Document:

Exhibit 10.6

 

working
capital loan AGREEMENT

 

THIS WORKING CAPITAL LOAN
AGREEMENT (this “Agreement”), dated as of March 18, 2022, is made and entered into by and between Vector Acquisition
Corporation II, a Cayman Islands exempted company (the “Company”), and Vector Acquisition Partners II, L.P.,
a Cayman Islands exempted partnership (the “Sponsor”) (together with the Company, the “Parties”).

 

RECITALS

 

WHEREAS, the Company
completed an initial public offering (the “Offering”) pursuant to which it issued 45,000,000 shares, par value
$0.0001 per share (the “Class A Shares”) of the Company; and

 

WHEREAS, the Sponsor
desires to enter into this Agreement in order to provide working capital to the Company prior to completion of any merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or other similar business combination by the Company with one or more businesses
(the “Business Combination”).

 

NOW, THEREFORE,
in consideration of the representations, covenants and agreements contained herein, and certain other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound, hereby agree as follows:

 

1. (a) From
time to time, as may be requested by the Company, the Sponsor agrees to advance to the Company from time to time (collectively, the “Advances”),
up to a maximum of $300,000 in the aggregate, in each instance pursuant to the terms of the form of promissory note attached as Exhibit
A hereto (the “Note”), as may be necessary to fund the Company’s working capital expenses prior
to completion of any potential Business Combination.

 

(b) The
Sponsor represents to the Company that it is capable of making such Advances to satisfy their respective obligations under clause (a)
of this Section 1.

 

(c) Notwithstanding
anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (each, a “Claim”)
in or to, and any distribution of or from the trust account established for the benefit of the public stockholders of the Company and
into which substantially all of the proceeds of the Company’s Offering are deposited (the “Trust Account”),
and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason
whatsoever; provided, however, that if the Maker completes a Business Combination, the Maker shall promptly repay the principal balance
of this Note out of the proceeds released to the Maker from the Trust Account.

 

2. This
Agreement, together with the Note, constitutes the entire agreement and understanding of the Parties hereto in respect of the advancement
of expenses contemplated herein and supersedes all prior understandings, agreements, or representations by or among the Parties hereto,
written or oral, to the extent they relate in any way thereto or to the transactions contemplated hereby in connection therewith. This
Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision,
except by a written instrument executed by the Parties hereto.

 

3. No
Party may assign either this Agreement or any of his, her or its rights, interests, or obligations hereunder without the prior written
consent of the other Party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This Agreement shall be binding on the undersigned and each of
his or its heirs, personal representatives, successors and assigns including, in the case of the Company, any successor thereto as a result
of the completion of a Business Combination.

 

     

     

    

 

4. All
notices, statements or other documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered personally
or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address
designated in writing, (ii) by facsimile to the number most recently provided to such Party or such other address or fax number as may
be designated in writing by such Party and (iii) by electronic mail, to the electronic mail address most recently provided to such Party
or such other electronic mail address as may be designated in writing by such Party. Any notice or other communication so transmitted
shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation,
if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days
after mailing if sent by mail. Such notice, statement or demand shall be addressed as follows.

 

If to the Company:

 

Vector Acquisition Corporation II

One Market Street

Steuart Tower, 23rd Floor

San Francisco, CA 94105

Attn: David Baylor

 

If to the Sponsor:

 

Vector Acquisition Partners II, L.P.

One Market Street

Steuart Tower, 23rd Floor

San Francisco, CA 94105

Attn: David Baylor

 

 

5. This
Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes be
deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

6. This
Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity
or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable
term or provision, the Parties hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to
such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

7. This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect
to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The Parties hereto
(i) agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Agreement shall be brought and
enforced in the courts of New York, in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction
and venue shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient
forum.

 

[Signature Page Follows]

 

    2

     

    

 

IN WITNESS WHEREOF,
the undersigned have caused this Agreement to be executed as of the date first written above.

 

	 	VECTOR ACQUISITION CORPORATION II
	 	 	 
	 	By:	/s/
    David Baylor 
	 	Name: 	David Baylor
	 	Title:	Chief Financial Officer
	 	 	 
	 	VECTOR ACQUISITION PARTNERS, L.P.
	 	 	 
	 	By:	/s/ David Baylor
	 	Name:	David Baylor
	 	Title:	Director

 

    3

     

    

 

Exhibit A

 

Promissory Note

 

THIS PROMISSORY NOTE (“NOTE”) HAS
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT
ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN
OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY NOTE

 

Dated as of           , 2022

Principal Amount: $300,000

(as set forth on the Schedule of Borrowings attached hereto)

New York, New York

 

Pursuant to that certain Working Capital Loan
Agreement (the “Agreement”), dated as of March 3, 2022 by and among Vector Acquisition Corporation II, a Cayman Islands
exempted company (the “Maker”), and Vector Acquisition Partners, L.P., a Cayman Islands exempted limited partnership
(“Sponsor”), the Maker promises to pay to the order of the Sponsor, or its registered assigns or successors in interest
(the “Payee”), the principal sum of Three Hundred Thousand U.S. Dollars ($300,000) (as set forth on the Schedule of
Borrowings attached hereto) in lawful money of the United States of America, on the terms and conditions described below. All payments
on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account
as the Payee may from time to time designate by written notice in accordance with the provisions of this Note. Certain terms used herein
but not defined herein shall have the meaning given to such terms in the Agreement.

 

This Note, together with that certain Promissory
Note, dated as of the date hereof, between the Maker and the Sponsor, are collectively referred to as the “Working Capital
Promissory Notes”.

 

1. Principal. The
principal balance of this Note shall be payable by the Maker on the date on which Maker consummates its Business Combination (the “Maturity
Date”). The principal balance may be prepaid at any time. Under no circumstances shall any individual, including but not limited
to any officer, director, employee or shareholder of the Maker, be obligated personally for any obligations or liabilities of the Maker
hereunder.

 

2. Interest. No
interest shall accrue on the unpaid principal balance of this Note.

 

3. Drawdown
Requests. Maker and the Payee agree that Maker may request up to Three Hundred Thousand Dollars ($300,000) to fund Maker’s
working capital expenses prior to completion of any potential Business Combination. The principal of this Note may be drawn down from
time to time prior to the Maturity Date, upon written request from Maker to the Payee (each, a “Drawdown Request”).
Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than One Thousand Dollars ($1,000) unless
agreed upon by Maker and the Payee. The Payee shall fund each Drawdown Request no later than one (1) business day after receipt of a Drawdown
Request; provided, however, that the maximum amount of drawdowns collectively under the Working Capital Promissory Notes is Three Hundred
Thousand Dollars ($300,000).

 

4.Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under
this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally
to the reduction of the unpaid principal balance of this Note.

 

5. Events
of Default. The following shall constitute an event of default (“Event of Default”):

 

(a) Failure
to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of
the Maturity Date.

 

    4

     

    

 

(b) Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation
or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian,
sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for
the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action
by Maker in furtherance of any of the foregoing.

 

(c) Involuntary
Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an
involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation
of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

6. Remedies.

 

(a) Upon
the occurrence of an Event of Default specified in Section 5(a) hereof, the Payee may, by written notice to Maker, declare this Note to
be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become
immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived,
anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b) Upon
the occurrence of an Event of Default specified in Section 5(b) or 5(c) hereof, the unpaid principal balance of this Note, and all other
sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on
the part of the Payee.

 

7. Waivers. Maker
and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and
notice of protest with regard to this Note, all errors, defects and imperfections in any proceedings instituted by the Payee under the
terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or
personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing
for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate
that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may be sold upon any
such writ in whole or in part in any order desired by the Payee.

 

8. Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other Party,
and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to
by the Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect
to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become Parties
hereto without notice to Maker or affecting Maker’s liability hereunder.

 

9. Notices. All
notices, statements or other documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered personally
or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address
designated in writing, (ii) by facsimile to the number most recently provided to such Party or such other address or fax number as may
be designated in writing by such Party and (iii) by electronic mail, to the electronic mail address most recently provided to such Party
or such other electronic mail address as may be designated in writing by such Party. Any notice or other communication so transmitted
shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation,
if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days
after mailing if sent by mail.

 

10. CONSTRUCTION. THIS
NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

    5

     

    

 

11. Severability. Any
provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

12. Trust
Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim
of any kind (each, a “Claim”) in or to, and any distribution of or from the trust account established for the
benefit of the public stockholders of the Company and into which substantially all of the proceeds of the Company’s Offering are
deposited (the “Trust Account”), and hereby agrees not to seek recourse, reimbursement, payment or satisfaction
for any Claim against the Trust Account for any reason whatsoever; provided, however, that if the Maker completes a Business Combination,
the Maker shall promptly repay the principal balance of this Note out of the proceeds released to the Maker from the Trust Account.

 

13. Amendment;
Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker
and the Payee.

 

14. Assignment. No
assignment or transfer of this Note or any rights or obligations hereunder may be made by any Party hereto (by operation of law or otherwise)
without the prior written consent of the other Party hereto and any attempted assignment without the required consent shall be void.

 

15. Conversion.

 

(a) At
the Payee’s option, at any time prior to payment in full of the principal balance of this Note, the Payee may elect to convert all
or any portion of the outstanding principal amount of this Note into that number of shares (the “Conversion Shares”)
equal to: (i) the portion of the principal amount of the Note being converted pursuant to this Section 15, divided by (ii) $10.00, rounded
up to the nearest whole number; provided, however, that the principal amount of any Working Capital Promissory Notes converted shall not
exceed in the aggregate $300,000. Each Conversion Share shall have the same terms and conditions as the private placement shares issued
by the Maker to the Payee pursuant to a private placement, as described in Maker’s Registration Statement on Form S-1 (333-253171).
The Conversion Shares and any other equity security of Maker issued or issuable with respect to the foregoing by way of a share dividend
or share split or in connection with a combination of shares, recapitalization, amalgamation, consolidation or reorganization, shall be
entitled to the registration rights set forth in that certain Registration and Shareholder Rights Agreement, dated as of March 9, 2021,
among the Company, the Payees and the other parties thereto.

 

(b) Upon
any complete or partial conversion of the principal amount of this Note, (i) such principal amount shall be so converted and such
converted portion of this Note shall become fully paid and satisfied, (ii) the Payee shall surrender and deliver this Note, duly endorsed,
to Maker or such other address which Maker shall designate against delivery of the Conversion Shares, (iii) Maker shall promptly deliver
a new duly executed Note to the Payee in the principal amount that remains outstanding, if any, after any such conversion and (iv) in
exchange for all or any portion of the surrendered Note, Maker shall deliver to Payee the Conversion Shares, which shall bear such legends
as are required, in the opinion of counsel to Maker or by any other agreement between Maker and the Payee and applicable state and federal
securities laws.

 

(c) The
Payee shall pay any and all issue and other taxes that may be payable with respect to any issue or delivery of the Conversion Shares upon
conversion of this Note pursuant hereto; provided, however, that the Payee shall not be obligated to pay any transfer taxes resulting
from any transfer requested by the Payee in connection with any such conversion.

 

(d) The
Conversion Shares shall not be issued upon conversion of this Note unless such issuance and such conversion comply with all applicable
provisions of law.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF,
Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first
above written.

 

	 	VECTOR ACQUISITION CORPORATION II
	 	 	 
	 	By:	
	 	Name:	David Baylor
	 	Title:	Chief Financial Officer
	 	 	 
	 	VECTOR ACQUISITION PARTNERS II, L.P.
	 	 	 
	 	By:	
	 	Name: 	David Baylor
	 	Title:	Director

 

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SCHEDULE OF BORROWINGS

 

The following increases or decreases in this Note have been made:

 

	Date of Increase or

 Decrease	 	Amount of Decrease in

 Principal Amount of this Note	 	Amount of Increase in

 Principal Amount of this Note	 	Principal Amount of this 

Note Following Such

 Decrease or Increase
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

Schedule of Borrowings

 

 

8Exhibit 4.4 

 

LAREDO PETROLEUM, INC.

 

and

 

THE GUARANTORS PARTY HERETO

 

to

 

[                
]

 

Trustee

 

INDENTURE

 

Dated as of [_____________]

 

SUBORDINATED DEBT SECURITIES

 

     

     

    

 

LAREDO PETROLEUM, INC.

 

Certain Sections of this Indenture
relating to Sections 310

through 318, inclusive, of the Trust Indenture Act of 1939

 

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

 

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

 

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Table of Contents 

 

Page

	Article I DEFINITIONS AND OTHER PROVISIONS OF GENERAL 

APPLICATION	1

	 	Section 101.	Definitions	1
	 	Section 102.	Compliance Certificates and Opinions	10
	 	Section 103.	Form of Documents Delivered to Trustee	11
	 	Section 104.	Acts of Holders; Record Dates	11
	 	Section 105.	Notices, Etc., to Trustee, Company and Guarantors	13
	 	Section 106.	Notice to Holders; Waiver	14
	 	Section 107.	Trust Indenture Act Matters	15
	 	Section 108.	Effect of Headings and Table of Contents	15
	 	Section 109.	Successors and Assigns	15
	 	Section 110.	Separability Clause	15
	 	Section 111.	Benefits of Indenture	15
	 	Section 112.	Governing Law	15
	 	Section 113.	Legal Holidays	15
	 	Section 114.	No Adverse Interpretation of Other Agreements	16
	 	Section 115.	No Personal Liability of Directors, Officers, Employees and Stockholders	16
	 	Section 116.	Language of Notices, Etc	16
	 	Section 117.	Force Majeure	16
	 	Section 118.	Waiver of Jury Trial	16

 

	Article II SECURITY FORMS	16

 

	 	Section 201.	Forms Generally	16
	 	Section 202.	Form of Face of Security	17
	 	Section 203.	Form of Reverse of Security	19
	 	Section 204.	Form of Legend for Global Securities	24
	 	Section 205.	Form of Trustee’s Certificate of Authentication	24

 

	Article III THE SECURITIES	24

 

	 	Section 301.	Amount Unlimited; Issuable in Series	24
	 	Section 302.	Denominations	28
	 	Section 303.	Execution, Authentication, Delivery and Dating	28
	 	Section 304.	Temporary Securities	30
	 	Section 305.	Registration, Registration of Transfer and Exchange	30
	 	Section 306.	Mutilated, Destroyed, Lost and Wrongfully Taken Securities	33
	 	Section 307.	Payment of Interest; Interest Rights Preserved	33
	 	Section 308.	Persons Deemed Owners	35
	 	Section 309.	Cancellation	35
	 	Section 310.	Computation of Interest	35
	 	Section 311.	CUSIP Numbers	35

 

    ii 

     

    

 

	Article IV SATISFACTION AND DISCHARGE	36

 

	 	Section 401.	Satisfaction and Discharge of Indenture	36
	 	Section 402.	Application of Trust Money	37

 

	Article V REMEDIES	38

 

	 	Section 501.	Events of Default	38
	 	Section 502.	Acceleration of Maturity; Rescission and Annulment	39
	 	Section 503.	Collection of Indebtedness and Suits for Enforcement by Trustee	40
	 	Section 504.	Trustee May File Proofs of Claim	41
	 	Section 505.	Trustee May Enforce Claims Without Possession of Securities	41
	 	Section 506.	Application of Money Collected	41
	 	Section 507.	Limitation on Suits	42
	 	Section 508.	Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert	42
	 	Section 509.	Restoration of Rights and Remedies	43
	 	Section 510.	Rights and Remedies Cumulative	43
	 	Section 511.	Delay or Omission Not Waiver	43
	 	Section 512.	Control by Holders	43
	 	Section 513.	Waiver of Past Defaults	43
	 	Section 514.	Undertaking for Costs	44
	 	Section 515.	Waiver of Usury, Stay or Extension Laws	44

 

	Article VI THE TRUSTEE	44

 

	 	Section 601.	Certain Duties and Responsibilities	44
	 	Section 602.	Notice of Defaults	46
	 	Section 603.	Certain Rights of Trustee	46
	 	Section 604.	Not Responsible for Recitals or Issuance of Securities	48
	 	Section 605.	May Hold Securities	48
	 	Section 606.	Money Held in Trust	48
	 	Section 607.	Compensation and Reimbursement	48
	 	Section 608.	Conflicting Interests	49
	 	Section 609.	Corporate Trustee Required; Eligibility	49
	 	Section 610.	Resignation and Removal; Appointment of Successor	50
	 	Section 611.	Acceptance of Appointment by Successor	51
	 	Section 612.	Merger, Conversion, Consolidation or Succession to Business	52
	 	Section 613.	Preferential Collection of Claims Against Company	52
	 	Section 614.	Appointment of Authenticating Agent	53

 

	Article VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	54

 

	 	Section 701.	Company to Furnish Trustee Names and Addresses of Holders	54
	 	Section 702.	Preservation of Information; Communications to Holders	54
	 	Section 703.	Reports by Trustee	55
	 	Section 704.	Reports by Company and Guarantors	55

 

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	Article VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	55

 

	 	Section 801.	Company May Consolidate, Etc., Only on Certain Terms	55
	 	Section 802.	Successor Substituted	56

 

	Article IX SUPPLEMENTAL INDENTURES	56

 

	 	Section 901.	Supplemental Indentures Without Consent of Holders	56
	 	Section 902.	Supplemental Indentures With Consent of Holders	58
	 	Section 903.	Execution of Supplemental Indentures	59
	 	Section 904.	Effect of Supplemental Indentures	60
	 	Section 905.	Conformity with Trust Indenture Act	60
	 	Section 906.	Reference in Securities to Supplemental Indentures	60
	 	Section 907.	Subordination Unimpaired	60

 

	Article X COVENANTS	60

 

	 	Section 1001.	Payment of Principal, Premium and Interest	60
	 	Section 1002.	Maintenance of Office or Agency	60
	 	Section 1003.	Money for Securities Payments to Be Held in Trust	61
	 	Section 1004.	Corporate Existence	62
	 	Section 1005.	Statement by Officers as to Default	62
	 	Section 1006.	Waiver of Certain Covenants	63

 

	Article XI REDEMPTION OF SECURITIES	63

 

	 	Section 1101.	Applicability of Article	63
	 	Section 1102.	Election to Redeem; Notice to Trustee	64
	 	Section 1103.	Selection by Trustee of Securities to Be Redeemed	64
	 	Section 1104.	Notice of Redemption	65
	 	Section 1105.	Deposit of Redemption Price	65
	 	Section 1106.	Securities Payable on Redemption Date	66
	 	Section 1107.	Securities Redeemed in Part	66
	 	Section 1108.	No Limit on Repurchases	66

 

	Article XII SINKING FUNDS	66

 

	 	Section 1201.	Applicability of Article	66
	 	Section 1202.	Satisfaction of Sinking Fund Payments with Securities	67
	 	Section 1203.	Redemption of Securities for Sinking Fund	67

 

	Article XIII DEFEASANCE AND COVENANT DEFEASANCE	67

 

	 	Section 1301.	Company’s Option to Effect Defeasance or Covenant Defeasance	67
	 	Section 1302.	Defeasance and Discharge	68

 

    iv

     

    

 

	 	Section 1303.	Covenant Defeasance	68
	 	Section 1304.	 Conditions to Defeasance or Covenant Defeasance	69
	 	Section 1305.	Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions	70
	 	Section 1306.	Reinstatement	71

 

	Article XIV GUARANTEES	71

 

	 	Section 1401.	Guarantees	71

 

	Article XV SUBORDINATION OF SECURITIES	75

 

	 	Section 1501.	Securities Subordinate to Senior Debt	75
	 	Section 1502.	Payment Over of Proceeds Upon Dissolution, Etc	75
	 	Section 1503.	Prior Payment to Senior Debt Upon Acceleration of Securities	76
	 	Section 1504.	No Payment When Senior Debt in Default	77
	 	Section 1505.	Payment Permitted in Certain Situations	78
	 	Section 1506.	Subrogation to Rights of Holders of Senior Debt	78
	 	Section 1507.	Provisions Solely to Define Relative Rights	78
	 	Section 1508. 	Trustee to Effectuate Subordination	79
	 	Section 1509.	No Waiver of Subordination Provisions	79
	 	Section 1510.	Notice to Trustee	79
	 	Section 1511.	Reliance on Judicial Order or Certificate of Liquidating Agent	80
	 	Section 1512.	Trustee Not Fiduciary For Holders of Senior Debt	80
	 	Section 1513.	Rights of Trustee as Holder of Senior Debt; Preservation of Trustees Rights	80
	 	Section 1514.	Article Applicable to Paying Agents	80

 

    v

     

    

 

INDENTURE,
dated as of [ ],[ ] among Laredo Petroleum, Inc., a corporation duly organized and existing under the laws of the State of Delaware (herein
called the “Company”), having its principal office at 15 West Sixth Street, Suite 900, Tulsa, Oklahoma 74119,
the Guarantors (as defined hereinafter), each having its principal office at 15 West Sixth Street, Suite 900, Tulsa, Oklahoma 74119, and
[ ], a [ ] duly organized and existing under the laws of [ ], as Trustee (herein called the “Trustee”).

 

RECITALS OF THE COMPANY 

 

The Company has duly authorized
the execution and delivery of this Indenture to provide for the issuance from time to time of its 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.

 

Each of the Initial Guarantors
has duly authorized the execution and delivery of this Indenture to provide for the guarantee by such Initial Guarantor of such series
of Securities as to which such guarantee has been made applicable as provided herein.

 

All things necessary to make
this Indenture a valid agreement of the Company and of the Initial Guarantors 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 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 other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein;

 

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

 

(4)       
unless the context otherwise requires, any reference to an “Article” or a “Section”
refers to an Article or a Section, as the case may be, of this Indenture;

 

     

     

    

 

(5)        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;

 

(6)        when used with respect to any Security, the words “convert,” “converted” and “conversion” are
intended to refer to the right of the Holder or the Company to convert or exchange such Security into or for securities or other property
in accordance with such terms, if any, as may hereafter be specified for such Security as contemplated by Section 301, and these
words are not intended to refer to any right of the Holder or the Company to exchange such Security for other Securities of the same series
and like tenor pursuant to Section 304, 305, 306, 906 or 1107 or another similar provision of this
Indenture, unless the context otherwise requires; and references herein to the terms of any Security that may be converted mean such terms
as may be specified for such Security as contemplated in Section 301;

 

(7)        unless the context otherwise requires, any reference to “duly provided for” and other words of similar import with
respect to any amount or property required to be paid or delivered, as applicable, shall include, without limitation, having made such
amount or property available for payment or delivery;

 

(8)        references to sections of or rules under the Securities Act shall be deemed to include substitute, replacement of successor sections
or rules adopted by the Commission from time to time;

 

(9)        when the words “includes” or “including” are used herein, they shall be deemed to be followed by the words
 “without limitation;” and

 

(10)      “or” is not exclusive.

 

“Act,”
when used with respect to any Holder, has the meaning specified in Section 104.

 

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

 

“Applicable Procedures”
of a Depositary means, with respect to any matter at any time, the policies and procedures of such Depositary, if any, that are applicable
to such matter at such time.

 

“Authenticating
Agent” means, when used with respect to Securities of any series, any Person authorized by the Trustee to act on behalf
of the Trustee to authenticate the Securities of such series.

 

    2

     

    

 

“Board of Directors”
means either the board of directors of the Company (or, if the Company is organized as a limited partnership, the general partner thereof)
or any duly authorized committee of that board.

 

“Board Resolution”
means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board
of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. Where any provision of
this Indenture refers to action to be taken pursuant to a Board Resolution (including the establishment of any series of the Securities
and the forms and terms thereof), such action may be taken by any officer or employee of the Company authorized to take such action by
the Board of Directors as evidenced by a Board Resolution.

 

“Business Day,”
when used with respect to any Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which
banking institutions in that Place of Payment are authorized or obligated by law or executive order to close; provided that, when
used with respect to any Security, “Business Day” may have such other meaning, if any, as may be specified for
such Security as contemplated by Section 301.

 

“Capital Stock”
means:

 

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

 

(2)           in
the case of a limited liability company or similar entity, any membership or similar interests therein;

 

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

 

(4)           in
the case of a partnership, partnership interests (whether general or limited); and

 

(5)           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.

 

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

 

“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”
or “Company Order” means a written request or order signed in the name of the Company by any two Officers of
the Company.

 

“Corporate Trust
Office” means the principal office of the Trustee at which at any particular time its corporate trust business shall be
administered and which, at the date hereof, is located at [           ], Facsimile [           ], attention [           ].

 

    3

     

    

 

“corporation”
means a corporation, association, company (including a limited liability company), joint-stock company, business trust or other business
entity (other than a partnership).

 

“Covenant Defeasance”
has the meaning specified in Section 1303.

 

“Credit Agreement”
means the credit agreement dated as of __________,____, among the Company, the financial institutions party thereto as lenders, and ________________,
as administrative agent, together with related documents thereto including any guarantee agreements and security documents, as amended,
modified supplemented, restated, renewed, refunded, replaced, restructured repaid or refinanced from time to time (including any agreement
extending the maturity thereof or increasing the amount of available borrowings thereunder or adding entities as additional borrowers
or guarantors thereunder) whether with the original agents and lenders or otherwise and whether provided under the original credit agreement
or other credit agreements or otherwise.

 

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

 

“Defeasance”
has the meaning specified in Section 1302.

 

“Depositary”
means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global Securities, a clearing
agency registered under the Exchange Act that is designated to act as depositary for such Securities as contemplated by Section 301.

 

“DTC”
has the meaning specified in Section 104.

 

“Equity Interests”
means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible
into, or exchangeable for, Capital Stock).

 

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

 

“Exchange Act”
means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to time.

 

“Expiration Date”
has the meaning specified in Section 104.

 

“GAAP”
means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the
American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board, the
Public Company Accounting Oversight Board or in such other statements by such other entity as have been approved by a significant segment
of the accounting profession, which are in effect from time to time. All ratio computations based on GAAP contained in this Indenture
will be computed in conformity with GAAP.

 

“Global Security”
means a Security that evidences all or part of the Securities of any series and bears the legend set forth in Section 204 (or such
legend as may be specified as contemplated by Section 301 for such Securities).

 

    4

     

    

 

“Guarantee”
means a guarantee of any Securities by a Guarantor as contemplated by Article XIV; provided that the term “Guarantee,”
when used with respect to any Security or with respect to the Securities of any series, means a guarantee of such Security or of the Securities
of such series, respectively, by a Guarantor of such Security or of the Securities of such series, respectively, as contemplated by Article
XIV.

 

“Guarantor”
means each of the Initial Guarantors and any other Person who shall have become a Guarantor under this Indenture pursuant to Section
901 hereof, in each case unless and until a successor Person shall have become a successor thereto pursuant to the applicable provisions
of this Indenture in place thereof, and thereafter references to such Guarantor shall mean such successor Person; provided that (i) the
term “Guarantor,” when used, with respect to the Securities of any series, means the Persons who shall from time to time be
the Guarantors of Securities of such series as contemplated by Article XIV; and (ii) any Person constituting a Guarantor with respect
to the Securities of a series shall cease to constitute a Guarantor with respect to Securities of such series when its Guarantee is released
with respect to Securities of such series in accordance with the terms of this Indenture.

 

“Guarantor’s
Board of Directors” means, with respect to any Guarantor, either the board of directors (or other governing body) of such
Guarantor (or, if such Guarantor is organized as a limited partnership, the general partner of such Guarantor) or any duly authorized
committee of such board (or other governing body).

 

“Guarantor’s
Board Resolution” means, with respect to any Guarantor, a copy of a resolution certified by the Secretary or an Assistant
Secretary of such Guarantor to have been duly adopted by such Guarantor’s Board of Directors and to be in full force and effect
on the date of such certification, and delivered to the Trustee. Where any provision of this Indenture refers to action to be taken pursuant
to a Guarantor’s Board Resolution, such action may be taken by any officer or employee of such Guarantor authorized to take such
action by such Guarantor’s Board of Directors as evidenced by a Guarantor’s Board Resolution.

 

“Guarantor’s
Officers’ Certificate” means, with respect to any Guarantor, a certificate signed by any two of the following: a Chairman
of the Board, a Chief Executive Officer, a President, a Vice President, a Treasurer, an Assistant Treasurer, a Secretary or an Assistant
Secretary of such Guarantor, or any other officer or officers of such Guarantor designated in a writing by or pursuant to authority of
such Guarantor’s Board of Directors and delivered to the Trustee from time to time.

 

“Guarantor Request”
or “Guarantor Order” means, with respect to any Guarantor, a written request or order signed in the name of
such Guarantor by any two Officers of such Guarantor.

 

“Holder”
means a Person in whose name a Security is, at the time of determination, registered in the Security Register.

 

    5

     

    

 

“Indebtedness”
means, with respect to any Person, without duplication, any indebtedness of such Person, whether or not contingent: (i) in respect of
borrowed money; (ii) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in
respect thereof); (iii) in respect of banker’s acceptances; (iv) representing capital lease obligations; (v) representing the balance
deferred and unpaid of the purchase price of any property, except any such balance that constitutes an accrued expense or trade payable;
or (vi) representing any hedging obligation, if and to the extent any of the foregoing indebtedness (other than letters of credit and
hedging obligations) would appear as a liability upon a balance sheet of such Person prepared in accordance with GAAP. In addition, the
term “Indebtedness” includes (x) all indebtedness of any other Person, of the types described above in clauses (i) through
(vi), secured by a lien on any asset of such Person (whether or not such indebtedness is assumed by such Person), and (y) to the extent
not otherwise included, the guarantee by such Person of any indebtedness of any other Person of the types described above in clauses (i)
through (vi).

 

“Indenture”
means this instrument as originally executed and 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, including, for all purposes of this instrument and any such supplemental
indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental
indenture, respectively. The term “Indenture” shall also include the terms of any particular series or specific
Securities within a series and of any Guarantees thereof established as contemplated by Section 301.

 

“Initial Guarantor”
or “Initial Guarantors” means Laredo Midstream Services, LLC, a Delaware limited liability company, and Garden
City Minerals, LLC, a Delaware limited liability company.

 

“interest,”
when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable
after Maturity.

 

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

 

“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.

 

“Notice of Default”
means a written notice of the kind specified in Section 501(4).

 

    6

     

    

 

“Officer”
means, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer,
the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person
(or, if such Person is a partnership, the general partner thereof) or any other officer or officers of such Person (or such general partner)
designated in a writing by or pursuant to authority of the Board of Directors (if such Person is the Company) or the Guarantor’s
Board of Directors with respect to such Guarantor (if such Person is a Guarantor) and delivered to the Trustee from time to time.

 

“Officers’
Certificate” means a certificate signed on behalf of the Company by at least two Officers of the Company, one of whom shall
be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company,
that meets the requirements of Section 102.

 

“Opinion of Counsel”
means a written opinion from legal counsel (who may be an employee of or counsel for the Company or any Affiliate thereof) who is reasonably
acceptable to the Trustee that meets the requirements of Section 102.

 

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

 

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

 

(1)       Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation;

 

(2)       Securities for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any
Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own
Paying Agent) for the Holders of such 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;

 

(3)       Securities as to which Defeasance has been effected pursuant to Section 1302;

 

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

 

(5)       Securities as to which any property deliverable upon conversion thereof has been delivered (or such delivery has been duly provided
for), or as to which any other particular conditions have been satisfied, in each case as may be provided for such Securities as contemplated
in Section 301;

 

provided,
however, that in determining whether the Holders of the requisite
principal amount of the Outstanding Securities have given, made or taken any request, demand, authorization, direction, notice, consent,
waiver or other action hereunder as of any date, (A) the principal amount of an Original Issue Discount Security which shall be deemed
to be Outstanding shall be the amount of the principal thereof which would be due and payable as of such date upon acceleration of the
Maturity thereof to such date pursuant to Section 502, (B) if, as of such date, the principal amount payable at the Stated Maturity
of a Security is not determinable, the principal amount of such Security which shall be deemed to be Outstanding shall be the amount as
specified or determined as contemplated by Section 301, (C) the principal amount of a Security denominated in one or more foreign
currencies, composite currencies or currency units which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined
as of such date in the manner provided as contemplated by Section 301, of the principal amount of such Security (or, in the case
of a Security described in Clause (A) or (B) above, of the amount determined as provided in such Clause), and (D) Securities owned by
the Company, any Guarantor of the Securities or any other obligor upon the Securities or any Affiliate of the Company or any such Guarantor
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, waiver or other action, only Securities
which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned which have been
pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s
right so to act with respect to such Securities and that the pledgee is not the Company or any Guarantor of such Securities or any other
obligor upon the Securities or any Affiliate of the Company or a Guarantor of the Securities or such other obligor.

 

    7

     

    

 

“Paying Agent”
means any Person authorized by the Company to pay the principal of or any premium or interest on any Securities on behalf of the Company.

 

“Person”
means any individual, corporation, partnership, joint venture, trust, unincorporated organization or government or any agency or political
subdivision thereof.

 

“Place of Payment,”
when used with respect to the Securities of any series and subject to Section 1002, means the place or places where the principal
of and any premium and interest on the Securities of that series are payable as contemplated by Section 301.

 

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

 

“Regular Record
Date” for the interest payable on any Interest Payment Date on the Securities of any series, means the date specified for
that purpose as contemplated by Section 301.

 

“Responsible Officer,”
when used with respect to the Trustee, means any officer within the corporate trust department of the Trustee (or any successor group
of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated
officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because
of his or her 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.

 

    8

     

    

 

“Securities Act”
means the Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time.

 

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

 

“Senior Debt”
means, with respect to an Issuer: (a) Indebtedness of such Issuer under or in respect of the Credit Agreement, whether for principal,
interest (including interest accruing after the filing of a petition initiating any proceeding pursuant to any bankruptcy law, whether
or not the claim for such interest is allowed as a claim in such proceeding), reimbursement obligations, fees, commissions, expenses,
indemnities or other amounts; and (b) any other Indebtedness of such Issuer permitted under the terms of this Indenture, unless the instrument
under which such Indebtedness is incurred expressly provides that it is on a parity in right of payment with or subordinated in right
of payment to the Securities. Notwithstanding the foregoing, “Senior Debt” will not include: (i) Equity Interests; (ii) any
liability for federal, state, local or other taxes due or owed by such Issuer; (iii) any Indebtedness of such Issuer to any Subsidiaries
or Affiliates of the Company; (iv) any trade payables; or (v) any Indebtedness that is incurred in violation of this Indenture.

 

“Senior Guarantor
Debt” means, with respect to any Guarantor: (a) Indebtedness of such Guarantor under or in respect of the Credit Agreement,
whether for principal, interest (including interest accruing after the filing of a petition initiating any proceeding pursuant to any
bankruptcy law, whether or not the claim for such interest is allowed as a claim in such proceeding), reimbursement obligations, fees,
commissions, expenses, indemnities or other amounts; and (b) any other Indebtedness permitted under the terms of this Indenture, unless
the instrument under which such Indebtedness is incurred expressly provides that it is on a parity in right of payment with or subordinated
in right of payment to such Guarantor’s Guarantee of the Securities. Notwithstanding the foregoing, “Senior Guarantor Debt”
will not include: (i) Equity Interests; (ii) any liability for federal, state, local or other taxes due or owed by such Guarantor; (iii)
any Indebtedness of such Guarantor to any of its Subsidiaries or Affiliates; (iv) any trade payables; or (v) any Indebtedness that is
incurred in violation of this Indenture.

 

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

 

“Stated Maturity,”
when used with respect to any 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,”
with respect to any Person, means any (i) corporation (other than a partnership) of which the outstanding Capital Stock having a majority
of the votes entitled to be cast in the election of directors, managers or trustees of such corporation under ordinary circumstances shall
at the time be owned, directly or indirectly, by such Person or any other Person of which a majority of the voting interests under ordinary
circumstances is at the time, directly or indirectly, owned by such Person or (ii) any partnership (a) the sole general partner or the
managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are that Person
or one or more Subsidiaries of that Person (or any combination thereof).

 

    9

     

    

 

“Trust Indenture
Act” means the Trust Indenture Act of 1939 as in force at the date as of which this Indenture was executed; provided,
however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act”
means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended.

 

“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.

 

“Uniform Commercial
Code” means the Uniform Commercial Code in effect in the State of Delaware or the State of New York, as applicable, in each
case as amended from time to time.

 

“U.S. Government
Obligation” has the meaning specified in Section 1304.

 

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

 

Section
102.     Compliance Certificates and Opinions.
Upon any application or request by the Company or a Guarantor to the Trustee to take any action under any provision of this Indenture,
the Company or such Guarantor, as the case may be, shall furnish to the Trustee such certificates and opinions as may be required under
the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officers’ Certificate, if to be given
by an officer of the Company, or a Guarantor’s Officers’ Certificate, if to be given by an officer of any Guarantor, or an
Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements
set forth in this Indenture. 

 

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

 

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

 

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

 

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

 

    10

     

    

 

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

 

Section
103.     Form of Documents Delivered to Trustee.
In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary
that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by
only one document, but one such Person may certify or give an opinion 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 or a Guarantor 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, or representation by, 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 or such Guarantor, as the case may be, stating that the information with respect to such factual
matters is in the possession of the Company or such Guarantor, as the case may be, unless such counsel knows 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.

 

Section
104.    Acts of Holders; Record Dates.
Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given,
made or taken by Holders 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 or agents duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company
and any Guarantor. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred
to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument
or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Section 601) conclusive
in favor of the Trustee, the Company and any Guarantor, if made in the manner provided in this Section. 

 

Without limiting the generality
of this Section, unless otherwise provided in or pursuant to this Indenture, (i) a Holder, including a Depositary or its nominee that
is a Holder of a Global Security, may give, make or take, by an agent or agents duly appointed in writing, any request, demand, authorization,
direction, notice, consent, waiver or other action provided or permitted in or pursuant to this Indenture to be given, made or taken by
Holders, and a Depositary or its nominee that is a Holder of a Global Security may duly appoint in writing as its agent or agents members
of, or participants in, such Depositary holding interests in such Global Security in the records of such Depositary; and (ii) with respect
to any Global Security the Depositary for which is The Depository Trust Company (“DTC”), any consent or other
action given, made or taken by an “agent member” of DTC by electronic means in accordance with the Automated
Tender Offer Procedures system or other Applicable Procedures of, and pursuant to authorization by, DTC shall be deemed to constitute
the “Act” of the Holder of such Global Security, and such Act shall be deemed to have been delivered to the
Company, any Guarantor and the Trustee upon the delivery by DTC of an “agent’s message” or other notice
of such consent or other action having been so given, made or taken in accordance with the Applicable Procedures of DTC.

 

    11

     

    

 

The fact and date of the execution
by any Person of any 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.

 

The ownership of Securities
shall be proved by the Security Register.

 

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 or any Guarantor in reliance thereon, whether or not notation
of such action is made upon such Security.

 

With respect to Securities
of any series, the Company and, if provided in the terms of any Guarantees of any Guarantor of Securities of such series, any such Guarantor
may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of such series entitled to give,
make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture
to be given, made or taken by Holders of Securities of such series, provided that neither the Company nor such Guarantor may set a record
date for, and the provisions of this paragraph shall not apply with respect to, the giving, making or taking of any notice, declaration,
request or direction referred to in the next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding
Securities of the relevant series on such record date, and no other Holders, shall be entitled to give, make or take the relevant action,
whether or not such Holders remain Holders after such record date; provided, however, that no such action shall be effective
hereunder unless given, made or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding
Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Company or any such Guarantor
from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the
record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph
shall be construed to render ineffective any action given, made or taken by Holders of the requisite principal amount of Outstanding Securities
of the relevant series on the date such action is given, made or taken. Promptly after any record date is set pursuant to this paragraph,
the Company or such Guarantor, as the case may be, at its own expense, shall cause notice of such record date, the proposed action by
Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of Securities of the relevant series
in the manner set forth in Sections 105 and 106.

 

    12

     

    

 

The Trustee may set any day
as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to join in the giving, making
or taking of (i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 502, (iii) any request to institute
proceedings referred to in Section 507(2) or (iv) any direction referred to in Section 512, in each case with respect to
Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of such series
on such record date, and no other Holders, shall be entitled to give, make or take such notice, declaration, request or direction, whether
or not such Holders remain Holders after such record date; provided, however, that no such action shall be effective hereunder
unless given, made or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding
Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new
record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously
set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed
to render ineffective any action given, made or taken by Holders of the requisite principal amount of Outstanding Securities of the relevant
series on the date such action is given, made or taken. Promptly after any record date is set pursuant to this paragraph, the Trustee,
at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date
to be given to the Company and any Guarantor in writing and to each Holder of Securities of the relevant series in the manner set forth
in Sections 105 and 106.

 

With respect to any record
date set pursuant to this Section, the party hereto which sets such record date may designate any day as the “Expiration Date”
and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective
unless notice of the proposed new Expiration Date is given to the other party hereto in writing, and to each Holder of Securities of the
relevant series in the manner set forth in Section 106, on or prior to the existing Expiration Date. If an Expiration Date is not
designated with respect to any record date set pursuant to this Section, the party hereto which set such record date shall be deemed to
have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to change
the Expiration Date to an earlier day as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later
than the 180th day after the applicable record date.

 

Without limiting the foregoing,
a Holder entitled hereunder to give, make or take any action hereunder with regard to any particular Security may do so, in person or
by an agent duly appointed in writing, with regard to all or any part of the principal amount of such Security.

 

Section
105.    Notices, Etc., to Trustee, Company and Guarantors.
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 or any Guarantor shall
be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if made, given, furnished or filed in writing and
delivered in Person, mailed by first class mail (registered or certified, return receipt requested), transmitted by facsimile or sent
by overnight courier guaranteeing next Business Day delivery to or with the Trustee addressed to it at its Corporate Trust Office or (2)
the Company or a Guarantor by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly
provided) if made, given, furnished or filed in writing and delivered in Person, mailed by first class mail (registered or certified,
return receipt requested), transmitted by facsimile or sent by overnight courier guaranteeing next Business Day delivery, to or with the
Company or such Guarantor, as the case may be, addressed to it at the address of its principal office specified in the first paragraph
of this instrument, Attention: Chief Financial Officer, or at any other address previously furnished in writing to the Trustee by the
Company.

 

    13

     

    

 

All requests, demands, authorizations,
directions, notices, consents, waivers or Acts of Holders or other such documents made, given, furnished or filed with or to the Trustee,
the Company or any Guarantor shall be deemed to have been duly made, given furnished or filed: (i) at the time delivered by hand, if personally
delivered; (ii) five calendar days after being deposited in the mail, postage prepaid, if mailed; (iii) when receipt is acknowledged,
if telecopied; and (iv) the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next
Business Day delivery. Notices given by publication will be deemed given on the first date on which publication is made.

 

Section
106.     Notice to Holders; Waiver.
Where this Indenture provides for notice or other communication to Holders of any event, such notice shall be sufficiently given (unless
otherwise herein expressly provided) if given in writing and mailed by first class mail (registered or certified, return receipt requested)
or sent by overnight air courier guaranteeing next Business Day delivery, to each Holder affected by such event, at such Holder’s
address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest date (if any),
prescribed for the giving of such notice or other communication. Any notice or other communication shall also be so mailed or sent to
any Person described in Section 313(c) of the Trust Indenture Act, to the extent required by the Trust Indenture Act. Failure to mail
or send a notice or other 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 or sent in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it.
Where this Indenture provides for notice or other communication in any manner, such notice or other communication may be waived in writing
by the Person entitled to receive such notice or other communication, either before or after the event, and such waiver shall be the equivalent
of such notice or other communication. Waivers of notice or other communication 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. If the Company mails a notice or
communication to the Holders, it shall mail a copy to the Trustee at the same time.

 

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 or other communication by mail,
then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose
hereunder.

 

Where this Indenture provides
for notice or other communication with respect to any event to a Holder of a Global Security, such notice or other communication shall
be sufficiently given if given to the Depositary for such Security (or its designee), pursuant to its Applicable Procedures, not later
than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice or other communication.

 

    14

     

    

 

 

Section
107.     Trust Indenture Act Matters.
If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act which is required under such Act to
be a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any
provision of the Trust Indenture Act which may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture
as so modified or to be excluded, as the case may be. 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.

 

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

 

Section
109.     Successors and Assigns.
All covenants and agreements in this Indenture and the Securities by the Company and the Trustee and, except as otherwise provided in
Section 802 and Section 1401, any Guarantor shall bind their respective successors and assigns, whether so expressed or
not. 

 

Section
110.     Separability Clause.
In case any provision in this Indenture, or in the Securities (or in any Guarantees endorsed thereon or attached thereto) shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired
thereby. 

 

Section
111.     Benefits of Indenture.
Nothing in this Indenture or in the Securities (or in any Guarantees endorsed thereon or attached thereto), express or implied, shall
give to any Person, other than the parties hereto and their successors hereunder, the holders of Senior Debt and any Senior Guarantor
Debt and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture, except as may otherwise be provided
pursuant to Section 301 with respect to any Securities of a particular series or under this Indenture with respect to such Securities.

 

Section
112.     Governing Law. This
Indenture, the Guarantees and the Securities and the rights and obligations of the parties hereto and thereto, including the interpretation,
construction, validity and enforceability thereof, shall be governed by and construed and interpreted in accordance with the law of the
State of New York. 

 

Section
113.     Legal Holidays. In
any case where any Interest Payment Date, Redemption Date or Maturity of any Security, or any date on which a Holder has the right to
convert his Security, shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture
or of the Securities (other than a provision of any Security which specifically states that such provision shall apply in lieu of this
Section)) payment of interest or principal (and premium, if any), or conversion of such Security 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 Maturity, or on such date for conversion, as the case may be. 

 

    15

     

    

 

Section
114.     No Adverse Interpretation of Other Agreements.
This Indenture may not be used to interpret any other indenture, loan or other agreement of the Company or any Guarantor or any Subsidiaries
of the Company or any Guarantor or of any other Person. Any such indenture, loan or other agreement may not be used to interpret this
Indenture. 

 

Section
115.     No Personal Liability of Directors, Officers, Employees and Stockholders.
No past, present or future director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, will have
any liability for any obligations of the Company or any Guarantor, respectively, under the Securities or this Indenture or for any claim
based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities by accepting a Security waives
and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. The waiver may not
be effective to waive liabilities under the federal securities laws. 

 

Section
116.     Language of Notices, Etc.
Any request, demand, authorization, direction, notice, consent, waiver, other action or Act provided or permitted under this Indenture
shall be in the English language, except that any published notice may be in an official language of the country of publication.

 

Section
117.     Force Majeure. Subject
to Section 601, 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 that are consistent with accepted practices in the banking industry to resume performance as soon as practicable
under the circumstances.

 

Section
118.     Waiver of Jury Trial.
EACH OF THE COMPANY, EACH GUARANTOR AND THE TRUSTEE HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE.

 

Article
II

SECURITY FORMS

 

Section
201.     Forms Generally.
As to each series of Securities, (i) the Securities of such series shall be in substantially the form set forth in this Article, or in
such other form as shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, and (ii)
if the Securities of such series are to be guaranteed by the Guarantees of any Guarantor as provided in Section 301 and the terms
of such Securities provide for the endorsement thereon or attachment thereto of Guarantees by such Guarantor, such Guarantees to be endorsed
on or attached to such Securities shall be in substantially such form as shall be established by or pursuant to a Guarantor’s Board
Resolution of such Guarantor or in one or more indentures supplemental hereto, in the case of (i) or (ii), 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 Depositary therefor or as may, consistently herewith, be determined by the officers executing such Securities or Guarantees,
respectively, as evidenced by their execution thereof. If the form of Securities of any series is established by action taken pursuant
to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of
the Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 303 for the authentication
and delivery of such Securities. If the form of any Guarantees by any Guarantor to be endorsed on Securities of any series is established
by action taken pursuant to a Guarantor’s Board Resolution of such Guarantor, a copy of an appropriate record of such action shall
be certified by the Secretary or an Assistant Secretary of such Guarantor and delivered to the Trustee at or prior to the delivery of
the Guarantor Order contemplated by Section 303 for the authentication and delivery of such Securities with such Guarantee endorsed
thereon. For purposes hereof, a Guarantee that is endorsed on, or otherwise attached to, a Security shall be deemed “endorsed”
on such Security.

 

    16

     

    

 

The definitive Securities
and any Guarantees endorsed thereon shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other
manner, all as determined by the officers of the Company executing such Securities or, if such Guarantees by any Guarantor are executed
by such Guarantor, by the officers of such Guarantor executing such Guarantees, respectively, as evidenced by their execution of such
Securities or, if such Guarantees by any Guarantor are executed by such Guarantor, by the officers of such Guarantor executing such Guarantees,
respectively.

 

Anything herein to the contrary
notwithstanding, there shall be no requirement that any Security have endorsed thereon or attached thereto a Guarantee or a notation of
a Guarantee, but such a Guarantee or notation of a Guarantee may be endorsed thereon or attached thereto as contemplated by this Section
201.

 

Section
202.     Form of Face of Security.

 

[Insert
any legend required by the Internal Revenue Code and the regulations thereunder.]

 

CUSIP [ ]

 

	No.
___	$______________

 

LAREDO PETROLEUM, INC.

 

Laredo
Petroleum, inc., a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”,
which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to __________________,
or registered assigns, the principal sum of ________________ Dollars on __________________ [if the Security is to bear interest prior
to Maturity, insert — , and to pay interest thereon from __________ or from the most recent Interest Payment Date to which interest
has been paid or duly provided for, semi-annually on __________ and __________ in each year, commencing __________, and at the Maturity
thereof, at the rate of __________% per annum, until the principal hereof is paid or made available for payment, [if applicable, insert
 –, provided that any premium, and any such installment of interest, which is overdue shall bear interest at the rate of __________%
per annum (to the extent that the payment of such interest shall be legally enforceable), from the date such overdue amount is due until
such amount is paid or duly provided for, and such interest on any overdue amount shall be payable on demand]. The interest so payable,
and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such
interest, which shall be the __________ or __________ (whether or not a Business Day), as the case may be, next preceding such Interest
Payment Date. Any such interest so payable, but not punctually paid or duly provided for, will forthwith cease to be payable to the Holder
on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice
whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid in
any other lawful manner not inconsistent with the requirements of any securities exchange on which this Security may be listed, and upon
such notice as may be required by such exchange, all as more fully provided in said Indenture.]

 

    17

     

    

 

[If the Security is not to
bear interest prior to Maturity, insert — The principal of this Security shall not bear interest except in the case of a default
in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal and any overdue
premium shall bear interest at the rate of _______% per annum (to the extent that the payment of such interest shall be legally enforceable),
from the dates such amounts are due until they are paid or made available for payment. Interest on any overdue principal or premium shall
be payable on demand. Any such interest on overdue principal or premium which is not paid on demand shall bear interest at the rate of
_______% per annum (to the extent that the payment of such interest on interest shall be legally enforceable), from the date of such demand
until the amount so demanded is paid or made available for payment. Interest on any overdue interest shall be payable on demand.]

 

Payment of the principal
of (and premium, if any) and [if applicable, insert — any such] interest on this Security will be made at the office
or agency of the Company maintained for that purpose in New York, New York, in such coin or currency of the United States of America
as at the time of payment is legal tender for payment of public and private debts, against surrender of this Security in the case of
any payment due at the Maturity of the principal thereof or any payment of interest becomes payable on a day other than an Interest Payment
Date; provided, however, that if this Security is not a Global Security, (i) payment of interest on an Interest Payment
Date will be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register;
and all other payments will be made by check against surrender of this Security; (ii) all payments by check will be made in next-day
funds (i.e., funds that become available on the day after the check is cashed); and (iii) notwithstanding clauses (i) and (ii)
above, with respect to any payment of any amount due on this Security, if this Security is in a denomination of at least $1,000,000 and
the Holder hereof at the time of surrender hereof or, in the case of any payment of interest on any Interest Payment Date, the Holder
thereof on the related Regular Record Date delivers a written request to the Paying Agent to make such payment by wire transfer at least
five Business Days before the date such payment becomes due, together with appropriate wire transfer instructions specifying an account
at a bank in New York, New York, the Company shall make such payment by wire transfer of immediately available funds to such account
at such bank in New York City, any such wire instructions, once properly given by a Holder as to this Security, remaining in effect as
to such Holder and this Security unless and until new instructions are given in the manner described above and provided further,
that notwithstanding anything in the foregoing to the contrary, if this Security is a Global Security, payment shall be made pursuant
to the Applicable Procedures of the Depositary as permitted in said Indenture.

 

    18

     

    

 

Reference is hereby made to
the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same
effect as if set forth at this place.

 

Unless the certificate of
authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

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

 

	 	LAREDO PETROLEUM, INC., a
	 	Delaware corporation
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Section
203.     Form of Reverse of Security.
This Security is one of a duly authorized issue of senior securities of the Company (herein called the “Securities”),
issued and to be issued in one or more series under an Indenture, dated as of [______________] (herein called the “Indenture”,
which term shall have the meaning assigned to it in such instrument), among the Company[if applicable, insert – , the Guarantors]
and [___________], as Trustee (herein called the “Trustee,” which term includes any successor trustee under
the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties
and immunities thereunder of the Company, the Guarantors, the Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof [if applicable,
insert — limited in aggregate principal amount to $__________].

 

This Security is the general,
unsecured, senior obligation of the Company [if applicable, insert —and is guaranteed pursuant to a guarantee (the “Guarantee”)
by [insert name of each Guarantor] and any other Person who shall become such in accordance with the Indenture (the “Guarantors”).
The Guarantee by each Guarantor is the general, unsecured, senior obligation of such Guarantor, subject to the release and discharge thereof
as provided in the Indenture].

 

    19

     

    

 

[If applicable, insert —
The Securities of this series are subject to redemption upon not less than 30 days’ nor more than 60 days’ notice, at any
time [if applicable, insert — on or after [__________], 20[__]], as a whole or in part, at the election of
the Company, at the following Redemption Prices (expressed as percentages of the principal amount): If redeemed [if applicable,
insert — on or before [__________],[__]%, and if redeemed] during the 12-month period beginning [__________]
of the years indicated, 

 

 

	Year	Redemption Price	Year	Redemption Price
	 	 	 	 
	 	 	 	 

and
thereafter at a Redemption Price equal to [__________]
% of the principal amount, together in the case of any such redemption with accrued interest to the Redemption Date, but interest
installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or
more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided
in the Indenture.]

 

[If applicable, insert –
The Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’ notice by mail, (1) on [____________]
in any year commencing with the year [____] and ending with the year [____] through operation of the sinking fund for this series at the
Redemption Prices for redemption through operation of the sinking fund (expressed as percentages of the principal amount) set forth in
the table below, and (2) at any time [if applicable, insert – on or after [____________], as a whole or in part, at the election
of the Company, at the Redemption Prices for redemption otherwise than through operation of the sinking fund (expressed as percentages
of the principal amount) set forth in the table below: If redeemed during the 12-month period beginning [____________] of the years indicated,

 

	
    Year
	
    Redemption
    Price For Redemption

 Through Operation of the Sinking 

Fund
	
    Redemption
    Price For Redemption 

Otherwise Than Through Operation

 of the Sinking Fund

	 	 	 
	 	 	 
	 	 	 

 

and
thereafter] at a Redemption Price equal to [_____]% of the principal amount, together in the case of any such redemption
(whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date, but interest installments whose
Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities,
of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.]

 

[If applicable, insert –
Notwithstanding the foregoing, the Company may not, prior to [_____________], redeem any Securities of this series as contemplated
by [if applicable, insert – clause (2) of] the preceding paragraph as a part of, or in anticipation of, any refunding operation
by the application, directly or indirectly, of moneys borrowed having an interest cost to the Company (calculated in accordance with generally
accepted financial practice) of less than [_____]% per annum.]

 

    20

     

    

 

[If applicable, insert –
The sinking fund for this series provides for the redemption on [____________] in each year beginning with the year [_______] and ending
with the year [______] of [if applicable, insert – not less than $[_________] (“mandatory sinking fund”) and
not more than] $[________] aggregate principal amount of Securities of this series. Securities of this series acquired or redeemed
by the Company otherwise than through [if applicable, insert – mandatory] sinking fund payments may be credited against
subsequent [if applicable, insert – mandatory] sinking fund payments otherwise required to be made [if applicable,
insert –, in the inverse order in which they become due].]

 

[If
the Security is subject to redemption of any kind, insert — In the event of redemption of this Security in part only, a new Security
or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon
the cancellation hereof.]

 

The indebtedness evidenced
by this Security is, to the extent provided in the Indenture, subordinate and subject in right of payment to the prior payment in full
of all Senior Debt [if applicable, insert — and the Guarantees by the Guarantors are, to the extent provided in the Indenture,
subordinate and subject in right of payment to the prior payment in full of all Senior Guarantor Debt], and this Security is issued subject
to the provisions of the Indenture with respect thereto. Each Holder of this Security, by accepting the same, (a) agrees to and shall
be bound by such provisions, (b) authorizes and directs the Trustee on his or her behalf to take such actions as may be necessary or
appropriate to effectuate the subordination so provided and (c) appoints the Trustee his or her attorney-in-fact for any and all such
purposes. Each Holder hereof, by his or her acceptance hereof, waives all notice of the acceptance of the subordination provisions contained
herein and in the Indenture by each holder of Senior Debt [if applicable, insert — or Senior Guarantor Debt], whether now outstanding
or hereafter created, incurred, assumed or guaranteed, and waives reliance by each such holder upon said provisions.

  

[If
applicable, insert — The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security
or certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions
set forth in the Indenture.]

 

[If applicable, insert –
As provided in the Indenture and subject to certain limitations therein set forth, the obligations of the Company under this Security
are guaranteed by each of the Guarantors pursuant to the Indenture [as indicated in the notation of Guarantee endorsed hereon]. The Indenture
provides that a Guarantor shall be released from its Guarantee upon compliance with certain conditions.]

 

[If
the Security is not an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series
shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the
effect provided in the Indenture.]

 

    21

     

    

 

[If
the Security is an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series
shall occur and be continuing, an amount of principal of the Securities of this series may be declared due and payable in the manner and
with the effect provided in the Indenture. Such amount shall be equal to — insert formula for determining the amount. Upon payment
(i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal, premium and interest (in each
case to the extent that the payment of such interest shall be legally enforceable), all of the Company’s obligations in respect
of the payment of the principal of and premium and interest, if any, on the Securities of this series shall terminate.]

 

The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company [if applicable,
insert – and the Guarantors] and the rights of the Holders of the Securities to be affected under the Indenture at any time
by the Company [if applicable, insert – and the Guarantors] and the Trustee with the consent of the Holders of a majority
in principal amount (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, Securities)
of all Securities at the time Outstanding to be affected (considered together as one class for this purpose and such Securities to be
affected potentially being Securities of the same or different series and, with respect to any series, potentially comprising fewer than
all the Securities of such series), except as may otherwise be provided pursuant to the Indenture for all or any specific Securities of
any series. The Indenture also contains provisions (i) permitting the Holders of a majority in principal amount (including waivers obtained
in connection with a purchase of, or tender offer or exchange offer for, Securities) of the Securities at the time Outstanding to be affected
under the Indenture (considered together as one class for this purpose and such affected Securities potentially being Securities of the
same or different series and, with respect to any particular series, potentially comprising fewer than all the Securities of such series),
on behalf of the Holders of all Securities so affected, to waive compliance by the Company [if applicable, insert – and the Guarantors]
with certain provisions of the Indenture and (ii) permitting the Holders of a majority in principal amount (including waivers obtained
in connection with a purchase of, or tender offer or exchange offer for, Securities) of the Securities at the time Outstanding of any
series to be affected under the Indenture (with each such series considered separately for this purpose), on behalf of the Holders of
all Securities of such series, to waive certain past defaults under the Indenture with respect to such series and their consequences,
in the case of Clause (i) or (ii), except as may otherwise be provided pursuant to the Indenture for all or any specific Securities of
any series. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future
Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Security.

 

As provided in and subject
to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the
Indenture, or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder shall have previously
given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less
than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity reasonably satisfactory to it,
and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding
a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such
notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement
of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

 

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No reference herein to the
Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute
and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin
or currency, herein prescribed [if applicable, insert – or alter or impair the obligation of each Guarantor, which is absolute
and unconditional, to pay pursuant to its Guarantee].

 

As provided in the Indenture
and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender
of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium
and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to
the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one
or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will
be issued to the designated transferee or transferees.

 

The Securities of this series
are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000 in excess thereof.
As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like
aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the
Holder surrendering the same.

 

No service charge shall be
made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.

 

Prior to due presentment of
this Security for registration of transfer, the Company, [if applicable, insert – any Guarantor,] the Trustee and any agent
of the Company [if applicable, insert – any Guarantor] or the Trustee may treat the Person in whose name this Security is
registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, [if applicable, insert
 – any Guarantor,] the Trustee nor any such agent shall be affected by notice to the contrary.

 

[If this Security is a Global
Security, insert – This Security is a Global Security and is subject to the provisions of the Indenture relating to Global Securities,
including the limitations therein on transfers and exchanges of Global Securities.]

 

    23

     

    

 

This Security and the Indenture
[if applicable, insert – (and any Guarantee endorsed hereon or attached hereto)] shall be governed by and construed in accordance
with the law of the State of New York.

 

All terms used in this Security
which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 

Section
204.     Form of Legend for Global Securities.
Unless otherwise specified as contemplated by Section 301 for the Securities evidenced thereby, every Global Security authenticated
and delivered hereunder shall bear a legend in substantially the following form: 

 

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

 

Section
205.     Form of Trustee’s Certificate of Authentication.
The Trustee’s certificates of authentication shall be in substantially the following form: 

 

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

 

	Dated:	[NAME OF TRUSTEE], 

As Trustee
	 	 
	 	By:	 
	 	 	Authorized Signatory

 

Article
III

THE SECURITIES

 

Section
301.     Amount Unlimited; Issuable in Series.
The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 

 

The Securities may be issued
in one or more series. There shall be established in or pursuant to a Board Resolution, and, subject to Section 303, set forth,
or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental hereto,
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 Securities of any other series);

 

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

 

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(3)         the Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name that Security
(or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest;

 

(4)         the date or dates on which the principal of any Securities of the series is payable;

 

(5)         the
rate or rates at which any Securities of the series shall bear interest, if any, the date or dates from which any such interest shall
accrue, the Interest Payment Dates on which any such interest shall be payable and the Regular Record Date for any such interest payable
on any Interest Payment Date;

 

(6)         the
place or places where the principal of and any premium and interest on any Securities of the series shall be payable and the manner in
which any payment may be made;

 

(7)         the period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the
series may be redeemed, in whole or in part, at the option of the Company and, if other than by a Board Resolution, the manner in which
any election by the Company to redeem the Securities shall be evidenced;

 

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

 

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

 

(10)       if
the amount of principal of or any premium or interest on any Securities of the series may be determined with reference to an index or
pursuant to a formula, the manner in which such amounts shall be determined;

 

(11)       if
other than the currency of the United States of America, the currency, currencies, composite currency, composite currencies or currency
units in which the principal of or any premium or interest on any Securities of the series shall be payable and the manner of determining
the equivalent thereof in the currency of the United States of America for any purpose, including for the purposes of making payment
in the currency of the United States of America and applying the definition of “Outstanding” in Section 101;

 

(12)      if the principal of or any premium or interest on any Securities of the series is to be payable, at the election of the Company
or the Holder thereof, in one or more currencies, composite currencies or currency units other than that or those in which such Securities
are stated to be payable, the currency, currencies, composite currency, composite currencies or currency units in which the principal
of or any premium or interest on such Securities as to which such election is made shall be payable, the periods within which and the
terms and conditions upon which such election is to be made and the amount so payable (or the manner in which such amount shall be determined);

 

    25

     

    

 

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

 

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

 

(15)       if
applicable, that the Securities of the series, in whole or any specified part, shall not be defeasible pursuant to Section 1302
or Section 1303 or both such Sections, and, if such Securities may be defeased, in whole or in part, pursuant to either or both
such Sections, any provisions to permit a pledge of obligations other than U.S. Government Obligations (or the establishment of other
arrangements) to satisfy the requirements of Section 1304(1) for defeasance of such Securities and, if other than by a Board Resolution,
the manner in which any election by the Company to defease such Securities shall be evidenced;

 

(16)      if applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities
and, in such case, the respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne by any
such Global Security in addition to or in lieu of that set forth in Section 204, any addition to, elimination of or other change
in the circumstances set forth in Clause (2) of the penultimate paragraph of Section 305 in which any such Global Security may
be exchanged in whole or in part for Securities registered, and any transfer of such Global Security in whole or in part may be registered,
in the name or names of Persons other than the Depositary for such Global Security or a nominee thereof and any other provisions governing
exchanges or transfers of any such Global Security;

 

(17)       any addition to, elimination of or other change in the Events of Default which applies to any Securities of the series and any
change in 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;

 

(18)      any
addition to, elimination of or other change in the covenants set forth in Article X which applies to Securities of the series;

 

    26

     

    

 

(19)       any
provisions necessary to permit or facilitate the issuance, payment or conversion of any Securities of the series that may be converted
into securities or other property other than Securities of the same series and of like tenor, whether in addition to, or in lieu of,
any payment of principal or other amount and whether at the option of the Company or otherwise;

 

(20)       if applicable, that Persons other than those specified in Section 111 shall have such benefits, rights, remedies and claims
with respect to any Securities of the series or under this Indenture with respect to such Securities, as and to the extent provided for
such Securities;

 

(21)       any
change in the actions permitted or required under this Indenture to be taken by or on behalf of the Holders of the Securities of the
series, including any such change that permits or requires any or all such actions to be taken by or on behalf of the Holders of any
specific Securities of the series rather than or in addition to the Holders of all Securities of the series;

 

(22)      if
the Securities of the series are to be guaranteed by any Guarantors, the names of the Guarantors of the Securities of the series (which
may, but need not, include any or all of the Initial Guarantors) and the terms of the Guarantees of the Securities of the series, if
such terms differ from those set forth in Section 1401, and any deletions from, or modifications or additions to, the provisions
of Article XIV or any other provisions of this Indenture in connection with the Guarantees of the Securities of the series;

 

(23)       if other than as provided in Article XV, any provisions for subordination of any Securities of the series to other indebtedness
of the Company (including Securities of other series); and

 

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

 

If the Securities of the series
are to be guaranteed by any Guarantor pursuant to Article XIV, there shall be established in or pursuant to a Guarantor’s
Board Resolution of such Guarantor and, subject to Section 303, set forth, or determined in the manner provided, in a Guarantor’s
Officers’ Certificate of such Guarantor, or established in one or more indentures supplemental hereto, prior to the issuance of
Securities of the series, the terms of the Guarantees by such Guarantor with respect to the Securities of the series, if such terms differ
from those set forth in Section 1401.

 

All Securities of any one
series shall be substantially identical except 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 pursuant to this Section 301 for any series, after issuance of Securities of such series,
such series may be reopened for issuances of additional Securities of that series.

 

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The terms of any Security
of a series may differ from the terms of other Securities of the same series, if and to the extent provided pursuant to this Section
301. The matters referenced in any or all of Clauses (1) through (24) above may be established and set forth or determined as aforesaid
with respect to all or any specific Securities of a series (in each case to the extent permitted by the Trust Indenture Act).

 

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 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.

 

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

 

The Securities shall be subordinated
in right of payment to Senior Debt as provided in Article XV.

 

Section
302.    Denominations. The
Securities of each series shall be issuable only in registered form without coupons and only in such denominations as shall be specified
as contemplated by Section 301. In the absence of any such specified denomination with respect to the Securities of any series,
the Securities of such series shall be issuable in denominations 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, Chief Executive Officer, President or any Vice
President of the Company (or any other officer of the Company designated in writing by or pursuant to authority of the Board of Directors
and delivered to the Trustee from time to time). The signature of any of these officers on the Securities may be manual or facsimile.
If the terms of the Securities of any series provide that any Guarantee by any Guarantor is to be endorsed on or otherwise attached to,
or made part of, Securities of any series, and if the terms of such Securities provide for the execution of such Guarantee by such Guarantor
(it being understood and agreed that the terms of Securities of any series may, but need not, provide for the execution of any Guarantee
by any Guarantor), such Guarantee shall be executed on behalf of such Guarantor by the Chairman of the Board, Chief Executive Officer,
President or any Vice President of such Guarantor (or any other officer of such Guarantor designated in writing by or pursuant to authority
of the Guarantor’s Board of Directors and delivered to the Trustee from time to time). The signature of any of these officers on
any Guarantee may be manual or facsimile.

 

Securities and any Guarantees
by any Guarantor endorsed thereon bearing the manual or facsimile signatures of individuals who were at any time the proper officers of
the Company or such Guarantor, as the case may be, shall bind the Company or such Guarantor, as the case may be, 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.

 

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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,
together with, if the terms of such Securities provide for the endorsement thereon of any Guarantees by any Guarantor, such Guarantees
endorsed hereon and, if such terms so provide, executed by such Guarantor, to the Trustee for authentication, together with a Company
Order and, if any Guarantee by a Guarantor is to be endorsed on such Securities, a Guarantor Order of such Guarantor, for the authentication
and delivery of such Securities with any such Guarantees endorsed thereon, and the Trustee in accordance with the Company Order shall
authenticate and deliver such Securities with any such Guarantees endorsed thereon. If the form or terms of the Securities of the series
have been established by or pursuant to one or more Board Resolutions or the form or terms of any Guarantees thereof by any Guarantor
have been established by or pursuant to one or more Guarantor’s Board Resolutions of such Guarantor as permitted by Sections
201 and 301, in authenticating such Securities with any such Guarantees endorsed thereon, and accepting the additional responsibilities
under this Indenture in relation to such Securities and such Guarantees, the Trustee shall be entitled to receive, and (subject to Section
601) shall be fully protected in relying upon, an Opinion of Counsel stating,

 

(1)         if
the form of such Securities or any Guarantee by any Guarantor endorsed thereon has been established by or pursuant to Board Resolution
or Guarantor’s Board Resolution of such Guarantor, as permitted by Section 201, that such form has been established in conformity
with the provisions of this Indenture;

 

(2)         if
the terms of such Securities or any Guarantee thereof by a Guarantor have been established by or pursuant to Board Resolution or Guarantor’s
Board Resolution of such Guarantor as permitted by Section 301, that such terms have been established in conformity with the provisions
of this Indenture; and

 

(3)        that when such Securities with any Guarantees endorsed thereon have been 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, such Securities and such Guarantee will
constitute valid and legally binding obligations of the Company or such Guarantor, respectively, enforceable in accordance with their
terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating
to or affecting creditors’ rights and to general equity principles and subject to any limitation with respect to payments in currency
other than U.S. dollars.

 

If such form or terms have been so established,
the Trustee shall not be required to authenticate such Securities with any Guarantees endorsed thereon if the issue of such Securities
with any Guarantees endorsed thereon 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 which is not reasonably acceptable to the Trustee.

 

Notwithstanding the provisions
of Section 301 and of the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall
not be necessary to deliver the Officers’ Certificate or Guarantor’s Officers’ Certificate otherwise required pursuant
to Section 301 or the Company Order, any Guarantor Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph
at or prior to the authentication of each Security of such series if such documents are delivered at or prior to the authentication upon
original issuance of the first Security of such series to be issued.

 

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Each Security shall be dated
the date of its authentication.

 

No Security, nor any Guarantee
endorsed thereon, 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 with any Guarantees endorsed
thereon 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, 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.

 

Wherever herein it shall provide
for the Company to execute, and the Trustee to authenticate and deliver, Securities of any series, if the terms of such Securities provide
for the endorsement thereon of the Guarantees by any Guarantor, the Company shall cause such Securities so executed by the Company and
authenticated and delivered by the Trustee to have such Guarantees endorsed thereon, and, if such terms require such Guarantees to be
executed by such Guarantor, such Guarantees to be executed by such Guarantor.

 

Section
304.     Temporary Securities.
Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order and, if any Guarantees
by a Guarantor are so to be endorsed on such Securities, a Guarantor Order of such Guarantor, the Trustee shall authenticate and deliver,
temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions,
substitutions and other variations as the officers executing such Securities or Guarantees, respectively, may determine, as evidenced
by their execution of such Securities or Guarantees, respectively. 

 

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, and if applicable, the Guarantors shall execute and the Trustee shall authenticate and deliver in exchange therefor one or
more definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. 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 and tenor.

 

Section
305.     Registration, Registration of Transfer and Exchange.
The Company shall cause to be kept at each office or agency of the Company designated as a Place of Payment pursuant to the first paragraph
of Section 1002 a register (the register, maintained in each such office or agency of the Company designated as 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 Securities and of transfers of Securities. The Trustee
is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers of Securities as herein provided.

 

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Upon surrender for registration
of transfer of any Security of a series at the office or agency of the Company in a Place of Payment for that series, the Company and,
if applicable, the Guarantors shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Securities of the same series, of any authorized denominations and of like tenor and aggregate principal
amount.

 

At the option of the Holder,
Securities of any series may be exchanged for other Securities of the same series, of any authorized denominations and of like tenor and
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, and, if applicable, the Guarantors shall execute, and the Trustee shall authenticate and deliver,
the Securities, which the Holder making the exchange is entitled to receive.

 

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 Security presented or
surrendered for registration of transfer or for exchange shall (if so required by the Company, any Guarantor 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 exchanges pursuant to Section 304, 906 or 1107 not involving any transfer.

 

If the Securities of any series
(or of any series and specified tenor) are to be redeemed in whole or in part, the Company shall not be required (A) to issue, register
the transfer of or exchange any Securities of that series (or of that series and specified tenor, as the case may be) during a period
beginning at the opening of business 15 days before the day of selection of any such Securities for redemption under Section 1103
and ending at the close of business on the day of such selection (or during such period as otherwise specified pursuant to Section
301 for such Securities), or (B) to register the transfer of or exchange any Security so selected for redemption in whole or in part,
except the unredeemed portion of any Security being redeemed in part.

 

The provisions of Clauses
(1), (2), (3) and (4) below shall apply only to Global Securities:

 

(1)        Each
Global Security authenticated under this Indenture shall be registered in the name of the Depositary designated for such Global Security
or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall
constitute a single Security for all purposes of this Indenture.

 

(2)         Notwithstanding
any other provision in this Indenture, and subject to such applicable provisions, if any, as may be specified as contemplated by Section
301, no Global Security may be exchanged in whole or in part for Securities registered, and no transfer of a Global Security in whole
or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof unless
(A) such Depositary has notified the Company that it (i) is unwilling or unable to continue as Depositary for such Global Security or
(ii) has ceased to be a clearing agency registered under the Exchange Act, or (B) the Company has executed and delivered to the Trustee
a Company Order stating that such Global Security shall be exchanged in whole for Securities that are not Global Securities (in which
case such exchange shall promptly be effected by the Trustee). If the Company receives a notice of the kind specified in Clause (A) above
or has delivered a Company Order of the kind specified in Clause (B) above, it may, in its sole discretion, designate a successor Depositary
for such Global Security within 90 days after receiving such notice or delivery of such order, as the case may be. If the Company designates
a successor Depositary as aforesaid, such Global Security shall promptly be exchanged in whole for one or more other Global Securities
registered in the name of the successor Depositary, whereupon such designated successor shall be the Depositary for such successor Global
Security or Global Securities and the provisions of Clauses (1), (2), (3) and (4) of this provision shall continue to apply thereto.

 

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(3)        Subject
to Clause (2) above and to such applicable provisions, if any, as may be specified as contemplated by Section 301, any exchange
of a Global Security for other Securities may be made in whole or in part, and all Securities issued in exchange for a Global Security
or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct.

 

(4)         Every
Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or any portion
thereof, whether pursuant to this Section, Section 304, 306, 906 or 1107 or otherwise, shall be authenticated
and delivered in the form of, and shall be, a Global Security, unless such Security is registered in the name of a Person other than
the Depositary for such Global Security or a nominee thereof.

 

Every Person who takes or
holds any beneficial interest in a Global Security agrees that:

 

(1)         the
Company and the Trustee may deal with the Depositary as sole owner of the Global Security and as the authorized representative of such
Person;

 

(2)         such
Person’s rights in the Global Security shall be exercised only through the Depositary and shall be limited to those established
by law and agreement between such Person and the Depositary and/or direct and indirect participants of the Depositary;

 

(3)         the
Depositary and its participants make book-entry transfers of beneficial ownership among, and receive and transmit distributions of principal
and interest on the Global Securities to, such Persons in accordance with the Applicable Procedures of the Depositary; and

 

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(4)        none of the Company, the Trustee nor any agent of the Company or the Trustee will have any responsibility or liability for any
aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining,
supervising or reviewing any records relating to such beneficial ownership interests.

 

Section
306.     Mutilated, Destroyed, Lost and Wrongfully Taken Securities.
If (a) any mutilated Security is surrendered to the Trustee or (b) both (i) there shall be delivered to the Company and the Trustee (A)
a claim by a Holder as to the destruction, loss or wrongful taking of any Security of such Holder and a request thereby for a new replacement
Security of the same series, and (B) such indemnity bond as may be required by them to save each of them and any agent of either of them
harmless and (ii) such other reasonable requirements as may be imposed by the Company as permitted by Section 8-405 of the Uniform Commercial
Code have been satisfied, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a “protected
purchaser” within the meaning of Section 8-405 of the Uniform Commercial Code, the Company, and, if applicable, the Guarantors,
shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such mutilated, destroyed, lost or wrongfully
taken 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 wrongfully taken 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 fees 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 wrongfully taken Security shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or wrongfully taken 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 wrongfully taken Securities.

 

Section
307.     Payment of Interest; Interest Rights Preserved.
Except as otherwise provided as contemplated by Section 301 with respect to any Securities of a series, interest on any 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
(or, if no business is conducted by the Trustee at its Corporate Trust Office on such date, at 5:00 P.M. New York City time on such date).

 

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Any interest on any 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 payable on any Securities of a series to the Persons in whose names such
Securities (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 of such Securities 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 given to each Holder
of such Securities in the manner set forth in Section 106, not less than 10 days prior to such Special Record Date. Notice of
the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall
be paid to the Persons in whose names such Securities (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 any Securities of a 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.

 

Except as may otherwise be
provided in this Section 307 or as contemplated in Section 301 with respect to any Securities of a series, the Person to
whom interest shall be payable on any Security that first becomes payable on a day that is not an Interest Payment Date shall be the Holder
of such Security on the day such interest is paid.

 

Subject to the foregoing provisions
of this Section, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other
Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.

 

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In the case of any Security
which is converted after any Regular Record Date and on or prior to the next succeeding Interest Payment Date (other than any Security
whose Maturity is prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment Date shall be payable
on such Interest Payment Date notwithstanding such conversion, and such interest (whether or not punctually paid or duly provided for)
shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business
on such Regular Record Date. Except as otherwise expressly provided in the immediately preceding sentence, in the case of any Security
which is converted, interest whose Stated Maturity is after the date of conversion of such Security shall not be payable.

 

Notwithstanding the foregoing,
the terms of any Security that may be converted may provide that the provisions of the immediately preceding paragraph do not apply, or
apply with such additions, changes or omissions as may be provided thereby, to such Security.

 

Section
308.      Persons Deemed Owners.
Prior to due presentment of a Security for registration of transfer, the Company, any Guarantor and the Trustee and any agent of the Company,
any Guarantor or the Trustee may treat the Person in whose name such Security is registered as the owner of such Security for the purpose
of receiving payment of principal of and any premium and (subject to Section 307) any interest on such Security and for all other
purposes whatsoever, whether or not such Security be overdue, and neither the Company, any Guarantor, the Trustee nor any agent of the
Company , any Guarantor 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 conversion or for credit against any sinking fund
payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it.
The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which
the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee)
for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered
shall be promptly 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 accordance with its retention policy and shall provide the Company with a copy of the cancelled Security upon written request. 

 

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 360-day year of twelve 30-day months. 

 

Section
311.      CUSIP Numbers. The
Company, in issuing the Securities may use “CUSIP” and “ISIN” numbers (if then generally in use), and, if so,
the Trustee shall use “CUSIP” and “ISIN” 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. The Company shall promptly notify
the Trustee of any change in “CUSIP” or “ISIN” numbers. 

 

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Article
IV

SATISFACTION AND DISCHARGE

 

Section
401.       Satisfaction and Discharge of Indenture.
This Indenture shall upon Company Request cease to be of further effect with respect to the Securities of any series and any Guarantees
of such Securities (except as to any surviving rights of conversion, registration of transfer or exchange of any such Security expressly
provided for herein or in the terms of such Security), 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 theretofore authenticated and delivered (other than (i) Securities which have been destroyed, lost or wrongfully
taken and which have been replaced or paid as provided in Section 306 and (ii) Securities for the payment of which 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 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 or,
if applicable, a Guarantor, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust
funds in trust for such purpose money in an amount sufficient to pay and discharge the entire indebtedness on such Securities 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 or Guarantor has paid or caused to be paid all other sums payable hereunder by the Company and the Guarantors with
respect to such Securities;

 

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(3)          
no event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such Securities or
any other Securities (other than such an event or Event of Default with respect to such Securities resulting solely from the incurrence
of indebtedness or other borrowing of funds, or the grant of liens securing such indebtedness or other borrowing, all or a portion of
which are to be applied to such deposit) shall have occurred and be continuing at the time of such deposit;

 

(4)          
such deposit shall not result in a breach or violation of, or constitute a default under, any other agreement or instrument to
which the Company is a party or by which it is bound; and

 

(5)         
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 Securities have been complied
with.

 

Notwithstanding the satisfaction
and discharge of this Indenture with respect to Securities of any series, the obligations of the Company to the Trustee under Section
607, the obligations of the Trustee to any Authenticating Agent under Section 614, and, if money shall have been deposited
with the Trustee pursuant to subclause (B) of Clause (1) of this Section with respect to such Securities, the obligations of the Company
of such series under Section 1002 and the obligations of the Trustee under Section 402, Section 606 and the last
paragraph of Section 1003 with respect to such Securities shall survive such satisfaction and discharge.

 

Section
402.       Application of Trust Money.
Subject to the provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401
with respect to Securities of any series shall be held in trust and applied by it, 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 its own Paying Agent)
as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money
has been deposited with the Trustee. All moneys deposited with the Trustee pursuant to Section 401 (and held by it or any Paying
Agent) for the payment of Securities subsequently converted shall be returned to the Company upon Company Request, to the extent originally
deposited by the Company. The Company may direct by a Company Order the investment of any money deposited with the Trustee pursuant to
Section 401, without distinction between principal and income, in (1) United States Treasury Securities with a maturity of one
year or less or (2) a money market fund that invests solely in short term United States Treasury Securities and from time to time the
Company may direct the reinvestment of all or a portion of such money in other securities or funds meeting the criteria specified in Clause
(1) or (2) of this sentence. 

 

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Article
V

REMEDIES

 

Section
501.        Events of Default.

 

Except as may otherwise be
provided pursuant to Section 301 for all or any specific Securities of any series, “Event of Default,”
wherever used herein with respect to the Securities of that series, means any one of the following events (whatever the reason for such
Event of Default and whether it shall be occasioned by the provisions of Article XV or the provision of the last paragraph of Section
1401, be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or
any order, rule or regulation of any administrative or governmental body):

 

(1)           
default in the payment of any interest upon any Security of that series when it becomes due and payable, and continuance of such
default for a period of 30 days; or

 

(2)           
default in the payment of the principal of or any premium on any Security of that series at its Maturity; or

 

(3)           
default in the deposit of any sinking fund payment, when and as due by the terms of a Security of that series and continuance of
such default for a period of 60 days; or

 

(4)           
default in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty
a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included
in this Indenture solely for the benefit of series of Securities other than that series), and continuance of such default or breach for
a period of 90 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the
Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of that series a written notice specifying such
default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder;
or

 

(5)           
the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an involuntary
case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or
order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment
or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver, liquidator,
assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its property, or ordering the winding
up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed
and in effect for a period of 90 consecutive days (provided that, if any Person becomes the successor to the Company pursuant to Article
VIII and such Person is a corporation, partnership or trust organized and validly existing under the law of a jurisdiction outside
the United States, each reference in this Clause (5) to an applicable Federal or State law of a particular kind shall be deemed to refer
to such law or any applicable comparable law of such non-U.S. jurisdiction, for as long as such Person is the successor to the Company
hereunder and is so organized and existing); or

 

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(6)           
the commencement by the Company of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency,
reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it
to the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal
or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding
against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State
law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator,
assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its property, or the making by
it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they
become due, or the taking of corporate action by the Company in furtherance of any such action (provided that, if any Person becomes the
successor to the Company pursuant to Article VIII and such Person is a corporation, partnership or trust organized and validly
existing under the law of a jurisdiction outside the United States, each reference in this Clause (6) to an applicable Federal or State
law of a particular kind shall be deemed to refer to such law or any applicable comparable law of such non-U.S. jurisdiction, for as long
as such Person is the successor to the Company hereunder and is so organized and existing); or

 

(7)           
if Article XIV has been made applicable with respect to such Securities, the Guarantee of the Securities of such series
by any Guarantor shall for any reason cease to be, or shall for any reason be asserted in writing by such Guarantor or the Company not
to be, in full force and effect and enforceable in accordance with its terms, except to the extent contemplated or permitted by this Indenture
or by the terms of the Securities of such series established pursuant to Section 301; or

 

(8)           
any other Event of Default provided with respect to Securities of that series in accordance with Section 301.

 

Section
502.       Acceleration of Maturity; Rescission and Annulment.
Except as may otherwise be provided pursuant to Section 301 for all or any specific Securities of any series, if an Event of Default
(other than an Event of Default specified in Section 501(5) or 501(6)) with respect to Securities of that series at the
time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount
of the Outstanding Securities of that series may declare the principal amount of all the Securities of that series (or, in the case of
any Security of that series which specifies an amount to be due and payable thereon upon acceleration of the Maturity thereof, such amount
as may be specified by the terms thereof) to be due and payable immediately, by a notice in writing to the Company and any Guarantor of
the Securities of that series (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified
amount), together with any accrued and unpaid interest thereon, shall become immediately due and payable. Except as may otherwise be provided
pursuant to Section 301 for all or any specific Securities of any series, if an Event of Default specified in Section 501(5)
or Section 501(6) with respect to Securities of that series at the time Outstanding occurs, the principal amount of all the Securities
of that series (or, in the case of any Security of that series which specifies an amount to be due and payable thereon upon acceleration
of the Maturity thereof, such amount as may be specified by the terms thereof), together with any accrued and unpaid interest thereon,
shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and
payable. 

 

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Except as may otherwise be
provided pursuant to Section 301 for all or any specific Securities of any series, at any time after such a declaration of acceleration
with respect to Securities of that series has been made and before a judgment or decree for payment of the money due has been obtained
by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of
that series, by written notice to the Company, any Guarantor of the Securities of that series and the Trustee, may rescind and annul such
declaration and its consequences if

 

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

 

(A)         
all overdue interest on all Securities of that series,

 

(B)          
the principal of (and premium, if any, on) any Securities of that series which have become due otherwise than by such declaration
of acceleration and any interest thereon at the rate or rates prescribed therefor in such Securities,

 

(C)          
to the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor
in such Securities, and

 

(D)         
all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel; and

 

(2)           
all Events of Default with respect to Securities of that series, other than the non-payment of the principal of Securities of that
series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513.

 

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

 

Section
503.      Collection of Indebtedness and Suits for Enforcement by Trustee.
The Company covenants that if 

 

(1)      
default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues
for a period of 60 days, or

 

(2)       default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof,

 

the Company will, upon demand of the Trustee,
pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and
any premium and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal
and premium and on any overdue interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further
amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel.

 

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If an Event of Default with
respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights
and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual
to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid
of the exercise of any power granted herein, or to enforce any other proper remedy.

 

Section
504.     Trustee May File Proofs of Claim.
In case of any judicial proceeding relative to the Company , any Guarantor or any other obligor upon the Securities, their property or
their creditors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions
authorized under the Trust Indenture Act in order to have claims of the Holders and the Trustee allowed in any such proceeding. The Trustee
shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the
same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding
is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making
of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607. 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 the 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.

 

No provision of this Indenture
shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization,
arrangement, adjustment or composition affecting the Securities or any Guarantee or the rights of any Holder thereof or to authorize the
Trustee to vote in respect of the claim of any Holder in any such proceeding; provided, however, that the Trustee may, on
behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other
similar committee.

 

Section
505.     Trustee May Enforce Claims Without Possession of Securities.
All rights of action and claims under this Indenture or the Securities or any Guarantee may be prosecuted and enforced by the Trustee
without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding
instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision
for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the
ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 

 

Section
506.     Application of Money Collected.
Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the
Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Securities
and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

 

FIRST:
To the payment of all amounts due the Trustee under Section 607;

 

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SECOND:
To the payment of the amounts then due and unpaid for principal of and any premium and interest on the Securities in respect of which
or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts
due and payable on such Securities for principal and any premium and interest, respectively; and

 

THIRD:
To the payment of the remainder, if any, to the Company, any Guarantor or to whomsoever may be lawfully entitled to receive the same as
a court of competent jurisdiction may direct.

 

Section
507.      Limitation on Suits.
No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

 

(1)     
such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities
of that series;

 

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

 

(3)       such Holder or Holders have offered to the Trustee indemnity reasonably satisfactory to it against the costs, expenses and liabilities
to be incurred in compliance with such request;

 

(4)      
the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding;
and

 

(5)      
no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a
majority in principal amount of the Outstanding Securities of that series;

 

it being understood and intended that no one or
more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect,
disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other
of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit
of all of such Holders.

 

Section
508.      Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert.
Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional,
to receive payment of the principal of and any premium and (subject to Section 307) interest on such Security on the respective
Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date), and, if the terms of such Security
so provide, to convert such Security in accordance with its terms, and to institute suit for the enforcement of any such payment and,
if applicable, any such right to convert, and such rights shall not be impaired without the consent of such Holder. 

 

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

 

Section
510.      Rights and Remedies Cumulative.
Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or wrongfully taken Securities in
the last paragraph of Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended
to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition
to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment
of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right
or remedy. 

 

Section
511.     Delay or Omission Not Waiver.
No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default
shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and
remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be. 

 

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

 

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

 

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

 

(3)      
 subject to the provisions of Section 601, the Trustee shall have the right to decline to follow any such direction if the
Trustee in good faith shall determine that the proceeding so directed would involve the Trustee in personal liability.

 

Section
513.      Waiver of Past Defaults.
Except as may otherwise be provided pursuant to Section 301 for all or any specific Securities of any series, the Holders of not
less than a majority in principal amount (including waivers obtained in connection with a purchase of, or tender offer or exchange offer
for, Securities) of the Outstanding Securities of any series to be affected under this Indenture may on behalf of the Holders of all the
Securities of such series waive any past default hereunder with respect to such series and its consequences, except a default 

 

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

 

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

 

Upon any such waiver with
respect to any series, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured,
with respect to such series for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or
impair any right consequent thereon. A waiver of any past default and its consequences given by or on behalf of any Holder of Securities
in connection with a purchase of, or tender or exchange offer for, such Holder’s Securities will not be rendered invalid by such
purchase, tender or exchange.

 

Section
514.      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,
suffered or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such
suit, and may assess costs, including reasonable attorneys’ fees and expenses, against any such party litigant, in the manner and
to the extent provided in the Trust Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be deemed
to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Company, any Guarantor
or the Trustee or, if applicable, in any suit for the enforcement of the right to convert any Security in accordance with its terms. 

 

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

 

Article
VI

THE TRUSTEE

 

Section
601.      Certain Duties and Responsibilities.

 

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

 

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

 

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

 

(b) In case an Event of Default
has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same
degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s
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 the first paragraph 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 taken or omitted to be taken by it in good faith in accordance with
the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series, determined as provided in
Section 512, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and

 

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

 

(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.

 

(e) No
provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability. 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
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.

 

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(f) Money
held in trust by the Trustee need not be segregated from other funds and need not be held in an interest-bearing account, in each case
except to the extent required by law or by any other provision of this Indenture. The Trustee (acting in any capacity hereunder) shall
not be liable for interest on any money received by it hereunder unless the Trustee otherwise agrees in writing with the Company.

 

Section
602.      Notice of Defaults.
If an Event of Default occurs and is continuing hereunder with respect to Securities of any series, and if it is known to the Trustee,
the Trustee shall mail to the Holders of Securities of such series notice of Event of Default within 90 days after the Trustee gains knowledge
of the Event of Default unless Event of Default shall have been cured or waived before the giving of such notice. Except in the case of
an Event of Default in payment of principal of, premium or interest on Securities of any series, the Trustee may withhold the notice if
and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the
Holders of the Securities of such series. 

 

Section
603.      Certain Rights of Trustee.
Subject to the provisions of Section 601:

 

(1)      
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, 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;

 

(2)      
any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order
and any request or direction of a Guarantor mentioned herein shall be sufficiently evidenced by a Guarantor Request or Guarantor Order
of such Guarantor, and any resolution of the Board of Directors shall be sufficiently evidenced by a Board Resolution and any resolution
of a Guarantor’s Board of Directors may be sufficiently evidenced by a Guarantor’s Board Resolution;

 

(3)      
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) shall be
entitled to receive and may, in the absence of bad faith on its part, conclusively rely upon, and shall not be liable for any action it
takes or omits to take in good faith in reliance upon, an Officers’ Certificate or, if such matter relates to a Guarantor, a Guarantor’s
Officers’ Certificate of such Guarantor or an Opinion of Counsel;

 

(4)     
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 from liability in respect of any action taken, suffered or omitted by it hereunder in good faith
and in reliance thereon;

 

(5)      
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 which might be incurred by it in compliance with such request or direction;

 

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(6)     
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, 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 and, if applicable, the Guarantors, 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;

 

(7)      
the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through
agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed
with due care by it hereunder and shall not be responsible for the supervision of officers and employees of such agents or attorneys;

 

(8)      
the Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles
of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed
by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any such certificate
previously delivered and not superseded;

 

(9)     
the Trustee shall not be liable for any action taken, suffered or omitted to be taken which it believes in good faith to be authorized
or within the discretion or rights or powers conferred upon it by this Indenture;

 

(10)    
except with respect to an Event of Default under Sections 501(1) and 501(2), the Trustee shall not be deemed to have
notice of Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event
which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the
Securities and this Indenture; and

 

(11)     the rights, privileges, protections, immunities and benefits given to the Trustee, including its rights to be indemnified, are
extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person
employed to act hereunder.

 

(12)     in
no event shall the Trustee be liable for special, punitive, indirect or consequential damages, including but not limited to lost profits,
irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action arising
in connection with the Indenture;

 

(13)     any
action taken, or omitted to be taken, by the Trustee in good faith pursuant to the documents upon the request or authority or consent
of any person who, at the time of making such request or giving such authority or consent, is the holder of any Security shall be conclusive
and binding upon all future holders of Securities and upon Securities executed and delivered in exchange therefore or in place thereof;
and

 

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(14)     under
no circumstances shall the Trustee be liable in its individual capacity for the obligations evidenced by the Securities.

 

 

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 does not assume any 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 or any Guarantor, 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 or any Guarantor with the same rights it would have if it were not 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 in writing with the Company
or any Guarantor. 

 

Section
607.      Compensation and Reimbursement.

 

(a)       The
Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and Security
Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a
written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by any law on compensation
of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable and customary disbursements,
advances and reasonable out-of-pocket expenses incurred or made by it in addition to the compensation for its services, except those resulting
from its own negligent action, negligent failure to act or willful misconduct. Such expenses shall include the reasonable and customary
compensation, disbursements and expenses of the Trustee’s agents and counsel. The obligation of the Company to pay foregoing
compensation and reimbursement shall survive the payment in full or defeasance of the Securities or the removal or resignation of the
Trustee.

 

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(b)       The
Company shall indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable out-of-pocket expenses incurred
by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and
expenses of enforcing this Indenture against the Company (including this Section 607) and defending itself against any claim (whether
asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any
of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or willful
misconduct. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify
the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate
in the defense. The Trustee may elect to have separate counsel defend the claim, but the Company shall be obligated to pay the reasonable
fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest
between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee.
The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld. None of the Company
nor the Guarantors need reimburse the Trustee for any expense or indemnity against liability or loss of the Trustee to the extent such
expense, liability or loss is found by a court of competent jurisdiction in a non-appealable judgment to have resulted from the negligence
or willful misconduct of the Trustee.

 

(c)       As
security for the performance of the obligations of the Company under this Section the Trustee shall have a lien prior to the Securities
of any series upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal
of (and premium, if any) or interest on Securities of such series. Such lien shall survive satisfaction and discharge of this Indenture.

 

(d)       Without
limiting any rights available to the Trustee under applicable law, when the Trustee incurs expenses or renders services in connection
with an Event of Default specified in Section 501(5) or Section 501(6), the expenses (including the reasonable charges and
expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable
Federal or State bankruptcy, insolvency or other similar law.

 

(e)       The
provisions of this Section shall survive the termination of this Indenture.

 

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

 

Section
609.    Corporate Trustee Required; Eligibility.
There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder
for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act
as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States
of America. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising
or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital
and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition
so published. If at any time the Trustee with respect to the Securities of any series 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. 

 

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Section
610.   Resignation and Removal; Appointment of Successor.
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. 

 

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 Trustee within 60 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.

 

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 Trustee within 30 days after the giving of a notice of removal pursuant to this paragraph,
the Trustee being removed 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.

 

If at any time:

 

(1)      
the Trustee shall fail to comply with Section 608 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, 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, (A) the Company by a Board
Resolution may remove the Trustee with respect to all Securities, or (B) subject to Section 514, 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.

 

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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 shall comply with the applicable requirements of Section 611. If an instrument of acceptance by a successor Trustee
shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the Trustee being removed 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. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy,
a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount
of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall,
forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 611, become the successor
Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If
no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders 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.

 

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

 

Section
611.     Acceptance of Appointment by Successor.
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, any Guarantor 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. 

 

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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 , any Guarantor, 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.

 

Upon request of any such successor
Trustee, the Company and any Guarantor 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 the first or second preceding paragraph, as the case may be.

 

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

 

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Section
614.     Appointment of Authenticating Agent.
The Trustee may appoint an Authenticating Agent or Agents with respect to any series of Securities which shall be authorized to act on
behalf of the Trustee to authenticate the Securities of such Series issued upon original issue and upon exchange, registration of transfer,
partial conversion or partial redemption or pursuant to Section 306, and Securities of such series 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 of such series 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 so appointed with respect to such series and a certificate of authentication executed on behalf of the Trustee by an Authenticating
Agent so appointed with respect to such series. 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,
authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject
to supervision or examination by Federal or State authority. 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, 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, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section.

 

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

 

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, the Trustee may appoint a successor Authenticating Agent with respect to any series of Securities which
shall be acceptable to the Company and shall give notice of such appointment to all Holders of Securities of such series in the manner
provided in Section 106. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with
all rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor
Authenticating Agent shall be appointed unless eligible under the provisions of this Section.

 

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

 

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

 

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

 

		[NAME OF
         TRUSTEE]
 As Trustee
		 	 
		By	[NAME OF AUTHENTICATING AGENT],
			As Authenticating Agent
		 	 
		 	 
		By:	
			      Authorized Signatory

 

 

Article
VII

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

 

Section
701.      Company to Furnish Trustee Names and Addresses of Holders.
The Company and any Guarantor will furnish or cause to be furnished to the Trustee 

 

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

 

(2)      
at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company or such Guarantor, respectively,
of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished;

 

excluding from any such list names and addresses
received by the Trustee in its capacity as Security Registrar.

 

Section
702.      Preservation of Information; Communications to Holders.
The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most
recent list furnished to the Trustee as provided in Section 701 and the names and addresses of Holders 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 rights of Holders to communicate
with other Holders with respect to their rights under this Indenture or under the Securities, and the corresponding rights and privileges
of the Trustee, shall be as provided by the Trust Indenture Act.

 

Every Holder of Securities,
by receiving and holding the same, agrees with the Company , any Guarantor and the Trustee that neither of the Company nor the Guarantors
(if applicable) nor the Trustee nor any agent of any of them shall be held accountable by reason of any disclosure of information as to
names and addresses of Holders made pursuant to the Trust Indenture Act.

 

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Section
703.     Reports by Trustee.
The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant
to the Trust Indenture Act at the times and in the manner provided pursuant thereto. 

 

Reports so required to be
transmitted at stated intervals of not more than 12 months shall be transmitted no later than [ ] and shall be dated as of [ ] in each
calendar year, commencing in 20[ ].

 

A copy of each such report
shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any Securities are listed,
with the Commission and with the Company and any Guarantor. The Company and any Guarantor will notify the Trustee when any Securities
are listed on any stock exchange and of any delisting thereof.

 

Section
704.     Reports by Company and Guarantors.
The Company and any Guarantor shall file with the Trustee and the Commission, and transmit to Holders, such information, documents and
other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act, if any, at the times and in the manner
provided pursuant to such Act; provided that any such information, documents or reports required to be filed with the Commission
pursuant to Section 13 or 15(d) of the Exchange Act need not be filed with the Trustee until the 15th day after the same
are actually filed with the Commission. 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 compliance by the Company or any Guarantor with any of their covenants hereunder (as
to which the Trustee is entitled to rely exclusively on Officers’ Certificates or Guarantor’s Officers’ Certificates,
as the case may be). 

 

Article
VIII

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

 

Section
801.     Company May Consolidate, Etc., Only on Certain Terms.
The Company shall not, in a single transaction or a series of related transactions, consolidate with or merge into any other Person or
sell, convey, transfer or lease all or substantially all its properties and assets to any Person, and the Company shall not permit any
Person to consolidate with or merge into the Company, unless: 

 

(1)              
in case the Company shall consolidate with or merge into another Person or sell, convey, transfer or lease all or substantially
all its properties and assets to any Person, the Person formed by such consolidation or into which the Company is merged or the Person
which acquires by sale, conveyance or transfer, or which leases, all or substantially all the properties and assets of the Company shall
be a corporation, partnership or trust, shall be organized and validly existing under the laws of the United States, any state thereof
or the District of Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in
form reasonably satisfactory to the Trustee, the due and punctual payment of the principal of and any premium and interest on all the
Securities and the performance or observance of every covenant of this Indenture on the part of the Company to be performed or observed
and, for each Security that by its terms provides for conversion, shall have provided for the right to convert such Security in accordance
with its terms;

 

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(2)              
immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Company or
any Subsidiary as a result of such transaction as having been incurred by the Company or such Subsidiary at the time of such transaction,
no Event of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have happened
and be continuing; and

 

(3)              
the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation,
merger, sale, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental
indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied
with.

 

Section
802.     Successor Substituted.
Upon any consolidation of the Company with, or merger of the Company into, any other Person or any sale, conveyance, transfer or lease
of all or substantially all the properties and assets of the Company in accordance with Section 801, the successor Person formed
by such consolidation or into which the Company is merged or to which such sale, conveyance, transfer or lease is made shall succeed to,
and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor
Person had been named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of
all obligations and covenants under this Indenture and the Securities. 

 

Article
IX

SUPPLEMENTAL INDENTURES

 

Section
901.     Supplemental Indentures Without Consent of Holders.
Except as may otherwise be provided pursuant to Section 301 for all or any specific Securities of any series, without the consent
of any Holders, the Company, when authorized by a Board Resolution, each of the Guarantors, when authorized by a Guarantor’s Board
Resolution of such Guarantor, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto,
in form satisfactory to the Trustee, for any of the following purposes: 

 

(1)              
to evidence the succession of another Person to the Company or a Guarantor and the assumption by any such successor of the covenants
of the Company or such Guarantor herein and in the Securities or the Guarantees of such Guarantor, as the case may be; or

 

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

 

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

 

(4)              
to add to or change any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the issuance
of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate
the issuance of Securities in uncertificated form; or

 

(5)              
to add to, change or eliminate any of the provisions of this Indenture in respect of all or any Securities of any series or any
Guarantees thereof (and if such addition, change or elimination is to apply with respect to less than all Securities of such series or
Guarantees thereof, stating that it is expressly being made to apply solely with respect to such Securities within such series or Guarantees
thereof), provided that any such addition, change or elimination (A) shall neither (i) apply to any Security of any series or Guarantee
thereof created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the
rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no such Security
Outstanding; or

 

(6)              
to secure the Securities or any Guarantees; or

 

(7)              
to establish the form or terms of all or any Securities of any series and any Guarantees thereof as permitted by Sections 201
and 301; or

 

(8)              
to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one
or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 611; or

 

(9)              
to add to or change any of the provisions of this Indenture with respect to any Securities that by their terms may be converted
into securities or other property other than Securities of the same series and of like tenor, in order to permit or facilitate the issuance,
payment or conversion of such Securities; or

 

(10)          
to add any Person as an additional Guarantor under this Indenture, to add additional Guarantees or additional Guarantors in respect
of any Outstanding Securities under this Indenture, or to evidence the release and discharge of any Guarantor from its obligations under
its Guarantees of any Securities and its obligations under this Indenture in respect of any Securities in accordance with the terms of
this Indenture; or

 

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(11)          
to conform the text of this Indenture or any Securities or any Guarantee endorsed thereon to any provision of the “Description
of the Notes” (or comparable) section in any offering memorandum, prospectus or prospectus supplement of the Company prepared from
time to time after the date of this Indenture with respect to the offer and sale of Securities of any series, to the extent that such
provision was intended to be a verbatim recitation of a provision of this Indenture, the Securities or such Guarantee; or

 

(12)          
to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant
to this Clause (12) shall not adversely affect the interests of the Holders of Securities of any series in any material respect.

 

The Trustee is hereby authorized
to join with the Company and the Guarantors in the execution of any such supplemental indenture, to make any further appropriate agreements
and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property
thereunder, but the Trustee shall not be obligated to enter into any such supplemental indenture which affects the Trustee’s own
rights, duties or immunities under this Indenture or otherwise.

 

Section
902.     Supplemental Indentures With Consent of Holders.
Except as may otherwise be provided pursuant to Section 301 for all or any specific Securities of any series or Guarantees thereof,
with the consent of the Holders of a majority in principal amount (including consents obtained in connection with a purchase of, or tender
offer or exchange offer for, Securities) of the Outstanding Securities of all series affected by such supplemental indenture (considered
together as one class for this purpose and such affected Securities potentially being Securities of the same or different series and,
with respect to any series, potentially comprising fewer than all the Securities of such series), by Act of said Holders delivered to
the Company and the Trustee, the Company, when authorized by a Board Resolution, each of the Guarantors when authorized by a Guarantor’s
Board Resolution of such Guarantor, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights
of the Holders of Securities of such series under this Indenture or any Guarantees of such Securities; provided, however, that
no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby (including consents
obtained in connection with a purchase of, or tender offer or exchange offer for, Securities), 

 

(1)              
change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce the
principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the
principal of an Original Issue Discount Security or any other Security which would be due and payable upon a declaration of acceleration
of the Maturity thereof pursuant to Section 502, or permit the Company to redeem any Security if, absent such supplemental indenture,
the Company would not be permitted to do so, or change any Place of Payment where, or the coin or currency in which, any Security or any
premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the
Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or

 

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(2)              
if any Security provides that the Holder may require the Company to repurchase or convert such Security, impair such Holder’s
right to require repurchase or conversion of such Security on the terms provided therein, or

 

(3)              
reduce the percentage in principal amount of the Outstanding Securities of any one or more series (considered separately or together
as one class, as applicable, and whether comprising the same or different series or less than all the Securities of a series), the consent
of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance
with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or

 

(4)              
if any Security is guaranteed by the Guarantee of any Guarantor, release such Guarantor from any of its obligations under such
Guarantee except in accordance with the terms of this Indenture, or

 

(5)              
modify any of the provisions of this Section, Section 513 or Section 1006, except to increase any such percentage
or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding
Security affected thereby; provided, however,
that this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to “the
Trustee” and concomitant changes in this Section and Section 1006, or the deletion of this proviso, in accordance
with the requirements of Sections 611 and 901(8).

 

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

 

It shall not be necessary
for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient
if such Act shall approve the substance thereof. A consent to any indenture supplemental hereto by or on behalf of any Holder of Securities
given in connection with a purchase of, or tender or exchange offer for, such Holder’s Securities will not be rendered invalid by
such purchase, tender or exchange.

 

Section
903.     Execution of Supplemental Indentures.
In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications
thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) shall be
fully protected in relying upon, an Opinion of Counsel and Officers’ Certificate and Guarantor’s Officers’ Certificate,
as the case may be, stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee
may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or
immunities under this Indenture or otherwise. 

 

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

 

Section
905.     Conformity with Trust Indenture Act.
Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 

 

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

 

Section
907.     Subordination Unimpaired.
No supplemental indenture shall adversely affect the interests of any holder of Senior Debt then outstanding under Article XV or
of any holder of Senior Guarantor Debt then outstanding under the last paragraph of Section 1401 in any material respect unless
each holder of Senior Debt or Senior Guarantor Debt so affected (or the group or representative thereof authorized or required to consent
thereto pursuant to the instrument creating or evidencing, or pursuant to which there is outstanding, such Senior Debt or Senior Guarantor
Debt) consents to such supplemental indenture in writing.

 

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
any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture. 

 

Section
1002. Maintenance of Office or Agency. 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, where Securities
may be surrendered for conversion and where notices and demands to or upon the Company or any Guarantor 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, and the Company and each Guarantor hereby appoints the Trustee as its agent to receive all such
presentations, surrenders, notices and demands. 

 

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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.

 

With respect to any Global
Security, and except as otherwise may be specified for such Global Security as contemplated by Section 301, the Corporate Trust
Office of the Trustee shall be the Place of Payment where such Global Security may be presented or surrendered for payment or for registration
of transfer or exchange, or where successor Securities may be delivered in exchange therefor, provided, however, that any
such payment, presentation, surrender or delivery effected pursuant to the Applicable Procedures of the Depositary for such Global Security
shall be deemed to have been effected at the Place of Payment for such Global Security in accordance with the provisions of this Indenture.

 

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 or any premium or interest on 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 any premium and 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, it will, on or prior to 12:30 P.M., New York City time, on each due date
of the principal of or any premium or interest on any Securities of that series, deposit (or, if the Company has deposited any trust funds
with a trustee pursuant to Section 1304(1), cause such trustee to deposit) with a Paying Agent a sum sufficient to pay such amount,
such sum to be held as provided by the Trust Indenture Act, 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) comply with the provisions
of the Trust Indenture Act applicable to it as a Paying Agent and (2) during the continuance of any default by the Company (or any other
obligor upon the Securities of that series) in the making of any payment in respect of the Securities of that series, upon the written
request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities
of that series.

 

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The Company may at any time,
for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct
any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee
upon the same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying
Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money.

 

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 or any premium or interest on any
Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall
be paid to the Company on Company Request (or if deposited by a Guarantor, paid to such Guarantor on Guarantor 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 or such Guarantor, as the case may be, 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, shall, at the expense of the Company, cause to
be published once, in The New York Times or 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 publication, any unclaimed balance
of such money then remaining will be repaid to the Company, or the applicable Guarantor as the case may be.

 

Section
1004. Corporate Existence. Subject
to Article VIII, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its
corporate existence, rights (charter and statutory), licenses and franchises; provided, however, that the Company will not be required
to preserve any such right, license or franchise if it shall determine that the preservation thereof is no longer desirable in the conduct
of the business of the Company.

 

Section
1005. Statement by Officers as to Default. 

 

(a) The Company shall deliver
to the Trustee, within 120 days after the end of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate,
stating that a review of the activities of the Company 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
with respect to the Securities of each series Outstanding and further stating, as to each such Officer signing such certificate, that
to the best of such Officer’s actual knowledge, the Company has kept, observed, performed and fulfilled its obligations under this
Indenture with respect to Securities of such series and is not in default in the performance and observance of any of the material terms,
provisions and conditions of this Indenture with respect to Securities of such series, in each case, so as not to result in any default
or Event of Default with respect to Securities of such series (or, if a default or Event of Default with respect to Securities of such
series shall have occurred and be continuing, describing all such defaults or Events of Default of which such Officer may have knowledge
and what action the Company is taking or propose to take with respect thereto).

 

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(b) So long as any Securities
of a series to which Article XIV has been made applicable are Outstanding, each Guarantor with respect to Securities of such series
Outstanding shall deliver to the Trustee, within 120 days after the end of each fiscal year of the Company ending after the date hereof,
a Guarantor’s Officers’ Certificate with respect to such Guarantor, stating that a review of the activities of such Guarantor
during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether such Guarantor
has kept, observed, performed and fulfilled its obligations under this Indenture with respect to the Securities of such series and further
stating, as to each such Officer signing such certificate, that to the best of such Officer’s actual knowledge, such Guarantor has
kept, observed, performed and fulfilled its obligations under this Indenture with respect to Securities of such series and is not in default
in the performance and observance of any of the material terms, provisions and conditions of this Indenture with respect to Securities
of such series, in each case, so as not to result in any default or Event of Default with respect to Securities of such series (or, if
a default or Event of Default with respect to Securities of such series shall have occurred and be continuing, describing all such defaults
or Events of Default of which such Officer may have knowledge and what action such Guarantor is taking or proposes to take with respect
thereto).

 

Section
1006. Waiver of Certain Covenants. Except as otherwise
provided pursuant to Section 301 for all or any Securities of any series, the Company may, with respect to all or any Securities
of any series, omit in any particular instance to comply with any term, provision or condition set forth in Section 1004 or in
any covenant provided pursuant to Section 301(18), 901(2), 901(6) or 901(7) for the benefit of the Holders
of such series or in Article VIII if, before the time for such compliance, the Holders of a majority in principal amount (including
waivers obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of all Outstanding Securities affected
by such waiver (considered together as one class for this purpose and such affected Securities potentially being Securities of the same
or different series and, with respect to any particular series, potentially comprising fewer than all the Securities of such series) shall,
by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition,
but no such waiver shall extend to or affect such term, provision 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 term, provision or
condition shall remain in full force and effect. A waiver of compliance given by or on behalf of any Holder of Securities in connection
with a purchase of, or tender or exchange offer for, such Holder’s Securities will not be rendered invalid by such purchase, tender
or exchange. 

 

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 such Securities) in accordance with this Article. 

 

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Section
1102. Election to Redeem; Notice to Trustee. The
election of the Company to redeem any Securities shall be established in or pursuant to a Board Resolution or in another manner specified
as contemplated by Section 301 for such Securities. In case of any redemption at the election of the Company of less than all the
Securities of any series (including any such redemption affecting only a single Security), the Company shall, at least 5 Business Days
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, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities
to be redeemed. In the case of any redemption of Securities (1) prior to the expiration of any restriction on such redemption provided
in the terms of such Securities or elsewhere in this Indenture, or (2) pursuant to an election of the Company that is subject to a condition
specified in the terms of the Securities of the series to be redeemed, the Company shall furnish the Trustee with an Officers’ Certificate
evidencing compliance with such restriction or condition. Redemptions may be conditioned upon the occurrence of conditions precedent
with respect to the redemption.

 

Section
1103. Selection by Trustee of Securities to Be Redeemed.
If less than all the Securities of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are
to be redeemed or unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not
more than 40 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 which may provide for the selection for redemption of a
portion of the principal amount of any Security of such series, provided that the unredeemed portion of the principal amount of any Security
shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. If less than
all the Securities of such series and of a specified tenor are to be redeemed (unless such redemption affects only a single Security),
the particular Securities to be redeemed shall be selected not more than 40 days prior to the Redemption Date by the Trustee, from the
Outstanding Securities of such series and specified tenor not previously called for redemption in accordance with the preceding sentence.

 

If any Security selected for
partial redemption is converted in part before termination of the conversion right with respect to the portion of the Security so selected,
the converted portion of such Security shall be deemed (so far as it may be) to be the portion selected for redemption. Securities which
have been converted during a selection of Securities to be redeemed shall be treated by the Trustee as Outstanding for the purpose of
such selection.

 

The Trustee shall promptly
notify the Company and each Security Registrar in writing of the Securities selected for redemption as aforesaid and, in case of any Securities
selected for partial redemption as aforesaid, the principal amount thereof to be redeemed.

 

The provisions of the two
preceding paragraphs shall not apply with respect to any redemption affecting only a single Security, whether such Security is to be redeemed
in whole or in part. In the case of any such redemption in part, the unredeemed portion of the principal amount of the Security shall
be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security.

 

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.

 

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Section
1104. Notice of Redemption. Notice of redemption
shall be given in the manner provided in Section 106 not less than 30 days nor more than 60 days prior to the Redemption Date (or
within such period as otherwise specified as contemplated by Section 301 for the relevant Securities), to each Holder of Securities
to be redeemed, at his address appearing in the Security Register. 

 

All notices of redemption
shall identify the Securities to be redeemed (including CUSIP numbers, if any) and shall state:

 

(1)              
the Redemption Date,

 

(2)              
the Redemption Price,

 

(3)              
if less than all the Outstanding Securities of any series consisting of more than a single Security are to be redeemed, the identification
(and, in the case of partial redemption of any such Securities, the principal amounts) of the particular Securities to be redeemed and,
if less than all the Outstanding Securities of any series consisting of a single Security are to be redeemed, the principal amount of
the particular Security 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 each such Security is to be surrendered for payment of the Redemption Price,

 

(6)              
any conditions precedent for the redemption, if any,

 

(7)              
for any Securities that by their terms may be converted, the terms of conversion, the date on which the right to convert the Security
to be redeemed will terminate and the place or places where such Securities may be surrendered for conversion, and

 

(8)              
that the redemption is for a sinking fund, if such is the case.

 

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, by the Trustee in the
name and at the expense of the Company.

 

Section
1105. Deposit of Redemption Price. Prior to 11:00
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, all the Securities
which are to be redeemed on that date, other than any Securities called for redemption on that date which have been converted prior to
the date of such deposit. 

 

If any Security called for
redemption is converted, any money deposited with the Trustee or with any Paying Agent or so segregated and held in trust for the redemption
of such Security shall (subject to any right of the Holder of such Security or any Predecessor Security to receive interest as provided
in the last paragraph of Section 307 or in the terms of such Security) be paid to the Company upon Company Request or, if then
held by the Company, shall be discharged from such trust.

 

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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 or unless the conditions for the redemption have not been satisfied) 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 to the Redemption Date; provided, however, that, unless otherwise specified as contemplated
by Section 301, installments of interest whose Stated Maturity is on or prior to the Redemption Date will 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 any premium shall, until paid, bear interest
from the Redemption Date at the rate prescribed therefor in the Security.

 

Section
1107. Securities Redeemed in Part. Any 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, and, if applicable, the Guarantors shall execute, and the Trustee
shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series
and of like tenor, 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. No Limit on Repurchases. Nothing in this
Indenture or the Securities shall prohibit or limit the right of the Company or any Affiliate of the Company to repurchase Securities
from time to time at any price in open market purchases or private transactions at negotiated prices, by tender offer or otherwise, in
each case without any notice to or consent by Holders. Any Securities purchased by the Company or any Affiliate of the Company may, to
the extent permitted by law and at the discretion of the Company, be held, resold or delivered to the Trustee for cancellation. Any such
Securities delivered to the Trustee for cancellation may not be resold and shall be disposed of as directed by Company Order.

 

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 any series except as otherwise specified as
contemplated by Section 301 for such Securities. 

 

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The minimum amount of any
sinking fund payment provided for by the terms of any Securities is herein referred to as a “mandatory sinking fund payment,”
and any payment in excess of such minimum amount provided for by the terms of such Securities is herein referred to as an “optional
sinking fund payment.” If provided for by the terms of any Securities, 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 as
provided for by the terms of such Securities.

 

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 converted in accordance with their terms or 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 any Securities
of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such Securities;
provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be
received and credited for such purpose by the Trustee at the Redemption Price, as specified in the Securities so to be redeemed (or at
such other prices as may be specified for such Securities as contemplated in Section 301), for redemption through operation of
the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 

 

Section
1203. Redemption of Securities for Sinking Fund.
Not less than 45 days (or such shorter period as shall be satisfactory to the Trustee) prior to each sinking fund payment date for any
Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund
payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to be satisfied by payment
of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities pursuant to Section 1202
and will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days prior to 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

DEFEASANCE AND COVENANT DEFEASANCE

 

Section
1301. Company’s Option to Effect Defeasance or Covenant Defeasance.
Unless otherwise designated pursuant to Section 301(15), the Securities of any series of Securities shall be subject to defeasance
or covenant defeasance pursuant to such Section 1302 or 1303, in accordance with any applicable requirements provided pursuant
to Section 301 and upon compliance with the conditions set forth below in this Article. The Company may elect, at its option, at
any time, to have Section 1302 or Section 1303 applied to any Securities or any series of Securities so subject to defeasance
or covenant defeasance. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section
301 for such Securities. 

 

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Section
1302. Defeasance and Discharge. Upon the Company’s
exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case may be, the Company
shall be deemed to have been discharged from its obligations, and the provisions of Article XV (and the provisions of the
last paragraph of Section 1401) shall cease to be effective, with respect to such Securities as provided in this Section on and
after the date the conditions set forth in Section 1304 are satisfied (hereinafter called “Defeasance”).
For this purpose, such Defeasance means that the Company and the Guarantors of the Securities shall be deemed to have paid and discharged
the entire indebtedness represented by such Securities and to have satisfied all their other respective obligations under such Securities
and this Indenture insofar as such Securities or such Guarantees are concerned (and the Trustee, at the expense of the Company, shall
execute proper instruments acknowledging the same), subject to the following which shall survive until otherwise terminated or discharged
hereunder: (1) the rights of Holders of such Securities to receive, solely from the trust fund described in Section 1304(1) and
as more fully set forth in such Section, payments in respect of the principal of and any premium and interest on such Securities when
payments are due, or, if applicable, to convert such Securities in accordance with their terms, (2) the obligations of the Company and
the Guarantors of the Securities of such series with respect to such Securities under Sections 304, 305, 306, 1002
and 1003, and, if applicable, their obligations with respect to the conversion of such Securities, (3) the rights, powers, trusts,
duties and immunities of the Trustee hereunder and (4) this Article. Subject to compliance with this Article, the Company may exercise
its option (if any) to have this Section applied to any Securities notwithstanding the prior exercise of its option (if any) to have Section
1303 applied to such Securities. Upon the effectiveness of Defeasance with respect to any series of Securities, each Guarantor of
the Securities of such series shall (except as provided in clause (2) of the next preceding sentence) be automatically and unconditionally
released and discharged from all of its obligations under its Guarantee of the Securities of such series and all of its other obligations
under this Indenture in respect of the Securities of such series, without any action by the Company, any Guarantor or the Trustee and
without the consent of the Holders of any Securities.

 

Section
1303. Covenant Defeasance. Upon the Company’s
exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case may be, (1) the
Company shall be released from its obligations under Section 1004 and any covenants provided pursuant to Section 301(18),
901(2), 901(6) or 901(7) for the benefit of the Holders of such Securities, (2) the occurrence of any event specified
in Sections 501(4) (with respect to Section 1004 and any such covenants provided pursuant to Section 301(18), 901(2),
901(6) or 901(7)) and 501(8) shall be deemed not to be or result in an Event of Default and (3) and the provisions
of Article XV (and the provisions of the last paragraph of Section 1401) shall cease to be effective, in each case
with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 1304 are
satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that,
with respect to such Securities, the Company and any Guarantor may omit to comply with and shall have no liability in respect of any term,
condition or limitation set forth in any such specified Section (to the extent so specified in the case of Section 501(4)) or Article XV
or the last paragraph of Section 1401, whether directly or indirectly by reason of any reference elsewhere herein to any such Section
or by reason of any reference in any such Section to any other provision herein or in any other document, but the remainder of this Indenture
and such Securities and any Guarantees thereof shall be unaffected thereby. 

 

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Section
1304. Conditions to Defeasance or Covenant Defeasance.
The following shall be the conditions to the application of Section 1302 or Section 1303 to any Securities or any series
of Securities, as the case may be: 

 

(1)              
The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee which satisfies the
requirements contemplated by Section 609 and agrees to comply with the provisions of this Article applicable to it) as trust funds
in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefits
of the Holders of such Securities, (A) money in an amount, or (B) U.S. Government Obligations which through the scheduled payment of principal
and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment,
money in an amount, or (C) such other obligations or arrangements as may be specified as contemplated by Section 301 with respect
to such Securities, or (D) a combination thereof, in each case sufficient (as expressed (except in the case of Clause (A)) in a written
certification delivered to the Trustee of the opinion of a nationally recognized firm of independent public accountants or nationally
recognized investment banking firm) to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee)
to pay and discharge, the principal of and any premium and interest on such Securities on the respective Stated Maturities, in accordance
with the terms of this Indenture and such Securities. As used herein, “U.S. Government Obligation” means (x)
any security which is (i) a direct obligation of the United States of America for the payment of which the full faith and credit of the
United States of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality
of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United
States of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) any depositary
receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any U.S. Government Obligation
which is specified in Clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect
to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and held, provided that (except
as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt
from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal or interest
evidenced by such depositary receipt.

 

(2)              
In the event of an election to have Section 1302 apply to any Securities or any series of Securities, as the case may be,
the Company shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling or (B) since the date of this instrument, there has been a change in the applicable
Federal income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of
such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to
be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the
same times as would be the case if such deposit, Defeasance and discharge were not to occur.

 

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(3)              
In the event of an election to have Section 1303 apply to any Securities or any series of Securities, as the case may be,
the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize
gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities
and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit
and Covenant Defeasance were not to occur.

 

(4)              
The Company shall have delivered to the Trustee an Officers’ Certificate to the effect that neither such Securities nor any
other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit.

 

(5)              
No event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such Securities or
any other Securities (other than such an event or Event of Default with respect to such Securities resulting solely from the incurrence
of indebtedness or other borrowing of funds, or the grant of liens securing such indebtedness or other borrowing, all or a portion of
which are to be applied to such deposit) shall have occurred and be continuing at the time of such deposit.

 

(6)              
Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other agreement
or instrument (other than this Indenture insofar as such Securities are concerned) to which the Company is a party or by which it is bound.

 

(7)              
The Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company
with the intent of preferring the Holders of such Securities over the other creditors of the Company or with the intent of defeating,
hindering, delaying or defrauding creditors of the Company.

 

(8)              
The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with.

 

Section
1305. Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions.
Subject to the provisions of the last paragraph of Section 1003, all money and U.S. Government Obligations (including the proceeds
thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 1306, the Trustee
and any such other trustee are referred to collectively as the “Trustee”) pursuant to Section 1304 in
respect of any Securities 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 such Paying Agent (including the Company acting as its own Paying Agent
or any Guarantor of the Securities of the applicable series or any Subsidiary or Affiliate of the Company or any such Guarantor 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 and any premium and interest, but money and U.S. Government Obligations so held in trust need not be segregated from other
funds except to the extent required by law. Money and U.S. Government Obligations (including the proceeds thereof) so held in trust shall
not be subject to the provisions of Article XV, provided that the applicable conditions of Section 1304 have been satisfied.

 

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The Company shall pay and
indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant
to Section 1304 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 Outstanding Securities.

 

Anything in this Article to
the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or U.S.
Government Obligations held by it as provided in Section 1304 with respect to any Securities which, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess
of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance, as the case may be,
with respect to such Securities.

 

Section
1306. Reinstatement. If the Trustee or the Paying
Agent is unable to apply any money in accordance with this Article with respect to any Securities by reason of any order or judgment of
any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the respective obligations
under this Indenture and such Securities and, if applicable, Guarantees of such Securities from which the Company and the applicable Guarantors
have been discharged or released pursuant to Section 1302 or 1303 shall be revived and reinstated as though no deposit had
occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to apply
all money held in trust pursuant to Section 1305 with respect to such Securities in accordance with this Article; provided,
however, that if the Company or any Guarantor makes any payment of principal of or any premium or interest on any such Security
following such reinstatement of its obligations, the Company or such Guarantor, as the case may be, shall be subrogated to the rights
(if any) of the Holders of such Securities to receive such payment from the money so held in trust. 

 

Article
XIV

GUARANTEES

 

Section
1401. Guarantees. Securities of any series that
are to be guaranteed by the Guarantees of any Guarantors shall be guaranteed by such Guarantors as shall be established pursuant to Section
301 with respect to the Securities of such series. The Persons who shall initially be the Guarantors of the Securities of any such
series may, but need not, include any or all of the Initial Guarantors and may include any and all such other Persons as the Company may
determine; provided that, prior to the authentication and delivery upon original issuance of Securities that are to be guaranteed by a
Person that is not an Initial Guarantor, the Company, the Trustee and such Person shall enter into a supplemental indenture pursuant to
Section 901 hereof whereby such Person shall become a Guarantor under this Indenture.

 

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Securities of any series that
are to be guaranteed by the Guarantees of any Guarantors shall be guaranteed in accordance with the terms of such Guarantees as established
pursuant to Section 301 with respect to such Securities and such Guarantees thereof and (except as otherwise specified as contemplated
by Section 301 for such Securities and such Guarantees thereof) in accordance with this Article.

 

Each
Guarantor of any Security hereby fully and unconditionally guarantees to each Holder of such Security, and to the Trustee on behalf
of such Holder, the due and punctual payment of the principal of, and premium, if any, and interest, if any, on such Security when and
as the same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise,
in accordance with the terms of such Security and of this Indenture. In case of the failure of the Company punctually to make any such
payment, such Guarantor hereby agrees to cause such payment to be made punctually when and as the same shall become due and payable, whether
at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise, and as if such payment were made by the Company.

 

The
Guarantor of any Security hereby agrees that its obligations hereunder shall be absolute and unconditional irrespective of, and
shall be unaffected by, any invalidity, irregularity or unenforceability of such Security or this Indenture, any failure to enforce the
provisions of such Security or this Indenture, or any waiver, modification or indulgence granted to the Company with respect thereto,
by the Holder of such Security or the Trustee or any other circumstance which may otherwise constitute a legal or equitable discharge
or defense of a surety or guarantor; provided, however, that, notwithstanding the foregoing, no such waiver, modification or indulgence
shall, without the consent of any Guarantor, increase the principal amount of such Security, or increase the interest rate thereon, change
any redemption provisions thereof (including any change to increase any premium payable upon redemption thereof) or change the Stated
Maturity of any payment thereon, or increase the principal amount of any Original Issue Discount Security that would be due and payable
upon a declaration of acceleration or the maturity thereof pursuant to Section 502 of this Indenture.

 

The
Guarantor of any Security hereby waives the benefits of diligence, presentment, demand for payment, any requirement that the Trustee
or any of the Holders exhaust any right or take any action against the Company or any other Person, filing of claims with a court in the
event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest or notice with
respect to any Security or the indebtedness evidenced thereby and all demands whatsoever, and covenants that its obligations hereunder
will not be discharged in respect of such Security except by complete performance of the obligations of such Guarantor contained in such
Security and in this Indenture. Any Guarantee of any Guarantor hereunder shall constitute a guaranty of payment and not of collection.
The Guarantor of any Security hereby agrees that, in the event of a default in payment of principal, or premium, if any, or interest,
if any, on such Security, whether at its Stated Maturity, by declaration of acceleration, call for redemption or otherwise, legal proceedings
may be instituted by the Trustee on behalf of, or by, the Holder of such Security, subject to the terms and conditions set forth in this
Indenture, directly against such Guarantor to enforce the obligation of such Guarantor hereunder without first proceeding against the
Company.

 

The
obligations of the Guarantor of any Security hereunder with respect to such Security shall be continuing and irrevocable until
the date upon which the entire principal of, premium, if any, and interest, if any, on such Security has been, or has been deemed pursuant
to the provisions of Article Four of this Indenture to have been, paid in full or otherwise discharged.

 

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The
Guarantor of any Security shall be subrogated to all rights of the Holders of such Security against the Company in respect of any
amounts paid by the Guarantor on account of such Security pursuant to the provisions of this Indenture; provided, however, that such Guarantor
shall not be entitled to enforce or to receive any payments arising out of, or based upon, such right of subrogation until the principal
of, and premium, if any, and interest, if any, on all Securities issued hereunder that are due and payable shall have been paid in full.

 

The
Guarantee by any Guarantor of any Security shall remain in full force and effect and continue notwithstanding any petition filed
by or against the Company for liquidation or reorganization, the Company becoming insolvent or making an assignment for the benefit of
creditors or a receiver or trustee being appointed for all or any significant part of the Company’s assets, and shall, to the fullest
extent permitted by law, continue to be effective or reinstated, as the case may be, if at any time payment of such Security, is, pursuant
to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any Holder of such Security, whether as
a “voidable preference,” “fraudulent transfer,” or otherwise, all as though such payment or performance had not
been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned on a Security, such Security
shall, to the fullest extent permitted by law, be reinstated and deemed paid only by such amount paid and not so rescinded, reduced, restored
or returned.

 

No Guarantor shall consolidate
with or merge into any other Person or sell, convey or transfer all or substantially all its properties and assets to any Person, and
no Guarantor shall permit any Person to consolidate with or merge into such Guarantor, in each case in a transaction in which the successor
Person formed by such consolidation or merger or to which such sale, conveyance or transfer is made is an Affiliate of the Company, and
no Guarantor shall lease all or substantially all its properties and assets to any Person (whether or not such an Affiliate), unless,
in any such case:

 

(1)              
in case such Guarantor shall consolidate with or merge into another Person or sell, convey, transfer or lease all or substantially
all its properties and assets to any Person, the Person formed by such consolidation or into which such Guarantor is merged or the Person
which acquires by sale, conveyance or transfer, or which leases, all or substantially all the properties and assets of such Guarantor
shall be a corporation, partnership or trust, shall be organized and validly existing under the laws of the United States, any state thereof
or the District of Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in
form reasonably satisfactory to the Trustee, the performance or observance of every covenant of this Indenture and any Guarantees on the
part of such Guarantor to be performed or observed;

 

(2)              
immediately after giving effect to such transaction no Event of Default, and no event which, after notice or lapse of time or both,
would become an Event of Default, shall have happened and be continuing; and

 

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(3)              
such Guarantor has delivered to the Trustee a Guarantor’s Officers’ Certificate and an Opinion of Counsel, each stating
that such consolidation, merger, sale, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such
transaction, such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such
transaction have been complied with.

 

Upon any consolidation of any Guarantor with,
or merger of such Guarantor into, any other Person or any sale, conveyance, transfer or lease of all or substantially all the properties
and assets of such Guarantor in accordance with this paragraph, the successor Person formed by such consolidation or into which such Guarantor
is merged or to which such sale, conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every
right and power of, such Guarantor under this Indenture with the same effect as if such successor Person had been named as such Guarantor
herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under
this Indenture and any Guarantees of such Guarantor.

 

Upon (i) a consolidation or
merger of any Guarantor with or into, or a sale, conveyance or transfer of all or substantially all the properties and assets of any Guarantor
to, any other Person or any consolidation or merger of any Person with or into any Guarantor, in each case in a transaction in which the
successor Person formed by such consolidation or merger or to which such sale, conveyance or transfer is made is not an Affiliate of the
Company or (ii) any sale, conveyance or transfer (including by way of merger) by the Company or any Subsidiary thereof of all or substantially
all the Capital Stock of any Guarantor to any Person that is not an Affiliate of the Company, such Guarantor shall be deemed to be automatically
and unconditionally released and discharged from all its obligations under its Guarantees and under this Article XIV with respect
to Securities of all series without any further action required on the part of the Trustee or any Holder. The Trustee shall deliver an
appropriate instrument evidencing such release and discharge upon receipt of a Company Request accompanied by an Officers’ Certificate
certifying as to the compliance with this paragraph of Section 1401. The Company may, at its option, at any time and from time
to time, cause any Guarantor to be automatically and unconditionally released and discharged from all its obligations under its Guarantees
with respect to Securities of any series guaranteed by Guarantees of such Guarantor and under this Article XIV upon (i) any conditions
for such release provided with respect to Securities of such series in accordance with Section 301 having been satisfied and (ii)
delivery by the Company to the Trustee of a Company Order relating to such release and discharge. The Trustee shall deliver an appropriate
instrument evidencing such release and discharge upon receipt of a Company Request accompanied by an Officers’ Certificate certifying
as to the compliance with this paragraph of Section 1401.

 

Anything in this Indenture,
the Securities or any Guarantee to the contrary notwithstanding, the obligations of any Guarantor under its Guarantees and this Indenture
shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor, result
in the obligations of such Guarantor under its Guarantees and this Indenture not constituting a fraudulent advance or fraudulent transfer
under any Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal, state or
other law affecting the rights of creditors generally.

 

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No Guarantee by any Guarantor
of any Security, whether or not such Guarantee is or is to be endorsed thereon, shall be valid and obligatory for any purpose with respect
to such Security until the certificate of authentication on such Security shall have been signed by or on behalf of the Trustee.

 

The obligations of each Guarantor
under its Guarantees pursuant to this Article XIV are hereby expressly made subordinate and subject in right of payment to the
prior payment in full of all Senior Guarantor Debt of such Guarantor, in each case on the same basis as the indebtedness represented by
the Securities and the payment of the principal of (and premium, if any) and interest on the Securities are subordinate and subject in
right of payment to the prior payment in full of all Senior Debt, mutatis mutandis. For the purposes of the foregoing sentence, the Trustee
and the Holders shall have the right to receive or retain payments by any Guarantor only at such times as they may receive or retain payments
and distributions in respect of the Securities pursuant to this Indenture, including Article XV hereof.

 

Article
XV

SUBORDINATION OF SECURITIES

 

Section
1501.    Securities Subordinate to Senior Debt.
The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the
extent and in the manner hereinafter set forth in this Article, the indebtedness represented by the Securities and the payment of the
principal of (and premium, if any) and interest on each and all of the Securities are hereby expressly made subordinate and subject in
right of payment to the prior payment in full of all Senior Debt. 

 

Notwithstanding the foregoing,
if a deposit referred to in Section 1304(1) is made pursuant to Section 1302 or Section 1303 with respect to any
Securities (and provided all other conditions set out in Section 1302 or Section 1303, as applicable, shall have been satisfied
with respect to such Securities), then no money or U.S. Government Obligations so deposited, and no proceeds thereon, will be subject
to any rights of holders of Senior Debt, including any such rights arising under this Article XV.

 

Section
1502.    Payment Over of Proceeds Upon Dissolution, Etc.
In the event of (a) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar
case or proceeding in connection therewith, relative to the Company’s or to its creditors, as such, or to its assets, or (b) any
liquidation, dissolution or other winding up of the Company, whether voluntary or involuntary and whether or not involving insolvency
or bankruptcy, or (c) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of the Company, then
and in any such event the holders of Senior Debt shall be entitled to receive payment in full of all amounts due or to become due on or
in respect of all Senior Debt (including any interest accruing thereon after the commencement of any such case or proceeding), or provision
shall be made for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Debt, before
the Holders of the Securities are entitled to receive any payment on account of principal of (or premium, if any) or interest on the Securities,
and to that end the holders of Senior Debt shall be entitled to receive, for application to the payment thereof, any payment or distribution
of any kind or character, whether in cash, property or securities, including any such payment or distribution which may be payable or
deliverable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Securities, which
may be payable or deliverable in respect of the Securities in any such case, proceeding, dissolution, liquidation or other winding up
event.

 

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In the event that, notwithstanding
the foregoing provisions of this Section, the Trustee or the Holder of any Security shall have received any payment or distribution of
assets of the Company of any kind or character, whether in cash, property or securities, including any such payment or distribution which
may be payable or deliverable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the
Securities, before all Senior Debt is paid in full or payment thereof provided for, and if such fact shall, at or prior to the time of
such payment or distribution, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such payment
or distribution shall be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee,
agent or other Person making payment or distribution of assets of the Company for application to the payment of all Senior Debt remaining
unpaid, to the extent necessary to pay all Senior Debt in full, after giving effect to any concurrent payment or distribution to or for
the holders of Senior Debt. Any taxes that have been withheld or deducted from any payment or distribution in respect of the Securities,
or any taxes that ought to have been withheld or deducted from any such payment or distribution that have been remitted to the relevant
taxing authority, shall not be considered to be an amount that the Trustee or the Holder of any Security receives for purposes of this
Section.

 

For purposes of this Article
only, the words “cash, property or securities” shall not be deemed to include shares of stock of the Company as reorganized
or readjusted, or securities of the Company or any other corporation or other entity, provided for by a plan of reorganization or readjustment
which are subordinated in right of payment to all Senior Debt which may at the time be outstanding to substantially the same extent as,
or to a greater extent than, the Securities are so subordinated as provided in this Article. The consolidation of the Company with, or
the merger of the Company into, or the sale, conveyance, transfer or lease by the Company of all or substantially all its properties and
assets to, another Person upon the terms and conditions set forth in Article VIII, or the liquidation or dissolution of the Company
following any such sale, conveyance or transfer, shall not be deemed a dissolution, winding up, liquidation, reorganization, assignment
for the benefit of creditors or marshalling of assets and liabilities of the Company for the purposes of this Section if the Person formed
by such consolidation or into which the Company is merged or the Person which acquires by sale, conveyance, transfer or lease all or substantially
all of such properties and assets, as the case may be, shall, as a part of such consolidation, merger, sale, conveyance, transfer or lease,
comply with the conditions set forth in Article VIII.

 

Section
1503.    Prior Payment to Senior Debt Upon Acceleration of Securities.
In the event that any Securities are declared due and payable before their Stated Maturity, then and in such event the holders of Senior
Debt shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Debt or provision
shall be made for such payment in cash, before the Holders of the Securities are entitled to receive any payment (including any payment
which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Securities)
by the Company on account of the principal of (or premium, if any) or interest on the Securities or on account of the purchase or other
acquisition of Securities; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment
in accordance with Article XII by delivering and crediting pursuant to Section 1202 Securities which have been acquired
(upon redemption or otherwise) prior to such declaration of acceleration.

 

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In the event that, notwithstanding
the foregoing, the Company shall make any payment to the Trustee or the Holder of any Security prohibited by the foregoing provisions
of this Section, and if such fact shall, at or prior to the time of such payment, have been made known to the Trustee or, as the case
may be, such Holder, then and in such event such payment shall be paid over and delivered forthwith to the Company.

 

Section
1504.    No Payment When Senior Debt in Default.
Subject to the last paragraph of this Section, (a) (i) in the event and during the continuation of any default in the payment of principal
of (or premium, if any) or interest on any Senior Debt beyond any applicable grace period with respect thereto, or (ii) in the event that
any event of default with respect to any Senior Debt shall have occurred and be continuing permitting the holders of such Senior Debt
(or a trustee on behalf of the holders thereof) to declare such Senior Debt due and payable prior to the date on which it would otherwise
have become due and payable, whether or not such Senior Debt has been so accelerated (provided that, in the case of Clause (i) or Clause
(ii), if such default in payment or event of default shall have been cured or waived or shall have ceased to exist and any such declaration
of acceleration shall have been rescinded or annulled, then such default in payment or event of default, as the case may be, shall be
deemed not to have occurred for the purposes of this Section), or (b) in the event that any judicial proceeding shall be pending with
respect to any such default in payment or event of default that shall be deemed to have occurred for the purpose of this Section, then
no payment (including any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated
to the payment of the Securities) shall be made by the Company on account of principal of (or premium, if any) or interest on the Securities
or on account of the purchase or other acquisition of Securities; provided, however, that nothing in this Section shall prevent the satisfaction
of any sinking fund payment in accordance with Article XII by delivering and crediting pursuant to Section 1202 Securities
which have been acquired (upon redemption or otherwise) prior to such default in payment.

 

In the event that, notwithstanding
the foregoing, the Company shall make any payment to the Trustee or the Holder of any Security prohibited by the provisions of this Section,
and if such fact shall, at or prior to the time of such payment, have been made known to the Trustee or, as the case may be, such Holder,
then and in such event such payment shall be paid over and delivered forthwith to the Company.

 

No default in payment or event
of default with respect to any Senior Debt shall be deemed to be a default in payment or event of default of the kind specified in Clause
(a)(i) or (a)(ii) of this Section, and no judicial proceeding with respect to any such default in payment or event of default shall be
deemed to be a judicial proceeding of the kind specified in Clause (b) of this Section, if (x) the Company shall be disputing the occurrence
or continuation of such default in payment or event of default, or any obligation purportedly giving rise to such default in payment or
event of default, and (y) no final judgment holding that such default in payment or event of default has occurred and is continuing shall
have been issued. For this purpose, a “final judgment” means a judgment that is issued by a court having jurisdiction over
the Company or its property, is binding on the Company or their property, is in full force and effect and is not subject to judicial appeal
or review (including because the time within which a party may seek appeal or review has expired), provided that, if any such judgment
has been issued but is subject to judicial appeal or review, it shall nevertheless be deemed to be a final judgment unless the Company
shall in good faith be prosecuting such appeal or a proceeding for such review and shall have obtained a stay of execution pending such
appeal or review. Notwithstanding the foregoing, this paragraph shall not apply to any default in payment or event of default with respect
to any Senior Debt as to which the Company has waived the application of this paragraph in the instrument evidencing such Senior Debt
or by which such Senior Debt is created, incurred, assumed or guaranteed by the Company.

 

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Section
1505.    Payment Permitted in Certain Situations.
Nothing contained in this Article or elsewhere in this Indenture or in any of the Securities shall prevent (a) the Company, at any time
except during the pendency of any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors
or other marshalling of assets and liabilities of the Company referred to in Section 1502 or under the conditions described in
Section 1503 or Section 1504, from making payments at any time of or on account of the principal of (and premium, if any)
or interest on the Securities, or on account of the purchase or other acquisition of Securities, or (b) the application by the Trustee
of any money deposited with it hereunder to the payment of or on account of the principal of (and premium, if any) or interest on the
Securities or the retention of such payment by the Holders, if, at the time of such application by the Trustee, it did not have knowledge
that such payment would have been prohibited by the provisions of this Article. 

 

Section
1506.    Subrogation to Rights of Holders of Senior Debt.
Subject to the payment in full of all Senior Debt or the provision for such payment in cash or cash equivalents or otherwise in a manner
satisfactory to the holders of Senior Debt, the Holders of the Securities shall be subrogated to the extent of the payments or distributions
made to the holders of such Senior Debt pursuant to the provisions of this Article (equally and ratably with the holders of indebtedness
of the Company which by its express terms is subordinated to Indebtedness of the Company to substantially the same extent as the Securities
are subordinated to the Senior Debt and is entitled to like rights of subrogation) to the rights of the holders of such Senior Debt to
receive payments and distributions of cash, property and securities applicable to the Senior Debt until the principal of (and premium,
if any) and interest on the Securities shall be paid in full. For purposes of such subrogation, no payments or distributions to the holders
of the Senior Debt of any cash, property or securities to which the Holders of the Securities or the Trustee would be entitled except
for the provisions of this Article, and no payments over pursuant to the provisions of this Article to the holders of Senior Debt by Holders
of the Securities or the Trustee, shall, as among the Company, their creditors other than holders of Senior Debt and the Holders of the
Securities, be deemed to be a payment or distribution by the Company to or on account of the Senior Debt. 

 

Section
1507.    Provisions Solely to Define Relative Rights.
The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities
on the one hand and the holders of Senior Debt on the other hand. Nothing contained in this Article or elsewhere in this Indenture or
in the Securities is intended to or shall (a) impair, as among the Company, their creditors other than holders of Senior Debt and the
Holders of the Securities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under
this Article of the holders of Senior Debt, is intended to rank equally with all other general obligations of the Company), to pay to
the Holders of the Securities the principal of (and premium, if any) and interest on the Securities as and when the same shall become
due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Securities
and creditors of the Company other than the holders of Senior Debt; or (c) prevent the Trustee or the Holder of any Security from exercising
all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article
of the holders of Senior Debt to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder.

 

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Section
1508.    Trustee to Effectuate Subordination.
Each Holder of a Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary
or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all
such purposes. 

 

Section
1509.    No Waiver of Subordination Provisions.
No right of any present or future holder of any Senior Debt to enforce subordination as herein provided shall at any time in any way be
prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any
such holder, or by any non-compliance by the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge
thereof any such holder may have or be otherwise charged with.

 

Without in any way limiting
the generality of the foregoing paragraph, the holders of Senior Debt may, at any time and from time to time, without the consent of or
notice to the Trustee or the Holders of the Securities, without incurring responsibility to the Holders of the Securities and without
impairing or releasing the subordination provided in this Article or the obligations hereunder of the Holders of the Securities to the
holders of Senior Debt do any one or more of the following: (i) change the manner, place or terms of payment or extend the time of payment
of, or renew or alter, Senior Debt or otherwise amend or supplement in any manner Senior Debt or any instrument evidencing the same or
any agreement under which Senior Debt is outstanding; (ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged
or otherwise securing Senior Debt; (iii) release any Person liable in any manner for the collection of Senior Debt; and (iv) exercise
or refrain from exercising any rights against the Issuers and any other Person.

 

Section
1510.    Notice to Trustee. The
Company shall give prompt written notice to the Trustee of any fact known to the Company which would prohibit the making of any payment
to or by the Trustee in respect of the Securities. Notwithstanding the provisions of this Article or any other provision of this Indenture,
the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by
the Trustee in respect of the Securities, unless and until the Trustee shall have received written notice thereof from the Company or
a holder of Senior Debt or from any trustee therefor; and, prior to the receipt of any such written notice, the Trustee, subject to the
provisions of Section 601, shall be entitled in all respects to assume that no such facts exist.

 

Subject to the provisions
of Section 601, the Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself
to be a holder of Senior Debt (or a trustee therefor) to establish that such notice has been given by a holder of Senior Debt (or a trustee
therefor). In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person
as a holder of Senior Debt to participate in any payment or distribution pursuant to this Article, the Trustee may request such Person
to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Debt held by such Person, the extent to which
such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under
this Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as
to the right of such Person to receive such payment.

 

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Section
1511.    Reliance on Judicial Order or Certificate of Liquidating Agent.
Upon any payment or distribution of assets of the Company referred to in this Article, the Trustee, subject to the provisions of Section
601, and the Holders of the Securities shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction
in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding
is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee for the benefit of creditors,
agent or other Person making such payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose of
ascertaining the Persons entitled to participate in such payment or distribution, the holders of Senior Debt and other indebtedness of
the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto
or to this Article. 

 

Section
1512.    Trustee Not Fiduciary For Holders of Senior Debt.
The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt and shall not be liable to any such holders or
creditors if it shall in good faith pay over or distribute to Holders of Securities or to the Company or to any other Person cash, property
or securities to which any holders of Senior Debt shall be entitled by virtue of this Article or otherwise. With respect to the holders
of Senior Debt, the Trustee undertakes to perform or to observe only such of its covenants or obligations as are specifically set forth
in this Article and no implied covenants or obligations with respect to holders of Senior Debt shall be read into this Indenture against
the Trustee. 

 

Section
1513.    Rights of Trustee as Holder of Senior Debt; Preservation of Trustees Rights.
The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Debt which
may at any time be held by it, to the same extent as any other holder of Senior Debt and nothing in this Indenture shall deprive the Trustee
of any of its rights as such holder. 

 

Nothing in this Article shall
apply to claims of, or payments to, the Trustee under or pursuant to Section 606.

 

Section
1514.    Article Applicable to Paying Agents.
In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the
term “Trustee” as used in this Article shall in such case (unless the context otherwise requires) be construed as extending
to and including such Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent were named in this
Article in addition to or in place of the Trustee.

 

 

 

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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. Delivery of an executed counterpart of this Indenture by facsimile or electronic transmission shall be
equally as effective as delivery of an original executed counterpart of this Indenture. Any party delivering an executed counterpart of
this Indenture by facsimile or electronic transmission also shall deliver an original executed counterpart of this Indenture, but failure
to deliver an original executed counterpart shall not affect the validity, enforceability and binding effect of this Indenture.

 

The parties hereto acknowledge that in accordance
with Section 326 of the U.S.A. PATRIOT Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism
and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes
a relationship or opens an account with the Trustee. The parties agree that they will provide the Trustee with such information as it
may request in order for the Trustee to satisfy the requirements of the U.S.A. PATRIOT Act.

 

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

 

	 	LAREDO PETROLEUM, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	[NAME OF GUARANTOR]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Indenture]

 

     

     

    

 

	 	[TRUSTEE], as trustee
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Indenture]

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