Document:

EX-4.1

 Exhibit 4.1 
 Execution Copy 
  

 
 EATON VANCE CORP.

  
  

INDENTURE 
  

 
 Dated as of
October 2, 2007 
 WILMINGTON TRUST COMPANY, Trustee 

 
  

 TABLE OF CONTENTS 

 

							
	  	  	 	  	Page	 
	 ARTICLE ONE
	  	DEFINITIONS AND INCORPORATION BY REFERENCE	  	 	1	 
			
	 SECTION 1.01.
	  	 Definitions
	  	 	1	 
	 SECTION 1.02.
	  	 Other Definitions
	  	 	6	 
	 SECTION 1.03.
	  	 Incorporation by Reference of Trust Indenture Act
	  	 	6	 
	 SECTION 1.04.
	  	 Rules of Construction
	  	 	6	 
			
	 ARTICLE TWO
	  	THE SECURITIES	  	 	7	 
			
	 SECTION 2.01.
	  	 Issuable in Series
	  	 	7	 
	 SECTION 2.02.
	  	 Establishment of Terms of Series of Securities
	  	 	7	 
	 SECTION 2.03.
	  	 Denominations; Provisions for Payment
	  	 	10	 
	 SECTION 2.04.
	  	 Execution and Authentication
	  	 	10	 
	 SECTION 2.05.
	  	 Registrar and Paying Agent
	  	 	11	 
	 SECTION 2.06.
	  	 Paying Agent to Hold Money in Trust
	  	 	12	 
	 SECTION 2.07.
	  	 Holder Lists
	  	 	12	 
	 SECTION 2.08.
	  	 Transfer and Exchange
	  	 	13	 
	 SECTION 2.09.
	  	 Mutilated, Destroyed, Lost and Stolen Securities
	  	 	13	 
	 SECTION 2.10.
	  	 Outstanding Securities
	  	 	14	 
	 SECTION 2.11.
	  	 Treasury Securities
	  	 	14	 
	 SECTION 2.12.
	  	 Temporary Securities
	  	 	15	 
	 SECTION 2.13.
	  	 Cancellation
	  	 	15	 
	 SECTION 2.14.
	  	 Defaulted Interest
	  	 	15	 
	 SECTION 2.15.
	  	 Global Securities
	  	 	15	 
	 SECTION 2.16.
	  	 CUSIP Numbers
	  	 	17	 
	 SECTION 2.17.
	  	 Benefits of Indenture
	  	 	17	 
			
	 ARTICLE THREE
	  	REDEMPTION AND PREPAYMENT	  	 	17	 
			
	 SECTION 3.01.
	  	 Notices to Trustee
	  	 	17	 
	 SECTION 3.02.
	  	 Selection of Securities to be Redeemed
	  	 	17	 
	 SECTION 3.03.
	  	 Notice of Redemption
	  	 	18	 
	 SECTION 3.04.
	  	 Effect of Notice of Redemption
	  	 	19	 
	 SECTION 3.05.
	  	 Deposit of Redemption Price
	  	 	19	 
	 SECTION 3.06.
	  	 Securities Redeemed in Part
	  	 	20	 

  
 (i)

							
			
	 ARTICLE FOUR
	  	COVENANTS	  	 	20	 
			
	 SECTION 4.01.
	  	 Payment of Securities
	  	 	20	 
	 SECTION 4.02.
	  	 SEC Reports
	  	 	20	 
	 SECTION 4.03.
	  	 Compliance Certificate
	  	 	20	 
	 SECTION 4.04.
	  	 Further Instruments and Acts
	  	 	21	 
	 SECTION 4.05.
	  	 Corporate Existence
	  	 	21	 
	 SECTION 4.06.
	  	 Calculation of Original Issue Discount
	  	 	21	 
	 SECTION 4.07.
	  	 Additional Amounts
	  	 	21	 
			
	 ARTICLE FIVE
	  	SUCCESSOR COMPANIES	  	 	23	 
			
	 SECTION 5.01.
	  	 Merger, Consolidation or Sale of Assets
	  	 	23	 
	 SECTION 5.02.
	  	 Surviving Person Substituted
	  	 	24	 
			
	 ARTICLE SIX
	  	DEFAULTS AND REMEDIES	  	 	24	 
			
	 SECTION 6.01.
	  	 Events of Default
	  	 	24	 
	 SECTION 6.02.
	  	 Acceleration
	  	 	26	 
	 SECTION 6.03.
	  	 Other Remedies
	  	 	27	 
	 SECTION 6.04.
	  	 Waiver of Past Defaults
	  	 	27	 
	 SECTION 6.05.
	  	 Control by Majority
	  	 	27	 
	 SECTION 6.06.
	  	 Limitation on Suits
	  	 	27	 
	 SECTION 6.07.
	  	 Rights of Holders to Receive Payment
	  	 	28	 
	 SECTION 6.08.
	  	 Collection Suit by Trustee
	  	 	28	 
	 SECTION 6.09.
	  	 Trustee May File Proofs of Claim
	  	 	28	 
	 SECTION 6.10.
	  	 Priorities
	  	 	28	 
	 SECTION 6.11.
	  	 Undertaking for Costs
	  	 	29	 
	 SECTION 6.12.
	  	 Waiver of Stay or Extension Laws
	  	 	29	 
			
	 ARTICLE SEVEN
	  	TRUSTEE	  	 	29	 
			
	 SECTION 7.01.
	  	 Duties of Trustee
	  	 	29	 
	 SECTION 7.02.
	  	 Rights of Trustee
	  	 	31	 
	 SECTION 7.03.
	  	 Individual Rights of Trustee
	  	 	32	 
	 SECTION 7.04.
	  	 Trustee’s Disclaimer
	  	 	32	 
	 SECTION 7.05.
	  	 Notice of Defaults
	  	 	32	 
	 SECTION 7.06.
	  	 Reports by Trustee to Holder
	  	 	32	 
	 SECTION 7.07.
	  	 Compensation and Indemnity
	  	 	32	 
	 SECTION 7.08.
	  	 Replacement of Trustee
	  	 	33	 
	 SECTION 7.09.
	  	 Successor Trustee by Merger
	  	 	34	 
	 SECTION 7.10.
	  	 Eligibility; Disqualification
	  	 	34	 
	 SECTION 7.11.
	  	 Preferential Collection of Claims Against Company
	  	 	34	 

  
 (ii)

							
			
	 ARTICLE EIGHT
	  	LEGAL DEFEASANCE, COVENANT DEFEASANCE AND SATISFACTION AND DISCHARGE	  	 	35	 
			
	 SECTION 8.01.
	  	 Option to Effect Legal Defeasance or Covenant Defeasance
	  	 	35	 
	 SECTION 8.02.
	  	 Legal Defeasance and Discharge
	  	 	35	 
	 SECTION 8.03.
	  	 Covenant Defeasance
	  	 	35	 
	 SECTION 8.04.
	  	 Conditions to Legal or Covenant Defeasance
	  	 	36	 
	 SECTION 8.05.
	  	 Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions
	  	 	37	 
	 SECTION 8.06.
	  	 Repayment to Company
	  	 	38	 
	 SECTION 8.07.
	  	 Reinstatement
	  	 	38	 
	 SECTION 8.08.
	  	 Satisfaction and Discharge of Indenture
	  	 	38	 
			
	 ARTICLE NINE
	  	AMENDMENTS	  	 	39	 
			
	 SECTION 9.01.
	  	 Without Consent of Holders
	  	 	39	 
	 SECTION 9.02.
	  	 With Consent of Holders
	  	 	41	 
	 SECTION 9.03.
	  	 Compliance with Trust Indenture Act
	  	 	41	 
	 SECTION 9.04.
	  	 Revocation and Effect of Consents and Waivers
	  	 	41	 
	 SECTION 9.05.
	  	 Notation on or Exchange of Securities
	  	 	42	 
	 SECTION 9.06.
	  	 Trustee to Sign Amendments
	  	 	42	 
	 SECTION 9.07.
	  	 Payment for Consent
	  	 	42	 
			
	 ARTICLE TEN
	  	MISCELLANEOUS	  	 	42	 
			
	 SECTION 10.01.
	  	 Trust Indenture Act Controls
	  	 	42	 
	 SECTION 10.02.
	  	 Notices
	  	 	42	 
	 SECTION 10.03.
	  	 Communication by Holders with Other Holders
	  	 	43	 
	 SECTION 10.04.
	  	 Certificate and Opinion as to Conditions Precedent
	  	 	43	 
	 SECTION 10.05.
	  	 Statements Required in Certificate or Opinion
	  	 	43	 
	 SECTION 10.06.
	  	 Acts of Holders
	  	 	44	 
	 SECTION 10.07.
	  	 Rules by Trustee, Paying Agent and Registrar
	  	 	45	 
	 SECTION 10.08.
	  	 Legal Holidays
	  	 	45	 
	 SECTION 10.09.
	  	 Governing Law
	  	 	45	 
	 SECTION 10.10.
	  	 No Recourse Against Others
	  	 	46	 
	 SECTION 10.11.
	  	 Successors
	  	 	46	 
	 SECTION 10.12.
	  	 Multiple Originals
	  	 	46	 
	 SECTION 10.13.
	  	 Table of Contents; Headings
	  	 	46	 
	 SECTION 10.14.
	  	 Severability
	  	 	46	 

  
 (iii)

 CROSS-REFERENCE TABLE* 

 

			
	 Trust Indenture Act Section
	  	 Indenture Section

	 310 (a)(1)
	  	 7.10

	        (a)(2)
	  	 7.10

	        (a)(3)
	  	 Not Applicable

	        (a)(4)
	  	 Not Applicable

	        (a)(5)
	  	 7.10

	        (b)
	  	 7.10

	        (c)
	  	 Not Applicable

	 311 (a)
	  	 7.11

	        (b)
	  	 7.11

	        (c)
	  	 Not Applicable

	 312 (a)
	  	 2.07

	        (b)
	  	 10.03

	        (c)
	  	 10.03

	 313 (a)
	  	 7.06

	        (b)(1)
	  	 7.06

	        (b)(2)
	  	 7.06

	        (c)
	  	 7.06

	        (d)
	  	 7.06

	 314 (a)
	  	 4.02; 4.03

	        (b)
	  	 Not Applicable

	        (c)(1)
	  	 2.04; 10.04

	        (c)(2)
	  	 2.04; 10.04

	        (c)(3)
	  	 8.04

	        (d)
	  	 Not Applicable

	        (e)
	  	 10.05

	        (f)
	  	 Not Applicable

	 315 (a)
	  	 7.01

	        (b)
	  	 7.05

	        (c)
	  	 7.01

	        (d)
	  	 7.01

	        (e)
	  	 6.11

	 316 (a) (last sentence)
	  	 2.11

	        (a)(1)(A)
	  	 6.05

	        (a)(1)(B)
	  	 6.04

	        (a)(2)
	  	 Not Applicable

	        (b)
	  	 6.07

	        (c)
	  	 2.14; 9.04; 10.06

	 317 (a)(1)
	  	 6.08

	        (a)(2)
	  	 6.09

	        (b)
	  	 2.06

	 318 (a)
	  	 10.01

	        (b)
	  	 Not Applicable

	        (c)
	  	 10.01

 * This Cross-Reference Table is not part of the Indenture. 

 INDENTURE dated as of October 2, 2007, between EATON VANCE CORP., a Maryland
corporation, and WILMINGTON TRUST COMPANY, as trustee. 
 The Company and the Trustee agree as follows for the benefit of each
other and for the equal and ratable benefit of the Holders of the securities issued under this Indenture (the “Securities”): 
 ARTICLE ONE 
 DEFINITIONS AND INCORPORATION BY REFERENCE 

SECTION 1.01. Definitions. 
 For all purposes under this Indenture and any supplemental indenture hereto, except as otherwise expressly provided or unless the context otherwise requires, the following terms shall have the following
meanings: 
 “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 purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), when used with respect to any Person, shall mean the power to direct or cause the direction of the management or policies of such Person, directly or indirectly, whether through the ownership of voting
securities, by agreement or otherwise. 
 “Agent” means the Registrar or any Paying Agent, Service Agent or
authenticating agent. 
 “Bankruptcy Law” means Title II, U.S. Code or any similar federal or state law for the relief
of debtors. 
 “Board of Directors” means the Board of Directors of the Company, or any authorized committee of the
Board of Directors. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and delivered to the Trustee. 

“Business Day” means any day other than a Legal Holiday. 

“Capital Stock” means, with respect to any Person, any shares or other equivalents (however designated) of any class of
corporate stock or partnership interests or any other participations, rights, warrants, options or other interests in the nature of an equity interest in such Person, including preferred stock, including any debt security convertible or exchangeable
into such equity interest. 
 “Clearstream” means Clearstream Banking, société anonyme, or any successor
thereto. 

 “Commodity Price Protection Agreement” means, in respect of a Person, any forward
contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement designed to protect such Person against fluctuations in commodity prices. 

“Company” means Eaton Vance Corp., a Maryland corporation, and any and all successors thereto. 

“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, principal accounting officer or treasurer. 
 “Corporate Trust
Office of the Trustee” shall be the address of the Trustee specified in Section 10.02 hereof or such other address as to which the Trustee may give notice to the Company. 

“Currency Exchange Protection Agreement” means, in respect of a Person, any foreign exchange contract, currency swap agreement,
currency option or other similar agreement or arrangement designed to protect such Person against fluctuations in currency exchange rates. 
 “Debt” means, with respect to any Person (without duplication): 
 (a)
the principal of and premium (if any) in respect of any obligation of such Person for money borrowed, and any obligation evidenced by notes, debentures, bonds or other similar instruments for the payment of which such Person is responsible or
liable; 
 (b) all obligations of such Person as lessee under leases required to be capitalized on the balance sheet of the
lessee under generally accepted accounting principles and leases of Property made as part of any sale and leaseback transaction entered into by such Person; 
 (c) all obligations of such Person issued or assumed as the deferred purchase price of Property, all conditional sale obligations of such Person and all obligations of such Person under any title
retention agreement (but excluding trade accounts payable arising in the ordinary course of business); 
 (d) all obligations of
such Person for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit transaction; 
 (e) all obligations of the type referred to in clauses (a) through (d) of other Persons and all dividends of other Persons for the payment of which, in either case, such Person is responsible or
liable, directly or indirectly, as obligor, guarantor or otherwise, including by means of any Guarantee; 
 (f) all obligations
of the type referred to in clauses (a) through (e) of other Persons secured by any Lien on any Property of such Person (whether or not such obligation is assumed by such Person); and 

  
 - 2 -

 (g) to the extent not otherwise included in this definition, obligations pursuant to any
Interest Rate Agreement, Currency Exchange Protection Agreement, Commodity Price Protection Agreement or any other similar agreement or arrangement of such Person. 
 “Default” means any event that is, or after notice or passage of time or both would be, an Event of Default. 
 “Definitive Security” means a certificated Security registered in the name of the Holder thereof and issued in accordance with Section 2.12 hereof 

“Depositary” means, with respect to the Securities issuable or issued in whole or in part in global form, the Person specified
pursuant to Section 2.15 hereof as the Depositary with respect to the Securities, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 

“Dollar” means a dollar or other equivalent unit in such coin or currency of the United States as at the time shall be legal
tender for the payment of public and private debt. 
 “Euroclear” means Euroclear Bank S.A./N.V., as operator of the
Euroclear System, or any successor thereto. 
 “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. 
 “GAAP” means generally accepted accounting principles in the United States of America as
determined by the Public Company Accounting Oversight Board. 
 “Global Security” when used with respect to any Series
of Securities issued hereunder, means a Security which is executed by the Company and authenticated and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with this Indenture and any
indenture supplemental hereto or Board Resolution and pursuant to a Company Order, which shall be registered in the name of the Depositary or its nominee and which shall represent, and shall be denominated in an amount equal to the aggregate
principal amount of, all the outstanding Securities of such Series or any portion thereof, in either case having the same terms, including, without limitation, the same original issue date, date or dates on which principal is due, and interest rate
or method of determining interest and which shall bear the legend as prescribed by Section 2.15(c). 
 “Global Security
Legend” means the legend set forth in Section 2.15(c), which is required to be placed on all Global Securities issued under this Indenture. 
 “Guarantee” means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including, without
limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof), of all or any part of any Debt. 

  
 - 3 -

 The term “Guarantor” shall mean any Person Guaranteeing any obligation.

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

“Indenture” means this Indenture, as amended or supplemented from time to time. 

“Interest Payment Date” when used with respect to any Series of Securities, means the date specified in such Securities for the
payment of any installment of interest on those Securities. 
 “Interest Rate Agreement” means, for any Person, any
interest rate swap agreement, interest rate cap agreement, interest rate collar agreement or other similar agreement designed to protect against fluctuations in interest rates. 

“Lien” means, with respect to any Property of any Person, any mortgage or deed of trust, pledge, hypothecation, assignment,
deposit arrangement, security interest, lien, charge, encumbrance, preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever on or with respect to such Property (including any capital lease
obligation, conditional sale or other title retention agreement having substantially the same economic effect as any of the foregoing or any sale and leaseback transaction). 
 “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, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any
Assistant Treasurer, the Controller, the Secretary or any Vice President of such Person. 
 “Officers’
Certificate” means a certificate signed on behalf of the Company by two Officers of the Company, one of whom must be the principal executive officer, the principal financial officer or the principal accounting officer of the Company, that meets
the requirements of Section 10.04 and 10.05 hereof. 
 “Opinion of Counsel” means an opinion from legal counsel,
that meets the requirements of Section 10.04 hereof. The counsel may be an employee of or counsel to the Company or any Subsidiary of the Company. 
 “Original Issue 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 6.02. 
 “Participant” means, with respect to the Depositary, Euroclear or
Clearstream, a Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with respect to the Depository Trust Company, shall include Euroclear and Clearstream). 

  
 - 4 -

 “Person” means any individual, corporation, partnership, limited liability
company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof or any other entity. 
 “Property” means, with respect to any Person, any interest of such Person in any kind of property or asset, whether real, personal or mixed, or tangible or intangible, including Capital Stock
in, and other securities of, any other Person. 
 “Responsible Officer” with respect to the Trustee, means any Vice
President, Assistant Vice President, Assistant Treasurer or any other officer of the Trustee assigned by the Trustee to administer its corporate trust matters and who customarily performs functions similar to those performed by such Persons who at
the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such Person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for administration of
this Indenture. 
 “SEC” means the Securities and Exchange Commission. 

“Securities” has the meaning assigned to it in the preamble to this Indenture. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Series” or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company
created pursuant to Sections 2.01 and 2.02 hereof. 
 “Stated Maturity,” when used with respect to any Security, means
the date specified in such Security as the fixed date on which an amount equal to the principal amount of such Security is due and payable. 
 “Subsidiary” of any Person means any corporation, limited liability company, 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.C. §§ 77aaa-77bbbb) and the rules and regulations thereunder as in effect on the date on which this Indenture is qualified under the
TIA, except as provided in Section 9.03. 
 “Trustee” means the party named as such above until a successor
replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 
 “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 -

 “U.S. Person” means a U.S. person as defined in Rule 902(k) under the Securities
Act. 
 SECTION 1.02. Other Definitions. 

 

			
	 Term
	  	Defined in Section
	 “Additional Amounts”
	  	4.07
	 “Additional Interest”
	  	6.01
	 “Covenant Defeasance”
	  	8.03
	 “Event of Default”
	  	6.01
	 “Legal Defeasance”
	  	8.02
	 “Legal Holiday”
	  	10.08
	 “Paying Agent”
	  	2.05
	 “Registrar”
	  	2.05
	 “Relevant Taxing Jurisdiction”
	  	4.07
	 “Service Agent”
	  	2.05
	 “Surviving Person”
	  	5.01
	 “Taxes”
	  	4.07

 SECTION 1.03. Incorporation by Reference of Trust Indenture Act. This Indenture is subject to the
mandatory provisions of the TIA, which are incorporated by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Securities; 
 “indenture security Holder” means a Holder of a Security; 

“indenture to be qualified” means this Indenture; 
 “indenture trustee” or “institutional trustee” means the Trustee; and 
 “obligor” on the 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 the TIA’s reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to them.

 SECTION 1.04. Rules of Construction. Unless the context otherwise requires: 

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

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

(3) “or” is not exclusive; 

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

  
 - 6 -

 (5) provisions apply to successive events and transactions; and 

(6) references to sections of or rules under the Securities Act shall be deemed to include substitute, replacement or
successor sections or rules adopted by the SEC from time to time. 
 ARTICLE TWO 

THE SECURITIES 

SECTION 2.01. 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, supplemental indenture or Officers’ Certificate 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. 

SECTION 2.02. 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 2.02(a) and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.02(b) through 2.02(w)) by a Board Resolution,
a supplemental indenture or an Officers’ Certificate pursuant to authority granted under a Board Resolution: 
 (a) the
title of the Securities of the Series (which shall distinguish the Securities of that particular Series from the Securities of any other Series); 
 (b) the ranking of the Securities of the Series relative to other Debt of the Company and the terms of any subordination provisions; 

(c) any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series); 
 (d) the date or dates on which the principal and premium, if any, of the Securities of the Series are payable; 
 (e) the rate or rates (which may be fixed or variable) at which the Securities of the Series shall bear interest, if any, or the method of determining such rate or rates, the date or dates from which such
interest, if any, shall accrue, the Interest Payment Dates on which such interest, if any, shall be payable or the method by which such dates will be determined, the record dates for the determination of Holders thereof to whom such interest is
payable (in the case of Securities in registered form), and the basis upon which such interest will be calculated if other than that of a 360-day year of twelve 30-day
months; 

  
 - 7 -

 (f) the currency or currencies, including composite currencies in which Securities of the
Series shall be denominated, if other than Dollars, the place or places, if any, in addition to or instead of the Corporate Trust Office of the Trustee, where the principal, premium and interest with respect to Securities of such Series shall be
payable or the method of such payment, if by wire transfer, mail or other means; 
 (g) the price or prices at which, the period
or periods within which, and the terms and conditions upon which, Securities of the Series may be redeemed, in whole or in part at the option of the Company or otherwise; 
 (h) the form of the Securities of the Series and whether Securities of the Series are to be issued in registered form or bearer form or both and, if Securities are to be issued in bearer form, whether
coupons will be attached to them, whether Securities of the Series in bearer form may be exchanged for Securities of the Series issued in registered form, and the circumstances under which and the places at which any such exchanges, if permitted,
may be made; 
 (i) if any Securities of the Series are to be issued in bearer form or as one or more Global Securities
representing individual Securities of the Series in bearer form, whether certain provisions for the payment of additional interest or tax redemptions shall apply; whether interest with respect to any portion of a temporary Security of the Series in
bearer form payable with respect to any Interest Payment Date prior to the exchange of such temporary Security in bearer form for Definitive Securities of the Series in bearer form shall be paid to any clearing organization with respect to the
portion of such temporary Security in bearer form held for its account and, in such event, the terms and conditions (including any certification requirements) upon which any such interest payment received by a clearing organization will be credited
to the Persons entitled to interest payable on such Interest Payment Date; and the terms upon which a temporary Security in bearer form may be exchanged for one or more Definitive Securities of the Series in bearer form; 

(j) the obligation, if any, of the Company to redeem, purchase or repay the Securities of the Series pursuant to any sinking fund or
analogous provisions or at the option of a Holder thereof and the price or prices at which, the period or periods within which, and the terms and conditions upon which, Securities of the Series shall be redeemed, purchased or repaid, in whole or in
part, pursuant to such obligations; 
 (k) the terms, if any, upon which the Securities of the Series may be exchanged for any
of the Company’s Capital Stock or other equity interests, and the terms and conditions upon which such exchange shall be effected, including the initial exchange price or rate, the exchange period and any other additional provisions;

 (l) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the
Series shall be issuable; 
 (m) if the amount of principal, premium or interest with respect to the Securities of the Series
may be determined with reference to an index or pursuant to a formula, the manner in which such amounts will be determined; 

  
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 (n) if the principal amount payable at the Stated Maturity of Securities of the Series will
not be determinable as of any one or more dates prior to such Stated Maturity, the amount that will be deemed to be such principal amount as of any such date for any purpose, including the principal amount thereof which will be due and payable upon
any Maturity other than the Stated Maturity and which will be deemed to be outstanding as of any such date (or, in any such case, the manner in which such deemed principal amount is to be determined), and if necessary, the manner of determining the
equivalent thereof in Dollars; 
 (o) the applicability of or any changes or additions to the defeasance and discharge
provisions of Article Eight; 
 (p) if other than the principal amount thereof, the portion of the principal amount of the
Securities of the Series that shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02; 
 (q) the terms, if any, of the transfer, mortgage, pledge or assignment as security for the Securities of the Series of any properties, assets, moneys, proceeds, securities or other collateral, including
whether certain provisions of the TIA are applicable and any corresponding changes to provisions of this Indenture as then in effect; 
 (r) any addition to or change in the Events of Default which applies to any Securities of the Series and any change in the right of the Trustee or the requisite Holders of such Series of Securities to
declare the principal amount of, premium, if any, and interest on such Series of Securities due and payable pursuant to Section 6.02; 
 (s) if the Securities of the Series shall be issued in whole or in part in the form of a Global Security, the terms and conditions, if any, upon which such Global Security may be exchanged in whole or in
part for other individual Definitive Securities of such Series, the Depositary for such Global Security and the form of any legend or legends to be borne by any such Global Security in addition to or in lieu of the Global Securities Legend;

 (t) if the Securities will be convertible into or exchangeable for any other securities and the applicable terms and
conditions for such conversion or exchange; 
 (u) any Trustee, authenticating agent, Paying Agent, transfer agent, Service
Agent or Registrar; 
 (v) the applicability of, and any addition to or change in, the covenants (and the related definitions)
set forth in Articles Four or Five that applies to Securities of the Series; 
 (w) with regard to Securities of the Series that
do not bear interest, the dates for certain required reports to the Trustee; 
 (x) the terms applicable to Original Issue
Discount Securities, including the rate or rates at which original issue discount will accrue; 
 (y) any other terms of
Securities of the Series (which terms shall not be prohibited by the provisions of this Indenture). 

  
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 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 2.03. Denominations; Provisions for Payment. The Securities shall be issuable, except as otherwise provided with respect
to any series of Securities pursuant to Section 2.02, as registered Securities in the denominations of one thousand Dollars ($1,000) or any integral multiple thereof, subject to Sections 2.02(f) and 2.02(l). The Securities of any Series shall
bear interest payable on the dates and at the rate specified with respect to that Series. Unless otherwise provided as contemplated by Section 2.02 with respect to Securities of any Series, the principal of and the interest on the Securities of
any Series, as well as any premium thereon, shall be payable in Dollars. Such payment shall be made at the Corporate Trust Office of the Trustee. Each Security shall be dated the date of its authentication. Unless otherwise provided as contemplated
by Section 2.02, interest on the Securities shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 

The interest installment on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for
Securities of that Series shall be paid to the Person in whose name said Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest installment. 

Unless otherwise set forth in a Board Resolution, a supplemental indenture or an Officers’ Certificate establishing the terms of any
Series of Securities pursuant to Section 2.02 hereof, the term “regular record date” as used in this Section with respect to Securities of any Series with respect to any Interest Payment Date for such Series shall mean (i) either
the fifteenth day of the month immediately preceding the month in which an Interest Payment Date established for such series pursuant to Section 2.02 hereof shall occur, if such Interest Payment Date is the first day of a month or (ii) the
first day of the month in which an Interest Payment Date established for such Series pursuant to Section 2.02 hereof shall occur, if such Interest Payment Date is the fifteenth day of a month, in each case, whether or not such date is a
Business Day. 
 Subject to the foregoing provisions of this Section, each Security of a Series delivered under this Indenture
upon transfer of or in exchange for or in lieu of any other Security of such Series shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Security. 

SECTION 2.04. 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 nevertheless be valid. A Security shall not be valid until authenticated by the manual signature of
the Trustee or an authenticating agent. Such signature shall be conclusive evidence that the Security has been authenticated under this Indenture. The Securities may contain such notations, legends or endorsements required by law, stock exchange
rule or usage. 

  
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 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 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 2.02, except as provided in Section 2.09. 

Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.02) 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 10.04 and 10.05, and (c) an Opinion of Counsel complying with Section 10.04 and 10.05. 

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 by its board of directors or trustees, executive committee or a trust committee of directors and/or vice presidents shall determine
that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities. 
 The
Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee
includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the Company. 
 SECTION 2.05. Registrar and Paying Agent. So long as Securities of any Series remaining outstanding, the Company agrees to maintain a corporate trust office (or any other place or places specified
with respect to such Series pursuant to Section 2.02) where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of such Series may be presented 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 Securities and to their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each office or agency, Registrar,
Paying Agent or Service Agent. If at any time the Company shall fail to maintain any such required office or agency, Registrar, Paying Agent or Service Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations,

  
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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 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 2.02 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 additional paying agent or additional service agent. The term “Paying Agent” includes any additional paying agent and the term “Service Agent” includes any additional service agent. 

The Company hereby appoints the Trustee as 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. 
 SECTION 2.06. Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent, other than the Trustee, to agree in writing that the Paying Agent will hold in trust, for the benefit
of Holders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of, premium, if any, on or interest on the Series of Securities, and will 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. Notwithstanding anything in this Section to the contrary, (i) the agreement to hold sums in trust as
provided in this Section 2.06 is subject to the provisions of Section 8.06, and (ii) the Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or 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 terms and conditions as those upon which such sums were held by the Company or such Paying Agent;
and, upon such payment by any Paying Agent to the Trustee, such Paying Agent (if other than the Company or a Subsidiary) shall be released from all further liability with respect to the money. If the Company or a Subsidiary of the Company acts as
Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of Holders of any Series of Securities all money held by it as Paying Agent. 
 SECTION 2.07. Holder Lists. (a) The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders of each
Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each Interest Payment Date and at such other times as the Trustee may
request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Holders of each Series of Securities. 
 (b) The Trustee may destroy any list furnished to it as provided in Section 2.07(a) upon receipt of a new list so furnished. 

  
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 SECTION 2.08. Transfer and Exchange. When Securities of a Series are presented to the
Registrar with a request to register a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To
permit registrations of transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted
herein), but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges
pursuant to Sections 2.12, 3.06 or 9.05). 
 Neither the Company nor the Registrar shall be required (a) to issue, register
the transfer of, or exchange Securities of any Series during the period beginning at the opening of business fifteen days immediately preceding the mailing of a notice of redemption of Securities of that Series selected for redemption and ending at
the close of business on the day of such mailing, or (b) to register the transfer or exchange of Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected,
called or being called for redemption in part. 
 All Securities presented or surrendered for exchange or registration of
transfer, as provided in this Section, shall be accompanied (if so required by the Company or the Registrar) by a written instrument or instruments of transfer, in form satisfactory to the Company or the Registrar, duly executed by the Holder or by
such Holder’s duly authorized attorney in writing. 
 The provisions of this Section 2.08 are, with respect to any
Global Security, subject to Section 2.15 hereof. 
 SECTION 2.09. Mutilated, Destroyed, Lost and Stolen Securities.
If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not
contemporaneously outstanding. 
 If there shall be delivered to the Company and the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the
Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new
Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 In
case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security (without surrender thereof except in the case of a
mutilated Security) if the applicant for such payment shall furnish to the Company and the Trustee such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, and, in case of destruction, loss
or theft, evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof. 

  
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 Upon the issuance of any new Security under this Section 2.09, the Company may require
the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee and its counsel) connected therewith. 

Every new Security of any Series issued pursuant to this Section 2.09 in lieu of any destroyed, lost or stolen Security shall
constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Securities of that Series duly issued hereunder. 
 The provisions of this
Section 2.09 are exclusive and shall preclude (to the extent lawful) any and all other rights and remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary, with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Securities, negotiable instruments or other securities. 
 SECTION 2.10. Outstanding
Securities. The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest on a Global Security effected by the
Trustee in accordance with the provisions hereof and those described in this Section 2.10 as not outstanding. 
 If a
Security is replaced pursuant to Section 2.09, it ceases to be outstanding until the Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser. 

If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of any thereof) holds on the Maturity of
Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to accrue. 

A Security does not cease to be outstanding because the Company or an Affiliate holds the Security. 

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 an Original Issue 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 6.02. 
 SECTION 2.11. Treasury Securities. In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand, authorization, direction,
notice, consent or waiver, Securities of a Series owned by the Company or an Affiliate of the Company shall be disregarded and deemed not to be outstanding, except 

  
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that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series
that a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. Subject to the foregoing, only Securities outstanding at the time shall be considered in any such determination. 

SECTION 2.12. Temporary Securities. Until Definitive Securities are ready for delivery, the Company may prepare and the Trustee
shall authenticate temporary Securities upon a Company Order. Temporary Securities shall be substantially in the form of Definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without
unreasonable delay, the Company shall prepare and the Trustee upon request shall authenticate Definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary Securities shall have the
same rights under this Indenture as the Definitive Securities. 
 SECTION 2.13. Cancellation. The Company at any time may
deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities
surrendered for transfer, exchange, payment, replacement or cancellation and shall dispose of such canceled Securities according to its normal operating procedures (subject to the record retention requirement of the Exchange Act) and deliver a
certificate of such disposition to the Company. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. 
 SECTION 2.14. Defaulted Interest. If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted by law, any interest
payable on the defaulted interest, to the persons who are Holders of the Series on a subsequent special record date. The Company shall fix the record date and payment date. At least 30 days before the special record date, the Company shall mail to
the Trustee and to each Holder of the Series a notice that states the special record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful manner. 

SECTION 2.15. Global Securities. 
 (a) 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 Global Securities and the Depositary for such Global Security or Securities. Global Securities initially shall be (i) registered in the name of the Depositary or the nominee of such Depositary and (ii) delivered
to the Trustee as custodian for the Depositary. Each Global Security shall represent such of the outstanding Securities of a Series as will be specified therein, and each shall provide that it represents the aggregate principal amount of outstanding
Securities of such Series from time to time, as reflected in the records of the Trustee and that the aggregate principal amount of outstanding Securities of a Series represented thereby may from time to time be reduced or increased, as appropriate
to reflect issuances, exchanges, redemptions and other changes. 

  
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 (b) Transfer and Exchange. Notwithstanding any provisions to the contrary contained
in Section 2.08 of the Indenture and in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.08 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or
its nominee only if (i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act,
and, in either case, the Company fails to appoint a successor Depositary within 90 days of such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the effect that such Global Security shall be so
exchangeable or (iii) an Event of Default with respect to the Securities represented by such Global Security shall have occurred and be continuing. Any Global Security that is exchangeable pursuant to the preceding sentence shall be
exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms. 

Except as provided in this Section 2.15(b), a Global Security may only be transferred in whole but not in part (i) by the Depositary
with respect to such Global Security to a nominee of such Depositary, (ii) by a nominee of such Depositary to such Depositary or another nominee of such Depositary or (iii) by the Depositary or any such nominee to a successor Depositary or
a nominee of such a successor Depositary. 
 (c) Legend. Any Global Security issued hereunder shall bear a legend in
substantially the following form: 
 “THIS SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS
SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (A) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE
INDENTURE, (B) THIS SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.15(B) OF THE INDENTURE, (C) THIS SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.13 OF THE INDENTURE AND
(D) EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.15(B) OF THE INDENTURE, THIS SECURITY MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY (X) BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, (Y) BY A NOMINEE OF THE DEPOSITARY TO THE
DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR (Z) BY THE DEPOSITARY OR ANY NOMINEE TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.” 
 (d) Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by Section 2.02, payment of the principal of and premium, if any, and interest,
if any, on any Global Security shall be made to the Holder thereof. 
 (e) Consents, Declaration and Directions. Except
as provided in Section 2.15(d), the Company, the Trustee and any Agent shall treat a Person as the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in

  
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a written statement of the Depositary with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders
pursuant to this Indenture. 
 SECTION 2.16. CUSIP Numbers. The Company in issuing the Securities may use
“CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that neither the Company nor the Trustee shall have any
responsibility for any defect in the “CUSIP” number that appears on any Security, check, advice of payment or redemption notice, 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 of any change in “CUSIP” numbers. 
 SECTION
2.17. Benefits of Indenture. Nothing in this Indenture or in the Securities, express or implied, shall give or be construed to give to any Person, other than the parties hereto and the holders of the Securities, any legal or equitable right,
remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto and of the Holders of the
Securities. 
 ARTICLE THREE 
 REDEMPTION AND PREPAYMENT 
 SECTION 3.01. Notices 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 Series of 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 of the redemption date and the principal amount of Securities of the Series to be redeemed and the redemption price. The Company shall give such notice to the Trustee at least 30 but no more that 60 days
before the redemption date (or such shorter notice as may be acceptable to the Trustee). 
 SECTION 3.02. Selection of
Securities to be Redeemed. Unless otherwise indicated for a particular Series of Securities by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if less than all of the Securities are to be redeemed or purchased in
an offer to purchase at any time, the Trustee shall select the Securities to be redeemed or purchased as follows: 
 (1) if the Securities are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed; or

  
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 (2) if the Securities are not listed on any national securities exchange, on
a pro rata basis, by lot or by such other method as the Trustee shall deem fair and appropriate. 
 Unless otherwise indicated
for a particular Series of Securities by a Board Resolution, a supplemental indenture or an Officers’ Certificate, no Securities of $1,000 of principal amount or less will be redeemed in part. Except as provided in the preceding sentence,
provisions of this Indenture that apply to Securities called for redemption also apply to portions of Securities called for redemption. The Trustee shall make the selection at least 30 days but not more than 60 days before the redemption date from
outstanding Securities of a Series not previously called for redemption. 
 If any Security is to be redeemed in part only, the
notice of redemption that relates to such Security shall state the portion of the principal amount of that Security to be redeemed. A new Security in principal amount equal to the unredeemed portion of the original Security presented for redemption
will be issued in the name of the Holder thereof upon cancellation of the original Security. Securities called for redemption become irrevocably due on the date fixed for redemption at the applicable redemption price, plus accrued and unpaid
interest to the redemption date. On and after the redemption date, unless the Company defaults in making the applicable redemption payment, interest ceases to accrue or accrete on Securities or portions of them called for redemption. 

SECTION 3.03. Notice of Redemption. Unless otherwise provided for a particular Series of Securities by a Board Resolution, a
supplemental indenture or an Officers’ Certificate, at least 30 days but not more than 60 days before a redemption date (or, in the case of a partial redemption, at least 35 days but not more than 65 days before a redemption date), the Company
shall mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Securities are to be redeemed at its registered address. 
 The notice shall identify the Securities to be redeemed and shall state: 
 (1) the redemption date; 
 (2) the redemption price or the
appropriate calculation of the redemption price, which in each case will include interest accrued and unpaid to the date fixed for redemption; 
 (3) if any Security is being redeemed in part, the portion of the principal amount of such Security to be redeemed and that, after the redemption date upon surrender of such Security, a new Security or
Securities in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original Security; 
 (4) the name and address of the Paying Agent; 
 (5) that Securities
called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

  
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 (6) that, unless the Company defaults in making such redemption payment,
interest on Securities (or portion thereof) called for redemption ceases to accrue on and after the redemption date; 
 (7) the paragraph of the Securities and/or provision of this Indenture or any supplemental indenture pursuant to which the Securities called for redemption are being redeemed; and 

(8) the CUSIP number, if any, printed on the Securities being redeemed; and 

(9) that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or
printed on the Securities. 
 At the Company’s request, the Trustee shall give the notice of redemption in the
Company’s name and at its expense; provided, however, that the Company shall have delivered to the Trustee, at least 45 days prior to the redemption date, an Officers’ Certificate requesting that the Trustee give such notice and
setting forth the information to be stated in such notice as required by this Section 3.03. 
 SECTION 3.04. Effect of
Notice of Redemption. Once notice of redemption is mailed in accordance with Section 3.03 hereof, Securities called for redemption become irrevocably due and payable on the redemption date at the redemption price. A notice of redemption may
not be conditional. 
 Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the
notice to any other Holder. 
 SECTION 3.05. Deposit of Redemption Price. Prior to 10:00 a.m. (New York City time) on the
redemption date, the Company shall deposit with the Trustee or with the Paying Agent (or, if the Company or a Subsidiary of the Company is the Paying Agent, shall segregate and hold in trust) money sufficient to pay the redemption price of, and
accrued interest on, all Securities to be redeemed on that date, other than Securities or portions of Securities called for redemption that have been delivered by the Company to the Trustee for cancellation. The Trustee or the Paying Agent shall as
promptly as practicable return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption price of, and accrued interest on, all Securities to be redeemed. If such
money is then held by the Company in trust and is not required for such purpose it shall be discharged from such trust. 
 If
the Company complies with the provisions of the preceding paragraph, on and after the redemption date, interest shall cease to accrue on the Securities or the portions of Securities called for redemption. If a Security is redeemed on or after an
interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such record date. If any Security
called for redemption shall not be so paid upon surrender for redemption because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption date until such principal is
paid, and, to the extent lawful, on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities. 

  
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 SECTION 3.06. Securities Redeemed in Part. Upon surrender of a Security that is
redeemed in part, the Company shall execute and, upon the Company’s written request, the Trustee shall authenticate for the Holder (at the Company’s expense) a new Security equal in principal amount to the unredeemed portion of the
Security surrendered. 
 ARTICLE FOUR 
 COVENANTS 
 SECTION 4.01. Payment of Securities. The Company covenants and
agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually make all payments in respect of each Series of Securities on the dates and in the manner provided in such Series of Securities and this Indenture.
Such payments shall be considered made on the date due if on such date the Trustee or the Paying Agent holds, in accordance with this Indenture, money sufficient to make all payments with respect to such Securities then due. 

SECTION 4.02. SEC Reports. Unless otherwise indicated in a Board Resolution, a supplemental indenture hereto or an Officers’
Certificate, notwithstanding that the Company may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, so long as any Securities are outstanding, the Company shall furnish to the Trustee and the Holders
copies of such annual reports and such information, documents and other reports as are specified in Sections 13 and 15(d) of the Exchange Act and applicable to a U.S. corporation (and not a foreign private issuer) subject to such Sections, at the
times specified for the filing of such information, documents and reports under such Sections. Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not
constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of the covenants hereunder (as to which the Trustee is entitled to rely
exclusively on Officers’ Certificates). The Company also shall comply with the other provisions of TIA § 314(a). 
 In
addition, whether or not required by the rules and regulations of the SEC, the Company shall file a copy of all such information and reports with the SEC for public availability within the time periods specified in the SEC’s rules and
regulations (unless the SEC will not accept such a filing) and make such information available to securities analysts and prospective investors upon request. The Company shall at all times comply with TIA § 314(a). 

Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of
such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled
to rely exclusively on Officers’ Certificates). 
 SECTION 4.03. Compliance Certificate. The Company shall deliver
to the Trustee within 120 days after the end of each fiscal year of the Company an Officers’ Certificate stating 

  
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that in the course of the performance by the signers of their duties as Officers of the Company they would normally have knowledge of any Default and whether or not the signers know of any
Default that occurred during such period. If they do, the certificate shall describe the Default, its status and what action the Company is taking or propose to take with respect thereto. The Company also shall comply with TIA § 314(a)(4).

 SECTION 4.04. Further Instruments and Acts. The Company shall execute and deliver to the Trustee such further
instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 
 SECTION 4.05. Corporate Existence. Subject to Article Five hereof, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect: 

(1) corporate, partnership, limited liability company or other existence in accordance with its organizational documents
(as the same may be amended from time to time) and 
 (2) 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 of the Securities. 

SECTION 4.06. Calculation of Original Issue Discount. The Company shall file with the Trustee no more than 30 days after the end
of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on outstanding Securities as of the end of such year and (ii) such other specific information
relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time. 
 SECTION 4.07. Additional Amounts. If, following any transactions permitted by Section 5.01, the Surviving Person is organized other than under the laws of the United States of America, any
State thereof or the District of Columbia, all payments made by the Surviving Person under or with respect to the Securities shall be made free and clear of and without withholding or deduction for or on account of any present or future tax, duty,
levy, impost, assessment or other governmental charge (including penalties, interest and other liabilities related thereto) (hereinafter “Taxes”) imposed or levied by or on behalf of the government of the Surviving Person’s
country of incorporation or any political subdivision or any authority or agency therein or thereof having power to tax, or within any other jurisdiction in which the Surviving Person is organized or is otherwise resident for tax purposes or any
jurisdiction from or through which payment is made (each a “Relevant Taxing Jurisdiction”), unless the Surviving Person is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. 

If the Surviving Person is so required to withhold or deduct any amount for or on account of Taxes imposed by a Relevant Taxing
Jurisdiction from any payment made under or with 

  
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respect to the Securities, the Surviving Person shall pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by the Holders
(including Additional Amounts) after such withholding or deduction will not be less than the amount the Holders would have received if such Taxes had not been withheld or deducted; provided, however, that the foregoing obligation to
pay Additional Amounts does not apply to (1) any Taxes that would not have been so imposed but for the existence of any present or former connection between the relevant Holder (or between a fiduciary, settlor, beneficiary, member or
shareholder of, or possessor of power over the relevant Holder, if the relevant Holder is an estate, nominee, trust or corporation) and the Relevant Taxing Jurisdiction (other than the mere receipt of such payment or the ownership or holding outside
of the Surviving Person’s country of incorporation of such Security); or (2) any estate, inheritance, gift, sales, excise, transfer, personal property tax or similar tax, assessment or governmental charge; nor shall the Surviving Person be
required to pay Additional Amounts (a) if the payment could have been made without such deduction or withholding if the beneficiary of the payment had presented the Security for payment within 30 days after the date on which such payment or
such Security became due and payable or the date on which payment thereof is duly provided for, whichever is later (except to the extent that the Holder would have been entitled to Additional Amounts had the Security been presented on the last day
of such 30 day period), or (b) with respect to any payment of principal of (or premium, if any, on) or interest on such Security to any Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment,
to the extent that a beneficiary or settlor with respect to such fiduciary, a member of such a partnership or the beneficial owner of such payment would not have been entitled to the Additional Amounts had such beneficiary, settlor, member or
beneficial owner been the actual Holder of such Security. 
 At least 30 days prior to each date on which any payment under or
with respect to the Securities of a Series is due and payable, if the Surviving Person will be obligated to pay Additional Amounts with respect to such payment, the Surviving Person will deliver to the Trustee an Officers’ Certificate stating
that such Additional Amounts will be payable, the amounts so payable and will set forth such other information necessary to enable the Trustee, on behalf of the Surviving Person, to pay such Additional Amounts to Holders on the payment date.

 Upon request, the Surviving Person shall provide the Trustee with official receipts or other documentation satisfactory to
the Trustee evidencing the payment of the Taxes with respect to which Additional Amounts are paid. 
 Whenever in this
Indenture, a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, or in any Security there is mentioned, in any context: (1) the payment of principal; (2) purchase prices in connection with a purchase of
Securities; (3) interest; or (4) any other amount payable on or with respect to any of the Securities, such reference shall be deemed to include payment of Additional Amounts provided for in this Section 4.07 to the extent that, in
such context, Additional Amounts are, were or would be payable in respect thereof. 
 The obligations described under this
Section 4.07 shall survive any termination, defeasance or discharge of this Indenture and shall apply mutatis mutandis to any jurisdiction in which any successor Person to the Company or any Surviving Person is organized or any political
subdivision or taxing authority or agency thereof or therein. 

  
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 ARTICLE FIVE 
 SUCCESSOR COMPANIES 
 SECTION 5.01. Merger, Consolidation or Sale of
Assets. Unless otherwise provided for a particular Series of Securities by a Board Resolution, a supplemental indenture or an Officers’ Certificate, the Company shall not merge or consolidate with or into any other Person (other than a
merger of a wholly owned Subsidiary of the Company into the Company) or sell, transfer, lease, convey or otherwise dispose of all or substantially all of its Property in one transaction or series of related transactions unless: 

(a) the Company shall be the surviving Person (the “Surviving Person”) or the Surviving Person (if other than the
Company) formed by such merger or consolidation or to which such sale, transfer, lease, conveyance or disposition is made shall be a corporation or limited liability company organized and existing under the laws of the United States of America or
any state or territory thereof, Bermuda or the United Kingdom; 
 (b) the Surviving Person (if other than the Company) expressly
assumes, by supplemental indenture in form satisfactory to the Trustee, executed and delivered to the Trustee by such Surviving Person, the due and punctual payment of the principal of, and premium, if any, and interest on, all the Securities of all
Series outstanding, according to their tenor, and the due and punctual performance and observance of all the covenants and conditions of this Indenture to be performed by the Company; 

(c) in the case of a sale, transfer, lease, conveyance or other disposition of all or substantially all the Property of the Company, such
Property shall have been transferred as an entirety or virtually as an entirety to one Person and/or such Person’s Subsidiaries; 
 (d) immediately before and immediately after giving effect to such transaction or series of related transactions, no Default or Event of Default shall have occurred and be continuing; 

(e) the Company shall deliver, or cause to be delivered, to the Trustee, in form and substance reasonably satisfactory to the Trustee, an
Officers’ Certificate and an Opinion of Counsel, each stating that such transaction and the supplemental indenture, if any, in respect thereto comply with this Section 5.01 and that all conditions precedent herein provided for relating to
such transaction have been complied with; and 
 (f) the Company shall have delivered to the Trustee an Opinion of Counsel to
the effect that the Holders will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such transaction or series of transactions and will be subject to U.S. Federal income tax on the same amounts, in the same manner
and at the same times as would have been the case if such transaction or series of transactions had not occurred. 
 For the
purposes of this Section 5.01, the sale, transfer, lease, conveyance or other disposition of all the Property of one or more Subsidiaries of the Company, which Property, if held by the Company instead of such Subsidiaries, would constitute all
or substantially all the Property of the Company on a consolidated basis, shall be deemed to be the transfer of all or substantially all the Property of the Company. 

  
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 SECTION 5.02. Surviving Person Substituted. (a) In case of any such merger,
consolidation, sale, conveyance, transfer, lease or other disposition and upon the assumption by the successor entity, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual
payment of the principal of, premium, if any, and interest on all of the Securities of all series outstanding and the due and punctual performance of all of the covenants and conditions of this Indenture or established with respect to each series of
the Securities pursuant to Section 2.02 to be performed by the Company with respect to each series, such successor entity 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 it had been named as the Company herein, and thereupon the predecessor entity shall be relieved of all obligations and covenants under this Indenture and the Securities. 

(b) In case of any such merger, consolidation, sale, conveyance, transfer, lease or other disposition such changes in phraseology and
form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. 
 (c) Nothing
contained in this Indenture (including in this Article Five) or in any of the Securities shall prevent the Company from merging into itself or acquiring by purchase or otherwise all or any part of the Property of any other Person (whether or not
affiliated with the Company). 
 ARTICLE SIX 
 DEFAULTS AND REMEDIES 
 SECTION 6.01. Events of Default. Unless otherwise
indicated for a particular Series of Securities by a Board Resolution, a supplemental indenture hereto, or an Officers’ Certificate, each of the following constitutes an “Event of Default” with respect to each Series of Securities:

 (1) default in the payment of the principal, premium, if any, or redemption price with respect to any Security
of such Series when such amount becomes due and payable; 
 (2) default in the payment of interest (including
Additional Interest, if any) when due on the Securities of such Series within 30 days of when such amount becomes due and payable; 
 (3) default in the deposit of any sinking fund payment when and as due by the terms of any Securities of such Series; 

(4) the Company fails to comply with any of its covenants or agreements in the Securities of such Series or this Indenture
(other than a failure that is subject to the foregoing clauses (1), (2) or (3)) and such failure continues for 60 days after the notice specified below; 

  
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 (5) any other Event of Default provided with respect to Securities of such
Series then outstanding; 
 (6) the Company pursuant to or within the meaning of any Bankruptcy Law: 

(A) commences a voluntary case; 
 (B) consents to the entry of an order for relief against it in an involuntary case; 
 (C) consents to the appointment of a Custodian of it or for any substantial part of its Property; or 
 (D) makes a general assignment for the benefit of its creditors; 

(E) or takes any comparable action under any foreign laws relating to insolvency; or 

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

(A) is for relief against the Company in an involuntary case; 

(B) appoints a Custodian of the Company or for any substantial part of its Property; 

or 
 (C) orders the winding up or liquidation of the Company; 
 or any similar relief
is granted under any foreign laws and the order or decree remains unstayed and in effect for 90 days. 

Notwithstanding anything to the contrary in this Indenture, the sole remedy for an Event of Default relating to the
failure to comply with Section 4.02 of this Indenture or the failure to comply with Section 314(a)(1) of the TIA, if applicable, will for the first 270 days after the occurrence of such an Event of Default consist exclusively of the right to
receive additional interest (“Additional Interest”) on the Securities of a Series at an annual rate of 0.05% of the principal amount of the Outstanding Securities of such Series. This Additional Interest shall be payable in the same
manner and on the same dates as regular interest payable on the Securities of a Series. The Additional Interest shall accrue on all Outstanding Securities of a Series from and including the date on which an Event of Default relating to a failure to
comply with Section 4.02 of this Indenture or the failure to comply with Section 314(a)(1) of the Trust Indenture Act of 1939, if applicable, first occurs to but not including the 270th day thereafter (or such earlier date on which the Event of Default relating to a failure to comply with
Section 4.02 of this Indenture or the failure to comply with Section 314(a)(1) of the TIA, if applicable, is cured or waived prior to such 270th day). Thereafter, such Additional Interest shall cease to accrue and the Securities of such Series will be subject to
acceleration as provided below in Section 6.02 if the Event of Default is continuing. The provisions described in this paragraph will not affect the rights of the Holders of Securities of such Series in the event of the occurrence of any other
Event of Default. 

  
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 The term “Custodian” means, for the purposes of this Article Six, any receiver,
trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 
 A Default under clause (4) is not
an Event of Default until the Trustee or the Holders of at least 25% in principal amount of the outstanding Securities of a Series notify the Company of the Default and the Company does not cure such Default within the time specified after receipt
of such notice. Such notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of Default.” 
 The Company shall deliver to the Trustee, within 30 days after the occurrence thereof, written notice in the form of an Officers’ Certificate of any Event of Default and any event which with the
giving of notice or the lapse of time would become an Event of Default, its status and what action the Company is taking or proposes to take with respect thereto. 
 SECTION 6.02. Acceleration. (a) If an Event of Default with respect to any Series of Securities at the time outstanding (other than an Event of Default specified in Section 6.01(6) or
(7) with respect to the Company) occurs and is continuing, the Trustee or the Holders of not less than 25% in aggregate principal amount of the outstanding Securities of that Series by notice to the Company in writing (and to the Trustee, if
given by Holders of such Securities of such Series), may declare the principal amount of (or, in the case of Original Issue Discount Securities of that Series, the portion thereby specified in the terms of such Security), premium, if any, and
accrued and unpaid interest on all the Securities of that Series to be due and payable. Upon such a declaration, such amounts shall be due and payable immediately. If an Event of Default specified in Section 6.01(6) or (7) with respect to
the Company occurs, the principal amount of (or, in the case of Original Issue Discount Securities of that Series, the portion thereby specified in the terms of such Security), premium, if any, and accrued and unpaid interest on all the Securities
of each Series of Security shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 
 (b) At any time after the principal of the Securities of any Series of Securities shall have been so declared due and payable (or have become immediately due and payable), and before any judgment or
decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the Holders of a majority in principal amount of the Securities of that Series then outstanding hereunder, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences, and waive such Event of Default, if: (i) the Company has paid or deposited with the Trustee a sum sufficient to pay all matured installments of interest upon all the
Securities of that Series and the principal of (and premium, if any, on) any and all Securities of that Series that shall have become due otherwise than by acceleration (with interest upon such principal and premium, if any, and, to the extent that
such payment is enforceable under applicable law, upon overdue installments of interest, at the rate per annum expressed in the Securities of that Series to the date of such payment or deposit) and the amount payable to the Trustee under
Section 7.07, and (ii) any and all Events of Default under the Indenture with respect to such Series of Securities, other than the nonpayment of principal (or, in the case of Original Issue Discount Securities of that Series, the portion
thereby 

  
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specified in the terms of such Security) on Securities of that Series that shall not have become due by their terms, shall have been remedied or waived as provided in Section 6.04. No such
rescission shall affect any subsequent Default or impair any right consequent thereto. 
 SECTION 6.03. Other Remedies.
If an Event of Default with respect to any Series of Securities occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of the principal amount of (or, in the case of Original Issue Discount Securities of that
Series, the portion thereby specified in the terms of such Security), premium, if any, and accrued and unpaid interest on the Securities of that Series or to enforce the performance of any provision of the Securities of that Series or this
Indenture. 
 The Trustee may institute and maintain a suit or legal proceeding even if it does not possess any of the
Securities of a Series or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default with respect to any Series of Securities shall not impair
the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative. 
 SECTION 6.04. Waiver of Past Defaults. The Holders of a majority in principal amount of the Securities of any Series by notice to the Trustee may waive an existing Default or Event of Default and
its consequences except (i) a Default or Event of Default in the payment of the principal amount of (or, in the case of Original Issue Discount Securities of that Series, the portion thereby specified in the terms of such Security), premium, if
any, and accrued and unpaid interest on a Security of that Series, or (ii) a Default or Event of Default in respect of a provision that under Section 9.02 cannot be amended without the consent of each Holder of that Series affected. When a
Default or Event of Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or impair any consequent right. 
 SECTION 6.05. Control by Majority. The Holders of a majority in principal amount of the outstanding Securities of any Series may direct the time, method and place of conducting any proceeding for
any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee with respect to that Series. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or, subject to
Section 7.01, that the Trustee determines is unduly prejudicial to the rights of any other Holder of that Series or that would subject the Trustee to personal liability; provided, however, that the Trustee may take any other action
deemed proper by the Trustee that is not inconsistent with such direction. Prior to taking any action hereunder, the Trustee shall be entitled to indemnity satisfactory to it against all losses and expenses caused by taking or not taking such
action. 
 SECTION 6.06. Limitation on Suits. Except to enforce the right to receive payment of the principal amount of
(or, in the case of Original Issue Discount Securities, the portion thereby specified in the terms of such Security), premium, if any, and accrued and unpaid interest on a Security of any Series when due, no Holder of a Security of that Series may
pursue any remedy with respect to this Indenture or the Securities of that Series unless: 
 (i) the Holder previously gave the
Trustee written notice stating that an Event of Default with respect to that Series is continuing; 

  
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 (ii) the Holders of at least 25% in aggregate principal amount of the outstanding Securities
of that Series make a written request to the Trustee to pursue the remedy; 
 (iii) such Holder or Holders of that Series offer
to the Trustee indemnity satisfactory to it to the Trustee against any loss, liability or expense; 
 (iv) the Trustee does not
comply with the request within 60 days after receipt of the request and the offer of security or indemnity; and 
 (v) the
Holders of a majority in aggregate principal amount of the outstanding Securities of that Series do not give the Trustee a direction inconsistent with the request during such 60-day period. 

A Holder of Securities of any Series may not use this Indenture to prejudice the rights of another Holder of that Series or to obtain a
preference or priority over another Holder of that Series (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders). 

SECTION 6.07. Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder
to receive payment of the principal amount of (or, in the case of Original Issue Discount Securities, the portion thereby specified in the terms of such Security), premium, if any, and accrued and unpaid interest on the Securities held by such
Holder, on or after their Maturity, or to bring suit for the enforcement of any such payment on or after their Maturity, shall not be impaired or affected without the consent of such Holder. 

SECTION 6.08. Collection Suit by Trustee. If an Event of Default specified in Section 6.01(1), (2) or (3) occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole amount then due and owing (together with interest on any unpaid interest to the extent lawful) and the amounts provided
for in Section 7.07. 
 SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim
and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company, its creditors or its Property and, unless prohibited by law or
applicable regulations, may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make 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 its counsel, and any other amounts due the Trustee under Section 7.07. 
 SECTION 6.10. Priorities. If
the Trustee collects any money or Property pursuant to this Article Six with respect to any Series of Securities, it shall pay out the money or Property in the following order: 

FIRST: to the Trustee for amounts due under Section 7.07; 

  
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 SECOND: to Holders for amounts due and unpaid on the Securities of that Series for the
principal amount of (or, in the case of Original Issue Discount Securities of that Series, the portion thereby specified in the terms of such Security), premium, if any, and accrued and unpaid interest, ratably, without preference or priority of any
kind, according to the amounts due and payable on the Securities of that Series for the principal amount of (or, in the case of Original Issue Discount Securities of that Series, the portion thereby specified in the terms of such Security), premium,
if any, and accrued and unpaid interest, respectively; and 
 THIRD: to the Company. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section. At least 15 days before such
record date, the Trustee shall mail to each Holder and the Company a notice that states the record date, the payment date and amount to be paid. 
 SECTION 6.11. Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee,
a court in its discretion may require the filing, by any party litigant in the suit, of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses,
against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 or a
suit by Holders of more than 10% in principal amount of the then outstanding Securities of any Series. 
 SECTION 6.12.
Waiver of Stay or Extension Laws. The Company (to the extent it may lawfully do so) shall at any time insist upon, plead, or in any manner whatsoever claim to take the benefit or advantage of, any stay or extension law, wherever enacted, now
or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and shall not
hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law had been enacted. 

ARTICLE SEVEN 

TRUSTEE 

SECTION 7.01. Duties of Trustee. (a) If an Event of Default has occurred and is continuing with respect to any Series of
Securities, the Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in its exercise thereof as a prudent Person would exercise or use under the circumstances in the conduct of such
Person’s own affairs. 

  
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 (b) Except during the continuance of an Event of Default with respect to any Series of
Securities: 
 (1) the Trustee undertakes to perform such duties and only such duties as are specifically set
forth in this Indenture with respect to the Securities of that Series, as modified or supplemented by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate and no implied covenants or obligations shall be read into
this Indenture against the Trustee; and 
 (2) in the absence of bad faith on its part, the Trustee may, with
respect to Securities of that Series, 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, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they
conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 
 (c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: 

(1) this paragraph does not limit the effect of paragraph (b) of this Section; 

(2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer unless it is
proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee shall not be
liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 or 6.06. 
 (d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (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 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 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 to believe that repayment of such funds or indemnity satisfactory to it against such risk or liability is not
reasonably assured to it. 

  
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 (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. 

SECTION 7.02. Rights of Trustee. (a) The Trustee may conclusively 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. 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 or attorneys and shall not be responsible for the misconduct or negligence of any agent or attorney 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; provided, however, that the Trustee’s conduct does not constitute willful misconduct or gross negligence. 
 (e) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company shall be sufficient if signed by an Officer of the Company. 

(f) The Trustee shall not be deemed to have notice of any Default or Event of Default with respect to the Securities of any Series unless
a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references such
Securities and this Indenture. 
 (g) The rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder. 

(h) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by the Trustee in
compliance with such request or direction. 
 (i) The Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion,
may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the
Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

  
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 (j) The Trustee shall not be liable for any action taken, suffered, or omitted to be taken
by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture. 
 (k) In no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of
whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 
 (l) The
Trustee may request that the Company deliver a certificate setting forth the names of individuals or titles of officers authorized at such time to take specified actions pursuant to this Indenture. 

SECTION 7.03. 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 its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar or co-paying agent may do the same with like rights.
However, the Trustee must comply with Sections 7.10 and 7.11. 
 SECTION 7.04. Trustee’s Disclaimer.
The Trustee shall not be responsible for 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 of the Company in this Indenture, in the Securities, or in any document executed in connection with the sale of the Securities, other than those set forth in the Trustee’s certificate of authentication. 

SECTION 7.05. Notice of Defaults. If a Default with respect to Securities of any Series occurs and is continuing and if it is
actually known to a Responsible Officer of the Trustee, the Trustee shall mail to each Holder of that Series notice of the Default within 90 days after it occurs. The Trustee may withhold the notice if and so long as a committee of its Responsible
Officers in good faith determines that withholding the notice is in the interests of Holders. 
 SECTION 7.06. Reports by
Trustee to Holder. Unless otherwise specified in the applicable Board Resolution, supplemental indenture hereto or Officers’ Certificate, as promptly as practicable after each April 15 beginning with the first such date after the date
of this Indenture, for so long as Securities remain outstanding, the Trustee shall mail to each Holder a brief report dated as of such reporting date that complies with § 313 (a) of the TIA. The Trustee shall also comply with § 313(b) of
the TIA. 
 A copy of each report at the time of its mailing to Holders in accordance with § 313 (c) of the TIA shall be
filed with the SEC and each stock exchange (if any) on which the Securities are listed. The Company agrees to notify promptly the Trustee in writing whenever the Securities become listed on any stock exchange and of any delisting thereof.

 SECTION 7.07. Compensation and Indemnity. The Company shall pay to the Trustee from time to time such compensation for
its services as the Company and the Trustee shall from time to time agree in writing. The Trustee’s compensation shall not be limited by any 

  
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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 against any and all loss, liability or expense (including reasonable
attorneys’ fees and expenses) incurred by or in connection with 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 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, negligence or bad faith. 
 To secure the Company’s payment obligations in this Section 7.07, the Trustee shall have a lien prior to the Securities on all money or Property held or collected by the Trustee other than money
or Property held in trust to pay the principal of and interest and any additional payments on particular Securities. 
 The
Company’s payment obligations pursuant to this Section 7.07 shall survive the satisfaction or discharge of this Indenture or the resignation or removal of the Trustee. When the Trustee incurs expenses after the occurrence of a Default
specified in Section 6.01(6) or (7) with respect to the Company, the expenses are intended to constitute expenses of administration under the Bankruptcy Law. 
 SECTION 7.08. Replacement of Trustee. The Trustee may resign at any time with respect to the Securities of any Series by so notifying the Company. The Holders of a majority in principal amount of
the Securities of any Series may remove the Trustee and may appoint a successor Trustee with respect to such Series of Securities. The Company shall remove the Trustee if: 

(1) the Trustee fails to comply with Section 7.10; 

(2) the Trustee is adjudged bankrupt or insolvent; 

(3) a receiver or other public officer takes charge of the Trustee or its Property; or 

(4) the Trustee otherwise becomes incapable of acting. 

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 Holders 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 

  
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Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to Holders of that Series of Securities. 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 7.07. 
 If a successor Trustee 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 that Series may petition, at the expense of the Company, any court of competent
jurisdiction for the appointment of a successor Trustee. 
 If the Trustee fails to comply with Section 7.10, any Holder of
that Series of Securities 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 7.08, the Company’s obligations under Section 7.07 shall continue for the benefit of the retiring Trustee.

 SECTION 7.09. Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into, or transfers all
or substantially all 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 shall succeed to the trusts
created by this Indenture any of the Securities shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee, and deliver such Securities so authenticated;
and if at that time any of the Securities shall not have been authenticated, any such 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 or in this Indenture provided that the certificate of the Trustee shall have. 
 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
$50,000,000 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 has been removed shall be subject to TIA § 311(a) to the extent indicated therein. 

  
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 ARTICLE EIGHT 
 LEGAL DEFEASANCE, COVENANT DEFEASANCE AND SATISFACTION AND DISCHARGE 
 SECTION
8.01. Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officers’ Certificate, at any time, elect to have either
Section 8.02 or 8.03 hereof be applied to all outstanding Securities of any Series upon compliance with the conditions set forth below in this Article Eight. 
 SECTION 8.02. Legal Defeasance and Discharge. Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Company shall, subject to the
satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its obligations with respect to all outstanding Securities of that Series on the date the conditions set forth below are satisfied
(hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire Debt represented by the outstanding Securities, which shall thereafter be deemed to
be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in (a) and (b) below, and to have satisfied all its other obligations under such Securities and this Indenture
(and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: 

(a) the Company’s obligations with respect to such Securities of that Series under Article Two; 

(b) the Company’s agreements set forth in Section 5.01 and 5.02; 

(c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s obligations in connection therewith
under Article Two and Article Seven (including, but not limited to, the rights of the Trustee and the duties of the Company under Section 7.07, which shall survive despite the satisfaction in full of all obligations hereunder); and 

(d) this Article Eight. 
 Subject to compliance with this Article Eight, the Company may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 hereof. 

SECTION 8.03. Covenant Defeasance. Upon the Company’s exercise under Section 8.01 hereof of the option applicable to
this Section 8.03 with respect to any Series of Securities, the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from its obligations under any covenants made applicable to the
Series of Securities which are subject to defeasance under the terms of a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate with respect to the outstanding Securities of that Series on and after the date the
conditions set forth in Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of that Series shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver,
consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that

  
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such Securities shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Securities of that Series, the Company
may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any
reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of
this Indenture and such Securities shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof with respect to any Series of Securities, subject
to the satisfaction of the conditions set forth in Section 8.04 hereof, Section 6.01(3) hereof (solely with respect to the covenants described in Section 4.02) shall not constitute an Event of Default with respect to such Securities.

 SECTION 8.04. Conditions to Legal or Covenant Defeasance. The following shall be the conditions to the application of
either Section 8.02 or 8.03 hereof to the outstanding Securities: 
 In order to exercise either Legal Defeasance or
Covenant Defeasance with respect to any Series of Securities: 
 (1) the Company must irrevocably deposit in
trust with the Trustee money or U.S. Government Obligations or a combination thereof for the payment of principal of, premium, if any, on and interest on the Securities of such Series to the Stated Maturity or redemption, as the case may be;

 (2) the Company shall have delivered to the Trustee a certificate in accordance with § 314 (c) of the TIA
from a nationally recognized firm of independent registered public accountants expressing their opinion that the payments of principal and interest when due on the deposited U.S. Government Obligations plus any deposited money without investment
will provide cash at such times and in such amounts as will be sufficient to pay principal and interest when due on all the Securities of such Series to the Stated Maturity or redemption, as the case may be; 

(3) 123 days pass after the deposit is made and during the 123-day period no
Default or Event of Default specified in Section 6.01(6) or (7) with respect to the Company occurs that is continuing at the end of the period; 
 (4) no Default or Event of Default with respect to that Series of Securities shall have occurred and be continuing on the date of such deposit (other than a Default or Event of Default with respect to
that Series of Securities resulting from the borrowing of funds to be applied to such deposit); 
 (5) such
deposit does not constitute a default under any other agreement binding on the Company; 

  
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 (6) the Company shall have delivered to the Trustee an Opinion of Counsel to
the effect that the trust resulting from the deposit does not require registration under the Investment Company Act of 1940; 
 (7) in the case of Legal Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel stating 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 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
such Series of Securities will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have
been the case if such defeasance had not occurred; 
 (8) in the case of the Covenant Defeasance, the Company
shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Series of Securities will not recognize income, gain or loss for Federal income tax purposes as a result of such covenant defeasance and will be subject
to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred; and 

(9) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent to the defeasance and discharge of the Securities as contemplated by this Article Eight have been complied with. 
 SECTION 8.05. Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions. Subject to Section 8.06 hereof, all money and noncallable U.S. Government
Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the outstanding
Securities of the Series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying
Agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent
required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed
against the cash or noncallable U.S. Government Obligations deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the
Holders of the outstanding Securities of that Series. 
 Anything in this Article Eight to the contrary notwithstanding, the
Trustee shall deliver or pay to the Company from time to time upon the request of the Company any money or noncallable U.S. Government Obligations held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized
firm of independent public accountants expressed in a 

  
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written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(2) hereof), are in excess of the amount thereof that would then be required to
be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 
 SECTION 8.06. Repayment to Company. 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, premium, if any, or interest on any Security and remaining unclaimed for two years after such principal, and premium, if
any, or interest has become due and payable shall be paid to the Company on its request or, if then held by the Company, shall be discharged from such trust; and the Holder of such Security shall thereafter look only to the Company for payment
thereof, 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 repayment, shall at the expense of the Company cause to be published once, in the New York Times and The Wall Street Journal (national edition), 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 notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

SECTION 8.07. Reinstatement. If the Trustee or Paying Agent is unable to apply any Dollars or noncallable U.S. Government
Obligations in accordance with Section 8.02 or 8.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s
obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in
accordance with Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium, if any, or interest on any Security following the reinstatement of its
obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money held by the Trustee or Paying Agent. 
 SECTION 8.08. Satisfaction and Discharge of Indenture. If at any time: (a) the Company shall have delivered to the Trustee for cancellation all Securities of a Series theretofore authenticated
(other than any Securities that shall have been destroyed, lost or stolen and that shall have been replaced or paid as provided in Section 2.09 and Securities for whose payment money and/or U.S. Government Obligations have theretofore been
deposited in trust or segregated and held in trust by the Company and thereupon repaid to the Company or discharged from such trust, as provided in Section 8.06); or (b) all such Securities of a particular Series not theretofore delivered
to the Trustee for cancellation shall have become due and payable, or are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of
notice of redemption, and the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of that Series of Securities, cash in United States Dollars, noncallable U.S. Government Obligations, or a combination thereof,
in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay at maturity or upon redemption all Securities of that Series not theretofore delivered to the Trustee for cancellation,
including principal of, premium, if any, and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also 

  
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pay or cause to be paid all other sums payable hereunder with respect to such Series by the Company, and shall have delivered to the Trustee an Opinion of Counsel and an Officers’
Certificate, each stating that all conditions precedent relating to the satisfaction and discharge of this Indenture with respect to such Series have been complied with, then this Indenture shall thereupon cease to be of further effect with respect
to such Series except for: 
 (a) the Company’s obligations with respect to such Securities of that Series under Article
Two; 
 (b) the Company’s agreements set forth in Section 5.01 and 5.02; 

(c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s obligations in connection therewith
(including, but not limited to, the rights of the Trustee and the duties of the Company under Section 7.07, which shall survive despite the satisfaction in full of all obligations hereunder); and 

(d) this Article Eight, 
 each
of which shall survive until the Securities of such Series have been paid in full (thereafter, the Company’s obligations in Section 7.07 only shall survive). 
 Upon the Company’s exercise of this Section 8.08, the Trustee, on demand of the Company and at the cost and expense of the Company, shall execute proper instruments acknowledging satisfaction of
and discharging this Indenture with respect to such Series of Securities. 
 ARTICLE NINE 

AMENDMENTS 

SECTION 9.01. Without Consent of Holders. The Company and the Trustee may amend or supplement this Indenture or the Securities
without the consent of any Holder: 
 (1) to evidence the succession of another Person to the Company pursuant to
Article Five and the assumption by such successor of the Company’s covenants, agreements and obligations in this Indenture and in the Securities; 
 (2) to provide for the issuance of additional Securities in accordance with the limitations set forth herein; 
 (3) to surrender any right or power conferred upon the Company by this Indenture, to add to the covenants of the Company such further covenants, restrictions, conditions or provisions for the protection
of the Holders of all or any Series of Securities as the Board of Directors of the Company shall consider to be for the protection of the Holders of such Securities, and to make the occurrence, or the occurrence and continuance, of a default in
respect of any such additional covenants, restrictions, conditions or provisions a Default or an Event of Default under this Indenture; provided, however, that with respect to any such additional covenant, restriction, condition or

  
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provision, such amendment may provide for a period of grace after default, which may be shorter or longer than that allowed in the case of other Defaults, may provide for an immediate enforcement
upon such Default, may limit the remedies available to the Trustee upon such Default or may limit the right of Holders of a majority in aggregate principal amount of the Securities of any Series to waive such default; 

(4) to cure any ambiguity or correct or supplement any provision contained in this Indenture, in any supplemental
indenture or in any Securities that may be defective or inconsistent with any other provision contained therein; 

(5) to convey, transfer, assign, mortgage or pledge any Property to or with the Trustee, or to make such other provisions
in regard to matters or questions arising under this Indenture as shall not adversely affect the interests of any Holders of Securities of any Series; 
 (6) to modify or amend this Indenture in such a manner as to permit the qualification of this Indenture or any supplemental indenture hereto under the TIA as then in effect; 

(7) to add or to change any of the provisions of this Indenture to provide that Securities in bearer form may be
registrable as to principal, to change or eliminate any restrictions on the payment of principal or premium with respect to Securities in registered form or of principal, premium or interest with respect to Securities in bearer form, or to permit
Securities in registered form to be exchanged for Securities in bearer form, so as to not adversely affect the interests of the Holders or any coupons of any Series in any material respect or permit or facilitate the issuance of Securities of any
Series in uncertificated form; 
 (8) to secure the Securities; 

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

(10) to add to, change, or eliminate any of the provisions of this Indenture with respect to one or more Series of
Securities, so long as any such addition, change or elimination not otherwise permitted under this Indenture shall (A) neither apply to any Security of any Series created prior to the execution of such supplemental indenture and entitled to the
benefit of such provision nor modify the rights of the Holders of any such Security with respect to the benefit of such provision or (B) become effective only when there is no such Security outstanding; 

(11) to evidence and provide for the acceptance of appointment by a successor or separate 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 this Indenture by more than one Trustee; or 

(12) to establish the form or terms of Securities and coupons of any Series pursuant to Article Two. 

  
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 SECTION 9.02. With Consent of Holders. The Company and the Trustee may amend this
Indenture or the Securities of any Series without notice to any Holder but with the written consent of the Holders of at least a majority in principal amount of the Securities of each Series then outstanding (including consents obtained in
connection with a tender offer or exchange offer for the Securities of such Series) affected by such amendment. However, without the consent of each Holder affected, an amendment may not: 

(1) reduce the principal amount of Securities whose Holders must consent to an amendment, modification, supplement or
waiver; 
 (2) reduce the rate of or extend the time for payment of interest on any Security; 

(3) reduce the principal of or change the Stated Maturity of any Security; 

(4) reduce the amount payable upon the redemption of any Security or add redemption provisions to any Security;

 (5) make any Security payable in money other than that stated in this Indenture or the Security; or

 (6) make any change in Section 4.07, 6.04 or 6.07 hereof or in the foregoing amendment and waiver
provisions. 
 It shall not be necessary for the consent of the Holders under this Section to approve the particular form of any
proposed amendment, but it shall be sufficient if such consent approves the substance thereof. After an amendment under this Section becomes effective, the Company shall mail to all affected Holders a notice briefly describing such amendment. The
failure to give such notice to all such Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section. 
 SECTION 9.03. Compliance with Trust Indenture Act. Every amendment or supplement to this Indenture or the Securities shall comply with the TIA as then in effect. 

SECTION 9.04. Revocation and Effect of Consents and Waivers. A consent to an amendment or a waiver by a Holder of a Security shall
bind the Holder and every subsequent Holder of that Security or portion of the Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent or waiver is not made on the Security. However, any such
Holder or subsequent Holder may revoke the consent or waiver as to such Holder’s Security or portion of the Security if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective. After an amendment
or waiver becomes effective, it shall bind every Holder. An amendment or waiver becomes effective once both (i) the requisite number of consents have been received by the Company or the Trustee and (ii) such amendment or waiver has been
executed by the Company and the Trustee. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then

  
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notwithstanding the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such
consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date.

 SECTION 9.05. Notation on or Exchange of Securities. If an amendment changes the terms of a Security, the Trustee may
require the Holder of the Security to deliver it to the Trustee. The Trustee may place an appropriate notation on the Security regarding the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the
Company in exchange for the Security shall issue and the Trustee shall authenticate a new Security that reflects the changed terms. Failure to make the appropriate notation or to issue a new Security shall not affect the validity of such amendment.

 SECTION 9.06. Trustee to Sign Amendments. The Trustee shall sign any amendment authorized pursuant to this Article
Nine if the amendment does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign it. In signing such amendment the Trustee shall be entitled to receive indemnity reasonably
satisfactory to it and to receive, and (subject to Section 7.02) shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such amendment is authorized or permitted by this Indenture.

 SECTION 9.07. Payment for Consent. Neither the Company nor any Affiliate of the Company shall, directly or indirectly,
pay or cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Securities unless such
consideration is offered to be paid to all Holders, ratably, that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent, waiver or agreement. 

ARTICLE TEN 

MISCELLANEOUS 

SECTION 10.01. Trust Indenture Act Controls. If any provision of this Indenture limits, qualifies or conflicts with another
provision which is required to be included in this Indenture by the TIA, the required provision shall control. 
 SECTION 10.02.
Notices. Any notice or communication shall be in writing and delivered in person or mailed by first-class mail addressed as follows: 
 If to the Company: 
 Eaton Vance Corp. 

The Eaton Vance Building 
 255 State Street 
 Boston, Massachusetts 02109 

Attention: Chief Legal Officer, Legal Department 

  
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 If to the Trustee: 
 Wilmington Trust Company 
 Rodney Square North 

1100 North Market Street 
 Wilmington, Delaware 19890 
 Attn: Corporate Trust Administration 

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 mailed to a Holder shall be mailed to the Holder at the Holder’s address as
it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 

Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.
If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 
 SECTION 10.03. Communication by Holders with Other Holders. Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or the
Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 
 SECTION
10.04. 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: 

(1) 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 
 (2) 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 10.05. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a
covenant or condition provided for in this Indenture, including any certificate specified in Section 8.04(2), shall include: 
 (1) a statement that the individual making such certificate or opinion has read such covenant or condition; 
 (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

  
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 (3) 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 

(4) a statement as to whether or not, in the opinion of such individual, such covenant or condition has been complied
with. 
 SECTION 10.06. 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 Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and,
except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the
action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be
sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer
authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to such officer the execution thereof. Where such execution is by a signer acting in a capacity other than such
signer’s individual capacity, such certificate or affidavit shall also constitute sufficient proof of such signer’s authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing
the same, may also be proved in any other manner which the Trustee deems sufficient. 
 (c) The ownership of bearer securities
may be proved by the production of such bearer securities or by a certificate executed by any trust company, bank, banker or other depositary, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing that at
the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the bearer securities therein described; or such facts may be proved by the certificate or affidavit of the Person holding such bearer securities, if
such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such ownership of any bearer security continues until (i) another such certificate or affidavit bearing a later date issued
in respect of the same bearer security is produced, (ii) such bearer security is produced to the Trustee by some other Person, (iii) such bearer security is surrendered in exchange for a registered security or (iv) such bearer
security is no longer outstanding. The ownership of bearer securities may also be proved in any other manner which the Trustee deems sufficient. 
 (d) The ownership of registered securities shall be proved by the register maintained by the Registrar. 

  
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 (e) Any request, demand, authorization, direction, notice, consent, waiver or other Act of
the Holder of any Security shall bind every future Holder of the same Security and the holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or
suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 
 (f) If the Company shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to a Board Resolution,
fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. If such a record date is fixed,
such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the
purposes of determining whether Holders of the requisite proportion of outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the
outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the
provisions of this Indenture not later than six months after the record date. 
 (g) 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. 

SECTION 10.07. Rules by Trustee, Paying Agent and Registrar. The Trustee may make reasonable rules for action by or a meeting of
Holders. The Registrar and the Paying Agent may make reasonable rules for their functions. 
 SECTION 10.08. Legal
Holidays. A “Legal Holiday” is a Saturday, Sunday or other day on which banking institutions in New York State are authorized or required by law to close. If a payment date is a Legal Holiday, payment shall be made on the next
succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If a record date is a Legal Holiday, the record date shall not be affected. 

SECTION 10.09. Governing Law. THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 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. 

  
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 SECTION 10.10. No Recourse Against Others. A director, officer, employee or
shareholder, as such, of any Company shall not have any liability for any obligations of the Company under the Securities or this Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a
Security, each Holder shall waive and release all such liability. This waiver and release shall be part of the consideration for the issuance of the Securities. 
 SECTION 10.11. Successors. All agreements of the Company in this Indenture and the Securities shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successors.

 SECTION 10.12. Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall
be an original, but all of them together represent the same agreement. One signed copy of the Indenture is enough to prove this Indenture. 
 SECTION 10.13. Table of Contents; Headings. The table of contents, cross-reference sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference
only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

SECTION 10.14. Severability. If any provision in this Indenture is deemed unenforceable, it shall not affect the validity or
enforceability of any other provision set forth herein, or of the Indenture as a whole. 

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

			
	EATON VANCE CORP.
		
	By:	 	 /s/ Thomas E. Faust Jr.

	Name:	 	Thomas E. Faust Jr.
	Title:	 	President
	
	WILMINGTON TRUST COMPANY, as Trustee
		
	By:	 	 /s/ Michael G. Oller Jr.

	Name:	 	Michael G. Oller Jr.
	Title:	 	Senior Financial Services Officer

  
 - 47 -EX-4.2

 Exhibit 4.2 
 THIRD SUPPLEMENTAL INDENTURE 
 THIRD SUPPLEMENTAL INDENTURE, dated as of
[        ], 2017 (this “Third Supplemental Indenture”), between EATON VANCE CORP., a Maryland corporation (the “Company”), and WILMINGTON TRUST COMPANY, as trustee (the
“Trustee”). 
 W I T N E S S E T H: 

WHEREAS, on the date hereof, the Company wishes to issue $[        ] aggregate principal amount
of [    ]% Notes due 2027 (the “Notes”) pursuant to an Indenture between the Company and the Trustee, dated as of October 2, 2007 (the “Base Indenture,” as supplemented and amended by this
Third Supplemental Indenture, the “Indenture”); 
 WHEREAS, pursuant to Section 2.02 of the Base
Indenture, the terms of the Notes may be established by this Third Supplemental Indenture; 
 WHEREAS, pursuant to
Section 9.01(12) of the Base Indenture, the Trustee and the Company are authorized to enter into a supplemental indenture, without the consent of any Holder, to establish the form or terms of the Securities of any Series; and 

WHEREAS, this Third Supplemental Indenture has been duly authorized by all necessary corporate action on the part of the Company;

 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
 The amendment set forth below shall become effective upon the execution and delivery of this Third Supplemental Indenture by the Company and the Trustee. 

ARTICLE I 

Relation to Indenture; Definitions 
 Section 1.1 Definitions. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Base Indenture. For purposes of this Third Supplemental Indenture,
except as otherwise expressly provided or unless the context otherwise requires, the following terms shall have the following meanings: 
 “Below Investment Grade Rating Event” means the Notes are downgraded below Investment Grade by both Rating Agencies on any date from the date of the public notice of an arrangement that
results in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the Notes is under
publicly announced consideration for possible downgrade by either of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have
occurred in respect of a particular Change of Control (and, thus, shall not be deemed a Below Investment 

 
Grade Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise
apply do not announce or publicly confirm that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable
Change of Control shall have occurred at the time of the Below Investment Grade Rating Event). 
 “Change of
Control” means the occurrence of any of the following: 
  

	 	(1)	the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of
all or substantially all of the Company’s properties or assets and those of its subsidiaries, taken as a whole, to any “person” or “group” (as those terms are used in Sections 13(d) and 14(d) of the Exchange
Act), other than the Company or one or more of its Controlled Subsidiaries; 

  

	 	(2)	the adoption of a plan relating to the Company’s liquidation or dissolution; or 

 

	 	(3)	the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that (i) the Permitted Holders own less
than 50% of the Company’s Voting Stock, measured by voting power rather than number of shares, and (ii) any “person” or “group” (as those terms are used in Sections 13(d) and 14(d) of the Exchange Act),
becomes the beneficial owner, directly or indirectly, of more of the Company’s Voting Stock than the Permitted Holders, measured by voting power rather than number of shares; 

provided, however, that a transaction effected to create a holding company for the Company will not be deemed to involve a Change of
Control if (1) pursuant to such transaction the Company becomes a Controlled Subsidiary of such holding company and (2) the holders of the Voting Stock of such holding company immediately following such transaction are the same as the
holders of the Company’s Voting Stock immediately prior to such transaction. 
 “Change of Control Repurchase
Event” means the occurrence of a Change of Control and a Below Investment Grade Rating Event. 
 “Company
Employees” means, at any time, individuals then devoting substantially all of their business and professional time to the activities of the Company or any of the Company’s Subsidiaries or any such individuals who, within the 270 days
prior thereto, have so devoted their professional time and the estates and legal representatives of such individuals. 

“Consolidated Net Worth” means, at a particular date, all amounts that would be included under stockholders’ equity
on a consolidated balance sheet of the Company and its Subsidiaries determined on a consolidated basis in accordance with U.S. generally accepted accounting principles as in effect as at such date. 

  
 - 2 -

 “Controlled Subsidiary” means any subsidiary of the Company (or a holding
company of the Company, as described in the proviso to the definition of “Change of Control”), 50% or more of the outstanding equity interests of which are owned by the Company (or any such holding company) and/or its direct or indirect
Subsidiaries and of which the Company (or any such holding company) possesses, directly or indirectly, the power to direct or cause the direction of the management or policies, whether through the ownership of voting equity interests, by agreement
or otherwise. 
 “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under
any successor rating categories of Moody’s) and BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) (or, in each case, if such Rating Agency ceases to rate the
Notes for reasons outside of the Company’s control, the equivalent investment grade credit rating from any Rating Agency selected by the Company as a replacement Rating Agency). 

“Moody’s” means Moody’s Investors Service Inc., or any successor to its rating agency business. 

“Permitted Holders” means (i) the Company, (ii) one or more of the Company’s Controlled Subsidiaries,
(iii) Company Employees, and (iv) a voting trust having a majority of its trustees who are Company Employees and a majority of holders of its trust certificates or holders of uncertificated interests in such voting trust who are Company
Employees. 
 “Permitted Liens” means: 

(a)    Liens existing at the time an entity becomes a Subsidiary of the Company or is merged into the Company or into
a Subsidiary of the Company; 
 (b)    statutory Liens, Liens granted to comply with regulatory
requirements, Liens for taxes or assessments or governmental charges or levies not yet due or delinquent or which can be paid without penalty or are being contested in good faith; 

(c)    Liens on any Voting Stock or profit participating equity interests of any Subsidiary of the Company that is
acquired after the date of issuance of the Notes to secure or provide for the payment of the purchase price or acquisition cost thereof; 
 (d)    Liens in favor of the Company or any Subsidiary; 

(e)    Liens in existence on the date of issuance of the Notes; 

(f)    Liens (not otherwise permitted under this definition) which secure obligations in an aggregate amount at any
one time outstanding that do not exceed 10% of the Consolidated Net Worth, measured at the time of the creation, incurrence or assumption of any such Lien and based upon the Consolidated Net Worth as at the end of the most recently completed fiscal
quarter of the Company for which financial statements are publicly available; and 
 (g)    any extension,
renewal, substitution, refinancing or replacement (or successive extensions, renewals, substitutions or replacements), in whole or in part, of any Lien referred to in the foregoing clauses (a), (c) and (e) of this definition that is secured by
the same collateral that originally secured the Lien. 

  
 - 3 -

 “Rating Agency” means: (1) each of Moody’s and S&P; and
(2) if either of Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization”
within the meaning of Section 3(a)(62) under the Exchange Act selected by the Company as a replacement agency for Moody’s or S&P, or both, as the case may be. 
 “S&P” means S&P Global Ratings, a division of S&P Global, Inc., or any successor to its rating agency business. 

“Voting Stock” as applied to stock of any Person, means shares, interests, participations or other equivalents in the
equity interest (however designated) in such person having ordinary voting power for the election of a majority of the directors (or the equivalent) of such Person, other than shares, interests, participations or other equivalents having such power
only by reason of the occurrence of a contingency. 
 Section 1.2 Construction. All references in this Third
Supplemental Indenture to Articles and Sections, unless otherwise specified, refer to the corresponding Articles and Sections of this Third Supplemental Indenture; and the term “herein,” “hereof,” “hereunder” and any
other word of similar import refers to this Third Supplemental Indenture. 
 ARTICLE II 

Terms of the Series of Securities 
 Section 2.1 Terms of the Notes. 
 (a)    There is
hereby established a new Series of Securities to be issued under the Indenture to be designated as the Company’s “[    ]% Notes due 2027.” The Notes shall be issued in registered form substantially in the form
attached as Exhibit A hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Indenture, and may have such letters, numbers or other marks of identification and
such legends or endorsements placed thereon as the Company may deem appropriate or as may be required or appropriate to comply with any laws or with any rules made pursuant thereto or with the rules of any securities exchange or automated quotation
system on which the Notes may be listed or traded, or to conform to general usage, or as may, consistently with the Indenture, be determined by the Officers executing such Notes, as evidenced by their execution thereof. The Notes shall be executed,
authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to, the terms, conditions and covenants of the Base Indenture as supplemented and amended by this Third Supplemental Indenture (including the Form
of Note attached as Exhibit A hereto, the terms of which are incorporated by reference herein and shall be deemed to be a part of this Third Supplemental Indenture). 
 (b)    The aggregate principal amount of the Notes which may be authenticated and delivered pursuant hereto is unlimited. The Trustee shall initially authenticate and deliver Notes

  
 - 4 -

 
for original issue in an aggregate principal amount of $[        ] pursuant to Section 2.04 of the Base Indenture. The aggregate principal amount of
the Notes to be issued hereunder may be increased at any time hereafter and the Series may be reopened for issuances of additional Notes without the consent of any Holder. The Notes issued on the date hereof and any such additional Notes that may be
issued hereafter shall be part of the same Series of Securities for all purposes under the Indenture. 

(c)    The Stated Maturity of the Notes shall be [    ], 2027. 

(d)    The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall
accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, and the other terms, conditions and provisions of the Notes, in each case, shall be as
set forth in the Form of Note attached as Exhibit A hereto, the terms of which are incorporated by reference herein. 

Section 2.2 Ranking. The Notes are unsecured and unsubordinated obligations of the Company and rank equal in right of payment
with all existing and future unsubordinated indebtedness of the Company. 
 Section 2.3 Limitation on Liens. Solely
with respect to the Notes, the Base Indenture is hereby amended by adding the following new Section 4.08 to the Base Indenture: 
 “SECTION 4.08. Limitation on Liens. The Company shall not, and may not cause or permit any Subsidiary to, create, assume, incur or guarantee any indebtedness for money borrowed that is
secured by a pledge, mortgage or other Lien on any Voting Stock or profit participating equity interests of the Company’s Subsidiaries or any entity that succeeds (whether by merger, consolidation, sale of assets or otherwise) to all or any
substantial part of the business of the Company’s Subsidiaries, without providing that the Notes (together with, if the Company shall so determine, any other indebtedness of, or guarantee by, the Company ranking equally with the Notes and
existing as of the closing of the offering of the Notes or thereafter created) are secured equally and ratably with, or prior to, all other indebtedness secured by such pledge, mortgage or other Lien on the Voting Stock or profit participating
equity interests of the Company’s Subsidiaries; provided, however, that the foregoing restriction will not apply to Permitted Liens.” 

  
 - 5 -

 Section 2.4 Solely with respect to the Notes, the Base Indenture is hereby amended by
deleting Section 5.01 and replacing such Section with the following: 
 “Section 5.01 Merger, Consolidation or
Sale of Assets. The Company shall not merge or consolidate with or into any other Person (other than a merger of a wholly owned Subsidiary of the Company into the Company) or sell, transfer, lease, convey or otherwise dispose of all or
substantially all of its Property in any one transaction or series of related transactions unless: 

(a)    the Company shall be the surviving Person (the “Surviving Person”) or the
Surviving Person (if other than the Company) formed by such merger or consolidation or to which such sale, transfer, lease, conveyance or disposition is made shall be a corporation or limited liability company organized and existing under the laws
of the United States of America or any state or territory thereof; 
 (b)    the Surviving
Person (if other than the Company) expressly assumes, by supplemental indenture in form satisfactory to the Trustee, executed and delivered to the Trustee by such Surviving Person, the due and punctual payment of the principal of, and premium, if
any, and interest on, the Notes and the due and punctual performance and observance of all the covenants and conditions of this Indenture to be performed by the Company; 

(c)    immediately before and immediately after giving effect to such transaction or series of related
transactions, no Default or Event of Default shall have occurred and be continuing; and 

(d)    the Company shall deliver, or cause to be delivered, to the Trustee, in form and substance
reasonably satisfactory to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each stating that such transaction and the supplemental indenture, if any, in respect thereto comply with this Section 5.01 and that all conditions
precedent herein provided for relating to such transaction have been complied with and an opinion of counsel stating that the supplemental indenture, if any, constitutes the legal, valid and binding obligation of the Surviving Person. 

For the purposes of this Section 5.01, the sale, transfer, lease, conveyance or other disposition of all the Property
of one or more Subsidiaries of the Company, which Property, if held by the Company instead of such Subsidiaries, would constitute all or substantially all the Property of the Company on a consolidated basis, shall be deemed to be the transfer of all
or substantially all the Property of the Company.” 
 Section 2.5 Change of Control. If a Change of Control
Repurchase Event occurs, unless the Company shall have exercised its right to redeem the Notes in full, the Company will make an offer to each Holder of Notes to repurchase all or any part (in minimum denominations of $2,000 and integral multiples
of $1,000 in excess thereof) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest, if any, on the Notes repurchased to, but not including,
the date of purchase. Within 30 days following any Change of Control Repurchase Event or, at the 

  
 - 6 -

 
Company’s option, prior to any Change of Control, but after the public announcement of the Change of Control, the Company will mail a notice to each Holder (with a copy to the Trustee)
describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Notes on the payment date specified in the notice, which date will be no earlier than 30 days and no later
than 60 days from the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior
to the payment date specified in the notice. The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws
and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control Repurchase Event. 
 To the extent that the provisions of any securities laws or regulations conflict with this Section 2.5, the Company will comply with the applicable securities laws and regulations and will not be
deemed to have breached its obligations under this Section 2.5 by virtue of such conflict. 
 On the Change of Control
Repurchase Event payment date, the Company will, to the extent lawful: 
  

	 	(1)	accept for payment all Securities or portions of Securities properly tendered pursuant to its offer; 

 

	 	(2)	deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Notes or portions of Securities properly tendered; and

  

	 	(3)	deliver or cause to be delivered to the Trustee the Notes properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Notes
being purchased by the Company. 

 The Paying Agent will promptly mail to each Holder of Notes properly tendered
the purchase price for the Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security equal in principal amount to any unpurchased portion of any Notes surrendered; provided
that each new Security of this Series will be in a minimum principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 
 The Company will not be required to make an offer to repurchase the Notes upon a Change of Control Repurchase Event if a third party makes an offer in the manner, at the time and otherwise in compliance
with the requirements for an offer made by the Company and such third party purchases all Securities properly tendered and not withdrawn under its offer. 

  
 - 7 -

 Section 2.6 Events of Default. 

(a) Solely with respect to the Notes, Section 6.01 the Base Indenture is hereby amended by deleting the word “or” at the
end of clause (6)(D) of such Section, substituting the period at the end of clause (7)(C) of such Section for the phrase “; or”, and adding the following new clause (8): 

“default under any Debt for money borrowed by the Company or any Subsidiary of the Company that results in the acceleration of the
maturity of such Debt, or failure to pay any such Debt at maturity, in an aggregate amount greater than $50.0 million or its foreign currency equivalent at the time and such acceleration shall have not been rescinded or annulled, or Debt paid,
within 30 days after notice to the Company by the Trustee or Holders of 25% or more of the then outstanding Notes.” 
 (b)
Solely with respect to the Notes, Section 6.02 the Base Indenture is hereby amended by adding the following new clause (8) at the end of such Section 6.02: “The Trustee shall not at any time be under any duty or responsibility to any
Holder of Notes to determine the Additional Interest, or with respect to the nature, extent or calculation of the amount of Additional Interest owed or with respect to the method employed in such calculation of the Additional Interest.”

 Section 2.7 Global Securities. The Notes shall initially be issuable, in whole or in part, in the form of one or
more Global Securities. Such Global Securities (i) shall be deposited with, or on behalf of, the Depository Trust Company, New York, New York, which shall act as Depositary with respect to the Notes, (ii) shall bear the legends applicable
to Global Securities set forth in Section 2.15(c) of the Base Indenture, (iii) may be exchanged, in whole or in part, for Notes in definitive form upon the terms and subject to the conditions provided in Section 2.15(b) of the Base
Indenture, and (iv) shall otherwise be subject to the applicable provisions of the Indenture. 
 Section 2.8 Rights
of Trustee. Solely with respect to the Notes, Section 7.02 of the Base Indenture is amended to add the following clauses (m) through (r): 
 “(m) The Trustee may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action
taken or suffered or omitted hereunder in good faith and in reliance thereon. 
 (n)    Any permissive right
of the Trustee to take or refrain from taking actions enumerated in this Indenture shall not be construed as a duty. 

(o)    The Trustee shall not be responsible or liable for any failure or delay in the performance of its obligations
under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage;
epidemics; riots; interruptions; loss or malfunction of utilities, computer (hardware or software) or communication services; accidents; labor disputes; and acts of civil or military authorities and governmental action. 

(p)    Notwithstanding anything contained herein to the contrary, neither the Trustee nor the Registrar shall be
responsible for ascertaining whether any transfer complies with the registration provisions of or exemptions from the Securities Act or, applicable state securities laws. 
 (q)    The Trustee shall not have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global
Security or maintaining, supervising or reviewing any records relating to such beneficial ownership interests, and the Trustee shall not have any responsibility or liability for any actions taken or not taken by the Depositary. 

  
 - 8 -

 (r)    Whenever this Indenture makes reference to the giving of notice
(by mail or otherwise) to the Holders of the Securities of a Series in relation to any event, such notice shall be sufficiently given when delivered to the Depositary for such Securities (or its designee) pursuant to the customary procedures of such
Depositary.” 
 ARTICLE III 
 Miscellaneous 
 Section 3.1 Effect of Third Supplemental
Indenture. Upon the execution and delivery of this Third Supplemental Indenture by the Company and the Trustee, the Base Indenture shall be supplemented in accordance herewith, and this Third Supplemental Indenture shall form a part of the
Indenture for all purposes, and every Holder of the outstanding Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. 
 Section 3.2 Base Indenture Remains in Full Force and Effect. To the extent not expressly amended or supplemented by this Third Supplemental Indenture, all provisions of the Base Indenture
shall remain in full force and effect. 
 If any provision of this Third Supplemental Indenture relating to the Notes is
inconsistent with any provision of the Base Indenture, the provision of this Third Supplemental Indenture shall control. 

Section 3.3 Base Indenture and Third Supplemental Indenture Construed Together. This Third Supplemental Indenture is an
indenture supplemental to and in implementation of the Base Indenture, and the Base Indenture and this Third Supplemental Indenture shall henceforth be read and construed together. 

Section 3.4 Conflict with Trust Indenture Act. If any provision of this Third Supplemental Indenture limits, qualifies or
conflicts with any provision of the TIA that is required under the TIA to be part of and govern any provision of this Third Supplemental Indenture, the provision of the TIA shall control. If any provision of this Third Supplemental Indenture
modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA shall be deemed to apply to the Indenture as so modified or to be excluded by this Third Supplemental Indenture, as the case may be.

  
 - 9 -

 Section 3.5 Severability. If any court of competent jurisdiction shall determine
that any provision in this Third Supplemental Indenture 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 3.6 Headings. The Article and Section headings of this Third Supplemental Indenture have been inserted for
convenience of reference only, are not to be considered a part of this Third Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 3.7 Benefits of Third Supplemental Indenture. Except as otherwise set forth in the Base Indenture, nothing in this
Third Supplemental Indenture, express or implied, shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder, any benefit of any legal or equitable right, remedy or claim under the Indenture,
this Third Supplemental Indenture or the Notes. 
 Section 3.8 Successors. All agreements of the Company in this
Third Supplemental Indenture shall bind its successors and authorized assigns. All agreements of the Trustee in this Third Supplemental Indenture shall bind its successors and authorized assigns. 

Section 3.9 Trustee Not Responsible for Recitals. The recitals contained herein shall be taken as the statements of the
Company and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation as to the validity or sufficiency of this Third Supplemental Indenture. 

Section 3.10 Certain Duties and Responsibilities of the Trustee. In entering into this Third Supplemental Indenture, the
Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided. 

Section 3.11 Governing Law. This Third Supplemental Indenture shall be governed by, and construed in accordance with, the
laws of the State of New York but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby. 

Section 3.12 Submission of Jurisdiction; Venue. The Company hereby irrevocably and unconditionally submits, for itself and
its property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States sitting in the State and City of New York, County and Borough of Manhattan, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to the Indenture or the Notes, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such state court sitting in the State and City of New York, County and Borough of Manhattan or, to the extent permitted by law, in such federal court sitting in the State and City of New York, County and
Borough of Manhattan. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. The

  
 - 10 -

 
Company hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any
suit, action or proceeding arising out of or relating to the Indenture or the Notes in any New York State or federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient
forum to the maintenance of such action or proceeding in any such court.     
 Section 3.13
Counterpart Originals. The parties may sign any number of counterparts of this Third Supplemental Indenture. Each signed counterpart shall be an original, but all of them together represent the same agreement. 

[Remainder of Page Intentionally Left Blank] 

  
 - 11 -

 IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be
duly executed as of the date first above written. 
  

			
	EATON VANCE CORP.

 
			
		
	By:	 	  

 

			
	Name:	 	
	Title:	 	
	
	WILMINGTON TRUST COMPANY, as Trustee

 
			
		
	By:	 	  

 

			
	Name:	 	
	Title:	 	

  

 Exhibit A 

Form of Note 
 THIS SECURITY IS
HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (A) THE TRUSTEE
MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (B) THIS SECURITY MAY BE EXCHANGED, IN WHOLE BUT NOT IN PART, PURSUANT TO SECTION 2.15(B) OF THE INDENTURE, (C) THIS SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR
CANCELLATION PURSUANT TO SECTION 2.13 OF THE INDENTURE AND (D) EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.15(B) OF THE INDENTURE, THIS SECURITY MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY (X) BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY, (Y) BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR (Z) BY THE DEPOSITARY OR ANY NOMINEE TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

EATON VANCE CORP. 

[    ]% Notes due 2027 
  

					
	REGISTERED	 		  	$[            ]

  

					
	R-[    ]    	 		  	CUSIP [            ]

 Eaton Vance Corp., a corporation duly organized and existing under the laws of Maryland (herein called
the “Company,” which term includes any successor Person under the Indenture described on the reverse hereof), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
$[             ] on [            ], 2027, and to pay interest thereon at the rate of
[        ]% per annum from [    ], 2017, payable on [            ] and
[            ] of each year, each of which shall be an Interest Payment Date, beginning on [            ], 2017. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more predecessor Securities) is registered at the close of business on
the regular record date for such interest, which shall be the [            ] or [            ] (whether or not a Business Day),
as the case may be, next preceding such Interest Payment Date. Interest will be calculated on the basis of a 360-day year of twelve 30-day months. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to
the Holder on such regular record date and may either be paid to the Person in whose name this Security (or one or more predecessor Securities) is registered at the close of business on a special record date for the payment of such defaulted
interest to be fixed by the Company, notice whereof shall be given to the Trustee and Holders of Securities of this Series not less than 30 days prior to such special record date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Securities of this Series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture described on the reverse
hereof. In the event of an inconsistency between this Security and the terms of the Indenture, the terms of the Indenture shall govern. 

 Payment of the principal of, premium, if any, on and any interest on this Security will be
made at the Corporate Trust Office of the Trustee, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the
Company, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear on the books of the Registrar. 
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

 Unless the certificate of authentication hereof has been executed by the Trustee referred to on the reverse hereof by manual
signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

[Remainder of Page Intentionally Blank] 

  

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 
 Dated: April [    ], 2017 

 

			
	EATON VANCE CORP.
		
	By:	 	  

		 	    Name:
		 	    Title:

  

			
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	 WILMINGTON TRUST COMPANY
 as Trustee, certifies that this is one of the Securities referred to in the within-mentioned Indenture.

			
		
	By:	 	  

			
	Authorized Signatory
	
	Dated:

  

 [REVERSE OF SECURITY] 

EATON VANCE CORP. 

[    ]% Notes due 2027 
 Securities; Indenture. 
 This Security is one of a duly authorized issue of
securities of the Company (herein called the “Securities”), issued and to be issued in one or more Series under an Indenture, dated as of October 2, 2007 (the “Base Indenture”), between the Company and
Wilmington Trust Company, as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), as amended and supplemented by the Third Supplemental Indenture, dated as of
[    ], 2017 (together with the Base Indenture, the “Indenture”) and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of
the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the Series designated on the face hereof, initially limited in aggregate
principal amount to $[         ]. The Company may, from time to time, without the consent of the holders of this Series of Securities, issue additional Securities under the Indenture having the same ranking
and the same interest rate, maturity and other terms as this Series of Securities. Any additional Securities having such similar terms, together with any outstanding Securities of this Series, will constitute a single Series of Securities under the
Indenture. 
 Optional Redemption. 
 At any time prior to the Par Call Date, the Company may redeem the Securities of this Series, in whole or in part, at the Company’s option at a redemption price equal to the greater of (i) 100%
of the principal amount of such Securities to be redeemed and (ii) the sum of the present values of the Remaining Scheduled Payments of principal and interest thereon (exclusive of interest accrued to the date of redemption), discounted to the
redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus [    ] basis points,
plus, in each case, accrued and unpaid interest thereon, if any, to, but not including, the date of redemption. 
 In addition,
on and after the Par Call Date, the Company may redeem the Securities of this Series, in whole or in part, at the Company’s option, from time to time at a redemption price equal to 100% of the principal amount of such Securities to be redeemed,
plus accrued interest and unpaid interest thereon, if any, to, but not including, the date of redemption. 
 For purposes of the
Securities of this Series: 
 “Comparable Treasury Issue” means the United States Treasury security or
securities selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Securities to be redeemed (assuming that the Securities matured on the Par Call Date) that would be
utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of such Securities. 

 “Comparable Treasury Price” means, with respect to any redemption date,
(A) the arithmetic average of the Reference Treasury Dealer Quotations for such redemption date obtained by the Company, after excluding the highest and lowest such Reference Treasury Dealer Quotations, (B) if the Company obtains fewer
than four Reference Treasury Dealer Quotations, the arithmetic average of those quotations or (C) if the Company obtains only one Reference Treasury Dealer Quotation, such Reference Treasury Dealer Quotation. 

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company. 

“Par Call Date” means [    ], 2027. 

“Reference Treasury Dealer” means each of (i) Merrill Lynch, Pierce, Fenner & Smith Incorporated and
Morgan Stanley & Co. LLC, or their respective affiliates that are primary U.S. Government securities dealers, and their respective successors and (ii) three other nationally recognized investment banking firms (or their respective
affiliates) that the Company selects in connection with the particular redemption, and their respective successors; provided, however, that if any of the foregoing or their affiliates cease to be a primary U.S. Government securities
dealer in The City of New York (a “Primary Treasury Dealer”), the Company shall substitute therefor another Primary Treasury Dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as calculated by the Independent Investment Banker, of
the bid and asked prices for the Comparable Treasury Issue (expressed, in each case, as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 3:30 p.m. New York time on the third Business
Day preceding such redemption date. 
 “Remaining Scheduled Payments” means, with respect to each Security of
this Series to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related redemption date for such redemption (assuming that the Securities matured on the Par Call Date); provided,
however, that, if such redemption date is not an Interest Payment Date with respect to such Securities, the amount of the next succeeding scheduled Interest Payment Date thereon for the purpose of this definition will be reduced by the amount of
interest accrued thereon, if any, to, but not including, such redemption date. 
 “Treasury Rate” means, with
respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity or interpolated (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. 
 Notice of any redemption
will be mailed, at least 30 days but not more than 60 days before the redemption date, to each Holder of Securities of this Series. If less than all of the Securities of this Series are to be redeemed, the Securities to be redeemed shall be selected
pro rata or by lot or such other method deemed fair and appropriate by the Trustee and in all cases subject to the applicable procedures of the Depositary. 

  

 Unless the Company defaults in payment of the redemption price, on and after the redemption
date, interest will cease to accrue on the Securities of this Series or portions thereof called for redemption. 
 In the event
of redemption of this Security in part only, a new Security or Securities of this Series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

Events of Default. 

Subject to the provisions of Section 6.01 of the Base Indenture, if an Event of Default with respect to Securities of this Series
shall occur and be continuing, the principal of the Securities of this Series may be declared due and payable in the manner and with the effect provided in the Indenture. 
 Amendments and Waivers. 
 The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each Series to be affected under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of a majority in principal amount of the outstanding Securities at the time of each Series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of
the outstanding Securities of each Series at the time, on behalf of the Holders of all Securities of such Series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their
consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 Holder Action. 

As provided in, and subject to, the provisions of the Indenture, the Holder of this Security shall not have the right to institute any
proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this Series, the Holders of at least 25% in aggregate principal amount of the outstanding Securities of this Series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as
Trustee and offered the Trustee indemnity satisfactory to it, and the Trustee shall not have received from the Holders majority in aggregate principal amount of the outstanding Securities of this Series a direction inconsistent with such request,
and the Trustee shall have failed to institute any such proceeding within 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement
of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

  

 Obligations Absolute. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of
and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

Defeasance. 
 The
Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of the Company on this Security and (b) certain restrictive covenants and the related defaults and Events of Default, upon compliance by the Company
with certain conditions set forth therein, which provisions apply to Securities of this Series. 
 Transfer and Exchange. 

The Securities of this Series are issuable only in registered form without coupons in denominations of $2,000 and integral multiples
$1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this Series are exchangeable for a like aggregate principal amount of Securities of this Series with like tenor and terms, as
requested by the Holder surrendering the same. Notwithstanding the foregoing, the Securities shall be exchangeable pursuant to Section 2.08, subject to Section 2.15, of the Base Indenture for Securities of this Series registered in the
names of Holders other than the Depositary for such Security or its nominee only if (i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if, at any time, such Depositary
ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint a successor Depositary within 90 days of such event, (ii) the Company executes and delivers to the Trustee an Officers’
Certificate to the effect that such Global Security shall be so exchangeable or (iii) an Event of Default with respect to the Securities represented by such Global Security shall have occurred and be continuing. 

No service charge shall be made for any such registration of transfer or exchange, but the Company or the Trustee may require payment of
a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Defined Terms. 

All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Indenture. 

Governing Law. 
 This
Security shall be governed by, and construed in accordance with, the law of the State of New York but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be
required thereby. 

  

 [FORM OF ASSIGNMENT AND TRANSFER] 
 For value received                          hereby sell(s), assign(s) and
transfer(s) unto                          (Please insert social security or Taxpayer Identification Number of assignee) the
within Note, and hereby irrevocably constitutes and appoints                          attorney to transfer the said Note on the
books of the Company, with full power of substitution in the premises. 
  

					
	Dated:	 	  
	 	

  

					
	  
	 	
		
	  
	 	
	Signature(s)	 		 	
		
	  
	 	
	Signature Guarantee	 	
		
	Signature(s) must be guaranteed by aneligible Guarantor Institution (banks, stockbrokers, savings and loan associations andcredit unions) with membership in an
approvedsignature guarantee medallion program pursuantto Securities and Exchange CommissionRule 17Ad-15 if Notes are to be delivered, otherthan to and in the name of the registered holder.	 	

 NOTICE: The signature on the assignment must correspond with the name as written upon the face of the
Note in every particular without alteration or enlargement or any change.

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