Document:

Exhibit 10.18

 Exhibit 10.18 

 
  
 INVESTMENT MANAGEMENT SERVICES AGREEMENT 
 among 

TRANSAMERICA ASSET MANAGEMENT, INC., 
 TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY 
 and 

TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY OF NEW YORK 
  

 

 INVESTMENT MANAGEMENT SERVICES AGREEMENT 

THIS INVESTMENT MANAGEMENT SERVICES AGREEMENT (this “Agreement”), dated as of November 1, 2010, is by and among
Transamerica Asset Management, Inc. a Florida corporation (“TAM”), Transamerica Advisors Life Insurance Company, an Arkansas domiciled stock life insurance company (“TALIC”) and Transamerica Advisors Life Insurance
Company of New York, a New York domiciled stock life insurance company (“TALNY” and together with TALIC, the “Companies” and each, a “Company”). 

WHEREAS, the Companies wish to retain TAM to provide advisory services to the Asset Allocation Program (as defined below) (the
“Investment Management Services”); 
 WHEREAS, the Companies are wholly-owned subsidiaries of AEGON and provide
variable life insurance and annuity products; 
 WHEREAS, TAM is registered with the Securities and Exchange Commission (the
“SEC”) as a registered investment adviser under the Investment Advisers Act of 1940 (as amended from time to time, the “Advisers Act”); 
 WHEREAS, TAM (i) constructs and maintains various asset allocation models, including, but not limited to, those asset allocation models set forth on Exhibit A-1 (the “Asset Allocation
Models”) and (ii) makes the Asset Allocation Models available to owners of the variable annuity products listed on Exhibit A-2 (the “Products”) who participate in such program (such owners, the
“Clients” and (i) and (ii) together, the “Asset Allocation Program”); 
 NOW,
THEREFORE, in consideration of the mutual covenants, agreements and promises herein contained, the parties do hereby agree as follows: 
 1.
Asset Allocation Program. 
 (a) Upon the effectiveness of this Agreement, TAM will provide the Asset Allocation Program
to the Clients. 
 (b) TAM will review each Asset Allocation Model on at least a quarterly basis and will periodically update
the Asset Allocation Models as TAM in its sole discretion determines to be appropriate. From time to time, TAM may create new asset allocation models. Such new asset allocation models may, in the sole discretion of TAM, be added to the Asset
Allocation Program in accordance with procedures established by TAM. 
 (c) The Asset Allocation Models are currently
constructed as set forth on Exhibit B hereto. For the avoidance of doubt, the manner in which TAM constructs the 

  
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Asset Allocation Models may be modified by TAM in its sole discretion and TAM will not be required to update the information on Exhibit B; provided that TAM will inform the Companies of
any material modification sufficiently in advance (typically at least 90 days) to permit each Company to amend the prospectus for the relevant Products, if such Company determines that an amendment would be appropriate. 

2. Asset Allocation Program Clients. 
 (a) General. The Companies are not and will not be deemed to be acting as investment advisers or providing investment advice in connection with this Agreement or the Asset Allocation Program. Any
Promotional Materials (as defined below) will clearly state that the Companies are not acting as investment advisers or providing investment advice to the Clients. 
 (b) Enrollment in Asset Allocation Program. The Companies will include in the Promotional Materials (as defined below) (i) a standardized questionnaire to be provided to the Clients,
such questionnaire to be substantially in the form attached hereto as Exhibit C and (ii) a copy of the brochure provided in accordance with Rule 204-3 of the Adviser’s Act substantially in the form found in Part II to TAM’s
Registration Statement on Form ADV (the “TAM Brochure”) (together, the “Client Enrollment Materials”). The Companies will ensure that the Client Enrollment Materials will be provided to Clients and prospective
Clients who own or are considering the purchase of the Products. In order to enroll in the Asset Allocation Program, the Client (or potential Client) must agree to include the entire value of such Client’s contract in the Asset Allocation
Program and must complete and return the questionnaire described in clause (i) above. TAM may modify the Client Enrollment Materials from time to time in its sole discretion. In the event that TAM modifies the Client Enrollment Materials, TAM
shall (i) provide the Companies with 15 days notice of its intention to modify the Enrollment Materials and (ii) within 5 days of providing such notice, provide the Companies with the revised Client Enrollment Materials. Each
Company shall thereafter cease using, and arrange for the disposition of, any pre-modification Client Enrollment Materials in their respective possession, other than such copies as such Company may be required to maintain to meet legal recordkeeping
requirements. 
 (c) Rebalancing. TAM will review the composition of each Asset Allocation Model no less frequently than
each calendar quarter. If TAM, in its sole discretion, determines that any changes should be made, each Client will be notified twenty-one (21) days in advance of any such changes to his/her Asset Allocation Model and, unless such Client
instructs TAM otherwise, either in writing or by telephone authorization by a specified date (generally between three and five business days before the end of the calendar quarter), such Client’s contract value will be automatically rebalanced
in accordance with the revised composition of the applicable Asset Allocation Model. If such Client instructs TAM not to make the change, or any portion thereof, such Client will be withdrawn from the Asset Allocation Program. 

  
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 (d) Proprietary Funds; Conflicts. Funds selected by TAM to be part of an Asset
Allocation Model may be advised or subadvised by TAM or one or more of its affiliates. TAM will disclose the use of affiliated funds in the Asset Allocation Models and any related conflicts to the Clients. In addition, TAM will disclose to the
Clients the fact that the members, employees or officers of TAM or its affiliates, in their individual capacities, may engage in securities transactions that may be different from, and contrary to, transactions engaged in by TAM on behalf of the
Companies and/or the Clients. 
 (e) Voting of Proxies. TAM will not be required to take any action or render any advice
with respect to the voting of proxies solicited by, or with respect to, the issuers of securities in which assets of any Client may be invested from time to time. Nothing in this Agreement will restrict the right of a Client to vote, pledge or
hypothecate such securities. 
 3. Promotional Materials. TAM will develop and make available templates containing existing
specifications of text, layouts and graphic design to be used by the Companies to develop marketing materials relating to the Asset Allocation Program (the “Promotional Materials”), which developed marketing materials will be
submitted by each Company to TAM for prior written approval; provided, that each Company may, without obtaining TAM’s prior written approval, use: (a) developed marketing materials that were previously approved by TAM in
substantially the same format and (b) developed marketing materials so long as such materials do not vary from the templates provided by TAM; and provided further, that the Companies will ensure that the portion of any marketing
materials developed by any outside party or the Companies that describe or refer to a Company or any affiliate of a Company shall be submitted to the relevant Company for its written approval prior to use. The Promotional Materials may include
brochures, manager fact sheets, quarterly model performance reports, model change notices, questionnaires and such other supplemental materials as TAM makes available from time to time. Production costs for the Promotional Materials will be the
responsibility of the Companies. All templates provided by TAM will be designed to comply in all material respects with the laws, rules and regulations of the SEC, any regulatory authority that regulates TAM and the Financial Industry Regulatory
Authority (“FINRA”) applicable to the use of advertising and sales literature by federally registered investment advisers and broker-dealers. However, the Companies (and not TAM) will be solely responsible for ensuring that the
content and use of the Promotional Materials that each develops, as well as any other advertising and promotional materials relating to the services provided under this Agreement that are developed or produced by the Companies, comply with
applicable laws, rules and regulations of any regulatory authority, governmental entity or self-regulatory organization having jurisdiction over the Companies. In addition, each Company will be solely responsible for causing to be made any required
filings of Promotional Material developed by it with FINRA or any other applicable governmental agencies. 

  
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 4. Proprietary Rights; Permitted Use. 

(a) Subject to the terms of this Agreement, TAM grants to each Company a non-exclusive, limited, royalty-free, non-transferable,
non-sublicensable (except as set forth herein) license during the term of this Agreement to use and distribute the Promotional Materials in connection with such Company’s marketing and promotional efforts; provided, however, that such
Company will not remove, and all reproductions of the Promotional Materials include, all copyright, trademark and other proprietary rights notices or informational disclosures included in the templates for the Promotional Materials. Each Company
further agrees that: (i) such Company will be responsible for the acts or omissions of affiliated or unaffiliated third parties with whom such Company has a relationship (an “Agent”) and to whom such Company distributes
the Promotional Materials; and (ii) such Company will ensure that such Agents comply with the terms of this Agreement, including, without limitation, all limitations, obligations and responsibilities that apply to such Company hereunder.
The Companies agree that TAM will have no responsibility for, and makes no representation or warranty with regard to, whether the Agents are authorized and properly licensed, registered or qualified under applicable federal and state securities laws
to provide services relating to the Asset Allocation Program. 
 (b) Each Company agrees that: (i) the Asset
Allocation Program (including, but not limited to, the Asset Allocation Models), the composition thereof, the recommendations implicit therein, the resulting model performance and the information, data and content contained in any Promotional
Materials, including without limitation any modifications or enhancements thereto, provided by TAM are and will remain valuable and proprietary information for TAM and its affiliates and other providers of information provided therein (the
“Providers”), and the Companies have no proprietary interest therein; (ii) such proprietary information was developed by the expenditure of considerable work, time and money by TAM and its affiliates and the Providers;
(iii) such proprietary information is subject to copyright and other proprietary right protection; and (iv) TAM and its affiliates and the Providers retain all proprietary interest therein. Each Company agrees to cooperate
with TAM in protecting the rights described in this Section 4 and will notify TAM in writing if such Company learns of any unauthorized use of the Asset Allocation Program (including, but not limited to, the Asset Allocation Models) or the
Promotional Materials by any third-party. For the avoidance of doubt, each Company acknowledges and agrees that the actual performance results of all Client accounts invested based on the Asset Allocation Program (the “Client
Accounts”) will be the exclusive property of TAM for its exclusive use, both during and after the term of this Agreement. For clarity, this limitation shall not restrict each Company’s ability to advertise or disclose the performance
results of such Company’s sub-accounts under the Products. 

  
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 5. Delegation. 
 (a) Each Company covenants that it will perform or cause to be performed each of the functions delegated to or required of the Company under this Agreement. 

(b) The Companies agree to cooperate with any audits conducted by TAM over Client services that have been delegated to or are required of
the Companies under this Agreement, which audit may include providing certifications regarding such services, upon TAM’s reasonable request. 
 6. Responsibilities of the Parties. The parties agree that TAM’s obligations are limited to those expressly set forth in this Agreement. Without limiting the generality of the foregoing, the
parties agree that: 
 (a) When a Client elects to participate in the Asset Allocation Program, the Companies or the
Client’s financial advisor will assist the Client in completing a standardized investment questionnaire approved by TAM, give the Client the opportunity to impose reasonable restrictions on the management of the Client Account, and match the
Client to an asset allocation model based on the results of the questionnaire. 
 (b) The questionnaire will be used to obtain
information regarding the Client’s investment objectives, financial situation and other factors. 
 (c) The Companies will
recommend that each Client work with a financial advisor during the Client’s participation in the Asset Allocation Program. 
 (d) The Companies or the Client’s financial advisor will respond to the Client upon any contact, review with the Client the Client’s questionnaire, assist the Client in making any necessary
updates to the Client’s responses, and, if updates are required, match the Client to an asset allocation model based on the results of the updated questionnaire. 
 (e) At least quarterly, the Companies will notify each Client in writing to contact the Companies or the Client’s financial advisor if there have been any changes in the Client’s financial
situation or investment objectives, or if the Client wishes to impose any reasonable restrictions on the management of the Client’s account or reasonably modify existing restrictions. 

(f) The Companies will provide each Client with a statement, at least quarterly, containing a description of all activity in the
Client’s Account during the preceding period, including all transactions made on behalf of the Account, all contributions and withdrawals made by the Client, all fees and expenses charged to the Account, and the value of the Account at the
beginning and the end of the period. 

  
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 (g) At least annually, the Companies will contact each Client, by written notice, and such
notice will (i) request that such Client advise the Companies or the Client’s financial advisor of any changes in the Client’s financial situation or investment objectives or whether the Client wishes to impose any reasonable
restrictions on the management of the Client Account or reasonably modify existing restrictions, and (ii) provide the Client with appropriate notice and contact information so that the Client can request, and receive from the Companies,
a TAM Brochure pursuant to Rule 204-3(a) of the Advisers Act. In addition, if a Client seeks to enroll in the Asset Allocation Program within three weeks prior to the end of a calendar quarter, the Companies will provide such Client (prior to such
Client’s enrollment) with information regarding the composition of both the then current Asset Allocation Model selected as well as any changes to the selected model that will become effective on the last day of that calendar quarter.

 (h) As among TAM and each of the Companies, the parties agree that it is the responsibility of TAM or its designee to prepare
for delivery to Clients and their representatives all reports and communications required by applicable law and it is the responsibility of the Companies to deliver all such reports and communications. 

(h) None of the Companies nor TAM will make any written or oral statement or representation regarding the other parties, their
affiliates, the Providers, the Asset Allocation Program (including, but not limited to, the Asset Allocation Models) that adversely affects the good name, good will, image or reputation of the other parties, their affiliates, the Providers, the
Asset Allocation Program or that is false, misleading or in any way inconsistent with the terms of this Agreement. 
 (i) The
Companies will ensure that all records pertaining to any assistance provided to Clients, including completed Client Enrollment Materials and records necessary to evidence delivery of the Promotional Materials, are maintained and will provide such
records to TAM upon its reasonable request. 
 7. Fees. As consideration for the services to be performed by TAM under this Agreement,
each Company will pay TAM an annual fee equal to 0.0375% basis points of its respective Investor Choice Annuity Product assets in the Asset Allocation Program. Such fees will be calculated and paid to TAM monthly, in arrears, within thirty
(30) days after the close of each month beginning the month ending November 30, 2010; each such payment will be accompanied by a statement setting forth the basis for its calculation. On reasonable request, each Company will provide TAM
with a report identifying the number of such Company’s Client Accounts and aggregate amount of assets invested in the Investor Choice Annuity Products as a result of the use of the Asset Allocation Program by such Company or any Agent of such
Company. TAM reserves the right to change the fees payable hereunder, with twelve (12) months prior notice, on and after the fifth anniversary of this agreement, such amended fees to apply to assets in the Asset Allocation Program on policies
issued after the effective date of the change. 

  
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 8. Disclaimers of Warranties; Limitation of Liability. 

(a) THE COMPANIES UNDERSTAND THAT ALL INVESTMENTS INVOLVE RISK (THE AMOUNT OF WHICH MAY VARY SIGNIFICANTLY), THAT PERFORMANCE OF ANY KIND
CAN NEVER BE PREDICTED OR GUARANTEED AND THAT INVESTMENT RECOMMENDATIONS WILL NOT ALWAYS BE PROFITABLE. TAM, ITS AFFILIATES AND PROVIDERS DO NOT GUARANTEE ANY MINIMUM LEVEL OF INVESTMENT PERFORMANCE, THE SUCCESS OF ANY ASSET ALLOCATION PROGRAM, OR
INVESTMENT STRATEGY, OR THAT ANY PARTICULAR INVESTMENT PERFORMANCE TARGETS OR GOALS WILL BE ACHIEVED. 
 (b) TAM, ITS AFFILIATES
AND PROVIDERS DO NOT MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE ASSET ALLOCATION PROGRAM AND SUCH PERSONS HEREBY EXPRESSLY DISCLAIM THE IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE OR USE. TAM, ITS AFFILIATES AND PROVIDERS DO NOT MAKE ANY WARRANTY THAT THE ASSET ALLOCATION PROGRAM AND THE PROMOTIONAL MATERIALS WILL BE ERROR-FREE AND TAM, ITS AFFILIATES AND PROVIDERS WILL HAVE NO LIABILITY FOR THE ACCURACY OF
THE INFORMATION CONTAINED THEREIN OR FOR ANY ERRORS OR OMISSIONS ASSOCIATED THEREWITH. 
 (c) Except as otherwise provided by
law or as specifically provided in Section 9(a), TAM, its affiliates, partners, officers, members, employees or the legal representatives of any of them (together, the “TAM Indemnified Persons”), will not be liable for any:
(i) mistakes of judgment or action or inaction with respect to this Agreement and the transactions contemplated hereby or losses, including investment losses, due to such mistakes, action or inaction so long as said person acted honestly
and in good faith and reasonably believed that his/her conduct was in the best interests of the Companies or any Client (ii) losses or damages, including investment losses, resulting from the acts or omissions of the Companies, their
agents or any Client; or (iii) indirect, incidental, special, punitive, consequential or exemplary damages, such as, but not limited to, loss of anticipated profits or benefits, resulting from the use of the Asset Allocation Program, the
Promotional Materials or any component thereof. In the event that liability is nevertheless imposed on TAM, its affiliates or Providers, the cumulative liability of such persons will not exceed the aggregate fees paid or payable by the Companies to
TAM within the prior twelve (12) month period. 
 (d) Notwithstanding the foregoing, the federal securities laws impose
liabilities under certain circumstances on persons who act in good faith, and therefore nothing in this Agreement will waive or limit any rights that the Companies may have under these laws. 

  
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 9. Indemnification. 
 (a) TAM will indemnify and hold harmless the Companies and their respective affiliates, officers, directors and employees (together, the “Company Indemnified Persons”) from and against
any claim by a third party and any related loss, liability, damage, cost or expense (including, without limitation, reasonable attorneys’ fees) (collectively, the “Losses”) resulting from any breach by TAM of this Agreement or
any representation, warranty or covenant contained herein. 
 (b) Each Company, severally and not jointly, will indemnify and
hold harmless TAM and the TAM Indemnified Persons from and against any Losses resulting from any breach by such Company of this Agreement or any representation, warranty or covenant contained herein. 

10. Representations and Warranties of the Parties. TAM and each Company hereby represents and warrants with respect to itself as follows:

 (a) such party is duly organized, validly existing and in good standing under the laws of the state in which it is
incorporated or formed, and has the power and authority to carry on its business as now being conducted; 
 (b) this Agreement
has been duly executed and delivered on behalf of such party and is a legal, valid and binding obligation of such party, enforceable in accordance with its terms; and 
 (c) it shall carry out its obligations under this Agreement in compliance in all material respects with applicable laws, rules and regulations, including without limitation applicable provisions of the
federal securities laws. 
 11. Representations and Warranties of TAM. TAM further represents and warrants to each Company as follows:

 (a) TAM and all persons associated with or employed by TAM who are involved in the use or distribution of the Asset
Allocation Program satisfy, and during the term of this Agreement will continue to satisfy, all registration, licensing and qualification requirements required by applicable laws, rules and regulations of any regulatory authority, governmental
entity or self-regulatory organization having jurisdiction over TAM; 
 (b) TAM and all persons associated with or employed by
TAM who are involved in the use or distribution of the Asset Allocation Program have the requisite sophistication, expertise and investment knowledge to use the Asset Allocation Program; 

  
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 (c) TAM will not knowingly enter into any transaction with regard to Retirement Clients that
would result in a non-exempt transaction prohibited under Section 406 of ERISA or on which an excise tax would be payable under Section 4975 of the Code; 
 (d) TAM is, and during the term of this Agreement will remain, registered with the SEC pursuant to the Advisers Act; 
 (e) TAM will promptly notify the Companies upon (i) any change of its status as a registered investment adviser under the Advisers Act, (ii) the receipt of formal notice of the
commencement of any proceeding by any governmental agency to take any action which would change its registration status under the Advisers Act, (iii) notice by any governmental agency of the intent to place material limitations on the
activities of TAM, (iv) notice by any governmental agency that it intends to begin an investigation of TAM that is outside of the scope of routine investigations that such agency conducts from time to time of businesses engaged in the
same or similar activities as TAM, (v) notice by any governmental agency in the course of any investigation of TAM that it has identified an area of non-compliance or other concern that has a material effect on this Agreement or the
services rendered hereunder, or that non-compliance or concern would otherwise be reasonably expected to have a material effect on this Agreement, any party to this Agreement or their rights and obligations hereunder, or (vi) any
material change to any aspect of its business that would require disclosure pursuant to Rule 206(4)-4 under the Advisers Act; and 
 (f) TAM has provided, and during the term of this Agreement will prepare for delivery, all necessary documentation to the Clients in accordance with Rule 204-3 of the Advisers Act. 

12. Representations and Warranties of the Companies. The Companies further represent and warrant to TAM as follows: 

(a) The Companies and all persons associated with or employed by them who are involved in the use or distribution of the Asset Allocation
Program satisfy, and during the term of this Agreement will continue to satisfy, all registration, licensing and qualification requirements required by applicable laws, rules and regulations of any regulatory authority, governmental entity or
self-regulatory organization having jurisdiction over the Companies; 
 (b) The Companies and all persons associated with or
employed by them who are involved in the use or distribution of the Asset Allocation Program have the requisite sophistication, expertise and investment knowledge to use the Asset Allocation Program; and 

  
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 (c) The Companies will not knowingly enter into any transaction with regard to Retirement
Clients that would result in a non-exempt transaction prohibited under Section 406 of ERISA or on which an excise tax would be payable under Section 4975 of the Code; 
 13. Confidential Information. 
 (a) Each party acknowledges that in
connection with the performance of its obligations under this Agreement it may have access to confidential and proprietary information of the other party (“Confidential Information”). Confidential Information may include, but is not
limited to, trade secrets, data, know-how, “nonpublic personal information” (as defined in SEC Regulation S-P) concerning the Clients, the Asset Allocation Models, the Asset Allocation Program and the recommendations implicit therein, the
Promotional Materials, accounting data, statistical data, financial data or projections, forecasts, business practices or policies, research projects, reports, development and marketing plans, strategies, or other business information that is not
generally known or available to the public. The term “Confidential Information” does not include information that: (i) is or becomes generally available to the public other than as a result of an improper disclosure by the
disclosing party, (ii) was rightfully available to the parties on a non-confidential basis before its disclosure by a party hereto, or (iii) becomes available to the parties on a non-confidential basis from a source other
than the other parties hereto, provided that such source is not prohibited from transmitting the information by a contractual, legal or fiduciary obligation. 
 (b) Except to the extent necessary to perform its obligations under this Agreement (or, in the case of the Promotional Materials, as otherwise provided in this Agreement), no party may disclose or use any
of the other parties’ Confidential Information. Each party will maintain the confidentiality of the other parties’ Confidential Information in its possession or control by applying measures at least as stringent as those used in its
operations in that regard. Each party will limit the disclosure of the other parties’ Confidential Information to those of its employees and agents with a need to know such Confidential Information for purposes of this Agreement. Each party
will use reasonable care to prevent its employees and agents (including, but not limited to, the Agents) from violating the foregoing restrictions. Notwithstanding the above, Confidential Information may be disclosed to the extent required by law or
by an order or decree of any court or other governmental authority; provided, however, that each party will, if legally compelled to disclose such information: (i) unless such notice is prohibited by applicable law or the
governmental agency making such request has requested that notice not be provided, provide the other parties with prompt written notice of that fact so that the parties may attempt to obtain a protective order or other appropriate remedy and/or
waive compliance with the provisions of this Section 11; (ii) disclose only that portion of the information that such party’s legal 

  
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counsel advises is legally required; and (iii) endeavor to obtain assurance that confidential treatment will be accorded the information so disclosed. 

(c) On written request or on the termination of this Agreement, each party will return to the other parties, or destroy, all Confidential
Information in such party’s possession or control, provided that each party may retain a single archival copy of any document or information that such party is obligated to maintain under record keeping requirements to which it is
subject under applicable law, but for only so long as such records are required to be maintained. 
 14. Use of Marks. Each party will
not use the trademarks, service marks, logos, names or any other proprietary designations of the other parties or any of their affiliates (the “Marks”) without the other party’s prior written approval. The Companies will submit
for prior written approval any advertising or promotional material using the Marks; provided, however, that the Companies can, without obtaining TAM’s prior written approval, use: (a) the Marks in advertising or promotional
materials that were previously approved in substantially the same form; and (b) the Marks in any Promotional Materials developed from templates provided by TAM so long as such Promotional Materials do not vary from the templates provided
by TAM. Prior to use, TAM will submit for written approval any advertising or promotional material using the Companies’ names or the names of any affiliate of the Companies. 
 15. Term; Termination; Survival. 
 (a) Term. This Agreement will
remain in effect until terminated by either party as provided herein. 
 (b) Termination. This Agreement is subject to
termination, without penalty, under any of the following circumstances: (i) termination by the Companies if TAM becomes insolvent in the reasonable judgment of the Companies or declares bankruptcy, (ii) termination by TAM if
the Companies become insolvent in the reasonable judgment of TAM or declare bankruptcy, (iii) termination by the Companies at any time, upon sixty (60) days written notice, in the event of TAM’s material breach, willful
misconduct, bad faith or gross negligence in the performance of its duties hereunder, or by reason of TAM’s disregard of its obligations and duties hereunder, or if, in the Companies’ reasonable judgment, TAM’s professional reputation
is materially damaged as a result of wrongdoing or alleged wrongdoing by TAM’s directors, officers or employees in any matter unrelated to this Agreement, unless TAM cures the breach or other problem prior to expiration of the thirty
(30) day notice period; (iv) termination by TAM at any time, upon sixty (60) days written notice, in the event of the Companies’ material breach, willful misconduct, bad faith or gross negligence in the performance of
their duties hereunder, or by reason of the Companies’ disregard of their obligations and duties hereunder, or if, in TAM’s reasonable judgment, the Companies’ professional reputations are materially damaged as a result of wrongdoing
or alleged wrongdoing by such 

  
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Companies’ directors, officers or employees in any matter unrelated to this Agreement, unless the Companies cure the breach or other problem prior to expiration of the sixty (60) day
notice period; (v) TAM ceases to be registered as an investment adviser under the Advisers Act; (vi) TAM or any of its officers, directors or employees (1) becomes the subject of any enforcement proceeding by the
SEC relating to the Asset Allocation Program or (2) is indicted for or otherwise formally charged with a felony; or (vii) upon written consent of all parties to this agreement. 

(c) Survival. The provisions of this Section and Sections 7, 8, 9, 13, and 17 will survive the termination of this Agreement.

 16. Notices. All notices and other written communications specified herein will be in writing and will be: (a) personally
delivered, (b) transmitted by first class mail, postage prepaid, (c) transmitted by an overnight courier service (proof of delivery requested) or (d) transmitted by fax (with confirmation by first class mail,
postage prepaid) to the parties at the following address or such other address as the parties from time to time may specify in writing: 
 (a) if to the Companies, to: 
 Transamerica Capital Management 

4333 Edgewood Rd NE 
 Cedar Rapids, IA, 52499 
 Attention: Frank A. Camp 

Fax: 319-355-4558 

(b) if to TAM, to: 
 Transamerica Asset Management, Inc. 
 570 Carillon Parkway 

Attention: Christopher A. Staples 
 Fax: 727-299-1832 
 All such notices, requests, demands, waivers and
communications will be deemed to have been given on the date of personal receipt or proven delivery. 
 17. Miscellaneous. 

(a) Investment Advisers Act of 1940. If the offering of the Asset Allocation Program to the Clients would require that a Company
become a registered investment adviser pursuant to the Advisers Act, the parties agree to (i) restructure the Asset Allocation Program on mutually agreeable terms so that such registration would not be required or
(ii) terminate this Agreement. 

  
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 (b) Entire Agreement. This Agreement and the Master Distribution Agreement (including
the exhibits hereto and thereto) constitute the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral and written, among the parties hereto with respect to the subject matter hereof. 

(c) Third Party Beneficiaries. This Agreement will inure to the benefit of and be binding upon the parties hereto and their
respective successors and assigns, and nothing in this Agreement, express or implied, is intended to confer on any person other than the parties hereto, or their respective successors and assigns, any rights, remedies, obligations or liabilities
under or by reason of this Agreement. 
 (d) Assignments. No party hereto may assign (within the meaning of the Advisers
Act) this Agreement or any of its rights hereunder or delegate any of its obligations hereunder without the express prior written consent of the other parties hereto. Any purported assignment in violation of this Section 16(d) will be void.

 (e) Amendment and Modification; Waiver. Subject to applicable Law, this Agreement may be amended, modified or
supplemented only by a written instrument authorized and executed on behalf of each of the parties hereto. No waiver by any party of any of the provisions hereof will be effective unless explicitly set forth in writing and executed by the party so
waiving. The waiver by any party hereto of a breach of any provision of this Agreement will not operate or be construed as a waiver of any other or subsequent breach. 
 (f) Severability. Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable Law, but if any
provision or portion of any provision of this Agreement or the application thereof under certain circumstances is held to be invalid, illegal or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement will remain
in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable. Upon such determination that any term or other
provision is invalid, illegal or unenforceable, the parties will negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions
contemplated hereby are consummated as originally contemplated to the greatest extent possible. 
 (g) Section Headings.
The section headings contained in this Agreement are inserted for reference purposes only and will not affect the meaning or interpretation of this Agreement. 
 (h) Interpretation. Unless the context requires otherwise, all words used in this Agreement in the singular number will extend to and include the plural, all words in the plural number will extend
to and include the singular, and all words in any gender 

  
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will extend to and include all genders. The words “include”, “includes” and “including” will be deemed to be followed by the phrase “without limitation”
whether or not they are in fact followed by such words or words of like import. When a reference is made in this Agreement to an Article, Section, subsection or Exhibit, such reference will be to an Article of, a Section of, a subsection of, or an
Exhibit to, this Agreement unless otherwise indicated. The phrases “the date of this Agreement”, “the date hereof” and terms of similar import, will be deemed to refer to the date set forth in the first paragraph of this
Agreement. The words “hereof”, “herein”, “hereby” and other words of similar import refer to this Agreement as a whole unless otherwise indicated. Whenever the last day for the exercise of any right or the discharge of
any duty under this Agreement falls on other than a Business Day, the party having such right or duty will have until the next Business Day to exercise such right or discharge such duty. Unless otherwise indicated, the word “day” will be
interpreted as a calendar day. 
 (i) Counterparts. This Agreement may be executed in any number of counterparts, each of
which will be deemed to be an original, and all of which together will be deemed to be one and the same instrument, it being understood that the parties need not sign the same counterpart. 

(j) Facsimile; Electronic Transmission. This Agreement, to the extent signed and delivered by means of facsimile or other
electronic transmission, will be treated in all manner and respects as an original agreement or instrument and will be considered to have the same binding effect as if it were the original signed version thereof delivered in person. No party hereto
will claim that this Agreement is invalid, not binding or unenforceable based upon the use of facsimile or other electronic transmission to deliver a signature, or the fact that any signature or agreement or instrument was transmitted or
communicated through the use of facsimile or other electronic transmission, and each such party forever waives any such claim or defense. 
 (k) Arbitration. 
 i. Any and all disputes arising under
this Agreement shall be settled by arbitration by three arbitrators in Iowa or such other place as may be mutually agreed upon by the parties to this Agreement, under the then current rules of the American Arbitration Association, and judgment may
be entered upon the award in any court of competent jurisdiction. 
 ii. The determination of the arbitrators
shall be final and binding on the parties to this Agreement to the extent that the arbitrators do not exceed their statutory authority. The costs of arbitration shall be equally borne by the Companies and TAM, provided, however, that the arbitrators
may assess one party more heavily than the other for these costs upon a finding that the party did not make a good faith effort to settle the dispute informally when it first arose. 

  
 14 

 (l) Governing Law. This Agreement will be governed by the laws of the State of Iowa
without giving effect to its principles or rules of conflict of laws to the extent such principles or rules are not mandatorily applicable by statute and would require or permit the application of the laws of another jurisdiction. 

(m) Fiduciary and Legal Obligations. Notwithstanding any provision of this Agreement to the contrary, the obligations of each
party hereunder are subject to such party’s fiduciary and regulatory obligations and applicable law, as may be in effect from time to time, including in the case of any party’s obligations to seek to cause any other person to take any
action hereunder, such other person’s fiduciary and regulatory obligations and applicable law. 
 (n) Independent
Contractor; Other Activities. In performing obligations under this Agreement, each party will be an independent contractor (rather than an employee, agent, or representative) of the other parties, and will have no authority to act for or bind
the other parties. This Agreement will not be construed as creating a joint venture, partnership, franchise, or agency relationship between the parties. TAM and its members, employees, officers and affiliates may engage, simultaneously with their
investment advisory activities on behalf of the Companies, in other businesses, and, unless prohibited by the Master Distribution Agreement, may render services similar to those described in this Agreement for other individuals, partnerships, trusts
or persons, and will not by reason of such engagement or rendering of services for others be deemed acting in conflict with the interests of the Companies. Notwithstanding the foregoing, TAM will devote sufficient time to the monitoring of the
Clients’ assets as it, in its sole good faith discretion, determines to be necessary for the conduct of the business of the Companies and the Clients. 

  
 15 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the
date first above written. 
  

			
	TRANSAMERICA ASSET MANAGEMENT, INC.
		
	By:	 	
 

	Name:	 	Christopher A. Staples
	Title:	 	Senior Vice President - Investment
	Management and Chief Investment Officer
	
	TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY
		
	By:	 	
 

	Name:	 	Rob Frederick
	Title	 	Sr. Vice President
	
	TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY OF NEW YORK
		
	By:	 	
 

	Name:	 	Rob Frederick
	Title:	 	Sr. Vice President

  
 16 

 EXHIBIT A-1 
  

	•	 	 Conservative 

  

	•	 	 Moderately Conservative 

  

	•	 	 Moderate 

  

	•	 	 Moderately Aggressive 

  

	•	 	 Aggressive 

  

	•	 	 All Equity Plus 

  
 17 

 EXHIBIT A-2 
 Variable Annuities 
  

	1.	Investor Choice – Investor Series (TALIC) 

	2.	Investor Choice – Investor Series (TALNY) 

	3.	Investor Choice – IRA Series (TALIC) 

	4.	Investor Choice – IRA Series (TALNY) 

	5.	IRA Annuity (TALIC) 

	6.	IRA Annuity (TALNY) 

	7.	Retirement Power (TALIC) 

	8.	Retirement Power (TALNY) 

	9.	Retirement Optimizer (TALIC) 

	10.	Retirement Optimizer (TALNY) 

  
 18 

 EXHIBIT B 
 Each asset allocation model offered under the Asset Allocation Program is based on guidance derived from research from the Merrill Lynch Global Private Client Research Investment Committee (“Research
Investment Committee”). The Research Investment Committee regularly reviews input from the firm’s macroeconomic research specialists and formulates separate asset allocation guidelines for each of the six investor profiles. The guidelines
cover allocations to different asset classes, including U.S. stocks, non-U.S. stocks, bonds, cash and alternative investments. A further breakdown covers allocation of the U.S. stock portion by investment style. The models that are implemented at
the beginning of each calendar quarter are based on research published by the Research Investment Committee approximately seven weeks prior thereto. 
 TAM constructs each model for each investor profile using the funds available through the variable annuity contract. TAM monitors the available funds on a continuing basis to identify those with desirable
characteristics. For funds that hold investments under the Asset Allocation Program (the “Program”), the following factors are considered under the TAM monitoring program: 

 

	 	•	 	 Investment philosophy and style 

  

	 	•	 	 Strength and experience of investment team 

  

	 	•	 	 Quality and reputation of the investment firm 

  

	 	•	 	 Market sensitivity and risk level 

  

	 	•	 	 Risk-adjusted relative performance 

 For all other funds that are available for investment under the Program, TAM will periodically screen such funds to determine each fund’s appropriateness as underlying investments under the Program.

 TAM uses a variety of analytical tools and information sources in its ongoing assessments of the fund choices, including direct contacts with
the investment firms and their portfolio managers, as appropriate. Based on such research, TAM selects the funds and determines the appropriate percentages thereof, that it feels best meet the requirements of each asset allocation model. 

Inclusion in an asset allocation model does not indicate that a particular fund is superior to another fund not included in the model. 

  
 19 

 EXHIBIT C 
 FORM QUESTIONNAIRE 

  
 20Indenture, dated as of June 10, 2009

 Exhibit 4.1 
 EXECUTION VERSION 
 NEW CARCO ACQUISITION LLC, 

Issuer 
 and

 U.S. BANK NATIONAL ASSOCIATION, 
 Trustee 
 INDENTURE 

Dated as of June 10, 2009 
 $4,587,000,000 NOTES DUE 2023 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	 	1	  
	Section 1.01	  	Certain Terms Defined	  	 	1	  
	Section 1.02	  	Compliance Certificates and Opinions	  	 	19	  
	Section 1.03	  	Form of Documents Delivered to Trustee	  	 	20	  
	Section 1.04	  	Acts of Holders	  	 	20	  
	Section 1.05	  	Effect of Headings and Table of Contents	  	 	21	  
	Section 1.06	  	Separability Clause	  	 	21	  
	Section 1.07	  	Benefits of Indenture	  	 	21	  
	Section 1.08	  	Legal Holidays	  	 	21	  
	ARTICLE II SECURITY FORMS	  	 	21	  
	Section 2.01	  	Forms Generally	  	 	21	  
	Section 2.02	  	Securities Issuable in the Form of a Global Security	  	 	22	  
	ARTICLE III THE SECURITIES	  	 	23	  
	Section 3.01	  	Terms	  	 	23	  
	Section 3.02	  	Denominations	  	 	25	  
	Section 3.03	  	Execution, Authentication, Delivery and Dating	  	 	25	  
	Section 3.04	  	Temporary Securities	  	 	26	  
	Section 3.05	  	Registration; Registration of Transfer and Exchange	  	 	26	  
	Section 3.06	  	Mutilated, Destroyed, Lost or Stolen Securities	  	 	30	  
	Section 3.07	  	Persons Deemed Owners	  	 	30	  
	Section 3.08	  	Cancellation	  	 	31	  
	ARTICLE IV SATISFACTION AND DISCHARGE	  	 	31	  
	Section 4.01	  	Satisfaction and Discharge of Indenture	  	 	31	  
	Section 4.02	  	Application of Trust Money	  	 	32	  
	Section 4.03	  	Repayment of Moneys Held by Paying Agent	  	 	32	  
	Section 4.04	  	Repayment of Moneys Held by Trustee	  	 	32	  
	ARTICLE V REMEDIES	  	 	33	  
	Section 5.01	  	Events of Default	  	 	33	  
	Section 5.02	  	Acceleration of Maturity; Rescission and Annulment	  	 	34	  

  
 -i-

							
	 	  	 	  	Page	 
	 Section 5.03
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	34	  
	 Section 5.04
	  	Trustee May File Proofs of Claim	  	 	35	  
	 Section 5.05
	  	Trustee May Enforce Claims Without Possession of Securities	  	 	36	  
	 Section 5.06
	  	Application of Money Collected	  	 	36	  
	 Section 5.07
	  	Limitation on Suits	  	 	36	  
	 Section 5.08
	  	Unconditional Right of Holders to Receive Amortization Payments	  	 	37	  
	 Section 5.09
	  	Restoration of Rights and Remedies	  	 	37	  
	 Section 5.10
	  	Rights and Remedies Cumulative	  	 	37	  
	 Section 5.11
	  	Delay or Omission Not Waiver	  	 	37	  
	 Section 5.12
	  	Control by Holders	  	 	37	  
	 Section 5.13
	  	Waiver of Past Defaults	  	 	38	  
	 Section 5.14
	  	Undertaking for Costs	  	 	38	  
	 ARTICLE VI THE TRUSTEE
	  	 	39	  
	 Section 6.01
	  	Duties of Trustee	  	 	39	  
	 Section 6.02
	  	Notice of Defaults	  	 	40	  
	 Section 6.03
	  	Certain Rights of Trustee	  	 	40	  
	 Section 6.04
	  	Trustee Not Responsible for Recitals in Indenture or in Securities	  	 	42	  
	 Section 6.05
	  	May Hold Securities	  	 	42	  
	 Section 6.06
	  	Money Held in Trust	  	 	42	  
	 Section 6.07
	  	Compensation and Reimbursement	  	 	43	  
	 Section 6.08
	  	Corporate Trustee Required; Eligibility	  	 	43	  
	 Section 6.09
	  	Resignation and Removal; Appointment of Successor	  	 	43	  
	 Section 6.10
	  	Acceptance of Appointment by Successor	  	 	45	  
	 Section 6.11
	  	Merger, Conversion, Consolidation or Succession to Business	  	 	45	  
	 ARTICLE VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	 	46	  
	 Section 7.01
	  	Names and Addresses of Holders	  	 	46	  
	 Section 7.02
	  	Reports by Trustee	  	 	46	  
	 Section 7.03
	  	Reports by Company	  	 	46	  
	 ARTICLE VIII CONSOLIDATION, MERGER, SALE OR CONVEYANCE
	  	 	48	  
	 Section 8.01
	  	Consolidations and Mergers of Company and Conveyances Permitted Subject to Certain Conditions	  	 	48	  
	 Section 8.02
	  	Rights and Duties of Successor Corporation	  	 	48	  
	 Section 8.03
	  	Officer’s Certificate and Opinion of Counsel	  	 	48	  

  
 -ii-

							
	 	  	 	  	Page	 
	 ARTICLE IX SUPPLEMENTAL INDENTURES
	  	 	49	  
	 Section 9.01
	  	Supplemental Indentures Without Consent of Holders	  	 	49	  
	 Section 9.02
	  	Supplemental Indentures With Consent of Holders	  	 	50	  
	 Section 9.03
	  	Execution of Supplemental Indentures	  	 	51	  
	 Section 9.04
	  	Effect of Supplemental Indentures	  	 	51	  
	 Section 9.05
	  	Reference in Securities to Supplemental Indentures	  	 	51	  
	 ARTICLE X PARTICULAR COVENANTS OF THE COMPANY
	  	 	51	  
	 Section 10.01
	  	Payment of Amortization Payments	  	 	51	  
	 Section 10.02
	  	Maintenance of Office or Agency	  	 	52	  
	 Section 10.03
	  	Money for Securities Amortization Payments or Prepayments to be Held in Trust	  	 	52	  
	 Section 10.04
	  	Anti-Layering	  	 	53	  
	 Section 10.05
	  	Limitation on Subsidiary Debt Incurrence	  	 	53	  
	 Section 10.06
	  	Further Instruments and Acts	  	 	53	  
	 ARTICLE XI PREPAYMENT
	  	 	53	  
	 Section 11.01
	  	Applicability of Article	  	 	53	  
	 Section 11.02
	  	Election to Repay; Notice to Trustee	  	 	53	  
	 Section 11.03
	  	Application of Prepayment	  	 	54	  
	 Section 11.04
	  	Notice of Prepayment	  	 	54	  
	 Section 11.05
	  	Deposit of Prepayment Amount	  	 	54	  
	 ARTICLE XII DEFEASANCE AND COVENANT DEFEASANCE
	  	 	54	  
	 Section 12.01
	  	Company’s Option to Effect Defeasance or Covenant Defeasance	  	 	54	  
	 Section 12.02
	  	Defeasance and Discharge	  	 	54	  
	 Section 12.03
	  	Covenant Defeasance	  	 	55	  
	 Section 12.04
	  	Conditions to Defeasance or Covenant Defeasance	  	 	55	  
	 Section 12.05
	  	Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions	  	 	57	  
	 Section 12.06
	  	Reinstatement	  	 	57	  
	 ARTICLE XIII IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS, DIRECTORS AND EMPLOYEES
	  	 	57	  
	 Section 13.01
	  	Exemption from Individual Liability	  	 	57	  
	 ARTICLE XIV MISCELLANEOUS PROVISIONS
	  	 	58	  
	 Section 14.01
	  	Successors and Assigns of Company Bound by Indenture	  	 	58	  

  
 -iii-

							
	 	  	 	  	Page	 
	 Section 14.02
	  	Acts of Board, Committee or Officer of Successor Corporation Valid	  	 	58	  
	 Section 14.03
	  	Required Notices or Demands	  	 	58	  
	 Section 14.04
	  	Indenture and Securities to be Construed in Accordance with the Laws of the State of New York	  	 	59	  
	 Section 14.05
	  	Waiver of Right to Trial by Jury	  	 	59	  
	 Section 14.06
	  	Indenture May be Executed in Counterparts	  	 	59	  

  

							
	 Exhibit A
	  	Form of Security	  			
			
	 Schedule 1.01(a)
	  	Auburn Hills Property	  			
	 Schedule 1.01(b)
	  	Other Permitted Indebtedness	  			

  
 -iv-

 INDENTURE, dated as of the 8th day of June, 2009, among NEW CARCO ACQUISITION LLC, a limited
liability company duly organized and existing under the laws of the State of Delaware (hereinafter sometimes called the “Company”) having its principal office at 1000 Chrysler Drive, Auburn Hills, Michigan 48326, and U.S. BANK
NATIONAL ASSOCIATION, a national banking association, as Trustee (hereinafter sometimes called the “Trustee”). 

RECITALS OF THE COMPANY 
 WHEREAS, for its lawful corporate purposes, the Company deems it necessary to issue its securities and has duly authorized the execution and delivery of this Indenture to provide for the issuance of its
senior unsecured notes due 2023 (herein called the “Securities”); and 
 WHEREAS, all things necessary to
constitute these presents a valid indenture and agreement according to its terms have been done and performed by the Company, and the execution of this Indenture has in all respects been duly authorized by the Company, and the Company, in the
exercise of legal right and power in it vested, executes this Indenture. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 That in order to declare the terms and conditions upon which the Securities are made, executed, authenticated, issued and
delivered, the Company and the Trustee covenant and agree with each other, for the equal and proportionate benefit of the respective Holders from time to time of the Securities, as follows: 

ARTICLE I 

DEFINITIONS AND OTHER 
 PROVISIONS OF GENERAL APPLICATION 
 Section 1.01 Certain Terms
Defined. The terms defined in this Section 1.01 (except as herein otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective
meanings specified in this Section 1.01. 
 ABS Subsidiaries: a direct or indirect Subsidiary of the Company that
enters into asset-backed securities transactions with respect to vehicle leases originated under the Gold Key Lease Program or any other similar program. 
 Accounting Principles: means generally accepted accounting principles in the United States as in effect from time to time; provided, that if the Company elects to use international financial
reporting standards to prepare its financial statements the Accounting Principles shall be international financial reporting standards as in effect from time to time. 
 Act: The term “Act”, when used with respect to any Holder, shall have the meaning specified in Section 1.04. 

  

 Affiliate; Control: The term “Affiliate” of any specified Person
shall mean any other Person directly, or indirectly through one or more intermediaries, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition,
“control” when used with respect to any specified Person shall mean the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise; and the terms “controlling” and “controlled” shall have meanings correlative to the foregoing. For the avoidance of doubt, the International Union, United Automobile, Aerospace and Agricultural Implement
Workers of America and its Affiliates shall be deemed to be Affiliates of the New VEBA. 
 Amortization Payment: The term
“Amortization Payment” shall have the meaning specified in Section 3.01. 
 Amortization Payment
Date: The term “Amortization Payment Date” shall have the meaning specified in Section 3.01. 

Applicable Procedures: The term “Applicable Procedures” means, with respect to any transfer, Prepayment or
exchange of or for beneficial interests in any Global Security, the rules and procedures of the Depository that apply to such transfer, Prepayment or exchange. 
 Attributable Obligations: in respect of a Sale/Leaseback Transaction means, as at the time of determination, the present value (discounted at the interest rate implicit in the transaction) of the
total obligations of the lessee for rental payments required to be paid during the remaining term of the lease included in such Sale/Leaseback Transaction (including any period for which such lease has been extended), determined in accordance with
the Accounting Principles; provided, however, that if such Sale/Leaseback Transaction results in a Capital Lease Obligation, the amount of Indebtedness represented thereby shall be determined in accordance with the definition of
“Capital Lease Obligations.” 
 Auburn Hills Property: the real property described on Schedule 1.01(a), which
is the Company’s chief executive office. 
 Authorized Newspaper: The term “Authorized Newspaper”
shall mean a newspaper printed in the English language and customarily published at least once a day on each business day in each calendar week and of general circulation in the Borough of Manhattan, the City and State of New York, whether or not
such newspaper is published on Saturdays, Sundays and legal holidays. 
 Authorized Officer: The term “Authorized
Officer” shall mean, with respect to the Company, the chief executive officer, president, vice president, chief accounting officer, chief financial officer, treasurer, assistant treasurer or controller, secretary or assistant secretary, or,
in each case, any individual with a substantially equivalent title. 
 Auto Supplier Support Credit Agreement: Credit
Agreement dated as of April 7, 2009 between the Auto Supplier Support SPV, as borrower, and the United States Department of the Treasury. 

  
 -2-

 Auto Supplier Support SPV: Chrysler Receivables SPV, LLC. 

Bankruptcy Code: The term “Bankruptcy Code” shall mean the United States Bankruptcy Code (11 U.S.C. § 101,
et seq.), as amended, and any successor statute. 
 Board of Directors: The term “Board of
Directors” or “Board”, when used with reference to the Company, shall mean the board of managers (or the equivalent) of the Company or any committee or designee of such board duly authorized to act with respect hereto.

 Board Resolution: The term “Board Resolution”, when used with reference to the Company, shall mean a
copy of a resolution certified by the secretary or assistant secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification and delivered to the Trustee. 

business day: The term “business day” shall mean any day other than a Saturday or Sunday and other than a day on
which banking institutions in New York, New York are authorized or obligated by law or regulation to close. 
 Canadian
Facility Agreement: the Amended and Restated Loan Agreement, dated as of June 10, 2009, by and among Chrysler Canada, as borrower, certain of its subsidiaries party thereto, and the Canadian Lender, as lender. 

Canadian Lender: the Export Development Canada, a corporation established pursuant to the laws of Canada, and its successors and
assigns. 
 Canadian VEBA Notes: unsecured Indebtedness of Chrysler Canada or its Subsidiaries, to be issued to an
independent Health Care Trust of Chrysler Canada or its Subsidiaries, in the aggregate original principal amount of up to CAD$1,150,000,000. 
 Canadian Warranty General Partner: 2204860 Ontario Inc. 
 Canadian
Warranty SPV: CCI Warranty LP, an Ontario limited partnership of which the Canadian Warranty General Partner is the general partner and the Borrower is the limited partner. 

Canadian Warranty Support Program: the program established by the Canadian Lender to ensure that the limited warranty obligations
of Chrysler Canada Inc. and its Subsidiaries with respect to vehicles sold in Canada from April 7, 2009 through July 31, 2009 are honored, as more fully described in the Administration Agreement, dated as of May 27, 2009, among
Canadian Warranty SPV, Chrysler Canada Inc., the Canadian Lender, and Home Trust Company, a Canadian Trust company, as trustee of the Canadian Warranty SPV. 
 Capital Lease Obligations: as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal
property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under Accounting Principles and, for the purposes of these Securities, the amount of such
obligations at any time shall be the capitalized amount thereof at such time determined in accordance with Accounting Principles. 

  
 -3-

 Capital Stock: The term “Capital Stock” shall mean any and all
shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation or an individual) and any and all warrants, rights or
options to purchase any of the foregoing. 
 Cash or cash: The terms “Cash” or “cash”
shall mean such coin or currency of the United States as at any time of payment is legal tender for the payment of public and private debts. 
 Cash Equivalents: means (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States or Canadian government or issued by any agency thereof and backed by
the full faith and credit of the United States or Canada, in each case maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits, demand deposits, eurodollar time deposits or overnight bank deposits
having maturities of twelve (12) months or less from the date of acquisition issued by any commercial bank organized under the laws of the United States or Canada or any state thereof having combined capital and surplus of not less than
$500,000,000; (c) commercial paper of an issuer rated at least “A-1” by S&P or “P-1” by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency in the United States or Canada, if both of
the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within thirteen months from the date of acquisition; (d) repurchase obligations of any bank satisfying the requirements of clause
(b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the United States government; (e) repurchase obligations of a broker-dealer that is (i) on the list of
primary dealers maintained by the Federal Reserve Bank of New York, as amended from time to time, and (ii) is affiliated with a bank satisfying the requirements of clause (b), having a term of not more than 30 days, with respect to securities
issued or fully guaranteed or insured by the United States government; (f) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, province, commonwealth or territory of the United
States or Canada, by any political subdivision or taxing authority of any such state, province, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority
or foreign government (as the case may be) are rated at least “A” by S&P or “A” by Moody’s or equivalent rating; (g) securities with maturities of six months or less from the date of acquisition backed by standby
letters of credit issued by any commercial bank satisfying the requirements of clause (b) of this definition; (h) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of
1940, (ii) are rated “AAA” by S&P and “Aaa” by Moody’s and (iii) have portfolio assets of at least $5,000,000,000; and (i) investments in any foreign equivalents of the securities or other instruments
described in clauses (a) through (h) above, provided that such investments may be made in countries which have a country rating of less than “A” by nationally recognized rating agencies through an in-country bank or trust
company which has combined capital and surplus of not less than $500,000,000 (or the foreign currency equivalent thereof) and which has outstanding debt rated at least the equivalent of the country rating. 

Chrysler Canada: New CarCo Acquisition Canada Holdings Limited, a corporation organized under the laws of Canada. 

  
 -4-

 Close of Business: The term “Close of Business” shall mean 5:00
p.m., New York City time. 
 Commission: The term “Commission” shall mean the Securities and Exchange
Commission, as from time to time constituted, created under the Securities Exchange Act of 1934 or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the
Securities Exchange Act of 1934, then the body performing such duties at such time. 
 Company: The term
“Company” shall mean New Carco Acquisition LLC, a Delaware limited liability company, and, subject to the provisions of Article Eight, shall also include its successors and assigns. 

Company Request; Company Order: The term “Company Request” or “Company Order” shall mean a
written request or order signed in the name of the Company by an Authorized Officer and delivered to the Trustee. 

Competitor: The term “Competitor” shall mean a mass producer of automobiles and light trucks. 

Conversion Vehicle Wholesale Financing Program: (i) a financing program provided by FinCo or its Subsidiaries pursuant to
which (a) FinCo or its Subsidiaries provides wholesale financing to recreational truck and van conversion companies and manufacturers of specialized bodies and equipment on vehicles which are consignees of the Company (the
“Converters”) to enable such Persons to hold on consignment from the Company or any of its Subsidiaries vehicles, chassis, other merchandise and inventory (the “Merchandise”) manufactured by the Company and its
Subsidiaries for the sole purpose of storing, upfitting or adding to the Merchandise, which financings are secured by such Merchandise and repaid with the proceeds of the sale of such Merchandise by the Company, (b) the Company is obligated to
pay (on behalf of the Converters) to FinCo or its Subsidiaries a portion of the first 90 days of interest accruing on such loans and (c) the Company is obligated to purchase the Merchandise from the Converters upon completion of the conversion,
or (ii) any similar program with GMAC, or (iii) any similar program with another lender that has been approved in accordance with the Credit Agreement prior to the termination of the Credit Agreement (which program may continue after the
termination of the Credit Agreement) or any similar program with another lender that has been approved in advance in writing by the Trustee (in its sole discretion). 
 Consolidated Leverage Ratio: as of any date, the ratio of (a) Consolidated Total Debt, less the sum of cash and Cash Equivalents held by the Company and its Subsidiaries (or in the case
of a newly acquired Subsidiary for purposes of clause (p) of the definition of Permitted Indebtedness, such newly acquired Subsidiary and its Subsidiaries), excluding Restricted Cash, on such day to (b) EBITDA for the period of four fiscal
quarters ended on the last day of the most recent fiscal quarter for which financial statements have been delivered to the Trustee. 

  
 -5-

 Consolidated Total Debt: at any date, the aggregate principal amount of all
Indebtedness (excluding all Indebtedness of the ABS Subsidiaries, the Auto Supplier Support SPV or the Canadian Warranty SPV) of the Company and its Subsidiaries (or in the case of a newly acquired Subsidiary for purposes of clause (p) of the
definition of Permitted Indebtedness, such newly acquired Subsidiary and its Subsidiaries) that would be reflected on the consolidated balance sheet of the Company and its Subsidiaries (or in the case of a newly acquired Subsidiary for purposes of
clause (p) of the definition of Permitted Indebtedness, such newly acquired Subsidiary and its Subsidiaries) as of such date in accordance with the Accounting Principles. 
 Contractual Obligation: as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or
any of its property is bound. 
 Corporate Trust Office: The term “Corporate Trust Office” or other
similar term shall mean the corporate trust office of the Trustee at which at any particular time its corporate trust business shall be administered, which office at the date of this Indenture is located at 60 Livingston Avenue EP-MN-WS3C St. Paul,
MN 55107-2292, Attention: Global Corporate Trust, except that with respect to the presentation of Securities for payment or for registration of transfer or exchange, such term shall mean the office or agency of the Trustee at which, at any
particular time, its corporate agency business shall be conducted. 
 corporation: The term
“corporation” includes corporations, associations, companies (including limited liability companies) and business trusts or any similar entity. 
 Credit Agreement: the First Lien Credit Agreement, dated as of June 10, 2009, by and between Chrysler Group LLC, as borrower, and the United States Department of the Treasury, as lender.

 Debt: The term “Debt” shall mean notes, bonds, debentures or other similar evidences of indebtedness
for money borrowed. 
 Default: The term “Default” shall mean any of the events specified in
Section 5.01, whether or not any requirement for the giving of notice, the lapse of time, or both, has been satisfied. 

Depository: The term “Depository” shall mean, with respect to any Global Securities, DTC, another clearing agency
or any successor registered under the Securities Exchange Act of 1934 or other applicable statute or regulation, which, in each case, shall be designated by the Company pursuant to either Section 2.02 or 3.01. 

Dollars: the lawful money of the United States. 
 Domestic Subsidiary: The term “Domestic Subsidiary” shall mean any Subsidiary of the Company organized under the laws of any jurisdiction within the United States of America.

 DTC: The term “DTC” shall mean The Depository Trust Company, New York, New York. 

  
 -6-

 EBITDA: for any period, Net Income plus, to the extent deducted in determining
Net Income, the sum of: (a) Interest Expense, amortization or write-off of debt discount, other deferred financing costs and other fees and charges associated with Indebtedness, plus (b) tax expense, plus
(c) depreciation, plus (d) amortization, write-offs, write-downs, asset revaluations and other non-cash charges, losses and expenses, plus (e) impairment of intangibles, including goodwill, plus
(f) extraordinary expenses or losses (as determined in accordance with the Accounting Principles) including an amount equal to any extraordinary loss, plus (g) any net loss realized by the Company and its Subsidiaries (or in the
case of a newly acquired Subsidiary for purposes of clause (p) of the definition of Permitted Indebtedness, such newly acquired Subsidiary and its Subsidiaries) in connection with any disposition or the extinguishment of Indebtedness,
plus (h) all pension, OPEB or other employee benefit costs, expenses and charges other than service costs, plus (i) losses (but minus gains) due solely to fluctuations in currency values and the related tax effects in
accordance with the Accounting Principles, plus (j) loss attributable to discontinued operations, plus (k) losses (but minus gains) attributable to the cumulative effect of a change in accounting principles,
plus (l) non-recurring costs, charges and expenses during such period, plus (m) the amount, if positive, of the sum of non-cash expenses for minority interests, less dividends paid to minority parties, minus
(n) to the extent included in Net Income, extraordinary gains (as determined in accordance with GAAP), together with any related provision for taxes on such extraordinary gain, all calculated without duplication for the Company and its
Subsidiaries the Company and its Subsidiaries (or in the case of a newly acquired Subsidiary for purposes of clause (p) of the definition of Permitted Indebtedness, such newly acquired Subsidiary and its Subsidiaries) on a consolidated basis
for such period; provided that, solely for purposes of determining the Consolidated Leverage Ratio for the first periods of one, two and three consecutive fiscal quarters of the Company and its Subsidiaries ended after June 10,
2009, EBITDA shall be calculated by multiplying the amount determined pursuant to this definition (excluding this proviso) for such one, two or three fiscal quarter period by 4, 2 and 4/3, respectively. For purposes of this Agreement, EBITDA shall
be adjusted on a pro forma basis to include, as of the first day of any applicable period, any acquisition and any disposition consummated during such period, including, without limitation, adjustments reflecting any non-recurring costs and any
extraordinary expenses of any acquisition and any disposition consummated during such period and any Pro forma Cost Savings attributable thereto, each calculated on a basis consistent with the Accounting Principles or as otherwise approved by the
Trustee in its sole discretion. 
 Event of Default: The term “Event of Default” shall have the meaning
specified in Section 5.01. 
 FinCo: Chrysler Financial Services Americas LLC, a Michigan limited liability company
and its successors. 
 Foreign Subsidiary: The term “Foreign Subsidiary” shall mean any Subsidiary of
the Company that is not a Domestic Subsidiary. 
 Gelco Lease Program: (i) a Sale/Leaseback Transaction pursuant to
which the Company and its Subsidiaries manufacture and sell vehicles to Gelco Corporation (doing business as GE Fleet Services (“GE Fleet”)), which vehicles are then leased to the Company pursuant to the terms of a lease for use by
the Company in its company car program in the 

  
 -7-

 
ordinary course of business, as more fully described in and pursuant to the terms of Master Lease Agreements, dated October 31, 2001 and November 30, 2007, by and between GE Fleet and
Chrysler LLC, together with all related schedules thereto and servicing and agency agreements (ii) any similar program with GMAC, or (iii) any similar program with another lender that has been approved in accordance with the Credit
Agreement prior to the termination of the Credit Agreement (which program may continue after the termination of the Credit Agreement) or any similar program with another lender that has been approved in advance in writing by the Trustee (in its sole
discretion). 
 Global Engine JV Subsidiaries: means the Global Engine Asset Company LLC, a Delaware limited liability
company and the Global Engine Manufacturing Alliance LLC, a Delaware limited liability company. 
 Global Security: The
term “Global Security” shall mean one or more Securities executed by the Company and authenticated and delivered by the Trustee to the Depository or pursuant to the Depository’s instruction, all in accordance with this
Indenture and pursuant to a Company Order, which (i) shall be registered in the name of the Depository or its nominee and (ii) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of such of the
Outstanding Securities as shall be specified therein. 
 GMAC: GMAC, LLC. 

GMAC MAFA Agreement: MAFA Term Sheet, Summary of Required Terms, Chrysler-GMAC Master Financial Services Agreement (GMAC MAFA),
dated as of April 30, 2009, between the Company (as assignee of Chrysler LLC) and GMAC, and all other related documentation, each as amended, supplemented or modified from time to time in accordance with Section 6.13 of the Credit
Agreement. 
 GMAC Master Agreement: Master Transaction Agreement, dated as of May 15, 2009, between the Treasury,
GMAC LLC, U.S. Dealer Automotive Receivables Transaction LLC and the Company (as assignee of Chrysler LLC), and all other related documentation, each as amended, supplemented or modified from time to time in accordance with Section 6.13 of the
Credit Agreement. 
 GMAC Transaction Documents: collectively, the GMAC MAFA Agreement, the GMAC Master Agreement and the
RSA Term Sheet. 
 Gold Key Lease Program: (i) the program pursuant to which Chrysler Financial Services Canada Inc.
(“CFSC”) purchases, as agent and bare trustee, vehicles manufactured or distributed by Chrysler Canada Inc. from dealerships with the proceeds of loans made to it by CFSC, and then leased by CFSC, as agent and bare trustee for
Chrysler Canada Inc., to the customers of CFSC, the lease payments (and related vehicles) of which are pledged to CFSC and the proceeds thereof are used to repay any outstanding loans owing by Chrysler Canada Inc. to CFSC, as more fully described in
and pursuant to the terms of (1) that certain Amended and Restated Gold Key Administration Agreement, dated as of August 1, 2007, by and between Chrysler Canada Inc. and CFSC, and (2) that certain Amended and Restated Loan Agreement
dated as of December 31, 2002 between Chrysler Canada Inc. and CFSC, or (ii) any similar 

  
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program with GMAC, or (iii) any similar program with another lender that has been approved in accordance with the Credit Agreement prior to the termination of the Credit Agreement (which
program may continue after the termination of the Credit Agreement) or any similar program with another lender that has been approved in advance in writing by the Trustee (in its sole discretion). 

Governmental Authority: any federal, state, provincial, municipal or other governmental department, commission, board, bureau,
agency or instrumentality, or any federal, state or municipal court, in each case whether of the United States or foreign. 

Guarantee Obligations: as to any Person (the “guaranteeing person”), any obligation, including a reimbursement,
counterindemnity or similar obligation, of the guaranteeing Person that guarantees or in effect guarantees, or which is given to induce the creation of a separate obligation by another Person (including any bank under any letter of credit) that
guarantees or in effect guarantees, any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly or
indirectly, including any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds
(1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase
property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the
owner of any such primary obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The
amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and
(b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be
liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by the Company in good faith. 

Holder: The term “Holder” shall mean a Person in whose name a Security is registered in the Security Register.

 Indebtedness: of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed
money, (b) all obligations of such Person for the deferred purchase price of property or services (other than current trade payables incurred in the ordinary course of such Person’s business), (c) all obligations of such Person
evidenced by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights
and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all Capital Lease Obligations and Attributable Obligations of such Person, (f) all obligations of
such Person, contingent or 

  
 -9-

 
otherwise, as an account party or applicant under or in respect of acceptances, letters of credit, surety bonds or similar arrangements, (g) the liquidation value of all redeemable preferred
Capital Stock of such Person, (h) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (g) above, and (i) all obligations of the kind referred to in clauses
(a) through (h) above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or
not such Person has assumed or become liable for the payment of such obligation. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent
such Person is directly liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness expressly provide that such Person is not liable therefor.
Indebtedness shall not include vehicle guarantee depreciation programs of any Subsidiary, any perpetual preferred Capital Stock of a MID, or vehicle repurchase obligations or other risk-sharing arrangement with the Company or any of its
Subsidiaries, including, without limitation, pursuant to dealer franchise agreements or applicable law such as state dealer franchise laws. 
 Indenture: The term “Indenture” shall mean this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental
hereto entered into pursuant to the applicable provisions hereof. 
 Interest Expense: for any period, gross interest
expense (including amortization of debt issuance costs, the interest component of any deferred interest payments, the interest component of all payments associated with Capital Lease Obligations and Attributable Obligations, imputed interest with
respect to all Capital Lease Obligations and Attributable Obligations, imputed interest with respect to all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net of
the effects of all payments made or received pursuant to Swap Agreements in respect of interest rates to the extent such payments are received or made during such period, in each case determined on a consolidated basis in accordance with the
Accounting Principles). 
 IPO: The term “IPO” shall mean with respect to the Company, an initial public
offering of the equity securities of the Company or any of its Affiliates holding the majority of the Company’s assets used in automobile design, production, marketing, distribution and sales, whether such offering is primary or secondary,
underwritten by a nationally recognized investment bank, pursuant to a registration statement filed under the Securities Act of 1933 and declared effective by the Commission (other than a registration effected solely to implement an employee benefit
plan or a transaction to which Rule 145 of the Securities Act of 1933 is applicable, or a registration statement on Form S-4, Form S-8 or a successor to one of those forms). 
 Issue Date: June 10, 2009. 
 JV Subsidiary: any Subsidiary of
the Company which is not a Wholly Owned Subsidiary in which holders of the Capital Stock therein other than the Company and its Subsidiaries have a material interest and as to which the business and management thereof is jointly controlled by the
holders of the Capital Stock therein pursuant to customary joint venture arrangements. 

  
 -10-

 Lien: any mortgage, pledge, hypothecation, assignment for security, deposit
arrangement, encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other
title retention agreement and any capital lease having substantially the same economic effect as any of the foregoing). 

MID: any Subsidiary that is a marketing investment dealership. 

Net Income: for any period, the net income (or loss) of the Company and its Subsidiaries (or in the case of a newly acquired
Subsidiary for purposes of clause (p) of the definition of Permitted Indebtedness, such newly acquired Subsidiary and its Subsidiaries) calculated on a consolidated basis for such period determined in accordance with the Accounting Principles.

 New VEBA: The term “New VEBA” shall mean the UAW Retiree Medical Benefits Trust, a voluntary
employees’ beneficiary association trust. 
 Non-Recourse Debt: Indebtedness of a Person: (a) as to which no
Domestic Subsidiary provides any Guarantee Obligation or credit support of any kind or is directly or indirectly liable (as a guarantor or otherwise); and (b) which does not provide any recourse against any of the assets of any Domestic
Subsidiary. Notwithstanding the foregoing, the obligation to make capital contributions pursuant to the governing documents of any JV Subsidiary shall not invalidate the status of the Indebtedness of such JV Subsidiary classified as Non-Recourse
Debt pursuant to the terms of this definition. 
 Officer’s Certificate: The term “Officer’s
Certificate”, when used with reference to the Company, shall mean a certificate signed by an Authorized Officer. Each such certificate shall include (except as otherwise provided in this Indenture) the statements provided for in
Section 1.02, if and to the extent required by the provisions thereof. 
 OPEB: other post-employment benefits.

 Opinion of Counsel: The term “Opinion of Counsel” shall mean an opinion in writing signed by legal
counsel, who may be an employee of or of counsel to the Company, and delivered to the Trustee. Each such opinion shall include the statements provided for in Section 1.02, if and to the extent required by the provisions thereof. 

Outstanding: The term “Outstanding”, when used with respect to Securities, shall mean, as of the date of
determination, all Securities theretofore authenticated and delivered under this Indenture, except: 
 (i)
Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 

  
 -11-

 (ii) Securities which have been paid pursuant to Section 3.06 or in
exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture; 
 (iii) Securities for which Prepayment in full money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and
segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; and 
 (iv) Securities, except (A) Securities which have been discharged pursuant to Section 4.01 of this Indenture or (B) to the extent provided in Sections 12.02 and 12.03, with respect to which
the Company has effected defeasance and/or covenant defeasance as provided in Article Twelve; 
 provided, however, that, in determining whether
the Holders of the requisite interest of the Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver under this Indenture, Securities owned by the Company or any other obligor on the Securities or
any Affiliate of the Company or of such other obligor (other than the New VEBA) shall be disregarded and deemed not to be Outstanding for the purposes of such determination, except that, in determining whether the Trustee shall be protected in
relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which the Trustee knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as
Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor on the Securities or any Affiliate of the
Company or of such other obligor (other than the New VEBA). 
 Outstanding Amount: as of any date of determination
(a) with respect to Indebtedness, the aggregate outstanding principal amount thereof, (b) with respect to banker’s acceptances, letters of credit or letters of guarantee, the aggregate undrawn, unexpired face amount thereof,
plus the aggregate unreimbursed drawn amount thereof, (c) with respect to hedging obligations, the aggregate amount recorded by the Company or any Subsidiary as its net termination liability thereunder calculated in accordance with the
Company’s customary accounting procedures, (d) with respect to cash management obligations or guarantees, the aggregate maximum amount thereof (i) that the relevant cash management provider is entitled to assert as such as agreed from
time to time by the Company or any Subsidiary and such provider or (ii) the principal amount of the Indebtedness being guaranteed or, if less, the maximum amount of such guarantee set forth in the relevant guarantee and (e) with respect to
any other obligations, the aggregate outstanding amount thereof. 
 Paying Agent: The term “Paying
Agent” shall mean any Person authorized by the Company to make payments in respect of the Securities on behalf of the Company. 

  
 -12-

 Permitted Indebtedness means: 

(a) Indebtedness of any Subsidiary pursuant to the Credit Agreement or the Canadian Facility Agreement; 

(b) Indebtedness incurred by Chrysler Canada or its Subsidiaries pursuant to the terms of the PHW Claims Program or under
the Canadian VEBA Notes; 
 (c) the Indebtedness of any Subsidiary under these Securities; 

(d) Indebtedness owing to GMAC under the GMAC Transaction Documents; 

(e) (i) Indebtedness of Chrysler Canada and any of its Subsidiaries under the Gold Key Lease Program and
(ii) Indebtedness consisting of asset-backed securities issued by one or more ABS Subsidiaries solely to the extent that such Indebtedness is recourse solely to the assets of such ABS Subsidiary issuing such securities and not guaranteed by any
other Subsidiary other than another ABS Subsidiary, provided that the aggregate Outstanding Amount of all Indebtedness under clauses (i) and (ii) does not exceed CAD $5,000,000,000 at any one time outstanding; 

(f) Indebtedness under any Conversion Vehicle Wholesale Financing Program in an aggregate Outstanding Amount not exceeding
$90,000,000 at any one time outstanding; 
 (g) Indebtedness under any Gelco Lease Program; 

(h) Indebtedness of any Subsidiary owing to (a) the Company or any Subsidiary Guarantor or (b) any other
Subsidiary (including, in each case, intercompany ledger balances in connection with customary cash management practices among the Company and its Subsidiaries); provided that any such Indebtedness owing to a Subsidiary that is not a
Subsidiary Guarantor (other than from a Foreign Subsidiary to another Foreign Subsidiary) shall be subordinated in right of payment to the Securities pursuant to a subordination agreement; 

(i) Guarantee Obligations incurred in the ordinary course of business by the Subsidiaries of obligations of any Subsidiary
Guarantor otherwise permitted hereunder; 
 (j) Purchase Money Indebtedness, Capital Lease Obligations and
Attributable Obligations; provided, that (1) the aggregate amount of all such Purchase Money Indebtedness, Capital Lease Obligations and Attributable Obligations does not exceed $100,000,000; (2) the Purchase Money Indebtedness,
Capital Lease Obligations or Attributable Indebtedness when incurred shall not be more than 100% of the lesser of the cost or fair market value as of the time of acquisition of the asset financed; and (3) there is no recourse to any property or
asset of any Subsidiary other than the assets of the Subsidiary who has financed such asset; 
 (k) Indebtedness
outstanding on the date hereof and listed on Schedule 1.01(b); 

  
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 (l) Non-Recourse Debt; 

(m) Indebtedness of the Global Engine JV Subsidiaries; 

(n) unsecured Guarantee Obligations of any Subsidiary in respect of Indebtedness of a JV Subsidiary otherwise permitted
hereunder; 
 (o) unsecured Guarantee Obligations of any Foreign Subsidiary in respect of Indebtedness of any
other Foreign Subsidiary otherwise permitted hereunder; 
 (p) Indebtedness of a newly acquired Subsidiary whose
Consolidated Leverage Ratio immediately prior to its acquisition does not exceed 2.50:1.00 that is outstanding on the date such Subsidiary is acquired; provided that any such Indebtedness was not created in contemplation of such purchase or
other acquisition in contravention of Section 10.05; 
 (q) Indebtedness in respect of, represented by, or
in connection with appeal, bid, performance, surety, customs or similar bonds issued for the account of any Subsidiary, the performance of bids, tenders, sales or contracts (in each case, other than for the repayment of borrowed money), statutory
obligations, workers’ compensation claims, unemployment insurance, other types of social security or pension benefits, self-insurance and similar obligations and arrangements, in each case, to the extent incurred in the ordinary course of
business; 
 (r) Indebtedness in respect of letters of credit (other than in respect of borrowed money);

 (s) Indebtedness arising from industrial revenue, development bond or similar financings where any Subsidiary
is both the lessee of the financial property and the holder of the bonds and the Subsidiary has no material obligations except for payments in lieu of taxes and obligations as a lessee; 

(t) Indebtedness in respect of loans, grants or other arrangements made by a government or quasi-government entity (other
than, unless at least 95% of the net proceeds are used to prepay the Securities, conduit Indebtedness in connection with state or municipal bonds or loans from states or municipalities in the United States), including Indebtedness arising from
loans, grants or other arrangements made pursuant to Section 136 of the Energy Independence and Security Act of 2007 (Public Law 110-140; 42 U.S.C. 17013); 
 (u) Indebtedness of the Subsidiaries in respect of netting services, overdraft protections, employee/corporate credit card programs and other similar arrangements in connection with deposit accounts in
the ordinary course of business; 
 (v) unsecured Guarantee Obligations in connection with guarantees or other
credit support provided by Chrysler Canada, Chrysler de Mexico, S.A. de C.V. or any of their respective Subsidiaries for the benefit of Mexican or Canadian suppliers and dealerships in an Outstanding Amount not to exceed $50,000,000 at any time;

  
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 (w) Indebtedness of, or Guarantee Obligations of any Subsidiary in respect
of Indebtedness of, MIDs incurred, in each case, in the ordinary course of business and consistent with past practices to finance vehicle inventory, other assets and working capital; provided, that the Indebtedness of, or Guarantee
Obligations of all Subsidiaries in respect of Indebtedness of MIDs other than in respect of floorplan financing shall not exceed $60,000,000; 
 (x) to the extent the same constitutes Indebtedness, the obligation of any Subsidiary to make capital contributions to a JV Subsidiary to the extent required by the governing documents of such JV
Subsidiary in effect on the date hereof; 
 (y) any Permitted Refinancing; 

(z) Indebtedness of Auto Supplier Support SPV under the Auto Supplier Support Credit Agreement in an Outstanding Amount
not to exceed the Outstanding Amount on the Issue Date; 
 (aa) Indebtedness of the Warranty SPV under the
Warranty Support Program or of the Canadian Warranty SPV under the Canadian Warranty Support Program; 
 (bb)
Indebtedness incurred by any Subsidiaries arising from agreements providing for indemnification, adjustment of purchase price or similar obligations, in each case, incurred or assumed in connection with investments or permitted dispositions that are
allowed under the Credit Agreement of any business, asset or any Capital Stock of a Subsidiary; 
 (cc)
Indebtedness under that certain Loan Agreement dated as of August 3, 2007, between Auburn Hills Owner LLC and Citigroup Global Markets Realty Corp., relating to the Auburn Hills Property, and any Permitted Refinancing thereof; and 

(dd) Indebtedness, in addition to any other Indebtedness permitted above, in an aggregate Outstanding Amount at any time
not to exceed $175,000,000 (or if incurred in foreign currency at the Dollar equivalent at the time of incurrence). 

Permitted Refinancing: any Indebtedness issued in exchange for, or the net proceeds of which are used to extend, refinance, renew,
replace, defease, discharge or refund other Permitted Indebtedness; provided that the principal amount (or accreted value, if applicable) of such Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the
Indebtedness so extended, refinanced, renewed, replaced, defeased, discharged or refunded; and, provided, further, that (x) any such Indebtedness issued to refinance Indebtedness of the type described in paragraph (t) of the
definition of “Permitted Indebtedness must also qualify under said paragraph (t) and (y) on and after February 29, 2012, such Indebtedness may be issued in exchange for, or the net proceeds used to extend, refinance, renew,
replace, defease, discharge or refund Indebtedness of the type described in paragraph (a), (b), (p), or (cc) of the definition of “Permitted Indebtedness” if at the time of such issuance the Consolidated Leverage Ratio is less than 4.5:1.

  
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 Person: The term “Person” shall mean any individual, corporation,
partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

PHW Claims Program: Means the plan and treatment for funding pension obligations and health and welfare trust obligations in
Canada. 
 Place of Payment: The term “Place of Payment”, when used with respect to the Securities,
shall mean the place or places where payments on the Securities are payable, as specified in Section 3.01. 

Predecessor Security: The term “Predecessor Security” of any particular Security shall mean every previous
Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in exchange for or in lieu of a
mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 Prepayment: The term “Prepayment” shall have the meaning specified in Section 3.01. 
 Prepayment Date: The term “Prepayment Date” shall mean, when used with respect to any Prepayment, the date fixed for such Prepayment by or pursuant to this Indenture. 

Private Placement Legend: The term “Private Placement Legend” means the legend set forth on the Securities in the
form set forth in Exhibit A to be placed on all Securities issued under this Indenture, except where otherwise permitted by the provisions of this Indenture. 
 Pro forma Cost Savings: means, with respect to any period, the reduction in net costs and related adjustments that (i) were directly attributable to an acquisition or a disposition that
occurred during the four quarter period or after the end of the four quarter period and on or prior to the applicable calculation date and calculated on a basis that is consistent with Regulation S-X, (ii) were actually implemented by the
business that was the subject of any such acquisition or disposition within six months after the date of the acquisition or disposition and prior to the applicable calculation date that are supportable and quantifiable by the underlying accounting
records of such business or (iii) relate to the business that is the subject of any such acquisition or disposition and that the Company reasonably determines are probable based upon specifically identifiable actions to be taken within six
months of the date of the acquisition or disposition and, in the case of each of (i), (ii) and (iii), are described, as provided below, in an officers’ certificate, as if all such reductions in costs had been effected as of the beginning
of such period. Pro Forma Cost Savings described above shall be set forth in a certificate delivered to the Trustee from the Company’s chief financial officer that outlines the specific actions taken or to be taken, the net cost savings
achieved or to be achieved from each such action and that, in the case of clause (iii) above, such savings have been determined to be probable. 

  
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 Purchase Money Indebtedness: means Indebtedness of any Subsidiary incurred to finance
the purchase of fixed or capital assets that is incurred at the time of, or within 120 days after, the acquisition of such property. 
 Regular Record Date: The term “Regular Record Date” for the amount payable on any Amortization Payment Date on the Securities shall mean the date specified for that purpose as
specified in Section 3.01. 
 Requirements of Law: as to any Person, the Certificate of Incorporation and By-Laws or
other organizational or governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court of competent jurisdiction or other Governmental Authority, in each case applicable to and binding upon
such Person and any of its property, and to which such Person and any of its property is subject. 
 Requisite Holder:
The term “Requisite Holder” means Holders of at least 25% in interest in the Outstanding Securities. 

Responsible Officer: The term “Responsible Officer”, when used with respect to the Trustee, shall mean any
officer assigned to the Global Corporate Trust department (or any successor division or unit) of the Trustee located at the Corporate Trust Office of the Trustee, who shall have direct responsibility for the administration of this Indenture, and
shall also include any other officer of the Trustee to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 

Restricted Cash: cash, in whatever currency of denomination, and Cash Equivalents of the Company or any of its Subsidiaries (or in
the case of any newly acquired Subsidiary for purposes of clause (p) of the definition of Permitted Indebtedness, such newly acquired Subsidiary and its Subsidiaries) (i) that is subject to a Lien (other than Liens created under the
security documents entered into in connection with any of the Credit Agreement or the Canadian Facility Agreement, or any Permitted Refinancings thereof, and other than ordinary course set off rights of depository banks for charges and fees related
to amounts held therewith), or (ii) the use of which is otherwise restricted pursuant to any Requirement of Law or Contractual Obligation. Notwithstanding the foregoing, none of the cash, in whatever currency of denomination, and Cash
Equivalents of the Company or any of its Subsidiaries deposited with a trustee of any short term or long-term voluntary employee’s beneficiary association which the Company or relevant Subsidiary may access on an unrestricted basis for use in
its business shall constitute Restricted Cash. 
 Restricted Security: The term “Restricted Security”
has the meaning assigned to such term in Rule 144(a)(3) under the Securities Act of 1933; provided that the Trustee shall be entitled to request and conclusively rely on an Opinion of Counsel with respect to whether any Security constitutes a
Restricted Security. 
 RSA Term Sheet: Risk Sharing Term Sheet, dated as of May 6, 2009, among Chrysler LLC, FinCo
and the Company, and all other related documentation, each as amended, supplemented or modified from time to time in accordance with Section 6.13 of the Credit Agreement. 

  
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 Sale/Leaseback Transaction: means any direct or indirect arrangement with any Person
or to which any such Person is a party providing for the leasing to the Company or any of its Subsidiaries of any property, whether owned by the Company or any of its Subsidiaries at the Issue Date or later acquired, which has been or is to be sold
or transferred by the Company or such Subsidiary to such Person or to any other Person by whom funds have been or are to be advanced on the security of such property. 
 Securities: The term “Securities” shall have the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under
this Indenture. 
 Securities Act of 1933: The term “Securities Act of 1933” shall mean the Securities
Act of 1933, as amended. 
 Securities Exchange Act of 1934: The term “Securities Exchange Act of 1934”
shall mean the Securities Exchange Act of 1934, as amended. 
 Security Register; Security Registrar: The terms
“Security Register” and “Security Registrar” shall have the respective meanings set forth in Section 3.05. 
 Subject Securities: The term “Subject Securities” shall mean (i) all outstanding Securities held or beneficially owned by the New VEBA (or any of its Affiliates) and
(ii) all other outstanding Securities held or beneficially owned by any other Person, other than, solely in the case of subclause (ii), Securities held or beneficially owned by such other Person that were acquired either (x) pursuant to a
registration statement filed under the Securities Act of 1933 and declared effective by the Commission or (y) if after the consummation of an IPO, otherwise in reliance upon Rule 144 or Rule 145 under the Securities Act of 1933. 

Subsidiary: The term “Subsidiary” shall mean with respect to any Person, any corporation, association, joint
venture, partnership, limited liability company or other business entity (whether now existing or hereafter organized) of which a majority of the voting stock is, at the time as of which any determination is being made, owned or controlled by such
Person or one or more subsidiaries of such Person or by such Person and one or more subsidiaries of such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Indenture
shall refer to a Subsidiary or Subsidiaries of the Company. As used herein, the term “voting stock” shall mean with respect to any Person, such Person’s Capital Stock having the right to vote for election of directors (or the
equivalent thereof) of such Person under ordinary circumstances. 
 Subsidiary Guarantor: any Subsidiary of the Company
that guarantees the Company’s obligation under the Indenture and the Securities. 
 Swap Agreement: any agreement
with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or
pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services
provided by current or former directors, officers, employees or consultants of the Borrower or any of its Subsidiaries shall be a “Swap Agreement.” 

  
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 Trustee: The term “Trustee” shall mean U.S. Bank National
Association and, subject to the provisions of Article Six, shall also include its successors and assigns. 
 Trust Indenture
Act of 1939 or TIA: The term “Trust Indenture Act of 1939” or “TIA” (except as herein otherwise expressly provided) shall mean the Trust Indenture Act of 1939, as amended, as in force at the date of this
Indenture as originally executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” or “TIA” means, to the extent required by any such amendment,
the Trust Indenture Act of 1939, as so amended. 
 Voting Stock: with respect to any Person, such Person’s Capital
Stock having the right to vote for election of directors (or the equivalent thereof) of such Person under ordinary circumstances. 
 Warranty SPV: Chrysler Warranty SPV LLC, a Delaware limited liability company. 
 Warranty Support Program: the program established by the United States Department of the Treasury to ensure that the limited warranty obligations of the Company and its Subsidiaries with respect to
vehicles sold from March 30, 2009 through June 30, 2009 are honored, as more fully described in the Administration Agreement, dated as of April 29, 2009, between Warranty SPV, the Company, Chrysler Motors LLC, Chrysler Canada Inc.,
Chrysler de Mexico S.A. de C.V., and Chrysler International Corporation. 
 Wholly Owned Subsidiary: as to any Person,
any other Person all of the Capital Stock of which (other than directors’ qualifying shares required by law) is owned by such Person directly and/or through other Wholly Owned Subsidiaries. 

Section 1.02 Compliance Certificates and Opinions. Upon any application or request by the Company to the Trustee to take any
action under any provision of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied
with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is
specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture, shall include: 
 (a) a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 

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

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

 Section 1.03 Form of Documents Delivered to Trustee. In any case where several matters are required to be
certified by, or covered by an opinion of any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such
Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 

Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or
opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based
are erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with
respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous.

 Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements,
opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Section 1.04 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 of the Outstanding Securities, may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in
writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or
instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing
any such agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section 1.04. 

  
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 (b) The fact and date of the execution by any Person of any such instrument or writing may
be proved in any reasonable manner that the Trustee deems sufficient and in accordance with such reasonable rules as the Trustee may determine. 
 (c) The ownership of Securities shall be proved by the Security Register. 
 (d)
Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof
or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the Security Registrar, any Paying Agent or the Company in reliance thereon, whether or not notation of such action is made upon
such Security. 
 Section 1.05 Effect of Headings and Table of Contents. The Article and Section headings herein and
the Table of Contents are for convenience only and shall not affect the construction hereof. 
 Section 1.06
Separability Clause. In case any provision in this Indenture or in any Security shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired
thereby. 
 Section 1.07 Benefits of Indenture. Nothing in this Indenture or in the Securities, express or implied,
shall give to any Person, other than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 1.08 Legal Holidays. In any case where any Amortization Payment Date on the Securities shall not be a business day at
any Place of Payment, then any such payment need not be made at such Place of Payment on such date, but may be made on the next succeeding business day at such Place of Payment with the same force and effect as if made on the Amortization Payment
Date provided that no interest shall accrue for the period from and after such Amortization Payment Date to the next succeeding business day at such Place of Payment. 
 ARTICLE II 
 SECURITY FORMS 

Section 2.01 Forms Generally. The Securities shall be in substantially the form set forth in Exhibit A, with such
appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture (but that does not affect or change the rights, duties or responsibilities of the Trustee), and may have such letters, numbers or
other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers executing such Securities, as
evidenced by their execution thereof. The Company and the Trustee shall approve the form of the Securities and any notation, legend or endorsement on them. 

  
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 The terms and provisions contained in the form of the Securities annexed hereto as Exhibit A
shall constitute, and are hereby expressly made, a part of this Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound
thereby. 
 The aggregate principal amount of any Global Security may from time to time be increased or decreased by adjustments
made on the records of the Trustee, as custodian for the Depository, as hereinafter provided. 
 The definitive Securities shall
be typed, printed, lithographed or engraved or produced by any combination of these methods or may be produced in any other manner permitted by the rules of any securities exchange on which the Securities may be listed, all as determined by the
officer executing such Securities, as evidenced by their execution thereof. 
 Section 2.02 Securities Issuable in the
Form of a Global Security. (a) If the Company shall establish pursuant to Section 3.01 that the Securities are to be issued as a Global Security, then, notwithstanding Section 3.02, the Company shall execute and the Trustee shall,
in accordance with Section 3.03 and the Company Order delivered to the Trustee thereunder, authenticate and deliver, the Global Security, which (i) shall represent, and shall be denominated in an amount equal to the aggregate principal
amount of such of the Outstanding Securities as shall be specified therein, (ii) shall be registered in the name of the Depository or its nominee, (iii) shall be delivered by the Trustee to the Depository or pursuant to the
Depository’s instruction and (iv) shall bear a legend substantially to the following effect: “Except as otherwise provided in Section 2.02 of the Indenture, this Security may be transferred, in whole but not in part, only to
another nominee of the Depository or to a successor Depository or to a nominee of such successor Depository.” 
 (b)
Notwithstanding any other provision of this Section 2.02 or of Section 3.05, the Global Security may be transferred, in whole but not in part and in the manner provided in Section 3.05, only to another nominee of the Depository, or to
a successor Depository selected or approved by the Company or to a nominee of such successor Depository. Any holder of a Global Security shall, by acceptance of such Global Security, agree that transfers of beneficial interests in such Global
Securities may be effected only through the Depository, in accordance with this Indenture and the Applicable Procedures. 
 (c)
If at any time the Depository for the Securities notifies the Company that it is unwilling or unable to continue as Depository or if at any time the Depository shall no longer be registered or in good standing under the Securities Exchange Act of
1934 or other applicable statute or regulation and a successor Depository is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such condition, as the case may be, this Section 2.02 shall no
longer be applicable to the Securities and the Company will execute, and upon receipt of a Company Order the Trustee will authenticate and deliver, the Securities in definitive registered form without coupons, in authorized denominations, and in an
aggregate principal amount equal to the principal amount of the Global Security, in exchange for such Global Security. In addition, the Company may at any time determine that the Securities shall no longer be represented by a Global Security and
that the provisions of this Section 2.02 shall no longer apply to the Securities. In such event, the 

  
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Company will execute and upon receipt of a Company Order the Trustee, upon receipt of an Officer’s Certificate evidencing such determination by the Company, will authenticate and deliver the
Securities in definitive registered form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security, in exchange for such Global Security. Upon the exchange of the Global
Security for such Securities in definitive registered form without coupons, in authorized denominations, the Global Security shall be cancelled by the Trustee. Such Securities in definitive registered form issued in exchange for the Global Security
pursuant to this Section 2.02(c) shall be registered in such names and in such authorized denominations as the Depository, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee
shall deliver such Securities to the Persons in whose names such Securities are so registered on the Securities Register. 

ARTICLE III 

THE SECURITIES 
 Section 3.01 Terms. 
 (1) The Securities shall rank pari passu
with other senior unsecured debt securities of the Company. 
 (2) The aggregate principal amount of Securities that may be
authenticated and delivered under this Indenture is limited to $4,587,000,000 except for Securities authenticated and delivered upon registration of transfer of, or exchange for, or in lieu of, other Securities pursuant to Sections 2.02, 3.04, 3.05,
3.06 or 9.05 of this Indenture. 
 (3) The principal amount of the Securities shall be due and payable in annual fixed payments,
comprised of interest and amortized principal, as set forth in Section 3.01(4). Interest on any overdue payment on the Securities shall accrue at a rate of 9% per annum on the overdue amount from the applicable Amortization Payment Date to
the date of actual payment. 

  
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 (4) Payments, consisting of accrued and unpaid interest and amortized principal (together,
an “Amortization Payment”) shall be due on July 15 of each year (each, an “Amortization Payment Date”), commencing July 15, 2010, to the Persons in whose name the Securities are registered at the Close of
Business on July 1, whether or not a business day, immediately preceding the relevant Amortization Payment Date (each, a “Regular Record Date”). Each Amortization Payment in the table below shall include interest accrued
through June 30th immediately preceding the applicable Amortization Payment Date. Aggregate Amortization Payments, subject to reduction in the event of Prepayments as provided in Article Eleven, in respect of all Securities issued shall be as
follows: 
  

					
	 Amortization Payment Date
	  	Aggregate Amortization
Payment Due	 
	 July 15, 2010
	  	$	315,000,000	  
	 July 15, 2011
	  	$	300,000,000	  
	 July 15, 2012
	  	$	400,000,000	  
	 July 15, 2013
	  	$	600,000,000	  
	 July 15, 2014
	  	$	650,000,000	  
	 July 15, 2015
	  	$	650,000,000	  
	 July 15, 2016
	  	$	650,000,000	  
	 July 15, 2017
	  	$	650,000,000	  
	 July 15, 2018
	  	$	823,800,000	  
	 July 15, 2019
	  	$	823,800,000	  
	 July 15, 2020
	  	$	823,800,000	  
	 July 15, 2021
	  	$	823,800,000	  
	 July 15, 2022
	  	$	823,800,000	  
	 July 15, 2023
	  	$	827,100,000	  

 (5) Any payment on
the Securities shall be payable at the Corporate Trust Office of the Trustee in Cash; provided, however, that at the option of the Company, any payment may be made by check mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register or by wire transfer of immediately available funds to an account of the Person entitled thereto as such account shall have therefor been provided to the Security Registrar and shall appear on the Security Register.

 (6) On any business day, in accordance with the terms of this Indenture, including, without limitation, Article Eleven of
this Indenture, the Company may, without penalty, prepay all or any portion of the Securities, for Cash, at once or from time to time, upon no less than 2 business days nor more than 10 business days notice (which notice may be revoked by the
Company at any time prior to such prepayment), each, a “Prepayment”). 
 (7) The Securities are not entitled to
any sinking fund or analogous reserve. 

  
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 (8) The authenticating agent and Paying Agent for the Securities shall initially be the
Trustee. 
 (9) The Securities will be initially issued in definitive registered form. Upon the registration of the Securities
under the Securities Act of 1933, or upon the expiration of any restrictions on transfer in accordance with Rule 144 under the Securities Act of 1933, the Company may determine that the Securities shall be issued (and that Outstanding Securities
shall be exchanged for Securities issued) as a Global Security and shall determine the identity of the Depository for such Securities. 
 Section 3.02 Denominations. The Securities shall be issuable in definitive registered form without coupons and, except for any Global Security, are issuable only in initial denominations of
$1,000 and in any integral multiple of $1,000 in excess thereof or any remaining principal amount of Securities, if less. 

Section 3.03 Execution, Authentication, Delivery and Dating. The Securities shall be signed on behalf of the Company by an
Authorized Officer, under its corporate seal reproduced thereon. Such signatures upon the Securities may be the manual or facsimile signatures of such present or any future Authorized Officers and may be imprinted or otherwise reproduced on the
Securities. 
 Securities bearing the manual or facsimile signatures of individuals who were at the time they signed such
Securities the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at
the date of such Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate
and deliver such Securities. In authenticating such Securities, and accepting the responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an
Opinion of Counsel stating: 
 (a) that the form or forms and terms of such Securities have been established in conformity with
the provisions of this Indenture; 
 (b) that all conditions precedent to the authentication and delivery of such Securities
have been complied with and that such Securities, when authenticated and delivered by the Trustee in accordance with this Indenture and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will
constitute the legal, valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting the
enforcement of creditors’ rights, to general equitable principles and to such other qualifications as such counsel shall conclude do not materially affect the rights of Holders of such Securities; and 

  
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 (c) that all laws and requirements in respect of the execution and delivery by the Company
of such Securities have been complied with. 
 The Trustee shall not be required to authenticate and deliver any such Securities
if the Trustee, being advised by counsel, determines that such action (i) may not lawfully be taken or (ii) would expose the Trustee to personal liability. 
 Each Security shall be dated the date of its authentication. 
 No Security shall
be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein, executed by the Trustee by manual
signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. 

Section 3.04 Temporary Securities. Pending the preparation of definitive Securities, the Company may execute, and upon
Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities
in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine (but that does not affect or change the rights, duties or responsibilities
of the Trustee), as evidenced by their execution of such Securities. 
 If temporary Securities are issued, the Company will
cause definitive Securities to be prepared without unreasonable delay. After the preparation of definitive Securities, the temporary Securities shall be exchangeable for definitive Securities upon surrender of the temporary Securities at the office
or agency of the Company in the Place of Payment, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a
like principal amount of definitive Securities of authorized denominations. Until so exchanged the temporary Securities shall in all respects be entitled to the same benefits under this Indenture as the definitive Securities. 

Section 3.05 Registration; Registration of Transfer and Exchange. (a) The Company shall cause to be kept at the office
or agency of the Company maintained pursuant to Section 10.02 a register (the register maintained in such office and in any other office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the
“Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall, subject to the provisions of Section 2.02, provide for the registration of Securities and transfers of Securities.
The Trustee is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers of Securities as herein provided. 
 Subject to the provisions of Section 2.02, upon surrender for registration of transfer of any definitive Security at the office or agency in a Place of Payment, the Company shall execute, and the
Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new definitive Securities of any authorized denominations and of a like aggregate principal amount. 

  
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 Subject to the provisions of Section 2.02, at the option of the Holder, definitive
Securities may be exchanged for other definitive Securities, of any authorized denominations and of a like aggregate principal amount, upon surrender of the definitive Securities to be exchanged at such office or agency. Whenever any definitive
Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the definitive Securities which the Holder making the exchange is entitled to receive. 

All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company,
evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument of
transfer, in form satisfactory to the Company and the Security Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 
 No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may
be imposed in relation thereto (except in connection with the initial issuance of Securities to the New VEBA). 
 Prior to the
registration of the Securities, the Securities may only be transferred in minimum denominations of $120,000,000 and any integral multiples of $1,000 in excess thereof or any remaining principal amount of the Securities, if less. 

Prior to the consummation of an IPO, the Securities may not be transferred to any Person if such Person or any Affiliates thereof is a
Competitor without the prior written consent of the Company, which consent shall not be unreasonably withheld, delayed or conditioned. In addition, if a Holder proposes to transfer all or any portion of its Subject Securities, the Holder shall
promptly give the Company written notice of such intention to make such transfer (the “Offer Notice”). The Company shall have an option for a period of ten (10) days from delivery of the Offer Notice (the “Option
Period”) to elect to offer to purchase from the Holder such Subject Securities. The Company may exercise such election option by notifying the Holder in writing before expiration of the Option Period (the “Option Exercise
Notice”) as to the cash purchase price that it proposes to pay the Holder for such Subject Securities (the “Offer Price”). The Option Exercise Notice shall constitute an offer to purchase such Subject Securities at the cash
Offer Price and on the other terms and conditions set forth in the Option Exercise Notice. The Holder shall have ten (10) days to accept, in writing, the offer (if any) made by the Company in the Option Exercise Notice. If (i) the Company
does not deliver an Option Exercise Notice to the Holder before the expiration of the Option Period, or (ii) the Holder does not accept the Company’s offer, the Holder shall be entitled to transfer such Subject Securities subject to the
other terms of this Indenture on terms and conditions, in the case of clause (ii) only, that are not 

  
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less favorable to the Holder than those set forth in the Option Exercise Notice (and that are no more favorable to the purchaser) in the Holder’s reasonable judgment; provided, however, that
(i) such transfer to the purchaser is completed within one hundred eighty (180) days after delivery of the Offer Notice to the Company. If at the end of the one hundred eighty (180) day period, the Holder has not completed the
transfer of such Subject Securities, the Holder shall no longer be permitted to transfer such Subject Securities without again fully complying with the provisions of this paragraph. Notwithstanding any provision in this Indenture to the contrary,
the Company may assign its rights and obligations under this paragraph to any Person; provided that the Company shall be liable to the Holder for any breach of, or failure to comply with, this paragraph by any such assignee. In connection with any
such transfer, the Company agrees that the Holder may provide any information about the Company properly in its possession to the proposed transferee (unless such transferee is a Competitor or the Company consents to the transfer), provided, that
such proposed transferee agrees to confidentiality terms substantially similar to those applicable to the Holder. 
 (b)
Special Transfer Provisions. (i) No sale or other transfer of a Security that is a Restricted Security (including, without limitation, by pledge or hypothecation) or any interest therein may be made unless such sale or transfer
(A) is made pursuant to an exemption from the registration requirements of the Securities Act of 1933, and is exempted from any applicable state securities law, and (B) will not cause the Company to become subject to the registration or
reporting requirements of the Securities Exchange Act of 1934. Any transfer in violation of the restrictions on transfer set forth herein will be of no force and effect, will be void ab initio and will not operate to transfer any rights to
the transferee, notwithstanding any instructions to the contrary to or by the Company or the Trustee. 
 (ii)
Transfers of Securities shall be subject to restrictions on transfer as set forth in the Private Placement Legend. 
 (iii) With respect to the registration of transfer of a Security constituting a Restricted Security, if the proposed transferor is a member of, or participant in, the Depository holding a beneficial
interest in the Global Security, upon receipt by the Security Registrar of (x) evidence of compliance with the transfer requirements set forth elsewhere in this Section 3.05 and (y) instructions given in accordance with the Applicable
Procedures and the Security Registrar’s procedures, (1) the Security Registrar shall reflect on its books and records the date and (if the transfer does not involve a transfer of outstanding definitive securities) a decrease in the
principal amount of the Global Security in an amount equal to the principal amount of the beneficial interest in the Global Security to be transferred, and (2) the Company shall execute and the Trustee shall authenticate and deliver one or more
definitive Securities of like tenor and principal amount. 
 (iv) Upon the valid transfer, exchange or
replacement of Securities not bearing the Private Placement Legend, the Security Registrar shall, subject to the requirements of this Indenture, deliver Securities that do not bear the Private Placement Legend. Upon the valid transfer, exchange or
replacement of Securities bearing the Private Placement Legend, the Security Registrar shall, subject to the requirements of this Indenture, deliver only Securities that bear the Private Placement Legend unless (x) such Securities are being
registered under the Securities Act of 1933 or (y) the Securities Registrar shall receive an Opinion of Counsel 

  
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reasonably satisfactory to the Company and the Trustee to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the
provisions of the Securities Act of 1933. The Security Registrar shall not register a transfer of any Security unless such transfer complies with the restrictions on transfer of such Security set forth in this Indenture. In connection with any
transfer of Securities, each Holder agrees by its acceptance of the Securities to furnish the Security Registrar or the Company such certifications, legal opinions or other information as either of them may reasonably require to confirm that such
transfer is being made pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act of 1933; provided that the Security Registrar shall not be required to determine (but may rely on a
determination made by the Company with respect to) the sufficiency of any such certifications, legal opinions or other information. 
 (v) In the event that the Company determines it is advisable to remove, replace or modify such Private Placement Legend (based on an Opinion of Counsel), the Company shall provide each Holder, without any
expense, with new certificates, if any, for the Securities either (x) not bearing the Private Placement Legend with respect to which the restriction has ceased and terminated and/or (y) bearing such additional and/or modified restrictive
legends, in the case of each of subclauses (x) and (y), as the Company determines advisable based on the above-mentioned Opinion of Counsel. 
 (vi) General. By its acceptance of any Security bearing the Private Placement Legend, each Holder of such a Security acknowledges the restrictions on transfer of such Security set forth in this
Indenture and in the Private Placement Legend, agrees that it shall transfer such Security only as provided in this Indenture, and agrees that it will provide written notice of such restriction or transfer to any subsequent transferee or proposed
transferee. 
 The Security Registrar shall retain copies of all letters, notices and other written communications received
pursuant to this Section 3.05. The Company shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the Security
Registrar. 
 The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Security, a member of,
or a participant in, the Depository or other Person with respect to the accuracy of the records of the Depository or its nominee or of any participant or member thereof, with respect to any ownership interest in the Securities or with respect to the
delivery to any participant, member, beneficial owner or other Person (other than the Depository) of any notice (including any notice of Prepayment) or the payment of any amount or delivery of any Securities (or other security or property) under or
with respect to such Securities. All notices and communications to be given to the Holders and all payments to be made to Holders in respect of the Securities shall be given or made only to or upon the order of the registered Holders (which shall be
the Depository or its nominee in the case of a Global Security). The rights of beneficial owners in any Global Security shall be exercised only through the Depository subject to the applicable rules and procedures of the Depository. The Trustee may
rely and shall be fully protected in relying upon information furnished by the Depository with respect to its members, participants and any beneficial owners. 

  
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 The Trustee shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among the Depository participants, members or
beneficial owners in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to
examine the same to determine compliance as to form with the express requirements hereof. 
 Section 3.06 Mutilated,
Destroyed, Lost or Stolen Securities. If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of like tenor and principal amount, and
bearing a number not contemporaneously outstanding, or, in case any such mutilated Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security, including all
Amortization Payments thereon. 
 If there shall be delivered to the Company and the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or actual
notice by a Responsible Officer of the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen
Security, a new Security of like tenor and principal amount and bearing a number not contemporaneously outstanding or, in case any such destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its
discretion may, instead of issuing a new Security, pay such Security, including all Amortization Payments thereon. 
 Upon the
issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of
the Trustee) connected therewith. 
 Every new Security issued pursuant to this Section in lieu of any destroyed, lost or stolen
Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture
equally and proportionately with any and all other Securities duly issued hereunder. 
 The provisions of this Section are
exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 3.07 Persons Deemed Owners. Prior to due presentment of a Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Security is registered in the Securities Register as the owner of such Security for the purpose of receiving payments on such Security and for all other
purposes whatsoever, whether or not payments on such Security shall be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

  
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 Section 3.08 Cancellation. All Securities surrendered for payment, registration
of transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee, and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously
authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any
Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. Cancelled Securities shall be held by the Trustee subject to its record retention requirements. 

ARTICLE IV 

SATISFACTION AND DISCHARGE 
 Section 4.01 Satisfaction and Discharge of Indenture. This Indenture shall upon a Company Request cease to be of further effect (except as to any surviving rights of registration of transfer
or exchange of Securities herein expressly provided for and any other provision expressly provided for herein to survive), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of
this Indenture, when 
 (1) either 
 (A) all Securities theretofore authenticated and delivered (other than (i) Securities which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.06 and
(ii) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 10.03) have been
delivered to the Trustee for cancellation; or 
 (B) the final payment of all such Securities not theretofore
delivered to the Trustee for cancellation 
 (i) has become due and payable, or 

(ii) will become due and payable within one year, or 

(iii) will by subject to Prepayment within one year under arrangements satisfactory to the Trustee for the giving of
notice of Prepayment by the Trustee in the name, and at the expense, of the Company, 
 and the Company, in the case of (i),
(ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose an amount in cash or U.S. Government Obligations sufficient to make the final Amortization Payment or full Prepayment on
such Securities not theretofore delivered to the Trustee for cancellation, (in the case of Securities which have become due and payable); 

  
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 (2) the Company has paid or caused to be paid all other sums payable hereunder by the
Company; and 
 (3) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each
stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 6.07 and, if money shall have been deposited with the Trustee pursuant to
subclause (B) of clause (1) of this Section, the obligations of the Trustee under Section 4.02 and the last paragraph of Section 10.03 shall survive. 
 Section 4.02 Application of Trust Money. Subject to the provisions of the last paragraph of Section 10.03, all cash or U.S. Government Obligations deposited with the Trustee pursuant to
Section 4.01 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as a Paying Agent) as the
Trustee may determine, to the Persons entitled thereto, of the Amortization Payments for whose payment such cash or U.S. Government Obligations has been deposited with the Trustee; but such cash or U.S. Government Obligations need not be segregated
from other funds except to the extent required by law. 
 Section 4.03 Repayment of Moneys Held by Paying Agent. In
connection with the satisfaction and discharge of this Indenture all cash or U.S. Government Obligations then held by any Paying Agent (other than the Trustee, if the Trustee be a Paying Agent) under the provisions of this Indenture shall, upon
demand of the Company, be repaid to it or paid to the Trustee and thereupon such Paying Agent shall be released from all further liability with respect to such cash or U.S. Government Obligations. 

Section 4.04 Repayment of Moneys Held by Trustee. Any cash or U.S. Government Obligations deposited with the Trustee or any
Paying Agent for payments on any Security and not applied but remaining unclaimed by the Holders for two years after the date upon which the payments on such Security shall have become due and payable, shall be repaid to the Company by the Trustee
or such Paying Agent on demand; and the Holder of any of the Securities entitled to receive such payment shall thereafter look only to the Company for the payment thereof and all liability of the Trustee or such Paying Agent with respect to such
cash or U.S. Government Obligations shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be mailed to each such Holder or
published once a week for two successive weeks (in each case on any day of the week) in an Authorized Newspaper, or both, a notice that said cash or U.S. Government Obligations have not been so applied and that after a date named therein any
unclaimed balance of said cash or U.S. Government Obligations then remaining will be returned to the Company. It shall not be necessary for more than one such publication to be made in the same newspaper. 

  
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 ARTICLE V 
 REMEDIES 
 Section 5.01 Events of Default. “Event of
Default”, wherever used herein with respect to Securities, shall mean any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or
pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 
 (1) default in the payment of any Amortization Payment (other than the final Amortization Payment) or any Prepayment on any Security when it becomes due and payable, and continuance of such default for a
period of 30 days; or 
 (2) default in the payment of the final Amortization Payment; or 

(3) default in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other than a covenant or
warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with), and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the
Company by the Trustee or to the Company and the Trustee by the Requisite Holders a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or

 (4) the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the
Company in an involuntary case or proceeding under the Bankruptcy Code or any other similar Federal or State law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking
reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the
Company or of any substantial part of the property of the Company, or ordering the winding up or liquidation of the affairs of the Company, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in
effect for a period of 90 consecutive days; or 
 (5) the commencement by the Company of a voluntary case or proceeding under
the Bankruptcy Code or any other similar Federal or State law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by the Company to the entry of a decree or order for relief in respect of the Company in an
involuntary case or proceeding under the Bankruptcy Code or any other similar Federal or State law or to the commencement of any bankruptcy or insolvency case or proceeding against the Company, or the filing by the Company of a petition or answer or
consent seeking reorganization or relief under any applicable Federal or State law, or the consent by the Company to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee,
sequestrator or similar official of the Company or of any substantial part of the property of the Company, or the making by the Company of an assignment for the benefit of creditors, or the admission by the Company in writing of its inability to pay
its debts generally as they become due; or 

  
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 Section 5.02 Acceleration of Maturity; Rescission and Annulment. If an Event of
Default with respect to the Securities at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Requisite Holders may demand the Prepayment of all of the Securities to be due and payable immediately, by a notice
in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration, such Prepayment shall become immediately due and payable. 
 At any time after such a declaration of acceleration with respect to the Securities has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as
hereinafter in this Article provided, the Holders of a majority in interest of the Outstanding Securities, by written notice to the Company and the Trustee, may waive all Defaults and past Events of Default and the consequences thereof and rescind
and annul such declaration and its consequences if 
 (1) the Company has paid or deposited with the Trustee a sum sufficient to
pay 
 (A) the Amortization Payments on the Securities which have become due otherwise than by such declaration
of accelerated Prepayment plus interest at the 9% rate, and 
 (B) all sums paid or advanced by the Trustee
hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; and 

(2) all Events of Default with respect to the Securities, other than the failure to make accelerated Prepayments on the Securities which
have become due solely by such declaration of acceleration, have been cured or waived. 
 No waiver, rescission or annulment
described in this Section 5.02 shall affect any subsequent Default or impair any right consequent thereon. 

Section 5.03 Collection of Indebtedness and Suits for Enforcement by Trustee. The Company covenants that (1) in case
default shall be made in the payment of Amortization Payments (other than the final Amortization Payment) or any Prepayment, as and when the same shall become due and payable, and such default shall have continued for a period of 30 days, or
(2) in case default shall be made in the payment of the final Amortization Payment of the Securities, then, upon demand of the Trustee, the Company will make a Prepayment to the Trustee, for the benefit of the Holders of the Securities, of the
amount due on all the Securities; and, in addition thereto, such further amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred, and all
advances made, by the Trustee except as a result of its negligence or bad faith. 

  
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 In case the Company shall fail to pay such amounts forthwith upon such demand, the Trustee,
in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceedings to
judgment or final decree, and may enforce any such judgment or final decree against the Company or any other obligor upon such Securities and collect in the manner provided by law out of the property of the Company or any other obligor upon such
Securities wherever situated the moneys adjudged or decreed to be payable. 
 If an Event of Default with respect to the
Securities occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect
and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

Section 5.04 Trustee May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee,
irrespective of whether the amounts outstanding under the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment
of overdue Amortization Payments or Prepayments, shall be entitled and empowered, by intervention in such proceeding or otherwise, 
 (i) to file and prove a claim for the Prepayment of the whole amount of Amortization Payments owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary
or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding and

 (ii) to collect and receive any moneys or other property payable or deliverable on any such claims and to
distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that
the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other
amounts due the Trustee under Section 6.07. 
 Nothing herein contained shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the
claim of any Holder in any such proceeding. 

  
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 Section 5.05 Trustee May Enforce Claims Without Possession of Securities. All
rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding
instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 
 Section 5.06 Application of Money Collected. Any money or property collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the
Trustee and, in case of the distribution of such money or property on account of Amortization Payments, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 FIRST: To the payment of all amounts due the Trustee under Section 6.07; 

SECOND: To the payment of the amounts then due and unpaid for Amortization Payments or Prepayments on the Securities in respect of which
or for the benefit of which such money or property has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for Amortization Payments or Prepayments; and 

THIRD: To the payment of the remainder, if any, to the Company, its successors or assigns or to whosoever may be lawfully entitled to
receive the same, or as a court of competent jurisdiction may direct. 
 Section 5.07 Limitation on Suits. No Holder
of any Security shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

(1) such Holder shall have previously given written notice to the Trustee of a continuing Event of Default with respect to the
Securities; 
 (2) the Requisite Holders shall have made written request to the Trustee to institute proceedings in respect of
such Event of Default in its own name as Trustee hereunder; 
 (3) such Holder or Holders shall have offered to the Trustee
reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (4) the Trustee for 90 days after its receipt of such notice, request and offer of indemnity shall have failed to institute any such proceeding; and 

(5) no direction inconsistent with such written request shall have been given to the Trustee pursuant to Section 5.12 during such
90-day period by the Holders of a majority in interest of the Outstanding Securities; 

  
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 it being understood and intended that no one or more of such Holders shall have any right in any manner
whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce
any right under this Indenture, except in the manner herein provided and for the equal and ratable and common benefit of all of such Holders. 
 Section 5.08 Unconditional Right of Holders to Receive Amortization Payments. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is
absolute and unconditional, to receive payment of the Amortization Payments on such Security on the applicable Amortization Payment Dates expressed in such Security and to institute suit for the enforcement of any such payment, and such rights shall
not be impaired without the consent of such Holder. 
 Section 5.09 Restoration of Rights and Remedies. If the
Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then
and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee
and the Holders shall continue as though no such proceeding had been instituted. 
 Section 5.10 Rights and Remedies
Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 3.06, no right or remedy herein conferred upon or reserved to the
Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 5.11 Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of any Securities to exercise
any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to
the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 5.12 Control by Holders. The Holders of a majority in interest of the Outstanding Securities shall have the right to direct the time, method and place of conducting any proceeding for
any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities; provided, however, that 
 (1) such direction shall not be in conflict with any rule of law or with this Indenture, 

  
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 (2) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction, 
 (3) such direction is not unduly prejudicial to the rights of Holders not taking part in
such direction, and 
 (4) such direction would not involve the Trustee in personal liability unless the Trustee is willing to
act and such Holders offer and, if requested, provide to the Trustee security or indemnity reasonably satisfactory to the Trustee against any such liability. 
 Section 5.13 Waiver of Past Defaults. The Holders of not less than a majority in interest of the Outstanding Securities may on behalf of the holders of all the Securities waive any past
Default hereunder and its consequences, except a Default 
 (1) in any Amortization Payments or Prepayments due and payable on
any Security, or 
 (2) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended
without the consent of the Holder of each Outstanding Security affected. 
 Upon any such waiver, such Default shall cease to
exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture, and the Company, the Trustee and the Holders shall be restored to their former positions and rights hereunder, respectively;
but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 
 Section 5.14
Undertaking for Costs. All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right
or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in
its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of
this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders holding in the aggregate more than 10% in interest of the Outstanding Securities, or
to any suit instituted by any Holder for the enforcement of the payment of Amortization Payments or Prepayments on any Security on or after the final Amortization Payment Date due date therefor. 

  
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 ARTICLE VI 
 THE TRUSTEE 
 Section 6.01 Duties of Trustee. 

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

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

(i) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and
no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (ii) in the
absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements
of this Indenture. However, in the case of any such certificates or opinions which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such certificates and opinions to determine whether or
not they conform to the requirements of this Indenture. 
 (c) The Trustee may not be relieved from liability for its own
negligent action, its own negligent failure to act or its own bad faith or willful misconduct, except that: 

(i) this paragraph (c) does not limit the effect of paragraph (b) or (f) of this Section 6.01; 

(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer unless it is
proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) 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 from the Holders in accordance herewith. 
 (d) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company. 

(e) Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(f) No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur financial liability in
the performance of any of its duties hereunder or in the exercise of any of its rights or powers, if it shall have reasonable grounds to believe that repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it. 

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

(h) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company shall be
sufficient if signed by an Authorized Officer of the Company. 
 (i) 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 unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses (including
reasonable attorneys’ fees and expenses) and liabilities that might be incurred by it in compliance with such request or direction. 
 Section 6.02 Notice of Defaults. Within 90 days after the occurrence of any Default hereunder with respect to the Securities, the Trustee shall transmit by mail to all Holders of Securities,
as their names and addresses appear in the Security Register, notice of such Default hereunder known to the Trustee, unless such Default shall have been cured or waived; provided, however, that, except in the case of a Default in the payment of the
Amortization Payments or Prepayments on any Security, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors and/or Responsible Officers of the
Trustee in good faith determine that the withholding of such notice is in the interest of the Holders of Securities. 

Section 6.03 Certain Rights of Trustee. 
 (a) The Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order,
bond, debenture, note, other evidence of indebtedness, approval or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(b) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and
any resolution of the Board of Directors of the Company may be sufficiently evidenced by a Board Resolution; 
 (c) whenever in
the administration of this Indenture the Trustee shall deem it desirable that a matter be proven or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may,
in the absence of bad faith on its part, rely upon an Officer’s Certificate; 
 (d) the Trustee may consult with counsel,
and the advice of such counsel or any opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

  
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 (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 security or indemnity against the costs, expenses and liabilities which might be incurred by
it in compliance with such request or direction; 
 (f) except during the continuance of an Event of Default, the Trustee shall
not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or
other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit; 
 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any
misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 
 (h) the Trustee may
conclusively rely and shall be fully protected in acting or refraining from acting on any document reasonably 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; 
 (i) before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or
an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on an Officers’ Certificate or Opinion of Counsel; 

(j) the Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent
appointed with due care by it hereunder; 
 (k) the Trustee shall not be liable for any action it takes, suffers or omits to
take in good faith which it believes to be authorized or within its rights or powers; 
 (l) if the Trustee shall determine, it
shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 

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

  
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 (o) the Trustee may request that the Company deliver an Officers’ Certificate setting
forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate,
including any person specified as so authorized in any such certificate previously delivered and not superseded; 
 (p) anything
in this Indenture notwithstanding, in no event shall the Trustee be liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including but not limited to loss of profit), even if the Trustee has been advised as
to the likelihood of such loss or damage and regardless of the form of action; and 
 (q) the Trustee shall not be responsible
or liable for any failure or delay in the performance of its obligations under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes;
fire; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; interruptions; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; labor disputes; acts of civil or
military authority and governmental action. 
 No provision of this Indenture shall require the Trustee to expend or risk its
own funds or otherwise incur any personal financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there shall be reasonable grounds for believing that repayment of such funds or
adequate indemnity against such risk or liability is not reasonably assured to it. 
 Section 6.04 Trustee Not
Responsible for Recitals in Indenture or in Securities. The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Company, and the Trustee assumes no
responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture,
and to authenticate the Securities and perform its obligations hereunder. The Trustee shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 

Section 6.05 May Hold Securities. The Trustee, any Paying Agent, any Security Registrar or any other agent of the
Company, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to TIA Sections 310(b) and 311 (which shall be deemed to apply to the Trustee whether or not this Indenture is then subject to the TIA), may
otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar or such other agent. 
 Section 6.06 Money Held in Trust. Subject to the provisions of Section 4.04, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the
purposes for which they were received, but need not be segregated from other funds except to the extent required by law. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from
time to time upon the receipt of a Company Order with respect thereto. 

  
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 Section 6.07 Compensation and Reimbursement. The Company covenants and agrees to
pay to the Trustee from time to time, and the Trustee shall be entitled to, such compensation as the Company and the Trustee shall agree in writing for all services rendered by it hereunder (which shall not be limited by any provision of law in
regard to the compensation of a trustee of an express trust), and, except as otherwise expressly provided, the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the
Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents, attorneys and counsel and of all persons not regularly in its employ) except any such
expense, disbursement or advance as may arise from its negligence or bad faith. If any property other than cash shall at any time be subject to a lien in favor of the Holders, the Trustee, if and to the extent authorized by a receivership or
bankruptcy court of competent jurisdiction or by the supplemental instrument subjecting such property to such lien, shall be entitled to make advances for the purpose of preserving such property or of discharging tax liens or other prior liens or
encumbrances thereon. The Company also covenants to indemnify the Trustee and its directors, officers, agents and employees for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on the part of
the Trustee, arising out of or in connection with the acceptance or administration of this trust and the performance of its duties hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the
exercise or performance of any of its powers or duties hereunder or enforcement of this Indenture (including this Section 6.07). The obligations of the Company under this Section shall constitute additional indebtedness hereunder and shall
survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. Such additional indebtedness shall be secured by a lien prior to that of the Securities upon all property and funds held or collected by the
Trustee, as such, except funds held in trust for the payments due on particular Securities. The Trustee’s right to receive payment of any amounts due under this Section 6.07 shall not be subordinate to any other liability or indebtedness
of the Company. When the Trustee incurs expenses or renders services in connection with the occurrence of an Event of Default under Sections 5.01(4) or (5), the expenses (including the reasonable fees, charges and expenses of its counsel) are
intended to constitute expenses of administration under any applicable bankruptcy law; provided that this shall not affect the Trustee’s rights as set forth herein. 
 Section 6.08 Corporate Trustee Required; Eligibility. There shall at all times be a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) (whether or not
this Indenture is then subject to the TIA) and shall have a combined capital and surplus of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of a supervising or
examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time
the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in Section 6.09. 

Section 6.09 Resignation and Removal; Appointment of Successor. (a) No resignation or removal of the Trustee and no
appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.10. 

  
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 (b) The Trustee may resign at any time by giving written notice thereof to the Company and
by mailing notice thereof to the Holders of the Securities, as their names and addresses appear in the Security Register. If the instrument of acceptance by a successor Trustee required by Section 6.10 shall not have been delivered to the
Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee, or any Holder or Holders of at least 10% in interest of the
Outstanding Securities who has been a bona fide holder of a Security or Securities for at least six months may, subject to the provisions of Section 5.14, on behalf of himself and all others similarly situated, petition any such court for the
appointment of a successor Trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor Trustee. 
 (c) The Trustee may be removed and a successor Trustee appointed at any time with respect to the Securities by Act of the Holders of a majority in interest of the Outstanding Securities, delivered to the
Trustee so removed, to the successor Trustee and to the Company. 
 (d) If at any time: 

(1) the Trustee shall fail to comply with the provisions of TIA Section 310(b) (which shall be deemed to apply to the
Trustee whether or not this Indenture is then subject to the TIA) after written request therefor by the Company or by any Holder or any Holders of at least 25% in interest of the Outstanding Securities who has been a bona fide holder of a Security
for at least six months, or 
 (2) the Trustee shall cease to be eligible under Section 6.08 and shall fail
to resign after written request therefor by the Company or by any such Holder or Holders, or 
 (3) the Trustee
shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation, then, in any such case, the Company by a Board Resolution may remove the Trustee and appoint a successor Trustee with respect to all Securities, one copy of which Board Resolution shall be
delivered to the Trustee so removed and one copy to the successor Trustee, or any Holder or Holders of at least 25% in interest of the Outstanding Securities who has been a bona fide holder of a Security for at least six months may, on behalf of
himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. Such court may thereupon, after such
notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor Trustee. 
 (e) If the Trustee
shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees
with respect to the Securities and shall comply with the applicable requirements of Section 6.10. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the
Securities shall be appointed by Act of the 

  
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Holders of a majority in interest of the Outstanding Securities delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such
appointment in accordance with the applicable requirements of Section 6.10, become the successor Trustee with respect to the Securities and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with
respect to the Securities shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 6.10, any Holder or Holders of at least 25% in interest of the Outstanding Securities who has been a
bona fide holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities. 

Section 6.10 Acceptance of Appointment by Successor. (a) In case of the appointment hereunder of a successor Trustee,
every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become
effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring
Trustee shall, upon payment of its charges pursuant to Section 6.07, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver
to such successor Trustee all property and money held by such retiring Trustee hereunder. 
 (b) Upon request of any such
successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) of this Section. 

(c) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
 (d) Upon acceptance of appointment by a successor Trustee as provided in this Section, the
Company shall mail notice of the succession of such Trustee hereunder to the Holders of the Securities as their names and addresses appear on the Security Register. If the Company fails to mail such notice within 10 days after acceptance of
appointment by the successor Trustee, the successor Trustee shall cause such notice to be mailed at the expense of the Company. 

Section 6.11 Merger, Conversion, Consolidation or Succession to Business. Any corporation into which the Trustee may be
merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust
business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of
the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver
the Securities so authenticated with the same effect as if such 

  
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successor Trustee had itself authenticated such Securities; and in case at that time any of the Securities shall not have been authenticated, any successor Trustee may authenticate such
Securities either in the name of any predecessor hereunder or in the name of the successor Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Securities or in this Indenture provided that the
certificate of the Trustee shall have; provided, however, that the right to adopt the certificate of authentication of any predecessor Trustee or to authenticate Securities in the name of any predecessor Trustee shall apply only to its successor or
successors by merger, conversion or consolidation. 
 ARTICLE VII 

HOLDERS’ LISTS AND REPORTS 
 BY TRUSTEE AND COMPANY 
 Section 7.01 Names and Addresses of
Holders. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of the Holders. If the Trustee is not the Securities Registrar, the Company shall furnish or
cause the Securities Registrar to furnish to the Trustee before each Regular Record Date and at such other times as the Trustee may request in writing a list as of such date and in such form as the Trustee may reasonably request of the names and
addresses of the Holders, which list may be conclusively relied upon by the Trustee. Each and every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any
Security Registrar nor any Paying Agent shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders in accordance with this Section 7.01, regardless of the source from which such
information was derived. 
 Section 7.02 Reports by Trustee. On or before July 31, 2010, and on or before
July 31 in every year thereafter, whether or not this Indenture is then governed by the TIA, and so long as any Securities are Outstanding hereunder, the Trustee shall transmit to the Holders, in the manner provided in TIA Section 313(c),
and to the Company a brief report, dated as of the preceding May 31 and required (or that would be required if this Indenture were then subject to the TIA) by TIA Section 313(a). 

Section 7.03 Reports by Company. The Company covenants and agrees to file with the Trustee: 

(a) as soon as available, but in any event within 120 days after the end of each fiscal year of the Company commencing January 1,
2010, a copy of the audited consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of such year and the related audited consolidated statements of operations and comprehensive income, member’s interest and
cash flows for such year setting forth in each case in comparative form the figures for the previous year, audited by KPMG LLP or other independent registered public accounting firm of nationally recognized standing; and 

  
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 (b) as soon as available, but in any event not later than 45 days after the end of each of
the first three quarterly periods of each fiscal year of the Company commencing January 1, 2010, the unaudited consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of such quarter and the related unaudited
consolidated statements of operations and comprehensive income, member’s interest and cash flows for such quarter and the portion of the fiscal year through the end of such quarter and setting forth in each case in comparative form the figures
for the previous year. 
 All financial statements referred to in Section 7.03(a) and (b) above shall be prepared in
reasonable detail and in accordance with GAAP applied (except (x) as disclosed in reasonable detail therein or excepted therein and (y) as to the financial statements provided pursuant to Section 7.03(b), subject to the absence of
footnotes and year-end adjustments (unless such footnotes and year-end adjustments are otherwise provided in accordance with the Company’s then current internal quarterly accounting practices)) consistently throughout the periods reflected
therein and with prior periods. 
 Prior to the consummation of an IPO, the Trustee and each Holder that is a Competitor (or an
Affiliate thereof) agree, whether prior to or after a Default or Event of Default has occurred or is continuing, that such Holder is not entitled to receive or access any financial statements or other information delivered to the Trustee pursuant to
this Section 7.03 without the Company’s prior written consent (which shall not be unreasonably withheld, delayed or conditioned); provided, that, such restrictions are subject to, after giving effect to the waivers set forth in this
paragraph, the Trustee’s duties to such Holder. Upon the request, the Trustee will be entitled to obtain prompt written confirmation from the Company as to whether (x) a Holder or prospective Holder is a Competitor (or an Affiliate
thereof) or (y) the Company has consented that a Holder that is a Competitor (or an Affiliate thereof) may receive such financial statements or other information and, in each case, may conclusively rely on such confirmation. To the extent it
may lawfully do so, each Holder waives any duty or other obligation (fiduciary or otherwise) that the Trustee may have to it in connection with the Trustee’s compliance with the restrictions set forth in this Section 7.03 with respect to
not furnishing financial statements or other information to a Competitor (or an Affiliate thereof). 
 If (and for so long as)
the Company, or an entity of which the Company is a consolidated Subsidiary becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the Securities Exchange Act of 1934, then the covenants set forth in Sections 7.03(a)
and (b) shall be of no further force or effect and the Company shall (i) within 15 days after the Company is required to file the same with the Commission, file with the Trustee 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 Commission may from time to time by rules and regulations prescribe) which the Company may be required to file with the Commission pursuant to Section 12(g)
or Section 15(d) of the Securities Exchange Act of 1934 and (ii) file with the Trustee and the Commission, in accordance with the rules and regulations prescribed from time to time by the Commission, such additional information, documents,
and reports with respect to compliance by the Company with the conditions and covenants provided for in this Indenture as may be required from time to time by such rules and regulations. 

Delivery of any reports, information or documents to the Trustee described in this Section 7.03 is for informational purposes only,
and the Trustee’s receipt of such should not constitute constructive notice of any information contained therein or determinable from 

  
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information contained therein including the Company’s compliance with any covenant hereunder (as to which the Trustee is entitled to rely conclusively on an Officer’s Certificate). The
Trustee is under no duty to examine such reports, information or documents to ensure compliance with the provisions of this Indenture or to ascertain the correctness of the information or statements contained therein. The Trustee is entitled to
assume such compliance and correctness unless a Responsible Officer of the Trustee is informed otherwise. 
 ARTICLE VIII

 CONSOLIDATION, MERGER, SALE OR CONVEYANCE 
 Section 8.01 Consolidations and Mergers of Company and Conveyances Permitted Subject to Certain Conditions. The Company may consolidate with, or sell or convey all or substantially all its
assets to, or merge with or into any other Person (other than an individual); provided, however, that in any such case, (i) the successor entity shall be an entity organized and existing under the laws of the United States of America or a State
thereof and such entity shall expressly assume the obligation to make the Amortization Payments or Prepayments on all the Securities when and as the same become due and the due and punctual performance and observance of all the covenants and
conditions of this Indenture to be performed by the Company, by an indenture supplemental hereto reasonably satisfactory to the Trustee, executed and delivered to the Trustee by such entity, and (ii) such successor entity shall not, immediately
after such merger or consolidation or such sale or conveyance, be in default in the performance of any such covenant or condition. 
 Section 8.02 Rights and Duties of Successor Corporation. In case of any such consolidation, merger, sale or conveyance and upon any such assumption by the successor entity, such successor
entity shall succeed to and be substituted for the Company with the same effect as if it had been named herein as the Company, and the predecessor corporation shall be relieved of any further obligation under this Indenture. Such successor entity
thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Securities issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon
the order of such successor entity, instead of the Company, and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver any Securities which previously shall have been
signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities which such successor entity thereafter shall cause to be signed and delivered to the Trustee for that purpose. All Securities so issued shall
in all respects have the same legal rank and benefit under this Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued at the date of the execution
hereof. 
 In case of any such consolidation, merger, sale or conveyance such changes in phraseology and form (but not in
substance) may be made in the Securities thereafter to be issued as may be appropriate. 
 Section 8.03 Officer’s
Certificate and Opinion of Counsel. The Trustee, subject to the provisions of Section 6.03, may receive an Officer’s Certificate and an Opinion of Counsel, if required, as conclusive evidence that any such consolidation, merger, sale
or conveyance, and any such assumption, complies with the provisions of this Article Eight. 

  
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 ARTICLE IX 
 SUPPLEMENTAL INDENTURES 
 Section 9.01 Supplemental Indentures
Without Consent of Holders. The Company, when authorized by a Board Resolution, and the Trustee may, from time to time and at any time, enter into an indenture or indentures supplemental hereto for one or more of the following purposes:

 (1) to evidence the succession of another corporation to the Company, or successive successions, and the assumption by the
successor corporation of the covenants, agreements and obligations of the Company pursuant to Article Eight hereof; or 
 (2) to
add to the covenants of the Company or to add rights or remedies for the benefit of the Holders of Securities or to surrender any right or power herein conferred upon the Company; or 

(3) to add any additional Events of Default for the benefit of the Holders; provided, however, that in respect of any such additional
Events of Default such supplemental indenture may provide for a particular period of grace after Default (which period may be shorter or longer than that allowed in the case of other Defaults) or may provide for an immediate enforcement upon such
Default or may limit the remedies available to the Trustee and the Holders upon such Default or may limit the right of the Holders of a majority in interest of Securities to which such additional Events of Default apply to waive such Default; or

 (4) to add to or change any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate
the issuance of Securities in (i) bearer form, registrable or not registrable as to principal, and/or (ii) coupon form, registrable or not registrable as to principal, and to provide for exchangeability of such Securities with Securities
issued hereunder in fully registered form; or 
 (5) to cure any ambiguity, to correct or supplement any provision herein or in
any supplemental indenture which may be defective or inconsistent with any other provision herein or in any supplemental indenture, or to make such other provisions with respect to matters or questions arising under this Indenture, provided that
such other provisions shall not adversely affect the interests of the Holders of the Securities in any material respect; or 

(6) to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and
discharge of any Securities pursuant to Sections 4.01, 12.02 and 12.03; provided that any such action shall not adversely affect the interests of the Holders of the Securities in any material respect; or 

(7) to secure the Securities; or 

  
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 (8) to evidence and provide for the acceptance of appointment hereunder by a successor
Trustee with respect to the Securities; or 
 (9) to comply with the rules of any applicable securities Depository; or

 (10) in connection with the registration of the Securities under the Securities Act of 1933, to add or modify such provisions
of this Indenture (i) as are necessary in order for this Indenture to comply with and conform to the applicable provisions of the Trust Indenture Act of 1939 and (ii) to provide for a co-issuer of the Securities that is a corporation.

 The Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, to make any
further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder. 

Any supplemental indenture authorized by the provisions of this Section 9.01 may be executed by the Company and the Trustee without
the consent of the Holders of any of the Outstanding Securities, notwithstanding any of the provisions of Section 9.02. 

Section 9.02 Supplemental Indentures With Consent of Holders. With the consent of the Holders of not less than a majority in
interest of the Outstanding Securities, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may, from time to time and at any time, enter into an indenture or
indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of
Securities under this Indenture; provided, however, that no such supplemental indenture shall (i) extend the due date of any Amortization Payment or Prepayment, or reduce the amount of any such Amortization Payment or Prepayment, or
(ii) impair the right to receive Amortization Payments or Payment with respect to any Security or the right to institute suit for the enforcement of any such payment on or after the relevant due date thereof, or (iv) change the place or
currency of payment of Amortization Payments or Prepayments in respect of the Securities, or (v) change the amendment provisions which require each Holder’s consent, or (vi) reduce the aforesaid percentage in interest of the
Outstanding Securities, the consent of whose Holders is required for any such supplemental indenture, in each case, without the consent of each Holder of Outstanding Securities affected thereby. 

Upon the request of the Company accompanied by a copy of a Board Resolution authorizing the execution of any such supplemental indenture,
and upon the filing with the Trustee of evidence of the consent of Holders as aforesaid, the Trustee shall join with the Company in the execution of such supplemental indenture. 

It shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

  
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 Notwithstanding anything contained in this Indenture, with the consent of the New VEBA, by
Act of said Holder delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may, from time to time and at any time, enter into an indenture or indentures supplemental hereto for the purpose of
changing in any manner or eliminating Section 5.01(3). 
 Section 9.03 Execution of Supplemental Indentures. In
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and shall be fully
protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which
affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Section 9.04 Effect of
Supplemental Indentures. Upon the execution of any supplemental indenture pursuant to the provisions of this Article, this Indenture shall be and be deemed to be modified and amended in accordance therewith, and the respective rights,
limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the Holders shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments,
and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
 Section 9.05 Reference in Securities to Supplemental Indentures. Securities authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and
shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities so modified as to conform, in the opinion of the
Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and such Securities may be authenticated and delivered by the Trustee in exchange for Outstanding Securities. 

ARTICLE X 

PARTICULAR COVENANTS OF THE COMPANY 
 Section 10.01 Payment of Amortization Payments. The Company covenants and agrees for the benefit of each Holder of the Securities that it will duly and punctually pay or cause to be paid the
Amortization Payments on the Securities in accordance with the terms of the Securities and this Indenture. At the option of the Company, all Amortization Payments may be paid by official bank check to the registered Holder of the Security or other
person entitled thereto against surrender of such Security or by wire transfer to an account of the Person entitled thereto as such account shall have been provided to the Security Registrar. 

  
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 Section 10.02 Maintenance of Office or Agency. The Company will maintain at the
Place of Payment for the Securities an office or agency where the Securities may be presented or surrendered for payment, where the Securities may be surrendered for registration of transfer or exchange as provided in this Indenture and where
notices and demands to or upon the Company in respect of the Securities and this Indenture may be served. The Company will give notice to the Trustee of the location, and any change in the location, of each such office or agency. In case the Company
shall fail to maintain any such required office or agency or shall fail to give notice of the location or of any change thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust office of the Trustee.
The Company hereby initially appoints the Trustee as its office or agency for each of said purposes. 
 The Company may also
from time to time designate one or more other offices or agencies where the Securities may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or
rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the Place of Payment for Securities for such purposes. The Company will give prompt written notice to the Trustee of any such designation or
rescission and of any change in the location of any such other office or agency. 
 Section 10.03 Money for Securities
Amortization Payments or Prepayments to be Held in Trust. If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before the due date for each Amortization Payment or Prepayment in respect of
any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the Amortization Payment or Prepayment so becoming due. The Company will promptly notify the Trustee of any failure to take
such action or the failure by any other obligor on the Securities to make any payment of an Amortization Payment or Prepayment on the Securities when the same shall be due and payable. 

Whenever the Company shall have one or more Paying Agents, it will, prior to the due date for each Amortization Payment or Prepayment in
respect of the Securities, deposit with a Paying Agent a sum sufficient to pay the Amortization Payment or Prepayment so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such Amortization Payment or Prepayment,
and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

The Company will cause each Paying Agent, other than the Trustee, to execute and deliver to the Trustee an instrument in which such
Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 
 (1) hold
all sums held by it for the payment of an Amortization Payment or Prepayment (whether such sums have been paid to it by the Company or by any other obligor on the Securities) in trust for the benefit of the Persons entitled thereto; 

(2) give the Trustee notice of any failure by the Company to make any payment of Amortization Payments or Prepayments on the Securities
when the same shall be due and payable; and 
 (3) at any time during the continuance of any Event of Default, upon the written
request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 

  
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 Anything in this Section to the contrary notwithstanding, the Company may, at any time, for
the purpose of obtaining satisfaction and discharge of this Indenture, or for any other reason, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held
by the Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect
to such money. 
 Section 10.04 Anti-Layering. The Company shall not, directly or indirectly, incur, create, issue,
assume, guarantee or otherwise become liable for any Debt that is senior in any respect in right of payment to the Securities. The Company may, directly or indirectly, incur, create, issue, assume, guarantee or otherwise become liable for any Debt
pari passu with, or subordinate to, the Securities. 
 Section 10.05 Limitation on Subsidiary Debt
Incurrence. The Company will not cause or permit any Subsidiary to, directly or indirectly, create, incur or assume any Indebtedness except (i) Indebtedness not denominated in Dollars (other than Dollar-denominated Indebtedness in Mexico or
in other foreign countries who are not members of the Organisation for Economic Co-operation and Development that is unsecured, or if secured, is secured by inventory and receivables) incurred by a Foreign Subsidiary solely for its or its own
Foreign Subsidiaries working capital purposes, (ii) Indebtedness of any Subsidiary that becomes a Subsidiary Guarantor, and (iii) Permitted Indebtedness. 
 Section 10.06 Further Instruments and Acts. The Company will, upon request of the Trustee, execute and deliver such further instruments and do such further acts as may reasonably be necessary
or proper to carry out more effectually the purposes of this Indenture. 
 ARTICLE XI 

PREPAYMENT 
 Section 11.01 Applicability of Article. Amortization Payments on the Securities shall be prepayable at the election of the Company in accordance with their terms and in accordance with this
Article. 
 Section 11.02 Election to Repay; Notice to Trustee. The Company may elect to prepay any Amortization
Payment, in whole or in part, at any time without penalty. In case of any Prepayment at the election of the Company of less than all the Securities, the Company shall, at least ten (10) days prior to the Prepayment Date fixed by the Company
(unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Prepayment Date and of the amount of Prepayment and shall deliver to the Trustee such documentation and records as shall enable the Trustee to determine the
effect of the Prepayment pursuant to Section 11.03. 

  
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 Section 11.03 Application of Prepayment. So long as no Default or Event of
Default shall have occurred and be continuing, any Prepayment shall be applied by the Company to reduce the next two annual aggregate Amortization Payments due following such Prepayment. To the extent that any Prepayment as adjusted to give effect
to the implied interest rate of 9% per annum (computed on the basis of a year of 365/366 days) exceeds the amount of the next two annual aggregate Amortization Payments due following such Prepayment, such excess shall be applied to reduce the
subsequent scheduled Amortization Payments in inverse order of maturity, and such subsequent scheduled Amortization Payments shall also be adjusted to give effect to the implied interest rate of 9% per annum. For the avoidance of doubt, any
Prepayment made by the Company will be applied to reduce future Amortization Payments by giving effect to the implied interest rate of 9% per annum. For example, a $1,000,000 Prepayment made six (6) months prior to an annual Amortization
Payment Date shall be applied to reduce the annual Amortization Payment due on such date by $1,045,000 (i.e., the amount prepaid plus 9% interest per annum on such amount applied for such six (6) month period). 

Section 11.04 Notice of Prepayment. Notice of Prepayment shall be given by the Company or, at the Company’s request, by
the Trustee. 
 All notices of Prepayment shall state: 
 (1) the Prepayment Date, 
 (2) the Prepayment amount, 

(3) the amended schedule of Amortization Payments after giving effect to the Prepayment; 

(4) that on the Prepayment Date the Prepayment will become due and payable, and 

(5) the place or places where such Securities are to be surrendered for payment of the Prepayment amount if the Securities are being
prepaid in full. 
 Section 11.05 Deposit of Prepayment Amount. On or before any Prepayment Date, the Company shall
deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.03) an amount of money sufficient to pay the Prepayment amount on that date.

 ARTICLE XII 
 DEFEASANCE AND COVENANT DEFEASANCE 
 Section 12.01 Company’s
Option to Effect Defeasance or Covenant Defeasance. Defeasance of the Securities under Section 12.02, or covenant defeasance under Section 12.03 shall be made in accordance with the terms of the Securities and in accordance with this
Article. 
 Section 12.02 Defeasance and Discharge. Upon the Company’s exercise of the above option applicable
to this Section, the Company shall be deemed to have been discharged from its obligations with respect to the Outstanding Securities on the date the conditions set forth below are satisfied (hereinafter, “defeasance”). For this
purpose, such defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the 

  
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Outstanding Securities, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 12.05 and the other Sections of this Indenture referred to in
(A) and (B) below, and to have satisfied all its other obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder: (A) the rights of Holders of Outstanding Securities to receive, solely from the trust fund described in Section 12.04
and as more fully set forth in such Section, Amortization Payments on such Securities when such Amortization Payments are due, (B) the Company’s obligations with respect to such Securities under Sections 2.02, 3.05, 3.06, 10.02 and 10.03,
(C) the rights, powers, trusts, duties, and immunities of the Trustee hereunder (including without limitation Section 6.07 hereto) and (D) this Article Twelve. Subject to compliance with this Article Twelve, the Company may exercise
its option under this Section 12.02 notwithstanding the prior exercise of its option under Section 12.03 with respect to the Securities. 
 Section 12.03 Covenant Defeasance. Upon the Company’s exercise of the above option applicable to this Section, the Company shall be released from its obligations under Sections 7.03,
10.04 and 10.05, and the Company shall be released from its obligations under any other covenant, with respect to the Outstanding Securities on and after the date the conditions set forth below are satisfied (hereinafter, “covenant
defeasance”), and the Securities shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection
with Sections 7.03, 10.04 and 10.05, or such other covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant defeasance means that, with respect to the Outstanding Securities,
the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such Section or such other covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any
such Section or such other covenant or by reason of any reference in any such Section or such other covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default
under subsection 5.01(3) of this Indenture, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby. 

Section 12.04 Conditions to Defeasance or Covenant Defeasance. The following shall be the conditions to application of either
Section 12.02 or Section 12.03 to the Outstanding Securities: 
 (1) The Company shall irrevocably have deposited or
caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 6.08 who shall agree to comply with the provisions of this Article Twelve applicable to it) as trust funds in trust for the purpose of making the
following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, (A) money in an amount, or (B) U.S. Government Obligations which through the scheduled payment of
Amortization Payments in respect thereof in accordance with their terms will provide, not later than one day before the Amortization Payment Date, money in an amount, or (C) a combination thereof, sufficient, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by 

  
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the Trustee (or other qualifying trustee) to pay and discharge the Amortization Payments on the Outstanding Securities on the Amortization Payment Date. For this purpose, “U.S. Government
Obligations” means securities that are (x) direct obligations of the United States of America for the payment of which its full faith and credit is pledged or (y) obligations of a person controlled or supervised by and acting as
an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case, are not callable or redeemable at the
option of the issuer thereof, and shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with respect to any such U.S. Government Obligation or a specific
payment of Amortization Payments on any such U.S. Government Obligation held by such custodian for the account of the holder of such depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction
from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of Amortization Payments on the U.S. Government Obligation evidenced by
such depository receipt. 
 (2) No Event of Default or event which with notice or lapse of time or both would become an Event of
Default with respect to the Securities shall have occurred and be continuing on the date of such deposit or, insofar as subsections 5.01(4) and (5) are concerned, at any time during the period ending on the 61st day after the date of such
deposit (it being understood that this condition shall not be deemed satisfied until the expiration of such period). 
 (3) Such
defeasance or covenant defeasance shall not cause the Trustee for the Securities to have a conflicting interest as defined in the TIA with respect to any securities of the Company (whether or not this Indenture is then subject to the TIA).

 (4) Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a Default under, this
Indenture or any other material agreement or instrument other than this Indenture to which the Company is a party or by which it is bound. 
 (5) In the case of an election under Section 12.02, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (x) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling, or (y) since the date of the first issuance by the Company of Securities pursuant to this instrument, there has been a change in the applicable Federal income tax law, in either case to the
effect that, and based thereon such opinion shall confirm that, the Holders of the Outstanding Securities will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income
tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred. 
 (6) In the case of an election under Section 12.03, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of the Outstanding Securities will not
recognize income, gain or loss for Federal income tax purposes as a result of such covenant defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such
covenant defeasance had not occurred. 

  
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 (7) The Company shall have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel, each stating that all conditions precedent provided for relating to either the defeasance under Section 12.02 or the covenant defeasance under Section 12.03 (as the case may be) have been complied with. 

Section 12.05 Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions. Subject to
the provisions of the last paragraph of Section 10.03, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee pursuant to Section 12.04 in respect of the Outstanding Securities shall be held
in trust and applied by the Trustee, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Holders of such Securities of all sums due and to become due thereon in respect of Amortization Payments, but such money need not be segregated from other funds except to the extent required by law. 

The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government
Obligations deposited pursuant to Section 12.04 or the Amortization Payments received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Outstanding Securities. 

Anything in this Article Twelve to the contrary notwithstanding, the Trustee shall deliver or pay to the Company, from time to time upon
Company Request, any money or U.S. Government Obligations held by it as provided in Section 12.04 which, in the opinion of a nationally recognized firm of independent public accountants certification thereof delivered to the Trustee, are in
excess of the amount thereof which would then be required to be deposited to effect an equivalent “defeasance” or “covenant defeasance”. 
 Section 12.06 Reinstatement. If the Trustee is unable to apply any money or U.S. Government Obligations in accordance with Section 12.05 with respect to the Securities by reason of any
legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the obligations of the Company under this Indenture and such Securities shall be revived
and reinstated as though no deposit had occurred with respect to the Securities pursuant to Section 12.04 until such time as the Trustee is permitted to apply all such money or U.S. Government Obligations in accordance with Section 12.05.

 ARTICLE XIII 
 IMMUNITY OF INCORPORATORS, 
 STOCKHOLDERS, 

OFFICERS, DIRECTORS AND EMPLOYEES 
 Section 13.01 Exemption from Individual Liability. No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Security, or for any claim based thereon or
otherwise in respect thereof, shall be had against any incorporator, stockholder, officer, director or employee, as such, past, present or future, of the Company or of any 

  
 -57-

 
successor corporation, either directly or through the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it
being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations of the Company, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators,
stockholders, officers, directors or employees, as such, of the Company or of any successor corporation, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements
contained in this Indenture or in any of the Securities or implied therefrom; and that any and all such personal liability, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every
such incorporator, stockholder, officer, director or employee, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the
Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of such Securities. 

ARTICLE XIV 

MISCELLANEOUS PROVISIONS 
 Section 14.01 Successors and Assigns of Company Bound by Indenture. All the covenants, stipulations, promises and agreements in this Indenture contained by or in behalf of the Company shall
bind its respective successors and assigns, whether so expressed or not. 
 Section 14.02 Acts of Board, Committee or
Officer of Successor Corporation Valid. Any act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or officer of the Company shall and may be done and performed with like force
and effect by the like board, committee or officer of any corporation that shall at that time be the successor of the Company. 

Section 14.03 Required Notices or Demands. Any notice or demand which by any provision of this Indenture is required or
permitted to be given or served by the Trustee or by the Holders to or on the Company may, except as otherwise provided in Section 5.01(3), be given or served by being deposited postage prepaid in a post office letter box in the United States
addressed (until another address is filed by the Company with the Trustee), as follows: to the Company, New Carco Acquisition LLC, 1000 Chrysler Drive, Auburn Hills, MI 48326, Attention: General Counsel. Any notice, direction, request or demand by
the Company or by any Holder to or upon the Trustee may be given or made, for all purposes, by being deposited postage prepaid in a post office letter box in the United States addressed to the Corporate Trust Office of the Trustee. Any notice
required or permitted to be mailed to a Holder by the Company or the Trustee pursuant to the provisions of this Indenture shall be deemed to be properly mailed by being deposited postage prepaid in a post office letter box in the United States
addressed to such Holder at the address of such Holder as shown on the Security Register. In any case, where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular
Holder shall affect the sufficiency of such notice with respect to other Holders. 

  
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 Where this Indenture provides for notice in any manner, such notice may be waived in writing
by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent
to the validity of any action taken in reliance upon such waiver. 
 In case, by reason of the suspension of or irregularities
in regular mail service, it shall be impractical to mail notice of any event to Holders when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be satisfactory to the
Trustee shall be deemed to be a sufficient giving of such notice. 
 Section 14.04 Indenture and Securities to be
Construed in Accordance with the Laws of the State of New York. This Indenture and each Security shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be governed by and construed in accordance
with the laws of said State, without regard to its principles of conflicts of laws. 
 Section 14.05 Waiver of Right to
Trial by Jury. THE PARTIES HERETO AND THE HOLDERS HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS INDENTURE OR ANY OF THE SECURITIES, INCLUDING CONTRACT CLAIMS, TORT CLAIMS,
BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. THE COMPANY AND THE TRUSTEE REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.
IN THE EVENT OF LITIGATION, A COPY OF THIS INDENTURE MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

Section 14.06 Indenture May be Executed in Counterparts. This Indenture may be executed in any number of counterparts, each
of which shall be an original, but all of which shall together constitute one and the same instrument. 
 U.S. Bank National
Association hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth. 

  
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 IN WITNESS WHEREOF, NEW CARCO ACQUISITION LLC has caused this Indenture to be duly signed
and acknowledged by an Authorized Officer, and its corporate seal to be affixed hereunto, and the same to be attested by its secretary; and U.S. BANK NATIONAL ASSOCIATION, as Trustee, has caused this Indenture to be duly executed by one of its Vice
Presidents thereunto duly authorized. 
  

			
	NEW CARCO ACQUISITION LLC
		
	By:	 	/s/ Giorgio Fossati
		 	Name: Giorgio Fossati
		 	Title: Vice President and Secretary
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as Trustee

		
	By:	 	/s/ Richard Prokosch
		 	Name:Richard Prokosch
		 	Title: Vice President

  
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 EXHIBIT A: FORM OF SECURITY 
 THIS SECURITY IS SUBJECT TO THE TRANSFER RESTRICTIONS SET FORTH IN THE INDENTURE. 
 THIS SECURITY
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. 
 THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY OR ANY INTEREST OR PARTICIPATION HEREIN, ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY
THEREOF, (B) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THE SECURITY FOR ITS OWN ACCOUNT, OR FOR THE
ACCOUNT OF SUCH AN INSTITUTIONAL ACCREDITED INVESTOR, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, (C) PURSUANT TO A REGISTRATION STATEMENT WHICH
HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT OR (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER,
SALE OR TRANSFER PURSUANT TO CLAUSE (B) OR (D) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. IN EACH OF THE FOREGOING CASES, A CERTIFICATE OF TRANSFER IN THE FORM
APPEARING ON THE OTHER SIDE OF THIS SECURITY SHALL BE COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE TRUSTEE. 

 NEW CARCO ACQUISITION LLC 

NOTES DUE 2023 
  

 
 [CUSIP No.
                    ] 
 $

 No. 

NEW CARCO ACQUISITION LLC, a limited liability company duly organized and existing under the laws of the State of Delaware (herein called
the “Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                    , or registered assigns, the annual Amortization Payments on July 15 in each year, commencing July 15, 2010,
until the principal hereof is paid or made available for payment. Interest on any overdue payment shall accrue at a rate of 9% per annum on the overdue amount from the applicable Amortization Payment Date to the date of actual payment. The
Amortization Payment so payable, and punctually paid or duly provided for, on any Amortization Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered
at the close of business on the Regular Record Date for such Amortization Payment, which shall be July 1 (whether or not a business day), as the case may be, next preceding such Amortization Payment Date. 

Amortization Payments on this Security will be made at the office or agency of the Company maintained for that purpose in the Borough of
Manhattan, the City and State of New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts and in immediately available funds; provided, however, that at the
option of the Company payment of Amortization Payments may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire transfer of immediately available funds to an account
of the Person entitled thereto as such account shall be provided to the Security Registrar and shall appear on the Security Register. 
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

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

IN WITNESS WHEREOF, the Company has caused this Security to be signed by an Authorized Officer, manually or in facsimile, and a facsimile
of its corporate seal to be imprinted hereon. 
 Dated: 

							
	[CORPORATE SEAL]	 		 	NEW CARCO ACQUISITION LLC
				
	 	 		 	By	 	  
	 Attest:
	 		 	 	 	 
		 		 	By	 	 
	 	 		 		 	

 This is one of the Securities designated therein referred to in the within-mentioned
Indenture. 
  

			
	 U.S. BANK NATIONAL ASSOCIATION,
as Trustee

		
	By:	 	 
		 	Authorized Signatory

 REVERSE OF SECURITY 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued
under an Indenture, dated as of June 10, 2009 (herein called the “Indenture”), between the Company and U.S. Bank National Association, as Trustee (herein called the “Trustee”, which term includes any successor
trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the
Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. 
 The
Securities are subject to Prepayment in whole or in part at the election of the Company as provided in the Indenture. 
 The
Securities are subject to the defeasance and covenant defeasance provisions set forth in Article Twelve of the Indenture. 
 If
an Event of Default with respect to the Securities shall occur and be continuing, the Amortization Payments in respect of the Securities may be declared prepayable in the manner and with the effect provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders of the Securities to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in interest of the Outstanding Securities. The
Indenture also contains provisions permitting the Holders of specified percentages in interest of the Outstanding Securities, on behalf of the Holders of all Outstanding Securities, to waive compliance by the Company with certain provisions of the
Indenture and certain past Defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to make the
Amortization Payments on this Security herein provided, and at the times, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration
of transfer at the office or agency of the Company in any Place of Payment on this Security, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

 The Securities are issuable only in registered form without coupons in denominations of
$1,000 and any integral multiple of $1,000 in excess thereof. 
 No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith (except in connection with the initial issuance of the Securities to the New VEBA or [VEBA
Holdcos]). 
 Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of
the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by
notice to the contrary. 
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned
to them in the Indenture. 

 ASSIGNMENT FORM 

If you, the Holder, want to assign this Security, fill in the form below and have your signature guaranteed: 

I or we assign and transfer this Security to: 
  

 

_____________________________________________________________________________________(“Transferee”) 

(Print or type name, address and zip code and 
 social security or tax ID number of assignee) 
 and irrevocably
appoint___________________________________________________________________agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 

									
					
	Dated:	 	 	 		 	Signed:	 	 
		 		 		 		 	(Sign exactly as your name appears on the other side of this Security)
		
	Signature Guarantee:                       
                                         
                        	 	

 In connection with any transfer of this Security, the undersigned confirms that it has not
utilized any general solicitation or general advertising in connection with the transfer and that this Security is being transferred: 
 [Check One] 
  

					
			
	(1)	  	 ̈	  	to the Company or a subsidiary thereof; or
			
	(2)	  	 ̈	  	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933 as amended (the
“Securities Act”)) that has furnished to the Trustee a signed letter containing certain representations and agreements (the form of which letter can be obtained from the Trustee); or
			
	(3)	  	 ̈	  	pursuant to the exemption from registration provided by Rule 144 under the Securities Act; or
			
	(4)	  	 ̈	  	pursuant to the exemption from registration provided by Rule 144A under the Securities Act; or
			
	(5)	  	 ̈	  	pursuant to another available exemption under the Securities Act; or
			
	(6)	  	 ̈	  	pursuant to an effective registration statement under the Securities Act.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Securities evidenced by this certificate in the name of any person other than the registered Holder thereof;

 
provided that if box (2), (3) or (4) is checked, the Company or the Trustee may require, prior to registering any such transfer of the Securities, in its sole discretion, such
legal opinions, certifications (including an investment letter in the case of box (2)) and other information as the Trustee or the Company has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in
a transaction not subject to, the registration requirements of the Securities Act. 
 If none of the foregoing boxes is checked,
the Trustee or Registrar shall not be obligated to register this Security in the name of any person other than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in Section 3.05(b) of the
Indenture shall have been satisfied. 
 The Holder hereby represents that: 

[Check One] 
  

					
			
	(1)	  	 ̈	  	the Transferee is not a Competitor (or an Affiliate thereof) (as defined in the Indenture); or
			
	(2)	  	 ̈	  	the Transferee is a Competitor (or an Affiliate thereof).

 If box (2) above is checked and the Company has not consummated an IPO (as defined in the Indenture), the consent of the Company shall be required for the proposed transfer. 

									
					
	Dated:	 	 	 		 	Signed:	 	 
		 		 		 		 	(Sign exactly as your name appears on the other side of this Security)
		
	Signature Guarantee:                       
                                         
                        	 	

 If you are the Transferee of this Security, please complete the form below. 

In connection with the transfer of this Security, the undersigned represents and warrants to the Company and the Trustee that:

 [Check One] 
  

					
			
	(1)	  	 ̈	  	the Transferee is not a Competitor (or an Affiliate thereof) (as defined in the Indenture); or
			
	(2)	  	 ̈	  	the Transferee is a Competitor (or an Affiliate thereof).

 If box (2) above is checked and the Company has not consummated an IPO (as defined in the Indenture), the consent of the Company shall be required for the proposed transfer. 

									
					
	Dated:	 	 	 		 	Signed:	 	 
		 		 		 		 	(Sign exactly as your name appears on the other side of this Security)
		
	Signature Guarantee:                       
                                         
                        	 	

 [TO BE ATTACHED TO GLOBAL SECURITIES] 

SCHEDULE OF INCREASE OR DECREASE TO GLOBAL SECURITY 
 The following increases or decreases in this Global Security have been made: 
  

									
	 	  	 	  	 	  	Principal Amount of	  	 
	 	  	Amount of Decreases	  	Amount of Increases	  	this Global Security	  	Signature of
	 	  	in Principal Amount	  	in Principal Amount	  	Following Such	  	Authorized Officer
	 Date of Exchange
	  	 of this Global Security
	  	of this Global Security	  	Decreases or Increases	  	of Trustee

 FORM OF LEGEND FOR GLOBAL SECURITIES 

Any Global Security authenticated and delivered hereunder shall bear a legend (which would be in addition to any other legends required
in the case of a Restricted Security) in substantially the following form: 
 THIS SECURITY IS A GLOBAL SECURITY
WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY OR A SUCCESSOR DEPOSITORY. THIS SECURITY IS NOT EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON
OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY 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) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

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

 Form of Certificate To Be 

Delivered in Connection with 
 Transfers to Non-QIB Accredited Investors 

                    ,
         
 Re: NEW CARCO ACQUISITION LLC NOTE 

Ladies and Gentlemen: 
 In
connection with our proposed purchase of $                     aggregate principal amount of the Securities, we confirm that: 

2. We understand that any subsequent transfer of the Securities is subject to certain restrictions and conditions set forth in the
Indenture dated as of June 10, 2009 relating to the Securities (the “Indenture”) and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Securities except in compliance with, such
restrictions and conditions and the Securities Act of 1933, as amended (the “Securities Act”). 
 3. We
understand that the offer and sale of the Securities have not been registered under the Securities Act, and that the Securities may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of
any accounts for which we are acting as hereinafter stated, that if we should sell or otherwise transfer any Securities prior to the date which is within six months (or, in the case of a non-reporting issuer under the Securities Exchange Act of
1934, one year) after the original issuance of the Securities or the last date on which the Security is owned by the Company or any affiliate of the Company, we will do so only (i) to the Company or any of its subsidiaries, (ii) inside the
United States to an institutional “accredited investor” (as defined below); provided, that, prior to such transfer, the transferee furnishes (or has furnished on its behalf by a U.S. broker-dealer) to you a signed letter
containing certain representations and agreements relating to the restrictions on transfer of the Securities, substantially in the form of this letter, (iii) pursuant to the exemption from registration provided by Rule 144 under the Securities
Act (if available), (iv) pursuant to the exemption from registration provided by Rule 144A under the Securities Act, (v) pursuant to another available exemption under the Securities Act or (vi) pursuant to an effective registration
statement under the Securities Act, and we further agree to provide to any person purchasing any of the Securities from us, if applicable, a notice advising such purchaser that resales of the Securities are restricted as stated herein. 

4. We are not acquiring the Securities for or on behalf of, and will not transfer the Securities to, any pension or welfare plan (as
defined in Section 3 of the Employee Retirement Income Security Act of 1974). 
 5. We understand that, on any proposed
resale of any Securities, we will be required to furnish to you and the Company such certification, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing
restrictions. We further understand that the Securities purchased by us will bear a legend to the foregoing effect. 

 6. We are an institutional “accredited investor” (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Securities, and we
and any accounts for which we are acting are each able to bear the economic risk of our or their investment, as the case may be. 
 7. We are acquiring the Securities purchased by us for our own account or for one or more accounts (each of which is an institutional “accredited investor”) as to each of which we
exercise sole investment discretion. 
 8. We are not acquiring Securities with a view to any distribution thereof in a
transaction that would violate the Securities Act or the securities laws of any state of the United States or any other applicable jurisdiction; provided that the disposition of our property and the property of any accounts for which we are acting
as fiduciary shall remain at all times within our and their control. 
 You and the Company are entitled to rely upon this
letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby, and we agree to notify you promptly if
any of our representations or warranties herein cease to be accurate and complete. 
 This letter shall be governed by, and
construed in accordance with, the laws of the State of New York without regard to principles of conflicts of laws. 
  

			
	Very truly yours,
	
	[Name of Transferee]
		
	By:	 	 
		 	Authorized Signature

 Schedule 1.01(a): Auburn Hills Property 

Land situated in the City of Auburn Hills, County of Oakland, State of Michigan, with the address of 1000 Chrysler Drive, Auburn Hills, MI 48326,
together with all improvements thereon: 
 Part of Sections 13, 23 and 24, Town 3 North, Range 10 East described as beginning at a point

 distant North 87 degrees 07’ 26” East 2660.21 feet from the corner common to Sections 13, 14, 

23 and 24 (the Northwest corner of Section 24), thence 
 North 04 degrees 59’ 25” West 370.63 feet, thence 
 South 21 degrees 41’ 14”
East 86.73 feet, thence 
 South 23 degrees 24’ 46” East 1129.25 feet, thence 
 along a curve to the right, radius 2686.78 feet, chord bears South 13 degrees 55’ 08” East 886.38 feet, a distance of 890.45 feet, thence 
 along a curve to the right, radius 2686.78 feet, chord bears South 00 degrees 24’ 58” West 453.46 feet, a distance of 454 feet, thence 
 along a curve to the right, radius 2686.78 feet, chord bears South 15 degrees 23’ 28” West 945.50 feet, a distance of 950.45 feet, thence 
 South 25 degrees 31’ 31” West 896.06 feet, thence 
 along a curve to the left, radius
1000 feet, chord bears South 13 degrees 05’ 13” West 430.78 feet, a distance of 434.18 feet, thence 
 South 00 degrees 38’
54” West 1114.07 feet, thence 
 South 86 degrees 45’ 29” West 2318.87 feet as assessed (South 86 degrees 49’ 55” West
2311.74 feet as deeded), thence 
 South 87 degrees 34’ 43” West 1951.10 feet as assessed (South 87 degrees 34’ 43” West
1951.49 feet as deeded), thence 
 North 02 degrees 25’ 18” West 15 feet as assessed (North 02 degrees 25’ 17” West 75.00
feet as deeded), thence 
 South 87 degrees 34’ 43” West 261.12 feet, thence 
 North 05 degrees 30’ 30” West 756.96 feet, thence 
 North 16 degrees 59’ 28”
East 366.72 feet, thence 
 North 16 degrees 10’ 49” West 116.06 feet, thence 
 North 21 degrees 23’ 06” West 315.89 feet, thence 
 North 23 degrees 29’ 53”
West 268.76 feet, thence 
 North 03 degrees 26’ 31” East 206.60 feet, thence 
 North 21 degrees 22’ 20” East 235.46 feet, thence 
 North 59 degrees 46’ 55”
East 297.51 feet, thence 
 North 86 degrees 59’ 27” East 113.25 feet, thence 
 North 02 degrees 47’ 35” West 285.28 feet, thence 
 North 87 degrees 12’ 15”
West 56.79 feet, thence 
 North 85 degrees 03’ 54” West 280.22 feet, thence 
 North 66 degrees 18’ 08” West 266.27 feet, thence 
 North 29 degrees 14’ 19”
West 72.38 feet, thence 
 North 57 degrees 59’ 33” East 111.26 feet, thence 
 South 67 degrees 00’ 25” East 420.08 feet, thence 

 
North 67 degrees 39’ 40” East 467.08 feet, thence 
 North 24 degrees 52’
10” East 215.33 feet, thence 
 North 76 degrees 23’ 10” East 363.75 feet, thence 

North 25 degrees 58’ 55” East 489.97 feet, thence 
 North 29 degrees 55’ 42” East 252.14 feet, thence 
 North 60 degrees 15’ 48”
East 512.88 feet, thence 
 North 69 degrees 44’ 08” East 282.21 feet, thence 
 North 79 degrees 34’ 48” East 351.35 feet, thence 
 North 28 degrees 26’ 18”
East 315.55 feet, thence 
 North 81 degrees 15’ 24” East 524.02 feet, thence 
 North 81 degrees 17’ 58” East 541.83 feet, thence 
 North 33 degrees 41’ 03”
East 376.97 feet, thence 
 North 33 degrees 52’ 03” East 420.88 feet, thence 
 North 70 degrees 20’ 53” East 403.56 feet, thence 
 South 62 degrees 15’ 07”
East 240.61 feet, thence 
 North 01 degrees 01’ 44” East 150.33 feet, to the point of the beginning; excepting therefrom those parts
taken for Chrysler Drive East, South and West. 

 Schedule 1.01(b): Other Outstanding Indebtedness 

 

	1.	Pick-Up Boxes Painting and Trimming Agreement, dated August 9, 2006, between DaimlerChrysler de Mexico, S.A. de C.V. and Pintura, Estampado y Montaje S.A. de C.V.,
with an amount of $41,227,000 outstanding as of March 31, 2009. 

  

	2.	Lease Agreement, dated as of June 10, 2008, between UIR Sante Fe 4, S.A. de C.V. as Lessor and Chrysler de Mexico, S.A. de C.V, with base rent of $604,856 per
month starting August 1, 2008 for 15 years, with an annual step up equal to the lessor of 3% or increase in CPI. 

  

	3.	Loan Agreement, dated August 3, 2007, between Chrysler Mexico Holding S. de R.L. de C.V. and DaimlerChrysler Financial Services Americas LLC, with amounts payable
under this note due and payable on July 31, 2012 and with 447,200,000 Mexican Pesos outstanding at March 31, 2009. 

  

	4.	Obligations under Utility Services Agreements dated May 24, 2004, with DTE Energy Center, LLC and Utility Assets, LLC for a term of twenty years, as amended.
Obligations under this arrangement amounted to $250,192,000 (before purchase accounting) at March 31, 2009.

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