Document:

2050
MOTORS, INC.

 

SECURITIES
PURCHASE AGREEMENT

 

BY
AND BETWEEN

 

2050
MOTORS, INC.

 

AND

 

THE
INVESTOR

 

EFFECTIVE
AS OF AUGUST 26, 2019

 

 

 

    	 

    	 

    

 

SECURITIES
PURCHASE AGREEMENT

 

Series
B Preferred Stock

 

Securities
Purchase Agreement (this “Agreement”),
effective as of August 26, 2019, is entered into by and among 2050 Motors, Inc., a California corporation (the “Company”),
and Vikram Grover (the “Investor”). Certain capitalized terms used in this Agreement are defined in
Section 7.1 of this Agreement.

 

RECITALS

 

WHEREAS,
the Investor desires to purchase from the Company, and the Company desires to sell to the Investor, newly-authorized 1% Series
B Cumulative Convertible Preferred Stock, $.0001 par value per share, of the Company (the “Series B Preferred Stock”)
upon the terms and conditions set forth herein (the “Investment Transaction”); and

 

WHEREAS,
the Company has required as a condition and an inducement to its willingness to enter into this Agreement and to consummate the
Investment Transaction, that the Company and the Investors shall enter into a Stockholders’ Agreement with industry standard
definitions, protections, and stockholder rights and protections (the “Stockholders Agreement”).

 

NOW,
THEREFORE, in consideration of the foregoing, and of the mutual representations, warranties, covenants and agreements contained
in this Agreement and other valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereto
agree as follows:

 

Section
1. Authorization and Sale of Acquired Shares.

 

1.1
Authorization. The Company shall adopt and file with the Secretary of State of the State of California as soon as practicable
an amended Certificate of Determination disclosing the issuance of Series B Preferred shares to the Investor (the “Amended
Certificate”).

 

1.2
Purchase and Sale. On the basis of the representations, warranties, and agreements contained in this Agreement, and subject
to the terms and conditions of this Agreement, the Investor[s] shall purchase from the Company, and the Company shall sell, issue,
and deliver to the Investor 125,000 shares of the Series B Preferred Stock (such shares of Series B Preferred Stock issued to
the Investor, the “Acquired Shares”), representing 125,000 of the outstanding shares of Series B Preferred
Stock, at a purchase price of $0.20 per share (“Per Share Price”), or an aggregate of $25,000 (“Aggregate
Purchase Price”), payable by the Investor as set forth in Section 1.3 hereof.

 

1.3
Payment of Purchase Price. At the Closing, the Investor shall pay the Aggregate Purchase Price to the Company $25,000.00.

 

    	 

    	 

    

 

1.4
Use of Proceeds. The Company shall use the proceeds from the sale of the Acquired Shares for strategic investments, mergers
and acquisitions, and general corporate purposes.

 

1.5
The Closing. The closing of the purchase and sale of the Acquired Shares (“Closing”) shall take
place at 5:00 a.m., on August 26, 2019.

 

1.6
Deliveries at Closing. At the Closing or as soon as practicable after the Secretary of State of California approves the Company’s
Certificate of Determination for its newly-created Series B Preferred Shares, (a) the Company shall deliver to the Investor a
certificate or certificates representing the number of Acquired Shares being purchased by the Investor at the Closing, registered
in the name of the Investor, and (b) the Investor shall pay to the Company the $50,000.00 of accrued compensation in the manner
set forth in Section 1.3 hereof.

 

Section
2. Representations and Warranties of the Company. Except as set forth in any required disclosure schedules, dated as
of the date of this Agreement and attached hereto, that have been delivered by the Company to the Investor prior to the execution
and delivery of this Agreement (the “Disclosure Schedule”), which exceptions shall be deemed to part
of the representations and warranties made hereunder (the Disclosure Schedule shall be arranged in sections corresponding to the
numbered and lettered sections contained in Section 2, and each such exception set forth in the Disclosure Schedule however shall
not be deemed a disclosure or an exception with respect to any other section or sections of this Agreement unless reliance of
such items to such other section or sections is specifically referenced to each applicable item in the Disclosure Schedule), the
Company hereby represents and warrants to the Investor as follows:

 

2.1
Organization, Standing, and Power. The Company is a corporation duly incorporated, validly existing, and in good standing
under the Laws of the State of California and has the requisite corporate power and authority to own, lease, operate and otherwise
hold its properties and assets and to carry on its business as it is now being conducted. The Company is duly qualified or licensed
to do business as a corporation and is in good standing in each jurisdiction in which the character or location of the property
owned, leased, operated, or held by it or the nature of the business transacted by it makes such qualification or license necessary,
except where the failure to be so qualified or licensed would not, individually or in the aggregate, have a Material Adverse Effect
on the Company.

 

2.2
Authority; Due Execution. The Company has all the requisite corporate power and authority to execute and deliver, and to perform
its obligations hereunder and to consummate the Investment Transaction contemplated by, this Agreement. The execution, delivery,
and performance by the Company of this Agreement and the other Transaction Documents and the consummation of the transactions
contemplated hereby and thereby, including the Investment Transaction, have been duly and validly authorized by all necessary
corporate action on the part of the Company. This Agreement and the other Transaction Documents have been duly executed and delivered
by the Company and, assuming due and valid authorization, execution and delivery by the Investor, each will constitute a legal,
valid, and binding obligation of the Company, enforceable against it in accordance with its terms (except to the extent enforceability
may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratoriums, or similar Laws affecting creditors’
rights and remedies generally, (ii) the availability of the equitable remedy of specific performance and injunctive relief is
subject to the discretion of the court before which any proceedings may be brought, or (iii) applicable federal and state securities
Laws with respect to indemnification provisions contained in the Stockholders Agreement and Registration Rights Agreement (the
“Bankruptcy and Equity Exceptions”).

 

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2.3
No Conflict or Required Approvals.

 

(a)
Except as set forth in the Disclosure Schedule, neither the execution and delivery of this Agreement or any of the other Transaction
Documents, nor the consummation by the Company of Investment Transaction contemplated hereby, or compliance with any of the terms
or provisions herein by the Company will: (i) conflict with or violate any provision of the Articles of Incorporation or Bylaws,
of the Company, assuming the filing of the Amended Certificate of Determination in relation to the consummation of the Investment
Transaction, (ii) conflict with, violate, or constitute or result in a material breach of any term, condition, or provision of,
or constitute a default (with or without due notice or lapse of time or both) under, or give rise to any right of termination,
modification, cancellation, or acceleration of any obligation or the loss of any material benefit under, or require a Consent
pursuant to any of the terms, provisions, or conditions of any material loan or credit agreement, note, mortgage, indenture, deed
of trust, lease, sublease, license, sublicense, agreement, Permit, concession, franchise, security interest, instrument of indebtedness,
plan or other instrument, purchase order, or other agreement or Contract to which the Company or any of the Company’s Subsidiaries
is a party or by which they are bound or to which their properties or assets are subject, (iii) result in the imposition of any
Lien upon any properties or assets of the Company, or any of the Company Subsidiaries or in the suspension, revocation, forfeiture
or nonrenewal of any material Permit or license applicable to the Company or any of the Company’s Subsidiaries, or (iv)
conflict with or violate any judgment, order, writ, injunction, decree of any court, governmental, regulatory or administrative
agency, commission, authority, instrumentality, or other public body, domestic or foreign (a “Governmental Entity”),
or material Law applicable to the Company, or any of the Company Subsidiaries, or any of their respective assets or properties;
except in the case of clauses (ii), (iii), or (iv) of this Section 2.3(a), as would not have a Material Adverse Effect on the
Company or its ability to consummate and perform the terms of this Agreement.

 

(b)
Assuming the accuracy of the representations made by the Investor in Section 3 of this Agreement, no notice to, registration,
qualification, designation, declaration of, or filing by the Company with, or the Consent or Permit of, or any action by any Governmental
Entity or any other Person is required on the part of the Company in connection with the execution and delivery of this Agreement
or the other Transaction Documents, or the consummation the Investment Transaction, including, without limitation, the offer,
issuance, sale, and delivery of the Acquired Shares, except: (i) the filing of the Amended Certificate of Determination, which
shall be filed on closing or as soon as practicable, and (ii) the filings as may be required under applicable provisions of United
States federal securities Laws (including, if applicable, pursuant to Regulation D promulgated under the Securities Act of 1933,
as amended (the “Securities Act”)), and as may be required under applicable state securities Laws, each
of which will be filed timely within the applicable periods therefor.

 

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2.4
Capitalization.

 

(a)
The authorized capital stock of the Company as of the Closing Date, after giving effect to the filing of the Amended Certificate
but prior to giving effect to the Investment Transaction contemplated hereby, shall consist of: (i) three billion (3,000,000,000)
shares of common stock, par value nil per share (“Common Stock”), of which 1,654,560,305 shares will
be issued and outstanding, and no shares shall have been reserved for issuance pursuant to outstanding Options, none of which
have been issued under the Equity Incentive Plan, and (ii) ten million (10,000,000) shares of preferred stock (“Preferred
Stock”), of which (x) three million (3,000,000) shares have been designated as Series A Preferred Stock, par value
$.0001 per share (“Series A Preferred Stock”), three million (3,000,000) of which will be issued and
outstanding, and (y) six million (6,000,000) shares have been designated as Series B Preferred Stock, par value $.0001 per share
(“Series B Preferred Stock”), 400,000 of which will be issued and outstanding, and (z) one million (1,000,000)
shares shall have been designated as Series C Preferred Stock, par value $.0001 per share (“Series C Preferred Stock”),
one million (1,000,000) of which will he issued and outstanding. The Company holds no shares of Common Stock or Preferred Stock
as treasury shares. The rights, privileges, and preferences of the Series B Preferred Stock are as stated in a Certificate of
Determination filed with the Secretary of State of California.

 

(b)
Each share of Series A Preferred Stock is convertible into one (1) share of Common Stock and has fifty (50) votes on corporate
matters, and the outstanding shares of Series A Preferred Stock is convertible into an aggregate of three million (3) shares of
Common Stock. None of the Series A Preferred Stock issued by the Company has been converted into shares of Common Stock. The Company
has reserved no shares of Common Stock for issuance upon conversion of all the outstanding Series A Preferred Stock.

 

(c)
Each share of Series B Preferred Stock is convertible into one thousand (1,000) shares of Common Stock and has one thousand (1,000)
votes on corporate matters, and the outstanding shares of Series B Preferred Stock is convertible into an aggregate of no shares
of Common Stock. None of the Series B Preferred Stock issued by the Company has been converted into shares of Common Stock. The
Company has reserved no shares of Common Stock for issuance upon conversion of all the outstanding Series B Preferred Stock.

 

(d)
Each share of Series C Preferred Stock is convertible into one (1) share of Common Stock and has ten thousand (10,000) votes on
corporate matters, and the outstanding shares of Series C Preferred Stock is convertible into an aggregate of one million (1)
shares of Common Stock. None of the Series C Preferred Stock issued by the Company has been converted into shares of Common Stock.
The Company has reserved no shares of Common Stock for issuance upon conversion of all the outstanding Series C Preferred Stock.

 

(e)
All issued and outstanding shares of Common Stock and Preferred Stock have been duly authorized and validly issued and are fully
paid and nonassessable. All the issued and outstanding shares of capital stock of the Company have been offered, sold, and issued
by the Company in compliance with all registration or qualification provisions, or exemptions therefrom, under applicable federal
securities Laws and the blue sky and securities Laws of all other applicable jurisdictions.

 

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(f)
The Company has reserved no shares of Common Stock for issuance to officers, directors, employees, agents, and consultants pursuant
to any Equity Incentive Plan duly adopted by the Board of Directors and approved by the Company’s stockholders prior to
the date of this Agreement (the “Equity Incentive Plan”). As of the date of this Agreement, no shares
of Common Stock have been issued pursuant to restricted stock purchase agreements or Options granted under the Equity Incentive
Plan, forty million (20,000,000) shares of Common Stock are subject to issuance but not currently available for issuance or reserved
under outstanding and unexercised Options issued under warrant agreements for the Company’s Advisory Board (20,000,000 warrants
issued at a strike price of $.01, 50,000,000 authorized) and strategic consultants (10,000,000 warrants issued at a strike price
of $.005) (“Outstanding Options”), and no shares of Common Stock remain available for issuance pursuant
to future grants under the Equity Incentive Plan. The Company has provided the Investor with a true and complete copy of the Equity
Incentive Plan and all forms of awards and agreements used in connection therewith.

 

(g)
None of the Company’s outstanding Common Stock and Preferred Stock, and none shares of the Company’s Common Stock
underlying outstanding Options, and which may be issued upon conversion of Preferred Stock, are subject to a right a first refusal
in favor of the Company upon any proposed transfer.

 

2.5
Issuance of Acquired Shares and Conversion Shares. The issuance, sale, and delivery of the Acquired Shares to the Investor[s]
pursuant to the Investment Transaction and the issuance of shares of Common Stock upon conversion of the Acquired Shares (the
“Conversion Shares”) have been duly authorized by all necessary corporate action on the part of the
Company. The Company has not reserved any shares of Common Stock for issuance upon conversion of any of the outstanding Acquired
Shares. The Acquired Shares, when issued, sold, and delivered against payment therefor in accordance with the provisions of this
Agreement, and the Conversion Shares (none of which have been reserved for issuance), when issued and delivered upon conversion
of the Acquired Shares in accordance with their terms and the Amended Articles, will be duly authorized and validly issued, fully
paid and nonassessable, and the Investor will receive full ownership of the Acquired Shares and, when converted, the Conversion
Shares, free and clear of any Liens, or preemptive or other similar rights, except those set forth in the Transaction Documents.

 

2.6
Financial Statements.

 

(a)
Neither the Company nor any of the Company’s Subsidiaries has filed any voluntary petition in bankruptcy or suffered the
filing of an involuntary petition by its creditors, suffered the appointment of a receiver to take possession of substantially
all of its assets, or suffered the attachment or other judicial seizure of substantially all of its assets, or made an assignment
for the benefit of creditors or admitted in writing its inability to pay its debts generally as the same become due.

 

2.7
Tax Matters. The Company has duly filed or caused to be filed in a timely manner (within applicable extension periods) all
material Tax Returns and forms required to be filed by it and no material penalties or other charges are or will become due with
respect to any of Tax Returns as the result of the late filing thereof. All Tax Returns are true and complete in all material
respects. The Company (i) has paid all Taxes due or claimed to be due by any Taxing authority in connection with any of the Company’s
Tax Returns (without regard to whether or not such Taxes are shown as due on such Tax Returns), as well as all other Taxes, assessments,
and governmental charges which have become due and payable, including, without limitation, all Taxes which the Company is obligated
to withhold from amounts owing to employees, creditors, and third parties.

 

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2.8
Permits; No Violations; and Compliance with Laws.

 

(a)
The Company (i) is not in conflict with or in violation of any provision of its Articles of Incorporation or Bylaws, (ii) is not
in conflict with or in violation or breach of, or in default under (with or without due notice or lapse of time or both) material
loan or credit agreement, note, mortgage, indenture, deed of trust, lease, sublease, license, sublicense, agreement, Permit, concession,
franchise, security interest, instrument of indebtedness, plan or other instrument, purchase order, or other agreement or Contract
to which the Company or by which it is bound or to which its properties or assets are subject, (iii) is not in conflict with or
in violation of any judgment, order, writ, or decree of any Governmental Entity to which it the Company is a party or by which
it is bound, or, to the Knowledge of the Company, of any provision of any Laws of the United States and of all other jurisdictions
applicable to the Company or any of its assets or properties, and any Governmental Entity in respect of the conduct of its business,
and (iv) to the Knowledge of the Company, has not performed any act, the occurrence of which would result in the Company’s
loss of any right granted under any material license, distribution or other agreement.

 

2.9
No Litigation. There is not now pending or, to the Knowledge of the Company, threatened in writing, any litigation, suit,
claim, action, or proceeding, including, without limitation, arbitration proceeding, mediation, or other alternative dispute resolution
proceeding, to which the Company is or will be a party (or, as applicable, to the Knowledge of the Company, any of its directors,
officers or employees in their capacities as such is or will be a party) or by which its property or assets will or may be bound
or affected in or before or by any Governmental Entity which: (a) is against the Company or any director, officer, or employee
of the Company, including, without limitation, actions involving the prior employment of any of the Company’s employees,
their services provided in connection with the Company’s business, or any information or actions allegedly proprietary to
any of their prior employers or their obligations under any agreement with prior employers, (b) challenges or seeks to question
the validity of the Investment Transaction or prevent, enjoin, alter or materially delay any of the transactions contemplated
by this Agreement, (c) would be reasonably likely to threaten, impede, impair or adversely affect the obligation of the Company
to consummate the transactions contemplated by the Agreement, or (d) which is reasonably likely to have a Material Adverse Effect
on the Company. In addition to the foregoing, there is no judgment, decree, writ, injunction, rule or order of any Governmental
Entity or arbitrator outstanding against the Company or, to the Knowledge of the Company, against any of its directors, officers,
or employees which would affect the Company. The Company has not received any written notification of, and to the Knowledge of
the Company, there is no, investigation by any Governmental Entity involving the Company or any of the Company’s Subsidiaries
or any of their respective assets that would reasonably be likely to have, individually or in the aggregate, a Material Adverse
Effect on the Company and the Company Subsidiaries, taken as a whole. There is no litigation, suit, claim, action, or proceeding
by the Company pending or which the Company intends to initiate.

 

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2.10
Intellectual Property Rights.

 

(a)
The Company is the sole and exclusive owner of, or have a valid license or otherwise possess valid rights to use all Intellectual
Property Rights necessary provide, produce, use, sell and license the services and products currently provided, produced, used,
sold and licensed by the Company and to conduct the business of the Company as it is currently conducted, free and clear of all
Liens.

 

(b)
To the Knowledge of the Company, the conduct of the business of the Company as it is currently conducted and the products or services
produced, sold or licensed by or under development by the Company does not infringe, misappropriate or otherwise violate the Intellectual
Property Rights of any third party, or give rise to any obligations to any Person as a result of co-authorship, co-inventorship,
or an express or implied contract for any use or transfer. There are no pending or, to the Knowledge of the Company, threatened
any litigation, suit, claim, action, proceeding, hearing, investigation to demand that challenges the liability, validity, enforceability,
or the use or ownership by the Company of any portion of the Intellectual Property Rights owned by the Company or, to the Knowledge
of the Company, licensed to the Company. The Company has not received any written notice of any infringement or misappropriation
by, or conflict with, any third party with respect to such Intellectual Property Rights, and the Company has not received any
notice of claims of infringement or misappropriation of or other conflict with any Intellectual Property Right of any third party.

 

(c)
The Company has valid Licenses for all software used in the conduct of the business of the Company as it is currently conducted
and the Company has not been the subject of, or have been given notice of, any actual or proposed or threatened software license
audit by the Business Software Alliance or any other entity, association or Person. None of the software necessary for the business
of the Company is subject to an open source software license (including without limitation any GNU General Public License, Creative
Commons License, or any similar open source license). Neither execution of this Agreement nor completion of the transaction contemplated
herein will invalidate or violate any License or other agreement with respect to the Intellectual Property Rights owned or used
by the Company or any confidentiality agreement or non-disclosure agreement or provision to which the Company is subject.

 

2.11
Employee Matters and Benefit Plans.

 

(a)
Employment Matters. The Company is in material compliance with all applicable Laws relating to the employment and employment
practices, including Laws regarding discrimination, harassment, affirmative action, terms and conditions of employment, wage and
hour requirements (including the proper classification of, compensation paid to, and related withholding with respect to employees,
leased employees, consultants, and independent contractors), leaves of absence, equal opportunity, reasonable accommodation of
disabilities, occupational health and safety requirements, collective bargaining, workers’ compensation insurance and the
payment of social security and other Taxes. The Company is not a party to, nor to the Knowledge of the Company is threatened with,
any material litigation, action, suit, or proceeding by any current or former employee, including without limitation in respect
to deferred salary, benefits or severance.

 

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2.12
Related-Party Transactions. Except as set forth in Section 2.19 of the Disclosure Schedule:

 

(a)
neither the Company nor any Company Subsidiary is indebted, directly or indirectly, to any directors, officers, employees or stockholders
of the Company or any Company Subsidiary or to the Immediate Family Members of any such Person, or to any Affiliate of the foregoing,
other than amounts payable in connection with advances of expenses incurred in the ordinary course of business or for employee
benefits made available to all employees. None of the directors, officers, employees or stockholders of the Company or any Company
Subsidiary or the Immediate Family Members of any such Person are indebted, directly or indirectly, to the Company or any Company
Subsidiary.

 

(b)
to the Knowledge of the Company, no employee, officer or director of the Company or any Company Subsidiary, or Immediate Family
Members of such Person, or any Affiliate of the foregoing has any direct or indirect ownership interest in any firm or corporation
with which the Company or any Company Subsidiary is affiliated or with which the Company or any Company Subsidiary has a business
relationship or any firm or corporation that competes with the Company or any Company Subsidiary (other than the ownership of
less than 2% of the common equity of publicly-traded companies that may compete with the Company or any Company Subsidiary).

 

(c)
Other than the following: 1) further investment in Kanab Corp. (www.kanab.club), a social media Company targeting the global
cannabis industry owned and 50% owned by 2050 Motors and 50% owned by our CEO, Vikram Grover, and 2) a planned investment in ERide
Club Corp. (www.erideclub.com), an Internet platform targeting electric vehicle (“EV”) rentals, sales and services
owned and under development by our Advisory Board Member Aldo Baiocchi, no employee, officer or director of the Company or any
Company Subsidiary, or immediate family member of such Person, or any Affiliate of the foregoing (i) is directly or indirectly
interested in any material Contract or proposed transaction with the Company or any Company Subsidiary, other than standard employment
agreements, Options granted under the Equity Incentive Plan approved by the Board of Directors, and indemnification agreements
with officers and directors of the Company approved by the Board of Directors (all of such approvals reflected in the written
minutes of the Board of Directors previously provided to the Investor), or (ii) has a material relationship (including, without
limitation, commercial, banking, industrial, legal, accounting, consulting, charitable or familial relationship) with any customer,
service provider, supplier, licensee or licensor, or joint venture partner of the Company or any Company Subsidiary.

 

2.13
Environmental Matters.

 

(a)
Except as disclosed, or as would not have, individually or in the aggregate, a Material Adverse Effect on the Company: (i) to
the Knowledge of the Company, no Hazardous Materials have been generated, transported, used, disposed, stored or treated by the
Company or any Company Subsidiary and no Hazardous Materials have been released, discharged, disposed, transported, placed or
otherwise caused to enter the soil or water in violation with any Environmental Law in, under, or affecting any current or previously
owned or lease real properties of the Company, or any Participation Facility or any Owned Property of the Company; (ii) to the
Knowledge of the Company, the Company and the operation of its business, and all of its current and previously owned or operated
Participation Facilities and its Owned Properties are, and have been, in compliance in all material respects with all applicable
Environmental Laws; and (iii) there is no suit, claim, action, or proceeding pending or, to the Knowledge of the Company, threatened
before any Governmental Entity or other forum in which the Company, or any current or previously owned or operated Participation
Facility or Owned Property has been or, to the Knowledge of the Company with respect to threatened proceedings, may be named as
a defendant or a potentially responsible party (x) for alleged noncompliance (including by any predecessor) with any Environmental
Law, or (y) relating to the release into the environment of any Hazardous Material in violation of applicable Law, whether or
not occurring at, on, under, or involving a site owned, leased, or operated by the Company, or any of its Participation Facilities
or Owned Properties (or the Company in respect of any Participation Facility or Owned Property).

 

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2.14
Corporate Documents; Minute Book and Records. A copy of the minute books of the Company, which have been furnished or otherwise
made available to the Investor, contains the minutes of all meetings (or written consents without a meeting) of the Board of Directors
and of the stockholders of the Company since the Company’s date of incorporation, and accurately reflects (in all material
respects) all actions by the Board of Directors and stockholders with respect to all transactions referred to in such minutes.
The books of account, ledger, order books, records and documents of the Company, each of which have been furnished or otherwise
made available to the Investor, accurately and completely reflect all material information relating to the business of the Company,
the nature, acquisition, maintenance and, location and collection of each of, its assets, and the nature of all transactions giving
rise to the obligations or accounts receivable of the Company.

 

2.15
Full Disclosure. The Company has made available or provided to the Investor all information reasonably available to the Company
that the Investor have requested in connection with their decision whether to purchase the Acquired Shares, including certain
of the Company’s projections describing the proposed business plan. No representation or warranty of the Company contained
in this Agreement, the exhibits hereto, any certificate furnished at Closing or in the other Transaction Documents contain any
untrue statement of a material fact nor, to the Knowledge of the Company, omit to state a material fact necessary in order to
make the statements contained herein or therein not misleading.

 

2.16
Certain Business Practices. Neither the Company or any Company Subsidiary nor, to the Knowledge of the Company, any director,
officer, agent or employee of the Company or any Company Subsidiary acting on behalf of the Company or any Company Subsidiary
has: (a) used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses relating to political activity
regarding the business of the Company or any Company Subsidiary, or (b) made, offered, promised, or authorized any unlawful payment
or gift of any money or anything of value to or for the benefit of foreign or domestic government officials or employees or to
foreign or domestic political parties or campaigns, in each case in violation of the Foreign Corrupt Practices Act of 1977, as
amended (“FCPA”). Neither the Company or any Company Subsidiary nor, to the Knowledge of the Company,
any director, officer, agent or employee of the Company or any Company Subsidiary have made or authorized any bribe, payoff, kickback,
payment for influence, rebate or other unlawful payment of funds or received or retained such funds in violation of any Law.

 

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2.17
Real Property Holding Corporation. The Company is not now and has never been a “United States real property holding
corporation” as defined in Section 897(c)(2) of the Code and regulations promulgated thereunder.

 

2.18
Qualified Small Business Stock. As of and immediately following the Closing, the Company meets and will meet all of the requirements
for qualification as a “qualified small business” set forth in Section 1202(d) of the Code, including without limitation
the following: (i) the Company will be a domestic C corporation, (ii) the Company’s (and any predecessor’s) aggregate
gross assets, as defined by Section 1202(d)(2) of the Code, at no time between the date of its incorporation and the Closing,
have exceeded U.S. $50 million, taking into account the assets of any corporations required to be aggregated with the Company
in accordance with Section 1202(d)(3)of the Code, (iii) the Company has not made any purchases of its own stock described in Section
1202(c)(3)(B) of the Code during the one year period preceding the Closing, and (iv) the Company is an eligible corporation as
defined by Section 1202(e)(4) of the Code; provided, however, that in no event shall the Company be liable to the Investor or
any other party for damages arising from subsequently proven or identified error in the Company’s determination with respect
to the applicability or interpretation of Section 1202 of the Code, unless the Company is grossly negligent or fraudulent in its
determination.

 

2.19
Small Business Concern. The Company is a “small business concern” under the Small Business Investment Act of 1958
(the “Small Business Act”) as defined in Section 121.301 of Title 13 of the Code of Federal Regulations
promulgated thereunder.

 

2.20
No Investment Company. The Company is not an “investment company” within the meaning of the Investment Company
Act of 1940, as amended.

 

Section
3. Representations and Warranties of the Investor. The Investor, severally and not jointly, the Investor hereby represents
and warrants to the Company as follows:

 

3.1
Authority; Due Execution.

 

(a)
The Investor has all the requisite power and authority to execute and deliver, and to perform its obligations hereunder and to
consummate the Investment Transaction contemplated by, this Agreement. The execution, delivery, and performance by each such Entity
Investor of this Agreement and the other Transaction Documents to which they are a party, and the consummation of the transactions
contemplated hereby and thereby, including the Investment Transaction, have been duly and validly authorized by all necessary
action on the part of the Entity Investor. This Agreement and other Transaction Documents to which they are a party have been
duly executed and delivered by each such Entity Investor and, assuming valid authorization, execution and delivery hereof by the
Company and each other Investors to this Agreement, each will constitute a legal, valid and binding obligation of such Equity
Investor enforceable against it in accordance with its terms (except to the extent enforceability may be limited by the Bankruptcy
and Equity Exceptions).

 

(b)
The Investor has the full legal capacity to execute and deliver, and to perform its obligations hereunder and to consummate the
Investment Transaction contemplated by this Agreement. This Agreement and the other Transaction Documents to which they are a
party have been duly executed and delivered by the Investor and, assuming valid authorization, execution and delivery hereof by
the Company, will constitute a legal, valid and binding obligation of such Investor enforceable against it in accordance with
its terms (except to the extent enforceability may be limited by the Bankruptcy and Equity Exceptions).

 

    	10

    	 

    

 

3.2
No Conflict or Required Approvals. Neither the execution and delivery of this Agreement and the other Transaction Documents
to which they are a party, nor the consummation by the Investor of Investment Transaction contemplated hereby, or compliance with
any of the terms or provisions herein by the Investor will (a) if an Entity Investor, conflict with or violate any provision of,
or require a Consent under such Entity Investor’s organizational, operating, and governance documents, (b) conflict with,
violate, or constitute or result in a material breach of any term, condition, or provision of, or constitute a default (with or
without due notice or lapse of time or both) under, or require a Consent pursuant to any of the terms, provisions, or conditions
any credit agreement, note, indenture, lease, or other instrument to which such Investor or by which any of its properties or
assets are subject bound, or (c) conflict with or violate any judgment, order, writ, injunction, decree of any Governmental Entity
or material Law applicable to such Investor or any of its assets or properties is subject. No notice, registration, qualification,
designation, declaration, or filing with, or the Consent or Permit of, or any action by any Governmental Entity is required on
the part of an Investor in connection with the execution and delivery of this Agreement or the other Transaction Documents, or
the consummation the Investment Transaction.

 

3.3
Investment Intent. Such Investor: (a) is the sole and true party in interest, and is acquiring its respective portion of the
Acquired Shares, and will acquire the Conversion Shares upon conversion of such Acquired Shares, solely for its own account, not
as a nominee or agent, for investment purposes only, and not with an intent or a view to the sale or distribution of any part
thereof within the meaning of Section 2(a)(11) of the Securities Act, (b) does not have any present intent of making a Transfer
of, granting a participation in, or otherwise distributing the Acquired Shares or any Conversion Shares (collectively, the “Securities”)
in a manner contrary to the Securities Act or the securities Laws of any other applicable jurisdiction, (c) does not have any
contract, undertaking, agreement, or arrangement with any Person to Transfer, grant any participation in, or otherwise distribute
any of the Securities to such Person, and (d) does not presently have any reason to anticipate any change in circumstances or
other particular occasion or event which would cause such Investor to need to sell the Securities, except in accordance with the
terms of this Agreement and in compliance with all applicable federal and state securities Laws.

 

3.4
Restricted Securities; Transfer Restrictions.

 

(a)
Such Investor affirms that it has been advised and understands that (i) none of the Securities have been registered under the
Securities Act or registered or qualified under the securities Laws of any other jurisdiction and are being sold in reliance upon
an exemption from registration under such Laws, (ii) such Investor may not Transfer the Securities unless they are subsequently
registered and qualified under such Laws or, in the opinion of counsel reasonably satisfactory to the Company, an exemption from
such registration and qualification is available, (iii) if an exemption from registration or qualification is available, it may
be conditioned on various legal, procedural and other requirements which are outside of the Investor’s control and which
the Company has no obligation and may not be able to satisfy, and (iv) such Investor is familiar with Rule 144 and Rule 144A as
presently in effect and recognizes that in the future the Company may not satisfy the requirements which would permit it to sell
the Securities pursuant to Rule 144 or Rule 144A promulgated under the Securities Act.

 

    	11

    	 

    

 

(b)
Such Investor understands and acknowledges that only the Company can register the Securities under applicable securities Laws,
and that the Company has no obligation to register or qualify the Securities under the Securities Act or the securities Laws of
any other jurisdiction except as set forth in the Registration Rights Agreement.

 

3.5
Knowledge, Experience, and Financial Capability.

 

(a)
Such Investor has sufficient knowledge and experience in financial and business matters and investing in companies similar to
the Company so that it is capable of evaluating the merits and risks of the investment contemplated by this Agreement and understands
and acknowledges that an investment in the Securities and the Company involves certain risks. Such Investor recognizes that no
public market for the Securities exists and none is expected to develop and, as result, when considered in relation to the Transfer
restrictions identified in Section 3.5 hereof, that an investment in the Securities may not be liquid and that such Investor must
bear the economic risk of the investment indefinitely. Such Investor is a sophisticated investor and has carefully considered
and evaluated the risks and benefits of an investment in the Securities and the Company and such Investor has taken full cognizance
of, understands, and is willing to bear the risks related to the purchase of the Securities.

 

(b)
Such Investor further represents that it has adequate means of providing for its current needs and possible contingencies, it
can afford to bear the economic risk of holding the Securities for an indefinite period of time, it has no need for liquidity
in its investment in the Securities, and it has the net worth sufficient to bear the risks of and to sustain a complete loss of
such Investor’s entire investment in the Company. Such Investor has been represented by counsel and other advisors of its
choosing.

 

3.6
Accredited Investor; Not a Bad Actor. Such Investor is: (a) an “accredited investor” as such term is defined in
Rule 501(a) promulgated under the Securities Act, and (b) is not subject to any “bad actor” disqualification as set
forth in Rule 506(d) of Regulation D or any similar disqualification provision that could adversely affect the Company’s
reliance on any federal or state securities registration exemption or that could otherwise adversely affect the offering of the
Securities.

 

3.7
Information Disclosed to Investor. Such Investor represents, acknowledges and confirms that prior to the sale of the Acquired
Shares to such Investor pursuant to this Agreement, such Investor (a) has been given an the opportunity to ask questions of, and
receive answers from, representatives of the Company concerning Company and the terms and conditions of the sale of the Acquired
Shares by the Company to such Investor and (b) has been given the opportunity to obtain any additional information which such
Investor deemed necessary to verify the accuracy of the information supplied to it. Such Investor confirms that it has been furnished
with all such requested information and all questions asked by such Investor have been answered to its full satisfaction. Such
Investor represents that in connection with its purchase of the Securities, it has not relied on any statement or representation
by the Company, or any of its officers and directors, or any of their attorneys or agents, except as specifically set forth herein
or provided pursuant to this Section 3.8. Such Investor confirms that it is aware and understands that no federal or state agency
has made any finding or determination as to the fairness of this offering nor has made any recommendation or endorsement of the
Securities. None of the representations or warranties of the Investor in this Section 3.8 shall limit or modify the representations
and warranties of the Company set forth in Section 2 hereof or the right of the Investors to rely thereon.

 

    	12

    	 

    

 

3.8
No General Solicitation. Such Investor represents and certifies that such Investor is not acquiring the Securities as a result
of any form of “general solicitation” or “general advertising” as those terms are used in Rule 502(c)
of Regulation D promulgated under the Securities Act.

 

3.9
Reliance on Investor’s Representations. Such Investor acknowledges and understands that the representations, warranties,
and covenants contained in this Section 3 of the Agreement are being furnished, in part, and will be relied on by the Company
in determining whether this offering of the Securities is exempt from registration under the Securities Act and the securities
laws of all other applicable jurisdictions and, accordingly, confirms that all such statements contained herein are true, complete,
and accurate as of the date hereof, and shall be true, accurate, and complete as of the date that this Agreement is executed and
delivered, and shall survive the Closing. If any events occur or circumstances exist prior to the issuance of the Acquired Shares
to such Investor which would make any of the representations, warranties, agreements, or other information of an Investor set
forth herein untrue or inaccurate, such Investor agrees to immediately notify the Company in writing of such fact specifying which
representations, warranties, or covenants are not true, correct, or accurate, and the reasons therefor.

 

3.10
Investor Source of Funds.

 

(a)
Compliance with International Trade Control Laws and OFAC Regulations. Such Investor represents and warrants that such
Investor is not now nor shall it be at any time hereafter an individual, corporation, partnership, joint venture, association,
joint stock company, trust, trustee, estate, limited liability company, unincorporated organization, real estate investment trust,
government or any agency or political subdivision thereof, or any other form of entity with whom a United States citizen, entity
organized under the Laws of the United States or its territories or entity having its principal place of business within the United
States or any of its territories (collectively, a “U.S. Person”), is prohibited from transacting business
of the type contemplated by this Agreement, whether such prohibition arises under United States Law, executive orders and lists
published by the Office of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”) (including
those executive orders and lists published by OFAC with respect to Persons that have been designated by executive order or by
the sanction regulations of OFAC as Persons with whom U.S. Persons may not transact business or must limit their interactions
to types approved by OFAC “Specially Designated Nationals and Blocked Persons”) or otherwise. Neither
such Investor nor any Person who owns an interest in the Investor, if an Entity (collectively, a “Purchaser Party”),
is now nor shall be at any time hereafter a Person with whom a U.S. Person, including a “financial institution” as
defined in 31 U.S.C. § 5312(a)(2) (“Financial Institution”), is prohibited from transacting business
of the type contemplated by this Agreement, whether such prohibition arises under United States Law, regulation, executive orders
and lists published by the OFAC (including those executive orders and lists published by OFAC with respect to Specially Designated
Nationals and Blocked Persons) or otherwise.

 

    	13

    	 

    

 

(b)
Investor’s Funds. Such Investor represents and warrants that such Investor has taken, and shall continue to take
hereafter, such measures as are required by Law to assure that the funds used to pay to the Company any portion of the Aggregate
Purchase Price are derived from: (i) transactions that do not violate United States Law nor, to the extent such funds originate
outside the United States, do not violate the laws of the jurisdiction in which they originated; and (ii) permissible sources
under United States Law and to the extent such funds originate outside the United States, under the laws of the jurisdiction in
which they originated.

 

(c)
Anti-Money Laundering Laws. Such Investor represents and warrants that neither such Investor nor any Person providing funds
to the Investor: (i) is under investigation by any governmental authority for, or has been charged with, or convicted of, money
laundering, drug trafficking, terrorist related activities, any crimes which in the United States would be predicate crimes to
money laundering, or any violation of any Anti Money Laundering Laws; (ii) has been assessed civil or criminal penalties under
any Anti-Money Laundering Laws; or (iii) has had any of its funds seized or forfeited in any action under any Anti Money Laundering
Laws.

 

3.11
Foreign Investors. If such Investor is not a U.S. Person, such Investor hereby represents and warrants that it has satisfied
the full observance of the Laws of its jurisdiction in connection with this Agreement and the other Transaction Documents and
the subscription for the Acquired Shares, including, without limitation, the receipt of any Consents from or actions to be taken
by any Governmental Entity in such jurisdiction required as a condition to the Investment Transaction and the satisfaction of
any other applicable legal requirements within such jurisdiction for the purchase of the Acquired Shares. The subscription and
payment by the Investors for, and the continued beneficial ownership of, the Securities will not violate any applicable securities
of other Laws of the Investor’s jurisdiction.

 

3.12
No Litigation. There is not now pending or, to the Knowledge of such Investor, threatened, any material litigation, suit,
claim, action, or proceeding, including, without limitation, arbitration proceeding, mediation, or other alternative dispute resolution
proceeding, to which such Investor, is or will be a party or by which its property or assets will or may be bound or affected
which (a) challenges or seeks to question, prevent, enjoin, alter or materially delay any of the transactions contemplated by
this Agreement, or (b) would be reasonably likely to threaten, impede, impair or adversely affect the obligation of such Investor
to consummate the transactions contemplated by the Agreement.

 

Section
4. Additional Agreements.

 

4.1
Transfer Restrictions. The Investor hereby agrees that such Investor will not, directly or indirectly, Transfer or offer to
Transfer any of the Securities, or any of its interests therein (or solicit any offers to buy, purchase, or otherwise acquire
or take a pledge of the Securities), except in compliance with this Agreement and the Securities Act, the securities laws of all
other applicable jurisdictions, and the rules and regulations promulgated thereunder.

 

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4.2
Legends. The Investor confers full authority upon the Company to affix, when issued, appropriate legends relating to applicable
Transfer restrictions to the face of the certificate or certificate representing the Securities or on any other document representing
the Securities, including, without limitation, the following:

 

(a)
“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR THE SECURITIES LAWS OF ANY OTHER JURISDICTION AND MAY NOT BE OFFERED FOR SALE, SOLD, ASSIGNED, PLEDGED, HYPOTHECATED,
OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND THE SECURITIES LAWS
OF ALL OTHER APPLICABLE JURISDICTIONS UNLESS, IN THE OPINION OF COUNSEL TO THE COMPANY, SUCH REGISTRATION IS NOT REQUIRED.”

 

(b)
any legend set forth in, or required by, the Other Transaction Documents and the securities Laws of any other applicable jurisdiction,
if any.

 

4.3
Investor’s Indemnification Agreement. The Investor acknowledges that understands the meaning and legal consequences
of the representations, warranties and covenants contained in Section 3 of this Agreement, especially as it relates to the reliance
referenced in Section 3.10 hereof, and agrees to indemnify and hold harmless the Company and its agents, employees, and representatives
from and against any and all losses (including reasonable attorney’s fees), damage or liabilities due to or arising out
of any misrepresentations, misstatements, or omissions with respect to any of the representations or warranties, or a breach of
any of the covenants or agreements, contained in this Agreement by the Investor.

 

4.4
Reservation of Conversion Shares. The Company hereby agrees that:

 

(a)
As soon as practicable after bringing its SEC reporting current, it will make best efforts to have authorized and will reserve
and keep available, solely for issuance and delivery to the holder of the Acquired Shares, that number of shares of its Common
Stock (or other securities and property) that may be required from time to time for issuance and delivery of the upon conversion
of the Acquired Shares.

 

(b)
it shall take all necessary steps to ensure that the Conversion Shares, when issued in accordance with this Agreement, shall be
duly and validly issued, shall be fully paid and nonassessable, free and clear of any Liens of any kind whatsoever, and free from
all preemptive rights of any security holders of the Company.

 

(c)
it shall take all action as may be necessary to assure that such Conversion Shares (and any other securities and property) may
be issued and delivered as provided herein and as set forth in the Amended Articles without violation of any applicable Law, or
of any requirements, of any domestic securities exchange or inter dealer quotation system upon which the Common Stock may then
be listed; provided, however, that the Company shall not be required to effect a registration under federal or state securities
Laws.

 

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4.5
Information Rights.

 

(a)
The Company covenants and agrees with the Investor that for so long as the Investor continues to own beneficially any shares of
Series B Preferred Stock or associated Conversion Shares (subject to adjustment to reflect stock splits, stock dividends, and
other combinations or subdivisions of the Series B Preferred Stock or the Common Stock), the Company shall (i) permit such Investor
to visit and inspect the properties of the Company and to discuss the Company’s business and finances with officers of the
Company, in each case during normal business hours following reasonable notice, which right may be exercised through any agent
or employee of such Investor designated by it or by a certified public accountant designated by such Investor and (ii) promptly
upon request, furnish to such Investor such other information bearing on the financial condition and operations of the Company
as the Investor may from time to time reasonably request; provided, however, that in each case the Company shall not be
obligated pursuant to this Section 4.5(a) to provide access to any information that the Company reasonably and in good faith considers
to be a trade secret or confidential information (unless covered by an enforceable confidentiality agreement, in form acceptable
to the Company) or the disclosure of which would adversely affect the attorney-client privilege between the Company and its counsel.

 

(b)
The Company covenants and agrees with the Investor that for so long as the Investor continues to own beneficially or of record
any shares of Series B Preferred Stock or associated Conversion Shares (subject to adjustment to reflect stock splits, stock dividends,
and other combinations or subdivisions of the Series B Preferred Stock or the Common Stock), the Company shall provide to such
Investor its public SEC filings and any other publicly available information, including quarterly and annual reports under Forms
10-Q and 10-K.

 

(i)
a certificate of compliance at the time of delivery of each monthly and annual statement, executed by the chief financial officer
(or other financial manager or controller) in the case of monthly statements, stating that such officer has caused this Agreement
and the terms of the Series B Preferred Stock to be reviewed and has no knowledge of any default by the Company in the performance
or observance of any of the provisions of this Agreement or the terms of the Series B Preferred Stock or, if such officer has
such knowledge, specifying such default and the nature thereof;

 

(ii)
notice of changes that are reasonably likely to have a Material Adverse Effect promptly after the Company obtains knowledge thereof;

 

(iii)
promptly after the Company’s Knowledge thereof, notice of all material any litigation, suit, claim, action, or proceeding,
including, without limitation, arbitration proceeding, mediation, or other alternative dispute resolution proceeding, before any
Governmental Entity to which the Company is a party;

 

(iv)
such other notices, information and data with respect to the Company as the Company delivers to the holders of its capital stock
at the same time it delivers such items to such holders; and

 

(c)
Except as otherwise agreed to by the Company, all information received by such Investor with respect to the Company pursuant to
this Section 4.5 shall be subject to, the Investor shall be bound by, the terms of confidentiality by and between the Company
and the Investor to be signed under separate cover if required.

 

4.6
Books and Records. The Company shall keep proper books of record and account in which true and complete entries will be made
of all transactions in accordance with GAAP applied on a basis consistent with prior periods.

 

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4.7
Further Assurances. On or after the Closing, each of the parties shall execute and deliver, or cause to be executed and delivered,
such further documents, certificates, and instruments and to perform such further acts as may be reasonably required to issue
and convey the Securities to the Investors, all on terms contained herein, and otherwise to comply with the terms of this Agreement
and consummate the transactions herein provided.

 

Section
5. Conditions to the Obligations of the Purchaser at the Closing. The obligation of the Investor to purchase the Acquired
Shares at the Closing is subject to the fulfillment, or the waiver by the Investor, of each of the following conditions on or
before the Closing Date.

 

5.1
Accuracy of Representations and Warranties. Each of the representations and warranties of the Company contained in Section
2 of this Agreement shall be true and correct in all material respects on and as of the Closing with the same effect as though
such representations and warranties had been made on and as of that date.

 

5.2
Performance. The Company shall have performed and complied in all material respects with all covenants, agreements and conditions
contained in this Agreement required to be performed or complied with by the Company prior to or at the Closing.

 

5.3
No Litigation. There shall be no action, suit or proceeding pending, or, to the Knowledge of the Company, threatened, which
(a) seeks to restrain, enjoin, or prevent the consummation of the transactions contemplated by this Agreement or the other Transaction
Documents, (b) challenges the validity of, or seeks to recover damages or to obtain other relief in connection with the transactions
contemplated by this Agreement or the other Transaction Documents, (c) affects adversely the right of the Investor to acquire
the Acquired Shares, or (d) affects adversely the business, assets, properties, operation (financial or otherwise), or prospects
of the Company (and no such injunction, judgment, order, decree, ruling or charge shall be in effect).

 

5.4
No Material Adverse Change. Since the Balance Sheet Date, there shall have been no change in the financial condition, results
of operations, business, business prospects, personnel, assets, or liabilities (whether contingent or absolute, matured or unmatured,
known or otherwise) of the Company which has or may cause a Material Adverse Effect.

 

5.5
Compliance Certificate. The Company shall deliver to the Investor a certificate, executed by the chief executive officer and
chief financial officer of the Company, dated as of the Closing Date, certifying the fulfillment of the conditions specified in
Section 5.1 through 5.4 of this Agreement.

 

5.6
Qualifications. All material notices, registrations, qualifications, designations, declarations, or filings with, Consents
or Permits of, or any action by any Governmental Entity of the United States or of any other jurisdiction that are required prior
to the Closing in connection with the lawful issuance and sale of the Acquired Shares pursuant to this Agreement shall be duly
obtained and effective as of the Closing.

 

5.7
Amended Articles. The Company shall have filed the Amended Certificate of Determination or relevant documents for this Offering
with the Secretary of State of the State of California (“State Secretary”) on Closing or as soon as
practicable, which shall continue to be in full force and effect as of the Closing.

 

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5.8
Secretary Certificate and Documents. The Company shall have delivered to the Investor a certificate of the Secretary of the
Company, certifying: (a) the Articles of Incorporation of the Company, as amended and restated by the Amended Articles, certified
by the State Secretary, (b) the Bylaws of the Company as of the Closing, (c) resolutions or written consents of the Board of Directors
of the Company evidencing the taking of all corporate action necessary to authorize and approve the execution and delivery of
the Transaction Documents, and the transactions contemplated under the Transaction Documents, including the consummation of the
Investment Transaction, (d) resolutions or written consents of the stockholders of the Company, if required, approving the Amended
Articles, (e) certificates, as of a recent date, as to the corporate good standing of the Company issued by the State Secretary,
and as to the corporate good standing and qualification as a foreign corporation of the Company issued by the Secretary of State
of each jurisdiction in which the nature of the business transacted by it or the character or location of its properties requires
such qualification, and (f) the incumbency of each individual authorized to sign, in the name and on behalf of the Company, this
Agreement and the other Transaction Documents.

 

5.9
Stockholders Agreement. The Company and each stockholder of the Company listed on a separate stockholders’ agreement
shall have executed and delivered the Stockholders Agreement. As a condition to the Closing, the Stockholders Agreement must be
executed by the number of stockholders of the Company (i) necessary to amend that certain Stockholders’ Agreement, dated
August 26, 2019 and (ii) representing at least 80% of the voting power of the Company following the Closing.

 

5.10
Stockholder Rights. The Company shall have obtained enforceable waivers or shall have fully satisfied (including, without
limitation, timely notification) in respect of any rights of first refusal, preemptive rights, and similar rights directly or
indirectly affecting any of its securities.

 

5.11
Proceedings and Documents. All corporate and other proceedings in connection with the transactions contemplated by this Agreement
and all documents and instruments incident to such transactions shall be reasonably satisfactory in substance and form to the
Investor, and the Investor shall have received all such counterpart originals or certified or other copies of such documents as
it may reasonably request.

 

Section
6. Condition to the Obligations of the Company. The obligations of the Company to issue, sell, and deliver the Acquired Shares
to the Investor at the Closing are subject to fulfillment, or the waiver by the Company, of each of the following conditions on
or before the Closing Date:

 

6.1
Accuracy of Representations and Warranties. Each of the representations and warranties of the Investor contained in Section
3 shall be true in all material respects on and as of the Closing with the same effect as though such representations and warranties
had been made on and as of that date.

 

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6.2
Performance. The Investor shall have performed and complied, in all material respects, with all covenants, agreements and
conditions contained in the Agreement required to be performed or complied with by the Investor prior to or at the Closing.

 

6.3
No Litigation. There shall be no action, suit, investigation or proceeding pending, or to the Knowledge of any of the Investor
threatened, which (a) seeks to restrain, enjoin, or prevent the consummation of the transactions contemplated by this Agreement
or the other Transaction Documents, (b) challenges the validity of, or seeks to recover damages or to obtain other relief in connection
with the transactions contemplated by this Agreement or the other Transaction Documents.

 

6.4
Qualifications. All material notices, registrations, qualifications, designations, declarations, or filings with, Consents
or Permits of, or any action by any Governmental Entity of the United States or of any other jurisdiction that are required prior
to the Closing in connection with the lawful issuance and sale of the Acquired Shares pursuant to this Agreement shall be duly
obtained and effective as of the Closing.

 

6.5
Stockholders Agreement. The Investor shall have executed and delivered the Stockholders Agreement.

 

6.6
Registration Rights Agreement. Not applicable.

 

6.7
Payment of Purchase Price. Th Investor shall have paid to the Company the Aggregate Purchase Price for the Acquired Shares
as set forth in Section 1.3 of this Agreement.

 

Section
7. General Provisions.

 

7.1
Definitions.

 

(a)
Except as otherwise provided herein, the capitalized terms set forth below shall have the following meanings:

 

“Affiliate”
means, with respect to any Person, (i) a Person that directly, or indirectly, through one or more intermediaries, controls, is
controlled by, or is under common control with, the first-mentioned Person, and (ii) an “associate”
as that term is defined in Rule 12b-2 promulgated under the Securities Exchange Act of 1934 as in effect on the date of this Agreement.
For purposes of this definition, the term “control” (including the term “controlling,”
“controlled by” and “under common control,” or correlative terms) means the
possession, direct or indirect, of the power to direct the management and policies of a Person, whether as an officer or director,
through the ownership of voting securities, by contract or otherwise.

 

“Anti-Money
Laundering Laws” shall mean Laws and sanctions, state and federal, criminal and civil, that: (i) limit the use of
and/or seek the forfeiture of proceeds from illegal transactions; (ii) limit commercial transactions with designated countries
or individuals believed to be terrorists, narcotics dealers or otherwise engaged in activities contrary to the interests of the
United States; (iii) require identification and documentation of the parties with whom a Financial Institution conducts business;
or (iv) are designed to disrupt the flow of funds to terrorist organizations. Such laws, regulations and sanctions shall be deemed
to include the USA PATRIOT Act of 2001, Pub. L. No. 107-56, the Bank Secrecy Act, 31 U.S.C. §§ 5311 et seq., the Trading
with the Enemy Act, 50 U.S.C. App. §§ 1 et seq., the International Emergency Economic Powers Act, 50 U.S.C. §§
1701 et seq., and the sanction regulations promulgated pursuant thereto by the OFAC, as well as laws relating to prevention and
detection of money laundering in 18 U.S.C. §§ 1956 and 1957.

 

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“Board
of Directors” or “Board” means the board of directors of the Company.

 

“Business
Day” shall mean any day other than a Saturday, Sunday, or other day on which commercial banks in the State of California
are authorized or required by Law or executive order to close.

 

“Bylaws”
means, unless the context otherwise requires, the bylaws of the Company, as amended through and in effect on the Closing Date.

 

“Consent”
shall mean any consent, order, approval, authorization, clearance, exemption, exception, waiver, ratification, or similar affirmation
by any Person.

 

“Contract”
means any oral or written agreement, contract, debenture, note, bond, mortgage, license, instrument, franchise or other obligation,
commitment, arrangement or understanding.

 

“Employee
Benefit Plan” means employee benefit plan, agreement or arrangement that is a pension, profit-sharing, post-retirement,
supplemental retirement, vacation, sick leave, disability, death benefit, group insurance, hospitalization, medical, dental, life,
Section 125 of the Code “cafeteria” or “flexible” benefit, employee loan, education assistance or fringe
benefit plan, whether written or oral, including, without limitation, any “employee benefit plan” (within the meaning
of Section 3(3) of ERISA, inclusive of any “employee pension benefit plan” as defined in Section 3(2) of ERISA, and
any “employee welfare benefit plan” (as defined in Section 3(1) of ERISA), any “multi-employer plan” (as
defined in Section 3(37) of ERISA), or other Contracts or employee benefit plan, whether or not subject to ERISA and whether or
not funded, to which Company is a party, for the benefit of any current or former employee, director, officer, consultant or independent
contractor of the Company have any present or future rights to benefits, or with respect to which Company or any of its ERISA
Affiliates has any current or future liability or which are maintained, contributed to or sponsored by Company.

 

“Environmental
Laws” means all Laws relating to pollution or protection of human health or the environment (including ambient air,
surface water, ground water, land surface or subsurface strata) and which are administered, interpreted, or enforced by the United
States Environmental Protection Agency and state, local, and foreign agencies with jurisdiction over, and including common law
in respect of, pollution or protection of the environment, including the Comprehensive Environmental Response Compensation and
Liability act, as amended, 42 U.S.C. 9601 et seq., the Resource Conservation and Recovery act, as amended, 42 U.S.C. 6901 et seq.,
and other Laws relating to emissions, discharges, releases, or threatened releases of any Hazardous Material, or otherwise relating
to the manufacture, processing, distribution, use, treatment, storage, disposal, transport, or handling of any Hazardous Material.

 

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“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended.

 

“ERISA
Affiliate” means any Person that is a member of a “controlled group of corporations” with, or is under
“common control” with, or is a member of the same “affiliated service group” with Seller, as defined in
Section 414 of the Code.

 

“Hazardous
Materials” means (i) any hazardous substance, hazardous material, hazardous waste, regulated substance, or toxic
substance (as those terms are defined by any applicable Environmental Laws) and (ii) any chemicals, pollutants, contaminants,
petroleum, petroleum products, or oil and (specifically shall include asbestos requiring abatement, removal, or encapsulation
pursuant to the requirements of Governmental Entities and any polychlorinated biphenyls).

 

“Immediate
Family Member” means a Person’s spouse, parents, children, siblings, mothers and fathers-in-law, sons and
daughters-in-law, and brothers and sisters-in-law

 

“Intellectual
Property” means all of the following: (i) U.S. and foreign registered and unregistered trademarks, trade dress,
service marks, logos, trade names, corporate names and all registrations and applications to register the same jurisdiction, including
any extension, modification or renewal of any such registration or application (the “Trademarks”); (ii)
issued U.S. and foreign patents and pending patent applications, patent disclosures, and any and all divisions, continuations,
continuations in part, continuing prosecution applications, reissues, reexaminations, and extensions thereof, any counterparts
claiming priority therefrom or from which priority may be claimed, utility models, patents of importation or confirmation, certificates
of invention and like statutory rights (the “Patents”); (iii) U.S. and foreign registered and unregistered
copyrights (including any work of authorship in which copyright does or may subsist under the law of any jurisdiction), rights
of publicity, database rights and moral rights in both published works and unpublished works and all registrations and applications
to register the same (the “Copyrights”); (iv) U.S. and foreign rights in any semiconductor chip product
works or “mask works” as such term is defined in 17 U.S.C. § 901, et seq., and any registrations or applications
therefor (the “Mask Works”); (v) all categories of trade secrets as defined in the Uniform Trade Secrets
Act including, but not limited to, technology, inventions, and business information and other confidential information, and rights
to limit the use or disclosure thereof by a Third party, including such rights in inventions, discoveries and ideas, whether patented,
patentable or not in any jurisdiction; know-how, customer lists, technical information, proprietary information, technologies,
processes and formulae, software, data, plans, drawings and blue prints, whether tangible or intangible and whether stored, compiled,
or memorialized physically, electronically, photographically or otherwise (the “Trade Secrets”); all
licenses and agreements pursuant to which the Company or any of the Company’s Subsidiaries has acquired rights in or to
any Trademarks, Patents, Copyrights or Mask Works, or licenses and agreements pursuant to which the Company has licensed or transferred
the right to use any of the foregoing (the “Licenses”); (vi) all United States and foreign Internet
domain name applications and registrations, social media identifiers, and advertising keyword rights owned or used by the Company
or any of the Company’s Subsidiaries or otherwise used in conjunction with the business of the Company or any of the Company’s
Subsidiaries (the “Domains”); and (vii) any similar intellectual property or proprietary rights similar
to any of the foregoing, licenses, immunities, covenants not to sue and the like relating to the foregoing, and any claims or
causes of action arising out of or related to any infringement, misuse or misappropriation of any of the foregoing.

 

    	21

    	 

    

 

“Knowledge”
means (i) with respect to a Stockholder, the knowledge of the Shareholder that is obtained or would have been obtained after
reasonable investigation, (ii) with respect to the Company, all matters known or that should have been known by the chief executive
officer, chief financial officer, and each of the other executive officers of the Company after reasonable investigation, and
(iii) with respect to the Investor, the actual knowledge of the Investor.

 

“Law”
means any code, law, ordinance, regulation, reporting or licensing requirement, rule, or statute applicable to a Person or its
assets, properties, liabilities, or business, including those promulgated, interpreted, or enforced by any Governmental Entity.

 

“Liens”
shall mean all liens, encumbrances, charges, pledges, claims, security interests, equities, options, warrants, rights to purchase
or acquire, and other defects in title.

 

“Material
Adverse Effect” means any change, effect, event, occurrence, or state of facts (each, an “Event”)
which individually, or together with other changes, effects, events, occurrences, or states of facts, that has, or would be reasonably
expected to, materially and adversely affect: (a) the Company’s ability to consummate Investment Transaction without material
delay, or (b) the financial condition, business, properties, assets, operations, results of operations, or prospects of the Company
and its Subsidiaries, taken as a whole[; provided, however, that none of the following shall be deemed either alone or
in combination to constitute, and none of the following shall be taken into account in determining whether there has been or would
be, a Material Adverse Effect: (i) any Event resulting from general economic or political conditions or generally affecting financial,
credit, foreign exchange, securities or capital markets (including changes in interest rates or exchange rates), including any
disruption thereof, in the United States or elsewhere in the world market, (ii) any Events affecting in the general conditions
in the industry of such Person and its Subsidiaries, taken as a whole, and (iii) any Events resulting from business conditions
in the United States generally or in the geographic regions in which the Company or its Subsidiaries operate.

 

“Owned
Properties” means any property owned, leased, or operated by the Company or in which the Company holds a security
or other interest (including an interest in a fiduciary capacity) and, when required by the context, this term also includes the
owner or operation of such property, but only with respect to such property.

 

“Participation
Facilities” means any facility or property in which the Company participates in the management and, where required
by the context, said term means the owner or operator of such facility or property, but only with respect to such facility or
property.

 

“Permitted
Liens” means (i) Liens or imperfections of title which are not, individually or in the aggregate, material in character,
amount, or extent and which do not materially detract from the value or interfere with the contemplated use of assets subject
thereto or affected thereby, (ii) mechanics’, materialmen’s, carrier’s, warehousemen’s, landlord’s
and similar Liens securing obligations not yet delinquent, and (iii) Liens for current Taxes not yet due and payable.

 

    	22

    	 

    

 

“Permits”
shall mean all permits, licenses, variances, certificates, filings, franchises, notices, rights, and Consents of and from all
Governmental Entities.

 

“Person”
shall mean an individual, corporation, general partnership, limited partnership, joint venture, limited liability company, limited
liability partnership, unincorporated organization, business trust, association, corporations, or other entity.

 

“Subsidiaries”
or “Subsidiary” means all corporations, limited liability companies, limited partnerships, and other
entities in which the entity in question owns or controls 50% or more of the outstanding equity or voting securities or interests
either directly or through an unbroken chain of entities as to each of which 50% or more of the outstanding equity or voting securities
or interests are owned directly or indirectly by such entity in question.

 

“Taxes”
means all federal, state, local, foreign and other net income, gross income, gross receipts, sales, use, ad valorem, transfer,
franchise, profits, license, withholding, payroll, employment, excise, stamp, occupation, property, or other taxes, fees, assessments
or other charges imposed by a Governmental Authority, together with any interest and any penalties, additions to tax or additional
amounts with respect thereto, and the term “tax” means any of the foregoing taxes.

 

“Tax
Return” means all reports, estimates, declarations of estimated tax, information statements and returns relating
to, or required to be filed in connection with, any Taxes, including information returns or reports with respect to withholding
and other payments to third parties.

 

“Transfer”
shall be construed broadly and shall include to mean, in the context of a transfer of any of the Securities, any sale, assignment,
participation, gift, bequest, distribution, exchange, pledge, hypothecation, placement of a lien thereon or a grant of a security
interest therein or other encumbrances thereon, judicial attachment, contribution to a trust or other Person, or other transfer
or disposition (voluntarily or involuntarily, by operation of law or otherwise, and whether as security or otherwise) by a holder
of all or a portion of its Securities or any right or interest therein. For purposes of this definition, a “Transfer”
shall include the sale, assignment, participation, gift, bequest, distribution, exchange, pledge, hypothecation, placement of
a lien thereon or a grant of a security interest therein or other encumbrances thereon, judicial attachment, contribution to a
trust or other Person, or other transfer or disposition (voluntarily or involuntarily, by operation of law or otherwise, and whether
as security or otherwise) of a controlling equity interest in any Person which owns of record any of the Securities.

 

“Transaction
Documents” means, collectively, this Agreement, the Amended Articles, and the Stockholders Agreement.

 

    	23

    	 

    

 

(b)
The following terms shall have the meanings ascribed thereto in the Section set forth opposite such term:

 

	Term	 	Section
	 	 	 
	Agreement	 	Preamble
	Aggregate
    Purchase Price	 	1.2
	Amended
    Articles	 	1.1
	Acquired
    Shares	 	1.2
	Balance
    Sheet Date	 	2.7(a)
	Bankruptcy
    and Equity Exceptions	 	2.2
	Closing	 	1.5
	Closing
    Date	 	1.5
	Code	 	2.10
	Common
    Stock	 	2.4(a)
	Company	 	Preamble
	Company
    Assets	 	2.11
	Conversion
    Shares	 	2.5
	Disclosure
    Schedule	 	Section
    2
	Entity
    Investor	 	3.1
	Equity
    Incentive Plan	 	2.4(d)
	Existing
    Stockholders	 	Preamble
	FCPA	 	2.24
	Financial
    Institution	 	3.11(a)
	Financial
    Statements	 	2.7(a)
	Founders	 	Preamble
	GAAP	 	2.7(b)
	Governmental
    Entity	 	2.3(a)
	Investment
    Transaction	 	Recitals
	Investor[s]	 	Preamble
	Non-Competition
    Agreement	 	2.18(c)
	OFAC	 	3.11(a)
	Offering
    Memorandum	 	2.23(a)
	Options	 	2.4(e)
	Outstanding
    Plan Options	 	2.4(d)
	Per
    Share Price	 	1.2
	PIIA
    Agreement	 	2.18(c)
	Preferred
    Stock	 	2.4(a)
	Purchaser
    Party	 	3.11(a)
	Registration
    Rights Agreement	 	Recitals
	Securities	 	3.4
	Securities
    Act	 	2.3(b)
	Series
    A Preferred Stock	 	2.4(a)
	Series
    B Preferred Stock	 	Recitals
	Small
    Business Act	 	2.27
	Specially
    Designated Nationals and Blocked Persons	 	3.11(a)
	State
    Secretary	 	5.7
	Stockholders
    Agreement	 	Recitals
	U.S.
    Person	 	3.11(a)

 

(c)
Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words
“include,” “includes,” or “including” are used in this Agreement, they shall be deemed followed
by the words “without limitation.”

 

    	24

    	 

    

 

7.2
Survival of Representations. Unless otherwise set forth in this Agreement, the representations, warranties, and covenants
of the Company and the Investor contained in or made pursuant to this Agreement shall survive the execution and delivery of this
Agreement and the Closing and shall in no way be affected by any investigation of the subject matter thereof made by or on behalf
of the Company or the Investor. The representations and warranties in this Agreement and in any certificate delivered pursuant
hereto shall survive the Closing.

 

7.3
Expenses. Except as otherwise provided in this Agreement, whether or not the transactions contemplated herein are consummated,
each party hereto shall bear and pay its own fees, costs and expenses incident to preparing, entering into and carrying out this
Agreement and to consummating the transactions contemplated hereby. Notwithstanding the foregoing, the Company agrees to pay the
reasonable fees and expenses of counsel for the Investor.

 

7.4
No Brokers or Finders. The Company, and the Investor (a) each represent and warrant to the other party hereto that he or it
has neither retained a finder or broker nor is or will be obligated for any finder’s fees or commissions, in connection
with the transactions contemplated by this Agreement, and (b) each agree that they will indemnify and save the other party harmless
from and against any and all claims, liabilities or obligations with respect to brokerage or finders’ fees or commissions,
or consulting fees in connection with the transactions contemplated by this Agreement asserted by any Person on the basis of any
statement or representation alleged to have been made by such indemnifying party.

 

7.5
Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable Law, the parties agree
to renegotiate such provision in good faith, in order to maintain the economic position enjoyed by each party as close as possible
to that under the provision rendered unenforceable. In the event that the parties cannot reach a mutually agreeable and enforceable
replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement
shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance
with its terms.

 

7.6
Entire Agreement. This Agreement, which includes the Disclosure Schedule and exhibits hereto, together with the other Transaction
Documents, constitutes the entire agreement among the parties hereto with respect the subject matter hereof, and supersedes all
prior arrangements or understandings with respect to the subject matter hereof between the parties, both written and oral.

 

7.7
Amendment and Modification. Except as otherwise expressly set forth in this Agreement, subject to the corporation laws of
the State of California, any term of this Agreement may be amended, modified, or terminated and the observance of any term of
this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), with the
written consent of the Company and (a) the holders of at least 80% of the then-outstanding Series B Preferred Stock, or (b) for
any amendment, modification, termination or waiver effected prior to the Closing, Investor obligated to purchase 80% of the Series
B Preferred Stock to be issued at such Closing. Any amendment, modification, termination or waiver effected in accordance with
this Section 7.7 shall be binding upon the Investor, each transferee of the Securities even if they do not execute such consent,
and each future holder of the Securities, and the Company. No waivers of or exceptions to any term, condition or provision of
this Agreement, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such
term, condition or provision.

 

    	25

    	 

    

 

7.8
Successors and Assigns. This terms and conditions of this Agreement shall be binding upon and inure to the benefit of the
parties and their respective successors and permitted assigns. Nothing in this Agreement, express or implied, is intended to confer
upon any party other than the parties to this Agreement or their respective successors and permitted assigns any rights, remedies,
obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. The Investor’s
rights to purchase the Acquired Shares shall not be assignable except to its Subsidiaries, parent, or Affiliates.

 

7.9
Notices. All notices or other communications given or made pursuant to this Agreement shall be in writing and shall be (a)
delivered by registered or certified mail, return receipt requested, postage prepaid, (b) by expedited mail or package delivery
service guaranteeing next Business Day delivery, (or, for international deliveries, the earliest Business Day that such delivery
service can guarantee delivery if so requested and paid for), or (c) delivered personally, by hand, to the Persons at the addresses
set forth below (or at such other address as may be provided hereunder):

 

If
to Company:

 

2050
Motors, Inc.

c/o
Registered Agents Inc.

1267
Willis St. Suite 200

Redding,
CA 96001

 

with
a copy to:

 

2050
Motors, Inc.

25
N River Lane Suite 2050

Geneva,
IL 60134

 

If
to Investors:

 

Vikram
Grover

2810
Bristol Dr. Unit 309

Geneva,
IL 60532

 

Any
notice or other communications to be given or that may be given pursuant to this Agreement shall be deemed to have been given:
(x) three calendar days after the deposit of such notice or communication in the United States Mail, registered or certified,
return receipt requested, with proper postage affixed thereto; (y) on the first Business Day after depositing such notice of communication
with Federal Express, Express Mail, or other expedited mail or package delivery service guaranteeing delivery no later than the
next Business Day if next Business Day delivery service has been requested and paid for (or on such Business Day as such delivery
service has been requested, guaranteed, and paid for); or (z) upon delivery if hand delivered or telecopied to the appropriate
address and Person as provided hereinabove or to the Person to whose attention the notice is to be given to the other parties
in the manner set forth in this Section 7.9.

 

    	26

    	 

    

 

7.10
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California without
giving effect to the choice of law principles thereof that would result in the application of the Laws of any other jurisdiction.

 

7.11
Jurisdiction; Venue. Any action, litigation, suit or proceeding arising out of or relating to this Agreement or any transaction
contemplated hereby shall be brought solely in federal or state courts of competent jurisdiction in the courts of the State of
California located in a venue to be mutually determined by both parties and/or their counsel(s) or, if it has or can acquire jurisdiction,
in the United States District Court for the Central District, and each of the parties hereto hereby irrevocably consents and submits
to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such action, litigation,
suit or proceeding and waives any objection it may now or hereafter have to venue or to convenience of forum, agrees that all
claims in respect of the action, litigation, suit or proceeding shall be heard and determined only in any such court and agrees
not to bring any action or proceeding arising out of or relating to this Agreement or any transaction contemplated hereby in any
other court. Process in any action or proceeding referred to in the first sentence of this Section 7.11 may be served on any party
anywhere in the world.

 

7.12
WAIVER OF JURY TRIAL. EACH PARTY HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO
A TRIAL BY JURY IN RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR ANY TRANSACTION CONTEMPLATED HEREBY. EACH PARTY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY
HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THAT FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.12. EACH PARTY HERETO FURTHER REPRESENTS AND WARRANTS THAT SUCH
PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT SUCH PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS
FOLLOWING CONSULTATION WITH LEGAL COUNSEL.

 

7.13
Attorney Fees. If any action at law or in equity (including arbitration) is necessary to enforce or interpret the terms of
any Transaction Document, the prevailing party shall be entitled to reasonable attorneys’ fees, costs, and necessary disbursements
in addition to any other relief to which such party may be entitled.

 

7.14
No Commitment for Additional Financing. The Company acknowledges and agrees that the Investor has not made any representation,
warranty, undertaking, commitment or agreement to provide or assist the Company in obtaining any investment, financing or other
capital raising activities other than the purchase of the Acquired Shares pursuant to the terms and conditions of this Agreement.
No obligation, agreement, or obligation to provide or assist the Company in obtaining any investment, financing or other capital
raising activities will created only by a written definitive agreement executed and delivered by the Investor and the Company,
and any such agreement will be binding only on those Investors executing such agreement.

 

7.15
Section Headings. The section headings are for the convenience of the parties and in no way alter, modify, amend, limit, or
restrict the contractual obligations of the parties.

 

7.16
Counterparts; Electronic Signatures. This Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original, but all of which together shall constitute one and the same instrument. A party may deliver this Agreement
by transmitting a facsimile or other electronic signature of this Agreement signed by such party (via PDF, TIFF, JPEG or the like)
to the other party, which facsimile or other electronic signature shall be deemed an original for all purposes.

 

[Remainder
of Page Intentionally Blank. Signatures on Next Page.]

 

    	27

    	 

    

 

IN
WITNESS WHEREOF, each of the parties has caused this Agreement to be executed on its behalf by its respective officer(s) thereunto
duly authorized, all as of the date first written above.

 

	 	2050
    motors, inc.
	 	 
	 	By:	 
	 	Name:	Vikram
    Grover
	 	Title:
    	CEO

 

    	Signature Page to
Securities Purchase Agreement
Page 1 of 2

    	 

    

 

	 	VIKRAM GROVER
	 	 
	 	By:	 
	 	Name:	Vikram
    Grover
	 	Title:
    	Investor

 

    	Signature Page to
Securities Purchase Agreement
Page 2 of 2EX-4.1

 Exhibit 4.1 

JUNIPER NETWORKS, INC., as Issuer 

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

 
 3.750% Senior
Notes due 2029 
  
  

Sixth Supplemental Indenture 

Dated as of August 26, 2019 

to 
 Indenture dated as
of March 3, 2011 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
	 	 	ARTICLE 1	  	 	 
	 	 	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	 	 
			
	Section 1.01. 	 	Definitions	  	 	1	
	Section 1.02. 	 	Conflicts with Base Indenture	  	 	10	
			
	 	 	ARTICLE 2	  	 	 
	 	 	FORM OF NOTES	  	 	 
			
	Section 2.01. 	 	Form of Notes	  	 	10	
			
	 	 	ARTICLE 3	  	 	 
	 	 	THE NOTES	  	 	 
	Section 3.01. 	 	Amount; Series; Terms	  	 	11	
	Section 3.02. 	 	Denominations	  	 	12	
	Section 3.03. 	 	Book-entry Provisions for Global Securities	  	 	12	
	Section 3.04. 	 	Additional Notes	  	 	13	
	 	 	ARTICLE 4	  	 	 
	 	 	REDEMPTION OF SECURITIES	  	 	 
			
	Section 4.01. 	 	Optional Redemption	  	 	14	
	Section 4.02. 	 	Repurchase of Notes Upon a Change of Control	  	 	15	
			
	 	 	ARTICLE 5	  	 	 
	 	 	COVENANTS AND REMEDIES	  	 	 
			
	Section 5.01. 	 	Limitation on Liens	  	 	16	
	Section 5.02. 	 	Limitation on Sale and Leaseback Transactions	  	 	18	
	Section 5.03. 	 	Company May Consolidate, Etc., Only on Certain Terms	  	 	19	
	Section 5.04. 	 	Events of Default	  	 	20	
	Section 5.05. 	 	Acceleration Of Maturity; Rescission And Annulment	  	 	21	
	Section 5.06. 	 	References In Base Indenture	  	 	22	
	Section 5.07. 	 	Waiver Of Certain Covenants	  	 	22	
	Section 5.08. 	 	Maintenance of Office or Agency	  	 	22	
	Section 5.09. 	 	Tax Covenant	  	 	23	

  
 i 

							
	 	 	ARTICLE 6	  	 	 
	 	 	THE TRUSTEE	  	 	 
	Section 6.01. 	 	Notice Of Defaults	  	 	23	
			
	 	 	ARTICLE 7	  	 	 
	 	 	MISCELLANEOUS	  	 	 
	Section 7.01. 	 	Sinking Funds	  	 	24	
	Section 7.02. 	 	Confirmation of Indenture	  	 	24	
	Section 7.03. 	 	Counterparts	  	 	24	
	Section 7.04. 	 	Governing Law	  	 	24	
	Section 7.05.	 	Recitals By The Company	  	 	24	
	Section 7.06. 	 	Submission to Jurisdiction; Waiver of Immunity	  	 	25	
			
	Exhibit A	 	Form of Note	  	 	A-1	 

  
 ii 

 SIXTH SUPPLEMENTAL INDENTURE, dated as of August 26, 2019 (“Sixth Supplemental
Indenture”), to the Indenture dated as of March 3, 2011 (as amended, modified or supplemented from time to time in accordance therewith, other than with respect to a particular series of debt securities, the “Base
Indenture” and, as amended, modified and supplemented by this Sixth Supplemental Indenture, the “Indenture”), by and between JUNIPER NETWORKS, INC. (the “Company”) and THE BANK OF NEW YORK MELLON TRUST
COMPANY, N.A., as trustee (the “Trustee”). 
 Each party agrees as follows for the benefit of the other party and for the
equal and ratable benefit of the Holders of the Notes: 
 WHEREAS, the Company has duly authorized the execution and delivery of the Base
Indenture to provide for the issuance from time to time of senior debt securities to be issued in one or more series as provided in the Base Indenture; 

WHEREAS, the Company has duly authorized the execution and delivery, and desires and has requested the Trustee to join it in the execution and
delivery, of this Sixth Supplemental Indenture in order to establish and provide for the issuance by the Company of a series of Securities designated as its 3.750% Senior Notes due 2029 (the “Notes”), on the terms set forth herein;

 WHEREAS, Article 9 of the Base Indenture provides that a supplemental indenture may be entered into by the parties for such purpose
without the consent of any Holders provided certain conditions are met; 
 WHEREAS, the conditions set forth in the Base Indenture for the
execution and delivery of this Sixth Supplemental Indenture have been met; and 
 WHEREAS, all things necessary to make this Sixth
Supplemental Indenture a valid and binding agreement of the parties, in accordance with its terms, and a valid amendment of, and supplement to, the Base Indenture with respect to the Notes have been done; 

NOW, THEREFORE: 
 ARTICLE 1

 DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION 
 Section 1.01. Definitions. Capitalized terms used herein and not otherwise
defined herein have the meanings assigned to them in the Base Indenture. The words “herein”, “hereof” and “hereby” and other words of similar import used in this Sixth Supplemental Indenture refer to this Sixth
Supplemental Indenture as a whole and not to any particular section hereof. 

 As used herein, the following terms have the specified meanings: 

“Additional Notes” has the meaning specified in Section 3.04 hereof. 

“Applicable Law” has the meaning specified in Section 5.09 hereof. 

“Attributable Debt” means, with respect to any sale and leaseback transaction, at the time of determination, the lesser of:

 (1)    the fair value of the assets subject to such a transaction (as determined in good faith by the Board of
Directors); and 
 (2)    the present value (discounted at a rate per annum equal to the average interest borne by all
Outstanding Notes determined on a weighted-average basis and compounded semi-annually) of the obligations of the lessee for rental payments (other than amounts required to be paid on account of property taxes as well as maintenance, repairs,
insurance, water rates and other items which do not constitute payments for property rights) during the term of the related lease. In the case of any lease which is terminable by the lessee upon the payment of a penalty, such present value shall be
the lesser of (i) the present value determined assuming termination upon the first date such lease may be terminated (in which case the present value shall also include the amount of the penalty, but shall not include any rent that would be
required to be paid under such lease subsequent to the first date upon which it may be terminated) or (ii) the present value assuming no such termination. 

“Base Indenture” has the meaning specified in the recitals of this Sixth Supplemental Indenture. 

“Capital Stock” of any Person means (1) in the case of a corporation, corporate stock; (2) in the case of an
association, limited liability company or business entity, any and all Equity Interests; (3) in the case of a partnership, partnership interests (whether general or limited); and (4) any other interest or participation that confers on a
Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, including any Preferred Stock. 

“Change of Control” means the occurrence of any of the following: (1) the direct or indirect sale, transfer, conveyance
or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its subsidiaries taken as a whole to any “person” (as that term
is used in Section 13(d)(3) of the Exchange Act) other than the Company or one of its Subsidiaries; (2) the adoption of a plan relating to the Company’s liquidation or dissolution; (3) the consummation of any transaction
(including, without limitation, any merger or consolidation) the result of which is that any “person” (as defined above), including any group defined as a 

  
 2 

 
“person” for the purpose of Section 13(d)(3) of the Exchange Act, becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of
Voting Stock of the Company; provided, however, that a person shall not be deemed beneficial owner of, or to own beneficially, (A) any securities tendered pursuant to a tender or exchange offer made by or on behalf of such person or any
of the Affiliates of such “person” (as defined above) until such tendered securities are accepted for purchase or exchange thereunder, or (B) any securities if such beneficial ownership (i) arises solely as a result of a
revocable proxy delivered in response to a proxy or consent solicitation made pursuant to the applicable rules and regulations under the Exchange Act, and (ii) is not also then reportable on Schedule 13D (or any successor schedule) under the
Exchange Act; (4) the first day on which a majority of the members of the Board of Directors cease to be Continuing Directors; or (5) the Company consolidates with, or merges with or into, any “person” (as defined above), or any
“person” (as defined above) consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or the outstanding Voting Stock of such other
“person” (as defined above) is converted into or exchanged for cash, securities or other Property, other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction
constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving “person” (as defined above) or parent entity thereof immediately after giving effect to such transaction. Notwithstanding the foregoing, a
transaction shall not be considered to be a Change of Control if (a) the Company becomes a direct or indirect wholly owned subsidiary of another person and (b) immediately following that transaction, a majority of the Voting Stock of such
person is held by the direct or indirect holders of the Voting Stock of the Company immediately prior to such transaction and in substantially the same proportion as immediately prior to such transaction. 

“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Ratings Event. 

“Company” means the corporation specified as the “Company” in the recitals of this Sixth Supplemental Indenture
until a successor Person shall have become such pursuant to the applicable provisions of the Indenture, and thereafter “Company” shall mean such successor Person. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having
an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed (assuming, for this purpose, that the Notes mature on the Par Call Date) pursuant to Section 4.01 hereof that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes (assuming, for this purpose, that the Notes mature on the Par Call Date).

  
 3 

 “Comparable Treasury Price” means, with respect to any Redemption Date
pursuant to Section 4.01 hereof, (1) the arithmetic average of the applicable Reference Treasury Dealer Quotations for such Redemption Date after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the
Company obtains fewer than four applicable Reference Treasury Dealer Quotations, the arithmetic average of all applicable Reference Treasury Dealer Quotations for such Redemption Date. 

“Consolidated Subsidiary” means as of the time of determination and with respect to any Person, any Subsidiary of that Person
whose financial data is, in accordance with GAAP, reflected in that Person’s consolidated financial statements. 

“Consolidated Total Assets” means, as of the time of determination, total assets of the Company and its Consolidated
Subsidiaries as reflected on the Company’s most recent consolidated balance sheet prepared in accordance with GAAP contained in an annual report on Form 10-K or a quarterly report on Form 10-Q or any amendment thereto filed pursuant to the Exchange Act by the Company prior to the time as of which “Consolidated Total Assets” is being determined or, if the Company is not required to so file,
as reflected on its most recent consolidated balance sheet prepared in accordance with GAAP. 
 “Continuing Director”
means, as of any date of determination, any member of the Board of Directors who (1) was a member of such Board of Directors on the date of the issuance of the Initial Notes; or (2) was nominated for election, elected or appointed to such
Board of Directors with the approval (either by specific vote or by approval by such Board of Directors in the Company’s proxy statement in which such member was named as a nominee for election as a director without objection by the Board of
Directors to such nomination) of a majority of the continuing directors who were members of such Board of Directors at the time of such nomination, election or appointment. 

“Depositary” means The Depository Trust Company, a New York corporation, or any successor. 

“Equity Interest” in any Person means any and all shares, interests, rights to purchase, warrants, options, participations or
other equivalents of or interests in (however designated) corporate stock or other equity participations, including limited liability company interests, limited partnership interests, or other similar interests in such Person. 

“GAAP” means generally accepted accounting principles in the United States of America in effect from time to time. 

“Global Note” means Notes that are Global Securities (as defined in the Base Indenture). 

  
 4 

 “Guarantee” means any obligation, contingent or otherwise, of any Person
directly or indirectly guaranteeing any Indebtedness of any other Person and any obligation, direct or indirect, contingent or otherwise, of such Person (1) to purchase or pay (or advance or supply funds for the purchase or payment of) such
indebtedness 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
(2) entered into for purposes of assuring in any other manner the obligee of such indebtedness 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” will not include endorsements for collection or deposit in the ordinary course of business. The term “guarantee,” when used as a verb, has a correlative meaning. 

“Hedging Obligations” means, with respect to any specified Person, the obligations of such Person under
(1) interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest rate cap agreements and interest rate collar agreements; (2) other agreements or arrangements designed to manage interest rates or
interest rate risk; and (3) other agreements or arrangements designed to protect such Person against fluctuations in currency exchange rates or commodity prices. 

“incur” means issue, incur, create, assume, guarantee or otherwise become liable for. 

“Indebtedness” means, with respect to any Person, obligations (other than
Non-recourse Obligations) of such Person for borrowed money (including, without limitation, indebtedness for borrowed money evidenced by notes, bonds, debentures or similar instruments). 

“Indenture” has the meaning specified in the recitals of this Sixth Supplemental Indenture. 

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company to act as Independent
Investment Banker from time to time. 
 “Initial Notes” has the meaning set forth in Section 3.01(b) hereof. 

“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories
of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency
or Rating Agencies selected by the Company. 

  
 5 

 “Lien” means any lien, security interest, pledge, charge or encumbrance of
any kind (including any conditional sale or other title retention agreement, any lease in the nature thereof, and any agreement to give any security interest). 

“Moody’s” means Moody’s Investors Service Inc. 

“Non-recourse Obligation” means indebtedness or other obligations substantially
related to (1) the acquisition of assets not previously owned by the Company or any direct or indirect Subsidiaries of the Company or (2) the financing of a project involving the development or expansion of properties of the Company or any
direct or indirect Subsidiaries of the Company, as to which the obligee with respect to such indebtedness or obligation has no recourse to the Company or any direct or indirect Subsidiary of the Company or such Subsidiary’s assets other than
the assets which were acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction (and the proceeds thereof). 

“Notes” has the meaning specified in the recitals of this Sixth Supplemental Indenture. 

“Notice of Default” has the meaning specified in Section 5.04(c) hereof. 

“Par Call Date” means May 15, 2029 (the date that is three months prior to the Stated Maturity of the Notes). 

“Paying Agent” means any Person authorized by the Company to pay the principal of or any premium or interest on any Notes on
behalf of the Company, and shall initially be the Trustee. 
 “Permitted Liens” means 

(1)    Liens securing Hedging Obligations designed to protect the Company from fluctuations in interest rates, currencies,
equities or the price of commodities and not for speculative purposes; 
 (2)    Liens in favor of customs and revenue
authorities or financial institutions in respect of customs duties in connection with the importation of goods; 

(3)    Liens arising by reason of deposits necessary to qualify the Company or any of its Subsidiaries to conduct
business, maintain self-insurance, or obtain the benefit of, or comply with, any law, including Liens incurred in the ordinary course of business in connection with workers’ compensation, unemployment insurance or other forms of governmental
insurance or benefits; 
 (4)    Liens of any landlord on fixtures located on premises leased by the Company or any of
its Subsidiaries, and tenants’ rights under leases, easements and similar Liens not materially impairing the use or value of the Property involved; 

  
 6 

 (5)    easements, zoning restrictions, building restrictions, rights-of-way and similar encumbrances or charges on real property imposed by law or arising in the ordinary course of business that are of a nature generally existing with
respect to Properties of a similar character; 
 (6)    Liens in connection with bankers’ acceptance financing or
used in the ordinary course of trade practices, statutory lessor and vendor privilege Liens and Liens in connection with good faith bids, tenders and deposits; 

(7)    Liens arising under consignment or similar arrangements for the sale of goods; 

(8)    Liens incurred or pledges or deposits made under workmen’s compensation laws, unemployment insurance laws or
similar legislation, or good faith deposits in connection with bids, tenders, contracts or leases, or deposits to secure the Company’s public or statutory obligations, or deposits for the payment of rent; 

(9)    judgment Liens not giving rise to a default or Event of Default so long as such Lien is adequately bonded and any
appropriate legal proceedings that may have been initiated for the review of such judgment, decree or order shall not have been finally terminated or the period within which such proceedings may be initiated shall not have expired; 

(10)    Liens upon specific items of inventory or other goods and proceeds of any person securing such Person’s
obligations in respect of banker’s acceptances issued or credited for the account of such Person to facilitate the purchase, shipment or storage of such inventory or goods; 

(11)    Liens securing reimbursement obligations with respect to commercial letters of credit in the ordinary course of
business that encumber cash, documents and other Property relating to such letters of credit and proceeds thereof; 

(12)    Liens in connection with the acquisition, development or financing of the Sunnyvale Campus incurred within 36
months of the date of the issuance of the Initial Notes; 
 (13)    Liens in favor of the Company or any of its wholly
owned U.S. Subsidiaries; and 
 (14)    customary Liens granted in favor of a trustee to secure fees and other amounts
owing to such trustee under an indenture. 

  
 7 

 “Place of Payment” means, with respect to the Notes, New York, New York.

 “Preferred Stock” as applied to the Capital Stock of any Person, means Capital Stock of any class or classes (however
designated) which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over Capital Stock of any other class of such Person.

 “Primary Treasury Dealer” means a primary U.S. Government securities dealer in the United States of America. 

“Property” means any property or asset, whether real, personal or mixed, or tangible or intangible, including shares of
Capital Stock. 
 “Rating Agency” means (1) each of Moody’s and S&P; and (2) if either of Moody’s
or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act, selected by the
Company (as certified by a Board Resolution) as a replacement agency for Moody’s or S&P, or both, as the case may be. 

“Rating Category” means (i) with respect to Moody’s, any of the following categories: Baa, Ba, B, Caa, Ca, C
and D (or equivalent successor categories); (ii) with respect to S&P, any of the following categories: BBB, BB, B, CCC, CC, C and D (or equivalent successor categories); and (iii) the equivalent of any such category of Moody’s or
S&P used by another Rating Agency. In determining whether the rating of the Notes has decreased by one or more gradations, gradations within rating categories (1, 2 and 3 for Moody’s; + and—for S&P; or the equivalent gradations for
another Rating Agency) shall be taken into account (e.g., with respect to S&P, a decline in a rating from BB+ to BB, as well as from BB—to B+, will constitute a decrease of one gradation). 

“Rating Date” means the date of the first public announcement by the Company of the occurrence of a Change of Control or of
the intention by the Company to effect a Change of Control. 
 “Rating Event” means, with respect to the Notes, the
occurrence of the events described in (a) or (b) below during the period commencing on a Rating Date and ending 60 days following the consummation of such Change of Control (which period shall be extended so long as the rating of the Notes is
under publicly announced consideration for a possible downgrade by any of the Rating Agencies): (a) in the event the Notes are rated by both Rating Agencies on the Rating Date as Investment Grade, the rating of the Notes shall be reduced so that the
Notes are rated below 

  
 8 

 
Investment Grade by both Rating Agencies or (b) in the event the Notes (1) are rated Investment Grade by one Rating Agency and below Investment Grade by the other Rating Agency, the
rating of the Notes by such Rating Agency rating the Notes as Investment Grade shall be decreased by one or more gradations (including gradations within Rating Categories, as well as between Rating Categories) so that the Notes are then rated below
Investment Grade by both Rating Agencies or (2) are rated below Investment Grade by both Rating Agencies on the Rating Date, the rating of the Notes by either Rating Agency shall be decreased by one or more gradations (including gradations
within Rating Categories, as well as between Rating Categories). 
 “Reference Treasury Dealer” means Barclays Capital
Inc., BofA Securities, Inc. and Citigroup Global Markets Inc. and two other Primary Treasury Dealers selected by the Company, and each of their respective successors and any other Primary Treasury Dealers selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
arithmetic average, as determined by the Company, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury
Dealer as of 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
 “Remaining Scheduled
Payments” means, with respect to any Note to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related Redemption Date but for such redemption (assuming, for this
purpose, that the Notes mature on the Par Call Date); provided, however, that, if such Redemption Date is not an Interest Payment Date with respect to such Note, the amount of the next scheduled interest payment thereon will be reduced by the amount
of interest accrued thereon to such Redemption Date. 
 “Sixth Supplemental Indenture” has the meaning specified in the
recitals of this Sixth Supplemental Indenture. 
 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc. 
 “Stated Maturity” means August 15, 2029. 

“Subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with
GAAP as of that date, as well as any other corporation, limited liability company, partnership, association or other entity of which securities or other ownership interests representing more than 50% of the

  
 9 

 
equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of that date, owned, controlled or held by the
parent or one or more Subsidiaries of the parent or by the parent and one or more Subsidiaries of the parent. 
 “Sunnyvale
Campus” means the land, improvements, buildings and fixtures (including any leasehold interest therein) with respect to the Company’s campus to be located in Sunnyvale, California on real property owned by the Company on the issue date
of the Initial Notes or any subsequently acquired contiguous or related real property. 
 “Treasury Rate” means, with
respect to any Redemption Date pursuant to Section 4.01 hereof, the rate per annum equal to the semi-annual equivalent yield to maturity (computed as of the third Business Day immediately preceding that Redemption Date) of the applicable
Comparable Treasury Issue. In determining this rate, the Company will assume a price for the applicable Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the applicable Comparable Treasury Price for such
Redemption Date. 
 “U.S. Subsidiary” means, with respect to any Person, a Subsidiary that is organized under the laws of
the United States or any state thereof or the District of Columbia. 
 “Voting Stock” means, with respect to any specified
“person” (as that term is used in Section 13(d)(3) of the Exchange Act) as of any date, the Capital Stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

Section 1.02. Conflicts with Base Indenture. In the event that any provision of this Sixth Supplemental
Indenture limits, qualifies or conflicts with a provision of the Base Indenture, such provision of this Sixth Supplemental Indenture shall control. 

ARTICLE 2 

FORM OF NOTES 

Section 2.01. Form of Notes. The Notes shall be substantially in the form of Exhibit A hereto which is hereby
incorporated in and expressly made a part of this Indenture. 

  
 10 

 ARTICLE 3 

THE NOTES 

Section 3.01. Amount; Series; Terms. (a) There is hereby created and designated a single series of
Securities under the Base Indenture: the title of the Notes shall be “3.750% Senior Notes due 2029.” The changes, modifications and supplements to the Base Indenture effected by this Sixth Supplemental Indenture shall be applicable only
with respect to, and govern the terms of, the Notes and shall not apply to any other series of Securities that may be issued under the Base Indenture unless a supplemental indenture with respect to such other series of Securities specifically
incorporates such changes, modifications and supplements. 
 (b)    The aggregate principal amount of Notes that
initially may be authenticated and delivered under this Sixth Supplemental Indenture (the “Initial Notes”) shall be limited to $500,000,000, subject to increase as set forth in Section 3.04 hereof. 

(c)    The Stated Maturity of the Notes shall be August 15, 2029. The Notes shall be payable and may be presented for
payment, purchase, redemption, registration of transfer and exchange, without service charge, at the office of the Company maintained for such purpose in New York, New York, which shall initially be the office or agency of the Trustee. 

(d)    The Notes shall bear interest at the rate of 3.750% per annum beginning on August 26, 2019 or from the most
recent date to which interest has been paid or duly provided for, as further provided in the form of Note annexed hereto as Exhibit A. Interest shall be computed on the basis of a 360-day year composed of
twelve 30-day months. The Interest Payment Dates for the Notes shall be February 15 and August 15 of each year, beginning on February 15, 2020, and the Regular Record Date for any interest
payable on each such Interest Payment Date shall be the immediately preceding February 1 and August 1, respectively; provided that upon the Stated Maturity of the Notes interest shall be payable on such Stated Maturity from the most recent
date to which interest has been paid or duly provided, and shall include the required payment of principal or premium, if any; and provided further, the Regular Record Date for any interest, principal, or premium, if any, payable on the Stated
Maturity of the Notes shall be the immediately preceding August 1. If any Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or
interest will be due on the next succeeding Business Day as if made on the date that such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date,
as the case may be, to the date of that payment on the next succeeding Business Day. 
 (e)    The Notes will be issued
in the form of one or more Global Securities, deposited with the Trustee as custodian for the Depositary or its 

  
 11 

 
nominee, duly executed by the Company and authenticated by the Trustee as provided in Section 3.03 and the Base Indenture. 

Section 3.02. Denominations. The Notes shall be issuable only in registered form without coupons and only in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 Section 3.03. Book-entry
Provisions for Global Securities. (a) Each Global Security authenticated under this Indenture shall be registered in the name of the Depositary designated for such Global Security or a nominee thereof and delivered to such Depositary or
nominee thereof or custodian therefor. Each such Global Security shall constitute a single Security for all purposes of this Indenture. 

(b)    Notwithstanding any other provision in the Indenture, no Global Security may be exchanged in whole or in part for
Notes registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof unless (A) such Depositary (1) has notified the
Company that it is unwilling or unable to continue as Depositary for such Global Security and no successor Depositary has been appointed within 90 days after such notice or (2) ceases to be a “clearing agency” registered under
Section 17A of the Exchange Act when the Depositary is required to be so registered to act as the Depositary and so notifies the Company, and no successor Depositary has been appointed within 90 days after such notice, (B) the Company
determines at any time that the Notes shall no longer be represented by Global Securities and shall inform such Depositary of such determination and participants in such Depositary elect to withdraw their beneficial interests in the Notes from such
Depositary, following notification by the Depositary of their right to do so, or (C) such exchange is made upon request by or on behalf of the Depositary in accordance with customary procedures, following the request of a Holder seeking to
exercise or enforce its rights under the Notes during the continuance of an Event of Default. 
 (c)    Subject to
clause (b) above, any exchange of a Global Security for other Notes may be made in whole or in part, and all Notes issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such
Global Security shall direct in writing to the Trustee. 
 (d)    Every Note authenticated and delivered upon
registration of transfer of, or in exchange for or in lieu of, a Global Security or any portion thereof shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Note is registered in the name of a Person
other than the Depositary for such Global Security or a nominee thereof. 
 (e)    Subject to the provisions of clause
(g) below, the registered Holder may grant proxies and otherwise authorize any Person, including Agent Members (as defined below in clause (g)) and Persons that may hold interests through 

  
 12 

 
Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Notes. 

(f)    In the event of the occurrence of any of the events specified in clause (b) above, the Company will promptly
make available to the Trustee a reasonable supply of certificated Notes in definitive, fully registered form, without interest coupons. 

(g)    Neither any members of, or participants in, the Depositary (collectively, the “Agent Members”) nor
any other Persons on whose behalf Agent Members may act shall have any rights under this Indenture with respect to any Global Security registered in the name of the Depositary or any nominee thereof, or under any such Global Security, and the
Depositary or such nominee, as the case may be, may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and holder of such Global Security for all purposes whatsoever. Notwithstanding the
foregoing, nothing herein shall prevent the Company or the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or such nominee, as the case may
be, or impair, as between the Depositary, its Agent Members and any other Person on whose behalf an Agent Member may act, the operation of customary practices of such Persons governing the exercise of the rights of a Holder of any Note. 

Section 3.04. Additional Notes. The Company may, from time to time, subject to compliance with any other
applicable provisions of the Indenture, without notice to or consent of the Holders of the Notes, create and issue pursuant to the Indenture additional Notes (“Additional Notes”) having terms and conditions set forth in Exhibit A,
identical to those of the other Notes, except that Additional Notes: 
 (i)    may have a different issue
date from other Outstanding Notes; 
 (ii)    may have a different issue price from other Outstanding
Notes; and 
 (iii)    may have a different amount of interest payable on the first Interest Payment Date
after issuance than is payable on other Outstanding Notes; 
 provided that if such Additional Notes are not fungible with the Initial Notes for U.S.
federal income tax purposes, such Additional Notes will have one or more separate CUSIP numbers. 

  
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 ARTICLE 4 

REDEMPTION OF SECURITIES 

Section 4.01. Optional Redemption. (a) Subject to Section 1.02 hereof, the provisions of
Article 11 of the Base Indenture, as supplemented by the provisions of this Sixth Supplemental Indenture, shall apply to the Notes. 

(b)    At any time before the Par Call Date, Notes shall be redeemable, in whole or in part, at the Company’s option,
at a Redemption Price equal to the greater of (i) 100% of the aggregate principal amount of the Notes to be redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments, discounted to the Redemption Date on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury Rate plus 35 basis points, plus, in the case of each of
clause (i) or (ii), accrued and unpaid interest thereon to, but not including, the Redemption Date for such Notes. 

(c)    At any time on or after the Par Call Date, Notes shall be redeemable, in whole or in part, at the Company’s
election, at a Redemption Price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to, but not including, the Redemption Date for such Notes. 

(d)    On and after any Redemption Date for the Notes, interest will cease to accrue on Notes or any portion thereof
called for redemption, unless the Company defaults in the payment of the Redemption Price and accrued interest, if any. On or before the relevant Redemption Date for the Notes, the Company shall deposit with the Trustee or a Paying Agent, funds
sufficient to pay the Redemption Price of the Notes to be redeemed on such Redemption Date, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest, if any. If less than all of the Notes are to be redeemed, the Notes
to be redeemed shall be selected in accordance with the procedures of the Depositary; provided, however, that in no event shall Notes of a principal amount of $2,000 or less be redeemed in part. 

(e)    Notice of any redemption shall be electronically delivered or mailed at least 15 days but not more than
60 days before the Redemption Date to each Holder of the Notes to be redeemed. Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be
determined at the time the notice is given. If the Redemption Price cannot be determined at the time such notice is to be given, the actual Redemption Price, calculated as described above in clause (b) or (c) of this Section 4.01, as
applicable, shall be set forth in an Officers’ Certificate delivered to the Trustee no later than two Business Days prior to the Redemption Date. Notice of redemption having been given as provided in the Indenture, the Notes called for
redemption shall become due and payable on the 

  
 14 

 
Redemption Date and at the applicable Redemption Price, plus accrued and unpaid interest, if any, to, but not including, the Redemption Date. 

Section 4.02. Repurchase of Notes Upon a Change of Control. (a) If a Change of Control Repurchase Event
occurs with respect to the Notes, unless the Company shall have exercised its right to redeem the Notes as described in Section 4.01 of this Sixth Supplemental Indenture, the Company shall be required to make an offer (the
“Change of Control Offer”) to each Holder of the Notes to repurchase all or any part (equal to $2,000 or any integral multiples of $1,000 in excess thereof) of that Holder’s Notes on the terms set forth in this
Section 4.02 and in the Notes. In the Change of Control Offer, the Company shall be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest, if any, on the Notes
repurchased up to, but not including, the date of repurchase. Within 30 days following any Change of Control Repurchase Event with respect to the Notes or, at the option of the Company, prior to any Change of Control, but after the public
announcement of the transaction or transactions that constitute or may constitute the Change of Control, the Company shall electronically deliver or mail a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions
that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase the Notes on the date specified in the notice, which date shall be no earlier than 30 days and no later than 60 days from the date such
notice is electronically delivered or mailed (the “Change of Control Payment Date”). The notice shall, if electronically delivered or mailed prior to the date of consummation of the Change of Control, state that the
offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the Change of Control Payment Date. 

(b)    On the Change of Control Payment Date, the Company shall, to the extent lawful: 

(i)    accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of
Control Offer; 
 (ii)    deposit with the Paying Agent an amount equal to the Change of Control Payment
in respect of all Notes or portions of Notes properly tendered; and 
 (iii)    deliver or cause to be
delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being repurchased. 

(c)    The Paying Agent will promptly deliver to each Holder of Notes properly tendered the payment for the Notes, and the
Trustee will promptly authenticate and deliver (or cause to be transferred by book-entry) to each Holder 

  
 15 

 
a new Note equal in principal amount to any unpurchased portion of any Notes surrendered. 

(d)    Notwithstanding the foregoing, the Company will not be required to make an offer to repurchase Notes upon a Change
of Control Repurchase Event, if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not
withdrawn under its offer. 
 (e)    If Holders of not less than 95% in aggregate principal amount of the Outstanding
Notes validly tender and do not withdraw such Notes in an offer to repurchase the Notes upon a Change of Control Repurchase Event and the Company, or any third party making an offer to repurchase the Notes upon a Change of Control Repurchase Event
in lieu of the Company pursuant to Section 4.02(d) hereof, purchases all Notes validly tendered and not withdrawn by such Holders, the Company shall have the right, upon not less than 30 nor more than 60 days’ prior notice, given not more
than 30 days following the Change of Control Payment Date, to redeem all Notes that remain Outstanding following such purchase at a Redemption Price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to
the Redemption Date. 
 (f)    The Company shall comply, to the extent applicable, with the requirements of Section 14e-1 of the Exchange Act and any other securities laws or regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of Notes as a result of a
Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes, the Company will comply with the applicable securities laws and
regulations and shall not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Notes by virtue of such conflict. 

ARTICLE 5 

COVENANTS AND REMEDIES 

Section 5.01. Limitation on Liens. (a) The Company will not incur, nor will it permit any of its wholly
owned U.S. Subsidiaries to incur, any Liens upon any Property of the Company or any of its wholly owned U.S. Subsidiaries, whether now owned or hereafter created or acquired, in order to secure Indebtedness of the Company or any of its wholly owned
U.S. Subsidiaries, in each case, unless prior to or at the same time, the Notes are equally and ratably secured with such secured Indebtedness until such time as such Indebtedness shall no longer be secured by such Lien. 

  
 16 

 (b)    The foregoing restrictions shall not apply, however, to: 

(1)    Liens on Property or Indebtedness existing with respect to any Person at the time such Person becomes a Subsidiary
of the Company or a Subsidiary of any Subsidiary of the Company, provided that such Lien was not incurred in anticipation of such Person becoming a Subsidiary; 

(2)    Liens on Property or Indebtedness existing at the time of acquisition by the Company or any of its Subsidiaries or a
Subsidiary of any Subsidiary of the Company of such Property or Indebtedness (which may include Property previously leased by the Company or any of its Subsidiaries and leasehold interests on such Property, provided that the lease terminates prior
to or upon the acquisition) or Liens on Property or Indebtedness to secure the payment of all or any part of the purchase price of such Property or Indebtedness, or Liens on Property or Indebtedness to secure any Indebtedness incurred prior to, at
the time of, or within 12 months after, the latest of the acquisition of such Property or Indebtedness or, in the case of Property, the completion of construction, the completion of improvements or the commencement of substantial commercial
operation of such Property for the purpose of financing all or any part of the purchase price of the Property and related costs and expenses, the construction or the making of the improvements; 

(3)    Liens securing Indebtedness of the Company or any of the Company’s Subsidiaries owing to the Company or any of
its Subsidiaries; 
 (4)    Liens existing on the date of issuance of the Initial Notes; 

(5)    Liens on Property or assets of a Person existing at the time such Person is merged into or consolidated with the
Company or any of its Subsidiaries, at the time such Person becomes a Subsidiary of the Company, or at the time of a sale, lease or other disposition of all or substantially all of the Properties or assets of a Person to the Company or any of its
Subsidiaries, provided that such Lien was not incurred in anticipation of the merger, consolidation, sale, lease, other disposition or other such transaction; 

(6)    Liens created in connection with a project financed with, and created to secure, a
Non-recourse Obligation; 
 (7)    Liens created to secure the Notes; 

(8)    Liens imposed by law or arising by operation of law, including, without limitation, landlords’, mailmen’s,
suppliers’, vendors’, carriers’, warehousemen’s and mechanic’s Liens and other similar Liens, Liens for master’s and crew’s wages and other similar laws, arising in the ordinary course of business, in each case for
sums not yet overdue by more than 60 calendar days or being contested in good faith by appropriate proceedings 

  
 17 

 
or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with an appeal or other proceedings for review and Liens arising
solely by virtue of any statutory or common law provision relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a creditor
depository institution; 
 (9)    Liens for taxes, assessments or other governmental charges or levies on Property not
yet due or payable or subject to penalties for non-payment or which are being contested in good faith by appropriate proceedings; 

(10)    Liens to secure the performance of obligations with respect to statutory or regulatory requirements, bids, trade
contracts, leases, statutory obligations, surety and appeal bonds, performance or return-of-money bonds and other obligations of a like nature; 

(11)    Permitted Liens; or 

(12)    any extensions, renewals or replacements of any Lien referred to in clauses (1) through (11) without increase
of the principal of the Indebtedness secured by such Lien (except to the extent of any fees or other costs associated with any such extension, renewal or replacement); provided, however, that any Liens permitted by any of clauses (1) through
(11) shall not extend to or cover any Property of the Company or any of its Subsidiaries, as the case may be, other than the Property specified in such clauses and improvements to such Property. 

(c)    Notwithstanding the restrictions set forth in Section 5.01(a) hereof, the Company and its wholly owned U.S.
Subsidiaries may incur Indebtedness secured by Liens which would otherwise be subject to the foregoing restrictions without equally and ratably securing the Notes; provided that, after giving effect to such Indebtedness, the aggregate amount
of all Indebtedness secured by Liens (not including Liens permitted under clauses (1) through (12) of Section 5.01(b) hereof), together with all Attributable Debt outstanding pursuant to Section 5.02(b) hereof, does not exceed 15% of
Consolidated Total Assets calculated as of the date of the creation or incurrence of the Lien. The Company and its wholly owned U.S. Subsidiaries may also, without equally and ratably securing the Notes, create or incur Liens that renew, substitute
or replace (including successive renewals, substitutions or replacements), in whole or in part, any Lien permitted pursuant to the preceding sentence. 

Section 5.02. Limitation on Sale and Leaseback Transactions. (a) The Company will not, nor will it
permit any of its wholly owned U.S. Subsidiaries to, enter into any sale and leaseback transaction for the sale and leasing back of any Property, whether now owned or hereafter acquired, unless: 

  
 18 

 (1)    such transaction was entered into prior to the
date of issuance of the Initial Notes; 
 (2)    such transaction was for the sale and leasing back to
the Company or any of its wholly owned U.S. Subsidiaries of any Property by one of its Subsidiaries; 

(3)    such transaction involves a lease for not more than three years (or which may be terminated by the
Company or its Subsidiaries within a period of not more than three years); 
 (4)    the Company would be
entitled to incur Indebtedness secured by a Lien with respect to such sale and leaseback transaction without equally and ratably securing the Notes pursuant to Section 5.01(b) hereof; 

(5)    such transaction was for the sale and leasing back to the Company or any of its Subsidiaries of the
Sunnyvale Campus; or 
 (6)    the Company applies an amount equal to the net proceeds from the sale of
such Property to the purchase of other Property or assets used or useful in its business or to the retirement of long-term Indebtedness within 12 months before or after the effective date of any such sale and leaseback transaction, provided
that, in lieu of applying such amount to the retirement of long-term Indebtedness, the Company may deliver debt securities (which may include the Notes) to the applicable trustee for cancellation, such debt securities to be credited at the cost
thereof to it. 
 (b)    Notwithstanding the restrictions set forth in Section 5.02(a) hereof, the Company and its
wholly owned U.S. Subsidiaries may enter into any sale and leaseback transaction which would otherwise be subject to the foregoing restrictions, if after giving effect thereto the aggregate amount of all Attributable Debt with respect to such
transactions (not including Attributable Debt permitted under clauses (1) through (6) of Section 5.02(a) hereof), together with all Indebtedness outstanding pursuant to Section 5.01(c) hereof, does not exceed 15% of Consolidated Total
Assets calculated as of the closing date of the sale and leaseback transaction. 
 Section 5.03. Company May
Consolidate, Etc., Only on Certain Terms. Section 8.1 of the Base Indenture shall not apply to the Notes, and the following shall apply in lieu thereof. The Company shall not consolidate with or merge into any other Person or sell, convey,
transfer, lease or otherwise dispose of all or substantially all of its properties and assets to any Person, unless: 

(a)    the Company is the continuing entity or the Person formed from such consolidation or merger, or which received the
transfer of or leases the assets of the Company, shall be a corporation organized and validly existing under the 

  
 19 

 
laws of the United States of America, any State thereof or the District of Columbia and shall expressly assume, by an indenture supplemental to the Indenture, executed and delivered to the
Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of and premium (if any) and interest on all the Notes and the performance or observance of every covenant of this Indenture on the part of the Company to be
performed or observed; 
 (b)    immediately after giving effect to such transaction, no Event of Default shall have
occurred and be continuing; and 
 (c)    the Company or the continuing entity has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, subject to customary qualifications and exceptions, each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with
such transaction, such supplemental indenture complies with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with and such supplemental indenture constitutes the legal, valid and
binding obligation of the Company enforceable against the Company in accordance with its terms. 

Section 5.04. Events of Default. Section 5.1 of the Base Indenture shall not apply to the Notes. Each of
the following events shall constitute an “Event of Default” with respect to the Notes: 

(a)    default in the payment of the principal of or premium (if any) on any Note when due and payable at its Stated
Maturity, upon optional redemption, acceleration or otherwise; 
 (b)    default in the payment of any interest upon any
Note when it becomes due and payable (if the time of payment has not been extended or deferred), and continuance of such default for a period of 30 days; 

(c)    default in the performance, or breach, of any covenant of the Company in this Indenture (other than a covenant a
default in whose performance or whose breach is elsewhere in this Section 5.04 hereof specifically dealt with), and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, or
overnight delivery service to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Outstanding Notes a written notice specifying such default or breach and stating that such
notice is a “Notice of Default” under the Indenture; 
 (d)    failure by the Company to repurchase the
Notes tendered for repurchase following the occurrence of a Change of Control Repurchase Event in conformity with Section 4.02 hereof; 

  
 20 

 (e)    (i) a failure to make any payment at maturity, including any
applicable grace period, on any indebtedness of the Company (other than indebtedness of the Company owing to any of its Subsidiaries) outstanding in an amount in excess of $100,000,000 and continuance of this failure to pay or (ii) a default on
any indebtedness of the Company (other than indebtedness owing to any of its Subsidiaries), which default results in the acceleration of such indebtedness in an amount in excess of $100,000,000 without such indebtedness having been discharged or the
acceleration having been cured, waived, rescinded or annulled, in the case of clause (i) or (ii) above, for a period of 30 days after written notice thereof to the Company by the Trustee or to the Company and the Trustee by the Holders of not
less than 25% in principal amount of Outstanding Notes (including any Additional Notes); provided, however, that if any failure, default or acceleration referred to in clause (i) or (ii) above ceases or is cured, waived, rescinded or
annulled, then the Event of Default will be deemed cured; 
 (f)    the entry by a court having jurisdiction in the
premises of (i) a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (ii) a decree or order
adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a
custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its Property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or
order for relief or any such other decree or order unstayed and in effect for a period of 90 consecutive days; and 

(g)    the commencement by the Company of a voluntary case or proceeding under any applicable Federal or State bankruptcy,
insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in an involuntary case or
proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent
seeking reorganization or relief under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or
other similar official of the Company or of any substantial part of its Property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or
the taking of corporate action by the Company in furtherance of any such action. 
 Section 5.05. Acceleration
Of Maturity; Rescission And Annulment. Section 5.2 of the Base Indenture shall not apply to the Notes, and the following 

  
 21 

 
shall apply in lieu thereof. If an Event of Default occurs and is continuing with respect to the Notes, then and in every such case except as provided below, the Trustee or the Holders of not
less than 25% in aggregate principal amount of the Outstanding Notes may declare the principal amount of all the Notes, plus accrued and unpaid interest, if any, to be due and payable immediately, by a notice in writing to the Company (and to the
Trustee if given by Holders), and upon any such declaration such principal amount shall become immediately due and payable. However, upon an Event of Default arising out of Section 5.04(f) or Section 5.04(g), the principal amount of all
Outstanding Notes, plus accrued and unpaid interest to the acceleration date, shall be due and payable immediately without notice from or other act on the part of the Trustee or any Holder. 

At any time after such a declaration of acceleration with respect to the Notes has been made and before a judgment or decree for payment of
the money due has been obtained by the Trustee as hereinafter in this Indenture provided, the Holders of a majority in aggregate principal amount of the Outstanding Notes, by written notice to the Company and the Trustee, may rescind and annul such
declaration and its consequences if all Events of Default, other than the non-payment of the principal and interest, if any, of Notes which have become due solely by such declaration of acceleration, have been
cured or waived as provided in Section 5.13 of the Base Indenture. No such rescission shall affect any subsequent default or impair any right consequent thereon. 

In case the Trustee shall have proceeded to enforce any right under the Indenture and such proceedings shall have been discontinued or been
abandoned because of such rescission or annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the Company and the Trustee shall be restored respectively to their several positions and
rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue as though no such proceedings had been taken. 

Section 5.06. References In Base Indenture. References to “Section 5.1(4),”
“Section 5.1(5)” and “Section 5.1(6)” in the Base Indenture shall be deemed to refer to Section 5.04(c), Section 5.04(f) and Section 5.04(g) of this Sixth Supplemental Indenture, respectively. 

Section 5.07. Waiver Of Certain Covenants. Section 10.8 of the Base Indenture shall not apply to any
covenant contained in this Sixth Supplemental Indenture. 
 Section 5.08. Maintenance of Office or Agency.
In accordance with Section 10.2 of the Base Indenture, the Company will maintain an office or agency where the Notes may be surrendered for registration of transfer or exchange or for presentation for payment, redemptions or repurchase and
where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company will give prompt written notice to the 

  
 22 

 
Trustee of the location, and any change in the location, of such office or agency not designated or appointed by the Trustee. If at any time the Company shall fail to maintain any such required
office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office or the office or agency of the Trustee. 

Section 5.09. Tax Covenant. In order to comply with applicable tax laws (inclusive of rules, regulations and
interpretations promulgated by competent authorities) related to the Indenture in effect from time to time (“Applicable Law”) that a foreign financial institution, issuer, trustee, paying agent or other party is or has agreed to be
subject to, the Company agrees at any time the Notes are held by a person other than the Depositary (i) to use commercially reasonable efforts to provide to the Trustee and each paying agent, upon their reasonable request, sufficient
information, reasonably available to the Company, about the parties and/or transactions (including any modification to the terms of such transactions) so that the Trustee and each paying agent can determine whether it has tax related obligations
under Applicable Law, and (ii) that the Trustee and each paying agent shall be entitled to make any withholding or deduction from payments to the extent necessary to comply with Applicable Law for which the Trustee and each paying agent shall
not have any liability. Nothing in this Section 5.09 shall be construed to require the Company to make available its tax returns (or any other information that it deems to be confidential) to any person. The terms of this paragraph shall
survive the satisfaction and discharge of the Indenture. 
 ARTICLE 6 

THE TRUSTEE 

Section 6.01. Notice Of Defaults. The first two paragraphs of Section 6.2 of the Base Indenture shall
not apply to the Notes and the following shall apply in lieu thereof. 
 If a default occurs hereunder with respect to the Notes, the
Trustee shall give the Holders of Notes notice of all defaults known to the Trustee which have occurred with respect to the Notes, such notice to be transmitted within 45 days after the occurrence thereof, unless such defaults shall have been cured
before the giving of such notice; provided, however, that except in the case of a default in the payment of principal or Redemption Price of (or premium, if any) or interest on any Notes, the Trustee shall be protected in withholding such notice if
and so long as a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders of Notes. For the purpose of this Section 6.01, the term
“default” 

  
 23 

 
means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to the Notes. 

Except with respect to Section 10.1 of the Base Indenture, the Trustee shall have no duty to inquire as to the performance of the Company
with respect to the covenants contained in Article 10 of the Base Indenture or Article 5 hereof. In addition, the Trustee shall not be deemed to have knowledge of an Event of Default except (i) any default or Event of Default occurring
pursuant to Section 5.04(a) or Section 5.04(b) hereof (defaults in payments on the Notes) or (ii) any default or Event of Default of which a Responsible Officer of the Trustee shall have received written notification at the Corporate
Trust Office or obtained actual knowledge. 
 ARTICLE 7 

MISCELLANEOUS 

Section 7.01. Sinking Funds. Article 12 of the Base Indenture shall have no application. The Notes shall not
have the benefit of a sinking fund. 
 Section 7.02. Confirmation of Indenture. The Base Indenture, as
supplemented and amended by this Sixth Supplemental Indenture and all other indentures supplemental thereto, is in all respects ratified and confirmed, and the Base Indenture, this Sixth Supplemental Indenture and all indentures supplemental thereto
shall be read, taken and construed as one and the same instrument. 
 Section 7.03. Counterparts. The
parties hereto may sign one or more copies of this Sixth Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement. 

Section 7.04. Governing Law. THIS SIXTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF). 

Section 7.05. Recitals By The Company. The recitals in this Sixth Supplemental Indenture are made by
the Company only and not by the Trustee, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Sixth Supplemental Indenture or of the Notes. The Trustee shall
not be accountable for the use or application by the Company of the Notes or the proceeds thereof. All of the provisions contained in the Base Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be
applicable in respect of the 

  
 24 

 
Notes and of this Sixth Supplemental Indenture as fully and with like effect as if set forth herein in full. 

Section 7.06. Submission to Jurisdiction; Waiver of Immunity. Each of the Company and the Trustee hereby
(i) irrevocably submits to the non-exclusive jurisdiction of any New York State court or United States federal court sitting in the Borough of Manhattan in the City of New York solely for purposes of any
legal action or proceeding arising out of or relating to the Securities or this Indenture and (ii) irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of venue of any legal
action or proceeding in any New York State court or United States federal court sitting in the Borough of Manhattan in the City of New York, and any claim that any such action or proceeding brought in any such court has been brought in an
inconvenient forum. The Company agrees that a final judgment in any such legal action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

  
 25 

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

			
	 JUNIPER NETWORKS, INC.,
 as
Issuer

		
	By:	 	 /s/ Kenneth Miller

	Name:	 	Kenneth Miller
	Title:	 	Executive Vice President, Chief Financial Officer

  

			
	Attest:	 	 /s/ Brian M. Martin

	Name:	 	Brian M. Martin
	Title:	 	Senior Vice President, General Counsel and Secretary

  
 [Signature Page to Sixth
Supplemental Indenture] 

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

	Name:	 	Karen Yu
	Title:	 	Vice President

  
 [Signature Page to Sixth
Supplemental Indenture] 

 EXHIBIT A 

FORM OF NOTE 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO
TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN 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 A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS NOTE ARE 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 NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE INDENTURE. 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH
TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

 JUNIPER NETWORKS, INC. 

3.750% Senior Notes due 2029 
  

			
	No. R-1	  	 CUSIP No.: 48203R AM6

ISIN No.: US48203RAM60

$500,000,000

 JUNIPER NETWORKS, INC., a Delaware corporation (the “Issuer”), for value received promises to
pay to CEDE & CO. or registered assigns the principal sum of FIVE HUNDRED MILLION DOLLARS on August 15, 2029 (the “Stated Maturity”). 

Interest Payment Dates: February 15 and August 15 (each, an “Interest Payment Date”), commencing on
February 15, 2020, and upon the Stated Maturity. 
 Interest Record Dates: February 1 and August 1 (each, a “Regular
Record Date”), and August 1, 2029 (the “Final Record Date”). 
 Reference is made to the further provisions
of this Note contained herein, which will for all purposes have the same effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officers. 
  

			
	 JUNIPER NETWORKS, INC.,

as Issuer

 
			
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

			
	 Attest:
	 	  

	Name:	 	
	Title:	 	

 This is one of the Notes designated herein and referred to in the within-mentioned
Indenture. 
 Dated: August 26, 2019 
  

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

as Trustee

		
	 By:
	 	  

		 	 Authorized Signatory

 (REVERSE OF NOTE) 

JUNIPER NETWORKS, INC. 
 3.750%
Senior Notes due 2029 
 1.    Interest. 

Juniper Networks, Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum
described above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from August 26, 2019. Interest on this Note will be paid to but excluding the relevant Interest
Payment Date or on such earlier date as the principal amount shall become due in accordance with the provisions hereof. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, beginning on February 15, 2020, and on
the Stated Maturity. If any Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day
as if made on the date that such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the
next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and at the same rate on overdue
installments of interest (without regard to any applicable grace periods) to the extent lawful from the dates such amounts are due until such amounts are paid or made available for payment. 

2.    Paying Agent. 

Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as paying agent. The Issuer may change any
paying agent without notice to the Holders. 
 3.    Indenture; Defined Terms. 

This Note is one of the 3.750% Senior Notes due 2029 (the “Notes”) issued under the Indenture dated as of March 3, 2011
(as amended, modified or supplemented from time to time in accordance therewith, the “Base Indenture” and, as amended, modified and supplemented by the Sixth Supplemental Indenture dated as of August 26, 2019, the
“Indenture”) by and between the Issuer and the Trustee, as trustee. This Note is a “Security” and the Notes are “Securities” under the Indenture. 

 For purposes of this Note, unless otherwise defined herein, capitalized terms herein are
used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”) as in
effect on the date on which the Indenture was qualified under the TIA. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and holders of Notes are referred to the Indenture and the TIA for a statement of them.
To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 

4.    Denominations; Transfer; Exchange. 

The Notes are in registered form, without coupons, in denominations of $2,000 and integral multiples of $1,000 thereafter. A Holder shall
register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental
charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice
of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part. 

5.    Amendment; Modification; Waiver. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of
the Issuer and the rights of the Holders of the Securities of each series affected under the Indenture at any time by the Issuer and the Trustee with the consent of the Holders of not less than a majority in principal amount of the Securities of
each series at the time Outstanding affected thereby. The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Securities of a series at the time Outstanding with respect to which a default
under the Indenture shall have occurred and be continuing, on behalf of the Holders of all Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences. The Indenture also permits
the Holders of not less than a majority in principal amount of the Securities of a series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Issuer with certain provisions of the Indenture.
Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu
hereof, whether or not notation of such consent or waiver is made upon this Note. Without notice to or consent of any Holder, the Indenture also permits the 

 
amendment or supplement thereof to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the commission in connection with qualifications of the
Indenture under the TIA, or make any other change that does not adversely affect the rights of Holders. 

6.    Optional Redemption. 

The Issuer may redeem the Notes in whole or in part, at its option, at any time or from time to time prior to maturity on at least 15 days, but
not more than 60 days, prior notice electronically delivered or mailed to the registered address of each Holder of the Notes (the “Redemption Date”) pursuant to the following terms: 

At any time before May 15, 2029 (the “Par Call Date”), the redemption price will be equal to the greater of: 

(i) 100% of the aggregate principal amount of the Notes to be redeemed; or 

(ii) the sum of the present values of the remaining scheduled payments of the principal thereof and interest thereon that would be due after
the related Redemption Date but for such redemption (assuming, for this purpose, that the Notes mature on the Par Call Date), exclusive of interest accrued and unpaid to, but not including, the Redemption Date if such Redemption Date is not an
Interest Payment Date, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), using a discount rate equal
to the Treasury Rate plus 35 basis points (such sum to be calculated as set forth in the Indenture), 
 plus, in the case of (i) or (ii), accrued
and unpaid interest thereon to, but not including, the Redemption Date. 
 At any time on or after the Par Call Date, the Issuer may redeem
Notes, in whole or in part, at a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to, but not including, the Redemption Date. 

Notwithstanding the foregoing, installments of interest on Notes that are due and payable on Interest Payment Dates falling on or prior to a
Redemption Date will be payable on the Interest Payment Date to the registered Holders as of the close of business on the relevant record date according to the Notes and the Indenture. 

On and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or any portion thereof called for redemption,
unless the Issuer defaults in the payment of the Redemption Price and accrued interest, if any. On 

 
or before the Redemption Date for the Notes, the Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the
Redemption Date, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest, if any. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected in accordance with the procedures of the
Depositary; provided, however, that in no event shall Notes of a principal amount of $2,000 or less be redeemed in part. 
 Notice of
any redemption shall be electronically delivered or mailed at least 15 days but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed. Such notice shall state the Redemption Price (if known) or the
formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be determined at the time such notice is to be given, the actual
Redemption Price, calculated as set forth in the Indenture, shall be set forth in an Officers’ Certificate of the Issuer delivered to the Trustee no later than two Business Days prior to the Redemption Date. Notice of redemption having been
given as provided in the Indenture, the Notes called for redemption shall become due and payable on the Redemption Date and at the applicable Redemption Price, plus accrued and unpaid interest, if any, to, but not including, the Redemption Date.

 7.    Offer to Repurchase Upon Change of Control Repurchase Event. 

Upon the occurrence of a Change of Control Repurchase Event with respect to the Notes, unless the Issuer shall have exercised its right
pursuant to Section 6 hereof to redeem the Notes, the Issuer shall be required to make an offer (the “Change of Control Offer”) to each Holder of such Notes to repurchase all or any part (equal to $2,000 or any integral
multiples of $1,000 in excess thereof) of that Holder’s Notes on the terms set forth in the Sixth Supplemental Indenture and in the Notes. In the Change of Control Offer, the Issuer shall be required to offer payment in cash equal to 101% of
the aggregate principal amount of the Notes repurchased, plus accrued and unpaid interest, if any, on Notes repurchased up to, but not including, the date of repurchase. 

Within 30 days following any Change of Control Repurchase Event with respect to the Notes or, at the option of the Issuer, prior to any
Change of Control, but after the public announcement of the transaction or transactions that constitute or may constitute the Change of Control, the Issuer shall electronically deliver or mail a notice to each Holder describing the transaction or
transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase the Notes on the date specified in the notice, which date shall be no earlier than 30 days and no later than 60 days from the
date such notice is electronically delivered or mailed (the “Change of Control Payment Date”). The notice shall, if electronically delivered or mailed prior to the date of 

 
consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the Change of Control Payment Date. 

On the Change of Control Payment Date, the Issuer shall, to the extent lawful: 

(i)    accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of
Control Offer; 
 (ii)    deposit with the Paying Agent an amount equal to the Change of Control Payment
in respect of all Notes or portions of Notes properly tendered; and 
 (iii)    deliver or cause to be
delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased. 

If Holders of not less than 95% in aggregate principal amount of the Outstanding Notes validly tender and do not withdraw such Notes in an
offer to repurchase the Notes upon a Change of Control Repurchase Event and the Issuer, or any third party making an offer to repurchase the Notes upon a Change of Control Repurchase Event in lieu of the Company, purchases all Notes validly tendered
and not withdrawn by such Holders, the Issuer shall have the right, upon not less than 30 nor more than 60 days’ prior notice, given not more than 30 days following the Change of Control Payment Date, to redeem all Notes that remain Outstanding
following such purchase at a Redemption Price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the Redemption Date. 

The Issuer shall comply, to the extent applicable, with the requirements of Section 14e-1 of the
Exchange Act and any other securities laws or regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of Notes as a result of a Change of Control Repurchase Event. To the extent that the
provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes, the Issuer will comply with the applicable securities laws and regulations and shall not be deemed to have breached its
obligations under the Change of Control Repurchase Event provisions of the Notes by virtue of such conflict. 

8.    Defaults and Remedies. 

If an Event of Default with respect to the Notes occurs and is continuing, then in every such case the Trustee or the Holders of not less than
25% in principal amount of the Outstanding Notes may declare the principal amount of all the Notes to be due and payable immediately, by a notice in writing to the Issuer (and to the Trustee if given by Holders), and upon any such declaration such
principal amount (or specified amount) shall become immediately due and payable.     

 The Indenture permits, subject to certain limitations therein provided, Holders of not less
than a majority in aggregate principal amount of the Outstanding Notes to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee, with respect
to the Notes. 
 9.    Authentication. 

This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 

10.    Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT
(= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

11.    CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to
be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 

12.    Governing Law. 

The laws of the State of New York shall govern the Indenture and this Note. 

  
  

ASSIGNMENT FORM 
 To assign this Note, fill in
the form below: 
 I or we assign and transfer this Note to 

(Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint                      agent to
transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

 
 Date:
                                         
            Your Signature:
                                         
            
  
  

Sign exactly as your name appears on the other side of this Note. 
  

			
		  	  

		  	 Signature

	 Signature Guarantee:
	  	
		
	  
	  	  

	 Signature must be guaranteed
	  	 Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 
  

 

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Note for certificated Notes or a part of another Global Note have been made: 

 

																	
	 Date of Exchange
	  	Amount of decrease
in principal amount
of this Global Note	 	  	Amount of increase
in principal amount
of this Global Note	 	  	Principal amount of
this Global Note
following such
decrease (or
increase)	 	  	Signature of
authorized officer of
Trustee	 
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			

 REPURCHASE EXERCISE NOTICE UPON A CHANGE OF CONTROL 

To: Juniper Networks, Inc. 
 The undersigned
registered owner of this Security hereby acknowledges receipt of a notice from Juniper Networks, Inc. (the “Issuer”) as to the occurrence of a Change of Control Repurchase Event with respect to the Issuer and hereby directs the
Issuer to pay, or cause the Trustee to pay,                      an amount in cash equal to 101% of the aggregate
principal amount of the Notes, or the portion thereof (which is $2,000 principal amount or an integral multiple of $1,000 in excess thereof) below designated, to be repurchased plus accrued and unpaid interest to, but excluding, the repurchase date,
except as provided in the Indenture. The undersigned hereby agrees that the Notes will be repurchased as of the Change of Control Payment Date pursuant to the terms and conditions thereof and the Indenture. 

Dated:
                     

Signature
                     

Principal amount to be repurchased (at least $2,000 or an integral multiple of $1,000 in excess thereof):
                     

Remaining principal amount following such repurchase:
                     
  

			
		
	By:	 	 
		 	Authorized Signatory

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