Document:

EX-4.1

 Exhibit 4.1 
  

 
 ADVANCED MICRO DEVICES, INC.

  
  

INDENTURE 
 Dated as of
___________, 20__ 
  
  

U.S. Bank Trust Company, National Association 

Trustee 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
			
	 Section 1.1.
	 	Definitions	  	 	1	 
	 Section 1.2.
	 	Other Definitions	  	 	4	 
	 Section 1.3.
	 	Incorporation by Reference of Trust Indenture Act	  	 	4	 
	 Section 1.4.
	 	Rules of Construction	  	 	5	 
		
	 ARTICLE II. THE SECURITIES
	  	 	5	 
	 Section 2.1.
	 	Issuable in Series	  	 	5	 
	 Section 2.2.
	 	Establishment of Terms of Series of Securities	  	 	6	 
	 Section 2.3.
	 	Execution and Authentication	  	 	8	 
	 Section 2.4.
	 	Registrar, Paying Agent and Notice Agent	  	 	9	 
	 Section 2.5.
	 	Paying Agent to Hold Money in Trust	  	 	10	 
	 Section 2.6.
	 	Holder Lists	  	 	10	 
	 Section 2.7.
	 	Transfer and Exchange	  	 	11	 
	 Section 2.8.
	 	Mutilated, Destroyed, Lost and Stolen Securities	  	 	11	 
	 Section 2.9.
	 	Outstanding Securities	  	 	12	 
	 Section 2.10.
	 	Treasury Securities	  	 	12	 
	 Section 2.11.
	 	Temporary Securities	  	 	12	 
	 Section 2.12.
	 	Cancellation	  	 	13	 
	 Section 2.13.
	 	Defaulted Interest	  	 	13	 
	 Section 2.14.
	 	Global Securities	  	 	13	 
	 Section 2.15.
	 	CUSIP Numbers	  	 	15	 
		
	 ARTICLE III. REDEMPTION
	  	 	15	 
	 Section 3.1.
	 	Notice to Trustee	  	 	15	 
	 Section 3.2.
	 	Selection of Securities to be Redeemed	  	 	16	 
	 Section 3.3.
	 	Notice of Redemption	  	 	16	 
	 Section 3.4.
	 	Effect of Notice of Redemption	  	 	17	 
	 Section 3.5.
	 	Deposit of Redemption Price	  	 	17	 
	 Section 3.6.
	 	Securities Redeemed in Part	  	 	17	 
		
	 ARTICLE IV. COVENANTS
	  	 	17	 
	 Section 4.1.
	 	Payment of Principal and Interest	  	 	17	 
	 Section 4.2.
	 	SEC Reports	  	 	18	 
	 Section 4.3.
	 	Compliance Certificate	  	 	18	 
	 Section 4.4.
	 	Stay, Extension and Usury Laws	  	 	18	 
		
	 ARTICLE V. SUCCESSORS
	  	 	19	 
	 Section 5.1.
	 	When Company May Merge, Etc.	  	 	19	 
	 Section 5.2.
	 	Successor Corporation Substituted	  	 	19	 
		
	 ARTICLE VI. DEFAULTS AND REMEDIES
	  	 	19	 
	 Section 6.1.
	 	Events of Default	  	 	19	 

  
 i 

							
	 Section 6.2.
	 	Acceleration of Maturity; Rescission and Annulment	  	 	21	 
	 Section 6.3.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	21	 
	 Section 6.4.
	 	Trustee May File Proofs of Claim	  	 	22	 
	 Section 6.5.
	 	Trustee May Enforce Claims Without Possession of Securities	  	 	23	 
	 Section 6.6.
	 	Application of Money Collected	  	 	23	 
	 Section 6.7.
	 	Limitation on Suits	  	 	23	 
	 Section 6.8.
	 	Unconditional Right of Holders to Receive Principal and Interest	  	 	24	 
	 Section 6.9.
	 	Restoration of Rights and Remedies	  	 	24	 
	 Section 6.10.
	 	Rights and Remedies Cumulative	  	 	24	 
	 Section 6.11.
	 	Delay or Omission Not Waiver	  	 	25	 
	 Section 6.12.
	 	Control by Holders	  	 	25	 
	 Section 6.13.
	 	Waiver of Past Defaults	  	 	25	 
	 Section 6.14.
	 	Undertaking for Costs	  	 	26	 
		
	 ARTICLE VII. TRUSTEE
	  	 	26	 
	 Section 7.1.
	 	Duties of Trustee	  	 	26	 
	 Section 7.2.
	 	Rights of Trustee	  	 	27	 
	 Section 7.3.
	 	Individual Rights of Trustee	  	 	28	 
	 Section 7.4.
	 	Trustee’s Disclaimer	  	 	29	 
	 Section 7.5.
	 	Notice of Defaults	  	 	29	 
	 Section 7.6.
	 	Reports by Trustee to Holders	  	 	29	 
	 Section 7.7.
	 	Compensation and Indemnity	  	 	29	 
	 Section 7.8.
	 	Replacement of Trustee	  	 	30	 
	 Section 7.9.
	 	Successor Trustee by Merger, Etc.	  	 	31	 
	 Section 7.10.
	 	Eligibility; Disqualification	  	 	31	 
	 Section 7.11.
	 	Preferential Collection of Claims Against Company	  	 	31	 
		
	 ARTICLE VIII. SATISFACTION AND DISCHARGE; DEFEASANCE
	  	 	32	 
	 Section 8.1.
	 	Satisfaction and Discharge of Indenture	  	 	32	 
	 Section 8.2.
	 	Application of Trust Funds; Indemnification	  	 	33	 
	 Section 8.3.
	 	Legal Defeasance of Securities of any Series	  	 	33	 
	 Section 8.4.
	 	Covenant Defeasance	  	 	35	 
	 Section 8.5.
	 	Repayment to Company	  	 	36	 
	 Section 8.6.
	 	Reinstatement	  	 	36	 
		
	 ARTICLE IX. AMENDMENTS AND WAIVERS
	  	 	36	 
	 Section 9.1.
	 	Without Consent of Holders	  	 	36	 
	 Section 9.2.
	 	With Consent of Holders	  	 	37	 
	 Section 9.3.
	 	Limitations	  	 	38	 
	 Section 9.4.
	 	Compliance with Trust Indenture Act	  	 	38	 
	 Section 9.5.
	 	Revocation and Effect of Consents	  	 	38	 
	 Section 9.6.
	 	Notation on or Exchange of Securities	  	 	39	 
	 Section 9.7.
	 	Trustee Protected	  	 	39	 
		
	 ARTICLE X. MISCELLANEOUS
	  	 	39	 
	 Section 10.1.
	 	Trust Indenture Act Controls	  	 	39	 
	 Section 10.2.
	 	Notices	  	 	40	 

  
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	 Section 10.3.
	 	Communication by Holders with Other Holders	  	 	41	 
	 Section 10.4.
	 	Certificate and Opinion as to Conditions Precedent	  	 	41	 
	 Section 10.5.
	 	Statements Required in Certificate or Opinion	  	 	41	 
	 Section 10.6.
	 	Rules by Trustee and Agents	  	 	42	 
	 Section 10.7.
	 	Legal Holidays	  	 	42	 
	 Section 10.8.
	 	No Recourse Against Others	  	 	42	 
	 Section 10.9.
	 	Counterparts	  	 	42	 
	 Section 10.10.
	 	Governing Law; Waiver of Jury Trial; Consent to Jurisdiction	  	 	43	 
	 Section 10.11.
	 	No Adverse Interpretation of Other Agreements	  	 	43	 
	 Section 10.12.
	 	Successors	  	 	43	 
	 Section 10.13.
	 	Severability	  	 	43	 
	 Section 10.14.
	 	Table of Contents, Headings, Etc.	  	 	43	 
	 Section 10.15.
	 	Securities in a Foreign Currency	  	 	44	 
	 Section 10.16.
	 	Judgment Currency	  	 	44	 
	 Section 10.17.
	 	Force Majeure	  	 	45	 
	 Section 10.18.
	 	U.S.A. Patriot Act	  	 	45	 
		
	 ARTICLE XI. SINKING FUNDS
	  	 	45	 
	 Section 11.1.
	 	Applicability of Article	  	 	45	 
	 Section 11.2.
	 	Satisfaction of Sinking Fund Payments with Securities	  	 	46	 
	 Section 11.3.
	 	Redemption of Securities for Sinking Fund	  	 	46	 

  
 iii 

 ADVANCED MICRO DEVICES, INC. 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of ____________, 20__ 
  

					
	§ 310(a)(1)	 		  	7.10
	(a)(2)	 		  	7.10
	(a)(3)	 		  	Not Applicable
	(a)(4)	 		  	Not Applicable
	(a)(5)	 		  	7.10
	(b)	 		  	7.10
	§ 311(a)	 		  	7.11
	(b)	 		  	7.11
	(c)	 		  	Not Applicable
	§ 312(a)	 		  	2.6
	(b)	 		  	10.3
	(c)	 		  	10.3
	§ 313(a)	 		  	7.6
	(b)(1)	 		  	7.6
	(b)(2)	 		  	7.6
	(c)(1)	 		  	7.6
	(d)	 		  	7.6
	§ 314(a)	 		  	4.2, 10.5
	(b)	 		  	Not Applicable
	(c)(1)	 		  	10.4
	(c)(2)	 		  	10.4
	(c)(3)	 		  	Not Applicable
	(d)	 		  	Not Applicable
	(e)	 		  	10.5
	(f)	 		  	Not Applicable
	§ 315(a)	 		  	7.1
	(b)	 		  	7.5
	(c)	 		  	7.1
	(d)	 		  	7.1
	(e)	 		  	6.14
	§ 316(a)	 		  	2.10
	(a)(1)(A)	 		  	6.12
	(a)(1)(B)	 		  	6.13
	(b)	 		  	6.8
	§ 317(a)(1)	 		  	6.3
	(a)(2)	 		  	6.4
	(b)	 		  	2.5
	§ 318(a)	 		  	10.1

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

  
 iv 

 Indenture dated as of __________, 20__ between Advanced Micro Devices, Inc., a company
incorporated under the laws of Delaware (“Company”), and U.S. Bank Trust Company, National Association, a national banking association (“Trustee”). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued
under this Indenture. 
 ARTICLE I. 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1. Definitions. 

“Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under
common control with such specified person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to any
person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such person, whether through the ownership of voting securities or by agreement or otherwise. 

“Agent” means any Registrar, Paying Agent or Notice Agent. 

“Board of Directors” means the board of directors of the Company or any duly authorized committee thereof. 

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

“Business Day” means any day except a Saturday, Sunday or a legal holiday in the City of New York, New York (or in connection
with any payment, the place of payment) on which banking institutions are authorized or required by law, regulation or executive order to close. 

“Capital Stock” means any and all shares, interests, participations, rights or other equivalents (however designated) of
corporate stock. 
 “Company” means the party named as such above until a successor replaces it and thereafter means the
successor. 
 “Company Order” means a written order signed in the name of the Company by an Officer and delivered to the
Trustee. 
 “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust
business related to this Indenture shall be principally administered. 
 “Default” means any event which is, or after
notice, passage of time or both would be, an Event of Default. 

 “Depositary” means, with respect to the Securities of any Series issuable
or issued in whole or in part in the form of one or more Global Securities, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and if at any time there
is more than one such person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2. 
 “Dollars” and
“$” means the currency of the United States of America. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 “Foreign Currency” means any currency or currency unit issued by a government other than the
government of the United States of America. 
 “Foreign Government Obligations” means, with respect to Securities of any
Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and
which are not callable or redeemable at the option of the issuer thereof. 
 “GAAP” means generally accepted accounting
principles in the United States of America set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect as of the date of determination. 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form
established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 

“Holder” means a person in whose name a Security is registered on the Registrar’s books. 

“Indenture” means this Indenture as amended or supplemented from time to time and shall include the form and terms of
particular Series of Securities established as contemplated hereunder. 
 “interest” with respect to any Discount Security
which by its terms bears interest only after Maturity, means interest payable after Maturity. 

  
 2 

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

“Officer” means the Chief Executive Officer, President, the Chief Financial Officer, the Treasurer or any Assistant
Treasurer, the Secretary or any Assistant Secretary and any Vice President of the Company. 
 “Officer’s Certificate”
means a certificate signed by any Officer that meets the requirements of this Indenture. 
 “Opinion of Counsel” means a
written opinion of legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Company. The opinion may contain customary limitations, conditions and exceptions. 

“person” means any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock
company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “principal” of
a Security means the principal of the Security plus, when appropriate, the premium, if any, on, the Security. 
 “Responsible
Officer” means any officer of the Trustee in its Corporate Trust Office having responsibility for administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate
trust matter is referred because of his or her knowledge of and familiarity with a particular subject. 
 “SEC” means the
Securities and Exchange Commission. 
 “Security” or “Securities” means the debentures, notes or other
debt instruments of the Company of any Series authenticated and delivered under this Indenture. 
 “Series” or
“Series of Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof. 

“Stated Maturity” when used with respect to any Security, means the date specified in such Security as the fixed date on
which the principal of such Security or interest is due and payable. 
 “Subsidiary” of any specified person means any
corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees
thereof is at the time owned or controlled, directly or indirectly, by such person or one or more of the other Subsidiaries of that person or a combination thereof. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of this
Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust Indenture Act as so amended. 

  
 3 

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

“U.S. Government Obligations” means securities which are direct obligations of, or guaranteed by, the United States of
America for the payment of which its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof and shall also include a depositary receipt issued by a bank or trust company as custodian with
respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depositary receipt, provided that (except as
required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such
depositary receipt. 
 Section 1.2. Other Definitions. 

 

					
	 TERM
	  	DEFINED IN SECTION	 
	 “Agent Member”
	  	 	2.14.6	 
	 “Bankruptcy Law”
	  	 	6.1	 
	 “Custodian”
	  	 	6.1	 
	 “Event of Default”
	  	 	6.1	 
	 “Judgment Currency”
	  	 	10.16	 
	 “mandatory sinking fund payment”
	  	 	11.1	 
	 “New York Banking Day”
	  	 	10.16	 
	 “Notice Agent”
	  	 	2.4	 
	 “optional sinking fund payment”
	  	 	11.1	 
	 “Paying Agent”
	  	 	2.4	 
	 “Registrar”
	  	 	2.4	 
	 “Required Currency”
	  	 	10.16	 
	 “Specified Courts”
	  	 	10.10	 
	 “successor person”
	  	 	5.1	 

 Section 1.3. Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The
following TIA terms used in this Indenture have the following meanings: 

  
 4 

 “Commission” means the SEC. 

“indenture securities” means the Securities. 

“indenture security holder” means a Holder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the indenture securities means the Company and any successor obligor upon the Securities. 

All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under
the TIA and not otherwise defined herein are used herein as so defined. 
 Section 1.4. Rules of Construction. 

Unless the context otherwise requires: 

(a) a term has the meaning assigned to it; 

(b) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(c) “or” is not exclusive; 

(d) words in the singular include the plural, and in the plural include the singular; 

(e) provisions apply to successive events and transactions; 

(f) in the computation of periods of time from a specified date to a later specified date, the word “from” means
“from and including,” and the words “to” and “until” each mean “to but excluding”; and 

(g) the phrase “in writing” as used herein shall be deemed to include PDFs,
e-mails and other electronic means of transmission, unless otherwise indicated. 
 ARTICLE II. 

THE SECURITIES 

Section 2.1. Issuable in Series. 

The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be
issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner provided in a Board Resolution, a supplemental indenture or an Officer’s Certificate detailing the adoption of
the terms thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officer’s Certificate 

  
 5 

 
or supplemental indenture detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest
rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the
benefits of the Indenture. 
 Section 2.2. Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of
Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through 2.2.23) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board
Resolution, supplemental indenture hereto or Officer’s Certificate: 
 2.2.1. the title (which shall distinguish the Securities of that
particular Series from the Securities of any other Series) and ranking (including the terms of any subordination provisions) of the Series; 

2.2.2. the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be issued;

 2.2.3. any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6); 

2.2.4. the date or dates on which the principal of the Securities of the Series is payable; 

2.2.5. the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates
(including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or
dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; 

2.2.6. the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, where the Securities
of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered, and the method of such payment, if by
wire transfer, mail or other means; 
 2.2.7. if applicable, the period or periods within which, the price or prices at which and the terms
and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 
 2.2.8. the
obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and
the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 

  
 6 

 2.2.9. the dates, if any, on which and the price or prices at which the Securities of the
Series will be repurchased by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 

2.2.10. if other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall
be issuable; 
 2.2.11. the forms of the Securities of the Series and whether the Securities will be issuable as Global Securities; 

2.2.12. if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable
upon declaration of acceleration of the maturity thereof pursuant to Section 6.2; 
 2.2.13. the currency of denomination of the
Securities of the Series, which may be Dollars or any Foreign Currency, and if such currency of denomination is a composite currency, the agency or organization, if any, responsible for overseeing such composite currency; 

2.2.14. the designation of the currency, currencies or currency units in which payment of the principal of and interest, if any, on the
Securities of the Series will be made; 
 2.2.15. if payments of principal of or interest, if any, on the Securities of the Series are to be
made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be determined; 

2.2.16. the manner in which the amounts of payment of principal of or interest, if any, on the Securities of the Series will be determined, if
such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; 

2.2.17. the provisions, if any, relating to any security provided for the Securities of the Series; 

2.2.18. any addition to, deletion of or change in the Events of Default which applies to any Securities of the Series and any change in the
right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 

2.2.19. any addition to, deletion of or change in the covenants applicable to Securities of the Series; 

  
 7 

 2.2.20. any Depositaries, interest rate calculation agents, exchange rate calculation agents
or other agents with respect to Securities of such Series if other than those appointed herein; 
 2.2.21. the provisions, if any, relating
to conversion or exchange of any Securities of such Series, including if applicable, the conversion or exchange price, the conversion or exchange period, provisions as to whether conversion or exchange will be mandatory, at the option of the Holders
thereof or at the option of the Company, the events requiring an adjustment of the conversion price or exchange price and provisions affecting conversion or exchange if such Series of Securities are redeemed; 

2.2.22. any other terms of the Series (which may supplement, modify or delete any provision of this Indenture insofar as it applies to such
Series), including any terms that may be required under applicable law or regulations or advisable in connection with the marketing of Securities of that Series; and 

2.2.23. whether any of the Company’s direct or indirect Subsidiaries will guarantee the Securities of that Series, including the terms of
subordination, if any, of such guarantees. 
 All Securities of any one Series need not be issued at the same time and may be issued from
time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officer’s Certificate referred to above. 

Section 2.3. Execution and Authentication. 

An Officer shall sign the Securities for the Company by manual, facsimile or electronic signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
nevertheless be valid. 
 A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating
agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at any
time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officer’s Certificate, upon receipt by the Trustee of a Company Order. Each
Security shall be dated the date of its authentication. 
 The aggregate principal amount of Securities of any Series outstanding at any
time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officer’s Certificate delivered pursuant to Section 2.2, except as provided in
Section 2.8. 

  
 8 

 Prior to the issuance of Securities of any Series, the Trustee shall have received and
(subject to Section 7.2) shall be fully protected in relying on: (a) the Board Resolution, supplemental indenture hereto or Officer’s Certificate establishing the form of the Securities of that Series or of Securities within that
Series and the terms of the Securities of that Series or of Securities within that Series, (b) an Officer’s Certificate complying with Sections 10.4 and 10.5, and (c) an Opinion of Counsel complying with Sections 10.4 and 10.5. 

The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised
by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith determines that such action may expose the Trustee to personal liability. 

The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate
Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of
the Company. 
 Section 2.4. Registrar, Paying Agent and Notice Agent. 

The Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant
to Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange
(“Registrar”) and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered (“Notice Agent”). The Registrar shall keep a register with respect
to each Series of Securities and to their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Notice Agent. If at any
time the Company shall fail to maintain any such required Registrar, Paying Agent or Notice Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands; provided, however, that any appointment of the Trustee as the
Notice Agent shall exclude the appointment of the Trustee or any office of the Trustee as an agent to receive the service of legal process on the Company. 

The Company may also from time to time designate one or more co-registrars, additional paying agents
or additional notice agents and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent
and Notice Agent in each place so specified pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name
or address of any such co-registrar, additional paying agent or additional notice agent. The term “Registrar” includes any co-registrar; the term
“Paying Agent” includes any additional paying agent; and the term “Notice Agent” includes any additional notice agent. The Company or any of its Affiliates may serve as Registrar or Paying Agent. 

  
 9 

 The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Notice Agent
for each Series unless another Registrar, Paying Agent or Notice Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. The rights, powers, duties, obligations and actions of each Agent under this
Indenture are several and not joint or joint and several, and the Agents shall only be obliged to perform those duties expressly set out in this Indenture and shall have no implied duties. 

Section 2.5. Paying Agent to Hold Money in Trust. 

The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the
benefit of Holders of any Series of Securities or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities and will notify the Trustee in writing of any default by the Company in making
any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over
to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold in a separate
trust fund for the benefit of Holders of any Series of Securities all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to the Company, the Trustee shall serve as Paying Agent for the
Securities. For the avoidance of doubt, a Paying Agent and the Trustee shall be held harmless and have no liability with respect to payments or disbursements (including to the Holders) until they have confirmed receipt of funds sufficient to make
the relevant payment. No money held by an Agent needs to be segregated except as is required by law. 
 Section 2.6. Holder
Lists. 
 If it is serving as Registrar, the Trustee shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of Holders of each Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each
interest payment date and at such other times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Holders of each Series of Securities. 

Every Holder, by receiving and holding Securities, agrees with the Company and the Trustee that neither the Company nor the Trustee or any
agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders in accordance with TIA § 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 § 312(b). 

  
 10 

 Section 2.7. Transfer and Exchange. 

Where Securities of a Series are presented to the Registrar or a co-registrar with a request to
register a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of
transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may
require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or
9.6). 
 Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of or exchange Securities of any
Series for the period beginning at the opening of business 15 days immediately preceding the sending of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day such notice is sent,
(b) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part or
(c) to register the transfer of or exchange Securities of any Series between a record date and payment date for such Series of Securities. 

Section 2.8. Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Security and (ii) such security or indemnity bond as may be required by each of them to hold itself and any of its agents harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide
purchaser, the Company shall execute and upon receipt of a Company Order the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same Series and of like tenor and
principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security
has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 

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

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

  
 11 

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

Section 2.9. Outstanding Securities. 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. 

If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that
the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent (other than the Company, a Subsidiary of the Company or an
Affiliate of the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to
accrue. 
 The Company may purchase or otherwise acquire the Securities, whether by open market purchases, negotiated transactions or
otherwise. A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security (but see Section 2.10 below). 

In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2. 

Section 2.10. Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand,
authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company or any Affiliate of the Company shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on
any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee knows are so owned shall be so disregarded. 

Section 2.11. Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a
Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the
Trustee upon receipt of a Company Order shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary securities shall have the same rights under this Indenture
as the definitive Securities. 

  
 12 

 Section 2.12. Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the
Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation and shall destroy such canceled Securities
(subject to the record retention requirements of the Exchange Act and the Trustee) and deliver a certificate of such cancellation to the Company upon written request of the Company. The Company may not issue new Securities to replace Securities that
it has paid or delivered to the Trustee for cancellation. 
 Section 2.13. Defaulted Interest. 

If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted
by law, any interest payable on the defaulted interest, to the persons who are Holders of the Series on a subsequent special record date. The Company shall fix the record date and payment date. At least ten days before the special record date, the
Company shall send to the Trustee and to each Holder of the Series a notice that states the special record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful manner. 

Section 2.14. Global Securities. 

2.14.1. Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officer’s Certificate shall establish
whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities. 

2.14.2. Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7 of the Indenture and in
addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if (i) such Depositary
notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to
appoint a successor Depositary registered as a clearing agency under the Exchange Act within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officer’s Certificate to the effect that such Global Security
shall be so exchangeable. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to
the principal amount of the Global Security with like tenor and terms. 

  
 13 

 Except as provided in this Section 2.14.2, a Global Security may not be transferred
except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a
successor Depositary or a nominee of such a successor Depositary. 
 None of the Trustee or any Agent shall have any obligation or duty to
monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depositary
participants, members or beneficial owners in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of,
this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 
 None of the
Trustee or any Agent shall have any responsibility or obligation to any beneficial owner of a Global Security, a member of, or a participant in the Depositary or other Person with respect to the accuracy of the records of the Depositary or its
nominee or of any participant or member thereof, with respect to any ownership interest in any Security or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including
any notice of optional redemption) or the payment of any amount, under or with respect to such Security. 
 2.14.3. Legends. Any
Global Security issued hereunder shall bear a legend in substantially the following form: 
 “THIS SECURITY IS A GLOBAL SECURITY WITHIN
THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.” 
 In
addition, so long as the Depository Trust Company (“DTC”) is the Depositary, each Global Security registered in the name of DTC or its nominee shall bear a legend in substantially the following form: 

“UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY GLOBAL SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 

  
 14 

 2.14.4. Acts of Holders. The Depositary, as a Holder, may appoint agents and
otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 

2.14.5. Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by
Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 
 2.14.6.
Agent Members. The registered Holder of a Security will be treated as the owner of such Security for all purposes and only registered Holders shall have rights under this Indenture and the Securities. Members of, or participants in, the
Depositary (“Agent Members”) and persons who hold beneficial interests in a Global Security through an Agent Member shall have no rights under this Indenture with respect to any Global Security held on their behalf by the
Depositary. The Depositary may be treated by the Company, the Trustee, the Paying Agent, the Registrar and any agent of the foregoing as the absolute owner of the Global Securities for all purposes whatsoever. Notwithstanding the foregoing, nothing
herein shall prevent the Company, the Trustee, the Paying Agent, the Registrar or any agent of the foregoing from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the
Depositary and its Agent Members, the operation of customary practices of such Depositary governing the exercise of the rights of a Holder of a beneficial interest in any Global Security. 

Section 2.15. CUSIP Numbers. 

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

ARTICLE III. 
 REDEMPTION 

Section 3.1. Notice to Trustee. 

The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to
redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to
redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee in writing of the redemption date and the principal amount of the Series of Securities to be
redeemed. The Company shall give the notice at least 15 days before the redemption date (or such shorter period as may be acceptable to the Trustee). 

  
 15 

 Section 3.2. Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, if
less than all the Securities of a Series are to be redeemed, the Securities of the Series to be redeemed will be selected as follows: (a) if the Securities are in the form of Global Securities, in accordance with the procedures of the
Depositary, (b) if the Securities are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed or (c) if not otherwise
provided for under clause (a) or (b) in the manner that the Trustee deems fair and appropriate, including by lot or other method, unless otherwise required by law or applicable stock exchange requirements, subject, in the case of Global
Securities, to the applicable rules and procedures of the Depositary. The Securities to be redeemed shall be selected from Securities of the Series outstanding not previously called for redemption. Portions of the principal of Securities of the
Series that have denominations larger than $1,000 may be selected for redemption. Securities of the Series and portions of them it selected for redemption shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of
any Series issuable in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and the authorized integral multiples thereof. Provisions of this Indenture that apply to Securities of a Series called
for redemption also apply to portions of Securities of that Series called for redemption. Neither the Trustee nor the Paying Agent shall be liable for any selection made by it in accordance with this paragraph (including the procedures of the
Depositary). 
 Section 3.3. Notice of Redemption. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, at
least 15 days but not more than 60 days before a redemption date, the Company shall send or cause to be sent by first-class mail or electronically, in accordance with the procedures of the Depositary, a notice of redemption to each Holder whose
Securities are to be redeemed. 
 The notice shall identify the Securities of the Series to be redeemed and shall state: 

(a) the redemption date; 

(b) the redemption price; 

(c) the name and address of the Paying Agent; 

(d) if any Securities are being redeemed in part, the portion of the principal amount of such Securities to be redeemed and
that, after the redemption date and upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion of the original Security shall be issued in the name of the Holder thereof upon cancellation of the
original Security; 

  
 16 

 (e) that Securities of the Series called for redemption must be surrendered
to the Paying Agent to collect the redemption price; 
 (f) that interest on Securities of the Series called for redemption
ceases to accrue on and after the redemption date unless the Company defaults in the deposit of the redemption price; 
 (g)
the “CUSIP” number, if any; and 
 (h) any other information as may be required by the terms of the particular
Series or the Securities of a Series being redeemed. 
 At the Company’s request, the Trustee shall give the notice of redemption in
the Company’s name and at its expense, provided, however, that the Company has delivered to the Trustee, at least 10 days (unless a shorter time shall be acceptable to the Trustee) prior to the notice date, an Officer’s Certificate
requesting that the Trustee give such notice and setting forth the information to be stated in such notice and the form of such notice. 

Section 3.4. Effect of Notice of Redemption. 

Once notice of redemption is sent as provided in Section 3.3, Securities of a Series called for redemption become due and payable on the
redemption date and at the redemption price. Except as otherwise provided in the supplemental indenture, Board Resolution or Officer’s Certificate for a Series, a notice of redemption may not be conditional. Upon surrender to the Paying Agent,
such Securities shall be paid at the redemption price plus accrued interest to the redemption date. 
 Section 3.5. Deposit of
Redemption Price. 
 On or before 11:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying
Agent money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

Section 3.6. Securities Redeemed in Part. 

Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the
same maturity equal in principal amount to the unredeemed portion of the Security surrendered. 
 ARTICLE IV. 

COVENANTS 

Section 4.1. Payment of Principal and Interest. 

The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the
principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. On or before 11:00 a.m., New York City time, on the applicable payment date, the Company shall deposit with the
Paying Agent money sufficient to pay the principal of and interest, if any, on the Securities of each Series in accordance with the terms of such Securities and this Indenture. 

  
 17 

 Section 4.2. SEC Reports. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee within 15 days after it files them with the
SEC 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 SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant
to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other provisions of TIA § 314(a). Reports, information and documents filed with the SEC via the EDGAR system will be deemed to be delivered to the Trustee
as of the time of such filing via EDGAR for purposes of this Section 4.2. 
 Delivery of reports, information and documents to the
Trustee under this Section 4.2 is for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive or actual notice of any information contained therein or determinable from information contained
therein, including the Company’s compliance with any of the covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). All such reports, information or documents referred to in this
Section 4.2 that the Company files with the SEC via the SEC’s EDGAR system shall be deemed to be filed with the Trustee and transmitted to Holders at the time such reports, information or documents are filed via the EDGAR system (or any
successor system). 
 Section 4.3. Compliance Certificate. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company, an Officer’s Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officer with a view to
determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to such Officer signing such certificate, that to the best of his/her knowledge the Company has kept, observed,
performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred,
describing all such Defaults or Events of Default of which the Officer may have knowledge). 
 Section 4.4. Stay, Extension and
Usury Laws. 
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead or in
any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities; and the
Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the
Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 

  
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 ARTICLE V. 

SUCCESSORS 

Section 5.1. When Company May Merge, Etc. 

The Company shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its properties and
assets to, any person (a “successor person”) unless: 
 (a) the Company is the surviving entity or the
successor person (if other than the Company) is a corporation, partnership, trust or other entity organized and validly existing under the laws of any U.S. domestic jurisdiction and expressly assumes by supplemental indenture the Company’s
obligations on the Securities and under this Indenture; and 
 (b) immediately after giving effect to the transaction, no
Default or Event of Default, shall have occurred and be continuing. 
 The Company shall deliver to the Trustee prior to the consummation of
the proposed transaction an Officer’s Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture. 

Notwithstanding the above, any Subsidiary of the Company may consolidate with, merge into or transfer all or part of its properties to the
Company. Neither an Officer’s Certificate nor an Opinion of Counsel shall be required to be delivered in connection therewith. 

Section 5.2. Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company
in accordance with Section 5.1, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for,
and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor person has been named as the Company herein; provided, however, that the predecessor Company in the case of a sale,
conveyance or other disposition (other than a lease) shall be released from all obligations and covenants under this Indenture and the Securities. 

ARTICLE VI. 
 DEFAULTS AND REMEDIES

 Section 6.1. Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events,
unless in the establishing Board Resolution, supplemental indenture or Officer’s Certificate it is provided that such Series shall not have the benefit of said Event of Default: 

  
 19 

 (a) default in the payment of any interest on any Security of that Series
when it becomes due and payable, and continuance of such default for a period of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to 11:00 a.m., New York City time, on the 30th day of such period); 
 (b) default in the payment of principal of any
Security of that Series at its Maturity; 
 (c) default in the performance or breach of any covenant or warranty of the
Company in this Indenture (other than defaults pursuant to paragraph (a) or (b) above or pursuant to a covenant or warranty that has been included in this Indenture solely for the benefit of a Series of Securities other than that Series), which
default continues uncured 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; 

(d) the Company 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, 

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

(v) generally is unable to pay its debts as the same become due; 

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

(i) is for relief against the Company in an involuntary case, 

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

(iii) orders the liquidation of the Company, 

and the order or decree remains unstayed and in effect for 60 days; or 

  
 20 

 (f) any other Event of Default provided with respect to Securities of that
Series, which is specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, in accordance with Section 2.2.18. 

The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term
“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
 The Company
will provide the Trustee written notice of any Default or Event of Default within 30 days of becoming aware of the occurrence of such Default or Event of Default, which notice will describe in reasonable detail the status of such Default or Event of
Default and what action the Company is taking or proposes to take in respect thereof. 
 Section 6.2. 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 (other than an Event of Default referred to in Section 6.1(d) or (e)) then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding Securities of that Series may declare the principal
amount (or, if any Securities of that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) of and accrued and unpaid interest, if any, on all of 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 Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately
due and payable. If an Event of Default specified in Section 6.1(d) or (e) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto become and
be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 
 At any time after such a
declaration of acceleration with respect to 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 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 all Events of Default with respect to Securities of that Series, other than the non-payment of the principal and interest, if any, of Securities of that Series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.13. 

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

Section 6.3. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if: 

(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default
continues for a period of 30 days, 

  
 21 

 (b) default is made in the payment of principal of any Security at the
Maturity thereof, or 
 (c) default is made in the deposit of any sinking fund payment, if any, when and as due by the terms
of a Security, 
 then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount
then due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates prescribed therefor in
such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the compensation, reasonable 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, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys
adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

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

Section 6.4. Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be
due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention
in such proceeding or otherwise, 
 (a) to file and prove a claim for the whole amount of principal and interest 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 compensation, reasonable expenses, disbursements and advances of
the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 

  
 22 

 (b) to collect and receive any moneys or other property payable or
deliverable on any such claims and to distribute the same, and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments
to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the compensation, reasonable expenses, disbursements and advances of the Trustee, its
agents and counsel and any other amounts due the Trustee under Section 7.7. 
 Nothing herein contained shall be deemed to authorize
the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in
respect of the claim of any Holder in any such proceeding. 
 Section 6.5. Trustee May Enforce Claims Without Possession of
Securities. 
 All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee
without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of
judgment shall, after provision for the payment of the compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such
judgment has been recovered. 
 Section 6.6. Application of Money Collected. 

Any money or property 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 or property on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 First: To the payment of all amounts due the Trustee under Section 7.7; and 

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

Third: To the Company. 

Section 6.7. Limitation on Suits. 

No Holder of any Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
 (a) such Holder has
previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that Series; 

  
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 (b) 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; 

(c) such Holder or Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against the costs,
expenses and liabilities which might be incurred by the Trustee in compliance with such request; 
 (d) the Trustee for 60
days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (e)
no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series; 

it being understood, intended and expressly covenanted by the Holder of every Security with every other Holder and the Trustee 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 of the applicable Series. 

Section 6.8. Unconditional Right of Holders to Receive Principal and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional,
to receive payment of the principal of and interest, if any, on such Security on the Maturity of such Security, including the Stated Maturity expressed in such Security (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 6.9. Restoration of Rights and Remedies. 

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

Section 6.10. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in
Section 2.8, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent
the concurrent assertion or employment of any other appropriate right or remedy. 

  
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 Section 6.11. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default
shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as
often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 6.12. Control by
Holders. 
 The Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such Series, provided that 

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

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

(c) subject to the provisions of Section 7.1, the Trustee shall have the right to decline to follow any such direction if
the Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability, and 

(d) prior to taking any action as directed under this Section 6.12, the Trustee shall be entitled to indemnity
satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

Section 6.13. Waiver of Past Defaults. 

The Holders of not less than 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, by written notice to the Trustee and the Company, waive any past Default hereunder with respect to such Series and its consequences, except a Default in the payment of the principal of or interest on any Security of
such Series (provided, however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from such
acceleration). 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 impair any right consequent thereon. 

  
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 Section 6.14. 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, suffered or omitted by it as Trustee, the filing by any party litigant in such suit
of an 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 Company, 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 of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Maturity of such
Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date). 
 ARTICLE VII.

 TRUSTEE 

Section 7.1. Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by
this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(i) The Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied
covenants or obligations will be read into this Indenture against the Trustee. 
 (ii) In the absence of bad faith on its
part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon Officer’s Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of
this Indenture; however, in the case of any such Officer’s Certificates or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officer’s
Certificates and Opinions of Counsel to determine whether or not they conform to the form requirements of this Indenture. 

(c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own
willful misconduct, except that: 
 (i) This paragraph does not limit the effect of paragraph (b) of this Section. 

  
 26 

 (ii) The Trustee shall not be liable for any error of judgment made in good
faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 

(iii) The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it with respect to
Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding Securities of such Series relating to the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such Series in accordance with Section 6.12. 

(d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph (a), (b) and (c) of
this Section. 
 (e) The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity
satisfactory to it against the costs, expenses and liabilities which might be incurred by it in performing such duty or exercising such right or power. 

(f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with
the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(g) No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial liability
in the performance of any of its duties or in the exercise of any of its rights or powers, if adequate indemnity against such risk is not assured to the Trustee in its satisfaction. 

(h) The Paying Agent, the Notice Agent, the Registrar, any authenticating agent and the Trustee when acting in any other
capacity hereunder shall be entitled to the protections and immunities as are set forth in this Article VII. 
 (i) The
rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and will be enforceable by, the Trustee in each of its capacities under this Indenture. 

Section 7.2. Rights of Trustee. 

(a) The Trustee may rely on and shall be protected in acting or refraining from acting upon any document (whether in its
original or facsimile form) believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

(b) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or
both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. 

  
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 (c) The Trustee may act through agents and shall not be responsible for the
misconduct or negligence of any agent appointed with due care. No Depositary shall be deemed an agent of the Trustee, and the Trustee shall not be responsible for any act or omission by any Depositary. 

(d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized
or within its rights or powers. 
 (e) The Trustee may consult with 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. 

(f) 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 unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such
request or direction. 
 (g) The Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further
inquiry or investigation into such facts or matters as it may see fit. 
 (h) The Trustee shall not be deemed to have notice
of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by a Responsible Officer at the Corporate Trust Office of
the Trustee, and such notice references the Securities generally or the Securities of a particular Series and this Indenture. 

(i) In no event shall the Trustee be liable to any person for special, punitive, indirect, consequential or incidental loss or
damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss or damage. 

(j) The permissive right of the Trustee to take the actions permitted by this Indenture shall not be construed as an obligation
or duty to do so. 
 (k) The Trustee will not be required to give any bond or surety in respect of the execution of this
Indenture or otherwise. 
 Section 7.3. Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or
an Affiliate of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to Sections 7.10 and 7.11. 

  
 28 

 Section 7.4. Trustee’s Disclaimer. 

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities. The Trustee shall not be accountable
for the Company’s use of the proceeds from the Securities and shall not be responsible for any statement in the Securities other than its certificate of authentication. 

Section 7.5. Notice of Defaults. 

If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Responsible
Officer of the Trustee, the Trustee shall send to each Holder of the Securities of that Series notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of such
Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as its corporate trust committee or a committee
of its Responsible Officers in good faith determines that withholding the notice is in the interests of Holders of that Series. The Trustee will not be deemed to have notice or be charged with knowledge of any Default or Event of Default unless
written notice thereof has been received by a Responsible Officer, and such notice references the applicable Series of Securities and this Indenture and states on its face that a Default or Event of Default has occurred. 

Section 7.6. Reports by Trustee to Holders. 

Within 60 days after each anniversary of the date of this Indenture, the Trustee shall transmit by mail to all Holders, as their names and
addresses appear on the register kept by the Registrar, a brief report dated as of such anniversary date, in accordance with, and to the extent required under, TIA § 313. 

A copy of each report at the time of its mailing to Holders of any Series shall be filed with the SEC and each national securities exchange on
which the Securities of that Series are listed. The Company shall promptly notify the Trustee in writing when Securities of any Series are listed on any national securities exchange. 

Section 7.7. Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time compensation for its services as the Company and the Trustee shall from time to time
agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. 

The Company shall indemnify each of the Trustee and any predecessor Trustee (including for the cost of defending itself) against any cost,
expense or liability, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it except as set forth in the next paragraph in the performance of its duties under this Indenture as Trustee or
Agent. The Trustee shall notify the Company promptly of any claim for which it 

  
 29 

 
may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder, unless and to the extent that the Company is materially prejudiced
thereby. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel, and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any
settlement made without its consent, which consent will not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. 

The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any officer, director,
employee, shareholder or agent of the Trustee through willful misconduct or negligence, as determined by a final decision of a court of competent jurisdiction. 

To secure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities of any Series on all
money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities of that Series. 

When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(d) or (e) occurs, the
expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
 The
provisions of this Section shall survive the termination of this Indenture and the resignation or removal of the Trustee. 

Section 7.8. Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section. 
 The Trustee may resign with respect to the Securities of one or more Series by so
notifying the Company at least 30 days prior to the date of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and
the Company. The Company may remove the Trustee with respect to Securities of one or more Series if: 
 (a) the Trustee fails
to comply with Section 7.10; 
 (b) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered
with respect to the Trustee under any Bankruptcy Law; 
 (c) a Custodian or public officer takes charge of the Trustee or its
property; or 
 (d) the Trustee becomes incapable of acting. 

  
 30 

 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Company shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Securities may appoint a successor Trustee to replace the
successor Trustee appointed by the Company. 
 If a successor Trustee with respect to the Securities of any one or more Series does not take
office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities of the applicable Series may petition any court of competent
jurisdiction for the appointment of a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the
retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.7, the resignation or removal of the
retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee
shall send a notice of its succession to each Holder of each such Series. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 hereof shall continue for the benefit of
the retiring Trustee with respect to expenses and liabilities incurred by it for actions taken or omitted to be taken in accordance with its rights, powers and duties under this Indenture prior to such replacement. 

Section 7.9. Successor Trustee by Merger, Etc.  

Any organization or entity into which the Trustee may be merged or converted or with which it may be consolidated, or any organization or
entity resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any organization or entity succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided such organization or entity shall be otherwise qualified and eligible under Section 7.10, without the execution or filing of any paper or any further act on the part of any of the parties hereto. 

Section 7.10. Eligibility; Disqualification. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee shall always have
a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b). 

Section 7.11. Preferential Collection of Claims Against Company. 

The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or
been removed shall be subject to TIA § 311(a) to the extent indicated. 

  
 31 

 ARTICLE VIII. 

SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.1. Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Order be discharged with respect to the Securities of any Series and cease to be of further effect as to all
Securities of such Series (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute instruments acknowledging satisfaction and discharge of this Indenture, when 

(a) either 

(i) all Securities of such Series theretofore authenticated and delivered (other than Securities that have been destroyed, lost
or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 
 (ii) all such
Securities of such Series not theretofore delivered to the Trustee for cancellation: 
 (1) have become due and payable by
reason of sending a notice of redemption or otherwise, 
 (2) will become due and payable at their Stated Maturity within
one year, 
 (3) have been called for redemption or 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, or 

(4) are deemed paid and discharged pursuant to Section 8.3, as applicable; 

and the Company, in the case of (1), (2) or (3) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust an
amount of money or U.S. Government Obligations, which amount shall be sufficient for the purpose of paying and discharging each installment of principal (including mandatory sinking fund payments or analogous payments) of and interest on all the
Securities of such Series on the dates such installments of principal or interest are due; 
 (b) the Company has paid or
caused to be paid all other sums payable hereunder by the Company; and 
 (c) the Company has delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the satisfaction and discharge contemplated by this Section have been complied with. 

  
 32 

 Notwithstanding the satisfaction and discharge of this Indenture, (x) the obligations
of the Company to the Trustee under Section 7.7, (y) if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.2 and 8.5, and (z) the rights, powers, trusts
and immunities of the Trustee hereunder and the Company’s obligations in connection therewith shall survive. 

Section 8.2. Application of Trust Funds; Indemnification. 

(a) Subject to the provisions of Section 8.5, all money and U.S. Government Obligations or Foreign Government Obligations
deposited with the Trustee pursuant to Section 8.1, 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.1, 8.3 or
8.4, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee
may determine, to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to make mandatory sinking fund payments or analogous payments as contemplated by
Sections 8.1, 8.3 or 8.4. 
 (b) The Company shall pay and shall indemnify the Trustee (which indemnity shall survive
termination of this Indenture) against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.1, 8.3 or 8.4 or the interest and principal received in
respect of such obligations other than any payable by or on behalf of Holders. 
 (c) The Trustee shall deliver or pay to the
Company from time to time upon Company Order any U.S. Government Obligations or Foreign Government Obligations or money held by it as provided in Sections 8.3 or 8.4 which, in the opinion of a nationally recognized firm of independent certified
public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government
Obligations or Foreign Government Obligations or money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government Obligations held under this Indenture. 

Section 8.3. Legal Defeasance of Securities of any Series. 

Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2, to be inapplicable to Securities of any Series, the Company
shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of this Indenture, as
it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon receipt of a Company Order, execute instruments acknowledging the same), except as to: 

  
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 (a) the rights of Holders of Securities of such Series to receive, from the
trust funds described in subparagraph (d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Maturity of such principal or installment of principal or
interest and (ii) the benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such
Series; 
 (b) the provisions of Sections 2.4, 2.5, 2.7, 2.8, 7.7, 8.2, 8.3, 8.5 and 8.6; and 

(c) the rights, powers, trusts and immunities of the Trustee hereunder and the Company’s obligations in connection
therewith; 
 provided that, the following conditions shall have been satisfied: 

(d) the Company shall have irrevocably deposited or caused to be deposited (except as provided in Section 8.2(c)) with the
Trustee as trust funds specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government
Obligations or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect
thereof in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the
opinion of a nationally recognized firm of independent public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, on and any
mandatory sinking fund payments in respect of all the Securities of such Series on the dates such installments of principal or interest and such sinking fund payments are due; 

(e) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound; 
 (f) no Default or Event of Default with
respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

(g) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel to the effect that
(i) the Company has 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 of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit, defeasance and
discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred; 

  
 34 

 (h) the Company shall have delivered to the Trustee an Officer’s
Certificate stating that the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

(i) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with. 

Section 8.4. Covenant Defeasance. 

Unless this Section 8.4 is otherwise specified pursuant to Section 2.2 to be inapplicable to Securities of any Series, the Company
may omit to comply with respect to the Securities of any Series with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4 and 5.1 and, unless otherwise specified therein, any additional covenants specified in a supplemental
indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 (and the failure to comply with any such covenants shall not constitute a Default or Event of Default with respect
to such Series under Section 6.1) and the occurrence of any event specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 and designated
as an Event of Default shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series, but, except as specified above, the remainder of this Indenture and such Securities will be unaffected thereby;
provided that the following conditions shall have been satisfied: 
 (a) with reference to this Section 8.4, the Company
has irrevocably deposited or caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee 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 (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations or (ii) in the case of Securities of such Series denominated
in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment and
assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent certified public accountants
or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal (including mandatory sinking fund payments or analogous payments) of and interest on all the Securities of
such Series on the dates such installments of principal or interest are due; 
 (b) such deposit will not result in a breach
or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 

  
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 (c) no Default or Event of Default with respect to the Securities of such
Series shall have occurred and be continuing on the date of such deposit; 
 (d) the Company shall have delivered to the
Trustee an Officers’ Certificate and an Opinion of Counsel to the effect that the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit and covenant
defeasance and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and covenant defeasance had not occurred; 

(e) The Company shall have delivered to the Trustee an Officer’s Certificate stating the deposit was not made by the
Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 
 (f) The
Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the covenant defeasance contemplated by this Section have been complied
with. 
 Section 8.5. Repayment to Company. 

Subject to applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon request any money held by them for
the payment of principal and interest that remains unclaimed for two years. After that, Holders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person.

 Section 8.6. Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money deposited with respect to Securities of any Series in accordance with
Section 8.1 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the obligations of the Company under this Indenture
with respect to the Securities of such Series and under the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1 until such time as the Trustee or the Paying Agent is permitted to
apply all such money in accordance with Section 8.1; provided, however, that if the Company has made any payment of principal of or interest on any Securities because of the reinstatement of its obligations, the Company shall be
subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent after payment in full to the Holders. 

ARTICLE IX. 
 AMENDMENTS AND
WAIVERS 
 Section 9.1. Without Consent of Holders. 

The Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any Holder:

  
 36 

 (a) to cure any ambiguity, defect or inconsistency; 

(b) to comply with Article V; 

(c) to provide for uncertificated Securities in addition to or in place of certificated Securities; 

(d) to add guarantees with respect to Securities of any Series or secure Securities of any Series; 

(e) to surrender any of the Company’s rights or powers under this Indenture; 

(f) to add covenants or events of default for the benefit of the holders of Securities of any Series; 

(g) to comply with the applicable procedures of the applicable depositary; 

(h) to make any change that does not adversely affect the rights of any Holder; 

(i) to provide for the issuance of and establish the form and terms and conditions of Securities of any Series as permitted by
this Indenture; 
 (j) 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 

(k) to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA.

 Section 9.2. With Consent of Holders. 

Subject to Section 9.3, the Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders of at
least a majority in principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of each such Series. Except as provided in
Section 6.13, and subject to Section 9.3, the Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with a tender offer or
exchange offer for the Securities of such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series. 

It shall not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any
proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental indenture or waiver under this section becomes effective, the Company shall send to the Holders of Securities
affected thereby, a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to send such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental
indenture or waiver. 

  
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 Section 9.3. Limitations. 

Without the consent of each Holder affected, an amendment or waiver may not: 

(a) reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or waiver; 

(b) reduce the rate of or extend the time for payment of interest (including default interest) on any Security; 

(c) reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed for,
the payment of any sinking fund or analogous obligation; 
 (d) reduce the principal amount of Discount Securities payable
upon acceleration of the maturity thereof; 
 (e) waive a Default or Event of Default in the payment of the principal of or
interest, if any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment default that
resulted from such acceleration); 
 (f) make the principal of or interest, if any, on any Security payable in any currency
other than that stated in the Security; 
 (g) make any change in Sections 6.8, 6.13 or 9.3 (this sentence); or 

(h) waive a redemption payment with respect to any Security, provided that such redemption is made at the Company’s
option. 
 Section 9.4. Compliance with Trust Indenture Act. 

Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies
with the TIA as then in effect. 
 Section 9.5. Revocation and Effect of Consents. 

Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a Security is a
continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such
Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date of the supplemental indenture or the date the waiver becomes effective. 

  
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 Any amendment or waiver once effective shall bind every Holder of each Series affected by
such amendment or waiver unless it is of the type described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of
a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security. 
 The Company may, but shall not
be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then
notwithstanding the second immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously
given or take any such action, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date. 

Section 9.6. Notation on or Exchange of Securities. 

The Company or the Trustee may, but shall not be obligated to, place an appropriate notation about an amendment or waiver on any Security of
any Series thereafter authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon receipt of a Company Order in accordance with Section 2.3 new Securities of that Series that reflect
the amendment or waiver. 
 Section 9.7. Trustee Protected. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, upon request, an Officer’s Certificate and/or an Opinion of Counsel complying with Sections 10.4 and 10.5 and (subject to Section 7.1) shall be fully
protected in relying upon such Officer’s Certificate and/or Opinion of Counsel. The Trustee shall sign all supplemental indentures upon delivery of such an Officer’s Certificate or Opinion of Counsel or both, except that the Trustee need
not sign any supplemental indenture that adversely affects its rights, duties, liabilities or immunities under this Indenture. 
 ARTICLE X.

 MISCELLANEOUS 

Section 10.1. Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies or conflicts with another provision which is required or deemed to be included in this
Indenture by the TIA, such required or deemed provision shall control. 

  
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 Section 10.2. Notices. 

Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly given if in
writing and delivered in person or mailed by first-class mail (registered or certified, return receipt requested), email or overnight air courier guaranteeing next day delivery, to the others’ address:

 if to the Company: 

Advanced Micro Devices, Inc. 

2485 Augustine Drive 

Santa Clara, California 95054 

Attention: Harry A. Wolin 

Telephone: (408) 749-4000 

with a copy to: 

Latham & Watkins LLP 

140 Scott Drive 

Menlo Park, California 94025 

Attention: Tad J. Freese and Brian D. Paulson 

Telephone: (650) 328-4600 

if to the Trustee: 
 U.S. Bank
Trust Company, National Association 
 Global Corporate Trust 

1 California Street, Suite 1000 

San Francisco, California 94111 

Attention: David A. Jason 

Telephone: (415) 677-3622 

The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.

 Any notice or communication to a Holder shall be sent electronically or by first-class mail or overnight air courier to his, her or its
address shown on the register kept by the Registrar, in accordance with the procedures of the Depositary. Failure to send a notice or communication to a Holder of any Series or any defect in it shall not affect its sufficiency with respect to other
Holders of that or any other Series. 
 If a notice or communication is sent or published in the manner provided above, within the time
prescribed, it is duly given, whether or not the Holder receives it. 
 If the Company sends a notice or communication to Holders, it shall
send a copy to the Trustee and each Agent at the same time. 
 The Trustee shall not have any duty to confirm that the person sending any
notice, instruction or other communication by electronic transmission (including by e-mail, facsimile transmission, web portal or other electronic methods) is, in fact, a person authorized to do so. Electronic
signatures believed by the Trustee to comply with the ESIGN Act of 2000 or other 

  
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applicable law (including electronic images of handwritten signatures and digital signatures provided by DocuSign, Orbit, Adobe Sign or any other digital signature provider acceptable to the
Trustee) shall be deemed original signatures for all purposes. The Company assumes all risks arising out of the use of electronic signatures and electronic methods to send communications to the Trustee, including without limitation the risk of the
Trustee acting on an unauthorized communication, and the risk of interception or misuse by third parties. 
 Notwithstanding any other
provision of this Indenture or any Security, where this Indenture or any Security provides for notice of any event (including any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be
sufficiently given to the Depositary for such Security (or its designee) pursuant to the customary procedures of such Depositary. 

Section 10.3. Communication by Holders with Other Holders. 

Holders of any Series may communicate pursuant to TIA § 312(b) with other Holders of that Series or any other Series with respect to their
rights under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 

Section 10.4. Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee: 
 (a) an Officer’s Certificate stating that, in the opinion of the signers, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with; and 
 (b) an Opinion of Counsel
stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

Section 10.5. Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include: 
 (a) a
statement that the person making such certificate or opinion has read such covenant or condition; 
 (b) 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; 

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

  
 41 

 (d) a statement as to whether or not, in the opinion of such person, such
condition or covenant has been complied with. 
 Section 10.6. Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or a meeting of Holders of one or more Series. Any Agent may make reasonable rules and set
reasonable requirements for its functions. 
 Section 10.7. Legal Holidays. 

If a payment date for any payment made under this Indenture is not a Business Day, payment may be made on the next succeeding Business Day, and
no interest shall accrue for the intervening period. 
 Section 10.8. No Recourse Against Others. 

A director, officer, employee or stockholder (past or present), as such, of the Company shall not have any liability for any obligations of the
Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and release are part of
the consideration for the issue of the Securities. 
 Section 10.9. Counterparts. 

This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or electronic format (e.g., “.pdf” or
“.tif”) transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or electronic format (e.g., “.pdf” or “.tif”) shall be deemed to be their original signatures for all purposes. 

Unless otherwise provided herein or in any other Securities, the words “execute”, “execution”, “signed” and
“signature” and words of similar import used in or related to any document to be signed in connection with this Indenture, any Securities or any of the transactions contemplated hereby (including amendments, waivers, consents and other
modifications) shall be deemed to include electronic signatures and the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a
paper-based recordkeeping system, as applicable, to the fullest extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records
Act and any other similar state laws based on the Uniform Electronic Transactions Act. 

  
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 Section 10.10. Governing Law; Waiver of Jury Trial; Consent to
Jurisdiction. 
 THIS INDENTURE AND THE SECURITIES, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THE INDENTURE OR
THE SECURITIES, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 THE COMPANY, THE TRUSTEE AND THE HOLDERS (BY THEIR
ACCEPTANCE OF THE SECURITIES) EACH HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 Any legal suit, action or proceeding arising out of or based upon this Indenture or the
transactions contemplated hereby may be instituted in the federal courts of the United States of America located in the City of New York or the courts of the State of New York in each case located in the City of New York (collectively, the
“Specified Courts”), and each party irrevocably submits to the non-exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of any process, summons, notice or
document by mail (to the extent allowed under any applicable statute or rule of court) to such party’s address set forth above shall be effective service of process for any suit, action or other proceeding brought in any such court. The
Company, the Trustee and the Holders (by their acceptance of the Securities) each hereby irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and
unconditionally waive and agree not to plead or claim any such suit, action or other proceeding has been brought in an inconvenient forum. 

Section 10.11. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such
indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 10.12. Successors. 

All agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture
shall bind its successor. 
 Section 10.13. Severability. 

In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 10.14. Table of
Contents, Headings, Etc. 
 The Table of Contents, Cross Reference Table, headings of the Articles and Sections of this Indenture have
been inserted for convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms or provisions hereof. 

  
 43 

 Section 10.15. Securities in a Foreign Currency. 

Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to
Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series
or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in more than one currency, then the principal amount of Securities of such Series which
shall be deemed to be outstanding for the purpose of taking such action shall be determined by converting any such other currency into a currency that is designated upon issuance of any particular Series of Securities. Unless otherwise specified in
a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, such conversion shall be at the spot rate for the
purchase of the designated currency as published in The Financial Times in the “Currency Rates” section (or, if The Financial Times is no longer published, or if such information is no longer available in The Financial Times, such source
as may be selected in good faith by the Company) on any date of determination. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than
Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 
 All decisions and
determinations provided for in the preceding paragraph shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the Trustee and all Holders. 

Section 10.16. Judgment Currency. 

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining
judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered
(the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in the City of New York the Required Currency with the Judgment Currency on the
day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in the City of New
York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency
(i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or
recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the
purpose of recovering in the Required Currency 

  
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the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being
obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in the City of New York on which banking institutions are
authorized or required by law, regulation or executive order to close. 
 Section 10.17. Force Majeure. 

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

Section 10.18. U.S.A. Patriot Act. 

The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee is required to obtain, verify
and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request
in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 
 ARTICLE XI. 

SINKING FUNDS 

Section 11.1. Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series if so provided by the
terms of such Securities pursuant to Section 2.2, except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 

The minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a
“mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of
any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.2. Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the
Securities of such Series. 

  
 45 

 Section 11.2. Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and
(2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities
(except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so
credited. Such Securities shall be received by the Trustee, together with an Officer’s Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities for redemption and
shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery
or credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not
call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment,
provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by
the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company. 

Section 11.3. Redemption of Securities for Sinking Fund. 

Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officer’s Certificate in
respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing mandatory sinking
fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that
Series pursuant to Section 11.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified. Not less than 30 days
(unless otherwise indicated in the Board Resolution, Officer’s Certificate or supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Securities to be redeemed upon such sinking
fund payment date will be selected in the manner specified in Section 3.2, and the Company shall send or cause to be sent a notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in
and in accordance with Section 3.3. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.4, 3.5 and 3.6. 

  
 46 

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

			
	Advanced Micro Devices, Inc.
		
	By:	 	          

		 	Name:
		 	Its:
	
	 U.S. Bank Trust Company, National

Association, as Trustee

		
	By:	 	          

		 	Name:
		 	Its:EX-10.1

 Exhibit 10.1 

Certain confidential information contained in this document that 

is marked by [***] has been omitted because it is (i) not material 

and (ii) would likely cause competitive harm if publicly disclosed. 

ENGINEERING, PROCUREMENT & CONSTRUCTION AGREEMENT 

THIS ENGINEERING, PROCUREMENT & CONSTRUCTION AGREEMENT is made as of the 3rd day of June 2022 (the “Effective Date”)

 BETWEEN: 
 PotlatchDeltic
Manufacturing, LLC 
 601 W. First Avenue Suite 1600 

Spokane, WA 99201 
 (the
“Owner”) 
 AND: 
 BID
Group Construction US Inc. 
 5154 Hwy 78 

Saint George, SC, 29477 
 (the
“Contractor”) 
 WHEREAS the Owner wishes to engage the Contractor to supply a sawmill modernization project in connection with the design,
manufacture, construction and equipping of the project at the Owner’s sawmill located in Waldo, Arkansas, USA, and the Contractor wishes to design, manufacture, supply, construct and install such project at the mill, all in accordance with the
terms and conditions hereof; 
 NOW THEREFORE in consideration of the mutual covenants and agreements herein contained, the parties agree as follows:

  

	1.	 DEFINITIONS AND EXHIBITS 

 

	 	1.1	 Definitions. In addition to the defined terms set out in General Conditions of Exhibit “E”
hereto, unless the context otherwise requires, the following words and phrases shall have the following meanings, and capitalized words and phrases defined in this Agreement or elsewhere in the Contract Documents shall have the same meaning in each
of the Contract Documents: 

	 	1.1.1	 “Affiliate” shall mean any person, firm, corporation, association, organization, or
unincorporated trade or business that, now or hereafter, directly or indirectly, controls, is controlled by, or is under common control with the Contractor. 

  

	 	1.1.2	 “Agreement” means this engineering, procurement and construction agreement as it may be
amended from time to time in accordance with its terms; 

  

	 	1.1.3	 “Applicable Laws” means all applicable statutes, rules, regulations, ordinances, writs,
judgments, decrees, standards, orders, directives, treaties, conventions, priorities, injunctions and restrictions, now or hereafter in force, of any governmental authority having jurisdiction; 

 

	 	1.1.4	 “Contract” means the entire agreement between the parties respecting the Work, as comprised by
all of the Contract Documents; 

  

	 	1.1.5	 “Contract Documents” means this Agreement and the following Exhibits hereto, as it or they may
be amended from time to time in accordance with their terms: 

  

					
	Exhibit “A”	  	-	  	Scope of Work
	Exhibit “B”	  	-	  	Intentionally Left Blank
	Exhibit “C”	  	-	  	Payment Terms and Work Schedule
	Exhibit “D”	  	-	  	Owner’s Obligations
	Exhibit “E”	  	-	  	General Conditions

 together with all plans, drawings and blueprints approved in writing by each of the Owner and Contractor
(including general arrangement drawings prepared by or for the Contractor); 
  

	 	1.1.6	 “Taxes” mean, collectively, any and all federal, state and local taxes, assessments, charged
or assessed by any governmental authority for public purposes in accordance with Applicable Laws; and 

  

	 	1.1.7	 “Work” has the meaning set out in section 2.1 of this Agreement. 

 

	2.	 CONTRACTOR’S RESPONSIBILITIES 

 

	 	2.1	 The Work. The Contractor shall provide all labor, supervision, services, materials, supplies, equipment,
machinery, technical documentation and other things necessary or incidental to fulfil its obligations as described in Exhibit “A” – Scope of the Work, including, without limitation, the design, manufacture, supply and construction
relating to the Mill modernization project and the achievement of Total Performance, all in accordance with the Contract Documents but specifically excluding the Owner’s Obligations as set out in Exhibit “D” (collectively, the
“Work”). 

	 	2.2	 Work Schedule. The Contractor shall commence the Work immediately, and shall diligently and continuously
perform the Work and observe all other obligations of the Contractor under the Contract Documents to achieve Substantial Performance and Total Performance, and to complete the Work and all portions thereof, in accordance with Exhibit “C”
– Payment Terms and Work Schedule, subject to the Owner having timely completed the preparatory site work set forth in the Owner’s Obligations as set out in Exhibit “D” and except as otherwise provided in Exhibit “C”-
Payment Terms and Work Schedule. 

  

	 	2.3	 Notices. The Contractor shall provide the following information to the Owner: 

 

	 	2.3.1	 notice of the serial numbers for all machinery, equipment and other serial numbered goods comprised in the Work
to be manufactured or supplied by the Contractor on or before the delivery of each to the Place of Work; and 

  

	 	2.3.2	 notice of the anticipated delivery dates for the delivery to the Place of the Work of all machinery and
equipment comprised in the Work in accordance with Exhibit “B” – Payment Terms and Work Schedule. 

  

	 	2.4	 Contactor Status and Duties 

 

	 	2.4.1	 The Contractor is, and shall act in all respects as, an independent contractor. 

 

	 	2.4.2	 The Contractor represents that it is qualified and able to carry out and complete the Work and agrees to
perform the Work with due diligence and in a good and workmanlike manner. The Contractor’s workmanship shall be in accordance with the best recognized industry field and shop practices. All workers shall be skilled in the work to which they are
assigned, and all work shall be performed under the direct supervision of experienced and competent persons. The Contractor shall keep sufficient workers on the Work at all times and shall enforce strict discipline and good order among its
employees. The Contractor shall dismiss from the Work any worker to whom the Owner reasonably objects, if requested in writing by the Owner. 

  

	 	2.4.4	 The Contractor shall inform the Owner what permits and licenses are required for the Work, provide drawings,
materials and other information needed to obtain such permits and licenses and provide assistance in completing the applications for such permits and licenses. The Contractor shall acquaint itself with the limits of the property, including
easements, if any, on which the Work is to be performed, based on documentation provided to the Contractor by the Owner, and shall not trespass on the property of others. 

	 	2.4.5	 Contractor shall have and maintain ISNetworld certification, including a passing grade from ISNetworld.

  

	3.	 OWNER’S RESPONSIBILITIES 

 

	 	3.1	 The Owner shall be responsible for and shall perform, or cause to be performed, the obligations set forth in
Exhibit “D” – Owner’s Obligations and such other obligations as set forth elsewhere in the Contract Documents. 

  

	4.	 CONTRACT PRICE AND PAYMENT 

 

	 	4.1	 Contract Price. The Contract Price is $131,000,000.00, plus any applicable Taxes, and may only be
adjusted in accordance with the Contract Documents. For the purpose of clarity, the parties agree the Contract Price excludes all sales and use taxes but includes all duties, tariffs, customs and fees related to importing any property to the United
States. The parties agree to cooperate to accurately determine and lawfully minimize each party’s tax liability under the Contract, other than taxes imposed on the gross or net income of the Contractor (which are the responsibility of the
Contractor). The Contract Price shall be payable as set out in Exhibit “C” – Payment Terms and Work Schedule, and includes freight and other charges of any kind, save and except Taxes. All currencies in the Contract Document are in US
dollars. For greater certainty, the Contract Price does include a provision for a steel surcharge but any final adjustment of the Contract Price specific to the final steel surcharge or any other applicable indexing will be subject to the mechanisms
outlined in Exhibit “A”. 

  

	 	4.2	 Taxes. For work to be performed in Arkansas, the Contractor shall not pay sales or use taxes on
materials and equipment it purchases to be incorporated into the Work provided the Owner furnishes to the Contractor sufficient confirmation that the Owner has obtained the necessary exemptions in respect of such sales or use taxes. The Owner claims
exemption for such materials and equipment. If it is determined that any of the described property is not tax exempt, the Owner will report and pay the required tax, interest, and any applicable penalties. The above exemption does not apply to
tools, construction equipment, fuel, consumables, office equipment and supplies, maintenance and janitorial equipment and supplies, and other items not incorporated into the Work. The Contractor shall pay all sales and use taxes on such non-exempt items. 

	 	4.3	 Invoicing and Verification. The Contractor will invoice the Owner for each instalment of the Contract
Price as set out in Exhibit “C” and provide such other documentation as required by the Contract Document and as may be reasonably requested by the Owner, and, except as otherwise provided in Exhibit C for the final payment, the Owner will
pay the Contractor each such instalment within [***] Days after delivery of the respective invoices, subject to any reasons Owner may have for withholding such payment in accordance with the Contract. 

 

	 	4.4	 Nature of Invoice. Each invoice shall be signed by the Contractor’s Representative, and shall be an
affirmative representation by the Contractor that: 

  

	 	(a)	 Contractor has paid or will timely pay, all bills for labor, materials, equipment, and services furnished to
the project through the date of the previous invoice; and 

  

	 	(b)	 each portion of the Work represented in the current invoice was properly performed, without known defects, and
completed to the extent indicated. 

  

	 	4.5	 Lien Waivers. In addition to the other documentation required by the Contractor in connection with any
invoice (including invoices and final payment under this Contract), if requested by the Owner, the Contractor shall provide, with each invoice, a properly executed and witnessed lien waiver from the Contractor in form and substance reasonably
acceptable to the Owner. Further, if requested by the Owner the Contractor shall likewise provide properly executed lien waivers from those Subcontractors, sub-Subcontractors or material providers whose work
is included in the applicable invoice and whose contract with the Contractor exeeds a value of $[***], or as Owner may request as a result of a lien search or otherwise becoming aware of a lien, in form and substance reasonably acceptable to the
Owner. 

  

	 	4.6	 Interest. The Owner shall pay to the Contractor interest at the rate of [***]% per annum on all
undisputed amounts unpaid and at least ninety (90) Days past due under the Contract. 

  

	5.	 PERFORMANCE TESTS AND GUARANTEES 

 

	 	5.1	 Performance Tests and Guarantees. The Contractor will complete the Work in accordance with the Contract
Documents and the Work will achieve the performance tests and guarantees set out in Exhibit “A” – Scope of Work, as evidenced by the performance tests to be undertaken by the Contractor in accordance with the terms and conditions set
out therein. 

	 	5.2	 Remedial Action. If the Contractor shall fail in any respect to meet any of the performance test
requirements and guarantees set forth in Exhibit A, the Contractor shall promptly, and without cost to the Owner, take remedial action to achieve the requirements and guaranteed performance and shall take all commercially reasonably necessary
actions, if needed, to recover the planned progress of the Work. Such remedial action shall be performed at such times and in such manner as will minimize to the fullest extent any disruption to the Owner’s operations at the Place of the Work.

  

	6.	 WARRANTIES 

  

	 	6.1	 Mechanical Warranty. The Contractor warrants that all machinery, equipment and controls comprised in the
Work will comply with the Contract Documents, will be fit for the purpose for which they are intended to be used by the Owner and will be free from defects in materials, equipment and workmanship. The Contractor shall promptly and diligently repair,
replace or make new any portion of the Work in which any failure to conform to the Contract Documents or any defect in materials, equipment, or workmanship is discovered within one (1) year after the date Total Performance is achieved.

  

	 	6.2	 Title Warranty. The Contractor warrants that, upon payment of the entire Contract Price, the Owner will
have good and marketable title to the machinery, equipment and other chattels included in the Work, and all components thereof, free and clear of all liens, charges, encumbrances and third-party claims (including, without limitation, infringement
and like claims) of any kind whatsoever arising by, through or under the Contractor. 

  

	 	6.3	 Skill and Expertise Warranty. The Contractor warrants that it has the skill and expertise required to
perform the Work in accordance with the Contract Documents, that it has substantial experience in performing similar work and qualified personnel to perform the Work, and that it will perform the Work diligently and competently and in accordance
with the standards required by the Contract Documents and otherwise with such standards as may be generally accepted by other contractors performing similar work in the industry. Without limiting the foregoing, the standard of care for all design
professional services performed in connection with the Work shall be the care and skill ordinarily used by members of the design profession practicing under similar conditions at the same time and locality of the Place of the Work. Notwithstanding
the preceding sentence, 

	 	
if the parties agree upon specific performance standards for any aspect of the Work, including such standards as are set forth in the Scope of Work under the section on performance tests and
guarantees, the design professional services shall be performed to achieve such standards and the Work shall be completed in accordance with and shall achieve such standards. 

 

	 	6.4	 Intellectual Property Warranty. The Contractor warrants that it has title and ownership of, or a valid
license to use and/or sublicense the use of, all copyrights, patents and other intellectual property necessary to deliver and perform the Work as contemplated by the Contract Documents, and the Contractor has the full power and authority to enter
into the Contract with the Owner and to permit the use of the project and the Work. No intellectual property furnished or created by the Contractor in connection with this Contract shall infringe, misappropriate or otherwise violate any copyright,
trade secret, trade or service marks, patent or any other proprietary rights or intellectual property of any third party. The preceding sentences shall not apply to any such violation, infringement or misappropriation that is caused by material
given to the Contractor by the Owner for use in the Work if the Contractor’s work product would not otherwise violate, infringe or misappropriate but for such Owner-supplied materials. 

 

	 	6.5	 Notice by Owner of Defects. The Owner shall provide the Contractor with notice of observed material
defects and material deficiencies that occur during the warranty period as described in this Section 6. 

  

	 	6.6	 Warranty Exclusions. The warranties set forth in sections 6.1 to 6.4 above shall not apply to claims to
the extent arising out of: 

  

	 	6.6.1	 ordinary wear and tear by the Owner; 

 

	 	6.6.2	 the Owner’s non-observance of installation, operating, and/or
maintenance instructions or specifications provided by the Contractor to Owner in writing; 

  

	 	6.6.3	 the Owner’s abuse, improper use, or neglect of the Products; 

 

	 	6.6.4	 unauthorized modifications made to the Work or any component thereof by the Owner or any third party (other
than the Contractor or any subcontractor or sub-supplier of the Contractor); or 

  

	 	6.6.5	 any used equipment or any materials furnished by the Owner or any third party (other than the Contractor or any
subcontractor or sub-supplier of the Contractor) 

 (collectively, the
“Warranty Exclusions”); 

 in each case, to the extent that the Warranty Exclusions are the cause of a warranty claim.
For the purpose of clarity and avoidance of doubt, the warranties provided herein shall continue to apply to any and all portions of the Work that are unaffected by the Warranty Exclusions. Further, nothing contained in this Section 6 shall be
construed to establish a period of limitation with respect to other obligations the Contractor has under the Contract Documents. Establishment of the one-year period for correction of Work as described in
Section 6.1 relates only to the specific obligation of the Contractor to correct the Work, and has no relationship to any other remedies available to the Owner nor to the time within which the obligation to comply with the Contract Documents
may be sought to be enforced, nor to the time within which proceedings may be commenced to establish the Contractor’s liability with respect to the Contractor’s obligations other than specifically to correct the Work. 

 

	7.	 NOTICES 

  

	 	7.1	 Notices and communications between the parties shall be in writing and shall be considered received by the
addressee on the date of delivery, if delivered by hand, or if sent by facsimile or electronic mail transmission, to have been delivered on the Day following the date of transmission, when addressed as follows: 

To the Owner at: 

PotlatchDeltic Manufacturing, LLC 

601 W. First Avenue, Suite 1600 

Spokane, WA 99207 

Attention: Ashlee Cribb, Vice President, Wood Products  

Email: ashlee.cribb@potlatchdeltic.com  

To the Contractor at: 
 BID
Group Construction US Inc. 
 5154 Hwy 78 

Saint George, SC, 29477 

Attention: 
 Travis
McDonald, EVP Turnkey 
 Email: travis.mcdonald@bidgroup.ca 

	 	7.2	 Addresses for notices and communications may be changed by subsequent written notice to the other party.

  

	8.	 ENTIRE AGREEMENT 

The Contract Documents comprise the entire agreement between the parties relating to the Work. All representations, warranties, conditions,
terms, agreements or understandings, whether given or made before, on or after the date of this Agreement and whether written or verbal, are of no legal effect unless contained in the Contract Documents, a Change Order or other duly signed amendment
to the Contract. The Contract may only be amended by instrument in writing signed by authorized signatories of each of the parties, or as may be otherwise provided in the General Conditions attached hereto as Exhibit “E”. 

 

	9.	 HIERARCHY OF DOCUMENTS 

 

	 	9.1	 In construing the Contract Documents, and in the event of any conflict or inconsistency among them, the
Contract Documents have precedence among themselves in the order hereafter listed, each document having precedence over those which follow it: 

  

	 	9.1.1	 this Agreement; 

  

	 	9.1.2	 Exhibit “E” – General Conditions; 

 

	 	9.1.3	 Exhibit “A” – Scope of Work; 

 

	 	9.1.4	 Exhibit “B” – Intentionally Left Blank; 

 

	 	9.1.5	 Exhibit “C” – Payment Terms and Work Schedule; and 

 

	 	9.1.6	 Exhibit “D” – Owner’s Obligations. 

 

	 	9.2	 If there is a conflict within Contract Documents: 

 

	 	9.2.1	 the order of priority of documents, from highest to lowest, shall be the order in which the Contract Documents
appear in this Section 9; 

  

	 	9.2.2	 drawings of larger scale shall govern over those of smaller scale of the same date; 

 

	 	9.2.3	 dimensions shown on drawings shall govern over dimensions scaled from drawings; and 

 

	 	9.2.4	 later dated documents shall govern over earlier documents of the same type to the extent intended to do so.

	10.	 Intentionally Left Blank 

 

	11.	 CONSTRUCTION 

The headings used in the Contract Documents are provided for convenience only and will not affect the meanings or interpretation of any term or
condition of the Contract Documents. All words used in the Contract Documents will be construed to be of such gender or number, as the circumstances require. Whenever the words “include” or “including” are used in the Contract
Documents, they will be deemed to be followed by the words “without limitation”. 
  

	12.	 SEVERABILITY 

If any provision of this Agreement is held by a court of competent jurisdiction to be unreasonable, arbitrary, against public policy or
otherwise invalid or unenforceable, then the provision will be considered divisible so that the court may reduce the scope thereof or otherwise amend or reform the provision in order to make it reasonable, not arbitrary, not against public policy,
valid and enforceable. In any event, any remaining provisions of this Agreement will be severed from such unenforceable terms, and will remain enforceable and in force without impairment. 

 

	13.	 COUNTERPARTS AND FACSIMILE 

This Agreement may be signed in separate counterparts and delivered by electronic transmission, each of which counterpart so executed shall be
deemed to be an original, and all such separate counterparts shall together constitute one and the same instrument. The exchange of copies of this Agreement and of signature pages by facsimile, electronic mail, or other means of electronic
transmission (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) is to constitute effective execution and delivery of this Agreement as to the parties. Signatures of the parties
transmitted by facsimile, electronic mail, or other means of electronic transmission (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) are to be deemed to be their original
signatures for all purposes. 
  

	14.	 ENUREMENT 

This Agreement shall ensure to the benefit of, and be binding upon, the parties and their respective successors and permitted assigns. 

	15.	 SURVIVAL 

The provisions of the Contract Documents which by their nature should apply beyond their terms will remain in force after any termination or
expiration of the Contract Documents including, but not limited to, provisions relating to confidentiality, liens, setoff, warranty, indemnification, disputes, intellectual property, insurance, compliance with laws and governing law. 

 IN WITNESS WHEREOF the parties have executed this Agreement by their duly authorized signatories as
of the day and year first above written. 
  

			
	POTLATCHDELTIC MANUFACTURING, LLC
		
	Per:	 	 /s/ Eric J. Cremers

		 	Eric J. Cremers, President and Chief Executive Officer
	
	BID GROUP CONSTRUCTION US INC.
		
	Per	 	 /s/ Travis McDonald

		 	Travis McDonald, EVP Turnkey

 EXHIBIT “A” 

SCOPE OF WORK 
 PROPOSAL
21-1237 Revision # 03 RFI3 dated May 25, 2022 
 [***] 

 EXHIBIT “B” 

Intentionally Left Blank 

 EXHIBIT “C” 

PAYMENT TERMS AND WORK SCHEDULE 

[***] 

 EXHIBIT “D” 

OWNER’S OBLIGATIONS 
 Owner will
supply the following site services: 
  

	 	•	 	 Provide full information as to its requirements for the Work; 

 

	 	•	 	 Provide any available information pertinent to the Lumber Mill site, including previous reports and any other
data concerning the design and construction of the Lumber Mill which is relative to the Work and within Owner’s reasonable possession or control; 

  

	 	•	 	 Information or services required of Owner by the Contract shall be furnished by Owner with reasonable promptness.
Any other information or services relevant to Contractor’s performance of the Work, to which Owner has access, shall be furnished within a reasonable time after receipt by Owner of a written request for such services or information;

  

	 	•	 	 Provide access to the Place of the Work to the extent necessary for the Contractor to complete their work;

  

	 	•	 	 All required permits to include land disturbance, mechanical/HVAC, plumbing, environmental, electrical and
building permits. BID will help assist on getting information to the correct agencies by providing drawings, submittals etc. and liaising with local AHJ; 

  

	 	•	 	 Site IT requirements including phones, computers, time clock, PLC and operating software (other than specified in
Exhibit “A”); 

  

	 	•	 	 Furniture of new rooms/offices; 

 

	 	•	 	 Rolling stock; 

  

	 	•	 	 Spare parts; 

  

	 	•	 	 Saws and knives; 

  

	 	•	 	 Grinding room equipment/room furnishing; 

 

	 	•	 	 All inventory required for start-up (fuel, lubricants, spare parts, HPU
oil, etc.); 

  

	 	•	 	 24/7 security; 

  

	 	•	 	 Circular saw leveler; 

  

	 	•	 	 Main transformers and feeders to switchgears (high voltage); 

 

	 	•	 	 Shop equipment; 

  

	 	•	 	 Welding machine for mill; 

 

	 	•	 	 Radio frequency licenses; 

 

	 	•	 	 Safety supplies; 

  

	 	•	 	 Supply of water and sewer to within 5’ 

 

	 	•	 	 Signage for truck traffic and entrance to plant; 

 

	 	•	 	 Roadways and parking lighting; 

 

	 	•	 	 Emergency power generator for offices; 

 

	 	•	 	 Any work to rail spur; 

 

	 	•	 	 Any concrete pad and/or storage area unless specified in our scope; 

 

	 	•	 	 Hazardous material removal and disposal (if required); 

 EXHIBIT “E” 

GENERAL CONDITIONS 
  

	GC 1	 DEFINITIONS 

In the Contract Documents, the following words and phrases shall have the following meanings: 

 

	1.1	 “Agreement” means the Engineering, Procurement and Construction Agreement executed by the Owner and
the Contractor to which these General Conditions are attached. 

  

	1.2	 “Change Directive” means a written instruction signed by the Owner’s Representative on behalf of
the Owner directing a Change in the Work within the general scope of the Contract Documents. 

  

	1.3	 “Change Order” means a written amendment to the Contract prepared by the Owner’s Representative
and signed by the Owner’s Representative on behalf of the Owner and signed by the Contractor stating their agreement upon: 

  

	 	1.3.1	 a Change in the Work; 

 

	 	1.3.2	 the method of adjustment or amount of the adjustment to the Contract Price, if any; and 

 

	 	1.3.3	 the extent of the adjustment to the Work Schedule or the Contract Time, if any. 

 

	1.4	 “Changes in the Work” means additions, deletions or other revisions to the Work within the general
scope of the Contract. 

  

	1.5	 “Contract” has the meaning set forth in the Agreement. 

 

	1.6	 “Contract Documents” has the meaning set forth in the Agreement. 

 

	1.7	 “Contract Price” means the total amount set forth in section 4.1 of the Agreement that the Owner has
agreed to pay to the Contractor for the Work, as amended from time to time in accordance with the Contract Documents. 

  

	1.8	 “Contract Time” means the time stipulated in the Contract Documents for Total Performance.

  

	1.9	 “Contractor” has the meaning set forth in the Agreement. 

 

	1.10	 “Contractor’s Representative” means the Contractor or its authorized on-site representative as designated to the Owner in writing who shall be fully authorized to act for the Contractor in all respects under the Contract Documents, and the person so designated shall not be changed
for the duration of the Work except with the written approval from the Owner, not to be unreasonably withheld. 

  

	1.11	 “Day” or “Days” means a calendar day or calendar days, respectively. 

	1.12	 “Effective Date” has the meaning set forth in the Agreement. 

 

	1.13	 “General Conditions” means the general conditions of the Contract set out in this Exhibit
“E”. 

  

	1.14	 “Mill” means the sawmill, planermill, equipment and all other improvements to the subject property
that are included in the Scope of Work. 

  

	1.15	 “Other Contractor” means a person, firm or corporation employed by or having a separate contract
directly or indirectly with the Owner for work other than that required by the Contract Documents. 

  

	1.16	 “Owner” has the meaning set forth in the Agreement. 

 

	1.17	 “Owner’s Obligations” means the obligations set forth in Exhibit “D”.

  

	1.18	 “Owner’s Representative” means the Owner’s authorized representative as designated to the
Contractor in writing, who shall have the authority to bind the Owner in connection with all matters relating to the Contract. As of the Effective Date, the Owner has designated Ashlee Cribb as the Owner’s Representative for the purposes of the
Contract. 

  

	1.19	 “Place of the Work” means the Owner’s land(s) in Waldo, Arkansas, USA on which the Mill is
located. 

  

	1.20	 “Products” means material, machinery, equipment and fixtures to be comprised in and forming a part of
the Work, but does not include machinery and equipment used for preparation, fabrication and construction of the Work and normally referred to as construction machinery and equipment. 

 

	1.21	 “Project” means the entire works undertaken by or on behalf of the Owner in connection with the
modernization of the Mill and includes the Work. 

  

	1.22	 “Scope of the Work” means the scope of Work described in Exhibit “A”.

  

	1.23	 “Subcontractor” means a person, firm or corporation having a direct or indirect contract with the
Contractor to perform a part or parts of the Work, or to supply Products worked to a special design according to the Contract Documents, but does not include one who merely supplies materials not so worked. The Contractor shall be responsible for
requiring each Subcontractors to have and maintain ISNetworld certification, including maintaining a passing grade in ISNetworld, and to complete all training required by the Owner. The term Subcontractor may be referred to throughout the Contract
Documents as if singular in number and masculine in gender, and includes a Subcontractor of a Subcontractor. . 

	1.24	 “Substantial Performance” or “substantially performed” means when the Work is substantially
complete and includes that the respective equipment and technology has been safely installed and available to operate both mechanically and electrically, and Contractor personnel have successfully commissioned the respective equipment and technology
and are ready to transition operation of the said equipment and technology to representatives of the Owner to achieve final performance acceptance. When the Contractor considers that the Work is substantially peformed, the Contractor (with the
Owner’s input) shall prepare and submit to the Owner’s Representative a comprehensive list of the punch list items to be completed or corrected and apply for a review to establish Substantial Performance. 

 

	1.25	 “Supplemental Instruction” means an instruction, not involving adjustment in the Contract Price or
Contract Time, in the form of specifications, drawings, schedules, samples, models or written instructions, consistent with the intent of the Contract Documents. It is to be issued by the Owner to supplement the Contract Documents as required for
the performance of the Work. 

  

	1.26	 “Total Performance” means when the entire Work has been performed to the requirements of the Contract
Documents and the Work including all equipment and engineered systems are established by the Owner and the Contractor as being fully operational and fully compliant with the performance standards set forth in Exhibit “A” – Scope of
Work after testing has been satisfactorily completed in accordance with the performance tests and guarantees set out in Exhibit “A” – Scope of Work. 

 

	1.27	 “Work” has the meaning set forth in section 2 of the Agreement. 

 

	1.28	 “Work Schedule” means the schedule set out in Exhibit “C” to the Agreement which sets out
the time periods for performance and completion of the Work. 

  

	GC 2	 CONTRACT DOCUMENTS 

 

	2.1	 The intent of the Contract Documents is to include all design, engineering, labor, Products and services
necessary for the performance of the Work by the Contractor in accordance with the Contract excepting only the Owner’s Obligations. 

  

	2.2	 Nothing contained in the Contract Documents shall create any contractual relationship between:

  

	 	2.2.1	 the Owner and a Subcontractor, a supplier, or their agent, employee, or other person performing any of the
Work; 

  

	 	2.2.2	 the Owner’s Representative and the Contractor, a Subcontractor, a supplier, or their agent, employee, or
other person performing any of the Work. 

  

	2.3	 The Contract Documents are complementary, and what is required by any one shall be as binding as if required by
all 

	2.4	 Words and abbreviations which have well known technical or trade meanings are used in the Contract Documents in
accordance with such recognized meanings. 

  

	2.5	 References in the Contract Documents to the singular shall be considered to include the plural as the context
requires. 

  

	2.6	 The specifications are that portion of the Contract Documents, wherever located and whenever issued, consisting
of the written requirements and standards for Products, systems, workmanship, and the services necessary for the performance of the Work. 

  

	2.7	 The drawings are the graphic and pictorial portions of the Contract Documents, wherever located and whenever
issued, showing the design, location, and dimensions of the Work, generally including plans, elevations, sections, details, schedules, and diagrams. 

  

	2.8	 Intentionally left blank. 

 

	2.9	 All specifications, drawings, models and copies thereof relating to the Work, whether furnished by the Owner or
the Contractor, shall be and remain the Owner’s property. Specifications, drawings, and models furnished by the Owner or the Owner’s Representative are to be used only with respect to the Work and are not to be used on other work. These
specifications, drawings, and models are not to be copied or altered in any manner without the written authorization of the Owner. 

  

	2.10	 Models furnished by the Contractor are the property of the Owner. 

 

	GC 3	 LAW OF THE CONTRACT 

 

	3.1	 The law of the Place of the Work shall govern the interpretation of the Contract. 

 

	GC 4	 RIGHTS AND REMEDIES 

 

	4.1	 Except as expressly provided in the Contract Documents, the duties and obligations imposed by the Contract
Documents and the rights and remedies available thereunder shall be in addition to and not a limitation of any duties, obligations, rights, and remedies otherwise imposed or available by law. 

 

	4.2	 No action or failure to act by the Owner, Owner’s Representative, or Contractor shall constitute a waiver
of any right or duty afforded any of them under the Contract, nor shall any such action or failure to act constitute an approval of or acquiescence in any breach thereunder, except as may be specifically agreed in writing. 

 

	GC 5	 ASSIGNMENT 

  

	5.1	 Neither party to the Contract shall assign the Contract or a portion thereof without the written consent of the
other, which consent may not be unreasonably withheld. If a party requests permission to assign its obligations under the Contract, the requirement that the assigning party remain liable under the Contract will not be considered an unreasonable
request. 

	GC 6	 THE OWNER’S REPRESENTATIVE 

 

	6.1	 The Owner’s Representative will have authority to reject Work which in the Owner’s
Representative’s opinion, acting reasonably and in good faith, does not conform to the requirements of the Contract Documents. 

  

	6.2	 The Owner’s Representative will review and take appropriate prompt action upon such Contractor’s
submittals of shop drawings, Product data, and samples, as provided in the Contract Documents. 

  

	GC 7	 REVIEW AND INSPECTION OF THE WORK 

 

	7.1	 The Owner and the Owner’s Representative shall have access to the Work at all times. The Contractor shall
provide sufficient, safe, and proper facilities at all times for the review of the Work by the Owner and the Owner’s Representative and the inspection of the Work by authorized agencies. If parts of the Work are in preparation at locations
other than the Place of the Work, the Owner and the Owner’s Representative shall be given access to such Work whenever and wherever it is in progress. 

  

	7.2	 The Contractor shall meet with the Owner’s Representative on Tuesday of each week (or on such other Day as
the Contractor and the Owner’s Representative may determine) from the Effective Date until Total Performance to review and inspect the Work and the Contractor’s compliance with all Contract Documents, including all drawings and schedules
approved by the Owner’s Representative. The Contractor shall arrange for and shall give the Owner’s Representative reasonable notice of the date and time of inspections by other authorities. 

 

	7.3	 The Contractor shall furnish promptly to the Owner’s Representative two copies of certificates and
inspection reports relating to the Work. 

  

	7.4	 If the Contractor covers, or permits to be covered, Work that has been designated for special tests,
inspections, or approvals before such special tests, inspections, or approvals are made, given or completed, the Contractor shall, if so directed, uncover such Work, have the inspections or tests satisfactorily completed, and make good covering Work
at the Contractor’s expense. 

	GC 8	 DEFECTIVE WORK 

 

	8.1	 The Contractor shall promptly, and in any event within such time as is necessary to maintain the Work Schedule,
remove from the Place of the Work and replace or re-execute defective Work that has been rejected by the Owner’s Representative, acting reasonably and in good faith, as failing to conform to the Contract
Documents. 

  

	8.2	 The Contractor shall make good and promptly repair or replace Other Contractors’ work destroyed or damaged
by such removals or replacements at the Contractor’s expense. 

  

	8.3	 If in the opinion of the Owner’s Representative, acting reasonably and in good faith, the Contractor is
not expedient to correct defective Work or Work not performed as provided in the Contract Documents, the Owner may, without prejudice to any other remedies it may have, take whatever steps are necessary to correct the defective or non-conforming Work, and the Owner may deduct from the amount otherwise due to the Contractor the difference in value between the Work as performed and that called for by the Contract Documents. If the Owner and the
Contractor do not agree on the difference in value, then either party may refer the matter for resolution under the requirements of GC 32. 

  

	GC 9	 CONTROL OF THE WORK 

 

	9.1	 Subject to the terms and conditions of this Agreement, the Contractor shall have total control of the Work and
shall effectively direct and supervise the Work so as to ensure conformity with the Contract Documents, provided that the Contractor shall coordinate the performance of the Work with the Owner so as to ensure minimal disruption to any Other
Contractors. 

  

	9.2	 The Contractor shall be solely responsible for construction means, methods, techniques, sequences, and
procedures and for coordinating the various parts of the Work under the Contract. 

  

	GC 10	 CONSTRUCTION BY OWNER OR OTHER CONTRACTORS 

 

	10.1	 The Owner reserves the right to award separate contracts in connection with other parts of the Project outside
the scope of the Work to Other Contractors, and to perform such additional work with its own employees, consultants or representatives. 

  

	10.2	 When separate contracts are awarded for other parts of the Project outside the scope of the Work, or when such
additional work is performed by the Owner, the Contractor shall use reasonable efforts to co-ordinate and schedule the Work with the work of Other Contractors and the Owner and connect as specified or shown in
the Contract Documents. 

	GC 11 	 TEMPORARY SUPPORTS, STRUCTURES, AND FACILITIES 

 

	11.1	 The Contractor shall have the sole responsibility for the design, erection, operation, maintenance, and removal
of temporary supports, structures, and facilities and the design and execution of construction methods required in their use. 

  

	GC 12 	 DOCUMENT REVIEW 

 

	12.1	 The Contractor shall review the Contract Documents and shall report promptly to the Owner’s Representative
any error, inconsistency, or omission the Contractor may discover. 

  

	GC 13 	 WORK SCHEDULE 

 

	13.1	 The Contractor has prepared the attached Work Schedule and the Contractor represents that such schedule
indicates the timing of the portions of the Work to be undertaken at the Place of the Work, all of the major activities of the Work and provides sufficient detail of the critical events and their inter-relationship to demonstrate the Work will be
performed in conformity with the Contract Time, all of which is predicated upon the Owner fulfilling its obligations under the Contract Documents and obtaining the required permits and licenses and preparing the Place of Work in conformity with the
Contract Documents. 

  

	13.2	 The Contractor shall monitor the progress of the Work relative to the Work Schedule and update the schedule on
a monthly basis or as stipulated by the Contract Documents. Further, and without limiting GC 29 of the General Conditions, in the event that the progress of the Work is delayed on a material critical path matter such that the Work falls behind in
attaining Substantial Performance in accordance with the Work Schedule, the Contractor shall advise Owner in writing and shall provide a written plan of recovery to the Owner and shall take all commercially reasonably necessary actions to recover
the planned progress of the Work. 

  

	GC 14 	 HEALTH, SAFETY AND CONDUCT 

 

	14.1	 The Contractor shall be solely responsible for the health and safety of its employees and subcontractors in
connection with the performance of the Work at the Place of the Work and for compliance with (a) the Owner’s Health and Saefty Procedures and Manuals, provided that such procedures and manuals have been provided or access made available to
the Contractor before the Effective Date, and (b) Applicable Laws related to construction, health and safety, and shall be responsible for initiating, maintaining, and supervising all safety precautions and programs in connection with the
performance of the Work. The Contractor shall erect and properly maintain at all times, as required by the conditions and progress of the Work, all necessary safeguards for the protection of workers and the public. The Contractor acknowledges that
the Owner has implemented a behavior-

	 	
based safety program that includes observations of work behavior by trained employees of the Owner to identify behaviors that put workers at risk of injury. Notwithstanding any such observations
of the Contractor’s employees or its subcontractors by the Owner’s employees, the Owner shall not be responsible for the safety and health of employees of Contractor, its subcontractors or any other employers on the work site.

  

	14.2	 The Contractor agrees to meet or exceed the requirements of the Owner’s Substance Abuse Policy, a copy of
which has been provided or access made available to the Contractor before the Effective Date and shall advise its employees, agents and subcontractors that it is the policy of the Owner to: (a) prohibit the use, possession, sale, and
distribution of alcohol, illegal drugs and other controlled substances on its premises; and (b) prohibit on the Owner’s property the presence of employees of a contractor, subcontractor or agent who have such substances in their bodies.
Any Contractor employee, subcontractor or agent found to be in violation of this policy will be removed and barred from the Owner’s premises. 

  

	14.3	 Contractor agrees that any disciplinary actions or other employment decisions affecting its employees,
subcontractors, agents or job applicants that arise in any way out of matters related to this GC 14 are the sole responsibility of the Contractor, and the Contractor shall defend, indemnify and hold the Owner harmless from any losses, damages,
actions or claims of the Contractor’s employees, subcontractors, agents and job applicants arising in any way from matters related to this GC 14. 

  

	14.4	 Without limiting GC 14.1, before permitting any employee, agent or Subcontractor to perform any Work at the
Place of the Work, the Contractor shall require each such individual to complete and acknowledge completion of safety and WHMIS training, and the Contractor shall provide evidence of such to the Owner’s Representative upon request.

  

	14.5	 The Contractor shall meet with all of its employees, agents and Subcontractors engaged in the performance of
the Work at the Place of the Work on Wednesday of each week (or on such other Day as the Owner and the Contractor may determine) from the Effective Date until Total Performance to discuss and review construction safety in connection with the
performance of the Work. 

  

	14.6	 The Contractor shall be responsible for compliance by the Contractor’s employees and subcontractors with
the Owner’s Supplier Code of Conduct available at the Corporate Governance page of the Owner’s website at www.potlatchdeltic.com. 

  

	14.7	 The Contractor shall be responsible to the Owner for acts and omissions of the Contractor and its employees.

	GC 15 	 SUPERVISORS 

  

	15.1	 The Contractor shall employ competent supervisors and necessary assistants who shall be in attendance at the
Place of the Work while Work is being performed. Within thirty (30) Days after the Effective Date, the Contractor shall provide the Owner’s Representative with a list of the supervisors that will be on duty throughout the performance of
the Work. 

  

	15.1	 The supervisor on duty shall represent the Contractor at the Place of the Work and notices and instructions
given to the supervisor by the Owner’s Representative shall be held to have been received by the Contractor. 

  

	GC 16 	 SUBCONTRACTORS AND SUPPLIERS 

 

	16.1	 The Contractor shall: 

 

	 	16.1.1	 enter into contracts or written agreements with Subcontractors and suppliers to require them to perform their
Work as provided in the Contract Documents; 

  

	 	16.1.2	 incorporate the terms and conditions of the Contract Documents into all contracts or written agreements with
Subcontractors and suppliers to the extent applicable to their Work; 

  

	 	16.1.3	 be as fully responsible to the Owner for acts and omissions of Subcontractors, suppliers, and of persons
directly or indirectly employed by them to the same extent as if the acts and omissions of such persons are directly employed by the Contractor; 

  

	 	16.1.4	 provide Owner the name and responsible party of each Subcontractor as well as a description of the
Subcontractor’s scope of work; and 

  

	 	16.1.5	 require all Subcontractors and sub-Subcontractors as a condition of
commencing any of the Work, to purchase and maintain insurance coverage that is commercially reasonable for the project and is reasonably sufficient to protect Owner’s rights and interest hereunder. Such insurance shall name both Owner and
Contractor as additional insureds. In addition, the Contractor shall submit all of such information into the ISNetworld software system or required software system of the Owner. 

 

	GC 17 	 LABOR AND PRODUCTS 

 

	17.1	 The Contractor shall provide and pay for all labor, Products, tools, construction machinery and equipment,
transportation, and other facilities and services necessary for the performance of the Work in accordance with the Contract, save and except for the Owner’s Obligations. 

	GC 18 	 SHOP DRAWINGS 

 

	18.1	 Shop drawings are drawings, diagrams, illustrations, schedules, performance charts, brochures, Products, and
other data which the Contractor provides to illustrate details of a portion of the Work. 

  

	18.2	 The Contractor shall provide shop drawings at the time and as described in the Contract Documents and otherwise
in accordance with the Work Schedule or as the Owner’s Representative may reasonably request, for approval by the Owner, such approval not to be unreasonably withheld or delayed. 

 

	18.3	 Upon the Owner’s Representative’s reasonable request, the Contractor shall revise and resubmit shop
drawings which the Owner’s Representative rejects as being materially inconsistent with the Contract Documents. The Contractor shall notify the Owner’s Representative in writing of any revisions to the resubmission other than those
requested by the Owner’s Representative. 

  

	GC 19 	 USE OF THE WORK 

 

	19.1	 The Contractor shall confine construction machinery and equipment, storage of Products, and operations of
employees to limits indicated by Applicable Laws, permits and the Contract Documents or as may be reasonably requested by the Owner. 

  

	19.2	 The Owner and the Owner’s Representatives shall not give any direction that materially constraints,
inhibits, delays, or interferes with the Work unless otherwise permitted by this Agreement. 

  

	GC 20 	 CUTTING AND REMEDIAL WORK 

 

	20.1	 The Contractor shall do the cutting and remedial work required to make the several parts of the Work and the
Project come together properly, in accordance with the Work Schedule and the Contract Documents. 

  

	20.2	 The Contractor shall endeavor to coordinate the Work with a view to minimizing any remedial work.

  

	GC 21 	 CLEANUP 

  

	21.1	 The Contractor shall maintain the Place of the Work in a clean and tidy condition and free from the excessive
accumulation of waste products and debris (other than that caused by the Owner, Other Contractors or their employees, all of which shall be promptly removed by the Owner) and maintain good housekeeping on a daily basis. 

	21.2	 The Contractor shall remove waste products and debris, other than that resulting from the work of the Owner,
Other Contractors or their employees, and shall leave the Place of the Work reasonably clean and suitable for occupancy by the Owner before attainment of Substantial Performance. The Contractor shall remove from the Place of the Work its products,
tools, construction machinery and equipment not required for the performance of the remaining Work. 

  

	21.3	 Prior to application for the final certificate for payment, the Contractor shall remove from the Place of the
Work its products, tools, construction machinery and equipment, and waste products and debris, other than that resulting from the work of the Owner, Other Contractors or their employees. 

 

	21.4	 Upon completion of the Work, Contractor shall remove from the work site all excess or unused construction
materials not paid for by the Owner and therefore owned by Contractor, and all debris, rubbish, tools, equipment, and scaffolding, and shall leave the premises in a clean and satisfactory condition. 

 

	GC 22 	 SUBSTANTIAL PERFORMANCE 

 

	22.1	 When the Contractor considers that the Work is substantially performed, the Contractor (with the Owner’s
input) shall prepare and submit to the Owner’s Representative a comprehensive list of the punch list items to be completed or corrected and apply for a review to establish Substantial Performance. 

 

	22.2	 No later than ten (10) business Days after the receipt of the Contractor’s list and application, the
Owner’s Representative will review the Work to verify the validity of the application, and no later than ten business (10) Days after completing the review, will notify the Contractor whether the Work is substantially performed, and if
not, then will give specific written reasons why it is not substantially performed. 

  

	22.3	 Subject to GC 22.2, upon achievement of Substantial Performance, the Owner’s Representative shall promptly
confirm in writing the date of Substantial Performance. 

  

	22.4	 Immediately following the written confirmation Substantial Performance, the Contractor and the Owner’s
Representative will mutually establish in writing a reasonable date for finishing the Work (which shall entail completion and establishment of the Work’s compliance with the performance standards through the performance testing as set forth in
Exhibit “A” – Scope of Work and completion of such punch list items established by the Owner and the Contractor) and shall achieve Total Performance within such reasonable period of time established pursuant to this subsection.

 GC 23  INTENTIONALLY DELETED.  

 

	GC 24 	 ACCEPTANCE OF WORK 

Subject to performance testing and guarantees being satisfied by the Contractor and the satisfaction of the terms and conditions of Exhibit “C” of
this Agreement, final payment by the Owner to the Contractor shall constitute certification of acceptance of Total Performance of the Work in accordance with the requirements of the Contract Documents, but shall not act as waiver of any rights or
remedies that Owner may have under Applicable Law (including, without limitation, Owner’s rights under the warranty provisions of the Contract). 
  

	GC 25 	 FINAL PAYMENT  

See Exhibit C for final payment details. 
  

	GC 26 	 CHANGES 

  

	26.1	 The Owner, with the approval of the Owner’s Representative, without invalidating the Contract, may make
Changes in the Work by Change Order or Change Directive. 

  

	26.2	 The Contractor shall not perform a Change in the Work without a Change Order or a Change Directive from the
Owner’s Representative. 

  

	GC 27 	 CHANGE ORDER 

  

	27.1	 When a Change in the Work is proposed or required, the Owner or the Owner’s Representative shall provide a
written notice describing the proposed Change in the Work to the Contractor. The Contractor shall present a written method of adjustment or an amount of adjustment to the Contract Price, if any, and the adjustment in the Contract Time, if any, for
the proposed Change in the Work. 

  

	27.2	 When the Owner’s Representative and the Contractor agree to the adjustments to the Contract Price and
Contract Time or to the method to be used to determine the adjustments, such agreement shall be effective immediately and shall be recorded in a Change Order, signed by the Owner’s Representative and the Contractor. 

 

	GC 28 	 CHANGE DIRECTIVE 

 

	28.1	 If the Owner requires the Contractor to proceed with a Change in the Work prior to the Owner’s
Representative and the Contractor agreeing upon the adjustment to the Contract Price and Contract Time, the Owner’s Representative shall issue a Change Directive. 

	28.2	 Upon receipt of a Change Directive, the Contractor shall proceed promptly with the Change in the Work. The
adjustment to the Contract Price for a change carried out by way of a Change Directive shall be determined on the basis of the cost of expenditures and savings to perform the work attributable to the change. 

 

	28.3	 If a Change in the Work results in a net decrease in the Contract Price, the amount of the credit shall be the
net cost, without deduction for overhead or profit. When both additions and deletions covering related work or substitutions are involved in a Change in the Work, the allowance for overhead and profit shall be calculated on the basis of the net
increase, if any, with respect to that Change in the Work. 

  

	28.4	 The Contractor shall keep and present, in such form as the Owner’s Representative may require, an itemized
accounting of the cost of expenditures and savings referred to in GC 28.1 together with supporting data. The cost of performing the work attributable to the Change Directive shall include without limitation the actual cost of all of the following
that is directly related to the Work under the Contract: 

  

	 	28.4.1	 wages and benefits paid for labor in the direct employ of the Contractor under applicable collective bargaining
agreements, or under a salary or wage schedule agreed upon by the Owner’s Representative and Contractor; 

  

	 	28.4.2	 salaries, wages, and benefits of the Contractor’s office personnel engaged in a technical capacity and
other personnel at shops or on the road, engaged in expediting the products or transportation of materials or equipment; 

  

	 	28.4.3	 contributions, assessments, or taxes incurred for such items as unemployment insurance, health insurance,
workers’ compensation, and 401k, insofar as such cost is based on wages, salaries, or other remuneration paid to employees of the Contractor and included in the cost of the work as provided in GC 28.4.1 and GC 28.4.2; 

 

	 	28.4.4	 reasonable travel and subsistence expenses of the Contractor’s personnel described in GC 28.4.1 and GC
28.4.2; 

  

	 	28.4.5	 the cost of all Products including cost of transportation thereof; 

 

	 	28.4.6	 the cost of materials, supplies, equipment, temporary services and facilities, and hand tools not owned by the
workers, including transportation and maintenance thereof, which are consumed; and cost less salvage value on such items used but not consumed, which remain the property of the Contractor; 

 

	 	28.4.7	 rentals cost of all tools, machinery, and equipment, exclusive of hand tools, whether rented from or provided
by the Contractor or others, including installation, minor repairs and replacement, dismantling, removal, transportation and delivery cost thereof; 

	 	28.4.8	 deposits lost; 

  

	 	28.4.9	 the amounts of all Subcontracts; 

 

	 	28.4.10	 the cost of quality assurance such as independent inspection and testing services; 

 

	 	28.4.11	 charges levied by authorities having jurisdiction at the Place of the Work; 

 

	 	28.4.12	 any adjustment in taxes and duties for which the Contractor is liable; 

 

	 	28.4.13	 charges for long distance telephone and facsimile communications, courier services, expressage, and petty cash
items incurred; 

  

	 	28.4.14	 the cost of removal and disposal of waste products and debris. 

 

	28.5	 Pending determination of the final amount of a Change Directive, the undisputed value of the work performed as
the result of a Change Directive is eligible to be included in payment applications. 

  

	28.6	 If the Owner’s Representative and Contractor do not agree on the proposed adjustment in the Contract Time
or the method of determining it, the adjustment shall be resolved as provided in GC 32. 

  

	28.7	 If at any time after the start of the work directed by a Change Directive, the Owner’s Representative and
the Contractor reach agreement on the adjustment to the Contract Price and to the Contract Time, this agreement shall be recorded in a Change Order signed by Owner’s Representative and Contractor. 

 

	GC 29 	 DELAYS 

  

	29.1	 If the Contractor is delayed in the performance of the Work by an action or omission of the Owner, Owner’s
Representative, Other Contractor or anyone employed or engaged by them directly or indirectly, then the Contract Time shall be extended for a reasonable time relative to the delay caused but only to the extent such delay affects the then-existing
critical path, or the Contractor’s ability to timely achieve Substantial Performance within the Contract Time. The Contractor shall be reimbursed by the Owner for reasonable direct costs incurred by the Contractor as the result of such delay.
Contractor shall not be entitled to costs incurred or an extension of the Contract Time due to the negligence or omission of the Contractor or Contractor’s failure to comply with the Contract Documents. 

	29.2	 If the Contractor is delayed in the performance of the Work by a stop work order issued by a court or other
public authority and providing that such order was not issued as the result of an act or fault of the Contractor or any person employed or engaged by the Contractor including without limitation, any Subcontractors, then the Contract Time shall be
extended for a reasonable time relative to the delay caused but only to the extent such delay affects the then-existing critical path, or the Contractor’s ability to timely achieve Substantial Performance within the Contract Time. The
Contractor shall be reimbursed by the Owner for reasonable direct costs incurred by the Contractor as the result of such delay. 

  

	29.3	 If the Contractor is delayed in the performance of the Work by labor disputes, strikes, lock-outs (including
lock-outs decreed or recommended for its members by a recognized contractors’ association, of which the Contractor or the Owner is a member or to which the Contractor or the Owner are otherwise bound), fire (to the extent not caused by the
Contractor), pandemics and governmental declarations, shelter in place or stay at home orders, or directives directly related to such pandemic that are issued by the governmental authorities having jurisdiction over the Project and which materially
disrupt the supply or availability of labor, equipment and/or materials for the Project (only after diligent efforts by Contractor to obtain the same from alternative sources) and which are not otherwise existing, known or reasonably foreseeable as
of the date of execution of this Agreement, unusual delay by common carriers or unavoidable casualties, or without limitation to any of the foregoing, by any other cause beyond the Contractor’s reasonable control, then the Contract Time shall
be extended for a reasonable time relative to the delay caused but only to the extent such delay affects the then-existing critical path, or the Contractor’s ability to timely achieve Substantial Performance within the Contract Time.

  

	29.4	 The Contractor further acknowledges and agrees that adjustments to the Work Schedule and/or Contract Time will
be permitted in connection with any of the events described above only to the extent that the delays resulting therefrom: (i) are not caused, or could not have been avoided or mitigated (including, without limitation, by rescheduling or re-sequencing activities after the occurrence of the event causing delay) by the Contractor using commercially reasonable efforts; (ii) could not be limited or avoided by the Contractor’s timely notice to
the Owner of the delay; or (iii) have an impact of at least one day. No extension shall be made for delay unless Contractor uses reasonable best efforts to provide a detailed notice in writing of a claim therefor to the Owner and the
Owner’s Representative within forty-eight 48 hours, but not later than seven (7) Days after the commencement of delay together with documentation or other information evidencing such delay and the cause thereof, providing however, that in
the case of a continuig cause of delay only one notice of claim shall be necessary. The Contractor shall provide a written plan of recovery to the Owner once reasonably available and shall take all commercially reasonable efforts to recover the
planned progress of the Work and to reduce and mitigate the effects of any such delay. 

	29.5	 No claim for delay shall be allowed because of failure of the Owner or the Owner’s Representative to
furnish instructions provided that such instructions are furnished within seven (7) Days after written demand. If such instructions are not furnished within seven (7) Days after demand, then the Contractor shall be reimbursed by the Owner
for reasonable direct costs incurred by the Contractor as the result of such delay. 

  

	GC 30	 TERMINATION  

  

	30.1	 If the Contractor should be adjudged bankrupt, or makes a general assignment for the benefit of creditors
because of the Contractor’s insolvency, or if a receiver, trustee or debtor-in-possession is appointed because of the Contractor’s insolvency; the Owner may,
without prejudice to any other right or remedy the Owner may have, by giving the Contractor or receiver or trustee in bankruptcy notice in writing, terminate the Contract. 

 

	30.2	 If the Contractor should neglect to prosecute the Work or otherwise fails to materially comply with the
requirements of the Contract, the Owner may, without prejudice to any other right or remedy the Owner may have under the Contract, at law, in equity or otherwise, notify the Contractor in writing that the Contractor is in default of the
Contractor’s obligations under the Contract Documents and instruct the Contractor to correct the default as soon as possible, but in no event later than ten (10) Days immediately following the receipt of such notice. 

 

	30.3	 If the default cannot be corrected in the ten (10) Days specified, the Contractor and Owner may agree that
the Contractor shall be in compliance with the Owner’s instructions if the Contractor: 

  

	 	30.3.1	 commences the correction of the default within the specified time; and 

 

	 	30.3.2	 provides the Owner with a reasonable schedule for such correction given the nature of the default that does not
delay the date for achieving Substantial Performance; 

  

	 	30.3.3	 diligently pursues such correction; and 

 

	 	30.3.4	 corrects the default in accordance with such schedule. 

Notwithstanding the forgoing, if the default cannot be corrected by the Contractor within the ten (10) Days specified, the Owner may
determine to have the correction done by others and may deduct the cost of such correction from payments then or thereafter due to the Contractor, and pursue any other remedies described in 30.4. 

 

	30.4	 If the Contractor fails to correct the default in the time specified or subsequently agreed upon, without
prejudice to any other right or remedy the Owner may have under the Contract, at law, in equity or otherwise, the Owner may: 

	 	30.4.1	 correct such default and deduct the direct cost thereof from any payment then or thereafter due the Contractor;

  

	 	30.4.2	 terminate the Contractor’s right to continue with the Work in whole or in part or terminate the Contract;
and/or 

  

	 	30.4.3	 seek any other remedy the Owner may have under the Contract, in law or equity. 

 

	30.5	 If the Owner terminates the Contractor’s right to continue with the Work as provided in GC 30.1, 30.3 and
GC 30.4, the Owner shall be entitled to: 

  

	 	30.5.1	 take possession of the Work and Products; 

 

	 	30.5.2	 finish the Work by whatever method the Owner may consider expedient; and 

 

	 	30.5.3	 charge the Contractor the amount by which all cost of finishing the Work exceeds the unpaid balance of the
Contract Price. 

  

	30.6	 The Contractor’s obligation under the Contract as to quality, correction, and warranty of the work
performed by the Contractor up to the time of termination shall continue in force after such termination. 

  

	30.7	 If the Owner should be adjudged bankrupt, or makes a general assignment for the benefit of creditors because of
the Owner’s insolvency, or if a receiver is appointed because of the Owner’s insolvency, the Contractor may, without prejudice to any other right or remedy the Contractor may have, by giving the Owner or receiver or trustee in bankruptcy
notice in writing, terminate the Contract. 

  

	30.8	 The Contractor may notify the Owner in writing, with a copy to the Owner’s Representative, that the Owner
is in default of the Owner’s contractual obligations if: 

 the Owner fails to make an agreed upon nondisputed
payment to the Contractor within five (5) days of when it is due under the Contract Documents; or 
 the Owner materially defaults in
the performance of any other material requirements of the Contract to a substantial degree. 
  

	30.9	 The Contractor’s notice in writing to the Owner provided under GC 30.8 shall advise that if the default is
not corrected within ten (10) Days following the receipt of the notice in writing, the Contractor may, without prejudice to any other right or remedy the Contractor may have, stop the Work or terminate the Contract. If the default is not
capable of being cured within the ten (10) Days, then the Owner must commence to cure such default within the ten (10) Day period and complete the cure within a reasonable period of time. 

 

	30.10	 If the Contractor terminates the Contract under the conditions set out above, without prejudice to any other
right, remedy, costs or damages, the Contractor shall be entitled to be paid for all Work performed to the date of termination less any amounts due under the Contract Documments from the Contractor to the Owner. 

 If the Owner disputes the Contractor’s determination under GC 30.9 the matter shall be
resolved under GC 32. 
  

	C 31	 SETOFFS 

  

	31.1	 The Owner shall have the right to set off any amounts which the Contractor may owe to the Owner, whether
arising under the Contract Documents or otherwise, against any amounts which may become payable by the Owner to the Contractor under the Contract Documents or otherwise. This GC 31.1 shall not limit the Owner’s ability to withhold payments
pursuant to Exhibit C. 

  

	GC 32	 DISPUTE RESOLUTION 

 

	32.1	 Differences between the parties to the Contract as to the interpretation, application or administration of the
Contract or any failure to agree where agreement between the parties is called for, herein collectively called “disputes”, which are not resolved in the first instance by agreement between the Contractor and the Owner’s
Representative, shall be settled in accordance with the requirements of this GC 32. 

  

	32.2	 If a dispute is not resolved promptly, the Owner’s Representative may give such instructions as are
necessary for the proper performance of the Work and to prevent delays pending settlement of the dispute. The Contractor shall act according to such instructions, it being understood that by so doing the Contractor will not jeopardize or prejudice
any claim the Contractor may have. If it is subsequently determined that such instructions were in error or at variance with the Contract Documents, the Owner shall pay the Contractor all costs directly incurred by the Contractor in carrying out
such instructions which the Contractor was required to do beyond what the Contract Documents would have required. 

  

	32.3	 If the parties fail to resolve a dispute promptly, and in any event within thirty (30) days after written
notice of the dispute is provided by one party to the other, they shall mutually agree upon a mediator who shall assist the parties in structured negotiations to attempt to resolve the dispute. 

 

	32.4	 If the dispute cannot be resolved within sixty (60) Days after the engagement of a mediator or such longer
period as the parties may agree upon, either party may commence litigation in federal court in the State of the Place of the Work. Further, in the event that the parties are not able to agree upon a mediator after good faith efforts to do so, then
either party may commence litigation in the federal courts of the United States of America or the courts of the State of the Place of the Work in each case located in the City and County of the Place of Work, and each party irrevocably submits to
the exclusive jurisdiction of such courts in any such suit, action or proceeding 

	GC 33	 PROTECTION OF WORK AND PROPERTY 

 

	33.1	 The Contractor shall use reasonable efforts to protect the Work and the Owner’s property and property
adjacent to the Place of the Work from damage or loss which may arise as the result of the Contractor’s operations under the Contract. 

  

	33.2	 Should the Contractor in the performance of the Contract damage the Work, the Owner’s property, or
property adjacent to the Place of the Work, the Contractor shall be responsible for the costs of all repair and replacement resulting from such damage at the Contractor’s expense. 

 

	GC 34	 TAXES AND DUTIES 

 

	34.1	 Unless stated otherwise in the Contract Documents, the Contract Price excludes Taxes, but is inclusive of
duties, fees, tariffs and customs. 

  

	GC 35	 LAWS, NOTICES, PERMITS, AND FEES 

 

	35.1	 The laws of the Place of the Work shall govern the Work. 

 

	35.2	 The Owner shall obtain and pay for the building permit and any other permits, licenses, or certificates
necessary for the commencement and performance of the Work. 

  

	35.3	 The Contractor shall give the required notices and comply with the laws, ordinances, rules, regulations, or
codes which are or become in force during the performance of the Work and which relate to the Work, including, but not limited to those relating to the preservation of the public health and to construction safety. 

 

	35.4	 The Contractor shall perform the Work in compliance with the applicable laws, ordinances, rules, regulations,
or codes relating to the Work. 

  

	GC 36	 PATENT FEES 

  

	36.1	 The Contractor shall pay the royalties and patent license fees required for the performance of the Work. The
Contractor shall indemnify and hold the Owner harmless from and against any and all claims, demands, losses, costs, damages, actions, suits, or proceedings arising out of the Contractor’s performance of the Contract which are attributable to an
infringement or an alleged infringement of any United States patent or copyright by the Owner (but only as a result of the use of the Work), Contractor or anyone for whose acts the Contractor may be liable. 

	36.2	 The Owner shall indemnify and hold the Contractor harmless from and against any and all claims, demands,
losses, costs, damages, actions, suits, or proceedings arising out of the Contractor’s performance of the Contract which are attributable to an infringement or an alleged infringement of a United States patent of invention or copyright in
executing anything for the purpose of the Contract, the model, plan, or design of which the Owner supplied to the Contractor. 

  

	GC 37	 WORKERS’ COMPENSATION 

 

	37.1	 Prior to commencing the Work, Substantial Performance, and the issuance of the final certificate for payment,
the Contractor shall provide evidence of compliance with workers’ compensation legislation at the Place of the Work, including payments due thereunder. 

  

	37.2	 At any time during the term of the Contract, when requested by the Owner’s Representative, acting
reasonably, the Contractor shall provide such evidence of compliance by the Contractor and Subcontractors. 

  

	GC 38	 WARRANTY  

Intentionally deleted. 
  

	GC 39	 REGARD FOR THE ENVIRONMENT 

 

	39.1	 The Contractor shall, at all times, be conscious of the importance of the protection of the natural, physical
and biological environment at and in the vicinity of the Place of the Work and shall endeavor to ensure that all of its activities and the activities of all of its Subcontractors are conducted in a manner that will have the least possible adverse
effect on the natural environment and in compliance with all federal, state and municipal and environmental laws and regulations. 

  

	39.2	 The Contractor shall comply, at its cost and expense, with all federal, state and local laws and regulations
including without limitation, all environmental health and safety policies, procedures and manual of the Owner and with all plans and instructions contained in the Contract Documents concerning the existence, release, removal, handling, transport,
storage, disposal and treatment of all materials that are, or may be, hazardous to the life or health or any person or that endanger the environment or that are regulated by federal, provincial or local laws and the Contractor shall indemnify and
hold harmless the Owner for all loss, damage, cost or expense resulting from the Contractor’s failure to do so. 

	39.3	 If, during the course of performance of the Work, the Contractor or any of its employees encounters or becomes
aware of any environmentally related issues including, but not limited to (a) the release or substantial threat of release of a hazardous substance; (b) the discovery of materials or substances of unknown origins on or under the premises;
(c) the discovery of any underground storage tank; or (d) any similar occurrences; then the Contractor shall immediately notify the Owner. 

  

	39.4	 With the exception of appropriate emergency actions necessary to prevent or contain the spread of hazardous
substances, the Contractor shall not take any action in respect of such environmentally related issue without first obtaining written authorization from the Owner. 

 

	39.5	 The Contractor shall defend, indemnify and hold the Owner harmless from every claim, damage, loss liability,
action or cause of action, complaint or suit, for bodily injury, sickness, disease, or death, damage to property, or governmental fines or penalties arising out of or alleging any breach of Contractor’s obligations to comply with the
Owner’s environmental procedures or failure to comply with environmental laws, statutes, ordinances, rules, regulations or orders. 

  

	39.6	 The Owner shall defend, indemnify and hold the Contractor harmless from every claim, damage, loss liability,
action or cause of action, complaint or suit, for bodily injury, sickness, disease, or death, damage to property, or governmental fines or penalties arising out of or alleging any breach of the Owner’s obligations to comply with the
Owner’s environmental procedures or failure to comply with environmental laws, statutes, ordinances, rules, regulations or orders. 

  

	GC 40	 TITLE TO THE WORK AND RISK OF LOSS 

 

	40.1	 Title to the Work and all portions thereof during and after construction, together with all Products delivered
to the Place of the Work, shall be vested in the Owner upon full payment of the Contract Price being made to the Contractor. 

  

	40.2	 The Work and every part thereof and all Products shall be in the care, custody and control and at the risk of
the Contractor until the earlier of the date of Substantial Performance and such time as employees of the Owner take over operation of the Work. 

  

	GC 41	 LABOR 

  

	41.1	 The Contractor and each of its Subcontractors shall employ qualified and skilled workers in the trade
that the Work requires. The Contractor shall maintain good order and discipline among its employees. The Contractor shall cause its employees, and employees of its Subcontractors, to comply in all respects with any rules and regulations the Owner
may issue governing the conduct of those employees. 

	41.2	 The Contractor shall inform the Owner promptly, regularly and fully of any current or impending labor
negotiations in which the Contractor or any of its Subcontractors may be involved and any threatened or pending strike, lockout or other labor disturbance. 

  

	GS 42	 TIMELY PERFORMANCE 

 

	42.1	 Timely performance by the Contractor and by the Owner of each of their respective obligations under the
Contract is of the essence of the Contract. 

  

	GS 43	 PAYMENTS AND LIENS 

 

	43.1	 The Contractor shall keep the Place of the Work and all Products free of all liens in respect of the Work
performed or materials, equipment or services or other things supplied or done for the account of the Contractor and each of its Subcontractors. If any liens are filed or registered against any part of the Place of the Work or any Products, if
Contractor does not cause to be released any such lien or encumbrance after fourteen (14) Days written notice to the Contractor, without limiting the Contractor’s obligations under the Contract, the Owner may take all actions and
proceedings, including payment of funds into court or the posting of security, as may be necessary to procure a release and discharge of any lien, and all costs and expenses incurred by the Owner in connection therewith, including legal fees and
disbursements on a solicitor and its own client basis, shall be paid by the Contractor to the Owner on demand or may be deducted from any amounts then or thereafter due to the Contractor. 

 

	GC 44	 PLACE OF THE WORK 

 

	44.1	 The Contractor represents and warrants that it has observed and examined the Place of the Work and all storage
sites of the Work or Products, if any, and has determined to its satisfaction all conditions at or near those sites that may impact the performance of the Work and has taken into consideration all such determinations and observations in the
preparation of the Contract Documents, including, but not limited to the Contract Time and the Contract Price. 

  

	GC 45	 NO RELIANCE ON REPRESENTATIONS 

 

	45.1	 The Contractor represents and warrants to the Owner that the Contractor has not relied in entering into the
Contract upon any representations, statements or information not contained in the Contract, whether written or verbal, made or given by or on behalf of the Owner. 

	GC 46	 SUSPENSION OF WORK 

 

	46.1	 Notwithstanding the other provisions of this General Condition, in the event of an emergency, the Owner may at
any time stop the performance of the Work, or any part thereof, by giving written notice to the Contractor. The Contractor shall comply immediately with the notice in a manner consistent with the protection of the Work, other property and the life,
health and safety of persons. The Contractor shall resume the performance of the Work as soon as practicable, but in any event within 24 hours, after delivery of written notice from the Owner to the Contractor to do so. 

 

	46.2	 Subject to GC 29.3, if a stoppage or stoppages in the Work occurs under GC 46 without the fault of the
Contractor or any Subcontractor, the Owner shall pay for all costs and expenses incurred by the Contractor directly related to compliance with notice from the Owner under GC 46 during the time of the stoppage and until written notice is given by the
Owner to resume the Work. 

  

	46.3	 The Contract Time shall be extended for a reasonable time relative to the delay caused by or resulting from a
stoppage in the Work under GC 46. 

  

	GC 47	 CONTRACTOR’S EQUIPMENT 

 

	47.1	 The Contractor is responsible for the protection and security of the Contractor’s equipment, tools
and materials and the Owner shall not have any liability for the loss, damage or destruction of such equipment, tools or materials. 

  

	GC 48	 INDEMNITIES AND LIMITATION OF LIABILITIES  

 

	48.1	 The Contractor shall defend, indemnify and hold harmless the Owner and its directors, officers, employees,
agents and representatives from and against any and all claims, demands, actions, causes of actions, suits and proceedings for all damages, losses, costs, and expenses (including but not limited to litigation expenses, reasonable attorneys’
fees, the cost of pursuing any insurance providers and the cost of enforcing any right to indemnification) and liability, by whomsoever made, arising out of or resulting from the performance of the Work, including, but not limited to loss or damage
to, or destruction of, property, or personal injury, as a result of the breach of contract, negligence or any willful act or omission of the Contractor, a Subcontractor or their respective directors, officers, employees, agents or representatives,
or any one for whose acts they may be liable, except to the extent caused by a party indemnified hereunder. 

 The Owner shall defend, indemnify and hold harmless the Contractor and its directors,
officers, employees, agents and representatives from and against any and all claims, demands, actions, causes of actions, suits and proceedings for all damages, losses, costs, expenses (including but not limited to reasonable attorneys’ fees)
and liability, by whomsoever made, directly resulting from Owner’s performance of its obligations under this Agreement, including but not limited to loss or damage to, or destruction of, property, or personal injury, as a result of the breach
of contract, negligence or any willful act or omission of the Owner, the Owner’s Representative, the Owner’s subcontractors or their respective directors, officers, employees, agents or representatives, or any one for whose acts they may
be liable 
  

	48.2	 The Contractor’s indemnnification obligations under the Contract Documents shall not be limited in any way
by any limitation on the amount or type of damages, compensation or benefits payable by or for Contractor or any of its suppliers or subcontractors under workers’ compensation acts, disability benefit acts, or other employee benefit acts.

 The Contractor shall give prompt notice to the Owner of all losses, damages or injuries to persons or property for which
a claim might be made against the Owner and shall promptly report to the Owner all such claims of which the Contractor has notice whether relating to matters insured or uninsured. No settlement or payment of any claim for loss, injury or damage or
other matter as to which the Owner may be charged with the obligation to make payment or reimbursement shall be made by the Contractor without the written consent of the Owner. 

 

	48.3	 Unless provided otherwise in the Contract Documents, neither party shall be liable to the other for special,
incidental or consequential damages of any kind directly arising out of the Contract or the Work performed by the Contractor under the Contract. For purposes of the foregoing, “special, incidental or consequential damages” shall include
damages for loss of production, use, income, revenue, goodwill, profit, financing, business and reputation. The limitations in this GC 48.3 shall apply regardless of whether the liability arises in tort (including negligence), in contract, warranty,
statute, strict liability or otherwise, and regardless of whether the claim is at law or in equity. 

  

	48.4	 Notwithstanding any other provision in the Contract Documents, the Contractor’s total aggregate liability
to the Owner arising out of or related, in whole or in part, to the Project, the Contract and/or any Work performed (or not performed) by the Contractor under the Contract is limited to the Contract Price. The limitation in this GC 48.4 shall apply
regardless of whether the liability arises in tort (including negligence), in contract, warranty, statute, strict liability or otherwise, and regardless of whether the claim is at law or in equity. 

	GC 49	 PROTECTION OF RIGHTS 

 

	49.1	 The Contractor, at its expense, shall take reasonable action to ensure that: 

 

	 	49.1.1	 no person, property, right, easement or privilege is injured, damaged or infringed by reason of the
Contractor’s activities under the Contract; 

  

	 	49.1.2	 adequate measures meeting or exceeding those taken by the Owner or required by its insurers are taken to
protect against fire; and 

  

	 	49.1.3	 adequate sanitary measures in respect of the Work are taken. 

 

	GC 50	 INSURANCE 

  

	50.1	 The Contractor shall throughout the term of the Contract, carry and maintain, at Contractor’s expense, the
following insurance coverages: 

  

	 	50.1.1	 statutory workers’ compensation insurance covering Contactor’s employees as required by law of
Project state, and Employers’ Liability, and otherwise with limits of at least $1,000,000 per accident or disease; 

  

	 	50.1.2	 Commercial general liability Insurance, with a minimum single limit of $1,000,000 per each occurrence and an
annual aggregate limit of liability of $5,000,000 and umbrella or excess liability coverage of $20,000,000. The policy shall include coverage for any and all of the following: 

(a) The policy shall include coverage for any and all of the following: bodily injury, broad form property damage, personal injury (including
coverage for contractual and employee acts), contractual liability, and products and completed operations. The products and completed operations coverage shall extend for two (2) years past acceptance, cancellation or termination of the Work.
Said policy shall contain a severability of interest provision. 
 (b) Each general liability policy be written on ISO form CG 001 or its
equivalent, and shall be endorsed to include the Owner and shall stipulate that the insurance afforded by the policies shall be primary insurance and that any insurance, self-insured retention, deductibles, or risk retention programs maintained or
participated in by the Additional Insureds, or their agents, officials or employees shall be excess and not contributory to the Contractor’s insurance. 

(c) The Contractor shall cause the insurer providing the policies required hereunder to waive all rights of recovery against the Owner
(including its parent and affiliate companies), and their respective officers, directors, members, managers, shareholders, employees, representatives and agents. 
  

	 	50.1.3	 Business automobile liability Insurance coverage providing bodily injury, death and property damage liability
and loss of use coverage with a combined single limit of at least $2,000,000 on any one (1) accident. 

	 	(a)	 The policy must include a duty to defend and cover all owned,
non-owned, and leased, hired or borrowed vehicles used in performance of the Work on or off the general geographic area where the Project is located. 

 

	 	50.1.4	 Professional liability insurance covering all Work on the Project performed by Contractor against claims for
professional negligence with limits of at least $5,000,000 per claim and $5,000,000 aggregate. Contractor shall also ensure that anyone performing Work on a design-build basis or performing design-related services shall maintain professional
liability insurance with minimum limits reasonably acceptable to Contractor. 

  

	50.2	 Prior to commencing performance of the Work, Contractor shall furnish to Owner, certificate(s) of insurance
from an insurer satisfactory to Owner, acting reasonably, evidencing compliance with the provisions of this GC 50, and such certificate(s) shall contain the following provisions, if available: (i) such insurance coverage’s shall not be
cancelled or materially altered without first giving thirty (30) Days’ prior written notice to Owner; (ii) such insurance coverage’s shall be primary to any owned by Owner; and (iii) with respect to the insurance required
under GC 50.1.2 Owner shall be covered as an additional insured. 

  

	50.3	 Owner shall pursue the possibility of providing and paying for project specific liability and property
insurance, including builder’s risk insurance and liability wrap up, to insure against project specific liability and all risks of direct physical loss, damage or destruction occurring during the period before Substantial Performance, except as
excluded, that shall at least include the full replacement cost of the Project, with no co-insurance provision. The value utilized for property insurance shall be one hundred percent (100%) of the completed
value of the construction; and the policy will include coverage for delay in completion (soft costs/additional expenses). Insurance against loss of tools, equipment, or other items not to be incorporated in the Work but required for prosecution of
the Work shall be the responsibility of Contractor. Any builder’s risk policy shall waive all subrogation rights against Contractor and Subcontractors. Notwithstanding the foregoing, the Owner may determine not to obtain such insurance if it,
in its sole discretion, determines that it is not practicable to do so due to cost or other factors, or it may determine to provide insurance with different terms from those described above; provided, however, the material terms of such insurance
shall be subtantially similar to the coverage described above. In addition, this GC 50.3 shall not delay the commencement or continuation of Work under the Contract Documents. 

	GC 51	 CONFIDENTIALITY 

 

	51.1	 All non-public, confidential or proprietary information of the Owner,
including, but not limited to, specifications, samples, patterns, designs, plans, drawings, documents, data, business operations, customer lists, pricing, discounts or rebates, disclosed by the Owner to the Contractor, whether disclosed orally or
disclosed or accessed in written, electronic or other form or media, and whether or not marked, designated or otherwise identified as “confidential,” in connection with the Contract Documents is confidential, solely for the use of
performing the Contract Documents and may not be disclosed or copied unless authorized by the Owner in writing. Upon the Owner’s request, the Contractor shall promptly return all documents and other materials received from the Owner. The Owner
shall be entitled to injunctive relief for any violation of this Section. This Section shall not apply to information that is: (a) in the public domain; (b) known to the Contractor at the time of disclosure; or (c) rightfully obtained
by the Contractor on a non-confidential basis from a third party. 

  

	GC 52	 NO THIRD-PARTY BENEFICIAIRIES 

 

	52.1	 The Contract Documents are for the sole benefit of the parties hereto and their respective successors
and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of these terms.

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