Document:

Indenture, dated as of January 16, 2007

 Exhibit 4.1 
  

 NATIONAL FINANCIAL PARTNERS CORP. 
  

 INDENTURE 
 Dated as of
 January 16, 2007

  

 Wells Fargo
Bank, National Association 
 Trustee 
  

 NATIONAL FINANCIAL PARTNERS CORP. 
 Reconciliation and tie between Trust Indenture Act 
 of 1939 and Indenture, dated as of
January 16, 2007 
  

					
	Trust Indenture Act Section 	  	Indenture Section
		 		  	
	 Sec. 310
	 	(a)(1)	  	
		 	(a)(2)	  	
		 	(a)(3)	  	
		 	(a)(4)	  	
		 	(a)(5)	  	
		 	(b)	  	
	 Sec. 311
	 	(a)	  	
		 	(b)	  	
		 	(c)	  	
	 Sec. 312
	 	(a)	  	
		 	(b)	  	
		 	(c)	  	
	 Sec. 313
	 	(a)	  	
		 	(b)(1)	  	
		 	(b)(2)	  	
		 	(c)	  	
	 Sec. 314
	 	(a)	  	
		 	(b)	  	
		 	(c)(1)	  	
		 	(c)(2)	  	
		 	(c)(3)	  	
		 	(d)	  	
		 	(e)	  	
		 	(f)	  	
	 Sec. 315
	 	(a)	  	
		 	(b)	  	
		 	(c)	  	
		 	(d)	  	
		 	(e)	  	
	 Sec. 316
	 	(a)(last sentence)	  	
		 	(a)(1)(A)	  	
		 	(a)(1)(B)	  	
		 	(b)	  	
		 	(c)	  	
	 Sec. 317
	 	(a)(1)	  	
		 	(a)(2)	  	
		 	(b)	  	
	 Sec. 318
	 	(a)	  	

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

 TABLE OF CONTENTS* 
  

					
	 	  	 	  	PAGE
		
	ARTICLE I	  	
		
	DEFINITIONS	  	
			
	 Section 1.01
	  	Definitions	  	1
		
	ARTICLE II	  	
		
	FORMS OF SECURITIES	  	
			
	 Section 2.01
	  	Terms of the Securities	  	10
	 Section 2.02
	  	Form of Trustee’s Certificate of Authentication	  	11
	 Section 2.03
	  	Form of Trustee’s Certificate of Authentication by an Authenticating Agent	  	11
		
	ARTICLE III	  	
		
	THE DEBT SECURITIES	  	
			
	 Section 3.01
	  	Amount Unlimited; Issuable in Series	  	12
	 Section 3.02
	  	Denominations	  	14
	 Section 3.03
	  	Execution, Authentication, Delivery and Dating	  	14
	 Section 3.04
	  	Temporary Securities	  	17
	 Section 3.05
	  	Registrar and Paying Agent	  	18
	 Section 3.06
	  	Transfer and Exchange	  	18
	 Section 3.07
	  	Mutilated, Destroyed, Lost and Stolen Securities	  	22
	 Section 3.08
	  	Payment of Interest; Interest Rights Preserved	  	23
	 Section 3.09
	  	Cancellation	  	24
	 Section 3.10
	  	Computation of Interest	  	24
	 Section 3.11
	  	Currency of Payments in Respect of Securities	  	25
	 Section 3.12
	  	Judgments	  	25
	 Section 3.13
	  	CUSIP Numbers	  	26

	*	The Table of Contents is not a part of the Indenture. 

  

 i 

					
		
	ARTICLE IV	  	
		
	REDEMPTION OF SECURITIES	  	
			
	 Section 4.01
	  	Applicability of Right of Redemption	  	26
	 Section 4.02
	  	Selection of Securities to be Redeemed	  	26
	 Section 4.03
	  	Notice of Redemption	  	26
	 Section 4.04
	  	Deposit of Redemption Price	  	27
	 Section 4.05
	  	Securities Payable on Redemption Date	  	28
	 Section 4.06
	  	Securities Redeemed in Part	  	28
		
	ARTICLE V	  	
		
	SINKING FUNDS	  	
			
	 Section 5.01
	  	Applicability of Sinking Fund	  	28
	 Section 5.02
	  	Mandatory Sinking Fund Obligation	  	29
	 Section 5.03
	  	Optional Redemption at Sinking Fund Redemption Price	  	29
	 Section 5.04
	  	Application of Sinking Fund Payment	  	29
		
	ARTICLE VI	  	
		
	PARTICULAR COVENANTS OF THE COMPANY	  	
			
	 Section 6.01
	  	Payments of Securities	  	30
	 Section 6.02
	  	Paying Agent	  	31
	 Section 6.03
	  	To Hold Payment in Trust	  	31
	 Section 6.04
	  	Merger, Consolidation and Sale of Assets	  	33
	 Section 6.05
	  	Compliance Certificate	  	33
	 Section 6.06
	  	Conditional Waiver by Holders of Securities	  	33
	 Section 6.07
	  	Statement by Officers as to Default	  	34
		
	ARTICLE VII	  	
		
	REMEDIES OF TRUSTEE AND SECURITYHOLDERS	  	
			
	 Section 7.01
	  	Events of Default	  	34
	 Section 7.02
	  	Acceleration; Recission and Annulment	  	35
	 Section 7.03
	  	Other Remedies	  	37
	 Section 7.04
	  	Trustee as Attorney-in-Fact	  	38
	 Section 7.05
	  	Priorities	  	38

  

 ii 

					
	 Section 7.06
	  	 Control by Securityholders; Waiver of Past Defaults
	  	39
	 Section 7.07
	  	 Limitation on Suits
	  	39
	 Section 7.08
	  	 Undertaking for Costs
	  	40
	 Section 7.09
	  	 Remedies Cumulative
	  	40
	
	ARTICLE VIII
	
	CONCERNING THE SECURITYHOLDERS
			
	 Section 8.01
	  	 Evidence of Action of Securityholders
	  	41
	 Section 8.02
	  	 Proof of Execution or Holding of Securities
	  	41
	 Section 8.03
	  	 Persons Deemed Owners
	  	42
	 Section 8.04
	  	 Revocation of Consents
	  	42
	
	ARTICLE IX
	
	SECURITYHOLDERS’ MEETINGS
			
	 Section 9.01
	  	 Purposes of Meetings
	  	42
	 Section 9.02
	  	 Call of Meetings by Trustee
	  	43
	 Section 9.03
	  	 Call of Meetings by Company or Securityholders
	  	43
	 Section 9.04
	  	 Qualifications for Voting
	  	43
	 Section 9.05
	  	 Regulation of Meetings
	  	43
	 Section 9.06
	  	 Voting
	  	44
	 Section 9.07
	  	 No Delay of Rights by Meeting
	  	44
	
	ARTICLE X
	
	 REPORTS BY THE COMPANY AND THE TRUSTEE AND
 SECURITYHOLDERS’ LISTS

			
	 Section 10.01
	  	 Reports by Trustee
	  	45
	 Section 10.02
	  	 Reports by the Company
	  	45
	 Section 10.03
	  	 Securityholders’ Lists
	  	46
	
	ARTICLE XI
	
	CONCERNING THE TRUSTEE
			
	 Section 11.01
	  	 Rights of Trustees; Compensation and Indemnity
	  	46
	 Section 11.02
	  	 Duties of Trustee
	  	49

  

 iii 

					
	 Section 11.03
	  	 Notice of Defaults
	  	50
	 Section 11.04
	  	 Eligibility; Disqualification
	  	50
	 Section 11.05
	  	 Registration and Notice; Removal
	  	51
	 Section 11.06
	  	 Successor Trustee by Appointment
	  	51
	 Section 11.07
	  	 Successor Trustee by Merger
	  	53
	 Section 11.08
	  	 Right to Rely on Officers’ Certificate
	  	53
	 Section 11.09
	  	 Appointment of Authenticating Agent
	  	54
	 Section 11.10
	  	 Communications by Securityholders with Other Securityholders
	  	55
	
	ARTICLE XII
	
	SATISFACTION AND DISCHARGE; DEFEASANCE
			
	 Section 12.01
	  	 Applicability of Article
	  	55
	 Section 12.02
	  	 Satisfaction and Discharge of Indenture
	  	55
	 Section 12.03
	  	 Defeasance upon Deposit of Moneys or U.S Government Obligations
	  	56
	 Section 12.04
	  	 Repayment to Company
	  	57
	 Section 12.05
	  	 Indemnity for U.S. Government Obligations
	  	57
	 Section 12.06
	  	 Deposits to Be Held in Escrow
	  	58
	 Section 12.07
	  	 Application of Trust Money
	  	58
	 Section 12.08
	  	 Deposits of Non-U.S. Currencies
	  	59
	
	ARTICLE XIII
	
	IMMUNITY OF CERTAIN PERSONS
			
	 Section 13.01
	  	 No Personal Liability
	  	59
	
	ARTICLE XIV
	
	SUPPLEMENTAL INDENTURES
			
	 Section 14.01
	  	 Without Consent of Securityholders
	  	59
	 Section 14.02
	  	 With Consent of Securityholders; Limitations
	  	61
	 Section 14.03
	  	 Trustee Protected
	  	62
	 Section 14.04
	  	 Effect of Execution of Supplemental Indenture
	  	63
	 Section 14.05
	  	 Notation on or Exchange of Securities
	  	63
	 Section 14.06
	  	 Conformity with TIA
	  	63

  

 iv 

					
	
	ARTICLE XV
	
	SUBORDINATION OF SECURITIES
			
	 Section 15.01
	  	 Agreement to Subordinate
	  	63
	 Section 15.02
	  	 Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Securities
	  	64
	 Section 15.03
	  	 No Payment on Securities in Event of Default on Senior Indebtedness
	  	65
	 Section 15.04
	  	 Payments on Securities Permitted
	  	66
	 Section 15.05
	  	 Authorization of Securityholders to Trustee to Effect Subordination
	  	66
	 Section 15.06
	  	 Notices to Trustee
	  	66
	 Section 15.07
	  	 Trustee as Holder of Senior Indebtedness
	  	67
	 Section 15.08
	  	 Modifications of Terms of Senior Indebtedness
	  	67
	 Section 15.09
	  	 Reliance on Judicial Order or Certificate of Liquidating Agent
	  	67
	 Section 15.10
	  	 Satisfaction and Discharge; Defeasance and Covenant Defeasance
	  	67
	
	ARTICLE XVI
	
	MISCELLANEOUS PROVISIONS
			
	 Section 16.01
	  	 Certificates and Opinions as to Conditions Precedent
	  	68
	 Section 16.02
	  	 Trust Indenture Act Controls
	  	69
	 Section 16.03
	  	 What Constitutes Action by Board of Directors
	  	69
	 Section 16.04
	  	 Notices to the Company and Trustee
	  	69
	 Section 16.05
	  	 Notices to Securityholders; Waiver
	  	69
	 Section 16.06
	  	 Legal Holiday
	  	70
	 Section 16.07
	  	 Effects of Headings and Table of Contents
	  	70
	 Section 16.08
	  	 Successors and Assigns
	  	70
	 Section 16.09
	  	 Separability Clause
	  	70
	 Section 16.10
	  	 Benefits of Indenture
	  	70
	 Section 16.11
	  	 Counterparts Originals
	  	70
	 Section 16.12
	  	 Governing Law
	  	71

  

 v 

 INDENTURE dated as of January 16, 2007, among National Financial Partners Corp., a Delaware corporation,
and Wells Fargo Bank, National Association, a national banking association, as trustee. 
 WITNESSETH: 
 WHEREAS, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of unsecured debentures, notes, bonds
or other evidences of indebtedness (the “Securities”) in an unlimited aggregate principal amount to be issued from time to time in one or more series as provided in this Indenture; and 
 WHEREAS, all things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 That, in consideration of the premises and the purchase of the Securities by the holders thereof for the equal and proportionate benefit of all of the present and future holders of the Securities, each party agrees and covenants as follows:

 ARTICLE I 
 DEFINITIONS 
 Section 1.01 Definitions. 
 (a) Unless otherwise defined in this Indenture or the context otherwise requires, all terms used herein shall have the meanings assigned
to them in the Trust Indenture Act. 
 (b) Unless the context otherwise requires, the terms defined in this
Section 1.01(b) shall for all purposes of this Indenture have the meanings hereinafter set forth, the following definitions to be equally applicable to both the singular and the plural forms of any of the terms herein defined: 
 Affiliate: 
 The term “Affiliate,” with
respect to any specified Person shall mean any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used
with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling”
and “controlled” have meanings correlative to the foregoing. 

 Authenticating Agent: 
 The term “Authenticating Agent” shall have the meaning assigned to it in Section 11.09. 
 Board of
Directors: 
 The term “Board of Directors” shall mean either the board of directors of the Company or the executive or any
other committee of that board duly authorized to act in respect hereof. 
 Board Resolution: 
 The term “Board Resolution” shall mean a copy of a resolution or resolutions certified by the Secretary or an Assistant Secretary of the Company
to have been duly adopted by the Board of Directors (or by a committee of the Board of Directors to the extent that any such other committee has been authorized by the Board of Directors to establish or approve the matters contemplated) and to be in
full force and effect on the date of such certification and delivered to the Trustee. 
 Business Day: 
 The term “Business Day,” when used with respect to any Place of Payment or any other particular location referred to in this Indenture or in the
Securities, shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment or other location are authorized or obligated by law or executive order to close. 
 Code: 
 The term “Code” shall mean the
Internal Revenue Code of 1986 as in effect on the date hereof. 
 Company: 
 The term “Company” shall mean National Financial Partners Corp., a Delaware corporation, and shall also include its successors and assigns.

 Company Order; Company Request: 
 The
term “Company Order” or “Company Request” shall mean, respectively, a written order or request signed in the name of the Company by the Chairman, President, Executive Vice President, Senior Vice President, Treasurer, Assistant
Treasurer, Controller, Assistant Controller, Secretary or Assistant Secretary of the Company, and delivered to the Trustee. 
 Corporate Trust Office:

 The term “Corporate Trust Office,” or other similar term, shall mean the principal office of the Trustee at which at any
particular time its corporate trust business shall be administered, which office at the date hereof is located at Sixth Street and Marquette Avenue, MAC N9303-120, 

  

 2 

 
Minneapolis, Minnesota 55479, Attention: Corporate Trust Services, or such other address as the Trustee may designate from time to time by notice to the
holders and the Company, or the principal corporate trust officer of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the holders and the Company). 
 Currency: 
 The term “Currency” shall mean
U.S. Dollars or Foreign Currency. 
 Default: 
 The term “Default” shall have the meaning assigned to it in Section 11.03. 
 Defaulted Interest: 
 The term “Defaulted Interest” shall have the same meaning assigned to it in Section 3.08(b). 
 Depositary: 
 The term “Depositary” shall
mean, with respect to the Securities of any series issuable in whole or in part in the form of one or more Global Securities, the Person designated as Depositary by the Company pursuant to Section 3.01 until a successor Depositary shall have
become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person,
“Depositary” as used with respect to the Securities of any such series shall mean the Depositary with respect to the Securities of that series. 
 Designated Currency: 
 The term “Designated Currency” shall have the same meaning assigned to it in
Section 3.12. 
 Discharged: 
 The
term “Discharged” shall have the meaning assigned to it in Section 12.03. 
 Event of Default: 
 The term “Event of Default” shall have the meaning specified in Section 7.01. 
 Exchange Act: 
 The term “Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended. 
  

 3 

 Floating Rate Security: 
 The term “Floating Rate Security” shall mean a Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to
Section 3.01. 
 Foreign Currency: 
 The term “Foreign Currency” shall mean a currency issued by the government of any country other than the United States or a composite currency, the value of which is determined by reference to the values of the currencies of any
group of countries. 
 GAAP: 
 The term
“GAAP”, with respect to any computation required or permitted hereunder, shall mean generally accepted accounting principles in effect in the United States of America which are applicable at the date of such computation and which are
consistently applied for all applicable periods. 
 Global Security: 
 The term “Global Security” shall mean any Registered Security evidencing all or part of a series of Securities, issued in fully-registered certificated form to the Depositary for such series in accordance
with Section 3.03 and bearing the legend prescribed in Section 3.03(g). 
 Indebtedness: 
 The term “Indebtedness” shall mean any and all obligations of a Person for money borrowed which, in accordance with GAAP, would be reflected on
the balance sheet of such Person as a liability on the date as of which Indebtedness is to be determined. 
 Indenture: 
 The term “Indenture” or “this Indenture” shall mean this instrument and all indentures supplemental thereto. 
 Interest: 
 The term “interest” shall mean,
with respect to an Original Issue Discount Security that by its terms bears interest only after Maturity, interest payable after Maturity. 
 Interest
Payment Date: 
 The term “Interest Payment Date” shall mean, with respect to any Security, the Stated Maturity of an
installment of interest on such Security. 
  

 4 

 Mandatory Sinking Fund Payment: 
 The term “Mandatory Sinking Fund Payment” shall have the meaning assigned to it in Section 5.01. 
 Maturity: 
 The term “Maturity,” with respect to any Security, shall mean the date on which the principal of such
Security shall become due and payable as therein and herein provided, whether by declaration, call for redemption or otherwise. 
 Members:

 The term “Members” shall have the meaning assigned to it in Section 3.03(i). 
 Officers’ Certificate: 
 The term
“Officers’ Certificate” shall mean a certificate signed by the Chairman, the President or a Vice President, and by the Treasurer, an Assistant Treasurer, the Controller, the Secretary or an Assistant Secretary of the Company and
delivered to the Trustee. Each such certificate shall include the statements provided for in Section 16.01 if and to the extent required by the provisions of such Section. One of the officers giving an Officers’ Certificate pursuant to
Section 6.07 shall be the principal executive officer, principal financial officer or principal accounting officer of the Company. 
 Opinion of
Counsel: 
 The term “Opinion of Counsel” shall mean an opinion in writing signed by legal counsel, who may be an employee of or
of counsel to the Company, or may be other counsel satisfactory to the Trustee. Each such opinion shall include the statements provided for in Section 16.01 if and to the extent required by the provisions of such Section. 
 Optional Sinking Fund Payment: 
 The term
“Optional Sinking Fund Payment” shall have the meaning assigned to it in Section 5.01. 
 Original Issue Discount Security: 

The term “Original Issue Discount Security” shall mean any Security that is issued with “original issue discount” within the
meaning of Section 1273(a) of the Code and the regulations thereunder and any other Security designated by the Company as issued with original issue discount for United States federal income tax purposes. 
 Outstanding: 
 The term “Outstanding,” when
used with respect to Securities means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: 
 (i) Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
  

 5 

 (ii) Securities or portions thereof 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 or from its obligations with respect to which the Company shall have been Discharged; provided, however, that if such Securities or portions thereof are to be redeemed, notice of such redemption has been duly given pursuant to this
Indenture or provision therefor satisfactory to the Trustee has been made; and 
 (iii) Securities that have been paid
pursuant to Section 3.07 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; provided, however, that in determining whether the holders of the requisite principal amount of
Securities Outstanding have performed any action hereunder, Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in relying upon any such action, only Securities that a Responsible Officer of the Trustee knows to be so owned shall be so disregarded. Securities so owned that 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 to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities
or any Affiliate of the Company or of such other obligor. In determining whether the holders of the requisite principal amount of Outstanding Securities have performed any action hereunder, the principal amount of an Original Issue Discount Security
that shall be deemed to be Outstanding for such purpose shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to
Section 7.02 and the principal amount of a Security denominated in a Foreign Currency that shall be deemed to be Outstanding for such purpose shall be the amount calculated pursuant to Section 3.11(b). 
 Paying Agent: 
 The term “Paying Agent”
shall have the meaning assigned to it in Section 6.02(a). 
  

 6 

 Person: 
 The term “Person” shall mean an individual, a corporation, a limited liability company, a partnership, an association, a joint stock company, a trust, an unincorporated organization or a government or an agency or political
subdivision thereof. 
 Place of Payment: 
 The term “Place of Payment” shall mean, when used with respect to the Securities of any series, the place or places where the principal of and premium, if any, and interest on the Securities of that series are payable as specified
pursuant to Section 3.01. 
 Predecessor Security: 
 The term “Predecessor Security” shall mean, with respect to any Security, 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 3.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security. 
 Record Date: 
 The term “Record Date” shall
mean, with respect to any interest payable on any Registered Security on any Interest Payment Date, the close of business on the date specified in such Registered Security for the payment of interest pursuant to Section 3.01. 
 Redemption Date: 
 The term “Redemption
Date” shall mean, when used with respect to any Security to be redeemed, in whole or in part, the date fixed for such redemption by or pursuant to this Indenture and the terms of such Security, which, in the case of a Floating Rate Security,
unless otherwise specified pursuant to Section 3.01, shall be an Interest Payment Date only. 
 Redemption Price: 
 The term “Redemption Price” shall mean, in the case of an Original Issue Discount Security, the amount of the principal and interest that would
be due and payable as of the Redemption Date upon a declaration of acceleration of the Maturity thereof pursuant to Section 7.02 and, in the case of any other Security, the principal amount thereof, plus, in each case, premium, if any, and
accrued and unpaid interest, if any, to the Redemption Date. 
 Register: 
 The term “Register” shall have the meaning assigned to it in Section 3.05(a). 
 Registrar: 
 The term “Registrar” shall have
the meaning assigned to it in Section 3.05(a). 
  

 7 

 Registered Security: 
 The term “Registered Security” shall mean any Security registered as to principal and interest in the Register. 
 Responsible Officers: 
 The term “Responsible Officers” of the Trustee hereunder shall mean any vice president, any
assistant vice president, any assistant secretary, any assistant treasurer, any trust officer, any assistant trust officer or any other officer associated with the corporate trust department 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 such person’s knowledge of and familiarity with the
particular subject and, in the case of any such officer, who shall have direct responsibility for the administration of this Indenture. 
 SEC:

 The term “SEC” shall mean the U.S. Securities and Exchange Commission. 
 Securities Act: 
 The term “Securities Act”
shall mean the Securities Act of 1933, as amended. 
 Security: 
 The term “Security” or “Securities” shall have the meaning stated in the recitals and shall more particularly mean one or more of the Securities duly authenticated by the Trustee and delivered
pursuant to the provisions of this Indenture. 
 Security Custodian: 
 The term “Security Custodian” shall mean the custodian with respect to any Global Security appointed by the Depositary, or any successor Person thereto, and shall initially be the Paying Agent. 

Securityholder; holder of Securities; holder; registered holder: 
 The term “Securityholder” or “holder of Securities” or “holder” or “registered holder,” with respect to a Registered Security, shall mean the Person in whose name such
Securities shall be registered in the Register kept for that purpose hereunder. 
 Senior Indebtedness: 
 The term “Senior Indebtedness” means the principal of (and premium, if any) and unpaid interest on (x) Indebtedness of the Company, whether
outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed other than (a) any Indebtedness of the Company which when incurred and without respect to any election under 

  

 8 

 
Section 1111(b) of the Federal Bankruptcy Code, was without recourse to the Company, (b) any Indebtedness of the Company to any of its
Subsidiaries, (c) Indebtedness to any employee of the Company, (d) any liability for taxes and (e) Trade Payables, unless the instrument creating or evidencing the same or pursuant to which the same is outstanding provides that such
Indebtedness is not senior or prior in right of payment to the Securities, and (y) renewals, extensions, modifications and refundings of any such Indebtedness. This definition may be modified or superseded by a supplemental indenture.

 Special Record Date: 
 The term
“Special Record Date” shall have the meaning assigned to it in Section 3.08(b)(i). 
 Stated Maturity: 
 The term “Stated Maturity” when used with respect to any Security or any installment of interest thereon, shall mean the date specified in such
Security as the fixed date on which the principal (or any portion thereof) of or premium, if any, on such Security or such installment of interest is due and payable. 
 Subsidiary: 
 The term “Subsidiary,” when used with respect to any Person, shall mean any
corporation or other entity of which a majority of (a) the voting power of the voting equity securities or (b) in the case of a partnership or any other entity other than a corporation, the outstanding equity interests of which are owned,
directly or indirectly, by such Person. For the purposes of this definition, “voting equity securities” means equity securities having voting power for the election of directors, whether at all times or only so long as no senior class of
securities has such voting power by reason of any contingency. 
 Successor Company: 
 The term “Successor Company” shall have the meaning assigned to it in Section 3.06(i). 
 Trade Payables: 
 The term “Trade Payables”
means accounts payable or any other Indebtedness or monetary obligations to trade creditors created or assumed by the Company or any Subsidiary of the Company in the ordinary course of business in connection with the obtaining of materials or
services. 
 Trust Indenture Act; TIA: 
 The term “Trust Indenture Act” or “TIA” shall mean the Trust Indenture Act of 1939, as amended, except as otherwise provided in this Indenture. 
  

 9 

 Trustee: 
 The term “Trustee” shall mean Wells Fargo Bank, National Association, a national banking association, for the time being, and any permitted successor trustee, and if at any time there is more than one such trustee,
“Trustee” as used with respect to the Securities of any series shall mean the trustee with respect to Securities of that series. 
 U.S.
Dollars: 
 The term “U.S. Dollars” shall mean such currency of the United States of America as at the time of payment shall be
legal tender for the payment of public and private debts. 
 U.S. Government Obligations: 
 The term “U.S. Government Obligations” shall mean either (i) direct obligations of the United States of America or (ii) obligations 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 by the full faith and credit of the United States of America. 
 United States: 
 The term “United States”
shall mean the United States of America (including the States and the District of Columbia), its territories and its possessions and other areas subject to its jurisdiction. 
 United States Alien: 
 The term “United States Alien” shall mean any Person who, for United
States federal income tax purposes, is a foreign corporation, a nonresident alien individual, a nonresident alien fiduciary of a foreign estate or trust, or a foreign partnership, one or more members of which is, for United States federal income tax
purposes, a foreign corporation, a nonresident alien individual or a nonresident alien fiduciary of a foreign estate or trust. 
 Certain
other terms, relating principally to provisions included in this Indenture in compliance with the Trust Indenture Act, are defined in Article XI. 
 ARTICLE II 
 FORMS OF SECURITIES 
 Section 2.01 Terms of the Securities. 
 (a) The Securities of each series shall be
substantially in one of the forms established by or pursuant to a Board Resolution and set forth in an Officers’ Certificate or in one or more indentures supplemental hereto, and shall have 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 or designation and such legends or endorsements placed thereon as the Company may deem appropriate and as are
not 

  

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inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with
any rule or regulation of any securities exchange on which any series of the Securities may be listed or of any automated quotation system on which any such series may be quoted, or to conform to usage, all as determined by the officers executing
such Securities as conclusively evidenced by their execution of such Securities. If the form of a series of Securities is established in or pursuant to a Board Resolution, a copy of such Board Resolution shall be delivered to the Trustee at or prior
to the delivery of the Officers’ Certificate setting forth the form of such series. 
 (b) The terms and provisions of
the Securities shall constitute, and are hereby expressly made, a part of this Indenture, and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture expressly agree to such terms and provisions and
to be bound thereby. 
 Section 2.02 Form of Trustee’s Certificate of Authentication. 
 (a) Only such of the Securities as shall bear thereon a certificate substantially in the form of the Trustee’s certificate of
authentication hereinafter recited, executed by the Trustee by manual signature, shall be valid or become obligatory for any purpose or entitle the holder thereof to any right or benefit under this Indenture, and the certificate of authentication by
the Trustee upon any such Security executed on behalf of the Company as aforesaid shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the holder thereof is entitled to the
benefits of this Indenture. 
 (b) Each Security shall be dated the date of its authentication, except that any Global
Security shall be dated as of the date specified as contemplated in Section 3.01. 
 (c) The form of the Trustee’s
certificate of authentication to be borne by the Securities shall be substantially as follows: 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 This is one of the Securities issued referred to in the within-mentioned Indenture. 
  

			
	Wells Fargo Bank, National Association, as Trustee
		
	By:	 	  
		 	Authorized Signatory

 Section 2.03 Form of Trustee’s Certificate of Authentication by an Authenticating
Agent. If at any time there shall be an Authenticating Agent appointed with respect to any series 

  

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of Securities, then the Trustee’s Certificate of Authentication by such Authenticating Agent to be borne by Securities of each such series shall be
substantially as follows: 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities issued referred to in the within-mentioned Indenture. 
  

			
	Wells Fargo Bank, National Association, as Trustee
		
	By:	 	  
		 	Authorized Signatory
		
	By:	 	  
		 	Authorized Signatory

 ARTICLE III 
 THE DEBT SECURITIES 
 Section 3.01 Amount Unlimited; Issuable in
Series. The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more series. There shall be established by or pursuant to a Board Resolution
of the Company, and set forth in an Officers’ Certificate of the Company, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series: 
 (a) the title of the Securities of the series (which shall distinguish the Securities of such series from the Securities of all other
series, except to the extent that additional Securities of an existing series are being issued); 
 (b) any limit upon the
aggregate principal amount of the Securities of the series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon transfer of, or in exchange for, or in lieu of, other Securities of such
series pursuant to Section 3.04, 3.06, 3.07, 4.06, or 14.05); 
 (c) the dates on which or periods during which the
Securities of the series may be issued, and the dates on, or the range of dates within, which the principal of and premium, if any, on the Securities of such series are or may be payable; 
 (d) the rate or rates at which the Securities of the series shall bear interest, if any, or the method by which such rate or rates shall
be determined, the date or dates from which such interest shall accrue, or the method by which such date or dates shall be determined, the 

  

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Interest Payment Dates on which any such interest shall be payable, and, in the case of Registered Securities, the Record Dates for the determination of
holders to whom interest is payable on such Interest Payment Dates; 
 (e) if other than U.S. Dollars, the Currency in which
Securities of the series shall be denominated or in which payment of the principal of, premium, if any, or interest on the Securities of the series shall be payable and any other terms concerning such payment; 
 (f) if the amount of payment of principal of, premium, if any, or interest on the Securities of the series may be determined with
reference to an index, formula or other method including, but not limited to, an index based on a Currency or Currencies other than that in which the Securities are stated to be payable, the manner in which such amounts shall be determined;

 (g) if the principal of, premium, if any, or interest on Securities of the series are to be payable, at the election of the
Company or a holder thereof, in a Currency other than that in which the Securities are denominated or stated to be payable without such election, the period or periods within which, and the terms and conditions upon which such election may be made
and the time and the manner of determining the exchange rate between the Currency in which the Securities are denominated or payable without such election and the Currency in which the Securities are to be paid if such election is made; 

(h) the place or places, if any, in addition to or instead of the Corporate Trust Office of the Trustee where the principal of,
premium, if any, and interest on Securities of the series shall be payable, and where Securities of any series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, if a different location; 
 (i) the price or prices at which, the period or periods within which or the date or dates on which, and the terms and conditions upon
which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that option; 
 (j) the obligation, if any, of the Company to redeem, purchase or repay Securities of the series pursuant to any sinking fund or analogous provisions or at the option of a holder thereof and the price or prices at
which, the period or periods within which or the date or dates on which, and the terms and conditions upon which Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation; 
 (k) if other than denominations of $1,000 or any integral multiple thereof, the denominations in which Securities of the series shall be
issuable; 
 (l) if other than the principal amount thereof, the portion of the principal amount of the Securities of the
series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 7.02; 
 (m)
whether the Securities of the series are to be issued as Original Issue Discount Securities and the amount of discount with which such Securities may be issued; 
  

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 (n) provisions, if any, for the defeasance of Securities of the series; 
 (o) whether the Securities of the series are to be issued in whole or in part in the form of one or more Global Securities and, in such
case, the Depositary for such Global Security or Securities and the terms and conditions, if any, upon which interests in such Global Security or Securities may be exchanged in whole or in part for the individual Securities represented thereby;

 (p) the date as of which any Global Security of the series shall be dated if other than the original issuance of the first
Security of the series to be issued; 
 (q) the form of the Securities of the series; 
 (r) if the Securities of the series are to be convertible into or exchangeable for any securities of any Person (including the Company),
the terms and conditions upon which such Securities will be so convertible or exchangeable; 
 (s) whether the Securities of
such series are subject to subordination and the terms of such subordination; and 
 (t) any other terms of the Securities of
the series, including Events of Default and/or additional covenants of the Company. 
 Terms of any series of Securities established pursuant to this
Section 3.01 shall not be inconsistent with the requirements of the Trust Indenture Act or the provisions of this Indenture. All Securities of any one series shall be substantially identical, except as to denomination and except as may
otherwise be provided by or pursuant to such Board Resolution, and set forth in such Officers’ Certificate, or in any such indenture supplemental hereto. If any of the terms of a series of Securities are established by action taken to a Board
Resolution, a copy of such Board Resolution shall be delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of such series. 
 Section 3.02 Denominations. In the absence of any specification pursuant to Section 3.01 with respect to Securities of any series, the
Securities of such series shall be issuable only as Registered Securities in denominations of any integral multiple of $1,000, and shall be payable only in U.S. Dollars. 
 Section 3.03 Execution, Authentication, Delivery and Dating. 
 (a) The Securities
shall be executed in the name and on behalf of the Company by the manual or facsimile signature of its Chairman of the Board of Directors, its President or one of its Vice Presidents which shall be attested by the manual or facsimile signature of
its Secretary or one of its Assistant Secretaries. If the Person whose signature is on a Security no longer holds that office at the time the Security is authenticated and delivered, the Security shall nevertheless be valid. 
 (b) At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series
executed by the Company to 

  

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the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities. The Trustee shall thereupon
authenticate and deliver such Securities without any further action by the Company. The Company Order shall specify the amount of the Securities to be authenticated and the date on which the original issue of Securities is to be authenticated.

 (c) In authenticating the first Securities of any series and accepting the additional responsibilities under this Indenture
in relation to such Securities the Trustee shall receive, and (subject to Section 11.02) shall be fully protected in relying upon: 
 (i) the supplemental indenture or Board Resolution relating thereto and, if applicable, an appropriate record of any action taken pursuant to such supplemental indenture or resolution, certified by the Secretary or an
Assistant Secretary of the Company; 
 (ii) an Officers’ Certificate of the Company as to the absence of any event that
is, or after notice or lapse of time or both would become, an Event of Default; and 
 (iii) an Opinion of Counsel prepared in
accordance with Section 16.01, which shall state: 
 (A) that the form and terms of such Securities have been
established by or pursuant to one or more Board Resolutions, by a supplemental indenture as permitted by Sections 14.01 or 14.02, or by both such resolution or resolutions and such supplemental indenture, in conformity with the provisions of this
Indenture; 
 (B) that such Securities, when authenticated and delivered by the Trustee and issued by the Company in the
manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance with their terms, and will be entitled to the benefits of this Indenture;

 (C) that the Company has the corporate power to issue the Securities, and has duly taken all necessary action with respect
to such issuance; 
 (D) that all requirements of the Indenture applicable to the Company in respect of the execution and
delivery by the Company of the Securities and of such supplemental indenture, if any, have been complied with and, that assuming (a) all requisite corporate authorization on the part of the Trustee, (b) continued compliance by the Trustee
with the terms of the Indenture specifically applicable to the Trustee, and (c) due authentication and delivery of the Securities by the Trustee, the 

  

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execution and delivery of such supplemental indenture, if any, will not violate the terms of this Indenture. 
 (d) The Trustee shall have the right to decline to authenticate and deliver the Securities under this Section if the issue of the
Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 (e) Each Security shall be dated the date of its authentication, except as otherwise provided pursuant to Section 3.01 with respect
to the Securities of such series. 
 (f) Notwithstanding the provisions of Section 3.01 and of this Section 3.03, if
all of the Securities of any series are not to be originally issued at the same time, then the documents required to be delivered pursuant to this Section 3.03 must be delivered only once prior to the authentication and delivery of the first
Security of such series; provided, however, that any subsequent request by the Company to the Trustee to authenticate Securities of such series upon original issuance shall constitute a representation and warranty by the Company that, as of the date
of such request, the statements made in any Officers’ Certificate delivered pursuant to this Section 3.03 shall be true and correct as if made on such date. 
 (g) If the Company shall establish pursuant to Section 3.01 that the Securities of a series are to be issued in whole or in part in
the form of one or more Global Securities, then the Company shall execute and the Trustee shall authenticate and deliver one or more Global Securities that (i) shall represent an aggregate amount equal to the aggregate principal amount of the
Outstanding Securities of such series to be represented by such Global Securities, (ii) shall be registered, if in registered form, in the name of the Depositary for such Global Security or Securities or the nominee of such Depositary,
(iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instruction and (iv) shall bear a legend substantially to the following effect: 
 “Unless and until it is exchanged in whole or in part for the individual Securities represented hereby, this Global Security may not be transferred
except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such
successor Depositary.” 
 The aggregate principal amount of each Global Security may from time to time be increased or decreased by
adjustments made on the records of the Security Custodian, as provided in this Indenture. 
 (h) Each Depositary designated
pursuant to Section 3.01 for a Global Security in registered form must, at the time of its designation and at all times while it serves as such Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute
or regulation. 
 (i) Members of, or participants in, the Depositary (“Members”) shall have no rights under this
Indenture with respect to any Global Security held on their behalf by the Depositary or by the Security Custodian under such Global Security, and the Depositary may be 

  

 16 

 
treated by the Company, the Trustee, the Paying Agent and the Registrar and any of their agents as the absolute owner of such Global Security for all
purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee, the Paying Agent or the Registrar or any of their agents from giving effect to any written certification, proxy or other authorization
furnished by the Depositary or impair, as between the Depositary and its Members, the operation of customary practices of the Depositary governing the exercise of the rights of an owner of a beneficial interest in any Global Security. The registered
holder of a Global Security may grant proxies and otherwise authorize any Person, including Members and Persons that may hold interests through Members, to take any action that a holder is entitled to take under this Indenture or the Securities.

 (j) No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless
there appears on such Security a certificate of authentication substantially in one of the forms provided for herein duly executed by the Trustee or by an Authenticating Agent by manual signature of one of its Responsible Officers, and such
certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. 
 Section 3.04 Temporary Securities. 
 (a) Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities that are printed, lithographed,
typewritten, mimeographed or otherwise reproduced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions,
substitutions and other variations as the officers executing such Securities may determine, as conclusively evidenced by their execution of such Securities. Any such temporary Security may be in global form, representing all or a portion of the
Outstanding Securities of such series. Every such temporary Security shall be executed by the Company and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as
the definitive Security or Securities in lieu of which it is issued. 
 (b) If temporary Securities of any series are issued,
the Company will cause definitive Securities of such 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 such temporary Securities at the office or agency of the Company in a Place of Payment for such series, without charge to the holder. Upon surrender for cancellation of any one or more temporary Securities
of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of the same series of authorized denominations and of like tenor. 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. 
  

 17 

 (c) Upon any exchange of a portion of a temporary Global Security for a definitive Global
Security or for the individual Securities represented thereby pursuant to this Section 3.04 or Section 3.06, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the principal amount evidenced thereby,
whereupon the principal amount of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed. 
 Section 3.05 Registrar and Paying Agent. 
 (a) The Company will keep, at an office or agency to be maintained
by it in a Place of Payment where Registered Securities may be presented for registration or presented and surrendered for registration of transfer or of exchange, and where Securities of any series that are convertible or exchangeable may be
surrendered for conversion or exchange, as applicable (the “Registrar”), a security register for the registration and the registration of transfer or of exchange of the Registered Securities (the registers maintained in such office and in
any other office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the “Register”), as in this Indenture provided, which Register shall at all reasonable times be open for inspection by the
Trustee. Such Register shall be in written form or in any other form capable of being converted into written form within a reasonable time. The Company may have one or more co-Registrars; the term “Registrar” includes any co-registrar.

 (b) The Company shall enter into an appropriate agency agreement with any Registrar or co-Registrar not a party to this
Indenture. The agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee of the name and address of each such agent. If the Company fails to maintain a Registrar, the Trustee shall act
as such and shall be entitled to appropriate compensation therefor pursuant to Section 11.01. The Company or any Affiliate thereof may act as Registrar, co-Registrar or transfer agent. 
 (c) The Company hereby appoints the Trustee at its Corporate Trust Office as Registrar in connection with the Securities and this
Indenture, until such time as another Person is appointed as such. 
 Section 3.06 Transfer and Exchange. 
 (a) Transfer. 
 (i) Upon surrender for registration of transfer of any Registered Security of any series at the Registrar the Company shall execute, and the Trustee or any Authenticating Agent shall authenticate and deliver, in the name of the designated
transferee, one or more new Registered Securities of the same series for like aggregate principal amount of any authorized denomination or denominations. The transfer of any Security shall not be valid as against the Company or the Trustee unless
registered at the Registrar by the registered holder, or by his, her or its attorney duly authorized in writing. 
  

 18 

 (ii) Notwithstanding any other provision of this Section, unless and until it is
exchanged in whole or in part for the individual Securities represented thereby, a Global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such series to a nominee of
such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary. 
 (b) Exchange. 
 (i) At the option of the holder, Registered Securities of any series (other than a Global Security, except as set forth below) may be exchanged for other Registered Securities of the same series for like aggregate principal amount of any
authorized denomination or denominations, upon surrender of the Registered Securities to be exchanged at the Registrar. 
 (ii) Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities that the holder making the exchange is entitled to receive. 
 (c) Exchange of Global Securities for Individual Securities. Except as provided below, owners of beneficial interests in Global Securities
will not be entitled to receive individual Securities. 
 (i) Individual Securities shall be issued to all owners of
beneficial interests in a Global Security in exchange for such interests if: (A) at any time the Depositary for the Securities of a series notifies the Company that it is unwilling or unable to continue as Depositary for the Securities of such
series or if at any time the Depositary for the Securities of such series shall no longer be eligible under Section 3.03(h) and, in each case, a successor Depositary is not appointed by the Company within 90 days of such notice, or (B) the
Company executes and delivers to the Trustee and the Registrar an Officers’ Certificate stating that such Global Security shall be so exchangeable. 
 In connection with the exchange of an entire Global Security for individual Securities pursuant to this subsection (c), such Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the
Company shall execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of individual Securities of such series, will authenticate and deliver to each beneficial owner identified by the Depositary in exchange for
its beneficial interest in such Global Security, an equal aggregate principal amount of individual Securities of authorized denominations. 
 (ii) The owner of a beneficial interest in a Global Security will be entitled to receive an individual Security in exchange for such interest if an Event of Default has occurred and is continuing. Upon receipt by the
Security 

  

 19 

 
Custodian and Registrar of instructions from the holder of a Global Security directing the Security Custodian and Registrar to (x) issue one or more
individual Securities in the amounts specified to the owner of a beneficial interest in such Global Security and (y) debit or cause to be debited an equivalent amount of beneficial interest in such Global Security, subject to the rules and
regulations of the Depositary: 
 (A) the Security Custodian and Registrar shall notify the Company and the Trustee of such
instructions, identifying the owner and amount of such beneficial interest in such Global Security; 
 (B) the Company shall
promptly execute and the Trustee, upon receipt of a Company Order for the authentication and delivery of individual Securities of such series, shall authenticate and deliver to such beneficial owner individual Securities in an equivalent amount to
such beneficial interest in such Global Security; and 
 (C) the Security Custodian and Registrar shall decrease such Global
Security by such amount in accordance with the foregoing. In the event that the individual Securities are not issued to each such beneficial owner promptly after the Registrar has received a request from the holder of a Global Security to issue such
individual Securities, the Company expressly acknowledges, with respect to the right of any holder to pursue a remedy pursuant to Section 7.07 hereof, the right of any beneficial holder of Securities to pursue such remedy with respect to the
portion of the Global Security that represents such beneficial holder’s Securities as if such individual Securities had been issued. 
 (iii) If specified by the Company pursuant to Section 3.01 with respect to a series of Securities, the Depositary for such series of Securities may surrender a Global Security for such series of Securities in
exchange in whole or in part for individual Securities of such series on such terms as are acceptable to the Company and such Depositary. Thereupon, the Company shall execute, and the Trustee shall authenticate and deliver, without service charge,

 (A) to each Person specified by such Depositary a new individual Security or Securities of the same series, of any
authorized denomination as requested by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global Security; and 
 (B) to such Depositary a new Global Security in a denomination equal to the difference, if any, between the principal amount of the
surrendered Global Security and the 

  

 20 

 
aggregate principal amount of individual Securities delivered to holders thereof. 
 (iv) In any exchange provided for in clauses (i) through (iii), the Company will execute and the Trustee will authenticate and
deliver individual Securities in registered form in authorized denominations. 
 (v) Upon the exchange in full of a Global
Security for individual Securities, such Global Security shall be canceled by the Trustee. Individual Registered Securities issued in exchange for a Global Security pursuant to this Section shall be registered in such names and in such authorized
denominations as the Depositary for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Registered Securities to the Persons in whose names
such Registered Securities are so registered. 
 (d) All Securities issued upon any registration of transfer or exchange of
Securities shall be valid obligations of the Company evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered for such registration of transfer or exchange. 
 (e) Every Registered Security presented or surrendered for registration of transfer, or for exchange or payment shall (if so required by
the Company, the Trustee or the Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company, the Trustee and the Registrar, duly executed by the holder thereof or by his, her
or its attorney duly authorized in writing. 
 (f) No service charge will be made for any registration of transfer or exchange
of Securities. The Company may require payment of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than those expressly
provided in this Indenture to be made at the Company’s own expense or without expense or charge to the holders. 
 (g)
The Company shall not be required to (i) register, transfer or exchange Securities of any series during a period beginning at the opening of business 15 days before the day of the transmission of a notice of redemption of Securities of such
series selected for redemption under Section 4.03 and ending at the close of business on the day of such transmission, or (ii) register, transfer or exchange any Security so selected for redemption in whole or in part, except the
unredeemed portion of any Security being redeemed in part. 
 (h) Prior to the due presentation for registration of transfer
or exchange of any Security, the Company, the Trustee, the Paying Agent, the Registrar or any co-Registrar may deem and treat the Person in whose name a Security is registered as the absolute owner of such Security (whether or not such Security
shall be overdue and notwithstanding any notation of ownership or other writing thereon) for all purposes whatsoever, and none of the Company, the Trustee, the Paying Agent, the Registrar or any co-Registrar shall be affected by any notice to the
contrary. 
  

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 (i) In case a successor Company (“Successor Company”) has executed an indenture
supplemental hereto with the Trustee pursuant to Article XIV, any of the Securities authenticated or delivered pursuant to such transaction may, from time to time, at the request of the Successor Company, be exchanged for other Securities executed
in the name of the Successor Company with such changes in phraseology and form as may be appropriate, but otherwise identical to the Securities surrendered for such exchange and of like principal amount; and the Trustee, upon Company Order of the
Successor Company, shall authenticate and deliver Securities as specified in such order for the purpose of such exchange. If Securities shall at any time be authenticated and delivered in any new name of a Successor Company pursuant to this
Section 3.06 in exchange or substitution for or upon registration of transfer of any Securities, such Successor Company, at the option of the holders but without expense to them, shall provide for the exchange of all Securities at the time
Outstanding for Securities authenticated and delivered in such new name. 
 (j) Each holder of a Security agrees to indemnify
the Company and the Trustee against any liability that may result from the transfer, exchange or assignment of such holder’s Security in violation of any provision of this Indenture and/or applicable United States federal or state securities
laws. 
 (k) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any
restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security other than to require delivery of such certificates and other documentation or evidence as are expressly
required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 
 (l) Neither the Trustee nor any agent of the Trustee shall have any responsibility for any actions taken or not taken by the Depositary.

 Section 3.07 Mutilated, Destroyed, Lost and Stolen Securities. 
 (a) If (i) any mutilated Security is surrendered to the Trustee at its Corporate Trust Office or (ii) the Company and the
Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security, and there is delivered to the Company and the Trustee security or indemnity satisfactory to them to save each of them and any Paying Agent harmless,
and neither the Company nor the Trustee receives notice that such Security has been acquired by a protected purchaser, then the Company shall execute and upon Company Request the Trustee shall authenticate and deliver, in exchange for or in lieu of
any such mutilated, destroyed, lost or stolen Security, a new Security of the same series and of like tenor, form, terms and principal amount, bearing a number not contemporaneously Outstanding, that neither gain nor loss in interest shall result
from such exchange or substitution. 
 (b) In case any such mutilated, destroyed, lost or stolen Security has become or is
about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay the amount due on such Security in accordance with its terms. 
  

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 (c) 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 respect thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 
 (d) Every new Security of any series issued pursuant to this Section shall constitute an original additional contractual obligation of the
Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that series duly
issued hereunder. 
 (e) The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other
rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 3.08 Payment
of Interest; Interest Rights Preserved. 
 (a) Interest on any Registered Security that is payable and is punctually paid
or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Registered Security (or one or more Predecessor Securities) is registered at the close of business on the Record Date for such interest notwithstanding
the cancellation of such Registered Security upon any transfer or exchange subsequent to the Record Date. Payment of interest on Registered Securities shall be made at the Corporate Trust Office (except as otherwise specified pursuant to
Section 3.01) or, at the option of the Company, by check mailed to the address of the Person entitled thereto as such address shall appear in the Register or, if provided pursuant to Section 3.01 and in accordance with arrangements
satisfactory to the Trustee, at the option of the Registered Holder by wire transfer to an account designated by the Registered Holder. 
 (b) Any interest on any Security that is payable but is not punctually paid or duly provided for on any Interest Payment Date (herein called “Defaulted Interest”) shall, if such Security is a Registered
Security, forthwith cease to be payable to the Registered Holder on the relevant Record Date by virtue of his, her or its having been such a Registered Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as
provided in clause (i) or (ii) below: 
 (i) The Company may elect to make payment of any Defaulted Interest to the
Persons in whose names such Registered 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 (a “Special Record Date”), 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 such Registered Security 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 

  

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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 calendar days and not less than 10 calendar days prior to the date of the proposed payment and not less than 10 calendar days after the receipt by the Trustee of the notice of the
proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor to be mailed, first-class postage prepaid, to the holders of such Registered Securities at their addresses as they appear in the Register, not less than 10 calendar days prior to such Special Record Date. Notice of the proposed payment of
such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Registered 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 (ii). 
 (ii) The Company may make payment of any Defaulted Interest on Registered Securities in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Registered Securities may be listed, and upon
such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 
 (c) Subject to the provisions set forth herein relating to Record Dates, each Security delivered pursuant to any provision of this
Indenture in exchange or substitution for, or upon registration of transfer of, any other Security shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 
 Section 3.09 Cancellation. Unless otherwise specified pursuant to Section 3.01 for Securities of any series, all Securities surrendered for
payment, redemption, registration of transfer or exchange or credit against any sinking fund or otherwise shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for cancellation and shall be promptly canceled by it
and, if surrendered to the Trustee, shall be promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder that the Company may have acquired in any
manner whatsoever, and all Securities so delivered shall be promptly canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except as expressly permitted by
this Indenture. The Trustee shall dispose of all canceled Securities held by it in accordance with its then customary procedures and deliver a certificate of such disposal to the Company. The acquisition of any Securities by the Company shall not
operate as a redemption or satisfaction of the Indebtedness represented thereby unless and until such Securities are surrendered to the Trustee for cancellation. 
 Section 3.10 Computation of Interest. Except as otherwise specified pursuant to Section 3.01 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. 
  

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 Section 3.11 Currency of Payments in Respect of Securities. 
 (a) Except as otherwise specified pursuant to Section 3.01 for Registered Securities of any series, payment of the principal of and
premium, if any, and interest on Registered Securities of such series will be made in U.S. Dollars. 
 (b) For purposes of any
provision of the Indenture where the holders of Outstanding Securities may perform an action that requires that a specified percentage of the Outstanding Securities of all series perform such action and for purposes of any decision or determination
by the Trustee of amounts due and unpaid for the principal of and premium, if any, and interest on the Securities of all series in respect of which moneys are to be disbursed ratably, the principal of and premium, if any, and interest on the
Outstanding Securities denominated in a Foreign Currency will be the amount in U.S. Dollars based upon exchange rates, determined as specified pursuant to Section 3.01 for Securities of such series, as of the date for determining whether the
holders entitled to perform such action have performed it or as of the date of such decision or determination by the Trustee, as the case may be. 
 (c) Any decision or determination to be made regarding exchange rates shall be made by an agent appointed by the Company; provided, that such agent shall accept such appointment in writing and the terms of such
appointment shall, in the opinion of the Company at the time of such appointment, require such agent to make such determination by a method consistent with the method provided pursuant to Section 3.01 for the making of such decision or
determination. All decisions and determinations of such agent regarding exchange rates shall be in its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee
and all holders of the Securities. 
 Section 3.12 Judgments. The Company may provide pursuant to Section 3.01 for Securities of
any series that (a) the obligation, if any, of the Company to pay the principal of, premium, if any, and interest on the Securities of any series in a Foreign Currency or U.S. Dollars (the “Designated Currency”) as may be specified
pursuant to Section 3.01 is of the essence and agrees that, to the fullest extent possible under applicable law, judgments in respect of such Securities shall be given in the Designated Currency; (b) the obligation of the Company to make
payments in the Designated Currency of the principal of and premium, if any, and interest on such Securities shall, notwithstanding any payment in any other Currency (whether pursuant to a judgment or otherwise), be discharged only to the extent of
the amount in the Designated Currency that the holder receiving such payment may, in accordance with normal banking procedures, purchase with the sum paid in such other Currency (after any premium and cost of exchange) on the business day in the
country of issue of the Designated Currency or in the international banking community (in the case of a composite currency) immediately following the day on which such holder receives such payment; (c) if the amount in the Designated Currency
that may be so purchased for any reason falls short of the amount originally due, the Company shall pay such additional amounts as may be necessary to compensate for such shortfall; and (d) any obligation of the Company not discharged by such
payment shall be due as a separate and independent obligation and, until discharged as provided herein, shall continue in full force and effect. 
  

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 Section 3.13 CUSIP Numbers. The Company in issuing any Securities may use CUSIP numbers, if then
generally in use, and thereafter with respect to such series, the Trustee may use such numbers in any notice of redemption or exchange with respect to such series 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 will promptly notify the Trustee in writing of any change in the CUSIP numbers. 
 ARTICLE IV 
 REDEMPTION OF SECURITIES 
 Section 4.01 Applicability of Right of Redemption. Redemption of Securities (other than pursuant to a sinking fund or analogous provision)
permitted by the terms of any series of Securities shall be made in accordance with such terms (except as otherwise specified pursuant to Section 3.01 for Securities of any series) in accordance with this Article; provided, however, that if any
such terms of a series of Securities shall conflict with any provision of this Article, the terms of such series shall govern. 
 Section
4.02 Selection of Securities to be Redeemed. 
 (a) If the Company shall at any time elect to redeem all or any portion
of the Securities of a series then Outstanding, it shall at least 45 days prior to the Redemption Date fixed by the Company (unless a shorter period shall be satisfactory to the Trustee) notify the Trustee of such Redemption Date and of the
principal amount of Securities to be redeemed, and thereupon the Trustee shall select, in such manner as the Trustee shall deem appropriate and fair, the Securities (or portions thereof) of such series to be redeemed. Unless otherwise provided in
the Officers’ Certificate or supplemental indenture provided for in Section 3.01, no Security of a denomination of $1,000 shall be redeemed in part and Securities may be redeemed in part only in integral multiples of $1,000. In any case
where more than one Registered Security of such series is registered in the same name, the Trustee in its discretion may treat the aggregate principal amount so registered as if it were represented by one Registered Security of such series. The
Trustee shall, as soon as practicable, notify the Company in writing of the Securities and portions of Securities so selected. 
 (b) For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the
principal amount of such Security that has been or is to be redeemed. 
 Section 4.03 Notice of Redemption. 
 (a) The election of the Company to redeem any Securities of any series shall be evidenced by a Board Resolution. Notice of redemption
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, not less than 30 nor more than 60 days prior to the Redemption Date, to the holders of Securities of 

  

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any series to be redeemed in whole or in part pursuant to this Article, in the manner provided in Section 16.06. Any notice so given shall be
conclusively presumed to have been duly given, whether or not the holder receives such notice. Failure to give such notice, or any defect in such notice to the holder of any Security of a series designated for redemption, in whole or in part, shall
not affect the sufficiency of any notice of redemption with respect to the holder of any other Security of such series. 
 (b)
All notices of redemption shall identify the Securities to be redeemed (including CUSIP numbers) and shall state: 
 (i) such
election by the Company to redeem Securities of such series pursuant to provisions contained in this Indenture or the terms of the Securities of such series or a supplemental indenture establishing such series, if such be the case; 
 (ii) the Redemption Date; 
 (iii) the Redemption Price; 
 (iv) if less than all Outstanding Securities of any series are
to be redeemed, the identification (and, in the case of partial redemption, the principal amounts) of the particular Securities to be redeemed; 
 (v) that on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed, and that interest thereon, if any, shall cease to accrue on and after said date; 
 (vi) the Place or Places of Payment where such Securities are to be surrendered for payment of the Redemption Price, and that the
Securities designated in such notice for redemption are required to be presented on or after such Redemption Date at the designated Place of Payment; 
 (vii) that the redemption is for a sinking fund, if such is the case; and 
 (viii) if any
Security of any series is to be redeemed in part, that on and after the Redemption Date, upon surrender of such Security, such Security will be canceled and a new Security or Securities of such series in aggregate principal amount equal to the
unredeemed portion thereof will be issued and delivered without charge to the holder or, in the case of Securities providing appropriate space for such notation, at the option of the holders, the Trustee, in lieu of delivering a new Security or
Securities as aforesaid, may make a notation on such Security of the payment of the redeemed portion thereof. 
 Section 4.04 Deposit of
Redemption Price. On or prior to 10:00 a.m., New York City time, on the Redemption Date for any Registered Securities, 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 6.03) an amount of money in the Currency in which such 

  

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Securities are denominated (except as provided pursuant to Section 3.01) sufficient to pay the Redemption Price of such Securities or any portions
thereof that are to be redeemed on that date. 
 Section 4.05 Securities Payable on Redemption Date. Notice of redemption having been
given as aforesaid, any Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price and from and after such date (unless the Company shall Default in the payment of the Redemption Price) 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; provided, however, that installments of interest that have a Stated
Maturity on or prior to the Redemption Date for such Securities shall be payable according to the terms of such Securities and the provisions of Section 3.08. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and premium, if any, shall, until paid, bear interest from the Redemption Date at the rate prescribed
therefor in the Security. 
 Section 4.06 Securities Redeemed in Part. Any Security that is to be redeemed only in part shall be
surrendered at the Corporate Trust Office or such other office or agency of the Company as is specified pursuant to Section 3.01 with, if the Company, the Registrar or the Trustee so requires, due endorsement by, or a written instrument of
transfer in form satisfactory to the Company, the Registrar and the Trustee duly executed by the holder thereof or his, her or its attorney duly authorized in writing, and the Company shall execute, and the Trustee shall authenticate and deliver to
the holder of such Security without service charge, a new Security or Securities of the same series, of like tenor and form, 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; except that if a Global Security is so surrendered, the Company shall execute, and the Trustee shall authenticate and deliver to the Depositary for such Global Security, without
service charge, a new Global Security in a denomination equal to and in exchange for the unredeemed portion of the principal of the Global Security so surrendered. In the case of a Security providing appropriate space for such notation, at the
option of the holder thereof, the Trustee, in lieu of delivering a new Security or Securities as aforesaid, may make a notation on such Security of the payment of the redeemed portion thereof. 
 ARTICLE V 
 SINKING FUNDS 
 Section 5.01 Applicability of Sinking Fund. 
 (a) Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities shall be made in accordance with such terms of such
series of Securities and this Article, except as otherwise specified pursuant to Section 3.01 for Securities of such series, provided, however, that if any such terms of a series of Securities shall conflict with any provision of this Article,
the terms of such series shall govern. 
  

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 (b) The minimum amount of any sinking fund payment provided for by the terms of
Securities of any series is herein referred to as a “Mandatory Sinking Fund Payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “Optional Sinking
Fund Payment.” If provided for by the terms of Securities of any series, the cash amount of any Mandatory Sinking Fund Payment may be subject to reduction as provided in Section 5.02. 
 Section 5.02 Mandatory Sinking Fund Obligation. The Company may, at its option, satisfy any Mandatory Sinking Fund Payment obligation, in whole or
in part, with respect to a particular series of Securities by (1) delivering to the Trustee Securities of such series in transferable form theretofore purchased or otherwise acquired by the Company or redeemed at the election of the Company
pursuant to Section 4.03 or (2) receiving credit for Securities of such series (not previously so credited) acquired by the Company and theretofore delivered to the Trustee. The Trustee shall credit such Mandatory Sinking Fund Payment
obligation with an amount equal to the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such Mandatory Sinking Fund Payment shall be reduced accordingly. If the Company shall elect
to so satisfy any Mandatory Sinking Fund Payment obligation, it shall deliver to the Trustee not less than 45 days prior to the relevant sinking fund payment date a written notice signed on behalf of the Company by its Chairman of the Board of
Directors, its President, one of its Vice Presidents, its Treasurer or one of its Assistant Treasurers, which shall designate the Securities (and portions thereof, if any) so delivered or credited and which shall be accompanied by such Securities
(to the extent not theretofore delivered) in transferable form. In case of the failure of the Company, at or before the time so required, to give such notice and deliver such Securities the Mandatory Sinking Fund Payment obligation shall be paid
entirely in moneys. 
 Section 5.03 Optional Redemption at Sinking Fund Redemption Price. In addition to the sinking fund requirements
of Section 5.02, to the extent, if any, provided for by the terms of a particular series of Securities, the Company may, at its option, make an Optional Sinking Fund Payment with respect to such Securities. Unless otherwise provided by such
terms, (a) to the extent that the right of the Company to make such Optional Sinking Fund Payment shall not be exercised in any year, it shall not be cumulative or carried forward to any subsequent year, and (b) such optional payment shall
operate to reduce the amount of any Mandatory Sinking Fund Payment obligation as to Securities of the same series. If the Company intends to exercise its right to make such optional payment in any year it shall deliver to the Trustee not less than
45 days prior to the relevant sinking fund payment date a certificate signed by its Chairman of the Board of Directors, its President, one of its Vice Presidents, its Treasurer or one of its Assistant Treasurers stating that the Company will
exercise such optional right, and specifying the amount which the Company will pay on or before the next succeeding sinking fund payment date. Such certificate shall also state that no Event of Default has occurred and is continuing. 
 Section 5.04 Application of Sinking Fund Payment. 
 (a) If the sinking fund payment or payments made in funds pursuant to either Section 5.02 or 5.03 with respect to a particular series of Securities plus any unused balance of any preceding sinking fund payments
made in funds with respect to such series shall exceed $50,000 (or a lesser sum if the Company shall so request, or such equivalent sum for 

  

 29 

 
Securities denominated other than in U.S. Dollars), it shall be applied by the Trustee on the sinking fund payment date next following the date of such
payment, unless the date of such payment shall be a sinking fund payment date, in which case such payment shall be applied on such sinking fund payment date, to the redemption of Securities of such series at the redemption price specified in
Section 4.03(b). The Trustee shall select, in the manner provided in Section 4.02, for redemption on such sinking fund payment date, a sufficient principal amount of Securities of such series to absorb said funds, as nearly as may be, and
shall, at the expense and in the name of the Company, thereupon cause notice of redemption of the Securities to be given in substantially the manner provided in Section 4.03(a) for the redemption of Securities in part at the option of the
Company, except that the notice of redemption shall also state that the Securities are being redeemed for the sinking fund. Any sinking fund moneys not so applied by the Trustee to the redemption of Securities of such series shall be added to the
next sinking fund payment received in funds by the Trustee and, together with such payment, shall be applied in accordance with the provisions of this Section 5.04. Any and all sinking fund moneys held by the Trustee on the last sinking fund
payment date with respect to Securities of such series, and not held for the payment or redemption of particular Securities of such series, shall be applied by the Trustee to the payment of the principal of the Securities of such series at maturity.

 (b) On or prior to each sinking fund payment date, the Company shall pay to the Trustee a sum equal to all interest accrued
to the date fixed for redemption on Securities to be redeemed on such sinking fund payment date pursuant to this Section 5.04. 
 (c) The Trustee shall not redeem any Securities of a series with sinking fund moneys or mail any notice of redemption of Securities of such series by operation of the sinking fund during the continuance of a Default in payment of interest
on any Securities of such series or of any Event of Default (other than an Event of Default occurring as a consequence of this paragraph) of which the Trustee has actual knowledge, except that if the notice of redemption of any Securities of such
series shall theretofore have been mailed in accordance with the provisions hereof, the Trustee shall redeem such Securities if funds sufficient for that purpose shall be deposited with the Trustee in accordance with the terms of this Article.
Except as aforesaid, any moneys in the sinking fund at the time any such Default or Event of Default shall occur and any moneys thereafter paid into the sinking fund shall, during the continuance of such Default or Event of Default, be held as
security for the payment of all the Securities of such series; provided, however, that in case such Default or Event of Default shall have been cured or waived as provided herein, such moneys shall thereafter be applied on the next sinking fund
payment date on which such moneys are required to be applied pursuant to the provisions of this Section 5.04. 
 ARTICLE VI

 PARTICULAR COVENANTS OF THE COMPANY 
 The Company hereby covenants and agrees as follows: 
 Section 6.01 Payments of Securities. The
Company will duly and punctually pay the principal of and premium, if any, on each series of Securities, and the interest which shall have 

  

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accrued thereon, at the dates and place and in the manner provided in the Securities and in this Indenture. 
 Section 6.02 Paying Agent. 
 (a) The Company will maintain in each Place of Payment for any series of Securities, if any, an office or agency where Securities may be presented or surrendered for payment, where Securities of such series may be surrendered for
registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served (the “Paying Agent”). 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 hereby appoints the Trustee as Paying Agent to receive all presentations, surrenders, notices and demands. 
 (b) The Company may also from time to time designate different or additional offices or agencies where the Securities of any series may be
presented or surrendered for any or all such purposes (in or outside of such Place of Payment), and may from time to time rescind any such designations; provided, however, that no such designation or rescission shall in any manner relieve the
Company of its obligations described in the preceding paragraph. The Company will give prompt written notice to the Trustee of any such additional designation or rescission of designation and of any change in the location of any such different or
additional office or agency. The Company shall enter into an appropriate agency agreement with any Paying Agent not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such agent. The Company
shall notify the Trustee of the name and address of each such agent. The Company or any Affiliate thereof may act as Paying Agent. 
 Section
6.03 To Hold Payment in Trust. 
 (a) If the Company or an Affiliate thereof shall at any time act as Paying Agent with
respect to any series of Securities, then, on or before the date on which the principal of and premium, if any, or interest on any of the Securities of that series by their terms or as a result of the calling thereof for redemption shall become
payable, the Company or such Affiliate will segregate and hold in trust for the benefit of the holders of such Securities or the Trustee a sum sufficient to pay such principal and premium, if any, or interest which shall have so become payable until
such sums shall be paid to such holders or otherwise disposed of as herein provided, and will notify the Trustee of its action or failure to act in that regard. Upon any proceeding under any federal bankruptcy laws with respect to the Company or any
Affiliate thereof, if the Company or such Affiliate is then acting as Paying Agent, the Trustee shall replace the Company or such Affiliate as Paying Agent. 
 (b) If the Company shall appoint, and at the time have, a Paying Agent for the payment of the principal of and premium, if any, or
interest on any series of Securities, then prior to 10:00 a.m., New York City time, on the date on which the principal of and premium, if any, or interest on any of the Securities of that series shall become payable as aforesaid, whether 

  

 31 

 
by their terms or as a result of the calling thereof for redemption, the Company will deposit with such Paying Agent a sum sufficient to pay such principal
and premium, if any, or interest, such sum to be held in trust for the benefit of the holders of such Securities or the Trustee, and (unless such Paying Agent is the Trustee), the Company or any other obligor of such Securities will promptly notify
the Trustee of its payment or failure to make such payment. 
 (c) If the Paying Agent shall be other than the Trustee, the
Company will cause such Paying Agent 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 6.03, that such Paying Agent shall: 
 (i) hold all moneys held by it for the payment of the principal of and premium, if any, or interest on the Securities of that series in
trust for the benefit of the holders of such Securities until such sums shall be paid to such holders or otherwise disposed of as herein provided; 
 (ii) give to the Trustee notice of any Default by the Company or any other obligor upon the Securities of that series in the making of any payment of the principal of and premium, if any, or interest on the Securities
of that series; and 
 (iii) at any time during the continuance of any such Default, upon the written request of the Trustee,
pay to the Trustee all sums so held in trust by such Paying Agent. 
 (d) Anything in this Section 6.03 to the contrary
notwithstanding, the Company may at any time, for the purpose of obtaining a release, satisfaction or discharge of this Indenture or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by the Company or by any Paying
Agent other than the Trustee as required by this Section 6.03, 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. 
 (e) Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of
and premium, if any, or interest on any Security of any series and remaining unclaimed for two years after such principal and premium, if any, or interest has become due and payable shall be paid to the Company upon Company Request along with any
interest that has accumulated thereon as a result of such money being invested at the direction of the Company, or (if then held by the Company) shall be discharged from such trust, and the holder of such Security shall thereafter, as an unsecured
general creditor, look only to the Company for payment of such amounts without interest thereon, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall
thereupon cease; provided, however, that the Trustee or such Paying Agent before being required to make any such repayment, may at the expense of the Company cause to be transmitted in the manner and to the extent provided by Section 16.06,
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 mailing, any unclaimed balance of such money then remaining will be repaid to the Company. 
  

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 Section 6.04 Merger, Consolidation and Sale of Assets. 
 (a) The Company will not consolidate with any other entity or accept a merger of any other entity into the Company or permit the Company
to be merged into any other entity, or sell other than for cash or lease all or substantially all its assets to another entity, or purchase all or substantially all the assets of another entity, unless (i) either the Company shall be the
continuing entity, or the successor, transferee or lessee entity (if other than the Company) shall expressly assume, by indenture supplemental hereto satisfactory to the Trustee, executed and delivered by such entity prior to or simultaneously with
such consolidation, merger, sale or lease, the due and punctual payment of the principal of and interest and premium, if any, on all the Securities, according to their tenor, and the due and punctual performance and observance of all other
obligations to the holders and the Trustee under this Indenture or under the Securities to be performed or observed by the Company; and (ii) immediately after such consolidation, merger, sale, lease or purchase the Company or the successor,
transferee or lessee entity (if other than the Company) would not be in Default in the performance of any covenant or condition of this Indenture. A purchase by a Subsidiary of all or substantially all of the assets of another entity shall not be
deemed to be a purchase of such assets by the Company. 
 (b) Upon any consolidation with or merger into any other entity, or
any sale other than for cash, or any conveyance or lease of all or substantially all of the assets of the Company in accordance with this Section 6.04, the successor entity formed by such consolidation or into or with which the Company is
merged or to which the Company is sold or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such
successor entity had been named as the Company herein, and thereafter, except in the case of a lease, the predecessor Company shall be relieved of all obligations and covenants under this Indenture and the Securities, and from time to time such
entity may exercise each and every right and power of the Company under this Indenture, in the name of the Company, or in its own name; and any act or proceeding by any provision of this Indenture required or permitted to be done by the Board of
Directors or any officer of the Company may be done with like force and effect by the like board or officer of any entity that shall at the time be the successor of the Company hereunder. In the event of any such sale or conveyance, but not any such
lease, the Company (or any successor entity which shall theretofore have become such in the manner described in this Section 6.04) shall be discharged from all obligations and covenants under this Indenture and the Securities and may thereupon
be dissolved and liquidated. 
 Section 6.05 Compliance Certificate. The Company shall furnish to the Trustee annually, within 120
days after the end of each fiscal year, a brief certificate from the principal executive officer, principal financial officer or principal accounting officer as to his or her knowledge of the Company’s compliance with all conditions and
covenants under this Indenture (which compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture) and, in the event of any Default, specifying each such Default and the nature and
status thereof of which such person may have knowledge. Such certificates need not comply with Section 16.01 of this Indenture. 
 Section 6.06 Conditional Waiver by Holders of Securities. Anything in this Indenture to the contrary notwithstanding, the Company may fail or omit in any particular instance to 

  

 33 

 
comply with a covenant or condition set forth herein with respect to any series of Securities if the Company shall have obtained and filed with the Trustee,
prior to the time of such failure or omission, evidence (as provided in Article VIII) of the consent of the holders of a majority in aggregate principal amount of the Securities of such series at the time Outstanding, either waiving such compliance
in such instance or generally waiving compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, or impair any right consequent thereon and, until
such waiver shall have become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect. 
 Section 6.07 Statement by Officers as to Default. The Company shall deliver to the Trustee as soon as possible and in any event within five days
after the Company becomes aware of the occurrence of any Event of Default or an event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default, an Officers’ Certificate setting forth the details of
such Event of Default or Default and the action which the Company proposes to take with respect thereto. 
 ARTICLE VII 
 REMEDIES OF TRUSTEE AND SECURITYHOLDERS 
 Section 7.01 Events of Default. Except where otherwise indicated by the context or where the term is otherwise defined for a specific purpose, the term “Event of Default” as used in this Indenture
with respect to Securities of any series shall mean one of the following described events unless it is either inapplicable to a particular series or it is specifically deleted or modified in the manner contemplated in Section 3.01: 

(a) the failure of the Company to pay any installment of interest on any Security of such series when and as the same shall become
payable, which failure shall have continued unremedied for a period of 30 days; 
 (b) the failure of the Company to pay the
principal of (and premium, if any, on) any Security of such series, when and as the same shall become payable, whether at Maturity as therein expressed, by call for redemption (otherwise than pursuant to a sinking fund), by declaration as authorized
by this Indenture or otherwise; 
 (c) the failure of the Company to pay a sinking fund installment, if any, when and as the
same shall become payable by the terms of a Security of such series, which failure shall have continued unremedied for a period of 30 days; 
 (d) the failure of the Company, subject to the provisions of Section 6.06, to perform any covenants or agreements contained in this Indenture (including any indenture supplemental hereto pursuant to which the
Securities of such series were issued as contemplated by Section 3.01) (other than a covenant or agreement which has been expressly included in this Indenture solely for the benefit of a series of Securities other than that series and other
than a covenant or agreement a default in the performance of which is elsewhere in this Section 7.01 specifically addressed), which failure shall not have been remedied, or without provision deemed 

  

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to be adequate for the remedying thereof having been made, for a period of 90 days after written notice shall have been given to the Company by the Trustee
or shall have been given to the Company and the Trustee by holders of 25% or more in aggregate principal amount of the Securities of such series then Outstanding, specifying such failure, requiring the Company to remedy the same and stating that
such notice is a “Notice of Default” hereunder; 
 (e) the entry by a court having jurisdiction in the premises of a
decree or order for relief in respect of the Company in an involuntary case under the federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in
effect, or appointing a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Company or of substantially all the property of the Company or ordering the winding-up or liquidation of its affairs and such
decree or order shall remain unstayed and in effect for a period of 90 consecutive days; 
 (f) the commencement by the
Company of a voluntary case under the federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or the consent by the Company to the
entry of an order for relief in an involuntary case under any such law, or the consent by the Company to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian or sequestrator (or similar official) of the
Company or of substantially all the property of the Company 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 action; or 
 (g) the occurrence of any other Event of Default with
respect to Securities of such series as provided in a supplemental indenture or Officers’ Certificate, if any, applicable to such series of Securities. 
 Section 7.02 Acceleration; Recission and Annulment. 
 (a) If any one or more of the
above-described Events of Default shall happen with respect to Securities of any series at the time Outstanding, then, and in each and every such case, during the continuance of any such Event of Default, the Trustee or the holders of 25% or more in
principal amount of the Securities of such series then Outstanding may (and upon the written request of the holders of a majority in principal amount of such Securities then Outstanding, the Trustee shall) declare the principal (or, if the
Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of that series) of and all accrued but unpaid interest on all the Securities of such series then Outstanding, if
not then due and payable, to be due and payable, and upon any such declaration the same shall become and be immediately due and payable, anything in this Indenture or in the Securities of such series contained to the contrary notwithstanding;
provided that no Event of Default with respect to Securities of a series, except with respect to an Event of Default under subsections (e) and (f) of Section 7.01 and except to the extent otherwise provided in subsection (d) of
Section 7.01, shall constitute an Event of Default with respect to Securities of any other series. Upon payment of such amounts in the Currency in which such Securities are denominated (except as otherwise provided pursuant to
Section 3.01), all obligations of the 

  

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Company in respect of the payment of principal of and interest on the Securities of such series shall terminate. 
 (b) This provision, however, is subject to the condition that, if at any time after the principal of all the Securities of such series, to
which any one or more of the above-described Events of Default is applicable, shall have been so declared to be due and payable, and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this
Article provided, 
 (i) the Company has paid or deposited with the Paying Agent a sum in the Currency in which such
Securities are denominated (except as otherwise provided pursuant to Section 3.01) sufficient to pay 
 (A) all amounts
owing the Trustee and any predecessor trustee hereunder under Section 11.01(a) (provided, however, that all sums payable under this clause (A) shall be paid in U.S. Dollars); 
 (B) all arrears of interest, if any, upon all the Securities of such series (with interest, to the extent that interest thereon shall be
legally enforceable, on any overdue installment of interest at the rate borne by the Securities); 
 (C) the principal of and
premium, if any, on any Securities of such series that have become due otherwise than by such declaration of acceleration and interest thereon; and 
 (D) all other sums payable under this Indenture (except the principal of the Securities of such series which would not be due and payable were it not for such declaration); and 
 (ii) every other Default and Event of Default under this Indenture shall have been resolved so that the conditions that caused such
Default or Event of Default are no longer outstanding or have otherwise been remedied to the reasonable satisfaction of the Trustee or of the holders of a majority in principal amount of the Securities of such series then Outstanding, or provision
deemed by the Trustee or by such holders to be adequate therefor shall have been made, then and in every such case the holders of a majority in principal amount of the Securities of such series then Outstanding may, by written notice to the Company
and the Trustee, on behalf of the holders of all the Securities of such series, waive the Event of Default by reason of which the principal of the Securities of such series shall have been so declared to be due and payable and may rescind and annul
such declaration and its consequences; provided, however, that no such waiver, rescission or annulment shall extend to or affect any subsequent Default or Event of Default or impair any right consequent thereon. 
  

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 (c) Any declaration by the Trustee pursuant to this Section 7.02 shall be by written
notice to the Company, and any declaration or waiver by the holders of Securities of any series pursuant to this Section 7.02 shall be by written notice to the Company and the Trustee. 
 (d) For all purposes under this Indenture, if a portion of the principal of any Discount Securities shall have been accelerated and
declared due and payable pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been rescinded and annulled, the principal amount of such Discount Securities shall be deemed, for all purposes hereunder,
to be such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion of the principal thereof as shall be due and payable as a result of such acceleration, together with interest, if
any, thereon and all other amounts owing thereunder, shall constitute payment in full of such Discount Securities. 
 (e) The
Company and the Trustee may, to the extent provided in Section 14.01, enter into one or more indentures supplemental hereto with respect to any series of the Securities which may provide for additional or different Events of Default with
respect to such series of Securities. 
 Section 7.03 Other Remedies. If the Company shall fail for a period of 30 days to pay any
installment of interest on the Securities of any series or shall fail to pay the principal of and premium, if any, on any of the Securities of such series when and as the same shall become due and payable, whether at Maturity, or by call for
redemption (other than pursuant to the sinking fund), by declaration as authorized by this Indenture, or otherwise, or shall fail for a period of 30 days to make any sinking fund payment as to a series of Securities, then, upon demand of the
Trustee, the Company will pay to the Paying Agent for the benefit of the holders of Securities of such series then Outstanding the whole amount which then shall have become due and payable on all the Securities of such series, with interest on the
overdue principal and premium, if any, and (so far as the same may be legally enforceable) on the overdue installments of interest at the rate borne by the Securities of such series, and all amounts owing the Trustee and any predecessor trustee
hereunder under Section 11.01(a). 
 In case the Company shall fail forthwith to pay such amounts upon such demand, the Trustee, in its
own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceeding at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceeding to judgment or
final decree, and may enforce any such judgment or final decree against the Company or any other obligor upon the Securities of such series, and collect the moneys adjudged or decreed to be payable out of the property of the Company or any other
obligor upon the Securities of such series, wherever situated, in the manner provided by law. Every recovery of judgment in any such action or other proceeding, subject to the payment to the Trustee of all amounts owing the Trustee and any
predecessor trustee hereunder under Section 11.01(a), shall be for the ratable benefit of the holders of such series of Securities which shall be the subject of such action or proceeding. All rights of action upon or under any of the Securities
or this Indenture may be enforced by the Trustee without the possession of any of the Securities and without the production of any thereof at any trial or any proceeding relative thereto. 
  

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 Section 7.04 Trustee as Attorney-in-Fact. The Trustee is hereby appointed, and each and every
holder of the Securities, by receiving and holding the same, shall be conclusively deemed to have appointed the Trustee, the true and lawful attorney-in-fact of such holder, with authority to make or file (whether or not the Company shall be in
Default in respect of the payment of the principal of, or interest on, any of the Securities), in its own name and as trustee of an express trust or otherwise as it shall deem advisable, in any receivership, insolvency, liquidation, bankruptcy,
reorganization or other judicial proceeding relative to the Company or any other obligor upon the Securities or to their respective creditors or property, any and all claims, proofs of claim, proofs of debt, petitions, consents, other papers and
documents and amendments of any thereof, as may be necessary or advisable in order to have the claims of the Trustee and any predecessor trustee hereunder and of the holders of the Securities allowed in any such proceeding and to collect and receive
any moneys or other property payable or deliverable on any such claim, and to execute and deliver any and all other papers and documents and to do and perform any and all other acts and things, as it may deem necessary or advisable in order to
enforce in any such proceeding any of the claims of the Trustee and any predecessor trustee hereunder and of any of such holders in respect of any of the Securities; and any receiver, assignee, trustee, custodian or debtor in any such proceeding is
hereby authorized, and each and every taker or holder of the Securities, by receiving and holding the same, shall be conclusively deemed to have authorized any such receiver, assignee, trustee, custodian or debtor, to make any such payment or
delivery only to or on the order of the Trustee, and to pay to the Trustee any amount due it and any predecessor trustee hereunder under Section 11.01(a); provided, however, that nothing herein contained shall be deemed to authorize or empower
the Trustee to consent to or accept or adopt, on behalf of any holder of Securities, any plan of reorganization or readjustment affecting the Securities or the rights of any holder thereof, or to authorize or empower the Trustee to vote in respect
of the claim of any holder of any Securities in any such proceeding. 
 Section 7.05 Priorities. Any moneys or properties collected by
the Trustee with respect to a series of Securities under this Article VII shall be applied in the order following, at the date or dates fixed by the Trustee for the distribution of such moneys or properties and, in the case of the distribution of
such moneys or properties on account of the Securities of any series, upon presentation of the Securities of such series, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: 
 First: To the payment of all amounts due to the Trustee and any predecessor trustee hereunder under Section 11.01(a). 
 Second: In case the principal of the Outstanding Securities of such series shall not have become due and be unpaid, to the payment of
interest on the Securities of such series, in the chronological order of the Maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest
at the rate borne by such Securities, such payments to be made ratably to the Persons entitled thereto. 
 Third: In case the
principal of the Outstanding Securities of such series shall have become due, by declaration or otherwise, to the payment of the whole amount then owing and unpaid upon the Securities of such series for principal and premium, if any, and 

  

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interest, with interest on the overdue principal and premium, if any, and (to the extent that such interest has been collected by the Trustee) upon overdue
installments of interest at the rate borne by the Securities of such series, and in case such moneys shall be insufficient to pay in full the whole amounts so due and unpaid upon the Securities of such series, then to the payment of such principal
and premium, if any, and interest without preference or priority of principal and premium, if any, over interest, or of interest over principal and premium, if any, or of any installment of interest over any other installment of interest, or of any
Security of such series over any other Security of such series, ratably to the aggregate of such principal and premium, if any, and accrued and unpaid interest. 
 Any surplus then remaining shall be paid to the Company or as directed by a court of competent jurisdiction. 
 Section 7.06
Control by Securityholders; Waiver of Past Defaults. The holders of a majority in principal amount of the Securities of any series at the time Outstanding may direct the time, method and place of conducting any proceeding for any remedy
available to the Trustee hereunder, or of exercising any trust or power hereby conferred upon the Trustee with respect to the Securities of such series, provided, however, that, subject to the provisions of Sections 11.01 and 11.02, the Trustee
shall have the right to decline to follow any such direction if the Trustee being advised by counsel determines that the action so directed may not lawfully be taken or would be unduly prejudicial to holders not joining in such direction or would
involve the Trustee in personal liability. Prior to any declaration accelerating the Maturity of the Securities of any series, the holders of a majority in aggregate principal amount of such series of Securities at the time Outstanding may on behalf
of the holders of all of the Securities of such series waive any past Default or Event of Default hereunder and its consequences except a Default in the payment of interest or any premium on or the principal of the Securities of such series. Upon
any such waiver the Company, the Trustee and the holders of the Securities of such series shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other Default or Event of
Default or impair any right consequent thereon. Whenever any Default or Event of Default hereunder shall have been waived as permitted by this Section 7.06, said Default or Event of Default shall for all purposes of the Securities of such
series and this Indenture be deemed to have been cured and to be not continuing. 
 Section 7.07 Limitation on Suits. No holder of any
Security of any series shall have any right to institute any action, suit or proceeding at law or in equity for the execution of any trust hereunder or for the appointment of a receiver or for any other remedy hereunder, in each case with respect to
an Event of Default with respect to such series of Securities, unless such holder previously shall have given to the Trustee written notice of the happening of one or more of the Events of Default herein specified with respect to such series of
Securities, and unless also the holders of 25% in principal amount of the Securities of such series then Outstanding shall have requested the Trustee in writing to take action in respect of the matter complained of, and unless also there shall have
been offered to the Trustee security and indemnity satisfactory to it against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee, for 60 days after receipt of such notification, request and offer of indemnity,
shall have neglected or refused to institute any such action, suit or proceeding; and such notification, request and offer of indemnity are hereby declared in every such case to be conditions precedent to any such action, 

  

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suit or proceeding by any holder of any Security of such series; it being understood and intended that no one or more of the holders of Securities of such
series shall have any right in any manner whatsoever by his, her, its or their action to enforce any right hereunder, except in the manner herein provided, and that every action, suit or proceeding at law or in equity shall be instituted, had and
maintained in the manner herein provided and for the equal benefit of all holders of the Outstanding Securities of such series; provided, however, that nothing in this Indenture or in the Securities of such series shall affect or impair the
obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on the Securities of such series to the respective holders of such Securities at the respective due dates in such Securities
stated, or affect or impair the right, which is also absolute and unconditional, of such holders to institute suit to enforce the payment thereof. 
 Section 7.08 Undertaking for Costs. All parties to this Indenture and each holder of any Security, by such holder’s acceptance thereof, shall be deemed to have agreed that any court may in its discretion require, in any action,
suit or proceeding for the enforcement of any right or remedy under this Indenture, or in any action, suit or proceeding against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such action, suit or
proceeding of an undertaking to pay the costs of such action, suit or proceeding, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such action, suit or
proceeding, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided, however, that the provisions of this Section 7.08 shall not apply to any action, suit or proceeding instituted by the
Trustee, to any action, suit or proceeding instituted by any one or more holders of Securities holding in the aggregate more than 10% in principal amount of the Securities of any series Outstanding, or to any action, suit or proceeding instituted by
any holder of Securities of any series for the enforcement of the payment of the principal of or premium, if any, or the interest on, any of the Securities of such series, on or after the respective due dates expressed in such Securities.

 Section 7.09 Remedies Cumulative. No remedy herein conferred upon or reserved to the Trustee or to the holders of Securities of any
series is intended to be exclusive of any other remedy or remedies, and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute. No delay
or omission of the Trustee or of any holder of the Securities of any series to exercise any right or power accruing upon any Default or Event of Default shall impair any such right or power or shall be construed to be a waiver of any such Default or
Event of Default or an acquiescence therein; and every power and remedy given by this Article VII to the Trustee and to the holders of Securities of any series, respectively, may be exercised from time to time and as often as may be deemed expedient
by the Trustee or by the holders of Securities of such series, as the case may be. In case the Trustee or any holder of Securities of any series shall have proceeded to enforce any right under this Indenture and the proceedings for the enforcement
thereof shall have been discontinued or abandoned because of waiver or for any other reason or shall have been adjudicated adversely to the Trustee or to such holder of Securities, then and in every such case the Company, the Trustee and the holders
of the Securities of such series shall severally and respectively be restored to their former positions and rights hereunder, and thereafter all rights, remedies and powers of the Trustee and the holders of the Securities of such 

  

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series shall continue as though no such proceedings had been taken, except as to any matters so waived or adjudicated. 
 ARTICLE VIII 
 CONCERNING THE
SECURITYHOLDERS 
 Section 8.01 Evidence of Action of Securityholders. Whenever in this Indenture it is provided that the
holders of a specified percentage or a majority in aggregate principal amount of the Securities or of any series of Securities may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the
taking of any other action), the fact that at the time of taking any such action the holders of such specified percentage or majority have joined therein may be evidenced by (a) any instrument or any number of instruments of similar tenor
executed by Securityholders in person or by agent or proxy appointed in writing (such action becoming effective, except as herein otherwise expressly provided, when such instrument or instruments are delivered to the Trustee and, where it is hereby
expressly required, to the Company), or (b) by the record of the holders of Securities voting in favor thereof at any meeting of Securityholders duly called and held in accordance with the provisions of Article VII, or (c) by a combination
of such instrument or instruments and any such record of such a meeting of Securityholders. 
 Section 8.02 Proof of Execution or Holding
of Securities. Proof of the execution of any instrument by a Securityholder or his, her or its agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner: 
 (a) The fact and date of the execution by any Person of any such instrument may be proved (i) by the certificate of any notary public
or other officer in any jurisdiction who, by the laws thereof, has power to take acknowledgments or proof of deeds to be recorded within such jurisdiction, that the Person who signed such instrument did acknowledge before such notary public or other
officer the execution thereof, or (ii) by the affidavit of a witness of such execution sworn to before any such notary or other officer. Where such execution is by a Person acting in other than his or her individual capacity, such certificate
or affidavit shall also constitute sufficient proof of his or her authority. 
 (b) The ownership of Registered Securities of
any series shall be proved by the Register of such Securities or by a certificate of the Registrar for such series. 
 (c) The
record of any holders’ meeting shall be proved in the manner provided in Section 9.06. 
 (d) The Trustee may
require such additional proof of any matter referred to in this Section 8.02 as it shall deem appropriate or necessary, so long as the request is a reasonable one. 
 (e) If the Company shall solicit from the holders of Securities of any series any action, the Company may, at its option, by Board
Resolution, fix in advance a record date for the determination of holders of Registered Securities entitled to take such action, but the Company shall have no obligation to do so. Any such record date shall be fixed at the 

  

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Company’s discretion. If such a record date is fixed, such action may be sought or given before or after the record date, but only the holders of
Registered Securities of record at the close of business on such record date shall be deemed to be holders of Registered Securities for the purpose of determining whether holders of the requisite proportion of Outstanding Securities of such series
have authorized or agreed or consented to such action, and for that purpose the Outstanding Registered Securities of such series shall be computed as of such record date. 
 Section 8.03 Persons Deemed Owners. 
 (a) The Company, the Trustee and any agent of
the Company or the Trustee may treat the Person in whose name any Registered Security is registered as the owner of such Registered Security for the purpose of receiving payment of principal of and premium, if any, and (subject to Section 3.08)
interest, if any, on, such Registered Security and for all other purposes whatsoever, whether or not such Registered Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to
the contrary. All payments made to any holder, or upon his, her or its order, shall be valid, and, to the extent of the sum or sums paid, effectual to satisfy and discharge the liability for moneys payable upon such Security. 
 (b) None of the Company, the Trustee, any Paying Agent or the Registrar will have any responsibility or liability for any aspect of the
records relating to or payments made on account of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Section 8.04 Revocation of Consents. At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the
taking of any action by the holders of the percentage in aggregate principal amount of the Securities or of any series of Securities specified in this Indenture in connection with such action, any holder of a Security which is shown by the evidence
to be included in the Securities the holders of which have consented to such action may, by filing written notice with the Trustee at its principal office and upon proof of holding as provided in Section 8.02, revoke such action so far as
concerns such Security. Except as aforesaid, any such action taken by the holder of any Security shall be conclusive and binding upon such holder and upon all future holders of such Security, and of any Securities issued on transfer or in lieu
thereof or in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon such Security or such other Securities or any Security issued in exchange or substitution therefor. 
 ARTICLE IX 
 SECURITYHOLDERS’ MEETINGS 
 Section 9.01 Purposes of Meetings. A meeting of Securityholders of any or all
series may be called at any time and from time to time pursuant to the provisions of this Article IX for any of the following purposes: 
 (a) to give any notice to the Company or to the Trustee, or to give any directions to the Trustee, or to consent to the waiving of any Default hereunder and its 

  

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consequences, or to take any other action authorized to be taken by Securityholders pursuant to any of the provisions of Article VIII; 
 (b) to remove the Trustee and nominate a successor trustee pursuant to the provisions of Article XI; 
 (c) to consent to the execution of an Indenture or of indentures supplemental hereto pursuant to the provisions of Section 14.02; or

 (d) to take any other action authorized to be taken by or on behalf of the holders of any specified aggregate principal
amount of the Securities of any one or more or all series, as the case may be, under any other provision of this Indenture or under applicable law. 
 Section 9.02 Call of Meetings by Trustee. The Trustee may at any time call a meeting of all Securityholders of all series that may be affected by the action proposed to be taken, to take any action specified in Section 9.01, to
be held at such time and at such place as the Trustee shall determine. Notice of every meeting of the Securityholders of a series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such
meeting, shall be mailed to holders of Securities of such series at their addresses as they shall appear on the Register of the Company. Such notice shall be mailed not less than 20 nor more than 90 days prior to the date fixed for the meeting.

 Section 9.03 Call of Meetings by Company or Securityholders. In case at any time the Company, pursuant to a resolution of its Board
of Directors, or the holders of at least 10% in aggregate principal amount of the Securities of a series (or of all series, as the case may be) then Outstanding that may be affected by the action proposed to be taken, shall have requested the
Trustee to call a meeting of Securityholders of such series (or of all series), by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting
within 20 days after receipt of such request, then the Company or such Securityholders may determine the time and the place for such meeting and may call such meeting to take any action authorized in Section 9.01, by mailing notice thereof as
provided in Section 9.02. 
 Section 9.04 Qualifications for Voting. To be entitled to vote at any meeting of Securityholders, a
Person shall (a) be a holder of one or more Securities affected by the action proposed to be taken at the meeting or (b) be a Person appointed by an instrument in writing as proxy by a holder of one or more such Securities. The only
Persons who shall be entitled to be present or to speak at any meeting of Securityholders shall be the Persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the
Company and its counsel. 
 Section 9.05 Regulation of Meetings. 
 (a) Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for
any meeting of Securityholders, in regard to proof of the holding of Securities and of the appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, 

  

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certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem fit. 
 (b) The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called
by the Company or by Securityholders as provided in Section 9.03, in which case the Company or the Securityholders calling the meeting, as the case may be, shall in like manner appoint a temporary chair. A permanent chairman and a permanent
secretary of the meeting shall be elected by majority vote of the meeting. 
 (c) At any meeting of Securityholders of a
series, each Securityholder of such series of such Securityholder’s proxy shall be entitled to one vote for each $1,000 principal amount of Securities of such series Outstanding held or represented by him; provided, however, that no vote shall
be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of Securities of
such series held by him or her or instruments in writing as aforesaid duly designating him or her as the Person to vote on behalf of other Securityholders. At any meeting of the Securityholders duly called pursuant to the provisions of
Section 9.02 or 9.03 the presence of Persons holding or representing Securities in an aggregate principal amount sufficient to take action upon the business for the transaction of which such meeting was called shall be necessary to constitute a
quorum, and any such meeting may be adjourned from time to time by a majority of those present, whether or not constituting a quorum, and the meeting may be held as so adjourned without further notice. 
 Section 9.06 Voting. The vote upon any resolution submitted to any meeting of Securityholders of a series shall be by written ballots on which
shall be subscribed the signatures of the holders of Securities of such series or of their representatives by proxy and the principal amounts of the Securities of such series held or represented by them. The permanent chairman of the meeting shall
appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A
record in duplicate of the proceedings of each meeting of Securityholders shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken
thereat and affidavits by one or more Persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was mailed as provided in Section 9.02. The record shall show the principal amounts of
the Securities voting in favor of or against any resolution. The record shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company and the other
to the Trustee to be preserved by the Trustee. 
 Any record so signed and verified shall be conclusive evidence of the matters therein
stated. 
 Section 9.07 No Delay of Rights by Meeting. Nothing contained in this Article IX shall be deemed or construed to authorize
or permit, by reason of any call of a meeting of Securityholders of any series or any rights expressly or impliedly conferred hereunder to make 

  

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such call, any hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to the Securityholders of such series
under any of the provisions of this Indenture or of the Securities of such series. 
 ARTICLE X 
 REPORTS BY THE COMPANY AND THE TRUSTEE AND 
 SECURITYHOLDERS’ LISTS 
 Section 10.01 Reports by Trustee. 
 (a) So long as any Securities are outstanding, 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 thereto. If required by Section 313(a) of the Trust Indenture Act, the Trustee shall, within 60 days after each following the
date of this Indenture deliver to holders a brief report which complies with the provisions of such Section 313(a). 
 (b) The Trustee shall, at the time of the transmission to the holders of Securities of any report pursuant to the provisions of this Section 10.01, file a copy of such report with each stock exchange upon which the Securities are
listed, if any, and also with the SEC in respect of a Security listed and registered on a national securities exchange, if any. The Company agrees to notify the Trustee when, as and if the Securities become listed on any stock exchange. 

The Company will reimburse the Trustee for all expenses incurred in the preparation and transmission of any report pursuant to the provisions of this
Section 10.01 and of Section 10.02. 
 Section 10.02 Reports by the Company. 
 (a) Unless available on EDGAR, the Company shall file with the Trustee, within 30 days after the Company shall be required so to file the
same with the SEC, copies of the annual reports and of the information, documents and other reports which the Company may be required to file with the SEC pursuant to the provisions of Section 13 or Section 15(d) of the Exchange Act (or
copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe); or, if either the Company is not required to file information, documents or reports pursuant to the provisions of either of such Sections, then the
Company will file with the Trustee and, to the extent permitted, the SEC, in accordance with rules and regulations prescribed by the SEC, such of the supplementary and periodic information, documents and reports which may be required pursuant to the
provisions of Sections 13 and 15(d) of the Exchange Act. 
 (b) The Company shall file with the Trustee and the SEC, in the
manner and to the extent provided in Section 314(a) of the Trust Indenture Act, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants provided for in this Indenture.

  

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 (c) The Company shall transmit to the holders of Securities, within 30 days after the
filing thereof with the Trustee (unless some other time shall be fixed by the SEC in respect of a Security listed and registered on a national securities exchange), in the manner and to the extent provided in Section 313(c) of the Trust
Indenture Act, such summaries of any information, documents and reports required to be filed by the Company pursuant to the provisions of subdivisions (a) and (b) of this Section 10.02 (unless available on EDGAR) as may be required by
rules and regulations prescribed from time to time by the SEC. 
 Section 10.03 Securityholders’ Lists. The Company covenants and
agrees that it will furnish or cause to be furnished to the Trustee: 
 (a) semi-annually, within 15 days after each Record
Date, but in any event not less frequently than semi-annually, a list in such form as the Trustee may reasonably require of the names and addresses of the holders of Securities to which such Record Date applies, as of such Record Date, and

 (b) at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such
request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that so long as the Trustee shall be the Registrar, such lists shall not be required to be furnished.

 ARTICLE XI 
 CONCERNING THE TRUSTEE 
 Section 11.01 Rights of Trustees; Compensation and Indemnity. The Trustee accepts the
trusts created by this Indenture upon the terms and conditions hereof, including the following, to all of which the parties hereto and the holders from time to time of the Securities agree: 
 (a) The Trustee shall be entitled to such compensation as the Company and the Trustee shall from time to time agree for all services
rendered by it hereunder (including in any agent capacity in which it acts). The compensation of the Trustee shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust. The Company shall reimburse the
Trustee promptly upon its request for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by the Trustee (including the reasonable expenses and disbursements of its agents and counsel), except any such expense,
disbursement or advance as may be attributable to its negligence, bad faith or willful misconduct. 
 The Company also agrees to indemnify
each of the Trustee and any predecessor Trustee hereunder for, and to hold it harmless against, any and all loss, liability, damage, claim, or expense incurred without its own negligence, bad faith or willful misconduct, arising out of or in
connection with the acceptance or administration of the trust or trusts hereunder and the performance of its duties (including in any agent capacity in which it acts), as well as the costs and expenses of defending itself against any claim or
liability in connection with the exercise or performance of any of its powers or duties hereunder. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. The Company shall defend the claim and the Trustee shall
cooperate in the defense. The Trustee may have one separate counsel and 

  

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the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent
shall not be unreasonably withheld. 
 As security for the performance of the obligations of the Company under this Section 11.01(a),
the Trustee shall have a lien therefor on any moneys or properties held by the Trustee hereunder to the extent of such obligations, which lien shall be second in priority with respect to any moneys held in trust by the Trustee to pay principal of
and interest on any Securities. Notwithstanding any provisions of this Indenture to the contrary, the obligations of the Company to compensate and indemnify the Trustee under this Section 11.01(a) shall survive the resignation or removal of the
Trustee and any satisfaction and discharge under Article XII. When the Trustee incurs expenses or renders services after an Event of Default specified in clause (e) or (f) of Section 7.01 occurs, the expenses and compensation for the
services are intended to constitute expenses of administration under any applicable federal or state bankruptcy, insolvency or similar laws. 
 (b) The Trustee may execute any of the trusts or powers hereof and perform any duty hereunder either directly or by its agents and attorneys and shall not be responsible for any misconduct or negligence on the part of
any agent or attorney appointed with due care by it hereunder. 
 (c) The Trustee shall not be responsible in any manner
whatsoever for the correctness of the recitals herein or in the Securities (except its certificates of authentication thereon) contained, all of which are made solely by the Company; and the Trustee shall not be responsible or accountable in any
manner whatsoever for or with respect to the validity or execution or sufficiency of this Indenture or of the Securities (except its certificates of authentication thereon), and the Trustee makes no representation with respect thereto, except that
the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the
Company are true and accurate, subject to the qualifications set forth therein. The Trustee shall not be accountable for the use or application by the Company of any Securities, or the proceeds of any Securities, authenticated and delivered by the
Trustee in conformity with the provisions of this Indenture. 
 (d) The Trustee may consult with counsel of its selection,
and, to the extent permitted by Section 11.02, any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered by the Trustee hereunder in good faith and in accordance with such Opinion
of Counsel. 
 (e) The Trustee, to the extent permitted by Section 11.02, may rely upon the certificate of the Secretary
or one of the Assistant Secretaries of the Company as to the adoption of any resolution by the Board of Directors or stockholders of the Company, and any request, direction, order or demand of the Company mentioned herein shall be sufficiently
evidenced by, and whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, offering or omitting any action hereunder, the Trustee may rely upon, an Officers’
Certificate of the Company (unless other evidence in respect thereof be herein specifically prescribed). 
  

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 (f) Subject to Section 11.04, the Trustee or any agent of the Trustee, in its
individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may otherwise deal with the Company with the same rights it would have had if it were not the Trustee
or such agent. 
 (g) Money held by the Trustee in trust hereunder need not be segregated from other funds except to the
extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 
 (h) Any action taken by the Trustee pursuant to any provision hereof at the request or with the consent of any Person who at the time is
the holder of any Security shall be conclusive and binding in respect of such Security upon all future holders thereof or of any Security or Securities which may be issued for or in lieu thereof in whole or in part, whether or not such Security
shall have noted thereon the fact that such request or consent had been made or given. 
 (i) Subject to the provisions of
Section 11.02, 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, consent, order, approval, bond, debenture or
other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. 
 (j) Subject to the provisions of Section 11.02, the Trustee shall not be under any obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the holders of the
Securities, pursuant to any provision of this Indenture, unless one or more of the holders of the Securities shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred
by it therein or thereby. 
 (k) Subject to the provisions of Section 11.02, the Trustee shall not be liable for any
action taken or omitted by it in good faith and believed by it to be authorized or within its discretion or within the rights or powers conferred upon it by this Indenture. 
 (l) Subject to the provisions of Section 11.02, the Trustee shall not be deemed to have knowledge or notice of any Default or Event
of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless the holders of not less than 25% of the Outstanding Securities notify the Trustee thereof. 
 (m) Subject to the provisions of the first paragraph of Section 11.02, 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. 
 (n) The rights,
privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder. 
  

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 Section 11.02 Duties of Trustee. 
 (a) If one or more of the Events of Default specified in Section 7.01 with respect to the Securities of any series shall have
happened, then, during the continuance thereof, the Trustee shall, with respect to such Securities, exercise such of the rights and powers vested in it by this Indenture, and shall 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. 
 (b) None of
the provisions of this Indenture shall be construed as relieving the Trustee from liability for its own negligent action, its own negligent action, negligent failure to act, or its own willful misconduct, except that, anything in this Indenture
contained to the contrary notwithstanding, 
 (i) unless and until an Event of Default specified in Section 7.01 with
respect to the Securities of any series shall have happened which at the time is continuing, 
 (A) the Trustee undertakes to
perform such duties and only such duties with respect to the Securities of that series as are specifically set out in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee, whose duties and
obligations shall be determined solely by the express provisions of this Indenture; and 
 (B) the Trustee may conclusively
rely, as to the truth of the statements and the correctness of the opinions expressed therein, in the absence of bad faith on the part of the Trustee, upon certificates and opinions furnished to it pursuant to the express provisions of this
Indenture; but in the case of any such certificates or opinions which, by the provisions of this Indenture, are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not
they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein); 
 (ii) the Trustee shall not be liable to any holder of Securities or to any other Person for any error of judgment made in good faith by a
Responsible Officer or Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) the Trustee shall not be liable to any holder of Securities or to any other Person with respect to any action taken or omitted to be taken by it in good faith, in accordance with the direction of Securityholders
given as provided in Section 7.06, relating to the time, method and place of conducting any 

  

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proceeding for any remedy available to it or exercising any trust or power conferred upon it by this Indenture. 
 (c) None of the provisions of this Indenture shall be construed as requiring the Trustee to expend or risk its own funds or otherwise to
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 there shall be 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 11.02. 
 Section 11.03 Notice of Defaults. Within 90 days after the occurrence thereof, and if known to the Trustee, the Trustee shall give to the holders of the Securities of a series notice of each Default or Event of
Default with respect to the Securities of such series known to the Trustee, by transmitting such notice to holders at their addresses as the same shall then appear on the Register of the Company, unless such Default shall have been cured before the
giving of such notice (the term “Default” being hereby defined to be the events specified in Section 7.01, which are, or after notice or lapse of time or both would become, Events of Default as defined in said Section). Except in the
case of a Default or Event of Default in payment of the principal of, premium, if any, or interest on any of the Securities of such series when and as the same shall become payable, or to make any sinking fund payment as to Securities of the same
series, the Trustee shall be protected in withholding such notice, if and so long as a Responsible Officer or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interests of the holders of the
Securities of such series. 
 Section 11.04 Eligibility; Disqualification. 
 (a) The Trustee shall at all times satisfy the requirements of TIA Section 310(a). The Trustee shall have a combined capital and
surplus of at least $50 million as set forth in its most recent published annual report of condition, and shall have a Corporate Trust Office. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this
Section 11.04, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 
 (b) The Trustee shall comply with TIA Section 310(b); provided, however, that there shall be excluded from the operation of TIA Section 310(b)(i) any indenture or indentures under which other securities or certificates of interest
or participation in other securities of the Company are outstanding if the requirements for such exclusion set forth in TIA Section 310(b)(i) are met. If the Trustee has or shall acquire a conflicting interest within the meaning of
Section 310(b) 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. If
Section 310(b) of the Trust Indenture Act is amended any time after the date of this Indenture to change the circumstances under which a Trustee shall be deemed to have a conflicting interest with respect to the Securities of any series 

  

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or to change any of the definitions in connection therewith, this Section 11.04 shall be automatically amended to incorporate such changes. 

Section 11.05 Registration and Notice; Removal. The Trustee, or any successor to it hereafter appointed, may at any time resign and be
discharged of the trusts hereby created with respect to any one or more or all series of Securities by giving to the Company notice in writing and by mailing notice thereof to the holders of Securities of such series at their addresses as the same
shall then appear in the Register of the Company. Such resignation shall take effect upon the appointment of a successor Trustee and the acceptance of such appointment by such successor Trustee. Any Trustee hereunder may be removed with respect to
any series of Securities at any time by the filing with such Trustee and the delivery to the Company of an instrument or instruments in writing signed by the holders of a majority in principal amount of the Securities of such series then
Outstanding, specifying such removal and the date when it shall become effective. 
 If at any time: 
 (1) the Trustee shall fail to comply with the provisions of TIA Section 310(b) 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 11.04
and shall fail to resign 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 
 (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of
the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, (i) the Company, by
a Board Resolution or pursuant to an Officers’ Certificate, may remove the Trustee and appoint a successor Trustee with respect to all Securities, or (ii) subject to TIA Section 315(e), any Securityholder 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. 
 Upon its resignation or removal, any Trustee shall be entitled to the payment of reasonable compensation for the
services rendered hereunder by such Trustee and to the payment of all reasonable expenses incurred hereunder and all moneys then due to it hereunder. The Trustee’s rights to indemnification provided in Section 11.01(a) shall survive its
resignation or removal. 
 Section 11.06 Successor Trustee by Appointment. 
 (a) In case at any time the Trustee shall resign, or shall be removed (unless the Trustee shall be removed as provided in
Section 11.04(b), in which event the vacancy shall be filled as provided in said subdivision), or shall become incapable of acting, or shall be 

  

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adjudged bankrupt or insolvent, or if a receiver of the Trustee or of its property shall be appointed, or if 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 with respect to the Securities of one or more series, a successor Trustee 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 series) may be appointed by
the holders of a majority in principal amount of the Securities of that or those series then Outstanding, by an instrument or instruments in writing signed in duplicate by such holders and filed, one original thereof with the Company and the other
with the successor Trustee; but, until a successor Trustee shall have been so appointed by the holders of Securities of that or those series as herein authorized, the Company by a resolution of its Board of Directors, or, in case all or
substantially all the assets of the Company shall be in the possession of one or more custodians or receivers lawfully appointed, or of trustees in bankruptcy or reorganization proceedings (including a trustee or trustees appointed under the
provisions of the federal bankruptcy laws, as now or hereafter constituted), or of assignees for the benefit of creditors, such receivers, custodians, trustees or assignees, as the case may be, by an instrument in writing, shall appoint a successor
Trustee with respect to the Securities of such series. Subject to the provisions of Sections 11.04 and 11.05, upon the appointment as aforesaid of a successor Trustee with respect to the Securities of any series, the Trustee with respect to the
Securities of such series shall cease to be Trustee hereunder. After any such appointment other than by the holders of Securities of that or those series, the Person making such appointment shall forthwith cause notice thereof to be mailed to the
holders of Securities of such series at their addresses as the same shall then appear on the Register of the Company but any successor Trustee with respect to the Securities of such series so appointed shall, immediately and without further act, be
superseded by a successor Trustee appointed by the holders of Securities of such series in the manner above prescribed, if such appointment be made prior to the expiration of one year from the date of the mailing of such notice by the Company, or by
such receivers, trustees or assignees. 
 (b) If any Trustee with respect to the Securities of one or more series shall resign
because of conflicting interest as provided in Section 11.04(b) and a successor Trustee shall not have been appointed by the Company or by the holders of the Securities of such series or, if any successor Trustee so appointed shall not have
accepted its appointment within 30 days after such appointment shall have been made, the resigning Trustee at the expense of the Company may apply to any court of competent jurisdiction for the appointment of a successor Trustee. If in any other
case a successor Trustee shall not be appointed pursuant to the foregoing provisions of this Section 11.06 within three months after such appointment might have been made hereunder, the holder of any Security of the applicable series or any
retiring Trustee at the expense of the Company may apply to any court of competent jurisdiction to appoint a successor Trustee. Such court may thereupon, in any such case, after such notice, if any, as such court may deem proper and prescribe,
appoint a successor Trustee. 
 (c) Any successor Trustee appointed hereunder with respect to the Securities of one or more
series shall execute, acknowledge and deliver to its predecessor Trustee and to the Company, or to the receivers, trustees, assignees or court appointing it, as the case may be, an instrument accepting such appointment hereunder, and thereupon such
successor Trustee, without any further act, deed or conveyance, shall become vested with all the authority, 

  

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rights, powers, trusts, immunities, duties and obligations with respect to such series of such predecessor Trustee with like effect as if originally named as
Trustee hereunder, and such predecessor Trustee, upon payment of its charges and disbursements then unpaid, shall thereupon become obligated to pay over, and such successor Trustee shall be entitled to receive, all moneys and properties held by such
predecessor Trustee as Trustee hereunder. Nevertheless, on the written request of the Company or of the successor Trustee or of the holders of at least 10% in principal amount of the Securities of such series then Outstanding, such predecessor
Trustee, upon payment of its said charges and disbursements, shall execute and deliver an instrument transferring to such successor Trustee upon the trusts herein expressed all the rights, powers and trusts of such predecessor Trustee and shall
assign, transfer and deliver to the successor Trustee all moneys and properties held by such predecessor Trustee; and, upon request of any such successor Trustee and the Company shall make, execute, acknowledge and deliver any and all instruments in
writing for more fully and effectually vesting in and confirming to such successor Trustee all such authority, rights, powers, trusts, immunities, duties and obligations. 
 Section 11.07 Successor Trustee by Merger. Any corporation into which the Trustee or any successor to it in the trusts created by this Indenture shall be merged or converted, or any corporation with which it or
any successor to it shall be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee or any such successor to it shall be a party, or any corporation to which the Trustee or any successor to it
shall sell or otherwise transfer all or substantially all of the corporate trust business of the Trustee, shall be the successor Trustee under this Indenture without the execution or filing of any paper or any further act on the part of any of the
parties hereto; provided that such corporation shall be otherwise qualified and eligible under this Article. In case at the time such successor to the Trustee shall succeed to the trusts created by this Indenture with respect to one or more series
of Securities, any of such Securities shall have been authenticated but not delivered by the Trustee then in office, any successor to such Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Securities so
authenticated; and in case at that time any of the Securities shall not have been authenticated, any successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor Trustee;
and in all such cases such certificates shall have the full force which it is anywhere in the Securities or in this Indenture provided that the certificate of the Trustee shall have; provided, however, that the right to adopt the certificate of
authentication of any predecessor Trustee or authenticate Securities in the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. 
 Section 11.08 Right to Rely on Officers’ Certificate. Subject to Section 11.02, and subject to the provisions of Section 16.01 with
respect to the certificates required thereby, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action
hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence, bad faith or willful misconduct on the part of the Trustee, be deemed to be conclusively proved and established by
an Officers’ Certificate with respect thereto delivered to the Trustee, and such Officers’ Certificate, in the absence of negligence, bad faith or willful misconduct on the part of the Trustee, shall be full warrant to the Trustee for any
action taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof. 
  

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 Section 11.09 Appointment of Authenticating Agent. The Trustee may appoint an agent (the
“Authenticating Agent”) reasonably acceptable to the Company to authenticate the Securities, and the Trustee shall give written notice of such appointment to all holders of Securities of the series with respect to which such Authenticating
Agent will serve. Unless limited by the terms of such appointment, any such Authenticating Agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by
the Authenticating Agent. Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. 
 Each Authenticating Agent shall at all times be a corporation organized and doing business and in good standing 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 corporation publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Article XI, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Article
XI, it shall resign immediately in the manner and with the effect specified in this Article XI. 
 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 Article XI, without the execution or filing of any paper or any
further act on the part of the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written
notice thereof to the Trustee and to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of
resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 11.09, the Trustee may appoint a successor Authenticating Agent which shall be
acceptable to the Company and shall give written notice of such appointment to all holders of Securities of the series with respect to which such Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of its appointment
hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the
provisions of this Section 11.09. 
 The Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation
for its services under this Section 11.09, and the Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 11.01. 
  

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 Section 11.10 Communications by Securityholders with Other Securityholders. Holders of Securities
may communicate pursuant to Section 312(b) of the Trust Indenture Act with other holders with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of
Section 312(c) of the Trust Indenture Act with respect to such communications. 
 ARTICLE XII 
 SATISFACTION AND DISCHARGE; DEFEASANCE 
 Section 12.01 Applicability of Article. If, pursuant to Section 3.01, provision is made for the defeasance of Securities of a series and if the Securities of such series are Registered Securities and denominated and payable only
in U.S. Dollars (except as provided pursuant to Section 3.01), then the provisions of this Article shall be applicable except as otherwise specified pursuant to Section 3.01 for Securities of such series. Defeasance provisions, if any, for
Securities denominated in a Foreign Currency. 
 Section 12.02 Satisfaction and Discharge of Indenture. This Indenture, with respect
to the Securities of any series (if all series issued under this Indenture are not to be affected), shall, upon Company Request, cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of such
Securities herein expressly provided for and rights to receive payments of principal of and premium, if any, and interest on such Securities) and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction
and discharge of this Indenture, when, 
 (a) either: 
 (i) all Securities of such series theretofore authenticated and delivered (other than (A) Securities that have been destroyed, lost
or stolen and that have been replaced or paid as provided in Section 3.07 and (B) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the
Company or discharged from such trust, as provided in Section 6.03) have been delivered to the Trustee for cancellation; or 
 (ii) all Securities of such series not theretofore delivered to the Trustee for cancellation, 
 (A) have become due
and payable, or 
 (B) will become due and payable at their Stated Maturity within one year, or 
 (C) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice by the
Trustee in the name, and at the expense, of the Company, and the Company, in the case of (i), (ii) or (iii) above, has irrevocably deposited or caused to be deposited with the 

  

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Paying Agent as trust funds in trust for the purpose an amount in the Currency in which such Securities are denominated (except as otherwise provided
pursuant to Section 3.01) sufficient to pay and discharge the entire Indebtedness on such Securities for principal and premium, if any, and interest to the date of such deposit (in the case of Securities that have become due and payable) or to
the Stated Maturity or Redemption Date, as the case may be; provided, however, in the event a petition for relief under federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency or
other similar law, is filed with respect to the Company within 91 days after the deposit and the Trustee is required to return the moneys then on deposit with the Trustee to the Company, the obligations of the Company under this Indenture with
respect to such Securities shall not be deemed terminated or discharged; 
 (b) the Company has paid or caused to be paid all
other sums payable hereunder by the Company; and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate
and an Opinion of Counsel each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to such series have been complied with. Notwithstanding the satisfaction and discharge
of this Indenture, the obligations of the Company to the Trustee under Section 11.01 are, if money shall have been deposited with the Trustee pursuant to subclause (B) of clause (a)(i) of this Section, the obligations of the Trustee under
Section 12.07 and the last paragraph of Section 6.03(e) shall survive. 
 Section 12.03 Defeasance upon Deposit of Moneys or U.S
Government Obligations. At the Company’s option, either (a) the Company shall be deemed to have been Discharged (as defined below) from its obligations with respect to Securities of any series on the first day after the applicable
conditions set forth below have been satisfied or (b) the Company shall cease to be under any obligation to comply with any term, provision or condition set forth in Section 6.04 with respect to Securities of any series (and, if so
specified pursuant to Section 3.01, any other restrictive covenant added for the benefit of such series pursuant to Section 3.01) at any time after the applicable conditions set forth below have been satisfied: 
 (a) The Company shall have deposited or caused to be deposited irrevocably with the Trustee as trust funds in trust, specifically pledged
as security for, and dedicated solely to, the benefit of the holders of the Securities of such series (i) money in an amount, or (ii) U.S. Government Obligations (as defined below) that through the payment of interest and principal 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 (iii) a combination of (i) and (ii), sufficient to pay and discharge each installment of
principal (including any mandatory sinking fund payments) of and premium, if any, and interest on, the Outstanding Securities of such series on the dates such installments of interest or principal and premium are due; 
  

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 (b) No Event of Default or event (including such deposit) that, with notice or lapse of
time, or both, would become an Event of Default with respect to the Securities of such series shall have occurred and be continuing on the date of such deposit; and 
 (c) The Company shall have delivered to the Trustee an Opinion of Counsel to the effect that holders of the Securities of such series will
not recognize income, gain or loss for U.S. federal income tax purposes as a result of the Company’s exercise of its option under this Section and will be subject to federal income tax on the same amounts and in the same manner and at the same
times as would have been the case if such action had not been exercised and, in the case of the Securities of such series being Discharged accompanied by a ruling to that effect received from or published by the Internal Revenue Service. 

“Discharged” means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by, and obligations
under, the Securities of such series and to have satisfied all the obligations under this Indenture relating to the Securities of such series (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same),
except (A) the rights of holders of Securities of such series to receive, from the trust fund described in clause (a) above, payment of the principal of and premium, if any, and interest on such Securities when such payments are due,
(B) the Company’s obligations with respect to Securities of such series under Sections 3.04, 3.06, 3.07, 6.02, 12.06 and 12.07 and (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder. 
 “U.S. Government Obligations” means securities that are (i) direct obligations of the United States for the payment of which its full
faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States the timely of payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States, that, in either case under clauses (i) or (ii) are not callable or redeemable at the action of the issuer thereof, and shall also include a depositary receipt issued by a bank or trust company as custodian
with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depositary receipt; provided that (except as
required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment
of interest on or principal of the U.S. Government Obligation evidenced by such depositary receipt. 
 Section 12.04 Repayment to
Company. The Trustee and any Paying Agent shall promptly pay to the Company (or to its designee) upon Company Request any excess moneys or U.S. Government Obligations held by them at any time, including any such moneys or obligations held by the
Trustee under any escrow trust agreement entered into pursuant to Section 12.06. The provisions of the last paragraph of Section 6.03 shall apply to any money held by the Trustee or any Paying Agent under this Article that remains
unclaimed for two years after the Maturity of any series of Securities for which money or U.S. Government Obligations have been deposited pursuant to Section 12.03. 
 Section 12.05 Indemnity for U.S. Government Obligations. The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against 

  

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the deposited U.S. Government Obligations or the principal or interest received on such U.S. Government Obligations. 
 Section 12.06 Deposits to Be Held in Escrow. Any deposits with the Trustee referred to in Section 12.03 above shall be irrevocable (except to
the extent provided in Sections 12.04 and 12.07) and shall be made under the terms of an escrow trust agreement in form and substance satisfactory to the Trustee. If any Outstanding Securities of a series are to be redeemed prior to their Stated
Maturity, whether pursuant to any optional redemption provisions or in accordance with any mandatory or optional sinking fund requirement, the applicable escrow trust agreement shall provide therefor and the Company shall make such arrangements as
are satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company. The agreement shall provide that, upon satisfaction of any mandatory sinking fund payment requirements, whether by
deposit of moneys, application of proceeds of deposited U.S. Government Obligations or, if permitted, by delivery of Securities, the Trustee shall pay or deliver over to the Company as excess moneys pursuant to Section 12.04 all funds or
obligations then held under the agreement and allocable to the sinking fund payment requirements so satisfied. 
 If Securities of a series
with respect to which such deposits are made may be subject to later redemption at the option of the Company or pursuant to optional sinking fund payments, the applicable escrow trust agreement may, at the option of the Company, provide therefor. In
the case of an optional redemption in whole or in part, such agreement shall require the Company to deposit with the Trustee on or before the date notice of redemption is given funds sufficient to pay the Redemption Price of the Securities to be
redeemed together with all unpaid interest thereon to the Redemption Date. Upon such deposit of funds, the Trustee shall pay or deliver over to the Company as excess funds pursuant to Section 12.04 all funds or obligations then held under such
agreement and allocable to the Securities to be redeemed. In the case of exercise of optional sinking fund payment rights by the Company, such agreement shall, at the option of the Company, provide that upon deposit by the Company with the Trustee
of funds pursuant to such exercise the Trustee shall pay or deliver over to the Company as excess funds pursuant to Section 12.04 all funds or obligations then held under such agreement for such series and allocable to the Securities to be
redeemed. 
 Section 12.07 Application of Trust Money. 
 (a) Neither the Trustee nor any other paying agent shall be required to pay interest on any moneys deposited pursuant to the provisions of
this Indenture, except such as it shall agree with the Company to pay thereon. Any moneys so deposited for the payment of the principal of, or premium, if any, or interest on the Securities of any series and remaining unclaimed for two years after
the date of the maturity of the Securities of such series or the date fixed for the redemption of all the Securities of such series at the time outstanding, as the case may be, shall be repaid by the Trustee or such other paying agent to the Company
upon its written request and thereafter, anything in this Indenture to the contrary notwithstanding, any rights of the holders of Securities of such series in respect of which such moneys shall have been deposited shall be enforceable only against
the Company, and all liability of the Trustee or such other paying agent with respect to such moneys shall thereafter cease. 
  

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 (b) Subject to the provisions of the foregoing paragraph, any moneys which at any time
shall be deposited by the Company or on its behalf with the Trustee or any other paying agent for the purpose of paying the principal of, premium, if any, and interest on any of the Securities shall be and are hereby assigned, transferred and set
over to the Trustee or such other paying agent in trust for the respective holders of the Securities for the purpose for which such moneys shall have been deposited; but such moneys need not be segregated from other funds except to the extent
required by law. 
 Section 12.08 Deposits of Non-U.S. Currencies. Notwithstanding the foregoing provisions of this Article, if the
Securities of any series are payable in a Currency other than U.S. Dollars, the Currency or the nature of the government obligations to be deposited with the Trustee under the foregoing provisions of this Article shall be as set forth in the
Officers’ Certificate or established in the supplemental indenture under which the Securities of such series are issued. 
 ARTICLE
XIII 
 IMMUNITY OF CERTAIN PERSONS 
 Section 13.01 No Personal Liability. No recourse shall be had for the payment of the principal of, or the premium, if any, or interest on, any Security or for any claim based thereon or otherwise in respect
thereof or of the Indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor
corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed
and understood that this Indenture and the Securities are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any incorporator, stockholder, officer or director, as such, past, present or
future, of the Company or of any successor corporation, either directly or through the Company or any successor corporation, because of the incurring of the Indebtedness hereby authorized or under or by reason of any of the obligations, covenants,
promises or agreements contained in this Indenture or in any of the Securities, or to be implied herefrom or therefrom, and that all liability, if any, of that character against every such incorporator, stockholder, officer and director is, by the
acceptance of the Securities and as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of the Securities expressly waived and released. 
 ARTICLE XIV 
 SUPPLEMENTAL INDENTURES 
 Section 14.01 Without Consent of Securityholders. The Company (when authorized by resolution of its Board of Directors) 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 one or more of or all the following purposes: 
 (a) to add to the covenants and agreements of the Company, to be observed thereafter and during the period, if any, in such supplemental
indenture or indentures expressed, and to add Events of Default, in each case for the protection or benefit of the holders of all or any series of the Securities (and if such covenants, agreements and Events of Default are to be for the benefit of
fewer than all series of Securities, stating that such covenants, agreements and Events of Default are expressly being included for the benefit of such series as shall be identified therein), or to surrender any right or power herein conferred upon
the Company; 
  

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 (b) to delete or modify any Events of Default with respect to all or any series of the
Securities, the form and terms of which are being established pursuant to such supplemental indenture as permitted in Section 3.01 (and, if any such Event of Default is applicable to fewer than all such series of the Securities, specifying the
series to which such Event of Default is applicable), and to specify the rights and remedies of the Trustee and the holders of such Securities in connection therewith; 
 (c) to add to or change any of the provisions of this Indenture to provide to change or eliminate any restrictions on the payment of
principal of or premium, if any, on Registered Securities; provided that any such action shall not adversely affect the interests of the holders of Securities of any series in any material respect, or to permit or facilitate the issue of Securities
of any series in uncertificated form; 
 (d) to change or eliminate any of the provisions of this Indenture; provided that any
such change or elimination shall become effective only when there is no Outstanding Security of any series created prior to the execution of such supplemental indenture that is entitled to the benefit of such provision and as to which such
supplemental indenture would apply; 
 (e) to evidence the succession of another corporation to the Company, or successive
successions, and the assumption by such successor of the covenants and obligations of the Company contained in the Securities of one or more series and in this Indenture or any supplemental indenture; 
 (f) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to one or more series of
Securities and to add to or change any of the provisions of this Indenture as shall be necessary for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 11.06(c);

 (g) to secure any series of Securities; 
 (h) to evidence any changes to this Indenture pursuant to Sections 11.05, 11.06 or 11.07 hereof as permitted by the terms thereof;

 (i) to cure any ambiguity or to correct or supplement any provision contained herein or in any indenture supplemental
hereto which may be defective or inconsistent with any other provision contained herein or in any supplemental indenture; 
 (j) to add to or change or eliminate any provision of this Indenture as shall be necessary or desirable in accordance with any amendments to the Trust Indenture Act, 

  

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provided such action shall not adversely affect the interests of the holders of the Securities of any series in any material respects; 
 (k) to add guarantors or co-obligors with respect to any series of Securities; 
 (l) to make any change in any series of Securities that does not adversely affect in any material respect the interests of the holders of
such Securities; 
 (m) to prohibit the authentication and delivery of additional series of Securities; or 
 (n) to establish the form and terms of Securities of any series as permitted in Section 3.01, or to authorize the issuance of
additional Securities of a series previously authorized or to add to the conditions, limitations or restrictions on the authorized amount, terms or purposes of issue, authentication or delivery of the Securities of any series, as herein set forth,
or other conditions, limitations or restrictions thereafter to be observed. 
 Subject to the provisions of Section 14.03, the Trustee
is authorized to join with the Company in the execution of any such supplemental indenture, to make the further agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any
property or assets thereunder. 
 Any supplemental indenture authorized by the provisions of this Section 14.01 may be executed by the
Company and the Trustee without the consent of the holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 14.02. 
 Section 14.02 With Consent of Securityholders; Limitations. 
 (a) With the consent
(evidenced as provided in Article VIII) of the holders of a majority in aggregate principal amount of the Outstanding Securities of each series affected by such supplemental indenture voting separately, the Company (when authorized by a resolution
of the Board of Directors) and the Trustee may, from time to time and at any time, enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any provisions of this
Indenture or of modifying in any manner the rights of the holders of the Securities of such series to be affected; provided, however, that no such supplemental indenture shall, without the consent of the holder of each Outstanding Security of each
such series affected thereby, 
 (i) extend the Stated Maturity of the principal of, or any installment of interest on, any
Security, or reduce the principal amount thereof or the interest thereon or any premium payable upon redemption thereof, or extend the Stated Maturity of, or change the Currency in which the principal of and premium, if any, or interest on such
Security is denominated or payable, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 7.02, or impair the
right to institute suit for the enforcement of any payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or materially adversely affect the economic 

  

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terms of any right to convert or exchange any Security as may be provided pursuant to Section 3.01(r); or 
 (ii) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose holders is required for
any 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 
 (iii) modify any of the provisions of this Section, Section 7.06 or Section 6.08, 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 6.07, or the deletion of this proviso, in accordance with the requirements of Sections 11.06 and 14.01(f); or

 (iv) modify, without the written consent of the Trustee, the rights, duties or immunities of the Trustee. 
 (b) A supplemental indenture that changes or eliminates any provision of this Indenture which has expressly been included solely for the
benefit of one or more particular series of Securities or which modifies the rights of the holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the
holders of Securities of any other series. 
 (c) It shall not be necessary for the consent of the Securityholders under this
Section 14.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
 (d) The Company may set a record date for purposes of determining the identity of the holders of each series of Securities entitled to
give a written consent or waive compliance by the Company as authorized or permitted by this Section. Such record date shall not be more than 30 days prior to the first solicitation of such consent or waiver or the date of the most recent list of
holders furnished to the Trustee prior to such solicitation pursuant to Section 312 of the Trust Indenture Act. 
 (e)
Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section 14.02, the Company shall mail a notice, setting forth in general terms the substance of such supplemental
indenture, to the holders of Securities at their addresses as the same shall then appear in the Register of the Company. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the
validity of any such supplemental indenture. 
 Section 14.03 Trustee Protected. Upon the request of the Company, accompanied by the
Officers’ Certificate and Opinion of Counsel required by Section 16.01 and by: 
 (a) a supplemental indenture duly
executed on behalf of the Company; 
  

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 (b) a copy of a resolution of the Board of Directors of the Company, certified by the
Secretary or an Assistant Secretary of the Company and a copy of an Officers’ Certificate of the Company, authorizing the execution of said supplemental indenture; 
 (c) an Opinion of Counsel, stating that said supplemental indenture complies with, and that the execution thereof is authorized or
permitted by, the provisions of this Indenture; and 
 (d) if said supplemental indenture shall be executed pursuant to
Section 14.02, evidence (as provided in Article VIII) of the consent thereto of the Securityholders required to consent thereto as in Section 14.02 provided, the Trustee shall join with the Company in the execution of said supplemental
indenture unless said supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into said supplemental
indenture. 
 Section 14.04 Effect of Execution of Supplemental Indenture. Upon the execution of any supplemental indenture pursuant
to the provisions of this Article XIV, this Indenture shall be deemed to be modified and amended in accordance therewith and, except as herein otherwise expressly provided, the respective rights, limitations of rights, obligations, duties and
immunities under this Indenture of the Trustee, the Company and the holders of all of the Securities or of the Securities of any series affected, as the case may be, shall thereafter be determined, exercised and enforced hereunder subject in all
respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
 Section 14.05 Notation on or Exchange of Securities. Securities of any series authenticated and delivered after the execution of any supplemental
indenture pursuant to the provisions of this Article may bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company or the Trustee shall so determine, new Securities so modified as to
conform, in the opinion of the Trustee and the Board of Directors of the Company, to any modification of this Indenture contained in any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the
Trustee in exchange for the Securities then Outstanding in equal aggregate principal amounts, and such exchange shall be made without cost to the holders of the Securities. 
 Section 14.06 Conformity with TIA. Every supplemental indenture executed pursuant to the provisions of this Article shall conform to the
requirements of the Trust Indenture Act as then in effect. 
 ARTICLE XV 
 SUBORDINATION OF SECURITIES 
 Section 15.01 Agreement to
Subordinate. In the event a series of Securities is designated as subordinated pursuant to Section 3.01(s), and except as otherwise provided in Board Resolutions or a supplemental indenture, the Company, for itself, its successors and
assigns, 

  

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covenants and agrees, and each holder of Securities of such series by his, her or its acceptance thereof, likewise covenants and agrees, that the payment of
the principal of (and premium, if any) and interest, if any, on each and all of the Securities of such series is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full
of all Senior Indebtedness. In the event a series of Securities is not designated as subordinated pursuant to Section 3.01(s), this Article XV shall have no effect upon the Securities. 
 Section 15.02 Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Securities. Subject to Section 15.01, upon any
distribution of assets of the Company upon any dissolution, winding up, liquidation or reorganization of the Company, whether in bankruptcy, insolvency, reorganization or receivership proceedings or upon an assignment for the benefit of creditors or
any other marshalling of the assets and liabilities of the Company or otherwise (subject to the power of a court of competent jurisdiction to make other equitable provision reflecting the rights conferred in this Indenture upon the Senior
Indebtedness and the holders thereof with respect to the Securities and the holders thereof by a lawful plan of reorganization under applicable bankruptcy law): 
 (a) the holders of all Senior Indebtedness shall be entitled to receive payment in full of the principal thereof (and premium, if any) and
interest due thereon before the holders of the Securities are entitled to receive any payment upon the principal (or premium, if any) or interest, if any, on Indebtedness evidenced by the Securities; and 
 (b) any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to which the
holders of the Securities or the Trustee would be entitled except for the provisions of this Article XV shall be paid by the liquidation trustee or agent or other person making such payment or distribution, whether a trustee in bankruptcy, a
receiver or liquidating trustee or otherwise, directly to the holders of Senior Indebtedness or their representative or representatives or to the trustee or trustees under any indenture under which any instruments evidencing any of such Senior
Indebtedness may have been issued, ratably according to the aggregate amounts remaining unpaid on account of the principal of (and premium, if any) and interest on the Senior Indebtedness held or represented by each, to the extent necessary to make
payment in full of all Senior Indebtedness remaining unpaid, after giving effect to any concurrent payment or distribution to the holders of such Senior Indebtedness; and 
 (c) in the event that, notwithstanding the foregoing, any payment or distribution of assets of the Company of any kind or character,
whether in cash, property or securities, shall be received by the Trustee or the holders of the Securities before all Senior Indebtedness is paid in full, such payment or distribution shall be paid over, upon written notice to a Responsible Officer
of the Trustee, to the holder of such Senior Indebtedness or his, her or its representative or representatives or to the trustee or trustees under any indenture under which any instrument evidencing any of such Senior Indebtedness may have been
issued, ratably as aforesaid, for application to payment of all Senior Indebtedness remaining unpaid until all such Senior Indebtedness shall have been paid in full, after giving effect to any concurrent payment or distribution to the holders of
such Senior Indebtedness. 
  

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 Subject to the payment in full of all Senior Indebtedness, the holders of the Securities shall be subrogated to the
rights of the holders of Senior Indebtedness (to the extent that distributions otherwise payable to such holder have been applied to the payment of Senior Indebtedness) to receive payments or distributions of cash, property or securities of the
Company applicable to Senior Indebtedness until the principal of (and premium, if any) and interest, if any, on the Securities shall be paid in full and no such payments or distributions to the holders of the Securities of cash, property or
securities otherwise distributable to the holders of Senior Indebtedness shall, as between the Company, its creditors other than the holders of Senior Indebtedness, and the holders of the Securities be deemed to be a payment by the Company to or on
account of the Securities. It is understood that the provisions of this Article XV 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 the Senior
Indebtedness, on the other hand. Nothing contained in this Article XV or elsewhere in this Indenture or in the Securities is intended to or shall impair, as between the Company, its creditors other than the holders of Senior Indebtedness, and the
holders of the Securities, the obligation of the Company, which is unconditional and absolute, to pay to the holders of the Securities the principal of (and premium, if any) and interest, if any, on the Securities as and when the same shall become
due and payable in accordance with their terms, or to affect the relative rights of the holders of the Securities and creditors of the Company other than the holders of Senior Indebtedness, nor shall anything herein or in the Securities 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 XV of the holders of Senior Indebtedness in respect of
cash, property or securities of the Company received upon the exercise of any such remedy. Upon any payment or distribution of assets of the Company referred to in this Article XV, the Trustee, subject to the provisions of Section 15.05, shall
be entitled to rely upon a certificate of the liquidating trustee or agent or other person making any distribution to the Trustee for the purpose of ascertaining the Persons entitled to participate in such distribution, the holders of Senior
Indebtedness and other Indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereof and all other facts pertinent thereto or to this Article XV. 
 With respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or observe only such of its covenants and objectives as are specifically set forth
in this Indenture, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee, however, shall not be deemed to owe any fiduciary duty to the holders
of Senior Indebtedness. The Trustee shall not be liable to any such holder if it shall pay over or distribute to or on behalf of holders of Securities or the Company, or any other Person, moneys or assets to which any holder of Senior Indebtedness
shall be entitled by virtue of this Article XV. 
 Section 15.03 No Payment on Securities in Event of Default on Senior Indebtedness.
Subject to Section 15.01, no payment by the Company on account of principal (or premium, if any), sinking funds or interest, if any, on the Securities shall be made at anytime if: (i) a default on Senior Indebtedness exists that permits
the holders of such Senior Indebtedness to accelerate its maturity and (ii) the default is the subject of judicial proceedings or the Company has received notice of such default. The Company may resume payments on the Securities when full
payment of amounts then due for principal (premium, if any), sinking funds and interest on Senior Indebtedness has been made or duly provided for in money or money’s worth. 
  

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 Section 15.04 Payments on Securities Permitted. Subject to Section 15.01, nothing contained
in this Indenture or in any of the Securities shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 15.02 and 15.03, payments of principal of (or premium, if any)
or interest, if any, on the Securities or (b) prevent the application by the Trustee of any moneys or assets deposited with it hereunder to the payment of or on account of the principal of (or premium, if any) or interest, if any, on the
Securities, unless a Responsible Officer of the Trustee shall have received at its Corporate Trust Office written notice of any fact prohibiting the making of such payment from the Company or from the holder of any Senior Indebtedness or from the
trustee for any such holder, together with proof satisfactory to the Trustee of such holding of Senior Indebtedness or of the authority of such trustee more than two Business Days prior to the date fixed for such payment. 
 Section 15.05 Authorization of Securityholders to Trustee to Effect Subordination. Subject to Section 15.01, each holder of Securities by his
acceptance thereof authorizes and directs the Trustee on his, her or its behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article XV and appoints the Trustee his attorney-in-fact for
any and all such purposes. 
 Section 15.06 Notices to Trustee. Subject to Section 15.01, notwithstanding the provisions of this
Article XV or any other provisions of this Indenture, neither the Trustee nor any Paying Agent (other than the Company) shall be charged with knowledge of the existence of any Senior Indebtedness or of any fact which would prohibit the making of any
payment of moneys or assets to or by the Trustee or such Paying Agent, unless and until a Responsible Officer of the Trustee or such Paying Agent shall have received (in the case of a Responsible Officer of the Trustee, at the Corporate Trust Office
of the Trustee) written notice thereof from the Company or from the holder of any Senior Indebtedness or from the trustee for any such holder, together with proof satisfactory to the Trustee of such holding of Senior Indebtedness or of the authority
of such trustee and, prior to the receipt of any such written notice, the Trustee shall be entitled in all respects conclusively to presume that no such facts exist; provided, however, that if at least two Business Days prior to the date upon which
by the terms hereof any such moneys or assets may become payable for any purpose (including, without limitation, the payment of either the principal (or premium, if any) or interest, if any, on any Security) a Responsible Officer of the Trustee
shall not have received with respect to such moneys or assets the notice provided for in this Section 15.06, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such moneys
or assets and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received by it within two Business Days prior to such date. 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 Indebtedness (or a trustee on behalf of such holder) to establish that such a notice has been given by a holder of Senior Indebtedness or a trustee on
behalf of any such holder. 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 Indebtedness to participate in any payment or distribution pursuant to
this Article XV, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness 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 

  

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Person under this Article XV 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. 
 Section 15.07 Trustee as Holder of Senior Indebtedness. Subject to
Section 15.01, the Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XV in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness
and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article XV shall apply to claims of, or payments to, the Trustee under or pursuant to Sections 7.05 or 11.01. 
 Section 15.08 Modifications of Terms of Senior Indebtedness. Subject to Section 15.01, any renewal or extension of the time of payment of any
Senior Indebtedness or the exercise by the holders of Senior Indebtedness of any of their rights under any instrument creating or evidencing Senior Indebtedness, including, without limitation, the waiver of default thereunder, may be made or done
all without notice to or assent from the holders of the Securities or the Trustee. No compromise, alteration, amendment, modification, extension, renewal or other change of, or waiver, consent or other action in respect of, any liability or
obligation under or in respect of, or of any of the terms, covenants or conditions of any indenture or other instrument under which any Senior Indebtedness is outstanding or of such Senior Indebtedness, whether or not such release is in accordance
with the provisions of any applicable document, shall in any way alter or affect any of the provisions of this Article XV or of the Securities relating to the subordination thereof. 
 Section 15.09 Reliance on Judicial Order or Certificate of Liquidating Agent. Subject to Section 15.01, upon any payment or distribution of
assets of the Company referred to in this Article XV, the Trustee 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, liquidating trustee, custodian, receiver, 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 to holders of Senior Indebtedness 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 XV. 
 Section 15.10 Satisfaction and Discharge; Defeasance and Covenant Defeasance. Subject to Section 15.01, amounts and U.S. Government
Obligations deposited in trust with the Trustee pursuant to and in accordance with Article XII and not, at the time of such deposit, prohibited to be deposited under Sections 15.02 or 15.03 shall not be subject to this Article XV. 
  

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 ARTICLE XVI 
 MISCELLANEOUS PROVISIONS 
 Section 16.01 Certificates and Opinions as to Conditions
Precedent. 
 (a) Upon any request or application by the Company to the Trustee to take any action under any of the
provisions of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion
of Counsel stating that in the opinion of such counsel all such conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing of such document is specifically required by any
provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished. 
 (b) Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant provided for in this Indenture (other than the certificates provided
pursuant to Section 6.05 of this Indenture) shall include (i) a statement that the Person making giving such certificate or opinion has read such covenant or condition; (ii) 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; (iii) a statement that, in the view or opinion of such Person, he or she has made such examination or investigation as is
necessary to enable such Person to express an informed view or opinion as to whether or not such covenant or condition has been complied with; and (iv) a statement as to whether or not, in the view or opinion of such Person, such condition or
covenant has been complied with. 
 (c) Any certificate, statement or opinion of an officer of the Company may be based,
insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect
to the matters upon which his or her certificate, statement or opinion is based are erroneous. Any certificate, statement or opinion of counsel may be based, insofar as it relates to factual matters, upon a certificate, statement or opinion of, or
representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that the
certificate, statement or opinion or representations with respect to such matters are erroneous. 
 (d) Any certificate,
statement or opinion of an officer of the Company or of counsel to the Company may be based, insofar as it relates to accounting matters, upon a certificate or opinion of, or representations by, an accountant or firm of accountants, unless such
officer or counsel, as the case may be, knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the accounting matters upon which his or her certificate, statement or opinion may
be based are erroneous. Any certificate or opinion of any firm of independent registered public accountants filed with the Trustee shall contain a statement that such firm is independent. 
 (e) 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. 
  

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 (f) 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 16.02 Trust Indenture Act Controls. If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by, or another provision included in this Indenture
which is required to be included in this Indenture by any of the provisions of Sections 310 to 318, inclusive, of the Trust Indenture Act, such imposed duties or incorporated provision shall control. 
 Section 16.03 What Constitutes Action by Board of Directors. Whenever action is required by this Indenture by the Board of Directors of the
Company and there is at the time constituted a committee of the Board of Directors duly authorized to take such action, or a committee of officers or other representatives of the Company so authorized by the Board of Directors, such action by such a
committee shall be deemed to be the action of the Board of Directors and shall be sufficient for all purposes of this Indenture where action by the Board of Directors is specified. 
 Section 16.04 Notices to the Company and Trustee. Any notice or demand authorized by this Indenture to be made upon, given or furnished to, or
filed with, the Company or the Trustee shall be sufficiently made, given, furnished or filed for all purposes if it shall be mailed, delivered or telefaxed to: 
 (a) the Company, at 787 Seventh Avenue, 11th Floor, New York, New York 10019, Attention: Douglas W. Hammond, Esq., Executive Vice
President and General Counsel, fax: (212) 301-4001, or at such other address or facsimile number as may have been furnished in writing to the Trustee by the Company. 
 (b) the Trustee, at the Corporate Trust Office of the Trustee, Attention: National Financial Partners Corp. Administrator. 
 Any such notice, demand or other document shall be in the English language. 
 Section 16.05 Notices to Securityholders; Waiver. Any notice required or permitted to be given to Securityholders shall be sufficiently given (unless otherwise herein expressly provided), 
 (a) if to Registered Holders, if given in writing by first class mail, postage prepaid, to such holders at their addresses as the same
shall appear on the Register of the Company. 
 (b) In the event of suspension of regular mail service or by reason of any
other cause it shall be impracticable to give notice by mail, then such notification as shall be given with the approval of the Trustee shall constitute sufficient notice for every purpose hereunder. 
 (c) Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the 

  

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event, and such waiver shall be the equivalent of such notice. Waivers of notice by holders shall be filed with the Trustee, but such filing shall not be a
condition precedent to the validity of any action taken in reliance on such waiver. In any case where notice to holders is given by mail; neither the failure to mail such notice nor any defect in any notice so mailed to any particular holder shall
affect the sufficiency of such notice with respect to other holders, and any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given. In any case where notice to holders is given by publication, any
defect in any notice so published as to any particular holder shall not affect the sufficiency of such notice with respect to other holders, and any notice that is published in the manner herein provided shall be conclusively presumed to have been
duly given. 
 Section 16.06 Legal Holiday. Unless otherwise specified pursuant to Section 3.01, in any case where any Interest
Payment Date, Redemption Date or Maturity of any Security of any series shall not be a Business Day at any Place of Payment for the Securities of that series, then payment of principal and premium, if any, or interest 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 such Interest Payment Date, Redemption Date or Maturity and no interest shall accrue on such payment
for the period from and after such Interest Payment Date, Redemption Date or Maturity, as the case may be, to such Business Day if such payment is made or duly provided for on such Business Day. 
 Section 16.07 Effects 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 16.08 Successors and Assigns. All covenants and agreements in this
Indenture by the parties hereto shall bind their respective successors and assigns and inure to the benefit of their permitted successors and assigns, whether so expressed or not. 
 Section 16.09 Separability Clause. In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 16.10
Benefits of Indenture. Nothing in this Indenture expressed and nothing that may be implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or to give to, any Person or corporation other than the parties
hereto and their successors and the holders of the Securities any benefit or any right, remedy or claim under or by reason of this Indenture or any covenant, condition, stipulation, promise or agreement hereof, and all covenants, conditions,
stipulations, promises and agreements in this Indenture contained shall be for the sole and exclusive benefit of the parties hereto and their successors and of the holders of the Securities. 
 Section 16.11 Counterparts Originals. This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to
be an original, but all such counterparts shall together constitute but one and the same instrument. 
  

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 Section 16.12 Governing Law. This Indenture and the Securities shall be deemed to be contracts
made under the law of the State of New York, and for all purposes shall be governed by and construed in accordance with the law of said State. 
  

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

			
	NATIONAL FINANCIAL PARTNERS CORP.,
	as Issuer
		
	 By:
	 	/s/ Stephanie Scherr Olson
	 Name:
	 	Stephanie Scherr Olson
	 Title:
	 	Senior Vice President and Associate General Counsel
	
	WELLS FARGO BANK, NATIONAL
	 ASSOCIATION, as Trustee

		
	 By:
	 	/s/ Jane Y. Schweiger
	 Name:
	 	Jane Y. Schweiger
	 Title:
	 	Vice PresidentUnderwriting Agreement, dated as of January 17, 2007...Banc of America Sec.

 Exhibit 10.1 
 National Financial Partners Corp. 
 Common Stock, par value $0.10 per share 
  

 Underwriting Agreement

 January 17, 2007 
 Goldman,
Sachs & Co. 
 85 Broad Street 
 New York, New York 10004

 Banc of America Securities LLC 
 9 West 57th Street

 New York, New York 10019 
 As representatives
of the several underwriters 
 named in Schedule I hereto (the “Underwriters”), 
 Ladies and Gentlemen: 
 The stockholders of National
Financial Partners Corp., a Delaware corporation (the “Company”), named in Schedule II hereto (the “Selling Stockholders”), propose, subject to the terms and conditions stated herein, to sell to the Underwriters an aggregate of
1,608,849 shares (the “Firm Shares”) and, at the election of the Underwriters, up to 241,256 additional shares (the “Optional Shares”) of Common Stock, par value $0.10 per share, of the Company (the “Stock”). The Firm
Shares and the Optional Shares that the Underwriters elect to purchase pursuant to Section 2 hereof are herein collectively called the “Shares”). 
 It is understood and agreed that Goldman, Sachs & Co. and Banc of America Securities LLC (the “Representatives”) are joint book-running managers for the offering of the Shares contemplated hereby
and any determinations or other actions to be made under this Agreement by the Representatives shall require the concurrence of each of the Representatives. 
 1. (a) The Company represents and warrants to, and agrees with, the Underwriters that: 
 (i)
An automatic shelf registration statement on Form S-3 (File No. 333-134915), including the preliminary prospectus or prospectuses relating to the registration of certain securities described therein, including the Shares (such registration
statement, including the amendments thereto that relate to the Shares, the exhibits and any schedules thereto, if any, and the documents incorporated by reference therein pursuant to Item 12 of Form S-3 under the Securities Act of 1933, as
amended (the “Act”), at the time it became effective and including the Rule 430B Information (as defined below) is herein called the “Registration Statement”; no stop order suspending the effectiveness of the Registration 

 
Statement or any post-effective amendment thereto has been issued and no proceeding for that purpose has been initiated or threatened by the Commission (the
Base Prospectus (as defined herein) as amended and supplemented by any preliminary prospectus supplement) relating to the Shares filed with the Commission pursuant to Rule 424(b) under the Act is hereinafter called a “Preliminary
Prospectus”); 
 (ii) The Company will file with the Commission pursuant to Rule 430B (“Rule 430B”) and
paragraph (b) of Rule 424 (“Rule 424(b)”) under the Act a supplement or supplements to the form of prospectus included in the Registration Statement relating to the Shares and the plan of distribution for the Shares (the information
included in such prospectus that was omitted from such registration statement at the time it became effective but that is deemed to be part of and included in such Registration Statement pursuant to Rule 430B is referred to as “Rule 430B
Information”; the prospectus in the form in which it currently appears in the Registration Statement is hereinafter called the “Base Prospectus,” and such supplemented form of prospectus relating to the Shares, in the form in which it
shall first be filed with the Commission pursuant to Rule 424(b) under the Act (including the Base Prospectus as so supplemented), is hereinafter called the “Prospectus”; “free writing prospectus” means a free writing prospectus,
if any, as defined under Rule 405 under the Act that constitutes an offer to sell or a solicitation of an offer to buy the Shares; “Issuer Free Writing Prospectus” means any issuer free writing prospectus, as defined in Rule 433 under the
Act; the “Applicable Time of Sale” is 7:00 a.m. New York time on the next business day following the date of this Agreement; and “Time of Sale Prospectus” means (i) the Preliminary Prospectus, as amended or supplemented
immediately prior to the Applicable Time of Sale and (ii) the Issuer Free Writing Prospectuses, if any, each identified in Schedule IV(a) hereto, all considered together; and any reference herein to the Registration Statement, the Base
Prospectus, the Preliminary Prospectus, the Time of Sale Prospectus or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item 12 of Form S-3 which were filed under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise deemed under the Act to be a part of or included therein; and any reference herein to the terms “amend,” “amendment” or “supplement” with
respect to the Registration Statement, the Preliminary Prospectus, the Prospectus, the Base Prospectus, the Time of Sale Prospectus or any Issuer Free Writing Prospectus shall be deemed to refer to and include any document filed under the Exchange
Act after the date of this Agreement, or the issue date of the Base Prospectus or the Prospectus, as the case may be, deemed to be incorporated therein by reference or otherwise deemed under the Act to be a part of or included therein); 

(iii) No order preventing or suspending the use of any Preliminary Prospectus and the Time of Sale Prospectus, the Prospectus or any
Issuer Free Writing Prospectus has been issued and no proceeding for that purpose has been initiated or threatened by the Commission; 
  

 2 

 (iv) The Registration Statement and any Preliminary Prospectus conform, and the
Prospectus and any further amendments or supplements to the Registration Statement and the Prospectus will conform, in all material respects to the applicable requirements of the Act and the rules and regulations of the Commission thereunder and do
not and will not, as of the applicable effective date as to the Registration Statement and any amendment thereto and as of the applicable filing date as to the Prospectus and any amendment or supplement thereto, contain an untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however, that this representation and warranty shall not apply to any statements or
omissions made in reliance upon and in conformity with information furnished in writing to the Company by an Underwriter through the Representatives expressly for use therein or by a Selling Stockholder expressly for use therein; 
 (v) The Time of Sale Prospectus did not, at the Applicable Time of Sale, contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon and
in conformity with information furnished in writing to the Company by an Underwriter through the Representatives expressly for use therein or by a Selling Stockholder expressly for use therein; 
 (vi) Each Issuer Free Writing Prospectus listed on Schedule IV(b) hereto does not conflict with the information contained in the
Registration Statement, the Time of Sale Prospectus or the Prospectus. Each such Issuer Free Writing Prospectus, when considered together with the Time of Sale Prospectus as of the Applicable Time of Sale, did not include any untrue statement of a
material fact or omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. The foregoing sentence does not apply to statements in or omissions from the
Issuer Free Writing Prospectus based upon and in conformity with written information furnished to the Company by an Underwriter through the Representatives specifically for use therein or by a Selling Stockholder expressly for use therein;

 (vii)(A) (i) At the time of filing the Registration Statement and (ii) at the time of the most recent amendment
thereto for the purposes of complying with Section 10(a)(3) of the Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section 13 or 15(d) of the Exchange Act or form of prospectus), the
Company was a “well-known seasoned issuer” as defined in Rule 405 under the Act; and (B) at the earliest time after the filing of the Registration Statement that the Company or another offering participant made a bona fide offer
(within the meaning of Rule 164(h)(2) under the Act) of the Shares, the Company was not an “ineligible issuer” as defined in Rule 405 under the Act; 
  

 3 

 (viii) Neither the Company nor any of its subsidiaries has sustained since the date of
the latest audited financial statements included in the Registration Statement, Time of Sale Prospectus and the Prospectus any material loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by
insurance, or from any labor dispute or court or governmental action, order or decree, otherwise than as set forth or contemplated in the Registration Statement, Time of Sale Prospectus and the Prospectus; and, since the respective dates as of which
information is given in the Time of Sale Prospectus and the Prospectus, there has not been any change in the capital stock or long-term debt of the Company or any of its subsidiaries (except for the vesting or exercise of restricted stock units or
options pursuant to equity incentive, compensation or benefit plans in existence on the date of this Agreement and described in the Time of Sale Prospectus, the repurchase of shares of common stock from Apollo Investment Fund IV, L.P. and Apollo
Overseas Partners IV, L.P. (collectively, “Apollo”) by the Company as described in the Time of Sale Prospectus, and the Company’s offering of convertible senior notes and use of proceeds from such offering to pay a portion of its
indebtedness outstanding under its credit facility as described in the time of Sale Prospectus) or any material adverse change, or any development involving a prospective material adverse change, in or affecting the general affairs, management,
consolidated financial position, stockholders’ equity or results of operations of the Company and its subsidiaries, taken as a whole, otherwise than as set forth or contemplated in the Time of Sale Prospectus and the Prospectus; 
 (ix) The Company and the subsidiaries of the Company set forth on Schedule III hereto (each a “Subsidiary” and, collectively,
the “Subsidiaries”) have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them, in each case free and clear of all liens, encumbrances and defects except such as
are described in the Time of Sale Prospectus or such as would not have a material adverse effect on the current or future general affairs, management, consolidated financial position, stockholders’ equity or results of operations of the Company
and its subsidiaries, taken as a whole (a “Material Adverse Effect”); and any real property and buildings held under lease by the Company and its Subsidiaries are held by them under valid, subsisting and enforceable leases with such
exceptions as are not material and do not interfere with the use made and proposed to be made of such property and buildings by the Company and its Subsidiaries; 
 (x) The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of
Delaware, with power and authority (corporate and other) to own its properties and conduct its business as described in the Time of Sale Prospectus and the Prospectus, and has been duly qualified as a foreign corporation for the transaction of
business and is in good standing (to the extent such concept exists) under the laws of each other jurisdiction in which it owns or leases properties or conducts any business so as to require such qualification, or is subject to no material liability
or disability by reason of the failure to be so qualified in any such jurisdiction; and each 

  

 4 

 
Subsidiary has been duly incorporated or organized, as the case may be, and is validly existing as a corporation, partnership or limited liability company,
as the case may be, in good standing (to the extent such concept exists) under the laws of its jurisdiction of incorporation or organization, as the case may be; 
 (xi) The Company has an authorized capitalization as set forth in the Time of Sale Prospectus and the Prospectus, and all of the issued
shares of capital stock of the Company have been duly and validly authorized and issued, are fully paid and non-assessable and conform to the description of the Stock contained in the Time of Sale Prospectus and the Prospectus; and all of the issued
shares of capital stock of each Subsidiary of the Company have been duly and validly authorized and issued, are fully paid and non-assessable and (except for directors’ qualifying shares) are owned directly or indirectly by the Company, free
and clear of all liens, encumbrances, equities or claims (except for those related to the Credit Agreement, dated as of August 22, 2006, as amended as of January 16, 2007, among the Company, as Borrower, the several lenders from time to
time parties thereto, and Bank of America, N.A., as Administrative Agent); 
 (xii) The unissued Shares to be issued by the
Company to certain of the Selling Stockholders upon the exercise of their respective stock options and sold by the Selling Stockholders to the Underwriters hereunder prior to the applicable Time of Delivery pursuant to the terms of each such Selling
Stockholder’s applicable Option Exercise Notice (as defined in Section 1(b)(viii) hereof), hereinafter referred to as the “Stockholder Option Shares,” have been duly and validly authorized and, when issued and delivered against
payment therefor, will be duly and validly issued and fully paid and non-assessable and will conform to the description of the Stock contained in the Time of Sale Prospectus and the Prospectus; 
 (xiii) The compliance by the Company with all of the provisions of this Agreement and the consummation of the transactions herein
contemplated will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, (i) any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the
Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound or to which any of the property or assets of the Company or any of its Subsidiaries is subject, (ii) the provisions of the Certificate of
Incorporation or By-laws of the Company or (iii) any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the Company or any of its Subsidiaries or any of their properties except, in the
case of clauses (i) and (iii), for such breaches, violations or defaults that would not result in a Material Adverse Effect; and no consent, approval, authorization, order, registration or qualification of or with any such court or governmental
agency or body is required for the issue and sale of the Shares or the consummation by the Company of the transactions contemplated by this Agreement, except the registration under the Act of the Shares and such consents, approvals, authorizations,
registrations or qualifications as may be required under state securities (including insurance securities) or Blue Sky laws in connection with the purchase and distribution of the Shares by the Underwriters; 
  

 5 

 (xiv) Neither the Company nor any of its Subsidiaries is in violation of its Certificate
of Incorporation or By-laws or in default in the performance or observance of any material obligation, agreement, covenant or condition contained in any indenture, mortgage, deed of trust, loan agreement, lease or other agreement or instrument to
which it is a party or by which it or any of its properties may be bound; 
 (xv) The statements set forth in the Time of Sale
Prospectus and the Prospectus under the caption “Description of Common Stock,” insofar as they purport to constitute a summary of the terms of the Stock, and under the caption “Important United States Federal Tax Considerations For
Non-United States Holders,” and under the caption “Underwriting,” insofar as they purport to describe the provisions of the laws and documents referred to therein, are accurate, complete and fair in all material respects; 

(xvi) Other than as set forth in the Time of Sale Prospectus and the Prospectus, there are no legal or governmental proceedings pending
to which the Company or any of its Subsidiaries is a party or of which any property of the Company or any of its Subsidiaries is the subject which could be reasonably expected, individually or in the aggregate, to have a Material Adverse Effect;
and, to the knowledge of the Company, no such proceedings are threatened or contemplated by governmental authorities or threatened by others; 
 (xvii) The Company and its Subsidiaries possess such permits, licenses, approvals, consents and other authorizations (collectively, “Governmental Licenses”) issued by the appropriate federal, state, local or
foreign regulatory agencies or bodies necessary to conduct the business now operated by them, except where the failure to possess such Governmental Licenses would not have a Material Adverse Effect; the Company and its Subsidiaries are in compliance
with the terms and conditions of all such Governmental Licenses, except where the failure so to comply would not, individually or in the aggregate, have a Material Adverse Effect; all of the Governmental Licenses are valid and in full force and
effect, except where the invalidity of such Governmental Licenses or the failure of such Governmental Licenses to be in full force and effect would not have a Material Adverse Effect; and neither the Company nor any of its Subsidiaries has received
any notice of proceedings relating to the revocation or modification of any such Governmental Licenses; 
 (xviii) The Company
and its Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are customary in the businesses in which they are engaged, except where the failure to be so insured would not
have a Material Adverse Effect, and neither the Company nor any of its Subsidiaries has any reason to believe that any of them will not be able to (i) renew its existing insurance coverage as and when 

  

 6 

 
such coverage expires except where the failure to renew would not have a Material Adverse Effect, or (ii) to obtain similar coverage from similar
insurers as may be necessary to continue its business at a cost that would not have a Material Adverse Effect; 
 (xix) The
Company and its Subsidiaries own, possess, have other rights to use or can acquire on reasonable terms, adequate patents, patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable
proprietary or confidential information, systems or procedures), trademarks, service marks, trade names or other intellectual property (collectively, “Intellectual Property”) necessary to carry on the business now operated by them, except
where the failure to own, possess or have other rights to use, or be able to acquire, such Intellectual Property would not have a Material Adverse Effect; neither the Company nor any of its Subsidiaries has received any notice or is otherwise aware
of any infringement of or conflict with asserted rights of others with respect to any Intellectual Property or of any facts or circumstances which would render any Intellectual Property invalid or inadequate to protect the interest of the Company or
any of its Subsidiaries therein, which infringement, conflict, invalidity or inadequacy, individually or in the aggregate, would be reasonably likely to have a Material Adverse Effect; 
 (xx) The Company is not and, after giving effect to the offering and sale of the Shares, will not be an “investment company,” as
such term is defined in the Investment Company Act of 1940, as amended; 
 (xxi) Neither the Company nor any of its affiliates
does business with the government of Cuba or with any person or affiliate located in Cuba within the meaning of Section 517.075, Florida Statutes; 
 (xxii) The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s
general or specific authorization; (ii) transactions are recorded as necessary to permit preparation of consolidated financial statements in conformity with United States generally accepted accounting principles and to maintain accountability
for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and
appropriate action is taken with respect to any differences; 
 (xxiii) The Company has established and maintains disclosure
controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act; such disclosure controls and procedures are designed to ensure that material information relating to the Company, including its consolidated subsidiaries,
is made known to the Company’s principal executive officer and its principal financial officer by others within those entities and are effective to perform the functions for which they were established; 
  

 7 

 (xxiv) There has been no change in the Company’s internal control over financial
reporting since September 30, 2006 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting; and, since December 31, 2005, the audit committee of the board of
directors of the Company has been advised by the Company of: (i) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
Company’s ability to record, process, summarize and report financial information and (ii) any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s internal control
over financial reporting; 
 (xxv) The consolidated financial statements, together with related schedules and notes, included
in the Registration Statement, Time of Sale Prospectus and the Prospectus (and any amendment or supplement thereto) present fairly in all material respects the financial position, results of operations and changes in financial position of the
Company and its consolidated subsidiaries at the respective dates or for the respective periods to which they apply; such statements and related schedules and notes have been prepared in accordance with United States generally accepted accounting
principles consistently applied throughout the periods involved, except as disclosed therein; and the other financial and statistical information and data of the Company set forth in the Registration Statement, Time of Sale Prospectus and the
Prospectus (and any amendment or supplement thereto) present fairly, in all material respects, the information stated therein and have been derived from the books and records of the Company, and such other financial information and data have been
prepared on a basis consistent with such financial statements; 
 (xxvi) PricewaterhouseCoopers LLP (“PWC”), which
has certified certain financial statements of the Company and its subsidiaries, is an independent registered public accounting firm with respect to the Company within the meaning of the Act and the applicable rules and regulations thereunder adopted
by the Commission and the Public Company Accounting Oversight Board (United States); 
 (xxvii) Each subsidiary of the Company
which is engaged in the business of acting as a broker-dealer or an investment advisor (respectively, a “Broker-Dealer Subsidiary” and an “Investment Advisor Subsidiary”) is duly licensed or registered as a broker-dealer or
investment advisor, as the case may be, in each jurisdiction where it is required to be so licensed or registered to conduct its business, except where the failure to be so licensed or registered would not have a Material Adverse Effect; each
Broker-Dealer Subsidiary and each Investment Advisor Subsidiary has all other necessary approvals of and from all applicable regulatory authorities, including any self-regulatory organization, to conduct its businesses, except where the failure to
have such approvals would not have a Material Adverse Effect; except as otherwise provided in the Time of Sale Prospectus and the Prospectus, none of the Broker-Dealer Subsidiaries or 

  

 8 

 
Investment Advisor Subsidiaries has received any notification from any applicable regulatory authority to the effect that any additional approvals from such
regulatory authority are needed to be obtained by such subsidiary and have not been obtained, in any case where it could be reasonably expected that the Broker-Dealer Subsidiary will be unable to obtain such additional approvals and the failure to
obtain any such additional approvals would require such Subsidiary to cease or otherwise materially limit the conduct of its business; and each Broker-Dealer Subsidiary and each Investment Advisor Subsidiary is in compliance with the requirements of
the broker-dealer and investment advisor laws and regulations of each jurisdiction that are applicable to such Subsidiary, and has filed all notices, reports, documents or other information required to be filed thereunder, with such exceptions as
would not have, individually or in the aggregate, a Material Adverse Effect; and 
 (xxviii) There are no contracts or
documents required to be described or referred to in the Registration Statement, the Time of Sale Prospectus or the Prospectus or to be filed as exhibits thereto which have not been so described and filed as required. 
 (b) Each of the Selling Stockholders severally represents and warrants to, and agrees with, each of the Underwriters and the Company
that: 
 (i) All consents, approvals, authorizations and orders necessary for the execution and delivery by such Selling
Stockholder of this Agreement and the Power of Attorney, the Custody Agreement and the Option Exercise Notice, if applicable, and for the sale and delivery of the Shares to be sold by such Selling Stockholder hereunder, have been obtained; and such
Selling Stockholder has full right, power and authority to enter into this Agreement, the Power of Attorney, the Custody Agreement and the Option Exercise Notice, if applicable, and to sell, assign, transfer and deliver the Shares to be sold by such
Selling Stockholder hereunder; 
 (ii) The sale of the Shares to be sold by such Selling Stockholder hereunder and the
compliance by such Selling Stockholder with all of the provisions of this Agreement, the Power of Attorney, the Custody Agreement and the Option Exercise Notice, if applicable, and the consummation by such Selling Stockholder of the transactions
herein and therein contemplated will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any statute, indenture, mortgage, deed of trust, loan agreement or other agreement or
instrument to which such Selling Stockholder is a party or by which such Selling Stockholder is bound or to which any of the property or assets of such Selling Stockholder is subject, nor will such action result in any violation of the provisions of
the constituent documents of such Selling Stockholder if such Selling Stockholder is a corporation or other entity, or any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over such Selling
Stockholder or the property of such Selling Stockholder; 
  

 9 

 (iii) Such Selling Stockholder is, and immediately prior to each Time of Delivery (as
defined in Section 4 hereof) such Selling Stockholder will be, except with respect to the registered ownership of such Shares at such times as the Custodian is the registered owner, the sole registered and beneficial owner of the Shares to be
sold by such Selling Stockholder hereunder, free and clear of all liens, encumbrances, equities or claims; and, upon delivery of such Shares as directed by the Underwriters, to a nominee designated by The Depository Trust Company (“DTC”)
and payment therefor pursuant hereto, (a) DTC will be a “protected purchaser” (as defined under Section 8-303 of the Uniform Commercial Code of Delaware (the “Delaware UCC”)) provided that it has no “notice”
of an adverse claim within the meaning of Section 8-105 of the Delaware UCC, (b) the respective Underwriters, upon the crediting of such Shares on the records of DTC to securities accounts of the respective Underwriters, will acquire a
security entitlement in respect of such Shares under Section 8-501 of the Uniform Commercial Code of New York (the “New York UCC”) and (c) no action based on an adverse claim to such security entitlement may be asserted against
the respective Underwriters provided that they have no “notice” of such adverse claim within the meaning of Section 8-105 of the New York UCC; 
 (iv) During the period beginning from the date hereof and continuing to and including the date 90 days after the date of the Prospectus,
not to offer, sell, contract to sell or otherwise dispose of, except as provided hereunder, any securities of the Company that are substantially similar to the Shares, including but not limited to any securities that are convertible into or
exchangeable for, or that represent the right to receive, Stock or any such substantially similar securities (other than (i) pursuant to stock-based compensation or incentive plans existing on, or upon the conversion or exchange of convertible
or exchangeable securities outstanding as of, the date of this Agreement, (ii) or as otherwise provided in the lock-up agreement entered into between such Selling Stockholder and the Underwriters, (iii) the sale by Apollo of shares of
common stock to the Company as described in the Time of Sale Prospectus, (iv) to or among such Selling Stockholder’s spouse children, grandchildren, or other living descendants, or to a trust or family partnership of which there are no
principal (i.e. corpus) beneficiaries or partners other than the grantor or one or more of such Selling Stockholder, the Selling Stockholder’s spouse or described relatives and, provided, in the case of a trust, that existing beneficiaries
and/or trustee(s) and/or grantor(s) of such trust have the power to act with respect to the trust’s assets without court approval and, in the case of a family partnership, that the partners thereof have the power to act with respect to the
partnership’s assets without court approval and the partnership is not permitted to (x) distribute assets to persons who are not among the relatives listed above or (y) have partners who are not among the relatives listed above,
(v) to a legal or personal representative of such Selling Stockholder in the event of the Selling Stockholder’s death or inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment which can be expected to be long-continued and of indefinite duration, (vi) pursuant to a qualified domestic relations order, (vii) to a management company or manager of a subsidiary of the Company, to any 

  

 10 

 
Affiliate thereof, or to any Principal (as such term is defined in the management agreement between such Selling Stockholder and the Company, if any) or
other employee of such a management company, (viii) in the event of the death of the Selling Stockholder, upon a determination by the board of directors of the Company that the provisions of this Section 1(b)(iv) result in undue hardship
including, without limitation, because of an obligation to pay estate taxes, subject to such terms and conditions as are determined by the board of directors of the Company and (ix) upon a waiver of the provisions of this Section 1(b)(iv)
by the board of directors of the Company in connection with any business combination, restructuring, recapitalization or other extraordinary transaction that has been approved by a majority of the board of directors of the company), without your
prior written consent; provided, however, that in the case of such a transfer or any other transfer contemplated by clause (iv), (v), (vi), or (vii) above, it shall be a condition to the transfer that the transferee execute an agreement
stating that the transferee is receiving and holding such capital stock subject to the provisions of this subsection, and there shall be no further transfer of such capital stock except in accordance with this subsection, and provided further that
any such transfer shall not involve a disposition for value; 
 (v) Such Selling Stockholder has not taken and will not take,
directly or indirectly, any action which is designed to or which has constituted or which might reasonably be expected to cause or result in stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale
of the Shares; 
 (vi) To the extent that any statements or omissions made in the Registration Statement, any Preliminary
Prospectus, the Time of Sale Prospectus, the Prospectus or any amendment or supplement thereto are made in reliance upon and in conformity with written information furnished to the Company by such Selling Stockholder expressly for use therein, such
Preliminary Prospectus, Time of Sale Prospectus and Registration Statement did, and the Prospectus and any further amendments or supplements to the Registration Statement and the Prospectus, when they become effective or are filed with the
Commission, as the case may be, will conform in all material respects to the requirements of the Act and the rules and regulations of the Commission thereunder. To the extent that any statements or omissions made in the Registration Statement, any
Preliminary Prospectus, the Time of Sale Prospectus, the Prospectus or any amendment or supplement thereto or any Issuer Free Writing Prospectus are made in reliance upon and in conformity with written information furnished to the Company by such
Selling Stockholder expressly for use therein, such Preliminary Prospectus, Time of Sale Prospectus, Registration Statement, Prospectus and any further amendments or supplements thereto or Issuer Free Writing Prospectus, will not contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading; 
  

 11 

 (vii) In order to document the Underwriters’ compliance with the reporting and
withholding provisions of the Tax Equity and Fiscal Responsibility Act of 1982 with respect to the transactions herein contemplated, such Selling Stockholder will deliver to you prior to or at the Time of Delivery (as hereinafter defined) a properly
completed and executed United States Treasury Department Form W-9 (or other applicable form or statement specified by Treasury Department regulations in lieu thereof); 
 (viii) All of the Shares to be sold by such Selling Stockholder hereunder have been transferred or, in the case of the Stockholder Option
Shares, will be transferred prior to the Time of Delivery of such Shares, for registration in the name of Mellon Investor Services LLC, as Custodian (the “Custodian”) under a Custody Agreement, in the form heretofore furnished to you (the
“Custody Agreement”), duly executed and delivered by such Selling Stockholder to the Custodian, and such Selling Stockholder has duly executed and delivered a Power of Attorney, in the form heretofore furnished to you (the “Power of
Attorney”), appointing the persons indicated in footnote (a) in Schedule II hereto, and each of them, as such Selling Stockholder’s attorneys-in-fact (the “Attorneys-in-Fact”) with authority to execute and deliver this
Agreement on behalf of such Selling Stockholder, to determine the purchase price to be paid by the Underwriters to the Selling Stockholders as provided in Section 2 hereof, to authorize the Custodian to instruct the transfer agent of the
Company to transfer the registered ownership of the Shares to be sold by such Selling Stockholder hereunder and otherwise to act on behalf of such Selling Stockholder in connection with the transactions contemplated by this Agreement and the Custody
Agreement, and if such Selling Stockholder is selling Shares hereunder pursuant to the cashless exercise of options to purchase shares of Stock (“Stock Options”), such Selling Stockholder has duly executed and delivered an Option Exercise
Consent Agreement in respect of such Stock Options and has (i) duly executed and delivered, (ii) completed by Internet or (iii) completed by telephone election method a Stockholder Secondary Offering Participation Election Form, each
in the form heretofore furnished to you, (collectively, the “Option Exercise Notice”), providing for, among other things, the exercise of certain of such Selling Stockholder’s Stock Options and the issuance of such Selling
Stockholder’s Stockholder Option Shares; 
 (ix) The Shares to be sold by such Selling Stockholder hereunder were
registered in the name of the Custodian under the Custody Agreement or, in the case of such Selling Stockholder’s Stockholder Option Shares, will be registered prior to the Time of Delivery of such Shares, and are (or will be, as applicable)
subject to the interests of the Underwriters hereunder; the arrangements made by such Selling Stockholder under the Custody Agreement and the Option Exercise Notice, if applicable, and the appointment by such Selling Stockholder of the
Attorneys-in-Fact by the Power of Attorney, are irrevocable; the obligations of the Selling Stockholders hereunder will not be terminated by operation of law, whether by the death or incapacity of any individual Selling Stockholder or, in the case
of an estate or trust, by the death or incapacity of any executor or trustee or 

  

 12 

 
the termination of such estate or trust, or in the case of a partnership or corporation, by the dissolution of such partnership or corporation, or by the
occurrence of any other event; if any individual Selling Stockholder or any such executor or trustee should die or become incapacitated, or if any such estate or trust should be terminated, or if any such partnership or corporation should be
dissolved, or if any other such event should occur, before the delivery of the Shares hereunder, the Shares will be transferred by or on behalf of the Selling Stockholders in accordance with the terms and conditions of this Agreement and of the
Custody Agreements; and actions taken by the Attorneys-in-Fact pursuant to the Powers of Attorney and the Option Exercise Notice, if applicable, will be as valid as if such death, incapacity, termination, dissolution or other event had not occurred,
regardless of whether or not the Custodian, the Attorneys-in-Fact, the Company or any of them, shall have received notice of such death, incapacity, termination, dissolution or other event; and 
 (x) Neither the Selling Stockholder nor any of its affiliates directly, or indirectly through one or more intermediaries, controls, or is
controlled by, or is under common control with, or has any other association with (within the meaning of Article I, Section (dd) of the By-laws of the National Association of Securities Dealers, Inc. (the “NASD”), any member firm of the
NASD. 
 2. Subject to the terms and conditions herein set forth, (a) each of the Selling Stockholders, (excluding Apollo) agrees,
severally and not jointly, to sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from each of such Selling Stockholders, at a purchase price per share of $45.52, the number of Firm Shares
(to be adjusted by the Representatives to eliminate fractional shares) determined by multiplying the aggregate number of Shares to be sold by such Selling Stockholders (excluding Apollo) as set forth opposite their respective names in Schedule II
hereto by a fraction, the numerator of which is the aggregate number of Firm Shares to be purchased by such Underwriter in Schedule I(a) hereto and the denominator of which is the aggregate number of Firm Shares to be purchased by all of the
Underwriters from all of the Selling Stockholders hereunder (excluding Apollo) and (b) Apollo agrees to sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from Apollo, at a purchase
price per share of $42.22, the number of Firm Shares (to be adjusted by the Representatives to eliminate fractional shares) determined by multiplying the aggregate number of Shares to be sold by Apollo as set forth opposite its name in Schedule II
hereto by a fraction, the numerator of which is the aggregate number of Firm Shares to be purchased by such Underwriter in Schedule I(b) hereto and the denominator of which is the aggregate number of Firm Shares to be purchased by all of the
Underwriters from Apollo. In the event and to the extent that the Underwriters shall exercise the election to purchase Optional Shares as provided below, each of the Selling Stockholders agrees, severally and not jointly, to sell to each of the
Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from each of the Selling Stockholders, at the purchase price per shares set forth in clauses (a) and (b) of this Section 2, that portion of the
number of Optional Shares as to which such election shall have been exercised (to be adjusted by the Representatives so as to eliminate fractional shares) determined by multiplying such number of Optional Shares by a fraction the numerator of which
is the maximum number of Optional Shares which such Underwriter is entitled to purchase as set forth opposite the name of such Underwriter in Schedule I(a) and I(b) hereto and the denominator of which is the maximum number of Optional Shares that
all of the Underwriters are entitled to purchase hereunder. 
  

 13 

 The Selling Stockholders, as and to the extent indicated in Schedule II hereto, hereby grant, severally
and not jointly, to the Underwriters the right to purchase at their election up to 241,256 Optional Shares, at the purchase price per share set forth in the paragraph above. Any such election to purchase Optional Shares shall be made in proportion
to the maximum number of Optional Shares to be sold by each Selling Stockholder as set forth in Schedule II hereto initially with respect to the Optional Shares to be sold by the Selling Stockholders in proportion to the maximum number of Optional
Shares to be sold by each Selling Stockholder as set forth in Schedule II hereto. Any such election to purchase Optional Shares may be exercised only by written notice from you to the Company, given within a period of 30 calendar days after the date
of this Agreement and setting forth the aggregate number of Optional Shares to be purchased and the date on which such Optional Shares are to be delivered, as determined by you but in no event earlier than the First Time of Delivery (as defined in
Section 4 hereof) or, unless you and the Company otherwise agree in writing, earlier than two or later than ten business days after the date of such notice. 
 3. Upon the authorization by you of the release of the Shares, the several Underwriters propose to offer the Shares for sale upon the terms and conditions set forth in the Time of Sale Prospectus and the Prospectus.

 4. (a) The Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered
in such names as the Representatives may request upon at least forty-eight hours’ prior notice to the Attorneys-in-Fact for the Selling Stockholders shall be delivered by or on behalf of the Selling Stockholders to the Representatives, through
the facilities of DTC, for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified by the Custodian, to the
Representatives at least forty-eight hours in advance. The Company will cause the certificates representing the Shares to be made available for checking and packaging at least twenty-four hours prior to the Time of Delivery (as defined below) with
respect thereto at the office of DTC or its designated custodian (the “Designated Office”). The time and date of such delivery and payment shall be, with respect to the Firm Shares, 9:30 a.m., New York time, on January 22, 2007, or
such other time and date as the Representatives and the Company may agree upon in writing, and, with respect to the Optional Shares, 9:30 a.m., New York time, on the date specified by the Representatives in the written notice given by the
Representatives of the Underwriters’ election to purchase such Optional Shares, or such other time and date as the Representatives and the Company may agree upon in writing. Such time and date for delivery of the Firm Shares is herein called
the “First Time of Delivery,” such time and date for delivery of the Optional Shares, if not the First Time of Delivery, is herein called the “Second Time of Delivery,” and each such time and date for delivery is herein called a
“Time of Delivery.” 
 (b) The documents to be delivered at each Time of Delivery by or on behalf of the parties
hereto pursuant to Section 8 hereof, including the cross receipt for the Shares and any additional documents requested by the Underwriters pursuant to Section 8(l) hereof will be delivered at the offices of LeBoeuf, Lamb, Greene &
MacRae LLP, 125 

  

 14 

 
W. 55th Street, New York, New York 10019 (the “Closing Location”), and the Shares will be delivered at the Designated Office, all at such Time of
Delivery. A meeting will be held at the Closing Location at 2:00 p.m., New York City time, on the New York Business Day preceding such Time of Delivery, at which meeting the final drafts of the documents to be delivered pursuant to the preceding
sentence will be available for review by the parties hereto. For the purposes of this Section 4, “New York Business Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions
in New York are generally authorized or obligated by law or executive order to close. 
 5. The Company agrees with each of the Underwriters:

 (a) To prepare the Prospectus in a form approved by you and to file timely and in the manner required such Prospectus
pursuant to Rule 424(b) under the Act; to make no further amendment or any supplement to the Registration Statement, the Prospectus or any Issuer Free Writing Prospectus which shall be disapproved by you promptly after reasonable notice thereof; to
advise you, promptly after it receives notice thereof, of the time when any amendment to the Registration Statement has been filed or becomes effective or any supplement or amendment to the Prospectus or any Issuer Free Writing Prospectus has been
filed and to furnish you with copies thereof; to advise you promptly after it receives notice thereof, of the issuance by the Commission of any stop order or of any order preventing or suspending the use of the Time of Sale Prospectus, the
Prospectus or any free writing prospectus or of any examination pursuant to Section 8(e) of the Act concerning the Registration Statement, of the suspension of the qualification of the Shares for offering or sale in any jurisdiction, of the
initiation or threatening of any proceeding for any such purpose, or of any request by the Commission for the amending or supplementing of the Registration Statement or Prospectus or for additional information; and, in the event of the issuance of
any stop order or of any order preventing or suspending the use of the Time of Sale Prospectus, the Prospectus or any Issuer Free Writing Prospectus or suspending any such qualification, promptly to use its reasonable best efforts to obtain the
withdrawal of such order; 
 (b) To prepare a final term sheet, in a form attached as Annex I hereto and approved by the
Underwriters, and to file such term sheet under the Act by 6:00 A.M. on the date immediately after the date of this Agreement; 
 (c) Promptly from time to time to take such action as you may reasonably request to qualify the Shares for offering and sale under the securities laws of such jurisdictions as you may request and to comply with such laws so as to permit the
continuance of sales and dealings therein in such jurisdictions for as long as may be necessary to complete the distribution of the Shares, provided that in connection therewith the Company shall not be required to qualify as a foreign corporation
or to file a general consent to service of process in any jurisdiction or to subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise so subject; 
 (d)(i) Prior to 3:00 p.m., New York City time, on the New York Business Day next succeeding the date of this Agreement, on a reasonable
best efforts basis, to 

  

 15 

 
furnish the Underwriters with written and electronic copies of the Prospectus in New York City in such quantities as you may reasonably request and
(ii) from time to time, to furnish the Underwriters with written and electronic copies of the Prospectus in New York City in such quantities as you may reasonably request, and, if the delivery of a prospectus is required at any time prior to
the expiration of nine months after the time of issue of the Prospectus in connection with the offering or sale of the Shares and if at such time any events shall have occurred as a result of which the Prospectus as then amended or supplemented
would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made when such Prospectus is delivered, not
misleading, or, if for any other reason it shall be necessary during such period to amend or supplement the Prospectus in order to comply with the Act, to notify you and upon your request to prepare and furnish without charge to each Underwriter and
to any dealer in securities as many written and electronic copies as you may from time to time reasonably request of an amended Prospectus or a supplement to the Prospectus which will correct such statement or omission or effect such compliance, and
in case any Underwriter is required to deliver a prospectus in connection with sales of any of the Shares at any time nine months or more after the time of issue of the Prospectus, upon your request but at the expense of such Underwriter, to prepare
and deliver to such Underwriter as many written and electronic copies as you may request of an amended or supplemented Prospectus complying with Section 10(a)(3) of the Act; 
 (e) To make generally available to its securityholders as soon as practicable, but in any event not later than eighteen months after the
effective date of the Registration Statement (as defined in Rule 158(c) under the Act), an earnings statement of the Company and its subsidiaries (which need not be audited) complying with Section 11(a) of the Act and the rules and regulations
of the Commission thereunder (including, at the option of the Company, Rule 158 under the Act); 
 (f) During the period
beginning from the date hereof and continuing to and including the date 90 days after the date of the Prospectus, not to offer, sell, contract to sell or otherwise dispose of, except as provided hereunder, any securities of the Company that are
substantially similar to the Shares, including but not limited to any securities that are convertible into or exchangeable for, or that represent the right to receive, Stock or any such substantially similar securities (other than (x) pursuant
to stock-based compensation, incentive or benefit plans and Company employee stock purchase plans existing on, or upon the conversion or exchange of convertible or exchangeable securities outstanding as of, the date of this Agreement, (y) the
offering and issuance of convertible senior notes as described in the Time of Sale Prospectus or (z) Stock issued as consideration in acquisitions; provided, that the recipient of such Stock issued as consideration in an acquisition
becomes a party to, and such Stock is subject to, the Second Amended and Restated Stockholders Agreement of the Company, dated as of February 13, 2004, by and among the Company, Apollo Investment Fund IV, L.P. and certain of the other
stockholders of the Company that are signatories thereto, as amended, (the “Stockholders Agreement”), the Lock-up Agreement by and among the Company and certain of the other stockholders of the Company that are signatories thereto (the
“Stockholder Lock-up Agreement”) or such other stockholders agreement of the 

  

 16 

 
Company containing restrictions on the transferability of such Stock that are substantially similar to the provisions contained in the Stockholders Agreement
or the Stockholder Lock-up Agreement), without your prior written consent; 
 (g) During a period of three years from the
effective date of the Registration Statement, to the extent not available via Commission’s Electronic Data, Gathering, Analysis and Retrieval System, to furnish to you copies of all reports or other communications (financial or other) furnished
to stockholders, and to deliver to you (i) as soon as they are available, copies of any reports and financial statements furnished to or filed with the Commission or any national securities exchange on which any class of securities of the
Company is listed; and (ii) such additional information concerning the business and financial condition of the Company as you may from time to time reasonably request (such financial statements to be on a consolidated basis to the extent the
accounts of the Company and its subsidiaries are consolidated in reports furnished to its stockholders generally or to the Commission); 
 (h) Upon the reasonable request of any Underwriter, to furnish, or cause to be furnished, to such Underwriter an electronic version of the Company’s trademarks, servicemarks and corporate logo for use on the
website, if any, operated by the Underwriter for the purpose of facilitating the on-line offering of the Shares (the “License”); provided, however, that the License shall be used solely for the purpose described above, is granted
without any fee and may not be assigned or transferred; 
 (i) With respect to any stockholders of the Company who prior to
the date hereof have not entered into a 90-day lock-up agreement directly with the Representatives on behalf of the Underwriters, to not waive any restrictions on transfer in the Stockholders Agreement, other than waivers granted in order to sell
the Shares pursuant to this Agreement, during the period ending on the 90th day after the Effective Date without the
prior written consent of the Representatives on behalf of the Underwriters; and 
 (j) Any material that the Company is
required to file pursuant to Rule 433 under the Act has been, or will be, filed with the Commission in accordance with the requirements of the Act. 
 6. The Company and each of the Selling Stockholders covenant and agree with one another and with the several Underwriters that: 
 (a) The Company will pay or cause to be paid the following: (i) the fees, disbursements and expenses of the Company’s counsel and accountants in connection with the registration of the Shares under the Act
and all other expenses in connection with the preparation, printing and filing of the Registration Statement, the Time of Sale Prospectus, the Prospectus, any Issuer Free Writing Prospectus and amendments and supplements thereto, including the
filing fees payable to the Commission relating to the Shares (within the time required by Rule 456(b)(1) under the Act, if applicable), and the mailing and delivering of copies thereof to the Underwriters and dealers; (ii) the cost of printing
or producing this Agreement, the Blue Sky Memorandum, closing documents 

  

 17 

 
(including any compilations thereof) and any other documents in connection with the offering, purchase, sale and delivery of the Shares; (iii) all
expenses in connection with the qualification of the Shares for offering and sale under state securities laws, including the reasonable fees and disbursements of counsel to the Underwriters in connection with such qualification and in connection
with the Blue Sky survey; (iv) the filing fees incident to, and the fees and disbursements of counsel to the Underwriters in connection with, securing any required review by the NASD of the terms of the sale of the Shares; (v) the cost of
preparing stock certificates; (vi) the cost and charges of any transfer agent or registrar and (vii) all other costs and expenses incident to the performance of its obligations hereunder which are not otherwise specifically provided for in
this Section; and 
 (b) Each Selling Stockholder will pay or cause to be paid all costs and expenses incident to the
performance of such Selling Stockholder’s obligations hereunder which are not otherwise specifically provided for in this Section, including (i) any fees and expenses of counsel to such Selling Stockholder, (ii) such Selling
Stockholder’s pro rata share of the fees and expenses of the Attorneys-in-Fact and the Custodian, and (iii) all expenses and taxes incident to the sale and delivery of the Shares to be sold by such Selling Stockholder to the Underwriters
hereunder. In connection with clause (iii) of the preceding sentence, the Representatives agree to pay New York State stock transfer tax, and each Selling Stockholder agrees to reimburse the Representatives for associated carrying costs if such
tax payment is not rebated on the day of payment and for any portion of such tax payment not rebated. It is understood that, except as provided in this Section, and Sections 9 and 12 hereof, the Underwriters will pay all of their own costs and
expenses, including the fees of their counsel, stock transfer taxes on resale of any of the Shares by them, and any advertising expenses connected with any offers they may make. 
 7. Each of the Company and each Selling Stockholder represents and agrees that, unless it obtains the prior consent of the Representatives, and each
Underwriter represents and agrees that, other than one or more term sheets containing customary information, unless it obtains the prior consent of the Company, it has not made and will not make any offer relating to the Shares that would constitute
a “free writing prospectus,” as defined in Rule 405 under the Act. Any such free writing prospectus the use of which has been consented to by the Company and the Underwriters is listed on Schedule IV(a) and IV(b) hereto. 
 8. The obligations of the Underwriters hereunder, as to the Shares to be delivered at each Time of Delivery, shall be subject, in their discretion, to
the condition that all representations and warranties and other statements of the Company and of the Selling Stockholders herein are, at and as of such Time of Delivery, true and correct, the condition that the Company and the Selling Stockholders
shall have performed all of its and their obligations hereunder theretofore to be performed, and the following additional conditions: 
 (a) The Prospectus shall have been filed with the Commission pursuant to Rule 424(b) under the Act within the applicable time period prescribed for such filing by the rules and regulations under the Act and in
accordance with Section 5(a) hereof; no stop order suspending the effectiveness of the Registration Statement or any part thereof 

  

 18 

 
shall have been issued and no proceeding for that purpose shall have been initiated or threatened by the Commission; and all requests for additional
information on the part of the Commission shall have been complied with to your reasonable satisfaction; 
 (b) LeBoeuf, Lamb,
Greene & MacRae LLP, counsel to the Underwriters, shall have furnished to you such written opinion or opinions (a draft of each such opinion is attached as Exhibit B hereto), dated such Time of Delivery, in a form or forms acceptable to
you, and such counsel shall have received such papers and information as they may reasonably request to enable them to pass upon such matters; 
 (c) Skadden, Arps, Slate, Meagher & Flom LLP, counsel to the Company, shall have furnished to you their written opinions, dated such Time of Delivery, in form and substance satisfactory to you, to the effect
set forth in Exhibits C-1 and C-2 hereto and a written letter, dated such Time of Delivery, in form and substance satisfactory to you, to the effect set forth in Exhibit C-3 hereto; 
 (d) Douglas W. Hammond, Executive Vice President and General Counsel of the Company, shall have furnished to you his written opinion,
dated such Time of Delivery, in form and substance satisfactory to you, to the effect set forth in Exhibit D hereto; 
 (e)
Morrison & Foerster LLP, counsel to the Selling Stockholders, shall have furnished to you their written opinion with respect to the Selling Stockholders, dated such Time of Delivery, in form and substance satisfactory to you, to the effect
set forth in Exhibit E hereto; 
 (f) On the date of the Prospectus at a time prior to the execution of this Agreement, at
9:30 a.m., New York City time, on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each Time of Delivery, PWC shall have furnished to you a letter or letters,
dated the respective dates of delivery thereof, in form and substance satisfactory to you, to the effect set forth in Annex I hereto (the executed copy of the letter delivered prior to the execution of this Agreement is attached as Annex I(a) hereto
and a draft of the form of letter to be delivered on the effective date of any post-effective amendment to the Registration Statement and as of each Time of Delivery is attached as Annex I(b) hereto); 
 (g)(i) Neither the Company nor any of its subsidiaries shall have sustained since the date of the latest audited financial statements
included in the Time of Sale Prospectus and the Prospectus any loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental action,
order or decree, otherwise than as set forth or contemplated in the Time of Sale Prospectus and the Prospectus, and (ii) since the respective dates as of which information is given in the Time of Sale Prospectus and the Prospectus there shall
not have been any change in the capital stock or long-term debt of the Company or any of its subsidiaries or any change, or any development involving a prospective change, in or affecting the general affairs, management, financial position,
stockholders’ equity or results of operations of the Company and its subsidiaries, 

  

 19 

 
otherwise than as set forth or contemplated in the Time of Sale Prospectus and the Prospectus, the effect of which, in any such case described in clause
(i) or (ii), is in the judgment of the Representatives so material and adverse as to make it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares being delivered at such Time of Delivery on the terms
and in the manner contemplated in the Time of Sale Prospectus and the Prospectus; 
 (h) On or after the Applicable Time of
Sale (i) no downgrading shall have occurred in the rating accorded the Company’s debt securities, if any, by any “nationally recognized statistical rating organization,” as that term is defined by the Commission for purposes of
Rule 436(g)(2) under the Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating, if any, of any of the Company’s debt securities;

 (i) On or after the Applicable Time of Sale there shall not have occurred any of the following: (i) a suspension or
material limitation in trading in securities generally on the New York Stock Exchange; (ii) a suspension or material limitation in trading in the Company’s securities on the New York Stock Exchange; (iii) a general moratorium on
commercial banking activities declared by either Federal or New York State authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States; (iv) the outbreak or escalation of
hostilities involving the United States or the declaration by the United States of a national emergency or war or (v) the occurrence of any other calamity or crisis or any change in financial, political or economic conditions in the United
States or elsewhere, if the effect of any such event specified in clause (iv) or (v) in the judgment of the Representatives makes it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares being
delivered at such Time of Delivery on the terms and in the manner contemplated in the Time of Sale Prospectus and the Prospectus; 
 (j) The Company has obtained and delivered to the Underwriters executed copies of an agreement from each of the Company’s officers and directors substantially to the effect set forth in Subsection 1(b)(iv) hereof with respect to such
officer or director, in form and substance satisfactory to you; 
 (k) The Company shall have complied with the provisions of
Section 5(c) hereof with respect to the furnishing of prospectuses on the New York Business Day next succeeding the date of this Agreement; and 
 (l) The Company and the Selling Stockholders shall have furnished or caused to be furnished to you at such Time of Delivery certificates of officers of the Company and of the Selling Stockholders, respectively,
satisfactory to you as to the accuracy of the representations and warranties of the Company and the Selling Stockholders, respectively, herein at and as of such Time of Delivery, as to the performance by the Company and the Selling Stockholders of
all of their respective obligations hereunder to be performed at or prior to such Time of Delivery, and as to such other matters as you may reasonably request, and the Company shall have furnished or caused to be furnished certificates as to the
matters set forth in subsections (a) and (g) of this Section. 
  

 20 

 9. (a) The Company will indemnify and hold harmless each Underwriter against any losses, claims, damages
or liabilities, to which such Underwriter may become subject, under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue
statement of a material fact contained in any Preliminary Prospectus, the Registration Statement, the Time of Sale Prospectus, the Prospectus, any Issuer Free Writing Prospectus or any amendment or supplement thereto, or any “issuer
information” filed or required to be filed pursuant to Rule 433(d) under the Act, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein, not misleading, and will reimburse each Underwriter for any legal or other expenses reasonably incurred by such Underwriter in connection with investigating or defending any such action or claim as such expenses are incurred;
provided, however, that the Company shall not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged
omission made in any Preliminary Prospectus, the Registration Statement, the Time of Sale Prospectus, the Prospectus, any Issuer Free Writing Prospectus or any such amendment or supplement in reliance upon and in conformity with written information
furnished to the Company by any Underwriter through the Representatives expressly for use therein. 
 (b) Each of the Selling
Stockholders, severally and not jointly, will indemnify and hold harmless each Underwriter against any losses, claims, damages or liabilities, joint or several, to which such Underwriter may become subject, under the Act or otherwise, insofar as
such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in any Preliminary Prospectus, the Registration Statement, the
Time of Sale Prospectus, the Prospectus, any Issuer Free Writing Prospectus, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in any Preliminary Prospectus, the
Registration Statement, the Time of Sale Prospectus, the Prospectus, any Issuer Free Writing Prospectus or any such amendment or supplement in reliance upon and in conformity with written information furnished to the Company by such Selling
Stockholder expressly for use therein; and will reimburse each Underwriter for any legal or other expenses reasonably incurred by such Underwriter in connection with investigating or defending any such action or claim as such expenses are incurred;
provided, however, that such Selling Stockholder shall not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or
alleged omission made in any Preliminary Prospectus, the Registration Statement, the Time of Sale Prospectus, the Prospectus, any Issuer Free Writing Prospectus or any such amendment or supplement in reliance upon and in conformity with written
information furnished to the Company by any Underwriter through the Representatives expressly for use therein. 
 (c) Each
Underwriter will indemnify and hold harmless the Company and each Selling Stockholder against any losses, claims, damages or liabilities to which the 

  

 21 

 
Company or such Selling Stockholder may become subject, under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in any Preliminary Prospectus, the Registration Statement, the Time of Sale Prospectus, the Prospectus, any Issuer Free
Writing Prospectus, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading,
in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in any Preliminary Prospectus, the Registration Statement, the Time of Sale Prospectus, the
Prospectus, any Issuer Free Writing Prospectus or any such amendment or supplement in reliance upon and in conformity with written information furnished to the Company by such Underwriter through the Representatives expressly for use therein; and
will reimburse the Company and each Selling Stockholder for any legal or other expenses reasonably incurred by the Company or such Selling Stockholder in connection with investigating or defending any such action or claim as such expenses are
incurred. 
 (d) Promptly after receipt by an indemnified party under subsection (a), (b), or (c) above of notice of the
commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under such subsection, notify the indemnifying party in writing of the commencement thereof; but the omission so to
notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party otherwise than under such subsection. In case any such action shall be brought against any indemnified party and it shall notify the
indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with
a single counsel (in addition to local counsel) satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and, after notice from the indemnifying party to such
indemnified party of its election so to assume the defense thereof, the indemnifying party shall not be liable to such indemnified party under such subsection for any legal expenses of other counsel or any other expenses, in each case subsequently
incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. No indemnifying party shall, without the written consent of the indemnified party, effect the settlement or compromise of, or
consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified party is an actual or potential party to such
action or claim) unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of such action or claim and (ii) does not include a statement as to or an
admission of fault, culpability or a failure to act, by or on behalf of any indemnified party. 
 (e) If the indemnification
provided for in this Section 9 is unavailable to or insufficient to hold harmless an indemnified party under subsection (a), (b) or (c) above in respect of any losses, claims, damages or liabilities (or actions in respect thereof)
referred to therein, then each indemnifying party shall contribute to the amount paid or 

  

 22 

 
payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is
appropriate to reflect the relative benefits received by the Company and the Selling Stockholders on the one hand and the Underwriters on the other from the offering of the Shares. If, however, the allocation provided by the immediately preceding
sentence is not permitted by applicable law or if the indemnified party failed to give the notice required under subsection (d) above, then each indemnifying party shall contribute to such amount paid or payable by such indemnified party in
such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of the Company and the Selling Stockholders on the one hand and the Underwriters on the other in connection with the statements or omissions
which resulted in such losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant equitable considerations. The relative benefits received by the Company and the Selling Stockholders on the one hand and the
Underwriters on the other shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) received by the Company and the Selling Stockholders bear to the total underwriting discounts and
commissions received by the Underwriters, in each case as set forth in the table on the cover page of the Prospectus. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or the Selling Stockholders on the one hand or the Underwriters on the other and the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or omission. The Company, each of the Selling Stockholders and the Underwriters agree that it would not be just and equitable if contributions pursuant to this subsection
(e) were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to above in this
subsection (e). The amount paid or payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to above in this subsection (e) shall be deemed to include any legal or other
expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this subsection (e), no Underwriter shall be required to contribute any amount in excess
of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages which such Underwriter has otherwise been required to pay by reason of such
untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. The Underwriters’ obligations in this subsection (e) to contribute are several in proportion to their respective underwriting obligations and not joint. 
 (f) The obligations of the Company and the Selling Stockholders under this Section 9 shall be in addition to any liability which the
Company and the respective Selling Stockholders may otherwise have and shall extend, upon the same terms and conditions, to each person, if any, who controls (within the meaning of Section 15 of the Act) any Underwriter, or any of the
respective partners, directors, officers and employees 

  

 23 

 
of any Underwriter or any such controlling person; and the obligations of the Underwriters under this Section 8 shall be in addition to any liability
which the respective Underwriters may otherwise have and shall extend, upon the same terms and conditions, to each officer and director of the Company (including any person who, with his or her consent, is named in the Registration Statement as
about to become a director of the Company) and to each person, if any, who controls the Company or any Selling Stockholder within the meaning of the Act. 
 10. (a) If any Underwriter shall default in its obligation to purchase the Shares which it has agreed to purchase hereunder at a Time of Delivery, you may in your discretion arrange for you or another party or other
parties to purchase such Shares on the terms contained herein. If within thirty-six hours after such default by any Underwriter you do not arrange for the purchase of such Shares, then the Company and the Selling Stockholders shall be entitled to a
further period of thirty-six hours within which to procure another party or other parties reasonably satisfactory to you to purchase such Shares on such terms. In the event that, within the respective prescribed periods, you notify the Company and
the Attorneys-in-Fact for the Selling Stockholders that you have so arranged for the purchase of such Shares, or the Company and the Attorneys-in-Fact for the Selling Stockholders notify you that they have so arranged for the purchase of such
Shares, you, the Company and the Selling Stockholders shall have the right to postpone a Time of Delivery for a period of not more than seven days, in order to effect whatever changes may thereby be made necessary in the Registration Statement or
the Prospectus, or in any other documents or arrangements, and the Company agrees to file promptly any amendments to the Registration Statement or the Prospectus which in your opinion may thereby be made necessary. The term “Underwriter”
as used in this Agreement shall include any person substituted under this Section with like effect as if such person had originally been a party to this Agreement with respect to such Shares. 
 (b) If, after giving effect to any arrangements for the purchase of the Shares of a defaulting Underwriter or Underwriters by you, the
Company and the Selling Stockholders as provided in subsection (a) above, the aggregate number of such Shares which remains unpurchased does not exceed one-eleventh of the aggregate number of all the Shares to be purchased at such Time of
Delivery, then the Company and the Selling Stockholders shall have the right to require each non-defaulting Underwriter to purchase the number of Shares which such Underwriter agreed to purchase hereunder at such Time of Delivery and, in addition,
to require each non-defaulting Underwriter to purchase its pro rata share (based on the number of Shares which such Underwriter agreed to purchase hereunder) of the Shares of such defaulting Underwriter or Underwriters for which such arrangements
have not been made; but nothing herein shall relieve a defaulting Underwriter from liability for its default. 
 (c) If, after
giving effect to any arrangements for the purchase of the Shares of a defaulting Underwriter or Underwriters by you, the Company and the Selling Stockholders as provided in subsection (a) above, the aggregate number of such Shares which remains
unpurchased exceeds one-eleventh of the aggregate number of all of the Shares to be purchased at such Time of Delivery, or if the Selling Stockholders shall not exercise the right described in subsection (b) above to require non-defaulting
Underwriters to purchase Shares of a defaulting Underwriter or Underwriters, then this 

  

 24 

 
Agreement (or, with respect to the Second Time of Delivery, the obligations of the Underwriters to purchase and of the Selling Stockholders to sell the
Optional Shares) shall thereupon terminate, without liability on the part of any non-defaulting Underwriter or the Selling Stockholders, except for the expenses to be borne by the Company and the Selling Stockholders and the Underwriters as provided
in Section 6 hereof and the indemnity and contribution agreements in Section 9 hereof; but nothing herein shall relieve a defaulting Underwriter from liability for its default. 
 11. The respective indemnities, agreements, representations, warranties and other statements of the Company, the Selling Stockholders and the several
Underwriters, as set forth in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall remain in full force and effect, regardless of any investigation (or any statement as to the results thereof) made by or on
behalf of any Underwriter or any controlling person of any Underwriter, or the Company, or any of the Selling Stockholders, or any officer or director or controlling person of the Company, or any controlling person of any Selling Stockholder, and
shall survive delivery of and payment for the Shares. 
 12. If for any reason any Shares are not delivered by or on behalf of the Selling
Stockholders as provided herein, the Selling Stockholders pro rata (based on the number of Shares to be sold by such Selling Stockholder hereunder) will reimburse the Underwriters through you for all out-of-pocket expenses approved in writing by
you, including fees and disbursements of counsel, reasonably incurred by the Underwriters in making preparations for the purchase, sale and delivery of the Shares not so delivered, but the Selling Stockholders shall then be under no further
liability to any Underwriter in respect of the Shares not so delivered except as provided in Sections 6 and 9 hereof. 
 13. In all dealings
hereunder, you shall act on behalf of each of the Underwriters, and the parties hereto shall be entitled to act and rely upon any statement, request, notice or agreement on behalf of any Underwriter made or given by you jointly; and in all dealings
with any Selling Stockholder hereunder, you and the Company shall be entitled to act and rely upon any statement, request, notice or agreement on behalf of such Selling Stockholder made or given by any or all of the Attorneys-in-Fact for such
Selling Stockholder. 
 All statements, requests, notices and agreements hereunder shall be in writing, and if to the Underwriters, shall be
delivered or sent by mail, telex or facsimile transmission to you as the Representatives in care of (i) Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, Attention: Registration Department; and (ii) Banc of America
Securities LLC, 40 West 57th Street, New York, New York 10019, Attention: High Grade Transaction Management/Legal;
if to any Selling Stockholder shall be delivered or sent by mail, telex or facsimile transmission to counsel to such Selling Stockholder at its address set forth in Schedule II hereto; and if to the Company shall be delivered or sent by mail, telex
or facsimile transmission to the address of the Company set forth in the Registration Statement, Attention: General Counsel; provided, however, that any notice to an Underwriter pursuant to Section 9(d) hereof shall be delivered
or sent by mail, telex or facsimile transmission to such Underwriter at its address set forth in its Underwriters’ Questionnaire or telex constituting such Questionnaire, which address will be supplied to the Company or the Selling Stockholders
by you on request. Any such statements, requests, notices or agreements shall take effect upon receipt thereof. 
  

 25 

 14. This Agreement shall be binding upon, and inure solely to the benefit of, the Underwriters, the
Company and the Selling Stockholders and, to the extent provided in Sections 9 and 11 hereof, the officers and directors of the Company and each person who controls (within the meaning of Section 15 of the Act) the Company, any Selling
Stockholder, any Underwriter, or any of the respective partners, directors, officers, employees and agents of the Underwriters or any such controlling person of an Underwriter, and their respective heirs, executors, administrators, successors and
assigns, and no other person shall acquire or have any right under or by virtue of this Agreement. No purchaser of any of the Shares from any Underwriter shall be deemed a successor or assign by reason merely of such purchase. 
 15. Time shall be of the essence of this Agreement. As used herein, the term “business day” shall mean any day when the Commission’s
office in Washington, D.C. is open for business. 
 16. This Agreement shall be governed by and construed in accordance with the laws of the
State of New York. 
 17. This Agreement may be executed by any one or more of the parties hereto in any number of counterparts, each of
which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 
 18. The Company
and the Selling Stockholders are authorized, subject to applicable law, to disclose any and all aspects of this potential transaction that are necessary to support any U.S. federal income tax benefits expected to be claimed with respect to such
transaction, and all materials of any kind (including tax opinions and other tax analyses) related to those benefits, without the Underwriters imposing any limitation of any kind. 
 19. The Company and each of the Selling Stockholders acknowledge and agree that, in connection with the purchase and sale of the Shares pursuant to this
Agreement, (i) the purchase and sale of the Shares pursuant to this Agreement, including the determination of the public offering price of the Shares and any related discounts and commissions, is an arm’s length commercial transaction
between the Company and the Selling Stockholders, on the one hand, and the several Underwriters, on the other hand, (ii) and in connection with the process leading to such transaction, each Underwriter is and has been acting solely as a
principal and is not the agent or fiduciary of the Company, any Selling Stockholder, or their respective stockholders, creditors, employees or any other party, (iii) no Underwriter has assumed or will assume an advisory or fiduciary
responsibility in favor of the Company or any Selling Stockholder with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether such Underwriter has advised or is currently advising the Company or any
Selling Stockholder on other matters) and no Underwriter has any obligation to the Company or any Selling Stockholder with respect to the offering contemplated hereby except the obligations expressly set forth in this Agreement, (iv) the
Underwriters and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Company or any Selling Stockholder, and (v) the Underwriters have not provided any legal,
accounting, regulatory or tax advice with respect to the offering contemplated hereby and the Company and each Selling Stockholder has consulted its own legal, accounting, regulatory and tax advisors to the extent it deemed appropriate. 

 

 26 

 This Agreement supersedes all prior agreements and understandings (whether written or oral) between the
Company and the Underwriter with respect to the subject matter hereof. 
 The Company and the Underwriter hereby irrevocably waives, to the
fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. 
 If the foregoing is in accordance with your understanding, please sign and return to us eight counterparts hereof, and upon the acceptance hereof by you,
on behalf of each of the Underwriters, this letter and such acceptance hereof shall constitute a binding agreement among each of the Underwriters, the Company and each of the Selling Stockholders. It is understood that your acceptance of this letter
on behalf of each of the Underwriters is pursuant to the authority set forth in a form of Agreement among Underwriters, the form of which shall be submitted to the Company and the Selling Stockholders for examination, upon request, but without
warranty on your part as to the authority of the signers thereof. 
  

 27 

 Any person executing and delivering this Agreement as Attorney-in-Fact for a Selling Stockholder
represents by so doing that he has been duly appointed as Attorney-in-Fact by such Selling Stockholder pursuant to a validly existing and binding Power-of-Attorney which authorizes such Attorney-in-Fact to take such action. 
  

					
		 	Very truly yours,
		
		 	National Financial Partners Corp.
			
		 	By:	 	 /s/ Mark C. Biderman

		 	Name:	 	Mark C. Biderman
		 	Title:	 	Executive Vice President and Chief Financial Officer
		
		 	The Selling Stockholders named in Schedule II to this Agreement
			
		 	By:	 	 /s/ Mark C. Biderman

		 	Name:	 	Mark C. Biderman
		 	Title:	 	Executive Vice President and Chief Financial Officer
		 	As Attorney-in-Fact acting on behalf of each of the Selling Stockholders named in Schedule II to this Agreement

  

 28 

			
	Accepted as of the date hereof
	
	Goldman, Sachs & Co.
		
	By:	 	/s/ Goldman, Sachs & Co.
		 	(Goldman, Sachs & Co.)
	
	Banc of America Securities LLC
		
	By:	 	 /s/ Justin Milberg

		 	Justin Milberg, Managing Director
		
		 	On behalf of each of the Underwriters

 SCHEDULE I(a) 
  

					
	 Underwriter
	  	Total Number
of Firm Shares
to be
Purchased	  	 Number of
Optional Shares
to be Purchased
 if Maximum
 Option Exercised

	 Goldman, Sachs & Co.
	  	665,298	  	765,050
	 Banc of America Securities LLC
	  	332,649	  	382,525
	 Merrill Lynch, Pierce, Fenner & Smith Incorporated
	  	110,883	  	127,508
		  	 	  	 
	 Total
	  	1,108,830	  	1,275,083
		  	 	  	 

 SCHEDULE I(b) 
  

					
	 Underwriter
	  	Total Number
of Firm Shares
to be
Purchased
from Apollo	  	 Number of
Optional Shares
 to be Purchased
 from
Apollo
 if Maximum
 Option Exercised

	 Goldman, Sachs & Co.
	  	300,011	  	345,013
	 Banc of America Securities LLC
	  	150,006	  	172,507
	 Merrill Lynch, Pierce, Fenner & Smith Incorporated
	  	50,002	  	57,502
		  	 	  	 
	 Total
	  	500,019	  	575,022
		  	 	  	 

  

 I-1 

 SCHEDULE II 
  

													
	 	  	 Shares
 Beneficially Owned Before
 Offering
	 	 	 Shares
Being
 Offered
	  	 Shares
 Beneficially Owned
 After
Offering
	 
	 Stockholder Name
	  	Number	  	Percentage	 	 	  	Number	  	Percentage	 
	 Executive Officers and Directors
	  		  			 		  		  		
						
	 Jessica M. Bibliowicz
	  	661,248	  	1.70	%	 	—  	  	661,248	  	1.77	%
	 Mark C. Biderman
	  	195,782	  	0.50	 	 	—  	  	195,782	  	0.53	 
	 Robert R. Carter
	  	159,967	  	0.41	 	 	—  	  	159,967	  	0.43	 
	 Douglas W. Hammond
	  	55,677	  	0.14	 	 	—  	  	55,677	  	0.15	 
	 Jeffrey A. Montgomery
	  	53,389	  	0.14	 	 	—  	  	53,389	  	0.14	 
	 Stephanie W. Abramson
	  	16,340	  	0.04	 	 	—  	  	16,340	  	0.04	 
	 Arthur S. Ainsberg
	  	23,840	  	0.06	 	 	—  	  	23,840	  	0.06	 
	 Marc E. Becker
	  	—  	  			 	—  	  	—  	  	—  	 
	 John A. Elliott
	  	7,607	  	0.02	 	 	—  	  	7,607	  	0.02	 
	 Shari Loessberg
	  	9,840	  	0.03	 	 	—  	  	9,840	  	0.03	 
	 Kenneth C. Mlekush
	  	11,007	  	0.03	 	 	—  	  	11,007	  	0.03	 
	 All executive officers and directors as a group (14 persons)
	  	1,291,540	  	3.31	%	 	6,153	  	1,285,387	  	3.45	%
						
	 5% Stockholders
	  		  			 		  		  		
						
	 Apollo Management IV, L.P.
	  	3,875,037	  	9.94	%	 	500,019	  	1,375,018	  	3.69	%
	 Atticus Capital LP
	  	2,050,300	  	5.26	%	 	—  	  	2,050,300	  	5.50	%
						
	 Other Selling Stockholders
	  		  			 		  		  		
						
	 Adam Marc Katz Trust Dtd 10/10/89, Stuart M. Katz, Trustee
	  	2,086	  	 	*	 	1,008	  	1,078	  	 	*
	 John S. Adams
	  	2,258	  	 	*	 	1,692	  	566	  	 	*
	 Kimberly L. Adams
	  	1,355	  	 	*	 	381	  	974	  	 	*
	 Alan L. Kaye 1993 Irrevocable Trust dated 3/12/93
	  	4,000	  	 	*	 	750	  	3,250	  	 	*
	 Carole and Barry Kaye Foundation
	  	25,000	  	 	*	 	25,000	  	—  	  	 	*
	 David Alexander
	  	20,670	  	 	*	 	6,666	  	14,004	  	 	*
	 Deborah Dentry Baggett
	  	6,000	  	 	*	 	3,600	  	2,400	  	 	*
	 M.L. Ballew, III
	  	577	  	 	*	 	226	  	351	  	 	*
	 Suzanne Butwin Bell
	  	10,000	  	 	*	 	6,000	  	4,000	  	 	*
	 Timothy R. Bell
	  	7,985	  	 	*	 	1,223	  	6,762	  	 	*
	 Michael S. Benoit
	  	6,963	  	 	*	 	3,287	  	3,676	  	 	*
	 Biborosch Family Limited Partners
	  	6,265	  	 	*	 	2,460	  	3,805	  	 	*
	 Richard F. Biborosch
	  	1,361	  	 	*	 	536	  	825	  	 	*
	 Robert L. Bingham
	  	10,959	  	 	*	 	2,025	  	8,934	  	 	*
	 William J. Bingham
	  	8,766	  	 	*	 	3,038	  	5,728	  	 	*
	 Kevin H. Blood
	  	4,167	  	 	*	 	1,249	  	2,918	  	 	*
	 Michael Book
	  	25,508	  	 	*	 	7,406	  	18,102	  	 	*

													
	 	  	 Shares
 Beneficially Owned Before
 Offering
	 	 	 Shares
Being
 Offered
	  	 Shares
 Beneficially Owned
 After
Offering
	 
	 Stockholder Name
	  	Number	  	Percentage	 	 	  	Number	  	Percentage	 
	 Brenda Blythe Trust
	  	420,269	  	1.08	 	 	132,419	  	287,850	  	 	*
	 Kevin Lee Brown
	  	15,384	  	 	*	 	7,626	  	7,758	  	 	*
	 Richard W. Brown
	  	5,537	  	 	*	 	666	  	4,871	  	 	*
	 Clinton D. Bucher
	  	1,881	  	 	*	 	1,128	  	753	  	 	*
	 Dennis P. Buckalew
	  	2,880	  	 	*	 	719	  	2,161	  	 	*
	 Kevin P. Burke
	  	2,408	  	 	*	 	752	  	1,656	  	 	*
	 Leslie A. Burke
	  	48,562	  	 	*	 	35,970	  	12,592	  	 	*
	 Ernesto Duran Cancel
	  	5,361	  	 	*	 	1,722	  	3,639	  	 	*
	 Caren S. Schneider Trust Dtd 8/19/97, Caren S. Schneider, Trustee
	  	9,400	  	 	*	 	1,667	  	7,733	  	 	*
	 Gregory Clarke
	  	6,929	  	 	*	 	4,468	  	2,461	  	 	*
	 Kenneth Larkin Cooper
	  	15,131	  	 	*	 	7,626	  	7,505	  	 	*
	 Stephen A. Cooper
	  	60,286	  	 	*	 	25,074	  	35,212	  	 	*
	 Karen Cunningham
	  	8,372	  	 	*	 	2,414	  	5,958	  	 	*
	 James E. Dayhoff, Jr
	  	15,131	  	 	*	 	7,626	  	7,505	  	 	*
	 Christiane S. Delessert
	  	10,092	  	 	*	 	1,779	  	8,313	  	 	*
	 Denver United Methodist Church
	  	3,750	  	 	*	 	3,750	  	—  	  	 	*
	 Adriane M. DiMeo Trust
	  	9,338	  	 	*	 	6,555	  	2,783	  	 	*
	 Susan Rae Eisenberg
	  	156,712	  	 	*	 	22,348	  	134,364	  	 	*
	 Elizabeth Meltzer Trust
	  	5,032	  	 	*	 	1,575	  	3,457	  	 	*
	 V. Raymond Ferrara & Kimbrough F. Ferrara, Tenants by Entireties
	  	30,682	  	 	*	 	8,984	  	21,698	  	 	*
	 Samuel Froedge
	  	3,688	  	 	*	 	2,378	  	1,310	  		
	 Patrick J. Gallagher
	  	15,746	  	 	*	 	5,184	  	10,562	  	 	*
	 Stephanie M. Gardner
	  	1,459	  	 	*	 	258	  	1,201	  	 	*
	 Matthew Aaron Garrett
	  	15,412	  	 	*	 	3,082	  	12,330	  	 	*
	 Steven D. Gettis
	  	2,200	  	 	*	 	844	  	1,356	  	 	*
	 GMRNFP Investments LLC
	  	71,197	  	 	*	 	28,830	  	42,367	  	 	*
	 Joe R. Goodwin
	  	14,095	  	 	*	 	9,090	  	5,005	  	 	*
	 Heidi D. Gorsuch
	  	720	  	 	*	 	240	  	480	  	 	*
	 Stephanie M. Gardner, Custodian FBO Gabrielle Greenwell
	  	600	  	 	*	 	112	  	488	  	 	*
	 Mark C. Griffith
	  	1,313	  	 	*	 	524	  	789	  	 	*
	 James E. Hartfield
	  	42,752	  	 	*	 	6,988	  	35,764	  	 	*
	 Jeffrey Scott Hartfield
	  	1,905	  	 	*	 	1,355	  	550	  	 	*
	 Jeffrey Scott Hartfield, Custodian FBO Brandon Lee Hartfield
	  	750	  	 	*	 	600	  	150	  	 	*
	 Jeffrey Scott Hartfield, Custodian FBO Dakota Carson Hartfield
	  	750	  	 	*	 	600	  	150	  	 	*
	 Jeffrey Scott Hartfield, Custodian FBO Jeffrey Scott Hartfield, Jr
	  	750	  	 	*	 	600	  	150	  	 	*
	 Todd S. Healy
	  	19,689	  	 	*	 	6,200	  	13,489	  	 	*
	 Todd Heckman
	  	1,418	  	 	*	 	914	  	504	  	 	*

  

 S-I-2 

													
	 	  	 Shares
 Beneficially Owned Before
 Offering
	 	 	 Shares
Being
 Offered
	  	 Shares
 Beneficially Owned
 After
Offering
	 
	 Stockholder Name
	  	Number	  	Percentage	 	 	  	Number	  	Percentage	 
	 George W. Hester
	  	1,918	  	 	*	 	1,104	  	814	  	 	*
	 Stephen Hill
	  	12,477	  	 	*	 	3,750	  	8,727	  	 	*
	 Elliot M. Holtz
	  	51,623	  	 	*	 	6,153	  	45,470	  	 	*
	 N. Douglas Hostetler
	  	31,153	  	 	*	 	14,994	  	16,159	  	 	*
	 James Kelly Hudelson
	  	21,783	  	 	*	 	5,341	  	16,442	  	 	*
	 Jewish Federation of South Palm Beach County
	  	3,000	  	 	*	 	3,000	  	—  	  	 	*
	 Infinity Trust, Harry M. McCabe Trustee
	  	2,019	  	 	*	 	504	  	1,515	  	 	*
	 John lrvin
	  	29,038	  	 	*	 	7,038	  	22,000	  	 	*
	 Jacob Burns Film Center
	  	1,100	  	 	*	 	1,100	  	—  	  	 	*
	 Jennifer Meltzer Trust
	  	5,032	  	 	*	 	1,575	  	3,457	  	 	*
	 Jerome T. Butwin Revocable Trust
	  	34,932	  	 	*	 	14,554	  	20,378	  	 	*
	 Joel R. Baker Revocable Trust
	  	20,722	  	 	*	 	9,866	  	10,856	  	 	*
	 Jonathan Katz Trust 2 Dtd 10/1/82, Stuart M.Katz, Trustee
	  	2,086	  	 	*	 	1,008	  	1,078	  	 	*
	 John Thomas Kraemer & Cim Shami Kraemer Intervivos Trust 1993, John Thomas Kraemer, Trustee
	  	50,853	  	 	*	 	6,673	  	44,180	  	 	*
	 Jordon R. Katz Revocable Trust, Dtd November 20, 2000, Jordon R. Katz,Trustee
	  	37,956	  	 	*	 	14,722	  	23,234	  	 	*
	 Alan L. Kaye
	  	64,319	  	 	*	 	11,269	  	53,050	  	 	*
	 Barry Kaye
	  	247,142	  	 	*	 	159,445	  	87,697	  	 	*
	 Howard Kaye
	  	148,161	  	 	*	 	22,301	  	125,860	  	 	*
	 Joseph D. Kelly
	  	15,970	  	 	*	 	2,446	  	13,524	  	 	*
	 Suzanne G. Kelly
	  	15,970	  	 	*	 	2,446	  	13,524	  	 	*
	 Steven Kolinsky
	  	18,958	  	 	*	 	3,750	  	15,208	  	 	*
	 William J. Kring
	  	10,242	  	 	*	 	2,288	  	7,954	  	 	*
	 Steven H. Kronethal
	  	7,415	  	 	*	 	2,578	  	4,837	  	 	*
	 Richard R. Kruse
	  	5,670	  	 	*	 	2,700	  	2,970	  	 	*
	 Lafa ette College
	  	25,000	  	 	*	 	25,000	  	—  	  	 	*
	 Michael J. Lancaster
	  	7,220	  	 	*	 	4,762	  	2,458	  	 	*
	 John Lanning and Carol Lanning JTWROS
	  	13,709	  	 	*	 	2,378	  	11,331	  	 	*
	 Gregory K. Large
	  	26,744	  	 	*	 	2,556	  	24,188	  	 	*
	 Leslie H. Zuckerman Revocable Trust
	  	21,320	  	 	*	 	3,672	  	17,648	  	 	*
	 Larry Letterio
	  	20,283	  	 	*	 	3,855	  	16,428	  	 	*
	 Lindsay & Associates Incorporated Employees Profit Sharing Plan, William Lindsay, Trustee
	  	2,728	  	 	*	 	2,180	  	548	  	 	*
	 Thomas L. Long
	  	17,125	  	 	*	 	3,425	  	13,700	  	 	*
	 David A. Maschino
	  	26,709	  	 	*	 	9,697	  	17,012	  	 	*
	 Mike Mathloudakis
	  	1,881	  	 	*	 	1,504	  	377	  	 	*

  

 S-I-3 

													
	 	  	 Shares
 Beneficially Owned Before
 Offering
	 	 	 Shares
Being
 Offered
	  	 Shares
 Beneficially Owned
 After
Offering
	 
	 Stockholder Name
	  	Number	  	Percentage	 	 	  	Number	  	Percentage	 
	 Mark Meltzer Trust
	  	4,923	  	 	*	 	1,575	  	3,348	  	 	*
	 Max Meltzer Trust
	  	4,923	  	 	*	 	1,575	  	3,348	  	 	*
	 Alan L. Meltzer
	  	180,994	  	 	*	 	39,863	  	141,131	  	 	*
	 Marvin Meyer
	  	44,224	  	 	*	 	12,709	  	31,515	  	 	*
	 Michael Zanders IRA, NFS as custodian
	  	7,410	  	 	*	 	3,243	  	4,167	  	 	*
	 Richard Morley
	  	15,980	  	 	*	 	4,700	  	11,280	  	 	*
	 Philip Moroneso
	  	8,062	  	 	*	 	1,612	  	6,450	  	 	*
	 James J. Moynihan
	  	3,762	  	 	*	 	3,608	  	154	  	 	*
	 Robert E. Muzikowski
	  	8,551	  	 	*	 	1,265	  	7,286	  	 	*
	 Mark A. Nelson
	  	5,625	  	 	*	 	3,308	  	2,317	  	 	*
	 Raymond P. Newsom
	  	22,155	  	 	*	 	11,908	  	10,247	  	 	*
	 Michael R. O’Riordan
	  	37,370	  	 	*	 	9,954	  	27,416	  	 	*
	 Bryan Ohm
	  	4,068	  	 	*	 	405	  	3,663	  	 	*
	 Gregory L. Olsen
	  	12,880	  	 	*	 	4,365	  	8,515	  	 	*
	 Elaine M. Paris
	  	2,400	  	 	*	 	1,000	  	1,400	  	 	*
	 PCG Foundation
	  	1,200	  	 	*	 	1,200	  	—  	  	 	*
	 Esther S. Pearlstone
	  	4,228	  	 	*	 	2,727	  	1,501	  	 	*
	 Anthony C. Peyser
	  	20,670	  	 	*	 	6,666	  	14,004	  	 	*
	 Eric A. Pockross
	  	7,216	  	 	*	 	2,000	  	5,216	  	 	*
	 Donald Brent Portell
	  	37,323	  	 	*	 	14,928	  	22,395	  	 	*
	 Donald J. Portell
	  	55,452	  	 	*	 	13,863	  	41,589	  	 	*
	 Ernharth & Associates, Inc. Profit Sharing Plan Account of Ronald L. Ernharth
	  	6,575	  	 	*	 	5,190	  	1,385	  	 	*
	 Lorraine Quackenbush
	  	2,000	  	 	*	 	1,600	  	400	  	 	*
	 Denise Quinn
	  	5,272	  	 	*	 	1,126	  	4,146	  	 	*
	 Gerald and Kimberly Rappold
	  	2,428	  	 	*	 	1,038	  	1,390	  	 	*
	 Lawrence B. Raymond Ttee UA Dtd 3/14/82 Lawrence B. Raymond
	  	4,000	  	 	*	 	3,420	  	580	  	 	*
	 John Daniel Rigby
	  	20,627	  	 	*	 	8,594	  	12,033	  	 	*
	 Robert Rosen
	  	202,694	  	 	*	 	34,918	  	167,776	  	 	*
	 Robert and Dale Rosen Charitable Foundation
	  	8,730	  	 	*	 	8,730	  	—  	  		
	 Robert A. DiMeo Trust Dtd 6/19/96, Robert DiMeo Trustee
	  	8,835	  	 	*	 	4,053	  	4,782	  	 	*
	 Christopher R. Sampers
	  	380	  	 	*	 	100	  	280	  	 	*
	 Aviva E. Sapers
	  	4,949	  	 	*	 	871	  	4,078	  	 	*
	 Glenda Schmidt
	  	10,769	  	 	*	 	593	  	10,176	  	 	*
	 Karen Schmidt
	  	1,761	  	 	*	 	183	  	1,578	  	 	*
	 Frank G. Schwartz
	  	2,634	  	 	*	 	564	  	2,070	  	 	*
	 Judy Siegel
	  	1,415	  	 	*	 	366	  	1,049	  	 	*
	 Howard Silverman
	  	17,505	  	 	*	 	2,518	  	14,987	  	 	*
	 John D. Smith
	  	45,019	  	 	*	 	27,316	  	17,703	  	 	*

  

 S-I-4 

													
	 	  	 Shares
 Beneficially Owned Before
 Offering
	 	 	 Shares
Being
 Offered
	  	 Shares
 Beneficially Owned
 After
Offering
	 
	 Stockholder Name
	  	Number	  	Percentage	 	 	  	Number	  	Percentage	 
	 Jeffrey Solodkin & Erica Solodkin, Tenants by the Entirety
	  	32,582	  	 	*	 	5,920	  	26,662	  	 	*
	 Jacqueline Stirling
	  	8,933	  	 	*	 	2,575	  	6,358	  	 	*
	 Stanley l. Strouch
	  	659	  	 	*	 	400	  	259	  	 	*
	 Peter A. Sturrock
	  	430	  	 	*	 	172	  	258	  	 	*
	 Ike J. Talbot
	  	1,076	  	 	*	 	746	  	330	  		
	 Jeffrey S. Tate
	  	7,224	  	 	*	 	479	  	6,745	  	 	*
	 Thomas L. Taylor
	  	8,933	  	 	*	 	2,575	  	6,358	  	 	*
	 Kara Thompson & Marty Thompson, Joint Tenants
	  	155	  	 	*	 	100	  	55	  	 	*
	 Steven P. Thompson
	  	3,848	  	 	*	 	1,436	  	2,412	  	 	*
	 AlgotThorell
	  	3,458	  	 	*	 	1,015	  	2,443	  	 	*
	 Randy Thurman
	  	6,628	  	 	*	 	3,636	  	2,992	  	 	*
	 Thomas Creagher Turner
	  	397	  	 	*	 	118	  	279	  	 	*
	 Richard J. Valentine
	  	209,042	  	 	*	 	103,565	  	105,477	  	 	*
	 Walter H. Van Buren
	  	3,160	  	 	*	 	1,031	  	2,129	  	 	*
	 Kenneth W. Vander Hart
	  	3,751	  	 	*	 	2,205	  	1,546	  	 	*
	 Edward L. Wallack
	  	2,389	  	 	*	 	1,045	  	1,344	  	 	*
	 Richard Wezner
	  	15,501	  	 	*	 	10,000	  	5,501	  	 	*
	 Patrick S. Williams
	  	20,086	  	 	*	 	6,019	  	14,067	  	 	*
	 William A. Schneider Trust Dtd 8/19/97
	  	13,963	  	 	*	 	2,242	  	11,721	  	 	*
	 Howard Winitsky
	  	22,671	  	 	*	 	6,818	  	15,853	  	 	*
	 Larry Winsten
	  	26,167	  	 	*	 	4,334	  	21,833	  	 	*
	 Lisa Winsten
	  	3,557	  	 	*	 	623	  	2,934	  	 	*
	 Robert L. Winter
	  	12,814	  	 	*	 	1,624	  	11,190	  	 	*
	 Bernard Wolfe
	  	9,517	  	 	*	 	3,185	  	6,332	  	 	*
	 Bonnie L. Zagula
	  	1,700	  	 	*	 	1,347	  	353	  	 	*
	 Mathew E. Zagula & Stephanie Zagula, Joint Tenants
	  	1,094	  	 	*	 	898	  	196	  	 	*
	 Combined Jewish Philanthropies of Greater Boston
	  	1,916	  	 	*	 	1,916	  	—  	  	 	*

 These Selling Stockholders are represented by Morrison & Foerster LLP and have appointed
Jessica M. Bibliowicz, Mark C. Biderman and Douglas W. Hammond, and each of them, as the Attorneys-in-Fact for such Selling Stockholders 
  

 S-I-5 

 SCHEDULE III 
 List of Subsidiaries (as defined in Section 1(a)(v)) 
 NFP Insurance Services, Inc. 
 NFP Securities, Inc. 
 Massachusetts Business Association, L.L.C. 

 SCHEDULE IV(a) 
 The Term Sheet attached to this Agreement as Annex I 

 SCHEDULE IV(b) 
 Issuer Free Writing Prospectus filed with the Commission on January 16, 2007; and Electronic Roadshow Presentation as filed on netroadshow.com 

 Exhibit B 
 [Opinion of LeBoeuf, Lamb, Greene & MacRae LLP] 
  

 B-1 

 Exhibit C-1 
 [Opinion of Skadden, Arps, Slate, Meagher & Flom LLP] 
  

 C-1 

 Exhibit C-2 
 [Tax Opinion of Skadden, Arps, Slate, Meagher & Flom LLP] 
  

 C-2 

 Exhibit C-3 
 [Negative Assurance Letter of Skadden, Arps, Slate, Meagher & Flom LLP] 
  

 C-3 

 Exhibit D 
 [Opinion of Douglas W. Hammond] 
  

 D-1 

 Exhibit E 
 [Opinion of Morrison & Foerster LLP] 
  

 E-1 

 ANNEX I 
 Term Sheet to 
 Preliminary Prospectus Supplement 
 Registration Statement No. 333-134915 
 Dated January 17, 2007 
 Rule 433 
 FINAL PRICING TERMS 
  

			
	The issuer	  	National Financial Partners Corp. (NYSE: NFP).
		
	Securities offered	  	1,608,849 shares of common stock of the issuer, par value $0.10 per share, to be sold by certain stockholders of the issuer.
		
	Over-allotment option	  	241,256 shares.
		
	Price to public	  	$46.35 per share.
		
	Trade date	  	January 17, 2007.
		
	Settlement date	  	January 22, 2007.
		
	Joint book-running managers	  	Goldman, Sachs & Co. and Banc of America Securities LLC.
		
	Joint lead manager	  	Merrill Lynch & Co.
		
	Concurrent offering of convertible senior notes	  	 Concurrently with this offering, the issuer offered $200,000,000 aggregate principal amount of convertible senior notes due 2012 (plus an option to
purchase up to an additional $30,000,000 aggregate principal amount to cover overallotments). The notes are convertible into common stock at a conversion rate of 17.9791 shares of common stock per $1,000 principal amount of notes, subject to
adjustment.
  
 The issuer intends to apply the net proceeds from the concurrent offering
to the following uses:
  
 (i) approximately $19.0 million (and additional proceeds if the
if the underwriters exercise their over-allotment option in full) to pay the net cost of the convertible note hedge and warrant transactions;
  
 (ii) Approximately $92.7 million to repurchase 2,000,000 shares (or $106.6 million to repurchase 2,300,000 shares if the underwriters exercise their option to purchase
additional shares in full in this offering) of the issuer’s common stock from Apollo Investment Fund IV, L.P. and Apollo Overseas Partners IV, L.P. in the privately negotiated transaction described under the caption
“Summary—Concurrent Transactions” of the prospectus supplement; and
  
 (iii) the repayment of a portion of outstanding amounts of principal and interest under its revolving credit facility.
  
 The consummation of this offering is not conditioned upon the consummation of the concurrent offering of the notes and vice versa.

			
	Purchase of Convertible Note Hedge and Sale of Warrant	  	In connection with the offering of the notes, the issuer intends to enter into a convertible note hedge transaction with respect to the issuer’s common stock with one or more of the
underwriters (and/or one or more of its/their affiliates) (the “counterparty”). The convertible note hedge transaction will cover, subject to customary anti-dilution adjustments, approximately 3.6 million shares of the issuer’s common
stock. Concurrently with entering into the convertible note hedge transaction, the issuer also intends to enter into a warrant transaction whereby the issuer will sell to the counterparty warrants to acquire, subject to customary anti-dilution
adjustments, approximately 3.6 million shares of the issuer’s common stock. If the underwriters exercise their over-allotment option to purchase additional notes, the issuer expects to use a portion of the net proceeds from the sale of the
additional notes to enter into an additional convertible note hedge transaction. In such event, the issuer would also expect to enter into an additional warrant transaction.

 The issuer has filed a registration statement (including a prospectus, dated June 9, 2006, and a
preliminary prospectus supplement, dated January 16, 2007) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and prospectus supplement and other
documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies may be obtained from
Goldman, Sachs & Co., Attn: Prospectus Dept., 85 Broad Street, New York, NY 10004 , Fax: 212-902-9316 or email at prospectus-ny@ny.email.gs.com or Banc of America Securities LLC toll-free at 1-800-294-1322 (or you may e-mail a request to
dg.prospectus_distribution@bofasecurities.com). 

 ANNEX I(a) 
 Comfort Letter 

 ANNEX I(b) 
 Draft of Bring-Down Comfort Letter

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