Document:

Exhibit 10.1

 

Exchange Agreement

 

August 18, 2022

 

Intercept Pharmaceuticals, Inc.

 

3.50% Convertible Senior Secured Notes due
2026

 

The undersigned investor (the “Investor”), for
itself and on behalf of the beneficial owners listed on Exhibit A hereto (“Accounts”) for whom the Investor
holds contractual and investment authority (each, including the Investor if it is a party exchanging Notes (as defined below), an “Exchanging
Investor”), hereby agrees to exchange, with Intercept Pharmaceuticals, Inc., a Delaware corporation (the “Company”),
certain 3.50% Convertible Senior Secured Notes due 2026, CUSIP 45845P AC2 (the “Notes”) for the Exchange Consideration
(as defined below), pursuant to this exchange agreement (this “Agreement” or the “Exchange Agreement”).
The Investor understands that the exchange (the “Exchange”) is being made without registration of the offer or sale
of the Shares under the Securities Act of 1933, as amended (the “Securities Act”), or any securities laws of any state
of the United States or of any other jurisdiction in a private placement pursuant to the exemption from registration provided by Section 4(a)(2) of
the Securities Act and that each Exchanging Investor participating in the Exchange is required to be an institutional “accredited
investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act that is
also a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act. Capitalized terms used
but not defined in this Exchange Agreement have the respective meanings set forth in the Indenture for Senior Debt Securities (the “Base
Indenture”), dated as of August 17, 2021, between the Company and U.S. Bank Trust Company, National Association, as trustee
(the “Trustee”), as supplemented by the First Supplemental Indenture, dated as of August 17, 2021 (the “Supplemental
Indenture” and, together with the Base Indenture, the “Indenture”)), between the Company and the Trustee.

 

1.            Exchange.
On the basis of the representations, warranties and agreements herein contained and subject to the terms and conditions herein set forth,
the Investor hereby agrees to exchange for itself and on behalf of the Exchanging Investors, an aggregate principal amount of the Notes
set forth on Exhibit A hereto (the “Exchanged Notes”) for:

 

(a)            an
amount of cash as set forth on Exhibit A hereto (the “Cash Payment”); and

 

(b)            a
number of shares of the Company’s common stock, $0.001 par value per share as set forth on Exhibit A hereto (the “Shares”
and together with the Cash Payment, the “Exchange Consideration”).

 

For the avoidance of doubt, no additional cash will be paid
to any Exchanging Investor in respect of any accrued and unpaid interest on the Exchanged Notes.

 

The Investor agrees that it and any Exchanging Investor shall not
deliver a Notice of Conversion with respect to any Exchanged Notes and the Investor and each Exchanging Investor shall hold the Exchanged
Notes until the Closing (as defined below). In consideration for the performance of their obligations hereunder (including as described
in the immediately preceding sentence), the Company agrees to deliver the Exchange Consideration on the Closing Date (as defined below)
to each Exchanging Investor in exchange for its Exchanged Notes.

 

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The Exchange shall occur in accordance with the procedures set forth
in Exhibit B.1 hereto (the “Exchange Procedures”); provided that each of the Company and the Investor
acknowledges that the payment or delivery of the Exchange Consideration to any Exchanging Investor may be delayed due to procedures and
mechanics within the system of VStock Transfer, LLC (the “Transfer Agent”), The Depositary Trust Company (“DTC”),
The Nasdaq Global Select Market (“Nasdaq”) (including the procedures and mechanics regarding the listing of the Shares
on Nasdaq), the Trustee or other events beyond the Company’s control and that such a delay will not be a default under this Agreement
so long as (i) the Company is using its reasonable best efforts to effect such delivery, or (ii) such delay arises due to a
failure by Investor to deliver settlement instructions in accordance with Section 3(s); provided, further, that no
payment or delivery of Exchange Consideration will be made until the Exchanged Notes have been properly submitted for exchange in accordance
with the Exchange Procedures and no accrued interest will be payable by reason of any delay in making such delivery.

 

The closing of the Exchange (the “Closing”) shall
take place remotely via the exchange of documents and signatures at 10:00 a.m., New York City time, on August 25, 2022 (the “Closing
Date”), or at such other time and place as the Company and the Investor may mutually agree. On the Closing Date, subject to
satisfaction of the conditions precedent specified herein and the prior receipt by the Company from the Investor of the Exchanged Notes,
the Company shall deliver the Shares to the DTC account and the Cash Payment by wire transfer to the account, in each case specified
by the Investor for each relevant Exchanging Investor in Exhibit B.2. All questions as to the form of all documents and the
validity and acceptance of the Exchanged Notes will be determined by the Company, in its sole discretion, which determination shall be
final and binding. Subject to the terms and conditions of this Agreement, the Investor hereby, for itself and on behalf of its Accounts,
(a) waives any and all other rights with respect to such Exchanged Notes and (b) releases and discharges the Company from any
and all claims the undersigned and its Accounts may now have, or may have in the future, arising out of, or related to, such Exchanged
Notes.

 

2.            Representations
and Warranties and Covenants of the Company. As of the date hereof and the Closing Date, the Company represents and warrants to,
and covenants with, the Exchanging Investors that, other than as disclosed in any reports, schedules, forms, proxy statements, statements
and other documents required to be filed by the Company with the Securities and Exchange Commission (the “SEC”) pursuant
to the reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or timely filed
notifications of late filings for any of the foregoing (all of the foregoing filed or furnished prior to the date hereof and all exhibits
and appendices included therein and financial statements, notes and schedules thereto and documents incorporated by reference therein,
the “SEC Documents”):

 

(a)            The
Company and each of its subsidiaries within the meaning of Rule 1-02(w) of Regulation S-X promulgated under the Securities
Act have been duly organized and are validly existing and in good standing under the laws of their respective jurisdictions of organization,
are duly qualified to do business and are in good standing in each jurisdiction in which their respective ownership or lease of property
or the conduct of their respective businesses requires such qualification, and have all power and authority necessary to own or hold
their respective properties and to conduct the businesses in which they are engaged, except where the failure to be so qualified or have
such power or authority would not, individually or in the aggregate, (i) have a material adverse change in the condition, financial
or otherwise, or in the earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise,
whether or not arising in the ordinary course of business (a “Material Adverse Effect”), (ii) prevent or materially
interfere with consummation of the transactions contemplated by this Agreement or (iii) result in the delisting of shares of Common
Stock from Nasdaq. The Company has the power, authority and capacity to execute and deliver this Agreement, to perform its obligations
hereunder, and to consummate the Exchange contemplated hereby; and all action required to be taken for the due and proper authorization,
execution and delivery by it of the Agreement and the consummation by it of the Exchange contemplated thereby has been duly and validly
taken.

 

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(b)            This
Agreement has been duly authorized, executed and delivered by the Company.

 

(c)            This
Agreement and consummation of the Exchange will not (i) result in any violation of the provisions of the charter or by-laws or similar
organizational documents of the Company or any of its subsidiaries or (ii) result in the violation of any law or statute or any
judgment, order, rule or regulation of any court or arbitrator or governmental or regulatory authority (including, without limitation,
the rules and regulations of the Nasdaq), in each case, applicable to the Company, except for any such conflict, breach or violation
that would not, individually or in the aggregate, have a Material Adverse Effect..

 

(d)            When
issued, delivered and paid for in the manner set forth in this Agreement, the Shares will (i) be validly issued, fully paid and
non-assessable, (ii) be free and clear of any Liens (as defined in Section 3(c) below), option, equity or other adverse
claim thereto, including claims or rights under any voting trust agreements, shareholder agreements or other agreements to which the
Company is a party, and (iii) will not be subject to any preemptive, participation, rights of first refusal or other similar rights
under the General Corporation Law of the State of Delaware or any to which the Company is a party (other than any such rights that will
be waived prior to the Closing). Assuming the accuracy of the Investor’s and each Exchanging Investor’s representations and
warranties hereunder, the Shares (a) will be issued in the Exchange in reliance on the exemption from the registration requirements
of the Securities Act pursuant to 4(a)(2) of the Securities Act and (b) when issued will be free of any restrictive legend
and will not be subject to restrictions on transfer under Rule 144 promulgated under the Securities Act.

 

(e)            The
execution of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby does not require
the consent, approval, authorization, order, registration or qualification of, or filing with, any governmental authority, non-governmental
regulatory authorities (including Nasdaq, other than the filing with Nasdaq of a Listing of Additional Shares notification (the “LAS”)
which the Company will so file prior to the issuance of Shares on the Closing Date), except as may be required under any state or federal
securities laws or that may be made or obtained after the Closing without penalty.

 

(f)            From
January 1, 2022 to the date of this Agreement, the Company has timely filed all reports, schedules, forms, proxy statements, statements
and other documents required to be filed by it with the SEC pursuant to the reporting requirements of the Exchange Act or timely filed
notifications of late filings for any of the foregoing. As of their respective dates, the SEC Documents complied in all material respects
with the requirements of the Exchange Act and the rules and regulations of the SEC promulgated thereunder applicable to the SEC
Documents.

 

(g)            Without
the prior written consent of the Investor, the Company shall not disclose the name of the Investor or any Exchanging Investor in any
filing or announcement, unless such disclosure is required by applicable law, rule, regulation or legal process based on advice of counsel.

 

(h)            There
is no action, lawsuit, arbitration, claim or proceeding pending or, to the knowledge of the Company, threatened, against or affecting
the Company that would reasonably be expected to result in a Material Adverse Effect, or which would reasonably be expected to materially
and adversely affect the consummation of the Exchange contemplated in this Agreement or the performance of the Company of its obligations
hereunder.

 

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(i)            The
Company agrees that it shall, upon request, use its reasonable efforts to execute and deliver any additional documents reasonably deemed
by the Trustee or Transfer Agent to be reasonably necessary to complete the Exchange.

 

(j)            The
Company hereby agrees to publicly disclose on or before 9:00 a.m., New York City time, on the first business day after the date hereof,
the exchange of the Exchanged Notes as contemplated by this Agreement in a press release or Current Report on Form 8-K. The Company
hereby acknowledges and agrees that any such press release or Current Report on Form 8-K will disclose all confidential information
(as described in the confirmatory wall-crossing email received by the Investor from the Placement Agent) communicated by the Company
to the Investor or any Exchanging Investor in connection with the Exchange to the extent the Company believes, at its sole discretion,
such confidential information constitutes material non-public information, if any, with respect to the Exchange or otherwise.

 

3.            Representations
and Warranties and Covenants of the Investor. As of the date hereof and as of the Closing Date (except as otherwise set forth below),
the Investor hereby, for itself and on behalf of the Exchanging Investors, represents and warrants to, and covenants with, the Company
that:

 

(a)            The
Investor and each Exchanging Investor is a corporation, limited partnership, limited liability company or other entity, as the case may
be, duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation.

 

(b)            The
Investor has all requisite corporate (or other applicable entity) power and authority to execute and deliver this Agreement for itself
and on behalf of the Exchanging Investors and to carry out and perform its obligations under the terms hereof and the transactions contemplated
hereby. This Agreement has been duly authorized, executed and delivered by the Investor and constitutes the legal, valid and binding
obligation of the Investor and each Exchanging Investor, enforceable in accordance with its terms, except that such enforcement may be
subject to (a) bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting or relating
to enforcement of creditors’ rights generally and (b) general principles of equity, whether such enforceability is considered
in a proceeding at law or in equity. If the Investor is executing this Agreement on behalf of an Account, (i) the Investor has all
requisite discretionary and contractual authority to enter into this Agreement on behalf of, and, bind, each Account, and (ii) Exhibit A
attached to this Agreement contains a true, correct and complete list of (A) the name of each Account and (B) the principal
amount of each Account’s Exchanged Notes, as applicable.

 

(c)            As
of the date hereof and as of the Closing, each of the Exchanging Investors is the sole legal and beneficial owner of the Exchanged Notes
set forth on Exhibit A attached to this Agreement. When the Exchanged Notes are exchanged, the Company will acquire good,
marketable and unencumbered title thereto, free and clear of all liens, mortgages, pledges, security interests, restrictions, charges,
encumbrances or adverse claims, rights or proxies of any kind (“Liens”). None of the Exchanging Investors has, nor
prior to the Closing, will have, in whole or in part, other than pledges or security interests that an Exchanging Investor may have created
in favor of a prime broker under and in accordance with its prime brokerage agreement with such broker and other than the authority granted
by the Exchanging Investors to the Investor, (x) assigned, transferred, hypothecated, pledged, exchanged, submitted for conversion
pursuant to the Indenture or otherwise disposed of any of its Exchanged Notes (other than to the Company pursuant hereto), or (y) given
any person or entity any transfer order, power of attorney or other authority of any nature whatsoever with respect to its Exchanged
Notes.

 

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(d)            The
execution, delivery and performance of this Agreement by the Investor and compliance by the Investor and each Exchanging Investor with
all provisions hereof and the consummation of the transactions contemplated hereby, including the Exchange, will not (i) require
any consent, approval, authorization or other order of, or qualification with, any court or governmental body or agency (except as may
be required under the securities or “blue sky” laws of the various states), (ii) constitute a breach or violation of
any of the terms or provisions of, or result in a default under, (x) the organizational documents of any of the Investor or any
Exchanging Investor or (y) any material indenture, loan agreement, mortgage, lease or other agreement or instrument to which the
Investor or any of the Exchanging Investors is a party or by which such Investor or Exchanging Investor is bound, or (iii) violate
or conflict with any applicable law or any rule, regulation, judgment, decision, order or decree of any court or any governmental body
or agency having jurisdiction over the Investor or any of the Exchanging Investors.

 

(e)            The
Investor and each Exchanging Investor will comply with all applicable laws and regulations in effect necessary for each Exchanging Investor
to consummate the transactions contemplated hereby and obtain any consent, approval or permission required for the transactions contemplated
hereby and the laws and regulations of any jurisdiction to which the Investor and each such Exchanging Investor is subject, and the Company
shall have no responsibility therefor.

 

(f)            The
Investor and each Exchanging Investor acknowledges that no person has been authorized to give any information or to make any representation
or warranty concerning the Company or the Exchange other than the information set forth herein in connection with the Investor’s
and each Exchanging Investor’s examination of the Company and the terms of the Exchange and the Shares, and the Company does not
take, and J. Wood Capital Advisors LLC (the “Placement Agent”) does not take any responsibility for, and neither the
Company nor the Placement Agent can provide any assurance as to the reliability of, any other information that others may provide to
the Investor or any Exchanging Investor.

 

(g)            The
Investor and each Exchanging Investor has such knowledge, skill and experience in business, financial and investment matters so that
it is capable of evaluating the merits and risks with respect to the Exchange and an investment in the Shares. With the assistance of
the Investor’s and each Exchanging Investor’s own professional advisors, to the extent that the Investor and such Exchanging
Investor has deemed appropriate, each Exchanging Investor has made its own legal, tax, accounting and financial evaluation of the merits
and risks of an investment in the Shares and the consequences of the Exchange and this Agreement and the Investor and each Exchanging
Investor has made its own independent decision that the investment in the Shares is suitable and appropriate for the Investor and such
Exchanging Investor. The Investor and each Exchanging Investor has considered the suitability of the Shares as an investment in light
of the Investor and such Exchanging Investor’s circumstances and financial condition and is able to bear the risks associated with
an investment in the Shares.

 

(h)            The
Investor confirms that it and each Exchanging Investor is not relying on any communication (written or oral) of the Company, the Placement
Agent or any of their respective affiliates or representatives as investment advice or as a recommendation to acquire the Shares or the
Cash Payment in the Exchange. It is understood that information provided by the Company, the Placement Agent or any of their respective
affiliates and representatives shall not be considered investment advice or a recommendation to participate in the Exchange, and that
none of the Company, the Placement Agent or any of their respective affiliates or representatives is acting or has acted as an advisor
to the Investor or any Exchanging Investor in deciding to participate in the Exchange.

 

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(i)            The
Investor confirms that the Company has not (i) given the Investor or any Exchanging Investor any guarantee, representation or warranty
as to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment
in the Shares or (ii) made any representation or warranty to the Investor or any Exchanging Investor regarding the legality of an
investment in the Shares under applicable legal investment or similar laws or regulations. The Investor confirms that it and each Exchanging
Investor is not relying and has not relied, upon any statement, advice (whether accounting, tax, financial legal or other), representation
or warranty by the Company or any of its affiliates or representatives, including, without limitation, the Placement Agent, except for
the representations and warranties made by the Company in this Agreement, and that the Investor has made its own independent decision
that the investment in the Shares is suitable and appropriate for the Investor and the Exchanging Investors.

 

(j)            The
Investor and each Exchanging Investor is familiar with the business and financial condition and operations of the Company and the Investor
and each Exchanging Investor has had the opportunity to conduct its own investigation of the Company and the Shares. The Investor and
each Exchanging Investor has had access to the SEC Documents and such other information concerning the Company and the Shares as it deems
necessary to enable it to make an informed investment decision concerning the Exchange. The Investor and each Exchanging Investor has
been offered the opportunity to ask such questions of the Company and its representatives and received answers thereto as it deems necessary
to enable it to make an informed investment decision concerning the Exchange.

 

(k)            Each
Exchanging Investor is an institutional “accredited investor” as defined in Rule 501(a)(1), (2), (3) or (7) under
the Securities Act and a “qualified institutional buyer” as defined in Rule 144A under the Securities Act. The Investor
agrees to furnish any additional information regarding the Investor or any Exchanging Investor reasonably requested by the Company or
any of its affiliates to assure compliance with applicable U.S. federal and state securities laws in connection with the Exchange.

 

(l)            The
Investor and each Exchanging Investor is not, and has not been during the consecutive three month period preceding the date hereof and,
as of the Closing will not be, a director, officer or “affiliate” within the meaning of Rule 144 promulgated under the
Securities Act (an “Affiliate”) of the Company. The Investor and each Exchanging Holder has no ability, directly or
indirectly, individually or together with any other person, to influence, direct or cause the direction of the management or policies
of the Company or any of its subsidiaries in any respect, nor has such Investor or Exchanging Holder in fact influenced, directed or
caused the direction of the management or policies of the Company or any of its subsidiaries in any respect. The Investor and each Exchanging
Holder has no agreement or other understanding, written or oral, direct or indirect, with the Company, any of its directors, officers
or employees or any other stockholder of the Company with respect to its investment in, or any aspect of the business or management of,
the Company. No contracts or understanding between or among the Company or any stockholders of the Company confer on the Investor or
any Exchanging Holder the power to approve or disapprove any corporate action or to exercise any other similar power with respect to
corporate affairs. To the Investor’s knowledge, no Exchanging Investor acquired any of the Notes, directly or indirectly, from
an Affiliate of the Company.

 

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(m)            Neither
the Investor nor any Exchanging Investor is directly, or indirectly through one or more intermediaries, controlling or controlled by,
or under direct or indirect common control with, the Company.

 

(n)            Each
Exchanging Investor is acquiring the Shares solely for its own beneficial account, for investment purposes, and not with a view to, or
for resale in connection with, any distribution of the Shares. The Investor and each Exchanging Investor understands that the offer and
sale of the Shares have not been registered under the Securities Act or any state securities laws and are being issued without registration
under the Securities Act pursuant to Section 4(a)(2) of the Securities Act, which exemption depends in part upon the investment
intent of the Exchanging Investors and the accuracy of the other representations and warranties made by the Investor or behalf of the
Exchanging Investors in this Agreement. The Investor and the Exchanging Investors understand that the Company is relying upon the representations,
warranties and agreements contained in this Agreement (and any supplemental information provided to the Company by the Investor or the
Exchanging Investors) for the purpose of determining whether this transaction meets the requirements for such exemption(s) and to
issue the Shares without legends as set forth herein.

 

(o)            The
Investor acknowledges that the terms of the Exchange have been mutually negotiated between the Investor and the Company. The Investor
was given a meaningful opportunity to negotiate the terms of the Exchange.

 

(p)            The
Investor acknowledges that it and each Exchanging Investor had a sufficient amount of time to consider whether to participate in the
Exchange and that neither the Company nor the Placement Agent has placed any pressure on the Investor or any Exchanging Investor to respond
to the opportunity to participate in the Exchange. The Investor acknowledges that neither it nor any Exchanging Investor became aware
of the Exchange through any form of general solicitation or advertising within the meaning of Rule 502 under the Securities Act
or otherwise through a “public offering” under Section 4(a)(2) of the Securities Act.

 

(q)            The
Investor acknowledges it and each Exchanging Investor understands that the Company intends to pay the Placement Agent a fee in respect
of the Exchange.

 

(r)            The
Investor will, upon request, execute and deliver, for itself and on behalf of any Exchanging Investor, any additional documents deemed
by the Company and the Trustee or the Transfer Agent to be reasonably necessary to complete the transactions contemplated by this Agreement.

 

(s)            No
later than one (1) business day after the date hereof, the Investor agrees to deliver to the Company settlement instructions substantially
in the form of Exhibit B.2 attached to this Agreement for each of the Exchanging Investors.

 

(t)            The
Investor acknowledges and agrees that it and each Exchanging Investor has not disclosed, and will not disclose, to any third party any
information regarding the Exchange, and has not transacted, and will not transact, in any securities of the Company, including, but not
limited to, any hedging transactions, from the time the Investor was first contacted by the Company or the Placement Agent with respect
to the transactions contemplated by this Agreement until after the confidential information (as described in the confirmatory wall-crossing
email received by the Investor from the Placement Agent) is made public.

 

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(u)            The
Investor and each Exchanging Investor understands that the Company, the Placement Agent and others will rely upon the truth and accuracy
of the foregoing representations, warranties and covenants and agrees that if any of the representations and warranties deemed to have
been made by it or any of the Exchanging Investors are no longer accurate, the Investor shall promptly notify the Company and the Placement
Agent prior to the Closing. The Investor understands that, unless the Investor notifies the Company in writing to the contrary before
the Closing, each of the Investor’s and Exchanging Investors’ representations and warranties contained in this Agreement
will be deemed to have been reaffirmed and confirmed as of the Closing. If the Investor is exchanging any Exchanged Notes and acquiring
the Shares as a fiduciary or agent for one or more accounts (including for purposes of this Section 3(u), the Accounts which
are Exchanging Investors), it represents that (i) it has sole investment discretion with respect to each such account, (ii) it
has full power to make the foregoing representations, warranties and covenants on behalf of such account and (iii) it has contractual
authority with respect to each such account.

 

(v)            The
Investor and each Exchanging Investor acknowledges and the Investor agrees that the Placement Agent has not acted as a financial advisor
or fiduciary to the Investor or any Exchanging Investor and that the Placement Agent and its directors, officers, employees, representatives
and controlling persons have no responsibility for making, and have not made, any independent investigation of the information contained
herein or in the SEC Documents and make no representation or warranty to the Investor or any Exchanging Investor, express or implied,
with respect to the Company, the Exchanged Notes or the Shares or the accuracy, completeness or adequacy of the information provided
to the Investor or any Exchanging Investor or any other publicly available information, nor shall any of the foregoing persons be liable
for any loss or damages of any kind resulting from the use of the information contained therein or otherwise supplied to the Investor
or any Exchanging Investor.

 

(w)            The
Investor and each Exchanging Investor acknowledges and understands that as of the date of this Agreement and at the time of the Closing,
the Company may be in possession of material non-public information not known to the Investor or any Exchanging Investor that may impact
the value of the Notes, including the Exchanged Notes, and the Shares (“Information”) that the Company has not disclosed
to the Investor or any Exchanging Investor. The Investor and each Exchanging Investor acknowledges that they have not relied upon the
non-disclosure of any such Information for purposes of making their decision to participate in the Exchange. The Investor and each Exchanging
Investor understands, based on its experience, the disadvantage to which the Investor and each Exchanging Investor is subject due to
the disparity of information between the Company, on the one hand, and the Investor and each Exchanging Investor, on the other hand.
Notwithstanding this, the Investor and each Exchanging Investor has deemed it appropriate to participate in the Exchange. The Investor
agrees that the Company and its directors, officers, employees, agents, stockholders and affiliates shall have no liability to the Investor
or any Exchanging Investor or their respective beneficiaries whatsoever due to or in connection with the Company’s use or non-disclosure
of the Information or otherwise as a result of the Exchange, and the Investor hereby irrevocably waives any claim that it or any Exchanging
Investor might have based on the failure of the Company to disclose the Information.

 

(x)            The
Investor and each Exchanging Investor understands that no federal, state, local or foreign agency has passed upon the merits or risks
of an investment in the Shares or made any finding or determination concerning the fairness or advisability of this investment.

 

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(y)            The
operations of the Investor and each Exchanging Investor have been conducted in material compliance with the applicable rules and
regulations administered or conducted by the U.S. Department of Treasury Office of Foreign Assets Control (“OFAC”),
the applicable rules and regulations of the Foreign Corrupt Practices Act (“FCPA”) and the applicable Anti-Money
Laundering (“AML”) rules in the Bank Secrecy Act. The Investor has performed due diligence necessary to reasonably
determine that the Exchanging Investors are not named on the lists of denied parties or blocked persons administered by OFAC, resident
in or organized under the laws of a country that is the subject of comprehensive economic sanctions and embargoes administered or conducted
by OFAC (“Sanctions”), are not otherwise the subject of Sanctions and have not been found to be in violation or under
suspicion of violating OFAC, FCPA or AML rules and regulations.

 

(z)            The
Investor acknowledges that the Company may issue appropriate stop-transfer instructions to the Transfer Agent and may make appropriate
notations to the same effect in its books and records to ensure compliance with the provisions of this Section 3.

 

(aa)        The
Investor and each Exchanging Investor is a resident of the jurisdiction set forth on Exhibit B.2 attached to this Agreement.

 

4.            Conditions
to Obligations of the Investor and the Company. The obligations of the Investor and the Exchanging Investors and of the Company under
this Agreement are subject to the satisfaction at or prior to the Closing of the following conditions precedent: (a) the representations
and warranties of the Company contained in Section 2 hereof (with respect to the Investor and Exchanging Investors) and of
the Investor contained in Section 3 hereof (with respect to the Company) shall be true and correct as of the Closing in all
respects with the same effect as though such representations and warranties had been made as of the Closing and (b) no provision
of any applicable law or any judgment, ruling, order, writ, injunction, award or decree of any governmental authority shall be in effect
prohibiting or making illegal the consummation of the transactions contemplated by this Agreement.

 

5.            Waiver,
Amendment. Neither this Agreement nor any provisions hereof or thereof shall be modified, changed or discharged, except by an instrument
in writing, signed by the Company and the Investor.

 

6.            Assignability.
Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof shall be assignable by either
the Company or the Investor without the prior written consent of the other.

 

7.            Waiver
of Jury Trial. EACH OF THE COMPANY AND THE INVESTOR HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY WITH RESPECT
TO ANY LEGAL PROCEEDING ARISING OUT OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

 

8.            Applicable
Law. THE VALIDITY AND INTERPRETATION OF THIS AGREEMENT, AND THE TERMS AND CONDITIONS SET FORTH HEREIN SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED WHOLLY THEREIN. EACH
OF THE COMPANY AND THE INVESTOR HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL COURT SITTING IN THE BOROUGH
OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, AND IRREVOCABLY
ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS.

 

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9.            Service
of Process. Each of the Company and the Investor irrevocably consents to service of process in the manner provided for notices in
Section 12. Nothing in this Agreement will affect the right of the Company or the Investor to serve process in any other
manner permitted by law.

 

10.            Notices.
All notices and other communications to the Company provided for herein shall be in writing and shall be deemed to have been duly given
if delivered personally, sent by prepaid overnight courier (providing written proof of delivery) or sent by confirmed facsimile transmission
or electronic mail and will be deemed given on the date so delivered (or, if such day is not a business day, on the first subsequent
business day) to the following addresses, or in the case of the Investor, the address provided on Exhibit B.2 attached to
this Agreement (or such other address as the Company or the Investor shall have specified by notice in writing to the other):

 

	If to the Company:	Intercept Pharmaceuticals, Inc.

    305 Madison Avenue

    Morristown, NJ 07960

    Attention: Chief Financial Officer

 

11.            Binding
Effect. The provisions of this Agreement shall be binding upon and accrue to the benefit of the Company, the Investor and the Exchanging
Investors and their respective heirs, legal representatives, successors and assigns. This Agreement constitutes the entire agreement
between the Company and the Investor with respect to the subject matters hereof. This Agreement may be executed by one or more of the
parties hereto in any number of separate counterparts (including by facsimile or other electronic means, including telecopy, email or
otherwise), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of
an executed signature page of this Agreement by facsimile or other transmission (e.g., “pdf” or “tif”
format) shall be effective as delivery of a manually executed counterpart hereof.

 

12.            Notification
of Changes. After the date of this Agreement, each of the Company and the Investor hereby covenants and agrees to notify the other
upon the occurrence of any event prior to the Closing of the Exchange pursuant to this Agreement that would cause any representation,
warranty or covenant of the Company or the Investor, as the case may be, contained in this Agreement to be false or incorrect.

 

13.            Reliance
by the Placement Agent. The Placement Agent may rely on each representation and warranty of the Company and the Investor made herein
or pursuant to the terms hereof with the same force and effect as if such representation or warranty were made directly to the Placement
Agent. The Placement Agent shall be a third-party beneficiary of this Agreement to the extent provided in this Section 13.

 

14.            Severability.
If any term or provision of this Agreement (in whole or in part) is invalid, illegal or unenforceable in any jurisdiction, such invalidity,
illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such
term or provision in any other jurisdiction.

 

15.            Survival.
The representations and warranties of the Company and the Investor contained in this Agreement or made by or on behalf of the Exchanging
Investors pursuant to this Agreement shall survive the consummation of the transactions contemplated hereby.

 

16.            Termination.
This Agreement may be terminated and the transactions contemplated hereby abandoned (a) by mutual agreement of the Company and the
Investor in writing or (b) by either the Company or the Investor if the conditions to such party’s obligations set forth herein
have not been satisfied (unless waived by the party entitled to the benefit thereof), and the Closing has not occurred within ten (10) Business
Days immediately following the date of this Agreement without liability of either the Company or the Investor or the Exchanging Investors,
as the case may be; provided that neither the Company nor the Investor shall be released from liability hereunder if this Agreement is
terminated and the transactions abandoned by reason of the failure of the Company or the Investor or any of the Exchanging Investors,
as the case may be to have performed its obligations hereunder. Except as provided above, if this Agreement is terminated and the transactions
contemplated hereby are not concluded as described above, this Agreement will become void and of no further force and effect.

 

    10

     

    

 

17.            Taxation.
The Investor acknowledges that, if an Exchanging Investor is a United States person for U.S. federal income tax purposes, either (i) the
Company must be provided with a correct taxpayer identification number (“TIN,” generally a person’s social security
or federal employer identification number) and certain other information on a properly completed and executed Internal Revenue Service
(“IRS”) Form W-9, or (ii) another basis for exemption from backup withholding must be established. The Investor
further acknowledges that, if an Exchanging Investor is not a United States person for U.S. federal income tax purposes, the Company
must be provided with a properly completed and executed IRS Form W-8BEN, IRS Form W-8BEN-E, IRS Form W-8IMY
(and all required attachments) or other applicable IRS Form W-8, attesting to that non-U.S. Exchanging Investor’s foreign
status and certain other information, including information establishing an exemption from withholding under Sections 1471 through 1474
of the Internal Revenue Code of 1986, as amended (the “Code”). The Investor further acknowledges that any Exchanging
Investor may be subject to 30% U.S. federal withholding or 24% U.S. federal backup withholding on certain payments made to such Exchanging
Investor unless such Exchanging Investor properly establishes an exemption from, or a reduced rate of, such withholding or backup withholding.
See Exhibit C for certain additional information. The Company and its agents shall be entitled to deduct and withhold from
any consideration payable pursuant to this Agreement such amounts as are required to be deducted or withheld under applicable law. To
the extent any such amounts are withheld and remitted to the appropriate taxing authority, such amounts shall be treated for all purposes
as having been paid to the Exchanging Investor to whom such amounts otherwise would have been paid.

 

18.            Section and
Other Headings. The section and other headings contained in Agreement are for reference purposes only and shall not affect the meaning
or interpretation of this Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

    11

     

    

 

	 	Very truly yours,
	 	 
	 	INTERCEPT PHARMACEUTICALS, INC.
	 	 
	 	   
	 	By	     
	 	 	Name:   
	 	 	Title:

 

    12

     

    

 

Please confirm that the foregoing correctly sets forth the agreement
between the Company and the Investor by signing in the space provided below for that purpose.

 

	 	AGREED AND ACCEPTED:
	 	 
	 	 
	 	Investor:
	 	[_____________],
	 	in its capacity as described in the first paragraph hereof
	 	 
	 	By	 
	 	 	Name:
	 	 	Title:

 

    13

     

    

 

EXHIBIT A

 

Exchanging Investor Information

 

	 	 	 	 	Exchange Consideration
	Exchanging Investor	 	Exchanged
    Notes1	 	Cash Payment2	 	Shares3
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

 

1
Insert aggregate principal of Outstanding Notes to be exchanged.

2
To include cash payable (including in respect of principal, accrued interest and fractional shares).

3
To include the number of shares of the Company’s common stock to be issued, if any.

 

    A-1

     

    

 

EXHIBIT B.1

 

Exchange Procedures

 

NOTICE TO INVESTOR

 

These are the Exchange Procedures for the settlement of the exchange
of 3.50% Convertible Senior Secured Notes due 2026, CUSIP 45845P AC2 (the “Exchanged Notes”) of Intercept Pharmaceuticals, Inc.,
a Delaware corporation (the “Company”), for the Shares and Cash Payment to be issued as Exchange Consideration (as
defined in and pursuant to the Exchange Agreement between you and the Company), which is expected to occur on or about August 25,
2022. To ensure timely settlement for the Exchange Consideration, please follow the instructions as set forth below.

 

These instructions supersede any prior instructions you received.
Your failure to comply with these instructions may delay your receipt of the Exchange Consideration.

 

If you have any questions, please contact Yun Xie of J. Wood Capital
Advisors LLC at (917) 727-9869.

 

To deliver Exchanged Notes:

 

You must direct the eligible DTC participant through which you hold
a beneficial interest in the Notes on August 25, 2022, no later than 9:00 a.m., New York City time, to post a withdrawal
request through DTC for the aggregate principal amount of Exchanged Notes set forth on Exhibit A of the Agreement to be exchanged
for Exchange Consideration. It is important that this instruction be submitted and the one-sided DWAC withdrawal (not a deliver vs.
payment or free delivery) is posted on August 25, 2022.

 

To receive Exchange Consideration:

 

		•	To receive the Shares:

 

You must direct the eligible DTC participant on August 25,
2022, no later than 9:00 a.m., New York City time, to post a deposit request through DTC via DWAC for the aggregate number
of Shares to be received as set forth on Exhibit A of the Agreement.

 

VStock Transfer, LLC is the Transfer Agent and Registrar for the Shares.

 

		•	To receive the Cash Payment:

 

You must provide valid wire instructions to the Company.

 

Closing: On August 25, 2022, after the Company
receives your delivery instructions as set forth above and a withdrawal request in respect of the Exchanged Notes has been posted as
specified above, and subject to the satisfaction of the conditions to Closing as set forth in the Exchange Agreement, the Company will
deliver the Exchange Consideration in respect of the Exchanged Notes in accordance with the delivery instructions above.

 

    B.1-1

     

    

 

EXHIBIT B.2

 

	Exchanging Investor:	 	 
	 	 	 
	 	 	 
	 	 	 
	Investor Address:	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Telephone:	 	 	 
	 	 	 
	Country of Residence:	 	 	 
	 	 	 
	Taxpayer Identification Number:	 	 	 
	 	 	 
	Account for Notes:	 	 
	 	 	 
	DTC Participant Number:	 	 	 
	DTC Participant Name:	 	 	 
	DTC Participant Phone Number:	 	 	 
	DTC Participant Contact Email:	 	 	 
	FFC Account #:	 	 	 
	Account # at Bank/Broker:	 	 	 
	 	 	 
	Account for Shares (if different from Notes):	 	 
	 	 	 
	DTC Participant Number:	 	 	 
	DTC Participant Name:	 	 	 
	DTC Participant Phone Number:	 	 	 
	DTC Participant Contact Email:	 	 	 
	FFC Account #:	 	 	 
	Account # at Bank/Broker:	 	 	 
	 	 	 
	Exchanging Investor Address:	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Telephone:	 	 	 
	 	 	 
	Country of Residence:	 	 	 
	Taxpayer Identification Number:	 	 	 
	 	 	 
	Wire Instructions for Cash Payment:	 	 
	 	 	 
	Bank Name:	 	 	 
	ABA #:	 	 	 
	Account Name:	 	 	 
	Account # at Bank:	 	 	 
	FFC Account #:	 	 	 

 

    B.2-1

     

    

 

EXHIBIT C

 

Under U.S. federal income tax law, a holder who exchanges Notes for
Shares or the Cash Payment generally must provide such holder’s correct TIN on a properly completed and executed IRS Form W-9
(available from the Company or at www.irs.gov/pub/irs-pdf/fw9.pdf) or otherwise establish a basis
for exemption from backup withholding. A TIN is generally an individual holder’s social security number or a holder’s employer
identification number. If the correct TIN is not provided, the holder may be subject to a $50 penalty imposed under Section 6723
of the Code. In addition, certain payments made to holders may be subject to U.S. backup withholding (currently set at 24% of the payment).
If a holder is required to provide a TIN but does not have a TIN, the holder should consult its tax advisor regarding how to obtain a
TIN. Certain holders (including corporations and non-U.S. holders) are not subject to these backup withholding and reporting requirements.
U.S. backup withholding is not an additional tax. Rather, the U.S. federal income tax liability of persons subject to backup withholding
will be reduced by the amount of tax withheld. If withholding results in an overpayment of taxes, a refund may be obtained provided that
the required information is timely furnished to the IRS.

 

A non-U.S. holder (i) will be subject to 30% U.S. federal withholding
on certain payments to such holder unless such holder establishes an exemption from, or a reduced rate of, such withholding, and (ii) must
establish its status as an exempt recipient from backup withholding and can do so by submitting a properly completed IRS Form W-8BEN, IRS
Form W-8BEN-E, IRS Form W-8IMY (and all required attachments), or other applicable IRS Form W-8 (available from the
Company or at www.irs.gov), signed, under penalties of perjury, attesting to such holder’s exempt foreign status. This form
also may establish an exemption from withholding under Section 1471 through 1474 of the Code.

 

Holders are urged to consult their tax advisors regarding how to complete
the appropriate forms and to determine whether they are exempt from backup withholding or other withholding taxes.

 

    C-1EX-4.4

 Exhibit 4.4 

SKYWATER TECHNOLOGY, INC. 

TO 
  

 
 Trustee

 FORM OF INDENTURE 

Dated as of                     

 Debt Securities 

 SKYWATER TECHNOLOGY, INC. 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of
                                        

  

			
	 ss.310(a)(1)
	  	609
	 (a)(2)
	  	609
	 (a)(3)
	  	Not Applicable
	 (a)(4)
	  	Not Applicable
	 (a)(5)
	  	609
	 (b)
	  	608, 610
	 (c)
	  	Not Applicable
	 ss.311(a)
	  	613
	 (b)
	  	613
	 ss.312(a)
	  	701, 702(a)
	 (b)
	  	702(b)
	 (c)
	  	702(c)
	 ss.313(a)
	  	703(a)
	 (b)
	  	703(a)
	 (c)
	  	703(a)
	 (d)
	  	703(b)
	 ss.314(a)
	  	704, 1008
	 (b)
	  	Not Applicable
	 (c)(1)
	  	102
	 (c)(2)
	  	102
	 (c)(3)
	  	Not Applicable
	 (d)
	  	Not Applicable
	 (e)
	  	102
	 ss.315(a)
	  	601
	 (b)
	  	602
	 (c)
	  	601
	 (d)
	  	601
	 (e)
	  	514
	 ss.316(a)
	  	101
	 (a)(1)(A)
	  	104(h), 502, 512
	 (a)(1)(B)
	  	104(h), 513
	 (a)(2)
	  	Not Applicable
	 (b)
	  	508
	 (c)
	  	104(h)
	 ss.317(a)(1)
	  	503
	 (a)(2)
	  	504
	 (b)
	  	1003
	 ss.318(a)
	  	107
	 (c)
	  	107

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

  
 i 

 TABLE OF CONTENTS 

 

											
		  				  		  	 	Page	 
	 Article I Definitions and Other Provisions of General Application
	  	 	1	 
	         
	  	 	Section 101.	 	  	Definitions	  	 	1	 
		  	 	Section 102.	 	  	Compliance Certificates and Opinions	  	 	5	 
		  	 	Section 103.	 	  	Form of Documents Delivered to Trustee	  	 	6	 
		  	 	Section 104.	 	  	Acts of Holders	  	 	6	 
		  	 	Section 105.	 	  	Notices, etc., to Trustee and Company	  	 	8	 
		  	 	Section 106.	 	  	Notice to Holders; Waiver	  	 	8	 
		  	 	Section 107.	 	  	Conflict with Trust Indenture Act	  	 	8	 
		  	 	Section 108.	 	  	Effect of Headings and Table of Contents	  	 	8	 
		  	 	Section 109.	 	  	Successors and Assigns	  	 	9	 
		  	 	Section 110.	 	  	Separability Clause	  	 	9	 
		  	 	Section 111.	 	  	Benefits of Indenture	  	 	9	 
		  	 	Section 112.	 	  	Governing Law; Waiver of Jury Trial	  	 	9	 
		  	 	Section 113.	 	  	Legal Holidays	  	 	9	 
		  	 	Section 114.	 	  	Exemption from Individual Liability	  	 	9	 
		  	 	Section 115.	 	  	Counterparts	  	 	9	 
		
	 Article II Debt Security Forms
	  	 	9	 
		  	 	Section 201.	 	  	Forms Generally	  	 	9	 
		  	 	Section 202.	 	  	Form of Trustee’s Certificate of Authentication	  	 	10	 
		  	 	Section 203.	 	  	Debt Securities in Global Form	  	 	10	 
		
	 Article III The Debt Securities
	  	 	10	 
		  	 	Section 301.	 	  	Amount Unlimited; Issuance in Series	  	 	10	 
		  	 	Section 302.	 	  	Denominations	  	 	12	 
		  	 	Section 303.	 	  	Execution, Authentication, Delivery and Dating	  	 	13	 
		  	 	Section 304.	 	  	Temporary Debt Securities	  	 	14	 
		  	 	Section 305.	 	  	Registration; Registration of Transfer and Exchange	  	 	15	 
		  	 	Section 306.	 	  	Mutilated, Destroyed, Lost and Stolen Debt Securities	  	 	17	 
		  	 	Section 307.	 	  	Payment of Interest; Interest Rights Preserved	  	 	18	 
		  	 	Section 308.	 	  	Persons Deemed Owners	  	 	19	 
		  	 	Section 309.	 	  	Cancellation	  	 	19	 
		  	 	Section 310.	 	  	Computation of Interest	  	 	20	 
		  	 	Section 311.	 	  	Certification by a Person Entitled to Delivery of a Bearer Security	  	 	20	 
		  	 	Section 312.	 	  	Judgments	  	 	20	 
		  	 	Section 313.	 	  	CUSIP Numbers	  	 	20	 
		
	 Article IV Satisfaction and Discharge
	  	 	20	 
		  	 	Section 401.	 	  	Satisfaction and Discharge of Indenture	  	 	20	 
		  	 	Section 402.	 	  	Application of Trust Money and Government Obligations	  	 	21	 
		  	 	Section 403.	 	  	Satisfaction, Discharge and Defeasance of Debt Securities of any Series	  	 	22	 
		
	 Article V Remedies
	  	 	23	 
		  	 	Section 501.	 	  	Events of Default	  	 	23	 
		  	 	Section 502.	 	  	Acceleration of Maturity; Rescission and Annulment	  	 	24	 
		  	 	Section 503.	 	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	24	 
		  	 	Section 504.	 	  	Trustee May File Proofs of Claim	  	 	25	 
		  	 	Section 505.	 	  	Trustee May Enforce Claims without Possession of Debt Securities or Coupons	  	 	25	 
		  	 	Section 506.	 	  	Application of Money Collected	  	 	25	 
		  	 	Section 507.	 	  	Limitation on Suits	  	 	26	 
		  	 	Section 508.	 	  	Unconditional Right of Holders to Receive Principal, Premium and Interest	  	 	26	 
		  	 	Section 509.	 	  	Restoration of Rights and Remedies	  	 	26	 
		  	 	Section 510.	 	  	Rights and Remedies Cumulative	  	 	26	 
		  	 	Section 511.	 	  	Delay or Omission Not Waiver	  	 	26	 
		  	 	Section 512.	 	  	Control by Holders of Debt Securities	  	 	27	 
		  	 	Section 513.	 	  	Waiver of Past Defaults	  	 	27	 

  
 ii 

									
		  	Section 514.	  	Undertaking for Costs	  	 	27	 
	         
	  	Section 515.	  	Waiver of Stay or Extension Laws	  	 	27	 
		
	 Article VI The Trustee
	  	 	28	 
		  	Section 601.	  	Certain Duties and Responsibilities	  	 	28	 
		  	Section 602.	  	Notice of Default	  	 	28	 
		  	Section 603.	  	Certain Rights of Trustee	  	 	28	 
		  	Section 604.	  	Not Responsible for Recitals or Issuance of Debt Securities	  	 	29	 
		  	Section 605.	  	May Hold Debt Securities or Coupons	  	 	30	 
		  	Section 606.	  	Money Held in Trust	  	 	30	 
		  	Section 607.	  	Compensation and Reimbursement	  	 	30	 
		  	Section 608.	  	Disqualification; Conflicting Interests	  	 	30	 
		  	Section 609.	  	Corporate Trustee Required; Eligibility	  	 	31	 
		  	Section 610.	  	Resignation and Removal; Appointment of Successor	  	 	31	 
		  	Section 611.	  	Acceptance of Appointment by Successor	  	 	32	 
		  	Section 612.	  	Merger, Conversion, Consolidation or Succession to Business	  	 	33	 
		  	Section 613.	  	Preferential Collection of Claims Against Company	  	 	33	 
		  	Section 614.	  	Authenticating Agent	  	 	33	 
		
	 Article VII Holders’ Lists and Reports By Trustee and Company
	  	 	34	 
		  	Section 701.	  	Company to Furnish Trustee Names and Addresses of Holders	  	 	34	 
		  	Section 702.	  	Preservation of Information; Communications to Holders	  	 	34	 
		  	Section 703.	  	Reports by Trustee	  	 	34	 
		  	Section 704.	  	Reports by Company	  	 	34	 
		
	 Article VIII Consolidation, Merger, Conveyance, Transfer or Lease
	  	 	35	 
		  	Section 801.	  	Company May Consolidate, etc. Only on Certain Terms	  	 	35	 
		  	Section 802.	  	Successor Corporation Substituted	  	 	35	 
		  	Section 803.	  	Conveyance or Transfer to a Wholly-owned Subsidiary	  	 	35	 
		
	 Article IX Supplemental Indentures
	  	 	36	 
		  	Section 901.	  	Supplemental Indentures without Consent of Holders	  	 	36	 
		  	Section 902.	  	Supplemental Indentures with Consent of Holders	  	 	36	 
		  	Section 903.	  	Execution of Supplemental Indentures	  	 	37	 
		  	Section 904.	  	Effect of Supplemental Indentures	  	 	37	 
		  	Section 905.	  	Conformity with Trust Indenture Act	  	 	37	 
		  	Section 906.	  	Reference in Debt Securities to Supplemental Indentures	  	 	37	 
		
	 Article X Covenants
	  	 	38	 
		  	Section 1001.	  	Payment of Principal, Premium and Interest	  	 	38	 
		  	Section 1002.	  	Maintenance of Office or Agency	  	 	38	 
		  	Section 1003.	  	Money for Debt Securities Payments to Be Held in Trust	  	 	38	 
		  	Section 1004.	  	Corporate Existence	  	 	39	 
		  	Section 1005.	  	Maintenance of Properties	  	 	39	 
		  	Section 1006.	  	Payment of Additional Amounts	  	 	40	 
		  	Section 1007.	  	Payment of Taxes	  	 	40	 
		  	Section 1008.	  	Officer’s Certificate as to Compliance	  	 	40	 
		  	Section 1009.	  	Statement by Officers as to Default	  	 	40	 
		  	Section 1010.	  	Waiver of Certain Covenants	  	 	40	 
		  	Section 1011.	  	Calculation of Original Issue Discount	  	 	41	 
		
	 Article XI Redemption of Debt Securities
	  	 	41	 
		  	Section 1101.	  	Applicability of Article	  	 	41	 
		  	Section 1102.	  	Election to Redeem; Notice to Trustee	  	 	41	 
		  	Section 1103.	  	Selection by Trustee of Debt Securities to be Redeemed	  	 	41	 
		  	Section 1104.	  	Notice of Redemption	  	 	41	 
		  	Section 1105.	  	Deposit of Redemption Price	  	 	42	 
		  	Section 1106.	  	Debt Securities Payable on Redemption Date	  	 	42	 
		  	Section 1107.	  	Debt Securities Redeemed in Part	  	 	43	 

  
 iii 

									
	 Article XII Sinking Funds
	  	 	43	 
		  	Section 1201.	  	Applicability of Article	  	 	43	 
		  	Section 1202.	  	Satisfaction of Sinking Fund Payments with Debt Securities	  	 	43	 
		  	Section 1203.	  	Redemption of Debt Securities for Sinking Fund	  	 	43	 
		
	 Article XIII Repayment at the Option of Holders
	  	 	43	 
		  	Section 1301.	  	Applicability of Article	  	 	43	 
		  	Section 1302.	  	Repayment of Debt Securities	  	 	44	 
		  	Section 1303.	  	Exercise of Option; Notice	  	 	44	 
		  	Section 1304.	  	Election of Repayment by Remarketing Entities	  	 	44	 
		  	Section 1305.	  	Securities Payable on the Repayment Date	  	 	44	 
		
	 Article XIV Meetings of Holders of Debt Securities
	  	 	45	 
		  	Section 1401.	  	Purposes for Which Meetings May Be Called	  	 	45	 
		  	Section 1402.	  	Call, Notice and Place of Meetings	  	 	45	 
		  	Section 1403.	  	Persons Entitled to Vote at Meetings	  	 	45	 
		  	Section 1404.	  	Quorum; Action	  	 	45	 
		  	Section 1405.	  	Determination of Voting Rights; Conduct and Adjournment of Meetings	  	 	46	 
		  	Section 1406.	  	Counting Votes and Recording Action of Meetings	  	 	46	 
		
	 Article XV Defeasance
	  	 	46	 
		  	Section 1501.	  	Termination of Company’s Obligations	  	 	46	 
		  	Section 1502.	  	Repayment to Company	  	 	47	 
		  	Section 1503.	  	Indemnity for Government Obligations	  	 	47	 

  
 iv 

 INDENTURE (the “Indenture”) dated as of
                     , between SKYWATER TECHNOLOGY, INC., a Delaware corporation (the “Company”), and
                     , a national banking association, as trustee (the “Trustee”). 

RECITALS OF THE COMPANY 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its debentures,
notes, bonds and other evidences of indebtedness (the “Debt Securities”). 
 All things necessary have been done to make this
Indenture a valid agreement of the Company, in accordance with its terms. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Debt Securities of any series created and issued on or after the date hereof
by the Holders thereof, it is mutually covenanted and agreed, for the benefit of all Holders of such Debt Securities or of any such series, as follows: 

Article I 
 Definitions
and Other Provisions of General Application 
 Section 101. Definitions. 

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

(1) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the
singular; 
 (2) all other terms used herein which are defined in the Trust Indenture Act or by Commission rule or regulation
under the Trust Indenture Act, either directly or by reference therein, as in force at the date as of which this instrument was executed, except as provided in Section 905, have the meanings assigned to them therein; 

(3) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP; and 

(4) the words “herein”, “hereof” and “hereunder” and other words of similar import refer to this
Indenture as a whole and not to any particular Article, Section or other subdivision. 
 Certain terms used principally in Article VI
are defined in that Article. 
 “Act” when used with respect to any Holder has the meaning specified in Section 104. 

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

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

 “Authorized Newspaper” means a newspaper in an official language of the country of publication or in the English language
customarily published on each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in the place in connection with which the term is used or in the financial community of such place. Where successive
publications are required to be made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any Business Day. 

“Bearer Security” means any Debt Security established pursuant to Section 201 which is payable to bearer including, without
limitation, unless the context otherwise indicates, a Debt Security in global bearer form. 
 “Board of Directors” or
“Board” means either the board of directors of the Company, or the executive or any other committee of that board duly authorized to act in respect hereof. 

 “Board Resolution” means a copy of a resolution certified by the Secretary or an
Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. Where any provision of this Indenture refers to action to be
taken pursuant to a Board Resolution (including the establishment of any series of the Debt Securities and the forms and terms thereof), such action may be taken by any committee of the Board of the Company or any officer or employee of the Company
authorized to take such action by a Board Resolution. 
 “Business Day”, when used with respect to any Place of Payment, means any
day which is not a Saturday or Sunday and which is not a legal holiday or a day on which banking institutions or trust companies in that Place of Payment are authorized or obligated by law or executive order to close. 

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

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

“Company Request” and “Company Order” mean, respectively, except as otherwise provided in this Indenture, a written
request or order signed in the name of the Company by the Chairman of the Board, a Vice Chairman of the Board, the President, a Vice President (any references to a Vice President of the Company herein shall be deemed to include any Vice President of
the Company whether or not designated by a number or word or words added before or after the title “Vice President”), the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary or an Assistant Secretary
of the Company or by another officer of the Company duly authorized to sign by a Board Resolution, and delivered to the Trustee. 

“Corporate Trust Office” means the principal office of the Trustee at which at any particular time its corporate trust business
shall be administered, which office at the date of original execution of this Indenture is located at             , or such other address as the Trustee may designate from time to time by
notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company). 

The term “corporation” includes corporations, associations, companies and business trusts. 

The term “coupon” means any interest coupon appertaining to a Bearer Security. 

“Debt” means notes, bonds, debentures or other similar evidences of indebtedness for money borrowed. 

“Debt Securities” has the meaning stated in the first recital of this Indenture and more particularly means any Debt Securities
authenticated and delivered under this Indenture. 
 “Defaulted Interest” has the meaning specified in Section 307. 

“Depositary” means, with respect to the Debt Securities of any series issuable or issued in the form of a Global Security, the
Person designated as Depositary by the Company pursuant to Section 301 until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include each
person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Debt Securities of any such series shall mean the Depositary with respect to the Debt Securities of
that series. 
 “Designated Currency” has the meaning specified in Section 312. 

“Dollar” or “$” means the coin or currency of the United States of America as at the time of payment is legal tender for
the payment of public and private debts. 
 “Euro” means the single currency of the European Monetary Union as defined under EC
Regulation 1103/97 adopted under Article 235 of the EU Treaty and under EC Regulation 974/98 adopted under Article 109l(4) of the EU Treaty or under any successor European legislation from time to time. 

“European Communities” means the European Economic Community, the European Coal and Steel Community and the European Atomic Energy
Community. 
 “Event of Default” has the meaning specified in Section 501. 

“Exchange Rate” shall have the meaning specified as contemplated in Section 301. 

  
 2 

 “Exchange Rate Agent” shall have the meaning specified as contemplated in
Section 301. 
 “Exchange Rate Officer’s Certificate”, with respect to any date for the payment of principal of (and
premium, if any) and interest on any series of Debt Securities, means a certificate setting forth the applicable Exchange Rate and the amounts payable in Dollars and Foreign Currencies in respect of the principal of (and premium, if any) and
interest on Debt Securities denominated in Euro, any other composite currency or Foreign Currency, and signed by the Chairman of the Board, a Vice Chairman of the Board, the President, a Vice President, the Treasurer, an Assistant Treasurer or the
Controller of the Company or the Exchange Rate Agent appointed pursuant to Section 301, and delivered to the Trustee. 
 “Foreign
Currency” means a currency issued by the government of any country other than the United States of America. 
 “GAAP” means,
as of the date of any determination with respect thereto, generally accepted accounting principles as used by the Financial Accounting Standards Board and/or the American Institute of Certified Public Accountants, consistently applied and maintained
throughout the periods indicated. 
 “Global Exchange Agent” has the meaning specified in Section 304. 

“Global Exchange Date” has the meaning specified in Section 304. 

“Global Security” means a Debt Security issued to evidence all or part of a series of Debt Securities in accordance with
Section 303. 
 “Government Obligations” means, in respect of any series of Debt Securities, securities of (i) the
government which issued the currency in which Debt Securities of such series are denominated and/or in which interest is payable on the Debt Securities of such series or (ii) government agencies backed by the full faith and credit of such
government. 
 “Holder”, with respect to a Registered Security, means a Person in whose name such Registered Security is
registered in the Security Register and, with respect to a Bearer Security or a coupon, means the bearer thereof. 
 “Indenture”
means this instrument as originally executed or as it may from time to time be supplemented, amended or restated by or pursuant to one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and, unless the
context otherwise requires, shall include the terms of a particular series of Debt Securities established as contemplated by Section 301. 

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

 “Mortgage” means and includes any mortgage, pledge, lien, security interest, conditional sale or other title retention
agreement or other similar encumbrance. 
 “Officers’ Certificate” means a certificate signed by the Chairman of the Board, a
Vice Chairman of the Board, the President or a Vice President, and by the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary or an Assistant Secretary of the Company, and delivered to the Trustee. 

“Opinion of Counsel” means a written opinion of counsel, who may (except as otherwise expressly provided in this Indenture) be an
employee of or counsel for the Company, or who may be other counsel, which is delivered to the Trustee. 
 “Original Issue Discount
Security” means any Debt Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502. 

“Outstanding”, when used with respect to Debt Securities means, as of the date of determination, all Debt Securities theretofore
authenticated and delivered under this Indenture, except: 
 (i) Debt Securities theretofore cancelled by the Trustee or
delivered to the Trustee for cancellation; 

  
 3 

 (ii) Debt Securities or portions thereof for whose payment or redemption
money or Government Obligations in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own
Paying Agent) for the Holders of such Debt Securities and any coupons appertaining thereto; provided, however, that if such Debt Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision
therefor satisfactory to the Trustee has been made; and 
 (iii) Debt Securities in exchange for or in lieu of which other
Debt Securities have been authenticated and delivered, or which have been paid, pursuant to this Indenture; provided, however, that in determining whether the Holders of the requisite principal amount of Debt Securities Outstanding have given any
request, demand, authorization, direction, notice, consent or waiver hereunder, Debt Securities owned by the Company or any other obligor upon the Debt Securities or any Affiliate of the Company or of such other obligor shall be disregarded and
deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon such request, demand, authorization, direction, notice, consent or waiver, only Debt Securities which a Responsible Officer of the
Trustee actually knows to be so owned shall be so disregarded. Debt Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to
act with respect to such Debt Securities and that the pledgee is not the Company or any other obligor upon the Debt Securities or any Affiliate of the Company or of such other obligor. 

“Paying Agent” means any Person authorized by the Company to pay the principal of (and premium, if any) or interest on any Debt
Securities on behalf of the Company. 
 “Person” means any individual, corporation, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of
Payment”, when used with respect to the Debt Securities of any series means any place where the principal of (and premium, if any) and interest on the Debt Securities of that series are payable as specified as contemplated by Section 301.

 “Predecessor Security” of any particular Debt Security means every previous Debt Security evidencing all or a portion of the
same debt as that evidenced by such particular Debt Security; and, for the purposes of this definition, any Debt Security authenticated and delivered under Section 306 in lieu of a lost, destroyed or stolen Debt Security shall be deemed to
evidence the same debt as the lost, destroyed or stolen Debt Security. 
 “Preferred Stock”, as applied to the capital stock of
any corporation, means stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets on any voluntary or involuntary liquidation or dissolution of such corporation, over
shares of stock of any other class of such corporation. 
 “Redemption Date”, when used with respect to any Debt Security to be
redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 
 “Redemption Price”, when used with respect
to any Debt Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 
 “Registered
Security” means any Debt Security in the form of Registered Securities established pursuant to Section 201 which is registered in the Security Register. 

“Regular Record Date” for the interest payable on any Interest Payment Date on the Registered Securities of any series means the
date specified for that purpose as contemplated by Section 301. 
 “Remarketing Entity”, when used with respect to Debt
Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity, means any person designated by the Company to purchase any such Debt Securities. 

“Repayment Date”, when used with respect to any Debt Security to be repaid upon exercise of an option for repayment by the Holder,
means the date fixed for such repayment pursuant to this Indenture. 
 “Repayment Price”, when used with respect to any Debt
Security to be repaid upon exercise of an option for repayment by the Holder, means the price at which it is to be repaid pursuant to this Indenture. 

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

  
 4 

 “Security Register” and “Security Registrar” have the respective
meanings specified in Section 305. 
 “Special Record Date” for the payment of any Defaulted Interest means a date fixed by
the Trustee pursuant to Section 307. 
 “Stated Maturity”, when used with respect to any Debt Security or any installment of
interest thereon, means the date specified in such Debt Security or a coupon representing such installment of interest as the fixed date on which the principal of such Debt Security or such installment is due and payable. 

“Subsidiary” means any corporation more than 50% of the outstanding shares of Voting Stock, except for directors’ qualifying
shares, of which shall at the time be owned, directly or indirectly, by the Company or by one or more of the Subsidiaries, or by the Company and one or more other Subsidiaries. 

“Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed, except
as provided in Section 905. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this
instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is
more than one such Person, “Trustee” as used with respect to the Debt Securities of any series shall mean the Trustee with respect to Debt Securities of that series. 

“United States” means the United States of America (including the District of Columbia) and its possessions. 

“United States Alien” means any Person who, for United States Federal income tax purposes, is a foreign corporation, a non-resident
alien individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one or more of the members of which is, for United States Federal income tax purposes, a foreign corporation, a non-resident alien individual or
a non-resident alien fiduciary of a foreign estate or trust. 
 “Voting Stock”, as applied to the stock (or the equivalent
thereof) of any corporation, means stock (or the equivalent thereof) of any class or classes, however designated, entitled in the ordinary course to vote in an election of directors of such corporation, other than stock (or such equivalent) having
such power only by reason of the happening of a contingency. 
 “Wholly-owned Subsidiary” means any Subsidiary all the outstanding
capital stock of which, other than directors’ qualifying shares, is owned by the Company and its other Wholly-owned Subsidiaries. 

Section 102. Compliance Certificates and Opinions. 

Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall
furnish to the Trustee, if so requested by the Trustee, an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel
stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any
provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 

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

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

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

  
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 Section 103. Form of Documents Delivered to Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any
certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know,
that the certificate or opinion or representations with respect to the matters upon which his or her certificate or opinion is based is erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters,
upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of
reasonable care should know, that the certificate or opinions or representations with respect to such matters is erroneous. 
 Where any
Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Section 104. Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be
given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. If Debt Securities of a series are issuable in whole or
in part as Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may, alternatively, be embodied in and evidenced by the record of Holders
of Debt Securities voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders of Debt Securities duly called and held in accordance with the provisions of Article XIV, or a combination of such
instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee, and, where it is hereby expressly required, to the
Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments and so voting at any
such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or the holding by any Person of a Debt Security, shall be sufficient for any purpose of this Indenture and (subject to Section 601) conclusive in
favor of the Trustee and the Company, if made in the manner provided in this Section. The record of any meeting of Holders of Debt Securities shall be proved in the manner provided in Section 1406. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved in any manner which the
Trustee deems sufficient. 
 (c) The ownership of Registered Securities shall be proved by the Security Register. 

(d) The principal amount and serial numbers of Bearer Securities held by any Person, and the date of holding the same, may be
proved by the production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or other depositary, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing
that at the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer Securities in the amount and with the serial numbers therein described; or such facts may be proved by the certificate or affidavit of
the Person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such ownership of any Bearer Security continues until (1) another certificate
or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some other person, or (3) such Bearer Security is surrendered in exchange for a
Registered Security, or (4) such Bearer Security is no longer Outstanding. 
 (e) The fact and date of execution of any
such instrument or writing, the authority of the Person executing the same and the principal amount and serial numbers of Bearer Securities held by the Person so executing such instrument or writing and the date of holding the same may also be
proved in any other manner which the Trustee deems sufficient; and the Trustee may in any instance require further proof with respect to any of the matters referred to in this Section. 

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

  
 6 

 (g) For purposes of determining the principal amount of Outstanding Debt
Securities of any series the Holders of which are required, requested or permitted to give any request, demand, authorization, direction, notice, consent, waiver or take any other Act under this Indenture, (i) each Original Issue Discount
Security shall be deemed to have the principal amount determined by the Trustee that could be declared to be due and payable pursuant to the terms of such Original Issue Discount Security as of the date there is delivered to the Trustee and, where
it is hereby expressly required, to the Company, such Act by Holders of the required aggregate principal amount of the Outstanding Debt Securities of such series and (ii) each Debt Security denominated in a Foreign Currency or composite
currency shall be deemed to have the principal amount determined by the Exchange Rate Agent by converting the principal amount of such Debt Security in the currency in which such Debt Security is denominated into Dollars at the Exchange Rate as of
the date such Act is delivered to the Trustee and, where it is hereby expressly required, to the Company, by Holders of the required aggregate principal amount of the Outstanding Debt Securities of such series. 

(h) The Company may set any day as a record date for the purpose of determining the Holders of Outstanding Debt Securities of
any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders of Debt Securities of such series,
provided that the Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction referred to in the next paragraph. If any record
date is set pursuant to this paragraph, the Holders of Outstanding Debt Securities of the relevant series on such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders after such
record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date (as defined below) by Holders of the requisite principal amount of Outstanding Debt Securities of such series on such
record date. Nothing in this paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall
automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Debt Securities of the
relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration
Date to be given to the Trustee in writing and to each Holder of Debt Securities of the relevant series in the manner set forth in Section 106. 

The Trustee may set any day as a record date for the purpose of determining the Holders of Outstanding Debt Securities of any series entitled
to join in the giving or making of (i) any notice of an Event of Default, (ii) any declaration of acceleration referred to in Section 502, (iii) any request to institute proceedings referred to in Section 507(2), or
(iv) any direction referred to in Section 512, in each case with respect to Debt Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding Debt Securities of such series on such record
date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or
prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Debt Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record
date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this
paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Debt Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant
to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company in writing and to each Holder of Debt Securities of
the relevant series in the manner set forth in Section 106. 
 With respect to any record date set pursuant to this Section, the party
hereto which sets such record dates may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the
proposed new Expiration Date is given to the other party hereto in writing, and to each Holder of Debt Securities of the relevant series in the manner set forth in Section 106, on or prior to the existing Expiration Date. If an Expiration Date
is not designated with respect to any record date set pursuant to this Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect
thereto, subject to its right to change the Expiration Date as provided in this paragraph. 

  
 7 

 Section 105. Notices, etc., to Trustee and Company. 

Any request, demand, authorization, direction, notice, consent, waiver or other Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, 
 (1) the Trustee by any Holder or by the Company shall be
sufficient for every purpose hereunder (unless otherwise herein expressly provided), if made, given, furnished or filed in writing (which may be via original or facsimile, with original to follow promptly thereafter) to or with the Trustee at its
Corporate Trust Office, or 
 (2) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder
(unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to the attention of its Secretary at the address of its principal office specified in the first paragraph of this instrument
or at any other address previously furnished in writing to the Trustee by the Company. 
 Section 106. Notice to Holders;
Waiver. 
 Except as otherwise expressly provided herein, where this Indenture provides for notice to Holders of any event,
(1) such notice shall be sufficiently given to Holders of Registered Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Registered Security affected by such event, at such Holder’s address as it appears
in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice; and (2) such notice shall be sufficiently given to Holders of Bearer Securities by publication thereof
in an Authorized Newspaper in The City of New York and, if the Debt Securities of such series are then listed on The International Stock Exchange of the United Kingdom and the Republic of Ireland and such stock exchange shall so require, in London,
and, if the Debt Securities of such series are then listed on the Luxembourg Stock Exchange and such stock exchange shall so require, in Luxembourg and, if the Debt Securities of such series are then listed on any other stock exchange outside the
United States and such stock exchange shall so require, in any other required city outside the United States or, if not practicable, in Europe on a Business Day at least twice, the first such publication to be not later than the latest date and not
earlier than the earliest date prescribed for the giving of such notice. 
 In case, by reason of the suspension of or irregularities in
regular mail service or for any other reason, it shall be impossible or impracticable to mail notice of any event to Holders of Registered Securities when said notice is required to be given pursuant to any provision of this Indenture or of the Debt
Securities, then any manner of giving such notice as shall be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice. In any case where notice to Holders of Registered Securities is to be given by mail, neither the
failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or the sufficiency of any
notice by publication to Holders of Bearer Securities given as provided above. 
 In case, by reason of the suspension of publication of any
Authorized Newspaper, or by reason of any other cause, it shall be impossible or impracticable to make publication of any notice to Holders of Bearer Securities as provided above, then such method of publication or notification as shall be made with
the approval of the Trustee shall constitute a sufficient publication of such notice. Neither failure to give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any notice so published, shall affect the
sufficiency of any notice mailed to Holders of Registered Securities as provided above. 
 Where this Indenture provides for notice in any
manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but
such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
 Any request, demand,
authorization, direction, notice, consent, election, waiver or other Act required or permitted under this Indenture shall be in the English language, except that any published notice may be in an official language of the country of publication. 

Section 107. Conflict with Trust Indenture Act. 

If any provision hereof limits, qualifies or conflicts with another provision hereof which is required to be included in this Indenture by any
of the provisions of the Trust Indenture Act, such required provision shall control. 
 Section 108. Effect of Headings and Table of
Contents. 
 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the
construction hereof. 

  
 8 

 Section 109. Successors and Assigns. 

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

Section 110. Separability Clause. 

In case any provision in this Indenture or in the Debt Securities or any coupons shall be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 111.
Benefits of Indenture. 
 Nothing in this Indenture or in the Debt Securities or any coupons, express or implied, shall give to any
Person, other than the parties hereto and their successors hereunder, any Paying Agent and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 112. Governing Law; Waiver of Jury Trial. 

This Indenture and the Debt Securities and any coupons shall be governed by and construed in accordance with the laws of the State of New
York. Each of the Company and the Trustee hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Indenture, the Debt Securities or
the transaction contemplated hereby. 
 Section 113. Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date, Repayment Date or Stated Maturity of any Debt Security shall not be a Business
Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Debt Securities or any coupons) payment of interest or principal (and premium, if any) need not be made at such Place of Payment on such date, but may
be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date, Redemption Date, Repayment Date or at the Stated Maturity, and no interest shall accrue on the amount so
payable for the period from and after such Interest Payment Date, Redemption Date, Repayment Date or Stated Maturity, as the case may be. 

Section 114. Exemption from Individual Liability. 

No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Debt Security or any coupon, or for any claim
based thereon or otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company, whether
by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations of the
Company, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors, as such, of the Company or of any successor corporation, or any of them, because of the
creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Debt Securities or any coupon or implied therefrom; and that any and all such personal
liability, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, stockholder, officer or director, as such, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Debt Securities or any coupon or implied therefrom, are hereby expressly waived and released as a condition of, and as a
consideration for, the execution of this Indenture and the issue of such Debt Securities. 
 Section 115. Counterparts. 

This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same Indenture. 
 Article II 

Debt Security Forms 
 Section 201.
Forms Generally. 
 The Registered Securities, if any, and the Bearer Securities and related coupons, if any, of each series shall be
in substantially the form (including temporary or permanent global form) as shall be established in or pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions,
substitutions and other variations as are 

  
 9 

 
required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon, as may be required to comply with the
rules of any securities exchange, or as may, consistently herewith, be determined by the officers executing such Debt Securities or coupons, as evidenced by their signatures on the Debt Securities or coupons. If the form of Debt Securities of any
series or coupons (including any such Global Security) is established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and
delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 303 for the authentication and delivery of such Debt Securities or coupons. 

Unless otherwise specified as contemplated by Section 301, Debt Securities in bearer form other than Debt Securities in temporary or
permanent global form shall have coupons attached. 
 The definitive Debt Securities and coupons, if any, shall be printed, lithographed or
engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers executing such Debt Securities, as evidenced by the execution of such Debt Securities and coupons. 

Section 202. Form of Trustee’s Certificate of Authentication. 

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

 

									
	 	 	 	 	            	 	 	 	                                   
 , as Trustee
					
	 Dated:
	 	 	 		 	By	 	 
		 		 		 		 	Authorized Signatory

 Section 203. Debt Securities in Global Form. 

If Debt Securities of a series are issuable in whole or in part in global form, as specified as contemplated by Section 301, then,
notwithstanding clause (10) of Section 301 and the provisions of Section 302, such Global Security shall represent such of the outstanding Debt Securities of such series as shall be specified therein and may provide that it shall
represent the aggregate amount of Outstanding Debt Securities from time to time endorsed thereon and that the aggregate amount of Outstanding Debt Securities represented thereby may from time to time be reduced to reflect exchanges. Any endorsement
of a Global Security to reflect the amount, or any increase or decrease in the amount, of Outstanding Debt Securities represented thereby shall be made in such manner and upon instructions given by such Person or Persons as shall be specified
therein or in the Company Order to be delivered to the Trustee pursuant to Section 303 or Section 304. 
 The provisions of the
last sentence of Section 303(g) shall apply to any Debt Securities represented by a Debt Security in global form if such Debt Security was never issued and sold by the Company and the Company delivers to the Trustee the Debt Security in global
form together with written instructions (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) with respect to the reduction in the principal amount of Debt Securities represented thereby, together with
the written statement contemplated by the last sentence of Section 303(g). 
 Global Securities may be issued in either registered or
bearer form and in permanent form or, in the case of Bearer Securities, either temporary or permanent form. 
 Article III 

The Debt Securities 

Section 301. Amount Unlimited; Issuance in Series. 

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

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

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

  
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 (2) the limit, if any, upon the aggregate principal amount of the Debt
Securities of the series which may be authenticated and delivered under this Indenture (except for Debt Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Debt Securities of the series
pursuant to Section 304, 305, 306, 906, 1107 or 1303 and except for any Debt Securities which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder); 

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

(4) the rate or rates, if any, at which the Debt Securities of the series shall bear interest, or the method or methods by
which such rate or rates may be determined, the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest shall be payable, the Regular Record Date for the interest payable on any Registered Security on
any Interest Payment Date and the circumstances, if any, in which the Company may defer interest payments; 
 (5) the place
or places where, subject to the provisions of Section 1002, the principal of (and premium, if any) and interest on Debt Securities of the series shall be payable, any Registered Securities of the series may be surrendered for registration of
transfer, Debt Securities of the series may be surrendered for exchange and notices and demands to or upon the Company in respect of the Debt Securities of the series and this Indenture may be served and where notices to Holders pursuant to
Section 106 will be published; 
 (6) if applicable, the period or periods within which or the date or dates on which,
the price or prices at which and the terms and conditions upon which Debt Securities of the series may be redeemed, in whole or in part, at the option of the Company; 

(7) the obligation, if any, of the Company to redeem, repay or purchase Debt Securities of the series pursuant to any sinking
fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Debt Securities of the series shall be redeemed, repaid or purchased, in
whole or in part, pursuant to such obligation; 
 (8) whether Debt Securities of the series are to be issuable as Registered
Securities, Bearer Securities or both, whether Debt Securities of the series are to be issuable with or without coupons or both and, in the case of Bearer Securities, the date as of which such Bearer Securities shall be dated if other than the date
of original issuance of the first Debt Security of such series of like tenor and term to be issued; 
 (9) whether the Debt
Securities of the series shall be issued in whole or in part in the form of a Global Security or Securities and, in such case, the Depositary and Global Exchange Agent for such Global Security or Securities, whether such global form shall be
permanent or temporary and, if applicable, the Global Exchange Date; 
 (10) if Debt Securities of the series are to be
issuable initially in the form of a temporary Global Security, the circumstances under which the temporary Global Security can be exchanged for definitive Debt Securities and whether the definitive Debt Securities will be Registered and/or Bearer
Securities and will be in global form and whether interest in respect of any portion of such Global Security payable in respect of an Interest Payment Date prior to the Global Exchange Date shall be paid to any clearing organization with respect to
a portion of such Global Security held for its account and, in such event, the terms and conditions (including any certification requirements) upon which any such interest payment received by a clearing organization will be credited to the Persons
entitled to interest payable on such Interest Payment Date if other than as provided in this Article III; 
 (11)
whether, and under what conditions, additional amounts will be payable to Holders of Debt Securities of the series pursuant to Section 1006; 

(12) the denominations in which any Registered Securities of the series shall be issuable, if other than denominations of
$1,000 and any integral multiple thereof, and the denominations in which any Bearer Securities of such series shall be issuable, if other than the denomination of $5,000; 

(13) if other than the principal amount thereof, the portion of the principal amount of Debt Securities of the series which
shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502; 
 (14) the currency
or currencies of denomination of the Debt Securities of any series, which may be in Dollars, any Foreign Currency or any composite currency, including but not limited to the Euro, and, if any such currency of denomination is a composite currency
other than the Euro, the agency or organization, if any, responsible for overseeing such composite currency; 

  
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 (15) the currency or currencies in which payment of the principal of (and
premium, if any) and interest on the Debt Securities will be made, any other currency or currencies in which payment of the principal of (and premium, if any) or the interest on Registered Securities, at the election of each of the Holders thereof,
may also be payable and the periods within which and the terms and conditions upon which such election is to be made, and the Exchange Rate and Exchange Rate Agent; 

(16) if the amount of payments of principal of (and premium, if any) or interest on the Debt Securities of the series may be
determined with reference to an index, the manner in which such amounts shall be determined; 
 (17) if payments of principal
of (and premium, if any) or interest on the Debt Securities of the series are to be made in a Foreign Currency other than the currency in which such Debt Securities are denominated, the manner in which the Exchange Rate with respect to such payments
shall be determined; 
 (18) any Events of Default with respect to Debt Securities of such series, if not set forth herein
and any Events of Default set forth herein that shall not apply to the Debt Securities of such series; 
 (19) any other
covenant or warranty included for the benefit of the Debt Securities of the series in addition to (and not inconsistent with) those set forth herein for the benefit of Debt Securities of all series, or any other covenant or warranty included for the
benefit of Debt Securities of the series in lieu of any covenant or warranty set forth herein for the benefit of Debt Securities of all series, or any provision that any covenant or warranty set forth herein for the benefit of Debt Securities of all
series shall not be for the benefit of Debt Securities of such series, or any combination of such covenants, warranties or provisions and whether the provisions of Section 1009 will not apply to such covenants and warranties; 

(20) the terms and conditions, if any, pursuant to which the Company’s obligations under this Indenture may be terminated
through the deposit of money or Government Obligations as provided in Articles IV and XV; 
 (21) the Person or Persons who
shall be Security Registrar for the Debt Securities of such series if other than the Trustee, and the place or places where the Security Register for such series shall be maintained and the Person or Persons who will be the initial Paying Agent or
Agents, if other than the Trustee; 
 (22) if the Debt Securities of the series are convertible or exchangeable for any
securities of any Person (including the Company), the terms and conditions upon which such Debt Securities will be convertible or exchangeable; 

(23) whether or not the Debt Securities of the series will be subordinated in right of payment to senior indebtedness and the
terms of any such subordination; and 
 (24) any other terms of the series (which terms shall not be inconsistent with the
provisions of this Indenture). 
 All Debt Securities of any one series and the coupons appertaining to Bearer Securities of such series, if
any, shall be substantially identical except, in the case of Registered Securities, as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution and set forth in such Officers’ Certificate or in any such
indenture supplemental hereto. 
 Debt Securities of any particular series may be issued at various times, with different dates on which the
principal or any installment of principal is payable, with different rates of interest, if any, or different methods by which rates of interest may be determined, with different dates on which such interest may be payable and with different
Redemption or Repayment Dates and may be denominated in different currencies or payable in different currencies. 
 If any of the terms of a
series of Debt Securities are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or
prior to the delivery of the Officers’ Certificate setting forth the terms of the series. 
 Section 302. Denominations.

 Debt Securities of each series shall be issuable in such form and denominations as shall be specified in the form of Debt Security for
such series approved or established pursuant to Section 201 or in the Officers’ Certificate delivered pursuant to Section 301. In the absence of any specification with respect to the Debt Securities of any series, the Registered
Securities of such series, if any, shall be issuable in denominations of $1,000 and any integral multiple thereof and the Bearer Securities of such series, if any, shall be issuable in the denominations of $5,000. 

  
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 Section 303. Execution, Authentication, Delivery and Dating. 

(a) The Debt Securities shall be executed on behalf of the Company by its Chairman of the Board, a Vice Chairman of the Board,
the President, a Vice President, the Treasurer or one of its Assistant Treasurers and by its Secretary or one of its Assistant Secretaries. The signature of any of these officers on the Debt Securities may be manual or facsimile. Coupons shall bear
the facsimile signature of an authorized officer of the Company. 
 Debt Securities and coupons bearing the manual or
facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of
such Debt Securities or coupons of any series or did not hold such offices at the date of such Debt Securities or coupons. 

(b) At any time and from time to time after the execution and delivery of this Indenture, Debt Securities of any series may be
executed by the Company and delivered to the Trustee for authentication, and, except as otherwise provided in this Article III, shall thereupon be authenticated and delivered by the Trustee upon Company Order, without any further action by the
Company; provided, however, that, in connection with its original issuance, a Bearer Security may be delivered only outside the United States and, except in the case of a temporary Global Security, only if the Company or its agent shall have
received the certification required pursuant to Sections 304(b)(iii) and (iv), unless such certification shall have been provided earlier pursuant to Section 304(b)(v) hereof, and only if the Company has no reason to know that such
certification is false. 
 To the extent authorized in or pursuant to a Board Resolution and set forth in an Officers’
Certificate, or established in one or more indentures supplemental hereto, such written Company Order may be given by any one officer or employee of the Company, may be electronically transmitted, and may provide instructions as to registration of
holders, principal amounts, rates of interest, maturity dates and other matters contemplated by such Board Resolution and Officers’ Certificate or supplemental indenture to be so instructed in respect thereof. Before authorizing and delivering
the first Debt Securities of any series (and upon request of the Trustee thereafter), the Company shall deliver to the Trustee (i) the certificates called for under Sections 201 and 301 hereof and (ii) an Opinion of Counsel described in
the next sentence. 
 In authenticating such Debt Securities, and accepting the additional responsibilities under this
Indenture in relation to any such Debt Securities, the Trustee shall be entitled to receive, prior to the initial authentication of such Debt Securities, and (subject to Section 601) shall be fully protected in relying upon: 

(i) a Board Resolution relating thereto and, if applicable, an appropriate record of any action taken pursuant to such
resolution certified by the Secretary or an Assistant Secretary of the Company; 
 (ii) an executed supplemental indenture,
if any, relating thereto; 
 (iii) an Officers’ Certificate setting forth the form and terms of the Debt Securities of
such series and coupons, if any, pursuant to Sections 201 and 301 and stating that all conditions precedent provided for in this Indenture relating to the issuance of such Debt Securities have been complied with; and 

(iv) an Opinion of Counsel stating 

(A) that the form of such Debt Securities and coupons, if any, has been established in or pursuant to a Board Resolution or by
a supplemental indenture as permitted by Section 201 in conformity with the provisions of this Indenture; 
 (B) that
the terms of such Debt Securities and coupons, if any, have been established in or pursuant to a Board Resolution or by a supplemental indenture as permitted by Section 301 in conformity with the provisions of this Indenture; and 

(C) that such Debt Securities and coupons, if any, when authenticated and delivered by the Trustee and issued by the Company
in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, subject, as to enforcement of remedies, to applicable
bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally and the application of general principles of equity and except further as enforcement thereof may be limited by (i) requirements that a
claim with respect to any Debt Securities denominated other than in Dollars (or a Foreign Currency or currency unit judgment in respect of such claim) be converted into Dollars at a rate of exchange prevailing on a date determined pursuant to
applicable law or (ii) governmental authority to limit, delay or prohibit the making of payments in Foreign Currencies or currency units or payments outside the United States. 

  
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 (c) If the Company shall establish pursuant to Section 301 that the
Debt Securities of a series are to be issued in whole or in part in the form of one or more Global Securities, then the Company shall execute and the Trustee shall, in accordance with this Section and the Company Order with respect to such series,
authenticate and deliver one or more Global Securities in permanent or temporary form that (i) shall represent and shall be denominated in an aggregate amount equal to the aggregate principal amount of the Outstanding Debt Securities of such
series to be represented by one or more Global Securities, (ii) shall be registered in the name of the Depositary for such Global Security or Securities or the nominee of such Depositary and (iii) shall be delivered by the Trustee to such
Depositary or pursuant to such Depositary’s instructions. 
 (d) The Trustee shall have the right to decline to
authenticate and deliver any Debt Securities under this Section 303 if the issuance of such Debt Securities will adversely affect the Trustee’s own rights, duties or immunities under the Debt Securities and this Indenture or otherwise in a
manner which is not reasonably acceptable to the Trustee. 
 (e) If all the Debt Securities of any series are not to be
issued at onetime, it shall not be necessary to deliver an Opinion of Counsel at the time of issuance of each Debt Security, but such Opinion of Counsel, with appropriate modifications, may instead be delivered at or prior to the time of the first
issuance of Debt Securities of such series. 
 (f) Each Registered Security shall be dated the date of its authentication.
Each Bearer Security shall be dated as of the date specified as contemplated by Section 301. 
 (g) No Debt Security or
coupon attached thereto shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such Debt Security a certificate of authentication substantially in the form provided for herein
executed by the Trustee, and such certificate upon any Debt Security shall be conclusive evidence, and the only evidence, that such Debt Security has been duly authenticated and delivered hereunder. Except as permitted by Section 306, the
Trustee shall not authenticate and deliver any Bearer Security unless all appurtenant coupons for interest then matured have been detached and cancelled. Notwithstanding the foregoing, if any Debt Security or portion thereof shall have been duly
authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Debt Security to the Trustee for cancellation as provided in Section 309 together with a written statement (which need not comply
with Section 102 and need not be accompanied by an Opinion of Counsel) stating that such Debt Security or portion thereof has never been issued and sold by the Company, for all purposes of this Indenture such Debt Security shall be deemed never
to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 
 (h) Each
Depositary designated pursuant to Section 301 for a Global Security in registered form must, at the time of its designation and at all times while it serves as Depositary, be a clearing agency registered under the Securities Exchange Act of
1934 and any other applicable statute or regulation. 
 Section 304. Temporary Debt Securities. 

(a) Pending the preparation of definitive Debt Securities of any series, the Company may execute, and upon receipt of
documents required by Sections 301 and 303, together with a Company Order, the Trustee shall authenticate and deliver, temporary Debt Securities which are printed, typewritten or otherwise produced, in any denomination, substantially of the tenor
and terms of the definitive Debt Securities in lieu of which they are issued in registered form or, if authorized, in bearer form with one or more coupons or without coupons, and with such appropriate insertions, omissions, substitutions and other
variations as the officers executing such Debt Securities may determine, as evidenced by their signatures on such Debt Securities. In the case of Debt Securities of any series issuable as Bearer Securities, such temporary Debt Securities may be in
global form, representing all or any part of the Outstanding Debt Securities of such series. 
 (b) Unless otherwise
provided pursuant to Section 301: 
 (i) Except in the case of temporary Debt Securities in global form, if temporary
Debt Securities of any series are issued, the Company will cause definitive Debt Securities of such series to be prepared without unreasonable delay. After the preparation of definitive Debt Securities of such series, the related temporary Debt
Securities shall be exchangeable for such definitive Debt Securities upon surrender of the temporary Debt Securities of such series at the office or agency of the Company in the Place of Payment for such series, without charge to the Holder. Upon
surrender for cancellation of any one or more temporary Debt Securities of any series (accompanied, if applicable, by all unmatured coupons and all matured coupons in default appertaining thereto), the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor a like principal amount of definitive Debt Securities of the same series of like tenor and terms and of authorized denominations; provided, however, that no Bearer Security shall be delivered in exchange
for a Registered Security; and provided, further, that a Bearer Security shall be delivered in exchange for a Bearer Security only in compliance with the conditions set forth in Section 305. 

  
 14 

 (ii) If Debt Securities of any series are issued in temporary global form,
any such temporary Global Security shall, unless otherwise provided pursuant to Section 301, be delivered to the Depositary for credit to the respective accounts of the beneficial owners of such Debt Securities (or to such other accounts as
they may direct). 
 (iii) Without unnecessary delay but in any event not later than the date specified in, or determined
pursuant to the terms of, any such temporary Global Security (the “Global Exchange Date”), the Company shall deliver definitive Debt Securities to the Trustee or the agent appointed by the Company pursuant to Section 301 to effect the
exchange of the temporary Global Security for definitive Debt Securities (the “Global Exchange Agent”), in an aggregate principal amount equal to the principal amount of such temporary Global Security, executed by the Company. On or after
the Global Exchange Date, such temporary Global Security shall be surrendered by the Depositary to the Global Exchange Agent, to be exchanged, in whole or from time to time in part, for definitive Debt Securities without charge and the Trustee or
the Global Exchange Agent, if authorized by the Trustee pursuant to Section 614, shall authenticate and deliver, in exchange for each portion of such temporary Global Security, an equal aggregate principal amount of definitive Debt Securities
of the same series of authorized denominations and of like tenor and terms as the portion of such temporary Global Security to be exchanged. Upon any exchange of a part of such temporary Global Security for definitive Debt Securities, the portion of
the principal amount and any interest thereon so exchanged shall be endorsed by the Global Exchange Agent on a schedule to such temporary Global Security, whereupon the principal amount and interest payable with respect to such temporary Global
Security shall be reduced for all purposes by the amount so exchanged and endorsed. The definitive Debt Securities to be delivered in exchange for any such temporary Global Security shall be in bearer form, registered form, global registered form or
global bearer form, or any combination thereof, as specified as contemplated by Section 301, and, if any combination thereof is so specified, as requested by the beneficial owner thereof; provided, however, that definitive Bearer Securities
(including a definitive Global Bearer Security) shall be delivered in exchange for a portion of a temporary Global Security only in compliance with the requirements of Section 303. 

(iv) The interest of a beneficial owner of Debt Securities of a series in a temporary Global Security shall be exchanged for
definitive Debt Securities of the same series and of like tenor and terms following the Global Exchange Date upon request by the account holder and, in the case of the exchange of the temporary Global Security for definitive Bearer Securities
(including a definitive Global Bearer Security), the account holder delivers a certificate in the form set forth in Exhibit A-1 and, if applicable, A-2 to this Indenture, dated no earlier than 15 days prior to the Global Exchange Date, copies of
which certificate shall be available from the Global Exchange Agent, any authenticating agent appointed for such series of Debt Securities and each Paying Agent. Unless otherwise specified in such temporary Global Security, any such exchange shall
be made free of charge to the beneficial owners of such temporary Global Security, except that a Person receiving definitive Debt Securities must bear the cost of insurance, postage, transportation and the like in the event that such Person does not
take delivery of such definitive Debt Securities in person at the offices of Global Exchange Agent. Definitive Debt Securities in bearer form to be delivered in exchange for any portion of a temporary Global Security shall be delivered only outside
the United States. 
 (v) Until exchanged in full as hereinabove provided, the temporary Debt Securities of any series shall
in all respects be entitled to the same benefits under this Indenture as definitive Debt Securities of the same series and of like tenor and terms authenticated and delivered hereunder. 

Section 305. Registration; Registration of Transfer and Exchange. 

The Company shall cause to be kept at one of the offices or agencies to be maintained by the Company in accordance with the provisions of this
Section 305 and Section 1002, with respect to the Debt Securities of each series which are Registered Securities, a register (sometimes referred to herein as the “Security Register”) in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration of Registered Securities and of transfers of Registered Securities. Pursuant to Section 301, the Company shall appoint, with respect to Debt Securities of each
series which are Registered Securities, a “Security Registrar” for the purpose of registering such Debt Securities and transfers and exchanges of such Debt Securities as herein provided. 

Upon surrender for registration of transfer of any Registered Security of any series at the office or agency of the Company maintained for
such purpose, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Registered Securities of the same series of any authorized denomination or
denominations, of like tenor and terms and aggregate principal amount. 

  
 15 

 At the option of the Holder, Registered Securities of any series may be exchanged for other
Registered Securities of the same series of any authorized form and denomination, of like tenor and terms and aggregate principal amount, upon surrender of the Registered Securities to be exchanged at such office or agency. Bearer Securities may not
be delivered in exchange for Registered Securities. 
 At the option of the Holder, Registered Securities or Bearer Securities of any series
may be issued in exchange for Bearer Securities (except as otherwise specified as contemplated by Section 301 with respect to a Bearer Security in global form) of the same series, of any authorized denominations and of like tenor and terms and
aggregate principal amount, upon surrender of the Bearer Securities to be exchanged at any such office or agency, with all unmatured coupons and all matured coupons in default thereto appertaining. If the Holder of a Bearer Security is unable to
produce any such unmatured coupon or coupons or matured coupon or coupons in default, such exchange may be effected if the Bearer Securities are accompanied by payment in funds acceptable to the Company and the Trustee in an amount equal to the face
amount of such missing coupon or coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any
Paying Agent harmless. If thereafter the Holder of such Security shall surrender to any Paying Agent any such missing coupon in respect of which such a payment shall have been made, such Holder shall be entitled to receive the amount of such
payment; provided, however, that, except as otherwise provided in Section 1002, interest represented by coupons shall be payable only upon presentation and surrender of those coupons at an office or agency located outside the United States.
Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such office or agency in exchange for a Registered Security of the same series and like tenor and terms after the close of business at such office or agency
on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or (ii) any Special Record Date and before the opening of business at such office or agency on the related
date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date or proposed date of payment, as the case may be. 

Whenever any Debt Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the
Debt Securities which the Holder making the exchange is entitled to receive. 
 If at any time the Depositary for the Debt Securities of a
series notifies the Company that it is unwilling or unable to continue as Depositary for the Debt Securities of such series or if at any time the Depositary for the Debt Securities of such series shall no longer be eligible under
Section 303(h), the Company shall appoint a successor Depositary with respect to the Debt Securities of such series. If a successor Depositary for the Debt Securities of such series is not appointed by the Company within 90 days after the
Company receives such notice or becomes aware of such ineligibility, the Company’s election pursuant to Section 301(9) shall no longer be effective with respect to the Debt Securities of such series and the Company will execute, and the
Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities of such series, will authenticate and deliver, Debt Securities of such series in definitive form in an aggregate principal amount equal to the
principal amount of the Global Security or Securities representing such series in exchange for such Global Security or Securities. Neither the Trustee nor any agent shall have any responsibility for any actions taken or not taken by the Depositary.

 The Company may at any time and in its sole discretion determine that the Debt Securities of any series issued in the form of one or more
Global Securities shall no longer be represented by such Global Security or Securities. In such event the Company will execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities of
such series, will authenticate and deliver, Debt Securities of such series in definitive form and in an aggregate principal amount equal to the principal amount of the Global Security or Securities representing such series in exchange for such
Global Security or Securities. 
 If specified by the Company pursuant to Section 301 with respect to a series of Debt Securities, the
Depositary for such series of Debt Securities may surrender a Global Security for such series of Debt Securities in exchange in whole or in part for Debt Securities of such series of like tenor and terms and in definitive form on such terms as are
acceptable to the Company and such Depositary. Thereupon, the Company shall execute, and the Trustee shall authenticate and deliver, without charge to any Holder, 

(a) to each Person specified by such Depositary a new Debt Security or Securities of the same series, of like tenor and terms
and of any authorized denominations as requested by such person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global Security; and 

(b) to such Depositary a new Global Security of like tenor and terms and in a denomination equal to the difference, if any,
between the principal amount of the surrendered Global Security and the aggregate principal amount of Debt Securities delivered to Holders thereof. 

In any exchange provided for in any of the preceding three paragraphs, the Company will execute and the Trustee will authenticate and deliver
Debt Securities (a) in definitive registered form in authorized denominations, if the Debt Securities of such series are issuable as Registered Securities, (b) in definitive bearer form in authorized denominations, with coupons attached,
if the 

  
 16 

 
Debt Securities of such series are issuable as Bearer Securities or (c) as either Registered or Bearer Securities, as shall be specified by the beneficial owner thereof, if the Debt
Securities of such series are issuable in either form; provided, however, that no definitive Bearer Security shall be delivered in exchange for a temporary Global Security unless the Company or its agent shall have received from the person entitled
to receive the definitive Bearer Security a certificate substantially in the form set forth in Exhibit A-1 and, if applicable, A-2 hereto; and provided further that delivery of a Bearer Security shall occur only outside the United States; and
provided further that no definitive Bearer Security will be issued if the Company has reason to know that any such certificate is false. 

Upon the exchange of a Global Security for Debt Securities in definitive form, such Global Security shall be cancelled by the Trustee.
Registered Securities issued in exchange for a Global Security pursuant to this Section shall be registered in such names and in such authorized denominations as the Depositary for such Global Security, pursuant to instructions from its direct or
indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Registered Securities to the persons in whose names such Debt Securities are so registered. The Trustee shall deliver Bearer Securities issued in exchange
for a Global Security pursuant to this Section to the persons, and in such authorized denominations, as the Depositary for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the
Trustee; provided, however, that no definitive Bearer Security shall be delivered in exchange for a temporary Global Security unless the Company or its agent shall have received from the person entitled to receive the definitive Bearer Security a
certificate substantially in the form set forth in Exhibit A-1 and, if applicable, A-2 hereto; and provided further that delivery of a Bearer Security shall occur only outside the United States; and provided further that no definitive Bearer
Security will be issued if the Company has reason to know that any such certificate is false. 
 All Debt Securities issued upon any
registration of transfer or exchange of Debt Securities shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Debt Securities surrendered upon such registration of
transfer or exchange. 
 Every Registered Security presented or surrendered for registration of transfer or for exchange shall (if so
required by the Company, the Security Registrar or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company, the Security Registrar and the Trustee duly executed, by the Holder thereof
or such Holder’s attorney duly authorized in writing. 
 No charge to any Holder shall be made for any registration of transfer or
exchange of Debt Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer, registration of transfer or exchange of Debt Securities, other
than exchanges expressly provided in this Indenture to be made at the Company’s own expense or without expense or without charge to the Holders. 

The Company shall not be required (i) to issue, register the transfer of or exchange Debt Securities of any particular series to be
redeemed for a period of fifteen days preceding the first publication of the relevant notice of redemption or, if Registered Securities are outstanding and there is no publication, the mailing of the relevant notice of redemption of Debt Securities
of such series selected for redemption under Section 1103 and ending at the close of business on the day of such mailing, or (ii) to register the transfer of or exchange any Registered Security so selected for redemption in whole or in
part, except the unredeemed portion of such Registered Security being redeemed in part, or (iii) to exchange any Bearer Security so selected for redemption except that such a Bearer Security may be exchanged for a Registered Security of like
tenor and terms of that series, provided that such Registered Security shall be simultaneously surrendered for redemption. 

Notwithstanding anything herein to the contrary, the exchange of Bearer Securities into Registered Securities shall be subject to applicable
laws and regulations in effect at the time of exchange; neither the Company, the Trustee nor the Security Registrar shall exchange any Bearer Securities into Registered Securities if it has received an Opinion of Counsel that as a result of such
exchanges the Company would suffer adverse consequences under the United States Federal income tax laws and regulations then in effect and the Company has delivered to the Trustee a Company Order directing the Trustee not to make such exchanges
thereafter unless and until the Trustee receives a subsequent Company Order to the contrary. The Company shall deliver copies of such Company Orders to the Security Registrar. 

Section 306. Mutilated, Destroyed, Lost and Stolen Debt Securities. 

If (i) any mutilated Debt Security or a Bearer Security with a mutilated coupon appertaining to it is surrendered to a Paying Agent
outside the United States designated by the Company, or, in the case of any Registered Security, to the Trustee, or (ii) the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Debt Security
or coupon, and there is delivered to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Company and the Trustee that such Debt Security or coupon has
been acquired by a bona fide purchaser, the Company shall execute and upon its written request the Trustee shall authenticate and deliver, in exchange for any such mutilated Debt Security or Bearer Security with a mutilated coupon appertaining to it
or to which a destroyed, lost or stolen coupon appertains (with all appurtenant coupons not destroyed, lost or stolen) or in lieu of any such destroyed, lost or stolen Debt 

  
 17 

 
Security, a new Debt Security of like tenor and terms and principal amount, bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to
such destroyed, lost or stolen Debt Security or to the Debt Security to which such destroyed, lost or stolen coupon appertains; provided, however, that any such new Bearer Security will be delivered only in compliance with the conditions set forth
in Section 305. 
 In case any such mutilated, destroyed, lost or stolen Debt Security or coupon has become or is about to become due
and payable, the Company in its discretion may, instead of issuing a new Debt Security, pay such Debt Security or coupon; provided, however, that payment of principal of (and premium, if any) and any interest on Bearer Securities shall, except as
otherwise provided in Section 1002, be payable only at an office or agency located outside the United States; and provided, further, that, with respect to any such coupons, interest represented thereby (but not any additional amounts payable as
provided in Section 1006), shall be payable only upon presentation and surrender of the coupons appertaining thereto. 
 Upon the
issuance of any new Debt Security or coupons under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees
and expenses of the Trustee and printing expenses) connected therewith. 
 Every new Debt Security of any series, with its coupons, if any,
issued pursuant to this Section in lieu of any destroyed, lost or stolen Debt Security, or in exchange for a Bearer Security to which a destroyed, lost or stolen coupon appertains, shall constitute an original additional contractual obligation of
the Company, whether or not the destroyed, lost or stolen Debt Security and its coupons, if any, or the destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and any such new Debt Security and coupons, if any, shall be
entitled to all the benefits of this Indenture equally and proportionately with any and all other Debt Securities of that series and their coupons, if any, duly issued hereunder. 

The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Debt Securities or coupons. 
 Section 307. Payment of Interest;
Interest Rights Preserved. 
 Interest on any Registered Security which is payable, and is punctually paid or duly provided for, on any
Interest Payment Date shall be paid to the Person in whose name that Registered Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. In case a Bearer Security of any
series is surrendered in exchange for a Registered Security of such series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date and before the opening of business (at such office or
agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered
Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. At the option of the Company, payment of interest on any Registered Security
may be made by check in the currency designated for such payment pursuant to the terms of such Registered Security mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire transfer to an
account in such currency designated by such Person in writing not later than fifteen days prior to the date of such payment. 
 Any interest
on any Registered Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (“Defaulted Interest”) shall forthwith cease to be payable to the registered Holder on the relevant
Regular Record Date by virtue of his having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below: 

(1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Registered Securities of
such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee
in writing of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money and/or Government
Obligations the payments of principal and interest on which when due (and without reinvestment) will provide money in such amounts as will (together with any money irrevocably deposited in trust with the Trustee, without investment) be equal to the
aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money and/or Government Obligations when deposited to
be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and
not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date. Unless the
Trustee is acting as the Security Registrar, promptly after such Special 

  
 18 

 
Record Date, the Company shall furnish the Trustee with a list, or shall make arrangements satisfactory to the Trustee with respect thereto, of the names and addresses of, and principal amounts
of Registered Securities of such series held by, the Holders appearing on the Security Register at the close of business on such Special Record Date. In the name and at the expense of the Company, the Trustee shall cause notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Registered Securities of such series at his address as it appears in the Security Register, not less than 10 days
prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names the Registered
Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (2). In case a Bearer Security of any series
is surrendered at the office or agency in a Place of Payment for such series in exchange for a Registered Security of such series after the close of business at such office or agency on any Special Record Date and before the opening of business at
such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such proposed date of payment and Defaulted Interest will not be payable on such proposed
date of payment in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. 

(2) The Company may make payment of any Defaulted Interest on the Registered Securities of any series in any other lawful
manner not inconsistent with the requirements of any securities exchange on which the Registered Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed
payment pursuant to this Clause, such manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions
of this Section, each Debt Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Debt Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by
such other Debt Security. 
 Subject to the limitations set forth in Section 1002, the Holder of any coupon appertaining to a Bearer
Security shall be entitled to receive the interest payable on such coupon upon presentation and surrender of such coupon on or after the Interest Payment Date of such coupon at an office or agency maintained for such purpose pursuant to
Section 1002. 
 Section 308. Persons Deemed Owners. 

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

The Company, the Trustee and any agent of the Company or the Trustee may treat the bearer of any Bearer Security and the bearer of any coupon
as the absolute owner of such Bearer Security or coupon for the purpose of receiving payment thereof or on account thereof and for all other purposes whatsoever, whether or not such Bearer Security or coupon be overdue, and neither the Company, the
Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 
 None of the Company, the Trustee, any
Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining, supervising or
reviewing any records relating to such beneficial ownership interests. 
 Section 309. Cancellation. 

Unless otherwise provided with respect to a series of Debt Securities, all Debt Securities and coupons surrendered for payment, redemption,
repayment, transfer, exchange or credit against any sinking fund payment pursuant to this Indenture shall, if surrendered to the Company or any agent of the Company, be delivered to the Trustee and shall be promptly cancelled by it. The Company may
at any time deliver to the Trustee for cancellation any Debt Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Debt Securities so delivered shall be promptly cancelled
by the Trustee. No Debt Securities shall be authenticated in lieu of or in exchange for any Debt Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Debt Securities and coupons held by the
Trustee shall be disposed of by the Trustee in accordance with customary procedures. 

  
 19 

 Section 310. Computation of Interest. 

Except as otherwise specified as contemplated by Section 301 for Debt Securities of any series, interest on the Debt Securities of each
series shall be computed on the basis of a 360-day year of twelve 30-day months. 
 Section 311. Certification by a Person Entitled
to Delivery of a Bearer Security. 
 Whenever any provision of this Indenture or a Debt Security contemplates that certification be
given by a Person entitled to delivery of a Bearer Security, such certification shall be provided substantially in the form of Exhibit A-1 and, if applicable, A-2 hereto, with only such changes as shall be approved by the Company and consented to by
the Trustee, whose consent shall not unreasonably be withheld. 
 Section 312. Judgments. 

The Company agrees that, to the fullest extent possible under applicable law and except as may otherwise be specified as contemplated in
Section 301, (a) the obligation, if any, of the Company to pay the principal of (and premium, if any) and interest on the Debt Securities of any series and any appurtenant coupons in a Foreign Currency, composite currency or Dollars (the
“Designated Currency”) as may be specified pursuant to Section 301 is of the essence, and judgments in respect of such Debt Securities shall be given in the Designated Currency; (b) the obligation of the Company to make payments
in the Designated Currency of the principal of (and premium, if any) and interest on such Debt Securities and any appurtenant coupons shall, notwithstanding any payment in any other currency (whether pursuant to a judgment or otherwise), be
discharged only to the extent of the amount in the Designated Currency that the Holder receiving such payment may, in accordance with normal banking procedures, purchase with the sum paid in such other currency (after any premium and cost of
exchange) in the country of issue of the Designated Currency in the case of Foreign Currency or Dollars or in the international banking community in the case of a composite currency on the Business Day immediately following the day on which such
Holder receives such payment; (c) if the amount in the Designated Currency that may be so purchased for any reason falls short of the amount originally due, the Company shall pay such additional amounts as may be necessary to compensate for
such shortfall; and (d) any obligation of the Company not discharged by such payment shall be due as a separate and independent obligation and, until discharged as provided herein, shall continue in full force and effect. 

Section 313. CUSIP Numbers. 

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

Satisfaction and Discharge 

Section 401. Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Request cease to be of further effect (except as to any surviving rights of registration of transfer or
exchange of Debt Securities herein expressly provided for and rights to receive payments of principal and interest thereon and any right to receive additional amounts, as provided in Section 1006) and the Trustee, at the expense of the Company,
shall execute proper instruments acknowledging satisfaction and discharge of this Indenture when 
 (1) either 

(A) all Debt Securities theretofore authenticated and delivered and all coupons appertaining thereto (other than
(i) coupons appertaining to Bearer Securities surrendered in exchange for Registered Securities and maturing after such exchange, surrender of which is not required or has been waived as provided in Section 305, (ii) Debt Securities
and coupons which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306, (iii) coupons appertaining to Bearer Securities called for redemption or surrendered for repayment and maturing after
the relevant Redemption Date or Repayment Date, as appropriate, surrender of which has been waived as provided in Section 1106 or 1303 and (iv) Debt Securities and coupons for whose payment money and/or Government Obligations have
theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee cancelled or for
cancellation; or 

  
 20 

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

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

(iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice
of redemption by the Trustee in the name, and at the expense, of the Company, and the Company, in the case of (B)(i), (B)(ii) or (B)(iii) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for the
purpose money and/or Government Obligations the payments of principal and interest on which when due (and without reinvestment) will provide money in such amounts as will (together with any money irrevocably deposited in trust with the Trustee,
without investment) be sufficient to pay and discharge the entire indebtedness on such Debt Securities and coupons of such series for principal (and premium, if any) and interest, and any mandatory sinking fund, repayment or analogous payments
thereon, on the scheduled due dates therefor to the date of such deposit (in the case of Debt Securities and coupons which have become due and payable) or to the Stated Maturity or Redemption Date, if any, and all Repayment Dates (in the case of
Debt Securities repayable at the option of the Holders thereof); provided, however, that in the event a petition for relief under any applicable Federal or state bankruptcy, insolvency, reorganization or other similar law is filed with respect to
the Company within 91 days after the deposit, the obligations of the Company under the Indenture with respect to the Debt Securities of such series shall not be deemed terminated or discharged, and in such event the Trustee shall be required to
return the deposited money and Government Obligations then held by the Trustee to the Company; 
 (2) the Company has paid or
caused to be paid all other sums payable hereunder by the Company; and 
 (3) the Company has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 607 and, if
money or Government Obligations shall have been deposited with the Trustee pursuant to Subclause (B) of Clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph of Section 1003 shall
survive. 
 Section 402. Application of Trust Money and Government Obligations. 

(a) Subject to the provisions of the last paragraph of Section 1003, all money and Government Obligations deposited with
the Trustee pursuant to Section 401, 403 or 1501 shall be held in trust and such money and the principal and interest received on such Government Obligations shall be applied by it, in accordance with the provisions of the Debt Securities, any
coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and
interest for whose payment such money or Government Obligations have been deposited with the Trustee. 
 (b) The Trustee
shall deliver or pay to the Company from time to time upon Company Request any Government Obligations or money held by it as provided in Section 403 or 1501 which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such Government Obligations or money were deposited or
received. 
 (c) The Trustee shall deliver to the Company from time to time upon Company Request any Government Obligations
held by it as provided in Section 403 or 1501, provided that the Company in substitution therefor simultaneously delivers to the Trustee, money or other Government Obligations which, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written certification thereof delivered to the Trustee, would then be sufficient to satisfy the Company’s payment obligations in respect of the Debt Securities in the manner contemplated by Section 403 or
1501. 

  
 21 

 Section 403. Satisfaction, Discharge and Defeasance of Debt Securities of any
Series. 
 If this Section 403 is specified, as contemplated by Section 301, to be applicable to Debt Securities of any
series, then, notwithstanding Section 401, (i) the Company shall be deemed to have paid and discharged the entire indebtedness on all the Outstanding Debt Securities of any such series and related coupons; (ii) the provisions of this
Indenture as it relates to such Outstanding Debt Securities and related coupons shall no longer be in effect (except as to (A) the rights of Holders of Debt Securities to receive, from the trust fund described in subparagraph (1) below,
payment of (x) the principal of (and premium, if any) and any installment of principal of (and premium, if any) or interest on such Debt Securities and related coupons on the Stated Maturity of such principal (and premium, if any) or
installment of principal (and premium, if any) or interest or (y) any mandatory sinking fund, repayment or analogous payments applicable to the Debt Securities of that series on that day on which such payments are due and payable in accordance
with the terms of this Indenture and of such Debt Securities, (B) the Company’s obligations with respect to such Debt Securities under Sections 304, 305, 306, 1002, 1003 and 1006, and (C) the rights, powers, trusts, duties and
immunities of the Trustee hereunder, including those under Section 607 hereof); and (iii) the Trustee, at the expense of the Company, shall, upon Company Order, execute proper instruments acknowledging satisfaction and discharge of such
indebtedness, when 
 (1) either 

(A) with respect to all Outstanding Debt Securities of such series and related coupons, with reference to this
Section 403, the Company has deposited or caused to be deposited with the Trustee irrevocably, as trust funds in trust, money and/or Government Obligations the payments of principal and interest on which when due (and without reinvestment) will
provide money in such amounts as will (together with any money irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay and discharge (i) the principal of (and premium, if any) and interest on the Outstanding
Debt Securities of that series on the Stated Maturity of such principal or interest or, if such series may be redeemed by the Company prior to the Stated Maturity thereof and the Company shall have given irrevocable instructions to the Trustee to
effect such redemption, at the date fixed for such redemption pursuant to Article XI, and (ii) any mandatory sinking fund payments or analogous payments applicable to Debt Securities of such series on the date on which such payments are due and
payable in accordance with the terms of this Indenture and of such Debt Securities; or 
 (B) the Company has properly
fulfilled such other means of satisfaction and discharge as is specified, as contemplated by Section 301, to be applicable to the Debt Securities of such series; 

(2) Company has paid or caused to be paid all sums payable with respect to the Outstanding Debt Securities of such series and
related coupons; 
 (3) such deposit will not result in a breach of, or constitute a default under, this Indenture or any
other agreement or instrument to which the Company is a party or by which it is bound; 
 (4) no Event of Default or event
which, with the giving of notice or lapse of time, or both, would become an Event of Default pursuant to Section 501(1), (2), (3), (5) or (6) with respect to the Debt Securities of such series shall have occurred and be continuing on
the date of such deposit and no Event of Default under Section 501(5) or Section 501(6) or event which, with the giving of notice or lapse of time, or both, would become an Event of Default under Section 501(5) or Section 501(6)
shall have occurred and be continuing on the 91st day after such date; provided, however, that should that condition fail to be satisfied on or before such 91st day, the Trustee shall promptly, upon satisfactory receipt of evidence of such failure,
return such deposit to the Company; 
 (5) if the Debt Securities of that series are then listed on any domestic or foreign
securities exchange, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that such deposit, defeasance and discharge will not cause such Debt Securities to be delisted; and 

(6) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein provided for relating to the satisfaction and discharge of the entire indebtedness of all Outstanding Debt Securities and related coupons have been complied with. 

Any deposits with the Trustee referred to in Section 403(1)(A) above shall be irrevocable and shall be made under the terms of an escrow
or trust agreement in form and substance satisfactory to the Trustee. If any Outstanding Debt Securities of such series are to be redeemed prior to their Stated Maturity, whether pursuant to any optional redemption provisions or in accordance with
any mandatory sinking fund requirement, the applicable escrow or trust agreement shall provide therefor and the Company shall make such arrangements as are satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the
name, and at the expense, of the Company. 
 Upon the satisfaction of the conditions set forth in this Section 403 with respect to all
the Outstanding Debt Securities of any series, the terms and conditions of such series, including the terms and conditions with respect thereto set forth in this Indenture, shall no longer be binding upon, or applicable to, the Company; provided
that the Company shall not be discharged from any payment obligations in respect of Debt Securities of such series which are deemed not to be Outstanding under clause (iii) of the definition thereof if such obligations continue to be valid
obligations of the Company under applicable law. 

  
 22 

 Notwithstanding the cessation, termination and discharge of all obligations, covenants and
agreements (except as provided above in this Section 403) of the Company under this Indenture with respect to any series of Debt Securities, the obligations of the Company to the Trustee under Section 607, and the obligations of the
Trustee under Section 402 and the last paragraph of Section 1003, shall survive with respect to such series of Debt Securities. 

Article V 
 Remedies

 Section 501. Events of Default. 

“Event of Default”, wherever used herein with respect to Debt Securities of any series, means any one of the following events
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law, pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body): 
 (1) default in the payment of any interest upon any Debt Security of such series when it becomes due
and payable, and continuance of such default for a period of 30 days; or 
 (2) default in the payment of the principal of
(or premium, if any, on) any Debt Security of such series at its Maturity; or 
 (3) default in the deposit of any sinking
fund payment, when and as due by the terms of a Debt Security of such series; or 
 (4) default in the performance, or
breach, of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this
Indenture solely for the benefit of Debt Securities of a series other than such series), and continuance of such default or breach for a period of 90 days after there has been given by registered or certified mail, to the Company by the Trustee, or
to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Debt Securities of such series, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a
“Notice of Default” hereunder; or 
 (5) the entry by a court having jurisdiction in the premises of (A) a
decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or state bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Company a
bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver,
liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or
any such other decree or order unstayed and in effect for a period of 90 consecutive days; or 
 (6) the commencement by the
Company of a voluntary case or proceeding under any applicable Federal or state bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the
entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or
insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of
or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the
admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action; or 

(7) any other Event of Default, if any, provided with respect to Debt Securities of such series specified as contemplated by
Section 301. 

  
 23 

 Section 502. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to Debt Securities of any series at the time Outstanding occurs and is continuing, then and in every such
case the Trustee or the Holders of not less than 25% in principal amount of Outstanding Debt Securities of such series may declare the principal amount (or, if the Debt Securities of such series are Original Issue Discount Securities, such portion
of the principal amount as may be specified in the terms of such series) of and all accrued but unpaid interest on all the Debt Securities of such series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if
given by such Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable. Upon payment of such amount, all obligations of the Company in respect of the payment of principal of the
Debt Securities of such series shall terminate. 
 At any time after such a declaration of acceleration with respect to Debt Securities of
any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Debt Securities of such
series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if 

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

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

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

(D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel; and 
 (2) all Events of Default with respect to Debt Securities of such series, other
than the non-payment of the principal of Debt Securities of such series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513. 

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

Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if: 

(1) default is made in the payment of any installment of interest on any Debt Security when such interest becomes due and
payable and such default continues for a period of 30 days, or 
 (2) default is made in the payment of the principal of (or
premium, if any, on) any Debt Security at the Maturity thereof, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Debt Securities and any related coupons, the amount then due and payable on such Debt
Securities and coupons for principal (and premium, if any) and interest and, to the extent that payment of such interest shall be legally enforceable, interest upon the overdue principal (and premium, if any) and upon overdue installments of
interest, at the rate or rates prescribed therefor in such Debt Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel. 
 If the Company fails to pay such amounts forthwith upon such demand,
the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against
the Company or any other obligor upon such Debt Securities and coupons and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Debt Securities and
coupons, wherever situated. 
 If an Event of Default with respect to Debt Securities of any series occurs and is continuing, the Trustee
may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Debt Securities of such series and any related coupons by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and
enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

  
 24 

 Section 504. Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceedings, or any voluntary or involuntary case under the Federal bankruptcy laws as now or hereafter constituted, relative to the Company or any other obligor upon the Debt Securities of a particular series or any related coupons
or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of such Debt Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective
of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceedings or otherwise, 

(1) to file and prove a claim for the whole amount of principal (and premium, if any) and interest owing and unpaid in respect
of the Debt Securities of such series and any appurtenant coupons and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 

(2) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same;

 and any receiver, assignee, trustee, custodian, liquidator, sequestrator or other similar official in any such proceeding is hereby authorized by each
Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607. 
 Nothing herein contained
shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Debt Securities or any coupons or the rights of any
Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 505.
Trustee May Enforce Claims without Possession of Debt Securities or Coupons. 
 All rights of action and claims under this Indenture
or the Debt Securities or coupons may be prosecuted and enforced by the Trustee without the possession of any of the Debt Securities or coupons or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the
Trustee shall be brought in its own name, as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, be for the ratable benefit of the Holders of the Debt Securities and coupons in respect of which such judgment has been recovered. 

Section 506. Application of Money Collected. 

Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee
and, in case of the distribution of such money on account of principal (and premium, if any) or interest, upon presentation of the Debt Securities or any coupons, or both, as the case may be, and the notation thereon of the payment if only partially
paid and upon surrender thereof if fully paid: 
 FIRST: To the payment of all amounts due the Trustee under Section 607; 

SECOND: To the payment of the amounts then due and unpaid for principal of (and premium, if any) and interest on the Debt Securities and any
coupons, in respect of which or for the benefit of which such money has been collected ratably, without preference or priority of any kind, according to the amounts due and payable on such Debt Securities and any coupons for principal (and premium,
if any) and interest, respectively. The Holders of each series of Debt Securities denominated in Euro, any other composite currency or a Foreign Currency and any matured coupons relating thereto shall be entitled to receive a ratable portion of the
amount determined by the Exchange Rate Agent by converting the principal amount Outstanding of such series of Debt Securities and matured but unpaid interest on such series of Debt Securities in the currency in which such series of Debt Securities
is denominated into Dollars at the Exchange Rate as of the date of declaration of acceleration of the Maturity of the Debt Securities; and 

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

  
 25 

 Section 507. Limitation on Suits. 

No Holder of any Debt Securities of any series or any related coupons shall have any right to institute any proceeding, judicial or otherwise,
with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

(1) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Debt
Securities of such series; 
 (2) the Holders of not less than 25% in principal amount of the Outstanding Debt Securities of
such series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3) such Holder or Holders have offered to the Trustee indemnity satisfactory to the Trustee against the costs, expenses and
liabilities to be incurred in compliance with such request; 
 (4) the Trustee for 60 days after its receipt of such notice,
request and offer of indemnity has failed to institute any such proceeding; and 
 (5) no direction inconsistent with such
written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Debt Securities of such series; it being understood and intended that no one or more of such Holders shall
have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other such Holders (it being understood that the Trustee does not have an affirmative duty to
ascertain whether or not such actions or forebearances are unduly prejudicial to such Holders), or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all of such Holders. 
 Section 508. Unconditional Right of Holders
to Receive Principal, Premium and Interest. 
 Notwithstanding any other provision in this Indenture, the Holder of any Debt Security or
coupon shall have the right which is absolute and unconditional to receive payment of the principal of (and premium, if any) and (subject to Section 307) interest on such Debt Security or payment of such coupon on the respective Stated Maturity
or Maturities expressed in such Debt Security or coupon (or, in the case of redemption or repayment, on the Redemption Date or the Repayment Date, as the case may be) and to institute suit for the enforcement of any such payment, and such right
shall not be impaired without the consent of such Holder. 
 Section 509. Restoration of Rights and Remedies. 

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

Section 510. Rights and Remedies Cumulative. 

Except as otherwise provided in Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is
intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 511. Delay or Omission Not Waiver. 

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

  
 26 

 Section 512. Control by Holders of Debt Securities. 

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

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

(2) subject to the provisions of Section 601, the Trustee shall have the right to decline to follow any such direction if
the Trustee in good faith shall, by a Responsible Officer or Responsible Officers of the Trustee, determine that the proceedings so directed would be unjustly prejudicial to the Holders of Debt Securities of such series not joining in any such
direction; and 
 (3) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such
direction. 
 Section 513. Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the Outstanding Debt Securities of any series may on behalf of the Holders of
all the Debt Securities of any such series and any related coupons waive any past default hereunder with respect to such series and its consequences, except a default 

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

(2) in respect of a covenant or provision hereof which under Article IX cannot be modified or amended without the consent
of the Holder of each Outstanding Debt Security of such series affected. 
 Upon any such waiver, such default shall cease to exist, and any
Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

Section 514. Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Debt Security or coupon by his acceptance thereof shall be deemed to have agreed,
that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having a due regard to the
merits and good faith of the claims or defenses made by such party litigant, but the provisions of this Section shall not apply to any suit instituted by the Company or the Trustee, to any suit instituted by any Holder, or group of Holders, holding
in the aggregate more than 25% in principal amount of the Outstanding Debt Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any) or interest on any Debt Security
or the payment of any coupons on or after the respective Stated Maturity or Maturities expressed in such Debt Security or coupon (or, in the case of redemption or repayment, on or after the Redemption Date or Repayment Date, as the case may be).

 Section 515. Waiver of Stay or Extension Laws. 

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

  
 27 

 Article VI 

The Trustee 

Section 601. Certain Duties and Responsibilities. 

(a) Except during the continuance of an Event of Default, 

(1) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no
implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (2) in the absence of bad
faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to
the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 

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

(c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its
own negligent failure to act, or its own willful misconduct, except that 
 (1) this Subsection shall not be construed to
limit the effect of Subsection (a) of this Section; 
 (2) the Trustee shall not be liable for any error of judgement
made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

(3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series, determined as provided in Sections 101, 104 and 512, relating to the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Debt Securities of such series; and 

(4) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is
not reasonably assured to it. 
 Section 602. Notice of Default. 

If a default occurs hereunder with respect to Debt Securities of any series the Trustee shall transmit by mail to all Holders of Debt
Securities of such series notice of such default as and to the extent provided by the Trust Indenture Act; provided, however, that in the case of any default of the character specified in Section 501(4) with respect to Debt Securities of such
series no such notice to Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an
Event of Default with respect to Debt Securities of such series. 
 Section 603. Certain Rights of Trustee. 

Except as otherwise provided in Section 601: 

(a) the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any signature,
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document believed by it to be genuine and to have been signed or presented by the proper
party or parties; 
 (b) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a
Company Request or Company Order and any resolution of the Board of Directors shall be sufficiently evidenced by a Board Resolution; 

(c) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established
prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, conclusively rely upon an Officers’ Certificate; 

  
 28 

 (d) the Trustee may consult with counsel of its selection and the advice of
such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders of Debt Securities of such series or any related coupons pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the
costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 
 (f) the
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon, other evidence
of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or
investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney, other than any such books or records containing information as to the affairs of the customers of the Company or any
of its subsidiaries; provided that the Trustee may examine such books and records relating to customers to the extent that such books and records contain information as to any payments made to such customers in their capacity as Holders of Debt
Securities; provided, further, that the Trustee shall treat all information regarding the Company which it receives pursuant to this Indenture and its duties hereunder as confidential and shall not disclose such information unless necessary in order
to fulfill its duties under this Indenture or the Trust Indenture Act; 
 (g) the Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it
hereunder; no Exchange Rate Agent, Global Exchange Agent, Depositary or Paying Agent shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any of them; 

(h) the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and reasonably
believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 
 (i) in
no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood
of such loss or damage and regardless of the form of action; 
 (j) the Trustee shall not be deemed to have notice of any
Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and
such notice references the Debt Securities and this Indenture; 
 (k) the rights, privileges, protections, immunities and
benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act
hereunder; and 
 (l) the Trustee may request that the Company deliver an Officers’ Certificate setting forth the names
of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any
person specified as so authorized in any such certificate previously delivered and not superseded. 
 Section 604. Not Responsible
for Recitals or Issuance of Debt Securities. 
 The recitals contained herein and in the Debt Securities, except the Trustee’s
certificates of authentication, and in any coupons, and the information in any registration statement, including all attachments thereto, except information provided by the Trustee therein, shall be taken as the statements of the Company, and the
Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debt Securities of any series or any coupons. The Trustee shall not be accountable for the
use or application by the Company of any Debt Securities or the proceeds thereof. The Trustee shall not be responsible for and makes no representations as to the Company’s ability or authority to issue Bearer Securities or the lawfulness
thereof. 

  
 29 

 Section 605. May Hold Debt Securities or Coupons. 

The Trustee, any Paying Agent, the Security Registrar or any other agent of the Company or the Trustee, in its individual or any other
capacity, may become the owner or pledgee of Debt Securities and coupons, and, subject to Sections 608 and 613, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar or such
agent. 
 Section 606. Money Held in Trust. 

Money held by the Trustee or any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required by law.
Neither the Trustee nor any Paying Agent shall be under any liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 

Section 607. Compensation and Reimbursement. 

The Company agrees 

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

(2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance
as may be attributable to its negligence or bad faith; and 
 (3) to indemnify each of the Trustee or any predecessor Trustee
and their agents for, and to hold them harmless against, any and all loss, damage, claims, liability or expense, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee), arising out of or in connection
with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim (whether asserted by the Company, or any Holder or any other Person) or liability in connection with the
exercise or performance of any of its powers or duties hereunder, or in connection with enforcing the provisions of this Section, except to the extent that such loss, damage, claim, liability or expense is due to its own negligence or bad faith.

 The Trustee shall promptly notify the Company of any claim for which it may seek indemnification pursuant to the provisions of this
Indenture. The Company shall be entitled to participate in, and to the extent that it shall wish, to assume the defense of such claim, with counsel satisfactory to the Trustee (and the Trustee shall cooperate in the defense thereof), and after
notice from the Company to the Trustee of the Company’s election so to assume the defense thereof, the Company shall not be liable to the Trustee under this Indenture for any legal or other expenses subsequently incurred by the Trustee in
connection with the defense thereof other than reasonable costs of investigation; provided, however, that the Trustee may only employ separate counsel at the expense of the Company if in the judgement of the Trustee (i) a conflict of interest
exists by reason of common representation or (ii) there are legal defenses available to the Trustee that are different from or are in addition to those available to the Company or if all parties commonly represented do not agree as to the
action (or inaction) of counsel. The Company shall not be obligated under any settlement agreement relating to any claim under this Indenture to which it has not agreed in writing. 

As security for the performance of the obligations of the Company under this Section the Trustee shall have a claim prior to the Debt
Securities and any coupons upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) or interest on particular Debt Securities or any coupons. 

The provisions of this Section 607 shall survive the resignation or removal of the Trustee and the termination of this Indenture. 

Section 608. Disqualification; Conflicting Interests. 

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

  
 30 

 Section 609. Corporate Trustee Required; Eligibility. 

There shall at all times be a Trustee hereunder which shall be a corporation that is eligible pursuant to the Trust Indenture Act to act as
such and organized and doing business under the laws of the United States, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000,
and subject to supervision or examination by Federal or State authority; provided, however, that if Section 310(a) of the Trust Indenture Act or the rules and regulations of the Commission under the Trust Indenture Act at any time permit a
corporation organized and doing business under the laws of any other jurisdiction to serve as trustee of an indenture qualified under the Trust Indenture Act, this Section 609 shall be automatically amended to permit a corporation organized and
doing business under the laws of any such other jurisdiction to serve as Trustee hereunder. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the
Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

Section 610. Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become
effective until the acceptance of appointment by the successor Trustee under Section 611. 
 (b) The Trustee may resign
at any time with respect to the Debt Securities of one or more series by giving written notice thereof to the Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving
of such notice of resignation, the resigning Trustee may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Debt Securities of such series. 

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

(d) If at any time: 

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

(2) the Trustee shall cease to be eligible under Section 609 with respect to any series of Debt Securities and shall fail
to resign after written request therefor by the Company or by any such Holder, or 
 (3) the Trustee shall become incapable
of acting with respect to any series of Debt Securities or a decree or order for relief by a court having jurisdiction in the premises shall have been entered in respect of the Trustee in an involuntary case under the Federal bankruptcy laws, as now
or hereafter constituted, or any other applicable Federal or State bankruptcy, insolvency or similar law; or a decree or order by a court having jurisdiction in the premises shall have been entered for the appointment of a receiver, custodian,
liquidator, assignee, trustee, sequestrator or other similar official of the Trustee or of its property or affairs, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation,
conservation, winding up or liquidation, or 
 (4) the Trustee shall commence a voluntary case under the Federal bankruptcy
laws, as now or hereafter constituted, or any other applicable Federal or State bankruptcy, insolvency or similar law or shall consent to the appointment of or taking possession by a receiver, custodian, liquidator, assignee, trustee, sequestrator
or other similar official of the Trustee or its property or affairs, or shall make an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they become due, or shall take corporate action in
furtherance of any such action, 
 then, in any such case, (i) the Company by a Board Resolution may remove the Trustee with respect to
such series at any time or (ii) subject to Section 514, any Holder who has been a bona fide Holder of a Debt Security of any series for at least six months may, on behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the removal of the Trustee for the Debt Securities of such series and the appointment of a successor Trustee. In addition, the Company may remove the Trustee if the Company shall determine by a Board Resolution that the
services provided by the Trustee hereunder may be obtained at a substantially lower cost to the Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of such
notice of removal, the Trustee that is to be removed may, at the expense of the Company, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Debt Securities of such series. 

  
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 (e) If the Trustee shall resign, be removed or become incapable of acting
with respect to any series of Debt Securities, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Debt Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor
Trustee or Trustees with respect to the Debt Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Debt Securities of one or more or all of such series and that at any time there
shall be only one Trustee with respect to the Debt Securities of any particular series) and shall comply with the applicable requirements of Section 611. If, within one year after such resignation, removal or incapability, or the occurrence of
such vacancy, a successor Trustee with respect to the Debt Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Debt Securities of such series delivered to the Company and the
retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee with respect to the Debt Securities of such series and to that extent supersede the successor Trustee
appointed by the Company. If no successor Trustee with respect to the Debt Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the manner hereinafter provided, any Holder who has been a
bona fide Holder of a Debt Security of such series for at least six months may, subject to Section 514, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor
Trustee with respect to the Debt Securities of such series. 
 (f) The Company shall give notice of each resignation and each
removal of the Trustee with respect to the Debt Securities of any series and each appointment of a successor Trustee with respect to the Debt Securities of any series by mailing written notice of such event by first-class mail, postage prepaid, to
the Holders of Registered Securities, if any, of such series as their names and addresses appear in the Security Register and, if Debt Securities of such series are issuable as Bearer Securities, by publishing notice of such event once in an
Authorized Newspaper in each Place of Payment located outside the United States. Each notice shall include the name of the successor Trustee with respect to the Debt Securities of such series and the address of its Corporate Trust Office. 

Section 611. Acceptance of Appointment by Successor. 

(a) In the case of an appointment hereunder of a successor Trustee with respect to all Debt Securities, every such successor
Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such
successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such retiring Trustee shall, upon
payment of its charges due under Section 607 hereof, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder. 
 (b) In the case of the appointment
hereunder of a successor Trustee with respect to the Debt Securities of one or more (but not all) series, the Company, the retiring Trustee upon payment of its charges and each successor Trustee with respect to the Debt Securities of one or more
series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to
vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring
Trustee is not retiring with respect to all Debt Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt
Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for
or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee
shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture, the resignation or removal of the
retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with
respect to the Debt Securities of that or those series to which the appointment of such successor Trustee relates; but, on the request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Debt Securities of that or those series to which the appointment of such successor Trustee relates. 

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

(d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be
qualified and eligible under this Article. 
 Section 612. Merger, Conversion, Consolidation or Succession to Business. 

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

Section 613. Preferential Collection of Claims Against Company. 

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

Section 614. Authenticating Agent. 

The Trustee shall upon Company Request appoint one or more Authenticating Agents (including, without limitation, the Company or any Affiliate
thereof) with respect to one or more series of Debt Securities which shall be authorized on behalf of the Trustee in authenticating Debt Securities of such series in connection with the issue, delivery, registration of transfer, exchange, partial
redemption or repayment of such Debt Securities. Wherever reference is made in this Indenture to the authentication of Debt Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include
authentication on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent must be acceptable to the Company and, in the case of
Registered Securities, must be a corporation organized and doing business under the laws of the United States or of any State or the District of Columbia, having a combined capital and surplus of at least $50,000,000, authorized under such laws to
do a trust business and subject to supervision or examination by Federal or State authorities, and in the case of Bearer Securities and an authenticating agent who is not organized and doing business under the laws of the United States or of any
State thereof or the District of Columbia, is subject to supervision or examination by the appropriate foreign authorities. 
 Any
corporation succeeding to the corporate agency business of an authenticating agent shall continue to be an authenticating agent without the execution or filing of any paper or any further act on the part of the Trustee or such authenticating agent.

 An authenticating agent may at any time resign with respect to one or more series of Debt Securities by giving written notice of
resignation to the Trustee and to the Company. The Trustee may at any time terminate the agency of any authenticating agent with respect to one or more series of Debt Securities by giving written notice of termination to such authenticating agent
and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time an authenticating agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a
successor authenticating agent. Any successor authenticating agent upon acceptance of its appointment hereunder shall become vested with all rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an
authenticating agent herein. No successor authenticating agent shall be appointed unless eligible under the provisions of this Section. 

The Company agrees to pay to each authenticating agent from time to time reasonable compensation for its services under this Section. 

The provisions of Sections 104, 111, 306, 309, 603, 604 and 605 shall be applicable to any authenticating agent. 

  
 33 

 Pursuant to each appointment made under this Section, the Debt Securities of each series
covered by such appointment may have endorsed thereon, in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication in substantially the following form: 

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

 

									
		 		 	             
	 	
                   
             

					
	 Dated:
	 	 	 		 	By	 	 
		 		 		 		 	Authorized Signatory

 Article VII 

Holders’ Lists and Reports By Trustee and Company 

Section 701. Company to Furnish Trustee Names and Addresses of Holders. 

The Company will furnish or cause to be furnished to the Trustee with respect to Debt Securities of each series for which it acts as Trustee:

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

(2) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such
request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 
 provided, however, that if and so
long as the Trustee shall be the Security Registrar, no such list need be furnished. 
 Section 702. Preservation of Information;
Communications to Holders. 
 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the
names and addresses of Holders of Registered Securities contained in the most recent list furnished to the Trustee as provided in Section 701 and the names and addresses of Holders of Registered Securities received by the Trustee in its
capacity as Paying Agent or Security Registrar, if so acting. The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt of a new list so furnished. The Trustee shall preserve for at least two years the names and
addresses of Holders of Bearer Securities filed with the Trustee by such Holders. 
 (b) The rights of Holders to communicate
with other Holders with respect to their rights under this Indenture or under the Debt Securities, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 

(c) Every Holder of Debt Securities or coupons, by receiving and holding the same, agrees with the Company and the Trustee that
neither the Company nor the Trustee shall be held accountable by reason of any disclosure of information as to the names and addresses of the Holders made pursuant to the Trust Indenture Act. 

Section 703. Reports by Trustee. 

(a) The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be
required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by Section 313 (a) of the Trust Indenture Act, the Trustee shall, within sixty days after the date specified in a
supplemental indenture with respect to any issuance of Debt Securities under this Indenture deliver to Holders a brief report, dated as of such specified date, which complies with the provisions of such Section 313(a). 

(b) A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock
exchange, if any, upon which any Debt Securities of such series are listed, with the Commission and also with the Company. The Company will notify the Trustee when any series of Debt Securities are listed on any stock exchange and any delisting
thereof. 
 Section 704. Reports by Company. 

The Company shall file with the Trustee and the Commission, and transmit to Holders such information, documents and other reports, and such
summaries thereof, as may be required pursuant to the Trust Indenture Act at the time and in the manner pursuant to such Act; provided that such information, documents or reports required to be filed with the Commission pursuant to Section 13
or Section 15(d) of the Securities Exchange Act of 1934 shall be filed with the Trustee within 15 days after the same is so required to be filed with the Commission. 

  
 34 

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

Consolidation, Merger, Conveyance, Transfer or Lease 

Section 801. Company May Consolidate, etc. Only on Certain Terms. 

The Company shall not consolidate with or merge into any other corporation or convey, transfer or lease its properties and assets
substantially as an entirety to any Person, and the Company shall not permit any Person to consolidate with or merge into the Company, or convey, transfer or lease its properties and assets substantially as an entirety to the Company, unless: 

(1) in case the Company shall consolidate with or merge into another corporation or convey, transfer or lease its properties
and assets substantially as an entirety to any Person, the corporation formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Company
substantially as an entirety shall be a corporation organized and existing under the laws of the United States of America, any political subdivision thereof or any State thereof and shall expressly assume, by an indenture supplemental hereto,
executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of (and premium, if any) and interest (including all additional amounts, if any, payable pursuant to Section 1006) on all
the Debt Securities and the performance of every covenant of this Indenture on the part of the Company to be performed or observed; 

(2) immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of
time, or both, would become an Event of Default, shall have happened and be continuing; and 
 (3) the Company has delivered
to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger, conveyance, transfer or lease and such supplemental indenture comply with this Article and that all conditions precedent herein
provided for relating to such transaction have been met. 
 Section 802. Successor Corporation Substituted. 

Upon any consolidation with or merger into any other corporation, or any conveyance, transfer or lease of the properties and assets of the
Company substantially as an entirety in accordance with Section 801, the successor corporation formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had been named as the Company herein, and thereafter, except in the case of a lease, the Company (which term for
this purpose shall mean the Person named as the “Company” in the first paragraph of this instrument or any successor corporation which shall theretofore have become such in the manner presented in this Article) shall be relieved of all
obligations and covenants under this Indenture and the Debt Securities and any coupons. 
 Section 803. Conveyance or Transfer to a
Wholly-owned Subsidiary. 
 Notwithstanding the provisions of Sections 801 and 802, and without any requirement of complying with any of
such provisions, the Company may convey or transfer its properties and assets substantially as an entirety to another corporation organized and existing under the laws of the United States of America or any State or the District of Columbia which is
lawfully entitled to acquire the same; provided, however, that immediately after giving effect to such conveyance or transfer and to the receipt of the consideration therefore such other corporation shall be a Wholly-owned Subsidiary of the Company
and prior to such conveyance or transfer there shall have been filed with the Trustee an Officers’ Certificate to the effect that the requirements of this Section 803 will be complied with in connection with such conveyance or transfer.

  
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 Article IX 

Supplemental Indentures 

Section 901. Supplemental Indentures without Consent of Holders. 

Without the consent of any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to time,
may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 

(1) to evidence the succession of another corporation to the Company, and the assumption by such successor of the covenants of
the Company herein and in the Debt Securities contained; or 
 (2) to add to the covenants of the Company, for the benefit of
the Holders of all or any series of Debt Securities (and if such covenants are to be for the benefit of less than all series of Debt Securities, stating that such covenants are expressly being included solely for the benefit of such series) or any
coupons, to convey, transfer, assign, mortgage or pledge any property to or with the Trustee, or to surrender any right or power herein conferred upon the Company; or 

(3) to add any additional Events of Default (and if such Events of Default are to be applicable to less than all series of Debt
Securities, stating that such Events of Default are expressly being included solely to be applicable to such series); or 

(4) to add to, change or eliminate any of the provisions of this Indenture to provide that Bearer Securities may be registrable
as to principal, to change or eliminate any restrictions on the payment of principal of (or premium, if any, on) Registered Securities or of principal of (or premium, if any, on) or any interest on Bearer Securities, to permit Bearer Securities to
be issued in exchange for Registered Securities of other authorized denominations or to permit or facilitate the issuance of Debt Securities in uncertificated form, provided any such action shall not adversely affect the interests of the Holders of
Debt Securities of any series or any related coupons in any material respect; or 
 (5) to change or eliminate any of the
provisions of this Indenture, provided that any such change or elimination (a) shall become effective only when there is no Debt Security Outstanding of any series created prior to the execution of such supplemental indenture which is entitled
to the benefit of such provisions or (b) shall not apply to any Debt Security Outstanding; or 
 (6) to establish the
form or terms of Debt Securities of any series as permitted by Sections 201 and 301; or 
 (7) to secure the Debt Securities;
or 
 (8) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Debt
Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of
Section 611(b); or 
 (9) to cure any ambiguity, to correct or supplement any provision herein which may be defective or
inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture which shall not be inconsistent with any provision of this Indenture, provided such other provisions
shall not adversely affect the interests of the Holders of Debt Securities of any series or any related coupons in any material respect; or 

(10) to add to or change or eliminate any provision of this Indenture as shall be necessary or desirable in accordance with any
amendments to the Trust Indenture Act, provided such action shall not adversely affect the interest of Holders of Debt Securities of any series or any related coupons in any material respect. 

Section 902. Supplemental Indentures with Consent of Holders. 

With the consent of the Holders of not less than a majority in principal amount of the Outstanding Debt Securities of all series affected by
such supplemental indenture, acting together as a class, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental
hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights under this Indenture of the Holders of such Debt Securities of such series
and any related coupons; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Debt Security or coupon affected thereby, 

  
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 (1) change the Stated Maturity of the principal or any installment of
principal of, or any installment of interest on, any Debt Security, or reduce the principal amount thereof or the interest thereon or any premium payable upon redemption or repayment thereof, or change any obligation of the Company to pay additional
amounts pursuant to Section 1006 (except as contemplated by Section 801(1) and permitted by Section 901(1)), or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration
of acceleration of the Maturity thereof pursuant to Section 502, or change any Place of Payment, or the coin or currency in which any Debt Security or the interest thereon or any coupon is payable, or impair the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repayment, on or after the Redemption Date or Repayment Date, as the case may be), or 

(2) reduce the percentage in principal amount of the Outstanding Debt Securities of any series, the consent of whose Holders is
required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture,
or reduce the requirements of Section 1404 for quorum or voting, or 
 (3) modify any of the provisions of this Section,
Section 513 or Section 1009, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Debt Security affected
thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section and Section 1009, or the deletion
of this proviso, in accordance with the requirements of Section 611(b) and 901(8), or 
 (4) adversely affect the right
to repayment, if any, of Debt Securities of any series at the option of the Holders thereof. 
 A supplemental indenture which changes or
eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Debt Securities, or which modifies the rights of the Holders of Debt Securities of such series
with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Debt Securities of any other series. 

It shall not be necessary for any Act of Holders of the Debt Securities under this Section to approve the particular form of any proposed
supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 Section 903. Execution of
Supplemental Indentures. 
 In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this
Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of
such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this
Indenture or otherwise. 
 Section 904. Effect of Supplemental Indentures. 

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

Section 905. Conformity with Trust Indenture Act. 

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

 Section 906. Reference in Debt Securities to Supplemental Indentures. 

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

  
 37 

 Article X 

Covenants 

Section 1001. Payment of Principal, Premium and Interest. 

The Company covenants and agrees for the benefit of each series of Debt Securities and any appurtenant coupons that it will duly and
punctually pay the principal of (and premium, if any) and interest on the Debt Securities in accordance with the terms of the Debt Securities, any appurtenant coupons and this Indenture. Any interest due on Bearer Securities on or before Maturity,
other than additional amounts, if any, payable as provided in Section 1006 in respect of principal of (or premium, if any, on) such a Debt Security, shall be payable only upon presentation and surrender of the coupon or coupons for such
interest installments as are evidenced thereby as they severally mature. 
 Section 1002. Maintenance of Office or Agency. 

The Company will maintain in each Place of Payment for any series of Debt Securities an office or agency where Debt Securities (but, except as
otherwise provided below, unless such Place of Payment is located outside the United States, not Bearer Securities or coupons) may be presented or surrendered for payment, where Debt Securities may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Company in respect of the Debt Securities and this Indenture may be served. If Debt Securities of a series are issuable as Bearer Securities, the Company will maintain, subject to any laws or
regulations applicable thereto, an office or agency in a Place of Payment for such series which is located outside the United States where Debt Securities of such series and the related coupons may be presented and surrendered for payment (including
payment of any additional amounts payable on Debt Securities of such series pursuant to Section 1006); provided, however, that if the Debt Securities of such series are listed on a stock exchange located outside the United States and such stock
exchange shall so require, the Company will maintain a Paying Agent in any required city located outside the United States, as the case may be, so long as the Debt Securities of such series are listed on such exchange. The Company will give prompt
written notice to the Trustee of the location, and any change in the location, of any such office or agency. 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 or demands may be made or served at the Corporate Trust Office, and the Company hereby appoints
                                 its agent to receive all presentations,
surrenders, notices and demands, except that Bearer Securities of that series and the related coupons may be resented and surrendered for payment (including payment of any additional amounts payable on Bearer Securities of that series pursuant to
Section 1006) at the place specified for the purpose pursuant to Section 301(5). 
 No payment of principal of, or premium, if
any, or interest on Bearer Securities shall be made at any office or agency of the Company in the United States or by check mailed to any address in the United States or by transfer to an account maintained with a bank located in the United States;
provided, however, payment of principal of and any premium and interest (including additional amounts payable in respect thereof) on any Bearer Security denominated in Dollars may be made at an office or agency of, and designated by, the Company
located in the United States if (but only if) payment of the full amount of such principal, premium, interest or additional amounts in Dollars at all offices outside the United States maintained for the purpose by the Company in accordance with this
Indenture is illegal or effectively precluded by exchange controls or other similar restrictions and the Trustee receives an Opinion of Counsel that such payment within the United States is legal. Unless otherwise provided as contemplated by
Section 301 with respect to any series of Debt Securities, at the option of the Holder of any Bearer Security or related coupon, payment may be made by check in the currency designated for such payment pursuant to the terms of such Bearer
Security presented or mailed to an address outside the United States or by transfer to an account in such currency maintained by the payee with a bank located outside the United States. 

The Company may also from time to time designate one or more other offices or agencies (in or outside of such Place of Payment) where the Debt
Securities of one or more series and any related coupons (subject to the preceding paragraph) may be presented or surrendered for any or all such purposes, and may from time to time rescind such designations; provided, however, that no such
designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for any series of Debt Securities for such purposes. The Company will give prompt written notice to the
Trustee of any such designation and any change in the location of any such other office or agency. 
 Section 1003. Money for Debt
Securities Payments to Be Held in Trust. 
 If the Company shall at any time act as its own Paying Agent with respect to any series of
Debt Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Debt Securities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to
pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. 

  
 38 

 Whenever the Company shall have one or more Paying Agents with respect to any series of Debt
Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Debt Securities of such series, deposit with a Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest
so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to
act. 
 The Company will cause each Paying Agent with respect to any series of Debt Securities other than the Trustee to execute and deliver
to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will 

(1) hold all sums held by it for the payment of the principal of (and premium, if any) or interest on Debt Securities of such
series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 

(2) give the Trustee notice of any default by the Company (or any other obligor upon the Debt Securities of such series or any
appurtenant coupons) in the making of any payment of principal of (and premium, if any) or interest on the Debt Securities of such series; and 

(3) at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the
Trustee all sums so held in trust by such Paying Agent. 
 The Company may at any time, for the purpose of terminating its obligations under
this Indenture with respect to Debt Securities of any series or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the
Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such
money. 
 Any principal and interest received on the Government Obligations deposited with the Trustee or any money deposited with the
Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (and premium, if any) or interest on any Debt Security of any series or any money on deposit with the Trustee or any Paying Agent representing
amounts deducted from the Redemption Price or Repayment Price with respect to unmatured coupons not presented upon redemption or exercise of the Holder’s option for repayment pursuant to Section 1106 or 1303 and remaining unclaimed for two
years after such principal (and premium, if any) or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Debt Security or
any coupon appertaining thereto shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money (including the principal and
interest received on Government Obligations deposited with the Trustee), and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such
repayment, shall at the expense of the Company cause to be published once, in an Authorized Newspaper of general circulation in the Borough of Manhattan, The City of New York, and each Place of Payment or mailed to each such Holder, or both, notice
that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed balance of such money then remaining will be repaid to the Company. 

Section 1004. Corporate Existence. 

Subject to Article VIII, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its
corporate existence, rights (charter and statutory) and franchises, provided, however, that the Company shall not be required to preserve any such right or franchise if the Board of Directors shall determine that the preservation thereof is no
longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, and that the loss thereof is not disadvantageous in any material respect to the Holders. 

Section 1005. Maintenance of Properties. 

The Company will cause all properties used or useful in the conduct of its business or the business of any Subsidiary to be maintained and
kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may be
necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times, provided, however, that nothing in this Section shall prevent the Company from discontinuing the operation or maintenance of
any of such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the business of any Subsidiary and not disadvantageous in any material respect to the Holders. 

  
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 Section 1006. Payment of Additional Amounts. 

If the Debt Securities of a series provide for the payment of additional amounts, the Company will pay to the Holder of any Debt Security of
any series or any coupon appertaining thereto additional amounts upon the terms and subject to the conditions provided therein. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of (or premium, if any) or
interest on, or in respect of, any Debt Security of any series or the net proceeds received on the sale or exchange of any Debt Security of any series, such mention shall be deemed to include mention of the payment of additional amounts provided for
in the terms of such Debt Securities and this Section to the extent that, in such context, additional amounts are, were or would be payable in respect thereof pursuant to the provisions of this Section and express mention of the payment of
additional amounts (if applicable) in any provisions hereof shall not be construed as excluding additional amounts in those provisions hereof where such express mention is not made. 

If the Debt Securities of a series provide for the payment of additional amounts, at least 10 days prior to the first Interest Payment Date
with respect to that series of Debt Securities (or if the Debt Securities of that series will not bear interest prior to Maturity, the first day on which a payment of principal (and premium, if any) is made), and at least 10 days prior to each date
of payment of principal (and premium, if any) or interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company will furnish the Trustee and the Company’s principal
Paying Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of (and premium, if any) or interest on the Debt Securities
of that series shall be made to Holders of Debt Securities of that series or the related coupons who are United States Aliens without withholding for or on account of any tax, assessment or other governmental charge described in the Debt Securities
of that series. If any such withholding shall be required, then such Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Debt Securities or coupons and the Company will
pay to the Trustee or such Paying Agent the additional amounts, if any, required by the terms of such Debt Securities and the first paragraph of this Section. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them
harmless against, any loss, liability or expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished
pursuant to this Section. 
 Section 1007. Payment of Taxes. 

The Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, all material taxes, assessments
and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary, provided, however, that the Company shall not be required to pay or discharge or cause to be paid
or discharged any such tax, assessment or charge whose amount, applicability or validity is being contested in good faith by appropriate proceedings or where failure to pay or discharge any such tax, assessment or charge would not have a material
adverse effect on the Holders. 
 Section 1008. Officer’s Certificate as to Compliance. 

The Company will furnish to the Trustee not more than 120 days after the end of the Company’s fiscal year (in each year beginning with
                        ) a brief certificate from the principal executive, financial or accounting officer of the Company
as to his or her knowledge of the Company’s compliance with all conditions and covenants under this Indenture (such compliance to be determined without regard to any period of grace or requirement of notice provided under this Indenture), and,
if he or she has knowledge of any default, specifying each such default of which the signer has knowledge and the nature thereof. 

Section 1009. Statement by Officers as to Default. 

The Company shall deliver to the Trustee, as soon as possible and in any event within five days after the Company becomes aware of the
occurrence of any Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default, an Officers’ Certificate setting forth the details of such Event of Default or default and the action which
the Company proposes to take with respect thereto. 
 Section 1010. Waiver of Certain Covenants. 

The Company may omit in any particular instance to comply with any covenant or condition set forth in Sections 1004, 1005 and 1007 inclusive
with respect to the Debt Securities of any series or any other covenant or condition applicable to the Debt Securities of any series pursuant to Section 301 unless such covenant or condition is determined pursuant to Section 301 not to be
subject to this provision if, before the time for such compliance the Holders of at least a majority in principal amount of the Debt Securities at the time Outstanding to which such covenant or condition applies shall, acting together as a class by
Act of such Holders, either waive such compliance in such instance or generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and,
until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect. 

  
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 Section 1011. Calculation of Original Issue Discount. 

The Company shall file with the Trustee promptly at the end of each calendar year (1) a written notice specifying the amount of original
issue discount (including daily rates and accrual periods) accrued on Outstanding Debt Securities as of the end of such year and (2) such other specific information relating to such original issue discount as may then be relevant under the
Internal Revenue Code of 1986, as amended from time to time. 
 Article XI 

Redemption of Debt Securities 

Section 1101. Applicability of Article. 

Debt Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except
as otherwise specified as contemplated by Section 301 for Debt Securities of any series) in accordance with this Article. 

Section 1102. Election to Redeem; Notice to Trustee. 

The election of the Company to redeem any Debt Securities shall be evidenced by a Board Resolution. In case of any redemption at the election
of the Company of less than all of the Debt Securities of any series, the Company shall, at least 45 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee in writing
of such Redemption Date and of the principal amount and the tenor and terms of the Debt Securities of any series to be redeemed. In the case of any redemption of Debt Securities prior to the expiration of any restriction on such redemption provided
in the terms of such Debt Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction. 

Section 1103. Selection by Trustee of Debt Securities to be Redeemed. 

Except as otherwise specified as contemplated by Section 301 for Debt Securities of any series, if less than all the Debt Securities of
any series with like tenor and terms are to be redeemed, the particular Debt Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Debt Securities of such series with like
tenor and terms not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Debt Securities
of such series or any integral multiple thereof which is also an authorized denomination) of the principal amount of Registered Securities or Bearer Securities (if issued in more than one authorized denomination) of such series of a denomination
larger than the minimum authorized denomination for Debt Securities of such series. 
 The Trustee shall promptly notify the Company in
writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. 

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

Section 1104. Notice of Redemption. 

Notice of redemption shall be given in the manner provided in Section 106 not less than 30 nor more than 60 days prior to the Redemption
Date, to each Holder of Debt Securities to be redeemed. 
 All notices of redemption shall state: 

(1) the Redemption Date, 

(2) the Redemption Price, 

(3) if less than all Outstanding Debt Securities of any series are to be redeemed, the identification (and, in the case of
partial redemption, the principal amounts) of the particular Debt Securities to be redeemed, 

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

(5) the Place or Places of Payment where such Debt Securities, together in the case of Bearer Securities with all coupons, if
any, appertaining thereto maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price, 

(6) that Bearer Securities may be surrendered for payment only at such place or places which are outside the United States,
except as otherwise provided in Section 1002, 
 (7) that the redemption is for a sinking fund, if such is the case, and

 (8) the CUSIP number, if any. 

A notice of redemption published as contemplated by Section 106 need not identify particular Registered Securities to be redeemed. 

Notice of redemption of Debt Securities to be redeemed at the election of the Company shall be given by the Company, or, at the Company’s
request, by the Trustee in the name and at the expense of the Company. 
 Section 1105. Deposit of Redemption Price. 

On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own
Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money and/or Government Obligations the payments of principal and interest on which when due (and without reinvestment) will provide money on or prior to the
Redemption Date in such amounts as will (together with any money irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date)
accrued interest on, all the Debt Securities or portions thereof which are to be redeemed on that date; provided, however, that deposits with respect to Bearer Securities shall be made with a Paying Agent or Paying Agents located outside the United
States except as otherwise provided in Section 1002, unless otherwise specified as contemplated by Section 301. 

Section 1106. Debt Securities Payable on Redemption Date. 

Notice of redemption having been given as aforesaid, the Debt Securities to be redeemed shall, on the Redemption Date, become due and payable
at the Redemption Price therein specified and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Debt Securities shall cease to bear interest and the coupons for such interest
appertaining to any Bearer Securities so to be redeemed, except to the extent provided below, shall be void. Upon surrender of any such Debt Security for redemption in accordance with said notice, such Debt Security shall be paid by the Company at
the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that installments of interest on Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only upon presentation
and surrender of coupons for such interest (at an office or agency located outside the United States except as otherwise provided in Section 1002), and provided further, that installments of interest on Registered Securities whose Stated
Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Debt Securities, or one or more Predecessor Securities, registered as such on the relevant Record Dates according to their terms and the provisions of
Section 307. 
 If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant coupons maturing after
the Redemption Date, such Bearer Security may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the
Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Bearer Security shall surrender to the Trustee or any Paying Agent any such
missing coupon in respect of which a deduction shall have been made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted without interest thereon; provided, however, that interest represented by coupons shall be
payable only upon presentation and surrender of those coupons at an office or agency located outside of the United States except as otherwise provided in Section 1002. 

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

  
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 Section 1107. Debt Securities Redeemed in Part. 

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

Article XII 
 Sinking
Funds 
 Section 1201. Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of Debt Securities of a series except as otherwise
specified as contemplated by Section 301 for Debt Securities of such series. 
 The minimum amount of any sinking fund payment provided
for by the terms of Debt Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of Debt Securities of any series is herein referred
to an “optional sinking fund payment”. If provided for by the terms of Debt Securities of any series, the amount of any sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be
applied to the redemption of Debt Securities of any series as provided for by the terms of Debt Securities of such series. 

Section 1202. Satisfaction of Sinking Fund Payments with Debt Securities. 

The Company (1) may deliver Outstanding Debt Securities of a series (other than any previously called for redemption), together in the
case of any Bearer Securities of such series with all unmatured coupons appertaining thereto, and (2) may apply as a credit Debt Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such
Debt Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of
such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series; provided that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited
for such purpose by the Trustee at the Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery
or credit of Debt Securities in lieu of cash payments pursuant to this Section 1202, the principal amount of Debt Securities to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call
Debt Securities for redemption, except upon Company Request, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall
at the request of the Company from time to time pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Debt Securities purchased by the Company having an
unpaid principal amount equal to the cash payment requested to be released to the Company. 
 Section 1203. Redemption of Debt
Securities for Sinking Fund. 
 Not less than 45 days prior to each sinking fund payment date for any series of Debt Securities (unless
a shorter period shall be satisfactory to the Trustee), the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that series, the
portion thereof, if any, which is to be satisfied by payment of cash, the portion thereof, if any, which is to be satisfied by crediting Debt Securities of that series pursuant to Section 1202 and the basis for any such credit and, prior to or
concurrently with the delivery of such Officers’ Certificate, will also deliver to the Trustee any Debt Securities to be so credited and not theretofore delivered to the Trustee. Not less than 30 days (unless a shorter period shall be
satisfactory to the Trustee) before each such sinking fund payment date the Trustee shall select the Debt Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause notice of the redemption
thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given, the redemption of such Debt Securities shall be made upon the terms and in the manner stated in
Sections 1105, 1106 and 1107. 
 Article XIII 

Repayment at the Option of Holders 

Section 1301. Applicability of Article. 

Debt Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in
accordance with their terms and (except as otherwise specified pursuant to Section 301 for Debt Securities of such series) in accordance with this Article. 

  
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 Section 1302. Repayment of Debt Securities. 

Each Debt Security which is subject to repayment in whole or in part at the option of the Holder thereof on a Repayment Date shall be repaid
at the applicable Repayment Price together with interest accrued to such Repayment Date as specified pursuant to Section 301. 

Section 1303. Exercise of Option; Notice. 

Each Holder desiring to exercise such Holder’s option for repayment shall, as conditions to such repayment, surrender the Debt Security
to be repaid in whole or in part together with written notice of the exercise of such option at any office or agency of the Company in a Place of Payment, not less than 30 nor more than 45 days prior to the Repayment Date; provided, however, that
surrender of Bearer Securities together with written notice of exercise of such option shall be made at an office or agency located outside the United States except as otherwise provided in Section 1002. Such notice, which shall be irrevocable,
shall specify the principal amount of such Debt Security to be repaid, which shall be equal to the minimum authorized denomination for such Debt Security or an integral multiple thereof, and shall identify the Debt Security to be repaid and, in the
case of a partial repayment of the Debt Security, shall specify the denomination or denominations of the Debt Security or Debt Securities of the same series to be issued to the Holder for the portion of the principal of the Debt Security surrendered
which is not to be repaid. 
 If any Bearer Security surrendered for repayment shall not be accompanied by all unmatured coupons and all
matured coupons in default, such Bearer Security may be paid after deducting from the Repayment Price an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon or coupons may be waived by the Company and
the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Bearer Security shall surrender to the Trustee or any Paying Agent any such
missing coupon in respect of which a deduction shall have been made from the Repayment Price, such Holder shall be entitled to receive the amount so deducted without interest thereon; provided, however, that interest represented by coupons shall be
payable only at an office or agency located outside the United States except as otherwise provided in Section 1002. 
 The Company
shall execute and the Trustee shall authenticate and deliver without service charge to the Holder of any Registered Security so surrendered a new Registered Security or Securities of the same series, of any authorized denomination specified in the
foregoing notice, in an aggregate principal amount equal to any portion of the principal of the Registered Security so surrendered which is not to be repaid. 

The Company shall execute and the Trustee shall authenticate and deliver without service charge to the Holder of any Bearer Security so
surrendered a new Registered Security or Securities or new Bearer Security or Securities (and all appurtenant unmatured coupons and matured coupons in default) or any combination thereof of the same series of any authorized denomination or
denominations specified in the foregoing notice, in an aggregate principal amount equal to any portion of the principal of the Debt Security so surrendered which is not to be paid; provided, however, that the issuance of a Registered Security
therefor shall be subject to applicable laws and regulations, including provisions of the United States Federal income tax laws and regulations in effect at the time of the exchange; neither the Company, the Trustee nor the Security Registrar shall
issue Registered Securities for Bearer Securities if it has received an Opinion of Counsel that as a result of such issuance the Company would suffer adverse consequences under the United States Federal income tax laws then in effect and the Company
has delivered to the Trustee a Company Order directing the Trustee not to make such issuances thereafter unless and until the Trustee receives a subsequent Company Order to the contrary. The Company shall deliver copies of such Company Order to the
Security Registrar. 
 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the repayment
of Debt Securities shall relate, in the case of any Debt Security repaid or to be repaid only in part, to the portion of the principal of such Debt Security which has been or is to be repaid. 

Section 1304. Election of Repayment by Remarketing Entities. 

The Company may elect, with respect to Debt Securities of any series which are repayable at the option of the Holders thereof before their
Stated Maturity, at any time prior to any Repayment Date to designate one or more Remarketing Entities to purchase, at a price equal to the Repayment Price, Debt Securities of such series from the Holders thereof who give notice and surrender their
Debt Securities in accordance with Section 1303. 
 Section 1305. Securities Payable on the Repayment Date. 

Notice of exercise of the option of repayment having been given and the Debt Securities so to be repaid having been surrendered as aforesaid,
such Debt Securities shall, unless purchased in accordance with Section 1304, on the Repayment Date become due and payable at the price therein specified and from and after the Repayment Date such Debt Securities shall cease to bear interest
and shall be paid on the Repayment Date, and the coupons for such interest appertaining to Bearer Securities so to be repaid, 

  
 44 

 
except to the extent provided above, shall be void, unless the Company shall default in the payment of such price in which case the Company shall continue to be obligated for the principal amount
of such Debt Securities and shall be obligated to pay interest on such principal amount at the rate borne by such Debt Securities from time to time until payment in full of such principal amount. 

Article XIV 
 Meetings of
Holders of Debt Securities 
 Section 1401. Purposes for Which Meetings May Be Called. 

If Debt Securities of a series are issuable in whole or in part as Bearer Securities, a meeting of Holders of Debt Securities of such series
may be called at any time and from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other Act provided by this Indenture to be made, given or taken by Holders of
Debt Securities of such series. 
 Section 1402. Call, Notice and Place of Meetings. 

(a) The Trustee may at any time call a meeting of Holders of Debt Securities of any series issuable as Bearer Securities for
any purpose specified in Section 1401, to be held at such time and at such place in the Borough of Manhattan, The City of New York, or in London as the Trustee shall determine. Notice of every meeting of Holders of Debt Securities of any
series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 106, not less than 21 nor more than 180 days prior to the date
fixed for the meeting. 
 (b) In case at any time the Company, pursuant to a Board Resolution, or the Holders of at least 25%
in principal amount of the Outstanding Debt Securities of any series shall have requested the Trustee to call a meeting of the Holders of Debt Securities of such series for any purpose specified in Section 1401, by written request setting forth
in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have made the first publication of the notice of such meeting within 21 days after receipt of such request or shall not thereafter proceed to cause the
meeting to be held as provided herein, then the Company or the Holders of Debt Securities of such series in the amount above specified, as the case may be, may determine the time and the place in the Borough of Manhattan, The City of New York, or in
London for such meeting and may call such meeting for such purposes by giving notice thereof as provided in subsection (a) of this Section. 

Section 1403. Persons Entitled to Vote at Meetings. 

To be entitled to vote at any meeting of Holders of Debt Securities of any series, a Person shall be (1) a Holder of one or more
Outstanding Debt Securities of such series, or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Debt Securities of such series by such Holder or Holders. The only Persons who shall
be entitled to be present or to speak at any meeting of Holders of Debt Securities of any series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of
the Company and its counsel. 
 Section 1404. Quorum; Action. 

The Persons entitled to vote a majority in principal amount of the Outstanding Debt Securities of a series shall constitute a quorum for a
meeting of Holders of Debt Securities of such series. In the absence of a quorum within 30 minutes of the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Debt Securities of such series, be dissolved.
In the absence of a quorum in any other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairperson of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such
adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as determined by the chairperson of the meeting prior to the adjournment of such adjourned meeting. Notice of this reconvening of any adjourned
meeting shall be given as provided in Section 1402(a), except that such notice need be given only once not less than five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned
meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Debt Securities of such series which shall constitute a quorum. 

Except as limited by the proviso to Section 902, any resolution presented to a meeting or adjourned meeting duly reconvened at which a
quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of majority in principal amount of the Outstanding Debt Securities of that series, provided, however, that, except as limited by the proviso to
Section 902, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other Act which this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage, which
is less than a majority, in principal amount of the Outstanding Debt Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of
such specified percentage in principal amount of the Outstanding Debt Securities of that series. 

  
 45 

 Any resolution passed or decision taken at any meeting of Holders of Debt Securities of any
series duly held in accordance with this Section shall be binding on all the Holders of Debt Securities of such series and the related coupons, whether or not present or represented at the meeting. 

Section 1405. Determination of Voting Rights; Conduct and Adjournment of Meetings. 

(a) Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem
advisable for any meeting of Holders of Debt Securities of such series in regard to proof of the holding of Debt Securities of such series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the
submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such
regulations, the holding of Debt Securities shall be proved in the manner specified in Section 104 and the appointment of any proxy shall be proved in the manner specified in Section 104 or, in the case of Bearer Securities, by having the
signature of the person executing the proxy witnessed or guaranteed by any trust company, bank or banker authorized by Section 104 to certify to the holding of Bearer Securities. Such regulations may provide that written instruments appointing
proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 104 or other proof. 

(b) The Trustee shall, by an instrument in writing, appoint a temporary chairperson of the meeting, unless the meeting shall
have been called by the Company or by Holders of Debt Securities as provided in Section 1402(b), in which case the Company or the Holders of Debt Securities of the series calling the meeting, as the case may be, shall in like manner appoint a
temporary chairperson. A permanent chairperson and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Debt Securities of such series represented at the
meeting. 
 (c) At any meeting each Holder of a Debt Security of such series or proxy shall be entitled to one vote for each
$1,000 principal amount (or the equivalent in Euro, any other composite currency or a Foreign Currency) of Debt Securities of such series held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect
of any Debt Security challenged as not Outstanding and ruled by the chairperson of the meeting not to be Outstanding. The chairperson of the meeting shall have no right to vote, except as a Holder of a Debt Security of such series or proxy. 

(d) Any meeting of Holders of Debt Securities of any series duly called pursuant to Section 1402 at which a quorum is
present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Debt Securities of such series represented at the meeting; and the meeting may be held as so adjourned without further notice.

 Section 1406. Counting Votes and Recording Action of Meetings. 

The vote upon any resolution submitted to any meeting of Holders of Debt Securities of any series shall be by written ballots on which shall
be subscribed the signatures of the Holders of Debt Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Debt Securities of such series held or represented by them. The
permanent chairperson of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in
triplicate of all votes cast at the meeting. A record, at least in triplicate, of the proceedings of each meeting of Holders of Debt Securities of any series shall be prepared by the secretary of the meeting and there shall be attached to said
record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was given
as provided in Section 1402 and, if applicable, Section 1401. Each copy shall be signed and verified by the affidavits of the permanent chairperson and secretary of the meeting and one such copy shall be delivered to the Company, and
another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

Article XV 
 Defeasance

 Section 1501. Termination of Company’s Obligations. 

If this Section 1501 is specified, as contemplated by Section 301, to be applicable to any series of Debt Securities and if the
Company deposits irrevocably in trust with the Trustee money and/or Government Obligations the payments of principal and interest on which when due (and without reinvestment) will provide money in such amounts as will (together with any money
irrevocably 

  
 46 

 
deposited in trust with the Trustee, without investment) be sufficient to pay the principal of (and premium, if any) and any installment of principal of (and premium, if any) or interest when due
on the Debt Securities of such series and any coupons appertaining thereto on the Stated Maturity of such principal or interest or, if such series may be redeemed by the Company prior to the Stated Maturity thereof and the Company shall have given
irrevocable instructions to the Trustee to effect such redemption, at the date fixed for such redemption pursuant to Article XI, and any mandatory sinking fund, repayment or analogous payments thereon on the scheduled due dates therefor, the
Company’s obligations under Sections 801, 803, 1005 and 1007 and any other covenant determined pursuant to Section 301 to be subject to this Section shall terminate and Sections 501(4) (with respect to Sections 801, 803, 1005 and 1007),
501(5), 501(6) and 501(7) (if specified as contemplated by Section 301) shall be deemed not to be an Event of Default, in each case with respect to the Debt Securities of the series for which such deposit was made; provided, however, that
(i) no Event of Default with respect to the Debt Securities of such series under Section 501(5) or 501(6) or event that with notice or lapse of time or both would constitute such an Event of Default shall have occurred and be continuing on
the 91st day after such date, (ii) such deposit will not result in a breach of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound, and (iii) such
termination shall not relieve the Company of its obligations under the Debt Securities of such series and this Indenture to pay when due the principal of (and premium, if any) and interest and additional amounts on such Debt Securities if such
amounts are not paid (or payment is not provided for) when due from the money and Government Obligations (and the proceeds thereof) so deposited. 

It shall be a condition to the deposit of cash and/or Government Obligations and the termination of the Company’s obligations pursuant to
the provisions of this Section with respect to the Debt Securities of any series under Sections 801, 803, 1005 and 1007 and any other covenant determined pursuant to Section 301 to be subject to this Section and the inapplicability of the
Events of Default contained in Sections 501(4), 501(5), 501(6) and 501(7) to the extent set forth above pursuant to the provisions of this Section with respect to Debt Securities of any series that the Company deliver to the Trustee (i) an
Officers’ Certificate to the effect that under the laws in effect on the date such money and/or Government Obligations are deposited with the Trustee, the amount thereof will be sufficient, after payment of all Federal, state and local taxes in
respect thereof payable by the Trustee, to pay principal (and premium, if any) and interest when due on the Debt Securities of such series; and (ii) an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the defeasance contemplated in this Section have been complied with. 
 It shall be an additional
condition to the deposit of cash and/or Government Obligations and the termination of the Company’s obligations pursuant to the provisions of this Section under Sections 801, 803, 1005 and 1007 and any other covenant determined pursuant to
Section 301 to be subject to this Section and the inapplicability of the Events of Default contained in Section 501(4), 501(5), 501(6) and 501(7) to the extent set forth above pursuant to the provisions of this Section, with respect to the
Debt Securities of any series then listed on the New York Stock Exchange, that the Company deliver an Opinion of Counsel that the Debt Securities of such series will not be delisted from the New York Stock Exchange as a result of such deposit and
termination. 
 After a deposit as provided herein, the Trustee shall, upon Company Request, acknowledge in writing the discharge of the
Company’s obligations pursuant to the provisions of this Section with respect to the Debt Securities of such series under Sections 801, 803, 1005 and 1007 and any other covenant determined pursuant to Section 301 to be subject to this
Section and the inapplicability of the Events of Default contained in Sections 501(4), 501(5), 501(6) and 501(7) to the extent set forth above. 

Section 1502. Repayment to Company. 

The Trustee and any Paying Agent shall promptly pay to the Company upon Company Request any money or Government Obligations not required for
the payment of the principal of (and premium, if any) and interest on the Debt Securities of any series for which money or Government Obligations have been deposited pursuant to Section 1501 held by them at any time. 

The Trustee and any Paying Agent shall promptly pay to the Company upon Company Request any money held by them for the payment of principal
(and premium, if any) and interest that remains unclaimed for two years after the Maturity of the Debt Securities for which a deposit has been made pursuant to Section 1501. After such payment to the Company, the Holders of the Debt Securities
of such series and any related coupons shall thereafter, as unsecured general creditors, look only to the Company for the payment thereof. 

Section 1503. Indemnity for Government Obligations. 

The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the deposited
Government Obligations or the principal or interest received on such Government Obligations. 
 [Signature Page Follows] 

  
 47 

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

			
	SKYWATER TECHNOLOGY, INC.
		
	By	 	 
		 	Name:
		 	Title:

  

			
	 	 	, as Trustee

 
			
		
	 By
	 	 
		 	 Name:

		 	Title:

  
 48 

 EXHIBIT A-1 

[Form of Certificate of Beneficial Ownership by a Non-United States Person or by Certain Other Persons] Certificate 

SKYWATER TECHNOLOGY, INC. 

[Insert title or sufficient description of Debt Securities to be delivered] 

Reference is hereby made to the Indenture dated as of
                                 (the “Indenture”) between SkyWater
Technology, Inc. and                                  (the “Trustee”),
covering the above-captioned Debt Securities. This is to certify that as of the date hereof,                  principal amount of Debt Securities credited to you
for our account (i) is owned by persons that are not United States Persons, as defined below; (ii) is owned by United States Persons that are (a) foreign branches of United States financial institutions (as defined in U.S. Treasury
Regulations Section 1.165-12(c)(1)(v)) (“financial institutions”) purchasing for their own account or for resale, or (b) United States Persons who acquired the Debt Securities through foreign branches of United States financial
institutions and who hold the Debt Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such United States financial institution encloses herewith a certificate in the form of
Exhibit A-2 to the Indenture); or (iii) is owned by United States or foreign financial institutions for purposes of resale during the restricted period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), which United
States or foreign financial institutions described in clause (iii) above (whether or not also described in clause (i) or (ii)) certify that they have not acquired the Debt Securities for purposes of resale directly or indirectly to a
United States Person or to a person within the United States or its possessions. 
 [Insert if certificate does not relate to an interest
payment — We undertake to advise you by facsimile followed by written confirmation if the above statement as to beneficial ownership is not correct on the date of delivery of the above-captioned Debt Securities in bearer form as to all of such
Debt Securities with respect to such of said Debt Securities as then appear in your books as being held for our account.] We understand that this certificate is required in connection with United States tax laws. We irrevocably authorize you to
produce this certificate or a copy hereof to any interested party in any administrative or legal proceedings with respect to the matters covered by this certificate. “United States Person” shall mean a citizen or resident of the United
States of America (including the District of Columbia), a corporation, partnership or other entity created or organized in or under the laws of the United States or any political subdivision thereof or an estate the income of which is subject to
United States Federal income taxation regardless of its source, or a trust if a court within the United States is able to exercise primary supervision over its administration and one or more United States persons have the authority to control all of
its substantial decisions, or certain election trusts that were in existence on August 19, 1996, and were treated as democratic trusts on that date. 

[This certificate excepts and does not relate to principal amount of Debt Securities credited to you for our account and to which we are not
now able to make the certification set forth above. We understand that definitive Debt Securities cannot be delivered and interest cannot be paid until we are able to so certify with respect to such principal amount of Debt Securities.]* 

Dated:                      ,
         
 [To be dated on or after 

                         ,
         (the date 
 determined as provided in the 

Indenture)] 
  

			
	[Name of Person Entitled to Receive Bearer Security]
	
	 
	(Authorized Signatory)
		
	Name:	 	 
		
	Title:	 	 

  
  

	*	 Delete if inappropriate 

  
 A-1 

 EXHIBIT A-2 

[Form of Certificate of Status as a Foreign Branch of a United States Financial Institution] Certificate 

SKYWATER TECHNOLOGY, INC. 

[Insert title or sufficient description of Debt Securities to be delivered] 

Reference is hereby made to the Indenture dated as of
                             (the “Indenture”), SkyWater Technology, Inc. and
                             , relating to the offering of the above-captioned Debt Securities (the
“Debt Securities”). Unless herein defined, terms used herein have the same meaning as given to them in the Indenture. 
 The
undersigned represents that it is a branch located outside the United States of a United States securities clearing organization, bank or other financial institution (as defined in U.S. Treasury Regulation Section 1.165-12(c)(1)(v)) that holds
customers’ securities in the ordinary course of its trade or business and agrees, and authorizes you to advise the issuer or the issuer’s agent, that it will comply with the requirements of Section 165(j)(3)(A), (B) or
(C) of the Internal Revenue Code of 1986 and the regulations thereunder and is not purchasing for resale directly or indirectly to a United States Person or to a person within the United States or its possessions. We undertake to advise you by
tested telex followed by written confirmation if the statement in the immediately preceding sentence is not correct on the date of delivery of the above-captioned Debt Securities in bearer form. 

We understand that this certificate is required in connection with the United States tax laws. We irrevocably authorize you to produce this
certificate or a copy hereof to any interested party in any administrative or legal proceedings with respect to the matters covered by this certificate. 

Dated:                      ,
         
 [To be dated on or after 

                         ,
         (the date 
 determined as provided in the 

Indenture)] 
  

			
	[Name of Person Entitled to Receive Bearer Security]
	
	 
	(Authorized Signatory)
		
	Name:	 	 
		
	Title:	 	 

  
 A-2

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