Document:

Form of Third Supplemental Indenture to the June 23, 2003 Indenture

 Exhibit 4(b)(6) 
  

 XEROX CORPORATION, 
 as Issuer, 
 EACH OF THE GUARANTORS FROM TIME TO TIME PARTY HERETO, 
 as Guarantors 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Trustee 
  

 THIRD SUPPLEMENTAL INDENTURE 
 Dated as of March 20, 2006 
 to Indenture dated as of June 25, 2003 
  

 $700,000,000 6.40% Senior Notes due 2016 
  

 XEROX CORPORATION 
 RECONCILIATION AND TIE BETWEEN TRUST 
 INDENTURE ACT OF 1939 AND INDENTURE 
  

			
	 Trust Indenture Act Section
	  	Indenture Section
	 310(a)(1)
	  	707
	       (a)(2)
	  	707
	       (a)(3)
	  	N.A.
	       (a)(4)
	  	N.A.
	       (a)(5)
	  	N.A.
	       (b)
	  	704, 708(d)
	       (c)
	  	N.A.
	 311(a)
	  	704
	       (b)
	  	704
	       (c)
	  	N.A.
	 312(a)
	  	801
	       (b)
	  	207, 801
	       (c)
	  	801
	 313(a)
	  	201, 802
	       (b)
	  	802
	       (c)
	  	206, 701, 802
	       (d)
	  	802
	 314(a)
	  	203, 1105, 1114
	       (b)
	  	N.A.
	       (c)(1)
	  	203
	       (c)(2)
	  	203
	       (c)(3)
	  	N.A.
	       (d)
	  	N.A.
	       (e)
	  	203
	       (f)
	  	N.A.
	 315(a)
	  	702
	       (b)
	  	206, 701, 702
	       (c)
	  	702
	       (d)
	  	702
	       (e)
	  	603, 708(d)
	 316(a)(last sentence)
	  	N.A.
	       (a)(1)(A)
	  	612
	       (a)(1)(B)
	  	613
	       (a)(2)
	  	N.A.
	       (b)
	  	608
	       (c)
	  	1102
	 317(a)(1)
	  	603
	       (a)(2)
	  	604
	       (b)
	  	417
	 318(a)
	  	213

 N.A. means not applicable. 
 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of this Supplemental Indenture. 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 PARTIES
	  	1
	 RECITALS OF THE COMPANY
	  	1
		
	ARTICLE ONE APPLICATION OF SUPPLEMENTAL INDENTURE AND CREATION OF THE INITIAL NOTES	  	
			
	 SECTION 101.
	  	Application of This Supplemental Indenture.	  	2
	 SECTION 102.
	  	Effect of Supplemental Indenture.	  	2
		
	ARTICLE TWO	  	
		
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	
			
	 SECTION 201.
	  	Definitions.	  	4
	 SECTION 202.
	  	Rules of Construction.	  	15
	 SECTION 203.
	  	Compliance Certificates and Opinions.	  	15
	 SECTION 204.
	  	Form of Documents Delivered to Trustee.	  	16
	 SECTION 205.
	  	Acts of Holders.	  	16
	 SECTION 206.
	  	Notices, etc., to Trustee and Company.	  	17
	 SECTION 207.
	  	Notice to Holders; Waiver.	  	18
	 SECTION 208.
	  	Effect of Headings and Table of Contents.	  	18
	 SECTION 209.
	  	Successors.	  	18
	 SECTION 210.
	  	Separability Clause.	  	18
	 SECTION 211.
	  	Benefits of Indenture.	  	18
	 SECTION 212.
	  	Governing Law.	  	19
	 SECTION 213.
	  	Conflict with Trust Indenture Act.	  	19
	 SECTION 214.
	  	Legal Holidays.	  	19
	 SECTION 215.
	  	Unclaimed Money; Prescription.	  	19
	 SECTION 216.
	  	No Recourse Against Others.	  	20
	 SECTION 217.
	  	Multiple Originals.	  	20
	 SECTION 218.
	  	No Adverse Interpretation of Other Agreements.	  	20
		
	ARTICLE THREE	  	
		
	NOTE FORMS	  	
			
	 SECTION 301.
	  	Forms Generally.	  	20
		
	ARTICLE FOUR	  	
		
	THE NOTES	  	
			
	 SECTION 401.
	  	Title and Terms.	  	21

  

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	 SECTION 402.
	  	Denominations.	  	21
	 SECTION 403.
	  	Execution, Authentication, Delivery and Dating.	  	21
	 SECTION 404.
	  	Temporary Notes.	  	22
	 SECTION 405.
	  	Registrar and Paying Agent.	  	22
	 SECTION 406.
	  	Registration of Transfers and Exchanges.	  	23
	 SECTION 407.
	  	Mutilated, Destroyed, Lost and Stolen Notes.	  	24
	 SECTION 408.
	  	Payment of Interest; Interest Rights Preserved.	  	24
	 SECTION 409.
	  	Persons Deemed Owners.	  	26
	 SECTION 410.
	  	Cancellation.	  	26
	 SECTION 411.
	  	Computation of Interest.	  	26
	 SECTION 412.
	  	Book-Entry Provisions for Global Notes.	  	26
	 SECTION 413.
	  	“CUSIP,” “ISIN” and “Common Code” Numbers.	  	27
	 SECTION 414.
	  	Issuance of Additional Notes.	  	28
	 SECTION 415.
	  	Deposit of Moneys; Payments.	  	28
	 SECTION 416.
	  	Paying Agent To Hold Money in Trust.	  	29
	 SECTION 417.
	  	Euroclear and Clearstream Procedures Applicable.	  	29
		
	ARTICLE FIVE	  	
		
	SATISFACTION AND DISCHARGE	  	
			
	 SECTION 501.
	  	Satisfaction and Discharge of Indenture.	  	29
	 SECTION 502.
	  	Application of Trust Money.	  	30
		
	ARTICLE SIX	  	
		
	REMEDIES	  	
			
	 SECTION 601.
	  	Events of Default.	  	30
	 SECTION 602.
	  	Acceleration of Maturity; Rescission and Annulment.	  	31
	 SECTION 603.
	  	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	32
	 SECTION 604.
	  	Trustee May File Proofs of Claim.	  	33
	 SECTION 605.
	  	Trustee May Enforce Claims Without Possession of Notes.	  	34
	 SECTION 606.
	  	Application of Money Collected.	  	34
	 SECTION 607.
	  	Limitation on Suits.	  	34
	 SECTION 608.
	  	Unconditional Right of Holders to Receive Principal, Premium and Interest.	  	35
	 SECTION 609.
	  	Restoration of Rights and Remedies.	  	35
	 SECTION 610.
	  	Rights and Remedies Cumulative.	  	35
	 SECTION 611.
	  	Delay or Omission Not Waiver.	  	35
	 SECTION 612.
	  	Control by Holders.	  	36
	 SECTION 613.
	  	Waiver of Past Defaults.	  	36
	 SECTION 614.
	  	Waiver of Stay or Extension Laws.	  	36

  

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	ARTICLE SEVEN
		
	THE TRUSTEE	  	
			
	 SECTION 701.
	  	Notice of Defaults.	  	37
	 SECTION 702.
	  	Certain Rights of Trustee.	  	37
	 SECTION 703.
	  	Trustee Not Responsible for Recitals or Issuance of Notes.	  	38
	 SECTION 704.
	  	Trustee May Hold Notes.	  	38
	 SECTION 705.
	  	Money Held in Trust.	  	39
	 SECTION 706.
	  	Compensation and Reimbursement.	  	39
	 SECTION 707.
	  	Corporate Trustee Required; Eligibility.	  	39
	 SECTION 708.
	  	Resignation and Removal; Appointment of Successor.	  	40
	 SECTION 709.
	  	Acceptance of Appointment by Successor.	  	41
	 SECTION 710.
	  	Merger, Conversion, Consolidation or Succession to Business.	  	41
		
	ARTICLE EIGHT	  	
		
	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  	
			
	 SECTION 801.
	  	Disclosure of Names and Addresses of Holders; Holders’ List.	  	42
	 SECTION 802.
	  	Reports by Trustee.	  	42
		
	ARTICLE NINE	  	
		
	MERGER, CONSOLIDATION AND SALE OF ASSETS	  	
			
	 SECTION 901.
	  	Company May Consolidate, etc., Only on Certain Terms.	  	42
	 SECTION 902.
	  	Successor Substituted.	  	43
		
	ARTICLE TEN	  	
		
	SUPPLEMENTAL INDENTURES	  	
			
	 SECTION 1001.
	  	Supplemental Indentures Without Consent of Holders.	  	44
	 SECTION 1002.
	  	Supplemental Indentures and Waivers With Consent of Holders.	  	44
	 SECTION 1003.
	  	Execution of Supplemental Indentures.	  	45
	 SECTION 1004.
	  	Effect of Supplemental Indentures.	  	46
	 SECTION 1005.
	  	Conformity with Trust Indenture Act.	  	46
	 SECTION 1006.
	  	Reference in Notes to Supplemental Indentures.	  	46
	 SECTION 1007.
	  	Notice of Supplemental Indentures.	  	46
	 SECTION 1008.
	  	Record Date.	  	46
		
	ARTICLE ELEVEN	  	
		
	COVENANTS	  	
			
	 SECTION 1101.
	  	Payment of Principal, Premium, if any, and Interest.	  	47

  

 iii 

					
	 SECTION 1102.
	  	Maintenance of Office or Agency.	  	47
	 SECTION 1103.
	  	Money for Note Payments to Be Held in Trust.	  	47
	 SECTION 1104.
	  	Corporate Existence.	  	48
	 SECTION 1105.
	  	Statement by Officers as to Compliance.	  	48
	 SECTION 1106.
	  	Purchase of Notes Upon a Change of Control.	  	48
	 SECTION 1107.
	  	RESERVED.	  	51
	 SECTION 1108.
	  	RESERVED.	  	51
	 SECTION 1109.
	  	RESERVED.	  	51
	 SECTION 1110.
	  	RESERVED.	  	51
	 SECTION 1111.
	  	RESERVED.	  	51
	 SECTION 1112.
	  	Limitation on Liens.	  	51
	 SECTION 1113.
	  	Subsidiary Guarantees.	  	53
	 SECTION 1114.
	  	RESERVED.	  	53
	 SECTION 1115.
	  	RESERVED.	  	53
		
	ARTICLE TWELVE	  	
		
	REDEMPTION OF NOTES	  	
			
	 SECTION 1201.
	  	Right of Redemption.	  	53
	 SECTION 1202.
	  	Applicability of Article.	  	54
	 SECTION 1203.
	  	Election to Redeem; Notice to Trustee.	  	54
	 SECTION 1204.
	  	Selection by Trustee of Notes to Be Redeemed.	  	54
	 SECTION 1205.
	  	Notice of Redemption.	  	54
	 SECTION 1206.
	  	Deposit of Redemption Price.	  	55
	 SECTION 1207.
	  	Notes Payable on Redemption Date.	  	55
	 SECTION 1208.
	  	Notes Redeemed in Part.	  	56
		
	ARTICLE THIRTEEN	  	
		
	LEGAL DEFEASANCE AND COVENANT DEFEASANCE	  	
			
	 SECTION 1301.
	  	Company’s Option to Effect Legal Defeasance or Covenant Defeasance.	  	56
	 SECTION 1302.
	  	Legal Defeasance and Discharge.	  	56
	 SECTION 1303.
	  	Covenant Defeasance.	  	56
	 SECTION 1304.
	  	Conditions to Legal Defeasance or Covenant Defeasance.	  	57
	 SECTION 1305.
	  	Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions.	  	58
	 SECTION 1306.
	  	Reinstatement.	  	59
		
	ARTICLE FOURTEEN	  	
		
	GUARANTEE OF NOTES	  	
			
	 SECTION 1401.
	  	Guarantee.	  	59
	 SECTION 1402.
	  	Execution and Delivery of Guarantee.	  	60

  

 iv 

					
	 SECTION 1403.
	  	Limitation of Guarantee.	  	61
	 SECTION 1404.
	  	Waiver of Subrogation.	  	61
	 SECTION 1405.
	  	Release of Guarantee.	  	62
			
	 Exhibits
	  		  	
	 EXHIBIT A
	  	Global Note Legend	  	A-1
	 EXHIBIT B
	  	Form of Note	  	B-1
	 EXHIBIT C
	  	Form of Guarantee	  	C-1

  

 v 

 THIRD SUPPLEMENTAL INDENTURE, dated as of March 20, 2006 (the “Supplemental
Indenture”), by and among XEROX CORPORATION, a corporation duly organized and existing under the laws of the State of New York (herein called, the “Company”), having its principal office at 800 Long Ridge Road,
P.O. Box 1600, Stamford, Connecticut 06904, Xerox International Joint Marketing, Inc. (“XIJM”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee (herein called, the “Trustee”) to
the Indenture, dated as of June 25, 2003 between the Company and the Trustee as successor by merger to Wells Fargo Bank Minnesota, National Association (the “Base Indenture” and as supplemented by the First Supplemental
Indenture, dated as of June 25, 2003, and the Second Supplemental Indenture, dated as of August 10, 2004, each among the Company, the Guarantors party thereto and the Trustee as successor by merger to Wells Fargo Bank Minnesota, National
Association and this Supplemental Indenture, in respect of the Notes, the “Indenture”). 
 RECITALS OF THE COMPANY

 WHEREAS, the Company and the Trustee entered into the Base Indenture to provide for the issuance from time to time of unsecured
debentures, notes, bonds or other evidences of indebtedness (including instruments in global, temporary or definitive form) to be issued in one or more series (hereinafter called the “Securities”) as the Base Indenture provides;

 WHEREAS, Section 9.01 of the Base Indenture provides, among other things, that the Company and the Trustee may enter into
indentures supplemental to the Base Indenture, without the consent of any Holders of Securities, to establish the form of any Security, as permitted by Section 2.02 of the Base Indenture, and to provide for the issuance of any series of
Securities, as permitted by Section 3.01 of the Base Indenture, and to set forth the terms thereof; 
 WHEREAS, pursuant to
Section 2.02 of the Base Indenture, the Company desires to execute this Supplemental Indenture to establish the form, and pursuant to Section 3.01 of the Base Indenture to provide for the issuance, of a series of its senior notes
designated as 6.40% Senior Notes due 2016 in an aggregate principal amount of $700,000,000 (the “Initial Notes”); 
 WHEREAS, the Company may, if permitted to do so pursuant to the terms of the Indenture, the Initial Notes and the terms of its other indebtedness existing on such future date, authorize the issuance of, if and when issued, additional
Notes which may be offered subsequent to the Issue Date in accordance with this Supplemental Indenture (the “Additional Notes” and, together with the Initial Notes, the “Notes”), pursuant to this Supplemental
Indenture and the Company, the Guarantor and the Trustee have agreed that the Company shall issue and deliver, and the Trustee shall authenticate, the Notes pursuant to the terms of the Indenture and substantially in the form set forth as
Exhibit B, attached hereto, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Indenture; 
 WHEREAS, the Guarantor has duly authorized the execution and delivery of this Supplemental Indenture to provide for the guarantee of the Notes by the Guarantor as evidenced by the notation of guarantee
substantially in the form of Exhibit C hereto, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Indenture; 

 WHEREAS, this Supplemental Indenture shall be subject to and governed by the provisions of
the Trust Indenture Act; 
 WHEREAS, the execution of this Supplemental Indenture has been duly authorized by the Board of Directors
of the Company and the Guarantor and all things necessary to make this Supplemental Indenture a valid, binding and legal instrument according to its terms have been done and performed; and 
 WHEREAS, all things necessary have been done to make the Notes, when executed by the Company and authenticated and delivered hereunder and duly
issued by the Company, the valid obligations of the Company, and to make this Supplemental Indenture a valid agreement of the Company, in accordance with their and its terms. 
 NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Notes, as follows:

 ARTICLE ONE 
 APPLICATION OF SUPPLEMENTAL INDENTURE 
 AND CREATION OF THE INITIAL NOTES 
 SECTION 101. Application of This Supplemental Indenture. 
 Notwithstanding any other provision of this Supplemental Indenture, the provisions of this Supplemental Indenture, including as provided in Section 102 below, are expressly and solely for the benefit of the Holders of the Notes and the
Guarantees. The Initial Notes constitute a series of Securities (as defined in the Base Indenture) as provided in Section 3.01 of the Base Indenture. Unless otherwise expressly specified, references in this Supplemental Indenture to specific
Article numbers or Section numbers refer to Articles and Sections contained in this Supplemental Indenture, and not the Base Indenture or any other document. All the Initial Notes issued under this Supplemental Indenture shall be treated as a single
class for all purposes of the Indenture, including waivers, amendments, redemptions and offers to purchase. 
 SECTION 102. Effect of Supplemental
Indenture. 
 With respect to the Notes (and any Guarantee endorsed thereon) only, the Base Indenture shall be supplemented pursuant to
Section 9.01 thereof to establish the terms of the Notes (and any Guarantee endorsed thereon) as set forth in this Supplemental Indenture, including as follows: 
 (a) Definitions. The definitions and other provisions of general application set forth in Section 1.01 of the Base Indenture are deleted and replaced in their entirety by the provisions of Section 201
of this Supplemental Indenture; 
  

 2 

 (b) Provisions of General Application and Security Forms. Sections 1.02 through 1.15 and
Article Two of the Base Indenture are deleted and replaced in their entirety by the provisions of Articles Two and Three, respectively (other than Section 201 of this Supplemental Indenture) of this Supplemental Indenture; 
 (c) Transfer and Exchange. The provisions of Article Three of the Base Indenture are deleted and replaced in their entirety by the provisions
of Article Four of this Supplemental Indenture; 
 (d) Redemption. The provisions of Article Four of the Base Indenture are
deleted and replaced in their entirety by the provisions of Article Twelve of this Supplemental Indenture; 
 (e) Covenants. The
provisions of Article Five of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Eleven of this Supplemental Indenture; 
 (f) Holders Lists and Reports by Trustee and Company. The provisions of Article Six of the Base Indenture are deleted and replaced in their entirety by Article Eight of this Supplemental Indenture;

 (g) Remedies. The provisions of Article Seven of the Base Indenture are deleted and replaced in their entirety by the
provisions of Article Six of this Supplemental Indenture; 
 (h) The Trustee. The provisions of Article Eight of the Base
Indenture are deleted and replaced in their entirety by the provisions of Article Seven of this Supplemental Indenture; 
 (i)
Amendments and Waivers. The provisions of Article Nine of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Ten of this Supplemental Indenture; 
 (j) Consolidation, Merger, Sale of Assets. The provisions of Article Ten of the Base Indenture are deleted and replaced in their entirety by
the provisions of Article Nine of this Supplemental Indenture; 
 (k) Satisfaction and Discharge. The provisions of
Article Eleven of the Base Indenture are deleted and replaced in their entirety by the provisions of Article Five of this Supplemental Indenture; 
 (l) Immunity of Incorporators, Stockholders, Officers and Directors. The provisions of Article Twelve of the Base Indenture are deleted in their entirety; and 
  

 3 

 (m) Meetings of Holders of Securities. The provisions of Article Thirteen of the Base
Indenture are deleted in their entirety. 
 The provisions of Articles Thirteen and Fourteen of this Supplemental Indenture
shall supplement the Base Indenture. 
 To the extent that the provisions of this Supplemental Indenture (including those referred to in
clauses (a) through (m) above) conflict with any provision of the Base Indenture, the provisions of this Supplemental Indenture shall govern and be controlling, solely with respect to the Notes (and any Guarantee endorsed thereon).

 ARTICLE TWO 
 DEFINITIONS AND OTHER PROVISIONS 
 OF GENERAL APPLICATION 
 SECTION 201. Definitions. 
 For all purposes of this
Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
 “Act,” when used
with respect to any Holder, has the meaning specified in Section 205. 
 “Additional Notes” has the meaning specified
the recitals hereto. 
 “Affiliate” means, with respect to any specified Person, any other Person who directly or indirectly
through one or more intermediaries controls, or is controlled by, or is under common control with, such specified Person. The term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative of the foregoing. 
 “Agent Members” has the meaning specified in Section 412. 
 “Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Notes, the rules
and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 
 “Bankruptcy Law”
means Title 11, United States Bankruptcy Code of 1978, as amended, or any similar United States federal or state law relating to bankruptcy, insolvency, receivership, winding-up, liquidation, reorganization or relief of debtors or any amendment
to, succession to or change in any such law. 
 “Base Indenture” has the meaning provided in the first paragraph hereto.

 “Board of Directors” means, as to any Person, the board of directors or similar governing body of such Person or any duly
authorized committee thereof. 
  

 4 

 “Board Resolution” means, with respect to any Person, a copy of a resolution certified
by the Secretary or an Assistant Secretary of such Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification, and delivered to the Trustee. 
 “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in The City
of New York are authorized or obligated by law or executive order to close. 
 “Capitalized Lease Obligation” means, as
to any Person, the obligations of such Person under a lease that are required to be classified and accounted for as capital lease obligations under GAAP and, for purposes of this definition, the amount of such obligations at any date shall be the
capitalized amount of such obligations at such date, determined in accordance with GAAP. 
 “Capital Markets Debt” means any
Indebtedness that is a security (other than syndicated commercial loans) that is eligible for resale in the United States pursuant to Rule 144A under the Securities Act or outside the United States pursuant to Regulation S of the
Securities Act or a security (other than syndicated commercial loans) that is sold or subject to resale pursuant to a registration statement under the Securities Act. 
 “Capital Stock” means: 
 (1) with respect to any Person that is a
corporation, any and all shares, interests, participations or other equivalents (however designated and whether or not voting) of corporate stock, including each class of Common Stock and Preferred Stock of such Person; and 
 (2) with respect to any Person that is not a corporation, any and all partnership, membership or other equity interests of such Person.

 “Certificated Note” means a definitive Note registered in physical certificated form. 
 “Change of Control” means the occurrence of one or more of the following events: 
 (1) any “person,” including its affiliates and associates, other than the Company, its Subsidiaries or the Company’s or
such Subsidiaries’ employee benefit plans, or any “group” files a Schedule 13D or Schedule TO (or any successor schedule, form or report under the Exchange Act) disclosing that such person or group has become the
“beneficial owner” of 50% or more of the combined voting power of the Company’s Capital Stock or other Capital Stock into which the Company’s Common Stock is reclassified or changed, with certain exceptions having ordinary power
to elect directors, or has the power to, directly or indirectly, elect managers, trustees or a majority of the members of the Company’s Board of Directors; 
  

 5 

 (2) there shall be consummated any share exchange, consolidation or merger of the Company
pursuant to which the Company’s Common Stock would be converted into cash, securities or other property, or the Company sells, assigns, conveys, transfers, leases or otherwise disposes of all or substantially all of its assets, in each case
other than pursuant to a share exchange, consolidation or merger of the Company in which the holders of the Company’s Common Stock immediately prior to the share exchange, consolidation or merger have, directly or indirectly, at least a
majority of the total voting power in the aggregate of all classes of Capital Stock of the continuing or surviving corporation immediately after the share exchange, consolidation or merger; or 
 (3) the Company is dissolved or liquidated. 
 For purposes of this Change of Control definition: 
 (i) “person” or
“group” has the meaning given to it for purposes of Sections 13(d) and 14(d) of the Exchange Act or any successor provisions, and the term “group” includes any group acting for the purpose of acquiring, holding or disposing
of securities within the meaning of Rule 13d-5(b)(1) under the Exchange Act or any successor provision; 
 (ii) a
“beneficial owner” will be determined in accordance with Rule 13d-3 under the Exchange Act, as in effect on the date of this Supplemental Indenture; and 
 (iii) the number of shares of the Company’s voting stock outstanding will be deemed to include, in addition to all outstanding shares
of the Company’s voting stock and unissued shares deemed to be held by the “person” or “group” or other person with respect to which the Change of Control determination is being made, all unissued shares deemed to be held by
all other persons. 
 “Change of Control Offer” has the meaning specified in Section 1106(a). 
 “Change of Control Payment Date” has the meaning specified in Section 1106(b). 
 “Clearstream” means Clearstream Banking, société anonyme, Luxembourg (formerly Cedel Bank, société anonyme),
and any successor thereto. 
 “Code” has the meaning specified in Section 414. 
 “Commission” means the Securities and Exchange Commission. 
 “Common Stock” of any Person means any and all shares, interests or other participations in, and other equivalents (however designated
and whether voting or non-voting) of such Person’s common stock, whether outstanding on January 17, 2002 or issued thereafter, and includes, without limitation, all series and classes of such common stock. 
  

 6 

 “Company” means the Person named as the “Company” in the first paragraph
hereto, until a successor Person shall have become such pursuant to the applicable provisions of this Supplemental Indenture, and thereafter “Company” shall mean such successor Person. 
 “Company Request” or “Company Order” means a written request or order signed in the name of the Company by its
Chairman, any Vice Chairman, its President, any Vice President, its Treasurer or an Assistant Treasurer, and delivered to the Trustee. 
 “Consolidated Net Worth” means, at any time, as to a given entity (a) the sum of the amounts appearing on the latest consolidated balance sheet of such entity and its Subsidiaries, prepared in accordance with generally
accepted accounting principles consistently applied, as (i) the par or stated value of all outstanding Capital Stock (including preferred stock), (ii) capital paid-in and earned surplus or earnings retained in the business plus or minus
cumulative transaction adjustments, (iii) any unappropriated surplus reserves, (iv) any net unrealized appreciation of equity investment, and (v) minorities’ interests in equity of subsidiaries, less (b) treasury stock, plus
(c) in the case of the Company, $600.0 million. 
 “Corporate Trust Office” means a corporate trust office of the
Trustee, at which at any particular time its corporate trust business shall be administered, which office at the date of execution of this Supplemental Indenture is located at Sixth Street and Marquette Avenue, Minneapolis, MN 55479, Attn: Corporate
Trust Services, Xerox Administrator. 
 “Covenant Defeasance” has the meaning specified in Section 1303. 
 “Custodian” means the Trustee, in its capacity as custodian for the Depository or its nominee. 
 “Default” means an event or condition the occurrence of which is, or with the lapse of time or the giving of notice or both would be, an
Event of Default. 
 “Defaulted Interest” has the meaning specified in Section 408. 
 “Depositary” means The Depository Trust Company, its nominees and their respective successors. 
 “Disqualified Capital Stock” means that portion of any Capital Stock which, by its terms (or by the terms of any security into which it
is convertible or for which it is exchangeable at the option of the holder thereof), or upon the happening of any event (other than an event which would constitute an asset sale or Change of Control), matures or is mandatorily redeemable (other than
such Capital Stock that will be redeemed with Qualified Capital Stock), pursuant to a sinking fund obligation or otherwise, or is redeemable at the sole option of the holder thereof (except, in each case, upon the occurrence of an asset sale or
Change of Control) on or prior to the final maturity date of the Notes. 
 “Euroclear” means the Euroclear Clearance System
and any successor thereto. 
 “Event of Default” has the meaning specified in Section 601. 
  

 7 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor
statute or statutes thereto. 
 “Existing Senior Notes” means the Company’s 9 3/4% Senior Notes due 2009, 7 1/8% Senior Notes due 2010, 7 5/8% Senior
Notes due 2013 and 6 7/8% Senior Notes due 2011 outstanding on the Issue Date.

 “fair market value” means, with respect to any asset or property, the price which could be
negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction. 
 “Foreign Subsidiary” means a Restricted Subsidiary that is incorporated or formed in a jurisdiction other than the United States or a
State thereof or the District of Columbia. 
 “GAAP” means generally accepted accounting principles set forth in the
opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity
as may be approved by a significant segment of the accounting profession of the United States, which are in effect from time to time. 
 “Global Note” means each Note in global from issued under this Supplemental Indenture, substantially in the form set forth in Exhibit B attached hereto. 
 “Global Note Legend” means the legend in the form set forth in Exhibit A attached hereto, which is required to be placed on
all Global Notes issued under the Indenture. 
 “Guarantee” means any guarantee of the Notes by a Guarantor. 
 “Guarantor” means (i) XIJM and (ii) each of the Company’s Restricted Subsidiaries that in the future executes a
supplemental indenture in which such Restricted Subsidiary agrees to be bound by the terms of this Supplemental Indenture as a Guarantor; provided that any Person constituting a Guarantor as described above shall cease to constitute a
Guarantor when its respective Guarantee is released in accordance with the terms of this Supplemental Indenture. 
 “Holder”
with respect to the Notes means a Person in whose name a Note is registered in a Security Register. 
 “Indebtedness” means
with respect to any Person, without duplication: 
 (1) all indebtedness of such Person for borrowed money; 
 (2) all indebtedness of such Person evidenced by bonds, debentures, notes or other similar instruments; 
 (3) all Capitalized Lease Obligations of such Person; 
  

 8 

 (4) all indebtedness of such Person issued or assumed as the deferred purchase price of
property, all conditional sale obligations and all indebtedness under any title retention agreement (but excluding trade accounts payable incurred in the ordinary course with a maturity of not greater than 90 days); 
 (5) all indebtedness for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit transaction
(other than obligations with respect to letters of credit supporting obligations not for money borrowed entered into in the ordinary course of business of such Person to the extent such letters of credit are not drawn upon or, if and to the extent
drawn upon, such drawing is reimbursed no later than the fifth business day following payment on the letter of credit); 
 (6)
guarantees and other contingent obligations in respect of Indebtedness referred to in clauses (1) through (5) above and clause (8) below; 
 (7) all indebtedness of any other Person of the type referred to in clauses (1) through (6) which are secured by any Lien on any property or asset of such Person, the amount of such indebtedness being deemed
to be the lesser of the fair market value of such property or asset or the amount of the indebtedness so secured; 
 (8) all
indebtedness under currency agreements and interest swap agreements of such Person; and 
 (9) all Disqualified Capital Stock
issued by such Person or any Preferred Stock of such Person or any Restricted Subsidiary of such Person with the amount of Indebtedness represented by such Disqualified Capital Stock or Preferred Stock being equal to the greater of its voluntary or
involuntary liquidation preference and its maximum fixed repurchase price, but excluding accrued dividends, if any. 
 For purposes of this
Supplemental Indenture, the “maximum fixed repurchase price” of any Disqualified Capital Stock or Preferred Stock which does not have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Capital
Stock or Preferred Stock as if such Disqualified Capital Stock or Preferred Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to this Supplemental Indenture, and if such price is based upon, or
measured by, the fair market value of such Disqualified Capital Stock or Preferred Stock, such fair market value shall be determined reasonably and in good faith by the Board of Directors of the issuer of such Disqualified Capital Stock or Preferred
Stock. 
 Accrual of interest, accrual of dividends, the accretion of accreted value, the payment of interest in the form of additional
Indebtedness and the payment of dividends in the form of additional shares of Preferred Stock will not be deemed to be an incurrence of Indebtedness. The amount of any Indebtedness outstanding as of any date shall be (i) the accreted value of
the Indebtedness in the case of any Indebtedness issued with original issue discount and (ii) the principal amount or liquidation preference thereof. 
 “Indenture” has the meaning specified in the first paragraph hereto. 
  

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 “Initial Notes” has the meaning specified in the recitals hereto. 
 “Interest Payment Date” means March 15 and September 15 of each year, commencing September 15, 2006. 
 “Issue Date” means March 20, 2006, the date of original issuance of the Initial Notes. 
 “Legal Defeasance” has the meaning specified in Section 1302. 
 “Lien” means any lien, mortgage, deed of trust, pledge, security interest, charge or encumbrance of any kind (including any conditional
sale or other title retention agreement, any lease in the nature thereof and any agreement to give any security interest). 
 “Make-Whole Premium” with respect to a Note means an amount equal to the excess of (a) the present value of the remaining interest, premium and principal payments due on such Note to its final maturity date, computed
using a discount rate equal to the Treasury Rate on such date plus 0.50%, over (b) the outstanding principal amount of such Note. For the avoidance of doubt, the Make-Whole Premium shall not be less than zero. 
 “Maturity Date” means, with respect to any Note, the date on which any principal of such Note becomes due and payable as therein or
herein provided, whether at the Stated Maturity with respect to such principal or by declaration of acceleration, call for redemption or purchase or otherwise. 
 “Non-Guarantor Subsidiary” means any Subsidiary of the Company that is not a Guarantor. 
 “Notes” has the meaning specified in the recitals hereto. 
 “Officers’ Certificate” means,
with respect to any Person, a certificate signed by the chief executive officer, the president or any vice president and the chief financial officer, the treasurer, any assistant treasurer or the controller of such Person that shall comply with
applicable provisions of this Supplemental Indenture and delivered to the Trustee. 
 “Opinion of Counsel” means a written
opinion of counsel, who may be an officer, counsel or employee of the Company, and who shall be reasonably acceptable to the Trustee. 
 “Outstanding,” when used with respect to the Notes, means, as of the date of determination, all Notes theretofore authenticated and delivered under the Indenture, except: 
 (i) Notes theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 
 (ii) Notes, or portions thereof, for whose payment or redemption money in the necessary amount has been theretofore deposited with the
Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the 
  

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 Holders of such Notes; provided that, if Notes are to be redeemed, notice of such redemption shall
have been duly given pursuant to the Indenture or provision therefor satisfactory to the Trustee has been made; 
 (iii)
Notes, except to the extent provided in Sections 1302 and 1303, with respect to which the Company has effected Legal Defeasance and/or Covenant Defeasance as provided in Article Thirteen with respect to the Notes; and 
 (iv) Notes in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to the Indenture, other than any
such Notes in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Notes are held by a bona fide purchaser in whose hands the Notes are valid obligations of the Company; provided, however,
that in determining whether the Holders of the requisite principal amount of Outstanding Notes have given any request, demand, authorization, direction, consent, notice or waiver hereunder, and for the purpose of making the calculations required by
Section 313 of the Trust Indenture Act, Notes owned by the Company or any other obligor upon the Notes 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 such calculation or in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Notes which the Trustee actually knows to be so owned shall be so disregarded.
Notes so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to Notes and that the pledgee is not the Company or any
other obligor upon Notes or any Affiliate of the Company or such other obligor. 
 “Paying Agent” means any Person
(including the Company acting as Paying Agent) authorized by the Company to pay the principal of (and premium, if any, on) or interest on any Notes on behalf of the Company. 
 “Person” means an individual, partnership, corporation, limited liability company, unincorporated organization, trust or joint venture,
or a governmental agency or political subdivision thereof. 
 “Predecessor Note” of any particular Note means every previous
Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 407 in exchange for a mutilated security or in lieu of a
lost, destroyed or stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
 “Preferred Stock” of any Person means any Capital Stock of such Person that has preferential rights to any other Capital Stock of such Person with respect to dividends or redemptions or upon liquidation. 
  

 11 

 “Qualified Capital Stock” means any Capital Stock that is not Disqualified Capital
Stock. 
 “Redemption Date,” when used with respect to any Note to be redeemed, in whole or in part, means the date fixed
for such redemption by or pursuant to the Indenture. 
 “Redemption Price,” when used with respect to any Note to be
redeemed, means the price at which it is to be redeemed pursuant to this Supplemental Indenture. 
 “Regular Record Date”
for the interest payable on any Interest Payment Date means the March 1 or September 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 
 “Responsible Officer”, when used with respect to the Trustee, means the chairman or any vice-chairman of the board of directors, the
chairman or any vice-chairman of the executive committee of the board of directors, the chairman of the trust committee, the president, any vice president, the secretary, any assistant secretary, the treasurer, any assistant treasurer, the cashier,
any assistant cashier, any trust officer or assistant trust officer, the controller or any assistant controller or any other officer of the Trustee customarily performing functions similar to those performed by any of the above-designated officers,
and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 
 “Restricted Subsidiary” of any Person means any Subsidiary of such Person which at the time of determination is not an Unrestricted
Subsidiary. 
 “Securities” has the meaning specified in the recitals to this Supplemental Indenture. 
 “Securities Act” means the Securities Act of 1933, as amended, or any successor statute or statutes thereto. 
 “Security Register” and “Security Registrar” have the respective meanings specified in Section 405. 
 “Significant Subsidiary,” with respect to any Person, means any Restricted Subsidiary of such Person that satisfies the criteria for a
“significant subsidiary” set forth in Rule 1.02 of Regulation S-X under the Exchange Act as such Regulation is in effect on January 17, 2002. 
 “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 408. 
 “Specified Redemption” has the meaning set forth in Section 1201 of this Supplemental Indenture. 
 “Specified Redemption Date” has the meaning set forth in the definition of “Treasury Rate.” 
  

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 “Specified Subsidiary” means any Subsidiary of the Company from time to time having a
Consolidated Net Worth Amount of at least $100.0 million; provided, however, that each of Xerox Financial Services, Inc., Xerox Credit Corporation and any other Subsidiary principally engaged in any business or businesses other
than development, manufacture and/or marketing of (x) business equipment (including, without limitation, reprographic, computer (including software) and facsimile equipment), (y) merchandise or (z) services (other than financial
services) shall be excluded as a “Specified Subsidiary” of the Company. 
 “Stated Maturity” when used with
respect to any Indebtedness or any installment of interest thereon means the dates specified in such Indebtedness as the fixed date on which the principal of or premiums on such Indebtedness or such installment of interest is due and payable, and
shall not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 
 “Subordinated Indebtedness” means Indebtedness of the Company that is subordinated or junior in right of payment to the Notes. 
 “Subsidiary,” with respect to any Person, means: 
 (1) any corporation of which the outstanding Capital Stock having at least a majority of the votes entitled to be cast in the election of
directors under ordinary circumstances shall at the time be owned, directly or indirectly, by such Person; or 
 (2) any other
Person of which at least a majority of the voting interest under ordinary circumstances is at the time, directly or indirectly, owned by such Person. 
 “Supplemental Indenture” has the meaning specified in the first paragraph hereto. 
 “Surviving Entity” has the meaning specified in Section 901(a) of this Supplemental Indenture. 
 “Treasury Rate,” for any date, means the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical
Release H.15(519) that has become publicly available at least two business days prior to the date the redemption is effected pursuant to a Specified Redemption (the “Specified Redemption Date”) (or, if such Statistical Release is no
longer published, any publicly available source of similar market data) most nearly equal to the period from the Specified Redemption Date to March 15, 2016; provided, however, that if the period from the Specified Redemption Date
to March 15, 2016, is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a
year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Specified Redemption Date to March 15, 2016, is less than one year, the weekly average yield on
actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 
 “Trust Indenture
Act” or “TIA” means the Trust Indenture Act of 1939, as amended. 
  

 13 

 “Trustee” means the Person named as the Trustee in the first paragraph hereto until a
successor Trustee shall have become such pursuant to the applicable provisions of this Supplemental Indenture, and thereafter “Trustee” shall mean such successor Trustee. 
 “Unrestricted Subsidiary” of any Person means: 
 (1) the Subsidiary to be so designated has total assets of $1,000 or less or any Subsidiary of such Person that at the time of
determination shall be or continue to be designated an Unrestricted Subsidiary by the Board of Directors of such Person in the manner provided below; and 
 (2) any Subsidiary of an Unrestricted Subsidiary. 
 The Board of Directors may designate any Subsidiary
(including any newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary unless such Subsidiary owns any Capital Stock of, or owns or holds any Lien on any property of, the Company or any other Subsidiary of the Company that is not
a Subsidiary of the Subsidiary to be so designated; provided that each Subsidiary to be so designated and each of its Subsidiaries has not at the time of designation, and does not thereafter, create, incur, issue, assume, guarantee or
otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of the Company or any of its Restricted Subsidiaries. 
 The Board of Directors may designate any Unrestricted Subsidiary to be a Restricted Subsidiary only if immediately before and immediately after giving
effect to such designation, no Default or Event of Default shall have occurred and be continuing. 
 Any such designation by the Board of
Directors shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing
provisions. 
 “U.S. Government Obligations” means securities that are (i) direct obligations of the United States for
the timely payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States, the timely payment of which is unconditionally
guaranteed as a full faith and credit obligation by the United States, which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank (as defined in
Section 3(a)(2) of the Securities Act) as custodian with respect to any such U.S. Government Obligation or a specific payment of principal of or interest on any such U.S. Government Obligation held by such custodian for the account of
the holder of such depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian
in respect of the U.S. Government Obligation or the specific payment of principal of or interest on the U.S. Government Obligation evidenced by such depository receipt. 
  

 14 

 “Wholly Owned Restricted Subsidiary” of any Person means any Wholly Owned Subsidiary of
such Person which at the time of determination is a Restricted Subsidiary of such Person. 
 “Wholly Owned Subsidiary” of
any Person means any Subsidiary of such Person of which all the outstanding voting securities (other than in the case of a Foreign Subsidiary, directors’ qualifying shares or an immaterial amount of shares required to be owned by other Persons
pursuant to applicable law) are owned by such Person or any Wholly Owned Subsidiary of such Person. 
 SECTION 202. Rules of Construction. 

Unless the context otherwise requires: 
 (a) the terms defined in this Article Two have the meanings assigned to them in this Article Two, and include the plural as well as the singular; 
 (b) all terms used herein which are defined in the Trust Indenture Act or the rules and regulations of the Commission thereunder, either directly or by reference therein, have the meanings assigned to them therein;

 (c) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP; 
 (d) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Supplemental Indenture as
a whole and not to any particular Article, Section or other subdivision; 
 (e) references to any Article, Section or other subdivision in
this Supplemental Indenture, unless otherwise described, are references to an Article, Section or subdivision of this Supplemental Indenture; 
 (f) “or” is not exclusive; 
 (g) words used herein implying any gender shall apply to every gender; and 
 (h) unsecured Indebtedness shall not be deemed to be subordinate or junior to secured Indebtedness merely by virtue of its nature as unsecured
Indebtedness. 
 SECTION 203. Compliance Certificates and Opinions. 
 Upon any application or request by the Company to the Trustee to take any action under any provision of this Supplemental Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that
all conditions precedent, if any, provided for in the Indenture (including any covenant compliance with which constitutes a condition precedent) relating to the proposed action have been complied with and an Opinion of Counsel stating that in the
opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this
Supplemental Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 
  

 15 

 Every certificate or opinion with respect to compliance with a condition or covenant provided for in the
Indenture (other than pursuant to Section 1105) shall include: 
 (1) a statement that each individual signing such
certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (2) a brief
statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him
to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (4) a statement
as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 SECTION 204. Form of Documents Delivered to
Trustee. 
 In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is
not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters
and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the
exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. In giving such opinion, such counsel may rely upon opinions of
local counsel reasonably satisfactory to the Trustee. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company,
unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other
instruments under the Indenture, they may, but need not, be consolidated and form one instrument. 
 SECTION 205. Acts of Holders. 
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by the Indenture to be given or taken by Holders of
Notes may be 
  

 16 

 embodied in and evidenced by one or more instruments of substantially similar tenor signed by Holders of Notes in person
or by agents duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the
Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such
instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Supplemental Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section 205. 
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or
by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer
acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person
executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
 (c) The principal amount and serial numbers
of Notes, if a Certificated Note held by any Person, and the date of holding the same, shall be proved by the applicable Security Register. 
 (d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note shall bind every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof
or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Note. 
 SECTION 206. Notices, etc., to Trustee and Company. 
 Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders of Notes or other document provided or permitted by the Indenture to be made upon, given or furnished to, or filed with, 
 (1) the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in
writing to or with the Trustee at its Corporate Trust Office, to the attention of its Corporate Trust Department; 
 (2) the
Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to it at the address of its
principal office specified in the first paragraph of this Supplemental Indenture, or at any other address previously furnished in writing to the Trustee by the Company. 
  

 17 

 SECTION 207. Notice to Holders; Waiver. 
 Where the Indenture provides notice of any event to Holders by the Company or the Trustee, such notice shall be sufficiently given (unless otherwise
herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at its address as it appears in the applicable Security Register, not later than the latest date, if any, and not earlier than
the earliest date, if any, prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the
sufficiency of such notice with respect to other Holders. Any notice mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have been received by such Holder when so mailed, whether or not such Holder actually receives
such notice. Where the Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers
of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
 In case by reason of the suspension of or irregularities in regular mail service or by reason of any other cause, it shall be impracticable to mail notice of any event to Holders when such notice is required to be
given pursuant to any provision of the Indenture, then any manner of giving such notice as shall be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice for every purpose hereunder. 
 Holders may communicate pursuant to Section 312(b) of the Trust Indenture Act with other Holders with respect to their rights under the Indenture or
the Notes they hold. The Company, the Trustee, the Registrar and anyone else shall have the protection of Section 312(c) of the Trust Indenture Act. 
 SECTION 208. 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 of this Supplemental Indenture. 
 SECTION 209. Successors. 
 All agreements of the Company in the Indenture and the Notes shall bind its successors. All agreements of the Trustee in the Indenture shall bind its
successors. 
 SECTION 210. Separability Clause. 
 In case any provision in the Indenture or in the Notes 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 211. Benefits of Indenture. 
 Nothing in the
Indenture, in the Notes, express or implied, shall give to any Person, other than the parties to this Supplemental Indenture, any Paying Agent, any Security Registrar and their successors hereunder and the Holders, any benefit or any legal or
equitable right, remedy or claim under the Indenture. 
  

 18 

 SECTION 212. Governing Law. 
 THE INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE
APPLICATION OF THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 SECTION 213. Conflict with Trust Indenture Act. 
 If any provision of this Supplemental Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act or another provision which is
required or deemed to be included in the Indenture by any of the provisions of the Trust Indenture Act, such provision or requirement of the Trust Indenture Act shall control. 
 If any provision of the Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision
shall be deemed to apply to the Indenture as so modified or excluded, as the case may be. 
 SECTION 214. Legal Holidays. 
 In any case where any Interest Payment Date, Redemption Date, date established for the payment of Defaulted Interest, Stated Maturity, Maturity Date or
Change of Control Payment Date of any Note shall not be a Business Day, then (notwithstanding any other provision of the Indenture or of the Notes) payment of interest or principal (and premium, if any) need not be made on such date, but may be made
on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date, Redemption Date, date established for the payment of Defaulted Interest, Stated Maturity, Maturity Date or Change of Control Payment Date;
provided that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date, date established for the payment of Defaulted Interest, Stated Maturity, Maturity Date or Change of Control Payment Date, as the
case may be. In such event, no interest shall accrue with respect to such payment for the period from and after such Interest Payment Date, Redemption Date, date established for the payment of Defaulted Interest, Stated Maturity, Maturity Date or
Change of Control Payment Date, as the case may be, to the next succeeding Business Day and, with respect to any Interest Payment Date, interest for the period from and after such Interest Payment Date shall accrue with respect to the next
succeeding Interest Payment Date. If a regular record date is a date that is not a Business Day, such record date shall not be affected. 
 SECTION 215.
Unclaimed Money; Prescription. 
 If money deposited with the Trustee or any applicable agent for the payment of principal of, premium,
if any, or interest on the Notes remains unclaimed for two years, the Trustee and such Paying Agent shall return the money to the Company. After that, Holders entitled to the money must look to the Company for payment unless applicable abandoned

  

 19 

 property law designates another Person and all liability of the Trustee and such Paying Agent shall cease. Other than as
set forth in this paragraph, the Indenture does not provide for any periods for the escheatment of the payment of principal of, premium, if any, or interest and on the Notes. 
 SECTION 216. No Recourse Against Others. 
 No past, present or future director, officer, employee,
promoter, adviser, incorporator or shareholder of the Company, as such, shall have any liability for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their
creation. Each Holder of the Notes by accepting a Note waives and releases all such liability, to the extent permitted by applicable law. The waiver and release are part of the consideration for issuance of the Notes. 
 SECTION 217. Multiple Originals. 
 The parties may
sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Supplemental Indenture. 
 SECTION 218. No Adverse Interpretation of Other Agreements. 
 This Supplemental Indenture may not be used to interpret another indenture, loan, security or debt agreement of the Company. No such indenture, loan, security or debt agreement may be used to interpret this Supplemental Indenture.

 ARTICLE THREE 
 NOTE
FORMS 
 SECTION 301. Forms Generally. 
 The Notes shall be known as they are defined in the recitals of this Supplemental Indenture. The Notes shall be treated as a single class for all purposes under the Indenture. The Notes and the Trustee’s certificates of authentication
shall be in substantially the forms set forth in Exhibit B, attached to this Supplemental Indenture, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Indenture, and may
have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers
executing such Notes, as evidenced by their execution of the Notes. Any portion of the text of any Note may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Note. 
 The definitive Notes shall be printed, lithographed or engraved on steel-engraved borders or word processed or may be produced in any other manner, all
as determined by the officers of the Company executing such Notes, as evidenced by their execution of such Notes; provided, however, that if the Notes are listed on any securities exchange such manner as is permitted by the rules of
such securities exchange. 
  

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 Each Note shall be dated the date of its issuance and shall show the date of its authentication. The
terms and provisions contained in the Notes shall constitute, and are expressly made, a part of the Indenture. 
 ARTICLE FOUR

 THE NOTES 
 SECTION 401. Title
and Terms. 
 The Trustee shall authenticate Notes to be authenticated and delivered under this Supplemental Indenture on the Issue Date
in an aggregate amount equal to $700,000,000 and, except for Notes authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 403, 404, 406, 407, 901, 1106 or 1208. The
Trustee shall authenticate Additional Notes thereafter in unlimited amount for original issue upon a written order of the Company in the form of an Officers’ Certificate in aggregate principal amount as specified in such order (so long as
permitted by the Indenture). Any such Officers’ Certificate shall also specify the date on which the original issue of Notes is to be authenticated. 
 The Notes will mature on March 15, 2016. Interest on the Notes will accrue at the rate of 6.40% per annum and will be payable semiannually in cash on each March 15 and September 15, commencing on
September 15, 2006, to the persons who are registered Holders of Notes at the close of business on the March 1 or September 1 immediately preceding the applicable interest payment date. Interest on the Notes will accrue from the most
recent date to which interest has been paid or, if no interest has been paid, from and including the date of issuance to but excluding the actual interest payment date. Interest will be computed on the basis of a 360-day year comprised of twelve
30-day months. 
 The Notes shall be redeemable as provided in Article Twelve. 
 SECTION 402. Denominations. 
 The Notes shall be
issuable only in registered form without coupons and only in denominations of $2,000 and any integral multiple thereof. 
 SECTION 403. Execution,
Authentication, Delivery and Dating. 
 The Notes shall be executed on behalf of the Company by its chairman, any vice chairman, its
president, a vice president, the treasurer or any assistant treasurer, under its corporate seal reproduced thereon and attested by its secretary or an assistant secretary. The signature of any of these officers on the Notes may be manual or
facsimile signatures of the present or any future such authorized officer and may be imprinted or otherwise reproduced on the Notes. 
 Notes
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 Notes. 
  

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 At any time and from time to time after the execution and delivery of this Supplemental Indenture, the
Company may deliver Notes executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes, and the Trustee in accordance with such Company Order shall authenticate and
deliver such Notes. 
 Each Note shall be dated the date of its authentication. 
 No Note shall be entitled to any benefit under the Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of
authentication substantially in the form provided for herein duly executed by the Trustee by manual signature of a Responsible Officer, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been
duly authenticated and delivered hereunder and is entitled to the benefits of the Indenture. 
 SECTION 404. Temporary Notes. 
 Pending the preparation of definitive Notes, the Company may execute and upon Company Order the Trustee shall authenticate and deliver, temporary Notes
which are printed, lithographed, typewritten, word processed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Notes in lieu of which they are issued and with such appropriate insertions, omissions,
substitutions and other variations as the officers executing such Notes may determine, as conclusively evidenced by their execution of such Notes. 
 If temporary Notes are issued, the Company shall cause definitive Notes to be prepared without unreasonable delay. After the preparation of definitive Notes, the temporary Notes shall be exchangeable for definitive Notes upon surrender of
the temporary Notes at the office or agency of the Company designated for such purpose pursuant to Section 1102, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Notes, the Company shall execute and
upon Company Order the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Notes of authorized denominations and the Trustee shall cancel and return, within three (3) Business Days, all such
temporary Notes surrendered for cancellation. Until so exchanged, the temporary Notes shall in all respects be entitled to the same benefits under the Indenture as definitive Notes. 
 SECTION 405. Registrar and Paying Agent. 
 The Company shall cause to be kept at the Corporate Trust
Office of the Trustee a register for the Notes issued under the Indenture (such register maintained in such office and in any other office or agency designated pursuant to Section 1102 being herein sometimes referred to as the “Security
Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of the Notes issued under the Indenture and of transfers of the Notes issued under the Indenture. The Security
Register shall be in written form or any other form capable of being converted into written form within a reasonable time. At all reasonable times, the Security Register shall be open to inspection by the Trustee. The Trustee is hereby initially
appointed as Security Registrar (the “Security Registrar”) for the 
  

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 purpose of registering Notes and transfers of Notes as herein provided. The Security Registrar shall not be required to
register transfers of Notes or to exchange Notes for a period beginning 15 days before the mailing of a notice of redemption of Notes and ending on the date of such mailing. The Security Registrar shall not be required to exchange or register
transfers of any Notes called or being called for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 
 The Company shall maintain an office or agency within the City and State of New York where Notes may be presented for payment to the Paying Agent. The Company may have one or more Co-Security Registrars and one or more additional
paying agents. The term “Paying Agent” includes any additional paying agent. 
 The Company shall enter into an appropriate agency
agreement with any Paying Agent or Co-Security Registrar not a party to the Indenture, which shall incorporate the terms of the TIA. The agreement shall implement the provisions of the Indenture that relate to such agent. The Company shall notify
the Trustee of the name and address of any such agent. Initially, the Trustee will act as Paying Agent in The City of New York and Security Registrar. If the Company fails to maintain a Security Registrar or Paying Agent, the Trustee shall act
as such and shall be entitled to appropriate compensation therefor pursuant to Section 706. The Company or any of its Wholly Owned Subsidiaries incorporated in the United States may act as Paying Agent, Security Registrar, Co-Security Registrar
or transfer agent. 
 SECTION 406. Registration of Transfers and Exchanges. 
 Upon surrender for registration of transfer of any Note at the office or agency of the Company designated pursuant to Section 1102, the Company shall
execute and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any authorized denomination or denominations of a like aggregate principal amount. 
 Furthermore, any Holder of any Global Note shall, by acceptance of such Global Note, agree that transfers of beneficial interests in such Global Note may
be effected only through a book-entry system maintained by the Holder of such Global Note (or its agent), and that ownership of a beneficial interest in the Note shall be required to be reflected in a book entry. 
 All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the Company, evidencing the same debt, and
entitled to the same benefits under the Indenture, as the Notes surrendered upon such registration of transfer or exchange. 
 Every Note
presented or surrendered for registration of transfer or for exchange shall be duly endorsed, or be accompanied by a written instrument of transfer, in form satisfactory to the Company and the Security Registrar, duly executed by the Holder thereof
or its attorney duly authorized in writing. 
 No service charge shall be made for any registration of transfer or exchange or redemption of
Notes, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Notes, other than exchanges pursuant to Section 403,
404, 901, 1106 or 1208 not involving any transfer. 
  

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 The Company shall not be required (i) to issue, register the transfer of or exchange any Note during
a period beginning at the opening of business 15 days before the selection of Notes to be redeemed under Section 1204 and ending at the close of business on the day of such mailing of the relevant notice of redemption, or (ii) to
register the transfer of or exchange any Note so selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 
 None of the Company, the Trustee or the Depositary shall be liable for any delay by the Security Registrar in identifying the beneficial owners of the Notes and each such Person may conclusively rely on, and shall be
protected in relying on, instructions from the Security Registrar for all purposes (including with respect to the registration and delivery, and the respective principal amounts, of any Notes to be issued). 
 SECTION 407. Mutilated, Destroyed, Lost and Stolen Notes. 
 (a) If (i) any mutilated Note is surrendered to the Trustee or (ii) the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Note, and there is delivered to the Company and the
Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the absence of actual notice to the Company or the Trustee that such Note has been acquired by a bona fide purchaser, the Company shall execute and
the Trustee shall authenticate and deliver, in exchange for any such mutilated Note or in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and principal amount, bearing a number not contemporaneously outstanding. 

(b) Upon the issuance of any new Note under this Section 407, 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. 
 (c) Every new Note issued pursuant to this Section 407 in lieu of any destroyed, lost or stolen Note shall constitute an original additional contractual obligation of the Company, whether or not the destroyed,
lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all benefits of the Indenture equally and proportionately with any and all other Notes duly issued hereunder. 
 (d) The provisions of this Section 407 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Notes. 
 SECTION 408. Payment of Interest; Interest Rights Preserved. 
 Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name
such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to 
  

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 Section 1102; provided, however, at the Company’s option, interest may be paid at the
Trustee’s Corporate Trust Office or by check mailed to the registered address of Holders. Notwithstanding the foregoing, payment of (and premium, if any, on), interest on Notes represented by Global Notes shall be made in accordance with
procedures required by the Depositary. 
 Any interest on a Note which is payable, but is not punctually paid or duly provided for, on any
Interest Payment Date shall forthwith cease to be payable to the Holder on the Regular Record Date by virtue of having been such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by
the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: 
 (1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective
Predecessor Notes) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted
Interest proposed to be paid on the Notes and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted
Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this
clause provided. Thereupon the Trustee shall fix a “Special Record Date” for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and
not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date, and in the name and at the expense of the Company, shall cause notice of
the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given in the manner provided for in Section 207, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such
Defaulted Interest and the Special Record Date therefor having been so given, such Defaulted Interest shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on such
Special Record Date. 
 (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 any Notes may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such
manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section 408, each Note
delivered under the Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note. 
  

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 SECTION 409. Persons Deemed Owners. 
 Prior to the due presentment of a Note 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 Note is registered as the owner of such
Note for the purpose of receiving payment of principal of (and premium, if any, on) and (subject to Sections 406 and 408) interest on such Note and for all other purposes whatsoever, whether or not such Note 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. 
 SECTION 410. Cancellation. 
 All Notes surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to any Person other than the Trustee, be
delivered to the Trustee and shall be promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Company may have acquired in any manner
whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Notes previously authenticated hereunder which the Company has not issued and sold, and all Notes so delivered shall be promptly
canceled by the Trustee. Subject to the first sentence of this Section 410, if the Company shall so acquire any of the Notes, however, such acquisition shall not operate as a redemption or satisfaction of the Indebtedness represented by such
Notes unless and until the same are surrendered to the Trustee for cancellation. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section 410, except as expressly permitted by the Indenture.
All canceled Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures and certification of their disposal delivered to the Company. 
 SECTION 411. Computation of Interest. 
 Interest on the Notes shall be computed on the basis of a
360-day year of twelve 30-day months. 
 SECTION 412. Book-Entry Provisions for Global Notes. 
 (a) The Company shall execute and the Trustee shall, in accordance with this Section 412, authenticate and deliver initially one or more Global Notes
that (a) shall be registered in the name of the Depositary for such Global Note or Global Notes or the nominee of such Depositary and (b) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s
instructions or held by the Custodian. 
 Members of, or participants in the Depositary, Euroclear or Clearstream (“Agent
Members”) shall have no rights under the Indenture with respect to any Global Note held on their behalf by the Depositary or by the Custodian or under such Global Note, and the Depositary may be treated by the Company, the Trustee and any
agent of the Company or the Trustee as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving
effect to any written certification, proxy or other authorization furnished by 
  

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 the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices of such
Depositary governing the exercise of the rights of a Holder of a beneficial interest in any Global Note. 
 (b) Interests of beneficial
owners in a Global Note may be transferred in accordance with the Applicable Procedures. Transfers of a Global Note shall be limited to transfers of such Global Note in whole, but not in part, to the Depositary, its successors or their respective
nominees except that Certificated Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in the Global Note only in the following circumstances: (x) the Depositary notifies the Company that it is
unwilling or unable to continue as depositary for a global note or ceases to be a “Clearing Agency” registered under the Exchange Act and another depositary is not appointed by the Company within 90 days, (y) an Event of Default
has occurred and is continuing with respect to the Notes or (z) the Company, at its option, elects to terminate the book-entry system through the Depositary. 
 Holders may hold their interests in a Global Note directly through Euroclear or Clearstream, if they are Agent Members in such systems, or indirectly through organizations that are Agent Members in such systems. If
interests in a Global Note are held through Euroclear or Clearstream, Euroclear or Clearstream should hold such interests in such Global Notes through the Depositary on behalf of their Agent Members. 
 (c) In connection with any transfer or exchange of a portion of the beneficial interest in any Global Note to beneficial owners pursuant to
paragraph (b), the Registrar shall (if one or more Certificated Notes are to be issued) reflect on its books and records the date and a decrease in the principal amount of such Global Note in an amount equal to the principal amount of the
beneficial interest in such Global Note to be transferred, and the Company shall execute, and the Trustee shall authenticate and deliver, one or more Certificated Notes of like tenor and principal amount of authorized denominations. 
 (d) In connection with the transfer of Global Notes as an entirety to beneficial owners pursuant to paragraph (b), the Global Notes shall be deemed
to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary in exchange for its beneficial interest in the Global Notes, an
equal aggregate principal amount of Certificated Notes of like tenor of authorized denominations. 
 (e) The Holder of any Global Note may
grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under the Indenture or the Notes. 
 SECTION 413. “CUSIP,” “ISIN” and “Common Code” Numbers. 
 The Company in issuing the Notes shall use “CUSIP,” “ISIN” or “Common Code” number(s) and the Trustee shall use the
“CUSIP,” “ISIN” or “Common Code” number(s), in each case, as applicable, in notices of redemption or exchange as a convenience to Holders; provided that neither the Company nor the Trustee shall have any
responsibility for any defect in the “CUSIP,” “ISIN” or “Common Code” number, as applicable, that appears on any Note, 
  

 27 

 check, advice or payment or redemption notice, and any such notice may state that no representation is made as to the
correctness or accuracy of the “CUSIP,” “ISIN” and “Common Code” number(s), as applicable, printed in the notice or on the Notes, and that reliance may be placed only on the other identification numbers printed on the
Notes and any such redemption or exchange shall not be affected by any defect in or omission of such number(s). The Company shall promptly notify the Trustee of any changes in “CUSIP,” “ISIN” or “Common Code” numbers,
as applicable. 
 SECTION 414. Issuance of Additional Notes. 
 The Company shall be entitled to issue Additional Notes under this Supplemental Indenture which shall have substantially identical terms as the Initial Notes, other than with respect to the date of issuance, issue
price, amount of interest payable on the first payment date applicable thereto and terms of optional redemption, if any; provided, that the issuance of all Additional Notes under this Supplemental Indenture shall be registered under the
Securities Act; provided, however, that no Additional Notes may be issued unless the Additional Notes either (i) are part of the same “issue” as the Initial Notes for purposes of section 1271 through 1275 of
the Internal Revenue Code of 1986, as amended (the “Code”) or (ii) have an issue price for purposes of section 1273 of the Code equal to the adjusted issue price of the Initial Notes, determined as of the issue date of the
Additional Notes. The Initial Notes issued on the date of this Supplemental Indenture and any Additional Notes shall be treated as a single class for all purposes under the Indenture. 
 With respect to any Additional Notes, the Company shall set forth in an Officers’ Certificate, a copy of which shall be delivered to the Trustee,
the following information: 
 (1) the aggregate principal amount of the Notes outstanding immediately prior to the issuance of
such Additional Notes; 
 (2) the aggregate principal amount of such Additional Notes to be authenticated and delivered
pursuant to the Indenture; 
 (3) the issue price and the issue date of such Additional Notes and the amount of interest
payable on the first payment date applicable thereto; and 
 (4) the “CUSIP,” “ISIN” or “Common
Code” number, as applicable, of such Additional Notes. 
 SECTION 415. Deposit of Moneys; Payments. 
 Prior to 10:00 a.m. New York time on each Interest Payment Date and on the Maturity Date or any other date a payment on the Notes is scheduled
or required to be made, the Company shall have deposited with the Paying Agent in immediately available funds U.S. dollars sufficient to make all cash payments due on such Interest Payment Date or the Maturity Date, as the case may be. The principal
and interest on Global Notes shall be payable to the Depositary or its nominee, as the case may be, as the sole registered owner and the sole holder of the Global Notes represented thereby. The principal and interest on Certificated Notes shall be
payable at the office of the Paying Agents or by check mailed to the registered address of 
  

 28 

 Holders. The Paying Agents shall pay the Company any excess cash remaining on deposit after all payments have been made
with respect to a given Interest Payment Date or the Maturity Date, as the case may be. All payments made hereunder shall be in U.S. dollars. 
 SECTION 416.
Paying Agent To Hold Money in Trust. 
 Each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money
held by the Paying Agent for the payment of principal of, premium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. Money held in trust by the Paying Agent need not be
segregated except as required by law and except if the Company or any of their respective Affiliates is acting as Paying Agent, and in no event shall the Paying Agent be liable for any interest on any money received by it hereunder. The Company at
any time may require the Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed and the Trustee may at any time during the continuance of any Event of Default, upon a Company Order to the Paying Agent, require
such Paying Agent to pay forthwith all money so held by it to the Trustee and to account for any funds disbursed. Upon making such payment, the Paying Agent shall have no further liability for the money delivered to the Trustee. 
 SECTION 417. Euroclear and Clearstream Procedures Applicable. 
 The provisions of the “Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions” and “Customer Handbook” of Clearstream
shall be applicable to transfers of beneficial interests in any Global Note held by Agent Members through Euroclear and Clearstream. 
 ARTICLE FIVE 
 SATISFACTION AND DISCHARGE 
 SECTION 501. Satisfaction and Discharge of Indenture. 
 The Indenture will be discharged with respect
to the Notes and will cease to be of further effect (except as to surviving rights of transfer or exchange of the Notes, as expressly provided for in the Indenture) solely as to all Outstanding Notes under the Indenture when with respect to the
Notes: 
 (1) either: 
 (a) all the Notes previously authenticated and delivered (except lost, stolen or destroyed Notes which have been replaced or paid and Notes for whose payment money has theretofore been deposited in trust or segregated
and held in trust by the Company and thereafter repaid to the Company or discharged from such trust) have been delivered to the Trustee for cancellation; or 
 (b) all Notes not theretofore delivered to the Trustee for cancellation have become due and payable within one year or as a result of a
mailing of a notice of redemption and the Company has irrevocably deposited or caused to be 
  

 29 

 deposited with the Trustee cash or non-callable U.S. Government Obligations or a combination thereof in
an amount sufficient to pay and discharge the entire Indebtedness on the Notes theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes to the date of deposit together with irrevocable
instructions from the Company directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; 
 (2) the Company has paid all other sums payable with respect to the Notes under the Indenture by the Company; and 
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent under the Indenture relating to the satisfaction and discharge of the
Indenture with respect to the Notes have been complied with. 
 Notwithstanding the satisfaction and discharge of the Indenture with respect
to the Notes, the obligations of the Company to the Trustee under Section 706 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of clause (1) of this Section 501, the obligations of the Trustee
under Section 502 and Section 1103 shall survive such satisfaction and discharge, in each case, with respect to the Notes. 
 SECTION 502.
Application of Trust Money. 
 Subject to the provisions of Section 1103, all money deposited with the Trustee pursuant to
Section 501 shall be held in trust and applied by it, in accordance with the provisions of the Notes and the Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the
Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent
required by law. 
 ARTICLE SIX 
 REMEDIES 
 SECTION 601. Events of Default. 
 “Event of Default,” wherever used herein, means any one of the following events with respect to the Notes: 
 (1) the failure to pay interest on Notes when the same becomes due and payable and the default continues for a continuous period of 30 days; 
 (2) the failure to pay the principal on Notes, when such principal becomes due and payable, at maturity, upon redemption or otherwise
(including the failure to make a payment to purchase Notes tendered pursuant to a Change of Control Offer); 
  

 30 

 (3) a default in the observance or performance of any other covenant or agreement
contained in the Indenture which default continues for a period of 90 days after the Company receives written notice specifying the default (and demanding that such default be remedied) from the Trustee or the Holders of at least 25% of the
outstanding principal amount of the Notes (except in the case of a default with respect to Section 901, which will constitute an Event of Default with such notice requirement but without such passage of time requirement); 
 (4) the entry by a court of competent jurisdiction of (A) a decree or order for relief in respect of the Company or any Significant
Subsidiary in an involuntary case or proceeding under any applicable Bankruptcy Law or (B) a decree or order adjudging the Company or any Significant Subsidiary bankrupt or insolvent, or seeking reorganization, arrangement, adjustment or
composition of or in respect of the Company or any Significant Subsidiary under any applicable federal or state law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or any
Significant Subsidiary or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and any such decree or order for relief shall continue to be in effect, or any such other decree or order shall be unstayed
and in effect, for a period of 60 consecutive days; or 
 (5) (A) the commencement by the Company or any Significant
Subsidiary of a voluntary case or proceeding under any applicable Bankruptcy Law or any other case or proceeding to be adjudicated bankrupt or insolvent, (B) the Company or any Significant Subsidiary consents to the entry of a decree or order
for relief in respect of the Company or such Significant Subsidiary in an involuntary case or proceeding under any applicable Bankruptcy Law or to the commencement of any bankruptcy or insolvency case or proceeding against it, (C) the Company
or any Significant Subsidiary files a petition or answer or consent seeking reorganization or relief under any applicable federal or state law, (D) the Company or any Significant Subsidiary (x) consents to the filing of such petition or
the appointment of, or taking possession by, a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or such Significant Subsidiary or of any substantial part of its property, (y) makes an
assignment for the benefit of creditors or (z) admits in writing its inability to pay its debts generally as they become due or (E) the Company or any Significant Subsidiary takes any corporate action in furtherance of any such actions in
this clause (7); or 
 (6) any Guarantee of any Guarantor ceases to be in full force and effect (other than in accordance
with the terms of such Guarantee and the Indenture) or is declared null and void and unenforceable or found to be invalid or any Guarantor denies its liability under its Guarantee (other than by reason of release of a Guarantor from its Guarantee in
accordance with the terms of the Indenture and such Guarantee). 
 SECTION 602. Acceleration of Maturity; Rescission and Annulment. 
 (a) If an Event of Default (other than an Event of Default specified in clauses (4) or (5) above with respect to the Company) shall occur and be
continuing with respect to the Notes, the Trustee or the Holders of at least 25% in principal amount of Outstanding Notes 
  

 31 

 may declare the principal of, and premium, if any, and accrued interest on all the Notes under the Indenture to be due
and payable by notice in writing to the Company and the Trustee specifying the respective Event of Default and that it is a “notice of acceleration”, and the same shall become immediately due and payable. If an Event of Default specified
in Sections 601(4) or 601(5) with respect to the Company occurs and is continuing, then all unpaid principal of, and premium, if any, and accrued and unpaid interest on all of the Outstanding Notes shall ipso facto become and be
immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 
 (b) At any time after a
declaration of acceleration with respect to the Notes as described in paragraph (a) above, the Holders of a majority in principal amount of Notes under the Indenture may rescind and cancel such declaration and its consequences: 
 (1) if the rescission would not conflict with any judgment or decree; 
 (2) if all existing Events of Default with respect to the Notes have been cured or waived except nonpayment of principal or interest that
has become due solely because of the acceleration; 
 (3) to the extent the payment of such interest is lawful, interest on
overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid; and 
 (4) if the Company has paid the Trustee its reasonable compensation and reimbursed the Trustee for its expenses, disbursements and advances. 
 No such rescission shall affect any subsequent Default or impair any right consequent thereto. 
 SECTION 603. Collection of Indebtedness and Suits for Enforcement by Trustee. 
 The Company covenants that if: 
 (a) default is made in the payment of any installment of
interest on any Note when such interest becomes due and payable and such default continues for a period of 30 days, or 
 (b)
default is made in the payment of the principal of (or premium, if any, on) any Note at the maturity thereof, 
 the Company shall, upon demand of the
Trustee, pay to the Trustee for the benefit of the Holders of Notes, the whole amount then due and payable on such Notes for principal (and premium, if any) and interest, and interest on any overdue principal (and premium, if any) and, to the extent
that payment of such interest shall be legally enforceable, upon any overdue installment of interest, at the rate borne by the Notes, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection,
including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
  

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 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name as
trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon the
Notes and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon the Notes, wherever situated. 
 If an Event of Default occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the
Holders of the Notes by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in the Indenture or in aid of the
exercise of any power granted herein, or to enforce any other proper remedy. 
 SECTION 604. 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 Notes or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of any Notes shall then be due and payable as
therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal, premium, if any, or interest) shall be entitled and empowered, by intervention
in such proceeding or otherwise, 
 (i) to file and prove a claim for the whole amount of principal (and premium, if any) and
interest owing and unpaid in respect of any Notes and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel) and of the Holders of the Notes allowed in such judicial proceeding, and 
 (ii) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or similar official in any such judicial
proceeding is hereby authorized by each Holder with respect to any Notes of which it is a Holder, to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the applicable
Holders, to pay the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 706. 
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting any Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
  

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 SECTION 605. Trustee May Enforce Claims Without Possession of Notes. 
 All rights of action and claims under the Indenture or any Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes
or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name and as trustee of an express trust, and any recovery of judgment shall, after provision for the payment
of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of affected Notes in respect of which such judgment has been recovered. 
 SECTION 606. Application of Money Collected. 
 Any
money or property collected by the Trustee pursuant to this Article Six shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or
interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 FIRST: To the payment of all amounts due the Trustee under Section 706; 
 SECOND: To the payment of the amounts
then due and unpaid for principal of (and premium, if any, on,) and interest on the Notes in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts
due and payable on such Notes for principal (and premium, if any) and interest, respectively; and 
 THIRD: The balance, if
any, to the Company. 
 SECTION 607. Limitation on Suits. 
 No Holder of any Notes shall have any right to institute any proceeding, judicial or otherwise, with respect to the 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; 
 (2) the Holders of not less than 25% in principal amount of the Outstanding Notes shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default with respect to the Notes in its own name as Trustee hereunder; 
 (3) such Holder or Holders have offered to the Trustee indemnity reasonably satisfactory to the Trustee 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 reasonably satisfactory 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 or more in principal amount of the Outstanding Notes; 
 it being understood and intended that no one
or more Holders of any Notes shall have any right in any manner whatever by virtue of, or by availing of, any provision of the Indenture to affect, disturb or prejudice the rights of any other Holders of the Notes, or to obtain or to seek to obtain
priority or preference over any other Holders of the Notes, or to enforce any right under the Indenture, except in the manner herein provided and for the equal and ratable benefit of all the Holders of the Notes. 
 SECTION 608. Unconditional Right of Holders to Receive Principal, Premium and Interest. 
 Notwithstanding any other provision in the Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, to receive
payment, as provided herein (including, if applicable, Article Thirteen) and in such Note, of the principal of (and premium, if any, on) and (subject to Section 408) interest on, such Note on the respective Stated Maturities expressed in such
Note (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
 SECTION 609. Restoration of Rights and Remedies. 
 If
the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under the Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then
and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee
and the Holders shall continue as though no such proceeding had been instituted. 
 SECTION 610. Rights and Remedies Cumulative. 
 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 407(d), no right or
remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and, subject to the provisions of Section 607, every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy. 
 SECTION 611. Delay or Omission Not Waiver. 
 No delay or omission of the Trustee or of any Holder of any Note 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 Six or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may
be deemed expedient, by the Trustee or by the Holders, as the case may be. 
  

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 SECTION 612. Control by Holders. 
 The Holders of not less than a majority in principal amount of the Outstanding Notes 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 Notes; provided that 
 (1) such direction
shall not be in conflict with any rule of law or with the Indenture, 
 (2) the Trustee may take any other action deemed
proper by the Trustee which is not inconsistent with such direction, and 
 (3) the Trustee need not take any action which
might involve it in personal liability or be unjustly prejudicial to the Holders of the Notes not consenting. 
 SECTION 613. Waiver of Past Defaults.

 The Holders of not less than a majority in principal amount of the Outstanding Notes may on behalf of the Holders of all the Notes waive
any past Default or Event of Default hereunder and its consequences, except a Default or Event of Default: 
 (1) in respect
of the payment of the principal of (or premium, if any, on) or interest on any Note, or 
 (2) in respect of a covenant or
provision of this Supplemental Indenture which under Article Ten cannot be modified or amended without the consent of the Holder of each Outstanding Note 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 the Indenture with respect to the Notes;
but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon. 
 SECTION 614. Waiver of
Stay or Extension Laws. 
 Each of the Company and the Guarantor covenants (to the extent that it may lawfully do so) that it shall 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 the
Indenture; and each of the Company and the Guarantor (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it shall not hinder, delay or impede the execution of any power
herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law had been enacted. 
  

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 ARTICLE SEVEN 
 THE TRUSTEE 
 SECTION 701. Notice of Defaults. 
 Within 90 days after the occurrence of any Default with respect to the Notes under the Indenture, the Trustee shall transmit in the manner and to the
extent provided in Section 313(c) of the Trust Indenture Act, notice of such Default hereunder known to the Trustee, to Holders of the Notes unless such Default shall have been cured or waived; provided, however, that, except in
the case of a Default or Event of Default in the payment of the principal of (or premium, if any, on) or interest on any Note, the Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive
committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interest of the Holders of such Notes; and provided further that in the case of any
Default or Event of Default of the character specified in Section 601(3), no such notice to Holders shall be given until at least 30 days after the occurrence thereof. 
 In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by the Indenture, and
use the same degree of care and skill in its exercise thereof, as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs. 
 SECTION 702. Certain Rights of Trustee. 
 Subject to the provisions of Sections 315(a) through
315(d) of the Trust Indenture Act: 
 (1) the Trustee may rely and shall be protected in acting or refraining from acting upon
any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties; 
 (2) any request or direction of the Company mentioned herein shall be
sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (3) whenever in the administration of the Indenture the Trustee shall deem it desirable that a matter be proved or established prior to
taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate; 
 (4) the Trustee may consult with counsel and the written 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; 
  

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 (5) the Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by the Indenture at the request or direction of any of the Holders pursuant to the Indenture, unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to the Trustee 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, note, other evidence of indebtedness or other paper
or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled at
all reasonable times to examine the books, records and premises of the Company personally or by agent or attorney; 
 (7) the
Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or
attorney appointed with due care by it hereunder; and 
 (8) the Trustee shall not be liable for any action taken, suffered or
omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by the Indenture. 
 The Trustee shall not be required to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 SECTION 703.
Trustee Not Responsible for Recitals or Issuance of Notes. 
 The recitals contained herein and in the Notes, except for the
Trustee’s certificates of authentication, shall be taken as the statements of the Company and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of the Indenture
or of the Notes, except that the Trustee represents that it is duly authorized to execute and deliver the Indenture, authenticate the Notes and perform its obligations hereunder and that the statements made by it in any Statement of Eligibility of
Form T-1 supplied or to be supplied to the Company are or will be, as the case may be, true and accurate, subject to the qualifications set forth therein. The Trustee shall not be accountable for the use or application by the Company of Notes
or the proceeds thereof. 
 SECTION 704. Trustee May Hold Notes. 
 The Trustee, any Paying Agent, any Security Registrar or any other agent of the Company or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes 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 Trustee, Paying Agent, Security Registrar or such other agent. 
  

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 SECTION 705. Money Held in Trust. 
 Cash in U.S. dollars or U.S. Government Obligations 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 such cash or U.S. Government Obligations received by it hereunder except as otherwise agreed in writing with the Company. 
 SECTION 706. Compensation and Reimbursement. 
 The Company agrees: 
 (1) to pay to the Trustee from time to time reasonable compensation for all services rendered by it hereunder (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 the Indenture (including the reasonable
compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its gross negligence or bad faith; and 
 (3) to indemnify the Trustee for, and to hold it harmless against, any loss, liability or expense incurred without gross negligence or bad
faith on its part, arising out of or in connection with the acceptance, administration or enforcement of this trust, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance
of any of its powers or duties hereunder. 
 The obligations of the Company under this Section 706 to compensate the Trustee, to pay or reimburse the
Trustee for expenses, disbursements and advances and to indemnify and hold harmless the Trustee shall constitute indebtedness and shall survive the satisfaction and discharge of the Indenture. As security for the performance of such obligations of
the Company, the Trustee shall have a claim prior to the Notes upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any, on) or interest on particular
Notes. 
 SECTION 707. Corporate Trustee Required; Eligibility. 
 There shall at all times be a Trustee hereunder which shall be eligible to act as Trustee under Section 310(a)(1) of the Trust Indenture Act and shall have a combined capital and surplus of at least
$100.0 million. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of federal, state, territorial or District of Columbia supervising or examining authority, then for the purposes of
this Section 707, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section 707, it shall resign immediately with respect to the Notes in the manner and with the effect hereinafter specified in this Article Seven. 
  

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 SECTION 708. Resignation and Removal; Appointment of Successor. 
 (a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article Seven shall become effective until the
acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 709. 
 (b) The Trustee may
resign at any time by giving at least 60 days prior written notice thereof to the Company addressed to the Company. If the instrument of acceptance by a successor Trustee required by Section 709 shall not have been delivered to the Trustee
within 90 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee. 
 (c) The Trustee with respect to the Notes may be removed at any time by Act of the Holders of not less than a majority in principal amount of the
Outstanding Notes, delivered to the Trustee and to the Company addressed to the Company. 
 (d) If at any time: 
 (1) the Trustee shall fail to comply with the provisions of Section 310(b) of the Trust Indenture Act after written request therefor
by the Company or by any Holder who has been a bona fide Holder of a Note for at least six months, or 
 (2) the Trustee shall
cease to be eligible under Section 707 and shall fail to resign after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Note for at least six months, or 
 (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its
property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, (i) the Company may remove the Trustee, or (ii) subject to Section 315(e) of the Trust Indenture Act, any Holder who has been a
bona fide Holder of a Note for at least six months may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause with
respect to the Notes, the Company shall promptly appoint a successor Trustee for the Notes. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee shall be appointed by Act of the
Holders of a majority in principal amount of the Outstanding Notes delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee of the
Notes and supersede the successor Trustee appointed by the Company. If no successor Trustee shall have been so appointed by the Company or the Holders of the Notes and accepted appointment in the manner hereinafter provided, any Holder who has been
a bona fide Holder of a Note for at least six months may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee. 
  

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 (f) The Company shall give notice of each resignation and each removal of the Trustee and each
appointment of a successor Trustee to the Holders of Notes in the manner provided for in Section 207. Each notice shall include the name of the successor Trustee and the address of its Corporate Trust Office. 
 SECTION 709. Acceptance of Appointment by Successor. 
 Every successor Trustee appointed hereunder shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and, thereupon, the resignation or removal of the retiring Trustee shall
become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such
retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor
Trustee all property and money held by such retiring Trustee hereunder. Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee
all such rights, powers and trusts. No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article Seven. 
 SECTION 710. Merger, Conversion, Consolidation or Succession to Business. 
 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party,
or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this
Article Seven, without the execution or filing of any paper or any further act on the part of any of the parties to this Supplemental Indenture. In case any Notes 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 Notes so authenticated with the same effect as if such successor Trustee had itself authenticated such Notes; and in
case at that time any of the Notes shall not have been authenticated, any successor Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor Trustee; and in all such cases such certificates
shall have the full force which it is anywhere in the Notes or in the Indenture provided that the certificate of the Trustee shall have; provided, however, that the right to adopt the certificate of authentication of any predecessor
Trustee or to authenticate Notes in the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. 
  

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 ARTICLE EIGHT 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 SECTION 801. Disclosure of Names and Addresses of
Holders; Holders’ List. 
 (a) Every Holder of Notes, by receiving and holding the same, agrees with the Company and the Trustee that
none of the Company or the Trustee or any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders 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. 

(b) The Registrar shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
Holders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee, in writing no later than the record date for each Interest Payment Date and at such other times as the Trustee may request in writing, a list in such form and as
of such date as the Trustee may reasonably require of the names and addresses of Holders. 
 SECTION 802. Reports by Trustee. 
 Within 60 days after May 15 of each year commencing with the first May 15 after the Issue Date, the Trustee shall transmit to the Holders,
in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, a brief report dated as of such May 15 if required by Section 313(a) of the Trust Indenture Act. 
 ARTICLE NINE 
 MERGER, CONSOLIDATION
AND SALE OF ASSETS 
 SECTION 901. Company May Consolidate, etc., Only on Certain Terms. 
 (a) The Company will not, in a single transaction or series of related transactions, consolidate or merge with or into any Person, or sell, assign,
transfer, lease, convey or otherwise dispose of (or cause or permit any Restricted Subsidiary of the Company to sell, assign, transfer, lease, convey or otherwise dispose of) all or substantially all of the Company’s assets (determined on a
consolidated basis for the Company and the Company’s Restricted Subsidiaries) whether as an entirety or substantially as an entirety to any Person unless: 
 (1) either: 
 (a) the Company shall be the surviving or continuing corporation; or 
 (b) the Person (if other than the Company)
formed by such consolidation or into which the Company is merged or the Person which acquires by sale, assignment, transfer, lease, conveyance or other disposition the properties 
  

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 and assets of the Company and of the Company’s Restricted Subsidiaries substantially as an entirety
(the “Surviving Entity”): 
 (x) shall be a corporation organized and validly existing under the laws
of the United States or any State thereof or the District of Columbia; and 
 (y) shall expressly assume, by
supplemental indenture (in form and substance satisfactory to the Trustee), executed and delivered to the Trustee, the due and punctual payment of the principal of, and premium, if any, and interest on all of the Notes and the performance of every
covenant of the Notes and the Indenture on the part of the Company to be performed or observed; 
 (2) immediately after
giving effect to such transaction and the assumption contemplated by clause (1)(b)(y) above no Default or Event of Default shall have occurred or be continuing; and 
 (3) the Company or the Surviving Entity shall have delivered to the Trustee an Officers’ 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 the applicable
provisions of the Indenture and that all conditions precedent in the Indenture relating to such transaction have been satisfied. 
 (b) For
purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise, in a single transaction or series of transactions) of all or substantially all of the properties or assets of one or more Restricted Subsidiaries of the Company, the
Capital Stock of which constitutes all or substantially all of the properties and assets of the Company, shall be deemed to be the transfer of all or substantially all the properties and assets of the Company. 
 SECTION 902. Successor Substituted. 
 Upon any
consolidation, merger, sale, assignment, conveyance, transfer, lease or other transaction described in, and complying with the provisions of, Section 901 in which the Company is not the continuing corporation, the Surviving Entity shall succeed
to, and be substituted for, and may exercise every right and power of, the Company, as the case may be, under the Indenture and the Notes with the same effect as if such Surviving Entity had been named as such, and the Company shall be discharged
from all obligations and covenants under the Indenture and the Notes, provided that, in the case of a transfer by lease, the predecessor shall not be released from its obligations with respect to the payment of principal (premium, if any) and
interest on the Notes. 
  

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 ARTICLE TEN 
 SUPPLEMENTAL INDENTURES 
 SECTION 1001. Supplemental Indentures Without Consent of Holders. 
 Without the consent of any Holders, the Company and the Guarantor, when authorized by a Board Resolution, and the Trustee, at any time and from time to
time, may enter into one or more indentures supplemental to this Supplemental Indenture, in form satisfactory to the Trustee, for any of the following purposes: 
 (1) to evidence the succession of another Person to the Company and complying with Article Nine of this Supplemental Indenture; or

 (2) to add to the covenants of the Company for the benefit of the Holders or to surrender any right or power herein
conferred upon the Company; or 
 (3) to add any additional Events of Default; or 
 (4) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee pursuant to the requirements of
Section 709; or 
 (5) to cure any ambiguity, defect or inconsistency, to correct or supplement any provision herein
which may be inconsistent with any other provision herein, or to make clear any other provisions with respect to matters or questions arising under the Indenture; provided that such action shall not adversely affect the interests of the
Holders in any material respect; or 
 (6) to add Guarantors pursuant to Section 1113; or 
 (7) to secure the Notes pursuant to the requirements of Section 1112 or otherwise; or 
 (8) to comply with any requirements of the Commission in order to effect and maintain the qualification of the Indenture under the Trust
Indenture Act. 
 SECTION 1002. Supplemental Indentures and Waivers With Consent of Holders. 
 With the consent of the Holders of not less than a majority in principal amount of the Outstanding Notes, by Act of said Holders delivered to the Company
and the Trustee, the Company and the Guarantor, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental to the Indenture for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Indenture or of modifying in any manner the rights of the Holders of the Notes under the Indenture. However, no such supplemental indenture or waiver (including a waiver pursuant to Section 613) shall,
without the consent of the Holder of each Outstanding Note affected thereby, 
 (1) reduce the amount of Notes whose Holders
must consent to an amendment; 
  

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 (2) reduce the rate of or change or have the effect of changing the time for payment of
interest, including defaulted interest, on any such Notes; 
 (3) reduce the principal of or change or have the effect of
changing the fixed maturity of any Notes, or change the date on which any Notes may be subject to redemption or reduce the redemption price therefor; 
 (4) make any Notes payable in money other than that stated in the Notes; 
 (5) make any
change in provisions of the Indenture protecting the right of each Holder to receive payment of principal of and interest on Note on or after the due date thereof or to bring suit to enforce such payment, or permitting Holders of a majority in
principal amount of Notes to waive Defaults or Events of Default; 
 (6) after the Company’s obligation to purchase Notes
arises hereunder, amend, change or modify in any material respect the obligation of the Company to make and consummate a Change of Control Offer in the event of a Change of Control or, after such Change of Control has occurred, modify any of the
provisions or definitions with respect thereto; provided, that for purposes of this clause (6), a Change of Control shall not be deemed to have occurred upon the entering into or execution of any agreement or instrument notwithstanding
that the consummation of the transactions contemplated by such agreement or instrument would result in a Change of Control as defined herein if such agreement or instrument expressly provides that it shall be a condition to closing thereunder that
the Holders of the Notes shall have waived the Change of Control on or prior to such closing unless and until such condition is waived by the parties to such agreement or instrument or the Change of Control has actually occurred; 
 (7) release of any Guarantor from its Guarantee except as provided in this Supplemental Indenture, or, with respect to Guarantees issued
solely pursuant to Section 1113(b) of the Supplemental Indenture, as provided in a supplemental indenture pursuant to which such Guarantee has been issued; or 
 (8) modify or change any provision of the Indenture or the related definitions, in each case, affecting the ranking of the Notes in a
manner which adversely affects the Holders thereof. 
 It shall not be necessary for any Act of Holders under this Section 1002 to
approve the particular form of any proposed supplemental indenture or waiver, but it shall be sufficient if such Act shall approve the substance thereof. 
 SECTION 1003. Execution of Supplemental Indentures. 
 In executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article Ten or the modifications thereby of the trusts created by the Indenture, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an 
  

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 Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by the 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 the Indenture or otherwise. 
 SECTION 1004. Effect of Supplemental Indentures. 
 Upon the execution of any supplemental indenture with respect to Notes under this Article Ten, the Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of the Indenture for all
purposes; and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
 SECTION 1005. Conformity
with Trust Indenture Act. 
 Every supplemental indenture executed pursuant to this Article Ten shall conform to the requirements of
the Trust Indenture Act as then in effect. 
 SECTION 1006. Reference in Notes to Supplemental Indentures. 
 Notes authenticated and delivered after the execution of any supplemental indenture pursuant to this Article Ten 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 Notes 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 Notes. 
 SECTION 1007. Notice of Supplemental Indentures. 
 Promptly after the execution by the Company and the Trustee of any
supplemental indenture pursuant to the provisions of Sections 1001 and 1002, the Company shall give notice thereof to the Holders of each Outstanding Note affected, in the manner provided for in Section 207, setting forth in general terms
the substance of such supplemental indenture; provided, however, that the Company shall not be required to give notice of any indenture supplemental to this Supplemental Indenture entered into solely for the purpose specified in
Section 1001(5) or (8), notice with respect to which shall be given by the Company when it is next required to give notice pursuant to this Section 1007. 
 SECTION 1008. Record Date. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining
the Holders entitled to consent to any supplemental indenture, agreement or instrument or any waiver, and, if a record date is fixed, shall promptly notify the Trustee of any such record date. If a record date is fixed, those Persons who were
Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to consent to such supplemental indenture, agreement or instrument or waiver or to revoke any consent previously given, whether or not such
Persons continue to be Holders after such record date. No such consent shall be valid or effective with respect to such supplemental indenture, agreement or instrument or waiver which is entered into more than 120 days after such record date.

  

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 ARTICLE ELEVEN 
 COVENANTS 
 SECTION 1101. Payment of Principal, Premium, if any, and Interest. 
 The Company shall pay the principal of (and premium, if any, on) and interest on the Notes in accordance with the terms of the Notes and the Indenture.
Principal, premium, if any, interest shall be considered paid on the date due if on such date the Trustee or the relevant Paying Agent hold in accordance with the Indenture money sufficient to pay all principal, premium and interest then due and the
Trustee or such Paying Agent, as the case may be, are not prohibited from paying such money to the Holders of such Notes on that date. 
 SECTION 1102.
Maintenance of Office or Agency. 
 The Company shall maintain an office or agency where Notes may be presented or surrendered for
payment, where Notes may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Notes and the Indenture may be served. The Corporate Trust Office of the Trustee shall be such
office or agency of the Company, unless the Company shall designate and maintain some other office or agency for one or more of such purposes. The Company shall give prompt written notice to the Trustee of any change in the location of any 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. Unless otherwise specified with respect to the Notes as contemplated by
Section 401, the Company hereby designates as a place of payment for the Notes the office or agency of the Trustee, and initially appoints the Trustee as Paying Agent to receive all such presentations, surrenders, notices and demands. The
Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind any such designation. The Company shall give prompt
written notice to the Trustee of any such designation or rescission and any change in the location of any such other office or agency but shall not be required to give notice of such designation, rescission or change to the Holders. 
 SECTION 1103. Money for Note Payments to Be Held in Trust. 
 (a) If the Company shall at any time act as its own Paying Agent, it shall, on or before each due date of the principal of (and premium, if any, on) or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons
entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and shall promptly notify the Trustee of its action or
failure so to act. Whenever the Company shall have one or more Paying Agents for the Notes, it shall, on or before each due date of the principal of (and premium, if any, on), or interest on, any Notes, deposit with a Paying Agent a sum sufficient
to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of 
  

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 the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company
shall promptly notify the Trustee of such action or any failure so to act. The Company shall cause each Paying Agent (other than the Trustee) to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the
Trustee, subject to the provisions of this Section 1103, that such Paying Agent will: 
 (1) hold all sums held by it for
the payment of the principal of (and premium, if any, on) or interest on Notes in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
 (2) give the Trustee notice of any default by the Company (or any other obligor upon the Notes) in the making of any payment of principal
(and premium, if any) or interest; 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. 
 SECTION 1104. Corporate Existence. 
 Subject to Article Nine of this Supplemental Indenture, the Company shall do or cause to be done all things necessary to preserve and keep in full
force and effect its corporate existence and its material rights (charter and statutory), licenses and franchises; provided that the Company shall not be required to preserve any such right, license or franchise if the Board of
Directors of the Company shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole. 
 SECTION 1105. Statement by Officers as to Compliance. 
 The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year, an Officers’ Certificate stating that in the course of the performance by the signer of its duties as an officer of the Company he would
normally have knowledge of any Default or Event of Default and whether or not the signer knows of any Default or Event of Default that occurred during such period and if any specifying such Default or Event of Default, its status and what action the
Company is taking or proposed to take with respect thereto. The Company shall provide an Officers’ Certificate to the Trustee promptly upon any such officer obtaining knowledge of any Default or Event of Default that has occurred and, if
applicable, describe such Default or Event of Default and the status thereof. For purposes of this Section 1105, such compliance shall be determined without regard to any period of grace or requirement of notice under the Indenture. The Company
shall comply with Section 314(a)(4) of the Trust Indenture Act. 
 SECTION 1106. Purchase of Notes Upon a Change of Control. 
 (a) Upon the occurrence of a Change of Control, each Holder will have the right to require that the Company purchase all or a portion (equal to $2,000 and
integral multiples thereof) of such Holder’s Notes pursuant to the offer described below (the “Change of Control Offer”), at a purchase price equal to 101% of the principal amount of the Notes repurchased plus accrued and
unpaid interest to the date of purchase. 
  

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 (b) Within 30 days following the date upon which the Change of Control occurred, the Company shall
send, or cause the Trustee to send, by first class mail, a notice to each Holder, with a copy to the Trustee stating: 
 (i)
that a Change of Control has occurred and that such Holder has the right to require the Company to purchase such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest to the
date of purchase; 
 (ii) the repurchase date (which shall be no earlier than 30 days nor later than 45 days from the
date such notice is mailed, other than as required by law) (the “Change of Control Payment Date”); 
 (iii)
the procedures determined by the Company, consistent with the Indenture, that a Holder must follow in order to have its Notes purchased; 
 (iv) that the Change of Control Offer is being made pursuant to this Section 1106 and that all Notes properly tendered into the Change of Control Offer and not withdrawn will be accepted for payment; and that the
Change of Control Offer shall remain open for a period of 20 Business Days or such longer period as may be required by applicable law; 
 (v) the purchase price (including the amount of accrued interest, if any) for each Note and the date on which the Change of Control Offer expires; 
 (vi) that any Note not tendered for payment will continue to accrue interest in accordance with the terms thereof; 
 (vii) that, unless the Company shall default in the payment of the purchase price, any Note accepted for payment pursuant to the Change of
Control Offer shall cease to accrue interest after the Change of Control Payment Date; 
 (viii) that Holders electing to have
Notes purchased pursuant to a Change of Control Offer will be required to surrender their Notes to the Paying Agent at the address specified in the notice prior to 5:00 p.m., New York City time, on the third Business Day prior to the
Change of Control Payment Date and must complete the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note; 
 (ix) that Holders of Notes will be entitled to withdraw their election if the Paying Agent receives, not later than 5:00 p.m., New York City time, on the third Business Day prior to the Change of Control
Payment Date, a facsimile transmission or letter setting forth the name of the Holders, the principal amount of Notes the Holders delivered for purchase, the Note certificate number (if any) and a statement that such Holder is withdrawing his
election to have such Notes purchased; 
  

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 (x) that Holders whose Notes are purchased only in part will be issued Notes of like
tenor equal in principal amount to the unpurchased portion of the Notes surrendered; provided, however, that each Note purchased and each new Note issued shall be in denominations of $2,000 or integral multiples thereof; and

 (xi) a description of the circumstances and relevant facts regarding such Change of Control. 
 On the Change of Control Payment Date, the Company shall (i) accept for payment Notes or portions thereof in integral multiples of $2,000 validly
tendered and not withdrawn pursuant to the Change of Control Offer, (ii) deposit with the Paying Agent money, in immediately available funds, sufficient to pay the purchase price of all Notes or portions thereof validly tendered and accepted
and (iii) deliver to the Trustee the Notes so accepted together with an Officers’ Certificate setting forth the Notes or portions thereof tendered to and accepted for payment by the Company. The Paying Agent shall promptly mail or deliver
to the Holders of Notes so accepted payment in an amount equal to the purchase price, and the Trustee shall promptly authenticate and mail or cause to be transferred by book-entry to such Holders a new Note of like tenor equal in principal amount to
any unpurchased portion of the Note surrendered. Any Notes not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof. Upon the payment of the purchase price for the Notes accepted for purchase, the Trustee shall
cancel the Notes purchased by the Company. Any monies remaining after the purchase of all Notes validly tendered pursuant to a Change of Control Offer shall be returned within three (3) Business Days by the Paying Agent to the Company. The
Company shall publicly announce the results of the Change of Control Offer as soon as practicable following the Change of Control Payment Date. 
 (c) The Company is not required to make a Change of Control Offer upon a Change of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements of this
Section 1106 applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer. 
 (d) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to
the extent such laws and regulations are applicable in connection with the repurchase of Notes pursuant to a Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with this Section 1106 the
Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Section 1106 by virtue thereof. 
  

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 SECTION 1107. RESERVED. 
 SECTION 1108. RESERVED. 
 SECTION 1109. RESERVED. 
 SECTION 1110. RESERVED. 
 SECTION 1111. RESERVED. 
 SECTION 1112. Limitation on Liens. 
 (a) The Company
will not create or suffer to exist, or permit any of its Specified Subsidiaries to create or suffer to exist, any Lien, or any other type of preferential arrangement, upon or with respect to any of its properties (other than “margin stock”
as that term is defined in Regulation U issued by the Board of Governors of the Federal Reserve System), whether now owned or hereafter acquired, or assign, or permit any of its Specified Subsidiaries to assign, any right to receive income, in each
case to secure any Indebtedness (other than Indebtedness described in clauses (5) and (8) of the definition of “Indebtedness” herein) without making effective provision whereby all of the Notes (together with, if the Company
shall so determine, any other Indebtedness of the Company or such Specified Subsidiary then existing or thereafter created which is not subordinate to the Notes) shall be equally and ratably secured with the Indebtedness secured by such security
(provided that any Lien created for the benefit of the Holders of the Notes pursuant to this sentence shall provide by its terms that such Lien shall be automatically and unconditionally released and discharged upon the release and discharge
of the Lien that resulted in such provision becoming applicable, unless a Default or Event of Default shall then be continuing); provided, however, that the Company or its Specified Subsidiaries may create or suffer to exist any Lien
or preferential arrangement of any kind in, of or upon any of the properties or assets of the Company or its Specified Subsidiaries to secure Indebtedness if upon creation of such Lien or arrangement and after giving effect thereto, the aggregate
principal amount of Indebtedness secured by Liens would not exceed the greater of (i) $2.0 billion and (ii) 20% of the Consolidated Net Worth of the Company; and provided, further, that the foregoing restrictions or
limitations shall not apply to any of the following: 
 (1) deposits, Liens or pledges arising in the ordinary course of
business to enable the Company or any of its Specified Subsidiaries to exercise any privilege or license or to secure payments of workers’ compensation or unemployment insurance, or to secure the performance of bids, tenders, leases, contracts
(other than for the payment of borrowed money) or statutory landlords’ Liens or to secure public or statutory obligations or surety, stay or appeal bonds, or other similar deposits or pledges made in the ordinary course of business; 

(2) Liens imposed by law or other similar Liens, if arising in the ordinary course of business, such as mechanic’s,
materialman’s, workman’s, repairman’s or carrier’s liens, or deposits or pledges in the ordinary course of business to obtain the release of such Liens; 
  

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 (3) Liens arising out of judgments or awards against the Company or any of its Specified
Subsidiaries in an aggregate amount not to exceed at any time outstanding under this clause (3) the greater of (a) 15% of the Consolidated Net Worth of the Company or (b) the minimum amount which, if subtracted from such Consolidated
Net Worth, would reduce such Consolidated Net Worth below $3.2 billion and, in each case, with respect to which the Company or such Specified Subsidiary shall in good faith be prosecuting an appeal or proceedings for review, or Liens for the
purpose of obtaining a stay or discharge in the course of any legal proceedings; 
 (4) Liens for taxes if such taxes are not
delinquent or thereafter can be paid without penalty, or are being contested in good faith by appropriate proceedings, or minor survey exceptions or minor encumbrances, easements or restrictions which do not in the aggregate materially detract from
the value of the property so encumbered or restricted or materially impair their use in the operation of the business of the Company or any Specified Subsidiary owning such property; 
 (5) Liens in favor of any government or department or agency thereof or in favor of a prime contractor under a government contract and
resulting from the acceptance of progress or partial payments under government contracts or subcontracts thereunder; 
 (6)
Liens existing on December 1, 1991; 
 (7) purchase money Liens or security interests in property acquired or held by the
Company or any Specified Subsidiary in the ordinary course of business to secure the purchase price thereof or Indebtedness incurred to finance the acquisition thereof; 
 (8) Liens existing on property at the time of its acquisition; 
 (9) the rights of Xerox Credit Corporation relating to a certain reserve account established pursuant to an operating agreement dated as
of November 1, 1980, between the Company and Xerox Credit Corporation; 
 (10) the replacement, extension or renewal of
any of the foregoing; 
 (11) Liens on any assets of any Specified Subsidiary of up to $500.0 million incurred since
December 1, 1991 in connection with the sale or assignment of assets of such Specified Subsidiary for cash where the proceeds are applied to repayment of Indebtedness of such Specified Subsidiary and/or invested by such Specified Subsidiary in
assets which would be reflected as receivables on the balance sheet of such Specified Subsidiary. 
 (b) In addition, if after
January 17, 2002 any Capital Markets Debt of the Company or any Restricted Subsidiary becomes secured by a Lien pursuant to any provision similar to the covenant in the immediately preceding paragraph, then, for so long as such Capital Markets
Debt of the Company is secured by such Lien (provided that any Lien created for the benefit of the Holders of the Notes pursuant to this sentence shall be automatically and 
  

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 unconditionally released and discharged upon the release and discharge of the Lien that resulted in the imposition of the
Lien hereunder): 
 (A) in the case of a Lien securing Subordinated Indebtedness, the Notes shall be secured by a Lien on the
same property as such Lien that is senior in priority to such Lien; and 
 (B) in all other cases, the Notes shall be equally
and ratably secured by a Lien on the same property as such Lien. 
 SECTION 1113. Subsidiary Guarantees. 
 (a) If on or after January 17, 2002 any of the Existing Senior Notes of the Company are or become guaranteed by any Restricted Subsidiary of the
Company, then, if such Restricted Subsidiary is not already a Guarantor, the Company shall cause, such Restricted Subsidiary that is guaranteeing such Existing Senior Notes to execute and deliver to the Trustee a supplemental indenture in form
reasonably satisfactory to the Trustee pursuant to which such Person shall fully and unconditionally guarantee all of the Company’s obligations under the Notes and the Indenture, including the prompt payment in full when due of the principal
of, premium on, if any, interest and, without duplication, Defaulted Interest, if any, on the Notes and all other amounts payable by the Company thereunder and hereunder, subject to any applicable grace period, whether at maturity, by acceleration
or otherwise, and interest on any overdue principal and any overdue interest on the Notes and all other obligations of the Company to the Holders or the Trustee hereunder or under the Notes on the terms set forth in Article 14. 
 (b) Notwithstanding the foregoing, the Company shall have the right to cause any Restricted Subsidiary to execute a Guarantee in respect of the
Company’s obligations under the Notes, provided that such Restricted Subsidiary shall execute and deliver to the Trustee a supplemental indenture in a form reasonably satisfactory to the Trustee in respect of such Guarantee. 

SECTION 1114. RESERVED. 
 SECTION 1115. RESERVED.

 ARTICLE TWELVE 
 REDEMPTION OF NOTES 
 SECTION 1201. Right of Redemption. 
 Except as set forth in this Section 1201, the Notes are not redeemable. 
 The Company may, at any time and from time to time, at its option, redeem the outstanding Notes (in whole or in part) at a redemption price equal to 100%
of the principal amount thereof plus accrued and unpaid interest, if any, on the Notes to the applicable redemption date, plus the Make-Whole Premium (a “Specified Redemption”). The Company shall give not less than 30 nor more than
60 days’ notice of such redemption. 
  

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 SECTION 1202. Applicability of Article. 
 Redemption of Notes at the election of the Company or otherwise, as permitted or required by any provision of the Indenture, shall be made in accordance
with such provision and this Article. 
 SECTION 1203. Election to Redeem; Notice to Trustee. 
 The election of the Company to redeem any Notes pursuant to Section 1201 shall be evidenced by an Officers’ Certificate. In case of any
redemption at the election of the Company, 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, the
Notes and of the principal amount of such Notes to be redeemed and shall deliver to the Trustee such documentation and records as shall enable the Trustee to select the Notes to be redeemed pursuant to Section 1204. 
 SECTION 1204. Selection by Trustee of Notes to Be Redeemed. 
 In the event that the Company chooses to redeem less than all of the Notes, selection of the Notes for redemption will be made by the Trustee either: 
 (1) in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are listed; or

 (2) if the Notes are not so listed, on a pro rata basis with adjustments so that only Notes in multiples of $2,000
principal amount will be selected. 
 The Trustee shall promptly notify the Company in writing of the Notes selected for redemption and, in
the case of any Notes selected for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes of the Indenture,
unless the context otherwise requires, all provisions relating to redemption of Notes shall relate, in the case of any Note redeemed or to be redeemed only in part, to the portion of the principal amount of such Note which has been or is to be
redeemed. 
 SECTION 1205. Notice of Redemption. 
 Notice of redemption shall be given in the manner provided for in Section 207 not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Notes to be redeemed. 
 All notices of redemption shall state: 
  

	 	(1)	the Redemption Date, 

  

	 	(2)	the Redemption Price, 

  

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 (3) if less than all Outstanding Notes are to be redeemed, the identification by
“CUSIP,” “ISIN” or “Common Code” Numbers, if any (and, in the case of a partial redemption, the principal amounts) and, as applicable, of the particular Notes to be redeemed, 
 (4) if any Note is to be redeemed in part only, the portion of the principal amount thereof to be redeemed, 
 (5) that on the Redemption Date, the Redemption Price (together with accrued interest to the Redemption Date payable as provided in
Section 1207) will become due and payable upon each such Note, or the portion thereof, to be redeemed, and that interest thereon will cease to accrue on and after said date, and 
 (6) the place or places where such Notes are to be surrendered for payment of the Redemption Price. 
 Notice of redemption of Notes to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request, by the
Trustee in the name and at the expense of the Company. 
 SECTION 1206. Deposit of Redemption Price. 
 On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying
Agent, segregate and hold in trust as provided in Section 1103) an amount of money sufficient to pay the Redemption Price of, and accrued interest on, any Notes, or any portions thereof, to be redeemed on that date. 
 SECTION 1207. Notes Payable on Redemption Date. 
 Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified (together with accrued interest, if any, to the Redemption
Date), and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest, if any) such Notes, or portions thereof, shall cease to bear interest. Upon surrender of any such Note for redemption
in accordance with said notice, such Note shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that installments of interest whose Stated Maturity is on or
prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more Predecessor Notes, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 408.

 If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium and interest)
shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes. 
  

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 SECTION 1208. Notes Redeemed in Part. 
 Any Note which is to be redeemed only in part pursuant to the provisions of this Article Twelve shall be surrendered at the office or agency of the
Company maintained for such purpose pursuant to Section 1102 (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 such Holder’s attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Note without service charge, a new Note or Notes, of any authorized
denomination as requested by such Holder, in an aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Note so surrendered. 
 ARTICLE THIRTEEN 
 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
 SECTION 1301. Company’s Option to Effect Legal Defeasance or Covenant Defeasance. 
 The Company may, at its option and at any time, elect to have either Section 1302 or Section 1303 be applied to all Outstanding Notes upon
compliance with the conditions set forth below in this Article Thirteen. 
 SECTION 1302. Legal Defeasance and Discharge. 
 The Company may, at its option and at any time, elect to have its and the Guarantor’s obligations discharged with respect to the Outstanding Notes
(“Legal Defeasance”). Such Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Notes, except for: 
 (1) the rights of Holders of such Notes to receive payments in respect of the principal of, premium, if any, and interest on such Notes
when such payments are due from the trust fund referred to below; 
 (2) the Company’s obligations with respect to
Sections 404, 406, 407 and 1102; 
 (3) the rights, powers, trust, duties and immunities of the Trustee under Article
Seven and the Company’s obligations in connection therewith; and 
 (4) the provisions of this Article Thirteen of
this Supplemental Indenture. 
 SECTION 1303. Covenant Defeasance. 
 The Company may, at its option and at any time, elect to have the obligations of the Company released with respect to the Notes with respect to Sections 1106 through and including 1113 and Section 901(a)(2)
(“Covenant Defeasance”) and thereafter any omission to comply with such obligations shall not constitute a Default or Event of Default with respect to such Notes. The Company may exercise its Legal Defeasance option notwithstanding
its prior exercise of its Covenant Defeasance option. 
  

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 SECTION 1304. Conditions to Legal Defeasance or Covenant Defeasance. 
 The following shall be the conditions to application of either Section 1302 or Section 1303: 
 In order to exercise either Legal Defeasance or Covenant Defeasance: 
 (1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of the Notes, cash in
U.S. dollars, non-callable U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium, if
any, and interest on the Notes on the stated date for payment thereof or on the applicable redemption date, as the case may be; 
 (2) in the case of Legal Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that: 
 (a) the Company has received from, or there has been published by, the Internal Revenue Service a ruling; or 
 (b) since the date of the Indenture, there has been a change in the applicable federal income tax law, 
 in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders will not recognize income, gain or loss for
federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred;

 (3) in the case of Covenant Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel in the United
States reasonably acceptable to the Trustee confirming that the Holders 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; 
 (4) no
Default or Event of Default shall have occurred and be continuing on the date of such deposit or insofar as Events of Default from bankruptcy or insolvency events are concerned, at any time in the period ending on the 91st day after the date of
deposit; 
 (5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a
default under the Indenture or any other material agreement or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 
  

 57 

 (6) the Company shall have delivered to the Trustee an Officers’ Certificate stating
that the deposit was not made by the Company with the intent of preferring the Holders over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company or others;

 (7) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance have been complied with; and 
 (8) no event or condition shall exist that would prevent the Company from making payments of the principal of, premium, if any, and interest on the Notes on the date of such deposit on the date of such deposit.

 Notwithstanding the foregoing, the Opinion of Counsel required by clause (2) above with respect to a Legal Defeasance need not be
delivered if all Notes not theretofore delivered to the Trustee for cancellation (1) have become due and payable or (2) will become due and payable on the maturity date 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. 
 SECTION 1305. Deposited Money and U.S. Government
Obligations to Be Held in Trust; Other Miscellaneous Provisions. 
 Subject to the provisions of Section 1103, all money and U.S.
Government Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively, for purposes of this Section 1305, the “Trustee”) pursuant to Section 1304 in respect of the
Outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and the Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying
Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, but such money need not be segregated from other funds except to the extent
required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the
U.S. Governmental Obligations deposited pursuant to Section 1304 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Outstanding
Notes. 
 Anything in this Article Thirteen to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time
to time upon Company Request any money or U.S. Government Obligations held by it as provided in Section 1304 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance, as applicable, in accordance with this Article Thirteen.

  

 58 

 SECTION 1306. Reinstatement. 
 If the Trustee or any Paying Agent is unable to apply any money in accordance with Section 1305 by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, then the Company’s obligations under the Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 1302 or 1303, as the case may be, until such time as the
Trustee or Paying Agent is permitted to apply all such money in accordance with Section 1305, and the Company shall execute all documents reasonably satisfactory to the Trustee evidencing such revival and reinstatement; provided,
however, that if the Company makes any payment of principal of (or premium, if any, on) or interest on any Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to
receive such payment from the money held by the Trustee or Paying Agent. 
 ARTICLE FOURTEEN 
 GUARANTEE OF NOTES 
 SECTION 1401. Guarantee.

 Subject to the provisions of this Article Fourteen, each Guarantor in respect of the Notes hereby jointly and severally unconditionally
guarantees, on a senior unsecured basis, to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors, irrespective of (i) the validity and enforceability of the Indenture, the Notes or the
obligations of the Company or any other Guarantors to the Holders of the Notes or the Trustee hereunder or thereunder or (ii) the absence of any action to enforce the same or any other circumstance which might otherwise constitute a legal or
equitable discharge or default of a Guarantor, that: (a) the principal of, premium, if any, interest and Defaulted Interest with respect to the Notes shall be duly and punctually paid in full when due, whether at maturity, by acceleration or
otherwise, and interest on the overdue principal and (to the extent permitted by law) interest or Defaulted Interest with respect to the Notes and all other obligations of the Company or any Guarantor to the Holders of the Notes or the Trustee
hereunder or thereunder (including amounts due the Trustee under Section 706 of this Supplemental Indenture) and all other obligations under the Indenture with respect to the Notes shall be promptly paid in full or performed, all in accordance
with the terms of this Supplemental Indenture and thereof and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same shall be promptly paid in full when due or performed in accordance
with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed, or failing performance of any other obligation of the Company to the Holders of the Notes,
for whatever reason, each Guarantor shall be obligated to pay, or to perform or cause the performance of, the same immediately. An Event of Default under the Indenture or the Notes shall constitute an event of default under the Guarantee, and shall
entitle the Holders of any Notes or the Trustee to accelerate the obligations of the Guarantor of such Notes hereunder in the same manner and to the same extent as the obligations of the Company. 
  

 59 

 Each Guarantor, by execution of the Guarantee, waives the benefit of diligence, presentment, demand for
payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant that such Guarantee shall not be
discharged except by complete performance of the obligations contained in the Notes, this Indenture and such Guarantee. The Guarantee is a guarantee of payment and not of collection. If any Holder or the Trustee is required by any court or otherwise
to return to the Company or to any Guarantor, or any custodian, trustee, liquidator or other similar official acting in relation to the Company or such Guarantor, any amount paid by the Company or such Guarantor to the Trustee or such Holder of the
Notes, the Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. Each Guarantor further agrees that, as between it, on the one hand, and the Holders of the Notes and the Trustee, on the other hand,
(a) subject to this Article Fourteen, the maturity of the obligations guaranteed hereby may be accelerated as provided in Article Six of this Supplemental Indenture for the purposes of the Guarantee, notwithstanding any stay, injunction or
other prohibition preventing such acceleration in respect of the obligations guaranteed hereby and (b) in the event of any acceleration of such obligations as provided in Article Six of this Supplemental Indenture, such obligations (whether or
not due and payable) shall forthwith become due and payable by the Guarantor for the purpose of such Guarantee. 
 The Guarantee shall remain
in full force and effect and continue to be effective should any petition be filed by or against the Company for liquidation or reorganization, should the Company become insolvent or make an assignment for the benefit of creditors or should a
receiver or trustee be appointed for all or any significant part of the Company’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance
of the Notes are pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Notes, whether as a “voidable preference,” “fraudulent transfer” or otherwise, all as
though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by
such amount paid and not so rescinded, reduced, restored or returned. 
 No shareholder, officer, director, employee or incorporator, past,
present or future, or any Guarantor, as such, shall have any personal liability under this Guarantee by reason of his, her or its status as such shareholder, officer, director, employee or incorporator. 
 SECTION 1402. Execution and Delivery of Guarantee. 
 To further evidence the Guarantee set forth in Section 1401 of this Supplemental Indenture, each Guarantor hereby agrees that a notation of such Guarantee, substantially in the form included in Exhibit C to this
Supplemental Indenture, shall be endorsed on each Note authenticated and delivered by the Trustee after this Article Fourteen with respect to such Guarantor becomes effective in accordance with Section 1404 of this Supplemental Indenture

  

 60 

 and such Guarantee shall be executed by either manual or facsimile signature of an officer of each Guarantor. The
validity and enforceability of any Guarantee shall not be affected by the fact that it is not affixed to any particular Note. 
 The
Guarantor hereby agrees that its Guarantee set forth in Section 1401 of this Supplemental Indenture shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee. 
 If an officer of a Guarantor whose signature is on the Indenture or a Guarantee no longer holds that office at the time the Trustee authenticates the
Note on which such Guarantee is endorsed or at any time thereafter, such Guarantor’s Guarantee of such Note shall be valid nevertheless. 
 The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of any Guarantee set forth in this Supplemental Indenture on behalf of the Guarantor. 
 SECTION 1403. Limitation of Guarantee. 
 The
obligations of each Guarantor are limited to the maximum amount as shall, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any
other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under the Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent
conveyance or fraudulent transfer under federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the net assets of
each Guarantor, determined in accordance with GAAP. 
 SECTION 1404. Waiver of Subrogation. 
 Each Guarantor, by execution of its Guarantee, waives to the extent permitted by law any claim or other rights which it may now or hereafter acquire
against the Company that arise from the existence, payment, performance or enforcement of such Guarantor’s obligations under such Guarantee and the Indenture, including, without limitation, any right of subrogation, reimbursement, exoneration,
indemnification, and any right to participate in any claim or remedy of any Holder of the Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, including, without
limitation, the right to take or receive from the Company, directly or indirectly, in cash or other property or by set-off or in any other manner, payment on account of such claim or other rights. If any amount shall be paid to any Guarantor in
violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall have been deemed to have been paid to such Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall
forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of the Indenture. Each Guarantor, by execution of its Guarantee, shall acknowledge
that it shall receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and that the waiver set forth in this Section 1404 is knowingly made in contemplation of such benefits. 
  

 61 

 SECTION 1405. Release of Guarantee. 
 Any Guarantee executed pursuant to Section 1113 of this Supplemental Indenture (including, without limitation, any Guarantee of the Notes issued as of the Issue Date), shall be automatically and unconditionally
released upon the release of the guarantee that resulted in Section 1113 of this Supplemental Indenture becoming applicable (other than by reason of payment under such guarantee) so long as such Restricted Subsidiary is not at such time
guaranteeing any other Existing Senior Notes of the Company and no Default or Event of Default is then continuing. In addition, any Guarantee executed pursuant to Section 1113 of this Supplemental Indenture shall provide by its terms that such
Guarantee shall be automatically and unconditionally released upon: (i) the designation of the Restricted Subsidiary that gave such Guarantee as an Unrestricted Subsidiary in compliance with the provisions of the Indenture or (ii) any
transaction, including without limitation, any sale, exchange or transfer, to any Person not an Affiliate of the Company, of the Company’s Capital Stock in, or all or substantially all the property of, such Restricted Subsidiary, which
transaction is in compliance with the terms of the Indenture, and which results in the Restricted Subsidiary that gave such Guarantee ceasing to be a Subsidiary of the Company and, in the case of either clause (i) or clause (ii), such
Restricted Subsidiary is released from all guarantees, if any, by it of other Existing Senior Notes of the Company. 
 [Signature Page to
Follow] 
  

 62 

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

							
	 	 	 	  	XEROX CORPORATION
				
	Attest:	 	  
	  	By:	 	  

	Name:	 		  	Name:	 	
	Title:	 		  	Title:	 	
			
		 		  	WELLS FARGO BANK
		 		  	NATIONAL ASSOCIATION, as Trustee
				
		 		  	By:	 	  

		 		  	Name:	 	Lynn M. Steiner
		 		  	Title:	 	Vice President
			
		 		  	Guarantor:
			
		 		  	 XEROX INTERNATIONAL JOINT
 MARKETING,
INC.

				
		 		  	By:	 	  

		 		  	Name:	 	
		 		  	Title:	 	

  

 63 

 EXHIBIT A 
 [Form of Global Note Legend] 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS
OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE
WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
  

 A-1 

 EXHIBIT B 
 [Form of Note] 
 (FACE OF NOTE) 
 XEROX CORPORATION 
 6.40% SENIOR NOTE DUE 2016 
  

			
	 No.
                    
	 	$                    

 Xerox Corporation, a New York corporation (herein called the “Company,”
which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                     or registered assigns, the principal sum of
                             U.S. Dollars on March 15, 2016, at the office or agency
of the Company referred to below, and to pay interest thereon from March 20, 2006, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on March 15 and September 15 of each
year, commencing September 15, 2006, at the rate of 6.40% per annum, until the principal hereof is paid or duly provided for, and (to the extent lawful) to pay on demand interest on any overdue interest at the rate borne by the Notes from
the date on which such overdue interest becomes payable to the date payment of such interest has been made or duly provided for. 
 The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Notes) is registered at the close of business
on the Regular Record Date for such interest, which shall be the March 1 or September 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly
provided for shall forthwith cease to be payable to the Holder on such Regular Record Date, and such Defaulted Interest, and (to the extent lawful) interest on such Defaulted Interest at the rate borne by the Notes, may be paid to the Person in
whose name this Note (or one or more Predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Notes not less
than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such
exchange, all as more fully provided in the Indenture. Interest on this Note shall be computed on the basis of a 360-day year of twelve 30-day months. 
 Payment of the principal of (and premium, if any), or interest on this Note will be made at the office or agency of the Company maintained for that purpose in (which initially will be the office of the Trustee
maintained at Sixth and Marquette, MACN9303-120, Minneapolis, MN 55479, or at such other office or agency of the Company as may be maintained for such purpose, in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts; provided, however, that payment of interest may be made at the option of the Company by check mailed to the address of the Person entitled thereto as such address shall appear on
the Security Register related to this Note. 
  

 B-1 

 Notwithstanding the foregoing, payment of interest in respect of Notes represented by Global Notes shall be made in
accordance with procedures required by the Depositary. 
 Reference is hereby made to the further provisions of this Note set forth on the
reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate
of authentication hereon has been duly executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 
  

					
	Dated:	 	XEROX CORPORATION
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

 Certificate of Authentication, dated 
 This is one of the Notes referred to in the within-mentioned Indenture. 
  

			
	WELLS FARGO BANK,
	National Association, as Trustee
		
	By:	 	  

  

 B-2 

 (REVERSE OF NOTE) 
 1. Indenture. This Note is one of a duly authorized issue of securities of the Company designated as its 6.40% Senior Notes due 2016 (herein called the “Notes”), issued under an indenture
(herein called the “Base Indenture”) dated as of June 25, 2003, between the Company and Wells Fargo Bank, National Association (as successor by merger to Wells Fargo Bank Minnesota, National Association), as trustee (herein
called the “Trustee,” which term includes any successor trustee under the Indenture), as supplemented by the First Supplemental Indenture dated as of June 25, 2003 among the Company, the guarantors party thereto and the Trustee
(the “First Supplemental Indenture”), the Second Supplemental Indenture dated as of August 10, 2004 among the Company, the guarantors party thereto and the Trustee (the “Second Supplemental Indenture”) and the
Third Supplemental Indenture dated as of March 20, 2006 among the Company, the guarantors party thereto and the Trustee (the “Third Supplemental Indenture” and, together with the Base Indenture, the First Supplemental Indenture
and the Second Supplemental Indenture, the “Indenture”) to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties, obligations and
immunities thereunder of the Company, the Trustee and the Holders of the Notes, and of the terms upon which the Notes are, and are to be, authenticated and delivered. 
 Capitalized terms used herein but not otherwise defined herein shall have the meaning assigned to such terms in the Indenture. 
 The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) (the “TIA”), as
in effect on the date of the Indenture. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the TIA for a statement of such terms. 
 No reference herein to the Indenture and no provisions of this Note or of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of, premium, if any, and interest on this Note at the times, place, and rate, and in the coin or currency, herein prescribed. 
 2. Redemption. Except as set forth in this paragraph, the Notes are not redeemable. 
 (a) The Company may, at any time and from time to time, at its option, redeem the Outstanding Notes (in whole or in part) at a redemption price equal to
100% of the principal amount thereof plus accrued and unpaid interest, if any, on the Notes to the applicable redemption date, plus the Make-Whole Premium. The Company shall give not less than 30 nor more than 60 days’ notice of such
redemption. 
 (b) In the case of any redemption of Notes, interest installments whose Stated Maturity is on or prior to the Redemption Date
will be payable to the Holders of such Notes, or one or more Predecessor Notes, of record at the close of business on the relevant Record Date referred to on the face hereof. Notes (or portions thereof) for whose redemption and payment provision is
made in accordance with the Indenture shall cease to bear interest from and after the Redemption Date. 
  

 B-3 

 (c) In the event of redemption of this Note in part only, a new Note or Notes for the unredeemed portion
hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 
 (d) In the event that less than all of the Notes are
redeemed, selection of the Notes for redemption will be made by the Trustee either: 
 (1) in compliance with the requirements
of the principle national securities exchange, if any, on which the Notes are listed; or, 
 (2) if the Notes are not so
listed, on a pro rata basis with adjustments so that only Notes in multiples of $2,000 principal amount will be selected. 
 The
Trustee shall promptly notify the Company in writing of the Notes selected for redemption and, in the case of any Notes selected for partial redemption, the principal amount thereof to be redeemed. 
 3. Offers to Purchase. Section 1106 of the Supplemental Indenture provides that upon the occurrence of a Change of Control and subject to
certain conditions and limitations contained therein, the Company shall make an offer to purchase all or a portion of the Notes in accordance with the procedures set forth in the Indenture. 
 4. Defaults and Remedies. If an Event of Default occurs and is continuing, the principal of and premium, if any, on all of the Outstanding Notes,
plus all accrued and unpaid interest, if any, to and including the date the Notes are paid, may be declared due and payable in the manner and with the effect provided in the Indenture. 
 5. Defeasance. The Indenture contains provisions for defeasance at any time of (a) the entire Indebtedness of the Company on this Note and
(b) certain restrictive covenants and the related Defaults and Events of Default, upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Note. 
 6. Amendment and Waivers. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Holders under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in aggregate principal amount of the Notes at the time Outstanding. The
Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of the Notes at the time Outstanding, on behalf of the Holders of all the Notes, to waive compliance by the Company with certain provisions of the
Indenture and certain past Defaults or Events of Default under the Indenture and their consequences. Any such consent or waiver by or on behalf of the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders
of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 
  

 B-4 

 7. Denominations, Transfers and Exchanges. The Notes are issuable only in registered form without
coupons in denominations of $2,000 and any integral multiple thereof. 
 As provided in the Indenture and subject to certain limitations
therein set forth, the transfer of this Note is registerable on the applicable Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Company, maintained for such purpose, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes, of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 No
service charge shall be made for any registration of transfer or exchange of Notes, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 8. Persons Deemed Owners. Prior to and at the time of due presentment of this Note for registration of transfer, the Company, the Trustee and any
agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by
notice to the contrary. 
 9. Unclaimed Money. If money deposited with the Trustee or any applicable agent for the payment of
principal of, premium, if any, or interest on, the Notes remains unclaimed for two years, the Trustee and such paying agent shall return the money to the Company. After that, Holders entitled to the money must look to the Company for payment unless
applicable abandoned property law designates another Person and all liability of the Trustee and such paying agent shall cease. Other than as set forth in this paragraph and Section 215 of the Supplemental Indenture, the Notes and the
Indenture, respectively, do not provide for any periods for the escheatment of the payment of principal of, premium, if any, or interest on the Notes. 
 10. GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT
THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 The Company will furnish to any Holder of a Note upon
written request and without charge a copy of the Indenture. Requests may be made to: Xerox Corporation, 800 Long Ridge Road, Stamford, Connecticut 06904, Attention: Chief Financial Officer. 
  

 B-5 

 ASSIGNMENT FORM 
 If you, the Holder, want to assign this Note, fill in the form below and have your signature guaranteed: 
  

	
	I or we assign and transfer this Note to
	
	  

	
	(Insert assignee’s social security or tax ID
number)                                       
                                        
                                        
                                        
                                        
 
	
	  

	
	  

	
	  

	
	(Print or type assignee’s name, address and zip code) and irrevocably appoint
	
	  

	
	agent to transfer this Note on the books of the Company. The agent may substitute another to act for such agent.

  

 B-6 

 OPTION OF HOLDER TO ELECT PURCHASE 
 If you wish to have this Note purchased by the Company pursuant to Section 1106 of the Supplemental Indenture, check the following
box:   ̈ 
 If you wish to
have a portion of this Note purchased by the Company pursuant to Section 1106 of the Supplemental Indenture, state the amount: 
 $                     
  

					
	Date:                    	  	Your signature:	  	  

		  		  	(Sign exactly as your name appears on the other side of this Note)

							
				
		  		  	By:	  	  

		  		  		  	NOTICE: To be executed by an executive officer

 Signature Guarantee:
                     
  

 B-7 

 EXHIBIT C 
 Note Guarantee 
 Each of the undersigned (the “Guarantors”) hereby jointly and severally
unconditionally guarantees, to the extent set forth in the Third Supplemental Indenture (the “Supplemental Indenture”) dated as of March 20, 2006, by and among Xerox Corporation, as issuer, the Guarantors and Wells Fargo Bank,
National Association (as successor by merger to Wells Fargo Bank Minnesota, National Association), as Trustee, to the Indenture, dated as of June 25, 2003 between the Company and the Trustee (the “Base Indenture” and as supplemented
by the Supplemental Indenture and that certain First Supplemental Indenture dated as of June 25, 2003 between the Company, the guarantors party thereto and the Trustee and that certain Second Supplemental Indenture dated as of August 10,
2004, by and among the Company, the guarantors party thereto and the Trustee, the “Indenture”), and subject to the provisions of the Indenture, (a) the due and punctual payment of the principal of, and premium, if any, and interest on
the Notes, when and as the same shall become due and payable, whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on overdue principal of, and premium and, to the extent permitted by law, interest, and the due
and punctual performance of all other obligations of the Company to the Holders of the Notes or the Trustee, all in accordance with the terms set forth in Article Fourteen of the Supplemental Indenture and (b) in case of any extension of
time of payment or renewal of any Notes or any of such other obligations, that the same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or
otherwise. 
 The obligations of the Guarantors to the Holders of the Notes and to the Trustee pursuant to this Guarantee and the Indenture
are expressly set forth in Article Fourteen of the Supplemental Indenture and reference is hereby made to the Supplemental Indenture for the precise terms and limitations of this Guarantee. 
 This Guarantee has been executed and issued pursuant to the requirements of Section 1113 of the Supplemental Indenture. The Guarantee is subject to
automatic and unconditional release as set forth in Section 1405 of the Supplemental Indenture. 
 [Signatures on Following Pages]

  

 C-1Flexible Incentive Plan, as amended

 Exhibit 10.1 
 U.S. RESTAURANT PROPERTIES, INC. 
 FLEXIBLE INCENTIVE PLAN 
 SECTION 1. PURPOSE OF THIS PLAN 
 The purposes of the
U.S. Restaurant Properties, Inc. Flexible Incentive Plan are to (i) promote the interests of U.S. Restaurant Properties, Inc. (the “Company”) and its stockholders by enabling the Company and each of its Subsidiaries (as
hereinafter defined) to (A) attract, motivate and retain their respective employees and non-employee Directors (as hereinafter defined) by offering such employees and Non-Employee Directors performance based stock incentives and other equity
interests in the Company and other incentive awards and (B) compensate Consultants (as hereinafter defined) by offering such Consultants performance based stock incentives and other equity interests in the Company and other incentive awards
that recognize the creation of value for the stockholders of the Company and (ii) promote the Company’s long-term growth and success. To achieve these purposes, eligible Persons may receive Stock Options, Restricted Stock, Performance
Awards and any other Awards (as such terms are hereinafter defined), or any combination thereof. 
 SECTION 2. DEFINITIONS 
 As used in this Plan, the following terms shall have the meanings set forth below unless the context otherwise requires: 
 2.1. “Award” shall mean the grant of a Stock Option, Restricted Stock, a Performance Award, a Dividend Equivalent or any other grant
of incentive compensation pursuant to this Plan. 
 2.2. “Book Value” shall mean the excess of the value of the assets
of an entity over the liabilities of such entity (determined in accordance with United States generally accepted accounting principles, consistently applied). 
 2.3. “Board” shall mean the Board of Directors of the Company, as the same may be constituted from time to time. 
 2.4. “Cause” shall mean termination of a Participant’s employment with the Company or a Subsidiary upon the occurrence of one or more of the following events: 
 (a) The Participant’s failure to substantially perform such Participant’s duties with the Company or any Subsidiary as
determined by the Committee or the Board following receipt by the Participant of written notice of such failure and the Participant’s failure to remedy such failure within thirty (30) days after receipt of such notice (other than a failure
resulting from the Participant’s incapacity during physical or mental illness); 
 (b) The Participant’s
willful failure or refusal to perform specific directives of the Board, which directives are consistent with the scope and nature of the Participant’s duties and responsibilities, and which are not remedied by the Participant within thirty
(30) days after being notified in writing of such Participant’s failure by the Board; 
 (c) The
Participant’s conviction of a felony; or 
 (d) A breach of the Participant’s fiduciary duty to the Company or
any Subsidiary or willful violation in the course of performing the Participant’s duties for the Company or any Subsidiary of any law, rule or regulation (other than traffic violations or other minor offenses). No act or failure to act on
the Participant’s part shall be considered willful unless done or omitted to be done in bad faith and without reasonable belief that the action or omission was in the best interest of the Company; 

 provided, however, that for each employee of the Company who has entered into an employment agreement with the Company,
“cause” shall have the meaning provided in such employment agreement. 
 2.5. “Change in Control” shall mean,
after the Effective Date, (i) a Corporate Transaction is consummated, other than a Corporate Transaction that would result in substantially all of the holders of voting securities of the Company outstanding immediately prior thereto owning
(directly or indirectly and in substantially the same proportions relative to each other) not less than fifty percent (50%) of the combined voting power of the voting securities of the issuing/surviving/resulting entity outstanding immediately
after such Corporate Transaction or (ii) an agreement for the sale or other disposition of all or substantially all of the Company’s assets (evaluated on a consolidated basis, without regard to whether the sale or disposition is effected
via a sale or disposition of assets of the Company, the sale or disposition of the securities of one or more Subsidiaries or the sale or disposition of the assets of one or more Subsidiaries) is consummated. 
 2.6. “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time (or any successor to such legislation).

 2.7. “Committee” shall mean the Compensation Committee of the Board as such Compensation Committee may be
constituted from time to time; provided, however, membership on the Committee shall be limited to Non Employee Directors; and provided further, the Committee will consist of not less than two (2) Directors. All members of the Committee
will serve at the pleasure of the Board. 
 2.8. “Common Stock” shall mean the Common Stock, par value $0.001 per
share, of the Company. 
 2.9. “Company” shall have the meaning set forth in Section 1 of this Plan. 

2.10. “Consultant” shall mean any Person who or which is engaged by the Company or any Subsidiary to render consulting services.

 2.11. “Corporate Transaction” shall mean any recapitalization (other than a transaction contemplated by
Section 13(a) of this Plan) merger, consolidation or conversion involving the Company or any exchange of securities involving the Common Stock (other than a transaction contemplated by Section 13(a) of this Plan), provided that a primary
issuance of shares of Common Stock shall not be deemed to be a “Corporate Transaction.” 
 2.12. “Designated
Beneficiary” shall mean the beneficiary designated by a Participant, in a manner authorized by the Committee or the Board, to exercise the rights of such Participant in the event of such Participant’s death. In the absence of an
effective designation by a Participant, the Designated Beneficiary shall be such Participant’s estate. 
 2.13. “Director” shall mean any member of the Board. 
 2.14. “Disability” shall mean
permanent and total inability to engage in any substantial gainful activity, even with reasonable accommodation, by reason of any medically determinable physical or mental impairment which has lasted or can reasonably be expected to last without
material interruption for a period of not less than twelve (12) months, as determined in the sole discretion of the Committee or the Board. 
 2.15. “Dividend Equivalent” shall mean an award granted pursuant to Section 8 of this Plan of a right to receive certain payments with respect to Shares. 
 2.16. “Effective Date” shall mean December 18, 1997. 

 2.17. “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended
from time to time (or any successor to such legislation). 
 2.18. “Fair Market Value” shall mean with respect to the
Shares, as of any date, the value established by the Board. Fair market value shall be determined without regard to any restriction other than a restriction which, by its terms, will never lapse. 
 2.19. “Incentive Stock Option” shall mean any option to purchase Shares awarded pursuant to this Plan which qualifies as an
“Incentive Stock Option” pursuant to Section 422 of the Code. 
 2.20. “Non Employee Director” shall
have the meaning set forth in Rule 16b 3 (or any successor to such rule) promulgated under the Exchange Act) who are also “outside directors,” as required pursuant to Section 162(m) of the Code and such Treasury regulations as may be
promulgated thereunder. 
 2.21. “Non Qualified Stock Option” shall mean any option to purchase Shares awarded pursuant
to this Plan that does not qualify as an Incentive Stock Option (including, without limitation, any option to purchase Shares originally designated as or intended to qualify as an Incentive Stock Option) but which does not (for whatever reason)
qualify as an Incentive Stock Option. 
 2.22. “Non Share Method” shall have the meaning set forth in
Section 6.6(c) of this Plan. 
 2.23. “Optionee” shall mean any Participant who has been granted and holds a Stock
Option awarded pursuant to this Plan. 
 2.24. “Participant” shall mean any Person who has been granted and holds an
Award granted pursuant to this Plan. 
 2.25. “Performance Award” shall mean any Award granted pursuant to this Plan of
Shares, rights based upon, payable in or otherwise related to Shares (including Restricted Stock) or cash, as the Committee or Board may determine, at the end of a specified performance period established by the Committee or Board and may include,
without limitation, Performance Shares or Performance Units. 
 2.26. “Performance Shares” shall have the meaning set
forth in Section 9.1 of this Plan. 
 2.27. “Performance Units” shall have the meaning set forth in
Section 9.1 of this Plan. 
 2.28. “Permitted Modification” shall be deemed to be any modification of an Award
which is made in connection with a Corporate Transaction and which provides in connection with a Stock Option, that subsequent to the consummation of the Corporate Transaction (i) the exercise price of such Stock Option will be proportionately
adjusted to reflect the exchange ratio applicable to the particular Corporate Transaction and/or (ii) the nature and amount of consideration to be received upon exercise of the Stock Option will be the same (on a per share basis) as was
received by Persons who were holders of shares of Common Stock immediately prior to the consummation of the Corporate Transaction. 
 2.29. “Person” shall mean an individual, partnership, limited liability company, corporation, joint stock company, trust, estate, joint venture, association or unincorporated organization or any other form of business
organization. 
 2.30. “Plan” shall mean this U.S. Restaurant Properties, Inc. Flexible Incentive Plan as it may be
amended from time to time. 
 2.31. “Reload Option” shall mean a Stock Option as defined in Section 6.6(b) of this
Plan. 
 2.32. “Reorganization” shall mean any stock split, stock dividend, reverse stock split, combination of Shares
or any other similar increase or decrease in the number of Shares issued and outstanding. 

 2.33. “Restricted Stock” shall mean any Shares granted pursuant to this Plan that
are subject to restrictions or substantial risk of forfeiture. 
 2.34. “Retirement” shall mean termination of
employment of an employee of the Company or any Subsidiary, other than discharge for Cause, after age 65 or on or before age 65 if pursuant to the terms of any retirement plan maintained by the Company or any Subsidiary in which such employee
participates. 
 2.35. “Securities Act” shall mean the Securities Act of 1933, as amended from time to time (or any
successor to such legislation). 
 2.36. “Share Retention Method” shall have the meaning set forth in
Section 6.6(c) of this Plan. 
 2.37. “Shares” shall mean shares of the Common Stock and any shares of capital
stock or other securities hereafter issued or issuable upon, in respect of or in substitution or exchange for shares of Common Stock. 
 2.38. “Stock Option” shall mean any Incentive Stock Option or Non Qualified Stock Option. 
 2.39. “Subsidiary” shall mean a subsidiary corporation of the Company, as defined in Section 424(f) of the Code. 
 2.40. “Transactional Consideration” shall have the meaning set forth in Section 13(b) of this Plan. 
 SECTION 3. ADMINISTRATION OF THIS PLAN 
 3.1. Committee/Board. This Plan shall be administered and interpreted
by the Committee and/or the Board. 
 3.2. Awards. (a) Subject to the provisions of this Plan and directions from the
Board, the Committee is authorized to: 
 (i) determine the Persons to whom Awards are to be granted; 
 (ii) determine the types and combinations of Awards to be granted; the number of Shares to be covered by an Award; the exercise price
of an Award; the time or times when an Award shall be granted and may be exercised; the terms, performance criteria or other conditions, vesting periods or any restrictions for an Award; any restrictions on Shares acquired pursuant to the exercise
of an Award; and any other terms and conditions of an Award; 
 (iii) interpret the provisions of this Plan; 

(iv) prescribe, amend and rescind rules and regulations relating to this Plan; 
 (v) determine whether, to what extent and under what circumstances to provide loans from the Company to Participants to exercise
Awards granted pursuant to this Plan, and the terms and conditions of such loans; 
 (vi) rely upon employees of the
Company for such clerical and recordkeeping duties as may be necessary in connection with the administration of this Plan; 
 (vii) accelerate or defer (with the consent of the Participant) the vesting of any rights pursuant to an Award; and 

 (viii) make all other determinations and take all other actions necessary or
advisable for the administration of this Plan. 
 (b) Without limiting the Board’s right to amend this Plan pursuant
to Section 13 of the Plan, the Board may take all actions authorized by Section 3.2(a) of this Plan, including, without limitation, granting such Awards pursuant to this Plan as the Board may deem necessary or appropriate. 
 3.3. Procedures. 
 (a) Proceedings by the Board with respect to this Plan will be conducted in accordance with the articles of incorporation and bylaws of the Company. 
 (b) A majority of the Committee members shall constitute a quorum for action by the Committee. All determinations of the
Committee shall be made by not less than a majority of its members. 
 (c) All questions of interpretation and
application of this Plan or pertaining to any question of fact or Award granted hereunder will be decided by the Committee or the Board, whose decision will be final, conclusive and binding upon the Company and each other affected party. 

SECTION 4. SHARES SUBJECT TO PLAN 
 4.1. Limitations. The maximum number of Shares that may be issued with respect to Awards granted pursuant to this Plan at any time shall be an amount equal to 4.9% of the Company’s issued and outstanding shares of
Common Stock at such time; provided, however, that the maximum number of Shares issuable pursuant to Incentive Stock Options granted under the Plan shall be 575,000. The Shares issued pursuant to this Plan may be authorized but unissued Shares,
or may be issued Shares which have been reacquired by the Company. 
 4.2. Changes. To the extent that any Award granted
pursuant to this Plan shall be forfeited, shall expire or shall be cancelled, in whole or in part, then the number of Shares covered by the Award so forfeited, expired or cancelled may again be awarded pursuant to the provisions of this
Plan. In the event that Shares are delivered to the Company in full or partial payment of the exercise price for the exercise of a Stock Option, the number of Shares available for future Awards granted pursuant to this Plan shall be reduced
only by the net number of Shares issued upon the exercise of the Stock Option. Awards that may be satisfied either by the issuance of Shares or by cash or other consideration shall, until the form of consideration to be paid is finally
determined, be counted against the maximum number of Shares that may be issued pursuant to this Plan. 
 SECTION
5. ELIGIBILITY 
 Eligibility for participation in this Plan shall be confined to those individuals who are employed by the Company or a
Subsidiary and such Consultants and non-employee Directors as may be designated by the Committee or the Board. In making any determination as to Persons to whom Awards shall be granted, the type of Award and/or the number of Shares to be
covered by the Award, the Committee or the Board shall consider the position and responsibilities of the Person, the importance of the Person to the Company, the duties of the Person, the past, present and potential contributions of the Person to
the growth and success of the Company and such other factors as the Committee or the Board may deem relevant in connection with accomplishing the purposes of this Plan. 

 SECTION 6. STOCK OPTIONS 
 6.1. Grants. The Committee or the Board may grant Stock Options alone or in addition to other Awards granted pursuant to this Plan to any
eligible Person. Each Person so selected shall be offered a Stock Option to purchase the number of Shares determined by the Committee or the Board. The Committee or the Board shall specify whether such Stock Option is an Incentive Stock
Option or a Non Qualified Stock Option and any other terms or conditions relating to such Award; provided, however only employees of the Company or a Subsidiary may be granted Incentive Stock Options. To the extent that any Stock Option
designated as an Incentive Stock Option does not qualify as an Incentive Stock Option (whether because of its provisions, the failure of the stockholders of the Company to authorize the issuance of Incentive Stock Options, the time or manner of its
exercise or otherwise), such Stock Option or the portion thereof which does not qualify shall be deemed to constitute a Non Qualified Stock Option. Each Person to be granted a Stock Option shall enter into a written agreement with the Company,
in such form as the Committee or the Board may prescribe, setting forth the terms and conditions (including, without limitation, the exercise price and vesting schedule) of the Stock Option. At any time and from time to time, the Optionee and
the Committee or the Board may agree to modify an option agreement in such respects as they may deem appropriate, including, without limitation, the conversion of an Incentive Stock Option into a Non Qualified Stock Option. The Committee or the
Board may require that an Optionee meet certain conditions before the Stock Option or a portion thereof may vest or be exercised, as, for example, that the Optionee remain in the employ of the Company or a Subsidiary for a stated period or periods
of time. 
 6.2. Incentive Stock Options Limitations. 
 (a) In no event shall any individual be granted Incentive Stock Options to the extent that the Shares covered by any Incentive Stock
Options (and any incentive stock options granted pursuant to any other plans of the Company or its Subsidiaries) that may be exercised for the first time by such individual in any calendar year have an aggregate Fair Market Value in excess of
$100,000. For this purpose, the Fair Market Value of the Shares shall be determined as of the date(s) on which the Incentive Stock Options are granted. It is intended that the limitation on Incentive Stock Options provided in this
Section 6.2(a) be the maximum limitation on Stock Options which may be considered Incentive Stock Options pursuant to the Code.
 (b) The option exercise price of an Incentive Stock Option shall not be less than one hundred percent (100%) of the Fair Market Value of the Shares subject to such Incentive Stock Option on the date of the grant of such Incentive
Stock Option. 
 (c) Notwithstanding anything herein to the contrary, in no event shall any employee owning more than ten
percent (10%) of the total combined voting power of the Company or any Subsidiary be granted an Incentive Stock Option unless the option exercise price of such Incentive Stock Option shall be at least one hundred ten percent (110%) of the
Fair Market Value of the Shares subject to such Incentive Stock Option on the date of the grant of such Incentive Stock Option. 
 (d) In no event shall any individual be granted an Incentive Stock Option after the expiration of ten (10) years from the date this Plan is adopted or is approved by the stockholders of the Company (if stockholder approval is
required by Section 422 of the Code). 
 (e) To the extent stockholder approval of this Plan is required by
Section 422 of the Code, no individual shall be granted an Incentive Stock Option unless this Plan is approved by the stockholders of the Company within twelve (12) months before or after the date this Plan is initially adopted. In
the event this Plan is amended to increase the number of Shares subject to issuance upon the exercise of Incentive Stock Options or to change the class of employees eligible to receive Incentive Stock Options, no individual shall be granted an
Incentive Stock Option unless such amendment is approved by the stockholders of the Company within twelve (12) months before or after such amendment. 
 (f) No Incentive Stock Option shall be granted to any employee owning more than ten percent (10%) of the total combined voting power of the Company or any Subsidiary unless the term of such Incentive Stock
Option is equal to or less than five (5) years measured from the date on which such Incentive Stock Option is granted. 

 6.3. Option Term. The term of a Stock Option shall be for such period of time from the
date of its grant as may be determined by the Committee or the Board; provided, however, that no Incentive Stock Option shall be exercisable later than ten (10) years from the date of its grant. 
 6.4. Time of Exercise. No Stock Option may be exercised unless it is exercised prior to the expiration of its stated term and, in
connection with options granted to employees of the Company or its Subsidiaries, at the time of such exercise, the Optionee is, and has been continuously since the date of grant of such Stock Option, employed by the Company or a Subsidiary,
except that: 
 (a) A Stock Option may, to the extent vested as of the date the Optionee ceases to be an employee of the
Company or a Subsidiary, be exercised during the three month period immediately following the date the Optionee ceases (for any reason other than death, Disability or termination for Cause) to be an employee of the Company or a Subsidiary (or within
such other period as may be specified in the applicable option agreement), provided that, if the Stock Option has been designated as an Incentive Stock Option and the option agreement provides for a longer exercise period, the exercise of such Stock
Option after such three month period shall be treated as the exercise of a Non Qualified Stock Option; 
 (b) If the
Optionee dies while in the employ of the Company or a Subsidiary, or within three months after the Optionee ceases (for any reason other than termination for Cause) to be such an employee (or within such other period as may be specified in the
applicable option agreement), a Stock Option may, to the extent vested as of the date of the Optionee’s death, be exercised by the Optionee’s Designated Beneficiary during the one year period immediately following the date of the
Optionee’s death (or within such other period as may be specified in the applicable option agreement); provided that, if the Stock Option has been designated as an Incentive Stock Option and the option agreement provides for a longer exercise
period, the exercise of such Stock Option after such one year period shall be treated as the exercise of a Non Qualified Stock Option; 
 (c) If the Optionee ceases to be an employee of the Company or a Subsidiary by reason of the Optionee’s Disability, a Stock Option, to the extent vested as of the date the Optionee ceases to be an employee
of the Company or a Subsidiary, may be exercised during the one year period immediately following the date on which the Disability is determined to exist (or within such other period as may be specified in the applicable option agreement); provided
that, if the Stock Option has been designated as an Incentive Stock Option and the option agreement provides for a longer exercise period, the exercise of such Stock Option after such one year period shall be treated as the exercise of a Non
Qualified Stock Option; and 
 (d) If the Optionee’s employment is terminated for Cause, all Stock Options held by
such Optionee shall simultaneously terminate and will no longer be exercisable. 
 Nothing contained in this Section 6.4 will be deemed to extend the
term of a Stock Option or to revive any Stock Option which has previously lapsed or been cancelled, terminated or surrendered. Stock Options granted under this Plan to Consultants or Non Employee Directors will contain such terms and conditions
with respect to the death or disability of a Consultant or Non Employee Director or termination of a Consultant’s or non employee Director’s relationship with the Company as the Committee or the Board deems necessary or
appropriate. Such terms and conditions will be set forth in the option agreements evidencing the grant of such Stock Options. 
 6.5. Vesting of Stock Options. 
 (a) Each Stock Option granted pursuant to this Plan may only be
exercised to the extent that the Optionee is vested in such Stock Option. Each Stock Option shall vest separately 

 in accordance with the option vesting schedule determined by the Committee or the Board, which will be
incorporated in the option agreement entered into between the Company and such Optionee. The option vesting schedule may be accelerated if, in the sole discretion of the Committee or the Board, the acceleration of the option vesting schedule
would be in the best interests the Company. 
 (b) In the event of the dissolution or liquidation of the Company, each
Stock Option granted pursuant to this Plan shall terminate as of a date to be fixed by the Committee or Board; provided, however, that not less than thirty (30) days’ prior written notice of the date so fixed shall be given to each
Optionee. During such period all Stock Options which have not previously been terminated, exercised or surrendered will (subject to the provisions of Sections 6.3 and 6.4 of the Plan) fully vest and become exercisable, notwithstanding the
vesting schedule set forth in the option agreement evidencing the grant of such Stock Option. Upon the date fixed by the Committee or the Board, any unexercised Stock Options shall terminate and be of no further effect. 
 (c) Upon the occurrence of a Change in Control, all Stock Options and any associated Stock Appreciation Rights shall become fully
vested and immediately exercisable. 
 6.6. Manner of Exercise of Stock Options. 
 (a) Except as otherwise provided in this Plan, Stock Options may be exercised as to Shares only in amounts and at intervals of time
specified in the written option agreement between the Company and the Optionee. Each exercise of a Stock Option, or any part thereof, shall be evidenced by a written notice delivered by the Optionee to the Company. Except as set forth in
Section 6.6(c) of this Plan, the purchase price of the Shares as to which a Stock Option shall be exercised shall be paid in full at the time of exercise, and may be paid to the Company either: 
 (i) in cash (including check, bank draft or money order); or 
 (ii) by other consideration deemed acceptable by the Committee or the Board in its sole discretion. 
 (b) If an Optionee delivers Shares (including Shares of Restricted Stock) already owned by the Optionee in full or partial payment of
the exercise price for any Stock Option, or if the Optionee elects to have the Company retain that number of Shares out of the Shares being acquired through the exercise of the Stock Option having a Fair Market Value equal to the exercise price of
the Stock Option being exercised, the Committee or the Board may, in its sole discretion, authorize the grant of a new Stock Option (a “Reload Option”) for that number of Shares equal to the number of already owned Shares
surrendered (including Shares of Restricted Stock) or newly acquired Shares being retained by the Company in payment of the option exercise price of the underlying Stock Option being exercised. The grant of a Reload Option will become effective
upon the exercise of the underlying Stock Option. The option exercise price of the Reload Option shall be the Fair Market Value of a Share on the effective date of the grant of the Reload Option. Each Reload Option shall be exercisable no
later than the time when the underlying stock option being exercised could be last exercised. The Committee or the Board may also specify additional terms, conditions and restrictions for the Reload Option and the Shares to be acquired upon the
exercise thereof. 
 (c) Either the (i) purchase price of the Shares as to which a Stock Option shall be exercised
or (ii) amount, as determined by the Committee or the Board, of any federal, state or local tax required to be withheld by the Company due to the exercise of a Stock Option may, subject to the authorization of the Committee or the Board, be
satisfied, at the election of the Optionee, either (A) by payment by the Optionee to the Company of the amount of such withholding obligation in cash or other consideration acceptable to the Committee or the Board in its sole discretion (the
“Non Share Method”) or (B) through either the retention by the Company 

 of a number of Shares out of the Shares being acquired through the exercise of the Stock Option or the
delivery of already owned Shares having a Fair Market Value equal to the amount of the withholding obligation (the “Share Retention Method”). If an Optionee elects to use the Share Retention Method in full or partial
satisfaction of any tax liability resulting from the exercise of a Stock Option, the Committee or the Board may authorize the grant of a Reload Option for that number of Shares as shall equal the number of Shares used to satisfy the tax liabilities
of the Optionee arising out of the exercise of such Stock Option. Such Reload Option will be granted at the price and on the terms set forth in Section 6.6(b) of this Plan. The cash payment or an amount equal to the Fair Market Value
of the Shares so withheld, as the case may be, shall be remitted by the Company to the appropriate taxing authorities. 
 (d) An Optionee shall not have any of the rights of a stockholder of the Company with respect to the Shares subject to a Stock Option except to the extent that such Stock Option is exercised and one or more certificates representing
such Shares shall have been delivered to the Optionee. 
 SECTION 7. RESTRICTED STOCK 
 7.1. Grants. The Committee or the Board may grant Awards of Restricted Stock to any Consultant, Non-Employee Director or employee of the
Company or a Subsidiary for such minimum consideration, if any, as may be required by applicable law or such greater consideration as may be determined by the Committee or the Board, in its sole discretion. The terms and conditions of the
Restricted Stock shall be specified by the grant agreement. The Committee or the Board, in its sole discretion, may specify any particular rights which the Participant to whom a grant of Restricted Stock is made shall have in the Restricted
Stock during the restriction period and the restrictions applicable to the particular Award, the vesting schedule (which may be based on service, performance or other factors) and rights to acceleration of vesting (including, without limitation,
whether non vested Shares are forfeited or vested upon termination of employment). Further, the Committee or the Board may grant performance based Awards consisting of Restricted Stock by conditioning the grant, or vesting or such other
factors, such as the release, expiration or lapse of restrictions upon any such Award (including the acceleration of any such conditions or terms) of such Restricted Stock upon the attainment of specified performance goals or such other factors as
the Committee or the Board may determine. The Committee or the Board shall also determine when the restrictions shall lapse or expire and the conditions, if any, pursuant to which the Restricted Stock will be forfeited or sold back to the
Company. Each Award of Restricted Stock may have different restrictions and conditions. Unless otherwise set forth in the grant agreement, Restricted Stock may not be sold, pledged, encumbered or otherwise disposed of by the recipient until the
restrictions specified in the Award expire. Awards of Restricted Stock are subject to acceleration of vesting, termination of restrictions and termination in the same manner as Stock Options pursuant to Sections 6.4 and 6.5 of this Plan.

 7.2. Awards and Certificates. Any Restricted Stock issued hereunder may be evidenced in such manner as the Committee or
the Board, in its sole discretion, shall deem appropriate including, without limitation, book entry registration or issuance of a stock certificate or certificates. In the event any stock certificate is issued in respect of Shares of Restricted
Stock, such certificate shall bear an appropriate legend with respect to the restrictions applicable to such Award. The Company may retain, at its option, the physical custody of any stock certificate representing any awards of Restricted Stock
during the restriction period or require that the certificates evidencing Restricted Stock be placed in escrow or trust, along with a stock power endorsed in blank, until all restrictions are removed or expire. 
 SECTION 8. DIVIDEND EQUIVALENTS 
 8.1. Grant of Dividend Equivalents. The Committee is authorized to grant Dividend Equivalents to Participants, which will entitle such Participant to receive, on a current or deferred basis and
subject to such conditions as may be imposed by the Committee, cash payments from the Company in the same amounts (or such lesser fraction of such amounts as may be specifically set forth in the Dividend Equivalent agreement evidencing such award)
that the holder of record of such number of Shares would be 

 entitled to receive as cash dividends on such Shares (unless otherwise limited in such agreement). Dividend
Equivalent agreements will specify the expiration date of such Dividend Equivalents, the number of Shares to which they relate, and such other conditions as the Committee may impose. 
 8.2. Payments. The right to a cash payment in respect of a Dividend Equivalent will apply to all dividends the record date for which
occurs at any time during the period commencing on the date the Dividend Equivalent is granted and ending on the date such Dividend Equivalent expires or is terminated, whichever occurs first. 
 8.3. Related Dividend Equivalents. If a Dividend Equivalent is granted in conjunction with the grant of a Stock Option, the applicable
Dividend Equivalent agreement will provide that the grantee is entitled to receive from the Company cash payments, on a current or deferred basis, in the same amounts (or such lesser fraction of such amounts as may be specifically set forth in the
Dividend Equivalent agreement) that the holder of record of a number of Shares equal to the number of Shares covered by such Stock Option would be entitled to receive as dividends on such Shares unless otherwise limited in the Dividend Equivalent
agreement. Such right to a cash payment will apply to, and such Dividend Equivalent will remain outstanding in respect of, all cash dividends the record date for which occurs at any time during the period commencing on the date the related
Stock Option is granted and ending on the date that such Stock Option is exercised, expires or terminates, whichever occurs first. 
 SECTION 9. PERFORMANCE AWARDS 
 9.1. Grants. A Performance Award may consist of either or both, as the
Committee or the Board may determine, of (i) the right to receive Shares or Restricted Stock, or any combination thereof as the Committee or the Board may determine (“Performance Shares”), or (ii) the right to receive a
fixed dollar amount payable in Shares, Restricted Stock, cash or any combination thereof, as the Committee or the Board may determine (“Performance Units”). The Committee or the Board may grant Performance Awards to any
eligible Consultant, non-employee Director or employee of the Company or a Subsidiary, for such minimum consideration, if any, as may be required by applicable law or such greater consideration as may be determined by the Committee or the Board, in
its sole discretion. The terms and conditions of Performance Awards shall be specified at the time of the grant and may include provisions establishing the performance period, the performance criteria to be achieved during a performance period,
the criteria used to determine vesting (including the acceleration thereof), whether Performance Awards are forfeited or vest upon termination of employment during a performance period and the maximum or minimum settlement values. Each
Performance Award shall have its own terms and conditions, which shall be determined in the sole discretion of the Committee or the Board. If the Committee or the Board determines, in its sole discretion, that the established performance
measures or objectives are no longer suitable because of a change in the Company’s business, operations, corporate structure or for other reasons that the Committee or the Board deems satisfactory, the Committee or the Board may modify the
performance measures or objectives and/or the performance period. Awards of Performance Shares and/or Performance Units are subject to acceleration of vesting, termination of restrictions and termination in the same manner as Stock Options
pursuant to Sections 6.4 and 6.5 of this Plan. 
 9.2. Terms and Conditions. Performance Awards may be valued by reference
to the Fair Market Value of a Share or according to any other formula or method deemed appropriate by the Committee or the Board, in its sole discretion, including, but not limited to, achievement of specific financial, production, sales, cost or
earnings performance objectives that the Committee or the Board believes to be relevant or the Company’s performance or the performance of the Common Stock measured against the performance of the market, the Company’s industry segment or
its direct competitors. Performance Awards may also be conditioned upon the applicable Participant remaining in the employ of the Company or one of its Subsidiaries for a specified period. Performance Awards may be paid in cash, Shares
(including Restricted Stock) or other consideration, or any combination thereof. Performance Awards may be payable in a single payment or in installments and may be payable at a specified date or dates or upon attaining the performance
objective or objectives, all at the sole discretion of the Committee or the Board. The extent to which any applicable performance objective has been achieved shall be conclusively determined by the Committee or the Board in its sole discretion.

 SECTION 10. STOCK PURCHASE PLAN 
 10.1. Grant of Stock Purchase Rights. The term “Stock Purchase Right” means the right to purchase shares of Common Stock and to
pay for all or a portion of the purchase price for such shares through a loan made by the Company to a Participant (a “Purchase Loan”) as set forth in this Section 10. 
 10.2. Terms of Purchase Loans. 
 (a) Each Purchase Loan shall be evidenced by a promissory note. The term of the Purchase Loan shall be a period not to exceed ten years, as determined by the Committee, and the proceeds of the Purchase Loan
shall be used exclusively by the Participant for purchase of shares of Common Stock at a purchase price equal to the Fair Market Value on the date of the Stock Purchase Right. 
 (b) A Purchase Loan shall bear interest at whatever rate the Committee shall determine (not less than the then existing prime rate as
announced by the Company’s lender under the Company’s credit facility but not in excess of the maximum rate permissible under applicable law), payable in a manner and at such times as the Committee shall determine. Those terms and
provisions as the Committee shall determine shall be incorporated into the promissory note evidencing the Purchase Loan. 
 10.3. Security for Loans. 
 (a) Purchase Loans granted to Participants shall be secured by a pledge
of the shares of Common Stock acquired pursuant to the Stock Purchase Right. Such pledge shall be evidenced by a pledge agreement (the “Pledge Agreement”) containing such terms and conditions as the Committee shall
determine. The certificates for the shares of Common Stock purchased by a Participant pursuant to a Stock Purchase Right shall be issued in the Participant’s name, but shall be held by the Company as security for repayment of the
Participant’s Purchase Loan together with a stock power executed in blank by the Participant (the execution and delivery of which by the Participant shall be a condition to the issuance of the Stock Purchase Right). The Participant shall
be entitled to exercise all rights applicable to such shares of Common Stock, including, but not limited to, the right to vote such shares of Common Stock and the right to receive dividends and other distributions made with respect to such shares of
Common Stock. 
 (b) The Company shall release and deliver to each Participant certificates for the shares of Common
Stock purchased by the Participant under the Stock Purchase Right and then held by the Company, provided the Participant has paid or otherwise satisfied in full the balance of the Purchase Loan and any accrued but unpaid interest thereon. In
the event the balance of the Purchase Loan is not repaid, forgiven or otherwise satisfied within ninety (90) days after (i) the date repayment of the Purchase Loan is due (whether in accordance with its term, by reason of acceleration or
otherwise), or (ii) such longer time as the Committee, in its discretion, shall provide for repayment or satisfaction, the Company shall retain those shares of Common Stock then held by the Company in accordance with the Pledge Agreement.

 10.4. Restrictions on Transfer. No Stock Purchase Right or shares of Common Stock purchased through such Right and
pledged to the Company as collateral security for the Participant’s Purchase Loan and accrued but unpaid interest thereon may be otherwise pledged, sold, assigned or transferred (other than by will or by the laws of descent and distribution).

 SECTION 11. OTHER AWARDS 
 The Committee or the Board may grant to any eligible Consultant, non-employee Director or employee of the Company or a Subsidiary other forms of Awards based upon, payable in or otherwise related to, in whole or in
part, Shares, if the Committee or the Board, in its sole discretion, determines that 

 such other form of Award is consistent with the purposes of this Plan. The terms and conditions of such other form
of Award shall be specified in a written agreement which sets forth the terms and conditions of such Award, including, but not limited to, the price, if any, and the vesting schedule, if any, of such Award. Such Awards may be granted for such
minimum consideration, if any, as may be required by applicable law or for such other greater consideration as may be determined by the Committee or the Board, in its sole discretion. 
 SECTION 12. COMPLIANCE WITH SECURITIES AND OTHER LAWS 
 As a condition to the issuance or transfer of any Award or any security issuable in connection with such Award, the Company may require an opinion of counsel, satisfactory to the Company, to the effect that
(a) such issuance and/or transfer will not be in violation of the Securities Act or any other applicable securities laws and (b) such issuance and/or transfer will not be in violation of the rules and regulations of any securities exchange
or automated quotation system on which the Common Stock is listed or admitted to trading. Further, the Company may refrain from issuing, delivering or transferring any Award or any security issuable in connection with such Award until the
Committee or the Board has determined that such issuance, delivery or transfer will not violate such securities laws or rules and regulations and that the recipient has tendered to the Company any federal, state or local tax owed as a result of such
issuance, delivery or transfer, when the Company has a legal liability to satisfy such tax. The Company shall not be liable for damages due to delay in the issuance, delivery or transfer of any Award or any security issuable in connection with
such Award or any agreement, instrument or certificate evidencing such Award or security for any reason whatsoever, including, but not limited to, a delay caused by the listing requirements of any securities exchange or automated quotation system or
any registration requirements under the Securities Act, the Exchange Act, or under any other state or federal law, rule or regulation. The Company is under no obligation to take any action or incur any expense to register or qualify the
issuance, delivery or transfer of any Award or any security issuable in connection with such Award under applicable securities laws or to perfect any exemption from such registration or qualification or to list any security on any securities
exchange or automated quotation system. Furthermore, the Company will have no liability to any person for refusing to issue, deliver or transfer any Award or any security issuable in connection with such Award if such refusal is based upon the
foregoing provisions of this Section 12. As a condition to any issuance, delivery or transfer of any Award or any security issuable in connection with such Award, the Company may place legends on any agreement, instrument or certificate
evidencing such Award or security, issue stop transfer orders with respect thereto and require such agreements or undertakings as the Company may deem necessary or advisable to assure compliance with applicable laws or regulations, including, if the
Company or its counsel deems it appropriate, representations from the recipient of such Award or security to the effect that such recipient is acquiring such Award or security solely for investment and not with a view to distribution and that no
distribution of the Award or the security will be made unless registered pursuant to applicable federal and state securities laws, or in the opinion of counsel to the Company, such registration is unnecessary. 
 SECTION 13. ADJUSTMENTS UPON THE OCCURRENCE OF A REORGANIZATION OR CORPORATE TRANSACTION 
 13.1. Reorganization. In the event of a Reorganization, the number of Shares subject to this Plan and to each outstanding Award, and the
exercise price of each Award which is based upon Shares, shall (to the extent deemed appropriate by the Committee or the Board) be proportionately adjusted (as determined by the Committee or the Board in its sole discretion) to account for any
increase or decrease in the number of issued and outstanding Shares of the Company resulting from such Reorganization. 
 13.2. Corporate Transaction with the Company as Survivor. If a Corporate Transaction is consummated and immediately following the consummation of such Corporate Transaction the Persons who were holders of shares of Common
Stock immediately prior to the consummation of such Corporate Transaction do not receive any securities or other property (hereinafter collectively referred to as “Transactional Consideration”) as a result of such Corporate
Transaction and substantially all of such Persons continue to hold the shares of Common Stock held by them immediately prior to the consummation of such Corporate Transaction (in substantially the same proportions relative to each other),

 the Awards will remain outstanding and will (subject to the provisions of Sections 6.1, 6.5(c), 7.1 and 9.1 of this Plan)
continue in full force and effect in accordance with its terms (without any modification) following the consummation of the Corporate Transaction. 
 13.3. Corporate Transaction with Company Being Acquired. If a Corporate Transaction is consummated and immediately following the consummation of such Corporate Transaction the Persons who were holders of shares of Common
Stock immediately prior to the consummation of such Corporate Transaction do receive Transactional Consideration as a result of such Corporate Transaction or substantially all of such Persons do not continue to hold the shares of Common Stock held
by them immediately prior to the consummation of such Corporate Transaction (in substantially the same proportions relative to each other), the terms and conditions of the Awards will be modified as follows: 
 (i) If the documentation pursuant to which a Corporate Transaction will be consummated provides for the assumption (by the entity
issuing Transactional Consideration to the Persons who were the holders of shares of Common Stock immediately prior to the consummation of such Corporate Transaction) of the Awards granted pursuant to this Plan without any modification or amendment
(other than Permitted Modifications and the modifications contemplated by Sections 6.1, 6.5(c), 7.1 and 9.1 of this Plan), such Awards will remain outstanding and will continue in full force and effect in accordance with its terms following the
consummation of such Corporate Transaction (subject to such Permitted Modifications and the provisions of Sections 6.1, 6.5(c), 7.1 and 9.1 of the Plan).
 (ii) If the documentation pursuant to which a Corporate Transaction will be consummated does not provide for the assumption by the entity issuing Transactional Consideration to the Persons who were the holders of
shares of Common Stock immediately prior to the consummation of such Corporate Transaction of the Awards granted pursuant to this Plan without any modification or amendment (other than Permitted Modifications), all vesting restrictions (performance
based or otherwise) applicable to Awards which will not be so assumed will accelerate and the holders of such Awards may (subject to the expiration of the term of such Awards) exercise/receive the benefits of such Awards without regard to such
vesting restrictions during the ten (10) day period immediately preceding the consummation of such Corporate Transaction. For purposes of the immediately preceding sentence, all performance based goals will be deemed to have been satisfied
in full. The Company will provide each Participant holding Awards which will not be so assumed with reasonable notice of the termination of such vesting restrictions and the impending termination of such Awards. Upon the consummation of
such a Corporate Transaction, all unexercised Awards which are not to be so assumed will automatically terminate and cease to be outstanding. 
 Nothing
contained in this Section 13 will be deemed to extend the term of an Award or to revive any Award which has previously lapsed or been cancelled, terminated or surrendered. 
 SECTION 14. AMENDMENT OR TERMINATION OF THIS PLAN 
 14.1. Amendment of This Plan. Notwithstanding anything contained in this Plan to the contrary, all provisions of this Plan (including, without limitation, the maximum number of Shares that may be
issued with respect to Awards to be granted pursuant to this Plan) may at any time or from time to time be modified or amended by the Board; provided, however, that no Award at any time outstanding pursuant to this Plan may be modified, impaired or
cancelled adversely to the holder of the Award without the consent of such holder. 
 14.2. Termination of This Plan. The
Board may suspend or terminate this Plan at any time, and such suspension or termination may be retroactive or prospective. Termination of this Plan shall not impair or affect any Award previously granted hereunder and the rights of the holder
of the Award shall remain in effect until the Award has been exercised in its entirety or has expired or otherwise has been terminated by the terms of such Award. 

 SECTION 15. AMENDMENTS AND ADJUSTMENTS TO AWARDS 
 The Committee or the Board may amend, modify or terminate any outstanding Award with the Participant’s consent at any time prior to payment or
exercise in any manner not inconsistent with the terms of this Plan, including, without limitation, (a) to change the date or dates as of which and/or the terms and conditions pursuant to which (i) a Stock Option becomes exercisable or
(ii) a Performance Award is deemed earned, (b) to amend the terms of any outstanding Award to provide an exercise price per share which is higher or lower than the then current exercise price per share of such outstanding Award or
(c) to cancel an Award and grant a new Award in substitution therefor under such different terms and conditions as the Committee or the Board determines in its sole discretion to be appropriate including, but not limited to, having an exercise
price per share which may be higher or lower than the exercise price per share of the cancelled Award. The Committee or the Board may also make adjustments in the terms and conditions of, and the criteria included in agreements evidencing
Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 13 of this Plan) affecting the Company, or the financial statements of the Company or any Subsidiary, or of changes in
applicable laws, regulations or accounting principles, whenever the Committee or the Board determines that such adjustments are appropriate to prevent reduction or enlargement of the benefits or potential benefits intended to be made available
pursuant to this Plan. Any provision of this Plan or any agreement regarding an Award to the contrary notwithstanding, the Committee or the Board may cause any Award granted to be cancelled in consideration of a cash payment or alternative
Award made to the holder of such cancelled Award equal in value to the Fair Market Value of such cancelled Award. The determinations of value pursuant to this Section 15 shall be made by the Committee or the Board in its sole discretion.

 SECTION 16. GENERAL PROVISIONS 
 16.1. No Limit on Other Compensation Arrangements. Nothing contained in this Plan shall prevent the Company from adopting or continuing in effect other compensation arrangements, and such arrangements
may be either generally applicable or applicable only in specific cases. 
 16.2. No Right to Employment or Continuation of
Relationship. Nothing in this Plan or in any Award, nor the grant of any Award, shall confer upon or be construed as giving any Participant any right to remain in the employ of the Company or a Subsidiary or to continue as a Consultant or
Non-Employee Director. Further, the Company or a Subsidiary may at any time dismiss a Participant from employment or terminate the relationship of any Consultant or non-employee Director with the Company or any Subsidiary, free from any
liability or any claim pursuant to this Plan, unless otherwise expressly provided in this Plan or in any agreement evidencing an Award made under this Plan. No Consultant, Non-Employee Director or employee of the Company or any Subsidiary shall
have any claim to be granted any Award, and there is no obligation for uniformity of treatment of any Consultant, Non-Employee Director or employee of the Company or any Subsidiary or of any Participants. 
 16.3. GOVERNING LAW. THE VALIDITY, CONSTRUCTION AND EFFECT OF THIS PLAN AND ANY RULES AND REGULATIONS RELATING TO THIS PLAN SHALL BE
DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF. 
 16.4. Severability. If any provision of this Plan or any Award is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or as to any individual or Award, or would disqualify this Plan or any
Award under any law deemed applicable by the Committee or the Board, such provision shall be construed or deemed amended to conform to applicable law, or if it cannot be construed or deemed amended without, in the sole determination of the Committee
or the Board, materially altering the intent of this Plan or the Award, such provision shall be stricken as to such jurisdiction, individual or Award and the remainder of this Plan and any such Award shall remain in full force and effect.

 16.5. No Fractional Shares. No fractional Shares shall be issued or delivered pursuant
to this Plan or any Award, and the Committee or the Board shall determine, in its sole discretion, whether cash, other securities or other property shall be paid or transferred in lieu of any fractional Shares or whether such fractional Shares or
any rights thereto shall be cancelled, terminated or otherwise eliminated. 
 16.6. Headings. Headings are given to the
Sections and Subsections of this Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of this Plan or any provision thereof. 
 16.7. Effective Date. The provisions of this Plan that relate to the grant of Incentive Stock Options shall be effective as of the date
of the approval of this Plan by the stockholders of the Company. 
 16.8. Transferability of Awards. Awards shall not be
transferable otherwise than by will or the laws of descent and distribution without the written consent of the Committee or the Board (which may be granted or withheld at the sole discretion of the Committee or the Board). Awards may be
exercised, during the lifetime of the holder, only by the holder. Any attempted assignment, transfer, pledge, hypothecation or other disposition of an Award contrary to the provisions hereof, or the levy of any execution, attachment or similar
process upon an Award shall be null and void and without effect. 
 16.9. Rights of Participants. Except as hereinbefore
expressly provided in this Plan, any Person to whom an Award is granted shall have no rights by reason of any subdivision or consolidation of stock of any class or the payment of any stock dividend or any other increase or decrease in the number of
shares of stock of any class or by reason of any dissolution, liquidation, reorganization, merger or consolidation or spinoff of assets or stock of another corporation, and any issue by the Company of shares of stock of any class or securities
convertible into shares of stock of any class shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or exercise price of Shares subject to an Award. 
 16.10. No Limitation Upon the Rights of the Company. The grant of an Award pursuant to this Plan shall not affect in any way the right
or power of the Company to make adjustments, reclassifications, or changes of its capital or business structure; to merge, convert or consolidate; to dissolve or liquidate; or sell or transfer all or any part of its business or assets. 

16.11. Date of Grant of an Award. Except as noted in this Section 16.11, the granting of an Award shall take place only upon the
execution and delivery by the Company and the Participant of a written agreement and neither any other action taken by the Committee or the Board nor anything contained in this Plan or in any resolution adopted or to be adopted by the Committee, the
Board or the stockholders of the Company shall constitute the granting of an Award pursuant to this Plan. Solely, for purposes of determining the Fair Market Value of the Shares subject to an Award, such Award will be deemed to have been
granted as of the date specified by the Committee or the Board notwithstanding any delay which may elapse in executing and delivering the applicable agreement. 

 Amendment No. 1 to Flexible Incentive Plan 
 Approved by the Stockholders of the Company on June 2, 1999 
 Section 4.1 of the Plan is hereby amended to read in its entirety as follows: 
 4.1 Limitations. The maximum number of Shares that may be issued with respect to Awards granted pursuant to this Plan at any time shall be an amount equal
to 4.9% of the Company’s issued and outstanding shares of Common Stock at such time, plus 500,000 Shares; provided, however, that the maximum number of Shares issuable pursuant to Incentive Stock Options granted under the Plan shall be
1,000,000. The Shares issued pursuant to this Plan may be authorized but unissued Shares, or may be issued Shares which have been reacquired by the Company. 

 Amendment No. 2 to the Flexible Incentive Plan 
 Approved by the Company’s Board of Directors on March 14, 2006 
 The Flexible Incentive Plan is hereby amended by adding the following Section 16.12: 
 Section 16.12. Unless previously terminated, the Plan will terminate ten (10) years after the date the Plan was approved by the stockholders, except that Awards
that are granted under the Plan before its termination will continue to be administered under the terms of the Plan until the Awards terminate, are exercised, or fully vest and are settled, as is consistent with the terms of such Awards.

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