Document:

EX-4.1

 Exhibit 4.1 

PURCHASE CONTRACT AGREEMENT 

Dated as of November 21, 2022 

between 
 BROOKDALE
SENIOR LIVING INC. 
 and 

AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, 

as Purchase Contract Agent, 

as Attorney-in-Fact for the Holders from time to time as
provided herein 
 and as Trustee under the Indenture referred to herein 

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
	 ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	 
			
	 Section 1.01.
	 	Definitions	  	 	1	 
			
	 Section 1.02.
	 	Compliance Certificates and Opinions	  	 	12	 
			
	 Section 1.03.
	 	Notices	  	 	13	 
			
	 Section 1.04.
	 	Effect of Headings and Table of Contents	  	 	13	 
			
	 Section 1.05.
	 	Successors and Assigns	  	 	13	 
			
	 Section 1.06.
	 	Separability Clause	  	 	13	 
			
	 Section 1.07.
	 	Benefits of Agreement	  	 	13	 
			
	 Section 1.08.
	 	Governing Law	  	 	14	 
			
	 Section 1.09.
	 	Conflict with Indenture	  	 	14	 
			
	 Section 1.10.
	 	Legal Holidays	  	 	14	 
			
	 Section 1.11.
	 	Counterparts	  	 	14	 
			
	 Section 1.12.
	 	Inspection of Agreement	  	 	14	 
			
	 Section 1.13.
	 	Calculations	  	 	14	 
			
	 Section 1.14.
	 	UCC	  	 	14	 
			
	 Section 1.15.
	 	Waiver of Jury Trial	  	 	15	 
		
	 ARTICLE II UNIT AND PURCHASE CONTRACT FORMS
	  	 	15	 
			
	 Section 2.01.
	 	Forms of Units and Purchase Contracts Generally	  	 	15	 
			
	 Section 2.02.
	 	Form of Certificate of Authentication	  	 	16	 
			
	 Section 2.03.
	 	Global Securities; Separation of Units	  	 	16	 
			
	 Section 2.04.
	 	Recreation of Units	  	 	16	 
		
	 ARTICLE III THE UNITS AND PURCHASE CONTRACTS
	  	 	17	 
			
	 Section 3.01.
	 	Amount and Denominations	  	 	17	 
			
	 Section 3.02.
	 	Rights and Obligations Evidenced by the Equity-Linked Securities	  	 	17	 
			
	 Section 3.03.
	 	Execution, Authentication, Delivery and Dating	  	 	18	 
			
	 Section 3.04.
	 	Temporary Equity-Linked Securities	  	 	18	 
			
	 Section 3.05.
	 	Registration; Registration of Transfer and Exchange	  	 	19	 
			
	 Section 3.06.
	 	Book-Entry Interests	  	 	20	 
			
	 Section 3.07.
	 	Notices to Holders	  	 	20	 

  
 i 

 TABLE OF CONTENTS 

(cont.) 
  

							
	 	  	Page	 
	 Section 3.08.
	 	Appointment of Successor Depositary	  	 	20	 
			
	 Section 3.09.
	 	Definitive Securities	  	 	21	 
			
	 Section 3.10.
	 	Mutilated, Destroyed, Lost and Stolen Securities	  	 	21	 
			
	 Section 3.11.
	 	Persons Deemed Owners	  	 	22	 
			
	 Section 3.12.
	 	Cancellation	  	 	23	 
		
	 ARTICLE IV SETTLEMENT OF THE PURCHASE CONTRACTS
	  	 	24	 
			
	 Section 4.01.
	 	Settlement Rate	  	 	24	 
			
	 Section 4.02.
	 	Representations and Agreements of Holders	  	 	24	 
			
	 Section 4.03.
	 	Purchase Contract Settlement Fund	  	 	25	 
			
	 Section 4.04.
	 	Settlement Conditions	  	 	25	 
			
	 Section 4.05.
	 	Mandatory Settlement on the Mandatory Settlement Date	  	 	25	 
			
	 Section 4.06.
	 	Early Settlement	  	 	25	 
			
	 Section 4.07.
	 	Early Settlement Upon a Fundamental Change	  	 	28	 
			
	 Section 4.08.
	 	Early Mandatory Settlement at the Company’s Election	  	 	31	 
			
	 Section 4.09.
	 	[Reserved]	  	 	32	 
			
	 Section 4.10.
	 	Acceleration of Mandatory Settlement Date	  	 	32	 
			
	 Section 4.11.
	 	Registration of Underlying Shares and Transfer Taxes	  	 	32	 
			
	 Section 4.12.
	 	Return of Purchase Contract Settlement Fund	  	 	33	 
			
	 Section 4.13.
	 	No Fractional Shares	  	 	33	 
		
	 ARTICLE V ADJUSTMENTS
	  	 	33	 
			
	 Section 5.01.
	 	Adjustments to the Fixed Settlement Rates	  	 	33	 
			
	 Section 5.02.
	 	Reorganization Events	  	 	40	 
		
	 ARTICLE VI CONCERNING THE HOLDERS OF PURCHASE CONTRACTS
	  	 	42	 
			
	 Section 6.01.
	 	Evidence of Action Taken by Holders	  	 	42	 
			
	 Section 6.02.
	 	Proof of Execution of Instruments and of Holding of Securities	  	 	42	 
			
	 Section 6.03.
	 	Purchase Contracts Deemed Not Outstanding	  	 	42	 
			
	 Section 6.04.
	 	Right of Revocation of Action Taken	  	 	43	 
			
	 Section 6.05.
	 	Record Date for Consents and Waivers	  	 	43	 

  
 ii 

 TABLE OF CONTENTS 

(cont.) 
  

							
		
	 ARTICLE VII REMEDIES
	  	 	43	 
			
	 Section 7.01.
	 	Unconditional Right of Holders to Receive Shares of Common Stock	  	 	43	 
			
	 Section 7.02.
	 	Notice To Purchase Contract Agent; Limitation On Proceedings	  	 	44	 
			
	 Section 7.03.
	 	Restoration of Rights and Remedies	  	 	43	 
			
	 Section 7.04.
	 	Rights and Remedies Cumulative	  	 	44	 
			
	 Section 7.05.
	 	Delay or Omission Not Waiver	  	 	44	 
			
	 Section 7.06.
	 	Undertaking for Costs	  	 	44	 
			
	 Section 7.07.
	 	Waiver of Stay or Execution Laws	  	 	44	 
			
	 Section 7.08.
	 	Control by Majority	  	 	45	 
		
	 ARTICLE VIII THE PURCHASE CONTRACT AGENT AND THE TRUSTEE
	  	 	45	 
			
	 Section 8.01.
	 	Certain Duties and Responsibilities	  	 	45	 
			
	 Section 8.02.
	 	Notice of Default	  	 	45	 
			
	 Section 8.03.
	 	Certain Rights of Purchase Contract Agent	  	 	46	 
			
	 Section 8.04.
	 	Not Responsible for Recitals	  	 	48	 
			
	 Section 8.05.
	 	May Hold Units and Purchase Contracts	  	 	48	 
			
	 Section 8.06.
	 	Money Held in Custody	  	 	48	 
			
	 Section 8.07.
	 	Compensation, Reimbursement and Indemnification	  	 	48	 
			
	 Section 8.08.
	 	Corporate Purchase Contract Agent Required; Eligibility	  	 	49	 
			
	 Section 8.09.
	 	Resignation and Removal; Appointment of Successor	  	 	49	 
			
	 Section 8.10.
	 	Acceptance of Appointment by Successor	  	 	50	 
			
	 Section 8.11.
	 	Merger; Conversion; Consolidation or Succession to Business	  	 	50	 
			
	 Section 8.12.
	 	Preservation of Information; Communications to Holders	  	 	51	 
			
	 Section 8.13.
	 	No Other Obligations of Purchase Contract Agent or Trustee	  	 	51	 
			
	 Section 8.14.
	 	Tax Compliance	  	 	51	 
		
	 ARTICLE IX SUPPLEMENTAL AGREEMENTS
	  	 	52	 
			
	 Section 9.01.
	 	Supplemental Agreements Without Consent of Holders	  	 	52	 
			
	 Section 9.02.
	 	Supplemental Agreements with Consent of Holders	  	 	52	 
			
	 Section 9.03.
	 	Execution of Supplemental Agreements	  	 	53	 
			
	 Section 9.04.
	 	Effect of Supplemental Agreements	  	 	53	 
			
	 Section 9.05.
	 	Reference to Supplemental Agreements	  	 	53	 
			
	 Section 9.06.
	 	Notice of Supplemental Agreements	  	 	53	 

  
 iii 

 TABLE OF CONTENTS 

(cont.) 
  

							
	 	  	Page	 
	 ARTICLE X CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	 	53	 
			
	 Section 10.01.
	 	Covenant Not to Consolidate, Merge, Convey, Transfer or Lease Property Except Under Certain Conditions	  	 	53	 
			
	 Section 10.02.
	 	Rights and Duties of Successor Entity	  	 	54	 
			
	 Section 10.03.
	 	Officers’ Certificate and Opinion of Counsel Given to Purchase Contract Agent	  	 	54	 
		
	 ARTICLE XI COVENANTS OF THE COMPANY; OTHER AGREEMENTS
	  	 	54	 
			
	 Section 11.01.
	 	Performance Under Purchase Contracts	  	 	54	 
			
	 Section 11.02.
	 	Maintenance of Office or Agency	  	 	55	 
			
	 Section 11.03.
	 	Statements of Officers of the Company as to Default; Notice of Default	  	 	55	 
			
	 Section 11.04.
	 	Existence	  	 	55	 
			
	 Section 11.05.
	 	Company to Reserve Common Stock	  	 	55	 
			
	 Section 11.06.
	 	Covenants as to Common Stock	  	 	55	 
			
	 Section 11.07.
	 	Tax Treatment	  	 	56	 
			
	 Section 11.08.
	 	Withholding Matters.	  	 	56	 

  

			
	 EXHIBIT A FORM OF UNIT
	  	A-1
	 EXHIBIT B FORM OF PURCHASE CONTRACT
	  	B-1

  
 iv 

 PURCHASE CONTRACT AGREEMENT, dated as of November 21, 2022 between BROOKDALE SENIOR
LIVING INC., a Delaware corporation (the “Company”) and AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, a New York limited liability trust company acting as purchase contract agent and attorney-in-fact for the Holders of Purchase Contracts (as defined herein) from time to time (the “Purchase Contract Agent”) and as trustee under the Indenture (as defined herein). 

RECITALS OF THE COMPANY 
 The
Company has duly authorized the execution and delivery of this Agreement and the Units and Purchase Contracts issuable hereunder. 
 All
things necessary to make the Units and the Purchase Contracts, when such are executed by the Company, and authenticated and delivered by the Purchase Contract Agent, as provided in this Agreement, the valid obligations of the Company and to
constitute this Agreement a valid agreement of the Company, in accordance with its terms, have been done. For and in consideration of the premises and the purchase of the Units (including the constituent parts thereof) by the Holders thereof, it is
mutually agreed as follows: 
 ARTICLE I 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 1.01. Definitions. For all purposes of this Agreement, except as otherwise expressly provided or unless the context
otherwise requires: 
 (a) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as
well as the singular, and nouns and pronouns of the masculine gender include the feminine and neuter genders; 
 (b) all accounting terms
not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles in the United States; 

(c) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a
whole and not to any particular Article, Section, Exhibit or other subdivision; and 
 (d) the following terms have the meanings given to
them in this Section 1.01(d): 
 “Acceleration Date” has the meaning set forth in Section 4.10. 

“Affiliate” means, when used with reference to a specified Person, any Person directly or indirectly controlling, or
controlled by or under direct or indirect common control with the Person specified. 
 “Agreement” means this instrument as
originally executed or as it may from time to time be supplemented or amended by one or more agreements supplemental hereto entered into pursuant to the applicable provisions hereof. 

“Applicable Market Value” (i) with respect to Common Stock, means the arithmetic average of the Daily VWAPs of the Common
Stock on each of the Trading Days during the applicable Market Value Averaging Period, subject to adjustment as provided in Article 5 and (ii) with respect to any Exchange Property, has the meaning set forth in Section 5.02(a). 

 “Applicants” has the meaning set forth in Section 8.12(b). 

“Bankruptcy Event” means the occurrence of one or more of the following events: 

(a) a decree or order by a court having jurisdiction in the premises shall have been entered adjudging the Company a bankrupt or insolvent
entity, or approving as properly filed a petition seeking reorganization of the Company under any Bankruptcy Law and if such decree or order shall have been entered more than 90 days prior to the last Trading Day of the 20 consecutive Trading Day
period during which the Applicable Market Value is determined, such decree or order shall have continued undischarged and unstayed for a period of 90 days; 

(b) a decree or order by a court having jurisdiction in the premises for the appointment of a receiver or liquidator or trustee or assignee
(or other similar official) in bankruptcy or insolvency of the Company or of all or substantially all of its property, or for the winding up or liquidation of its affairs, shall have been entered and if such decree or order shall have been entered
more than 90 days prior to the last Trading Day of the 20 consecutive Trading Day period during which the Applicable Market Value is determined, such decree or order shall have continued undischarged and unstayed for a period of 90 days; or 

(c) the Company shall institute proceedings to be adjudicated a voluntary bankrupt, or shall consent to the filing of a bankruptcy proceeding
against it, or shall file a petition or answer or consent seeking reorganization under any Bankruptcy Law, or shall consent to the filing of any such petition, or shall consent to the appointment of a receiver or liquidator or trustee or assignee
(or other similar official) in bankruptcy or insolvency of it or of its property, or shall make an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they become due. 

“Bankruptcy Law” means title 11 of the United States Code, as amended, or any similar federal or state law for the relief of
debtors. 
 “Beneficial Holder” means, with respect to a Book-Entry Interest, a Person who is the beneficial owner of such
Book-Entry Interest as reflected on the books of the Depositary or on the books of a Person maintaining an account with the Depositary (directly as a Depositary Participant or as an indirect participant, in each case in accordance with the rules of
the Depositary). 
 “Bid Solicitation Agent” means the Company or the Person appointed by the Company to solicit bids for
the Trading Price of the Units in accordance with Section 4.06(b)(ii). The Company shall initially act as the Bid Solicitation Agent. 

“Board of Directors” means the board of directors of the Company or any duly authorized committee of that board or any
director or directors and/or, with respect to the Notes, any officer or officers to whom that board or committee shall have duly delegated its authority. 

“Board Resolution” means one or more resolutions, certified by the secretary or an assistant secretary of the Company to have
been duly adopted or consented to by the Board of Directors and to be in full force and effect delivered to the Purchase Contract Agent. 

  
 2 

 “Book-Entry Interest” means a beneficial interest in a Global Security,
registered in the name of a Depositary or a nominee thereof, ownership and transfers of which shall be maintained and made through book entries by such Depositary as described in Section 3.06. 

“Business Day” means any day other than a Saturday, Sunday or any day on which banking institutions in New York, New York are
authorized or obligated by applicable law or executive order to close or be closed. 
 “Capital Stock” means, with respect
to any Person, any and all shares, interests, participations or other equivalents (however designated) of or in such Person’s capital stock or other equity interests, and options, rights or warrants to purchase such capital stock or other
equity interests, whether now outstanding or issued after the Issue Date. 
 “Certificate of Incorporation” means the
Amended and Restated Certificate of Incorporation of the Company as in effect on the Issue Date. 
 “Clearing Agency” means
an organization registered as a “Clearing Agency” pursuant to Section 17A of the Exchange Act. 
 “close of
business” means 5:00 p.m. (New York City time). 
 “Closing Price” means with respect to a share of Common Stock
on any date the closing sale price per share (or if no closing sale price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices) on that date as reported in
composite transactions for the principal U.S. national or regional securities exchange on which the Common Stock is traded; or if the Common Stock is not listed for trading on a U.S. national or regional securities exchange on the relevant date, the
last quoted bid price for the Common Stock in the over-the-counter market on the relevant date as reported by the OTC Markets Group Inc. or a similar organization; or if
the Common Stock is not so quoted, the average of the mid-point of the last bid and ask prices for the Common Stock on the relevant date from each of at least three nationally recognized independent investment
banking firms selected by the Company for this purpose. The “Closing Price” will be determined without regard to after-hours trading or any other trading outside of regular trading session hours. 

“Code” means the Internal Revenue Code of 1986 (title 26 of the United States Code), as amended from time to time. 

“Common Stock” means the common stock, par value $0.01 per share, of the Company as it existed on the date of this Agreement,
subject to Section 5.02. 
 “Company” means the Person named as the “Company” in the first paragraph of this
Agreement until a successor shall have become such pursuant to Article 10, and thereafter “Company” shall mean such successor or the issuer of any Exchange Property, as the context may require. 

“Component Note” means a Note, in certificated form and attached to a Global Unit, that (a) shall evidence the number of
Notes specified therein that are components of the Units evidenced by such Global Unit, (b) shall be registered on the security register for the Notes in the name of the Purchase Contract Agent, as attorney-in-fact of holder(s) of the Units of which such Notes form a part, and (c) shall be held by the Purchase Contract Agent as
attorney-in-fact of such holder(s), together with such Global Unit, as custodian of such Global Unit for the Depositary. 

  
 3 

 “Component Purchase Contract” means a Purchase Contract, in certificated
form and attached to a Global Unit, that (a) shall evidence the number of Purchase Contracts specified therein that are components of the Units evidenced by such Global Unit, (b) shall be registered on the Security Register in the name of
the Purchase Contract Agent, as attorney-in-fact of holder(s) of the Units of which such Purchase Contract forms a part, and (c) shall be held by the Purchase
Contract Agent as attorney-in-fact of such holder(s), together with such Global Unit, as custodian of such Global Unit for the Depositary. 

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

“Corporate Trust Office” means the principal corporate trust office of the Purchase Contract Agent at which, at any
particular time, its corporate trust business shall be principally administered, which office at the date hereof is located at 6201 15th Avenue, Brooklyn, New York 11219, Attention: Corporate Trust Department. 

“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

“Daily VWAP” of the Common Stock on any Trading Day means such price per share as displayed under the heading “Bloomberg
VWAP” on Bloomberg (or any successor service) page BKD.US <Equity> AQR (or its equivalent successor if such page is not available) in respect of the period from the scheduled open of trading to 4:00 p.m., New York City time, on such
Trading Day; or, if such price is not available, the market value per share of the Common Stock on such Trading Day as determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained by the
Company for this purpose. The “Daily VWAP” shall be determined without regard to after-hours trading or any other trading outside of the regular trading session trading hours. 

“default” means any failure to comply with terms of this Agreement or any covenant contained herein. 

“Definitive Equity-Linked Security” means an Equity-Linked Security in definitive form. 

“Definitive Security” means any Security in definitive form. 

“Depositary” means a Clearing Agency that is acting as a depositary for the Equity-Linked Securities and in whose name, or in
the name of a nominee of that organization, shall be registered one or more Global Securities and which shall undertake to effect book-entry transfers of the Equity-Linked Securities as contemplated by Section 3.06, Section 3.07,
Section 3.08 and Section 3.09. 
 “Depositary Participant” means a broker, dealer, bank, other financial
institution or other Person for whom from time to time the Depositary effects book-entry transfers of securities deposited with the Depositary. 

  
 4 

 “Determination Date” means each of (a) in the case of a settlement of
Purchase Contracts on the Mandatory Settlement Date, the last Trading Day of the 20 consecutive Trading Day period during which the Applicable Market Value is determined, (b) in the case of any Early Settlement pursuant to Section 4.06
(but not Section 4.07), (x) for purposes of Section 3.02, such Early Settlement Date and (y) for all other purposes under this Agreement, the last Trading Day of the 20 consecutive Trading Day period during which the Applicable Market
Value is determined, (c) in the case of any Early Mandatory Settlement Notice Date, (x) for purposes of Section 3.02, such Early Mandatory Settlement Notice Date, and (y) for all other purposes under this Agreement, the last
Trading Day of the 20 consecutive Trading Day period during which the Applicable Market Value is determined, (d) in the case of any Fundamental Change Early Settlement Date, such Fundamental Change Early Settlement Date, and (e) in the
case of any Acceleration Date, (x) for purposes of Section 3.02, such Acceleration Date and (y) for all other purposes under this Agreement, the last Trading Day of the 20 consecutive Trading Day period during which the Applicable
Market Value is determined. 
 “DTC” means The Depository Trust Company. 

“Early Mandatory Settlement Date” has the meaning set forth in Section 4.08(a). 

“Early Mandatory Settlement Notice” has the meaning set forth in Section 4.08(b). 

“Early Mandatory Settlement Notice Date” has the meaning set forth in Section 4.08(b)(ii). 

“Early Mandatory Settlement Rate” shall be the Early Settlement Rate that would apply in respect of a Purchase Contract that
a Holder elected to settle early pursuant to Section 4.06 as if the reference to “the relevant Early Settlement Date” in clause (ii) of the definition of Market Value Averaging Period were a reference to “the Early Mandatory
Settlement Notice Date.” 
 “Early Mandatory Settlement Right” has the meaning set forth in Section 4.08(a). 

“Early Settlement” means, in respect of any Purchase Contract, that the Holder of such Purchase Contract has elected to
settle such Purchase Contract early pursuant to Section 4.06 or Section 4.07, as the case may be. 
 “Early Settlement
Date” has the meaning set forth in Section 4.06(d). 
 “Early Settlement Notice” has the meaning set forth in
Section 4.06(b)(i). 
 “Early Settlement Rate” means, for any Purchase Contract in respect of which Early Settlement
is applicable, the number of shares of Common Stock per Purchase Contract equal to the Settlement Rate, unless the Holder of such Purchase contract has elected to settle such Purchase Contract early in connection with a Fundamental Change pursuant
to Section 4.07, in which case the “Early Settlement Rate” for such Purchase Contract means the Fundamental Change Early Settlement Rate. 

“Early Settlement Right” has the meaning set forth in Section 4.06(a). 

“Effective Date” has the meaning set forth in Section 4.07(d), except that, as used in Section 5.01,
“Effective Date” means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, reflecting the relevant share split or share combination, as applicable. 

“Equity-Linked Security” means a Unit or a Purchase Contract, as applicable. 

  
 5 

 “Ex-Dividend Date” means the first
date on which the shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the
seller of the Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and any statute successor thereto, in each case as
amended from time to time, together with the rules and regulations promulgated thereunder. 
 “Exchange Property” has the
meaning set forth in Section 5.02(a). 
 “Fair Market Value” means, with respect to any asset, the price (after taking
into account any liabilities relating to such assets) that would be negotiated in an arm’s-length transaction for cash between a willing seller and a willing and able buyer, neither of which is under any
compulsion to complete the transaction, as such price is determined in good faith by the Board of Directors, as evidenced by a Board Resolution. 

“Fixed Settlement Rate” has the meaning set forth in Section 4.01(b). 

A “Fundamental Change” shall be deemed to have occurred upon the occurrence of any of the following: 

(a) any “person” or “group” within the meaning of Section 13(d) of the Exchange Act, other than the Company, any of
its Subsidiaries and any of the Company’s and its Subsidiaries’ employee benefit plans, files a Schedule TO or any other schedule, form or report under the Exchange Act disclosing that such person or group has become the direct or indirect
“beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of more than 50% of the voting power of the outstanding shares of the Common Stock. 

(b) the consummation of (A) any recapitalization, reclassification or change of the Common Stock (other than changes resulting from a
subdivision or combination) as a result of which the Common Stock would be converted into, or exchanged for, stock, other securities, other property or assets; (B) any share exchange, consolidation or merger of the Company pursuant to which the
Common Stock will be converted into cash, securities or other property or assets; or (C) any sale, lease or other transfer in one transaction or a series of transactions of all or substantially all of the consolidated assets of the Company and
its Subsidiaries, taken as a whole, to any person other than one of the Company’s Wholly Owned Subsidiaries; 
 (c) the common
stockholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company; or 
 (d) the Common Stock (or
other common stock receivable upon settlement of the Purchase Contracts, if applicable) ceases to be listed or quoted on any of the NYSE, the Nasdaq Global Select Market or the Nasdaq Global Market (or any of their respective successors). 

A transaction or transactions described in clause (a) or clause (b) above shall not constitute a Fundamental Change, however, if at
least 90% of the consideration received or to be received by the common stockholders of the Company (excluding cash payments for fractional shares and cash payments made in respect of dissenters’ statutory appraisal rights) in connection with
such transaction or transactions consists of shares of common stock that are listed or quoted on any of the NYSE, the Nasdaq 

  
 6 

 
Global Select Market or the Nasdaq Global Market (or any of their respective successors), or will be so listed or quoted when issued or exchanged in connection with such transaction or
transactions, and as a result of such transaction or transactions such consideration becomes the consideration receivable upon settlement of the Purchase Contracts, if applicable, excluding cash payments for fractional shares and cash payments made
in respect of dissenters’ statutory appraisal rights. 
 If any transaction in which the Common Stock is replaced by the securities of
another Person occurs, following completion of any related Fundamental Change Early Settlement Period (or, in the case of a transaction that would have been a Fundamental Change but for the immediately preceding paragraph, following the Effective
Date of such transaction), references to the Company in the definition of “Fundamental Change” above shall instead be references to such other Person. 

“Fundamental Change Early Settlement Date” has the meaning set forth in Section 4.07(b). 

“Fundamental Change Early Settlement Period” has the meaning set forth in Section 4.07(a). 

“Fundamental Change Early Settlement Rate” has the meaning set forth in Section 4.07(d). 

“Fundamental Change Early Settlement Right” has the meaning set forth in Section 4.07(a).“Global Note”
means a Note, as defined in the Indenture, in global form that (a) shall evidence the number of Separate Notes specified therein, (b) shall be registered on the security register for the Notes in the name of the Depositary or its nominee,
and (c) shall be held by the Trustee as custodian for the Depositary. 
 “Global Purchase Contract” means a Purchase
Contract in global form that (a) shall evidence the number of Separate Purchase Contracts specified therein, (b) shall be registered on the Security Register in the name of the Depositary or its nominee, and (c) shall be held by the
Purchase Contract Agent as custodian for the Depositary. 
 “Global Security” means a Global Unit, a Global Purchase
Contract or a Global Note, as applicable. 
 “Global Unit” means a Unit in global form that (a) shall evidence the
number of Units specified therein, (b) shall be registered on the Security Register in the name of the Depositary or its nominee, (c) shall include, as attachments thereto, a Component Note and a Component Purchase Contract, evidencing,
respectively, a number of Notes and a number of Purchase Contracts, in each case, equal to the number of Units evidenced by such Unit in global form, and (d) shall be held by the Purchase Contract Agent as custodian for the Depositary. 

“Holder” means, with respect to a Unit or Purchase Contract, the Person in whose name the Unit or Purchase Contract, as the
case may be, is registered in the Security Register, and with respect to a Note, the Person in whose name the Note is registered as provided for in the Indenture. 

“Indenture” means the Indenture, dated as of the Issue Date between the Company and the Trustee (including any provisions of
the TIA that are deemed incorporated therein), as supplemented by the First Supplemental Indenture, to be dated as of the Issue Date, between the Company and the Trustee, pursuant to which the Notes will be issued. 

  
 7 

 “Installment Payment” has the meaning set forth in the Indenture. 

“Issue Date” means November 21, 2022. 

“Issuer Order” means a written statement, request or order of the Company, which is signed in its name by the chairman of the
Board of Directors, the chief financial officer, the president or chief executive officer, any senior vice president, any vice president or the treasurer of the Company, and delivered to the Purchase Contract Agent and/or the Trustee. 

“Mandatory Settlement Date” means the Scheduled Mandatory Settlement Date, subject to acceleration pursuant to
Section 4.10; provided that, if one or more of the 20 consecutive Scheduled Trading Days beginning on, and including, the 21st Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date is not a Trading Day, the
“Mandatory Settlement Date” shall be postponed until the second Scheduled Trading Day immediately following the last Trading Day of the 20 consecutive Trading Day period during which the Applicable Market Value is determined. 

“Market Disruption Event” means (i) a failure by the primary U.S. national or regional securities exchange or market on
which the Common Stock is listed or admitted for trading to open for trading during its regular trading session or (ii) the occurrence or existence prior to 1:00 p.m., New York City time, on any Scheduled Trading Day for the Common Stock for
more than one half-hour period in the aggregate during regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or otherwise) in the Common
Stock or in any options contracts or futures contracts relating to the Common Stock. 
 “Market Value Averaging Period”
means (i) in the case of settlement pursuant to Section 4.05, the 20 consecutive Trading Days beginning on, and including, the 21st Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date and (ii) in the
case of any Early Settlement pursuant to Section 4.06 (but not Section 4.07), the 20 consecutive Trading Days beginning on, and including, the 21st Trading Day immediately preceding the relevant Early Settlement Date. 

“Maximum Settlement Rate” has the meaning set forth under Section 4.01(a)(iii), subject to adjustment pursuant to the
terms of Article 5. 
 “Measurement Period” has the meaning set forth under Section 4.06(b)(ii). 

“Minimum Settlement Rate” has the meaning set forth under Section 4.01(a)(i), subject to adjustment pursuant to the
terms of Article 5. 
 “Minimum Stock Price” has the meaning set forth under Section 4.07(f). 

“Notes” means the series of notes designated as the 10.25% Senior Amortizing Notes due 2025 to be issued by the Company under
the Indenture, and “Note” means each note of such series having an initial principal amount of $8.8996. 

“NYSE” means the New York Stock Exchange. 

“Officers’ Certificate” means a certificate signed by the chairman of the Board of Directors, the president or chief
executive officer, or any vice president and by the chief financial officer, the treasurer, any assistant treasurer, the controller, any assistant controller, the secretary or any assistant secretary of the Company. Each such certificate shall
include the statements provided for in Section 1.02 if and to the extent required by the provisions of such Section 1.02. 

  
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 “open of business” means 9:00 a.m. (New York City time). 

“Opinion of Counsel” means an opinion in writing signed by the chief counsel of the Company or by such other legal counsel
who may be an employee of or counsel to the Company and who shall be reasonably satisfactory to the Purchase Contract Agent and/or the Trustee, as applicable. Each such opinion shall include the statements provided for in Section 1.02 if and to
the extent required by the provisions of such Section 1.02. 
 “Outstanding Purchase Contracts” means, subject to the
provisions of Section 6.03, as of the date of determination, all Purchase Contracts theretofore executed, authenticated and delivered under this Agreement (including, for the avoidance of doubt, Purchase Contracts held as a component of Units
and Separate Purchase Contracts), except: 
 (a) Purchase Contracts theretofore cancelled by the Purchase Contract Agent or delivered to the
Purchase Contract Agent for cancellation or deemed cancelled pursuant to the provisions of this Agreement; and 
 (b) Purchase Contracts in
exchange for or in lieu of which other Purchase Contracts have been executed, authenticated and delivered pursuant to this Agreement, other than any such Purchase Contract in respect of which there shall have been presented to the Purchase Contract
Agent proof satisfactory to it that such Purchase Contract is held by a protected purchaser in whose hands the Purchase Contracts are valid obligations of the Company. 

“Person” means any individual, corporation, limited liability company, partnership, joint venture, association, joint stock
company, trust, estate, unincorporated organization or government or any agency or political subdivision thereof. 
 “Prospectus
Supplement” means the preliminary prospectus supplement dated November 16, 2022, as supplemented by the pricing term sheet dated November 16, 2022, relating to the offering and sale of the Units. 

“Purchase Contract” means a prepaid stock purchase contract obligating the Company to deliver shares of Common Stock on the
terms and subject to the conditions set forth herein. 
 “Purchase Contract Agent” means the Person named as the
“Purchase Contract Agent” in the first paragraph of this Agreement until a successor Purchase Contract Agent shall have become such pursuant to Article 8, and thereafter “Purchase Contract Agent” shall mean such Person. 

“Purchase Contract Settlement Fund” has the meaning set forth in Section 4.03. 

“Record Date” means, when used with respect to any dividend, distribution or other transaction or event in which the holders
of the Common Stock (or other applicable security) have the right to receive any cash, securities or other property or in which the Common Stock (or such other security) is exchanged for or converted into any combination of cash, securities or other
property, the date fixed for determination of holders of the Common Stock (or such other security) entitled to receive such cash, securities or other property (whether such date is fixed by the Company, statute, contract or otherwise). 

“Reference Price” means the Stated Amount, divided by the Maximum Settlement Rate (rounded to the nearest $0.0001),
which as of the Issue Date is approximately equal to $3.29. 

  
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 “Reorganization Event” has the meaning set forth in Section 5.02(a).

 “Repurchase Date” has the meaning set forth in the Indenture. 

“Repurchase Price” has the meaning set forth in the Indenture. 

“Repurchase Right” has the meaning set forth in the Indenture. 

“Responsible Officer” means any officer of the Purchase Contract Agent with direct responsibility for the administration of
this Agreement. 
 “Scheduled Mandatory Settlement Date” means November 15, 2025. 

“Scheduled Trading Day” means a day that is scheduled to be a Trading Day on the NYSE or, if the Common Stock is not then
listed on the NYSE, on the principal other U.S. national or regional securities exchange on which the Common Stock is then listed or, if the Common Stock is not then listed on a U.S. national or regional securities exchange, on the principal other
market on which the Common Stock then traded. If the Common Stock is not so listed or admitted for trading, “Scheduled Trading Day” means a Business Day. 

“Securities Act” means the Securities Act of 1933, as amended, and any statute successor thereto, in each case as amended
from time to time, and the rules and regulations promulgated thereunder. 
 “Security” means a Unit, a Purchase Contract or
a Note, as applicable. 
 “Security Register” has the meaning set forth in Section 3.05. 

“Security Registrar” has the meaning set forth in Section 3.05. 

“Separate Note” has the meaning set forth in Section 2.03(a). 

“Separate Purchase Contract” has the meaning set forth in Section 2.03(a). 

“Settlement Date” means (i) the second Business Day following any Fundamental Change Early Settlement Date,
(ii) the second Business Day following any Early Settlement Date, (iii) any Early Mandatory Settlement Date, or (iv) the Mandatory Settlement Date. 

“Settlement Rate” has the meaning set forth in Section 4.01(a). 

“Spin-Off” has the meaning set forth in Section 5.01(a)(iii)(B). 

“Stated Amount” means $50.00. 

“Stock Price” has the meaning set forth in Section 4.07(d). 

“Subsidiary” of any Person means any corporation or other entity of which a majority of the Capital Stock having ordinary
voting power to elect a majority of the board of directors or other Persons performing similar functions of such corporation or other entity is at the time directly or indirectly owned or controlled by such Person. 

  
 10 

 “Threshold Appreciation Price” means an amount equal to the Stated Amount,
divided by the Minimum Settlement Rate (rounded to the nearest $0.0001), which as of the Issue Date is approximately equal to $3.87. 

“TIA” means the Trust Indenture Act of 1939, as amended from time to time. 

“Trading Day” for purposes of determining any consideration due at settlement of a Purchase Contract means a day on which
(i) there is no Market Disruption Event and (ii) trading in the Common Stock (or other security for which a Daily VWAP must be determined) generally occurs on the NYSE or, if the Common Stock (or such other security) is not then listed on
the NYSE, on the principal other U.S. national or regional securities exchange on which the Common Stock (or such other security) is then listed or, if the Common Stock (or such other security) is not then listed on a U.S. national or regional
securities exchange, on the principal other market on which the Common Stock (or such other security) is then traded, or if the Common Stock (or such other security) is not so listed or traded, “Trading Day” means a Business Day.
“Trading Day” for all other purposes (including, for the avoidance of doubt, Section 5.01) means a day on which (i) trading in the Common Stock (or other security for which a closing sale price must be determined)
generally occurs on the NYSE or, if the Common Stock (or such other security) is not then listed on the NYSE, on the principal other U.S. national or regional securities exchange on which the Common Stock (or such other security) is then listed or,
if the Common Stock (or such other security) is not then listed on a U.S. national or regional securities exchange, on the principal other market on which the Common Stock (or such other security) is then traded, and (ii) a Closing Price for
the Common Stock (or closing sale price for such other security) is available on such securities exchange or market, or if the Common Stock (or such other security) is not so listed or traded, “Trading Day” means a Business Day.

 “Trading Price” of the Units on any date of determination means the average of the secondary market bid quotations
obtained by the Bid Solicitation Agent for 20,000 Units at approximately 3:30 p.m., New York City time, on such determination date from three independent nationally recognized securities dealers the Company selects for this purpose; provided
that if three such bids cannot reasonably be obtained by the Bid Solicitation Agent but two such bids are obtained, then the average of the two bids shall be used, and if only one such bid can reasonably be obtained by the Bid Solicitation Agent,
that one bid shall be used. If the Bid Solicitation Agent cannot reasonably obtain at least one bid for 20,000 Units from a nationally recognized securities dealer, then the Trading Price per Unit shall be deemed to be less than 97% of the product
of the Closing Price of the Common Stock and the Maximum Settlement Rate. If (x) the Company is not acting as Bid Solicitation Agent, and the Company does not, when the Company is required to, instruct the Bid Solicitation Agent to obtain bids,
or if the Company gives such instruction to the Bid Solicitation Agent, and the Bid Solicitation Agent fails to make such determination, or (y) the Company is acting as Bid Solicitation Agent and the Company fails to make such determination,
then, in either case, the Trading Price per Unit shall be deemed to be less than 97% of the product of the Closing Price of the Common Stock and the Maximum Settlement Rate on each Trading Day of such failure. 

“Trustee” means American Stock Transfer & Trust Company, LLC, as trustee under the Indenture, or any successor
thereto. 
 “Unit” means the collective rights of a Holder of a unit consisting of a single Purchase Contract and a single
Note prior to separation pursuant Section 2.03 or subsequent to recreation pursuant to Section 2.04. 
 “Valuation
Period” has the meaning set forth in Section 5.01(a)(iii)(B). 

  
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 “Wholly Owned Subsidiary” means, with respect to any Person, any Subsidiary
of such Person, except that, solely for the purposes of this definition, the reference to “a majority of the Capital Stock” in the definition of “Subsidiary” shall be deemed replaced by a reference to “all of the Capital
Stock”. 
 Section 1.02. Compliance Certificates and Opinions. Except as otherwise expressly provided by this
Agreement, upon any application or request by the Company to the Purchase Contract Agent and/or Trustee to take any action in accordance with any provision of this Agreement, the Company shall furnish to the Purchase Contract Agent and/or Trustee,
as applicable, an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Agreement relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such
counsel, all such conditions precedent, if any, have been complied with. 
 Every Officers’ Certificate or opinion with respect to
compliance with a condition or covenant provided for in this Agreement shall include: 
 (i) a statement that each individual signing such
Officers’ Certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (ii) a brief
statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such Officers’ Certificate or opinion are based; 

(iii) a statement that, in the opinion of each such individual, he or she has made such examination or investigation as is necessary to enable
such individual to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (iv) a
statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 Any certificate,
statement or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of or representations by counsel, unless such officer knows that the certificate or opinion or representations with
respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. Any certificate, statement or opinion of counsel may be
based, insofar as it relates to factual matters, on information with respect to which is in the possession of the Company as applicable, upon the certificate, statement or opinion of or representations by an officer or officers of the Company unless
such counsel knows that the certificate, statement or opinion or representations with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know
that the same are erroneous. 
 Any certificate, statement or opinion of an officer of the Company, as applicable, or of counsel may be
based, insofar as it relates to accounting matters, upon a certificate or opinion of or representations by an accountant or firm of accountants in the employ of the Company, as applicable, unless such officer or counsel, as the case may be, knows
that the certificate or opinion or representations with respect to the accounting matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are
erroneous. 
 Any certificate or opinion of any independent firm of public accountants filed with and directed to the Purchase Contract
Agent and/or Trustee shall contain a statement that such firm is independent. 

  
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 Section 1.03. Notices. Any notice or demand which by any provision of this
Agreement is required or permitted to be given or served by the Purchase Contract Agent or by the Holders to or on the Company may be given or served by being deposited postage prepaid, first class mail (except as otherwise specifically provided
herein) addressed (until another address of the Company is filed by the Company with the Purchase Contract Agent) to Brookdale Senior Living Inc., 111 Westwood Place, Suite 400, Brentwood, TN 37027, Attention: General Counsel. Any notice, direction,
request or demand by the Company or any Holder to or upon the Purchase Contract Agent or the Trustee shall be deemed to have been sufficiently given or served by being deposited postage prepaid, first class mail (except as otherwise specifically
provided herein) addressed (until another address of the Purchase Contract Agent or Trustee is filed by the Purchase Contract Agent or Trustee with the Company) to American Stock Transfer & Trust Company, LLC, 48 Wall Street, 22nd Floor, New York, New York 10005, Attention: Legal Department; provided that, in the case of delivery to the Purchase Contract Agent of any Early Settlement Notice in respect of a Definitive
Equity-Linked Security, such Holder also sends a copy of such Early Settlement Notice by email to cwhite@brookdale.com. 
 Where this
Agreement provides for notice to Holders, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first class postage prepaid, to each Holder entitled thereto, at his last address as it appears
in the Security Register; provided, however, that, in the case of a Global Unit or Global Purchase Contract, electronic notice may be given to the Depositary, as the Holder thereof, in accordance with the applicable procedures of the
Depositary. Where this Agreement provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers
of notice by Holders shall be filed with the Purchase Contract Agent, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

In case, by reason of the suspension of or irregularities in regular mail service, it shall be impracticable to mail notice to the Company
when such notice is required to be given pursuant to any provision of this Agreement, then any manner of giving such notice as shall be reasonably satisfactory to the Purchase Contract Agent shall be deemed to be sufficient notice. 

Section 1.04. Effect of Headings and Table of Contents. The Article and Section headings herein and in the Table of Contents are
for convenience only and shall not affect the construction hereof. 
 Section 1.05. Successors and Assigns. All covenants and
agreements in this Agreement by the Company and the Purchase Contract Agent shall bind their respective successors and assigns, whether so expressed or not. 

Section 1.06. Separability Clause. In case any provision in this Agreement or in the Purchase Contracts shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof and thereof shall not in any way be affected or impaired thereby. 

Section 1.07. Benefits of Agreement. Nothing contained in this Agreement or in the Purchase Contracts, express or implied, shall
give to any Person, other than the parties hereto and their successors hereunder and, to the extent provided hereby, the Holders, any benefits or any legal or equitable right, remedy or claim under this Agreement. The Holders from time to time shall
be beneficiaries of this Agreement and shall be bound by all of the terms and conditions hereof and of the Purchase Contracts by their acceptance of delivery of such Purchase Contracts. 

  
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 Section 1.08. Governing Law. This Agreement, the Units and the Purchase
Contracts shall be construed in accordance with and governed by the laws of the State of New York. 
 Section 1.09. Conflict with
Indenture. To the extent that any provision of this Purchase Contract Agreement relating to the Notes conflicts with or is inconsistent with the Indenture, the Indenture shall govern. 

Section 1.10. Legal Holidays. In any case where any Settlement Date shall not be a Business Day, notwithstanding any other
provision of this Agreement or the Purchase Contracts, the settlement of the Purchase Contracts shall not be effected on such date, but instead shall be effected on the next succeeding Business Day with the same force and effect as if made on such
Settlement Date, and no interest or other amounts shall accrue or be payable by the Company or to any Holder in respect of such delay. 

Section 1.11. Counterparts. This Agreement may be executed in any number of counterparts by the parties hereto on separate
counterparts, each of which, when so executed and delivered, shall be deemed an original, but all such counterparts shall together constitute one and the same instrument. 

Section 1.12. Inspection of Agreement. Unless a conformed copy of this Agreement has been filed on the EDGAR system of the
U.S. Securities and Exchange Commission, a copy of this Agreement shall be available at all reasonable times during normal business hours at Brookdale Senior Living Inc., 111 Westwood Place, Suite 400, Brentwood, TN 37027 for inspection by any
Holder or Beneficial Holder. 
 Section 1.13. Calculations. Except as expressly set forth herein, the solicitation of any
necessary bids and the performance of any calculations to be made hereunder and under the Units and Purchase Contracts shall be the sole obligation of the Company, and the Purchase Contract Agent shall have no obligation to make, review or verify
such calculations. These calculations include, but are not limited to, determination of the applicable Settlement Rate, the Fixed Settlement Rates, the Early Settlement Rate, the Early Mandatory Settlement Rate, the Fundamental Change Early
Settlement Rate, the Applicable Market Value, the Closing Price, the Daily VWAP and the Current Market Price, as the case may be. All such calculations made by the Company or its agent hereunder shall be made in good faith and, absent manifest
error, be final and binding on the Purchase Contract Agent, the Trustee, each Paying Agent and the Holders. For any calculations to be made by the Company or its agent hereunder, the Company shall provide a schedule of such calculations to the
Purchase Contract Agent and the Trustee, and each of the Purchase Contract Agent and the Trustee shall be entitled to conclusively rely upon the accuracy of the calculations by the Company or its agent without independent verification, shall have no
liability with respect thereto and shall have no liability to the Holders for any loss any of them may incur in connection with no independent verification having been done. Furthermore, the Purchase Contract Agent shall not be under any duty or
responsibility to determine whether any facts exist which may require any adjustment hereunder, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed. 

Section 1.14. UCC. Each Purchase Contract (whether or not included in a Unit) is a security governed by Article 8 of the Uniform
Commercial Code as in effect in the State of New York on the date hereof. 

  
 14 

 Section 1.15. Waiver of Jury Trial. Each of the Company, the Purchase Contract
Agent and the Trustee waives its respective rights to trial by jury in any action or proceeding arising out of or related to the Purchase Contracts, this Agreement or the transactions contemplated hereby, to the maximum extent permitted by law. 

ARTICLE II 
 UNIT AND
PURCHASE CONTRACT FORMS 
 Section 2.01. Forms of Units and Purchase Contracts Generally. (a) The Units and Purchase
Contracts shall be in substantially the forms set forth in Exhibit A and Exhibit B hereto, respectively, which shall be incorporated in and made a part of this Purchase Contract Agreement, with such letters, numbers or other marks of identification
or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of any securities exchange on which the Units or Purchase Contracts, as the case may be, are (or may in the future be) listed
or any depositary therefor, or as may, consistently herewith, be determined by the officers of the Company executing such Units and Purchase Contracts, as the case may be, as evidenced by their execution thereof. 

(b) The Units and Purchase Contracts shall be issuable only in registered form and only in denominations of a single Unit or Purchase
Contract, as the case may be, and any integral multiple thereof. 
 (c) The Units will initially be issued in the form of one or more fully
registered Global Units as set forth in Section 3.06. The Purchase Contracts will initially be issued as Component Purchase Contracts substantially in the form of Attachment 3 to the form of Global Unit attached as Exhibit A hereto, and will be
attached to the related Global Unit and registered in the name of American Stock Transfer & Trust Company, LLC, as attorney-in-fact of the holder(s) of such
Global Unit. 
 (d) Definitive Securities shall be printed, lithographed or engraved with steel engraved borders or may be produced in any
other manner, all as determined by the officers of the Company executing the Units or Purchase Contracts, as the case may be, evidenced by such Definitive Securities, consistent with the provisions of this Agreement, as evidenced by their execution
thereof. 
 (e) Every Global Unit and Global Purchase Contract executed, authenticated and delivered hereunder shall bear a legend in
substantially the following form: 
 “THIS SECURITY IS A GLOBAL [UNIT / PURCHASE CONTRACT] WITHIN THE MEANING OF THE PURCHASE CONTRACT
AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT
BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”) TO THE NOMINEE OF THE DEPOSITARY OR 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 SUCCESSOR DEPOSITARY. 
 UNLESS THIS SECURITY IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 

  
 15 

 (f) Any reference in this Purchase Contract Agreement to execution and authentication of
Separate Notes or Separate Purchase Contracts in circumstances where the relevant Notes or Purchase Contracts previously were a component of a Unit held as a Global Unit may be satisfied by appropriately increasing the balance of the applicable
Global Note or Global Purchase Contract, as the case may be. 
 Section 2.02. Form of Certificate of Authentication. The form of
certificate of authentication of the Units and Purchase Contracts shall be in substantially the form set forth in the form of Unit or form of Purchase Contract, respectively, attached hereto. 

Section 2.03. Global Securities; Separation of Units. 

(a) On any Business Day during the period beginning on, and including, the Business Day immediately following the Issue Date to, but
excluding, the second Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date or, if earlier, the second Scheduled Trading Day immediately preceding any Early Mandatory Settlement Date and also excluding the Business Day
immediately preceding any Installment Payment Date (provided that the right to separate the Units shall resume after such Business Day), a Holder of a Unit may separate such Unit into its constituent Purchase Contract and Note (each such
separated Purchase Contract and separated Note, a “Separate Purchase Contract” and “Separate Note,” respectively), which will thereafter trade under their respective CUSIP numbers (112463 401) and (112463 AD6), and
that Unit will cease to exist. In order to cause the separation of a Global Unit into its component parts, a Beneficial Holder must comply with the applicable procedures of the Depositary. Following a valid exercise of separation rights by a Holder
of Global Units, the Purchase Contract Agent or Trustee, as applicable, shall register (i) a decrease in the number of Units represented by the Global Unit and the number of Purchase Contracts and Notes represented by the Component Purchase
Contract and the Component Note attached to the Global Unit as Attachments 3 and 4, respectively, as set forth in Schedule A to each such attachment, and (ii) a corresponding increase in the number of Purchase Contracts and Notes represented by
the Global Purchase Contract and the Global Note, respectively. If, however, such Unit is in the form of a Definitive Security in accordance with Section 3.09, the Holder thereof must deliver to the Purchase Contract Agent such Unit, together
with a separation notice, in the form set forth in Attachment 1 to the form of Unit attached hereto as Exhibit A. Upon the receipt of such separation notice, the Company shall promptly cause delivery, in accordance with the delivery instructions set
forth in such separation notice, of one Separate Purchase Contract and one Separate Note for each such Unit. Separate Purchase Contracts and Separate Notes will be transferable independently from each other. 

(b) Holders which elect to separate the Note and related Purchase Contract in accordance with this Section 2.03 shall be responsible for
any fees or expenses payable in connection with such separation, and neither the Company, the Purchase Contract Agent nor the Trustee shall be liable for any such fees or expenses. 

Section 2.04. Recreation of Units. 

(a) On any Business Day during the period beginning on, and including, the Business Day immediately following the Issue Date to, but
excluding, the second Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date or, if earlier, the second Scheduled Trading Day immediately preceding any Early Mandatory Settlement Date and also excluding the

  
 16 

 
Business Day immediately preceding any Installment Payment Date (provided that the right to recreate the Units shall resume after such Business Day), a Holder of a Separate Purchase
Contract and a Separate Note may recreate a Unit (which will thereafter trade under the CUSIP number 112463 302 for the Units), and each such Separate Purchase Contract and Separate Note will cease to exist. In order to cause the recreation of a
global Separate Purchase Contract and a global Separate Note into a Unit, a Beneficial Holder must comply with the applicable procedures of the Depositary. Following a valid exercise of recreation rights by a Holder of Global Notes and Global
Purchase Contracts, the Purchase Contract Agent or Trustee, as applicable, shall register (i) an increase in the number of Units represented by the Global Unit and the number of Purchase Contracts and Notes represented by the Component Purchase
Contract and the Component Note attached to the Global Unit as Attachments 3 and 4, respectively, as set forth in Schedule A to each such attachment, and (ii) a corresponding decrease in the number of Purchase Contracts and Notes represented by
the Global Purchase Contract and Global Note, respectively. If, however, such Separate Purchase Contract and Separate Note are in the form of Definitive Securities, the Holder thereof must deliver to the Purchase Contract Agent such Definitive
Securities, together with a recreation notice, in the form set forth in Attachment 2 to the form of Unit attached hereto as Exhibit A. Upon the receipt of such recreation notice, the Company shall promptly cause delivery, in accordance with the
delivery instructions set forth in such recreation notice, of one Unit in definitive form for such Definitive Securities. 
 (b) Holders
that recreate Units in accordance with this Section 2.04 shall be responsible for any fees or expenses payable in connection with such recreation, and neither the Company, the Purchase Contract Agent nor the Trustee shall be liable for any such
fees or expenses. 
 ARTICLE III 

THE UNITS AND PURCHASE CONTRACTS 

Section 3.01. Amount and Denominations. The aggregate number of Units and Separate Purchase Contracts evidenced by Equity-Linked
Securities executed, authenticated and delivered hereunder is limited to 2,500,000 (as automatically increased by the number of Units, if any, issued pursuant to the over-allotment option described in the Prospectus Supplement), except for Units and
Separate Purchase Contracts executed, authenticated and delivered upon registration of transfer of, in exchange for, or in lieu of, other Units and Separate Purchase Contracts pursuant to Section 3.04, Section 3.05, Section 3.10 or
Section 9.05. Each Unit was initially issued for a purchase price of $50.00 (before underwriting discounts and commissions), which represented an issue price of $8.8996 for the Note contained in each Unit and an issue price of $41.1004 for the
Purchase Contract contained in each Unit. 
 Section 3.02. Rights and Obligations Evidenced by the Equity-Linked Securities.
Each Equity-Linked Security shall evidence the number of Units or Separate Purchase Contracts, as the case may be, specified therein, with (a) each such Unit representing the rights and obligations of the Holder thereof and of the Company under
one Purchase Contract, and the rights and obligations of the Holder thereof and of the Company under one Note, and (b) each such Separate Purchase Contract representing the rights and obligations of the Holder thereof and of the Company under
one Separate Purchase Contract. In the case of a Unit, the Holder of such Unit shall, for all purposes hereunder and under the Indenture, be deemed to be the Holder of the Note and Purchase Contract that are components of such Unit. 

Prior to the close of business on the Determination Date with respect to any Purchase Contract (whether such Purchase Contract is held as a
component of a Unit or as a Separate Purchase Contract), the shares of Common Stock underlying such Purchase Contract shall not be outstanding, and such Purchase Contract shall not entitle the Holder thereof to any of the rights of a holder of
Common Stock, including, without limitation, the right to vote or receive any dividends or other payments or to consent or to receive notice as a shareholder in respect of the meetings of shareholders or for the election of directors for any other
matter, or any other rights whatsoever as a shareholder of the Company. 

  
 17 

 Section 3.03. Execution, Authentication, Delivery and Dating. Upon the execution
and delivery of this Agreement, and at any time and from time to time thereafter, the Company may deliver Equity-Linked Securities executed by the Company and the Purchase Contract Agent as attorney-in-fact for the Holders of Purchase Contracts from time to time (in the case of Purchase Contracts), to the Purchase Contract Agent and the Trustee (if applicable) for authentication and delivery,
together with an Issuer Order for authentication of such Equity-Linked Securities, and the Purchase Contract Agent and the Trustee (if applicable) in accordance with such Issuer Order shall authenticate and deliver such Equity-Linked Securities.

 The Equity-Linked Securities shall be executed on behalf of the Company by any authorized officer of the Company and, in the case of the
Purchase Contracts, shall be executed on behalf of the Holders by any authorized officer of the Purchase Contract Agent as attorney-in-fact for the Holders of Purchase
Contracts from time to time. The signature of any such officer on the Equity-Linked Securities may be manual or facsimile. 
 Equity-Linked
Securities bearing the manual or facsimile signature of an individual who was at any time the proper officer of the Company or, in the case of the Purchase Contracts, the Purchase Contract Agent, shall bind the Company and the Holders of Purchase
Contracts, as the case may be, notwithstanding that such individual has ceased to hold such offices prior to the authentication and delivery of such Equity-Linked Securities or did not hold such offices at the date of such Equity-Linked Securities.

 Each Equity-Linked Security shall be dated the date of its authentication. 

No Equity-Linked Security shall be entitled to any benefit under this Agreement or be valid or obligatory for any purpose unless there appears
on such Equity-Linked Security a certificate of authentication substantially in the form provided for herein executed by an authorized officer of the Purchase Contract Agent and the Trustee (if applicable) by manual signature, and such certificate
upon any Equity-Linked Security shall be conclusive evidence, and the only evidence, that such Equity-Linked Security has been duly authenticated and delivered hereunder. 

Section 3.04. Temporary Equity-Linked Securities. Pending the preparation of any Definitive Equity-Linked Securities, the Company
shall execute and deliver to the Purchase Contract Agent and, in the case of Units, Trustee, and the Purchase Contract Agent and, if applicable, Trustee shall authenticate and deliver, in lieu of such Definitive Equity-Linked Securities, temporary
Equity-Linked Securities that are in substantially the form set forth in Exhibit A or Exhibit B hereto, as the case may be, with such letters, numbers or other marks of identification or designation and such legends or endorsements printed,
lithographed or engraved thereon as may be required by the rules of any securities exchange on which the Units or Separate Purchase Contracts, as the case may be, are listed, or as may, consistently herewith, be determined by the officers of the
Company executing such Equity-Linked Securities, as evidenced by their execution of the Equity-Linked Securities. 
 If temporary
Equity-Linked Securities are issued, the Company will cause Definitive Equity-Linked Securities to be prepared without unreasonable delay. After the preparation of Definitive Equity-Linked Securities, the temporary Equity-Linked Securities shall be
exchangeable for Definitive Equity-Linked Securities upon surrender of the temporary Equity-Linked Securities at the Corporate Trust Office, at the expense of the Company and without charge to the Holder or the Purchase Contract Agent. Upon
surrender for cancellation of any one or more temporary Equity-Linked Securities, the Company 

  
 18 

 
shall execute and deliver to the Purchase Contract Agent and the Trustee, and the Purchase Contract Agent and, if applicable, the Trustee shall authenticate and deliver in exchange therefor, one
or more Definitive Equity-Linked Securities of like tenor and denominations and evidencing a like number of Units or Separate Purchase Contracts, as the case may be, as the temporary Equity-Linked Security or Equity-Linked Securities so surrendered.
Until so exchanged, the temporary Equity-Linked Securities shall in all respects evidence the same benefits and the same obligations with respect to the Units or Separate Purchase Contracts, as the case may be, evidenced thereby as Definitive
Equity-Linked Securities. 
 Section 3.05. Registration; Registration of Transfer and Exchange. The Company shall cause to be
kept at the Corporate Trust Office a register (the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Equity-Linked Securities and of
transfers of Equity-Linked Securities. The Purchase Contract Agent is hereby initially appointed security registrar (the “Security Registrar”) for the purpose of registration of Equity-Linked Securities and transfers of
Equity-Linked Securities as provided herein. The Security Registrar shall record separately the registration and transfer of the Equity-Linked Securities evidencing Units and Separate Purchase Contracts. 

Upon surrender for registration of transfer of any Equity-Linked Security at the Corporate Trust Office, the Company shall execute and deliver
to the Purchase Contract Agent and the Trustee, and the Purchase Contract Agent and the Trustee shall authenticate on behalf of the designated transferee or transferees, and deliver, in the name of the designated transferee or transferees, one or
more new Equity-Linked Securities of any authorized denominations, of like tenor, and evidencing a like number of Units or Separate Purchase Contracts, as the case may be. 

At the option of the Holder, Equity-Linked Securities may be exchanged for other Equity-Linked Securities, of any authorized numbers and
evidencing a like number of Units or Separate Purchase Contracts, as the case may be, upon surrender of the Equity-Linked Securities to be exchanged at the Corporate Trust Office. Whenever any Equity-Linked Securities are so surrendered for
exchange, the Company shall execute and deliver to the Purchase Contract Agent and the Trustee, and the Purchase Contract Agent and, in the case of Units, the Trustee shall authenticate and deliver the Equity-Linked Securities which the Holder
making the exchange is entitled to receive. 
 All Equity-Linked Securities issued upon any registration of transfer or exchange of an
Equity-Linked Security shall evidence the ownership of the same number of Units or Separate Purchase Contracts, as the case may be, and be entitled to the same benefits and subject to the same obligations, under this Agreement as the Units or
Separate Purchase Contracts, as the case may be, evidenced by the Equity-Linked Security surrendered upon such registration of transfer or exchange. 

Every Equity-Linked Security presented or surrendered for registration of transfer or exchange shall (if so required by the Purchase Contract
Agent) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Purchase Contract Agent duly executed by the Holder thereof, or its attorney duly authorized in writing. 

No service charge shall be made for any registration of transfer or exchange of an Equity-Linked Security, but the Company or the Purchase
Contract Agent on behalf of the Company may require payment from the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Equity-Linked
Securities, other than any exchanges pursuant to Section 3.06 and Section 9.05 not involving any transfer. 

  
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 Notwithstanding the foregoing, the Company shall not be obligated to execute and deliver to
the Purchase Contract Agent, and the Purchase Contract Agent and, in the case of Units, the Trustee shall not be obligated to authenticate or deliver any Equity-Linked Security in exchange for any other Equity-Linked Security presented or
surrendered for registration of transfer or for exchange on or after the Business Day immediately preceding the Scheduled Mandatory Settlement Date or any earlier Settlement Date with respect to such Equity-Linked Security. In lieu of delivery of a
new Equity-Linked Security, upon satisfaction of the applicable conditions specified above in this Section and receipt of appropriate registration or transfer instructions from such Holder, the Company shall, if a Settlement Date with respect to
such Equity-Linked Security has occurred, deliver or cause to be delivered the shares of Common Stock deliverable and cash in lieu of any fractional share of Common Stock in respect of the Purchase Contracts evidenced by such Equity-Linked Security
(together with the Separate Note, if such Equity-Linked Security is a Unit and if the Repurchase Right is not applicable or, if applicable, not exercised). 

Section 3.06. Book-Entry Interests. The Units, on original issuance, will be issued in the form of one or more fully registered
Global Units, to be delivered to the Depositary or its custodian by, or on behalf of, the Company. The Company hereby designates DTC as the initial Depositary. Such Global Units shall initially be registered on the books and records of the Company
in the name of Cede & Co., the nominee of DTC, and no Beneficial Holder will receive a Definitive Unit representing such Beneficial Holder’s interest in such Global Unit, except as provided in Section 3.09. Unless and until
definitive, fully registered Securities have been issued to Beneficial Holders pursuant to Section 3.09: 
 (i) the
provisions of this Section 3.06 shall be in full force and effect; 
 (ii) the Company shall treat the Depositary for
all purposes of this Agreement (including settling the Purchase Contracts and receiving approvals, votes or consents hereunder) as the Holder of the Global Units and Global Purchase Contracts and shall have no obligation to the Beneficial Holders;

 (iii) to the extent that the provisions of this Section 3.06 conflict with any other provisions of this Agreement,
the provisions of this Section 3.06 shall control; and 
 (iv) the rights of the Beneficial Holders shall be exercised
only through the Depositary and shall be limited to those established by law and agreements between such Beneficial Holders and the Depositary or the Depositary Participants. 

Section 3.07. Notices to Holders. Whenever a notice or other communication to the Holders is required to be given under this
Agreement, the Company or the Company’s agent shall give such notices and communications to the Holders and, with respect to any Units or Purchase Contracts registered in the name of the Depositary or the nominee of the Depositary, the Company
or the Company’s agent shall, except as set forth herein, have no obligations to the Beneficial Holders. 
 Section 3.08.
Appointment of Successor Depositary. If the Depositary elects to discontinue its services as securities depositary with respect to the Units or Purchase Contracts, the Company may, in its sole discretion, appoint a successor Depositary with
respect to such Units or such Purchase Contracts, as the case may be. 

  
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 Section 3.09. Definitive Securities. If: 

(i) the Depositary is at any time unwilling or unable to continue as depositary for the Global Securities or ceases to be a
Clearing Agency registered under the Exchange Act, and a successor Depositary registered as a Clearing Agency under the Exchange Act is not appointed by the Company within 90 days; or 

(ii) an Event of Default (as defined in the Indenture), or any failure on the part of the Company to observe or perform any
covenant or agreement in the Purchase Contracts or the Purchase Contract Agreement, has occurred and is continuing and a Beneficial Holder requests that its Securities be issued in physical, certificated form, 

then, in each case the Company shall execute, and the Purchase Contract Agent and/or the Trustee, as applicable, upon receipt of an Issuer Order for the
authentication and delivery of Definitive Securities, shall authenticate and deliver Definitive Securities representing an aggregate number of Securities with respect to the Global Security or Securities representing such Securities (or representing
an aggregate number of Securities equal to the aggregate number of Securities in respect of which such Beneficial Holder has requested the issuance of Definitive Securities pursuant to clause (ii) above) in exchange for such Global Security or
Securities (or portion thereof). Each Definitive Security so delivered shall evidence Units or Purchase Contracts or Notes, as the case may be, of the same kind and tenor as the Global Security so surrendered in respect thereof. Notwithstanding the
foregoing, the exchange of Global Notes for Notes in definitive form shall be governed by the Indenture. 
 Section 3.10. Mutilated,
Destroyed, Lost and Stolen Securities. If any mutilated Equity-Linked Security is surrendered to the Purchase Contract Agent, together with such security or indemnity as may be reasonably required by the Company, the Purchase Contract Agent and
the Trustee to hold them or any of their agents harmless, then the Company shall execute and deliver to the Purchase Contract Agent and the Trustee, and the Purchase Contract Agent and, if applicable, the Trustee shall authenticate and deliver in
exchange therefor, a new Equity-Linked Security, evidencing the same number of Units or Separate Purchase Contracts, as the case may be, and bearing a security number not contemporaneously outstanding. 

If there shall be delivered to the Company, the Purchase Contract Agent and the Trustee (in the case of any Units) (i) evidence to their
satisfaction of the destruction, loss or theft of any Equity-Linked Security, and (ii) such security or indemnity as may be reasonably required by them to hold each of them and any agent of any of them harmless, then, in the absence of notice
to the Company, the Purchase Contract Agent or the Trustee that such Equity-Linked Security has been acquired by a protected purchaser, the Company shall execute and deliver to the Purchase Contract Agent and the Trustee (in the case of any Units),
and the Purchase Contract Agent and the Trustee (in the case of any Units) shall authenticate and deliver to the Holder, in lieu of any such destroyed, lost or stolen Equity-Linked Security, a new Equity-Linked Security, evidencing the same number
of Units or Separate Purchase Contracts, as the case may be, and bearing a security number not contemporaneously outstanding. 

Notwithstanding the foregoing, the Company shall not be obligated to execute and deliver to the Purchase Contract Agent and the Trustee, and
the Purchase Contract Agent and, in the case of Units, the Trustee shall not be obligated to authenticate and deliver to the Holder, an Equity-Linked Security on or after the Business Day immediately preceding the Scheduled Mandatory Settlement Date
or any earlier Settlement Date with respect to such Equity-Linked Security. In lieu of delivery of a new Equity-Linked Security, upon satisfaction of the applicable conditions specified above in this Section and receipt of appropriate registration
or transfer instructions from such Holder, the Company shall, if a 

  
 21 

 
Settlement Date with respect to such Equity-Linked Security has occurred, deliver or arrange for delivery of the shares of Common Stock deliverable and cash in lieu of any fractional share of
Common Stock in respect of the Purchase Contracts evidenced by such Equity-Linked Security (together with Separate Notes equal to the number of, and in the same form as, the Notes evidenced by such Equity-Linked Security if such Equity-Linked
Security is a Unit and if the Repurchase Right is not applicable or, if applicable, not exercised). 
 Upon the issuance of any new
Equity-Linked Security under this Section 3.10, the Company and the Purchase Contract Agent may require the payment by the Holder 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 Purchase Contract Agent) connected therewith. 
 Every new Equity-Linked Security
issued pursuant to this Section 3.10 in lieu of any destroyed, lost or stolen Equity-Linked Security shall constitute an original additional contractual obligation of the Company and of the Holder in respect of the Unit or Separate Purchase
Contract, as the case may be, evidenced thereby, whether or not the destroyed, lost or stolen Equity-Linked Security shall be found at any time. Such new Equity-Linked Security (and the Units or Separate Purchase Contracts, as applicable, evidenced
thereby) shall be at any time enforceable by anyone, and shall be entitled to all the benefits and be subject to all the obligations of this Agreement equally and proportionately with any and all other Equity-Linked Securities delivered hereunder.

 The provisions of this Section 3.10 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 Equity-Linked Securities. 
 Section 3.11. Persons
Deemed Owners. Prior to due presentment of an Equity-Linked Security for registration of transfer, the Company, the Purchase Contract Agent and the Trustee, and any agent of the Company, the Purchase Contract Agent or the Trustee, shall treat
the Person in whose name such Equity-Linked Security is registered as the owner of the Unit or Purchase Contract, as the case may be, evidenced thereby, for the purpose of performance of the Units or Purchase Contracts, as applicable, evidenced by
such Equity-Linked Securities and for all other purposes whatsoever, and none of the Company, the Purchase Contract Agent nor the Trustee, nor any agent of the Company, the Purchase Contract Agent nor the Trustee, shall be affected by notice to the
contrary. 
 Notwithstanding the foregoing, with respect to any Global Unit or Global Purchase Contract, nothing contained herein shall
prevent the Company, the Purchase Contract Agent, the Trustee or any agent of the Company, the Purchase Contract Agent or the Trustee, from giving effect to any written certification, proxy or other authorization furnished by the Depositary (or its
nominee), as a Holder, with respect to such Global Unit or Global Purchase Contract or impair, as between such Depositary and the related Beneficial Holder, the operation of customary practices governing the exercise of rights of the Depositary (or
its nominee) as Holder of such Global Unit or Global Purchase Contract. 
 None of the Purchase Contract Agent, the Trustee, the Paying
Agent and the Security Registrar shall have any responsibility or obligation to any Beneficial Holder in a Global Security, an agent member or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any agent
member, with respect to any ownership interest in the Securities or with respect to the delivery to any agent member, Beneficial Holder or other Person (other than the Depositary) of any notice or the payment of any amount, under or with respect to
such Securities. All notices and communications to be given to the Holders and all payments to be made to Holders under the Securities and this Agreement shall be given or made only to or upon the order of the registered Holders (which shall be the
Depositary or its nominee in the case of a Global Security). The rights of Beneficial Holders in Global 

  
 22 

 
Securities shall be exercised only through the Depositary subject to the applicable procedures. The Purchase Contract Agent, the Trustee, the Paying Agent and the Registrar shall be entitled to
rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, DTC Participants and any Beneficial Holders. The Purchase Contract Agent, the Trustee, the Paying Agent and the Security Registrar
shall be entitled to deal with the Depositary, and any nominee thereof, that is the registered Holder of any Global Security for all purposes of this Agreement relating to such Global Security (including the payment or delivery of amounts due
hereunder and the giving of instructions or directions by or to any Beneficial Holder) as the sole Holder of such Global Security and shall have no obligations to the Beneficial Holders thereof. None of the Purchase Contract Agent, the Trustee, the
Paying Agent and the Security Registrar shall have any responsibility or liability for any acts or omissions of the Depositary with respect to such Global Security, for the records of any such Depositary, including records in respect of the
Beneficial Holders of any such Global Security, for any transactions between the Depositary and any agent member or between or among the Depositary, any such agent member and/or any Holder or Beneficial Holder of such Global Security, or for any
transfers of beneficial interests in any such Global Security. 
 Notwithstanding the foregoing, with respect to any Global Security,
nothing herein shall prevent the Company, the Purchase Contract Agent, the Trustee, or any agent of the Company from giving effect to any written certification, proxy or other authorization furnished by any depositary (or its nominee), as a Holder,
with respect to such Global Security or shall impair, as between such Depositary and Beneficial Holders of such Global Security, the operation of customary practices governing the exercise of the rights of such depositary (or its nominee) as Holder
of such Global Security. 
 None of the Purchase Contract Agent, the Trustee, the Paying Agent or the Registrar shall have any obligation or
duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Agreement or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among DTC
Participants, members or Beneficial Holders in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of
this Agreement, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

Section 3.12. Cancellation. All Securities surrendered for separation or recreation and all Equity-Linked Securities surrendered
for settlement or upon the registration of transfer or exchange of an Equity-Linked Security shall, if surrendered to any Person other than the Purchase Contract Agent, be delivered to the Purchase Contract Agent and, if not already cancelled, be
promptly cancelled by it; provided, however, that the Purchase Contract Agent shall deliver any Notes or Separate Notes so surrendered to it to the Trustee and Paying Agent (as defined in the Indenture) for disposition in accordance
with the provisions of the Indenture. In the case of a Unit or Units surrendered for settlement, subject to Section 4.08 hereof, the Company shall promptly execute and the Trustee shall promptly authenticate and deliver in accordance with the
terms of the Indenture to the Holder thereof a number of Separate Notes equal to the number of, and in the same form as, the Notes comprising part of the Units so surrendered. The Company may at any time deliver to the Purchase Contract Agent for
cancellation any Equity-Linked Securities previously executed, authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Equity-Linked Securities so delivered shall, upon an Issuer Order, be promptly
cancelled by the Purchase Contract Agent; provided, however, that if the Equity-Linked Securities so delivered are Units, the Purchase Contract Agent shall deliver the Notes comprising such Units to the Trustee and Paying Agent (as
defined in the Indenture) for disposition in accordance with the provisions of the Indenture. No Equity-Linked Securities shall be executed, authenticated and delivered in lieu of or in exchange for any Equity-Linked Securities cancelled as provided
in this Section, except as expressly permitted by this Agreement. All cancelled Equity-Linked Securities held by the Purchase Contract Agent shall be disposed of in accordance with its customary practices. 

  
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 If the Company or any Affiliate of the Company shall acquire any Equity-Linked Security,
such acquisition shall not operate as a cancellation of such Equity-Linked Security unless and until such Equity-Linked Security is delivered to the Purchase Contract Agent for cancellation, in which case such Equity-Linked Security shall be
accompanied by an Issuer Order and cancelled in accordance with the immediately preceding paragraph. 
 ARTICLE IV 

SETTLEMENT OF THE PURCHASE CONTRACTS 

Section 4.01. Settlement Rate. (a) The “Settlement Rate” applicable to each Purchase Contract on the
Mandatory Settlement Date or in connection with any Early Settlement pursuant to Section 4.06 (but not Section 4.07) shall be equal to: 

(i) if the Applicable Market Value is greater than or equal to the Threshold Appreciation Price, 12.9341 shares of Common Stock
for each Purchase Contract (the “Minimum Settlement Rate”); 
 (ii) if the Applicable Market Value is
greater than the Reference Price but less than the Threshold Appreciation Price, a number of shares of Common Stock for each Purchase Contract equal to the Stated Amount, divided by the Applicable Market Value; and 

(iii) if the Applicable Market Value is less than or equal to the Reference Price, 15.1976 shares of Common Stock for each
Purchase Contract (the “Maximum Settlement Rate”). 
 (b) The Maximum Settlement Rate and the Minimum Settlement Rate
(each, a “Fixed Settlement Rate”) shall be subject to adjustment as provided in Article 5, and each Fixed Settlement Rate shall be rounded upward or downward to the nearest 1/10,000th of a share. 

(c) The Company shall give written notice of the Settlement Rate to the Purchase Contract Agent and Holders no later than the Scheduled
Trading Day prior to the Mandatory Settlement Date. 
 Section 4.02. Representations and Agreements of Holders. Each Holder of
an Equity-Linked Security, by its acceptance thereof: 
 (a) irrevocably authorizes and directs the Purchase Contract Agent to execute and
deliver on its behalf and perform this Agreement on its behalf and appoints the Purchase Contract Agent as its attorney-in-fact for any and all such purposes; 

(b) in the case of a Purchase Contract that is a component of a Unit, or that is evidenced by a Global Purchase Contract, irrevocably
authorizes and directs the Purchase Contract Agent to execute, deliver and hold on its behalf the Global Purchase Contract or the Component Purchase Contract evidencing such Purchase Contract and appoints the Purchase Contract Agent its attorney-in-fact for any and all such purposes; 
 (c) consents
to, and agrees to be bound by the terms and provisions thereof; and 

  
 24 

 (d) agrees to the tax treatment provided for in Section 11.07. 

Section 4.03. Purchase Contract Settlement Fund. On the applicable Settlement Date, the Company shall issue and deliver to the
Holders of the Outstanding Purchase Contracts (or, in the case of an Early Settlement, to the Holders of Purchase Contracts that have elected such Early Settlement) the aggregate number of shares of Common Stock to which such Holders of the Purchase
Contracts to be settled on such Settlement Date are entitled hereunder. When any shares of Common Stock are required to be delivered to Holders pursuant to this Article 4, the Company shall deliver such shares of Common Stock, together with any
dividends or distributions for which a Record Date and payment date for such dividend or distribution have occurred as of or after the close of business on the applicable Determination Date (collectively, the “Purchase Contract Settlement
Fund”) to such Holders, and the Company shall cause any such shares to be registered in the name of such Holder or such Holder’s designee pursuant to Section 4.11. 

Section 4.04. Settlement Conditions. A Holder’s right to receive the shares of Common Stock, and any dividends or
distributions with respect to such shares constituting part of the Purchase Contract Settlement Fund, upon settlement of any of its Purchase Contracts is subject to the following conditions: 

(a) if such Purchase Contract or the Unit that includes such Purchase Contract is in the form of a Definitive Security, surrendering the
relevant Definitive Security to the Purchase Contract Agent at the Corporate Trust Office duly endorsed for transfer to the Company or in blank and with duly completed settlement instructions in the form attached thereto, or if such Purchase
Contract is represented by a Global Security, surrendering the relevant Security in compliance with the Depositary’s applicable procedures; and 

(b) the payment of any transfer or similar taxes payable pursuant to Section 4.11. 

Section 4.05. Mandatory Settlement on the Mandatory Settlement Date. Each Purchase Contract obligates the Company to deliver, on
the Mandatory Settlement Date, a number of shares of Common Stock (subject to Article 5) equal to the Settlement Rate as determined by the Company, unless such Purchase Contract has settled prior to the Mandatory Settlement Date. On the Mandatory
Settlement Date, subject to satisfaction of the conditions set forth in Section 4.04 by a Holder with respect to any of its Purchase Contracts, the Company shall cause a number of shares of Common Stock per Purchase Contract equal to the
Settlement Rate to be issued and delivered, together with payment of (i) any cash payable in lieu of fractional shares pursuant to Section 4.13 and (ii) any dividends or distributions with respect to such shares constituting part of
the Purchase Contract Settlement Fund (but without any interest thereon), to such Holder by book-entry transfer or other appropriate procedures pursuant to Section 4.11. The Person in whose name any shares of Common Stock shall be issuable upon
settlement of any Purchase Contract on the Mandatory Settlement Date shall be treated as the holder of record of such shares as of the close of business on the last Trading Day of the 20 consecutive Trading Day period during which the Applicable
Market Value is determined. 
 Section 4.06. Early Settlement. (a) Subject to and upon compliance with the provisions of
this Section 4.06, a Holder may elect to settle its Purchase Contracts early, in whole or in part, subject to satisfaction of the conditions described in Section 4.06(b) and under the circumstances and during the periods set forth in
Section 4.06(b), at the Early Settlement Rate (“Early Settlement Right”). 
 (b) (i) On or after
February 15, 2023 until the close of business on the second Scheduled Trading Day immediately preceding November 15, 2025, a Holder may elect to settle its Purchase Contracts early, in whole or in part, by delivery of an Early Settlement
Notice on the second Trading Day immediately following the last Trading Day of any 20 consecutive Trading Day period during which the Closing Price is greater than or equal to 110% of the Threshold Appreciation Price then in effect on each day in
such 20 consecutive Trading Day period. 

  
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 (ii) On or after February 15, 2023 until the close of business on the
second Scheduled Trading Day immediately preceding November 15, 2025, a Holder may elect to settle its Purchase Contracts early, in whole or in part, by delivery of an Early Settlement Notice at any time during the five Business Day period
after any ten consecutive Trading Day period (the “Measurement Period”) in which (x) the Trading Price per Unit, as determined following a written request by a Holder of Units in accordance with this Section 4.06(b)(ii),
for each Trading Day of the Measurement Period was less than 97% of the product of the Closing Price of the Common Stock and the Maximum Settlement Rate on each such Trading Day and (y) the Closing Price of the Common Stock on each Trading Day
of the Measurement Period was less than 70% of the Reference Price on each such Trading Day. The Trading Prices shall be determined by the Bid Solicitation Agent pursuant to this Section 4.06(b)(ii) and the definition of Trading Price set forth
in this Purchase Contract Agreement. The Bid Solicitation Agent (if other than the Company) shall have no obligation to determine the Trading Price per Unit unless the Company has requested such determination; and the Company shall have no
obligation to make such request (or, if the Company is acting as Bid Solicitation Agent, the Company shall have no obligation to determine the Trading Price) unless a Holder or Holders in the aggregate of at least 40,000 Units provides the Company
with reasonable evidence that the Trading Price per Unit would be less than 97% of the product of the Closing Price of the Common Stock and the Maximum Settlement Rate. At such time, the Company shall instruct the Bid Solicitation Agent in writing
(if other than the Company) to determine, or if the Company is acting as Bid Solicitation Agent, the Company shall determine, the Trading Price per Unit beginning on the next Trading Day and on each successive Trading Day until the Trading Price per
Unit is greater than or equal to 97% of the product of the Closing Price of the Common Stock and the Maximum Settlement Rate. At such time as the Company directs the Bid Solicitation Agent in writing to solicit bid quotations, the Company shall
provide the Bid Solicitation Agent with the names and contact details of the three independent nationally recognized securities dealers that the Company selects, and the Company shall direct those security dealers to provide bids to the Bid
Solicitation Agent. If the Trading Price condition set forth above has been met, the Company will so notify the Holders of Units and separate Purchase Contracts, the Trustee and the Purchase Contract Agent (if other than the Trustee) in writing. If,
at any time after the Trading Price condition has been met, the Trading Price per Unit is greater than or equal to 97% of the product of the Closing Price of the Common Stock and the Maximum Settlement Rate for such date, the Company will so notify
the Holders of Units and separate Purchase Contracts, the Trustee and the Purchase Contract Agent (if other than the Trustee) in writing, and thereafter neither the Company nor the Bid Solicitation Agent (if other than the Company) shall be required
to solicit bids again until a new Holder request is made pursuant to this Section 4.06(b)(ii). 
 (iii) If, prior to the
close of business on the second Scheduled Trading Day immediately preceding November 15, 2025, the Company elects to: 

(A) issue to all or substantially all holders of the Common Stock any rights, options or warrants (other than in connection
with a stockholder rights plan) entitling them, for a period of not more than 45 calendar days after the announcement date of such issuance, to subscribe for or purchase shares of the Common Stock at a price per share that is less than the average
of the Closing Prices of the Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of announcement of such issuance; or 

  
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 (B) distribute to all or substantially all holders of the Common Stock the
Company’s assets, securities or rights to purchase securities of the Company (other than in connection with a stockholder rights plan prior to separation of such rights from the Common Stock), which distribution has a per share value, as
reasonably determined by the Company, exceeding 10% of the Closing Price of the Common Stock on the Trading Day preceding the date of announcement for such distribution, 

then, in either case, the Company shall notify the Holders of the Units and separate Purchase Contracts, the Purchase Contract Agent and the
Trustee (if other than the Purchase Contract Agent) in writing at least 30 Scheduled Trading Days prior to the Ex-Dividend Date for such issuance or distribution. After the Company has given such notice, a
Holder of Units or a Holder of separate Purchase Contracts, may elect to settle its Purchase Contracts early, in whole or in part, by delivery of an Early Settlement Notice at any time until the earlier of (1) the close of business on the
Business Day immediately preceding the Ex-Dividend Date for such issuance or distribution and (2) the Company’s announcement that such issuance or distribution will not take place, even if the
Purchase Contracts may not otherwise be settled at such time. 
 (iv) If (A) a transaction or event that constitutes a
Fundamental Change occurs prior to the close of business on the second Scheduled Trading Day immediately preceding November 15, 2025 or (B) the Company is a party to a Reorganization Event (other than a Reorganization Event effected solely
for the purpose of changing the Company’s jurisdiction of organization that (x) does not constitute a Fundamental Change and (y) results in a reclassification, conversion or exchange of outstanding shares of the Common Stock solely
into shares of common stock of the surviving entity and such common stock becomes Exchange Property for the Purchase Contracts) that occurs prior to the close of business on the second Scheduled Trading Day immediately preceding November 15,
2025, then, in each case a Holder of Units or a Holder of separate Purchase Contracts, may elect to settle its Purchase Contracts early, in whole or in part, by delivery of an Early Settlement Notice at any time from or after the Effective Date of
the transaction or event until the close of business on the 30th Business Day thereafter (or, if earlier, the second Scheduled Trading Day immediately preceding November 15, 2025). The Company shall notify Holders of the Units and separate
Purchase Contracts, the Trustee and the Purchase Contract Agent (if other than the Trustee) in writing as promptly as practicable following the date the Company publicly announces such transaction or event. 

(c) A Holder’s right to receive Common Stock upon Early Settlement of a Purchase Contract is subject to the following conditions (in the
case of Global Securities, subject to the applicable procedures of the Depositary): 
 (i) timely delivery of a written and
signed notice of election to settle early (an “Early Settlement Notice”) in the form attached to the Purchase Contract to the Purchase Contract Agent (which delivery, for the avoidance of doubt, shall instead be satisfied with
respect to Global Units and Global Purchase Contracts by timely complying with the applicable procedures of the Depositary to effect an Early Settlement, and such timely compliance shall be deemed delivery of an Early Settlement Notice); and 

(ii) satisfaction of the conditions set forth in Section 4.04. 

(d) If a Holder complies with the requirements set forth in Section 4.06(c) before the close of business on any Business Day, then that
Business Day shall be considered the “Early Settlement Date.” If a Holder complies with the requirements set forth in Section 4.06(c) at or after the close of business on any Business Day or at any time on a day that is not a
Business Day, then the next succeeding Business Day shall be considered the “Early Settlement Date.” 

  
 27 

 (e) Subject to satisfaction of the conditions set forth in Section 4.06(c) by a Holder
with respect to any of its Purchase Contracts, the Company shall cause a number of shares of Common Stock per Purchase Contract equal to the Early Settlement Rate to be issued and delivered, together with payment of (i) any cash payable in lieu
of fractional shares pursuant to Section 4.13 and (ii) any dividends or distributions with respect to such shares constituting part of the Purchase Contract Settlement Fund (but without any interest thereon), to such Holder by book-entry
transfer or other appropriate procedures pursuant to Section 4.11 on the second Business Day following the Early Settlement Date. The Person in whose name any shares of the Common Stock shall be issuable upon such Early Settlement of a Purchase
Contract shall be treated as the holder of record of such shares as of the close of business on the relevant Early Settlement Date. 
 (f)
In the event that Early Settlement is effected with respect to Purchase Contracts that are a component of Units, upon such Early Settlement, the Company shall execute and the Trustee shall authenticate (pursuant to the Indenture) and deliver to the
Holder thereof, at the expense of the Company, Separate Notes, in same form as the Notes comprising part of the Units, equal to the number of Purchase Contracts as to which Early Settlement was effected. 

(g) In the event that Early Settlement is effected with respect to Purchase Contracts represented by less than all the Purchase Contracts
evidenced by a Security, upon such Early Settlement, the Company shall execute and the Purchase Contract Agent and the Trustee shall authenticate and deliver to the Holder thereof, at the expense of the Company, a Security evidencing the Purchase
Contracts as to which Early Settlement was not effected. 
 (h) Upon receipt of any Early Settlement Notice pursuant to
Section 4.06(c), the Purchase Contract Agent shall promptly deliver a copy of such Early Settlement Notice to the Company. 

Section 4.07. Early Settlement Upon a Fundamental Change. 

(a) If a Fundamental Change occurs and a Holder exercises the option to effect Early Settlement in respect of its Purchase Contracts in
connection with such Fundamental Change in accordance with the applicable procedures set forth in Section 4.06, such Holder shall receive a number of shares of Common Stock (or cash, securities or other property, as applicable) for each such
Purchase Contract equal to the Fundamental Change Early Settlement Rate on the date such Fundamental Change Early Settlement Right is exercised (the “Fundamental Change Early Settlement Right”). An Early Settlement shall be deemed
for these purposes to be “in connection with” such Fundamental Change if the Holder delivers an Early Settlement Notice to the Purchase Contract Agent, and otherwise satisfies the requirements for effecting Early Settlement of its Purchase
Contracts set forth in Section 4.06 hereof, during the period beginning on, and including, the Effective Date of the Fundamental Change and ending at the close of business on the 30th Business Day thereafter (or, if earlier, the second
Scheduled Trading Day immediately preceding the Scheduled Mandatory Settlement Date) (the “Fundamental Change Early Settlement Period”). 

(b) If a Holder complies with the requirements set forth in Section 4.07(a) and 4.06(c) to exercise the Fundamental Change Early
Settlement Right before the close of business on any Business Day during the Fundamental Change Early Settlement Period, then that Business Day shall be considered the “Fundamental Change Early Settlement Date.” If a Holder complies
with the requirements set forth in set forth in Section 4.07(a) and 4.06(c) to exercise the Fundamental Change Early Settlement Right at or after the close of business on any Business Day during the Fundamental Change Early Settlement Period or
at any time on a day during the Fundamental Change Early Settlement Period that is not a Business Day, then the next succeeding Business Day shall be considered the “Fundamental Change Early Settlement Date.” 

  
 28 

 (c) The Company shall provide the Purchase Contract Agent, the Trustee and the Holders of
Units and Separate Purchase Contracts with a written notice of a Fundamental Change within five Business Days after its Effective Date and issue a press release announcing such Effective Date. The notice shall set forth (i) the applicable
Fundamental Change Early Settlement Rate, (ii) if not solely Common Stock, the kind and amount of cash, securities and other property receivable by the Holder upon settlement, (iii) the deadline by which each Holder’s Fundamental
Change Early Settlement Right must be exercised and (iv) any other information the Company determines to be appropriate. 
 (d) The
“Fundamental Change Early Settlement Rate” shall be determined by the Company by reference to the table below, based on the date on which the Fundamental Change occurs or becomes effective (the “Effective Date”) and
the stock price (the “Stock Price”) in the Fundamental Change, which shall be: 
 (i) in the case of a
Fundamental Change described in clause (b) of the definition thereof in which all holders of shares of Common Stock receive only cash in the Fundamental Change, the Stock Price shall be the cash amount paid per share of Common Stock; and 

(ii) in all other cases, the Stock Price shall be the arithmetic average of the Daily VWAPs of the Common Stock over the five
consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Effective Date. 
 (e) The Stock Prices
set forth in the column headings of the table below shall be adjusted as of any date on which the Fixed Settlement Rates are adjusted. The adjusted Stock Prices shall equal the Stock Prices applicable immediately prior to such adjustment,
multiplied by a fraction, the numerator of which is the Maximum Settlement Rate immediately prior to the adjustment giving rise to the Stock Price adjustment and the denominator of which is the Maximum Settlement Rate as so adjusted. The
Fundamental Change Early Settlement Rates per Purchase Contract in the table below shall be adjusted in the same manner and at the same time as the Fixed Settlement Rates as set forth in Section 5.01. 

(f) The following table sets forth the Fundamental Change Early Settlement Rate per Purchase Contract for each Stock Price and Effective Date
set forth below: 
  

																																																									
	 Stock Price
	 
	 Effective Date
	 	$1.50	 	 	$2.00	 	 	$2.50	 	 	$3.00	 	 	$3.29	 	 	$3.50	 	 	$3.87	 	 	$4.50	 	 	$5.00	 	 	$6.00	 	 	$8.00	 	 	$10.00	 	 	$20.00	 	 	$30.00	 
	 November 21, 2022
	 	 	13.9308	 	 	 	13.5680	 	 	 	13.2984	 	 	 	13.1084	 	 	 	13.0266	 	 	 	12.9776	 	 	 	12.9090	 	 	 	12.8278	 	 	 	12.6680	 	 	 	12.6512	 	 	 	12.6648	 	 	 	12.6869	 	 	 	12.7305	 	 	 	12.7373	 
	 February 15, 2023
	 	 	14.0349	 	 	 	13.6607	 	 	 	13.3741	 	 	 	13.1688	 	 	 	13.0795	 	 	 	13.0259	 	 	 	12.9506	 	 	 	12.8612	 	 	 	12.7016	 	 	 	12.6798	 	 	 	12.6893	 	 	 	12.7093	 	 	 	12.7480	 	 	 	12.7536	 
	 May 15, 2023
	 	 	14.1442	 	 	 	13.7602	 	 	 	13.4557	 	 	 	13.2332	 	 	 	13.1356	 	 	 	13.0767	 	 	 	12.9939	 	 	 	12.8951	 	 	 	12.7358	 	 	 	12.7086	 	 	 	12.7138	 	 	 	12.7315	 	 	 	12.7652	 	 	 	12.7699	 
	 August 15, 2023
	 	 	14.2548	 	 	 	13.8641	 	 	 	13.5413	 	 	 	13.3002	 	 	 	13.1934	 	 	 	13.1287	 	 	 	13.0374	 	 	 	12.9284	 	 	 	12.7693	 	 	 	12.7364	 	 	 	12.7374	 	 	 	12.7529	 	 	 	12.7817	 	 	 	12.7856	 
	 November 15, 2023
	 	 	14.3742	 	 	 	13.9805	 	 	 	13.6381	 	 	 	13.3753	 	 	 	13.2575	 	 	 	13.1858	 	 	 	13.0844	 	 	 	12.9632	 	 	 	12.8042	 	 	 	12.7650	 	 	 	12.7614	 	 	 	12.7746	 	 	 	12.7985	 	 	 	12.8018	 
	 February 15, 2024
	 	 	14.4981	 	 	 	14.1077	 	 	 	13.7454	 	 	 	13.4578	 	 	 	13.3269	 	 	 	13.2470	 	 	 	13.1336	 	 	 	12.9981	 	 	 	12.8390	 	 	 	12.7929	 	 	 	12.7850	 	 	 	12.7958	 	 	 	12.8151	 	 	 	12.8179	 

  
 29 

																																																									
	 May 15, 2024
	 	 	14.6249	 	 	 	14.2474	 	 	 	13.8660	 	 	 	13.5498	 	 	 	13.4032	 	 	 	13.3132	 	 	 	13.1851	 	 	 	13.0323	 	 	 	12.8730	 	 	 	12.8198	 	 	 	12.8078	 	 	 	12.8164	 	 	 	12.8314	 	 	 	12.8340	 
	 August 15, 2024
	 	 	14.7490	 	 	 	14.3983	 	 	 	14.0012	 	 	 	13.6522	 	 	 	13.4866	 	 	 	13.3841	 	 	 	13.2379	 	 	 	13.0644	 	 	 	12.9047	 	 	 	12.8443	 	 	 	12.8290	 	 	 	12.8356	 	 	 	12.8473	 	 	 	12.8498	 
	 November 15, 2024
	 	 	14.8699	 	 	 	14.5688	 	 	 	14.1635	 	 	 	13.7751	 	 	 	13.5843	 	 	 	13.4650	 	 	 	13.2943	 	 	 	13.0936	 	 	 	12.9335	 	 	 	12.8662	 	 	 	12.8493	 	 	 	12.8543	 	 	 	12.8635	 	 	 	12.8659	 
	 February 15, 2025
	 	 	14.9746	 	 	 	14.7548	 	 	 	14.3612	 	 	 	13.9270	 	 	 	13.7014	 	 	 	13.5581	 	 	 	13.3523	 	 	 	13.1147	 	 	 	12.9548	 	 	 	12.8831	 	 	 	12.8678	 	 	 	12.8717	 	 	 	12.8796	 	 	 	12.8821	 
	 May 15, 2025
	 	 	15.0472	 	 	 	14.9451	 	 	 	14.6134	 	 	 	14.1323	 	 	 	13.8538	 	 	 	13.6715	 	 	 	13.4084	 	 	 	13.1161	 	 	 	12.9601	 	 	 	12.8927	 	 	 	12.8846	 	 	 	12.8883	 	 	 	12.8957	 	 	 	12.8982	 
	 August 15, 2025
	 	 	15.0792	 	 	 	15.0864	 	 	 	14.9306	 	 	 	14.4541	 	 	 	14.0856	 	 	 	13.8237	 	 	 	13.4406	 	 	 	13.0623	 	 	 	12.9328	 	 	 	12.8966	 	 	 	12.9001	 	 	 	12.9039	 	 	 	12.9114	 	 	 	12.9139	 
	 November 15, 2025
	 	 	15.1976	 	 	 	15.1976	 	 	 	15.1976	 	 	 	15.1976	 	 	 	15.1976	 	 	 	14.2857	 	 	 	12.9341	 	 	 	12.9341	 	 	 	12.9341	 	 	 	12.9341	 	 	 	12.9341	 	 	 	12.9341	 	 	 	12.9341	 	 	 	12.9341	 

 The exact Stock Prices and Effective Dates may not be set forth in the table above, in which case: 

(i) if the applicable Stock Price is between two Stock Prices in the table or the applicable Effective Date is between two
Effective Dates in the table, the Fundamental Change Early Settlement Rate shall be determined by a straight-line interpolation between the Fundamental Change Early Settlement Rates set forth for the higher and lower Stock Prices and the earlier and
later Effective Dates, as applicable, based on a 365- or 366-day year, as applicable; 

(ii) if the applicable Stock Price is greater than $30.00 per share (subject to adjustment in the same manner and at the same
time as the Stock Prices set forth in the column headings of the table above), the Fundamental Change Early Settlement Rate shall be the Minimum Settlement Rate; or 

(iii) if the applicable Stock Price is less than $1.50 per share (subject to adjustment in the same manner and at the same time
as the Stock Prices set forth in the column headings of the table above, the “Minimum Stock Price”) the Fundamental Change Early Settlement Rate shall be determined as if the Stock Price equaled the Minimum Stock Price, and using
straight-line interpolation, as described in clause (i) of this Section 4.07(f), if the Effective Date is between two Effective Dates in the table. 

The maximum number of shares of Common Stock deliverable under a Purchase Contract is 15.1976, subject to adjustment in the same manner and at the same time
as the Fixed Settlement Rates as set forth under Section 5.01. 
 (g) [Reserved.] 

(h) Subject to satisfaction of the conditions set forth in Section 4.06(c) by a Holder with respect to any of its Purchase Contracts, the
Company shall cause to be delivered a number of shares of Common Stock, or securities, cash or other property, as applicable, payable as a result of such Holder’s exercise of the Fundamental Change Early Settlement Right in accordance with the
provisions set forth in Section 4.06(e), except that (i) such delivery shall be made on the second Business Day following the Fundamental Change Early Settlement Date, and (ii) the Person in whose name any shares of Common Stock or
other securities, if applicable, shall be issuable following exercise of a Holder’s Fundamental Change Early Settlement Right shall be treated as the holder of record of such shares or other securities, if applicable, as of the close of
business on the Fundamental Change Early Settlement Date. 
 (i) If a Holder exercises its Fundamental Change Early Settlement Right with
respect to Purchase Contracts that are a component of Units, upon such Early Settlement in connection with a Fundamental Change, the Company shall execute and the Trustee shall authenticate (pursuant to the Indenture) and deliver to the Holder
thereof, at the expense of the Company, Separate Notes, in same form as the Notes comprising part of the Units, equal to the number of Purchase Contracts as to which Early Settlement in connection with a Fundamental Change was effected. 

  
 30 

 (j) If a Holder exercises its Fundamental Change Early Settlement Right with respect to
Purchase Contracts represented by less than all the Purchase Contracts evidenced by a Security, upon such Early Settlement in connection with a Fundamental Change, the Company shall execute and the Purchase Contract Agent and the Trustee shall
authenticate and deliver to the Holder thereof, at the expense of the Company, a Security evidencing the Purchase Contracts as to which Early Settlement in connection with a Fundamental Change was not effected. 

(k) If a Holder does not elect to exercise the Fundamental Change Early Settlement Right, such Holder’s Purchase Contracts shall remain
outstanding and shall be subject to normal settlement on any subsequent Settlement Date. 
 Section 4.08. Early Mandatory Settlement
at the Company’s Election. (a) The Company has the right to settle the Purchase Contracts on or after November 15, 2023, in whole but not in part (the “Early Mandatory Settlement Right”), on a date
fixed by it (the “Early Mandatory Settlement Date”) at the Early Mandatory Settlement Rate if the Closing Price of the Common Stock for 20 or more consecutive Trading Days ending on the second Trading Day immediately preceding the
Early Mandatory Settlement Notice Date exceeds 130% of the Threshold Appreciation Price in effect on each such Trading Day. 
 (b) If the
Company elects to exercise its Early Mandatory Settlement Right, the Company shall provide the Purchase Contract Agent and the Holders of Units, Separate Purchase Contracts and Separate Notes with a notice of its election (the “Early
Mandatory Settlement Notice”) and issue a press release announcing its election. The Early Mandatory Settlement Notice shall specify: 

(i) the Early Mandatory Settlement Rate; 

(ii) the Early Mandatory Settlement Date, which will be on the second Business Day following the date of the Early Mandatory
Settlement Notice (the “Early Mandatory Settlement Notice Date”) (or such later date as may be required by applicable securities laws); 

(iii) that Holders of Units and Separate Notes will have the right to require the Company to repurchase their Notes that are a
component of the Units or their Separate Notes, as the case may be, pursuant to and in accordance with the Indenture (subject to certain exceptions as provided in the Indenture); 

(iv) the Repurchase Price and Repurchase Date; 

(v) the last date on which Holders of Units or Separate Notes may exercise their Repurchase Right; 

(vi) the procedures that Holders of Units or Separate Notes must follow to require the Company to repurchase their Notes (which
procedures shall be in accordance with the Indenture); and 
 (vii) any other information the Company determines to be
appropriate. 

  
 31 

 (c) On the Early Mandatory Settlement Date, subject to satisfaction of the conditions set
forth in Section 4.04 by a Holder with respect to any of its Purchase Contracts, the Company shall cause a number of shares of Common Stock per Purchase Contract equal to the Early Mandatory Settlement Rate to be issued and delivered, together
with payment of (i) any cash payable in lieu of fractional shares pursuant to Section 4.13 and (ii) any dividends or distributions with respect to such shares constituting part of the Purchase Contract Settlement Fund (but without any
interest thereon), to such Holder by book-entry transfer or other appropriate procedures pursuant to Section 4.11. The Person in whose name any shares of the Common Stock shall be issuable following exercise of the Early Mandatory Settlement
Right shall be treated as the holder of record of such shares as of the close of business on the Early Mandatory Settlement Notice Date. 

(d) In the event that Early Mandatory Settlement is effected with respect to Purchase Contracts that are a component of Units, upon such Early
Mandatory Settlement the Company shall execute and the Trustee shall authenticate (pursuant to the Indenture) and deliver to the Holder thereof, at the expense of the Company, Separate Notes in the same form and in the same number as the Notes
comprising part of the Units; provided, however, that if the Repurchase Date occurs prior to the Early Mandatory Settlement Date, Holders shall surrender the Units on the Repurchase Date and the Company shall execute, and the Purchase
Contract Agent shall authenticate, Separate Purchase Contracts in the same form and in the same number as the Purchase Contracts comprising part of the Units, such Separate Purchase Contracts to be settled on the Early Mandatory Settlement Date.

 Section 4.09. [Reserved]. 

Section 4.10. Acceleration of Mandatory Settlement Date. If a Bankruptcy Event occurs at any time on or before the last Trading
Day of the 20 consecutive Trading Day period during which the Applicable Market Value is determined (the day on which such Bankruptcy Event occurs, the “Acceleration Date”), the Mandatory Settlement Date shall automatically be
accelerated to the Business Day immediately following the Acceleration Date and Holders of Purchase Contracts shall be entitled to receive, upon settlement of the Purchase Contracts on such accelerated Mandatory Settlement Date, a number of shares
of Common Stock per Purchase Contract equal to the Settlement Rate as if clause (i) of the definition of Market Value Averaging Period were replaced with the following text: “(i) in the case of settlement pursuant to Section 4.10, the
20 consecutive Trading Days beginning on, and including, the 21st Scheduled Trading Day immediately preceding the Acceleration Date”. The Company shall cause to be delivered the shares of Common Stock, securities, cash or other property
deliverable as a result of any such acceleration of the Mandatory Settlement Date in accordance with the provisions set forth in Section 4.05, except that (i) such delivery shall be made on the accelerated Mandatory Settlement Date, and
(ii) the Person in whose name any shares of Common Stock shall be issuable following such acceleration shall be treated as the holder of record of such shares as of the close of business on the Acceleration Date. Any claim for damages that
Holders of the Purchase Contracts (whether as Separate Purchase Contracts or Purchase Contracts underlying Units) have for the Company’s failure to deliver Common Stock following a Bankruptcy Event as described in this Section 4.10 will
rank pari passu with the claims of holders of the Common Stock in the relevant bankruptcy proceeding. 

Section 4.11. Registration of Underlying Shares and Transfer Taxes. The shares of Common Stock underlying the Purchase Contracts
shall be registered in the name of the Holder or the Holder’s designee as specified in the settlement instructions provided by the Holder to the Purchase Contract Agent, and the Company will pay all documentary, stamp or similar issue or
transfer taxes attributable to the delivery thereof, unless any such tax is payable in respect of any registration of such shares in a name of a Person other than the Person in whose name the Security evidencing such Purchase Contract is registered,
in which case the Company shall not be required to pay any such tax and no such registration shall be made unless the Person requesting such registration has paid any such taxes required by reason of such registration in a name of a Person other
than the Person in whose name the Security evidencing such Purchase Contract is registered or has established to the satisfaction of the Company that such tax either has been paid or is not payable. 

  
 32 

 Section 4.12. Return of Purchase Contract Settlement Fund. In the event a Holder
fails to effect surrender or delivery of its Units or Purchase Contracts on or following the applicable Settlement Date in accordance with the provisions hereof, the shares of Common Stock underlying such Purchase Contracts, and any dividends or
distributions with respect to such shares constituting part of the Purchase Contract Settlement Fund, shall be held in the name of the Purchase Contract Agent or its nominee in trust for the benefit of such Holder, until the earlier to occur of:

 (i) the surrender of the relevant Units or Separate Purchase Contracts for settlement in accordance with the provisions
hereof or receipt by the Company and the Purchase Contract Agent from such Holder of satisfactory evidence that such Units or Separate Purchase Contracts have been destroyed, lost or stolen, together with any indemnity that may be required by the
Purchase Contract Agent and the Company; and 
 (ii) the passage of two years from the applicable Settlement Date, as the
case may be, following which the Purchase Contract Agent shall return to the Company such Holder’s share of such Common Stock and any dividends or distributions with respect to such shares constituting part of the Purchase Contract Settlement
Fund; provided, however, that prior to receiving any such amount, the Company shall notify each such Holder that such property remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the
date of such notice, any unclaimed balance of such property then remaining will be returned to the Company. After receipt by the Company, (A) Holders entitled to such property must look to the Company for payment as general creditors, unless
applicable abandoned property law designates another Person, and (B) all liability of the Purchase Contract Agent with respect to such property shall cease. 

Section 4.13. No Fractional Shares. No fractional shares representing fractional shares of Common Stock shall be issued or
delivered to Holders upon settlement of the Purchase Contracts. In lieu of any fractional shares of Common Stock that would otherwise be issuable upon settlement of any Purchase Contracts, a Holder of a Purchase Contract shall be entitled to receive
an amount in cash equal to the fraction of a share of Common Stock, calculated on an aggregate basis in respect of the Purchase Contracts being settled (provided that, so long as the Units are held as Global Units, the Company may elect to
aggregate Units for purposes of these calculations on any basis permitted by the applicable procedures of the Depositary), multiplied by the Daily VWAP of the Common Stock on the Trading Day immediately preceding the applicable Settlement
Date. To the extent the Purchase Contract Agent is obligated to make any payments on behalf of the Company pursuant to this Agreement, the Company shall provide the Purchase Contract Agent with sufficient funds to permit the Purchase Contract Agent
to make all such cash payments in a timely manner. 
 ARTICLE V 

ADJUSTMENTS 

Section 5.01. Adjustments to the Fixed Settlement Rates. (a) Each Fixed Settlement Rate shall be subject to the following
adjustments, without duplication: 
 (i) Stock Dividends and Distributions. If the Company exclusively issues shares
of Common Stock to all or substantially all holders of the Common Stock as a dividend or distribution on shares of the Common Stock, or if the Company effects a share split or share combination, then each Fixed Settlement Rate will be adjusted based
on the following formula: 

  
 33 

 

 
  

			
	where,
		
	SR0 =	  	such Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such dividend or distribution, or immediately prior to the open of business on the Effective Date of such share split or share
combination, as applicable;
		
	SR1 =	  	such Fixed Settlement Rate in effect immediately after the close of business on such Record Date or immediately after the open of business on such Effective Date, as applicable;
		
	OS0 =	  	the number of shares of Common Stock outstanding immediately prior to the close of business on such Record Date or immediately prior to the open of business on such Effective Date, as applicable (before giving effect to any such
dividend, distribution, share split or share combination); and
		
	OS1 =	  	the number of shares of Common Stock outstanding immediately after giving effect to such dividend, distribution, share split or share combination.

 Any adjustment made under this clause (i) shall become effective immediately after
the close of business on the Record Date for such dividend or distribution, or immediately after the open of business on the Effective Date for such share split or share combination, as applicable. If any dividend or distribution of the type
described in this clause (i) is declared but not so paid or made, the Fixed Settlement Rate shall be immediately readjusted, effective as of the date the Company determines not to pay such dividend or distribution, to the Fixed Settlement Rates
that would then be in effect if such dividend or distribution had not been declared. 
 (ii) Issuance of Stock Purchase
Rights. If the Company issues to all or substantially all holders of Common Stock any rights, options or warrants entitling such holders, for a period of no more than 45 calendar days after the announcement date of such issuance, to subscribe
for or purchase shares of Common Stock at a price per share that is less than the average of the Closing Prices of Common Stock for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of
announcement of such issuance, then each Fixed Settlement Rate will be increased based on the following formula: 
  
 

 
  

			
	where,	  	
		
	SR0 =	  	such Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such issuance;
		
	SR1 =	  	such Fixed Settlement Rate in effect immediately after the close of business on such Record Date;
		
	OS0 =	  	the number of shares of Common Stock outstanding immediately prior to the close of business on such Record Date;

  
 34 

 
			
	X =	  	the total number of shares of Common Stock issuable pursuant to such rights, options or warrants; and
		
	Y =	  	the number of shares of Common Stock equal to the aggregate price payable to exercise such rights, options or warrants, divided by the average of the Closing Prices of Common Stock over the 10 consecutive Trading Day period
ending on, and including, the Trading Day immediately preceding the date of announcement of the issuance of such rights, options or warrants.

 Any increase made under this clause (ii) shall be made successively whenever any
such rights, options or warrants are issued and shall become effective immediately after the close of business on the Record Date for such issuance. To the extent that shares of Common Stock are not delivered after the expiration of such rights,
options or warrants, the Fixed Settlement Rates shall be decreased to the Fixed Settlement Rates that would then be in effect had the increase with respect to the issuance of such rights, options or warrants been made on the basis of delivery of
only the number of shares of Common Stock actually delivered. If such rights, options or warrants are not so issued, the Fixed Settlement Rates shall be decreased to the Fixed Settlement Rates that would then be in effect if such Record Date for
such issuance had not occurred. 
 For the purpose of this clause (ii), in determining whether any rights, options or
warrants entitle the Holders to subscribe for or purchase shares of Common Stock at less than such average of the Closing Prices for the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the date of
announcement of such issuance, and in determining the aggregate offering price of such shares of Common Stock, there shall be taken into account any consideration received by the Company for such rights, options or warrants and any amount payable on
exercise or conversion thereof, the value of such consideration, if other than cash, to be determined by the Company. 

(iii) Debt or Asset Distribution. (A) If the Company distributes shares of its Capital Stock, evidences of its
indebtedness, other assets or property of the Company or rights, options or warrants to acquire Capital Stock or other securities of the Company, to all or substantially all holders of Common Stock, excluding (1) dividends, distributions or
issuances as to which an adjustment was effected pursuant to Section 5.01(a)(i) or Section 5.01(a)(ii), (2) dividends or distributions paid exclusively in cash as to which the provisions set forth in Section 5.01(a)(iv) shall apply,
(3) distributions of Exchange Property issued upon conversion of, or in exchange for, Common Stock in a transaction described in Section 5.02 and (4) Spin-Offs as to which the provisions set forth below in this
Section 5.01(a)(iii) shall apply, then each Fixed Settlement Rate will be increased based on the following formula: 
  

 
  

			
	where,	  	
		
	SR0 =	  	such Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such distribution;
		
	SR1 =	  	such Fixed Settlement Rate in effect immediately after the close of business on such Record Date;

  
 35 

 
			
	SP0 =	  	the average of the Closing Prices of Common Stock over the 10 consecutive Trading Day period ending on, and including, the Trading Day immediately preceding the Ex-Dividend Date for such
distribution; and
		
	FMV=	  	the fair market value (as determined by the Company) of the shares of Capital Stock, evidences of indebtedness, assets, property, rights, options or warrants distributed with respect to each outstanding share of Common Stock on the
Record Date for such distribution.

 Any increase made pursuant to subparagraph (A) of this clause (iii) shall
become effective immediately after the close of business on the Record Date for such distribution. If such distribution described in subparagraph (A) of this clause (iii) is not so paid or made, the Fixed Settlement Rates shall be
decreased to be the Fixed Settlement Rates that would then be in effect if such distribution had not been declared. 

Notwithstanding the foregoing, if “FMV” (as defined above) is equal to or greater than “SP0” (as defined above), in lieu of the foregoing increase, each Holder of a Purchase Contract shall receive, in respect of each Purchase Contract, at the same time and upon the same terms as
holders of Common Stock and without having to early settle their Purchase Contracts, the amount and kind of the Company’s Capital Stock, evidences of its indebtedness, other assets or property of the Company or rights, options or warrants to
acquire the Company’s Capital Stock or other securities that such holder would have received if such holder owned a number of shares of Common Stock equal to the Maximum Settlement Rate in effect on the Record Date for the distribution. 

(B) With respect to an adjustment pursuant to this Section 5.01(iii) where there has been a payment of a dividend or other
distribution on the Common Stock of shares of Capital Stock of any class or series, or similar equity interest, of or relating to any Subsidiary or other business unit of the Company, that are, or, when issued, will be, listed or admitted for
trading on a U.S. national securities exchange (a “Spin-Off”), then each Fixed Settlement Rate shall be increased based on the following formula: 

 
 

 
  

			
	where,	  	
		
	SR0 =	  	such Fixed Settlement Rate in effect immediately prior to the end of the Valuation Period;
		
	SR1 =	  	such Fixed Settlement Rate in effect immediately after the end of the Valuation Period;
		
	FMV0=	  	the average of the Closing Prices of the Capital Stock or similar equity interest distributed to holders of the Common Stock applicable to one share of Common Stock (determined by reference to the definition of Closing Price as if
references therein to Common Stock were to such Capital Stock or similar equity interest) over the first 10 consecutive Trading Day period after, and including, the Ex-Dividend Date of the Spin-Off (the “Valuation Period”); and
		
	MP0 =	  	the average of the Closing Prices of the Common Stock over the Valuation Period.

  
 36 

 The adjustment to the Fixed Settlement Rates under the preceding paragraph
will occur at the close of business on the last Trading Day of the Valuation Period; provided that, if any Determination Date occurs during the Valuation Period, the reference in the preceding paragraph to 10 consecutive Trading Days shall be
deemed to be replaced with such lesser number of Trading Days as have elapsed from, and including the Ex-Dividend Date of such Spin-Off to, and including, such
Determination Date for purposes of determining the Fixed Settlement Rates. 
 (iv) Cash Dividends or Cash
Distributions. If any cash dividend or distribution is made to all or substantially all holders of Common Stock, then each Fixed Settlement Rate will be adjusted based on the following formula: 

 
 

 
  

			
	where,	  	
		
	SR0 =	  	such Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such dividend or distribution;
		
	SR1 =	  	such Fixed Settlement Rate in effect immediately after the close of business on the Record Date for such dividend or distribution;
		
	SP0 =	  	the Closing Price of Common Stock on the Trading Day immediately preceding the Ex-Dividend Date for such dividend or distribution; and
		
	C =	  	the amount in cash per share we distribute to all or substantially all holders of Common Stock.

 Any increase made pursuant to this Section 5.01(a)(iv) shall become effective
immediately after the close of business on the Record Date for such dividend or distribution. If such dividend or distribution is not so made or paid, the Fixed Settlement Rate shall be decreased, effective as of the date the Company determines not
to make or pay such dividend or distribution, to be the Fixed Settlement Rates that would then be in effect if such dividend or distribution had not been declared.     

Notwithstanding the foregoing, if “C” (as defined above) is equal to or greater than “SP0” (as defined above), in lieu of the foregoing increase, each Holder of a Purchase Contract shall receive, for each Purchase Contract, at the same time and upon the same terms as holders of
shares of Common Stock and without having to early settle their Purchase Contracts, the amount of cash that such Holder would have received if such Holder owned a number of shares of Common Stock equal to the Maximum Settlement Rate on the Record
Date for such cash dividend or distribution. 
 (v) Self Tender Offers and Exchange Offers. If the Company or any
Subsidiary of the Company makes a payment in respect of a tender or exchange offer for the Common Stock (other than any odd-lot tender offer), to the extent that the cash and value of any other consideration
included in the payment per share of Common Stock exceeds the average of Closing Prices of Common Stock over the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the last date on which tenders or
exchanges may be made pursuant to such tender or exchange offer, then each Fixed Settlement Rate will be increased based on the following formula: 

  
 37 

 

 
  

			
	where,	  	
		
	SR0 =	  	such Fixed Settlement Rate in effect immediately prior to the close of business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender or exchange offer expires;
		
	SR1 =	  	such Fixed Settlement Rate in effect immediately after the close of business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender or exchange offer expires;
		
	AC =	  	the aggregate value of all cash and any other consideration (as determined by the Company) paid or payable for shares purchased in such tender or exchange offer;
		
	OS0 =	  	the number of shares of Common Stock outstanding immediately prior to the date such tender or exchange offer expires (prior to giving effect to the purchase of all shares accepted for purchase or exchange in such tender or exchange
offer);
		
	OS1 =	  	the number of shares of Common Stock outstanding immediately after the date such tender or exchange offer expires (after giving effect to the purchase of all shares accepted for purchase or exchange in such tender or exchange
offer); and
		
	SP1 =	  	the average of the Closing Prices of Common Stock over the 10 consecutive Trading Day period commencing on, and including, the Trading Day next succeeding the date such tender or exchange offer expires.

 The adjustment to the Fixed Settlement Rates under the preceding paragraph will occur at
the close of business on the 10th Trading Day immediately following, and including, the Trading Day next succeeding the date such tender or exchange offer expires; provided that, if any Determination Date occurs during the 10 consecutive
Trading Day period commencing on, and including, the Trading Day next succeeding the date such tender or exchange offer expires, references in the preceding paragraph to 10 consecutive Trading Days and 10th Trading Day will be deemed to be replaced
with such lesser number of Trading Days as have elapsed from, and including, the Trading Day immediately following the date such tender or exchange offer expires to, and including, such Determination Date for the purposes of determining the Fixed
Settlement Rates. 
 If the Company is obligated to purchase shares of Common Stock pursuant to any such tender or exchange
offer described in this Section 5.01(a)(v) but is permanently prevented by applicable law from effecting any such purchase or all such purchases are rescinded, the Fixed Settlement Rates shall be readjusted to the Fixed Settlement Rates that
would then be in effect if such tender or exchange offer had not been made or had been made only in respect of the purchases that have been made. 

(b) Issuance of Common Stock or Convertible Securities. Except as stated herein, the Company will not adjust the Fixed Settlement Rates
for the issuance of shares Common Stock or any securities convertible into or exchangeable for shares of Common Stock or the right to purchase shares of Common Stock or such convertible or exchangeable securities. 

  
 38 

 (c) Rights Plans. If the Company has a rights plan in effect on any Determination
Date, Holders of a Purchase Contract shall receive, in addition to any shares of the Common Stock received in connection with settlement of Purchase Contracts, the rights under such rights plan. However, if, prior to such Determination Date, the
rights have separated from the shares of the Common Stock, in accordance with the provisions of the applicable rights plan, the Fixed Settlement Rates shall be adjusted at the time of separation of such rights as if the Company distributed to all or
substantially all holders of the Common Stock, shares of the Company’s Capital Stock, evidences of its indebtedness, assets, property, rights, options or warrants as described in Section 5.01(a)(iii), subject to readjustment in the event
of the expiration, termination or redemption of such rights. 
 (d) Discretionary Adjustments. The Company may make such increases in
each Fixed Settlement Rate, in addition to any other increases required by this Article 5, as the Company determines to be in its best interests or the Company deems advisable to avoid or diminish any income tax to holders of the Common Stock
resulting from any dividend or distribution of shares of Common Stock (or issuance of rights, options or warrants to acquire shares of Common Stock) or from any event treated as such for income tax purposes or for any other reasons; provided
that, in each case, the same proportionate increase must be made to each Fixed Settlement Rate. 
 (e) Calculation of
Adjustments. All adjustments to each Fixed Settlement Rate shall be calculated to the nearest 1/10,000th of a share of Common Stock. No adjustment in a Fixed Settlement Rate shall be required unless such adjustment would require an increase or
decrease of at least one percent therein. If any adjustment is not required to be made by reason of this Section 5.01(e), then such adjustment shall be carried forward and taken into account in any subsequent adjustment; provided that on
each Determination Date, adjustments to each Fixed Settlement Rate shall be made with respect to any such adjustment carried forward and which has not been taken into account before such Determination Date. 

(f) Adjustments to Prices Over a Period. Whenever the Company is required to calculate the Closing Prices, the Daily VWAPs or any other
prices or amounts over a span of multiple days (including, without limitation, the Applicable Market Value or the Stock Price), the Board of Directors shall make appropriate adjustments, if any, consistent with Sections 5.01(a), to each to account
for any adjustment to the Fixed Settlement Rates if the related Record Date, Ex-Dividend Date, Effective Date or expiration date of any tender or exchange offer occurs during the period in which the Closing
Prices, the Daily VWAPs or such other prices or amounts are to be calculated. 
 (g) Limitation on Adjustments. No adjustment to the
Fixed Settlement Rates shall be made if Holders of Units or any separate Purchase Contracts participate (other than in the case of (x) a share split or share combination or (y) a tender or exchange offer), at the same time and upon the
same terms as holders of the Common Stock and solely as a result of holding the Purchase Contracts, in the transaction that would otherwise give rise to an adjustment without having to settle the Purchase Contracts as if such Holder held a number of
shares of the Common Stock equal to the Maximum Settlement Rate, multiplied by the number of Purchase Contracts held by such Holder. In addition, the Fixed Settlement Rates shall only be adjusted as set forth above and shall not be adjusted:

 (A) upon the issuance of any shares of Common Stock pursuant to any present or future plan providing for the reinvestment
of dividends or interest payable on the Company’s securities and the investment of additional optional amounts in shares of Common Stock under any plan; 

(B) upon the issuance of any Common Stock or rights, options or warrants to purchase those shares pursuant to any present or
future employee, director or consultant benefit or incentive plan or program of or assumed by the Company or any of its Subsidiaries; 

  
 39 

 (C) upon the repurchase of any Common Stock pursuant to an open market share
repurchase program or other buy-back transaction that is not a tender offer or exchange offer of the nature described in Section 5.01(a)(v) hereof; 

(D) for the sale or issuance of shares of Common Stock, or securities convertible into or exercisable for shares of Common
Stock, for cash, including at a price per share less than the Fair Market Value thereof or otherwise or in an acquisition, except as described in Sections 5.01(a)(i) through (v) hereof; 

(E) for a third-party tender offer (other than a tender offer by a Subsidiary of the Company); 

(F) upon the issuance of any shares of Common Stock pursuant to any option, warrant, right or exercisable, exchangeable or
convertible security outstanding as of the Issue Date; or 
 (G) solely for a change in, or elimination of, the par value of
the Common Stock. 
 (h) Notice of Adjustment. Whenever the Fixed Settlement Rates are adjusted, the Company shall: 

(i) deliver to the Purchase Contract Agent an Officer’s Certificate setting forth in reasonable detail the method by which
the adjustment to each Fixed Settlement Rate was determined and setting forth each revised Fixed Settlement Rate; and 
 (ii)
within five Business Days following the occurrence of an event requiring such adjustment, provide or cause to be provided a written notice of the adjustment to Holders describing in reasonable detail the method by which each Fixed Settlement Rate
was adjusted. 
 Section 5.02. Reorganization Events. (a) In the event of: 

(i) any consolidation or merger of the Company with or into another Person (other than a merger or consolidation in which the
Company is the continuing or surviving corporation and in which the Common Stock outstanding immediately prior to the merger or consolidation is not exchanged for cash, securities or other property of the Company or another Person); 

(ii) any sale, transfer, lease or conveyance to another Person of all or substantially all of the property and assets of the
Company; 
 (iii) any reclassification of Common Stock into securities, including securities other than Common Stock; or 

(iv) any statutory exchange of securities of the Company with another Person (other than in connection with a merger or
acquisition); 

  
 40 

 in each case, as a result of which the Common Stock would be converted into, or exchanged
for, securities, cash or other property (each, a “Reorganization Event”), each Purchase Contract outstanding immediately prior to such Reorganization Event shall, without the consent of Holders, become a contract to purchase the
kind of securities, cash and/or other property (the “Exchange Property”) that a holder of Common Stock would have been entitled to receive immediately prior to such Reorganization Event and, prior to or at the effective time of such
Reorganization Event, the Company or the successor or purchasing Person, as the case may be, shall execute with the Purchase Contract Agent and the Trustee a supplemental agreement permitted under Section 9.01(iv) amending this Agreement and
the Purchase Contracts to provide for such change in the right to settle the Purchase Contracts. For purposes of the foregoing, the type and amount of Exchange Property in the case of any Reorganization Event that causes the Common Stock to be
converted into, or exchanged for, the right to receive more than a single type of consideration (determined based in part upon any form of shareholder election) will be deemed to be the weighted average of the types and amounts of consideration
actually received by the holders of Common Stock. The Company shall notify the Purchase Contract Agent in writing of such weighted average as soon as practicable after such determination is made. The number of units of Exchange Property the Company
shall deliver for each Purchase Contract settled following the effective date of such Reorganization Event shall be equal to the number of shares of Common Stock that the Company would otherwise be required to deliver as determined based on the
Fixed Settlement Rates then in effect on the applicable Determination Date, or such other settlement rates as provided herein (without any interest thereon and without any right to dividends or distributions thereon which have a Record Date that is
prior to the close of business on the Determination Date). Each Fixed Settlement Rate shall be determined based upon the Applicable Market Value of a unit of Exchange Property that a holder of one share of Common Stock would have received in such
Reorganization Event. 
 For purposes of this Section 5.02(a), “Applicable Market Value” shall be deemed to refer to
the Applicable Market Value of the Exchange Property and such value shall be determined (A) with respect to any publicly traded securities that comprise all or part of the Exchange Property, based on the Daily VWAP of such securities,
(B) in the case of any cash that comprises all or part of the Exchange Property, based on the amount of such cash and (C) in the case of any other property that comprises all or part of the Exchange Property, based on the value of such
property, as determined by a nationally recognized independent investment banking firm retained by the Company for this purpose. For purposes of this Section 5.02(a), the term “Daily VWAP” shall be determined by reference to
the definition of Daily VWAP as if references therein to Common Stock were to such publicly traded securities that comprise all or part of the Exchange Property. For purposes of this Section 5.02(a), references to Common Stock in the definition
of “Trading Day” shall be replaced by references to any publicly traded securities that comprise all or part of the Exchange Property. 

If the Exchange Property in respect of any Reorganization Event includes, in whole or in part, securities of another Person, such supplemental
agreement described in the second immediately preceding paragraph shall be executed by such other Person and shall (x) provide for anti-dilution and other adjustments that shall be as nearly equivalent as practicable to the adjustments provided
for in this Article 5, and (y) otherwise modify the terms of this Agreement and the Purchase Contracts to reflect the substitution of the applicable Exchange Property for the Common Stock (or other Exchange Property then underlying the Purchase
Contracts). 
 (b) In the event the Company shall execute a supplemental agreement pursuant to Section 5.02(a), the Company shall as
promptly as practicable file with the Purchase Contract Agent an Officers’ Certificate briefly stating the reasons therefor, the kind or amount of cash, securities or property or asset that will comprise the Exchange Property after any such
Reorganization Event, any adjustment to be made with respect thereto and that all conditions precedent have been complied with, and shall promptly notify Holders thereof. The Company (or any successor) shall, within 20 days of the occurrence of any
Reorganization Event or, if earlier, within 20 days of the execution of any supplemental agreement pursuant to Section 5.02(a), provide written notice to the Purchase Contract Agent and Holders of such occurrence of such event and of the kind
and amount of the cash, securities or other property that constitute the Exchange Property and of the execution of such supplemental agreement, if applicable. Failure to deliver such notice shall not affect the operation of this Section 5.02 or
the legality or validity of any such supplemental agreement. 

  
 41 

 (c) The Company shall not become a party to any Reorganization Event unless its terms are
consistent with this Section 5.02. None of the foregoing provisions shall affect the right of a Holder of Purchase Contracts to effect Early Settlement pursuant to Section 4.06 and Section 4.07 prior to the effective date of such
Reorganization Event. 
 (d) The above provisions of this Section 5.02 shall similarly apply to successive Reorganization Events and
the provisions of Section 5.01 shall apply to any shares of Capital Stock of the Company (or any successor) received by the holders of Common Stock in any such Reorganization Event. 

ARTICLE VI 
 CONCERNING
THE HOLDERS OF PURCHASE CONTRACTS 
 Section 6.01. Evidence of Action Taken by Holders. Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Agreement to be given or taken by a specified percentage of number of Purchase Contracts may be embodied in and evidenced by one or more instruments of substantially similar tenor
signed by such specified percentage of Holders in Person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Purchase
Contract Agent. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Agreement and (subject to Section 8.01 and Section 8.03) conclusive in favor of the Purchase
Contract Agent and the Company, if made in the manner provided in this Article 6. 
 Section 6.02. Proof of Execution of Instruments
and of Holding of Securities. Subject to Section 8.01 and Section 8.03, the execution of any instrument by a Holder or his agent or proxy may be proved in the following manner: 

(a) The fact and date of the execution by any Holder of any instrument may be proved by the certificate of any notary public or other officer
of any jurisdiction authorized to take acknowledgments of deeds or administer oaths that the Person executing such instruments acknowledged to him the execution thereof, or by an affidavit of a witness to such execution sworn to before any such
notary or other such officer. Where such execution is by or on behalf of any legal entity other than an individual, such certificate or affidavit shall also constitute sufficient proof of the authority of the Person executing the same. 

(b) The ownership of the Units and the Purchase Contracts shall be proved by the Security Register or by a certificate of the Security
Registrar. 
 Section 6.03. Purchase Contracts Deemed Not Outstanding. In determining whether the Holders of the requisite
number of Outstanding Purchase Contracts have concurred in any direction, consent or waiver under this Agreement, Purchase Contracts which are owned by the Company or by any Affiliate of the Company with respect to which such determination is being
made shall be disregarded and deemed not to be Outstanding Purchase Contracts for the purpose of any such determination, except that for the purpose of determining whether the Purchase Contract Agent shall be protected in relying on any such
direction, consent or waiver only Purchase Contracts which a Responsible Officer of the Purchase Contract Agent knows are so owned shall be so disregarded. Purchase Contracts so owned which have been pledged in good faith may be regarded as
Outstanding Purchase Contracts if the pledgee establishes 

  
 42 

 
to the satisfaction of the Purchase Contract Agent the pledgee’s right so to act with respect to such Purchase Contracts and that the pledgee is not the Company or any Affiliate of the
Company. In case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Purchase Contract Agent in accordance with such advice. Upon request of the Purchase Contract Agent, the Company
shall furnish to the Purchase Contract Agent as promptly as practicable an Officers’ Certificate listing and identifying all Purchase Contracts, if any, known by the Company to be owned or held by or for the account of any of the above
described Persons; and, subject to Section 8.01 and Section 8.03, the Purchase Contract Agent shall be entitled to accept such Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that all
Purchase Contracts not listed therein are Outstanding Purchase Contracts for the purpose of any such determination. 
 Section 6.04.
Right of Revocation of Action Taken. At any time prior to (but not after) the evidencing to the Purchase Contract Agent, as provided in Section 6.01, of the taking of any action by the Holders of the percentage of the number of Purchase
Contracts specified in this Agreement in connection with such action, any Holder of a Purchase Contract the serial number of which is shown by the evidence to be included among the serial numbers of the Purchase Contracts the Holders of which have
consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding as provided in this Article 6, revoke such action so far as concerns such Purchase Contract; provided that such revocation shall
not become effective until three Business Days after such filing. Except as aforesaid, any such action taken by the Holder of any Purchase Contract shall be conclusive and binding upon such Holder and upon all future Holders and owners of such
Purchase Contract and of any Purchase Contracts issued in exchange or substitution therefor or on registration of transfer thereof, irrespective of whether or not any notation in regard thereto is made upon any such Purchase Contract. Any action
taken by the Holders of the percentage of the number of Purchase Contracts specified in this Agreement in connection with such action shall be conclusively binding upon the Company, the Purchase Contract Agent, the Trustee and the Holders of all the
Purchase Contracts affected by such action. 
 Section 6.05. Record Date for Consents and Waivers. The Company may, but shall
not be obligated to, establish a record date for the purpose of determining the Persons entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Agreement to
be given made or taken by Holders of Purchase Contracts. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and any such Persons, shall be entitled to give, make or take any such request, demand,
authorization, direction, notice, consent, waiver or other action, whether or not such Holder remains a Holder after such record date; provided, however, that unless such waiver or consent is obtained from the Holders, or duly
designated proxies, of the requisite number of Outstanding Purchase Contracts prior to the date which is the 120th day after such record date, any such waiver or consent previously given shall automatically and, without further action by any Holder
be cancelled and of no further effect. 
 ARTICLE VII 

REMEDIES 

Section 7.01. Unconditional Right of Holders to Receive Shares of Common Stock. Each Holder of a Purchase Contract (whether or not
included in a Unit) shall have the right, which is absolute and unconditional, to receive the shares of Common Stock pursuant to such Purchase Contract and to institute suit for the enforcement of any such right to receive the shares of Common
Stock, and such right shall not be impaired without the consent of such Holder. 

  
 43 

 Section 7.02. Notice To Purchase Contract Agent; Limitation On
Proceedings. Holders of not less than 25% of Outstanding Purchase Contracts, by written notice given to the Purchase Contract Agent, may request that Purchase Contract Agent to institute proceedings with respect to a default relating to any
covenant hereunder; provided, subject to Section 7.08 and Article VIII hereof, the Purchase Contract Agent shall have no obligation to institute any such proceeding. No Holder of Purchase Contracts may institute any proceedings, judicial
or otherwise, with respect to this Agreement or for any remedy hereunder, except in the case of failure of the Purchase Contract Agent, for 60 days, to act after the Purchase Contract Agent has received a written request to institute proceedings in
respect of a default with respect to any covenant hereunder from the Holders of not less than 25% of the Outstanding Purchase Contracts, as well as an offer of indemnity reasonably satisfactory to the Purchase Contract Agent. This provision will not
prevent any Holder of Purchase Contracts from instituting suit for the delivery of Common Stock deliverable upon settlement of the Purchase Contracts on any Settlement Date. 

Section 7.03. Restoration of Rights and Remedies. If any Holder or the Purchase Contract Agent has instituted any proceeding to
enforce any right or remedy under this Agreement and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to such Holder or the Purchase Contract Agent, then and in every such case, subject to any
determination in such proceeding, the Company and such Holder or the Purchase Contract Agent shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of such Holder shall continue as
though no such proceeding had been instituted. 
 Section 7.04. Rights and Remedies Cumulative. Except as otherwise provided
with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 3.10, no right or remedy herein conferred upon or reserved to the Holders or the Purchase Contract Agent is intended
to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 7.05. Delay or Omission Not Waiver. No delay or omission of any Holder or the Purchase Contract Agent to exercise
any right or remedy upon a default hereunder shall impair any such right or remedy or constitute a waiver of any such right. Every right and remedy given by this Article or by law to the Holders or the Purchase Contract Agent may be exercised from
time to time, and as often as may be deemed expedient, by such Holders or the Purchase Contract Agent. 
 Section 7.06. Undertaking
for Costs. All parties to this Agreement agree, and each Holder of a Purchase Contract, by its acceptance of such Purchase Contract 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 Agreement, or in any suit against the Purchase Contract Agent for any action taken, suffered or omitted by it as Purchase Contract Agent, 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 and costs 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; provided that the provisions of this Section shall not apply to any suit instituted by (a) the Purchase Contract Agent, (b) any Holder, or group of Holders, holding in the aggregate more than 10% of the
Outstanding Purchase Contracts, or (c) any Holder for the enforcement of the right to receive shares of Common Stock or other Exchange Property issuable upon settlement of the Purchase Contracts held by such Holder. 

Section 7.07. Waiver of Stay or Execution Laws. The Company covenants (to the extent that it may lawfully do so) that it
will not at any time insist upon, or plead, or in any manner whatsoever claim or assume or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the
performance of this Agreement; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein
granted to the Purchase Contract Agent or the Holders, but will suffer and permit the execution of every such power as though no such law had been enacted. 

  
 44 

 Section 7.08. Control by Majority. The Holders of not less than a majority in
number of the Outstanding Purchase Contracts shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Purchase Contract Agent, or of exercising any trust or power conferred upon the
Purchase Contract Agent; provided that the Purchase Contract Agent has received indemnity reasonably satisfactory to it. Notwithstanding the foregoing, the Purchase Contract Agent may refuse to follow any direction that is in conflict with
any law or the Purchase Contract Agreement, or that may involve it in personal liability. 
 ARTICLE VIII 

THE PURCHASE CONTRACT AGENT AND THE TRUSTEE 

Section 8.01. Certain Duties and Responsibilities. (a) Each of the Purchase Contract Agent and the Trustee undertakes to
perform, with respect to the Units and Purchase Contracts, such duties and only such duties as are specifically delegated to it and set forth in this Agreement. 

(b) No provision of this Agreement shall be construed to relieve the Purchase Contract Agent from liability for its own grossly negligent
action, its own grossly negligent failure to act or its own willful misconduct, except that: 
 (i) the duties and
obligations of the Purchase Contract Agent with respect to the Purchase Contracts shall be determined solely by the express provisions of this Agreement, and the Purchase Contract Agent shall not be liable except for the performance of such duties
and obligations as are specifically set forth in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Purchase Contract Agent or the Trustee; 

(ii) in the absence of bad faith on the part of the Purchase Contract Agent and/or the Trustee, as applicable, the Purchase
Contract Agent and/or the Trustee, as applicable, may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any statements, certificates or opinions furnished to the Purchase Contract Agent
and/or the Trustee, as applicable, and conforming to the requirements of this Agreement; but in the case of any such statements, certificates or opinions which by any provision hereof are specifically required to be furnished to the Purchase
Contract Agent and/or the Trustee, the Purchase Contract Agent and/or the Trustee, as applicable, shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Agreement; 

(iii) the Purchase Contract Agent and/or the Trustee, as applicable, shall not be liable for any error of judgment made in good
faith by a Responsible Officer or Responsible Officers of the Purchase Contract Agent and/or the Trustee, as applicable, unless it shall be proved that the Purchase Contract Agent was negligent in ascertaining the pertinent facts; and 

(iv) the Purchase Contract Agent and/or the Trustee, as applicable, shall not be liable with respect to any action taken or
omitted to be taken by it in good faith in accordance with the direction of the Holders pursuant to Section 7.08 relating to the time, method and place of conducting any proceeding for any remedy available to the Purchase Contract Agent and/or
the Trustee, as applicable, or exercising any right or power conferred upon the Purchase Contract Agent and/or the Trustee, as applicable, under this Agreement. 

  
 45 

 (c) This Agreement shall not be deemed to create a fiduciary relationship under state or
federal law between American Stock Transfer & Trust Company, LLC, in its capacity as the Purchase Contract Agent, and any Holder of any Equity-Linked Security or between American Stock Transfer & Trust Company, LLC in its capacity
as Trustee under the Indenture, and any Holder of any Purchase Contract (whether separated or as part of a Unit). Nothing herein shall be deemed to govern or effect the Trustee’s rights, duties, responsibilities, benefits, protections,
indemnities or immunities with respect to the Notes, which shall be governed by the Indenture. 
 None of the provisions contained in this
Agreement shall require the Purchase Contract Agent to expend or risk its own funds or otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there shall be
reasonable ground for believing that the repayment of such funds or adequate indemnity against such liability is not reasonably assured to it. 

Section 8.02. Notice of Default. Within 90 days after the occurrence of any default by the Company hereunder of which a
Responsible Officer of the Purchase Contract Agent has knowledge (subject to Section 8.03(h) hereof), the Purchase Contract Agent shall notify the Company and the Holders of Purchase Contracts of such default hereunder, unless such Responsible
Officer of the Purchase Contract Agent has actual knowledge that such default shall have been cured or waived. 
 Section 8.03.
Certain Rights of Purchase Contract Agent. Subject to the provisions of Section 8.01: 
 (a) the Purchase Contract Agent may
rely and shall be protected in acting or refraining from acting upon any resolution, Officers’ Certificate or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note, coupon,
security or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 
 (b)
any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by an Officers’ Certificate or Issuer Order (unless other evidence in respect thereof be herein specifically prescribed); and any resolution
of the Board of Directors may be evidenced to the Purchase Contract Agent by a Board Resolution; 
 (c) the Purchase Contract Agent may
consult with counsel of its selection and any advice of such counsel promptly confirmed in writing shall be full and complete authorization and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith
and in reliance thereon in accordance with such advice or Opinion of Counsel; 
 (d) the Purchase Contract Agent shall be under no
obligation to exercise any of the rights or powers vested in it by this Agreement at the request, order or direction of any of the Holders pursuant to the provisions of this Agreement (including, without limitation, pursuant to Section 7.08),
unless such Holders shall have offered to the Purchase Contract Agent reasonably satisfactory security or indemnity against the costs, expenses and liabilities which might be incurred therein or thereby; 

(e) the Purchase Contract Agent shall not be liable for any action taken or omitted by it in good faith and believed by it to be authorized or
within the discretion, rights or powers conferred upon it by this Agreement and in no case shall the Purchase Contract Agent be liable for any act or omission hereunder in the absence of its own gross negligence, willful misconduct or bad faith;

  
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 (f) the Purchase Contract Agent shall not be bound to make any investigation into the facts
or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, appraisal, bond, debenture, note, coupon, security, or other paper or document unless requested in writing so to do
by the Holders of not less than a majority in aggregate principal amount of the Outstanding Purchase Contracts; provided that, if the payment within a reasonable time to the Purchase Contract Agent of the costs, expenses or liabilities likely
to be incurred by it in the making of such investigation is, in the opinion of the Purchase Contract Agent, not reasonably assured to the Purchase Contract Agent by the security afforded to it by the terms of this Agreement, the Purchase Contract
Agent may require indemnity against such expenses or liabilities as a condition to proceeding; the reasonable expenses of every such investigation shall be paid by the Company or, if paid by the Purchase Contract Agent or any predecessor Purchase
Contract Agent, shall be repaid by the Company upon demand; 
 (g) the Purchase Contract Agent may execute any of the rights or powers
hereunder or perform any duties hereunder either directly or by or through agents or attorneys not regularly in its employ and the Purchase Contract Agent shall not be responsible for any misconduct or negligence on the part of any such agent or
attorney appointed with due care by it hereunder; 
 (h) the Purchase Contract Agent shall not be charged with knowledge of any default with
respect to a series of Securities unless either a Responsible Officer of the Purchase Contract Agent assigned to the Corporate Trust Office of the Purchase Contract Agent (or any successor division or department of the Purchase Contract Agent) shall
have received written notice of such default from the Company or any Holder; 
 (i) the Purchase Contract Agent shall not be liable for any
action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement and in no case shall the Purchase Contract Agent be liable for any losses,
costs or liabilities of any kind except for those arising directly out of its own gross negligence or willful misconduct; 
 (j) the
permissive rights of the Purchase Contract Agent hereunder shall not be construed as duties; 
 (k) in no event shall the Purchase Contract
Agent be liable for any consequential, special, punitive or indirect loss or damages, even if advised of the likelihood thereof in advance and regardless of the form of action; 

(l) the rights, privileges, protections, immunities and benefits given to the Purchase Contract Agent, including, without limitation, its
right to be indemnified, are extended to, and shall be enforceable by, the Purchase Contract Agent and the Trustee (whether or not the Trustee is expressly referred to in connection with any such rights, privileges, protections, immunities and
benefits) in each of their capacities hereunder, including, if applicable, as Bid Solicitation Agent, and to each agent, custodian and other Person employed to act hereunder; 

(m) each of the Purchase Contract Agent and the Trustee may request that the Company deliver an Officers’ Certificate setting forth the
name of the individuals and/or titles of Officers authorized at such time to take specific actions pursuant to this Agreement, which Officers’ Certificate may be signed by any Person authorized to sign an Officers’ Certificate, including
any Person specified as so authorized in any such Officers’ Certificate previously delivered and not superseded; 

  
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 (n) neither the Purchase Contract Agent nor the Trustee shall be responsible for delays or
failures in performance of its obligations hereunder resulting from acts beyond its reasonable control, which acts shall include but not be limited to acts of God, strikes, lockouts, riots, acts of war, epidemics, governmental regulations
superimposed after the fact, fire, communication line failures, computer viruses, power failures, earthquakes, terrorist attacks or other disasters, it being understood that each of the Purchase Contract Agent and 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; and 

(o) the Purchase Contract Agent shall not be required to exercise discretion in exercising its rights, powers or authorizations hereunder and
the Purchase Contract Agent shall be entitled to refrain from any such act unless and until the Purchase Contract Agent has received written direction from a majority in number of the Outstanding Purchase Contracts and indemnification satisfactory
to it and shall not be liable for any delay in acting caused while awaiting such direction. 
 Section 8.04. Not Responsible for
Recitals. The recitals contained herein and in the Certificates shall be taken as the statements of the Company and neither the Purchase Contract Agent nor the Trustee assumes any responsibility for their accuracy. Neither the Purchase Contract
Agent nor the Trustee makes any representations as to the validity or sufficiency of either this Agreement or of the Purchase Contracts. Neither the Purchase Contract Agent nor the Trustee shall be accountable for the use or application by the
Company of the proceeds in respect of the Purchase Contracts. 
 Section 8.05. May Hold Units and Purchase Contracts. Any
Security Registrar or any other agent of the Company, or the Purchase Contract Agent, the Trustee, the Bid Solicitation Agent and any of their Affiliates, in their individual or any other capacity, may become the owner of Units, Separate Purchase
Contracts and Separate Notes and may otherwise deal with the Company or any other Person with the same rights it would have if it were not Security Registrar or such other agent, or the Purchase Contract Agent or Bid Solicitation Agent. The Company
may become the owner of Units, Separate Purchase Contracts and Separate Notes. 
 Section 8.06. Money Held in Custody. Money
held by the Purchase Contract Agent in custody hereunder need not be segregated from other funds except to the extent required by law or provided herein. The Purchase Contract Agent shall be under no obligation to invest or pay interest on any money
received by it hereunder except as specifically instructed by the Company in an Issuer Order. 
 Section 8.07. Compensation,
Reimbursement and Indemnification. The Company covenants and agrees to pay to the Purchase Contract Agent from time to time, and the Purchase Contract Agent shall be entitled to, such compensation as shall be agreed to in writing between the
Company and the Purchase Contract Agent and the Company covenants and agrees to pay or reimburse the Purchase Contract Agent and each predecessor Purchase Contract Agent upon its request for all reasonable expenses, disbursements and advances
incurred or made by or on behalf of it in accordance with any of the provisions of this Agreement (including the reasonable compensation and the expenses and disbursements of its counsel and of all agents and other Persons not regularly in its
employ) except any such expense, disbursement or advance as may arise from its gross negligence or bad faith. The Company also covenants to indemnify the Purchase Contract Agent and each predecessor Purchase Contract Agent for, and to hold it
harmless against, any and all loss, liability, damage, claim or expense, including taxes (other than taxes based on the income of the Purchase Contract Agent), incurred without gross negligence or bad faith on its part, arising out of or in
connection with the acceptance or administration of this Agreement and its duties hereunder, including the costs and expenses of defending itself against or investigating any claim or liability (regardless of whether such claim is brought by the
Company or any third party). The provisions of this Section 8.07 shall survive the resignation or 

  
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removal of the Purchase Contract Agent and the termination of this Agreement. If the Purchase Contract Agent incurs any expenses, or if the Purchase Contract Agent is entitled to any compensation
for services rendered (including fees and expenses of its agent and counsel), in each case, in connection with the performance of its obligations under this Agreement after the occurrence of a Bankruptcy Event, then any such expenses or compensation
are intended to constitute expenses of administration under applicable Bankruptcy Laws. As security for the performance of the obligations of the Company under this Section the Purchase Contract Agent shall have a lien prior to the Holders upon all
property and funds held or collected by the Purchase Contract Agent as such, except funds or property held in trust for payment to the Holders. 

Section 8.08. Corporate Purchase Contract Agent Required; Eligibility. There shall at all times be a Purchase Contract Agent
hereunder. The Purchase Contract Agent shall at all times be a Person organized and doing business under the laws of the United States of America or of any state thereof or the District of Columbia having a combined capital and surplus of at least
$25,000,000, and which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by federal, state or District of Columbia authority, or a Person permitted to act as trustee by the Commission. If
such Person publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Person shall be
deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Purchase Contract Agent shall cease to be eligible in accordance with the provisions of this Section, it shall
resign immediately in the manner and with the effect specified in this Article. 
 Section 8.09. Resignation and Removal;
Appointment of Successor. (a) No resignation or removal of the Purchase Contract Agent and no appointment of a successor Purchase Contract Agent pursuant to this Article shall become effective until the acceptance of appointment by the
successor Purchase Contract Agent in accordance with the applicable requirements of Section 8.10. 
 (b) The Purchase Contract Agent
may resign at any time by giving written notice thereof to the Company 60 days prior to the effective date of such resignation. If the instrument of acceptance by a successor Purchase Contract Agent required by Section 8.10 shall not have been
delivered to the Purchase Contract Agent within 30 days after the giving of such notice of resignation, the resigning Purchase Contract Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a
successor Purchase Contract Agent. 
 (c) The Purchase Contract Agent may be removed at any time the Holders of a majority in number of the
Outstanding Purchase Contracts. If the instrument of acceptance by a successor Purchase Contract Agent required by Section 8.10 shall not have been delivered to the Purchase Contract Agent within 30 days after evidence of such removal is
delivered to the Company and Purchase Contract Agent, the removed Purchase Contract Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent. 

(d) If at any time: 

(i) the Purchase Contract Agent shall cease to be eligible under Section 8.08 and shall fail to resign after written
request therefor by the Company or by any such Holder; or 
 (ii) the Purchase Contract Agent shall be adjudged bankrupt or
insolvent or a receiver of the Purchase Contract Agent or of its property shall be appointed or any public officer shall take charge or control of the Purchase Contract Agent or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, then, in any such case, (x) the Company by a Board Resolution may remove the Purchase Contract Agent, or (y) any Holder who has been a bona fide Holder of a Purchase Contract for at least six months may, on
behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Purchase Contract Agent and the appointment of a successor Purchase Contract Agent. 

  
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 (e) If the Purchase Contract Agent shall resign, be removed or become incapable of acting,
or if a vacancy shall occur in the office of Purchase Contract Agent for any cause, the Company shall promptly appoint a successor Purchase Contract Agent and shall comply with the applicable requirements of Section 8.10. If no successor
Purchase Contract Agent shall have been so appointed by the Company and accepted appointment in the manner required by Section 8.10, any Holder who has been a bona fide Holder of a Purchase Contract for at least six months, on behalf of itself
and all others similarly situated, or the Purchase Contract Agent may petition at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent. 

(f) The Company shall give, or shall cause such successor Purchase Contract Agent to give, notice of each resignation and each removal of the
Purchase Contract Agent and each appointment of a successor Purchase Contract Agent to Holders. Each notice shall include the name of the successor Purchase Contract Agent and the address of its Corporate Trust Office. 

Section 8.10. Acceptance of Appointment by Successor. (a) In case of the appointment hereunder of a successor Purchase
Contract Agent, every such successor Purchase Contract Agent so appointed shall execute, acknowledge and deliver to the Company and to the retiring Purchase Contract Agent an instrument accepting such appointment, and thereupon the resignation or
removal of the retiring Purchase Contract Agent shall become effective and such successor Purchase Contract Agent, without any further act, deed or conveyance, shall become vested with all the rights, powers, agencies and duties of the retiring
Purchase Contract Agent. At the request of the Company or the successor Purchase Contract Agent, such retiring Purchase Contract Agent shall, upon its receipt of payment or reimbursement of any amounts due to it hereunder, execute and deliver an
instrument transferring to such successor Purchase Contract Agent all the rights, powers and trusts of the retiring Purchase Contract Agent and shall duly assign, transfer and deliver to such successor Purchase Contract Agent all property and money
held by such retiring Purchase Contract Agent hereunder. 
 (b) Upon request of any such successor Purchase Contract Agent, the Company
shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Purchase Contract Agent all such rights, powers and agencies referred to in paragraph (a) of this Section. 

(c) No successor Purchase Contract Agent shall accept its appointment unless at the time of such acceptance such successor Purchase Contract
Agent shall be qualified and eligible under this Article. 
 Section 8.11. Merger; Conversion; Consolidation or Succession to
Business. Any corporation into which the Purchase Contract Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Purchase Contract Agent
shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Purchase Contract Agent, shall be the successor of the Purchase Contract Agent hereunder; provided that such corporation shall be
otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. If any Equity-Linked Securities shall have been authenticated by the Trustee and Purchase
Contract Agent then in office, but not delivered, any successor by merger, conversion or consolidation to such Purchase Contract Agent may adopt such Purchase Contract Agent’s authentication and deliver the Equity-Linked Securities so
authenticated with the same effect as if such successor Purchase Contract Agent had itself authenticated such Equity-Linked Securities. 

  
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 Section 8.12. Preservation of Information; Communications to Holders.
(a) The Purchase Contract Agent shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders as received by the Purchase Contract Agent in its capacity as Security Registrar. 

(b) If three or more Holders (such three or more Holders, the “Applicants”) apply in writing to the Purchase Contract Agent,
and furnish to the Purchase Contract Agent reasonable proof that each such Applicant has owned a Unit or Separate Purchase Contract for a period of at least six months preceding the date of such application, and such application states that the
Applicants desire to communicate with other Holders with respect to their rights under this Agreement or under the Units or Separate Purchase Contracts and is accompanied by a copy of the form of proxy or other communication that such Applicants
propose to transmit, then the Purchase Contract Agent shall transmit to all the Holders copies of the form of proxy or other communication that is specified in such request, with reasonable promptness after a tender to the Purchase Contract Agent of
the materials to be transmitted and of payment, or provision for the payment, of the reasonable expenses of such transmission. 

Section 8.13. No Other Obligations of Purchase Contract Agent or Trustee. Except to the extent otherwise expressly provided in
this Agreement, neither the Purchase Contract Agent nor Trustee assumes any obligations, and neither the Purchase Contract Agent nor Trustee shall be subject to any liability, under this Agreement or any Security evidencing a Unit or Purchase
Contract in respect of the obligations of the Holder of any Unit or Purchase Contract thereunder. The Company agrees, and each Holder of a Security, by his or her acceptance thereof, shall be deemed to have agreed, that the Purchase Contract
Agent’s and/or Trustee’s authentication, as applicable, of the Securities shall be solely as agent and attorney-in-fact for the Holders, and that neither the
Purchase Contract Agent nor Trustee shall have any obligation to perform such Purchase Contracts (whether held as components of Units or Separate Purchase Contracts) on behalf of the Holders, except to the extent expressly provided in Article 3
hereof. 
 Section 8.14. Tax Compliance. (a) The Purchase Contract Agent shall comply with all applicable certification,
information reporting and withholding (including “backup” withholding) requirements imposed by applicable tax laws, regulations or administrative practice with respect to (i) any shares of Common Stock delivered upon settlement of the
Purchase Contracts, any amounts paid in lieu of fractional shares of Common Stock upon settlement of the Purchase Contracts, and any other amounts included in the Purchase Contract Settlement Fund paid to Holders upon settlement of any Purchase
Contracts or (ii) the issuance, delivery, holding, transfer or exercise of rights under the Purchase Contracts. Such compliance shall include, without limitation, the preparation and timely filing of required returns and the timely payment of
all amounts required to be withheld to the appropriate taxing authority or its designated agent. Notwithstanding anything to the contrary, but without limiting the requirements imposed by applicable tax laws, the Purchase Contract Agent’s
obligations under this Section 8.14 shall extend only to form 1099 reporting and any applicable withholding unless and until the Purchase Contract Agent is otherwise notified by the Company pursuant to paragraph (b) below. 

(b) The Purchase Contract Agent shall, in accordance with the terms hereof, comply with any written direction received from the Company with
respect to the execution or certification of any required documentation and the application of such requirements to particular payments or Holders or in other particular circumstances, and may for purposes of this Agreement conclusively rely on any
such direction in accordance with the provisions of Section 8.01(b)(ii). 

  
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 (c) The Purchase Contract Agent shall maintain all appropriate records documenting
compliance with such requirements, and shall make such records available, on written request, to the Company or its authorized representative within a reasonable period of time after receipt of such request. For the avoidance of doubt, any costs or
expenses incurred by the Purchase Contract Agent in connection with complying with its obligations under this Section 8.14 shall be covered by Section 8.07. 

ARTICLE IX 
 SUPPLEMENTAL
AGREEMENTS 
 Section 9.01. Supplemental Agreements Without Consent of Holders. Without the consent of any Holder, the
Company, the Purchase Contract Agent and the Trustee at any time and from time to time, may enter into one or more agreements supplemental hereto, in form satisfactory to the Company and the Purchase Contract Agent, for the purpose of modifying in
any manner the terms of the Purchase Contracts, or the provisions of this Agreement or the rights of the Holders in respect of the Purchase Contracts: 

(i) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants and
obligations of the Company under this Agreement and the Units and Separate Purchase Contracts, if any; 
 (ii) to add to the
covenants for the benefit of Holders or to surrender any of the Company’s rights or powers under this Agreement; 

(iii) to evidence and provide for the acceptance of appointment of a successor Purchase Contract Agent; 

(iv) upon the occurrence of a Reorganization Event, solely (i) to provide that each Purchase Contract will become a
contract to purchase Exchange Property and (ii) to effect the related changes to the terms of the Purchase Contracts and the provisions of this Agreement, in each case, pursuant to Section 5.02; 

(v) to conform the terms of the Purchase Contracts or the provisions of this Agreement to the “Description of the Purchase
Contracts,” and “Description of the Units” sections in the Prospectus Supplement; 
 (vi) to cure any
ambiguity, omission, defect or inconsistency; 
 (vii) to comply with the rules of the Depositary; or 

(viii) to make any other provisions with respect to such matters or questions, so long as such action does not adversely affect
the interest of the Holders, as determined by the Company in good faith. 
 Section 9.02. Supplemental Agreements with Consent of
Holders. With the consent of the Holders of not less than a majority in number of the Outstanding Purchase Contracts, the Company, when authorized by a Board Resolution, and the Purchase Contract Agent and the Trustee may enter into an one or
more agreements supplemental hereto for the purpose of modifying in any manner the terms of the Purchase Contracts, or the provisions of this Agreement or the rights of the Holders in respect of the Purchase Contracts; provided,
however, that, except as contemplated herein, no such supplemental agreement shall, without the consent of each Holder of an Outstanding Purchase Contract affected thereby: 

  
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 (i) reduce the number of shares of Common Stock deliverable upon settlement
of the Purchase Contracts (except to the extent expressly provided in Section 5.01); 
 (ii) change the Mandatory
Settlement Date, or adversely modify the right to settle Purchase Contracts early or the Fundamental Change Early Settlement Right; or 

(iii) reduce the above-stated percentage of Outstanding Purchase Contracts the consent of the Holders of which is required for
the modification or amendment of the provisions of the Purchase Contracts or the Purchase Contract Agreement. 
 It shall not be necessary
for any consent of Holders under this Section to approve the particular form of any proposed supplemental agreement, but it shall be sufficient if such consent shall approve the substance thereof. 

Section 9.03. Execution of Supplemental Agreements. In executing, or accepting the additional agencies created by, any
supplemental agreement permitted by this Article or the modifications thereby of the agencies created by this Agreement, the Purchase Contract Agent and the Trustee shall be provided, and (subject to Section 8.01) shall be fully protected in
relying upon, an Officers’ Certificate and an Opinion of Counsel stating that the execution of such supplemental agreement is authorized or permitted by this Agreement and does not violate the Indenture, and that any and all conditions
precedent to the execution and delivery of such supplemental agreement have been satisfied. The Purchase Contract Agent and the Trustee may, but shall not be obligated to, enter into any such supplemental agreement that affects the Purchase Contract
Agent’s or Trustee’s own rights, duties or immunities under this Agreement or otherwise. 
 Section 9.04. Effect of
Supplemental Agreements. Upon the execution of any supplemental agreement under this Article, this Agreement and the Equity-Linked Securities shall be modified in accordance therewith, and such supplemental agreement shall form a part of this
Agreement and the Equity Linked Securities for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder, shall be bound thereby. 

Section 9.05. Reference to Supplemental Agreements. Securities authenticated and delivered after the execution of any supplemental
agreement pursuant to this Article may, and shall if required by the Purchase Contract Agent, bear a notation in form approved by the Purchase Contract Agent as to any matter provided for in such supplemental agreement. If the Company shall so
determine, new Securities so modified as to conform, in the opinion of the Purchase Contract Agent, the Trustee and the Company, to any such supplemental agreement may be prepared and executed by the Company and authenticated and delivered by the
Purchase Contract Agent in exchange for outstanding Securities. 
 Section 9.06. Notice of Supplemental Agreements. After any
supplemental agreement under this Article becomes effective, the Company shall give to the Holders a notice briefly describing such supplemental agreement; provided, however, that the failure to give such notice to all Holders, or any
defect therein, shall not impair or affect the validity of such supplemental agreement. 
 ARTICLE X 

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 

Section 10.01. Covenant Not to Consolidate, Merge, Convey, Transfer or Lease Property Except Under Certain Conditions. The Company
covenants that it will not merge with and into, consolidate with any other Person or sell, assign, transfer, lease or convey all or substantially all of its properties and assets to any Person (other than any conveyance, transfer or lease to one or
more of the Company’s Wholly-Owned Subsidiaries), unless: 

  
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 (i) the successor entity to such consolidation or merger, or the entity
which acquires all or substantially all of the Company’s assets, shall expressly assume all of the Company’s obligations under the Purchase Contracts and this Agreement via a supplement to this Agreement; 

(ii) the successor entity to such consolidation or merger, or the entity which acquires all or substantially all of the
Company’s assets, shall be a corporation organized and existing under the laws of the United States or any state thereof or the District of Columbia; and 

(iii) immediately after the merger, consolidation, sale, assignment, transfer, lease or conveyance, no default has occurred and
is continuing under the Purchase Contracts or this Agreement. 
 Section 10.02. Rights and Duties of Successor Entity. In case
of any such merger, consolidation, sale, assignment, transfer or conveyance (but not any such lease) and upon any such assumption by a successor entity in accordance with Section 10.01, such successor entity shall succeed to and be substituted
for the Company with the same effect as if it had been named herein as the Company. Such successor entity thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Securities evidencing
Units or Purchase Contracts issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Purchase Contract Agent; and, upon the order of such successor entity, instead of the Company, and subject to all the
terms, conditions and limitations in this Agreement prescribed, the Purchase Contract Agent and the Trustee (if applicable) shall authenticate and deliver any Securities that previously shall have been signed and delivered by the officers of the
Company to the Purchase Contract Agent and the Trustee for authentication, and any Security evidencing Units or Purchase Contracts that such successor corporation thereafter shall cause to be signed and delivered to the Purchase Contract Agent and
the Trustee for that purpose. All the Securities issued shall in all respects have the same legal rank and benefit under this Agreement as the Securities theretofore or thereafter issued in accordance with the terms of this Agreement as though all
of such Securities had been issued at the date of the execution hereof. 
 In the event of any such merger, consolidation, sale, assignment,
transfer, lease or conveyance, such change in phraseology and form (but not in substance) may be made in the Securities evidencing Units or Purchase Contracts thereafter to be issued as may be appropriate. 

Section 10.03. Officers’ Certificate and Opinion of Counsel Given to Purchase Contract Agent. The Purchase
Contract Agent, subject to Section 8.01 and Section 8.03, shall receive an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any such merger, consolidation, sale, assignment, transfer, lease or conveyance,
and any such assumption, complies with the provisions of this Article and that all conditions precedent to the consummation of any such merger, consolidation, sale, assignment, transfer, lease or conveyance have been met. 

ARTICLE XI 
 COVENANTS OF
THE COMPANY; OTHER AGREEMENTS 
 Section 11.01. Performance Under Purchase Contracts. The Company covenants and agrees for
the benefit of the Holders from time to time of the Units and Purchase Contracts, as the case may be, that it will duly and punctually perform its obligations under the Units and Purchase Contracts, as the case may be, in accordance with the terms
of the Units and Purchase Contracts and this Agreement. 

  
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 Section 11.02. Maintenance of Office or Agency. The Company will maintain in the
Borough of Manhattan, New York City an office or agency where Securities may be presented or surrendered for acquisition of shares of Common Stock upon settlement of the Purchase Contracts on any Settlement Date, and where notices and demands to or
upon the Company in respect of the Purchase Contracts and this Agreement may be served. The Company will give prompt written notice to the Purchase Contract Agent of the location, and any change in the location, of such office or agency. If at any
time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Purchase Contract Agent with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate
Trust Office, and the Company hereby appoints the Purchase Contract Agent as its agent to receive all such presentations, surrenders, notices and demands. 

The Company may also from time to time designate one or more other offices or agencies where Securities may be presented or surrendered for
any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the
Borough of Manhattan, New York City for such purposes. The Company will give prompt written notice to the Purchase Contract Agent of any such designation or rescission and of any change in the location of any such other office or agency. The Company
hereby designates as the place of payment for the Purchase Contracts the Corporate Trust Office and appoints the Purchase Contract Agent at its Corporate Trust Office as paying agent in such city. 

Section 11.03. Statements of Officers of the Company as to Default; Notice of Default. The Company will deliver to the Purchase
Contract Agent, within 120 days after the end of each fiscal year of the Company (which fiscal year ends, as of the Issue Date, on December 31, 2022) ending after the date hereof, an Officers’ Certificate (one of the signers of which shall
be the principal executive officer, principal financial officer or principal accounting officer of the Company), stating whether or not to the knowledge of the signers thereof the Company is in default in the performance and observance of any of the
terms, provisions and conditions hereof, and if the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge and what action the Company is taking or proposes to take with respect
thereto. 
 Section 11.04. Existence. The Company shall do or cause to be done all things necessary to preserve and keep in full
force and effect its existence in accordance with its organizational documents; provided that this Section 11.04 shall not prohibit any transaction otherwise permitted by Article 10. 

Section 11.05. Company to Reserve Common Stock. The Company shall at all times reserve and keep available out of its authorized
but unissued Common Stock, solely for issuance upon settlement of the Purchase Contracts, the number of shares of Common Stock that would be issuable upon the settlement of all Outstanding Purchase Contracts (whether or not included in a Unit),
assuming settlement at the Maximum Settlement Rate. 
 Section 11.06. Covenants as to Common Stock. The Company covenants that
all shares of Common Stock issuable upon settlement of any Outstanding Purchase Contract will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable, free from all taxes, liens and charges and not subject to any preemptive
rights. 

  
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 The Company further covenants that, if at any time the Common Stock shall be listed on the
NYSE or any other national securities exchange, the Company will, if permitted by the rules of such exchange, list and keep listed, so long as the Common Stock shall be so listed on such exchange, all Common Stock issuable upon settlement of the
Purchase Contracts; provided, however, that, if the rules of such exchange system permit the Company to defer the listing of such Common Stock until the first delivery of Common Stock upon settlement of Purchase Contracts in accordance
with the provisions of this Agreement, the Company covenants to list such Common Stock issuable upon settlement of the Purchase Contracts in accordance with the requirements of such exchange at such time. 

Section 11.07. Tax Treatment. The Company and Purchase Contract Agent agree, and by purchasing a Unit each Holder and Beneficial
Holder agrees, for United States federal income tax purposes, to (a) treat a Unit as an investment unit composed of two separate instruments, in accordance with its form and (b) treat the Notes as indebtedness of the Company. 

Section 11.08. Withholding Matters. Notwithstanding anything to the contrary in this Agreement, the Company (or an agent acting on
behalf of the Company) shall be entitled to reduce or otherwise set-off against any payment or issuance made or deemed made to Holders or Beneficial Holders in respect of the Units, the Notes, the Purchase
Contracts or the Common Stock such amounts that the Company believes it or such agent is required to withhold by law. For the avoidance of doubt and without limiting the foregoing, if the Company is required to pay any withholding taxes on behalf of
a Holder or Beneficial Holder as a result of an adjustment to the Settlement Rate or otherwise, in the absence of an actual cash payment from which the Company is able to satisfy such withholding, the Company may, at its option, set-off such withholding against any present or future payments or issuances to such Holder or Beneficial Holder of cash and/or Common Stock in respect of the Units, the Notes, the Purchase Contracts or Common Stock
(including by withholding Common Stock, or cash in lieu of Common Stock, that would otherwise be issuable upon a settlement of the Purchase Contracts). Prior to or upon the occurrence of any event that results in an actual or deemed payment by the
Company to Holders or Beneficial Holders in respect of the Units, the Notes, the Purchase Contracts or the Common Stock, the Company (through any such agent) may request a Holder or Beneficial Holder to furnish (and such Holder or Beneficial Holder
shall furnish) any appropriate documentation that may be required in order to determine the Company’s withholding obligations under applicable law (including, without limitation, a United States Internal Revenue Service Form W-9, Form W-8BEN, Form W-8BEN-E, or Form W-8ECI, as
appropriate). 

  
 56 

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

			
	BROOKDALE SENIOR LIVING INC.
		
	By:	 	 /s/ Steven E. Swain

		 	Name: Steven E. Swain
		 	Title: Executive Vice President and Chief Financial Officer
	
	 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Purchase Contract
Agent

		
	By:	 	 /s/ Paul H. Kim

		 	Name: Paul H. Kim
		 	Title: Assistant General Counsel
	
	 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Trustee under the
Indenture

		
	By:	 	 /s/ Paul H. Kim

		 	Name: Paul H. Kim
		 	Title: Assistant General Counsel
	
	 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Attorney-in-Fact of the Holders from time to time as provided under the Purchase Contract Agreement

		
	By:	 	 /s/ Paul H. Kim

		 	Name: Paul H. Kim
		 	Title: Assistant General Counsel

 [Signature Page to Purchase Contract Agreement] 

 EXHIBIT A 

[FORM OF FACE OF UNIT] 
 [THIS
SECURITY IS A GLOBAL UNIT WITHIN THE MEANING OF THE PURCHASE CONTRACT AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE
OR IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”) TO THE NOMINEE OF THE DEPOSITARY OR 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 SUCCESSOR DEPOSITARY. 

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

	* 	 Include if a Global Unit. 

  
 A-1 

 BROOKDALE SENIOR LIVING INC. 

7.00% TANGIBLE EQUITY UNITS 
  

			
	CUSIP No. 112463 302	  	
	ISIN No. US1124633025	  	
	No. ___	  	[Initial]* Number of Units [_____]

 This Unit certifies that [CEDE & CO., as nominee of The Depository Trust Company]*[                ]** (the “Holder”), or registered
assigns, is the registered owner of the number of Units set forth above, [which number may from time to time be reduced or increased, as set forth on Schedule A, as appropriate, in accordance with the terms of the Purchase Contract Agreement (as
defined below), but]* which number, taken together with the number of all other outstanding Units, shall not exceed 2,500,000 (or 2,875,000 if the over-allotment option described in the Prospectus
Supplement is exercised in full) Units at any time. 
 Each Unit consists of (i) a Purchase Contract issued by the Company, and
(ii) a Note issued by the Company. Each Unit evidenced hereby is governed by a Purchase Contract Agreement, dated as of November 21, 2022 (as may be supplemented from time to time, the “Purchase Contract Agreement”),
between the Company and American Stock Transfer & Trust Company, LLC, as Purchase Contract Agent (including its successors hereunder, the “Purchase Contract Agent”), as Trustee (including its successors hereunder, the
“Trustee”) under the Indenture and as attorney-in-fact for the Holders of Purchase Contracts from time to time. 

Reference is hereby made to the Purchase Contract Agreement and the Indenture and, in each case supplemental agreements thereto, for a
description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Purchase Contract Agent, the Trustee, the Company and the Holders and of the terms upon which the Units are, and are to be, executed
and delivered. 
 Upon the conditions and under the circumstances set forth in the Purchase Contract Agreement, Holders of Units shall have
the right to separate a Unit into its component parts, and a Holder of a Separate Purchase Contract and Separate Note shall have the right to re-create a Unit. 

The Company agrees, and by purchasing a Unit each Beneficial Holder agrees, for United States federal income tax purposes, to (1) treat
each Unit as an investment unit composed of two separate instruments, in accordance with its form and (2) treat each Note as indebtedness of the Company. 

The Units shall be construed in accordance with and governed by the laws of the State of New York. 

Capitalized terms used herein and not defined have the meanings given to such terms in the Purchase Contract Agreement. 

In the event of any inconsistency between the provisions of this Unit and the provisions of the Purchase Contract Agreement, the Purchase
Contract Agreement shall prevail. 
  

	* 	 Include only if a Global Unit. 

	** 	 Include only if not a Global Unit. 

  
 A-2 

 [SIGNATURES ON THE FOLLOWING PAGE] 

  
 A-3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated:_____________ 
  

			
	BROOKDALE SENIOR LIVING INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-4 

 UNIT CERTIFICATE OF AUTHENTICATION 

OF PURCHASE CONTRACT AGENT AND TRUSTEE UNDER THE INDENTURE 

This is one of the Units referred to in the within mentioned Purchase Contract Agreement. 

Dated: _____________ 
  

			
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Purchase Contract Agent
		
	By:	 	  

		 	Authorized Signatory
	
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Trustee under the Indenture
		
	By:	 	  

		 	Authorized Signatory

  
 A-5 

 [FORM OF REVERSE OF UNIT] 

[Intentionally Blank] 

  
 A-6 

 SCHEDULE A* 

[SCHEDULE OF INCREASES OR DECREASES IN GLOBAL UNIT] 

The initial number of Units evidenced by this Global Unit is ____. The following increases or decreases in this Global Unit have been made:

  

									
	 Date
	  	 Amount of increase

in number of Units

evidenced by the
 Global
Unit
	  	 Amount of

decrease in number
 of Units
evidenced
 by the Global Unit
	  	 Number of Units
evidenced by the
Global
Unit
following such
decrease or
increase
	  	 Signature of
authorized

signatory of
Purchase
Contract Agent

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

  

	* 	 Include only if a Global Unit. 

  
 A-7 

 ATTACHMENT 1 

[FORM OF SEPARATION NOTICE] 
 AMERICAN STOCK
TRANSFER & TRUST COMPANY, LLC 
 [6201 15th Avenue 

Brooklyn, NY 11219 
 Attention: Corporate Trust Department] 

Re: Separation of [Global]* Units 

The undersigned [Beneficial Holder]* hereby notifies you that it wishes to separate _____
Units [as to which it holds a Book-Entry Interest]* (the “Relevant Units”) into a number of Notes equal to the number of Relevant Units and a number of Purchase Contracts equal to
the number of Relevant Units in accordance with the Purchase Contract Agreement (the “Purchase Contract Agreement”) dated November 21, 2022 between the Company and American Stock Transfer & Trust Company, LLC, as
Purchase Contract Agent, as Trustee under the Indenture and as attorney-in-fact for the Holders of Purchase Contracts from time to time. Terms used and not defined
herein have the meaning assigned to such terms in the Purchase Contract Agreement. 
 The undersigned [includes herewith]** [Beneficial Holder has instructed the undersigned Depository Participant to transfer to you its Book-Entry Interests in]* the number of Units
specified in the immediately succeeding paragraph. The undersigned [includes herewith]** [Beneficial Holder has furnished the undersigned Depository Participant with]* the appropriate endorsements
and documents and paid all applicable transfer or similar taxes, if any, to the extent required by the Purchase Contract Agreement. 

Please [deliver to the undersigned’s address specified below]** [transfer to the
account of the undersigned Beneficial Holder with the undersigned Depositary Participant the beneficial interests in]* (i) the number of Separate Notes and (ii) number of Separate Purchase
Contracts represented by the number of Units specified above. 
 [SIGNATURES ON THE FOLLOWING PAGE] 

 

	* 	 Include only if not a Global Unit. 

	* 	 Include only if a Global Unit. 

  
 A-8 

 IN WITNESS WHEREOF, the [undersigned has caused this instrument to be duly executed]* [Depository Participant has caused this instrument to be duly executed on behalf of itself and the undersigned Beneficial Holder]**. 

Dated: _______________ 
  

			
	[NAME OF BENEFICIAL HOLDER]
		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

  

			
	[NAME OF DEPOSITORY PARTICIPANT]*
		
	By:	 	  

		 	Name:
		 	Address:

 Attest By: 

 

	* 	 Include only if not a Global Unit 

	** 	 Include only if a Global Unit  

  
 A-9 

 ATTACHMENT 2 

[FORM OF RECREATION NOTICE] 
 AMERICAN STOCK
TRANSFER & TRUST COMPANY, LLC 
 [6201 15th Avenue 

Brooklyn, NY 11219 
 Attention: Corporate Trust Department] 

Re: Recreation of [Global]* Units 

The undersigned [Beneficial Holder]* hereby notifies you that it wishes to recreate ______
Units [as to which it holds a Book-Entry Interest]* (the “New Units”) from a number of Separate Notes equal to the number of New Units and a number of Separate Purchase Contracts
equal to the number of New Units in accordance with the Purchase Contract Agreement (the “Purchase Contract Agreement”) dated as of November 21, 2022 between the Company and American Stock Transfer & Trust Company,
LLC, as Purchase Contract Agent, as Trustee under the Indenture and as attorney-in-fact for the Holders of Purchase Contracts from time to time. Terms used and not
defined herein have the meaning assigned to such terms in the Purchase Contract Agreement. 
 The undersigned [includes herewith]** [Beneficial Holder has instructed the undersigned Depository Participant to transfer to you its Book-Entry Interests in]* the applicable number
of Separate Notes and the applicable number of Separate Purchase Contracts sufficient for the recreation of the number of Units specified above. The undersigned [includes herewith]** [Beneficial
Holder has furnished the undersigned Depository Participant with]* the appropriate endorsements and documents and paid all applicable transfer or similar taxes, if any, to the extent required by
the Purchase Contract Agreement. 
 Please [deliver to the undersigned’s address specified below]** [transfer to the account of the undersigned Beneficial Holder with the undersigned Depositary Participant the beneficial interests in]* the
number of Units specified above. 
 [SIGNATURES ON THE FOLLOWING PAGE] 

 
  

	* 	 Include only if a Global Unit. 

	** 	 Include only if not a Global Unit. 

  
 A-10 

 IN WITNESS WHEREOF, the [undersigned has caused this instrument to be duly executed]* [Depository Participant has caused this instrument to be duly executed on behalf of itself and the undersigned Beneficial Holder]**. 

Dated: _______________ 
  

			
	[NAME OF BENEFICIAL HOLDER]
		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

  

			
	[NAME OF DEPOSITORY PARTICIPANT]*
		
	By:	 	  

		 	Name:
		 	Address:

 Attest By: 
  

 

	* 	 Include only if not a Global Unit. 

	** 	 Include only if a Global Unit.  

  
 A-11 

 ATTACHMENT 3 

BROOKDALE SENIOR LIVING INC. 

PURCHASE CONTRACTS 
  

			
	 No. ___
	  	Initial Number of Purchase Contracts: __________

 This Purchase Contract certifies that, American Stock Transfer & Trust Company, LLC, as attorney-in-fact of holder(s) of the Purchase Contracts evidenced hereby, or its registered assigns (the “Holder”) is the registered owner of the number of
Purchase Contracts set forth above, which number may from time to time be reduced or increased as set forth on Schedule A hereto, as appropriate, in accordance with the terms of the Purchase Contract Agreement (as defined below), but which number of
Purchase Contracts, taken together with the number of all other Outstanding Purchase Contracts, shall not exceed 2,500,000 (or 2,875,000 if the over-allotment option described in the Prospectus Supplement is exercised in full) Purchase Contracts at
any time. 
 Each Purchase Contract consists of the rights of the Holder under such Purchase Contract with the Company. All capitalized
terms used herein which are defined in the Purchase Contract Agreement (as defined on the reverse hereof) have the meaning set forth therein. 

Each Purchase Contract evidenced hereby obligates the Company to deliver to the Holder of this Purchase Contract on the Mandatory Settlement
Date a number shares of Common Stock, $0.01 par value (“Common Stock”), of the Company equal to the Settlement Rate, unless such Purchase Contract has settled prior to the Mandatory Settlement Date, all as provided in the Purchase
Contract Agreement and more fully described on the reverse hereof. 
 Reference is hereby made to the further provisions set forth on the
reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 [SIGNATURES ON THE
FOLLOWING PAGE] 

  
 A-12 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
		 	BROOKDALE SENIOR LIVING INC.
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: _____________ 

  
 A-13 

 
			
	 REGISTERED HOLDER(S) (as to obligations of such holder(s) under the Purchase Contracts
evidenced hereby)

		
	By:	 	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, not individually but solely as Attorney-in-Fact of such holder(s)
		
	By:	 	  

		 	Name:
		 	Title:

  

  
 A-14 

 PURCHASE CONTRACT CERTIFICATE OF AUTHENTICATION OF 

PURCHASE CONTRACT AGENT 
 This is
one of the Purchase Contracts referred to in the within-mentioned Purchase Contract Agreement. 
  

			
	 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC as Purchase Contract
Agent

		
	By:	 	          

		 	Authorized Signatory

 Dated: 

  
 A-1 

 [REVERSE OF PURCHASE CONTRACT] 

Each Purchase Contract evidenced hereby is governed by a Purchase Contract Agreement, dated as of November 21, 2022 (as may be
supplemented from time to time, the “Purchase Contract Agreement”), between Brookdale Senior Living Inc., a Delaware corporation (the “Company”) and American Stock Transfer & Trust Company, LLC, as Purchase
Contract Agent (including its successors hereunder, the “Purchase Contract Agent”), as Trustee under the Indenture and as attorney-in-fact for the
Holders of Purchase Contracts from time to time. Reference is hereby made to the Purchase Contract Agreement and supplemental agreements thereto for a description of the respective rights, limitations of rights, obligations, duties and immunities
thereunder of the Purchase Contract Agent, the Company and the Holders and of the terms upon which the Purchase Contracts are, and are to be, executed and delivered. 

Each Purchase Contract evidenced hereby obligates the Company to deliver to the Holder of this Purchase Contract, on the Mandatory Settlement
Date, a number of shares of Common Stock equal to the Settlement Rate, unless such Purchase Contract has settled prior to the Mandatory Settlement Date, in either case, pursuant to the terms of the Purchase Contract Agreement. 

No fractional shares of Common Stock will be issued upon settlement of Purchase Contracts, as provided in Section 4.13 of the Purchase
Contract Agreement. 
 The Purchase Contracts are issuable only in registered form and only in denominations of a single Purchase Contract
and any integral multiple thereof. The transfer of any Purchase Contract will be registered and Purchase Contracts may be exchanged as provided in the Purchase Contract Agreement. 

The Purchase Contracts are initially being issued as part of the 7.00% Tangible Equity Units (the “Units”) issued by the
Company pursuant to the Purchase Contract Agreement. Holders of the Units have the right to separate such Units into their constituent parts, consisting of Separate Notes and Separate Purchase Contracts, during the times, and under the
circumstances, described in the Purchase Contract Agreement. Following separation of any Unit into its constituent parts, the Separate Purchase Contracts are transferable independently from the Separate Notes. In addition, Separate Purchase
Contracts can be recombined with Separate Notes to recreate Units, as provided for in the Purchase Contract Agreement. 
 The Holder of this
Purchase Contract, by its acceptance hereof, authorizes the Purchase Contract Agent to enter into and perform the Purchase Contract Agreement on its behalf as its
attorney-in-fact and agrees to be bound by the terms and provisions thereof. 

Subject to certain exceptions set forth in the Purchase Contract Agreement, the provisions of the Purchase Contract Agreement may be amended
with the consent of the Holders of a majority of the Purchase Contracts. 
 The Purchase Contracts shall be construed in accordance with
and governed by the laws of the State of New York. 
 The Company, the Purchase Contract Agent, and any agent of the Company or the
Purchase Contract Agent, may treat the Person in whose name this Purchase Contract is registered as the owner of the Purchase Contracts, evidenced hereby, for the purpose of performance of the Purchase Contracts evidenced by such Purchase Contracts
and for all other purposes whatsoever, and neither the Company nor the Purchase Contract Agent, nor any agent of the Company or the Purchase Contract Agent, shall be affected by notice to the contrary. 

  
 A-2 

 The Purchase Contracts shall not entitle the Holder to any of the rights of a holder of the
Common Stock or other Exchange Property, except as provided by the Purchase Contract Agreement. 
 Each Purchase Contract (whether or not
included in a Unit) is a security governed by Article 8 of the Uniform Commercial Code as in effect in the State of New York on the date hereof. 

Unless a conformed copy of the Purchase Contract Agreement has been filed on the EDGAR system of the U.S. Securities and Exchange Commission,
a copy of the Purchase Contract Agreement will be available for inspection at the offices of the Company. 
 In the event of any
inconsistency between the provisions of this Purchase Contract and the provisions of the Purchase Contract Agreement, the Purchase Contract Agreement shall prevail. 

  
 A-3 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

							
	TEN COM:	  	as tenants in common
	UNIF GIFT MIN ACT:	  	              
	  	Custodian	  	
                 

		  	(cust)	  		  	(minor)
		  	Under Uniform Gifts to Minors
		  	Act of	  	              

		  	              

	TENANT:	  	as tenants by the entireties
	JT TEN:	  	as joint tenants with rights of survivorship and not as tenants in common

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

(Please insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee) 

(Please Print or Type Name and Address Including Postal Zip Code of Assignee) 

the within Purchase Contracts and all rights thereunder, hereby irrevocably constituting and appointing
attorney                 , to transfer said Purchase Contracts on the books of the Company with full power of substitution in the premises. 

 

							
	DATED:                                 	 		 		 	Signature                                    
                                         
                           
				
		 		 		 	Notice : The signature to this assignment must correspond with the name as it appears upon the face of the within Purchase Contracts in every particular, without alteration or enlargement or any change whatsoever.

 Signature Guarantee: ___________________ 

  
 A-4 

 SETTLEMENT INSTRUCTIONS 

The undersigned Holder directs that a certificate for shares of Common Stock or other securities, as applicable, deliverable upon settlement
of the number of Purchase Contracts evidenced by this Purchase Contract be registered in the name of, and delivered, together with a check in payment for any fractional share, to the undersigned at the address indicated below unless a different name
and address have been indicated below. If shares of Common Stock or other securities, as applicable, are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incidental thereto, as
provided in the Purchase Contract Agreement. 
  

							
	Dated:                     	 		 		 	              

		 		 		 	Signature
		 		 		 	Signature Guarantee:__________
		 		 		 	(if assigned to another Person)

 If shares are to be registered in the name of and delivered to (or cash is to be paid to) a Person other than the Holder,
please (i) print such Person’s name and address and (ii) provide a guarantee of your signature: 
  

							
	              
	 		 		 	              

	Name	 		 		 	Name
				
	Address	 		 		 	Address
				
	              
	 		 		 	              

	  
	 		 		 	              

	Social Security or other Taxpayer Identification Number, if any	 		 		 	              

  
 A-5 

 ELECTION TO SETTLE EARLY 

The undersigned Holder of this Purchase Contract hereby irrevocably exercises the option to effect Early Settlement (which Early Settlement
may, as applicable, be deemed to be in connection with a Fundamental Change pursuant to Section 4.07 of the Purchase Contract Agreement) in accordance with the terms of the Purchase Contract Agreement with respect to the Purchase Contracts
evidenced by this Purchase Contract as specified below. The undersigned Holder directs that a certificate for shares of Common Stock or other securities, as applicable, deliverable upon such Early Settlement be registered in the name of, and
delivered, together with a check in payment for any fractional share and any Purchase Contract representing any Purchase Contracts evidenced hereby as to which Early Settlement is not effected, to the undersigned at the address indicated below
unless a different name and address have been indicated below. If shares of Common Stock or other securities, as applicable, are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable
incident thereto, as provided in the Purchase Contract Agreement. 
  

							
	Dated:                                 	 	        	 		 	          

		 		 		 	Signature
	
	Signature
Guarantee:                                       
                          

  
 A-6 

 Number of Purchase Contracts evidenced hereby as to which Early Settlement is being elected:

  

					
	If shares of Common Stock or Purchase Contracts are to be registered in the name of and delivered to a Person other than the Holder, please print such Person’s name and address:	 	        	 	 REGISTERED HOLDER
  

Please print name and address of Registered Holder:

	          
	 		 	          

	Name	 		 	Name
			
	Address	 		 	Address
	      
	 		 	  

	  
	 		 	  

	Social Security or other Taxpayer Identification Number, if any	 		 	  

  
 A-7 

 SCHEDULE A* 

SCHEDULE OF INCREASES OR DECREASES 

IN THE PURCHASE CONTRACT 
 The
initial number of Purchase Contracts evidenced by this certificate is _______. The following increases or decreases in this certificate have been made: 
  

									
	 Date
	  	Amount of
increase in
number of
Purchase
Contracts
evidenced
hereby	  	Amount of
decrease in
number of
Purchase
Contracts
evidenced
hereby	  	Number of
Purchase
Contracts
evidenced
hereby
following such
decrease or
increase	  	Signature of
authorized
signatory of
Purchase
Contract
Agent

 
  

	* 	 Include only if a Global Purchase Contract.  

  
 A-8 

 ATTACHMENT 4 

BROOKDALE SENIOR LIVING INC. 

10.25% SENIOR AMORTIZING NOTES DUE 2025 
 CUSIP
No.: 112463 AD6 
 ISIN No.: US112463AD65 
  

			
	No. [___]	 	[Initial]* Number of Notes: [_____]

 BROOKDALE SENIOR LIVING INC., a Delaware corporation (the “Company”, which term includes any
successor under the Indenture hereinafter referred to), for value received, hereby promises to pay to [CEDE & CO., as nominee of The Depository Trust Company]* [_________]**, or registered assigns (the “Holder”), the initial principal amount of $8.8996 for each of the number of Notes set forth above[, which number of Notes may from time to time be
reduced or increased as set forth in Schedule A hereto, as appropriate, in accordance with the terms of the Indenture]*, in equal quarterly installments (except for the first such payment) (each
such payment, an “Installment Payment”), constituting a payment of interest (at a rate of 10.25% per annum) and a partial repayment of principal, payable on each February 15, May 15, August 15 and November 15,
commencing on February 15, 2023 (each such date, an “Installment Payment Date”, and the period from, and including, November 21, 2022 to, but excluding, the first Installment Payment Date and thereafter each quarterly
period from, and including, the immediately preceding Installment Payment Date to, but excluding, the relevant Installment Payment Date, an “Installment Payment Period”) with the final Installment Payment due and payable on
November 15, 2025, all as set forth on the reverse hereof and in the Indenture referred to on the reverse hereof. 
 Each Installment
Payment for any Installment Payment Period shall be computed on the basis of a 360-day year of twelve 30-day months. If an Installment Payment is payable for any period
shorter than a full Installment Payment Period, such Installment Payment shall be computed on the basis of the actual number of days elapsed per 30-day month. Furthermore, if any date on which an Installment
Payment is payable is not a Business Day, then payment of the Installment Payment on such date shall be made on the next succeeding day that is a Business Day, and without any interest or other payment in respect of any such delay. Installment
Payments shall be paid to the Person in whose name the Note is registered, with limited exceptions as provided in the Indenture, at the close of business on the Business Day immediately preceding the related Installment Payment Date (each, a
“Regular Record Date”). If the Notes do not remain in book-entry only form, the Company shall have the right to elect that each Regular Record Date shall be each February 1, May 1, August 1 and November 1
immediately preceding the relevant Installment Payment Date by giving advance written notice to the Trustee and the Holders. Installment Payments shall be payable (x) in the case of any Certificated Note, at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York; provided, however, that payment of Installment Payments may be made at the option of the Company by check mailed to the registered Holder at such address as
shall appear in the Security Register or (y) in the case of any Global Note, by wire transfer in immediately available funds to the account of the Depositary or its nominee or otherwise in accordance with applicable procedures of the
Depositary. 
  

	* 	 Include only if a Global Note. 

	** 	 Include only if not a Global Note. 

  
 A-9 

 This Note shall not be entitled to any benefit under the Indenture hereinafter referred to
or be valid or obligatory for any purpose until the Certificate of Authentication shall have been manually signed by or on behalf of the Trustee. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 [SIGNATURES ON THE FOLLOWING PAGE] 

  
 A-10 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: ____________ 
  

			
	BROOKDALE SENIOR LIVING INC.
		
	By:	 	          

	Name:	 	
	Title:	 	

 CERTIFICATE OF AUTHENTICATION 

AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, 
 as
Trustee, certifies 
 that this is one of the Securities of the series 

designated herein referred to in the within 
 mentioned Indenture.

 Dated: 
 AMERICAN STOCK TRANSFER & TRUST COMPANY,
LLC, 
 as Trustee 
  

			
	By:	 	          

		 	Authorized Signatory

  
 A-11 

 [REVERSE OF NOTE] 

BROOKDALE SENIOR LIVING INC. 

10.25% Senior Amortizing Notes due 2025 

This Note is one of a duly authorized series of Securities of the Company designated as its 10.25% Senior Amortizing Notes due 2025 (herein
sometimes referred to as the “Notes”), issued under the Indenture, dated as of November 21, 2022, between the Company and American Stock Transfer & Trust Company, LLC, as trustee (the “Trustee,” which
term includes any successor trustee under the Indenture) (including any provisions of the Trust Indenture Act that are deemed incorporated therein) (the “Base Indenture”), as supplemented by the First Supplemental Indenture, dated
as of November 21, 2022 (the “Supplemental Indenture”), between the Company and the Trustee (the Base Indenture, as supplemented by the Supplemental Indenture, the “Indenture”), to which Indenture reference is
hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders. The terms of other series of Securities issued under the Base Indenture may vary with
respect to interest rates, issue dates, maturity, redemption, repayment, currency of payment and otherwise as provided in the Base Indenture. The Base Indenture further provides that securities of a single series may be issued at various times, with
different maturity dates and may bear interest at different rates. This series of Securities is limited in aggregate initial principal amount as specified in the Supplemental Indenture. 

Each Installment Payment shall constitute a payment of interest (at a rate of 10.25% per annum) and a partial repayment of principal on the
Notes, allocated with respect to each Note as set forth in the schedule below: 
  

									
	Scheduled Installment Payment Date	  	 Amount of

Principal
	 	  	 Amount of

Interest
	 
	 February 15, 2023
	  	$	0.6038	 	  	$	0.2128	 
	 May 15, 2023
	  	$	0.6624	 	  	$	0.2126	 
	 August 15, 2023
	  	$	0.6794	 	  	$	0.1956	 
	 November 15, 2023
	  	$	0.6968	 	  	$	0.1782	 
	 February 15, 2024
	  	$	0.7147	 	  	$	0.1603	 
	 May 15, 2024
	  	$	0.7330	 	  	$	0.1420	 
	 August 15, 2024
	  	$	0.7518	 	  	$	0.1232	 
	 November 15, 2024
	  	$	0.7710	 	  	$	0.1040	 
	 February 15, 2025
	  	$	0.7908	 	  	$	0.0842	 
	 May 15, 2025
	  	$	0.8110	 	  	$	0.0640	 
	 August 15, 2025
	  	$	0.8318	 	  	$	0.0432	 
	 November 15, 2025
	  	$	0.8531	 	  	$	0.0219	 

 The Notes shall not be subject to redemption at the option of the Company. However, a Holder shall have the
right to require the Company to repurchase some or all of its Notes for cash at the Repurchase Price per Note and on the Repurchase Date, upon the occurrence of certain events and subject to the conditions set forth in the Indenture. 

This Note is not entitled to the benefit of any sinking fund. The Indenture contains provisions for satisfaction and discharge, legal
defeasance and covenant defeasance of this Note upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Note. 

  
 A-12 

 If an Event of Default with respect to the Notes shall occur and be continuing, then (unless
no declaration of acceleration or notice is required for such Event of Default) either the Trustee or the Holders of not less than 25% in principal amount of the Notes then outstanding may declare the aggregate principal amount of the Notes, and all
interest accrued thereon, to be due and payable immediately, in the manner, subject to the conditions and with the effect provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the Company and the Trustee, with the consent of the Holders of not less
than a majority in principal amount of the Notes at the time outstanding, to execute supplemental indentures for certain purposes as described therein. 

No provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the Repurchase Price, if applicable, of and all Installment Payments on this Note at the time, place and rate, and in the coin or currency, herein and in the Indenture prescribed. 

The Notes are originally being issued as part of the 7.00% Tangible Equity Units (the “Units”) issued by the Company pursuant
to that certain Purchase Contract Agreement, dated as of November 21, 2022, between the Company and American Stock Transfer & Trust Company, LLC, as Purchase Contract Agent, as Trustee and as attorney-in-fact for the holders of Purchase Contracts from time to time (the “Purchase Contract Agreement”). Holders of the Units have the right to separate such Units into their constituent
parts, consisting of Separate Purchase Contracts (as defined in the Purchase Contract Agreement) and Separate Notes, during the times, and under the circumstances, described in the Purchase Contract Agreement. Following separation of any Unit into
its constituent Separate Note and Separate Purchase Contract, the Separate Notes are transferable independently from the Separate Purchase Contracts. In addition, Separate Notes can be recombined with Separate Purchase Contracts to recreate Units,
as provided for in the Purchase Contract Agreement. Reference is hereby made to the Purchase Contract Agreement for a more complete description of the terms thereof applicable to the Units. 

The Company, the Trustee and any agent of the Company or the Trustee may deem and treat the Person in whose name this Note is registered upon
the Security register for the Notes as the absolute owner of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the
principal of and, subject to the provisions of the Indenture, interest on this Note and for all other purposes; and neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be affected by any notice to the contrary. 

The Notes are initially issued in registered, global form without coupons in denominations equal to $8.8996 initial principal amount and
integral multiples in excess thereof. 
 No service charge shall be made to any holder for any registration of, transfer or exchange of the
Notes, but the Company or the Trustee may require payment by the holder of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in connection with any registration of transfer or exchange of the Notes (other
than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.7, 3.6 or 9.6 of the Base Indenture). 

THIS NOTE SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF SUCH STATE, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE
LAWS AND RULES 327(b). 

  
 A-13 

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

Capitalized terms used but not defined in this Note shall have the meanings ascribed to such terms in the Indenture. 

The Company and each Beneficial Holder agrees, for United States federal income tax purposes, to treat the Notes as indebtedness of the
Company. 
 In the event of any inconsistency between the provisions of this Note and the provisions of the Indenture, the Indenture shall
prevail. 

  
 A-14 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned assigns and transfers this Note to: 

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

(Insert address and zip code of assignee) 
 and irrevocably
appoints 
 agent to transfer this Note on the books of the Company. The agent may substitute another to act for him or her. 

Date: _____________ 
  

	
	Signature:
	
	Signature Guarantee:

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

  
 A-15 

 SIGNATURE GUARANTEE 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include
membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended. 
  

			
	By:	 	          

		 	Name:
		 	Title:

 as Trustee 
  

			
	By:	 	          

		 	Name:
		 	Title:

 Attest 
  

			
	By:	 	          

		 	Name:
		 	Title:

  
 A-16 

 FORM OF REPURCHASE NOTICE 

 

	TO:	 BROOKDALE SENIOR LIVING INC. 

AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Trustee 

The undersigned registered Holder hereby irrevocably acknowledges receipt of a notice from Brookdale Senior Living Inc. (the
“Company”) regarding the right of Holders to elect to require the Company to repurchase the Notes and requests and instructs the Company to pay, for each Note designated below, the Repurchase Price for such Notes (determined as set
forth in the Indenture), in accordance with the terms of the Indenture and the Notes, to the registered holder hereof. Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in the Indenture. The Notes shall be
repurchased by the Company as of the Repurchase Date pursuant to the terms and conditions specified in the Indenture. 
 Dated: ______________ 

Signature: 

NOTICE: The above signature of the Holder hereof must correspond with the name as written upon the face of the Notes in every particular
without alteration or enlargement or any change whatever. 
 Notes Certificate Number (if applicable): __________________ 

Number of Notes to be repurchased (if less than all, must be one Note or integral multiples in excess thereof): __________________ 

Social Security or Other Taxpayer Identification Number: __________________ 

  
 A-17 

 SCHEDULE A 

[SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE]* 

The initial number of Notes evidenced by this Global Note is ________. The following increases or decreases in this Global Note have been
made: 
  

									
	 Date
	  	Amount of
decrease
in number of
Notes
evidenced hereby	  	Amount of
increase
in number of
Notes
evidenced hereby	  	Number of Notes
evidenced hereby
following such
decrease (or
increase)	  	Signature of
authorized
officer
of Trustee

  

 

	*	 Include only if a Global Note. 

  
 A-18 

 EXHIBIT B 

[FORM OF FACE OF PURCHASE CONTRACT] 

[THIS SECURITY IS A GLOBAL PURCHASE CONTRACT WITHIN THE MEANING OF THE PURCHASE CONTRACT AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED
IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”) TO THE NOMINEE OF THE DEPOSITARY OR 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 SUCCESSOR DEPOSITARY. 
 UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]* 
  

 

	* 	 Include only if a Global Purchase Contract.  

  
 B-1 

 BROOKDALE SENIOR LIVING INC. 

PURCHASE CONTRACTS 
 CUSIP No. 112463 401

 ISIN No. US1124634015 

No.                     [Initial]* Number of Purchase Contracts: [_____] 
 This Purchase Contract certifies that
[CEDE & CO., as nominee of The Depository Trust Company]* [______]**, or its registered assigns (the “Holder”) is the
registered owner of the number of Purchase Contracts set forth above, [which number may from time to time be reduced or increased as set forth on Schedule A hereto, as appropriate, in accordance with the terms of the Purchase Contract Agreement (as
defined below), but]* which number of Purchase Contracts, taken together with the number of all other Outstanding Purchase Contracts, shall not exceed 2,500,000 (or 2,875,000 if the over-allotment
option described in the Prospectus Supplement is exercised in full) Purchase Contracts at any time. 
 Each Purchase Contract consists of
the rights of the Holder under such Purchase Contract with the Company. All capitalized terms used herein which are defined in the Purchase Contract Agreement (as defined on the reverse hereof) have the meaning set forth therein. 

Each Purchase Contract evidenced hereby obligates the Company to deliver to the Holder of this Purchase Contract on the Mandatory Settlement
Date a number shares of Common Stock, $0.01 par value (“Common Stock”), of the Company equal to the Settlement Rate, unless such Purchase Contract has settled prior to the Mandatory Settlement Date, all as provided in the Purchase
Contract Agreement and more fully described on the reverse hereof. 
 Reference is hereby made to the further provisions set forth on the
reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 [SIGNATURES ON THE
FOLLOWING PAGE] 
  
  

	* 	 Include only if a Global Purchase Contract. 

	** 	 Include only not if a Global Purchase Contract. 

  
 B-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	BROOKDALE SENIOR LIVING INC.
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: _____________ 

  
 B-3 

 
			
	 REGISTERED HOLDER(S) (as to obligations of such holder(s) under the Purchase Contracts
evidenced hereby)
  
 By: AMERICAN STOCK
TRANSFER & TRUST COMPANY, LLC, not individually but solely as Attorney-in-Fact of such holder(s)

		
	 By:
	 	          

		 	Name:
		 	Title:

  
 B-4 

 PURCHASE CONTRACT CERTIFICATE OF AUTHENTICATION OF 

PURCHASE CONTRACT AGENT 
 This is
one of the Purchase Contracts referred to in the within-mentioned Purchase Contract Agreement. 
  

			
	 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Purchase Contract
Agent

		
	By:	 	  

		 	Authorized Signatory

 Dated: ____________________ 

  
 B-5 

 [REVERSE OF PURCHASE CONTRACT] 

Each Purchase Contract evidenced hereby is governed by a Purchase Contract Agreement, dated as of November 21, 2022 (as may be
supplemented from time to time, the “Purchase Contract Agreement”), between Brookdale Senior Living Inc., a Delaware corporation (the “Company”) and American Stock Transfer & Trust Company, LLC, as Purchase
Contract Agent (including its successors hereunder, the “Purchase Contract Agent”), as Trustee under the Indenture and as attorney-in-fact for the
Holders of Purchase Contracts from time to time. Reference is hereby made to the Purchase Contract Agreement and supplemental agreements thereto for a description of the respective rights, limitations of rights, obligations, duties and immunities
thereunder of the Purchase Contract Agent, the Company and the Holders and of the terms upon which the Purchase Contracts are, and are to be, executed and delivered. 

Each Purchase Contract evidenced hereby obligates the Company to deliver to the Holder of this Purchase Contract, on the Mandatory Settlement
Date, a number of shares of Common Stock equal to the Settlement Rate, unless such Purchase Contract has settled prior to the Mandatory Settlement Date, in either case, pursuant to the terms of the Purchase Contract Agreement. 

No fractional shares of Common Stock will be issued upon settlement of Purchase Contracts, as provided in Section 4.13 of the Purchase
Contract Agreement. 
 The Purchase Contracts are issuable only in registered form and only in denominations of a single Purchase Contract
and any integral multiple thereof. The transfer of any Purchase Contract will be registered and Purchase Contracts may be exchanged as provided in the Purchase Contract Agreement. 

The Purchase Contracts are initially being issued as part of the 7.00% Tangible Equity Units (the “Units”) issued by the
Company pursuant to the Purchase Contract Agreement. Holders of the Units have the right to separate such Units into their constituent parts, consisting of Separate Notes and Separate Purchase Contracts, during the times, and under the
circumstances, described in the Purchase Contract Agreement. Following separation of any Unit into its constituent parts, the Separate Purchase Contracts are transferable independently from the Separate Notes. In addition, Separate Purchase
Contracts can be recombined with Separate Notes to recreate Units, as provided for in the Purchase Contract Agreement. 
 The Holder of this
Purchase Contract, by its acceptance hereof, authorizes the Purchase Contract Agent to enter into and perform the Purchase Contract Agreement on its behalf as its
attorney-in-fact and agrees to be bound by the terms and provisions thereof. 

Subject to certain exceptions set forth in the Purchase Contract Agreement, the provisions of the Purchase Contract Agreement may be amended
with the consent of the Holders of a majority of the Purchase Contracts. 
 The Purchase Contracts shall be construed in accordance with
and governed by the laws of the State of New York. 
 The Company, the Purchase Contract Agent, and any agent of the Company or the
Purchase Contract Agent, may treat the Person in whose name this Purchase Contract is registered as the owner of the Purchase Contracts, evidenced hereby, for the purpose of performance of the Purchase Contracts evidenced by such Purchase Contracts
and for all other purposes whatsoever, and neither the Company nor the Purchase Contract Agent, nor any agent of the Company or the Purchase Contract Agent, shall be affected by notice to the contrary. 

  
 B-6 

 The Purchase Contracts shall not entitle the Holder to any of the rights of a holder of the
Common Stock or other Exchange Property, except as provided by the Purchase Contract Agreement. 
 Each Purchase Contract (whether or not
included in a Unit) is a security governed by Article 8 of the Uniform Commercial Code as in effect in the State of New York on the date hereof. 

Unless a conformed copy of the Purchase Contract Agreement has been filed on the EDGAR system of the U.S. Securities and Exchange Commission,
a copy of the Purchase Contract Agreement will be available for inspection at the offices of the Company. 
 In the event of any
inconsistency between the provisions of this Purchase Contract and the provisions of the Purchase Contract Agreement, the Purchase Contract Agreement shall prevail. 

  
 B-7 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

							
	TEN COM:	  	as tenants in common
	UNIF GIFT MIN ACT:	  	              
	  	Custodian	  	              

		  	(cust)	  		  	(minor)
		  	Under Uniform Gifts to Minors
		  	Act of	  	              

		  	
                 

	TENANT:	  	as tenants by the entireties
	JT TEN:	  	as joint tenants with rights of survivorship and not as tenants in common

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

(Please insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee) 

(Please Print or Type Name and Address Including Postal Zip Code of Assignee) 

the within Purchase Contracts and all rights thereunder, hereby irrevocably constituting and appointing attorney ___________, to transfer said Purchase
Contracts on the books of the Company with full power of substitution in the premises. 
  

							
	DATED:                                 	 		 		 	Signature                                    
                                         
                           
		 		 		 	Notice : The signature to this assignment must correspond with the name as it appears upon the face of the within Purchase Contracts in every particular, without alteration or enlargement or any change whatsoever.

 Signature Guarantee: _________________________ 

  
 B-8 

 SETTLEMENT INSTRUCTIONS 

The undersigned Holder directs that a certificate for shares of Common Stock or other securities, as applicable, deliverable upon settlement
of the number of Purchase Contracts evidenced by this Purchase Contract be registered in the name of, and delivered, together with a check in payment for any fractional share, to the undersigned at the address indicated below unless a different name
and address have been indicated below. If shares of Common Stock or other securities, as applicable, are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incidental thereto, as
provided in the Purchase Contract Agreement. 
  

							
	Dated:	 		 		 	              

		 		 		 	Signature
		 		 		 	Signature Guarantee:__________
		 		 		 	(if assigned to another Person)

 If shares are to be registered in the name of and delivered to (or cash is paid to) a Person other than the Holder, please
(i) print such Person’s name and address and (ii) provide a guarantee of your signature: 
  

							
	              
	 		 		 	              

	Name	 		 		 	Name
				
	Address	 		 		 	Address
				
	              
	 		 		 	              

	              
	 		 		 	              

	Social Security or other Taxpayer Identification Number, if any	 		 		 	              

  
 B-9 

 ELECTION TO SETTLE EARLY 

The undersigned Holder of this Purchase Contract hereby irrevocably exercises the option to effect Early Settlement (which Early Settlement
may, as applicable, be deemed to be in connection with a Fundamental Change pursuant to Section 4.07 of the Purchase Contract Agreement) in accordance with the terms of the Purchase Contract Agreement with respect to the Purchase Contracts
evidenced by this Purchase Contract as specified below. The undersigned Holder directs that a certificate for shares of Common Stock or other securities, as applicable, deliverable upon such Early Settlement be registered in the name of, and
delivered, together with a check in payment for any fractional share and any Purchase Contract representing any Purchase Contracts evidenced hereby as to which Early Settlement is not effected, to the undersigned at the address indicated below
unless a different name and address have been indicated below. If shares of Common Stock or other securities, as applicable, are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable
incident thereto, as provided in the Purchase Contract Agreement. 
  

							
	Dated:                     	 		 		 	              

		 		 		 	Signature
		
	Signature
Guarantee:                                       
                                         
             	 	

  
 B-10 

 Number of Purchase Contracts evidenced hereby as to which Early Settlement is being elected:

  

							
	If shares of Common Stock or Purchase Contracts are to be registered in the name of and delivered to a Person other than the Holder, please print such Person’s name and address:	 		 		 	 REGISTERED HOLDER
  

Please print name and address of Registered Holder:

	
                 
	 		 		 	
                 

	Name	 		 		 	Name
				
	Address	 		 		 	Address
				
	
                 
	 		 		 	
                 

	
                 
	 		 		 	
                 

	Social Security or other Taxpayer Identification Number, if any	 		 		 	
                 

  
 B-11 

 SCHEDULE A* 

[SCHEDULE OF INCREASES OR DECREASES 

IN THE PURCHASE CONTRACT] 
 The
initial number of Purchase Contracts evidenced by this certificate is _______. The following increases or decreases in this certificate have been made: 
  

									
	 Date
	 	 Amount of

increase in
 number
of
 Purchase

Contracts
 evidenced

hereby
	 	 Amount of

decrease in
 number
of
 Purchase

Contracts
 evidenced

hereby
	  	 Number of

Purchase
 Contracts

evidenced
 hereby

following such
 decrease
or
 increase
	  	 Signature of

authorized
 signatory
of
 Purchase

Contract Agent

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

	  
	 	  
	 	  
	  	  
	  	  

  

	* 	 Include only if a Global Purchase Contract. 

  
 B-12EX-4.4

 Exhibit 4.4 

BROOKDALE SENIOR LIVING INC. 

INDENTURE 
 Dated as of
November 21, 2022 
 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, 

as 
 Trustee 

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
			
	 Section 1.1
	 	Definitions	  	 	1	 
	 Section 1.2
	 	Other Definitions	  	 	6	 
	 Section 1.3
	 	Incorporation by Reference of Trust Indenture Act	  	 	6	 
	 Section 1.4
	 	Rules of Construction	  	 	7	 
		
	 ARTICLE 2 THE SECURITIES
	  	 	7	 
			
	 Section 2.1
	 	Issuable in Series	  	 	7	 
	 Section 2.2
	 	Establishment of Terms of Series of Securities	  	 	7	 
	 Section 2.3
	 	Execution and Authentication	  	 	10	 
	 Section 2.4
	 	Registrar and Paying Agent	  	 	11	 
	 Section 2.5
	 	Paying Agent to Hold Money in Trust	  	 	12	 
	 Section 2.6
	 	Securityholder Lists	  	 	13	 
	 Section 2.7
	 	Exchange and Registration of Transfer	  	 	13	 
	 Section 2.8
	 	Mutilated, Destroyed, Lost and Stolen Securities	  	 	14	 
	 Section 2.9
	 	Outstanding Securities	  	 	14	 
	 Section 2.10
	 	Treasury Securities	  	 	15	 
	 Section 2.11
	 	Temporary Securities	  	 	15	 
	 Section 2.12
	 	Cancellation	  	 	16	 
	 Section 2.13
	 	Defaulted Interest	  	 	16	 
	 Section 2.14
	 	Registered Global Securities	  	 	16	 
	 Section 2.15
	 	Computation of Interest	  	 	17	 
	 Section 2.16
	 	CUSIP and ISIN Numbers	  	 	18	 
		
	 ARTICLE 3 REDEMPTION
	  	 	18	 
			
	 Section 3.1
	 	Notice to Trustee	  	 	18	 
	 Section 3.2
	 	Selection of Securities to be Redeemed	  	 	18	 
	 Section 3.3
	 	Notice of Redemption	  	 	18	 
	 Section 3.4
	 	Effect of Notice of Redemption	  	 	19	 
	 Section 3.5
	 	Deposit of Redemption Price	  	 	19	 
	 Section 3.6
	 	Securities Redeemed in Part	  	 	19	 
		
	 ARTICLE 4 COVENANTS
	  	 	20	 
			
	 Section 4.1
	 	Payment of Principal and Interest	  	 	20	 
	 Section 4.2
	 	SEC Reports	  	 	20	 
	 Section 4.3
	 	Compliance Certificate	  	 	20	 
	 Section 4.4
	 	Stay, Extension and Usury Laws	  	 	20	 
	 Section 4.5
	 	Corporate Existence	  	 	20	 
	 Section 4.6
	 	Maintenance of Office or Agency	  	 	21	 

  
 i 

							
	 Section 4.7
	 	Money For Securities Payments to be Held in Trust	  	 	21	 
	 Section 4.8
	 	Waiver of Certain Covenants	  	 	22	 
		
	 ARTICLE 5 SUCCESSORS
	  	 	22	 
	 Section 5.1
	 	When Company May Merge, Etc.	  	 	22	 
	 Section 5.2
	 	Successor Corporation Substituted	  	 	23	 
		
	 ARTICLE 6 DEFAULTS AND REMEDIES
	  	 	23	 
			
	 Section 6.1
	 	Events of Default	  	 	23	 
	 Section 6.2
	 	Acceleration of Maturity; Rescission and Annulment	  	 	25	 
	 Section 6.3
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	27	 
	 Section 6.4
	 	Trustee May File Proofs of Claim	  	 	28	 
	 Section 6.5
	 	Trustee May Enforce Claims Without Possession of Securities	  	 	28	 
	 Section 6.6
	 	Application of Money Collected	  	 	29	 
	 Section 6.7
	 	Limitation on Suits	  	 	29	 
	 Section 6.8
	 	Unconditional Right of Holders to Receive Principal and Interest	  	 	30	 
	 Section 6.9
	 	Restoration of Rights and Remedies	  	 	30	 
	 Section 6.10
	 	Rights and Remedies Cumulative	  	 	30	 
	 Section 6.11
	 	Delay or Omission Not Waiver	  	 	30	 
	 Section 6.12
	 	Control by Holders	  	 	30	 
	 Section 6.13
	 	Waiver of Past Defaults	  	 	31	 
	 Section 6.14
	 	Undertaking for Costs	  	 	31	 
		
	 ARTICLE 7 TRUSTEE
	  	 	31	 
			
	 Section 7.1
	 	Duties of Trustee	  	 	31	 
	 Section 7.2
	 	Rights of Trustee	  	 	33	 
	 Section 7.3
	 	Individual Rights of Trustee	  	 	34	 
	 Section 7.4
	 	Trustee’s Disclaimer	  	 	34	 
	 Section 7.5
	 	Notice of Defaults	  	 	34	 
	 Section 7.6
	 	Reports by Trustee to Holders	  	 	34	 
	 Section 7.7
	 	Compensation and Indemnity	  	 	35	 
	 Section 7.8
	 	Replacement of Trustee	  	 	35	 
	 Section 7.9
	 	Successor Trustee by Merger, etc.	  	 	36	 
	 Section 7.10
	 	Eligibility; Disqualification	  	 	37	 
	 Section 7.11
	 	Preferential Collection of Claims Against Company	  	 	37	 
		
	 ARTICLE 8 SATISFACTION AND DISCHARGE; DEFEASANCE
	  	 	37	 
			
	 Section 8.1
	 	Satisfaction and Discharge of Indenture	  	 	37	 
	 Section 8.2
	 	Application of Trust Funds; Indemnification	  	 	38	 
	 Section 8.3
	 	Legal Defeasance of Securities of any Series	  	 	39	 
	 Section 8.4
	 	Covenant Defeasance	  	 	40	 
	 Section 8.5
	 	Repayment to Company	  	 	41	 
	 Section 8.6
	 	Effect of Subordination Provisions	  	 	42	 

  
 ii 

							
		
	 ARTICLE 9 AMENDMENTS AND WAIVERS
	  	 	42	 
			
	 Section 9.1
	 	Without Consent of Holders	  	 	42	 
	 Section 9.2
	 	With Consent of Holders	  	 	43	 
	 Section 9.3
	 	Limitations	  	 	44	 
	 Section 9.4
	 	Compliance with Trust Indenture Act	  	 	44	 
	 Section 9.5
	 	Revocation and Effect of Consents	  	 	44	 
	 Section 9.6
	 	Notation on or Exchange of Securities	  	 	45	 
	 Section 9.7
	 	Trustee Protected	  	 	45	 
		
	 ARTICLE 10 SUBORDINATION OF SECURITIES
	  	 	45	 
			
	 Section 10.1
	 	Agreement to Subordinate	  	 	45	 
		
	 ARTICLE 11 MISCELLANEOUS
	  	 	46	 
			
	 Section 11.1
	 	Trust Indenture Act Controls	  	 	46	 
	 Section 11.2
	 	Notices	  	 	46	 
	 Section 11.3
	 	Communication by Holders with Other Holders	  	 	47	 
	 Section 11.4
	 	Certificate and Opinion as to Conditions Precedent	  	 	47	 
	 Section 11.5
	 	Statements Required in Certificate or Opinion	  	 	47	 
	 Section 11.6
	 	Rules by Trustee and Agents	  	 	47	 
	 Section 11.7
	 	Legal Holidays	  	 	48	 
	 Section 11.8
	 	No Recourse Against Others	  	 	48	 
	 Section 11.9
	 	Counterparts	  	 	48	 
	 Section 11.10
	 	Governing Laws; Waiver of Jury Trial	  	 	48	 
	 Section 11.11
	 	No Adverse Interpretation of Other Agreements	  	 	48	 
	 Section 11.12
	 	Successors	  	 	49	 
	 Section 11.13
	 	Severability	  	 	49	 
	 Section 11.14
	 	Table of Contents, Headings, Etc.	  	 	49	 
	 Section 11.15
	 	Securities in a Foreign Currency or in ECU	  	 	49	 
	 Section 11.16
	 	Judgment Currency	  	 	50	 
	 Section 11.17
	 	Acts of Holders	  	 	50	 
		
	 ARTICLE 12 SINKING FUNDS
	  	 	51	 
			
	 Section 12.1
	 	Applicability of Article	  	 	51	 
	 Section 12.2
	 	Satisfaction of Sinking Fund Payments with Securities	  	 	52	 
	 Section 12.3
	 	Redemption of Securities for Sinking Fund	  	 	52	 

  

  
 iii 

 BROOKDALE SENIOR LIVING INC. 

Reconciliation and tie between Trust Indenture Act of 1939 and Indenture, dated as of November 21, 2022. 

 

			
	§ 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)	  	11.3
	(c)	  	11.3
	§ 313(a)	  	7.6
	(b)(1)	  	7.6
	(b)(2)	  	7.6
	(c)	  	7.6
	(d)	  	7.6
	§ 314(a)	  	4.2, 4.3
	(b)	  	Not Applicable
	(c)(1)	  	11.4
	(c)(2)	  	11.4
	(c)(3)	  	Not Applicable
	(d)	  	Not Applicable
	(e)	  	11.5
	(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)	  	11.1

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

 

 Indenture dated as of November 21, 2022, between Brookdale Senior Living Inc., a
Delaware corporation (the “Company”), and American Stock Transfer & Trust Company, LLC (the “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 1 

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 therein and which are owing to such Holders. 

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

“Agent” means any Registrar, Paying Agent, co-agent,
co-registrar or Service Agent. 
 “Authorized Newspaper” means a newspaper in an official
language of the country of publication customarily published at least once a day for at least five days in each calendar week and of general circulation in the place in connection with which the term is used. If it shall be impractical in the
opinion of the Trustee to make any publication of any notice required hereby in an Authorized Newspaper, any publication or other notice in lieu thereof that is made or given by the Trustee shall constitute a sufficient publication of such notice.

 “Bearer” means anyone in possession from time to time of a Bearer Security. 

“Bearer Global Security” or “Bearer Global Securities” means a Bearer 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 Bearer Securities, deposited with a common depositary for Euroclear Bank S.A./N.V., as operator of the Euroclear System and/or Clearstream Banking,
société anonyme, Luxembourg. 
 “Bearer Security” means any Security, including any interest coupon appertaining
thereto, that does not provide for the identification of the Holder thereof. 
 “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, unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture hereto for
a particular Series, each day which is not a Legal Holiday. 
 “Capital Stock” of any Person means any and all shares, interests,
rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity. 

“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 two Officers, one of whom must be the Company’s
principal executive officer, principal financial officer or principal accounting officer. 
 “Company Request” means a written
request signed in the name of the Company by its Chairman of the Board, a President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee. 

“Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall be
principally administered. 
 “Debt” of any Person as of any date means, without duplication, all indebtedness of such Person in
respect of borrowed money, including all interest, fees and expenses owed in respect thereto (whether or not the recourse of the lender is to the whole of the assets of such Person or only to a portion thereof), or evidenced by bonds, notes,
debentures or similar instruments. 
 “Default” means any event which is, or after notice or passage of time 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 Securities in global form, 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” means the currency of
the United States of America. 

  
 2 

 “ECU” means the European Currency Unit as determined by the Commission of the
European Union. 
 “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, (i) direct obligations of the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by or
acting as an agency or instrumentality of such government the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by such government, which, in either case under clauses (i) or (ii), are not callable or
redeemable at the option of the issuer thereof. 
 “Holder” or “Securityholder” means a Person in whose name a Security
is registered in the Register or the holder of a Bearer Security. 
 “Indenture” means this Indenture as originally executed and
delivered and as amended 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 or installment of principal thereof, means the date on which the
principal of such Security or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption, notice of option to elect repayment or
otherwise. 
 “Officer” means the Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer, the President,
any Vice-President, the Treasurer, the Secretary, any Assistant Treasurer or any Assistant Secretary of the Company. 
 “Officers’
Certificate” means a certificate signed by two Officers, one of whom must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 

“Opinion of Counsel” means a written opinion of legal counsel who is reasonably acceptable to the Trustee. The counsel may be an
employee of or counsel to the Company or the Trustee. 
 “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. 

  
 3 

 “Place of Payment”, when used with respect to the Securities of any Series, means
the place or places specified in accordance with Section 2.2 where the principal of and any premium and interest on the Securities of that Series are payable, or if not so specified, in accordance with Section 4.6. 

“Preferred Stock”, as applied to the Capital Stock of any Person, means Capital Stock of any class or classes (however designated)
that is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over shares of Capital Stock of any other class of such Person. 

“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. 
 “Registered Global Security” or “Registered 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. 
 “Registered Securities” means any Security registered on the Register of the Company. 

“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. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder, as in effect from time to time. 
 “Senior Debt” means the principal of, premium, if any, unpaid interest, and all
fees and other amounts payable in connection with the following, whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, on (x) the Debt of the Company, for money borrowed other than (a) any Debt of
the Company which when incurred and without respect to any election under Section 1111(b) of the Federal Bankruptcy Code, was without recourse to the Company, (b) any Debt of the Company to any of its Subsidiaries, (c) Debt to any
employee of the Company, (d) any liability for taxes and (e) Trade Payables, unless the instrument creating or evidencing the same or pursuant to which the same is outstanding provides that such Debt is not senior or prior in right of
payment to the Securities, (y) all obligations of the Company under interest rate, currency and commodity swaps, caps, floors, collars, hedge arrangements, forward contracts or similar agreements or arrangements and (z) renewals,
extensions, modifications and refundings of any such Debt. This definition may be modified or superseded by a supplemental indenture. 

“Senior Securities” means Securities other than Subordinated Securities. 

“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. 

  
 4 

 “Stated Maturity” when used with respect to any Security or any installment of
principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable (without regard for any provisions for
acceleration, redemption prepayment or otherwise). 
 “Subordinated Securities” means Securities that by the terms established
pursuant to Section 2.2.9 are subordinated in right of payment to Senior Debt of the Company. 
 “Subordination Provisions,”
when used with respect to the Subordinated Securities of any Series, shall have the meaning established pursuant to Section 2.2.9 with respect to the Subordinated Securities of such Series. 

“Subsidiary” of any Person means any corporation, association, partnership or other business entity of which more than 50% of the
total voting power of shares of Capital Stock or other interests (including partnership interests) 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 (i) such Person, (ii) such Person and one or more Subsidiaries of such Person or (iii) one or more Subsidiaries of such Person. 

“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 of 1939 as so amended. 

“Trade Payables” means accounts payable or any other Debt or monetary obligations to trade creditors created or assumed by the
Company or any Subsidiary of the Company in the ordinary course of business in connection with the receipt of materials or services. 

“Trust Officer” means any officer within the Corporate Trust Office of the Trustee with direct responsibility for the administration
of this Indenture. 
 “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 direct obligations (or certificates representing an ownership interest in such obligations) of
the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of America is pledged and which are not callable or redeemable at the issuer’s option. 

  
 5 

 Section 1.2 Other Definitions.  

 

					
	 TERM
	  	DEFINED IN
SECTION	 
	 “Bankruptcy Law”
	  	 	6.1	 
	 “Custodian”
	  	 	6.1	 
	 “Event of Default”
	  	 	6.1	 
	 “Journal”
	  	 	11.15	 
	 “Judgment Currency”
	  	 	11.16	 
	 “Legal Holiday”
	  	 	11.7	 
	 “mandatory sinking fund payment”
	  	 	12.1	 
	 “Market Exchange Rate”
	  	 	11.15	 
	 “New York Banking Day”
	  	 	11.16	 
	 “optional sinking fund payment”
	  	 	12.1	 
	 “Paying Agent”
	  	 	2.4	 
	 “Register”
	  	 	2.4	 
	 “Registrar”
	  	 	2.4	 
	 “Required Currency”
	  	 	11.16	 
	 “Service Agent”
	  	 	2.4	 
	 “successor person”
	  	 	5.1	 

 Section 1.3 Incorporation by Reference of Trust Indenture Act.  

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

  
 6 

 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 generally accepted accounting principles; 

(c) references to “generally accepted accounting principles” shall mean generally accepted accounting principles in effect as of the
time when and for the period as to which such accounting principles are to be applied; 
 (d) “or” is not exclusive; and 

(e) words in the singular include the plural, and in the plural include the singular. 

ARTICLE 2 
 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 in a Board Resolution, a supplemental indenture or an Officers’ Certificate detailing the adoption of the terms thereof pursuant to the
authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officers’ Certificate or supplemental indenture 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 2.2.24) by a Board Resolution, a supplemental indenture or an Officers’ Certificate pursuant to authority
granted under a Board Resolution: 
 2.2.1 the title and designation of the Securities of the Series, which shall distinguish the Securities
of the Series from the Securities of all other Series, and which may be part of a Series of Securities previously issued; 
 2.2.2 any limit
upon the aggregate principal amount of the Securities of the Series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of,
other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6); 

  
 7 

 2.2.3 if other than Dollars, the Foreign Currency or Foreign Currencies in which the
Securities of the Series are denominated; 
 2.2.4 the date or dates on which the principal of the Securities of the Series is payable or
the method of determination thereof; 
 2.2.5 the rate or rates (which may be fixed or variable) at which the Securities of the Series shall
bear interest, if any, the date or dates from which such interest shall accrue, on which such interest shall be payable, the terms and conditions of any deferral of interest and the additional interest, if any, thereon, the right, if any, of the
Company to extend the interest payment periods and the duration of the extensions and (in the case of Registered Securities) the date or dates on which a record shall be taken for the determination of Holders to whom interest is payable and/or the
method by which such rate or rates or date or dates shall be determined; 
 2.2.6 the place or places where and the manner in which, the
principal of and any interest on Securities of the Series shall be payable; 
 2.2.7 the right, if any, of the Company to redeem Securities,
in whole or in part, at its option and the period or periods within which, or the date or dates on which, the price or prices at which and any terms and conditions upon which Securities of the Series may be so redeemed, pursuant to any sinking fund
or otherwise; 
 2.2.8 the obligation, if any, of the Company to redeem, purchase or repay Securities of the Series pursuant to any
mandatory redemption, sinking fund or analogous provisions or at the option of a Holder thereof and the price or prices at which and the period or periods within which or the date or dates on which, and any terms and conditions upon which Securities
of the Series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation; 
 2.2.9 if the Securities of such
Series are Subordinated Securities, the terms pursuant to which the Securities of such Series will be made subordinate in right of payment to Senior Debt and the definition of such Senior Debt with respect to such Series (in the absence of an
express statement to the effect that the Securities of such Series are subordinate in right of payment to all such Senior Debt, the Securities of such Series shall not be subordinate to Senior Debt and shall not constitute Subordinated Securities);
and, in the event that the Securities of such Series are Subordinated Securities, such Board Resolution, Officer’s Certificate or supplemental indenture, as the case may be, establishing the terms of such Series shall expressly state which
articles, sections or other provisions thereof constitute the “Subordination Provisions” with respect to the Securities of such Series; 

2.2.10 if other than denominations of $1,000 and any integral multiple thereof in the case of Registered Securities, or $1,000 and $5,000 in
the case of Bearer Securities, the denominations in which Securities of the Series shall be issuable; 
 2.2.11 the percentage of the
principal amount at which the Securities will be issued, and, if other than the principal amount thereof, the portion of the principal amount of Securities of the Series which shall be payable upon declaration of acceleration of the maturity thereof
and the terms and conditions of any acceleration; 

  
 8 

 2.2.12 if other than the coin, currency or currencies in which the Securities of the Series
are denominated, the coin, currency or currencies in which payment of the principal of or interest on the Securities of such Series shall be payable, including composite currencies or currency units; 

2.2.13 if the principal of or interest on the Securities of the Series are to be payable, at the election of the Company or a Holder thereof,
in a coin or currency other than that in which the Securities are denominated, the period or periods within which, and the terms and conditions upon which, such election may be made; 

2.2.14 if the amount of payments of principal of and interest on the Securities of the Series may be determined with reference to an index or
formula based on a coin, currency, composite currency or currency unit other than that in which the Securities of the Series are denominated, the manner in which such amounts shall be determined; 

2.2.15 whether the Securities of the Series will be issuable as Registered Securities (and if so, whether such Securities will be issuable as
Registered Global Securities) or Bearer Securities, with or without interest coupons appertaining thereto (and if, so whether such Securities will be issuable as Bearer Global Securities), or any combination of the foregoing, any restrictions
applicable to the offer, sale or delivery of Bearer Securities or the payment of interest thereon and the terms upon which Bearer Securities of any Series may be exchanged for Registered Securities of such Series and vice versa; 

2.2.16 whether and under what circumstances the Company will pay additional amounts on the Securities of the Series held by a person who is
not a U.S. person in respect of any tax, assessment or governmental charge withheld or deducted and, if so, whether the Company will have the option to redeem the Securities of the Series rather than pay such additional amounts; 

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

2.2.18 any trustees, depositaries, authenticating or paying agents, transfer agents or registrars of any other agents with respect to the
Securities of such Series; 
 2.2.19 any deletion from, modification of or addition to the Events of Default or covenants with respect to
the Securities of such Series, including, if applicable, covenants affording Holders of debt protection with respect to the Company’s operations, financial conditions and transactions involving the Company; 

2.2.20 if the Securities of the Series are to be convertible into or exchangeable for any other security or property of the Company,
including, without limitation, securities of another Person held by the Company or its Affiliates and, if so, the terms thereof, including conversion or exchange prices or rate and adjustments thereto; 

  
 9 

 2.2.21 the price or prices at which the Securities will be issued; 

2.2.22 any provisions for remarketing; 

2.2.23 the terms applicable to any Securities issued at a discount from their stated principal amount; and 

2.2.24 any other terms of the Series. 

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 or Officers’ Certificate referred to above, and the authorized principal amount of any Series may not be increased to provide for issuances of additional
Securities of such Series, unless otherwise provided in such Board Resolution, supplemental indenture or Officers’ Certificate. 

Section 2.3 Execution and Authentication. 

One or more Officers 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 be
valid nevertheless so long as such individual was an Officer at the time of execution of the Security. 
 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 Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order may authorize authentication and delivery pursuant to oral or electronic instructions from the Company or its
duly authorized agent or agents, which oral instructions shall be promptly confirmed electronically or in writing. Each Security shall be dated the date of its authentication unless otherwise provided by a Board Resolution, a supplemental indenture
hereto or an Officers’ Certificate. 
 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 Officers’ Certificate delivered pursuant to Section 2.2, except as provided in Section 2.8. 

  
 10 

 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 Officers’ Certificate establishing the form of the Securities of that Series or of Securities within that
Series and the terms of the Securities of that Series or of Securities within that Series, (b) an Officers’ Certificate complying with Section 11.4, and (c) an Opinion of Counsel complying with Section 11.4. 

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 lawfully be taken; or (b) if the Trustee in good faith 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 reasonably acceptable to the Company to authenticate the Securities. Any such appointment
shall be evidenced by an instrument signed by a Trust Officer, a copy of which shall be furnished to the Company. Unless limited by the terms of such appointment, 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. 

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 served (“Service Agent”). The Registrar shall keep a register with respect to each Series of
Registered Securities (the “Register”) 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
Service Agent. If at any time the Company shall fail to maintain any such required Registrar, Paying Agent or Service 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. 

The Company may also from time to time designate one or more co-registrars, additional paying agents
or additional service 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 Service
Agent in each place so specified pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address
of any such co-registrar, additional paying agent or additional service agent. The term “Registrar” includes any co-registrar; the term “Paying
Agent” includes any additional paying agent; and the term “Service Agent” includes any additional service agent. 

  
 11 

 The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Service
Agent for each Series unless another Registrar, Paying Agent or Service Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. The Company or any of its domestically organized Subsidiaries may act as
Paying Agent, Registrar or Service Agent. 
 The rights, privileges, protections, immunities and benefits given to the Trustee under this
Indenture 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 acting hereunder. 

The Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent or Service Agent not a party to this Indenture,
which shall incorporate the terms of the TIA. The agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee of the name and address of any such agent. 

The Company may remove any Registrar, Paying Agent or Service for any Series of Securities upon written notice to such Registrar, Paying Agent
or Service Agent and to the Trustee; provided, however, that no such removal shall become effective until (1) acceptance of an appointment by a successor as evidenced by an appropriate agreement entered into by the Company and such successor
Registrar, Paying Agent or Service Agent, as the case may be, and delivered to the Trustee or (2) notification to the Trustee that the Trustee shall serve as Registrar or Paying Agent until the appointment of a successor in accordance with
clause (1) above. The Registrar, Paying Agent or Service Agent may resign at any time upon written notice; provided, however, that the Trustee may resign as Paying Agent, Registrar or Service Agent only if the Trustee also resigns as Trustee in
accordance with Section 7.8. 
 Section 2.5 Paying Agent to Hold Money in Trust.  

Prior to each due date of the principal and interest on any Series of Securities, the Company shall deposit with the Paying Agent (or if the
Company or a Subsidiary is acting as Paying Agent, segregate and hold in trust for the benefit of the Persons entitled thereto) a sum sufficient to pay such principal and interest when so becoming due. 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 shall notify the Trustee 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) shall have no further liability for the money. If the Company or a Subsidiary
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. 

  
 12 

 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, or cause the Registrar to furnish, to the Trustee at least five Business Day before
each interest payment date, but in any event not less frequently than semi-annually, 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 Exchange and Registration of Transfer.  

The Company shall cause to be kept at the Corporate Trust Office the Register in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Securities of a Series and of transfers of Securities of such Series. The Register shall be in written form or in any form capable of being converted into written form within a reasonably
prompt period of time. 
 Upon surrender for registration of transfer of any Security of a Series to the Registrar or any co-registrar, and satisfaction of the requirements for such transfer set forth in this Section 2.8, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated
transferee or transferees, one or more new Security of the same Series of any authorized denominations and of a like aggregate principal amount and bearing such restrictive legends as may be required by this Indenture. 

Securities of a Series may be exchanged for other Securities of the same Series of any authorized denominations and of a like aggregate
principal amount, upon surrender of the Securities to be exchanged at any such office or agency maintained by the Company pursuant to Section 4.2. Whenever any Securities of a Series are so surrendered for exchange, the Company shall execute,
and the Trustee shall authenticate and deliver, the Securities of the same Series that the Holder making the exchange is entitled to receive bearing registration numbers not contemporaneously outstanding. 

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

All Securities of a Series presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the
Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company, and the Securities of such Series shall be duly executed by the Holder thereof or his attorney duly authorized in
writing. 
 No service charge shall be made to any holder for any registration of, transfer or exchange of Securities, but the Company or
the Trustee may require payment by the holder of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in connection with any registration of transfer or exchange of such Securities (other than any such
transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6). 

  
 13 

 Neither the Company nor the Trustee nor any Registrar shall be required to exchange, issue
or register a transfer of (a) Securities of any Series for a period of fifteen calendar days next preceding date of delivering of a notice of redemption of Securities of that Series selected for redemption, or (b) Securities of any Series
or portions thereof called for redemption, except for the unredeemed portion of any Securities of that Series being redeemed in part. 

Section 2.8 Mutilated, Destroyed, Lost and Stolen Securities.  

If a mutilated Security is surrendered to the Registrar or if the Securityholder of a Security claims that the Security has been lost,
destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Security of the same Series if the requirements of Section 8-405 of the Uniform Commercial Code are
met, such that the Securityholder (i) satisfies the Company or the Trustee within a reasonable time after he has notice of such loss, destruction or wrongful taking and the Registrar does not register a transfer prior to receiving such
notification, (ii) makes such request to the Company or the Trustee prior to the Security being acquired by a protected purchaser as defined in Section 8-303 of the Uniform Commercial Code (a
“protected purchaser”) and (iii) satisfies any other reasonable requirements of the Trustee. If required by the Trustee or the Company, such Securityholder shall furnish an indemnity bond sufficient in the judgment of the Trustee to
protect the Company, the Trustee, the Paying Agent and the Registrar from any loss that any of them may suffer if a Security is replaced. The Company and the Trustee may charge the Securityholder for their expenses in replacing a Security. In case
any Security which has matured or is about to mature or has been called for redemption, shall become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substitute Security, pay or authorize the payment of (without
surrender thereof except in the case of a mutilated Security), as the case may be, if the applicant for such payment or conversion shall furnish to the Company, to the Trustee and, if applicable, to such authenticating agent such security or
indemnity as may be required by them to save each of them harmless for any loss, liability, cost or expense caused by or in connection with such substitution, and, in every case of destruction, loss or theft, the applicant shall also furnish to the
Company, the Trustee and, if applicable, any Paying Agent evidence to their satisfaction of the destruction, loss or theft of such Securities and of the ownership thereof. 

Every replacement Security of any Series issued pursuant to this Section is an additional obligation of the Company. 

The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 2.9 Outstanding Securities.  

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest on a Registered Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. A Security does not cease to be
outstanding because the Company or an Affiliate holds the Security. 

  
 14 

 If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding unless
the Trustee and the Company receive proof satisfactory to them that the replaced Security is held by a protected purchaser. 
 If the Paying
Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds on the Maturity of Securities of a Series money sufficient to pay such Securities (or portions thereof) payable on that date, and the Paying Agent is not prohibited
from paying such money to the Securityholders of such Series on that date pursuant to the terms of the Indenture, then on and after that date such Securities of the Series (or portions thereof) cease to be outstanding and interest on them ceases to
accrue. 
 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 direction, waiver or consent, Securities of a Series owned by the Company, any other obligor upon the Securities or an Affiliate of the Company or such other obligor shall be disregarded and deemed not to be outstanding, except that
for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent only Securities of a Series that the Trustee knows are so owned shall be so disregarded. Securities so owned which have been
pledged in good faith may be regarded as outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon
the Securities or any Affiliate of the Company or any other obligor on the Securities. In case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Trustee in accordance with such
advice. Upon written request of the Trustee, the Company shall furnish to the Trustee promptly an Officers’ Certificate listing and identifying all Securities, if any, known by the Company to be owned or held by or for the account of any of the
above-described persons; and, subject to Sections 7.1 and 7.2, the Trustee shall be entitled to accept such Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities not listed therein are
outstanding for the purpose of any such determination. 
 Section 2.11 Temporary Securities.  

Pending the preparation of Securities in certificated form, the Company may execute and the Trustee or an authenticating agent appointed by the
Trustee shall, upon a Company Order, authenticate and deliver temporary Securities (printed, lithographed, typewritten, photocopied or otherwise produced). Temporary Securities shall be issuable in any authorized denomination, and substantially in
the form of the Securities in certificated form, but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Company. Every such temporary Security shall be executed by the
Company 

  
 15 

 
and authenticated by the Trustee or such authenticating agent upon the same conditions and in substantially the same manner, and with the same effect, as the Securities in certificated form.
Without unreasonable delay, the Company will execute and deliver to the Trustee or such authenticating agent Securities of the same Series in certificated form and thereupon any or all temporary Securities may be surrendered in exchange therefor, at
each office or agency maintained by the Company pursuant to Section 4.7 and the Trustee or such authenticating agent shall authenticate and make available for delivery in exchange for such temporary Securities an equal aggregate principal
amount of Securities of the same Series in certificated form. Such exchange shall be made by the Company at its own expense and without any charge therefor. Until so exchanged, the temporary Securities shall in all respects be entitled to the same
benefits and subject to the same limitations under this Indenture as Securities of the same Series in certificated form authenticated and delivered hereunder. 

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 and no one else shall cancel all Securities surrendered for registration of transfer, exchange, payment, replacement or cancellation and dispose of
such canceled Securities in accordance with its customary procedure. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. The Trustee shall not authenticate Securities in place
of canceled Securities other than pursuant to the terms of this Indenture. 
 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 or cause to be fixed any such special record date and payment date to the
reasonable satisfaction of the Trustee and shall promptly deliver or cause to be delivered to each Securityholder of the Series a notice that states the special record date, the payment date and the amount of defaulted interest to be paid. The
Company may pay defaulted interest in any lawful manner. 
 Section 2.14 Registered Global Securities. 

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

  
 16 

 
such Registered 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 within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the effect that such Registered Global Security shall be so exchangeable. Any Registered 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 Registered Global Security
with like tenor and terms. 
 Except as provided in this Section 2.14.2, a Registered Global Security may not be transferred except as
a whole by the Depositary with respect to such Registered 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. 
 2.14.3 Legend. Any Registered Global Security issued hereunder
shall bear a legend in substantially the following form: 
 “This Security is a Registered 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.” 
 2.14.4 Acts of
Holders. The Depositary, as a Holder, may appoint agents and otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under
the Indenture. 
 2.14.5 Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated
by Section 2.2, payment of the principal of and interest, if any, on any Registered Global Security shall be made to the Holder thereof. 

2.14.6 Consents, Declaration and Directions. Except as provided in Section 2.14.5, 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 Registered Global Security as shall be specified in a written statement of the Depositary with respect to such Registered 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 Computation of Interest. 

Except as otherwise specified pursuant to Section 2.2 for Securities of any Series, interest on the Securities of each Series shall be
computed on the basis of a 360-day year of twelve 30-day months. 

  
 17 

 Section 2.16 CUSIP and ISIN Numbers.  

The Company in issuing the Securities may use “CUSIP” and “ISIN” numbers (if then generally in use), and, if so, the
Trustee shall use “CUSIP”and “ISIN” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on
the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such
numbers. The Company shall promptly notify the Trustee in writing of any changes to the CUSIP and ISIN numbers. 
 ARTICLE 3 

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 35 calendar days before the redemption date (or such shorter notice as may be acceptable 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 or an Officers’ Certificate, if less
than all the Securities of a Series are to be redeemed, the Trustee shall select the Securities of the Series to be redeemed by lot or in such other manner as the Trustee shall deem appropriate. The Trustee shall make the selection from Securities
of the Series outstanding not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities of the Series that have denominations larger than $1,000. Securities of the Series and portions of them it
selects 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 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 Officers’ Certificate, at
least 30 days but not more than 60 days before a redemption date, the Company shall provide a notice of redemption by electronic transmission or first-class mail to each Holder whose Securities are to be redeemed and if any Bearer Securities are
outstanding, publish on one occasion a notice in an Authorized Newspaper. 

  
 18 

 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 less than all Securities of any Series are to be redeemed, the identification of the particular Securities to be redeemed and the
portion of the principal amount of any Security to be redeemed in part; 
 (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; and 
 (g) 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 written request, the Trustee shall give the notice of redemption in
the Company’s name and at the Company’s expense and provided that the form and content of such notice shall be prepared by the Company. 

Section 3.4 Effect of Notice of Redemption.  

Once notice of redemption is delivered or published 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. 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 the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued
interest, if any, on all Securities to be redeemed on that date. 
 Section 3.6 Securities Redeemed in Part.  

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

  
 19 

 ARTICLE 4 

COVENANTS 

Section 4.1 Payment of Principal and Interest.  

The Company shall 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. 
 Section 4.2 SEC Reports.  

The Company shall deliver (which delivery may be via electronic mail) to the Trustee within 15 days after the filing by the Company 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). 

Section 4.3 Compliance Certificate.  

The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year of the Company, a brief certificate from the
principal executive officer, principal financial officer, principal accounting officer or vice president or treasurer as to his or her knowledge of the Company’s compliance with all conditions and covenants under this Indenture (which
compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture) and, in the event of any Default, specifying each such Default and the nature and status thereof of which such Person may
have knowledge. Such certificates need not comply with Section 11.5 of this Indenture. 
 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. 
 Section 4.5
Corporate Existence.  
 Subject to Article V, the Company will do or cause to be done all things necessary to preserve and
keep in full force and effect its corporate existence and the rights (charter and statutory), licenses and franchises of the Company; provided, however, that the Company shall not be required to preserve any such right, license or franchise, if the
Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries taken as a whole and that the loss thereof is not adverse in any material respect to the
Holders. 

  
 20 

 Section 4.6 Maintenance of Office or Agency. 

The Company will maintain an office or agency in the Borough of Manhattan, The City of New York, where the Securities of a Series may be
surrendered for registration of transfer or exchange or for presentation for payment and where notices and demands to or upon the Company in respect of the Securities of a Series and this Indenture may be served. The Company will give prompt written
notice to the Trustee of the location, and any change in the location, of such office or agency not designated or appointed by the Trustee. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish
the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office. 

The Company may also from time to time designate co-registrars and one or more offices or agencies
where the Securities of a Series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Company will give prompt written notice to the Trustee of any such designation or rescission and
of any change in the location of any such other office or agency. 
 Section 4.7 Money For Securities Payments to be Held in
Trust.  
 If the Company shall at any time act as its own Paying Agent with respect to the Securities of any Series, it shall, on
or before each due date of the principal of and premium, if any, and interest, if any, on any of such Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and premium or
interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided. The Company shall promptly notify the Trustee of any failure by the Company (or any other obligor of such Securities) to make any
payment of principal of or premium, if any, or interest, if any, on such Securities. 
 Whenever the Company shall have one or more Paying
Agents for the Securities of any Series, it shall, on or before each due date of the principal of and premium, if any, and interest, if any, on such Securities, deposit with such Paying Agents sums sufficient (without duplication) to pay the
principal and premium or interest so becoming due, such sums to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company shall promptly notify the
Trustee of any failure by it so to act. 
 The Company shall cause each Paying Agent for the Securities of any Series, other than the
Company or the Trustee, to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall: 

(a) hold all sums held by it for the payment of the principal of and premium, if any, or interest, if any, on such Securities in trust for the
benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
 (b)
give the Trustee notice of any failure by the Company (or any other obligor upon such Securities) to make any payment of principal of or premium, if any, or interest, if any, on such Securities; and 

(c) at any time during the continuance of any such failure, upon the written request of the Trustee, forthwith pay to the Trustee all sums so
held in trust by such Paying Agent and furnish to the Trustee such information as it possesses regarding the names and addresses of the Persons entitled to such sums. 

  
 21 

 The Company may at any time pay, or by Company Order direct any Paying Agent to pay, to the
Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent and, if so stated in a Company Order delivered
to the Trustee, in accordance with the provisions of Article 8; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of and
premium, if any, or interest, if any, on any Security and remaining unclaimed for two years after such principal and premium, if any, or interest, if any, has become due and payable shall be paid to the Company on request of the Company, or, if then
held by the Company, shall be discharged from such trust; and, upon such payment or discharge, the Holder of such Security shall, as an unsecured general creditor and not as the Holder of an outstanding Security, look only to the Company for payment
of the amount so due and payable and remaining unpaid, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the
Trustee or such Paying Agent, before being required to make any such payment to the Company, may at the expense of the Company cause to be published once a week for two successive weeks, in each case on any day of the week, in an Authorized
Newspaper in each Place of Payment, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be
paid to the Company. 
 Section 4.8 Waiver of Certain Covenants. 

Except as otherwise specified as contemplated by Section 2.2 for Securities of such Series, the Company may, with respect to the
Securities of any Series, omit in any particular instance to comply with any term, provision or condition set forth in any covenant provided herein or pursuant to Section 2.2.19 or Section 9.1(c) for the benefit of the Holders of such
Series if before the time for such compliance the Holders of at least 50% in principal amount of the outstanding Securities of such Series shall, by an Act of such Holders, either waive such compliance in such instance or generally waive compliance
with such term, provision or condition, but no such wavier shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the
duties of the Trustee in respect of such term, provision or condition shall remain in full force and effect. 
 ARTICLE 5 

SUCCESSORS 

Section 5.1 When Company May Merge, Etc.  

The Company shall not consolidate with or merge into, or convey, transfer or lease all or substantially all of its properties and assets to,
any Person (a “successor person”), and may not permit any Person to merge into, or convey, transfer or lease its properties and assets substantially as an entirety to, the Company, unless: 

  
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 (a) either the Company shall be the continuing corporation or the successor person (if other
than the Company) is a corporation, partnership, trust or other entity organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and expressly assumes the Company’s obligations
on the Securities and under this Indenture; and 
 (b) immediately after giving effect to the transaction, no Default or Event of Default,
shall have occurred and be continuing. 
 The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an
Officers’ Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and such supplemental indenture comply with this Indenture. 

Section 5.2 Successor Corporation Substituted.  

The successor person formed by such consolidation or into which the Company is merged or to which such transfer or lease is made shall succeed
to and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor person had been named as the Company herein, and thereafter (except in the case of a lease to another
Person) the predecessor corporation shall be relieved of all obligations and covenants under the Indenture and the Securities and, in the event of such conveyance or transfer, any such predecessor corporation may be dissolved and liquidated. 

ARTICLE 6 
 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 Officers’ Certificate, it is provided that such Series shall not have the benefit of said Event of Default: 

(a) 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 the expiration of such period of 30 days); provided that, a valid extension of an interest payment period
by the Company in accordance with the terms of such Securities shall not constitute a failure to pay interest; or 
 (b) a default in the
payment of the principal of, or premium, if any, on, any Security of that Series when due at its Maturity; or 

  
 23 

 (c) a default in the deposit of any sinking fund payment, when and as due in respect of any
Security of that Series; or 
 (d) a default, subject to the provisions in Section 4.8, in the performance or breach of any covenant or
warranty of the Company in this Indenture (other than 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 90 days
after written notice shall have been given, 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 
 (e) 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 

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

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

(ii) appoints a Custodian of the Company 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 

(g) 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 Officers’ Certificate, in accordance with Section 2.2.19. 

  
 24 

 The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or
State law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 

Section 6.2 Acceleration of Maturity; Rescission and Annulment.  

If an Event of Default described in Section 6.1(a), (b) or (c) occurs and is continuing, then, and in each and every such case,
except for any series of Securities the principal of which shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities of each such affected series then
outstanding hereunder (each such series voting as a separate class) by notice in writing to the Company (and to the Trustee if given by Securityholders), may declare the entire principal (or, if the Securities of such series are Discount Securities,
such portion of the principal amount as may be specified in the terms of such series) of all Securities of such series, and the interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration, the same shall become
immediately due and payable. 
 Except as otherwise provided in the terms of any series of Senior Securities pursuant to Section 2.2,
if an Event of Default described in Section 6.1(d) or (g) above with respect to all series of the Senior Securities then outstanding, occurs and is continuing, then, and in each and every such case, unless the principal of all of the
Senior Securities shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of all of the Senior Securities then outstanding hereunder (treated as one class) by notice in writing
to the Company (and to the Trustee if given by Securityholders), may declare the entire principal (or, if the Senior Securities of any series are Discount Securities, such portion of the principal amount as may be specified in the terms of such
series) of all of the Senior Securities then outstanding, and the interest accrued thereon, if any, to be due and payable immediately, and upon such declaration, the same shall become immediately due and payable. If an Event of Default described in
clause (e) or (f) above occurs and is continuing, then the principal amount of all the Senior Securities then outstanding, and the interest accrued thereon, if any, shall become and be immediately due and payable without any declaration or
other act on the part of the Trustee or any Holder. 
 Except as otherwise provided in the terms of any series of Subordinated Securities
pursuant to Section 2.2, if an Event of Default described in Section 6.1 (d) or (g) above with respect to all series of Subordinated Securities then outstanding, occurs and is continuing, then, and in each and every such case, unless
the principal of all of the Subordinated Securities shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of all of the Subordinated Securities then outstanding hereunder
(treated as one class) by notice in writing to the Company (and to the Trustee if given by Securityholders), may declare the entire principal (or, if the Subordinated Securities of any series are Discount Securities, such portion of the principal
amount as may be specified in the terms of such series) of all of the Subordinated Securities then outstanding, and the interest accrued thereon, if any, to be due and payable immediately, and upon such declaration, the same shall become immediately
due and payable. 

  
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 If an Event of Default described in Section 6.1 (d) or (g) occurs and is
continuing, which Event of Default is with respect to less than all series of Senior Securities then outstanding, then, and in each and every such case, except for any series of Senior Securities the principal of which shall have already become due
and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Senior Securities of each such affected series then outstanding hereunder (each such series voting as a separate class) by notice in writing to
the Company (and to the Trustee if given by Securityholders), may declare the entire principal (or, if the Securities of such series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of
such series) of all Securities of such series, and the interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration, the same shall become immediately due and payable. 

If an Event of Default described in Section 6.1(d) or (g) occurs and is continuing, which Event of Default is with respect to less
than all series of Subordinated Securities then outstanding, then, and in each and every such case, except for any series of Subordinated Securities the principal of which shall have already become due and payable, either the Trustee or the Holders
of not less than 25% in aggregate principal amount of the Subordinated Securities of each such affected series then outstanding hereunder (each such series voting as a separate class) by notice in writing to the Company (and to the Trustee if given
by Securityholders), may declare the entire principal (or, if the Securities of such series are Discount Securities, such portion of the principal amount as may be specified in the terms of such series) of all Securities of such series, and the
interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration, the same shall become immediately due and payable. 

If an Event of Default specified in Section 6.1(e) or (f) 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: 
 (a) the Company has paid or deposited with the Trustee a sum sufficient to pay 

(i) all overdue interest, if any, on all Securities of that Series, 

(ii) the principal of any Securities of that Series which have become due otherwise than by such declaration of acceleration
and interest thereon at the rate or rates prescribed therefor in such Securities, 

  
 26 

 (iii) to the extent that payment of such interest is lawful, interest upon
any overdue principal and overdue interest at the rate or rates prescribed therefor in such Securities, and 
 (iv) all sums
paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; 

and 
 (b) all Events of Default
with respect to Securities of that Series, other than the non-payment of the principal of Securities of that Series which have become due solely by such declaration of acceleration, have been cured or waived
as provided in Section 6.13. 
 No such rescission shall affect any subsequent Default or impair any right consequent thereon. 

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

The Company covenants that if 

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

(c) default is made in the deposit of any sinking fund payment 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 or 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
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
 If the Company fails to pay such
amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, 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. 

  
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 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, 
 (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 reasonable compensation, 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 reasonable compensation, 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 reasonable compensation, 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.

  
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 Section 6.6 Application of Money Collected.  

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

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

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

Third: To the Company. 

Section 6.7 Limitation on Suits.  

No Holder of any Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
 (a) such Holder has previously given
written notice to the Trustee of an Event of Default and the continuance thereof 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 reasonable security or indemnity satisfactory to the Trustee against the expenses and
liabilities to be incurred 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 and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any
provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all such Holders. 

  
 29 

 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 Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for the
enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
 Section 6.9
Restoration of Rights and Remedies.  
 If the Trustee or any Holder has instituted any proceeding to enforce any right or
remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the
Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted. 
 Section 6.10 Rights and Remedies Cumulative.  

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

  
 30 

 (b) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction, and 
 (c) subject to the provisions of Section 6.1, the Trustee shall have the right to decline to
follow any such direction if the Trustee in good faith shall, by a Trust Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability. 

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 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 Stated
Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date). 
 ARTICLE 7 

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. 

  
 31 

 (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 other implied
covenants or obligations shall be read into this Indenture against the Trustee; and 
 (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 certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture;
however, the Trustee shall examine such certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 

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

(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer, unless it is proved that
the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) the Trustee shall not be liable with respect to
any action it takes or omits to take 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. 

(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 shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company.

 (f) 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 hereunder or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk is not reasonably assured to it.

 (h) Every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall
be subject to the provisions of this Section and to the provisions of the TIA. 

  
 32 

 Section 7.2 Rights of Trustee.  

(a) The Trustee may rely on any document believed by it to be genuine and to have been signed or presented by the proper person. The Trustee
need not investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from acting, it may require an
Officers’ 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 the Officers’ 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. 

(d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its
rights or powers. 
 (e) The Trustee may consult with counsel, and the advice or opinion of counsel with respect to legal matters relating to
this Indenture and the Securities shall be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel.

 (f) 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, consent, order, approval, bond, debenture, note 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. 
 (g) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request,
order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which may be
incurred therein or thereby. 
 (h) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without
limitation, its rights to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder. 

(i) The Trustee may request that the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles of
officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in
any such certificate previously delivered and not superseded. 
 (j) The permissive rights of the Trustee enumerated herein shall not be
construed as duties. 

  
 33 

 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 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 shall not be responsible and 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 or in any document issued in connection with the sale of the Securities or in the Securities other
than its certificate of authentication. 
 Section 7.5 Notice of Defaults.  

If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Trust Officer of
the Trustee, the Trustee shall deliver to each Securityholder of the Securities of that Series and, if any Bearer Securities are outstanding, publish on one occasion in an Authorized Newspaper, notice of a Default or Event of Default within 90 days
after it occurs or 30 days after it is known to a Trust Officer or written notice of it is received by the Trustee. Except in the case of a Default or Event of Default in payment of principal, premium, if any, of or interest on any Security of any
Series or in payment of any redemption obligation, the Trustee may withhold the notice if and so long as its corporate trust committee or a committee of its Trust Officers in good faith determines that withholding the notice is in the interests of
Securityholders of that Series. 
 Section 7.6 Reports by Trustee to Holders.  

As promptly as practicable after each May 15, and in any event prior to July 15 in each year, the Trustee shall transmit by mail to
all Securityholders, as their names and addresses appear on the register kept by the Registrar and, if any Bearer Securities are outstanding, publish in an Authorized Newspaper, a brief report dated as of May 15, each year as and if required by
TIA § 313(a) if and to the extent required by such subsection. The Trustee shall also comply with TIA § 313(b) and TIA § 313(c). 

A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each stock exchange (if any)
on which the Securities of that Series are listed. The Company shall promptly notify the Trustee when Securities of any Series are listed on any stock exchange and of any delisting thereof. 

  
 34 

 Section 7.7 Compensation and Indemnity.  

The Company shall pay to the Trustee from time to time such compensation as the Company and the Trustee shall from time to time agree 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 or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall include the reasonable compensation and expenses,
disbursements and advances of the Trustee’s agents, counsel, accountants and experts. The Company shall indemnify the Trustee, and hold it harmless, against any and all loss, liability or expense (including reasonable attorneys’ fees)
incurred by or in connection with the offer and sale of the Securities or the administration of this trust and the performance of its duties hereunder. The Trustee shall notify the Company of any claim for which it may seek indemnity promptly upon
obtaining actual knowledge thereof; provided, however, that any failure so to notify the Company shall not relieve the Company of its indemnity obligations hereunder. The Company shall defend the claim and the indemnified party shall provide
reasonable cooperation at the Company’s expense in the defense. Such indemnified parties may have separate counsel and the Company shall pay the fees and expenses of such counsel; provided, however, that the Company shall not be required to pay
such fees and expenses if it assumes such indemnified parties’ defense and, in such indemnified parties’ reasonable judgment, there is no conflict of interest between the Company and such parties in connection with such defense. The
Company need not reimburse any expense or indemnify against any loss, liability or expense incurred by an indemnified party through such party’s own willful misconduct and negligence. 

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

The Company’s payment obligations pursuant to this Section shall survive the satisfaction or discharge of this Indenture, any rejection
or termination of this Indenture under any bankruptcy law or the resignation or removal of the Trustee. 
 When the Trustee incurs expenses
or renders services after an Event of Default specified in Section 6.1(f) or (g) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 

Section 7.8 Replacement of Trustee.  

The Trustee may resign with respect to the Securities of one or more Series at any time by so notifying the Company. 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 may appoint a successor Trustee. The Company shall remove the Trustee with respect to Securities of one or more
Series if: 
 (a) the Trustee fails to comply with Section 7.10; 

(b) the Trustee is adjudged bankrupt or insolvent; 

(c) a receiver or other public officer takes charge of the Trustee or its property; or 

(d) the Trustee otherwise becomes incapable of acting. 

  
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 If the Trustee resigns, is removed by the Company or by the Holders of a majority in
principal amount of the Securities of any Series and such Securityholders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as
the retiring Trustee), the Company shall promptly appoint a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of
its appointment to the retiring Trustee and to the Company. Thereupon 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. The successor Trustee shall mail a notice of its succession to each Securityholder of each such Series and, if any Bearer Securities are outstanding, publish such
notice on one occasion in an Authorized Newspaper. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.7. 

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 or the Holders of 10% in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

If the Trustee with respect to the Securities of any one or more Series fails to comply with Section 7.10, any Securityholder of the
applicable Series may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

Notwithstanding the replacement of the Trustee pursuant to this Section, the Company’s obligations under Section 7.7 shall continue
for the benefit of the retiring Trustee 
 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 or assets to,
another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Trustee. 

In case at the time such successor or successors by merger, conversion or consolidation to the Trustee with respect to the Securities of any
one or more Series shall succeed to the trusts created by this Indenture any of the Securities of the applicable Series shall have been authenticated but not delivered, any such successor to such Trustee may adopt the certificate of authentication
of any predecessor trustee, and deliver such Securities of the applicable Series so authenticated; and in case at that time any of the Securities of such Securities shall not have been authenticated, any successor to the Trustee may authenticate
such Securities either in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Securities of such Series or in this
Indenture provided that the certificate of the Trustee shall have. 

  
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 Section 7.10 Eligibility; Disqualification.  

The Trustee shall at all times satisfy the requirements of TIA § 310(a). The Trustee shall have a combined capital and surplus of at
least $100,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any
indenture or indentures under which other securities or certificates of interest or participation in other securities of the Company are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met. 

Section 7.11 Preferential Collection of Claims Against Company.  

The Trustee shall comply with 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 8 

SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.1 Satisfaction and Discharge of Indenture.  

This Indenture, with respect to Securities of any Series (if all Series issued under this Indenture are not to be effected) shall, upon Company
Order, cease to be of further effect (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 

(a) either 
 (i)
all Securities of such Series theretofore authenticated and delivered (other than (A) Securities that have been destroyed, lost or stolen and that have been replaced or paid or (B) Securities for whose payment money has theretofore been
deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Sections 2.5 and 4.7) 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, or 

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

(3) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of
redemption by the Trustee in the name, and at the expense, of the Company, or 
 (4) are deemed paid and discharged pursuant
to Section 8.3, as applicable; 

  
 37 

 and the Company, in the case of (1), (2) or (3) above, has deposited or caused to be deposited with the
Trustee as trust funds in trust an amount sufficient for the purpose of paying and discharging the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on,
and any mandatory sinking fund payments to the date of such deposit (in the case of Securities of such Series which have become due and payable on or prior to the date of such deposit) or to the Stated Maturity or redemption date, as the case may
be; 
 (b) the Company has paid or caused to be paid all other sums payable hereunder by the Company; and 

(c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the satisfaction and discharge of this Indenture 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, 4.7 (last paragraph only), 8.1, 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 deposited with the Trustee pursuant to
Section 8.1, all money and U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 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 8.3 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 8.3 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 8.3 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 Request 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 expressed
in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations or Foreign Government Obligations or
money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government Obligations held under this Indenture. 

  
 38 

 Section 8.3 Legal Defeasance of Securities of any Series.  

Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2.24, 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 such Series on 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, at Company Request, execute proper 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 Stated 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, 2.7, 2.8, 8.2, 8.3 and 8.5; and 

(c) the rights, powers, trust and immunities of the Trustee hereunder; 

provided that, the following conditions shall have been satisfied: 

(d) the Company shall have deposited or caused to be deposited irrevocably 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 (or such other money or
currencies as shall then be legal tender in the United States) 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 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, if any, on all the Securities of such Series on the dates such installments of interest or principal are due; 

  
 39 

 (e) such deposit will not result in a breach or violation of, or constitute a default under,
this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 
 (f) no Default or Event of
Default with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit; 
 (g) the Company
shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel from a nationally recognized law firm 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 Officers’ Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders of the Securities of such Series over any other creditors of the company or with the intent of
defeating, hindering, delaying or defrauding any other creditors of the Company; 
 (i) such deposit shall not result in the trust arising
from such deposit constituting an investment company (as defined in the Investment Company Act of 1940, as amended), or such trust shall be qualified under such Act or exempt from regulation thereunder; and 

(j) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent provided for relating to the defeasance contemplated by this Section 8.3 have been complied with. 
 Section 8.4
Covenant Defeasance.  
 Unless this Section 8.4 is otherwise specified pursuant to Section 2.2.24 to be inapplicable
to Securities of any Series, on and after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4, 4.5 and 5.1 as well as any
additional covenants contained in a supplemental indenture hereto for a particular Series of Securities or a Board Resolution or an Officers’ Certificate delivered pursuant to Section 2.2.24 (and the failure to comply with any such
covenants shall not constitute a Default or Event of Default under Section 6.1) and the occurrence of any event described in clause (e) of Section 6.1 shall not constitute a Default or Event of Default hereunder, with respect to the
Securities of such Series, provided that the following conditions shall have been satisfied: 

  
 40 

 (a) with reference to this Section 8.4, the Company has deposited or caused to be
irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust, 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 (or such other money or currencies as shall then be legal tender in the United States) and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series
denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof, in accordance with their terms, will provide (and without
reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent certified
public accountants expressed in a written certification thereof delivered to the Trustee, to pay principal and interest, if any, on and any mandatory sinking fund in respect of the Securities of such Series on the dates such installments of interest
or principal 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 Opinion of Counsel from a nationally recognized law firm confirming that Holders of the Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and defeasance and
will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred; 

(e) the Company shall have delivered to the Trustee an Officers’ Certificate stating the deposit was not made by the Company with the
intent of preferring the Holders of the Securities of such Series over any other creditors of the Company or 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 Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the defeasance contemplated by this Section 8.4 have been complied with. 
 Section 8.5
Repayment to Company.  
 The Trustee and the Paying Agent shall promptly pay to the Company (or its designee) upon Company
Order any excess moneys or U.S. Government Obligations held by them at any time. The provisions of the last paragraph of Section 4.7 shall apply to any money held by the Trustee or any Paying Agent that remains unclaimed for two years after the
Maturity of any Series or Securities for which money or U.S. Government Obligations have been deposited pursuant to Sections 8.3 and 8.4. 

  
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 Section 8.6 Effect of Subordination Provisions. 

Unless otherwise expressly established pursuant to Section 2.2 with respect to the Subordinated Securities of any Series, the provisions
of Article 10 hereof, insofar as they pertain to the Subordinated Securities of such series, and the Subordination Provisions established pursuant to Section 2.2.9 with respect to such Series, are hereby expressly made subject to the provisions
for satisfaction and discharge and defeasance and covenant defeasance set for this Article 8 and, anything herein to the contrary notwithstanding, upon the effectiveness of such satisfaction and discharge and defeasance and covenant defeasance
pursuant to this Article 8 with respect to the Securities of such Series, such Securities shall thereupon cease to be so subordinated and shall no longer be subject to the provisions of Article 10 or the Subordination Provisions established pursuant
to Section 2.2.9 with respect to such series and, without limitation to the foregoing, all moneys, U.S. Government Obligations and other securities or property deposited with the Trustee (or other qualifying trustee) in trust in connection with
such satisfaction and discharge, defeasance or covenant defeasance, as the case may be, and all proceeds therefrom may be applied to pay the principal of, premium, if any, on, and mandatory sinking fund payments, if any with respect to the
Securities of such Series as and when the same shall become due and payable notwithstanding the provisions of Article 10 or such Subordination Provisions. 

ARTICLE 9 
 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 convey, transfer, assign, mortgage or pledge to the Trustee as security for the Securities of one or more Series
any property or assets; 
 (b) to comply with Article V; 

(c) to add to the covenants of the Company such further covenants, restrictions, conditions or provisions as the Company and the Trustee shall
consider to be for the protection of the Holders of Securities, and to make the occurrence, or the occurrence and continuance, of a default in any such additional covenants, restrictions, conditions or provisions an Event of Default permitting the
enforcement of all or any of the several remedies provided in this Indenture as herein set forth; provided, that in respect of any such additional covenant, restriction, condition or provision such supplemental indenture may provide for a particular
period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such an Event of Default or may limit the remedies available to the Trustee upon
such an Event of Default or may limit the right of the Holders of a majority in aggregate principal amount of the Securities of such series to waive such an Event of Default; 

  
 42 

 (d) add a guarantor or permit any Person to guarantee the obligations under any Series of
Securities; 
 (e) to cure any ambiguity, mistake, defect or inconsistency; 

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

 (g) 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; 

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

(i) to make any change that does not materially adversely affect the rights of any Securityholder; and 

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

Section 9.2 With Consent of Holders.  

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 each Series affected by such waiver 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 deliver to the Holders of Securities affected thereby and, if any Bearer Securities affected thereby are outstanding, publish on one occasion
in an Authorized Newspaper, a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to deliver or publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any
such supplemental indenture or waiver. 

  
 43 

 Section 9.3 Limitations.  

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

(a) extend the final maturity of any Security; 

(b) reduce the principal amount thereof, or premium thereon, if any; 

(c) reduce the rate or extend the time of payment of interest thereon, 

(d) reduce any amount payable on redemption thereof; 

(e) make the principal thereof (including any amount in respect of original issue discount), or premium thereon, if any, or interest thereon
payable in any coin or currency other than that provided in the Securities or in accordance with the terms thereof; 
 (f) reduce the amount
of the principal of a Discount Security that would be due and payable upon an acceleration of the maturity thereof pursuant to Section 6.2 or the amount thereof provable in bankruptcy pursuant to Section 6.4; 

(g) in the case of Subordinated Securities of any series, modify any of the Subordination Provisions or the definition of “Senior
Indebtedness” relating to such series in a manner adverse to the holders of such Subordinated Securities; 
 (h) alter the provisions of
Section 11.15 or 11.16; 
 (i) impair or affect the right of any Securityholder to institute suit for the payment thereof when due or,
if the Securities provide therefor, any right of repayment at the option of the Securityholder; 
 (j) reduce the aforesaid percentage of
Securities of any Series, the consent of the Holders of which is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults
hereunder and their consequences) provided for in this Indenture; or 
 (k) modify any provision of this Section 9.3. 

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 or 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 the amendment or waiver becomes effective. 

  
 44 

 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 (g) 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 Securityholders 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 immediately preceding paragraph, those Persons who were Securityholders 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 to take any such action, whether or not such Persons continue to be Securityholders after such record date. 

Section 9.6 Notation on or Exchange of Securities.  

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 written request new Securities of that Series that reflect the amendment or waiver. 

Section 9.7 Trustee Protected.  

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee shall sign all supplemental indentures, except that the Trustee need not sign any supplemental indenture that adversely affects its rights. 

ARTICLE 10 

SUBORDINATION OF SECURITIES 

Section 10.1 Agreement to Subordinate. 

The Company, for itself, its successors and assigns, covenants and agrees, and each Holder of Subordinated Securities of any Series by his
acceptance thereof, likewise covenants and agrees, that the payment of the principal of (and premium, if any) and interest, if any, on, and mandatory sinking fund payments, if any, in respect of each and all of the Subordinated Securities of such
series shall be expressly subordinated, to the extent and in the manner provided in the Subordination Provisions established with respect to the Subordinated Securities of such Series pursuant to Section 2.2.9 hereof, in right of payment to the
prior payment in full of all Senior Debt with respect to such Series. 

  
 45 

 ARTICLE 11 

MISCELLANEOUS 

Section 11.1 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 11.2 Notices.  

Any notice or communication by the Company or the Trustee to the other is duly given if in writing and delivered in person or mailed by
first-class mail: 
 if to the Company: 

Brookdale Senior Living Inc. 
 111
Westwood Place, Suite 400 
 Brentwood, Tennessee 37027 

Attention: Chad C. White 
 if to
the Trustee: 
 American Stock Transfer & Trust Company, LLC 

48 Wall Street, 22nd Floor 

New York, New York 10005 

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

Any notice or communication to a Securityholder shall be provided by electronic transmission or by first-class mail to his address shown on
the register kept by the Registrar and, if any Bearer Securities are outstanding, published in an Authorized Newspaper. Failure to provide 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 provided 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
provides a notice or communication to Securityholders, it shall provide a copy to the Trustee and each Agent at the same time. 
 In case,
by reason of the suspension of or irregularities in regular mail service, it shall be impracticable to mail notice by the Company when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving such
notice as shall be reasonably satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice. 

  
 46 

 Section 11.3 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 11.4 Certificate and Opinion as to Conditions Precedent.  

Upon any request or application by the Company to the Trustee to take or refrain from taking any action under this Indenture, the Company shall
furnish to the Trustee: 
 (a) an Officers’ Certificate in form and substance reasonably satisfactory to the Trustee 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 in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of such counsel, all such
conditions precedent have been complied with. 
 Section 11.5 Statements Required in Certificate or Opinion.  

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

(a) a statement that the person making such certificate or opinion has read such covenant or condition; 

(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such
certificate or opinion are based; 
 (c) a statement that, in the opinion of such individual, he has made such examination or investigation
as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 

Section 11.6 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. 

  
 47 

 Section 11.7 Legal Holidays.  

Unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture for a particular Series, a “Legal
Holiday” is a Saturday, Sunday or a day on which banking institutions in the city (or in any of the cities, if more than one) in which amounts are payable, as specified in the form of such Security, are not required by any applicable law or
regulation to be open, and no interest shall accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected. 

Section 11.8 No Recourse Against Others.  

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

Section 11.9 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. 
 Section 11.10
Governing Laws; Waiver of Jury Trial.  
 THIS INDENTURE AND EACH SECURITY SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS
OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL
OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE LAWS AND RULES 327(b). 
 EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 

Section 11.11 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. Any such indenture, loan
or debt agreement may not be used to interpret this Indenture. 

  
 48 

 Section 11.12 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 11.13 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 11.14 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 11.15 Securities in a Foreign Currency or in ECU.  

Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate delivered pursuant to
Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series
or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in a coin or currency other than Dollars (including ECUs), 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 that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such time. For purposes of this
Section 11.15, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable transfers of that currency as published by the Federal Reserve Bank of New York; provided, however, in the case of ECUs, Market
Exchange Rate shall mean the rate of exchange determined by the Commission of the European Union (or any successor thereto) as published in the Official Journal of the European Union (such publication or any successor publication, the
“Journal”). If such Market Exchange Rate is not available for any reason with respect to such currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York
or, in the case of ECUs, the rate of exchange as published in the Journal, as of the most recent available date, or quotations or, in the case of ECUs, rates of exchange from one or more major banks in The City of New York or in the country of issue
of the currency in question or, in the case of ECUs, in Luxembourg or such other quotations or, in the case of ECUs, rates of exchange as the Trustee, upon consultation with the Company, shall deem appropriate. 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 of the Trustee regarding the Market Exchange Rate or any alternative determination provided for in the
preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Company and all Holders. 

  
 49 

 Section 11.16 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. 
 Section 11.17 Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by a
specified percentage in principal amount of the Securityholders of any or all Series may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such specified percentage of Securityholders 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 any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “ACT” of the Holders signing such instrument or instruments and so voting at any such meeting.
Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Sections 7.1 and 7.2) conclusive in favor of the Trustee and the Company, if made in the manner
provided in this Section 11.17. 
 (b) Subject to Sections 7.1 and 7.2, the execution of any instrument by a Securityholder or his agent
or proxy may be proved in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The holding of Registered Securities shall be proved by the Security
register or by a certificate of the registrar thereof. 

  
 50 

 (c) The Company, the Trustee and any agent of the Company or the Trustee may deem and treat
the person in whose name any Security shall be registered upon the Security register for such series as the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notation of ownership or other writing
thereon) for the purpose of receiving payment of or on account of the principal of and, subject to the provisions of this Indenture, interest on such Security and for all other purposes; and neither the Company nor the Trustee nor any agent of the
Company or the Trustee shall be affected by any notice to the contrary. The Company, the Trustee and any agent of the Company or the Trustee may treat the Holder of any Bearer Security as the absolute owner of such Bearer Security (whether or not
such Bearer Security shall be overdue) for the purpose of receiving payment thereof or on account thereof and for all other purposes, and neither the Company, the Trustee, nor any agent of the Company or the Trustee shall be affected by any notice
to the contrary. All such payments so made to any such person, or upon his order, shall be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys payable upon any such Bearer Security. 

(d) At any time prior to (but not after) the evidencing to the Trustee, as provided in this Section 11.17, of the taking of any action by
the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action, any Holder of a Security the serial number of which is shown by the
evidence to be included among the serial numbers of the Securities the Holders of which have consented to such action may, by filing written notice at the Corporate Trust Office and upon proof of holding as provided in this Article, revoke such
action so far as concerns such Security. Except as aforesaid, any such action taken by the Holder of any Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Security and of any Securities issued
in exchange or substitution therefor or on registration of transfer thereof, irrespective of whether or not any notation in regard thereto is made upon any such Security. Any action taken by the Holders of the percentage in aggregate principal
amount of the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the Holders of all the Securities affected by such action.

 ARTICLE 12 

SINKING FUNDS 

Section 12.1 Applicability of Article.  

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

  
 51 

 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 12.2. 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 12.2 Satisfaction of Sinking Fund Payments with Securities. 

 The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series 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 redeemed either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any
mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so credited. Such
Securities shall be received by the Trustee, together with an Officers’ 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 12.2, 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 12.3 Redemption of Securities for Sinking Fund.  

Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officers’ 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 Officers’ Certificate specifying the amount of the next ensuing mandatory sinking
fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that
Series pursuant to Section 12.2, and the 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, Officers’ Certificate or 

  
 52 

 
supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund
payment date in the manner specified in Section 3.2 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 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. 

  
 53 

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

			
	BROOKDALE SENIOR LIVING INC.
		
	By:	 	 /s/ Steven E. Swain

	Name:	 	Steven E. Swain
	Title:	 	Executive Vice President and Chief Financial Officer
	
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
		
	By:	 	 /s/ Paul H. Kim

	Name:	 	Paul H. Kim
	Title:	 	Assistant General Counsel

  
 A-1

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