Document:

Exhibit 4.1

    

      

      DATED AS OF JULY 2, 2019

       

      THE SELLERS IDENTIFIED HEREIN

        

      

      HORIZON AIRCRAFT FINANCE II LIMITED

       

      and

       

      HORIZON AIRCRAFT FINANCE II LLC

       

      and

       

      THE OTHER PURCHASERS IDENTIFIED HEREIN

      

      PURCHASE AGREEMENT

       

      
        
          

      

      
      TABLE OF CONTENTS

       

      	
              1.

            	
              INTERPRETATION

            	
              1

            
	 	 	 
	
              2.

            	
              PURCHASE AND SALE

            	
              13

            
	 	 	 
	
              3.

            	
              CLOSING

            	
              17

              

            
	 	 	 
	
              4.

            	
              RELIANCE; PAYMENTS

            	
              21

            
	 	 	 
	
              5.

            	
              ADDITIONAL OBLIGATIONS WITH RESPECT TO REMAINING AIRCRAFT

            	
              22

            
	 	 	 
	
              6.

            	
              SUBSTITUTION AND TERMINATION

            	
              23

            
	 	 	 
	
              7.

            	
              NON-DELIVERY EVENTS

            	
              25

            
	 	 	 
	
              8.

            	
              REPRESENTATIONS AND WARRANTIES OF SELLERS

            	
              25

            
	 	 	 
	
              9.

            	
              INDEMNITIES

            	
              27

            
	 	 	 
	
              10.

            	
              TAXES

            	
              31

            
	 	 	 
	
              11.

            	
              LIMITATIONS ON WARRANTIES AND INDEMNITIES

            	
              32

            
	 	 	 
	
              12.

            	
              REPRESENTATIONS AND WARRANTIES OF THE ISSUER GROUP

            	
              33

            
	 	 	 
	
              13.

            	
              ADDITIONAL COVENANTS AND AGREEMENTS

            	
              34

            
	 	 	 
	
              14.

            	
              CONDITIONS

            	
              34

            
	 	 	 
	
              15.

            	
              MISCELLANEOUS

            	
              40

            

      

      

      
        i

        
          

      

      CONTENTS

       

      
        	
                EXHIBIT A SELLERS AND ASSETS

              
	 
	
                SCHEDULE 1 REPRESENTATIONS AND WARRANTIES OF SELLERS

              
	 
	
                SCHEDULE 2 THE ISSUER GROUP REPRESENTATIONS AND WARRANTIES

              
	 
	
                SCHEDULE 3 PARTICULARS OF THE AIRCRAFT

              
	 
	
                SCHEDULE 4 FORM OF BILL OF SALE

              
	 
	
                SCHEDULE 5 RENT TRANSFER AMOUNTS

              
	 
	
                SCHEDULE 6 THE TRANSFERRING COMPANIES

              
	 
	
                SCHEDULE 7 THE TRANSFERRING TRUSTS

              
	 
	
                SCHEDULE 8 THE TRANSFERRING SUBSIDIARIES

              
	 
	
                SCHEDULE 9 UNOWNED AIRCRAFT

              
	 
	
                SCHEDULE 10 FORM OF SHARE TRANSFER

              
	 
	
                SCHEDULE 11 FORM OF ASSIGNMENT OF BENEFICIAL INTEREST

              
	 
	
                ANNEX 1 DISCLOSURE LETTER

              

      

      

      

      
        ii

        
          

      

      
      THIS AGREEMENT is dated as of July 2, 2019

       

      AMONG:

       

      
        
          	(1)	
                  THE SELLERS LISTED ON EXHIBIT A HERETO;

                

        

      

       

      
        
          	(2)	
                  HORIZON AIRCRAFT FINANCE II LIMITED, an exempted company incorporated with limited liability under the laws of the Cayman Islands (the Cayman Issuer);
                    and

                

        

      

       

      
        
          	(3)	
                  HORIZON AIRCRAFT FINANCE II LLC, a Delaware limited liability company (the US Issuer and, together with the Cayman Issuer, the Issuers).

                

        

      

       

      RECITALS:

       

      
        
          	A.	
                  The Issuer Group has agreed to acquire from the Sellers, as applicable, the Aircraft Interests or the Aircraft (as hereinafter defined) on the terms and conditions set out in this Agreement, including the provisions contained in
                    Clause 4.

                

        

      

       

      
        
          	B.	
                  Amounts payable by the Issuer Group for the acquisition by way of sale and purchase from the Sellers of the Aircraft Interests and the Aircraft will be financed, directly or indirectly, in whole or in part, through the issue of
                    financial instruments (including the Initial Notes and the E Note).

                

        

      

       

      NOW IT IS AGREED as follows:

       

      
        
          	1.	
                  INTERPRETATION

                

        

      

       

      
        
          	1.1	
                  Definitions:

                

        

      

       

      In this Agreement unless the context requires otherwise:

       

      Action means any claim, action, suit, arbitration, inquiry, proceeding or investigation by or before any Governmental Authority;

       

      Affiliate means, with respect to any person, any body corporate which is (a) a subsidiary or a holding company of such person or (b) a subsidiary of any
        body corporate of which that person is also a subsidiary, except that neither any share trustee nor any special purpose company whose shares are owned by any such share trustee shall be regarded as an Affiliate of any person;

       

      Agreed Form means, when used in relation to any draft certificate, document, agreement or opinion referred to in this Agreement, substantially in the form
        agreed between the applicable Seller and the Issuers (including as was agreed to prior to the Initial Closing Date);

       

      Aircraft means the 20 aircraft listed or referred to in Exhibit A and any Substitute Aircraft agreed to by the Issuer Group in accordance with Clause 6 of
        this Agreement, together with, unless otherwise specified, all Engines, Parts and Aircraft Documents related thereto, unless a Termination Notice has been delivered with respect to such aircraft or this Agreement has been terminated in relation to
        such aircraft pursuant to Clause 6.3;

       

      
        1

        
          

      

      Aircraft Documents means, in respect of any Aircraft, all manuals, log books, technical data and other records and documents relating to such Aircraft which
        are defined as “Aircraft Documents” (by way of a similar definition) in the relevant Lease;

       

      Aircraft Interests means, together, the Beneficial Interests in each Transferring Trust and the Shares of each Transferring Company. For the purposes of
        this definition, the Aircraft to which an Aircraft Interest relates is the Aircraft, legal title to which (where the Aircraft Interest is a Beneficial Interest) is held by, or which is leased by (or which is to be held by or leased by), the
        relevant Transferring Trust or a Transferring Subsidiary of that Transferring Trust or (where the Aircraft Interest is comprised of the Shares of any Transferring Company) any Aircraft which is legally and beneficially owned by, or leased by (or
        which is to be owned by or leased by), that Transferring Company or a Transferring Subsidiary of that Transferring Company;

       

      Aircraft Non-Delivery Amount means, with respect to any Remaining Aircraft to which the payment provisions of Clause 4.3 apply, an amount (which may be
        positive or negative) equal to the sum of:

       

      
        
          	

                	(i)	
                  an amount (which may be positive or negative) equal to (A) the aggregate amount of all Lease Expenses in respect of such Remaining Aircraft paid by the Issuers pursuant to Clause 5.1 (or, in the case of a Substitute Aircraft, all
                    such Lease Expenses paid by the Issuers in respect of the relevant replaced Remaining Aircraft through the date of substitution and all Lease Expenses paid in respect of the Substitute Aircraft thereafter) less (B) the aggregate of all
                    amounts corresponding to Rental Payments and Maintenance Rent transferred to the Collections Account with respect to such Remaining Aircraft pursuant to Section 3.08(f) of the Indenture; plus

                

        

      

       

      
        
          	

                	(ii)	
                  an amount equal to (A) the portion of the Outstanding Principal Balance of the Initial Notes to be redeemed in an Acquisition Balance Redemption on the applicable Redemption Date in respect of such Remaining Aircraft in accordance
                    with Section 3.10(b) of the Indenture less (B) the balance on deposit in the sub-account in the Aircraft Acquisition Account in respect of such Remaining Aircraft on such Redemption Date; plus

                

        

      

       

      
        
          	

                	(iii)	
                  an amount equal to (A) interest at the rate of 4.13% per annum for the period from the Initial Closing Date to such Redemption Date on the Allocable Repayment Amount in respect of such Remaining Aircraft calculated as of the
                    applicable Redemption Date less (B) the sum of (1) any Interest Amount previously paid by or on behalf of the Issuers with respect to the Initial Notes to be redeemed in the Acquisition Balance Redemption on or prior to such Redemption
                    Date and (2) the amount of all Investment Earnings on the amounts on deposit in the sub-account in the Aircraft Acquisition Account relating to such Remaining Aircraft on such Redemption Date; plus

                

        

      

       

      
        2

        
          

      

      
        
          	

                	(iv)	
                  an amount equal to interest at the rate of 12.00% per annum for the period from the Initial Closing Date to such Redemption Date on the Allocable E Note Amount for such Remaining Aircraft less any amounts distributed to the E Note
                    Account pursuant to Section 3.09 of the Indenture during such period that is allocable to such Remaining Aircraft (such allocation to be based on the Designated Percentage of such Remaining Aircraft);

                

        

      

       

      Aircraft Owner means, in respect of any Aircraft, the Person which immediately prior to the Closing of such Aircraft (or the Aircraft Interest which relates
        to such Aircraft) holds title to such Aircraft;

       

      Aircraft Purchase Agreements means the aircraft purchase agreements or equivalent agreements (including assignment agreements in respect of aircraft
        purchase agreements and any Bills of Sale) relating to the Aircraft together with any other agreements, in each case, entered into by the relevant Seller, Transferring Trusts, Transferring Companies or Transferring Subsidiaries which effects the
        acquisition of one or more Aircraft by such Seller, Transferring Trusts, Transferring Companies or Transferring Subsidiaries, as applicable;

       

      Allocable E Note Account means, for each Remaining Aircraft, the amount set forth on Exhibit A for such Remaining Aircraft under the heading “Allocable E
        Note Amount”;

       

      Base Purchase Price means the “Purchase Price Balance” as defined in the Indenture, and as set forth on Exhibit A;

       

      Beneficial Interests means the 100 percent beneficial interests held by the relevant Trustors in the Transferring Trusts and Transferring Trust Estate;

       

      Bills of Sale means (i) with respect to each Aircraft that is owned by, or is to be owned by, a Transferring Company, a Transferring Subsidiary or a
        Transferring Trust, the bills of sale relating to such Aircraft, showing that title to such Aircraft is held by such Transferring Company, Transferring Subsidiary or Transferring Trust, as applicable and (ii) for any Aircraft to be directly
        transferred from an Aircraft Owner to an Issuer Group Member pursuant to this Agreement, an executed bill of sale from the relevant Aircraft Owner thereof to the relevant Issuer Group Member substantially in the form of Schedule 4 (with such
        modifications as counsel to any Seller in any delivery location may advise as necessary or desirable) and, as necessary, any FAA bill of sale executed by the relevant Aircraft Owner thereof;

       

      Closing means, in relation to any Aircraft or Aircraft Interest, the transfer of the legal and/or beneficial title (as applicable) of that Aircraft or
        Aircraft Interest to an Issuer or the applicable Issuer Group Member in accordance with Clause 3;

       

      Closing Date means, in relation to an Aircraft or Aircraft Interest, the date upon which the Closing of the sale of that Aircraft or Aircraft Interest to an
        Issuer or applicable Issuer Group Member hereunder takes place;

       

      Delivery Expiry Date has the meaning given to such term in Clause 4.1 hereof;

       

      
        3

        
          

      

      Delivery Notice has the meaning given to such term in Clause 3.1.1(2) hereof;

       

      directors and secretary, in relation to a Transferring Company or a Transferring Subsidiary, means the persons
        described in a Delivery Notice as directors and secretary thereof respectively;

       

      Disclosure Letter means the disclosure letter of even date herewith between the applicable Seller(s) and the Issuers (or the applicable Issuer Group
        Member(s)), a copy of which is annexed hereto as Annex 1, together with any further disclosure letters required under Clause 13.1 in relation to an Aircraft or Aircraft Interest delivered by a Seller to the Issuers or an Issuer Group Member on or
        before the Closing of the sale of that Aircraft or Aircraft Interest;

       

      Dollars or $ or US$ means the lawful currency of the United States of
        America;

       

      Engine means each engine listed or referred to in Schedule 3 or as otherwise identified in a Delivery Notice and, in the case of a Substitute Aircraft, each
        engine owned by the applicable Aircraft Owner and attached to that Substitute Aircraft or, where any such engine has been replaced under the terms of the relevant Lease, and title to the replacement engine has passed to the relevant Aircraft Owner,
        such replacement engine, and including any and all Parts incorporated in, installed on or attached to such engine or replacement engine;

       

      Event of Loss means, in respect of any Aircraft, an “Event of Loss” or “Total Loss” as such term or similar term is defined under the applicable Lease;

       

      Governmental Authority means any governmental, regulatory or administrative authority, agency or commission or any court, tribunal, or judicial or arbitral
        body;

       

      Governmental Order means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental Authority;

       

      Guarantor means, with respect to any Guaranty, the provider of such Guaranty as set forth in Exhibit A hereto for each Aircraft;

       

      Guaranty means, with respect to each Seller and the obligations of such Seller hereunder, the guaranty in respect of such obligations executed and delivered
        by the relevant Guarantor on or prior to the Closing Date with respect to each Aircraft hereof in favor of the relevant Issuer Group Member in form and substance reasonably acceptable to such Issuer Group Member;

       

      Indenture means the Trust Indenture dated as of the date hereof between the Issuers, UMB Bank, N.A., as trustee and as operating bank, Maples Fiduciary
        Services (Ireland) Limited, as managing agent, and MUFG Union Bank, N.A., as liquidity facility provider;

       

      Initial Aircraft means the Aircraft delivered on the Initial Closing Date, if any;

       

      
        4

        
          

      

      Initial Aircraft Interests means the Aircraft Interests delivered on the Initial Closing Date, if any;

       

      Initial Closing Date Appraised Value is, for an Aircraft, specified in Exhibit A hereto;

       

      Investment Earnings means investment earnings on funds on deposit in the Aircraft Acquisition Account (or the applicable Aircraft Acquisition Sub-Account)
        established pursuant to section 3.01(a) of the Indenture net of losses realized and investment expenses in making such investments;

       

      Issuer Encumbrance means any Lien which is created by or results from debts or liabilities or actions or omissions of any Issuer Group Member, including
        Liens created pursuant to the Related Documents;

       

      Issuer Group means the Issuers and each Transferring Trust, each Transferring Company and each Transferring Subsidiary (in each case, once it has been
        acquired directly or indirectly by an Issuer pursuant to this Agreement) and any other companies or trusts which are, or which on or after the date of this Agreement become, direct or indirect subsidiaries of an Issuer;

       

      Issuer Group Member means a member of the Issuer Group;

       

      Issuer Indemnified Party has the meaning given to such term in Clause 9.1.2;

       

      Issuer Indemnity has the meaning given to such term in Clause 9.1.1;

       

      Issuer Warranties means, the warranties and undertakings of the Issuer Group contained in Schedule 2;

       

      Law means and includes (a) any statute, decree, constitution, regulation, order, judgment or other directive of any Governmental Authority; (b) any treaty,
        pact, compact or other agreement to which any Governmental Authority is a signatory or party; (c) any judicial or administrative interpretation or application of any Law described in (a) or (b) above; and (d) any amendment or revision of any Law
        described in (a), (b) or (c) above;

       

      Lease means, (i) for each Aircraft other than a Substitute Aircraft, the aircraft lease agreement (including any sublease) described in the “Lease
        Documents” section of the table in Schedule 3 to this Agreement which relates to the relevant aircraft and (ii), with respect to a Substitute Aircraft, each aircraft lease agreement, conditional sale agreement, hire purchase agreement or other
        similar arrangement with respect to such Substitute Aircraft, which is identified in the relevant Delivery Notice and effective on the relevant Closing Date;

       

      Lease Documents means, (i) for each Aircraft other than a Substitute Aircraft, the documents described in the “Lease Documents” section of the table in
        Schedule 3 to this Agreement which relates to the relevant aircraft and is, or is expected to be, effective on the relevant Closing Date and (ii), with respect to a Substitute Aircraft, each lease document with respect to such Substitute Aircraft,
        which is identified in the relevant Delivery Notice and effective on the relevant Closing Date;

       

      
        5

        
          

      

      Lease Expenses means, with respect to the Lease relating to a Remaining Aircraft, all costs and expenses relating to the management of such Lease actually
        incurred by the Sellers (including costs and expenses that would be payable or reimbursable under Section 3.04(b) of the Indenture were they paid or incurred by an Issuer Group Member) from and including the Initial Closing Date to, but excluding,
        the earlier of (a) the Closing Date on which the Remaining Aircraft or Aircraft Interests of the relevant Remaining Entity to which the Remaining Aircraft relates are transferred to an Issuer or applicable Issuer Group Member and (b) the
        Non-Delivery Date with respect to such Remaining Aircraft (provided that any such obligations due and owing after such Non-Delivery Date shall be for the sole account of the applicable Seller); provided that,
        Lease Expenses will be deemed to relate to the period from and including the Initial Closing Date if, and to the extent that, such Lease Expenses become due and owing by the relevant Seller from and after the Initial Closing Date or where the
        underlying maintenance event occurs on or after the Initial Closing Date; provided further, that, notwithstanding anything herein or any Other Transaction Document to the contrary Lease Expenses shall
        include certain expenses which the relevant Seller and the Issuers agree in a Disclosure Letter constitute Lease Expenses regardless of when such Lease Expenses became due and owing or when the underlying maintenance event occurred;

       

      Lessee means the lessee under a Lease;

       

      Lessor means the lessor under a Lease;

       

      Liabilities means any and all debts, liabilities and obligations, whether accrued or fixed, absolute or contingent, matured or unmatured or determined or
        determinable, including, without limitation, those arising under any law (including, without limitation, any environmental law), Action or Governmental Order and those arising under any contract, agreement, arrangement, commitment or undertaking;

       

      Lien means any security interest, pledge, mortgage, lien (including, without limitation, environmental and Tax liens), charge, encumbrance, adverse claim,
        preferential arrangement or restriction of any kind, including, in the case of shares or membership interests, without limitation, any restriction on the use, voting, transfer, receipt of income or other exercise of any attributes of ownership of
        such shares or membership interests;

       

      Losses has the meaning given to such term in Clause 9.1;

       

      Maintenance Rent means any lease payments (whether called maintenance reserves, additional rent, supplemental rent, utilization rent or any similar term in
        the applicable Lease) that are in addition to a base rent for an Aircraft (regardless of how such base rent is calculated) payable under a Lease based on usage, including hours or cycles of operation of the airframe, engines, life-limited engine
        parts, landing gear and/or auxiliary power unit of such Aircraft, provided that, if any Aircraft is a Non-Owned Aircraft, until the earliest to occur of (i) the date such Non-Owned Aircraft is actually
        acquired by a Seller, a Transferring Company, any Transferring Subsidiary or a Transferring Trust (or any of their respective Affiliates), (ii) the Closing Date for such Aircraft and (iii) the Termination Date for such Aircraft, if applicable,
        Maintenance Rent shall be deemed to have been paid to the relevant Seller in the amounts and on the dates set forth in the relevant Lease, without regard to whether such amounts were actually so received by or for the benefit of such Seller;

       

      
        6

        
          

      

      Material Adverse Effect means, in respect of any person, any material adverse effect on the business condition (financial or otherwise), operations,
        performance or properties of the relevant person or persons and its/their subsidiaries, taken as a whole;

       

      Material Damage means, for any Aircraft, damage to such Aircraft in excess of ten percent (10%) of the Initial Closing Date Appraised Value of such
        Aircraft;

       

      Net Cash Flow Amount means, in respect of any substitution of one or more Substitute Aircraft for a Remaining Aircraft as of any date of determination, an
        amount, which may be a negative number, determined with respect to such Remaining Aircraft and in the aggregate with respect to all Substitute Aircraft that are replacing such Remaining Aircraft in accordance with the following formula:

       

      LR – (LE + S)

       

      where:

       

      LR = aggregate Rental Payments and Maintenance Rent received (or deemed received) in respect of the Remaining Aircraft, or all such Substitute Aircraft, as applicable, from the Initial Closing Date
        to such date of determination

       

      LE = aggregate Lease Expenses paid in respect of the Remaining Aircraft, or all such Substitute Aircraft, as applicable, from the Initial Closing Date to such date of determination, and

       

      S = aggregate Servicing Fees (as defined in both Servicing Agreements) paid and accrued but not yet paid in respect of the Remaining Aircraft, or which would have been paid and accrued but not yet
        paid in respect of the Substitute Aircraft had all such Substitute Aircraft been “Aircraft” from the Initial Closing Date to such date;

       

      Non-Delivery Date means the date of occurrence of a Non-Delivery Event;

       

      Non-Delivery Event has the meaning given to such term in Clause 7.1 hereof;

       

      Non-Owned Aircraft means an Aircraft which, as of the Initial Closing Date and/or the relevant Closing Date, is not owned by a Seller, a Transferring
        Company, any Transferring Subsidiary or a Transferring Trust;

       

      Non-Owned Transferring Trust means a Transferring Trust which, as of the Initial Closing Date and/or the relevant Closing Date, is not owned by a Seller, a
        Transferring Company, any Transferring Subsidiary or a Transferring Trust;

       

      
        7

        
          

      

      Notice and Acknowledgments means the lease amendment, acknowledgment and consent agreements in respect of each Lease with a Lessee, in substantially Agreed
        Form, regarding the assignment by way of security of such Lease by the Lessor and the obligations of the Lessor with respect to such Lease, in each case, pursuant to the Related Documents;

       

      Novation Agreements means the novation agreements or assignment, assumption and amendment agreements to which a Lessor and an Issuer Group Member is or will
        be a party, together with any other agreements entered into by a Lessor and an Issuer Group Member, in each case, for the purpose of novating and/or transferring to such Issuer Group Member the rights, benefits and obligations of the relevant
        Lessor under the relevant Lease, in each case, in Agreed Form;

       

      Other Transaction Documents means the Guarantees, the Bills of Sale referred to in clause (ii) of the definition thereof, the Novation Agreements, the Trust
        Assignment Agreements, the Notices and Acknowledgments and the Indenture;

       

      Part means any part, component, appliance, accessory, instrument or other item of equipment (other than any of the Engines) incorporated in, installed on or
        attached to any Aircraft or Engine;

       

      Permitted Aircraft Type means aircraft (i) of each of the following types: (x) Airbus A320 ceo or A320 neo family aircraft or (y) Boeing 737 NG or 737 MAX
        family aircraft or (ii) of any sub-variant of the aircraft in the foregoing clause (i) or any improved version of any such aircraft, or of any new technology program established by Airbus or Boeing;

       

      Permitted Liens, in respect of any Aircraft, means:

       

      
        	 	
                (a)

              	
                any Issuer Encumbrance;

              

      

       

      
        
          	

                	(b)	
                  any “Permitted Lien” (or other similar term) as defined under the relevant Lease (other than liens created by the relevant Lessor);

                

        

      

       

      
        
          	

                	(c)	
                  any liens created by or through or arising from debt or liabilities or any act or omission of any Lessee, in each case in contravention of the relevant Lease (whether or not such Lease has been terminated) or without the consent of
                    the relevant Lessor;

                

        

      

       

      
        
          	

                	(d)	
                  any head lease, lease, conditional sale agreement or option permitted under the Leases or purchase options relating to the Aircraft which would constitute a “Permitted Lien” as defined in the Indenture; and

                

        

      

       

      
        
          	

                	(e)	
                  any lien for Taxes, assessments or government charges which are not yet due or payable or which are being contested in good faith and for which an adequate reserve has been established in accordance with U.S. GAAP;

                

        

      

       

      Purchase Price has (i) in the case of a Transferring Company, the meaning given to it in Clause 2.2.1(1), (ii) in the case of a Transferring Trust, has the
        meaning given to it in Clause 2.2.2(1), and (iii) in the case of a Transferring Title Aircraft, has the meaning given to it in Clause 2.2.3(1);

       

      
        8

        
          

      

      Relevant Solvency Acts means (i) in respect of a company incorporated in, or having its center of main interests in, Ireland, Sections 508, 509 and 570 of
        the Companies Act, 2014 and (ii) in respect of a company incorporated or formed outside Ireland, any analogous provisions of applicable laws and/or regulations;

       

      Remaining Aircraft means, at any time after the Initial Closing Date, the Aircraft for which the Closing Date has not occurred, including any Substitute
        Aircraft, but does not include any Aircraft with respect to which the applicable Seller has delivered a Termination Notice or in respect of which this Agreement has been terminated pursuant to Clause 6.3;

       

      Remaining Entities means the Remaining Companies and the Remaining Trusts, and Remaining Entity means any of them;

       

      Remaining Company means, at any time after the Initial Closing Date, and provided that this Agreement shall not have been terminated pursuant to Clause 6.3,
        any Transferring Company which:

       

      
        	 	
                (a)

              	
                owns, leases or is to acquire or lease any of the Aircraft; or

              

      

       

      
        
          	

                	(b)	
                  owns or is to acquire any Transferring Subsidiary which owns, leases or is to acquire or lease any of the Aircraft,

                

        

      

       

      and in respect of which the relevant Aircraft or Shares, as the case may be, at that time have not been (a) transferred to an Issuer Group Member, or (b) the subject of a Termination Notice;

       

      Remaining Trust means, at any time after the Initial Closing Date, and provided that this Agreement shall not have been terminated pursuant to Clause 6.3,
        any Transferring Trust which (i) owns or is to acquire, or leases or is to lease, or (ii) owns or is to acquire any Transferring Subsidiary which owns, leases or is to acquire or lease, any of the Aircraft, and the Beneficial Interests in which at
        that time have not been (a) transferred to the applicable Issuer; or (b) the subject of a Termination Notice;

       

      Rental Payment means, for any Lease, any scheduled rent thereunder, whether denominated as “Basic Rent”, “Rent” or otherwise, including any rent based on
        hours or cycles of operation of an Aircraft or Engine such as “power-by-the-hour amounts” and any payments for “excess hour or cycle amounts”, whether or not in addition to a base rent, but which does not constitute Maintenance Rent provided that, if any Aircraft is a Non-Owned Aircraft, until the earliest to occur of (i) the date such Non-Owned Aircraft is actually acquired by a Seller, a Transferring Company, any Transferring Subsidiary or
        a Transferring Trust (or any of their respective Affiliates), (ii) the Closing Date for such Non-Owned Aircraft and (iii) the Termination Date for such Aircraft, Rental Payments shall be deemed to have been paid to the relevant Seller in the
        amounts and on the dates set forth in Schedule 9 hereto, without regard to whether such amounts were actually so received by or for the benefit of such Seller;

       

      
        9

        
          

      

      Security Deposit means, in relation to a Lease, such part of any amounts (whether in the form of cash, a letter of credit or otherwise, and whether
        described as commitment fee or security deposit) paid by the Lessee to the Lessor to secure the obligations of the Lessee to the Lessor under the Lease in respect of which, at the relevant Closing Date, the relevant Lessee would or might have a
        claim to repayment, including any interest accrued thereon for the benefit of the relevant Lessee pursuant to the terms of the relevant Lease;

       

      Security Trust Agreement means the Security Trust Agreement dated on or about the date hereof among the Issuers, UMB Bank, N.A., as security trustee and
        operating bank and the additional grantors identified therein, as supplemented, amended and otherwise modified from time to time;

       

      Security Trustee has the meaning given to such term in the Security Trust Agreement;

       

      Sellers means each of the entities specified on Exhibit A, each a Seller;

       

      Seller Indemnified Party has the meaning given to such term in Clause 9.1.1;

       

      Seller Indemnity has the meaning given to such term in Clause 9.1.2;

       

      Servicer means, collectively, BBAM Aviation Services Limited and BBAM US LP;

       

      Servicing Agreement means the Servicing Agreement dated on or about the date hereof between, inter alios, the
        Servicer and the Issuers, as amended from time to time, or any replacement servicing agreement;

       

      Shares means in the case of any Transferring Company or any Transferring Subsidiary that is a company, all of the issued and outstanding shares in the
        capital of such Transferring Company or Transferring Subsidiary, as the case may be, details of which are set out in a Delivery Notice;

       

      Solvent means in respect of a company at any date and on the assumption that the transactions contemplated by this Agreement, the Other Transaction
        Documents and the Related Documents have been completed or will be completed (as the case may be) on the terms and conditions set out therein that such company on such date:

       

      
        
          	

                	(a)	
                  is not unable to pay its debts as such debts fall due nor would it be deemed to be unable to pay its debts as such debts fall due within the meaning of the Relevant Solvency Acts; and

                

        

      

       

      
        
          	

                	(b)	
                  would not become unable to pay its debts as such debts fall due nor would be deemed to be unable to pay its debts as such debts fall due within the meaning of the Relevant Solvency Acts; and the word solvency

                    shall be construed accordingly;

                

        

      

       

      subsidiary shall be construed in accordance with section 7 of the Irish Companies Act 2014;

       

      
        10

        
          

      

      Substitute Aircraft means each Aircraft which the Issuers agree to accept in substitution for a Remaining Aircraft in accordance with Clause 6.1;

       

      Taxes means any and all present and future sales, use, personal property, customs, ad valorem, value added, turnover, franchise, windfall or other profits,
        payroll, capital stock, employment, social security, workers’ compensation, unemployment compensation, stamp, transfer, excise, interest equalization, income, gross receipts, limited liability company minimum, limited partnership minimum,
        corporation, advanced corporation, capital gains, wealth, dividend, deposit interest, import and export, capital or other taxes, fees, withholdings, imposts, duties, deductions, levies, or other charges of any nature, together with any penalties,
        fines, or interest thereon, imposed, levied, or assessed by, or otherwise payable to, any Governmental Authority;

       

      Tax Indemnifying Party has the meaning set forth in Clause 10.3;

       

      Termination Date has the meaning given to such term in Clause 6.3;

       

      Termination Notice has the meaning given to such term in Clause 6.3;

       

      Transferring Companies means the companies identified in Schedule 6 hereto;

       

      Transferring Subsidiary means any company or trust owned by, or to be acquired by, a Transferring Company or Transferring Trust identified in Schedule 8
        hereto or in any relevant Delivery Notice;

       

      Transferring Subsidiary Company means any Transferring Subsidiary which is a company;

       

      Transferring Subsidiary Trust means any Transferring Subsidiary which is a trust;

       

      Transferring Title Aircraft means the Aircraft identified in lines 1-5, 8-11, 13, 15 and 17-20 of the table set forth in Exhibit A hereto and any Aircraft
        that becomes a Transferring Title Aircraft pursuant to Clause 15.5;

       

      Transferring Trust Estate has, in respect of a Transferring Trust, the meaning given to it in the relevant Trust Agreement;

       

      Transferring Trusts means the trusts identified in Schedule 7 hereto;

       

      Trust Agreement means, in respect of any Transferring Trust, the trust agreement or similar document constituting such trust;

       

      Trust Assignment Agreements means the trust assignment and assumption agreements to which any Trustor will be a party, together with any other agreements
        entered into by any Trustor, in each case, for the purpose of transferring to any Issuer Group Member the rights, benefits and obligations of the owner participants in the Transferring Trusts, in each case, in the Agreed Form;

       

      
        11

        
          

      

      
        Trustor means, in respect of any Transferring Trust, the Person which immediately prior to the Closing in respect of such Transferring Trust owns the Beneficial Interests in
          such Transferring Trust;

      

       

        

      VAT means value added Tax and any goods and services, sales or turnover Tax, consumption Tax (including for the avoidance of doubt, Japanese consumption
        Tax) or charges of a similar kind; and

       

      Warranties means the warranties and undertakings of the Sellers contained in Schedule 1.

       

      
        
          	1.2	
                  Computation of Time Periods:

                

        

      

       

      In this Agreement, 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.

       

      
        
          	1.3	
                  Statutes:

                

        

      

       

      Any reference in this Agreement and/or in the Schedules hereto to any statute or statutory provision shall be deemed to include any statute or statutory provision which amends, extends,
        consolidates or replaces the same, or which has been amended, extended, consolidated or replaced by the same and shall include any orders, regulations, instruments or other subordinate legislation made under the relevant statute.

       

      
        
          	1.4	
                  Number, Persons:

                

        

      

       

      Unless the context otherwise requires, words importing the singular number shall include the plural number and vice versa and words importing persons shall include corporations.

       

      
        
          	1.5	
                  Indenture Definitions:

                

        

      

       

      Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Indenture.

       

      
        
          	1.6	
                  Internal References:

                

        

      

       

      
        
          	

                	(1)	
                  Words such as hereunder, hereto, hereof and herein and other words commencing with here shall unless the context clearly indicates the contrary refer to the whole of this Agreement and not to any particular Clause, sub Clause, paragraph or sub paragraph hereof.

                

        

      

       

      
        
          	

                	(2)	
                  References to this Agreement include the schedules, annexes and exhibits hereto and the Disclosure Letter and any amendments made in accordance with Clause 15.5.

                

        

      

       

      
        
          	

                	(3)	
                  Any reference to any Clause, sub Clause, paragraph or sub paragraph shall be a reference to the Clause, sub Clause, paragraph or sub paragraph of this Agreement in which the reference occurs unless it is indicated that reference to
                    some other provision is intended.

                

        

      

       

      
        12

        
          

      

      
        
          	

                	(4)	
                  All references to Schedules, Exhibits and Annexes refer to Schedules, Exhibits and Annexes to this Agreement.

                

        

      

       

      
        
          	1.7	
                  Headings:

                

        

      

       

      The headings contained in this Agreement and the Schedules are inserted for convenience of reference only and shall not in any way form part of nor affect or be taken into account in the
        construction or interpretation of any provisions of this Agreement or the Schedules.

       

      
        
          	2.	
                  PURCHASE AND SALE

                

        

      

       

      
        
          	2.1	
                  Purchase and Sale:

                

        

      

       

      Upon the terms and subject to the conditions of this Agreement, the applicable Seller (in the case of the transfer of any Transferring Title Aircraft, as legal and beneficial owner (or, in the case
        of any Transferring Title Aircraft which is a Non-Owned Aircraft, as the Person which, upon valid tender by the relevant Aircraft Owner pursuant to the terms of the relevant Aircraft Purchase Agreement, has the right to take title (or nominate
        another Person to take title) to such Aircraft), in the case of any Shares in any Transferring Company, as legal and beneficial owner and as registered shareholder, and in the case of any Beneficial Interest in any Transferring Trust, as beneficial
        owner (or, in the case of any Transferring Trust which is a Non-Owned Transferring Trust, as the Person which, upon valid tender by the relevant Trustor pursuant to the terms of the relevant purchase agreement between such Seller and such Trustor,
        has the right to acquire the beneficial ownership of (or nominate another Person to acquire the beneficial ownership of) such Transferring Trust), as the case may be) shall sell (or cause to be sold), and the applicable Issuer or the applicable
        Issuer Group Member shall purchase, in each case, in exchange for the applicable Purchase Price set forth herein:

       

      
        
          	

                	2.1.1	
                  title to the Transferring Title Aircraft;

                

        

      

       

      
        
          	

                	2.1.2	
                  the Shares in the Transferring Companies; and/or

                

        

      

       

      
        
          	

                	2.1.3	
                  the Beneficial Interests in the Transferring Trusts.

                

        

      

       

      
        
          	2.2	
                  Purchase Price and Other Payments

                

        

      

       

      Where the Aircraft Interest being transferred comprises of Shares in a Transferring Company

       

      2.2.1

       

      
        
          	

                	(1)	
                  The consideration for the Shares in each Transferring Company to be transferred on the applicable Closing Date shall be calculated based on the aggregate Base Purchase Price of the Aircraft owned by such Transferring Company or, if
                    applicable, a Transferring Subsidiary of such Transferring Company (including for the avoidance of doubt, any Aircraft the Beneficial Interest in which is held by such Transferring Company or a Transferring Subsidiary of such
                    Transferring Company), on such Closing Date less:

                

        

      

       

      
        13

        
          

      

      
        
          	

                	(a)	
                  the amount equivalent to Rental Payments (if any) paid prior to such Closing Date pursuant to the Lease of the Aircraft owned by such Transferring Company (or where applicable, a Transferring Subsidiary of such Transferring Company)
                    which relates to the period on and after the Initial Closing Date;

                

        

      

       

      
        
          	

                	(b)	
                  the amount equivalent to Maintenance Rent (if any) paid prior to such Closing Date pursuant to the Lease of the Aircraft owned by such Transferring Company (or where applicable, a Transferring Subsidiary of such Transferring Company)
                    which relates to the period on and after the Initial Closing Date; and

                

        

      

       

      
        
          	

                	(c)	
                  any deduction required under Clause 6.2 in respect of the relevant Aircraft;

                

        

      

       

      such amount being the Purchase Price for such Transferring Company and shall be settled only in the manner set out in Clause 2.2.1(2) hereof.

       

      
        
          	

                	(2)	
                  The obligation of the Issuers or the applicable Issuer Group Member to pay the Purchase Price shall be satisfied and discharged by the payment to or at the direction of the applicable Seller of the Purchase Price for such
                    Transferring Company in accordance with Clause 4.2.

                

        

      

       

      All amounts payable under this Clause 2.2.1 shall be paid on the relevant Closing Date. Any intra-company receivables referenced on the balance sheet of the applicable Seller in respect of such
        Transferring Company shall be paid in full on or immediately prior to the relevant Closing Date.

       

      Where the Aircraft Interest being transferred is a Beneficial Interest

       

      2.2.2

       

      
        
          	

                	(1)	
                  The consideration for the Beneficial Interests to be transferred on the applicable Closing Date shall be calculated based on the aggregate Base Purchase Price of the Aircraft owned by the relevant Transferring Trust (or any
                    Transferring Subsidiary of that Transferring Trust) on such Closing Date less:

                

        

      

       

      
        
          	

                	(a)	
                  the amount equivalent to Rental Payments (if any) paid prior to such Closing Date pursuant to the Lease of the Aircraft owned by such Transferring Trust (or any Transferring Subsidiary of that Transferring Trust) which relates to the
                    period on and after the Initial Closing Date;

                

        

      

       

      
        14

        
          

      

      
        
          	

                	(b)	
                  the amount equivalent to Maintenance Rent (if any) paid prior to such Closing Date pursuant to the Lease of the Aircraft owned by such Transferring Trust (or any Transferring Subsidiary of that Transferring Trust) which relates to
                    the period on and after the Initial Closing Date;

                

        

      

       

      
        
          	

                	(c)	
                  any deduction required under Clause 6.2 in respect of the relevant Aircraft;

                

        

      

       

      (such amount being the Purchase Price for such Beneficial Interest) and shall be settled only in the manner set out in Clause 2.2.2(2).

       

      
        
          	

                	(2)	
                  The obligation of the applicable Issuer or the applicable Issuer Group Member to pay the Purchase Price for a Transferring Trust on the Closing Date shall be satisfied and discharged by the payment to or at the direction of the
                    applicable Seller of the Purchase Price for such Transferring Trust, in each case in accordance with Clause 4.2.

                

        

      

       

      All amounts payable under this Clause 2.2.2 shall be paid on the relevant Closing Date.

       

      Where title to an Aircraft is being transferred

       

      2.2.3

       

      
        
          	

                	(1)	
                  The consideration for the Transferring Title Aircraft to be transferred on the applicable Closing Date shall be calculated based on the aggregate Base Purchase Price of the Transferring Title Aircraft on such Closing Date less:

                

        

      

       

      
        
          	

                	(a)	
                  the amount equivalent to Rental Payments (if any) paid prior to such Closing Date pursuant to the Lease of the Transferring Title Aircraft which relates to the period on and after the Initial Closing Date;

                

        

      

       

      
        
          	

                	(b)	
                  the amount equivalent to Maintenance Rent (if any) paid prior to such Closing Date pursuant to the Lease of the Transferring Title Aircraft which relates to the period on and after the Initial Closing Date;

                

        

      

       

      
        
          	

                	(c)	
                  any deduction required under Clause 6.2 in respect of the relevant Transferring Title Aircraft;

                

        

      

       

      (such amount being the Purchase Price for such Transferring Title Aircraft) and shall be settled only in the manner set out in Clause 2.2.3(3) hereof.

       

      
        
          	

                	(2)	
                  The obligation of the applicable Issuer or the applicable Issuer Group Member to pay the Purchase Price for a Transferring Title Aircraft on the Closing Date shall be satisfied and discharged by the payment to or at the direction of
                    the applicable Seller of the Purchase Price for such Transferring Title Aircraft, in each case in accordance with Clause 4.2.

                

        

      

       

      
        15

        
          

      

      
        
          	

                	(3)	
                  The applicable Issuer shall have received a written confirmation of the applicable Servicer, with respect to the insurances maintained in respect of the Transferring Title Aircraft.

                

        

      

       

      All amounts payable under this Clause 2.2.3 shall be paid on the relevant Closing Date.

       

      
        
          	

                	2.2.4	
                  Schedule 5 sets forth the amount of Rental Payments and Maintenance Rent (if any) received by (or deemed received by) a Seller on or prior to the Initial Closing Date in respect of each Aircraft (set out on an Aircraft-by-Aircraft
                    basis), in each case, which relates to any period on and after the Initial Closing Date. On the Initial Closing Date, pursuant to the Funds Flow, the Managing Agent shall transfer from the Aircraft Acquisition Account to the applicable
                    Collections Account (or retain in the applicable Collections Account in accordance with the Funds Flow) an amount equal to the aggregate amounts set forth on such Schedule 5. Within five Business Days after each Determination Date on or
                    prior to the end of the Delivery Period, each Seller shall (or shall cause the Servicer to) deliver a certificate (which may be included in the monthly report delivered to the Issuers pursuant to Section 9.01 of Schedule 2.02(a) of the
                    Servicing Agreement (the Monthly Services Report) in lieu of a separate certificate) to the applicable Issuer and the Managing Agent with respect to each Aircraft for which a Closing Date (or
                    Non-Delivery Date) has, at the time of such Determination Date, not yet occurred, certifying (on an Aircraft-by-Aircraft basis) the amount of Rental Payments and Maintenance Rent (if any) received by (or deemed received by) a Seller on
                    or prior to such Determination Date pursuant to the Lease of each such Aircraft (other than any amount that was previously set forth on Schedule 5 or in a certificate (or Monthly Services Report) previously delivered pursuant to this
                    Clause 2.2.4). After receipt of each such certificate, the Managing Agent shall, pursuant to Section 3.08(f) of the Indenture, transfer from the relevant sub-accounts in the Aircraft Acquisition Account for such Aircraft to the
                    applicable Collections Account (or in the case of any such amount constituting Segregated Funds, the Lessee-Funded Account) an amount equal to the amount set forth therein.

                

        

      

       

      2.2.5

       

      
        
          	

                	(1)	
                  If at any time following the transfer of an Aircraft or Aircraft Interest to an Issuer or the applicable Issuer Group Member, a Seller receives any Rent Payment or any Maintenance Rent in respect of such Aircraft or the Aircraft
                    Interests to which such Aircraft relates, it shall, to the extent that such payments relate to any period commencing on or after the Initial Closing Date, promptly pay such amounts to the Issuer Group.

                

        

      

       

      
        16

        
          

      

      
        
          	

                	(2)	
                  If at any time following the transfer of an Aircraft or Aircraft Interest to an Issuer or the applicable Issuer Group Member, an Issuer Group Member receives any Rent Payment, any Maintenance Rent or any other amount in respect of
                    such Aircraft or the Aircraft Interests to which such Aircraft relates (including, without limitation, any such amount which an Issuer or the applicable Issuer Group Member may have received as a result of (i) any cash or equity held by
                    Transferring Company or Transferring Trust as of the relevant Closing Date being transferred with such Transferring Company or Transferring Trust on such Closing Date and/or (ii) certain funds and/or bank accounts held by a Transferring
                    Company or Transferring Trust as of the relevant Closing Date remaining with such Transferring Company or Transferring Trust following the relevant Closing), it shall, to the extent that such amounts relate to any period prior to the
                    Initial Closing Date, promptly pay such amounts to the applicable Seller.

                

        

      

       

      
        
          	2.3	
                  No Liens

                

        

      

       

      
        
          	

                	2.3.1	
                  The Shares in each Transferring Company shall be sold free from all Liens (other than Permitted Liens) and with the benefit of all rights attached or accruing thereto.

                

        

      

       

      
        
          	

                	2.3.2	
                  The Beneficial Interests in each Transferring Trust shall be sold free from all Liens (other than Permitted Liens) and with the benefit of all rights attached or accruing thereto.

                

        

      

       

      
        
          	

                	2.3.3	
                  Each Transferring Title Aircraft shall be sold free from all Liens (other than Permitted Liens) and with the benefit of all rights attached or accruing thereto.

                

        

      

       

      
        
          	3.	
                  CLOSING

                

        

      

       

      Where the Aircraft Interest being transferred is comprised of Shares in a Transferring Company

       

      
        
          	3.1	
                  Closing of the sale and purchase of the Shares in each Remaining Company shall take place on each Closing Date on or by which the conditions specified in this Clause 3.1 and in Clause 14 are or have been satisfied (or waived) in
                    relation to that Remaining Company. On the Initial Closing Date, the Initial Aircraft and Initial Aircraft Interests shall be tendered by the applicable Seller to an Issuer for delivery hereunder by the sale of the relevant Aircraft and
                    Aircraft Interests. Closing of the sale and purchase of the Shares in each Transferring Company to be delivered on the Initial Closing Date shall be subject to the conditions in Clause 14 and to the following conditions in relation to
                    that Transferring Company:

                

        

      

       

      
        
          	

                	3.1.1	
                  such Seller shall deliver to the applicable Issuer Group Member the following insofar as they relate either to the sale and purchase of the Shares in that Transferring Company:

                

        

      

       

      (1)

       

      
        
          	

                	(a)	
                  a duly executed transfer instrument (in substantially the form appended at Schedule 10 or such other form as may be agreed between such Seller and the applicable Issuer Group Member) in favor of such Issuer or the applicable Issuer
                    Group Member in respect of all the Shares in that Transferring Company together with all existing share certificates issued in respect of such Transferring Company, or in the case of any lost share certificate an indemnity in lieu
                    thereof in terms reasonably satisfactory to such Issuer;

                

        

      

       

      
        17

        
          

      

      
        
          	

                	(b)	
                  a duly certified copy of the Register of Members of such Transferring Company, showing such Issuer or the applicable Issuer Group Member as the sole holder of the Shares of such Transferring Company;

                

        

      

       

      
        
          	

                	(c)	
                  a duly certified copy of the Register of Members of any relevant Transferring Subsidiary Company, showing the relevant Transferring Company as the sole holder of the Shares of such Transferring Subsidiary Company; and

                

        

      

       

      
        
          	

                	(d)	
                  a copy of the trust agreement in respect of any relevant Transferring Subsidiary Trust, showing that the relevant Transferring Company is the sole beneficiary of such Transferring Subsidiary Trust;

                

        

      

       

      
        
          	

                	(2)	
                  written notification by such Seller to the Issuers (with a copy to the Managing Agent) in respect of the Aircraft, if any, owned or leased by the relevant Transferring Company (or, where relevant, any Transferring Subsidiary of such
                    Transferring Company), which shall be delivered no less than one Business Day prior to the relevant Closing Date (the Delivery Notice) and shall contain the information described in Warranty 8.1
                    in Part 1 of Schedule 1 hereto with respect to such Aircraft;

                

        

      

       

      
        
          	

                	(3)	
                  a copy of any power of attorney under which any document required to be delivered to the applicable Issuer Group Member under this Clause has been executed and such other documents including any waivers or consents as the applicable
                    Issuer Group Member may require to enable such Issuer Group Member to be registered as holders of the Shares of the relevant Transferring Company;

                

        

      

       

      
        
          	

                	(4)	
                  the copies of the certificate of incorporation or formation or registration and certificates of incorporation or formation or registration on change of name and the seals, statutory books (duly written up to date), books of account,
                    and all other constitutional documents, books, documents or records and papers of the relevant Transferring Company or evidence satisfactory to the applicable Issuer Group Member that they are held by or to the order of the relevant
                    Transferring Company;

                

        

      

       

      
        
          	

                	(5)	
                  the written resignations of the directors and the other officers (if any) from their respective offices in the Transferring Company, with written acknowledgments from each of them in a form reasonably acceptable to the applicable
                    Issuer Group Member;

                

        

      

       

      
        18

        
          

      

      
        
          	

                	(6)	
                  resolutions of the members of the Transferring Company to change the Constitution (or equivalent constitutional and organizational documents) of such Transferring Company, each of the said Constitution (or equivalent constitutional
                    and organizational documents) to conform with those as agreed with the applicable Issuer;

                

        

      

       

      
        
          	

                	(7)	
                  insofar as not already provided to the applicable Issuer Group Member, a copy of each Lease (and, where applicable, head lease and intermediate lease) to which the relevant Transferring Company (and, where relevant, any Transferring
                    Subsidiary of such Transferring Company) is party (or to which such Transferring Company or Transferring Subsidiary, as the case may be, will become party on such Closing) which, in each case, shall be in compliance with the
                    requirements of the Indenture; and

                

        

      

       

      
        
          	

                	(8)	
                  insofar as not already provided to the applicable Issuer Group Member, a copy of delivery acknowledgments or Bills of Sale in the possession of the relevant Seller evidencing the title of the relevant Aircraft.

                

        

      

       

      Where the Aircraft Interest being transferred is a Beneficial Interest in a Transferring Trust

       

      
        
          	3.2	
                  Closing of the sale and purchase of the Beneficial Interest in each Remaining Trust shall take place on each Closing Date on or by which the conditions specified in this Clause 3.2 and in Clause 14 are or have been satisfied in
                    relation to that Remaining Trust. Closing of the sale and purchase of each Transferring Trust to be delivered on the Initial Closing Date shall be subject to the conditions in Clause 14 and to the following conditions in relation to
                    that Transferring Trust:

                

        

      

       

      
        
          	

                	3.2.1	
                  the applicable Seller shall deliver to the applicable Issuer Group Member the following insofar as they relate either to the sale and purchase of the Beneficial Interest in that Transferring Trust:

                

        

      

       

      
        
          	

                	(1)	
                  with respect to each Transferring Trust, a Trust Assignment Agreement (in the form appended at Schedule 11 in respect of the Irish Transferring Trusts) in respect of the relevant Beneficial Interest, duly executed by the relevant
                    Trustor, the relevant Issuer Group Member and, if applicable, the owner trustee of such Transferring Trust;

                

        

      

       

      
        
          	

                	(2)	
                  a copy of the relevant Trust Agreement;

                

        

      

       

      
        
          	

                	(3)	
                  a duly certified copy of the Register of Members of any relevant Transferring Subsidiary Company, showing the relevant Transferring Trust as the sole holder of the Shares of such Transferring Subsidiary Company;

                

        

      

       

      
        19

        
          

      

      
        
          	

                	(4)	
                  a copy of the trust agreement in respect of any relevant Transferring Subsidiary Trust, showing that the relevant Transferring Trust is the sole beneficiary of such Transferring Subsidiary Trust;

                

        

      

       

      
        
          	

                	(5)	
                  with respect to each Transferring Trust, a Delivery Notice by such Seller to the Issuers (with a copy to the Managing Agent) in respect of the Aircraft owned by the Transferring Trust (or any Transferring Subsidiary of that
                    Transferring Trust) to be transferred which shall be delivered no less than one Business Day prior to the relevant Closing Date and shall contain the information described in Warranty 8.1 in Part 1 of Schedule 1 hereto with respect to
                    such Transferring Trust, any relevant Transferring Subsidiary and the relevant Aircraft;

                

        

      

       

      
        
          	

                	(6)	
                  a certificate of a duly authorized officer of the owner trustee of the Transferring Trust attaching copies of the constitutive documents of such owner trustee and certifying the signatures of each of the directors or other officers
                    of such owner trustee authorized to sign the Other Transaction Documents to which it is a party;

                

        

      

       

      
        
          	

                	(7)	
                  insofar as not already provided to the applicable Issuer or applicable Issuer Group Member, a copy of each Lease (and, where applicable, head lease and intermediate lease) to which the relevant Transferring Trust (and any
                    Transferring Subsidiary of that Transferring Trust) is party (or to which such Transferring Trust (or any Transferring Subsidiary of that Transferring Trust) will become party on such Closing) which, in each case, shall be in compliance
                    with the requirements of the Indenture; and

                

        

      

       

      
        
          	

                	(8)	
                  insofar as not already provided to the applicable Issuer Group Member, a copy of delivery acknowledgments or Bills of Sale in the possession of the relevant Seller evidencing the title of the relevant Aircraft.

                

        

      

       

      Where title to an Aircraft is being transferred

       

      
        
          	3.3	
                  Closing of the sale and purchase of a Transferring Title Aircraft shall take place on each Closing Date on or by which the conditions specified in this Clause 3.3 and in Clause 14 are or have been satisfied. Closing of the sale and
                    purchase of the Transferring Title Aircraft to be delivered on the Initial Closing Date shall be subject to the conditions in Clause 14 and to the following conditions:

                

        

      

       

      
        
          	

                	3.3.1	
                  the applicable Seller shall deliver to the applicable Issuer Group Member the following insofar as they relate to the sale and purchase of the relevant Transferring Title Aircraft:

                

        

      

       

      
        
          	

                	(1)	
                  a copy of the relevant Bill of Sale transferring title to the relevant Transferring Title Aircraft from the relevant Aircraft Owner to the relevant Issuer Group Member duly executed by the relevant Aircraft Owner in a form reasonably
                    satisfactory to the applicable Issuer Group Member, and, insofar as not already provided to the applicable Issuer Group Member, copies of bills of sale in the possession of the relevant Seller for such Transferring Title Aircraft
                    (including each applicable Engine) showing the chain of title from the relevant manufacturer;

                

        

      

       

      
        20

        
          

      

      
        
          	

                	(2)	
                  copies of the assignments of warranty in relation to the relevant airframe and engines referred to in Clause 13.2 duly consented to by the relevant manufacturer, but only to the extent unexpired assignable warranties from the
                    airframe and engine manufacturers having material value exist with respect to the applicable Transferring Title Aircraft (provided that any such consents may be obtained within 90 days after such
                    Closing Date);

                

        

      

       

      
        
          	

                	(3)	
                  the conditions precedent to the effectiveness of the Novation Agreement, as applicable, for the applicable Transferring Title Aircraft which are expressed to be for the benefit of the relevant Issuer Group Member shall have been
                    satisfied in all material respects (or waived by the relevant Issuer Group Member);

                

        

      

       

      
        
          	

                	(4)	
                  a copy of a Delivery Notice by such Seller to the Issuers (with a copy to the Managing Agent) in respect of the relevant Transferring Title Aircraft to be transferred, which shall be delivered no less than one Business Day prior to
                    the relevant Closing Date and shall contain the information described in Warranty 8.1 in Part 1 of Schedule 1 hereto with respect to such Transferring Title Aircraft; and

                

        

      

       

      
        
          	

                	(5)	
                  insofar as not already provided to the applicable Issuer Group Member, a copy of each Lease (and, where applicable, head lease and/or sublease) relating to such Transferring Title Aircraft, together with all amendments thereto,
                    which, in each case, shall be in compliance with the requirements of the Indenture.

                

        

      

       

      
        
          	4.	
                  RELIANCE; PAYMENTS

                

        

      

       

      
        
          	4.1	
                  The applicable Seller acknowledges and agrees with the Issuers that the applicable Issuer Group Member has relied on such Seller’s representations and agreements set forth in Clause 8 that it will use its reasonable commercial
                    efforts to meet all conditions precedent to the transfer of the Remaining Aircraft or the Transferring Companies and Transferring Trusts with respect to such Remaining Aircraft to the applicable Issuer Group Member prior to two hundred
                    and seventy (270) days after the Initial Closing Date (or, for no more than five (5) of the Remaining Aircraft, three hundred and sixty five (365) days after the Initial Closing Date) (the Delivery
                      Expiry Date), and that the Issuers have obtained financing for the purpose of purchasing all of the Remaining Aircraft or the Remaining Entities with the Remaining Aircraft.

                

        

      

       

      
        21

        
          

      

      
      
        
          	4.2	
                  Following the Initial Closing Date, at any time and from time to time, until the full amount of the Purchase Price in respect of all Aircraft has been paid, subject to receipt by the Issuers (with a copy to the Managing Agent) of a
                    Delivery Notice specifying a date and time for payment (which shall be a Business Day and a time during normal banking hours in New York City) from or on behalf of the applicable Sellers at least one (1) Business Day prior to the
                    proposed date of payment and the satisfaction of the other relevant conditions precedent to Closing set out in this Agreement, the Issuers shall, on such proposed payment date, for the account of the relevant Issuer Group Member, pay to
                    the applicable Seller thereof the Purchase Price for each Aircraft and/or Aircraft Interest listed in the applicable notice as being sold by such Seller.

                

        

      

       

      
        
          	4.3	
                  With respect to each Remaining Aircraft, upon the occurrence of the Non-Delivery Date with respect to such Remaining Aircraft, the relevant Seller shall pay to the Issuers, for the account of the relevant Issuer Group Member, the
                    Aircraft Non-Delivery Amount (if a positive number) for such Remaining Aircraft on such date.

                

        

      

       

      
        
          	4.4	
                  Except as otherwise provided in this Agreement, neither the applicable Seller nor the Issuers nor the applicable Issuer Group Member shall have any obligation to make any payments with respect to an Aircraft to the extent such
                    payments relate to any period following the earlier of the Closing Date of the sale of the Aircraft or the Aircraft Interest relating to such Aircraft and the Non-Delivery Date for such Aircraft or Aircraft Interest.

                

        

      

       

      
        
          	5.	
                  ADDITIONAL OBLIGATIONS WITH RESPECT TO REMAINING AIRCRAFT

                

        

      

       

      
        
          	5.1	
                  Notwithstanding that the Issuers do not own the Remaining Aircraft, the Issuers (acting jointly and severally) shall pay all Lease Expenses incurred and relating to events that occurred after the Initial Closing Date with respect to
                    each Remaining Aircraft as notified by the Sellers. All Lease Expenses described in this Section shall be paid as “Expenses” or “Maintenance and Modification Expenses” or directly from the Maintenance Reserve Account to the extent
                    permitted under Section 3.04(b) of the Indenture (as applicable) in respect of the relevant Remaining Aircraft in accordance with the terms of the Indenture.

                

        

      

       

      
        
          	5.2	
                  Each Seller agrees to transfer each Remaining Aircraft, Remaining Trust and Remaining Company and to notify the Issuers immediately if such Seller reasonably believes that it will have to deliver a Termination Notice with respect to
                    any Remaining Aircraft, Remaining Trust or Remaining Company or proposed delivery of a Substitute Aircraft.

                

        

      

       

      
        
          	5.3	
                  No Seller will be responsible for legal fees and expenses of the E Note Holder (or any Equity Certificate Investor) incurred in connection with the transactions contemplated by this Agreement; provided

                      that, the applicable Seller shall pay for all costs and expenses of the parties as specified below herein incurred in connection with the acquisition of the Aircraft and the Aircraft Interests pursuant hereto: (i) all costs and
                    expenses of such Seller, the Issuers and any relevant Issuer Group Member for the purpose of purchasing such Aircraft or Aircraft Interest, exclusive of any amounts payable in respect of the shares, equity or other capital of such
                    Issuer Group Member, (ii) reasonable legal fees of such Seller, such Issuer Group Member, the Security Trustee and the Initial Purchasers incurred in connection with the drafting, negotiating and delivering, as applicable, any relevant
                    Trust Assignment, Novation Agreement, Notice and Acknowledgement and other conditions precedent to the occurrence of the relevant Closing hereunder, and any other related documentation and advice and for the legal fees and other costs
                    and expenses of the relevant Lessee that are payable or reimbursable to the relevant Lessee under the applicable Lease in connection therewith, (iii) its own legal fees (including those of its local counsel) and the costs of any
                    required filings or registrations incurred in connection with the applicable transfer of an Aircraft or Aircraft Interest, (iv) its own legal fees (including those of their local counsel) and the costs and expenses of all filings and
                    registrations (including with respect to the relevant Aircraft or Lease ownership and security interests under the Uniform Commercial Code or under the Cape Town Convention) and any other security interest relating to the relevant
                    Aircraft or Aircraft Interest or related Lease and other collateral granted under the Security Trust Agreement in connection with the relevant Closing, and any costs and expenses incurred in connection with obtaining each legal opinion
                    required to be delivered in connection with the relevant Closing and (v) the fees of each Appraiser charged in connection with obtaining each appraisal required to be delivered hereunder in respect of the relevant Aircraft.

                

           

          

          
            22

            
              

          

          
            
              
                
                  	6.	
                          SUBSTITUTION AND TERMINATION

                        

                

              

               

              
                
                  	6.1	
                          Substitution:

                        

                

              

               

              The applicable Issuer may in its sole discretion pursuant to a unanimous board resolution accept one or more Substitute Aircraft proposed by a Seller in lieu of one or more Remaining Aircraft provided that:

               

              
                
                  	

                        	6.1.1	
                          such Substitute Aircraft is subject to a Lease having aggregate Rental Payments for the remaining term of such Lease (aggregated across the Leases in respect of each Substitute Aircraft replacing such Remaining Aircraft) with
                            a present value that is no less than 90% of the present value of the aggregate Rental Payments for the remaining term of the Lease for the Remaining Aircraft subject to substitution (aggregated across such Leases) (with an
                            applied discount rate of 2% for purposes of both such present value calculations);

                        

                

              

               

              
                
                  	

                        	6.1.2	
                          the average age of each such Substitute Aircraft is not greater than the average age of the Remaining Aircraft subject to substitution, plus twelve (12) months;

                        

                

              

               

              
                
                  	

                        	6.1.3	
                          the aggregate Base Purchase Price of the Substitute Aircraft replacing a Remaining Aircraft subject to substitution is equal to or less than the Base Purchase Price for the Remaining Aircraft subject to substitution unless an
                            amount equal to the excess has been funded to the Aircraft Acquisition Account using the proceeds of Additional Advances, and shall otherwise be mutually acceptable to the applicable Seller and the Issuers;

                        

                

              

               

              
                
                  	

                        	6.1.4	
                          each Substitute Aircraft is, at the time of the substitution thereof, subject to a Lease containing the Core Lease Provisions;

                        

                

              

               

              
                
                  	

                        	6.1.5	
                          the weighted average remaining term of each Lease of each Substitute Aircraft is, at the time of substitution thereof, greater than or equal to the weighted average remaining term of the Lease of the Remaining Aircraft
                            subject to substitution;

                        

                

              

               

              
                
                  	

                        	6.1.6	
                          the addition of such Substitute Aircraft shall not result in a breach of the Concentration Limits;

                        

                

              

               

              
                23

                
                  

              

              
                
                  	

                        	6.1.7	
                          not more than five (5) Remaining Aircraft may be replaced for Substitute Aircraft;

                        

                

              

               

              
                
                  	

                        	6.1.8	
                          prior written notice of such Substitute Aircraft shall be provided to the Rating Agencies; and

                        

                

              

               

              
                
                  	

                        	6.1.9	
                          such Substitute Aircraft must be of a Permitted Aircraft Type.

                        

                

              

               

              
                
                  	6.2	
                          Effect of Substitution

                        

                

              

               

              On agreement by the applicable Issuer to accept one or more aircraft as Substitute Aircraft for one or more Remaining Aircraft, the applicable Seller and the Issuers will execute a supplement to this Agreement
                (the “Substitute Aircraft Supplement”) containing a supplement to Schedule 3 with information concerning the relevant Substitute Aircraft in the form of the other tables set forth in Schedule 3,
                containing such other information as is required by this Clause 6.2 and addressing such other matters as the Issuers and such Seller may agree. Each Substitute Aircraft Supplement shall contain a certification in reasonable detail by such
                Seller of the Net Cash Flow Amount in respect of the relevant Remaining Aircraft and in respect of the related Substitute Aircraft, in each case as of the date of such Substitute Aircraft Supplement. If the aggregate Net Cash Flow Amount
                for each relevant Substitute Aircraft is greater than such amount for the relevant Remaining Aircraft on such date, an amount equal to the difference shall be deducted from the Purchase Price payable to the applicable Seller in respect of
                the Substitute Aircraft on the Closing Date in respect thereof (with such amount being applied to the Purchase Price for the first such Substitute Aircraft to be delivered hereunder and thereafter to each other Substitute Aircraft until
                applied in full). If the Net Cash Flow Amount for such Remaining Aircraft is greater than such aggregate amount for each such Substitute Aircraft on such date, the Issuers shall pay an amount equal to the difference to the Seller as an
                “Expense” (as defined in the Indenture) on the earlier of (x) the Payment Date relating to the next following Determination Date and (y) the first Closing Date for any such Substitute Aircraft. Upon delivery of a Substitute Aircraft
                Supplement, (A) each applicable Substitute Aircraft shall become an Aircraft and a Remaining Aircraft for all purposes of this Agreement and any company or trust that is identified in the Substitute Aircraft Supplement as transferring
                together with such Substitute Aircraft shall become an Aircraft Interest for all purposes of this Agreement and (B) the Remaining Aircraft that has been subjected to substitution shall cease to be an Aircraft or a Remaining Aircraft for
                purposes of this Agreement and any related company or trust shall cease to be an Aircraft Interest for purposes of this Agreement.

               

              
                
                  	6.3	
                          Termination:

                        

                

              

               

              If a Seller determines with respect to any Aircraft or Aircraft Interest that, using its reasonable commercial efforts, it will not be able to meet the conditions set forth in Clause 14 hereto with respect to
                the transfer of such Aircraft or Aircraft Interest and will not be able to provide a Substitute Aircraft acceptable to the Issuers, such Seller may (subject to first consulting with the Issuers) give written notice to the Issuers to that
                effect (each such notice a Termination Notice), specifying the Aircraft or Aircraft Interest to which such Termination Notice applies and the reasons for its inability to meet such conditions. Upon
                the delivery of such Termination Notice, the obligations of such Seller to transfer such Aircraft or to sell that Aircraft Interest to the applicable Issuer (or an Issuer Group Member, as the case may be) shall terminate (the date of such
                termination the Termination Date in respect of such Aircraft or Aircraft Interest) and no party shall have any liability to any other party, whether under this Agreement or any Other Transaction
                Document, in relation to such Aircraft or Aircraft Interest except to the extent of any obligation accruing prior to such date and except as provided in Clauses 4, 5, 7 and 9.

              
                24

                
                  

              

              
                
                  	7.	
                          NON-DELIVERY EVENTS

                        

                

              

               

              
                
                  	7.1	
                          Definition:

                        

                

              

               

              A Non-Delivery Event shall occur:

               

              
                
                  	

                        	7.1.1	
                          with respect to a particular Aircraft or Aircraft Interest, upon delivery of a Termination Notice, or upon termination of this Agreement pursuant to Clause 6.3, in each case with respect to such Aircraft or Aircraft Interest;

                        

                

              

               

              
                
                  	

                        	7.1.2	
                          with respect to all Aircraft or Aircraft Interests with respect to which the Closing Date has not yet occurred at such time, upon the earlier to occur of:

                        

                

              

               

              
                
                  	

                        	(1)	
                          the applicable Seller becoming or being declared insolvent, or an examiner or receiver or liquidator or similar officer being appointed over such Seller or over all or a substantial part of its assets, or such Seller making
                            an arrangement for the benefit of its creditors generally or such Seller taking steps (or steps being taken and not discharged within 21 days) for the winding up or dissolution of such Seller or for the appointment of an
                            examiner to it;

                        

                

              

               

              
                
                  	

                        	(2)	
                          an Event of Default has occurred under the Indenture; and

                        

                

              

               

              
                
                  	

                        	(3)	
                          the Delivery Expiry Date.

                        

                

              

               

              
                
                  	7.2	
                          Effect of Non-Delivery Event:

                        

                

              

               

              This Agreement shall terminate automatically upon the occurrence of a Non-Delivery Event described in Clauses 7.1.1, 7.1.2(1) and 7.1.2(3) and upon written notice by the Issuers after Non-Delivery Event
                described in Clause 7.1.2(2). Upon such termination, the applicable Seller shall make all payments required by Clause 4 and such Seller and the Issuers shall have no further obligations hereunder except to the extent of any obligation
                accruing prior to such date and except as provided in Clause 9.

               

              
                
                  	8.	
                          REPRESENTATIONS AND WARRANTIES OF SELLERS

                        

                

              

               

              
                
                  	8.1	
                          Subject to Clause 8.2, each relevant Seller hereby represents and warrants with respect to such Seller and the relevant Aircraft or Aircraft Interest being transferred by such Seller in the terms of Schedule 1.

                        

                

              

               

              
                25

                
                  

              

              
                
                  	8.2	
                          Each relevant Seller hereby warrants and represents to the applicable Issuer and the applicable Issuer Group Member that, save as disclosed in the Disclosure Letter (as updated and supplemented from time to time pursuant to
                            Clause 13.1):

                        

                

              

               

              
                
                  	

                        	8.2.1	
                          each of the Warranties is true, correct and not misleading in all material respects on the Initial Closing Date with respect to the facts and circumstances existing at such time (and to the extent only that such Warranties
                            relate to the relevant Seller and any Aircraft, Transferring Company (including, where relevant, any Transferring Subsidiary of such Transferring Company) and/or Transferring Trust (including, where relevant, any Transferring
                            Subsidiary of that Transferring Trust), the Aircraft Interests which are being transferred on the Initial Closing Date by such Seller); and

                        

                

              

               

              
                
                  	

                        	8.2.2	
                          each of the Warranties is true, correct and not misleading in all material respects on each Closing Date with respect to the facts and circumstances existing at such time (and to the extent only that such Warranties relate to
                            the relevant Seller and any Aircraft, Transferring Company (including, where relevant, any Transferring Subsidiary of such Transferring Company) and/or Transferring Trust (including, where relevant, any Transferring Subsidiary
                            of such Transferring Trust) or the Aircraft Interests which are being transferred on such Closing Date by such Seller).

                        

                

              

               

              Each Seller acknowledges that the Issuers have entered into this Agreement and the Related Documents to which it is a party and the Other Transaction Documents to which it is a party in reliance upon (inter
                alia) the accuracy of each of the Warranties.

               

              
                
                  	8.3	
                          Separate and Independent:

                        

                

              

               

              Each of the Warranties shall be construed as a separate and independent representation and warranty and shall not be limited or restricted by reference to the terms of any other provision of this Agreement or
                any other Warranty.

               

              
                
                  	8.4	
                          Notice and Remedy for Breach:

                        

                

              

               

              
                
                  	

                        	8.4.1	
                          At any time after the Closing of any Aircraft or Aircraft Interest, upon becoming aware of any breach of Warranty, the relevant Seller shall notify the Issuers or the Issuers shall be entitled to deliver to such Seller a
                            notice specifying the Warranty or Warranties which is or are untrue or incorrect by reference to the facts and circumstances subsisting at the relevant Closing Date with details of such facts or circumstances (a Breach Notice).

                        

                

              

               

              
                
                  	

                        	8.4.2	
                          The relevant Seller shall, on receipt or delivery by such Seller or applicable Issuer of a Breach Notice, have a period of 30 days (or such longer period as the Issuers may agree in writing) from the date of receipt by such
                            Seller or the Issuer, as applicable, of the Breach Notice to remedy the matter giving rise to the breach of Warranty (if capable of remedy) specified in such Breach Notice.

                        

                

              

               

              
                26

                
                  

              

              
                
                  	8.5	
                          Disclaimer:

                        

                

              

               

              SAVE AS EXPRESSLY PROVIDED IN CLAUSE 8, SCHEDULE 1 AND THE OTHER TRANSACTION DOCUMENTS, NO SELLER MAKES ANY WARRANTIES, GUARANTEES OR REPRESENTATIONS, EXPRESS OR IMPLIED, ARISING BY LAW OR OTHERWISE, WITH
                RESPECT TO THE AIRCRAFT, AIRCRAFT INTERESTS OR SHARES OR ANY OF THEM. EACH ISSUER HEREBY WAIVES RELEASES AND RENOUNCES ALL WARRANTIES, OBLIGATIONS AND LIABILITIES OF EACH SELLER NOT EXPRESSLY PROVIDED IN CLAUSE 8, SCHEDULE 1 AND THE OTHER
                TRANSACTION DOCUMENTS INCLUDING BUT NOT LIMITED TO (1) ANY IMPLIED WARRANTY AS TO THE DESCRIPTION, AIRWORTHINESS, MERCHANTABILITY, FITNESS FOR ANY PURPOSE, VALUE, CONDITION, DESIGN, USE OR OPERATION OF THE AIRCRAFT OR ANY PAST PERFORMANCE,
                COURSE OF DEALING, USAGE OR TRADE OR OTHERWISE, (2) ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY IN TORT (INCLUDING STRICT LIABILITY), AND (3) ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR REMEDY FOR LOSS OF OR DAMAGE TO THE AIRCRAFT, FOR
                LOSS OF USE, REVENUE OR PROFIT WITH RESPECT TO THE AIRCRAFT, FOR ANY LIABILITY OF ANY LESSEE TO ANY THIRD PARTY, FOR ANY LIABILITY OF THE ISSUERS TO ANY THIRD PARTY, OR FOR ANY OTHER DIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES; AND ALL SUCH
                WARRANTIES, GUARANTEES, REPRESENTATIONS, OBLIGATIONS, LIABILITIES, RIGHTS, CLAIMS OR REMEDIES, EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, ARE EXPRESSLY EXCLUDED.

               

              
                
                  	9.	
                          INDEMNITIES

                        

                

              

               

              
                
                  	9.1	
                          Indemnities

                        

                

              

               

              
                
                  	

                        	9.1.1	
                          The Issuers hereby jointly and severally agree to indemnify each Seller and their respective Affiliates, and any of their successors and assigns, officers, directors, servants, agents and employees (each a Seller Indemnified Party) from and against any claims, damages, losses, costs, expenses, fees (including reasonable counsel’s fees), payments, demands, liabilities, actions, proceedings,
                            penalties or fines (together, the Losses) which any Seller Indemnified Party may incur or suffer, (i) in relation to any Aircraft or Aircraft Interest to the extent it is attributable to
                            the period from and after the Closing for the relevant Aircraft or Aircraft Interest (subject to the provisions of Section 5.1 hereof) or (ii) in relation to any misrepresentation or breach of warranty, covenant or agreement
                            made or to be performed by the Issuer Group pursuant to this Agreement (together the Issuer Indemnity), provided that the Issuer Indemnity
                            provided pursuant to this Clause 9.1.1 shall not extend to any claim on account of any Taxes (which shall be subject to Clause 10.1) and provided further that the Issuer Indemnity shall
                            not extend to Losses arising from (x) the gross negligence, fraud or willful misconduct of any Seller Indemnified Party or (y) any misrepresentation or breach of warranty, covenant or agreement made by or to be performed by any
                            Seller Indemnified Party pursuant to this Agreement.

                        

                

              

               

              
                27

                
                  

              

              
                
                  	

                        	9.1.2	
                          Each Seller, severally and not jointly, hereby agrees to indemnify the Issuers, each Issuer Group Member and their respective Affiliates, and any of their successors and assigns, officers, directors, servants, agents and
                            employees (each an Issuer Indemnified Party) from and against any Losses which any Issuer Indemnified Party may incur or suffer, (i) in relation to any Aircraft or Aircraft Interest such
                            Seller sells hereunder to the extent it is attributable to the period prior to the Closing for such Aircraft or Aircraft Interest (subject to the provisions of Section 5.1 hereof) or (ii) in relation to any misrepresentation or
                            breach of warranty, covenant or agreement made or to be performed by such Seller pursuant to this Agreement (together the Seller Indemnity), provided
                              that the Seller Indemnity provided pursuant to this Clause 9.1.2 shall not extend to any claim on account of any Taxes (which shall be subject to Clause 10.1) and provided further that
                            the Seller Indemnity shall not extend to Losses arising from (x) the gross negligence, fraud or willful misconduct of any Issuer Indemnified Party or (y) any misrepresentation or breach of warranty, covenant or agreement
                            made by or to be performed by any Issuer Indemnified Party pursuant to this Agreement.

                        

                

              

               

              
                
                  	9.2	
                          Notice of Claims:

                        

                

              

               

              
                
                  	

                        	9.2.1	
                          Subject to Section 9.2.2, a Seller Indemnified Party or an Issuer Indemnified Party (each an Indemnified Party), as the case may be, shall give the Issuers and any relevant Seller (as
                            the case may be) (the Indemnifying Party) notice of any matter which such Indemnified Party has determined has given, or could give, rise to a right of indemnification under this
                            Agreement, within ninety (90) days of such determination. The notice shall state the amount of the Loss, if known, and the method of its calculation and shall contain a reference to the provisions of this Agreement in respect of
                            which such right of indemnification is claimed or arises.

                        

                

              

               

              
                
                  	

                        	9.2.2	
                          If an Indemnified Party receives written notice of any third party claim or potential claim (Third Party Claim) against it which is or may be the subject of a claim by it under the
                            Issuer Indemnity or the Seller Indemnity (as the case may be), the obligations and liabilities of the Indemnifying Party under this Clause 9 shall be subject to the following terms and conditions:

                        

                

              

               

              
                
                  	

                        	(1)	
                          the Indemnified Party shall give written notice thereof to the Indemnifying Party within sixty (60) days of receipt of such notice provided that failure to give such notice shall not
                            release the Indemnifying Party from any of its obligations under this Clause 9 except to the extent it has been materially prejudiced by such failure;

                        

                

              

               

              
                
                  	

                        	(2)	
                          the Indemnifying Party shall be entitled to assume and control the defense of such Third Party Claim and take such further action to contest, resist or appeal the validity, applicability and amount of such claim in
                            appropriate administrative or judicial proceedings either:

                        

                

              

               

              
                
                  	

                        	(a)	
                          in the name of the Indemnified Party (provided that the Indemnifying Party shall indemnify and secure the Indemnified Party to its reasonable satisfaction against all losses costs
                            damages and expenses which may be incurred thereby), or

                        

                

              

               

              
                28

                
                  

              

              
                
                  	

                        	(b)	
                          in its own name,

                        

                

              

               

              in either case, at its own expense and through retaining legal advisers of its choice provided that it gives notice of its intention to do so to the Indemnified Party
                within five (5) Business Days of receipt of the notice of such Third Party Claim from the Indemnified Party; provided however, that if there exists or is
                reasonably likely to exist a conflict of interest that would make it inappropriate in the judgment of the Indemnified Party, in its sole and absolute discretion, for the same legal advisers to represent both the Indemnified Party and the
                Indemnifying Party, then the Indemnified Party shall be entitled to retain its own legal advisers, in each jurisdiction for which the Indemnified Party reasonably determines counsel is required, at the expense of the Indemnifying Party. In
                the event that the Indemnifying Party exercises its right hereunder to undertake the defense of any such Third Party Claim, the Indemnified Party shall co-operate with the Indemnifying Party in such defense as is reasonably required by the
                Indemnifying Party. In the event that the Indemnified Party is, directly or indirectly, conducting the defense against any such Third Party Claim, the Indemnifying Party shall co-operate with the Indemnified Party in such defense as is
                reasonably required by the Indemnified Party. No such Third Party Claim may be settled by the Indemnifying Party without the prior written consent of the Indemnified Party and no such Third Party Claims may be settled by the Indemnified
                Party without the prior written consent of the Indemnifying Party, in each case not to be unreasonably withheld or delayed, unless such settlement will not result in (a) any judgment or finding of liability, guilt or wrongdoing (whether
                civil, criminal or regulatory) in respect of the Indemnified Party, (b) any penalty, fine or other payment by the Indemnified Party, or the imposition of any Lien on, or any risk of forfeiture of the assets of, the Indemnified Party and (c)
                any commercial, legal, regulatory or competitive disadvantage for the Indemnified Party.

               

              
                
                  	9.3	
                          To Be Made Free From Deductions:

                        

                

              

               

              All sums payable under or pursuant to the Issuer Indemnity or the Seller Indemnity shall be paid free and clear of all deductions or withholdings whatsoever save only as may be required by law. If any such
                deductions or withholdings are required by law the Indemnifying Party shall be obliged to pay to the Indemnified Party such sums as will after such deduction or withholding have been made leave the Indemnified Party (including any deduction
                or withholding applicable to additional sums payable under this clause) with the same amount as it would have been entitled to receive in the absence of any such requirement to make a deduction or withholding together with interest on the
                amount payable by the Indemnifying Party under this Clause at a rate equal to the weighted average rate of interest in respect of the Initial Notes at such time until payment by the Indemnifying Party of such amount is made (both before and
                after judgment). If any sum payable by the Indemnifying Party under or pursuant to the Issuer Indemnity or the Seller Indemnity is subject to Tax (other than any tax imposed or measured by net income or profits by a jurisdiction in which
                the recipient is organized or incorporated or resident for tax purposes) in the hands of the Indemnified Party the same obligation to make an increased payment shall apply in relation to such Tax liability as if it were a deduction or
                withholding required by law. For the avoidance of doubt, the parties hereby agree and confirm that any Indemnifying Party shall not be under any obligation to make any payment to any Indemnified Party under this Clause 9.3 to the extent
                that the Indemnified Party would be in a better position than if no payment by way of indemnity was required to be made.

               

              
                29

                
                  

              

              
                
                  	9.4	
                          Recovery From Third Parties:

                        

                

              

               

              If an Indemnified Party recovers any sum from a third party in respect of or relating to a Tax liability which has been the subject of a successful claim by such Indemnified Party against an Indemnifying Party,
                such Indemnified Party shall, as soon as reasonably practicable thereafter reimburse to the Indemnifying Party an amount equal to the sum recovered in respect of that claim (less any withholding applicable).

               

              
                
                  	9.5	
                          VAT / Consumption Tax:

                        

                

              

               

              
                
                  	

                        	9.5.1	
                          Each amount that the Issuer Group must pay under this Agreement is stated inclusive of VAT. If VAT is payable in respect of any amount payable under this Agreement, the applicable Seller shall pay (and bear the cost of) any
                            such VAT to the relevant tax authority and such Seller shall only be entitled to recover any such VAT from the Issuer Group in accordance with Clauses 9.5.2 and 9.5.3 below.

                        

                

              

               

              
                
                  	

                        	9.5.2	
                          The applicable Seller’s entitlement to recover from the Issuer Group any VAT arising pursuant to this Clause 9.5 shall be limited to the VAT amount in respect of which the Issuer Group has received a corresponding refund or
                            other form of credit from the relevant Governmental Authority.

                        

                

              

               

              
                
                  	

                        	9.5.3	
                          To the extent that it is necessary to obtain a refund of VAT arising in respect of an amount payable under this Agreement, the applicable Issuer Group Member shall register for VAT in the relevant jurisdiction and take all
                            reasonable steps to recover such VAT, except, in the case of any VAT, to the extent that, in the Issuer Group Member’s reasonable judgment any such action would subject such Issuer Group Member to any material unreimbursed cost
                            or expense (which such Issuer Group Member would not have otherwise being required to bear) or would materially prejudice the legal or commercial position of such Issuer Group Member.

                        

                

              

              

              
                30

                
                  

              

              
                
                  
                    
                      
                        	10.	
                                TAXES

                              

                      

                    

                     

                  

                  	10.1	
                          Tax Indemnity

                        

                

              

               

              Each Seller hereby severally and not jointly agrees to pay all, and hereby agrees to indemnify the relevant Issuer Group Member for (i) any Taxes imposed on or with respect to such Issuer Group Member and the
                Aircraft and/or Aircraft Interest being sold by such Seller to such Issuer Group Member or that is otherwise payable by such Issuer Group Member for any period (or portion thereof) ending on or before the Closing of the sale of such
                Aircraft or Aircraft Interest (together with any Taxes resulting as a consequence of an event occurring on or before such a date), other than Taxes addressed by clause (iii) below, (ii) any Taxes imposed on or with respect to net income or
                gain resulting from such Seller’s sale of the related Aircraft or Aircraft Interest and (iii) any cost, loss or expense incurred as a result of any Taxes imposed on such Issuer Group Member (or any assignee or successor thereto) or on the
                relevant Aircraft, Aircraft Interest, this Agreement or Other Transaction Documents as a result of (A) the execution of, delivery of or performance under this Agreement (including, without limitation, any Taxes incurred in connection with
                the transfer of title to any Aircraft or Aircraft Interest), (B) the delivery of such Aircraft or Aircraft Interest, (C) any required re-registration of title to or the lease of such Aircraft with any Government Entity that is necessary or
                advisable to reflect or record the Operative Documents or the events occurring pursuant to the this Agreement or Other Transaction Documents, (D) the sale by such Seller of the applicable Aircraft or Aircraft Interest hereunder, in each
                case, other than (x) Taxes that the relevant Lessee is liable to pay or reimburse such Issuer Group Member under the relevant Lease and/or the Other Transaction Documents or (y) Taxes resulting from the gross negligence or willful
                misconduct of such Issuer Group Member.

               

              
                
                  	10.2	
                          If any Seller or Issuer Group Member is notified of the commencement of any audit or other administrative or judicial proceeding in respect of Taxes for which an indemnity may be sought pursuant to this Clause 10, then such
                            receiving party shall inform the other party and the Issuers (unless the Issuers received the relevant notice) in writing of such proceeding within forty five (45) days after the relevant notice was received by the receiving
                            party, and the receiving party shall give the other party such information with respect thereto as the other party may reasonably request; provided that the failure of an Issuer Group Member to so inform another party shall not
                            limit such Issuer Group Member’s rights to indemnification under this Clause 10, except as provided in the last sentence of this Clause 10.3. The party required to indemnify the other party for such Taxes pursuant to this Clause
                            10 (the Tax Indemnifying Party) may discharge, at any time, its indemnification obligation under this Clause 10 by paying to the other party or the relevant taxing authority, as the case
                            may be, the amount payable pursuant to this Clause 10. Except in cases where the Tax Indemnifying Party have discharged their obligations pursuant to the preceding sentence, the Tax Indemnifying Party may, at its own expense,
                            take control of the conduct of any such audit or other administrative or judicial proceeding unless otherwise prohibited by applicable law (in which case, the Tax Indemnifying Party shall be entitled to participate in the
                            conduct of such audit or other administrative or judicial proceeding); provided, however, that if the Tax Indemnifying Party enters into any settlement of such audit or other administrative or judicial proceeding,
                            and such settlement results in an increase in Taxes under this Clause 10, then the Tax Indemnifying Party shall indemnify and hold harmless the relevant Issuer Indemnified Party against such increase. If the Tax Indemnifying
                            Party takes control of the conduct of such audit or other administrative or judicial proceeding, the Tax Indemnifying Party shall have the sole discretion as to the conduct of such audit or other proceeding; provided that the
                            relevant Seller at its request may participate in (but no control) such proceeding. Whether or not the Tax Indemnifying Party chooses to defend or prosecute any claim, the applicable Seller and Issuer Group Member shall
                            cooperate in the defense or prosecution thereof. No Tax Indemnifying Party shall be liable under this Clause 10 for any settlements effected without its consent (not to be unreasonably withheld), or resulting from any audit or
                            other administrative or judicial proceeding to the extent (but only to the extent) any failure to notify the Tax Indemnifying Party of such audit or other administrative or judicial proceeding materially prejudices such Tax
                            Indemnifying Party from contesting the Tax in which the Tax Indemnifying Party is responsible under this Clause 10.

                        

                

              

               

              
                31

                
                  

              

              
                
                  	10.3	
                          Each Seller and each Issuer Group Member agree to treat sales with respect to each Aircraft and Aircraft Interest hereunder as occurring on the relevant Closing Date for U.S. and Irish corporate income tax purposes.

                        

                

              

               

              
                
                  	10.4	
                          The applicable Seller and Issuer Group Member of any Aircraft or Aircraft Interest shall act reasonably in agreeing to the delivery location for the relevant Aircraft, which shall be in a jurisdiction where both such Seller
                            and Issuer Group Member have determined, in each of their sole but reasonable discretion, that there are no material Taxes (other than net or overall gross income Taxes imposed on such Seller) that would be imposed upon either
                            or both Issuers, such Issuer Group Member, such Seller (including by application of this Clause 10) or such Aircraft as a result of the transfer of title to, or the beneficial interest in, the applicable Aircraft or Aircraft
                            Interest to such Issuer Group Member. Notwithstanding anything to the contrary herein, such Issuer Group Member’s agreement (or lack of objection) to any delivery location shall not prejudice, impair, limit or otherwise modify
                            such Issuer Group Member’s rights to indemnification under this Clause 10. The Issuers and the relevant Issuer Group Member both covenant that they shall timely pay (or shall cause the timely payment of) all Transfer Taxes.

                        

                

              

               

              
                
                  	10.5	
                          Each Seller hereby covenants that any tax sharing agreements, tax settlement agreements, arrangements, policies or guidelines, formal or informal, express or implied that may exist between any relevant Transferring Company
                            (including, where relevant, any Transferring Subsidiary of such Transferring Company) or Transferring Trust (including, where relevant, any Transferring Subsidiary of such Transferring Trust) and such Seller or any Affiliate
                            thereof (a Tax Sharing Agreement) shall terminate as of the Closing Date and, except as specifically provided herein, any obligation to make payments by any party under any Tax Sharing
                            Agreement shall be cancelled as of the Closing Date.

                        

                

              

               

              
                
                  	11.	
                          LIMITATIONS ON WARRANTIES AND INDEMNITIES

                        

                

              

               

              
                
                  	11.1	
                          Time Limit on Claims:

                        

                

              

               

              No claim arising out of the sale of the Aircraft, the Beneficial Interests in any Transferring Trust or the Shares in any Transferring Company shall be brought by the Issuers in respect of any breach of the
                Warranties unless the notice in writing of such claim (specifying in reasonable detail (a) the event matter or default which gives rise to the claim, (b) the breach that results and (c) the amount claimed) has been given to or delivered by
                the Issuers to the relevant Seller not later than one (1) year after the applicable Closing Date, after which period no claim in respect thereof, pursuant to an indemnity contained herein or otherwise, may be brought against a party hereto,
                unless notice of a claim of inaccuracy thereof was given prior to the close of such period; provided that no such time limit shall apply in respect of any breach of any Warranty contained in
                paragraphs 4 and 8.2 of Part 1 of Schedule 1 (collectively, the “Unlimited Warranties”) and; provided further that the applicable time limit in respect of the
                breach of any Warranty contained in paragraph 6.3 of Part 2 of Schedule 1 or paragraph 1.3 of Part 3 of Schedule 1 shall be the later of (x) one year after the applicable Closing Date and (y) the expiration of the Lease in effect on the
                date hereof entered into by such Transferring Trust or Transferring Company.

               

              
                32

                
                  

              

              
                
                  	11.2	
                          Financial Limit on Claims:

                        

                

              

               

              Notwithstanding anything to the contrary contained in this Agreement or any Other Transaction Document the maximum aggregate liability of:

               

              
                
                  	

                        	11.2.1	
                          all Sellers and their respective Affiliates arising out of or resulting from or by reason of any claims under or pursuant to (i) the Warranties, and/or (ii) this Agreement shall not exceed $250,000,000 in the aggregate; provided that no financial limit shall apply to any claim in respect of any Unlimited Warranty;

                        

                

              

               

              
                
                  	

                        	11.2.2	
                          the Issuer Group arising out of or resulting from or by reason of any claims under or pursuant to (i) the Issuer Warranties, (ii) the Issuer Indemnity and/or (iii) this Agreement shall not exceed the sum of the Base Purchase
                            Prices of all Aircraft.  Each Seller hereby agrees and acknowledges, on behalf of itself and each other Seller Indemnified Party, that any Seller Indemnified Party shall be entitled to payment of a claim under the Issuer
                            Indemnity only to the extent there are sufficient funds available therefor in accordance with the provisions of Section 3.09(a) or (b) (as applicable) of the Indenture and only after payment of any Prior Ranking Amounts; and

                        

                

              

               

              
                
                  	

                        	11.2.3	
                          the Sellers and their respective Affiliates shall only be liable in respect of any claims under or pursuant to (i) the Warranties, and/or (ii) this Agreement, in each case if the aggregate liability of such Persons for any
                            individual claim would exceed in aggregate $100,000. In the event that such claim exceeds $100,000, such Persons shall be liable (subject to Sections 9, 10 and 11) for the full amount of such claim.

                        

                

              

               

              
                
                  	12.	
                          REPRESENTATIONS AND WARRANTIES OF THE ISSUER GROUP

                        

                

              

               

              Warranties in Terms of Schedule 2: the Issuer Group hereby represents, warrants and undertakes to each Seller in the terms of the Issuer Warranties.

               

              
                33

                
                  

              

              
                
                  
                    
                      
                        	13.	
                                ADDITIONAL COVENANTS AND AGREEMENTS

                              

                      

                    

                     

                  

                  	13.1	
                          Further Action:

                        

                

              

               

              At the request of the Issuers, the applicable Seller shall undertake commercially reasonable efforts to (and shall undertake commercially reasonable efforts to procure that any other necessary parties shall)
                execute all such documents, and do all such acts and things as may reasonably be required by the Issuers subsequent to the date hereof and to any Closing of the sale of an Aircraft or an Aircraft Interest in order to perfect the right,
                title and interest of the applicable Issuer Group Member to and in such Aircraft or Aircraft Interest and, in the case of the sale of Shares in any Transferring Company, to procure the registration of the applicable Issuer Group Member as
                the registered holder(s) of the relevant Shares in such Transferring Company. The applicable Seller shall deliver supplements to the Disclosure Letter for approval by the applicable Issuer as and when necessary to ensure that information
                therein relating to the Remaining Aircraft and related Aircraft Interests, if any, is accurate and current.

               

              
                
                  	13.2	
                          Manufacturers’ Warranties/ Further Assurance:

                        

                

              

               

              In connection with a transfer under Clause 2.2.3, the applicable Seller agrees to assign, or, to procure that its Affiliates or the relevant Aircraft Owner assign, as the case may be, to the relevant
                Transferring Company (or any relevant Transferring Subsidiary of such Transferring Company) or Transferring Trust (or any relevant Transferring Subsidiary of such Transferring Trust) or to the applicable Issuer or applicable Issuer Group
                Member, to the extent permitted by law, any of its rights and benefits under any manufacturers’ warranties, engine restoration agreements and service life policies still in effect to the extent that they (a) relate to the Aircraft (both
                Airframe and Engines relating to such Aircraft) that is the subject of such transfer, (b) have not already been assigned to any relevant Transferring Company (or any relevant Transferring Subsidiary of such Transferring Company) or
                Transferring Trust  (or any relevant Transferring Subsidiary of such Transferring Trust) or Issuer or such Issuer Group Member, as the case may be and (c) have material value remaining. Within 90 days of the applicable Closing Date, each
                Seller agrees to obtain the consent from the relevant manufacturer to the assignments referred to above and to take all appropriate action which may be reasonably necessary or advisable to carry out any of the provisions hereof in respect
                of the relevant Aircraft.

               

              
                
                  	14.	
                          CONDITIONS

                        

                

              

               

              
                
                  	14.1	
                          Conditions To Obligations of Sellers:

                        

                

              

               

              The obligations of the relevant Seller under this Agreement in relation to the sale of any Aircraft or Aircraft Interest are conditional upon satisfaction or waiver by the relevant Seller of the following
                conditions on or prior to the applicable Closing of the sale and purchase of that Aircraft or Aircraft Interest:

               

              
                
                  	

                        	14.1.1	
                          the conditions set forth in Clause 3 with respect to such Aircraft or Aircraft Interest shall have been satisfied;

                        

                

              

               

              
                
                  	

                        	14.1.2	
                          in the case of a Transferring Company (or any relevant Transferring Subsidiary of such Transferring Company) compliance with rules regarding provision of financial assistance, if any, in the jurisdiction of incorporation of
                            such Transferring Company (or any relevant Transferring Subsidiary of such Transferring Company), to include in the case of any Transferring Company (or any relevant Transferring Subsidiary of such Transferring Company) which is
                            incorporated in Ireland compliance with the procedure set out in section 82 of the Irish Companies Act 2014;

                        

                

              

               

              
                34

                
                  

              

              
                
                  	

                        	14.1.3	
                          unless consented to by the applicable Issuer, no enactment, amendment or modification to a statute, order or statutory instrument passed after the date of this Agreement shall have caused any Warranty of the applicable Seller
                            to be untrue or incorrect;

                        

                

              

               

              
                
                  	

                        	14.1.4	
                          all authorizations, consents, orders and approvals of Government Authorities and officials listed in the Disclosure Letter (as updated pursuant to Clause 13.1) having been obtained in form and substance reasonably
                            satisfactory to the applicable Seller;

                        

                

              

               

              
                
                  	

                        	14.1.5	
                          the representations and warranties of the Issuer Group contained in Schedule 2 being true and correct in all material respects when made and on the applicable Closing Date, other than such representations and warranties as
                            are made on another date, and the covenants and agreements contained in this Agreement to be complied with by the Issuer Group on or before Closing having been complied with in all material respects, and such Seller having
                            received a duly executed certificate of the applicable Issuer Group Member to such effect on the date of such Closing;

                        

                

              

               

              
                
                  	

                        	14.1.6	
                          no Action having been commenced by or before any Governmental Authority against any Seller, the Issuer Group, such Transferring Trust (or any relevant Transferring Subsidiary of such Transferring Trust) or Transferring
                            Company (or any relevant Transferring Subsidiary of such Transferring Company) or any of them seeking to restrain or materially and adversely alter the transactions contemplated by this Agreement which, in the reasonable, good
                            faith determination of the applicable Seller, is likely to render it impossible or unlawful for any of the parties to perform their obligations hereunder, provided however that this
                            condition shall not apply to any Action directly or indirectly solicited or encouraged by such Seller;

                        

                

              

               

              
                
                  	

                        	14.1.7	
                          the applicable Issuer or applicable Issuer Group Member having performed or having satisfied in all material respects all covenants, agreements and conditions on its part to be performed or satisfied by it under this
                            Agreement and no material default on the part of the applicable Issuer Group Member having occurred and being still in existence, or resulting from the execution, delivery or performance of this Agreement under any Other
                            Transaction Document;

                        

                

              

               

              
                
                  	

                        	14.1.8	
                          receipt of a copy of the resolution of the board of directors of the applicable Issuer or applicable Issuer Group Member duly authorizing the execution, delivery and performance by the such Issuer or such Issuer Group Member
                            of this Agreement  and the transactions contemplated hereby and thereby;

                        

                

              

               

              
                
                  	

                        	14.1.9	
                          receipt of a certificate of a director or of the secretary of the applicable Issuer or applicable Issuer Group Member certifying the names and signatures of each of the directors or other officers of such Issuer or such
                            Issuer Group Member authorized to sign this Agreement and the documents to be delivered hereunder and thereunder;

                        

                

              

               

              
                35

                
                  

              

              
                
                  	

                        	14.1.10	
                          in the case of any Aircraft that is a Substitute Aircraft, receipt by the applicable Seller of any amounts owing to it pursuant to Clause 6.2; and

                        

                

              

               

              
                
                  	

                        	14.1.11	
                          receipt of an insurance and, if applicable, reinsurance certificate in respect of the relevant Aircraft evidencing that the relevant Seller and such other persons as such Seller shall specify are named as an additional
                            insureds for liability insurances for the tail period set forth in the relevant Lease.

                        

                

              

               

              
                
                  	14.2	
                          Conditions To Obligations of The Issuer Group:

                        

                

              

               

              The obligations of the Issuer Group under this Agreement in relation to the purchase of any Aircraft or Aircraft Interest are conditional upon satisfaction or waiver by the Issuers of the following conditions
                with respect to that Aircraft or Aircraft Interest on or prior to the Closing of the sale and purchase of that Aircraft or Aircraft Interests, provided that none of such conditions may be waived
                unless the Issuers have provided prior written notification to the Rating Agencies provided further that the Warranties of the relevant Seller shall only be made with respect to each Aircraft and
                related Lease, Seller, Transferring Trust (and, where relevant, any Transferring Subsidiary of such Transferring Trust) or Transferring Company (and, where relevant, any Transferring Subsidiary of such Transferring Company) which is being
                transferred by such Seller to an Issuer Group Member on such Closing Date:

               

              
                
                  	

                        	14.2.1	
                          the conditions set forth in Clause 3 with respect to such Aircraft or Aircraft Interest shall have been satisfied;

                        

                

              

               

              
                
                  	

                        	14.2.2	
                          in the case of a Transferring Company and any Transferring Subsidiary of such Transferring Company, compliance with rules regarding provision of financial assistance, if any, in the jurisdiction of incorporation of such
                            Transferring Company and Transferring Subsidiary;

                        

                

              

               

              
                
                  	

                        	14.2.3	
                          the relevant Seller, Transferring Trust (or any relevant Transferring Subsidiary of such Transferring Trust) or Transferring Company (or any relevant Transferring Subsidiary of such Transferring Company) being the owner of
                            the Aircraft specified in the applicable Delivery Notice (or, in the case of a Transferring Title Aircraft which is a Non-Owned Aircraft, having the right upon valid tender by the relevant Aircraft Owner pursuant to the terms of
                            the relevant Aircraft Purchase Agreement to take title (or nominate another Person to take title) to such Aircraft);

                        

                

              

               

              
                
                  	

                        	14.2.4	
                          all authorizations, consents, orders and approvals of Government Authorities and officials listed in the Disclosure Letter (as updated pursuant to Clause 13.1 hereof) having been obtained in form and substance reasonably
                            satisfactory to the Issuers;

                        

                

              

               

              
                
                  	

                        	14.2.5	
                          subject to such matters as may be disclosed in the Disclosure Letter (as updated pursuant to Clause 13.1 hereof), the Warranties being true and correct in all material respects on the applicable Closing Date, other than such
                            Warranties as are made on another date, and the covenants and agreements contained in this Agreement to be complied with by the Sellers on or before the relevant Closing having been complied with in all material respects in
                            relation to such Aircraft, Seller, Transferring Trust (and any relevant Transferring Subsidiary of such Transferring Trust) or Transferring Company (and any relevant Transferring Subsidiary of such Transferring Company) and the
                            applicable Issuer Group Member having received a duly executed certificate from the relevant Seller to such effect on the date of such Closing;

                        

                

              

               

              
                36

                
                  

              

              
                
                  	

                        	14.2.6	
                          no Action having been commenced or threatened by or before any Governmental Authority against the relevant Seller, the Issuer Group, any relevant Transferring Trust (or any relevant Transferring Subsidiary of such
                            Transferring Trust) or Transferring Company (or any relevant Transferring Subsidiary of such Transferring Company) or any of them seeking to restrain or materially and adversely alter the transactions contemplated hereby which
                            the Issuers reasonably believe is likely to render it impossible or unlawful for any of the parties to perform their obligations hereunder; provided however that this condition shall not
                            apply to any Action solicited or encouraged by the Issuers or any other Issuer Group Member;

                        

                

              

               

              
                
                  	

                        	14.2.7	
                          the Other Transaction Documents relating to such Aircraft, Transferring Company (and any relevant Transferring Subsidiary of such Transferring Company) or Transferring Trust (and any relevant Transferring Subsidiary of such
                            Transferring Trust) or the relevant Seller having been duly entered into and having become unconditional in all respects save for any conditions relating to this Agreement or the satisfaction of the conditions precedent
                            hereunder;

                        

                

              

               

              
                
                  	

                        	14.2.8	
                          receipt of copies of the reports of the Appraisers (including, if applicable, with respect to Substitute Aircraft);

                        

                

              

               

              
                
                  	

                        	14.2.9	
                          receipt of the Disclosure Letter, if any, (including any updated and/or supplements to the applicable Closing Date) in form and substance reasonably satisfactory to the Issuers;

                        

                

              

               

              
                
                  	

                        	14.2.10	
                          receipt of a broker’s letter and insurance certificate with respect to the relevant Aircraft, if any, owned by such Seller (or, in the case of a Transferring Title Aircraft which is a Non-Owned Aircraft, which the Seller has
                            the right upon valid tender by the relevant Aircraft Owner pursuant to the terms of the relevant Aircraft Purchase Agreement to take title (or nominate another Person to take title) to such Aircraft), Transferring Trust (or any
                            relevant Transferring Subsidiary of such Transferring Trust) or Transferring Company (or any relevant Transferring Subsidiary of such Transferring Company) evidencing compliance with the requirements set forth in Exhibit D of
                            the Indenture and the related Lease;

                        

                

              

               

              
                
                  	

                        	14.2.11	
                          receipt of evidence (including the results of any applicable customary lien search) satisfactory to the applicable Issuer Group Member that there are is no mortgage, charge, pledge of or other security over the Aircraft or
                            over the Shares in such Transferring Company (or any relevant Transferring Subsidiary of such Transferring Company) or the Beneficial Interest in such Transferring Trust (or any relevant Transferring Subsidiary of such
                            Transferring Trust) (as the case may be), or that any such security has been released (or will be released after Closing in a manner reasonably satisfactory to the Issuers);

                        

                

              

               

              
                37

                
                  

              

              
                
                  	

                        	14.2.12	
                          a copy of the organizational or constitutional documents of each relevant Transferring Company (and any Transferring Subsidiary of such Transferring Company) or Transferring Trust (and any relevant Transferring Subsidiary of
                            such Transferring Trust), if any, certified as of such Closing Date to be a true, complete and up-to-date copy by a director, manager, secretary or other officer of such Transferring Company (or any Transferring Subsidiary of
                            such Transferring Company) or Transferring Trust (or any relevant Transferring Subsidiary of such Transferring Trust), as applicable, and in a form satisfying the requirements of the Indenture;

                        

                

              

               

              
                
                  	

                        	14.2.13	
                          a copy of resolutions of the directors and/or board of managers or other applicable governing body of the relevant Seller (and, if different, any applicable Aircraft Owner and/or Trustor), in each case certified as of such
                            Closing Date to be a true, complete and up to date copy and as being in full force and effect and not amended or rescinded by a director, manager, secretary or other officer of the relevant Seller (and, if different, any
                            applicable Aircraft Owner and/or Trustor), approving or authorizing the transactions contemplated by this Agreement, including an incumbency certificate (or equivalent document) of the Person or Persons authorized to execute and
                            deliver on behalf of such relevant Seller (and, if different, any applicable Aircraft Owner and/or Trustor) this Agreement and any notices or other documents to be given pursuant hereto or thereto;

                        

                

              

               

              
                
                  	

                        	14.2.14	
                          The following legal opinions in the Agreed Form shall be delivered dated as of the applicable Closing Date:

                        

                

              

               

              
                
                  	

                        	(a)	
                          an opinion of counsel as to the laws of the jurisdiction of such Person in respect of the applicable Seller (and, if different, any applicable Aircraft Owner and/or Trustor) as to its incorporation, formation or registration
                            and its execution, delivery and performance of the documents to which it is a party contemplated by this Agreement and related matters;

                        

                

              

               

              
                
                  	

                        	(b)	
                          an opinion of counsel as to the laws of the jurisdiction of such Person in respect of any relevant Transferring Company (and any Transferring Subsidiary of such Transferring Company), Transferring Trust (and any relevant
                            Transferring Subsidiary of such Transferring Trust) or the applicable Issuer Group Member (and as applicable, an Issuer) as to its incorporation, formation or registration and its execution, delivery and performance of the
                            documents to which it is a party contemplated by this Agreement and related matters;

                        

                

              

               

              
                
                  	

                        	(c)	
                          an opinion of independent or in-house counsel, as applicable, to the relevant Guarantor as to such Guarantor’s incorporation, formation or registration and such Guarantor’s execution, delivery and performance of the relevant
                            Guaranty;

                        

                

              

               

              
                38

                
                  

              

              
                
                  	

                        	(d)	
                          an opinion of New York counsel as to the enforceability of the documents governed by New York law entered into in connection with the Closing and related matters;

                        

                

              

               

              
                
                  	

                        	(e)	
                          an opinion of counsel as to any applicable filings or registrations with the FAA and/or the International Registry as required under the Security Trust Agreement in connection with the Closing; and

                        

                

              

               

              
                
                  	

                        	(f)	
                          an opinion of counsel as to the laws of the jurisdiction of the Lessee and the jurisdiction of registration of the Aircraft (if different) as to such matters in such jurisdiction as are contemplated in the Agreed Form
                            thereof;

                        

                

              

               

              
                
                  	

                        	14.2.15	
                          if, on the relevant Closing Date, any  Security Deposit or Maintenance Rent held or supported under the Lease for the relevant Aircraft is in the form of a letter of credit, guarantee, promissory note or other instrument, and
                            not already issued in the name of the Servicer or any relevant Transferring Company, Transferring Trust or Transferring Subsidiary, the applicable Seller shall cause such letter of credit, guarantee or other instrument to be
                            duly endorsed, amended or reissued in favor of the relevant Issuer Group Member within ninety (90) days of the relevant Closing Date;

                        

                

              

               

              
                
                  	

                        	14.2.16	
                          any relevant Transferring Company (and any Transferring Subsidiary of such Transferring Company) or Transferring Trust (and any relevant Transferring Subsidiary of such Transferring Trust), or if none, the applicable Issuer
                            Group Member, and the applicable Issuer shall have duly executed and delivered each document required by an Issuer Group Member under the Related Documents in connection with the Closing, including a Collateral Supplement or
                            Grantor Supplement (as applicable), accession agreements and guaranties in the forms set forth in the Security Trust Agreement and agreements with the Service Providers, any powers of attorney in favor of a Service Provider
                            required thereunder, an FAA security document (if applicable) and any local law security document required to be provided pursuant to the Security Trust Agreement;

                        

                

              

               

              
                
                  	

                        	14.2.17	
                          in the case of a Transferring Company, the applicable Seller having delivered to the applicable Issuer Group Member a solvency certificate in respect of such Transferring Company and a solvency certificate in respect of such
                            Seller, in each case in a form agreed with the applicable Issuer on the date hereof and on each Closing Date;

                        

                

              

               

              
                
                  	

                        	14.2.18	
                          insofar as it has not been already provided to the applicable Issuer or applicable Issuer Group Member or is not held by a Transferring Company or Transferring Trust (or a subsidiary of it), receipt by the applicable Issuer
                            or applicable Issuer Group Member of a copy of the applicable Lease relating to the Aircraft owned by or leased by (as applicable) the relevant Aircraft Owner, Transferring Trust or Transferring Company (or its subsidiaries),
                            along with the tangible chattel paper original of such Lease (or if an original was never so designated or such original has been lost, a certificate from the applicable Seller to such effect) on the applicable Closing Date; and

                        

                

              

               

              
                39

                
                  

              

              
                
                  	

                        	14.2.19	
                          all the conditions precedent to the effectiveness of the Novation Agreement, as applicable, for the applicable Aircraft which are expressed to be for the benefit of the Issuer Group Member shall have been satisfied.

                        

                

              

               

              
                
                  	14.3	
                          Legal Opinions:

                        

                

              

               

              On the Initial Closing Date, the applicable Sellers shall deliver to the Issuers one or more legal opinions, in form and substance satisfactory to the Issuers and in the Agreed Form, in relation to, the true
                sale and valid contribution and valid transfer of title from the relevant Aircraft Owners, Trustors and Sellers in respect of the Aircraft or Aircraft Interests to be sold during the Delivery Period and other matters relating to
                consolidation under applicable laws, from local counsel to such Sellers.

               

              
                
                  	14.4	
                          Further Condition and Agreement:

                        

                

              

               

              The obligations of the relevant Sellers and the Issuer Group under this Agreement are further conditional upon no change having occurred after the date of this Agreement in any applicable law which would make
                it illegal for any party to this Agreement or the Other Transaction Documents or Related Documents to perform any of their respective obligations under this Agreement or such Other Transaction Documents or Related Documents; provided, however, that if any such change has occurred in relation to this Agreement, the parties shall co-operate and for such purposes use all reasonable endeavors to restructure their respective
                obligations under this Agreement so as to avoid the aforementioned illegality.

               

              
                
                  	15.	
                          MISCELLANEOUS

                        

                

              

               

              
                
                  	15.1	
                          Waiver:

                        

                

              

               

              Any Seller or the Issuers may extend the time for the performance of any of the obligations or other acts of the other parties. Any such extension shall be valid only if set forth in an instrument in writing
                signed by the party or parties to be bound thereby. Any Seller may waive any inaccuracies in the representations and warranties of the Issuer Group or any condition in Clause 14.1 hereof to the Closing of the sale of any Aircraft or
                Aircraft Interest. The Issuers may waive any inaccuracies in the representations and warranties of the Sellers made on any Closing Date or any condition to the Closing of the sale of any of the Aircraft or Aircraft Interests in Clause 14.2
                hereof only after having provided prior written notification to the Rating Agencies. Any waiver of any term or condition shall not be construed as a waiver of any subsequent breach or a subsequent waiver of the same term or condition, or a
                waiver of any other term or condition, of this Agreement. The failure by any party to assert any of its rights hereunder shall not constitute a waiver of any of such rights.

               

              
                40

                
                  

              

              
                
                  	15.2	
                          Notices:

                        

                

              

               

              Every notice, request, demand or other communication under this Agreement shall:

               

              
                
                  	

                        	15.2.1	
                          be in writing delivered personally, or by prepaid courier delivery services such as Federal Express, DHL or other similar services, or facsimile (confirmed, in the case of facsimile, by prepaid airmail letter sent within 24
                            hours of dispatch but so that non-receipt of such confirmation shall not affect in any way the validity of the facsimile in question). Notices may be sent by e-mail (including pdf or other attachment to e-mail) if the receiving
                            party has provided the sending party an e-mail address in the address information at 15.2.3 below (as such address information may have been updated in accordance with this Clause 15);

                        

                

              

               

              
                
                  	

                        	15.2.2	
                          be deemed to have been received, subject as otherwise provided in this Agreement in the case of an e-mail, upon the date the sender’s receipt of an acknowledgment from the intended recipient (such as by the return receipt
                            requested function, return e-mail or other written acknowledgment), in the case of a facsimile, at the time of dispatch with confirmed answerback of the addressee appearing at the beginning and end of the communication, (provided, however, that, in the case of a facsimile or an e-mail, if the date of dispatch is not a Business Day in the country of the addressee it shall be deemed to have been received at the
                            opening of business on the next such Business Day and provided further that such notice or communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been
                            sent at the opening of business on the next Business Day for the recipient), and in the case of a letter, when delivered personally; provided, however, that if personal delivery or
                            delivery by courier of a notice is tendered but refused, such notice shall be effective upon such tender; and

                        

                

              

               

              
                
                  	

                        	15.2.3	
                          be sent:

                        

                

              

               

              if to the Sellers, to:

               

              BBAM Aviation Services Limited

              West Pier Business Campus

              Dun Laoghaire

              County Dublin A96 N6T7

              Ireland

              Attention:  Company Secretary

              Fax:  (353) 1-231-1901

              Telephone:  (353) 1-231-1900

               

              and to:

               

              BBAM US LP

              50 California Street, 14th Floor

              San Francisco, California 94111

              Attention:  Senior Vice President, Corporate Legal

              Fax:  (415) 512-1515

              Telephone: (415) 267-1500

               

              
                41

                
                  

              

              If to the Issuer Group, to:

               

              Horizon Aircraft Finance II Limited

              Maples Fiduciary Services (Ireland) Limited

              32 Molesworth Street

              Dublin 2 D02 Y512

              Ireland

              Attention: The Directors

              Email: HorizonIIABS@maples.com

              

              

              and

              

              

              Horizon Aircraft Finance II LLC

              c/o Maples Fiduciary Services (Delaware) Inc.

              4001 Kennett Pike

              Suite 302

              Wilmington, DE 19807

              

              

              
                
                  	15.3	
                          Severability:

                        

                

              

               

              If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any law or public policy, all other terms and provisions of this Agreement shall nevertheless remain in
                full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon any determination that any term or other provision is invalid,
                illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the
                transactions contemplated by this Agreement are effected as originally contemplated to the greatest extent possible.

               

              
                
                  	15.4	
                          Assignment; Third Party Beneficiary:

                        

                

              

               

              This Agreement shall be binding upon and inure to the benefit of the successors of the parties but shall not be assignable by any Seller or the Issuers without the express written consent of the other parties
                (which consent may be granted or withheld in the sole discretion of such other parties provided however that the Issuers may assign this Agreement to the Security Trustee for the benefit of the
                Secured Parties (as defined in the Security Trust Agreement) and each Seller hereby acknowledges such assignment. Each Indemnified Party not party to this Agreement shall be an express third-party beneficiary of this Agreement and shall be
                entitled to enforce the provisions hereof in its favor.

               

              
                42

                
                  

              

              
                
                  	15.5	
                          Amendment:

                        

                

              

               

              This Agreement may not be amended except (a) by an instrument in writing signed by or on behalf of the Sellers and the Issuers or (b) by a waiver in accordance with Clause 15.1 hereof; provided that any Seller
                may by notice to the other parties hereto notify such other parties that, in lieu of the transfer of a Transferring Company or Transferring Trust, it shall effect a title transfer of the relevant Aircraft, whereupon such Aircraft shall
                become a Transferring Title Aircraft and this Agreement shall be deemed amended accordingly.

               

              
                
                  	15.6	
                          Applicable Law and Jurisdiction:

                        

                

              

               

              
                
                  	

                        	15.6.1	
                          THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE.

                        

                

              

               

              
                
                  	

                        	15.6.2	
                          Each party hereto hereby submits to the nonexclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York State court sitting in New York County for the purposes of all
                            legal proceedings arising out of or relating to this Agreement and each other Transaction Document or the transactions contemplated hereby or thereby. Each of the parties hereto irrevocably waives, to the fullest extent
                            permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an
                            inconvenient forum. Each Issuer agrees that the process by which any suit, action or proceeding in any such court is begun may be served on it by being delivered to Corporation Service Company (the “Agent”), 1180 Avenue of the Americas, Suite 210, New York, New York 10036 U.S.A., its designee, appointee and agent to receive, accept and acknowledge for and on its behalf such service of legal process. Without
                            limiting the effect of the immediately preceding sentence, each of the parties hereto hereby irrevocably consents to the service of any and all process in any such action or proceeding by the mailing of copies to it or in any
                            other manner permitted by Applicable Law.

                        

                

              

               

              
                
                  	

                        	15.6.3	
                          TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES THE RIGHT TO DEMAND A TRIAL BY JURY, IN ANY SUCH SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF THIS AGREEMENT, THE OTHER
                            TRANSACTION DOCUMENTS, OR THE SUBJECT MATTER HEREOF OR THEREOF OR THE OVERALL TRANSACTION BROUGHT BY ANY OF THE PARTIES HERETO OR THEIR SUCCESSORS OR ASSIGNS.

                        

                

              

               

              
                
                  	

                        	15.6.4	
                          Nothing in this Clause 15.6 limits the right of each of the parties hereto to bring proceedings against another party hereto in connection with this Agreement (i) in any other court of competent jurisdiction; or (ii)
                            concurrently in more than one jurisdiction.

                        

                

              

               

              
                
                  	15.7	
                          Survival After Closing:

                        

                

              

               

              The provisions of this Agreement in so far as the same shall not have been performed at any Closing shall remain in full force and effect notwithstanding such Closing.

               

              
                43

                
                  

              

              
                
                  	15.8	
                          Entire Agreement; Counterparts:

                        

                

              

               

              This Agreement, together with the Other Transaction Documents, and the other documents described herein or therein, including the Disclosure Letter, constitutes the entire agreement among the parties with
                respect to the subject matter hereof and supersedes all previous proposals, negotiations, representations, and other communications between or among the parties, both oral and written, with respect thereto. This Agreement may be executed in
                one or more counterparts and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.

               

              
                
                  	15.9	
                          Issuer Limited Recourse:

                        

                

              

               

              Notwithstanding any provision of this Agreement to the contrary, the recourse of the Sellers to the Issuers and the Issuer Group hereunder shall be limited to the assets of the Issuers and the Issuer Group
                which form part of the Collateral (as defined in the Security Trust Agreement). If the proceeds derived from the enforcement of its rights hereunder (subject to at all times the security interests granted by the Issuers in favor of the
                Security Trustee and the enforcement and realization of such interests by the Security Trustee) are insufficient to discharge in full the claims of the relevant Seller (as applicable) hereunder, then the claims of such Seller (as
                applicable) hereunder in respect of any outstanding amounts and obligations shall be extinguished and shall not revive and such Seller shall not take any further action against the Issuers or any member of the Issuer Group to recover any
                sum in respect of such amounts and obligations and no debt shall be owed by any Issuer or any member of the Issuer Group to such Seller in respect of such amounts or obligations. In particular, no Seller or any other party acting on their
                behalf may institute, or join with any other person in bringing, instituting or joining, insolvency proceedings (whether court based or otherwise) or for the appointment of an examiner, liquidator or analogous person in relation to the
                Issuers or any member of the Issuer Group or seek before any court or government agency to have any shareholder, director or officer of any Issuer or any member of the Issuer Group held liable for any action or inaction of the Issuers or
                any member of the Issuer Group under this Agreement. The provisions of this Clause 15.9 shall survive termination of this Agreement.

               

              [signature pages follow]

               

              
                44

                
                  

              

              IN WITNESS WHEREOF the parties have executed this Agreement on the date written above.

               

              	 	
                      FLY AIRCRAFT HOLDINGS TWENTY LIMITED

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Declan Cotter

                    	

                    
	 	 	
                      Name: Declan Cotter

                    	 
	 	 	
                      Title:   Director

                    

              

              

              	 	
                      JUPITER AVIATION 2 LLC

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Michael Blumenthal

                    	 
	 	 	
                      Name: Michael Blumenthal

                    	 
	 	 	
                      Title:   Manager

                    

              

              

              	 	
                      FLY AIRCRAFT HOLDINGS THIRTY-TWO LIMITED

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Declan Cotter

                    	 
	 	 	
                      Name: Declan Cotter

                    	 
	 	 	
                      Title:   Director

                    

              

              

              	 	
                      FLY AIRCRAFT HOLDINGS THIRTY-ONE LIMITED

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Declan Cotter

                    	 
	 	 	
                      Name: Declan Cotter

                    	 
	 	 	
                      Title:   Director

                    

              

              

              
                
                  

              

              	 	
                      SAP MERIDIAN 17 LP

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Vincent Cannon

                    	 
	 	 	
                      Name: Vincent Cannon

                    	 
	 	 	
                      Title:   Vice President

                    

              

              

              	 	
                      MERAH AIRCRAFT 5 LIMITED

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Declan Cotter

                    	 
	 	 	
                      Name: Declan Cotter

                    	 
	 	 	
                      Title:   Director

                    

              

              

              	 	
                      WELLS FARGO TRUST COMPANY, NATIONAL ASSOCIATION, NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS OWNER TRUSTEE OF THE 737 MSN 34596 TRUST

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ J. Brent Allen

                    	 
	 	 	
                      Name: J. Brent Allen

                    	 
	 	 	
                      Title:   Vice President

                    

              

              

              	 	
                      FLY AIRCRAFT HOLDINGS ONE LIMITED

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Declan Cotter

                    	 
	 	 	
                      Name: Declan Cotter

                    	 
	 	 	
                      Title:   Director

                    

              

              

              
                
                  

              

              	 	
                      FLY AIRCRAFT HOLDINGS TWENTY-FOUR LIMITED

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Declan Cotter

                    	 
	 	 	
                      Name: Declan Cotter

                    	 
	 	 	
                      Title:   Director

                    

              

              

              	 	
                      WELLS FARGO TRUST COMPANY, NATIONAL ASSOCIATION, NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS OWNER TRUSTEE OF THE B&B AIR ACQUISITION 34953 TRUST

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ J. Brent Allen

                    	 
	 	 	
                      Name: J. Brent Allen

                    	 
	 	 	
                      Title:   Vice President

                    

              

              

              	 	
                      AMETHYST AIRCRAFT LEASING LIMITED

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Declan Cotter

                    	 
	 	 	
                      Name: Declan Cotter

                    	 
	 	 	
                      Title:   Director

                    

               

              	 	
                      JUPITER AVIATION 1 LLC

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Michael Blumenthal

                    	 
	 	 	
                      Name: Michael Blumenthal

                    	 
	 	 	
                      Title:   Manager

                    

              

              

              
                
                  

              

              	 	
                      CARNELIAN AIRCRAFT LEASING LIMITED

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Declan Cotter

                    	 
	 	 	
                      Name: Declan Cotter

                    	 
	 	 	
                      Title:   Director

                    

              

              

              	 	
                      SAP MERIDIAN AVIATION 25 LIMITED

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Maurice Prendergast

                    	 
	 	 	
                      Name: Maurice Prendergast

                    	 
	 	 	
                      Title:   Director

                    

              

              

              	 	
                      HORIZON AIRCRAFT FINANCE II LIMITED

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Colm Davis

                    	 
	 	 	
                      Name: Colm Davis

                    	 
	 	 	
                      Title:   Director

                    

              

              

              	 	
                      HORIZON AIRCRAFT FINANCE II LLC

                    
	 	 	 
	 	
                      By:

                    	
                      /s/ Edward L. Truitt Jr.

                    	 
	 	 	
                      Name: Edward L. Truitt Jr.

                    	 
	 	 	
                      Title:   Independent ManagerEX-4.6

 Exhibit 4.6 
  

 
 NANTKWEST, INC. 

 
  

INDENTURE 
 Dated as of
                , 20     
  

 
 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
	  	 	5	 
	 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 and Paying
Agent
	  	 	9	 
	 Section 2.5        Paying Agent to Hold Money in
Trust
	  	 	10	 
	 Section 2.6        Securityholder Lists
	  	 	10	 
	 Section 2.7        Transfer and Exchange
	  	 	10	 
	 Section 2.8        Mutilated, Destroyed, Lost and
Stolen Securities
	  	 	11	 
	 Section 2.9        Outstanding Securities
	  	 	11	 
	 Section 2.10      Treasury Securities
	  	 	12	 
	 Section 2.11      Temporary Securities
	  	 	12	 
	 Section 2.12      Cancellation
	  	 	12	 
	 Section 2.13      Defaulted Interest
	  	 	13	 
	 Section 2.14      Global Securities
	  	 	13	 
	 Section 2.15      CUSIP Numbers
	  	 	15	 
		
	 ARTICLE III REDEMPTION
	  	 	16	 
		
	 Section 3.1        Notice to Trustee
	  	 	16	 
	 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
	  	 	18	 
		
	 ARTICLE IV COVENANTS
	  	 	18	 
		
	 Section 4.1        Payment of Principal and
Interest
	  	 	18	 
	 Section 4.2        SEC Reports
	  	 	18	 
	 Section 4.3        Compliance Certificate
	  	 	18	 
	 Section 4.4        Stay, Extension and Usury
Laws
	  	 	19	 
		
	 ARTICLE V SUCCESSORS
	  	 	19	 
		
	 Section 5.1        When Company May Merge,
Etc
	  	 	19	 
	 Section 5.2        Successor Corporation
Substituted
	  	 	19	 

  
 -i- 

 TABLE OF CONTENTS 

(Continued) 
  

					
	 	  	Page	 
		
	 ARTICLE VI DEFAULTS AND REMEDIES
	  	 	20	 
		
	 Section 6.1        Events of Default
	  	 	20	 
	 Section 6.2        Acceleration of Maturity;
Rescission and Annulment
	  	 	21	 
	 Section 6.3        Collection of Indebtedness and
Suits for Enforcement by Trustee
	  	 	22	 
	 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
	  	 	24	 
	 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
	  	 	25	 
	 Section 6.11      Delay or Omission Not Waiver
	  	 	25	 
	 Section 6.12      Control by Holders
	  	 	25	 
	 Section 6.13      Waiver of Past Defaults
	  	 	26	 
	 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
	  	 	29	 
	 Section 7.4        Trustee’s
Disclaimer
	  	 	29	 
	 Section 7.5        Notice of Defaults
	  	 	29	 
	 Section 7.6        Reports by Trustee to
Holders
	  	 	30	 
	 Section 7.7        Compensation and
Indemnity
	  	 	30	 
	 Section 7.8        Replacement of Trustee
	  	 	31	 
	 Section 7.9        Successor Trustee by Merger,
Etc
	  	 	32	 
	 Section 7.10      Eligibility; Disqualification
	  	 	32	 
	 Section 7.11      Preferential Collection of Claims Against
Company
	  	 	32	 
		
	 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
	  	 	34	 
	 Section 8.4        Covenant Defeasance
	  	 	35	 
	 Section 8.5        Repayment to Company
	  	 	36	 
	 Section 8.6        Reinstatement
	  	 	36	 
		
	 ARTICLE IX AMENDMENTS AND WAIVERS
	  	 	37	 
		
	 Section 9.1        Without Consent of
Holders
	  	 	37	 
	 Section 9.2        With Consent of
Holders
	  	 	38	 
	 Section 9.3        Limitations
	  	 	38	 
	 Section 9.4        Compliance with Trust Indenture
Act
	  	 	39	 
	 Section 9.5        Revocation and Effect of
Consents
	  	 	39	 

  
 -ii- 

 TABLE OF CONTENTS 

(Continued) 
  

					
	 	  	Page	 
	 Section 9.6        Notation on or Exchange of
Securities
	  	 	39	 
	 Section 9.7        Trustee Protected
	  	 	39	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	40	 
		
	 Section 10.1      Trust Indenture Act Controls
	  	 	40	 
	 Section 10.2      Notices
	  	 	40	 
	 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
	  	 	42	 
	 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
	  	 	43	 
	 Section 10.16    Judgment Currency
	  	 	44	 
	 Section 10.17    Force Majeure
	  	 	45	 
		
	 ARTICLE XI SINKING FUNDS
	  	 	45	 
		
	 Section 11.1      Applicability of Article
	  	 	45	 
	 Section 11.2      Satisfaction of Sinking Fund Payments with
Securities
	  	 	45	 
	 Section 11.3      Redemption of Securities for Sinking
Fund
	  	 	46	 

  
 -iii- 

 NANTKWEST, 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 NANTKWEST, INC. a company incorporated under the laws of Delaware
(“Company”), and                      , as trustee (“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.

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

“Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under
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. 

 

 “Corporate Trust Office” means the principal office of the Trustee at which
at any time this Indenture shall be administered, which office as of the date hereof is located at                     . With respect to
presentation for transfer or exchange, conversions or principal payment, such address shall be                     , or such other address as the
Trustee may designate from time to time by written notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by written
notice to the Holders and the Company). 
 “Default” means any event which is, or after notice or 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 accounting principles generally
accepted 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. 

  
 -2- 

 “Holder” or “Securityholder” means a person in whose name
a Security is registered on the books of the Registrar. 
 “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. 
 “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 Section 10.5. 
 “Opinion of Counsel” means a
written opinion of legal counsel who is acceptable to the Trustee. The opinion may contain customary limitations, qualifications, conditions and exceptions. The counsel may be an employee of or counsel to the Company. 

“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, and any Additional Amounts in respect of, the Security. 

“Responsible Officer” means any officer of the Trustee in its Corporate Trust Office having direct responsibility for the
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. 

“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. 

  
 -3- 

 “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. 

“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 depository receipt, provided that (except as
required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such 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
	 “Bankruptcy Law”
	  	6.1
	 “Custodian”
	  	6.1
	 “Event of Default”
	  	6.1
	 “Judgment Currency”
	  	10.16
	 “Legal Holiday”
	  	10.7
	 “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

  
 -4- 

 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: 
 “Commission” means the SEC. 

“indenture securities” means the Securities. 

“indenture security holder” means a Securityholder. 

“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; and 

(e)    provisions apply to successive events and transactions. 

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 

  
 -5- 

 
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 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; 

  
 -6- 

 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; 
 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 set forth in Articles IV or V which applies to
Securities of the Series; 

  
 -7- 

 2.2.20.    any Depositaries, interest rate calculation agents, exchange
rate calculation agents, conversion 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 or facsimile 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. 
 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 

  
 -8- 

 
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 Section 10.4, (c) an
Opinion of Counsel complying with Section 10.4 and (d) an Opinion of Counsel (which may be the same Opinion of Counsel referred to in the preceding clause (c)) that such Securities, when they have been duly executed, issued, and
authenticated in accordance with the terms of the Indenture and delivered against payment therefor in the circumstances described in such Opinion of Counsel, will be legally valid and binding obligations of the Company, enforceable against the
Company in accordance with their terms. 
 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 by its board of directors or trustees, executive committee or a trust committee of directors
and/or vice-presidents or a committee of Responsible Officers shall determine that such action would expose the Trustee to personal liability to Holders of any then-outstanding Series of Securities. 

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 and Paying 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 

  
 -9- 

 
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. 

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. 

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 Securityholders 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 Securityholders 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. 
 Section 2.6    Securityholder Lists.

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 Securityholders 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 Securityholders of each Series of Securities. 

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). 

  
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 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 fifteen 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, or (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. 
 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. 
 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 

  
 -11- 

 
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. 
 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 in accordance with its customary

  
 -12- 

 
procedures (subject to the record retention requirement 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 Securityholders of the Series on a subsequent special record date. The Company shall fix the record date and payment date. At least 10 days before the special record
date, the Company shall send to the Trustee and to each Securityholder 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. 
 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. 
 Neither the
Trustee nor any Agent shall have any responsibility for any actions taken or not taken by the Depositary. 

  
 -13- 

 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 Note registered in the name of DTC or its nominee shall bear a legend in substantially the following form: 

“UNLESS THIS GLOBAL NOTE 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 NOTE 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 THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 
 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.

 (a)    Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this
Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly
provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this
Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 

(b)    The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit
of a witness of such execution or by a certificate of a notary 

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

(c)    The ownership of Global Securities or any Securities issued in certificated form shall be proved by the Register.

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

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

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.    Consents, Declaration and Directions. The Company, the Trustee and any Agent shall treat a person as the
Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary or by the applicable procedures of such Depositary with respect to such Global
Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 

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 

  
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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 Series of Securities to be
redeemed. The Company shall give the notice at least 5 days before the notice is delivered to the Holders, unless a shorter period is satisfactory to the Trustee. 

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. 

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. 

  
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 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; 
 (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 5 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. 
 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 irrevocably deposit with the Paying Agent money
sufficient (as determined by the Company) to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

  
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 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. 

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 (or any successor system thereto) 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 are 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 their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

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 Officers with a view to
determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each 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). 

  
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 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. 
 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 corporation
or the successor person (if other than the Company) is a corporation organized and validly existing under the laws of any U.S. domestic jurisdiction and expressly assumes, by a supplemental indenture, executed and delivered to the Trustee, 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. 
 Where the Company is not the surviving
corporation, 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. 

  
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 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: 

(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); or 
 (b)    default in the payment of principal
of any Security of that Series at its Maturity; or 
 (c)    default in the performance or breach of any covenant or
warranty of the Company in this Indenture (other than defaults pursuant to paragraphs (a) or (b) above or pursuant to a covenant or warranty that has been included in this Indenture solely for the benefit of 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; or 

(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; or 

(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, 

  
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 (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 

(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 U.S. 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. 

  
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 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, or 
 (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 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, 

  
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 (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 

(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. 

  
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 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; 

(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

  
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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. 
 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 losses, costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

  
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 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. 
 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. 

(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 

  
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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 (but need not confirm or investigate the accuracy of mathematical
calculations or other facts stated therein). 
 (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. 
 (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 losses, 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 or investment 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 expend or 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. 

(h)    The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections and immunities as
are set forth in paragraphs (e), (f) and (g) of this Section and in Section 7.2, each with respect to the Trustee. 

Section 7.2    Rights of Trustee.

(a)    The Trustee may conclusively 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 

  
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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. 

(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, provided that the Trustee’s conduct does not constitute willful misconduct or negligence. 

(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 without willful misconduct or negligence, 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 losses, 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 the Trustee
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 and regardless of the form of action. 

(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. 

  
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 (k)    No bond or surety shall be required with respect to performance
of Trustee’s duties and powers. 
 (l)    Under no circumstances shall the Trustee be liable in its individual
capacity for the obligations evidenced by the Securities of the Series. 
 (m)    Any request or direction of the
Company mentioned herein shall be sufficiently evidenced by a Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution. 

(n)    The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles
of officers authorized at such time to take specified actions pursuant to this Indenture. 
 (o)    The rights,
privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent,
custodian and other Person employed to act hereunder. 
 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. 

Section 7.4    Trustee’s Disclaimer.

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the
Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its authentication. The recitals contained herein and in the Securities, except the Trustee’s certificates of
authentication, shall be taken as the statements of the Company, and the Trustee or any Authenticating Agent assumes no responsibility for their correctness. 

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 actually known to a
Responsible Officer of the Trustee, the Trustee shall send to each Securityholder 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 it in good faith
determines that withholding the notice is in the interests of Securityholders of that Series. 

  
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 Section 7.6    Reports by Trustee to Holders.

Within 60 days after each
                     ,
commencing                     , 20     , the Trustee shall transmit by mail to all Securityholders, 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 Securityholders 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 or delisted from 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, damages, losses, 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 or in connection with its acceptance of its obligations hereunder, as Trustee or Agent. The Trustee shall notify the Company
promptly of any claim for which it 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 one 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 finally adjudicated by a court of competent jurisdiction. 

To secure the Company’s payment obligations in this Section, the Trustee shall have a claim 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. 

  
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 The provisions of this Section shall survive the termination of this Indenture or 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 in writing at least 30 days prior to such removal. The Company may remove the Trustee with respect to Securities of one or more Series with at least 30 days written notice 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. 

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. Promptly
after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the claim 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 mail a notice of its succession to each
Securityholder 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. 

  
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 Section 7.9    Successor Trustee by Merger, Etc.

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation, the successor corporation without any further act shall be the successor Trustee, subject to Section 7.10. 

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 $50,000,000 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. 
 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, or 

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

(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 

  
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 (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, shall have 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 (as determined by the Company) for the purpose of paying and discharging each installment of principal (including mandatory sinking fund 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 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 satisfaction and discharge contemplated by this Section have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.7, and,
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 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
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

  
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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: 

(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; 

  
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 (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; 

(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 2.2.18 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 

  
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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 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; 

(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 (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, subject to customary exclusions, 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, covenant 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,
covenant defeasance and discharge 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, Securityholders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates
another person, and the Trustee shall have no further liability with respect to such money. 

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 

  
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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 or any Additional Amounts with respect to 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
Securityholder: 
 (a)    to cure any ambiguity, defect or inconsistency as evidenced by an Officer Certificate; 

(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 Securityholder; 

(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. 

  
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 Section 9.2    With Consent of Holders.

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 Securityholders of each such Series. Except as provided in
Section 6.13, 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. 

Section 9.3    Limitations.

Without the consent of each Securityholder 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; 

  
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 (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. 

Any amendment or waiver once effective shall bind every Securityholder 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 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 

  
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Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Officer’s Certificate or an Opinion of Counsel or both complying with
Section 10.4 and stating that the supplemental indenture is authorized or permitted by this Indenture and constitutes a legal valid and binding obligation of the Company, enforceable against it in accordance with its terms. 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. 
 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), facsimile transmission, email or overnight air courier guaranteeing next day delivery, to the others’ address: 

if to the Company: 
 NantKwest, Inc. 

3530 John Hopkins Court 
 San
Diego, California 92121     
 Attention: General Counsel     

with a copy to: 
 Wilson Sonsini
Goodrich & Rosati, Professional Corporation 
 12235 El Camino Real 

San Diego, California 92130 

Attention: Martin J. Waters 
 if to the
Trustee: 
 Attention:

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

  
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 Any notice or communication to a Securityholder shall be sent electronically or by
first-class mail to his 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 Securityholder of any Series or any defect in it shall not affect its
sufficiency with respect to other Securityholders 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 Securityholder receives it. 
 If the Company sends
a notice or communication to Securityholders, it shall send a copy to the Trustee and each Agent at the same time. 
 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.

Securityholders of any Series may communicate pursuant to TIA § 312(b) with other Securityholders 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; 

  
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 (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, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(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 Securityholders of one or more Series. Any Agent may make reasonable rules
and set reasonable requirements for its functions. 
 Section 10.7    Legal Holidays.

A “Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment
may be made at that place on the next succeeding day that is not a Legal Holiday, 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 Securityholder 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 PDF 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 PDF shall be deemed to be their original signatures
for all purposes. 
 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 

  
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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 NOTES 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, and 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. 

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 

  
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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 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. 

  
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 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 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 and 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. 
 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 

  
 -45- 

 
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. 

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

			
	NANTKWEST, INC.
		
	By:	 	 
		 	Name:
		 	Its:
		
	   
	 	   

	as Trustee
		
	By:	 	 
		 	Name:
		 	Its:

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