Document:

Exhibit 10.1

      

     

      

    
      Execution Version

       

      THIS INSTRUMENT, AS WELL AS THE INDEBTEDNESS, RIGHTS AND OBLIGATIONS EVIDENCED HEREBY, ARE AND SHALL AT ALL TIMES BE AND REMAIN SUBORDINATED IN
        RIGHT AND TIME OF PAYMENT TO THE EXTENT AND IN THE MANNER SET FORTH IN THAT CERTAIN SUBORDINATION AGREEMENT (AS AMENDED, SUPPLEMENTED, RESTATED, OR OTHERWISE MODIFIED FROM TIME TO TIME IN ACCORDANCE WITH THE TERMS THEREOF, THE “SUBORDINATION
        AGREEMENT”) DATED AS OF SEPTEMBER 25, 2021, EXECUTED AND DELIVERED BY MEDTRONIC, INC., AS THE SUBORDINATED CREDITOR (AS DEFINED THEREIN), TO THE PRIOR DISCHARGE OF THE SENIOR DEBT, AND EACH HOLDER OF THIS INSTRUMENT BY ITS ACCEPTANCE HEREOF
        IRREVOCABLY AGREES TO BE BOUND BY THE PROVISIONS OF THE SUBORDINATION AGREEMENT.

       

      
        
 

      FACILITY AGREEMENT

       

      dated as of September 25, 2021

       

      by and among

       

      INTERSECT ENT, INC.,

       

      as the Borrower,

       

      the other Loan Parties party hereto from time to time,

       

      and

       

      Medtronic, Inc.,

       

      as the Lender

       

      
        
          

      

      
      Table of Contents

       

      	
              ARTICLE 1 DEFINITIONS

            	
              1

            
	 	
              Section 1.1.

            	
              General Definitions

            	
              1

            
	 	
              Section 1.2.

            	
              Interpretation

            	
              23

            
	 	
              Section 1.3.

            	
              Business Day Adjustment

            	
              24

            
	 	
              Section 1.4.

            	
              Loan Records

            	
              24

            
	 	
              Section 1.5.

            	
              Accounting Terms and Principles

            	
              24

            
	 	
              Section 1.6.

            	
              Officers

            	
              25

            
	
              ARTICLE 2 AGREEMENT FOR THE LOANS

            	
              25

            
	 	
              Section 2.1.

            	
              Disbursement of the Loans

            	
              25

            
	 	
              Section 2.2.

            	
              Payments; Prepayments

            	
              25

            
	 	
              Section 2.3.

            	
              Payment Details

            	
              26

            
	 	
              Section 2.4.

            	
              Taxes

            	
              26

            
	 	
              Section 2.5.

            	
              Costs, Expenses and Losses

            	
              28

            
	 	
              Section 2.6.

            	
              Interest

            	
              29

            
	 	
              Section 2.7.

            	
              Interest on Late Payments

            	
              29

            
	
              ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF THE LOAN PARTIES

            	
              29

            
	 	
              Section 3.1.

            	
              No Default

            	
              29

            
	 	
              Section 3.2.

            	
              Solvency

            	
              29

            
	 	
              Section 3.3.

            	
              Enforceability

            	
              30

            
	 	
              Section 3.4.

            	
              Existence, Qualification and Power

            	
              30

            
	 	
              Section 3.5.

            	
              Litigation

            	
              30

            
	 	
              Section 3.6.

            	
              Corporate Authorization; Conflicts

            	
              31

            
	 	
              Section 3.7.

            	
              Governmental Authorizations

            	
              31

            
	 	
              Section 3.8.

            	
              Ownership of Real Estate and Personal Property

            	
              31

            
	 	
              Section 3.9.

            	
              Intellectual Property

            	
              31

            
	 	
              Section 3.10.

            	
              Taxes

            	
              32

            
	 	
              Section 3.11.

            	
              Compliance with Laws

            	
              32

            
	 	
              Section 3.12.

            	
              Reserved

            	
              32

            
	 	
              Section 3.13.

            	
              Financial Statements

            	
              32

            
	 	
              Section 3.14.

            	
              Accounting Controls

            	
              33

            
	 	
              Section 3.15.

            	
              ERISA

            	
              33

            
	 	
              Section 3.16.

            	
              Subsidiaries

            	
              33

            
	 	
              Section 3.17.

            	
              Shares of Stock

            	
              33

            
	 	
              Section 3.18.

            	
              Material Agreements

            	
              34

            
	 	
              Section 3.19.

            	
              Use of Proceeds; Margin Stock

            	
              34

            
	 	
              Section 3.20.

            	
              Environmental Matters

            	
              34

            
	 	
              Section 3.21.

            	
              Investment Company Act

            	
              34

            
	 	
              Section 3.22.

            	
              Labor Relations

            	
              35

            
	 	
              Section 3.23.

            	
              Certain Regulations

            	
              35

            
	 	
              Section 3.24.

            	
              Securities Laws

            	
              36

            

      

      

      
        i

        
          

      

      	
              ARTICLE 4 [RESERVED]

            	
              36

            
	
              ARTICLE 5 CONDITIONS OF DISBURSEMENT

            	
              36

            
	 	
              Section 5.1.

            	
              Conditions to Initial Disbursement

            	
              36

            
	 	
              Section 5.2.

            	
              Conditions to Subsequent Disbursements

            	
              37

            
	
              ARTICLE 6 AFFIRMATIVE COVENANTS

            	
              37

            
	 	
              Section 6.1.

            	
              Preservation of Existence, Etc

            	
              37

            
	 	
              Section 6.2.

            	
              Compliance with Laws

            	
              38

            
	 	
              Section 6.3.

            	
              Authorizations

            	
              38

            
	 	
              Section 6.4.

            	
              Maintenance of Property

            	
              38

            
	 	
              Section 6.5.

            	
              Insurance

            	
              38

            
	 	
              Section 6.6.

            	
              Payment of Taxes

            	
              38

            
	 	
              Section 6.7.

            	
              Notices

            	
              38

            
	 	
              Section 6.8.

            	
              SEC Documents; Financial Statements

            	
              39

            
	 	
              Section 6.9.

            	
              [Reserved]

            	
              39

            
	 	
              Section 6.10.

            	
              Further Assurances

            	
              39

            
	 	
              Section 6.11.

            	
              Environmental Matters

            	 40

            
	 	
              Section 6.12.

            	
              Use of Proceeds

            	
              40

            
	 	
              Section 6.13.

            	
              ERISA Notices

            	
              40

            
	
              ARTICLE 7 NEGATIVE COVENANTS

            	
              40

            
	 	
              Section 7.1.

            	
              Merger, Consolidation, Etc

            	
              40

            
	 	
              Section 7.2.

            	
              Liens

            	
              40

            
	 	
              Section 7.3.

            	
              Indebtedness

            	
              43

            
	 	
              Section 7.4.

            	
              Affiliate Transactions

            	
              44

            
	 	
              Section 7.5.

            	
              Conduct of Business

            	
              45

            
	 	
              Section 7.6.

            	
              Amendments to Organizational Documents

            	
              45

            
	 	
              Section 7.7.

            	
              Accounting Changes

            	
              45

            
	 	
              Section 7.8.

            	
              Payments of Qualifying Unsecured Debt

            	
              45

            
	 	
              Section 7.9.

            	
              OFAC; Patriot Act; Anti-Corruption Laws

            	
              46

            
	 	
              Section 7.10.

            	
              Restricted Payments

            	
              46

            
	 	
              Section 7.11.

            	
              Burdensome Agreements and Negative Pledges

            	
              47

            
	 	
              Section 7.12.

            	
              Investment Company Act

            	
              48

            
	
              ARTICLE 8 EVENTS OF DEFAULT

            	
              48

            
	 	
              Section 8.1.

            	
              Events of Default

            	
              48

            
	 	
              Section 8.2.

            	
              Remedies

            	
              50

            
	
              ARTICLE 9 MISCELLANEOUS

            	
              51

            
	 	
              Section 9.1.

            	
              Notices

            	
              51

            
	 	
              Section 9.2.

            	
              Cost and Expense Reimbursement

            	
              52

            
	 	
              Section 9.3.

            	
              Governing Law; Venue; Jurisdiction; Service of Process; WAIVER OF JURY TRIAL

            	
              52

            
	 	
              Section 9.4.

            	
              Successors and Assigns

            	
              53

            
	 	
              Section 9.5.

            	
              Entire Agreement; Amendments

            	
              54

            
	 	
              Section 9.6.

            	
              Severability

            	
              54

            
	 	
              Section 9.7.

            	
              Counterparts

            	
              55

            
	 	
              Section 9.8.

            	
              Survival of Representations and Warranties

            	
              55

            

      

      

      
        ii

        
          

      

      	 	
              Section 9.9.

            	
              No Waiver; Remedies Cumulative

            	
              55

            
	 	
              Section 9.10.

            	
              Indemnity

            	
              55

            
	 	
              Section 9.11.

            	
              No Usury

            	
              56

            
	 	
              Section 9.12.

            	
              Specific Performance

            	
              56

            
	 	
              Section 9.13.

            	
              USA Patriot Act

            	
              57

            
	 	
              Section 9.14.

            	
              No Third Parties Benefited

            	
              57

            
	 	
              Section 9.15.

            	
              Binding Effect

            	
              57

            
	 	
              Section 9.16.

            	
              Marshaling; Payments Set Aside

            	
              57

            
	 	
              Section 9.17.

            	
              Right of Setoff

            	
              57

            
	 	 	 	 
	
              Schedules

            
	 
	 	
              Schedule 2.3

            	
              Payment Details

            	 
	 	
              Schedule 3.9

            	
              Intellectual Property

            	 
	 	
              Schedule 3.15

            	
              ERISA

            	 
	 	
              Schedule 3.16

            	
              Subsidiaries

            	 
	 	
              Schedule 3.19

            	
              Margin Stock

            	 
	 	
              Schedule 3.20

            	
              Environmental Matters

            	 
	 	
              Schedule 3.22

            	
              Labor Relations

            	 
	 	
              Schedule 7.2(a)

            	
              Existing Liens

            	 
	 	
              Schedule 7.3(a)

            	
              Existing Indebtedness

            	 
	 	 	 	 
	
              Exhibits

            
	 
	 	
              Exhibit A

            	
              Form of Assignment and Assumption

            	 
	 	
              Exhibit B

            	
              Form of Disbursement Request

            	 
	 	
              Exhibit C-1

            	
              Form of Portfolio Interest Certificate (Non Partnerships)

            	 
	 	
              Exhibit C-2

            	
              Form of Portfolio Interest Certificate (Partnerships)

            	 

       

      

      
        iii

        
          

      

      FACILITY AGREEMENT

       

      This FACILITY AGREEMENT (this “Agreement”), dated as of September 25, 2021 is entered into by and among INTERSECT ENT, INC., a Delaware
        corporation (the “Borrower”), the other Loan Parties (as defined below) party hereto from time to time, Medtronic, Inc., a Minnesota corporation (the “Lender” and, together with the Borrower and the other Loan Parties party hereto,
        the “Parties”).

       

      W I T N E S S E T H:

       

      WHEREAS, the Borrower desires that the Lender extend certain term loans to the Borrower to (i) provide funds for the Borrower’s working capital and
        general corporate purposes, and (ii) pay a portion of the costs and expenses related to entering into this Agreement and obtaining the Loans contemplated hereby, in each case subject to the terms and conditions set forth in this Agreement; and

       

      WHEREAS, each of the Loan Parties is willing to Guarantee all of the Obligations;

       

      NOW, THEREFORE, in consideration of the mutual agreements set forth herein, the Parties hereby agree as follows:

       

      ARTICLE 1

      DEFINITIONS

       

      Section 1.1.      General Definitions.  Wherever used in this Agreement, the Exhibits or the Schedules attached hereto, unless the context otherwise requires, the following
        terms have the following meanings:

       

      “Acquisition” means any transaction or series of related transactions for the purpose of or resulting, directly or indirectly, in (a) the
        acquisition of all or substantially all of the assets of a Person, or of any business, business line, unit of operation or division of a Person, (b) the acquisition of in excess of fifty percent (50%) of the equity interests of any Person or
        otherwise causing any Person to become a Subsidiary of a Loan Party, (c) a merger or consolidation or any other combination with another Person or (d) the acquisition (including through licensing) of any product, product line or Intellectual
        Property of or from any other Person.

       

      “Additional Amounts” has the meaning set forth in Section 2.4(a).

       

      “Affiliate” means, with respect to any Person, any other Person that directly or indirectly (a) controls, or is controlled by, or is under
        common control with, such Person; or (b) is a general partner, manager or managing member of such Person.  Without limiting the foregoing, a Person shall be deemed to be “controlled by” any other Person if such other Person possesses, directly or
        indirectly, the power to vote ten percent (10%) or more of the securities (on a fully diluted basis) having ordinary voting power for the election of directors or managers or the power to direct or cause the direction of the management and policies
        of such Person, whether by contract or otherwise.  Unless expressly stated otherwise herein, the Lender shall not, for the purposes of this Agreement or any of the other Facility Documents, be deemed an Affiliate of the Borrower, any other Loan
        Party or any of their respective Subsidiaries.  With respect to the Lender, any investment fund or managed account that is managed on a discretionary basis by the same investment manager as the Lender shall, for purposes hereof, be deemed to be an
        Affiliate of the Lender.

       

      
        
          

      

      
      “Agreement” has the meaning set forth in the preamble to this Agreement.

       

      “Anti-Corruption Laws” has the meaning set forth in Section 3.23(c).

       

      “Anti-Money Laundering Laws” has the meaning set forth in Section 3.23(b).

       

      “Applicable Laws” means, with respect to any Person, the common law and any federal, provincial, state, territorial, local, foreign,
        multinational or international laws, statutes, codes, treaties, standards, rules and regulations, guidelines, ordinances, orders, judgments, writs, injunctions, decrees or settlement agreements (including administrative or judicial precedents or
        authorities) and the interpretation or administration thereof by, and other determinations, directives, requirements or requests of, any Governmental Authority, including all Health Care Laws, in each case whether or not having the force of law
        and, in each case, that are applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.

       

      “Assignment and Assumption” means an assignment and assumption agreement entered into by the Lender and an assignee, substantially in the
        form of Exhibit A or any other form reasonably approved by the Lender.

       

      “Authorizations” means, with respect to any Person, any permits, approvals, authorizations, licenses, registrations, certificates,
        clearances, concessions, grants, franchises, variances or permissions from, and any other contractual obligations with, any Governmental Authority, in each case whether or not having the force of law, and, in each case, and applicable to or binding
        upon such Person or any of its property or to which such Person or any of its property is subject (including all Health Care Permits), and any supplements or amendments with respect to the foregoing.

       

      “Authorized Officer” means the chief executive officer, the president or the chief financial officer of the Borrower or any other officer
        having substantially the same authority and responsibility.

       

      “Availability Period” means the period commencing on the Closing Date and ending on the earlier of (i) the date the Merger Agreement is
        terminated for any reason other than the closing of the merger transaction contemplated therein and (ii) the closing of the merger transaction contemplated therein.

       

      
        2

        
          

      

      “Bankruptcy Code” means Title 11 of the United States Code, as in effect from time to time.

       

      “Borrower” has the meaning set forth in the preamble to this Agreement.

       

      “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the
        Applicable Laws of, or are in fact closed in, New York, New York.

       

      “Capital Lease” means, with respect to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee that,
        in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person (subject to Section 1.5).

       

      “Capital Lease Obligations” means, at the time any determination thereof is to be made, the amount of the liability of a Person in respect of
        a Capitalized Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP (subject to Section 1.5).

       

      “CFC” means a “controlled foreign corporation” as defined in Section 957 of the Code.

       

      “CHAMPVA” means, collectively, the Civilian Health and Medical Program of the Department of Veterans Affairs, a program of medical benefits
        covering retirees and dependents of former members of the armed services administered by the United States Department of Veterans Affairs, and all Applicable Laws, rules, regulations, manuals, orders or requirements pertaining to such program.

       

      “Change of Control” means (a) a consolidation, merger, exchange of shares, tender or exchange offer, recapitalization, reorganization,
        business combination, purchase or sale of shares or other similar event, following which the holders of Common Stock, or of the voting power of voting stock immediately preceding such consolidation, merger, exchange, recapitalization,
        reorganization, business combination, sale of shares or other event either (i) no longer hold a majority of the outstanding shares of Common Stock or of the shares or voting power of voting stock of the Company, or (ii) no longer have the ability
        to elect a majority of the Board of Directors of the Company; (b) a “person” or “group” within the meaning of Section 13(d) of the Exchange Act, other than the Company, files any schedule, form or report under the Exchange Act disclosing that such
        person or group has become the direct or indirect “beneficial owner” as defined in Rule 13d-3 under the Exchange Act of the Company’s Capital Stock representing beneficial ownership of more than 50% of the outstanding shares of Common Stock or the
        shares or voting power of the Company’s voting stock; or (c) the occurrence of a “change of control,” however so defined in any document, agreement or instrument governing or evidencing any Indebtedness with a principal amount in excess of
        $5,000,000 or, in each case, any term of similar effect, excluding the Merger (as defined in the Merger Agreement).

       

      “Closing Date” means the date of this Agreement.

       

      
        3

        
          

      

      “Code” means the Internal Revenue Code of 1986, as amended, and any Treasury Regulations promulgated thereunder.

       

      “Common Stock” means the common stock, $0.001 par value per share of the Borrower.

       

      “Convertible Securities” means any securities (other than Options) directly or indirectly convertible into or exchangeable or exercisable for
        shares of Common Stock.

       

      “Copyrights” means, collectively, all of the following: (a) all copyrights, rights and interests in copyrights, works protectable by
        copyright, unregistered copyright rights, copyright registrations and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties, damages and payments now or hereafter due and/or payable under any of the foregoing
        or with respect to any of the foregoing, including damages or payments for past, present or future infringements of any of the foregoing; (d) the right to sue for past, present and future infringements of any of the foregoing; and (e) all rights
        corresponding to any of the foregoing throughout the world.

       

      “Default” means any event that, with the giving of notice, lapse of time or fulfillment of any other applicable condition (or any combination
        of the foregoing), would constitute an Event of Default.

       

      “Deerfield Convertible Indebtedness” means the Indebtedness outstanding under that certain Facility Agreement, dated as of May 11, 2020, by
        and among the Borrower, the other Loan Parties party thereto from time to time, the lenders set forth on the signature page thereto, and Deerfield Partners, L.P., as agent for itself and the other lenders party thereto.

       

      “Deerfield Facility Agreement” means Facility Agreement, dated as of July 22, 2021, by and among the Borrower the other Loan Parties party
        thereto from time to time, the lenders set forth on the signature page thereto, and Deerfield Partners, L.P., as agent for itself and the other secured parties thereto.

       

      “Deerfield Indebtedness” means the Indebtedness outstanding under the Deerfield Facility Agreement.

       

      “Deerfield Subordination Agreement” means that certain Subordination Agreement, dated as of the date hereof, by and among the Lender, and
        Deerfield Partners, L.P., as agent for the Secured Parties (as defined in the Deerfield Facility Agreement), and acknowledged by the Loan Parties, in form and substance acceptable to Deerfield Partners, L.P.

       

      “Disbursement Date” means each date on which Loans are made.

       

      “Disbursement Request” means a written notice substantially in the form of Exhibit B hereto.

       

      
        4

        
          

      

      “Disqualified Lender” means (a) each Person (other than the Lender and its Subsidiaries) that is a direct competitor of the Borrower or any
        of its Subsidiaries, in each case, that is separately identified in writing by the Borrower from time to time to the Lender, (b) any controlling Affiliate (other than with respect to such Affiliate at which sufficient customary barriers are in
        place at such entities to prevent the sharing confidential information with respect to the Borrower with the controlled direct competitor of the Borrower) or controlled Affiliate of any such Person that is either (i) identified in writing to the
        Lender by the Borrower from time to time or (ii) clearly identifiable on the basis of such Affiliate’s name; provided that, in the case of clauses (a) and (b) above, (i) no identification of a Person as a competitor or a
        controlling or controlled Affiliate of a competitor shall be effective to retroactively disqualify any Person that is, at the time of such identification, already a Lender, and (x) no Person that operates as a brokerage, insurance business, pension
        fund (or other benefit fund), hedge fund, private equity fund, other investment fund, or investment banking, investment management, investment advisory, lobbying or publishing business, or (y) any non-profit research or non-profit enterprise, shall
        constitute a Disqualified Lender, whether or not such Person owns an interest in a competitor or a controlled Affiliate of a competitor.  Notwithstanding anything to the contrary contained in this Agreement, the Borrower (on behalf of itself and
        the other Loan Parties) and the Lender acknowledge and agree that no Secured Party shall have any responsibility or obligation to determine whether any Lender or potential Lender is a competitor (it being understood and agreed, however, that each
        potential Lender shall be required to represent and warrant in the related Assignment and Assumption Agreement that such potential Lender is not a Disqualified Lender).

       

      “Disqualified Stock” means any Stock that, by its terms (or by the terms of any security or other Stock into that it is convertible or for
        which it is exchangeable), or upon the happening of any event or condition, (a) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, on
        or prior to the date that is one year and one day following the Maturity Date (excluding any provisions requiring redemption upon a “change of control,” “fundamental change” or similar event that constitutes a Change of Control), (b) is convertible
        into or exchangeable for (i) debt securities or (ii) any Stock referred to in clause (a) above, in each case, at any time on or prior to the date that is one year and one day following the Maturity Date at

        the time such Stock is issued, or (c) is entitled to receive scheduled dividends or distributions in cash prior to the date that is one year and one day following the Maturity Date; provided that, if such Stock is issued pursuant to a plan
        for the benefit of employees of the Borrower or any Subsidiary or by any such plan to such employees, such Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Borrower or its Subsidiaries in
        order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability.

       

      “Division/Series Transaction” means, with respect to the Loan Parties and their Subsidiaries, that any such Person (a) divides into two or
        more Persons (whether or not the original Loan Party or Subsidiary thereof survives such division) or (b) creates, or reorganizes into, one or more series, in each case as contemplated under the laws of any jurisdiction.

       

      
        5

        
          

      

      “Dollars” and the “$” sign mean the lawful currency of the United States of America.

       

      “EDGAR” has the meaning set forth in Section 3.12.

       

      “Employee Benefit Plan” means any “employee benefit plan” within the meaning of Section 3(3) of ERISA, and any stock purchase, stock option,
        stock‐based severance, employment, change‐in‐control, medical, disability, fringe benefit, bonus, incentive, deferred compensation, employee loan and any other employee benefit plan, agreement, program, policy or other arrangement, whether or not
        subject to ERISA, under which (A) any current or former employee, director or independent contractor of the Borrower or any of its Subsidiaries has any present or future right to benefits and that is contributed to, sponsored by or maintained by
        the Borrower or any of its respective Subsidiaries or (B) the Borrower or any of its Subsidiaries has had or has or would reasonably be expected to have any present or future obligation or liability.

       

      “Environmental Laws” means all Applicable Laws and Authorizations relating to (a) pollution or protection of the environment, (b) any
        Hazardous Materials activity, or (c) occupational safety and health, industrial hygiene (as they relate to exposure to Hazardous Materials), or the protection of human health or welfare from exposure to Hazardous Materials.

       

      “ERISA” means the US Employee Retirement Income Security Act of 1974 (or any successor legislation thereto) and the regulations promulgated
        and rulings issued thereunder.

       

      “ERISA Affiliate” means, collectively, any Loan Party, any Subsidiary of a Loan Party, and any Person under common control or treated as a
        single employer with, any Loan Party or any Subsidiary of a Loan Party, within the meaning of Section 414(b) or (c) of the Code, and solely with respect to Section 412 of the Code (and other provisions of the Code significantly related thereto
        (e.g., Sections 430 through 436 of the Code)), under Section 414(m) or (o) of the Code.

       

      “ERISA Event” means any of the following: (a) a “reportable event” described in Section 4043(b) or (c) of ERISA (or, unless the thirty
        (30)-day notice requirement has been duly waived under the applicable regulations) with respect to a Title IV Plan; (b) the withdrawal of any ERISA Affiliate from a Title IV Plan subject to Section 4063 of ERISA during a plan year in which it was a
        substantial employer, has the meaning set forth in Section 4001(a)(2) of ERISA; (c) the complete or partial withdrawal of any ERISA Affiliate from any Multiemployer Plan; (d) with respect to any Multiemployer Plan, the filing of a notice of
        reorganization, insolvency or termination, or treatment of a plan amendment as termination, under Section 4041A of ERISA; (e) the filing of a notice of intent to terminate a Title IV Plan, or treatment of a plan amendment as termination, under
        Section 4041 of ERISA; (f) the institution of Proceedings to terminate a Title IV Plan or Multiemployer Plan by the PBGC; (g) the failure to make any required contribution to any Title IV Plan or Multiemployer Plan when due; (h) the imposition of a
        Lien under Section 412 or 430(k) of the Code or Section 303 or 4068 of ERISA on any property (or rights to property, whether real or personal) of any ERISA Affiliate; (i) the failure of a Benefit Plan or any trust thereunder intended to qualify for
        tax exempt status under Section 401 or 501 of the Code or other Laws to qualify thereunder; (j) a Title IV plan is in “at risk” status within the meaning of Code Section 430(i); (k) a Multiemployer Plan is in “endangered status” or “critical
        status” within the meaning of Section 432(b) of the Code; or (l) any other event or condition that constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Title IV Plan or
        Multiemployer Plan or for the imposition of any liability upon any ERISA Affiliate under Title IV of ERISA other than for contributions to Title IV Plans and Multiemployer Plans in the ordinary course and PBGC premiums due but not delinquent.

       

      
        6

        
          

      

      “Event of Default” has the meaning set forth in Section 8.1.

       

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

       

      “Excluded Subsidiary” means (a) any Subsidiary that is prohibited by any applicable law or by any contractual obligation existing on the
        Closing Date (or, if later, the date of acquisition of such Subsidiary) from Guaranteeing the Obligations (provided that such contractual obligation was not entered into in order to satisfy the conditions of this definition) or any
        Subsidiary that would require consent, approval, license or authorization of any Governmental Authority in order to Guarantee the Obligations unless such consent, approval, license or authorization has been received or can be obtained by the
        Subsidiary through the use of commercially reasonable efforts, (b) any Subsidiary that is a CFC, FSHCO or a direct or indirect subsidiary of any CFC or FSHCO, in each case only if the Borrower demonstrates to the satisfaction of the Lender
        (exercised reasonably and in good faith) that the inclusion of such Subsidiary as an Excluded Subsidiary is necessary in order to prevent the Borrower’s inclusion of income in the current or immediately succeeding taxable year (if such succeeding
        year is within the term of the Loans) in an amount materially greater than the income inclusion that would result for such taxable year absent such Subsidiary’s inclusion as an Excluded Subsidiary; and (c) any Immaterial Subsidiary; provided
        that no Subsidiary shall constitute an Excluded Subsidiary if it (x) Guarantees any Indebtedness of a Loan Party or (y) owns or exclusively licenses any Intellectual Property that is material to the business of the Borrower and its Subsidiaries,
        taken as a whole.

       

      “Excluded Taxes” means with respect to any Secured Party, (a) Taxes imposed on (or measured by) net income (however denominated), franchise
        Taxes and branch profits Taxes, in each case (i) imposed as a result of such Lender being organized under the laws of, or having its principal office or applicable lending office located in, the jurisdiction imposing such Tax (or any political
        subdivision thereof), or (ii) that are Other Connection Taxes, (b) in the case of a Lender, any withholding Tax imposed on amounts payable to or for the account of such Lender with respect to its interest in a Loan under a law in effect at the time
        such Lender becomes a party to this Agreement or changes its lending office, except to the extent such Lender acquired its interest in the Loans from a transferor that was entitled, immediately before such transfer, to receive Additional Amounts
        with respect to such withholding Tax pursuant to Section 2.4(a) or was itself a Lender so entitled immediately before changing its lending office, (c) in the case of a Lender, any withholding Taxes attributable to such Lender’s failure to
        comply with Section 2.4(d), or (d) any withholding Tax imposed under FATCA.

       

      
        7

        
          

      

      “Facility Documents” means this Agreement, the Deerfield Subordination Agreement, any Guaranty, any written notices from the Borrower with
        respect to the request of Loans under Section 2.1, any Disbursement Requests, and all other documents, agreements and instruments delivered in connection with any of the foregoing, in each case, as amended, restated, supplemented or
        otherwise modified from time to time.

       

      “FATCA” means Sections 1471 through 1474 of the Code as of the date of this Agreement (or any amended or successor version that is
        substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory
        legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code.

       

      “Fiagon Reorganization” means the merger of Intersect ENT GmbH, Duesseldorf into Fiagon GmbH, Hennigsdorf, and the latter changing its name
        to “Intersect ENT GmbH.”

       

      “FCPA” has the meaning set forth in Section 3.23(c).

       

      “Federal Reserve Board” means the Board of Governors of the Federal Reserve System or any entity succeeding to any of its principal
        functions.

       

      “Foreign Lender” has the meaning set forth in Section 2.4(e).

       

      “FSHCO” means a Subsidiary that owns (directly or indirectly) no material assets other than equity interests (or equity interests and debt
        interests) of one or more CFCs.

       

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

       

      “Governmental Authority” means any federal, state, foreign or international government, regulatory or administrative agency, any state or
        other political subdivision thereof having jurisdiction over any Loan Party or any Subsidiary of any Loan Party, any central bank (or similar monetary or regulatory authority) thereof, any entity exercising executive, legislative, judicial,
        regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing.  For the avoidance of doubt, Governmental
        Authority shall include the SEC, the Principal Market, the Financial Industry Regulatory Authority and any agency, branch or other governmental body, entity or panel charged with the responsibility and/or vested with the authority to administer
        and/or enforce any Health Care Laws, including any Medicare or Medicaid administrators, contractors, intermediaries or carriers.

       

      
        8

        
          

      

      “Guarantee” by any Person means any obligation, contingent or otherwise, of such Person directly or indirectly guaranteeing any Indebtedness
        or other obligation of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such Person (a) to purchase or pay (or advance or supply funds for the purchase or
        payment of) such Indebtedness or other obligation (whether arising by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or
        otherwise), or (b) entered into for the purpose of assuring in any other manner the obligee of such Indebtedness or other obligation of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided,
        however, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business.  The term “Guarantee” used as a verb has a corresponding meaning.

       

      “Guarantor” means each Subsidiary of the Borrower (other than any Excluded Subsidiary) and each other Person who provides a guaranty of any
        of the Obligations under this Agreement pursuant to a Guaranty or any other Facility Document, including pursuant to a joinder agreement thereto.

       

      “Guaranty” means a Guaranty made by a Guarantors in favor of the Lender in form and substance reasonably acceptable to the Lender.

       

      “Hazardous Material” means (a) any radioactive materials, asbestos-containing materials, urea formaldehyde foam insulation, polychlorinated
        biphenyls, radon gas, petroleum and petroleum by-products and derivatives and (b) any other chemical, material or substance, waste, pollutant or contaminant that is prohibited, limited or subject to regulation, investigation, control or remediation
        by or pursuant to any Environmental Law, in each case because of its dangerous or deleterious properties or characteristics.

       

      “Health Care Laws” means all Applicable Laws relating to the provision and/or administration of, and/or payment for, health care services,
        items and supplies including, without limitation, including without limitation Applicable Laws related to: (a) fraud and abuse, including, without limitation, the federal Anti-Kickback Statute (42 U.S.C. §1320a-7b(b)), the Eliminating Kickbacks in
        Recovery Act of 2018 (18 U.S.C. § 220), the Stark Law (42 U.S.C. §1395nn), the civil False Claims Act (31 U.S.C. §§ 3729 et seq.), the criminal False Claims Act 18 U.S.C. § 287, the False Statements Relating to Health Care Matters Act (18 U.S.C. §
        1035), the Health Care Fraud Act (18 U.S.C. § 1347), the Program Fraud Civil Remedies Act (31 U.S.C. §§ 3801-3812), the Anti-Kickback Act of 1986 (41 U.S.C. §§ 51-58), the Laws regarding Exclusion and Civil Monetary Penalties (42 U.S.C. §§ 1320a-7,
        1320a-7a and 1320a-7b), the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (Pub. L. No. 108-173), and any state, commonwealth or local laws similar to any of the foregoing; (b) the Patient Protection and Affordable Care Act
        (Pub. L. No. 111-148) and the Health Care and Education Reconciliation Act of 2010 (Pub. L. No. 111-152); (c) Medicare, Medicaid, CHAMPVA, TRICARE, the State Children’s Health Insurance Program (Title XXI of the Social Security Act), and any other
        Third Party Payor Programs; (d) the licensure, permitting, registration or regulation of healthcare providers, suppliers, professionals, facilities or payors; (e) patient health care; (f) quality, safety certification and accreditation standards
        and requirements; (g) billing, coding or the submission or payment of claims or collection of accounts receivable or refund of overpayments; (h) HIPAA; (i) the practice of medicine and other health care professions or the organization of medical or
        professional entities; (j) state kickback, fee-splitting, false claims, or self-referral prohibitions; (k) the Federal Controlled Substances Act (21 U.S.C. 801 § et. seq., and all rules and regulations of the United States Drug Enforcement
        Administration), the federal Food Drug and Cosmetic Act (21 U.S.C. §§ 301 et seq.), including current Good Manufacturing Practices, and similar standards of the United States Food and Drug Administration, and any related state laws and regulations;
        (l) the Clinical Laboratory Improvement Amendments and the regulations promulgated thereunder and similar state laws; (m) the provision of free or discounted care or services; (n) laws and regulations regulating the generation, transportation,
        treatment, storage, disposal and other handling of medical or radioactive waste, and (o) any and all other applicable health care laws, regulations, and manual provisions, policies and administrative guidance, each of clauses (a) through (o)

        as may be amended, modified or supplemented from time to time and any successor statutes thereto and regulations promulgated thereunder from time to time.

       

      

      
        9

        
          

      

      “HIPAA” means the (a) Health Insurance Portability and Accountability Act of 1996; (b) the Health Information Technology for Economic and
        Clinical Health Act (Title XIII of the American Recovery and Reinvestment Act of 2009); and (c) any federal, state and local laws regulating the privacy and/or security of individually identifiable health information, including, without limitation,
        state laws providing for notification of breach of privacy or security of individually identifiable health information, in each case with respect to the Applicable Laws described in clauses (a), (b) and (c) of this
        definition, as the same may be amended, modified or supplemented from time to time, any successor statutes thereto, any and all rules or regulations promulgated from time to time thereunder.

       

      “Immaterial Subsidiary” means, at any date of determination, a Subsidiary of the Borrower (a) whose total assets as of the most recent
        available quarterly or year-end financial statements were less than 5% of the consolidated total assets of the Borrower and its Subsidiaries at such date and (b) whose gross revenues as of the most recent available quarterly or year-end financial
        statements were less than 5% of the consolidated gross revenues of the Borrower and its Subsidiaries for such period, in each case determined in accordance with GAAP; provided that, in no event shall (i) the total assets of all Immaterial
        Subsidiaries in the aggregate as of the most recent available quarterly or year-end financial statements exceed 7.5% of the total assets of the Borrower and its Subsidiaries at such date or (ii) the gross revenues of all Immaterial Subsidiaries in
        the aggregate as of the most recent available quarterly or year-end financial statements exceed 7.5% of the consolidated gross revenues of the Borrower and its Subsidiaries for such period, in each case determined in accordance with GAAP; provided,
        further, that no Subsidiary shall constitute an Immaterial Subsidiary if it (x) Guarantees any Indebtedness of a Loan Party or (y) owns or exclusively licenses any assets that are material to the business of the Borrower and its
        Subsidiaries, taken as a whole.

       

      
        10

        
          

      

      “Indebtedness” means, with respect to any Person, (a) all indebtedness for borrowed money of such Person; (b) the deferred purchase price of
        assets or services of such Person (other than (i) trade payables entered into in the ordinary course of business and that are not more than ninety (90) days past due, (ii) deferred compensation and severance, pension, health and welfare retirement
        and equivalent benefits to current or former employees, directors or managers of such Person and its Subsidiaries, and (iii) any earn-outs, purchase price adjustments, milestones or other deferred acquisition consideration, except, in each case, to
        the extent, in accordance with GAAP, that such earn-outs, purchase price adjustments, milestones or other deferred acquisition consideration should be shown to be a liability on the balance sheet); (c) all Guarantees of Indebtedness by such Person;
        (d) the face amount of all letters of credit issued or acceptance facilities established for the account of such Person (or for which such Person is liable), including without duplication, all drafts drawn thereunder; (e) all Capital Lease
        Obligations of such Person; (f) all indebtedness secured by any Lien on any assets or property of such Person, whether or not such indebtedness has been assumed or is recourse (with the amount thereof, in the case of any such indebtedness that has
        not been assumed by such Person, being measured as the lower of (x) fair market value of such property and (y) the amount of the indebtedness secured); (g) indebtedness created or arising under any conditional sale or title retention agreement, or
        incurred as financing, in either case with respect to assets or property acquired by such Person (even if the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such
        assets or property); (h) all obligations of such Persons evidenced by notes, bonds, debentures or similar instruments; (i) all obligations of such Person, whether or not contingent, in respect of Disqualified Stock, valued at, in the case of
        redeemable preferred Stock, the greater of the voluntary liquidation preference and the involuntary liquidation preference of such Stock plus accrued and unpaid dividends; (j) all direct or indirect liability, contingent or otherwise, of such
        Person with respect to any other Indebtedness of another Person if the primary purpose or intent of the Person incurring such Indebtedness, or the primary effect thereof, is to provide assurance to the obligee of such liability that such
        Indebtedness will be paid; (k) all direct or indirect liability, contingent or otherwise, of such Person under Swap Contracts (other than with respect to Permitted Equity Swaps that are classified as equity in accordance with GAAP) and (l) royalty
        and revenue interest financing obligations.

       

      “Indemnified Person” has the meaning set forth in Section 9.10(a).

       

      “Indemnified Taxes” means (a) any Taxes imposed on or with respect to any payments made by or on account of any obligation of any Loan Party
        under any Facility Document, other than Excluded Taxes, and (b) to the extent not otherwise described in clause (a) above in this definition, Other Taxes.

       

      “Indemnity” has the meaning set forth in Section 9.10(a).

       

      “Intellectual Property” means all rights, title and interests in or relating to (a) intellectual property and industrial property arising
        under any Applicable Law, including all Copyrights, Patents, Software, Trademarks, Internet Domain Names, Trade Secrets, (b) all IP Ancillary Rights relating thereto and (c) IP Licenses.

       

      “Interest Rate” means 5.00% per annum.

       

      
        11

        
          

      

      “Internet Domain Name” means all right, title and interest (and all related IP Ancillary Rights) arising under any Law in or relating to
        internet domain names.

       

      “Investment Company Act” means the Investment Company Act of 1940, as amended.

       

      “IP Ancillary Rights” means, with respect to any Intellectual Property of the type described in clauses (a) and (c) of the
        definition of “Intellectual Property,” as applicable, all foreign counterparts to, and all divisionals, reversions, continuations, continuations-in-part, reissues, reexaminations, renewals and extensions of, such Intellectual Property and all
        income, royalties, proceeds and Liabilities at any time due or payable or asserted under or with respect to any of the foregoing or otherwise with respect to such Intellectual Property, including all rights to sue or recover at law or in equity for
        any past, present or future infringement, misappropriation, dilution, violation or other impairment thereof, and, in each case, all rights to obtain any other IP Ancillary Right.

       

      “IP License” means all contractual obligations (and all related IP Ancillary Rights), whether written or oral, granting any right, title and
        interest in or relating to any Intellectual Property of the type described in clause (a) of the definition of Intellectual Property.

       

      “IRS” means the United States Internal Revenue Service.

       

      “Lender” has the meaning set forth in the preamble to this Agreement.

       

      “Liabilities” means all claims, actions, suits, judgments, damages, losses, liabilities, obligations, responsibilities, fines, penalties,
        sanctions, costs, fees, Taxes, commissions, charges, disbursements and expenses (including those incurred upon any appeal or in connection with the preparation for and/or response to any subpoena or request for document production relating
        thereto), in each case of any kind or nature (including interest accrued thereon or as a result thereof and fees, charges and disbursements of financial, legal and other advisors and consultants), whether joint or several, and whether direct,
        indirect, contingent, consequential, actual, punitive, treble or otherwise.

       

      “License” has the meaning set forth in the definition of “Permitted License.”

       

      “Lien” means any lien, pledge, preferential arrangement, mortgage, security interest, deed of trust, charge, assignment, hypothecation, title
        retention or other encumbrance on or with respect to property or interest in property having the practical effect of constituting a security interest.

       

      “Loan” means any loan or other credit extension made available or provided from time to time by the Lender to the Borrower pursuant to this
        Agreement or any other Facility Document or, as the context may require, the principal amount thereof from time to time outstanding.

       

      “Loan Parties” means the collective reference to the Borrower and all of the Guarantors.

       

      
        12

        
          

      

      “Loss” has the meaning set forth in Section 9.10(a).

       

      “Margin Stock” means “margin stock” as such term is defined in Regulation T, U or X of the Federal Reserve Board.

       

      “Material Adverse Effect” means a material adverse effect on (a) the business, operations, results of operations, condition (financial or
        otherwise) or assets of any Loan Party or its Subsidiaries, (b) the legality, validity, binding effect or enforceability of any provision of any Facility Document, (c) the ability of any Loan Party to perform its obligations under any Facility
        Document, or (d) the rights and remedies of the Lender Parties under any Facility Document.

       

      “Material Agreements” has the meaning set forth in Section 3.18.

       

      “Maturity Date” means the earlier to occur of: (i) the declaration of acceleration upon an Event of Default; and (ii) one hundred eighty
        (180) days following the earlier of (x) the Maturity Date (as defined in the Deerfield Facility Agreement) and (y) the date on which the Deerfield Facility Agreement has been fully paid in cash and is terminated.1

       

      “Medicaid” means, collectively, the health care assistance program established by Title XIX of the Social Security Act (42 U.S.C. 1396 et
        seq.) and any statutes succeeding thereto, and all Applicable Laws, rules, regulations, manuals, orders or requirements pertaining to such program, including (a) all federal statutes affecting such program; (b) all state statutes and plans for
        medical assistance enacted in connection with such program and federal rules and regulations promulgated in connection with such program; and (c) all applicable provisions of all rules, regulations, manuals, orders and administrative guidance,
        reimbursement, and requirements of all Governmental Authorities promulgated in connection with such program (whether or not having the force of law), in each case as the same may be amended, restated, supplemented or otherwise modified from time to
        time.

       

      “Medicare” means, collectively, the health insurance program for the aged and disabled established by Title XVIII of the Social Security Act
        (42 U.S.C. 1395 et seq.) and any statutes succeeding thereto, and all Applicable Laws, rules, regulations, manuals, orders or requirements pertaining to such program including (a) all federal statutes (whether set forth in Title XVIII of the Social
        Security Act (42 U.S.C. 1395 et seq.) or elsewhere) affecting such program; and (b) all applicable provisions of all rules, regulations, manuals, orders, administrative guidance, reimbursement and requirements of all Governmental Authorities
        promulgated in connection with such program (whether or not having the force of law), in each case, as the same may be amended, restated, supplemented or otherwise modified from time to time.

       

      “Merger Agreement” means that certain Agreement and Plan of Merger, dated as of August 6, 2021, by and among the Borrower, Lender, and
        Project Kraken Merger Sub, Inc., a Delaware corporation, as amended, supplemented, or otherwise modified from time to time.

       

      
        
 

      1 Note to Cooley: We have stetted this change to align with the term sheet.

       

      
        13

        
          

      

      “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

       

      “Multiemployer Plan” means any multiemployer plan, as defined in Section 3(37) or 4001(a)(3) of ERISA, as to which any Loan Party or ERISA
        Affiliate incurs or otherwise has, or would reasonably be expected to have, any obligation or Liabilities (including under Section 4212 of ERISA).

       

      “Obligations” means all Loans, any interests, fees, expenses, costs, liabilities, indebtedness and other obligations (monetary (including
        post-petition interest, costs, fees, expenses and other amounts, whether allowed or not) or otherwise) of (or owed by) the Borrower and the other Loan Parties under or in connection with the Facility Documents, in each case howsoever created,
        arising or evidenced, whether direct or indirect (including those acquired by assignment), absolute or contingent, now or hereafter existing, or due or to become due.

       

      “OFAC” has the meaning set forth in Section 3.23(a).

       

      “Options” means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

       

      “Organizational Documents” means (a) for any corporation, the certificate or articles of incorporation, the bylaws, the constitution, any
        certificate of designation or instrument relating to the rights of holders or preferred stock of such corporation, and any shareholder agreement, (b) for any partnership, the partnership agreement and, if applicable, certificate of limited
        partnership, (c) for any limited liability company, the operating or limited liability company agreement and articles or certificate of formation or (d) for any other entity, any other document setting forth the manner of election or duties of the
        officers, directors, managers or other similar or equivalent persons or Persons, or the designation, amount or relative rights, limitations and preference of the Stock of such entity.

       

      “Other Connection Taxes” means with respect to the Lender, Taxes imposed as a result of a present or former connection between the Lender and
        the jurisdiction imposing such Taxes (except a connection arising solely from the Lender having executed, delivered, become a party to, performed its obligations or received a payment under, received or perfected a security interest under, engaged
        in any transaction pursuant to or enforced any Facility Document, or sold or assigned an interest in any Facility Document).

       

      “Other Taxes” means any and all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes arising from
        any payment made hereunder or from the execution, issuance, delivery, registration, enforcement or transfer of, or otherwise with respect to, any Facility Document, except such Taxes that are Other Connection Taxes imposed by a jurisdiction other
        than the United States.

       

      
        14

        
          

      

      “Parties” has the meaning set forth in the preamble to this Agreement.

       

      “Patents” means, collectively, all of the following: (a) all patents and patent applications and the inventions and improvements described
        and claimed therein, and patentable inventions; (b) the reissues, divisions, continuations, renewals, extensions and continuations-in-part of any of the foregoing; (c) all income, royalties, damages and payments now or hereafter due and/or payable
        under any of the foregoing or with respect to any of the foregoing, including, without limitation, damages and payments for past, present and future infringements of any of the foregoing; (d) the right to sue for past, present and future
        infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world.

       

      “PBGC” means the United States Pension Benefit Guaranty Corporation or any successor thereto.

       

      “Permitted Acquisition” means any Acquisition by a Loan Party, in each case, to the extent that each of the following
        conditions shall have been satisfied:

       

      (a)     the Borrower shall have delivered
          each of the following to the Lender, subject to Section 6.12, as soon as available, executed copies of the Acquisition agreement and all material agreements (other than any exhibits or schedules
          thereto) pursuant to which such Acquisition is to be consummated (excluding for the avoidance of doubt, any fee letters relating to any financing for such Acquisition); provided that, no later than
          the first (1st) Business Day following the date of such Acquisition documents, the Borrower shall file a current report on Form 8-K with the SEC describing the terms of the transaction contemplated by such Acquisition documents,
          including such Acquisition documents (other than any exhibits or schedules) as exhibits thereto;

       

      (b)     the Loan Parties (including any new
          Subsidiary to the extent required by Section 6.10) shall have executed and delivered the agreements, instruments and other documents to the extent required by Section

              6.10 hereof;

       

      (c)    (i) at the time of the execution of
          the definitive acquisition agreement for such Acquisition, no Default or Event of Default shall have occurred and be continuing, and (ii) at the time of consummation of such Acquisition, no Event of Default shall have occurred and be continuing
          or would occur as a result thereof;

       

      (d)     all transactions in connection with
          such Acquisition shall be consummated in all material respects in accordance with Applicable Laws and in conformity with all material applicable Authorizations, and all material applicable Authorizations shall have been obtained;

       

      
        15

        
          

      

      (e)      the assets acquired in such
          Acquisition are for use in a business permitted under Section 7.5; and

       

      (f)      such Acquisition shall be on an
          arm’s-length basis and shall not be hostile and, if required by the Organizational Documents of such Person or by Applicable Laws, shall have been approved by the board of directors (or other similar body) and/or the stockholders or other equity
          holders of any Person being acquired in such Acquisition.

       

      “Permitted Acquisition Debt” means Indebtedness of any Subsidiaries of the Borrower that is assumed in connection with, a Permitted
        Acquisition of such Subsidiaries (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Person(s) or assets to be acquired); provided that, (i) at the time the definitive acquisition
        agreement for such Permitted Acquisition is executed, no Default or Event of Default has occurred and is continuing, (ii) such Indebtedness is not guaranteed by or required to be guaranteed by, any Person other than the Persons guaranteeing such
        Indebtedness immediately prior to consummating such Permitted Acquisition, and (iii) such Indebtedness shall not be secured by any Stock or assets of any Person other than the Stock and assets and any accessions, attachments, additions to,
        substitutions and replacements of, products, and proceeds thereof, if any, securing such Indebtedness immediately prior to consummating such Permitted Acquisition, and any accessions, attachments, and additions to, substitutions and replacements
        thereof, and proceeds of any of the foregoing, and (iv) such Indebtedness shall not have been incurred in connection with, or in anticipation of, such Permitted Acquisition.

       

      “Permitted Earn-Outs” means obligations of the Borrower or any of its Subsidiaries consisting of earn-outs or deferred purchase price
        obligations in connection with a Permitted Acquisition, in each case calculated in accordance with GAAP; provided that such obligations are unsecured and not represented by any note or other similar instrument.

       

      “Permitted Equity Swap” means any forward purchase, accelerated share purchase, call option, warrant transaction or other equity derivative
        transactions relating to the Stock of the Borrower.

       

      “Permitted Exclusive License” means any exclusive License other than any exclusive License to commercialize within the United States and/or
        Canada, (a) the Borrower’s current Propel® family of products (i.e. Propel®, Propel® Mini and Propel® Contour), (b) Sinuva®, (c) Fiagon ENT Navigation System, FlexPointer, GuideWire, VenSureTM Nav Balloon and PointerShell, or (d) Virtu family of
        products (i.e. VirtuDrive® Cube4D, VirtuLite®, VirtuView®, VirtuLink®, VirtuTrac®, and VirtuSuite®).

       

      “Permitted License” any license of Intellectual Property, or covenant not to sue, granted by the Borrower or its Subsidiaries for contract
        manufacturing and production and any other license of Intellectual Property, or covenant not to sue, granted by the Borrower or its Subsidiaries (each, a “License”) so long as such License does not result in a legal transfer of title to the
        licensed property and has been granted in exchange for fair consideration and, in each case (a) is either (i) a non-exclusive License or (ii) a Permitted Exclusive License, (b) is entered into when no Default or Event of Default has occurred and is
        continuing or would result therefrom, and (c) is (or is pursuant to) an arm’s-length transaction.

       

      
        16

        
          

      

      “Permitted Liens” means Liens permitted under Section 7.2.

       

      “Person” means and includes any natural person, individual, partnership, joint venture, corporation, trust, limited liability company,
        limited company, joint stock company, unincorporated organization, government entity or any political subdivision or agency thereof, or any other entity.

       

      “Portfolio Interest Certificate” has the meaning set forth in Section 2.4(d).

       

      “Proceeding” means any investigation, inquiry, litigation, review, hearing, suit, claim, audit, arbitration, proceeding or action (in each
        case, whether civil, criminal, administrative, investigative or informal) commenced, brought, conducted or heard by or before, or otherwise involving, any Governmental Authority or arbitrator.

       

      “Product” means any item or service that is designed, developed, created, manufactured, sold or otherwise used by or on behalf of the Loan
        Parties or any of their Subsidiaries.

       

      “Principal Market” means the Nasdaq Global Market (or successor thereto), subject to Section 6.11.

       

      “Qualifying Secured Debt” means, collectively, Qualifying Secured Non-Royalty Financing Debt and Qualifying Secured Royalty Obligations.

       

      “Qualifying Secured Debt Cap” means, at any time of determination, the lesser of (x) $85,000,000 and (y) the positive difference, if any,
        between (i) $200,000,000 and (ii) the aggregate outstanding amount of Qualifying Unsecured Debt at such time.

       

      “Qualifying Secured Non-Royalty Financing Debt” means Indebtedness of the Borrower that is pari passu
        in right of payment with the Obligations and secured by Liens on some or all of the assets of the Borrower in an aggregate outstanding principal amount, together with all Qualifying Secured Royalty Obligations then outstanding, not to exceed at any
        time the Qualifying Secured Debt Cap; provided that, (a) such Indebtedness does not constitute Qualifying Secured Royalty Financing Obligations, (b) at the time such Qualifying Secured Non-Royalty Financing Debt is incurred, no Default or
        Event of Default has occurred and is continuing or would occur as a result of such incurrence (provided that, in the case of any such Indebtedness incurred to finance a Permitted Acquisition, such condition, other than with respect to any
        Event of Default pursuant to Section 8.1(a) or 8.1(d), shall be measured solely as of the date of the execution of the definitive documentation for such Permitted Acquisition), (c) such Indebtedness is not guaranteed by any Person
        that is not a Guarantor, and (d) such Indebtedness shall not prohibit (i) the incurrence or regularly scheduled payment of principal, interest and charges under this Agreement or the repayment of the Obligations upon the occurrence of (A) an Event
        of Default and an acceleration under Section 8.2 or (B) a Change of Control (although the definitive loan, credit or other primary agreement governing such Indebtedness may require prior repayment thereof), (ii) any payment, indemnity or
        reimbursement contemplated by Section 9.2 or 9.10 or (iii) any amendment or modification to this Agreement or the other Facility Documents (other than an amendment or modification that would be adverse in any material respect to the
        interests of the Persons providing such Indebtedness).  For purposes hereof, the accrual of interest, the accretion or amortization of original issue discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with
        the same terms, the reclassification of preferred stock as Indebtedness due to a change in accounting principles, and the payment of dividends on Disqualified Stock in the form of additional shares of the same class of Disqualified Stock will be
        excluded from the determination of the outstanding principal amount of any such Indebtedness.

       

      
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      “Qualifying Secured Royalty Financing Obligations” means Indebtedness arising from one or more financing transactions in respect of royalties
        on net sales of Products, or revenue interests in respect of Products, of the Borrower that is pari passu in right of payment with the Obligations and secured by Liens on the Products that are the subject
        of such financing transaction and/or due or payable prior to the date that is one hundred eighty-one (181) days after the Maturity Date and the aggregate potential cash payments in respect of which (whether in the form of milestone payments, fees
        or any other consideration, but excluding royalties permitted pursuant to clause (c) below), together with the principal amount of all Qualifying Secured Non-Royalty Financing Debt then outstanding, do not exceed at any time the Qualifying
        Secured Debt Cap; provided that (a) at the time such Qualifying Secured Royalty Obligations are incurred, no Default or Event of Default has occurred or would occur as a result of such incurrence (provided that, in the case of any
        such Indebtedness incurred to finance a Permitted Acquisition, such condition, other than with respect to any Event of Default pursuant to Section 8.1(a) or 8.1(d), shall be measured solely as of the date of the execution of the
        definitive documentation for such Permitted Acquisition), (b) such Indebtedness is not guaranteed by any Person that is not a Guarantor, (c) the maximum royalty or revenue interest amount payable in connection with any such transaction shall not
        exceed 7.00% of net sales of (or net revenues attributable to) Product(s) the development of which is financed by such transaction, and (d) such Indebtedness shall not prohibit (i) the incurrence or regularly scheduled payment of principal,
        interest and charges under this Agreement or the repayment of the Obligations upon the occurrence of (A) an Event of Default and an acceleration under Section 8.2 or (B) a Change of Control (although the definitive loan, credit or other
        primary agreement governing such Indebtedness may require prior repayment thereof), (ii) any payment, indemnity or reimbursement contemplated by Section 9.2 or 9.10 or (iii) any amendment or modification to this Agreement or the
        other Facility Documents (other than an amendment or modification that would be adverse in any material respect to the interests of the Persons providing such Indebtedness).

       

      “Qualifying Unsecured Debt” means, collectively, Qualifying Unsecured Non-Royalty Financing Debt and Qualifying Unsecured Royalty Financing
        Obligations.

       

      
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      “Qualifying Unsecured Non-Royalty Financing Debt” means Indebtedness of the Borrower that is pari passu
        with or junior to the Obligations in right of payment and not secured by any Lien on any assets or property of the Borrower or any of its Subsidiaries in an aggregate outstanding amount, together with all Qualifying Unsecured Royalty Financing
        Obligations then outstanding, not to exceed at any time the positive difference between (x) $200,000,000 and (y) the aggregate amount of Qualifying Secured Debt outstanding at such time; provided that, (a) at the time such Qualifying
        Unsecured Non-Royalty Financing Debt is incurred, no Default or Event of Default has occurred or would occur as a result of such incurrence (provided that, in the case of any such Indebtedness incurred to finance a Permitted Acquisition,
        such condition, other than with respect to any Event of Default pursuant to Section 8.1(a) or Section 8.1(d), shall be measured solely as of the date of the execution of the definitive documentation for such Permitted Acquisition),
        (b) such Indebtedness is not guaranteed by any Person that is not a Guarantor, (c) such Indebtedness shall not mature or be mandatorily redeemable or prepayable, in whole or in part, prior to the date that is one hundred eighty-one (181) days after
        the Maturity Date (it being understood that acceleration or mandatory repayment, prepayment, redemption or repurchase of such Indebtedness upon the occurrence of an event of default, asset sale, fundamental change or a change in control shall not
        be prohibited by this clause (c)), and (d) such Indebtedness shall not prohibit (i) the incurrence, regularly scheduled payment or mandatory prepayment (including at maturity, by acceleration or otherwise) of principal, interest and charges
        under this Agreement, (ii) any payment, indemnity or reimbursement contemplated by Section 9.2 or 9.10 or (iii) any amendment or modification to this Agreement or the other Facility Documents (other than an amendment or modification
        that would alter the alter the repayment or prepayment requirements of this Agreement in a manner that would be materially adverse to the interests of the Persons providing such Qualifying Secured Non-Royalty Financing Debt).  For purposes hereof,
        the accrual of interest, the accretion or amortization of original issue discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms, the reclassification of preferred stock as Indebtedness due
        to a change in accounting principles, and the payment of dividends on Disqualified Stock in the form of additional shares of the same class of Disqualified Stock will be excluded from the determination of the outstanding principal amount of any
        such Indebtedness.

       

      “Qualifying Unsecured Royalty Financing Obligations” means Indebtedness arising from one or more financing transactions in respect of
        royalties on net sales of Products, or revenue interests in respect of Products, of the Borrower that is pari passu with or junior to the Obligations in right of payment, that is not secured by Liens on any
        assets of the Borrower or any of its Subsidiaries and the aggregate potential cash payments in respect of which (whether in the form of milestone payments, fees or any other consideration, but excluding royalties permitted pursuant to clause
          (d) below), together with all Qualifying Unsecured Non-Royalty Financing Debt then outstanding, do not exceed at any time the positive difference between (x) $200,000,000 and the aggregate amount of Qualifying Secured Debt outstanding at such
        time; provided that (a) at the time such Qualifying Unsecured Royalty Financing Obligations are incurred, no Default or Event of Default has occurred or would occur as a result of such incurrence (provided that, in the case of any
        such Indebtedness incurred to finance a Permitted Acquisition, such condition, other than with respect to any Event of Default pursuant to Section 8.1(a) or Section 8.1(d), shall be measured solely as of the date of the execution of
        the definitive documentation for such Permitted Acquisition), (b) such Indebtedness is not guaranteed by any Person that is not a Guarantor, (c) such Indebtedness shall not prohibit (i) the incurrence, regularly scheduled payment or mandatory
        prepayment (including at maturity, by acceleration or otherwise) of principal, interest and charges under this Agreement, (ii) any payment, indemnity or reimbursement contemplated by Section 9.2 or 9.10 or (iii) any amendment or
        modification to this Agreement or the other Facility Documents (other than an amendment or modification that would alter the alter the repayment or prepayment requirements of this Agreement in a manner that would be materially adverse to the
        interests of the Persons providing such Qualifying Secured Non-Royalty Financing Debt), (d) the maximum royalty or revenue interest amount payable in connection with any such transaction shall not exceed 7.00% of net sales of (or net revenues
        attributable to) Product(s) the development of which is financed by such transaction, and (e) such Indebtedness shall not be mandatorily redeemable or prepayable, in whole or in part, prior to the date that one hundred eighty-one (181) days after
        the Maturity Date (it being understood that acceleration or mandatory repayment, prepayment, redemption or repurchase of such Indebtedness upon the occurrence of an event of default, asset sale, fundamental change or a change in control shall not
        be prohibited by this clause (e)).

       

      
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      “Real Estate” means any real property owned, leased, subleased or otherwise operated or occupied by any Loan Party or any Subsidiary of any
        Loan Party.

       

      “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as in effect from time to time and any successor to
        all or a portion thereof establishing reserve requirements.

       

      “Release” means any release, threatened release, spill, emission, leaking, pumping, pouring, emitting, emptying, escape, injection, deposit,
        disposal, discharge, dispersal, dumping, leaching or migration of Hazardous Material into or through the environment.

       

      “Reporting Period” has the meaning set forth in Section 6.8.

       

      “Required Authorizations” has the meaning set forth in Section 3.7.

       

      “Restricted Payments” means, with respect to any Person, (a) the declaration or making of any dividend payment or other distribution of
        assets, properties, cash, rights, obligations or securities on account of any of its Stock or (b) the purchasing, redemption or other acquisition for value of any of its Stock now or hereafter outstanding.

       

      “Sanctioned Country” has the meaning set forth in Section 3.23(b).

       

      “Sanctions” has the meaning set forth in Section 3.23(a).

       

      “SDN List” has the meaning set forth in Section 3.23(b).

       

      
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      “SEC” means the United States Securities and Exchange Commission.

       

      “SEC Documents” means all reports, schedules, forms, statements and other documents filed by any Loan Party or any of its Subsidiaries with
        the SEC pursuant to the Securities Act or the Exchange Act (including all financial statements and schedules included therein, all exhibits thereto and all documents incorporated by reference therein).

       

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

       

      “Solvent” means, with respect to any Person as of any date of determination, that, as of such date, (a) the value of the assets of such
        Person (both at fair value and present fair saleable value) is greater than the total amount of liabilities (including contingent and unliquidated liabilities) of such Person, (b) such Person is able to pay all liabilities of such Person as such
        liabilities mature and (c) such Person does not have unreasonably small capital in relation to such Person’s business as contemplated as of such date.  In computing the amount of contingent or unliquidated liabilities at any time, such liabilities
        shall be computed at the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

       

      “Software” means (a) all computer programs, including source code and object code versions, (b) all data, databases and compilations of data,
        whether machine readable or otherwise, and (c) all documentation, training materials and configurations related to any of the foregoing.

       

      “Stock” means (a) all shares of capital stock (whether denominated as common stock or preferred stock), equity interests, beneficial,
        partnership or membership interests (or units thereof), joint venture interests, participations or other ownership or profit interests in or equivalents (regardless of how designated) of or in a Person (other than an individual), whether voting or
        non-voting; and (b) all securities convertible into or exchangeable for any other Stock and all warrants, options or other rights to purchase, subscribe for or otherwise acquire any other Stock, whether or not presently convertible, exchangeable or
        exercisable.

       

      “Subject Financials” has the meaning set forth in Section 3.13.

       

      “Subsidiary,” with respect to any Person, any corporation, partnership, joint venture, limited liability company, association or other
        entity, the management of which is, directly or indirectly, controlled by, or of which an aggregate of more than fifty percent (50%) of the voting Stock is, at the time, owned or controlled directly or indirectly by, such Person or one or more
        Subsidiaries of such Person.

       

      “Swap Contract” means any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity
        Exchange Act.

       

      
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      “Tax Affiliate” means (a) the Borrower and its Subsidiaries and (b) any Affiliate of any Loan Party with which any Loan Party files or is
        required to file consolidated, combined or unitary tax returns.

       

      “Tax Returns” has the meaning set forth in Section 3.10.

       

      “Taxes” means all present or future taxes, levies, imposts, stamp or other duties, deductions, charges or withholdings imposed by a
        Governmental Authority, together with any interest, additions to tax, penalties or other liabilities with respect thereto.

       

      “Term Loan Commitment” means $75,000,000.

       

      “Title IV Plan” means an Employee Benefit Plan subject to Title IV of ERISA, other than a Multiemployer Plan, to which any ERISA Affiliate
        incurs or otherwise has or would reasonably be expected to have any obligation or Liabilities (including under Section 4069 of ERISA).

       

      “Trademarks” means, collectively, all of the following: (a) all trademarks, trade names, corporate names, company names, business names,
        fictitious business names, trade styles, service marks, logos, other business identifiers, prints and labels on which any of the foregoing have appeared or appear, all registrations and recordings thereof, and all applications in connection
        therewith including; (b) all renewals thereof; (c) all income, royalties, damages and payments now or hereafter due and/or payable under any of the foregoing or with respect to any of the foregoing including damages and payments for past, present
        and future infringements of any of the foregoing; (d) the right to sue for past, present and future infringements of any of the foregoing; (e) all rights corresponding to any of the foregoing throughout the world; and (f) all goodwill associated
        with and symbolized by any of the foregoing.

       

      “Trade Secrets” means all right, title and interest (and all related IP Ancillary Rights) arising under any Law in or relating to trade
        secrets.

       

      “Transactions” means (a) the funding of the Loans and (b) the payment of fees, commissions, costs and expenses in connection with each of the
        foregoing.

       

      “TRICARE” means, collectively, a program of medical benefits covering former and active members of the uniformed services and certain of
        their dependents, financed and administered by the United States Departments of Defense, Health and Human Services and Transportation, and all Applicable Laws applicable to such programs.

       

      “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York or in any other state, the laws of which are
        required to be applied in connection with the issue of perfection of security interests.

       

      “United States” and “U.S.” each means the United States of America.

       

      
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      “USA Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act
        of 2001, P.L. 107-56, as amended from time to time.

       

      Section 1.2.      Interpretation.  The division of this Agreement and the other Facility Documents into Articles and Sections and the use of headings and captions is for
        convenience of reference only and shall not modify or affect the interpretation or construction of this Agreement or any of its provisions.  The words “herein,” “hereof,” “hereunder,” “hereinafter” and “hereto” and words of similar import refer to
        this Agreement (or other applicable Facility Document).  The term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The term “documents” and “agreements” include any and all instruments,
        documents, agreements, certificates, indentures, notices and other writings, however evidenced.  The use in any of the Facility Documents of the word “include” or “including,” when following any general statement, term or matter, shall not be
        construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation” or “but not limited to”
        or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible scope of such general statement, term or matter.  References to a specified
        Article, Exhibit, Section or Schedule shall be construed as a reference to that specified Article, Exhibit, Section or Schedule of this Agreement (or other applicable Facility Document).  Unless specifically stated otherwise, any reference to any
        of the Facility Documents means such document as the same shall be amended, restated, supplemented or otherwise modified and from time to time in effect in accordance with the terms hereof or thereof, as applicable.  The references to “assets” and
        “properties” in the Facility Documents are meant to be mean the same and are used throughout the Facility Documents interchangeably, and such words shall be deemed to refer to any and all tangible and intangible assets and properties, including
        cash, securities, Stock, accounts and contract rights.  Terms (including uncapitalized terms) not otherwise defined herein and that are defined in the UCC shall have the meanings therein described.  The payment, prepayment, or repayment of any
        principal, interest, charges, amounts and/or other Obligations under this Agreement or the other Facility Documents shall be made in cash in Dollars unless expressly stated otherwise herein or therein.  Any reference to “payment in full,” “payment
        in full in cash,” “paid in full,” “paid in full in cash,” “repaid in full,” “repaid in full in cash,” “prepaid in full,” “prepaid in full in cash,” “redeemed in full,” “redeemed in full in cash” or any other term or word of similar effect used in
        this Agreement or any other Facility Document with respect to the Loans or the Obligations shall mean all Obligations (excluding (y) unasserted contingent indemnification obligations and (z) those Obligations under any Facility Document that are
        not due or payable at the time when all other Obligations are paid in full in cash) have been repaid in full in cash and have been fully performed.

       

      
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      Section 1.3.     Business Day Adjustment.  Except as otherwise expressly stated herein or in any other Facility Document (and except on the Maturity Date or any date of acceleration of any of the Obligations, in which case, such payment or
          performance shall be due on or prior to such day regardless of whether such day is a Business Day), if the day by which any payment or other performance is due to be made is not a Business Day, that payment or performance shall be made by the
          next succeeding Business Day unless that next succeeding Business Day falls in a different calendar month, in which case that payment or other performance shall be made by the Business Day immediately preceding the day by which such payment or
          other performance is due to be made; provided that interest will continue to accrue for each additional day in connection therewith.

       

      Section 1.4.      Loan Records.

       

      (a)     The Borrower shall record on its
          books and records the amount of the Loans, the interest rate applicable thereto, all payments of principal and interest thereon and the principal balance thereof from time to time outstanding.

       

      (b)    The Loans made by the Lender are
          evidenced by this Agreement. Additionally, the Borrower shall execute and deliver to the Lender (and/or, if applicable and if so requested by any assignee Lender pursuant to the assignment provisions of Section
              9.4) on the Closing Date (or, if such assignment is made after the Closing Date, promptly (and, in any event, within three (3) Business Days thereof) after the Lender’s request) a Note, payable to the Lender in an amount equal to
          the unpaid principal amount of applicable Loans held by the Lender (which, at the request of the Lender, may provide separate Notes for separate or different parts of the Loans). Notwithstanding anything to the contrary contained in this
          Agreement, the Loans (including any Notes evidencing the Loans) are registered obligations, the right, title and interest of the Lender and its successors and assignees in and to the Loans shall be transferable only upon notation of such transfer
          in the Register and no assignment thereof shall be effective until recorded therein. This Section 1.4 shall be construed so that the Loan is at all times maintained in “registered form” within the
          meaning of Sections 163(f), 871(h)(2) and 881(e)(2) of the Code.

       

      (c)    The Borrower and the Lender shall
          treat each Person whose name is recorded in the Register as a Lender for all purposes of this Agreement. Information contained in the Register with respect to the Lender shall be available for access by the Borrower or the Lender at any
          reasonable time and from time to time upon reasonable prior written notice.

       

      Section 1.5.      Accounting Terms and Principles.  All accounting determinations required to be made pursuant
        hereto shall, unless expressly otherwise provided herein, be made in accordance with GAAP. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of
        amounts and ratios referred to herein shall be made, without giving effect to Accounting Standards Codification 842, Leases (or any other Accounting Standards Codification having similar result or effect) (and related interpretations) to the extent
        any lease (or similar arrangement) would be required to be treated as a capital lease thereunder where such lease (or arrangement) would have been treated as an operating lease under GAAP as in effect immediately prior to the effectiveness of such
        Accounting Standards Codification.  No change in the accounting principles used in the preparation of any financial statement hereafter adopted by any Loan Party or any of its Subsidiaries shall be given effect for purposes of measuring compliance
        with any provision of this Agreement or otherwise determining any relevant ratios and baskets which govern whether any action is permitted hereunder unless the Borrower and the Lender agree to modify such provisions to reflect such changes in GAAP,
        and unless such provisions are modified, all financial statements and similar documents provided hereunder shall be provided together with a reconciliation between the calculations and amounts set forth therein before and after giving effect to
        such change in GAAP.

       

      
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      Section 1.6.     Officers.  Any document, agreement or instrument delivered under the Loan Documents that is signed by an Authorized Officer or another officer of a Loan Party shall be conclusively presumed to have been authorized by all
          necessary corporate, partnership, limited liability company and/or other action on the part of such Loan Party, and such Authorized Officer or other officer shall be conclusively presumed to have acted on behalf of such Loan Party in such
          person’s capacity as an officer of such Loan Party and not in any individual capacity.

       

      ARTICLE 2

      AGREEMENT FOR THE LOANS

       

      Section 2.1.     Disbursement of the Loans.  On the terms and subject to the conditions set forth herein, the Lender
        agrees to lend to the Borrower during the Availability Period from time to time upon submission of an executed Disbursement Request, the principal amount of the term loans in an amount equal to $15,000,000 (the “Loans”)

        each fiscal quarter up to an aggregate principal amount not to exceed the Term Loan Commitment.  Upon receipt of a Disbursement Request, the Lender shall make the proceeds of the Disbursement available to the Borrower within three (3) business days
        of the Disbursement Request by wiring such amounts to an account or accounts designated in writing by the Borrower in the Disbursement Request, not to exceed $15,000,000 per fiscal quarter within three (3) business days of the Disbursement Request.
        Amounts borrowed hereunder that are paid, repaid, and/or prepaid may not be re-borrowed under any circumstance.  Each borrowing shall be made by delivery of a fully executed Disbursement Request by an Authorized Officer delivered to the Lender. 
        Within three (3) business days of Lender’s receipt of the Disbursement Request, Lender shall make proceeds available to the Borrower on the applicable Disbursement Date by transferring immediately available funds equal to the amount requested in
        the Disbursement Request to the account designated by Borrower.

       

      Section 2.2.      Payments; Prepayments.

       

      (a)        The Borrower shall pay in cash to the Lender, the outstanding principal amount of the Loans and all other Obligations on the Maturity
        Date.

       

      (b)       The Loans may be voluntarily prepaid, repaid, or paid in part or in full by any Loan Party
        prior to Maturity Date without any penalty or premium.  If any principal on Loans is prepaid, repaid, or paid at any time, for any reason (including as an acceleration of the Loans following the occurrence of an Event of Default, or an exercise of
        any Lender Party’s rights or remedies available under the Facility Documents), then in addition to the principal amount of the Loans so prepaid, repaid, or paid, the Borrower shall contemporaneously pay any accrued and unpaid interest owed on such
        principal.

       

      
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      (c)        Each payment, repayment, and
          prepayment by the Borrower or any other Loan Party shall be applied (i) first, to all fees, costs and expenses (including any attorneys’ fees) owed to Lender under the Facility Documents,
          (ii)  second, ratably to accrued and unpaid interest owed to the Lender under the Facility Documents, (iii) third, to the
          principal amount of the Loans owed to the Lender, and (iv) fourth, to all other Obligations owing to the Lender.

       

      Section 2.3.     Payment Details.  All payments, prepayments, and repayments of the Obligations by the Borrower or any other Loan Party hereunder and
        under any of the other Facility Documents shall be made without setoff or counterclaim.  Payments, prepayments, and repayments of any amounts and other Obligations due to the Lender under this Agreement or the other Facility Documents shall be made
        in cash in Dollars in immediately available funds prior to 11:00 a.m. (New York City time) on the date that any such payment is due, using the wire information or address for the Lender that is set forth on Schedule

            2.3 or at such other bank or place as the Lender shall from time to time designate in writing prior to the date such payment is due.  Any payment received by the Lender after such time may, in the Lender’s discretion, be deemed to
        have been made on the following Business Day.  The Borrower shall pay all and any fees, costs and expenses (administrative or otherwise) imposed by banks, clearing houses or any other financial institutions in connection with making any payments
        under any of the Facility Documents.

       

      Section 2.4.      Taxes.

       

      (a)        Any and all payments hereunder or pursuant to any other Facility Document shall be
        made free and clear of and without deduction for Taxes except as required by Applicable Law.  If any Loan Party shall be required by Applicable Law to deduct or withhold any Taxes from or in respect of any sum payable hereunder or pursuant to any
        other Facility Document, (i) such Loan Party shall make such deductions or withholding, (ii) such Loan Party shall pay the full amount deducted or withheld to the applicable Governmental Authority in accordance with Applicable Law, and (iii) to the
        extent that the deduction or withholding is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased by as much as shall be necessary so that after making all required deductions or withholdings
        (including deductions or withholdings applicable to additional sums payable under this Section 2.4), the Lender shall receive an amount equal to the sum it would have received had no such deductions
        been made (any and all such additional amounts payable being hereinafter referred to as “Additional Amounts”).  As soon as practicable, but in any event within thirty (30) days, after the date of any
        payment of such Taxes, the applicable Loan Party shall furnish to the Lender the original or a certified copy of a receipt evidencing payment thereof or other evidence of such payment reasonably satisfactory to the Lender.

       

      
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      (b)       In addition, the Loan Parties shall
          pay all Other Taxes to the applicable Governmental Authority in accordance with Applicable Law.  Within thirty (30) days after the date of any payment of Other Taxes by any Loan Party, the Borrower shall furnish to the Lender the original or a
          certified copy of a receipt evidencing payment thereof or other evidence of such payment reasonably satisfactory to the Lender.

       

      (c)        The Borrower shall indemnify, within ten (10) days after receipt of demand therefor,
        the Lender for all Indemnified Taxes (including all Indemnified Taxes imposed on amounts payable under this Section 2.4(c)) paid or payable by the Lender, and any reasonable expenses arising therefrom
        or relating thereto, whether or not such Indemnified Taxes were correctly or legally asserted.  A certificate of the Lender setting forth the amounts to be paid thereunder and delivered to the Borrower shall be absolute, conclusive and binding,
        absent manifest error.

       

      (d)       The Lender that is entitled to an exemption from or reduction of withholding Tax with
        respect to payments made under any Facility Document shall deliver to the Borrower, at the time or times reasonably requested by the Borrower, such properly completed and executed documentation reasonably requested by the Borrower as will permit
        such payments to be made without withholding or at a reduced rate of withholding.  In addition, the Lender, if reasonably requested by the Borrower, shall deliver such other documentation reasonably requested by the Borrower as will enable the
        Borrower to determine whether or not the Lender is subject to backup withholding or information reporting requirements.  Notwithstanding the foregoing, except for the documentation required to be provided by the Lender pursuant to Section 2.4(e), the Lender shall not be required to provide any information or documentation with respect to its investors that the Lender determines to be confidential.

       

      (e)          Without limiting the generality of the foregoing:

       

      (A)          Each Lender that is a United States person (as such
          term is defined in Section 7701(a)(30) of the Code) (“U.S. Person”) shall, on or before the date on which the Lender becomes a party to this Agreement, provide to Borrower and the Lender a properly
          completed and executed IRS Form W-9 certifying that such Lender is not subject to backup withholding tax.

       

      
        27

        
          

      

      (B)          Each Lender that is not a U.S. Person (a “Foreign Lender”) shall, on or before the date on which such Foreign Lender becomes a party to this Agreement, provide Borrower and the Lender with a properly completed and executed IRS Form W‐8ECI, W-8BEN,
          W-8BEN-E, W-8IMY or other applicable forms (together with any required supporting documentation), or any other applicable certificate or document reasonably requested by the Borrower or the Lender, and, if such Foreign Lender is relying on the
          portfolio interest exception of Section 871(h) or Section 881(c) of the Code (or any successor provision thereto), shall also provide the Borrower and the Lender with a certificate substantially in the form of Exhibit

              C-1 (the “Portfolio Interest Certificate”) representing that such Foreign Lender is not a “bank” for purposes of Section 881(c) of the Code (or any successor provision thereto), is not a
          10% holder of the Borrower described in Section 871(h)(3)(B) of the Code (or any successor provision thereto), and is not a controlled foreign corporation receiving interest from a related person (within the meaning of Sections 881(c)(3)(C) and
          864(d)(4) of the Code or any successor provisions thereto); provided that, if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the
          portfolio interest exemption, such Foreign Lender may provide a Portfolio Interest Certificate substantially in the form of Exhibit C-2 on behalf of each such direct and indirect partner. Each Lender
          shall provide new forms (or successor forms) as reasonably requested by the Borrower or the Lender from time to time and shall notify the Borrower and the Lender in writing within a reasonable time after becoming aware of any event requiring a
          change in the most recent forms previously delivered by such Lender to the Borrower and the Lender.

       

      (C)          To the extent legally permissible, the Lender shall
          deliver a duly executed an IRS Form W-9 (if the Lender is a U.S. Person) or the appropriate IRS Form W-8, (if the Lender is not U.S. Person) certifying the Lender’s exemption from U.S. withholding Taxes with respect to amounts payable hereunder
          on or prior to the date the Lender becomes a party to this Agreement.

      

      

      Section 2.5.      Costs, Expenses and Losses.  If, as a result of any failure by the Borrower or any other Loan Party to pay any sums or Obligations due under this Agreement
        or any other Facility Document on the due date therefor (after the expiration of any applicable grace periods, but without giving effect to any grace period after the occurrence of an Event of Default of the type set forth in Section 8.1(d)), a the Lender shall incur costs, expenses and/or losses, by reason of the liquidation or redeployment of deposits from third parties or in connection with obtaining funds to make or maintain
        the Loans, the Borrower shall pay to the Lender upon request by the Lender, the amount of such costs, expenses and/or losses within fifteen (15) days after receipt by the Borrower of a certificate from the Lender setting forth in reasonable detail
        such costs, expenses and/or losses, along with supporting documentation.  For the purposes of the preceding sentence, “costs, expenses and/or losses” shall include any interest paid or payable to carry any unpaid amount and any loss, premium,
        penalty or expense that may be incurred in obtaining, liquidating or employing deposits of or borrowings from third parties and/or third Persons in order to make, maintain or fund the Loans or any portion thereof.

       

      
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      Section 2.6.    Interest.  From and after the Closing Date, the outstanding principal amount of the Loans, any overdue interest and any other amounts and Obligations shall bear interest at the Interest Rate (calculated on the basis of the actual
          number of days elapsed in each month based on a year of 360 days).  All accrued and unpaid Interest shall be paid in cash on the Maturity Date.  Notwithstanding the foregoing or anything to the contrary contained herein, on the date any principal
          amount of the Loans is prepaid, repaid, reduced or paid, or required to be prepaid, repaid, reduced or paid, for any reason hereunder (on the Maturity Date or otherwise), all accrued but unpaid interest on such principal amount shall be payable
          in cash.

       

      Section 2.7.      Interest on Late Payments.

       

      (a)       Without limiting the remedies
          available to the Lender, the holders of other Obligations and the Indemnified Persons under the Facility Documents or otherwise, to the maximum extent permitted by Applicable Law, if the Borrower or any other Loan Party fails to make a required
          payment of principal or interest on any Loan or make a required payment of any other Obligation when due (in each case subject to any cure period provided for in Section 8.1(a)), the Borrower shall
          pay, in respect of such principal, interest and other Obligations, interest thereon at the rate per annum equal to the Interest Rate plus ten percent (10%) for so long as such payment remains outstanding.  Such interest shall be payable in cash
          on demand.

       

      (b)         At the election of the Lender,
          while any Event of Default exists (or automatically while any Event of Default under Section 8.1(a) or 8.1(d) exists), the Borrower shall pay interest
          (after as well as before entry of judgment thereon to the extent permitted by Applicable Law) on the Obligations (other than Obligations on which interest is payable at the rate set forth in Section 2.2(a)),

          if any, from and after the date of occurrence of such Event of Default, at a rate per annum equal to the Interest Rate then in effect for the Loans, plus two percent (2.0%). Such interest shall be payable in cash on demand.

       

      ARTICLE 3

      REPRESENTATIONS AND WARRANTIES OF THE
        LOAN PARTIES

       

      In order to induce the Lender to make the Loans pursuant to this Agreement and to induce the Lender to enter into this Agreement, the Loan Parties,
        jointly and severally, represent and warrant on (i) the Closing Date (ii) each Disbursement Date, and (iii) each date such representation or warranty is remade or deemed remade in any Facility Document, if any, in each case, that:

       

      Section 3.1.      No Default.  No Default or Event of Default has occurred or will result from the transactions contemplated by the Facility Documents.

       

      Section 3.2.      Solvency.  On the Closing Date (both before and after giving effect to the Transactions) and on each Disbursement Date (both immediately before and after
        giving effect to the funding of the Loans and the use of proceeds thereof), each Loan Party (a) is Solvent and (b) has not taken action, and, to the best of its knowledge, no action has been taken by a third party, for the winding up, dissolution
        or liquidation or similar executory or judicial proceeding in respect of, any Loan Party or for the appointment of a liquidator, custodian, receiver, trustee, administrator or other similar officer for any Loan Party or any or all of its assets or
        revenues.

       

      
        29

        
          

      

      Section 3.3.    Enforceability.  This Agreement and each other Facility Document constitutes, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms,
          except as the enforcement hereof or thereof may be limited by insolvency, bankruptcy, reorganization, moratorium or other similar Applicable Laws affecting creditors rights generally or by general equitable principles (whether considered in a
          proceeding in equity or at law).

       

      Section 3.4.     Existence, Qualification and Power.  Each Loan Party is validly existing as a corporation, limited liability company or limited partnership, as applicable,
        and is in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its incorporation, organization or formation, as applicable.  Each Loan Party (a) has full power and authority to
        (i) own its assets and conduct its business and (ii) to (A) enter into, execute, deliver and perform its obligations under, the Facility Documents, and (B) consummate the transactions contemplated under the Facility Documents, and (b) is duly
        qualified as a foreign corporation, limited liability company or limited partnership, as applicable, and licensed and in good standing, under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of its
        business requires such qualification or license, except, in each case of this clause (b), where the failure to be so qualified, licensed or in good standing would not reasonably be expected,
        individually or in the aggregate, to have a Material Adverse Effect.

       

      Section 3.5.    Litigation.  No Proceeding is pending before any Governmental Authority or, to the knowledge of the Loan Parties, threatened by any Governmental Authority
        (a) to which any Loan Party is a party, (b) that purports to affect or pertain to the Facility Documents, the Transactions or the other transaction contemplated hereby or thereby or (c) that has as the subject thereof any assets owned by any Loan
        Party or any of its Subsidiaries, in each case, that would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.  No injunction, writ, temporary restraining order or any order of any nature has been issued by
        any court or other Governmental Authority purporting to enjoin or restrain the execution, delivery or performance of this Agreement or any other Facility Document or directing that the transactions provided for herein or therein not be consummated
        as herein or therein provided.  As of the Closing Date, none of the Loan Parties or any of the directors (or equivalent persons) or officers of any Loan Party or any of its Subsidiaries has been the subject of any investigation by the SEC or any
        other Governmental Authority regarding securities law matters during the past five (5) years.

       

      
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      Section 3.6.     Corporate Authorization; Conflicts.  This Agreement and the other Facility Documents have been duly authorized, executed and delivered by each Loan Party.  The execution, delivery and performance of the Facility Documents by each
          Loan Party that is a party thereto and the consummation of the transactions contemplated herein and therein will not (a) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or
          result in the creation or imposition of any Lien upon any assets of any such Loan Party pursuant to, any agreement, document or instrument to which such Loan Party is a party or by which any Loan Party is bound or to which any of the assets or
          property of any Loan Party is subject, except, with respect to this clause (a), as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, (b) result in
          any material violation of, or conflict in any material respect with, any of the provisions of the Organizational Documents, (c) result in the material violation of any Applicable Law, or (d) result in the material violation of any judgment,
          order, rule, corporate integrity agreement, regulation, determination or decree of any Governmental Authority.

       

      Section 3.7.    Governmental Authorizations.  (a) Each Loan Party holds, and is operating in compliance in all
        material respects with, all franchises, grants, Authorizations, licenses, permits, easements, consents, certificates and orders of any Governmental Authority (collectively, “Required Authorizations”)
        required for the conduct of its business as currently conducted, and all material Required Authorizations are valid and in full force and effect, and (b) no Authorization of, or registration, notice or filing with, any Governmental Authority is
        required for (i) the execution, delivery and performance of any of the Facility Documents, and (ii) the consummation by any Loan Party of the Transactions or the other transactions contemplated hereby or thereby, except for (A) such as have already
        been obtained or made prior to the Closing Date that are in full force and effect, (B) other filings the failure of which to obtain or make, individually or in the aggregate, has not had and would not reasonably be expected, individually or in the
        aggregate, to have a Material Adverse Effect, and (C) pursuant to applicable federal and state securities laws, rules and regulations that are expressly contemplated by Section 6.8.

       

      Section 3.8.     Ownership of Real Estate and Personal Property. Each Loan Party has good and marketable title to all of its material assets and property free and clear of
        all Liens, except Permitted Liens.  Except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, the property held under lease by each Loan Party is held under valid, subsisting and enforceable
        leases with only such exceptions with respect to any particular lease as do not interfere in any material respect with the conduct of the business of such Loan Party.

       

      Section 3.9.      Intellectual Property.  To the knowledge of each Loan Party, each Loan Party and its Subsidiaries owns, licenses or otherwise has the
        right to use all Intellectual Property that is necessary and material for the operation of its businesses as currently conducted.  To the knowledge of each Loan Party, (a) the conduct and operations of the businesses of each Loan Party and its
        Subsidiaries do not infringe any Intellectual Property owned by any other Person in a manner that would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect and (b) except as set forth on Schedule 3.9, as of the Closing Date, no other Person has contested any right, title or interest of any Loan Party or any of its Subsidiaries in, or relating to, any Intellectual Property owned by such Loan
        Party or Subsidiary, other than as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.  Except as set forth on Schedule 3.9, as of the Closing Date,
        (x) there are no material Proceedings pending (or, to the knowledge of any Loan Party, threatened in writing) affecting any Loan Party or any of its Subsidiaries with respect to, (y) no judgment or order regarding any such claim has been rendered
        by any competent Governmental Authority and (z) no settlement agreement or similar agreement has been entered into by any Loan Party or any of its Subsidiaries (that would limit, cancel or challenge the validity of any Loan Party’s or any of its
        Subsidiaries’ rights in any Intellectual Property owned by such Loan Party or Subsidiary) with respect to any such infringement, other than as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

       

      
        31

        
          

      

      Section 3.10.   Taxes.  All U.S. federal, state and local income and franchise and other material Tax returns, reports and statements (collectively, the “Tax Returns”) required to be filed by any Tax
          Affiliates have been filed with the appropriate Governmental Authorities, all such Tax Returns are true and correct in all material respects, and all Taxes, assessments and other governmental charges and impositions reflected therein or otherwise
          due and payable (including in such Person’s capacity as a withholding agent) have been paid prior to the date on which any material Liability may be added thereto for non-payment thereof except for those contested in good faith by appropriate
          proceedings diligently conducted and for which adequate reserves are maintained on the books of the appropriate Tax Affiliate in accordance with GAAP.  There is no current or proposed Tax assessment, deficiency or other Tax claim against the Tax
          Affiliates (or any of them) that, alone or in the aggregate, is material.

       

      Section 3.11.   Compliance with Laws.  Except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, each Loan Party is in
        compliance with all Applicable Laws (including Health Care Laws) and Authorizations.

       

      Section 3.12.   

        Reserved.

       

      Section 3.13.   

        Financial Statements.  As of their respective dates, the consolidated financial
        statements of the Borrower and its Subsidiaries included in the most recently filed annual report on Form 10-K and quarterly report on Form 10-Q (the “Subject Financials”) complied as to form in all material respects with applicable accounting
        requirements and the published rules and regulations of the SEC (including Regulation S-X) with respect thereto. The Subject Financials have been prepared in accordance with GAAP (subject, in the case of unaudited quarterly financial statements, to
        normal year-end adjustments that are not material individually or in the aggregate), and fairly present in all material respects the consolidated financial position of the Borrower and its Subsidiaries as of the dates thereof and the consolidated
        results of their operations, cash flows and changes in stockholders equity for the periods specified.

       

      
        32

        
          

      

      Section 3.14.  Accounting Controls.  Each Loan Party and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (a) transactions are executed in accordance with management’s
          general or specific authorizations, (b) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset and liability accountability, (c) access to assets or incurrence of
          liability is permitted only in accordance with management’s general or specific authorization and (d) the recorded accountability for assets and liabilities is compared with the existing assets and liabilities at reasonable intervals and
          appropriate action is taken with respect to any differences.  The Borrower and its Subsidiaries have (i) timely filed and made publicly available on EDGAR all certifications, statements and documents required by (1) Rule 13a-14 or Rule 15d-14
          under the Exchange Act.  The Borrower and its Subsidiaries maintain disclosure controls and procedures required by Rule 13a-15 or Rule 15d-15 under the Exchange Act; such controls and procedures are effective to ensure that the information
          required to be disclosed by the Borrower and its Subsidiaries in the reports that they file with or submit to the SEC (A) is recorded, processed, summarized and reported accurately within the time periods specified in the SEC’s rules and forms
          and (ii) is accumulated and communicated to the Borrower’s (and, to the extent applicable, its Subsidiaries’) management, including its or their principal executive officer and principal financial officer, as appropriate to allow timely decisions
          regarding required disclosure.  The Borrower and its Subsidiaries maintain internal control over financial reporting required by Rule 13a-15 or Rule 15d-15 under the Exchange Act; such internal control over financial reporting is effective and
          does not contain any material weaknesses.

       

      Section 3.15.    ERISA.  Except as set forth on Schedule 3.15, as of the Closing Date, no Loan Party or any
        of their respective Subsidiaries maintains, contributes to, has an obligation to contribute to or has any present intention to contribute to, any Title IV Plan or Multiemployer Plan; nor has any Loan Party or any of their Subsidiaries taken any
        steps towards adopting or amending any Title IV Plan or contributing to or incurring liability under a Multiemployer Plan.  Except for those that would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect,
        (a) each Benefit Plan, and each trust thereunder, intended to qualify for tax exempt status under Section 401 or 501 of the Code or other Laws so qualifies, (b) each Benefit Plan is in compliance with applicable provisions of ERISA, the Code and
        other Laws, (c) there are no existing or pending (or to the knowledge of any Loan Party or any Subsidiary of a Loan Party, threatened) Proceedings (other than routine claims for benefits in the normal course) or investigation involving any Benefit
        Plan to which any Loan Party or any Subsidiary of a Loan Party incurs or otherwise has or would reasonably be expected to have an obligation or any Liability and (d) no ERISA Event has occurred or is reasonably expected to occur.  On the Closing
        Date, no ERISA Event has occurred in connection with which material obligations or material Liabilities of a Loan Party or a Subsidiary of a Loan Party remain outstanding.

       

      Section 3.16.    Subsidiaries.  All outstanding Stock of each Subsidiary of the Borrower is owned beneficially and of record by a Loan Party or a Subsidiary of a Loan Party,
        free and clear of all Liens other than Permitted Liens. Set forth on Schedule 3.16, as of the Closing Date, is a list of each Subsidiary of the Borrower and its jurisdiction of incorporation,
        organization or formation, as applicable.

       

      Section 3.17.    Shares of Stock.  All of the issued and outstanding shares of capital stock of the Borrower and its Subsidiaries are duly authorized
        and duly and validly issued, fully paid and non-assessable, have been issued in compliance with all federal and state and foreign securities laws and were not issued in violation of or subject to any preemptive rights or other rights to subscribe
        for or purchase securities that have not been waived in writing.

       

      

      
        33

        
          

      

      
        
          
            Section 3.18.    Material Agreements.  All contracts, agreements, leases, instruments and commitments to which any Loan Party or
              any of its Subsidiaries are a party or by which any of them are bound, that are required to be filed as an exhibit to the SEC Documents pursuant to Item 601(b)(4) or Item 601(b)(10) of Regulation S-K are collectively referred to as the
              “Material Agreements”. No Loan Party or any of its Subsidiaries is in breach or default under any Material Agreement in any material respect, and, to the knowledge of the Loan Parties, no other party to a Material Agreement is in default or
              breach thereunder in any material respect.

             

            Section 3.19.    Use of Proceeds; Margin Stock.  The proceeds of the Loans are intended to be and shall be used solely for the
              purposes set forth in and permitted by Section 6.12.  No Loan Party and no Subsidiary of any Loan Party is engaged principally or as one of its important activities in the business of purchasing or selling Margin Stock or extending
              credit for the purpose of purchasing or carrying Margin Stock.  As of the Closing Date, except as set forth on Schedule 3.19, no Loan Party and no Subsidiary of any Loan Party owns any Margin Stock.

             

            Section 3.20.   Environmental Matters.  Except as set forth in Schedule 3.20, as of the Closing Date, and except where
              any failures to comply would not reasonably be expected to result, individually or in the aggregate, to have a Material Adverse Effect, each Loan Party and each Subsidiary of each Loan Party (a) are and have been in compliance with all
              applicable Environmental Laws, including obtaining and maintaining all Authorizations and permits required by any applicable Environmental Law, (b) is not party to, and no Real Estate currently (or to the knowledge of any Loan Party
              previously) owned, leased, subleased, operated or otherwise occupied by or for any such Person is subject to or the subject of, any contractual obligation or any pending or, to the knowledge of any Loan Party, threatened, Proceeding, audit,
              Lien, demand, dispute or notice of violation or of potential liability or similar notice relating in any manner to any Environmental Law, (c) has not caused or suffered to occur a Release of Hazardous Materials at, to or from any Real Estate,
              (d) does not currently (and, to the knowledge each any Loan Party, did not at any time previously) own, lease, sublease, operate or otherwise occupy no Real Estate that is contaminated by any Hazardous Materials and (e) is not, and has not
              been, engaged in, and has not authorized or expressly permitted any current or former tenant to engage in, operations in violation of any Environmental Law and knows of no facts, circumstances or conditions reasonably constituting notice of a
              violation of any Environmental Law, including receipt of any information request or notice of potential responsibility under the Comprehensive Environmental Response, Compensation and Liability Act or other Environmental Laws.

             

            Section 3.21.   Investment Company Act.  None of any Loan Party, any Person controlling any Loan Party or any Subsidiary of any
              Loan Party is an “investment company” within the meaning of the Investment Company Act, or otherwise registered or required to be registered under, the Investment Company Act.

             

            
              34

              
                

            

            Section 3.22.   Labor Relations.  Except as set forth on Schedule 3.22, as of the Closing Date, (a) there is no
              collective bargaining or similar agreement with any union, labor organization, works council or similar representative covering any employee of any Loan Party or any Subsidiary of any Loan Party, (b) to the knowledge of the Loan Parties, no
              petition for certification or election of any such representative is existing or pending with respect to any employee of any Loan Party or any Subsidiary of any Loan Party and (c) to the knowledge of the Loan Parties, no such representative
              has sought certification or recognition with respect to any employee of any Loan Party or any Subsidiary of any Loan Party.  There are no strikes, picketing, work stoppages, slowdowns or lockouts existing, pending (or, to the knowledge of any
              Loan Party, threatened) against or involving any Loan Party or any Subsidiary of any Loan Party, except for those that would not reasonably be expected, in the aggregate, to have a Material Adverse Effect.

             

            Section 3.23.    Certain Regulations.

             

            (a)        Each Loan Party and each Subsidiary of each Loan Party is in compliance in all material respects with all U.S. economic sanctions laws, executive orders and
              implementing regulations (“Sanctions”) as administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. State Department

             

            (b)         No Loan Party and no Subsidiary of a Loan Party (a) is a Person on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”),
              (b) is a Person who is otherwise the target of U.S. economic sanctions laws such that a U.S. Person cannot deal or otherwise engage in business transactions with such Person, (c) is a Person organized or resident in a country or territory
              subject to comprehensive Sanctions (a “Sanctioned Country”), or (d) is owned 50% or more or controlled by (including by virtue of such Person being a director or owning voting shares or interests), or the best of its knowledge, after
              due inquiry, acts, directly or indirectly, for or on behalf of, any Person on the SDN List or a government of a Sanctioned Country such that, in the case of each of the foregoing clauses (a) through (d), the entry into, or performance under,
              this Agreement or any other Facility Document would be prohibited by U.S. law.  Each Loan Party and each Subsidiary of each Loan Party is in compliance in all material respects with all applicable laws related to terrorism or money laundering
              (“Anti-Money Laundering Laws”) including: (i) all applicable requirements of the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C. 5311 et. seq., (the Bank Secrecy Act)), as amended by Title III of the USA Patriot Act,
              (ii) the Trading with the Enemy Act, (iii) Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (66 Fed. Reg. 49079), and any other enabling legislation, executive order or regulations issued pursuant or relating
              thereto and (iv) other applicable federal or state laws relating to “know your customer” or anti-money laundering rules and regulations.  No Proceeding by or before any court or Governmental Authority with respect to compliance by any Loan
              Party or Subsidiary with any such Anti-Money Laundering Laws is pending or, to the knowledge of each Loan Party and each Subsidiary of each Loan Party, threatened.

             

            (c)        Each Loan Party and each Subsidiary of each Loan Party is in compliance in all material respects with all applicable anti-corruption laws, including the U.S.
              Foreign Corrupt Practices Act of 1977 (“FCPA”) and the U.K. Bribery Act 2010 (“Anti-Corruption Laws”).  None of any Loan Party or any Subsidiary of a Loan Party, nor to the knowledge of any Loan Party or any Subsidiary thereof,
              any director, officer, agent, employee or other Person acting on behalf of the Loan Party or any Subsidiary of a Loan Party, has taken any action, directly or indirectly, that would result in a violation of applicable Anti-Corruption Laws.

             

            
              35

              
                

            

            (d)        The Loan Parties and their Subsidiaries maintain and implement policies and procedures reasonably designed to ensure compliance by the Loan Parties, their
              Subsidiaries and their respective directors, officers, employees and agents with Sanctions, Anti-Money Laundering Laws and Anti-Corruption Laws.

             

            Section 3.24.   Securities Laws.  Neither the Borrower nor any of its Subsidiaries nor, to the Borrower’s knowledge, any
              director, officer or employee, of the Borrower or any of its Subsidiaries, has received or otherwise obtained any material complaint, allegation, assertion or claim, whether written or oral, excluding routine SEC comment letters, regarding
              the accounting or auditing practices, procedures, methodologies or methods of the Borrower or any of its Subsidiaries or its internal accounting controls, including any complaint, allegation, assertion or claim that the Borrower or any of its
              Subsidiaries has engaged in questionable accounting or auditing practices. There have been no internal or SEC investigations regarding accounting or revenue recognition discussed with, reviewed by or initiated at the direction of the chief
              executive officer, the principal financial officer or the principal accounting officer (in each case, or officer holding such equivalent position) of the Borrower or any of its Subsidiaries, the Borrower’s or any of its Subsidiaries’ board of
              directors (or equivalent governing body) or any committee thereof.

             

            ARTICLE 4

              [RESERVED]

             

            ARTICLE 5

              CONDITIONS OF DISBURSEMENT

             

            Section 5.1.     Conditions to Initial Disbursement.  The obligation of the Lender to make the proceeds of the Loans available on
              the Closing Date shall be subject to the satisfaction (or written waiver) of the following conditions, as applicable, in a manner satisfactory to the Lender:

             

            (a)        Facility Documents; Other Closing Date Deliverables.  On the Closing Date, the Lender shall have received executed counterparts of this Agreement and
              each other Facility Document.

             

            

            (b)        Know Your Customer Information.  At least three (3) Business Days prior to the Closing Date, the Lender shall have received a duly executed W-9 (or other
              applicable tax form) of the Borrower and all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act, that has
              been reasonably requested by the Lender at least ten (10) days in advance of the Closing Date.

             

            
              36

              
                

            

            Section 5.2.      Conditions to Subsequent Disbursements.  The obligation of the Lender to make the proceeds of the Loans
              available on each Disbursement Date shall be subject to the satisfaction (or written waiver) of the following conditions in a manner satisfactory to the Lender:Delivery of Disbursement Request.  The Lender shall have received a duly
              completed and fully executed Disbursement Request not more than twenty (20) or fewer than three (3) days prior to the applicable Disbursement Date.

             

            

            (a)        Absence of Default or Event of Default.  No Default or Event of Default shall have occurred or would reasonably be expected to result from the funding of
              the Loans or the use of the proceeds therefrom.

             

            

            (b)        Representations and Warranties.  Immediately prior to and after giving effect to the funding of the Loans and the use of proceeds thereof, each
              representation and warranty by any Loan Party or any of its Subsidiaries contained herein or in any other Facility Document is true, correct and complete in all material respects (without duplication of any materiality qualifier contained
              therein) as of such date, except to the extent that such representation or warranty expressly relates to an earlier date (in which event such representations and warranties were true, correct and complete in all material respects (without
              duplication of any materiality qualifier contained therein) as of such earlier date).

             

            (c)        Proceedings.  There shall not exist any Proceeding, order, injunction or decree of any Governmental Authority or in any court restraining or prohibiting
              (or attempting to restrain or prohibit) the funding of the Loans hereunder.

             

            (d)        Merger Agreement Conditions.  There shall not exist any material breach by Borrower of its obligations under the Merger Agreement.  There shall not have
              been any Change of Recommendation (as defined in the Merger Agreement).

             

            (e)       Conditions Precedent Certificate.  The Lender shall have received a certificate from an Authorized Officer certifying that all of the conditions set forth
              in this Section 5.2 are satisfied.

             

            ARTICLE 6

              AFFIRMATIVE COVENANTS

             

            Section 6.1.     Preservation of Existence, Etc.  The Loan Parties shall and shall cause their Subsidiaries to (a) preserve and
              maintain in full force and effect their organizational existence and good standing (to the extent such concept is applicable) under the Applicable Laws of its jurisdiction of incorporation, organization or formation, as applicable, except in
              connection with a transaction permitted under Section 7.1 or any liquidation of any Subsidiary into any other Subsidiary or the Borrower (provided that if such Subsidiary is a Loan Party, such liquidation shall be into a Loan Party)
              and (b) preserve and maintain all qualifications to do business in each other jurisdiction not covered by clause (b) above in which the failure to be so qualified would reasonably be expected, individually or in the aggregate, to
              have a Material Adverse Effect.

             

            
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            Section 6.2.    Compliance with Laws.  The Loan Parties shall, and shall cause their Subsidiaries to, (a) comply in all respects
              with all Applicable Laws (including Health Care Laws), except where the necessity of compliance therewith is contested in good faith by appropriate proceedings or where the failure to so comply would not reasonably be expected to have a
              Material Adverse Effect, and (b) maintain in effect and enforce policies and procedures designed to ensure compliance by the Loan Parties, their Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption
              Laws, Anti-Money Laundering Laws and applicable Sanctions.

             

            Section 6.3.    Authorizations.  The Loan Parties shall, and shall cause their Subsidiaries to, obtain, make and keep in full
              force and effect all licenses, certificates, approvals, registrations, clearances, and Authorizations material to the conduct of their businesses, except as would not reasonably be expected to have a Material Adverse Effect.

             

            Section 6.4.    Maintenance of Property.  Each Loan Party shall, except as otherwise permitted by this Agreement, maintain, and
              shall cause each of its Subsidiaries to maintain, and preserve all its assets and property that are material to its businesses in good working order and condition, ordinary wear and tear and casualty and condemnation excepted and shall make
              all necessary repairs thereto and renewals and replacements thereof in the ordinary course of business consistent with past practices.

             

            Section 6.5.    Insurance.  The Loan Parties shall, and shall cause each of their Subsidiaries to, maintain with financially
              sound and reputable insurance companies insurance with respect to their assets, properties and businesses, against such hazards and liabilities, of such types and in such amounts, as is customarily maintained by companies in the same or
              similar businesses similarly situated.  A true and complete listing of such insurance, including issuers, coverages and deductibles, shall be provided to the Lender promptly following the Lender’s request.

             

            Section 6.6.    Payment of Taxes.  Each Loan Party shall, and shall cause each of its Subsidiaries to, pay all material Taxes,
              assessments, levies and other governmental charges imposed upon it or any of its properties or assets or in respect of any of its income, businesses or franchises before any penalty accrues thereon, and all other material claims (including
              claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a Lien upon any of its properties or assets, prior to the time when any penalty or fine shall be incurred with
              respect thereto; provided, that no such Tax, assessment, levy, charge or claim need be paid if it is being contested in good faith by appropriate Proceedings promptly instituted and diligently conducted, so long as adequate reserves or other
              appropriate provision, if any, as shall be required in conformity with GAAP shall have been made therefor.

             

            Section 6.7.      Notices.  The Loan Parties shall promptly (and, in any event, within two (2) Business Days) notify the Lender
              in writing of the occurrence of (i) any Default or Event of Default; (ii) any default or event of default under any Qualifying Secured Debt or Qualifying Unsecured Debt, or (iii) any event or occurrence or series of related events or
              occurrences that has had a Material Adverse Effect.

             

            
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            Section 6.8.     SEC Documents; Financial Statements.  From the Closing Date until the first date on which no Loans remain
              outstanding (the period ending on such date, the “Reporting Period”), the Borrower shall timely (without giving effect to any extensions pursuant to Rule 12b-25 of the Exchange Act) file (or furnish, as applicable) all SEC Documents
              required to be filed with (or furnished to) the SEC pursuant to the Exchange Act.  None of such SEC Documents, when filed or furnished, shall contain any untrue statement of a material fact or omit to state a material fact required to be
              stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not materially misleading.  All financial statements included in any such SEC Documents shall fairly present in
              all material respects the consolidated financial position of the Borrower and its Subsidiaries as of the dates thereof and the consolidated results of their operations and cash flows for the periods presented and shall have been prepared in
              accordance with GAAP, consistently applied (subject, in the case of unaudited quarterly financial statements, to normal year-end adjustments that are not material individually or in the aggregate and lack of footnote disclosures).  Any audit
              or report of the Borrower’s independent certified public accountants on any financial statements included in any such SEC Document shall (i) contain an opinion stating that such consolidated financial statements present fairly in all material
              respects the consolidated financial position and results of operations and cash flows of the Borrower and its Subsidiaries as of the dates thereof and for the periods presented and have been prepared in conformity with GAAP applied on a basis
              consistent with prior years, and (ii) not include any explanatory paragraph expressing substantial doubt as to going concern status.

             

            Section 6.9.      [Reserved].

             

            

            Section 6.10.   Further Assurances.  Promptly upon (but, in any event, within five (5) Business Days after) the request of the
              Lender, the Loan Parties shall (and, subject to the limitations set forth herein and in the other Facility Documents, shall cause each of their Subsidiaries to) take such additional actions and execute such documents as the Lender may
              reasonably require from time to time in order (a) to carry out more effectively the purposes of this Agreement or any other Facility Document, and (b) to better assure, grant, preserve, protect and confirm to the Lender the rights granted or
              now or hereafter intended to be granted to the Lender under any Facility Document.  The Loan Parties shall cause each Subsidiary of a Loan Party (other than an Excluded Subsidiary), promptly (and in any event within twenty-five (25) Business
              Days (or such later date as agreed by the Lender in its sole discretion)) after the formation or acquisition thereof, to (i) Guarantee the Obligations by executing a Guaranty, and (ii) deliver, or cause to be delivered, to the Lender,
              appropriate resolutions, secretary certificates, and certified Organizational Documents.  Notwithstanding the foregoing, no Person shall be required to Guarantee the Obligations under this Agreement and become a Guarantor if such Person is
              not a guarantor of the Deerfield Indebtedness.

             

            
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            Section 6.11.    Environmental Matters.  Each Loan Party shall, and shall cause each of its Subsidiaries to, comply with, and
              maintain its Real Estate, whether owned, leased, subleased or otherwise operated or occupied, in compliance with all applicable Environmental Laws or as is required by orders and directives of any Governmental Authority except where the
              failure to comply would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

             

            Section 6.12.    Use of Proceeds.  The proceeds of the Loans will be used solely for working capital and for general corporate
              purposes in accordance with the operating plan set forth in Section 5.1(a) the Company Disclosure Schedule (as defined in the Merger Agreement).

             

            Section 6.13.    ERISA Notices.  Promptly upon becoming aware that any of the following has occurred, the Borrower will provide
              written notice to the Lender specifying the nature of such event, what action the Loan Party or any ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known, if applicable, any action taken or threatened
              by the IRS, the Department of Labor or the PBGC with respect thereto: (a) any ERISA Event, or (b) a “prohibited transaction” as defined under Section 406 of ERISA or Section 4975 of the Code that is not exempt under ERISA Section 408 or
              Section 4975 of the Code, under any applicable regulations and published interpretations thereunder or under any applicable prohibited transaction, individual or class exemption issued by the Department of Labor, with respect to any Employee
              Benefit Plan.

             

            ARTICLE 7

              NEGATIVE COVENANTS

             

            Section 7.1.     Merger, Consolidation, Etc.  No Loan Party will, nor will it permit any Subsidiary to, directly or indirectly
              consolidate or merge with or into any other Person other than (i) consolidations or mergers among the Borrower and its Subsidiaries (provided that, in any merger involving the Borrower, the Borrower shall be the surviving entity and in
              any merger involving a Loan Party other than the Borrower, such Loan Party shall be the surviving entity), (ii) consolidations or mergers in connection with any acquisition (provided that, in any merger involving the Borrower, the
              Borrower shall be the surviving entity and, in any merger involving a Loan Party other than the Borrower, the surviving entity shall be or become a Loan Party) and (iii) consolidations or mergers of a Subsidiary of the Borrower in connection
              with any disposition of such Subsidiary permitted hereunder.  Notwithstanding the foregoing, nothing in this Section 7.1 shall prevent the consummation of (or entry of the Borrower into an agreement with respect to) (i) the merger
              transaction contemplated in the Merger Agreement and (ii) the Fiagon Reorganization.

             

            Section 7.2.     Liens.  No Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, make,
              create, incur, assume or suffer to exist any Lien upon or with respect to any of its assets or property, except:

             

            (a)         Liens existing on the Closing Date and set forth on Schedule 7.2(a);

             

            (b)      carriers’, warehousemen’s, mechanics’, landlords’, materialmen’s, repairmen’s or other similar Liens arising in the ordinary course of business that secure
              obligations that are not delinquent or remain payable without penalty or that are being contested in good faith and by appropriate Proceedings, which Proceedings have the effect of preventing the forfeiture or sale of the assets or property
              subject thereto and for which adequate reserves in accordance with GAAP are being maintained;

             

            
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            (c)        Liens for Taxes, assessments or governmental charges or levies, in each case imposed by law or arising in the ordinary course of business for amounts that are
              not past due or payable or that are being contested in good faith by appropriate Proceedings, which Proceedings have the effect of preventing the forfeiture or sale of the property subject thereto, and for which adequate reserves in
              accordance with GAAP are being maintained;

             

            (d)        (i) Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default and (ii) pledges or cash deposits made in lieu of,
              or to secure the performance of, judgment or appeal bonds in respect to such judgments and Proceedings described in the foregoing clause (i);

             

            (e)       banker’s liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained with depository institutions and payment
              processors; provided that such deposit accounts or funds are not established or deposited for the purpose of providing collateral for any Indebtedness;

             

            (f)        Liens (other than any Lien imposed by ERISA) (i) consisting of pledges or deposits required in the ordinary course of business in connection with workers’
              compensation, unemployment insurance and other social security legislation or to secure the performance of tenders, statutory obligations, surety, stay, customs and appeals bonds, bids, leases (other than Capital Leases), governmental
              contracts, trade contracts, performance and return of money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money or other funded Indebtedness) or to secure liability to insurance carriers and (ii) in
              respect of letters of credit, bank guarantees or similar instruments issued for the account of Borrower or any Subsidiary in the ordinary course of business supporting obligations of the types described in the foregoing clause (i);

             

            (g)        easements, rights of way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, do not
              affect the value or marketability of such real property and which do not in any case materially interfere with the conduct of the business of any Loan Party or its Subsidiaries;

             

            (h)        non-exclusive licenses and non-exclusive sublicenses granted by a Loan Party or any Subsidiary of a Loan Party and leases and subleases (by a Loan Party or any
              Subsidiary of a Loan Party as lessor or sublessor) to third parties in the ordinary course of business not interfering with the business of the Loan Parties or any of their Subsidiaries;

             

            (i)         Liens of a collection bank arising under Section 4-210 of the UCC (or equivalent in foreign jurisdictions) on items in the course of collection;

             

            
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            (j)        Liens on any assets or property acquired or held by any Loan Party or any Subsidiary of any Loan Party securing Indebtedness incurred or assumed for the purpose
              of financing (or refinancing) all or any part of the cost of acquiring such assets or property and permitted under Section 7.3(c); provided that (i) such Lien attaches solely to the assets or property so acquired in such
              transaction and the proceeds thereof within one hundred twenty (120) days of such acquisition and (ii) the principal amount of the Indebtedness secured thereby does not exceed 100% of the cost of such assets or property;

             

            (k)        Liens securing Capital Lease Obligations permitted under Section 7.3(c), to the extent such Lien attaches solely to the property financed in such
              transaction and the proceeds thereof;

             

            (l)         Liens arising from the filing of precautionary UCC financing statements with respect to any lease not prohibited by this Agreement;

             

            (m)      Liens arising out of consignment or similar arrangements for the sale of goods entered into by the Borrower or any Subsidiary of the Borrower in the ordinary
              course of business consistent with past practices;

             

            (n)        Liens in favor of customs and revenue authorities arising as a matter of law which secure payment of customs duties in connection with the importation of goods
              in the ordinary course of business consistent with past practices;

             

            (o)        Liens on unearned insurance premiums securing the financing thereof to the extent permitted under Section 7.3(k);

             

            (p)        Liens solely on cash earnest money deposits made by the Borrower or any of its Subsidiaries in connection with any letter of intent or purchase agreement in the
              ordinary course of business; and

             

            (q)        Permitted Licenses;

             

            (r)        leases and subleases of Real Estate entered into in the ordinary course of business that do not materially interfere with the conduct of business of the Borrower
              and its Subsidiaries;

             

            (s)        Liens consisting of security deposits with respect to Borrower’s or any Subsidiary’s leased locations as security for its obligations under the lease agreements
              for such locations where a bank is unable to provide a letter of credit to secure such obligations;

             

            (t)         any interest or title of a lessor or licensor under any lease, sublease, license or sublicense granted to the Borrower or any Subsidiary;

             

            (u)        Liens securing Qualifying Secured Debt and Permitted Acquisition Debt;

             

            
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            (v)        Liens securing the Deerfield Indebtedness;

             

            (w)       Liens in the nature of the right of setoff in favor of counterparties to contractual agreements with any Loan Party in the ordinary course of business;

             

            (x)        cash collateral securing letters of credit permitted under Section 7.3(p); and

             

            (y)        Liens incurred in the extension, renewal or refinancing of any Indebtedness secured by Liens described in clauses (a), (j), (k), (t),
              and (v) above; provided that any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of any such Indebtedness may not increase.

             

            Section 7.3.      Indebtedness.  No Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly,
              create, incur, assume, Guarantee, permit to exist or be liable with respect to any Indebtedness, other than:

             

            (a)         Indebtedness existing as of the Closing Date and set forth on Schedule 7.3(a) attached hereto;

             

            (b)         the Obligations;

             

            (c)        Indebtedness not to exceed $5,000,000 in the aggregate at any time outstanding, consisting of Capital Lease Obligations, vendor financing or Indebtedness secured
              by Liens permitted by Sections Section 7.2(j) and (k);

             

            (d)        Indebtedness in respect of treasury, depository, and cash management services, including netting services, overdraft protections, controlled disbursement
              services, ACH and electronic funds transfer, credit cards, merchant cards, purchase cards and debit cards (including procurement cards or p-cards), non-card e-payables services, lockbox services, stop payment services, wire transfer services,
              arrangements in respect of pooled deposit or sweep accounts, check endorsement guarantees, and other similar and customary services in connection with deposit accounts incurred in the ordinary course of business;

             

            (e)         Indebtedness to employees in respect of benefit plans and employment and severance arrangements;

             

            (f)       Indebtedness with respect to performance bonds, surety and appeal bonds and similar instruments incurred in the ordinary course of business;

             

            (g)       Indebtedness arising under Guarantees made in the ordinary course of business of obligations of any Loan Party that are otherwise expressly permitted hereunder; provided
              that if such obligation is subordinated to the Obligations, such Guarantee shall be subordinated to the Obligations to the same extent;

             

            
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            (h)         Indebtedness consisting of unsecured intercompany loans among the Borrower and its Subsidiaries;

             

            (i)       Indebtedness arising with respect to customary indemnification obligations and purchase price adjustments in favor of (i) sellers in connection with acquisitions
              or similar investments and (ii) purchasers in connection with dispositions of assets;

             

            (j)          endorsements for collection or deposit in the ordinary course of business;

             

            (k)         Indebtedness consisting of the financing of insurance premiums in the ordinary course of business;

             

            (l)          Qualifying Secured Debt;

             

            (m)        the Deerfield Indebtedness;

             

            (n)         Qualifying Unsecured Debt;

             

            (o)         Swap Contracts entered into in the ordinary course of business for bona fide hedging purposes and not for speculation;

             

            (p)         Indebtedness in respect of letters of credit (including trade letters of credit), bank guarantees or similar instruments issued or incurred in the ordinary
              course of business in an aggregate outstanding face amount not to exceed $5,000,000;

             

            (q)        Permitted Acquisition Debt (and any renewals, extensions, refinancings and replacements thereof) in an aggregate amount not to exceed $75,000,000 at any time
              outstanding; and

             

            (r)         Leases or subleases of real property, to the extent characterized as Indebtedness under GAAP.

             

            Notwithstanding anything to the contrary herein, the accrual of interest, the accretion or amortization of original issue discount, the payment of interest on any Indebtedness in the form of
              additional Indebtedness with the same terms, the reclassification of preferred stock as Indebtedness due to a change in accounting principles, and the payment of dividends on Disqualified Stock in the form of additional shares of the same
              class of Disqualified Stock will not be deemed to be an incurrence of Indebtedness or an issuance of Disqualified Stock for purposes of this definition.

             

            
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            Section 7.4.      Affiliate Transactions.  No Loan Party shall, and no Loan Party shall suffer or permit any of its Subsidiaries
              to, directly or indirectly, (a) enter into any transaction with any Affiliate of a Loan Party (other than transactions between or among Loan Parties and their Subsidiaries; provided that, if a Loan Party is a party to such
              transaction, such transaction shall be on an arm’s-length basis or the terms of such transaction shall be at least as favorable, taken as a whole, to such Loan Party as they are to such Subsidiary that is a party to such transaction), (b) pay
              any management, consulting or similar fees to any of the foregoing, (c) pay or reimburse any of the foregoing for any costs, expenses and similar items, or (d) make any indemnification payments to any such Person, except in each case of the
              foregoing clauses (a) through (e), (i) in the ordinary course of business and pursuant to the reasonable requirements of the business of such Loan Party or such Subsidiary upon fair and reasonable terms no less favorable to
              such Loan Party or such Subsidiary than would be obtained in a comparable arm’s length transaction with a Person that is not an Affiliate of Borrower or such Subsidiary, (ii) customary compensation and indemnification of, and other employment
              arrangements with, directors, officers and employees of the Borrower or any Subsidiary in the ordinary course of business and (iii) transactions in connection with any bona fide equity financing transaction not prohibited hereunder.

             

            Section 7.5.     Conduct of Business.  No Loan Party shall, and no Loan Party shall permit any of its Subsidiaries to, directly
              or indirectly, engage in any line of business materially different from those lines of business carried on by it on the Closing Date other than any business reasonably related, complementary, ancillary, supplemental or incidental thereto or
              any reasonable extension thereof.

             

            Section 7.6.     Amendments to Organizational Documents.  No Loan Party shall, and no Loan Party shall permit any of its
              Subsidiaries to, directly or indirectly, amend, restate, supplement, change, replace or otherwise modify (or waive or consent to any diversions from, or actions or inactions affecting) any of its Organizational Documents, in each case other
              than (a) (i) amendments or other modifications to a Loan Party’s or Subsidiary’s Organizational Documents required under this Agreement and (ii) such amendments or modifications to a Loan Party’s or Subsidiary’s Organizational Documents that
              would not adversely affect the rights or remedies of the Lender in any material respect, or (b) amendments or other modifications to a Loan Party’s or Subsidiary’s Organizational Documents contemplated by the Merger Agreement.

             

            Section 7.7.      Accounting Changes.  No Loan Party shall, and no Loan Party shall suffer or permit any of its Subsidiaries to,
              (a) make any significant change in accounting treatment or reporting practices, except as required by GAAP, or (b) change the fiscal year or method for determining the fiscal quarters of any Loan Party or of any Subsidiary of any Loan Party
              (other than for the purpose of conforming the fiscal year of any Subsidiary to that of the Borrower).

             

            Section 7.8.     Payments of Qualifying Unsecured Debt.  No Loan Party shall, nor shall it permit any of its Affiliates to,
              directly or indirectly, purchase, redeem or defease earlier than scheduled or prepay any principal of, premium, if any, interest or other amount payable in respect of any Qualifying Unsecured Debt, except (i) the Deerfield Convertible
              Indebtedness, (ii) upon any exchange or conversion of any such Indebtedness by the holders thereof pursuant to its terms, the Borrower may pay or prepay the principal on such Indebtedness subject to such conversion, and interest with respect
              thereto, but only in Stock (other than Disqualified Stock) of the Borrower (or cash in lieu of fractional shares of Stock of the Borrower), (iii) in connection with any refinancing thereof with the proceeds of Qualifying Unsecured Debt, (iv)
              in connection with the settlement, repayment, redemption, retirement or acquisition for value of any such Indebtedness in exchange for shares of Stock of the Borrower (other than Disqualified Stock), together with cash in lieu of fractional
              shares and cash payments in respect of any current accrued and unpaid cash interest on any such Indebtedness, and (v) in connection with the repurchase, redemption, retirement or acquisition for value of any such Indebtedness with the
              proceeds of any substantially concurrent offering of Stock of the Borrower (other than Disqualified Stock).

             

            
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            Section 7.9.     OFAC; Patriot Act; Anti-Corruption Laws.  No Loan Party shall, and no Loan Party shall permit any of its
              Subsidiaries to, directly or indirectly, violate in any material respect the laws, regulations and executive orders referred to in Section 3.24.  No Loan Party or Subsidiary of a Loan Party, nor to the knowledge of any Loan Party or
              any of its Subsidiaries, any director, officer, agent, employee or other Person acting on behalf of any Loan Party or any such Subsidiary, will request or use the proceeds of any Loan, directly or indirectly, (a) for any payments to any
              Person, including any government official or employee, political party, official of a political party, candidate for political office or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any
              improper advantage, or otherwise take any action, directly or indirectly, that would result in a violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or
              with any Person on the SDN List or a government of a Sanctioned Country, to the extent such activities, business or transaction would be prohibited by applicable Sanctions, or (c) in any manner that would result in the violation of any
              Sanctions applicable to any party hereto.  Furthermore, the Loan Parties will not, and will not permit their Subsidiaries to, directly or indirectly, use the proceeds of the transaction, or lend, contribute or otherwise make available such
              proceeds to any Subsidiary, Affiliate, joint venture partner or other Person, to fund any activities of, or business with, any Person, or in any country or territory, that, in each case, at the time of such funding, is the subject of
              Sanctions prohibiting such funding, or in any other manner that will result in a violation by any Person participating in the transaction of any Sanctions.

             

            Section 7.10.    Restricted Payments.  No Loan Party shall, nor shall it permit any of its Subsidiaries to, directly or
              indirectly, make any Restricted Payments, except that:

             

            (a)        (i) the Borrower may declare and make dividend payments or other distributions payable solely in its Stock and (ii) any Subsidiary of a Borrower may declare and
              pay dividends to a Borrower or any other Subsidiary of a Borrower;

             

            (b)        (i) repurchases of Stock deemed to occur upon the exercise of stock options, warrants or other convertible or exchangeable securities if such Stock represents a
              portion of the exercise, conversion or exchange price thereof, and (ii) repurchases of Stock deemed to occur upon the withholding of a portion of the Stock granted or awarded to a current or former officer, director, employee or consultant to
              pay for the taxes payable by such person upon such grant or award (or upon vesting thereof);

             

            (c)       Restricted Payments with the proceeds received from the substantially concurrent issuance of Stock of the Borrower (other than Disqualified Stock);

             

            
              46

              
                

            

            (d)         Permitted Equity Swaps relating to any convertible note issuance of the Borrower permitted under Section 7.3;

             

            (e)         dividends on Disqualified Stock constituting Indebtedness so long as such Indebtedness is permitted under Section 7.3; and

             

            so long as no Default or Event of Default has occurred and is continuing, the Borrower may repurchase its Stock from current or former officers, employees or directors of the Borrower and its
              Subsidiaries (or their permitted transferees or estates) upon their death, disability or termination of employment in an aggregate amount not to exceed $1,000,000 in any fiscal year of the Borrower.

             

            Section 7.11.   Burdensome Agreements and Negative Pledges.  No Loan Party shall, and no Loan Party shall permit any of its
              Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual restriction or encumbrance of any kind on the ability of any Loan Party or Subsidiary to pay dividends or make any other
              distribution on any of such Loan Party’s or Subsidiary’s Stock or to pay fees or make other payments and distributions to any Loan Party or any of its Subsidiaries, except for (a) those in the Facility Documents; (b) those imposed by
              Applicable law; (c) customary provisions restricting subletting or assignment of any lease governing a leasehold interest, or sublicensing or assignment of any licenses, of a Subsidiary; (d) customary provisions restricting assignment of any
              agreement entered into by a Subsidiary in the ordinary course of business (provided that such provision was not implemented for the purposes of avoiding the limitations set forth in this Section 7.11); (e) any Indebtedness permitted
              by Section 7.3 ; (f) any Lien permitted by Section 7.2 restricting the transfer or encumbrance of the property subject thereto; (g) customary restrictions and conditions contained in any agreement relating to any transaction permitted
              under Section 7.1 (provided that such restrictions and conditions were not implemented for the purposes of avoiding the limitations set forth in this Section 7.11); (h) any agreement in effect at the time such Subsidiary
              becomes a Subsidiary of Borrower, so long as such agreement was not entered into in connection with or in contemplation of such person becoming a Subsidiary of Borrower; (i) customary provisions in partnership agreements, limited liability
              company organizational governance documents, asset sale and stock sale agreements and other similar agreements entered into in the ordinary course of business that restrict the transfer of ownership interests in such partnership, limited
              liability company or similar person (provided that such provision was not implemented for the purposes of avoiding the limitations set forth in this Section 7.11); (j) restrictions on cash or other deposits or net worth imposed by
              suppliers or landlords under contracts entered into in the ordinary course of business; (k) any instrument governing any Permitted Acquisition Debt or Permitted Earn-Outs; and (l) any encumbrances or restrictions imposed by any amendments or
              refinancings that are otherwise permitted by the Facility Documents or the contracts, instruments or obligations referred to in clauses (a), (e), (f), (h), (k) or (l) above; provided that such amendments or refinancings are no more
              restrictive in any material respect with respect to such encumbrances and restrictions than those in effect prior to such amendment or refinancing. No Loan Party shall, and no Loan Party shall permit any of its Subsidiaries to, directly or
              indirectly, except pursuant to the Deerfield Subordination Agreement, enter into, assume or become subject to any obligation prohibiting or otherwise restricting the ability of the Borrower and the other Loan Parties to make all payments of
              Obligations under the Facility Documents as and when due and payable or otherwise permitted to be paid.

             

            
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            Section 7.12.    Investment Company Act.  No Loan Party shall, and no Loan Party shall permit any of its Subsidiaries to,
              directly or indirectly, be an “investment company” as such term is defined in the Investment Company Act, or to otherwise be registered under or required to be registered under the Investment Company Act.

             

            ARTICLE 8

              EVENTS OF DEFAULT

             

            Section 8.1.      Events of Default.  Any of the following events, conditions or other occurrences shall constitute an “Event
                of Default”:

             

            (a)       The Borrower or any other Loan Party shall have failed (i) to pay when and as required to be paid herein or in any other Facility Document, any amount of
              principal of any Loan, including upon maturity of the Loans, or (ii) to pay after the same shall become due, interest on any Loan, or any fee or any other amount or Obligation payable hereunder or pursuant to any other Facility Document.

             

            (b)       Any Loan Party shall have failed to comply with or observe any covenant contained in any Facility Document (other than the covenants described in Section
                8.1(a)), and such failure, with respect to this Section 8.1(b) only, shall not have been cured within thirty (30) days after the earlier to occur of (A) the date upon which any officer of any Loan Party or any of its
              Subsidiaries becomes aware of such failure and (B) the date upon which written notice thereof is given to any Loan Party or any of its Subsidiaries by the Lender.

             

            (c)        Any representation or warranty made or deemed made by any Loan Party in any Facility Document shall have been incorrect, false or misleading in any material
              respect (except to the extent that such representation or warranty is qualified by reference to materiality or Material Adverse Effect, to which extent it shall have been incorrect, false or misleading in any respect) as of the date it was
              made or deemed made.

             

            
              48

              
                

            

            (d)        (i) Any Loan Party or any of its Subsidiaries shall generally be unable to pay its debts as such debts become due, or shall admit in writing its inability to pay
              its debts as they come due, or shall make a general assignment for the benefit of creditors or shall declare in writing a moratorium on the payment of its debts in general; (ii) the commencement by any Loan Party or any of its Subsidiaries of
              proceedings to be adjudicated bankrupt or insolvent, or the consent by it to the commencement of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or answer or consent seeking reorganization, intervention or
              other similar relief under any Applicable Law, or the consent by it to the filing of any such petition or to the appointment of an intervenor, receiver, liquidator, assignee, trustee, sequestrator or other similar official of all or
              substantially all of its assets; (iii) the commencement against any Loan Party or any of its Subsidiaries of a proceeding in any court of competent jurisdiction under any bankruptcy or other Applicable Law (as now or hereafter in effect)
              seeking its liquidation, winding up, dissolution, reorganization, arrangement or adjustment, or the appointment of an intervenor, receiver, liquidator, assignee, trustee, sequestrator or other similar official, and any such proceeding shall
              continue undismissed, or any order, judgment or decree approving or ordering any of the foregoing shall continue unstayed or otherwise in effect, for a period of sixty (60) days; (iv) the making by any Loan Party or any of its Subsidiaries of
              an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debt generally as they become due; or (v) any other event shall have occurred that, under any Applicable Law, would have an effect
              analogous to any of those events listed above in this subsection.

             

            (e)       (i) One or more judgments, orders, decrees, arbitration awards or settlements shall be entered or rendered against any Loan Party or any Subsidiary of a Loan
              Party for the payment of money in an aggregate amount exceeding $2,500,000 that is not covered by insurance payable by an independent third-party, non-affiliated insurance company that has been notified of such judgment, order, decree,
              arbitration aware or settlement and has not denied coverage therefor, and either, (A) enforcement proceedings shall have been commenced by any creditor upon any such judgment, order, decree, arbitration award or settlement or (B) such
              judgment, order, decree, arbitration award or settlement shall not have been satisfied, vacated or discharged within thirty (30) days after the entry or providing thereof or there shall not be in effect (by reason of a pending appeal) any
              stay of enforcement thereof within thirty (30) days after the entry or providing thereof, or (ii) one or more non-monetary judgments, orders, decrees, arbitration awards or settlements shall be entered or rendered against any Loan Party or
              any Subsidiary of a Loan Party that would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and, with respect to this clause (ii), there shall be any period of thirty (30) days during which
              such a stay of enforcement of such judgment, order, decree, arbitration award or settlement, by pending appeal or otherwise, shall not be in effect.

             

            
              49

              
                

            

            (f)        Any Loan Party or any Subsidiary of any Loan Party (i) shall fail to make any payment in respect of any Indebtedness (other than the Obligations) having an
              aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than $2,500,000 when due (whether by scheduled maturity,
              required prepayment, acceleration, demand or otherwise) and such failure continues after the applicable grace or notice period, if any, specified in the documents relating thereto on the date of such failure; or (ii) shall fail to perform or
              observe any other condition or covenant, or any other event shall occur or condition exist, under any agreement or instrument relating to any such Indebtedness or more than $2,500,000, if the effect of such failure, event or condition is to
              cause, or to permit the holder or holders of such Indebtedness or beneficiary or beneficiaries of such Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, such Indebtedness to be
              declared to be due and payable (or otherwise required immediately to be prepaid, redeemed, purchased or defeased) prior to its stated maturity (without regard to any subordination terms with respect thereto) or cash collateral in respect
              thereof to be demanded; provided that this clause (g) shall not apply to (w) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, (x) any
              conversion or exchange of any convertible Indebtedness pursuant to its terms unless such conversion or exchange results from a default thereunder or an event of the type that constitutes an Event of Default, (y) any early payment requirement
              or unwinding or termination with respect to any Swap Agreement (other than any such payment requirement or termination resulting from a default by any Loan Party or any Subsidiary), or (z) any Indebtedness acquired or assumed in connection
              with an acquisition that has become due or payable as a result of such acquisition.

             

            (g)       (i) Any material provision of any Facility Document shall for any reason cease to be valid and binding on or enforceable against any Loan Party or any Subsidiary
              of any Loan Party that is a party thereto (other than pursuant to the terms thereof) or (ii) any Loan Party or any Subsidiary of any Loan Party shall announce or state in writing that it will not honor, or shall bring an action to limit, any
              of its obligations or liabilities under any Facility Document.

             

            (h)        Any Loan Party is convicted in any criminal proceedings by any Governmental Authority.

             

            (i)         The occurrence of any Change of Control other than the merger transaction contemplated under the Merger Agreement.

             

            Section 8.2.      Remedies.  Upon the occurrence and during the continuance of any Event of Default the Lender may:

             

            (a)        declare all or any portion of the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or
              payable hereunder or under any other Facility Document to be immediately due and payable; without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by each Loan Party;

             

            (b)        declare all or any portion of any one or more of the commitments of the Lender to make Loans to be suspended or terminated, whereupon all or such portion of such
              commitments shall forthwith be suspended or terminated; and/or

             

            (c)         exercise on behalf of itself and the Lender all rights and remedies available to it and the lenders under the Facility Documents or applicable law;

             

            
              50

              
                

            

            provided, however, upon the occurrence of any event specified in Section 8.1(d) above, the obligation
                of the Lender to make Loans shall automatically terminate and the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable without further act of the Lender.

             

            ARTICLE 9

              MISCELLANEOUS

             

            Section 9.1.     Notices.  Any notices or other information (including an financial information) required or permitted to be
              given under the terms hereof shall be sent by certified or registered mail (return receipt requested) or delivered personally or by courier (including a recognized overnight delivery service) or by email and shall be effective five (5) days
              after being placed in the mail, if mailed by regular United States mail, or upon receipt, if delivered personally or by courier (including a recognized overnight delivery service), or when received by email in each case addressed to a party
              as follows (or such other address or email address provided by such party to such other parties pursuant to the below or such later address or email address provided in accordance herewith):

             

            If to the Borrower or any other Loan Party:

             

            Intersect ENT, Inc.

            1555 Adams Drive

              Menlo Park, CA 94025

            E-mail: pbroderick@intersectent.com

            Attn: Patrick Broderick

             

            

            With a copy to (which shall not be deemed to constitute notice):

             

            Cooley LLP

            101 California Street, 5th Floor

              San Francisco, CA 94111

            E-mail: gmamarca@cooley.com

            Attn: Mischi a Marca

            

            

            If to the Lender:

             

            c/o Medtronic

            710 Medtronic Parkway

            Minneapolis, MN 55432-5604

            E-mail: dj.sardella@medtronic.com

            Attn: DJ Sardella

            

            

            
              51

              
                

            

            With a copy to (which shall not be deemed to constitute notice):

             

            Ropes & Gray LLP

            800 Boylston Street

            Boston, MA 02110

            Email: Tara.Fisher@ropesgray.com;

            Christopher.Comeau@ropesgray.com

            Attn: Tara M. Fisher

            Christopher D. Comeau

            

            

            Section 9.2.      Cost and Expense Reimbursement.  The Loan Parties agree to pay within ten (10) Business Days after delivery of
              an invoice therefor, all reasonable and documented out-of-pocket costs and expenses, including fees, costs and expenses of legal counsel to the Lender and all fees, costs and expenses of accountants, advisors and consultants and costs of
              settlement, incurred by the Lender in enforcing any of the Facility Documents or any Obligations of, or in collecting any payments due from, any Loan Party hereunder or under the other Facility Documents or in connection with any refinancing
              or restructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or pursuant to any proceeding or event of the type set forth in Section 8.1(c), and all reasonable and documented out-of-pocket
              fees, costs and expenses (including costs and expenses of counsel) incurred by the Lender in connection with the enforcement of its rights or remedies under the Facility Documents after the occurrence or during the continuance of an Event of
              Default.  Without limiting any of the foregoing provisions of this Section 9.2, any action taken by any Loan Party under or with respect to any Facility Document, even if required under any Facility Document or at the request of the
              Lender, shall be at the sole expense of such Loan Party, and the Lender shall not be required under any Facility Document to reimburse any Loan Party or any Subsidiary of any Loan Party therefor.  The obligations and provisions contained in
              this Section 9.2 shall survive the termination of this Agreement and the repayment of the Obligations.

             

            Section 9.3.      Governing Law; Venue; Jurisdiction; Service of Process; WAIVER OF JURY TRIAL.

             

            (a)        This Agreement and the other Facility Documents (unless otherwise expressly stated therein) shall be governed by and construed and enforced in accordance with
              the laws of the State of New York.

             

            
              52

              
                

            

            (b)       Each Party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement and,
              unless otherwise expressly stated therein, the other Facility Documents (whether brought against a party hereto or its respective Affiliates, directors, officers, shareholders, employees or agents) shall be commenced exclusively in the state
              and federal courts sitting in the City of New York, borough of Manhattan (and, in each case, the applicable state and federal appeals courts sitting in the City of New York or, if not available or applicable, the State of New York).  Each
              Party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, borough of Manhattan for the adjudication of any dispute hereunder or under the other Facility Documents or in
              connection herewith or with the other Facility Documents or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not
              personally subject to the jurisdiction of any such court, or that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding; provided that nothing in this Agreement or in any other Facility Document
              shall limit the right of the Lender to commence any suit, action or proceeding in federal, state or other court of any other jurisdiction to the extent the Lender determines that such suit, action or proceeding is necessary or appropriate to
              exercise its rights or remedies under this Agreement or any of the other Facility Documents.

             

            (c)        Each Party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy
              thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such Party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service
              of process and notice thereof.  Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

             

            (d)        THE PARTIES HERETO, TO THE EXTENT PERMITTED BY APPLICABLE LAW, HEREBY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR
                PROCEEDING ARISING OUT OF, IN CONNECTION WITH OR RELATING TO, THIS AGREEMENT, THE OTHER FACILITY DOCUMENTS AND ANY OTHER TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY.  THIS WAIVER APPLIES TO ANY ACTION, SUIT OR PROCEEDING WHETHER SOUNDING
                IN TORT, CONTRACT OR OTHERWISE.  EACH PARTY HERETO (A) CERTIFIES THAT NO OTHER PARTY AND NO AGENT, REPRESENTATIVE OR OTHER PERSON AFFILIATED WITH OR RELATED TO ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
                WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THE FACILITY DOCUMENTS, AS APPLICABLE, BY THE MUTUAL WAIVERS AND
                CERTIFICATIONS IN THIS SECTION 9.3.  EACH OF THE PARTIES HERETO REPRESENT AND WARRANT THAT IT HAS HAD THE OPPORTUNITY TO REVIEW THE JURY WAIVER
                CONTAINED IN THIS SECTION 9.3 WITH LEGAL COUNSEL.

             

            Section 9.4.      Successors and Assigns.

             

            (a)       Except as provided for in Section 9.4(b), this Agreement shall bind and inure to the respective successors and permitted assigns of the Parties, except
              that no Party may assign or otherwise transfer all or any part of its rights or obligations (including the Obligations) under the Facility Documents without the prior written consent of the other Party, and any prohibited assignment by any of
              the Parties shall be absolutely void ab initio.

             

            
              53

              
                

            

            (b)       The Lender may not assign or transfer its rights or the Obligations owing to it under the Facility Documents (other than to Lender’s Subsidiaries) without the
              consent of the Loan Parties, such consent not to be unreasonably delayed or withheld; provided that the Loan Parties may withhold consent in their sole discretion if the assignee or transferee is a Disqualified Lender.  Upon a
              Lender’s assignment of any of the Loans held by it (in accordance with this Section 9.4(b)), the transferee shall (to the extent of the interests transferred to such transferee) have all the rights and obligations of, and shall be
              deemed, the Lender with respect to such Loan hereunder or under the other Facility Documents.  For the avoidance of doubt, each assignment or transfer of the rights or Obligations of the Lender shall be subject only to the following
              conditions: (i) the parties to each assignment or transfer shall execute and deliver to the Lender an Assignment and Assumption and, (ii) upon the reasonable request by the Lender, the assignee or transferee shall provide all documentation
              and other information reasonably determined by the Lender to be required by applicable regulatory authorities required under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act.

             

            (c)         In addition to the other rights provided in this Section 9.4, the Lender may grant a security interest in, or otherwise assign as collateral, any of its
              rights under the Facility Documents, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to any holder of, or trustee for the benefit of the holders of, the Lender’s Indebtedness or
              equity securities.

             

            Section 9.5.      Entire Agreement; Amendments.

             

            (a)        The Facility Documents contain the entire understanding of the Parties with respect to the matters covered thereby and supersede any and all other written and
              oral communications, negotiations, commitments and writings with respect thereto.

             

            (b)        No amendment, restatement, modification, supplement, change, termination or waiver of any provision of this Agreement or the other Facility Documents, and no
              consent to any departure by any Loan Party therefrom shall in any event be effective without the written concurrence of the Borrower and the Lender.

             

            Section 9.6.     Severability.  If any provision of this Agreement or any of the other Facility Documents shall be invalid,
              illegal or unenforceable in any respect under any law, the validity, legality and enforceability of the remaining provisions hereof or thereof shall not in any way be affected or impaired thereby.  The Parties shall endeavor in good faith
              negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provision.

             

            
              54

              
                

            

            Section 9.7.     Counterparts.  This Agreement may be executed in several counterparts, and by each Party on separate
              counterparts, each of which and any photocopies, facsimile copies and other electronic methods of transmission thereof shall be deemed an original, but all of which together shall constitute one and the same agreement.

             

            Section 9.8.    Survival of Representations and Warranties.  All representations and warranties made in the Facility Documents,
              and in any document, certificate or statement delivered pursuant thereto or in connection therewith shall survive the execution and delivery of this Agreement and the other Facility Documents and the making of the Loans hereunder or
              thereunder (and shall continue to be made in accordance with the terms hereof and thereof after) regardless of any investigation made by any such other Party or on its behalf.

             

            Section 9.9.      No Waiver; Remedies Cumulative.  No failure or delay on the part of the Lender in the exercise of any power,
              right or privilege hereunder or under any other Facility Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power,
              right or privilege preclude other or further exercise thereof or of any other power, right or privilege.  All rights and remedies existing under this Agreement and the other Facility Documents are cumulative to, and not exclusive of, any
              rights or remedies otherwise available.

             

            Section 9.10.    Indemnity.

             

            (a)       The Loan Parties shall, at all times, (1) indemnify and hold harmless (the “Indemnity”) the Lender, each of its respective Affiliates, and each of its
              respective directors, partners, officers, employees, agents, counsel and advisors (each, an “Indemnified Person”) in connection with any claims or proceedings (including the reasonable and documented attorneys’ fees incurred in
              defending against such claims or proceedings) arising out of, or relating to, the Facility Documents, the extension of credit under the Facility Documents or the Loans or the other Obligations, the use or intended use of the Loans or the
              other Obligations, that an Indemnified Person may incur or to which an Indemnified Person may become subject (each, a “Loss”), and (2) reimburse each Indemnified Person for any legal or other fees and expenses reasonably incurred by
              such Indemnified Person in connection with investigating, preparing, pursuing, responding to, complying with, or participating in (including as a deponent or witness), or defending against, any indemnifiable matter (collectively
              “Indemnifiable Expenses”), or in connection with the enforcement of this provision with respect to any of the above, as such Indemnifiable Expenses are incurred.  The Indemnity and reimbursement of Indemnifiable Expenses shall not be
              available to any Indemnified Person to the extent that a court or arbitral tribunal of competent jurisdiction issues a final and non-appealable judgment that such Loss resulted from the gross negligence or willful misconduct of such
              Indemnified Person.  The Indemnity and reimbursement of Indemnifiable Expenses is independent of, and in addition to, any other agreement of any Party under any other Facility Document to indemnify or any amount to the Lender, and any
              exclusion of any obligation to pay any amount under this Section 9.10(a) shall not affect the requirement to pay such amount under any other section or provision hereof or under any other agreement, instrument or document.  For the
              avoidance of doubt, this Section 9.10 shall not apply to Taxes, other than Indemnified Taxes and any Taxes arising from any non-Tax claim.

             

            
              55

              
                

            

            (b)        An Indemnified Person shall have the right to retain its own legal counsel with the fees, costs and expenses of such legal counsel and of such Indemnified Person
              to be paid by the Loan Parties.  The indemnification required by this Section 9.10 shall be made and paid by such Loan Parties as Losses are incurred within ten (10) Business Days of written demand by such Indemnified Person.

             

            (c)        No settlement of (or any other agreement or arrangement related to) any Loss shall be entered into by any Loan Party or any of its Subsidiaries without the prior
              written consent of the applicable Indemnified Person.

             

            (d)        No Loan Party shall, nor shall it permit any of its Subsidiaries to, assert, and each Loan Party on behalf of itself and its Subsidiaries, hereby waives, any
              claim, loss or amount against any Indemnified Person with respect to any 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 or
              any of the other Facility Documents or any undertaking or transaction contemplated hereby or thereby.  No Indemnified Person 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 any of the other Facility Documents or the transactions contemplated hereby or thereby.

             

            Section 9.11.   No Usury.  Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any
              of the Obligations, including all charges or fees in connection therewith deemed in the nature of interest under applicable law shall not exceed the highest rate permitted by Applicable Law.  If the rate of interest (determined without regard
              to the preceding sentence) under this Agreement at any time exceeds the highest lawful rate permitted by Applicable Law, the outstanding amount of the Loans made hereunder shall bear interest at the highest lawful rate permitted by Applicable
              Law until the total amount of interest due hereunder equals the amount of interest that would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect.  Accordingly, if the Lender
              contracts for, charges, or receives any consideration that constitutes interest in excess of the highest lawful rate permitted by Applicable Law, then any such excess shall be cancelled automatically and, if previously paid, shall at the
              Lender’s option be applied to the outstanding amount of the Loans made hereunder or be refunded to the Loan Parties.

             

            Section 9.12.    Specific Performance.  The Loan Parties agree (and agree on behalf of their Subsidiaries) that irreparable
              damage, for which monetary relief, even if available, would not be an adequate remedy, would occur in the event that any provision of the Facility Documents is not performed in accordance with its specific terms or is otherwise breached.  In
              light of the foregoing, the Loan Parties hereby agree that the Lender shall be entitled to an injunction, specific performance or other equitable relief to prevent breaches of the Facility Documents and to enforce specifically the terms and
              provisions hereof and thereof without proof of damages or otherwise and without any obligation to post a bond or other security.

             

            
              56

              
                

            

            Section 9.13.   USA Patriot Act.  The Lender hereby notifies the Loan Parties that pursuant to the requirements of the USA
              Patriot Act, it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow the Lender to identify each Loan
              Party in accordance with the USA Patriot Act.

             

            Section 9.14.    No Third Parties Benefited.  This Agreement is made and entered into for the sole protection and legal benefit
              of the Loan Parties and the Lender and their successors and permitted assigns, and no other Person shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with, this Agreement
              or any of the other Facility Documents.  The Lender shall not have any obligation to any Person not a party to this Agreement or the other Facility Documents.

             

            Section 9.15.   Binding Effect.  This Agreement shall become effective when it shall have been executed by each of the Loan
              Parties party hereto and the Lender and such executed counterparts have been delivered to the Lender pursuant to the terms of this Agreement.

             

            Section 9.16.    Marshaling; Payments Set Aside.  The Lender shall not be under any obligation to marshal any property in favor
              of any Loan Party or any other Person or against or in payment of any Obligation.  To the extent that the Lender receives a payment from the Borrower, from any other Loan Party, from the exercise of its rights of setoff, from any enforcement
              action or otherwise, and such payment is subsequently, in whole or in part, invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party, then to the extent of such
              recovery, the obligation or part thereof originally intended to be satisfied, and all rights and remedies therefor shall be revived and continued in full force and effect as if such payment had not occurred.

             

            Section 9.17.    Right of Setoff.  The Lender and each of its Affiliates is hereby authorized, without notice or demand (each of
              which is hereby waived by each Loan Party), at any time and from time to time during the continuance of any Event of Default and to the fullest extent permitted by Applicable Law, to set off and apply any and all deposits (whether general or
              special, time or demand, provisional or final) at any time held and other Indebtedness, claims or other obligations at any time owing by the Lender or any of its Affiliates to or for the credit or the account of the Borrower or any other Loan
              Party against any Obligation of any Loan Party now or hereafter existing, whether or not any demand was made under any Facility Document with respect to such Obligation and even though such Obligation may be unmatured.  The rights under this
              Section 9.17 are in addition to any other rights and remedies (including other rights of setoff) that the Lender or any of its Affiliates may have.

             

            [SIGNATURE PAGE FOLLOWS]

             

            
              57

              
                

            

            IN WITNESS WHEREOF, the Parties have caused this Agreement, including the jury waiver contained herein, to be duly executed as of the first day written above.

             

            	
                    BORROWER:

                  
	 
	
                    INTERSECT ENT, INC.,

                  
	
                    a Delaware corporation

                  
	 

            	
                    By:

                  	
                    /s/ Richard A. Meier

                  	 

            	
                    Name: Richard A. Meier

                  
	
                    Title: Chief Financial Officer

                  
	 
	
                    LENDER:

                  
	 
	
                    MEDTRONIC, INC.,

                  
	
                    a Delaware corporation

                  
	 

            	
                    By:

                  	
                    /s/ Christopher M. Cleary

                  	 

            	
                    Name: Christopher M. Cleary

                  
	
                    Title: Vice President, Corporate DevelopmentEXHIBIT 4.4

    

    

    THE YORK WATER COMPANY

    

    

    AND

    

    

    ___________________________,

    

    

    TRUSTEE

    

    

    INDENTURE

    

    

    DATED AS OF

    

    

    _______, 20__

    

    

    DEBT SECURITIES

    

    

    
      - 1 -

      
        

    

     

    

    THE YORK WATER COMPANY

    

    

    RECONCILIATION AND TIE BETWEEN TRUST INDENTURE ACT OF 1939

    

    

    AND INDENTURE, DATED AS OF _______ ___, 20__

    

    

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

    

      
        	
                Section of Trust Indenture Act of 1939

              	
                Section(s) of Indenture

              
	 	 
	
                § 310(a)(1)

              	
                609

              
	
                (a)(2)

              	
                609

              
	
                (a)(3)

              	
                Not Applicable

              
	
                (a)(4)

              	
                Not Applicable

              
	
                (a)(5)

              	
                609

              
	
                (b)

              	
                608, 610

              
	
                § 311(a)

              	
                613

              
	
                (b)

              	
                613

              
	
                (c)

              	
                Not Applicable

              
	
                § 312(a)

              	
                701, 702 (a)

              
	
                (b)

              	
                702 (b)

              
	
                (c)

              	
                702 (b)

              
	
                § 313(a)

              	
                703 (a)

              
	
                (b)

              	
                703 (a)

              
	
                (c)

              	
                703 (a)

              
	
                (d)

              	
                703 (b)

              
	
                § 314(a)

              	
                704, 1005

              
	
                (b)

              	
                Not Applicable

              
	
                (c)(1)

              	
                103

              
	
                (c)(2)

              	
                103

              
	
                (c)(3)

              	
                Not Applicable

              
	
                (d)

              	
                Not Applicable

              
	
                (e)

              	
                103

              
	
                § 315(a)

              	
                601 (a)

              
	
                (b)

              	
                602

              
	
                (c)

              	
                601 (b)

              
	
                (d)

              	
                601 (c)

              
	
                (d)(1)

              	
                601 (c) (1)

              
	
                (d)(2)

              	
                601 (c) (2)

              
	
                (d)(3)

              	
                601 (c) (3)

              
	
                (e)

              	
                511

              
	
                § 316(a)(1)(A)

              	
                505

              
	
                (a)(1)(B)

              	
                504

              
	
                (a)(2)

              	
                Not Applicable

              
	
                (a)(last sentence)

              	
                101

              
	
                (b)

              	
                507

              
	
                (c)

              	
                105

              
	
                § 317(a)(1)

              	
                503

              
	
                (a)(2)

              	
                509

              
	
                (b)

              	
                1003

              
	
                § 318(a)

              	
                108

              
	
                (b)

              	
                Not Applicable

              
	
                (c)

              	
                108

              

      

      

    

    
      - 2 -

      
        

    

    TABLE OF CONTENTS

     

    Page

     

    
      	
              ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

            	
              7

            
	
               

            	 
	
              SECTION 101. 

            	
              DEFINITIONS

            	
              7

            
	
              SECTION 102.

            	
              INCORPORATIONBYREFERENCEOFTRUSTINDENTUREACT

            	
              13

            
	
              SECTION 103.

            	
              COMPLIANCECERTIFICATESANDOPINIONS

            	
              14

            
	
              SECTION 104.

            	
              FORMOFDOCUMENTSDELIVEREDTOTRUSTEE

            	
              14

            
	
              SECTION 105.

            	
              ACTSOFHOLDERS;RECORDDATES

            	
              15

            
	
              SECTION 106.

            	
              NOTICES,ETC.,TOTRUSTEEANDCOMPANY

            	
              15

            
	
              SECTION 107.

            	
              NOTICETOHOLDERS;WAIVER

            	
              16

            
	
              SECTION 108.

            	
              CONFLICTWITHTRUSTINDENTUREACT

            	
              16

            
	
              SECTION 109.

            	
              EFFECTOFHEADINGSANDTABLEOFCONTENTS

            	
              17

            
	
              SECTION 110.

            	
              SUCCESSORSANDASSIGNS

            	
              17

            
	
              SECTION 111.

            	
              SEPARABILITYCLAUSE

            	
              17

            
	
              SECTION 112.

            	
              BENEFITSOFINDENTURE

            	
              17

            
	
              SECTION 113.

            	
              GOVERNINGLAW

            	
              17

            
	
              SECTION 114.

            	
              LEGALHOLIDAYS

            	
              17

            
	
              SECTION 115.

            	
              CORPORATEOBLIGATION

            	
              17

            
	
              SECTION 116.

            	
              WAIVEROFTRIALJURY

            	
              17

            
	
              SECTION 117.

            	
              FORCEMAJEURE

            	
              18

            
	
               

            	 	
               

            
	
              ARTICLE II SECURITY FORMS

            	
              18

            
	
               

            	 
	
              SECTION 201.

            	
              FORMSGENERALLY

            	
              18

            
	
              SECTION 202.

            	
              FORMOFTRUSTEE’SCERTIFICATEOFAUTHENTICATION

            	
              18

            
	
              SECTION 203.

            	
              SECURITIESINGLOBALFORM

            	
              18

            
	
              SECTION 204.

            	
              BOOK-ENTRYSECURITIES

            	
              19

            
	
               

            	 	
               

            
	
              ARTICLE III THE SECURITIES

            	
              21

            
	
               

            	 
	
              SECTION 301.

            	
              AMOUNTUNLIMITED;ISSUABLEINSERIES

            	
              21

            
	
              SECTION 302.

            	
              DENOMINATIONS.

            	
              23

            
	
              SECTION 303.

            	
              EXECUTION,AUTHENTICATION,DELIVERYANDDATING

            	
              23

            
	
              SECTION 304.

            	
              TEMPORARYSECURITIES

            	
              24

            
	
              SECTION 305.

            	
              REGISTRATION,REGISTRATIONOFTRANSFERANDEXCHANGE

            	
              24

            
	
              SECTION 306.

            	
              MUTILATED,DESTROYED,LOSTANDSTOLENSECURITIES

            	
              26

            
	
              SECTION 307.

            	
              PAYMENTOFINTEREST;INTERESTRIGHTSPRESERVED

            	
              26

            
	
              SECTION 308.

            	
              PERSONSDEEMEDOWNERS

            	
              27

            
	
              SECTION 309.

            	
              CANCELLATION

            	
              27

            
	
              SECTION 310.

            	
              COMPUTATIONOFINTEREST

            	
              28

            
	
              SECTION 311.

            	
              CUSIPNUMBERS

            	
              28

            

    

     

    

    
      
        - 3 -

        
          

      

      

      

      	
              ARTICLE IV SATISFACTION AND DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE

            	28 
	 	 	 
	
              SECTION 401.

            	
              SATISFACTION AND DISCHARGE OF INDENTURE

            	28 
	
              SECTION 402.

            	
              OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE

            	29 
	
              SECTION 403.

            	
              LEGAL DEFEASANCE AND DISCHARGE

            	29 
	
              SECTION 404.

            	
              COVENANT DEFEASANCE

            	29 
	
              SECTION 405.

            	
              CONDITIONS TO LEGAL OR COVENANT DEFEASANCE

            	30 
	
              SECTION 406.

            	
              DEPOSITED MONEY AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS

            	31 
	
              SECTION 407.

            	
              REPAYMENT TO COMPANY

            	31 
	
              SECTION 408.

            	
              REINSTATEMENT

            	31 
	 	 	 
	
              ARTICLE V REMEDIES

            	32 
	 	 	 
	
              SECTION 501.

            	
              EVENTS OF DEFAULT

            	32 
	
              SECTION 502.

            	
              ACCELERATION

            	33 
	
              SECTION 503.

            	
              OTHER REMEDIES

            	33 
	
              SECTION 504.

            	
              WAIVER OF PAST DEFAULTS

            	33 
	
              SECTION 505.

            	
              CONTROL BY MAJORITY

            	33 
	
              SECTION 506.

            	
              LIMITATION ON SUITS

            	34 
	
              SECTION 507.

            	
              RIGHTS OF HOLDERS OF SECURITIES TO RECEIVE PAYMENT

            	34 
	
              SECTION 508.

            	
              COLLECTION SUIT BY TRUSTEE

            	34 
	
              SECTION 509.

            	
              TRUSTEE MAY FILE PROOFS OF CLAIM

            	35 
	
              SECTION 510.

            	
              PRIORITIES

            	35 
	
              SECTION 511.

            	
              UNDERTAKING FOR COSTS

            	35 
	 	 	 
	
              ARTICLE VI THE TRUSTEE

            	36 
	 	 	 
	
              SECTION 601.

            	
              CERTAIN DUTIES AND RESPONSIBILITIES

            	36 
	
              SECTION 602.

            	
              NOTICE OF DEFAULTS

            	37 
	
              SECTION 603.

            	
              CERTAIN RIGHTS OF TRUSTEE

            	37 
	
              SECTION 604.

            	
              NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES

            	38 
	
              SECTION 605.

            	
              MAY HOLD SECURITIES

            	38 
	
              SECTION 606.

            	
              MONEY HELD IN TRUST

            	38 
	
              SECTION 607.

            	
              COMPENSATION AND REIMBURSEMENT

            	38 
	
              SECTION 608.

            	
              DISQUALIFICATION; CONFLICTING INTERESTS

            	39 
	
              SECTION 609.

            	
              CORPORATE TRUSTEE REQUIRED; ELIGIBILITY

            	39 
	
              SECTION 610.

            	
              RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR

            	40 
	
              SECTION 611.

            	
              ACCEPTANCE OF APPOINTMENT BY SUCCESSOR

            	41 
	
              SECTION 612.

            	
              MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS

            	41 
	
              SECTION 613.

            	
              PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY

            	41 
	
              SECTION 614.

            	
              APPOINTMENT OF AUTHENTICATING AGENT

            	42 

      

      

      
        - 4 -

        
          

      

      

      

      	
              ARTICLE VII HOLDER’S LISTS AND REPORTS BY TRUSTEE AND COMPANY

            	43 
	 	 	 
	
              SECTION 701.

            	
              COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF HOLDERS

            	43 
	
              SECTION 702.

            	
              PRESERVATION OF INFORMATION; COMMUNICATIONS TO HOLDERS

            	43 
	
              SECTION 703.

            	
              REPORTS BY TRUSTEE

            	43 
	
              SECTION 704.

            	
              REPORTS BY COMPANY

            	44 
	 	 	 
	
              ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

            	44 
	 	 	 
	
              SECTION 801.

            	
              COMPANY MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS

            	44 
	
              SECTION 802.

            	
              SUCCESSOR PERSON SUBSTITUTED

            	45 
	 	 	 
	
              ARTICLE IX SUPPLEMENTAL INDENTURES

            	46 
	 	 	 
	
              SECTION 901.

            	
              WITHOUT CONSENT OF HOLDERS

            	45 
	
              SECTION 902.

            	
              WITH CONSENT OF HOLDERS

            	46 
	
              SECTION 903.

            	
              COMPLIANCE WITH TRUST INDENTURE ACT

            	47 
	
              SECTION 904.

            	
              REVOCATION AND EFFECT OF CONSENTS

            	47 
	
              SECTION 905.

            	
              NOTATION ON OR EXCHANGE OF SECURITIES

            	47 
	
              SECTION 906.

            	
              TRUSTEE TO SIGN AMENDMENTS, ETC.

            	47 
	 	 	 
	
              ARTICLE X COVENANTS

            	47 
	 	 	 
	
              SECTION 1001.

            	
              PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST

            	47 
	
              SECTION 1002.

            	
              MAINTENANCE OF OFFICE OR AGENCY

            	48 
	
              SECTION 1003.

            	
              MONEY FOR SECURITIES PAYMENTS TO BE HELD IN TRUST

            	48 
	
              SECTION 1004.

            	
              EXISTENCE

            	49 
	
              SECTION 1005.

            	
              STATEMENT BY OFFICERS AS TO DEFAULT

            	49 
	
              SECTION 1006.

            	
              WAIVER OF CERTAIN COVENANTS

            	49 
	
              SECTION 1007.

            	
              ADDITIONAL AMOUNTS

            	50 
	 	 	 
	
              ARTICLE XI REDEMPTION OF SECURITIES

            	50 
	 	 	 
	
              SECTION 1101.

            	
              APPLICABILITY OF ARTICLE

            	50 
	
              SECTION 1102.

            	
              ELECTION TO REDEEM; NOTICE TO TRUSTEE

            	50 
	
              SECTION 1103.

            	
              SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED

            	50 
	
              SECTION 1104.

            	
              NOTICE OF REDEMPTION

            	51 
	
              SECTION 1105.

            	
              DEPOSIT OF REDEMPTION PRICE

            	51 
	
              SECTION 1106.

            	
              SECURITIES PAYABLE ON REDEMPTION DATE

            	52 
	
              SECTION 1107.

            	
              SECURITIES REDEEMED IN PART

            	52 
	
              SECTION 1108.

            	
              PURCHASE OF SECURITIES

            	52 

      

      

      
        - 5 -

        
          

      

      

      

      	
              ARTICLE XII SINKING FUNDS

            	52 
	 	 	 
	
              SECTION 1201.  

                

            	
              APPLICABILITY OF ARTICLE

            	52 
	
              SECTION 1202.

            	
              SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES

            	53 
	
              SECTION 1203.

            	
              REDEMPTION OF SECURITIES FOR SINKING FUND

            	53 
	 	 	 
	
              ARTICLE XIII MEETINGS OF HOLDERS OF SECURITIES

            	53 
	 	 	 
	
              SECTION 1301.

            	
              PURPOSES FOR WHICH MEETINGS MAY BE CALLED

            	53 
	
              SECTION 1302.

            	
              CALL, NOTICE AND PLACE OF MEETINGS

            	53 
	
              SECTION 1303.

            	
              PERSONS ENTITLED TO VOTE AT MEETINGS

            	54 
	
              SECTION 1304.

            	
              QUORUM; ACTION

            	54 
	
              SECTION 1305.

            	
              DETERMINATION OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS

            	54 
	
              SECTION 1306.

            	
              COUNTING VOTES AND RECORDING ACTION OF MEETINGS

            	55 

      

      

    

    
      - 6 -

      
        

    

    

    INDENTURE

    

    

    THIS Indenture, dated as of _________ ___, 20__, between The York Water Company, a corporation duly organized and existing under the laws of the
      Commonwealth of Pennsylvania (herein called the “Company”), having its principal office at 130 East Market Street, York, PA 17401, and, ____________, a ______ banking corporation, as Trustee (herein called the “Trustee”) the office of the Trustee at
      which at the date hereof its corporate trust business is principally administered being _____________________.

    

    

    RECITALS OF THE COMPANY

    

    

    The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its unsecured debentures,
      notes or other evidences of indebtedness (herein called the “Securities”), to be issued in one or more series as in this Indenture provided.

    

    

    The Securities of each series will be in such form as may be established by or pursuant to a Board Resolution or in one or more indentures supplemental
      hereto, in each case with such appropriate insertions, omissions, substitutions, and other variations as are required or permitted by this Indenture, and may have such letters, numbers, or other marks of identification and such legends or
      endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution of the Securities.

    

    

    This Indenture is subject to the provisions of the Trust Indenture Act and the rules and regulations of the SEC promulgated thereunder that are required to
      be part of this Indenture and, to the extent applicable, shall be governed by such provisions.

    

    

    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 or of series thereof, as follows:

    

    

    ARTICLE I

    

    

    DEFINITIONS AND OTHER PROVISIONS

    OF GENERAL APPLICATION

    

    

    SECTION 101. DEFINITIONS.

    

    

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

    

    

    (1) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular;

    

    

    (2) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles in the
      United States, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted in
      the United States at the date of such computation; and

    

    

    (3) 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 V, are defined in Section 102.

    
      - 7 -

      
        

    

    

    

    “Act” when used with respect to any Holder, has the meaning specified in Section 105.

    

    

    “Additional Amounts” means any additional amounts that are required by the express terms of a Security or by or pursuant to a Board Resolution, under
      circumstances specified therein or pursuant thereto, to be paid by the Company with respect to certain taxes, assessments or other governmental charges imposed on certain Holders and that are owing to such Holders.

    

    

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

    

    

    “Authenticating Agent” means any Person authorized by the Trustee to act on behalf of the Trustee pursuant to Section 614 to authenticate Securities of one
      or more series.

    

    

    “Authorized Newspaper” means a newspaper, 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 the place in connection with which the term is used or in the financial community of such place. Where successive publications are required to be
      made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any Business Day.

    

    

    “Board of Directors” means

    

    

    (1) with respect to a corporation, the board of directors of the corporation;

    

    

    (2) with respect to a partnership, the board of directors of the general partner of the partnership; and

    

    

    (3) with respect to any other Person, the board or committee of such Person serving a similar function.

    

    

    “Board Resolution” means, with respect to any Person, a resolution of such Person duly adopted by the Board of Directors of such Person and in full force
      and effect.

    

    

    “Book-Entry Security” has the meaning specified in Section 204.

    

    

    “Business Day,” when used with respect to any Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which
      banking institutions in that Place of Payment or the city in which the Corporate Trust Office is located are authorized or obligated by law or executive order to close.

    

    

    “Capital Stock” means:

    

    

    (i) in the case of a corporation, corporate stock;

    

    

    (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of
      corporate stock;

    

    

    (iii) in the case of a partnership or limited liability company, partnership or membership interests (whether general or limited); and

    

    

    (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of,
      the issuing Person.

    
      - 8 -

      
        

    

    

    

    

    

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

    

    

    “Company Request” and “Company Order” mean, respectively, a written request or order signed in the name of the Company by its Chairman of the Board, its
      President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Controller, an Assistant Controller, its Secretary or an Assistant Secretary, and delivered to the Trustee.

    

    

    “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall be principally administered,
      which office at the date hereof is that indicated in the introductory paragraph of this Indenture or such other address as the Trustee may designate from time to time by notice to the Holders and the Company.

    

    

    “Currency Agreement” means, with respect to any specified Person, any foreign exchange contract, currency swap agreement or other similar agreement or
      arrangement designed to protect such specified Person against fluctuations in currency values.

    

    

    “Default” means an event or condition the occurrence of which is, or with the lapse of time or the giving of notice or both would be, an Event of Default.

    

    

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

    

    

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

    

    

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

    

    

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

    

    

    “GAAP” means generally accepted accounting principles set forth in the pronouncements of the Financial Accounting Standards Board or in such other
      statements by such other entity as may be approved by a significant segment of the accounting profession of the United States of America, as in effect as of the date of issuance of Securities.

    

    

    “Guarantee” means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect,
      in any manner (including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements), of all or any part of Indebtedness.

    

    

    “Guarantor” means any Subsidiary that incurs a Guarantee.

    

    

    “Hedging Agreement” means, with respect to any Person, any agreement with respect to the hedging of price risk associated with the purchase of commodities
      used in the business of such Person, so long as any such agreement has been entered into in the ordinary course of business and not for purposes of speculation.

    

    

    “Holder” when used with respect to any Security, means the Person in whose name the Security is registered in the Security Register.

    
      - 9 -

      
        

    

    

    

     “Indebtedness” means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent, in respect of:

     

    

    (1) borrowed money;

    

    

    (2) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof) (other than
      obligations with respect to letters of credit securing obligations (other than obligations described in clause (1), (2) and (4) of this definition) entered into in the ordinary course of business of such Person to the extent that such letters of
      credit are not drawn upon);

    

    

    (3) banker’s acceptances;

    

    

    (4) any Lease Obligations;

    

    

    (5) the balance deferred and unpaid of the purchase price of any property, except any such balance that constitutes an accrued expense or trade payable
      incurred in the ordinary course of business; or

    

    

    (6) any Hedging Agreements,

    

    

    if and to the extent any of the preceding items (other than letters of credit and Hedging Agreements) would appear as a liability upon a balance sheet of
      the specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the specified
      Person) and, to the extent not otherwise included, the guarantee by the specified Person of any indebtedness of any other Person.

    

    

    The amount of any Indebtedness outstanding as of any date shall be:

    

    

    (1) the accreted value thereof, in the case of any Indebtedness issued with original issue discount; and

    

    

    (2) the principal amount thereof, together with any interest thereon that is more than 30 days past due, in the case of any other Indebtedness.

    

    

    “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 and the provisions of the Trust Indenture Act that are deemed to be a part of
      and govern this instrument.

    

    

    “Interest Payment Date,” means the Stated Maturity of an installment of interest on such Security.

    

    

    “Interest Swap Obligations,” means the obligations of any Person pursuant to any arrangement with any other Person, whereby directly or indirectly, such
      Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a
      fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, options, caps, floors, collars and similar agreements.

    

    

    “Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect of a lease that would at that time be
      required to be capitalized on a balance sheet in accordance with GAAP.

    

    

    

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

    

    

    “Maturity,” when used with respect to any Security, means 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, call for redemption or otherwise.

    

    

    “Officers’ Certificate” means a certificate signed by the Chairman of the Board, the President or a Vice President, and by the Treasurer, the Controller,
      the Secretary or an Assistant Treasurer, Assistant Controller or Assistant Secretary, of the Company, and delivered to the Trustee, which certificate shall be in compliance with Section 103 hereof.

    
      - 10 -

      
        

    

    

    

    “Opinion of Counsel” means a written opinion of counsel, who may be counsel for or an employee of the Company, rendered, if applicable, in accordance with
      Section 314(c) of the Trust Indenture Act, which opinion shall be in compliance with Section 103 hereof.

    

    

    “Original Issue Discount Security” means any Security that 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 cancelled by the Trustee or delivered to the Trustee for cancellation;

    

    

    (ii) Securities for whose payment or redemption money in the necessary amount has been theretofore irrevocably 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; provided that, if such Securities are to be
      redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; and

    

    

    (iii) Securities that 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;

    

    

    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 whether a quorum is present at a meeting of Holders of Securities, (a) the principal amount of an Original Issue Discount Security that shall be deemed to be
      Outstanding for such purposes shall be the principal amount thereof that would be due and payable as of the date of such determination upon acceleration of the Maturity thereof pursuant to Section 502, (b) the principal amount of a Security
      denominated in a foreign currency shall be the U.S. Dollar equivalent, determined by the Company on the date of original issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the U.S. Dollar
      equivalent, determined on the date of original issuance of such Security, of the amount determined as provided in (a) above), of such Security and (c) 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 relying upon any such request, demand, authorization, direction, notice, consent or waiver
      or upon any such determination as to the presence of a quorum, only Securities which the Trustee 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.

    

    

    “Paying Agent” means any Person, which may include the Company, authorized by the Company to pay the principal of (and premium, if any) or interest on any
      one or more series of Securities on behalf of the Company.

    

    

    “Person” means an individual, partnership, corporation, limited liability company, unincorporated organization, trust or joint venture, or a governmental
      agency or political subdivision thereof.

    

    

    “Place of Payment” when used with respect to the Securities of any series, means the place or places where the principal of (and premium, if any) and
      interest on the Securities of that series are payable as specified in accordance with Section 301 subject to the provisions of Section 1002.

    
      - 11 -

      
        

    

    

    

    “Post-Petition Interest” means any interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy,
      insolvency or reorganization of the Company (or would accrue but for the operation of applicable bankruptcy or insolvency laws), whether or not such interest is allowed or allowable as a claim in any such proceeding.

    

    

    “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 shall be deemed to evidence the same debt as the
      mutilated, destroyed, lost or stolen Security.

    

    

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

    

    

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

    

    

    “Registered Security” means any Security in the form established pursuant to Section 201 which is registered in the Security Register.

    

    

    “Regular Record Date” for the interest payable on any Interest Payment Date on the Registered Securities of any series means the date specified for that
      purpose as contemplated by Section 301, or, if not so specified, the last day of the calendar month preceding such Interest Payment Date if such Interest Payment Date is the fifteenth day of the calendar month or the fifteenth day of the calendar
      month preceding such Interest Payment Date if such Interest Payment Date is the first day of a calendar month, whether or not such day shall be a Business Day.

    

    

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

    

    

    “Securities” has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under
      this Indenture.

    

    

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

    

    

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

    

    

    “Stated Maturity” when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such
      Security 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 specified Person:

    

    

    (i) any corporation of which the outstanding Capital Stock having at least a majority of the votes entitled to be cast in the election
      of directors under ordinary circumstances shall at the time be owned, directly or indirectly by such Person; or

    

    

    (ii) any other Person of which at least a majority of the voting interest under ordinary circumstances is at the time, directly or
      indirectly, owned by such Person.

    
      - 12 -

      
        

    

    

    

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

    

    

    “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed, except as provided in Section
      903.

    

    

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

    

    

    “United States Alien” means any Person who, for United States federal income tax purposes, is a foreign corporation, a nonresident alien individual, a
      nonresident alien or foreign fiduciary of an estate or trust, or a foreign partnership.

    

    

    “U.S. Government Obligations” means direct noncallable obligations of, or noncallable obligations the payment of principal of and interest on which is
      guaranteed by, the United States of America, or to the payment of which obligations or guarantees the full faith and credit of the United States of America is pledged, or beneficial interests in a trust the corpus of which consists exclusively of
      money or such obligations or a combination thereof.

    

    

    “Vice President” when used with respect to the Company or the Trustee, means any vice president, whether or not designated by a number or a word or words
      added before or after the title “vice president”.

    

    

    “Wholly Owned Subsidiary” of any Person means any Subsidiary of such Person of which all the outstanding voting securities (other than in the case of a
      Restricted Subsidiary that is incorporated in a jurisdiction other than a State in the United States of America or the District of Columbia, directors’ qualifying shares or an immaterial amount of shares required to be owned by other Persons pursuant
      to applicable law) are owned by such Person or any Wholly Owned Subsidiary of such Person.

    

    

    “Yield to Maturity” when used with respect to any Original Issue Discount Security, means the yield to maturity, if any, set forth on the face thereof.

    

    

    SECTION 102. INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT.

    

    

    Whenever this Indenture refers to a provision of the Trust Indenture Act, the provision is incorporated by reference in and made a part of this Indenture.
      The following Trust Indenture Act terms used in this Indenture have the following meanings:

    

    

    “Bankruptcy Act” means the Bankruptcy Act or Title 11 of the United States Code, as amended. “indenture securities” means the Securities.

    

    

    “indenture securityholder” means a Holder.

    

    

    “indenture to be qualified” means this Indenture.

    

    

    “indenture trustee” or “institutional trustee” means the Trustee.

    

    

    “obligor” on the indenture securities means the Company or any other obligor on the Securities.

    

    

    All terms used in this Indenture that are defined by the Trust Indenture Act, defined by Trust Indenture Act reference to another statute or defined by SEC
      rule under the Trust Indenture Act and not otherwise defined herein have the meanings assigned to them therein.

    

    

    
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    SECTION 103. COMPLIANCE CERTIFICATES AND OPINIONS.

    

    

    Except as otherwise expressly provided by this Indenture, 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 (including any covenants the compliance with which constitutes a condition precedent), provided for in this
      Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any (including any covenants the compliance with which constitutes a condition
      precedent), have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or
      request, no additional certificate or opinion need be furnished.

    

    

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

    

    

    (1) a statement that each Person signing such certificate or opinion has read such covenant or condition and the definitions herein
      relating thereto;

    

    

    (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in
      such certificate or opinion are based;

    

    

    (3) a statement that, in the opinion of each such Person, such Person has made such examination or investigation as is necessary to
      enable such Person to express an informed opinion as to whether or not such covenant or condition has been complied with; and

    

    

    (4) a statement as to whether or not, in the opinion of each such Person, such condition or covenant has been complied with.

    

    

    SECTION 104. FORM OF DOCUMENTS DELIVERED TO TRUSTEE.

    

    

    In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such
      matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such
      Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents.

    

    

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

    

    

    
      - 14 -

      
        

    

    

    

    SECTION 105. ACTS OF HOLDERS; RECORD DATES.

    

    

    (1) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may
      be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become effective when
      such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are
      herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments and so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or the holding of any Person of a
      Security, shall be sufficient for any purpose of this Indenture and (subject to Section 601) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. The record of any meeting of Holders of Securities shall
      be proved in the manner provided in Section 1306.

    

    

    The Company may set in advance a record date for purposes of determining the identity of Holders of Registered Securities entitled to vote or consent to
      any action by vote or consent authorized or permitted under this Indenture. If not set by the Company prior to the first solicitation of a Holder of Registered Securities of such series made by any Person in respect of any such action, or in the case
      of any such vote, prior to such vote, the record date for any such action or vote shall be the later of 30 days prior to such first solicitation of such consent or the date of the most recent list of Holders furnished to the Trustee prior to such
      solicitation. If a record date is fixed, those Persons who were Holders of Outstanding Registered Securities at such record date (or their duly designated proxies), and only those Persons, shall be entitled with respect to such Securities to take
      such action by vote or consent or to revoke any vote or consent previously given, whether or not such Persons continue to be Holders after such record date. Promptly after any record date is set pursuant to this paragraph, the Company, at its own
      expense, shall cause notice thereof to be given to the Trustee in writing in the manner provided in Section 106 and to the relevant Holders as set forth in Section 107.

    

    

    (2) 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 manner which the Trustee deems sufficient.

    

    

    (3) The principal amount and serial numbers of Registered Securities held by any Person, and the date of holding the same, shall be proved by the Security
      Register.

    

    

    (4) 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 or the Company in reliance thereon,
      whether or not notation of such action is made upon such Security. Any Holder or subsequent Holder may revoke the request, demand, authorization, direction, notice, consent or other Act as to his Security or portion of his Security; provided,
      however, that such revocation shall be effective only if the Trustee receives the notice of revocation before the date the Act becomes effective.

    

    

    SECTION 106. NOTICES, ETC., TO 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 Trust Administration, or

    
      - 15 -

      
        

    

    

    

    (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, Attention: Corporate Secretary.

    

    

    The Company or the Trustee, by notice to the other, may designate additional or different addresses for subsequent notices or communications.

    

    

    All notices and communications (other than those sent to the Trustee) shall be deemed to have been duly given: at the time delivered by hand, if personally
      delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing
      next-day delivery. All notices and communications to the Trustee shall be deemed duly given and effective only upon receipt.

    

    

    Any notice or communication to a Holder shall be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier
      guaranteeing next-day delivery to its address shown on the Security Register. Any notice or communication shall also be so mailed to any Person described in TIA Section 313(c), to the extent required by the TIA. Failure to mail a notice or
      communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.

    

    

    If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it.

    

    

    If the Company mails a notice or communication to Holders, it shall mail a copy to the Trustee and each Agent at the same time.

    

    

    SECTION 107. NOTICE TO HOLDERS; WAIVER.

    

    

    Where this Indenture provides for notice to Holders of Securities of any event, such notice shall be sufficiently given (unless otherwise herein expressly
      provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at the address of such Holder 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 case by reason of the suspension of regular mail service, or by reason of any other cause it shall be impracticable to give such notice to Holders of
      Registered Securities by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. In any case in which 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 of a Registered Security, shall affect the sufficiency of such notice with respect to other Holders of Registered Securities.

    

    

    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.

    

    

    SECTION 108. CONFLICT WITH TRUST INDENTURE ACT.

    

    

    If any provision hereof limits, qualifies or conflicts with any provision of the Trust Indenture Act or another provision hereof required to be included in
      this Indenture by any of the provisions of the Trust Indenture Act, such provision of the Trust Indenture Act shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or
      excluded, the former provision shall be deemed to apply to this Indenture as so modified or to be excluded.

    

    

    
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    SECTION 109. 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 110. SUCCESSORS AND ASSIGNS.

    

    

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

    

    

    SECTION 111. SEPARABILITY CLAUSE.

    

    

    In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
      remaining provisions shall not in any way be affected or impaired thereby.

    

    

    SECTION 112. BENEFITS OF INDENTURE.

    

    

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

    

    

    SECTION 113. GOVERNING LAW.

    

    

    This Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York, but without giving effect to
      applicable principles of conflicts of law to the extent the application of the laws of another jurisdiction would be required thereby.

    

    

    SECTION 114. LEGAL HOLIDAYS.

    

    

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

    

    

    SECTION 115. CORPORATE OBLIGATION.

    

    

    No recourse may be taken, directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of
      the Company or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company’s obligations on the Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other
      writing delivered in connection herewith.

    

    

    SECTION 116. WAIVER OF TRIAL JURY.

    

    

    EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY
      LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

    

    

    
      - 17 -

      
        

    

    

    

    SECTION 117. FORCE MAJEURE.

     

    

    In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder 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 and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume
      performance as soon as practicable under the circumstances.

    

    

    ARTICLE II

    

    

    SECURITY FORMS

    

    

    SECTION 201. FORMS GENERALLY.

    

    

    The Securities of each series shall be Registered Securities and shall be in substantially such form or forms (including temporary or permanent global
      form) as shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this
      Indenture and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by
      the officers executing such Securities, as evidenced by their execution of the Securities. If temporary Securities of any series are issued in global form as permitted by Section 304, the form thereof shall be established as provided in the preceding
      sentence. A copy of the Board Resolution establishing the form or forms of Securities of any series (or any such temporary global Security) shall be 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 (or any such temporary global Security).

    

    

    The definitive Securities shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by
      the officers executing such Securities, as evidenced by their execution thereof.

    

    

    SECTION 202. FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION.

    

    

    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.

    

    

    
      	
               

            	
               

            
	
               

            	
              By: 

            	
              

              

            
	
               

            	 	AUTHORIZED OFFICER”

    

    

    

    SECTION 203. SECURITIES IN GLOBAL FORM.

    

    

    If Securities of a series are issuable in global form, as contemplated by Section 301, then, notwithstanding clause (10) 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 from time to time endorsed
      thereon and that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced 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 instructions given by such Person or Persons as shall be specified in such Security or in a 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 instructions given by the Person or Persons
      specified in such Security or in the applicable Company Order. If a Company Order pursuant to Section 303 or 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 103 and need not be accompanied by an Opinion of Counsel.

    
      - 18 -

      
        

    

    

    

    The provisions of the last sentence of Section 303 shall apply to any 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 103 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 Sections 201 and 307, unless otherwise specified as contemplated by Section 301, payment of principal of (and premium, if
      any) 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 or
      of the Trustee shall treat a Person as the Holder of such principal amount of Outstanding Securities represented by a global Security as shall be specified in a written statement, if any, of the Holder of such global Security, which is produced to
      the Security Registrar by such Holder.

    

    

    Global Securities may be issued in either temporary or permanent form. Permanent global Securities will be issued in definitive form.

    

    

    SECTION 204. BOOK-ENTRY SECURITIES.

    

    

    Notwithstanding any provision of this Indenture to the contrary:

    

    

    (a) At the discretion of the Company, any Registered Security may be issued from time to time, in whole or in part, in permanent global
      form registered in the name of a Depositary, or its nominee. Each such Registered Security in permanent global form is hereafter referred to as a “Book-Entry Security.” Subject to Section 303, upon such election, the Company shall execute, and the
      Trustee or an Authenticating Agent shall authenticate and deliver, one or more Book-Entry Securities that (i) are denominated in an amount equal to the aggregate principal amount of the Outstanding Securities of such series if elected in whole or
      such lesser amount if elected in part, (ii) are registered in the name of the Depositary or its nominee, (iii) are delivered by the Trustee or an Authenticating Agent to the Depositary or pursuant to the Depositary’s instructions and (iv) bear a
      legend in substantially the following form (or such other form as the Depositary and the Company may agree upon):

    

    

    UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF [THE DEPOSITARY], TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE
      OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF [NOMINEE OF THE DEPOSITARY] OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF [THE DEPOSITARY] (AND ANY PAYMENT IS MADE TO [NOMINEE OF THE DEPOSITARY] OR TO
      SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF [THE DEPOSITARY]), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, [NOMINEE OF THE
      DEPOSITARY], HAS AN INTEREST HEREIN.

    

    

    (b) Any Book-Entry Security shall be initially executed and delivered as provided in Section 303. Notwithstanding any other provision of
      this Indenture, unless and until it is exchanged in whole or in part for Registered Securities not issued in global form, a Book-Entry Security may not be transferred except as a whole by the Depositary to a nominee of such Depositary, by a nominee
      of such Depositary to such Depositary or another nominee of such Depositary, or by such Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.

    
      - 19 -

      
        

    

    

    

    (c) If at any time the Depositary notifies the Company or the Trustee that it is unwilling or unable to continue as Depositary for any
      Book-Entry Securities, the Company shall appoint a successor Depositary, whereupon the retiring Depositary shall surrender or cause the surrender of its Book-Entry Security or Securities to the Trustee. The Trustee shall promptly notify the Company
      upon receipt of such notice. If a successor Depositary has not been so appointed by the effective date of the resignation of the Depositary, the Book-Entry Securities will be issued as Registered Securities not issued in global form, in an aggregate
      principal amount equal to the principal amount of the Book-Entry Security or Securities theretofore held by the Depositary.

    

    

    The Company may at any time and in its sole discretion determine that the Securities shall no longer be Book-Entry Securities
      represented by a global certificate or certificates, and will so notify the Depositary. Upon receipt of such notice, the Depositary shall promptly surrender or cause the surrender of its Book-Entry Security or Securities to the Trustee. Concurrently
      therewith, Registered Securities not issued in global form will be issued in an aggregate principal amount equal to the principal amount of the Book-Entry Security or Securities theretofore held by the Depositary.

    

    

    Upon any exchange of Book-Entry Securities for Registered Securities not issued in global form as set forth in this Section 204(c), such
      Book-Entry Securities shall be cancelled by the Trustee, and Securities issued in exchange for such Book-Entry Securities pursuant to this Section shall be registered in such names and in such authorized denominations as the Depositary for such
      Book-Entry Securities, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee or any Authenticating Agent shall deliver such Securities to the Persons in whose names such Securities are
      so registered.

    

    

    (d) The Company and the Trustee shall be entitled to treat the Person in whose name any Book-Entry Security is registered as the Holder
      thereof for all purposes of the Indenture and any applicable laws, notwithstanding any notice to the contrary received by the Trustee or the Company; and the Trustee and the Company shall have no responsibility for transmitting payments to,
      communication with, notifying, or otherwise dealing with any beneficial owners of any Book-Entry Security. Neither the Company nor the Trustee shall have any responsibility or obligations, legal or otherwise, to the beneficial owners or to any other
      party including the Depositary, except for the Holder of any Book-Entry Security; provided however, notwithstanding anything herein to the contrary, (i) for the purposes of determining whether the requisite principal amount of Outstanding Securities
      have given, made or taken any request, demand, authorization, direction, notice, consent, waiver, instruction or other action hereunder as of any date, the Trustee shall treat any Person specified in a written statement of the Depositary with respect
      to any Book-Entry Securities as the Holder of the principal amount of such Securities set forth therein and (ii) nothing herein shall prevent the Company, the Trustee, or any agent of the Company or Trustee, from giving effect to any written
      certification, proxy or other authorization furnished by a Depositary with respect to any Book-Entry Securities, or impair, as between a Depositary and holders of beneficial interests in such Securities, the operation of customary practices governing
      the exercise of the rights of the Depositary as Holder of such Securities.

    

    

    (e) So long as any Book-Entry Security is registered in the name of a Depositary or its nominee, all payments of the principal of (and
      premium, if any) and interest on such Book-Entry Security and redemption thereof and all notices with respect to such Book-Entry Security shall be made and given, respectively, in the manner provided in the arrangements of the Company with such
      Depositary.

    

    

    
      - 20 -

      
        

    

    

    

    
      ARTICLE III

      

      

      THE SECURITIES

      

      

      SECTION 301. AMOUNT UNLIMITED; ISSUABLE IN SERIES.

      

      

      The aggregate principal amount of Securities that 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 a Board Resolution, and set forth in an Officers’
      Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series:

    

    

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

    

    

    (2) any limit, if any, upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered under
      this Indenture (except for Securities authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 304, 305, 306, 905 or 1107);

    

    

    (3) whether Securities of the series are to be issuable as Registered Securities, whether any Securities of the series are to be
      issuable initially in temporary global form and whether any Securities of the series are to be issuable in permanent global form, as Book-Entry Securities or otherwise, 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 the
      Depositary for any global Security or Securities;

    

    

    (4) the manner in which any interest payable on a temporary global Security on any Interest Payment Date will be paid if other than in
      the manner provided in Section 304;

    

    

    (5) the date or dates on which the principal of (and premium, if any, on) the Securities of the series is payable or the method of
      determination thereof;

    

    

    (6) the rate or rates, or the method of determination thereof, at which the Securities of the series shall bear interest, if any,
      whether and under what circumstances Additional Amounts with respect to such Securities shall be payable, the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest shall be payable and, if other than
      as set forth in Section 101, the Regular Record Date for the interest payable on any Registered Securities on any Interest Payment Date;

    

    

    (7) if other than the Corporate Trust Office of the Trustee, the place or places where, subject to the provisions of Section 1002, the
      principal of (and premium, if any), any interest on and any Additional Amounts with respect to the Securities of the series shall be payable;

    

    

    (8) the period or periods within which, the price or prices (whether denominated in cash, securities or otherwise) at which and the
      terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that option, and the manner in which the Company must exercise any such option;

    

    

    (9) the obligation, if any, of the Company to redeem or purchase Securities of the series pursuant to any sinking fund or analogous
      provisions or at the option of a Holder thereof and the period or periods within which, the price or prices (whether denominated in cash, securities or otherwise) at which and the terms and conditions upon which Securities of the series shall be
      redeemed or purchased in whole or in part pursuant to such obligation;

    

    

    (10) the denomination in which any Registered Securities of that series shall be issuable, if other than denominations of $2,000 and any
      integral multiple of $1,000 in excess thereof;

    

    

    (11) the currency or currencies (including composite currencies) in which payment of the principal of (and premium, if any), any
      interest on and any Additional Amounts with respect to the Securities of the series shall be payable if other than the currency of the United States of America;

    
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    (12) if the principal of (and premium, if any) or interest on the Securities of the series are to be payable, at the election of the
      Company or a Holder thereof, in a currency or currencies (including composite currencies) other than that in which the Securities are stated to be payable, the currency or currencies (including composite currencies) in which payment of the principal
      of (and premium, if any) and interest on and any Additional Amounts with respect to Securities of such series as to which such election is made shall be payable, and the periods within which and the terms and conditions upon which such election is to
      be made;

    

    

    (13) if the amount of payments of principal of (and premium, if any), any interest on and any Additional Amounts with respect to the
      Securities of the series may be determined with reference to any commodities, currencies or indices, or values, rates or prices, the manner in which such amounts shall be determined;

    

    

    (14) if other than the entire principal amount thereof, the portion of the principal amount of Securities of the series that shall be
      payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502;

    

    

    (15) any additional means of satisfaction and discharge of this Indenture with respect to Securities of the series pursuant to Section
      401, any additional conditions to discharge pursuant to Section 401, 402, 403, 404, or 405, and the application, if any, of Section 403 and 404;

    

    

    (16) any deletions or modifications of or additions to the Events of Default set forth in Section 501, the right of the Trustee or the
      requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 502, or the covenants of the Company set forth in Article X pertaining to the Securities of the series;

    

    

    (17) the terms, if any, on which the Securities of any series may be converted into or exchanged for stock or other securities of the
      Company or other entities, any specific terms relating to the adjustment thereof and the period during which such Securities may be so converted or exchanged;

    

    

    (18) whether the Securities of a series will be issued as part of units consisting of Securities and other securities of the Company or
      another issuer; and

    

    

    (19) any other terms of the series permitted under the provisions of the Trust Indenture Act.

    

    

    All Securities of any one series shall be substantially identical except, in the case of Registered Securities, as to denomination and except as may
      otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 303) set forth, or determined in the manner provided, in the Officers’ Certificate referred to above or in any such indenture supplemental hereto.

    

    

    All Securities of any one series need not be issued at the same time and, unless otherwise provided in such Board Resolution or supplemental indenture, a
      series may be reopened for issuances of additional Securities of such series pursuant to a Board Resolution or in any indenture supplemental hereto.

    

    

    At the option of the Company, interest on the Registered Securities of any series that bears interest may be paid by mailing a check or otherwise
      transmitting payment to the address of any Holder as such address shall appear in the Security Register.

    

    

    If any of the terms of the series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action together
      with such Board Resolution shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of the series.

    

    

    
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    SECTION 302. DENOMINATIONS.

     

    

    The Securities of each series shall be issuable in such denominations as shall be specified as contemplated by Section 301. In the absence of any such
      provisions with respect to the Securities of any series, the Registered Securities of such series denominated in Dollars shall be issuable in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. Unless otherwise provided as
      contemplated by Section 301 with respect to any series of Securities, any Securities of a series denominated in a currency other than Dollars shall be issuable in denominations that are the equivalent, as determined by the Company by reference to the
      noon buying rate in the City of New York for cable transfers for such currency, as such rate is reported or otherwise made available by the Federal Reserve Bank of New York, on the applicable issue date for such Securities, of $2,000 and any integral
      multiple of $1,000 in excess thereof.

    

    

    SECTION 303. EXECUTION, AUTHENTICATION, DELIVERY AND DATING.

    

    

    The Securities shall be executed on behalf of the Company by its Chairman of the Board, its Chief Executive Officer, its President, its Chief Financial
      Officer, its Treasurer or one of its Vice Presidents, under its corporate seal reproduced thereon or affixed thereto attested by its Secretary or one of its Assistant Secretaries. The signature of any of these officers on the Securities may be manual
      or facsimile. Coupons shall bear the facsimile signature of the Chairman of the Board, President, Treasurer or any Vice President of the Company.

    

    

    Securities 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.

    

    

    At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series 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 as in this Indenture
      provided and not otherwise.

    

    

    If the form or terms of the Securities of the series have been established in or pursuant to one or more Board Resolutions or Officer’s Certificate as
      permitted by Sections 201 and 301, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be given (in addition to the other documents required by
      Section 103 hereof), and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating,

    

    

    (a)          if the form of such Securities has been
        established by or pursuant to Board Resolution as permitted by Section 201, that such form has been established in conformity with the provisions of this Indenture;

    

    

    (b)          if the terms of such Securities have been
        established by or pursuant to Board Resolution as permitted by Section 301, that such terms have been established in conformity with the provisions of this Indenture; and

    

    

    (c)          that such Securities, when authenticated and
        delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms,
        except as such enforcement is subject to the effect of bankruptcy, insolvency, fraudulent conveyance, reorganization or other laws relating to or affecting creditors’ rights, and general principles of equity (regardless of whether such enforcement
        is considered in a proceeding in equity or at law); provided that such Opinion of Counsel need express no opinion as to whether a court in the United States would render a money judgment in currency other than that of the United States.

    

    

    If such form or terms have been so established, 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 or immunities under the Securities and this Indenture or otherwise in a manner not reasonably acceptable to the Trustee.

    

    

    Each Security shall be dated the date of its authentication.

    
      - 23 -

      
        

    

    

    

    No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a
      certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly
      authenticated and delivered hereunder. 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 103 and need not be accompanied by an Opinion of Counsel) stating that such Security has never been issued and 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.

    

    

    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 that 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 and with such appropriate insertions, omissions, substitutions and other variations as the officers of the Company executing such Securities may determine, as evidenced by their execution of such Securities.

    

    

    Except in the case of temporary Securities in global form (which shall be exchanged in accordance with the provisions of the following paragraphs), 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, 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. 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.

    

    

    All Outstanding 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.

    

    

    SECTION 305. REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE.

    

    

    The Company shall cause to be kept for each series of Securities at one of the offices or agencies maintained pursuant to Section 1002 a register (the
      register maintained in such office and in any other office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the “Security Register”) in which, subject to such reasonable regulations as it may
      prescribe, the Company shall provide for the registration of Registered Securities and of transfers of Registered Securities of such series. The Trustee is hereby initially appointed “Security Registrar” for the purpose of registering Securities and
      transfers of Securities as herein provided.

    

    

    Upon surrender for registration of transfer of any Registered Security of any series at the office or agency 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 and of like tenor, of any authorized denominations and of a like
      aggregate principal amount.

    

    

    At the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series and of like tenor, of
      any authorized denominations and of a like aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee
      shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive.

    
      - 24 -

      
        

    

    

    

    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 beneficial owners of interests in a permanent global Security are entitled to exchange such 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, then without unnecessary delay but in any event not later than the earliest date on which such interests may be so exchanged, the Company shall deliver to the Trustee definitive Securities of that series
      in an aggregate principal amount equal to the principal amount of such permanent global Security, executed by the Company. On or after the earliest date on which such interests may be so exchanged, such permanent global Security shall be surrendered
      from time to time in accordance with instructions given to the Trustee and the Depositary (which instructions shall be in writing but need not comply with Section 103 or be accompanied by an Opinion of Counsel) or such other depositary as shall be
      specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or in part, for definitive Securities of the same series without charge and the Trustee shall authenticate and
      deliver, in exchange for each portion of such permanent global Security, a like aggregate principal amount of other definitive Securities of the same series of authorized denominations and of like tenor as the portion of such permanent global
      Security to be exchanged; provided, however, that no such exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities of that series is to be redeemed and ending on the relevant Redemption Date.
      Promptly following any such exchange in part, such permanent global Security marked to evidence the partial exchange shall be returned by the Trustee to the Depositary or such other depositary referred to above in accordance with the instructions of
      the Company referred to above. 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.

    

    

    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 shall (if so required by the Company or the Trustee) be
      duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and 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 exchange pursuant to Section 304, 905 or 1107 not involving any transfer.

    

    

    The Company shall not be required (i) to issue, register the transfer of or exchange Securities of any series during a period beginning at the opening of
      business 15 days before the day of the mailing of a notice of redemption of Securities of such series selected for redemption and ending at the close of business on the day of 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 the unredeemed portion of any Security being redeemed in part.

    
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      SECTION 306. MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES.

      

      

      If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a
        new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously Outstanding.

       

      

    

    If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security 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 notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the
      Company shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and principal amount and bearing a number not
      contemporaneously Outstanding.

    

    

    In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead
      of issuing a new Security, pay such Security.

    

    

    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 fee and expenses of the Trustee) connected therewith.

    

    

    Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional
      contractual obligation of the Company, whether or not the destroyed, lost or stolen Security 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 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.

    

    

    SECTION 307. PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED.

    

    

    Interest on any Registered Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person
      in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may
      be made at the option of the Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register.

    

    

    
      - 26 -

      
        

    

    

    

    Any interest on any Registered Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date
      (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder 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, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate
      amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the
      Persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date
      of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the 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. The Trustee may, in its discretion, in the name and at the expense of the Company, cause a similar notice to be published at least once in an Authorized Newspaper, but such
      publication shall not be a condition precedent to the establishment of such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be
      paid to the Persons in whose names the 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).

    

    

    (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 notice given by the Company to the Trustee of the proposed payment pursuant to
      this Clause, such manner of payment shall be deemed practicable by the Trustee.

    

    

    Subject to the foregoing provisions of this Section, each Security delivered under this Indenture, upon registration of transfer of, 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.

    

    

    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 Registered Security for the purpose of receiving payment of principal of (and premium, if any) and (subject to Sections 305 and 307) interest on such
      Registered Security and for all other purposes whatsoever, whether or not such 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.

    

    

    SECTION 309. CANCELLATION.

    

    

    All Securities surrendered for payment, redemption, 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. All Registered Securities so delivered shall be promptly cancelled by the Trustee. 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 all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange
      for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of in its customary manner.

    
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    SECTION 310. COMPUTATION OF INTEREST.

    

    

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

    

    

    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 as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance
      may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers.

    

    

    ARTICLE IV

    

    

    SATISFACTION AND DISCHARGE; LEGAL DEFEASANCE AND

    COVENANT DEFEASANCE

    

    

    SECTION 401. SATISFACTION AND DISCHARGE OF INDENTURE.

    

    

    This Indenture shall upon Company Request cease to be of further effect with respect to Securities of any series (except as to any surviving rights of
      registration of transfer, exchange or replacement of such series of Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture
      with respect to such Securities, when

    

    

    (1) either

    

    

    (A) all such Securities of such series theretofore authenticated and delivered (other than (i) such Securities which have been
      destroyed, lost or stolen and which have been replaced or paid as provided in Section 306 and (ii) such Securities 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 such Securities of such series not theretofore delivered to the Trustee for cancellation

    

    

    (i) have become due and payable, or

    

    

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

    

    

    (iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of
      redemption by the Trustee in the name, and at the expense, of the Company,

    

    

    and the Company, in the case of (B)(i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee, as funds in trust for such purpose,
      an amount in the currency or currencies or currency unit or units in which such Securities of such series are payable or U.S. Government Obligations maturing as to principal and interest in such amounts and at such times as will, together with any
      interest thereon, be sufficient to pay and discharge the entire indebtedness on such Securities of such series not theretofore delivered to the Trustee for cancellation, for principal and any premium and interest to the date of such deposit (in the
      case of Securities which have become due and payable) or to 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 with respect to such series of Securities have been complied with.

    
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    Notwithstanding the satisfaction and discharge of this Indenture with respect to the Outstanding Securities of such series pursuant to this Section 401,
      the obligations of the Company to the Trustee under Section 607 and to any Authenticating Agent under Section 614 and, if money or U.S. Government Obligations shall have been deposited with the Trustee pursuant to subclause (B) of Clause (1) of this
      Section, the obligations of the Trustee under Section 406, Article VI and the last paragraph of Section 1003 shall survive such satisfaction and discharge.

    

    

    SECTION 402. OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE.

    

    

    In addition to the Company’s rights under Section 401 (which shall not be affected by this Section 402), the Company may, at the option of its Board of
      Directors evidenced by a resolution set forth in an Officers’ Certificate, at any time, elect to have either Section 403 or 404 hereof applied to all Outstanding Securities of any series upon compliance with the conditions set forth in Sections 403
      through 406 hereof.

    

    

    SECTION 403. LEGAL DEFEASANCE AND DISCHARGE.

    

    

    Upon the Company’s exercise under Section 402 hereof of the option applicable to this Section 403, the Company and the Guarantors shall, subject to the
      satisfaction of the conditions set forth in Section 405 hereof, be deemed to have been discharged from their obligations with respect to all Outstanding Securities of a series on the date the conditions set forth below are satisfied (hereinafter,
      “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Outstanding Securities of a series, which shall thereafter be deemed to be
      “outstanding” only for the purposes of Section 406 hereof and the other Sections of this Indenture referred to in (a) and (b) below, and to have satisfied all its other obligations under such Securities and this Indenture (and the Trustee, on demand
      of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of Outstanding
      Securities of any series to receive payments in respect of the principal of, premium, if any, and interest, if any, on such Securities when such payments are due from the trust referred to in Section 405, (b) the Company’s obligations with respect to
      such Securities under Sections 304, 305, 306 and 1002 of this Indenture, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s obligations in connection therewith and (d) this Article IV. Subject to
      compliance with Sections 402 through 406 hereof, the Company may exercise its option under this Section 403 notwithstanding the prior exercise of its option under Section 404 hereof.

    

    

    SECTION 404. COVENANT DEFEASANCE.

    

    

    Upon the Company’s exercise under Section 402 hereof of the option applicable to this Section 404, the Company shall, subject to the satisfaction of the
      conditions set forth in Section 405 hereof, be released from the operation of Section 801 hereof with respect to the Outstanding Securities of a series and any other covenant contained in the Board Resolution or supplemental indenture relating to
      such series on and after the date the conditions set forth in Section 405 are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such series shall thereafter be deemed 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 such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Securities shall not be
      deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the Outstanding Securities of such series, 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 covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such 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 hereof, but, except as specified above, the remainder of this Indenture and such series of Securities shall be unaffected thereby. In
      addition, upon the Company’s exercise under Section 402 hereof of the option applicable to this Section 404 hereof, subject to the satisfaction of the conditions set forth in Section 405 hereof, Sections 501(3) through 501(6) and Section 501(9)
      hereof shall not constitute Events of Default.

     

    

    
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    SECTION 405. CONDITIONS TO LEGAL OR COVENANT DEFEASANCE.

     

    

    The following shall be the conditions to the application of either Section 403 or 404 hereof to the Outstanding Securities of any series:

    

    

    In order to exercise either Legal Defeasance or Covenant Defeasance:

    

    

    (a) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of the Securities, cash in United
      States dollars, U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient, to pay the principal of, or interest and premium, if any, on the Outstanding Securities of such series on the Stated Maturity or on the
      applicable redemption date, as the case may be, and the Company must specify whether the Securities are being defeased to maturity or to a particular redemption date;

    

    

    (b) in the case of Legal Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the
      Trustee confirming that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (ii) since the date of this Indenture, there has been a change in the applicable federal income tax law, in either
      case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Outstanding Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of such Legal
      Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred;

    

    

    (c) in the case of Covenant Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to
      the Trustee confirming that the Holders of the Outstanding Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same
      amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred;

    

    

    (d) no Default or Event of Default shall have occurred and be continuing either: (i) on the date of such deposit (other than a Default
      or Event of Default resulting from the borrowing of funds to be applied to such deposit); or (ii) insofar as Events of Default from bankruptcy or insolvency events are concerned, at any time in the period ending on the 91st day after the date of
      deposit;

    

    

    (e) such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under any material
      agreement or instrument (other than this Indenture) to which the Company is a party or by which the Company is bound;

    

    

    (f) the Company must have delivered to the Trustee an Opinion of Counsel to the effect that, assuming no intervening bankruptcy of the
      Company or any Guarantor between the date of deposit and the 91st day following the deposit and assuming that no Holder is an “insider” of the Company under applicable bankruptcy law, 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;

    

    

    (g) the Company must deliver to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company with the
      intent of preferring the Holders of Securities over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; and

    

    

    (h) the Company must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
      precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with.

    

    

    
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    SECTION 406. DEPOSITED MONEY AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS
        PROVISIONS.

    

    

    Subject to Section 407 hereof, all money and non-callable U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or other
      qualifying trustee, collectively for purposes of this Section 406, the “Trustee”) pursuant to Section 401 or 404 hereof in respect of the Outstanding Securities of any series shall be held in trust and applied by the Trustee, in accordance with the
      provisions of such Securities and this Indenture, to the payment, either directly or through any paying agent (including the Company acting as paying agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to become
      due thereon in respect of principal, premium on , if any, and interest, but such money need not be segregated from other funds except to the extent required by law.

    

    

    The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable U.S.
      Government Obligations deposited pursuant to Section 401 or 404 hereof 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 the Outstanding
      Securities.

    

    

    Anything in this Article IV to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the written request of
      the Company any money or non-callable U.S. Government Obligations held by it as provided in Section 401 or 404 hereof 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 that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance or satisfaction and discharge of this Indenture.

    

    

    SECTION 407. REPAYMENT TO COMPANY.

    

    

    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, premium on, if any, or
      interest on any Securities and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Company on its written request or (if then held by the Company) shall be
      discharged from such trust; and the Holder of such Securities shall thereafter, as an unsecured creditor, look only to the Company for payment thereof, and all liability of the Trustee or such paying agent with respect to such trust money, 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 the New
      York Times and The Wall Street Journal (national edition), 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 notification or publication, any unclaimed
      balance of such money then remaining will be repaid to the Company.

    

    

    SECTION 408. REINSTATEMENT.

    

    

    If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations deposited with respect to Securities of any series in accordance
      with Section 401, 403 or 404 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture
      with respect to the Securities of such series and the Securities of such series shall be revived and reinstated as though no deposit had occurred pursuant to Section 401, 403 or 404 hereof until such time as the Trustee or Paying Agent is permitted
      to apply all such money or U.S. Government Obligations in accordance with Section 401, 403 or 404 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium on, if any, or interest on any Securities
      following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent.

    

    

    
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      ARTICLE V

      

      

      REMEDIES

      

      

      SECTION 501. EVENTS OF DEFAULT.

      

      

      An “Event of Default” on a series occurs if:

    

    (1)          the Company defaults in the payment of
        interest on any Security of such series when the same becomes due and payable and the Default continues for a period of 30 days

    

    

    (2)          the Company defaults in the payment of the
        principal of any Security of such series when the same becomes due and payable at maturity, upon redemption or otherwise;

    

    

    (3)          the Company fails to comply with any of its
        other agreements in the Securities of such series or this Indenture (as they relate thereto) and the Default continues for the period and after the notice specified below (except in the case of a default with respect to any Change of Control
        Provisions or Article VIII (or any replacement provisions contemplated by Article VIII), which will constitute Events of Default with notice but without passage of time);

    

    

    (4)          the acceleration of any Indebtedness of the
        Company in an amount of $50 million or more, individually or in the aggregate, and such acceleration does not cease to exist, or such Indebtedness is not satisfied, in either case within five days after such acceleration;

    

    

    (5)          the failure by the Company to make any
        principal or interest payment in an amount of $50 million or more, individually or in the aggregate, in respect of Indebtedness of the Company within five days of such principal or interest becoming due and payable (after giving effect to any
        applicable grace period set forth in the documents governing such Indebtedness);

    

    

    (6)          a final judgment or judgments in an amount
        of $50 million or more, individually or in the aggregate, for the payment of money having been entered by a court or courts of competent jurisdiction against the Company and such judgment or judgments is not satisfied, stayed, annulled or rescinded
        within 90 days after being entered;

    

    

    (7)          the Company pursuant to or within the
        meaning of any Bankruptcy Law:

    

    

    (a)          commences a voluntary case,

    

    

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

    

    

    (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 creditors;

    

    

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

    

    

    (a)          is for relief against the Company in an
        involuntary case,

    

    

    (b)          appoints a Custodian of the Company or for
        all or substantially all of its property, or

    

    

    (c)          orders the liquidation of the Company,

    

    

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

    

    

    (9)          any other Event of Default occurs with
        respect to Securities of that series as provided in the supplemental indenture or Board Resolutions establishing such series of Securities.

    

    

    The term “Bankruptcy Law” means the Bankruptcy Act or any similar Federal or State law for the relief of debtors. The term “Custodian” means any receiver,
      trustee, assignee, liquidator or similar official under any Bankruptcy Law.

    
      - 32 -

      
        

    

    

    

    A Default under clause (3) above is not an Event of Default until the Trustee notifies the Company, or the Holders of at least 25% in principal amount of
      the Securities of the applicable series notify the Company and the Trustee of the Default and (except in the case of a default with respect to any provisions of any supplemental indenture or Board Resolution establishing such series of Securities
      giving the Holders of Securities of such series the right to require the Company to repurchase or redeem such Securities of such series upon the occurrence of a change of control prior to the final maturity date of such Securities of such series
      (“Change of Control Provisions”) or Article VIII (or any replacement provisions contemplated by Article VIII)) the Company does not cure the Default within 90 days after receipt of the notice. The notice must specify the Default, demand that it be
      remedied and state that the notice is a “Notice of Default.”

    

    

    SECTION 502. ACCELERATION.

    

    

    If any Event of Default (other than an Event of Default specified in clause (7) or (8) of Section 501 hereof) with respect to Securities of any series
      occurs and is continuing, either the Trustee or the Holders of at least 25% in principal amount of the then Outstanding Securities of that series may declare all the Securities of that series to be due and payable immediately. Upon any such
      declaration, the Securities of that series shall become due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders). Notwithstanding the foregoing, if an Event of Default specified in clause (7) or (8)
      of Section 501 hereof occurs with respect to any series of Securities, all outstanding Securities of that series shall become due and payable without further action or notice. The Holders of a majority in aggregate principal amount of Securities of
      any series then Outstanding by notice to the Trustee may on behalf of the Holders of all of the Securities of that series waive any existing Default or Event of Default and its consequences under this Indenture except a continuing Default or Event of
      Default in the payment of interest or premium, if any, on, or the principal of, the Securities of that series.

    

    

    SECTION 503. OTHER REMEDIES.

    

    

    If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may pursue any available remedy to collect the
      payment of principal, premium, if any, and interest on the Securities of that series or to enforce the performance of any provision of the Securities of that series or this Indenture.

    

    

    The Trustee may maintain a proceeding even if it does not possess any of the Securities in a series or does not produce any of them in the proceeding. A
      delay or omission by the Trustee or any Holder of a Security in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are
      cumulative to the extent permitted by law.

    

    

    SECTION 504. WAIVER OF PAST DEFAULTS.

    

    

    Holders of not less than a majority in aggregate principal amount of the then outstanding Securities in any series by notice to the Trustee may on behalf
      of the Holders of all of the Securities of that series waive any existing Default or Event of Default and its consequences hereunder, except a continuing Default or Event of Default in the payment of the principal of, premium, if any, or interest on,
      the Securities of that series (including in connection with an offer to purchase) (provided, however, that the Holders of a majority in aggregate principal amount of the then outstanding Securities of any series may rescind an acceleration and its
      consequences, including any related payment default that resulted from such acceleration, with respect to that series). Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been
      cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

    

    

    SECTION 505. CONTROL BY MAJORITY.

    

    

    With respect to any series of Securities, Holders of a majority in principal amount of the then outstanding Securities of that series may direct the time,
      method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that
      the Trustee determines may be unduly prejudicial to the rights of other Holders of Securities of any series or that may involve the Trustee in personal liability.

    
      - 33 -

      
        

    

    

    

    SECTION 506. LIMITATION ON SUITS.

    

    

    A Holder of a Security of any series may pursue a remedy with respect to this Indenture or the Securities of that series only if:

    

    

    (a)          the Holder of a Security of that series
        gives to the Trustee written notice of a continuing Event of Default;

    

    

    (b)          the Holders of at least 25% in principal
        amount of the then outstanding Securities of that series make a written request to the Trustee to pursue the remedy;

    

    

    (c)          such Holder of a Security or Holders of
        Securities offer and, if requested, provide to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense;

    

    

    (d)          the Trustee does not comply with the request
        within 60 days after receipt of the request and the offer and, if requested, the provision of indemnity; and

    

    

    (e)          during such 60-day period the Holders of a
        majority in principal amount of the then outstanding Securities of that series do not give the Trustee a direction inconsistent with the request.

    

    

    A Holder of a Security may not use this Indenture to prejudice the rights of another Holder of a Security or to obtain a preference or priority over
      another Holder of a Security.

    

    

    SECTION 507. RIGHTS OF HOLDERS OF SECURITIES TO RECEIVE PAYMENT.

    

    

    Notwithstanding any other provision of this Indenture, the right of any Holder of a Security of any series to receive payment of principal, premium, if
      any, and interest on the Security, on or after the respective due dates expressed in the Security (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective dates, shall
      not be impaired or affected without the consent of such Holder.

    

    

    SECTION 508. COLLECTION SUIT BY TRUSTEE.

    

    

    With respect to the Securities of any series, if an Event of Default specified in clause (1) or (2) of Section 501 hereof occurs and is continuing, the
      Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal of, premium on, if any, and interest remaining unpaid on the Securities of that series and interest on
      overdue principal and, to the extent lawful, interest and 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.

    
      - 34 -

      
        

    

    

    

    SECTION 509. TRUSTEE MAY FILE PROOFS OF CLAIM.

     

    

    The Trustee is authorized to file such proofs of claim and 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 the Holders of the Securities of any series allowed in any judicial proceedings relative to the Company (or
      any other obligor upon the Securities), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial
      proceeding is hereby authorized by each Holder of that series 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, its agents and counsel, and any other amounts due the Trustee under Section 607 of this Indenture. To the extent that the payment of any such compensation, expenses,
      disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607 of this Indenture out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be
      secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or
      arrangement or otherwise. 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 any series of Securities any plan of reorganization, arrangement, adjustment or
      composition affecting the Securities of that series or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

    

    

    SECTION 510. PRIORITIES.

    

    

    If the Trustee collects any money pursuant to this Article, it shall pay out the money in the following order:

    

    

    (a)          First: to the Trustee, its agents and
        attorneys for amounts due under Section 607 of this Indenture, including payment of all compensation, expense and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection;

    

    

    (b)          Second: to Holders of Securities for amounts
        due and unpaid on the Securities for principal, premium, if any, and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Securities for principal, premium, if any, and interest,
        respectively; and

    

    

    (c)          Third: to the Company or to such party as a
        court of competent jurisdiction shall direct.

    

    

    The Trustee may fix a record date and payment date for any payment to Holders of Securities pursuant to this Section 510.

    

    

    SECTION 511. UNDERTAKING FOR COSTS.

    

    

    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 a
      Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and
      expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder of a Security pursuant to
      Section 507 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Securities of any series.

    

    

    
      - 35 -

      
        

    

    

    

    
      ARTICLE VI

      

      

      THE TRUSTEE

      

      

      SECTION 601. CERTAIN DUTIES AND RESPONSIBILITIES.

      

      

      (a)          Except during the continuance of an Event
          of Default with respect to the Securities of any series:

       

        

    

    (1)          the Trustee undertakes to perform such
        duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

    

    

    (2)          in the absence of bad faith on its part, the
        Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of
        any such certificates or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether they conform to the requirements of this Indenture
        (but need not confirm or investigate the accuracy of mathematical calculation or other facts stated therein).

    

    

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

    

    

    (c)          No provision of this Indenture shall be
        construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

    

    

    (1)          this Subsection shall not be construed to
        limit the effect of Subsection (a) of this Section;

    

    

    (2)          the Trustee shall not be liable for any
        error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts;

    

    

    (3)          the Trustee shall not be liable with respect
        to any action it takes or omits to take in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series or of all series, determined as provided in Section 505, relating to
        the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and

    

    

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

    

    

    (d)          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.

    

    

    
      - 36 -

      
        

    

    

    

    SECTION 602. NOTICE OF DEFAULTS.

     

    

    Within 90 days after the occurrence of any Default or Event of Default with respect to the Securities of any series, the Trustee shall give notice of such
      Default or Event of Default known to the Trustee to all Holders of Securities of such series in the manner provided in Section 107 and in compliance with the Trust Indenture Act, unless such Default or Event of Default shall have been cured or
      waived; provided, however, that, except in the case of a Default or Event of Default in the payment of the principal of (or premium, 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 Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a
      trust committee of directors and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interest of the Holders of Securities of such series; and provided, further, that in the case of any
      Default or Event of Default of the character specified in Section 501(3) with respect to Securities of such series, no such notice to Holders shall be given until at least 30 days after the occurrence thereof.

    

    

    SECTION 603. CERTAIN RIGHTS OF TRUSTEE.

    

    

    Subject to the provisions of Section 601:

    

    

    (a)          the Trustee may conclusively rely and shall
        be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon, other evidence of indebtedness or other paper or
        document believed by it to be genuine and to have been signed or presented by the proper party or parties;

    

    

    (b)          any request or direction of the Company
        mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution;

    

    

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

    

    

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

    

    

    (e)          the Trustee shall be under no obligation to
        exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders 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 that might be incurred by it in compliance with such request or direction;

    

    

    (f)          the Trustee shall not be bound to make any
        investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon, other evidence of indebtedness or other paper or
        document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
        examine the books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation;

    

    

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

    
      - 37 -

      
        

    

    

    

    (h)          the Trustee shall not be charged with
        knowledge of any Default or Event of Default with respect to the Securities of any series for which it is acting as Trustee unless either (1) a Responsible Officer shall have actual knowledge of such Default or Event of Default or (2) written
        notice of such Default or Event of Default which is in fact such a default shall have been received by the Trustee at the Corporate Trust Office of the Trustee and such notice references the Securities and this Indenture by the Company or any other
        obligor on such Securities or by any Holder of such Securities;

    

    

    (i)          the Trustee shall not be liable for any
        action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture.

    

    

    (j)          in no event shall the Trustee be responsible
        or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of
        the form of action;

    

    

    (k)          the rights, privileges, protections,
        immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person
        employed to act hereunder; and

    

    

    (l)          the Trustee may request that the Company
        deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture.

    

    

    SECTION 604. NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES.

    

    

    The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Company,
      and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be accountable for the use or application by the
      Company of Securities or the proceeds thereof.

    

    

    SECTION 605. MAY HOLD SECURITIES.

    

    

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

    

    

    SECTION 606. 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 any money received by it hereunder except as otherwise agreed with the Company.

    

    

    SECTION 607. COMPENSATION AND REIMBURSEMENT.

    

    

    The Company agrees:

    

    

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

    

    

    (2)          except as otherwise expressly provided
        herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the compensation and the reasonable expenses and
        disbursements of its agents and counsel), except any such expense, disbursement or advance as shall be determined to have been caused by its own negligence or willful misconduct; and

    
      - 38 -

      
        

    

    

    

    (3)          to indemnify the Trustee and each of its
        directors, officers, employees, agents and/or representatives for, and to hold each of them harmless against, any loss, liability or expense incurred without negligence or willful misconduct on each of their part, arising out of or in connection
        with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending themselves against any claim or liability in connection with the exercise or performance of any of the Trustee’s powers or duties
        hereunder.

    

    

    As security for the performance of the obligations of the Company under this Section 607, the Trustee shall have a lien prior to the Securities on all
      property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of, premium, if any, or interest, if any, on or any Additional Amounts with respect to particular Securities.

    

    

    Any expenses and compensation for any services rendered by the Trustee after the occurrence of an Event of Default (including the reasonable charges and
      expenses of its counsel) specified in clause (7) or (8) of Section 501 shall constitute expenses and compensation for services of administration under all applicable federal or state bankruptcy, insolvency, reorganization or other similar laws.

    

    

    The provisions of this Section 607 and any lien arising hereunder shall survive the resignation or removal of the Trustee or the discharge of the Company’s
      obligations under this Indenture and the termination of this Indenture.

    

    

    SECTION 608. DISQUALIFICATION; CONFLICTING INTERESTS.

    

    

    (a)          If the Trustee has or shall acquire any conflicting interest,
        as defined in this Section 608, with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to the Securities of
        that series in the manner and with the effect hereinafter specified in this Article.

    

    

    (b)          In the event that the Trustee shall fail to comply with the
        provisions of Subsection (a) of this Section 608 with respect to the Securities of any series, the Trustee shall, within 10 days after the expiration of such 90-day period, transmit by mail to all Holders of Securities of that series, as their
        names and addresses appear in the Security Register, notice of such failure in compliance with the Trust Indenture Act.

    

    

    (c)          For the purposes of this Section, the term “conflicting
        interest” shall have the meaning specified in Section 310(b) of the Trust Indenture Act and the Trustee shall comply with Section 310(b) of the Trust Indenture Act; provided, that there shall be excluded from the operation of Section 310(b)(1) of
        the Trust Indenture Act with respect to the Securities of any series any indenture or indentures under which other securities, or certificates of interest or participation in other securities, of the Company are outstanding, if the requirements for
        such exclusion set forth in Section 310(b)(1) of the Trust Indenture Act are met. For purposes of the preceding sentence, the optional provision permitted by the second sentence of Section 310(b)(1) of the Trust Indenture Act shall be applicable.

    

    

    SECTION 609. CORPORATE TRUSTEE REQUIRED; ELIGIBILITY.

    

    

    There shall at all times be a Trustee hereunder which shall be a corporation organized and doing business under the laws of the United States of America,
      any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50 million and subject to supervision or examination by Federal or State (or the District
      of Columbia) authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section 609, the combined capital and
      surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this
      Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

    

    

    The Indenture shall always have a Trustee who satisfies the requirements of Sections 310(a)(1), 310(a)(2) and 310(a)(5) of the Trust Indenture Act.

    

    

    
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    SECTION 610. RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.

     

    

    (a)          No resignation or removal of the Trustee and no appointment of
        a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 611.

    

    

    (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 the instrument of acceptance by a successor Trustee required by Section 611 shall not have been delivered to the resigning Trustee within 30 days after the giving
        of such notice of resignation, the resigning Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series.

    

    

    (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 principal amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company. If the instrument of acceptance by a successor Trustee required by Section
        611 shall not have been delivered to the resigning Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment of a
        successor Trustee with respect to the Securities of such series.

    

    

    (d)          If at any time:

    

    

    (1)          the Trustee shall fail to comply with
        Section 608(a) after written request therefor by the Company or by any Holder 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 609 and shall fail to resign after written request therefor by the Company or by any such Holder of Securities, 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 a Board Resolution may remove the Trustee with respect to all Securities, or (ii) subject to Section 505, any
      Holder 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.

    

    

    (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 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 such successor Trustee or Trustees shall comply with the applicable requirements of Section 611. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the
        Company and accepted appointment in the manner required by Section 611, any Holder 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 the 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 by mailing written notice of such event by first-class mail, postage prepaid, to all
        Holders of Securities of such series as their names and addresses appear in the Security Register. 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.

    

    

    
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    SECTION 611. 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 so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the
        retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the 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.

    

    

    (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 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.

    

    

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

    

    

    (d)          No successor Trustee shall accept its appointment unless at the
        time of such acceptance such successor Trustee shall be qualified and eligible under this Article.

    

    

    SECTION 612. MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS.

    

    

    Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger,
      conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all 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; provided, however, that in the case of a corporation succeeding to all or substantially
      all the corporate trust business of the Trustee, such successor corporation shall expressly assume all of the Trustee’s liabilities hereunder. In case any Securities 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 so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities.

    

    

    SECTION 613. PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY.

    

    

    The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust
      Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent indicated therein.

    
      - 41 -

      
        

    

    

    

    SECTION 614. APPOINTMENT OF AUTHENTICATING AGENT.

    

    

    The Trustee may appoint an Authenticating Agent or Agents that shall be authorized to act on behalf of the Trustee to authenticate Securities issued upon
      original issue and upon exchange, registration of transfer or partial redemption 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. 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 acceptable to the Company and shall
      at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia having a combined capital and surplus of not less than $50 million or equivalent amount expressed
      in a foreign currency and subject to supervision or examination by Federal or State (or the District of Columbia) authority or authority of such country. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law
      or to the requirements of said supervising or examining authority, then for the purposes of this Section 614, 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. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 614, such Authenticating Agent shall resign immediately in the manner and with the
      effect specified in this Section 614.

    

    

    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 614, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent.

    

    

    An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time terminate
      the agency of an Authenticating Agent by giving written notice thereof 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 614, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall mail written notice of such appointment by first-class mail,
      postage prepaid, to all Holders as their names and addresses appear in the Security Register. 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. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section 614.

    

    

    The Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section 614, and the Trustee
      shall be entitled to be reimbursed for such payments, subject to the provisions of Section 607.

    

    

    If an appointment is made pursuant to this Section 614, the Securities may have endorsed thereon, in addition to the Trustee’s certificate of
      authentication, an alternate certificate of authentication 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: 

              	
                

                

              
	
                 

              	 	
                AS AUTHORIZED SIGNATORY”

              

      

      

    

    
      - 42 -

      
        

    

    

    

    Notwithstanding any provision of this Section 614 to the contrary, if at any time any Authenticating Agent appointed hereunder with respect to any series
      of Securities shall not also be acting as the Security Registrar hereunder with respect to any series of Securities, then, in addition to all other duties of an Authenticating Agent hereunder, such Authenticating Agent shall also be obligated (i) to
      furnish to the Security Registrar promptly all information necessary to enable the Security Registrar to maintain at all times an accurate and current Security Register and (ii) prior to authenticating any Security denominated in a foreign currency,
      to ascertain from the Company the units of such foreign currency that are required to be determined by the Company pursuant to Section 302.

    

    

    ARTICLE VII

    

    

    HOLDER’S LISTS AND REPORTS BY TRUSTEE AND COMPANY

    

    

    SECTION 701. COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF HOLDERS.

    

    

    With respect to each series of Securities, the Company will furnish or cause to be furnished to the Trustee:

    

    

    (a)          semi-annually, not more than 15 days after
        each Regular Record Date relating to that series (or, if there is no Regular Record Date relating to that series, on January 1 and July 1), a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders of
        that series as of such dates, and

    

    

    (b)          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, such list to be dated as of a date not more than 15 days prior to the time such list is furnished;

    

    

    provided, that so long as the Trustee is the Security Registrar, the Company shall not be required to furnish or cause to be
      furnished such a list to the Trustee. The Company shall otherwise comply with Section 312(a) of the Trust Indenture Act.

    

    

    SECTION 702. PRESERVATION OF INFORMATION; COMMUNICATIONS TO HOLDERS.

    

    

    (a)          The Trustee shall preserve, in as current a form as is
        reasonably practicable, the names and addresses of Holders of each series contained in the most recent list furnished to the Trustee as provided in Section 701 and the names and addresses of Holders of each series received by the Trustee in its
        capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt of a new list so furnished. The Trustee shall otherwise comply with Section 312(a) of the Trust Indenture Act.

    

    

    (b)          Holders of Securities may communicate pursuant to Section
        312(b) of the Trust Indenture Act with other Holders with respect to their rights under this Indenture or under the Securities. The Company, the Trustee, the Security Registrar and any other Person shall have the protection of Section 312(c) of the
        Trust Indenture Act.

    

    

    SECTION 703. REPORTS BY TRUSTEE.

    

    

    (a)          Within 60 days after May 15 of each year commencing with the
        year 2018, the Trustee shall transmit by mail to Holders a brief report dated as of such May 15 that complies with Section 313(a) of the Trust Indenture Act. The Trustee shall comply with Section 313(b) of the Trust Indenture Act. The Trustee shall
        transmit by mail all reports as required by Sections 313(c) and 313(d) of the Trust Indenture Act.

    

    

    (b)          A copy of each report pursuant to Subsection (a) of this
        Section 703 shall, at the time of its transmission to Holders, be filed by the Trustee with each stock exchange upon which any Securities are listed, with the SEC and with the Company. The Company will notify the Trustee when any Securities are
        listed or delisted on any stock exchange.

    
      - 43 -

      
        

    

    

    

    SECTION 704. REPORTS BY COMPANY.

    

    

    The Company shall file with the Trustee, within 15 days after the Company is required to file the same with the SEC, copies of the annual reports and of
      the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may from time to time by rules and regulations prescribe) which the Company may be required to file with the SEC pursuant to Section 13 or
      Section 15(d) of the Securities Exchange Act of 1934, as amended, and shall otherwise comply with Section 314(a) of the Trust Indenture Act.

    

    

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

    

    

    ARTICLE VIII

     

    

    CONSOLIDATION, MERGER, CONVEYANCE,

    TRANSFER OR LEASE

    

    

    SECTION 801. COMPANY MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS.

    

    

    (a)          The Company shall not, directly or indirectly, in any
        transaction or series of related transactions: (1) consolidate or merge with or into another Person (whether or not the Company is the surviving corporation); (2) sell, assign, transfer, convey or otherwise dispose of all or substantially all of
        the properties or assets of the Company and its Subsidiaries taken as a whole, or (3) assign any of its obligations under the Securities and this Indenture, in one or more related transactions, to another Person; unless:

    

    

    (i)          either: (A) the Company is the surviving
        corporation; or (B) the Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, conveyance or other disposition shall have been made is a corporation organized or
        existing under the laws of the United States, any state thereof or the District of Columbia;

    

    

    (ii)          the Person formed by or surviving any such
        consolidation or merger (if other than the Company) or the Person to which such sale, assignment, transfer, conveyance or other disposition shall have been made assumes all the obligations of the Company under the Securities and this Indenture
        pursuant to agreements reasonably satisfactory to the Trustee;

    

    

    (iii)          immediately after such transaction no
        Default or Event of Default exists;

    

    

    (iv)          the Company shall have delivered to the
        Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such merger, consolidation or sale, assignment, transfer, conveyance or other disposition of such properties or assets or assignment of its obligations under the
        Securities and this Indenture and such supplemental indenture, if any, comply with this Indenture.

    

    

    (b)          The Company shall not, directly or indirectly, lease all or
        substantially all of its properties or assets, in one or more related transactions, to any other Person.

    

    

    (c)          Notwithstanding the foregoing, this Section 801 shall not apply
        to a sale, assignment, transfer, conveyance or other disposition of assets between or among the Company and any of its Wholly Owned Subsidiaries.

    

    

    
      - 44 -

      
        

    

    

    

    SECTION 802. SUCCESSOR PERSON SUBSTITUTED.

    

    

    Upon any consolidation or merger, any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets of the
      Company, or any assignment of the obligations under the Securities and this Indenture in accordance with Section 801 hereof, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale,
      assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this
      Indenture referring to the “Company” shall refer instead to the successor corporation and not to the Company), and may exercise every right and power of the Company under this Indenture with the same effect as if such successor Person had been named
      as the Company herein; provided, however, that the predecessor Company shall not be relieved from the obligation to pay the principal of and interest on the Securities except in the case of a sale of all of the Company’s assets that meets the
      requirements of Section 801 hereof.

    

    

    ARTICLE IX

    SUPPLEMENTAL INDENTURES

    

    

    SECTION 901. WITHOUT CONSENT OF HOLDERS.

    

    

    Notwithstanding Section 902 of this Indenture, the Company and the Trustee may amend or supplement this Indenture or the Securities of any series without
      the consent of any Holder of a Security of any series:

    

    

    (a)          to cure any ambiguity, defect or
        inconsistency;

    

    

    (b)          to provide for uncertificated Securities in
        addition to or in place of certificated Securities or to alter the provisions of Article II of this Indenture (including the related definitions) in a manner that does not materially adversely affect any Holder;

    

    

    (c)          to establish the form or terms of Securities
        of any series as permitted by Sections 201 and 301 of this Indenture;

    

    

    (d)          to provide for the assumption of the
        Company’s or any Guarantor’s obligations to the Holders of the Securities by a successor to the Company pursuant to Article VIII of this Indenture;

    

    

    (e)          to make any change that would provide any
        additional rights or benefits to the Holders of the Securities or that does not adversely affect the legal rights hereunder of any such Holder;

    

    

    (f)          to comply with requirements of the SEC in
        order to effect or maintain the qualification of this Indenture under the Trust Indenture Act;

    

    

    (g)          to evidence and provide the acceptance of
        the appointment of a successor Trustee pursuant to Sections 610 and 611 of this Indenture; and

    

    

    (h)          to add a Guarantor of the Securities.

    

    

    Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or supplemental
      indenture, and upon receipt by the Trustee of the documents described in Section 603 of this Indenture, the Trustee shall join with the Company in the execution of any amended or supplemental indenture authorized or permitted by the terms of this
      Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities
      under this Indenture or otherwise.

    
      - 45 -

      
        

    

    

    

    SECTION 902. WITH CONSENT OF HOLDERS.

     

    

    Except as provided below in this Section 902, the Company and the Trustee may amend or supplement this Indenture and the Securities of any series may be
      amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount at maturity of Securities of that series then Outstanding voting as a single class (including, without limitation, consents obtained in
      connection with a purchase of, or tender offer or exchange offer for, that series of Securities), and, subject to Sections 504 and 507 hereof, any existing Default or Event of Default (other than a Default or Event of Default in the payment of the
      principal of, premium, if any, and interest, if any, on such Securities, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture or such Securities may be waived with the
      consent of the Holders of a majority in aggregate principal amount at maturity of the then Outstanding Securities of that series voting as a single class (including without limitation, consents obtained in connection with a purchase of, or tender
      offer or exchange offer for, that series of Securities).

    

    

    Upon the request of the Company accompanied by a Board Resolution authorizing the execution of any such amended or supplemental indenture, and upon the
      filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of that series of Securities as aforesaid, and upon receipt by the Trustee of the documents described in Section 603 of this Indenture, the Trustee shall
      join with the Company in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the
      Trustee may in its discretion, but shall not be obligated to, enter into such amended or supplemental indenture.

    

    

    It shall not be necessary for the consent of the Holders of Securities under this Section 902 to approve the particular form of any proposed amendment or
      waiver, but it shall be sufficient if such consent approves the substance thereof.

    

    

    After an amendment, supplement or waiver under this Section becomes effective, the Company shall mail to the Holders of Securities of any series affected
      thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amended or supplemental indenture
      or waiver.

    

    

    Subject to Sections 504 and 507 hereof, the Holders of a majority in aggregate principal amount at maturity of a series of Securities then Outstanding
      voting as a single class may waive compliance in a particular instance by the Company with any provision of this Indenture or the Securities. However, without the consent of each Holder of a series of Securities affected, an amendment or waiver under
      this Section 902 may not (with respect to the series of Securities held by a non-consenting Holder):

    

    

    (a)          reduce the principal amount of the then
        Outstanding Securities whose Holders must consent to an amendment, supplement or waiver;

    

    

    (b)          reduce the principal of or change the fixed
        maturity of any Security or alter any of the provisions with respect to the redemption of the Securities unless otherwise specifically provided for in the supplemental indenture;

    

    

    (c)          reduce the rate of or change the time for
        payment of interest on any Security;

    

    

    (d)          waive a Default or Event of Default in the
        payment of principal of, or interest or premium, if any, on the Securities (except a rescission of acceleration of the Securities by the Holders of any series of Securities of at least a majority in aggregate principal amount of the then
        Outstanding Securities of that series and a waiver of the payment default that resulted from such acceleration);

    

    

    (e)          make any Security payable in money other
        than that stated in the Security;

    

    

    (f)          make any change in the provisions of this
        Indenture relating to waivers of past Defaults or the rights of Holders of Securities to receive payments of principal of, or interest or premium, if any, on the Securities;

     

      

    
      - 46 -

      
        

    

    

    

    (g)          waive a redemption payment with respect to
        any Security (other than as may be specifically permitted by the supplemental indenture);

    

    

    (h)          cause the Securities to become subordinated
        in right of payment to any other Indebtedness;

    

    

    (i)          release any Guarantor from any of its
        obligations under its Guarantee or this Indenture, except in accordance with the terms thereof; or

    

    

    (j)          make any change in Sections 504 or 507 or
        the foregoing amendment and waiver provisions.

    

    

    SECTION 903. COMPLIANCE WITH TRUST INDENTURE ACT.

    

    

    Every amendment or supplement to this Indenture or the Securities shall be set forth in a amended or supplemental indenture that complies with the Trust
      Indenture Act as then in effect.

    

    

    SECTION 904. REVOCATION AND EFFECT OF CONSENTS.

    

    

    Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder of a Security
      and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder of a Security or subsequent
      Holder of a Security may revoke the consent as to its Security if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver becomes effective in
      accordance with its terms and thereafter binds every Holder.

    

    

    SECTION 905. NOTATION ON OR EXCHANGE OF SECURITIES.

    

    

    The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Security thereafter authenticated. The Company in exchange
      for all Securities of a series may issue and the Trustee shall, upon receipt of a written order from the Company to authenticate such Securities, authenticate new Securities that reflect the amendment, supplement or waiver.

    

    

    SECTION 906. TRUSTEE TO SIGN AMENDMENTS, ETC.

    

    

    The Trustee shall sign any amended or supplemental indenture authorized pursuant to this Article IX if the amendment or supplement does not adversely
      affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amendment or supplemental indenture until the Board of Directors approves it. In executing any amended or supplemental indenture, the Trustee shall be
      given and (subject to Section 601 of this Indenture) shall be fully protected in relying upon, in addition to the documents required by Section 603 this Indenture, an Officer’s Certificate and an Opinion of Counsel stating that the execution of such
      amended or supplemental indenture is authorized or permitted by this Indenture.

    

    

    ARTICLE X

    

    

    COVENANTS

    

    

    SECTION 1001. PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST.

    

    

    The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of (and premium, if any),
      interest on and any Additional Amounts with respect to the Securities of that series in accordance with the terms of the Securities and this Indenture.

    

    

    
      - 47 -

      
        

    

    

    

    SECTION 1002. MAINTENANCE OF OFFICE OR AGENCY.

     

    

    If Securities of a series are issuable only as Registered Securities, the Company will 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, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect
      of the Securities of that series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain
      any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee.

    

    

    The Company may also from time to time designate one or more other offices or agencies where the Securities of one or more series may be presented or
      surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each
      Place of Payment for 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.

    

    

    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 Securities, it will, on or before each due date of the principal
      of (and premium, if any) or interest on or any Additional Amounts with respect to any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if
      any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act.

    

    

    Whenever the Company shall have one or more Paying Agents for any series of Securities, the Company will, on or before each due date of the principal of
      (and premium, if any) or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons
      entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act.

    

    

    The Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which
      such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will:

    

    

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

    

    

    (2)          give the Trustee notice of any default by
        the Company (or any other obligor upon the Securities of that series) in the making of any payment of principal (and premium, if any), interest on or any Additional Amounts with respect to the Securities of that series; and

    

    

    (3)          at any time during the continuance of any
        such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent.

    

    

    The Company may at any time, for the purpose of 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 sums were held by the Company or such Paying Agent; and,
      upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money.

    
      - 48 -

      
        

    

    

    

    Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (and premium, if any)
      or interest on any Security of any series and remaining unclaimed for three years after such principal (and premium, if any) or interest has become due and payable shall, unless otherwise required by mandatory provisions of applicable escheat, or
      abandoned or unclaimed property law, be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the
      Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, 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 in the Borough of Manhattan, the City of New York and in such other Authorized Newspapers as the Trustee shall
      deem appropriate, notice that such money remains unclaimed and that, after a date specified herein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will, unless otherwise
      required by mandatory provisions of applicable escheat, or abandoned or unclaimed property law, be repaid to the Company.

    

    

    SECTION 1004. EXISTENCE.

    

    

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

    

    

    SECTION 1005. STATEMENT BY OFFICERS AS TO DEFAULT.

    

    

    The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year, an Officers’ Certificate stating that a review of the
      activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing officers with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations
      under this Indenture, and further stating, as to each such officer signing such certificate, that to the best of his or her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is
      not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he or she may have
      knowledge and what action the Company is taking or proposes to take with respect thereto) and that to the best of his or her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of or
      interest, if any, on the Securities is prohibited or if such event has occurred, a description of the event and what action the Company is taking or proposes to take with respect thereto.

    

    

    The Company shall, so long as any of the Securities are outstanding, deliver to the Trustee, forthwith and in any event within five days upon any officer
      becoming aware of any Default or Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is
      taking or proposes to take with respect thereto.

    

    

    SECTION 1006. WAIVER OF CERTAIN COVENANTS.

    

    

    The Company may omit in any particular instance to comply with any covenant or condition set forth in Section 1005, or any covenant added for the benefit
      of any series of Securities as contemplated by Section 301 (unless otherwise specified pursuant to Section 301) if before or after the time for such compliance the Holders of a majority in principal amount of the Outstanding Securities of all series
      affected by such omission (acting as one class) shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or
      condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect.

    
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    SECTION 1007. ADDITIONAL AMOUNTS.

     

    

    If the Securities of a series expressly provide for the payment of Additional Amounts, the Company will pay to the Holder of any Security of such series
      Additional Amounts as expressly provided therein. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any series or the net proceeds received
      from 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 for in this Section 1007 to the extent that, in such context, Additional Amounts are, were or would
      be payable in respect thereof pursuant to the provisions of this Section 1007 and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions
      hereof where such express mention is not made.

    

    

    If the 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 interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company shall 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 who are United States Aliens without withholding for or on account of any tax, assessment or other governmental charge described in the Securities of that series. If any such withholding shall be required, then such Officers’ Certificate shall
      specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities and the Company will pay to such Paying Agent the Additional Amounts required by this Section. The Company covenants to indemnify the
      Trustee and any Paying Agent for, and to hold them harmless against any loss, liability or expense reasonably incurred without negligence or willful misconduct 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 1007.

    

    

    ARTICLE XI

    

    

    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 shall be evidenced by a Board Resolution. In case of any redemption at the election of the Company of
      less than all the Securities of any series, the Company shall, a reasonable period prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the
      principal amount of Securities of such 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, the
      Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction.

    

    

    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 not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and that may provide for the selection for redemption of portions
      (equal to the minimum authorized denomination for Securities of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of
      that series or of the principal amount of global Securities of such series.

    
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    The Trustee shall promptly notify the Company and the Security Registrar 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 Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities 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 107 to each Holder of Securities to be redeemed not less than 30 nor more than 60
      days prior to the Redemption Date.

    

    

    All notices of redemption shall state:

    

    

    (1)          the Redemption Date,

    

    

    (2)          the Redemption Price,

    

    

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

    

    

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

    

    

    (5)          the place or places where such Securities
        are to be surrendered for payment of the Redemption Price,

    

    

    (6)          that the redemption is for a sinking fund,
        if such is the case, and

    

    

    (7)          the “CUSIP” number, if applicable.

    

    

    A notice of redemption as contemplated by Section 107 need not identify particular Registered Securities to be redeemed. Notice of redemption of Securities
      to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request and provision to the Trustee of the notice information 10 days prior to delivery of the notice, by the Trustee in the name and at the expense of
      the Company.

    

    

    SECTION 1105. DEPOSIT OF REDEMPTION PRICE.

    

    

    On or before 10:00 a.m., New York City time, on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company
      is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on and
      any Additional Amounts with respect to all the Securities to be redeemed on that date.

    
      - 51 -

      
        

    

     

      

    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, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for
      redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest (and any Additional Amounts) to the Redemption Date; provided, however, that installments of interest 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.

    

    

    If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid,
      bear interest from the Redemption Date at the rate prescribed therefor in the Security or, in the case of Original Issue Discount Securities, the Securities’ Yield to Maturity.

    

    

    SECTION 1107. SECURITIES REDEEMED IN PART.

    

    

    Any Registered Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company 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 Registered Security or Securities of the same series and Stated Maturity, 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.

    

    

    SECTION 1108. PURCHASE OF SECURITIES.

    

    

    Unless otherwise specified as contemplated by Section 301, the Company and any Affiliate of the Company may at any time purchase or otherwise acquire
      Securities in the open market or by private agreement. Such acquisition shall not operate as or be deemed for any purpose to be a redemption of the indebtedness represented by such Securities. Any Securities purchased or acquired by the Company may
      be delivered to the Trustee and, upon such delivery, the indebtedness represented thereby shall be deemed to be satisfied. Section 309 shall apply to all Securities so delivered.

    

    

    ARTICLE XII

    

    

    SINKING FUNDS

    

    

    SECTION 1201. APPLICABILITY OF ARTICLE.

    

    

    The provisions of this Article shall be applicable to any sinking fund for the retirement of 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 Securities of any series is herein referred to as an “optional sinking fund payment.” Unless otherwise provided by the terms of Securities of any series, the cash
      amount of any sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series.

    
      - 52 -

      
        

    

    

    

    SECTION 1202. SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES.

     

    

    The Company (1) may deliver Outstanding Securities of a series (other than any previously called for redemption), and (2) may apply as a credit Securities
      of a 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, in each case in
      satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided that such Securities have not
      been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking
      payment shall be reduced accordingly.

    

    

    SECTION 1203. REDEMPTION OF SECURITIES FOR SINKING FUND.

    

    

    Not less than 45 days prior (unless a shorter period shall be satisfactory to the Trustee) to each sinking fund payment date for any series of Securities,
      the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of
      cash and the portion thereof, if any, which is to be satisfied by delivery of or by crediting Securities of that series pursuant to Section 1202 and will also deliver to the Trustee any Securities to be so delivered. Not 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 Sections 1106 and 1107.

    

    

    ARTICLE XIII

    

    

    MEETINGS OF HOLDERS OF SECURITIES

    

    

    SECTION 1301. PURPOSES FOR WHICH MEETINGS MAY BE CALLED.

    

    

    A meeting of Holders of Securities of any or all 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.

    

    

    SECTION 1302. 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 1301, to be held at such time and at such place in the Borough of Manhattan, the City of New York, or in any other location, 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 107, not less than 20 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 for any such series to call a meeting of the Holders of Securities of such series for any purpose
        specified in Section 1301, 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 30 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 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.

    
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    SECTION 1303. 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 1304. QUORUM; ACTION.

    

    

    The Persons entitled to vote a majority in aggregate principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of
      Holders of Securities of such series. In the absence of a quorum within 30 minutes of the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of 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. Subject to Section 1305(d), notice of the reconvening of any adjourned meeting shall be given as provided
      in Section 1302(a), except that such notice need be given only once not less than five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly that Persons
      entitled to vote a majority in principal amount of the Outstanding Securities of such series 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 aggregate 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 or waiver which this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage that is less than a majority in aggregate 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 aggregate
      principal amount of the Outstanding Securities of that series.

    

    

    Except as limited by the fourth paragraph of Section 902, 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, whether or not present or represented at the meeting.

    

    

    SECTION 1305. DETERMINATION OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS.

    

    

    (a)          The holding of Securities shall be proved in the manner
        specified in Section 105 and the appointment of any proxy shall be proved in the manner specified in Section 105. 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 105 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 1302(b), in which case the Company or the Holders of Securities of the series calling the meeting, as the
        case may be, shall 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 aggregate principal amount of the Outstanding Securities of such
        series represented at the meeting.

    
      - 54 -

      
        

    

    

    

    (c)          At any meeting each Holder of a Security of such series and
        each proxy shall be entitled to one vote for each $1,000 principal amount (or such other amount of the minimum denomination of any series of Securities as may be provided in the establishment of such series as contemplated by Section 301 hereof) 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 as a proxy.

    

    

    (d)          Any meeting of Holders of Securities of any series duly called
        pursuant to Section 1302 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.

    

    

    SECTION 1306. 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 such record the original reports of the inspectors of
      votes on any vote by ballot taken thereat and affidavits by one or more Persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that such notice was given as provided in Section 1302 and, if applicable,
      Section 1304. 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.

    

    

    * * *

    

    

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

    

    

    [Signatures on following page]

    
      - 55 -

      
        

    

    

    

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

    

    

    
      	
               

            	
              THE YORK WATER COMPANY

              

            
	
               

            	
               

            
	
               

            	
              By: 

            	

            
	
               

            	
              Name: 

            	

            
	
               

            	
              Title: 

            	

            

    

    

    

    

    

    
      	
               

            	
               

            	, as Trustee 

            

    

    

    

    

    

    

    
      	
               

            	
              By: 

            	

            
	
               

            	
              Name: 

            	

            
	
               

            	
              Title: 

            	

            
	 	 	 

    

    

    

    - 56 -

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