Document:

WINHA Partnership Agreement for Local Specialty Product Retail
Stores

 

Party A: Zhongshan WINHA Electronic Commerce Company Limited

Address: Suite 918, Yihe Centre, No.5 Xingzhong Ave., Shiqi
District, Zhongshan, People’s Republic of China 528400

 

Tel: +86-760-88963655                              Fax:
+86-760-89888022

 

Party B:  ____________________

Resident Identity Card No.: ______________
     Mobile:  _______________

Tel: ______________________       
Fax:  ______________________

 

The retailing of “WINHA local specialty products”
through a multi-channel shopping platform is the business managed by Party A. Prior to signing this agreement, Party A and B confirm
that they had comprehensive, detailed discussions regarding WINHA’s operations, including the marketing and partnership requirements.
Party B acknowledges and accepts the potential risks and benefits associated with entering into this agreement with Party A. After
significant review and analysis, the parties developed and are entering into the following mutually beneficial agreement, as follows:

 

		1.	Content of Partnership

 

	 	1.1	WINHA’s local specialty products retail stores, along with its online and mobile application stores, collectively, comprise the WINHA local specialty products shopping platform, which is the business managed by Party A.

 

	 	1.2	Party A authorizes Party B to open a WINHA local specialty products retail store in ____________(city), (province), and sell the products supplied by Party A for a fixed period of mutually agreed upon time, as set forth in Section 1.3.
	 	 	 
	 	1.3	This agreement shall remain in full force and effect for ______ years, starting (Month/Date/Year) and ending (Month/Date/Year).

 

		2	Conditions and Requirements of Partnership

 

	 	2.1	Party B must be either a legal business entity or a PRC citizen, and provide the following documents to Party A before signing this agreement.
	 	 	 

Business Entity:  Business
License (copy)     Tax Registration Certificate (copy)

Individual:  Resident
Identity Card (copy)

 

	 	2.2	Upon signing this agreement, Party B must pay no less than_______RMB in terms of order payment.

 

	 	2.3	For the duration of the partnership period, Party B must pay Party A 3,000 RMB per year as an annual website management fee. Party B is exempt from a first year management fee, but such fee is due on (Month/Day) each year in all subsequent years.

 

WINHA E-commerce Limited, Zhongshan City

918 Yihe Centre, No.5 Xingzhong Ave, Shiqi District, Zhongshan
City, Guangdong

	Tel: (0760) 88963655	Fax: (0760) 89888022	Website: www.WINHA.com

 

    	 

    	 

    

 

 

	 	2.4	Party B shall remit an operating fee to the bank account designated by Party A within five (5) business days after signing this agreement. 

 

		3	Duties of Party A

 

	 	3.1	This business operation is owned by Party A, and is entirely planned, operated, and managed by Party A.
	 	 	 

 

	 	3.2	Party A shall support and assist Party B in selecting store location, decoration, display, and marketing. Party A shall assign experienced company staff to provide Party B with necessary training, guidance, and supervision.

 

		4	Rights of Party B

 

	 	4.1	Party B is authorized by Party A to set up its stores and sell products under the name of “WINHA local specialty product retail store.”

 

	 	4.2	Party B is permitted by Party A to access  the order managing system on the WINHA e-commerce shopping platform.

 

	 	4.3	Party B is  permitted to use WINHA’s trademark, brand image, management technology and business model within the geographic region provided by this agreement. Party A retains sole and unilateral discretion to determine matters related to brand ownership, management, and related intellectual property rights, business secrets, and all other business activities.

 

 

WINHA E-commerce Limited, Zhongshan City

918 Yihe Centre, No.5 Xingzhong Ave, Shiqi District, Zhongshan
City, Guangdong

	Tel: (0760) 88963655	Fax: (0760) 89888022	Website: www.WINHA.com

 

    	 

    	 

    

 

 

		5	Supply and Sales

 

 

	 	5.1	When ordering WINHA-supplied specialty products from other regions from Party A, Party B shall submit an order list in writing to Party A. Party A shall ship corresponding products in five (5) business days after receiving the request. If it is delayed, Party A shall inform Party B within eight (8) hours after receiving the list and negotiate an appropriate shipping time.

 

		6	Operation and Management of Retail Stores

 

	 	6.1	Party B promises to obtain all relevant and required legal, commercial, and tax qualifications necessary under applicable rules, laws, and regulations prior to opening a “WINHA local specialty product retail store.” The retail store operating area shall be no less than 50 square meters.

 

WINHA E-commerce Limited, Zhongshan City

918 Yihe Centre, No.5 Xingzhong Ave, Shiqi District, Zhongshan
City, Guangdong

	Tel: (0760) 88963655	Fax: (0760) 89888022	Website: www.WINHA.com

 

    	 

    	 

    

 

 

	 	6.2	The location of the retail store will comply with recommendations from Party A. Party B shall bear full responsibility for the retail store rental expense and related corresponding fees.

 

	 	6.3	Party A will provide Party B with a uniform interior and exterior design for the store. Party B shall take into consideration and implement the decor, and bear the corresponding fees and expenses.

 

	 	6.4	Party B shall display products according to the recommendations and guidance of Party A.

 

	 	6.5	Upon signing this agreement, Party B shall provide required documents to Party A, and complete the store opening process (including location selection, decoration, and purchasing inventory to set up the store) in 3 months. If Party B fails to provide relevant documents or to complete the store opening process, Party A shall have the right to terminate the partnership with Party B of its “WINHA local specialty product retail store.”

 

	 	6.6	Party B shall sell products in its store at the price designated by Party A. The price should also comply with the corresponding product price listed on the WINHA platform. Party B shall not change the price unless authorized by Party A. If Party B violates this rule, Party A shall have the right to impose severe penalties on Party B.

 

	 	6.7	When selling WINHA’s products, Party B is obligated to provide customers with detailed product and price information, and to deal with trade disputes, including customer complaints, in a timely manner.

 

		6.8	Party B shall operate and manage the franchise store
pursuant to guidance from the “WINHA Local Specialty Products Retail Store Operating Manual.” In the event of extenuating
circumstances, and specific adjustment of business practices are needed, Party B shall first obtain written permission from Party
A.

 

WINHA E-commerce Limited, Zhongshan City

918 Yihe Centre, No.5 Xingzhong Ave, Shiqi District, Zhongshan
City, Guangdong

	Tel: (0760) 88963655	Fax: (0760) 89888022	Website: www.WINHA.com

 

    	 

    	 

    

 

 

		7	Privacy Policy

 

	 	7.1	Both parties have the responsibility to keep all clients’ information that is obtained by this agreement confidential.

 

	 	7.2	Both parties agree that any Party (information receiver) will keep operating technology or any information of related Party (information provider) confidential. Any Party shall not disclose any content of confidential information to any third parties outside of this agreement at any time, unless it has obtained written consent from the information provider. Information receiver shall not copy the confidential information, unless it has written consent from information provider or it is a reasonable requirement to implement the obligations of the agreement.

 

	 	7.3	The duration of maintaining confidentiality lasts for the period of this agreement plus five (5) years after the agreement expires. If any information becomes generally known to the public, the confidential obligation as pertains to that information is terminated.

 

	 	7.4	If any Party violates any clause herein, the breaching party shall pay the non-breaching Party 50,000 RMB for liquidated damages and any economic losses (including but not limited to attorneys’ fees, investigation charges, and travel expenses). Upon such event, the non-breaching Party may also terminate this agreement immediately.

 

WINHA E-commerce Limited, Zhongshan City

918 Yihe Centre, No.5 Xingzhong Ave, Shiqi District, Zhongshan
City, Guangdong

	Tel: (0760) 88963655	Fax: (0760) 89888022	Website: www.WINHA.com

 

    	 

    	 

    

 

 

		8	Liability for Breach of Agreement

 

	 	8.1	If any Party cannot fulfill its obligations under this agreement, it will be considered in breach of this agreement. The breaching Party shall be liable for breach of this agreement, and compensate the other Party for any corresponding economic losses. If obligations under this agreement cannot be fulfilled due to uncontrollable reasons, neither Party bears such responsibility for failure to fulfill the agreement’s terms. Both parties instead shall endeavor to resolve any issue through good faith negotiation.

 

	 	8.2	If any Party breaches the agreement and causes a negative impact or economic loss on the non-breaching Party, the other Party may commence legal action against the breaching Party, requesting injunctive relief and economic compensation, which includes but is not limited to attorneys’ fees, investigation charges, and travel expenses.

 

		9	Change and Termination

 

	 	9.1	Any Party under this agreement who would like to modify the content of this agreement shall provide the other Party with a fifteen-day notice in writing. Any verbal agreement has no binding effect.

 

	 	9.2	Any Party shall not terminate the agreement without reasonable grounds. Otherwise, the Party will take full responsibility for any loss and will compensate the other Party for related damages. The specific compensation amount shall be negotiated and confirmed by both parties.

 

	 	9.3	Any related matters which are not covered by this agreement shall be negotiated in good faith by both parties and be included in the form of a written addendum. The addendum shall be considered inseparable from this agreement and shall enjoy the same legal force as the underlying agreement.

 

	 	9.4	If obligations under this agreement cannot be fulfilled due to uncontrollable reasons, neither Party bears responsibility for such failure. This agreement is subject to the relevant national, provincial, and municipal ordinances, laws, and regulations.

 

		10	Miscellaneous

 

	 	10.1	This agreement must be executed in two original copies, and each Party shall receive one original copy. The agreement takes effect immediately upon the execution of both parties. The term of this agreement is _________ years, commencing from when the agreement takes effect.

 

	 	 	Any conflicts or disputes related to this agreement and raised by either Party shall be resolved through good faith negotiations. If it cannot be resolved by such negotiations, either Party may only commence legal action in a court where Party A resides.

 

	 	10.3	Other items: 

 

WINHA E-commerce Limited, Zhongshan City

918 Yihe Centre, No.5 Xingzhong Ave, Shiqi District, Zhongshan
City, Guangdong

	Tel: (0760) 88963655	Fax: (0760) 89888022	Website: www.WINHA.com

 

    	 

    	 

    

 

 

Party A: Zhongshan WINHA Electronic Commerce Company Limited
                       Party
B:

 

	Representative:	 
	 	 
	Tel:	 
	 	 
	Fax:	 
	 	 
	Date:	 

 

WINHA E-commerce Limited, Zhongshan City

918 Yihe Centre, No.5 Xingzhong Ave, Shiqi District, Zhongshan
City, Guangdong

	Tel: (0760) 88963655	Fax: (0760) 89888022	Website: www.WINHA.comExhibit 4.5

 

Magic
software enterprises, Ltd.

 

TO

 

	 	 	 

 

TRUSTEE

 

INDENTURE

 

Dated as of             ,
201     

Debt Securities

 

    	 

    	 

    

 

TABLE OF CONTENTS

 

	 	Page
	 	 
	ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	 	 
	Section 101. Definitions	1
	Section 102. Compliance Certificates and Opinions	9
	Section 103. Form of Documents Delivered to Trustee	10
	Section 104. Acts of Holders	10
	Section 105. Notices, etc., to Trustee and Company	12
	Section 106. Notice to Holders; Waiver	12
	Section 107. Effect of Headings and Table of Contents	13
	Section 108. Successors and Assigns	13
	Section 109. Separability Clause	14
	Section 110. Benefits of Indenture	14
	Section 111. No Personal Liability	14
	Section 112. Governing Law	14
	Section 113. Legal Holidays	14
	 	 
	ARTICLE TWO

SECURITIES FORMS
	 	 
	Section 201. Forms of Securities	15
	Section 202. Form of Trustee’s Certificate of Authentication	15
	Section 203. Securities Issuable in Global Form	15
	 	 
	ARTICLE THREE

THE SECURITIES
	 	 
	Section 301. Amount Unlimited; Issuable in Series	16
	Section 302. Denominations	20
	Section 303. Execution, Authentication Delivery and Dating	20
	Section 304. Temporary Securities	22
	Section 305. Registration, Registration of Transfer and Exchange	25
	Section 306. Mutilated, Destroyed, Lost and Stolen Securities	28
	Section 307. Payment of Interest; Interest Rights Preserved	29
	Section 308. Persons Deemed Owners	31
	Section 309. Cancellation	32
	Section 310. Computation of Interest	32
	 	 
	ARTICLE FOUR

SATISFACTION AND DISCHARGE
	 	 
	Section 401. Satisfaction and Discharge of Indenture	32
	Section 402. Application of Company Funds	34

 

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	 	Page
	 	 
	ARTICLE FIVE

REMEDIES
	 	 
	Section 501. Events of Default	34
	Section 502. Acceleration of Maturity; Rescission and Annulment	36
	Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee	37
	Section 504. Trustee May File Proofs of Claim	37
	Section 505. Trustee May Enforce Claims Without Possession of Securities or Coupons	38
	Section 506. Application of Money Collected	38
	Section 507. Limitation on Suits	39
	Section 508. Unconditional Right of Holders to Receive Principal, Premium or Make- Whole Amount, if any, Interest and	 
	Additional Amounts	40
	Section 509. Restoration of Rights and Remedies	40
	Section 510. Rights and Remedies Cumulative	40
	Section 511. Delay or Omission Not Waiver	40
	Section 512. Control by Holders of Securities	40
	Section 513. Waiver of Past Defaults	41
	Section 514. Undertaking for Costs	41
	 	 
	ARTICLE SIX

THE TRUSTEE
	 	 
	Section 601. Notice of Defaults	42
	Section 602. Certain Rights of Trustee	42
	Section 603. Not Responsible for Recitals or Issuance of Securities	43
	Section 604. May Hold Securities	44
	Section 605. Money Held in Trust	44
	Section 606. Compensation and Reimbursement	44
	Section 607. Corporate Trustee Required; Eligibility; Conflicting Interests	45
	Section 608. Resignation and Removal; Appointment of Successor	45
	Section 609. Acceptance of Appointment By Successor	46
	Section 610. Merger, Conversion, Consolidation or Succession to Business	48
	Section 611. Appointment of Authenticating Agent	48
	 	 
	ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	 	 
	Section 701. Disclosure of Names and Addresses of Holders	50
	Section 702. Reports by Trustee	50
	Section 703. Reports by the Company	50
	Section 704. Company to Furnish Trustee Names and Addresses of Holders	51
	 	 

 

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	 	Page
	 	 
	ARTICLE EIGHT
	CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE
	 	 
	Section 801. Consolidations and Mergers of Company and Sales, Leases and Conveyances Permitted Subject to Certain	 
	Conditions	51
	Section 802. Rights and Duties of Successor Corporation	51
	Section 803. Officers’ Certificate and Opinion of Counsel	52
	 	 
	ARTICLE NINE

SUPPLEMENTAL INDENTURES
	 	 
	Section 901. Supplemental Indentures Without Consent of Holders	52
	Section 902. Supplemental Indentures with Consent of Holders	54
	Section 903. Execution of Supplemental Indentures	55
	Section 904. Effect of Supplemental Indentures	55
	Section 905. Conformity with Trust Indenture Act	55
	Section 906. Reference in Securities to Supplemental Indentures	55
	Section 907. Notice of Supplemental Indentures	55
	 	 
	ARTICLE TEN

COVENANTS
	 	 
	 	 
	Section 1001. Existence	57
	Section 1002. Payment of Taxes and Other Claims	58
	Section 1003. Statement as to Compliance	58
	Section 1004. Additional Amounts	59
	Section 1005. Waiver of Certain Covenants	60
	 	 
	ARTICLE ELEVEN

REDEMPTION OF SECURITIES
	 	 
	Section 1101. Applicability of Article	60
	Section 1102. Election to Redeem; Notice to Trustee	60
	Section 1103. Selection by Trustee of Securities to Be Redeemed	60
	Section 1104. Notice of Redemption	61
	Section 1105. Deposit of Redemption Price	62
	Section 1106. Securities Payable on Redemption Date	62
	Section 1107. Securities Redeemed in Part	63
	 	 
	ARTICLE TWELVE

SINKING FUNDS
	 	 
	Section 1201. Applicability of Article	64

 

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	 	Page
	 	 
	Section 1202. Satisfaction of Sinking Fund Payments with Securities	64
	Section 1203. Redemption of Securities for Sinking Fund	64
	 	 
	ARTICLE THIRTEEN

REPAYMENT AT THE OPTION OF HOLDERS
	 	 
	Section 1301. Applicability of Article	65
	Section 1302. Repayment of Securities	65
	Section 1303. Exercise of Option	65
	Section 1304. When Securities Presented for Repayment Become Due and Payable	66
	Section 1305. Securities Repaid in Part	67
	 	 
	ARTICLE FOURTEEN

DEFEASANCE AND COVENANT DEFEASANCE
	 	 
	Section 1401. Applicability of Article; Company’s Option to Effect Defeasance or Covenant Defeasance	67
	Section 1402. Defeasance and Discharge	67
	Section 1403. Covenant Defeasance	68
	Section 1404. Conditions to Defeasance or Covenant Defeasance	68
	Section 1405. Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions	70
	 	 
	ARTICLE FIFTEEN

MEETINGS OF HOLDERS OF SECURITIES
	 	 
	Section 1501. Purposes for Which Meetings May Be Called	71
	Section 1502. Call, Notice and Place of Meetings	72
	Section 1503. Persons Entitled to Vote at Meetings	72
	Section 1504. Quorum; Action	72
	Section 1505. Determination of Voting Rights; Conduct and Adjournment of Meetings	73
	Section 1506. Counting Votes and Recording Action of Meetings	74
	Section 1507. Evidence of Action Taken by Holders	75
	Section 1508. Proof of Execution of Instruments	75
	 	 
	TESTIMONIUM	 
	SIGNATURES AND SEALS	 
	ACKNOWLEDGMENTS	 
	EXHIBIT A — FORMS OF CERTIFICATION	 

 

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Magic
software enterprises Ltd.

 

Reconciliation and tie between Trust Indenture Act of 1939,
as amended (the “1939 Act”), and Indenture, dated as of                     ,
      .

 

	Trust Indenture Act Section	 	Indenture Section
	Section 310	(a)(1)	 	607(a)
	 	(a)(2)	 	607(a)
	 	(b)	 	607(b),
	 	 	 	608
	Section 312	(c)	 	701
	Section 314	(a)	 	703
	 	(a)(4)	 	1011
	 	(c)(1)	 	102
	 	(c)(2)	 	102
	 	(e)	 	102
	Section 315	(b)	 	601
	 	 	 	 
	Section 316	(a) (last sentence)	 	101 (“Outstanding”)
	 	(a)(1)(A)	 	502,512
	 	 	 	 
	 	(a)(1)(B)	 	513
	 	(b)	 	508
	Section 317	(a)(1)	 	503
	 	(a)(2)	 	504
	Section 318	(a)	 	112
	 	(c)	 	112

 

	NOTE:	 	This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture.
	 	 	 
	 	 	Attention should also be directed to Section 318(c) of the 1939 Act, which provides that the provisions of Sections 310 to and including 317 of the 1939 Act are a part of and govern every qualified indenture, whether or not physically contained therein.

 

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INDENTURE,
dated as of                     ,
201      , between Magic Software Enterprises, Ltd.,
an Israeli company (hereinafter called the “Company”), having its office at 5 Haplada Street, Or-Yehuda 60218, Israel
and                                         ,
a                      banking
                    , as Trustee
hereunder (hereinafter called the “Trustee”), having its Corporate Trust Office at                                                             .

 

RECITALS OF THE COMPANY

 

The Company deems it necessary to issue
from time to time for its lawful purposes senior debt securities (hereinafter called the “Securities”) evidencing its
senior indebtedness, and has duly authorized the execution and delivery of this Indenture to provide for the issuance from time
to time of the Securities, unlimited as to aggregate principal amount, to bear interest at the rates or formulas, to mature at
such times and to have such other provisions as shall be fixed therefor as hereinafter provided.

 

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

 

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 

For and in consideration of the premises
and the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate
benefit of all Holders of the Securities, as follows:

 

ARTICLE ONE

DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION

 

Section 101. Definitions.

 

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

 

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

 

(2) all other terms used herein which
are defined in the TIA, either directly or by reference therein, have the meanings assigned to them therein, and the terms “cash
transaction” and “self-liquidating paper,” as used in TIA Section 311, shall have the meanings assigned
to them in the rules of the Commission adopted under the TIA;

 

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

 

    	 

    	 

    

 

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

 

Certain terms, used principally in Article Three,
Article Five, Article Six and Article Ten, are defined in those Articles. In addition, the following terms shall
have the indicated respective meanings:

 

“Act” has the meaning specified
in Section 104.

 

“Additional Amounts” means
any additional amounts which are required by a Security, under circumstances specified therein, to be paid by the Company in respect
of certain taxes imposed on certain Holders and which are owing to such Holders.

 

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

 

“Authenticating Agent” means
any authenticating agent appointed by the Trustee pursuant to Section 611.

 

“Authorized Newspaper” means
a newspaper, printed in the English language or in an official language of the country of publication, customarily published on
each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in each place in connection
with which the term is used or in the financial community of each such place. Whenever successive publications are required to
be made in Authorized Newspapers, the successive publications may be made in the same or in different Authorized Newspapers in
the same city meeting the foregoing requirements and in each case on any Business Day.

 

“Bankruptcy Law” has the meaning
specified in Section 501.

 

“Bearer Security” means a Security
which is payable to bearer.

 

“Board of Directors” means
the Board of Directors of the Company, the executive committee or any other committee of that board duly authorized to act for
it in respect hereof.

 

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

 

“Business Day,” when used with
respect to any Place of Payment or any other particular location referred to in this Indenture or in the Securities, means, unless
otherwise specified with respect to any Securities pursuant to Section 301, any day, other than a Saturday or Sunday, that
is neither a legal holiday nor a day on which banking institutions in that Place of Payment or particular location are authorized
or required by law, regulation or executive order to close.

 

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“Capital Stock” means, with
respect to any Person, any capital stock (including preferred stock), shares, interests, participations or other ownership interests
(however designated) of such Person and any rights (other than debt securities convertible or exchangeable for corporate stock),
warrants or options to purchase any thereof.

 

“CEDEL” means Centrale de Livraison
de Valeurs Mobilieres, S.A., or its successor.

 

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

 

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

 

“Company Request” and “Company
Order” mean, respectively, a written request or order signed in the name of the Company by the President or a Vice President
of the Company, and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Company, or other
duly authorized officer and delivered to the Trustee.

 

“Conversion Event” means the
cessation of use of (i) a Foreign Currency (other than the ECU or other currency unit) both by the government of the country
which issued such currency and for the settlement of transactions by a central bank or other public institutions of or within the
international banking community, (ii) the ECU both within the European Monetary System and for the settlement of transactions
by public institutions of or within the European Communities or (iii) any currency unit (or composite currency) other than
the ECU for the purposes for which it was established.

 

“Corporate Trust Office” means
the office of the Trustee at which, at any particular time, its corporate trust business shall be principally administered, at
which the principal of (and Make-Whole Amount, if any), interest, if any, on, and Additional Amounts, if any, payable in respect
of, Securities of or within a series shall be payable and any Registered Securities of or within such series may be surrendered
for registration of transfer or exchange, and at which notices or demands to or upon the Company in respect of the Securities of
or within a series and this Indenture may be served, which office at the date hereof is located at                                         .

 

“Corporation” includes corporations,
associations, companies and business trusts.

 

“Coupon” means any interest
coupon appertaining to a Bearer Security.

 

“Custodian” has the meaning
set forth in Section 501.

 

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

 

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

 

“DTC” means The Depository
Trust Company.

 

“ECU” means the European Currency
Unit as defined and revised from time to time by the Council of the European Communities.

 

“Euroclear” means Morgan Guaranty
Trust Company of New York, Brussels Office, or its successor as operator of the Euroclear System.

 

“European Communities” means
the European Economic Community, the European Coal and Steel Community and the European Atomic Energy Community.

 

“European Monetary System”
means the European Monetary System established by the Resolution of December 5, 1978 of the Council of the European Communities.

 

“Event of Default” has the
meaning specified in Article Five.

 

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

 

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

 

“GAAP” means generally accepted
accounting principles as used in the United States applied on a consistent basis as in effect from time to time; provided, that
solely for purposes of any calculation required by the financial covenants contained herein, “GAAP” shall mean generally
accepted accounting principles as used in the United States on the date hereof, applied on a consistent basis.

 

“Government Obligations” means
securities which are (i) direct obligations of the United States of America or the government which issued the Foreign Currency
in which the Securities of a particular series are payable, for the payment of which its full faith and credit is pledged or (ii) obligations
of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or such government
which issued the Foreign Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed
as a full faith and credit obligation by the United States of America or such other government, 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 or trust
company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such
Government Obligation held by such custodian for the account of the holder of a 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

 

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received by the custodian in respect of the Government Obligation
or the specific payment of interest on or principal of the Government Obligation evidenced by such depository receipt.

 

“Holder” means, in the case
of a Registered Security, the Person in whose name a Security is registered in the Security Register and, in the case of a Bearer
Security, the bearer thereof and, when used with respect to any coupon, shall mean the bearer thereof.

 

“Indenture” means this instrument
as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto
entered into pursuant to the applicable provisions hereof, and shall include the terms of particular series of Securities established
as contemplated by Section 301; provided, however, that, if at any time more than one Person is acting as Trustee under this
instrument, “Indenture” shall mean, with respect to any one or more series of Securities for which such Person is Trustee,
this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental
hereto entered into pursuant to the applicable provisions hereof and shall include the terms of the or those particular series
of Securities for which such Person is Trustee established as contemplated by Section 301, exclusive, however, of any provisions
or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms
or provisions were adopted, and exclusive of any provisions or terms adopted by means of one or more indentures supplemental hereto
executed and delivered after such Person had become such Trustee but to which such Person, as such Trustee, was not a party.

 

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

 

“Interest” when used with respect
to an Original Issue Discount Security which by its terms bears interest only after Maturity, shall mean interest payable after
Maturity, and, when used with respect to a Security which provides for the payment of Additional Amounts pursuant to Section 1011,
includes such Additional Amounts.

 

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

 

“Make-Whole Amount” means the
amount, if any, in addition to principal which is required by a Security, under the terms and conditions specified therein or as
otherwise specified as contemplated by Section 301, to be paid by the Company to the Holder thereof in connection with any
optional redemption or accelerated payment of such Security.

 

“Maturity” means, when used
with respect to any Security, the date on which the principal of such Security or an installment of principal becomes due and payable
as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, notice of redemption, notice of
option to elect repayment, repurchase or otherwise.

 

“Officers’ Certificate”
means a certificate signed by the President or a Vice President and by the Treasurer, an Assistant Treasurer, the Secretary or
an Assistant Secretary, or other duly authorized officer of the Company, and delivered to the Trustee.

 

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“Opinion of Counsel” means
a written opinion of counsel, who may be an employee of or counsel for the Company or other counsel satisfactory to the Trustee.

 

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

 

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

 

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

 

(ii) Securities, or portions thereof,
for whose payment or redemption or repayment at the option of the Holder money in the necessary amount has been theretofore deposited
with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if
the Company shall act as its own Paying Agent) for the Holders of such Securities and any coupons appertaining thereto; provided
that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or other
provision therefor satisfactory to the Trustee has been made;

 

(iii) Securities, except solely to
the extent provided in Sections 1402 or 1403, as applicable, with respect to which the Company has effected defeasance and/or
covenant defeasance as provided in Article Fourteen;

 

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

 

(v) Securities converted into Capital
Stock of the Company pursuant to or in accordance with this Indenture if the terms of such Securities provide for convertibility
pursuant to Section 301; provided, however, that in determining whether the Holders of the requisite principal amount of the
Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present
at a meeting of Holders for quorum purposes, and for the purpose of making the calculations required by TIA Section 313, (i) the
principal amount of an Original Issue Discount Security that may be counted in making such determination or calculation and that
shall be deemed to be Outstanding for such purpose shall be equal to the amount of principal thereof that would be (or shall have
been declared to be) due and payable, at the time of such determination, upon a declaration of acceleration of the maturity thereof

 

6

    	 

    	 

    

 

pursuant to Section 502, (ii) the principal amount
of any Security denominated in a Foreign Currency that may be counted in making such determination or calculation and that shall
be deemed Outstanding for such purpose shall be equal to the Dollar equivalent, determined pursuant to Section 301 as of the
date such Security is originally issued by the Company, of the principal amount (or, in the case of an Original Issue Discount
Security, the Dollar equivalent as of such date of original issuance of the amount determined as provided in clause (i) above)
of such Security, (iii) the principal amount of any Indexed Security that may be counted in making such determination or calculation
and that shall be deemed outstanding for such purpose shall be equal to the principal face amount of such Indexed Security at original
issuance, unless otherwise provided with respect to such Indexed Security pursuant to Section 301, and (iv) Securities
owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be
disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making such
calculation or in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which
the Trustee knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded
as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to
such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company
or of such other obligor.

 

“Paying Agent” means any Person
authorized by the Company to pay the principal of (and premium or Make-Whole Amount, if any) or interest on any Securities or coupons
on behalf of the Company, or if no such Person is authorized, the Company.

 

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

 

“Place of Payment” means, when
used with respect to the Securities of or within any series, the place or places where the principal of (and premium or Make-Whole
Amount, if any) and interest on such Securities are payable as specified as contemplated by Section 301.

 

“Predecessor Security” of any
particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular
Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange
for or in lieu of a mutilated, destroyed, lost or stolen Security or a Security to which a mutilated, destroyed, lost or stolen
coupon appertains shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security or the Security
to which the mutilated, destroyed, lost or stolen coupon appertains.

 

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

 

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

 

7

    	 

    	 

    

 

“Registered Security” means
any Security which is registered in the Security Register.

 

“Regular Record Date” for the
installment of interest payable on any Interest Payment Date on the Registered Securities of or within any series means the date
specified for that purpose as contemplated by Section 301, whether or not a Business Day.

 

“Repayment Date” means, when
used with respect to any Security to be repaid or repurchased at the option of the Holder, the date fixed for such repayment or
repurchase by or pursuant to this Indenture.

 

“Repayment Price” means, when
used with respect to any Security to be repaid or purchased at the option of the Holder, the price at which it is to be repaid
or repurchased by or pursuant to this Indenture.

 

“Responsible Officer” means,
when used with respect to the Trustee, any officer of the Trustee assigned by the Trustee to administer its corporate trust matters.

 

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

 

“Security” has the meaning
stated in the first recital of this Indenture and, more particularly, means any Security or Securities authenticated and delivered
under this Indenture; provided, however, that, if at any time there is more than one Person acting as Trustee under this Indenture,
“Securities” with respect to the Indenture as to which such Person is Trustee shall have the meaning stated in the
first recital of this Indenture and shall more particularly mean Securities authenticated and delivered under this Indenture, exclusive,
however, of Securities of or within any series as to which such Person is not Trustee.

 

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

 

“Significant Subsidiary” means
any Subsidiary which is a “significant subsidiary” (within the meaning of Regulation S-X, promulgated under the
Securities Act) of the Company.

 

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

 

“Stated Maturity” means, when
used with respect to any Security or any installment of principal thereof or interest thereon, the date specified in such Security
or a coupon representing such installment of interest as the fixed date on which the principal of such Security or such installment
of principal or interest is due and payable.

 

“Subsidiary” means, with respect
to any Person, any corporation or other entity of which a majority of (a) the voting power of the voting equity securities
or (b) the outstanding equity interests of which are owned, directly or indirectly, by such Person. For the purposes of this
definition, “voting equity securities” means equity securities having voting power for the election of directors, whether
at all times or only so long as no senior class of security has such voting power by reason of any contingency.

 

8

    	 

    	 

    

 

“Trust Indenture Act” or “TIA”
means the Trust Indenture Act of 1939, as amended and as in force at the date as of which this Indenture was executed, except as
provided in Section 905.

 

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

 

“United States” means, unless
otherwise specified with respect to any Securities pursuant to Section 301, the United States of America (including the states
and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction.

 

“United States person” means,
unless otherwise specified with respect to any Securities pursuant to Section 301, an individual who is a citizen or resident
of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States
or an estate or trust the income of which is subject to United States federal income taxation regardless of its source.

 

“Yield to Maturity” means the
yield to maturity, computed at the time of issuance of a Security (or, if applicable, at the most recent redetermination of interest
on such Security) and as set forth in such Security in accordance with generally accepted United States bond yield computation
principles.

 

Section 102. Compliance Certificates
and Opinions.

 

Upon any application or request by the
Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee an Officers’
Certificate stating that all conditions precedent, if any, provided for in this Indenture (including covenants, compliance with
which constitute conditions 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
Indenture relating to such particular application or request, no additional certificate or opinion need be furnished.

 

Every certificate or opinion with respect
to compliance with a condition or covenant provided for in this Indenture (excluding certificates delivered pursuant to Section 1010)
shall include:

 

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

 

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

 

9

    	 

    	 

    

 

(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 condition or covenant has been complied with; and

 

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

 

Section 103. Form of Documents
Delivered to Trustee.

 

In any case where several matters are required
to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by,
or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such
Person may certify or give an opinion as 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 an Opinion of Counsel, or a certificate or representations
by counsel, unless such officer knows, or in the exercise of reasonable care should know, that the opinion, certificate or representations
with respect to the matters upon which his certificate or opinion is based are erroneous. Any such Opinion of Counsel or certificate
or representations may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations
by, an officer or officers of the Company stating that the information as to such factual matters is in the possession of the Company,
unless such counsel knows that the certificate or opinion or representations as to such matters are erroneous.

 

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

 

Section 104. Acts of Holders.

 

(1) Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders of the Outstanding
Securities of all series or one or more series, as the case may be, may be embodied in and evidenced by one or more instruments
of substantially similar tenor signed by such Holders in person or by agents duly appointed in writing. If Securities of a series
are issuable as Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided
by this Indenture to be given or taken by Holders of Securities of such series may, alternatively, be embodied in and evidenced
by the record of Holders of Securities of such series voting in favor thereof, whether in person or by proxies duly appointed in
writing, at any meeting of Holders of Securities of such series duly called and held in accordance with the provisions of Article Fifteen,
or a combination of such instruments and any such record. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments or record or are delivered to the Trustee and, where it is hereby expressly

 

10

    	 

    	 

    

 

required, to the Company. Such instrument or instruments and
any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act”
of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of execution of any such instrument
or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of
this Indenture and conclusive in favor of the Trustee and the Company and any agent of the Trustee or the Company, if made in the
manner provided in this Section. The record of any meeting of Holders of Securities shall be proved in the manner provided in Section 1506.

 

(2) The fact and date of the execution
by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate
of a notary public or other officer authorized by law to take acknowledgements of deeds, certifying that the individual signing
such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity
other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The
fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be
proved in any other reasonable manner which the Trustee deems sufficient.

 

(3) The ownership of Registered Securities
shall be proved by the Security Register.

 

(4) The ownership of Bearer Securities
may be proved by the production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank,
banker or other depositary, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing that
at the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer Securities therein
described; or such facts may be proved by the certificate or affidavit of the Person holding such Bearer Securities, if such certificate
or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such ownership of any Bearer
Security continues until (1) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security
is produced, or (2) such Bearer Security is produced to the Trustee by some other Person, or (3) such Bearer Security
is surrendered in exchange for a Registered Security, or (4) such Bearer Security is no longer Outstanding. The ownership
of Bearer Securities may also be proved in any other manner which the Trustee deems sufficient.

 

(5) If the Company shall solicit from
the Holders of Registered Securities any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company
may, at its option, in or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled
to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation
to do so. Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or pursuant to such Board
Resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation of Holders generally in connection
therewith and not later than the date such solicitation is completed. If such a

 

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record date is fixed, such request, demand, authorization, direction,
notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close
of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite
proportion of Outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction,
notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date;
provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it
shall become effective pursuant to the provisions of this Indenture not later than eleven months after the record date.

 

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

 

Section 105. Notices, etc.,
to Trustee and Company.

 

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

 

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

 

(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 office specified in the first paragraph of this
Indenture or at any other address previously furnished in writing to the Trustee by the Company.

 

Section 106. Notice to Holders;
Waiver.

 

Where this Indenture provides for notice
of any event to Holders of Registered Securities 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 such Holder affected by such
event, at his address as it appears in the Security Register, not later than the latest date, and not earlier than the earliest
date, prescribed for the giving of such notice. In any case where notice to Holders of Registered Securities is given by mail,
neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency
of such notice with respect to other Holders of Registered Securities or the sufficiency of any notice to Holders of Bearer Securities
given as provided herein. Any notice

 

12

    	 

    	 

    

 

mailed to a Holder in the manner herein prescribed shall be
conclusively deemed to have been received by such Holder, whether or not such Holder actually receives such notice.

 

If by reason of the suspension of or irregularities
in regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification
to Holders of Registered Securities as shall be made with the approval of the Trustee shall constitute a sufficient notification
to such Holders for every purpose hereunder.

 

Except as otherwise expressly provided
herein or otherwise specified with respect to any Securities pursuant to Section 301, where this Indenture provides for notice
to Holders of Bearer Securities of any event, such notice shall be sufficiently given if published in an Authorized Newspaper in
The City of New York and in such other city or cities as may be specified in such Securities, and if the Securities of such series
are listed on any stock exchange outside the United States, in any place at which such Securities are listed on a securities exchange
to the extent that such securities exchange so requires, on a Business Day, such publication to be not later than the latest date,
and not earlier than the earliest date, prescribed for the giving of such notice. Any such notice shall be deemed to have been
given on the date of such publication or, if published more than once, on the date of the first such publication.

 

If by reason of the suspension of publication
of any Authorized Newspaper or Authorized Newspapers or by reason of any other cause it shall be impracticable to publish any notice
to Holders of Bearer Securities as provided above, then such notification to Holders of Bearer Securities as shall be given with
the approval of the Trustee shall constitute sufficient notice to such Holders for every purpose hereunder. Neither the failure
to give notice by publication to any particular Holder of Bearer Securities as provided above, nor any defect in any notice so
published, shall affect the sufficiency of such notice with respect to other Holders of Bearer Securities or the sufficiency of
any notice to Holders of Registered Securities given as provided herein.

 

Any request, demand, authorization, direction,
notice, consent or waiver required or permitted under this Indenture shall be in the English language, except that any published
notice may be in an official language of the country of publication.

 

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

 

Section 107. Effect of Headings
and Table of Contents.

 

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

 

Section 108. Successors and
Assigns.

 

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

 

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Section 109. Separability Clause.

 

In case any provision in this Indenture
or in any Security or coupon 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 110. Benefits of Indenture.

 

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

 

Section 111. No Personal Liability.

 

No recourse under or upon any obligation,
covenant or agreement contained in this Indenture, in any Security or coupon appertaining thereto, or because of any indebtedness
evidenced thereby, shall be had against any promoter, as such or, against any past, present or future shareholder, officer or director,
as such, of the Company or of any successor, either directly or through the Company or any successor, under any rule of law,
statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise,
all such liability being expressly waived and released by the acceptance of the Securities by the Holders thereof and as part of
the consideration for the issue of the Securities.

 

Section 112. Governing Law.

 

This Indenture and the Securities and coupons
shall be governed by and construed in accordance with the law of the State of New York. This Indenture is subject to the provisions
of the TIA that are required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions.

 

Section 113. Legal Holidays.

 

In any case where any Interest Payment
Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity of any Security shall not be a Business
Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or any Security or coupon other than a
provision in the Securities of any series which specifically states that such provision shall apply in lieu hereof), payment of
interest or any Additional Amounts or principal (and premium or Make-Whole Amount, if any) need not be made at such Place of Payment
on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if
made on the Interest Payment Date, Redemption Date, Repayment Date or sinking fund payment date, or at the Stated Maturity or Maturity,
provided that no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption
Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity, as the case may be.

 

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ARTICLE TWO

SECURITIES FORMS

 

Section 201. Forms of Securities.

 

The Registered Securities, if any, of each
series and the Bearer Securities, if any, and related coupons of each series, shall be in substantially the forms as shall be established
in or pursuant to one or more indentures supplemental hereto or Board Resolutions, shall have such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture or any indenture supplemental hereto, and may
have such letters, numbers or other marks of identification or designation and such legends or endorsements placed thereon as the
Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply
with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange
on which the Securities may be listed, or to conform to usage.

 

Unless otherwise specified as contemplated
by Section 301, Bearer Securities shall have interest coupons attached.

 

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

 

Section 202. Form of Trustee’s
Certificate of Authentication.

 

Subject to Section 611, the Trustee’s
certificate of authentication shall be in substantially the following form:

 

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

 

	 	 
	 	                                                                                                  , as
	 	Trustee
	 	 
	 	By
	 	Authorized Signatory

 

Section 203. Securities Issuable
in Global Form.

 

If Securities of or within a series are
issuable in global form, as specified as contemplated by Section 301, then, notwithstanding clause (H) of Section 301
and the provisions of Section 302, any such Security shall represent such of the Outstanding Securities of such series as
shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Securities of such series
from time to time endorsed thereon and that the aggregate amount of Outstanding Securities of such series represented thereby may
from time to time be increased or

 

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decreased to reflect exchanges. Any endorsement of a Security
in global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby
shall be made by the Trustee in such manner and upon instructions given by such Person or Persons as shall be specified therein
or in the Company Order to be delivered to the Trustee pursuant to Section 303 or 304. Subject to the provisions of Section 303
and, if applicable, Section 304, the Trustee shall deliver and redeliver any Security in permanent global form in the manner
and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant
to Section 303 or 304 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement
or delivery or redelivery of a Security in global form shall be in writing but need not comply with Section 102 and need not
be accompanied by an Opinion of Counsel.

 

The provisions of the last sentence of
Section 303 shall apply to any Security represented by a Security in global form if such Security was never issued and sold
by the Company and the Company delivers to the Trustee the Security in global form together with written instructions (which need
not comply with Section 102 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal
amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 303.

 

Notwithstanding the provisions of Section 307,
unless otherwise specified as contemplated by Section 301, payment of principal of and any premium or Make-Whole Amount and
interest on any Security in permanent global form shall be made to the Person or Persons specified therein.

 

Notwithstanding the provisions of Section 308
and except as provided in the preceding paragraph, the Company, the Trustee and any agent of the Company and the Trustee shall
treat as the Holder of such principal amount of Outstanding Securities represented by a permanent global Security (i) in the
case of a permanent global Security in registered form, the Holder of such permanent global Security in registered form, or (ii) in
the case of a permanent global Security in bearer form, Euroclear or CEDEL.

 

ARTICLE THREE

THE SECURITIES

 

Section 301. Amount Unlimited;
Issuable in Series.

 

The aggregate principal amount of Securities
which may be authenticated and delivered under this Indenture is unlimited.

 

The Securities may be issued in one or
more series. There shall be established in or pursuant to one or more Board Resolutions, or indentures supplemental hereto, prior
to the issuance of Securities of any series, any or all of the following, as applicable (each of which (except for the matters
set forth in clauses (A), (B) and (O) below), if so provided, may be determined from time to time by the Company with
respect to unissued Securities of or within the series when issued from time to time):

 

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

 

(2) any limit upon the aggregate principal
amount of the Securities of or within the series that may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of or within
the series pursuant to Section 304, 305, 306, 906, 1107 or 1305);

 

(3) the date or dates, or the method
by which such date or dates will be determined, on which the principal of the Securities of or within the series shall be payable
and the amount of principal payable thereon;

 

(4) the rate or rates at which the
Securities of or within the series shall bear interest, if any, or the method by which such rate or rates shall be determined,
the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, the Interest
Payment Dates on which such interest will be payable and the Regular Record Date, if any, for the interest payable on any Registered
Security on any Interest Payment Date, or the method by which such date shall be determined, and the basis upon which interest
shall be calculated if other than that of a 360-day year consisting of twelve 30-day months;

 

(5) the place or places, if any, other
than or in addition to the Borough of Manhattan, The City of New York, where the principal of (and premium or Make-Whole Amount,
if any), interest, if any, on, and Additional Amounts, if any, payable in respect of, Securities of or within the series shall
be payable, any Registered Securities of or within the series may be surrendered for registration of transfer or exchange and notices
or demands to or upon the Company in respect of the Securities of or within the series and this Indenture may be served;

 

(6) the period or periods within which,
the price or prices (including the premium or Make-Whole Amount, if any) at which, the currency or currencies, currency unit or
units or composite currency or currencies in which and other terms and conditions upon which Securities of or within the series
may be redeemed in whole or in part, at the option of the Company, if the Company is to have the option;

 

(7) the obligation, if any, of the
Company to redeem, repay or purchase Securities of or within the series pursuant to any sinking fund or analogous provision or
at the option of a Holder thereof, and the period or periods within which or the date or dates on which, the price or prices at
which, the currency or currencies, currency unit or units or composite currency or currencies in which, and other terms and conditions
upon which Securities of or within the series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation;

 

(8) if other than denominations of
$1,000 and any integral multiple thereof, the denominations in which any Registered Securities of or within the series shall

 

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be issuable and, if other than the denomination of $5,000, the
denomination or denominations in which any Bearer Securities of or within the series shall be issuable;

 

(9) if other than the Trustee, the
identity of each Security Registrar and/or Paying Agent;

 

(10) if other than the principal amount
thereof, the portion of the principal amount of Securities of or within the series that shall be payable upon declaration of acceleration
of the maturity thereof pursuant to Section 502, or the method by which such portion shall be determined;

 

(11) if other than Dollars, the Foreign
Currency or Currencies in which payment of the principal of (and premium or Make-Whole Amount, if any) or interest or Additional
Amounts, if any, on the Securities of or within the series shall be payable or in which the Securities of or within the series
shall be denominated;

 

(12) whether the amount of payments of principal
of (and premium or Make-Whole Amount, if any) or interest, if any, on the Securities of or within the series may be determined
with reference to an index, formula or other method (which index, formula or method may be based, without limitation, on one or
more currencies, currency units, composite currencies, commodities, equity indices or other indices), and the manner in which such
amounts shall be determined;

 

(13) whether the principal of (and premium
or Make-Whole Amount, if any) or interest or Additional Amounts, if any, on the Securities of or within the series are to be payable,
at the election of the Company or a Holder thereof, in a currency or currencies, currency unit or units or composite currency or
currencies other than that in which such Securities are denominated or stated to be payable, the period or periods within which,
and the terms and conditions upon which, such election may be made, and the time and manner of, and identity of the exchange rate
agent with responsibility for, determining the exchange rate between the currency or currencies, currency unit or units or composite
currency or currencies in which such Securities are denominated or stated to be payable and the currency or currencies, currency
unit or units or composite currency or currencies in which such Securities are to be so payable;

 

(14) provisions, if any, granting special
rights to the Holders of Securities of or within the series upon the occurrence of such events as may be specified;

 

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

 

(16) whether Securities of or within the
series are to be issuable as Registered Securities, Bearer Securities (with or without coupons) or both, any restrictions applicable
to the offer, sale or delivery of Bearer Securities and the terms upon which Bearer Securities of or within the series may be exchanged
for Registered Securities of or within the series and vice versa (if permitted by applicable laws and

 

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regulations), whether any Securities of or within the series
are to be issuable initially in temporary global form and whether any Securities of or within the series are to be issuable in
permanent global form (with or without coupons) and, if so, whether beneficial owners of interests in any such permanent global
Security may exchange such interests for Securities of such series and of like tenor of any authorized form and denomination and
the circumstances under which any such exchanges may occur, if other than in the manner provided in Section 305, and, if Registered
Securities of or within the series are to be issuable as a global Security, the identity of the depositary for such series;

 

(17) the date as of which any Bearer Securities
of or within the series and any temporary global Security representing Outstanding Securities of or within the series shall be
dated if other than the date of original issuance of the first Security of the series to be issued;

 

(18) the Person to whom any interest on
any Registered Security of the series shall be payable, if other than the Person in whose name that Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date for such interest, the manner in which, or the Person
to whom, any interest on any Bearer Security of the series shall be payable, if otherwise than upon presentation and surrender
of the coupons appertaining thereto as they severally mature, and the extent to which, or the manner in which, any interest payable
on a temporary global Security on an Interest Payment Date will be paid if other than in the manner provided in Section 304;

 

(19) the applicability, if any, of Sections 1402
and/or 1403 to the Securities of or within the series and any provisions in modification of, in addition to or in lieu of any of
the provisions of Article Fourteen;

 

(20) if the Securities of such series are
to be issuable in definitive form (whether upon original issue or upon exchange of a temporary Security of such series) only upon
receipt of certain certificates or other documents or satisfaction of other conditions, then the form and/or terms of such certificates,
documents or conditions;

 

(21) if the Securities of or within the
series are to be issued upon the exercise of debt warrants, the time, manner and place for such Securities to be authenticated
and delivered;

 

(22) whether and under what circumstances
the Company will pay Additional Amounts as contemplated by Section 1011 on the Securities of or within the series to any Holder
who is not a United States person (including any modification to the definition of such term) in respect of any tax, assessment
or governmental charge and, if so, whether the Company will have the option to redeem such Securities rather than pay such Additional
Amounts (and the terms of any such option);

 

(23) the obligation, if any, of the Company
to permit the conversion of the Securities of such series into shares of Capital Stock of the Company and the terms and conditions
upon which such conversion shall be effected (including, without limitation, the initial conversion price or rate, the conversion
period, any adjustment of

 

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the applicable conversion price or rate and any requirements
relative to the reservation of such shares for purposes of conversion); and

 

(24) any other terms of the series (which
terms shall not be inconsistent with the provisions of this Indenture).

 

All Securities of any one series and the
coupons appertaining to any Bearer Securities of such series, if any, shall be substantially identical except, in the case of Registered
or Bearer Securities issued in global form, as to denomination and except as may otherwise be provided in or pursuant to such Board
Resolution or in any such indenture supplemental hereto. All Securities of any one series need not be issued at the same time and
unless otherwise provided, a series may be reopened, without the consent of the Holders, for issuances of additional Securities
of such series.

 

If any of the terms of the Securities of
any series are established by action taken pursuant to one or more Board Resolutions or supplemental indentures, a copy of an appropriate
record of such action(s) shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the
Trustee at or prior to the delivery of the Company Order for authentication and delivery of such Securities.

 

Section 302. Denominations.

 

The Securities of each series shall be
issuable in such denominations as shall be specified as contemplated by Section 301. With respect to Securities of any series
denominated in Dollars, in the absence of any such provisions with respect to the Securities of any series, the Registered Securities
of such series, other than Registered Securities issued in global form (which may be of any denomination), shall be issuable in
denominations of $1,000 and any integral multiple thereof and the Bearer Securities of such series other than Bearer Securities
issued in global form (which may be of any denomination), shall be issuable in denominations of $5,000.

 

Section 303. Execution, Authentication
Delivery and Dating.

 

The Securities and any coupons appertaining
thereto shall be executed on behalf of the Company by its President or a Vice President, under its corporate seal reproduced thereon,
and attested by its Secretary or an Assistant Secretary. The signature of any of these officers on the Securities and coupons may
be manual or facsimile signatures of the present or any future such authorized officer and may be imprinted or otherwise reproduced
on the Securities.

 

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

 

At any time and from time to time after
the execution and delivery of this Indenture, the Company may deliver Securities of any series, together with any coupon appertaining
thereto, executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery
of such Securities, and the Trustee in accordance with the

 

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Company Order shall authenticate and deliver such Securities;
provided, however, that, in connection with its original issuance, no Bearer Security shall be mailed or otherwise delivered to
any location in the United States; and provided further that, unless otherwise specified with respect to any series of Securities
pursuant to Section 301 a Bearer Security may be delivered in connection with its original issuance only if the Person entitled
to receive such Bearer Security shall have furnished a certificate to Euroclear or CEDEL, as the case may be, in the form set forth
in Exhibit A-1 to this Indenture or such other certificate as may be specified with respect to any series of Securities pursuant
to Section 301, dated no earlier than 15 days prior to the earlier of the date on which such Bearer Security is delivered
and the date on which any temporary Security first becomes exchangeable for such Bearer Security in accordance with the terms of
such temporary Security and this Indenture. Except as permitted by Section 306, the Trustee shall not authenticate and deliver
any Bearer Security unless all appurtenant coupons for interest then matured have been detached and cancelled.

 

If all of the Securities of any series
are not to be issued at one time and if the Board Resolution or supplemental indenture establishing such series shall so permit,
such Company Order may set forth procedures acceptable to the Trustee for the issuance of such Securities and determining the terms
of particular Securities of such series, such as interest rate or formula, maturity date, date of issuance and date from which
interest shall accrue. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in
relation to such Securities, the Trustee shall be entitled to receive, and (subject to TIA Section 315(a) through 315(d))
shall be fully protected in relying upon:

 

(1) an Opinion of Counsel complying
with Section 102 and stating that:

 

(i) the form or forms of such Securities
and any coupons have been, or will have been upon compliance with such procedures as may be specified therein, established in conformity
with the provisions of this Indenture;

 

(ii) the terms of such Securities
and any coupons have been, or will have been upon compliance with such procedures as may be specified therein, established in conformity
with the provisions of this Indenture; and

 

(iii) such Securities, together with
any coupons appertaining thereto, when completed pursuant to such procedures as may be specified therein, and executed and delivered
by the Company to the Trustee for authentication in accordance with this Indenture, authenticated and delivered by the Trustee
in accordance with this Indenture and issued by the Company in the manner and subject to any conditions specified in such Opinion
of Counsel, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms, subject
to applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting the
enforcement of

 

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creditors’ rights generally and to general equitable principles
and to such other matters as may be specified therein; and

 

(2) an Officers’ Certificate
complying with Section 102 and stating that all conditions precedent provided for in this Indenture relating to the issuance
of such Securities have been, or will have been upon compliance with such procedures as may be specified therein, complied with
and that, to the best of the knowledge of the signers of such certificate, no Event of Default with respect to such Securities
shall have occurred and be continuing.

 

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

 

Notwithstanding the provisions of Section 301
and of the preceding paragraph, if all the Securities of any series are not to be issued at one time, it shall not be necessary
to deliver a Company Order, an Opinion of Counsel or an Officers’ Certificate otherwise required pursuant to the preceding
paragraph at the time of issuance of each Security of such series, but such order, opinion and certificate, with appropriate modifications
to cover such future issuances, shall be delivered at or before the time of issuance of the first Security of such series.

 

Each Registered Security shall be dated
the date of its authentication and each Bearer Security shall be dated as of the date specified as contemplated by Section 301.

 

No Security or coupon appertaining thereto
shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security
or the Security to which such coupon appertains a certificate of authentication substantially in the form provided for herein duly
executed by the Trustee by manual signature of an authorized officer, and such certificate upon any Security shall be conclusive
evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the
benefits of this Indenture. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder
but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided
in Section 309 together with a written statement (which need not comply with Section 102 and need not be accompanied
by an Opinion of Counsel) stating that such Security has never been issued or sold by the Company, for all purposes of this Indenture
such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits
of this Indenture.

 

Section 304. Temporary Securities.

 

(1) Pending the preparation of definitive
Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary
Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination; substantially
of the tenor of the definitive Securities in lieu of which they are issued, in registered form, or, if authorized, in bearer form
with one or more coupons or without coupons, and with such appropriate

 

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insertions, omissions, substitutions and other variations as
the officers executing such Securities may determine, as conclusively evidenced by their execution of such Securities. In the case
of Securities of any series, such temporary Securities may be in global form.

 

Except in the case of temporary Securities
in global form (which shall be exchanged in accordance with Section 304(B) or as otherwise provided in or pursuant to
a Board Resolution), if temporary Securities of any series are issued, the Company will cause definitive Securities of that series
to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities
of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such
series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender
for cancellation of any one or more temporary Securities of any series (accompanied by any non-matured coupons appertaining thereto),
the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive
Securities of the same series of authorized denominations; provided, however, that no definitive Bearer Security shall be delivered
in exchange for a temporary Registered Security; and provided further that a definitive Bearer Security shall be delivered in exchange
for a temporary Bearer Security only in compliance with the conditions set forth in Section 303. Until so exchanged, the temporary
Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of
such series.

 

(2) Unless otherwise provided as contemplated
in Section 301, this Section 304(B) shall govern the exchange of temporary Securities issued in global form other
than through the facilities of DTC. If any such temporary Security is issued in global form, then such temporary global Security
shall, unless otherwise provided therein, be delivered to the London office of a depositary or common depositary (the “Common
Depositary”), for the benefit of Euroclear and CEDEL.

 

Without unnecessary delay but in any event
not later than the date specified in, or determined pursuant to the terms of, any such temporary global Security (the “Exchange
Date”), the Company shall deliver to the Trustee definitive Securities, in an aggregate principal amount equal to the principal
amount of such temporary global Security, executed by the Company. On or after the Exchange Date, such temporary global Security
shall be surrendered by the Common Depositary to the Trustee, as the Company’s agent for such purpose, to be exchanged, in
whole or from time to time in part, for definitive Securities without charge, and the Trustee shall authenticate and deliver, in
exchange for each portion of such temporary global Security, an equal aggregate principal amount of definitive Securities of or
within the same series of authorized denominations and of like tenor as the portion of such temporary global Security to be exchanged.
The definitive Securities to be delivered in exchange for any such temporary global Security shall be in bearer form, registered
form, permanent global bearer form or permanent global registered form, or any combination thereof, as specified as contemplated
by Section 301, and, if any combination thereof is so specified, as requested by the beneficial owner thereof, provided, however,
that, unless otherwise

 

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specified in such temporary global Security, upon such presentation
by the Common Depositary, such temporary global Security is accompanied by a certificate dated the Exchange Date or a subsequent
date and signed by Euroclear as to the portion of such temporary global Security held for its account then to be exchanged and
a certificate dated the Exchange Date or a subsequent date and signed by CEDEL as to the portion of such temporary global Security
held for its account then to be exchanged, each in the form set forth in Exhibit A-2 to this Indenture or in such other form
as may be established pursuant to Section 301; and provided further that definitive Bearer Securities shall be delivered in
exchange for a portion of a temporary global Security only in compliance with the requirements of Section 303.

 

Unless otherwise specified in such temporary
global Security, the interest of a beneficial owner of Securities of a series in a temporary global Security shall be exchanged
for definitive Securities of the same series and of like tenor following the Exchange Date when the account holder instructs Euroclear
or CEDEL, as the case may be, to request such exchange on his behalf and delivers to Euroclear or CEDEL, as the case may be, a
certificate in the form set forth in Exhibit A-1 to this Indenture (or in such other form as may be established pursuant to
Section 301), dated no earlier than 15 days prior to the Exchange Date, copies of which certificate shall be available
from the offices of Euroclear and CEDEL, the Trustee, any Authenticating Agent appointed for such series of Securities and each
Paying Agent. Unless otherwise specified in such temporary global Security, any such exchange shall be made free of charge to the
beneficial owners of such temporary global Security, except that a Person receiving definitive Securities must bear the cost of
insurance, postage, transportation and the like unless such Person takes delivery of such definitive Securities in person at the
offices of Euroclear or CEDEL. Definitive Securities in bearer form to be delivered in exchange for any portion of a temporary
global Security shall be delivered only outside the United States.

 

Until exchanged in full as hereinabove
provided, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as
definitive Securities of the same series and of like tenor authenticated and delivered hereunder, except that, unless otherwise
specified as contemplated by Section 301, interest payable on a temporary global Security on an Interest Payment Date for
Securities of such series occurring prior to the applicable Exchange Date shall be payable to Euroclear and CEDEL on such Interest
Payment Date upon delivery by Euroclear and CEDEL to the Trustee of a certificate or certificates in the form set forth in Exhibit A-2
to this Indenture (or in such other forms as may be established pursuant to Section 301), for credit without further interest
on or after such Interest Payment Date to the respective accounts of Persons who are the beneficial owners of such temporary global
Security on such Interest Payment Date and who have each delivered to Euroclear or CEDEL, as the case may be, a certificate dated
no earlier than 15 days prior to the Interest Payment Date occurring prior to such Exchange Date in the form set forth as
Exhibit A-1 to this Indenture (or in such other forms as may be established pursuant to Section 301). Notwithstanding
anything to the contrary herein contained, the certifications made pursuant to this paragraph shall satisfy the certification requirements
of the preceding two paragraphs of this Section 304(B) and of the third paragraph of Section 303 of this Indenture
and the interests of the Persons who are the beneficial owners of the temporary

 

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global Security with respect to which such certification was
made will be exchanged for definitive Securities of the same series and of like tenor on the Exchange Date or the date of certification
if such date occurs after the Exchange Date, without further act or deed by such beneficial owners. Except as otherwise provided
in this paragraph, no payments of principal or interest owing with respect to a beneficial interest in a temporary global Security
will be made unless and until such interest in such temporary global Security shall have been exchanged for an interest in a definitive
Security. Any interest so received by Euroclear and CEDEL and not paid as herein provided shall be returned to the Trustee prior
to the expiration of two years after such Interest Payment Date in order to be repaid to the Company.

 

Section 305. Registration,
Registration of Transfer and Exchange.

 

The Company shall cause to be kept at the
Corporate Trust Office of the Trustee or in any office or agency of the Company in a Place of Payment a register for each series
of Securities (the registers maintained in such office or in any such office or agency of the Company in a Place of Payment being
herein sometimes referred to collectively as the “Security Register”) in which, subject to such reasonable regulations
as it may prescribe, the Company shall provide for the registration of Registered Securities and of transfers of Registered Securities.
The Security Register shall be in written form or any other form capable of being converted into written form within a reasonable
time. The Trustee is hereby initially appointed “Security Registrar” for the purpose of registering Registered Securities
and transfers of Registered Securities on such Security Register as herein provided. In the event that the Trustee shall cease
to be Security Registrar, it shall have the right to examine the Security Register at all reasonable times.

 

Subject to the provisions of this Section 305,
upon surrender for registration of transfer of any Registered Security of any series at any office or agency of the Company in
a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the
designated transferee or transferees, one or more new Registered Securities of the same series, of any authorized denominations
and of a like aggregate principal amount, bearing a number not contemporaneously outstanding, and containing identical terms and
provisions.

 

Subject to the provisions of this Section 305,
at the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series,
of any authorized denomination or denominations and of a like aggregate principal amount, containing identical terms and provisions,
upon surrender of the Registered Securities to be exchanged at any such office or agency. Whenever any such Registered Securities
are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Registered Securities
which the Holder making the exchange is entitled to receive. Unless otherwise specified with respect to any series of Securities
as contemplated by Section 301, Bearer Securities may not be issued in exchange for Registered Securities.

 

If (but only if) permitted as contemplated
by Section 301, at the option of the Holder, Bearer Securities of any series may be exchanged for Registered Securities of
the same series of any authorized denominations and of a like aggregate principal amount and tenor, upon surrender of the Bearer
Securities to be exchanged at any such office or agency, with all unmatured

 

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coupons and all matured coupons in default thereto appertaining.
If the Holder of a Bearer Security is unable to produce any such unmatured coupon or coupons or matured coupon or coupons in default,
any such permitted exchange may be effected if the Bearer Securities are accompanied by payment in funds acceptable to the Company
in an amount equal to the face amount of such missing coupon or coupons, or the surrender of such missing coupon or coupons may
be waived by the Company and the Trustee if there is furnished to them such security or indemnity as they may require to save each
of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to any Paying Agent any such missing
coupon in respect of which such a payment shall have been made, such Holder shall be entitled to receive the amount of such payment;
provided, however, that interest represented by coupons shall be payable only upon presentation and surrender of those coupons
at an office or agency located outside the United States. Notwithstanding the foregoing, in case a Bearer Security of any series
is surrendered at any such office or agency in a permitted exchange for a Registered Security of the same series and like tenor
after the close of business at such office or agency on (i) any Regular Record Date and before the opening of business at
such office or agency on the relevant Interest Payment Date, or (ii) any Special Record Date and before the opening of business
at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered
without the coupon relating to such Interest Payment Date or proposed date for payment, as the case may be, and interest or Defaulted
Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be,
in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such
coupon when due in accordance with the provisions of this Indenture. Whenever any Securities are so surrendered for exchange, the
Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the holder making the exchange is entitled
to receive.

 

Notwithstanding the foregoing, except as
otherwise specified as contemplated by Section 301, any permanent global Security shall be exchangeable only as provided in
this paragraph. If the depositary for any permanent global Security is DTC, then, unless the terms of such global Security expressly
permit such global Security to be exchanged in whole or in part for definitive Securities, a global Security may be transferred,
in whole but not in part, only to a nominee of DTC, or by a nominee of DTC to DTC, or to a successor to DTC for such global Security
selected and approved by the Company or to a nominee of such successor to DTC. If at any time DTC notifies the Company that it
is unwilling or unable to continue as depositary for the applicable global Security or Securities or if at any time DTC ceases
to be a clearing agency registered under the Exchange Act if so required by applicable law or regulation, the Company shall appoint
a successor depositary with respect to such global Security or Securities. If (x) a successor depositary for such global Security
or Securities is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such
unwillingness, inability or ineligibility, (y) an Event of Default has occurred and is continuing and the beneficial owners
representing at least a majority in principal amount of the applicable series of Securities represented by such global Security
or Securities advise DTC to cease acting as depositary for such global Security or Securities or (z) the Company, in its sole
discretion, determines at any time that all Outstanding Securities (but not less than all) of any series issued or issuable in
the form of one or more global Securities shall no longer be represented by such global Security or Securities (provided, however,
the Company may not make such determination during the

 

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40-day restricted period provided by Regulation S under
the Securities Act or during any other similar period during which the Securities must be held in global form as may be required
by the Securities Act), then the Company shall execute, and the Trustee shall authenticate and deliver definitive Securities of
like series, rank, tenor and terms in definitive form in an aggregate principal amount equal to the principal amount of such global
Security or Securities. If any beneficial owner of an interest in a permanent global Security is otherwise entitled to exchange
such interest for Securities of such series and of like tenor and principal amount of another authorized form and denomination,
as specified as contemplated by Section 301 and provided that any applicable notice provided in the permanent global Security
shall have been given, then without unnecessary delay but in any event not later than the earliest date on which such interest
may be so exchanged, the Company shall execute, and the Trustee shall authenticate and deliver definitive Securities in aggregate
principal amount equal to the principal amount of such beneficial owner’s interest in such permanent global Security. On
or after the earliest date on which such interests may be so exchanged, such permanent global Security shall be surrendered for
exchange by DTC or such other depositary as shall be specified in the Company Order with respect thereto to the Trustee, as the
Company’s agent for such purpose; provided, however, that no such exchanges may occur during a period beginning at the opening
of business 15 days before any selection of Securities to be redeemed and ending on the relevant Redemption Date if the Security
for which exchange is requested may be among those selected for redemption; and provided further that no Bearer Security delivered
in exchange for a portion of a permanent global Security shall be mailed or otherwise delivered to any location in the United States.
If a Registered Security is issued in exchange for any portion of a permanent global Security after the close of business at the
office or agency where such exchange occurs on (i) any Regular Record Date and before the opening of business at such office
or agency on the relevant Interest Payment Date, or (ii) any Special Record Date and the opening of business at such office
or agency on the related proposed date for payment of Defaulted Interest, interest or Defaulted Interest, as the case may be, will
not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security,
but will be payable on such Interest Payment Date or proposed date for payment, as the case may be, only to the Person to whom
interest in respect of such portion of such permanent global Security is payable in accordance with the provisions of this Indenture.

 

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

 

Every Registered Security presented or
surrendered for registration of transfer or for exchange or redemption shall be duly endorsed, or be accompanied by a written instrument
of transfer in form satisfactory to the Security Registrar, duly executed by the Holder thereof or his attorney duly authorized
in writing.

 

No service charge shall be made for any
registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other
than exchanges pursuant to Section 304, 906, 1107 or 1305 not involving any transfer.

 

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The Company or the Trustee, as applicable,
shall not be required (i) to issue, register the transfer of or exchange any Security if such Security may be among those
selected for redemption during a period beginning at the opening of business 15 days before selection of the Securities to
be redeemed under Section 1103 and ending at the close of business on (A) if such Securities are issuable only as Registered
Securities, the day of the mailing of the relevant notice of redemption and (B) if such Securities are issuable as Bearer
Securities, the day of the first publication of the relevant notice of redemption or, if such Securities are also issuable as Registered
Securities and there is no publication, the mailing of the relevant notice of redemption, or (ii) to register the transfer
of or exchange any Registered Security so selected for redemption in whole or in part, except, in the case of any Registered Security
to be redeemed in part, the portion thereof not to be redeemed, or (iii) to exchange any Bearer Security so selected for redemption
except that such a Bearer Security may be exchanged for a Registered Security of that series and like tenor; provided that such
Registered Security shall be simultaneously surrendered for redemption, or (iv) to issue, register the transfer of or exchange
any Security which has been surrendered for repayment at the option of the Holder, except the portion, if any, of such Security
not to be so repaid.

 

Section 306. Mutilated, Destroyed,
Lost and Stolen Securities.

 

If any mutilated Security or a Security
with a mutilated coupon appertaining to it is surrendered to the Trustee or the Company, together with, in proper cases, such security
or indemnity as may be required by the Company or the Trustee to save each of them or any agent of either of them harmless, the
Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and
principal amount, containing identical terms and provisions and bearing a number not contemporaneously outstanding, with coupons
corresponding to the coupons, if any, appertaining to the surrendered Security.

 

If there shall be delivered to the Company
and to the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security or coupon, and (ii) such
security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence
of actual notice to the Company or the Trustee that such Security or coupon has been acquired by a bona fide purchaser, the Company
shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security
or in exchange for the Security to which a destroyed, lost or stolen coupon appertains (with all appurtenant coupons not destroyed,
lost or stolen), a new Security of the same series and principal amount, containing identical terms and provisions and bearing
a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to such destroyed,
lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains.

 

Notwithstanding the provisions of the previous
two paragraphs, in case any such mutilated, destroyed, lost or stolen Security or coupon has become or is about to become due and
payable, the Company in its discretion may, instead of issuing a new Security, with coupons corresponding to the coupons, if any,
appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains,
pay such Security or coupon; provided, however, that payment of principal of (and premium or Make-Whole Amount, if any), any interest
on and any Additional Amounts with respect to, Bearer Securities shall

 

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be payable only at an office or agency located outside the United
States and, unless otherwise specified as contemplated by Section 301, any interest on Bearer Securities shall be payable
only upon presentation and surrender of the coupons appertaining thereto.

 

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

 

Every new Security of any series with its
coupons, if any, issued pursuant to this Section in lieu of any destroyed, lost or stolen Security, or in exchange for a Security
to which a destroyed, lost or stolen coupon appertains, shall constitute an original additional contractual obligation of the Company,
whether or not the destroyed, lost or stolen Security and its coupons, if any, or the destroyed, lost or stolen coupon shall be
at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities of that series and their coupons, if any, duly issued hereunder.

 

The provisions of this Section are
exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Securities or coupons.

 

Section 307. Payment of Interest;
Interest Rights Preserved.

 

Except as otherwise specified with respect
to a series of Securities in accordance with the provisions of Section 301, interest on any Registered Security that is payable,
and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security
(or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at
the office or agency of the Company; provided, however, that each installment of interest on any Registered Security may at the
Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person
entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Security Register or (ii) transfer
to an account maintained by the payee located inside the United States.

 

Unless otherwise provided as contemplated
by Section 301 with respect to the Securities of any series, payment of interest may be made, in the case of a Bearer Security,
by transfer to an account maintained by the payee with a bank located outside the United States.

 

Unless otherwise provided as contemplated
by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will
be paid to DTC, Euroclear and/or CEDEL, as the case may be, with respect to that portion of such permanent global Security held
for its account by Cede & Co. or the Common Depositary, as the case may be, for the purpose of permitting such party to
credit the interest received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof.

 

In case a Bearer Security of any series
is surrendered in exchange for a Registered Security of such series after the close of business (at an office or agency in a Place
of Payment

 

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for such series) on any Regular Record Date and before the opening
of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered
without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect
of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when
due in accordance with the provisions of this Indenture.

 

Except as otherwise specified with respect
to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any
series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted
Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue
of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in
clause (A) or (B) below:

 

(1) The Company may elect to make payment
of any Defaulted Interest to the Persons in whose names the Registered Securities of such series (or their respective Predecessor
Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which
shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed
to be paid on each Registered Security of such series and the date of the proposed payment (which shall not be less than 20 days
after such notice is received by the Trustee), and at the same time the Company shall deposit with the Trustee an amount of money
in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series
are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) equal to the aggregate
amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such
deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons
entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment
of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed
payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall
promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice
of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid,
to each Holder of Registered Securities of such series at his address as it appears in the Security Register not less than 10 days
prior to such Special Record Date. The Trustee may, in its discretion, in the name and at the expense of the Company, cause a similar
notice to be published at least once in an Authorized Newspaper in each place of payment, but such publications shall not be a
condition precedent to the establishment of such Special Record Date. Notice of the proposed payment of such Defaulted Interest
and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose
names the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business
on such Special Record Date and shall no longer be payable pursuant to the following clause (B). In case a Bearer Security of any
series is surrendered at the office or agency in a Place of Payment for such series in exchange for

 

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a Registered Security of such series after the close of business
at such office or agency on any Special Record Date and before the opening of business at such office or agency on the related
proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such
proposed date of payment and Defaulted Interest will not be payable on such proposed date of payment in respect of the Registered
Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance
with the provisions of this Indenture.

 

(2) The Company may make payment of
any Defaulted Interest on the Registered Securities of any series in any other lawful manner not inconsistent with the requirements
of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if,
after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall
be deemed practicable by the Trustee.

 

Subject to the foregoing provisions of
this Section and Section 305, each Security delivered under this Indenture upon registration of transfer of or in exchange
for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by
such other Security.

 

Section 308. Persons Deemed
Owners.

 

Prior to due presentment of a Registered
Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person
in whose name such Registered Security is registered as the owner of such Security for the purpose of receiving payment of principal
of (and premium or Make-Whole Amount, if any), and (subject to Sections 305 and 307) interest on, such Registered Security
and for all other purposes whatsoever, whether or not such Registered Security be overdue, and neither the Company, the Trustee
nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

 

Title to any Bearer Security and any coupons
appertaining thereto shall pass by delivery. The Company, the Trustee and any agent of the Company or the Trustee may treat the
Holder of any Bearer Security and the Holder of any coupon as the absolute owner of such Security or coupon for the purpose of
receiving payment thereof or on account thereof and for all other purposes whatsoever, whether or not such Security or coupon be
overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

 

None of the Company, the Trustee, any Paying
Agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments
made on account of beneficial ownership interests of a Security in global form or for maintaining, supervising or reviewing any
records relating to such beneficial ownership interests.

 

Notwithstanding the foregoing, with respect
to any global Security, 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 any depositary, as a

 

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Holder, with respect to such global Security or impair, as between
such depositary and owners of beneficial interests in such global Security, the operation of customary practices governing the
exercise of the rights of such depositary (or its nominee) as Holder of such global Security.

 

Section 309. Cancellation.

 

All Securities and coupons surrendered
for payment, redemption, repayment at the option of the Holder, registration of transfer or exchange or for credit against any
sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such Securities
and coupons and Securities and coupons surrendered directly to the Trustee for any such purpose shall be promptly cancelled by
it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder
which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery
to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and
all Securities so delivered shall be promptly cancelled by the Trustee. If the Company shall so acquire any of the Securities,
however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities
unless and until the same are surrendered to the Trustee for cancellation. No Securities shall be authenticated in lieu of or in
exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. Cancelled Securities
and coupons held by the Trustee shall be destroyed by the Trustee and the Trustee shall deliver a certificate of such destruction
to the Company, unless by a Company Order the Company directs their return to it.

 

Section 310. Computation of
Interest.

 

Except as otherwise specified as contemplated
by Section 301 with respect to Securities of any series, interest on the Securities of each series shall be computed on the
basis of a 360- day year consisting of twelve 30-day months.

 

ARTICLE FOUR

SATISFACTION AND DISCHARGE

 

Section 401. Satisfaction and
Discharge of Indenture.

 

This Indenture shall upon Company Request
cease to be of further effect with respect to any series of Securities specified in such Company Request (except as to any surviving
rights of registration of transfer or exchange of Securities of such series herein expressly provided for and any right to receive
Additional Amounts, as provided in Section 1004), and the Trustee, upon receipt of a Company Order, and at the expense of
the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series when

 

(1) either

 

(i) all Securities of such series
theretofore authenticated and delivered and all coupons, if any, appertaining thereto (other than (i) coupons appertaining
to Bearer Securities surrendered for exchange for

 

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Registered Securities and maturing after such exchange, whose
surrender is not required or has been waived as provided in Section 305, (ii) Securities and coupons of such series which
have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306, (iii) coupons appertaining
to Securities called for redemption and maturing after the relevant Redemption Date, whose surrender has been waived as provided
in Section 1106, and (iv) Securities and coupons of such series for whose payment money has theretofore been deposited
in trust or segregated and held in trust by the Company and thereafter repaid to the Company for discharge from such trust) have
been delivered to the Trustee for cancellation; or

 

(ii) all Securities of such series
and, in the case of (i) and (ii) below, any coupons appertaining thereto not theretofore delivered to the Trustee for
cancellation (i) have become due and payable, or (ii) will become due and payable at their Stated Maturity within one
year, or (iii) if redeemable at the option of the Company, are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company,
and the Company, in the case of (i), (ii) or (iii) above, has irrevocably deposited or caused to be deposited with the
Trustee as trust funds in trust for the purpose an amount in the currency or currencies, currency unit or units or composite currency
or currencies in which the Securities of such series are payable, sufficient to pay and discharge the entire indebtedness on such
Securities and such coupons not theretofore delivered to the Trustee for cancellation, for principal (and premium or Make-Whole
Amount, if any) and interest, and any Additional Amounts with respect thereto, to the date of such deposit (in the case of Securities
which have become due and payable) or the Stated Maturity or Redemption Date, as the case may be;

 

(2) The Company has paid or caused
to be paid all other sums payable hereunder by the Company; and

 

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

 

Notwithstanding the satisfaction and discharge of this Indenture,
the obligations of the Company to the Trustee and any predecessor Trustee under Section 606, the obligations of the Company
to any Authenticating Agent under Section 611 and, if money shall have been deposited with and held by the Trustee pursuant
to subclause (2) of clause (A) of this Section, the obligations of the Trustee under Section 402, shall survive.

 

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Section 402. Application of
Company Funds.

 

All money deposited with the Trustee pursuant
to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities, the coupons
and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying
Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium or Make-Whole Amount, if any),
and any interest and Additional Amounts for whose payment such money has been deposited with or received by the Trustee, but such
money need not be segregated from other funds except to the extent required by law.

 

ARTICLE FIVE

REMEDIES

 

Section 501. Events of Default.

 

Subject to any modifications, additions
or deletions relating to any series of Securities as contemplated pursuant to Section 301, “Event of Default,”
wherever used herein with respect to any particular series of Securities, means any one of the following events (whatever the reason
for such Event of Default and whether or not it shall be voluntary or involuntary or be effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

 

(1) default in the payment of any interest
upon or any Additional Amounts payable in respect of any Security of or within that series or of any coupon appertaining thereto,
when such interest, Additional Amounts or coupon becomes due and payable, and continuance of such default for a period of 30 days;
or

 

(2) default in the payment of the principal
of (or premium or Make-Whole Amount, if any, on) any Security of that series when it becomes due and payable at its Maturity; or

 

(3) default in the deposit of any sinking
fund payment, when and as due by the terms of any Security of that series; or

 

(4) default in the performance, or
breach, of any covenant or warranty of the Company in this Indenture with respect to any Security of that series (other than a
covenant or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with),
and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail,
to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding
Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such
notice is a “Notice of Default” hereunder; or

 

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(5) the Company or any Significant
Subsidiary pursuant to or within the meaning of any Bankruptcy Law:

 

(i) commences a voluntary case,

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

(iii) consents to the appointment
of a Custodian of it or for all or substantially all of its property, or

(iv) makes a general assignment for
the benefit of its creditors; or

 

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

 

(i) is for relief against the Company
or any Significant Subsidiary in an involuntary case,

(ii) appoints a Custodian of the Company
or any Significant Subsidiary or for all or substantially all of either of its property, or

(iii) orders the liquidation of the
Company or any Significant Subsidiary and the order or decree remains unstayed and in effect for 90 days; or

 

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(7) any other Event of Default provided
with respect to Securities of that series.

 

As used in this Section 501, the term
“Bankruptcy Law” means Title 11, U.S. Code or any similar Federal or state law for the relief of debtors and the term
“Custodian” means any receiver, trustee, assignee, liquidator or other similar official under any Bankruptcy Law.

 

Section 502. Acceleration of
Maturity; Rescission and Annulment.

 

If an Event of Default with respect to
Securities of any series at the time Outstanding occurs and is continuing, then and in every such case the Trustee or the Holders
of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal (or, if any Securities
are Original Issue Discount Securities or Indexed Securities, such portion of the principal as may be specified in the terms thereof)
of, and the Make-Whole Amount, if any, on, all the Securities of that series to be due and payable immediately, by a notice in
writing to the Company (and to the Trustee if given by the Holders), and upon any such declaration such principal or specified
portion thereof shall become immediately due and payable.

 

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

 

(1) The Company has paid or deposited
with the Trustee a sum sufficient to pay in the currency, currency unit or composite currency in which the Securities of such series
is payable (except as otherwise specified pursuant to Section 301 for the Securities of such series):

 

(i) all overdue installments of interest
on and any Additional Amounts payable in respect of all Outstanding Securities of that series and any related coupons;

 

(ii) the principal of (and premium
or Make-Whole Amount, if any, on) any Outstanding Securities of that series which have become due otherwise than by such declaration
of acceleration and interest thereon at the rate or rates borne by or provided for in such Securities;

 

(iii) to the extent that payment of
such interest is lawful, interest upon overdue installments of interest and any Additional Amounts at the rate or rates borne by
or provided for in such Securities; and

 

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

 

(2) all Events of Default with respect
to Securities of that series, other than the nonpayment of the principal of (or premium or Make-Whole Amount, if any) or

 

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interest on Securities of that series which have become due
solely by such declaration of acceleration, have been cured or waived as provided in Section 513.

 

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

 

Section 503. Collection of
Indebtedness and Suits for Enforcement by Trustee.

 

The Company covenants that if:

 

(1) default is made in the payment
of any installment of interest or Additional Amounts, if any, on any Security of any series and any related coupon when such interest
or Additional Amount becomes due and payable and such default continues for a period of 30 days, or

 

(2) default is made in the payment
of the principal of (or premium or Make-Whole Amount, if any, on) any Security of any series at its Maturity, then the Company
will, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of such Securities of such series and coupons,
the whole amount then due and payable on such Securities and coupons for principal (and premium or Make-Whole Amount, if any) and
interest and Additional Amounts, with interest upon any overdue principal (and premium or Make-Whole Amount, if any) and, to the
extent that payment of such interest shall be legally enforceable, upon any overdue installments of interest or Additional Amounts,
if any, at the rate or rates borne by or provided for in such Securities, and, in addition thereto, such further amount as shall
be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel.

 

If the Company fails to pay such amounts
forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding
for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce
the same against the Company or any other obligor upon such Securities of such series 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 such Securities of such
series, wherever situated.

 

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

 

Section 504. Trustee May File
Proofs of Claim.

 

In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative
to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors,
the Trustee (irrespective of whether the principal of the Securities

 

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of any series 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 or Make-Whole Amount, if any, or interest) shall be entitled and empowered, by intervention in such
proceeding or otherwise:

 

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

 

(2) to collect and receive any moneys
or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee,
trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each Holder
of Securities of such series and coupons to make such payments to the Trustee, and in the event that the Trustee shall consent
to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation,
expenses, disbursements and advances of the Trustee and any predecessor Trustee, their agents and counsel, and any other amounts
due the Trustee or any predecessor Trustee under Section 606.

 

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

 

Section 505. Trustee May Enforce
Claims Without Possession of Securities or Coupons.

 

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

 

Section 506. Application of
Money Collected.

 

Any money collected by the Trustee pursuant
to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution
of such money on account of principal (or premium or Make-Whole Amount, if any) or interest and any Additional Amounts, upon presentation
of the Securities or coupons, or both, as the case may be,

 

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and the notation thereon of the payment if only partially paid
and upon surrender thereof if fully paid:

 

FIRST: To the payment of all amounts due
the Trustee and any predecessor Trustee under Section 606,

 

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

 

THIRD: To the payment of the remainder,
if any, to the Company.

 

Section 507. Limitation on
Suits.

 

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

 

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

 

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

 

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

 

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

 

(5) no direction inconsistent with
such written request has been given to the Trustee during such 60-day period by the Holders of at least a majority in principal
amount of the Outstanding Securities of that series; it being understood and intended that no one or more of such Holders shall
have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice
the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders
or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all
such Holders.

 

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Section 508. Unconditional
Right of Holders to Receive Principal, Premium or Make- Whole Amount, if any, Interest and Additional Amounts.

 

Notwithstanding any other provision in
this Indenture, the Holder of any Security or coupon shall have the right which is absolute and unconditional to receive payment
of the principal of (and premium or Make-Whole Amount, if any) and (subject to Sections 305 and 307) interest on, and any
Additional Amounts in respect of, such Security or payment of such coupon on the respective due dates expressed in such Security
or coupon (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 509. Restoration of
Rights and Remedies.

 

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

 

Section 510. Rights and Remedies
Cumulative.

 

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

 

Section 511. Delay or Omission
Not Waiver.

 

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

 

Section 512. Control by Holders
of Securities.

 

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

 

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

 

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

 

(3) the Trustee need not take any action
unless such Holders have offered the Trustee reasonable indemnity or which might be unduly prejudicial to the Holders of Securities
of such series not joining therein (but the Trustee shall have no obligation as to the determination of such undue prejudice).

 

Section 513. Waiver of Past
Defaults.

 

The Holders of at least a majority in principal
amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series and any related
coupons waive any past default hereunder with respect to such series and its consequences, except a default

 

(1) in the payment of the principal
of (or premium or Make-Whole Amount, if any) or interest on or Additional Amounts payable in respect of any Security of such series
or any related coupons, or

 

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

 

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

 

Section 514. Undertaking for
Costs.

 

All parties to this Indenture agree, and
each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require,
in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action
taken or omitted by it as Trustee, the filing by any party litigant in such suit of any

 

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undertaking to pay the costs of such suit, and that such court
may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit
having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this
Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders,
holding in the aggregate more than 10% in principal amount of the Outstanding Securities, or to any suit instituted by any Holder
for the enforcement of the payment of the principal of (or premium or Make-Whole Amount, if any) or interest on or Additional Amounts
payable with respect to any Security on or after the respective Stated Maturities expressed in such Security (or, in the case of
redemption, on or after the Redemption Date).

 

ARTICLE SIX

THE TRUSTEE

 

Section 601. Notice of Defaults.

 

Within 90 days after the occurrence
of any default hereunder with respect to the Securities of any series, the Trustee shall transmit in the manner and to the extent
provided in TIA Section 313(c), notice of such default hereunder known to the Trustee, unless such default shall have been
cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium or Make-Whole
Amount, if any) or interest on or any Additional Amounts with respect to any Security of such series, or in the payment of any
sinking fund installment with respect to the Securities of such series, the Trustee shall be protected in withholding such notice
if and so long as Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests
of the Holders of the Securities and coupons of such series; and provided further that in the case of any default or breach of
the character specified in Section 501(D) with respect to the Securities and coupons of such series, no such notice to
Holders shall be given until at least 60 days after the occurrence thereof. For the purpose of this Section, the term “default”
means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to the Securities
of such series.

 

Section 602. Certain Rights
of Trustee.

 

Subject to the provisions of TIA Section 315(a) through
315(d):

 

(1) the Trustee shall perform only
such duties as are expressly undertaken by it to perform under this Indenture;

 

(2) 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, coupon or other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or parties;

 

(3) any request or direction of the
Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order (other than delivery of any Security,
together with any coupons appertaining thereto, to the Trustee for

 

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authentication and delivery pursuant to Section 303 which
shall be sufficiently evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently evidenced
by a Board Resolution;

 

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

 

(5) the Trustee may consult with counsel
and as a condition to the taking, suffering or omission of any action hereunder may demand an Opinion of Counsel, and the advice
of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken,
suffered or omitted by it hereunder in good faith and in reliance thereon;

 

(6) the Trustee shall be under no obligation
to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders of Securities
of any series or any related coupons pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable
security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with such request
or direction;

 

(7) the Trustee shall not be bound
to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document, but the Trustee, in its discretion,
may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine
to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney;

 

(8) 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

 

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

 

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 603. Not Responsible
for Recitals or Issuance of Securities.

 

The recitals contained herein and in the
Securities, except the Trustee’s certificate of authentication, and in any coupons shall be taken as the statements of the
Company, and neither

 

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the Trustee nor any Authenticating Agent assumes any responsibility
for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities
or coupons, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the
Securities and perform its obligations hereunder. Neither the Trustee nor any Authenticating Agent shall be accountable for the
use or application by the Company of Securities or the proceeds thereof.

 

Section 604. May Hold
Securities.

 

The Trustee, any Paying Agent, Security
Registrar, Authenticating Agent or any other agent of the Company, in its individual or any other capacity, may become the owner
or pledgee of Securities and coupons and, subject to TIA Sections 310(b) and 311, may otherwise deal with the Company with
the same rights it would have if it were not Trustee, Paying Agent, Security Registrar, Authenticating Agent or such other agent.

 

Section 605. Money Held in
Trust.

 

Money held by the Trustee in trust hereunder
need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest
on, or investment of, any money received by it hereunder.

 

Section 606. 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, including extraordinary services rendered in connection
with or during the continuation of a default 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 each of the Trustee and any predecessor Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by it in accordance with any provision of this Indenture (including the reasonable compensation and
the expenses and disbursements of its agents and counsel), except to the extent any such expense, disbursement or advance may be
attributable to its negligence or bad faith; and

 

(3) to indemnify each of the Trustee
and any predecessor Trustee for, and to hold it harmless against, any loss, liability or expense, arising out of or in connection
with the acceptance or administration of the trust or trusts or the performance of its duties hereunder, 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 except to the extent any such loss, liability or expense may be attributable to its own negligence or bad faith.

 

As security for the performance of the
obligations of the Company under this Section, the Trustee shall have a lien prior to the Securities upon all property and funds
held or collected by

 

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the Trustee as such, except funds held in trust for the payment
of principal of (or premium or Make-Whole Amount, if any) or interest on particular Securities or any coupons.

 

The provisions of this Section shall
survive the termination of this Indenture.

 

Section 607. Corporate Trustee
Required; Eligibility; Conflicting Interests.

 

There shall at all times be a Trustee hereunder
which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of
at least $25,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or the requirements
of Federal, State, Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section,
the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions
of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

 

Section 608. Resignation and
Removal; Appointment of Successor.

 

(1) No resignation or removal of the
Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of
appointment by the successor Trustee in accordance with the applicable requirements of Section 609.

 

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

 

(3) The Trustee may be removed at any
time with respect to the Securities of any series by Act of the Holders of at least a majority in principal amount of the Outstanding
Securities of such series delivered to the Trustee and to the Company.

 

(4) If at any time:

 

(i) the Trustee shall fail to comply
with the provisions of TIA Section 310(b) after written request therefor by the Company or by any Holder of a Security
who has been a bona fide Holder of a Security for at least six months, or

 

(ii) the Trustee shall cease to be
eligible under Section 607 and shall fail to resign after written request therefor by the Company or by any Holder of a Security
who has been a bona fide Holder of a Security for at least six months, or

 

(iii) the Trustee shall become incapable
of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its

 

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property shall be appointed or any public officer shall take
charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation,then,
in any such case, (i) the Company by or pursuant to a Board Resolution may remove the Trustee and appoint a successor Trustee
with respect to all Securities, or (ii) subject to TIA Section 315(e), any Holder of a Security who has been a bona fide
Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee
or Trustees.

 

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

 

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

 

Section 609. Acceptance of
Appointment By Successor.

 

(1) In case of the appointment hereunder
of a successor Trustee with respect to all Securities, every such successor Trustee 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

 

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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, subject nevertheless to its claim, if any, provided for
in Section 606.

 

(2) In case of the appointment hereunder
of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and
each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental
hereto, pursuant to Article Nine hereof, wherein each successor Trustee shall accept such appointment and which (i) shall
contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all
the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates, (ii) if the retiring Trustee is not retiring with respect to all Securities,
shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring
shall continue to be vested in the retiring Trustee, and (iii) shall add to or change any of the provisions of this Indenture
as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and
that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered
by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the
retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act,
deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company
or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property
and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment
of such successor Trustee relates.

 

(3) Upon request of any such successor
Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor
Trustee all such rights, powers and trusts referred to in paragraph (1) or (2) of this Section, as the case may be.

 

(4) 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.

 

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Section 610. 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, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In
case any Securities or coupons shall have been authenticated, but not delivered, by the Trustee then in office, any successor by
merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities or
coupons so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities or coupons.
In case any Securities or coupons shall not have been authenticated by such predecessor Trustee, any such successor Trustee may
authenticate and deliver such Securities or coupons, in either its own name or that of its predecessor Trustee, with the full force
and effect which this Indenture provides for the certificate of authentication of the Trustee.

 

Section 611. Appointment of
Authenticating Agent.

 

At any time when any of the Securities
remain Outstanding, the Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities
which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, registration
of transfer or partial redemption or repayment thereof, and Securities so authenticated shall be entitled to the benefits of this
Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment
shall be evidenced by an instrument in writing signed by a Responsible Officer of the Trustee, a copy of which instrument shall
be promptly furnished to the Company. Wherever reference is made in this Indenture to the authentication and delivery of Securities
by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and
delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee
by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and, except as may otherwise be provided
pursuant to Section 301, shall at all times be a bank or trust company or corporation organized and doing business and in
good standing under the laws of the United States of America or of any State or the District of Columbia, authorized under such
laws to act as Authenticating Agent, having a combined capital and surplus of not less than $25,000,000 and subject to supervision
or examination by Federal or State authorities. If such Authenticating Agent publishes reports of condition at least annually,
pursuant to law or the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section,
the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth
in its most recent report of condition so published. In case at any time an Authenticating Agent shall cease to be eligible in
accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect
specified in this Section.

 

Any corporation into which an Authenticating
Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion
or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding

 

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to the corporate agency or corporate trust business of an Authenticating
Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section,
without the execution or filing of any paper or further act on the part of the Trustee or the Authenticating Agent.

 

An Authenticating Agent for any series
of Securities may at any time resign by giving written notice of resignation to the Trustee for such series and to the Company.
The Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by giving written notice
of termination to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination,
or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section,
the Trustee for such series may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give
notice of such appointment to all Holders of Securities of or within the series with respect to which such Authenticating Agent
will serve in the manner set forth in Section 106. Any successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named
as an Authenticating Agent herein. No successor Authenticating Agent shall be appointed unless eligible under the provisions of
this Section.

 

The Company agrees to pay to each Authenticating
Agent from time to time reasonable compensation including reimbursement of its reasonable expenses for its services under this
Section.

 

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

 

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

 

	 	                                                                 ,
	 	as Trustee
	 	 
	 	By	 
	 	 	as Authenticating Agent
	 	 	 
	 	By:	 
	 	 	Authorized Officer

 

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ARTICLE SEVEN

HOLDERS’ LISTS AND REPORTS BY TRUSTEE
AND

COMPANY

 

Section 701. Disclosure of
Names and Addresses of Holders.

 

Every Holder of Securities or coupons,
by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any Authenticating
Agent nor any Paying Agent nor any Security Registrar shall be held accountable by reason of the disclosure of any information
as to the names and addresses of the Holders of Securities in accordance with TIA Section 312, 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 TIA Section 312(b).

 

Section 702. Reports by Trustee.

 

Within 60 days after April 1
of each year commencing with the first April 1 after the first issuance of Securities pursuant to this Indenture, the Trustee
shall transmit by mail to all Holders of Securities as provided in TIA Section 313(c) a brief report dated as of such
April 1 if required by TIA Section 313(a).

 

Section 703. Reports by the
Company.

 

The Company will:

 

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

 

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

 

(3) transmit by mail to the Holders
of Securities, within 30 days after the filing thereof with the Trustee, in the manner and to the extent provided in TIA Section 313(c),
such summaries of any information, documents and reports required to be filed by the Company pursuant to paragraphs (A) and
(B) of this Section as may be required by rules and regulations prescribed from time to time by the Commission.

 

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Section 704. Company to Furnish
Trustee Names and Addresses of Holders.

 

The Company will furnish or cause to be
furnished to the Trustee:

 

(1) semi-annually, not later than 15 days
after the Regular Record Date for interest for each series of Securities, a list, in such form as the Trustee may reasonably require,
of the names and addresses of the Holders of Registered Securities of such series as of such Regular Record Date, or if there is
no Regular Record Date for interest for such series of Securities, semi-annually, upon such dates as are set forth in the Board
Resolution or indenture supplemental hereto authorizing such series, and

 

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

 

ARTICLE EIGHT

CONSOLIDATION, MERGER, SALE, LEASE OR

CONVEYANCE

 

Section 801. Consolidations
and Mergers of Company and Sales, Leases and Conveyances Permitted Subject to Certain Conditions.

 

The Company may consolidate with, or sell,
lease or convey all or substantially all of its assets to, or merge with or into any other Person, provided that in any such case,
(i) either the Company shall be the continuing entity, or the successor (if other than the Company) entity shall be a Person
organized and existing under the laws of the United States, a State thereof or the District of Columbia and such successor entity
shall expressly assume the due and punctual payment of the principal of (and premium or Make-Whole Amount, if any) and any interest
(including all Additional Amounts, if any, payable pursuant to Section 1011) on all of the Securities, according to their
tenor, and the due and punctual performance and observance of all of the covenants and conditions of this Indenture to be performed
by the Company by supplemental indenture, complying with Article Nine hereof, satisfactory to the Trustee, executed and delivered
to the Trustee by such Person and (ii) immediately after giving effect to such transaction and treating any indebtedness which
becomes an obligation of the Company or any Subsidiary as a result thereof as having been incurred by the Company or such Subsidiary
at the time of such transaction, no Event of Default, and no event which, after notice or the lapse of time, or both, would become
an Event of Default, shall have occurred and be continuing.

 

Section 802. Rights and Duties
of Successor Corporation.

 

In case of any such consolidation, merger,
sale, lease or conveyance and upon any such assumption by the successor entity, such successor entity shall succeed to and be substituted
for the Company, with the same effect as if it had been named herein as the party of the first part, and the predecessor entity,
except in the event of a lease, shall be relieved of any further obligation under this Indenture and the Securities. Such successor
entity thereupon may cause to

 

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be signed, and may issue either in its own name or in the name
of the Company, any or all of the Securities issuable hereunder which theretofore shall not have been signed by the Company and
delivered to the Trustee; and, upon the order of such successor entity, instead of the Company, and subject to all the terms, conditions
and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver any Securities which previously
shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities which
such successor entity thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the Securities so
issued shall in all respects have the same legal rank and benefit under this Indenture as the Securities theretofore or thereafter
issued in accordance with the terms of this Indenture as though all of such Securities had been issued at the date of the execution
hereof.

 

In case of any such consolidation, merger,
sale, lease or conveyance, such changes in phraseology and form (but not in substance) may be made in the Securities thereafter
to be issued as may be appropriate.

 

Section 803. Officers’
Certificate and Opinion of Counsel.

 

Any consolidation, merger, sale, lease
or conveyance permitted under Section 801 is also subject to the condition that the Trustee receive an Officers’ Certificate
and an Opinion of Counsel to the effect that any such consolidation, merger, sale, lease or conveyance, and the assumption by any
successor entity, complies with the provisions of this Article and that all conditions precedent herein provided for relating
to such transaction have been complied with.

 

ARTICLE NINE

SUPPLEMENTAL INDENTURES

 

Section 901. Supplemental Indentures
Without Consent of Holders.

 

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

 

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

 

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

 

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

 

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expressly being included solely for the benefit of such series);
provided, however, that in respect of any such additional Events of Default such supplemental indenture may provide for a particular
period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide
for an immediate enforcement upon such default or may limit the remedies available to the Trustee upon such default or may limit
the right of the Holders of at least a majority in aggregate principal amount of that or those series of Securities to which such
additional Events of Default apply to waive such default; or

 

(4) to add to or change any of the
provisions of this Indenture to provide that Bearer Securities may be registrable as to principal, to change or eliminate any restrictions
on the payment of principal of or any premium, Make-Whole Amount or interest on Bearer Securities, to permit Bearer Securities
to be issued in exchange for Registered Securities, to permit Bearer Securities to be issued in exchange for Bearer Securities
of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated form, provided that any
such action shall not adversely affect the interests of the Holders of Securities of any series or any related coupons in any material
respect; or

 

(5) amend or supplement any of the
provisions of this Indenture, provided that any such change or elimination does not adversely affect the interests of the Holders
of Securities Outstanding in any material respect; or

 

(6) to secure the Securities; or

 

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

 

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

 

(9) to cure any ambiguity, to correct
or supplement any provision herein which may be defective or inconsistent with any other provision herein, or to make any other
provisions with respect to matters or questions arising under this Indenture which shall not be inconsistent with the provisions
of this Indenture or to make any other changes, provided that in each case, such provisions shall not adversely affect the interests
of the Holders of Securities of any series or any related coupons in any material respect; or

 

(10) to close this Indenture with respect
to the authentication and delivery of additional series of Securities or to qualify, or maintain qualification of, this Indenture
under the TIA; or

 

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(11) to supplement any of the provisions
of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and discharge of any series of Securities
pursuant to Sections 1401, 1402 and 1403; provided in each case that any such action shall not adversely affect the interests
of the Holders of Securities of such series and any related coupons or any other series of Securities in any material respect;
or

 

(12) to modify the conditions, limitations
and restrictions on the authorized amount, terms or purposes of issue, authorization and delivery of Securities.

 

Section 902. Supplemental Indentures
with Consent of Holders.

 

With the consent of the Holders of at least
a majority in principal amount of all Outstanding Securities affected by such supplemental indenture, by Act of said Holders delivered
to the Company and the Trustee, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee may enter into
an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities and any related coupons
under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding
Security affected thereby:

 

(1) change the Stated Maturity of the
principal of (or premium or Make-Whole Amount, if any, on) or any installment of principal of or interest on, any Security; or
reduce the principal amount thereof or the rate or amount of interest thereon or any Additional Amounts payable in respect thereof,
or any premium or Make-Whole Amount payable upon the redemption thereof, or change any obligation of the Company to pay Additional
Amounts pursuant to Section 1004 (except as contemplated by Section 801(i) and permitted by Section 901(A)),
or reduce the amount of the principal of an Original Issue Discount Security or Make-Whole Amount, if any, that would be due and
payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502 or the amount thereof provable
in bankruptcy pursuant to Section 504; or adversely affect any right of repayment at the option of the Holder of any Security,
or change any Place of Payment where, or the currency or currencies, currency unit or units or composite currency or currencies
in which, the principal of any Security or any premium or Make-Whole Amount or any Additional Amounts payable in respect thereof
or the interest thereon is payable; or impair the right to institute suit for the enforcement of any such payment on or after the
Stated Maturity thereof (or, in the case of redemption or repayment at the option of the Holder, on or after the Redemption Date
or the Repayment Date, as the case may be); or

 

(2) reduce the percentage in principal
amount of the Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture,
or the consent of whose Holders is required for any waiver with respect to such series (or compliance with certain provisions of
this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or reduce the requirements
of Section 1504 for quorum or voting; or

 

(3) adversely affect the right of any
Holder to convert any Securities convertible into Capital Stock; or

 

(4) modify any of the provisions of
this Section, Section 513 or Section 1005, except to increase the required percentage to effect such action or to provide
that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding
Security affected thereby.

 

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

 

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

 

Section 903. Execution of Supplemental
Indentures.

 

In executing, or accepting the additional
trusts created by, any supplemental indenture permitted by this Article or the modification thereby of the trusts created
by this Indenture, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel
stating that the execution of such supplemental indenture is authorized or permitted by this Indenture and that all conditions
precedent to the execution of such supplemental indenture have been complied with. The Trustee may, but shall not be obligated
to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture
or otherwise.

 

Section 904. Effect of Supplemental
Indentures.

 

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

 

Section 905. Conformity with
Trust Indenture Act.

 

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

 

Section 906. Reference in Securities
to Supplemental Indentures.

 

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

 

Section 907. Notice of Supplemental
Indentures.

 

Promptly after the execution by the Company
and the Trustee of any supplemental indenture pursuant to the provisions of Section 902, the Company shall give notice thereof
to the

 

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Holders of each Outstanding Security affected, in the manner
provided for in Section 106, setting forth in general terms the substance of such supplemental indenture.

 

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ARTICLE TEN

COVENANTS

 

Section 1001. Existence.

 

Subject to Article Eight, the Company
will do or cause to be done all things necessary to preserve and keep in full force and effect the existence, rights (charter and
statutory) and franchises of the Company and its Subsidiaries; provided, however, that the Company shall not be required to preserve
any right or franchise if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct
of the business of the Company and its Subsidiaries as a whole and that the loss thereof is not disadvantageous in any material
respect to the Holders of Securities of any series.

 

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Section 1002. Payment of Taxes
and Other Claims.

 

The Company will pay or discharge or cause
to be paid or discharged, before the same shall become delinquent, (1) all taxes, assessments and governmental charges levied
or imposed upon it or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary, and (2) all
lawful claims for labor, materials and supplies which, if unpaid, might by law become a lien upon the property of the Company or
any Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged
any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate
proceedings.

 

Section 1003. Statement as
to Compliance.

 

The Company will deliver to the Trustee
within 120 days after the end of each fiscal year, a brief certificate from the principal executive officer, principal financial
officer or principal accounting officer as to his or her knowledge of the Company’s compliance with all conditions and covenants
under this Indenture and, in the event of any noncompliance, specifying such noncompliance and the nature and status thereof. For
purposes of this Section 1003, such compliance shall be determined without regard to any period of grace or requirement of
notice under this Indenture.

 

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Section 1004. Additional Amounts.

 

If any Securities of a series provide for
the payment of Additional Amounts, the Company will pay to the Holder of any Security of such series or any coupon appertaining
thereto Additional Amounts as may be specified as contemplated by Section 301. Whenever in this Indenture there is mentioned,
in any context except in the case of Section 502(A), the payment of the principal of or any premium, Make-Whole Amount or
interest on, or in respect of, any Security of any series or payment of any related coupon or the net proceeds received on the
sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts
provided by the terms of such series established pursuant to Section 301 to the extent that, in such context, Additional Amounts
are, were or would be payable in respect thereof pursuant to such terms and express mention of the payment of Additional Amounts
(if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where
such express mention is not made.

 

Except as otherwise specified as contemplated
by Section 301, if the Securities of a series provide for the payment of Additional Amounts, at least 10 days prior to
the first Interest Payment Date with respect to that series of Securities (or if the Securities of that series will not bear interest
prior to Maturity, the first day on which a payment of principal and any premium is made), and at least 10 days prior to each
date of payment of principal and any premium or Make-Whole Amount or interest if there has been any change with respect to the
matters set forth in the below-mentioned Officers’ Certificate, the Company will furnish the Trustee and the Company’s
principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee
and such Paying Agent or Paying Agents whether such payment of principal of and any premium or interest on the Securities of that
series shall be made to Holders of Securities of that series or any related coupons who are not United States persons without withholding
for or on account of any tax, assessment or other governmental charge described in the Securities of or within the series. If any
such withholding shall be required, then such Officers’ Certificate shall specify by country the amount, if any, required
to be withheld on such payments to such Holders of Securities of that series or related coupons and the Company will pay to the
Trustee or such Paying Agent the Additional Amounts required by the terms of such Securities. In the event that the Trustee or
any Paying Agent, as the case may be, shall not so receive the above-mentioned certificate, then the Trustee or such Paying Agent
shall be entitled (i) to assume that no such withholding or deduction is required with respect to any payment of principal
or interest with respect to any Securities of a series or related coupons until it shall have received a certificate advising otherwise
and (ii) to make all payments of principal and interest with respect to the Securities of a series or related coupons without
withholding or deductions until otherwise advised. The Company covenants to indemnify the Trustee and any Paying Agent for, and
to hold them harmless against, any loss, liability or expense reasonably incurred without negligence or bad faith on their part
arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished
pursuant to this Section or in reliance on the Company’s not furnishing such an Officers’ Certificate.

 

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Section 1005. Waiver of Certain
Covenants.

 

The Company may omit in any particular
instance to comply with any term, provision or condition set forth in Sections 1001 to 1002, inclusive, and with any other
term, provision or condition with respect to the Securities of any series specified in accordance with Section 301 (except
any such term, provision or condition which could not be amended without the consent of all Holders of Securities of such series
pursuant to Section 902), if before or after the time for such compliance the Holders of at least a majority in principal
amount of all outstanding Securities of such series, by Act of such Holders, either waive such compliance in such instance or generally
waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except
to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties
of the Trustee in respect of any such term, provision or condition shall remain in full force and effect.

 

ARTICLE ELEVEN

REDEMPTION OF SECURITIES

 

Section 1101. Applicability
of Article.

 

Securities of any series which are redeemable
before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated
by Section 301 for Securities of any series) in accordance with this Article.

 

Section 1102. Election to Redeem;
Notice to Trustee.

 

The election of the Company to redeem any
Securities shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the election of the Company of
less than all of the Securities of any series, the Company shall, at least 45 days prior to the giving of the notice of redemption
in Section 1104 (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date
and of the principal amount of Securities of such series to be redeemed. In the case of any redemption of Securities prior to the
expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company
shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction.

 

Section 1103. Selection by
Trustee of Securities to Be Redeemed.

 

If less than all the Securities of any
series issued on the same day with the same terms are to be redeemed, the particular Securities to be redeemed shall be selected
not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series issued on
such date with the same terms not previously called for redemption, by such method as the Trustee shall deem fair and appropriate
and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities
of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger
than the minimum authorized denomination for Securities of that series.

 

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

 

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

 

Section 1104. Notice of Redemption.

 

Notice of redemption shall be given in
the manner provided in Section 106, not less than 30 days nor more than 60 days prior to the Redemption Date, unless
a shorter period is specified by the terms of such series established pursuant to Section 301, to each Holder of Securities
to be redeemed, but failure to give such notice in the manner herein provided to the Holder of any Security designated for redemption
as a whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the
redemption of any other such Security or portion thereof.

 

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

 

All notices of redemption shall state:

 

(1) the Redemption Date;

 

(2) the Redemption Price, accrued interest
to the Redemption Date payable as provided in Section 1106, if any, and Additional Amounts, if any;

 

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

 

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

 

(5) that on the Redemption Date the
Redemption Price and accrued interest to the Redemption Date payable as provided in Section 1106, if any, will become due
and payable upon each such Security, or the portion thereof, to be redeemed and, if applicable, that interest thereon shall cease
to accrue on and after said date;

 

(6) the Place or Places of Payment
where such Securities, together in the case of Bearer Securities with all coupons appertaining thereto, if any, maturing after
the Redemption Date, are to be surrendered for payment of the Redemption Price and accrued interest, if any;

 

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

 

(8) that, unless otherwise specified
in such notice, Bearer Securities of any series, if any, surrendered for redemption must be accompanied by all coupons maturing
subsequent to the date fixed for redemption or the amount of any such missing coupon or coupons will be deducted from the Redemption
Price, unless security or indemnity satisfactory to the Company, the Trustee for such series and any Paying Agent is furnished;

 

(9) if Bearer Securities of any series
are to be redeemed and any Registered Securities of such series are not to be redeemed, and if such Bearer Securities may be exchanged
for Registered Securities not subject to the redemption on this Redemption Date pursuant to Section 305 or otherwise, the
last date, as determined by the Company, on which such exchanges may be made;

 

(10) the CUSIP number of such Security,
if any, provided that neither the Company nor the Trustee shall have any responsibility for any such CUSIP number; and

 

(11) if applicable, that a Holder of Securities
who desires to convert Securities to be redeemed must satisfy the requirements for conversion contained in such Securities, the
then existing conversion price or rate and the date and time when the option to convert shall expire.

 

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

 

Section 1105. 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, which it may
not do in the case of a sinking fund payment under Article Twelve, segregate and hold in trust) an amount of money in the
currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable
(except as otherwise specified pursuant to Section 301 for the Securities of such series) sufficient to pay on the Redemption
Date the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the
Securities or portions thereof which are to be redeemed on that date.

 

Section 1106. Securities Payable
on Redemption Date.

 

Notice of redemption having been given
as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein
specified in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of
such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) (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) such Securities shall, if the same were

 

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interest-bearing, cease to bear interest and the coupons for
such interest appertaining to any Bearer Securities so to be redeemed, except to the extent provided below, shall be void. Upon
surrender of any such Security for redemption in accordance with said notice, together with all coupons, if any, appertaining thereto
maturing after the Redemption Date, such Security shall be paid by the Company at the Redemption Price, together with accrued interest,
if any, to the Redemption Date; provided, however, that installments of interest on Bearer Securities whose Stated Maturity is
on or prior to the Redemption Date shall be payable only at an office or agency located outside the United States and, unless otherwise
specified as contemplated by Section 301, only upon presentation and surrender of coupons for such interest; and provided
further that, installments of interest on Registered Securities whose Stated Maturity is on or prior to the Redemption Date shall
be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business
on the relevant Record Dates according to their terms and the provisions of Section 307.

 

If any Bearer Security surrendered for
redemption shall not be accompanied by all appurtenant coupons maturing after the Redemption Date, such Security may be paid after
deducting from the Redemption Price an amount equal to the face amount of all such missing coupons, or the surrender of such missing
coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they
may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the
Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made from the Redemption Price,
such Holder shall be entitled to receive the amount so deducted; provided, however, that interest represented by coupons shall
be payable only at an office or agency located outside the United States and, unless otherwise specified as contemplated by Section 301,
only upon presentation and surrender of those coupons.

 

If any Security called for redemption shall
not be so paid upon surrender thereof for redemption, the principal (and premium or Make-Whole Amount, if any) shall, until paid,
bear interest from the Redemption Date at the rate borne by the Security.

 

Section 1107. Securities Redeemed
in Part.

 

Any Security which is to be redeemed only
in part (pursuant to the provisions of this Article or of Article Twelve) shall be surrendered at a Place of Payment
therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory
to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing) and the Company
shall execute and the Trustee shall authenticate and deliver to the Holder of such Security without service charge a new Security
or Securities of the same series, of any authorized denomination as requested by such Holder in aggregate principal amount equal
to and in exchange for the unredeemed portion of the principal of the Security so surrendered.

 

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ARTICLE TWELVE

SINKING FUNDS

 

Section 1201. Applicability
of Article.

 

The provisions of this Article shall
be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by
Section 301 for Securities of such series.

 

The minimum amount of any sinking fund
payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,”
and any payment in excess of such minimum amount provided for by the terms of such Securities of any series is herein referred
to as an “optional sinking fund payment.” If provided for by the terms of any Securities of any series, the cash amount
of any mandatory sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall
be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series.

 

Section 1202. Satisfaction
of Sinking Fund Payments with Securities.

 

The Company may, in satisfaction of all
or any part of any mandatory sinking fund with respect to the Securities of a series, (1) deliver Outstanding Securities of
such series (other than any previously called for redemption) together in the case of any Bearer Securities of such series with
all matured coupons appertaining thereto and (2) apply as a credit Securities of such series which have been redeemed either
at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking
fund payments pursuant to the terms of such Securities, as provided for by the terms of such Securities, or which have otherwise
been acquired by the Company; provided that such Securities so delivered or applied as a credit have not been previously so credited.
Such Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price specified in
such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall
be reduced accordingly.

 

Section 1203. Redemption of
Securities for Sinking Fund.

 

Not less than 60 days prior to each
sinking payment date for Securities of any series, the Company will deliver to the Trustee an Officers’ Certificate specifying
the amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion
thereof, if any, which is to be satisfied by payment of cash in the currency or currencies, currency unit or units or composite
currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301
for the Securities of such series) and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities
of that series pursuant to Section 1202, and the optional amount, if any, to be added in cash to the next ensuing mandatory
sinking fund payment, and will also deliver to the Trustee any Securities to be so delivered and credited. If such Officers’
Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company
shall thereupon be obligated to pay the amount therein specified. Not less than 30 days before each such sinking fund payment
date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103
and cause notice of the redemption thereof to be given in the name of and at the expense of the

 

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Company in the manner provided in Section 1104. Such notice
having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 1106
and 1107.

 

ARTICLE THIRTEEN

REPAYMENT AT THE OPTION OF HOLDERS

 

Section 1301. Applicability
of Article.

 

Repayment of Securities of any series before
their Stated Maturity at the option of Holders thereof shall be made in accordance with the terms of such Securities, if any, and
(except as otherwise specified by the terms of such series established pursuant to Section 301) in accordance with this Article.

 

Section 1302. Repayment of
Securities.

 

Securities of any series subject to repayment
in whole or in part at the option of the Holders thereof will, unless otherwise provided in the terms of such Securities, be repaid
at a price equal to the principal amount thereon, together with interest, if any, thereof accrued to the Repayment Date specified
in or pursuant to the terms of such Securities. The Company covenants that on or before the Repayment Date it will 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) an amount
of money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such
series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) sufficient to
pay the principal (or, if so provided by the terms of the Securities of any series, a percentage of the principal) of, and (except
if the Repayment Date shall be an Interest Payment Date) accrued interest on, all the Securities or portions thereof, as the case
may be, to be repaid on such date.

 

Section 1303. Exercise of Option.

 

Securities of any series subject to repayment
at the option of the Holders thereof will contain an “Option to Elect Repayment” form on the reverse of such Securities.
In order for any Security to be repaid at the option of the Holder, the Trustee must receive at the Place of Payment therefor specified
in the terms of such Security (or at such other place or places of which the Company shall from time to time notify the Holders
of such Securities) not earlier than 60 days nor later than 30 days prior to the Repayment Date (1) the Security
so providing for such repayment together with the “Option to Elect Repayment” form on the reverse thereof duly completed
by the Holder (or by the Holder’s attorney duly authorized in writing) or (2) a telegram, telex, facsimile transmission
or a letter from a member of a national securities exchange, or the National Association of Securities Dealers, Inc. (now
known as the Financial Industry Regulatory Authority, Inc.) (“NASD”), or a commercial bank or trust company in
the United States setting forth the name of the Holder of the Security, the principal amount of the Security, the principal amount
of the Security to be repaid, the CUSIP number, if any, or a description of the tenor and terms of the Security, a statement that
the option to elect repayment

 

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is being exercised thereby and a guarantee that the Security
to be repaid, together with the duly completed form entitled “Option to Elect Repayment” on the reverse of the Security,
will be received by the Trustee not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission
or letter; provided, however, that such telegram, telex, facsimile transmission or letter shall only be effective if such Security
and form duly completed are received by the Trustee by such fifth Business Day. If less than the entire principal amount of such
Security is to be repaid in accordance with the terms of such Security, the principal amount of such Security to be repaid, in
increments of the minimum denomination for Securities of such series, and the denomination or denominations of the Security or
Securities to be issued to the Holder for the portion of the principal amount of such Security surrendered that is not to be repaid,
must be specified. The principal amount of any Security providing for repayment at the option of the Holder thereof may not be
repaid in part if, following such repayment, the unpaid principal amount of such Security would be less than the minimum authorized
denomination of Securities of or within the series of which such Security to be repaid is a part. Except as otherwise may be provided
by the terms of any Security providing for repayment at the option of the Holder thereof, exercise of the repayment option by the
Holder shall be irrevocable unless waived by the Company.

 

Section 1304. When Securities
Presented for Repayment Become Due and Payable.

 

If Securities of any series providing for
repayment at the option of the Holders thereof shall have been surrendered as provided in this Article and as provided by
or pursuant to the terms of such Securities, such Securities or the portions thereof, as the case may be, to be repaid shall become
due and payable and shall be paid by the Company on the Repayment Date therein specified, and on and after such Repayment Date
(unless the Company shall default in the payment of such Securities on such Repayment Date) such Securities shall, if the same
were interest-bearing, cease to bear interest and the coupons for such interest appertaining to any Bearer Securities so to be
repaid, except to the extent provided below, shall be void. Upon surrender of any such Security for repayment in accordance with
such provisions, together with all coupons, if any, appertaining thereto maturing after the Repayment Date, the principal amount
of such security so to be repaid shall be paid by the Company, together with accrued interest, if any, to the Repayment Date; provided,
however, that coupons whose Stated Maturity is on or prior to the Repayment Date shall be payable only at an office or agency located
outside the United States and, unless otherwise specified pursuant to Section 301, only upon presentation and surrender of
such coupons; and provided further that, in the case of Registered Securities, installments of interest, if any, whose Stated Maturity
is on or prior to the Repayment Date shall be payable (but without interest thereon, unless the Company shall default in the payment
thereof) to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business
on the relevant Record Dates according to their terms and the provisions of Section 307.

 

If any Bearer Security surrendered for
repayment shall not be accompanied by all appurtenant coupons maturing after the Repayment Date, such Security may be paid after
deducting from the amount payable therefor as provided in Section 1302 an amount equal to the face amount of all such missing
coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished
to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter

 

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the Holder of such Security shall surrender to the Trustee or
any Paying Agent any such missing coupon in respect of which a deduction shall have been made as provided in the preceding sentence,
such Holder shall be entitled to receive the amount so deducted; provided, however, that interest represented by coupons shall
be payable only at an office or agency located outside the United States and, unless otherwise specified as contemplated by Section 301,
only upon presentation and surrender of those coupons.

 

If the principal amount of any Security
surrendered for repayment shall not be so repaid upon surrender thereof, such principal amount (together with interest, if any,
thereon accrued to such Repayment Date) shall, until paid, bear interest from the Repayment Date at the rate of interest or Yield
to Maturity (in the case of Original Issue Discount Securities) set forth in such Security.

 

Section 1305. Securities Repaid
in Part.

 

Upon surrender of any Registered Security
which is to be repaid in part only, the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such
Security, without service charge and at the expense of the Company, a new Registered Security or Securities of the same series,
of any authorized denomination specified by the Holder, in an aggregate principal amount equal to and in exchange for the portion
of the principal of such Security so surrendered which is not to be repaid.

 

ARTICLE FOURTEEN

DEFEASANCE AND COVENANT DEFEASANCE

 

Section 1401. Applicability
of Article; Company’s Option to Effect Defeasance or Covenant Defeasance.

 

If, pursuant to Section 301, provision
is made for either or both of (a) defeasance of the Securities of or within a series under Section 1402 or (b) covenant
defeasance of the Securities of or within a series under Section 1403 to be applicable to the Securities of any series, then
the provisions of such Section or Sections, as the case may be, together with the other provisions of this Article (with
such modifications thereto as may be specified pursuant to Section 301 with respect to any Securities), shall be applicable
to such Securities and any coupons appertaining thereto, and the Company may at its option by Board Resolution, at any time, with
respect to such Securities and any coupons appertaining thereto, elect to defease such Outstanding Securities and any coupons appertaining
thereto pursuant to Section 1402 (if applicable) or Section 1403 (if applicable) upon compliance with the conditions
set forth below in this Article.

 

Section 1402. Defeasance and
Discharge.

 

Upon the Company’s exercise of the
above option applicable to this Section with respect to any Securities of or within a series, the Company shall be deemed
to have been discharged from its obligations with respect to such Outstanding Securities and any coupons appertaining thereto on
the date the conditions set forth in Section 1404 are satisfied (hereinafter, “defeasance”). For this purpose,
such defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such
Outstanding Securities and

 

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any coupons appertaining thereto, which shall thereafter be
deemed to be “Outstanding” only for the purposes of Section 1405 and the other Sections of this Indenture referred
to in clauses (A) and (B) below, and to have satisfied all of its other obligations under such Securities and any coupons
appertaining thereto and this Indenture insofar as such Securities and any coupons appertaining thereto are concerned (and the
Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following which
shall survive until otherwise terminated or discharged hereunder: (A) the rights of Holders of such Outstanding Securities
and any coupons appertaining thereto to receive, solely from the trust fund described in Section 1404 and as more fully set
forth in such Section, payments in respect of the principal of (and premium or Make-Whole Amount, if any) and interest, if any,
on such Securities and any coupons appertaining thereto when such payments are due, (B) the Company’s obligations with
respect to such Securities under Sections 305 and 306 and with respect to the payment of Additional Amounts, if any, on such
Securities as contemplated by Section 1004, (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder
and (D) this Article. Subject to compliance with this Article Fourteen, the Company may exercise its option under this
Section notwithstanding the prior exercise of its option under Section 1403 with respect to such Securities and any coupons
appertaining thereto.

 

Section 1403. Covenant Defeasance.

 

Upon the Company’s exercise of the
above option applicable to this Section with respect to any Securities of or within a series, the Company shall be released
from its obligations under Sections 1001 to 1002, inclusive, and, if specified pursuant to Section 301, its obligations under
any other covenant, with respect to such Outstanding Securities and any coupons appertaining thereto on and after the date the
conditions set forth in Section 1404 are satisfied (hereinafter, “covenant defeasance”), and such Securities and
any coupons appertaining thereto shall thereafter be deemed to be not “Outstanding” for the purposes of any direction,
waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with Sections 1001 to
1002, inclusive, or such other covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder.
For this purpose, such covenant defeasance means that, with respect to such Outstanding Securities and any coupons appertaining
thereto, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth
in any such Section or such other covenant, whether directly or indirectly, by reason of any reference elsewhere herein to
any such Section or such other covenant or by reason of reference in any such Section or such other covenant to any other
provision herein or in any other document and such omission to comply shall not constitute a default or an Event of Default under
Section 501(D) or 501(I) or otherwise, as the case may be, but, except as specified above, the remainder of this
Indenture and such Securities and any coupons appertaining thereto shall be unaffected thereby.

 

Section 1404. Conditions to
Defeasance or Covenant Defeasance.

 

The following shall be the conditions to
application of Section 1402 or Section 1403 to any Outstanding Securities of or within a series and any coupons appertaining
thereto:

 

(1) The Company shall irrevocably have
deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 607

 

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who shall agree to comply with the provisions of this Article Fourteen
applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for,
and dedicated solely to, the benefit of the Holders of such Securities and any coupons appertaining thereto, (1) an amount
in such currency, currencies or currency unit in which such Securities and any coupons appertaining thereto are then specified
as payable at Stated Maturity, or (2) Government Obligations applicable to such Securities and coupons appertaining thereto
(determined on the basis of the currency, currencies or currency unit in which such Securities and coupons appertaining thereto
are then specified as payable at Stated Maturity) which through the scheduled payment of principal and interest in respect thereof
in accordance with their terms will provide, not later than one day before the due date of any payment of principal of (and premium
or Make-Whole Amount, if any) and interest, if any, on such Securities and any coupons appertaining thereto, money in an amount,
or (3) a combination thereof in an amount, sufficient, without consideration of any reinvestment of such principal and interest,
in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered
to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge,
(i) the principal of (and premium or Make-Whole Amount, if any) and interest, if any, on such Outstanding Securities and any
coupons appertaining thereto on the Stated Maturity of such principal or installment of principal or interest and (ii) any
mandatory sinking fund payments or analogous payments applicable to such Outstanding Securities and any coupons appertaining thereto
on the day on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities and
any coupons appertaining thereto; provided, that the Trustee shall have been irrevocably instructed to apply such money or the
proceeds of such Government Obligations to said payments with respect to such Securities. Before such a deposit, the Company may
give to the Trustee, in accordance with Section 1102 hereof, a notice of its election to redeem all or any portion of such
Outstanding Securities at a future date in accordance with the terms of the Securities of such series and Article Eleven hereof,
which notice shall be irrevocable. Such irrevocable redemption notice, if given, shall be given effect in applying the foregoing.

 

(2) Such defeasance or covenant defeasance
shall not result in a breach or violation of, or constitute a default under, this Indenture or any other material agreement or
instrument to which the Company is a party or by which it is bound (and shall not cause the Trustee to have a conflicting interest
pursuant to Section 310(b) of the TIA with respect to any Security of the Company).

 

(3) No Event of Default or event which
with notice or lapse of time or both would become an Event of Default with respect to such Securities and any coupons appertaining
thereto shall have occurred and be continuing on the date of such deposit or, insofar as Sections 501(7) and 501(8) are
concerned, at any time during the period ending on the 91st day after the date of such deposit (it being understood that this condition
shall not be deemed satisfied until the expiration of such period).

 

(4) In the case of an election under
Section 1402, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (a) (i) the Company
has

 

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received from, or there has been published by, the Internal
Revenue Service a ruling, or (ii) since the date of execution of this Indenture, there has been a change in the applicable
Federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders of such
Outstanding Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes
as a result of such defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same
times as would have been the case if such defeasance had not occurred and (b) the Securities are listed on the New York Stock
Exchange that such defeasance will not cause such Securities to be delisted.

 

(5) In the case of an election under
Section 1403, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such
Outstanding Securities and any coupons appertaining thereto 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.

 

(6) The Company shall have delivered
to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent to the defeasance
under Section 1402 or the covenant defeasance under Section 1403 (as the case may be) have been complied with and an
Opinion of Counsel to the effect that either (i) as a result of a deposit pursuant to subsection (A) above and the related
exercise of the Company’s option under Section 1402 or Section 1403 (as the case may be) registration is not required
under the Investment Company Act of 1940, as amended, by the Company, with respect to the trust funds representing such deposit
or by the Trustee for such trust funds or (ii) all necessary registrations under said Act have been effected.

 

(7) After the 91st day following the
deposit, the trust funds will not be subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar
laws affecting creditors’ rights generally.

 

(8) Notwithstanding any other provisions
of this Section, such defeasance or covenant defeasance shall be effected in compliance with any additional or substitute terms,
conditions or limitations which may be imposed on the Company in connection therewith pursuant to Section 301.

 

Section 1405. Deposited Money
and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions.

 

All money and Government Obligations (or
other property as may be provided pursuant to Section 301) (including the proceeds thereof) deposited with the Trustee (or
other qualifying trustee, collectively for purposes of this Section 1405, the “Trustee”) pursuant to Section 1404
in respect of any Outstanding Securities of any series and any coupons appertaining thereto shall be held in trust and applied
by the Trustee, in accordance with the provisions of such Securities and any coupons appertaining thereto and this Indenture, to
the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee
may determine, to the Holders of such Securities and any coupons appertaining thereto of all sums

 

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due and to become due thereon in respect of principal (and premium
or Make-Whole Amount, if any) and interest and Additional Amounts, if any, but such money need not be segregated from other funds
except to the extent required by law.

 

Unless otherwise specified with respect
to any Security pursuant to Section 301, if, after a deposit referred to in Section 1404(A) has been made, (a) the
Holder of a Security in respect of which such deposit was made is entitled to, and does, elect pursuant to Section 301 or
the terms of such Security to receive payment in a currency or currency unit other than that in which the deposit pursuant to Section 1404(A) has
been made in respect of such Security, or (b) a Conversion Event occurs in respect of the currency or currency unit in which
the deposit pursuant to Section 1404(A) has been made, the indebtedness represented by such Security and any coupons
appertaining thereto shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal
of (and premium or Make-Whole Amount, if any), and interest, if any, on such Security as the same becomes due out of the proceeds
yielded by converting (from time to time as specified below in the case of any such election) the amount or other property deposited
in respect of such Security into the currency or currency unit in which such Security becomes payable as a result of such election
or Conversion Event based on the applicable market exchange rate for such currency or currency unit in effect on the second Business
Day prior to each payment date, except, with respect to a Conversion Event, for such currency or currency unit in effect (as nearly
as feasible) at the time of the Conversion Event.

 

The Company shall pay and indemnify the
Trustee against any tax, fee or other charge imposed on or assessed against the Government Obligations deposited pursuant to Section 1404
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 such Outstanding Securities and any coupons appertaining thereto.

 

Anything in this Article to the contrary
notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or Government
Obligations (or other property and any proceeds therefrom) held by it as provided in Section 1404 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 a defeasance or covenant defeasance,
as applicable, in accordance with this Article.

 

ARTICLE FIFTEEN

MEETINGS OF HOLDERS OF SECURITIES

 

Section 1501. Purposes for
Which Meetings May Be Called.

 

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

 

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Section 1502. Call, Notice
and Place of Meetings.

 

(1) The Trustee may at any time call
a meeting of Holders of Securities of any series for any purpose specified in Section 1501, to be held at such time and at
such place in the Borough of Manhattan, The City of New York as the Trustee shall determine. Notice of every meeting of Holders
of Securities of any series, setting forth the time and the place of such meeting and in general terms the action proposed to be
taken at such meeting, shall be given, in the manner provided in Section 106, not less than 21 nor more than 180 days
prior to the date fixed for the meeting.

 

(2) In case at any time the Company,
pursuant to a Board Resolution, or the Holders of at least 25% in principal amount of the Outstanding Securities of any series
shall have requested the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in Section 1501,
by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not
have made the first publication of the notice of such meeting within 21 days after receipt of such request or shall not thereafter
proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the
amount above specified, as the case may be, may determine the time and the place in the Borough of Manhattan, The City of New York,
or in London for such meeting and may call such meeting for such purposes by giving notice thereof as provided in subsection (A) of
this Section.

 

Section 1503. Persons Entitled
to Vote at Meetings.

 

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

 

Section 1504. Quorum; Action.

 

The Persons entitled to vote a majority
in principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of Holders of Securities
of such series; provided, however, that if any action is to be taken at such meeting with respect to a consent or waiver which
this Indenture expressly provides may be given by the Holders of not less than a specified percentage in principal amount of the
Outstanding Securities of a series, the Persons entitled to vote such specified percentage in principal amount of the Outstanding
Securities of such series shall constitute a quorum. In the absence of a quorum within 30 minutes after the time appointed for
any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any other
case the meeting may be adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior
to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further
adjourned for a period of not less than 10 days as determined

 

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by the chairman of the meeting prior to the adjournment of such
adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 1502(A), except
that such notice need be given only once not less than five days prior to the date on which the meeting is scheduled to be reconvened.
Notice of the reconvening of any adjourned meeting shall state expressly the percentage, as provided above, of the principal amount
of the Outstanding Securities of such series which shall constitute a quorum.

 

Except as limited by the proviso to Section 902,
any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted
by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series; provided,
however, that, except as limited by the proviso to Section 902, any resolution with respect to any request, demand, authorization,
direction, notice, consent, waiver or other action which this Indenture expressly provides may be made, given or taken by the Holders
of a specified percentage, which is less than a majority, in principal amount of the Outstanding Securities of a series may be
adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote
of the Holders of such specified percentage in principal amount of the Outstanding Securities of that series.

 

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

 

Notwithstanding the foregoing provisions
of this Section 1504, if any action is to be taken at a meeting of Holders of Securities of any series with respect to any
request, demand, authorization, direction, notice, consent, waiver or other action that this Indenture expressly provides may be
made, given or taken by the Holders of a specified percentage in principal amount of all Outstanding Securities affected thereby,
or of the Holders of such series and one or more additional series;

 

(1) there shall be no minimum quorum
requirement for such meeting; and

 

(2) the principal amount of the Outstanding
Securities of such series that vote in favor of such request, demand, authorization, direction, notice, consent, waiver or other
action shall be taken into account in determining whether such request, demand, authorization, direction, notice, consent, waiver
or other action has been made, given or taken under this Indenture.

 

Section 1505. Determination of Voting Rights; Conduct
and Adjournment of Meetings.

 

(1) Notwithstanding any provisions
of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities
of a series in regard to proof of the holding of Securities of such series and of the appointment of proxies and in regard to the
appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the
right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted
or required by any such regulations, the

 

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holding of Securities shall be proved in the manner specified
in Section 104 and the appointment of any proxy shall be proved in the manner specified in Section 104 or by having the
signature of the Person executing the proxy witnessed or guaranteed by any trust company, bank or banker authorized by Section 104
to certify to the holding of Bearer Securities. Such regulations may provide that written instruments appointing proxies, regular
on their face, may be presumed valid and genuine without the proof specified in Section 104 or other proof.

 

(2) (b) The Trustee shall, by
an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company
or by Holders of Securities as provided in Section 1502(B), in which case the Company or the Holders of Securities of or within
the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and
a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of
the Outstanding Securities of such series represented at the meeting.

 

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

 

(4) Any meeting of Holders of Securities
of any series duly called pursuant to Section 1502 at which a quorum is present may be adjourned from time to time by Persons
entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting, and the
meeting may be held as so adjourned without further notice.

 

Section 1506. Counting Votes and Recording Action
of Meetings.

 

The vote upon any resolution submitted
to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of
the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the
Outstanding Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors
of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary
of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record, at least in duplicate, of
the proceedings of each meeting of Holders of Securities of any series shall be prepared by the secretary of the meeting and there
shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits
by one or more persons having knowledge of the fact, setting forth a copy of the notice of the meeting and showing that said notice
was given as provided in Section 1502 and, if applicable, Section 1504. Each copy shall be signed and verified by the
affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Company and another
to the Trustee

 

74

    	 

    	 

    

 

to be preserved by the Trustee, the latter to have attached
thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein
stated.

 

Section 1507. Evidence of Action Taken by Holders.

 

Any request, demand, authorization, direction,
notice, consent, waiver or other action provided by this Indenture to be given or taken by a specified percentage in principal
amount of the Holders of any or all series may be embodied in and evidenced by one or more instruments of substantially similar
tenor signed by such specified percentage of Holders in person or by agent 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. Proof
of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture
and (subject to Article Six) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Article.

 

Section 1508. Proof of Execution
of Instruments.

 

Subject to Article Six, the execution
of any instrument by a Holder or his agent or proxy may be proved in accordance with such reasonable rules and regulations
as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee.

 

* * * * *

 

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

 

IN WITNESS WHEREOF, the parties hereto
have caused this Indenture to be duly executed by their respective officers hereunto duly authorized, all as of the day and year
first above written.

 

	 	MAGIC SOFTWARE ENTERPRISES, LTD.
	 	 
	 	By:
	 	Name:
	 	Title:
	 	 
	 	                                                                                       ,
	 	as Trustee
	 	 
	 	By:
	 	Name:
	 	Title:

 

75

    	 

    	 

    

 

STATE OF

CITY OF

 

The foregoing instrument was acknowledged
before me in the City of                       ,
State of                       ,
by                                          
,                                         
of Magic Software Enterprises Ltd., an Israeli company, on behalf of the company.

 

My commission expires                                                            .

 

	 	 
	Notary Public	 

 

STATE OF                                                       

CITY/COUNTY OF                                                       

 

The foregoing instrument was acknowledged
before me in the City/County of                                         ,
State of                                         ,
by                                         ,
                          
                                   
of                               
           , a                                         
corporation, on behalf of the corporation.

 

My commission expires                                                             .

 

	 	 
	Notary Public	 

 

76

    	 

    	 

    

 

EXHIBIT A

FORMS OF CERTIFICATION

 

A-1

    	 

    	 

    

 

EXHIBIT A-1

FORM OF CERTIFICATE TO BE GIVEN
BY PERSON ENTITLED

TO RECEIVE BEARER SECURITY OR TO OBTAIN INTEREST

PAYABLE PRIOR TO THE EXCHANGE DATE

CERTIFICATE

[Insert title or sufficient description
of Securities to be delivered]

 

This is to certify that, as of the date
hereof, and except as set forth below, the above-captioned Securities held by you for our account (i) are owned by person(s) that
are not citizens or residents of the United States, domestic partnerships, domestic corporations or any estate or trust the income
of which is subject to United States federal income taxation regardless of its source (“United States person(s)”),
(ii) are owned by United States person(s) that are (a) foreign branches of United States financial institutions
(financial institutions, as defined in United States Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred
to as “financial institutions”) purchasing for their own account or for resale, or (b) United States person(s) who
acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such
United States financial institutions on the date hereof (and in either case (a) or (b), each such United States financial
institution hereby agrees, on its own behalf or through its agent, that you may advise Property Company of America or its agent
that such financial institution will provide a certificate within a reasonable time stating that it agrees to comply with the requirements
of Section 165(j)(3)(A), (B) or (C) of the United States Internal Revenue Code of 1986, as amended, and the regulations
thereunder), or (iii) are owned by a financial institution for purposes of resale during the restricted period (as defined
in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and, such financial institution described in clause
(iii) above (whether or not also described in clause (i) or (ii)), certifies that it has not acquired the Securities
for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions.

 

As used herein, “United States”
means the United States of America (including the States and the District of Columbia); and its “possessions” include
Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. We undertake to advise
you promptly by tested telex on or prior to the date on which you intend to submit your certification relating to the above-captioned
Securities held by you for our account in accordance with your Operating Procedures if any applicable statement herein is not correct
on such date, and in the absence of any such notification it may be assumed that this certification applies as of such date.

 

This certificate excepts and does not related
to [U.S.$]                     
of such interest in the above-captioned Securities in respect of which we are not able to certify and as to which we understand
an exchange for an interest in a Permanent Global Security or an exchange for and delivery of definitive Securities (or, if relevant,
collection of any interest) cannot be made until we do so certify.

 

A-2 (1)

    	 

    	 

    

 

We understand that this certificate may
be required in connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced
or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate
or a copy thereof to any interested party in such proceedings.

 

Dated:                                         ,
20    

 

	[To be dated no earlier than the 15th day prior to the earlier of (i) the Exchange Date or (ii) the relevant Interest Payment Date occurring prior to the Exchange Date, as applicable]	 
	 	 
	[Name of Person Making Certification]	 
	 	 
	 	 
	(Authorized Signator)	 
	Name:	 
	Title:	 

 

A-3 (2)

    	 

    	 

    

 

EXHIBIT A-2

FORM OF CERTIFICATE TO BE GIVEN
BY EUROCLEAR

AND CEDEL S.A. IN CONNECTION WITH THE EXCHANGE OF

A PORTION OF A TEMPORARY GLOBAL SECURITY OR TO

OBTAIN INTEREST PAYABLE PRIOR TO THE EXCHANGE DATE

CERTIFICATE

[Insert title or sufficient description
of Securities to be delivered]

 

This is to certify that, based solely on
written certifications that we have received in writing, by tested telex or by electronic transmission from each of the persons
appearing in our records as persons entitled to a portion of the principal amount set forth below (our “Member Organizations”)
substantially in the form attached hereto, as of the date hereof, [U.S.$]                     
principal amount of the above-captioned Securities (i) is owned by person(s) that are not citizens or residents of the
United States, domestic partnerships, domestic corporations or any estate or trust the income of which is subject to United States
Federal income taxation regardless of its source (“United States person(s)”), (ii) is owned by United States person(s) that
are (a) foreign branches of United States financial institutions (financial institutions, as defined in United States Treasury
Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing for
their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches
of United States financial institutions and who hold the Securities through such United States financial institutions on the date
hereof (and in either case (a) or (b), each such financial institution has agreed, on its own behalf or through its agent,
that we may advise Property Trust of America or its agent that such financial institution will provide a certificate within a reasonable
time stating that it agrees to comply with the requirements of Section 165(j)(3)(A), (B), or (C) of the Internal Revenue
Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by a financial institution for purposes of resale
during the restricted period (as defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and that such
financial institutions described in clause (iii) above (whether or not also described in clause (i) or (ii)) have certified
that they have not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person
within the United States or its possessions.

 

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

 

We further certify that (i) we are
not making available herewith for exchange (or, if relevant, collection of any interest) any portion of the temporary global Security
representing the above-captioned Securities excepted in the above-referenced certificates of Member Organizations and (ii) as
of the date hereof we have not received any notification from any of our Member Organizations to the effect that the statements
made by such Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant, collection
of any interest) are no longer true and cannot be relied upon as of the date hereof.

 

A-2 (1)

    	 

    	 

    

 

We understand that this certification is
required in connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced
or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate
or a copy thereof to any interested party in such proceedings.

 

Dated:                                         ,
20    

 

	[To be dated no earlier than the earlier of the Exchange Date or the relevant Interest Payment Date occurring prior to the Exchange Date, as applicable]	 
	 	 
	[Morgan Guaranty Trust Company of New York, Brussels Office,] as Operator of the Euroclear System [Cedel S.A.]	 
	 	 
	By:	 	 
	 	 	 

 

A-2 (2)

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