Document:

Exhibit 4.3

      

      

      BANK7 CORP.

      

      

      TO

      ______________________,

      

      

      AS TRUSTEE

      

      

      INDENTURE

      

      

      DATED AS OF ___________________

      

      

      SENIOR DEBT SECURITIES

      

      

      
        
          

      

      TABLE OF CONTENTS

      

      

      	
              ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

            	
              1

            
	 	 	 
	 	
              Section 101 Definitions.

            	
              1

            
	 	
              Section 102 Compliance Certificates And Opinions.

            	
              8

              

            
	 	
              Section 103 Form Of Documents Delivered To Trustee.

            	
              8

            
	 	
              Section 104 Acts Of Holders.

            	
              8

            
	 	
              Section 105 Notices, Etc., To The Trustee And Company.

            	
              10

            
	 	
              Section 106 Notice To Holders; Waiver.

            	
              10

            
	 	
              Section 107 Effect Of Headings And Table Of Contents.

            	
              11

            
	 	
              Section 108 Successors And Assigns.

            	
              11

            
	 	
              Section 109 Separability Clause.

            	
              11

            
	 	
              Section 110 Benefits Of Indenture.

            	
              11

            
	 	
              Section 111 No Personal Liability.

            	
              12

            
	 	
              Section 112 Governing Law; Waiver of Trial by Jury.

            	
              12

            
	 	
              Section 113 Legal Holidays.

            	
              12

            
	 	 	 
	
              ARTICLE TWO SECURITIES FORMS

            	
              12

            
	 	 	 
	 	
              Section 201 Forms Of Securities.

            	
              12

            
	 	
              Section 202 Form Of Trustee’s Certificate Of Authentication.

            	
              13

            
	 	
              Section 203 Securities Issuable In Global Form.

            	
              13

            
	 	 	 
	
              ARTICLE THREE THE SECURITIES

            	
              14

            
	 	 	 
	 	
              Section 301 Amount Unlimited; Issuable In Series.

            	
              14

            
	 	
              Section 302 Denominations.

            	
              17

            
	 	
              Section 303 Execution, Authentication, Delivery And Dating.

            	
              17

            
	 	
              Section 304 Temporary Securities.

            	
              18

            
	 	
              Section 305 Registration, Registration Of Transfer And Exchange.

            	
              20

            
	 	
              Section 306 Mutilated, Destroyed, Lost And Stolen Securities.

            	
              22

            
	 	
              Section 307 Payment Of Interest; Interest Rights Preserved.

            	
              23

            
	 	
              Section 308 Persons Deemed Owners.

            	
              25

            
	 	
              Section 309 Cancellation.

            	
              25

            
	 	
              Section 310 Computation Of Interest.

            	
              25

            
	 	
              Section 311 Cusip Numbers.

            	
              26

            
	 	 	 
	
              ARTICLE FOUR SATISFACTION AND DISCHARGE

            	
              26

            
	 	 	 
	 	
              Section 401 Satisfaction And Discharge Of Indenture.

            	
              26

            
	 	
              Section 402 Application Of Trust Funds.

            	
              27

            
	 	 	 
	
              ARTICLE FIVE REMEDIES

            	
              27

            
	 	 	 
	 	
              Section 501 Events Of Default.

            	
              27

            
	 	
              Section 502 Acceleration Of Maturity; Rescission And Annulment.

            	
              28

            
	 	
              Section 503 Collection Of Indebtedness And Suits For Enforcement By Trustee.

            	
              29

            
	 	
              Section 504 Trustee May File Proofs Of Claim.

            	
              30

            
	 	
              Section 505 Trustee May Enforce Claims Without Possession Of Securities Or Coupons.

            	
              30

            
	 	
              Section 506 Application Of Money Collected.

            	
              31

            
	 	
              Section 507 Limitation On Suits.

            	
              31

            

      

      

      
        i

        
          

      

      	 	
              Section 508 Unconditional Right Of Holders To Receive Principal, Premium Or Make-Whole Amount, If Any, Interest And Additional Amounts.

            	
              31

            
	 	
              Section 509 Restoration Of Rights And Remedies.

            	
              32

            
	 	
              Section 510 Rights And Remedies Cumulative.

            	
              32

            
	 	
              Section 511 Delay Or Omission Not Waiver.

            	
              32

            
	 	
              Section 512 Control By Holders Of Securities.

            	
              32

            
	 	
              Section 513 Waiver Of Past Defaults.

            	
              32

            
	 	
              Section 514 Waiver Of Stay, Usury Or Extension Laws.

            	
              33

            
	 	
              Section 515 Undertaking For Costs.

            	
              33

            
	 	 	 
	
              ARTICLE SIX THE TRUSTEE

            	
              33

            
	 	 	 
	 	
              Section 601 Notice Of Defaults.

            	
              33

            
	 	
              Section 602 Certain Duties, Responsibilities And Rights Of Trustee.

            	
              33

            
	 	
              Section 603 Not Responsible For Recitals Or Issuance Of Securities.

            	
              35

            
	 	
              Section 604 May Hold Securities.

            	
              35

            
	 	
              Section 605 Money Held In Trust.

            	
              35

            
	 	
              Section 606 Compensation And Reimbursement.

            	
              35

            
	 	
              Section 607 Corporate Trustee Required; Eligibility.

            	
              36

            
	 	
              Section 608 Resignation And Removal; Appointment Of Successor.

            	
              36

            
	 	
              Section 609 Acceptance Of Appointment By Successor.

            	
              37

            
	 	
              Section 610 Merger, Conversion, Consolidation Or Succession To Business.

            	
              38

            
	 	
              Section 611 Appointment Of Authenticating Agent.

            	
              38

            
	 	
              Section 612 Certain Duties And Responsibilities.

            	
              39

            
	 	
              Section 613 Conflicting Interests.

            	
              39

            
	 	
              Section 614 Preferential Collection Of Claims Against Company.

            	
              39

            
	 	 	 
	
              ARTICLE SEVEN HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

            	
              40

            
	 	 	 
	 	
              Section 701 Disclosure Of Names And Addresses Of Holders.

            	
              40

            
	 	
              Section 702 Reports By Trustee.

            	
              40

            
	 	
              Section 703 Reports By Company.

            	
              40

            
	 	
              Section 704 Company To Furnish Trustee Names And Addresses Of Holders.

            	
              40

            
	 	 	 
	
              ARTICLE EIGHT CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE

            	
              41

            
	 	 	 
	 	
              Section 801 Consolidations And Mergers Of Company And Sales, Leases And Conveyances Permitted Subject To Certain Conditions.

            	
              41

            
	 	
              Section 802 Rights And Duties Of Successor Corporation.

            	
              41

            
	 	
              Section 803 Officers’ Certificate And Opinion Of Counsel.

            	
              42

            
	 	 	 
	
              ARTICLE NINE SUPPLEMENTAL INDENTURES

            	
              42

            
	 	 	 
	 	
              Section 901 Supplemental Indentures Without Consent Of Holders.

            	
              42

            
	 	
              Section 902 Supplemental Indentures With Consent Of Holders.

            	
              43

            
	 	
              Section 903 Execution Of Supplemental Indentures.

            	
              44

            
	 	
              Section 904 Effect Of Supplemental Indentures.

            	
              44

            
	 	
              Section 905 Conformity With Trust Indenture Act.

            	
              44

            
	 	
              Section 906 Reference In Securities To Supplement Indentures.

            	
              44

            
	 	
              Section 907 Notice Of Supplemental Indentures.

            	
              45

            
	 	 	 
	
              ARTICLE TEN COVENANTS

            	
              45

            
	 	 	 
	 	
              Section 1001 Payment Of Principal, Premium Or Make-Whole Amount, If Any, Interest And Additional Amounts.

            	
              45

            

      

      

      
        ii

        
          

      

      	 	
              Section 1002 Maintenance Of Office Or Agency.

            	
              45

            
	 	
              Section 1003 Money For Securities Payments To Be Held In Trust.

            	
              46

            
	 	
              Section 1004 Existence.

            	
              47

            
	 	
              Section 1005 Statement As To Compliance.

            	
              47

            
	 	
              Section 1006 Additional Amounts.

            	
              47

            
	 	
              Section 1007 Waiver Of Certain Covenants.

            	
              48

            
	 	 	 
	
              ARTICLE ELEVEN REDEMPTION OF SECURITIES

            	
              48

            
	 	 	 
	 	
              Section 1101 Applicability Of Article.

            	
              48

            
	 	
              Section 1102 Election To Redeem; Notice To Trustee.

            	
              48

            
	 	
              Section 1103 Selection By Trustee Of Securities To Be Redeemed.

            	
              49

            
	 	
              Section 1104 Notice Of Redemption.

            	
              49

            
	 	
              Section 1105 Deposit Of Redemption Price.

            	
              50

            
	 	
              Section 1106 Securities Payable On Redemption Date.

            	
              50

            
	 	
              Section 1107 Securities Redeemed In Part.

            	
              51

            
	 	 	 
	
              ARTICLE TWELVE SINKING FUNDS

            	
              51

            
	 	 	 
	 	
              Section 1201 Applicability Of Article.

            	
              51

            
	 	
              Section 1202 Satisfaction Of Sinking Fund Payments With Securities.

            	
              51

            
	 	
              Section 1203 Redemption Of Securities For Sinking Fund.

            	
              52

            
	 	 	 
	
              ARTICLE THIRTEEN REPAYMENT AT THE OPTION OF HOLDERS

            	
              52

            
	 	 	 
	 	
              Section 1301 Applicability Of Article.

            	
              52

            
	 	
              Section 1302 Repayment Of Securities.

            	
              52

            
	 	
              Section 1303 Exercise Of Option.

            	
              53

            
	 	
              Section 1304 When Securities Presented For Repayment Become Due And Payable.

            	
              53

            
	 	
              Section 1305 Securities Repaid In Part.

            	
              54

            
	 	 	 
	
              ARTICLE FOURTEEN DEFEASANCE AND COVENANT DEFEASANCE

            	
              54

            
	 	 	 
	 	
              Section 1401 Applicability Of Article; Company’s Option To Effect Defeasance Or Covenant Defeasance.

            	
              54

            
	 	
              Section 1402 Defeasance And Discharge.

            	
              54

            
	 	
              Section 1403 Covenant Defeasance.

            	
              54

            
	 	
              Section 1404 Conditions To Defeasance Or Covenant Defeasance.

            	
              55

            
	 	
              Section 1405 Deposited Money And Government Obligations To Be Held In Trust; Other Miscellaneous Provisions.

            	
              56

            
	 	
              Section 1406 Reinstatement.

            	
              57

            
	 	
              Section 1407 Qualifying Trustee.

            	
              57

            
	 	 	 
	
              ARTICLE FIFTEEN MEETINGS OF HOLDERS OF SECURITIES

            	
              57

            
	 	 	 
	 	
              Section 1501 Purposes For Which Meetings May Be Called.

            	
              57

            
	 	
              Section 1502 Call, Notice And Place Of Meetings.

            	
              58

            
	 	
              Section 1503 Persons Entitled To Vote At Meetings.

            	
              58

            
	 	
              Section 1504 Quorum; Action.

            	
              58

            
	 	
              Section 1505 Determination Of Voting Rights; Conduct And Adjournment Of Meetings.

            	
              59

            
	 	
              Section 1506 Counting Votes And Recording Action Of Meetings.

            	
              60

              

            
	 	
              Section 1507 Evidence Of Action Taken By Holders.

            	
              60

            
	 	
              Section 1508 Proof Of Execution Of Instruments.

            	
              60

            

      

      

      
        iii

        
          

      

      	
              ARTICLE SIXTEEN CONVERSION OR EXCHANGE OF SECURITIES

            	
              60

            
	 	 	 
	 	
              Section 1601 Applicability Of Article.

            	
              60

            
	 	
              Section 1602 Election To Exchange; Notice To Trustee And Holders.

            	
              60

            
	 	
              Section 1603 No Fractional Shares.

            	
              61

            
	 	
              Section 1604 Adjustment Of Exchange Rate.

            	
              61

            
	 	
              Section 1605 Payment Of Certain Taxes Upon Exchange.

            	
              61

            
	 	
              Section 1606 Shares Free And Clear.

            	
              61

            
	 	
              Section 1607 Cancellation Of Security.

            	
              61

            
	 	
              Section 1608 Duties Of Trustee Regarding Exchange.

            	
              62

            
	 	
              Section 1609 Repayment Of Certain Funds Upon Exchange.

            	
              62

            
	 	
              Section 1610 Exercise Of Conversion Privilege.

            	
              62

            
	 	
              Section 1611 Effect Of Consolidation Or Merger On Conversion Privilege.

            	
              63

            

      

      

      
        iv

        
          

      

      BANK7 CORP.

      

      

      Reconciliation and tie between Trust Indenture Act of 1939, as amended (the “TIA”), and Indenture, dated as of _______________.

      

      

      	
              
                Trust Indenture Act Section

              

            	 	
              Indenture Section

            	 
	
              Section 310(a)(1)

            	 	 	
              607

            	 
	
              Section 310(a)(2)

            	 	 	
              607

            	 
	
              Section 310(b)

            	 	 	
              607

            	 
	
              Section 312(c)

            	 	 	
              701

            	 
	
              Section 314(a)

            	 	 	
              703

            	 
	
              Section 314(a)(4)

            	 	 	
              1010

            	 
	
              Section 314(c)(1)

            	 	 	
              102

            	 
	
              Section 314(c)(2)

            	 	 	
              102

            	 
	
              Section 314(e)

            	 	 	
              102

            	 
	
              Section 315(b)

            	 	 	
              601

            	 
	
              Section 316(a)(last sentence)

            	 	
              

              

            	
              101 (“Outstanding”)

            	 
	
              Section 316(a)(1)(A)

            	 	 	
              502, 512

            	 
	
              Section 316(a)(1)(B)

            	 	 	
              513

            	 
	
              Section 316(b)

            	 	 	
              508

            	 
	
              Section 317(a)(1)

            	 	 	
              503

            	 
	
              Section 317(a)(2)

            	 	 	
              504

            	 
	
              Section 318(a)

            	 	 	
              112

            	 
	
              Section 318(c)

            	 	 	
              112

            	 

      

      

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

      

      

      Attention should also be directed to Section 318(c) of the TIA, which provides that the provisions of Sections 310 to and including 317 of the TIA are a part of and govern every qualified indenture, whether or not physically contained therein.

      

      

      
        
          

      

      INDENTURE

      

      

      INDENTURE, dated as of _____________, between BANK7 CORP., an Oklahoma corporation (hereinafter called the “Company”), having its principal office at 1039 N.W. 63rd Street, Oklahoma City, Oklahoma 73116 and ________________________, as Trustee hereunder (hereinafter called the “Trustee”), having its address as _________________________.

      

      

      RECITALS OF THE COMPANY

      

      

      The Company deems it necessary to issue from time to time for its lawful purposes senior debt securities (hereinafter called the “Securities”) evidencing its unsecured and unsubordinated
        indebtedness, and has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of the Securities, unlimited as to aggregate principal amount, to bear interest at the rates or formulas, to mature at
        such times and to have such other provisions as shall be fixed therefor as hereinafter provided.

      

      

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

      

      

      NOW, THEREFORE, THIS INDENTURE WITNESSETH:

      

      

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

      

      

      ARTICLE ONE

      DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

      

      

      Section 101 Definitions.

      

      

      For all purposes of this Indenture, except as otherwise expressly provided or 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, either directly or by reference therein, have the meanings assigned to them therein, and the terms “cash transaction”
        and “self- liquidating paper,” as used in the Trust Indenture Act, shall have the meanings assigned to them in the rules of the Commission adopted under the Trust Indenture Act;

      

      

      (3) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles; 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 Three, Article Five, Article Six and Article Ten, are defined in those Articles. In addition, the following terms shall have the indicated respective
        meanings:

      

      

      “Act” has the meaning specified in Section 104.

      

      

      “Additional Amounts” means any additional amounts which are required by a Security, under circumstances specified therein, to be paid by the Company in respect of certain taxes imposed on certain
        Holders and which are owing to such Holders in order that they receive the amount they would have received as if such taxes had not been imposed.

      

      

      
        1

        
          

      

      “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 authenticating agent appointed by the Trustee pursuant to Section 611.

      

      

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

      

      

      “Bankruptcy Law” has the meaning specified in Section 501.

      

      

      “Bearer Security” means a Security issued hereunder which is payable to bearer.

      

      

      “Board of Directors” means the board of directors of the Company or any committee of that board duly authorized to act for it 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 or a committee thereof, and
        to be in full force and effect on the date of such certification, and delivered to the Trustee.

      

      

      “Business Day,” when used with respect to any Place of Payment or any other particular location referred to in this Indenture or in the Securities, means, unless otherwise specified with respect to
        any Securities pursuant to Section 301, any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions in that Place of Payment or particular location are authorized or required by law, regulation
        or executive order to close.

      

      

      “Capital Stock” means, with respect to any Person, any and all shares of stock of a corporation, partnership interests, limited liability company interests or other equivalent interests (however
        designated, whether voting or non-voting) in such Person’s equity, entitling the holder to receive a share of the profits and losses, and a distribution of assets, after liabilities, of such Person, or any other participations, rights, warrants,
        options or other interests in the nature of an equity interest, including, without limitation, voting interests, in such Person, including, without limitation, preferred stock and any debt security convertible or exchangeable into such equity
        interest.

      

      

      “Clearstream” means Clearstream Banking, S.A., or its successor.

      

      

      “Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or, if at any time after 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.

      

      

      “Common Depository” has the meaning specified in Section 304(b).

      

      

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

      

      

      “Company Request” and “Company Order” mean, respectively, a written request or order signed in the name of the Company by a Chief Executive Officer, President or Vice President of the Company, and
        by the Chief Financial Officer, Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Company, and delivered to the Trustee.

      

      

      
        2

        
          

      

      “Conversion Event” means the cessation of use of (i) a Foreign Currency (other than as otherwise provided with respect to a Security pursuant to Section 301) as provided by the government of the
        country which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (ii) any currency unit (or composite currency) for the purposes for which
        it was established.

      

      

      “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall principally be administered, which office at the date hereof is located
        at ______________________________, Attn: Corporate Trust, 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).

      

      

      “Corporation” includes corporations, associations, companies and business trusts.

      

      

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

      

      

      “Custodian” has the meaning set forth in Section 501.

      

      

      “Defaulted Interest” has the meaning specified in Section 307.

      

      

      “Depository” when used with respect to the Securities of or within any series issuable or issued in whole or in part in global form, means the Person designated as Depository by the Company
        pursuant to Section 301 until a successor Depository shall have become such pursuant to the applicable provisions of this Indenture, and thereafter shall mean or include each Person which is then a Depository hereunder, and if at any time there is
        more than one such Person, shall be a collective reference to such Persons.

      

      

      “Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United States of America as at the time shall be legal tender for payment of public and private debts.

      

      

      “DTC” means The Depository Trust Company.

      

      

      “Euroclear” means Euroclear Bank, S.A./N.V., as operator of the Euroclear system.

      

      

      “Event of Default” has the meaning specified in Section 501.

      

      

      “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder by the Commission.

      

      

      “Exchange Rate Agent” unless otherwise specified with respect to Securities of or within any series pursuant to Section 301, means a bank designated as such in accordance with Section 301 (which
        may include any such bank acting as Trustee).

      

      

      “Exchange Rate Officer’s Certificate” means a certificate in the form attached as Exhibit B setting forth (i) the applicable market exchange rate or the applicable bid quotation and (ii) the Dollar
        or Foreign Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate basis and on the basis of a Security having the lowest denomination principal amount in the relevant currency or currency unit), payable with
        respect to a Security of any series on the basis of such market exchange rate or the applicable bid quotation, signed by the Chief Financial Officer, Treasurer, or any Vice President of the Company.

      

      

      “Expiration Date” means any date designated as such pursuant to Section 104(h) hereof.

      

      

      
        3

        
          

      

      “Foreign Currency” means any currency, currency unit or composite currency issued by the government of one or more countries other than the United States of America or by any recognized
        confederation or association of such governments.

      

      

      “GAAP” means generally accepted accounting principles as used in the United States applied on a consistent basis as in effect from time to time; provided that solely for purposes of any calculation
        required by the financial covenants contained herein, “GAAP” shall mean generally accepted accounting principles as used in the United States on the date hereof, applied on a consistent basis.

      

      

      “Government Obligations” means securities which are (i) direct obligations of the United States of America or, if specified as contemplated by Section 301, the government which issued the Foreign
        Currency in which the Securities of a particular series are payable, for the payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United
        States of America or, if specified as contemplated by Section 301, such government which issued the Foreign Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed as a full faith and credit
        obligation by the United States of America or such other government, which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as
        custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as
        required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of
        interest on or principal of the Government Obligation evidenced by such depository receipt.

      

      

      “Holder” means, in the case of a Registered Security, the Person in whose name a Security is registered in the Security Register and, in the case of a Bearer Security, the bearer thereof and, when
        used with respect to any coupon, shall mean the bearer thereof.

      

      

      “Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the
        applicable provisions hereof, and shall include the terms of particular series of Securities established as contemplated by Section 301; provided, however, that, if at any time more than one Person is acting as Trustee under this instrument,
        “Indenture” shall mean, with respect to any one or more series of Securities for which such Person is Trustee, this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental
        hereto entered into pursuant to the applicable provisions hereof and shall include the terms of the or those particular series of Securities for which such Person is Trustee established as contemplated by Section 301, exclusive, however, of any
        provisions or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms or provisions were adopted, and exclusive of any provisions or terms adopted by means of one or more
        indentures supplemental hereto executed and delivered after such Person had become such Trustee but to which such Person, as such Trustee, was not a party.

      

      

      “Indexed Security” means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original
        issuance.

      

      

      “Interest” when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, shall mean interest payable after Maturity, and, when used with
        respect to a Security which provides for the payment of Additional Amounts pursuant to Section 1101, includes such Additional Amounts.

      

      

      “Interest Payment Date” means, when used with respect to any Security, the Stated Maturity of an installment of interest on such Security.

      

      

      “Make-Whole Amount” means the amount, if any, in addition to principal which is required by a Security, under the terms and conditions specified therein or as otherwise specified as contemplated by
        Section 301, to be paid by the Company to the Holder thereof in connection with any optional redemption or accelerated payment of such Security.

      

      

      
        4

        
          

      

      “Maturity” means, when used with respect to any Security, the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided,
        whether at the Stated Maturity or by declaration of acceleration, notice of redemption, notice of option to elect repayment, repurchase or otherwise.

      

      

      “Officers’ Certificate” means a certificate signed by a Chief Executive Officer, President or Vice President and by the Chief Financial Officer, Treasurer, an Assistant Treasurer, 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 be an employee of or counsel for the Company or other counsel satisfactory to the Trustee.

      

      

      “Original Issue Discount Security” means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity
        thereof pursuant to Section 502.

      

      

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

      

      

      (i) Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation;

      

      

      (ii) Securities, or portions thereof, for whose payment or redemption or repayment at the option of the Holder money in the necessary amount and the required currency 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 Securities and any coupons appertaining
        thereto; provided that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or other provision therefor satisfactory to the Trustee has been made;

      

      

      (iii) Securities, except solely to the extent provided in Section 1402 or Section 1403, as applicable, with respect to which the Company has effected defeasance and/or covenant defeasance as
        provided in Article Fourteen;

      

      

      (iv) Securities which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than
        any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Company; and

      

      

      (v) Securities converted or exchanged into other securities or property of the Company pursuant to or in accordance with this Indenture if the terms of such Securities provide for convertibility
        or exchange pursuant to Section 301; provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver
        hereunder or are present at a meeting of Holders for quorum purposes, and for the purpose of making the calculations required by Trust Indenture Act Section 313, (i) the principal amount of an Original Issue Discount Security that may be counted in
        making such determination or calculation and that shall be deemed to be Outstanding for such purpose shall be equal to the amount of principal thereof that would be (or shall have been declared to be) due and payable, at the time of such
        determination, upon a declaration of acceleration of the maturity thereof pursuant to Section 502, (ii) the principal amount of any Security denominated in a Foreign Currency that may be counted in making such determination or calculation and that
        shall be deemed Outstanding for such purpose shall be equal to the Dollar equivalent, determined pursuant to Section 301 as of the date such Security is originally issued by the Company as set forth in an Exchange Rate Officer’s Certificate
        delivered to the Trustee, of the principal amount (or, in the case of an Original Issue Discount Security, the Dollar equivalent as of such date of original issuance of the amount determined as provided in clause (i) above) of such Security, (iii)
        the principal amount of any Indexed Security that may be counted in making such determination or calculation and that shall be deemed outstanding for such purpose shall be equal to the principal face amount of such Indexed Security at original
        issuance, unless otherwise provided with respect to such Indexed Security pursuant to Section 301, and (iv) Securities owned by the Company or any other obligor upon the 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 making such calculation or in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only
        Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of
        the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor.

      

      

      
        5

        
          

      

      “Paying Agent” means any Person authorized by the Company to pay the principal of (and premium or Make-Whole Amount, if any), interest or any other payments on any Securities, or coupons on behalf
        of the Company, or if no such Person is authorized, the Company.

      

      

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

      

      

      “Place of Payment” means, when used with respect to the Securities of or within any series, the place or places where the principal of (and premium or Make-Whole Amount, if any), interest and any
        other payment on such Securities are payable as specified or as contemplated by Section 301 and Section 1102.

      

      

      “Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of
        this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security or a Security to which a mutilated, destroyed, lost or stolen coupon appertains shall be
        deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security or the Security to which the mutilated, destroyed, lost or stolen coupon appertains.

      

      

      “Redemption Date” means, when used with respect to any security to be redeemed in whole or in part, the date fixed for such redemption by or pursuant to this Indenture.

      

      

      “Redemption Price” means, when used with respect to any Security to be redeemed in whole or in part, the price at which it is to be redeemed pursuant to this Indenture.

      

      

      “Registered Security” means any Security which is registered in the Security Register.

      

      

      “Regular Record Date” for the installment of interest payable on any Interest Payment Date on the Registered Securities of or within any series means the date specified for that purpose as
        contemplated by Section 301, whether or not a Business Day.

      

      

      “Repayment Date” means, when used with respect to any Security to be repaid or repurchased at the option of the Holder, the date fixed for such repayment or repurchase by or pursuant to this
        Indenture.

      

      

      “Repayment Price” means, when used with respect to any Security to be repaid or purchased at the option of the Holder, the price at which it is to be repaid or repurchased pursuant to this
        Indenture.

      

      

      “Responsible Officer” means, with respect to the Trustee, any officer within the Corporate Trust Office including any vice president, assistant vice president, managing director, assistant
        treasurer, secretary, assistant secretary or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and having direct responsibility for the administration of this
        Indenture, and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject.

      

      

      “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder by the Commission.

      

      

      
        6

        
          

      

      “Security” has the meaning stated in the first recital of this Indenture and, more particularly, means any Security or Securities authenticated and delivered under this Indenture; provided,
        however, that if at any time there is more than one Person acting as Trustee under this Indenture, “Securities” with respect to the Indenture as to which such Person is Trustee shall have the meaning stated in the first recital of this Indenture
        and shall more particularly mean Securities authenticated and delivered under this Indenture, exclusive, however, of Securities of or within any series as to which such Person is not Trustee.

      

      

      “Security Register” and “Security Registrar” have the respective meanings specified in Section 305.

      

      

      “Significant Subsidiary” means any Subsidiary which is a “significant subsidiary” (within the meaning of Regulation S-X, promulgated under the Securities Act, as such regulation is in effect on the
        date of execution of this Indenture) of the Company.

      

      

      “Special Record Date” for the payment of any Defaulted Interest on the Registered Securities of or within any series means a date fixed by the Trustee pursuant to Section 307.

      

      

      “Stated Maturity” means, when used with respect to any Security or any installment of principal thereof or interest thereon, the date specified in such Security or a coupon representing such
        installment of interest as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable.

      

      

      “Subsidiary” means, with respect to any Person, any corporation, association, partnership, limited liability company, trust or other business entity of which more than 50% of the outstanding Voting
        Securities or other interests (including partnership interests) is owned or controlled, directly or indirectly, by such Person and one or more Subsidiaries of such Person (or a combination thereof).

      

      

      “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939, as amended and as in force at the date as of which this Indenture was executed, except as provided in Section 905.

      

      

      “Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture 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; provided, however, that if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of or within any series shall
        mean only the Trustee with respect to the Securities of that series.

      

      

      “United States” means, unless otherwise specified with respect to any Securities pursuant to Section 301, the United States of America (including the states and the District of Columbia), its
        territories, its possessions and other areas subject to its jurisdiction.

      

      

      “United States person” means, unless otherwise specified with respect to any Securities pursuant to Section 301, an individual who is a citizen or resident of the United States, a corporation,
        partnership or other entity created or organized in or under the laws of the United States or any state or the District of Columbia or an estate or trust the income of which is subject to United States federal income taxation regardless of its
        source.

      

      

      “Voting Securities” means, with respect to any Person, Capital Stock of any class or kind or any other interest in a Person, however designated, ordinarily having the power to vote for the election
        of directors, managers, trustees or other voting members of the governing body of such Person.

      

      

      “Yield to Maturity” means the yield to maturity, computed at the time of issuance of a Security (or, if applicable, at the most recent predetermination of interest on such Security) and as set
        forth in such Security in accordance with generally accepted United States bond yield computation principles.

      

      

      
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      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 an Officers’ Certificate stating
        that all conditions precedent, if any, provided for in this Indenture (including covenants, compliance with which constitute conditions precedent) 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 (excluding certificates delivered pursuant to Section 1010) shall include:

      

      

      (1) a statement that each individual signing such certificate or opinion has read such condition or covenant 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 has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such
        condition or covenant 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.

      

      

      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 as 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 an Opinion of Counsel, or a certificate or representations by counsel, unless such
        officer knows, or in the exercise of reasonable care should know, that the opinion, certificate or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such Opinion of Counsel or certificate
        or representations 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 as to such factual matters is in the possession
        of the Company, unless such counsel knows that the certificate or opinion or representations as to such matters are erroneous.

      

      

      Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need
        not, be consolidated and form one instrument.

      

      

      Section 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 of the Outstanding Securities of all series or
        one or more series, as the case may be, may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agents duly appointed in writing. If Securities of a series are issuable 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 of Securities of such series may, alternatively, be embodied in and evidenced by
        the record of Holders of Securities of such series voting in favor thereof, whether in person or by proxies duly appointed in writing, at any meeting of Holders of Securities of such series duly called and held in accordance with the provisions of
        Article Fifteen, 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 or so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of this Indenture and (subject
        to Section 612) conclusive in favor of the Trustee and the Company and any agent of the Trustee or the Company, if made in the manner provided in this Section. The record of any meeting of Holders of Securities shall be proved in the manner
        provided in Section 1506.

      

      

      
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      (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other
        officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his
        individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved
        in any other reasonable manner which the Trustee deems sufficient.

      

      

      (c) The ownership of Registered Securities shall be proved by the Security Register or by a certificate of the Security Registrar.

      

      

      (d) The ownership of Bearer Securities may be proved by the production of such Bearer Securities or by a certificate executed, as depository, by any trust company, bank, banker or other depository,
        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 depository, or exhibited to it, the Bearer Securities 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. The ownership of Bearer Securities may also be proved in any other manner which the Trustee deems sufficient.

      

      

      (e) If the Company shall solicit from the Holders of Registered Securities any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, in or
        pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so.
        Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or pursuant to such Board Resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation of Holders generally in
        connection therewith and not later than the date such solicitation is completed. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but
        only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to
        such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement or consent by the Holders
        on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than eleven months after the record date.

      

      

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

      

      

      
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      (g) The Trustee, in its sole discretion, may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to join in the giving or making
        of (i) any Notice 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
        Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of such series on such record date, and no other Holders, shall be entitled to 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 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 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 Securities of the relevant series in the manner set forth in Section 106.

      

      

      (h) 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 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. Notwithstanding the foregoing, no Expiration Date shall be
        later than the 180th day after the applicable record date. Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so with regard to all or any part of the principal
        amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount.

      

      

      Section 105 Notices, Etc., To The Trustee And Company.

      

      

      Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to or filed
        with,

      

      

      (1) the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office,
        Attention: Corporate Trustee Administration, 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 it at the address of its principal office specified in the first paragraph of this Indenture or at any other address previously furnished in writing to the Trustee by the Company.

      

      

      Section 106 Notice To Holders; Waiver.

      

      

      Where this Indenture provides for notice of any event to Holders of Registered Securities by the Company or the Trustee, such notice shall be sufficiently given (unless otherwise herein expressly
        provided) if in writing and mailed, first-class postage prepaid, to each such Holder affected by such event, at his 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. In any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of
        such notice with respect to other Holders of Registered Securities or the sufficiency of any notice to Holders of Bearer Securities given as provided herein. Any notice mailed to a Holder in the manner herein prescribed shall be conclusively deemed
        to have been received by such Holder, whether or not such Holder actually receives such notice.

      

      

      If by reason of the suspension of or irregularities in regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification to Holders
        of Registered Securities as shall be made with the approval of the Trustee shall constitute a sufficient notification to such Holders for every purpose hereunder.

      

      

      
        10

        
          

      

      Except as otherwise expressly provided herein or otherwise specified with respect to any Securities pursuant to Section 301, where this Indenture provides for notice to Holders of Bearer Securities
        of any event, such notice shall be sufficiently given if published in an Authorized Newspaper in The City of New York and in such other city or cities as may be specified in such Securities, and if the Securities of such series are listed on any
        stock exchange outside the United States, in any place at which such Securities are listed on a securities exchange to the extent that such securities exchange so requires, on a Business Day, such publication to be not later than the latest date,
        and not earlier than the earliest date, prescribed for the giving of such notice. Any such notice shall be deemed to have been given on the date of such publication or, if published more than once, on the date of the first such publication.

      

      

      If by reason of the suspension of publication of any Authorized Newspaper or Authorized Newspapers or by reason of any other cause it shall be impracticable to publish any notice to Holders of
        Bearer Securities as provided above, then such notification to Holders of Bearer Securities as shall be given with the approval of the Trustee shall constitute sufficient notice to such Holders for every purpose hereunder. Neither the failure to
        give notice by publication to any particular Holder of Bearer Securities as provided above, nor any defect in any notice so published, shall affect the sufficiency of such notice with respect to other Holders of Bearer Securities or the sufficiency
        of any notice to Holders of Registered Securities given as provided herein.

      

      

      Any request, demand, authorization, direction, notice, consent or waiver 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.

      

      

      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.

      

      

      Notwithstanding any of the foregoing, notices with respect to any global Security shall be sufficient if given in accordance with the applicable procedures of the relevant Depository.

      

      

      Section 107 Effect Of Headings And Table Of Contents.

      

      

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

      

      

      Section 108 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 109 Separability Clause.

      

      

      In case any provision in this Indenture or in any Security or coupon 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 110 Benefits Of Indenture.

      

      

      Nothing in this Indenture or in the Securities or coupons appertaining thereto, express or implied, shall give to any Person, other than the parties hereto, any Security Registrar, any Paying
        Agent, any Authenticating Agent and their successors hereunder and the Holders any benefit or any legal or equitable right, remedy or claim under this Indenture.

      

      

      
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      Section 111 No Personal Liability.

      

      

      No recourse under or upon any obligation, covenant or agreement contained in this Indenture, in any Security or coupon appertaining thereto, or because of any indebtedness evidenced thereby, shall
        be had against any promoter, as such, or against any past, present or future shareholder, officer or director, as such, of the Company or of any successor, either directly or through the Company or any successor, under any rule of law, statute or
        constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities by the Holders thereof and as part of
        the consideration for the issue of the Securities.

      

      

      Section 112 Governing Law; Waiver of Trial by Jury.

      

      

      This Indenture and the Securities and coupons shall be governed by and construed in accordance with the laws of the State of New York. This Indenture is subject to the provisions of the TIA that
        are required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions and any provisions of this Indenture that are not permitted by the provisions of the TIA shall be deemed to be deleted or modified to the
        extent such provisions are required to be deleted or modified for the Indenture to be qualified under the TIA. Each of the Company and the Trustee 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 or the transactions contemplated hereby.

      

      

      Section 113 Legal Holidays.

      

      

      In any case where any Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity of any Security or the last date on which a Holder has the right
        to convert or exchange a Security at a particular conversion or exchange price shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or any Security or coupon other than a provision in the
        Securities of any series which specifically states that such provision shall apply in lieu hereof), payment of interest or any Additional Amounts or principal (and premium or Make-Whole Amount, if any) need not be made at such Place of Payment on
        such date, conversion or exchange 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 sinking fund payment date, or at the Stated Maturity or Maturity or on such last day for conversion or exchange, provided that so long as such payment is made on the next succeeding Business Day, no interest shall
        accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity or on such last day for conversion or exchange, as the case may be, to
        such Business Day.

      

      

      ARTICLE TWO

      SECURITIES FORMS

      

      

      Section 201 Forms Of Securities.

      

      

      The Registered Securities, if any, of each series and the Bearer Securities, if any, and related coupons of each series of Bearer Securities, shall be in substantially the forms as shall be
        established in or pursuant to one or more indentures supplemental hereto or by or pursuant to authority granted by one or more Board Resolutions, shall have such appropriate insertions, omissions, substitutions and other variations as are required
        or permitted by this Indenture or any indenture supplemental hereto, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements placed thereon as the Company may deem appropriate and as are
        not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Securities may be listed or
        any Depository therefor, or to conform to usage. If temporary Securities of any series are issued as permitted by Section 304, the form thereof also shall be established as provided in the preceding sentence. If the forms of Securities and coupons,
        if any, of any series are established by, or by action taken pursuant to, a Board Resolution, a copy of the Board Resolution together with an appropriate record of any such action taken pursuant thereto, including a copy of the approved form of
        Securities or coupons, if any, 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 Securities.

      

      

      
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      Unless otherwise specified as contemplated by Section 301, Bearer Securities shall have interest coupons attached.

      

      

      The definitive Securities and coupons, if any, shall be printed, lithographed or engraved or produced by any combination of these methods on a steel engraved border or steel engraved borders or may
        be produced in any other manner, all as determined by the officers of the Company executing such Securities or coupons, as evidenced by their execution of such Securities or coupons.

      

      

      Section 202 Form Of Trustee’s Certificate Of Authentication.

      

      

      Subject to Section 611, the Trustee’s certificate of authentication shall be in substantially the following form:

      

      

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

      

      

      	 	 	
              , as Trustee

            

      

      

      	 	
              By:

            	 	 
	 	 	
              Authorized Signatory

            	 

      

      

      Section 203 Securities Issuable In Global Form.

      

      

      If Securities of or within a series are issuable in global form, as specified as contemplated by Section 301, then, notwithstanding clause (8) of Section 301 and the provisions of Section 302, any
        such Security shall represent such of the Outstanding Securities of such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Securities of such series from time to time endorsed thereon
        and that the aggregate amount of Outstanding Securities of such series represented thereby may from time to time be increased or decreased to reflect exchanges. Any endorsement of a Security in global form to reflect the amount, or any increase or
        decrease in the amount, of Outstanding Securities represented thereby shall be made by the Trustee in such manner and upon written instruction 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. Subject to the provisions of Section 303 and, if applicable, Section 304, the Trustee shall deliver and redeliver any Security in permanent global form in the manner and upon written instructions
        given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant to Section 303 or Section 304 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement or
        delivery or redelivery of a Security in global form shall be in writing but need not comply with Section 102 and need not be accompanied by an Opinion of Counsel.

      

      

      The provisions of the last sentence of Section 303 shall apply to any Security represented by a Security in global form if such Security was never issued and sold by the Company and the Company
        delivers to the Trustee the 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 regard to the reduction in the principal amount of Securities
        represented thereby, together with the written statement contemplated by the last sentence of Section 303.

      

      

      Notwithstanding the provisions of Section 307, unless otherwise specified as contemplated by Section 301, payment of principal of and any premium or Make-Whole Amount and interest on any Security
        in permanent global form shall be made to the Person or Persons specified therein.

      

      

      Notwithstanding the provisions of Section 308 and except as provided in the preceding paragraph, the Company, the Trustee and any agent of the Company and the Trustee shall treat as the Holder of
        such principal amount of Outstanding Securities represented by a permanent global Security (i) in the case of a permanent global Security in registered form, the Holder of such permanent global Security in registered form, or (ii) in the case of a
        permanent global Security in bearer form, Euroclear or Clearstream.

      

      

      
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      ARTICLE THREE

      THE SECURITIES

      

      

      Section 301 Amount Unlimited; Issuable In Series.

      

      

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

      

      

      The Securities may be issued in one or more series. There shall be established in or pursuant to one or more Board Resolutions or pursuant to authority granted by one or more Board Resolutions, or
        in an Officers’ Certificate, or indentures supplemental hereto, prior to the issuance of Securities of any series, any or all of the following, as applicable (each of which (except for the matters set forth in clauses (1), (2) and (15) below), if
        so provided, may be determined from time to time by the Company with respect to unissued Securities of or within the series when issued from time to time):

      

      

      (1) the title of the Securities of or within the series (which shall distinguish the Securities of such series from all other series of Securities);

      

      

      (2) any limit upon the aggregate principal amount of the Securities of or within the series that may be authenticated and delivered under this Indenture (except for Securities authenticated and
        delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of or within the series pursuant to Section 304, Section 305, Section 306, Section 906, Section 1107, or Section 1305);

      

      

      (3) the date or dates, or the method by which such date or dates will be determined, on which the principal of the Securities of or within the series shall be payable and the amount of principal
        payable thereon;

      

      

      (4) the rate or rates (which may be fixed or variable) at which the Securities of or within the series shall bear interest, if any, or the method by which such rate or rates shall be determined,
        the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, the Interest Payment Dates on which such interest will be payable and the Regular Record Date, if any, for the interest payable
        on any Registered Security on any Interest Payment Date, or the method by which such date shall be determined, and the basis upon which interest shall be calculated if other than that of a 360-day year consisting of twelve 30-day months;

      

      

      (5) the place or places, if any, other than or in addition to the City of Oklahoma City, Oklahoma, or the Borough of Manhattan, The City of New York, where the principal of (and premium or
        Make-Whole Amount, if any), interest, if any, on, and Additional Amounts, if any, payable in respect of, Securities of or within the series shall be payable, any Registered Securities of or within the series may be surrendered for registration of
        transfer, exchange or conversion and notices or demands to or upon the Company in respect of the Securities of or within the series and this Indenture may be served;

      

      

      (6) the period or periods within which, the price or prices (including the premium or Make-Whole Amount, if any) at which, the currency or currencies, currency unit or units or composite currency
        or currencies in which and other terms and conditions upon which Securities of or within the series may be redeemed in whole or in part, at the option of the Company, if the Company is to have the option;

      

      

      (7) the obligation, if any, of the Company to redeem, repay or purchase Securities of or within the series pursuant to any sinking fund or analogous provision or at the option of a Holder thereof,
        and the period or periods within which or the date or dates on which, the price or prices at which, the currency or currencies, currency unit or units or composite currency or currencies in which, and other terms and conditions upon which
        Securities of or within the series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation;

      

      

      
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      (8) if other than denominations of $2,000 and integral multiples of $1,000 in excess thereof, the denominations in which any Registered Securities of or within the series shall be issuable and, if
        other than the denomination of $5,000 and any integral multiple thereof, the denomination or denominations in which any Bearer Securities of or within the series shall be issuable;

      

      

      (9) if other than the Trustee, the identity of each Security Registrar and/or Paying Agent;

      

      

      (10) if other than the principal amount thereof, the portion of the principal amount of Securities of or within the series that shall be payable upon declaration of acceleration of the maturity
        thereof pursuant to Section 502 or, if applicable, the portion of the principal amount of Securities of or within the series that is convertible in accordance with the provisions of this Indenture, or the method by which such portion shall be
        determined;

      

      

      (11) if other than Dollars, the Foreign Currency or Currencies in which payment of the principal of (and premium or Make-Whole Amount, if any) or interest or Additional Amounts, if any, on the
        Securities of or within the series shall be payable or in which the Securities of or within the series shall be denominated;

      

      

      (12) whether the amount of payments of principal of (and premium or Make-Whole Amount, if any) or interest, if any, on the Securities of or within the series may be determined with reference to an
        index, formula or other method (which index, formula or method may be based, without limitation, on one or more currencies, currency units, composite currencies, commodities, equity indices or other indices), and the manner in which such amounts
        shall be determined;

      

      

      (13) whether the principal of (and premium or Make-Whole Amount, if any) or interest or Additional Amounts, if any, on the Securities of or within the series are to be payable, at the election of
        the Company or a Holder thereof, in a currency or currencies, currency unit or units or composite currency or currencies other than that in which such Securities are denominated or stated to be payable, the period or periods within which, and the
        terms and conditions upon which, such election may be made, and the time and manner of, and identity of the Exchange Rate Agent with responsibility for, determining the exchange rate between the currency or currencies, currency unit or units or
        composite currency or currencies in which such Securities are denominated or stated to be payable and the currency or currencies, currency unit or units or composite currency or currencies in which such Securities are to be so payable;

      

      

      (14) provisions, if any, granting special rights to the Holders of Securities of or within the series upon the occurrence of such events as may be specified;

      

      

      (15) (a) any deletions from, modifications of or additions to the Events of Default with respect to Securities of or within the series, whether or not such Events of Default are consistent with the
        Events of Default set forth herein and (b) any deletions from, modifications of or additions to the covenants of the Company set forth herein with respect to the Securities of or within the series, whether or not such covenants are consistent with
        the covenants set forth herein;

      

      

      (16) whether Securities of or within the series are to be issuable as Registered Securities, Bearer Securities (with or without coupons) or both, any restrictions applicable to the offer, sale or
        delivery of Bearer Securities and the terms upon which Bearer Securities of or within the series may be exchanged for Registered Securities of or within the series and vice versa (if permitted by applicable laws and regulations), whether any
        Securities of or within the series are to be issuable initially in temporary global form and whether any Securities of or within the series are to be issuable in permanent global form (with or without coupons) and, if so, whether beneficial owners
        of interests in any such permanent global Security may exchange such interests for Securities of such series and of like tenor of any authorized form and denomination and the circumstances under which any such exchanges may occur, if other than in
        the manner provided in Section 305, and, if Registered Securities of or within the series are to be issuable as a global Security, the identity of the depository for such series;

      

      

      (17) the date as of which any Bearer Securities of or within the series and any temporary global Security representing Outstanding Securities of or within the series shall be dated if other than
        the date of original issuance of the first Security of the series to be issued;

      

      

      
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      (18) the Person to whom any interest on any Registered Security of the series shall be payable, if other than the Person in whose name that Security (or one or more Predecessor Securities) is
        registered at the close of business on the Regular Record Date for such interest, the manner in which, or the Person to whom, any interest on any Bearer Security of the series shall be payable, if otherwise than upon presentation and surrender of
        the coupons appertaining thereto as they severally mature, and the extent to which, or the manner in which, any interest payable on a temporary global Security on an Interest Payment Date will be paid if other than in the manner provided in Section
        304;

      

      

      (19) the applicability, if any, of Section 1402 and/or Section 1403 to the Securities of or within the series and any provisions in modification of, in addition to or in lieu of any of the
        provisions of Article Fourteen and, if the Securities of the series are payable in a currency other than Dollars, whether, for purposes of such defeasance or covenant defeasance the term “Government Obligations” shall include obligations referred
        to in the definition of such term which are not obligations of the United States or an agency or an instrumentality thereof;

      

      

      (20) if the Securities of such series are to be issuable in definitive form (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain
        certificates or other documents or satisfaction of other conditions, then the form and/or terms of such certificates, documents or conditions;

      

      

      (21) if the Securities of or within the series are to be issued upon the exercise of debt warrants, the time, manner and place for such Securities to be authenticated and delivered;

      

      

      (22) whether and under what circumstances the Company will pay Additional Amounts as contemplated by Section 1101 on the Securities of or within the series to any Holder who is not a United States
        Person (including any modification to the definition of such term) in respect of any tax, assessment or governmental charge and, if so, whether the Company will have the option to redeem such Securities rather than pay such Additional Amounts (and
        the terms of any such option);

      

      

      (23) the obligation, if any, of the Company to permit the Securities of such series to be converted into or exchanged for common stock of the Company or other securities or property of the Company
        and the terms and conditions upon which such conversion or exchange shall be effected (including, without limitation, the initial conversion price or rate, the conversion or exchange period, any adjustment of the applicable conversion or exchange
        price or rate and any requirements relative to the reservation of such shares for purposes of conversion or exchange);

      

      

      (24) if convertible or exchangeable, any applicable limitations on the ownership or transferability of the securities or property into which such Securities are convertible or exchangeable;

      

      

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

      

      

      (26) any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture except as permitted by Section 901(5)).

      

      

      All Securities of any one series and the coupons appertaining to any Bearer Securities of such series, if any, shall be substantially identical except, in the case of Registered or Bearer
        Securities issued in global form, as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution or in any indenture supplemental hereto. All Securities of any one series need not be issued at the same time and,
        unless otherwise provided, a series may be reopened, without the consent of the Holders, for issuances of additional Securities of such series.

      

      

      
        16

        
          

      

      If any of the terms of the Securities of any series are established by action taken pursuant to, or by authority granted pursuant to, one or more Board Resolutions, a copy of an appropriate record
        of such action(s) 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 for authentication and delivery of such Securities.

      

      

      Section 302 Denominations.

      

      

      The Securities of each series shall be issuable in such denominations as shall be specified as contemplated by Section 301. With respect to Securities of any series denominated in Dollars, in the
        absence of any such provisions with respect to the Securities of any series, the Registered Securities of such series, other than Registered Securities issued in global form (which may be of any denomination), shall be issuable in denominations of
        $2,000 and integral multiples of $1,000 in excess thereof and the Bearer Securities of such series, other than Bearer Securities issued in global form (which may be of any denomination), shall be issuable in denominations of $5,000 and any integral
        multiple thereof.

      

      

      Section 303 Execution, Authentication, Delivery And Dating.

      

      

      The Securities and any coupons appertaining thereto shall be executed on behalf of the Company by a Chief Executive Officer, President or Vice President. The signature of any of these officers on
        the Securities and coupons may be manual or facsimile signatures of the present or any future such authorized officer and may be imprinted or otherwise reproduced on the Securities.

      

      

      Securities or coupons appertaining thereto 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 Securities or did not hold such offices at the date of such Securities or coupons.

      

      

      At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series, together with any coupon appertaining thereto, executed by
        the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such Securities; provided,
        however, that, in connection with its original issuance, no Bearer Security shall be mailed or otherwise delivered to any location in the United States; and provided further that, unless otherwise specified with respect to any series of Securities
        pursuant to Section 301 a Bearer Security may be delivered in connection with its original issuance only if the Person entitled to receive such Bearer Security shall have furnished a certificate to Euroclear or Clearstream, as the case may be, in
        the form set forth in Exhibit A-1 to this Indenture or such other certificate as may be specified with respect to any series of Securities pursuant to Section 301, dated no earlier than 15 days prior to the earlier of the date on which such Bearer
        Security is delivered and the date on which any temporary Security first becomes exchangeable for such Bearer Security in accordance with the terms of such temporary Security and this Indenture. 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 canceled.

      

      

      If all of the Securities are not to be issued at one time and if the Board Resolution or supplemental indenture establishing such series shall so permit, such Company Order may set forth procedures
        acceptable to the Trustee for the issuance of such Securities and determining the terms of particular Securities of such series, such as interest rate or formula, maturity date, date of issuance and date from which interest shall accrue. In
        authenticating Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 612 and TIA Section 315(a) through 315(d)) shall be
        fully protected in conclusively relying upon:

      

      

      (i) an Opinion of Counsel complying with Section 102 and stating that:

      

      

      (a) the form or forms of such Securities and any coupons have been, or will have been upon compliance with such procedures as may be specified therein, established in conformity with the provisions
        of this Indenture;

      

      

      
        17

        
          

      

      (b) the terms of such Securities and any coupons have been, or will have been upon compliance with such procedures as may be specified therein, established in conformity with the provisions of this
        Indenture; and

      

      

      (c) such Securities, together with any coupons appertaining thereto, when completed pursuant to such procedures as may be specified therein, and executed and delivered by the Company to the Trustee
        for authentication in accordance with this Indenture, authenticated and delivered by the Trustee in accordance with this Indenture and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will
        constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting the
        enforcement of creditors’ rights generally and to general equitable principles and to such other matters as may be specified therein; and

      

      

      (ii) an Officers’ Certificate complying with Section 102 and stating that all conditions precedent provided for in this Indenture relating to the issuance of such Securities have been, or will have
        been upon compliance with such procedures as may be specified therein, complied with and that, to the best of the knowledge of the signers of such certificate, no Event of Default with respect to such Securities shall have occurred and be
        continuing.

      

      

      Notwithstanding the provisions of Section 301 and of the preceding paragraph, if all the Securities of any series are not to be issued at one time, it shall not be necessary to deliver a Company
        Order, an Opinion of Counsel or an Officers’ Certificate otherwise required pursuant to the preceding paragraph at the time of issuance of each Security of such series, but such order, opinion and certificate, with appropriate modifications to
        cover such future issuances, shall be delivered at or before the time of issuance of the first Security of such series.

      

      

      The Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties, obligations or
        immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee.

      

      

      Each Registered Security shall be dated the date of its authentication and each Bearer Security shall be dated as of the date specified as contemplated by Section 301.

      

      

      No Security or coupon appertaining thereto shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security or the Security to
        which such coupon appertains a certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual signature of an authorized signatory, and such certificate upon any Security shall be conclusive
        evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered
        hereunder but never issued and sold by the Company, and the Company shall deliver such 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 Security has never been issued or sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never
        be entitled to the benefits of this Indenture.

      

      

      Section 304 Temporary Securities.

      

      

      (a) Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall
        authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are
        issued, 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 of the Company executing such Securities
        may determine, as conclusively evidenced by their execution of such Securities. In the case of Securities of any series, such temporary Securities may be in global form.

      

      

      
        18

        
          

      

      Except in the case of temporary Securities in global form (which shall be exchanged in accordance with Section 304(b) or as otherwise provided in or pursuant to a Board Resolution), if temporary
        Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall
        be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for
        cancellation of any one or more temporary Securities of any series (accompanied by any non-matured coupons appertaining thereto), the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount
        of definitive Securities of the same series of authorized denominations; provided, however, that no definitive Bearer Security shall be delivered in exchange for a temporary Registered Security; and provided further that a definitive Bearer
        Security shall be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in Section 303. Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the same
        benefits under this Indenture as definitive Securities of such series.

      

      

      (b) Unless otherwise provided as contemplated in Section 301, this Section 304(b) shall govern the exchange of temporary Securities issued in global form other than through the facilities of DTC.
        If any such temporary Security is issued in global form, then such temporary global Security shall, unless otherwise provided therein, be delivered to the London office of a depository or common depository (the “Common Depository”), for the benefit
        of Euroclear and Clearstream.

      

      

      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 “Exchange Date”), the Company
        shall deliver to the Trustee definitive Securities, in an aggregate principal amount equal to the principal amount of such temporary global Security, executed by the Company. On or after the Exchange Date, such temporary global Security shall be
        surrendered by the Common Depository to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive Securities without charge, and the Trustee shall authenticate and deliver, in
        exchange for each portion of such temporary global Security, an equal aggregate principal amount of definitive Securities of or within the same series of authorized denominations and of like tenor as the portion of such temporary global Security to
        be exchanged. The definitive Securities to be delivered in exchange for any such temporary global Security shall be in bearer form, registered form, permanent global bearer form or permanent global registered 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, unless otherwise specified in such temporary global Security, upon such presentation
        by the Common Depository, such temporary global Security is accompanied by a certificate dated the Exchange Date or a subsequent date and signed by Euroclear as to the portion of such temporary global Security, if any, held for its account then to
        be exchanged and a certificate dated the Exchange Date or a subsequent date and signed by Clearstream as to the portion of such temporary global Security, if any, held for its account then to be exchanged, each in the form set forth in Exhibit A-2
        to this Indenture or in such other form as may be established pursuant to Section 301; and provided further that definitive Bearer Securities shall be delivered in exchange for a portion of a temporary global Security only in compliance with the
        requirements of Section 303.

      

      

      Unless otherwise specified in such temporary global Security, the interest of a beneficial owner of Securities of a series in a temporary global Security shall be exchanged for definitive
        Securities of the same series and of like tenor following the Exchange Date when the account holder instructs Euroclear or Clearstream, as the case may be, to request such exchange on his behalf and delivers to Euroclear or Clearstream, as the case
        may be, a certificate in the form set forth in Exhibit A-1 to this Indenture (or in such other form as may be established pursuant to Section 301), dated no earlier than 15 days prior to the Exchange Date, copies of which certificate shall be
        available from the offices of Euroclear or Clearstream, the Trustee, any Authenticating Agent appointed for such series of 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 Securities must bear the cost of insurance, postage, transportation and the like unless such Person takes delivery of such
        definitive Securities in person at the offices of Euroclear or Clearstream. Definitive 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.

      

      

      
        19

        
          

      

      Until exchanged in full as hereinabove provided, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the
        same series and of like tenor authenticated and delivered hereunder, except that, unless otherwise specified as contemplated by Section 301, interest payable on a temporary global Security on an Interest Payment Date for Securities of such series
        occurring prior to the applicable Exchange Date shall be payable to Euroclear or Clearstream on such Interest Payment Date upon delivery by Euroclear or Clearstream to the Trustee of a certificate or certificates in the form set forth in Exhibit
        A-2 to this Indenture (or in such other forms as may be established pursuant to Section 301), for credit without further interest on or after such Interest Payment Date to the respective accounts of Persons who are the beneficial owners of such
        temporary global Security on such Interest Payment Date and who have each delivered to Euroclear or Clearstream, as the case may be, a certificate dated no earlier than 15 days prior to the Interest Payment Date occurring prior to such Exchange
        Date in the form set forth as Exhibit A-1 to this Indenture (or in such other forms as may be established pursuant to Section 301). Notwithstanding anything to the contrary herein contained, the certifications made pursuant to this paragraph shall
        satisfy the certification requirements of the preceding two paragraphs of this Section 304(b) and of the third paragraph of Section 303 of this Indenture and the interests of the Persons who are the beneficial owners of the temporary global
        Security with respect to which such certification was made will be exchanged for definitive Securities of the same series and of like tenor on the Exchange Date or the date of certification if such date occurs after the Exchange Date, without
        further act or deed by such beneficial owners. Except as otherwise provided in this paragraph, no payments of principal or interest owing with respect to a beneficial interest in a temporary global Security will be made unless and until such
        interest in such temporary global Security shall have been exchanged for an interest in a definitive Security. Any interest so received by Euroclear or Clearstream and not paid as herein provided shall be returned to the Trustee prior to the
        expiration of two years after such Interest Payment Date in order to be repaid to the Company.

      

      

      Section 305 Registration, Registration Of Transfer And Exchange.

      

      

      The Company shall cause to be kept at the Corporate Trust Office of the Trustee or in any office or agency of the Company in a Place of Payment a register for each series of Securities (the
        registers maintained in such office or in any such office or agency of the Company in a Place of Payment being herein sometimes referred to collectively as the “Security Register”) in which, subject to such reasonable regulations as it or the
        Security Registrar may prescribe, the Company shall provide for the registration of Registered Securities and of transfers of Registered Securities. The Security Register shall be in written form or any other form capable of being converted into
        written form within a reasonable time. The Trustee, at its Corporate Trust Office, is hereby initially appointed “Security Registrar” for the purpose of registering Registered Securities and transfers of Registered Securities on such Security
        Register as herein provided. In the event that the Trustee shall cease to be Security Registrar, it shall have the right to examine the Security Register at all reasonable times and to require that a copy of the Security Register in written form be
        delivered to it from time to time as reasonably requested. Subject to the provisions of this Section 305, upon surrender for registration of transfer of any Registered Security of any series at any office or agency of the Company in a Place of
        Payment for that series, 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 denominations
        and of a like aggregate principal amount, bearing a number not contemporaneously outstanding, and containing identical terms and provisions.

      

      

      Subject to the provisions of this Section 305, at the option of the Holder, Registered Securities of any series (not in global form) may be exchanged for other Registered Securities of the same
        series, of any authorized denomination or denominations and of a like aggregate principal amount, containing identical terms and provisions, upon surrender of the Registered Securities to be exchanged at any such office or agency. Whenever any such
        Registered Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Registered Securities which the Holder making the exchange is entitled to receive. Unless otherwise specified with
        respect to any series of Securities as contemplated by Section 301, Bearer Securities may not be issued in exchange for Registered Securities.

      

      

      
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      If (but only if) permitted as contemplated by Section 301, at the option of the Holder, Bearer Securities of any series may be exchanged for Registered Securities of the same series of any
        authorized denominations and of a like aggregate principal amount and tenor, 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, any such permitted exchange may be effected if the Bearer Securities are accompanied by payment in funds
        acceptable to the Company 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 is 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 a permitted exchange for a Registered Security of the same series and like
        tenor 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 proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date or proposed date for payment, as the case may be,
        and interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, 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. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the
        Securities which the holder making the exchange is entitled to receive.

      

      

      Notwithstanding the foregoing, except as otherwise specified as contemplated by Section 301, any permanent global Security shall be exchangeable only as provided in this paragraph. If the
        Depository for any permanent global Security is DTC, then, unless the terms of such global Security expressly permit such global Security to be exchanged in whole or in part for definitive Securities, a global Security may be transferred, in whole
        but not in part, only to a nominee of DTC, or by a nominee of DTC to DTC, or to a successor to DTC for such global Security selected or approved by the Company or to a nominee of such successor to DTC. If at any time DTC notifies the Company that
        it is unwilling or unable to continue as depository for the applicable global Security or Securities or if at any time DTC ceases to be a clearing agency registered under the Exchange Act if so required by applicable law or regulation, the Company
        shall appoint a successor depository with respect to such global Security or Securities. If (x) a successor depository for such global Security or Securities is not appointed by the Company within 90 days after the Company receives such notice or
        becomes aware of such unwillingness, inability or ineligibility, (y) an Event of Default has occurred and is continuing and the beneficial owners representing a majority in principal amount of the applicable series of Securities represented by such
        global Security or Securities advise DTC to cease acting as depository for such global Security or Securities or (z) the Company, in its sole discretion and subject to the procedures of DTC, determines at any time that all Outstanding Securities
        (but not less than all) of any series issued or issuable in the form of one or more global Securities shall no longer be represented by such global Security or Securities (provided, however, the Company may not make such determination during the
        40-day restricted period provided by Regulation S under the Securities Act or during any other similar period during which the Securities must be held in global form as may be required by the Securities Act), then the Company shall execute, and the
        Trustee shall authenticate and deliver definitive Securities of like series, rank, tenor and terms in definitive form in an aggregate principal amount equal to the principal amount of such global Security or Securities. If any beneficial owner of
        an interest in a permanent global Security is otherwise entitled to exchange such an interest for Securities of such series and of like tenor and principal amount of another authorized form and denomination, as specified as contemplated by Section
        301 and provided that any applicable notice provided in the permanent global Security shall have been given, then without unnecessary delay but in any event not later than the earliest date on which such interest may be so exchanged, the Company
        shall execute, and the Trustee shall authenticate and deliver definitive Securities in aggregate principal amount equal to the principal amount of such beneficial owner’s interest in such permanent global Security. On or after the earliest date on
        which such interests may be so exchanged, such permanent global Security shall be surrendered for exchange by DTC or such other depository as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for
        such purpose; provided, however, that no such exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities to be redeemed and ending on the relevant Redemption Date if the Security for which
        exchange is requested may be among those selected for redemption; and provided further that no Bearer Security delivered in exchange for a portion of a permanent global Security shall be mailed or otherwise delivered to any location in the United
        States. If a Registered Security is issued in exchange for any portion of a permanent global Security after the close of business at the office or agency where such exchange occurs 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 proposed date for payment of Defaulted Interest, interest or Defaulted
        Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security, but will be payable on such Interest Payment Date or proposed date for
        payment, as the case may be, only to the Person to whom interest in respect of such portion of such permanent global Security is payable in accordance with the provisions of this Indenture.

      

      

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

      

      

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

      

      

      No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge
        that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, Section 906, Section 1107 or Section 1305 not involving any transfer.

      

      

      The Company or the Trustee, as applicable, shall not be required (i) to issue, register the transfer of or exchange any Security if such Security may be among those selected for redemption during a
        period beginning at the opening of business 15 days before selection of the Securities to be redeemed under Section 1103 and ending at the close of business on (A) if such Securities are issuable only as Registered Securities, the day of the
        mailing of the relevant notice of redemption and (B) if such Securities are issuable as Bearer Securities, the day of the first publication of the relevant notice of redemption or, if such Securities are also issuable as Registered Securities and
        there is no publication, the mailing of the relevant notice of redemption, or (ii) to register the transfer of or exchange any Registered Security so selected for redemption in whole or in part, except, in the case of any Registered Security to be
        redeemed in part, the portion thereof not to be redeemed, 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 that series and like tenor, provided that
        such Registered Security shall be simultaneously surrendered for redemption, or (iv) to issue or to register the transfer or exchange of any Security which has been surrendered for repayment at the option of the Holder, except the portion, if any,
        of such Security not to be so repaid.

      

      

      Section 306 Mutilated, Destroyed, Lost And Stolen Securities.

      

      

      If any mutilated Security or a Security with a mutilated coupon appertaining to it is surrendered to the Trustee or the Company, together with such security or indemnity as may be required by the
        Company or the Trustee to save each of them or any agent of either of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and principal amount, containing
        identical terms and provisions and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to the surrendered Security.

      

      

      If there shall be delivered to the Company and to the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security or coupon, and (ii) such security or indemnity as
        may be required by them to save each of them and any agent of either of them harmless, then, in the absence of actual notice to the Company or the Trustee that such 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 lieu of any such destroyed, lost or stolen Security or in exchange for the Security to which a destroyed, lost or stolen coupon appertains (with all appurtenant
        coupons not destroyed, lost or stolen), a new Security of the same series and principal amount, containing identical terms and provisions and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any,
        appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains.

      

      

      
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      Notwithstanding the provisions of the previous two paragraphs, in case any such mutilated, destroyed, lost or stolen Security or coupon has become or is about to become due and payable, the Company
        in its discretion may, instead of issuing a new Security, with coupons corresponding to coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains, pay such
        Security or coupon; provided, however, that payment of principal of (and premium or Make-Whole Amount, if any), any interest on and any Additional Amounts with respect to Bearer Securities shall, except as otherwise provided in Section 1002, be
        payable only at an office or agency located outside the United States and, unless otherwise specified as contemplated by Section 301, any interest on Bearer Securities shall be payable only upon presentation and surrender of the coupons
        appertaining thereto.

      

      

      Upon the issuance of any new Security 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) connected therewith.

      

      

      Every new Security of any series with its coupons, if any, issued pursuant to this Section in lieu of any destroyed, lost or stolen Security, or in exchange for a 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 Security and its coupons, if any, or the destroyed, lost or stolen coupon shall be at any
        time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that series 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 Securities or coupons.

      

      

      Section 307 Payment Of Interest; Interest Rights Preserved.

      

      

      Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, interest on any Registered Security that is payable, and is punctually paid or
        duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or
        agency of the Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Registered Security may at the Company’s option be paid by (i) mailing a check for such interest, payable to or
        upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located inside the United States.

      

      

      Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of interest may be made, in the case of a Bearer Security, by transfer to an account
        maintained by the payee with a bank located outside the United States.

      

      

      Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid to DTC, Euroclear
        and/or Clearstream, as the case may be, with respect to that portion of such permanent global Security held for its account by DTC, Euroclear or Clearstream, as the case may be, for the purpose of permitting such party to credit the interest
        received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof.

      

      

      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.

      

      

      
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      Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series that is payable, but is
        not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue of 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 (which shall not be less than 20 days after such notice is received by the Trustee), and at the same time the Company shall deposit with the Trustee an amount
        of money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) 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 on or prior to the date of the proposed payment, such money when deposited to be held in trust
        for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than
        10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at
        the expense of the Company, 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 such Securities may be listed, and upon such notice as may be required by such exchange, if, after written 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 and Section 305, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other
        Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.

      

      

      Subject to the provisions of Section 1402 and except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, in the case of any Security
        which is converted or exchanged after any Regular Record Date and on or prior to the next succeeding Interest Payment Date (other than any Security, the principal of (or premium, if any, on) which shall become due and payable, whether at a Stated
        Maturity or by declaration of acceleration, call for redemption, or otherwise, prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such
        conversion or exchange, and such interest (whether or not punctually paid or duly provided for) shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on such Regular
        Record Date. Except as otherwise expressly provided in the immediately preceding sentence, in the case of any Security which is converted or exchanged, interest whose Stated Maturity is after the date of conversion or exchange of such Security
        shall not be payable.

      

      

      
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      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 the Trustee may treat the Person in whose name such
        Registered Security is registered as the owner of such Security for the purpose of receiving payment of principal of (and premium or Make-Whole Amount, if any), and (subject to Section 305 and Section 307) interest on and Additional Amounts with
        respect to, 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.

      

      

      Title to any Bearer Security and any coupons appertaining thereto shall pass by delivery. The Company, the Trustee and any agent of the Company or the Trustee may treat the Holder of any Bearer
        Security and the Holder of any coupon as the absolute owner of such Security or coupon for the purpose of receiving payment thereof or on account thereof and for all other purposes whatsoever, whether or not such 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 Security in global form or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.

      

      

      Notwithstanding the foregoing, with respect to any global Security, nothing herein shall prevent the Company, the Trustee, or any agent of the Company or the Trustee, from giving effect to any
        written certification, proxy or other authorization furnished by any depository, as a Holder, with respect to such global Security or impair, as between such depository and owners of beneficial interests in such global Security, the operation of
        customary practices governing the exercise of the rights of such depository (or its nominee) as Holder of such global Security.

      

      

      Section 309 Cancellation.

      

      

      All Securities and coupons surrendered for payment, redemption, repayment at the option of the Holder, registration of transfer or exchange or for credit against any sinking fund payment shall, if
        surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such Securities and coupons and Securities and coupons surrendered directly to the Trustee for any such purpose shall be promptly canceled by it. The Company may
        at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to
        the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly canceled by the Trustee. If the Company shall so acquire any of the
        Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation. No Securities shall be
        authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except as expressly permitted by this Indenture. Canceled Securities and coupons held by the Trustee shall be destroyed by the Trustee and, if required
        in writing by the Company, the Trustee shall deliver a certificate of such destruction to the Company, unless by a Company Order the Company directs their return to it.

      

      

      Section 310 Computation Of Interest.

      

      

      Except as otherwise specified as contemplated by Section 301 with respect to Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year
        consisting of twelve 30-day months.

      

      

      
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      Section 311 Cusip Numbers.

      

      

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

      

      

      ARTICLE FOUR

      SATISFACTION AND DISCHARGE

      

      

      Section 401 Satisfaction And Discharge Of Indenture.

      

      

      This Indenture shall upon Company Request cease to be of further effect with respect to any series of Securities specified in such Company Request (except as to any surviving rights of registration
        of transfer or exchange of Securities of such series herein expressly provided for and any right to receive Additional Amounts, as provided in Section 1011), and the Trustee, upon receipt of a Company Order, and at the expense of the Company, shall
        execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series, and any coupons appertaining thereto, when

      

      

      (1) either

      

      

      (A) all Securities of such series theretofore authenticated and delivered and all coupons, if any, appertaining thereto (other than (i) coupons appertaining to Bearer Securities surrendered for
        exchange for Registered Securities and maturing after such exchange, whose surrender is not required or has been waived as provided in Section 305, (ii) Securities and coupons of such series which have been destroyed, lost or stolen and which have
        been replaced or paid as provided in Section 306, (iii) coupons appertaining to Securities called for redemption and maturing after the relevant Redemption Date, whose surrender has been waived as provided in Section 1106, and (iv) Securities and
        coupons of such series for whose payment money has 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 for cancellation; or

      

      

      (B) all Securities of such series and, in the case of (i) or (ii) below, any coupons appertaining thereto 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) if redeemable at the option of the Company, 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 (i), (ii) or (iii) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose an
        amount in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable, sufficient to pay and discharge the entire indebtedness on such Securities and such coupons not
        theretofore delivered to the Trustee for cancellation, for principal (and premium or Make-Whole Amount, if any) and interest, and any Additional Amounts with respect thereto, to the date of such deposit (in the case of Securities which have become
        due and payable) or the Stated Maturity or Redemption Date, as the case may be;

      

      

      (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 as to such series have been complied with.

      

      

      
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      Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee and any predecessor Trustee under Section 606, the obligations of the Company to any
        Authenticating Agent under Section 611 and, if money shall have been deposited with and held by 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.

      

      

      In the event that there are Securities of two or more series outstanding hereunder, the Trustee shall be required to execute an instrument acknowledging satisfaction and discharge of this Indenture
        only if requested in writing to do so with respect to Securities of a particular series as to which it is Trustee and if the other conditions thereto are met.

      

      

      Section 402 Application Of Trust Funds.

      

      

      Subject to the provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the
        provisions of the Securities, the 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 or Make-Whole Amount, if any), and any interest and Additional Amounts for whose payment such money has been deposited with or received by the Trustee, but such money need not be segregated from other funds except to the
        extent required by law.

      

      

      ARTICLE FIVE

      REMEDIES

      

      

      Section 501 Events Of Default.

      

      

      Subject to any modifications, additions or deletions relating to any series of Securities as contemplated pursuant to Section 301, “Event of Default,” wherever used herein with respect to any
        particular series of Securities, means any one of the following events (whatever the reason for such Event of Default and whether or not it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or
        order of any court or any order, rule or regulation of any administrative or governmental body):

      

      

      (1) default in the payment of any interest upon or any Additional Amounts payable in respect of any Security of or within that series or of any coupon appertaining thereto, when such interest,
        Additional Amounts or coupon 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 or Make-Whole Amount, if any, on) any Security of that series when it becomes due and payable at its Maturity; or

      

      

      (3) default in the deposit of any sinking fund payment, when and as due by the terms of any Security of that series; or

      

      

      (4) default in the performance, or breach, of any covenant, agreement or warranty of the Company in this Indenture with respect to any Security of that series (other than (i) a covenant, agreement
        or warranty included in this Indenture solely for the benefit of a series of Securities other than such series or (ii) a covenant, agreement or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt
        with), and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate
        principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or

      

      

      (5) default under a bond, debenture, note, mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any indebtedness for money borrowed by the
        Company (or by any Subsidiary, the repayment of which the Company has guaranteed or for which the Company is directly responsible or liable as obligor or guarantor), having a principal amount outstanding in excess of $___,000,000 (other than
        indebtedness which is non-recourse to the Company or the Subsidiaries), whether such indebtedness now exists or shall hereafter be created, which default shall have resulted in such indebtedness being declared due and payable prior to the date on
        which it would otherwise have become due and payable, without such indebtedness having been discharged, or such acceleration having been rescinded or annulled, within a period of 30 days after there shall have 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 aggregate principal amount of the Outstanding Securities of that series a written notice specifying such default and requiring the Company to
        cause such indebtedness to be discharged or cause such acceleration to be rescinded or annulled and stating that such notice is a “Notice of Default” hereunder; or

      

      

      
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      (6) the Company or any Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law:

      

      

      (A) commences a voluntary case; or

      

      

      (B) consents to the entry of an order for relief against it in an involuntary case; or

      

      

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

      

      

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

      

      

      (E) makes an admission in writing of its inability to pay its debts generally as they become due; or

      

      

      (F) takes corporate action in furtherance of any such action; or

      

      

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

      

      

      (A) is for relief against the Company or any Significant Subsidiary in an involuntary case; or

      

      

      (B) appoints a Custodian of the Company or any Significant Subsidiary or for all or substantially all of either of its property, or

      

      

      (C) orders the liquidation of the Company or any Significant Subsidiary, and the order or decree remains unstayed and in effect for 90 days; or

      

      

      (D) adjudges the Company or any Significant Subsidiary bankrupt or insolvent, or approves as properly filed a petition seeking reorganization, arrangement, and adjustment or
        composition of or in respect of the Company or any Significant Subsidiary; or

      

      

      (8) any other Event of Default provided with respect to Securities of that series.

      

      

      As used in this Section 501, the term “Bankruptcy Law” means Title 11, U.S. Code or any similar Federal or state bankruptcy, insolvency, reorganization or other law for the relief of debtors and
        the term “Custodian” means any receiver, trustee, assignee, liquidator or other similar official under any Bankruptcy Law.

      

      

      Section 502 Acceleration Of Maturity; Rescission And Annulment.

      

      

      If an Event of Default with respect to 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
        aggregate principal amount of the Outstanding Securities of such affected series may declare the principal, accrued and unpaid interest, premium, if any, (or, if any Securities are Original Issue Discount Securities or Indexed Securities, such
        portion of the principal as may be specified in the terms thereof) of, the Make-Whole Amount, if any, and any Additional Amounts, if any, on, all the Securities of that series to be due and payable immediately, by a notice in writing to the Company
        (and to the Trustee if given by the Holders), and upon any such declaration such principal, accrued and unpaid interest, (and premium, Make-Whole Amounts, and Additional Amounts, if any) or specified portion thereof shall become immediately due and
        payable; provided, however, if an Event of Default specified in Section 501(6) or Section 501(7) occurs with respect to the Company, such principal, accrued and unpaid interest, (and premium, Make-Whole Amounts, and Additional Amounts, if any) on
        all Securities of any series will become immediately due and payable without any action on the part of the Trustee or any Holder.

      

      

      
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      At any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the
        Trustee as hereinafter in this Article provided, the Holders of a majority in aggregate principal amount of the Outstanding Securities of that 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 in the currency, currency unit or composite currency in which the Securities of such series are payable (except as
        otherwise specified pursuant to Section 301 for the Securities of such series):

      

      

      (A) all overdue installments of interest on and any Additional Amounts payable in respect of all Outstanding Securities of that series and any related coupons;

      

      

      (B) the principal of (and premium or Make-Whole Amount, if any, on) any Outstanding Securities of that series which have become due otherwise than by such declaration of
        acceleration and interest thereon at the rate or rates borne by or provided for in such Securities;

      

      

      (C) to the extent that payment of such interest is lawful, interest upon overdue installments of interest and any Additional Amounts at the rate or rates borne by or provided for
        in such 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 Securities of that series, other than the nonpayment of the principal of (or premium or Make-Whole Amount, if any) or interest on Securities of that 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 or Additional Amounts, if any, on any Security of any series and any related coupon when such interest or Additional Amount 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 or Make-Whole Amount, if any, on) any Security of any series at its Maturity, then the Company will, upon demand of the Trustee,
        pay to the Trustee, for the benefit of the Holders of such Securities of such series and coupons, the whole amount then due and payable on such Securities and coupons for principal (and premium or Make-Whole Amount, if any) and interest and
        Additional Amounts, with interest upon any overdue principal (and premium or Make-Whole Amount, if any) and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installments of interest or Additional Amounts,
        if any, at the rate or rates borne by or provided for in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses,
        disbursements and advances of the Trustee, its agents and counsel.

      

      

      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 Securities of such series 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 Securities of such series, wherever situated.

      

      

      
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      If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders
        of Securities of such series 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.

      

      

      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 proceeding relative to the Company or any
        other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities of any series shall then be due and payable as therein expressed or
        by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal, premium or Make-Whole Amount, if any, or interest) shall be entitled and empowered, by intervention
        in such proceeding or otherwise to take any and all actions authorized under the TIA in order to have any claims of the Holders and the Trustee allowed in any such proceeding and:

      

      

      (i) to file and prove a claim for the whole amount, or such lesser amount as may be provided for in the Securities of such series, of principal (and premium or Make-Whole
        Amount, if any) and interest and Additional Amounts, if any, owing and unpaid in respect of the Securities 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

      

      

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

      

      

      and any custodian, receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each Holder of Securities of such series and coupons 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 to it for the reasonable compensation, expenses, disbursements and
        advances of the Trustee and any predecessor Trustee, their agents and counsel, and any other amounts due the Trustee or any predecessor Trustee under Section 606.

      

      

      Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of a Security or coupon any plan of reorganization,
        arrangement, adjustment or composition affecting the Securities or coupons or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder of a Security or coupon in any such proceeding; provided,
        however, that the Trustee may, only on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ committee or other similar committee.

      

      

      Section 505 Trustee May Enforce Claims Without Possession Of Securities Or Coupons.

      

      

      All rights of action and claims under this Indenture or any of the Securities or coupons may be prosecuted and enforced by the Trustee without the possession of any of the 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 Securities and coupons in respect of which such judgment has been recovered.

      

      

      
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      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 (or premium or Make-Whole Amount, if any) or interest and any Additional Amounts, upon presentation of the Securities or 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 and any predecessor Trustee under Section 606,

      

      

      SECOND: To the payment of the amounts then due and unpaid upon the Securities and coupons for principal (and premium or Make-Whole Amount, if any) and interest and any Additional Amounts payable,
        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 aggregate amounts due and payable on such Securities and coupons for principal (and premium or
        Make-Whole Amount, if any), interest and Additional Amounts, respectively, and

      

      

      THIRD: To the payment of the remainder, if any, to the Company.

      

      

      Section 507 Limitation On Suits.

      

      

      No Holder of any Security of any series or any related coupon 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 Securities of that series;

      

      

      (2) the Holders of not less than 25% in aggregate principal amount of the Outstanding Securities of that series shall have made written request to the Trustee to institute proceedings in respect of
        such Event of Default in its own name as Trustee hereunder;

      

      

      (3) such Holder or Holders have offered to the Trustee indemnity satisfactory to it 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 aggregate principal amount of the Outstanding
        Securities of that series; it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights
        of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all
        such Holders.

      

      

      Section 508 Unconditional Right Of Holders To Receive Principal, Premium Or Make-Whole Amount, If Any, Interest And Additional Amounts.

      

      

      Notwithstanding any other provision in this Indenture, the Holder of any Security or coupon shall have the right which is absolute and unconditional to receive payment of the principal of (and
        premium or Make-Whole Amount, if any) and (subject to Section 305 and Section 307) interest on, and any Additional Amounts in respect of, such Security or payment of such coupon on the respective due dates expressed in such Security or coupon (or,
        in the case of redemption, on the Redemption Date), to convert or exchange such Securities in accordance with Article Sixteen and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent
        of such Holder.

      

      

      
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      Section 509 Restoration Of Rights And Remedies.

      

      

      If the Trustee or any Holder of a Security or coupon has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any
        reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the Company, the Trustee and the Holders of Securities and coupons 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 with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or coupons in the last paragraph of Section 306, no right or remedy herein
        conferred upon or reserved to the Trustee or to the Holders of Securities or coupons 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 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 any 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 of Securities or coupons, as the case may be.

      

      

      Section 512 Control By Holders Of Securities.

      

      

      The Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any
        proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series, provided that

      

      

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

      

      

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

      

      

      (3) the Trustee need not take any action which might involve it in personal liability or be unduly prejudicial to the Holders of Securities of such series not joining therein (but the Trustee shall
        have no obligation as to the determination of such undue prejudice).

      

      

      Section 513 Waiver Of Past Defaults.

      

      

      The Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series and any related
        coupons consent to the waiver of 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 or Make-Whole Amount, if any) or interest including Additional Amounts payable in respect of any Security of such series or any related coupons,
        or

      

      

      (2) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected.

      

      

      
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      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 Event of Default or impair any right consequent thereon.

      

      

      Section 514 Waiver Of Stay, Usury 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
        usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all
        benefit 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.

      

      

      Section 515 Undertaking For Costs.

      

      

      All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the
        enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that
        such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the
        provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities, or to any suit
        instituted by any Holder for the enforcement of the payment of the principal of (or premium or Make-Whole Amount, if any) or interest on or Additional Amounts payable with respect to any Security on or after the respective Stated Maturities
        expressed in such Security (or in the case of redemption, on or after the Redemption Date) or to enforce the right to convert or exchange any Security in accordance with Article Sixteen.

      

      

      ARTICLE SIX

      THE TRUSTEE

      

      

      Section 601 Notice Of Defaults.

      

      

      Within 90 days after the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall transmit in the manner and to the extent provided in TIA Section 313(c),
        notice of such default hereunder actually known to a Responsible Officer of the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium or
        Make-Whole Amount, if any) or interest on or any Additional Amounts with respect to any Security of such series, or in the payment of any sinking fund installment with respect to the Securities of such series, the Trustee shall be protected in
        withholding such notice if and so long as Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders of the Securities and coupons of such series; and provided further that in
        the case of any default or breach of the character specified in Section 501(4) with respect to the Securities and coupons of such series, no such notice to Holders shall be given until at least 60 days after the occurrence thereof. For the purpose
        of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to the Securities of such series.

      

      

      Section 602 Certain Duties, Responsibilities And Rights Of Trustee.

      

      

      (a) The Trustee’s duties and responsibilities under this Indenture shall be governed by the Trust Indenture Act.

      

      

      (b) Subject to the provisions of TIA Section 315(a) through 315(d):

      

      

      
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      (1) except during the continuance of an Event of Default, the Trustee shall perform only such duties as are expressly undertaken by it to perform under this Indenture and no implied covenants or
        obligations shall be read into this Indenture against the Trustee;

      

      

      (2) the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any 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;

      

      

      (3) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order (other than delivery of any Security, together with any coupons
        appertaining thereto, to the Trustee for authentication and delivery pursuant to Section 303 which shall be sufficiently evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently evidenced by a Board
        Resolution;

      

      

      (4) 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, rely upon an Officers’ Certificate;

      

      

      (5) the Trustee may consult with counsel and as a condition to the taking, suffering or omission of any action hereunder may demand an Opinion of Counsel, and the advice of such counsel or any
        Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon;

      

      

      (6) 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 Securities of any series or
        any related coupons pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request
        or direction;

      

      

      (7) 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 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;

      

      

      (8) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, attorneys, custodians or nominees and the Trustee shall
        not be responsible for any misconduct or negligence on the part of any agent, attorney, custodian or nominee appointed with due care by it hereunder;

      

      

      (9) if the Trustee is acting as Paying Agent or Transfer Agent and Registrar hereunder, the rights, indemnities and protections afforded to the Trustee pursuant to this Article VI shall also be
        afforded to such Paying Agent or Transfer Agent and Registrar;

      

      

      (10) the Trustee shall not be deemed to have knowledge of any Event of Default unless the Trustee shall have received written notice, or a Responsible Officer charged with the administration of
        this Indenture shall have actual knowledge of such Event of Default;

      

      

      (11) the Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers
        conferred upon it by this Indenture. The Trustee shall not be required 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 indemnity satisfactory to it against such risk or liability is not reasonably assured to it;

      

      

      
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      (12) the Trustee shall not be liable for special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee has been advised
        of the likelihood of such loss or damage and regardless of the form of action; and

      

      

      (13) the Trustee shall not be responsible or liable for any failure or delay in the performance of its obligations under this Indenture arising out of or caused by, directly or indirectly, forces
        beyond its control, including without limitation strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities,
        communications or computer (software or hardware) services.

      

      

      Section 603 Not Responsible For Recitals Or Issuance Of Securities.

      

      

      The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, and in any coupons shall be taken as the statements of the Company, and neither the Trustee
        nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or coupons, except that the Trustee represents that it is
        duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities
        or the proceeds thereof.

      

      

      Section 604 May Hold Securities.

      

      

      The Trustee, any Paying Agent, Security Registrar, Authenticating Agent or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Securities and
        coupons and, subject to Section 613 and TIA Section 310(b) and Section 311, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar, Authenticating Agent or such other agent.

      

      

      Section 605 Money Held In Trust.

      

      

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

      

      

      Section 606 Compensation And Reimbursement.

      

      

      The Company agrees:

      

      

      (1) to pay to the Trustee from time to time reasonable compensation for all services rendered by it hereunder, including extraordinary services rendered in connection with or during the
        continuation of a default hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust);

      

      

      (2) to reimburse each of the Trustee and any predecessor Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by it in accordance with any provision of
        this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except to the extent any such expense, disbursement or advance may be attributable to its gross negligence or bad faith; and

      

      

      (3) to indemnify each of the Trustee and any predecessor Trustee and each of their respective directors, officers, agents and employees for, and to hold each of them harmless against, any loss,
        liability or expense, arising out of or in connection with the acceptance or administration of the trust or trusts or the performance of its duties hereunder, including the costs and expenses of defending itself against any claim or liability in
        connection with the exercise or performance of any of its powers or duties hereunder except to the extent any such loss, liability or expense may be attributable to its own gross negligence or bad faith.

      

      

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

      

      

      Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee incurs expenses or renders services in connection with an Event of Default described in Section
        501(6) and (7), such expenses (including the fees and expenses of its counsel) and the compensation for such services are intended to constitute expenses of administration under any Bankruptcy Law.

      

      

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

      

      

      Section 607 Corporate Trustee Required; Eligibility.

      

      

      There shall at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least $50,000,000. If such
        Trustee or Person publishes reports of condition at least annually, pursuant to law or the requirements of Federal, State, Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section, the combined
        capital and surplus of such Trustee or Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee 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 608 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
        in accordance with the applicable requirements of Section 609.

      

      

      (b) The Trustee may resign at any time with respect to the 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 any court of competent jurisdiction for the appointment of a successor Trustee.

      

      

      (c) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in aggregate principal amount of the Outstanding 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 the provisions of Section 613 or TIA Section 310(b) after written request therefor by the Company or by any Holder of a Security who has been a bona fide
        Holder of a Security for at least six months, or

      

      

      (2) the Trustee shall cease to be eligible under Section 607 and shall fail to resign after written request therefor by the Company or by any Holder of a Security who has been a bona fide Holder of
        a Security for at least six months, or

      

      

      (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take
        charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case, (i) the Company by or pursuant to a Board Resolution may remove the Trustee and appoint a
        successor Trustee with respect to all Securities, or (ii) subject to TIA Section 315(e), any Holder of a Security who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated,
        petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees.

      

      

      
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      (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause with respect to the Securities of one or more series,
        the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to
        the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall comply with the requirements of Section 609.

      

      

      If, within one year after such resignation, removal or incapacity, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of
        the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the 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 Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the
        Company or the Holders of Securities and accepted appointment in the manner hereinafter provided, any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others
        similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to Securities of such series.

      

      

      (f) The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the
        Securities of any series to the Holders of Securities of such series in the manner provided for notices to the Holders of Securities in Section 106. Each notice shall include the name of the successor Trustee with respect to the Securities of such
        series and the address of its Corporate Trust Office.

      

      

      Section 609 Acceptance Of Appointment By Successor.

      

      

      (a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee 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, 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, subject nevertheless to its claim, if any,
        provided for in Section 606.

      

      

      (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with
        respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto, pursuant to Article Nine hereof, 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 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 Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the
        retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (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 Securities of that or those series to which the appointment of such successor Trustee relates; but, on 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 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 610 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 execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities or coupons shall have been authenticated, but not delivered, by the Trustee then in office, any
        successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities or coupons so authenticated with the same effect as if such successor Trustee had itself authenticated such
        Securities or coupons. In case any Securities or coupons shall not have been authenticated by such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities or coupons, 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 611 Appointment Of Authenticating Agent.

      

      

      At any time when any of the Securities remain Outstanding, the Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to
        act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, registration of transfer or partial redemption or repayment thereof or pursuant to Section 306, and Securities so authenticated shall be entitled to the
        benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment shall be evidenced by an instrument in writing signed by a Responsible Officer of the Trustee, a copy
        of which instrument shall be promptly furnished to the Company. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be
        deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be reasonably
        acceptable to the Company and, except as may otherwise be provided pursuant to Section 301, shall at all times be a bank or trust company or corporation organized and doing business and in good standing under the laws of the United States of
        America or of any State or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State
        authorities. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and
        surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time an Authenticating Agent shall cease to be eligible in accordance with
        the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section.

      

      

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

      

      

      An Authenticating Agent for any series of Securities may at any time resign by giving written notice of resignation to the Trustee for such series and to the Company. The Trustee for any series of
        Securities may at any time terminate the agency of an Authenticating Agent 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 such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee for such series may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give
        notice of such appointment to all Holders of Securities of or within the series with respect to which such Authenticating Agent will serve in the manner set forth in Section 106. Any successor Authenticating Agent upon acceptance of its appointment
        hereunder shall become vested with all the 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 including reimbursement of its reasonable expenses for its services under this Section.

      

      

      If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to or in lieu of the Trustee’s
        certificate of authentication, an alternate certificate of authentication substantially in the following form:

      

      

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

      

      

      	 	 	
              , as Trustee

            

      

      

      	 	
              By:

            	 	
              , as Authenticating Agent

            
	 	
              By:

            	 	
              , Authorized Officer

            

      

      

      Section 612 Certain Duties And Responsibilities.

      

      

      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 indemnity satisfactory to it against such risk or liability is not reasonably assured to it. Whether or not therein expressly
        so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section.

      

      

      Section 613 Conflicting Interests.

      

      

      If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner
        provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by such Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with
        respect to Securities of more than one series. In case an Event of Default shall occur and be continuing, the Trustee shall exercise such of its rights and powers under the applicable 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 own affairs.

      

      

      Section 614 Preferential Collection Of Claims Against Company.

      

      

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

      

      

      
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      ARTICLE SEVEN

      HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

      

      

      Section 701 Disclosure Of Names And Addresses Of Holders.

      

      

      Every Holder of Securities or coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any Authenticating Agent nor any
        Paying Agent nor any Security Registrar nor any director, officer, agent or employee of any of them shall be held accountable by reason of the disclosure of any information as to the names and addresses of the Holders of Securities or coupons in
        accordance with TIA Section 312, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under TIA Section 312(b).

      

      

      Section 702 Reports By Trustee.

      

      

      Within 60 days after March 15 of each year commencing with the first March 15 after the first issuance of Securities pursuant to this Indenture, the Trustee shall transmit by mail to all Holders of
        Securities as provided in TIA Section 313(c) a brief report dated as of such March 15 if and to the extent required by TIA Section 313(a).

      

      

      A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with the Commission and with the Company and, provided the Trustee has received written
        notification by the Company that any Securities are listed on any stock exchange, with each stock exchange upon which the Trustee has been so notified that such Securities are listed.

      

      

      Section 703 Reports By Company.

      

      

      The Company will:

      

      

      (1) file with the Commission copies of annual reports, quarterly reports and other documents which the Company is required to file pursuant to Section 13 or 15(d) of the Exchange Act, and the
        Company will promptly, upon written request and payment of the reasonable cost of duplication and delivery, supply copies of such documents to any prospective Holder;

      

      

      (2) file with the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance
        by the Company with the conditions and covenants of this Indenture as may be required from time to time by such rules and regulations; and

      

      

      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).

      

      

      Section 704 Company To Furnish Trustee Names And Addresses Of Holders.

      

      

      The Company will furnish or cause to be furnished to the Trustee:

      

      

      (1) semi-annually, not later than 15 days after the Regular Record Date for interest for each series of Securities, a list, in such form as the Trustee may reasonably require, of the names and
        addresses of the Holders of Registered Securities of such series as of such Regular Record Date, or if there is no Regular Record Date for interest for such series of Securities, semi-annually, upon such dates as are set forth in the Board
        Resolution or indenture supplemental hereto authorizing such series, 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, so long as the Trustee is the Security Registrar, no such lists shall be required to be furnished.

      

      

      
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      ARTICLE EIGHT

      CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE

      

      

      Section 801 Consolidations And Mergers Of Company And Sales, Leases And Conveyances Permitted Subject To Certain Conditions.

      

      

      With respect to any series of Securities, the Company shall not consolidate with, or sell, lease, transfer, convey or otherwise dispose of all or substantially all of its assets, in one transaction
        or a series of related transactions, to, or merge with or into, any other Person, unless in any such case, (i) either the Company shall be the continuing entity, or the successor entity (if other than the Company) shall (a) be a corporation
        organized and existing under the laws of the United States of America, any State thereof, or the District of Columbia, and (b) expressly assume the due and punctual payment of the principal of (and premium or Make-Whole Amount, if any) and any
        interest (including all Additional Amounts, if any, payable pursuant to Section 1011) on all of the Securities of such series, according to their tenor, and the due and punctual performance and observance of all of the other covenants, conditions
        and obligations under such Securities and this Indenture (together with any supplement or supplemental indenture relating to such series of Securities) applicable to such series to be performed by the Company by supplemental indenture, complying
        with Article Nine hereof, satisfactory to the Trustee, executed and delivered to the Trustee by such Person, and the conversion or exchange rights shall be provided for in accordance with Article Sixteen, if applicable, or as otherwise specified
        pursuant to Section 301; and (ii) immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Company or any Subsidiary as a result thereof as having been incurred by the Company or such
        Subsidiary at the time of such transaction, no Event of Default applicable to such series, and no event which, after notice or the lapse of time, or both, would become an Event of Default applicable to such series, shall have occurred and be
        continuing.

      

      

      For purposes of this Section 801, the sale, lease, transfer, conveyance or disposition of all or substantially all of the assets of one or more Subsidiaries of the Company to another Person, which
        assets, if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the assets of the Company on a consolidated basis, shall be deemed to be the sale, conveyance, transfer or lease of all or substantially all
        of the assets of the Company to another Person.

      

      

      Section 802 Rights And Duties Of Successor Corporation.

      

      

      In case of any such consolidation, merger, sale, lease or conveyance and upon any such assumption by the successor entity, such successor entity shall succeed to and be substituted for the Company,
        with the same effect as if it had been named herein as the party of the first part, and the predecessor entity, except in the event of a lease, shall be relieved of any further obligation applicable to such series under this Indenture and the
        Securities of such series. Such successor entity thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Securities of such series issuable hereunder which theretofore shall not have
        been signed by the Company and delivered to the Trustee; and, upon the order of such successor entity, instead of the Company, and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and
        shall deliver any Securities of such series which previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities of such series which such successor entity thereafter shall cause
        to be signed and delivered to the Trustee for that purpose. All the Securities of such series so issued shall in all respects have the same legal rank and benefit under this Indenture as the Securities of such series theretofore or thereafter
        issued in accordance with the terms of this Indenture as though all of such Securities had been issued at the date of the execution hereof.

      

      

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

      

      

      
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      Section 803 Officers’ Certificate And Opinion Of Counsel.

      

      

      Any consolidation, merger, sale, lease or conveyance permitted under Section 801 is also subject to the condition that the Trustee receive an Officers’ Certificate and an Opinion of Counsel to the
        effect that any such consolidation, merger, sale, lease or conveyance, and the assumption by any successor entity, complies with the provisions of this Article and that all conditions precedent herein provided for relating to such transaction have
        been complied with.

      

      

      ARTICLE NINE

      SUPPLEMENTAL INDENTURES

      

      

      Section 901 Supplemental Indentures Without Consent Of Holders.

      

      

      Except as may otherwise be provided pursuant to Section 301 for all or any specific Securities of any series, without the consent of any Holders of Securities or coupons, the Company, when
        authorized by or pursuant to 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 reasonably satisfactory to the Trustee, for any of the following purposes:

      

      

      (1) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company herein and in the Securities; or

      

      

      (2) to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (and, if such covenants are to be for the benefit of less than all series of Securities,
        stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company; or

      

      

      (3) to add any additional Events of Default for the benefit of the Holders of all or any series of Securities (and if such Events of Default are to be for the benefit of less than all series of
        Securities, stating that such Events of Default are expressly being included solely for the benefit of such series); provided, however, that in respect of any such additional Events of Default such supplemental indenture may provide for a
        particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such default or may limit the remedies available to the Trustee upon
        such default or may limit the right of the Holders of a majority in aggregate principal amount of that or those series of Securities to which such additional Events of Default apply to waive such default; or

      

      

      (4) to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be registrable as to principal, to permit Bearer Securities to be issued in exchange for
        Registered Securities, to permit Bearer Securities to be issued in exchange for Bearer Securities of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated form, provided that any such action shall
        not adversely affect the rights or interests of the Holders of Securities of any series or any related coupons in any material respect; or

      

      

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

      

      

      (6) to secure the Securities; or

      

      

      (7) to establish the form or terms of Securities of any series and any related coupons as permitted by Section 201 and Section 301, including the provisions and procedures relating to Securities
        convertible into or exchangeable for other securities or property of the Company; or

      

      

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

      

      

      
        42

        
          

      

      (9) to make provision with respect to the conversion or exchange rights of Holders pursuant to the requirements of Article Sixteen, including providing for the conversion or exchange of the
        securities into any security or property of the Company; provided in each case that any such action shall not adversely affect the rights or interests of the Holders of Securities of such series and any related coupons or any other series of
        Securities in any material respect; or

      

      

      (10) 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 the provisions of this Indenture or to make any other changes, provided that in each case, such provisions shall not adversely affect the rights or interests of
        the Holders of Securities of any series or any related coupons in any material respect; or

      

      

      (11) to close this Indenture with respect to the authentication and delivery of additional series of Securities or to qualify, or maintain qualification of, this Indenture under the TIA; or

      

      

      (12) to provide for or add or remove guarantors with respect to Securities of any series;

      

      

      (13) to conform any provision contained in this Indenture or any supplement or supplemental indenture thereto to the descriptions of the Securities of any series contained in the Company’s final prospectus supplement or offering memorandum (under the heading “Description of Notes,” “Description
          of Debt Securities” or otherwise) relating to such series of Securities; or

      

      

      (14) to make any change that does not adversely affect the rights or interests of any Holder of any Securities.

      

      

      Section 902 Supplemental Indentures With Consent Of Holders.

      

      

      Except as may otherwise be provided pursuant to Section 301 for all or any specific Securities of any series, with the consent of the Holders of not less than a majority in aggregate principal
        amount of all Outstanding Securities affected by such supplemental indenture, considered together as one class for this purpose (such affected Securities may be Securities of the same or different series and, with respect to any series, may
        comprise fewer than all the Securities of such series), by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee may enter into an indenture or indentures
        supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of such affected Securities and any related
        coupons under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby:

      

      

      (1) change the Stated Maturity of the principal of (or premium or Make-Whole Amount, if any, on) or any installment of principal of or interest on, any Security; or reduce the principal amount
        thereof or the rate or amount of interest thereon or any Additional Amounts payable in respect thereof, or any premium or Make-Whole Amount payable upon the redemption thereof, or change any obligation of the Company to pay Additional Amounts
        pursuant to Section 1011 (except as contemplated by Section 801(i) and permitted by Section 901(1)), or reduce the amount of the principal of an Original Issue Discount Security or Indexed Security or Make-Whole Amount, if any, that would be due
        and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502 or the amount thereof provable in bankruptcy pursuant to Section 504, or adversely affect any right of repayment at the option of the Holder of any
        Security, or change any Place of Payment where, or the currency or currencies, currency unit or units or composite currency or currencies in which, the principal of any Security or any premium or Make-Whole Amount or any Additional Amounts payable
        in respect thereof or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repayment at the option of the Holder, on
        or after the Redemption Date or the Repayment Date, as the case may be); or

      

      

      
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      (2) reduce the percentage in principal amount of the Outstanding 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 with respect to such series (or 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 1504
        for quorum or voting; or

      

      

      (3) modify any of the provisions of this Section, Section 513 or Section 1012, except to increase the required percentage to effect such action or to provide that certain other provisions of this
        Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby;

      

      

      (4) make any change that adversely affects the right to convert or exchange any Security as provided in Article Sixteen or pursuant to Section 301 (except as permitted by Section 901(9)) or
        decrease the conversion or exchange rate or increase the conversion or exchange price of any such Security; or

      

      

      (5) adversely affect the ranking of any Securities.

      

      

      It shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the
        substance thereof.

      

      

      A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included for the benefit of one or more particular series of
        Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series.

      

      

      Section 903 Execution Of Supplemental Indentures.

      

      

      In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modification thereby of the trusts created by this Indenture, the Trustee
        shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel and an Officers’ Certificate stating that the execution of such supplemental indenture is authorized or permitted by this Indenture and that all
        conditions precedent to the execution of such supplemental indenture have been complied with. 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 Securities theretofore or thereafter authenticated and delivered hereunder and of any coupon 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 Securities To Supplement Indentures.

      

      

      Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form
        approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series 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 Securities of such series.

      

      

      
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      Section 907 Notice Of Supplemental Indentures.

      

      

      Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of Section 902, the Company shall give notice thereof to the Holders of each
        Outstanding Security affected, in the manner provided for in Section 106, setting forth in general terms the substance of such supplemental indenture.

      

      

      ARTICLE TEN

      COVENANTS

      

      

      Section 1001 Payment Of Principal, Premium Or Make-Whole Amount, If Any, Interest And Additional Amounts.

      

      

      The Company covenants and agrees for the benefit of the Holders of each series of Securities that it will duly and punctually pay the principal of (and premium or Make-Whole Amount, if any) and
        interest on and any Additional Amounts payable in respect of the Securities of that series in accordance with the terms of such series of Securities, any coupons appertaining thereto and this Indenture. Unless otherwise specified as contemplated by
        Section 301 with respect to any series of Securities, any interest due on and any Additional Amounts payable in respect of Bearer Securities on or before Maturity, other than Additional Amounts, if any, payable as provided in Section 1011 in
        respect of principal of (or premium or Make-Whole Amount, if any, on) such a Security, shall be payable only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature.
        Unless otherwise specified with respect to Securities of any series pursuant to Section 301, at the option of the Company, all payments of principal may be paid by check to the registered Holder of the Registered Security or other person entitled
        thereto against surrender of such Security.

      

      

      Section 1002 Maintenance Of Office Or Agency.

      

      

      If Securities of a series are issued as Registered Securities, the Company shall maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series
        may be presented or surrendered for payment or conversion, where Securities of that series may be surrendered for registration of transfer or exchange, where Securities of that series may be converted or exchanged in accordance with Article
        Sixteen, and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. If Securities of a series are issued as Bearer Securities, the Company will maintain: (A) in the City of
        Oklahoma City, Oklahoma, or in the Borough of Manhattan, The City of New York, an office or agency where any Registered Securities of that series may be presented or surrendered for payment or conversion, where any Registered Securities of that
        series may be surrendered for exchange, where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served and where Bearer Securities of that series and related coupons may be presented or
        surrendered for payment or conversion in the circumstances described in the following paragraph (and not otherwise); (B) subject to any laws or regulations applicable thereto, in a Place of Payment for that series which is located outside the
        United States, an office or agency where Securities of that series and related coupons may be presented and surrendered for payment (including payment of any Additional Amounts payable on Securities of that series pursuant to Section 1011) or
        conversion.

      

      

      Unless otherwise specified with respect to any Securities pursuant to Section 301, no payment of principal, premium, Make-Whole Amount or interest on or Additional Amounts in respect of 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, that,
        if the Securities of a series are payable in Dollars, payment of principal of and any premium and interest on any Bearer Security (including any Additional Amounts or Make-Whole Amount payable on Securities of such series pursuant to Section 1011)
        shall be made at the office of the Company’s Paying Agent in the City of Oklahoma City, Oklahoma, or the Borough of Manhattan, The City of New York, if (but only if) payment in Dollars of the full amount of such principal, premium, interest,
        Additional Amounts or Make-Whole Amount, as the case may be, at all offices or agencies 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.

      

      

      
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      The Company may from time to time designate one or more other offices or agencies where the Securities of one or more series and related coupons, if any, may be presented or surrendered for any or
        all of 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 accordance with the
        requirements set forth above for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency.

      

      

      Unless otherwise specified with respect to any Securities pursuant to Section 301 with respect to a series of Securities, the Company hereby designates as a Place of Payment for each series of
        Securities the office or agency of the Company in the contiguous United States, and initially appoints the Trustee at its Corporate Trust Office as Paying Agent and as its agent to receive all such presentations, surrenders, notices and demands;
        provided that, the Corporate Trust Office shall not be an office or agency of the Company for service of legal process on the Company.

      

      

      Unless otherwise specified with respect to any Securities pursuant to Section 301, if and so long as the Securities of any series (i) are denominated in a Foreign Currency or (ii) may be payable in
        a Foreign Currency, or so long as it is required under any other provision of the Indenture, then the Company will maintain with respect to each such series of Securities, or as so required, at least one Exchange Rate Agent.

      

      

      Section 1003 Money For 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 any Securities and any related coupons, it will, on or before each due date of the principal of (and
        premium or Make-Whole Amount, if any), or interest on or Additional Amounts in respect of, any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the currency or currencies,
        currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) sufficient to pay the principal (and premium or
        Make-Whole Amount, if any) or interest or Additional Amounts so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act.

      

      

      Whenever the Company shall have one or more Paying Agents for any series of Securities and any related coupons, it will, on or before each due date of the principal of (and premium or Make-Whole
        Amount, if any), or interest on or Additional Amounts in respect of, any Securities of that series, deposit with a Paying Agent a sum (in the currency or currencies, currency unit or units or composite currency or currencies described in the
        preceding paragraph) sufficient to pay the principal (and premium or Make-Whole Amount, if any) or interest or Additional Amounts, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium,
        Make-Whole Amount or interest or Additional Amounts 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 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 principal of (and premium or Make-Whole Amount, if any) or interest on Securities or Additional Amounts 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 written notice of any default by the Company (or any other obligor upon the Securities) in the making of any such payment of principal (and premium or Make-Whole Amount, if
        any) or interest or Additional Amounts; 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.

      

      

      
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      The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture 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 sums.

      

      

      Except as otherwise provided in the Securities of any series, 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 or Make-Whole Amount, if any) or interest on, or any Additional Amounts in respect of, any Security of any series and remaining unclaimed for two years after such principal (and premium or Make-Whole Amount, if any), interest or
        Additional Amounts has become due and payable shall be paid to the Company upon Company Request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general
        creditor, look only to the Company for payment of such principal of (and premium or Make-Whole Amount, if any) or interest on, or any Additional Amounts in respect of, any Security, without interest thereon, and all liability of the Trustee or such
        Paying Agent with respect to such trust money, 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, may at the
        expense of the Company cause to be published once, in an Authorized Newspaper, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed
        balance of such money then remaining will be repaid to the Company.

      

      

      Section 1004 Existence.

      

      

      Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence as a corporation.

      

      

      Section 1005 Statement As To Compliance.

      

      

      The Company will deliver to the Trustee within 120 days after the end of each fiscal year, a brief certificate from the principal executive officer, principal financial officer or principal
        accounting officer as to his or her knowledge of the Company’s compliance with all conditions and covenants under this Indenture and, in the event of any noncompliance, specifying such noncompliance and the nature and status thereof. For purposes
        of this Section 1010, such compliance shall be determined without regard to any period of grace or requirement of notice under this Indenture.

      

      

      Section 1006 Additional Amounts.

      

      

      If any Securities of a series provide for the payment of Additional Amounts, the Company will pay to the Holder of any Security of such series or any coupon appertaining thereto Additional Amounts
        as may be specified as contemplated by Section 301. Whenever in this Indenture there is mentioned, in any context except in the case of Section 502(1), the payment of the principal of or any premium, Make-Whole Amount or interest on, or in respect
        of, any Security of any series or payment of any related coupon or the net proceeds received on the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided by the
        terms of such series established pursuant to Section 301 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms 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.

      

      

      
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      Except as otherwise specified as contemplated by Section 301, if the 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 Securities (or if the Securities of that series will not bear interest prior to Maturity, the first day on which a payment of principal and any premium is made), and at least 10 days prior to each date of payment of
        principal and any premium or Make-Whole Amount 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 any premium or interest on the Securities of that series shall
        be made to Holders of Securities of that series or any related coupons who are not United States Persons without withholding for or on account of any tax, assessment or other governmental charge described in the Securities of or within the 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 Securities of that series or related coupons and the Company will
        pay to the Trustee or such Paying Agent the Additional Amounts, if any, required by the terms of such Securities. In the event that the Trustee or any Paying Agent, as the case may be, shall not so receive the above mentioned certificate, then the
        Trustee or such Paying Agent shall be entitled (i) to assume that no such withholding or deduction is required with respect to any payment of principal or interest with respect to any Securities of a series or related coupons until it shall have
        received a certificate advising otherwise and (ii) to make all payments of principal and interest with respect to the Securities of a series or related coupons without withholding or deductions until otherwise advised. The Company covenants to
        indemnify the Trustee and any Paying Agent and their respective officers, directors, employees and agents for, and to hold them harmless against, any loss, liability or expense (including legal fees and expenses) reasonably incurred without gross
        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 or in reliance on the Company’s not furnishing such an
        Officers’ Certificate.

      

      

      Section 1007 Waiver Of Certain Covenants.

      

      

      The Company may omit in any particular instance to comply with any covenant set forth in Section 1004 or any covenants of the Company added to this Article Ten pursuant to Section 301(14) or
        Section 301(15) in connection with the Securities of a series (except any such term, provision or condition which could not be amended without the consent of Holders of all Securities of such series pursuant to Section 902 or the specific terms of
        such series), if before or after the time for such compliance the Holders of at least a majority in aggregate principal amount of all Outstanding Securities of such series, 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 shall remain in full force and effect.

      

      

      ARTICLE ELEVEN

      REDEMPTION OF SECURITIES

      

      

      Section 1101 Applicability Of Article.

      

      

      Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for
        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 Securities, including coupons, if any shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the election of the Company,
        the Company shall, at least 30 days and not more than 60 days prior to the giving of the notice of redemption in Section 1104 (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee, in writing, of such Redemption Date,
        Redemption Price and of the principal amount of Securities of the series to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere
        in this Indenture or pursuant to an election of the Company which is subject to a condition specified in the terms of such Securities, the Company shall furnish the Trustee with an Officers’ Certificate and Opinion of Counsel evidencing compliance
        with such restriction or condition.

      

      

      
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      Section 1103 Selection By Trustee Of Securities To Be Redeemed.

      

      

      If less than all the Securities of any series are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from
        the Outstanding Securities of such series issued on such date with the same terms not previously called for redemption, pro rata, by lot or by such method as the Trustee shall deem fair and appropriate and in the case of global Securities, in
        accordance with the procedures of the Depository; provided that such method complies with the rules of any national securities exchange or quotation system on which the Securities are listed, and which may provide for the selection for redemption
        of portions (equal to the minimum authorized denomination for Securities of that series or any integral multiple permitted by such Securities of that series) of the principal amount of Securities of such series of a denomination larger than the
        minimum authorized denomination for Securities of that series; provided, however, that no such partial redemption shall reduce the portion of the principal amount of a Security not redeemed to less than the minimum authorized denomination for
        Securities of such series. The Trustee shall make the selection from Securities of the series that are Outstanding and that have not previously been called for redemption and may provide for the selection for redemption of portions (equal to the
        minimum authorized denomination for Securities, including coupons, if any, of that series or any integral multiple permitted by such Securities of that series).

      

      

      If any Security selected for partial redemption is converted in part before termination of the conversion or exchange right with respect to the portion of the Security so selected, the converted or
        exchanged portion of such Security shall be deemed (so far as may be) to be the portion selected for redemption. Securities which have been converted or exchanged during a selection of Securities to be redeemed shall be treated by the Trustee as
        Outstanding for the purpose of such selection. In any case where more than one Security is registered in the same name, the Trustee in its discretion may treat the aggregate principal amount so registered as if it were represented by one Security.

      

      

      The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any 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 Securities shall relate, in the case of any Security redeemed or to be
        redeemed only in part, to the portion of the principal amount of such 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 days nor more than 60 days prior to the Redemption Date, unless a shorter period is specified by the
        terms of such series established pursuant to Section 301, to each Holder of Securities to be redeemed, but failure to give such notice in the manner herein provided to the Holder of any Security designated for redemption as a whole or in part, or
        any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other such Security or portion thereof.

      

      

      Any notice that is mailed to the Holders of Registered Securities in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the Holder receives the
        notice.

      

      

      All notices of redemption shall state:

      

      

      (1) the Redemption Date;

      

      

      (2) the Redemption Price (or if not then ascertainable, the manner of calculation thereof), accrued interest to the Redemption Date payable as provided in Section 1106, if any, and Additional
        Amounts, if any;

      

      

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

      

      

      (4) in case any Security is to be redeemed in part only, that on and after the Redemption Date, upon surrender of such Security, the holder will receive, without a charge, a new Security or
        Securities of authorized denominations for the principal amount thereof remaining unredeemed;

      

      

      
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      (5) that on the Redemption Date the Redemption Price and accrued interest to the Redemption Date payable as provided in Section 1106, if any, will become due and payable upon each such Security, or
        the portion thereof, to be redeemed and, if applicable, that interest thereon shall cease to accrue on and after said date;

      

      

      (6) the Place or Places of Payment where such Securities, together in the case of Bearer Securities with all coupons appertaining thereto, if any, maturing after the Redemption Date, are to be
        surrendered for payment of the Redemption Price and accrued interest, if any, or for conversion or exchange;

      

      

      (7) that the redemption is for a sinking fund, if such is the case;

      

      

      (8) that, unless otherwise specified in such notice, Bearer Securities of any series, if any, surrendered for redemption must be accompanied by all coupons maturing subsequent to the date fixed for
        redemption or the amount of any such missing coupon or coupons will be deducted from the Redemption Price, unless security or indemnity satisfactory to the Company, the Trustee for such series and any Paying Agent is furnished;

      

      

      (9) if Bearer Securities of any series are to be redeemed and any Registered Securities of such series are not to be redeemed, and if such Bearer Securities may be exchanged for Registered
        Securities not subject to the redemption on this Redemption Date pursuant to Section 305 or otherwise, the last date, as determined by the Company, on which such exchanges may be made;

      

      

      (10) the CUSIP number of such Security, if any, provided that neither the Company nor the Trustee shall have any responsibility for any such CUSIP number; and

      

      

      (11) if applicable, that a Holder of Securities who desires to convert or exchange Securities to be redeemed must satisfy the requirements for conversion or exchange contained in such Securities,
        the then existing conversion or exchange price or rate and the date and time when the option to convert or exchange shall expire and the place or places where such Securities may be surrendered for conversion.

      

      

      Notice of redemption of Securities to be redeemed shall be given by the Company or, at the Company’s written 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, which it may not do in the case of a
        sinking fund payment under Article Twelve, segregate and hold in trust as provided in Section 1003) an amount of money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series
        are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) sufficient to pay on the Redemption Date the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued
        interest on, all the Securities or portions thereof which are to be redeemed on that date.

      

      

      Section 1106 Securities Payable On Redemption Date.

      

      

      Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified in the currency
        or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) (together with accrued interest,
        if any, to the Redemption Date), and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall, if the same were interest-bearing, 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. Except as provided in the next succeeding paragraph, upon surrender of any such Security for redemption in
        accordance with said notice, together with all coupons, if any, appertaining thereto maturing after the Redemption Date, such Security shall be paid by the Company at the Redemption Price, together with accrued interest, if any, 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 at an office or agency located outside the United States (except as otherwise provided in
        Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of coupons for such interest; and provided further that except as otherwise provided with respect to Securities convertible or
        exchangeable into other securities or property of the Company, 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 Securities, or one or more
        Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307.

      

      

      
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      If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant coupons maturing after the Redemption Date, such 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 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; provided, however, that interest (and any Additional Amounts) represented by coupons shall be payable only at an office or agency located outside the United States
        (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of those coupons. If any Security called for redemption shall not be so paid upon surrender thereof
        for redemption, the principal, (and premium or Make-Whole Amount, if any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Security.

      

      

      Section 1107 Securities Redeemed In Part.

      

      

      Any Security which is to be redeemed only in part (pursuant to the provisions of this Article or of Article Twelve) shall be surrendered at a Place of Payment therefor (with, if the Company or the
        Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company 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 Security without service charge a new Security or Securities of the same series, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in
        exchange for the unredeemed portion of the principal of the Security so surrendered.

      

      

      ARTICLE TWELVE

      SINKING FUNDS

      

      

      Section 1201 Applicability Of Article.

      

      

      The provisions of this Article Twelve shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 301 for
        Securities of such series.

      

      

      The minimum amount of any sinking fund payment provided for by the terms of 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 such Securities of any series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of any Securities of any series, the cash amount of any mandatory sinking fund
        payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series.

      

      

      Section 1202 Satisfaction Of Sinking Fund Payments With Securities.

      

      

      The Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of a series, (1) deliver Outstanding Securities of such 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) apply as a credit Securities of such series which have been redeemed either at the election
        of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, as provided for by the terms of such Securities, or which have otherwise been
        acquired by the Company; provided that such Securities so delivered or applied as a credit have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price
        specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

      

      

      
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      Section 1203 Redemption Of Securities For Sinking Fund.

      

      

      Not less than 60 days prior to each sinking fund payment date for Securities of any series, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next
        ensuing mandatory 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 in the currency or currencies, currency unit or units or composite currency or
        currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities
        of that series pursuant to Section 1202, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also deliver to the Trustee any Securities to be so delivered and credited. If such Officers’
        Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company shall thereupon be obligated to pay the amount therein specified. Not more than 60 nor less than 30 days before each
        such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 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 Securities shall be made upon the terms and in the manner stated in Section 1106 and Section 1107.

      

      

      ARTICLE THIRTEEN

      REPAYMENT AT THE OPTION OF HOLDERS

      

      

      Section 1301 Applicability Of Article.

      

      

      Repayment of Securities of any series before their Stated Maturity at the option of Holders thereof shall be made in accordance with the terms of such Securities, if any, and (except as otherwise
        specified by the terms of such series established pursuant to Section 301) in accordance with this Article Thirteen.

      

      

      Section 1302 Repayment Of Securities.

      

      

      Securities of any series subject to repayment in whole or in part at the option of the Holders thereof will, unless otherwise provided in the terms of such Securities, be repaid at a Repayment
        Price equal to the principal amount thereof, together with interest, if any, thereof accrued and unpaid to the Repayment Date specified in or pursuant to the terms of such Securities. The Company covenants that on or before the Repayment Date it
        will 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 in the currency or currencies, currency unit or units or
        composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) sufficient to pay the principal (or, if so provided by the terms of the
        Securities of any series, a percentage of the principal) of, and (except if the Repayment Date shall be an Interest Payment Date) accrued interest on, all the Securities or portion thereof, as the case may be, to be repaid on such date.

      

      

      
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      Section 1303 Exercise Of Option.

      

      

      Securities of any series subject to repayment at the option of the Holders thereof will contain an “Option to Elect Repayment” form on the Securities. In order for any Security to be repaid at the
        option of the Holder, the Trustee must receive at the Place of Payment therefor specified in the terms of such Security (or at such other place or places of which the Company shall from time to time notify the Holders of such Securities) not
        earlier than 60 days nor later than 30 days prior to the Repayment Date (1) the Security so providing for such repayment together with the “Option to Elect Repayment” form duly completed by the Holder (or by the Holder’s attorney duly authorized in
        writing) or (2) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc., or a commercial bank or trust company in the United States setting forth
        the name of the Holder of the Security, the principal amount of the Security, the principal amount of the Security to be repaid, the CUSIP number, if any, or a description of the tenor and terms of the Security, a statement that the option to elect
        repayment is being exercised thereby and a guarantee that the Security to be repaid, together with the duly completed form entitled “Option to Elect Repayment” the Security, will be received by the Trustee not later than the third Business Day
        after the date of such telegram, telex, facsimile transmission or letter; provided, however, that such telegram, telex, facsimile transmission or letter shall only be effective if such Security and form duly completed are received by the Trustee by
        such third Business Day. If less than the entire principal amount of such Security is to be repaid in accordance with the terms of such Security, the principal amount of such Security to be repaid, in increments of the minimum denomination for
        Securities of such series, and the denomination or denominations of the Security or Securities to be issued to the Holder for the portion of the principal amount of such Security surrendered that is not to be repaid, must be specified. The
        principal amount of any Security providing for repayment at the option of the Holder thereof may not be repaid in part if, following such repayment, the unpaid principal amount of such Security would be less than the minimum authorized denomination
        of Securities of or within the series of which such Security to be repaid is a part. Except as otherwise may be provided by the terms of any Security providing for repayment at the option of the Holder thereof, exercise of the repayment option by
        the Holder shall be irrevocable.

      

      

      Section 1304 When Securities Presented For Repayment Become Due And Payable.

      

      

      If Securities of any series providing for repayment at the option of the Holders thereof shall have been surrendered as provided in this Article Thirteen and as provided by or pursuant to the terms
        of such Securities, such Securities or the portions thereof, as the case may be, to be repaid shall become due and payable and shall be paid by the Company on the Repayment Date therein specified, and on and after such Repayment Date (unless the
        Company shall default in the payment of such Securities on such Repayment Date) such Securities for the portion thereof, shall, if the same were interest bearing, cease to bear interest and the coupons for such interest appertaining to any Bearer
        Securities so to be repaid, except to the extent provided below, shall be void. Upon surrender of any such Security for repayment in accordance with such provisions, together with all coupons, if any, appertaining thereto maturing after the
        Repayment Date, the Repayment Price shall be paid by the Company; provided, however, that coupons whose Stated Maturity is on or prior to the Repayment Date shall be payable only at an office or agency located outside the United States (except as
        otherwise provided in Section 1002) and, unless otherwise specified pursuant to Section 301, only upon presentation and surrender of such coupons; and provided further that, in the case of Registered Securities, installments of interest, if any,
        whose Stated Maturity is on or prior to the Repayment Date shall be payable (but without interest thereon, unless the Company shall default in the payment thereof) to the Holders of such Securities, or one or more Predecessor Securities, registered
        as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307.  Surrender of Securities which are to be repaid in part only shall also be subject to Section 1305.

      

      

      If any Bearer Security surrendered for repayment shall not be accompanied by all appurtenant coupons maturing after the Repayment Date, such Security may be paid after deducting from the amount
        payable therefor as provided in Section 1302 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 Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have
        been made as provided in the preceding sentence, such Holder shall be entitled to receive the amount so deducted; 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) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of those coupons. If the principal amount of any Security surrendered for repayment shall not be so
        repaid upon surrender thereof, such principal amount (together with interest, if any, thereon accrued to such Repayment Date) shall, until paid, bear interest from the Repayment Date at the rate of interest or Yield to Maturity (in the case of
        Original Issue Discount Securities) set forth in such Security.

      

      

      
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      Section 1305 Securities Repaid In Part.

      

      

      Upon surrender of any Registered Security which is to be repaid in part only, the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security, without
        service charge and at the expense of the Company, a new Registered Security or Securities of the same series, of any authorized denomination specified by the Holder, in an aggregate principal amount equal to and in exchange for the portion of the
        principal of such Security so surrendered which is not to be repaid.

      

      

      ARTICLE FOURTEEN

      DEFEASANCE AND COVENANT DEFEASANCE

      

      

      Section 1401 Applicability Of Article; Company’s Option To Effect Defeasance Or Covenant Defeasance.

      

      

      If, pursuant to Section 301, provision is made for either or both of (a) defeasance of the Securities of or within a series under Section 1402 or (b) covenant defeasance of the Securities of or
        within a series under Section 1403 to be applicable to the Securities of any series, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this Article Fourteen (with such modifications thereto
        as may be specified pursuant to Section 301 with respect to any Securities), shall be applicable to such Securities and any coupons appertaining thereto, and the Company may at its option by Board Resolution at any time, with respect to such
        Securities and any coupons appertaining thereto, elect to defease such Outstanding Securities and coupons appertaining thereto pursuant to Section 1402 (if applicable) or Section 1403 (if applicable) upon compliance with the conditions set forth
        below in this Article.

      

      

      Section 1402 Defeasance And Discharge.

      

      

      Upon the Company’s exercise of the above option applicable to this Section with respect to any Securities of or within a series, the Company shall be deemed to have been discharged from its
        obligations with respect to such Outstanding Securities and any coupons appertaining thereto on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter, “defeasance”). For this purpose, such defeasance means that the
        Company shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding Securities and any coupons appertaining thereto, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1405
        and the other Sections of this Indenture referred to in clauses (A) and (B) below, and to have satisfied all of its other obligations under such Securities and any coupons appertaining thereto and this Indenture insofar as such Securities and any
        coupons appertaining thereto are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder:
        (A) the rights of Holders of such Outstanding Securities and any coupons appertaining thereto to receive, solely from the trust fund described in Section 1404 and as more fully set forth in such Section, payments in respect of the principal of (and
        premium or Make-Whole Amount, if any) and interest, if any, on such Securities and any coupons appertaining thereto when such payments are due, (B) the Company’s obligations with respect to such Securities under Section 305, Section 306, Section
        1002 and Section 1003 and with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 1011, (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (D) this Article Fourteen.
        Subject to compliance with this Article Fourteen, the Company may exercise its option under this Section notwithstanding the prior exercise of its option under Section 1403 with respect to such Securities and any coupons appertaining thereto.

      

      

      Section 1403 Covenant Defeasance.

      

      

      Upon the Company’s exercise of the above option applicable to this Section with respect to any Securities of or within a series, the Company shall be released from its obligations under Section
        1004 and, if specified pursuant to Section 301, its obligations under any other covenant, with respect to such Outstanding Securities and any coupons appertaining thereto on and after the date the conditions set forth in Section 1404 are satisfied
        (hereinafter, “covenant defeasance”), and such Securities and any coupons appertaining thereto shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the
        consequences of any thereof) in connection with Section 1004, or such other covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant defeasance means that, with respect to such
        Outstanding Securities and any coupons appertaining thereto, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section or such other covenant, whether directly or
        indirectly, by reason of any reference elsewhere herein to any such Section or such other covenant or by reason of reference in any such Section or such other covenant to any other provision herein or in any other document and such omission to
        comply shall not constitute a default or an Event of Default under Section 501(4) or Section 501(8) or otherwise, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities and any coupons appertaining
        thereto shall be unaffected thereby.

      

      

      
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      Section 1404 Conditions To Defeasance Or Covenant Defeasance.

      

      

      The following shall be the conditions to application of Section 1402 or Section 1403 to any Outstanding Securities of or within a series and any coupons appertaining thereto:

      

      

      (a) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 607 who shall agree to comply with the
        provisions of this Article Fourteen applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities and any
        coupons appertaining thereto:

      

      

      (1) an amount in such currency, currencies or currency unit in which such Securities and any coupons appertaining thereto are then specified as payable at Stated Maturity,

      

      

      (2) if Securities of such series are not subject to early repayment at the option of the Holders, United States Government Obligations applicable to such Securities and coupons
        appertaining thereto (determined on the basis of the currency, currencies or currency unit in which such Securities and coupons appertaining thereto are then specified as payable at Stated Maturity) which through the scheduled payment of principal
        and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment of principal of (and premium or Make-Whole Amount, if any) and interest, if any, and Additional Amounts, if any,
        on such Securities and any coupons appertaining thereto, money in an amount, or

      

      

      (3) a combination thereof,

      

      

      in each case, in an amount, sufficient, without consideration of any reinvestment of such principal and interest, in the opinion of a nationally recognized firm of independent public accountants
        expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge: (i) the principal of (and premium or Make-Whole Amount, if
        any) and interest, if any, and Additional Amounts, if any on such Outstanding Securities and any coupons appertaining thereto on the Stated Maturity of such principal or installment of principal or interest and (ii) any mandatory sinking fund
        payments or analogous payments applicable to such Outstanding Securities and any coupons appertaining thereto on the day on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities and any
        coupons appertaining thereto; provided, that the Trustee shall have been irrevocably instructed to apply such money or the proceeds of such United States Government Obligations to said payments with respect to such Securities. Before such a
        deposit, the Company may give to the Trustee, in accordance with Section 1102 hereof, a notice of its election to redeem all or any portion of such Outstanding Securities at a future date in accordance with the terms of the Securities of such
        series and Article Eleven hereof, which notice shall be irrevocable. Such irrevocable redemption notice, if given, shall be given effect in applying the foregoing.

      

      

      (b) Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a breach or default under, this Indenture or any other material agreement or instrument to
        which the Company is a party or by which it is bound (and shall not cause the Trustee to have a conflicting interest pursuant to Section 310(b) of the TIA with respect to any Security of the Company).

      

      

      (c) No Event of Default or event which with notice or lapse of time or both would become an Event of Default with respect to such Securities and any coupons appertaining thereto shall have occurred
        and be continuing on the date of such deposit or, insofar as Section 501(6) and Section 501(7) are concerned, at any time during the period ending on the 91st day after the date of such deposit (it being understood that this condition shall not be
        deemed satisfied until the expiration of such period).

      

      

      
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      (d) In the case of an election under Section 1402, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the beneficial owners of such Outstanding Securities and
        any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income tax on the same amounts (including, without limitation, principal,
        premium, if any, any Make-Whole Amounts, if any, Additional Amounts, if any, and interest), in the same manner and at the same times as would have been the case if such defeasance had not occurred, which Opinion of Counsel must be based upon a
        ruling of the Internal Revenue Service to the same effect unless there has been a change in applicable Federal income tax law after the date of execution of this Indenture such that a ruling is no longer required;

      

      

      (e) In the case of an election under Section 1403, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the beneficial owners of such Outstanding Securities and
        any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such covenant defeasance and will be subject to Federal income tax on the same amounts (including, without limitation,
        principal, premium, if any, any Make-Whole Payments, if any, Additional Amounts, if any, and interest) in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred.

      

      

      (f) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent to the defeasance under Section 1402 or the
        covenant defeasance under Section 1403 (as the case may be) have been complied with and an Opinion of Counsel to the effect that either (i) as a result of a deposit pursuant to subsection (a) above and the related exercise of the Company’s option
        under Section 1402 or Section 1403 (as the case may be) registration is not required under the Investment Company Act of 1940, as amended, by the Company, with respect to the trust funds representing such deposit or by the Trustee for such trust
        funds or (ii) all necessary registrations under said Act have been effected.

      

      

      (g) After the 91st day following the deposit, the trust funds will not be subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights
        generally, including, without limitation, Section 547 of the United States Bankruptcy Code and Section 15 of the New York Debtor and Creditor Law.

      

      

      (h) Notwithstanding any other provisions of this Section, such defeasance or covenant defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations
        which may be imposed on the Company in connection therewith pursuant to Section 301.

      

      

      Section 1405 Deposited Money And Government Obligations To Be Held In Trust; Other Miscellaneous Provisions.

      

      

      Subject to the provisions of the last paragraph of Section 1003, all money and Government Obligations (or other property as may be provided pursuant to Section 301) (including the proceeds thereof)
        deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 1405, the “Trustee”) pursuant to Section 1404 in respect of any Outstanding Securities of any series and any coupons appertaining thereto shall be
        held in trust and applied by the Trustee, in accordance with the provisions of such Securities and any coupons appertaining thereto 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 Holders of such Securities and any coupons appertaining thereto of all sums due and to become due thereon in respect of principal (and premium or Make-Whole Amount, if any) and interest and
        Additional Amounts, if any, but such money need not be segregated from other funds except to the extent required by law.

      

      

      
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      Unless otherwise specified with respect to any Security pursuant to Section 301, if, after a deposit referred to in Section 1404(a) has been made, (a) the Holder of a Security in respect of which
        such deposit was made is entitled to, and does, elect pursuant to Section 301 or the terms of such Security to receive payment in a currency or currency unit other than that in which the deposit pursuant to Section 1404(a) has been made in respect
        of such Security, or (b) a Conversion Event occurs in respect of the currency or currency unit in which the deposit pursuant to Section 1404(a) has been made, the indebtedness represented by such Security and any coupons appertaining thereto shall
        be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal of (and premium or Make-Whole Amount, if any), and interest, if any, on such Security as the same becomes due out of the proceeds yielded by
        converting (from time to time as specified below in the case of any such election) the amount or other property deposited in respect of such Security into the currency or currency unit in which such Security becomes payable as a result of such
        election or Conversion Event based on the applicable market exchange rate for such currency or currency unit in effect on the second Business Day prior to each payment date, except, with respect to a Conversion Event, for such currency or currency
        unit in effect (as nearly as feasible) at the time of the Conversion Event.

      

      

      The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Government Obligations deposited pursuant to Section 1404 or the principal
        and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of such Outstanding Securities and any coupons appertaining thereto.

      

      

      Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or Government Obligations (or other
        property and any proceeds therefrom) held by it as provided in Section 1404 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess
        of the amount thereof which would then be required to be deposited to effect a defeasance or covenant defeasance, as applicable, in accordance with this Article.

      

      

      Section 1406 Reinstatement.

      

      

      If the Trustee or the Paying Agent is unable to apply any money or the Government Obligations, as the case may be, in accordance with this Article Fourteen with respect to any Securities by reason
        of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture, such Securities and any coupons appertaining thereto from which the Company
        has been discharged or released pursuant to Section 1402 or Section 1403 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying Agent is
        permitted to apply all money or Government Obligations, as the case may be, held in trust pursuant to Section 1405 with respect to such Securities and any coupons appertaining thereto in accordance with this Article Fourteen; provided, however,
        that if the Company makes any payment of principal of or any premium or interest on any such Security following such reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Securities or
        coupons to receive such payment from the money or Government Obligations, as the case may be, so held in trust.

      

      

      Section 1407 Qualifying Trustee.

      

      

      Any trustee appointed pursuant to Section 1404 for the purpose of holding trust funds deposited pursuant to that Section shall be appointed under an agreement in form acceptable to the Trustee and
        shall provide to the Trustee a certificate of such trustee, upon which certificate the Trustee shall be entitled to conclusively rely, that all conditions precedent provided for herein to the related defeasance or covenant defeasance have been
        complied with. In no event shall the Trustee be liable for any acts or omissions of said trustee.

      

      

      ARTICLE FIFTEEN

      MEETINGS OF HOLDERS OF SECURITIES

      

      

      Section 1501 Purposes For Which Meetings May Be Called.

      

      

      A meeting of Holders of Securities of any 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 action provided by this Indenture to be made, given or taken by Holders of Securities of such series.

      

      

      
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      Section 1502 Call, Notice And Place Of Meetings.

      

      

      (a) The Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in Section 1501, to be held at such time and at such place in the City of Oklahoma
        City, Oklahoma, or the Borough of Manhattan, The City of New York, as the Trustee shall determine. Notice of every meeting of Holders of 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 10% in aggregate principal amount of the Outstanding Securities of any series shall have requested
        the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in Section 1501, 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 Securities of such
        series in the amount above specified, as the case may be, may determine the time and the place in the City of Oklahoma City, Oklahoma, or the Borough of Manhattan, The City of New York for such meeting and may call such meeting for such purposes by
        giving notice thereof as provided in subsection (a) of this Section.

      

      

      Section 1503 Persons Entitled To Vote At Meetings.

      

      

      To be entitled to vote at any meeting of Holders of Securities of any series, a Person shall be (1) a Holder of one or more Outstanding 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 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 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 1504 Quorum; Action.

      

      

      The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of Holders of Securities of such series; provided,
        however, that if any action is to be taken at such meeting with respect to a consent or waiver which this Indenture expressly provides may be given by the Holders of not less than a specified percentage in principal amount of the Outstanding
        Securities of a series, the Persons entitled to vote such specified percentage in principal amount of the Outstanding Securities of such series shall constitute a quorum. In the absence of a quorum within 30 minutes after the time appointed for any
        such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairman 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 chairman of the meeting prior to the
        adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 1502(a), except that such notice need be given only once not less than five (5) days prior to the date on which the
        meeting is scheduled to be reconvened. Notice of the reconvening of any adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding 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 by the affirmative vote of the Holders of a majority in principal
        amount of the Outstanding 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 action
        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 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 Securities of that series.

      

      

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

      

      

      Notwithstanding the foregoing provisions of this Section 1504, if any action is to be taken at a meeting of Holders of Securities of any series with respect to any request, demand, authorization,
        direction, notice, consent, waiver or other action that this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage in principal amount of all Outstanding Securities affected thereby, or of the Holders of
        such series and one or more additional series:

      

      

      (i) there shall be no minimum quorum requirement for such meeting; and

      

      

      (ii) the principal amount of the Outstanding Securities of such series that vote in favor of such request, demand, authorization, direction, notice, consent, waiver or other action shall be taken
        into account in determining whether such request, demand, authorization, direction, notice, consent, waiver or other action has been made, given or taken under this Indenture.

      

      

      Section 1505 Determination Of Voting Rights; Conduct And Adjournment Of Meetings.

      

      

      (a) Notwithstanding any provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities of a series in regard to
        proof of the holding of 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 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 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 chairman of the meeting, unless the meeting shall have been called by the Company or by Holders of Securities as provided in
        Section 1502(b), in which case the Company or the Holders of Securities of or within the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman 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 Securities of such series represented at the meeting.

      

      

      (c) At any meeting each Holder of a Security of such series or proxy shall be entitled to one vote for each $1,000 principal amount of the Outstanding 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 Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right
        to vote, except as a Holder of a Security of such series or proxy.

      

      

      (d) Any meeting of Holders of Securities of any series duly called pursuant to Section 1502 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in
        aggregate principal amount of the Outstanding Securities of such series represented at the meeting, and the meeting may be held as so adjourned without further notice.

      

      

      
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      Section 1506 Counting Votes And Recording Action Of Meetings.

      

      

      The vote upon any resolution submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of
        such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held or represented by them. The permanent chairman 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 duplicate of all votes cast at the meeting. A record, at least in duplicate, of
        the proceedings of each meeting of Holders of 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 fact, setting forth a copy of the notice of the meeting and showing that said notice was given as provided in Section 1502 and, if applicable, Section 1504. Each copy shall be signed and
        verified by the affidavits of the permanent chairman 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.

      

      

      Section 1507 Evidence Of Action Taken By Holders.

      

      

      Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by a specified percentage in principal amount of the Holders
        of any or all series may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such specified percentage of Holders in person or by agent duly appointed in writing; and, except as herein otherwise
        expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this
        Indenture and (subject to Sections 315(a) through 315(d) of the TIA) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Article.

      

      

      Section 1508 Proof Of Execution Of Instruments.

      

      

      Subject to TIA Sections 315(a) through 315(d), the execution of any instrument by a Holder or his agent or proxy may be proved in accordance with such reasonable rules and regulations as may be
        prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee.

      

      

      ARTICLE SIXTEEN

      CONVERSION OR EXCHANGE OF SECURITIES

      

      

      Section 1601 Applicability Of Article.

      

      

      The provisions of this Article Sixteen shall be applicable to the Securities of any series which are convertible or exchangeable for other securities or property (including securities of other
        issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company, except as otherwise
        specified as contemplated by Section 301 for the Securities of such series.

      

      

      Section 1602 Election To Exchange; Notice To Trustee And Holders.

      

      

      The election of the Company to exchange any Securities shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities. On or prior to the
        seventh Business Day prior to Maturity of the Securities, the Company shall provide written notice to the Holders of record of the Securities and to the Trustee and will publish a notice in a daily newspaper of national circulation stating whether
        the Company has made such election.

      

      

      
        60

        
          

      

      Section 1603 No Fractional Shares.

      

      

      No fractional shares of securities shall be delivered upon exchanges of Securities of any series. If more than one Security shall be surrendered for exchange at one time by the same Holder, the
        number of full shares which shall be delivered upon exchange shall be computed on the basis of the aggregate principal amount of the Securities (or specified portions thereof to the extent permitted hereby) so surrendered. If, except for the
        provisions of this Section 1603, any Holder of a Security or Securities would be entitled to a fractional share of a security upon the exchange of such Security or Securities, or specified portions thereof, the Company shall pay to such Holder an
        amount in cash equal to the current market value of such fractional share computed on the basis of an average Closing Price of such security. The “Closing Price” of any security on any date of determination means, (i) if such security is listed or
        admitted to unlisted trading privileges on a national securities exchange, the last reported sale price regular way on such exchange, (ii) if such security is not at the time so listed, as reported by the NASDAQ National Market, or (iii) if such
        security is not at the time so listed or reported or admitted to unlisted trading privileges on a national securities exchange, the average of the bid and asked prices of such security in the over-the-counter market, as reported by the National
        Quotation Bureau, Incorporated or similar organization if the National Quotation Bureau, Incorporated is no longer reporting such information, or if not so available, the market price as determined by a nationally recognized independent investment
        banking firm retained for this purpose by the Company.

      

      

      Section 1604 Adjustment Of Exchange Rate.

      

      

      The exchange rate of Securities of any series that is exchangeable for other securities or property (including securities of other issuers, provided that such securities are registered under
        Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company shall be adjusted for any stock dividends, stock splits, reclassification, combinations
        or similar transactions or any consolidation, merger or other reorganization event in accordance with the terms of the supplemental indenture or Board Resolution setting forth the terms of the Securities of such series.

      

      

      Whenever the exchange rate is adjusted, the Company shall compute the adjusted exchange rate in accordance with terms of the applicable Board Resolution or supplemental indenture and shall prepare
        an Officers’ Certificate setting forth the adjusted exchange rate and showing in reasonable detail the facts upon which such adjustment is based, and such certificate shall forthwith be filed at each office or agency maintained for the purpose of
        exchange of Securities pursuant to Section 1002 and, if different, with the Trustee. The Company shall forthwith cause a notice setting forth the adjusted exchange rate to be mailed, first class postage prepaid, to each Holder of Securities of such
        series at its address appearing on the Security Register and to any exchange agent other than the Trustee.

      

      

      Section 1605 Payment Of Certain Taxes Upon Exchange.

      

      

      The Company will pay any and all taxes that may be payable in respect of the transfer and delivery of shares of other securities or property (including securities of other issuers, provided that
        such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company on exchange of Securities pursuant hereto. The
        Company shall not, however, be required to pay any tax which may be payable in respect of any transfer involved in the delivery of shares of securities in a name other than that of the Holder of the Security or Securities to be exchanged, and no
        such transfer or delivery shall be made unless and until the Person requesting such transfer has paid to the Company the amount of any such tax, or has established, to the satisfaction of the Company, that such tax has been paid.

      

      

      Section 1606 Shares Free And Clear.

      

      

      The Company hereby warrants that upon exchange of Securities of any series, the Holder of a Security shall receive all rights held by the Company in such security for which such Security is at such
        time exchangeable under this Article Sixteen, free and clear of any and all liens, claims, charges and encumbrances other than, to the extent permitted by the terms of the Securities of such series, any liens, claims, charges and encumbrances which
        may have been placed on any such security by the prior owner thereof, prior to the time such security was acquired by the Company. Except as provided in Section 1604, the Company will pay all taxes and charges with respect to the delivery of such
        security delivered in exchange for Securities hereunder.

      

      

      Section 1607 Cancellation Of Security.

      

      

      Upon receipt by the Trustee of Securities of any series delivered to it for exchange under this Article Sixteen, the Trustee shall cancel and dispose of the same as provided in Section 309.

      

      

      
        61

        
          

      

      Section 1608 Duties Of Trustee Regarding Exchange.

      

      

      Neither the Trustee nor any exchange agent shall at any time be under any duty or responsibility to any Holder of Securities of any series that is exchangeable into other securities or property
        (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the
        Company to determine whether any facts exist which may require any adjustment of the exchange rate, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed, whether herein or in any
        supplemental indenture, any resolutions of the Board of Directors or written instrument executed by one or more officers of the Company provided to be employed in making the same. Neither the Trustee nor any exchange agent shall be accountable with
        respect to the validity or value (or the kind or amount) of any securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use
        Form S-3 (or any successor form) for a primary offering of its securities) of the Company, or of any Securities and neither the Trustee nor any exchange agent makes any representation with respect thereto. Subject to the provisions of Section 612,
        neither the Trustee nor any exchange agent shall be responsible for any failure of the Company to issue, transfer or deliver any stock certificates or other securities or property (including securities of other issuers, provided that such
        securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) upon the surrender of any Security for the purpose of exchange or to
        comply with any of the covenants of the Company contained in this Article Sixteen or in the applicable supplemental indenture, resolutions of the Board of Directors or written instrument executed by one or more duly authorized officers of the
        Company.

      

      

      Section 1609 Repayment Of Certain Funds Upon Exchange.

      

      

      Any funds which at any time shall have been deposited by the Company or on its behalf with the Trustee or any other paying agent for the purpose of paying the principal of, and premium, if any, and
        interest, if any, on any of the Securities (including funds deposited for the sinking fund referred to in Article Twelve hereof) and which shall not be required for such purposes because of the exchange of such Securities as provided in this
        Article Sixteen shall after such exchange be repaid to the Company by the Trustee upon the Company’s written request.

      

      

      Section 1610 Exercise Of Conversion Privilege.

      

      

      In order to exercise a conversion or exchange privilege, the Holder of a Security of a series with such a privilege shall surrender such Security to the Company at the office or agency maintained
        for that purpose pursuant to Section 1002, accompanied by written notice to the Company that the Holder elects to convert or exchange such Security or a specified portion thereof. Such notice shall also state, if different from the name or names
        (with address) in which the Securities are registered, the name or names in which the securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer
        is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company which shall be issuable on such conversion or exchange shall be issued. Securities surrendered for conversion or exchange shall (if so
        required by the Company or the Trustee) be duly endorsed by or accompanied by instruments of transfer in forms satisfactory to the Company and the Trustee duly executed by the registered Holder or its attorney duly authorized in writing; and
        Securities so surrendered for conversion or exchange during the period from the close of business on any Regular Record Date to the opening of business on the next succeeding Interest Payment Date (excluding Securities or portions thereof called
        for redemption during such period) shall also be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on such Interest Payment Date on the principal amount of such Security then being converted, and
        such interest shall be payable to such registered Holder notwithstanding the conversion or exchange of such Security, subject to the provisions of Section 307 relating to the payment of Defaulted Interest by the Company. As promptly as practicable
        after the receipt of such notice and of any payment required pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures
        supplemental hereto setting forth the terms of such series of Security, and the surrender of such Security in accordance with such reasonable regulations as the Company may prescribe, the Company shall issue and shall deliver, at the office or
        agency at which such Security is surrendered, to such Holder or on its written order, securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer
        is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company issuable or deliverable upon the conversion or exchange of such Security (or specified portion thereof), in accordance with the
        provisions of such Board Resolution, Officers’ Certificate or supplemental indenture, and cash as provided therein in respect of any fractional share of such common stock otherwise issuable upon such conversion or exchange. Such conversion or
        exchange shall be deemed to have been effected immediately prior to the close of business on the date on which such notice and such payment, if required, shall have been received in proper order for conversion or exchange by the Company and such
        Security shall have been surrendered as aforesaid (unless such Holder shall have so surrendered such Security and shall have instructed the Company to effect the conversion or exchange on a particular date following such surrender and such Holder
        shall be entitled to convert or exchange such Security on such date, in which case such conversion or exchange shall be deemed to be effected immediately prior to the close of business on such date) and at such time the rights of the Holder of such
        Security as such Security Holder shall cease and the person or persons in whose name or names any securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and
        such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company shall be issuable or deliverable upon such conversion or exchange shall be deemed to have become the Holder or Holders of
        record of the shares represented thereby. Except as set forth above and subject to the final paragraph of Section 307, no payment or adjustment shall be made upon any conversion or exchange on account of any interest accrued on the Securities
        surrendered for conversion or exchange or on account of any interest or dividends on the securities or property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such
        issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company issued or delivered upon such conversion or exchange.

      

      

      
        62

        
          

      

      In the case of any Security which is converted or exchanged in part only, upon such conversion or exchange the Company shall execute and the Trustee shall authenticate and deliver to or on the
        order of the Holder thereof, at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unconverted or unexchanged portion of such Security.

      

      

      Section 1611 Effect Of Consolidation Or Merger On Conversion Privilege.

      

      

      In case of any consolidation of the Company with, or merger of the Company into or with any other Person, or in case of any sale of all or substantially all of the assets of the Company, the
        Company or the Person formed by such consolidation or the Person into which the Company shall have been merged or the Person which shall have acquired such assets, as the case may be, shall execute and deliver to the Trustee a supplemental
        indenture providing that the Holder of each Security then outstanding of any series that is convertible into common stock of the Company shall have the right, which right shall be the exclusive conversion right thereafter available to said Holder
        (until the expiration of the conversion right of such Security), to convert such Security into the kind and amount of shares of stock or other securities or property (including cash) receivable upon such consolidation, merger or sale by a holder of
        the number of shares of common stock of the Company into which such Security might have been converted immediately prior to such consolidation, merger or sale, subject to compliance with the other provisions of this Indenture, such Security and
        such supplemental indenture. Such supplemental indenture shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in such Security. The above provisions of this Section shall similarly
        apply to successive consolidations, mergers or sales. It is expressly agreed and understood that anything in this Indenture to the contrary notwithstanding, if, pursuant to such merger, consolidation or sale, holders of outstanding shares of common
        stock of the Company do not receive shares of common stock of the surviving corporation but receive other securities, cash or other property or any combination thereof, Holders of Securities shall not have the right to thereafter convert their
        Securities into common stock of the surviving corporation or the corporation which shall have acquired such assets, but rather, shall have the right upon such conversion to receive the other securities, cash or other property receivable by a holder
        of the number of shares of common stock of the Company into which the Securities held by such holder might have been converted immediately prior to such consolidation, merger or sale, all as more fully provided in the first sentence of this Section
        1611. Anything in this Section 1611 to the contrary notwithstanding, the provisions of this Section 1611 shall not apply to a merger or consolidation of another corporation with or into the Company pursuant to which both of the following conditions
        are applicable: (i) the Company is the surviving corporation and (ii) the outstanding shares of common stock of the Company are not changed or converted into any other securities or property (including cash) or changed in number or character or
        reclassified pursuant to the terms of such merger or consolidation.

      

      

      
        63

        
          

      

      As evidence of the kind and amount of shares of stock or other securities or property (including cash) into which Securities may properly be convertible after any such consolidation, merger or
        sale, or as to the appropriate adjustments of the conversion prices applicable with respect thereto, the Trustee shall be furnished with and may accept the certificate or opinion of an independent certified public accountant with respect thereto;
        and, in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely thereon, and shall not be responsible or accountable to any Holder of Securities for any provision in conformity therewith or approved by such
        independent certified accountant which may be contained in said supplemental indenture.

      

      

      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.

      

      

      
        64

        
          

      

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

      

      

      	 	
              BANK7 CORP.

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      	 	 	
              , as Trustee

            

      

      

      	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      Signature Page to the Indenture

      

      

      
        65

        
          

      

      EXHIBIT A-1

      

      

      FORM OF CERTIFICATE TO BE GIVEN BY PERSON ENTITLED

      TO RECEIVE BEARER SECURITY OR TO OBTAIN INTEREST

      PAYABLE PRIOR TO THE EXCHANGE DATE

      CERTIFICATE

      

      

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

      

      

      This is to certify that, as of the date hereof, and except as set forth below, the above-captioned Securities held by you for our account (i) are owned by person(s) that are not citizens or
        residents of the United States, domestic companies, or any estate or trust the income of which is subject to United States federal income taxation regardless of its source (“United States person(s)”), (ii) are owned by United States person(s) that
        are (a) foreign branches of United States financial institutions (financial institutions, as defined in United States Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing for their own
        account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and
        in either case (a) or (b), each such United States financial institution hereby agrees, on its own behalf or through its agent, that you may advise Bank7 Corp. or its agent that such financial institution will comply with the requirements of
        Section 165(j)(3)(A), (B) or (C) of the United States Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes of resale during the restricted
        period (as defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, in addition, if the owner is a United States or foreign financial institution described in clause (iii) above (whether or not also described in clause
        (i) or (ii)), this is to further certify that such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions.

      

      

      As used herein, “United States” means the United States of America (including the States and the District of Columbia); and “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam,
        American Samoa, Wake Island and the Northern Mariana Islands.

      

      

      We undertake to advise you promptly by tested telex on or prior to the date on which you intend to submit your certification relating to the above- captioned Securities held by you for our account
        in accordance with your operating procedures if any applicable statement herein is not correct on such date, and in the absence of any such notification it may be assumed that this certification applies as of such date.

      

      

      This certificate excepts and does not relate to [U.S. $]            of such interest in the above-captioned Securities in respect of which we are not able to certify and as to which we understand
        an exchange for an interest in a permanent global Security or an exchange for and delivery of definitive Securities (or, if relevant, collection of any interest) cannot be made until we do so certify.

      

      
        Exhibit A-1-1

        
          

      

      We understand that this certificate may be required in connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced or threatened in connection
        with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested party in such proceedings.

      

      

      Dated:                     , 20

      

      

      [To be dated no earlier than the 15th day prior to

      (i) the Exchange Date or (ii) the relevant Interest

      Payment Date occurring prior to the Exchange Date,

      as applicable]

      

      

      	 	
              [Name of Person Making Certification]

            
	 	

            
	 	
              (Authorized Signatory)

            
	 	
              Name:

            	

            
	 	
              Title:

            	

            

      

      

      
        Exhibit A-1-2

        
          

      

      EXHIBIT A-2

      

      

      FORM OF CERTIFICATE TO BE GIVEN BY EUROCLEAR

      AND CLEARSTREAM BANKING, S.A. IN CONNECTION WITH THE EXCHANGE

      OF A PORTION OF A TEMPORARY GLOBAL SECURITY OR TO

      OBTAIN INTEREST PAYABLE PRIOR TO THE EXCHANGE DATE

      CERTIFICATE

      

      

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

      

      

      This is to certify that, based solely on written certifications that we have received in writing, by tested telex or by electronic transmission from each of the persons appearing in our records as
        persons entitled to a portion of the principal amount set forth below (our “Member Organizations”) substantially in the form attached hereto, as of the date hereof, [U.S. $]             principal amount of the above-captioned Securities (i) is
        owned by person(s) that are not citizens or residents of the United States, domestic companies, domestic corporations or any estate or trust the income of which is subject to United States Federal income taxation regardless of its source (“United
        States person(s)”), (ii) is owned by United States person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred to as
        “financial institutions”) purchasing for their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United
        States financial institutions on the date hereof (and in either case (a) or (b), each such financial institution has agreed, on its own behalf or through its agent, that we may advise Bank7 Corp. or its agent that such financial institution will
        comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by United States or foreign financial institution(s) for purposes of resale during
        the restricted period (as defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, to the further effect, that financial institutions described in clause (iii) above (whether or not also described in clause (i) or (ii))
        have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions.

      

      

      As used herein, “United States” means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam,
        American Samoa, Wake Island and the Northern Mariana Islands.

      

      

      We further certify that (i) we are not making available herewith for exchange (or, if relevant, collection of any interest) any portion of the temporary global Security representing the above
        captioned Securities excepted in the above-referenced certificates of Member Organizations and (ii) as of the date hereof we have not received any notification from any of our Member Organizations to the effect that the statements made by such
        Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant, collection of any interest) are no longer true and cannot be relied upon as of the date hereof.

      

      
        Exhibit A-2-1

        
          

      

      We understand that this certification is required in connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced or threatened in connection
        with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested party in such proceedings.

      

      

      Dated:                     , 20    .

      

      

      [To be dated no earlier than the Exchange Date or the relevant Interest Payment Date occurring prior to the Exchange Date, as applicable.]

      

      

      	 	
              EUROCLEAR BANK, S.A./N.V., AS 

              OPERATOR OF THE EUROCLEAR SYSTEM 

              CLEARSTREAM BANKING, S.A.

            
	 	 	 
	 	
              By:

            	

            

      

      

      
        Exhibit A-2-2

        
          

      

      EXHIBIT B

      

      

      FORM OF

      EXCHANGE RATE OFFICER’S CERTIFICATE

      

      

      The undersigned,                     , an officer of Bank7 Corp, an Oklahoma corporation (the “Company”), in accordance with the terms of the Indenture, dated as of[      ], 20__ between the
        Company and _________________, as Trustee (the “Indenture”), and pursuant to authority delegated by the Board of Directors of the Company to the undersigned in resolutions duly adopted by such Board at a meeting duly called and held on             
               ,         (the “Resolutions”), does hereby certify that:

      

      

      1. The [exchange rate] [applicable bid quotation] in respect of the payment to be made on [insert date] by the Company with respect to its [insert title of security] is                     .

      

      

      2. The amount payable on [insert date] in respect of the Company’s [insert title of security] is                     per [$1,000] principal amount of such security.

      

      

      IN WITNESS WHEREOF, I have hereunto signed by name.

      

      

      	
              Dated:

            	 	 	 	 
	 	 	 	 	 
	 	 	 	
              By:

            	 
	 	 	 	
              Name:

            	 
	 	 	 	
              Title:

            	 

      

      

      

      

      Exhibit B-1ex_213796.htm

 

 

Exhibit 10.1

 

LOAN AGREEMENT

 

 

This LOAN AGREEMENT (this “Agreement”) dated as of November 12, 2020, is made by and among blackboxstocks Inc., a Nevada corporation (“Borrower”); each financial institution that from time to time is a Lender (as defined below) hereunder; and FVP SERVICING, LLC, a Delaware limited liability company (in its capacity as administrative agent for the Lenders, the “Administrative Agent” and together with Borrower and the Lenders, the “Parties”, and each, a “Party”).

 

W I T N E S S E T H:

 

WHEREAS, Borrower has requested that the Lenders extend credit to Borrower in the form of a term loan more particularly described herein, and the Lenders are each willing to do so on the terms, conditions and provisions set forth herein.

 

NOW, THEREFORE, upon the terms and conditions hereinafter stated, and in consideration of the mutual premises set forth above and other adequate consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, hereby agree as follows:

 

	
			1.

				
			DEFINITIONS AND RULES OF CONSTRUCTION

			

 

1.1     As used in this Agreement, the following terms shall have the meanings set forth below (terms defined in the singular to have the same meaning when used in the plural and vice versa):

 

“Administrative Agent” shall have the meaning given to such term in the introductory paragraph of this Agreement.

 

“Advance” means an advance of funds by Lenders under this Agreement.

 

“Affiliate” of any Person means any other Person that directly or indirectly controls, is controlled by or is under direct or indirect common control with such Person. A Person shall be deemed to “control” another Person if such first Person directly or indirectly possesses the power to direct (or to cause the direction of) the management and policies of the second Person, whether through the ownership of voting securities, by contract or otherwise. Notwithstanding the foregoing, neither Administrative Agent nor any Lender shall be deemed to be an Affiliate of Borrower.

 

“Agreement” means this Loan Agreement and all exhibits, riders and schedules at any time executed by the Parties and made a part hereof by reference, either as originally executed or as hereafter amended, restated, modified or supplemented from time to time.

 

“Applicable Law” means all laws, rules and regulations applicable to the Person, conduct, transaction, covenant or Loan Documents in question, including, without limitation, all Applicable Law and equitable principles; all provisions of all applicable state and federal constitutions, statutes, rules, regulations and orders of governmental bodies; and all Orders.

 

“Borrower” shall have the meaning given to such term in the introductory paragraph of this Agreement.

 

“Business Day” means a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by Applicable Law to close.

 

1

 

 

“Cash Flow Available for Debt Service” means, with respect to Borrower and its Subsidiaries for each period of twelve (12) consecutive calendar months ending as of the last day of each fiscal quarter of Borrower, the sum of (a) net income for such period of determination, (b) interest expense for such period of determination and (c) depreciation, amortization and other non-cash charges for such period of determination, in each case, as determined on a consolidated basis in accordance with GAAP.

 

“Change of Control” means an event or series of events by which (a) Gust Kepler shall fail to own, directly or indirectly, at least 50.1% of the aggregate ordinary voting power or economic interests represented by the issued and outstanding Equity Interests of Borrower on a fully diluted basis; (b) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as such term is used in Sections 13(d)(3) of the Exchange Act), becomes the “beneficial owner” (as defined in Rules 13(d)-3 under the Exchange Act), directly or indirectly, of more than 50% of the aggregate ordinary voting power or economic interests represented by the issued and outstanding Equity Interests of Borrower on a fully diluted basis; (c) a majority of the seats (other than vacant seats) on the board of directors (or equivalent governing body) of Borrower shall at any time be occupied by Persons who were neither (i) nominated, approved or appointed by the board of directors (or equivalent governing body) of Borrower nor (ii) nominated, approved or appointed by individuals so nominated, approved, or appointed, or (d) Guarantor shall cease to be the chief executive officer of Borrower subject to waiver by the Required Lenders.

 

“Closing Date” means November 12, 2020.

 

“Collateral” means all Property in which Administrative Agent is at any time granted a Lien for purposes of securing the Obligations.

 

“Commitment” means, collectively, each Lender’s commitment to Advance a portion of the Loan on the Closing Date in the applicable amount specified on Schedule A attached hereto.

 

“Debt” of a Person, means all (a) indebtedness for borrowed money; (b) obligations for the deferred purchase price of Property or services; (c) obligations evidenced by notes, bonds, debentures or other similar instruments; (d) obligations as lessee under capital leases; (e) obligations in respect of any interest rate swaps, currency exchange agreements, commodity swaps, caps, collar agreements or similar arrangements entered into by such Person providing for protection against fluctuations in interest rates, currency exchange rates or commodity prices or the exchange of nominal interest obligations, either generally or under specific contingencies; (f) obligations under acceptance facilities and letters of credit; (g) guaranties, endorsements (other than for collection or deposit in the ordinary course of business), and other contingent obligations to purchase, to provide funds for payment, to supply funds to invest in any Person, or otherwise to assure a creditor against loss, in each case, in respect of indebtedness set out in clauses (a) through (f) of a Person other than such Person; (h) obligations under factoring, receivables sale or financing arrangements, merchant cash advances or similar transactions and (i) indebtedness set out in clauses (a) through (h) of any Person other than such Person secured by any lien on any asset of such Person, whether or not such indebtedness has been assumed by such Person.

 

“Debt Service” means, with respect to Borrower and its Subsidiaries for each period of twelve (12) consecutive calendar months ending as of the last day of each fiscal quarter of Borrower, the sum of (a) cash interest expense for such period of determination, (b) all installments of principal on Debt that are due on demand or during the period of determination, (c) all installments of rent under capitalized lease obligations (to the extent not already accounted for in computation of net income or Debt) that are due on demand or during the period of determination and (d) distributions and dividends to stockholders and advances to Affiliates during the period of determination, in each case, as determined on a consolidated basis in accordance with GAAP.

 

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“Debt Service Coverage Ratio” means, with respect to Borrower and its Subsidiaries for the period of twelve (12) consecutive calendar months ending as of the last day of each fiscal quarter of Borrower, the ratio of (a) Cash Flow Available for Debt Service for such period to (b) Debt Service for such period.

 

“Default” means the occurrence of any event which, after satisfaction of any requirement for the giving of notice or the lapse of time, or both, would become an Event of Default.

 

“Default Rate” means the annual percentage interest rate applied to the principal of the Loan not paid when due under the terms of the applicable Loan Documents, which rate shall equal fifteen percent (15%).

 

“Developer Payables” means the amounts payable by Borrower to Cyfeon Solutions in the amount of $98,580 and to Switchback, Inc. in the amount of $35,300.

 

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination.

 

“Event of Default” shall have the meaning given to such term in Section 7.1 hereof.

 

“Exclusivity Agreement” means the Exclusivity Agreement dated as of the date hereof, by and among FPS and Borrower, together with each of the other agreements entered into by Borrower in connection therewith.

 

“Forbearance Agreements” shall have the meaning set forth on Schedule B hereof.

 

“FPS” means Feenix Payment Systems, LLC, a Delaware limited liability company (an Affiliate of Administrative Agent).

 

“GAAP” means generally accepted accounting principles in the United States, consistently applied.

 

“Governmental Authority” means the government of any nation or any political subdivision thereof, whether at the national, state, territorial, provincial, municipal or any other level, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of, or pertaining to, government.

 

“Guarantor” means Gust Kepler.

 

“Guaranty” means the Guaranty dated as of the date hereof by Guarantor in favor of Administrative Agent, on behalf of itself and the Lenders.

 

“Indemnitee” shall have the meaning given to such term in Section 11.2 hereof.

 

“Initial Maturity Date” means November 12, 2022.

 

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“Interest Only Period” means the period commencing on the Closing Date and continuing through and including the November, 2021 Payment Date.

 

“Law” as to any Person, means any law (including common law), statute, ordinance, treaty, rule, regulation, policy or requirement of any Governmental Authority and authoritative interpretations thereon, whether now or hereafter in effect, in each case, applicable to or binding on such Person or any of its properties or to which such Person or any of its properties is subject.

 

“Lender” means each of the Persons listed on Schedule A hereto as “Lender”, together with any successor, assignee or other transferee of such Lender hereunder, and any other entity subsequently added hereto as a Lender hereunder, or any successor, assignee or other transferee thereof.

 

“Lien” means any mortgage, pledge, security interest, lien (statutory or otherwise), charge, encumbrance, hypothecation, assignment, deposit arrangement, or other arrangement having the practical effect of the foregoing or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having the same economic effect as any of the foregoing).

 

“Loan” means the loan in the original principal amount of $1,000,000.00 made by the Lenders to the Borrower on the Closing Date pursuant to Section 2.1(a).

 

“Loan Documents” means this Agreement, the Security Agreement, the Exclusivity Agreement, each Note, each other Security Document, the Guaranty and all other instruments, agreements, documents and writings now or hereafter evidencing, securing or delivered to Administrative Agent and Lender in connection with the Obligations, as each of the foregoing may be amended, restated, replaced, supplemented or otherwise modified from time to time.

 

“Material Contracts” means the Subordinated Debt, the Debt described on Schedule B and any agreement or contract the loss or breach of which could reasonably be expected to have or cause a material adverse effect on the financial condition of Borrower, the ability of Borrower to perform its obligations under each of the Loan Documents.

 

“Maturity Date” means the earlier of (a) the Initial Maturity Date, as the same may be extended in accordance with Section 2.2, and (b) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).

 

“Net Proceeds” means, in respect of (a) any incurrence of Debt (other than the Loan or Permitted Debt) by Borrower, (b) any casualty or condemnation event involving Property of Borrower, or (c) any sale or assignment involving Property of Borrower, other than from sales occurring in the ordinary course of business and in each case, in an amount in excess of $50,000, all cash proceeds (including cash proceeds as and when received in respect of non-cash proceeds received or receivable in connection with such occurrence), net of reasonable and customary out-of-pocket costs and expenses paid or incurred in connection therewith in favor of any Person not an Affiliate of Borrower.

 

“Note” has the meaning set forth in Section 2.1(b).

 

“Obligations” means all loans (including the Loan), Advances, debts, liabilities and obligations (including reimbursement obligations) for monetary amounts owing by Borrower and by Guarantor to the Administrative Agent and the Lenders, whether due or to become due, matured or unmatured, liquidated or unliquidated, contingent or non-contingent, of any kind or nature, present or future, arising under or in respect of this Agreement or any of the Loan Documents. This term includes all principal, interest (including interest that accrues after the commencement against Borrower or Guarantor of any action under the Federal Bankruptcy Code), premium, reasonable fees and expenses, including any and all arrangement fees, delivery fees, loan fees, commitment fees, agent fees, merchant processing fees and any and all other fees, expenses, costs or other sums (including reasonable attorney’s fees) chargeable to Borrower or Guarantor under any of the Loan Documents.

 

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“Order” as to any Person, means any order, decree, judgment, writ, injunction, settlement agreement, requirement or determination of an arbitrator or a court or other Governmental Authority, in each case, applicable to or binding on such Person or any of its properties or to which such Person or any of its properties is subject.

 

“Payment Date” means the fifteenth (15th) day of each calendar month during the term of this Agreement commencing with the first Payment Date after the Closing Date; provided, however, if such day is not a Business Day, the next succeeding Business Day.

 

“Permitted Debt” means (a) Debt existing or arising under this Agreement and any refinancing, extension or modification thereof; (b) unsecured trade payables incurred in the ordinary course of business consistent with past practice, which are not overdue for a period of more than thirty 30 days; (c) unsecured Debt owed in respect of any netting services, overdrafts and related liabilities arising from treasury, depository and cash management services in connection with any automated clearinghouse transfers of funds; and (d) the Debt existing as of the closing date set forth on Schedule B.

 

“Permitted Liens” means (a) Liens for taxes not yet due or which are being contested in good faith by appropriate proceedings, (b) non-exclusive licenses in Intellectual Property granted pursuant to the Co-License Agreement, (c) non-consensual Liens arising by operation of law, arising in the ordinary course of business, and for amounts which are not overdue for a period of more than thirty 30 days or that are being contested in good faith by appropriate proceedings, and (d) Liens pursuant to the Loan Documents.

 

“Person” means a corporation, an association, partnership, an organization, a business, a business trust, a limited liability company, an individual, a government or political subdivision thereof or a governmental agency.

 

“Property” means the real property and personal property of a Person, and any interest of a Person in any real or personal property.

 

“Refinanced Debt” means the obligations under (a) the Senior Secured Promissory Note dated July 23, 2018 by Borrower in favor of Trammell S. Crow in the original principal amount of $200,000, (b) the Amended and Restated Secured Convertible Note dated June 23, 2020 by Borrower in favor of Brian and Suzanne Swift in the original principal amount of $25,000, and (c) the Amended and Restated Secured Convertible Note dated June 23, 2020 by Borrower in favor of Rogers Family Trust UTA 01/21/1981 in the original principal amount of $75,000, including, without limitation, all guaranties and other indebtedness related to or created thereunder or any related document. Refinanced Debt shall not include any debt referred to above that has been converted into common stock of Borrower on or prior to the Closing Date.

 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates

 

“Restricted Payment” means (a) any dividend or other distribution (whether in cash, securities or other Property) with respect to any Equity Interests of Borrower, (b) any purchase, redemption, retirement or acquisition by Borrower for value of any Equity Interests or any distribution of any kind in cash or other Property or assets in respect thereof; and (c) any payment (whether in cash, securities or other Property or assets), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests or on account of any return of capital to Borrower’s equity holders, partners or members (or the equivalent Person thereof).

 

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“Revenues” means gross revenues of Borrower as determined in accordance with GAAP.

 

“Security Agreement” means that certain Security Agreement made by Borrower (and any other Person who from time to time executes the Security Agreement as a Grantor to secure the Obligations in favor of Administrative Agent and the Lenders) in favor of Administrative Agent and the Lenders which covers all of the assets of Borrower.

 

“Security Documents” means, collectively, (i) the Security Agreement, (ii) all UCC financing statements required by this Agreement to be filed with respect to the security interests created pursuant to the Security Documents, (iii) any other document, instrument or agreement pursuant to which any Lien is granted in favor of Administrative Agent or any Lender to secure the payment or performance of the Obligations and (iv) all other documents and agreements executed or delivered to Administrative Agent by Borrower in connection with any of the foregoing documents

 

“Settlement Date” means, with respect to any Advance hereunder, the date on which funds are advanced by a Lender.

 

“Subordinated Debt” means the Debt described on Schedule B as “Subordinate Debt”, which shall be subject to subordination provisions or a subordination agreement, in form and substance reasonably acceptable to Administrative Agent.

 

“Subsidiary” means any corporation or other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions are at the time directly or indirectly owned by Borrower.

 

“Uniform Commercial Code” means the Uniform Commercial Code of the State of New York or such other applicable jurisdiction.

 

“Unrestricted Cash” means the unrestricted cash of Borrower.

 

1.2     Accounting Terms and Determination. Accounting terms used in this Agreement such as “net income,” “amortization,” “depreciation,” and “interest expense” shall be calculated (both as to amounts and classification of items) in accordance with GAAP.

 

1.3     Other Interpretive Provisions. Any pronoun used herein shall be deemed to cover all genders. All references to statutes and related regulations shall include any amendments of same and any successor statutes and regulations, and all references to any instruments or agreements, including, without limitation, references to any of the Loan Documents, shall include any and all modifications or amendments thereto and any and all extensions or renewals thereof. Unless otherwise expressly stated or the context clearly indicates a different intention, then (as may be appropriate in the particular context) a singular reference to Lender used in any Loan Document includes the plural, and a plural reference to Lenders includes the singular.

 

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	2.	
			LOAN; USE OF PROCEEDS.

			

 

	 	
			2.1

				
			Establishment of Credit Facility.

			

 

(a)     Subject to the terms and conditions of this Agreement, the Lenders shall Advance to Borrower the proceeds of the Loan on the Closing Date, in the aggregate original principal amount of $1,000,000.00. The amount of each Lender’s Advance in respect of the Loan shall be such Lender’s Commitment amount, as specified on Schedule A attached hereto. The proceeds of such Advance shall be disbursed by Administrative Agent, for the benefit of and at the direction of Borrower, in accordance with the Flow of Funds Memorandum attached hereto as Exhibit C. Upon the funding of such Advance, the Commitment of each Lender hereunder shall be terminated, and no further Advances in respect of the Loan shall be permitted. Principal amounts repaid or prepaid in respect of the Loan will not be available for reborrowing hereunder. The Loan shall bear interest at the applicable rate provided in the provisions of Section 2.5 hereof.

 

(b)    The portion of the Loan held by each Lender shall be evidenced by a promissory note in the form of Exhibit A hereto (each, as amended, restated, replaced, supplemented, extended or renewed from time to time, a “Note”), in each case payable to the order of such Lender. Each Note will be due and payable in full on the Maturity Date. Each Lender is authorized to note or endorse the date and amount of each Advance and each payment of the applicable Loan on a schedule annexed to and constituting a part of the Note. Such notations or endorsements, if made, will constitute prima facie evidence of the information noted or endorsed on such schedule, but the absence of any such notation or endorsement will not limit or otherwise affect the obligations or liabilities of Borrower thereunder and hereunder.

 

(c)     The obligations of the Lenders under this Section 2.1 shall be several and not joint. The Commitments of each Lender with respect to the Loan is as set forth on Schedule A hereto.

 

2.2         Maturity Date Extension. On the twenty-second (22nd) Payment Date, Borrower, at its sole option, may elect to extend the Initial Maturity Date by twelve (12) months to November 12, 2023, if the following conditions are satisfied: (i) as the last day of the fiscal quarter most recently ended, Borrower’s gross revenues for the trailing 12-month period ending on such date shall not be less than $6,500,000; (ii) as of the Initial Maturity Date, no Default or Event of Default shall exist; (iii) all representations and warranties contained herein and in the other Loan Documents shall be true and correct as of such Initial Maturity Date; (iv) Borrower shall have paid to Administrative Agent, on behalf of the Lenders, an extension fee equal to 0.25% of the outstanding principal amount of the Loan; and (v) on or before such Initial Maturity Date, Borrower shall have delivered to the Administrative Agent, all documents Administrative Agent requests in connection with such extension.

 

2.3          Repayment.

 

(a)     Payment of Principal and Interest. On each Payment Date during the Interest Only Period, Borrower shall make monthly payments with respect to the Loan equal to all accrued unpaid interest on the outstanding principal amount thereof. Commencing with the first Payment Date following the Interest Only Period and continuing thereafter until the Maturity Date, Borrower shall make monthly payments with respect to the Loan equal to all accrued unpaid interest on the outstanding principal amount thereof plus principal in an amount equal to 1.0% of the initial principal amount of the Loan. On the Maturity Date, Borrower shall pay to Administrative Agent, for the account of the Lenders, the outstanding principal balance of the Loan, all accrued unpaid interest thereon and all other fees, costs, expenses and other Obligations then outstanding.

 

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(b)     Payment Mechanics. Except as provided below, all payments of principal of, or interest on, the Loan and all other sums due under the terms of the Loan Documents shall be made in either (i) immediately available funds by wire or (ii) checks or money orders made payable to the Administrative Agent at the address and pursuant to the instructions provided by the Administrative Agent to Borrower from time to time.

 

2.4         Use of Proceeds. The funds advanced under the Loan may be used exclusively (a) to repay the Refinanced Debt, (b) to pay the Developer Payables as provided in Section 5.1(o) to pay costs and expenses associated with the closing of the transactions contemplated by the Loan Documents and (c) to fund general working capital requirements of Borrower.

 

2.5          Interest.

 

(a)     The unpaid principal amount of each Loan shall, subject to this Section 2.5, bear interest at twelve percent (12.0%) per annum (the “Interest Rate”). Interest shall be computed on the basis of a 365-day year for the actual number of days in the interest period. Upon any Default, the Interest Rate shall increase from the date of such Default on the unpaid principal amount at a rate equal to the Default Rate. For the avoidance of doubt, all payments of interest on the Loan outstanding under this Agreement on each Payment Date shall be made in accordance with Section 2.3 hereof.

 

(b)     In no contingency or event whatsoever shall the amount paid or agreed to be paid to the Administrative Agent or Lenders for the use, forbearance or detention of money advanced under this Agreement exceed the highest lawful rate permissible under Applicable Law. It is the intent hereof that Borrower will not pay or contract to pay, and that neither Administrative Agent nor any Lender receive or contract to receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be charged to and paid by Borrower under Applicable Law. All interest (and charges deemed interest) paid or agreed to be paid to Administrative Agent or the Lenders shall, to the extent permitted by Applicable Law, be amortized, pro-rated, allocated and spread in equal parts throughout the full term hereof until payment in full of the principal amount of the Obligations owing hereunder (including the period of any renewal or extension hereof) so that interest on the principal amount of the Obligations outstanding hereunder for such full period will not exceed the maximum amount permitted by Applicable Law. Each determination by Administrative Agent of an interest amount hereunder shall be made in good faith and, except for manifest error, shall be final, conclusive and binding for all purposes.

 

(c)      If any interest or other sum due under any Loan Document is not paid by Borrower within ten (10) days after the date on which it is due (except for the payment due on the Maturity Date), Borrower shall pay to Administrative Agent upon demand an amount equal to five percent (5%) of such unpaid sum or the maximum amount permitted by Applicable Law, in order to defray the expense incurred by Administrative Agent and the Lenders in handling and processing such delinquent payment and to compensate Administrative Agent and the Lenders for the loss of the use of such delinquent payment. Such amount shall be secured by the Collateral.

 

2.6          Prepayment.

 

(a)      Voluntary Prepayment. Borrower shall have the right to prepay the Loan in whole or in part at any time without premium or penalty, but subject to Borrower having provided at least five (5) Business Days prior written notice to Administrative Agent.

 

(b)     Mandatory Prepayment. Immediately upon the receipt by any Loan Party or Restricted Entity of any Net Proceeds, Borrowers shall deliver, or cause to be delivered, to Administrative Agent an amount equal to such Net Proceeds for application to the Obligations in accordance with Section 2.7(c).

 

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(c)       Application. All prepayments will be applied to reduce future scheduled payments in the inverse order of maturity.

 

2.7          Fees.

 

(a)      On the Closing Date, Borrower will pay to Administrative Agent, for the account of the Lenders, a non-refundable commitment fee in an amount equal to $10,000.00 (the “Commitment Fee”). The Commitment Fee shall be fully earned upon becoming due and payable on the Closing Date in accordance with the terms hereof, shall be nonrefundable for any reason whatsoever and shall be in addition to any other fees, costs and expenses payable pursuant to the Loan Documents. Borrower’s obligation to pay the Commitment Fee will not be subject to counterclaim or setoff or be otherwise affected by any claim or dispute Borrower may have.

 

(b)     Commencing on the first Payment Date occurring after the Closing Date and continuing thereafter through and including the Maturity Date, Borrower will pay to Administrative Agent a monthly administration fee calculated at the rate of 0.50% per annum on the outstanding principal balance of the Loan for the calendar month immediately preceding the calendar month in which such Payment Date occurs. Such fee shall be nonrefundable for any reason whatsoever and shall be in addition to any other fees, costs and expenses payable pursuant to the Loan Documents. Borrower’s obligation to pay such fee will not be subject to counterclaim or setoff or be otherwise affected by any claim or dispute Borrower may have.

 

2.8         Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or otherwise, obtain payment in respect of any principal of or interest on its portion of the Loan or prepayment premium in connection therewith resulting in such Lender’s receiving payment of a proportion of the aggregate amount of the Loan and accrued interest thereon and prepayment premium in connection therewith greater than its pro rata share thereof as provided herein, then such Lender shall (a) notify the Administrative Agent of such fact and (b) purchase (for cash at face value) participations in the portions of the Loan of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of, accrued interest on and prepayment premium in connection with their respective portions of the Loan and other amounts owing them; provided, that: (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and (ii) the provisions of this Section 2.8 shall not be construed to apply to (x) any payment made by or on behalf of Borrower pursuant to and in accordance with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its portion of the Loan to any assignee or participant. Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation.

 

3.             CONDITIONS PRECEDENT.   

 

3.1         The entering into of this Agreement and the other Loan Documents by the Lenders and Administrative Agent and Lenders making the Advances of the Loan on the Closing Date are subject to the following conditions precedent:

 

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(a)      Borrower shall have delivered to Administrative Agent and each Lender the following documents, each in form and substance satisfactory to Administrative Agent and duly executed on behalf of each of the Persons party thereto:

 

(i)      this Agreement;

 

(ii)     the Security Agreement;

 

(iii)     each Note;

 

(iv)     the Exclusivity Agreement;

 

(v)      the Guaranty;

 

(vi)     the information contained in Exhibit C; and

 

(vii)    each of the other Loan Documents and Security Documents, each in form and substance satisfactory to Administrative Agent and each Lender;

 

(viii)    a validly executed officer’s certificate in the form of Exhibit B attached hereto (i) attaching a fully executed copy of Borrower’s certificate of formation, certificate or article of incorporation, articles of organization or certificate of partnership (as applicable) bylaws, operating agreements or partnership agreements (as applicable) and all amendments thereto, (ii) resolutions evidencing Borrower’s authorization of the Loan; (iii) evidence of Borrower’s good standing; and (iv) incumbency certificate;

 

(ix)     such financial information as reasonably requested by Administrative Agent, including, without limitation, a consolidated pro forma balance sheet of Borrower, after giving pro forma effect to the transactions contemplated by the Loan Documents; and evidence satisfactory to Administrative Agent that after giving effect to the Loan, Borrower shall be in pro forma compliance with Section 5.1(l);

 

(x)     evidence that Borrower has either (A) converted the notes described in the definition of “Refinanced Debt” to common stock in Borrower or (B) that proceeds of the Loan has repaid such debt in full; and

 

(xi)     such other documents and information as Administrative Agent may request.

 

(b)     All filings, recordations and searches necessary or reasonably required by Administrative Agent in connection with the liens and security interests in the Collateral shall have been duly made on or prior to the Closing Date.

 

(c)     There shall not exist any action, suit, investigation, litigation or proceeding pending or threatened in any court or before any arbitrator or governmental authority that challenges the transactions contemplated by the Loan Documents or that could reasonably be expected to have a material adverse effect on, or cause a material adverse change in, the financial condition, business, operations, creditworthiness, properties, prospects or affairs of Borrower.

 

(d)     Completion of the credit evaluation by Administrative Agent and each Lender, including all current legal, tax and regulatory searches of the Borrower as required by Administrative Agent or any Lender, and other due diligence investigation (including background checks) of Borrower and the chief executive officer of Borrower, in each case in scope, and with results, satisfactory to Administrative Agent and Lender.

 

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(e)      The capital, corporate, tax, organizational and legal structure of Borrower shall be reasonably acceptable to Administrative Agent and Lenders.

 

(f)     Any fees required to be paid on or before the Closing Date and all costs and expenses (including reasonable attorneys’ fees) incurred by Administrative Agent shall have been paid.

 

(g)     The representations, warranties and covenants of Borrower set forth in this Agreement and the other Loan Documents are true and correct.

 

(h)     The holder of the Subordinated Debt shall have waived the existing default thereunder and term of such note shall be extended to a date that is not earlier than six (6) months after the Maturity Date.

 

(i)      No event has occurred and is continuing, or would result from the making of the Loan, which constitutes a Default or an Event of Default.

 

Borrower’s acceptance of the proceeds of the Loan shall be deemed to be a representation and warranty that the conditions specified in this Section have been satisfied on and as of the Closing Date.

 

	
			4.

				
			BORROWER’s REPRESENTATIONS AND WARRANTIES.

			

 

4.1         To induce Administrative Agent and each Lender to enter into this Agreement, Borrower represents and warrants to Administrative Agent and each Lender as follows:

 

(a)     Existence; Compliance with Laws. Borrower is duly formed, validly existing and in good standing under the laws of the state of its jurisdiction of organization and has the requisite power and authority, and the legal right, to own, lease and operate its properties and assets and to conduct its business as it is now being conducted. Borrower is in compliance with all Laws and Orders except to the extent that the failure to comply therewith could not be expected to have a material adverse effect on Borrower’s financial condition or the ability of Borrower to perform its obligations under each of the Loan Documents.

 

(b)     Power and Authority. Borrower has the power and authority, and the legal right, to execute and deliver each of the Loan Documents to which it is a party and to perform its obligations hereunder.

 

(c)     Authorization; Execution and Delivery. The execution and delivery of each of the Loan Documents by Borrower and the performance of its obligations hereunder have been duly authorized by all necessary corporate action in accordance with all Applicable Laws. Borrower has duly executed and delivered each of the Loan Documents to which it is a party.

 

(d)     No Approvals. No consent or authorization of, filing with, notice to or other act by, or in respect of, any Governmental Authority or any other Person is required in order for Borrower to execute, deliver, or perform any of its obligations under the Loan Documents.

 

(e)     No Violations. The execution and delivery of each of the Loan Documents and the consummation by Borrower of the transactions contemplated hereby and thereby do not and will not (i) violate any provision of Borrower’s organizational documents; (ii) violate any material Law or Order applicable to Borrower or by which any of its properties or assets may be bound; or (iii) constitute a material default under any material agreement or contract by which Borrower may be bound.

 

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(f)       Enforceability. Each of the Loan Documents to which Borrower is a party is a valid, legal and binding obligation of Borrower, enforceable against Borrower, in accordance with its terms.

 

(g)     No Litigation. No action, suit, litigation, investigation or proceeding of, or before, any arbitrator or Governmental Authority is pending or threatened by or against Borrower or any principal, general partner, manager, sole member, managing member or majority shareholder of Borrower or any of its Property or assets (i) with respect to the Loan Documents or any of the transactions contemplated hereby or (ii) that could reasonably be expected to materially adversely affect Borrower’s financial condition or the ability of Borrower to perform its obligations under any of the Loan Documents.

 

(h)     Limited Offering of Notes. The offer and sale of the Notes are not required to be registered pursuant to the provisions of Section 5 of the Securities Act of 1933, as amended or the registration or qualification provisions of the blue-sky laws of any state. Neither Borrower nor any agent on Borrower’s behalf, has solicited or will solicit any offers to sell all or any part of the Notes, to any Person so as to bring the sale of the Notes, by Borrower within the registration provisions of the Securities Act of 1933, as amended or any state securities laws. All prior offerings and sales of securities of Borrower were in compliance with all applicable federal and state securities laws. Borrower is under no requirement to register under the Securities Act of 1933, as amended, or the Trust Indenture Act of 1939, as amended, any of its presently outstanding securities or any of its securities that may subsequently be issued. All taxes imposed on Borrower in connection with the issuance, sale and delivery of the Notes have been or will be fully paid, and all laws imposing such taxes have been or will be fully satisfied by Borrower.

 

(i)     No Bankruptcy Filing. No bankruptcy or insolvency proceedings are pending or contemplated by Borrower. No petition in bankruptcy has been filed against Borrower, nor has Borrower ever made an assignment for the benefit of creditors or taken advantage of any insolvency act for the benefit of debtors.

 

(j)     Title. Borrower has good and indefeasible title to the Collateral, free and clear of all Liens except the Permitted Liens. The Security Agreement, together with any UCC Financing Statements required to be filed in connection therewith, will create a valid, perfected first priority lien on Borrower’s interest in the Collateral.

 

(k)     Full and Accurate Disclosure. No statement of fact made by Borrower in any Loan Documents contains any untrue statement of a material fact or omits to state any material fact necessary to make statements contained therein not misleading. There is no material fact presently known to Borrower that has not been disclosed to the Administrative Agent or the Lenders which adversely affects, or, as far as Borrower can foresee, could reasonably be expected to materially adversely affect the Collateral or the business, operations or condition (financial or otherwise) of Borrower. All financial statements, including the balance sheets, statements of operations and statements of cash flow that have been delivered to Lender in respect of Borrower (i) are true, complete and correct in all material respects, (ii) accurately represent the financial condition, results of operations and cash flows of Borrower as of the date of such reports, and (iii) have been prepared in accordance with GAAP. The pro forma balance sheet of Borrower delivered to Administrative Agent in connection with the closing of the Loan was prepared in good faith. Borrower represents that it does not have any contingent liabilities, liabilities for taxes, unusual forward or long-term commitments, unrealized or anticipated losses from any unfavorable commitments or any liabilities or obligations not expressly permitted by this Agreement. Since June 30, 2020, there has been no materially adverse change in the financial condition, operations or business of Borrower from that set forth in said financial statements. 

 

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(l)      Fraudulent Transfer. Borrower has not entered into Loan Document with the actual intent to hinder, delay, or defraud any creditor, and Borrower has received reasonably equivalent value in exchange for their respective obligations under the Loan Documents. After giving effect to the transactions contemplated by the Loan Documents, the fair saleable value of Borrower’s assets including but not limited to intangible assets and goodwill whether or not recorded on its balance sheet exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower’s probable total liabilities, including subordinated, unliquidated, disputed or contingent liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured. Borrower’s assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrower). Lender acknowledges that Borrower has a stockholders’ deficit of $1,706,946 as of September 30, 2020.

 

(m)     ERISA. Borrower does not have an employee pension benefit plan.

 

(n)     No Broker. Except for Boustead Securities, LLC and R.F. Lafferty & Co., Inc., whose fees are payable solely by Borrower, no broker or finder is entitled to any commission in connection herewith and Borrower agrees to indemnify and hold Administrative Agent and Lenders harmless from and against any and all claims, demands, liabilities or expenses from brokers or other claims for commissions or fees including but not limited to reasonable attorneys’ fees and expenses on account of the making of the loan secured hereby. Borrower’s indemnity hereunder shall survive any discharge of the Collateral, if any, and payment in full of the Obligations.

 

(o)     Name, Principal Place of Business. Borrower does not and will not use any trade name and has not done and will not do business under any name (i) other than its actual name set forth herein, (ii) its prior name “SMSA Ballinger Acquisition Corp.” and (iii) the name “Tiger Trade Technologies, Inc.”, which was merged into Borrower. The principal place of business of Borrower is its primary address for notices as set forth in Section 10.1, and Borrower has no other place of business.

 

(p)     Material Contracts. Borrower has delivered or made available to Administrative Agent complete and correct copies of each Material Contract, and such documents have not been amended except as provided to Administrative Agent prior to the Closing Date.

 

(q)     Other Debt; Liens. Upon payment or conversion of the Refinanced Debt on the Closing Date, Borrower has no Debt, other than Permitted Debt. Schedule B contains a complete and accurate list of all outstanding Debt and all documents executed or delivered in connection therewith. No Property of Borrower is subject to any Lien, other than Permitted Liens.

 

(r)     Collateral. The Security Documents create a valid security interest in the Collateral, securing the payment of the Obligations, and upon the filing of a UCC financing statement in the appropriate jurisdiction, to the extent such security interest can be perfected by filing under the UCC, or other appropriate method, Administrative Agent shall have a first priority perfected security interest in the Collateral securing the payment of the Obligations.

 

4.2         Survival of Representations and Warranties. All representations and warranties contained in this Agreement or in any of the other Loan Documents shall survive the execution, delivery and acceptance hereof by Administrative Agent and each Lender and the closing of the transactions described herein.

 

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			5.

				
			AFFIRMATIVE COVENANTS.

			

 

5.1         Affirmative Covenants. During the term of this Agreement, and thereafter for so long as there is any outstanding Obligations to the Administrative Agent or any Lender, Borrower covenants that, unless otherwise consented to by Administrative Agent and each Lender in writing, it shall:

 

(a)     Maintenance of Existence. (i) Preserve, renew and maintain in full force and effect its corporate or organizational existence and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business, except, with respect to clause (ii), where the failure to do so could not be expected to materially adversely affect Borrower’s financial condition or the ability of Borrower to perform its obligations under the Loan Documents.

 

(b)     Compliance. Comply with (i) all of the terms and provisions of its organizational documents; (ii) its obligations under its material contracts and agreements; and (iii) all Laws and Orders applicable to it and its business, except, with respect to clauses (ii) and (iii), where the failure to do so could not be expected to materially adversely affect Borrower’s financial condition or the ability of Borrower to perform its obligations under the Loan Documents.

 

(c)     Payment Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its taxes, claims and other obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings, and reserves in conformity with GAAP with respect thereto have been provided on its books.

 

(d)     Notices. Notify Administrative Agent and each Lender in writing of: (i) promptly and in any event within two (2) Business Days after Borrower becomes aware that a Default or an Event of Default has occurred, the nature and extent of such Default or Event of Default and the action, if any, it has taken or proposes to take with respect to such Default or Event of Default; (ii) promptly, any material litigation, proceeding, investigation, action or claim against, or liability of, Borrower, or any tax event or liability, and provide Administrative Agent copies of the pleadings with respect to any material litigation filed by or against Borrower; (iii) promptly, any event that has had or could reasonably be expected to have a material adverse effect on the business, prospects, properties, operations or condition (financial or otherwise) of Borrower; and (iv) promptly upon receipt by Borrower of notice thereof, any default on any loan or under any other Material Contract, and provide Administrative Agent a copy of such notice.

 

(e)     Further Assurances. On the request of Administrative Agent and at the expense of Borrower: (a) promptly correct any defect, error or omission which may be discovered in the contents of this Agreement or in the contents of any of the other Loan Documents; (b) promptly execute, acknowledge, deliver and record or file such further instruments (including, without limitation, further security agreements, financing statements and continuation statements) and promptly do such further acts as may be necessary, desirable or proper to carry out more effectively the purposes of this Agreement and the other Loan Documents and to subject to the liens and security interests hereof and thereof any property intended by the terms hereof and thereof to be covered hereby and thereby, including specifically, but without limitation, any renewals, additions, substitutions, replacements or appurtenances to the Collateral; and (c) promptly execute, acknowledge, deliver, procure and record or file any document or instrument (including specifically, without limitation, any financing statement) reasonably deemed advisable by Administrative Agent to protect, continue or perfect the liens or the security interests hereunder against the rights or interests of third persons.

 

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(f)     Quarterly Documents.  As soon as practicable or available after the end of each fiscal quarter of each year, but no later than 45 calendar days after the end of each respective fiscal quarter of Borrower, Borrower must prepare and deliver to the Administrative Agent (i) a profit and loss statement for such quarter, (ii) balance sheet, (iii) cashflow and income statement, (iv) a current capitalization table of the Borrower and (v) a forecast of its operations for the following twelve (12) months, each in form and substance reasonably acceptable to the Administrative Agent.

 

(g)     Annual Financial Statements. As soon as practicable or available after the end of each fiscal year of Borrower, and in any event within 120 calendar days after the close of each fiscal year, Borrower must prepare and deliver to Administrative Agent, Borrower’s annual report on Form 10-K and a forecast of its operations for the following twelve (12) months. Upon request, Borrower shall promptly provide any other documentation or information reasonably requested by Administrative Agent and in form and substance reasonable acceptable to Administrative Agent, including but not limited to a current capitalization table of the Borrower. 

 

(h)     Tax Returns. Within 14 days after the date that Borrower files its annual tax return with the IRS, Borrower must deliver a complete copy thereof to the Administrative Agent and each Lender.

 

(i)     Exclusivity Agreement. Contemporaneously with the execution and delivery of this Agreement, Borrower shall execute and deliver to Administrative Agent the Exclusivity Agreement.

 

(j)     Insurance. Borrower shall maintain insurance on the Collateral and Borrower’s business in such amounts and in such types as are reasonable and customary for similar businesses. The Collateral insurance shall include a lender’s loss payee endorsement in favor of the Administrative Agent. Borrower shall deliver to Administrative Agent copies of such insurance certificates, on the Closing Date and as requested by Administrative Agent thereafter.

 

(k)     Access to Records and Collateral. Borrower will grant representatives of Administrative Agent and/or Lenders, upon at least two (2) Business Days advance written notice (unless there is a Default or Event of Default, in which case no notice is required), reasonable access during normal business hours to its personnel, and permit such representatives to examine books, records and documents in the possession of Borrower or any Subsidiary or any independent contractor relating to any of Borrower’s affairs and the Collateral, and to inspect any Borrower facilities.

 

(l)     Financial Covenants.

 

(i)     Debt Service Coverage Ratio. Commencing with the fiscal quarter of Borrower ending December 31, 2021 and continuing thereafter, Borrower shall maintain its Debt Service Coverage Ratio, as measured on the last day of each fiscal quarter of Borrower for the period of twelve (12) consecutive calendar months then ended, at not less the 1.50:1.00.

 

(ii)    Minimum Unrestricted Cash. Borrower shall maintain, at all times, Unrestricted Cash of not less than $50,000.

 

(m)   Board Observer. For so long as all or any portion of the Loan or any other Obligation remains outstanding Administrative Agent shall have the right, at its sole option, to attend all meetings of the Board of Directors (and all committees thereof) of Borrower as a non-voting observer. Borrower shall (i) give Administrative Agent notice, at the same time as furnished to the members of the Board of Directors, of all meetings of the Board of Directors (or any committee thereof), (ii) provide to Administrative Agent all notices, documents and information furnished to the Board of Directors whether at or in anticipation of a meeting, an action by written consents or otherwise, at the same time as furnished to the members of the Board of Directors, (iii) notify Administrative Agent by telephone of, and permit Administrative Agent to attend by telephone, emergency meetings of the Board of Directors (and all committees thereof), and (iv) reimburse Administrative Agent for its reasonable out-of-pocket expenses incurred in connection with their rights under this subsection (m).

 

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(n)     Post-Closing Obligations. No later than the applicable date set forth below (as may be extended by Administrative Agent in its sole discretion), Borrower shall (a) within seven (7) Business Days after the Closing Date, pay the Developer Payables in full and provide evidence thereof, as requested by Administrative Agent, and (b) within 15 days after Administrative Agent’s receipt of certified Uniform Commercial Code searches from the Nevada Secretary of State (as confirmed by Administrative Agent by electronic mail), obtain Uniform Commercial Code termination statements and such other documents as determined by Administrative Agent in order to release any Liens on the Collateral.

 

	
			6.

				
			NEGATIVE COVENANTS.

			

 

6.1           Negative Covenants. During the term of this Agreement, and thereafter for so long as there is Obligations outstanding, Borrower covenants that unless Administrative Agent and each Lender has first consented thereto in writing, it will not (directly or indirectly), and will not permit any Subsidiary to:

 

(a)     Indebtedness. Incur, create or assume any Debt, other than Permitted Debt.

 

(b)     Liens. Incur, create, assume or suffer to exist any Lien on any of its Property or assets, whether now owned or hereinafter acquired other than Permitted Liens.

 

(c)     Line of Business. Enter into any business, directly or indirectly, except for (i) those businesses in which Borrower is engaged on the date of each of the Loan Documents or that are reasonably related thereto, and (ii) other businesses, the entering into of which by Borrower, could not be reasonably expected to cause a material adverse effect on Borrower’s financial condition, the ability of Borrower to perform its obligations under any of the Loan Documents or the ability of Borrower to utilize credit card processing and other related services provided by any Lender or any of its Affiliates.

 

(d)     Transactions With Affiliates. Enter into, or permit to exist, any transaction or agreement with any Affiliate except transactions and agreements in the ordinary course and on terms and conditions not less favorable to them than could be obtained on an arm’s-length basis from unrelated third parties.

 

(e)     Restricted Payments. Make any Restricted Payment or payment on any Subordinated Debt, or incur any obligation (contingent or otherwise) to do so, except Borrower may make scheduled principal payments on the Subordinated Debt not to exceed the cash proceeds from (i) the sale of capital stock offering made after September 1, 2020 or (ii) the refinancing of such Subordinated Debt on terms reasonably acceptable to Administrative Agent, including the execution of a subordination agreement, in form and substance acceptable to Administrative Agent.

 

(f)     No New Affiliates or Subsidiaries. Form any new Affiliate or Subsidiary without the approval of the Administrative Agent which shall not be unreasonably withheld.

 

(g)    Transfer of Assets. Without the Administrative Agent’s prior written consent, Borrower agrees not to (i) transfer, sell, assign or otherwise dispose of its assets or Property to any Person, other than in the ordinary course of its business and (ii) allow any of its Subsidiaries to transfer, sell, assign or otherwise dispose of any of their respective assets or Property to any Person, other than in the ordinary course of its business.

 

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(h)     Loan; Investments. Make, or permit any Subsidiary, if any, to make any loan or advance to any Person, guaranty the indebtedness or obligations of any Person or purchase or otherwise acquire, or permit any Subsidiary to purchase or otherwise acquire, any Equity Interests, assets, obligations, or other securities of, make any capital contribution to, or otherwise invest in or acquire any interest in any Person.

 

(i)     Subsidiaries. Borrower shall not sell or otherwise dispose of any Subsidiary (except in connection with a merger or consolidation of a Subsidiary into Borrower or another Subsidiary).

 

(j)     Dissolution, Transfer or Other Changes. Engage in, seek or consent to any dissolution, winding up, liquidation, consolidation, merger, or sale of all or substantially all of the assets of Borrower.

 

(k)    Preferences. Change the rights, preferences or privileges of any Equity Interests of Borrower, in any manner that could be adverse to the interests of Administrative Agent or any Lender, or the Loan.

 

(l)     Modifications. Modify or supplement (i) its organizational documents, including its Bylaws, its Certificate of Incorporation and any shareholder agreement or (ii) any Material Contract, in each case, in any manner that could be adverse to the interests of Administrative Agent or any Lender.

 

	
			7.

				
			EVENTS OF DEFAULT.

			

 

7.1           List of Events of Default. The occurrence of any one or more of the following conditions or events shall constitute an “Event of Default”:

 

(a)     Failure to Pay. Borrower fails to pay (i) any principal amount of the Loan when due or (ii) interest on the Loan or any other amount when due under the Loan Documents and such failure continues for five calendar days.

 

(b)     Breach of Representations and Warranties. Any representation or warranty made or deemed made by Borrower in any Loan Document is incorrect on the date as of which such representation or warranty was made or deemed made.

 

(c)     Breach of Covenants. Borrower fails to perform or observe any other covenant, condition or agreement in (i) Section 5.1(a), (d)(i), (k), (l), (m) or (n) or Section 6.1; (ii) to the extent not otherwise covered in this Section 7.1, this Agreement and such event or circumstance, if capable of being cured, is not cured within 30 days following the occurrence thereof; or (ii) any other Loan Document and such event or circumstance, if capable of being cured, is not cured within (x) 30 days following the occurrence thereof or (y) if shorter, the applicable grace period, if any, specified in such other Loan Document.

 

(d)     Cross-Defaults. Borrower fails to pay when due any of its Debt in excess of $25,000 in the aggregate or any interest or premium thereon when due (whether by scheduled maturity, acceleration, demand or otherwise) and such failure continues after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt (except for Debt arising under the Loan Documents), or the occurrence of any other default under such Debt beyond the applicable grace period provided therein; provided, however, the existing defaults under the convertible promissory notes described on Schedule B shall not result in an Event of Default unless the forbearance period under either Forbearance Agreement ends or Borrower otherwise violates the terms thereof.

 

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(e)      Bankruptcy. (i) Borrower, Guarantor or any of its Subsidiaries commences any case, proceeding or other action (A) under any existing or future Law relating to bankruptcy, insolvency, reorganization, or other relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it as bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or Borrower, Guarantor or any of its Subsidiaries makes a general assignment for the benefit of its creditors; (ii) there is commenced against Borrower, Guarantor or any of its Subsidiaries any case, proceeding or other action of a nature referred to in Section 7.1(e)(i) above which (x) results in the entry of an order for relief or any such adjudication or appointment or (y) remains undismissed, undischarged or unbonded for a period of thirty (30) days; (iii) there is commenced against Borrower, Guarantor or any of its Subsidiaries any case, proceeding or other action seeking issuance of a warrant of attachment, execution or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which has not been vacated, discharged, or stayed or bonded pending appeal within thirty (30) days from the entry thereof; (iv) Borrower, Guarantor or any of its Subsidiaries takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in Section 7.1(e)(i), Section 7.1(e)(ii) or Section 7.1(e)(iii) above; (v) Borrower, Guarantor or any of its Subsidiaries is generally not, or shall be unable to, or admits in writing its inability to, pay its debts as they become due; or (vi) the death or disability of Guarantor.

 

(f)      Judgments. One or more judgments or decrees aggregating at least $25,000 shall be entered against Borrower, Guarantor or any of its Subsidiaries and all of such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within sixty (60) days from the entry thereof.

 

(g)     Invalidity. Any provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or Borrower, Guarantor or any other Person contests in any manner the validity or enforceability of any provision of any Loan Document; or purports to revoke, terminate or rescind any provision of any Loan Document.

 

(h)     Exclusivity Agreement. Any material breach of (or default under) (subject to applicable cure periods), or any early termination or non-renewal of the Exclusivity Agreement.

 

(i)     Change of Control. A Change of Control shall occur.

 

(j)    Subordinated Debt. The principal or interest on the Loan or other Obligations shall fail to constitute “designated senior debt” (or any other similar term) under any document, instrument or agreement evidencing any Subordinated Debt subject thereto; or Borrower or any holder of Subordinated Debt (or any representative thereof) shall, directly or indirectly, repudiate, challenge or contest in any manner the subordination of such Subordinated Debt to the Obligations.

 

	
			8.

				
			REMEDIES.

			

 

8.1        Upon the occurrence of any Event of Default and at any time thereafter during the continuance of such Event of Default, the Administrative Agent may at its option (a) take any action that it deems advisable to protect and enforce all available rights and remedies of Administrative Agent and the Lenders hereunder, under each of the other Loan Documents or which may otherwise be available at law or in equity and (b) without notice or demand (i) declare all outstanding Obligations owing or payable hereunder or under any other Loan Document to be immediately due and payable, and when any Event of Default described in subsection (e) of Section 7.1 exists, then all outstanding Obligations shall immediately and automatically become due and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; (ii) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents; and (iii) exercise any or all of its rights, powers or remedies under Applicable Law. Notwithstanding the foregoing, if any Event of Default shall occur under Section 7.1(e), the principal of and accrued interest on the Loan shall become immediately due and payable, without any notice, declaration or other act on the part of the Administrative Agent or any Lender.

 

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8.2         If an Event of Default shall have occurred and be continuing, each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, after obtaining the prior written consent of the Administrative Agent, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of Borrower against any and all of the obligations of Borrower or such Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender or its Affiliates, irrespective of whether or not such Lender or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of Borrower or such Borrower may be contingent or unmatured or are owed to a branch office or Affiliate of such Lender different from the branch office or Affiliate holding such deposit or obligated on such Debt. The rights of each Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or their respective Affiliates may have. Each Lender agrees to notify Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application.

 

8.3         Standards for Exercising Remedies. To the extent that applicable law imposes duties on the Administrative Agent and/or Lender to exercise remedies in a commercially reasonable manner, the Borrower acknowledges and agrees that it is not commercially unreasonable for the Administrative Agent and/or Lender (a) to fail to incur expenses deemed significant by the Administrative Agent and/or Lender to prepare Collateral for disposition (b) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of, (c) to fail to exercise collection remedies against account debtors or other persons obligated on Collateral or to remove liens or encumbrances on or any adverse claims against Collateral, (d) to exercise collection remedies against account debtors and other persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (e) to advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature, (f) to contact other persons, whether or not in the same business as the Borrower, for expressions of interest in acquiring all or any portion of the Collateral, (g) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the collateral is of a specialized nature, (h) to dispose of Collateral by utilizing internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets, (i) to dispose of assets in wholesale rather than retail markets, (j) to disclaim disposition warranties, (k) to purchase insurance or credit enhancements to insure the Administrative Agent and/or Lender against risks of loss, collection or disposition of Collateral or to provide to the Administrative Agent and/or Lender a guaranteed return from the collection or disposition of Collateral, or (l) to the extent deemed appropriate by the Administrative Agent and/or Lender, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist the Lender in the collection or disposition of any of the Collateral.  The Borrower acknowledges that the purpose of this Section is to provide non-exhaustive indications of what actions or omissions by the Administrative Agent and/or Lender would not be commercially unreasonable in the Administrative Agent’s and/or Lender’s exercise of remedies against the Collateral and that other actions or omissions by the Administrative Agent and/or Lender shall not be deemed commercially unreasonable solely on account of not being indicated in this Section. Without limitation upon the foregoing, nothing contained in this Section shall be construed to grant any rights to the Borrower or to impose any duties on the Administrative Agent and/or Lender that would not have been granted or imposed by this Agreement or by applicable law in the absence of this Section.

 

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			9.

				
			WAIVERS.

			

 

Failure by Administrative Agent or any Lender to exercise any right, remedy or option under this Agreement, any other Loan Document, any other documents relating to the Obligations, or as provided by Applicable Law, or any delay by Administrative Agent or any Lender in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Administrative Agent or any Lender shall only be granted as provided herein. To the extent permitted by Applicable Law, neither the Administrative Agent nor any Lender, nor any party acting as attorney for the Administrative Agent or any Lender, shall be liable hereunder for any acts or omissions or for any error of judgment or mistake of fact or law other than their gross negligence or willful misconduct hereunder. The rights and remedies of the Administrative Agent and the Lenders under this Agreement shall be cumulative and not exclusive of any other right or remedy that the Administrative Agent or the Lenders may have.

 

	
			10.

				
			NOTICES.

			

 

10.1       Written Notices.

 

(a)     All notices and other communications to any party herein to be effective shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows:

 

If to Borrower:

                                               

BlackBoxStocks Inc.

5430 LBJ Freeway

Suite 1485

Dallas, TX 75240   

Attn: Gust Kepler           

Telephone: 972-726-9203

Email: Gust@blackboxstocks.com

 

 

If to Administrative Agent and/or Lenders:

 

c/o FVP Servicing, LLC

325 Hudson Street, 4th Floor

New York, NY 10013

Attn: Keith Lee / Tom Betts

Telephone: 646.902.6645

E-mail:klee@feenixpartners.com / tbetts@feenixpartners.com

 

(b)     Notices if (i) mailed by certified or registered mail or sent by hand or overnight courier service shall be deemed to have been given when received; and (ii) sent by e-mail shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by a return e-mail or other written acknowledgment).

 

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(c)     Any party hereto may change its address for notices and other communications hereunder by notice to the other parties hereto. All such notices and other communications shall, when transmitted by overnight delivery, be effective when delivered for overnight (next-day) delivery, or if mailed, upon the third Business Day after the date deposited into the mails or if delivered, upon delivery; provided, that notices delivered to Lenders shall not be effective until actually received by such Person at its address specified in this Section 10.

 

(d)     Any agreement of Administrative Agent or any Lender herein to receive certain notices by telephone or e-mail is solely for the convenience and at the request of Borrower. Administrative Agent and each Lender shall be entitled to rely on the authority of any Person purporting to be a Person authorized by Borrower to give such notice and neither Administrative Agent nor any Lender shall have any liability to Borrower or other Person on account of any action taken or not taken by Administrative Agent or any Lender in reliance upon such telephonic or e-mail notice. The obligation of Borrower to repay the Loan and all other obligations and hereunder shall not be affected in any way or to any extent by any failure of Administrative Agent or any Lender to receive written confirmation of any telephonic or e-mail notice or the receipt by Administrative Agent or any Lender of a confirmation which is at variance with the terms understood by Administrative Agent or any Lender to be contained in any such telephonic or e-mail notice.

 

10.2       Electronic Communications.

 

(a)     Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and internet or intranet websites) pursuant to procedures approved by Administrative Agent; provided that the foregoing shall not apply to notices to Administrative Agent or any Lender pursuant to Section 2 hereof unless Administrative Agent or such Lender has agreed to receive notices under such Section by electronic communication and have agreed to the procedures governing such communications. Any Party may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.

 

(b)     Unless Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by a return e-mail or other written acknowledgement); provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

 

	
			11.

				
			EXPENSES AND INDEMNIFICATION.

			

 

11.1       Costs and Expenses. Borrower will pay or reimburse Administrative Agent for all reasonable fees and costs (including all reasonable attorneys’ fees and disbursements of counsel to Administrative Agent) that Administrative Agent may pay or incur in connection with (a) the preparation, negotiation and review of the Loan Documents, and (b) the funding of the Loan hereunder on the Closing Date or any syndication of the Loan; provided, however, the aggregate amount payable by Borrower under clauses (a) and (b) shall not exceed $15,000. Further, Borrower will pay or reimburse Administrative Agent and each Lender for all actual fees and costs (including all reasonable attorneys’ fees and disbursements) that Administrative Agent or such Lender may pay or incur in connection with (i) Borrower’s ongoing performance under and compliance with the Loan Documents, including confirming compliance with environmental and insurance requirements; (ii) the negotiation, preparation, execution, delivery and administration of any consents, amendments, waivers or other modifications of or under any Loan Document and any other documents or matters requested by Administrative Agent; (iii) filing and recording of any Loan Documents; (iv) the creation, perfection or protection of Administrative Agent’s Liens in the Collateral (including fees and expenses for title and lien searches, intangibles taxes, personal property taxes, due diligence expenses, travel expenses, accounting firm fees, costs of appraisals, environmental reports, surveys and engineering reports); (v) enforcing, preserving, maintaining or defending any rights in response to third party claims or the prosecuting or defending of any action or proceeding (including any insolvency or bankruptcy proceeding) or other litigation, in each case against, under or affecting Borrower, the Loan Documents, the Collateral, or any other security given for the Obligations; and (vi) enforcing any obligations of or collecting any payments due from Borrower under any Loan Document or in connection with any refinancing or restructuring of the Loan in the nature of a “work-out”, or any insolvency or bankruptcy proceedings. All obligations provided for in this Section 11.1 shall survive the termination of this Agreement and/or the repayment of the Obligations.

 

21

 

 

11.2      Indemnity. Borrower shall indemnify Administrative Agent and each Lender, each Affiliate and Subsidiary of Administrative Agent and each Lender, and each investment manager, servicer, partner, member, officer, director, employee, agent and advisor of Administrative Agent and each Lender (each, an “Indemnitee”) against, and hold each of them harmless from, any and all Specified Losses (defined below) unless such Specified Losses incurred by any such Indemnitee are determined by a court of competent jurisdiction in a final and non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee. For purposes of this Section, the term “Specified Losses” means all costs, losses, liabilities, claims, damages and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, which may be incurred by any Indemnitee, or asserted against any Indemnitee, arising out of, in connection with or as a result of (a) the execution or delivery of this Agreement or any other agreement or instrument contemplated hereby and the performance by Administrative Agent or any Lender of its respective obligations hereunder or the consummation of any of the transactions contemplated hereby, (b) any Loan or any actual use of the proceeds therefrom, (c) any actual claim, litigation, investigation or proceeding relating to any of the foregoing, or (d) any actual claim, litigation or proceeding by any third party. Borrower shall pay, and hold each Indemnitee harmless from and against, any and all present and future stamp, documentary, and other similar taxes with respect to this Agreement and any other Loan Documents, any collateral described therein, or any payments due thereunder, and save such Indemnitee harmless from and against any and all liabilities with respect to or resulting from any delay or omission to pay such taxes.

 

11.3       Taxes. Borrower shall pay, and hold Lender harmless from and against, any and all present and future stamp, documentary, and other similar taxes with respect to this Agreement and any other Loan Documents, any collateral described therein, or any payments due thereunder, and save Lender harmless from and against any and all liabilities with respect to or resulting from any delay or omission to pay such taxes.

 

11.4       Reimbursement by Lenders. To the extent that Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section 11 to be paid by them to the Administrative Agent (or any sub-agent thereof) or any Related Party thereof, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s pro rata share of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, further that, the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), or against any Related Party thereof acting for the Administrative Agent (or any such sub-agent) in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.1(d).

 

22

 

 

11.5       Waiver of Damages. To the fullest extent permitted by applicable law, no Borrower shall assert, and each Borrower hereby waives, and acknowledges that no other Person shall have, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) of Section 11.1 above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby.

 

11.6        Payment. All amounts due under this Section shall be payable promptly after written demand therefor.

 

11.7       Survival. The agreements and indemnity provisions of this Section 11.1 shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations.

 

11.8      Payments Set Aside. To the extent that any payment by or on behalf of any Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the federal funds rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement.

 

 

	
			12.

				
			Administrative Agent.

			

 

12.1      Appointment and Authority. Each of the Lenders hereby irrevocably appoints the Administrative Agent to act on its behalf as the administrative agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are incidental thereto. The provisions of this Section are solely for the benefit of the Administrative Agent and the Lenders, and Borrower shall have no rights as a third-party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.

 

23

 

 

12.2      Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with Borrower or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

 

12.3       Exculpatory Provisions.

 

(a)     The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. The parties do not intend to create any agency, partnership, joint venture, trust, fiduciary or other relationship with duties or incidents different from those of parties to an arm’s-length contract. Without limiting the generality of the foregoing, the Administrative Agent (a) shall not be subject to any fiduciary or other implied duties except as expressly set forth in this Agreement, regardless of whether a Default has occurred and is continuing; (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Lenders, provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law; and (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

 

(b)     The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Lenders or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by Borrower, or a Lender.

 

(c)     The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

 

12.4     Reliance by Administrative Agent. The Administrative Agent shall be entitled to reasonably rely upon, and shall not incur any liability for reasonably relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may reasonably rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is reasonably satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult with legal counsel (who may be counsel for Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. Borrower shall indemnify the Administrative Agent, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of Borrower.

 

24

 

 

12.5      Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Section shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.

 

12.6      Resignation of Administrative Agent. The Administrative Agent may resign as Administrative Agent at any time by giving thirty (30) days advance notice thereof to the Lenders and Borrower and, thereafter, the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. Upon any such resignation, the Lenders shall have the right to appoint a successor Administrative Agent. If no successor Administrative Agent shall have been so appointed by the Lenders, or have accepted such appointment within thirty (30) days after the Administrative Agent’s giving of notice of resignation, then the Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all rights, powers, privileges and duties of the retiring Administrative Agent. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Section 12.6 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Administrative Agent. If no successor has accepted appointment as Administrative Agent by the date which is thirty (30) days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Lenders appoint a successor agent as provided for above.

 

12.7      Non-Reliance on Administrative Agent and Other Lenders. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

 

25

 

 

12.8     Non-Reliance on Administrative Agent and Other Lenders. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

 

12.9     Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to Borrower, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:

 

(a)     to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loan and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent allowed in such judicial proceeding; and

 

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

 

(c)    and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent hereunder.

 

	
			13.

				
			[Reserved].

			

 

	
			14.

				
			Miscellaneous. 

			

 

14.1       Entire Agreement; Amendment. This Agreement and the other Loan Documents embody the entire understanding and agreement between the parties hereto with respect to the subject matter hereof, and any prior agreements, whether written or oral, with respect thereof, are expressly superseded hereby. This Agreement, or any term contained herein, may not be modified, waived or amended except by an agreement in writing signed by Borrower and the Administrative Agent.

 

14.2       Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided that Borrower may not assign this Agreement, any other Loan Document, or any right or benefit hereunder to any Person. Any Lender may assign any or all of its rights and obligations hereunder at any time and to any Person, with Administrative Agent’s prior written consent and the execution and delivery of any assignment and assumption agreement by such assigning Lender and the proposed assignee, in form and substance acceptable to Administrative Agent. From and after the effective date of any such assignment, the assignee shall be a party to this Agreement and, to the extent of the interest assigned, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Lender, be released from its obligations under this Agreement. Upon request, Borrower shall execute and deliver a Note to the assignee Lender. Subject to the foregoing, any Lender shall have the right to enter into one or more participations with respect to the Obligations without prior notice or consent of Borrower.

 

26

 

 

14.3       Governing Law. This Agreement and the other Loan Documents and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement or any of the other Loan Documents and the transactions contemplated hereby shall be governed by the laws of the State of New York.

 

14.4        Submission to Jurisdiction.

 

(a)     Borrower hereby irrevocably and unconditionally (i) agrees that any legal action, suit or proceeding arising out of or relating to this Agreement and the other Loan Documents may be brought in the courts of the State of New York or of the United States of America for the Southern District of New York and (ii) submits to the exclusive jurisdiction of any such court in any such action, suit or proceeding. Final judgment against Borrower in any action, suit or proceeding shall be conclusive and may be enforced in any other jurisdiction by suit on the judgment. Nothing in this Section 14.4 shall affect the right of Administrative Agent and each Lender to (i) commence legal proceedings or otherwise sue Borrower in any other court having jurisdiction over Borrower or (ii) serve process upon Borrower in any manner authorized by the laws of any such jurisdiction.

 

(b)     In accordance with Rule 9, Accelerated Adjudication Actions, as set forth in Section 202.70(g) of the Rules of the Commercial Division of the Supreme Court, subject to the requirements for a case to be heard in the Commercial Division of the Supreme Court of the State of New York, Borrower hereby agrees to submit to the exclusive jurisdiction of the Commercial Division, New York State Supreme Court, and to the application of the such Court’s accelerated procedures, in connection with any dispute, claim or controversy arising out of or relating to this Agreement or any other Loan Document, or the breach, termination, enforcement or validity thereof.

 

14.5      Venue. Borrower irrevocably and unconditionally waives, to the fullest extent permitted by Applicable Law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement and the other Loan Documents in any court referred to in Section 14.4 and the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

 

14.6      Advertising. After Borrower has filed a Current Report on Form 8-K with the SEC with respect to the execution of Loan Agreement, Administrative Agent and each Lender, and their affiliates, in their sole and absolute discretion, may disclose publicly (including on its website) for marketing and promotional purposes that the Borrower is in such Administrative Agent’s and Lender’s portfolio, including but not limited to a royalty-free, non-exclusive, worldwide, irrevocable license in any intellectual property for use solely in marketing and promotional materials.

 

14.7      Waiver of Jury Trial. BORROWER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY.

 

27

 

 

14.8       Counterparts; Effectiveness. This Agreement and the other Loan Documents and any amendments, waivers, consents or supplements hereto may be executed in counterparts, each of which shall constitute an original, but all taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Agreement.

 

14.9       Waiver of Notice. Borrower hereby waives demand for payment, presentment for payment, protest, notice of payment, notice of dishonor, notice of nonpayment, notice of acceleration of maturity and diligence in taking any action to collect sums owing hereunder.

 

14.10      USA PATRIOT Act. Administrative Agent and each Lender hereby notifies Borrower that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify, and record information that identifies Borrower, which information includes the name and address of Borrower and other information that will allow Administrative Agent and each Lender to identify Borrower in accordance with the US PATRIOT Act, and Borrower agrees to provide such information from time to time to the Administrative Agent.

 

14.11     Interpretation. For purposes of this Agreement (i) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without limitation”; (ii) the word “or” is not exclusive; and (iii) the words “herein,” “hereof,” “hereby,” “hereto” and “hereunder” refer to this Agreement as a whole. The definitions given for any defined terms in this Agreement shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. Unless the context otherwise requires, references herein: (x) to Schedules, Exhibits and Sections mean the Schedules, Exhibits and Sections of this Agreement; (y) to an agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof; and (z) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder. This Agreement and the other Loan Documents shall be construed without regard to any presumption or rule requiring construction or interpretation against the Party drafting an instrument or causing any instrument to be drafted.

 

14.12     Amendments and Waivers. No term of this Agreement may be waived, modified or amended except by an instrument in writing signed by the Parties hereto. Any waiver of the terms hereof shall be effective only in the specific instance and for the specific purpose given.

 

14.13     Headings. The headings of the various Sections and subsections herein are for reference only and shall not define, modify, expand or limit any of the terms or provisions hereof.

 

14.14     No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising on the part of the Administrative Agent or any Lender, of any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by Applicable Law.

 

14.15    Electronic Execution. The words “execution,” “signed,” “signature,” and words of similar import in this Agreement shall be deemed to include electronic or digital signatures or the keeping of records in electronic form, each of which shall be of the same effect, validity and enforceability as manually executed signatures or a paper-based recordkeeping system, as the case may be, to the extent and as provided for under Applicable Law, including the Electronic Signatures in Global and National Commerce Act of 2000 (15 USC § 7001 et seq.), the Electronic Signatures and Records Act of 1999 (N.Y. State Tech. Law §§ 301-309), or any other similar state laws based on the Uniform Electronic Transactions Act.

 

28

 

 

14.16     Severability. If any term or provision of this Agreement 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. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the Parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.

 

[SIGNATURES APPEAR ON FOLLOWING PAGE]

 

29

 

 

IN WITNESS WHEREOF, the undersigned, by their duly authorized officers, have executed this Agreement and it is effective as of the day and year first above written.

 

	
			 

				
			BORROWER: 

				
			 

			
	 	 	 
	 	
			BLACKBOXSTOCKS INC., a Nevada

			corporation

				 
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			 

				
			 

			
	
			 

				
			Name: 

				
			Gust Kepler 

				
			 

			
	
			 

				
			Title: 

				
			Chief Executive Officer 

				
			 

			

 

30

 

 

	
			ADMINISTRATIVE AGENT: 

				
			 

				
			 

			
	 	 	 
	FVP SERVICING, LLC	 	 
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			By: ______________________________ 

				
			 

				
			 

				
			 

			
	
			Name:    Keith Lee 

				
			 

				
			 

				
			 

			
	
			Title:      Manager 

				
			 

				
			 

				
			 

			

 

 

 

	
			LENDER: 

				
			 

				
			 

			
	 	 	 
	
			FEENIX VENTURE PARTNERS

			OPPORTUNITY FUND II, LP

				 	 
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			By: _____________________________ 

				
			 

				
			 

				
			 

			
	
			Name:    Keith Lee 

				
			 

				
			 

				
			 

			
	
			Title:      Managing Partner 

				
			 

				
			 

				
			 

			

 

31

 

 

SCHEDULE A TO LOAN AGREEMENT

 

LENDER COMMITMENT SCHEDULE

 

	
			LENDER

				
			COMMITMENT

			
	
			Feenix Venture Partners Opportunity Fund II, LP

				
			$1,000,000.00

			

 

32

 

 

SCHEDULE B TO LOAN AGREEMENT

 

INDEBTEDNESS

 

 

1.     8% Fixed Convertible Promissory Note dated May 21, 2019 by Borrower in favor of Harbor Gates Capital, LLC in an original principal of $550,000, with an outstanding balance of $406,427, so long as such note is subject to that certain Forbearance and Note Settlement Agreement dated as of July 10, 2020 (the “Harbor Gates Forbearance Agreement”) between Borrower and Harbor Gates Capital, LLC.

 

2.     8% Fixed Convertible Promissory Note dated July 17, 2019 by Borrower in favor of Vista Capital Investments, LLC in an original principal of $165,000, with an outstanding balance of $152,170, so long as such note is subject to that certain Forbearance and Note Settlement Agreement dated as of July 10, 2020 (together with the Harbor Gates Forbearance Agreement, the “Forbearance Agreements”) between Borrower and Vista Capital Investments, LLC.

 

3.     90 Day Negotiable Promissory Note dated November 9, 2018 by Borrower in favor of Gust Kepler in the original principal amount and outstanding principal amount of $120,000 (the “Subordinated Debt”).

 

33

 

 

EXHIBIT A TO LOAN AGREEMENT

 

 

FORM OF NOTE

 

	$[________________]	[_______], 2020

     

FOR VALUE RECEIVED, BLACKBOXSTOCKS INC., a Nevada corporation (“Borrower”) hereby promises to pay to the order of [___________] (the “Noteholder”), the principal amount of [___________________] ($[______]) (or, the aggregate outstanding principal amount of the Loan held by the Noteholder) in accordance with the provisions of that certain Loan Agreement dated as of November 12, 2020 (as amended, modified or supplemented, the “Loan Agreement”), by and among Borrower, the Noteholder, the other Lenders party thereto and FVP SERVICING, LLC, a Delaware limited liability company, as administrative agent (“Administrative Agent”). Capitalized terms used herein shall have the meanings set forth in the Loan Agreement.

 

Borrower promises to pay interest on the unpaid principal amount of this Note (this “Note”) at such interest rates and at such times as provided in the Loan Agreement. All payments of principal and interest shall be made to Administrative Agent, for the benefit Noteholder, in immediately available funds by wire, checks or money orders made payable to Administrative Agent in accordance with Section 2.3 of the Loan Agreement. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest at a rate, to be paid as set forth in the Loan Agreement.

 

This Note is entitled to the benefits of the Loan Agreement and may be prepaid in whole or in part subject to the terms and conditions provided therein. Upon the occurrence and continuation of one or more of the Events of Default specified in the Loan Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as and to the extent provided in the Loan Agreement. The Noteholder may attach schedules to this Note and endorse thereon the date, amount and maturity of its Advances under the Loan Agreement and payments with respect thereto.

 

Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Note.

 

THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

IN WITNESS WHEREOF, Borrower has caused this Note to be executed and delivered and it is effective as of the date first written above.

 

	
			 

				
			BORROWER: 

				
			 

			
	 	 	 
	 	
			BLACKBOXSTOCKS INC., a Nevada

			corporation

				 
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			 

				
			 

			
	
			 

				
			Name: 

				
			 

				
			 

			
	
			 

				
			Title: 

				
			 

				
			 

			

 

34

 

 

EXHIBIT B TO LOAN AGREEMENT

 

OFFICER’S CERTIFICATE

 

This Officer’s Certificate is delivered in connection with that certain Loan Agreement (the “Loan Agreement”) dated as of November 12, 2020, by and among BlackBoxStocks Inc., a Nevada corporation (the “Company”), FVP Servicing, LLC, a Delaware limited liability company, as administrative agent for the “Lenders” party thereto from time to time (the “Administrative Agent”) and the other parties thereto from time to time. Capitalized terms used herein shall have the meanings set forth in the Loan Agreement.

 

I, _____________________, hereby certify that I am an authorized signatory of the Borrower, and that as such, I am authorized to execute and deliver this Officer’s Certificate on behalf of the Company, and further certify, in my capacity as an authorized signatory of the Company, as follows:

 

	 	
			1.

				
			Formation Documents -- Attached hereto as Exhibit A is a true, correct and complete set of the Articles of Incorporation and all other organizational documents of the Company, including all amendments and modifications thereto, as certified to by the Secretary of State of the State of Nevada. Such Articles of Incorporation is in full force and effect on the date hereof and has not been otherwise amended, modified or rescinded.

			

 

	 	
			2.

				
			Governance -- Attached hereto as Exhibit B is a true, correct, and complete copy of the Bylaws, or similar governing agreement of the Company, including all amendments and modifications thereto. Such agreements are all in full force and effect on the date hereof and have not been otherwise amended, modified or rescinded.

			

 

	 	
			3.

				
			Good Standing -- Attached hereto as Exhibit C is the good standing certificate from the Secretary of State of the State of Nevada with respect to the Company required by the Loan Agreement as a condition precedent.

			

 

	 	
			4.

				
			Incumbency Certificate and Borrowing Resolution -- Attached hereto as Exhibit D is an incumbency certificate and borrowing resolution required by the Loan Agreement as a condition precedent.

			

 

IN WITNESS WHEREOF, I have hereunto signed my name as of the date first set forth above.

 

	
			 

				
			BLACKBOXSTOCKS INC., 

				
			 

			
	 	a Nevada corporation	 
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			 

				
			 

			
	
			 

				
			Name: 

				
			 

				
			 

			
	
			 

				
			Title: 

				
			 

				
			 

			

 

35

 

 

EXHIBIT A TO OFFICER’S CERTIFICATE

Articles of Incorporation

[attached]

 

36

 

 

EXHIBIT B TO OFFICER’S CERTIFICATE

 

Governance Agreements

 

[attached]

 

37

 

 

EXHIBIT C TO OFFICER’S CERTIFICATE

 

Certificate of Good Standing

[attached] 

 

38

 

 

EXHIBIT D TO OFFICER’S CERTIFICATE

Certificate of Incumbency and Borrowing Resolution

[attached]

 

39

 

 

EXHIBIT C TO LOAN AGREEMENT

 

FLOW OF FUNDS MEMORANDUM

 

 

	
			Source of Funds:

				
			Amount

			
	
			 

			Loan Proceeds

			 

				
			$1,000,000.00

			
	
			Use of Funds

				
			Amount

				
			Payee/Wire Transfer Instructions

			
	
			Commitment Fee to Lenders

				
			$10,000.00

				
			To be withheld by Administrative Agent from Loan proceeds and applied to payment.

			
	
			Attorneys’ Fees of Administrative Agent and Lenders

				
			$10,000.00

				
			Kutak Rock

			Bank Name: First National Bank of Omaha

			Bank Address: 1620 Dodge Street, Omaha, Nebraska

			Account Name: Kutak Rock LLP

			ABA Routing #: 104000016

			Account #: 24-690470

			Reference: Invoice No. 2787484

			
	
			To Borrower for application in accordance with the terms of the Loan Agreement

				
			$980,000.00

				
			Borrower

			Bank Name:

			Bank Address:

			Account Name:

			ABA Routing #:

			Account #:

			Reference:

			

 

40

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