Document:

Document

Exhibit 10.14(ii)

FIFTH AMENDMENT TO OFFICE LEASE
This FIFTH AMENDMENT TO OFFICE LEASE (this "Fifth Amendment") is made and entered into as of November 18, 2019 ("Effective Date"), by and between SPF CHINA BASIN HOLDINGS, LLC, a Delaware limited liability company ("Landlord"), and LYFT, INC., a Delaware corporation ("Tenant").
R E C I T A L S :
A. Landlord and Tenant entered into that certain Office Lease dated April 8, 2016 (the "Original Lease"), whereby Landlord leases to Tenant and Tenant leases from Landlord those certain premises consisting of (i) approximately 25,783 rentable square feet of space ("RSF") located in Suite 3000 on the third (3rd) floor of the "Wharfside Building," located at 185 Berry Street, San Francisco, California ("Wharfside Building"), (ii)  approximately 26,514 RSF located in Suite 500 on the fifth (5th) floor of the "Berry Street Building" located at 185 Berry Street, San Francisco, California ("Berry Street Building"), and (iii) approximately 41,430 RSF located in Suite 590 on the fifth (5th) floor of the Berry Street Building (collectively, the "Original Premises"). 
B. Landlord and Tenant entered into that certain First Amendment to Office Lease dated September 27, 2017 (the "First Amendment"), pursuant to which Landlord leases to Tenant and Tenant leases from Landlord the “Expansion Premises” which includes certain space consisting of (i) approximately 57,692 RSF located in Suite 4000, on the fourth (4th) floor of the Wharfside Building (the "Phase 1 Expansion Premises"), and (ii) approximately 16,801 RSF, commonly known as Suite 550, on the fifth (5th) floor of the Berry Street Building (the "Phase 2 Expansion Premises"). 
C. Landlord and Tenant entered into that certain Second Amendment to Office Lease dated May 31, 2018 (the "Second Amendment"), pursuant to which Landlord leases to Tenant and Tenant leases from Landlord the "Additional Premises", containing 23,878 RSF comprised of (i)  Suite 3700, containing approximately 5,399 RSF on the 3rd floor of the Wharfside Building (the "Suite 3700 Premises"), (ii) Suite 6700, containing approximately 4,675 RSF on the 6th floor of the Wharfside Building (the "Suite 6700 Premises"), (iii) Suite 4700, containing approximately 7,625 RSF on the 4th floor of the Wharfside Building (the "Suite 4700 Premises"), and (iv) Suite 6600, containing approximately 6,179 RSF on the 6th floor of the Wharfside Building (the "Suite 6600 Premises"). 
D. Landlord and Tenant entered into that certain Third Amendment to Office Lease dated June 11, 2018 (the "Third Amendment"), pursuant to which Tenant leases Suite 400 containing approximately 85,591 RSF on the 4th floor of the Berry Building (the "Suite 400 Premises").
E. Landlord and Tenant entered into that certain Fourth Amendment to Office Lease dated September 24, 2018 (the “Fourth Amendment”), which, among other things, modified certain delivery and commencement dates related to the Phase 2 Expansion Premises and Suite 400 Premises.  The Original Lease, as amended by the First Amendment, the Second Amendment, the Third Amendment and the Fourth Amendment, is referred to herein collectively as the "Lease". The Wharfside Building and Berry Street Building are each referred to herein as the "Building", and collectively as the "Buildings".  The Original Premises, Expansion Premises, Additional Premises, and Suite 400 Premises, are referred to herein collectively as the “Existing Premises”.
F. Landlord and Tenant desire to further expand the Existing Premises to include the following spaces.
(i)  Suites 3800 (comprised of Suite 3800 containing 22,182 RSF and Suite S3801 containing 61 RSF) and 3512 (containing 2,185 RSF), containing approximately 24,428 RSF on the 3rd floor of the Wharfside Building (collectively, the "Suite 3800 and 3512 Premises"),
(ii) Suite 3515, containing approximately 6,925 RSF on the 3rd floor of the Wharfside Building (the "Suite 3515 Premises"), and
									
			CHINA BASIN
Fifth Amendment
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(iii) Suite 3400, containing approximately 25,551 RSF on the 3rd floor of the Wharfside Building (the "Suite 3400 Premises").
G. The Suite 3800 and 3512 Premises, the Suite 3515 Premises, and the Suite 3400 Premises are delineated on Exhibit A attached hereto, and are referred to herein, collectively, as the "Fifth Amendment Premises". The Fifth Amendment Premises, in the aggregate, contain 56,904 RSF.
H. The term of the Lease with respect to (i) the portion of the Original Premises located in Suite 3000 in the Wharfside Building, and (ii) the Suite 3700 Premises (each of which are delineated on Exhibit A-1 and Exhibit A-2 attached hereto, and are referred to herein, collectively as, the “Lease Extension Premises”), is scheduled to expire on August 31, 2025.  Landlord and Tenant desire to extend the Lease Term with respect to the Lease Extension Premises to be coterminous with the Fifth Amendment Premises Term (as defined in Section 3.1 below).
I. In addition, Landlord and Tenant desire to make other modifications to the Lease, and in connection therewith, Landlord and Tenant desire to amend the Lease as hereinafter provided.
A G R E E M E N T:
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1.Capitalized Terms.  All capitalized terms when used herein shall have the same meaning as is given such terms in the Lease unless expressly superseded by the terms of this Fifth Amendment.
2.Modification of Premises.  Landlord represents that the rentable square footage of the Fifth Amendment Premises have been measured in accordance with BOMA (as defined in Section 1.4 of the Original Lease).
2.1.Suite 3800 and 3512 Premises and Suite 3515 Premises Commencement Date.  The "Suite 3800 and 3512 Commencement Date" is the date that is six (6) months following the Suite 3800 and 3512 Delivery Date.  As used herein, the "Suite 3800 and 3512 Delivery Date" shall mean the date on which Landlord delivers the Suite 3800 and 3512 Premises to Tenant in the condition required hereunder, which Suite 3800 and 3512 Delivery Date is anticipated to occur on December 1, 2019. Except as specifically set forth in the Work Letter attached hereto as Exhibit B (the "Fifth Amendment Premises Work Letter"), Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Suite 3800 and 3512 Premises, and Tenant shall accept the Suite 3800 and 3512 Premises in its presently existing, "as-is" condition.   Effective upon the Suite 3800 and 3512 Commencement Date, the Premises shall be increased to include the Suite 3800 and 3512 Premises.  Except as provided in this Fifth Amendment, effective as of the Suite 3800 and 3512 Commencement Date, the term "Premises" as used in the Lease shall mean, collectively, the Existing Premises and the Suite 3800 and 3512 Premises.  
2.2.Suite 3515 Commencement Date.  The "Suite 3515 Commencement Date" is the date that is six (6) months following the Suite 3515 Delivery Date.  As used herein, the "Suite 3515 Delivery Date" shall mean the date on which Landlord delivers the Suite 3515 Premises to Tenant in the condition required hereunder, which Suite 3515 Delivery Date is anticipated to occur on December 1, 2019. Except as specifically set forth in the Fifth Amendment Premises Work Letter, Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Suite 3515 Premises, and Tenant shall accept the Suite 3515 Premises in its presently existing, "as-is" condition.   Effective upon the Suite 3515 Commencement Date, the Premises shall be increased to include the Suite 3515 Premises.  Except as provided in this Fifth Amendment, effective as of the Suite 3515 Commencement Date, the term "Premises" as used in the Lease shall mean, 
									
			CHINA BASIN
Fifth Amendment
Lyft, Inc.

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collectively, the Existing Premises, the Suite 3800 and 3512 Premises (if previously delivered to Tenant in accordance with Section 2.1 above), and the Suite 3515 Premises.  
2.3.Delayed Delivery of Suite 3515 Premises.  Tenant acknowledges that Landlord may be required to delay the Suite 3515 Delivery Date to February 1, 2020, or later.  If the Suite 3515 Delivery Date has not occurred as of March 1, 2020 (the “Outside Delivery Date”), Tenant shall have the right, on written notice to Landlord given at any time after the Outside Delivery Date and prior to the occurrence of the Suite 3515 Delivery Date, to terminate Tenant’s obligation to lease the Suite 3515 Premises.  Upon delivery of such termination notice, Tenant’s obligation to lease the Suite 3515 Premises shall terminate, and neither Landlord nor Tenant shall have any further obligations with respect thereto, and the applicable provisions of this Fifth Amendment shall be appropriately adjusted to account for the fact that of the Suite 3515 Premises were never included in the Fifth Amendment Expansion Premises.
2.4.Suite 3400 Commencement Date.  Tenant currently occupies the Suite 3400 Premises pursuant to a sublease (the “Suite 3400 Sublease”) dated February 23, 2016, between Dropbox, Inc. (“Dropbox”), as sublandlord, and Tenant, as subtenant.  The Suite 3400 Sublease is scheduled to expire on January 31, 2023. The direct lease between Dropbox and Landlord (the “Dropbox Lease”) is scheduled to expire on February 28, 2023.  Concurrently herewith, Landlord, Tenant and Dropbox are entering into an agreement to: (A) extend the term of the Suite 3400 Sublease solely with respect to the Suite 3400 Premises  through February 28, 2023,  (B) provide that Tenant shall have no obligation to surrender the Suite 3400 Premises upon the expiration of the Suite 3400 Sublease, and (C) Tenant shall have no obligation to remove any Alterations installed in the Suite 3400 Premises by Dropbox prior to commencement of the Suite 3400 Sublease nor to remove any alterations installed in the Suite 3400 Premises by Tenant during the term of the Suite 3400 Sublease.  The “Suite 3400 Premises Commencement Date” shall occur immediately following such termination, i.e., March 1, 2023.  Effective upon the Suite 3400 Commencement Date, the Premises shall be increased to include the Suite 3400 Premises.  Except as specifically set forth in the Fifth Amendment Premises Work Letter, Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Suite 3400 Premises, and Tenant shall accept the Suite 3400 Premises in its presently existing, "as-is" condition.  Except as provided in this Fifth Amendment, effective as of the Suite 3400 Commencement Date, the term "Premises" as used in the Lease shall mean, collectively, the Existing Premises, the Suite 3800 and 3512 Premises, the Suite 3515 Premises (unless terminated as provided in Section 2.3, above), and the Suite 3400 Premises.  
2.5.Lease Extension Premises Commencement Date.  Tenant currently occupies the Lease Extension Premises pursuant to the Lease, as amended. The term of the Lease with respect to the Lease Extension Premises is scheduled to expire on August 31, 2025.  The “Lease Extension Commencement Date” shall occur on September 1, 2025. Effective as of the Lease Extension Commencement Date, the Lease Extension Premises shall be deemed to contain 32,547 RSF. Except as specifically set forth in the Fifth Amendment Premises Work Letter, Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Lease Extension Premises, and Tenant shall accept the Lease Extension Premises in its presently existing, "as-is" condition.  Except as provided in this Fifth Amendment, effective as of the Lease Extension Commencement Date, the term "Premises" as used in the Lease shall mean, collectively, the Existing Premises, the Suite 3800 and 3512 Premises, the Suite 3515 Premises (unless terminated as provided in Section 2.3, above), the Suite 3400 Premises and the Lease Extension Premises.  As of the date of this Amendment, Section 7 [3rd Floor Must-Take Space] of the Second Amendment is hereby deleted in its entirety and shall be of no further force or effect.
2.6.Beneficial Occupancy.  Subject to the terms of this Section 2.6, if the Fifth Amendment Premises Improvements (as defined in Section 2.1 of the Fifth Amendment Premises Work Letter) in any applicable increment of the Fifth Amendment Premises are substantially completed prior to the applicable commencement date for the subject increment of the Fifth Amendment Premises, Tenant shall have the right thereafter to occupy such increment of the Fifth Amendment Premises prior to the applicable commencement date for the conduct of Tenant's business; provided that (i) Tenant shall give Landlord at least five (5) days' prior written notice of any occupancy of the applicable increment of the Fifth Amendment Premises for the conduct of Tenant's business, (ii) a temporary certificate of occupancy shall have been issued by the appropriate governmental authorities for the applicable increment of the Fifth Amendment Premises to be occupied for the conduct of Tenant's business should Tenant 
									
			CHINA BASIN
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conduct any permittable Fifth Amendment Premises Improvements within such increment of the Fifth Amendment Premises, (iii) Tenant has delivered to Landlord satisfactory evidence of the insurance coverage required to be carried by Tenant in accordance with Article 10 of the Original Lease with respect to the applicable increment of the Fifth Amendment Premises, and (iv) except as provided hereinbelow, all of the terms and conditions of the Lease shall apply as though the applicable commencement date had occurred (although the applicable commencement date shall not actually occur until the occurrence of the same pursuant to the terms of the applicable Section 2.1, 2.2, 2.4 or 2.5) upon Tenant's commencement of the conduct of its business in the applicable increment of the Fifth Amendment Premises; provided, however, notwithstanding the foregoing, Tenant shall have no obligation to pay Base Rent attributable to the applicable increment of the Fifth Amendment Premises, or Tenant's Share of Direct Expenses attributable to the applicable increment of the Fifth Amendment Premises during any such period prior to the applicable commencement date that Tenant occupies such increment of the Fifth Amendment Premises.
2.7.Delivery.  The Suite 3800 and 3512 Delivery Date, and the Suite 3515 Delivery Date, are each referred to herein as a “Delivery Date”.  Tenant acknowledges that certain portions of the Fifth Amendment Premises are currently occupied by third parties.  Landlord will use commercially reasonable efforts to cause the respective Delivery Dates to occur by December 1, 2019; provided, however, that following the scheduled expiration of any third party's lease, if such third parties do not timely vacate its premises, Landlord shall use commercially reasonable efforts to regain possession of the subject increment of the Fifth Amendment Premises.  If Landlord is unable for any reason to deliver possession of any increment of the Fifth Amendment Premises to Tenant on any specific date, then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of the Lease (as amended) or the obligations of Tenant hereunder except as expressly provided in Section 2.3, above with respect to the Suite 3515 Premises.
2.8.Re-Measurement.  The Building, including the Existing Premises, the Suite 3400 Premises, and the Fifth Amendment Premises, were originally measured in accordance with the BOMA/ANSI Z65.1-1996 Standard Method for Measuring Floor Area in Office Buildings, as modified (“BOMA”).  Landlord has recently completed the process of re-measuring such areas in accordance with the Standard Method of Measuring Floor Area in Office Buildings, ANSI Z65.1 – 2017 and its accompanying guidelines ("2017 BOMA"), as promulgated by the Building Owners and Managers Association.  Attached hereto as Exhibit C is a certificate executed by Landlord’s architect certifying such re-measurement, and the RSF of the Fifth Amendment Premises has been adjusted to the revised measurement shown on such certificate, and all amounts under this Fifth Amendment calculated based on the RSF of such space have been modified as appropriate to account for the revised measurement.  The RSF of the Suite 3400 Premises shall be amended effective as of the Suite 3400 Premises Commencement Date, and the RSF of the Lease Extension Premises shall be amended effective as of September 1, 2025, and all amounts under this Fifth Amendment calculated based on the RSF of the Suite 3400 Premises or the Lease Extension Premises, as the case may be, shall be then modified as appropriate to account for the revised measurement.  The RSF of the remainder of the Existing Premises is also being re-measured, but Landlord and Tenant agree that such re-measurement shall not affect the Rent payable for the Existing Premises during the remainder of the existing Lease Term applicable to the Existing Premises (excluding the Lease Extension Premises).  The Building contains 945,772 RSF as re-measured by Landlord in accordance with the 2017 BOMA.
3.Fifth Amendment Premises Term; Option Term.  
3.1.Suite 3800 and 3512 Term.  The term of the Lease of the Suite 3800 and 3512 Premises (the "Suite 3800 and 3512 Term") shall commence on the Suite 3800 and 3512 Commencement Date and shall expire on the last day of the 88th full calendar month after the Suite 3800 and 3512 Commencement Date (the “Fifth Amendment Premises Term”).  Based on the estimated Suite 3800 and 3512 Delivery Date, the Fifth Amendment Premises Term is anticipated to commence on June 1, 2020, and continue through September 30, 2027.
3.2.Suite 3515 Term.  The term of the Lease of the Suite 3515 Premises (the "Suite 3515 Term") shall commence on the Suite 3515 Commencement Date and shall expire coterminously with the Fifth Amendment Premises Term. 
									
			CHINA BASIN
Fifth Amendment
Lyft, Inc.

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3.3.Suite 3400 Term.  The term of the Lease of the Suite 3400 Premises (the "Suite 3400 Term") shall commence on the Suite 3400 Commencement Date (i.e., March 1, 2023) and shall expire coterminously with the Fifth Amendment Premises Term. 
3.4.Extension of Lease Extension Premises Term.  The term of the Lease of the Lease Extension Premises (the "Lease Extension Premises Term") shall commence on the Lease Extension Commencement Date (i.e., September 1, 2025) and shall expire coterminously with the Fifth Amendment Premises Term.
3.5.Option Term.  Separate and apart from the Option Term granted in the Original Lease with respect to the Existing Premises and in the Third Amendment with respect to the Suite 400 Premises, Landlord hereby grants to the Original Tenant and any Permitted Transferee Assignee, one (1) option to extend Tenant’s lease of the Fifth Amendment Premises and Lease Extension Premises (i.e., all of the Premises located on the 3rd floor of the Wharfside Building) for a period of five (5) years (the "Fifth Amendment Premises Option Term"), i.e., the period from October 1, 2027 to September 30, 2032 [subject to adjustment if the Fifth Amendment Premises Term does not actually expire on September 30, 2027].  The Fifth Amendment Premises Option Term may be exercised, or not exercised, at Tenant's option, independently of the Option Term(s) applicable to the Existing Premises (excluding the Lease Extension Premises) and the Suite 400 Premises, and irrespective of whether or not Tenant continues to lease the Existing Premises (excluding the Lease Extension Premises) or the Suite 400 Premises.  Except as provided in this Section 3.5, the Fifth Amendment Premises Option Term shall be on the same terms and conditions as set forth in Section 2.2 of the Original Lease.
For the purposes of this Section 3.5, all references in Section 2.2 of the Original Lease or Exhibit F of the Original Lease, to: (i) the "initial Lease Term" shall be deemed to refer to the Fifth Amendment Premises Term, and (ii) the “Premises” shall refer solely to the Fifth Amendment Premises and the Lease Extension Premises.  Tenant’s exercise of its right to lease the Fifth Amendment Premises and Lease Extension Premises shall be conditioned on Tenant continuing to occupy at least sixty-six and 67/100ths percent (66.67%) of the rentable square footage of the Fifth Amendment Premises and Lease Extension Premises.
In addition, Tenant’s exercise of the Option Term granted in the Original Lease with respect to the Existing Premises shall: (x) not be applicable to the Fifth Amendment Premises or the Lease Extension Premises, and (y) the requirement for Tenant to occupy at least sixty-six and 67/100ths percent (66.67%) of the rentable square footage of the Premises shall be deemed to only refer to the Existing Premises (excluding the Suite 400 Premises and the Lease Extension Premises).
4.Fifth Amendment Premises Base Rent.  Commencing on the Suite 3800 and 3512 Commencement Date and continuing throughout the Fifth Amendment Premises Term, Tenant shall pay to Landlord monthly installments of Base Rent for the Suite 3800 and 3512 Premises, the Suite 3515 Premises, the Suite 3400 Premises and the Lease Extension Premises as follows:
									
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Fifth Amendment
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	Date:*	Annual Base Rent	Monthly Installment of Base Rent	Annual Rental Rate Per RSF	Square Footage
	June 1, 2020 (i.e., Suite 3800 and 3512 Commencement Date) – the date immediately preceding the Suite 3515 Commencement Date	$2,345,088.00	$195,424.00	$96.00	24,428
	Suite 3515 Commencement Date - May 31, 2021	$3,009,888.00	$250,824.00	$96.00	31,353
	June 1, 2021 – May 31, 2022	$3,100,184.64	$258,348.72	$98.88	31,353
	June 1, 2022 – February 28, 2023	$3,186,777.28	$265,564.77	$101.84	31,353
	March 1, 2023 – May 31, 2023	$5,795,467.55	$482,955.63	$101.84	56,904
	June 1, 2023 - May 31, 2024	$5,969,331.57	$497,444.30	$104.90	56,904
	June 1, 2024 - May 31, 2025	$6,148,411.52	$512,367.63	$108.05	56,904
	June 1, 2025 - August 31, 2025	$6,332,863.86	$527,738.66	$111.29	56,904
	September 1, 2025 – May 31, 2026	$9,955,029.62	$829,585.80	$111.29	89,451
	June 1, 2026 - May 31, 2027	$10,253,680.51	$854,473.38	$114.63	89,451
	June 1, 2027 - September 30, 2027	$10,561,290.93	$880,107.58	$118.07	89,451
	*Note: (1) If the Suite 3800 and 3512 Commencement Date occurs after June 1, 2020, then the dates on the foregoing chart shall be appropriately adjusted, and (2) if Tenant’s lease of Suite 3515 is terminated as provided in Section 2.3 above, then the square footage and rental amounts shall be appropriately adjusted.
				

5.Rent Abatement.  
5.1.Suite 3800 and 3512 Premises.  Provided that Tenant is not then in Default of the Lease, then Tenant shall have no obligation to pay the Base Rent and Tenant's Share of Direct Expenses otherwise attributable to the Suite 3800 and 3512 Premises during the first four (4) full calendar months following the Suite 3800 and 3512 Premises Commencement Date (the "Suite 3800 and 3512 Abatement Period").  Landlord and Tenant acknowledge that the total amount of the Base Rent component of such abatement equals $781,696.00 (i.e., $195,424.00 per month).
5.2.Suite 3515 Premises.  Provided that Tenant is not then in Default of the Lease, then Tenant shall have no obligation to pay the Base Rent and Tenant's Share of Direct Expenses otherwise attributable to the Suite 3515 Premises during the first four (4) full calendar months following the Suite 3515 Commencement Date (the "Suite 3515 Abatement Period").  Landlord and Tenant acknowledge that the total amount of the Base Rent component of such abatement equals $221,600.00 (i.e., $55,400.00 per month).
5.3.Suite 3400 Premises.  Provided that Tenant is not then in Default of the Lease, then Tenant shall have no obligation to pay the Base Rent and Tenant's Share of Direct Expenses otherwise attributable to the Suite 3400 Premises during the first two (2) full calendar months following the Suite 3400 Commencement Date (the "Suite 3400 Abatement Period").  Landlord and Tenant acknowledge that the total amount of the Base Rent component of such abatement equals $433,685.64 (i.e., $216,842.82 per month).
									
			CHINA BASIN
Fifth Amendment
Lyft, Inc.

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5.4.Lease Extension Premises.  Provided that Tenant is not then in Default of the Lease, then Tenant shall have no obligation to pay the Base Rent and Tenant's Share of Direct Expenses otherwise attributable to the Lease Extension Premises during the month of September 2025 (the "Suite 3000 and Suite 3700 Abatement Period").  Landlord and Tenant acknowledge that the total amount of the Base Rent component of such abatement equals $310,846.30.
6.Tenant's Share of Direct Expenses.  
6.1.Suite 3800 and 3512 Premises.  Except as specifically set forth in this Section 6.1, commencing on the expiration of the Suite 3800 and 3512 Abatement Period, Tenant shall pay Tenant's Share of Direct Expenses in connection with the Suite 3800 and 3512 Premises in accordance with the terms of Article 4 of the Lease, provided that with respect to the calculation of Tenant's Share of Direct Expenses in connection with the Suite 3800 and 3512 Premises, the following shall apply:
6.1.1Tenant's Share shall equal 2.5829%; and
6.1.2the Base Year shall be the calendar year 2020.
6.2.Suite 3515 Premises.  Except as specifically set forth in this Section 6.2, commencing on the expiration of the Suite 3515 Abatement Period, Tenant shall pay Tenant's Share of Direct Expenses in connection with the Suite 3515 Premises in accordance with the terms of Article 4 of the Lease, provided that with respect to the calculation of Tenant's Share of Direct Expenses in connection with the Suite 3515 Premises, the following shall apply:
6.2.1Tenant's Share shall equal 0.7322%; and
6.2.2the Base Year shall be the calendar year 2020.
6.3.Suite 3400 Premises.  Except as specifically set forth in this Section 6.3, commencing on the expiration of the Suite 3400 Abatement Period, Tenant shall pay Tenant's Share of Direct Expenses in connection with the Suite 3400 Premises in accordance with the terms of Article 4 of the Lease, provided that with respect to the calculation of Tenant's Share of Direct Expenses in connection with the Suite 3400 Premises, the following shall apply:
6.3.1Tenant's Share shall equal 2.7016%; and
6.3.2the Base Year shall be the calendar year 2020.
6.4.Lease Extension Premises.  Except as specifically set forth in this Section 6.4, commencing on the expiration of the Suite 3000 and Suite 3700 Abatement Period, i.e., October 1, 2025, Tenant shall pay Tenant's Share of Direct Expenses in connection with the Lease Extension Premises in accordance with the terms of Article 4 of the Lease, provided that with respect to the calculation of Tenant's Share of Direct Expenses in connection with the Lease Extension Premises, the following shall apply:
6.4.1Tenant's Share shall equal 3.4413%; and
6.4.2the Base Year shall be the calendar year 2020.
7.Parking.  In addition to Tenant's parking rights set forth in the Lease, effective as of each of the Suite 3800 and 3512 Commencement Date, the Suite 3515 Commencement Date, and the Suite 3400 Commencement Date Tenant shall be entitled to rent up to one (1) unreserved parking passes per 5,400 RSF of each such increment effective as of the commencement date of Tenant's lease of such increment (the "Fifth Amendment Parking Passes").  Tenant shall continue to have the right to parking with respect to the Lease Extension Premises 
									
			CHINA BASIN
Fifth Amendment
Lyft, Inc.

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as set forth in the Lease, which shall continue through the Fifth Amendment Premises Term. Except as set forth in this Section 7, Tenant’s lease of parking passes shall be in accordance with the provisions of Article 28 of the Lease.
8.Freight Elevator Shaft Space.  Tenant acknowledges that there is an existing freight elevator and shaft running through portions of the Fifth Amendment Premises.  Landlord may in the future elect to remove such elevator and shaft, and make the necessary improvements to the areas of the Building occupied by such elevator and shaft so as to create additional usable space in the Building (the "New Shaft Space"), all at Landlord's sole cost and expense.  Tenant agrees that if Landlord does elect to create the New Shaft Space that such New Shaft Space shall be added to the Premises on the same terms and conditions applicable to the portion of the Premises that are immediately adjacent to the New Shaft Space. In connection with Tenant's lease of any New Shaft Space (i) the Lease Commencement Date for such space shall be the date which is four (4) months following the date on which such New Shaft Space is delivered to Tenant, and (ii) Tenant shall receive an improvement allowance equal to $80.00 per RSF of such New Shaft Space.  Tenant shall pay Base Rent and Tenant's Share of Direct Expenses with respect to the New Shaft Space at the same rates per RSF as are applicable to the portion of the Premises to which each portion of the New Shaft Space is added.
9.Electrical; Riser.  Landlord acknowledges and agrees that Section 6.1.2 of the Original Lease ["Landlord shall provide adequate electrical wiring and facilities for connection to Building standard ceiling mounted lighting fixtures and incidental use equipment, i.e., 5 watts of connected load per usable square foot, provided that Tenant's consumption of electricity does not exceed 2.4 watts/hour per usable square foot of the Premises per month, which electrical usage shall be subject to Applicable Laws and regulations, including Title 24."] shall apply to each increment of the Fifth Amendment Premises.  Tenant shall have access to the vertical riser shaft space in the Building to install cabling reasonably necessary for the provision of telecommunication services to the Fifth Amendment Premises; provided, however that Tenant must use Landlord’s riser management vendor, and cabling must be tagged every four feet with appropriate identification tags.  Tenant shall be required to remove all cabling serving the Fifth Amendment Premises upon the expiration or earlier termination of the Fifth Amendment Premises Term in accordance with Section 29.32 of the Original Lease.
10.Tenant's Dogs.  Section 9 of the First Amendment is hereby deleted in its entirety and replaced with the following language: Effective as of:
(i)  the Phase 1 Expansion Commencement Date, the total number of Tenant's Dogs eligible to be brought into the Premises (including the Sublease Premises as part of the "Premises" for such purposes) that is not subject to a sublease agreement (or a sub-sublease agreement with respect to the Sublease Premises) shall not exceed sixty (60) dogs in the aggregate, 
(ii)  the Phase 2 Expansion Commencement Date, the total number of Tenant's Dogs eligible to be brought into the Premises (including the Sublease Premises as part of the "Premises" for such purposes) that is not subject to a sublease agreement (or a sub-sublease agreement with respect to the Sublease Premises) shall not exceed sixty-five (65) dogs in the aggregate, 
(iii)  the Suite 3800 and 3512 Commencement Date, the total number of Tenant's Dogs eligible to be brought into the Premises (including the Sublease Premises as part of the "Premises" for such purposes) that is not subject to a sublease agreement (or a sub-sublease agreement with respect to the Sublease Premises) shall not exceed seventy (70) dogs in the aggregate, and 
(iv)  the Suite 3400 Commencement Date, the total number of Tenant's Dogs eligible to be brought into the Premises that is not subject to a sublease agreement shall not exceed seventy-five (75) dogs in the aggregate.  
Except as set forth in this Section 10, the terms of Section 29.39 of the Original Lease shall continue to apply with respect to Tenant's dog rights.
									
			CHINA BASIN
Fifth Amendment
Lyft, Inc.

8

11.Removal Obligations.  Notwithstanding any provision to the contrary set forth in the Lease, as of the Effective Date, the term "Tenant Improvements" within the definition of "Specialty Improvements" in Section 8.5 of the Original Lease, shall include any improvements constructed in the Fifth Amendment Premises, and accordingly, Tenant shall not be required to remove: (i) any such improvements upon the expiration or earlier termination of the Lease unless the same would constitute Specialty Improvements, nor (ii) any improvements constructed in connection with connecting the Existing Premises, the Fifth Amendment Premises and the Lease Extension Premises and the common corridor which Tenant intends to remove.  In addition, in the event that, at the time Tenant requests Landlord's consent to any such improvements, if Tenant also requests in writing a determination of whether Landlord will require restoration and/or removal of the particular improvements or portions thereof for which consent is being requested upon expiration or any earlier termination of the Lease (as amended), Landlord shall so notify Tenant along with Landlord's consent (if such consent is given).  
12.Letter of Credit.  Tenant shall not be required to provide any additional letter of credit or security deposit in connection with this Fifth Amendment. 
13.Brokers.  Landlord and Tenant hereby warrant to each other that they have had no dealings with any real estate broker or agent in connection with the negotiation of this Fifth Amendment other than McCarthy Cook & Co. and Jones Lang LaSalle (the "Brokers"), and that they know of no other real estate broker or agent who is entitled to a commission in connection with this Fifth Amendment.  Landlord shall pay the brokerage commissions owing to the Brokers in connection with the transaction contemplated by this Fifth Amendment pursuant to the terms of separate written agreements between Landlord and each of the Brokers.  Each party agrees to indemnify and defend the other party against and hold the other party harmless from and against any and all claims, demands, losses, liabilities, lawsuits, judgments, and costs and expenses (including, without limitation, reasonable attorneys' fees) with respect to any leasing commission or equivalent compensation alleged to be owing on account of the indemnifying party's dealings with any real estate broker or agent, other than the Brokers.  The terms of this Section 13 shall survive the expiration or earlier termination of the term of the Lease, as hereby amended.
14.CASp.  For purposes of Section 1938(a) of the California Civil Code, Landlord hereby discloses to Tenant that as of the date of this Fifth Amendment, and Tenant hereby acknowledges, that neither the Fifth Amendment Premises nor the Lease Extension Premises have undergone inspection by a Certified Access Specialist (CASp).  In addition, the following notice is hereby provided pursuant to Section 1938(e) of the California Civil Code:  "A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law.  Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant.  The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the premises." The terms of Section 16 of the First Amendment shall continue to apply with respect to the foregoing.  
15.Third Party Approvals.  Landlord shall be responsible, at Landlord’s sole cost and expense, for obtaining any third party approvals required for Landlord to enter into this Fifth Amendment, including, without limitation, the approval of HSBC Bank USA, National Association.
16.No Further Modification.  Except as set forth in this Fifth Amendment, all of the terms and provisions of the Lease shall apply with respect to the Fifth Amendment Premises and shall remain unmodified and in full force and effect.
17.Counterparts and Electronic Signatures.  This Fifth Amendment may be executed in one or more counterparts, each of which shall be an original, and all of which together shall constitute a single instrument. Further, the parties agree that this Fifth Amendment may be signed and/or transmitted by electronic mail of a .PDF document or electronic signature (e.g., DocuSign or similar electronic signature technology) and thereafter 
									
			CHINA BASIN
Fifth Amendment
Lyft, Inc.

9

maintained in electronic form, and that such electronic record shall be valid and effective to bind the party so signing as a paper copy bearing such party's hand-written signature.  The parties further consent and agree that the electronic signatures appearing on this Fifth Amendment shall be treated, for purpose of validity, enforceability and admissibility, the same as hand-written signatures. 
[signatures follow on next page]

									
			CHINA BASIN
Fifth Amendment
Lyft, Inc.

10

IN WITNESS WHEREOF, this Fifth Amendment has been executed as of the day and year first above written.  

"Landlord": 

SPF CHINA BASIN HOLDINGS, LLC,
a Delaware limited liability company
By: SPF China Basin Acquisition, LLC,
a Delaware limited liability company
Managing Member
By: Commingled Pension Trust Fund (Strategic Property)
of JPMorgan Chase Bank, N.A.,
Sole Member 
By: JPMorgan Chase Bank, N.A., Trustee
By:   /s/ Karen M. Wilbrecht 
Karen M. Wilbrecht,
Executive Director
Date:  11/20/19       

"Tenant":

LYFT, INC., 
a Delaware corporation 

By: /s/ Brian Roberts         

Name: Brian Roberts   
Its: CFO     

Date:  11/19/2019   

									
			CHINA BASIN
Fifth Amendment
Lyft, Inc.

11

EXHIBIT A-1 and EXHIBIT A-2
CHINA BASIN
OUTLINE OF FIFTH AMENDMENT PREMISES
This Exhibit A-1 and Exhibit A-2 is referenced in the Recital G of that certain Fifth Amendment to Office Lease dated as of November ___, 2019, by and between SPF CHINA BASIN HOLDINGS, LLC, a Delaware limited liability company, and LYFT, INC., a Delaware corporation.

												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT A-1 and EXHIBIT A-2
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

1

EXHIBIT B
CHINA BASIN
FIFTH AMENDMENT PREMISES WORK LETTER
This Exhibit B is referenced in Section 2.1 of that certain Fifth Amendment to Office Lease dated as of November ____, 2019, by and between SPF CHINA BASIN HOLDINGS, LLC, a Delaware limited liability company, and LYFT, INC., a Delaware corporation.
This Fifth Amendment Premises Work Letter shall set forth the terms and conditions relating to the construction of improvements in the Fifth Amendment Premises.  This Fifth Amendment Premises Work Letter is essentially organized chronologically and addresses the issues of the construction of the Fifth Amendment Premises, in sequence, as such issues will arise during the actual construction of the Fifth Amendment Premises.  All references in this Fifth Amendment Premises Work Letter to Sections of "this Fifth Amendment Premises Work Letter" shall mean the relevant portions of Sections 1 through 5 of this Fifth Amendment Premises Work Letter.  Unless context indicates otherwise, all references in this Fifth Amendment Premises Work Letter to "Premises" shall mean the Fifth Amendment Premises; provided, however, that Tenant shall be permitted to perform improvements in the Lease Extension Premises as well. 
SECTION 1
DELIVERY OF THE FIFTH AMENDMENT PREMISES 
1.1 Delivery of the Suite 3800 and 3512 Premises, and the Suite 3515 Premises.  On or before each of the Suite 3800 and 3512 Delivery Date, and the Suite 3515 Delivery Date, Landlord shall deliver the applicable portion of the Suite 3800 and 3512 Premises to Tenant, and the Suite 3515 Premises to Tenant, and Tenant shall accept the Suite 3800 and 3512 Premises, and the Suite 3515 Premises from Landlord in its presently existing, "as-is" condition as of the date of this Fifth Amendment; provided, however, (i) Landlord shall deliver the Suite 3800 and 3512 Premises, and the Suite 3515 Premises with the plumbing, electrical systems, fire sprinkler system, lighting, air conditioning and heating systems and all other Building systems serving the Suite 3800 and 3512 Premises, and the Suite 3515 Premises in good operating condition and repair and any failure of such systems to be in such condition on delivery shall not be a default under the Lease (as amended), but shall be promptly remedied by Landlord at Landlord's sole cost and expense, (ii) the Suite 3800 and 3512 Premises, and the Suite 3515 Premises shall be free of any prior tenant’s personal property and free of any material damage caused by such prior tenant’s occupancy or vacation, and (iii) Landlord shall provide the Fifth Amendment Premises Allowance applicable to the Suite 3800 and 3512 Premises, and the Suite 3515 Premises in accordance with the terms of this Work Letter.  Landlord shall provide not less than thirty (30) days prior notice of each applicable Delivery Date. Notwithstanding anything to the contrary set forth herein, Landlord shall, at Landlord's sole cost, using Building standard methods, materials and finishes, install Building standard window shades on the perimeter windows of the Suite 3800 and 3512 Premises, and the Suite 3515 Premises.  
1.2 Delivery of the Suite 3400 Premises; Lease Extension Premises.  Tenant acknowledges that Tenant is currently in occupancy of the Suite 3400 Premises pursuant to the Suite 3400 Sublease, and that Tenant will continue to occupy the Suite 3400 Premises as of the Suite 3400 Commencement Date.  Tenant shall continue to accept the Suite 3400 Premises in their then existing “as-is” condition, and except for the Fifth Amendment Premises Allowance granted under this Tenant Work Letter, Landlord shall have no obligation to provide or pay for any improvements or modifications to the Suite 3400 Premises.  With respect to the Lease Extension Premises, Tenant will have been in occupancy of the Lease Extension Premises in accordance with the Lease, as amended hereby, and Tenant shall continue to accept the Lease Extension Premises in its then existing “as-is” condition, and, 
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

1

except for the Fifth Amendment Premises Allowance granted under this Tenant Work Letter, Landlord shall have no obligation to provide or pay for any improvements to the Lease Extension Premises.
1.3 Compliance.  Notwithstanding the foregoing, in connection with Tenant's construction of the "Fifth Amendment Premises Improvements" (as defined in Section 2.1 below), Landlord shall be responsible, at Landlord's sole cost and expense, to the extent such compliance is required in order to allow Tenant to obtain a certificate of occupancy, or its legal equivalent, for the Fifth Amendment Premises for general office use, to cause the "path of travel" to the Fifth Amendment Premises (i.e., the most direct route through the Common Areas of the Building starting from the main entrance of the Building (Lobby 4) and ending at the entrance to the Fifth Amendment Premises) to comply with applicable building codes and other governmental laws, ordinances and regulations related to handicap access and use, as enacted and enforced as of the Suite 3800 and 3512 Commencement Date, including but not limited to building codes and other governmental laws, ordinances and regulations enacted in conformity with Title 24 accessibility standards and the Americans with Disabilities Act (collectively, the "ADA"), and (ii) to perform all work necessary to the Base Building and the Common Areas (including any restrooms currently located in the Common Area which will become part of the Fifth Amendment Expansion Premises) to cause such areas to comply with applicable building codes and other governmental laws, ordinances and regulations, as enacted and enforced as of the Suite 3800 and 3512 Commencement Date, including but not limited to building codes and other governmental laws, ordinances and regulations enacted in conformity with the ADA (collectively, the "Code Work").  
SECTION 2
IMPROVEMENTS
2.1 Fifth Amendment Premises Improvement Allowance.  Tenant shall be entitled to a one-time improvement allowance (the "Fifth Amendment Premises Improvement Allowance") in the amount of (i) $45.00 per RSF of the Suite 3800 and 3512 Premises (i.e., $1,099,260.00), (ii) $45.00 per RSF of the Suite 3515 Premises (i.e., $311,625.00), (iii) $5.00 per RSF of the Suite 3400 Premises (i.e., $127,755.00), and (iv) $5.00 per RSF of the Suite 3700 Premises (i.e., $27,480.00), for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Fifth Amendment Premises (the "Fifth Amendment Premises Improvements"). Tenant shall not receive any improvement allowance for the Suite 3000 Premises.  The Fifth Amendment Premises Improvement Allowance shall all be available as of the date hereof, and may be used by Tenant for improvements in any portion of the Fifth Amendment Premises and the Lease Extension Premises. In addition (and not as part of the Fifth Amendment Premises Improvement Allowance), Landlord shall provide up to $0.15 per rentable square foot of the Suite 3800 and 3512 Premises and Suite 3515 Premises towards the cost of preliminary space plans for the Fifth Amendment Premises ("Landlord's Drawing Contribution").  There shall be no Landlord’s Drawing Contribution with respect to the Suite 3400 Premises or the Lease Extension Premises.  Tenant may utilize any part of the Fifth Amendment Premises Improvement Allowance in any portion of the Fifth Amendment Premises, or other Premises leased by Tenant. Landlord shall not be obligated to pay a total amount which exceeds the Fifth Amendment Premises Improvement Allowance and Landlord's Drawing Contribution.  Notwithstanding the foregoing or any contrary provision of the Lease, all Fifth Amendment Premises Improvements shall be deemed Landlord's property under the terms of the Lease.  Any unused portion of the Fifth Amendment Premises Improvement Allowance remaining (and not otherwise designated as a Base Rent credit pursuant to Section 2.2.1.9 below) as of the last day of the eighteenth (18th) full calendar month following the Suite 3800 and 3512 Premises Commencement Date, shall remain with Landlord and Tenant shall have no further right thereto (the "Outside Allowance Date").
2.2 Disbursement of the Fifth Amendment Premises Improvement Allowance.
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

2

2.2.1 Fifth Amendment Premises Improvement Allowance Items.  Except as otherwise set forth in this Fifth Amendment Premises Work Letter, the Fifth Amendment Premises Improvement Allowance shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord's disbursement process, including, without limitation, Landlord's receipt of invoices for all costs and fees described herein) only for the following items and costs (collectively the "Fifth Amendment Premises Improvement Allowance Items"):
2.2.1.1   Payment of the fees of the "Architect" and the "Engineers," as those terms are defined in Section 3.1 of this Fifth Amendment Premises Work Letter, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord's consultants in connection with the preparation and review of the "Construction Drawings," as that term is defined in Section 3.1 of this Fifth Amendment Premises Work Letter, and the cost of computer and telecommunication cabling, reasonably incurred by Tenant, which payment for the foregoing items in this Section 2.2.1.1 shall not exceed an aggregate amount equal to $4.00 per rentable square foot of the entire Fifth Amendment Premises;
2.2.1.2   The payment of plan check, permit and license fees relating to construction of the Fifth Amendment Premises Improvements;
2.2.1.3   The cost of construction of the Fifth Amendment Premises Improvements, including, without limitation, costs of installing submeters to monitor the electricity usage in the Fifth Amendment Premises pursuant to Section 6.1.2 of the Original Lease, testing and inspection costs, after-hours and above-standard freight elevator usage, hoisting and trash removal costs, and contractors' fees and general conditions;
2.2.1.4   Other than the Code Work which is Landlord's responsibility as outlined in Section 1.3 above, the cost of any changes in the Base Building when such changes are required by the Construction Drawings (including if such changes are due to the fact that such work is prepared on an unoccupied basis), such cost to include all direct architectural and/or engineering fees and expenses incurred in connection therewith, but excluding any costs that are Landlord's obligation pursuant to the terms of Section 1 of this Fifth Amendment Premises Work Letter;
2.2.1.5   The cost of any changes to the Construction Drawings or Fifth Amendment Premises Improvements required by all applicable building codes (the "Code"), but excluding any costs that are Landlord's obligation pursuant to the terms of Section 1 of this Fifth Amendment Premises Work Letter;
2.2.1.6   The cost of the "Coordination Fee," as that term is defined in Section 4.2.2.1 of this Fifth Amendment Premises Work Letter;
2.2.1.7   Sales and use taxes;
2.2.1.8  All other costs to be expended by Landlord in connection with the construction of the Fifth Amendment Premises Improvements; and
2.2.1.9   Following the completion of the Fifth Amendment Premises Improvements and prior to the Outside Allowance Date, Tenant shall have the right, exercisable by written notice to Landlord, to elect to use the unused amount of the Fifth Amendment Premises Improvement Allowance to receive a credit against future installments of monthly Base Rent coming due under the Lease, as amended; provided, however, the total amount of such Base Rent credit shall not exceed Five Dollars ($5.00) per RSF of the Fifth Amendment Premises, and, as determined on a monthly installment basis, such credit shall not exceed fifty percent (50%) of the Base Rent otherwise due and owing for such month.  Any Base Rent credit under this Section 2.2.1.9 shall be applied to the Base Rent due promptly following the expiration of the Suite 3800 and 3512 Premises Abatement Period.  
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

3

2.2.2 Disbursement of Fifth Amendment Premises Improvement Allowance.  At Tenant's option, Landlord shall (i) make a lump sum disbursement of the Fifth Amendment Premises Improvement Allowance for the Fifth Amendment Premises Improvement Allowance Items, following completion of the Fifth Amendment Premises Improvements and Landlord's receipt of the items specified below applicable to release of the "Final Retention" or (ii) make multiple disbursements, not more than once per month, of the Fifth Amendment Premises Improvement Allowance for Fifth Amendment Premises Improvement Allowance Items and shall authorize the release of monies as follows.  Tenant shall make such election by delivery of notice to Landlord prior to requesting any disbursement of the Fifth Amendment Premises Improvement Allowance. 
2.2.2.1   Monthly Disbursements.  If Tenant elects to receive multiple disbursements of the Fifth Amendment Premises Improvement Allowance, on or before the twentieth (20th) day of any calendar month, during the construction of the Fifth Amendment Premises Improvements (or such other date as Landlord may designate), Tenant shall deliver to Landlord:  (i) a request for payment of the "Contractor," as that term is defined in Section 4.1.1 of this Fifth Amendment Premises Work Letter, approved by Tenant, in a form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the Fifth Amendment Premises Improvements in the Fifth Amendment Premises, detailing the portion of the work completed and the portion not completed; (ii) invoices from all of "Tenant's Agents," as that term is defined in Section 4.1.2 of this Fifth Amendment Premises Work Letter, for labor rendered and materials delivered to the Fifth Amendment Premises; (iii) executed mechanic's lien releases from all of Tenant's Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 and 8138; and (iv) all other information reasonably requested by Landlord.  Tenant's request for payment shall be deemed Tenant's acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant's payment request.  Thereafter, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant in payment of the lesser of:  (A) the amounts so requested by Tenant, as set forth in this Section 2.2.2.1, above, less a ten percent (10%) retention (the aggregate amount of such retentions to be known as the "Final Retention"), and (B) the balance of any remaining available portion of the Fifth Amendment Premises Improvement Allowance (not including the Final Retention), provided that Landlord does not reasonably dispute any request for payment based on non-compliance of any work with the "Approved Working Drawings," as that term is defined in Section 3.4 below, or due to any substandard work, or for any other reason.  Landlord's payment of such amounts shall not be deemed Landlord's approval or acceptance of the work furnished or materials supplied as set forth in Tenant's payment request.
2.2.2.2   Final Retention.  Subject to the provisions of this Fifth Amendment Premises Work Letter, a check for the Final Retention payable to Tenant shall be delivered by Landlord to Tenant following the completion of construction of the Fifth Amendment Premises Improvements, provided that (i) Tenant delivers to Landlord properly executed mechanic's lien releases in compliance with both California Civil Code Section 8134 and Section 8138, (ii) Landlord has reasonably determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant's use of such other tenant's leased premises in the Building, and (iii) Architect delivers to Landlord a certificate, in a form reasonably acceptable to Landlord, certifying that the construction of the Fifth Amendment Premises Improvements has been substantially completed.  
2.2.2.3   Other Terms.  Landlord shall only be obligated to make disbursements from the Fifth Amendment Premises Improvement Allowance to the extent costs are incurred by Tenant for Fifth Amendment Premises Improvement Allowance Items.  
2.3 Building Standards.  Landlord has established or may establish specifications for certain Building standard components to be used in the construction of the Fifth Amendment Premises Improvements in the Fifth Amendment Premises.  The quality of Fifth Amendment Premises Improvements shall be equal to or of greater 
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

4

quality than the quality of such Building standards, provided that Landlord may, at Landlord's option, require the Fifth Amendment Premises Improvements to comply with certain Building standards.  Landlord may make changes to said specifications for Building standards from time to time upon no less than thirty (30) days prior written notice to Tenant; provided, however, such changes shall not apply to any elements of the Fifth Amendment Premises Improvements that were previously approved by Landlord.  
2.4 Removal Requirements.  Tenant's removal requirements with respect to the Fifth Amendment Premises Improvements are set forth in Section 8.5 of the Original Lease, as amended by Section 11 of this Fifth Amendment, including Tenant's right to request that Landlord waive certain removal requirements pursuant to the terms thereof.
SECTION 3
CONSTRUCTION DRAWINGS
3.1 Selection of Architect/Construction Drawings.  Tenant shall retain the architect/space planner designated by Tenant and reasonably approved by Landlord (the "Architect") to prepare the "Construction Drawings," as that term is defined in this Section 3.1.  Landlord hereby approves Studio as the Architect.  Tenant shall retain the engineering consultants designated by Tenant and reasonably approved by Landlord (the "Engineers") to prepare all plans and engineering working drawings relating to the structural, mechanical, electrical, plumbing, HVAC, lifesafety, and sprinkler work in the Fifth Amendment Premises, which work is not part of the Base Building.  The plans and drawings to be prepared by Architect and the Engineers hereunder shall be known collectively as the "Construction Drawings." Tenant acknowledges that a concrete masonry shear wall exists on the west demising wall of the Fifth Amendment Premises. Any penetrations of the shear wall will require structural engineering review, and the Construction Drawings shall include any shear replacement values.  Any and all such costs shall be payable by Tenant subject to reimbursement from the Fifth Amendment Premises Improvement Allowance. All Construction Drawings shall be subject to Landlord's approval, such approval not to be unreasonably withheld, conditioned or delayed.  Tenant and Architect shall verify, in the field, the dimensions and conditions as shown on the relevant portions of the Base Building plans, and Tenant and Architect shall be solely responsible for the same, and Landlord shall have no responsibility in connection therewith.  Landlord's review of the Construction Drawings as set forth in this Section 3, shall be for its sole purpose and shall not imply Landlord's review of the same, or obligate Landlord to review the same, for quality, design, Code compliance or other like matters.  Accordingly, notwithstanding that any Construction Drawings are reviewed by Landlord or its space planner, architect, engineers and consultants, and notwithstanding any advice or assistance which may be rendered to Tenant by Landlord or Landlord's space planner, architect, engineers, and consultants, Landlord shall have no liability whatsoever in connection therewith and shall not be responsible for any omissions or errors contained in the Construction Drawings, and Tenant's waiver and indemnity set forth in the Lease (as amended) shall specifically apply to the Construction Drawings.
3.2 Final Space Plan.  Tenant shall supply Landlord with one PDF copy signed by Tenant of its final space plan for the Fifth Amendment Premises.  The final space plan (the "Final Space Plan") shall include a layout and designation of all offices, rooms and other partitioning, their intended use, and equipment to be contained therein.  Such Final Space Plan shall be approved by Landlord, which approval shall not be unreasonably withheld, conditioned or delayed; provided, however, without limitation as to other reasonable grounds for withholding consent, it shall be deemed reasonable for Landlord to withhold its consent to any proposed Fifth Amendment Premises Improvements or aspect of the Final Space Plan in the event the same (i) require, or might reasonably require, or give rise to governmentally required changes to the Base Building, (ii) have an adverse effect on the structural integrity of the Building; (iii) are not in compliance with Code; (iv) have an adverse effect on the systems and equipment of the Building; (v) have an effect on the exterior appearance of the Building; or (vi) cause unreasonable interference with the normal and customary office operations of any other tenant in the Building 
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

5

(individually or collectively, a "Design Problem").  Landlord may request clarification or more specific drawings for special use items not included in the Final Space Plan.  Landlord shall advise Tenant within five (5) business days after Landlord's receipt of the Final Space Plan for the Fifth Amendment Premises if the same is unsatisfactory or incomplete in any respect.  If Tenant is so advised, Tenant shall promptly cause the Final Space Plan to be revised to correct any deficiencies or other matters Landlord may reasonably require.  If Landlord fails to notify Tenant of Landlord's approval or disapproval of any such Final Space Plan within such five (5) business day period, Tenant shall have the right to provide Landlord with a second written request for approval (a "Second Request") that specifically identifies the Final Space Plan and contains the following statement in bold and capital letters: "THIS IS A SECOND REQUEST FOR APPROVAL PURSUANT TO THE PROVISIONS OF SECTION 3.2 OF THE WORK LETTER ATTACHED TO THE FIFTH AMENDMENT TO LEASE.  IF LANDLORD FAILS TO RESPOND WITHIN THREE (3) BUSINESS DAYS AFTER RECEIPT OF THIS NOTICE, THEN LANDLORD SHALL BE DEEMED TO HAVE APPROVED THE FINAL SPACE PLAN."  If Landlord fails to respond to such Second Request within three (3) business days after receipt by Landlord, the Final Space Plan in question shall be deemed approved by Landlord.
3.3 Final Working Drawings.  After the Final Space Plan has been approved (or deemed approved) by Landlord, Tenant shall supply the Engineers with a complete listing of standard and non-standard equipment and specifications, including, without limitation, fire-suppression system requirements, B.T.U. calculations, electrical requirements and special electrical receptacle requirements for the Fifth Amendment Premises, to enable the Engineers and the Architect to complete the "Final Working Drawings" (as that term is defined below) in the manner as set forth below.  Upon the approval of the Final Space Plan by Landlord and Tenant, Tenant shall promptly cause the Architect and the Engineers to complete the architectural and engineering drawings for the Fifth Amendment Premises, and Architect shall compile a fully coordinated set of architectural, structural, mechanical, electrical and plumbing working drawings in a form which is complete to allow subcontractors to bid on the work and to obtain all applicable permits (collectively, the "Final Working Drawings") and shall submit the same to Landlord for Landlord's approval; however, Tenant shall have the ability to submit architectural and engineered drawings at separate times, all subject to the timelines outlined below.  Tenant shall supply Landlord with one (1) copy signed by Tenant (and three (3) additional unsigned copies as necessary for review) of such Final Working Drawings.  Such Final Working Drawings shall be approved by Landlord, which approval shall not be unreasonably withheld, conditioned or delayed; provided, however, without limitation as to other reasonable grounds for withholding consent, it shall be deemed reasonable for Landlord to withhold its consent to any proposed Fifth Amendment Premises Improvements or aspect of the Final Working Drawings in the event the same causes a Design Problem.  Landlord shall advise Tenant within ten (10) business days after Landlord's receipt of the Final Working Drawings for the Fifth Amendment Premises if the same is unsatisfactory or incomplete in any respect.  If Tenant is so advised, Tenant shall promptly cause the Final Working Drawings to be revised in accordance with such review and any disapproval of Landlord in connection therewith.  If Landlord fails to notify Tenant of Landlord's approval or disapproval of any such Final Working Drawings within such ten (10) business day period, Tenant shall have the right to provide Landlord with a second written request for approval (a "Working Drawing Second Request") that specifically identifies the Final Working Drawings and contains the following statement in bold and capital letters: "THIS IS A SECOND REQUEST FOR APPROVAL PURSUANT TO THE PROVISIONS OF SECTION 3.3 OF THE WORK LETTER ATTACHED TO THE FIFTH AMENDMENT TO LEASE.  IF LANDLORD FAILS TO RESPOND WITHIN FIVE (5) BUSINESS DAYS AFTER RECEIPT OF THIS NOTICE, THEN LANDLORD SHALL BE DEEMED TO HAVE APPROVED THE FINAL WORKING DRAWINGS."  If Landlord fails to respond to such Working Drawing Second Request within five (5) business days after receipt by Landlord, the Final Working Drawings in question shall be deemed approved by Landlord.  Subject to Landlord's obligation to perform the Code Work, if the Final Working Drawings or any amendment thereof or supplement thereto shall require alterations in the Base Building (as contrasted with the Fifth Amendment Premises Improvements), and if Landlord in its sole and exclusive discretion agrees to any such alterations, and notifies Tenant of the need and cost for such alterations, then Tenant may elect to either: (i) value engineer the Final Working Drawings so as to reduce or eliminate such cost, or (ii) pay the cost of such required changes in advance 
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

6

upon receipt of notice thereof, and if Tenant elects to pay such costs for the required change, then Tenant shall also pay all direct architectural and/or engineering fees in connection with such Base Building changes, plus one and one-half percent (11⁄2%) of such direct costs for Landlord's servicing and overhead.
3.4 Approved Working Drawings.  The Final Working Drawings shall be approved by Landlord (the "Approved Working Drawings") prior to the commencement of construction of the Fifth Amendment Premises Improvements by Tenant.  After approval (or deemed approval) by Landlord of the Final Working Drawings, Tenant may submit the same to the appropriate municipal authorities for all applicable building permits.  Tenant hereby agrees that neither Landlord nor Landlord's consultants shall be responsible for obtaining any building permit or certificate of occupancy for the Fifth Amendment Premises and that obtaining the same shall be Tenant's responsibility; provided, however, that Landlord shall cooperate with Tenant in executing permit applications and performing other ministerial acts reasonably necessary to enable Tenant to obtain any such permit or certificate of occupancy.  No changes, modifications or alterations in the Approved Working Drawings may be made without the prior written consent of Landlord, which consent may not be unreasonably withheld, conditioned or delayed.
3.5 Tenant’s Plans.  Landlord acknowledges and agrees that any architectural plans, layouts, and drawings (individually and collectively, "Lyft Drawings") may be used by Landlord solely in connection with and for the build-out of the Fifth Amendment Premises and future reference or use as may be required in the normal course of owning and operating a commercial office building, and for no other purpose.  Nothing in the Lease or this Fifth Amendment shall be construed as granting any rights under any copyright or other intellectual property right of any nature of Tenant in and to the Lyft Drawings, and Landlord acknowledges that Landlord has no ownership rights to the Lyft Drawings.
3.6 Change Orders.  In the event Tenant desires to make any material changes to the Approved Working Drawings, Tenant shall deliver written notice (the "Drawing Change Notice") of the same to Landlord (which Landlord may require to be on a standard AIA Change Order form), setting forth in detail the proposed changes (the "Tenant Change") Tenant desires to make to the Approved Working Drawings.  Within three (3) business days following receipt of a Drawing Change Notice, Landlord shall deliver written notice to Tenant of either (i) Landlord's approval of the proposed Tenant Change, or (ii) its disapproval of the proposed Tenant Change (not to be unreasonably withheld, conditioned or delayed, in accordance with Landlord's rights under Section 3.3 of this Fifth Amendment Premises Work Letter) specifying in reasonably sufficient detail the reasons for Landlord's disapproval.  If Landlord fails to notify Tenant of Landlord's approval or disapproval of any such Tenant Change within such three (3) business day period, Tenant shall have the right to provide Landlord with a second written request for approval (a "Tenant Change Second Request") that specifically identifies the Tenant Change and contains the following statement in bold and capital letters: "THIS IS A SECOND REQUEST FOR APPROVAL PURSUANT TO THE PROVISIONS OF SECTION 3.6 OF THE WORK LETTER ATTACHED TO THE FIFTH AMENDMENT TO LEASE.  IF LANDLORD FAILS TO RESPOND WITHIN FIVE (5) BUSINESS DAYS AFTER RECEIPT OF THIS NOTICE, THEN LANDLORD SHALL BE DEEMED TO HAVE APPROVED THE TENANT CHANGE."  If Landlord fails to respond to such Tenant Change Second Request within five (5) business days after receipt by Landlord, the Tenant change in question shall be deemed approved by Landlord.  Tenant shall pay all additional costs and fees, if any, attributable to such Tenant Change, subject to application of the Fifth Amendment Premises Improvement Allowance.
SECTION 4
CONSTRUCTION OF THE FIFTH AMENDMENT PREMISES IMPROVEMENTS
4.1 Tenant's Selection of Contractors.
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

7

4.1.1 The Contractor.  A general contractor shall be retained by Tenant to construct the Fifth Amendment Premises Improvements.  Such general contractor ("Contractor") shall be selected by Tenant and reasonably approved by Landlord.  Landlord hereby approves NOVO Construction as the Contractor.
4.1.2 Tenant's Agents.  All subcontractors, laborers, materialmen, and suppliers used by Tenant (such subcontractors, laborers, materialmen, and suppliers, and the Contractor to be known collectively as "Tenant's Agents") must be approved in writing by Landlord, which approval shall not be unreasonably withheld or delayed.  If Landlord does not approve any of Tenant's proposed subcontractors, laborers, materialmen or suppliers, Tenant shall submit other proposed subcontractors, laborers, materialmen or suppliers for Landlord's written approval.  All of Tenant's Agents retained directly by Tenant shall all be union labor in compliance with the then existing master labor agreements.
4.2 Construction of Fifth Amendment Premises Improvements by Tenant's Agents.
4.2.1 Construction Contract; Cost Budget.  Tenant shall engage the Contractor under a contract in a form reasonably approved by Landlord (collectively, the "Contract").  Landlord's failure to respond to Tenant's request for approval of the Contract within five (5) business days shall constitute Landlord's deemed approval of the Contract.  Prior to the commencement of the construction of the Fifth Amendment Premises Improvements, Tenant shall provide a copy of the Contract to Landlord for its records.  In addition, prior to the commencement of the construction of the Fifth Amendment Premises Improvements, and after Tenant has accepted all bids for the Fifth Amendment Premises Improvements, Tenant shall provide Landlord with a detailed breakdown, by trade, of the final costs to be incurred or which have been incurred, as set forth more particularly in Sections 2.2.1.1 through 2.2.1.9, above, in connection with the design and construction of the Fifth Amendment Premises Improvements to be performed by or at the direction of Tenant or the Contractor, which costs form a basis for the amount of the Contract (the "Final Costs").  
4.2.1.1 Intentionally Deleted.  
4.2.1.2 Lump Sum Disbursement Option.  If Tenant elects to receive a lump sum disbursement of the Fifth Amendment Premises Improvement Allowance pursuant to Section 2.2.2 above, then Tenant shall be solely responsible for the timely payment of all Final Costs (subject to reimbursement from the Fifth Amendment Premises Improvement Allowance pursuant to Section 2.2.2 above), and in the event that, after the Final Costs have been delivered by Tenant to Landlord, the costs relating to the design and construction of the Fifth Amendment Premises Improvements shall change, any additional costs necessary to such design and construction in excess of the Fifth Amendment Premises Improvement Allowance, shall be paid by Tenant out of its own funds.
4.2.2 Tenant's Agents.
4.2.2.1   Landlord's General Conditions for Tenant's Agents and Improvement Work.  Tenant's and Tenant's Agent's construction of the Fifth Amendment Premises Improvements shall comply with the following:  (i) the Fifth Amendment Premises Improvements shall be constructed in strict accordance with the Approved Working Drawings; (ii) Tenant's Agents shall submit schedules of all work relating to the Fifth Amendment Premises Improvements to Contractor and Contractor shall, within five (5) business days of receipt thereof, inform Tenant's Agents of any changes which are necessary thereto, and Tenant's Agents shall adhere to such corrected schedule; and (iii) Tenant shall abide by all rules made by Landlord's Building manager with respect to the use of freight, loading dock and service elevators, storage of materials, coordination of work with the contractors of other tenants, and any other matter in connection with this Fifth Amendment Premises Work Letter, including, without limitation, the construction of the Fifth Amendment Premises Improvements.  Tenant shall pay a logistical coordination fee (the "Coordination Fee") to Landlord in an amount equal to the product of (A) one and one-half percent (1.5%), and (B) the total amount of the hard costs of the Fifth Amendment Premises Improvements, 
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

8

which Coordination Fee shall be for services relating to the coordination of the construction of the Fifth Amendment Premises Improvements.
4.2.2.2   Indemnity.  Tenant's indemnity of Landlord as set forth in the Lease (as amended) shall also apply with respect to any and all costs, losses, damages, injuries and liabilities related in any way to any act or omission of Tenant or Tenant's Agents, or anyone directly or indirectly employed by any of them, or in connection with Tenant's non-payment of any amount arising out of the Fifth Amendment Premises Improvements and/or Tenant's disapproval of all or any portion of any request for payment.  Such indemnity by Tenant, as set forth in the Lease (as amended), shall also apply with respect to any and all costs, losses, damages, injuries and liabilities related in any way to Landlord's performance of any ministerial acts (including execution of any documents pursuant to the last two sentences of Section 4.3 below) reasonably necessary (i) to permit Tenant to complete the Fifth Amendment Premises Improvements, and (ii) to enable Tenant to obtain any building permit or certificate of occupancy for the Fifth Amendment Premises.  The foregoing indemnity shall not apply to claims to the extent caused by the willful misconduct of Landlord, its member partners, shareholders, officers, directors, or employees.  
4.2.2.3   Requirements of Tenant's Agents.  Each of Tenant's Agents shall guarantee to Tenant and for the benefit of Landlord that the portion of the Fifth Amendment Premises Improvements for which it is responsible shall be free from any defects in workmanship and materials for a period of not less than one (1) year from the date of completion thereof.  Each of Tenant's Agents shall be responsible for the replacement or repair, without additional charge, of all work done or furnished in accordance with its contract that shall become defective within one (1) year after the later to occur of (i) completion of the work performed by such contractor or subcontractors and (ii) the Suite 3800 and 3512 Commencement Date.  The correction of such work shall include, without additional charge, all additional expenses and damages incurred in connection with such removal or replacement of all or any part of the Fifth Amendment Premises Improvements, and/or the Building and/or common areas that may be damaged or disturbed thereby.  All such warranties or guarantees as to materials or workmanship of or with respect to the Fifth Amendment Premises Improvements shall be contained in the Contract or subcontract and shall be written such that such guarantees or warranties shall inure to the benefit of both Landlord and Tenant, as their respective interests may appear, and can be directly enforced by either.  Tenant covenants to give to Landlord any assignment or other assurances which may be necessary to effect such right of direct enforcement.
4.2.2.4   Insurance Requirements.
4.2.2.4.1  General Coverages.  All of Tenant's Agents shall carry worker's compensation insurance covering all of their respective employees, and shall also carry commercial general liability insurance, including property damage, all with limits, in form and with companies as are required to be carried by Tenant as set forth in the Lease (as amended).
4.2.2.4.2  Special Coverages.  Tenant shall cause its general contractor to carry "Builder's All Risk" insurance in an amount approved by Landlord covering the construction of the Fifth Amendment Premises Improvements, and such other insurance as Landlord may require, it being understood and agreed that the Fifth Amendment Premises Improvements shall be insured by Tenant pursuant to the Lease (as amended) immediately upon completion thereof.  Such insurance shall be in amounts and shall include such extended coverage endorsements as may be reasonably required by Landlord including, but not limited to, the requirement that all of Tenant's Agents shall carry excess liability and Products and Completed Operation Coverage insurance, each in amounts not less than $5,000,000 per incident, $5,000,000 in aggregate, and in form and with companies as are required to be carried by Tenant as set forth in the Lease (as amended).
4.2.2.4.3  General Terms.  Certificates for all insurance carried pursuant to this Section 4.2.2.4 shall be delivered to Landlord before the commencement of construction of the Fifth Amendment 
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

9

Premises Improvements and before the Contractor's equipment is moved onto the site.  Tenant will give Landlord thirty (30) days prior written notice of any cancellation or lapse of the effective date or any reduction in the amounts of such insurance.  In the event that the Fifth Amendment Premises Improvements are damaged by any cause during the course of the construction thereof, Tenant shall immediately repair the same at Tenant's sole cost and expense.  Tenant's Agents shall maintain all of the foregoing insurance coverage in force until the Fifth Amendment Premises Improvements are fully completed and accepted by Landlord, except for any Products and Completed Operation Coverage insurance required by Landlord, which is to be maintained for ten (10) years following completion of the work and acceptance by Landlord and Tenant.  All policies carried under this Section 4.2.2.4 shall insure Landlord and Tenant, as their interests may appear, as well as Contractor and Tenant's Agents.  All insurance, except Workers' Compensation, maintained by Tenant's Agents shall preclude subrogation claims by the insurer against anyone insured thereunder.  Such insurance shall provide that it is primary insurance as respects the owner and that any other insurance maintained by owner is excess and noncontributing with the insurance required hereunder.  The requirements for the foregoing insurance shall not derogate from the provisions for indemnification of Landlord by Tenant under Section 4.2.2.2 of this Fifth Amendment Premises Work Letter.  
4.2.3 Governmental Compliance.  The Fifth Amendment Premises Improvements shall comply in all respects with the following:  (i) the Code and other state, federal, city or quasi-governmental laws, codes, ordinances and regulations (specifically including, without limitation, any OSHA requirements) as each may apply according to the rulings of the controlling public official, agent or other person; (ii) applicable standards of the American Insurance Association (formerly, the National Board of Fire Underwriters) and the National Electrical Code; and (iii) building material manufacturer's specifications.  In the event any of the Fifth Amendment Premises Improvements require or give rise to governmentally required changes to the Base Building (specifically including, without limitation, the installation of any venting or other air-removal/circulation system), then Landlord shall notify Tenant of the need and cost for such changes, and Tenant may elect to either: (A) value engineer the Final Working Drawings so as to reduce or eliminate such cost, (B) pay the cost of such required changes in advance upon receipt of notice thereof, and if Tenant elects to pay such costs for the required change, then Tenant shall also pay all direct architectural and/or engineering fees in connection with such Base Building changes, plus one and one-half percent (11⁄2%) of such direct costs for Landlord's servicing and overhead.  
4.2.4 Inspection by Landlord.  Landlord shall have the right to inspect the Fifth Amendment Premises Improvements at all times, provided however, that Landlord's failure to inspect the Fifth Amendment Premises Improvements shall in no event constitute a waiver of any of Landlord's rights hereunder nor shall Landlord's inspection of the Fifth Amendment Premises Improvements constitute Landlord's approval of the same.  Should Landlord disapprove any portion of the Fifth Amendment Premises Improvements, Landlord shall notify Tenant in writing of such disapproval and shall specify the items disapproved.  Any defects or deviations in, and/or disapproval by Landlord of, the Fifth Amendment Premises Improvements shall be rectified by Tenant at no expense to Landlord, provided however, that in the event Landlord determines that a defect or deviation exists or disapproves of any matter in connection with any portion of the Fifth Amendment Premises Improvements and such defect, deviation or matter might adversely affect the mechanical, electrical, plumbing, heating, ventilating and air conditioning or life-safety systems of the Building, the structure or exterior appearance of the Building or any other tenant's use of such other tenant's leased premises, Landlord may, upon three (3) business days prior written notice to take such action as Landlord reasonably deems necessary, at Tenant's expense and without incurring any liability on Landlord's part, to correct any such defect, deviation and/or matter, including, without limitation, causing the cessation of performance of the construction of the Fifth Amendment Premises Improvements until such time as the defect, deviation and/or matter is corrected to Landlord's reasonable satisfaction.
4.2.5 Meetings.  Within ninety (90) days following the execution of this Fifth Amendment, or as soon as practical thereafter, Tenant shall hold weekly meetings at a reasonable time, with the Architect and the Contractor regarding the progress of the preparation of Construction Drawings and the construction of the Fifth Amendment Premises Improvements, which meetings shall be held at a location reasonably acceptable to Landlord, 
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

10

and Landlord and/or its agents shall receive prior notice of, and shall have the right to attend, all such meetings, and, upon Landlord's request, certain of Tenant's Agents shall attend such meetings.  In addition, minutes shall be taken at all such meetings, a copy of which minutes shall be promptly delivered to Landlord.  Following commencement of construction of the Fifth Amendment Premises Improvements, one such meeting each month shall include the review of Contractor's current request for payment.
4.3 Notice of Completion; Copy of Record Set of Plans.  Within ten (10) business days after completion of construction of the Fifth Amendment Premises Improvements, Tenant shall cause a Notice of Completion to be recorded in the office of the Recorder of the county in which the Building is located in accordance with Section 8182 of the Civil Code of the State of California or any successor statute, and shall furnish a copy thereof to Landlord upon such recordation.  If Tenant fails to do so, Landlord may execute and file the same as Tenant's agent for such purpose, at Tenant's sole cost and expense.  At the conclusion of construction, (i) Tenant shall cause the Architect and Contractor (A) to update the Approved Working Drawings as necessary to reflect all changes made to the Approved Working Drawings during the course of construction, (B) to certify to the best of their knowledge that the "record-set" of as-built drawings are true and correct, which certification shall survive the expiration or termination of the Lease (as amended), and (C) to deliver to Landlord two (2) electronic CAD's and two (2) full-size sets of copies of such record set of drawings within ninety (90) days following issuance of a certificate of occupancy for the Fifth Amendment Premises, and (ii) Tenant shall deliver to Landlord a copy of all warranties, guaranties, and operating manuals and information relating to the improvements, equipment, and systems in the Fifth Amendment Premises.  Within fifteen (15) days after request by Tenant following the substantial completion of the Fifth Amendment Premises Improvements, Landlord will acknowledge its approval of the Fifth Amendment Premises Improvements (provided that such approval has been granted) by placing its signature on a Contractor’s Certificate of Substantial Completion fully executed by the Architect, Contractor and Tenant.  Landlord’s approval shall not create any contingent liabilities or impose any responsibility for Landlord with respect to any latent quality, completeness, design sufficiency, means and methods of construction, Code compliance or other like matters that may arise subsequent to Landlord’s approval.
SECTION 5
MISCELLANEOUS
5.1 Tenant's Representative.  Tenant has designated Matt Mohamed as its sole representative with respect to the matters set forth in this Fifth Amendment Premises Work Letter, who shall have full authority and responsibility to act on behalf of the Tenant as required in this Fifth Amendment Premises Work Letter.
5.2 Landlord's Representative.  Landlord has designated Ms. Jane Echlin as its sole representative with respect to the matters set forth in this Fifth Amendment Premises Work Letter, who, until further notice to Tenant, shall have full authority and responsibility to act on behalf of the Landlord as required in this Fifth Amendment Premises Work Letter.
5.3 Time of the Essence in This Fifth Amendment Premises Work Letter.  Unless otherwise indicated, all references herein to a "number of days" shall mean and refer to calendar days.  If any item requiring approval is timely disapproved by Landlord, the procedure for preparation of the document and approval thereof shall be repeated until the document is approved by Landlord.
5.4 Tenant's Lease Default.  Notwithstanding any provision to the contrary contained in the Lease or this Fifth Amendment Premises Work Letter, if any monetary or material non-monetary Default by Tenant under the Lease or default under this Fifth Amendment Premises Work Letter occurs at any time on or before the substantial completion of the Fifth Amendment Premises Improvements and such default remains uncured five (5) days following Landlord's notice of such default to Tenant, then in addition to all other rights and remedies granted to 
												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

11

Landlord pursuant to the Lease, Landlord shall have the right to withhold payment of all or any portion of the Fifth Amendment Premises Improvement Allowance and/or Landlord may, without any liability whatsoever, cause the cessation of construction of the Fifth Amendment Premises Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Fifth Amendment Premises Improvements and any costs occasioned thereby).

												
	Landlord's initials /s/ K.W.
		Tenant's initials _______________	
		EXHIBIT B
		CHINA BASIN
Fifth Amendment
Lyft, Inc.

12

EXHIBIT C
CHINA BASIN
ARCHITECT’S CERTIFICATE REGARDING RE-MEASUREMENT

									
		EXHIBIT C
	

CHINA BASIN
Fifth Amendment
Lyft, Inc.

1EX-4.1

 Exhibit 4.1 

[Form of Indenture] 

WESTLAKE CHEMICAL PARTNERS LP 

and 
 WLKP FINANCE
CORP., 
 as Issuers 

and 

[                    ], 

as Trustee 
 INDENTURE

 Dated as of
                     

Debt Securities 

 CROSS-REFERENCE TABLE 

 

			
	 TIA Section
	  	 Indenture Section

	310 (a)	  	7.10
	(b)	  	7.10
	(c)	  	N.A.
	311 (a)	  	7.11
	(b)	  	7.11
	(c)	  	N.A.
	312 (a)	  	5.01
	(b)	  	5.02
	(c)	  	5.02
	313 (a)	  	5.03
	(b)	  	5.03
	(c)	  	13.03
	(d)	  	5.03
	314 (a)	  	4.05
	(b)	  	N.A.
	(c)(1)	  	13.05
	(c)(2)	  	13.05
	(c)(3)	  	N.A.
	(d)	  	N.A.
	(e)	  	13.05
	(f)	  	N.A.
	315 (a)	  	7.01
	(b)	  	6.07 & 13.03
	(c)	  	7.01
	(d)	  	7.01
	(e)	  	6.08
	316 (a) (last sentence)	  	1.01
	(a)(1)(A)	  	6.06
	(a)(1)(B)	  	6.06
	(a)(2)	  	9.01(d)
	(b)	  	6.04
	(c)	  	5.04
	317 (a)(1)	  	6.02
	(a)(2)	  	6.02
	(b)	  	4.04
	318 (a)	  	13.07

 N.A. means Not Applicable 

NOTE: This Cross-Reference table shall not, for any purpose, be deemed part of this Indenture. 

  
 i 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I
	  

	 DEFINITIONS AND INCORPORATION BY REFERENCE
	  

			
	 Section 1.01
	 	Definitions	  	 	1	 
	 Section 1.02
	 	Other Definitions	  	 	6	 
	 Section 1.03
	 	Incorporation by Reference of Trust Indenture Act	  	 	6	 
	 Section 1.04
	 	Rules of Construction	  	 	6	 
	
	 ARTICLE II
	  

	 DEBT SECURITIES
	  

			
	 Section 2.01
	 	Forms Generally	  	 	7	 
	 Section 2.02
	 	Form of Trustee’s Certificate of Authentication	  	 	7	 
	 Section 2.03
	 	Principal Amount; Issuable in Series	  	 	8	 
	 Section 2.04
	 	Execution of Debt Securities	  	 	10	 
	 Section 2.05
	 	Authentication and Delivery of Debt Securities	  	 	10	 
	 Section 2.06
	 	Denomination of Debt Securities	  	 	12	 
	 Section 2.07
	 	Registration of Transfer and Exchange	  	 	12	 
	 Section 2.08
	 	Temporary Debt Securities	  	 	13	 
	 Section 2.09
	 	Mutilated, Destroyed, Lost or Stolen Debt Securities	  	 	14	 
	 Section 2.10
	 	Cancellation of Surrendered Debt Securities	  	 	14	 
	 Section 2.11
	 	Provisions of the Indenture and Debt Securities for the Sole Benefit of the Parties and the Holders	  	 	15	 
	 Section 2.12
	 	Payment of Interest; Interest Rights Preserved	  	 	15	 
	 Section 2.13
	 	Securities Denominated in Dollars	  	 	15	 
	 Section 2.14
	 	Wire Transfers	  	 	15	 
	 Section 2.15
	 	Securities Issuable in the Form of a Global Security	  	 	16	 
	 Section 2.16
	 	Medium Term Securities	  	 	18	 
	 Section 2.17
	 	Defaulted Interest	  	 	18	 
	 Section 2.18
	 	CUSIP Numbers	  	 	19	 
	
	 ARTICLE III
	  

	 REDEMPTION OF DEBT SECURITIES
	  

			
	 Section 3.01
	 	Applicability of Article	  	 	20	 
	 Section 3.02
	 	Notice of Redemption; Selection of Debt Securities	  	 	20	 
	 Section 3.03
	 	Payment of Debt Securities Called for Redemption	  	 	21	 
	 Section 3.04
	 	Mandatory and Optional Sinking Funds	  	 	22	 
	 Section 3.05
	 	Redemption of Debt Securities for Sinking Fund	  	 	22	 
	
	 ARTICLE IV
	  

	 PARTICULAR COVENANTS OF THE ISSUERS
	  

			
	 Section 4.01
	 	Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities	  	 	23	 

  
 ii 

							
	 Section 4.02
	 	Maintenance of Offices or Agencies for Registration of Transfer, Exchange and Payment of Debt Securities	  	 	24	 
	 Section 4.03
	 	Appointment to Fill a Vacancy in the Office of Trustee	  	 	24	 
	 Section 4.04
	 	Duties of Paying Agents, etc.	  	 	24	 
	 Section 4.05
	 	SEC Reports; Financial Statements	  	 	25	 
	 Section 4.06
	 	Compliance Certificate	  	 	26	 
	 Section 4.07
	 	Further Instruments and Acts	  	 	26	 
	 Section 4.08
	 	Existence	  	 	26	 
	 Section 4.09
	 	Maintenance of Properties	  	 	26	 
	 Section 4.10
	 	Payment of Taxes and Other Claims	  	 	27	 
	 Section 4.11
	 	Waiver of Certain Covenants	  	 	27	 
	
	 ARTICLE V
	  

	 HOLDERS’ LISTS AND REPORTS BY THE
TRUSTEE
	  

			
	 Section 5.01
	 	Issuers to Furnish Trustee Information as to Names and Addresses of Holders; Preservation of Information	  	 	27	 
	 Section 5.02
	 	Communications to Holders	  	 	28	 
	 Section 5.03
	 	Reports by Trustee	  	 	28	 
	 Section 5.04
	 	Record Dates for Action by Holders	  	 	28	 
	
	 ARTICLE VI
	  

	 REMEDIES OF THE TRUSTEE AND HOLDERS IN EVENT OF
DEFAULT
	  

			
	 Section 6.01
	 	Events of Default	  	 	29	 
	 Section 6.02
	 	Collection of Debt by Trustee, etc.	  	 	30	 
	 Section 6.03
	 	Application of Moneys Collected by Trustee	  	 	31	 
	 Section 6.04
	 	Limitation on Suits by Holders	  	 	32	 
	 Section 6.05
	 	Remedies Cumulative; Delay or Omission in Exercise of Rights Not a Waiver of Default	  	 	33	 
	 Section 6.06
	 	Rights of Holders of Majority in Principal Amount of Debt Securities to Direct Trustee and to Waive Default	  	 	33	 
	 Section 6.07
	 	Trustee to Give Notice of Events of Defaults Known to It, but May Withhold Such Notice in Certain Circumstances	  	 	34	 
	 Section 6.08
	 	Requirement of an Undertaking to Pay Costs in Certain Suits under the Indenture or Against the Trustee	  	 	34	 
	
	 ARTICLE VII
	  

	 CONCERNING THE TRUSTEE
	  

			
	 Section 7.01
	 	Certain Duties and Responsibilities	  	 	34	 
	 Section 7.02
	 	Certain Rights of Trustee	  	 	36	 
	 Section 7.03
	 	Trustee Not Liable for Recitals in Indenture or in Debt Securities	  	 	37	 
	 Section 7.04
	 	Trustee, Paying Agent or Registrar May Own Debt Securities	  	 	37	 
	 Section 7.05
	 	Moneys Received by Trustee to Be Held in Trust	  	 	37	 
	 Section 7.06
	 	Compensation and Reimbursement	  	 	37	 
	 Section 7.07
	 	Right of Trustee to Rely on an Officers’ Certificate Where No Other Evidence Specifically Prescribed	  	 	38	 
	 Section 7.08
	 	Separate Trustee; Replacement of Trustee	  	 	38	 

  
 iii 

							
	 Section 7.09
	 	Successor Trustee by Merger	  	 	39	 
	 Section 7.10
	 	Eligibility; Disqualification	  	 	40	 
	 Section 7.11
	 	Preferential Collection of Claims Against Issuers	  	 	40	 
	 Section 7.12
	 	Compliance with Tax Laws	  	 	40	 
	
	 ARTICLE VIII
	  

	 CONCERNING THE HOLDERS
	  

			
	 Section 8.01
	 	Evidence of Action by Holders	  	 	40	 
	 Section 8.02
	 	Proof of Execution of Instruments and of Holding of Debt Securities	  	 	40	 
	 Section 8.03
	 	Who May Be Deemed Owner of Debt Securities	  	 	40	 
	 Section 8.04
	 	Instruments Executed by Holders Bind Future Holders	  	 	41	 
	
	 ARTICLE IX
	  

	 SUPPLEMENTAL INDENTURES
	  

			
	 Section 9.01
	 	Purposes for Which Supplemental Indenture May Be Entered into Without Consent of Holders	  	 	41	 
	 Section 9.02
	 	Modification of Indenture with Consent of Holders of Debt Securities	  	 	43	 
	 Section 9.03
	 	Effect of Supplemental Indentures	  	 	44	 
	 Section 9.04
	 	Debt Securities May Bear Notation of Changes by Supplemental Indentures	  	 	44	 
	
	 ARTICLE X
	  

	 CONSOLIDATION, MERGER, SALE OR CONVEYANCE
	  

			
	 Section 10.01
	 	Consolidations and Mergers of the Issuers	  	 	45	 
	 Section 10.02
	 	Rights and Duties of Successor Company	  	 	45	 
	
	 ARTICLE XI
	  

	 SATISFACTION AND DISCHARGE OF
	  

	 INDENTURE; DEFEASANCE; UNCLAIMED MONEYS
	  

			
	 Section 11.01
	 	Applicability of Article	  	 	46	 
	 Section 11.02
	 	Satisfaction and Discharge of Indenture; Defeasance	  	 	46	 
	 Section 11.03
	 	Conditions of Defeasance	  	 	47	 
	 Section 11.04
	 	Application of Trust Money	  	 	48	 
	 Section 11.05
	 	Repayment to Issuers	  	 	48	 
	 Section 11.06
	 	Indemnity for Government Obligations	  	 	48	 
	 Section 11.07
	 	Reinstatement	  	 	48	 
	
	 ARTICLE XII
	  

	 [RESERVED]
	  

	
	 ARTICLE XIII
	  

	 MISCELLANEOUS PROVISIONS
	  

			
	 Section 13.01
	 	Successors and Assigns of Issuers Bound by Indenture	  	 	49	 
	 Section 13.02
	 	Acts of Board, Committee or Officer of Successor Company Valid	  	 	49	 
	 Section 13.03
	 	Required Notices or Demands	  	 	49	 

  
 iv 

							
	 Section 13.04
	 	Indenture and Debt Securities to Be Construed in Accordance with the Laws of the State of New York	  	 	50	 
	 Section 13.05
	 	Officers’ Certificate and Opinion of Counsel to Be Furnished upon Application or Demand by the Issuers	  	 	50	 
	 Section 13.06
	 	Payments Due on Legal Holidays	  	 	50	 
	 Section 13.07
	 	Provisions Required by TIA to Control	  	 	51	 
	 Section 13.08
	 	Computation of Interest on Debt Securities	  	 	51	 
	 Section 13.09
	 	Rules by Trustee, Paying Agent and Registrar	  	 	51	 
	 Section 13.10
	 	No Recourse Against Others	  	 	51	 
	 Section 13.11
	 	Severability	  	 	51	 
	 Section 13.12
	 	Effect of Headings	  	 	51	 
	 Section 13.13
	 	Indenture May Be Executed in Counterparts	  	 	51	 

  

  
 v 

 THIS INDENTURE dated as of
                 is among Westlake Chemical Partners LP, a Delaware limited partnership (the “Partnership”), WLKP Finance Corp., a Delaware corporation
(“Finance Corp.,” and together with the Partnership, the “Issuers”) and [                ], a
                , as trustee (the “Trustee”). 

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 the
Issuers’ debentures, notes, bonds or other evidences of indebtedness to be issued in one or more series unlimited as to principal amount (herein called the “Debt Securities”), 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: 

That in order to declare the terms and conditions upon which the Debt Securities are authenticated, issued and delivered, and in consideration
of the premises, and of the purchase and acceptance of the Debt Securities by the Holders thereof, the Issuers and the Trustee covenant and agree with each other, for the benefit of the respective Holders from time to time of the Debt Securities or
any series thereof, as follows: 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

“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. The Trustee may request and may conclusively rely upon an
Officers’ Certificate to determine whether any Person is an Affiliate of any specified Person. 
 “Agent” means any Registrar
or paying agent. 
 “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 

“Board of Directors” means, (i) with respect to Finance Corp., the board of directors of the corporation or any committee
thereof duly authorized to act on behalf of such board, (ii) with respect to the Partnership, the Board of Directors of the General Partner or any authorized committee of the Board of Directors of the General Partner or any directors and/or
officers of the General Partner to whom such Board of Directors or such committee shall have duly delegated its authority to act hereunder. If the Partnership shall change its form of entity to other than a limited partnership, the references to the
Board of Directors of the General Partner shall mean the Board of Directors (or other comparable governing body) of the Partnership. 

  
 1 

 “Business Day” means any day other than a Legal Holiday. 

“capital stock” of any Person means and includes any and all shares, rights to purchase, warrants or options (whether or not
currently exercisable), participations or other equivalents of or interests in (however designated) the equity (which includes, but is not limited to, common stock, preferred stock and partnership and joint venture interests) of such Person
(excluding any debt securities that are convertible into, or exchangeable for, such equity). 
 “Custodian” means any receiver,
trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
 “Debt” of any Person at any date means any
obligation created or assumed by such Person for the repayment of borrowed money and any guarantee thereof. 
 “Debt Security” or
“Debt Securities” has the meaning stated in the first recital of this Indenture and more particularly means any debt security or debt securities, as the case may be, of any series authenticated and delivered under this Indenture. 

“Default” means any event, act or condition that is, or after notice or the passage of time or both would be, an Event of Default.

 “Depositary” means, unless otherwise specified by the Issuers pursuant to either Section 2.03 or 2.15, with respect to
Debt Securities of any series issuable or issued in whole or in part in the form of one or more Global Securities, The Depository Trust Company, New York, New York, or any successor thereto registered as a clearing agency under the Exchange Act or
other applicable statute or regulations. 
 “Dollar” or “$” means such currency of the United States as at the time of
payment is legal tender for the payment of public and private debts. 
 “Exchange Act” means the Securities Exchange Act of 1934,
as amended, and any successor statute. 
 “Finance Corp.” means the Person named as “Finance Corp.” in the first
paragraph of this instrument until a successor Person shall have become such pursuant to the applicable terms of this Indenture, and thereafter “Finance Corp.” shall mean such successor Person. 

“Floating Rate Security” means a Debt Security that provides for the payment of interest at a variable rate determined periodically
by reference to an interest rate index specified pursuant to Section 2.03. 
 “GAAP” means generally accepted accounting
principles in the United States, as in effect from time to time. 

  
 2 

 “General Partner” means Westlake Chemical Partners GP, LLC, a Delaware limited
liability company, and its successors and permitted assigns as general partner of the general partner of the Partnership or as the business entity with the ultimate authority to manage the business and operations of the Partnership. 

“Global Security” means with respect to any series of Debt Securities issued hereunder, a Debt Security which is executed by the
Issuers and authenticated and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with this Indenture and any Indentures supplemental hereto, or resolution of the Board of Directors and set
forth in an Officers’ Certificate, which shall be registered in the name of the Depositary or its nominee and which shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all the Outstanding Debt
Securities of such series or any portion thereof, in either case having the same terms, including, without limitation, the same original issue date, date or dates on which principal is due and interest rate or method of determining interest. 

“guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Debt or other
obligation of any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation of such other Person
(whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain
financial statement conditions or otherwise) or (b) entered into for purposes of assuring in any other manner the obligee of such Debt or other obligation of the payment thereof or to protect such obligee against loss in respect thereof (in
whole or in part); provided, however, that the term “guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The term “guarantee” used as a verb has a corresponding meaning. 

“Holder,” “Holder of Debt Securities” or other similar terms means, a Person in whose name a Debt Security is registered
in the Debt Security Register (as defined in Section 2.07(a)). 
 “Indenture” means this instrument as originally executed,
or, if amended or supplemented as herein provided, as so amended or supplemented and shall include the form and terms of particular series of Debt Securities as contemplated hereunder, whether or not a supplemental Indenture is entered into with
respect thereto. 
 “Issuers” means the Partnership and Finance Corp. 

“Issuer Order” means a written request or order signed on behalf of each of the Issuers by one of its Officers and delivered to the
Trustee. 
 “Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in Houston, Texas, the City of New
York, New York or at a Place of Payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday at a Place of Payment, payment may be made at that place on the next succeeding day that is not a
Legal Holiday, and no interest shall accrue for the intervening period. 

  
 3 

 “Lien” means, with respect to any asset, any mortgage, lien, security interest,
pledge, charge or other encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law. 

“Officer” means, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief
Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice President of such Person (or, if such Person is a limited partnership, the general partner of such Person, except it
shall be the General Partner in the case of the Partnership so long as it is a limited partnership). 
 “Officers’
Certificate” means a certificate signed on behalf of each Issuer by any two of its Officers, one of whom must be the principal executive officer, the principal financial officer or the principal accounting officer of such Issuer, that meets the
requirements of Section 13.05 hereof. 
 “Opinion of Counsel” means a written opinion from legal counsel who is acceptable to
the Trustee. The counsel may be an employee of or counsel to the Partnership or the Trustee. 
 “Original Issue Discount Debt
Security” means any Debt 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 6.01. 

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

	 	(a)	 Debt Securities of that series theretofore canceled by the Trustee or delivered to the Trustee for
cancellation; 

  

	 	(b)	 Debt Securities of that series for whose payment or redemption money in the necessary amount has been
theretofore deposited with the Trustee or any paying agent (other than an Issuer) in trust or set aside and segregated in trust by the Issuers (if an Issuer shall act as its own paying agent) for the Holders of such Debt Securities; provided, that,
if such Debt 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; and 

 

	 	(c)	 Debt Securities of that series which have been paid pursuant to Section 2.09 or in exchange for or in lieu
of which other Debt Securities have been authenticated and delivered pursuant to this Indenture, other than any such Debt Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Debt
Securities are held by a protected purchaser in whose hands such Debt Securities are valid obligations of the Issuers; 

 provided,
however, that in determining whether the Holders of the requisite principal amount of the Outstanding Debt Securities of any series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, Debt Securities owned
by either of the Issuers or any other obligor upon the Debt Securities or any Affiliate of the Partnership or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether

  
 4 

 
the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Debt Securities which a Trust Officer actually knows to be so
owned shall be so disregarded. Debt 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 Debt
Securities and that the pledgee is not an Issuer or any other obligor upon the Debt Securities or an Affiliate of the Partnership or of such other obligor. In determining whether the Holders of the requisite principal amount of Outstanding Debt
Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of an Original Issue Discount Debt Security that shall be deemed to be Outstanding for such purposes shall be the amount
of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the maturity thereof pursuant to Section 6.01. 

“Partnership” means the Person named as the “Partnership” 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 “Partnership” shall mean such successor Person. 

“Person” means any individual, corporation, partnership, joint venture, limited liability company, incorporated or unincorporated
association, joint-stock company, trust, unincorporated organization or government or other agency or political subdivision thereof or other entity of any kind. 

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

“Securities Act” means the Securities Act of 1933, as amended, and any successor statute. 

“Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on which the payment of
principal of such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of such security at the option of the holder thereof upon the happening of any
contingency beyond the control of the issuer unless such contingency has occurred). 
 “Subsidiary” of any Person means: 

 

	 	(1)	 any corporation, association or other business entity of which more than 50% of the total voting power of
equity interests entitled, without regard to the occurrence of any contingency, to vote in the election of directors, managers, trustees or equivalent Persons thereof is at the time of determination owned or controlled, directly or indirectly, by
such Person or one or more of the other Subsidiaries of such Person or combination thereof; or 

  

	 	(2)	 in the case of a partnership, more than 50% of the partners’ equity interests, considering all
partners’ equity interests as a single class, is at such time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of such Person or combination thereof. 

  
 5 

 “TIA” means the Trust Indenture Act of 1939, as amended (15 U.S.C. §§
77aaa-77bbbb), as in effect on the date of this Indenture as originally executed and, to the extent required by law, as amended. 

“Trustee” initially means [                ] and any
other Person or Persons appointed as such from time to time pursuant to Section 7.08, and, subject to the provisions of Article VII, includes its or their successors and assigns. If at any time there is more than one such Person,
“Trustee” as used with respect to the Debt Securities of any series shall mean the Trustee with respect to the Debt Securities of that series. 

“Trust Officer” means any officer or assistant officer of the Trustee assigned by the Trustee to administer its corporate trust
matters. 
 “United States” means the United States of America (including the States and the District of Columbia), its
territories, its possessions and other areas subject to its jurisdiction. 
 “U.S. Government Obligations” means direct
obligations of the United States of America, obligations on which the payment of principal and interest is fully guaranteed by the United States of America or obligations or guarantees for the payment of which the full faith and credit of the United
States of America is pledged. 
 “Yield to Maturity” means the yield to maturity, calculated at the time of issuance of a series
of Debt Securities, or, if applicable, at the most recent redetermination of interest on such series and calculated in accordance with accepted financial practice. 

Section 1.02 Other Definitions. 
  

					
	 Term
	  	Defined in Section	 
	 “Debt Security Register”
	  	 	2.07	 
	 “Defaulted Interest”
	  	 	2.17	 
	 “Event of Default”
	  	 	6.01	 
	 “Place of Payment”
	  	 	2.03	 
	 “Registrar”
	  	 	2.07	 
	 “Successor Company”
	  	 	10.01	 

 Section 1.03 Incorporation by Reference of Trust Indenture Act. Whenever this Indenture refers to
a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. 
 All terms used in this Indenture
that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to them. 

Section 1.04 Rules of Construction. Unless the context otherwise requires: 

 

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

 

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

  
 6 

	 	(c)	 “or” is not exclusive; 

 

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

 

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

 

	 	(f)	 the principal amount of any noninterest bearing or other discount security at any date shall be the principal
amount thereof that would be shown on a balance sheet of the issuer dated such date prepared in accordance with GAAP. 

ARTICLE II 
 DEBT
SECURITIES 
 Section 2.01 Forms Generally. The Debt Securities of each series shall be in substantially the form
established without the approval of any Holder by or pursuant to a resolution of the Board of Directors of each Issuer 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 the Issuers may deem appropriate (and, if not contained in a
supplemental Indenture entered into in accordance with Article IX, as are not prohibited by the provisions of this Indenture) or as may be required or appropriate to comply with any law or with any rules made pursuant thereto or with any rules of
any securities exchange on which such series of Debt Securities may be listed, or to conform to general usage, or as may, consistently herewith, be determined by the officers executing such Debt Securities as evidenced by their execution of the Debt
Securities. 
 The definitive Debt Securities of each series shall be printed, lithographed or engraved on steel engraved borders or may be
produced in any other manner, all as determined by the officers executing such Debt Securities, as evidenced by their execution of such Debt Securities. 

Section 2.02 Form of Trustee’s Certificate of Authentication. The Trustee’s certificate of authentication
on all Debt Securities authenticated by the Trustee shall be in substantially the following form: TRUSTEE’S CERTIFICATE OF AUTHENTICATION  

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

 

			
	[                                 ],
	as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 7 

 Section 2.03 Principal Amount; Issuable in Series. The aggregate principal
amount of Debt Securities which may be issued, executed, authenticated, delivered and outstanding under this Indenture is unlimited. 
 The
Debt Securities may be issued in one or more series in fully registered form. There shall be established, without the approval of any Holders, in or pursuant to a resolution of the Board of Directors of each Issuer and set forth in an Officers’
Certificate, or established in one or more Indentures supplemental hereto, prior to the issuance of Debt Securities of any series any or all of the following: 

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

 (b) any limit upon the aggregate principal amount of the Debt Securities of the series which may be authenticated and delivered under this
Indenture (except for Debt Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Debt Securities of the series pursuant to this Article II); 

(c) the date or dates on which the principal of and premium, if any, on the Debt Securities of the series are payable; 

(d) the rate or rates (which may be fixed or variable) at which the Debt Securities of the series shall bear interest, if any, or the method of
determining such rate or rates, the date or dates from which such interest shall accrue, the interest payment dates on which such interest shall be payable, or the method by which such date will be determined, the record dates for the determination
of Holders thereof to whom such interest is payable; and the basis upon which interest will be calculated if other than that of a 360-day year of twelve thirty-day
months; 
 (e) the place or places, if any, in addition to or instead of the corporate trust office of the Trustee, where the principal of,
and premium, if any, and interest on, Debt Securities of the series shall be payable (“Place of Payment”); 
 (f) the price or
prices at which, the period or periods within which and the terms and conditions upon which Debt Securities of the series may be redeemed, in whole or in part, at the option of the Issuers or otherwise; 

(g) the obligation, if any, of the Issuers to redeem, purchase or repay Debt Securities of the series pursuant to any sinking fund or analogous
provisions or at the option of a Holder thereof, and the price or prices at which and the period or periods within which and the terms and conditions upon which Debt Securities of the series shall be redeemed, purchased or repaid, in whole or in
part, pursuant to such obligations; 
 (h) the terms, if any, upon which the Debt Securities of the series may be convertible into or
exchanged for capital stock (which may be represented by depositary shares), other Debt Securities or warrants for capital stock or Debt or other securities of any kind of either of the Issuers or any other obligor and the terms and conditions upon
which such conversion or exchange shall be effected, including the initial conversion or exchange price or rate, the conversion or exchange period and any other provision in addition to or in lieu of those described herein; 

  
 8 

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

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

(l) any changes or additions to Article XI, including the addition of additional covenants that may be subject to the covenant defeasance
option pursuant to Section 11.02(b); 
 (m) if other than the principal amount thereof, the portion of the principal amount of Debt
Securities of the series which shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.01 or provable in bankruptcy pursuant to Section 6.02; 

(n) the terms, if any, of the transfer, mortgage, pledge or assignment as security for the Debt Securities of the series of any properties,
assets, moneys, proceeds, securities or other collateral, including whether certain provisions of the TIA are applicable and any corresponding changes to provisions of this Indenture as currently in effect; 

(o) any addition to or change in the Events of Default with respect to the Debt Securities of the series and any change in the right of the
Trustee or the Holders to declare the principal of, and premium and interest on, such Debt Securities due and payable; 
 (p) if the Debt
Securities of the series shall be issued in whole or in part in the form of a Global Security or Securities, the terms and conditions, if any, upon which such Global Security or Securities may be exchanged in whole or in part for other individual
Debt Securities in definitive registered form; and the Depositary for such Global Security or Securities and the form of any legend or legends to be borne by any such Global Security or Securities in addition to or in lieu of the legend referred to
in Section 2.15(a); 
 (q) any trustees, authenticating or paying agents, transfer agents or registrars; 

(r) the applicability of, and any addition to or change in the covenants and definitions currently set forth in this Indenture or in the terms
currently set forth in Article X, including conditioning any merger, conveyance, transfer or lease permitted by Article X upon the satisfaction of any Debt coverage standard by the Issuers and Successor Company (as defined in Article X); 

(s) with regard to Debt Securities of the series that do not bear interest, the dates for certain required reports to the Trustee; and 

  
 9 

 (t) any other terms of the Debt Securities of the series (which terms shall not be
prohibited by the provisions of this Indenture). 
 All Debt Securities of any one series shall be substantially identical except as to
denomination and except as may otherwise be provided in or pursuant to such resolution of the Board of Directors and as set forth in such Officers’ Certificate or in any such Indenture supplemental hereto. 

Section 2.04 Execution of Debt Securities. The Debt Securities shall be signed on behalf of each of the Issuers by at least one of
its Officers. Such signatures upon the Debt Securities may be the manual or facsimile signatures of the present or any future such authorized officers and may be imprinted or otherwise reproduced on the Debt Securities. Only such Debt Securities as
shall bear thereon a certificate of authentication substantially in the form hereinbefore recited, signed manually by the Trustee, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the
Trustee upon any Debt Security executed on behalf of each of the Issuers by at least one of its Officers shall be conclusive evidence that the Debt Security so authenticated has been duly authenticated and delivered hereunder. 

In case any Officer of either Issuer who shall have signed any of the Debt Securities shall cease to be such Officer before the Debt
Securities so signed shall have been authenticated and delivered by the Trustee, or disposed of by the Issuers, such Debt Securities nevertheless may be authenticated and delivered or disposed of as though the Person who signed such Debt Securities
had not ceased to be such Officer; and any Debt Security may be signed on behalf of either Issuer by such Persons as, at the actual date of the execution of such Debt Security, shall be the proper Officers of such Issuer, although at the date of
such Debt Security or of the execution of this Indenture any such Person was not such Officer. 
 Section 2.05 Authentication and
Delivery of Debt Securities. At any time and from time to time after the execution and delivery of this Indenture, the Issuers may deliver to the Trustee for authentication Debt Securities of any series executed by the Issuers, and the Trustee
shall thereupon authenticate and deliver said Debt Securities to or upon an Issuer Order. In authenticating such Debt Securities, and accepting the additional responsibilities under this Indenture in relation to such Debt Securities, the Trustee
shall be entitled to receive, and (subject to Section 7.01) shall be fully protected in relying upon: 
 (a) a copy of any
resolution or resolutions of the Board of Directors of each Issuer, certified by the Secretary or Assistant Secretary of each of the General Partner and Finance Corp., authorizing the terms of issuance of any series of Debt Securities; 

(b) an executed supplemental Indenture, if any; 

(c) an Officers’ Certificate; and 

(d) an Opinion of Counsel prepared in accordance with Section 13.05 which shall also state: 

  
 10 

 (i) that the form of such Debt Securities has been established by or
pursuant to a resolution of the Board of Directors of each Issuer or by a supplemental Indenture as permitted by Section 2.01 in conformity with the provisions of this Indenture; 

(ii) that the terms of such Debt Securities have been established by or pursuant to a resolution of the Board of Directors or
by a supplemental Indenture as permitted by Section 2.03 in conformity with the provisions of this Indenture; 
 (iii)
that such Debt Securities, when authenticated and delivered by the Trustee 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 except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and rights of acceleration and the
availability of equitable remedies may be limited by equitable principles of general applicability; 
 (iv) that the Issuers
have the power to issue such Debt Securities and has duly taken all necessary action with respect to such issuance; 
 (v)
that the issuance of such Debt Securities will not contravene the organizational documents of the Issuers or result in any material violation of any of the terms or provisions of any law or regulation or of any material indenture, mortgage or other
agreement known to such counsel by which the Issuers are bound; 
 (vi) that authentication and delivery of such Debt
Securities and the execution and delivery of any supplemental Indenture will not violate the terms of this Indenture; and 

(vii) such other matters as the Trustee may reasonably request. 

Such Opinion of Counsel need express no opinion as to whether a court in the United States would render a money judgment in a currency other
than that of the United States. 
 The Trustee shall have the right to decline to authenticate and deliver any Debt Securities under this
Section 2.05 if the Trustee, being advised by counsel, determines that such action may not lawfully be taken or if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors, trustees
or Officers (or any combination thereof) shall determine that such action would expose the Trustee to personal liability to existing Holders. 

The Trustee may appoint an authenticating agent reasonably acceptable to the Issuers to authenticate Debt Securities of any series. Unless
limited by the terms of such appointment, an authenticating agent may authenticate Debt Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An
authenticating agent has the same rights as any Registrar, paying agent or agent for service of notices and demands. 
 Unless otherwise
provided in the form of Debt Security for any series, each Debt Security shall be dated the date of its authentication. 

  
 11 

 Section 2.06 Denomination of Debt Securities. Unless otherwise provided in the
form of Debt Security for any series, the Debt Securities of each series shall be issuable only as fully registered Debt Securities in such Dollar denominations as shall be specified or contemplated by Section 2.03. In the absence of any such
specification with respect to the Debt Securities of any series, the Debt Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof. 

Section 2.07 Registration of Transfer and Exchange. 

(a) The Issuers shall keep or cause to be kept a register for each series of Debt Securities issued hereunder (hereinafter collectively
referred to as the “Debt Security Register”), in which, subject to such reasonable regulations as it may prescribe, the Issuers shall provide for the registration of all Debt Securities and the transfer of Debt Securities as in this
Article II provided. At all reasonable times the Debt Security Register shall be open for inspection by the Trustee. Subject to Section 2.15, upon due presentment for registration of transfer of any Debt Security at any office or agency to be
maintained by the Issuers in accordance with the provisions of Section 4.02, the Issuers shall execute and the Trustee shall authenticate and deliver in the name of the transferee or transferees a new Debt Security or Debt Securities of
authorized denominations for a like aggregate principal amount. In no event may Debt Securities be issued as, or exchanged for, bearer securities. 

Unless and until otherwise determined by the Issuers by resolutions of each Issuer’s Board of Directors, the Debt Security Register shall
be kept at the principal corporate trust office of the Trustee and, for this purpose, the Trustee shall be designated “Registrar.” 

Debt Securities of any series (other than a Global Security, except as set forth below) may be exchanged for a like aggregate principal amount
of Debt Securities of the same series of other authorized denominations. Subject to Section 2.15, Debt Securities to be exchanged shall be surrendered at the office or agency to be maintained by the Issuers as provided in Section 4.02, and
the Issuers shall execute and the Trustee shall authenticate and deliver in exchange therefor the Debt Security or Debt Securities which the Holder making the exchange shall be entitled to receive. 

(b) All Debt Securities presented or surrendered for registration of transfer, exchange or payment shall (if so required by the Issuers, the
Trustee or the Registrar) be duly endorsed or be accompanied by a written instrument or instruments of transfer, in form satisfactory to the Issuers, the Trustee and the Registrar, duly executed by the Holder or his attorney duly authorized in
writing. 
 All Debt Securities issued in exchange for or upon transfer of Debt Securities shall be the valid obligations of the Issuers,
evidencing the same debt, and entitled to the same benefits under this Indenture as the Debt Securities surrendered for such exchange or transfer. 

No service charge shall be made for any exchange or registration of transfer of Debt Securities (except as provided by Section 2.09), but
the Issuers may require payment of a sum sufficient to cover any tax, fee, assessment or other governmental charge that may be imposed in relation thereto, other than those expressly provided in this Indenture to be made at the Issuers’ own
expense or without expense or without charge to the Holders. 

  
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 The Issuers shall not be required (i) to issue, register the transfer of or exchange
any Debt Securities for a period of 15 days next preceding any mailing of notice of redemption of Debt Securities of such series or (ii) to register the transfer of or exchange any Debt Securities selected, called or being called for
redemption, except for the unredeemed portion of any such Debt Securities. 
 Prior to the due presentation for registration of transfer of
any Debt Security, the Issuers, the Trustee, any paying agent or any Registrar may deem and treat the Person in whose name a Debt Security is registered as the absolute owner of such Debt Security for the purpose of receiving payment of or on
account of the principal of, and premium, if any, and (subject to Section 2.12) interest on, such Debt Security and for all other purposes whatsoever, whether or not such Debt Security is overdue, and none of the Issuers, the Trustee, any
paying agent or any Registrar shall be affected by notice to the contrary. 
 None of the Issuers, the Trustee, any agent of the Trustee,
any paying agent or any Registrar 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 2.08 Temporary Debt Securities. Pending the preparation
of definitive Debt Securities of any series, the Issuers may execute and the Trustee shall authenticate and deliver temporary Debt Securities (printed, lithographed, photocopied, typewritten or otherwise produced) of any authorized denomination, and
substantially in the form of the definitive Debt Securities in lieu of which they are issued, in registered form with such omissions, insertions and variations as may be appropriate for temporary Debt Securities, all as may be determined by the
Issuers with the concurrence of the Trustee. Temporary Debt Securities may contain such reference to any provisions of this Indenture as may be appropriate. Every temporary Debt Security shall be executed by the Issuers and be authenticated by the
Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive Debt Securities. 
 If
temporary Debt Securities of any series are issued, the Issuers will cause definitive Debt Securities of such series to be prepared without unreasonable delay. After the preparation of definitive Debt Securities of such series, the temporary Debt
Securities of such series shall be exchangeable for definitive Debt Securities of such series upon surrender of the temporary Debt Securities of such series at the office or agency of the Issuers at a Place of Payment for such series, without charge
to the Holder thereof, except as provided in Section 2.07 in connection with a transfer. Upon surrender for cancellation of any one or more temporary Debt Securities of any series, the Issuers shall execute and the Trustee shall authenticate
and deliver in exchange therefor a like aggregate principal amount of definitive Debt Securities of the same series of authorized denominations and of like tenor. Until so exchanged, temporary Debt Securities of any series shall in all respects be
entitled to the same benefits under this Indenture as definitive Debt Securities of such series. 

  
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 Upon any exchange of a portion of a temporary Global Security for a definitive Global
Security or for the individual Debt Securities represented thereby pursuant to Section 2.07 or this Section 2.08, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the principal amount evidenced
thereby, whereupon the principal amount of such temporary Global Security shall be reduced for all purposes by the amount to be exchanged and endorsed. 

Section 2.09 Mutilated, Destroyed, Lost or Stolen Debt Securities. If (a) any mutilated Debt Security is surrendered to the
Trustee at its corporate trust office or (b) the Issuers and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Debt Security, and there is delivered to the Issuers and the Trustee such security or
indemnity as may be required by them to save each of them and any paying agent harmless, and neither the Issuers nor the Trustee receives notice that such Debt Security has been acquired by a protected purchaser, then the Issuers shall execute and,
upon an Issuer Order, the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Debt Security, a new Debt Security of the same series of like tenor, form, terms and principal amount,
bearing a number not contemporaneously Outstanding. Upon the issuance of any substituted Debt Security, the Issuers or the Trustee may require the payment of a sum sufficient to cover any tax, fee, assessment or other governmental charge that may be
imposed in relation thereto and any other expenses connected therewith. In case any Debt Security which has matured or is about to mature or which has been called for redemption shall become mutilated or be destroyed, lost or stolen, the Issuers
may, instead of issuing a substituted Debt Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Debt Security) if the applicant for such payment shall furnish the Issuers and the Trustee
with such security or indemnity as either may require to save it harmless from all risk, however remote, and, in case of destruction, loss or theft, evidence to the satisfaction of the Issuers and the Trustee of the destruction, loss or theft of
such Debt Security and of the ownership thereof. 
 Every substituted Debt Security of any series issued pursuant to the provisions of this
Section 2.09 by virtue of the fact that any Debt Security is destroyed, lost or stolen shall constitute an original additional contractual obligation of the Issuers, whether or not the destroyed, lost or stolen Debt Security shall be found at
any time, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Debt Securities of that series duly issued hereunder. All Debt Securities shall be held and owned upon the express condition
that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Debt Securities, and shall preclude any and all other rights or remedies, notwithstanding any law or statute existing or
hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender. 

Section 2.10 Cancellation of Surrendered Debt Securities. All Debt Securities surrendered for payment, redemption, registration of
transfer or exchange shall, if surrendered to an Issuer or any paying agent or a Registrar, be delivered to the Trustee for cancellation by it, or if surrendered to the Trustee, shall be canceled by it, and no Debt Securities shall be issued in lieu
thereof except as expressly permitted by any of the provisions of this Indenture. All canceled Debt Securities held by the Trustee shall be destroyed (subject to the record retention requirements of the Exchange Act) and certification of their
destruction delivered to the Issuers, unless otherwise directed. On request of the Issuers, the Trustee shall deliver to the Issuers canceled Debt Securities 

  
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 held by the Trustee. If either of the Issuers shall acquire any of the Debt Securities, however, such
acquisition shall not operate as a redemption or satisfaction of the Debt represented thereby unless and until the same are delivered or surrendered to the Trustee for cancellation. The Issuers may not issue new Debt Securities to replace Debt
Securities it has redeemed, paid or delivered to the Trustee for cancellation. 
 Section 2.11 Provisions of the Indenture and Debt
Securities for the Sole Benefit of the Parties and the Holders. Nothing in this Indenture or in the Debt Securities, expressed or implied, shall give or be construed to give to any Person, other than the parties hereto, the Holders or any
Registrar or paying agent, any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all its covenants, conditions and provisions being for the sole benefit
of the parties hereto, the Holders and any Registrar and paying agents. 
 Section 2.12 Payment of Interest; Interest Rights
Preserved. 
 (a) Interest on any Debt Security that is payable and is punctually paid or duly provided for on any interest payment date
shall be paid to the Person in whose name such Debt Security is registered at the close of business on the regular record date for such interest notwithstanding the cancellation of such Debt Security upon any transfer or exchange subsequent to the
regular record date. Payment of interest on Debt Securities shall be made at the corporate trust office of the Trustee (except as otherwise specified pursuant to Section 2.03), or at the option of the Issuers, by check mailed to the address of
the Person entitled thereto as such address shall appear in the Debt Security Register or, if provided pursuant to Section 2.03 and in accordance with arrangements satisfactory to the Trustee, at the option of the Holder by wire transfer to an
account designated by the Holder. 
 (b) Subject to the foregoing provisions of this Section 2.12 and Section 2.17, each Debt
Security of a particular series delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Debt Security of the same series shall carry the rights to interest accrued and unpaid, and to accrue, which
were carried by such other Debt Security. 
 Section 2.13 Securities Denominated in Dollars. Except as otherwise specified
pursuant to Section 2.03 for Debt Securities of any series, payment of the principal of, and premium, if any, and interest on, Debt Securities of such series will be made in Dollars. 

Section 2.14 Wire Transfers. Notwithstanding any other provision to the contrary in this Indenture, the Issuers may make any
payment of moneys required to be deposited with the Trustee on account of principal of, or premium, if any, or interest on, the Debt Securities (whether pursuant to optional or mandatory redemption payments, interest payments or otherwise) by wire
transfer in immediately available funds to an account designated by the Trustee before 11:00 a.m., New York City time, on the date such moneys are to be paid to the Holders of the Debt Securities in accordance with the terms hereof. 

  
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 Section 2.15 Securities Issuable in the Form of a Global Security. 

(a) If the Issuers shall establish pursuant to Sections 2.01 and 2.03 that the Debt Securities of a particular series are to be issued in whole
or in part in the form of one or more Global Securities, then the Issuers shall execute and the Trustee or its agent shall, in accordance with Section 2.05, authenticate and deliver, such Global Security or Securities, which shall represent,
and shall be denominated in an amount equal to the aggregate principal amount of, the Outstanding Debt Securities of such series to be represented by such Global Security or Securities, or such portion thereof as the Issuers shall specify in an
Officers’ Certificate, shall be registered in the name of the Depositary for such Global Security or Securities or its nominee, shall be delivered by the Trustee or its agent to the Depositary or pursuant to the Depositary’s instruction
and shall bear a legend substantially to the following effect: 
 “UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR
SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN.” 

or such other legend as may then be required by the Depositary for such Global Security or Securities. 

(b) Notwithstanding any other provision of this Section 2.15 or of Section 2.07 to the contrary, and subject to the provisions of
paragraph (c) below, unless the terms of a Global Security expressly permit such Global Security to be exchanged in whole or in part for definitive Debt Securities in registered form, a Global Security may be transferred, in whole but not in
part and in the manner provided in Section 2.07, only by the Depositary to a nominee of the Depositary for such Global Security, or by a nominee of the Depositary to the Depositary or another nominee of the Depositary, or by the Depositary or a
nominee of the Depositary to a successor Depositary for such Global Security selected or approved by the Issuers, or to a nominee of such successor Depositary. 

(c) If at any time the Depositary for a Global Security or Securities notifies the Issuers that it is unwilling or unable to continue as
Depositary for such Global Security or Securities or if at any time the Depositary for the Debt Securities for such series shall no longer be eligible or in good standing under the Exchange Act or other applicable statute, rule or regulation, the
Issuers shall appoint a successor Depositary with respect to such Global Security or Securities. If a successor Depositary for such Global Security or Securities is not appointed by the Issuers within 90 days after the Issuers receive such notice or
become aware of such ineligibility, the Issuers shall 

  
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execute, and the Trustee or its agent, upon receipt of an Issuer Order for the authentication and delivery of such individual Debt Securities of such series in exchange for such Global Security
or Securities, will authenticate and deliver, individual Debt Securities of such series of like tenor and terms in definitive form in an aggregate principal amount equal to the principal amount of the Global Security or Securities in exchange for
such Global Security or Securities. 
 If an Event of Default occurs and the Depositary for a Global Security or Securities notifies the
Trustee of its decision to require that the Debt Securities of any series or portion thereof issued or issuable in the form of one or more Global Securities shall no longer be represented by such Global Security or Securities, the Issuers shall
appoint a successor Depositary with respect to such Global Security or Securities. In such event the Issuers will execute, and the Trustee, upon receipt of an Issuer Order for the authentication and delivery of individual Debt Securities of such
series in exchange in whole or in part for such Global Security or Securities, will authenticate and deliver individual Debt Securities of such series of like tenor and terms in definitive form in an aggregate principal amount equal to the principal
amount of such series or portion thereof in exchange for such Global Security or Securities. 
 If specified by the Issuers pursuant to
Sections 2.01 and 2.03 with respect to Debt Securities issued or issuable in the form of a Global Security, the Depositary for such Global Security may surrender such Global Security in exchange in whole or in part for individual Debt Securities of
such series of like tenor and terms in definitive form on such terms as are acceptable to the Issuers, the Trustee and such Depositary. Thereupon the Issuers shall execute, and the Trustee or its agent upon receipt of an Issuer Order for the
authentication and delivery of definitive Debt Securities of such series shall authenticate and deliver, without service charge, to each Person specified by such Depositary a new Debt Security or Securities of the same series of like tenor and terms
and of any authorized denomination as requested by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global Security; and to such Depositary a new Global Security of like tenor and
terms and in an authorized denomination equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of Debt Securities delivered to Holders thereof. 

In any exchange provided for in any of the preceding three paragraphs, the Issuers will execute and the Trustee or its agent will authenticate
and deliver individual Debt Securities. Upon the exchange of the entire principal amount of a Global Security for individual Debt Securities, such Global Security shall be canceled by the Trustee or its agent. Except as provided in the preceding
paragraph, Debt Securities issued in exchange for a Global Security pursuant to this Section 2.15 shall be registered in such names and in such authorized denominations as the Depositary for such Global Security, pursuant to instructions from
its direct or indirect participants or otherwise, shall instruct the Trustee or the Registrar. The Trustee or the Registrar shall deliver such Debt Securities to the Persons in whose names such Debt Securities are so registered. 

Payments in respect of the principal of and interest on any Debt Securities registered in the name of the Depositary or its nominee will be
payable to the Depositary or such nominee in its capacity as the registered owner of such Global Security. The Issuers and the Trustee may treat the Person in whose name the Debt Securities, including the Global Security, are registered as the owner
thereof for the purpose of receiving such payments and for any and all other purposes whatsoever. None of the Issuers, the Trustee, any Registrar, the paying agent or any agent of the 

  
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Issuers or the Trustee will have any responsibility or liability for any aspect of the records relating to or payments made on account of the beneficial ownership interests of the Global Security
by the Depositary or its nominee or any of the Depositary’s direct or indirect participants, or for maintaining, supervising or reviewing any records of the Depositary, its nominee or any of its direct or indirect participants relating to the
beneficial ownership interests of the Global Security, the payments to the beneficial owners of the Global Security of amounts paid to the Depositary or its nominee, or any other matter relating to the actions and practices of the Depositary, its
nominee or any of its direct or indirect participants. None of the Issuers, the Trustee or any such agent will be liable for any delay by the Depositary, its nominee, or any of its direct or indirect participants in identifying the beneficial owners
of the Debt Securities, and the Issuers and the Trustee may conclusively rely on, and will be protected in relying on, instructions from the Depositary or its nominee for all purposes (including with respect to the registration and delivery, and the
respective principal amounts, of the Debt Securities to be issued). 
 Section 2.16 Medium Term Securities. Notwithstanding any
contrary provision herein, if all Debt Securities of a series are not to be originally issued at one time, it shall not be necessary for each of the Issuers to deliver to the Trustee an Officers’ Certificate, resolutions of each such
Issuer’s Board of Directors, supplemental Indenture, Opinion of Counsel or written order or any other document otherwise required pursuant to Section 2.01, 2.03, 2.05 or 13.05 at or prior to the time of authentication of each Debt Security
of such series if such documents are delivered to the Trustee or its agent at or prior to the authentication upon original issuance of the first such Debt Security of such series to be issued; provided, that any subsequent request by the Issuers to
the Trustee to authenticate Debt Securities of such series upon original issuance shall constitute a representation and warranty by the Issuers that, as of the date of such request, the statements made in the Officers’ Certificate delivered
pursuant to Section 2.05 or 13.05 shall be true and correct as if made on such date and that the Opinion of Counsel delivered at or prior to such time of authentication of an original issuance of Debt Securities shall specifically state that it
shall relate to all subsequent issuances of Debt Securities of such series that are identical to the Debt Securities issued in the first issuance of Debt Securities of such series. 

An Issuer Order delivered by the Issuers to the Trustee in the circumstances set forth in the preceding paragraph, may provide that Debt
Securities which are the subject thereof will be authenticated and delivered by the Trustee or its agent on original issue from time to time upon the telephonic or written order of Persons designated in such written order (any such telephonic
instructions to be promptly confirmed in writing by such Person) and that such Persons are authorized to determine, consistent with the Officers’ Certificate, supplemental Indenture or resolution of the Board of Directors relating to such
written order, such terms and conditions of such Debt Securities as are specified in such Officers’ Certificate, supplemental Indenture or such resolution. 

Section 2.17 Defaulted Interest. Any interest on any Debt Security of a particular series which is payable, but is not punctually
paid or duly provided for, on the dates and in the manner provided in the Debt Securities of such series and in this Indenture (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder thereof on the relevant
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 (i) or (ii) below: 

  
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 (i) The Issuers may elect to make payment of any Defaulted Interest to the
Persons in whose names the Debt Securities of such series 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
in writing of the amount of Defaulted Interest proposed to be paid on each such Debt Security of such series 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 Trustee shall fix a special record date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days
prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Issuers of such special record date and, 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 mailed, first class postage pre-paid, to each Holder thereof at its address as
it appears in the Debt Security Register, not less than 10 days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest shall be
paid to the Persons in whose names the Debt Securities of such series are registered at the close of business on such special record date. 

(ii) The Issuers may make payment of any Defaulted Interest on the Debt Securities of such series in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the Debt Securities of such series 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. 
 Section 2.18 CUSIP
Numbers. The Issuers in issuing the Debt 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 accuracy of such numbers either as printed on the Debt Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers
printed on the Debt Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Issuers will promptly notify the Trustee in writing of any change in the “CUSIP” numbers.  

  
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 ARTICLE III 

REDEMPTION OF DEBT SECURITIES 

Section 3.01 Applicability of Article. The provisions of this Article shall be applicable to the Debt Securities of any series
which are redeemable before their Stated Maturity except as otherwise specified as contemplated by Section 2.03 for Debt Securities of such series. 

Section 3.02 Notice of Redemption; Selection of Debt Securities. In case the Issuers shall desire to exercise the right to redeem
all or, as the case may be, any part of the Debt Securities of any series in accordance with their terms, by resolution of the Board of Directors of each Issuer or a supplemental Indenture, the Issuers shall fix a date for redemption and shall give
notice of such redemption at least 30 and not more than 60 days prior to the date fixed for redemption to the Holders of Debt Securities of such series so to be redeemed as a whole or in part, in the manner provided in Section 13.03. The notice
if given in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. In any case, failure to give such notice or any defect in the notice to the Holder of any Debt Security of
a series designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Debt Security of such series. 

Each such notice of redemption shall specify (i) the date fixed for redemption, (ii) the redemption price at which Debt Securities
of such series are to be redeemed (or the method of calculating such redemption price), (iii) the Place or Places of Payment that payment will be made upon presentation and surrender of such Debt Securities, (iv) that any interest accrued to
the date fixed for redemption will be paid as specified in said notice, (v) that the redemption is for a sinking fund payment (if applicable), (vi) that, unless otherwise specified in such notice, if the Issuers default in making such
redemption payment the paying agent is prohibited from making such payment pursuant to the terms of this Indenture, (vii) that on and after said date any interest thereon or on the portions thereof to be redeemed will cease to accrue,
(viii) that in the case of Original Issue Discount Securities original issue discount accrued after the date fixed for redemption will cease to accrue, (ix) the terms of the Debt Securities of that series pursuant to which the Debt
Securities of that series are being redeemed and (x) that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Debt Securities of that series. If less than all the Debt
Securities of a series are to be redeemed the notice of redemption shall specify the certificate numbers of any Debt Securities of that series to be redeemed that are not in global form. In case any Debt Security of a series is to be redeemed in
part only, the notice of redemption shall state the portion of the principal amount thereof to be redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Debt Security, a new Debt Security or Debt Securities
of that series in principal amount equal to the unredeemed portion thereof, will be issued. 
 At least five days before the giving of any
notice of redemption, unless the Trustee consents to a shorter period, the Issuers shall give written notice to the Trustee of the Redemption Date, the aggregate principal amount of Debt Securities to be redeemed and the series and terms of the Debt
Securities pursuant to which such redemption will occur. Such notice shall be accompanied by an Officers’ Certificate and an Opinion of Counsel from the Issuers to the effect that such redemption will comply with the conditions herein, and such
notice may be revoked at any time prior to the giving of a notice of redemption to the Holders pursuant to this Section 3.02. If fewer than all the Debt Securities of a series are to be redeemed, the record date relating to such redemption
shall be selected by the Issuers and given in writing to the Trustee, which record date shall be not less than three days after the date of notice to the Trustee. 

By 11:00 a.m., New York City time, on the Redemption Date for any Debt Securities, the Issuers shall deposit with the Trustee or with a paying
agent (or, if an Issuer is acting as its own paying agent, segregate and hold in trust) an amount of money in Dollars (except as provided pursuant to Section 2.03) sufficient to pay the redemption price of such Debt Securities or any portions
thereof that are to be redeemed on that date, together with any interest accrued to the Redemption Date. 

  
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 If less than all the Debt Securities of like tenor and terms of a series are to be redeemed
(other than pursuant to mandatory sinking fund redemptions), the Trustee shall select, on a pro rata basis, by lot or by such other method as in its sole discretion it shall deem appropriate and fair, the Debt Securities of that series or portions
thereof (in multiples of $1,000) to be redeemed. In any case where more than one Debt Security of such series is registered in the same name, the Trustee in its discretion may treat the aggregate principal amount so registered as if it were
represented by one Debt Security of such series. The Trustee shall promptly notify the Issuers in writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for partial redemption, the principal amount
thereof to be redeemed. If any Debt Security called for redemption shall not be so paid upon surrender thereof on such Redemption Date, the principal, premium, if any, and interest shall bear interest until paid from the Redemption Date at the rate
borne by the Debt Securities of that series. If less than all the Debt Securities of unlike tenor and terms of a series are to be redeemed, the particular Debt Securities to be redeemed shall be selected by the Issuers. Provisions of this Indenture
that apply to Debt Securities called for redemption also apply to portions of Debt Securities called for redemption. 
 Section 3.03
Payment of Debt Securities Called for Redemption. If notice of redemption has been given as provided in Section 3.02, the Debt Securities or portions of Debt Securities of the series with respect to which such notice has been given shall
become due and payable on the date and at the Place or Places of Payment stated in such notice at the applicable redemption price, together with any interest accrued to the date fixed for redemption, and on and after said date (unless the Issuers
shall default in the payment of such Debt Securities at the applicable redemption price, together with any interest accrued to said date) any interest on the Debt Securities or portions of Debt Securities of any series so called for redemption shall
cease to accrue, and any original issue discount in the case of Original Issue Discount Securities shall cease to accrue. On presentation and surrender of such Debt Securities at the Place or Places of Payment in said notice specified, the said Debt
Securities or the specified portions thereof shall be paid and redeemed by the Issuers at the applicable redemption price, together with any interest accrued thereon to the date fixed for redemption. 

Any Debt Security that is to be redeemed only in part shall be surrendered at the Place of Payment with, if the Issuers, the Registrar or the
Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuers, the Registrar 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 Debt Security without service charge, a new Debt Security or Debt Securities of the same series, of like tenor and form, 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 Debt Security so surrendered; except that if a Global Security is so surrendered, the Issuers shall execute, and the Trustee shall
authenticate and deliver to the Depositary for such Global Security, without service charge, a new Global Security in a denomination equal to and in exchange for the unredeemed portion of the principal of the Global Security so surrendered. In the
case of a Debt Security providing appropriate space for such notation, at the option of the Holder thereof, the Trustee, in lieu of delivering a new Debt Security or Debt Securities as aforesaid, may make a notation on such Debt Security of the
payment of the redeemed portion thereof. 

  
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 Section 3.04 Mandatory and Optional Sinking Funds. The minimum amount of any
sinking fund payment provided for by the terms of Debt Securities of any series, resolution of the Board of Directors or a supplemental Indenture 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 Debt Securities of any series, resolution of the Board of Directors or a supplemental Indenture is herein referred to as an “optional sinking fund payment.” 

In lieu of making all or any part of any mandatory sinking fund payment with respect to any Debt Securities of a series in cash, the Issuers
may at their option (a) deliver to the Trustee Debt Securities of that series theretofore purchased or otherwise acquired by the Issuers or (b) receive credit for the principal amount of Debt Securities of that series which have been
redeemed either at the election of the Issuers pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, resolution or supplemental Indenture;
provided, that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Debt Securities, resolution or supplemental
Indenture for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly. 

Section 3.05 Redemption of Debt Securities for Sinking Fund. Not less than 60 days prior to each sinking fund payment date for any
series of Debt Securities, the Issuers will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that series, any resolution or supplemental
Indenture, 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 Debt Securities of that series pursuant to this Section 3.05 (which Debt
Securities, if not previously redeemed, will accompany such certificate) and whether the Issuers intend to exercise its right to make any permitted optional sinking fund payment with respect to such series. Such certificate shall also state that no
Event of Default has occurred and is continuing with respect to such series. Such certificate shall be irrevocable and upon its delivery the Issuers shall be obligated to make the cash payment or payments therein referred to, if any, by 11 a.m., New
York City time, on the next succeeding sinking fund payment date. Failure of the Issuers to deliver such certificate (or to deliver the Debt Securities specified in this paragraph) shall not constitute a Default, but such failure shall require that
the sinking fund payment due on the next succeeding sinking fund payment date for that series shall be paid entirely in cash and shall be sufficient to redeem the principal amount of such Debt Securities subject to a mandatory sinking fund payment
without the option to deliver or credit Debt Securities as provided in this Section 3.05 and without the right to make any optional sinking fund payment, if any, with respect to such series. 

Any sinking fund payment or payments (mandatory or optional) made in cash plus any unused balance of any preceding sinking fund payments made
in cash which shall equal or exceed $100,000 (or a lesser sum if the Issuers shall so request) with respect to the Debt Securities of any particular series shall be applied by the Trustee on the sinking fund payment date on which such payment is
made (or, if such payment is made before a sinking fund payment date, on the sinking 

  
 22 

 
fund payment date following the date of such payment) to the redemption of such Debt Securities at the redemption price specified in such Debt Securities, resolution or supplemental Indenture for
operation of the sinking fund together with any accrued interest to the date fixed for redemption. Any sinking fund moneys not so applied or allocated by the Trustee to the redemption of Debt Securities shall be added to the next cash sinking fund
payment received by the Trustee for such series and, together with such payment, shall be applied in accordance with the provisions of this Section 3.05. Any and all sinking fund moneys with respect to the Debt Securities of any particular
series held by the Trustee on the last sinking fund payment date with respect to Debt Securities of such series and not held for the payment or redemption of particular Debt Securities shall be applied by the Trustee, together with other moneys, if
necessary, to be deposited sufficient for the purpose, to the payment of the principal of the Debt Securities of that series at its Stated Maturity. 

The Trustee shall select the Debt Securities to be redeemed upon such sinking fund payment date in the manner specified in the last paragraph
of Section 3.02 and the Issuers shall cause notice of the redemption thereof to be given in the manner provided in Section 3.02 except that the notice of redemption shall also state that the Debt Securities are being redeemed by operation
of the sinking fund. Such notice having been duly given, the redemption of such Debt Securities shall be made upon the terms and in the manner stated in Section 3.03. 

The Trustee shall not redeem any Debt Securities of a series with sinking fund moneys or mail any notice of redemption of such Debt Securities
by operation of the sinking fund for such series during the continuance of a Default in payment of interest on such Debt Securities or of any Event of Default (other than an Event of Default occurring as a consequence of this paragraph) with respect
to such Debt Securities, except that if the notice of redemption of any such Debt Securities shall theretofore have been mailed in accordance with the provisions hereof, the Trustee shall redeem such Debt Securities if cash sufficient for that
purpose shall be deposited with the Trustee for that purpose in accordance with the terms of this Article III. Except as aforesaid, any moneys in the sinking fund for such series at the time when any such Default or Event of Default shall occur and
any moneys thereafter paid into such sinking fund shall, during the continuance of such Default or Event of Default, be held as security for the payment of such Debt Securities; provided, however, that in case such Default or Event of Default shall
have been cured or waived as provided herein, such moneys shall thereafter be applied on the next sinking fund payment date for such Debt Securities on which such moneys may be applied pursuant to the provisions of this Section 3.05. 

ARTICLE IV 
 PARTICULAR
COVENANTS OF THE ISSUERS 
 Section 4.01 Payment of Principal of, and Premium, If Any, and Interest on, Debt Securities. The
Issuers, for the benefit of each series of Debt Securities, will duly and punctually pay or cause to be paid the principal of, and premium, if any, and interest on, each of the Debt Securities at the place, at the respective times and in the manner
provided herein or in the Debt Securities. Each installment of interest on any Debt Securities not in global form may at the Issuers’ option be paid by mailing checks for such interest payable to the Person entitled thereto pursuant to
Section 2.07(a) to the address of such Person as it appears on the Debt Security Register. 

  
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 Principal of and premium and interest on Debt Securities of any series shall be considered
paid on the date due if, by 11:00 a.m., New York City time, on such date the Trustee or any paying agent holds in accordance with this Indenture money sufficient to pay all principal, premium and interest then due. 

The Issuers shall pay interest on overdue principal or premium, if any, at the rate specified therefor in the Debt Securities, and they shall
pay interest on overdue installments of interest at the same rate to the extent lawful. 
 Section 4.02 Maintenance of Offices or
Agencies for Registration of Transfer, Exchange and Payment of Debt Securities. The Issuers will maintain in each Place of Payment for any series of Debt Securities an office or agency where Debt Securities of such series may be presented or
surrendered for payment, and they shall also maintain (in or outside such Place of Payment) an office or agency where Debt Securities of such series may be surrendered for transfer or exchange and where notices and demands to or upon the Issuers in
respect of the Debt Securities of such 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 office of the Trustee where its corporate trust
business is principally administered in the United States, and the Issuers hereby appoint the Trustee as their agent to receive all presentations, surrenders, notices and demands. 

The Issuers may also from time to time designate different or additional offices or agencies to be maintained for such purposes (in or outside
of such Place of Payment), and may from time to time rescind any such designation; provided, however, that no such designation or rescission shall in any manner relieve the Issuers of their obligations described in the preceding paragraph. The
Issuers will give prompt written notice to the Trustee of any such additional designation or rescission of designation and any change in the location of any such different or additional office or agency. 

Section 4.03 Appointment to Fill a Vacancy in the Office of Trustee. The Issuers, whenever necessary to avoid or fill a vacancy in
the office of Trustee, will appoint, in the manner provided in Section 7.08, a Trustee, so that there shall at all times be a Trustee hereunder with respect to each series of Debt Securities. 

Section 4.04 Duties of Paying Agents, etc. 

(a) The Issuers shall cause each paying agent, if any, other than the Trustee, to execute and deliver to the Trustee an instrument in which
such agent shall agree with the Trustee, subject to the provisions of this Section 4.04, 
 (i) that it will hold all
sums held by it as such agent for the payment of the principal of, and premium, if any, or interest on, the Debt Securities of any series (whether such sums have been paid to it by the Issuers or by any other obligor on the Debt Securities of such
series) in trust for the benefit of the Holders of the Debt Securities of such series; 

  
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 (ii) that it will give the Trustee notice of any failure by the Issuers (or
by any other obligor on the Debt Securities of such series) to make any payment of the principal of, and premium, if any, or interest on, the Debt Securities of such series when the same shall be due and payable; and 

(iii) that it will at any time during the continuance of an Event of Default, upon the written request of the Trustee,
forthwith pay to the Trustee all sums so held by it as such agent. 
 (b) If either of the Issuers shall act as its own paying agent, it
will, on or before each due date of the principal of, and premium, if any, or interest on, the Debt Securities of any series, set aside, segregate and hold in trust for the benefit of the Holders of the Debt Securities of such series a sum
sufficient to pay such principal, premium, if any, or interest so becoming due. The Issuers will promptly notify the Trustee of any failure by either of the Issuers to take such action or the failure by any other obligor on such Debt Securities to
make any payment of the principal of, and premium, if any, or interest on, such Debt Securities when the same shall be due and payable. 

(c) Anything in this Section 4.04 to the contrary notwithstanding, either of the Issuers may, at any time, for the purpose of obtaining a
satisfaction and discharge of this Indenture, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by it or any paying agent, as required by this Section 4.04, such sums to be held by the Trustee upon the same
trusts as those upon which such sums were held by such Issuer or such paying agent. 
 (d) Whenever the Issuers shall have one or more paying
agents with respect to any series of Debt Securities, they will, prior to each due date of the principal of, and premium, if any, or interest on, any Debt Securities of such series, deposit with any such paying agent a sum sufficient to pay the
principal, premium or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless any such paying agent is the Trustee) the Issuers will promptly notify the Trustee of its action or failure so
to act. 
 (e) Anything in this Section 4.04 to the contrary notwithstanding, the agreement to hold sums in trust as provided in this
Section 4.04 is subject to the provisions of Section 11.05. 
 Section 4.05 SEC Reports; Financial Statements. 

(a) The Partnership shall, so long as any of the Debt Securities are Outstanding, file with the Trustee, within 30 days after it files the same
with the SEC, copies of the annual reports and the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) that the Partnership is required to file with the SEC
pursuant to Section 13 or 15(d) of the Exchange Act. If the Partnership is not subject to the requirements of such Section 13 or 15(d), the Partnership shall file with the Trustee, within 30 days after it would have been required to file
the same with the SEC, financial statements, including any notes thereto (and with respect to annual reports, an auditors’ report by a firm of established national reputation), and a “Management’s Discussion and Analysis of Financial
Condition and Results of Operations,” both comparable to that which the Partnership would have been required to include in such annual reports, information, documents or other reports if the Partnership had been subject to the requirements of
such Section 13 or 15 (d). The Issuers shall also comply with the provisions of TIA Section 314(a). 

  
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 (b) The Partnership shall provide the Trustee with a sufficient number of copies of all
reports and other documents and information that the Trustee may be required to deliver to Holders under this Section. 
 (c) The Partnership
shall, so long as any of the Debt Securities are Outstanding, deliver to the Trustee, within 30 days of any Officer of the Partnership becoming aware of the occurrence of any Event of Default, an Officers’ Certificate specifying such Event of
Default and what action the Partnership is taking or proposes to take with respect thereto. 
 Section 4.06 Compliance
Certificate. 
 (a) Each of the Issuers shall, so long as any of the Debt Securities are Outstanding, deliver to the Trustee, within 120
days after the end of each fiscal year of the Partnership, an Officers’ Certificate stating that a review of the activities of the Partnership and its Subsidiaries during the preceding fiscal year has been made under the supervision of the
Officers signing the certificate with a view to determining whether each of the Issuers has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to
the best of his knowledge each of the Issuers has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions
hereof, without regard to any grace period or requirement of notice required by this Indenture (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which such Officer may have knowledge and
what action the Issuers are taking or proposes to take with respect thereto). 
 (b) The Partnership shall, so long as any of the Debt
Securities are Outstanding, deliver to the Trustee within 30 days after the occurrence of any Default or Event of Default under this Indenture, written notice (which need not be an Officers’ Certificate) specifying such Default or Event of
Default, the status thereof and what action the Partnership is taking or proposes to take with respect thereto. 
 Section 4.07
Further Instruments and Acts. The Partnership will, upon request of the Trustee, execute and deliver such further instruments and do such further acts as may reasonably be necessary or proper to carry out more effectually the purposes of this
Indenture. 
 Section 4.08 Existence. Except as permitted by Article X hereof, the Partnership shall do or cause to be done all
things necessary to preserve and keep in full force and effect its existence and all rights (charter and statutory) and franchises of the Partnership, provided that the Partnership shall not be required to preserve any such right or franchise, if
the Partnership shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Partnership. 

Section 4.09 Maintenance of Properties. The Partnership shall cause all properties owned by the Partnership or any of its
Subsidiaries or used or held for use in the conduct of its business or the business of any such Subsidiary to be maintained and kept in good condition, repair and working order (reasonable wear and tear excepted) and supplied with all necessary
equipment and 

  
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 will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof,
all as in the judgment of the Partnership may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided that nothing in this Section shall prevent the Partnership from
discontinuing the operation or maintenance of any of such properties if such discontinuance is, in the judgment of the Partnership, desirable in the conduct of its business or the business of any such Subsidiary and not disadvantageous in any
material respect to the Holders. 
 Section 4.10 Payment of Taxes and Other Claims. The Partnership shall pay or discharge or
cause to be paid or discharged, before the same shall become delinquent, (i) all taxes, assessments and governmental charges levied or imposed upon the Partnership or any of its Subsidiaries or upon the income, profits or property of the
Partnership or any of its Subsidiaries, and (ii) all lawful claims for labor, materials and supplies which, if unpaid, might by law become a Lien upon the property of the Partnership or any of its Subsidiaries; provided that the Partnership
shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 

Section 4.11 Waiver of Certain Covenants. The Issuers may, with respect to the Debt Securities of any series, omit in any
particular instance to comply with any covenant set forth in this Article IV (except Sections 4.01 through 4.08) or made applicable to such Debt Securities pursuant to Section 2.03, if, before or after the time for such compliance, the Holders
of a majority in aggregate principal amount of the Outstanding Debt Securities of each series affected, waive such compliance in such instance with such covenant, but no such waiver shall extend to or affect such covenant 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 covenant shall remain in full force and effect. 

ARTICLE V 
 HOLDERS’
LISTS AND REPORTS BY THE TRUSTEE 
 Section 5.01 Issuers to Furnish Trustee Information as to Names and Addresses of Holders;
Preservation of Information. The Issuers covenant and agree that they will furnish or cause to be furnished to the Trustee with respect to the Debt Securities of each series: 

(a) not more than 10 days after each record date with respect to the payment of interest, if any, a list, in such form as the Trustee may
reasonably require, of the names and addresses of the Holders as of such record date, 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 contents as of a date not more than 15 days prior to the time such list is furnished; 

provided, however, that so long as the Trustee shall be the Registrar, such lists shall not be required to be furnished. 

  
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 The Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the Holders (i) contained in the most recent list furnished to it as provided in this Section 5.01 or (ii) received by it in the capacity of paying agent or Registrar (if so acting)
hereunder. 
 The Trustee may destroy any list furnished to it as provided in this Section 5.01 upon receipt of a new list so
furnished. 
 Section 5.02 Communications to Holders. Holders may communicate pursuant to Section 312(b) of the TIA with
other Holders with respect to their rights under this Indenture or the Debt Securities. The Issuers, the Trustee, the Registrar and anyone else shall have the protection of Section 312(c) of the TIA. 

Section 5.03 Reports by Trustee. Within 60 days after each January 31, beginning with the first January 31 following the
date of this Indenture, and in any event on or before April 1 in each year, the Trustee shall mail to Holders a brief report dated as of such January 31 that complies with TIA Section 313 (a); provided, however, that if no event
described in TIA Section 313 (a) has occurred within the twelve months preceding the reporting date, no report need be transmitted. The Trustee also shall comply with TIA Section 313 (b). 

Reports pursuant to this Section 5.03 shall be transmitted by mail: 

(a) to all Holders, as the names and addresses of such Holders appear in the Debt Security Register; and 

(b) except in the cases of reports under Section 313(b)(2) of the TIA, to each Holder of a Debt Security of any series whose name and
address appear in the information preserved at the time by the Trustee in accordance with Section 5.01. 
 A copy of each report at the
time of its mailing to Holders shall be filed with the Securities and Exchange Commission and each stock exchange (if any) on which the Debt Securities of any series are listed. The Issuers agree to notify promptly the Trustee whenever the Debt
Securities of any series become listed on any stock exchange and of any delisting thereof. 
 Section 5.04 Record Dates for Action
by Holders. If the Issuers shall solicit from the Holders of Debt Securities of any series any action (including the making of any demand or request, the giving of any direction, notice, consent or waiver or the taking of any other action), the
Issuers may, at their option, by resolution of their respective Boards of Directors, fix in advance a record date for the determination of Holders of Debt Securities entitled to take such action, but the Issuers shall have no obligation to do so.
Any such record date shall be fixed at the Issuers’ discretion. If such a record date is fixed, such action may be sought or given before or after the record date, but only the Holders of Debt Securities of record at the close of business on
such record date shall be deemed to be Holders of Debt Securities for the purpose of determining whether Holders of the requisite proportion of Debt Securities of such series Outstanding have authorized or agreed or consented to such action, and for
that purpose the Debt Securities of such series Outstanding shall be computed as of such record date. 

  
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 ARTICLE VI 

REMEDIES OF THE TRUSTEE AND HOLDERS IN EVENT OF DEFAULT 

Section 6.01 Events of Default. If any one or more of the following shall have occurred and be continuing with respect to Debt
Securities of any series (each of the following, an “Event of Default”): 
 (a) default in the payment of any installment of
interest upon any Debt Securities of that series as and when the same shall become due and payable, and continuance of such default for a period of 60 days; or 

(b) default in the payment of the principal of or premium, if any, on any Debt Securities of that series as and when the same shall become due
and payable, whether at Stated Maturity, upon redemption, by declaration, upon required repurchase or otherwise; or 
 (c) default in the
payment of any sinking fund payment with respect to any Debt Securities of that series as and when the same shall become due and payable; or 

(d) (i) failure on the part of the Issuers to comply with the covenants in Section 10.01 or (ii) failure on the part of the
Issuers, duly to observe or perform any other of the covenants or agreements on the part of the Issuers, in the Debt Securities of that series, in any resolution of the Board of Directors authorizing the issuance of that series of Debt Securities,
in this Indenture with respect to such series or in any supplemental Indenture with respect to such series (other than a covenant a default in the performance of which is elsewhere in this Section specifically dealt with), continuing, in the case of
this clause (ii), for a period of 30 days after the date on which written notice specifying such failure and requiring the Issuers to remedy the same shall have been given to the Issuers by the Trustee or to the Issuers and the Trustee by the
Holders of at least 25% in aggregate principal amount of the Debt Securities of that series at the time Outstanding; or 
 (e) either of the
Issuers pursuant to or within the meaning of any Bankruptcy Law, 
 (i) commences a voluntary case, 

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

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

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

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

(i) is for relief against either of the Issuers as debtor in an involuntary case, 

(ii) appoints a Custodian of either of the Issuers or a Custodian for all or substantially all of the property of either of the
Issuers, or 

  
 29 

 (iii) orders the liquidation of either of the Issuers, 

and the order or decree remains unstayed and in effect for 60 days; 

(g) any other Event of Default provided with respect to Debt Securities of that series; 

then and in each and every case that an Event of Default described in clause (a), (b), (c), (d) or (g) with respect to Debt Securities of that series at
the time Outstanding occurs and is continuing, unless the principal of, premium, if any, and accrued and unpaid interest on all the Debt Securities of that series shall have already become due and payable, either the Trustee or the Holders of not
less than 25% in aggregate principal amount of the Debt Securities of that series then Outstanding hereunder, by notice in writing to the Issuers (and to the Trustee if given by Holders), may declare the principal of (or, if the Debt Securities of
that series are Original Issue Discount Debt Securities, such portion of the principal amount as may be specified in the terms of that series), premium, if any, and interest on all the Debt Securities of that series to be due and payable
immediately, and upon any such declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Debt Securities of that series contained to the contrary notwithstanding. If an Event of Default
described in clause (e) or (f) occurs with respect to either of the Issuers, then and in each and every such case, unless the principal of and accrued and unpaid interest on all the Debt Securities shall have become due and payable, the
principal of (or, if the Debt Securities of that series are Original Issue Discount Debt Securities, such portion of the principal amount as may be specified in the terms thereof), premium, if any, and interest on all the Debt Securities then
Outstanding hereunder shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders, anything in this Indenture or in the Debt Securities contained to the contrary
notwithstanding. 
 The Holders of a majority in aggregate principal amount of the Debt Securities of a particular series by written notice
to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree of a court of competent jurisdiction already rendered and if all existing Events of Default with respect to that series
have been cured or waived except nonpayment of principal, premium, if any, or interest that has become due solely because of acceleration. Upon any such rescission, the parties hereto shall be restored respectively to their several positions and
rights hereunder, and all rights, remedies and powers of the parties hereto shall continue as though no such proceeding had been taken. 

Section 6.02 Collection of Debt by Trustee, etc. If an Event of Default occurs and is continuing, the Trustee, in its own name and
as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid or enforce the performance of any provision of the Debt Securities of the
affected series or this Indenture, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against either of the the Issuers or any other obligor upon the Debt Securities of
such series (and collect in the manner provided by law out of the property of the Issuers or any other obligor upon the Debt Securities of such series wherever situated the moneys adjudged or decreed to be payable). 

  
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 In case there shall be pending proceedings for the bankruptcy or for the reorganization of
either of the Issuers or any other obligor upon the Debt Securities of any series under any Bankruptcy Law, or in case a Custodian shall have been appointed for its property, or in case of any other similar judicial proceedings relative to either of
the Issuers or any other obligor upon the Debt Securities of any series, its creditors or its property, the Trustee, irrespective of whether the principal of Debt Securities of any series shall then be due and payable as therein expressed or by
declaration or otherwise and irrespective of whether the Trustee shall have made any demand pursuant to the provisions of this Section 6.02, shall be entitled and empowered, by intervention in such proceedings or otherwise, to file and prove a
claim or claims for the whole amount of principal, premium, if any, and interest (or, if the Debt Securities of such series are Original Issue Discount Debt Securities, such portion of the principal amount as may be specified in the terms of such
series) owing and unpaid in respect of the Debt Securities of such series, and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for reasonable compensation to the
Trustee, its agents, attorneys and counsel, and for reimbursement of all expenses and liabilities incurred, and all advances made, by the Trustee except as a result of its negligence or bad faith) and of the Holders thereof allowed in any such
judicial proceedings relative to either of the Issuers, or any other obligor upon the Debt Securities of such series, its creditors or its property, and to collect and receive any moneys or other property payable or deliverable on any such claims,
and to distribute all amounts received with respect to the claims of such Holders and of the Trustee on their behalf, and any receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized by each of such Holders to make payments
to the Trustee, and, in the event that the Trustee shall consent to the making of payments directly to such Holders, to pay to the Trustee such amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and
counsel, and all other reasonable expenses and liabilities incurred, and all advances made, by the Trustee except as a result of its negligence or bad faith. 

All rights of action and of asserting claims under this Indenture, or under any of the Debt Securities of any series, may be enforced by the
Trustee without the possession of any such Debt Securities, or the production thereof in any trial or other proceedings relative thereto, and any such action or proceedings instituted by the Trustee shall be brought in its own name as trustee of an
express trust, and any recovery of judgment (except for any amounts payable to the Trustee pursuant to Section 7.06) shall be for the ratable benefit of the Holders of all the Debt Securities in respect of which such action was taken. 

In case of an Event of Default hereunder the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this
Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or
agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law. 

Section 6.03 Application of Moneys Collected by Trustee. Any moneys or other property collected by the Trustee pursuant to
Section 6.02 with respect to Debt Securities of any series shall be applied in the order following, at the date or dates fixed by the Trustee for the distribution of such moneys or other property, upon presentation of the several Debt
Securities of such series in respect of which moneys or other property have been collected, and the notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid: 

  
 31 

 FIRST: To the payment of all money due the Trustee pursuant to Section 7.06; 

SECOND: In case the principal of the Outstanding Debt Securities in respect of which such moneys have been collected shall not have become
due, to the payment of interest on the Debt Securities of such series in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments
of interest at the rate or Yield to Maturity (in the case of Original Issue Discount Debt Securities) borne by the Debt Securities of such series, such payments to be made ratably to the Persons entitled thereto, without discrimination or
preference; 
 THIRD: In case the principal of the Outstanding Debt Securities in respect of which such moneys have been collected shall
have become due, by declaration or otherwise, to the payment of the whole amount then owing and unpaid upon the Debt Securities of such series for principal and premium, if any, and interest, with interest on the overdue principal and premium, if
any, and (to the extent that such interest has been collected by the Trustee) upon overdue installments of interest at the rate or Yield to Maturity (in the case of Original Issue Discount Debt Securities) borne by the Debt Securities of such
series; and, in case such moneys shall be insufficient to pay in full the whole amount so due and unpaid upon the Debt Securities of such series, then to the payment of such principal and premium, if any, and interest, without preference or priority
of principal and premium, if any, over interest, or of interest over principal and premium, if any, or of any installment of interest over any other installment of interest, or of any Debt Security of such series over any Debt Security of such
series, ratably to the aggregate of such principal and premium, if any, and interest; and 
 FOURTH: The remainder, if any, shall be paid to
the Issuers or to whomsoever may be lawfully entitled to receive the same, or as a court of competent jurisdiction may direct. 
 The
Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.03. At least 15 days before such record date, the Issuers shall mail to each Holder and the Trustee a notice that states the record date, the
payment date and amount to be paid. 
 Section 6.04 Limitation on Suits by Holders. No Holder of any Debt Security of any series
shall have any right by virtue or by availing of any provision of this Indenture to institute any action or proceeding at law or in equity or in bankruptcy or otherwise, upon or under or with respect to this Indenture, or for the appointment of a
receiver or trustee, or for any other remedy hereunder, unless such Holder previously shall have given to the Trustee written notice of an Event of Default with respect to Debt Securities of that same series and of the continuance thereof and unless
the Holders of not less than 25% in aggregate principal amount of the Outstanding Debt Securities of that series shall have made written request upon the Trustee to institute such action or proceedings in respect of such Event of Default in its own
name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity or security as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee, for 60 days after its receipt of
such notice, request and offer of indemnity or security shall have failed to institute any such action or proceedings and no direction inconsistent with such written request shall have been given to the Trustee pursuant to Section 6.06; it being
understood and intended, and being expressly covenanted by the Holder of every Debt Security with every other Holder and the Trustee, that no one or more Holders shall have any right in any manner whatever by virtue or by

  
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availing of any provision of this Indenture to affect, disturb or prejudice the rights of any Holders, or to obtain or seek to obtain priority over or preference to any other such Holder, or to
enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all such Holders. For the protection and enforcement of the provisions of this Section 6.04, each and every Holder and
the Trustee shall be entitled to such relief as can be given either at law or in equity. 
 Notwithstanding any other provision in this
Indenture, however, the right of any Holder of any Debt Security to receive payment of the principal of, and premium, if any, and (subject to Section 2.12) interest on, such Debt Security, on or after the respective due dates expressed in such
Debt Security, and to institute suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

Section 6.05 Remedies Cumulative; Delay or Omission in Exercise of Rights Not a Waiver of Default. All powers and remedies given
by this Article VI to the Trustee or to the Holders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other powers and remedies available to the Trustee or the Holders, by judicial proceedings or
otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture, and no delay or omission of the Trustee or of any Holder to exercise any right or power accruing upon any Default occurring and
continuing as aforesaid, shall impair any such right or power, or shall be construed to be a waiver of any such Default or an acquiescence therein; and, subject to the provisions of Section 6.04, every power and remedy given by this Article VI
or by law to the Trustee or to the Holders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders. 

Section 6.06 Rights of Holders of Majority in Principal Amount of Debt Securities to Direct Trustee and to Waive Default.
The Holders of a majority in aggregate principal amount of the Debt Securities of any series at the time Outstanding shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or
of exercising any right, trust or power conferred on the Trustee, with respect to the Debt Securities of such series; provided, however, that such direction shall not be otherwise than in accordance with law and the provisions of this Indenture, and
that subject to the provisions of Section 7.01, the Trustee shall have the right to decline to follow any such direction if the Trustee being advised by counsel shall determine that the action so directed may not lawfully be taken or is
inconsistent with any provision of this Indenture, or if the Trustee shall by a responsible officer or officers determine that the action so directed would involve it in personal liability or would be unduly prejudicial to Holders of Debt Securities
of such series not taking part in such direction; and provided, further, however, that nothing in this Indenture contained shall impair the right of the Trustee to take any action deemed proper by the Trustee and which is not inconsistent with such
direction by such Holders. The Holders of a majority in aggregate principal amount of the Debt Securities of any series at the time Outstanding may on behalf of the Holders of all the Debt Securities of that series waive any past Default or Event of
Default and its consequences for that series, except a Default or Event of Default in the payment of the principal of, and premium, if any, or interest on, any of the Debt Securities and a Default or Event of Default in respect of a provision that
under Section 9.02 cannot be amended without the consent of each Holder affected thereby. In case of any such waiver, such Default shall cease to exist, any Event of Default arising therefrom shall be deemed to have been cured for every purpose
of this Indenture, and the the Issuers, the Trustee and the Holders of the Debt Securities of that series shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other
Default or Event of Default or impair any right consequent thereon. 

  
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 Section 6.07 Trustee to Give Notice of Events of Defaults Known to It, but May
Withhold Such Notice in Certain Circumstances. The Trustee shall, within 90 days after the occurrence of an Event of Default, or if later, within 30 days after the Trustee obtains actual knowledge of the Event of Default, with respect to a
series of Debt Securities give to the Holders thereof, in the manner provided in Section 13.03, notice of all Events of Default with respect to such series known to the Trustee, unless such Events of Default shall have been cured or waived
before the giving of such notice; provided, that, except in the case of an Event of Default in the payment of the principal of, or premium, if any, or interest on, any of the Debt Securities of such series or in the making of any sinking fund
payment with respect to the Debt Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a committee of directors or responsible officers of the
Trustee in good faith determines that the withholding of such notice is in the interests of the Holders thereof. 
 Section 6.08
Requirement of an Undertaking to Pay Costs in Certain Suits under the Indenture or Against the Trustee. All parties to this Indenture agree, and each Holder of any Debt Security by his acceptance thereof shall be deemed to have agreed, that
any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit in the manner and to the extent provided in the TIA, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party
litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 6.08 shall not apply to any suit instituted by the Trustee, to any suit instituted
by any Holder, or group of Holders, holding in the aggregate more than 25 percent in principal amount of the Outstanding Debt Securities of that series or to any suit instituted by any Holder for the enforcement of the payment of the principal
of, or premium, if any, or interest on, any Debt Security on or after the due date for such payment expressed in such Debt Security. 

ARTICLE VII 
 CONCERNING
THE TRUSTEE 
 Section 7.01 Certain Duties and Responsibilities. The Trustee, prior to the occurrence of an Event of Default
and after the curing or waiving of all Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default has occurred (which has not been
cured or waived), 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 man would exercise or use under the circumstances in the conduct of
his 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, its own bad faith or its own willful misconduct, except that: 

  
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 (a) this paragraph shall not be construed to limit the effect of the first paragraph of this
Section 7.01; 
 (b) prior to the occurrence of an Event of Default with respect to the Debt Securities of a series and after the curing
or waiving of all Events of Default with respect to such series which may have occurred: 
 (i) the duties and obligations of
the Trustee with respect to Debt Securities of any series shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and obligations with respect to such
series as are specifically set forth in this Indenture, and no implied covenants or obligations with respect to such series shall be read into this Indenture against the Trustee; 

(ii) in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon any 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; but the Trustee shall examine the
evidence furnished to it pursuant to Sections 4.05 and 4.06 to determine whether or not such evidence conforms to the requirement of this Indenture; 

(iii) the Trustee shall not be liable for an 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; and 
 (iv) the Trustee shall not be liable with
respect to any action taken or omitted to be taken by it with respect to Debt Securities of any series in good faith in accordance with the direction of the Holders of a majority in aggregate principal amount of the Outstanding Debt Securities of
that series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to Debt Securities of such
series. 
 None of the provisions of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any
personal financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there shall be 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. 

  
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 Section 7.02 Certain Rights of Trustee. Except as otherwise provided in
Section 7.01: 
 (a) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note or other paper or document (whether in its original or facsimile form) believed by it to be genuine and to have been signed or presented by the
proper party or parties; 
 (b) any request, direction, order or demand of either of the Issuers mentioned herein shall be sufficiently;
evidenced by an Issuer Order (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors of an Issuer may be evidenced to the Trustee by a copy thereof certified by its Secretary or an
Assistant Secretary; 
 (c) the Trustee may consult with counsel, and the advice of such counsel or any Opinion of Counsel shall be full and
complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such advice or Opinion of Counsel; 

(d) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or
direction of any of the Holders of Debt Securities of any series pursuant to the provisions of this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which
may be incurred therein or thereby; 
 (e) the Trustee shall not be liable for any action taken or omitted 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; 
 (f) prior to the
occurrence of an Event of Default and after the curing of all Events of Default which may have occurred, 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, approval or other paper or document, unless requested in writing to do so by the Holders of a majority in aggregate principal amount of the then Outstanding Debt Securities of a series
affected by such matter; provided, however, that if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is not, in the opinion of the Trustee,
reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require reasonable indemnity against such costs, expenses or liabilities as a condition to so proceeding, and the reasonable expense of
every such investigation shall be paid by the Issuers or, if paid by the Trustee, shall be repaid by the Issuers upon demand; 
 (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 by it with due care hereunder; and 

  
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 (h) if any property other than cash shall at any time be subject to a Lien in favor of the
Holders, the Trustee, if and to the extent authorized by a receivership or bankruptcy court of competent jurisdiction or by the supplemental instrument subjecting such property to such Lien, shall be entitled to make advances for the purpose of
preserving such property or of discharging tax Liens or other prior Liens or encumbrances thereon. 
 Section 7.03 Trustee Not
Liable for Recitals in Indenture or in Debt Securities. The recitals contained herein, in the Debt Securities (except the Trustee’s certificate of authentication) shall be taken as the statements of the Issuers, and the Trustee assumes no
responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debt Securities of any series, except that the Trustee represents that it is duly authorized to
execute and deliver this Indenture, authenticate the Debt Securities and perform its obligations hereunder, and that the statements made by it or to be made by it in a Statement of Eligibility and Qualification on Form
T-1 supplied to the Issuers are true and accurate. The Trustee shall not be accountable for the use or application by the Issuers of any of the Debt Securities or of the proceeds thereof. 

Section 7.04 Trustee, Paying Agent or Registrar May Own Debt Securities. The Trustee or any paying agent or Registrar, in its
individual or any other capacity, may become the owner or pledgee of Debt Securities and subject to the provisions of the TIA relating to conflicts of interest and preferential claims may otherwise deal with the Issuers with the same rights it would
have if it were not Trustee, paying agent or Registrar. 
 Section 7.05 Moneys Received by Trustee to Be Held in Trust. Subject
to the provisions of Section 11.05, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the
extent required by law. The Trustee shall be under no liability for interest on any moneys received by it hereunder. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from
time to time to the Issuers upon an Issuer Order. 
 Section 7.06 Compensation and Reimbursement. The Issuers covenant and agree
to pay in Dollars to the Trustee from time to time, and the Trustee shall be entitled to, reasonable compensation for all services rendered by it hereunder (which shall not be limited by any provision of law in regard to the compensation of a
trustee of an express trust), and, except as otherwise expressly provided herein, the Issuers will pay or reimburse in Dollars the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in
accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents, attorneys and counsel and of all Persons not regularly in its employ), including without limitation,
Section 6.02, except any such expense, disbursement or advances as may arise from its negligence, willful misconduct or bad faith. The Issuers also covenant to indemnify in Dollars the Trustee for, and to hold it harmless against, any loss,
liability or expense incurred without negligence, willful misconduct or bad faith on the part of the Trustee, arising out of or in connection with the acceptance or administration of this trust or trusts hereunder, including the reasonable costs and
expenses of defending itself against any claim of liability in connection with the exercise or performance of any of its powers or duties hereunder. The obligations of the Issuers under this Section 7.06 to compensate and indemnify the Trustee
and to pay or reimburse the Trustee for expenses, disbursements and advances shall constitute additional Debt hereunder and shall survive the satisfaction and discharge of this Indenture. The Issuers and the Holders agree that such additional Debt
shall be secured by a Lien prior to that of the Debt 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, particular Debt
Securities. 

  
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 When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.01(e) or (f) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 

Section 7.07 Right of Trustee to Rely on an Officers’ Certificate Where No Other Evidence Specifically
Prescribed. Except as otherwise provided in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or
suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and
established by an Officers’ Certificate delivered to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it
under the provisions of this Indenture upon the faith thereof. 
 Section 7.08 Separate Trustee; Replacement of Trustee. The
Issuers may, but need not, appoint a separate Trustee for any one or more series of Debt Securities. The Trustee may resign with respect to one or more or all series of Debt Securities at any time by giving notice to the Issuers. The Holders of a
majority in aggregate principal amount of the Debt Securities of a particular series may remove the Trustee for such series and only such series by so notifying the Trustee and may appoint a successor Trustee. The Issuers shall remove the Trustee
if: 
 (a) the Trustee fails to comply with Section 7.10; 

(b) the Trustee is adjudged bankrupt or insolvent; 

(c) a Custodian takes charge of the Trustee or its property; or 

(d) the Trustee otherwise becomes incapable of acting. 

If the Trustee resigns, is removed by the Issuers or by the Holders of a majority in aggregate principal amount of the Debt Securities of a
particular series and such Holders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Issuers shall
promptly appoint a successor Trustee. No resignation or removal of the Trustee and no appointment of a successor Trustee shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable
requirements of this Section 7.08. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee
and to the Issuers. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a
notice of its succession to Holders of Debt Securities of each applicable series. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the Lien provided for in Section 7.06. 

  
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 If a successor Trustee does not take office within 60 days after the retiring Trustee gives
notice of resignation or is removed, the retiring Trustee or the Holders of 25% in aggregate principal amount of the Debt Securities of any applicable series may petition any court of competent jurisdiction for the appointment of a successor Trustee
for the Debt Securities of such series. 
 If the Trustee fails to comply with Section 7.10, any Holder of Debt Securities of any
applicable series may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee for the Debt Securities of such series. 

Notwithstanding the replacement of the Trustee pursuant to this Section 7.08, the Issuers’ obligations under Section 7.06 shall
continue for the benefit of the retiring Trustee. 
 In the case of the appointment hereunder of a separate or successor Trustee with
respect to the Debt Securities of one or more series, the Issuers, any retiring Trustee and each successor or separate Trustee with respect to the Debt Securities of any applicable series shall execute and deliver an Indenture supplemental hereto
(i) which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of any retiring Trustee with respect to the Debt Securities of any series as to which any such retiring
Trustee is not retiring shall continue to be vested in such retiring Trustee and (ii) that 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 separate, retiring
or successor 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. 

Section 7.09 Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into, or transfers all or
substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee. 

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

  
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 Section 7.10 Eligibility; Disqualification. The Trustee shall at all times
satisfy the requirements of Section 310(a) of the TIA. The Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. No obligor upon the Debt Securities of a
particular series or Person directly or indirectly controlling, controlled by or under common control with such obligor shall serve as Trustee for the Debt Securities of such series. The Trustee shall comply with Section 310(b) of the TIA;
provided, however, that there shall be excluded from the operation of Section 310(b)(1) of the TIA this Indenture or any indenture or indentures under which other securities or certificates of interest or participation in other securities of
the Issuers are outstanding if the requirements for such exclusion set forth in Section 310(b)(1) of the TIA are met. 

Section 7.11 Preferential Collection of Claims Against Issuers. The Trustee shall comply with Section 311(a) of the TIA,
excluding any creditor relationship listed in Section 311(b) of the TIA. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the TIA to the extent indicated therein. 

Section 7.12 Compliance with Tax Laws. The Trustee hereby agrees to comply with all U.S. Federal income tax information reporting
and withholding requirements applicable to it with respect to payments of premium (if any) and interest on the Debt Securities, whether acting as Trustee, Registrar, paying agent or otherwise with respect to the Debt Securities.  

ARTICLE VIII 
 CONCERNING
THE HOLDERS 
 Section 8.01 Evidence of Action by Holders. Whenever in this Indenture it is provided that the Holders of a
specified percentage in aggregate principal amount of the Debt Securities of any or all series may take action (including the making of any demand or request, the giving of any direction, notice, consent or waiver or the taking of any other action)
the fact that at the time of taking any such action the Holders of such specified percentage have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by Holders in Person or by agent or
proxy appointed in writing, (b) by the record of the Holders voting in favor thereof at any meeting of Holders duly called and held in accordance with the provisions of Section 5.02, (c) by a combination of such instrument or instruments
and any such record of such a meeting of Holders or (d) in the case of Debt Securities evidenced by a Global Security, by any electronic transmission or other message, whether or not in written format, that complies with the Depositary’s
applicable procedures. 
 Section 8.02 Proof of Execution of Instruments and of Holding of Debt Securities. Subject to the
provisions of Sections 7.01, 7.02 and 13.09, proof of the execution of any instrument by a Holder or his agent or proxy shall be sufficient if made in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in
such manner as shall be satisfactory to the Trustee. The ownership of Debt Securities of any series shall be proved by the Debt Security Register or by a certificate of the Registrar for such series. The Trustee may require such additional proof of
any matter referred to in this Section 8.02 as it shall deem necessary. 
 Section 8.03 Who May Be Deemed Owner of Debt
Securities. Prior to due presentment for registration of transfer of any Debt Security, the Issuers, the Trustee, any paying agent and any Registrar may deem and treat the Person in whose name any Debt Security shall be registered upon the books of
the Issuers as the absolute owner of such Debt Security (whether or not such Debt 

  
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Security shall be overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the principal of and premium, if any,
and (subject to Section 2.12) interest on such Debt Security and for all other purposes, and none of the Issuers or the Trustee nor any paying agent nor any Registrar shall be affected by any notice to the contrary; and all such payments so
made to any such Holder for the time being, or upon his order, shall be valid and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys payable upon any such Debt Security. 

None of the Issuers, the Trustee, any paying agent or any Registrar will have any responsibility or liability for any aspect of the records
relating to or payments made on account of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

Section 8.04 Instruments Executed by Holders Bind Future Holders. At any time prior to (but not after) the evidencing to the
Trustee, as provided in Section 8.01, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Debt Securities of any series specified in this Indenture in connection with such action and subject to the
following paragraph, any Holder of a Debt Security which is shown by the evidence to be included in the Debt Securities the Holders of which have consented to such action may, by filing written notice with the Trustee at its corporate trust office
and upon proof of holding as provided in Section 8.02, revoke such action so far as concerns such Debt Security. Except as aforesaid any such action taken by the Holder of any Debt Security shall be conclusive and binding upon such Holder and
upon all future Holders and owners of such Debt Security and of any Debt Security issued upon transfer thereof or in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon such Debt Security or
such other Debt Securities. Any action taken by the Holders of the percentage in aggregate principal amount of the Debt Securities of any series specified in this Indenture in connection with such action shall be conclusively binding upon the
Issuers, the Trustee and the Holders of all the Debt Securities of such series. 
 The Issuers may, but shall not be obligated to, fix a
record date for the purpose of determining the Holders of Debt Securities entitled to give their consent or take any other action required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the
immediately preceding paragraph, those Persons who were Holders of Debt Securities at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to
take any such action, whether or not such Persons continue to be Holders of Debt Securities after such record date. No such consent shall be valid or effective for more than 120 days after such record date unless the consent of the Holders of the
percentage in aggregate principal amount of the Debt Securities of such series specified in this Indenture shall have been received within such 120-day period. 

ARTICLE IX 
 SUPPLEMENTAL
INDENTURES 
 Section 9.01 Purposes for Which Supplemental Indenture May Be Entered into Without Consent of Holders. The
Issuers and the Trustee may from time to time and at any time, without the consent of Holders, enter into an Indenture or Indentures supplemental hereto (which shall conform to the provisions of the TIA as in force at the date of the execution
thereof) for one or more of the following purposes: 

  
 41 

 (a) to evidence the succession pursuant to Article X of another Person to either of the
Issuers, or successive successions, and the assumption by the Successor Company (as defined in Section 10.01) of the covenants, agreements and obligations of its predecessor Issuer in this Indenture and in the Debt Securities; 

(b) to surrender any right or power herein conferred upon the Issuers, to add to the covenants of the Issuers such further covenants,
restrictions, conditions or provisions for the protection of the Holders of all or any series of Debt Securities (and if such covenants are to be for the benefit of less than all series of Debt Securities, stating that such covenants are expressly
being included solely for the benefit of such series) as the Board of Directors shall consider to be for the protection of the Holders of such Debt Securities, and to make the occurrence, or the occurrence and continuance, of a Default in any of
such additional covenants, restrictions, conditions or provisions a Default or an Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture; provided, that in respect of any such additional
covenant, restriction, condition or provision such supplemental Indenture may provide for a particular period of grace after Default (which period may be shorter or longer than that allowed in the case of other Defaults) or may provide for an
immediate enforcement upon such Default or may limit the remedies available to the Trustee upon such Default or may limit the right of the Holders of a majority in aggregate principal amount of any or all series of Debt Securities to waive such
Default; 
 (c) to cure any ambiguity or omission or to correct or supplement any provision contained herein, in any supplemental Indenture
or in any Debt Securities of any series that may be defective or inconsistent with any other provision contained herein, in any supplemental Indenture or in the Debt Securities of such series; 

(d) to permit the qualification of this Indenture or any Indenture supplemental hereto under the TIA as then in effect, except that nothing
herein contained shall permit or authorize the inclusion in any Indenture supplemental hereto of the provisions referred to in Section 316(a)(2) of the TIA; 

(e) to permit or facilitate the issuance of Debt Securities of any series in uncertificated form; 

(f) to make any change that does not adversely affect the rights hereunder of any Holder; 

(g) to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Debt Securities; provided,
however, that any such addition, change or elimination not otherwise permitted under this Section 9.01 shall neither apply to any Debt Security of any series created prior to the execution of such supplemental Indenture and entitled to the
benefit of such provision nor modify the rights of the Holder of any such Debt Security with respect to such provision or shall become effective only when there is no such Debt Security Outstanding; 

  
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 (h) to evidence and provide for the acceptance of appointment hereunder by a successor or
separate Trustee with respect to the Debt 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; and 
 (i) to establish the form or terms of Debt Securities of any series as permitted by Sections 2.01 and 2.03. 

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. 
 Any supplemental Indenture authorized by
the provisions of this Section 9.01 may be executed by the Issuers and the Trustee without the consent of the Holders of any of the Debt Securities at the time Outstanding, notwithstanding any of the provisions of Section 9.02. 

Section 9.02 Modification of Indenture with Consent of Holders of Debt Securities. Without notice to any Holder but with the
consent (evidenced as provided in Section 8.01) of the Holders of a majority in aggregate principal amount of the Outstanding Debt Securities of each series affected by such supplemental Indenture (including consents obtained in connection with
a tender offer or exchange offer for any such series of Debt Securities), (i) the Issuers, when authorized by resolutions of each Issuer’s Board of Directors, and the Trustee may from time to time and at any time enter into an Indenture or
Indentures supplemental hereto (which shall conform to the provisions of the TIA as in force at the date of execution thereof) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this
Indenture or of any supplemental Indenture or of modifying in any manner the rights of the Holders of the Debt Securities of such series, and (ii) subject to Sections 6.04 and 6.06, any existing Default or Event of Default or compliance with
any provision of this Indenture or the Debt Securities of such series may be waived; provided, that no such supplemental Indenture or waiver, without the consent of the Holders of each Debt Security so affected, shall: reduce the rate of or extend
the time for payment of interest on any Debt Security; reduce the principal of or extend the Stated Maturity of any Debt Security; reduce any premium payable upon the redemption of any Debt Security or change the time at which any Debt Security may
or shall be redeemed in accordance with Article III; make any Debt Security payable in currency other than that stated in such Debt Security; impair the right of any Holder to receive payment of premium, if any, principal of and interest on such
Holder’s Debt Securities on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Debt Securities; release any security that may have been granted in respect of the Debt
Securities, other than in accordance with this Indenture; make any change in Section 6.06 or this Section 9.02 (except to increase any percentage set forth therein or herein); waive any redemption payment with respect to any Debt Security
(except as may be permitted by Sections 2.01 and 2.03 in the case of a particular series of Debt Securities); or make any change in this Section 9.02 (except to increase any percentage set forth herein). 

  
 43 

 A supplemental Indenture which changes or eliminates any covenant or other provision of this
Indenture which has been expressly included solely for the benefit of one or more particular series of Debt Securities or which modifies the rights of the Holders of Debt 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 Debt Securities of any other series. 
 Upon the request of
the Issuers, accompanied by a copy of resolutions of the Board of Directors of each Issuer authorizing the execution of any such supplemental Indenture, and upon the filing with the Trustee of evidence of the consent of Holders as aforesaid, the
Trustee shall join with the Issuers in the execution of such supplemental Indenture unless such supplemental Indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in
its discretion but shall not be obligated to enter into such supplemental Indenture. 
 It shall not be necessary for the consent of the
Holders under this Section 9.02 to approve the particular form of any proposed supplemental Indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

After an amendment under this Section 9.02 requiring the consent of the Holders of any series of Debt Securities becomes effective, the
Issuers shall mail to Holders of that series of Debt Securities of each series affected thereby a notice briefly describing such amendment. The failure to give such notice to any such Holders, or any defect therein, shall not impair or affect the
validity of an amendment under this Section 9.02 with respect to other Holders. 
 Section 9.03 Effect of Supplemental
Indentures . Upon the execution of any supplemental Indenture pursuant to the provisions of this Article IX, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations
of rights, obligations, duties and immunities under this Indenture of the Trustee, the Issuers and the Holders shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the
terms and conditions of any such supplemental Indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 

The Trustee, subject to the provisions of Sections 7.01 and 7.02, may receive an Officers’ Certificate and an Opinion of Counsel as
conclusive evidence that any such supplemental Indenture complies with the provisions of this Article IX. 
 Section 9.04 Debt
Securities May Bear Notation of Changes by Supplemental Indentures. Debt Securities of any series authenticated and delivered after the execution of any supplemental Indenture pursuant to the provisions of this Article IX 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. New Debt Securities of any series so modified as to conform, in the opinion of the Trustee and the Board of
Directors, to any modification of this Indenture contained in any such supplemental Indenture may be prepared and executed by the Issuers, authenticated by the Trustee and delivered in exchange for the Debt Securities of such series then
Outstanding. Failure to make the appropriate notation or to issue a new Debt Security of such series shall not affect the validity of such amendment. 

  
 44 

 ARTICLE X 

CONSOLIDATION, MERGER, SALE OR CONVEYANCE 

Section 10.01 Consolidations and Mergers of the Issuers. Neither of the Issuers may consolidate or amalgamate with or merge with
or into any Person, or sell, convey, transfer, lease or otherwise dispose of all or substantially all its assets to any Person, whether in a single transaction or a series of related transactions, unless: (a) either (i) such Issuer shall be the
surviving Person in the case of a merger or (ii) the resulting, surviving or transferee Person if other than such Issuer (the “Successor Company”), shall be a partnership, limited liability company or corporation organized and
existing under the laws of the United States, any State thereof or the District of Columbia (provided that Finance Corp. may not consolidate or amalgamate with or merge into another Person other than a corporation satisfying such requirements so
long as the Partnership is not a corporation), and the Successor Company shall expressly assume, by an Indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, all the obligations of such Issuer
under this Indenture and the Debt Securities according to their tenor; (b) immediately after giving effect to such transaction or series of transactions (and treating any Debt which becomes an obligation of the Successor Company or any
Subsidiary of such Issuer as a result of such transaction as having been incurred by the Successor Company or such Subsidiary at the time of such transaction or series of transactions), no Default or Event of Default would occur or be continuing;
and (c) the Issuers shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, amalgamation, merger or disposition and such supplemental Indenture (if any) comply with this
Indenture. 
 Section 10.02 Rights and Duties of Successor Company. In case of any consolidation, amalgamation or merger where
such Issuer is not the continuing Person, or disposition of all or substantially all of the assets of such Issuer in accordance with Section 10.01, the Successor Company shall succeed to and be substituted for such Issuer with the same effect
as if it had been named herein as the respective party to this Indenture, and the predecessor entity shall be released from all liabilities and obligations under this Indenture and the Debt Securities, except that no such release will occur in the
case of a lease of all or substantially all of such Issuer’s assets. The Successor Company thereupon may cause to be signed, and may issue either in its own name or in the name of such Issuer, any or all the Debt Securities issuable hereunder
which theretofore shall not have been signed by or on behalf of such Issuer and delivered to the Trustee; and, upon the order of the Successor Company, instead of such Issuer, and subject to all the terms, conditions and limitations in this
Indenture prescribed, the Trustee shall authenticate and shall deliver any Debt Securities which previously shall have been signed and delivered by or on behalf of such Issuer to the Trustee for authentication, and any Debt Securities which the
Successor Company thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the Debt Securities so issued shall in all respects have the same legal rank and benefit under this Indenture as the Debt Securities theretofore
or thereafter issued in accordance with the terms of this Indenture as though all such Debt Securities had been issued at the date of the execution hereof. 

In case of any such consolidation, amalgamation, merger, sale or disposition such changes in phraseology and form (but not in substance) may
be made in the Debt Securities thereafter to be issued as may be appropriate. 

  
 45 

 ARTICLE XI 

SATISFACTION AND DISCHARGE OF 

INDENTURE; DEFEASANCE; UNCLAIMED MONEYS 

Section 11.01 Applicability of Article. The provisions of this Article XI relating to discharge or defeasance of Debt Securities
shall be applicable to each series of Debt Securities except as otherwise specified pursuant to Section 2.03 for Debt Securities of such series. 

Section 11.02 Satisfaction and Discharge of Indenture; Defeasance. 

(a) If at any time the Issuers shall have delivered to the Trustee for cancellation all Debt Securities of any series theretofore authenticated
and delivered (other than any Debt Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.09 and Debt Securities for whose payment money has theretofore been
deposited in trust and thereafter repaid to the Issuers as provided in Section 11.05) or all Debt Securities of such series not theretofore delivered to the Trustee for cancellation shall have become due and payable by reason of the giving of a
notice of redemption or otherwise, or are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and the
Issuers shall irrevocably deposit with the Trustee as trust funds the entire amount in cash sufficient, without consideration of any investment of interest, to pay and discharge the entire indebtedness of all Debt Securities of such series not
theretofore delivered to the Trustee for cancellation, for principal and premium, if any, and accrued interest to the date of such deposit (in the case of Debt Securities that have become due and payable) or to the stated maturity or Redemption
Date, as the case may be, and if in either case the Issuers shall also pay or cause to be paid all other sums payable hereunder by the Issuers with respect to the Debt Securities of such series, then this Indenture shall cease to be of further
effect (except as to any surviving rights of registration of transfer or exchange of such Debt Securities herein expressly provided for) with respect to the Debt Securities of such series, and the Trustee, on demand of the Issuers accompanied by an
Officers’ Certificate and an Opinion of Counsel and at the cost and expense of the Issuers, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to the Debt Securities of such series. 

(b) Subject to Sections 11.02(c), 11.03 and 11.07, the Issuers at any time may terminate, with respect to Debt Securities of a particular
series, all their obligations under the Debt Securities of such series and this Indenture with respect to the Debt Securities of such series (“legal defeasance option”) or the operation of (w) Sections 4.09 and 4.10, (x) any covenant
made applicable to such Debt Securities pursuant to Section 2.03, (y) Sections 6.01(d) and (g) (“covenant defeasance option”). The Issuers may exercise their legal defeasance option notwithstanding their prior exercise of their
covenant defeasance option. 
 If the Issuers exercise their legal defeasance option, payment of the Debt Securities of the defeased series
may not be accelerated because of an Event of Default. If the Issuers exercise their covenant defeasance option, payment of the Debt Securities of the defeased series may not be accelerated because of an Event of Default specified in Sections
6.01(d) and (g). Upon satisfaction of the conditions set forth herein and upon request of the Issuers, the Trustee shall acknowledge in writing the discharge of those obligations that the Issuers terminate. 

  
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 (c) Notwithstanding clauses (a) and (b) above, the Issuers’ obligations in
Sections 2.07, 2.09, 4.02, 4.03, 4.04, the last sentence of 4.05(a), 4.06(a), 5.01, 7.06, 11.05, 11.06 and 11.07 shall survive until the Debt Securities of the defeased series have been paid in full. Thereafter, the Issuers’ obligations in
Sections 7.06, 11.05 and 11.06 shall survive. 
 Section 11.03 Conditions of Defeasance. The Issuers may exercise their legal
defeasance option or their covenant defeasance option with respect to Debt Securities of a particular series only if: 
 (a) the Issuers
irrevocably deposit in trust with the Trustee money or U.S. Government Obligations for the payment of principal of, and premium, if any, and interest on, the Debt Securities of such series to final maturity or redemption, as the case may be; 

(b) the Issuers deliver to the Trustee a certificate from a nationally recognized firm of independent accountants expressing their opinion that
the payments of principal and interest when due and without reinvestment on the deposited U.S. Government Obligations plus any deposited money without investment will provide cash at such times and in such amounts as will be sufficient to pay the
principal, premium, if any, and interest when due on all the Debt Securities of such series to final maturity or redemption, as the case may be; 

(c) 91 days pass after the deposit is made and during the 91-day period no Default specified in
Section 6.01(e) or (f) with respect to the Issuers occurs which is continuing at the end of the period; 
 (d) no Default has
occurred and is continuing on the date of such deposit and after giving effect thereto; 
 (e) the deposit does not constitute a default
under any other agreement binding on the Issuers; 
 (f) the Issuers deliver to the Trustee an Opinion of Counsel to the effect that the
trust resulting from the deposit does not constitute, or is qualified as, a regulated investment company under the Investment Company Act of 1940; 

(g) in the event of the legal defeasance option, the Issuers shall have delivered to the Trustee an Opinion of Counsel stating that the Issuers
have received from the Internal Revenue Service a ruling, or since the date of this Indenture there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall
confirm that, the Holders of Debt Securities of such series will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income tax on the same amounts, in the same manner and
at the same times as would have been the case if such defeasance had not occurred; 

  
 47 

 (h) in the event of the covenant defeasance option, the Issuers shall have delivered to the
Trustee an Opinion of Counsel to the effect that the Holders of Debt Securities of such series will not recognize income, gain or loss for Federal income tax purposes as a result of such covenant defeasance and will be subject to Federal income tax
on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred; and 

(i) the Issuers deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent to
the defeasance and discharge of the Debt Securities of such series as contemplated by this Article XI have been complied with. 
 Before or
after a deposit, the Issuers may make arrangements satisfactory to the Trustee for the redemption of Debt Securities of such series at a future date in accordance with Article III. 

Section 11.04 Application of Trust Money. The Trustee shall hold in trust money or U.S. Government Obligations deposited with it
pursuant to this Article XI. It shall apply the deposited money and the money from U.S. Government Obligations through any paying agent and in accordance with this Indenture to the payment of principal of, and premium, if any, and interest on, the
Debt Securities of the defeased series. 
 Section 11.05 Repayment to Issuers. The Trustee and any paying agent shall promptly
turn over to the Issuers upon request any excess money or securities held by them at any time. Subject to any applicable abandoned property law, the Trustee and any paying agent shall pay to the Issuers upon request any money held by them for the
payment of principal, premium or interest that remains unclaimed for two years, and, thereafter, Holders entitled to such money must look to the Issuers for payment as general creditors. 

Section 11.06 Indemnity for Government Obligations. The Issuers shall pay and shall indemnify the Trustee and the Holders against
any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations. 

Section 11.07 Reinstatement. If the Trustee or any paying agent is unable to apply any money or U.S. Government Obligations in
accordance with this Article XI by reason of any legal proceeding or by reason of any order or judgment of any court or government authority enjoining, restraining or otherwise prohibiting such application, the Issuers’ obligations under this
Indenture and the Debt Securities of the defeased series shall be revived and reinstated as though no deposit had occurred pursuant to this Article XI until such time as the Trustee or any paying agent is permitted to apply all such money or U.S.
Government Obligations in accordance with this Article XI. 
 ARTICLE XII 

[RESERVED] 
 This Article
XII has been intentionally omitted. 

  
 48 

 ARTICLE XIII 

MISCELLANEOUS PROVISIONS 

Section 13.01 Successors and Assigns of Issuers Bound by Indenture. All the covenants, stipulations, promises and agreements in
this Indenture contained by or in behalf of the Issuers or the Trustee shall bind their respective successors and assigns, whether so expressed or not. 

Section 13.02 Acts of Board, Committee or Officer of Successor Company Valid. Any act or proceeding by any provision of this
Indenture authorized or required to be done or performed by any board, committee or officer of either of the Issuers shall and may be done and performed with like force and effect by the like board, committee or officer of any Successor Company.

 Section 13.03 Required Notices or Demands. Any notice or communication by the Issuers or the Trustee to the others is duly
given if in writing in the English language and delivered in Person or mailed by registered or certified mail (return receipt requested), fax or overnight air courier guaranteeing next day delivery, to the other’s address: 

If to the Issuers: 
 Westlake
Chemical Partners LP 
 2801 Post Oak Boulevard, Suite 600 

Houston, Texas 77056 
 Attention:
General Counsel 
 Fax No. (713) 960-8761 

If to the Trustee: 

[                ] 

[                ] 

[                ] 

[                ] 

The Issuers or the Trustee by notice to the others may designate additional or different addresses for subsequent notices or communications.

 All notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five
Business Days after being deposited in the mail, postage prepaid, if mailed; on the first Business Day on or after being sent, if faxed and the sender receives confirmation of successful transmission; and the next Business Day after timely delivery
to the courier, if sent by overnight air courier guaranteeing next day delivery. 
 Any notice required or permitted to a Holder by the
Issuers or the Trustee pursuant to the provisions of this Indenture shall be deemed to be properly given (i) by being deposited postage prepaid in a post office letter box in the United States addressed to such Holder at the address of such
Holder as shown on the Debt Security Register or (ii) if the Holder is the Depository, by being given by such other means as the Depository may specify. Any report pursuant to Section 313 of the TIA shall be transmitted in compliance with
subsection (c) therein. 

  
 49 

 Notwithstanding the foregoing, any notice to Holders of Floating Rate Securities regarding
the determination of a periodic rate of interest, if such notice is required pursuant to Section 2.03, shall be sufficiently given if given in the manner specified pursuant to Section 2.03. 

In the event of suspension of regular mail service or by reason of any other cause it shall be impracticable to give notice by mail, then such
notification as shall be given with the approval of the Trustee shall constitute sufficient notice for every purpose hereunder. 
 In the
event it shall be impracticable to give notice by publication, then such notification as shall be given with the approval of the Trustee shall constitute sufficient notice for every purpose hereunder. 

Failure to mail a notice or communication to a Holder or any defect in it or any defect in any notice by publication as to a Holder shall not
affect the sufficiency of such notice with respect to other Holders. If a notice or communication is mailed or published in the manner provided above, it is conclusively presumed duly given. 

Section 13.04 Indenture and Debt Securities to Be Construed in Accordance with the Laws of the State of New York. THIS INDENTURE
AND EACH DEBT SECURITY SHALL BE DEEMED TO BE NEW YORK CONTRACTS, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE. 

Section 13.05 Officers’ Certificate and Opinion of Counsel to Be Furnished upon Application or Demand by the
Issuers. Upon any application or demand by the Issuers to the Trustee to take any action under any of the provisions of this Indenture, each of the Issuers shall furnish to the Trustee an Officers’ Certificate stating that all conditions
precedent provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with, except that in the case
of any such application or demand as to which the furnishing of such document is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished. 

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

Section 13.06 Payments Due on Legal Holidays. In any case where the date of maturity of interest on or principal of and premium,
if any, on the Debt Securities of a series or the date fixed for redemption or repayment of any Debt Security or the making of any sinking fund payment shall not be a Business Day at any Place of Payment for the Debt Securities of such series, then

  
 50 

 
payment of interest or principal and premium, if any, or the making of such sinking fund payment need not be made on such date at such Place of Payment, 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 date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date. If a record date is not a Business Day, the record
date shall not be affected. 
 Section 13.07 Provisions Required by TIA to Control. If and to the extent that any provision of
this Indenture limits, qualifies or conflicts with another provision included in this Indenture which is required to be included in this Indenture by any of Sections 310 to 318, inclusive, of the TIA, such required provision shall control. 

Section 13.08 Computation of Interest on Debt Securities. Interest, if any, on the Debt Securities shall be computed on the basis
of a 360-day year of twelve 30-day months, except as may otherwise be provided pursuant to Section 2.03. 

Section 13.09 Rules by Trustee, Paying Agent and Registrar. The Trustee may make reasonable rules for action by or a meeting of
Holders. The Registrar and any paying agent may make reasonable rules for their functions. 
 Section 13.10 No Recourse Against
Others. None of the past, present or future partners, incorporators, managers, members, directors, officers, employees, unitholders or stockholders of either Issuer, the general partner of the Partnership, as such, shall have any liability for
any obligations of the Issuers under the Debt Securities or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting a Debt Security, each Holder shall be deemed to have waived and
released all such liability. The waiver and release shall be part of the consideration for the issue of the Debt Securities. 

Section 13.11 Severability. In case any provision in this Indenture or the Debt 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 13.12 Effect of Headings. The article and section headings herein and in the Table of Contents are for convenience only
and shall not affect the construction hereof. 
 Section 13.13 Indenture May Be Executed in Counterparts. This Indenture may be
executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 

[Remainder of This Page Intentionally Left Blank.] 

  
 51 

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

			
	WESTLAKE CHEMICAL PARTNERS LP
		
	By:	 	Westlake Chemical Partners GP LLC, its General Partner
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	WLKP FINANCE CORP.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[                         ], as Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Indenture]

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