Document:

EXHIBIT 4.17

 

	 	 	

	 	 

    DIGITAL BRANDS GROUP, INC.
	 
	 	AND	 
	 	Trustee	 
	 	FORM
    OF INDENTURE	 
	 	Dated
    as of	 
	 	Debt
    Securities	 
	 	 	 
	 	 	 
	 	 

    Reconciliation and tie
    between

    Trust Indenture Act of 1939, as amended,

    and the Indenture
	 
	 	 	 
	Trust Indenture Act Section	 	Indenture Section
	 	 	 
	(S)310(a)(1)	 	6.8
	(a)(2)	 	6.8
	(b)	 	6.9
	(S)312(a)	 	7.1
	(b)	 	7.2
	(c)	 	7.2
	(S)313(a)	 	7.3
	(b)(2)	 	7.3
	(c)	 	7.3
	(d)	 	7.3
	(S)314(a)	 	7.4
	(c)(1)	 	1.2
	(c)(2)	 	1.2
	(e)	 	1.2
	(f)	 	1.2
	(S)316(a) (last sentence)	 	1.1
	(a)(1)(A)	 	5.2, 5.12
	(a)(1)(B)	 	5.13
	(b)	 	5.8
	(S)317(a)(1)	 	5.3
	(a)(2)	 	5.4
	(b)	 	10.3
	(S)318(a)	 	1.8

 

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

 

    i

     

    

  

Table of Contents

 

Page

 

	Article 1 DEFINITIONS AND OTHER PROVISIONS
    OF GENERAL APPLICATION	1
	Section 1.1	Definitions;
    Rules of Construction	1
	Section 1.2	Compliance Certificates
    and Opinions	8
	Section 1.3	Form of Documents Delivered
    to Trustee	8
	Section 1.4	Acts of Holders	9
	Section 1.5	Notices, etc., to Trustee
    and Company	10
	Section 1.6	Notice to Holders of Securities;
    Waiver	10
	Section 1.7	Language of Notices	11
	Section 1.8	Incorporation by Reference
    of Trust Indenture Act; Trust Indenture Act Controls	11
	Section 1.9	Effect of Headings and
    Table of Contents	11
	Section 1.10	Successors and Assigns	11
	Section 1.11	Separability Clause	11
	Section 1.12	Benefits of Indenture	11
	Section 1.13	Governing Law; Waiver
    of Trial by Jury	11
	Section 1.14	Legal Holidays	12
	Section 1.15	Counterparts	12
	Section 1.16	Judgment Currency	12
	Section 1.17	Limitation on Individual
    Liability	12
	Article 2 SECURITIES
    FORMS	13
	Section 2.1	Forms Generally	13
	Section 2.2	Form of Trustee’s
    Certificate of Authentication	13
	Section 2.3	Securities in Global Form	13
	Article 3 THE
    SECURITIES	14
	Section 3.1	Amount Unlimited; Issuable
    in Series	14
	Section 3.2	Currency; Denominations	17
	Section 3.3	Execution, Authentication,
    Delivery and Dating	17
	Section 3.4	Temporary Securities	18
	Section 3.5	Registration, Transfer
    and Exchange	18
	Section 3.6	Mutilated, Destroyed,
    Lost and Stolen Securities	21
	Section 3.7	Payment of Interest and
    Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved	21
	Section 3.8	Persons Deemed Owners	22
	Section 3.9	Cancellation	23
	Section 3.10	Computation of Interest	23
	Section 3.11	CUSIP and ISIN Numbers	23
	Article 4 SATISFACTION
    AND DISCHARGE OF INDENTURE	23
	Section 4.1	Satisfaction and Discharge	23
	Section 4.2	Defeasance and Covenant
    Defeasance	24
	Section 4.3	Application of Trust Money	27
	Section 4.4	Qualifying Trustee	27
	Article
    5 REMEDIES	27
	Section 5.1	Events of Default	27
	Section 5.2	Acceleration of Maturity;
    Rescission and Annulment	28
	Section 5.3	Collection of Indebtedness
    and Suits for Enforcement by Trustee	29
	Section 5.4	Trustee May File Proofs
    of Claim	29
	Section 5.5	Trustee May Enforce Claims
    without Possession of Securities	30
	Section 5.6	Application of Money Collected	30
	Section 5.7	Limitations on Suits	30
	Section 5.8	Unconditional Right of
    Holders to Receive Principal and any Premium, Interest and Additional Amounts	31
	Section 5.9	Restoration of Rights
    and Remedies	31
	Section 5.10	Rights and Remedies Cumulative	31
	Section 5.11	Delay or Omission Not
    Waiver	31
	Section 5.12	Control
    by Holders of Securities	31
	Section 5.13	Waiver
    of Past or Existing Defaults	32
	Section 5.14	Waiver of Stay or Extension
    Laws	32
	Section 5.15	Undertaking
    for Costs	32

 

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	Article 6 THE TRUSTEE	33
	Section 6.1	Certain Duties
    and Responsibilities	33
	Section 6.2	Certain Rights of Trustee	33
	Section 6.3	Notice of Defaults	35
	Section 6.4	Not Responsible for Recitals
    or Issuance of Securities	35
	Section 6.5	May Hold Securities	35
	Section 6.6	Money Held in Trust	35
	Section 6.7	Compensation and Reimbursement	35
	Section 6.8	Corporate Trustee Required;
    Eligibility; Conflicting Interests	36
	Section 6.9	Resignation and Removal;
    Appointment of Successor	36
	Section 6.10	Acceptance of Appointment
    by Successor	37
	Section 6.11	Merger, Conversion, Consolidation
    or Succession to Business	38
	Section 6.12	Appointment of Authenticating
    Agent	39
	Article 7 HOLDERS
    LISTS AND REPORTS BY TRUSTEE AND COMPANY	40
	Section 7.1	Company to Furnish Trustee
    Names and Addresses of Holders	40
	Section 7.2	Preservation of Information;
    Communications to Holders	40
	Section 7.3	Reports by Trustee	40
	Section 7.4	Reports by Company	41
	Article 8 CONSOLIDATION,
    MERGER AND SALES	41
	Section 8.1	Company May Consolidate,
    etc., Only on Certain Terms	41
	Section 8.2	Successor Person Substituted
    for Company	42
	Article 9 SUPPLEMENTAL
    INDENTURES	42
	Section 9.1	Supplemental Indentures
    Without Consent of Holders	42
	Section 9.2	Supplemental Indentures
    With Consent of Holders	43
	Section 9.3	Execution of Supplemental
    Indentures	44
	Section 9.4	Revocation of Consents	44
	Section 9.5	Effect of Supplemental
    Indentures	45
	Section 9.6	Reference in Securities
    to Supplemental Indentures	45
	Section 9.7	Conformity with Trust
    Indenture Act	45
	Section 9.8	Notice of Supplemental
    Indenture	45
	Article 10 COVENANTS	45
	Section 10.1	Payment of Principal,
    any Premium, Interest and Additional Amounts	45
	Section 10.2	Maintenance of Office
    or Agency	45
	Section 10.3	Money for Securities Payments
    to Be Held in Trust	46
	Section 10.4	Additional Amounts	47
	Section 10.5	Waiver of Certain Covenants	47
	Section 10.6	Company Statement as to
    Compliance	48
	Article 11 REDEMPTION
    OF SECURITIES	48
	Section 11.1	Applicability of Article	48
	Section 11.2	Election to Redeem; Notice
    to Trustee	48
	Section 11.3	Selection by Trustee of
    Securities to be Redeemed	48
	Section 11.4	Notice of Redemption	49
	Section 11.5	Deposit of Redemption
    Price	49
	Section 11.6	Securities Payable on
    Redemption Date	50
	Section
    11.7	Securities
    Redeemed in Part	50
	Section 11.8	Repurchases on the Open
    Market	50

 

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	Article 12 SINKING FUNDS	50
	Section 12.1	Applicability
    of Article	50
	Section 12.2	Section 12.2 Satisfaction
    of Sinking Fund Payments with Securities	51
	Section 12.3	Redemption of Securities
    for Sinking Fund	51
	Article 13 REPAYMENT
    AT THE OPTION OF HOLDERS	51
	Section 13.1	Applicability of Article	51
	Article 14 SECURITIES
    IN FOREIGN CURRENCIES	52
	Section 14.1	Applicability of Article	52
	Article
    15 MEETINGS OF HOLDERS OF SECURITIES	52
	Section 15.1	Purposes for Which Meetings
    May Be Called	52
	Section 15.2	Call, Notice and Place
    of Meetings	52
	Section 15.3	Persons Entitled to Vote
    at Meetings	52
	Section 15.4	Quorum; Action	53
	Section 15.5	Determination of Voting
    Rights; Conduct and Adjournment of Meetings	53
	Section 15.6	Counting Votes and Recording
    Action of Meetings	54

 

    iv 

     

    

  

INDENTURE
(the “Indenture”), dated as of        , between DIGITAL BRANDS GROUP, INC.,
a corporation existing under the laws of the State of Delaware (the “Company”), and          ,            ,
as trustee (the “Trustee”).

 

RECITALS

 

The
Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its debentures,
notes or other evidences of indebtedness (hereinafter called the “Securities”), unlimited as to principal amount,
to bear such rates of interest, to mature at such time or times, to be issued in one or more series and to have such other provisions
as shall be fixed as hereinafter provided.

 

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

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

For
and in consideration of the premises and the purchase of the Securities by the Holders (as herein defined) thereof, it is mutually covenanted
and agreed, for the equal and proportionate benefit of all Holders of the Securities or of any series thereof as follows:

 

ARTICLE 1

 

DEFINITIONS AND OTHER
PROVISIONS OF GENERAL APPLICATION

 

Section 1.1          Definitions;
Rules of Construction

 

Except as otherwise expressly
provided in or pursuant to this Indenture or unless the context otherwise requires, for all purposes of this Indenture:

 

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

 

(2)             
all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein;

 

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

 

(4)             
the words “herein,” “hereof,” “hereto” and “hereunder” and other words of similar
import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision;

(5)             
the word “or” is always used inclusively (for example, the phrase “A or B” means “A or B or both,”
not “either A or B but not both”);

 

(6)              
provisions apply to successive events and transactions;

 

(7)              
any reference to gender includes the masculine, feminine and the neuter, as the case may be;

 

(8)              
references to agreements and other instruments include subsequent amendments thereto and restatements thereof;

 

(9)              
 “including” means “including without limitation”;

 

(10)              
all exhibits are incorporated by reference herein and expressly made a part of this Indenture;

 

(11)              
all references to articles, sections and exhibits (and subparts thereof) are to this Indenture; and 

 

(12)                
any transaction or event shall be considered “permitted by” or made “in accordance with” or “in
compliance with” this Indenture or any particular provision thereof if such transaction or event is not expressly prohibited by
this Indenture or such provision, as the case may be.

 

     

     

    

 

Certain
terms used principally in certain Articles hereof are defined in those Articles.

 

“Act,” when used with respect to
any Holders, has the meaning specified in Section 1.4.

 

“Additional Amounts”
means any additional amounts which are required by this Indenture or by any Security, under circumstances specified herein or therein,
to be paid by the Company in respect of certain taxes, assessments or other governmental charges imposed on Holders specified therein
and which are owing to such Holders.

 

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

 

Applicable
Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Security, the rules
and procedures of the Depositary that apply to such transfer or exchange at the relevant time.

 

“Authenticating
Agent” means any Person authorized by the Trustee pursuant to Section 6.12 to act on behalf of the Trustee to authenticate
Securities of one or more series.

 

“Authorized
Newspaper” means a newspaper, in an official language of the place of publication or in the English language, customarily published
on each day that is a Business Day in the place of publication, whether or not published on days that are Legal Holidays in the place
of publication, and of general circulation in each place in connection with which the term is used or in the financial community of each
such place. Where successive publications are required to be made in Authorized Newspapers, the successive publications may be made in
the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any day that is a Business
Day in the place of publication. If it shall be impractical in the opinion of the Trustee to make any publication of any notice required
hereby in an Authorized Newspaper, any publication or other notice in lieu thereof which is made or given with the approval of the Trustee
shall constitute a sufficient publication of such notice.

 

“Board of Directors”
means:

 

(1)             
with respect to the Company, the board of directors of the Company or any committee of the board of directors of the Company duly
authorized to act generally or in any particular respect for the Company under this Indenture;

 

(2)              with
respect to any other corporation, the board of directors of the corporation or any authorized committee thereof;

 

(3)              with
respect to a limited liability company, the managing member or managing members of such limited liability company or any authorized committee
thereof;

 

(4)               with
respect to a partnership, the board of directors of the general partner of the partnership or any authorized committee thereof; and

 

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

 

“Board
Resolution” means a copy of one or more resolutions (which may be standing resolutions), certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors of the Company and to be in full force and effect on the
date of such certification, and delivered to the Trustee.

 

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“Business
Day” means, unless otherwise specified with respect to any Securities pursuant to Section 3.1, each day that is not a Saturday,
Sunday or other day on which banking institutions in New York, New York or another Place of Payment are authorized or required by law,
regulation or executive order to close.

 

“Capital Stock”
means:

 

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

 

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

 

(3)              
in the case of a partnership or limited liability company, partnership or membership interests (whether general or limited); and

 

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

 

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

 

“Common
Stock” includes any stock of any class of the Company which has no preference in respect of dividends or of amounts payable
in the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company.

 

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

 

“Company
Request” and “Company Order” mean, respectively, a written request or order, as the case may be, signed
in the name of the Company by an Officer, and delivered to the Trustee.

 

“Corporate
Trust Office” means the designated office of the Trustee at which the corporate trust business of the Trustee shall at any
particular time be administered, which office at the date of original execution of this Indenture is located at.

 

“Corporation”
includes corporations and limited liability companies and, except for purposes of Article 8, associations, companies (other than limited
liability companies) and business trusts.

 

“Currency”
means, with respect to any payment, deposit or other transfer in respect of the principal of or any premium or interest on or any Additional
Amounts with respect to any Security, Dollars or the Foreign Currency, as the case may be, in which such payment, deposit or other transfer
is required to be made by or pursuant to the terms hereof or such Security and, with respect to any other payment, deposit or transfer
pursuant to or contemplated by the terms hereof or such Security, means Dollars.

 

“CUSIP
number” means the alphanumeric designation assigned to a Security by Standard & Poor’s Corporation, CUSIP Service
Bureau.

 

“Defaulted Interest”
has the meaning specified in Section 3.7.

 

“Definitive
Security” means a certificated Security registered in the name of the Holder thereof (other than a Depositary or its nominee)
issued under this Indenture pursuant to Section 3.1 and Section 3.5.

 

“Dollars”
or “$” means a dollar or other equivalent unit of legal tender for payment of public or private debts in the United
States of America.

 

“Event of Default”
has the meaning specified in Section 5.1.

 

    3

     

    

  

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

 

“Foreign
Currency” means any currency, currency unit or composite currency, including, without limitation, the euro, issued by the government
of one or more countries other than the United States of America or by any recognized confederation or association of such governments.

 

“GAAP”
means generally accepted accounting principles in the United States, which are in effect from time to time.

 

“Global Security”
means a Security issued under this Indenture in global form pursuant to Section 3.1, bearing the legend set forth in Section 2.3 and
deposited with, or on behalf of, and registered in the name of, the Depositary or its nominee.

 

“Government Obligations”
means securities which are (i) direct obligations of the United States of America or the other government or governments in the confederation
which issued the Foreign Currency in which the principal of or any premium or interest on any Security or any Additional Amounts in respect
thereof shall be payable, in each case where the payment or payments thereunder are supported by the full faith and credit of the United
States or such government or governments or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality
of the United States of America or such other government or governments, in each case where the timely payment or payments thereunder
are unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other government or governments,
and which, in the case of (i) or (ii), are not callable or redeemable at the option of the issuer or issuers thereof, and shall also
include a Depositary receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific
payment of interest on or principal of or other amount with respect to any such 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
Government Obligation or the specific payment of interest on or principal of or other amount with respect to the Government Obligation
evidenced by such Depositary receipt.

 

“Holder”
means, in the case of any Registered Security, the Person in whose name such Security is registered in the Security Register.

 

“Indenture”
means this instrument as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into
pursuant to the applicable provisions hereof and, with respect to any Security of any series, by the terms and provisions of such Security
established pursuant to Section 3.1 (as such terms and provisions may be amended pursuant to the applicable provisions hereof); provided,
however, that, if at any time more than one Person is acting as Trustee under this instrument, “Indenture” shall mean,
with respect to any one or more series of Securities for which such Person is Trustee, this instrument as originally executed or as it
may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable
provisions hereof and shall include the terms of those particular series of Securities for which such Person is Trustee established pursuant
to Section 3.1, exclusive, however, of any provisions or terms which relate solely to other series of Securities for which such Person
is not Trustee, regardless of when such terms or provisions were adopted.

 

“Independent Registered
Public Accounting Firm” means a firm of accountants that, with respect to the Company and any other obligor under the Securities,
is an independent registered public accounting firm within the meaning of the Securities Act of 1933, as amended, and the rules and regulations
promulgated by the Commission thereunder, who may be the independent registered public accounting firm regularly retained by the Company
or who may be another independent registered public accounting firm. Such firm shall be entitled to rely upon any Opinion of Counsel
as to the interpretation of any legal matters relating to this Indenture or certificates required to be provided hereunder.

 

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

 

    4

     

    

  

“Indirect Participant”
means an entity that, with respect to any Depositary, clears through or maintains a direct or indirect, custodial relationship with a
Participant.

 

“interest”
means any interest specified in any Security as being payable with respect to that Security and, with respect to any Original Issue Discount
Security which by its terms bears interest only after Maturity, means interest payable after Maturity and, when used with respect to
a Security which provides for the payment of Additional Amounts pursuant to Section 10.4, includes such Additional Amounts. 

 

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

 

“Joint Venture”
means any Person that is not a direct or indirect Subsidiary of the Company in which the Company or any of its Subsidiaries owns any
Capital Stock.

 

“Judgment Currency”
has the meaning specified in Section 1.16. “Legal Holiday” has the meaning specified in Section 1.14.

 

“Maturity” means, with respect
to any Security, the date on which the principal of such Security or an installment of principal becomes due and payable as provided
in or pursuant to this Indenture, whether at the Stated Maturity or by declaration of acceleration, notice of redemption or repurchase,
notice of option to elect repayment or otherwise, and includes the Redemption Date.

 

“New York Banking Day”
has the meaning specified in Section 1.16.

 

“Office”
or “Agency,” means, with respect to any Securities, an office or agency of the Company maintained or designated
in a Place of Payment for such Securities pursuant to Section 10.2 or any other office or agency of the Company maintained or designated
for such Securities pursuant to Section 10.2 or, to the extent designated or required by Section 10.2 in lieu of such office or agency,
the Corporate Trust Office of the Trustee.

 

“Officer”
means, with respect to any Person, the Chairman of the Board of Directors, the Chief Executive Officer, any Vice President (without regard
to qualifiers such as “Executive” or “Senior”), the Chief Financial Officer, the Chief Accounting Officer, the
Treasurer, an Assistant Treasurer, the Controller, the Secretary or an Assistant Secretary of such Person, or other Person authorized
by resolution of the Board of Directors of such Person.

 

“Officer’s
Certificate” means a certificate signed by an Officer, that, if applicable, complies with the requirements of Section 314(e)
of the Trust Indenture Act and is delivered to the Trustee.

 

“Opinion of Counsel”
means a written opinion of counsel, who may be an employee of or counsel for the Company or other counsel that, if applicable, complies
with the requirements of Section 314(e) of the Trust Indenture Act.

 

“Original
Issue Discount Security” means a Security issued pursuant to this Indenture which provides, at any time prior to the final
Stated Maturity of such Security, for declaration of an amount less than the principal amount thereof to be due and payable upon acceleration
pursuant to Section 5.2.

 

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

 

(1)             
  any such Security theretofore cancelled by the Trustee or delivered to the Trustee for cancellation including Securities
tendered and exchanged for other securities of the Company;

 

(2)                 any
such Security of any series for which payment at the Maturity thereof money in the necessary amount has been theretofore deposited pursuant
hereto (other than pursuant to Section 4.2) 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 series of Securities, provided that,
if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor
satisfactory to the Trustee has been made;

  

    5

     

    

 

(3)                   
any such Security of any series with respect to which the Company has effected defeasance or covenant defeasance pursuant to the
terms hereof, except to the extent provided in Section 4.2;

 

(4)                 
any such Security which has been paid pursuant to Section 3.6 or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture, unless there shall have been presented to the Trustee proof satisfactory to it
that such Security is held by a “protected purchaser” (as such term is defined in the New York Uniform Commercial Code) in
whose hands such Security is a valid obligation of the Company; and

 

(5)                 
any such Security converted or exchanged as contemplated by this Indenture into Common Stock or other securities, cash or other
property, if the terms of such Security provide for such conversion or exchange pursuant to Section 3.1; provided, however,
that in determining whether the Holders of the requisite principal amount of Outstanding Securities of any series have given any request,
demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders of Securities of such series
for quorum purposes, (i) the principal amount of an Original Issue Discount Security that may be counted in making such determination
and that shall be deemed to be Outstanding for such purposes shall be equal to the amount of the principal thereof that pursuant to the
terms of such Original Issue Discount Security would be declared (or shall have been declared to be) due and payable upon a declaration
of acceleration thereof pursuant to Section 5.2 at the time of such determination, and (ii) the principal amount of any Indexed Security
that may be counted in making such determination and that shall be deemed Outstanding for such purpose shall be equal to the principal
face amount of such Indexed Security at original issuance, unless otherwise provided in or pursuant to this Indenture, and (iii) the
principal amount of a Security denominated in a Foreign Currency shall be the Dollar equivalent, determined on the date of original issuance
of such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the Dollar equivalent on the date
of original issuance of such Security of the amount determined as provided in (i) above) of such Security, and (iv) Securities owned
by the Company or any other obligor upon the Securities or any Affiliate of the Company or such other obligor, shall be disregarded and
deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making any such determination or
relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible Officer
actually knows to be so owned shall be so disregarded. Securities so owned which shall have been pledged in good faith may be regarded
as Outstanding if the pledgee establishes to the satisfaction of a Responsible Officer (A) the pledgee’s right so to act with respect
to such Securities and (B) that the pledgee is not the Company or any other obligor upon the Securities or an Affiliate of the Company
or such other obligor.

 

“Participant”
means, with respect to the Depositary, a Person who has an account with the Depositary.

 

“Paying Agent”
means any Person authorized by the Company to pay the principal of, or any premium or interest on, or any Additional Amounts with respect
to, any Security on behalf of the Company.

 

“Person”
or “person” means any individual, corporation, partnership, joint venture, joint-stock company, association, trust, unincorporated
organization, limited liability company or government or any agency or political subdivision thereof.

 

“Place of Payment”
means, with respect to any Security, the place or places where the principal of, or any premium or interest on, or any Additional Amounts
with respect to such Security are payable as provided in or pursuant to this Indenture or such Security.

 

“Predecessor Security”
of any particular Security means every previous Security evidencing all or a portion of the same indebtedness as that evidenced by such
particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in exchange
for or in lieu of a lost, destroyed, mutilated or stolen Security shall be deemed to evidence the same indebtedness as the lost, destroyed,
mutilated or stolen Security.

 

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

 

“Redemption Price”
means, with respect to any Security or portion thereof to be redeemed, the price at which it is to be redeemed including, if applicable,
accrued and unpaid interest and Additional Amounts as determined by or pursuant to this Indenture or such Security.

 

    6

     

    

 

“Registered
Security” means any Security established pursuant to Section 2.1 which is registered in the Security Register.

 

“Regular
Record Date” for the interest payable on any Registered Security on any Interest Payment Date therefor means the date, if any,
specified in or pursuant to this Indenture or such Security as the “Regular Record Date.”

 

“Required Currency”
has the meaning specified in Section 1.16.

 

“Responsible Officer”
means any officer of the Trustee in its Corporate Trust Office with direct responsibility for the administration of this Indenture, and
also, with respect to a particular corporate trust matter, any other officer of the Trustee to whom such matter is referred because of
such officer’s knowledge of and familiarity with the particular subject.

 

“Security”
or “Securities” means any note or notes, bond or bonds, debenture or debentures, or any other evidences of indebtedness,
as the case may be, authenticated and delivered under this Indenture; provided, however, that, if at any time there is
more than one Person acting as Trustee under this Indenture, “Securities,” with respect to any such Person, shall mean Securities
authenticated and delivered under this Indenture, exclusive, however, of Securities of any series as to which such Person is not Trustee.

 

“Security Register,”
 “Security Registrar” and “Registrar” have the respective meanings specified in Section 3.5.

 

“series” means a series of Securities established under this Indenture.

 

“Special Record
Date” for the payment of any Defaulted Interest on any Registered Security means a date fixed by the Trustee pursuant to Section
3.7.

 

“Stated Maturity”
means, with respect to any Security or any installment of principal thereof or interest thereon or any Additional Amounts with respect
thereto, the date established by or pursuant to this Indenture or such Security as the fixed date on which the principal of such Security
or such installment of principal or interest is, or such Additional Amounts are, due and payable.

 

“Subsidiary”
means, with respect to any specified Person:

 

(1)                 any
corporation, association or other business entity (other than a partnership or limited liability company) of which more than 50% of the
total voting power of Voting Stock is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other
Subsidiaries of that Person (or a combination thereof); and

 

(2)             
   any partnership (whether general or limited) or limited liability company (a) the sole general partner or member
of which is such Person or a Subsidiary of such Person, or (b) if there is more than a single general partner or member, either (x) the
only managing general partners or managing members of which are such Person or one or more Subsidiaries of such Person (or any combination
thereof) or (y) such Person owns or controls, directly or indirectly, a majority of the outstanding general partner interests, member
interests or other Voting Stock of such partnership or limited liability company, respectively.

 

“Trust Indenture
Act” or “TIA” means the Trust Indenture Act of 1939, as amended, and any reference herein to the Trust Indenture
Act or a particular provision thereof shall mean such Act or provision, as the case may be, as amended or replaced from time to time
or as supplemented from time to time by rules or regulations adopted by the Commission under or in furtherance of the purposes of such
Act or provision, as the case may be.

 

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

 

    7

     

    

 

“United States”
means, except as otherwise provided in or pursuant to this Indenture or any Security, the United States of America (including the states
thereof and the District of Columbia), its territories and possessions and other areas subject to its jurisdiction.

 

“United States Alien”
means, except as otherwise provided in or pursuant to this Indenture or any Security, any Person who, for United States federal income
tax purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign estate or trust,
or a foreign partnership one or more of the members of which is, for United States federal income tax purposes, a foreign corporation,
a non-resident alien individual or a non-resident alien fiduciary of a foreign estate or trust.

 

“U.S. Depositary”
or “Depositary” means, with respect to any Security issuable or issued in the form of one or more Global Securities,
the Person designated as U.S. Depositary or Depositary by the Company in or pursuant to this Indenture, which Person must be, to the
extent required by applicable law or regulation, a clearing agency registered under the Exchange Act and, if so provided with respect
to any Security, any successor to such Person. If at any time there is more than one such Person, “U.S. Depositary” or “Depositary”
shall mean, with respect to any Securities, the qualifying entity which has been appointed with respect to such Securities.

 

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

 

“Voting Stock”
of any Person as of any date means the Capital Stock of such Person that is at the time entitled (without regard to the occurrence of
any contingency) to vote in the election of the Board of Directors of such Person.

 

Section 1.2          
Compliance Certificates and Opinions

 

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

 

Every certificate or opinion
with respect to compliance with a condition or covenant or covenant provided for in this Indenture (other than a certificate delivered
pursuant to Section 10.6) shall include:

 

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

 

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

 

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

 

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

 

Section 1.3          
Form of Documents Delivered to Trustee

 

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

 

    8

     

    

  

Any certificate or opinion
of an Officer of the Company may be based, insofar as it relates to legal matters, upon an Opinion of Counsel, unless such Officer knows
that the opinion with respect to the matters upon which his certificate or opinion is based are erroneous. Any such Opinion of Counsel
may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an Officer or Officers
of the Company stating that the information with respect to such factual matters is in the possession of the Company unless such counsel
knows that the certificate or opinion or representations with respect to such matters are erroneous. Any certificate, statement or opinion
of an Officer of the Company or any Opinion of Counsel 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 in the employ of the Company, unless such Officer or counsel,
as the case may be, knows that the certificate or opinion or representations with respect to the accounting matters upon which his certificate,
statement or opinion may be based as aforesaid are erroneous.

 

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

 

Section 1.4           
Acts of Holders

 

(1)                 Any
request, demand, authorization, direction, notice, consent, waiver or other action provided by or pursuant to this Indenture to be given
or taken by Holders may be embodied in and evidenced by one or more instruments (including instruments in electronic, digital or other
machine-readable form) of substantially similar tenor signed by such Holders (whether in person or through signatures in electronic,
digital or other machine-readable form) or by an agent duly appointed in writing (including writings in electronic, digital or other
machine-readable form) or may be embodied in and evidenced by the record of Holders voting in favor thereof, either in person or by proxies
duly appointed in writing, at any meeting of Holders duly called and held in accordance with the provisions of Article 15, or a combination
of such instruments or record. Except as herein otherwise expressly provided, such action shall become effective when such instrument
or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument
or instruments or record or both (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act”
of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of execution of any such instrument or
of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of this Indenture
and (subject to Section 315 of the Trust Indenture Act) conclusive in favor of the Trustee and the Company and any agent of the Trustee
or the Company, if made in the manner provided in this Section 1.4. The record of any meeting of Holders of Securities shall be proved
in the manner provided in Section 15.6.

 

Without limiting the generality
of this Section 1.4, unless otherwise provided in or pursuant to this Indenture, a Holder, including a U.S. Depositary that is a Holder
of a Global Security, may make, give or take, by a proxy or proxies, duly appointed in writing, any request, demand, authorization, direction,
notice, consent, waiver or other Act provided in or pursuant to this Indenture or the Securities to be made, given or taken by Holders,
and a U.S. Depositary that is a Holder of a Global Security may provide its proxy or proxies to the beneficial owners of interests in
any such Global Security through such U.S. Depositary’s standing instructions and customary practices.

 

The Trustee may fix a record
date for the purpose of determining the Persons who are beneficial owners of interests in any permanent Global Security held by a U.S.
Depositary entitled under the procedures of such U.S. Depositary to make, give or take, by a proxy or proxies duly appointed in writing,
any request, demand, authorization, direction, notice, consent, waiver or other Act provided in or pursuant to this Indenture to be made,
given or taken by Holders.

 

(2)                 The
fact and date of the execution by any Person of any such instrument or writing referred to in this Section 1.4 may be proved in any reasonable
manner which the Trustee deems sufficient and in accordance with such reasonable rules as the Trustee may determine; and the Trustee
may in any instance require further proof with respect to any of the matters referred to in this Section 1.4.

 

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

 

    9

     

    

 

(4)                 If
the Company shall solicit from the Holders of any Registered Securities any request, demand, authorization, direction, notice, consent,
waiver or other Act, the Company may at its option (but is not obligated to), by Board Resolution, fix in advance a record date for the
determination of Holders of Registered Securities entitled to give such request, demand, authorization, direction, notice, consent, waiver
or other Act. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may
be given before or after such record date, but only the Holders of Registered Securities of record at the close of business on such record
date shall be deemed to be Holders for the purpose of determining whether Holders of the requisite proportion of Outstanding Securities
have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for
that purpose the Outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement or consent
by the Holders of Registered Securities shall be deemed effective unless it shall become effective pursuant to the provisions of this
Indenture not later than six months after the record date.

 

(5)                     
Any request, demand, authorization, direction, notice, consent, waiver or other Act by the Holder of any Security shall bind every
future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor
or in lieu thereof in respect of anything done or suffered to be done by the Trustee, any Security Registrar, any Paying Agent or the
Company in reliance thereon, whether or not notation of such Act is made upon such Security.

 

Section
1.5           Notices, etc., to Trustee and Company

 

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

 

(1)                 the
Trustee by any Holder or the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing (which
may be via facsimile) to or with the Trustee at its Corporate Trust Office, or

 

(2)                
the Company by the Trustee or any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided)
if in writing and mailed, first-class postage prepaid or airmail postage prepaid if sent from outside the United States, to the Company
addressed to the attention of its Treasurer (with a copy to the General Counsel) at the address of its principal office specified in
the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Company.

 

Section
1.6           Notice to Holders of Securities; Waiver

 

Except
as otherwise expressly provided in or pursuant to this Indenture, where this Indenture provides for notice to Holders of Securities of
all or any series of any event, such notice shall be sufficiently given to Holders of Registered Securities of such series if in writing
and mailed, first-class postage prepaid, to each Holder of a Registered Security affected by such event, at his address as it appears
in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice.
In any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect
in any notice so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of such notice with respect to
other Holders of Registered Securities given as provided herein. Any notice which is mailed in the manner herein provided shall be conclusively
presumed to have been duly given or provided. In the case by reason of the suspension of regular mail service or by reason of any other
cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee
shall constitute a sufficient notification for every purpose hereunder.

 

Where
this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice,
either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders of Securities
shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon
such waiver.

 

    10

     

    

 

Section
1.7            Language of Notices

 

Any
request, demand, authorization, direction, notice, consent, election or waiver required or permitted under this Indenture shall be in
the English language, except that, if the Company so elects, any published notice may be in an official language of the country of publication
(with a copy in English to be provided to the Trustee).

 

Section
1.8            Incorporation by Reference of Trust Indenture Act; Trust Indenture
Act Controls

 

(a)           
If any provision hereof limits, qualifies or conflicts with the duties that would be imposed by any of Sections 310 to 317 of
the Trust Indenture Act through operation of Section 318(c) thereof on any person, such imposed duties shall control. The following Trust
Indenture Act terms have the following meanings:

 

“indenture
securities” means the Securities;

 

“indenture
security holder” means a Holder;

 

“indenture
to be qualified” means this Indenture;

 

“indenture
trustee” or “institutional trustee” means the Trustee; and

 

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

 

All
other Trust Indenture Act terms used in this Indenture that are defined by the Trust Indenture Act, defined in the Trust Indenture Act
by reference to another statute or defined by SEC Rule have the meanings assigned to them by such definitions.

 

(b)           If
any provision of this Indenture limits, qualifies or conflicts with another provision which is required to be included in this Indenture
by the Trust Indenture Act, the provision required by the Trust Indenture Act shall control.

 

Section
1.9              Effect of Headings and Table of Contents

 

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

 

Section
1.10            Successors and Assigns

 

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

 

Section
1.11           Separability Clause

 

In
case any provision in this Indenture or any Security 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
1.12           Benefits of Indenture

 

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

 

Section
1.13           Governing Law; Waiver of Trial by Jury

 

This
Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements
made or instruments entered into and, in each case, performed in said state. Each of the Company and the Trustee hereby irrevocably waives,
to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating
to this Indenture, the Securities or the transactions contemplated hereby.

 

    11

     

    

  

Section
1.14           Legal Holidays

 

Unless
otherwise specified in or pursuant to this Indenture or any Securities, in any case where any Interest Payment Date, Stated Maturity
or Maturity of any Security, or the last date on which a Holder has the right to convert or exchange Securities of a series that are
convertible or exchangeable shall not be a Business Day (a “Legal Holiday”) at any Place of Payment, then (notwithstanding
any other provision of this Indenture or any Security other than a provision in any Security that specifically states that such provision
shall apply in lieu hereof) payment need not be made at such Place of Payment on such date, and such Securities need not be converted
or exchanged on such date but such payment may be made, and such Securities may be converted or exchanged, on the next succeeding day
that is a Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or at the Stated
Maturity or Maturity or on such last day for conversion or exchange, and no interest shall accrue on the amount payable on such date
or at such time for the period from and after such Interest Payment Date, Stated Maturity, Maturity or last day for conversion or exchange,
as the case may be, to the next succeeding Business Day. If this Indenture provides for a time period that ends or requires performance
of any non-payment obligation by a day that is not a Business Day, then such time period shall instead be deemed to end on, and such
obligation shall instead be performed by, the next succeeding Business Day.

 

Section
1.15           Counterparts

 

This
Indenture may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the
same instrument.

 

Section
1.16           Judgment Currency

 

The
Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment
in any court it is necessary to convert the sum due in respect of the principal of, or premium or interest, if any, or Additional Amounts
on the Securities of any series (the “Required Currency”) into a currency in which a judgment will be rendered (the
 “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking
procedures the Trustee could purchase in The City of New York the requisite amount of the Required Currency with the Judgment Currency
on the New York Banking Day preceding the day on which a final unappealable judgment is given and (b) its obligations under this Indenture
to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment
(whether or not entered in accordance with clause (a)), in any currency other than the Required Currency, except to the extent that such
tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable
in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering
in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency
so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For
purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a Legal Holiday
in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation
or executive order to be closed.

 

Section
1.17           Limitation on Individual Liability

 

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

 

    12

     

    

  

ARTICLE
2

 

SECURITIES
FORMS

Section 2.1           Forms
Generally

 

Each Registered Security
and temporary or permanent Global Security or Definitive Security issued pursuant to this Indenture shall be in the form established
by or pursuant to a Board Resolution and set forth in an Officer’s Certificate, or established in one or more indentures supplemental
hereto, shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by or pursuant
to this Indenture or any indenture supplemental hereto and may have such letters, numbers or other marks of identification and such legends
or endorsements placed thereon as may, consistently herewith, be determined by the Officers executing such Security as evidenced by their
execution of such Security.

 

Unless otherwise provided
in or pursuant to this Indenture or any Securities, the Securities shall be issuable in registered form without coupons and shall not
be issuable upon the exercise of warrants.

 

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

 

Section 2.2           Form
of Trustee’s Certificate of Authentication

 

Subject to Section 6.12, the Trustee’s certificate
of authentication shall be in substantially the following form:

 

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

 

	 	                                                          ,
	 	as Trustee
	 	
	 	By 
	 	 
	 	           Authorized
    Signatory
	 	Dated:

 

Section 2.3           Securities
in Global Form

 

Unless otherwise provided
in or pursuant to this Indenture or any Securities, the Securities shall be issuable in permanent global form. If Securities of a series
shall be issuable in global form, any such Security may provide that it or any number of such Securities shall represent the aggregate
amount of all Outstanding Securities of such series (or such lesser amount as is permitted by the terms thereof) from time to time endorsed
thereon and may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be increased
or reduced to reflect exchanges, redemptions or transfer of beneficial interests from one Global Security to another Global Security.
Any endorsement of any Global Security to reflect the amount, or any increase or decrease in the amount, or changes in the rights of
Holders, of Outstanding Securities represented thereby shall be made in such manner and by such Person or Persons as shall be specified
therein or in the Company Order to be delivered pursuant to Section 3.3 or Section 3.4 with respect thereto. Subject to the provisions
of Section 3.3 and, if applicable, Section 3.4, the Trustee shall deliver and redeliver any Security in permanent global form in the
manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order
pursuant to Section 3.3 or Section 3.4 has been, or simultaneously is, delivered, any instructions by the Company with respect to a Global
Security shall be in writing but need not be accompanied by or contained in an Officer’s Certificate and need not be accompanied
by an Opinion of Counsel.

 

    13

     

    

  

Notwithstanding the provisions
of Section 3.7, unless otherwise specified in or pursuant to this Indenture or any Securities, payment of principal of, any premium and
interest on, and any Additional Amounts in respect of, any Security in temporary or permanent global form shall be made to the Person
or Persons specified therein.

 

Notwithstanding the provisions
of Section 3.8 and except as provided in the preceding paragraph, the Company, the Trustee and any agent of the Company or the Trustee
shall treat as the Holder of such principal amount of Outstanding Securities as is represented by a Global Security in the case of a
Global Security in registered form, the Holder of such Global Security in registered form.

 

Each Global Security shall
bear a legend in substantially the following form (unless otherwise specified by the Depositary):

 

“THIS DEBT SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF.
THIS DEBT SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN
THE DEPOSITARY OR A NOMINEE THEREOF AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.
EVERY DEBT SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS DEBT SECURITY
SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.”

 

ARTICLE 3

 

THE SECURITIES

 

Section 3.1           Amount
Unlimited; Issuable in Series

 

The aggregate principal amount
of Securities which may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more
series. With respect to any Securities to be authenticated and delivered hereunder, there shall be established in or pursuant to a Board
Resolution and set forth in an Officer’s Certificate, or established in one or more indentures supplemental hereto,

 

(1)                 the
title of such Securities and the series, including CUSIP numbers in which such Securities shall be included;

 

(2)                 any
limit upon the aggregate principal amount of the Securities of such series which may be authenticated and delivered under this Indenture
(except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities
of such series pursuant to Section 3.4, Section 3.5, Section 3.6, Section 9.6 or Section 11.7, upon repayment in part of any Registered
Security of such series pursuant to Article 13 or upon surrender in part of any Registered Security for conversion or exchange into Common
Stock or other securities, cash or other property pursuant to its terms, or pursuant to the terms of such Securities and except for any
Securities, which, pursuant to Section 3.3, are deemed never to have been authenticated and delivered hereunder);

 

(3)                  if
any of such Securities are to be issuable in global form, when any of such Securities are to be issuable in global form and (i) whether
such Securities are to be issued in temporary or permanent global form or both, (ii) whether beneficial owners of interests in any such
Global Security may exchange such interests for Securities of the same series and of like tenor and of any authorized form and denomination,
and the circumstances under which any such exchanges may occur, if other than in the manner specified in Section 3.5, and (iii) the name
of the Depositary or the U.S. Depositary, as the case may be, with respect to any Global Security;

  

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(4)                  the
date as of which any Global Security shall be dated (if other than the date of original issuance of the first of such Securities to be
issued);

 

(5)                  the
date or dates, or the method or methods, if any, by which such date or dates shall be determined, on which the principal and premium,
if any, of such Securities is payable;

 

(6)                  the
rate or rates at which such Securities shall bear interest, if any, or the method or methods, if any, by which such rate or rates are
to be determined, the date or dates, if any, from which such interest shall accrue or the method or methods, if any, by which such date
or dates are to be determined, the Interest Payment Dates, if any, on which such interest shall be payable and the Regular Record Date,
if any, for the interest payable on Registered Securities on any Interest Payment Date, whether and under what circumstances Additional
Amounts on such Securities or any of them shall be payable, the notice, if any, to Holders regarding the determination of interest on
a floating rate Security and the manner of giving such notice, and the basis upon which interest shall be calculated if other than that
of a 360-day year of twelve 30-day months;

 

(7)                  if
in addition to or other than the Borough of Manhattan, The City of New York, the place or places where the principal of, any premium
and interest on or any Additional Amounts with respect to such Securities shall be payable, any of such Securities that are Registered
Securities may be surrendered for registration of transfer or exchange, any of such Securities may be surrendered for conversion or exchange
and notices or demands to or upon the Company in respect of such Securities and this Indenture may be served, the extent to which, or
the manner in which, any interest payment or Additional Amounts on a Global Security on an Interest Payment Date, will be paid and the
manner in which any principal of or premium, if any, on any Global Security will be paid;

 

(8)                 whether
any of such Securities are to be redeemable at the option of the Company and, if so, the date or dates on which, the period or periods
within which, the price or prices at which and the other terms and conditions upon which such Securities may be redeemed, in whole or
in part, at the option of the Company;

 

(9)                  whether
the Company is obligated to redeem or purchase any of such Securities pursuant to any sinking fund or analogous provision or at the option
of any Holder thereof and, if so, the date or dates on which, the period or periods within which, the price or prices at which and the
other terms and conditions upon which such Securities shall be redeemed or purchased, in whole or in part, pursuant to such obligation,
and any provisions for the remarketing of such Securities so redeemed or purchased;

 

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

 

(11)                whether
the Securities of the series will be convertible into shares of Common Stock and/or exchangeable for other securities, cash or other
property of the Company or of any other Person, and if so, the terms and conditions upon which such Securities will be so convertible
or exchangeable, and any deletions from or modifications or additions to this Indenture to permit or to facilitate the issuance of such
convertible or exchangeable Securities or the administration thereof;

 

(12)                if
other than the principal amount thereof, the portion of the principal amount of any of such Securities that shall be payable upon declaration
of acceleration of the Maturity thereof pursuant to Section 5.2 or the method by which such portion is to be determined;

 

(13)                if
other than Dollars, the Foreign Currency in which payment of the principal of, any premium or interest on or any Additional Amounts with
respect to any of such Securities shall be payable;

 

(14)                if
the principal of, any premium or interest on or any Additional Amounts with respect to any of such Securities are to be payable, at the
election of the Company or a Holder thereof or otherwise, in Currency other than that in which such Securities are stated to be payable,
the date or dates on which, the period or periods within which, and the other terms and conditions upon which, such election may be made,
and the time and manner of determining the exchange rate between the Currency in which such Securities are stated to be payable and the
Currency in which such Securities or any of them are to be paid pursuant to such election, and any deletions from or modifications of
or additions to the terms of this Indenture to provide for or to facilitate the issuance of Securities denominated or payable, at the
election of the Company or a Holder thereof or otherwise, in a Foreign Currency;

 

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(15)              
whether the amount of payments of principal of, any premium or interest on or any Additional Amounts with respect to such Securities
may be determined with reference to an index, formula, financial or economic measure or other method or methods (which index, formula,
measure or method or methods may be based, without limitation, on one or more Currencies, commodities, equity indices or other indices),
and, if so, the terms and conditions upon which and the manner in which such amounts shall be determined and paid or be payable;

 

(16)               
any deletions from, modifications of or additions to the Events of Default or covenants of the Company with respect to any of
such Securities, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth
herein;

 

(17)              
whether either or both of Section 4.2(2) relating to defeasance or Section 4.2(3) relating to covenant defeasance shall not be
applicable to the Securities of such series, and any covenants relating to the Securities of such series which shall be subject to covenant
defeasance, and, if the Securities of such series are subject to repurchase or repayment at the option of the Holders thereof, whether
the Company’s obligation to repurchase or repay such Securities will be subject to defeasance or covenant defeasance, and any deletions
from, or modifications or additions to, the provisions of Article 4 in respect of the Securities of such series;

 

(18)                
whether any of such Securities are to be issuable upon the exercise of warrants, and the time, manner and place for such Securities
to be authenticated and delivered;

 

(19)                 if there is more than one Trustee or a Trustee other than, the identity of the Trustee and, if not the Trustee, the identity of
each Security Registrar, Paying Agent or Authenticating Agent with respect to such Securities;

 

(20)                whether
the Securities are senior or subordinated debt securities, and if subordinated debt securities, the terms of such subordination;

 

(21)                 
whether the Securities of the series will be guaranteed by any Persons and, if so, the identity of such Persons, the terms and
conditions upon which such Securities shall be guaranteed and, if applicable, the terms and conditions upon which such guarantees may
be subordinated to other indebtedness of the respective guarantors and may be released;

 

(22)               
whether the Securities of the series will be secured by any collateral and, if so, the terms and conditions upon which such Securities
shall be secured and, if applicable, upon which such liens may be subordinated to other liens securing other indebtedness of the Company
or any guarantor and may be released; and

 

(23)                
any other terms of such Securities and any deletions from or modifications or additions to this Indenture in respect of such Securities.

 

All Securities of any one
series shall be substantially identical except as to denomination and except as may otherwise be provided by the Company in or pursuant
to the Board Resolution and set forth in the Officer’s Certificate or in any indenture or indentures supplemental hereto pertaining
to such series of Securities. The terms of the Securities of any series may provide, without limitation, that the Securities of such
series shall be authenticated and delivered by the Trustee on original issue from time to time in accordance with such procedures as
are acceptable to the Trustee (including authentication and delivery by the Trustee on original issue from time to time upon telephonic
or written order of persons designated in the Officer’s Certificate or supplemental indenture (telephonic instructions to be promptly
confirmed in writing by such person) and that such persons are authorized to determine, consistent with such Officer’s Certificate
or any applicable supplemental indenture, such terms and conditions of the Securities of such series as are specified in such Officer’s
Certificate or supplemental indenture). All Securities of any one series need not be issued at the same time and, unless otherwise so
provided by the Company, a series may be reopened for issuances of additional Securities of such series or to establish additional terms
of such series of Securities. If any of the terms of the Securities of any series shall be established by action taken by or pursuant
to a Board Resolution, the Board Resolution shall be delivered to the Trustee at or prior to the delivery of the Officer’s Certificate
setting forth the terms of such series.

 

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Section 3.2           Currency;
Denominations

 

Unless otherwise provided
in or pursuant to this Indenture or any Security, the principal of, any premium and interest on and any Additional Amounts with respect
to, the Securities shall be payable in Dollars. Unless otherwise provided in or pursuant to this Indenture, Registered Securities denominated
in Dollars shall be issuable in registered form without coupons in denominations of $1,000 or any integral multiple of $1,000 in excess
thereof. Securities not denominated in Dollars shall be issuable in such denominations as are established with respect to such Securities
in or pursuant to this Indenture.

 

Section 3.3           Execution,
Authentication, Delivery and Dating

 

Securities shall be executed
on behalf of the Company by any Officer of the Company. The signature of any such Officer on the Securities may be manual or facsimile.

 

Securities bearing the manual
or facsimile signatures of individuals who were at any time the proper Officers of the Company shall bind the Company, notwithstanding
that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or
did not hold such offices at the date of such Securities.

 

At any time and from time
to time after the execution and delivery of this Indenture, the Company may deliver Securities, executed by the Company, to the Trustee
for authentication and, provided that the Board Resolution and Officer’s Certificate or supplemental indenture or indentures with
respect to such Securities referred to in Section 3.1 and a Company Order for the authentication and delivery of such Securities have
been delivered to the Trustee, the Trustee in accordance with the Company Order and subject to the provisions hereof and of such Securities
shall authenticate and deliver such Securities. In authenticating such Securities, and accepting the additional responsibilities under
this Indenture in relation to such Securities, the Trustee shall be provided with, and (subject to Sections 315(a) through 315(d) of
the Trust Indenture Act) shall be fully protected in relying upon an Opinion of Counsel and an Officer’s Certificate that contain
the statements required by Section 1.2.

 

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

 

Notwithstanding the provisions
of Section 3.1 and of the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall not
be necessary to deliver the Officer’s Certificate or Company Order otherwise required pursuant to such preceding paragraph at or
prior to the authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original
issuance of the first Security of such series to be issued. This paragraph shall not be applicable to Securities of a series that are
issued as part of a reopening pursuant to the last paragraph of Section 3.1.

 

Each Registered Security
shall be dated the date of its authentication.

 

No Security shall be entitled
to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such Security a certificate of
authentication substantially in the form provided for in Section 2.2 or Section 6.12 executed by or on behalf of the Trustee or by the
Authenticating Agent by the manual signature of one of its authorized signatories. Such certificate upon any Security shall be conclusive
evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder.

 

Notwithstanding the foregoing,
if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall
deliver such Security to the Trustee for cancellation as provided in Section 3.9, for all purposes of this Indenture such Security shall
be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture.

 

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Section 3.4           Temporary
Securities

 

Pending the preparation of
Definitive Securities, the Company may execute and deliver to the Trustee and, upon Company Order, the Trustee shall authenticate and
deliver, in the manner provided in Section 3.3, temporary Securities in lieu thereof which are printed, lithographed, typewritten, mimeographed
or otherwise produced, in any authorized denomination, substantially of the tenor of the Definitive Securities in lieu of which they
are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as the Officers of
the Company executing such Securities may determine, as conclusively evidenced by their execution of such Securities. Such temporary
Securities may be in the form of Global Securities.

 

Except in the case of temporary
Global Securities, which shall be exchanged in accordance with the provisions thereof, if temporary Securities are issued, the Company
shall cause Definitive Securities to be prepared without unreasonable delay. After the preparation of Definitive Securities of the same
series and containing terms and provisions that are identical to those of any temporary Securities, such temporary Securities shall be
exchangeable for such Definitive Securities upon surrender of such temporary Securities at an Office or Agency for such Securities, without
charge to any Holder thereof. Upon surrender for cancellation of any one or more temporary Securities, the Company shall execute and
the Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Securities of authorized denominations
of the same series and containing identical terms and provisions. Unless otherwise provided in or pursuant to this Indenture with respect
to a temporary Global Security, 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.

 

Section 3.5           Registration,
Transfer and Exchange

 

With respect to the Registered
Securities of each series, if any, the Company shall cause to be kept a register (each such register being herein sometimes referred
to as the “Security Register”) at an Office or Agency for such series in which, subject to such reasonable regulations
as it may prescribe, the Company shall provide for the registration of the Registered Securities of such series and of transfers of the
Registered Securities of such series.

 

Such Office or Agency shall
be the “Security Registrar” or “Registrar” for that series of Securities. Unless otherwise
specified in or pursuant to this Indenture or the Securities, the Trustee shall be the initial Security Registrar for each series of
Securities. The Company shall have the right to remove and replace from time to time the Security Registrar for any series of Securities;
provided that no such removal or replacement shall be effective until a successor Security Registrar with respect to such series of Securities
shall have been appointed by the Company and shall have accepted such appointment by the Company. In the event that the Trustee shall
not be or shall cease to be Security Registrar with respect to a series of Securities, it shall have the right to examine the Security
Register for such series at all reasonable times. There shall be only one Security Register for each series of Securities.

 

A Global Security may not
be transferred as a whole except by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or
to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor
Depositary. Notwithstanding the foregoing, except as may be provided pursuant to Section 3.1, any Global Security or any beneficial interest
therein shall be exchangeable for Definitive Securities only if (i) the Depositary is at any time unwilling, unable or ineligible to
continue as Depositary and a successor Depositary is not appointed by the Company within 90 days of the date the Company is so informed
in writing, (ii) the Depositary ceases to be a clearing agency registered under the Exchange Act, (iii) the Company (subject to the Applicable
Procedures) executes and delivers to the Trustee a Company Order to the effect that such Global Security shall be so exchangeable or
(iv) an Event of Default has occurred and is continuing with respect to such Securities. If the holder of a Global Security or the beneficial
owners of interests in a Global Security are entitled to exchange such interests for Definitive Securities as the result of an event
specified in clause (i), (ii), (iii) or (iv) of the preceding sentence, the Company shall promptly make available to the Trustee Definitive
Securities in such form and denominations as are required by or pursuant to this Indenture, and of the same series, containing identical
terms and in aggregate principal amount equal to the principal amount of such Global Security, executed by the Company. Such Global Security
shall be surrendered from time to time by the U.S. Depositary or such other Depositary as shall be specified in the Company Order with
respect thereto, and in accordance with instructions given to the Trustee and the U.S. Depositary or such other Depositary, as the case
may be (which instructions shall be in writing but need not be contained in or accompanied by an Officer’s Certificate or be accompanied
by an Opinion of Counsel), as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent
for such purpose, to be exchanged, in whole or in part, for Definitive Securities as described above without charge. The Trustee shall
authenticate and make available for delivery, in exchange for each portion of such surrendered Global Security, a like aggregate principal
amount of Definitive Securities of the same series of authorized denominations and of like tenor as the portion of such Global Security
to be exchanged; provided, however, that no such exchanges may occur during a period beginning at the opening of business
15 days before any selection of Securities of the same series to be redeemed and ending on the relevant Redemption Date. Promptly following
any such exchange in part, such Global Security shall be returned by the Trustee to such Depositary or the U.S. Depositary, as the case
may be, or such other Depositary or U.S. Depositary referred to above in accordance with the instructions of the Company referred to
above. If a Registered portion of a Global Security is exchanged for Definitive Registered Securities after the close of business at
the Office or Agency for such Security where such exchange occurs on or after (i) any Regular Record Date for such Security and before
the opening of business at such Office or Agency on the next Interest Payment Date, or (ii) any Special Record Date for such Security
and before the opening of business at such Office or Agency on the related proposed date for payment of interest or Defaulted Interest,
as the case may be, interest shall not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in
respect of such Definitive Registered Security, but shall be payable on such Interest Payment Date or proposed date for payment, as the
case may be, only to the Person to whom interest in respect of such portion of such Global Security shall be payable in accordance with
the provisions of this Indenture.

 

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The
transfer and exchange of beneficial interests in the Global Securities shall be effected through the Depositary, in accordance with the
provisions of this Indenture and the Applicable Procedures. Transfers and exchanges of beneficial interests in the Global Securities
also shall require compliance with either subparagraph (1) or (2) below, as applicable, as well as one or more of the other following
paragraphs, as applicable:

 

(1)                
Beneficial interests in any Global Security may be transferred to Persons who take delivery thereof in the form of a beneficial
interest in the same Global Security. No written orders or instructions shall be required to be delivered to the Registrar to effect
the transfers described in this subparagraph (1).

 

(2)                
In connection with the transfer or exchange of beneficial interests in any Global Security to Persons who take delivery thereof
in the form of a beneficial interest in a different Global Security, the transferor of such beneficial interest must deliver to the Registrar
(i) an order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing
the Depositary to credit or cause to be credited a beneficial interest in another Global Security in an amount equal to the beneficial
interest to be transferred or exchanged and (ii) instructions given in accordance with the Applicable Procedures containing information
regarding the Participant account to be credited with such increase. Upon satisfaction of all of the requirements for transfer or exchange
of beneficial interests in Global Securities contained in this Indenture and such Securities or otherwise applicable under the Securities
Act, the Trustee shall adjust the principal amount of the relevant Global Security(s) pursuant to this paragraph.

 

If
any Holder of a beneficial interest in a Global Security proposes to exchange such beneficial interest for a Definitive Security or to
transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Security in the event of the occurrence
of any of the conditions set forth in the third paragraph of this Section 3.5, then, upon delivery to the Registrar of (i) an order from
a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary
to cause to be issued a Definitive Security in an amount equal to the beneficial interest to be transferred or exchanged and (ii) instructions
given by the Depositary to the Registrar containing information regarding the Person in whose name such Definitive Security shall be
registered to effect the transfer or exchange referred to in clause (i), the Trustee shall cause the aggregate principal amount of the
applicable Global Security to be reduced accordingly as described below, and the Company shall execute and, upon receipt of a Company
Order pursuant to Section 3.3, the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Security
in the appropriate principal amount. Any Definitive Security issued in exchange for a beneficial interest pursuant to this paragraph
shall be registered in such name or names and in such authorized denomination or denominations as the Holder of such beneficial interest
shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall
deliver such Definitive Securities to the Persons in whose names such Securities are so registered.

 

A Holder
of a Definitive Security may exchange such Security for a beneficial interest in a Global Security or transfer such Definitive Securities
to a Person who takes delivery thereof in the form of a beneficial interest in a Global Security at any time. Upon receipt of a request
for such an exchange or transfer, the Trustee shall cancel the applicable Definitive Security and increase or cause to be increased the
aggregate principal amount of the applicable Global Security.

 

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

 

Upon request by a Holder
of Definitive Securities and such Holder’s compliance with the provisions of this paragraph, the Registrar shall register the transfer
or exchange of Definitive Securities. Prior to such registration of transfer or exchange, the requesting Holder shall present or surrender
to the Registrar the Definitive Securities duly endorsed or accompanied by a written instruction of transfer in form satisfactory to
the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. A Holder of Definitive Securities may transfer
such Securities to a Person who takes delivery thereof in the form of a Definitive Security. Upon receipt of a request to register such
a transfer, the Registrar shall register the Definitive Securities pursuant to the instructions from the Holder thereof.

 

At such time as all beneficial
interests in a particular Global Security have been exchanged for Definitive Securities or a particular Global Security has been redeemed,
repurchased or cancelled in whole and not in part, each such Global Security shall be returned to or retained and cancelled by the Trustee
in accordance with Section 3.9. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged
for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for
Definitive Securities, the principal amount of Securities represented by such Global Security shall be reduced accordingly and an endorsement
shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction;
and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial
interest in another Global Security, the principal amount of Securities represented by such other Global Security shall be increased
accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee
to reflect such increase.

 

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

 

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

 

No service charge shall be
made for any registration of transfer or exchange, or redemption of Securities, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge and any other expenses (including fees and expenses of the Trustee) that may be imposed
in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Sections 3.4, 3.6, 9.6 and
11.7 not involving any transfer.

 

Except as otherwise provided
in or pursuant to this Indenture, the Company shall not be required (i) to issue, register the transfer of or exchange any Securities
during a period beginning at the opening of business 15 days before the day of selection of Securities of like tenor and the same series
under Section 11.3 for redemption and ending at the close of business on the day of such selection, (ii) to register the transfer of
or exchange any Registered Security so selected for redemption in whole or in part, except in the case of any Security to be redeemed
in part, the portion thereof not to be redeemed, or (iii) to issue, register the transfer of or exchange any Security which, in accordance
with its terms, has been surrendered for repayment or purchase at the option of the Holder, except the portion, if any, of such Security
not to be so repaid.

 

The Registrar shall retain copies of all certificates, notices and
other written communications received pursuant to this Section 3.5. The Company shall have the right to inspect and make copies of all
such certificates, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the
Registrar.

 

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All certifications and certificates
required to be submitted to the Registrar pursuant to this Section 3.5 to effect a registration of transfer or exchange may be submitted
by facsimile, with an original of such document to be sent promptly thereafter.

 

Section 3.6           Mutilated,
Destroyed, Lost and Stolen Securities

 

If any mutilated Security
is surrendered to the Trustee, subject to the provisions of this Section 3.6, the Company shall execute and the Trustee shall authenticate
and deliver in exchange therefor a new Security of the same series containing identical terms and of like principal amount and bearing
a number not contemporaneously outstanding.

 

If there be delivered to
the Company and to the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security and (ii) such security
or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice
to the Company or to a Responsible Officer that such Security has been acquired by a “protected purchaser” (as such term
is defined in the New York Uniform Commercial Code), the Company shall execute and, upon the Company’s request the Trustee shall
authenticate and deliver, in exchange for or in lieu of any such destroyed, lost or stolen Security, a new Security of the same series
containing identical terms and of like principal amount and bearing a number not contemporaneously outstanding.

 

Notwithstanding the foregoing
provisions of this Section 3.6, in case any mutilated, destroyed, lost or stolen Security has become or is about to become due and payable,
the Company in its discretion may, instead of issuing a new Security, pay such Security.

 

Upon the issuance of any
new Security under this Section 3.6, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 

Every new Security issued
pursuant to this Section 3.6 in lieu of any destroyed, lost or stolen Security shall constitute a separate 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 such series duly issued hereunder.

 

The provisions of this Section
3.6, as amended or supplemented pursuant to this Indenture with respect to particular Securities or generally, shall be 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 3.7           Payment
of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved

 

Unless otherwise provided
in or pursuant to this Indenture, any interest on and any Additional Amounts with respect to, any Registered Security which shall be
payable, and are punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Security
(or one or more Predecessor Securities) is registered as of the close of business on the Regular Record Date for such interest.

 

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Unless otherwise provided
in or pursuant to this Indenture, any interest on and any Additional Amounts with respect to, any Registered Security which shall be
payable, but shall not be punctually paid or duly provided for, on any Interest Payment Date for such Registered Security (herein called
 “Defaulted Interest”) shall forthwith cease to be payable to the Holder thereof on the relevant Regular Record Date
by virtue of having been such Holder; and such Defaulted Interest may be paid by the Company, at its election in each case, as provided
in clause (1) or (2) below:

 

(1)                 The
Company may elect to make payment of any Defaulted Interest to the Person in whose name such Registered Security (or a Predecessor Security
thereof) shall be registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall
be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be
paid on 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 on or prior to the date of the proposed payment, such money when so deposited to be held
in trust for the benefit of the Person entitled to such Defaulted Interest as in this clause provided. Thereupon, the Trustee shall fix
a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior
to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment.
The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause
notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid,
to the Holder of such Registered Security (or a Predecessor Security thereof) at his address as it appears in the Security Register not
less than 10 days prior to such Special Record Date. The Trustee may, in its discretion, in the name and at the expense of the Company,
cause a similar notice to be published at least once in an Authorized Newspaper of general circulation in the Borough of Manhattan, The
City of New York, but such publication shall not be a condition precedent to the establishment of such Special Record Date. Notice of
the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted
Interest shall be paid to the Person in whose name such Registered Security (or a Predecessor Security thereof) shall be registered at
the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2).

 

(2)                 The
Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities
exchange on which such Security 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 payment shall be deemed practicable by the Trustee.

 

Unless otherwise provided
in or pursuant to this Indenture or the Securities of any particular series pursuant to the provisions of this Indenture, at the option
of the Company, interest on Registered Securities that bear interest may be paid by wire transfer in immediately available funds if the
Holder of the Registered Security has provided to the Company and the Trustee wire instructions at least five Business Days prior to
the applicable payment date or by check mailed to the address of that Holder as it appears on the books of the Securities Registrar if
that Holder has not provided wire instructions; provided that any payment of principal (or premium, if any) in respect of any Security
will be made only upon presentation and surrender of such Security at the applicable Office or Agency.

 

Subject to the foregoing
provisions of this Section 3.7 and Section 3.5, each Security delivered under this Indenture upon registration of transfer of or in exchange
for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such
other Security.

 

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

 

Section 3.8           Persons
Deemed Owners

 

Prior to due presentment
of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name such Registered Security is registered in the Security Register as the owner of such Registered Security for
the purpose of receiving payment of principal of, any premium and (subject to Section 3.5 and Section 3.7) interest on and any Additional
Amounts with respect to, such Registered Security and for all other purposes whatsoever, whether or not any payment with respect to such
Registered Security shall be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected
by notice to the contrary.

 

No holder of any beneficial
interest in any Global Security held on its behalf by a Depositary shall have any rights under this Indenture with respect to such Global
Security, and such Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the owner of
such Global Security for all purposes whatsoever. None of the Company, the Trustee, any Paying Agent or the Security Registrar will have
any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests
of a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.

 

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Section 3.9           Cancellation

 

All Securities surrendered
for payment, redemption, registration of transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered
to any Person other than the Trustee, be delivered to the Trustee, and any such Securities, as well as Securities surrendered directly
to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Company may at any time deliver to the Trustee for
cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever,
and all Securities so delivered shall be cancelled promptly by the Trustee. No Securities shall be authenticated in lieu of or in exchange
for any Securities cancelled as provided in this Section 3.9, except as expressly permitted by or pursuant to this Indenture. All cancelled
Securities held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures.

 

Section 3.10           Computation
of Interest

 

Except as otherwise provided
in or pursuant to this Indenture, or in any Security, interest on the Securities shall be computed on the basis of a 360-day year of
twelve 30-day months.

 

Section 3.11           CUSIP
and ISIN Numbers

 

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

 

ARTICLE 4

 

SATISFACTION AND DISCHARGE OF INDENTURE

 

Section 4.1           Satisfaction
and Discharge

 

Upon the direction of the
Company by a Company Order, this Indenture shall cease to be of further effect with respect to any series of Securities specified in
such Company Order and the Trustee, on receipt of a Company Order, at the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture as to such series, when

 

(1)                either

 

(a)           all
Securities of such series theretofore authenticated and delivered have been delivered to the Trustee for cancellation (other than (i)
Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.6 and
(ii) Securities of such series the payment of money for which 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 10.3); or

 

(b)            all
Securities of such series not theretofore delivered to the Trustee for cancellation:

 

(i)                   
have become due and payable, or

 

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

 

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

 

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and the Company, in
the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for such purpose,
(x) money in an amount or (y) Government Obligations 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, in the opinion of a nationally recognized Independent
Registered Public Accounting Firm expressed in a written certification thereof delivered to the Trustee, money in the amount, or (z)
a combination of (x) and (y) in an amount in the Currency in which such series of Securities are payable sufficient to pay and discharge
the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, including the principal of, any
premium and interest on, and any Additional Amounts with respect to such Securities then determinable, to the date of such deposit (in
the case of Securities which have become due and payable) or to the Maturity thereof, as the case may be;

  

(2)               the
Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Outstanding Securities of such
series; and

 

(3)                the
Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent
herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with.

 

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

 

Notwithstanding the satisfaction
and discharge of this Indenture with respect to any series of Securities, the obligations of the Company to the Trustee under Section
6.7, the obligations of the Trustee under Section 4.3, if money, Government Obligations or a combination thereof shall have been deposited
with the Trustee pursuant to subclause (b) of clause (1) of this Section 4.1, the obligations of the Company and the Trustee with respect
to the Securities of such series under Section 3.4, Section 3.5, Section 3.6, Section 10.2 and Section 10.3, and the obligations of the
Company with respect to the payment of Additional Amounts, if any, with respect to such Securities as contemplated by Section 10.4 (but
only to the extent that the Additional Amounts payable with respect to such Securities exceed the amount deposited in respect of such
Additional Amounts pursuant to Section 4.1(1)(b)), and with respect to any rights to convert or exchange such Securities into Common
Stock or other securities, cash or other property shall survive such satisfaction and discharge.

 

Section 4.2           Defeasance
and Covenant Defeasance

 

(1)               Unless
pursuant to Section 3.1, either or both of (i) defeasance of the Securities of a series under clause (2) of this Section 4.2 shall not
be applicable with respect to the Securities of such series or (ii) covenant defeasance of the Securities of a series under clause (3)
of this Section 4.2 shall not be applicable with respect to the Securities of such series, then such provisions, together with the other
provisions of this Section 4.2 (with such modifications thereto as may be specified pursuant to Section 3.1 with respect to any Securities),
shall be applicable to such Securities, and the Company may at its option by Board Resolution, at any time, with respect to such Securities,
elect to have Section 4.2(2) or Section 4.2(3) be applied to such Outstanding Securities upon compliance with the conditions set forth
below in this Section 4.2.

 

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(2)              Upon
the Company’s exercise of the above option applicable to this Section 4.2(2) with respect to any Securities of or within a series,
the Company shall be deemed to have been discharged from its obligations with respect to such Outstanding Securities on the date the
conditions set forth in clause (4) of this Section 4.2 are satisfied (hereinafter, “defeasance”). For this purpose,
such defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding
Securities, which shall thereafter be deemed to be “Outstanding” only for the purposes of the Sections of this Indenture
referred to in clauses (i) and (ii) below, and to have satisfied all of its other obligations under such Securities and this Indenture
insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging
the same), except for the following which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders
of such Outstanding Securities to receive, solely from the trust fund described in clause (4) of this Section 4.2 and as more fully set
forth in such Section, payments in respect of the principal of (and premium, if any) and interest, if any, on, and Additional Amounts,
if any, with respect to, such Securities when such payments are due, and any rights of such Holder to convert or exchange such Securities
into Common Stock or other securities, cash or other property, (ii) the obligations of the Company and the Trustee with respect to such
Securities under Section 3.4, Section 3.5, Section 3.6, Section 10.2 and Section 10.3 and the obligations of the Company with respect
to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 10.4 (but only to the extent that the Additional
Amounts payable with respect to such Securities exceed the amount deposited in respect of such Additional Amounts pursuant to Section
4.2(4)(a) below), and with respect to any rights to convert or exchange such Securities into Common Stock or other securities, cash or
other property, (iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (iv) this Section 4.2. The Company
may exercise its option under this Section 4.2(2) notwithstanding the prior exercise of its option under clause (3) of this Section 4.2
with respect to such Securities.

 

(3)               Upon
the Company’s exercise of the above option applicable to this Section 4.2(3) with respect to any Securities of or within a series,
(i) the Company shall be released from its obligations to comply with any term, provision or condition under Section 8.1 with respect
to such Securities (and, to the extent specified pursuant to Section 3.1, any other restrictive covenant added for the benefit of such
Securities) and (ii) unless otherwise specified pursuant to Section 3.1, the occurrence of any event specified in Section 5.1(7) shall
not be deemed to be an Event of Default, in each case on and after the date the conditions set forth in clause (4) of this Section 4.2
are satisfied (hereinafter, “covenant defeasance”), and such Securities shall thereafter be deemed to be not “Outstanding”
for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection
with any such covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose,
such covenant defeasance means that, with respect to such Outstanding Securities, the Company may omit to comply with, and shall have
no liability in respect of, any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason
of any reference elsewhere herein to any covenant or by reason of reference in any such covenant to any other provision herein or in
any other document and such omission to comply shall not constitute a default or an Event of Default under Section 5.1(4), Section 5.1(7)
or otherwise, as the case may be, insofar as it relates to Section 8.1 and, to the extent specified pursuant to Section 3.1, any other
restrictive covenant added for the benefit of such Security, but, except as specified above, the remainder of this Indenture and such
Securities shall be unaffected thereby; provided that the obligations of the Company with respect to the payment of Additional Amounts,
if any, on such Securities as contemplated by Section 10.4 shall remain unsatisfied only to the extent that the Additional Amounts payable
with respect to such Securities exceed the amount deposited in respect of such Additional Amounts pursuant to Section 4.2(4)(a) below;
provided, further, that notwithstanding a covenant defeasance with respect to Section 8.1, any Person to whom a sale, assignment,
transfer, lease, conveyance or other disposition is made pursuant to Section 8.1, shall as a condition to such sale, assignment, transfer,
lease, conveyance or other disposition, assume by an indenture supplemental hereto in form satisfactory to the Trustee, executed by such
successor Person and delivered to the Trustee, the obligations of the Company to the Trustee under Section 6.7 and the second to the
last paragraph of Section 4.2.

 

(4)             The
following shall be the conditions to the application of clause (2) or (3) of this Section 4.2 to any Outstanding Securities of a series:

 

(a)                
The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements
of Section 6.8 who shall agree to comply with the provisions of this Section 4.2 applicable to it) as trust funds in trust for the purpose
of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities,
(1) an amount in Dollars or in such Foreign Currency in which such Securities are then specified as payable at Stated Maturity, or (2)
Government Obligations applicable to such Securities (determined on the basis of the Currency in which such Securities are then specified
as payable at Stated Maturity) which through the scheduled payment of principal and interest in respect thereof in accordance with their
terms will provide, not later than one day before the due date of any payment of principal of (and premium, if any) and interest, if
any, on such Securities, money in an amount, or (3) a combination thereof, in any case, in an amount, sufficient, without consideration
of any reinvestment of such principal and interest, in the opinion of a nationally recognized Independent Registered Public Accounting
Firm expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee
(or other qualifying trustee) to pay and discharge, (y) the principal of (and premium, if any) and interest or Additional Amounts then
determinable, if any, on such Outstanding Securities at the Maturity of such principal or installment of principal or interest, provided
that the Company shall specify whether such Outstanding Securities are being defeased to Stated Maturity or to the Redemption Date and
(z) any mandatory sinking fund payments or analogous payments applicable to such Outstanding Securities on the day on which such payments
are due and payable in accordance with the terms of this Indenture and of such Securities.

 

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(b)                 
Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default under, this Indenture
or any other material agreement or instrument to which the Company is a party or by which it is bound.

 

(c)                 
No Event of Default or event which with notice or lapse of time or both would become an Event of Default with respect to such Securities
shall have occurred and be continuing on the date of such deposit (other than an Event of Default resulting from non-compliance with any
covenant from which the Company is released upon effectiveness of such defeasance or covenant defeasance, as applicable).

 

(d)                 
In the case of an election under clause (2) of this Section 4.2, the Company shall have delivered to the Trustee an Opinion of
Counsel stating that:

 

(i)                 
the Company has received from the Internal Revenue Service a letter ruling, or there has been published by the Internal Revenue
Service a Revenue Ruling, or

 

(ii)                 
since the date of execution of this Indenture, there has been a change in the applicable federal income tax law,

 

in either case to the effect that,
and based thereon such opinion shall confirm that, subject to customary assumptions and exclusions, the Holders of such Outstanding Securities
will not recognize income, gain or loss for federal income tax purposes as a result of such defeasance and will be subject to federal
income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred.

 

(e)                 
In the case of an election under clause (3) of this Section 4.2, the Company shall have delivered to the Trustee an Opinion of
Counsel to the effect that, subject to customary assumptions and exclusions, the Holders of such Outstanding Securities will not recognize
income, gain or loss for federal income tax purposes as a result of such covenant defeasance and will be subject to federal income tax
on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred.

 

(f)                 
The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all
conditions precedent to the defeasance or covenant defeasance under clause (2) or (3) of this Section 4.2 (as the case may be) have been
complied with.

 

(g)                 
If the Securities are to be redeemed prior to their Stated Maturity (other than from mandatory sinking fund payments or analogous
payments), notice of such redemption shall have been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee
shall have been made.

 

(h)                 
Notwithstanding any other provisions of this Section 4.2(4), such defeasance or covenant defeasance shall be effected in compliance
with any additional or substitute terms, conditions or limitations which may be imposed on the Company in connection therewith pursuant
to Section 3.1.

 

The Company
shall pay and indemnify the Trustee against any tax, fee or other charge, imposed on or assessed against the Government Obligations deposited
pursuant to this Section 4.2 or the principal or interest received in respect thereof other than any such tax, fee or other charge which
by law is for the account of the Holders of such Outstanding Securities.

 

Anything in
this Section 4.2 to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request
any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in clause (4) of this Section
4.2 which, in the opinion of a nationally recognized Independent Registered Public Accounting Firm expressed in a written certification
thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect a defeasance
or covenant defeasance, as applicable, in accordance with this Section 4.2.

 

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Section 4.3          Application of Trust Money

 

Subject to
the provisions of the last paragraph of Section 10.3, all money and Government Obligations (including the proceeds thereof) deposited
with the Trustee or other qualifying trustee (solely for purposes of this Section 4.3, the Trustee and any such other trustee are referred
to collectively as the “Trustee”) pursuant to Section 4.1 or Section 4.2 in respect of any Outstanding Securities of any series
shall be held in trust and applied by the Trustee, in accordance with the provisions of the Securities and this Indenture, to the payment,
either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the
Persons entitled thereto, of the principal, premium, if any, interest and Additional Amounts, if any, for whose payment such money has
or Government Obligations have been deposited with or received by the Trustee; but such money and Government Obligations need not be segregated
from other funds except to the extent required by law.

 

Section 4.4          Qualifying Trustee

 

Any trustee
appointed pursuant to Section 4.2 for the purpose of holding trust funds deposited pursuant to that Section shall be appointed under an
agreement in form acceptable to the Trustee and shall provide to the Trustee a certificate of such trustee, upon which certificate the
Trustee shall be entitled to conclusively rely, that all conditions precedent provided for herein to the related defeasance or covenant
defeasance have been complied with. In no event shall the Trustee be liable for any acts or omissions of said trustee.

 

ARTICLE 5

 

REMEDIES

 

Section 5.1          Events of Default

 

“Event
of Default,” wherever used herein with respect to Securities of any series, means any one of the following events (whatever
the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to
any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), unless such event
is specifically deleted or modified in or pursuant to the supplemental indenture, Board Resolution or Officer’s Certificate establishing
the terms of such series pursuant to this Indenture:

 

(1)                 
default for 30 days in the payment when due of any interest on or any Additional Amount in respect of any Security of such series;

 

(2)                 
default in the payment of the principal of or any premium on any Security of such series when the principal or premium becomes
due and payable at Maturity;

 

(3)                 
default in the deposit of any sinking fund payment when and as due by the terms of any Security of such series, subject to any
cure period specified in any Security of such series;

 

(4)                 
failure on the part of the Company duly to observe or perform any other of the covenants or agreements (other than those described
in clause (1), (2) or (3) above) on the part of the Company with respect to that series contained in such Securities or otherwise established
with respect to that series of Securities pursuant to Section 3.1 hereof or contained in this Indenture (other than a covenant or agreement
which has been expressly included in this Indenture solely for the benefit of one or more series of Securities other than such series)
and such failure shall continue for a period of 60 days after the date on which written notice of such failure, requiring the same to
be remedied and stating that such notice is a “Notice of Default” shall have been given to the Company by the Trustee, upon
direction of Holders of at least 25% in principal amount of the Outstanding Securities of that series; provided, however,
that if such failure is not capable of cure within such 60-day period, such 60-day period shall be automatically extended by an additional
60 days so long as (i) such failure is subject to cure, and (ii) the Company is using commercially reasonable efforts to cure such failure;
and provided, further, that a failure to comply with any such other agreement in the indenture that results from a change
in GAAP shall not be deemed to be an Event of Default;

 

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(5)                 
a decree or order by a court having jurisdiction in the premises shall have been entered adjudging the Company bankrupt or insolvent,
or approving as properly filed a petition seeking liquidation or reorganization of the Company under any applicable bankruptcy, insolvency,
reorganization or other similar law, and such decree or order shall have continued unvacated and unstayed for a period of 90 days; an
involuntary case shall be commenced under any applicable bankruptcy, insolvency, reorganization or other similar law in respect of the
Company and shall continue undismissed for a period of 90 days or an order for relief in such case shall have been entered and such order
shall have remained in force unvacated and unstayed for a period of 90 days; or a decree or order of a court having jurisdiction in the
premises shall have been entered for the appointment on the ground of insolvency or bankruptcy of a receiver, custodian, liquidator, trustee
or assignee in bankruptcy or insolvency of the Company or of its property, or for the winding up or liquidation of its affairs, and such
decree or order shall have remained in force unvacated and unstayed for a period of 90 days;

 

(6)                 
the Company shall institute proceedings to be adjudicated a voluntary bankrupt, shall consent to the filing of a bankruptcy proceeding
against it, shall file a petition or answer or consent seeking liquidation or reorganization under any applicable bankruptcy, insolvency,
reorganization or other similar law, shall consent to the filing of any such petition or shall consent to the appointment on the ground
of insolvency or bankruptcy of a receiver or custodian or liquidator or trustee or assignee in bankruptcy or insolvency of it or of its
property, or shall make a general assignment for the benefit of creditors; or

 

(7)                 
any other Event of Default provided in or pursuant to the Indenture with respect to Securities of the series, provided that any
such Event of Default that results from a change in GAAP shall not be deemed to be an Event of Default.

 

Section 5.2          Acceleration
of Maturity; Rescission and Annulment

 

If an Event
of Default specified in clause (5) or (6) of the definition thereof above occurs, the principal of all Securities shall automatically
become due and payable without further action or notice, anything contained in this Indenture or the Securities of each series or established
with respect to each series pursuant to Section 3.1 to the contrary notwithstanding. If (a) upon the occurrence and continuance of an
Event of Default specified in clause (1) or (2) of the definition thereof, the Company and the Trustee receive notice in writing that
Holders of not less than 25%, or (b) upon the occurrence and continuance of any other Event of Default other than an Event of Default
specified in clause (1), (2), (5) and (6) of the definition thereof, the Company and the Trustee receive notice in writing that Holders
of not less than a majority in aggregate principal amount of the Outstanding Notes of that series have declared the principal of all Securities
of that series to be due and payable immediately, then upon any such declaration the same shall become and shall be immediately due and
payable, anything contained in this Indenture or in the Securities of that series or established with respect to that series to the contrary
notwithstanding.

 

At any time
after a declaration of acceleration or automatic acceleration with respect to the Securities of any series has been made and before a
judgment or decree for payment of the money due has been obtained by the Trustee as hereafter in this Article 5 provided, the Holders
of not less than a majority in principal amount of the Outstanding Securities of such series, by written notice to the Company and the
Trustee, may rescind and annul the declaration or automatic acceleration and its consequences if:

 

(1)                 
the Company has paid or deposited with the Trustee a sum of money sufficient to pay (A) all overdue installments of interest on
all Securities of such series and any Additional Amounts payable with respect thereto, (B) the principal of and any premium on any Securities
of the series which have become due otherwise than by the declaration of acceleration or automatic acceleration and interest thereon and
any Additional Amounts with respect thereto at the rate or rates borne by or provided in such Securities, (C) interest upon overdue interest
at the rate or rates prescribed therefor in such Securities and (D) all sums paid or advanced by the Trustee hereunder and the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; and

 

(2)                 
all Events of Default with respect to Securities of such series, other than the non-payment of the principal of, any premium and
interest on, and any Additional Amounts with respect to, Securities of such series which shall have become due solely by the acceleration,
shall have been cured or waived as provided in Section 5.3.

 

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Section 5.3          Collection
of Indebtedness and Suits for Enforcement by Trustee

 

The Company covenants that if:

 

(1)                 
default is made in the payment of any installment of interest on any Security, or any Additional Amounts payable with respect thereto,
when such interest or Additional Amounts shall have become due and payable and such default continues for any cure period specified with
respect to such Security;

 

(2)                 
default is made in the payment of any principal of or premium, if any, on, or any Additional Amounts payable in respect of any
principal of or premium, if any, on any Security at its Maturity; or

 

(3)                 
default is made in the deposit of any sinking fund payment, when and as due by the terms of any Security and such default continues
for any cure period specified with respect to such Security;

 

the Company shall, upon demand
of the Trustee, pay to the Trustee, for the benefit of the Holders of such Securities, the whole amount of money then due and payable
with respect to such Securities, with interest upon the overdue principal, any premium and, to the extent that payment of such interest
shall be legally enforceable, upon any overdue installments of interest and Additional Amounts at the rate or rates borne by or provided
for in such Securities, and, in addition thereto, such further amount of money as shall be sufficient to cover the costs and expenses
of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and
all other amounts due to the Trustee under Section 6.7.

 

If the Company
fails to pay the money it is required to pay the Trustee pursuant to the preceding paragraph forthwith upon the demand of the Trustee,
the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the money so
due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other
obligor upon such Securities and collect the monies adjudged or decreed to be payable in the manner provided by law out of the property
of the Company or any other obligor upon such Securities, wherever situated.

 

If an Event
of Default with respect to the Securities of any series occurs and is continuing, the Trustee may, and if (A) an Event of Default specified
in clause (1), (2), (5) or (6) of the definition thereof occurs and is continuing, and Holders of not less than 25%, or (B) an Event of
Default other than an Event of Default specified in clause (1), (2), (5) or (6) of the definition thereof occurs and is continuing, and
Holders of not less than a majority, in aggregate principal amount of the Outstanding Securities of such series direct, so long as such
Holders shall have provided the Trustee with such indemnity as it shall require and subject to the provisions of Section 5.12, the Trustee
shall, proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial
proceedings to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture
or such Securities or in aid of the exercise of any power granted herein or therein, or to enforce any other proper remedy.

 

Section 5.4          Trustee
May File Proofs of Claim

 

In case of
the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or such other obligor or their
creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or
by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of any overdue
principal, premium, interest or Additional Amounts) shall be entitled and empowered, by intervention in such proceeding or otherwise,

 

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

 

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

 

and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder of Securities
to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders
of Securities, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel and any other amounts due the Trustee under Section 6.7.

 

Nothing herein
contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of a Security
any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Holder of a Security in any such proceeding.

 

Section 5.5          Trustee
May Enforce Claims without Possession of Securities

 

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

 

Section 5.6          Application of Money Collected

 

Any money collected
by the Trustee pursuant to this Article 5 with respect to Securities of any series shall be applied in the following order, at the date
or dates fixed by the Trustee and, in case of the distribution of such money on account of principal, or any premium, interest or Additional
Amounts, upon presentation of such Securities, and the notation thereon of the payment if only partially paid and upon surrender thereof
if fully paid:

 

FIRST: To the payment of all amounts due the Trustee and
any predecessor Trustee under Section 6.7;

 

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

 

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

 

Section 5.7          Limitations on Suits

 

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

 

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

 

(2)                
(a) in the case of an Event of Default specified in clause (1), (2), (5) and (6) of the definition thereof, Holders of not less
than 25%, or (b) in the case of an Event of Default other than as specified in clause (1), (2), (5) and (6) of the definition thereof,
Holders of not less than a majority, in aggregate principal amount of the Outstanding Securities of such series shall have made written
request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

 

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

 

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

 

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

 

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

 

Section 5.8          Unconditional
Right of Holders to Receive Principal and any Premium, Interest and Additional Amounts

 

Notwithstanding any other
provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive
payment of the principal of, any premium and (subject to Section 3.5 and Section 3.7) interest on, and any Additional Amounts with
respect to, such Security, on the respective Stated Maturity or Maturities therefor specified in such Security (or, in the case of
redemption, on the Redemption Date or, in the case of repayment at the option of such Holder if provided in or pursuant to this
Indenture, on the date such repayment is due) and to institute suit for the enforcement of any such payment, and such right shall
not be impaired without the consent of such Holder.

 

Section 5.9          Restoration of Rights and Remedies

 

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

 

Section 5.10          Rights and Remedies Cumulative

 

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

 

Section 5.11          Delay
or Omission Not Waiver

 

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

 

Section 5.12          Control
by Holders of Securities

 

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

 

(1)                 
such direction shall not be in conflict with any rule of law or with this Indenture or with the Securities of any series and would
not involve the Trustee in personal liability,

 

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

 

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(3)                 
such direction is not unduly prejudicial to the rights of the other Holders of Securities of such series not joining in such action.

 

Section 5.13          Waiver of Past or Existing Defaults

 

The Holders
of not less than a majority in principal amount of the Outstanding Securities of any series on behalf of the Holders of all the Securities
of such series may waive any past or existing default or Event of Default hereunder with respect to such series and its consequences,
except a continuing default:

 

(1)                 
in the payment of the principal of, any premium or interest on, or any Additional Amounts with respect to, any Security of such
series, or

 

(2)                 
in respect of a covenant or provision hereof which under Article 9 hereof cannot be modified or amended without the consent of
the Holder of each Outstanding Security of such series affected.

 

Upon any such
waiver, such default or Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been
cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent
thereon.

 

Section 5.14          Waiver
of Stay or Extension Laws

 

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

 

Section 5.15          Undertaking for Costs

 

All parties
to this Indenture agree, and each Holder of any Security by his or her acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the
Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of any undertaking to pay the
costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and
expenses, against any party litigant in such suit having due regard to the merits and good faith of the claims or defenses made by such
party litigant; but the provisions of this Section 5.15 shall not apply to any suit instituted by the Trustee, to any suit instituted
by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of Outstanding Securities of any series,
or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any) or interest, if any,
on or Additional Amounts, if any, with respect to any Security on or after the respective Stated Maturities expressed in such Security
(or, in the case of redemption, on or after the Redemption Date, and, in the case of repayment, on or after the date for repayment) or
for the enforcement of the right, if any, to convert or exchange any Security into Common Stock or other securities, cash or other property
in accordance with its terms.

 

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ARTICLE
6

 

THE TRUSTEE

 

Section 6.1          Certain Duties and Responsibilities

 

The duties
and responsibilities of the Trustee shall be as provided by the Trust Indenture Act. Except during the continuance of an Event of Default
with respect to the Securities of a series of which a Responsible Officer has actual knowledge, the Trustee undertakes to perform such
duties and only such duties as are specifically set forth in this Indenture with respect to such Securities, and no implied covenants
or obligations shall be read into this Indenture with respect to such Securities against the Trustee. In case an Event of Default of which
a Responsible Officer has actual knowledge with respect to the Securities of a series has occurred (which has not been cured or waived),
the Trustee shall exercise the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise,
with respect to such Securities, as a prudent person would exercise or use under the circumstances in the conduct of such person’s
own affairs. Notwithstanding the foregoing, no provision of this Indenture shall require the Trustee to expend or risk its own funds or
otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or
powers. 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 6.1.

 

Section 6.2          Certain Rights
of Trustee

 

Subject to the provisions of Section 6.1:

 

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

 

(2)                 
any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or a Company Order
(in each case, other than delivery of any Security to the Trustee for authentication and delivery pursuant to Section 3.3 which shall
be sufficiently evidenced as provided therein) and any resolution of the Board of Directors of the Company may be sufficiently evidenced
by a Board Resolution;

 

(3)                 
whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior
to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence shall be herein specifically prescribed) may,
in the absence of bad faith on its part, request and conclusively rely upon an Officer’s Certificate;

 

(4)                 
the Trustee may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and
complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon;

 

(5)                 
the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by or pursuant to this Indenture
or to institute, conduct or defend any litigation hereunder or in relation hereto at the request or direction of any of the Holders of
Securities of any series pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity reasonably
satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction;

 

(6)                 
the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, coupon, note, other evidence of indebtedness
or other paper or document, but the Trustee, in its discretion, may but shall not be obligated to make such further inquiry or investigation
into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall
be entitled to examine, during business hours and upon reasonable notice, the books, records and premises of the Company, personally or
by agent or attorney at the expense of the Company and shall incur no liability or additional liability of any kind by reason of such
inquiry or investigation;

 

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

 

(8)                 
the Trustee shall not be liable in its individual capacity for any action taken or suffered to be taken, unless it shall be proved
that the Trustee was negligent, acted in bad faith or engaged in willful misconduct;

 

(9)                 
 the Authenticating Agent, Paying Agent, and Security Registrar shall have the same protections as the Trustee set forth hereunder;

 

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(10)                 
the Trustee shall not be liable in its individual capacity with respect to any action taken, suffered or omitted to be taken by
it in good faith in accordance with this Indenture, and, to the extent not so provided herein, with respect to any act requiring the Trustee
to exercise its own discretion, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee,
or exercising any trust or power conferred upon the Trustee, under this Indenture or any Securities, unless it shall be proved that, in
connection with any such action taken, suffered or omitted or any such act, the Trustee was negligent, acted in bad faith or engaged in
willful misconduct;

 

(11)                 
no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability
in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers;

 

(12)                 
the Trustee shall not be charged with knowledge or required to take notice of any default or Event of Default with respect to the
Securities unless either (A) a Responsible Officer shall have actual knowledge of such default or Event of Default or (B) written notice
of such default or Event of Default, which references the Securities and this Indenture, shall have been given to a Responsible Officer
by the Company or other obligor on such Securities or by any Holder of such Securities;

 

(13)                 
the Trustee shall not be liable in its individual capacity for any action taken, suffered or omitted by it in good faith and reasonably
believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture;

 

(14)                 
the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to
be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian,
director, officer, employee and other Person employed to act hereunder;

 

(15)                 
the Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of individuals and/or titles
of Officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed
by any person authorized to sign an Officer’s Certificate, including any person specified as so authorized in any such certificate
previously delivered and not superseded;

 

(16)                
the permissive rights of the Trustee to take certain actions under or perform any discretionary act enumerated in this Indenture
shall not be construed as a duty unless so specified herein, and the Trustee shall not be answerable for other than its negligence or
willful misconduct in the performance of such action or act;

 

(17)                 
the Trustee shall not be liable in its individual capacity with respect to any action taken, suffered or omitted to be taken by
it in good faith in accordance with this Indenture or at the direction of the Holders of a majority in aggregate principal amount of the
Outstanding Securities relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or
exercising or omitting to exercise any trust or power conferred upon the Trustee, under this Indenture;

 

(18)                 
in no event shall the Trustee be liable for special, indirect or consequential loss or damage of any kind whatsoever (including
but not limited to lost profits) even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form
of action; and

 

(19)                 
in no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder
arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions,
loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall
use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable
under the circumstances.

 

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Section 6.3          Notice of Defaults

 

Within 90
days after the occurrence of any default hereunder with respect to the Securities of any series of which a Responsible Officer has actual
knowledge, the Trustee shall give the Holders of Securities of such series entitled to receive reports pursuant to Section 7.3, notice
of such default hereunder actually known to a Responsible Officer, unless such default shall have been cured or waived; provided,
however, that, except in the case of a default in the payment of the principal of (or premium, if any), or interest, if any, on,
or Additional Amounts or any sinking fund or purchase fund installment with respect to, any Security of such series, the Trustee shall
be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors
and/or Responsible Officers in good faith determine that the withholding of such notice is in the best interest of the Holders of Securities
of such series; and provided, further, that in the case of any default of the character specified in Section 5.1(4) with
respect to Securities of such series, no such notice to Holders shall be given until at least 30 days after the occurrence thereof. For
the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both
would become, an Event of Default with respect to Securities of such series.

 

Section 6.4          Not Responsible for Recitals or Issuance
of Securities

 

The recitals
contained herein and in the Securities, except the Trustee’s certificate of authentication, shall be taken as the statements of
the Company, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes
no representations as to the validity, sufficiency or priority of this Indenture or of the Securities. Neither the Trustee nor any Authenticating
Agent shall be accountable for the use or application by the Company of the Securities or the proceeds thereof. Except with respect to
the authentication of Securities pursuant to Section 3.3, the Trustee shall not be responsible for the legality or the validity of this
Indenture or any Securities issued or to be issued hereunder.

 

Section 6.5          May
Hold Securities

 

The Trustee,
any Authenticating Agent, any Paying Agent, any Security Registrar or any other Person that may be an agent of the Trustee or the Company,
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 if it were not the Trustee, Authenticating
Agent, Paying Agent, Security Registrar or such other Person.

 

Section 6.6          Money
Held in Trust

 

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

 

Section 6.7          Compensation
and Reimbursement

 

The Company agrees:

 

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

 

(2)                 
except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Trustee in accordance with any provision of this Indenture arising out of or in connection with the
acceptance or administration of the trust or trusts hereunder (including the reasonable compensation and the expenses and disbursements
of its agents and counsel), except any such expense, disbursement or advance as may be caused by the Trustee’s own negligence or
willful misconduct; and

 

(3)                 
to fully indemnify each of the Trustee and any predecessor Trustee and its agents, officers, directors and employees for, and to
hold them harmless against, any loss, liability, damage, claim or expense (including reasonable legal fees and expenses), including taxes
(other than taxes based on the income of the Trustee), incurred without negligence or willful misconduct on their part, arising out of
or in connection with the acceptance or administration of the trust or trusts hereunder, including the reasonable costs and expenses of
defending themselves against any claim or liability (whether asserted by the Company, a Holder of Securities, or any other Person) in
connection with the exercise or performance of any of their powers or duties hereunder.

 

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As security
for the performance of the payment obligations of the Company under this Section 6.7, the Trustee shall have a lien prior to the Securities
of any series upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal
of, and premium or interest on, or any Additional Amounts with respect to, particular Securities. Such lien shall survive the resignation
or removal of the Trustee and the satisfaction and discharge of this Indenture. Without prejudice to any other rights available to the
Trustee under applicable law, when the Trustee incurs expenses or renders services after a default or Event of Default specified in Section
5.1(5) and 5.1(6) hereof occurs, the expenses and the compensation for the services (including the fees and expense of its agents and
counsel) are intended to constitute expense of administration under U.S. Code, Title 11 or any other similar foreign, federal or state
law for the relief of debtors.

 

Without prejudice
to any other rights available to the Trustee under applicable law, to the extent permitted by law any compensation or expense incurred
by the Trustee after a default specified in or pursuant to Section 5.1 is intended to constitute an expense of administration under any
then applicable bankruptcy or insolvency law. “Trustee” for purposes of this Section 6.7 shall include any predecessor
Trustee but the negligence or willful misconduct of any Trustee shall not affect the rights of any other Trustee under this Section 6.7.

 

Notwithstanding
any other provision of this Indenture to the contrary, in no event shall the Trustee be liable for special, indirect or consequential
damages of any kind whatsoever (including but not limited to lost profits) even if the Trustee had been advised of the likelihood of such
loss or damage and regardless of the form of action.

 

The provisions
of this Section 6.7 shall survive the satisfaction and discharge of this Indenture or the earlier resignation or removal of the Trustee
and shall apply with equal force and effect to the Trustee in its capacity as Authenticating Agent, Paying Agent or Security Registrar.

 

Section 6.8          Corporate Trustee Required; Eligibility;
Conflicting Interests

 

There shall at
all times be a Trustee hereunder that is a Corporation or a national banking association, organized and doing business under the laws
of the United States of America, any state thereof or the District of Columbia, eligible under Section 310(a)(1) of the Trust Indenture
Act to act as trustee under an indenture qualified under the Trust Indenture Act and that has a combined capital and surplus (computed
in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000 subject to supervision or examination by federal
or state authority. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.8, it shall
resign immediately in the manner and with the effect hereinafter specified in this Article 6.

 

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

 

Section 6.9          Resignation and Removal; Appointment
of Successor

 

(1)                 
No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article 6 shall become effective
until the acceptance of appointment by the successor Trustee pursuant to Section 6.10.

 

(2)                 
The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the
Company. If the instrument of acceptance by a successor Trustee required by Section 6.10 shall not have been delivered to the Trustee
within 30 days after the giving of such notice of resignation, the resigning Trustee may petition, at the expense of the Company, any
court of competent jurisdiction for the appointment of a successor Trustee with respect to such series.

 

(3)                 
The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal
amount of the Outstanding Securities of such series, delivered to the Trustee and the Company. If the instrument of acceptance by a successor
Trustee required by Section 6.10 shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal,
the Trustee being removed may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor
Trustee with respect to such series. The Trustee for one or more series of Securities may be removed by the Company, so long as no default
or Event of Default has occurred and is continuing with respect to such series.

 

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 (4)           If at any time:

 

(a)                 
the Trustee shall fail to comply with the obligations imposed upon it under Section 310(b) of the Trust Indenture Act with respect
to Securities of any series after written request therefor by the Company or any Holder of a Security of such series who has been a bona
fide Holder of a Security of such series for at least six months, or

 

(b)                 
the Trustee shall cease to be eligible under Section 6.8 and shall fail to resign after written request therefor by the Company
or any such Holder, or

 

(c)                 
the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its
property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose
of rehabilitation, conservation or liquidation, then, in any such case,

 

(i)                 
the Company, by or pursuant to a Company Order, may remove the Trustee with respect to all Securities or the Securities of such
series, or

 

(ii)                 
subject to Section 5.15, any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six
months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee with respect to all Securities of such series and the appointment of a successor Trustee or Trustees.

 

(5)                 If
the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any
cause, with respect to the Securities of one or more series, the Company, by or pursuant to a Company Order, shall promptly appoint
a successor Trustee or Trustees with respect to the Securities of such series (it being understood that any such successor Trustee
may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one
Trustee with respect to the Securities of any particular series) and shall comply with the applicable requirements of Section 6.10.
If, within one year after such resignation, removal or incapacity, or the occurrence of such vacancy, a successor Trustee with
respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall,
forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 6.10, become the
successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the
Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the
Holders of Securities and accepted appointment in the manner required by Section 6.10, any Holder of a Security who has been a bona
fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated,
petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such
series.

 

(6)                 
The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series
and each appointment of a successor Trustee with respect to the Securities of any series by mailing written notice of such event by first-class
mail, postage prepaid, to the Holders of Registered Securities, if any, of such series as their names and addresses appear in the Security
Register. Each notice shall include the name of the successor Trustee with respect to the Securities of such series and the address of
its Corporate Trust Office.

 

 (7)           In no event shall any retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder.

 

Section 6.10          Acceptance of Appointment
by Successor

 

(1)                 
Upon the appointment hereunder of any successor Trustee with respect to all Securities, such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and the retiring Trustee an instrument accepting such appointment, and thereupon the resignation
or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties hereunder of the retiring Trustee; but, on the request of the Company or
such successor Trustee, such retiring Trustee, upon payment of its charges, shall execute and deliver an instrument transferring to such
successor Trustee all the rights, powers and trusts of the retiring Trustee and, subject to Section 10.3, shall duly assign, transfer
and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject nevertheless to its lien,
if any, provided for in Section 6.7.

 

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(2)                  Upon
the appointment hereunder of any successor Trustee with respect to the Securities of one or more (but not all) series, the Company,
the retiring Trustee and such successor Trustee shall execute and deliver an indenture supplemental hereto wherein each successor
Trustee shall accept such appointment and which (a) shall contain such provisions as shall be necessary or desirable to transfer and
confirm to, and to vest in, such successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series to which the appointment of such successor Trustee relates, (b) if the retiring Trustee is
not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that
all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which
the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee and (c) shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any
trust or trusts hereunder administered by any other such Trustee and that no Trustee shall be responsible for any notice given to,
or received by, or any act or failure to act on the part of any other Trustee hereunder, and, upon the execution and delivery of
such supplemental indenture, the resignation or removal of the retiring Trustee shall become effective to the extent provided
therein, such retiring Trustee shall have no further responsibility for the exercise of rights and powers or for the performance of
the duties and obligations vested in the Trustee under this Indenture with respect to the Securities of that or those series to
which the appointment of such successor Trustee relates other than as hereinafter expressly set forth, and such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on
request of the Company or such successor Trustee, such retiring Trustee, upon payment of its charges with respect to the Securities
of that or those series to which the appointment of such successor Trustee relates and subject to Section 10.3 shall duly assign,
transfer and deliver to such successor Trustee, to the extent contemplated by such supplemental indenture, the property and money
held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such
successor Trustee relates, subject to its lien, if any, provided for in Section 6.7.

 

(3)                 
Upon request of any Person appointed hereunder as a successor Trustee, the Company shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts.

 

(4)                 
No Person shall accept its appointment hereunder as a successor Trustee unless at the time of such acceptance such successor Person
shall be qualified and eligible under this Article 6.

 

Section 6.11          Merger, Conversion, Consolidation
or Succession to Business

 

Any Corporation
or national banking association into which the Trustee may be merged or converted or with which it may be consolidated, or any Corporation
or national banking association resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any Corporation
or national banking association succeeding to all or substantially all of the corporate trust business of the Trustee by sale or otherwise,
shall be the successor of the Trustee hereunder, provided such Corporation or national banking association shall otherwise be qualified
and eligible under this Article 6, in each case without the execution or filing of any paper or any further act on the part of any of
the parties hereto. In case any Securities shall have been authenticated but not delivered by the Trustee then in office, any successor
by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated
with the same effect as if such successor Trustee had itself authenticated such Securities.

 

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Section 6.12          Appointment
of Authenticating Agent

 

The Trustee
may appoint one or more Authenticating Agents acceptable to the Company with respect to one or more series of Securities which shall be
authorized to act on behalf of the Trustee to authenticate Securities of that or those series issued upon original issue, exchange, registration
of transfer, partial redemption or partial repayment or pursuant to Section 3.6, and Securities so authenticated shall be entitled to
the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever
reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate
of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating
Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent.

 

Each
Authenticating Agent must be acceptable to the Company and, except as provided in or pursuant to this Indenture, shall at all times
be a Corporation or national banking association that would be permitted by the Trust Indenture Act to act as trustee under an
indenture qualified under the Trust Indenture Act, is authorized under applicable law and by its charter to act as an Authenticating
Agent and has a combined capital and surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least
$50,000,000. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section
6.12, it shall resign immediately in the manner and with the effect specified in this Section 6.12.

 

Any Corporation
or national banking association into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or
any Corporation or national banking association resulting from any merger, conversion or consolidation to which such Authenticating Agent
shall be a party, or any Corporation or national banking association succeeding to all or substantially all of the corporate agency or
corporate trust business of an Authenticating Agent, shall be the successor of such Authenticating Agent hereunder, provided such Corporation
or national banking association shall be otherwise eligible under this Section 6.12, 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 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 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 6.12, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company
and shall mail written notice of such appointment by first-class mail, postage prepaid, to all Holders of Registered Securities, if any,
of the series with respect to which such Authenticating Agent shall serve, as their names and addresses appear in the Security Register.
Any successor Authenticating Agent, upon acceptance of its appointment hereunder, shall become vested with all the rights, powers and
duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent
shall be appointed unless eligible under the provisions of this Section 6.12.

 

The Company
agrees to pay each Authenticating Agent from time to time reasonable compensation for its services under this Section 6.12 to the extent
agreed in writing.

 

The provisions of Section 3.3, Section 6.1, Section 6.4
and Section 6.5 shall be applicable to each Authenticating Agent.

 

If an Authenticating
Agent is appointed with respect to one or more series of Securities pursuant to this Section 6.12, the Securities of such series may have
endorsed thereon, in addition to or in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication
in substantially the following form:

 

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

 

	 	as
    Trustee
	 	 
	 	By	 
	 	 	As Authenticating Agent
	 	 
	 	By	 
	 	 	Authorized Officer
	 	 
	 	Dated:

 

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If all of the Securities of any
series may not be originally issued at one time, and if the Trustee does not have an office capable of authenticating Securities upon
original issuance located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original
issuance, the Trustee, if so requested by Company Request (which writing need not be accompanied by or contained in an Officer’s
Certificate), shall appoint in accordance with this Section 6.12 (and subject to such procedures as shall be acceptable to the Trustee)
an Authenticating Agent having an office in a Place of Payment designated by the Company with respect to such series of Securities.

 

ARTICLE 7

 

HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY

 

Section 7.1          Company to Furnish Trustee Names and Addresses
of Holders

 

In accordance with Section 312(a) of the Trust Indenture
Act, the Company shall furnish or cause to be furnished to the Trustee:

 

(1)                 
semi-annually with respect to Securities of each series not later than 15 days after each Regular Record Date in respect of Securities
of a series, a list, in each case in such form as the Trustee may reasonably require, of the names and addresses of Holders of such Securities
as of the applicable date, and

 

(2)                 
at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request,
a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished, provided, however,
that so long as the Trustee is the Security Registrar no such list shall be required to be furnished.

 

Section 7.2          Preservation of Information; Communications
to Holders

 

The Trustee shall comply with the obligations imposed upon
it pursuant to Section 312 of the Trust Indenture Act.

 

Every Holder
of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company, the Trustee, any Paying
Agent or any Security Registrar shall be held accountable by reason of the disclosure of any such information as to the names and addresses
of the Holders of Securities in accordance with Section 312 of the Trust Indenture Act, regardless of the source from which such information
was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section
312(b) of the Trust Indenture Act.

 

Section 7.3          Reports by Trustee

 

(1)                 
Within 60 days after of each year commencing with the first following the first issuance of Securities pursuant to Section 3.1,
if required by Section 313(a) of the Trust Indenture Act, the Trustee shall transmit, pursuant to Section 313(c) of the Trust Indenture
Act, a brief report dated as of such May 15 with respect to any of the events specified in said Section 313(a) which may have occurred
since the later of the immediately preceding May 15 and the date of this Indenture.

 

(2)           The Trustee shall transmit any reports required
by Section 313(a) of the Trust Indenture Act at the times specified therein.

 

(3)           A copy of each report, if any,
described in Section 7.3(1) and (2) shall, at the time of such transmission to Holders, be filed by the Trustee with each stock
exchange, if any, upon which the Securities are listed, with the Commission and with the Company. The Company will promptly notify
the Trustee when the Securities are listed on any stock exchange and of any delisting thereof.

 

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Section 7.4          Reports by Company

 

The Company, pursuant to Section 314(a) of the Trust Indenture
Act, shall:

 

(1)                 
file with the Trustee, within 30 days after the Company has filed the same with the Commission, unless such reports are available
on the Commission’s EDGAR filing system (or any successor thereto), copies of the annual reports and of the information, documents
and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations
prescribe) which the Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act;
or, if the Company is not required to file information, documents or reports pursuant to either of Section 13 or Section 15(d) of the
Exchange Act, then it shall file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to
time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section
13 of the Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from time
to time in such rules and regulations;

 

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

 

(3)                 
transmit within 30 days after the filing thereof with the Trustee, 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 paragraphs
(1) and (2) of this Section 7.4 as may be required by rules and regulations prescribed from time to time by the Commission.

 

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

 

ARTICLE
8

 

CONSOLIDATION, MERGER AND SALES

 

Section 8.1          Company May Consolidate, etc., Only on
Certain Terms

 

The Company
shall not directly or indirectly consolidate with or merge with or into, or sell, assign, transfer, lease, convey or otherwise dispose
of all or substantially all of its assets and properties and the assets and properties of its Subsidiaries (taken as a whole) to another
Person in one or more related transactions unless:

 

(1)                 
either: (A) the Company is the survivor; or (B) the Person formed by or surviving any such consolidation or merger (if other than
the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition has been made is a Person organized or
existing under the laws of the United States, any state of the United States or the District of Columbia;

 

(2)                 
the Person formed by or surviving any such consolidation or merger (if other than the Company) or the Person to which such sale,
assignment, transfer, lease, conveyance or other disposition has been made shall expressly assume, by an indenture (or indentures, if
at such time there is more than one Trustee) supplemental hereto, in form reasonably satisfactory to the Trustee, executed by the successor
Person and delivered to the Trustee, the due and punctual payment of the principal of, any premium and interest on and any Additional
Amounts with respect to, all the Securities and the performance of every obligation in this Indenture and the Outstanding Securities on
the part of the Company to be performed or observed and shall provide for conversion or exchange rights in accordance with the provisions
of the Securities of any series that are convertible or exchangeable into Common Stock or other securities, cash or other property;

 

    41

     

    

 

(3)                 
either the Company or the successor Person shall have delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition and, if a supplemental
indenture is required in connection with such transaction, such supplemental indenture comply with this Article 8 and that all conditions
precedent herein provided for relating to such transaction have been complied with; and

 

(4)                 
immediately after giving effect to such transaction, no Event of Default or event which, after notice or lapse of time, or both,
would become an Event of Default, shall have occurred and be continuing.

 

Section 8.2          Successor Person Substituted for Company

 

Upon any consolidation
by the Company with or merger of the Company into any other Person or Persons where the Company is not the survivor or any sale, assignment,
transfer, lease, conveyance or other disposition of all or substantially all of the properties and assets of the Company and the properties
and assets of its Subsidiaries (taken as a whole) to any Person or Persons in accordance with Section 8.1, the successor Person formed
by such consolidation or into which the Company is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition
is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the
same effect as if such successor Person had been named as the Company herein; and thereafter, except in the case of a lease, the predecessor
Person shall be released from all obligations and covenants under this Indenture and the Securities.

 

ARTICLE
9

 

SUPPLEMENTAL INDENTURES

 

Section 9.1          Supplemental Indentures Without Consent
of Holders

 

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

 

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

 

(2)                 
to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (as shall be specified
in such supplemental indenture or indentures) or to surrender any right or power herein conferred upon the Company; provided, that in
respect of any such additional covenant, such supplemental indenture may provide for a particular period of grace after default (which
period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such
a default or may limit the remedies available to the Trustee upon an Event of Default or may limit the right of the Holders of a majority
in aggregate principal amount of the Securities of such series to waive such an Event of Default; or

 

 (3)                 to establish the form or terms of Securities of any series as permitted by Section 2.1 and Section 3.1; or

 

(4)                 
to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one
or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.10; or

 

(5)                 
to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein, or to make any other provisions with respect to matters or questions arising under this Indenture; provided that no action pursuant
to this clause (5) shall adversely affect the interests of the Holders of Securities of any series then Outstanding in any material respect;
or

 

(6)                 
to add to, delete from or revise the conditions, limitations and restrictions on the authorized amount, terms or purposes of issue,
authentication and delivery of Securities, as herein set forth; or

 

    42

     

    

 

(7)                 
to add any additional Events of Default with respect to all or any series of Securities (as shall be specified in such supplemental
indenture); or

 

(8)                 
to supplement any of the provisions of this Indenture to such extent as shall be necessary for the defeasance and discharge of
any series of Securities pursuant to Article 4, provided that any such action shall not adversely affect the interests of any Holder of
an Outstanding Security of such series or any other Security in any material respect; or

 

 (9)                 
 to make provisions with respect to conversion or exchange rights of Holders of Securities of any series; or

 

(10)               
to add guarantees in respect of the Securities of one or more series and to provide for the terms and conditions of release thereof;
or

 

(11)               
to convey, transfer, assign, mortgage or pledge to the Trustee as security for the Securities of one or more series any property
or assets and to provide for the terms and conditions of release thereof; or

 

(12)               
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 which is entitled
to the benefit of such provision; or

 

 (13)                to provide for Definitive Securities in addition to or in place of Global Securities; or

 

 (14)                to qualify the Indenture under the Trust Indenture Act; or

 

(15)               
with respect to the Securities of a series, to conform the text of the Indenture or the Securities of such series to any provision
of the description thereof in the Company’s offering memorandum or prospectus relating to the initial offering of such Securities,
to the extent that such provision, in the good faith judgment of the Company, was intended to be a verbatim recitation of a provision
of the Indenture or such Securities; or

 

(16)               
to make any other change that does not adversely affect the rights of Holders of Outstanding Securities in any material respect.

 

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

 

Section 9.2          Supplemental Indentures With Consent
of Holders

 

With the consent
of the Holders of not less than a majority (or such greater amount as is provided for a particular series of Securities) in principal
amount of the Outstanding Securities of each series affected by such supplemental indenture (including consents obtained in connection
with a purchase of, or tender offer or exchange offer for, Securities of such series), by Act of said Holders delivered to the Company
and the Trustee, the Company (when authorized by or pursuant to a Board Resolution) and the Trustee may enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this
Indenture or of modifying in any manner the rights of the Holders of Securities of such series under this Indenture or of the Securities
of such series; provided, however, that no such supplemental indenture, without the consent of the Holder of each Outstanding
Security affected thereby, shall:

 

(1)                 
change the Stated Maturity of the principal of, or any premium or installment of interest on or any Additional Amounts with respect
to, any Security, or reduce the principal amount thereof or the rate (or modify the calculation of such rate in a manner that reduces
such rate) of interest thereon or any Additional Amounts with respect thereto, or any premium payable upon the redemption thereof or otherwise,
or change the obligation of the Company to pay Additional Amounts pursuant to Section 10.4, 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 5.2 or the amount thereof provable in bankruptcy pursuant to Section 5.4, change the redemption provisions or adversely affect
the right of repayment at the option of any Holder as contemplated by Article 13, or change the Place of Payment for any Security or the
Currency in which the principal of, any premium or interest on, or any Additional Amounts with respect to any Security is payable, or
impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of
redemption, on or after the Redemption Date or, in the case of repayment at the option of the Holder, on or after the date for repayment);
or

 

    43

     

    

 

(2)                 
reduce the percentage in principal amount of the Outstanding Securities of any series the consent of the Holders of which are required
for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions
of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or reduce the requirements of
Section 15.4 for quorum or voting; or

 

(3)                 
modify any of the provisions of this Section 9.2 or Section 5.13 or Section 10.5, 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; or

 

(4)                 
make any change that adversely affects the right to convert or exchange any Security into or for Common Stock or other securities,
cash or other property in accordance with the terms of such Security.

 

A supplemental
indenture which changes or eliminates any covenant or other provision of this Indenture which shall have been included expressly and 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.

 

It shall not
be necessary for any Act of Holders of Securities under this Section 9.2 to approve the particular form of any proposed supplemental indenture,
but it shall be sufficient if such Act shall approve the substance thereof.

 

Upon the request
of the Company, accompanied by a copy of a Board Resolution authorizing the execution of any such supplemental indenture, and upon the
filing with the Trustee of evidence of the consent of Holders of Securities as aforesaid, the Trustee shall join with the Company and
any guarantors in the execution of such supplemental indenture unless such 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 such supplemental indenture.

 

Section 9.3          Execution of Supplemental Indentures

 

As a condition
to executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article 9 or the modifications
thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and shall be fully protected in relying upon,
an Officer’s Certificate and Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted
by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s
own rights, duties or immunities under this Indenture or otherwise.

 

Section 9.4          Revocation of Consents

 

Notwithstanding
clause (5) of Section 1.4, any Holder of a Security or future Holder of the same Security may revoke a consent as to its Security or portion
of a Security. Any revocation of a consent by the Holder of a Security or any such future Holder shall be effective only if the Trustee
receives the notice of revocation before the date on which the Trustee receives an Officer’s Certificate from the Company certifying
that the requisite number of consents have been received. If, however, a record date is fixed pursuant to Section 1.4, then notwithstanding
the second preceding sentence, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons,
shall be entitled to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date.

 

    44

     

    

 

Section 9.5          Effect of Supplemental Indentures

 

A supplemental
indenture or waiver becomes effective upon the (a) receipt by the Company or the Trustee of the requisite number of consents (if required),
(b) satisfaction of any conditions to effectiveness as set forth in this Indenture or any such supplemental indenture or waiver and (c)
with respect to a supplemental indenture, execution of such supplemental indenture by the Company and the Trustee. After a supplemental
indenture or waiver becomes effective, it shall bind every Holder, unless it makes a change described in any of clauses (1) through (4)
of Section 9.2, in which case, the supplemental indenture or waiver shall bind a Holder of a Security who is affected thereby only if
it has consented to such supplemental indenture or waiver and every subsequent Holder of a Security or portion of a Security that evidences
the same debt as the consenting Holder’s Security. Upon the effectiveness of any supplemental indenture under this Article, this
Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes;
and, except as provided in the preceding sentence, every Holder of Securities theretofore or thereafter authenticated and delivered hereunder
shall be bound thereby.

 

Section 9.6          Reference in Securities to Supplemental
Indentures

 

Securities
of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article 9 may, and shall
if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture.
If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company,
to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange
for Outstanding Securities of such series.

 

Section 9.7          Conformity with Trust Indenture Act

 

Every supplemental
indenture executed pursuant to this Article 9 shall conform to the requirements of the Trust Indenture Act as then in effect.

 

Section 9.8          Notice of Supplemental Indenture

 

Promptly after
the execution by the Company and the Trustee of any supplemental indenture pursuant to Section 9.2, the Company shall transmit to the
Holders of Outstanding Securities of any series affected thereby a notice setting forth the substance of such supplemental indenture;
provided, that any failure to provide, or any defect in any such notice, shall not impair the validity of any such supplemental indenture.

 

ARTICLE
10

 

COVENANTS

 

Section 10.1          Payment of Principal, any Premium,
Interest and Additional Amounts

 

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

 

Section 10.2          Maintenance of Office or Agency

 

The Company
shall maintain in each Place of Payment for any series of Securities an Office or Agency where Securities of such series may be presented
or surrendered for payment, where Securities of such series may be surrendered for registration of transfer or exchange, where Securities
of such series that are convertible or exchangeable may be surrendered for conversion or exchange, and where notices and demands to or
upon the Company in respect of the Securities of such series relating thereto and this Indenture may be served. The Company will give
prompt written notice to the Trustee of the location, and any change in the location, of such Office or Agency. If at any time the Company
shall fail to maintain any such required Office or Agency or shall fail to furnish the Trustee with the address thereof, such presentations,
surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and demands.

 

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The Company
may also from time to time designate one or more other Offices or Agencies where the Securities of one or more series may be presented
or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that
no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an Office or Agency in each Place
of Payment for Securities of any series for such purposes. The Company shall give prompt written notice to the Trustee of any such designation
or rescission and of any change in the location of any such other Office or Agency.

 

Unless otherwise
provided in or pursuant to this Indenture, the Company hereby designates as the Place of Payment for each series of Securities the Borough
of Manhattan, The City of New York, and initially appoints the Corporate Trust Office of , located at                  , as the Office or Agency of
the Company in the Borough of Manhattan, The City of New York for such purpose. The Company may subsequently appoint a different Office
or Agency in the Borough of Manhattan, The City of New York for the Securities of any series.

 

Section 10.3          Money for Securities Payments to Be
Held in Trust

 

If the Company
shall at any time act as its own Paying Agent with respect to any series of Securities, it shall, on or before each due date of the principal
of, any premium or interest on or Additional Amounts with respect to any of the Securities of such series, segregate and hold in trust
for the benefit of the Persons entitled thereto a sum in the currency or currencies, currency unit or units or composite currency or currencies
in which the Securities of such series are payable (except as otherwise specified pursuant to Section 3.1 for the Securities of such series)
sufficient to pay the principal or any premium, interest or Additional Amounts so becoming due until such sums shall be paid to such Persons
or otherwise disposed of as herein provided, and shall promptly notify the Trustee of its failure so to act.

 

Whenever the
Company shall have one or more Paying Agents for any series of Securities, it shall, on or prior to each due date of the principal of,
any premium or interest on or any Additional Amounts with respect to any Securities of such series, deposit with any Paying Agent a sum
(in the currency or currencies, currency unit or units or composite currency or currencies described in the preceding paragraph) sufficient
to pay the principal or any premium, interest or Additional Amounts so becoming due, such sum to be held in trust for the benefit of the
Persons entitled thereto, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its failure so
to act.

 

The Company
shall cause each Paying Agent for any series of Securities (other than the Trustee) to execute and deliver to the Trustee an instrument
in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 10.3, that such Paying Agent shall:

 

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

 

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

 

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

 

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

 

Except as
otherwise provided herein or pursuant hereto, 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, any premium or interest on or any Additional Amounts with respect to any Security of
any series and remaining unclaimed for two years after such principal or any such premium or interest or any such Additional Amounts
shall have become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be
discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the
Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all
liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying
Agent, before being required to make any such repayment, may at the expense of the Company either cause to be published once, in an
Authorized Newspaper in each Place of Payment for such series, or may cause to be mailed once to Holders of Registered Securities of
such series, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days
from the date of such publication or mailing nor later than two years after such principal and any premium or interest or Additional
Amounts shall have become due and payable, any unclaimed balance of such money then remaining will be repaid to the Company.

 

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Section 10.4          Additional Amounts

 

If any Securities
of a series provide for the payment of Additional Amounts, the Company agrees to pay to the Holder of any such Security Additional Amounts
as provided in or pursuant to this Indenture or such Securities. Whenever in this Indenture there is mentioned, in any context, the payment
of the principal of or any premium or interest on, or in respect of, any Security of any series, such mention shall be deemed to include
mention of the payment of Additional Amounts provided by the terms of such series established hereby or pursuant hereto to the extent
that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms, and express mention
of the payment of Additional Amounts (if applicable) in any provision hereof shall not be construed as excluding Additional Amounts in
those provisions hereof where such express mention is not made.

 

Except as
otherwise provided in or pursuant to this Indenture or the Securities of the applicable series, if the Securities of a series provide
for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to such series of Securities
(or if the Securities of such series shall not bear interest prior to Maturity, the first day on which a payment of principal is made),
and at least 10 days prior to each date of payment of principal or interest if there has been any change with respect to the matters set
forth in the below-mentioned Officer’s Certificate, the Company shall furnish to the Trustee and the principal Paying Agent or Paying
Agents, if other than the Trustee, an Officer’s Certificate instructing the Trustee and such Paying Agent or Paying Agents whether
such payment of principal of and premium, if any, or interest on the Securities of such series shall be made to Holders of Securities
of such series who are United States Aliens (as demonstrated by delivery of appropriate tax forms) without withholding for or on account
of any tax, assessment or other governmental charge described in the Securities of such series. If any such withholding shall be required,
then such Officer’s Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders
of Securities, and the Company agrees to pay to the Trustee or such Paying Agent the Additional Amounts required by the terms of such
Securities. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability
or expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted
by any of them in reliance on any Officer’s Certificate furnished pursuant to this Section 10.4.

 

Section 10.5          Waiver of Certain Covenants

 

The Company
may omit in any particular instance to comply with any term, provision or condition specified pursuant to Section 3.1 with respect to
the Securities of any series if the Company shall have obtained or filed with the Trustee, prior to the time of such failure or omission,
evidence (as described in Section 1.4) of the consent of the Holders of a majority in aggregate principal amount of the Outstanding Securities
of such series, by Act of such Holders, either waiving such compliance in such instance or generally waiving compliance with such term,
provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly
waived, and, until such waiver shall become effective in accordance with Section 9.5, the obligations of the Company and the duties of
the Trustee in respect of any such term, provision or condition shall remain in full force and effect.

 

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Section 10.6          Company Statement as to Compliance

 

(1)                 
If any Securities are Outstanding under this Indenture, the Company shall deliver to the Trustee, within 120 days after the end
of each fiscal year, a written statement (which need not be contained in or accompanied by an Officer’s Certificate) signed by the
principal executive officer, the principal financial officer or the principal accounting officer, stating that:

 

(a)                 
in the course of the performance of his or her duties as an officer of the Company he or she would normally have knowledge of any
default by the Company in the performance of the covenants contained in this Indenture, and

 

(b)                 
to his or her knowledge, the Company has complied with all the conditions and covenants imposed on it under this Indenture throughout
such year, or, if there has been a noncompliance in the fulfillment of any such condition or covenant, specifying each such noncompliance
known to him or her and the nature and status thereof.

 

(2)                 
The Trustee shall have no duty to monitor the Company’s compliance with the covenants contained in this Indenture other than
to receive written notices described in Section 10.6(1).

 

ARTICLE
11

 

REDEMPTION OF SECURITIES

 

Section 11.1          Applicability of Article

 

Redemption
of Securities of any series at the option of the Company as permitted or required by the terms of such Securities shall be made in accordance
with the terms of such Securities and (except as otherwise provided herein or pursuant hereto) this Article 11.

 

Section 11.2          Election to Redeem; Notice to Trustee

 

The
election of the Company to optionally redeem any Securities shall be evidenced by or pursuant to a Board Resolution. In case of any
redemption at the election of the Company of the Securities of any series, the Company shall, at least 60 days prior to the
Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such
Redemption Date and of the principal amount of Securities of such series to be redeemed. In the case of any redemption of Securities
(a) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this
Indenture, or (b) pursuant to an election of the Company which is subject to a condition specified in the terms of such Securities
or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officer’s Certificate evidencing compliance with
such restriction or condition.

 

Section 11.3          Selection by Trustee of Securities
to be Redeemed

 

If less than
all of the Securities of any series with the same issue date, interest rate or formula, Stated Maturity and other terms are to be redeemed,
the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the
Outstanding Securities of such series not previously called for redemption on a pro rata basis or by lot (whichever is consistent with
the Trustee’s customary practice); provided, however, that no such partial redemption shall reduce the portion of
the principal amount of a Registered Security of such series not redeemed to less than the minimum denomination for a Security of such
series established herein or pursuant hereto.

 

The Trustee
shall promptly notify the Company and the Security Registrar (if other than itself) in writing of the Securities selected for redemption
and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed.

 

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

 

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Unless otherwise
specified in or pursuant to this Indenture or the Securities of any series, if any Security selected for partial redemption is converted
into or exchanged for Common Stock or other securities, cash or other property in part before termination of the conversion or exchange
right with respect to the portion of the Security so selected, the converted portion of such Security shall be deemed (so far as may be)
to be the portion selected for redemption. Securities which have been converted or exchanged during a selection of Securities to be redeemed
shall be treated by the Trustee as Outstanding for the purpose of such selection.

 

Section 11.4          Notice of Redemption

 

Notice of redemption
shall be given in the manner provided in Section 1.6, not less than 30 nor more than 60 days prior to the Redemption Date, unless a shorter
period is specified in the Securities to be redeemed, to the Holders of Securities to be redeemed. Failure to give notice by mailing in
the manner herein provided to the Holder of any Registered Securities designated for redemption as a whole or in part, or any defect in
the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other Securities or portion
thereof.

 

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

 

All notices of redemption shall state:

 

 (1)                  the Redemption Date;

 

 (2)                  the Redemption Price or if not then ascertainable, the manner of calculation thereof;

 

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

 

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

 

(5)                 
that, on the Redemption Date, the Redemption Price shall become due and payable upon each such Security or portion thereof to be
redeemed, and, if applicable, that interest thereon shall cease to accrue on and after said date, subject to such conditions as may be
specified pursuant to Section 3.1 with respect to such Security;

 

(6)                 
the place or places where such Securities are to be surrendered for payment of the Redemption Price and any accrued interest and
Additional Amounts pertaining thereto;

 

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

 

(8)                 
in the case of Securities of any series that are convertible or exchangeable into Common Stock or other securities, cash or other
property, the conversion or exchange price or rate, the date or dates on which the right to convert or exchange the principal of the Securities
of such series to be redeemed will commence or terminate and the place or places where such Securities may be surrendered for conversion
or exchange; and

 

 (9)                 the CUSIP number (or any other numbers used by a Depositary to identify such Securities).

 

A notice of
redemption published as contemplated by Section 1.6 need not identify particular Registered Securities to be redeemed.

 

Notice of redemption
of Securities to be redeemed at the election of the Company shall be given by the Company or, upon Company Request, by the Trustee in
the name and at the expense of the Company.

 

Section 11.5          Deposit of Redemption Price

 

At or prior
to 10:00 a.m., New York City time, on any Redemption Date, the Company shall deposit, with respect to the Securities of any series called
for redemption pursuant to Section 11.4, 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 10.3) an amount of money in the applicable Currency sufficient to pay the Redemption
Price of, and (except if the Redemption Date shall be an Interest Payment Date, unless otherwise specified pursuant to Section 3.1 or
in the Securities of such series) any accrued interest on and Additional Amounts with respect to such accrued interest, all such Securities
or portions thereof which are to be redeemed on that date.

 

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Section 11.6          Securities Payable on Redemption Date

 

Notice of
redemption having been given as aforesaid and all conditions specified pursuant to Section 3.1 having been satisfied, the Securities so
to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such
date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear
interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company
at the Redemption Price, together with any accrued interest and Additional Amounts to the Redemption Date; provided, however,
that, except as otherwise specified in or pursuant to this Indenture or the Registered Securities of such series, installments of interest
on Registered Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities,
or one or more Predecessor Securities, registered as such at the close of business on the Regular Record Dates therefor according to their
terms and the provisions of Section 3.7.

 

Unless otherwise
specified in or pursuant to this Indenture or the Securities of any series, if any Security called for redemption shall not be so paid
upon surrender thereof for redemption, the principal and any premium, until paid, shall bear interest from the Redemption Date at the
rate prescribed therefor in the Security.

 

Section 11.7          Securities Redeemed in Part

 

Any Registered
Security which is to be redeemed only in part shall be surrendered at any Office or Agency for such Security (with, if the Company or
the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly
executed by, the Holder thereof or his attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate
and deliver to the Holder of such Security without service charge, a new Registered Security or Securities of the same series, containing
identical terms and provisions, 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 amount of the Security so surrendered. If a Global Security is so surrendered,
the Company shall execute, and the Trustee shall authenticate and deliver to or on behalf of the U.S. Depositary or other Depositary for
such Global Security as shall be specified in the Company Order with respect thereto to the Trustee, 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.

 

Section 11.8          Repurchases on the Open Market

 

The Company
or any Affiliate of the Company may at any time or from time to time repurchase any of the Securities in the open market or otherwise.
Such Securities may, at the option of the Company or the relevant Affiliate of the Company, be held, resold or surrendered to the Trustee
for cancellation.

 

ARTICLE 12

 

SINKING FUNDS

 

Section 12.1          Applicability of Article

 

The provisions
of this Article 12 shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise permitted
or required in or pursuant to this Indenture or any Security of such series issued pursuant to this Indenture.

 

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 such 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 sinking fund payment may be subject to reduction as provided in Section 12.2. Each sinking fund payment shall be applied to the
redemption of Securities of any series as provided for by the terms of Securities of such series and this Indenture.

 

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Section 12.2          Section 12.2 Satisfaction of Sinking
Fund Payments with Securities

 

The Company
may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any series to be made pursuant to
the terms of such Securities (1) deliver Outstanding Securities of such series (other than any of such Securities previously called for
redemption or any of such Securities in respect of which cash shall have been released to the Company) and (2) apply as a credit Securities
of such series which have been redeemed either at the election of the Company pursuant to the terms of such series of Securities or through
the application of permitted optional sinking fund payments pursuant to the terms of such Securities, provided that such Securities have
not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price
specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be
reduced accordingly. If as a result of the delivery or credit of Securities of any series in lieu of cash payments pursuant to this Section
12.2, the principal amount of Securities of such series to be redeemed in order to satisfy the remaining sinking fund payment shall be
less than $100,000, the Trustee need not call Securities of such series for redemption, except upon Company Request, and such cash payment
shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided, however,
that the Trustee or such Paying Agent shall at the request of the Company from time to time pay over and deliver to the Company any cash
payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that series purchased
by the Company having an unpaid principal amount equal to the cash payment requested to be released to the Company.

 

Section 12.3          Redemption of Securities for Sinking
Fund

 

Not less than
60 days prior to each sinking fund payment date for any series of Securities, the Company shall deliver to the Trustee an Officer’s
Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series,
the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by
delivering and crediting of Securities of that series pursuant to Section 12.2, and the basis for such credit and the optional amount,
if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also deliver to the Trustee any Securities to
be so credited and not theretofore delivered. If such Officer’s Certificate shall specify an optional amount to be added in cash
to the next ensuing mandatory sinking fund payment, the Company shall thereupon be obligated to pay the amount therein specified. Not
less than 60 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking
fund payment date in the manner specified in Section 11.3 and cause notice of the redemption thereof to be given in the name of and at
the expense of the Company in the manner provided in Section 11.4. Such notice having been duly given, the redemption of such Securities
shall be made upon the terms and in the manner stated in Section 11.6 and Section 11.7.

 

ARTICLE 13

 

REPAYMENT AT THE OPTION OF HOLDERS

 

Section 13.1          Applicability of Article

 

Securities
of any series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in accordance with
the terms of the Securities of such series. The repayment of any principal amount of Securities pursuant to such option of the Holder
to require repayment of Securities before their Stated Maturity, for purposes of Section 3.9, shall not operate as a payment, redemption
or satisfaction of the indebtedness represented by such Securities unless and until the Company, at its option, shall deliver or surrender
the same to the Trustee with a directive that such Securities be cancelled. Notwithstanding anything to the contrary contained in this
Section 13.1, in connection with any repayment of Securities, the Company may arrange for the purchase of any Securities by an agreement
with one or more investment bankers or other purchasers to purchase such Securities by paying to the Holders of such Securities on or
before the close of business on the repayment date an amount not less than the repayment price payable by the Company on repayment of
such Securities, and the obligation of the Company to pay the repayment price of such Securities shall be satisfied and discharged to
the extent such payment is so paid by such purchasers.

 

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ARTICLE 14

 

SECURITIES IN FOREIGN CURRENCIES

 

Section 14.1          Applicability of Article

 

Whenever this
Indenture provides for (i) any action by, or the determination of any of the rights of, Holders of Securities of any series in which not
all of such Securities are denominated in the same Currency, or (ii) any distribution to Holders of Securities, in the absence of any
provision to the contrary pursuant to this Indenture or the Securities of any particular series, any amount in respect of any Security
denominated in a Foreign Currency shall be treated for any such action or distribution as that amount of Dollars that could be obtained
for such amount on such reasonable basis of exchange and as of the record date with respect to Registered Securities of such series (if
any) for such action, determination of rights or distribution (or, if there shall be no applicable record date, such other date reasonably
proximate to the date of such action, determination of rights or distribution) as the Company may specify in a written notice to the Trustee
or, in the absence of such written notice, as the Trustee may determine.

 

ARTICLE 15

 

MEETINGS OF HOLDERS OF SECURITIES

 

Section 15.1          Purposes for Which Meetings May Be Called

 

A meeting of
Holders of Securities of any series may be called at any time and from time to time pursuant to this Article 15 to make, give or take
any request, demand, authorization, direction, notice, consent, waiver or other Act provided by this Indenture to be made, given or taken
by Holders of Securities of such series.

 

Section 15.2          Call, Notice and Place of Meetings

 

(1)                 
The Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in Section 15.1, to
be held at such time and at such place in the Borough of Manhattan, The City of New York as the Trustee may select and as shall be acceptable
to the Company. Notice of every meeting of Holders of Securities of any series, setting forth the time and the place of such meeting and
in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 1.6, not less than
21 nor more than 180 days prior to the date fixed for the meeting.

 

(2)                 
In case at any time the Company (by or pursuant to a Board Resolution) or the Holders of at least 10% in principal amount of the
Outstanding Securities of any series shall have requested the Trustee to call a meeting of the Holders of Securities of such series for
any purpose specified in Section 15.1, by written request setting forth in reasonable detail the action proposed to be taken at the meeting,
and the Trustee shall not have mailed notice of such meeting within 21 days after receipt of such request or shall not thereafter proceed
to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the amount above specified,
as the case may be, may determine the time and the place in the Borough of Manhattan, The City of New York for such meeting and may call
such meeting for such purposes by giving notice thereof as provided in clause (1) of this Section 15.4.

 

Section 15.3          Persons Entitled to Vote at Meetings

 

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

 

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Section 15.4          Quorum; Action

 

The Persons
entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of Holders
of Securities of such series; provided, however, that if any action is to be taken at such meeting with respect to a consent
or waiver which this Indenture expressly provides may be given by the Holders of a different percentage in principal amount of the Outstanding
Securities of a series, the Persons entitled to vote such percentage in principal amount of the Outstanding Securities of such series
shall constitute a quorum. In the absence of a quorum within 30 minutes after the time appointed for any such meeting, the meeting shall,
if convened at the request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a
period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence
of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as determined
by the chairman of the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting
shall be given as provided in Section 15.2(1), except that such notice need be given only once not less than five days prior to the date
on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage,
as provided above, of the principal amount of the Outstanding Securities of such series which shall constitute a quorum.

 

Except as limited
by the proviso to Section 9.2, any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present
as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities
of that series; provided, however, that, except as limited by the proviso to Section 9.2, any resolution with respect to
any consent or waiver which this Indenture or any supplemental indenture expressly provides may be given by the Holders of at least 66-2/3%
in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly convened and at
which a quorum is present as aforesaid only by the affirmative vote of the Holders of 66-2/3% in principal amount of the Outstanding Securities
of that series; and provided, further, that, except as limited by the proviso to Section 9.2, any resolution with respect
to any request, demand, authorization, direction, notice, consent, waiver or other Act which this Indenture or any supplemental indenture
expressly provides may be made, given or taken by the Holders of a different specified percentage, which is less than a majority, in principal
amount of the Outstanding Securities of a series, may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum
is present as aforesaid by the affirmative vote of the Holders of such specified percentage in principal amount of the Outstanding Securities
of such series.

 

Any resolution
passed or decision taken at any meeting of Holders of Securities of any series duly held in accordance with this Section 15.4 shall be
binding on all the Holders of Securities of such series, whether or not such Holders were present or represented at the meeting.

 

Section 15.5          Determination of Voting Rights;
Conduct and Adjournment of Meetings

 

(1)                 
Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable
for any meeting of Holders of Securities of such series in regard to proof of the holding of Securities of such series and of the appointment
of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates
and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except
as otherwise permitted or required by any such regulations, the holding of Securities shall be proved in the manner specified in Section
1.4 and the appointment of any proxy shall be proved in the manner specified in Section 1.4. Such regulations may provide that written
instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 1.4 or
other proof.

 

(2)                 
The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been
called by the Company or by Holders of Securities as provided in Section 15.2(2), in which case the Company or the Holders of Securities
of the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent
secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities
of such series represented at the meeting.

 

    53

     

    

 

(3)                 
At any meeting, each Holder of a Security of such series or proxy shall be entitled to one vote for each $1,000 principal amount
of Securities of such series held or represented by him; provided, however, that no vote shall be cast or counted at any
meeting in respect of any Security challenged as not Outstanding and ruled by the chairman shall have no right to vote, except as a Holder
of a Security of such series or proxy.

 

(4)                 
Any meeting of Holders of Securities of any series duly called pursuant to Section 15.2 at which a quorum is present may be adjourned
from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented
at the meeting; and the meeting may be held as so adjourned without further notice.

 

Section 15.6          Counting Votes and Recording
Action of Meetings

 

The vote upon
any resolution submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed
the signatures of the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial numbers
of the Outstanding Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors
of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the permanent secretary
of the meeting their verified written reports in triplicate of all votes cast at the meeting. A record, at least in triplicate, of the
proceedings of each meeting of Holders of Securities of any series shall be prepared by the permanent secretary of the meeting and there
shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by
one or more Persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was given
as provided in Section 15.2 and, if applicable, Section 15.4. Each copy shall be signed and verified by the affidavits of the permanent
chairman and secretary of the meeting and one such copy shall be delivered to the Company, and another to the Trustee to be preserved
by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive
evidence of the matters therein stated.

 

    54

     

    

 

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

 

	 	DIGITAL
    BRANDS GROUP, INC.
	 	 
	 	By:	          
	 	 	Name:
	 	 	Title:
	 	 	 
	 	                ,
	 	as
    Trustee
	 	 
	 	By:
	 	 
	 	 	Name:
	 	 	Title:

 

    55EX-10.1

  Exhibit 10.1

  AMENDED AND RESTATED EXECUTIVE COMPENSATION AGREEMENT

   

  THIS AMENDED AND RESTATED EXECUTIVE COMPENSATION AGREEMENT (“Agreement”) is effective as of this 16th day of July, 2022, by and between Kohl’s, Inc. (the “Company”) and Siobhan McFeeney (“Employee”).

  The Company and Employee entered into an Executive Compensation Agreement dated as of January 16, 2022 (the “Original Agreement”), whereby Company and Employee agreed to certain aspects of their relationship during and after the period in which Employee is employed by the Company. 

  The Company has promoted the Employee to the position of Senior Executive Vice President and Chief Technology Officer and, accordingly, the Company and Employee believe it is in their best interests to amend and restate the Original Agreement.

  NOW, THEREFORE, in consideration of the premises and the mutual agreements and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the Company and Employee (individually, a “Party” and collectively the “Parties”), the Parties agree as follows:

  ARTICLE I

  DEFINITIONS

  1.1.“Board” shall mean the Board of Directors of the Company.

  1.2.“Cause” shall mean any of the following:

  (a)Employee’s failure to substantially perform Employee’s duties after a written demand for performance is delivered to Employee that specifically identifies the manner in which the Company believes that Employee has not substantially performed his/her duties, and (i) Employee has failed to demonstrate substantial efforts to resume performance of Employee’s duties on a continuous basis within thirty (30) days after receiving such demand; or (ii) such failure to substantially perform, if previously cured, has recurred; provided, however, that failure to meet sales or financial performance objectives, by itself, will not constitute “Cause;”

  (b)Employee’s failure to substantially comply with any written rules, regulations, policies, or procedures of the Company, including but not limited to the Company’s anti-harassment policies and the “Kohl’s Code of Ethics,” in any case, which is materially injurious to the reputation and/or business of the Company;

  (c)Any dishonest or fraudulent act or omission willfully engaged in by Employee in the course of performance of Employee’s duties for the Company.  The term “willfully” as used herein means any act or omission committed in bad faith or without a reasonable belief that the act or omission was in the best interest of the Company; 

  (d)Any material breach by Employee of Articles III, IV, V, VI, VII, or VIII, below; 

   

  

   

   

  (e)Employee’s commission of a crime, the circumstances of which are substantially related to Employee’s duties or responsibilities for the Company; or

  (f)Engagement by Employee in any illegal conduct in the course of Employee’s duties for the Company, or conduct that is, in the reasonable opinion of the Board, materially injurious or detrimental to the substantial interests or reputation of the Company.

  1.3.Change of Control” means the occurrence of any of the following:  

  (a)the acquisition (other than from the Company) by any person, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (“Exchange Act”)), other than the Company, a subsidiary of the Company or any employee benefit plan or plans sponsored by the Company or any subsidiary of the Company, directly or indirectly, of beneficial ownership (within the meaning of Exchange Act Rule 13d-3) of thirty-three percent (33%) or more of the then outstanding shares of common stock of the Company or voting securities representing thirty-three percent (33%) or more of the combined voting power of the Company’s then outstanding voting securities ordinarily entitled to vote in the election of directors unless the Incumbent Board (defined below), before such acquisition or within thirty (30) days thereafter, deems such acquisition not to be a Change of Control;  

  (b)individuals who, as of the date of this Agreement, constitute the board of directors of the Company (as of such date, “Incumbent Board”) ceasing for any reason to constitute at least a majority of such board of directors of the Company; provided, however, that any person becoming a director subsequent to the date of this Agreement whose election, or nomination for election by the shareholders of the Company, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be for purposes of this Agreement, considered as though such person were a member of the Incumbent Board but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest which was (or, if threatened, would have been) subject to Exchange Act Rule 14a-12(c);  

  (c)the consummation of any merger, consolidation or share exchange of the Company with any other corporation, other than a merger, consolidation or share exchange which results in more than sixty percent (60%) of the outstanding shares of the common stock, and voting securities representing more than sixty percent (60%) of the combined voting power of then outstanding voting securities entitled to vote generally in the election of directors, of the surviving, consolidated or resulting corporation being then beneficially owned, directly or indirectly, by the persons who were the Company’s shareholders immediately prior to such transaction in substantially the same proportions as their ownership, immediately prior to such transaction, of the Company’s then outstanding Common Stock or then outstanding voting securities, as the case may be; or 

  (d)the consummation of any liquidation or dissolution of the Company or a sale or other disposition of all or substantially all of the assets of the Company.

  For purposes of this Section 1.3, the term “Company” means Kohl’s Corporation.  Following the occurrence of an event which is not a Change of Control whereby there is a 

   

  

   

   

  successor company to the Company, or, if there is no such successor, whereby the Company is not the surviving corporation in a merger or consolidation, the surviving corporation or successor holding company (as the case may be), for purposes of this Agreement, shall thereafter be referred to as the Company.  

  1.4.“Company” means Kohl’s, Inc., except as otherwise provided herein.

  1.5.“Designated Beneficiary” means the person or persons designated by Employee, on a form provided by the Company, to receive benefits payable under this Agreement, if any, after the death of Employee.

  1.6.“Disability” means Employee is unable to perform the essential functions of Employee’s job, with or without reasonable accommodation, for a period of one hundred eighty (180) days, whether consecutive or in the aggregate, over any three hundred sixty-five (365) day period.  A determination of Disability shall be made by the Company, which may, at its sole discretion, consult with a physician or physicians satisfactory to the Company, and Employee shall cooperate with any efforts to make such determination.  Any such determination shall be conclusive and binding on the Parties.  Any determination of Disability under this Section 1.6 is not intended to alter any benefits any Party may be entitled to receive under any disability insurance policy carried by either the Company or Employee with respect to Employee, which benefits shall be governed solely by the terms of any such insurance policy.

  1.7.“Final Expenses” means reimbursement of expenses to which Employee is entitled under programs and policies which the Company has made available to employees of the Company and which are in effect at the Company from time to time.

  1.8.“Final Pay” means any unpaid base salary with respect to the period prior to the effective date of Employee’s termination of employment.

  1.9.“Good Reason” means any of the following: (i) a material reduction in Employee’s title, organizational reporting level or base salary which is not agreed to by Employee; or (ii) a mandatory relocation of Employee’s employment with the Company more than 50 miles from Employee’s then-current principal work location, except for travel reasonably required in the performance of Employee’s duties and responsibilities; provided, however, that no termination shall be for Good Reason unless: (1) Employee has provided the Company with written notice that identifies the conduct alleged to have caused Good Reason within twenty (20) days of such conduct first occurring; (2) the Company fails to cure any such alleged conduct within thirty (30) days after the Company’s receipt of such written notice from Employee (the “Cure Period”); and (3) Employee provides the Company with notice of termination for Good Reason, with such termination to be effective within thirty (30) days of the end of the Cure Period.

  1.10.“Health Insurance Continuation” means that, if Employee, following termination from employment, is eligible for, and timely elects to participate in, the Company’s group health insurance plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company will pay the normal monthly employer’s cost of coverage under the Company’s group health insurance plans for full-time employees toward such COBRA coverage for the specified period of severance, if any, set forth in the applicable provision of 

   

  

   

   

  Article II of this Agreement.  If the specified period of severance provided for in this Agreement is longer than the end of the 18-month period for which Employee is eligible for COBRA, the Company will, until the end of such longer period, pay the normal monthly employer’s cost of coverage under the Company’s group health insurance plans to, at its sole discretion, allow Employee to continue to participate in such plans (if allowed by law and the Company’s policies, plans and programs) or allow Employee to purchase reasonably comparable individual health insurance coverage through the end of such longer period.  Employee acknowledges and agrees that Employee is responsible for paying the balance of any costs not paid for by the Company under this Agreement which are associated with Employee’s participation in the Company’s health insurance plans or individual health insurance and that Employee’s failure to pay such costs may result in the termination of Employee’s participation in such plans or insurance.  Employee acknowledges and agrees that the Company may deduct from any Severance Payment Employee receives pursuant to this Agreement, amounts that Employee is responsible to pay for Health Insurance Continuation.  Any Health Insurance Continuation provided for herein will cease on the date on which Employee becomes eligible for health insurance coverage under another employer’s group health insurance plan, and, within five (5) days of Employee becoming eligible for health insurance coverage under another employer’s group health insurance plan, Employee agrees to inform the Company of such fact in writing.

  In no event will the Health Insurance Continuation to be provided by the Company pursuant to this Agreement in one taxable year affect the amount of Health Insurance Continuation to be provided in any other taxable year, nor will Employee’s right to Health Insurance Continuation be subject to liquidation or exchange for another benefit.

  1.11.“Outplacement Services” means outplacement services from an outplacement service company of the Company’s choosing at a cost not to exceed Twenty Thousand and no/100 Dollars ($20,000.00), payable directly by the Company to such outplacement service company.  If such benefit is not used by Employee during the six (6) month period following Employee’s termination of employment, it will be forfeited.

  1.12.“Prorated Bonus” means a share of any bonus attributable to the fiscal year of the Company during which the date of termination of Employee’s employment with the Company occurs to which Employee would be entitled if he/she had worked for the entire fiscal year, as determined in the sole discretion of the Company (pro-rated, as determined by the Company, for the portion of the fiscal year prior to the date of Employee’s termination of employment).

  1.13.“Retirement Age” means an Employee is at least fifty-five (55) years old and has completed ten (10) years or more of service as an Employee of the Company.

  1.14.“Unpaid Bonus” means Employee’s unpaid bonus, if any, attributable to any complete fiscal year of the Company ended before the date of Employee’s termination of employment with the Company.

   

  

   

   

  ARTICLE II

  COMPENSATION AND BENEFITS

  UPON TERMINATION OF EMPLOYMENT

  2.1.Termination by Company for Cause.  If Employee’s employment is terminated by the Company for Cause, Employee shall have no further rights against the Company hereunder, except for the right to receive (i) Final Pay; (ii) Final Expenses; and (iii) Employee’s Unpaid Bonus.  The payment of the Unpaid Bonus shall be made at the same time as any such bonus is paid to other similarly situated executives of the Company.  Furthermore, under this Section 2.1, vesting of any equity awards granted to Employee prior to the date of termination shall be as provided in the applicable equity award agreements between Employee and the Company.

  2.2.Termination by Employee without Good Reason.  If Employee’s employment is terminated by Employee voluntarily without Good Reason, Employee shall have no further rights against the Company hereunder, except for the right to receive (i) Final Pay; (ii) Final Expenses; and (iii) Employee’s Unpaid Bonus.  The payment of the Unpaid Bonus shall be made at the same time as any such bonus is paid to other similarly situated executives of the Company.  Furthermore, under this Section 2.2, vesting of any equity awards granted to Employee prior to the date of termination shall be as provided in the applicable equity award agreements between Employee and the Company.

  2.3.Termination Due to Retirement.  If Employee’s employment is voluntarily terminated by Employee after he/she has reached Retirement Age and prior to the termination, Employee certifies to the Company of his/her intention not to continue employment for another employer after such termination, Employee shall have no further rights against the Company hereunder, except for the right to receive (i) Final Pay; (ii) Final Expenses; (iii) Employee’s Unpaid Bonus; and (iv) Employee’s Prorated Bonus.  Payment of the Unpaid Bonus and the Prorated Bonus shall be made at the same time as any such bonuses for such fiscal years are paid to other similarly situated executives of the Company.  Furthermore, under this Section 2.3, vesting of any equity awards granted to Employee prior to the date of termination shall be as provided in the applicable equity award agreements between Employee and the Company.  

  2.4.Termination Due to Employee’s Death.  If Employee’s employment is terminated due to Employee’s death, Employee’s Designated Beneficiary shall have no further rights against the Company hereunder, except for the right to receive (i) Final Pay; (ii) Final Expenses; (iii) Employee’s Unpaid Bonus; (iv) Employee’s Prorated Bonus; and (v) a Severance Payment (defined below).  Payment of the Unpaid Bonus and the Prorated Bonus shall be made to Employee’s Designated Beneficiary at the same time as any such bonuses for such fiscal years are paid to other similarly situated executives of the Company.  For purposes of this Section 2.4, “Severance Payment” means six (6) months of Employee’s base salary in effect as of the date of Employee’s death, payable in equal installments during the one (1) year period following the effective date of Employee’s termination pursuant to the normal payroll practices of the Company, except as otherwise provided in Section 2.8, below.  Furthermore, under this Section 2.4, vesting of any equity awards granted to Employee prior to the date of Employee’s death shall be as provided in the applicable equity award agreements between Employee and the Company.

   

  

   

   

  2.5.Termination Due to Disability.  If Employee’s employment is terminated due to Employee’s Disability, Employee shall have no further rights against the Company hereunder, except for the right to receive (i) Final Pay; (ii) Final Expenses; (iii) Employee’s Unpaid Bonus; (iv) Employee’s Prorated Bonus; and (v) a Severance Payment (defined below).  Payment of the Unpaid Bonus and the Prorated Bonus shall be made to Employee at the same time as any such bonuses for such fiscal years are paid to other similarly situated executives of the Company.  For purposes of this Section 2.5, “Severance Payment” means six (6) months of Employee’s base salary in effect as of the date of Employee’s termination of employment, payable in equal installments during the six (6) month period following the effective date of Employee’s termination pursuant to the normal payroll practices of the Company, except as otherwise provided in Section 2.8, below.  The amount of such Severance Payment shall be reduced by (x) the value of any compensation (including, but not limited to, the value of any cash compensation, deferred compensation or equity-based compensation, valued in the sole discretion of the Company) received by Employee from another employer or service recipient during the six (6) month period following Employee’s termination of employment and (y) any payments received by Employee under any short-term disability plans, programs or policies offered by the Company during Employee’s absence from the Company prior to Employee’s termination of employment or during the six (6) month period thereafter and Employee agrees to reimburse the Company for the amount of any such reductions.  Notwithstanding the foregoing, the amount of the Severance Payment under this Section 2.5 shall not be reduced by the value of any compensation payable under the Company’s Long Term Disability Program or any successor program thereto.  Employee acknowledges and agrees that, upon the cessation, if any, of such Disability during the period for which the Severance Payment is to be made under this Section 2.5, he/she has an obligation to use his/her reasonable efforts to secure other employment and that his/her failure to do so, as determined at the sole discretion of the Board, is a breach of this Agreement subject to Section 8.5, below.  Furthermore, under this Section 2.5, vesting of any equity awards granted to Employee prior to the date of termination shall be as provided in the applicable equity award agreements between Employee and the Company.

  2.6.Termination by Company Without Cause or by Employee for Good Reason – No Change of Control.  If Employee’s employment is terminated by the Company without Cause or voluntarily by Employee for Good Reason and such termination does not occur within fifteen (15) months after the occurrence of a Change of Control, Employee shall have no further rights against the Company hereunder, except for the right to receive (i) Final Pay; (ii) Final Expenses; (iii) Employee’s Unpaid Bonus; (iv) Employee’s Prorated Bonus; (v) Outplacement Services; (vi) Health Insurance Continuation; and (vii) a Severance Payment (defined below).  Payments of the Unpaid Bonus and the Prorated Bonus shall be made at the same time as any such bonuses for such fiscal years are paid to other similarly situated executives of the Company.  For purposes of this Section 2.6, “Severance Payment” means two (2) years of Employee’s base salary in effect as of the date of Employee’s termination of employment, which shall be paid to Employee in a lump sum within sixty (60) days following Employee’s termination of employment, except as otherwise provided in Section 2.8, below.  Furthermore, under this Section 2.6, vesting of any equity awards granted to Employee prior to the date of termination shall be as provided in the applicable equity award agreements between Employee and the Company.

  2.7.Termination by Company Without Cause or by Employee for Good Reason - Change of Control.  If Employee’s employment is terminated by the Company without Cause or 

   

  

   

   

  voluntarily terminated by Employee for Good Reason and such termination occurs within fifteen (15) months after the occurrence of a Change of Control, Employee shall have no further rights against the Company hereunder, except for the right to receive (i) Final Pay; (ii) Final Expenses; (iii) Employee’s Unpaid Bonus; (iv) Outplacement Services; (v) Health Insurance Continuation; and (vi) a Severance Payment (defined below).  The Unpaid Bonus shall be paid at the same time as any such bonuses are paid to other similarly situated executives of the Company.  For purposes of this Section 2.7, “Severance Payment” means an amount equal to the product of (x) two (2) multiplied by (y) the sum of: (A) Employee’s annual base salary in effect as of the date of Employee’s termination of employment (or, if higher, Employee’s annual base salary immediately prior to the Change of Control) plus (B) an amount equal to the average (calculated at the sole discretion of the Company) annual incentive compensation plan payment paid to Employee for the three (3) fiscal years ending prior to the fiscal year which includes the date of Employee’s termination.  The Severance Payment in this Section 2.7 shall be paid to Employee in a lump sum within sixty (60) days following Employee’s termination of employment, except as otherwise provided in Section 2.8, below.  Furthermore, under this Section 2.7, vesting of any equity awards granted to Employee prior to the date of termination shall be as provided in the applicable equity award agreements between Employee and the Company.

  2.8.Timing of Payments if Required by Code Section 409A.  If amounts paid to Employee pursuant to any Section of this Article II would be subject to a penalty under Section 409A of the Internal Revenue Code (“Code Section 409A”) because Employee is a “specified employee” within the meaning of Code Section 409A(a)(2)(B)(i) and no other exceptions to the penalty are available, such payments will be delayed until the earliest date permissible following the date of Employee’s termination of employment, at which point any such delayed payments will be paid to Employee in a lump sum. Further, to the extent any amounts payable to Employee pursuant to any Section of this Article II are determined, after consultation with the Company’s counsel, to be required to be paid in accordance with the payment timing terms under the Original Agreement in order for Employee to avoid penalties under Code Section 409A, such amounts shall be payable in accordance with the payment timing terms under the Original Agreement, notwithstanding language in this Agreement to the contrary.

  2.9.Release.  As a condition to the receipt of any Severance Payment, Prorated Bonus, Health Insurance Continuation, or Outplacement Services hereunder, Employee, or his/her personal representative, shall be required to execute a written release agreement in a form satisfactory to the Company containing, among other items, a general release of claims against the Company and, as an additional condition to the receipt of such amounts or benefits, Employee shall refuse to exercise any right to revoke such release agreement during any applicable revocation period.  Such written release under this Section 2.9 (i) shall be delivered to Employee within three (3) days after the date of termination of Employee’s employment, and (ii) must be executed by Employee and the revocation period must expire without revocation of such release within 60 days following the date of termination of employment or Employee shall forfeit the compensation and benefits provided under this Agreement that are conditioned upon the release.  For any Severance Payment (or installment thereof) payable under this Agreement, to the extent that (i) the Severance Payment is not required to be delayed for six (6) months due to Employee’s qualification as a “specified employee” as defined in Code Section 409A and (ii) such payment(s) would otherwise be paid or provided to Employee within the 60-day period following the date of termination of employment, such payment(s) shall not be made until the first regular Company payroll date 

   

  

   

   

  occurring at least five (5) business days after Employee’s execution of the written release and the expiration of the applicable revocation period, except where the 60-day period following the date of termination of employment spans two (2) different calendar years, in which case such payment(s) will not be made until the Company’s first regular Company payroll date occurring in the later calendar year during the 60-day period.  For the sake of clarification, any Severance Payment (or installment thereof) that would otherwise be made within such 60-day period but are delayed because of the immediately preceding sentence shall accrue and be paid to Employee in a single lump sum on the date specified in the immediately preceding sentence.  

  2.10.Resignation from Positions. Unless otherwise requested by the Company in writing, upon termination of employment, for whatever reason, Employee shall be deemed to have resigned from any and all titles, positions and appointments Employee holds with the Company, Kohl’s Corporation or any of their subsidiaries or affiliates whether as an officer, director, employee, committee member, trustee or otherwise. Employee agrees to promptly execute such documents as the Company, in its sole discretion, shall reasonably deem necessary to effect such resignations.

  ARTICLE III

  RETURN OF RECORDS

  	Upon termination of employment, for whatever reason, or upon request by the Company at any time, Employee shall immediately return to the Company all documents, records, materials, or other property belonging and/or relating to the Company, all copies of all such materials, and any and all passwords and/or access codes necessary to access and control such materials.  Upon termination of employment, for whatever reason, or upon request by the Company at any time, Employee further agrees to, at the Company’s discretion, return and/or destroy such records maintained by Employee on Employee’s own computer equipment or systems (including any cloud-based service), and to certify in writing, at the Company’s request, that such destruction has occurred.

  ARTICLE IV

  CONFIDENTIALITY

  4.1.Acknowledgments.  Employee acknowledges and agrees that, as an integral part of its business, the Company has expended a great deal of time, money and effort to develop and maintain confidential, proprietary and trade secret information to compete against similar businesses and that this information, if misused or disclosed, would be harmful to the Company’s business and competitive position in the marketplace.  Employee further acknowledges and agrees that in Employee’s position with the Company, the Company provides Employee with access to its confidential, proprietary and trade secret information, strategies and other confidential business information that would be of considerable value to competitive businesses.  As a result, Employee acknowledges and agrees that the restrictions contained in this Article IV are reasonable, appropriate and necessary for the protection of the Company’s confidential, proprietary and trade secret information.  For purposes of this Article IV, the term “Company” means Kohl’s, Inc. and its parent companies, subsidiaries and other affiliates.

   

  

   

   

  4.2.Confidentiality During Employment.  During Employee’s employment with the Company, Employee will not directly or indirectly use or disclose any Confidential Information or Trade Secrets (defined below) except in the interest and for the benefit of the Company.  

  4.3.Trade Secrets Post-Employment.  After the termination, for whatever reason, of Employee’s employment with the Company, Employee will not directly or indirectly use or disclose any Trade Secrets.  Nothing in this Agreement shall limit or supersede any common law, statutory or other protections of trade secrets where such protections provide the Company with greater rights or protections for a longer duration than provided in this Agreement.

  4.4.Confidential Information Post-Employment.  For a period of two (2) years following termination, for whatever reason, of Employee’s employment with the Company, Employee will not directly or indirectly use or disclose any Confidential Information, unless such information ceases to be deemed Confidential Information by means of one of the exclusions set forth in Section 4.5(c), below.

  4.5.Definitions.

  (a)Trade Secret.  The term “Trade Secret” shall have that meaning set forth under applicable law.  

  (b)Confidential Information.  The term “Confidential Information” shall mean all non-Trade Secret information of, about or related to the Company, whether created by, for or provided to the Company, which is not known to the public or the Company’s competitors, generally, including, but not limited to: (i) strategic growth plans, pricing policies and strategies, employment records and policies, operational methods, marketing plans and strategies, advertising plans and strategies, product development techniques and plans, business acquisition and divestiture plans, resources, vendors, sources of supply, suppliers and supplier contractual relationships and terms, technical processes, designs, inventions, research programs and results, source code, short-term and long-range planning, projections, information systems, sales objectives and performance, profit and profit margins, and seasonal plans, goals and objectives; (ii) information that is marked or otherwise designated or treated as confidential or proprietary by the Company; and (iii) information received by the Company from others which the Company has an obligation to treat as confidential.

  (c)Exclusions.  Notwithstanding the foregoing, the term “Confidential Information” shall not include, and the obligations set forth in this Article IV shall not apply to, any information which: (i) can be demonstrated by Employee to have been known by Employee prior to Employee’s employment by the Company; (ii) is or becomes generally available to the public through no act or omission of Employee; (iii) is obtained by Employee in good faith from a third party who discloses such information to Employee on a non-confidential basis without violating any obligation of confidentiality or secrecy relating to the information disclosed; or (iv) is independently developed by Employee outside the scope of Employee’s employment without use of Confidential Information or Trade Secrets.

  (d)Defend Trade Secrets Act.  With respect to the disclosure of a trade secret and in accordance with 18 U.S.C. § 1833, Employee shall not be held criminally or civilly liable under 

   

  

   

   

  any federal or state trade secret law for the disclosure of a trade secret that: (i) is made in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, provided that, the information is disclosed solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding filed under seal so that it is not disclosed to the public.  Employee is further notified that if Employee files a lawsuit for retaliation by the Company for reporting a suspected violation of law, Employee may disclose the Company’s trade secrets to Employee’s attorney and use the trade secret information in the court proceeding, provided that, Employee files any document containing the trade secret under seal so that it is not disclosed to the public and does not disclose the trade secret, except pursuant to court order.

  ARTICLE V

  RESTRICTED SERVICES OBLIGATION

  5.1.Acknowledgments.  Employee acknowledges and agrees that the Company is one of the leading retail companies in the United States, with omni-channel presence throughout the United States, and that the Company compensates executives like Employee to, among other things, develop and maintain valuable goodwill and relationships on the Company’s behalf (including relationships with customers, suppliers, vendors, employees and other associates) and to maintain business information for the Company’s exclusive ownership and use.  As a result, Employee acknowledges and agrees that the restrictions contained in this Article V are reasonable, appropriate and necessary for the protection of the Company’s goodwill, customer, supplier, vendor, employee and other associate relationships and Confidential Information and Trade Secrets.  Employee further acknowledges and agrees that the restrictions contained in this Article V will not pose an undue hardship on Employee or Employee’s ability to find gainful employment.  For purposes of this Article V, the term “Company” means Kohl’s, Inc. and its parent companies, subsidiaries and other affiliates.

  5.2.Restrictions on Competition During Employment.  During Employee’s employment with the Company, Employee shall not directly or indirectly compete against the Company, or directly or indirectly divert or attempt to divert any customer’s business from the Company anywhere the Company does or is taking steps to do business.

  5.3.Post-Employment Restricted Services Obligation.  For the one (1) year period following termination, for whatever reason, of Employee’s employment with the Company, Employee will not, directly or indirectly, provide Restricted Services (defined below) to or on behalf of any Competitor (defined below) to or for the benefit of any market in the continental United States and any other geographic market in which the Company is doing, or is taking material steps to do, business. 

  5.4.Definitions.  

  (a)Restricted Services.  “Restricted Services” shall mean services of any kind or character comparable to those Employee provided to the Company during the eighteen (18) month period immediately preceding Employee’s last date of employment with the Company.

   

  

   

   

  (b)Competitor.  The term “Competitor” means Amazon.com, Inc., Belk, Inc., Burlington Stores, Inc., Dillard’s, Inc., J.C. Penney Company, Inc., Macy’s, Inc., Nordstrom Co., Old Navy, Inc., Ross Stores, Inc., Transform Holdco LLC (the entity which acquired the assets of Sears Holdings Corporation and operates Sears and Kmart), Stage Stores, Inc., Target Corporation, The Gap, Inc., The TJX Companies, Inc. and Walmart Stores, Inc., as the same may be renamed from time to time, including any successors, subsidiaries or affiliates of such entities.

  5.5.California Employees Only.  While Employee resides or works in California, the Parties acknowledge and agree that the restricted activities set forth in this Article V, shall not apply to the activities of Employee.

  ARTICLE VI

  BUSINESS IDEAS; NON-DISPARAGEMENT

  6.1.Assignment of Business Ideas.  Employee shall immediately disclose to the Company a list of all inventions, patents, applications for patent, copyrights, and applications for copyright in which Employee currently holds an interest.  The Company will own, and Employee hereby assigns to the Company, all rights in all Business Ideas, as defined in Section 6.2, below.  All Business Ideas which are or form the basis for copyrightable works shall be considered “works for hire” as that term is defined by United States Copyright Law.  Any works that are not found to be “works for hire” are hereby assigned to the Company.  While employed by the Company and for one (1) year thereafter, Employee will promptly disclose all Business Ideas to the Company and execute all documents which the Company may reasonably require to perfect its patent, copyright and other rights to such Business Ideas throughout the world.  After Employee’s employment with the Company terminates, for whatever reason, Employee will cooperate with the Company to assist the Company in perfecting its rights to any Business Ideas including executing all documents which the Company may reasonably require.  While Employee resides or works in California, the Parties acknowledge and agree that the obligations of this Section 6.1 do not apply to any invention which qualifies as a non-assignable invention under Section 2870 of the California Labor Code.  Employee hereby represents that Employee has received and reviewed the notification attached hereto and incorporated herein as Exhibit A (“Limited Exclusion Notification”). For purposes of this Article VI, the term “Company” means Kohl’s, Inc. and its parent companies, subsidiaries and other affiliates.

  6.2.Business Ideas.  The term “Business Ideas” as used in this Agreement means all ideas, inventions, data, software, developments and copyrightable works, whether or not patentable or registrable, which Employee originates, discovers or develops, either alone or jointly with others while Employee is employed by the Company and for one (1) year thereafter and which are (i) related to any business known by Employee to be engaged in or contemplated by the Company; (ii) originated, discovered or developed during Employee’s working hours during his/her employment with the Company; or (iii) originated, discovered or developed in whole or in part using materials, labor, facilities, Confidential Information, Trade Secrets, or equipment furnished by the Company.

  6.3.Non-Disparagement.  Employee agrees not to engage at any time in any form of conduct or make any statements or representations, or direct any other person or entity to engage in any conduct or make any statements or representations, that disparage, criticize or otherwise 

   

  

   

   

  impair the reputation of the Company, its affiliates, parents and subsidiaries and their respective past and present officers, directors, stockholders, partners, members, agents and employees.  Nothing contained in this Section 6.3 shall preclude Employee from providing truthful testimony or statements pursuant to subpoena or other legal process or in response to inquiries from any government agency or entity. While Employee resides or works in California, the Parties acknowledge and agree that Employee shall not be precluded from exercising protected rights under California law, including without limitation, the right to disclose information about unlawful acts in the workplace as defined by Cal. Gov. Code Section 12964.5 or as authorized under C.C.P. Sec. 1001.

  ARTICLE VII

  NON-SOLICITATION OF RESTRICTED PERSONS

  7.1.Non-Solicitation of Restricted Persons.  While Employee is employed by the Company, and for a period of one (1) year immediately following the end, for whatever reason, of Employee’s employment with the Company, Employee shall not directly or indirectly solicit any Restricted Person to provide services to or on behalf of a person or entity in a manner reasonably likely to pose a competitive threat to the Company.  For purposes of this Article VII, the term “Company” means Kohl’s, Inc. and its parent companies, subsidiaries and other affiliates.

  7.2.Restricted Person.  The term “Restricted Person” means an individual who, at the time of the solicitation, is an employee of the Company and (i) who is a top-level employee of the Company, has special skills or knowledge important to the Company, or has skills that are difficult for the Company to replace and (ii) with whom Employee had a working relationship or about whom Employee acquired or possessed specialized knowledge, in each case, in connection with Employee’s employment with the Company and during the one (1) year period immediately prior to the end of Employee’s employment with the Company.

  7.3.California Employees Only.  While Employee resides or works in California, the Parties acknowledge and agree that the restricted activities set forth in this Article VII, shall be superseded as set forth below: 

  (a)Non-Solicitation of Restricted Persons. While Employee is employed by the Company and following the end, for whatever reason, of Employee’s employment with the Company, Employee shall not use Company Trade Secrets to directly or indirectly solicit any Restricted Person to provide services to or on behalf of a person or entity in a manner reasonably likely to pose a competitive threat to the Company. For purposes of this Article VII, the term “Company” means Kohl’s, Inc. and its parent companies, subsidiaries and other affiliates.

  (b)Restricted Person. The term “Restricted Person” means an individual who, at the time of the solicitation, is an employee of the Company and (i) who is a top-level employee of the Company, has special skills or knowledge important to the Company, or has skills that are difficult for the Company to replace and (ii) with whom Employee had a working relationship or about whom Employee acquired or possessed specialized knowledge, in each case, in connection with Employee’s employment with the Company and during the one (1) year period immediately prior to the end of Employee’s employment with the Company.

   

  

   

   

  ARTICLE VIII

  GENERAL PROVISIONS

  8.1.Notices.  Any and all notices, consents, documents or communications provided for in this Agreement shall be given in writing and shall be personally delivered, mailed by registered or certified mail (return receipt requested) or sent by courier, confirmed by receipt, and addressed as follows (or to such other address as the addressed Party may have substituted by notice pursuant to this Section 8.1):

  				
	 
	(a)
	 
	If to the Company:

	 
	 
	 
	 

	 
	 
	 
	Kohl’s, Inc.

	 
	 
	 
	N56 W17000 Ridgewood Drive

	 
	 
	 
	Menomonee Falls, WI  53051

	 
	 
	 
	Attn:  General Counsel

	 
	 
	 
	 

	 
	(b)
	 
	If to Employee:

	 
	 
	 
	 

	 
	 
	 
	Any notice to be given to Employee may be addressed to him/her at the address as it appears on the payroll records of the Company or any subsidiary thereof.

   

  Such notice, consent, document or communication shall be deemed given upon personal delivery or receipt at the address of the Party stated above or at any other address specified by such Party to the other Party in writing, except that if delivery is refused or cannot be made for any reason, then such notice shall be deemed given on the third day after it is sent.

  8.2.Employee Disclosures and Acknowledgments.

  (a)Prior Obligations.  Following is a list of prior obligations (written and oral), such as confidentiality agreements or covenants restricting future employment or consulting, that Employee has entered into which may restrict Employee’s ability to perform Employee’s duties as an Employee for the Company: 																																			

  (b)Confidential Information of Others.  Employee certifies that Employee has not, and will not, disclose or use during Employee’s time as an employee of the Company, any confidential information which Employee acquired as a result of any previous employment or under a contractual obligation of confidentiality or secrecy before Employee became an employee of the Company.

   

  

   

   

  (c)Scope of Restrictions.  By entering into this Agreement, Employee acknowledges the nature of the Company’s business and the nature and scope of the restrictions set forth in Articles IV, V, VI and VII, above, including specifically Wisconsin’s Uniform Trade Secrets Act, presently § 134.90, Wis. Stats. and, to the extent applicable, the California Uniform Trade Secrets Act, presently Cal. Civil Code §§ 3426-3426.11.  Employee acknowledges and represents that the scope of such restrictions are appropriate, necessary and reasonable for the protection of the Company’s business, goodwill, and property rights.  Employee further acknowledges that the restrictions imposed will not prevent Employee from earning a living in the event of, and after, termination, for whatever reason, of Employee’s employment with the Company.  Nothing herein shall be deemed to prevent Employee, after termination of Employee’s employment with the Company, from using general skills and knowledge gained while employed by the Company.

  (d)Prospective Employers.  Employee agrees, during the term of any restriction contained in Articles IV, V, VI and VII, above, to disclose such provisions to any future or prospective employer.  Employee further agrees that the Company may send a copy of this Agreement to, or otherwise make the provisions hereof known to, any such employer.

  8.3.Effect of Termination.  Notwithstanding any termination of this Agreement, Employee, in consideration of his/her employment hereunder, shall remain bound by the provisions of this Agreement which specifically relate to periods, activities or obligations upon or subsequent to the termination of Employee’s employment.

  8.4.Cooperation.  Employee agrees to take all reasonable steps during and after Employee’s employment with the Company to make himself/herself available to and to cooperate with the Company, at its request, in connection with any legal proceedings or other matters in which it is or may become involved.  Following Employee’s employment with the Company, the Company agrees to pay reasonable compensation to Employee and to pay all reasonable expenses incurred by Employee in connection with Employee’s obligations under this Section 8.4.

  8.5.Effect of Breach.  In the event that Employee breaches any provision of this Agreement or any restrictive covenant agreement between the Company and Employee which is entered into subsequent to this Agreement, Employee agrees that the Company may suspend all additional payments to Employee under this Agreement (including any Severance Payment), recover from Employee any damages suffered as a result of such breach and recover from Employee any reasonable attorneys’ fees or costs it incurs as a result of such breach.  In addition, Employee agrees that the Company may seek injunctive or other equitable relief, without the necessity of posting bond, as a result of a breach by Employee of any provision of this Agreement.

  8.6.Entire Agreement.  This Agreement, including all applicable Exhibits, contains the entire understanding and the full and complete agreement of the Parties and supersedes and replaces any prior understandings and agreements among the Parties, including, but not limited to, the Original Agreement, with respect to the subject matter hereof.  

  8.7.Headings.  The headings of sections and paragraphs of this Agreement are for convenience of reference only and shall not control or affect the meaning or construction of any of its provisions.

   

  

   

   

  8.8.Consideration.  The benefits provided to Employee under this Agreement constitute the consideration for Employee’s undertakings hereunder.

  8.9.Amendment.  This Agreement may be altered, amended or modified only in a writing, signed by both of the Parties hereto.  

  8.10.409A Compliance.  With respect to any benefit payable by the Company to Employee during or after Employee’s employment, whether under this Agreement or otherwise, that is provided under or pursuant to a “nonqualified deferred compensation plan” as defined in Treasury Regulation Section 1.409A-1(a), the Parties intend that such benefit shall be exempt from or comply at all times with all operational and documentary requirements under Code Section 409A, related Treasury Regulations, and other governmental guidance related to Code Section 409A.  Any provision that would cause this Agreement or any such payment, distribution or other benefit to fail to satisfy the requirements of Code Section 409A shall have no force or effect and to the extent an amendment would be effective for purposes of Code Section 409A, the Parties agree that this Agreement or such other arrangement shall be amended to comply with Code Section 409A.  Such amendment shall be retroactive to the extent permitted by Code Section 409A.  Each payment hereunder shall be treated as a separate and distinct “payment” for purposes of Code Section 409A.  Notwithstanding anything herein to the contrary, the Company makes no representations or warranties to Employee with respect to any tax, economic or legal consequences of this Agreement or any payments or other benefits provided hereunder, including under Code Section 409A, and no provision of the Agreement shall be interpreted or construed to transfer any liability for failure to comply with Code Section 409A from Employee or any other individual to the Company or any other person. Employee, by executing this Agreement, shall be deemed to have waived any claim against the Company or any other person with respect to any such tax, or economic or legal consequences.

  8.11.Assignability.  This Agreement is personal to Employee, and Employee may not assign or delegate any of Employee’s rights or obligations hereunder.  The Company shall have the unrestricted right to assign this Agreement and all of the Company’s rights (including the right to enforce this Agreement) and obligations under this Agreement. Employee hereby agrees that, at the Company’s request and expense, Employee will consent to any such assignment by the Company and will promptly execute any assignments or other documents necessary to effectuate any such assignment to the Company’s successors or assigns.  Following such assignment, this Agreement shall be binding and inure to the benefit of any successor or assign of the Company.  For clarification purposes, upon assignment of this Agreement, all references to the Company shall also refer to the person or entity to whom/which this Agreement is assigned.

  8.12.Severability.  The obligations imposed by, and the provisions of, this Agreement are severable and should be construed independently of each other.  If any court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then such invalidity or unenforceability shall have no effect on the other provisions hereof, which shall remain valid, binding and enforceable and in full force and effect, and such invalid or unenforceable provision shall not affect the validity of any other provision.

   

  

   

   

  8.13.Waiver of Breach.  The waiver by either Party of the breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach by either Party.

  8.14.Governing Law; Construction.  This Agreement shall be governed by the internal laws of the State of Wisconsin, without regard to (i) its conflicts of law provisions and (ii) any rules of construction concerning the draftsman hereof.  While Employee resides or works in California, the Parties acknowledge and agree that this Agreement shall be governed by the internal laws of the State of California, without regard to (i) its conflicts of law provisions and (ii) any rules of construction concerning the draftsman hereof. References to “days” shall mean calendar days unless otherwise specified.  

  8.15.Counterparts.  This Agreement may be executed in counterparts, including by facsimile or portable document format (.pdf) signature, each of which shall be deemed an original, and all counterparts so executed shall constitute one agreement binding on all of the Parties hereto notwithstanding that all of the Parties may not be a signatory to the same counterpart.

  8.16.Consistency with Applicable Law.  Employee acknowledges and agrees that nothing in this Agreement prohibits Employee from reporting possible violations of law to any governmental agency, regulatory body or entity, from making other disclosures that are protected under any law or regulation, or from filing a charge with or participating in any investigation or proceeding conducted by a governmental agency or regulatory body.  Employee does not need the prior authorization of the Company’s legal department to make any such reports or disclosures and Employee is not required to notify the Company that Employee has made such reports or disclosures; however, the Company encourages Employee to do so.  While Employee resides or works in California, the Parties acknowledge and agree that nothing in this Agreement prevents Employee from discussing or disclosing information about unlawful acts in the workplace, such as harassment or discrimination or any other conduct that Employee has reason to believe is unlawful.

  8.17.Arbitration.  Employee acknowledges and agrees that Employee has received a copy of and understands the terms and provisions of the Company’s Dispute Resolution Policy (AR-256) (the “DRP”) and, unless Employee has properly elected to not be bound by the DRP as allowed by the DRP, the DRP is incorporated herein by this reference as though set forth in full.  Employee and the Company agree that, to the extent that they constitute “Covered Disputes” under the DRP, any dispute, claim, or controversy between the Company and Employee, arising from or relating to Employee’s employment with the Company or termination of employment, including but not limited to claims arising under or related to this Agreement or any breach of this Agreement, and any alleged violation of any federal, state, or local statute, regulation, common law, or public policy, shall be submitted to and decided by final and binding arbitration in accordance with the terms and provisions of the DRP.  For the sake of clarify, Employee and the Company acknowledge and agree that the Company retains its rights under Section 8.5 of this Agreement to seek injunctive or other equitable relief in a court of law.  To the extent required under applicable law, “Excluded Disputes” under the DRP includes any claim for recoupment of any compensation pursuant to any recoupment policy maintained by the Company under Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act or any Securities and Exchange Commission Rules, as such policy is amended from time to time.  As set forth in the 

   

  

   

   

  DRP, this agreement to arbitrate shall be governed by the Federal Arbitration Act, 9 U.S.C. § et seq. (“FAA”), and shall survive the termination of Employee’s employment with the Company, and can only be revoked or modified by a writing signed by the Parties or as otherwise provided in the DRP. 

  IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year written above.

  		
	COMPANY:

	Kohl’s, Inc.

	 
	 

	 
	 

	/s/ Marc Chini

	By: Marc Chini

	Chief People Officer

	 
	 

	 
	 

	 
	 

	EMPLOYEE:

	 
	 

	 
	 

	/s/ Siobhan McFeeney

	Siobhan McFeeney

   

   

  

   

   

  Exhibit A

  California Employees Only

  LIMITED EXCLUSION NOTIFICATION

  This Is To Notify you in accordance with Section 2872 of the California Labor Code that the foregoing Employment Agreement (the “Agreement”) between you and Kohl’s, Inc. (the “Company”), does not require you to assign, or offer to assign, to the Company any invention that you developed entirely on your own time without using the Company’s equipment, supplies, facilities, or trade secret information except for those inventions that either:

  1.Relate at the time of conception or reduction to practice of the invention to the Company’s business, or actual or demonstrably anticipated research or development of the Company; or

  2.Result from any work performed by you for the Company.

   

  To the extent a provision in the Agreement purports to require you to assign an invention otherwise excluded from the preceding paragraph, the provision is against the public policy of the State of California and is unenforceable in California.

   

  This limited exclusion does not apply to any patent or invention covered by a contract between the Company and the United States or any of its agencies requiring full title to such patent or invention to be in the United States.

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