Document:

EX-4.a

 Exhibit 4-a 
 AT&T INC. 
 as Issuer and Registrant of Securities 

AND 
 THE BANK OF
NEW YORK MELLON TRUST COMPANY, N.A. 
 Trustee 

 
  

INDENTURE 
 Dated
as of                     , 20     
  

 
 Providing for
Issuance of Securities in Series 

 Certain Sections of this Indenture relating to Sections 310 through 318, inclusive, of the Trust Indenture
Act of 1939. This reconciliation section does not constitute part of the Indenture. 
  

			
	 Trust Indenture Act of 1939 Section
	  	Indenture
Section
	310(a)(1)	  	7.10
	      (a)(2)	  	7.10
	      (a)(3)	  	Inapplicable
	      (a)(4)	  	Inapplicable
	      (b)	  	7.08; 7.10
	      (c)	  	Inapplicable
	311(a)	  	7.11
	      (b)	  	7.11
	      (c)	  	Inapplicable
	312(a)	  	2.07
	      (b)	  	10.03
	      (c)	  	10.03
	313(a)	  	7.06
	      (b)(1)	  	Inapplicable
	      (b)(2)	  	7.06; 10.02
	      (c)	  	10.02
	      (d)	  	7.06
	314(a)	  	4.02; 10.02
	      (b)	  	Inapplicable
	      (c)(1)	  	10.04
	      (c)(2)	  	10.04
	      (c)(3)	  	Inapplicable
	      (d)	  	Inapplicable
	      (e)	  	10.05
	      (f)	  	Inapplicable
	315(a)	  	7.01(b)
	      (b)	  	7.05; 10.02
	      (c)	  	7.01(a)
	      (d)	  	7.01(c)
	      (e)	  	6.11
	316(a)(last sentence)	  	2.11
	      (a)(1)(A)	  	6.05
	      (a)(1)(B)	  	6.04
	      (a)(2)	  	Inapplicable
	      (b)	  	6.07
	317(a)(1)	  	6.08
	      (a)(2)	  	6.09
	      (b)	  	2.06
	318(a)	  	10.01

 TABLE OF CONTENTS* 

 

							
		 		  	 	PAGE	  
	
	ARTICLE 1	  
	
	DEFINITIONS AND INCORPORATION BY REFERENCE	  
			
	1.01	 	 Definitions
	  	 	1	  
	1.02	 	 Other Definitions
	  	 	4	  
	1.03	 	 Incorporation by Reference of Trust Indenture Act
	  	 	4	  
	1.04	 	 Rules of Construction
	  	 	4	  
	
	 ARTICLE 2
	   

	
	 THE SECURITIES
	   

			
	2.01	 	 Issuable in Series
	  	 	5	  
	2.02	 	 Establishment of Terms and Form of Series of Securities
	  	 	5	  
	2.03	 	 Execution, Authentication and Delivery
	  	 	7	  
	2.04	 	 Registrar and Paying Agent
	  	 	9	  
	2.05	 	 Payment on Securities
	  	 	10	  
	2.06	 	 Paying Agent to Hold Money in Trust
	  	 	10	  
	2.07	 	 Securityholder Lists; Ownership of Securities
	  	 	11	  
	2.08	 	 Registration of Transfer and Exchange
	  	 	11	  
	2.09	 	 Replacement Securities
	  	 	14	  
	2.10	 	 Outstanding Securities
	  	 	14	  
	2.11	 	 Treasury Securities
	  	 	15	  
	2.12	 	 Temporary Securities
	  	 	15	  
	2.13	 	 Cancellation
	  	 	16	  
	2.14	 	 Defaulted Interest
	  	 	16	  
	2.15	 	 CUSIP Numbers
	  	 	16	  
	
	 ARTICLE 3
	   

	
	 REDEMPTION
	   

			
	3.01	 	 Notice to Trustee
	  	 	17	  
	3.02	 	 Selection of Securities to be Redeemed
	  	 	17	  
	3.03	 	 Notice of Redemption
	  	 	17	  
	3.04	 	 Effect of Notice of Redemption
	  	 	18	  
	3.05	 	 Deposit of Redemption Price
	  	 	18	  
	3.06	 	 Securities Redeemed in Part
	  	 	18	  
	
	 ARTICLE 4
	   

	
	 COVENANTS
	   

			
	4.01	 	 Payment of Securities
	  	 	19	  
	4.02	 	 Reports by AT&T
	  	 	19	  
	4.03	 	 Statement as to Compliance
	  	 	19	  
	4.04	 	 Calculation of Original Issue Discount
	  	 	20	  
	
	 ARTICLE 5
	   

	
	 SUCCESSORS
	   

			
	5.01	 	 When AT&T May Merge, etc.
	  	 	20	  
	
	 ARTICLE 6
	   

	
	 DEFAULTS AND REMEDIES
	   

			
	6.01	 	 Events of Default
	  	 	20	  
	6.02	 	 Acceleration
	  	 	22	  
	6.03	 	 Other Remedies Available to Trustee
	  	 	22	  
	6.04	 	 Waiver of Existing Defaults
	  	 	23	  
	6.05	 	 Control by Majority
	  	 	23	  
	6.06	 	 Limitation on Suits by Securityholders
	  	 	24	  
	6.07	 	 Rights of Holders to Receive Payment
	  	 	24	  
	6.08	 	 Collection Suits by Trustee
	  	 	24	  
	6.09	 	 Trustee May File Proofs of Claim
	  	 	25	  
	6.10	 	 Priorities
	  	 	25	  
	6.11	 	 Undertaking for Costs
	  	 	25	  
	
	 ARTICLE 7
	   

	
	 TRUSTEE
	   

			
	7.01	 	 Duties of Trustee
	  	 	25	  
	7.02	 	 Rights of Trustee
	  	 	26	  
	7.03	 	 Individual Rights of Trustee
	  	 	27	  
	7.04	 	 Trustee’s Disclaimer
	  	 	27	  
	7.05	 	 Notice of Defaults
	  	 	28	  
	7.06	 	 Reports by Trustee to Holders
	  	 	28	  
	7.07	 	 Compensation and Indemnity
	  	 	28	  
	7.08	 	 Replacement of Trustee
	  	 	29	  
	7.09	 	 Successor Trustee, Agents by Merger, etc.
	  	 	30	  
	7.10	 	 Eligibility; Disqualification
	  	 	31	  
	7.11	 	 Preferential Collection of Claims Against AT&T
	  	 	31	  
	
	 ARTICLE 8
	   

	
	 DISCHARGE OF INDENTURE
	   

			
	8.01	 	 Termination of AT&T’s Obligations
	  	 	31	  
	8.02	 	 Application of Trust Money
	  	 	32	  
	8.03	 	 Repayment to AT&T
	  	 	32	  
	8.04	 	 Indemnity for Government Obligations
	  	 	32	  
	
	 ARTICLE 9
	   

	
	 AMENDMENTS AND WAIVERS
	   

			
	9.01	 	 Without Consent of Holders
	  	 	33	  
	9.02	 	 With Consent of Holders
	  	 	34	  
	9.03	 	 Compliance with Trust Indenture Act
	  	 	35	  
	9.04	 	 Revocation and Effect of Consents
	  	 	35	  
	9.05	 	 Notation on or Exchange of Securities
	  	 	35	  
	9.06	 	 Trustee Protected
	  	 	35	  
	9.07	 	 Execution of Supplemental Indentures
	  	 	35	  
	
	 ARTICLE 10
	   

	
	 MISCELLANEOUS
	   

			
	10.01	 	 Trust Indenture Act Controls
	  	 	36	  
	10.02	 	 Notices
	  	 	36	  
	10.03	 	 Communication by Holders with Other Holders
	  	 	37	  
	10.04	 	 Certificate and Opinion as to Conditions Precedent
	  	 	37	  
	10.05	 	 Statements Required in Certificate or Opinion
	  	 	37	  
	10.06	 	 Rules by Trustee and Agents
	  	 	38	  
	10.07	 	 Legal Holidays
	  	 	38	  
	10.08	 	 Governing Law
	  	 	38	  
	10.09	 	 No Adverse Interpretation of Other Agreements
	  	 	38	  
	10.10	 	 No Recourse Against Others
	  	 	38	  
	10.11	 	 Acts of Holders
	  	 	39	  
	10.12	 	 Execution in Counterparts
	  	 	40	  
		
	SIGNATURES	  	 	40	  

  

	*	This Table of Contents Does Not Constitute Part of the Indenture. 

 INDENTURE dated as of
                    , 20     between AT&T INC., a Delaware corporation (“AT&T” or the “Company”), and
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association (“Trustee”). 
 RECITALS OF AT&T

 AT&T has duly authorized the execution and delivery of this Indenture for the issuance from time to time of its unsecured
debentures, notes or other evidences of indebtedness (“Securities”) as herein provided. 
 All things necessary to
make this Indenture a valid agreement of AT&T, in accordance with its terms, have been done. 
 For and in consideration of
the premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit of the Holders of the Securities: 

ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 
 SECTION 1.01    Definitions. 
 “Act” when used with
respect to any Holder, has the meaning specified in Section 10.11. 
 “Affiliate” means any person directly or
indirectly controlling or controlled by, or under direct or indirect common control with, AT&T. 
 “Agent” means
any Paying Agent, Registrar, or co-Registrar. 
 “AT&T” or the “Company” mean the party named as such in
this Indenture until a successor replaces it pursuant to the applicable provisions hereof and thereafter means the sucessor. 

“Authorized Newspaper” means a newspaper of general circulation, in an official language of the country of publication or in
the English language, customarily published on days other than Legal Holidays, as defined in Section 10.07, in such country. Whenever successive weekly publications in an Authorized Newspaper are required hereunder, they may be made (unless
otherwise expressly provided herein) on the same or different days of the week and in the same or different Authorized Newspapers. 
 “Board of Directors” means the Board of Directors of AT&T, or any duly authorized committee thereof. 

  
 1 

 “Board Resolution” means a copy of a resolution of the Board of Directors,
certified by the Secretary or an Assistant Secretary of AT&T to have been duly adopted by the Board of Directors and to be in full force and effect. 
 “Default” means any event which is, or after notice or passage of time would be, an Event of Default. 
 “Depository” means, with respect to the Securities of any Series issuable or issued in whole or in part in the form of one or more Global Securities, the person designated as Depository by
AT&T pursuant to Section 2.02. 
 “Global Security” means a Security in the form prescribed in
Section 2.02 evidencing all or part of a Series of Securities, issued to the Depository for such series or its nominee, and registered in the name of such Depository or nominee. 

“Holder” or “Securityholder” means the bearer of an Unregistered Security or of a coupon appertaining thereto or the
person in whose name a Registered Security is registered on the Registrar’s books. 
 “Indenture” means this
Indenture as amended or supplemented from time to time including, for all purposes of this instrument and any such amendment or supplement, the provisions of the TIA that are deemed to be a part of and govern this instrument and any such amendment
or supplement, respectively. The term “Indenture” shall also include the forms and terms of a particular Series of Securities established as contemplated hereunder. 
 “Notice of Default” has the meaning specified in Section 6.01. 

“Officer” means the Chairman of the Board of Directors, any Vice Chairman of the Board of Directors, the President, any
Vice-President, the Treasurer or the Secretary of AT&T. 
 “Officers’ Certificate” means a certificate signed
by two Officers or by any Officer and an Assistant Treasurer or an Assistant Secretary of AT&T. 
 “Opinion of
Counsel” means a written opinion of legal counsel who is acceptable to AT&T and the Trustee. Counsel may be an employee of or counsel to AT&T. 
 “Order” means an order in the name of AT&T signed by two Officers or by any Officer and an Assistant Treasurer or an Assistant Secretary of AT&T. 

“Original Issue Discount Security” means any Security which 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. 

“Principal” of a debt security means the principal of the security plus, when appropriate, the premium, if any, on the
security. 

  
 2 

 “Registered Security” means any Security issued hereunder and registered by the
Registrar. 
 “Responsible Officer”, when used with respect to the Trustee, shall mean the chairman or any
vice-chairman of the board of directors or trustees, the chairman or any vice-chairman of the executive committee of the board of directors or trustees, the president, any vice-president, the treasurer, the secretary, any trust officer, any second
or assistant vice-president or any other officer or assistant officer of the Trustee customarily performing functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust
matter is referred because of his knowledge of and familiarity with a particular subject. 
 “SEC” means the
Securities and Exchange Commission. 
 “Series” or “Series of Securities” means a series of Securities.

 “Securities” means the debentures, notes or other obligations of AT&T issued, authenticated and delivered under
this Indenture. 
 “Subsidiary” means a corporation more than 50% of the outstanding voting stock of which is owned,
directly or indirectly, by AT&T or by one or more other of its Subsidiaries, or by AT&T and one or more other of its Subsidiaries. For the purposes of this definition, “voting stock” means stock which ordinarily has voting power
for the election of directors, whether at all times or only so long as no senior class of stock has such voting power by reason of any contingency. 
 “TIA” means the Trust Indenture Act of 1939 as in effect on the date of this Indenture provided, however, that in the event the Trust Indenture Act of 1939 is amended after such
date, “TIA” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended. 

“Trustee” means the party named as such in this Indenture until a successor replaces it pursuant to the applicable provisions
hereof and thereafter means the successor and if, at any time, there is more than one Trustee, “Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to that Series. 

“U.S. person” means a citizen or resident of the United States, a corporation, partnership or other entity created or organized
in or under the laws of the United States or a political subdivision thereof, or an estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

“United States” means the United States of America (including the States and the District of Columbia), its territories, its
possessions and all other areas subject to its jurisdiction. 
 “Unregistered Security” means any Security issued
hereunder which is not a Registered Security. 

  
 3 

 “Yield to Maturity” means the yield to maturity, calculated by AT&T at the
time of issuance of a Series of Securities or, if applicable, at the most recent determination of interest on such Series in accordance with accepted financial practice. 
 SECTION 1.02    Other Definitions. 
  

					
	 Term
	  	Section	 
	 “Bankruptcy Law”
	  	 	6.01	  
	 “Custodian”
	  	 	6.01	  
	 “Event of Default”
	  	 	6.01	  
	 “Legal Holiday”
	  	 	10.07	  
	 “Paying Agent”
	  	 	2.04	  
	 “Registrar”
	  	 	2.04	  
	 “U.S. Government Obligations”
	  	 	8.01	  

 SECTION 1.03    Incorporation by Reference of Trust Indenture Act. 

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

 “indenture securities” means the Securities. 

“indenture to be qualified” means this Indenture. 
 “indenture trustee” or “institutional trustee” means the Trustee. 
 “obligor” on the indenture securities means AT&T. 
 All other terms
used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA have the meanings assigned to them therein. 
 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 accounting principles
generally accepted in the United States. 
 (3) “or” is not exclusive; and 

  
 4 

 (4) words in the singular include the plural, and words in the plural
include the singular. 
 ARTICLE 2 
 THE SECURITIES 
 SECTION 2.01    Issuable in Series. 

The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. The Securities
may be issued in one or more Series. There may be Registered Securities and Unregistered Securities within a Series and the Unregistered Securities may be subject to such restrictions, and contain such legends, as may be required by United States
laws and regulations. Except as provided in the foregoing sentence or as otherwise provided by or pursuant to the Board Resolution referred to in Section 2.02, all Securities of a Series shall be identical in all respects. Securities of
different Series may differ in any respect; provided that all Series of Securities shall be equally and ratably entitled to the benefits of this Indenture. 
 SECTION 2.02    Establishment of Terms and Form of Series of Securities. 
 (a) At or prior to the issuance of any Series of Securities, the following shall be established either by or pursuant to a Board Resolution, and set forth in an Officers’ Certificate, or by an
indenture supplemental hereto: 
 (1) the title of the Securities of the Series (which title shall distinguish
the Securities of the Series from the Securities of all other Series and from all other securities issued by AT&T); 
 (2) any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon
registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.08, 2.09, 2.12, 3.06 or 9.05); 
 (3) the date or dates on which the principal of the Securities of the Series is payable; 
 (4) the rate or rates at which the Securities of the Series shall bear interest, if any, or the method of calculating such rate or rates of interest, the date or dates from which such interest shall
accrue, the dates on which such interest shall be payable and, with respect to Registered Securities, the record date for the interest payable on any interest payment date; 

(5) the place or places where the principal of and interest on Registered and Unregistered Securities of the Series shall
be payable; 

  
 5 

 (6) the period or periods within which, the price or prices at which, and
the terms and conditions upon which, Securities of the Series may be redeemed, in whole or in part, at the option of AT&T; 
 (7) the obligation, if any, of AT&T to redeem or purchase Securities of the Series pursuant to any sinking fund or analogous provisions or upon the happening of a specified event or at the option of a
Holder thereof and the period or periods within which, the price or prices at which, and the terms and conditions upon which, Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 

(8) if in other than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of
the Series shall be issuable; 
 (9) if other than the principal amount thereof, the portion of the principal
amount of Securities of the Series which shall be payable upon declaration or acceleration of the maturity thereof pursuant to Section 6.02; 
 (10) whether Securities of the Series shall be issuable as Registered Securities or Unregistered Securities (with or without interest coupons), or both, and any restrictions applicable to the offering,
sale or delivery of Unregistered Securities and whether, and the terms upon which, Unregistered Securities of a Series may be exchanged for Registered Securities of the same Series and vice versa; 

(11) whether and under what circumstances AT&T will pay additional amounts on the Securities of that Series held by a
person who is not a U.S. person in respect of taxes or similar charges withheld or deducted and, if so, whether AT&T will have the option to redeem such Securities rather than pay such additional amounts; 

(12) the currency or currencies, including composite currencies, in which payment of the principal of and interest on the
Securities of the Series shall be payable (if other than the currency of the United States); 
 (13) if the
amount or payments of principal of or interest on the Securities of the Series may be determined with reference to an index, the manner in which such amounts shall be determined; 

(14) the obligation, if any, of AT&T to permit the conversion or exchange of the Securities of the Series into other
securities (whether or not issued by, or the obligation of, AT&T), and the terms and conditions upon which such conversion or exchange shall be effected (including, without limitation, the initial conversion or exchange price or rate, the
conversion or exchange period and any other provisions in addition to or in lieu of those set forth in this Indenture relative to such obligation; 
 (15) whether the Securities of the Series shall be issuable in whole or in part in the form of one or more Global Securities and, in such case, the Depository for such Global Security or Securities, which
Depository shall be a clearing agency registered under the Securities Exchange Act of 1934, as amended; 

  
 6 

 (16) any other terms of the Series (which terms shall not be inconsistent
with the provisions of this Indenture except as permitted by 9.01(2)), including any terms which may be required by or advisable under United States laws or regulations or advisable in connection with the marketing of Securities of that Series;

 (17) the form of the Securities (or forms thereof if Unregistered and Registered Securities shall be issuable
in such Series, including such legends as may be required by United States laws or regulations, the form of any coupons or temporary global Security which may be issued and the forms of any certificates which may be required hereunder or under
United States laws or regulations in connection with the offering, sale, delivery or exchange of Unregistered Securities); and 
 (18) the CUSIP number, if any. 
 (b) If the terms and form or forms of any Series
of Securities are established by or pursuant to a Board Resolution, AT&T shall deliver a copy of such Board Resolution to the Trustee at or prior to the issuance of such Series with (1) the form or forms of Security which have been approved
attached thereto, or (2) if such Board Resolution authorized Officers to approve the terms and form or forms of the Securities, an Officers’ Certificate approving the terms and form or forms of Security with such form or forms of
Securities attached thereto. 
 SECTION 2.03    Execution, Authentication and Delivery. 

(a) Securities shall be executed on behalf of AT&T by its Chairman of the Board of Directors or a Vice-Chairman of the Board of
Directors or its President or a Vice-President, and its Treasurer or an Assistant Treasurer or its Secretary or an Assistant Secretary. Signatures shall be manual or facsimile. AT&T’s seal shall be reproduced on the Securities and may, but
need not, be attested. The coupons of Unregistered Securities shall bear the facsimile signature of the Treasurer or an Assistant Treasurer of AT&T. 
 (b) If an Officer, an Assistant Treasurer or an Assistant Secretary of AT&T whose signature is on a Security or coupon no longer holds that office at the time the Security is authenticated, the
Security or coupon shall be valid nevertheless. 
 (c) A Security shall not be valid until authenticated by the manual signature
of the Trustee or an authenticating agent and no coupon shall be valid until the Security to which it appertains has been so authenticated. Such signature shall be conclusive evidence that the Security has been authenticated under this Indenture.
Each Registered Security shall be dated the date of its authentication, and each Unregistered Security shall be dated as provided in connection with the establishment of the Series thereof. 

(d) The Trustee shall at any time, and from time to time, authenticate and deliver Securities of any Series executed and delivered by
AT&T for original issue in an aggregate 

  
 7 

 
principal amount not in excess of the principal amount authorized for such Series, upon receipt by the Trustee of (i) an Order for the authentication and delivery of such Securities,
(ii) if the terms and form or forms of the Securities of such Series have been established by or pursuant to a Board Resolution as permitted by Section 2.02, a copy of such Board Resolution and any Officers’ Certificate that may be
required pursuant to Section 2.02(b), and (iii) an Opinion of Counsel stating, 
 (1) if the form of
such Securities has been established by or pursuant to a Board Resolution as permitted by Section 2.02, that such form has been established in conformity with the provisions of this Indenture; 

(2) if the terms of such Securities have been established by or pursuant to a Board Resolution as permitted by
Section 2.02, that such terms have been established in conformity with the provisions of this Indenture; and 
 (3) that such Securities, when authenticated and delivered by the Trustee and issued by AT&T in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and
legally binding obligations of AT&T entitled to the benefits of the Indenture. 
 Notwithstanding the provisions of
Section 2.02 and of the preceding paragraph, if all Securities of a Series are not to be originally issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 2.02(b) or
the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the time of authentication of each Security of such Series if such documents are delivered at or prior to the time of authentication upon
original issuance of the first Security of such series to be issued. 
 If the terms and form or forms of such Securities have
been established by or pursuant to a Board Resolution as permitted by Section 2.02, the Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will adversely affect the
Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 Notwithstanding the foregoing, until AT&T has delivered an Officers’ Certificate to the Trustee and the Registrar stating that, as a result of the action described, AT&T would not suffer
adverse consequences under the provisions of United States law or regulations in effect at the time of the delivery of Unregistered Securities, (i) delivery of Unregistered Securities by the Trustee or Registrar will be made only outside the
United States and (ii) Unregistered Securities will be released by the Trustee or Registrar in definitive form to the person entitled to physical delivery thereof only upon presentation of a certificate in the form prescribed by AT&T.

 (e) If AT&T shall establish pursuant to Section 2.02 that the Securities of a Series are to be issued in whole or in
part in the form of one or more Global Securities, then AT&T shall execute and the Trustee shall, in accordance with this Section and AT&T’s Order with respect to such Series, authenticate and deliver one or more Global Securities that
(i) shall represent and shall be denominated in an amount equal to the aggregate principal amount of outstanding 

  
 8 

 
Securities of such series to be represented by one or more Global Securities; (ii) shall be registered in the name of the Depository for such Global Security or Securities or the nominee of
such Depository, (iii) shall be delivered by the Trustee to such Depository or pursuant to such Depository’s instruction and (iv) shall bear a legend substantially to the following effect: “This Security is a Global Security
within the meaning of the Indenture hereinafter referred to and is registered in the name of a Depository or a nominee of a Depository. Unless and until it is exchanged in whole or in part for Securities in definitive form in accordance with the
provisions of the Indenture and the terms of the Securities, this Security may not be transferred except as a whole by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the
Depository or by the Depository or any such nominee to a successor Depository or a nominee of such successor Depository.” 

Each depository designated pursuant to Section 2.02 for a Global Security must, at the time of its designation and at all times
while it serves as Depository, be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and any other applicable statute or regulation. 
 (f) The Trustee may appoint an authenticating agent 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 AT&T or an Affiliate thereof. 
 SECTION 2.04    Registrar and Paying Agent. 
 AT&T shall
maintain in the Borough of Manhattan, The City of New York, State of New York, an office or agency where Registered Securities may be presented for registration of transfer or for exchange (“Registrar”) and an office or agency where
(subject to Sections 2.05(c) and 2.08(b)) Securities may be presented for payment or for exchange (“Paying Agent”). With respect to any Series of Securities issued in whole or in part as Unregistered Securities, AT&T shall maintain one
or more Paying Agents located outside the United States and shall maintain such Paying Agents for a period of two years after the principal of such Unregistered Securities has become due and payable. During any period thereafter for which it is
necessary in order to conform to United States tax law or regulations, AT&T will maintain a Paying Agent outside the United States to which the Unregistered Securities or coupons appertaining thereto may be presented for payment and will provide
the necessary funds therefor to such Paying Agent upon reasonable notice. The Registrar shall keep a register with respect to each Series of Securities issued in whole or in part as Registered Securities and to their transfer and exchange. AT&T
may appoint one or more co-Registrars acceptable to the Trustee and one or more additional Paying Agents for each Series of Securities and AT&T may terminate the appointment of any co-Registrar or Paying Agent at any time upon written notice.
The term “Registrar” includes any co-Registrar. The term “Paying Agent” includes any additional Paying Agent. AT&T shall notify the Trustee of the name and address of any Agent not a party to this Indenture. If AT&T fails
to maintain a Registrar or Paying Agent, the Trustee shall act as such. 
 AT&T initially appoints the Trustee as Registrar
and Paying Agent. 

  
 9 

 SECTION 2.05    Payment on Securities. 

(a) Subject to the following provisions, AT&T will pay to the Trustee the amounts, in such coin or currency as is at the time legal
tender for the payment of public or private debt, in the manner, at the times and for the purposes set forth herein and in the text of the Securities for each Series, and AT&T hereby authorizes and directs the Trustee from funds so paid to it to
make or cause to be made payment of the principal of and interest, if any, on the Securities and coupons of each Series as set forth herein and in the text of such Securities and coupons. The Trustee will arrange directly with any Paying Agents for
the payment, or the Trustee will make payment, from funds furnished by AT&T, of the principal and interest, if any, on the Securities and coupons of each Series by check drawn upon a bank in The City of New York. 

(b) Interest, if any, on Registered Securities of a Series shall be paid on each interest payment date for such Series to the Holder
thereof at the close of business on the relevant record dates specified in the Securities of such Series. AT&T may pay such interest by check mailed to such Holder’s address as it appears on the register for Securities of such Series.
Principal of Registered Securities shall be payable only against presentation and surrender thereof at the office of the Paying Agent in New York, New York, (The Bank of New York Mellon Trust Company, N.A., c/o The Bank of New York Mellon, 101
Barclay Street, 4 W, New York, New York 10286. Attention: Corporate Trust Administration) unless AT&T shall have otherwise instructed the Trustee in writing. 
 (c) To the extent provided in the Securities of a Series, (i) interest, if any, on Unregistered Securities shall be paid only against presentation and surrender of the coupons for such interest
installments as are evidenced thereby as they mature and (ii) original issue discount (as defined in Section 1273 of the Internal Revenue Code of 1986, as amended), if any, on Unregistered Securities shall be paid only against presentation
and surrender of such Securities, in either case at the office of a Paying Agent located outside of the United States, unless AT&T shall have otherwise instructed the Trustee in writing. Principal of Unregistered Securities shall be paid only
against presentation and surrender thereof as provided in the Securities of a Series. If at the time a payment of principal of or interest, if any, or original issue discount, if any, on an Unregistered Security or coupon shall become due the
payment of the full amount so payable at the office or offices of all the Paying Agents outside the United States is illegal or effectively precluded because of the imposition of exchange controls or other similar restrictions on the payment of such
amount in the United States currency, then AT&T may instruct the Trustee to make such payments at the office of a Paying Agent located in the United States, provided that provision for such payment in the United States would not cause such
Unregistered Security to be treated as a “registration-required obligation” under United States law and regulations. 
 SECTION
2.06    Paying Agent to Hold Money in Trust. 
 AT&T will require each Paying Agent for any Series of
Securities other than the Trustee to agree in writing that it will hold all sums held by it for the payment of principal of and interest on Securities of that Series in trust for the benefit of the persons entitled thereto until such sums are paid
to such persons or otherwise disposed of as herein provided, and that the Paying Agent will notify promptly the Trustee of any default by AT&T 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. If AT&T acts as Paying Agent, it shall segregate the money held by it for the payment of principal of and interest on any Series of Securities and hold such money as a

  
 10 

 
separate trust fund. AT&T at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon so doing the Paying Agent shall have no further liability for the money so
paid. 
 SECTION 2.07    Securityholder Lists; Ownership of Securities. 

(a) The Trustee shall preserve in as current a form as is reasonably practicable the most recent list received by or furnished to it of
the names and addresses of Holders of Securities. If the Trustee is not the Registrar or if Unregistered Securities are outstanding under the Indenture, AT&T shall furnish to the Trustee semiannually on or before the last day of June and
December in each year, 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, containing all the information in the possession or control of the Registrar, any
co-Registrar, AT&T or any of its Paying Agents other than the Trustee as to the names and addresses of Holders of Securities. 
 (b) Ownership of Registered Securities of a Series shall be proved by the register for such Series kept by the Registrar. Ownership of Unregistered Securities may be proved by the production of such
Unregistered Securities or by a certificate or affidavit executed by the person holding such Unregistered Securities or by a depository with whom such Unregistered Securities were deposited, if the certificate or affidavit is satisfactory to the
Trustee. AT&T, the Trustee, and any agent of AT&T may treat the bearer of any Unregistered Security or coupon and the person in whose name a Registered Security is registered as the absolute owner thereof for all purposes. 

(c) Notwithstanding the foregoing, with respect to any Global Security, nothing herein shall prevent AT&T, the Trustee or any agent
of AT&T or the Trustee from giving effect to any written certification, proxy or other authorization furnished by a Depository or impair, as between a Depository and holders of beneficial interests in any Global Security, the operation of
customary practices governing the exercise of the rights of the Depository as Holder of such Global Security. None of AT&T, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the
records relating to or payments made on 
 account of beneficial ownership interests of a Global Security or for maintaining, supervising or
reviewing any records relating to such beneficial ownership interests. 
 SECTION 2.08    Registration of Transfer and
Exchange. 
 (a) When Registered Securities of a Series are presented to the Registrar with a request to register their transfer
or to exchange them for an equal principal amount of Registered Securities of the same Series and of like tenor of other authorized denominations, the Registrar shall register the transfer or make the exchange if its customary requirements for such
transactions are met. 
 (b) If both Registered and Unregistered Securities are authorized for a Series of Securities and the
terms of such Securities permit, Unregistered Securities may be exchanged for an equal principal amount of Registered or Unregistered Securities of the same Series and of like tenor in any authorized denominations upon delivery to the Registrar (or
a Paying Agent, if the exchange is for Unregistered Securities) of the Unregistered Security with all unmatured coupons and all matured coupons in default appertaining thereto and if all other requirements of the Registrar (or such Paying Agent) and
such Securities for such exchange are met. 

  
 11 

 Notwithstanding the foregoing, the exchange of Unregistered Securities for Registered
Securities will be subject to the satisfaction of the provisions of United States law and regulations in effect at the time of such exchange, and no exchange will be made until AT&T has notified the Trustee and the Registrar that, as a result of
such exchange, AT&T would not suffer adverse consequences under such law or regulations. 
 (c) To permit registrations of
transfers and exchanges, the Trustee shall authenticate Securities upon surrender of Securities for registration of transfer or for exchange as provided in this Section. AT&T will not make any charge for any registration of transfer or exchange
but may require the payment by the party requesting such registration of transfer or exchange of a sum sufficient to cover any tax or other governmental charge payable in connection therewith, but not for any exchange pursuant to Section 2.12,
3.06 or 9.05. 
 (d) Neither AT&T nor the Registrar shall be required (i) to issue, register the transfer of or
exchange Securities of any Series for the period beginning at the opening of business 15 days immediately preceding the selection of any such Securities to be redeemed and ending at the close of business on the day of first publication of the
relevant notice of redemption or, if there is no publication, the mailing of the relevant notice of redemption, or (ii) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole
or the portion being redeemed of any such Securities selected, called or being called for redemption in part. 
 (e)
Unregistered Securities or any coupons appertaining thereto shall be transferable by delivery. 
 (f) Notwithstanding the
foregoing, any Global Security shall be exchangeable pursuant to this Section 2.08 for Securities registered in the names of persons other than the Depository for such Security or its nominee only if (i) such Depository notifies AT&T
that it is unwilling or unable to continue as Depository for such Global Security or if at any time such Depository ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, (ii) AT&T executes and
delivers to the Trustee an Order that such Global Security shall be so exchangeable or (iii) there shall have occurred and be continuing an Event of Default with respect to the Securities. Any Global Security that is exchangeable pursuant to
the preceding sentence shall be exchangeable for Securities registered in such names as such Depository shall direct. 

Notwithstanding any other provision in this Indenture, a Global Security may not be transferred except as a whole by the Depository with
respect to such Global Security to a nominee of such Depository or by a nominee of such Depository to such Depository or another nominee of such Depository. 
 (g) If at any time the Depository for the Securities of a Series notifies AT&T that it is unwilling or unable to continue as Depository for the Securities of such Series or if at any time the
Depository for the Securities of such Series shall no longer be eligible under Section 2.03, AT&T shall appoint a successor Depository with respect to the Securities of such Series. If a

  
 12 

 
successor Depository for the Securities of such Series is not appointed by AT&T within 90 days after AT&T receives such notice or becomes aware of such ineligibility, AT&T’s
election pursuant to Section 2.02(15) shall no longer be effective with respect to the Securities of such series and AT&T will execute, and the Trustee, upon receipt of the Order for the authentication and delivery of definitive Securities
of such Series, will authenticate and deliver, Securities of such Series in definitive form in an aggregate principal amount equal to the principal amount of the Global Security or Securities representing such Series in exchange for such Global
Security or Securities. 
 AT&T may at any time and in its sole discretion determine that the Securities of any series
issued in the form of one or more Global Securities shall no longer be represented by such Global Security or Securities. In such event AT&T will execute, and the Trustee, upon receipt of the Order for the authentication and delivery of the
definitive Securities of such Series, will authenticate and deliver, Securities of such Series in definitive form and in an aggregate principal amount equal to the principal amount of the Global Security or Securities representing such Series in
exchange for such Global Security or Securities. 
 If (a) there shall have occurred and be continuing an Event of Default
(as defined in Section 6.01) or an event which, with the giving of notice or lapse of time, or both, would constitute an Event of Default with respect to a Series of Securities issued in the form of one or more Global Securities, or (b) if
specified by AT&T pursuant to Section 2.02 with respect to a Series of Securities, the Depository for such Series of Securities may surrender a Global Security for such Series of Securities in exchange in whole or in part for Securities of
such Series in definitive form. Thereupon, AT&T shall execute, and the Trustee shall authenticate and deliver, without service closing charge: 
 (i) to each person specified by such Depository a new Security or Securities of the same series, of any authorized denomination as requested by such person in aggregate principal amount equal to and
in exchange for such person’s beneficial interest in the Global Security; and 
 (ii) to such
Depository a new Global Security in a denomination equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of Securities delivered to Holders thereof. 

In any exchange provided for in any of the preceding three paragraphs, AT&T will execute and the Trustee will authenticate and
deliver Securities in definitive registered form in authorized denominations. 
 Upon the exchange of a Global Security for
Securities in definitive form, such Global Security shall be canceled by the Trustee. Registered Securities issued in exchange for a Global Security pursuant to this Section shall be registered in such names and in such authorized denominations as
the Depository for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. 

  
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 SECTION 2.09    Replacement Securities. 

(a) If a mutilated Security or a Security with a mutilated coupon appertaining to it is surrendered to the Trustee, AT&T shall issue
and the Trustee shall authenticate and deliver in exchange therefor a replacement Registered Security, if such surrendered security was a Registered Security, or a replacement Unregistered Security with coupons corresponding to the coupons
appertaining to the surrendered Security, if such surrendered Security was an Unregistered Security, of the same Series and of like tenor, if the Trustee’s requirements are met. 

(b) If the Holder of a Security claims that the Security or any coupon appertaining thereto has been lost, destroyed or wrongfully taken,
AT&T shall issue (and the Trustee shall authenticate) a replacement Registered Security of like tenor, if such Holder’s claim pertains to a Registered Security, or a replacement Unregistered Security of like tenor with coupons corresponding
to the coupons appertaining to the lost, destroyed or wrongfully taken Unregistered Security or the Unregistered Security to which such lost, destroyed or wrongfully taken coupon appertains, if such Holder’s claim pertains to an Unregistered
Security, of the same Series and of like tenor, if the Trustee’s requirements are met; provided, however, that the Trustee or AT&T may require any such Holder to provide to the Trustee and AT&T security or indemnity sufficient in the
judgment of AT&T and the Trustee to protect AT&T, the Trustee, any Agent or any authenticating agent from any loss which any of them may suffer if a Security or any coupon appertaining thereto is replaced. AT&T may charge the party
requesting a replacement Security for its expenses in replacing a Security. 
 (c) Every replacement Security is an additional
obligation of AT&T. 
 (d) The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other
remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or coupons. 
 SECTION
2.10    Outstanding Securities. 
 (a) Securities outstanding at any time are all Securities authenticated
by the Trustee except for those cancelled by it, those delivered to it for cancellation, and those described in this Section as not outstanding. 
 (b) 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.

 (c) If a Paying Agent (other than AT&T) holds on a redemption date or maturity date money sufficient to pay all amounts
due on Securities of any Series on that date, then on and after that date all Securities of such Series due on such date cease to be outstanding and interest on them ceases to accrue, provided that if the Securities are to be redeemed, notice of
such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made. 

  
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 (d) A Security does not cease to be outstanding because AT&T or an Affiliate holds the
Security. 
 (e) In determining whether the Holders of the requisite principal amount of Securities of any Series have concurred
in any direction, waiver or consent, (i) the principal amount of an Original Issue Discount Security that shall be deemed to be outstanding shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon acceleration of the maturity thereof pursuant to Section 6.02 and (ii) the principal amount of a Security denominated in a foreign currency or currencies shall be the U.S. dollar equivalent, determined on the date of
original issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the U.S. dollar equivalent on the date of original issuance of such Security of the amount determined as provided in (i) above)
of such Security. 
 SECTION 2.11    Treasury Securities. 

In determining whether the Holders of the requisite principal amount of Securities of any Series have concurred in any direction, waiver
or consent, Securities of such Series owned by AT&T or an Affiliate shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Securities of
such Series which the Trustee knows are so owned shall be so disregarded. Securities of such Series owned by AT&T or which have been pledged in good faith may be considered by the Trustee if the pledgee establishes to the satisfaction of the
Trustee the pledgee’s right to so act with respect to such Securities and that the pledgee is not AT&T or an Affiliate. 
 SECTION
2.12    Temporary Securities. 
 (a) Until definitive Registered Securities of any Series are ready for
delivery, AT&T may prepare and execute and the Trustee shall authenticate temporary Registered Securities of such Series. Temporary Registered Securities of any Series shall be substantially in the form of definitive Registered Securities of
such Series but may have variations that AT&T considers appropriate for temporary Securities. Every temporary Registered Security shall be executed by AT&T and authenticated by the Trustee, and registered by the Registrar, upon the same
conditions, and with like effect, as a definitive Registered Security. Without unreasonable delay, AT&T shall prepare and the Trustee shall authenticate definitive Registered Securities of the same Series and of like tenor in exchange for
temporary Registered Securities. 
 (b) Until definitive Unregistered Securities of any Series are ready for delivery, AT&T
may prepare and execute and the Trustee shall authenticate one or more temporary Unregistered Securities, which may have coupons attached or which may be in the form of a single temporary global Unregistered Security of that Series without coupons.
The temporary Unregistered Security or Securities of any Series shall be substantially in the form approved by or pursuant to a Board Resolution and shall be delivered to one of the Paying Agents located outside the United States or to such other
person or persons as AT&T shall direct against such certifications as AT&T may from time to time prescribe. The temporary Unregistered Security or Securities of a Series shall be executed by AT&T and authenticated by the Trustee upon the
same conditions, and with like effect, as a definitive Unregistered Security of such Series, except as provided herein or in the Board Resolution or supplemental indenture relating thereto. A temporary Unregistered Security or Securities shall be
exchangeable for definitive Unregistered Securities of like tenor at the time and on the conditions, if any, specified in the temporary Security. 

  
 15 

 Upon any exchange of a part of a temporary Unregistered Security of a Series for definitive
Unregistered Securities of such Series and of like tenor, the temporary Unregistered Security shall be endorsed by the Trustee or Paying Agent to reflect the reduction of its principal amount by an amount equal to the aggregate principal amount of
the definitive Unregistered Securities of such Series and of like tenor so exchanged and endorsed. 
 SECTION
2.13    Cancellation. 
 AT&T at any time may deliver Securities and coupons to the Trustee for
cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities and coupons surrendered to them for registration of transfer, for exchange or for payment. The Trustee shall cancel all Securities and coupons surrendered
for registration of transfer, exchange, payment or cancellation and may dispose of cancelled Securities and coupons as AT&T directs; provided, however, that any Unregistered Securities of a Series delivered to the Trustee for exchange prior to
maturity shall be retained by the Trustee for reissue as provided herein or in the Securities of such Series. AT&T may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation, provided that
the Trustee shall not be required to destroy cancelled Securities but may be required to deliver such Securities to AT&T upon demand. 

SECTION 2.14    Defaulted Interest. 
 If AT&T defaults on a payment of interest on a Series of Securities, AT&T shall pay the defaulted interest as provided in such Securities or in any other lawful manner not inconsistent with the
requirements of any securities exchange on which such Securities may be listed and acceptable to the Trustee. With respect to Registered Securities, the Trustee may pay the defaulted interest, plus any interest payable on the defaulted interest, to
the Holders of such Registered Securities on a subsequent special record date. AT&T shall fix the record date and the payment date. At least 15 days before the record date AT&T shall mail to such Holders a notice that states the record date,
the payment date and the amount of interest to be paid. 
 SECTION 2.15    CUSIP Numbers. 

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

  
 16 

 ARTICLE 3 
 REDEMPTION 
 SECTION 3.01    Notice to Trustee. 

AT&T may, with respect to any Series of Securities, reserve the right to redeem and pay such Series of Securities or any part
thereof, or may covenant to redeem and pay the Series of Securities or any part thereof, before maturity at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and AT&T wants or is obligated to
redeem 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 the Series of Securities to be redeemed. AT&T shall give such notice at least
35 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. 
 If less than all the Securities of a Series are to be
redeemed, the Trustee, not more than 35 days prior to the redemption date, shall select the Securities of the Series to be redeemed pro rata or by lot or in such other manner as the Trustee shall deem fair and appropriate. The Trustee shall make the
selection from Securities of the Series that are outstanding and that have not previously been called for redemption. Securities of the Series and portions of them selected by the Trustee shall be in amounts of $1,000 or integral multiples of $1,000
or, with respect to Securities of any Series issuable in other denominations pursuant to Section 2.02(a)(8), in amounts equal to the minimum principal denomination for each such Series and integral multiples thereof. Provisions of this
Indenture that apply to Securities of that Series called for redemption also apply to portions of Securities of that Series called for redemption. The Trustee shall promptly notify AT&T in writing of the Securities selected for redemption and,
in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. Notwithstanding the foregoing, so long as the Securities are held through a Depository, the procedure for selecting Securities shall be
subject to such Depository’s applicable procedures. 
 SECTION 3.03    Notice of Redemption. 

(a) At least 30 days but not more than 60 days before a redemption date, AT&T shall mail a notice of redemption by first-class mail
to each Holder of Registered Securities that are to be redeemed. 
 (b) If Unregistered Securities are to be redeemed, notice of
redemption shall be published in an Authorized Newspaper in each of The City of New York, London and, if such Securities to be redeemed are listed on the Luxembourg Stock Exchange, Luxembourg twice in different calendar weeks, the first publication
to be not less than 30 nor more than 60 days before the redemption date. 
 (c) All notices shall identify the Series of
Securities to be redeemed and shall state: 
 (1) the redemption date; 

  
 17 

 (2) the redemption price; 

(3) if less than all the outstanding Securities of a Series are to be redeemed, the identification (and, in the case of
partial redemption, the principal amounts) of the particular Securities to be redeemed; 
 (4) the name and
address of the Paying Agent; 
 (5) that Securities of the Series called for redemption and all unmatured
coupons, if any, appertaining thereto must be surrendered to the Paying Agent to collect the redemption price; and 
 (6) that interest on Securities of the Series called for redemption ceases to accrue on and after the redemption date. 
 At AT&T’s request, the Trustee shall give the notice of redemption in AT&T’s name and at its expense. 
 SECTION 3.04    Effect of Notice of Redemption. 
 Once notice
of redemption is mailed or published, Securities of a Series called for redemption become due and payable on the redemption date at the redemption price. Upon surrender to the Paying Agent of such Securities together with all unmatured coupons, if
any, appertaining thereto, such Securities shall be paid at the redemption price plus accrued interest to the redemption date, but installments of interest due on or prior to the redemption date will be payable, in the case of Unregistered
Securities, to the bearers of the coupons for such interest upon surrender thereof and, in the case of Registered Securities, to the Holders of such Securities of record at the close of business on the relevant record dates. 

SECTION 3.05    Deposit of Redemption Price. 
 On or before the redemption date, AT&T shall deposit with the Trustee money sufficient to pay the redemption price of and (unless the redemption date shall be an interest payment date) interest
accrued to the redemption date on all Securities to be redeemed on that date. 
 SECTION 3.06    Securities Redeemed in
Part. 
 Upon surrender of a Security that is redeemed in part, AT&T shall issue and the Trustee shall authenticate for the
Holder of that Security a new Security or Securities of the same Series and like tenor and the same form in authorized denominations equal in aggregate principal amount to the unredeemed portion of the Security surrendered. If a Global Security is
so surrendered, such new Security so issued shall be a new Global Security. 

  
 18 

 ARTICLE 4 
 COVENANTS 
 SECTION 4.01    Payment of Securities. 

AT&T shall pay or cause to be paid the principal of and interest on the Securities on the dates and in the manner provided herein and
in the Securities. 
 AT&T shall pay interest on overdue principal of a Security of any Series at the rate of interest (or,
in the case of Original Issue Discount Securities, Yield to Maturity) borne by the Securities of that Series, and, to the extent lawful, it shall pay interest on overdue installments of interest at the same rate. 

SECTION 4.02    Reports by AT&T. 
 AT&T agrees: 
 (a) to file with the Trustee, within 15 days after AT&T is
required to file the same with the SEC, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may from time to time by rules and regulations prescribe) which
AT&T may be required to file with the SEC pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934, as amended; or, if AT&T is not required to file information, documents or reports pursuant to either of such sections,
then to file with the Trustee and the SEC, in accordance with rules and regulations prescribed from time to time by the SEC, such of the supplementary and periodic information, documents and reports which may be required pursuant to section 13 of
the Securities Exchange Act of 1934, as amended, in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(b) to file with the Trustee and the SEC, in accordance with the rules and regulations prescribed from time to time by the SEC, such
additional information, documents, and reports with respect to compliance by AT&T with the conditions and covenants provided for in this Indenture as may be required from time to time by such rules and regulations; and 

(c) to transmit by mail to all Holders of Registered Securities, as the names and addresses of such Holders appear on the register for
each Series of Securities, to such Holders of Unregistered Securities as have, within the two years preceding such transmission, filed their names and addresses with the Trustee for that purpose and to all Holders of Securities whose names and
addresses have been furnished to the Trustee pursuant to Section 2.07, within 30 days after the filing thereof with the Trustee, such summaries of any information, documents and reports required to be filed by the AT&T pursuant to
subsections (a) and (b) of this Section 4.02 as may be required by rules and regulations prescribed from time to time by the SEC. 
 SECTION 4.03    Statement as to Compliance. 
 AT&T will
deliver to the Trustee annually, commencing March 1, 2014, a certificate, from its principal executive officer, principal financial officer or principal accounting officer, stating whether or not to the best knowledge of the signer thereof the
Company is in compliance (without regard to periods of grace or notice requirements) with all conditions and covenants under this Indenture, and if AT&T shall not be in compliance, specifying such non-compliance and the nature and status thereof
of which such signer may have knowledge. 

  
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 SECTION 4.04    Calculation of Original Issue Discount. 

AT&T shall file with the Trustee promptly at the end of each calendar year 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. 
 ARTICLE 5

 SUCCESSORS 
 SECTION
5.01    When AT&T May Merge, etc. 
 AT&T may not consolidate with, or merge into, or be merged
into, or transfer or lease its properties and assets substantially as an entirety to, any person, unless the person is a corporation organized under the laws of the United States, any State thereof or the District of Columbia, the person assumes by
supplemental indenture all the obligations of AT&T under this Indenture and the Securities and any coupons appertaining thereto, shall have provided for conversion or exchange rights in accordance with the terms of any Securities contemplating
conversion or exchange pursuant to Section 2.02(a)(14), and, after giving effect thereto, no Default or Event of Default shall have occurred and be continuing. The surviving, transferee or lessee corporation shall be the successor to AT&T
and AT&T, except in the case of a lease, shall be relieved of all obligations under this Indenture and the Securities. 

ARTICLE 6 

DEFAULTS AND REMEDIES 
 SECTIONS
6.01    Events of Default. 
 An “Event of Default” occurs with respect to the Securities of any
Series if: 
 (1) AT&T defaults in the payment of interest on any Security of that Series when the same becomes due and
payable and the Default continues for a period of 90 days; 
 (2) AT&T defaults in the payment of the principal of any
Security of that Series when the same becomes due and payable at maturity, upon redemption or otherwise; 
 (3) AT&T fails
to comply with any of its other agreements in the Securities of that Series, or in any supplemental indenture under which the Securities of that Series may have been issued or in the Indenture (other than an agreement included solely for the benefit
of Series of Securities other than that Series) and the Default continues for the period and after the notice specified below; 

  
 20 

 (4) AT&T 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 all or substantially all of its property, or 
 (D) makes a general assignment for the benefit of its creditors; or 
 (5) a court
of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (A) is for relief against
AT&T in an involuntary case, 
 (B) appoints a Custodian of AT&T or for all or substantially all of its
property, or 
 (C) orders the liquidation of AT&T, and the order or decree remains unstayed and in effect
for 60 days. 
 The term “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief
of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
 A Default under clause (3) is not an Event of Default until the Trustee or the Holders of at least 25% in principal amount of all the outstanding Securities of that Series notify AT&T (and the
Trustee in the case of notification by such Holders) of the Default and AT&T does not cure the Default within 90 days after receipt of the notice. The notice must specify the Default, demand that it be remedied and state that the notice is a
“Notice of Default”. 
 Upon receipt by the Trustee of any Notice of Default pursuant to this Section 6.01 with
respect to Securities of a Series all or part of which is represented by a Global Security, a record date shall be established for determining Holders of outstanding Securities of such Series entitled to join in such Notice of Default, which record
date shall be at the close of business on the day the Trustee receives such Notice of Default. The Holders on such record date, or their duly designated proxies, and only such persons, shall be entitled to join in such Notice of Default, whether or
not such Holders remain Holders after such record date; provided, that unless Holders of at least 10% in principal amount of the outstanding Securities of such Series, or their proxies, shall have joined in such Notice of Default prior to the
day which is 90 days after such record date, such Notice of Default shall automatically and without further action by any Holder be canceled and of no further effect. Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder, from
giving, after expiration of such 90-day period, a new Notice of Default identical to a Notice of Default which has been canceled pursuant to the proviso to the preceding sentence, in which event a new record date shall be established pursuant to the
provisions of this Section 6.01. 

  
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 SECTION 6.02    Acceleration. 

If an Event of Default occurs with respect to the Securities of any Series and is continuing, the Trustee, by notice to AT&T, or the
Holders of at least 25% in principal amount of all of the outstanding Securities of that Series, by notice to AT&T and the Trustee, may declare the principal (or, if any of the Securities of that Series are Original Issue Discount Securities,
such portion of the principal amount of such Securities as may be specified in the terms thereof) of, and any accrued interest on, all the Securities of that Series to be due and payable. Upon such declaration, such principal (or, in the case of
Original Issue Discount Securities, such specified amount) and any accrued interest shall be due and payable immediately. The Holders of a majority in principal amount of all of the Securities of that Series, by notice to AT&T and the Trustee,
may rescind such acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that have become due
solely because of the acceleration. 
 Upon receipt by the Trustee of any declaration of acceleration, or rescission thereof,
with respect to Securities of a Series all or part of which is represented by a Global Security, the Trustee shall establish a record date for determining Holders of outstanding Securities of such Series entitled to join in such declaration of
acceleration, or rescission, as the case may be, which record date shall be at the close of business on the date the Trustee receives such declaration of acceleration, or rescission, as the case may be. The Holders on such record date, or their duly
designated proxies, and only such persons, shall be entitled to join in such declaration of acceleration, or rescission, as the case may be, whether or not such Holders remain Holders after such record date; provided, that unless such
declaration of acceleration, or rescission, as the case may be, shall have become effective by virtue of the requisite percentage having been obtained prior to the day which is 90 days after such record date, such declaration of acceleration, or
rescission, as the case may be, shall automatically and without further action by any Holder be canceled and of no further effect. Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder, from giving, after expiration of such 90-day
period, a new declaration of acceleration, or rescission thereof, as the case may be, that is identical to a declaration of acceleration, or rescission thereof, which has been canceled pursuant to the proviso to the preceding sentence, in which even
a new record date shall be established pursuant to the provisions of this Section 6.02. 
 SECTION 6.03    Other
Remedies Available to Trustee. 
 (a) If an Event of Default occurs and is continuing, the Trustee may pursue any available
remedy to collect the payment of principal of and interest on the Securities of the Series that is in Default or to enforce the performance of any provision of the Securities of that Series or this Indenture. 

(b) The Trustee may maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the
proceeding. A delay or omission by the 

  
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Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of
Default. To the extent permitted by law no remedy is exclusive of any other remedy and all available remedies are cumulative. 
 SECTION
6.04    Waiver of Existing Defaults. 
 The Holders of a majority in principal amount of any Series of
Securities by notice to the Trustee may waive an existing Default with respect to that Series and its consequences except a Default in the payment of principal of or interest on any Security. 

AT&T may, but shall not be obligated to, fix a record date for the purpose of determining the persons entitled to waive any past
default hereunder. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such persons, shall be entitled to waive any default hereunder, whether or not such Holders remain Holders after such record
date; provided, that unless such majority in principal amount shall have waived such default prior to the date which is 90 days after such record date, any such waiver previously given shall automatically and without further action by any
Holder be canceled and of no further effect. 
 SECTION 6.05    Control by Majority. 

The Holders of a majority in principal amount of the Securities of each Series affected (with each such Series voting as a class) may
direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on it with respect to Securities of that Series. However, the Trustee may refuse to follow any
direction that conflicts with law or this Indenture or that is unduly prejudicial to the rights of the Securityholders of that Series. 
 Upon receipt by the Trustee of any such direction with respect to Securities of a Series all or part of which is represented by a Global Security, the Trustee shall establish a record date for determining
Holders of outstanding Securities of such Series entitled to join in such direction, which record date shall be at the close of business on the day the Trustee receives such direction. The Holders on such record date, or their duly designated
proxies, and only such persons, shall be entitled to join in such direction, whether or not such Holders remain Holders after such record date; provided, that unless such majority in principal amount shall have been obtained prior to the day
which is 90 days after such record date, such direction shall automatically and without further action by any Holder be canceled and of no further effect. Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder, from giving, after
expiration of such 90-day period, a new direction identical to a direction which has been canceled pursuant to the proviso to the preceding sentence, in which event a new record date shall be established pursuant to the provisions of this
Section 6.05. 

  
 23 

 SECTION 6.06    Limitation on Suits by Securityholders. 

A Securityholder may pursue a remedy with respect to this Indenture or the Securities of any Series only if: 

(1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to Securities of that Series;

 (2) the Holders of at least 25% in principal amount of the Securities of that Series make a written request to the Trustee to
pursue the remedy; 
 (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss,
liability or expense to be, or which may be, incurred by the Trustee in pursuing the remedy; 
 (4) the Trustee does not comply
with the request within 60 days after receipt of the request and the offer of indemnity; and 
 (5) during such 60-day period,
the Holders of a majority in principal amount of the Securities of that Series do not give the Trustee a direction inconsistent with the request. 
 A Securityholder of any Series may not use this Indenture to prejudice the rights of another Securityholder of that Series or any other Series or to obtain a preference or priority over another
Securityholder of that Series or any other Series. 
 SECTION 6.07    Rights of Holders to Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder of a Security to receive payment of principal of and
(subject to Section 2.14) interest on the Security (whether at maturity or upon redemption), on or after the respective due dates expressed in the Security, the right of any Holder of a Security of a Series the terms of which provide for
conversion or exchange as contemplated in Section 2.02(a)(14) to have the Security be converted or exchanged as so provided, and the right of any Holder of a coupon to receive payment of (subject to Section 2.14) interest due as provided
in such coupon, or to bring suit for the enforcement of any such payment on or after such respective dates or any such conversion or exchange right, shall not be impaired or affected without the consent of such Holder. 

SECTION 6.08    Collection Suits by Trustee. 
 If an Event of Default specified in Section 6.01(1) or (2) occurs with respect to Securities of any Series and is continuing, the Trustee may recover judgment in its own name and as trustee of
an express trust against AT&T for the whole amount of the principal of and interest on Securities of that Series remaining unpaid. 

  
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 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, and take any and all actions
authorized under the TIA, in order to have the claims of the Trustee and the Securityholders allowed in any judicial proceedings relating to AT&T (or any other obligor upon the Securities), its creditors or its property. 

SECTION 6.10    Priorities. 
 If the Trustee collects any money pursuant to this Article, it shall pay out the money in the following order: 
 FIRST: to the Trustee for amounts due under Section 7.07; 
 SECOND: to
Holders of Securities in respect of which or for the benefit of which such money has been collected for amounts due and unpaid on such Securities for principal and interest, ratably, without preference or priority of any kind, according to the
amounts due and payable on such Securities for principal and interest, respectively; and 
 THIRD: to AT&T. 

The Trustee may fix a record date (with respect to Registered Securities) and payment date for any such payment to Holders of Securities.

 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 attorneys’ fees, against any party litigant in the suit, in the manner and to the extent provided in
the TIA. This Section does not apply to a suit by AT&T, the Trustee, a Holder pursuant to Section 6.07, or a Holder or Holders of more than 10% in principal amount of the Securities of any Series. 

ARTICLE 7 

TRUSTEE 
 SECTION
7.01    Duties of Trustee. 
 (a) The duties and responsibilities of the Trustee shall be as provided by the
TIA. If an Event of Default has occurred and is continuing, the Trustee shall exercise such of its rights and powers under this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the
circumstances in the conduct of his own affairs. 

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

(1) Subject to the provisions of the TIA, the Trustee need perform only those duties that are specifically set forth in
this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee. 

(2) In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee shall examine 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. 
 (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. 
 (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 may refuse to perform any duty or exercise any right or power unless it receives indemnity satisfactory to it against any
loss, liability or expense. 
 (f) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree with AT&T. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 (g) Except as expressly provided herein, no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of
its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 

SECTION 7.02    Rights of Trustee. 
 (a) The Trustee may rely on any document believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document.

  
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 (b) Before the Trustee acts or refrains from acting, it may consult with counsel of its
selection after consultation with AT&T or 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 a Board Resolution, an Officers’
Certificate, an Opinion of Counsel or the advice of counsel selected in consultation with AT&T. 
 (c) The Trustee may act
through agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care. 
 (d) The
Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers. 
 (e) The Trustee 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 reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

(f) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has
actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the corporate trust office of the Trustee, and such notice references 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 AT&T or an Affiliate with the same rights it would have if it were not
Trustee. Any Agent may do the same with like rights. However, the Trustee is subject to Sections 7.10 and 7.11. 
 SECTION
7.04    Trustee’s Disclaimer. 
 The Trustee makes no representation as to the validity or adequacy of
this Indenture or the Securities, shall not be accountable for AT&T’s use of the proceeds from the Securities and shall not be responsible for any statement in the Securities other than its certificate of authentication. 

  
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 SECTION 7.05    Notice of Defaults. 

If a Default occurs and is continuing with respect to the Securities of any Series and if it is known to the Trustee, the Trustee shall
mail to each Holder of a Security of that Series entitled to receive reports pursuant to Section 4.02(c) (and, if Unregistered Securities of that Series are outstanding, shall cause to be published at least once in an Authorized Newspaper in
each of The City of New York, London and, if Securities of that Series are listed on the Luxembourg Stock Exchange, Luxembourg) notice of the Default as and to the extent provided by the TIA. Except in the case of a Default in payment on the
Securities of any Series, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding such notice is in the interests of Securityholders of that Series. 

SECTION 7.06    Reports by Trustee to Holders. 
 (a) Within 60 days after each anniversary date of the first issue of a Series of Securities, the Trustee shall mail to each Securityholder of that Series entitled to receive reports pursuant to
Section 4.02(c) a brief report, dated as of such date, that complies with TIA Section 313(a). The Trustee also shall comply with TIA Section 313(b)(2). 
 (b) At the time that it mails such a report to Securityholders of any Series, the Trustee shall file a copy of that report with the SEC and with each stock exchange on which the Securities of that Series
are listed. AT&T shall provide written notice to the Trustee when the Securities of any Series are listed on any stock exchange. 
 SECTION
7.07    Compensation and Indemnity. 
 (a) AT&T shall pay to the Trustee from time to time such
compensation as AT&T and the Trustee shall from time to time agree in writing for all services rendered by the Trustee hereunder. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust.
AT&T shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it in connection with the performance of its duties under this Indenture. Such expenses shall include the reasonable compensation and
out-of-pocket expenses of the Trustee’s agents and counsel. 
 (b) AT&T shall indemnify each of the Trustee or any
successor Trustee for, and hold the Trustee harmless against, any and all loss, damage, claims, liability or expense, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee), arising out of or in
connection with the acceptance or administration of the trust or trusts hereunder, including the reasonable costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of the
Trustee’s powers or duties hereunder, except to the extent that such loss, damage, claim, liability or expense is due to the Trustee’s own negligence or bad faith. The Trustee shall notify AT&T promptly of any claim for which it may
seek indemnity. AT&T shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and AT&T shall pay the reasonable fees and expenses of such counsel. AT&T need not pay for any settlement
made without its consent. 

  
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 (c) AT&T need not reimburse any expense or indemnify against any loss or liability
incurred by the Trustee through its negligence or bad faith. 
 (d) To secure the payment obligations of AT&T pursuant to
this Section, the Trustee shall have a lien prior to the Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities of a Series. 

(e) If the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(4) or (5) occurs,
such expenses and the compensation for such services are intended to constitute expenses of administration under any Bankruptcy Law. 
 (f) The provisions of this Section 7.07 shall survive termination of this Indenture and the resignation or removal of the Trustee. 
 SECTION 7.08    Replacement of Trustee. 
 (a) The resignation
or removal of the Trustee and the appointment of a successor Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section. 

(b) The Trustee may resign with respect to the Securities of any Series by so notifying AT&T. The Holders of a majority in principal
amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and AT&T. AT&T may remove the Trustee with respect to Securities of any Series if: 

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

(2) the Trustee is adjudged a bankrupt or an insolvent; 

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

(4) the Trustee becomes incapable of acting. 
 (c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason with respect to Securities of any Series, AT&T shall promptly appoint a successor Trustee for
such Series. Within one year after a successor Trustee with respect to the Securities of any Series takes office the Holders of a majority in principal amount of Securities of that Series may appoint a successor Trustee with respect to the
Securities of that Series to replace the successor Trustee appointed by AT&T. 
 (d) If a successor Trustee with respect to
the Securities of any Series does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, AT&T or the Holders of at least 10% in principal amount of the Securities of the applicable Series may
petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such Series. 

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

(f) A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and AT&T. Thereupon, the
resignation or removal of the retiring Trustee for any Series of Securities shall become effective, and the successor Trustee shall have all the rights, powers and duties of the retiring Trustee with respect to all Series of Securities for which the
successor Trustee is to be acting as Trustee under this Indenture. The retiring Trustee shall promptly transfer all property held by it as Trustee with respect to such Series of Securities to the successor Trustee subject to the lien provided for in
Section 7.07. AT&T shall give notice of each appointment of a successor Trustee for any Series of Securities by mailing written notice of such event by first-class mail to the Holders of Securities of such Series entitled to receive reports
pursuant to Section 4.02(c) and, if any Unregistered Securities are outstanding, by publishing notice of such event once in an Authorized Newspaper in each of The City of New York, London, and, if Securities of that Series are listed on the
Luxembourg Stock Exchange, Luxembourg. 
 (g) All provisions of this Section 7.08 except subparagraphs (b)(1), (e) and
(h) and the words “subject to the lien provided for in Section 7.07” in subparagraph (f) shall apply also to any Paying Agent located outside the United States and its possessions and required by Section 2.04.

 (h) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all)
Series, AT&T, the retiring Trustee and such successor Trustee shall execute and deliver a supplemental indenture wherein such successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary
or desirable to transfer and confirm to, and to vest in, such successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those Series to which the appointment of such successor
Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those Series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall
be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and
that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee. 
 SECTION 7.09    Successor Trustee, Agents by Merger, etc. 
 If
the Trustee or any Agent consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business assets to, another corporation, the successor corporation, without any further act, shall be the successor
Trustee or Agent, as the case may be. 

  
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 SECTION 7.10    Eligibility; Disqualification. 

This Indenture shall always have a Trustee with respect to each Series of Securities which satisfies the requirements of TIA
Section 310(a)(1). The Trustee shall always have a combined capital and surplus of at least $100,000,000, as set forth in its most recent published annual report of condition. If the Trustee has or shall acquire a conflicting interest within
the meaning of the TIA, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the TIA and this Indenture. To the extent permitted by the TIA, the Trustee shall not
be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one Series or a trustee under all indentures now or hereafter existing pursuant to which indenture securities have
been issued on which AT&T is an obligor and which may be excluded under the proviso of TIA Section 310(b)(1). 
 SECTION
7.11    Preferential Collection of Claims Against AT&T. 
 If and when the Trustee shall be or become a
creditor of AT&T (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of the TIA regarding the collection of claims against AT&T (or any such other obligor). 

ARTICLE 8 

DISCHARGE OF INDENTURE 
 SECTION
8.01    Termination of AT&T’s Obligations. 
 (a) AT&T reserves the right to terminate all of
its obligations under (i) this Indenture and the Securities, or (ii) the Securities of any Series if AT&T irrevocably deposits in trust with the Trustee money or U.S. Government Obligations sufficient to pay, when due, the principal of
and any interest on all the Securities or all the Securities of that Series, as the case may be, to maturity or redemption and if all other conditions set forth in the Securities of that Series are met. However, AT&T’s obligations in
Sections 2.04, 2.05, 2.06, 2.07, 2.08, 2.09, 2.15, 4.01, 7.07, 7.08, 8.03 and 8.04 shall survive until the Securities are no longer outstanding. Thereafter AT&T’s obligations in Sections 7.07, 8.03 and 8.04 shall survive. Unless otherwise
provided in the terms of Securities of a Series that are convertible or exchangeable as contemplated in Section 2.02(a)(14), AT&T shall not be entitled to terminate its obligations under the Securities of that Series pursuant to this
Section 8.01. 
 (b) Before or after a deposit AT&T may make arrangements satisfactory to the Trustee for the
redemption of Securities at a future date in accordance with Article 3. 
 (c) After a deposit by AT&T in accordance with
this Section in respect of the Securities of a Series, the Trustee upon request shall acknowledge in writing the discharge of AT&T’s obligations under the Securities of the Series in respect of which the deposit has been made and this
Indenture with respect to the Securities of that Series except for those surviving obligations specified above. 

  
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 (d) In order to have money available on a payment date to pay principal of and interest on
the Securities of any Series, the U.S. Government Obligations shall be payable as to principal or interest on or before such payment date in such amounts as will provide the necessary money. 

(e) “U.S. Government Obligations” means: 

(i) direct obligations of the United States for the payment of which the full faith and credit of the United States are
pledged; or 
 (ii) obligations of a person controlled or supervised by and acting as an agency or
instrumentality of the United States pursuant to authority granted by the Congress of the United States the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States; 

provided, however, that U.S. Government Obligations shall not be callable at the issuer’s option. 

SECTION 8.02    Application of Trust Money. 
 The Trustee shall hold in trust all money or U.S. Government Obligations deposited with it pursuant to Section 8.01. It shall apply the deposited money and the money from U.S. Government Obligations
through the Paying Agent and in accordance with this Indenture to the payment of principal of and interest on the Securities of each Series in respect of which the deposit shall have been made. 

SECTION 8.03    Repayment to AT&T. 
 (a) The Trustee and the Paying Agent shall promptly pay to AT&T upon request any excess money or securities held by them at any time. 

(b) The Trustee and the Paying Agent shall pay to AT&T upon request any money held by them for the payment of principal or interest
that remains unclaimed for two years after such principal or interest became due. After payment to AT&T, Securityholders entitled to the money must look to AT&T for payment as general creditors unless an applicable abandoned property law
designates another person. 
 SECTION 8.04    Indemnity for Government Obligations. 

AT&T shall pay and shall indemnify the Trustee and each Securityholder of each Series in respect of which the deposit shall have been
made against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such obligations. 

  
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 ARTICLE 9 
 AMENDMENTS AND WAIVERS 
 SECTION 9.01    Without Consent of Holders.

 AT&T and the Trustee may enter into one or more supplemental indentures without consent of any Securityholder for any of
the following purposes: 
 (1) to cure any ambiguity, defect or inconsistency herein or in the Securities of any Series;

 (2) to provide for the issuance of and establish the form and terms and conditions of any Securities of any Series as
provided in Section 2.02; to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Securities, provided that any such addition, change or elimination (A) shall neither (i) 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 (ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only
when there is no such Security outstanding; and to establish the form of any certifications required to be furnished pursuant to the terms of this Indenture or any Series of Securities; 

(3) to secure the Securities pursuant to Section 4.02; 
 (4) to comply with Section 5.01; 
 (5) to provide for uncertificated
Securities in addition to or in place of certificated Securities; 
 (6) to add to the rights of the Holders of any Series of
Securities or to surrender any right or power herein conferred on AT&T; 
 (7) to make provision with respect to the
conversion or exchange rights of Holders pursuant to the requirements of the terms of Securities of a Series that is convertible or exchangeable as contemplated in Section 2.02(a)(14); 

(8) to make any change that does not adversely affect the rights of any Securityholder in any material respect; 

(9) to evidence the succession of another person to the Company and the assumption by any such successor of the covenants of the Company
herein and in the Securities; 
 (10) to add guarantors or co-obligors with respect to any Series of Securities; 

(11) to conform to any mandatory provisions of law; and 
 (12) solely in the event any Security provides for payment in a currency that ceases to exist, to make any such Security payable in United States Dollars. 

  
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 SECTION 9.02    With Consent of Holders. 

(a) With the written consent of the Holders of a majority in principal amount of the outstanding Securities of each Series affected by
such supplemental indenture (with each Series voting as a class), AT&T and the Trustee may enter into a supplemental indenture to add any provisions to or to change or eliminate any provisions of this Indenture or of any supplemental indenture
or to modify, in each case in any manner not covered by Section 9.01, the rights of the Securityholders of each such Series. The Holders of a majority in principal amount of the outstanding Securities of each Series affected by such waiver
(with each Series voting as a class), by notice to the Trustee, may waive compliance by AT&T with any provision of this Indenture, any supplemental indenture or the Securities of any such Series except a Default in the payment of the principal
of or interest on a Security. However, without the consent of each Securityholder affected, an amendment or waiver may not: 
 (1) reduce the amount of Securities whose Holders must consent to an amendment or waiver; 
 (2) reduce the rate of or change the time for payment of interest on any Security; 
 (3) reduce the principal of or change the fixed maturity of any Security; 
 (4) waive a Default in the payment of the principal of or interest on any Security; 
 (5) make any Security payable in currency other than that stated in the Security, unless such Security provides for payment in a currency that ceases to exist and the Company promises to pay interest or
principal due on such Security in United States Dollars; 
 (6) adversely affect the right to convert or
exchange, as provided in the terms thereof, any Security that is convertible or exchangeable as contemplated in Section 2.02(a)(14); or 
 (7) make any change in Section 6.04, 6.07 or 9.02(a) (third sentence). 
 (b)
AT&T may, but shall not be obligated to, fix a record date for the purpose of determining the persons entitled to consent to any indenture supplemental hereto. If a record date is fixed, the Holders on such record date, or their duly designated
proxies, and only such persons, shall be entitled to consent to such supplemental indenture, whether or not such Holders remain Holders after such record date; provided, that unless such consent shall have become effective by virtue of the
requisite percentage having been obtained prior to the date which is 90 days after such record date, any such consent previously given shall automatically and without further action by any Holder be canceled and of no further effect. 

(c) It is not necessary under this Section 9.02 for the Security- holders to consent to the particular form of any proposed
supplemental indenture, but it is sufficient if they consent to the substance thereof. 

  
 34 

 (d) Promptly after the execution by AT&T and the Trustee of any supplemental indenture
pursuant to the provisions of this Section 9.02, AT&T shall transmit by mail a notice, setting forth in general terms the substance of such supplemental indenture, to all Holders of Registered Securities, as the names and addresses of such
Holders appear on the register for each Series of Securities, and to such Holders of Unregistered Securities as are entitled to receive reports pursuant to Section 4.02(c). Any failure of AT&T to mail such notice, or any defect therein,
shall not, however, in any way impair or affect the validity of any such supplemental indenture. 
 SECTION
9.03    Compliance with Trust Indenture Act. 
 Every amendment to this Indenture or the Securities of one
or more Series shall be set forth in a supplemental indenture that complies with the TIA as then in effect. 
 SECTION
9.04    Revocation and Effect of Consents. 
 Until an amendment or waiver becomes effective, a consent to
it by a Holder of a Security is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made
on any Security. However, any such Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective. After an
amendment or waiver becomes effective, it shall bind every Securityholder of each Series affected by such amendment or waiver. 
 SECTION
9.05    Notation on or Exchange of Securities. 
 The Trustee may place an appropriate notation about an
amendment or waiver on any Security of any Series thereafter authenticated. AT&T in exchange for Securities of that Series may issue and the Trustee shall authenticate new Securities of that Series that reflect the amendment or waiver.

 SECTION 9.06    Trustee Protected. 
 The Trustee need not sign any supplemental indenture that is reasonably likely to adversely affect its rights. 
 SECTION 9.07    Execution of Supplemental Indentures. 
 In
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modification thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and shall be fully
protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. 

  
 35 

 ARTICLE 10 
 MISCELLANEOUS 
 SECTION 10.01    Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies or conflicts with another provision of the TIA that is required under the TIA to be
a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the TIA which may be so modified or excluded, the latter provision shall be deemed to apply to this
Indenture as so modified or to be excluded, as the case may be. 
 SECTION 10.02    Notices. 

(a) Any notice or communication by AT&T or the Trustee to the other is duly given if in writing and delivered in person or mailed by
first-class mail: 
 if to AT&T to: 
 AT&T Inc. 
 208 S. Akard St. 

Dallas, Texas 75202 
 Attention:    Assistant Treasurer 
 if to the Trustee to:

 The Bank of New York Mellon Trust Company, N.A. 

601 Travis Street, 16th Floor 
 Houston, Texas 77002 
 Attention:    Corporate Trust
Administration 
 (b) AT&T or the Trustee by notice to the other may designate additional or different addresses for
subsequent notices or communications. 
 (c) Any notice or communication to Holders of Securities entitled to receive reports
pursuant to Section 4.02(c) shall be mailed by first-class mail to the addresses for Holders of Registered Securities shown on the register kept by the Registrar and to addresses filed with the Trustee for other Holders. Failure to so mail a
notice or communication or any defect in such notice or communication shall not affect its sufficiency with respect to other Holders of Securities of that or any other Series entitled to receive notice. 

(d) If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the
addressee receives it. 

  
 36 

 (e) If AT&T mails a notice or communication to Securityholders, it shall mail a copy to
the Trustee and to each Agent at the same time. 
 (f) If it shall be impractical in the opinion of the Trustee or AT&T to
make any publication of any notice required hereby in an Authorized Newspaper, any publication or other notice in lieu thereof which is made or given with the approval of the Trustee shall constitute a sufficient publication of such notice.

 (g) All other notices or communications will be in writing. 

(h) All notices or other communications given to the Trustee shall be effective when actually received by the Trustee. 

SECTION 10.03    Communication by Holders with Other Holders. 

The rights of Holders to communicate with other Holders with respect to their rights under this Indenture or under the Securities, and
the corresponding rights and privileges of the Trustee, shall be as provided by the TIA. 
 SECTION 10.04    Certificate and
Opinion as to Conditions Precedent. 
 Upon any request or application by AT&T to the Trustee to take any action under this
Indenture, AT&T shall furnish to the Trustee: 
 (1) an Officers’ Certificate stating that, in the opinion of the
signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 
 (2) an Opinion of Counsel 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 condition or covenant provided for in this Indenture shall comply with the requirements of the TIA and shall include: 

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

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

  
 37 

 (4) a statement as to whether or not, in the opinion of such person, such condition or
covenant has been complied with. 
 SECTION 10.06    Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series. The Paying Agent or Registrar
may make reasonable rules and set reasonable requirements for its functions. 
 SECTION 10.07    Legal Holidays. 

A “Legal Holiday” is a Saturday, a Sunday or a day on which banking institutions are not required to be open. If a payment date
or a date for conversion or exchange is a Legal Holiday at a place of payment, conversion or exchange, then such payment, conversion or exchange may be made at such place on the next succeeding day this is not a Legal Holiday with the same force and
effect as if made on such date, and no interest shall accrue for the intervening period. 
 SECTION 10.08    Governing Law
and Waiver of Jury Trial. 
 The laws of the State of New York shall govern this Indenture, the Securities and any coupons
appertaining thereto without regard to principles of conflicts of laws. 
 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 the Indenture, the Securities or the transaction contemplated hereby. 

SECTION 10.09    No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of AT&T or any Affiliate. No such indenture,
loan or debt agreement may be used to interpret this Indenture. 
 SECTION 10.10    No Recourse Against Others. 

No director, officer, employee or stockholder, as such, of AT&T shall have any liability for any obligation of AT&T under the
Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Securityholder by accepting a Security waives and releases all such liability. The waiver and release are part of the
consideration for the issue of the Securities. 

  
 38 

 SECTION 10.11    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 AT&T. 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 AT&T, 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 provided 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 him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient
proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 

(c) The ownership of Unregistered Securities may be proved by the production of such Unregistered Securities or by a certificate executed
by any trust company, bank, banker or other depository, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing that at the date therein mentioned such person has on deposit with such depository, or
exhibited to it, the Unregistered Securities therein described; or such facts may be proved by the certificate or affidavit of the person holding such Unregistered Securities, if such certificate or affidavit is deemed by the Trustee to be
satisfactory. The Trustee and AT&T may assume that such ownership of any Unregistered Security continues until (i) another such certificate or affidavit bearing a later date issued in respect of the same Unregistered Security is produced,
(ii) such Unregistered Security is produced to the Trustee by some other person, (iii) such Unregistered Security is surrendered in exchange for a Registered Security or (iv) such Unregistered Security is no longer outstanding. The
ownership of Unregistered 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 Registrar. 
 (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 AT&T in reliance thereon, whether or not notation of such action is made upon such Security. 

  
 39 

 SECTION 10.12    Execution in Counterparts. 

This Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together
constitute but one instrument. 
  

							
		 		 	AT&T INC.
				
		 		 	By:	 	  

		 		 		 	Name: Jonathan P. Klug
		 		 		 	Title: Senior Vice President and Treasurer
		 		 		 	
				
		 		 		 	
				
		 		 		 	
		 		 		 	
		 		 		 	
		 		 	THE BANK OF NEW YORK MELLON
		 		 	TRUST COMPANY, N.A.
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

  
 40EX-10.18

 Exhibit 10.18 

 
  

 
 INDEMNIFICATION AGREEMENT

 by and between 
 EMDEON INC. 
 and 

 
 
                                        

 as Indemnitee 
 Dated as of              , 20     
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE 1 DEFINITIONS
	  	 	2	  
		
	 ARTICLE 2 INDEMNITY IN THIRD-PARTY PROCEEDINGS
	  	 	5	  
		
	 ARTICLE 3 INDEMNITY IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY
	  	 	5	  
		
	 ARTICLE 4 INDEMNIFICATION FOR EXPENSES OF A PARTY WHO IS WHOLLY OR PARTLY SUCCESSFUL
	  	 	6	  
		
	 ARTICLE 5 INDEMNIFICATION FOR EXPENSES OF A WITNESS
	  	 	6	  
		
	 ARTICLE 6 ADDITIONAL INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS
	  	 	6	  
		
	 ARTICLE 7 CONTRIBUTION IN THE EVENT OF JOINT LIABILITY
	  	 	7	  
		
	 ARTICLE 8 EXCLUSIONS
	  	 	7	  
		
	 ARTICLE 9 ADVANCES OF EXPENSES; SELECTION OF LAW FIRM
	  	 	8	  
		
	 ARTICLE 10 PROCEDURE FOR NOTIFICATION; DEFENSE OF CLAIM; SETTLEMENT
	  	 	9	  
		
	 ARTICLE 11 PROCEDURE UPON APPLICATION FOR INDEMNIFICATION
	  	 	10	  
		
	 ARTICLE 12 PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS
	  	 	11	  
		
	 ARTICLE 13 REMEDIES OF INDEMNITEE
	  	 	12	  
		
	 ARTICLE 14 SECURITY
	  	 	14	  
		
	 ARTICLE 15 NON-EXCLUSIVIIY; SURVIVAL OF RIGHTS; INSURANCE; [PRIMACY OF INDEMNIFICATION;] SUBROGATION
	  	 	14	  
		
	 ARTICLE 16 ENFORCEMENT AND BINDING EFFECT
	  	 	16	  
		
	 ARTICLE 17 MISCELLANEOUS
	  	 	17	  

  
 i 

 INDEMNIFICATION AGREEMENT 

This INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of         
    , 20    , by and among Emdeon Inc., a Delaware corporation (the “Company”) and
                             (“Indemnitee”). Capitalized terms used herein and not otherwise
defined shall have the respective meanings set forth in Article 1. 
 WHEREAS, the Company desires to attract and retain
the services of highly qualified individuals, such as Indemnitee, to serve the Company; 
 WHEREAS, in order to induce
Indemnitee to provide or continue to provide services to the Company, the Company wishes to provide for the indemnification of, and advancement of expenses to, Indemnitee to the fullest extent permitted by law; 

WHEREAS, the Company and Indemnitee further recognize the substantial increase in corporate litigation in general, subjecting directors,
officers, employees, agents and fiduciaries to expensive litigation risks at the same time as the availability and scope of coverage of liability insurance provide increasing challenges for the Company; 

WHEREAS, the Company’s Second Amended and Restated Certificate of Incorporation (as the same may be amended and/or restated from
time to time, the “Certificate of Incorporation”) and the By-Laws of the Company require indemnification of the officers and directors of the Company, and Indemnitee may also be entitled to indemnification pursuant to applicable
provisions of the Delaware General Corporation Law (“DGCL”). The Certificate of Incorporation, the By-Laws of the Company and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and
thereby contemplate that contracts providing for indemnification may be entered into between the Company and members of the Board, executive officers and other key employees of the Company; 

WHEREAS, this Agreement is a supplement to and in furtherance of the Certificate of Incorporation and By-Laws of the Company and any
resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder (regardless of, among other things, any amendment to or revocation of governing documents or any
change in the composition of the Board or any Corporate Transaction); and 
 WHEREAS, Indemnitee will serve or continue to serve
as a director, officer or key employee of the Company for so long as Indemnitee is duly elected or appointed or until Indemnitee tenders his resignation or is otherwise terminated by the Company. 

 NOW, THEREFORE, in consideration of the promises and the covenants contained herein, the
Company and Indemnitee do hereby covenant and agree as follows: 
 ARTICLE 1 

DEFINITIONS 
 As
used in this Agreement: 
 1.1. “Affiliate” shall have the meaning set forth in Rule 405 under the Securities
Act of 1933, as amended (as in effect on the date hereof). 
 1.2. “Agreement” shall have the meaning set forth
in the preamble. 
 1.3. “Beneficial Owner” and “Beneficial Ownership” shall have the meaning
set forth in Rule 13c1-3 under the Exchange Act (as in effect on the date hereof). 
 1.4. “Board” shall mean
the Company’s Board of Directors. 
 1.5. “Certificate of Incorporation” shall have the meaning set forth
in the recitals. 
 1.6. “Change of Control” shall have the meaning set forth in the Stockholders’
Agreement, dated as of November 2, 2011, by and among Beagle Parent Corp., Beagle Intermediate Holdings, Inc., the Company (as successor by merger to Beagle Acquisition Corp.), and the other signatories thereto. 

1.7. “Company” shall have the meaning set forth in the preamble and shall also include, in addition to the resulting
corporation or other entity, any constituent corporation (including, without limitation, any constituent of a constituent) absorbed in a consolidation or merger that, if its separate existence had continued, would have had power and authority to
indemnify its directors, officers, employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director,
officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation or
other entity as Indemnitee would have with respect to such constituent corporation if its separate existence had continued. 

1.8. “Continuing Directors” shall have the meaning set forth in Section 1.6(b). 

1.9. “Corporate Status” shall describe the status as such of a person who is or was a director, officer, trustee,
general partner, managing member, fiduciary, employee or agent of the Company or of any other Enterprise which such person is or was serving at the request of the Company. 
 1.10. “Corporate Transaction” shall mean a reorganization, merger or consolidation of the Company. 
 1.11. “Delaware Court” shall mean the Court of Chancery of the State of Delaware. 
 1.12. “DGCL” shall have the meaning set forth in the recitals. 

  
 -2-

 1.13. “Disinterested Director” shall mean a director of the Company who is
not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 
 1.14.
“Enterprise” shall mean the Company and any other corporation, constituent corporation (including, without limitation, any constituent of a constituent) absorbed in a consolidation or merger to which the Company (or any of its
wholly owned Subsidiaries) is a party, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, trustee,
general partner, managing member, fiduciary, employee or agent. 
 1.15. “Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended. 
 1.16. “Expenses” shall include all reasonable attorneys’
fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types
customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, settling or negotiating for the settlement of, responding to or objecting to a request to provide
discovery in, or otherwise participating in, any Proceeding. Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding, including, without limitation, the premium, security for, and other costs
relating to any cost bond, supersedes bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments, fines or penalties against Indemnitee. 

1.17. “Indemnification Arrangements” shall have the meaning set forth in Section 15.2. 

1.18. “Indemnitee” shall have the meaning set forth in the preamble. 

1.19. “Indemnitee-Related Entities” shall mean any corporation, limited liability company, partnership, joint venture,
trust, employee benefit plan or other enterprise (other than the Company, any other Enterprise controlled by the Company or the insurer under and pursuant to an insurance policy of the Company or any such controlled Enterprise) from whom an
Indemnitee may be entitled to indemnification or advancement of expenses with respect to which, in whole or in part, the Company or any other Enterprise controlled by the Company may also have an indemnification or advancement obligation.

 1.20. “Independent Counsel” shall mean a law firm, or a member of a law firm, that is of outstanding
reputation, experienced in matters of corporation law and neither is as of the date of selection of such firm, nor has been during the period of three years immediately preceding the date of selection of such firm, retained to represent:
(a) the Company or Indemnitee in any material matter (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements); or (b) any other party to the
Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would
have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees and expenses of the Independent Counsel

  
 -3-

 
referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.
For purposes of this definition, a “material matter” shall mean any matter for which billings exceeded or are expected to exceed $100,000. 
 1.21. “Person” shall have the meaning set forth in Sections 13(d) and 14(d) of the Exchange Act (as in effect on the date hereof); provided, however, that the term
“Person” shall exclude: (a) the Company; (b) any Subsidiaries of the Company; and (c) any employee benefit plan of the Company or a Subsidiary of the Company or any trustee or other fiduciary holding securities under an
employee benefit plan of the Company or of a Subsidiary of the Company or of a corporation or other entity owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the
Company. 
 1.22. “Proceeding” shall include any threatened, pending or completed action, suit, arbitration,
mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, including, without limitation, any and all appeals, whether brought in the right of the
Company or otherwise and whether of a civil (including, without limitation, intentional or unintentional tort claims), criminal, administrative or investigative nature, whether formal or informal, in which Indemnitee was, is, will or might be
involved as a party or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action taken by or omission by Indemnitee, or of any action or omission on Indemnitee’s part while acting as
a director or officer of the Company, or by reason of the fact that Indemnitee is or was serving at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent of any other Enterprise;
in each case whether or not acting or serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement of expenses can be provided under this Agreement or Section 145 of the
DGCL; including one pending on or before the date of this Agreement but excluding one initiated by Indemnitee to enforce Indemnitee’s rights under this Agreement or Section 145 of the DGCL. 

1.23. “Section 409A” shall have the meaning set forth in Section 17.2. 

1.24. “Subsidiary” with respect to any Person, shall mean any corporation or other entity of which a majority of the
voting power of the voting equity securities or equity interest is owned, directly or indirectly, by that Person. 
 1.25.
“Voting Securities” shall mean any securities of the Company (or a surviving entity following a Corporate Transaction) that vote generally in the election of directors (or similar body). 

1.26. References to “fines” shall include any excise tax or penalty assessed on Indemnitee with respect to any employee
benefit plan; references to “other enterprise” shall include employee benefit plans; references to “serving at the request of the Company” shall include any service as a director, officer, employee, agent or fiduciary of
the Company which imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its participants or beneficiaries; and if Indemnitee acted

  
 -4-

 
in good faith and in a manner Indemnitee reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have
acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 
 1.27.
The phrase “to the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) applicable law” shall include, but not be limited to: (a) to the fullest extent authorized or permitted by the
provision of the DGCL that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of the DGCL, and (b) to the fullest extent authorized or permitted by any
amendments to or replacements of the DGCL adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 
 ARTICLE 2 
 INDEMNITY IN THIRD-PARTY PROCEEDINGS 

Subject to Article 8, the Company shall indemnify, hold harmless and exonerate Indemnitee in accordance with the provisions of
this Article 2 if Indemnitee is, was or is threatened to be made, a party to or a participant (as a witness or otherwise) in any Proceeding, other than a Proceeding by or in the right of the Company to procure a judgment in its favor. Subject
to Article 8, to the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) applicable law, Indemnitee shall be indemnified against all Expenses, judgments, fines, penalties and, subject to
Section 10.3, amounts paid in settlement actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a
manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a criminal Proceeding, had no reasonable cause to believe that such conduct was unlawful. 

ARTICLE 3 

INDEMNITY IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY 
 Subject to Article 8 the Company shall indemnify, hold harmless and exonerate Indemnitee in accordance with the provisions of this Article 3 if Indemnitee is, was or is threatened to be
made, a party to or a participant in any Proceeding by or in the right of the Company to procure a judgment in its favor. Subject to Article 8, to the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by)
applicable law, Indemnitee shall be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such Proceeding or any claim, issue or matter
therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made under this Article 3 in respect of any
claim, issue or matter as to which Indemnitee shall have been finally adjudged (and not subject to further appeal) by a court of competent jurisdiction to be liable to the Company, except to the extent that the Delaware Court or any court in which
the Proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification. 

  
 -5-

 ARTICLE 4 
 INDEMNIFICATION FOR EXPENSES OF A PARTY 
 WHO IS WHOLLY OR PARTLY SUCCESSFUL

 Notwithstanding any other provisions of this Agreement, to the extent that Indemnitee is a party to (or a participant in) and
is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably
incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. For the avoidance of doubt, if Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all
claims, issues or matters in such Proceeding, the Company shall indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each resolved
claim, issue or matter, whether or not Indemnitee was wholly or partly successful; provided, that Indemnitee shall only be entitled to indemnification for Expenses with respect to unsuccessful claims under this Article 4 to the extent
Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a criminal Proceeding, had no reasonable cause to believe that such conduct was unlawful.
For purposes of this Article 4 and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, or by settlement, shall be deemed to be a successful result as to such claim,
issue or matter. 
 ARTICLE 5 
 INDEMNIFICATION FOR EXPENSES OF A WITNESS 
 Notwithstanding any other provision of
this Agreement, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified, held harmless and exonerated against all Expenses
actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. 
 ARTICLE 6 

ADDITIONAL INDEMNIFICATION, HOLD HARMLESS 
 AND EXONERATION RIGHTS 
 Notwithstanding any limitations in Articles 2,
3 or 4, but subject to Article 8, the Company shall indemnify, hold harmless and exonerate Indemnitee to the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law if Indemnitee is, was or
is threatened to be made, a party to or a participant in, any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines, penalties and, subject to
Section 10.3, penalties and amounts paid in settlement 

  
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(including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines, penalties and amounts paid in settlement) actually and
reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with the Proceeding. No indemnity shall be available under this Article 6 on account of Indemnitee’s conduct that constitutes a breach of Indemnitee’s
duty of loyalty to the Company or its stockholders or is an act or omission not in good faith or that involves intentional misconduct or a knowing violation of the law. 
 ARTICLE 7 
 CONTRIBUTION IN THE EVENT OF JOINT LIABILITY 

7.1. To the fullest extent not prohibited by (and not merely to the extent affirmatively permitted by) law, if the indemnification rights
provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for
judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any
right of contribution it may have at any time against Indemnitee. 
 7.2. The Company shall not enter into any settlement of any
Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. 

7.3. The Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for contribution which may be
brought by officers, directors or employees of the Company (other than Indemnitee) who may be jointly liable with Indemnitee. 

ARTICLE 8 

EXCLUSIONS 

8.1. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity,
contribution or advancement of Expenses in connection with any claim made against Indemnitee: 
 (a) except as
provided in Section 15.4, for which payment has actually been made to or on behalf of Indemnitee under any insurance policy of the Company or its Subsidiaries or other indemnity provision of the Company or its Subsidiaries, except with
respect to any excess beyond the amount paid under any insurance policy, contract, agreement, other indemnity provision or otherwise; or 
 (b) for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Exchange Act (or any
similar successor statute) or similar provisions of state statutory law or common law; or 

  
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 (c) in connection with any Proceeding (or any part of any Proceeding)
initiated or brought voluntarily by Indemnitee, including, without limitation, any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, other than a
Proceeding initiated by Indemnitee to enforce its rights under this Agreement, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) or (ii) the Company provides the indemnification payment, in its sole discretion,
pursuant to the powers vested in the Company under applicable law; or 
 (d) for the payment of amounts required
to be reimbursed to the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, as amended, or any similar successor statute; or 
 (e) for any payment to Indemnitee that is finally determined to be unlawful under the procedures and subject to the presumptions of this Agreement. 

The exclusion in Section 8.1(c) shall not apply to counterclaims or affirmative defenses asserted by Indemnitee in an action
brought against Indemnitee. 
 ARTICLE 9 
 ADVANCES OF EXPENSES; SELECTION OF LAW FIRM 
 9.1. Subject to Article 8,
the Company shall, unless prohibited by applicable law, advance the Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding within ten business days after the receipt by the Company of a statement or statements requesting
such advances, together with a reasonably detailed written explanation of the basis therefor and an itemization of legal fees and disbursements in reasonable detail, from time to time, whether prior to or after final disposition of any Proceeding.
Advances shall be unsecured and interest free. Indemnitee shall qualify for advances, to the fullest extent permitted by applicable law, solely upon the execution and delivery to the Company of an undertaking providing that Indemnitee undertakes to
repay the advance to the extent that it is ultimately determined, by final judicial decision of a court of competent jurisdiction from which there is no further right to appeal, that Indemnitee is not entitled to be indemnified by the Company under
the provisions of this Agreement. This Section 9.1 shall not apply to any claim made by Indemnitee for which an indemnification payment is excluded pursuant to Article 8. 

9.2. If the Company shall be obligated under Section 9.1 hereof to pay the Expenses of any Proceeding against Indemnitee,
then the Company shall be entitled to assume the defense of such Proceeding upon the delivery to Indemnitee of written notice of its election to do so. If the Company elects to assume the defense of such Proceeding, then unless the plaintiff or
plaintiffs in such Proceeding include one or more Persons holding, together with his, her or its Affiliates, in the aggregate, a majority of the combined voting power of the Company’s then outstanding Voting Securities, the Company shall assume
such defense using a single law firm selected by the Company representing Indemnitee and other present and former directors or officers of the Company. The retention of such law firm by the Company shall be subject to prior written approval by
Indemnitee, which approval shall not be unreasonably withheld, delayed or 

  
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conditioned. If the Company elects to assume the defense of such Proceeding and the plaintiff or plaintiffs in such Proceeding include one or more Persons holding, together with his, her or its
Affiliates, in the aggregate, a majority of the combined voting power of the Company’s then outstanding Voting Securities, then the Company shall assume such defense using a single law firm selected by Indemnitee and any other present or former
directors or officers of the Company who are parties to such Proceeding. After (x) in the case of retention of any such law firm selected by the Company, delivery of the required notice to Indemnitee, approval of such law firm by Indemnitee and
the retention of such law firm by the Company, or (y) in the case of retention of any such law firm selected by Indemnitee, the completion of such retention, the Company will not be liable to Indemnitee under this Agreement for any Expenses of
any other law firm incurred by Indemnitee after the date that such first law firm is retained by the Company with respect to the same Proceeding, provided, that in the case of retention of any such law firm selected by the Company
(a) Indemnitee shall have the right to retain a separate law firm in any such Proceeding at Indemnitee’s sole expense; and (b) if (i) the retention of a law firm by Indemnitee has been previously authorized by the Company,
(ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between either (1) the Company and Indemnitee or (2) Indemnitee and another present or former director or officer of the Company also represented
by such law firm in the conduct of any such defense, or (iii) the Company shall not, in fact, have retained a law firm to prosecute the defense of such Proceeding within thirty days, then the reasonable Expenses of a single law firm retained by
Indemnitee shall be at the expense of the Company. 
 ARTICLE 10 

PROCEDURE FOR NOTIFICATION; DEFENSE OF CLAIM; SETTLEMENT 
 10.1. Indemnitee shall, as a condition precedent to Indemnitee’s right to be indemnified under this Agreement, give the Company notice in writing promptly of any claim made against Indemnitee for
which indemnification will or could be sought under this Agreement, provided, however, that a delay in giving such notice shall not deprive Indemnitee of any right to be indemnified under this Agreement unless, and then only to the
extent that, such delay is materially prejudicial to the defense of such claim. The omission or delay to notify the Company will not relieve the Company from any liability for indemnification which it may have to Indemnitee otherwise than under this
Agreement. The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification. 

10.2. The Company will be entitled to participate in the Proceeding at its own expense. 

10.3. The Company shall have no obligation to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any claim
effected without the Company’s prior written consent, provided the Company has not breached its obligations hereunder. The Company shall not settle any claim, including, without limitation, any claim in which it takes the position that
Indemnitee is not entitled to indemnification in connection with such settlement, nor shall the Company settle any claim which would impose any fine or any obligation on Indemnitee, without Indemnitee’s prior written consent. Neither the
Company nor Indemnitee shall unreasonably withhold, delay or condition their consent to any proposed settlement. 

  
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 ARTICLE 11 
 PROCEDURE UPON APPLICATION FOR INDEMNIFICATION 
 11.1. Upon written request by
Indemnitee for indemnification pursuant to the first sentence of Section 10.1, a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (a) if a Change
of Control shall have occurred, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee; or (b) if a Change of Control shall not have occurred, (i) by a majority vote of the Disinterested
Directors (provided there is a minimum of three Disinterested Directors), even though less than a quorum of the Board, (ii) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors (provided there
is a minimum of three Disinterested Directors), even though less than a quorum of the Board, or (iii) if there are less than three Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written
opinion to the Board, a copy of which shall be delivered to Indemnitee, and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten business days after such determination. Indemnitee
shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including, without limitation, providing to such person, persons or entity upon reasonable advance request
any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination, provided, that nothing contained in this Agreement
shall require Indemnitee to waive any privilege Indemnitee may have. Any costs or expenses (including, without limitation, reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity
making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 

11.2. If the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 11.1
hereof, the Independent Counsel shall be selected as provided in this Section 11.2. If a Change of Control shall not have occurred, the Independent Counsel shall be selected by the Board, and the Company shall give written notice to
Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected. If a Change of Control shall have occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made
by the Board, in which event the preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may
be, may, within ten business days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection
may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Article 1 of this Agreement, and the objection shall set forth with particularity the
factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent
Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit. If, within 

  
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twenty days after submission by Indemnitee of a written request for indemnification pursuant to Section 10.1 hereof, no Independent Counsel shall have been selected and not objected
to, either the Company or Indemnitee may seek arbitration for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel
of a person selected by the arbitrator or by such other person as the arbitrator shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under
Section 11.1 hereof. Such arbitration referred to in the previous sentence shall be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association, and Article 13 hereof shall
apply in respect of such arbitration and the Company and Indemnitee. Upon the due commencement of any judicial proceeding pursuant to Section 13.1 of this Agreement, Independent Counsel shall be discharged and relieved of any further
responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 
 ARTICLE 12

 PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS 
 12.1. In making a determination with respect to entitlement to indemnification hereunder, the Person making such determination shall presume that Indemnitee is entitled to indemnification under this
Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 10.1 of this Agreement. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and
convincing evidence. Neither the failure of the Company (including by its Board, its Independent Counsel and its stockholders) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification or
advancement of expenses is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by its Board, its Independent Counsel and its stockholders) that Indemnitee
has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 
 12.2. If the Person empowered or selected under Article 11 of this Agreement to determine whether Indemnitee is entitled to indemnification shall not have made a determination within thirty days
after receipt by the Company of the request therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (a) a misstatement by
Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (b) a final judicial determination that any or all
such indemnification is expressly prohibited under applicable law; provided, however, that such thirty-day period may be extended for a reasonable time, not to exceed an additional fifteen days, if the Person making the determination
with respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto. 

12.3. The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement (with or without court
approval), conviction, or upon a plea of nolo 

  
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contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption
that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe
that Indemnitee’s conduct was unlawful. 
 12.4. For purposes of any determination of good faith, Indemnitee shall be
deemed to have acted in good faith if, among other things, Indemnitee’s action is based on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the directors or officers
of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise, its Board, any committee of the Board or any director, or on information or records given or reports made to the Enterprise, its Board, any
committee of the Board or any director, by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Enterprise, its Board, any committee of the Board or any director. The provisions of this
Section 12.4 shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed or found to have met the applicable standard of conduct set forth in this Agreement. In any event, it shall
be presumed that Indemnitee has at all times acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company. Anyone seeking to overcome this presumption shall have the burden of proof
and the burden of persuasion by clear and convincing evidence. 
 12.5. The knowledge and/or actions, or failure to act, of any
other director, officer, trustee, partner, managing member, fiduciary, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

12.6. The Company acknowledges that a settlement or other disposition short of final judgment may be successful if it permits a party to
avoid expense, delay, distraction, disruption and uncertainty. In the event that any action, claim or proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without
limitation, settlement of such action, claim or proceeding with or without payment of money or other consideration) it shall be presumed that Indemnitee has been successful on the merits or otherwise in such action, suit or proceeding. Anyone
seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. 
 ARTICLE 13 
 REMEDIES OF INDEMNITEE 

13.1. In the event that (a) a determination is made pursuant to Article 11 of this Agreement that Indemnitee is not entitled
to indemnification under this Agreement, (b) advancement of Expenses, to the fullest extent permitted by applicable law, is not timely made pursuant to Article 9 of this Agreement, (c) no determination of entitlement to
indemnification shall have been made pursuant to Section 11.1 of this Agreement within thirty days after receipt by the Company of the request for indemnification and of reasonable documentation and

  
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information which Indemnitee may be called upon to provide pursuant to Section 11.1, (d) payment of indemnification is not made pursuant to Articles 4, 5, 6
or the last sentence of Section 11.1 of this Agreement within ten business days after receipt by the Company of a written request therefor, (e) a contribution payment is not made in a timely manner pursuant to Article 7 of
this Agreement, or (f) payment of indemnification pursuant to Article 3 or 6 of this Agreement is not made within ten business days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee
shall be entitled to an adjudication by a court of competent jurisdiction of Indemnitee’s entitlement to such indemnification, contribution or advancement of Expenses. Alternatively, Indemnitee, at his or her option, may seek an award in
arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Except as set forth herein, the provisions of Delaware law (without regard to its conflict of laws rules) shall
apply to any such arbitration. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. The award rendered by such arbitration will be final and binding upon the parties hereto, and final judgment
on the arbitration award may be entered in any court of competent jurisdiction. 
 13.2. In the event that a determination shall
have been made pursuant to Section 11.1 of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Article 13 shall be conducted in all respects as a de
novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Article 13, Indemnitee shall be presumed to be
entitled to receive advances of Expenses under this Agreement and the Company shall have the burden of proving Indemnitee is not entitled to indemnification or advancement of Expenses, as the case may be, and the Company may not refer to or
introduce into evidence any determination pursuant to Section 11.1 of this Agreement adverse to Indemnitee for any purpose. If Indemnitee commences a judicial proceeding or arbitration pursuant to this Article 13, Indemnitee shall
not be required to reimburse the Company for any advances pursuant to Article 9 until a final determination is made with respect to Indemnitee’s entitlement to indemnification (as to which all rights of appeal shall have been exhausted
or lapsed). 
 13.3. If a determination shall have been made pursuant to Section 11.1 of this Agreement that
Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Article 13, absent (a) a misstatement by Indemnitee of a material fact, or
an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (b) a prohibition of such indemnification under applicable law. 

13.4. The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Article
13 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement. 

13.5. The Company shall indemnify and hold harmless Indemnitee to the fullest extent permitted by law against all Expenses and, if
requested by Indemnitee, shall (within ten days after the Company’s receipt of such written request) pay to Indemnitee, to the fullest extent 

  
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permitted by applicable law, such Expenses which are incurred by Indemnitee in connection with any judicial proceeding or arbitration brought by Indemnitee (a) to enforce his rights under,
or to recover damages for breach of, this Agreement or any other indemnification, advancement or contribution agreement or provision of the Certificate of Incorporation, or the By-Laws now or hereafter in effect; or (b) for recovery or advances
under any insurance policy maintained by any person for the benefit of Indemnitee, regardless of the outcome and whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement, contribution or insurance recovery, as
the case may be (unless such judicial proceeding or arbitration was not brought by Indemnitee in good faith). 
 13.6. Interest
shall be paid by the Company to Indemnitee at the legal rate under Delaware law for amounts which the Company indemnifies, or is obliged to indemnify, for the period commencing with the date on which Indemnitee requests indemnification,
contribution, reimbursement or advancement of any Expenses and ending with the date on which such payment is made to Indemnitee by the Company. 
 ARTICLE 14 
 SECURITY 

Notwithstanding anything herein to the contrary, to the extent requested by Indemnitee and approved by the Board, the Company may at any
time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked
or released without the prior written consent of Indemnitee. 
 ARTICLE 15 

NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE; 
 [PRIMACY OF INDEMNIFICATION]; SUBROGATION 
 15.1. The rights of Indemnitee as
provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Certificate of Incorporation, the Company’s By-Laws, any agreement, a vote of stockholders or
a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such
Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in applicable law, whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than
would be afforded currently under the Certificate of Incorporation, the Company’s By-Laws or this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change.
No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or
in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 

  
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 15.2. The DGCL, the Certificate of Incorporation and the Company’s By-Laws permit the
Company to purchase and maintain insurance or furnish similar protection or make other arrangements, including, but not limited to, providing a trust fund, letter of credit, or surety bond (“Indemnification Arrangements”) on behalf
of Indemnitee against any liability asserted against Indemnitee or incurred by or on behalf of Indemnitee or in such capacity as a director, officer, employee or agent of the Company, or arising out of his status as such, whether or not the Company
would have the power to indemnify Indemnitee against such liability under the provisions of this Agreement or under the DGCL, as it may then be in effect. The purchase, establishment, and maintenance of any such Indemnification Arrangement shall not
in any way limit or affect the rights and obligations of the Company or of Indemnitee under this Agreement except as expressly provided herein, and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way limit
or affect the rights and obligations of the Company or the other party or parties thereto under any such Indemnification Arrangement. 
 15.3. To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, trustees, partners, managing members, fiduciaries, employees, or
agents of the Company or of any other Enterprise which such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for
any such director, officer, trustee, partner, managing member, fiduciary, employee or agent under such policy or policies. If, at the time the Company receives notice from any source of a Proceeding as to which Indemnitee is a party or a participant
(as a witness or otherwise), the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the
respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.

 15.4. [The Company hereby agrees (i) that it is the indemnitor of first resort (i.e., its obligations to Indemnitee are
primary and any obligation of the Indemnitee-Related Entities to advance Expenses or to provide indemnification for the same Expenses or liabilities incurred by Indemnitee are secondary), (ii) that it shall be required to advance the full
amount of Expenses incurred by Indemnitee and shall be liable for the full amount of all Expenses, judgments, penalties, fines and amounts paid in settlement to the extent not prohibited by (and not merely to the extent affirmatively permitted by)
applicable law and as required by the terms of this Agreement and the Certificate of Incorporation or the By-Laws of the Company (or any other agreement between the Company and Indemnitee), without regard to any rights Indemnitee may have against
the Indemnitee-Related Entities, and (iii) that it irrevocably waives, relinquishes and releases the Indemnitee-Related Entities from any and all claims against the Indemnitee-Related Entities for contribution, subrogation or any other recovery
of any kind in respect thereof. The Company further agrees that no advancement or payment by the Indemnitee-Related Entities on behalf of Indemnitee with respect to any claim for which Indemnitee has sought indemnification from the Company shall
reduce or otherwise alter the rights of Indemnitee or the obligations of the Company hereunder. In the event that any of the Indemnitee-Related Entities shall make any advancement or payment on behalf of Indemnitee with respect to any claim for
which Indemnitee has sought indemnification from the Company, the Indemnitee-Related Entity making such payment shall have a right of contribution and/or be subrogated to the extent of 

  
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such advancement or payment to all of the rights of recovery of Indemnitee against the Company, and Indemnitee shall execute all papers reasonably required and take all action reasonably
necessary to secure such rights, including, without limitation, execution of such documents as are necessary to enable the Indemnitee-Related Entities to bring suit to enforce such rights. The Company and Indemnitee agree that the Indemnitee-Related
Entities are express third party beneficiaries of the terms of this Section 15.4, entitled to enforce this Section 15.4 as though each of the Indemnitee-Related Entities were a party to this Agreement.] 

15.5. [Except as provided in Section 15.4,] in the event of any payment under this Agreement, the Company shall be subrogated
to the extent of such payment to all of the rights of recovery of Indemnitee (other than against the Fund Indemnitors), who shall execute all papers reasonably required and take all action reasonably necessary to secure such rights, including,
without limitation, execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

15.6. [Except as provided in Section 15.4,] the Company shall not be liable under this Agreement to make any payment of
amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder) if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 

15.7. [Except as provided in Section 15.4,] the Company’s obligation to indemnify or advance Expenses hereunder to
Indemnitee who is or was serving at the request of the Company as a director, officer, trustee, partner, managing member, fiduciary, employee or agent of any other Enterprise shall be reduced by any amount Indemnitee has actually received as
indemnification payments or advancement of Expenses from such Enterprise. Notwithstanding any other provision of this Agreement to the contrary, (a) Indemnitee shall have no obligation to reduce, offset, allocate, pursue or apportion any
indemnification advancement, contribution or insurance coverage among multiple parties possessing such duties to Indemnitee prior to the Company’s satisfaction and performance of all its obligations under this Agreement, and (b) the
Company shall perform fully its obligations under this Agreement without regard to whether Indemnitee holds, may pursue or has pursued any indemnification, advancement, contribution or insurance coverage rights against any person or entity other
than the Company. 
 ARTICLE 16 
 ENFORCEMENT AND BINDING EFFECT 
 16.1. The Company expressly confirms and agrees
that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve or continue to serve as a director, officer or key employee of the Company, and the Company acknowledges that Indemnitee
is relying upon this Agreement in serving or continuing to serve as a director, officer or key employee of the Company. 
 16.2.
This Agreement shall be effective as of the date set forth on the first page and may apply to acts or omissions of Indemnitee which occurred prior to such date if Indemnitee was an officer, director, employee or other agent of the Company, or was
serving at the request of the Company as a director, officer, employee or agent of another corporation, limited liability company, partnership, joint venture, trust or other enterprise, at the time such act or omission occurred. 

  
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 16.3. The Company and Indemnitee agree herein that a monetary remedy for breach of this
Agreement, at some later date, may be inadequate, impracticable and difficult to prove, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto agree that Indemnitee may enforce this Agreement by
seeking, among other things, injunctive relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific performance, Indemnitee shall not be
precluded from seeking or obtaining any other relief to which he may be entitled. The Company and Indemnitee further agree that Indemnitee shall be entitled to such specific performance and injunctive relief, including, without limitation, temporary
restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bonds or other undertaking in connection therewith. The Company acknowledges that in the absence of a waiver, a bond or undertaking may be
required of Indemnitee by the Court, and the Company hereby waives any such requirement of such a bond or undertaking. 
 ARTICLE
17 
 MISCELLANEOUS 
 17.1. Successors and Assigns. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and Indemnitee’s assigns, heirs,
executors and administrators. The Company shall require and cause any successor (whether direct or indirect successor by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of
the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession
had taken place. 
 17.2. Section 409A. It is intended that any indemnification payment or advancement of Expenses
made hereunder shall be exempt from Section 409A of the Internal Revenue Code of 1986, as amended, and the guidance issued thereunder (“Section 409A”) pursuant to Treasury Regulation Section 1.409A-1(b)(10).
Notwithstanding the foregoing, if any indemnification payment or advancement of Expenses made hereunder shall be determined to be “nonqualified deferred compensation” within the meaning of Section 409A, then (i) the amount of the
indemnification payment or advancement of Expenses during one taxable year shall not affect the amount of the indemnification payments or advancement of Expenses during any other taxable year, (ii) the indemnification payments or advancement of
Expenses must be made on or before the last day of the Indemnitee’s taxable year following the year in which the expense was incurred, and (iii) the right to indemnification payments or advancement of Expenses hereunder is not subject to
liquidation or exchange for another benefit. 
 17.3. Severability. In the event that any provision of this Agreement is
determined by a court to require the Company to do or to fail to do an act which is in violation of applicable law, such provision (including, without limitation, any provision within a single Article, Section, paragraph or sentence) shall be
limited or modified in its application to the minimum extent 

  
 -17-

 
necessary to avoid a violation of law, and, as so limited or modified, such provision and the balance of this Agreement shall be enforceable in accordance with their terms to the fullest extent
permitted by law. 
 17.4. Entire Agreement. Without limiting any of the rights of Indemnitee under the Certificate of
Incorporation or By-Laws of the Company as they may be amended from time to time, this Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and
understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. 
 17.5.
Modification, Waiver and Termination. No supplement, modification, termination, cancellation or amendment of this Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this
Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver. 
 17.6. Notices. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given (a) if delivered by hand and
receipted for by the party to whom said notice or other communication shall have been directed, or (b) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed: 

 

	 	(i)	If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide in writing to the Company.

  

	 	(ii)	If to the Company, to: 

 Emdeon
Inc. 
 3055 Lebanon Pike 
 Suite 1000 
 Nashville, TN 37214 

Attn: General Counsel 
 Telephone:              615-932-3000 

or to any other address as may have been furnished to Indemnitee in writing by the Company. 

17.7. Applicable Law. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in
accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. 
 17.8. Identical
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by
the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 

  
 -18-

 17.9. Headings. The headings of the paragraphs of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 
 17.10.
Representation by Counsel. Each of the parties has been represented by and has had an opportunity to consult legal counsel in connection with the negotiation and execution of this Agreement. No provision of this Agreement shall be construed
against or interpreted to the disadvantage of any party by any court or arbitrator or any governmental authority by reason of such party having drafted or being deemed to have drafted such provision. 

17.11. Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right of the
Company against Indemnitee, Indemnitee’s spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be
extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action such
shorter period shall govern. 
 17.12. Additional Acts. If for the validation of any of the provisions in this Agreement
any act, resolution, approval or other procedure is required, the Company undertakes to cause such act, resolution, approval or other procedure to be affected or adopted in a manner that will enable the Company to fulfill its obligations under this
Agreement. 
 [Signature page follows] 

  
 -19-

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

			
	COMPANY:
	
	EMDEON INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	INDEMNITEE:
		
	By:	 	  

	Name:	 	
	Address:

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