Document:

Exhibit 10.4
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of August 14, 2020, by and between AGILE THERAPEUTICS, INC., a Delaware corporation (the “Company”), and Dennis P. Reilly (the “Executive”), collectively referred to as the “parties.”
Recitals:
WHEREAS, the Company and the Executive entered into an Employment Agreement dated August 5, 2019 (the “Prior Agreement”); and
WHEREAS, the Company desires to continue to employ the Executive and to have the benefit of the Executive’s skills and services, and the Executive desires to accept such continued employment with the Company, on the terms and conditions set forth herein; and
WHEREAS, this Agreement shall supersede and replace the Prior Agreement, which shall be of no further force or effect.
NOW, THEREFORE, in consideration of the mutual promises, covenants, and conditions set forth in this Agreement, the parties agree as follows:
SECTION 1.  EMPLOYMENT
a.         Position.  The Company wishes to continue to employ the Executive as Senior Vice President and Chief Financial Officer of the Company reporting to the Chairman and Chief Executive Officer of the Company, and the Executive hereby agrees to continue in such position for the term of this Agreement and to perform those duties and responsibilities as shall be assigned to the Executive by the Board of Directors of the Company (the “Board”) or its designee and that are consistent with the Executive’s position.
b.         The Executive’s Commitment.  The Executive shall consider the Executive’s employment by the Company as the Executive’s principal employment, shall devote the Executive’s necessary time and attention to the Executive’s duties and responsibilities under this Agreement, and shall perform the Executive’s duties and responsibilities to the best of the Executive’s abilities.  While subject to any provision of this Agreement, the Executive shall maintain loyalty to the Company and shall take no action that would directly or indirectly promote any competitor or injure the Company’s interests.  Subject to the foregoing, the Executive may engage in other business activities to the extent that they do not interfere with the Executive’s obligations under this Agreement, provided that each of those activities is first disclosed to and approved by the Board.
SECTION 2.  TERMINATION OF EMPLOYMENT
a.         Term.  The term of this Agreement shall commence on the date hereof and shall continue until the Executive’s employment with the Company is terminated in accordance with Section 2b, 2c, 2d, or 2e hereof.
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b.         Termination for “Reasonable Cause.”  The Executive’s employment may be terminated by the Company at any time, without prior notice, upon a showing of “Reasonable Cause,” as defined below.  Should the Executive’s employment be terminated by the Company for “Reasonable Cause,” no severance or other unearned compensation shall be payable by the Company to the Executive nor shall the Company be obligated to continue to provide to the Executive at the Company’s expense, or reimburse the Executive for, any health insurance benefits after the effective date of the termination.  “Reasonable Cause” shall be defined for the purposes of this Agreement as being any of the following:
(i)         any act or omission by the Executive that reasonably constitutes dishonesty, disloyalty, fraud, deceit, gross negligence, willful misconduct, or recklessness, including, but not limited to the Executive’s willful violation of the Company’s bylaws or code of regulations, and that is directly or indirectly materially detrimental to the Company’s best interest;
(ii)        the Executive’s intentional failure to perform any lawful duties assigned to the Executive by the Board or its designee after receiving notice and a reasonable opportunity to cure;
(iii)       the commission of any act by the Executive that constitutes a felony under the laws of the United States or the state of the Company’s principal place of business; and
(iv)       any material breach by the Executive of Section 5, 6, 7, or 8 of this Agreement.
Furthermore, the termination by the Executive of the Executive’s employment with the Company for any reason other than for Good Reason pursuant to Section 2d shall be deemed to be a termination of the Executive’s employment for “Reasonable Cause” without any notice or other action on the part of the Company.
c.          Death or Disability.  The Executive’s employment shall terminate immediately upon the Executive’s death.  The Executive’s employment shall terminate immediately upon disability of the Executive to the extent consistent with applicable law.  For purposes of this Agreement, the Executive shall be deemed to have a “disability” if, in the reasonable opinion of the Board, the Executive is unable to perform the essential functions of the Executive’s job, with or without reasonable accommodation(s), for at least ninety (90) consecutive days because of illness, incapacity, or physical or mental disability, and the Executive’s inability to do so perform poses an undue hardship for the Company.
d.         Termination by the Executive for Good Reason.  The Executive may resign from employment with the Company for Good Reason, but only in accordance with the terms of this Section 2d.  “Good Reason” shall be deemed to exist with respect to any termination by the Executive of the Executive’s employment for any of the following reasons: (i) the relocation of the office of the Company at which the Executive is principally employed to a location that is more than fifty (50) miles from the location of such office as of the date of this Agreement; (ii) any failure by the Company to comply with any material term of this Agreement; or (iii) the demotion of the Executive to a lesser position than described in Section 1a hereof or a substantial
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diminution of the Executive’s authority, duties, or responsibilities as in effect on the date of this Agreement or as may be hereafter increased; provided, however, that “Good Reason” shall not include a termination of the Executive’s employment pursuant to Sections 2b or 2c hereof or, following a Change of Control (as defined in Section 4d below), a reduction in title, position, responsibilities, or duties solely by virtue of the Company being acquired and made part of, or operated as a subsidiary of, a larger company or organization, so long as such new duties and responsibilities are reasonably commensurate with the Executive’s experience.
The Executive may not resign with Good Reason pursuant to this Section 2d, and shall not be considered to have done so for any purpose of this Agreement, unless (i) the Executive, within sixty (60) days after the initial existence of the act or failure to act by the Company that constitutes “Good Reason” within the meaning of this Agreement, provides the Company with written notice that describes, in particular detail, the act or failure to act that the Executive believes to constitute “Good Reason” and identifies the particular clause of this Section 2d that the Executive contends is applicable to such act or failure to act; (ii) the Company, within thirty (30) days after its receipt of such notice, fails or refuses to rescind such act or remedy such failure to act so as to eliminate “Good Reason” for the termination by the Executive of the Executive’s employment relationship with the Company, and (iii) the Executive actually resigns from employment with the Company on or before that date that is six (6) calendar months after the initial existence of the act or failure to act by the Company that constitutes “Good Reason.”  If the requirements of the preceding sentence are not fully satisfied on a timely basis, then the resignation by the Executive from the Executive’s employment with the Company shall not be deemed to have been for “Good Reason,” the Executive shall not be entitled to any of the benefits to which the Executive would have been entitled if the Executive had resigned from employment with the Company for “Good Reason,” and the Company shall not be required to pay any amount that would otherwise have been due to the Executive under Section 4a had the Executive resigned with “Good Reason.”
e.          Other Termination.  The Executive’s employment may also be terminated by the Company for any reason other than as set forth in Section 2b, 2c, or 2d.
SECTION 3.  COMPENSATION, BENEFITS AND EXPENSES
a.         Salary.  The Company shall pay the Executive an annual base salary at the rate of $382,200 (the “Base Salary”), payable in accordance with the Company’s payroll practices in effect from time to time.
b.         Bonus.  The Executive shall be eligible to receive an annual bonus (“Annual Bonus”).  The Executive’s Annual Bonus Target shall be 40% of the Executive’s Base Salary.  Whether the bonus will be awarded to the Executive and the amount of the annual bonus shall be determined by the Board or its Compensation Committee based upon achievement of such goals that shall be established by the Board.  The Annual Bonus, if awarded to the Executive, shall be paid within two and one-half (2 1⁄2) months after the close of each fiscal year.
c.          Equity Program.  The Executive shall be eligible to participate in equity incentive programs established by the Company from time to time in the future to provide stock options and other equity-based incentives to key employees of the Company.  All such stock
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options and other equity-based incentives shall be awarded in the discretion of the Board pursuant to the terms of the Company’s Amended and Restated 2014 Incentive Compensation Plan and/or such other plans as shall from time to time be established by the Company (the “Equity Plan”).
d.         Health and Long-Term Disability Insurance.  The Executive shall be entitled to participate in such employee benefit plans (collectively the “Plans”) as are implemented by the Company and available to executive officers of the Company.  The Company shall have the right, from time to time and in its sole discretion, to modify and amend the Plans and benefits provided to its executive officers and other employees, including the Executive.   In addition to any key man insurance taken out by the Company, and provided that the Executive can pass the required physical examinations, during the term of this Agreement the Company shall, at its election, either provide to the Executive or reimburse the Executive for the premiums for term life insurance in an amount equal to two times the sum of the Executive’s Base Salary plus target Annual Bonus, up to $1,000,000, with Executive designating the beneficiary of such policy.
e.          Paid Time Off.  The Executive shall be eligible to participate in the Company’s paid time off (“PTO”) policy, as may be amended from time to time.  Any PTO shall be accrued, used and otherwise governed in accordance with the Company’s PTO policy in effect from time to time.
f.          Effect of Termination on Salary and Benefits.  The Executive’s Base Salary and benefits under this Section 3 shall terminate effective immediately on the date of the termination of the Executive’s employment by the Company, and from that date the Executive shall be entitled to severance benefits under Section 4 if and only to the extent such benefits are then payable in accordance with the terms and provisions of this Agreement.
g.         Effect of Termination on Other Provisions.  This Agreement shall continue in effect upon and after the termination of the Executive’s employment for any reason necessary to enforce the provisions of this Agreement that apply subsequent to any such termination, including any provisions relating to confidentiality, invention assignment, non-solicitation, and non-competition.
i.          Expense Reimbursement.  The Company shall reimburse the Executive for all reasonable out-of-pocket expenses incurred in connection with the Company’s business and the Executive’s performance of the Executive’s obligations under this Agreement, in accordance with the applicable expense reimbursement policy of the Company, upon submission by the Executive to the Company of such written evidence of such expense as the Company may require.  Any disputes as to the eligibility of an expense for reimbursement shall be resolved in the sole discretion of the Company.
h.         Recovery of Incentive Compensation.  Notwithstanding anything herein to the contrary, the Executive agrees that all incentive compensation, including cash and equity awards payable to the Executive under this Agreement or otherwise, shall be subject to any clawback policy adopted or implemented by the Board and all other applicable Company policies, consistent with applicable law.
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SECTION 4.  PAYMENTS AND BENEFITS UPON TERMINATION
a.         Payments and Benefits upon Termination.  Subject to the satisfaction of the terms of Section 4b, if during the term of this Agreement (i) the Executive’s employment under this Agreement is terminated by the Company pursuant to Section 2e (i.e., other than a termination for Reasonable Cause pursuant to Section 2b or a termination upon death or disability pursuant to Section 2c), or the Executive resigns from employment with the Company with Good Reason pursuant to Section 2d (each a “Qualifying Termination”), or (ii) the Executive’s employment under this Agreement terminates due to the Executive’s disability pursuant to Section 2c, the Executive shall be entitled to receive from the Company the benefits set forth in subsection (i), (ii), or (iii) below, as applicable.
(i)         Qualifying Termination Not in Connection with a Change of Control.  If the Qualifying Termination occurs prior to the effective date of a Change of Control, or the Qualifying Termination occurs more than twelve (12) months after a Change of Control, the Executive shall be entitled to:
A.        continuation of the Executive’s Base Salary (at the salary rate then in effect) for twelve (12) months (the “Severance Period”), in accordance with the Company’s payroll schedule, commencing on the sixtieth (60th) day after the Executive’s effective date of termination, with the first such installment payment including any unpaid severance payments that would have been made on the normal payroll dates occurring during the first sixty (60) days following the date of termination, provided that if there is a Change of Control before all of the payments under this subsection (A) have been paid, such remaining payments shall be accelerated and paid in a lump sum within sixty (60) days following the Change of Control to the extent permitted by section 409A of the Internal Revenue Code of 1986, as amended (the “Code”); and
B.         provided that the Executive is eligible for and timely elects to receive continued health coverage under the Company’s health plan under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), and the Executive pays the full monthly COBRA premium cost for such health coverage, the Company shall reimburse the Executive monthly an amount equal to the monthly COBRA premium paid by the Executive, less the amount that the Executive would be required to contribute for similar coverage under the Company’s medical plan if the Executive were an active employee for the Company, for the Severance Period, or until the Executive becomes employed by another employer offering any such benefits (whichever is earlier).  The Executive agrees to provide the Company with notice of eligibility under another health plan within two (2) weeks of such eligibility.  Such amounts shall commence on the sixtieth (60th) day after the Executive’s effective date of termination, with the first such installment payment including any unpaid severance payments that would have been made on the normal payroll dates occurring during the first sixty (60) days following the date of termination.  Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing reimbursement arrangement in any manner necessary or appropriate to avoid penalties or adverse tax consequences to the Executive or the Company or any affiliate, as determined by the Company in its sole discretion.
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(ii)        Qualifying Termination In Connection with Change of Control.  If the Qualifying Termination occurs on the date of, or within 12 months after, the effective date of a Change of Control (a “CoC Qualifying Termination”), the Executive shall be entitled to the same payments and benefits set forth under Section 4a(i) above, except that (A) the Severance Period for purposes of Sections 4a(i)(A) and (B) shall extend for eighteen (18) months instead of twelve (12) months, (B) the continued salary payments in Section 4a(i)(A) shall be paid in a lump sum within sixty (60) days following the Executive’s termination date, instead of in the form of installment payments, (C) the Executive shall be entitled to a lump sum payment equal to the Executive’s target Annual Bonus for the year in which the Executive’s CoC Qualifying Termination occurs, payable within sixty (60) days following the Executive’s termination date, and (D) each equity award granted to the Executive under the Equity Plan shall automatically vest in full upon the CoC Qualifying Termination.
(iii)       Disability.  If the Executive’s employment under this Agreement terminates due to a disability pursuant to Section 2c, either before or after a Change of Control, the Executive shall be entitled to the same payments and benefits set forth under Section 4a(i) above, provided that if such termination due to a disability is on the date of, or within 12 months after, the effective date of a Change of Control, the continued salary payments in Section 4a(i)(A) shall be paid in a lump sum within sixty (60) days following the Executive’s termination date, instead of in the form of installment payments.
(iv)       No Duplication of Benefits.  Notwithstanding anything to the contrary, the Executive shall be eligible to receive payments under subsection (i), (ii), or (iii) of this Section 4a (and, for the avoidance of doubt, shall not be eligible to receive payments under more than one such subsection).  Additionally, the Executive shall not be eligible to participate in the Company’s Change of Control Severance Plan, or any successor plan.
b.         Execution of Release.  The Executive shall not be entitled to any payments or benefits under Section 4a unless the Executive executes and does not revoke a Release and Agreement (the “Release”), as drafted by the Company at the time of the Executive’s termination of employment, including, but not limited to, the following provisions in favor of the Company and its affiliates and assigns to the maximum extent permitted by applicable law:
(i)         an unconditional release of all rights to any claims, charges, complaints, or grievances, known or unknown to the Executive, against the Company, its parent, subsidiary and affiliated companies, and assigns (and others, such as their former and current directors, employees, and agents) (together, the “Released Parties”), through the date of the Executive’s termination from employment other than post termination payments and benefits pursuant to this Agreement;
(ii)        a representation and warranty that the Executive has not filed or assigned any claims, charges, complaints, or grievances against the Released Parties;
(iii)       an agreement not to use, disclose, or make copies of any confidential information of the Company, as well as to return any such confidential information and property to the Company upon execution of the Release; and
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(iv)       an agreement to indemnify the Released Parties in the event that the Executive breaches any portion of the Agreement or Release.
c.          No Admission.  The Executive acknowledges such a Release shall not be construed as an admission by the Company or any other releasee of any wrongdoing whatsoever against the Executive, and all of the releasees specifically deny any such wrongdoing.
d.         Definition of Change of Control.  As used in this Agreement, the term “Change of Control” means:
(i)         any merger or consolidation in which voting securities of the Company possessing more than 50% of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from the person holding those securities immediately prior to such transaction and the composition of the Board following such transaction is such that the directors of the Company prior to the transaction constitute less than 50% of the Board membership following the transaction;
(ii)        any acquisition, directly or indirectly, by a person or related group of persons (other than the Company or a person that directly or indirectly controls, is controlled by, or is under common control with, the Company) of beneficial ownership of voting securities of the Company possessing more than 50% of the total combined voting power of the Company’s outstanding securities; provided, however, that, no Change of Control shall be deemed to occur by reason of the acquisition of shares of the Company’s capital stock by an investor or group of investors in the Company in a capital-raising transaction; or
(iii)       any sale, transfer, exclusive worldwide license or other disposition of all or substantially all of the assets of the Company.
e.          Parachute Provisions.  In the event the Company determines in good faith that any payments or benefits (whether made or provided pursuant to this Agreement or otherwise) (“Total Payments”) provided to the Executive would otherwise exceed the amount (the “Safe Harbor Amount”) that could be received by the Executive without the imposition of an excise tax under section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), then the Total Payments shall be reduced to the extent, and only to the extent, necessary to assure that their aggregate present value, as determined in accordance with the applicable provisions of section 280G of the Code and the regulations thereunder, does not exceed the greater of the following dollar amounts: (i) the Safe Harbor Amount, or (ii) the greatest after-tax amount payable to the Executive after taking into account any excise tax imposed under section 4999 of the Code on the Total Payments.  The Company shall pay all of the fees, including legal and accounting fees, associated with calculating the amounts set forth in this subsection 4e.
SECTION 5.  CONFIDENTIALITY AND INVENTIONS
a.         Confidential Information.  Confidential Information means trade secrets, know-how, and other information relating to the Company’s business and not generally available to the public, which is disclosed to the Executive or with which the Executive becomes familiar during the Executive’s term of employment with the Company.  Confidential Information includes
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information relating to the Company’s business practices and prospective business interests, products, processes, equipment, manufacturing operations, marketing programs, research, product development, and engineering.  From the date of this Agreement and during or after the Executive’s term of employment, unless the Executive receives the Company’s written consent or except as permitted by Section 5(e), the Executive will not disclose, use, disseminate, lecture upon, or publish any part of the Company’s Confidential Information, whether or not developed by the Executive.  Also, the Executive will have the same obligations with respect to the secret or confidential information of any other company or individual (including the Company’s parent company), to which the Executive gains access in connection with the Executive’s employment.  The Executive agrees that the Executive will not disclose to the Company or induce the Company to use any secret confidential information of others, including former employers, with whom the Executive has obligations of secrecy.  The Executive expressly agrees to be solely and individually liable to any of the Executive’s previous employers for any breach of the Executive’s obligations to those previous employers, contractual or otherwise.
b.         Inventions.  Inventions means discoveries, improvements, and ideas, whether patentable or not, made by the Executive solely or jointly with others, that relate to the business of the Company, including any of its products, processes, equipment, manufacturing operations, marketing programs, research, product development, or engineering activities.  The Executive agrees that the Executive will promptly disclose to the Company all Inventions (including those in the formative stages) that relate to the business of the Company made during the Executive’s term of employment whether or not during the Executive’s normal working hours.  The Executive agrees that the Executive will also promptly disclose to the Company any Inventions that relate to the business of the Company made during the period of one (1) year after the termination of the term of the Executive’s employment that relate to or constitute an improvement upon the Company’s Confidential Information.  The Executive shall keep and maintain written records concerning such Inventions and make these available to the Company at all times.  The Company will hold such written records with the same degree of care as it does with other business documents of a confidential nature.
c.          Assignment of Inventions.  Inventions made in accordance with this Section 5 shall be the sole and exclusive property of the Company, except that the Executive shall retain full rights and title to any Inventions to which all of the following conditions apply:
(i)         no equipment, supplies, facilities, or Confidential Information of the Company was used in the Invention’s development;
(ii)        the Invention was developed entirely on the Executive’s own time;
(iii)       the Invention does not relate to the Company’s business or to the Company’s actual or clearly anticipated research and development program; and
(iv)       the Invention does not result from any work performed by the Executive for the Company.
During and after the Executive’s term of employment, the Executive or the Executive’s legal representative shall, at the Company’s request and expense, execute domestic and foreign patent
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applications and assignments to the Company concerning Inventions owned by the Company under this section, and take all other actions as the Company may request to perfect and maintain the Company’s rights in same.
d.         Documents.  The Executive acknowledges that all originals and copies of drawings, blueprints, manuals, reports, notebooks, computer programs, photographs and any other recorded, written, or printed matter relating to research, manufacturing operations, or the business affairs of the Company made or received by the Executive during the Executive’s employment are the property of the Company.  The rights comprised in the copyright of any of the above documents made by the Executive during the Executive’s employment shall be owned exclusively by the Company.  The Executive agrees not to retain such property or copies thereof after termination of the term of the Executive’s employment and to promptly surrender such property at any time at the request of the Company.  The Executive agrees to similarly return all other property of the Company such as equipment, samples, and models.
e.          Permitted Conduct.  Nothing in this Agreement, including in this Section 5, restricts or prohibits the Executive or the Executive’s counsel from initiating communications directly with, responding to any inquiry from, volunteering information to, or providing testimony before a self-regulatory authority or a governmental, law enforcement, or regulatory authority, including the U.S. Equal Employment Opportunity Commission (“EEOC”), the Department of Labor (“DOL”), the National Labor Relations Board (“NLRB”), the Department of Justice (“DOJ”), the Securities and Exchange Commission (“SEC”), FINRA, the Congress, and any agency Inspector General (collectively, the “Regulators”), from participating in any reporting of, investigation into, or proceeding regarding suspected violations of law, or from making other disclosures that are protected under the whistleblower provisions of state or federal law or regulation.  The Executive does not need the prior authorization of the Company to engage in such communications with the Regulators, respond to such inquiries from the Regulators, provide Confidential Information or documents containing Confidential Information to the Regulators, or make any such reports or disclosures to the Regulators.  The Executive is not required to notify the Company that the Executive has engaged in such communications with the Regulators.  The Executive recognizes and agrees that, in connection with any such activity outlined above, the Executive must inform the Regulators that the information the Executive is providing is confidential.  Despite the foregoing, the Executive is not permitted to reveal to any third-party, including any governmental, law enforcement, or regulatory authority, information the Executive came to learn during the course of the Executive’s employment with the Company that is protected from disclosure by any applicable privilege, including but not limited to the attorney-client privilege, attorney work product doctrine, and/or other applicable legal privileges.   The Company does not waive any applicable privileges or the right to continue to protect its privileged attorney-client information, attorney work product, and other privileged information.  Additionally, the Executive recognizes that the Executive’s ability to disclose information may be limited or prohibited by applicable law and the Company does not consent to disclosures that would violate applicable law.  Nothing in this Agreement is intended to, or has the effect of, requiring the Executive to conceal facts and details associated with the Executive’s own claims of discrimination, harassment or retaliation under the New Jersey Law Against Discrimination (“NJLAD”).  Even though the parties may have agreed to keep the settlement and underlying facts confidential, such a provision is unenforceable against the Company if the Executive
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publicly reveals sufficient details of the claim so that the Company is reasonably identifiable.  For the avoidance of doubt, the Executive acknowledges that the Executive’s right to discuss the underlying facts and details of the Executive’s NJLAD claims, subject to the conditions above, does not negate or diminish any other provision of the Agreement, including but not limited to the Executive’s general release of claims and the Executive’s agreement to protect and not disclose Confidential Information and/or privileged information and to keep the specific terms of any agreement (e.g., settlement payments and other consideration) confidential.
SECTION 6.  RESTRICTIVE COVENANT
During the Restricted Period, the Executive shall not engage, directly or indirectly, in any “competitive business.”  As used in this Agreement, a “competitive business” shall mean any business that is engaged, directly or indirectly, in the research, development, manufacturing, distribution, licensing or sale of technology, products, or services relating to hormonal contraception in the United States and any other geographic region in which the Company conducts business or, at the time of the Executive’s termination from employment for any reason, plans to conduct business; provided, however, that a “competitive business” shall not include the acquiring, surviving, or licensing company in a Change of Control transaction if the Executive shall become an employee of or a consultant to such company with the knowledge and consent of the Company.  For purposes of this Agreement, the term “Restricted Period” shall mean the period from and after the date of this Agreement and through the twelve (12) month period after the termination of the term of the Executive’s employment hereunder, provided that the Restricted Period shall be for a period of eighteen (18) months (instead of twelve (12) months) after the termination of the term of the Executive’s employment hereunder if the Executive has a CoC Qualifying Termination.
SECTION 7.  NON-SOLICITATION
During the Restricted Period, the Executive shall not, directly or indirectly, solicit, entice or induce any Person to cease doing business (or reduce the scope of business) with the Company, to alter the scope or nature of any relationship with the Company, or to engage in a competitive business. “Person” for the purposes of this paragraph means an individual, organization, company, association or entity which, at the time of the Executive’s termination of employment for any reason, is doing any business with, or has any employment, contractor, customer, vendor, vendee, or business relationship with, the Company; provided, however, that an individual classified by the Company as an employee and who does not supervise other employees and does not have access to Confidential Information is excluded from the definition of Person.  The Executive shall not communicate with any Person for any such purpose or authorize or knowingly approve such communications by any other person or entity.
SECTION 8.  REPRESENTATION AND WARRANTY BY THE EXECUTIVE
The Executive hereby represents and warrants to the Company, the same being part of the essence of this Agreement that, as of the date of this Agreement, the Executive is not a party to any agreement, contract, or understanding, and that no facts or circumstances exist, that would in any way restrict or prohibit the Executive in any material way from undertaking or performing
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any of the Executive’s obligations under this Agreement.  The foregoing representation and warranty shall remain in effect throughout the term of the Executive’s employment hereunder.
SECTION 9.  REMEDIES
a.         Equitable Relief.  The parties acknowledge and agree that irreparable harm would result in the event of a breach or threat of a breach by the Executive of Section 5, 6, 7, or 10 or the making of any untrue representation or warranty by the Executive in this Agreement.  Therefore, in such an event, and notwithstanding any other provision of this Agreement:
(i)         the Company shall be entitled to a restraining order, order of specific performance, or other injunctive relief, without showing actual damage and without bond or other security; and
(ii)        the Company’s obligation to make any payment or provide any benefit under this Agreement, including without limitation any severance benefits, shall immediately cease.
b.         Remedies Not Exclusive.  The Company’s remedies under this Section 9 are not exclusive, and shall not prejudice or prohibit any other rights or remedies under this Agreement or otherwise.  To the extent required to be enforceable by applicable law, the cessation of the Company’s obligation to make payments or continue benefits under this Section 9 shall be deemed to be in the nature of liquidated damages.
SECTION 10.            RETURN OF COMPANY PROPERTY
Immediately upon termination of the term of the Executive’s employment or upon the Company’s earlier request, the Executive shall return to the Company all Confidential Information and other items described in Section 5 and all originals and copies of any other property or information owned by the Company or relating to its business, that the Executive has in the Executive’s possession or under the Executive’s control, including all credit cards, papers, books, equipment, files, and samples.  To the extent that the Executive made use of the Executive’s own personal device(s) (e.g., smartphone, laptop, iPad, thumbdrive, etc.) during and in connection with the term of the Executive’s employment, the Executive agrees to deliver such personal device(s) to the Company for review and permit the Company to delete and permanently erase all of the Company’s Confidential Information from such personal device(s). The Executive understands that personal information contained on such devices will be subject to the Company’s or the Company’s designee’s review for the purposes of identifying and removing Confidential Information.
SECTION 11.            MISCELLANEOUS PROVISIONS
a.         Notices.  Unless otherwise agreed in writing by a party entitled to notice, all notices required by this Agreement shall be in writing and shall be deemed given when physically delivered to and acknowledged by receipt by a party or its duly authorized attorney or legal representative, or when deposited postage paid, registered or certified mail, addressed to the
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party at its principal business or residence as set forth in the Company’s records or as known to or reasonably ascertainable by the party required to give notice.
b.         General Rules of Construction.  The parties have participated jointly in negotiating and drafting of this Agreement.  If a question concerning intent or interpretation arises, no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of authorship.  Any reference to any federal, state, local, or foreign statute or law shall be deemed also to refer to all related rules and regulations unless the context requires otherwise.
c.          Meaning of Certain Words.  The word “including” shall mean “including without limitation.”
d.         Waivers.  No assent, express or implied, by any party to any breach or default under this Agreement shall constitute a waiver of or assent to any breach or default of any other provision of this Agreement or any breach or default of the same provision on any other occasion.
e.          Binding Effect; No Third Party Beneficiaries.  This Agreement shall bind and benefit the parties and their respective heirs, devisees, beneficiaries, grantees, donees, legal representatives, successors, and assigns.  Nothing in this Agreement shall be construed to confer any rights or benefits on third party beneficiaries.
f.          Assignment.  Neither party may assign this Agreement or any interest herein without the other’s prior written consent; provided that the Company may assign its interest to another entity that it controls, is controlled by, or is under common control with or to a successor in interest upon a Change of Control.
g.         Captions.  Titles or captions contained in this Agreement are for convenience and are not intended to affect the substantive meaning of any provision.
h.         Severability.  If any provision of this Agreement, including the Confidential Information provision of this Agreement, is found in binding arbitration or by a court or other tribunal of competent jurisdiction to be invalid or unenforceable, the attempt shall first be made to read that provision in such a way as to make it valid and enforceable in light of the parties’ apparent intent as evidenced by this Agreement.  If such a reading is impossible, the tribunal having jurisdiction may revise the provision in any reasonable manner, to the extent necessary to make it binding and enforceable.  If no such revision is possible, the offending provision shall be deemed stricken from the Agreement, and every other provision shall remain in full force and effect.
i.          Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
j.          Survival.  The provisions of this Agreement that by their terms are intended to continue beyond the termination of the term of the Executive’s employment shall survive such
​

12

termination of employment and shall continue in effect for the respective periods therein provided or contemplated.
k.         Tax Withholding.  All payments under this Agreement shall be made subject to applicable tax withholding, and the Company shall withhold from any payments under this Agreement all federal, state, and local taxes as the Company is required to withhold pursuant to any law or governmental rule or regulation.  The Executive shall be solely responsible for all federal, state, and local taxes due with respect to any payment received under this Agreement or otherwise in connection with the Executive’s employment.
l.          Section 409A.  This Agreement is intended to comply with the requirements of Section 409A of the Code and the regulations thereunder (“Section 409A”), and shall in all respects be administered in accordance with Section 409A.  Notwithstanding anything in this Agreement to the contrary, distributions may only be made under this Agreement upon an event and in a manner permitted by Section 409A or an applicable exemption.  If the payment of severance benefits would otherwise be accelerated under this Agreement and paid in a lump sum upon a Change of Control, and such Change of Control is not a “change in control event” under Section 409A, such severance payments shall not be accelerated and shall instead be paid on the regularly scheduled payment date.  Severance benefits provided under this Agreement are intended to be exempt from Section 409A under the “separation pay exception” to the maximum extent applicable.  Further, any payments that qualify for the “short-term deferral” exception or another exception under Section 409A shall be paid under the applicable exception.  All separation payments to be made upon a termination of employment under this Agreement may only be made upon a “separation from service” under Section 409A.  For purposes of Section 409A, each payment hereunder shall be treated as a separate payment and the right to a series of payments under this Agreement shall be treated as a right to a series of separate payments.  With respect to payments that are subject to Section 409A, in no event may the Executive, directly or indirectly, designate the calendar year of a payment, and if a payment that is subject to execution of a Release Agreement could be made in more than one taxable year, payment will be made in the later taxable year.  If and to the extent that reimbursements or other in-kind benefits under this Agreement constitute “nonqualified deferred compensation” for purposes of Section 409A, such reimbursements or other in-kind benefits shall be made or provided in accordance with the requirements of Section 409A.  Notwithstanding the foregoing, although the Company has made every effort to ensure that the payments and benefits provided under this Agreement comply with Section 409A, in no event shall the Company be liable for all or any portion of any taxes, penalties, interest, or other expenses that may be incurred by the Executive on account of non-compliance with Section 409A.
m.        Governing Law.  This Agreement shall be governed by and construed under the laws of the United States and the State of New Jersey.
n.         Board Information.  The Executive shall at all times promptly give to the Board (in writing if so requested) all such information as it may require in connection with matters relating to the Executive’s employment or with the Company or the business of the Company.
​

13

o.         Effective Date.  This Agreement shall be effective immediately on the date duly executed by both parties.
p.         Full Agreement; Modification.  This Agreement supersedes the Prior Agreement and all other consulting and employment arrangements between the Executive and the Company.  This Agreement constitutes the entire agreement of the parties concerning its subject matter and supersedes all other oral or written understandings, discussions, and agreements, and may be modified only in a writing signed by both parties.  The parties acknowledge that they have read and fully understand the contents of this Agreement and execute it after having an opportunity to consult with legal counsel.
q.         Counterparts; Delivery.  This Agreement may be executed by the parties in separate counterparts and may be delivered by either or both parties by facsimile or electronic transmission.
(Signature page follows.)
​
​

14

IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties have executed this Agreement to be effective as of the date specified above.
​
	​

	​

	​

	​

	​

	​
	​
	AGILE THERAPEUTICS, INC.

	​
	​
	​

	​
	​
	​

	​
	​
	​

	​
	​
	​

	/s/ Dennis P. Reilly
	     
	By:
	/s/ Al Altomari

	Name:
	Dennis P. Reilly
	​
	Name:
	Al Altomari

	​
	​
	Title:
	Chairman and Chief Executive Officer

​

15Exhibit 4.4

        

    

    

    

    

    

    TRANSACT TECHNOLOGIES INCORPORATED

    

    

    and

    

    

    

    

    as Trustee

    

    

    INDENTURE

    

    

    Dated as of

    

    

    

    

    Providing for Issuance of [Subordinated]* Securities in Series

    

    

     

    

     

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    * Bracketed language will be inserted in the Indenture under which subordinated Securities will be issued.

    
      1

      
        

    

    
    Table Showing Reflection in Indenture of Certain Provisions

    of the Trust Indenture Act of 1939, as amended

    

    

    

    

    	
            Trust Indenture Act Section

          	
            Indenture Section

          
	
            310

          	
            (a)(1)

          	
            6.09

          
	
             

          	
            (a)(2)

          	
            6.09

          
	
             

          	
            (a)(3)

          	
            Not Applicable

          
	
             

          	
            (a)(4)

          	
            Not Applicable

          
	
             

          	
            (a)(5)

          	
            6.09

          
	
             

          	
            (b)

          	
            6.08

          
	
             

          	
             

          	
             

          
	
            311

          	
            (a)

          	
            6.13

          
	
             

          	
            (b)

          	
            6.13

          
	
             

          	
             

          	
             

          
	
            312

          	
            (a)

          	
            7.01

          
	
             

          	
             

          	
            7.02(a)

          
	
             

          	
            (b)

          	
            7.02(b)

          
	
             

          	
            (c)

          	
            7.02(c)

          
	
             

          	
             

          	
             

          
	
            313

          	
            (a)

          	
            7.03(a)

          
	
             

          	
            (b)

          	
            7.03(b)

          
	
             

          	
            (c)

          	
            7.03(a)

          
	
             

          	
             

          	
            7.03(b)

          
	
             

          	
            (d)

          	
            7.03(c)

          
	
             

          	
             

          	
             

          
	
            314

          	
            (a)(1)

          	
            7.04

          
	
             

          	
            (a)(2)

          	
            7.04

          
	
             

          	
            (a)(3)

          	
            7.04

          
	
             

          	
            (a)(4)

          	
            10.04

          
	
             

          	
            (b)

          	
            Not Applicable

          
	
             

          	
            (c)(1)

          	
            1.02

          
	
             

          	
            (c)(2)

          	
            1.02

          
	
             

          	
            (c)(3)

          	
            Not Applicable

          
	
             

          	
            (d)

          	
            Not Applicable

          
	
             

          	
            (e)

          	
            1.02

          
	
             

          	
             

          	
             

          
	
            315

          	
            (a)

          	
            6.01(a)

          
	
             

          	
             

          	
            6.01(c)

          
	
             

          	
            (b)

          	
            6.02

          
	
             

          	
             

          	
            7.03(a)

          
	
             

          	
            (c)

          	
            6.01(b)

          
	
             

          	
            (d)

          	
            6.01

          
	
             

          	
            (d)(1)

          	
            6.01(a)

          
	
             

          	
            (d)(2)

          	
            6.01(c)(ii)

          
	
             

          	
            (d)(3)

          	
            6.01(c)(iii)

          
	
             

          	
            (e)

          	
            5.14

          
	
             

          	
             

          	
             

          
	
            316

          	
            (a)

          	
            1.01

          
	
             

          	
            (a)(1)(A)

          	
            5.02

          
	
             

          	
             

          	
            5.12

          
	
             

          	
            (a)(1)(B)

          	
            5.13

          
	
             

          	
            (a)(2)

          	
            Not Applicable

          
	
             

          	
            (b)

          	
            5.08

          
	
             

          	
            (c)

          	
            1.04(d)

          
	
             

          	
             

          	
             

          
	
            317

          	
            (a)(1)

          	
            5.03

          
	
             

          	
            (a)(2)

          	
            5.04

          
	
             

          	
            (b)

          	
            10.03

          
	
             

          	
             

          	
             

          
	
            318

          	
            (a)

          	
            1.07

          

    

    

    *            This cross-reference table is not part of this Indenture.

    
      i

      
        

    

    TABLE OF CONTENTS

    

    

    
      	
              ARTICLE I

              

            	
              
                Definitions and Other Provisions of General Application

              

            	
               1

            
	
               

            	
               

            	
               

            
	
               SECTION 1.01

              

            	Definitions

            	
              1 

              

            
	
               SECTION 1.02

            	
              Compliance Certificates and Opinion

            	
               10

            
	
               SECTION 1.03

            	
              Form of Documents Delivered to Trustee

            	
               11

            
	
               SECTION 1.04

            	
              Acts of Securityholders

            	
               11

            
	
               SECTION 1.05

            	
              Notices, etc., to Trustee and Company

            	
               13

            
	
               SECTION 1.06

            	
              Notices to Securityholders; Waiver

            	
               13

            
	
               SECTION 1.07

            	
              Conflict with Trust Indenture Act

            	
               14

            
	
               SECTION 1.08

            	
              Effect of Headings and Table of Contents

            	
               14

            
	
               SECTION 1.09

            	
              Successors and Assigns

            	 14
	
               SECTION 1.10

            	
              Separability Clause

            	 14
	
               SECTION 1.11

            	
              Benefits of Indenture

            	 14
	
               SECTION 1.12

            	
              Governing Law

            	 14
	
               SECTION 1.13

            	
              Counterparts

            	 15
	
               SECTION 1.14

            	
              Judgment Currency

            	 15
	

            	 	 
	ARTICLE II

            	Security Forms 

            	15 

            
	 	 	 
	 SECTION 2.01

            	
              Forms Generally

              

            	15 

            
	 SECTION 2.02	Forms of Securities

            	 15
	 SECTION 2.03	Forms of Trustee's Certificate of Authentication

            	 16
	 SECTION 2.04	Securities Issuable in the Form of a Global Security 

            	 16
	 

            	 	 
	ARTICLE III

            	The Securities 

            	18 

            
	 	 	 
	 SECTION 3.01

            	General Title; General Limitations; Issuable in Series; Terms of Particular Series

            	18 

            
	 SECTION 3.02	Denominations

            	 21
	 SECTION 3.03	
              Execution, Authentication and Delivery and Dating

            	 21
	 SECTION 3.04	Temporary Securities

            	 22
	 SECTION 3.05	Registration, Transfer and Exchange

            	 23
	 SECTION 3.06	Mutilated, Destroyed, Lost and Stolen Securities

            	 24
	 SECTION 3.07	Payment of Interest; Interest Rights Preserved

            	 24
	 SECTION 3.08	Persons Deemed Owners

            	 26
	 SECTION 3.09	Cancellation

            	 26
	 SECTION 3.10 	Computation of Interest

            	 26

    

    

    
      ii

      
        

    

    
      	SECTION 3.11

            	Delayed Issuance of Securities

            	26

            
	

            	

            	

            
	ARTICLE IV

            	Satisfaction and Discharge 

            	27

            
	
              

              

            	

            	

            
	SECTION 4.01

            	Satisfaction and Discharge of Indenture	27

            
	SECTION 4.02	Application of Trust Money

            	28

            
	SECTION 4.03	
              Defeasance upon Deposit of Funds or Government Obligations

            	28

            
	SECTION 4.04	Reinstatement

            	30

            
	

            	

            	

            
	ARTICLE V

            	Remedies

            	30

            
	

            	

            	

            
	SECTION 5.01	Events of Default

            	30

            
	SECTION 5.02	
              Acceleration of Maturity; Rescission and Annulment

            	31

            
	SECTION 5.03	
              Collection of Indebtedness and Suits for Enforcement by Trustee

            	33

            
	SECTION 5.04	
              Trustee May File Proofs of Claim

            	34

            
	SECTION 5.05	
              Trustee May Enforce Claims Without Possession of Securities

            	34

            
	SECTION 5.06	
              Application of Money Collected

            	35

            
	SECTION 5.07	
              Limitation on Suits

            	35

            
	SECTION 5.08	
              Unconditional Right of Securityholders to Receive Principal, Premium and Interest

            	36

            
	SECTION 5.09	
              Restoration of Rights and Remedies

            	36

            
	SECTION 5.10	
              Rights and Remedies Cumulative

            	36

            
	SECTION 5.11	
              Delay or Omission Not Waiver

            	36

            
	SECTION 5.12	
              Control by Securityholders

            	36

            
	SECTION 5.13	
              Waiver of Past Defaults

            	37

            
	SECTION 5.14	
              Undertaking for Costs

            	37

            
	SECTION 5.15	
              Waiver of Stay or Extension Laws

            	37

            
	

            	

            	

            
	ARTICLE IV

            	The Trustee

            	38

            
	

            	

            	

            
	SECTION 6.01

            	
              Certain Duties and Responsibilities

            	38

            
	SECTION 6.02 

            	
              Notice of Defaults

            	 39
	SECTION 6.03 

            	
              Certain Rights of Trustee

            	 39
	SECTION 6.04 

            	
              Not Responsible for Recitals or Issuance of Securities

            	 40
	SECTION 6.05 

            	May Hold Securities

            	 40
	SECTION 6.06 

            	Money Held in Trust

            	 41
	SECTION 6.07 

            	Compensation and Reimbursement

            	 41
	SECTION 6.08 

            	Disqualification; Conflicting Interests 

            	 41
	SECTION 6.09 

            	Corporate Trustee Required; Eligibiltiy

            	 42

    

    
      iii

      
        

    

    
      	SECTION 6.10	Resignation and Removal

            	42

            
	SECTION 6.11	
              Acceptance of Appointment by Successor

            	43

            
	SECTION 6.12	
              Merger, Conversion, Consolidation or Succession to Business

            	44

            
	SECTION 6.13	
              Preferential Collection of Claims Against Company

            	44

            
	SECTION 6.14	
              Appointment of Authenticating Agent

            	45

            
	

            	

            	

            
	
              ARTICLE VII

              

            	Securityholders' List and Reports by Trustee and Company

            	46

            
	

            	

            	

            
	SECTION 7.01

            	
              Company to Furnish Trustee Names and Addresses of Securityholders

            	46

            
	SECTION 7.02	
              Preservation of Information; Communications to Securityholders

            	46

            
	SECTION 7.03	Reports by Trustee

            	47

            
	SECTION 7.04	Reports by Company

            	48

            
	

            	

            	

            
	ARTICLE VIII

            	
              Consolidation, Merger, Conveyance or Transfer

            	48

            
	

            	

            	

            
	SECTION 8.01

            	
              Consolidation, Merger, Conveyance or Transfer on Certain Terms

            	48

            
	SECTION 8.02

            	
              Successor Person Substituted

            	49

            
	

            	

            	

            
	ARTICLE IX

            	Supplemental Indentures

            	49

            
	

            	

            	

            
	SECTION 9.01

            	
              Supplemental Indentures Without Consent of Securityholders

            	49

            
	SECTION 9.02	
              Supplemental Indentures with Consent of Securityholders

            	50

            
	SECTION 9.03	
              Execution of Supplemental Indentures

            	52

            
	SECTION 9.04	
              Effect of Supplemental Indentures

            	52

            
	SECTION 9.05	
              Conformity with Trust Indenture Act

            	52

            
	SECTION 9.06	
              Reference in Securities to Supplemental Indentures

            	52

            
	SECTION 9.07	
              Subordination Unimpaired

            	52

            
	

            	

            	

            
	ARTICLE X

            	Covenants

            	53

            
	

            	

            	

            
	SECTION 10.01

            	
              Payment of Principal, Premium and Interest

            	53

            
	SECTION 10.02	
              Maintenance of Office or Agency

            	53

            
	SECTION 10.03	
              Money for Security Payments to Be Held in Trust

            	53

            
	SECTION 10.04	
              Statement as to Compliance

            	55

            
	SECTION 10.05	
              Legal Existence

            	55

            
	SECTION 10.06	
              Waiver of Certain Covenants

            	55

            
	

            	

            	

            
	ARTICLE XI

            	
              Redemption of Securities

            	55

            
	 	 	 
	SECTION 11.01 

            	
              Applicability of Article

            	 55
	SECTION 11.02

            	 Election to Redeem; Notice to Trustee

            	 56

    

    
      iv

      
        

    

    
      	SECTION 11.03	
              Selection by Trustee of Securities to Be Redeemed

            	56

            
	SECTION 11.04	
              Notice of Redemption

            	57

            
	SECTION 11.05	
              Deposit of Redemption Price

            	58

            
	SECTION 11.06	
              Securities Payable on Redemption Date

            	58

            
	SECTION 11.07	
              Securities Redeemed in Part

            	59

            
	SECTION 11.08	
              Provisions with Respect to Any Sinking Funds

            	59

            
	SECTION 11.09	
              Rescission of Redemption

            	60

            
	

            	

            	

            
	ARTICLE XII

            	Conversion

            	61

            
	

            	

            	

            
	SECTION 12.01

            	Conversion Priviledge

            	61

            
	SECTION 12.02	
              Conversion Procedure; Rescission of Conversion; Conversion Price; Fractional Shares

            	61

            
	SECTION 12.03	
              Adjustment of Conversion Price for Common Stock or Marketable Securities

            	63

            
	SECTION 12.04	
              Consolidation or Merger of the Company

            	66

            
	SECTION 12.05	
              Notice of Adjustment

            	67

            
	SECTION 12.06	
              Notice in Certain Events

            	67

            
	SECTION 12.07	
              Company to Reserve Stock or other Marketable Securities; Registration; Listing

            	68

            
	SECTION 12.08	
              Taxes on Conversion

            	68

            
	SECTION 12.09	
              Conversion After Record Date

            	69

            
	SECTION 12.10	
              Corporate Action Regarding Par Value of Common Stock

            	69

            
	SECTION 12.11	
              Company Determination Final

            	69

            
	SECTION 12.12	
              Trustee’s Disclaimer

            	69

            
	

            	

            	

            
	ARTICLE XIII

            	
              [Subordination of Securities]

            	69

            
	

            	

            	

            
	SECTION 13.01

            	
              Agreement of Subordination

            	69

            
	SECTION 13.02	
              Payments to Securityholders

            	70

            
	SECTION 13.03	
              Subrogation of Securities

            	71

            
	SECTION 13.04	
              Authorization by Securityholders

            	72

            
	SECTION 13.05	
              Notice to Trustee

            	72

            
	SECTION 13.06	
              Trustee’s Relation to Senior Indebtedness

            	73

            
	SECTION 13.07	
              No Impairment of Subordination

            	73

            
	SECTION 13.08	
              Rights of Trustee

            	73

            
	SECTION 13.09	
              Article XIII Applicable to Paying Agents

            	74

            
	

            	

            	

            

    

    
      v

      
        

    

    THIS INDENTURE between TransAct Technologies Incorporated, a Delaware corporation (the “Company”), and __________________, as trustee (the “Trustee”), is made
      and entered into as of _____________, _______.

    Recitals

    WHEREAS,
      the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of its debentures, notes, bonds or other evidences of indebtedness to be issued in one or more fully registered series.

    WHEREAS,
      this Indenture is subject to the provisions of the Trust Indenture Act that are deemed to be incorporated into this Indenture and shall, to the extent applicable, be governed by such provisions.

    WHEREAS,
      all things necessary to make this Indenture a valid agreement of the Company in accordance with its terms have been done.

    Agreements of the Parties

    To set forth or to provide for the establishment of the terms and conditions upon which the
      Securities are and are to be authenticated, issued and delivered, and in consideration of the premises and the purchase of Securities by the Holders thereof, it is mutually covenanted and agreed as follows, for the equal and proportionate benefit of
      all Holders of the Securities or of a series thereof, as the case may be:

    ARTICLE I                          

        

        

        Definitions and Other Provisions

        of General Application

    SECTION 1.01                                        Definitions.  For all purposes
        of this Indenture and of any indenture supplemental hereto, except as otherwise expressly provided or unless the context otherwise requires:

    (a)            the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular;

    (b)            all other terms used herein which are defined in the Trust Indenture Act or by Commission rule under the Trust Indenture Act, either directly or by reference therein, have the
        meanings assigned to them herein;

    (c)            all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP and, except as otherwise herein expressly provided, the term
        “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles and any accounting rules or interpretations promulgated by the Commission as are generally accepted in
        the United States of America at the date of this Indenture; and

    
      
        

    

    
    (d)            all references in this Indenture to designated “Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions of this Indenture as
        originally executed.  The words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision.

    “Act,”
      when used with respect to any Securityholder, has the meaning specified in Section 1.04.

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

    “Authenticating
          Agent” means any Person authorized by the Company to authenticate Securities under Section 6.14.

    “Board of
          Directors” means (i) the board of directors of the Company, (ii) any duly authorized committee of such board, (iii) any committee of officers of the Company or (iv) any officer of the Company, acting, in the case of Clauses (iii) or
      (iv), pursuant to authority granted by the board of directors of the Company or any committee of such board.

    “Board Resolution”
      means a copy of a resolution certified by the Secretary or an 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”
      means, with respect to any series of Securities, unless otherwise specified in a Board Resolution, in an indenture supplemental hereto or an Officer’s Certificate with respect to a particular series of Securities, each day which is not a Saturday,
      Sunday or other day on which banking institutions in the pertinent Place or Places of Payment or the city in which the Corporate Trust Office is located are authorized or required by law or executive order to be closed.

    “Closing Price”
      of the Common Stock or other Marketable Security, as the case may be, shall mean the last reported sale price of such stock or other Marketable Security (regular way) as shown on the Composite Tape of Nasdaq (or, if such stock or other Marketable
      Security is not listed or admitted to trading on Nasdaq, on the principal national securities exchange on which such stock or other Marketable Security is listed or admitted to trading, including the NYSE), or, in case no such sale takes place on
      such day, the average of the closing bid and asked prices on Nasdaq (or, if such stock or other Marketable Security is not listed or admitted to trading on Nasdaq, on the principal national securities exchange on which such stock or other Marketable
      Security is listed or admitted to trading, including the NYSE), or if such stock or other Marketable Security is not so reported, the average of the closing bid and asked prices as furnished by any member of the Financial Industry Regulatory
      Authority, Inc. selected from time to time by the Company for that purpose.

    
      2

      
        

    

    “Commission”
      means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties assigned to it under
      the Trust Indenture Act as in effect on the date hereof, then the body performing such duties at such time.

    “Common Stock”
      shall mean the Common Stock, par value $.01 per share, of the Company, authorized as of the date of this Indenture as originally signed, or any other class of stock resulting from successive changes or reclassifications of such Common Stock, and in
      any such case including any shares thereof authorized after the date of this Indenture.

    “Company”
      means the Person named as the “Company” in the first paragraph of this Indenture until a successor shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor.

    “Company Request”
      and “Company Order” mean a written request or order, respectively, signed in the name of the Company by two Officers and delivered to the Trustee.

    “Consolidated Net
          Worth” means, with respect to any Person, at the date of any determination, the consolidated stockholders’ or owners’ equity of the holders of capital stock or partnership interests of such Person and its subsidiaries, determined on a
      consolidated basis in accordance with GAAP consistently applied.

    “Conversion Agent”
      means any Person authorized by the Company to receive Securities to be converted into Common Stock or other Marketable Securities on behalf of the Company.  The Company initially authorizes the Trustee to act as Conversion Agent for the Securities on
      its behalf.  The Company may at any time and from time to time authorize one or more Persons to act as Conversion Agent in addition to or in place of the Trustee with respect to any series of Securities issued under this Indenture.

    “Conversion Price”
      means, with respect to any series of Securities which are convertible into Common Stock or other Marketable Securities, the price per share of Common Stock or the price per designated unit of other Marketable Security at which the Securities of such
      series are so convertible as set forth in the Board Resolution or indenture supplemental hereto with respect to such series (or in any indenture supplemental hereto entered into pursuant to Section 9.01(i) with respect to such series), as the same
      may be adjusted from time to time in accordance with Section 12.03 (or such indenture supplemental hereto).

    “Converting
          Holder” has the meaning specified in Section 12.02(c).

    “Corporate Trust
          Office” means the office of the Trustee at which at any particular time its corporate trust business shall be principally administered, which office at the date hereof is located at ______________, Attn: _____________.

    “Current Market
          Price” on any date shall mean the average of the daily Closing Prices per share of Common Stock or of such other Marketable Securities for any thirty (30) consecutive Trading Days selected by the Company prior to the day in question,
      which thirty (30) consecutive Trading Day period shall not commence more than forty-five (45) Trading Days prior to the day in question; provided that with respect to Section 12.03(c), the “Current Market Price” of the Common Stock or of such other
      Marketable Securities shall mean the average of the daily Closing Prices per share of Common Stock or of such other Marketable Securities for the five (5) consecutive Trading Days ending on the date of the distribution referred to in Section 12.03(c)
      (or if such date shall not be a Trading Day, on the Trading Day immediately preceding such date).

    
      3

      
        

    

    “Default”
      has the meaning specified in Section 6.02.

    “Defaulted
          Interest” has the meaning specified in Section 3.07.

    “Depositary”
      means, unless otherwise specified by the Company pursuant to either Section 2.04 or Section 3.01, with respect to Securities of any series issuable or issued as a Global Security, The Depository Trust Company, New York, New York, or any successor
      thereto registered as a clearing agency under the Exchange Act or other applicable statute or regulation.

    “Discharge”
      and “Discharged” have the meanings specified in Section 4.03.

    “Event of Default”
      has the meaning specified in Section 5.01.

    “Exchange Act”
      means the Securities Exchange Act of 1934, as amended.

    “Federal
          Bankruptcy Act” has the meaning specified in Section 5.01(e).

    “GAAP”
      means generally accepted accounting principles as such principles are in effect in the United States as of the date of this Indenture; provided that at any time after the Issue Date, the Company may elect to establish that GAAP shall mean the GAAP as
      in effect on a date that is on or after the Issue Date and on or prior to the date of such election; provided that any such election, once made, shall be irrevocable. At any time after the Issue Date, the Company may elect to apply International
      Financial Reporting Standards (“IFRS”) accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter be
      construed to mean IFRS (except as otherwise provided in this Indenture), including as to the ability of the Company to make an election pursuant to the previous sentence; provided that any such election, once made, shall be irrevocable; provided,
      further, that any calculation or determination in this Indenture that requires the application of GAAP for periods that include fiscal quarters ended prior to the Company’s election to apply IFRS shall remain as previously calculated or determined in
      accordance with GAAP; provided, further again, that the Company may only make such election if it also elects to report any subsequent financial reports required to be made by the Company, including pursuant to Section 13 or Section 15(d) of the
      Exchange Act and Section 7.04 in IFRS. The Company shall give notice of any such election made in accordance with this definition to the Trustee and the Holders.

    “Global Security,”
      when used with respect to any series of Securities issued hereunder, means a Security which is executed by the Company and authenticated and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance
      with this Indenture and an indenture supplemental hereto, if any, or Board Resolution and pursuant to a Company Request, which shall be registered in the name of the Depositary or its nominee and which shall represent, and shall be denominated in an
      amount equal to the aggregate principal amount of, all of the Outstanding Securities of such series or any portion thereof, in either case having the same terms, including, without limitation, the same original issue date, date or dates on which
      principal is due, and interest rate or method of determining interest.

    
      4

      
        

    

    “Holder,”
      when used with respect to any Security, means the Securityholder in whose name such Security is registered in the Security Register.

    “Indenture”
      or “this Indenture” means 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 and shall include the terms of particular series of Securities established as contemplated by Section 3.01.

    “Interest Payment
          Date,” when used with respect to any series of Securities, means each date specified in such Securities or in an indenture supplemental hereto establishing the terms of such Securities on which an installment of interest is due and on
      such Securities.

    “Issue Date”
      means the date Securities are first issued under this Indenture.

    “Judgment
          Currency” has the meaning specified in Section 1.14.

    “Marketable
          Security” means any common stock, debt security or other security of a Person which is (or will, upon distribution thereof, be) listed on the NYSE, the American Stock Exchange, Nasdaq or any other national securities exchange
      registered under Section 6 of the Exchange Act or approved for quotation in any system of automated dissemination of quotations of securities prices in the United States or for which there is a recognized market maker or trading market.

    “Material
          Subsidiary” means any Person that is a Subsidiary if at the end of the most recent fiscal quarter of the Company, the aggregate amount, determined in accordance with GAAP consistently applied, of securities of, loans and advances to,
      and other investments in, such Person held by the Company and its other Subsidiaries exceeded 10% of the Company’s Consolidated Net Worth.

    “Material U.S.
          Subsidiary” means any Material Subsidiary that is organized under the laws of the United States of America or any political subdivision thereof (including any state thereof or the District of Columbia).

    “Maturity,”
      when used with respect to any Securities, means the date on which the principal of any such Security becomes due and payable as therein or herein provided, whether on a Repayment Date, at the Stated Maturity or by declaration of acceleration, call
      for redemption or otherwise.

    “Nasdaq”
      shall mean the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market or any successors thereof.

    “New York Banking
          Day” has the meaning specified in Section 1.14.

    
      5

      
        

    

    “Notice of
          Default” has the meaning specified in Section 5.01(d).

    “NYSE”
      shall mean the New York Stock Exchange, Inc. or any successors thereof.

    “Officer”
      means the Chief Executive Officer, the President, the Chief Financial Officer, the Chief Accounting Officer, the Chief Operating Officer, any Senior Vice President, the Treasurer, any Assistant Treasurer, the Controller, any Assistant Controller, the
      Secretary or any Assistant Secretary of the Company.

    “Officer’s
          Certificate” means a certificate signed by an Officer of the Company and delivered to the Trustee.

    “Opinion of
          Counsel” means a written opinion of counsel, who may (except as otherwise expressly provided in this Indenture) be an employee of or of counsel to the Company, which is delivered to the Trustee.

    “Original Issue
          Discount Security” means (i) any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof, and (ii) any other Security which is issued
      with “original issue discount” within the meaning of Section 1273(a) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder.

    “Outstanding,”
      when used with respect to the Securities or Securities of any series, means, as of the date of determination, all such Securities theretofore authenticated and delivered under this Indenture, except:

    (a)            such Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation;

    (b)            such Securities for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent in trust for the Holders of
        such Securities; provided that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor reasonably satisfactory to the Trustee has been made; and

    (c)            such Securities in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, or which shall have been paid pursuant to
        the terms of Section 3.06 (except with respect to any such Security as to which proof satisfactory to the Trustee is presented that such Security is held by a Person in whose hands such Security is a legal, valid and binding obligation of the
        Company).

    In determining whether the Holders of the requisite principal amount of such Securities Outstanding have given any
      request, demand, authorization, direction, notice, consent or waiver hereunder, (i) the principal amount of any Original Issue Discount Security that shall be deemed to be Outstanding shall be the amount of the principal thereof that would be due and
      payable as of the date of the taking of such action upon a declaration of acceleration of the Maturity thereof, and (ii) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor
      shall be disregarded and deemed not to be Outstanding. In determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible Officer
      assigned to the Corporate Trust Department of the Trustee knows to be owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or such other obligor 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 to act as owner with respect to such Securities and that the pledgee is not the Company or any other obligor upon
      the Securities or any Affiliate of the Company or such other obligor.

    
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    “Paying Agent”
      means any Person authorized by the Company to pay the principal of (and premium, if any) or interest on any Securities on behalf of the Company.  The Company initially authorizes the Trustee to act as Paying Agent for the Securities on its behalf. 
      The Company may at any time and from time to time authorize one or more Persons to act as Paying Agent in addition to or in place of the Trustee with respect to any series of Securities issued under this Indenture.

    “Person”
      means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

    “Place of Payment”
      means with respect to any series of Securities issued hereunder the city or political subdivision so designated with respect to the series of Securities in question in accordance with the provisions of Section 3.01(e).

    “Predecessor
          Securities” of any particular Security means 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 lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.

    “Redemption Date,”
      when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture.

    “Redemption Price,”
      when used with respect to any Security to be redeemed, means the price specified in the Security or in an indenture supplemental hereto establishing the terms of such Security at which it is to be redeemed pursuant to this Indenture.

    “Redemption
          Rescission Event” shall mean the occurrence of (a) any general suspension of trading in, or limitation on prices for, securities on the principal national securities exchange on which shares of Common Stock or Marketable Securities are
      registered and listed for trading (or, if shares of Common Stock or Marketable Securities are not registered and listed for trading on any such exchange, in the over-the-counter market) for more than six-and-one-half (6-1/2) consecutive trading
      hours, (b) any decline in either the Dow Jones Industrial Average or the S&P 500 Index (or any successor index published by Dow Jones & Company, Inc. or S&P) by either (i) an amount in excess of 10%, measured from the close of business on
      any Trading Day to the close of business on the next succeeding Trading Day during the period commencing on the Trading Day preceding the day notice of any redemption of Securities is given (or, if such notice is given after the close of business on
      a Trading Day, commencing on such Trading Day) and ending at the time and date fixed for redemption in such notice or (ii) an amount in excess of 15%, measured from the close of business on the Trading Day preceding the day notice of such redemption
      is given (or, if such notice is given after the close of business on a Trading Day, from such Trading Day) to the close of business on any Trading Day at or prior to the time and date fixed for redemption, (c) a declaration of a banking moratorium or
      any suspension of payments in respect of banks by federal or state authorities in the United States or (d) the occurrence of an act of terrorism or commencement of a war or armed hostilities or other national or international calamity directly or
      indirectly involving the United States which in the reasonable judgment of the Company could have a material adverse effect on the market for the Common Stock or Marketable Securities.

    
      7

      
        

    

    “Regular Record
          Date” for the interest payable on any Security on any Interest Payment Date means the date specified in such Security as the Regular Record Date.

    “Repayment Date,”
      when used with respect to any Security to be repaid, means the date fixed for such repayment pursuant to such Security.

    “Repayment Price,”
      when used with respect to any Security to be repaid, means the price at which it is to be repaid pursuant to such Security.

    “Required
          Currency,” when used with respect to any Security, has the meaning specified in Section 1.14.

    “Rescission Date”
      has the meaning specified in Section 11.09.

    “Responsible
          Officer,” when used with respect to the Trustee, means any officer of the Trustee with direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter, any other
      officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject.  “Responsible Officer,” when used with
      respect to the Company, means any of the Chief Executive Officer, President, Chief Operating Officer, Chief Financial Officer, Chief Accounting Officer, Senior Executive Vice President, General Counsel, Treasurer or Controller of the Company (or any
      equivalent of the foregoing officers).

    “S&P”
      means Standard & Poor’s Rating Service or any successor to the rating agency business thereof.

    “Security”
      or “Securities” means any note or notes, bond or bonds, debenture or debentures, or any other evidences of indebtedness, as the case may be, of any series
      authenticated and delivered from time to time under this Indenture.

    “Security
          Register” has the meaning specified in Section 3.05.

    “Security
          Registrar” means the Person who keeps the Security Register specified in Section 3.05.  The Company initially appoints the Trustee to act as Security Registrar for the Securities on behalf of the Company.  The Company may at any time
      and from time to time authorize any Person to act as Security Registrar in place of the Trustee with respect to any series of Securities issued under this Indenture.

    
      8

      
        

    

    “Securityholder”
      means a Person in whose name a Security is registered in the Security Register.

    [“Senior
          Indebtedness” of the Company means the principal of, premium, if any, interest on, and any other payment due pursuant to any of the following, whether outstanding at the date hereof or hereafter incurred or created:

    (i) all indebtedness of such Person for borrowed money (including any indebtedness secured by a
      mortgage, conditional sales contract or other lien which is (a) given to secure all or part of the purchase price of property subject thereto, whether given to the vendor of such property or to another or (b) existing on property at the time of
      acquisition thereof);

    (ii) all indebtedness of such Person evidenced by notes, debentures, bonds or other similar
      interests sold by such Person for money;

    (iii) all lease obligations of such Person which are capitalized on the books of such Person in
      accordance with GAAP;

    (iv) all indebtedness of others of the kinds described in either of the preceding Clauses (i) or
      (ii) and all lease obligations of others of the kind described in the preceding Clause (iii) assumed by or guaranteed in any manner by such Person or in effect guaranteed by such Person through an agreement to purchase, contingent or otherwise; and

    (v) all renewals, extensions or refundings of indebtedness of the kinds described in any of the
      preceding Clauses (i), (ii) and (iv) and all renewals or extensions of lease obligations of the kinds described in either of the preceding Clauses (iii) and (iv); unless, in the case of any particular indebtedness, guarantee, lease, renewal,
      extension or refunding, the instrument or lease creating or evidencing the same or the assumption or guarantee of the same expressly provides that such indebtedness, lease, renewal, extension or refunding is not superior in right of payment to the
      Securities.]*

    “Special Record
          Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 3.07(a).

    “Stated Maturity”
      when used with respect to any Security means the date specified in such Security as the fixed date on which the principal of such Security is due and payable.

    “Subsidiary”
      means, with respect to any Person, any corporation more than 50% of the Voting Stock of which is owned directly or indirectly by such Person, and any partnership, association, joint venture or other entity in which such Person owns more than 50% of
      the equity interests or has the power to elect a majority of the board of directors or other governing body.

    
      * Bracketed language will be inserted in the Indenture under which subordinated
        Securities will be issued.

    

    
      9

      
        

    

    “Surrendered
          Securities” has the meaning specified in Section 12.02(c).

    “Trading Day”
      shall mean, with respect to the Common Stock or a Marketable Security, so long as the Common Stock or such Marketable Security, as the case may be, is listed or admitted to trading on Nasdaq, a day on which Nasdaq is open for the transaction of
      business, or, if the Common Stock or such Marketable Security, as the case may be, is not listed or admitted to trading on Nasdaq, a day on which the principal national securities exchange on which the Common Stock or such Marketable Security, as the
      case may be, is listed is open for the transaction of business, or, if the Common Stock or such Marketable Security, as the case may be, is not so listed or admitted for trading on any national securities exchange, a day on which the member of the
      Financial Industry Regulatory Authority, Inc. selected by the Company to provide pricing information for the Common Stock or such Marketable Security is open for the transaction of business.

    “Trust Indenture
          Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed; provided, however, that, in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means,
      to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended.

    “Trustee”
      means the Person named as the Trustee in the first paragraph of this Indenture until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean and include each Person who
      is then a Trustee hereunder.  If at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series.

    “Vice President”
      when used with respect to the Company or the Trustee means any vice president, whether or not designated by a number or a word or words added before or after the title “vice president,” including without limitation, an assistant vice president.

    “Voting Stock,”
      as applied to the stock of any corporation, means stock of any class or classes (however designated) having by the terms thereof ordinary voting power to elect a majority of the members of the board of directors (or other governing body) of such
      corporation other than stock having such power only by reason of the happening of a contingency.

    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 (including any covenants compliance with which constitutes a condition precedent), 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 (including any covenants compliance with which constitutes a condition precedent), 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.

    
      10

      
        

    

    Every certificate or opinion with respect to compliance with a condition or covenant provided for
      in this Indenture (other than annual statements of compliance provided pursuant to Section 10.04) 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;

    (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 or her 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, 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 may certify or give an opinion as to the 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 or her 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 Securityholders.                                                      Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Securityholders or Securityholders of any series may be
        embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Securityholders in person or by an agent duly appointed in writing or may be embodied in or evidenced by an electronic transmission which identifies
        the documents containing the proposal on which such consent is requested and certifies such Securityholders’ consent thereto and agreement to be bound thereby; 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. If any Securities are denominated in coin or currency other than that of the United States, then for the purposes of
        determining whether the Holders of the requisite principal amount of Securities have taken any action as herein described, the principal amount of such Securities shall be deemed to be that amount of United States dollars that could be obtained for
        such principal amount on the basis of the spot rate of exchange into United States dollars for the currency in which such Securities are denominated (as evidenced to the Trustee by an Officer’s Certificate) as of the date the taking of such action
        by the Holders of such requisite principal amount is evidenced to the Trustee as provided in the immediately preceding sentence. If any Securities are Original Issue Discount Securities, then for the purposes of determining whether the Holders of
        the requisite principal amount of Securities have taken any action as herein described, the principal amount of such Original Issue Discount Securities shall be deemed to be the amount of the principal thereof that would be due and payable upon a
        declaration of acceleration of the Maturity thereof as of the date the taking of such action by the Holders of such requisite principal amount is evidenced to the Trustee as provided in the first sentence of this Section 1.04(a). Such instrument or
        instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Securityholders 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 (subject to Section 6.01) conclusive in favor of the Trustee and the Company,
        if made in the manner provided in this Section.

    
      11

      
        

    

    (a)            The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness to such execution or by the certificate of any
        notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him or her the execution thereof.  Where such execution is by an officer of a
        corporation or a member of a partnership, on behalf of such corporation or partnership, such certificate or affidavit shall also constitute sufficient proof of his or her authority.  The fact and date of the execution of any such instrument or
        writing, or the authority of the person executing the same, may also be proved in any other manner which the Trustee deems sufficient.

    (b)            The ownership of Securities shall be proved by the Security Register.

    (c)            If the Company shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other action, the Company may, at its option, fix in
        advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other action, but the Company shall have no obligation to do so.  Such record date shall be the later
        of 10 days prior to the first solicitation of such action or the date of the most recent list of Holders furnished to the Trustee pursuant to Section 7.01.  If such a record date is fixed, such request, demand, authorization, direction, notice,
        consent, waiver or other action may be given before or after the record date, but only the Holders of record at the close of business on the record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite
        proportion of Securities outstanding have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other action, and for that purpose the Securities outstanding shall be computed as of the
        record date; provided that no such authorization, agreement or consent by the Holders on the record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the
        record date, and that no such authorization, agreement or consent may be amended, withdrawn or revoked once given by a Holder, unless the Company shall provide for such amendment, withdrawal or revocation in conjunction with such solicitation of
        authorizations, agreements or consents or unless and to the extent required by applicable law.

     

      

    
      12

      
        

    

    (d)            Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Security shall bind 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 or suffered to be done by the Trustee or the Company in reliance thereon whether or not notation of such action is made upon such Security.

    SECTION 1.05                                        Notices, etc., to Trustee and Company. 
        Any request, demand, authorization, direction, notice, consent, waiver or Act of Securityholders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with:

    (a)            the Trustee by any Securityholder or by the Company shall be in writing and shall be sufficient for every purpose hereunder if made, given, furnished or filed by hand delivery,
        first class mail (registered or certified, return receipt requested), facsimile transmission or overnight air courier guaranteeing next day delivery, and addressed as follows:

        

        

        Attention:

        Facsimile:            ; or

    (b)            the Company by the Trustee or by any Securityholder shall be in writing and shall be sufficient for every purpose hereunder (except as provided in Section 5.01(d) or, in the
        case of a request for repayment, as specified in the Security carrying the right to repayment) if made, given, furnished or filed by hand delivery, first class mail (registered or certified, return receipt requested), facsimile transmission or
        overnight air courier guaranteeing next day delivery, and addressed as follows, or at the address or facsimile number last furnished in writing to the Trustee by the Company:

    One Hamden Center

      2319 Whitney Avenue, Suite 3B

      Hamden, Connecticut 06518

      Attention: Chief Financial Officer

      Facsimile: (607) 266-2801

    SECTION 1.06                                        Notices to Securityholders; Waiver.  Where this Indenture or any Security provides for notice to Securityholders of any event, such notice shall be sufficiently given (unless otherwise
        herein or in such Security expressly provided) if in writing and mailed, first-class postage prepaid, to each Securityholder affected by such event, at his or her address as it appears in the Security Register, not later than the latest date, and
        not earlier than the earliest date, prescribed for the giving of such notice.  In any case where notice to Securityholders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular
        Securityholder shall affect the sufficiency of such notice with respect to other Securityholders.  Where this Indenture or any Security 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 Securityholders 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.

    
      13

      
        

    

    In case, by reason of the suspension of regular mail service as a result of a strike, work
      stoppage or otherwise, it shall be impractical to mail notice of any event to any Securityholder when such notice is required to be given pursuant to any provision of this Indenture, then any method of notification as shall be satisfactory to the
      Trustee and the Company shall be deemed to be a sufficient giving of such notice.

    Where this Indenture provides for notice of any event to a Holder of Securities represented by a
      Global Security, such notice shall be sufficiently given if given to the Depositary for such Securities (or its designee), pursuant to the applicable procedures of the Depositary, not later than the latest date, and not earlier than the earliest
      date, prescribed for the giving of such notice.

    SECTION 1.07                                        Conflict with Trust Indenture Act.  If and to the extent
        that any provision hereof limits, qualifies or conflicts with the duties imposed by, or with another provision (an “incorporated provision”) included in this Indenture by operation of, any of Sections 310 to 318, inclusive, of the Trust Indenture
        Act, such imposed duties or incorporated provision shall control.

    SECTION 1.08                                        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 1.09                                        Successors and Assigns.  All covenants and agreements in
        this Indenture by the Company shall bind its successors and assigns, whether so expressed or not.

    SECTION 1.10                                        Separability Clause.  In case any provision in this
        Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

    SECTION 1.11                                        Benefits of Indenture.  Nothing in this Indenture or in
        any Securities, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, any Authenticating Agent or Paying Agent, the Security Registrar and the Holders of Securities (or such of them as may be
        affected thereby), any benefit or any legal or equitable right, remedy or claim under this Indenture.

    SECTION 1.12                                        Governing Law.  This Indenture shall be construed in
        accordance with and governed by the laws of the State of New York.

    
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    SECTION 1.13                                        Counterparts.  This instrument may be executed in any
        number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

    SECTION 1.14                                        Judgment Currency.  The
        Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of, or premium or interest,
        if any, on the Securities of any series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in the City of New York the Required
        Currency with the Judgment Currency on the New York Banking Day preceding that on which a final unappealable judgment is given and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or
        satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the
        actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required
        Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture.
        For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in the City of New York or a day on which
        banking institutions in the City of New York are authorized or required by law or executive order to close.

    ARTICLE II                          

        

        

        Security Forms

    SECTION 2.01                                        Forms Generally.  The Securities shall have such
        appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture 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 of the Securities.  Any portion of the text of any Security may
        be set forth on additional pages thereof.

    The definitive Securities shall be printed, lithographed or engraved or produced by any
      combination of these methods on steel engraved borders or may be produced in any other manner, all as determined by the Officers executing such Securities, as evidenced by their execution of such Securities, subject, with respect to the Securities of
      any series, to the rules of any securities exchange on which such Securities are listed.

    SECTION 2.02                                        Forms of Securities.  Each Security shall be in a form approved from time to time by or pursuant to a Board Resolution, or
        established in one or more indentures supplemental hereto.  Prior to the delivery of a Security to the Trustee for authentication in any form approved by or pursuant to a Board Resolution, the Company shall deliver to the Trustee the Board
        Resolution by or pursuant to which such form of Security has been approved, which Board Resolution shall have attached thereto a true and correct copy of the form of Security which has been approved thereby or, if a Board Resolution authorizes a
        specific officer or officers to approve a form of Security, a certificate of such officer or officers approving the form of Security attached thereto. Any form of Security approved by or pursuant to a Board Resolution must be acceptable as to form
        to the Trustee, such acceptance to be evidenced by the Trustee’s authentication of Securities in that form or a certificate signed by a Responsible Officer of the Trustee and delivered to the Company.

    
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    SECTION 2.03                                        Form of Trustee’s Certificate of Authentication.  The form
        of Trustee’s Certificate of Authentication for any Security issued pursuant to this Indenture shall be substantially as follows:

    TRUSTEE’S CERTIFICATE OF AUTHENTICATION

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

    , as Trustee,                                                    

    

    

    By:                                        

        Authorized Signatory                                                      

    Dated:                                                                  

    

    

    SECTION 2.04                                        Securities Issuable in the Form of a Global Security.                                                                                                                If the Company shall establish pursuant to Sections 2.02 and 3.01 that the Securities of a particular series are to be issued in whole or in part in the form of one or more
        Global Securities, then the Company shall execute and the Trustee or its agent shall, in accordance with Section 3.03 and the Company Order delivered to the Trustee or its agent thereunder, authenticate and deliver, such Global Security or
        Securities, which (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, the Outstanding Securities of such series to be represented by such Global Security or Securities, or such portion thereof as
        the Company shall specify in a Company Order, (ii) shall be registered in the name of the Depositary for such Global Security or Securities or its nominee, (iii) shall be delivered by the Trustee or its agent to the Depositary or pursuant to the
        Depositary’s instruction and (iv) shall bear a legend substantially to the following effect:

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

    
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    THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE
      INDENTURE REFERRED TO HEREIN. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO THE DEPOSITARY, TO NOMINEES OF THE DEPOSITARY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS
      OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN.”

    (a)            Notwithstanding any other provision of this Section 2.04 or of Section 3.05, and subject to the provisions of paragraph (c) below, unless the terms of a Global Security
        expressly permit such Global Security to be exchanged in whole or in part for individual Securities, a Global Security may be transferred, in whole but not in part and in the manner provided in Section 3.05, only to a nominee of the Depositary for
        such Global Security, or to the Depositary, or a successor Depositary for such Global Security selected or approved by the Company, or to a nominee of such successor Depositary.

    (b)                        If at any time the Depositary for a Global Security
        notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time the Depositary for the Securities for such series shall no longer be eligible or in good standing under the Exchange Act or
        other applicable statute or regulation, the Company shall appoint a successor Depositary with respect to such Global Security.  If a successor Depositary for such Global Security is not appointed by the Company within 90 days after the Company
        receives such notice or becomes aware of such ineligibility, the Company will execute, and the Trustee or its agent, upon receipt of a Company Request for the authentication and delivery of individual Securities of such series in exchange for such
        Global Security, will authenticate and deliver, individual Securities of such series of like tenor and terms in an aggregate principal amount equal to the principal amount of the Global Security in exchange for such Global Security.

    (i)            The Company may at any time and in its sole discretion determine that the Securities of any series or portion thereof issued or issuable in the form of one or more Global
        Securities shall no longer be represented by such Global Security or Securities.  In such event the Company will execute, and the Trustee, upon receipt of a Company Request for the authentication and delivery of individual Securities of such series
        in exchange in whole or in part for such Global Security, will authenticate and deliver individual Securities of such series of like tenor and terms in definitive form in an aggregate principal amount equal to the principal amount of such Global
        Security or Securities representing such series or portion thereof in exchange for such Global Security or Securities.

    (ii)            If specified by the Company pursuant to Sections 2.02 and 3.01 with respect to Securities issued or issuable in the form of a Global Security, the Depositary for such Global
        Security may surrender such Global Security in exchange in whole or in part for individual Securities of such series of like tenor and terms in definitive form on such terms as are acceptable to the Company and such Depositary.  Thereupon the
        Company shall execute, and the Trustee or its agent shall authenticate and deliver, without service charge, (1) to each Person specified by such Depositary a new Security or Securities of the same series of like tenor and terms and of any
        authorized denomination as requested by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest as specified by such Depositary in the Global Security; and (2) to such Depositary a new Global
        Security of like tenor and terms and in an authorized denomination equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of Securities delivered to Holders thereof.

    
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    (iii)            In any exchange provided for in any of the preceding three paragraphs, the Company will execute and the Trustee or its agent will authenticate and deliver individual Securities
        in definitive registered form in authorized denominations.  Upon the exchange of the entire principal amount of a Global Security for individual Securities, such Global Security shall be canceled by the Trustee or its agent.  Except as provided in
        the preceding paragraph, Securities issued in exchange for a Global Security pursuant to this Section shall be registered in such names and in such authorized denominations as the Depositary for such Global Security, pursuant to instructions from
        its direct or indirect participants or otherwise, shall instruct the Trustee or the Security Registrar.  The Trustee or the Security Registrar shall deliver at its Corporate Trust Office such Securities to the Persons in whose names such Securities
        are so registered.

    ARTICLE III                                        

        

        

        The Securities

    SECTION 3.01                                        General Title; General Limitations; Issuable in Series; Terms of Particular Series.  The aggregate
        principal amount of Securities which may be authenticated and delivered and Outstanding under this Indenture is not limited.

    The Securities may be issued in one or more series as from time to time may be authorized by the
      Board of Directors.  There shall be established in or pursuant to a Board Resolution or in an indenture supplemental hereto, subject to Section 3.11, prior to the issuance of Securities of any such series:

    (a)            the title of the Securities of such series (which shall distinguish the Securities of such series from Securities of any other series);

    (b)            the Person to whom any interest on a Security of such series shall be payable, if other than the Person in whose name that Security (or one or more Predecessor Securities) is
        registered at the close of business on the Regular Record Date for such interest;

    (c)            the date or dates on which the principal of the Securities of such series is payable;

    (d)            the rate or rates at which the Securities of such series shall bear interest, if any, the date or dates from which such interest shall accrue, the Interest Payment Dates on
        which any such interest shall be payable and the Regular Record Date for any interest payable on any Interest Payment Date;

    
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    (e)            the place or places where the principal of and any premium and interest on Securities of such series shall be payable;

    (f)            the period or periods within which the Redemption Price or Prices or the Repayment Price or Prices, as the case may be, at which and the terms and conditions upon which
        Securities of such series may be redeemed or repaid (including the applicability of Section 11.09), as the case may be, in whole or in part, at the option of the Company or the Holder;

    (g)            the obligation, if any, of the Company to purchase Securities of such series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the
        period or periods within which, the price or prices at which and the terms and conditions upon which Securities of such series shall be purchased, in whole or in part, pursuant to such obligation;

    (h)            if other than denominations of $2,000 and integral multiples of $1,000 in excess thereof, the denominations in which Securities of such series shall be issuable;

    (i)            provisions, if any, with regard to the conversion or exchange of the Securities of such series, at the option of the Holders thereof or the Company, as the case may be, for or
        into new Securities of a different series, Common Stock or other securities and, if the Securities of such series are convertible into Common Stock or other Marketable Securities, the Conversion Price therefor;

    (j)            if other than U.S. dollars, the currency or currencies or units based on or related to currencies in which the Securities of such series shall be denominated and in which
        payments of principal of, and any premium and interest on, such Securities shall or may be payable;

    (k)            if the principal of (and premium, if any) or interest, if any, on the Securities of such series are to be payable, at the election of the Company or a Holder thereof, in a coin
        or currency (including a composite currency) other than that in which the Securities are stated to be payable, the period or periods within which, and the terms and conditions upon which, such election may be made;

    (l)            if the amount of payments of principal of (and premium, if any) or interest, if any, on the Securities of such series may be determined with reference to an index based on a
        coin or currency (including a composite currency) other than that in which the Securities are stated to be payable, the manner in which such amounts shall be determined;

    (m)            any limit upon the aggregate principal amount of the Securities of such series which may be authenticated and delivered under this Indenture (except for Securities authenticated
        and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of such series pursuant to Sections 3.04, 3.05, 3.06, 9.06, 11.07 and 12.02 and except for any Securities which, pursuant to Section 3.03, are
        deemed never to have been authenticated and delivered hereunder);

    
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    (n)            provisions, if any, with regard to the exchange of Securities of such series, at the option of the Holders thereof, for other Securities of the same series of the same aggregate
        principal amount or of a different authorized series or different authorized denomination or denominations, or both;

    (o)            provisions, if any, with regard to the appointment by the Company of an Authenticating Agent in one or more places other than the location of the
        office of the Trustee with power to act on behalf of the Trustee and subject to its direction in the authentication and delivery of the Securities of any one or more series in connection with such transactions as shall be specified in the
        provisions of this Indenture or in or pursuant to such Board Resolution or indenture supplemental hereto;

    (p)            the portion of the principal amount of Securities of the series, if other than the principal amount thereof, which shall be payable upon declaration
        of acceleration of the Maturity thereof pursuant to Section 5.02 or provable in bankruptcy pursuant to Section 5.04;

    (q)            any Event of Default with respect to the Securities of such series, if not set forth herein, and any additions, deletions or other changes to the Events of Default set forth
        herein that shall be applicable to the Securities of such series;

    (r)            any covenant solely for the benefit of the Securities of such series and any additions, deletions or other changes to the provisions of Article VIII, Article X, [Article XIII]*
        or Section 1.01 or any definitions relating to such Articles that would otherwise be applicable to the Securities of such series;

    (s)            if Section 4.03 of this Indenture shall not be applicable to the Securities of such series or if Section 4.03 shall be applicable to any covenant or Event of Default established
        in or pursuant to a Board Resolution or in an indenture supplemental hereto as described above that has not already been established herein;

    (t)            if the Securities of such series shall be issued in whole or in part in the form of a Global Security or Securities, the terms and conditions, if any, upon which such Global
        Security or Securities may be exchanged in whole or in part for other individual Securities; and the Depositary for such Global Security or Securities;

    (u)            [any amendments or modifications to the subordination provisions in Article XIII;]* and

    (v)            any other terms of such series, including, without limitations, any restrictions on transfer related thereto;

    all upon such terms as may be determined in or pursuant to such Board Resolution or indenture supplemental hereto
      with respect to such series.

    
      * Bracketed language will be inserted in the Indenture under which subordinated
        Securities will be issued.

    

    
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    The form of the Securities of each series shall be established pursuant to the provisions of this
      Indenture in or pursuant to the Board Resolution or in the indenture supplemental hereto creating such series.  The Securities of each series shall be distinguished from the Securities of each other series in such manner, reasonably satisfactory to
      the Trustee, as the Board of Directors may determine.

    Unless otherwise provided with respect to Securities of a particular series, the Securities of
      any series may only be issuable in registered form, without coupons.

    Any terms or provisions in respect of the Securities of any series issued under this Indenture
      may be determined pursuant to this Section by providing for the method by which such terms or provisions shall be determined.

    SECTION 3.02                                        Denominations.  The Securities of each series shall be
        issuable in such denominations and currency as shall be provided in the provisions of this Indenture or in or pursuant to the Board Resolution or the indenture supplemental hereto creating such series.  In the absence of any such provisions with
        respect to the Securities of any series, the Securities of that series shall be issuable only in fully registered form in denominations of $2,000 and integral multiples of $1,000 in excess thereof.

    SECTION 3.03                                        Execution, Authentication and Delivery and Dating.  The Securities shall be executed on behalf of the Company by its Chief Executive Officer, its Chief Financial Officer, its Chief
        Operating Officer, one of its Vice Presidents or its Treasurer or any Assistant Treasurer and attested by its Secretary or one of its Assistant Secretaries.  The signature of any of these officers on the Securities may be manual or facsimile.

    Securities bearing the manual or facsimile signatures of individuals who were at any time 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; and the Trustee shall, upon Company Order, authenticate and deliver such Securities as in this Indenture provided and not otherwise.

    Prior to any such authentication and delivery, the Trustee shall be provided with the Officer’s
      Certificate and Opinion of Counsel required to be furnished to the Trustee pursuant to Section 1.02, and the Board Resolution and any certificate relating to the issuance of the series of Securities required to be furnished pursuant to Section 2.02
      and Opinion of Counsel substantially to the effect that:

    (a)            all instruments furnished to the Trustee conform to the requirements of the Indenture and constitute sufficient authority hereunder for the Trustee to authenticate and deliver
        such Securities;

    (b)            the form and terms of such Securities have been established in conformity with the provisions of this Indenture; and

    
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    (c)            such Securities have been duly authorized, executed and delivered by the Company and, assuming due authentication and delivery by the Trustee, constitute legal, valid and
        binding obligations of the Company enforceable in accordance with their terms (subject, as to enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, fraudulent conveyance or transfer, moratorium or other laws and legal
        principles affecting creditors’ rights generally from time to time in effect and to general equitable principles, whether applied in an action at law or in equity);

    and, if the authentication and delivery relates to a new series of Securities created by an indenture supplemental
      hereto, also stating that any such supplemental indenture has been duly authorized, executed and delivered and constitutes the legal, valid and binding obligation of the Company enforceable in accordance with its terms (subject, as to enforcement of
      remedies, to applicable bankruptcy, reorganization, insolvency, fraudulent conveyance or transfer, moratorium or other laws and legal principles affecting creditors’ rights generally from time to time in effect and to general equitable principles,
      whether applied in an action at law or in equity).

    The Trustee shall not be required to authenticate such Securities if the issue thereof will
      adversely affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture.

    Unless otherwise provided in the form of Security for any series, all Securities shall be dated
      the date of their 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 or facsimile 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.  Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company,
      and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.09, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be
      entitled to the benefits of this Indenture.

    SECTION 3.04                                        Temporary
            Securities.  Pending the preparation of definitive Securities of any series, the Company may execute, and, upon receipt of the documents required by Section 3.03, together with a Company Order, the Trustee shall authenticate and
        deliver, temporary Securities which are printed, lithographed, typewritten 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, as evidenced by their execution of such Securities.

    If temporary Securities of any series are issued, the Company will cause definitive Securities of
      such series to be prepared without unreasonable delay.  After the preparation of definitive Securities, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities
      of such series at the office or agency of the Company in a Place of Payment, without charge to the Holder; and 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 such series of authorized denominations and of like tenor and terms. Until so exchanged the temporary Securities of such series shall in all respects be entitled to the
      same benefits under this Indenture as definitive Securities of such series.

    
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    SECTION 3.05                                        Registration, Transfer and Exchange.  The Company shall keep or cause to be kept a register or registers (the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities, or of Securities of a particular series, and of
        transfers of Securities or of Securities of such series.  Any such register shall be in written form or in any other form capable of being converted into written form within a reasonable time.  At all reasonable times the information contained in
        such register or registers shall be available for inspection by the Trustee at the office or agency to be maintained by the Company as provided in Section 10.02.  There shall be only one Security Register per series of Securities.

    Subject to Section 2.04, upon surrender for registration of transfer of any Security of any
      series at the office or agency of the Company maintained for such purpose 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
      Securities of such series of any authorized denominations, of a like aggregate principal amount and Stated Maturity and of like tenor and terms.

    Subject to Section 2.04, at the option of the Holder, Securities of any series may be exchanged
      for other Securities of such series of any authorized denominations, of a like aggregate principal amount and Stated Maturity and of like tenor and terms, upon surrender of the Securities to be exchanged at such office or agency.  Whenever any
      Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Securityholder 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 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 Trustee, duly executed by the Holder thereof or such Holder’s attorney duly authorized in
      writing.

    Unless otherwise provided in the Security to be registered for transfer or exchanged, no service
      charge shall be made on any Holder for any registration of transfer or exchange of Securities, but the Company may (unless otherwise provided in such Security) require payment of a sum sufficient to cover any tax or other governmental charge that may
      be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.04, 9.06 or 11.07 not involving any transfer.

    
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    The Company shall not be required (i) to issue, register the transfer of or exchange any Security
      of any series during a period beginning at the opening of business 15 days before the day of the transmittal of a notice of redemption of Securities of such series selected for redemption under Section 11.03 and ending at the close of business on the
      date of transmittal of such notice, or (ii) to register the transfer of or exchange any Security so selected for redemption in whole or in part.

    None of the Company, the Trustee, any agent of the Trustee, any Paying Agent or the Security
      Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing any records relating to such
      beneficial ownership interests.

    SECTION 3.06                                        Mutilated, Destroyed, Lost and Stolen Securities.  If (i) any mutilated Security is surrendered to the
        Trustee, or the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security, and (ii) there is delivered to the Company and the Trustee such security or indemnity as may be required by them to
        save each of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a protected purchaser, the Company shall execute and upon its written request the Trustee shall authenticate and
        deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Security, a new Security of like tenor, series, Stated Maturity and principal amount, bearing a number not contemporaneously outstanding.

    In case any such mutilated, destroyed, lost or stolen Security has become or is about to become
      due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security.

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

    Every new Security issued pursuant to this Section in lieu of any destroyed, lost or stolen
      Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture
      equally and proportionately with any and all other Securities of the same series duly issued hereunder.

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

    SECTION 3.07                                        Payment of Interest; Interest Rights Preserved.  Unless otherwise provided with respect to such Security pursuant to Section 3.01, interest on any Security which is payable, and is
        punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest.

    
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    Any interest on any Security which is payable, but is not punctually paid or duly provided for,
      on any Interest Payment Date (“Defaulted Interest”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue
      of having been such Holder; and, except as hereinafter provided, such Defaulted Interest may be paid by the Company, at its election, as provided in Clause (a) or Clause (b) below:

    (a)            The Company may elect to make payment of any Defaulted Interest to the Persons in whose names any such Securities (or their respective Predecessor
        Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner (the “Special
            Record Date”).  The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall deposit with
        the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements reasonably satisfactory to the Trustee for such deposit prior to the date of the proposed payment,
        such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which
        shall be not more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment.  The Trustee shall promptly notify the Company of such
        Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be transmitted to the Holder of each such Security as provided in
        Section 1.06, not less than 10 days prior to such Special Record Date.  Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been transmitted as aforesaid, such Defaulted Interest shall be paid to
        the Persons in whose names such Securities (or their respective Predecessor Securities) are registered on such Special Record Date and shall no longer be payable pursuant to the following Clause (b).

    (b)            The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may
        be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this Clause, such manner of payment shall be deemed practicable by the Trustee.

    If any installment of interest the Interest Payment Date with respect to which is on or prior to
      the Redemption Date for any Security called for redemption pursuant to Article XI is not paid or duly provided for on or prior to the Redemption Date in accordance with the foregoing provisions of this Section, such interest shall be payable as part
      of the Redemption Price of such Securities.

    Subject to the foregoing provisions of this Section, each Security delivered under this Indenture
      upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.

    
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    SECTION 3.08                                        Persons Deemed Owners.  The Company, the Trustee and any
        agent of the Company or the Trustee may treat the Person in whose name any Security is registered as the owner of such Security for the purpose of receiving payment of principal of (and premium, if any), and (subject to Section 3.07) interest on,
        such Security and for all other purposes whatsoever, whether or not such Security 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.

    None of the Company, the Trustee, any Paying Agent or the Security Registrar will have any
      responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership
      interests.

    SECTION 3.09                                        Cancellation.  All Securities
        surrendered for payment, conversion, redemption, registration of transfer, exchange or credit against a sinking fund shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already canceled, shall be
        promptly canceled by the Trustee.  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 canceled by the Trustee.  No Security shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except as expressly permitted by this Indenture.  The Trustee shall
        dispose of all canceled Securities in accordance with its standard procedures and deliver a certificate of such disposition to the Company upon its written request therefor.

    SECTION 3.10                                        Computation of Interest.  Unless otherwise provided as
        contemplated in Section 3.01, interest on the Securities shall be calculated on the basis of a 360-day year of twelve 30-day months.

    SECTION 3.11                                        Delayed Issuance of Securities. 
        Notwithstanding any contrary provision herein, if all Securities of a series are not to be originally issued at one time, it shall not be necessary for the Company to deliver to the Trustee an Officer’s Certificate, Board Resolution, indenture
        supplemental hereto, Opinion of Counsel or Company Order otherwise required pursuant to Sections 1.02, 2.02, 3.01 and 3.03 at or prior to the time of authentication of each Security of such series if such documents are delivered to the Trustee or
        its agent at or prior to the authentication upon original issuance of the first Security of such series to be issued; provided that any subsequent request by the Company to the Trustee to authenticate Securities of such series upon original
        issuance shall constitute a representation and warranty by the Company that as of the date of such request, the statements made in the Officer’s Certificate or other certificates delivered pursuant to Sections 1.02 and 2.02 shall be true and
        correct as if made on such date.

    A Company Order, Officer’s Certificate or Board Resolution or indenture supplemental hereto
      delivered by the Company to the Trustee in the circumstances set forth in the preceding paragraph may provide that Securities which are the subject thereof will be authenticated and delivered by the Trustee or its agent on original issue from time to
      time in the aggregate principal amount, if any, established for such series pursuant to such procedures reasonably acceptable to the Trustee as may be specified from time to time by Company Order upon the telephonic, electronic or written order of
      Persons designated in such Company Order, Officer’s Certificate, indenture supplemental hereto or Board Resolution (any such telephonic or electronic instructions to be promptly confirmed in writing by such Persons) and that such Persons are
      authorized to determine, consistent with such Company Order, Officer’s Certificate, indenture supplemental hereto or Board Resolution, such terms and conditions of said Securities as are specified in such Company Order, Officer’s Certificate,
      indenture supplemental hereto or Board Resolution.

    
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    ARTICLE IV                                        

        

        

        Satisfaction and Discharge

    SECTION 4.01                                        Satisfaction and Discharge of Indenture.  Unless, pursuant to Section 3.01, provision is made that this Section shall not be applicable to the Securities of any series, this Indenture shall cease to be of further
        effect with respect to any series of Securities (except as to any surviving rights of conversion or registration of transfer or exchange of Securities of such series expressly provided for herein or in the form of Security for such series), and the
        Trustee, on receipt of a Company Request and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series, when:

    (a)            either

    (i)            all Securities of that series theretofore authenticated and delivered (other than (i) Securities of such series which have been destroyed, lost or stolen and which have been
        replaced or paid as provided in Section 3.06, and (ii) Securities of such series for whose payment money in the Required Currency 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 canceled or for cancellation; or

    (ii)            all such Securities of that series not theretofore delivered to the Trustee canceled or for cancellation:

    (1)            have become due and payable, or

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

    (3)            are to be called for redemption within one year under arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and
        at the expense, of the Company,

    and the Company, in the case of (1), (2) or (3) above, has irrevocably deposited or caused to be deposited with the
      Trustee as trust funds in trust for the purpose an amount in the Required Currency sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee canceled or for cancellation, for principal (and
      premium, if any) and interest to the date of such deposit (in the case of Securities which have become due and payable), or to the Stated Maturity or Redemption Date, as the case may be;

    
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    (b)            the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Securities of such series; and

    (c)            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 with respect to the Securities of such series have been complied with.

    Notwithstanding the satisfaction and discharge of this Indenture with respect to any series of Securities, the
      obligations of the Company to the Trustee with respect to that series under Section 6.07 shall survive and the obligations of the Company and the Trustee under Sections 3.05, 3.06, 4.02, 10.02 and 10.03 shall survive such satisfaction and discharge.

    SECTION 4.02                                        Application of Trust Money.  Subject to the provisions of the last paragraph of Section 10.03, all money, property and securities deposited with the Trustee
        pursuant to Section 4.01 or Section 4.03 shall be held in trust and applied by it, in accordance with the provisions of the series of Securities in respect of which it was deposited and this Indenture, to the payment, either directly or through any
        Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee;
        but such money need not be segregated from other funds except to the extent required by law.

    Anything herein to the contrary notwithstanding, the Trustee shall deliver or pay to the Company
      from time to time upon Company Request any money, property or securities deposited with and held by it as provided in Section 4.03 and this Section 4.02 which, in the opinion of a nationally recognized firm of independent public accountants expressed
      in a written 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 satisfaction and discharge, Discharge (as defined below) or covenant defeasance,
      provided that the Trustee shall not be required to liquidate any securities in order to comply with the provisions of this paragraph.

    SECTION 4.03                                        Defeasance upon Deposit of Funds or Government Obligations.  Unless pursuant to Section 3.01 provision is made that this Section
        shall not be applicable to the Securities of any series, at the Company’s option, either (a) the Company shall be deemed to have been Discharged (as defined below) from its obligations with respect to any series of Securities after the applicable
        conditions set forth below have been satisfied or (b) the Company shall cease to be under any obligation to comply with any term, provision or condition set forth in Section 10.05 and Article VIII (and any other Sections, Articles or covenants
        applicable to such Securities that are determined pursuant to Section 3.01 to be subject to this provision) and Clause (d) of Section 5.01 of this Indenture (and any other Events of Default applicable to such Securities that are determined pursuant
        to Section 3.01 to be subject to this provision) shall be deemed not to be an Event of Default with respect to any series of Securities at any time after the applicable conditions set forth below have been satisfied:

    
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    (a)            the Company shall have deposited or caused to be deposited irrevocably with the Trustee as trust funds, specifically pledged as security for, and dedicated solely to, the
        benefit of the Holders of the Securities of such series, (i) money in an amount, or (ii) the equivalent in securities of the government which issued the currency in which the Securities are denominated or government agencies backed by the full
        faith and credit of such government which through the payment of interest and principal in respect thereof in accordance with their terms will provide freely available funds on or prior to the due date of any payment, money in an amount, or (iii) a
        combination of (i) and (ii), sufficient, in the opinion (with respect to (ii) and (iii)) of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge
        each installment of principal (including mandatory sinking fund payments) and any premium of, interest on and any repurchase or redemption obligations with respect to the outstanding Securities of such series on the dates such installments of
        interest or principal or repurchase or redemption obligations are due (before such a deposit, if the Securities of such series are then redeemable or may be redeemed in the future pursuant to the terms thereof, in either case at the option of the
        Company, the Company may give to the Trustee, in accordance with Section 11.02, a notice of its election to redeem all of the Securities of such series at a future date in accordance with Article XI);

    (b)            no Event of Default or event (including such deposit) which with notice or lapse of time would become an Event of Default with respect to the Securities of such series shall
        have occurred and be continuing on the date of such deposit (other than an Event of Default resulting from the borrowing of funds to be applied to such deposit);

    (c)            the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that Holders of the Securities of such series will not recognize income, gain or loss for
        federal income tax purposes as a result of the Company’s exercise of its option under this Section 4.03 and will be subject to federal income tax on the same amount and in the same manner and at the same times as would have been the case if such
        option had not been exercised, and, in the case of Securities being Discharged, accompanied by a ruling to that effect from the Internal Revenue Service, unless, as set forth in such Opinion of Counsel, there has been a change in the applicable
        federal income tax law since the date of this Indenture such that a ruling from the Internal Revenue Service is no longer required;

    (d)            the Company shall have delivered to the Trustee an Officer’s Certificate stating that the deposit referred to in paragraph (a) above was not made by the Company with the intent
        of preferring the Holders over other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; and

    (e)            the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that all conditions precedent herein provided for relating to the
        satisfaction and discharge of this Indenture with respect to the Securities of such series have been complied with.

    “Discharged”
      means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by, and obligations under, the Securities of such series and to have satisfied all the obligations under this Indenture relating to the Securities
      of such series (and the Trustee, on receipt of a Company Request and at the expense of the Company, shall execute proper instruments acknowledging the same), except (1) the rights of Holders of Securities to receive, from the trust fund described in
      clause (a) above, payment of the principal and any premium of and any interest on such Securities when such payments are due; (2) the Company’s obligations with respect to such Securities under Sections 3.05, 3.06, 4.02, 6.07, 10.02 and 10.03; (3)
      the Company’s right of redemption, if any, with respect to any Securities of such series pursuant to Article XI, in which case the Company may redeem the Securities of such series in accordance with Article XI by complying with such Article and
      depositing with the Trustee, in accordance with Section 11.05, an amount of money sufficient, together with all amounts held in trust pursuant to Section 4.02 with respect to Securities of such series, to pay the Redemption Price of all the
      Securities of such series to be redeemed; and (4) the rights, powers, trusts, duties and immunities of the Trustee hereunder.  A “Discharge” shall mean the
      meeting by the Company of the foregoing requirements.

    
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    SECTION 4.04                                        Reinstatement.  If the Trustee or Paying Agent is unable
        to apply any money or securities in accordance with Section 4.02 of this Indenture, 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 Company’s obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section 4.01 or 4.03 of this Indenture, as the case may be, until such time as the Trustee
        or Paying Agent is permitted to apply all such money, property or securities in accordance with Section 4.02 of this Indenture; provided that, if the Company has made any payment of principal of or interest on any Securities because of the
        reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money, property or securities held by the Trustee or Paying Agent.

    ARTICLE V                          

        

        

        Remedies

    SECTION 5.01                                        Events of Default.  “Event of Default,” wherever used herein, means with respect to any series of Securities any one of the
        following events (whatever the reason for such Event of Default and whether it shall be [occasioned by the provisions of Article XIII or]* 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), unless such event is either inapplicable to a particular series or it is specifically deleted or modified in or pursuant to the indenture supplemental
        hereto or Board Resolution creating such series of Securities or in the form of Security for such series:

    (a)            default in the payment of any interest upon any Security of that series when it becomes due and payable, and continuance of such default for a period of 30 days; or

    

      * Bracketed language will be inserted in the Indenture under which subordinated
        Securities will be issued.

    

    
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    (b)            default in the payment of the principal of (or premium, if any, on) any Security of that series at its Maturity; or

    (c)            default in the payment of any sinking or purchase fund or analogous obligation when the same becomes due by the terms of the Securities of such series; or

    (d)            default in the performance, or breach, of any covenant or warranty of the Company in this Indenture in respect of the Securities of such series
        (other than a covenant or warranty in respect of the Securities of such series a default in the performance of which or the breach of which is elsewhere in this Section specifically dealt with), all of such covenants and warranties in the Indenture
        which are not expressly stated to be for the benefit of a particular series of Securities being deemed in respect of the Securities of all series for this purpose, 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 Holders of at least 30% in aggregate principal amount of the Outstanding Securities of such series, a written notice specifying such
        default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or

    (e)            the entry of an order for relief against the Company or any Material U.S. Subsidiary thereof under Title 11, United States Code (the “Federal Bankruptcy Act”) by a court having jurisdiction in the premises or a decree or order by a court having jurisdiction in the premises adjudging the Company
        or any Material U.S. Subsidiary thereof a bankrupt or insolvent under any other applicable federal or state law, or the entry of a decree or order approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition
        of or in respect of the Company or any Material U.S. Subsidiary thereof under the Federal Bankruptcy Act or any other applicable federal or state law, or appointing a receiver, liquidator, assignee, trustee, sequestrator (or other similar official)
        of the Company or any Material U.S. Subsidiary thereof or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 90
        consecutive days; or

    (f)            the consent by the Company or any Material U.S. Subsidiary thereof to the institution of bankruptcy or insolvency proceedings against it, or the
        filing by it of a petition or answer or consent seeking reorganization or relief under the Federal Bankruptcy Act or any other applicable federal or state law, or the consent by it to the filing of any such petition or to the appointment of a
        receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or any Material U.S. Subsidiary thereof or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors,
        or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company or any Material U.S. Subsidiary thereof in furtherance of any such action; or

    (g)            any other Event of Default provided in the indenture supplemental hereto or Board Resolution under which such series of Securities is issued or in the form of Security for such
        series.

    SECTION 5.02                                        Acceleration of Maturity; Rescission and
            Annulment.  If an Event of Default described in paragraph (a), (b), (c), (d) (if the Event of Default under paragraph (d) is with respect to fewer than all series of Securities then Outstanding) or (g) of Section 5.01 occurs and is
        continuing with respect to any series, then and in each and every such case, unless the principal of all the Securities of such series shall have already become due and payable, either the Trustee or the Holders of not less than 30% in aggregate
        principal amount of the Securities of such series then Outstanding hereunder (each such series acting as a separate class), by notice in writing to the Company (and to the Trustee if given by Holders), may declare the principal amount (or, if the
        Securities of such series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of that series) of all the Securities of such series and all accrued interest thereon to be due and payable
        immediately, and upon any such declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Securities of such series contained to the contrary notwithstanding. If an Event of Default described in
        paragraph (d) (if the Event of Default under paragraph (d) is with respect to all series of Securities then Outstanding) of Section 5.01 occurs and is continuing, then and in each and every such case, unless the principal of all the Securities
        shall have already become due and payable, either the Trustee or the Holders of not less than 30% in aggregate principal amount of all the Securities then Outstanding hereunder (treated as one class), by notice in writing to the Company (and to the
        Trustee if given by Holders), may declare the principal amount (or, if any Securities are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms thereof) of all the Securities then Outstanding and
        all accrued interest thereon to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Securities contained to the contrary notwithstanding.
        If an Event of Default of the type set forth in paragraph (e) or (f) of Section 5.01 occurs and is continuing, the principal of and any interest on the Securities then outstanding shall become immediately due and payable.

    
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    At any time after such a declaration of acceleration has been made with respect to the Securities
      of any or all series, as the case may be, and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding
      Securities of such series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if:

    (a)            the Company has paid or deposited with the Trustee a sum sufficient to pay:

    (i)            all overdue installments of interest on the Securities of such series; and

    (ii)            the principal of (and premium, if any, on) any Securities of such series which have become due otherwise than by such declaration of acceleration, and interest thereon at the
        rate or rates prescribed therefor by the terms of the Securities of such series, to the extent that payment of such interest is lawful; and

    (iii)            interest upon overdue installments of interest at the rate or rates prescribed therefor by the terms of the Securities of such series to the extent that payment of such interest
        is lawful; and

    (iv)            all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and all other
        amounts due the Trustee under Section 6.07; and

     

      

    
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    (b)            all Events of Default with respect to such series of Securities, other than the nonpayment of the principal of the Securities of such series which have become due solely by such
        acceleration, have been cured or waived as provided in Section 5.13.

    No such rescission 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 if:

    (a)            default is made in the payment of any installment of interest on any Security of any series when such interest becomes due and payable; or

    (b)            default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof; or

    (c)            default is made in the payment of any sinking or purchase fund or analogous obligation when the same becomes due by the terms of the Securities of any series;

    and any such default continues for any period of grace provided with respect to the Securities of such series, the
      Company will, upon demand of the Trustee, pay to it, for the benefit of the Holder of any such Security (or the Holders of any such series in the case of Clause (c) above), the whole amount then due and payable on any such Security (or on the
      Securities of any such series in the case of Clause (c) above) for principal (and premium, if any) and interest, with interest, to the extent that payment of such interest shall be legally enforceable, upon the overdue principal (and premium, if any)
      and upon overdue installments of interest, at such rate or rates as may be prescribed therefor by the terms of any such Security (or of Securities of any such series in the case of Clause (c) above); and, in addition thereto, such further amount as
      shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and all other amounts due the Trustee under Section 6.07.

    If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name
      and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor
      upon the Securities of such series and collect the money adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated.

    If an Event of Default with respect to any series of 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 of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such
      rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.

    
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    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 principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee
        shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceedings or otherwise:

    (a)            to file and prove a claim for the whole amount of principal (or portion thereof determined pursuant to Section 3.01(p) to be provable in bankruptcy) (and premium, if any) and
        interest owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary and 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 all other amounts due the Trustee under Section 6.07) and of the Securityholders allowed in such judicial proceeding; and

    (b)            to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same;

    and any receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial
      proceeding is hereby authorized by each Securityholder to make such payment to the Trustee and in the event that the Trustee shall consent to the making of such payments directly to the Securityholders, to pay to the Trustee any amount due to 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 Securityholder 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
      Securityholder in any such proceeding.

    SECTION 5.05                                        Trustee May Enforce Claims Without Possession of Securities. 
        All rights of action and claims under this Indenture or the Securities of any series may be prosecuted and enforced by the Trustee without the possession of any of the Securities of such series 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 agent and counsel and any other amounts due the Trustee under Section 6.07, be for the ratable benefit of the Holders of the Securities of the series in respect of which such judgment has been recovered.

    
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    SECTION 5.06                                        Application of Money Collected.  Any money collected by
        the Trustee with respect to a series of Securities pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if
        any) or interest, upon presentation of the Securities of such series 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:  [Subject to Article XIII,]* To the payment of the amounts then due and unpaid
      upon the Securities of that series for principal (and premium, if any) and interest, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and
      payable on such Securities for principal (and premium, if any) and interest, respectively.

    THIRD: To the Company.

    SECTION 5.07                                        Limitation on Suits.  No Holder of any Security of any
        series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless:

    (a)            Default with respect to Securities of such series;

    (b)            the Holders of not less than 30% in principal amount of the outstanding Securities of such series shall have made written request to the Trustee to institute proceedings in
        respect of such Event of Default in its own name as Trustee hereunder;

    (c)            such Holder or Holders have offered to the Trustee indemnity reasonably satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such
        request;

    (d)            the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and

    (e)            no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding
        Securities of such series;

    it being understood and intended that no one or more Holders of Securities of such series 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 Holders of Securities of such series, or to obtain or to seek to obtain priority or preference over any other
      such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and proportionate benefit of all the Holders of all Securities of such series.

    
      * Bracketed language will be inserted in the Indenture under which subordinated Securities will be issued.

    

    
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    SECTION 5.08                                        Unconditional Right of Securityholders to Receive Principal, Premium
            and Interest.  Notwithstanding any other provisions in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of (and premium, if any) and (subject to
        Section 3.07) interest on such Security on the Stated Maturity or the Interest Payment Dates expressed in such Security (or, in the case of redemption or repayment, on the Redemption Date or Repayment Date, as the case may be) and to institute suit
        for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder.

    SECTION 5.09                                        Restoration of Rights and Remedies.  If the Trustee or any
        Securityholder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, then and in every such case the Company, the Trustee and the Securityholders
        shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and the Securityholders shall continue as though no such
        proceeding had been instituted.

    SECTION 5.10                                        Rights and Remedies Cumulative.  No right or remedy herein
        conferred upon or reserved to the Trustee or to the Securityholders 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 Security 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 Securityholders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Securityholders, as the case may be.

    SECTION 5.12                                        Control by Securityholders.  The Holders of a majority in
        principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee
        with respect to the Securities of such series, provided that:

    (a)            the Trustee shall have the right to decline to follow any such direction if the Trustee, being advised by counsel, determines that the action so directed may not lawfully be
        taken or would conflict with this Indenture or if the Trustee in good faith shall, by a Responsible Officer, determine that the proceedings so directed would involve it in personal liability or be unjustly prejudicial to the Holders not taking part
        in such direction, and

    
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    (b)            the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

    SECTION 5.13                                        Waiver of Past Defaults.  The
        Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past default hereunder with respect to such series and its consequences,
        except a default not theretofore cured:

    (a)            in the payment of the principal of (or premium, if any) or interest on any Security of such series, or in the payment of any sinking or purchase fund or analogous obligation
        with respect to the Securities of such series, or

    (b)            in respect of a covenant or provision hereof which under Article IX cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series.

    Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed
      to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

    SECTION 5.14                                        Undertaking for Costs.  All
        parties to this Indenture agree, and each Holder of any Security by his or her 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 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 and expenses, 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 Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities of any series to which the
        suit relates, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of (or premium, if any) or interest on a Security on or after the Stated Maturity expressed in such Security (or, in the case of
        redemption or repayment, on or after the Redemption Date or Repayment Date, as the case may be).

    SECTION 5.15                                        Waiver of Stay or Extension Laws.  The Company covenants
        (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force,
        which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede
        the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

        

      

    
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    ARTICLE VI                                        

        

        

        The Trustee

    SECTION 6.01                                        Certain
          Duties and Responsibilities.                                                                                    Except during the continuance of an Event of Default with respect to any series of Securities:

    (i)            the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture with respect to the Securities of such series, 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, with respect to Securities of such series, conclusively rely, as to the truth of the statements and the correctness of
        the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically
        required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical
        calculations or other facts stated therein).

    (b)            In case an Event of Default with respect to any series of Securities has occurred and is continuing, the Trustee shall exercise with respect to the Securities of such series
        such of the rights and powers vested in it by this Indenture and any indenture supplemental hereto or Board Resolution relating to such series of Securities, 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 his or her own affairs.

    (c)            No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful
        misconduct, except that:

    (i)            this Subsection shall not be construed to limit the effect of Subsection (a) of this Section;

    (ii)            the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining
        the pertinent facts;

    (iii)            the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in
        principal amount of the Outstanding Securities of any series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this
        Indenture with respect to the Securities of such series; and

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

    
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    (d)            Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee
        shall be subject to the provisions of this Section.

    SECTION 6.02                                        Notice of Defaults.  Within 90
        days after the occurrence of any default hereunder with respect to Securities of any series (provided such default is known to the Trustee), the Trustee shall transmit to all Securityholders of such series, in accordance with Section 1.06, notice
        of such default hereunder, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest on any Security of such series or in the
        payment of any sinking or purchase fund installment or analogous obligation with respect to Securities of such series, 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 interests of the Securityholders of such series; and provided, further, that in the case of any default of
        the character specified in Section 5.01(d) with respect to Securities of such series no such notice to Securityholders of such series shall be given until at least 90 days after the occurrence thereof. For the purpose of this Section, the term “default,” with respect to Securities of any series, means any event which is, or after notice or lapse of time or both would become, an Event of Default with
        respect to Securities of such series.

    SECTION 6.03                                        Certain Rights of Trustee.  Except as otherwise provided
        in Section 6.01:

    (a)            the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report,
        notice, request, direction, consent, order, bond, debenture 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 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 proved 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 written advice of such counsel or an 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;

    (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 Securityholders
        pursuant to this Indenture, unless such Securityholders shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request
        or direction;

    
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    (f)            the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice,
        request, direction, consent, order, bond, debenture or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to
        make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney;

    (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 shall not be charged with knowledge of any default (as defined in Section 6.02) or Event of Default with respect to the Securities of any series for which it is
        acting as Trustee unless either (1) a Responsible Officer of the Trustee assigned to the Corporate Trust Department of the Trustee (or any successor division or department of the Trustee) shall have actual knowledge of such default or Event of
        Default or (2) written notice of such default or Event of Default shall have been given to the Trustee by the Company or any other obligor on such Securities or by any Holder of such Securities;

    (i)            the Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers
        conferred upon it by this Indenture; and

    (j)            the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be
        enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder.

    SECTION 6.04                                        Not Responsible for Recitals or Issuance of Securities. 
        The recitals contained herein and in the Securities, except the 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.  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 Authenticating
        Agent, any Paying Agent, the Security Registrar, any Conversion Agent 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 Sections 6.08 and 6.13, may otherwise
        deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar, Conversion Agent or such other agent.

    
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    SECTION 6.06                                        Money Held in Trust.  Subject to the provisions of Section
        10.03 hereof, all moneys in any currency or currency 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.  The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company.

    SECTION 6.07                                        Compensation and Reimbursement.  The Company agrees:

    (a)            to pay to the Trustee from time to time reasonable compensation for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in
        regard to the compensation of a trustee of an express trust);

    (b)            except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee
        in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as shall be determined to have been caused by
        its own negligence or bad faith; and

    (c)            to indemnify the Trustee for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on its part, arising out of or in
        connection with the acceptance or administration of this trust, 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.

    As security for the performance of the obligations of the Company under this Section, the Trustee
      shall have a lien prior to the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) or interest on particular Securities.

    When the Trustee incurs expenses or renders services in connection with an Event of Default
      specified in Section 5.01(e) or (f), the expenses and the compensation for the services are intended to constitute expenses of administration under any bankruptcy law.

    The Company’s obligations under this Section 6.07 and any lien arising hereunder shall survive
      the resignation or removal of any Trustee, the discharge of the Company’s obligations pursuant to Article IV of this Indenture and/or the termination of this Indenture.

    SECTION 6.08                                        Disqualification;
            Conflicting Interests.  The Trustee for the Securities of any series issued hereunder shall be subject to the provisions of Section 310(b) of the Trust Indenture Act during the period of time provided for therein.  In determining
        whether the Trustee has a conflicting interest as defined in Section 310(b) of the Trust Indenture Act with respect to the Securities of any series, there shall be excluded this Indenture with respect to Securities of any particular series of
        Securities other than that series.  Nothing herein shall prevent the Trustee from filing with the Commission the application referred to in the second to last paragraph of Section 310(b) of the Trust Indenture Act.

    
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    SECTION 6.09                                        Corporate Trustee Required; Eligibility. 
        There shall at all times be a Trustee hereunder with respect to each series of Securities, which shall be either:

    (a)            a corporation organized and doing business under the laws of the United States of America or of any state, authorized under such laws to exercise corporate trust powers and
        subject to supervision or examination by federal or state authority, or

    (b)            a corporation or other Person organized and doing business under the laws of a foreign government that is permitted to act as Trustee pursuant to a rule, regulation or order of
        the Commission, authorized under such laws to exercise corporate trust powers, and subject to supervision or examination by authority of such foreign government or a political subdivision thereof substantially equivalent to supervision or
        examination applicable to United States institutional trustees;

    in either case having a combined capital and surplus of at least $100,000,000.  If such corporation publishes
      reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its
      combined capital and surplus as set forth in its most recent report of condition so published.  Neither the Company nor any Person directly or indirectly controlling, controlled by, or under common control with the Company shall serve as trustee for
      the Securities of any series issued hereunder.  If at any time the Trustee with respect to any series of Securities shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the
      effect specified in Section 6.10.

    SECTION 6.10                                        Resignation and Removal.                                                                      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 under Section 6.11.

    (a)            The Trustee may resign with respect to any series of Securities at any time by giving written notice thereof to the Company.  If an instrument of acceptance by a successor
        Trustee 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.

    (b)            The Trustee may be removed with respect to any series of Securities at any time by Act of the Holders of a majority in principal amount of the outstanding Securities of that
        series, delivered to the Trustee and to the Company.  If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the removed Trustee may petition any
        court of competent jurisdiction for the appointment of a successor Trustee.

    (c)            If at any time:

    (i)            the Trustee shall fail to comply with Section 310(b) of the Trust Indenture Act pursuant to Section 6.08 with respect to any series of Securities after written request therefor
        by the Company or by any Securityholder who has been a bona fide Holder of a Security of that series for at least six months, unless the Trustee’s duty to resign is stayed in accordance with the provisions of Section 310(b) of the Trust Indenture
        Act, or

    
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    (ii)            the Trustee shall cease to be eligible under Section 6.09 with respect to any series of Securities and shall fail to resign after written request therefor by the Company or by
        any such Securityholder, or

    (iii)            the Trustee shall become incapable of acting with respect to any series of Securities, or

    (iv)            the Trustee 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, (A) the Company by a Board Resolution may remove the Trustee, with respect to the series, or
      in the case of Clause (iv), with respect to all series, or (B) subject to Section 5.14, any Securityholder who has been a bona fide Holder of a Security of such series 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 and the appointment of a successor Trustee with respect to the series, or, in the case of Clause (iv), with respect to all series.

    (d)            If the Trustee shall resign, be removed or become incapable of acting with respect to any series of Securities, or if a vacancy shall occur in the office of the Trustee with
        respect to any series of Securities for any cause, the Company, by Board Resolution, shall promptly appoint a successor Trustee for that series of Securities.

    If, within one year after such resignation, removal or incapacity, or the occurrence of such vacancy, a successor
      Trustee with respect to such series of Securities shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so
      appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee with respect to such series and supersede the successor Trustee appointed by the Company with respect to such series. If no successor Trustee with
      respect to such series shall have been so appointed by the Company or the Securityholders of such series and accepted appointment in the manner hereinafter provided, subject to Section 5.14, any Securityholder who has been a bona fide Holder of a
      Security of that series 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 such series.

    (e)            The Company shall give notice of each resignation and each removal of the Trustee with respect to any series and each appointment of a successor Trustee with respect to any
        series to the Holders of Securities of that series as their names appear in the Security Register.  Each notice shall include the name of the successor Trustee and the address of its principal Corporate Trust Office and shall be given in accordance
        with Section 1.06 hereof.

    SECTION 6.11                                        Acceptance of
            Appointment by Successor.  Every successor Trustee appointed hereunder shall execute, acknowledge and deliver to the Company and to the predecessor Trustee an instrument accepting such appointment, and thereupon the resignation or
        removal of the predecessor Trustee shall become effective with respect to any series as to which it is resigning or being removed as Trustee, and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the
        rights, powers, trusts and duties of the predecessor Trustee with respect to any such series; but, on request of the Company or the successor Trustee, such predecessor Trustee shall, upon payment of its reasonable charges, if any, execute and
        deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the predecessor Trustee, and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such predecessor trustee
        hereunder with respect to all or any such series, subject nevertheless to its lien, if any, provided for in Section 6.07. 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.

    
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    In case of the appointment hereunder of a successor Trustee with respect to the Securities of one
      or more (but not all) series, the Company, the predecessor Trustee and each successor Trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as
      shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not being succeeded shall continue to be
      vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that
      nothing herein or in such indenture supplemental hereto shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder
      administered by any other such Trustee.

    No successor Trustee with respect to any series of Securities shall accept its appointment unless
      at the time of such acceptance such successor Trustee shall be qualified and eligible with respect to that series under this Article.

    SECTION 6.12                                        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 of 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 successor Trustee had itself authenticated such Securities.

    SECTION 6.13                                        Preferential Collection of Claims Against
            Company.  The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship listed in Section 311(b) of the Trust Indenture Act.  A Trustee who has resigned or been removed shall be subject
        to Section 311(a) of the Trust Indenture Act to the extent indicated.

    
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    SECTION 6.14                                        Appointment of Authenticating Agent. 
        At any time when any of the Securities remain Outstanding, the Trustee, with the approval of the Company, may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on behalf of
        the Trustee to authenticate Securities of such series issued upon original issuance, exchange, registration of transfer or partial redemption thereof or pursuant to Section 3.06, and Securities so authenticated shall be entitled to the benefits of
        this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s
        certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating
        Agent.  Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any state thereof or the District of Columbia, authorized
        under such laws to act as an Authenticating Agent, having a combined capital and surplus of not less than $100,000,000 and, if other than the Company itself, subject to supervision or examination by federal or state authority.  If such
        Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating
        Agent 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 an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section,
        such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section.

    Any corporation into which an Authenticating Agent may be merged or converted or with which it
      may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating
      Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent.

    An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee
      and, if other than the Company, to the Company.  The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and, if other than the Company, to the Company.  Upon receiving
      such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee, with the approval of the Company, may appoint a
      successor Authenticating Agent which shall be acceptable to the Company and shall transmit, in accordance with Section 1.06 hereof, written notice of such appointment to all Holders of Securities of the series with respect to which such
      Authenticating Agent will serve, as their names appear in the Security Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder,
      with like effect as if originally named as an Authenticating Agent.  No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section.

    
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    The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation
      for its services under this Section.

    If an appointment with respect to one or more series is made pursuant to this Section, the
      Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form:

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

    , as Trustee,                          

    

    

    By:                                        , as Authenticating Agent

    By:                                        

        Authorized Signatory                                                      

    Dated:                                                      

    

    

    ARTICLE VII                                        

        

        

        Securityholders’ Lists and Reports by

        Trustee and Company

    SECTION 7.01                                        Company to
            Furnish Trustee Names and Addresses of Securityholders.

    The Company will furnish or cause to be furnished to the Trustee:

    (a)            semi-annually, not more than 15 days after December 15 and June 15 in each year in such form as the Trustee may reasonably require, a list of the names and addresses of the
        Holders of Securities of each series as of such December 15 and June 15, as applicable, and

    (b)            at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date
        not more than 15 days prior to the time such list is furnished;

    provided, however, that if and so long as the Trustee shall be the Security Registrar for Securities of a series, no
      such list need be furnished with respect to such series of Securities.

    SECTION 7.02                                        Preservation of Information; Communications to Securityholders.  The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of Securities contained in
        the most recent list furnished to the Trustee as provided in Section 7.01 and the names and addresses of Holders of Securities received by the Trustee in its capacity as Security Registrar, if so acting.  The Trustee may destroy any list furnished
        to it as provided in Section 7.01 upon receipt of a new list so furnished.

    (a)            If three or more Holders of Securities of any series (“applicants”)
        apply in writing to the Trustee, and furnish to the Trustee reasonable proof that each such applicant has owned a Security of such series for a period of at least six months preceding the date of such application, and such application states that
        the applicants desire to communicate with other Holders of Securities of such series or with the Holders of all Securities with respect to their rights under this Indenture or under such Securities and is accompanied by a copy of the form of proxy
        or other communication which such applicants propose to transmit, then the Trustee shall, within five Business Days after the receipt of such application, at its election, either:

    
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    (i)            afford such applicants access to the information preserved at the time by the Trustee in accordance with Section 7.02(a), or

    (ii)            inform such applicants as to the approximate number of Holders of Securities of such series or all Securities, as the case may be, whose names and addresses appear in the
        information preserved at the time by the Trustee in accordance with Section 7.02(a), and as to the approximate cost of transmittal to such Securityholders the form of proxy or other communication, if any, specified in such application.

    If the Trustee shall elect not to afford such applicants access to such information, the Trustee
      shall, upon the written request of such applicants, transmit to each Holder of a Security of such series or to all Securityholders, as the case may be, whose names and addresses appear in the information preserved at the time by the Trustee in
      accordance with Section 7.02(a), a copy of the form of proxy or other communication which is specified in such request, with reasonable promptness after a tender to the Trustee of the material to be transmitted and of payment, or provision for the
      payment, of the reasonable expenses of transmittal, unless, within five days after such tender, the Trustee shall transmit to such applicants and file with the Commission, together with a copy of the material to be transmitted, a written statement to
      the effect that, in the opinion of the Trustee, such transmittal would be contrary to the best interests of the Holders of Securities of such series or all Securityholders, as the case may be, or would be in violation of applicable law. Such written
      statement shall specify the basis of such opinion.  If the Commission, after opportunity for a hearing upon the objections specified in the written statement so filed, shall enter an order refusing to sustain any of such objections or if, after the
      entry of an order sustaining one or more of such objections, the Commission shall find, after notice and opportunity for hearing, that all the objections so sustained have been met and shall enter an order so declaring, the Trustee shall transmit
      copies of such material to all Securityholders of such series or all Securityholders, as the case may be, with reasonable promptness after the entry of such order and the renewal of such tender; otherwise the Trustee shall be relieved of any
      obligation or duty to such applicants respecting their application.

    (b)            Every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee shall be held accountable by
        reason of the disclosure of any such information as to the names and addresses of the Holders of Securities in accordance with Section 7.02(b), regardless of the source from which such information was derived, and that the Trustee shall not be held
        accountable by reason of transmitting any material pursuant to a request made under Section 7.02(b).

    SECTION 7.03                                        Reports by Trustee.                                                      Within 60 days after each anniversary of the date of this
        Indenture, the Trustee shall transmit, at the Company’s expense, to all Holders, as provided in Section 313(c) of the Trust Indenture Act, a brief report dated as of such anniversary date in accordance with and with respect to the matters required
        by Section 313(a) of the Trust Indenture Act.

    
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    (a)            The Trustee shall transmit, at the Company’s expense, to all Holders, as provided in Section 313(c) of the Trust Indenture Act, a brief report in accordance with and with
        respect to the matters required by Section 313(b) of the Trust Indenture Act.

    (b)            A copy of each such report shall, at the time of such transmission to Holders, be furnished to the Company and, in accordance with Section 313(d) of the Trust Indenture Act, be
        filed by the Trustee with each stock exchange upon which the Securities are listed, and also with the Commission.

    SECTION 7.04                                        Reports by Company.  The
        Company shall file with the Trustee, and transmit to Holders, such information, documents and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant to such
        Act; provided that any such information, documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the same is so required to be filed with
        the Commission. The Company also shall comply with the other provisions of Section 314(a) of the Trust Indenture Act.  Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt
        of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
        rely exclusively on Officer’s Certificates).

    ARTICLE VIII                                        

        

        

        Consolidation, Merger, Conveyance or Transfer

    SECTION 8.01                                        Consolidation, Merger, Conveyance or
            Transfer on Certain Terms.  Except as otherwise set forth in an indenture supplemental hereto or a Board Resolution creating such series of Securities or in the form of Security for such series, the Company shall not consolidate with
        or merge into any other Person or convey or transfer its properties and assets substantially as an entirety to any Person, unless:

    (a)            the Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer the properties and assets of the Company
        substantially as an entirety shall be organized and existing under the laws of the United States of America or any state thereof or the District of Columbia, and shall expressly assume, by an indenture supplemental hereto, executed and delivered to
        the Trustee, in form reasonably satisfactory to the Trustee, the due and punctual payment of the principal of (and premium, if any) and interest on all the Securities and the performance of every covenant of this Indenture (as supplemented from
        time to time) on the part of the Company to be performed or observed;

    
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    (b)            immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time, or both, would become an Event of Default, shall
        have happened and be continuing; and

    (c)            the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that such consolidation, merger, conveyance or transfer and such
        indenture supplemental hereto comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with.

    SECTION 8.02                                        Successor Person Substituted.  Upon any consolidation or
        merger, or any conveyance or transfer of the properties and assets of the Company substantially as an entirety in accordance with Section 8.01, the successor Person formed by such consolidation or into which the Company is merged or to which such
        conveyance or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had been named as the Company herein. In the event of any
        such conveyance or transfer, the Company as the predecessor shall be discharged from all obligations and covenants under this Indenture and the Securities and may be dissolved, wound up or liquidated at any time thereafter.

    ARTICLE IX                                        

        

        

        Supplemental Indentures

    SECTION 9.01                                        Supplemental Indentures Without Consent of Securityholders. 
        Except as otherwise set forth in an indenture supplemental hereto or Board Resolution creating  such series of Securities or in the form of security for such series, without the consent of the Holders of any Securities, the Company, when authorized
        by a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form reasonably satisfactory to the Trustee, for any of the following purposes:

    (a)            to evidence the succession of another corporation or Person to the Company, and the assumption by any such successor of the respective covenants of the Company herein and in the
        Securities contained;

    (b)            to add to the covenants of the Company, or to surrender any right or power herein conferred upon the Company, for the benefit of the Holders of the Securities of any or all
        series (and if such covenants or the surrender of such right or power are to be for the benefit of fewer than all series of Securities, stating that such covenants are expressly being included or such surrenders are expressly being made solely for
        the benefit of one or more specified series);

    (c)            to cure any ambiguity, mistake, omission or defect, to correct or supplement any provision herein which may be inconsistent with any other provision herein, or to make any other
        provisions with respect to matters or questions arising under this Indenture;

    (d)            to add to this Indenture such provisions as may be expressly permitted by the Trust Indenture Act, excluding, however, the provisions referred to in Section 316(a)(2) of the
        Trust Indenture Act as in effect at the date as of which this instrument was executed or any corresponding provision in any similar federal statute hereafter enacted;

    
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    (e)            to establish any form of Security, as provided in Article II, to provide for the issuance of any series of Securities as provided in Article III and to set forth the terms
        thereof, or to add to the rights of the Holders of the Securities of any series;

    (f)            to evidence and provide for the acceptance of appointment by another corporation as a successor Trustee hereunder with respect to one or more series of Securities and to add to
        or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to Section 6.11;

    (g)            to add any additional Events of Default in respect of the Securities of any or all series (and if such additional Events of Default are to be in respect of fewer than all series
        of Securities, stating that such Events of Default are expressly being included solely for the benefit of one or more specified series);

    (h)            to provide for uncertificated Securities in addition to or in place of certificated Securities and to provide for bearer Securities; provided that uncertificated Securities are
        issued in registered form for purposes of Section 163(f) of the Internal Revenue Code of 1986, as amended, or in a manner such that the uncertificated Securities are described in Section 163(f)(2)(B) of such Internal Revenue Code;

    (i)            to provide for the terms and conditions of conversion into Common Stock or other Marketable Securities of the Securities of any series which are
        convertible into Common Stock or other Marketable Securities, if different from those set forth in Article XII; or

    (j)            to secure the Securities of any series or add collateral to secure the Securities of any series;

    (k)            to add guarantors in respect of the Securities;

    (l)            to make any other change that does not adversely affect the rights of the Holders of any or all series of Securities;

    (m)            to conform this Indenture or a Security to the description thereof in the applicable prospectus supplement; or

    (n)            to make any change necessary to comply with any requirement of the Commission in connection with the qualification of this Indenture or any supplemental indenture under the
        Trust Indenture Act or to comply with the rules of any applicable securities depositary.

    No supplemental indenture for the purposes identified in Clauses (b), (e) or (g) above may be
      entered into if to do so would adversely affect the rights of the Holders of Outstanding Securities of any series in any material respect.

    SECTION 9.02                                        Supplemental
            Indentures with Consent of Securityholders.  Except as otherwise set forth in an indenture supplemental hereto or Board Resolution creating such series of Securities or in the form of security for such series, with the consent of the
        Holders of not less than a majority in principal amount of the Outstanding Securities of all series affected by such supplemental indenture or indentures (acting as one class), by Act of said Holders delivered to the Company and the Trustee (in
        accordance with Section 1.04 hereof), the Company, when authorized by a Board Resolution, and the Trustee may 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 modifying in any manner the rights of the Holders of the Securities of each such series under this Indenture; provided, however, that no such supplemental indenture shall, without the
        consent of the Holder of each Outstanding Security affected thereby:

    
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    (a)            change the Maturity of the principal of, any Interest Payment Date or any other date upon which any premium on, or any installment of interest on, any Security is due and
        payable, or reduce the principal amount thereof or the interest or any premium thereon, or change the method of computing the amount of principal thereof or interest thereon on any date or change any Place of Payment where, or the coin or currency
        in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Maturity or Interest Payment Date or such other date, as the case may be, thereof
        (or, in the case of redemption or repayment, on or after the Redemption Date or the Repayment Date, as the case may be), or alter the provisions of this Indenture so as to affect adversely the terms, if any, of conversion of any Securities into
        Common Stock or other securities; or

    (b)            reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture, or the
        consent of whose Holders is required for any waiver of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences, provided for in this Indenture; or

    (c)            modify any of the provisions of this Section 9.02 or Section 5.13, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be
        modified or waived without the consent of the Holder of each Outstanding Security affected thereby;

    (d)            [make any change in the terms of the subordination of the Securities in a manner adverse in any material respect to the Holders of any series of Outstanding Securities;]*
        or

    (e)            impair or adversely affect the right of any Holder to institute suit for the enforcement of any payment on, or with respect to, the Securities of any series on or after the
        Stated Maturity of such Securities (or in the case of redemption, on or after the Redemption Date).

    For purposes of this Section 9.02, if the Securities of any series are issuable upon the exercise
      of warrants or other rights, each holder of an unexercised and unexpired warrant or other right with respect to such series shall be deemed to be a Holder of Outstanding Securities of such series in the amount issuable upon the exercise of such
      warrant or other right.  For such purposes, the ownership of any such warrant or other right shall be determined by the Company in a manner consistent with customary commercial practices.  The Trustee for such series shall be entitled to rely on an
      Officer’s Certificate as to the principal amount of Securities of such series in respect of which consents shall have been executed by holders of such warrants or other rights.

    
      * Bracketed language will be inserted in the Indenture under which subordinated Securities will be issued.

    

    
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    A supplemental indenture which changes or eliminates any covenant or other provision of this
      Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be
      deemed not to affect the rights under this Indenture of Holders of Securities of any other series.

    It shall not be necessary for any Act of Securityholders 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.

    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 (subject to Section 6.01) 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 under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter
        authenticated and delivered hereunder shall be bound thereby to the extent provided therein.

    SECTION 9.05                                        Conformity with Trust Indenture Act.  Every supplemental
        indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect.

    SECTION 9.06                                        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 Board of Directors, to any such supplemental indenture may
        be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities.

    SECTION 9.07                                        Subordination Unimpaired.  [This Indenture may not be
        amended at any time to alter the subordination, as provided herein, of any of the Securities then Outstanding without the written consent of the requisite holders of each series of Senior Indebtedness (as determined in accordance with terms of the
        instrument governing such Senior Indebtedness) then outstanding that would be adversely affected thereby.]*

    

      * Bracketed language will be inserted in the Indenture under which subordinated Securities will be issued.

    

    
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    ARTICLE X                          

        

        

        Covenants

    SECTION 10.01                                        Payment of Principal, Premium and Interest.  With respect
        to each series of Securities, the Company will duly and punctually pay the principal of (and premium, if any) and interest on such Securities in accordance with their terms and this Indenture, and will duly comply with all the other terms,
        agreements and conditions contained in, or made in the Indenture for the benefit of, the Securities of such series.

    SECTION 10.02                                        Maintenance of Office or Agency.  The Company will maintain an office or agency in each Place of Payment where Securities may be presented or surrendered for payment, where Securities may be surrendered for
        registration of transfer or exchange, where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served and where any Securities with conversion privileges may be presented and surrendered for
        conversion.  The Company will give prompt written notice to the Trustee of the location, and of any change in the location, of such office or agency.  If at any time the Company shall fail to maintain such office or agency or shall fail to furnish
        the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee its agent to receive all such presentations,
        surrenders, notices and demands.

    Unless otherwise set forth in, or pursuant to, a Board Resolution or indenture supplemental
      hereto with respect to a series of Securities, the Company hereby initially designates as the Place of Payment for each series of Securities, the Borough of Manhattan, the City and State of New York, and initially appoints the Trustee at its
      Corporate Trust Office as the Company’s office or agency for each such purpose in such city.

    SECTION 10.03                                        Money for Security Payments to Be Held in Trust.  If the Company shall at any time act as its own Paying Agent for any series of
        Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on, any of the Securities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the
        principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure to act.

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

    
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    The Company will cause each Paying Agent other than the Trustee for any series of Securities 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:

    (a)            hold all sums held by it for the payment of principal of (and premium, if any) or interest on Securities of such series in trust for the benefit of the Persons entitled thereto
        until such sums shall be paid to such Persons or otherwise disposed of as herein provided;

    (b)            give the Trustee notice of any default by the Company (or any other obligor upon the Securities of such series) in the making of any such payment of principal (and premium, if
        any) or interest on the Securities of such series; and

    (c)            at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent.

    The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this
      Indenture with respect to any series of Securities or for any other purpose, 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 in respect of each and every series of
      Securities as to which it seeks to discharge this Indenture or, if for any other purpose, all sums so held in trust by the Company in respect of all Securities, 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.

    Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust
      for the payment of the principal of (and premium, if any) or interest on any Security of any series and remaining unclaimed for two years after such principal (and premium, if any) or interest has become due and payable shall be paid to the Company
      on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the
      Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease. The Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the
      Company transmit to the Holders of the Securities as to which the money to be repaid was held in trust, as their names appear in the Security Register, a notice that such moneys remain unclaimed and that, after a date specified in the notice, which
      shall not be less than 30 days from the date on which the notice was first transmitted to the Holders of the Securities as to which the money to be repaid was held in trust, any unclaimed balance of such moneys then remaining will be paid to the
      Company free of the trust formerly impressed upon it.

    
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    SECTION 10.04                                        Statement as
            to Compliance.  The Company will deliver to the Trustee, within 120 days after the end of each fiscal year, a written statement signed by the principal executive officer, principal financial officer or principal accounting officer of
        the Company stating that:

    (a)            a review of the activities of the Company during such year and of performance under this Indenture and under the terms of the Securities has been made under his or her
        supervision; and

    (b)            to the best of his or her knowledge, based on such review, the Company has fulfilled all its obligations under this Indenture and has complied with all conditions and covenants
        on its part contained in this Indenture through such year, or, if there has been a default in the fulfillment of any such obligation, covenant or condition, specifying each such default known to him or her and the nature and status thereof.

    For the purpose of this Section 10.04, default and compliance shall be determined without regard
      to any grace period or requirement of notice provided pursuant to the terms of this Indenture.

    SECTION 10.05                                        Legal
            Existence.  Subject to Article VIII, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its legal existence.

    SECTION 10.06                                        Waiver of Certain Covenants. 
        The Company may omit in respect of any series of Securities, in any particular instance, to comply with any covenant or condition set forth in Section 10.05 or set forth in a Board Resolution or indenture supplemental hereto with respect to the
        Securities of such series, unless otherwise specified in such Board Resolution or indenture supplemental hereto, if before or after the time for such compliance the Holders of not less than a majority in principal amount of the Outstanding
        Securities of all series affected by such waiver (voting as one class) shall, by Act of such Securityholders delivered to the Company and the Trustee (in accordance with Section 1.04 hereof), either waive such compliance in such instance or
        generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the
        Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect. Nothing in this Section 10.06 shall permit the waiver of compliance with any covenant or condition set forth in such Board
        Resolution or indenture supplemental hereto which, if in the form of an indenture supplemental hereto, would not be permitted by Section 9.02 without the consent of the Holder of each Outstanding Security affected thereby unless each such Holder
        has waived compliance therewith.

    ARTICLE XI                                        

        

        Redemption of Securities

    SECTION 11.01                                        Applicability of Article.  The Company may reserve the
        right to redeem and pay before Stated Maturity all or any part of the Securities of any series, either by optional redemption, sinking or purchase fund or analogous obligation or otherwise, by provision therefor in the form of Security for such
        series established and approved pursuant to Section 2.02 and on such terms as are specified in such form or in the Board Resolution or indenture supplemental hereto with respect to Securities of such series as provided in Section 3.01. Redemption
        of Securities of any series shall be made in accordance with the terms of such Securities and, to the extent that this Article does not conflict with such terms, the succeeding Sections of this Article.  Notwithstanding anything to the contrary in
        this Indenture, except in the case of redemption pursuant to a sinking fund, the Trustee shall not make any payment in connection with the redemption of Securities prior to the Redemption Date.

    
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    SECTION 11.02                                        Election to Redeem; Notice to Trustee. 
        The election of the Company to redeem any Securities redeemable at the election of the Company shall be evidenced by, or pursuant to authority granted by, a Board Resolution.  In case of any redemption at the election of the Company of fewer than
        all of the Securities of any series, the Company shall, at least 15 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be reasonably satisfactory to the Trustee), notify the Trustee of such Redemption Date and of
        the principal amount of Securities of such series to be redeemed.

    In the case of any redemption of Securities (i) prior to the expiration of any restriction on
      such redemption provided in the terms of such Securities or elsewhere in this Indenture, or (ii) pursuant to an election of the Company which is subject to a condition specified in the terms of such Securities, the Company shall furnish the Trustee
      with an Officer’s Certificate evidencing compliance with such restriction or condition.

    SECTION 11.03                                        Selection by Trustee of Securities to Be Redeemed.  If fewer than all the Securities of a series are to be redeemed, the particular Securities to be redeemed shall be selected not more than 15 days prior to the
        Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by lot or in accordance with the applicable procedures of the Depositary, which may include provision for the selection for
        redemption of portions of the principal of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular series of Securities, the
        portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding
        shall not be less than the minimum authorized denomination for Securities of such series.

    If any convertible Security selected for partial redemption is converted in part before the
      termination of the conversion right with respect to the portion of the Security so selected, the converted portion of such Security shall be deemed (so far as may be) to be the portion selected for redemption.

    Upon any redemption of fewer than all the Securities of a series, the Company and the Trustee may
      treat as Outstanding any Securities surrendered for conversion during the period of fifteen days next preceding the transmittal of a notice of redemption in accordance with Section 1.06, and need not treat as Outstanding any Security authenticated
      and delivered during such period in exchange for the unconverted portion of any Security converted in part during such period.

    
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    The Trustee shall promptly notify the Company in writing of the Securities selected for
      redemption and, in the case of any Security selected for partial redemption, the principal amount thereof to be redeemed.

    Securities shall be excluded from eligibility for selection for redemption if they are identified
      by registration and certificate number in a written statement signed by an authorized officer of the Company and delivered to the Trustee at least 15 days prior to the Redemption Date (unless a shorter period shall be reasonably satisfactory to the
      Trustee) as being owned of record and beneficially by, and not pledged or hypothecated by either, (a) the Company or (b) an entity specifically identified in such written statement as being an Affiliate of the Company.

    For all purposes of this Indenture, unless the context otherwise requires, all provisions
      relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal of such Security which has been or is to be redeemed.

    SECTION 11.04                                        Notice of
            Redemption.  Notice of redemption shall be transmitted not less than 15 (unless otherwise provided in the Board Resolution or indenture supplemental hereto establishing the relevant series) nor more than 60 days prior to the
        Redemption Date, to each Holder of Securities to be redeemed, as provided in Section 1.06.

    All notices of redemption shall and state:

    (a)            the Redemption Date;

    (b)            the Redemption Price;

    (c)            if fewer than all Outstanding Securities of any series are to be redeemed, the principal amount of Securities of such series to be redeemed;

    (d)            that on the Redemption Date the Redemption Price will become due and payable upon each such Security, and that interest, if any, thereon shall cease to accrue from and after
        said date;

    (e)            the place where such Securities are to be surrendered for payment of the Redemption Price, which shall be the office or agency of the Company in the Place of Payment;

    (f)            that the redemption is on account of a sinking or purchase fund, or other analogous obligation, if that be the case;

    (g)            if such Securities are convertible into Common Stock or other securities, the Conversion Price or other conversion price and the date on which the right to convert such
        Securities into Common Stock or other securities will terminate;

    
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    (h)            if applicable, that the redemption may be rescinded by the Company, at its sole option, pursuant to Section 11.09 of this Indenture upon the occurrence of a Redemption
        Rescission Event; and

    (i)            any conditions to the Company’s obligation to redeem such Securities.

    Notice of redemption of Securities to be redeemed at the election of the Company shall be given
      by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company; provided that if the Trustee is asked to give such notice it shall be given at least five (5) Business Days prior notice.

    Any notice of any redemption may, in the sole determination of the Company, be given prior to the
      completion of a transaction or event (including an equity offering, other offering, issuance of indebtedness, a change of control or other transaction or event) and any redemption notice (including the amount of Securities redeemed and conditions
      precedent applicable to different amounts of Securities redeemed) may, in the sole determination of the Company, be subject to one or more conditions precedent, including, but not limited to, completion of the related transaction or event. Any such
      redemption may be partial as a result of only some of the conditions being satisfied.

    If such redemption or notice is subject to satisfaction of one or more conditions precedent, such
      notice will state that, in the sole determination of the Company, the Redemption Date may be delayed until such time (including more than 60 days after the date the notice of redemption was transmitted) as any or all such conditions shall be
      satisfied (or waived by the Company in its sole determination), or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied (or waived by the Company in its sole
      determination) by the redemption date, or by the redemption date so delayed. In addition, the Company may provide in such notice that payment of the redemption price and performance of the obligations of the Company with respect to such redemption
      may be performed by another person.

    SECTION 11.05                                        Deposit of Redemption Price. 
        On or prior any Redemption Date and subject to Section 11.09, 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 Redemption Price of all the Securities which are to be redeemed on that date.  If any Security to be redeemed is converted into Common Stock or other securities, any money representing the Redemption Price of
        such Security so deposited with the Trustee or a Paying Agent shall be paid to the Company upon Company Request or, if then so segregated and held in trust by the Company, shall be discharged from such trust.

    SECTION 11.06                                        Securities Payable on Redemption Date. 
        Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, subject to Section 11.09 and to any condition set forth in the notice of redemption in accordance with Section 11.04, on the Redemption Date, become due
        and payable at the Redemption Price therein specified and from and after such date (unless the Company shall default in the payment of the Redemption Price) such Securities shall cease to bear interest and any rights to convert such Securities
        shall terminate.  Upon surrender of such Securities for redemption in accordance with the notice and subject to Section 11.09 and to any such condition, such Securities shall be paid by the Company at the Redemption Price.  Unless otherwise
        provided with respect to such Securities pursuant to Section 3.01, installments of interest that are due and payable on or prior to the Redemption Date shall be payable to the Holders of such Securities registered as such on the relevant Regular
        Record Dates according to their terms and the provisions of Section 3.07.

    
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    If any Security called for redemption shall not be so paid upon surrender thereof for redemption,
      the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Security, or as otherwise provided in such Security.

    SECTION 11.07                                        Securities
            Redeemed in Part.  Any Security which is to be redeemed only in part shall be surrendered at the office or agency of the Company in the Place of Payment with respect to that series (with, if the Company or the Trustee so requires,
        due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his or her attorney duly authorized in writing) and the Company shall execute and the Trustee shall
        authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and Stated Maturity and of like tenor and terms, of any authorized denomination as requested by such Holder in aggregate
        principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered.

    SECTION 11.08                                        Provisions with Respect to Any Sinking Funds.  Unless the form or terms of any series of Securities shall provide otherwise, in lieu of making all or any part of any mandatory sinking
        fund payment with respect to such series of Securities in cash, the Company may at its option (1) deliver to the Trustee for cancellation any Securities of such series theretofore acquired by the Company or converted by the Holder thereof into
        Common Stock or other securities, or (2) receive credit for any Securities of such series (not previously so credited) acquired by the Company (including by way of optional redemption (pursuant to the sinking fund or otherwise but not by way of
        mandatory sinking fund redemption) or converted by the Holder thereof into Common Stock or other securities and theretofore delivered to the Trustee for cancellation, and if it does so then (i) Securities so delivered or credited shall be credited
        at the applicable sinking fund Redemption Price with respect to Securities of such series, and (ii) on or before the 60th day next preceding each sinking fund Redemption Date with respect to such series of Securities, the Company will deliver to
        the Trustee (A) an Officer’s Certificate specifying the portions of such sinking fund payment to be satisfied by payment of cash and by delivery or credit of Securities of such series acquired by the Company or converted by the Holder thereof, and
        (B) such Securities, to the extent not previously surrendered. Such Officer’s Certificate shall also state the basis for such credit and that the Securities for which the Company elects to receive credit have not been previously so credited and
        were not acquired by the Company through operation of the mandatory sinking fund, if any, provided with respect to such Securities and shall also state that no Event of Default with respect to Securities of such series has occurred and is
        continuing.  All Securities so delivered to the Trustee shall be canceled by the Trustee and no Securities shall be authenticated in lieu thereof.

    
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    If the sinking fund payment or payments (mandatory or optional) with respect to any series of
      Securities made in cash plus any unused balance of any preceding sinking fund payments with respect to Securities of such series made in cash shall exceed $50,000 (or a lesser sum if the Company shall so request), unless otherwise provided by the
      terms of such series of Securities, that cash shall be applied by the Trustee on the sinking fund Redemption Date with respect to Securities of such series next following the date of such payment to the redemption of Securities of such series at the
      applicable sinking fund Redemption Price with respect to Securities of such series, together with accrued interest, if any, to the date fixed for redemption, with the effect provided in Section 11.06. The Trustee shall select, in the manner provided
      in Section 11.03, for redemption on such sinking fund Redemption Date a sufficient principal amount of Securities of such series to utilize that cash and shall thereupon cause notice of redemption of the Securities of such series for the sinking fund
      to be given in the manner provided in Section 11.04 (and with the effect provided in Section 11.06) for the redemption of Securities in part at the option of the Company.  Any sinking fund moneys not so applied or allocated by the Trustee to the
      redemption of Securities of such series shall be added to the next cash sinking fund payment with respect to Securities of such series received by the Trustee and, together with such payment, shall be applied in accordance with the provisions of this
      Section 11.08.  Any and all sinking fund moneys with respect to Securities of any series held by the Trustee at the Maturity of Securities of such series, and not held for the payment or redemption of particular Securities of such series, shall be
      applied by the Trustee, together with other moneys, if necessary, to be deposited sufficient for the purpose, to the payment of the principal of the Securities of such series at Maturity.

    On or before each sinking fund Redemption Date provided with respect to Securities of any series,
      the Company shall pay to the Trustee in cash a sum equal to all accrued interest, if any, to the date fixed for redemption on Securities to be redeemed on such sinking fund Redemption Date pursuant to this Section 11.08.

    SECTION 11.09                                        Rescission of Redemption.  In the event that this Section 11.09 is specified to be applicable to a series of Securities pursuant
        to Section 3.01 and a Redemption Rescission Event shall occur following any day on which a notice of redemption shall have been given pursuant to Section 11.04 hereof but at or prior to the time and date fixed for redemption as set forth in such
        notice of redemption, the Company may, at its sole option, at any time prior to the earlier of (i) the close of business on that day which is two Trading Days following such Redemption Rescission Event and (ii) the time and date fixed for
        redemption as set forth in such notice, rescind the redemption to which such notice of redemption relates by making a public announcement of such rescission (the date on which such public announcement is made, the “Rescission Date”). The Company shall be deemed to have made such announcement if it shall issue a release to the Dow Jones News Service, Reuters Information Services or any successor
        news wire service.  From and after the making of such announcement, the Company shall have no obligation to redeem Securities called for redemption pursuant to such notice of redemption or to pay the Redemption Price therefor and all rights of
        Holders of Securities shall be restored as if such notice of redemption had not been given.  As promptly as practicable following the making of such announcement, the Company shall telephonically notify the Trustee and the Paying Agent of such
        rescission.  The Company shall transmit notice of any such rescission as promptly as practicable but in no event later than the close of business on that day which is five Trading Days following the Rescission Date to each Holder of Securities at
        the close of business on the Rescission Date, to any other Person that was a Holder of Securities and that shall have surrendered Securities for conversion following the giving of notice of the subsequently rescinded redemption, in each case in
        accordance with Section 1.06, and to the Trustee and the Paying Agent in accordance with Section 1.05. Each notice of rescission shall (w) state that the redemption described in the notice of redemption has been rescinded, (x) state that any
        Converting Holder shall be entitled to rescind the conversion of Securities surrendered for conversion following the day on which notice of redemption was given but on or prior to the date of the transmittal of the Company’s notice of rescission,
        (y) be accompanied by a form prescribed by the Company to be used by any Converting Holder rescinding the conversion of Securities so surrendered for conversion (and instructions for the completion and delivery of such form, including instructions
        with respect to any payment that may be required to accompany such delivery) and (z) state that such form must be properly completed and received by the Company no later than the close of business on a date that shall be 15 Trading Days following
        the date of the transmittal of such notice of rescission.

    
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    ARTICLE XII                                        

        

        

        Conversion

    SECTION 12.01                                        Conversion Privilege.  In the
        event that this Article XII is specified to be applicable to a series of Securities pursuant to Section 3.01, the Holder of a Security of such series shall have the right, at such Holder’s option, to convert, in accordance with the terms of such
        series of Securities and this Article XII, all or any part (in a denomination of, unless otherwise specified in a Board Resolution or indenture supplemental hereto with respect to Securities of such series, $2,000 in principal amount or integral
        multiples of $1,000 in excess thereof) of such Security into shares of Common Stock or other Marketable Securities specified in such Board Resolution or any indenture supplement hereto at any time or, as to any Securities called for redemption, at
        any time prior to the time and date fixed for such redemption (unless the Company shall default in the payment of the Redemption Price, in which case such right shall not terminate at such time and date).

    SECTION 12.02                                        Conversion
            Procedure; Rescission of Conversion; Conversion Price; Fractional Shares.  Each Security to which this Article is applicable shall be convertible at the
        office of the Conversion Agent, and at such other place or places, if any, specified in a Board Resolution with respect to the Securities of such series, into fully paid and nonassessable shares (calculated to the nearest 1/100th of a share) of
        Common Stock or other Marketable Securities.  The Securities will be converted into shares of Common Stock or such other Marketable Securities at the Conversion Price therefor.  No payment or adjustment shall be made in respect of dividends on the
        Common Stock or such other Marketable Securities, or accrued interest on a converted Security except as described in Section 12.09.  The Company may, but shall not be required, in connection with any conversion of Securities, to issue a fraction of
        a share of Common Stock or of such other Marketable Security, and, if the Company shall determine not to issue any such fraction, the Company shall, subject to Section 12.03(d), make a cash payment (calculated to the nearest cent) equal to such
        fraction multiplied by the Closing Price of the Common Stock or such other Marketable Security on the last Trading Day prior to the date of conversion.

    (a)            Before any Holder of a Security shall be entitled to convert the same into Common Stock or other Marketable Securities, such Holder shall surrender such Security duly endorsed
        to the Company or in blank, at the office of the Conversion Agent or at such other place or places, if any, specified in a Board Resolution or indenture supplemental hereto with respect to the Securities of such series, and shall give written
        notice to the Company at said office or place that he elects to convert the same and shall state in writing therein the principal amount of Securities to be converted and the name or names (with addresses) in which he wishes the certificate or
        certificates for Common Stock or for such other Marketable Securities to be issued; provided, however, that no Security or portion thereof shall be accepted for conversion unless the principal amount of such Security or such portion, when added to
        the principal amount of all other Securities or portions thereof then being surrendered by the Holder thereof for conversion, exceeds the then effective Conversion Price with respect thereto. If more than one Security shall be surrendered for
        conversion at one time by the same Holder, the number of full shares of Common Stock or such other Marketable Securities which shall be deliverable upon conversion shall be computed on the basis of the aggregate principal amount of the Securities
        (or specified portions thereof to the extent permitted thereby) so surrendered.  Subject to the next succeeding sentence, the Company will, as soon as practicable thereafter, issue and deliver at said office or place to such Holder of a Security,
        or to his or her nominee or nominees, certificates for the number of full shares of Common Stock or other Marketable Security to which he shall be entitled as aforesaid, together, subject to the last sentence of paragraph (a) above, with cash in
        lieu of any fraction of a share to which he would otherwise be entitled.  The Company shall not be required to deliver certificates for shares of Common Stock or other Marketable Securities while the stock transfer books for such stock or the
        transfer books for such Marketable Securities, as the case may be, or the Security Register are duly closed for any purpose, but certificates for shares of Common Stock or other Marketable Securities shall be issued and delivered as soon as
        practicable after the opening of such books or Security Register.  A Security shall be deemed to have been converted as of the close of business on the date of the surrender of such Security for conversion as provided above, and the person or
        persons entitled to receive the Common Stock or other Marketable Securities issuable upon such conversion shall be treated for all purposes as the record Holder or Holders of such Common Stock or other Marketable Securities as of the close of
        business on such date.  In case any Security shall be surrendered for partial conversion, the Company shall execute and the Trustee shall authenticate and deliver to or upon the written order of the Holder of the Securities so surrendered, without
        charge to such Holder (subject to the provisions of Section 12.08), a new Security or Securities in authorized denominations in an aggregate principal amount equal to the unconverted portion of the surrendered Security.

    
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    (b)            Notwithstanding anything to the contrary contained herein, in the event the Company shall have rescinded a redemption of Securities pursuant to
        Section 11.09 hereof, any Holder of Securities that shall have surrendered Securities for conversion following the day on which notice of the subsequently rescinded redemption shall have been given but prior to the later of (1) the close of
        business on the Trading Day next succeeding the date on which public announcement of the rescission of such redemption shall have been made and (2) the date of the transmittal of the notice of rescission required by Section 11.09 hereof (a “Converting Holder”) may rescind the conversion of such Securities surrendered for conversion by (i) properly completing a form prescribed by the Company and
        transmitted to Holders of Securities (including Converting Holders) with the Company’s notice of rescission, which form shall provide for the certification by any Converting Holder rescinding a conversion on behalf of any beneficial owner (within
        the meaning of Rule 13d-3 under the Exchange Act) of Securities that the beneficial ownership (within the meaning of such Rule) of such Securities shall not have changed from the date on which such Securities were surrendered for conversion to the
        date of such certification and (ii) delivering such form to the Company no later than the close of business on that date which is 15 Trading Days following the date of the transmittal of the Company’s notice of rescission. The delivery of such form
        by a Converting Holder shall be accompanied by (x) any certificates representing shares of Common Stock or other securities issued to such Converting Holder upon a conversion of Securities that shall be rescinded by the proper delivery of such form
        (the “Surrendered Securities”), (y) any securities, evidences of indebtedness or assets (other than cash) distributed by the Company to such Converting
        Holder by reason of such Converting Holder being a record holder of Surrendered Securities and (z) payment in funds acceptable to the Company of an amount equal to the sum of (I) any cash such Converting Holder may have received in lieu of the
        issuance of fractional Surrendered Securities and (II) any cash paid or payable by the Company to such Converting Holder by reason of such Converting Holder being a record holder of Surrendered Securities. Upon receipt by the Company of any such
        form properly completed by a Converting Holder and any certificates, securities, evidences of indebtedness, assets or cash payments required to be returned by such Converting Holder to the Company as set forth above, the Company shall instruct the
        transfer agent or agents for shares of Common Stock or other securities to cancel any certificates representing Surrendered Securities (which Surrendered Securities shall be deposited in the treasury of the Company) and shall instruct the Registrar
        to reissue certificates representing Securities to such Converting Holder (which Securities shall be deemed to have been outstanding at all times during the period following their surrender for conversion). The Company shall, as promptly as
        practicable, and in no event more than five Trading Days following the receipt of any such properly completed form and any such certificates, securities, evidences of indebtedness, assets or cash payments required to be so returned, pay to the
        Holder of Securities surrendered to the Company pursuant to a rescinded conversion or as otherwise directed by such Holder any interest paid or other payment made to Holders of Securities during the period from the time such Securities shall have
        been surrendered for conversion to the rescission of such conversion. All questions as to the validity, form, eligibility (including time of receipt) and acceptance of any form submitted to the Company to rescind the conversion of Securities,
        including questions as to the proper completion or execution of any such form or any certification contained therein, shall be resolved by the Company, whose determination shall be final and binding.

     

      

     

      

    
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    SECTION 12.03                                        Adjustment of
            Conversion Price for Common Stock or Marketable Securities.  The Conversion Price with respect to any Security which is convertible into Common Stock or other Marketable Securities shall be adjusted from time to time as follows:

    (a)            In case the Company shall, at any time or from time to time while any of such Securities are outstanding, (i) pay a dividend in shares of its Common
        Stock or other Marketable Securities, (ii) combine its outstanding shares of Common Stock or other Marketable Securities into a smaller number of shares or securities, (iii) subdivide its outstanding shares of Common Stock or other Marketable
        Securities or (iv) issue by reclassification of its shares of Common Stock or other Marketable Securities any shares of stock or other Marketable Securities of the Company, then the Conversion Price in effect immediately before such action shall be
        adjusted so that the Holders of such Securities, upon conversion thereof into Common Stock or other Marketable Securities immediately following such event, shall be entitled to receive the kind and amount of shares of capital stock of the Company
        or other Marketable Securities which they would have owned or been entitled to receive upon or by reason of such event if such Securities had been converted immediately before the record date (or, if no record date, the effective date) for such
        event. An adjustment made pursuant to this Section 12.03(a) shall become effective retroactively immediately after the record date in the case of a dividend or distribution and shall become effective retroactively immediately after the effective
        date in the case of a subdivision, combination or reclassification.  For the purposes of this Section 12.03(a), each Holder of Securities shall be deemed to have failed to exercise any right to elect the kind or amount of securities receivable upon
        the payment of any such dividend, subdivision, combination or reclassification (provided that if the kind or amount of securities receivable upon such dividend, subdivision, combination or reclassification is not the same for each nonelecting
        share, then the kind and amount of securities or other property receivable upon such dividend, subdivision, combination or reclassification for each nonelecting share shall be deemed to be the kind and amount so receivable per share by a plurality
        of the nonelecting shares).

     

      

    
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    (b)            In case the Company shall, at any time or from time to time while any of such Securities are outstanding, issue rights or warrants to all holders of
        shares of its Common Stock or other Marketable Securities entitling them (for a period expiring within 45 days after the record date for such issuance) to subscribe for or purchase shares of Common Stock or other Marketable Securities (or
        securities convertible into shares of Common Stock or other Marketable Securities) at a price per share less than the Current Market Price of the Common Stock or other Marketable Securities at such record date (treating the price per share of the
        securities convertible into Common Stock or other Marketable Securities as equal to (x) the sum of (i) the price for a unit of the security convertible into Common Stock or other Marketable Securities plus (ii) any additional consideration
        initially payable upon the conversion of such security into Common Stock or other Marketable Securities divided by (y) the number of shares of Common Stock or other Marketable Securities initially underlying such convertible security), the
        Conversion Price with respect to such Securities shall be adjusted so that it shall equal the price determined by dividing the Conversion Price in effect immediately prior to the date of issuance of such rights or warrants by a fraction, the
        numerator of which shall be the number of shares of Common Stock or other Marketable Securities outstanding on the date of issuance of such rights or warrants plus the number of additional shares of Common Stock or other Marketable Securities
        offered for subscription or purchase (or into which the convertible securities so offered are initially convertible), and the denominator of which shall be the number of shares of Common Stock or other Marketable Securities outstanding on the date
        of issuance of such rights or warrants plus the number of shares or securities which the aggregate offering price of the total number of shares or securities so offered for subscription or purchase (or the aggregate purchase price of the
        convertible securities so offered plus the aggregate amount of any additional consideration initially payable upon conversion of such Securities into Common Stock or other Marketable Securities) would purchase at such Current Market Price of the
        Common Stock or other Marketable Securities. Such adjustment shall become effective retroactively immediately after the record date for the determination of stockholders entitled to receive such rights or warrants.

     

      

     

      

     

      

    
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    (c)            In case the Company shall, at any time or from time to time while any of such Securities are outstanding, distribute to all holders of shares of its
        Common Stock or other Marketable Securities (including any such distribution made in connection with a consolidation or merger in which the Company is the continuing corporation and the Common Stock or other Marketable Securities are not changed or
        exchanged) cash, evidences of its indebtedness, securities or assets (excluding (i) regular periodic cash dividends in amounts, if any, determined from time to time by the Board of Directors, (ii) in dividends payable in shares of Common Stock or
        other Marketable Securities for which adjustment is made under Section 12.03(a) or (iii) rights or warrants to subscribe for or purchase securities of the Company (excluding those referred to in Section 12.03(b)), then in each such case the
        Conversion Price with respect to such Securities shall be adjusted so that it shall equal the price determined by dividing the Conversion Price in effect immediately prior to the date of such distribution by a fraction, the numerator of which shall
        be the Current Market Price of the Common Stock or other Marketable Securities on the record date referred to below, and the denominator of which shall be such Current Market Price of the Common Stock or other Marketable Securities less the then
        fair market value (as determined by the Board of Directors, whose determination shall be conclusive) of the portion of the cash or assets or evidences of indebtedness or securities so distributed or of such subscription rights or warrants
        applicable to one share of Common Stock or one other Marketable Security (provided that such denominator shall never be less than 1.0); provided, however, that no adjustment shall be made with respect to any distribution of rights to purchase
        securities of the Company if a Holder of Securities would otherwise be entitled to receive such rights upon conversion at any time of such Securities into Common Stock or other Marketable Securities unless such rights are subsequently redeemed by
        the Company, in which case such redemption shall be treated for purposes of this Section as a dividend on the Common Stock or other Marketable Securities. Such adjustment shall become effective retroactively immediately after the record date for
        the determination of stockholders or holders of Marketable Securities entitled to receive such distribution; and in the event that such distribution is not so made, the Conversion Price shall again be adjusted to the Conversion Price which would
        then be in effect if such record date had not been fixed.

    (d)            The Company shall be entitled to make such additional adjustments in the Conversion Price, in addition to those required by Sections 12.03(a),
        12.03(b) and 12.03(c), as shall be necessary in order that any dividend or distribution of Common Stock or other Marketable Securities, any subdivision, reclassification or combination of shares of Common Stock or other Marketable Securities or any
        issuance of rights or warrants referred to above shall not be taxable to the holders of Common Stock or other Marketable Securities for United States federal income tax purposes.

    (e)            In any case in which this Section 12.03 shall require that any adjustment be made effective as of or retroactively immediately following a record
        date, the Company may elect to defer (but only for five (5) Trading Days following the filing of the certificate referred to in Section 12.05) issuing to the Holder of any Securities converted after such record date the shares of Common Stock and
        other capital stock of the Company or other Marketable Securities issuable upon such conversion over and above the shares of Common Stock and other capital stock of the Company or other Marketable Securities issuable upon such conversion on the
        basis of the Conversion Price prior to adjustment; provided, however, that the Company shall deliver to such Holder a due bill or other appropriate instrument evidencing such Holder’s right to receive such additional shares upon the occurrence of
        the event requiring such adjustment.

     

      

    
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    (f)            All calculations under this Section 12.03 shall be made to the nearest cent or one-hundredth of a share or security, with one-half cent and 0.005 of a share, respectively, being
        rounded upward.  Notwithstanding any other provision of this Section 12.03, the Company shall not be required to make any adjustment of the Conversion Price unless such adjustment would require an increase or decrease of at least 1% of such price. 
        Any lesser adjustment shall be carried forward and shall be made at the time of and together with the next subsequent adjustment which, together with any adjustment or adjustments so carried forward, shall amount to an increase or decrease of at
        least 1% in such price.  Any adjustments under this Section 12.03 shall be made successively whenever an event requiring such an adjustment occurs.

    (g)            In the event that at any time, as a result of an adjustment made pursuant to this Section 12.03, the Holder of any Security thereafter surrendered for conversion shall become
        entitled to receive any shares of stock of or other Marketable Securities of the Company other than shares of Common Stock or Marketable Securities into which the Securities originally were convertible, the Conversion Price of such other shares or
        Marketable Securities so receivable upon conversion of any such Security shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to Common Stock and Marketable
        Securities contained in subparagraphs (a) through (f) of this Section 12.03, and the provision of Sections 12.01, 12.02 and 12.04 through 12.09 with respect to the Common Stock or other Marketable Securities shall apply on like or similar terms to
        any such other shares or Marketable Securities and the determination of the Board of Directors as to any such adjustment shall be conclusive.

    (h)            No adjustment shall be made pursuant to this Section 12.03 (i) if the effect thereof would be to reduce the Conversion Price below the par value (if any) of the Common Stock or
        other Marketable Security, if any, or (ii) subject to Section 12.03(e) hereof, with respect to any Security that is converted prior to the time such adjustment otherwise would be made.

    SECTION 12.04                                        Consolidation
            or Merger of the Company.  In case of either (a) any consolidation or merger to which the Company is a party, other than a merger or consolidation in which the Company is the surviving or continuing corporation and which does not
        result in a reclassification of, or change (other than a change in par value or from par value to no par value or from no par value to par value, as a result of a subdivision or combination) in, outstanding shares of Common Stock or other
        Marketable Securities or (b) any sale or conveyance of all or substantially all of the property and assets of the Company to another Person, then each Security then Outstanding shall be convertible from and after such merger, consolidation, sale or
        conveyance of property and assets into the kind and amount of shares of stock or other securities and property (including cash) receivable upon such consolidation, merger, sale or conveyance by a holder of the number of shares of Common Stock or
        other Marketable Securities into which such Securities would have been converted immediately prior to such consolidation, merger, sale or conveyance, subject to adjustments which shall be as nearly equivalent as may be practicable to the
        adjustments provided for in this Article XII (and assuming such holder of Common Stock or other Marketable Securities failed to exercise his or her rights of election, if any, as to the kind or amount of securities, cash or other property
        (including cash) receivable upon such consolidation, merger, sale or conveyance (provided that, if the kind or amount of securities, cash or other property (including cash) receivable upon such consolidation, merger, sale or conveyance is not the
        same for each nonelecting share, then the kind and amount of securities, cash or other property (including cash) receivable upon such consolidation, merger, sale or conveyance for each nonelecting share, shall be deemed to be the kind and amount so
        receivable per share by a plurality of the nonelecting shares or securities)). The Company shall not enter into any of the transactions referred to in Clause (a) or (b) of the preceding sentence unless effective provision shall be made so as to
        give effect to the provisions set forth in this Section 12.04.  The provisions of this Section 12.04 shall apply similarly to successive consolidations, mergers, sales or conveyances.

    
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    SECTION 12.05                                        Notice of Adjustment. 
        Whenever an adjustment in the Conversion Price with respect to a series of Securities is required:

    (a)            the Company shall forthwith place on file with the Trustee and any Conversion Agent for such Securities a certificate of a Responsible Officer of the Company, stating the
        adjusted Conversion Price determined as provided herein and setting forth in reasonable detail such facts as shall be necessary to show the reason for and the manner of computing such adjustment, such certificate to be conclusive evidence that the
        adjustment is correct; and

    (b)            a notice stating that the Conversion Price has been adjusted and setting forth the adjusted Conversion Price shall forthwith be transmitted by the Company to the Holders of
        record of such Outstanding Securities in accordance with Section 1.06.

    SECTION 12.06                                        Notice in Certain Events.  In case:

    (a)            of a consolidation or merger to which the Company is a party and for which approval of any stockholders of the Company is required, or of the sale or conveyance to another
        person or entity or group of persons or entities acting in concert as a partnership, limited partnership, syndicate or other group (within the meaning of Rule 13d-3 under the Exchange Act) of all or substantially all of the property and assets of
        the Company; or

    (b)            of the voluntary or involuntary dissolution, liquidation or winding up of the Company; or

    (c)            of any action triggering an adjustment of the Conversion Price pursuant to this Article XII;

    then, in each case, the Company shall cause to be filed with the Trustee and the Agent for the applicable
      Securities, and shall cause to be transmitted to the Holders of record of applicable Securities in accordance with Section 1.06, at least 15 days prior to the applicable date hereinafter specified, a notice stating (x) the date on which a record is
      to be taken for the purpose of any distribution or grant of rights or warrants triggering an adjustment to the Conversion Price pursuant to this Article XII, or, if a record is not to be taken, the date as of which the holders of record of Common
      Stock or other Marketable Securities entitled to such distribution, rights or warrants are to be determined, or (y) the date on which any reclassification, consolidation, merger, sale, conveyance, dissolution, liquidation or winding up triggering an
      adjustment to the Conversion Price pursuant to this Article XII is expected to become effective, and the date as of which it is expected that holders of Common Stock or other Marketable Securities of record shall be entitled to exchange their Common
      Stock or other Marketable Securities for securities or other property deliverable upon such reclassification, consolidation, merger, sale, conveyance, dissolution, liquidation or winding up.

    
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    Failure to give such notice or any defect therein shall not affect the legality or validity of
      the proceedings described in Clause (a), (b) or (c) of this Section.

    SECTION 12.07                                        Company to Reserve Stock or other Marketable Securities;
            Registration; Listing.  The Company shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued shares of
        Common Stock or other Marketable Securities, for the purpose of effecting the conversion of the Securities, such number of its duly authorized shares of Common Stock or number or principal amount of other Marketable Securities as shall from time to
        time be sufficient to effect the conversion of all applicable outstanding Securities into such Common Stock or other Marketable Securities at any time (assuming that, at the time of the computation of such number of shares or securities, all such
        Securities would be held by a single Holder); provided, however, that nothing contained herein shall preclude the Company from satisfying its obligations in respect of the conversion of the Securities by delivery of purchased shares of Common Stock
        or other Marketable Securities which are held in the treasury of the Company. The Company shall from time to time, in accordance with the laws of the State of Delaware, use its commercially reasonable efforts to cause the authorized amount of the
        Common Stock or other Marketable Securities to be increased if the aggregate of the authorized amount of the Common Stock or other Marketable Securities remaining unissued and the issued shares of such Common Stock or other Marketable Securities in
        its treasury (other than any such shares reserved for issuance in any other connection) shall not be sufficient to permit the conversion of all Securities.

    (a)            If any shares of Common Stock or other Marketable Securities which would be issuable upon conversion of Securities hereunder require registration with or approval of any
        governmental authority before such shares or securities may be issued upon such conversion, the Company will in good faith and as expeditiously as possible endeavor to cause such shares or securities to be duly registered or approved, as the case
        may be.  The Company will endeavor to list the shares of Common Stock or other Marketable Securities required to be delivered upon conversion of the Securities prior to such delivery upon the principal national securities exchange upon which the
        outstanding Common Stock or other Marketable Securities is listed at the time of such delivery.

    SECTION 12.08                                        Taxes on Conversion.  The
        Company shall pay any and all documentary, stamp or similar issue or transfer taxes that may be payable in respect of the issue or delivery of shares of Common Stock or other Marketable Securities on conversion of Securities pursuant hereto.  The
        Company shall not, however, be required to pay any such tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock or other Marketable Securities or the portion, if any, of the Securities which
        are not so converted in a name other than that in which the Securities so converted were registered, and no such issue or delivery shall be made unless and until the person requesting such issue has paid to the Company the amount of such tax or has
        established to the satisfaction of the Company that such tax has been paid.

    
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    SECTION 12.09                                        Conversion After Record Date.  If any Securities are surrendered for conversion subsequent to the record date preceding an Interest Payment Date but on or prior to such Interest Payment Date (except Securities called
        for redemption on a Redemption Date between such record date and Interest Payment Date), the Holder of such Securities at the close of business on such record date shall be entitled to receive the interest payable on such securities on such
        Interest Payment Date notwithstanding the conversion thereof.  Securities surrendered for conversion during the period from the close of business on any record date next preceding any Interest Payment Date to the opening of business on such
        Interest Payment Date shall (except in the case of Securities which have been called for redemption on a Redemption Date within such period) be accompanied by payment in funds acceptable to the Company of an amount equal to the interest payable on
        such Interest Payment Date on the Securities being surrendered for conversion. Except as provided in this Section 12.09, no adjustments in respect of payments of interest on Securities surrendered for conversion or any dividends or distributions or
        interest on the Common Stock or other Marketable Securities issued upon conversion shall be made upon the conversion of any Securities.

    SECTION 12.10                                        Corporate Action Regarding Par Value of Common Stock. 
        Before taking any action which would cause an adjustment reducing the applicable Conversion Price below the then par value (if any) of the shares of Common Stock or other Marketable Securities deliverable upon conversion of the Securities, the
        Company will take any corporate action which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and nonassessable shares of Common Stock or other Marketable Securities at such
        adjusted Conversion Price.

    SECTION 12.11                                        Company Determination Final.  Any determination that the
        Company or the Board of Directors must make pursuant to this Article is conclusive.

    SECTION 12.12                                        Trustee’s Disclaimer.  The Trustee has no duty to
        determine when an adjustment under this Article should be made, how it should be made or what it should be.  The Trustee makes no representation as to the validity or value of any securities or assets issued upon conversion of Securities.  The
        Trustee shall not be responsible for the Company’s failure to comply with this Article.  Each Conversion Agent other than the Company shall have the same protection under this Section as the Trustee.

    ARTICLE XIII                                        

        

        

        [Subordination of Securities]*

    SECTION 13.01                                        Agreement of Subordination.  [The Company covenants and
        agrees, and each Holder of Securities issued hereunder by his acceptance thereof likewise covenants and agrees, that all Securities shall be issued subject to the provisions of this Article XIII; and each Securityholder, whether upon original issue
        or upon transfer or assignment thereof, accepts and agrees to be bound by such provisions. The payment of the principal of, premium, if any, and interest on all Securities issued hereunder shall, to the extent and in the manner hereinafter set
        forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness, whether outstanding at the date of this Indenture or thereafter incurred. The provisions of this Article XIII define the subordination
        of the Securities, as obligations of the Company, with respect to Senior Indebtedness of the Company, as defined for the Company. No provision of this Article XIII shall prevent the occurrence of any default or Event of Default hereunder.]

    

      * Article XIII will be inserted in the Indenture under which subordinated Securities will be issued.

    

    
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    SECTION 13.02                                        Payments to Securityholders. 
        [In the event and during the continuation of any default in the payment of principal, premium, interest or any other payment due on any Senior Indebtedness of the Company continuing beyond the period of grace, if any, specified in the instrument or
        lease evidencing such Senior Indebtedness of the Company, then, unless and until such default shall have been cured or waived or shall have ceased to exist, no payment shall be made by the Company with respect to the principal of, or premium, if
        any, or interest on the Securities, except sinking fund payments made by the acquisition of Securities under Section 11.08 prior to the happening of such default and payments made pursuant to Article IV hereof from monies deposited with the Trustee
        pursuant thereto prior to the happening of such default.

    Upon any payment by the Company, or distribution of assets of the Company of any kind or
      character, whether in cash, property or securities, to creditors upon any dissolution or winding-up or liquidation or reorganization of the Company, whether voluntary or involuntary or in bankruptcy, insolvency, receivership or other proceedings, all
      amounts due or to become due upon all Senior Indebtedness of the Company shall first be paid in full, or payment thereof provided for in money in accordance with its terms, before any payment is made on account of the principal (and premium, if any)
      or interest on the Securities (except sinking fund payments made by the acquisition of Securities under Section 11.08 and payments made pursuant to Article IV hereof from monies deposited with the Trustee pursuant thereto, in each case, prior to the
      happening of such dissolution, winding-up, liquidation or reorganization); and upon any such dissolution or winding-up or liquidation or reorganization any payment by the Company, or distribution of assets of the Company of and kind or character,
      whether in cash, property or securities, to which the Holders of the Securities or the Trustee would be entitled, except for the provisions of this Article XIII, shall (except as aforesaid) be paid by the Company or by any receiver, trustee in
      bankruptcy, liquidating trustee, agent or other Person making such payment or distribution, or by the Holders of the Securities or by the Trustee under this Indenture if received by them or it, directly to the holders of Senior Indebtedness of the
      Company (pro rata to such holders on the basis of the respective amounts of Senior Indebtedness of the Company held by such holders, as calculated by the Company) or their representative or representatives, or to the trustee or trustees under any
      indenture pursuant to which any instruments evidencing any Senior Indebtedness of the Company may have been issued, as their respective interests may appear, to the extent necessary to pay all Senior Indebtedness of the Company in full, in money or
      money’s worth, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness of the Company, before any payment or distribution is made to the Holders of the Securities or to the Trustee.

    
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    In the event that, notwithstanding the foregoing, any payment or distribution of assets of the
      Company of any kind or character, whether in cash, property or securities, prohibited by the foregoing, shall be received by the Trustee or the Holders of the Securities before all Senior Indebtedness of the Company is paid in full, or provision is
      made for such payment in money in accordance with its terms, such payment or distribution shall be held in trust for the benefit of and shall be paid over or delivered to the holders of Senior Indebtedness of the Company or their representative or
      representatives, or to the trustee or trustees under any indenture pursuant to which any instruments evidencing any Senior Indebtedness of the Company may have been issued, as their respective interests may appear, as calculated by the Company, for
      application to the payment of all Senior Indebtedness of the Company remaining unpaid to the extent necessary to pay all Senior Indebtedness of the Company in full in money in accordance with its terms, after giving effect to any concurrent payment
      or distribution to or for the holders of such Senior Indebtedness.

    For purposes of this Article XIII, the words, “cash, property or securities” shall not be deemed
      to include shares of stock of the Company as reorganized or readjusted, or securities of the Company or any other corporation provided for by a plan of reorganization or readjustment, the payment of which is subordinated at least to the extent
      provided in this Article XIII with respect to the Securities to the payment of all Senior Indebtedness of the Company that may at the time be outstanding; provided that (i) the Senior Indebtedness of the Company is assumed by the new corporation, if
      any, resulting from any such reorganization or readjustment, and (ii) the rights of the holders of the Senior Indebtedness of the Company (other than leases) and of leases which are assumed are not, without the consent of such holders, altered by
      such reorganization or readjustment. The consolidation of the Company with, or the merger of the Company into, another corporation or the liquidation or dissolution of the Company following the conveyance or transfer of its property as an entirety,
      or substantially as an entirety, to another corporation upon the terms and conditions provided for in Article VIII hereof shall not be deemed a dissolution, winding-up, liquidation or reorganization for the purposes of this Section 13.02 if such
      other corporation shall, as a part of such consolidation, merger, conveyance or transfer, comply with the conditions stated in Article VIII hereof. Nothing in this Section 13.02 shall apply to claims of, or payments to, the Trustee under or pursuant
      to Section 6.07.]

    SECTION 13.03                                        Subrogation of Securities.  [Subject to the payment in
        full of all Senior Indebtedness of the Company, the rights of the Holders of the Securities shall be subrogated to the rights of the holders of Senior Indebtedness of the Company to receive payments or distributions of cash, property or securities
        of the Company applicable to the Senior Indebtedness of the Company until the principal of (and premium, if any) and interest on the Securities shall be paid in full; and, for the purposes of such subrogation, no payments or distributions to the
        holders of the Senior Indebtedness of the Company of any cash, property or securities to which the Holders of the Securities or the Trustee would be entitled except for the provisions of this Article XIII no payment over pursuant to the provisions
        of this Article XIII, to or for the benefit of the holders of Senior Indebtedness of the Company by holders of the Securities or the Trustee, shall, as between the Company, its creditors other than holders of Senior Indebtedness of the Company, and
        the Holders of the Securities, be deemed to be a payment by the Company to or on account of the Senior Indebtedness of the Company. It is understood that the provisions of this Article XIII are and are intended solely for the purpose of defining
        the relative rights of the Holders of the Securities, on the one hand, and the holders of the Senior Indebtedness of the Company, on the other hand.

    
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    Nothing contained in this Article XIII or elsewhere in this Indenture or in the Securities is
      intended to or shall impair, as among the Company, its creditors other than the holders of its Senior Indebtedness, and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the
      Securities the principal of (and premium, if any) and interest on the Securities as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders of the Securities
      and creditors of the Company other than the holders of its Senior Indebtedness, nor shall anything herein or therein prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default
      under this Indenture, subject to the rights, if any, under this Article XIII of the holders of Senior Indebtedness of the Company in respect of cash, property or securities of the Company received upon the exercise of any such remedy.

    Upon any payment or distribution of assets of the Company referred to in this Article XIII, the
      Trustee, subject to the provisions of Section 6.01, and the Holders of the Securities shall be entitled to rely upon any order or decree made by any court of competent jurisdiction in which such dissolution, winding-up, liquidation or reorganization
      proceedings are pending, or a certificate of the receiver, trustee in bankruptcy, liquidating trustee, agent or other Person making such payment or distribution, delivered to the Trustee or to the Holders of the Securities, for the purpose of
      ascertaining the Persons entitled to participate in such distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all
      other facts pertinent thereto or to this Article XIII.]

    SECTION 13.04                                        Authorization by Securityholders.  [Each Holder of a
        Security by his or her acceptance thereof authorizes and directs the Trustee on his or her behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article XIII appoints the Trustee his or her
        attorney-in-fact for any and all such purposes.]

    SECTION 13.05                                        Notice to Trustee.  [The
        Company shall give prompt written notice to a Responsible Officer of the Trustee of any fact known to the Company that would prohibit the making of any payment of monies to or by the Trustee in respect of the Securities pursuant to the provisions
        of this Article XIII. Notwithstanding the provisions of this Article XIII or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts that would prohibit the making of any payment of
        monies to or by the Trustee in respect of the Securities pursuant to the provisions of this Article XIII, unless and until a Responsible Officer of the Trustee shall have received written notice thereof from the Company or a holder or holders of
        Senior Indebtedness or from any trustee therefor; and before the receipt of any such written notice, the Trustee, subject to the provisions of Section 6.01, shall be entitled in all respects to assume that no such facts exist; provided that if on a
        date not fewer than three Business Days prior to the date upon which by the terms hereof any such monies may become payable for any purpose (including, without limitation, the payment of the principal of (or premium, if any) or interest on any
        Security) the Trustee shall not have received, with respect to such monies, the notice provided for in this Section 13.05, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive
        such monies and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary, which may be received by it on or after such prior date.

    
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    Notwithstanding anything to the contrary hereinbefore set forth, nothing shall prevent any
      payment by the Company or the Trustee to the Securityholders of monies in connection with a redemption of Securities if (i) notice of such redemption has been given pursuant to Article XI or Section 4.01 hereof prior to the receipt by the Trustee of
      written notice as aforesaid, and (ii) such notice of redemption is given not earlier than 60 days before the Redemption Date.

    The Trustee conclusively shall be entitled to rely on the delivery to it of a written notice by a
      Person representing himself to be a holder of Senior Indebtedness of the Company (or a trustee on behalf of such holder) to establish that such notice has been given by a holder of Senior Indebtedness of the Company or a trustee on behalf of any such
      holder or holders. In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness of the Company to participate in any payment or distribution
      pursuant to this Article XIII, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness of the Company held by such Person, the extent to which such Person is
      entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article XIII, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial
      determination as to the right of such Person to receive such payment.]

    SECTION 13.06                                        Trustee’s Relation to Senior Indebtedness. 
        [The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XIII in respect of any Senior Indebtedness of the Company at any time held by it, to the same extent as any other holder of Senior Indebtedness of
        the Company and nothing elsewhere in this Indenture shall deprive the Trustee of any of its rights as such holder.

    With respect to the holders of Senior Indebtedness of the Company, the Trustee undertakes to
      perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XIII, and no implied covenants or obligations with respect to the holders of Senior Indebtedness of the Company shall be read into this
      Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness of the Company and the Trustee shall not be liable to any holder of Senior Indebtedness of the Company if it shall pay over
      or deliver to Holders of Securities, the Company or any other Person money or assets to which any holder of Senior Indebtedness of the Company shall be entitled by virtue of this Article XIII or otherwise.]

    SECTION 13.07                                        No Impairment of Subordination.  [No right of any present
        or future holder of any Senior Indebtedness to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith,
        by any such holder, or by any noncompliance by the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with.]

    SECTION 13.08                                        Rights of Trustee.  [Nothing
        in this Article XIII shall apply to claims of or payments to the Trustee pursuant to Section 5.06 or 6.07.]

    
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    SECTION 13.09                                        Article XIII Applicable to Paying Agents.  [The term
        “Trustee” as used in this Article XIII, shall (unless the context otherwise requires) be construed as extending to and including the Paying Agent within its meaning as fully for all intents and purposes as if the Paying Agent were named in this
        Article XIII in addition to the Trustee; provided, however, that Sections 13.06 and 13.08 shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts as Paying Agent.]

    

    

    

    

    

    

    

    

    

    

    

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

     

    

    
      	 	 	 
	
              TRANSACT TECHNOLOGIES INCORPORATED

            
	 	 
	
              By:

            	
               

            	
              

              

            
	 	
               

            	
              Name:

              

            
	 	
               

            	
              Title:

            

    

    
      	
              

              

            	
              , as Trustee

              

            

    

    

    
      	
              By:

            	
               

            	
              

              

            
	 	
               

            	
              Name:

              

            
	 	
               

            	
              Title:

            

    

  

  
     

    

     

    

     

    

     

    

    

      

      

      

      

      

      [Signature Page to Indenture]

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