Document:

EX-4.1

 Exhibit 4.1 
  

 
  

BARCLAYS PLC, 
 Issuer 

TO 
 THE BANK OF NEW YORK MELLON,
LONDON BRANCH 
 Trustee 
  

 
 SENIOR DEBT
SECURITIES INDENTURE 
 Dated as of January 17, 2018 
  

 
  

 BARCLAYS PLC 

Reconciliation and tie between Trust Indenture Act of 1939, as amended, and Senior Debt Securities Indenture, dated as of January 17, 2018. 

 

					
	 Trust Indenture

Act Section
	  	Senior
Debt Securities
Indenture Section
	 §310
	 	(a)(1)	  	6.09
		 	(a)(2)	  	6.09
		 	(a)(3)	  	Not Applicable
		 	(a)(4)	  	Not Applicable
		 	(b)	  	6.08
 6.10

	 §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(a)
		 	(c)	  	1.06,7.03(a)
		 	(d)	  	7.03(b)
	 §314
	 	(a)	  	7.04
		 	(b)	  	Not Applicable
		 	(c)(1)	  	1.02
		 	(c)(2)	  	1.02
		 	(c)(3)	  	Not Applicable
		 	(d)	  	Not Applicable
		 	(e)	  	1.02
		 	(f)	  	Not Applicable
	 §315
	 	(a)	  	6.01, 6.03
		 	(b)	  	6.02
		 	(c)	  	5.04, 6.01
		 	(d)(1)	  	6.01, 6.03
		 	(d)(2)	  	6.01, 6.03
		 	(e)	  	5.14
	 §316
	 	(a)(1)(A)	  	5.02, 5.12
		 	(a)(1)(B)	  	5.13
		 	(a)(2)	  	Not Applicable
		 	(a)(last sentence)	  	1.01
		 	(b)	  	5.08
	 §317
	 	(a)(1)	  	5.03
		 	(a)(2)	  	5.04

  
 -i- 

					
	 Trust Indenture

Act Section
	  	Senior
Debt Securities
Indenture Section
		 	(b)	  	10.03
	 §318
	 	(a)	  	1.07

 NOTE: This reconciliation and tie shall not, for any purpose, be deemed to be a part of this Senior Debt Securities Indenture.

  
 -ii- 

 TABLE OF CONTENTS 

 

							
	ARTICLE 1	  	 	 
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	 	 
			
	 Section 1.01
	  	Definitions	  	 	1	 
	 Section 1.02
	  	Compliance Certificates and Opinions	  	 	9	 
	 Section 1.03
	  	Form of Documents Delivered to Trustee	  	 	9	 
	 Section 1.04
	  	Acts of Holders	  	 	10	 
	 Section 1.05
	  	Notices, etc. to Trustee and Company	  	 	11	 
	 Section 1.06
	  	Notice to Holders; Waiver	  	 	12	 
	 Section 1.07
	  	Conflict with Trust Indenture Act	  	 	12	 
	 Section 1.08
	  	Effect of Headings and Table of Contents	  	 	13	 
	 Section 1.09
	  	Successors and Assigns	  	 	13	 
	 Section 1.10
	  	Separability Clause	  	 	13	 
	 Section 1.11
	  	Benefits of Senior Debt Securities Indenture	  	 	13	 
	 Section 1.12
	  	Governing Law	  	 	13	 
	 Section 1.13
	  	Saturdays, Sundays and Legal Holidays	  	 	14	 
	 Section 1.14
	  	Appointment of Agent for Service	  	 	14	 
	 Section 1.15
	  	Calculation Agent	  	 	14	 
	 Section 1.16
	  	Waiver of Jury Trial	  	 	15	 
	 Section 1.17
	  	Force Majeure	  	 	15	 
		
	ARTICLE 2	  	 	 
	SENIOR DEBT SECURITY FORMS	  	 	 
			
	 Section 2.01
	  	Forms Generally	  	 	15	 
	 Section 2.02
	  	Form of Trustee’s Certificate of Authentication	  	 	16	 
		
	ARTICLE 3	  	 	 
	THE SENIOR DEBT SECURITIES	  	 	 
			
	 Section 3.01
	  	Amount Unlimited; Issuable in Series	  	 	16	 
	 Section 3.02
	  	Denominations	  	 	20	 
	 Section 3.03
	  	Execution, Authentication, Delivery and Dating	  	 	20	 
	 Section 3.04
	  	Temporary Senior Debt Securities	  	 	21	 
	 Section 3.05
	  	Registration, Registration of Transfer and Exchange	  	 	22	 
	 Section 3.06
	  	Mutilated, Destroyed, Lost and Stolen Senior Debt Securities	  	 	24	 
	 Section 3.07
	  	Payment	  	 	25	 
	 Section 3.08
	  	Persons Deemed Owners	  	 	26	 
	 Section 3.09
	  	Cancellation	  	 	26	 
	 Section 3.10
	  	Computation of Interest	  	 	26	 
	 Section 3.11
	  	CUSIP Numbers	  	 	27	 
		
	ARTICLE 4	  	 	 
	SATISFACTION AND DISCHARGE	  	 	 
			
	 Section 4.01
	  	Satisfaction and Discharge of Senior Debt Securities Indenture	  	 	27	 
	 Section 4.02
	  	Application of Trust Money	  	 	28	 

  
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	ARTICLE 5	  	 	 
	REMEDIES	  	 	 
			
	 Section 5.01  
	  	Events of Default	  	 	28	 
	 Section 5.02
	  	Acceleration of Maturity; Rescission and Annulment	  	 	29	 
	 Section 5.03
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	29	 
	 Section 5.04
	  	Trustee May File Proofs of Claim	  	 	32	 
	 Section 5.05
	  	Trustee May Enforce Claims Without Possession of Senior Debt Securities	  	 	32	 
	 Section 5.06
	  	Application of Money Collected	  	 	32	 
	 Section 5.07
	  	Limitation on Suits	  	 	33	 
	 Section 5.08
	  	Unconditional Right of Holders to Receive Principal, Premium and Interest, if any	  	 	34	 
	 Section 5.09
	  	Restoration of Rights and Remedies	  	 	34	 
	 Section 5.10
	  	Rights and Remedies Cumulative	  	 	34	 
	 Section 5.11
	  	Delay or Omission Not Waiver	  	 	34	 
	 Section 5.12
	  	Control by Holders	  	 	34	 
	 Section 5.13
	  	Waiver of Certain Past Events of Default	  	 	35	 
	 Section 5.14
	  	Undertaking for Costs	  	 	36	 
	 Section 5.15
	  	Waiver of Usury, Stay or Extension Laws	  	 	36	 
		
	ARTICLE 6	  	 	 
	THE TRUSTEE	  	 	 
			
	 Section 6.01
	  	Certain Duties and Responsibilities	  	 	36	 
	 Section 6.02
	  	Notice of Defaults	  	 	37	 
	 Section 6.03
	  	Certain Rights of Trustee	  	 	38	 
	 Section 6.04
	  	Not Responsible for Recitals or Issuance of Senior Debt Securities	  	 	39	 
	 Section 6.05
	  	May Hold Senior Debt Securities	  	 	39	 
	 Section 6.06
	  	Money Held in Trust	  	 	39	 
	 Section 6.07
	  	Compensation and Reimbursement	  	 	40	 
	 Section 6.08
	  	Disqualification; Conflicting Interests	  	 	41	 
	 Section 6.09
	  	Corporate Trustee Required; Eligibility	  	 	41	 
	 Section 6.10
	  	Resignation and Removal; Appointment of Successor	  	 	41	 
	 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	  	 	44	 
	 Section 6.14
	  	Appointment of Authenticating Agent	  	 	44	 
		
	ARTICLE 7	  	 	 
	HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY	  	 	 
			
	 Section 7.01
	  	Company to Furnish Trustee Names and Addresses of Holders	  	 	46	 
	 Section 7.02
	  	Preservation of Information; Communications to Holders	  	 	47	 
	 Section 7.03
	  	Reports by Trustee	  	 	47	 
	 Section 7.04
	  	Reports by Company	  	 	48	 
		
	ARTICLE 8	  	 	 
	CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER	  	 	 
			
	 Section 8.01
	  	Company May Consolidate, etc. Only on Certain Terms	  	 	48	 
	 Section 8.02
	  	Successor Person Substituted	  	 	49	 

  
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	 Section 8.03
	  	Assumption of Obligations	  	 	49	 
		
	ARTICLE 9	  	 	 
	SUPPLEMENTAL INDENTURES	  	 	 
			
	 Section 9.01
	  	Supplemental Indentures Without Consent of Holders	  	 	50	 
	 Section 9.02
	  	Supplemental Indentures with Consent of Holders	  	 	51	 
	 Section 9.03
	  	Execution of Supplemental Indentures	  	 	53	 
	 Section 9.04
	  	Effect of Supplemental Indentures	  	 	53	 
	 Section 9.05
	  	Conformity with Trust Indenture Act	  	 	53	 
	 Section 9.06
	  	Reference in Senior Debt Securities to Supplemental Indentures	  	 	53	 
		
	ARTICLE 10	  	 	 
	COVENANTS	  	 	 
			
	 Section 10.01
	  	Payment of Principal, Premium, and Interest	  	 	54	 
	 Section 10.02
	  	Maintenance of Office or Agency	  	 	54	 
	 Section 10.03
	  	Money for Payments to Be Held in Trust	  	 	54	 
	 Section 10.04
	  	Additional Amounts	  	 	56	 
	 Section 10.05
	  	Corporate Existence	  	 	58	 
	 Section 10.06
	  	Statement as to Compliance	  	 	58	 
		
	ARTICLE 11	  	 	 
	REDEMPTION OF SENIOR DEBT SECURITIES	  	 	 
			
	 Section 11.01
	  	Applicability of Article	  	 	58	 
	 Section 11.02
	  	Election to Redeem; Notice to Trustee	  	 	58	 
	 Section 11.03
	  	Selection by Trustee of Senior Debt Securities to be Redeemed	  	 	59	 
	 Section 11.04
	  	Notice of Redemption	  	 	59	 
	 Section 11.05
	  	Deposit of Redemption Price	  	 	60	 
	 Section 11.06
	  	Senior Debt Securities Payable on Redemption Date	  	 	60	 
	 Section 11.07
	  	Senior Debt Securities Redeemed in Part	  	 	60	 
	 Section 11.08
	  	Optional Redemption.	  	 	61	 
	 Section 11.09
	  	Optional Tax Redemption	  	 	61	 
	 Section 11.10
	  	Limitations on Redemption	  	 	63	 
	 Section 11.11
	  	Officer’s Certificate Related to PRA Consent	  	 	63	 
	 Section 11.12
	  	Condition to Repurchase	  	 	63	 
		
	ARTICLE 12	  	 	 
	U.K. BAIL-IN POWER AND BRRD ACKNOWLEDGEMENT	  	 	 
			
	 Section 12.01
	  	U.K. Bail-in Power Acknowledgement.	  	 	63	 
	 Section 12.02
	  	Parties’ Acknowledgement with respect to Treatment of BRRD Liabilities.	  	 	65	 
		
	ARTICLE 13	  	 	 
	SUBSEQUENT HOLDERS’ AGREEMENT	  	 	 

  
 -v- 

 SENIOR DEBT SECURITIES INDENTURE, dated as of January 17, 2018 between BARCLAYS PLC, a
public limited company registered in England and Wales (herein called the “Company”), having its registered office at 1 Churchill Place, London E14 5HP, United Kingdom and THE BANK OF NEW YORK MELLON, LONDON BRANCH, a New York banking
corporation, as Trustee (herein called the “Trustee”), having a Corporate Trust Office at One Canada Square, London E14 5AL, United Kingdom. 

RECITALS OF THE COMPANY 
 The
Company has duly authorized the execution and delivery of this Senior Debt Securities Indenture to provide for the issuance from time to time of its unsecured and unsubordinated debentures, notes or other evidences of indebtedness (herein called the
“Senior Debt Securities”), to be issued in one or more series as in this Senior Debt Securities Indenture provided. 
 All things
necessary to make this Senior Debt Securities Indenture a valid and binding agreement of the Company, in accordance with its terms, have been done. 

NOW, THEREFORE, THIS SENIOR DEBT SECURITIES INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Senior Debt Securities by the Holders thereof, it is mutually covenanted and
agreed, for the equal and proportionate benefit of all Holders of Senior Debt Securities and holders of Coupons, if any, as follows: 

ARTICLE 1 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION 
 Section 1.01 Definitions. For all purposes of this Senior Debt Securities Indenture, 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, either directly or by
reference therein, have the meanings assigned to them therein; 
 (c)    all accounting terms not
otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles, 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 as are generally accepted in the United Kingdom at the date of such computation and as applied by the Company; and 

(d)    the words “herein,” “hereof” and “hereunder” and other words of
similar import refer to this Senior Debt Securities Indenture as a whole and not to any particular Article, Section or other subdivision. 

  

 Certain terms may be defined when first used. 

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

“Additional Amounts” has the meaning specified in Section 10.04(a). 

“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. 

“Applicable Law” has the meaning specified in Section 10.04(c). 

“Authenticating Agent” means any Person authorized by the Trustee to act on behalf of the Trustee to authenticate Senior Debt
Securities of one or more series. 
 “Authorized Newspaper” means a newspaper in an official language of the country of
publication customarily published at least once a day for at least five (5) days in each calendar week and of general circulation in the place in connection with which the term is used, which, in the United Kingdom, will be The Financial
Times of London, if practicable, and which, in the United States, will be The Wall Street Journal, if practicable, and if it shall be impracticable to make any publication of any notice required hereby in any such newspaper, shall mean
any publication or other notice in lieu thereof which is made or given as determined by the Trustee. 
 “Authorized
Officer” means any Director, any officer of the Company for the time being holding the office of Chief Executive Officer, Group Finance Director or Barclays Treasurer or any Managing Director (or person with similar title and status) in
Barclays Treasury (or successor department). 
 “Beneficial Owners” shall mean (a) with respect to Global Securities
of a series, the beneficial owners of the relevant Senior Debt Securities of such series and (b) with respect to the relevant definitive Senior Debt Securities of a series, the Holders in whose names the relevant Senior Debt Securities of such
series are registered in the Senior Debt Security Register. 
 “Board of Directors” means either the board of directors, or
any committee of such board duly authorized to act with respect hereto, of the Company, which board of directors or committee may, to the extent permitted by applicable law, delegate its authority. 

“Board Resolution” means a copy of a resolution certified by a Company Secretary or by a Director, Associate Director or
Manager (or any other person with similar title and status) of Barclays Corporate Secretariat (or any successor department thereto), or by such other person authorized or duly appointed by the Board of Directors, 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. 

  
 -2- 

 “Business Day” means, with respect to any Place of Payment, except as may
otherwise be provided in the form of Senior Debt Securities of any particular series, any weekday other than one on which banking institutions are authorized or obligated by law or executive order to close in London, England, The City of New York,
United States or in that Place of Payment. 
 “Calculation Agent” means the Person, if any, authorized by the Company to
calculate the interest rate or other amounts from time to time in relation to any series of Senior Debt Securities. 
 “Capital
Regulations” means, at any time, the laws, regulations, requirements, standards, guidelines and policies relating to capital adequacy and/or minimum requirement for own funds and eligible liabilities and/or loss absorbing capacity of credit
institutions of either (i) the PRA and/or (ii) any other national or European authority, in each case then in effect in the United Kingdom (or in such other jurisdiction in which the Company may be organized or domiciled) and applicable to
the Group. 
 “Code” means the U.S. Internal Revenue Code of 1986, as amended, and any successor thereto. 

“Commission” means the United States 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 now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 

“Companies Act 2006” means the Companies Act 2006 of England and Wales, as amended, and any successor thereto. 

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

“Company Order” and “Company Request” mean, respectively, a written order or request signed in the name of
the Company by any Authorized Officer or any Director or Vice President in the Capital Markets Execution section (or any successor section thereto) of Barclays Treasury (or any other person with similar title and status), and delivered to the
Trustee. 
 “Corporate Trust Office” means the Corporate Trust Office referenced in the applicable Officer’s
Certificate or indenture supplemental hereto establishing the terms of the Senior Debt Securities of a series in which the Trustee’s corporate trust business is principally administered, or such other address as the Trustee may designate from
time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company). 

The term “corporation” includes corporations, associations, companies and business trusts. 

  
 -3- 

 “Coupon” or “Coupons” means any interest coupon or coupons, as
the case may be, appertaining to any Senior Debt Securities and includes any talons for further interest coupons. 
 “Defaulted
Interest” has the meaning specified in Section 3.07. 
 “Delegated Person Resolution” means a copy of a
resolution or decision certified by a Company Secretary or by a Director, Associate Director or Manager (or any other person with similar title and status) of Barclays Corporate Secretariat (or any successor department thereto), or by such other
person authorized or duly appointed by the Board of Directors, to have been duly adopted by a duly authorized person or committee in accordance with the delegation of authorities granted by the Board of Directors in effect from time to time and to
be in full force and effect on the date of such certification and delivered to the Trustee. 
 “Depositary” means, with
respect to Senior Debt Securities of any series issuable or issued in whole or in part in the form of one or more Global Securities, a clearing agency registered under the Exchange Act that is designated to act as Depositary for such Senior Debt
Securities as contemplated by Section 3.01. 
 “Dollar” or “$” or any similar reference means the
coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts. 

“DTC” means The Depository Trust Company (or any successor clearing system) or its nominee. 

“Euro” or “€” or any similar reference means the single currency of the participating member states in
the Third Stage of European economic and monetary union pursuant to the Treaty establishing the European Community (as amended from time to time), and as defined in Article 2 of Council Regulation (EC) No. 974/98 of 3 May 1998 on the
introduction of the Euro, as amended. 
 “Event of Default” has the meaning specified in Section 5.01. 

“Exchange Act” means the United States Securities Exchange Act of 1934, as amended, at the date as of which this instrument
was executed; provided, however, that in the event the United States Securities Exchange Act of 1934 is amended after such date, “Exchange Act” means, to the extent required by any such amendment, the United States Securities
Exchange Act of 1934 as so amended. 
 “FATCA Withholding Tax” has the meaning specified in Section 10.04(b). 

“Foreign Currency” means a currency issued by the government of any country other than the United States of America as at the
time of payment is legal tender for the payment of public and private debts. 
 “Global Security” means with respect to
Senior Debt Securities issued in registered form, a global certificate evidencing all or part of a series of Senior Debt Securities, authenticated and delivered to the Depositary and registered in the name of the Depositary or its nominee. 

  
 -4- 

 “Group” means the Company (or any successor entity) and its consolidated
subsidiaries. 
 “Holder” means a Person in whose name a registered Senior Debt Security in global or definitive form is
registered in the Senior Debt Security Register. 
 The term “interest”, when used with respect to an Original Issue
Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity. 
 “Interest Payment
Date”, when used with respect to any Senior Debt Security, means the Stated Maturity of any installment of interest on such Senior Debt Security. 

“Investment Company Act” means the U.S. Investment Company Act of 1940 and any statute successor thereto, in each case as
amended from time to time. 
 “Maturity”, when used with respect to any Senior Debt Security, means the date, if any, on
which the principal of such Senior Debt Security becomes due and payable as therein or herein provided, whether at the Stated Maturity or by call for redemption, winding up of the Company or otherwise. 

“Officer’s Certificate” means a certificate delivered to the Trustee and signed by any Authorized Officer or any
Director or Vice President in the Capital Markets Execution section (or any successor section thereto) of Barclays Treasury (or any other person with similar title and status). 

“Opinion of Counsel” means a written opinion of legal advisors, who may be legal advisors for the Company or other legal
advisors, such opinion to be acceptable to the Trustee. 
 “Ordinary Shares” means the fully paid ordinary shares in the
capital of the Company. 
 “Original Issue Discount Security” means any Senior Debt Security which provides for an amount
less than the principal amount to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02. 

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

(i)    Senior Debt Securities theretofore cancelled by the Trustee or delivered to the Trustee for
cancellation; 
 (ii)    Senior Debt Securities, or portions thereof, for whose payment or redemption
money in the necessary amount have been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the
Holders of such Senior Debt Securities; provided that, if such Senior Debt Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Senior Debt Securities Indenture or provision therefor satisfactory to
the Trustee has been made; and 

  
 -5- 

 (iii)    Senior Debt Securities which have been paid pursuant
to Section 11.06 or in exchange for or in lieu of which other Senior Debt Securities have been authenticated and delivered pursuant to this Senior Debt Securities Indenture; 

provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Senior Debt
Securities of any series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, (i) the principal amount of a Senior Debt Security denominated in a Foreign Currency shall be the Dollar equivalent,
determined in the manner provided as contemplated by Section 3.01 on the date of original issuance of such Senior Debt Security, of the principal amount of such Senior Debt Security; and (ii) Senior Debt Securities beneficially owned by
the Company or any other obligor upon the Senior Debt Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding except that, in determining whether the Trustee shall be protected in
relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Senior Debt Securities which the Trustee actually knows to be so beneficially owned shall be so disregarded; provided further,
however, that Senior Debt Securities so beneficially owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to
such Senior Debt Securities and that the pledgee is not the Company or any other obligor upon the Senior Debt Securities or any Affiliate of the Company or of such other obligor. 

“Paying Agent” means any Person (which may include the Company) authorized by the Company to pay the principal of (and
premium, if any) or interest, if any, on any Senior Debt Securities on behalf of the Company. 
 “Person” means any
individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“Place of Payment”, when used with respect to the Senior Debt Securities of any series, means the place or places where the
principal of (and premium, if any) and interest, if any, on the Senior Debt Securities of that series are payable as specified pursuant to Section 3.01 or, if not so specified, as specified in Section 10.02. 

“Predecessor Senior Debt Security” of any particular Senior Debt Security means every previous Senior Debt Security
evidencing all or a portion of the same debt as that evidenced by such particular Senior Debt Security; and, for the purposes of this definition, any Senior Debt Security authenticated and delivered under Section 3.06 in exchange for or in lieu
of a mutilated, destroyed, lost or stolen Senior Debt Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Senior Debt Security. 

  
 -6- 

 “PRA” means the Prudential Regulation Authority of the United Kingdom or such
other governmental authority in the United Kingdom (or if the Company becomes domiciled in a jurisdiction other than the United Kingdom, such other jurisdiction) having primary responsibility for the prudential supervision of the Company. 

“Redemption Date”, when used with respect to any Senior Debt Security to be redeemed, means the date fixed for such
redemption by or pursuant to this Senior Debt Securities Indenture. 
 “Redemption Price”, when used with respect to any
Senior Debt Security to be redeemed, means the price at which it is to be redeemed pursuant to this Senior Debt Securities Indenture. 

“Regular Record Date” for any interest payable on any Interest Payment Date on registered Senior Debt Securities of any
series means the date specified for the purpose pursuant to Section 3.01. 
 “Relevant U.K. Resolution Authority has the
meaning set forth in the definition of U.K. Bail-in Power. 
 “Responsible
Officer”, when used with respect to the Trustee, means, any officer assigned to the Corporate Trust Administration Unit (or any successor division or unit) of the Trustee located at the Corporate Trust Office of the Trustee, who shall have
direct responsibility for the administration of this Senior Debt Securities Indenture, and for the purposes of Section 6.01(c)(ii) and Section 6.02 shall also include any other officer of the Trustee to whom any corporate trust matter is
referred because of such officer’s knowledge of and familiarity with the particular subject. 
 “Shareholders” means
the holders of Ordinary Shares. 
 “Senior Debt Securities” has the meaning set forth in the recitals of the Company herein
and more particularly means any Senior Debt Securities issued, authenticated and delivered under this Senior Debt Securities Indenture. 

“Senior Debt Securities Indenture” or “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 and forms of particular series of Senior Debt Securities established
pursuant to Section 3.01. 
 “Senior Debt Security” means one of the Senior Debt Securities. 

“Senior Debt Security Register” and “Senior Debt Security Registrar” have the respective meanings specified
in Section 3.05. 
 “Stated Maturity”, when used with respect to any Senior Debt Security or any installment of
principal thereof or interest thereon, means the date, if any, specified in, or determined in accordance with the terms of, such Senior Debt Security or in the relevant Coupon, if any, appertaining thereto as the fixed date on which the principal of
such Senior Debt Security or such installment of interest is due and payable. 

  
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 “Special Record Date” for the payment of any Defaulted Interest means a date
fixed by the Trustee pursuant to Section 3.07. 
 “Subsidiary” has the meaning attributed thereto by Section 1159
of the Companies Act 2006. 
 “Taxes” has the meaning specified in Section 10.04. 

“Tax Event” has the meaning specified in Section 11.09. 

“Taxing Jurisdiction” has the meaning specified in Section 10.04. 

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

“Trust Indenture Act” means the United States 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. 
 “U.K. Bail-in Power” means any write-down, conversion,
transfer, modification and/or suspension power existing from time to time under any laws, regulations, rules or requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms incorporated in
the United Kingdom in effect and applicable in the United Kingdom to the Company or other members of the Group, including but not limited to any such laws, regulations, rules or requirements that are implemented, adopted or enacted within the
context of any applicable European Union directive or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms, and/or within the context of a U.K.
resolution regime under the U.K. Banking Act 2009, as the same has been or may be amended from time to time (whether pursuant to the U.K. Financial Services (Banking Reform) Act 2013, secondary legislation or otherwise), pursuant to which
obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled, amended, transferred and/or converted into shares or other securities or obligations of the obligor or any other
person (and a reference to the “Relevant U.K. Resolution Authority” is to any authority with the ability to exercise a U.K. Bail-in Power). 

“United Kingdom” means the United Kingdom of Great Britain and Northern Ireland. 

“United States of America” means the United States of America and, except in the case of Section 6.09 and
Section 6.14, its territories and possessions. 

  
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 “Vice President”, when used with respect to 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”. 

“Withheld Amount” has the meaning specified in Section 5.03. 

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 Senior Debt Securities Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Senior Debt Securities Indenture relating
to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of the legal advisor rendering such opinion all such conditions precedent, if any, have been complied with, except that in the case of any such
application or request as to which the furnishing of such documents is specifically required by any provision of this Senior Debt Securities Indenture relating to such particular application or request, no additional certificate or opinion need be
furnished. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Senior Debt
Securities Indenture shall include: 
 (a)    a statement that each Person 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 Person, he has made such examination or investigation
as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

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

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

  
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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 legal advisors know,
or in the exercise of reasonable care should know, that the certificate or opinion or representation with respect to such matters is 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 Senior Debt Securities Indenture, they may, but need not, be consolidated and form one instrument. 

Section 1.04 Acts of Holders. 

(a)    Any request, demand, authorization, direction, notice, consent, waiver or other action provided by
this Senior Debt Securities Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and, except
as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, when it is hereby expressly required, to the Company. Such instrument or instruments (and the action
embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be
sufficient for any purpose of this Senior Debt Securities 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. 

(b)    The fact and date of the execution by any Person of any such instrument or writing may be proved by
the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the
execution thereof. When such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such
instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 

(c)    If the Company shall solicit from the Holders of Senior Debt Securities of any series any request,
demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by Board Resolution, Delegated Person Resolution or other means, fix in advance a record date for purposes of determining the identity of Holders
of registered Senior Debt Securities entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. Any such record date shall be fixed at the Company’s
discretion. If such a record date is fixed, such request, demand, authorization, direction, notice, consent and waiver or other Act may be sought or given before or after the record date, but only the Holders of registered Senior Debt Securities of
record at the close of business on such record date shall be deemed to be Holders of registered Senior Debt Securities for the purpose of determining whether Holders of the requisite proportion of Senior Debt Securities of such series Outstanding
have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the registered Senior Debt Securities of such series Outstanding shall be computed as of such record
date. 

  
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 (d)    Upon receipt by the Trustee from any Holder of Senior
Debt Securities of a particular series of (i) any notice of default or breach referred to in Section 5.01 with respect to Senior Debt Securities of such series, if such default or breach has occurred and is continuing and the Trustee shall
not have given such notice to the Company, (ii) any declaration of acceleration referred to in Section 5.02, if an Event of Default with respect to Senior Debt Securities of such series has occurred and is continuing and the Trustee shall
not have given such a declaration to the Company, or (iii) any direction referred to in Section 5.12 with respect to Senior Debt Securities of such series, if the Trustee shall not have taken the action specified in such direction, then
the Trustee may set a record date for determining the Holders of Outstanding Senior Debt Securities of such series entitled to join in such notice, declaration, or direction. The Trustee will notify the Company and the Holders of Outstanding Senior
Debt Securities of such series of any such record date so fixed. The Holders of Outstanding Senior Debt Securities of such series on such record date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction,
whether or not such Holders remain Holders after such record date. 
 (e)    The ownership of registered
Senior Debt Securities shall be proved by the Senior Debt Security Register. 
 (f)    Any request,
demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Senior Debt Security shall bind every future Holder of the same Senior Debt Security and the Holder of every Senior Debt Security issued upon the
registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such
Senior Debt Security or such other Senior Debt Security. 
 Section 1.05 Notices, etc. to Trustee and Company. Any request,
demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Senior Debt Securities Indenture to be made upon, given or furnished to, or filed with, 

(a)    the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder (unless
otherwise herein expressly provided) if made, given, furnished or filed in writing to the Trustee at its Corporate Trust Office, or 

(b)    the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless
otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, addressed to it at the address of its registered office specified in the first paragraph of this Senior Debt Securities Indenture (unless another address has
been previously furnished in writing to the Trustee by the Company, in which case at the last such address). 

  
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 The Trustee agrees to accept and act upon instructions or directions pursuant to this Senior Debt
Securities Indenture sent by unsecured e-mail, Portable Document Format (PDF), facsimile transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have
received from the Company an incumbency certificate listing persons designated to give such instructions or directions and containing the titles and specimen signatures of such designated persons, which such incumbency certificate shall be amended
and replaced whenever a person is to be added or deleted from the listing. If the Company elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the
Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from
the Trustee’s reliance upon and compliance with such instructions notwithstanding a conflict or inconsistency between such instructions and a subsequent written instruction. The Company agrees to assume all risks arising out of the use of such
electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by third parties. 

Section 1.06 Notice to Holders; Waiver. When this Senior Debt Securities Indenture provides for notice to Holders of any event,
such notice shall be sufficiently given (unless otherwise herein expressly provided), in the case of Global Securities, if given in accordance with the applicable procedures of the Depositary or, in the case of all Senior Debt Securities, if given
in writing and mailed, first-class postage prepaid, to each Holder of a registered Senior Debt Security affected by such event in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act with respect to reports
pursuant to Section 7.03(a) of this Senior Debt Securities Indenture, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. 

For so long as the Senior Debt Securities of any series are represented by Global Securities, the Company will deliver a copy of all notices
with respect to such series to the Depositary for such Senior Debt Security (or its designee). 
 When notice to Holders of registered
Senior Debt Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. Where this Senior Debt
Securities Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice
by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. In case by reason of the suspension of regular mail service or by reason of any other
cause it shall be impracticable to give such notice by mail, then such notification as shall be determined by the Trustee shall constitute a sufficient notification for every purpose hereunder. 

Section 1.07 Conflict with Trust Indenture Act. If any provision hereof limits, qualifies or conflicts with a provision of the
Trust Indenture Act that is required under such Act to be a part of and govern this Senior Debt Securities Indenture, the latter provision shall control. If any provision of this Senior Debt Securities Indenture modifies or excludes any provision of
the 

  
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Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to this Senior Debt Securities Indenture as so modified or to be excluded, as the case may
be. If at any future time any provision required to be included herein by the Trust Indenture Act as in force at the date as of which this Senior Debt Securities Indenture was executed or any limitation imposed by the Trust Indenture Act at such
date on any provision otherwise included herein would not be so required or imposed (in whole or in part) if this Senior Debt Securities Indenture were executed at such future time, the Company and the Trustee may enter into one or more indentures
supplemental hereto pursuant to Section 9.01 to change or eliminate (in whole or in part) such provision or limitation of this Senior Debt Securities Indenture in conformity with the requirements of the Trust Indenture Act as then in force,
except that (subject to Article 9) no provision or limitation required to be included herein by Sections 310(a)(1) and (a)(2), 315(a), (c), (d)(1), (d)(2), (d)(3) and (e), 316(a)(1)(A), (a)(1)(B), (a)(2), (a) (last sentence) and (b) of the
Trust Indenture Act as in force at the date as of which this Senior Debt Securities Indenture was executed may be so changed or eliminated. 

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 Senior Debt Securities Indenture by the Company shall bind its successors and assigns, whether so expressed or not. All covenants and agreements in this Senior Debt Securities Indenture by the Trustee shall bind its successors and
assigns, whether so expressed or not. 
 Section 1.10 Separability Clause. In case any provision in this Senior Debt Securities
Indenture or in the Senior Debt Securities or the Coupons 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 Senior Debt Securities Indenture. Nothing in this Senior Debt Securities Indenture or in the Senior Debt
Securities or the Coupons, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, and the Holders of Senior Debt Securities or the holders of Coupons, any benefit or any legal or equitable right,
remedy or claim under this Senior Debt Securities Indenture. 
 Section 1.12 Governing Law. This Senior Debt Securities
Indenture and the Senior Debt Securities and the Coupons shall be governed by and construed in accordance with the laws of the State of New York, except for the waiver of set-off provisions set forth in
Section 5.03(c) and/or waiver of set-off provisions applicable to the Senior Debt Securities and the Coupons of a series pursuant to Section 3.01 hereof, which shall be governed by and construed in
accordance with English law, and except that the authorization and execution of this Senior Debt Securities Indenture, the Senior Debt Securities and the Coupons shall be governed (in addition to the laws of the State of New York relevant to
execution) by the respective jurisdictions of organization of the Company and the Trustee, as the case may be. 

  
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 Section 1.13 Saturdays, Sundays and Legal Holidays. The terms of the Senior Debt
Securities (and Coupons, if any) shall provide that, in any case where any Interest Payment Date, Redemption Date, Maturity or Stated Maturity of a Senior Debt Security shall not be a Business Day at any Place of Payment, then (notwithstanding any
other provision of this Senior Debt Securities Indenture or the Senior Debt Securities or Coupons other than a provision in the Senior Debt Securities or Coupons that specifically states that such provision shall apply in lieu of this Section)
payments of interest, if any, or principal (and premium, if any) need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment (or such other Business Day as shall be provided in
such Senior Debt Security or Coupon) with the same force and effect as if made on such Interest Payment Date, Redemption Date, Maturity or Stated Maturity, provided that no interest shall accrue on such payment for the period from and after
such Interest Payment Date, Redemption Date, Maturity or Stated Maturity, as the case may be and provided, further, that if such next succeeding Business Day at any Place of Payment would fall in the succeeding Financial Year (as
defined by reference to Section 390 of the Companies Act 2006) of the Company, payment may be made in full on the immediately preceding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment
Date, Redemption Date, Maturity or Stated Maturity, as the case may be. 
 Section 1.14 Appointment of Agent for Service. By the
execution and delivery of this Senior Debt Securities Indenture, the Company hereby designates Barclays Bank PLC (New York Branch), 745 Seventh Avenue, New York, New York 10019, Attention: General Counsel as its authorized agent upon which process
may be served in any suit or proceeding in any Federal or State court in the Borough of Manhattan, The City of New York arising out of or relating to the Senior Debt Securities, the Coupons or this Senior Debt Securities Indenture, but for that
purpose only, and agrees that service of process upon said agent shall be deemed in every respect effective service of process upon it in any such suit or proceeding in any Federal or State court in the Borough of Manhattan, The City of New York.
Such appointment shall be irrevocable so long as any of the Senior Debt Securities remain Outstanding until the appointment of a successor by the Company and such successor’s acceptance of such appointment. Upon such acceptance, the Company
shall notify the Trustee of the name and address of such successor. The Company further agrees to take any and all action, including the execution and filing of any and all such documents and instruments, as may be necessary to continue such
designation and appointment of said agent in full force and effect so long as any of the Senior Debt Securities shall be Outstanding. The Trustee shall not be obligated and shall have no responsibility with respect to any failure by the Company to
take any such action. The Company hereby submits (for the purposes of any such suit or proceeding) to the jurisdiction of any Federal or State court in the Borough of Manhattan, The City of New York in which any such suit or proceeding is so
instituted, and waives, to the extent it may effectively do so, any objection it may have now or hereafter to the laying of the venue of any such suit or proceeding. 

Section 1.15 Calculation Agent. If the Company appoints a Calculation Agent pursuant to Section 3.01 with respect to any
series of Senior Debt Securities, any determination of the interest rate on, or other amounts in relation to, such series of Senior Debt Securities in accordance with the terms of such series of Senior Debt Securities by such Calculation Agent shall
(in the absence of manifest error) be binding on the Company, the Trustee, all Holders and all holders of Coupons and (in the absence of manifest error) no liability to the Holders or holders of Coupons shall attach to the Calculation Agent in
connection with the exercise or non-exercise by it of its powers, duties and discretions. 

  
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 Section 1.16 Waiver of Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE, AND EACH
HOLDER OF A SENIOR DEBT SECURITY BY ITS ACCEPTANCE THEREOF, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SENIOR DEBT
SECURITIES INDENTURE, THE SENIOR DEBT SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 1.17 Force Majeure. In no
event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it
being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

ARTICLE 2 
 SENIOR
DEBT SECURITY FORMS 
 Section 2.01 Forms Generally. The Senior Debt Securities of
each series and the Coupons, if any, to be attached thereto shall be in such forms as shall be established by, or pursuant to, a Board Resolution or Delegated Person Resolution, or in one or more indentures supplemental hereto, pursuant to
Section 3.01, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Senior Debt Securities 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 any applicable law or rule or regulation made pursuant thereto or with the rules of any securities exchange or as may, consistently herewith, be
determined by the officers executing such Senior Debt Securities and Coupons, all as evidenced by any such execution; provided, however, that such Senior Debt Securities and Coupons shall have endorsed thereon a statement in the
following form or in substantially the following form: 
 “Notwithstanding any other agreements, arrangements, or understandings
between the Company and any Holder or Beneficial Owner of the Senior Debt Securities, by acquiring the Senior Debt Securities, each Holder and Beneficial Owner of the Senior Debt Securities acknowledges, accepts, agrees to be bound by and consents
to the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution Authority and the provisions set forth in Section 12.01 of the Senior Debt Securities Indenture. 

Each Holder and Beneficial Owner of the Senior Debt Securities that acquires the Senior Debt Securities in the secondary market shall be
deemed to acknowledge, agree to be bound by, and consent to, the same provisions set forth in the Senior Debt Securities and the Senior Debt Securities Indenture to the same extent as the Holders and Beneficial Owners of the Senior Debt Securities
that acquire the 

  
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Senior Debt Securities upon their initial issuance, including without limitation, with respect to the acknowledgement and agreement to be bound by and consent to the terms of the Senior Debt
Securities, including in relation to the provisions contained in Section 5.03(c) and Section 12.01 of the Senior Debt Securities Indenture.” 

The Trustee’s certificates of authentication shall be in substantially the form set forth in Section 2.02 or Section 6.14. 

The definitive Senior Debt Securities and Coupons shall be printed, lithographed or engraved or produced by any combination of these methods
or may be produced in any other manner permitted by the rules of any securities exchange on which the Senior Debt Securities may be listed, all as determined by the officers executing such Senior Debt Securities, as evidenced by their execution
thereof. 
 Section 2.02 Form of Trustee’s Certificate of Authentication. The Trustee’s certificate of
authentication shall be in substantially the following form: 
 CERTIFICATE OF AUTHENTICATION 

This is one of the Senior Debt Securities of the series designated herein referred to in the within-mentioned Senior Debt Securities
Indenture. 
 Dated: _________________________ 
  

			
	 THE BANK OF NEW YORK MELLON,

		 	 as Trustee

	 By:
	 	  

		 	 Authorized Signatory

 ARTICLE 3 

THE SENIOR DEBT SECURITIES 

Section 3.01 Amount Unlimited; Issuable in Series. The aggregate principal amount of Senior Debt Securities which may be
authenticated and delivered under this Senior Debt Securities Indenture is unlimited. The Senior Debt Securities may be issued in one or more series. 

There shall be established by, or pursuant to, a Board Resolution or Delegated Person Resolution and, subject to Section 3.03, set forth,
or determined in the manner provided, in an Officer’s Certificate, or established in one or more indentures supplemental hereto, prior to the initial issuance of Senior Debt Securities of any series, 

(a)    the title of the Senior Debt Securities of the series (which shall distinguish the Senior Debt
Securities of the series from all other Senior Debt Securities); 

  
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 (b)    any limit upon the aggregate principal amount of the
Senior Debt Securities of the series that may be authenticated and delivered under this Senior Debt Securities Indenture (except for Senior Debt Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu
of, other Senior Debt Securities of the series pursuant to Section 3.04, Section 3.05, Section 3.06, Section 9.06 or Section 11.07 and except for any Senior Debt Securities which, pursuant to Section 3.03, are deemed
never to have been authenticated and delivered hereunder); 
 (c)    the Person to whom any interest on a
Senior Debt Security of the series shall be payable, if other than the person in whose name that Senior Debt Security (or one or more Predecessor Senior Debt Securities) is registered at the close of business on the Regular Record Date for that
interest; 
 (d)    the date or dates on which the principal of (and premium, if any, on) the Senior Debt
Securities of the series is payable; 
 (e)    under what conditions, if any, the Company may be
substituted as the issuer of the Senior Debt Securities of the series (including pursuant to Article 8); 

(f)    the ranking of the Senior Debt Securities of the series relative to the debt and equity issued by
the Company, including to what extent it may rank junior in right of payment to other of the Company’s obligations or in any other manner; 

(g)    the rate or rates, if any, at which the Senior Debt Securities of the series shall accrue interest
or the manner of calculation of such rate or rates, if any, the date or dates, if any, from which such interest, if any, may accrue, whether Section 3.07 shall apply to the Senior Debt Securities of such series, the Interest Payment Dates on
which such interest, if any, may be payable or the manner of determination of such Interest Payment Dates, if other than as specified in Section 3.07 including the determination of the Record Date, and, in the case of registered Senior Debt
Securities, the Regular Record Date for the interest payable on any Interest Payment Date, and any dates required to be established pursuant to Section 7.01; 

(h)    whether any premium, upon redemption or otherwise, shall be payable by the Company on Senior Debt
Securities of the series; 
 (i)    whether the Senior Debt Securities of the series are to be issued as
Original Issue Discount Securities and the amount of the discount at which such Original Issue Discount Securities may be issued; 

(j)    provisions, if any, for the discharge and defeasance of Senior Debt Securities of the series; 

(k)    any additional condition to which payment of any principal of (or premium, if any) or interest on
Senior Debt Securities of the series will be subject; 
 (l)    the place or places where the principal
of (and premium, if any) and any interest on Senior Debt Securities of the series shall be payable, and the Paying Agent or Paying Agents who shall be authorized to pay principal of (and premium, if any) and interest on Senior Debt Securities of
such series, at least one of which Paying Agents shall have an office or agency in the Borough of Manhattan, The City of New York United States or the City of London, United Kingdom; 

  
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 (m)    other than with respect to any redemption of the
Senior Debt Securities pursuant to any provisions of Section 11.08 and Section 11.09 (unless it is established pursuant to this Section 3.01 that all or part of Section 11.08 and/or Section 11.09 shall not apply to a
particular series of Senior Debt Securities), whether or not such series of Senior Debt Securities are to be redeemable, in whole or in part, at the Company’s option and, if so redeemable, any longer or shorter notice period than the one
referred to in this Senior Debt Securities Indenture, the period or periods within which, the price or prices at which and the terms and conditions upon which, Senior Debt Securities of the series may be redeemed, including the date or period
referred to in Section 11.08; 
 (n)    if there are any conditions on the Company repurchasing the
Senior Debt Securities of the series, such conditions; 
 (o)    the obligation, if any, of the Company
to redeem or purchase Senior Debt Securities of the 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 Senior Debt Securities of the series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 

(p)    if other than denominations of $1,000 and any integral multiple thereof, the denominations in which
Senior Debt Securities of the series in each applicable form shall be issuable; 
 (q)    if other than
the principal amount thereof, the portion, or the manner of calculation of such portion, of the principal amount of Senior Debt Securities of the series which shall be payable upon a declaration of acceleration or acceleration of the Maturity
thereof pursuant to Section 5.02, upon redemption of Senior Debt Securities of any series which are redeemable before their Stated Maturity, or which the Trustee shall be entitled to file and prove a claim pursuant to Section 5.04; 

(r)    if Additional Amounts, pursuant to Section 10.04, will not be payable by the Company; 

(s)    whether the Senior Debt Securities of the series will be issued in registered form or in bearer form
or both and, if bearer securities will be issued, whether or not the Senior Debt Securities will be issued with Coupons attached and any other provisions related to bearer securities, whether a Global Security will initially be executed and
delivered, whether registered Senior Debt Securities of the series may be exchanged for bearer Senior Debt Securities of the series and vice versa, and the circumstances under which any such exchanges, if permitted, may be made and
whether any restrictions will be applicable to the offer, sale or delivery of bearer or registered Senior Debt Securities; 

  
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 (t)    if other than Dollars, provisions, if any, for the
Senior Debt Securities of the series to be denominated, and payments thereon to be made, in Foreign Currencies and specifying the manner and place of payment thereon and any other terms with respect thereto and the manner of determining the
equivalent thereof in Dollars for purposes of the definition of “Outstanding” in Section 1.01; 
 (u) if other
than the currency in which the Senior Debt Securities of that series are denominated, the currency in which payment of the principal of (and premium, if any) or interest, if any, on the Senior Debt Securities of such series shall be payable; 

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

 (w) whether the Senior Debt Securities of the series shall be issued in whole or in part in the form of one or more Global
Securities and the Depositary and the initial Holder with respect to such Global Security or Senior Debt Securities; 
 (x)
if the Senior Debt Securities of such series are to be issuable in definitive form (whether upon original issue or upon exchange of a temporary Senior Debt Security of such series or otherwise) only upon receipt of certain certificates or other
documents or satisfaction of other conditions, then the form and terms of such certificates, documents or conditions; 
 (y)
if the amounts of payments of principal of (and premium, if any) or interest, if any, on the Senior Debt Securities of the series may be determined with reference to an index or are otherwise not fixed on the original issue date thereof, the manner
in which such amounts shall be determined and the Calculation Agent, if any, who shall be appointed and authorized to calculate such amounts; 

(z) the terms, if any, on which such Senior Debt Securities may or shall be converted into or exchanged at the option of the
Company or otherwise for stock or other securities of the Company or another entity or other entities, into a basket or baskets of such securities, into an index or indices of such securities, into the cash value therefor or into any combination of
the foregoing, any specific terms relating to the adjustment thereof and the period during which such Senior Debt Securities may or shall be so converted or exchanged; 

(aa) any other Events of Default or other category of default or covenants with respect to the Senior Debt Securities of such
series and, if other than as specified in this Senior Debt Securities Indenture, the terms thereof; 
 (bb) the extent to
which holders of the Senior Debt Securities may exercise, claim or plead any right of set-off, compensation or retention in respect of any amount owed to it by the Company arising under, or in connection with,
the Senior Debt Securities, if different from the waiver of set-off provisions in this Senior Debt Securities Indenture; 

  
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 (cc) the forms of Senior Debt Securities of the series and any Coupons
appertaining thereto; 
 (dd) any applicable additional or alternative provision or provisions related to the U.K. Bail-in Power; and 
 (ee) any other terms of the series (which terms shall not be
inconsistent with the provisions of this Senior Debt Securities Indenture, except as permitted by Section 9.01(d)). 
 All Senior Debt
Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in any such indenture supplemental hereto. 

If the forms of Senior Debt Securities of any series and any Coupons to be attached thereto, or any of the terms thereof, are established by
action taken by, or pursuant to, the Board of Directors of the Company or delegates thereof, copies of the Board Resolutions or Delegated Person Resolution, as applicable, in respect thereof shall be delivered to the Trustee at or prior to the
delivery of the Company Order pursuant to Section 3.03 for the authentication and delivery of such Senior Debt Securities. 

Section 3.02 Denominations. The Senior Debt Securities of each series shall be issuable in such denominations as shall be
specified as contemplated by Section 3.01. In the absence of any such specification with respect to the Senior Debt Securities of any series, the Senior Debt Securities of each series shall be issuable in denominations of $1,000 and any
integral multiple thereof. 
 Section 3.03 Execution, Authentication, Delivery and Dating. The Senior Debt Securities and any
Coupons shall be executed on behalf of the Company by any two of the following: any of its Authorized Officers or any Director or Vice President in the Capital Markets Execution section (or any successor section thereto) of Barclays Treasury. The
signature of any of these officers on the Senior Debt Securities or the Coupons may be manual or facsimile. Senior Debt Securities or Coupons 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 Senior Debt Securities or Coupons. 

At any time and from time to time after the execution and delivery of this Senior Debt Securities Indenture, the Company may deliver Senior
Debt Securities of any series executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Senior Debt Securities, and the Trustee in accordance with the Company Order shall
authenticate and deliver such Senior Debt Securities. In authenticating such Senior Debt Securities and accepting the additional responsibilities under this Senior Debt Securities Indenture in relation to such Senior Debt Securities the Trustee
shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel, each stating that the form and terms thereof have been established in conformity with
the provisions of this Senior Debt Securities Indenture, and complying with Section 1.02. 

  
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 The Trustee shall not be required to authenticate such Senior Debt Securities if the issue of
such Senior Debt Securities pursuant to this Senior Debt Securities Indenture will affect the Trustee’s own rights, duties or immunities under the Senior Debt Securities or any Coupons and this Senior Debt Securities Indenture or otherwise in a
manner which is not reasonably acceptable to the Trustee. 
 Each registered Senior Debt Security shall be dated the date of its
authentication. 
 No Senior Debt Security or Coupon appertaining thereto shall be entitled to any benefit under this Senior Debt Securities
Indenture or be valid or obligatory for any purpose unless there appears on such Senior Debt Security a certificate of authentication substantially in the form provided for herein executed by or on behalf of the Trustee by manual signature, and such
certificate upon any Senior Debt Security shall be conclusive evidence, and the only evidence, that such Senior Debt Security has been duly authenticated and delivered hereunder and that such Senior Debt Security or Coupon is entitled to the
benefits of this Senior Debt Securities Indenture. Notwithstanding the foregoing, if any Senior Debt Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Senior
Debt Security to the Trustee for cancellation as provided in Section 3.09, for all purposes of this Senior Debt Securities Indenture such Senior Debt Security shall be deemed never to have been authenticated and delivered hereunder and shall
never be entitled to the benefits of this Senior Debt Securities Indenture. 
 Section 3.04 Temporary Senior Debt Securities.
Pending the preparation of definitive Senior Debt Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Senior Debt Securities substantially of the tenor of the definitive
Senior Debt Securities in lieu of which they are issued, which Senior Debt Securities may be printed, lithographed, typewritten, photocopied or otherwise produced. Temporary Senior Debt Securities may be issued as registered Senior Debt Securities
in any authorized denomination, and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Senior Debt Securities may determine, all as evidenced by such execution. 

If temporary Senior Debt Securities of any series are issued, the Company will cause, if so required by the terms of such temporary Senior
Debt Securities, definitive Senior Debt Securities of such series to be prepared without unreasonable delay. After the preparation of definitive Senior Debt Securities of such series, the temporary Senior Debt Securities of such series shall be
exchangeable for definitive Senior Debt Securities of such series containing identical terms and provisions upon surrender of the temporary Senior Debt Securities of such series (including any and all unmatured Coupons or matured Coupons in default
attached thereto) at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Senior Debt Securities of any series the Company shall
execute, and the Trustee shall authenticate and deliver in exchange therefor, a like aggregate principal amount of definitive Senior Debt Securities of the same series of authorized denominations containing identical terms and provisions. Until so

  
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exchanged, unless otherwise provided therein or in a supplemental indenture relating thereto, the temporary Senior Debt Securities of any series shall in all respects be entitled to the same
benefits (but shall be subject to all the limitations of rights) under this Senior Debt Securities Indenture as definitive Senior Debt Securities of such series. 

Section 3.05 Registration, Registration of Transfer and Exchange. 

(a) The Company shall cause to be kept at the Corporate Trust Office or other agency of the Trustee a register (the register
maintained in such office and in any other office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the “Senior Debt Security Register”) in which, subject to such reasonable regulations as it
may prescribe, the Company shall provide for the registration of Senior Debt Securities and of transfers of Senior Debt Securities. The Trustee is hereby appointed initially as “Senior Debt Security Registrar” for the purpose of
registering Senior Debt Securities and transfers of Senior Debt Securities as herein provided. The Company at any time and from time to time may change the Senior Debt Security Registrar or the Place of Payment without prior notice to the Holders of
the Senior Debt Securities, and may appoint itself as Senior Debt Security Registrar. 
 Upon surrender for registration of
transfer of any Senior Debt Security of a series at the office or agency of the Company in a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and make available for delivery, in the name of the
designated transferee or transferees, one or more new Senior Debt Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. 

At the option of the Holder, Senior Debt Securities of any series may be exchanged for other Senior Debt Securities of the same
series, of any authorized denominations and of like tenor and aggregate principal amount upon surrender of the Senior Debt Securities to be exchanged at such office or agency. Whenever any Senior Debt Securities are so surrendered for exchange, the
Company shall execute, and the Trustee shall authenticate and make available for delivery, the Senior Debt Securities which the Holder making the exchange is entitled to receive. 

All Senior Debt 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 Senior Debt Securities Indenture, as the Senior Debt Securities surrendered upon such registration of transfer or exchange. 

Every Senior Debt Security presented or surrendered for registration of transfer or for exchange shall (if so required by the
Company or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Senior Debt Security Registrar duly executed, by the Holder thereof or his attorney duly authorized in
writing. 
 No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may
require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.04, Section 9.06 or
Section 11.07 not involving any transfer. 

  
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 If the Senior Debt Securities of any series (or of any series and specified
tenor) are to be redeemed in part, the Company shall not be required (i) to issue, register the transfer of or exchange any Senior Debt Securities of that series (or of that series and specified tenor, as the case may be) during a period
beginning at the opening of business fifteen (15) days before the day of the mailing of a notice of redemption of any such Senior Debt Securities selected for redemption under Section 11.03 and ending at the close of business on the day of
such mailing, or (ii) to register the transfer of or exchange any Senior Debt Security so selected for redemption in whole or in part, except the unredeemed portion of any Senior Debt Security being redeemed in part. 

(b) Except as otherwise specified pursuant to Section 3.01, registered Senior Debt Securities of any series may be
exchanged for a like aggregate principal amount of registered Senior Debt Securities of such series of other authorized denominations containing identical terms and provisions. Senior Debt Securities to be exchanged shall be surrendered at an office
or agency of the Company designated pursuant to Section 10.02 for such purpose, and the Company shall execute, and the Trustee shall authenticate and deliver, in exchange therefor the Senior Debt Security or Senior Debt Securities of the same
series which the Holder making the exchange shall be entitled to receive. 
 (c) The provisions of this Section 3.05(c)
shall apply only to Global Securities unless as otherwise specified as contemplated by Section 3.01: 
 (i) Each Global
Security authenticated under this Senior Debt Securities Indenture shall be registered in the name of the Depositary designated for such Global Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian
therefor, and each such Global Security shall constitute a single Senior Debt Security for all purposes of this Senior Debt Securities Indenture. 

(ii) Notwithstanding any other provision in this Senior Debt Securities Indenture, no Global Security may be exchanged in whole
or in part for Senior Debt Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof unless (A) such
Depositary (x) has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security or (y) has ceased to be a clearing agency registered under the Exchange Act, (B) there shall have occurred and
be continuing an Event of Default with respect to such Global Security, (C) at any time if the Company at its option and in its sole discretion determines that the Global Securities of a particular series should be exchanged for definitive
Senior Debt Securities of that series in registered form or (D) there shall exist such circumstances, if any, in addition to or in lieu of the foregoing as have been specified for this purpose as contemplated by Section 3.01. 

  
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 (iii) Subject to Clause (ii) above, any exchange of a Global Security for
other Senior Debt Securities may be made in whole or in part, and all Senior Debt Securities issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct.

 (iv) Every Security authenticated and made available for delivery upon registration of transfer of, or in exchange for or
in lieu of, a Global Security or any portion thereof, whether pursuant to this Section 3.05 and Section 3.04, Section 3.06, Section 9.06 or Section 11.07 or otherwise, shall be authenticated and delivered in the form of, and
shall be, a Global Security, unless such Senior Debt Security is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof. 

Section 3.06 Mutilated, Destroyed, Lost and Stolen Senior Debt Securities. If any mutilated Senior Debt Security or Coupon
(including any Global Security) is surrendered to the Trustee, the Company may execute and the Trustee shall, in the case of a Senior Debt Security, authenticate and deliver, or in the case of a Coupon deliver, in exchange therefor a new Senior Debt
Security or Coupon of the same series containing identical terms and provisions and of like amount, and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and to the Trustee (a) evidence to their satisfaction of the destruction, loss or theft of any
Senior Debt Security (including any Global Security) or Coupon and (b) such security or indemnity as may be required by them to save each of them and any agent of any of them harmless, then, in the absence of notice to the Company or the
Trustee that such Senior Debt Security or Coupon has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate and deliver, or in the case of a Coupon deliver, in lieu of any such
destroyed, lost or stolen Senior Debt Security or Coupon a new Senior Debt Security or Coupon of the same series containing identical terms and provisions and of the amount, and bearing a number not contemporaneously outstanding. 

In case any such mutilated, destroyed, lost or stolen Senior Debt Security or Coupon has become or is about to become due and payable, the
Company in its discretion may, instead of issuing a new Senior Debt Security or Coupon, pay such Senior Debt Security or Coupon. 
 Upon the
issuance of any new Senior Debt Security or Coupon 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 Senior Debt Security or Coupon of any series issued pursuant to this
Section in lieu of any destroyed, lost or stolen Senior Debt Security or Coupon shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Senior Debt Security or Coupon shall be at
any time enforceable by anyone, and shall be entitled to all the benefits of this Senior Debt Securities Indenture equally and proportionately with any and all other Senior Debt Securities and Coupons of that series duly issued hereunder. 

  
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 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 Senior Debt Securities or Coupons. 

Section 3.07 Payment. Except as otherwise provided as contemplated by Section 3.01 with respect to any series of Senior Debt
Securities, interest, if any, on any Senior Debt Securities which is payable, and is paid or duly provided for, on any Interest Payment Date shall be paid, in the case of registered Senior Debt Securities, to the Person in whose name that Security
(or one or more Predecessor Senior Debt Securities) is registered at the close of business on the Regular Record Date for such interest or, in the case of Global Securities held by any Holder, to the Holder including through a Paying Agent of the
Company designated pursuant to Section 3.01 by wire transfer of same-day funds to the Holder. 

Any interest on any series of Senior Debt Securities which is payable, but is not punctually paid or duly provided for, on any Interest
Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its
election in each case, as provided in Clause (a) or (b) below: 
 (a)     The Company may elect to
make payment of any Defaulted Interest to the Persons in whose names the Senior Debt Securities of such series (or their respective Predecessor Senior Debt 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 Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Senior Debt Security of such series 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 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 fifteen (15) days and not less than ten (10) days prior to the date of the proposed payment and not less than ten (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 given to each Holder of Senior Debt Securities of such series in the manner set forth in Section 1.06, not less than ten (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 so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Senior Debt Securities of such series (or their respective Predecessor Senior Debt Securities) are
registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (b). 

  
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 (b)     The Company may make payment of any Defaulted
Interest on the Senior Debt Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Senior Debt 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. 

In the case of registered Senior Debt Securities where payment is to be made in Dollars, payment at any Paying Agent’s office outside The
City of New York will be made in Dollars by check drawn on, or, at the request of the Holder, by wire transfer of same-day funds to a Dollar account maintained by the payee with, a bank in The City of New
York. 
 In the case of registered Senior Debt Securities where payment is to be made in a Foreign Currency or Euro, payment will be made as
established pursuant to Section 3.01. 
 Subject to the foregoing provisions of this Section, each Senior Debt Security delivered under
this Senior Debt Securities Indenture upon registration of transfer of or in exchange for or in lieu of any other Senior Debt Security shall carry the rights to interest accrued but unpaid, and to accrue, which were carried by such other Senior Debt
Security. 
 Section 3.08 Persons Deemed Owners. Prior to due presentment of a registered Senior Debt Security for registration
of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Senior Debt Security is registered as the owner of such Senior Debt Security for the purpose of receiving (subject to
Section 3.07) payment of principal of (and premium, if any) and interest, if any, on such Senior Debt Security and for all other purposes whatsoever, whether or not such Senior Debt 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. 
 Section 3.09 Cancellation. All Senior
Debt Securities and Coupons surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be
promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Senior Debt Securities previously authenticated and delivered hereunder and Coupons which the Company may have acquired in any manner whatsoever, and
may deliver to the Trustee (or to any other person for delivery to the Trustee) for cancellation any Senior Debt Securities previously authenticated hereunder and Coupons which the Company has not issued and sold, and all Senior Debt Securities and
Coupons so delivered shall be promptly cancelled by the Trustee. No Senior Debt Securities shall be authenticated in lieu of or in exchange for any Senior Debt Securities cancelled as provided in this Section, except as expressly permitted by the
provisions of the Senior Debt Securities of any series or pursuant to the provisions of this Senior Debt Securities Indenture. The Trustee shall deliver to the Company all cancelled Senior Debt Securities and Coupons held by the Trustee. 

Section 3.10 Computation of Interest. Except as otherwise specified pursuant to Section 3.01 for Senior Debt Securities of
any series, and as set forth in such Senior Debt Securities, payments of interest on the Senior Debt Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. 

  
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 Section 3.11 CUSIP Numbers. The Company in issuing the Senior Debt Securities may use
“CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as
to the correctness of such numbers either as printed on the Senior Debt Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Senior Debt Securities, and any
such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 

ARTICLE 4 

SATISFACTION AND DISCHARGE 

Section 4.01 Satisfaction and Discharge of Senior Debt Securities Indenture. This Senior Debt Securities Indenture shall upon
Company Request cease to be of further effect with respect to Senior Debt Securities of any series (except as to any surviving rights of registration of transfer or exchange of Senior Debt Securities of such series herein expressly provided for),
and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Senior Debt Securities Indenture with respect to the Senior Debt Securities of such series when 

(a)     either: 

(i)     all Senior Debt Securities of such series theretofore authenticated and delivered and all Coupons,
if any, appertaining thereto (other than (x) Senior Debt Securities and Coupons which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.06 and (y) Senior Debt Securities or Coupons for
whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 10.03) have been delivered to the Trustee for
cancellation; or 
 (ii)     all Senior Debt Securities and Coupons referred to in clause (i) above
not theretofore delivered to the Trustee for cancellation have become due and payable, and the Company has deposited or caused to be deposited with the Trustee, as trust funds in trust for the purpose, an amount in cash sufficient to pay and
discharge all claims with respect to such Senior Debt Securities and Coupons not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and accrued interest, if any, to the date of such deposit (in the case of
Senior Debt Securities and Coupons which have become due and payable); 
 (b)     the Company has paid or
caused to be paid all other sums payable hereunder by the Company with respect to the Senior Debt 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 Senior Debt Securities Indenture with respect to the Senior Debt Securities of such series have been complied with. 

  
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 Notwithstanding any satisfaction and discharge of this Senior Debt Securities Indenture, the
obligations of the Company to the Trustee under Section 6.07, the obligations of the Trustee to any Authenticating Agent under Section 6.14 and, if cash shall have been deposited with the Trustee pursuant to subclause (ii) of clause
(a) of this Section, the obligations of the Trustee under Section 4.02 and the last paragraph of Section 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 cash deposited
with the Trustee pursuant to Section 4.01 shall be held in trust and such cash shall be applied by it, in accordance with the provisions of the Senior Debt Securities of such series, any Coupons appertaining thereto and this Senior Debt
Securities Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for
the payment of which such cash have been deposited with the Trustee. 
 ARTICLE 5 

REMEDIES 

Section 5.01 Events of Default. “Event of Default”, wherever used herein with respect to Senior Debt Securities of a
particular series, means, whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or, subject to Section 5.03(e), be effected by operation of law pursuant to any judgment, decree or order of any court or
any order, rule or regulation of any administrative or governmental body, except as otherwise provided as contemplated by Section 3.01 with respect to any series of Senior Debt Securities, (1) the Company failed to pay any principal or any
interest on any Senior Debt Securities of the relevant series within fourteen (14) days from the due date for payment and the principal or interest has not been duly paid within a further fourteen (14) days following written notice from
the Trustee to the Company or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Outstanding Senior Debt Securities of that series requiring the non-payment to
be made good, (2) (x) the making of an order for the winding-up of the Company by a court of competent jurisdiction in England (or such other jurisdiction in which the Company may be organized) which is not
successfully appealed within thirty (30) days of the making of such order, or (y) the Shareholders of the Company adopt an effective resolution, for the winding up of the Company (other than, in the case of either (x) or (y) above,
under or in connection with a scheme of reconstruction, merger or amalgamation not involving a bankruptcy or insolvency), (3) any other Event of Default provided with respect to Senior Debt Securities of such series pursuant to Section 3.01 or
(4) the default in the performance, or breach, of any covenant or warranty of the Company in this Senior Debt Securities Indenture (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in this
Section 5.01 specifically dealt with) provided, that default or breach has not been remedied within twenty-one (21) days of receipt by the Company and the Trustee from the Holders of at least 25%
aggregate principal amount of the Outstanding Senior Debt Securities of that series of a written notice requiring the breach to be remedied or written notice from the Trustee to the Company requiring the breach to be remedied. 

  
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 Section 5.02 Acceleration of Maturity; Rescission and Annulment. If an Event of
Default occurs with respect to Senior Debt Securities of any series and is continuing, then in every such case the Trustee or the Holder or Holders of not less than 25% in aggregate principal amount of the Outstanding Senior Debt Securities of such
series may declare the principal amount of, any accrued but unpaid interest (or, in the case of Original Issue Discount Securities, such portion of the principal amount of such Original Issue Discount Securities as may be specified by the terms
thereof) on all the Senior Debt Securities of that series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by such Holder or Holders), and upon any such declaration such principal and interest (or
specified amount) shall become immediately due and payable. 
 At any time after such a declaration of acceleration with respect to Senior
Debt Securities of any series has been made but before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holder or Holders of a majority in aggregate principal amount of
the Outstanding Senior Debt Securities of such series, by written notice to the Company and the Trustee, may rescind such declaration of acceleration and its consequences (including any Event of Default under another series of Senior Debt Securities
arising therefrom) but only if 
 (a)     the Company has paid or deposited with the Trustee a sum
sufficient to pay 
 (i)     the principal of (and premium, if any, on) any Senior Debt Securities of
such series which have become due otherwise than by such declaration of acceleration and any due and payable interest, and overdue interest, if any, thereon at the rate or rates prescribed therefor in such Senior Debt Securities, 

(ii)     all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel; and 
 (b)     all Events of Default
with respect to Senior Debt Securities of such series 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. 
 (a)     The Company covenants that, if it fails to pay any principal or
any interest on any Senior Debt Securities of that series within fourteen (14) days from the due date for payment and the principal or interest has not been duly paid within a further fourteen (14) days following written notice from the
Trustee to the Company or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the 

  
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Outstanding Senior Debt Securities of that series requiring the non-payment to be made good, the Company will, upon demand of the Trustee, pay to it, for
the benefit of the Holders of such Senior Debt Securities and the holders of any Coupons appertaining thereto, the whole amount then due and payable on such Senior Debt Securities and Coupons for principal (and premium, if any) and interest, if any,
and interest on any overdue principal (and premium, if any), at the rate or rates prescribed therefor in such Senior Debt Securities; and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection,
including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

(b)     If an Event of Default with respect to Senior Debt Securities of any series occurs and is
continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Senior Debt Securities of such series and holders of any Coupons appertaining thereto 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 Senior Debt Securities Indenture or in aid of the exercise of any power granted herein, or to
enforce any other proper remedy, including the institution of proceedings for the winding up of the Company in England (but not elsewhere). 

(c)     Subject to applicable law and except as otherwise provided as contemplated by Section 3.01
with respect to any series of Senior Debt Securities, no Holder or Beneficial Owner may exercise, claim or plead any right of set-off, compensation or retention in respect of any amount owed to it by the
Company arising under, or in connection with, the Senior Debt Securities and this Senior Debt Securities Indenture or any supplemental indenture hereto and each Holder and Beneficial Owner shall, by virtue of its holding of any Senior Debt Security,
be deemed to have waived all such rights of set-off, compensation or retention. Notwithstanding the foregoing, if any amounts due and payable to any Holder or Beneficial Owner of the Senior Debt Securities by
the Company in respect of, or arising under, the Senior Debt Securities or this Senior Debt Securities Indenture or any supplemental indenture hereto are discharged by set-off, such Holder or Beneficial Owner
shall, subject to applicable law and except as otherwise provided as contemplated by Section 3.01 with respect to any series of Senior Debt Securities, immediately pay to the Company an amount equal to the amount of such discharge (or, in the
event of its winding-up or administration, the liquidator or administrator of the Company, as the case may be) and, until such time as payment is made, shall hold an amount equal to such amount in trust for
the Company (or the liquidator or administrator of the Company, as the case may be) and, accordingly, any such discharge shall be deemed not to have taken place. By its acquisition of the Senior Debt Securities, each Holder and Beneficial Owner
agrees to be bound by these provisions relating to waiver of set-off. 

(d)     Notwithstanding the foregoing, failure to make any payment in respect of a series of Senior Debt
Securities shall not be a default in respect of such Senior Debt Securities if such payment is withheld or refused (i) in order to comply with any law or regulation or with the order of any court of competent jurisdiction or (ii) in case
of doubt as to the validity or applicability of any such law, regulation or order, in accordance with 

  
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advice given as to such validity or applicability at any time before the expiry of such period of fourteen (14) days by independent legal advisors chosen by the Company and acceptable to the
Trustee (the “Withheld Amount”); provided, however, that the Trustee may by notice to the Company require the Company to take such action (including but not limited to proceedings for a declaration by a court of competent
jurisdiction) as the Trustee may be advised in an Opinion of Counsel, upon which opinion the Trustee may conclusively rely, is appropriate and reasonable in the circumstances to resolve such doubt, in which case the Company shall forthwith take and
expeditiously proceed with such action and shall be bound by any final resolution of the doubt resulting therefrom. If any such action results in a determination that the relevant payment can be made without violating any applicable law, regulation
or order then the provisions of the preceding sentence shall cease to have effect and the payment shall become due and payable on the expiration of fourteen (14) days after the Trustee gives written notice to the Company informing it of such
determination. 
 (e)     In lieu of the Trustee taking the above actions, upon failure to make payment,
if lawful, the Company may place the Withheld Amounts or a sum equal to the Withheld Amounts promptly on interest bearing deposit set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of
the Senior Debt Securities. The Company will give notice if at any time it is lawful to pay any Withheld Amounts to the Holders or holders of Coupons or if such payment is possible as soon as any doubt as to the validity or applicability of the law,
regulation or order is resolved. The notice will give the date on which the Withheld Amount and the interest accrued on it will be paid. This date shall be the earliest day after the day on which it is decided Withheld Amounts can be paid on which
the interest bearing deposit falls due for repayment or may be repaid without penalty. On such date, the Company shall be bound to pay the Withheld Amount together with interest accrued on it, the payment due date. Payment of the Withheld Amounts
will be subject to applicable laws, regulations or court orders, without prejudice to Section 10.04. Interest accrued on any Withheld Amount shall be paid net of any taxes required by applicable law to be withheld or deducted and the Company
shall not be obliged to pay any Additional Amounts in respect of any such withholding or deduction. 

(f)     No recourse for the payment of the principal of (or premium, if any) or interest, if any, on any
Senior Debt Security, or for any claim based thereon or on any Coupon or otherwise in respect thereof or of such Coupon and no recourse under or upon any obligation, covenant or agreement of the Company in this Senior Debt Securities Indenture, or
in any Senior Debt Security or in any Coupon, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, officer or director, past, present or future, of the Company or of any successor
corporation of the Company, either directly or through the Company or any successor corporation of the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, it being
expressly understood that to the extent lawful all such liability is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Senior Debt Securities Indenture and the issue of the Senior Debt
Securities. 

  
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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, winding-up or other judicial proceeding relative to the Company or any other obligor upon the Senior
Debt Securities of any series or to the property of the Company or such other obligor or their creditors (other than under or in connection with a scheme of amalgamation or reconstruction not involving bankruptcy or insolvency), the Trustee
(irrespective of whether the principal of the Senior Debt Securities of such series 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 (and premium, if any) or interest, if any) shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in order to have
claims of the Holders and the Trustee allowed in any such proceeding. In particular, the Trustee shall be authorized to collect and receive any moneys and other property payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder of a Senior Debt Security and each holder of a Coupon to make such payments to the Trustee
and, in the event that the Trustee shall consent to the making of such payments directly to such Holders or holders, 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 to the Trustee under Section 6.07. 
 Subject to Section 3.01, Section 8.03 and
Section 9.02, nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of any Senior Debt Security or any holder of any Coupon any plan of reorganization,
arrangement, adjustment, or composition affecting any Senior Debt Securities or Coupons or the rights of any Holder of any Senior Debt Security or any holder of any Coupon or to authorize the Trustee to vote in respect of the claim of any such
Holder or holder in any such proceeding; provided that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 

Section 5.05 Trustee May Enforce Claims Without Possession of Senior Debt Securities. All rights of action and claim under this
Senior Debt Securities Indenture or the Senior Debt Securities or Coupons may be prosecuted and enforced by the Trustee without the possession of any of the Senior Debt Securities or Coupons or the production thereof in any proceeding relating
thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel be for the ratable benefit of the Holders of the Senior Debt Securities and any holders of Coupons in respect of which such judgment has been recovered. 

Section 5.06 Application of Money Collected. Any money collected by the Trustee pursuant to this Article or, after an Event of
Default, any money or other property distributable in respect of the Company’s obligations under this Senior Debt Securities Indenture in respect of any series of Senior Debt Securities shall be applied in the following order, at the date or
dates fixed by the Trustee and, in case of the distribution of such money or other property on account of principal (and premium, if any) or interest, if any, upon presentation of such Senior Debt Securities and any Coupons and the notation thereon
of the payment if only partially paid and upon surrender thereof if fully paid: 

  
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 FIRST: To the payment of all amounts applicable to such series of Senior Debt Securities in
respect of which or for the benefit of which such money or other property has been collected or is distributable to the Trustee (including any predecessor trustee) under Section 6.07; 

SECOND: To the payment of the amounts then due and unpaid for principal of (and premium, if any) and interest, if any, on such series of
Senior Debt Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Senior Debt Securities for principal (and
premium, if any) and interest, if any, respectively; and 
 THIRD: To the payment of the balance, if any, to the Company or as a court of
competent jurisdiction may direct. 
 Section 5.07 Limitation on Suits. No Holder of any Senior Debt Security of any series or
holder of any Coupon shall have any right to institute any proceeding, judicial or otherwise, with respect to this Senior Debt Securities Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

(a)     such Holder has previously given written notice to the Trustee of a continuing Event of Default
with respect to Senior Debt Securities of the same series specifying such Event of Default and stating that such notice is a “Notice of Default” hereunder; 

(b)     the Holders of not less than 25% in aggregate principal amount of the Outstanding Senior Debt
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 of a Senior Debt Security or holder of a Coupon has offered to the Trustee security or
indemnity satisfactory to the Trustee in its sole discretion against the costs, expenses and liabilities to be incurred in compliance with such request; 

(d)     the Trustee for sixty (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 sixty day (60-day) period by the Holders of a majority in principal amount of the Outstanding Senior Debt Securities of such series; 

it being understood and intended that no one or more Holders of Senior Debt Securities of a particular series or holders of Coupons
appertaining thereto shall have any right in any manner whatever by virtue of, or by availing of any provision of this Senior Debt Securities Indenture to affect, disturb or prejudice the rights of any other such Holders or holders, or to obtain or
to seek to obtain priority or preference over any other such Holders or holders or to enforce any right under this Senior Debt Securities Indenture, except in the manner herein provided and for the equal and ratable benefit of all Holders of Senior
Debt Securities of such series or holders of such Coupons. 

  
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 Section 5.08 Unconditional Right of Holders to Receive Principal, Premium and Interest,
if any. To the extent required by the Trust Indenture Act but otherwise notwithstanding any other provision in this Senior Debt Securities Indenture, the Holder of any Senior Debt Security or the holder of any Coupon appertaining thereto shall
have the right, which is absolute and unconditional, to receive (subject to Section 3.07) payment of the principal of (and premium, if any) and interest, if any, on such Senior Debt Security on the respective Stated Maturities as expressed in
such Senior Debt Security or Coupon (or, in the case of redemption, on or after the Redemption Date), and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder or holder.

 Section 5.09 Restoration of Rights and Remedies. If the Trustee or any Holder of any Senior Debt Security or the holder of
any Coupon has instituted any proceeding to enforce any right or remedy under this Senior Debt Securities Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such
Holder or holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders of Senior Debt Securities and the holders of Coupons shall be restored severally and respectively to their
former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders of Senior Debt Securities and the holders of Coupons shall continue as though no such proceeding had been instituted. 

Section 5.10 Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Senior Debt Securities or Coupons in the last paragraph of Section 3.06, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Senior Debt Securities or holders of Coupons 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 Senior Debt Security or
holder of any Coupon to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this
Article or by law to the Trustee or to the Holders of Senior Debt Securities or holders of any Coupons may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders of Senior Debt Securities or holders
of any Coupons, as the case may be. 
 Section 5.12 Control by Holders. The Holders of a majority in aggregate principal amount
of the Outstanding Senior Debt 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 Senior Debt Securities of such series, provided that 

  
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 (a)     such direction shall not be in conflict with any rule
of law or with this Senior Debt Securities Indenture, as determined by the Trustee in its sole discretion; 

(b)     such direction shall not be unjustly prejudicial to the Holders of any Senior Debt Securities of
such series not taking part in the direction, as determined by the Trustee in its sole discretion; 

(c)     the Trustee may take any other action deemed proper by the Trustee which is consistent with such
direction; and 
 (d)     no provision herein shall be deemed to require the Trustee to take any action
or forebear from any action directed by Holders unless the Trustee has received security and/or indemnity satisfactory to it in its sole discretion. 

Section 5.13 Waiver of Certain Past Events of Default. 

(a)     The Trustee may (but is not obligated to) without prejudice to its rights in respect of any
subsequent Event of Default from time to time and at any time waive any Event of Default or authorize any proposed Event of Default by the Company, provided that in its opinion the interests of the Holders shall not be materially prejudiced
thereby and, provided, further, that the Trustee shall not exercise any powers conferred on it by this clause in contravention of any notice in writing to the Company and the Trustee made pursuant to Section 5.02 hereof but so
that no such notice shall affect any waiver or authorization previously given or made. 
 (b)     In
addition, the Holders of not less than a majority in aggregate principal amount of the Outstanding Senior Debt Securities of any series may on behalf of the Holders of all the Senior Debt Securities of such series and holders of related Coupons
waive any past Event of Default hereunder with respect to such series and its consequences, except an Event of Default 

(i)     in the payment of the principal of (or premium, if any) or interest, if any on any Senior Debt
Security of such series, or 
 (ii)     in respect of a covenant or provision hereof which under Article
Nine cannot be modified or amended without the consent of the Holder of each Outstanding Senior Debt Security of such series affected. 

(c)     Upon the occurrence of any waiver permitted by paragraphs (a) or (b) above, such Event of
Default shall cease to exist, and any Event of Default with respect to any series arising therefrom shall be deemed to have been cured and not to have occurred for every purpose of this Senior Debt Securities Indenture, but no such waiver shall
extend to any subsequent or other Event of Default or impair any right consequent thereon. 

  
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 Section 5.14 Undertaking for Costs. All parties to this Senior Debt Securities
Indenture agree, and each Holder of any Senior Debt Security and each holder of any Coupon by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy
under this Senior Debt Securities Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant to such suit of an undertaking to pay the costs of such suit, and that such
court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the
provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder or group of Holders holding in the aggregate more than 10% in principal amount of the Outstanding Senior Debt Securities of any
series, or to any suit instituted by any Holder or holder of a Coupon for the enforcement of the payment of the principal of (or premium, if any) or interest, if any, on any Senior Debt Security on or after the respective Stated Maturities expressed
in such Senior Debt Security or Coupon (or, in the case of redemption, on or after the Redemption Date). 
 Section 5.15 Waiver of
Usury, 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 usury, stay or
extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Senior Debt Securities Indenture; and the Company (to the extent it may lawfully do so) hereby expressly waives all
benefit or advantage of any such law and covenants that it will not 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. 
 ARTICLE 6 

THE TRUSTEE 

Section 6.01 Certain Duties and Responsibilities. The duties and responsibilities of the Trustee shall be as provided by the Trust
Indenture Act and this Senior Debt Securities Indenture. Notwithstanding the foregoing, no provision of this Senior Debt Securities 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. Whether or not therein expressly so provided, every provision of this Senior Debt Securities 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. 
 (a)     Except during the continuance of an Event of Default, 

(i)     the Trustee undertakes to perform such duties and only such duties as are specifically set forth in
this Senior Debt Securities Indenture, and no implied covenants or obligations shall be read into this Senior Debt Securities Indenture against the Trustee; and 

  
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 (ii)     in the absence of bad faith on its part, the Trustee
may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Senior Debt Securities 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 Senior Debt Securities Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 

(b)     In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the
rights and powers vested in it by this Senior Debt Securities Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

(c)     No provision of this Senior Debt Securities 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; and 

(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 Senior Debt Securities of any series. 

Section 6.02 Notice of Defaults. Within ninety (90) days after the occurrence of any default hereunder with respect to Senior
Debt Securities of any series, the Trustee shall transmit in the manner and to the extent provided in Section 1.06 to Holders of Senior Debt Securities of such series notice of such default as and to the extent provided by the Trust Indenture
Act; provided, however, that (i) in the case of any default of the character specified in Section 5.01(4) with respect to Senior Debt Securities of such series, no such notice to Holders shall be given until at least ten
(10) days after the occurrence thereof and (ii) the Trustee shall be protected in withholding such notice if a trust committee of Responsible Officers of the Trustee determine in good faith that the withholding of such notice is in the
interest of the Holders of Senior Debt Securities of such series. For the purpose of this Section 6.02, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default with
respect to Senior Debt Securities of such series. 

  
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 Section 6.03 Certain Rights of Trustee. Subject to the provisions of
Section 6.01: 
 (a)     the Trustee may conclusively rely and shall be protected in acting or
refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other evidence of indebtedness 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 action or resolution of the Board of Directors of the Company or delegates thereof shall be sufficiently evidenced by a Board
Resolution or Delegated Person Resolution, as applicable; 
 (c)     whenever in the administration of
this Senior Debt Securities 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 of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, 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 Senior Debt Securities Indenture at the request or direction of any of the Holders pursuant to this Senior Debt Securities Indenture, unless such Holders shall have offered to the Trustee security or indemnity
satisfactory to the Trustee in its sole discretion against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 

(f)     the Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make
such further inquiry or investigation into such facts or matters as it may see fit and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; provided that the Company shall not be required to
disclose such information which the Company is prevented from disclosing as a matter of law or contract; 

(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 liable for any action taken 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 Senior Debt Securities Indenture; 

  
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 (i)     in no event shall the Trustee be responsible or
liable to the Company for punitive damages or any special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of
such loss or damage and regardless of the form of action; 
 (j)     the Trustee shall not be deemed to
have notice or actual knowledge of any Event of Default or event which, with the passage of time or giving of notice or both, would constitute an Event of Default, unless written notice of any event which is in fact such an event or Event of
Default, as the case may be, is received by a Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Senior Debt Securities and this Senior Debt Securities Indenture; 

(k)     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 Person acting as Trustee in each of its other capacities hereunder; 

(l)     the Trustee may request that the Company deliver a certificate setting forth the names of
individuals and titles of officers authorized to take specified actions pursuant to this Senior Debt Securities Indenture; and 

(m)     money held by the Trustee and any Paying Agent in trust hereunder may be held uninvested and the
Trustee and any Paying Agent shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company. 

Section 6.04 Not Responsible for Recitals or Issuance of Senior Debt Securities. The recitals contained herein and in the Senior
Debt Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Company, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no
representations as to the validity or sufficiency of this Senior Debt Securities Indenture or of the Senior Debt Securities or Coupons, except that the Trustee represents and warrants that it has duly authorized, executed and delivered this Senior
Debt Securities Indenture. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Senior Debt Securities or the proceeds thereof. 

Section 6.05 May Hold Senior Debt Securities. The Trustee, any Authenticating Agent, any Paying Agent, any Senior Debt Security
Registrar and any Calculation Agent or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Senior Debt Securities or Coupons 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, Senior Debt Security Registrar, Calculation Agent or such other agent. 

Section 6.06 Money Held in Trust. Money held by the Trustee in trust hereunder 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. 

  
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 Section 6.07 Compensation and Reimbursement. The Company agrees 

(a)     to pay to the Trustee from time to time such compensation for all services rendered by it hereunder
as agreed in writing by the Company from time to time (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 Senior Debt Securities Indenture (including the reasonable compensation and the expenses and disbursements of its agents and
counsel), except any such expense, disbursement or advance as may be attributable to its negligence or bad faith; 

(c)     to indemnify the Trustee, its directors, officers, employees and agents, and any predecessor
Trustee for, and to hold it harmless against, any loss, claim, damage, liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder,
including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder but excluding any tax liabilities of the Trustee based upon, measured by or
determined by the income of the Trustee; 
 (d)     the Trustee shall notify the Company in writing of
the commencement of any action or claim in respect of which indemnification may be sought promptly after the Trustee becomes aware of such commencement (provided that the failure to make such notification shall not affect the Trustee’s rights
hereunder) and the Company shall be entitled to participate in, and to the extent it shall wish, to assume the defense thereof, including the employment of counsel reasonably satisfactory to the Trustee; provided, however, that if the
Trustee determines that an actual or potential conflict of interest exists then the Trustee shall be entitled to retain separate counsel and the Company shall pay the fees and expenses of such counsel. The Trustee shall not compromise or settle any
such action or claim without the written consent of the Company, which consent shall not be unreasonably withheld; and 

(e)     as security for the performance of the obligations of the Company under this Section 6.07, the
Trustee shall have a senior claim, to which the Senior Debt Securities are hereby made subordinate, upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (or premium, if any)
or interest, if any, on the Senior Debt Securities. 
 The provisions of this Section 6.07 shall survive the satisfaction and discharge
of this Senior Debt Securities Indenture, the termination of this Senior Debt Securities Indenture for any reason or the earlier resignation or removal of the Trustee and any exercise of the U.K. Bail-in Power by the Relevant U.K. Resolution
Authority with respect to any series of Senior Debt Securities. 

  
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 In addition to, but without prejudice to its other rights under this Senior Debt Securities
Indenture, when the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 5.01(2), the expenses (including the reasonably and properly incurred charges and expenses of its counsel) and the
compensation for the services are intended to constitute expenses of administration under any applicable U.K., U.S. federal, U.S. state or European bankruptcy, insolvency or other similar law. 

“Trustee” for purposes of this Section shall include any predecessor Trustee; provided, however, that the negligence,
willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 
 Section 6.08
Disqualification; Conflicting Interests. If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner
provided by, and subject to the provisions of, the Trust Indenture Act and this Senior Debt Securities Indenture. 
 Section 6.09
Corporate Trustee Required; Eligibility. There shall at all times be a Trustee hereunder with respect to each series which shall 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 exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by Federal or State or District of Columbia authority
and, if there be such corporation willing and able to act as trustee on reasonable and customary terms, having its corporate trust office or agency in the Borough of Manhattan, The City of New York. If such corporation 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 corporation shall be deemed to be its combined capital and surplus
as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter
specified in this Article. 
 Section 6.10 Resignation and Removal; Appointment of Successor. (a) No resignation or removal
of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11. 

(b)     The Trustee may resign at any time with respect to the Senior Debt Securities of one or more series
by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the Trustee within thirty (30) days after the giving of such notice of
resignation or notice of removal as described below, the resigning or removed Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Senior Debt Securities of such series. 

  
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 (c)     The Trustee may be removed at any time with respect
to the Senior Debt Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Senior Debt Securities of such series delivered to the Trustee and to the Company. 

(d)     If at any time: 

(i)     the Trustee shall fail to comply with Section 6.08 after written request therefor by the
Company or by any Holder who has been a bona fide Holder of a Senior Debt Security of the series as to which the Trustee has a conflicting interest for at least six (6) months, or 

(ii)     the Trustee shall cease to be eligible under Section 6.09 and shall fail to resign after
written request therefor by the Company or by any Holder who has been a bona fide Holder of a Senior Debt Security for at least six (6) months, or 

(iii)     the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a
receiver of the Trustee or of its property shall be appointed or any public officer shall take charge, or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (x) the Company by a Board Resolution or a Delegated Person Resolution may remove the Trustee with respect to any
or all series of Senior Debt Securities or (y) subject to Section 5.14, any Holder who has been a bona fide Holder of a Senior Debt Security for at least six (6) months (and, in the case of Section 6.10(c)(i) above, who is a
Holder of a Senior Debt Security of the series as to which the Trustee has a conflicting interest) may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect
to all Senior Debt Securities and the appointment of a successor Trustee or Trustees. 
 (e)     If the
Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Senior Debt Securities of one or more series, the Company, by a Board Resolution or a Delegated
Person Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Senior Debt Securities of such series (it being understood that any successor Trustee may be appointed with respect to the Senior Debt Securities of one or
more or all of such series and at any time there shall be only one Trustee with respect to the Senior Debt Securities of any particular series), and shall comply with the applicable requirements of Section 6.11. If, within one (1) year
after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Senior Debt Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the
Outstanding Senior Debt 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 in accordance with the applicable requirements of
Section 6.11, become the successor Trustee with respect to the 

  
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Senior Debt Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Senior Debt Securities of any series
shall have been so appointed by the Company or the Holders of Senior Debt Securities of such series and accepted appointment in the manner hereinafter required by Section 6.11, any Holder who has been a bona fide Holder of a Senior Debt
Security of such series for at least six (6) months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Senior Debt Securities
of such series. 
 (f) The Company shall give notice of each resignation and each removal of the Trustee with respect to the
Senior Debt Securities of any series and each appointment of a successor Trustee with respect to the Senior Debt Securities of any series in the manner and to the extent provided in Section 1.06. Each notice shall include the name of the
successor Trustee with respect to the Senior Debt Securities of such series and the address of its Corporate Trust Office. 

Section 6.11 Acceptance of Appointment by Successor. 

(a)     In case of the appointment hereunder of a successor Trustee with respect to all Senior Debt
Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall
become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such
retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee, all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor
Trustee all property and money held by such retiring Trustee hereunder, subject to the senior claim provided for in Section 6.07(e). 

(b)     In case of the appointment hereunder of a successor Trustee with respect to the Senior Debt
Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Senior Debt Securities of such series shall execute and deliver an indenture supplemental hereto wherein each successor
Trustee shall accept such appointment and which (5) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Senior Debt Securities of such series to which the appointment of such successor Trustee relates, (6) if the retiring Trustee is not retiring with respect to all Senior Debt Securities, shall contain such provisions
as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Senior Debt Securities of such series as to which the retiring Trustee is not retiring shall continue to
be vested in the retiring Trustee, and (7) shall add to or change any of the provisions of this Senior Debt Securities Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees 

  
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 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; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to
the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Senior Debt Securities of such
series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such
retiring Trustee hereunder with respect to the Senior Debt Securities of such series to which the appointment of such successor Trustee relates. 

(c) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly
vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 

(d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be
qualified and eligible under this Article. 
 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 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 Senior Debt 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 Senior Debt Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Senior Debt Securities. 

Section 6.13 Preferential Collection of Claims. If and when the Trustee shall be or become a creditor of the Company (or any other
obligor upon the Senior Debt Securities of a series), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 

Section 6.14 Appointment of Authenticating Agent. The Trustee may at any time appoint an Authenticating Agent or Agents with
respect to one or more series of Senior Debt Securities which shall be authorized to act on behalf of the Trustee to authenticate Senior Debt Securities of such series upon original issue, or issued upon exchange, registration of transfer or partial
redemption thereof or in lieu of destroyed, lost or stolen Senior Debt Securities, and Senior Debt Securities so authenticated shall be entitled to the benefits of this Senior Debt Securities Indenture and shall be valid and obligatory for all
purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Senior Debt Securities Indenture to the authentication and delivery of Senior Debt Securities by the Trustee or the Trustee’s certificate

  
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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 or national banking association 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 Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State or
District of Columbia 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 or national banking association into which an Authenticating Agent may be merged or converted or with which it may be
consolidated, or any corporation or national banking association resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation or national banking association succeeding to the
corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation or national banking association 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 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 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 may appoint a successor Authenticating Agent which
shall be acceptable to the Company and shall give notice to the Holders of Senior Debt Securities in the manner and to the extent provided in Section 1.06. 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. 
 If an appointment with respect to one or more series is made pursuant to this Section, the Senior Debt Securities of such series
may have endorsed thereon, in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 

CERTIFICATE OF AUTHENTICATION 

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

  
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Dated:                     

 

			
	 THE BANK OF NEW YORK MELLON,

as Trustee

		
	By:	 	  

		 	as Authenticating Agent
		
	By:	 	  

		 	Authorized Signatory

 If all of the Senior Debt Securities of a series may not be originally issued at one time, and if the
Trustee does not have an office capable of authenticating Senior Debt Securities upon original issuance located in a Place of Payment where the Company wishes to have Senior Debt Securities of such series authenticated upon original issuance, the
Trustee, if so requested by the Company in writing (which writing need not comply with Section 1.02 and need not be accompanied by an Opinion of Counsel), shall appoint in accordance with this Section an Authenticating Agent having an office in
a Place of Payment designated by the Company with respect of such series of Senior Debt Securities. 
 ARTICLE 7 

HOLDERS LISTS AND REPORTS BY TRUSTEE
AND COMPANY 
 Section 7.01 Company to Furnish Trustee Names and Addresses of Holders. The
Company, with respect to any series of Senior Debt Securities in registered form, will furnish or cause to be furnished to the Trustee 

(a)    not more than fifteen (15) days after each Regular Record Date (or after each of the dates to
be specified for such purpose for non-interest bearing Senior Debt Securities and Senior Debt Securities on which interest is paid less frequently than quarterly as contemplated by Section 3.01), a list,
in such form as the Trustee may reasonably require, of the names and addresses of the Holders of registered Senior Debt Securities as of such Regular Record Date or such specified date, and 

(b)    at such other times as the Trustee may request in writing, within thirty (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 fifteen (15) days prior to the time such list is furnished. 

The Company need not furnish or cause to be furnished to the Trustee pursuant to this Section 7.01 the names and addresses of Holders of
registered Senior Debt Securities so long as the Trustee acts as Senior Debt Security Registrar with respect to such series of Senior Debt Securities. 

  
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 Section 7.02 Preservation of Information; Communications to Holders. (a)The Trustee
shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders (i) contained in the most recent list furnished to the Trustee as provided in Section 7.01 and (ii) received by the Trustee in its
capacity as Paying Agent or Senior Debt 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. 

(b)    The rights of the Holders of Senior Debt Securities of any series to communicate with other Holders
with respect to their rights under this Senior Debt Securities Indenture or under the Senior Debt Securities, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 

(c)    Every Holder, by receiving and holding a Senior Debt Security, agrees with the Company and the
Trustee that neither the Company nor the Trustee nor any agent of any of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders in accordance with Section 7.02(a). 

Section 7.03 Reports by Trustee. (a) So long as any Senior Debt Securities are Outstanding hereunder, the Trustee shall
transmit to Holders as provided in the Trust Indenture Act such reports dated as of such dates as are required by and in compliance with the Trust Indenture Act. Reports so required to be transmitted at stated intervals of not more than twelve
(12) months shall be transmitted on or before June 1 in each year following the date hereof. 

(b)    A copy of each such report shall, at the time of such transmission to Holders, be filed by the
Trustee with each securities exchange upon which the Trustee has been notified that the Senior Debt Securities are listed, with the Commission and with the Company. The Company will notify the Trustee when Senior Debt Securities are listed on any
securities exchange or are delisted therefrom. 
 (c)    The Company will furnish the Trustee with
interim and annual reports. In addition, the Company will furnish the Trustee with all notices of meetings at which Holders of Senior Debt Securities of a particular series are entitled to vote, and all other reports and communications that are made
generally available to Holders of Senior Debt Securities. The Trustee will, at the Company’s expense, make such notices, reports and communications available for inspection by Holders of Senior Debt Securities in such manner as the Company may
determine and, in the case of any notice received by the Trustee in respect of any meeting at which Holders of Senior Debt Securities of a particular series are entitled to vote, will deliver to all such record Holders of Senior Debt Securities, at
the Company’s expense, a notice containing a summary prepared by the Company of the information set forth in such notice of meeting. 

  
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 Section 7.04 Reports by Company. The Company shall: 

(a)    file with the Trustee, within fifteen (15) days after the Company is required to file the same
with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company
may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to file information, documents or reports pursuant to either of such Sections, then it shall file
with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13
of the Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(b)    file with the Trustee and the Commission, in accordance with rules and regulations prescribed from
time to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Senior Debt Securities Indenture as may be required from time to time by such
rules and regulations; and 
 (c)    transmit to Holders, in the manner and to the extent required by the
Trust Indenture Act, within thirty (30) days after the filing thereof with the Trustee, such summaries of any information, documents and reports required to be filed by the Company pursuant to paragraphs (a) and (b) of this Section as may
be required by rules and regulations prescribed from time to time by the Commission. 
 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 actual or constructive knowledge or 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 8 

CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER 

Section 8.01 Company May Consolidate, etc. Only on Certain Terms. The Company may, without the consent of Holders of any Senior
Debt Securities of any series Outstanding under this Senior Debt Securities Indenture, consolidate or amalgamate with or merge into any other Person or convey or transfer or lease its properties and assets substantially as an entirety to any Person,
provided that: 
 (a)    the Person formed by such consolidation or amalgamation or into which the
Company is merged or the Person which acquires by conveyance or transfer or which leases the properties and assets of the Company substantially as an entirety shall expressly assume, by an indenture supplemental hereto, executed and delivered to the
Trustee, in form satisfactory to the Trustee, the obligations of the Company to duly and punctually pay the principal of (and premium, if any, on) and interest, if any, on all series of the Senior Debt Securities, if and to the extent due and
payable in accordance with the terms of such Senior Debt Securities, any Coupons appertaining thereto and this Senior Debt Securities Indenture and the performance or observance of every covenant of this Senior Debt Securities Indenture on the part
of the Company to be performed or observed; 

  
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 (b)    immediately after giving effect to such transaction
and treating any indebtedness which becomes an obligation of the Company or any Subsidiary thereof as a result of such transaction as having been incurred by the Company or such Subsidiary at the time of 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, amalgamation, merger, conveyance or transfer or lease and such supplemental indenture 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, amalgamation or merger or any conveyance or
transfer or lease 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 amalgamation or into which the Company is merged or the Person 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 Senior Debt Securities Indenture with the same effect as if such successor Person had been named as
the Company herein, and thereafter, the predecessor Person shall be relieved of all obligations and covenants under this Senior Debt Securities Indenture, the Senior Debt Securities and the Coupons, if any. 

Section 8.03 Assumption of Obligations. Subject to applicable law and regulation, with respect to the Senior Debt Securities of
any series, a wholly-owned Subsidiary of the Company (a “successor entity”) may without the consent of any Holder assume the obligations of the Company (or any Person which shall have previously assumed the obligations of the Company) to
duly and punctually pay the principal of (and premium, if any, on) and interest, if any, on any series of Senior Debt Securities if and to the extent due and payable in accordance with the terms of such Senior Debt Securities, any Coupons
appertaining thereto and this Senior Debt Securities Indenture and the performance of every covenant of this Senior Debt Securities Indenture and such series of Senior Debt Securities on the part of the Company to be performed or observed,
provided that: 
 (a)    the successor entity shall expressly assume such obligations by an
amendment to the Senior Debt Securities Indenture, executed by the Company and such successor entity, if applicable, and delivered to the Trustee, in form satisfactory to the Trustee, and the Company shall, by amendment to this Senior Debt
Securities Indenture, irrevocably guarantee all of the obligations of such successor entity under the Senior Debt Securities of such series and this Senior Debt Securities Indenture as so modified by such amendment (provided, however,
that, for the purposes of the Company’s obligation to pay Additional Amounts, if any, payable pursuant to Section 10.04 in respect of the Senior Debt Securities and any related Coupons, references to such successor entity’s country of
organization will be added to references to the United Kingdom); 

  
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 (b)    such successor entity shall confirm in such amendment
to this Senior Debt Securities Indenture that such successor entity will pay all Additional Amounts, if any, payable pursuant to Section 10.04 in respect of all the Senior Debt Securities and any related Coupons (provided,
however, that for these purposes such successor entity’s country of organization will be substituted for the references to the United Kingdom); 

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

(d)    the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel,
each stating that such assumption complies with this Article and that all conditions precedent herein provided for relating to such assumption have been complied with. 

Upon any such assumption, the successor entity shall succeed to, and be substituted for, and may exercise every right and power of, the
Company under this Senior Debt Securities Indenture with respect to any such Senior Debt Securities with the same effect as if such successor entity had been named as the Company in this Senior Debt Securities Indenture, and the Company or any legal
and valid successor corporation which shall theretofore have become such in the manner prescribed herein, shall be released from all liability as obligor upon any such Senior Debt Securities except as provided in clause (a) of this Section.

 In the event of any such assumption, any Additional Amounts, if any, payable pursuant to Section 10.04 will be payable in respect of
Taxes imposed by the jurisdiction in which the successor entity is organized (subject to exceptions equivalent to those that apply to any obligation to pay Additional Amounts in respect of Taxes imposed by any Taxing Jurisdiction) rather than Taxes
imposed by any Taxing Jurisdiction; provided, however, that if the Company makes payment under the guarantee, the Company shall be required to pay Additional Amounts related to Taxes (subject to the exceptions set forth in
Section 10.04) imposed by any Taxing Jurisdiction by reason of such payments. 
 ARTICLE 9 

SUPPLEMENTAL INDENTURES 

Section 9.01 Supplemental Indentures Without Consent of Holders. Without the consent of any Holders, the Company, when authorized
by, or pursuant to, a Board Resolution or Delegated Person Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following
purposes: 
 (a)    to evidence the succession of another Person to the Company and the assumption by
any such successor of the covenants of the Company herein and in the Senior Debt Securities and Coupons, to the extent otherwise permitted under this Senior Debt Securities Indenture or any supplement hereto; or 

  
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 (b)    to add to the covenants of the Company for the benefit
of the Holders of all or any series of Senior Debt Securities (and, if such covenants are to be for the benefit of less than all series of Senior Debt Securities, stating that such covenants are expressly being included solely for the benefit of
such series) or to surrender any right or power herein conferred upon the Company; or 
 (c)    to add
any additional Events of Default for the benefit of the Holders of all or any series of Senior Debt Securities (and, if such additional Events of Default are to be for the benefit of less than all series of Senior Debt Securities, stating that such
additional Events of Default are expressly being included solely for the benefit of such series); or 

(d)    subject to Section 9.02 hereof, to add to, change or eliminate any of the provisions of this
Senior Debt Securities Indenture or any supplemental indenture, provided that any such addition, change or elimination shall become effective only when there is no Senior Debt Security Outstanding of any series created prior to the execution
of such supplemental indenture effecting such addition, change or elimination which is entitled to the benefit of such provision; or 

(e)    to secure the Senior Debt Securities; or 

(f)    to establish the form or terms of Senior Debt Securities of any series and any Coupons appertaining
thereto as permitted by Sections 2.01 and 3.01; or 
 (g)    to change any Place of Payment, so long as
the Place of Payment as required by Section 3.01(l) is maintained; or 
 (h)    to cure any
ambiguity or to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein or in any supplemental indenture, provided that such action shall not adversely affect the interests of the
Holders of Senior Debt Securities of any series in any material respect; or 
 (i) to make any other provisions with respect
to matters or questions arising under this Senior Debt Securities Indenture, provided such action shall not adversely affect the interests of the Holders of Senior Debt Securities of any series in any material respect; or 

(j)    to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with
respect to the Senior Debt Securities of one or more series and to add to or change any of the provisions of this Senior Debt Securities Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, pursuant to the requirements of Section 6.11(b); or 
 (k)    to change or
eliminate any provision of this Senior Debt Securities Indenture as permitted by Section 1.07. 
 Section 9.02 Supplemental
Indentures with Consent of Holders. With the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Senior Debt Securities of each series affected by such supplemental Senior Debt Securities Indenture

  
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(voting as a class), by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by, or pursuant to, a Board Resolution or Delegated Person 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 Senior Debt Securities Indenture or of modifying in any manner
the rights of the Holders of Senior Debt Securities of such series under this Senior Debt Securities Indenture; provided, however, that no such supplemental indenture may, without the consent of the Holder of each Outstanding Senior
Debt Security affected thereby, 
 (a)    change the Stated Maturity, if any, of any principal amount or
any interest amounts in respect of any such Senior Debt Security, or reduce the principal amount thereof, or the rate of interest, if any, thereon, or any premium payable upon the redemption thereof, or reduce the amount of principal of an Original
Issue Discount Security that would be due and payable upon an acceleration of the Maturity thereof pursuant to Section 5.02, or change the obligation of the Company (or its successor) to pay Additional Amounts pursuant to Section 10.04
(except as contemplated by Section 8.01(a) and permitted by Section 9.01(a)) on the Senior Debt Securities, or change any Place of Payment where, or the currency in which the principal amount of, premium, if any, or interest on, any such
Senior Debt Security is payable or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date); or 

(b)    reduce the percentage in aggregate principal amount of the Outstanding Senior Debt 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 Senior Debt Securities Indenture or of certain defaults
hereunder and their consequences) provided for in this Senior Debt Securities Indenture; or 

(c)    change any obligation of the Company to maintain an office or agency in the places and for the
purposes specified in Section 10.02; or 
 (d)    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 Senior Debt Securities Indenture cannot be modified or waived without the consent of the Holder of each Outstanding
Senior Debt Security affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to the “Trustee” and concomitant changes in this
Section, or the deletion of this proviso, in accordance with the requirements of Sections 6.11(b) and 9.01(j); or 

(e)    change in any manner adverse to the interests of the Holders of any Senior Debt Securities the terms
and conditions of the obligations of the Company in respect of the due and punctual payment of any amounts due and payable on the Senior Debt Securities in accordance with their terms. 

  
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 It shall not be necessary for any Act of Holders under this Section to approve the particular
form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 A supplemental
indenture which changes or eliminates any covenant or other provision of this Senior Debt Securities Indenture which has expressly been included solely for the benefit of one or more particular series of Senior Debt Securities, or which modifies the
rights of the Holders of Senior Debt Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Senior Debt Securities Indenture of the Holders of Senior Debt Securities of any
other series. 
 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 Senior Debt Securities Indenture, the Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected
in relying upon, an Officer’s Certificate and Opinion of Counsel in compliance with Section 1.02 hereof, stating that the execution of such supplemental indenture is authorized or permitted by this Senior Debt Securities Indenture. The
Trustee may, but shall not be obliged to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Senior Debt Securities Indenture or otherwise. 

Section 9.04 Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this Article, this Senior
Debt Securities Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Senior Debt Securities Indenture for all purposes; and every Holder of Senior Debt Securities theretofore or thereafter
authenticated and delivered hereunder and every holder of Coupons, if any, shall be bound thereby, except as otherwise expressed 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 Senior Debt Securities to Supplemental
Indentures. Senior Debt Securities of any series 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 prepared by the Company and
acceptable to the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Senior Debt Securities of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such
supplemental indenture may be prepared and executed by the Company and such Senior Debt Securities may be authenticated and delivered by the Trustee in exchange for Outstanding Senior Debt Securities of such series. 

  
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 ARTICLE 10 

COVENANTS 

Section 10.01 Payment of Principal, Premium, and Interest. The Company covenants and agrees for the benefit of each series of
Senior Debt Securities that it will (subject to Section 3.07) duly and punctually pay the principal of (and premium, if any) and interest, if any, on the Senior Debt Securities of that series if and to the extent due and payable in accordance
with the terms of the Senior Debt Securities, any Coupons appertaining thereto and this Senior Debt Securities Indenture. 

Section 10.02 Maintenance of Office or Agency. The Company will maintain in each Place of Payment for any series of Senior Debt
Securities an office or agency where Senior Debt Securities of that series and any Coupons appertaining thereto may be presented or surrendered for payment, where Senior Debt Securities of that series may be surrendered for registration of transfer
or exchange and where notices and demands to or upon the Company in respect of the Senior Debt Securities of that series and any Coupons appertaining thereto and this Senior Debt Securities Indenture may be served; provided, however,
that at the option of the Company in the case of registered Senior Debt Securities of such series, payment of any interest thereon may be made by check mailed to the address of the Person entitled herein as such address shall appear in the Senior
Debt Security Register, unless such person requests payment by wire transfer pursuant to Section 3.07. With respect to the Senior Debt Securities of any series, such office or agency in each Place of Payment shall be specified as contemplated
by Section 3.01, and if not so specified, initially shall be the Corporate Trust Office of the Trustee. Unless otherwise specified pursuant to Section 3.01, the Company will maintain in the Borough of Manhattan, The City of New York, an
office or agency where notices and demands to or upon the Company in respect of Senior Debt Securities of any series and any Coupons appertaining thereto and this Senior Debt Securities Indenture may be served. The Company will give prompt written
notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all presentations, surrenders, notices and demands. 

The Company may also from time to time designate one or more other offices or agencies (in or outside the Borough of Manhattan, The City of
New York) where the Senior Debt Securities of one or more series and any Coupons appertaining thereto may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however,
that no such designation or rescission shall in any manner relieve the Company of any obligation to maintain an office or agency in each Place of Payment (except as otherwise indicated in this Section) for Senior Debt Securities of any series and
any Coupons appertaining thereto for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

Section 10.03 Money for Payments to Be Held in Trust. If the Company shall at any time act as Paying Agent with respect to the
Senior Debt Securities of any series and any Coupons appertaining thereto, it will, on or before each due date for payment of the principal of (and premium, if any) or interest, if any, on any of the Senior Debt Securities of that series, segregate
and hold in trust for the benefit of the Persons entitled thereto in accordance with the provisions of this Senior Debt Securities Indenture a sum sufficient to pay the principal (and premium, if any) or interest, if any, 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 failure so to act. 

  
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 Whenever the Company shall have one or more Paying Agents for any series of Senior Debt
Securities, it will, prior to each due date for payment of the principal of (and premium, if any) or interest, if any, on any Senior Debt Securities of that series, deposit with a Paying Agent a sum sufficient to pay the principal (and premium, if
any) or interest, if any, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest in accordance with the provisions of this Senior Debt Securities Indenture, and (unless such
Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or its failure so to act. The Company will cause each Paying Agent for any series of Senior Debt Securities other than the Trustee to execute and deliver to the
Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 

(a)    comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and hold
all sums held by it for the payment of the principal of (and premium, if any) or interest, if any, on Senior Debt Securities of that series in trust for the benefit of the Persons entitled thereto in accordance with the provisions of this Senior
Debt Securities Indenture until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 

(b)    give the Trustee timely notice of any default by the Company (or any other obligor upon the Senior
Debt Securities of that series) in the making of any payment, when due and payable, or principal of (and premium, if any) or interest, if any, on Senior Debt Securities of that 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 the time, for the purpose of obtaining
the satisfaction and discharge of this Senior Debt Securities Indenture 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, 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, if any, on any Senior Debt Security of any series and remaining unclaimed for two (2) years after any such principal (and premium, if any) or interest, if any, have 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 Senior Debt Security and the holder of any Coupon appertaining thereto shall thereafter, as an unsecured
general creditor, look only to the Company 

  
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for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease;
provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published at least once, in Authorized Newspapers, published in the Borough of
Manhattan, The City of New York and London, England, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than thirty (30) days from the date of such publication, any unclaimed balance of
such money then remaining will be paid to the Company. 
 Section 10.04 Additional Amounts. 

(a)    Unless otherwise specified in the terms of Senior Debt Securities of a series in accordance with
Section 3.01, the Company will pay any amounts to be paid by the Company on any series of Senior Debt Securities without deduction or withholding for, or on account of, any and all present or future income, stamp and other taxes, levies,
imposts, duties, charges, fees, deductions or withholdings (“Taxes”) now or hereafter imposed, levied, collected, withheld or assessed by or on behalf of the United Kingdom or any political subdivision or authority thereof or
therein having the power to tax (each a “Taxing Jurisdiction”), unless the deduction or withholding is required by law. Unless otherwise specified in the terms of the Senior Debt Securities of a series in accordance with
Section 3.01, if at any time a Taxing Jurisdiction requires the Company to deduct or withhold Taxes, the Company will pay the additional amounts of, or in respect of, the principal of, premium, if any, and any interest on, such series of Senior
Debt Securities (“Additional Amounts”) that are necessary so that the net amounts paid to the Holders of such series of Senior Debt Securities, after the deduction or withholding, shall equal the amounts which would have been
payable in respect of such series of Senior Debt Securities had no such deduction or withholding been required. However the Company will not pay Additional Amounts for Taxes that are payable because: 

(i)    the Holder or the Beneficial Owner of the Senior Debt Securities is a domiciliary, national or
resident of, or engages in business or maintains a permanent establishment or is physically present in, a Taxing Jurisdiction requiring that deduction or withholding, or otherwise has some connection with the Taxing Jurisdiction other than the
holding or ownership of the relevant Senior Debt Securities, or the collection of any payment of, or in respect of, principal of, any premium, or any interest on, any Senior Debt Securities of the relevant series; 

(ii)    except in the case of a winding up of the Company in England the relevant Senior Debt Securities
are presented for payment in the United Kingdom; 
 (iii)    the relevant Senior Debt Securities are
presented for payment more than thirty (30) days after the date payment became due or was provided for, whichever is later, except to the extent that the Holder would have been entitled to the Additional Amounts on presenting the Senior Debt
Security for payment at the close of such thirty-day (30-day) period; 

  
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 (iv)    the Holder or the Beneficial Owner of the relevant
Senior Debt Securities or the beneficial owner of any payment of, or in respect of, principal of, premium, if any, or any interest on such Senior Debt Securities failed to make any necessary claim or to comply with any certification, identification
or other requirements concerning the nationality, residence, identity or connection with the Taxing Jurisdiction of such Holder, Beneficial Owner or beneficial owner, if such claim or compliance is required by statute, treaty, regulation or
administrative practice of the Taxing Jurisdiction as a condition to relief or exemption from such Taxes; or 

(v)     if such Taxes would not have been so imposed, or would have been excluded pursuant to clauses
(i) through (iv) above inclusive, if the beneficial owner of, or person ultimately entitled to obtain an interest in, such Senior Debt Securities had been the Holder of such Senior Debt Securities. 

Whenever in this Senior Debt Securities Indenture there is mentioned, in any context, the payment of the principal of, or any interest on (and premium, if
any), or in respect of, any Senior Debt Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided for in this Section to the extent that, in context, Additional Amounts are, were or would
be payable in respect thereof pursuant to the provisions of this Section and as if express mention of the payment of Additional Amounts (if applicable) were made in any provisions hereof where such express mention is not made. 

(b)    Any amounts to be paid by the Company or any paying agent on any series of Senior Debt Securities
shall be paid net of any deduction or withholding imposed or required pursuant to Sections 1471 through 1474 of the Code, any current or future regulations or official interpretations thereof, any agreement entered into pursuant to
Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code (or any law
implementing such an intergovernmental agreement) (a “FATCA Withholding Tax”), and neither the Company nor any paying agent shall be required to pay Additional Amounts on account of any FATCA Withholding Tax. 

(c)    Except as otherwise provided as contemplated by Section 3.01, with respect to any series of
Senior Debt Securities, any Paying Agent shall be entitled to make a deduction or withholding from any payment which it makes under the Senior Debt Securities of such series and this Senior Debt Securities Indenture for or on account of (i) any
present or future taxes, duties or charges if and to the extent so required by any applicable law and (ii) any FATCA Withholding Tax (together, “Applicable Law”). In either case, the Paying Agent shall make any payment after a
deduction or withholding has been made pursuant to Applicable Law and shall report to the relevant authorities the amount so deducted or withheld. In all cases, the Paying Agent shall have no obligation to gross up any payment made subject to any
deduction or withholding pursuant to Applicable Law. In addition, amounts deducted or withheld by the Paying Agent under this Section 10.04(c) will be treated as paid to the Holder of a Senior Debt Security, and the Company will not pay
Additional Amounts in respect of such deduction or withholding, except to the extent the provisions in this Section 10.04 explicitly provide otherwise. 

  
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 (d)    The Company hereby covenants with the Trustee that it
will provide the Trustee with information, to the extent reasonably available to the Company, so as to enable the Trustee to determine whether any payments to be made by it pursuant to this Senior Debt Securities Indenture are withholdable payments
as defined in section 1473(1) of the Code (or as otherwise defined in Sections 1471 through 1474 of the Code and regulations or agreements thereunder or official interpretations thereof) or any intergovernmental agreement between the United States
and another jurisdiction facilitating the implementation thereof (or any law implementing such an intergovernmental agreement), provided, however, that the Company’s obligation under this Section 10.04(d) shall apply only to
the extent that payments with respect to Senior Debt Securities are so treated by virtue of characteristics of the Company, the Senior Debt Securities, or both. 

Section 10.05 Corporate Existence. Subject to Article 8, the Company will do or cause to be done all things necessary to preserve
and keep in full force and effect its corporate existence. 
 Section 10.06 Statement as to Compliance. The Company will deliver
to the Trustee, within one hundred and twenty (120) days after the end of each fiscal year commencing with the fiscal year ending December 31, 2014, a certificate in compliance with Section 314(a)(4) of the Trust Indenture Act. 

ARTICLE 11 

REDEMPTION OF SENIOR DEBT SECURITIES 

Section 11.01 Applicability of Article. Senior Debt Securities of any series shall be redeemable prior to their Stated Maturity in
accordance with their terms and, except as otherwise specified pursuant to Section 3.01 for Senior Debt Securities of any series, in accordance with this Article. 

Section 11.02 Election to Redeem; Notice to Trustee. The election of the Company to redeem any Senior Debt Securities shall be
evidenced by a Board Resolution or by a Delegated Person Resolution. The Company shall, at least thirty (30) days and no more than sixty (60) days prior to the Redemption Date fixed by the Company (unless a shorter or longer notice period
is specified in the terms of a particular series of Senior Debt Securities, pursuant to Section 3.01), notify the Holders of such Redemption Date, of the principal amount of Senior Debt Securities of such series to be redeemed, and shall notify
the Trustee of such election at least five (5) Business Days prior to the date on which the notice of redemption is sent to Holders (unless a shorter notice period shall be satisfactory to the Trustee). In the case of any redemption of Senior
Debt Securities of any series prior to the expiration of any restriction on such redemption provided in the terms of such Senior Debt Securities or elsewhere in this Senior Debt Securities Indenture, the Company shall furnish the Trustee with an
Officer’s Certificate evidencing compliance with or waiver of such restrictions. 

  
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 Section 11.03 Selection by Trustee of Senior Debt Securities to be Redeemed. If less
than all the Senior Debt Securities of any series are to be redeemed, the particular Senior Debt Securities to be redeemed shall be selected not more than sixty (60) days nor less than thirty (30) days prior to the Redemption Date by the
Trustee (unless a shorter or longer period is specified in the terms of a particular series of Senior Debt Securities, pursuant to Section 3.01), from the Outstanding Senior Debt Securities of such series not previously called for redemption,
by such method as the Trustee shall deem fair and appropriate, subject to applicable Depositary procedures, and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for registered Senior Debt
Securities of that series or any multiple thereof) of the principal amount of Senior Debt Securities of such series of a denomination larger than the minimum authorized denomination for Senior Debt Securities of that series. 

The Trustee shall promptly notify the Company in writing of the Senior Debt Securities selected for redemption and, in the case of any Senior
Debt Securities selected for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes of this Senior Debt
Securities Indenture, unless the context otherwise requires, all provisions relating to the redemption of Senior Debt Securities shall relate in the case of any Senior Debt Securities redeemed or to be redeemed only in part, to the portion of the
principal amount of such registered Senior Debt Security which has been or is to be redeemed. 
 Section 11.04 Notice of
Redemption. Unless otherwise provided as contemplated by Section 3.01 with respect to any series of Senior Debt Securities, notice of redemption shall be given not less than thirty (30) nor more than sixty (60) days prior to the
Redemption Date to each Holder of Senior Debt Securities to be redeemed in the manner and to the extent provided in Section 1.06. 

All notices of redemption shall state: 

(a)    the Redemption Date, 

(b)    the Redemption Price, 

(c)    if less than all the Outstanding Senior Debt Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amount) of the Senior Debt Securities to be redeemed, 

(d)    that, subject to any conditions contained in the indenture supplemental hereto establishing the
terms of the Senior Debt Securities to be redeemed, on the Redemption Date the Redemption Price will become due and payable upon each such Senior Debt Security to be redeemed and, if applicable, that interest thereon will cease to accrue on or after
the said date, 
 (e)    the place or places where such Senior Debt Securities are to be surrendered for
payment of the Redemption Price, and 

  
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 (f)    the CUSIP number or numbers, if any, with respect to
such Senior Debt Securities. 
 Notice of redemption of Senior Debt Securities to be redeemed at the selection of the Company shall be given
by the Company or, at the Company’s Request and upon provision to the Trustee of such notice information, by the Trustee in the name and at the expense of the Company. 

If the Company has delivered a notice of redemption, but prior to the payment of the Redemption Price with respect to such redemption the
Relevant U.K. Resolution Authority exercises its U.K. Bail-in Power in respect of such Senior Debt Securities, such redemption notice shall be automatically rescinded and shall be of no force and effect, and
no payment in respect of the Redemption Price shall be due and payable. 
 Section 11.05 Deposit of Redemption Price. On or
prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as Paying Agent, segregate and hold in trust as provided in Section 10.03) an amount of money sufficient to pay the
Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued but unpaid interest, if any, on, all the Senior Debt Securities which are to be redeemed on that date. 

Section 11.06 Senior Debt Securities Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Senior
Debt Securities so to be redeemed shall, subject to any conditions contained in the indenture supplemental hereto establishing the terms of the Senior Debt Securities of such series, become due and payable at the Redemption Price therein specified
on the Redemption Date, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest, if any) such Senior Debt Securities shall cease to accrue interest. Upon surrender of any such Senior
Debt Security for redemption in accordance with said notice, such Senior Debt Security shall be paid by the Company at the Redemption Price, together with accrued but unpaid interest (if any) to the Redemption Date; provided, however,
that with respect to any Senior Debt Securities in registered form, unless otherwise specified as contemplated by Section 3.01, a payment of interest which is payable on an Interest Payment Date which is on or before the Redemption Date, shall
be payable to the Holders of such Senior Debt Securities, or one or more Predecessor Senior Debt Securities, registered as such at the close of business on the relevant Regular or Special Record Date according to the terms of the Senior Debt
Securities and the provisions of Section 3.07. 
 If any Senior Debt Security called for redemption shall not be so paid upon surrender
thereof for redemption, the principal and any premium shall, until paid, bear interest from and after the Redemption Date in accordance with the terms of such Senior Debt Security and the provisions of Section 3.07. 

Section 11.07 Senior Debt Securities Redeemed in Part. Any Senior Debt Security which is to be redeemed only in part shall be
surrendered at a Place of Payment therefor (with, only in the case of Senior Debt Securities in registered form, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the

  
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Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the
Holder of such Senior Debt Security without service charge payable by the Holder, a new Senior Debt Security or Senior Debt Securities of the same series 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 Senior Debt Security so surrendered. 
 Section 11.08 Optional
Redemption. 
 (a)    Subject to the limitations and conditions specified in Section 11.10 and Section 11.11
hereof and unless otherwise provided as contemplated by Section 3.01 with respect to any series of Senior Debt Securities, the Company may, at its option, redeem, in whole but not in part, any series of Senior Debt Securities at any time
Outstanding, upon not less than thirty (30) days’ nor more than sixty (60) days’ prior notice to the Holders (unless a shorter or longer notice period is specified in the terms of a particular series of Senior Debt Securities,
pursuant to Section 3.01 and provided, that the Company shall notify the Trustee at least five (5) Business Days prior to the date on which the notice of redemption is sent to Holders (unless a shorter notice period shall be
satisfactory to the Trustee)), on the date or during the period specified pursuant to Section 3.01 relating to such series at an amount equal to 100% of their principal amount, together with, accrued but unpaid interest, if any, on the
principal amount of the Senior Debt Securities to be redeemed to (but excluding) the Redemption Date. 
 (b)    The
notice provided to Holders in accordance with this Section 11.08 (which notice shall be irrevocable, except in the circumstances provided in (c) below)) shall specify the date fixed for such redemption. 

(c)    Upon the expiry of the notice period described in (a) above, the Company shall be bound to redeem the relevant
Senior Debt Securities accordingly, provided that if the Company has delivered a notice of redemption pursuant to this Section 11.08, but prior to the payment of the Redemption Price with respect to such redemption the Relevant
U.K. Resolution Authority exercises its U.K. Bail-in Power in respect of such Senior Debt Securities, such redemption notice shall be automatically rescinded and shall be of no force and effect, and no payment
in respect of the Redemption Price shall be due and payable. 
 Section 11.09 Optional Tax Redemption. 

(a)    Subject to the limitations and conditions specified in Section 11.10 hereof unless otherwise provided as
contemplated by Section 3.01 with respect to any series of Senior Debt Securities, the Company may, at its option, at any time, redeem the Senior Debt Securities of any series, in whole but not in part, upon not less than thirty
(30) days’ nor more than sixty (60) days’ prior notice to the Holders (unless a shorter or longer notice period is specified in the terms of a particular series of Senior Debt Securities, pursuant to Section 3.01 and
provided that the Company shall notify the Trustee at least five (5) Business Days prior to the date on which the notice of redemption is sent to Holders (unless a shorter notice period shall be satisfactory to the Trustee)), if
(A) the Company shall be required pursuant to Section 3.05 hereof to exchange the Global Securities of a particular series for definitive Senior Debt Securities of such series and as a result the Company is or would be required to pay
Additional Amounts with respect 

  
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thereto, or (B) the Company determines that as a result of a change in, or amendment to, the laws or regulations of a Taxing Jurisdiction, including any treaty to which the relevant Taxing
Jurisdiction is a party, or a change in an official application of those laws or regulations, including a decision of any court or tribunal, which becomes effective on or after the issue date of the relevant series of Senior Debt Securities (and, in
the case of a successor entity, which becomes effective on or after the date of such entity’s assumption of the Company’s obligations), the Company: 

(i)    will or would be required to pay holders Additional Amounts; 

(ii)    would not be entitled to claim a deduction in respect of any payments in respect of the relevant
series of Senior Debt Securities in computing the Company’s taxation liabilities or the value of the deduction would be materially reduced; or 

(iii)    would not, as a result of the relevant Senior Debt Securities being in issue, be able to have
losses or deductions set against the profits or gains or profits or gains offset by the losses or deductions, of companies with which the Company is or would otherwise be so grouped for applicable United Kingdom tax purposes (whether under the group
relief system current as at the issue date of the relevant Senior Debt Securities or any similar system or systems having like effect as may from time to time exist); 

(each such change in tax law or regulation or the official application thereof, a “Tax Event”), 

in each of cases of (A) and (B) above, at an amount equal to 100% of the principal amount of the Senior Debt Securities being redeemed, together with
accrued but unpaid interest, if any, on the principal amount of the Senior Debt Securities to be redeemed to (but excluding) the date fixed for redemption, provided that in the case of each Tax Event, the consequences of the Tax Event cannot
be avoided by the Company taking reasonable measures available to the Company. 
 (b)    Unless otherwise provided as
contemplated by Section 3.01 with respect to any series of Senior Debt Securities, prior to the delivery of any notice of redemption pursuant to this Section 11.09, the Company shall be required to deliver to the Trustee a written legal
opinion of independent counsel of recognized standing, chosen by the Company, confirming that the Company is entitled to exercise its right of redemption under this Section 11.09. 

(c)    The notice provided to Holders in accordance with this Section 11.09 (which notice shall be irrevocable, except
in the circumstances provided in (d) below)) shall specify the Redemption Date. 
 (d)    Upon the expiry of the
notice period described in (a) above, the Company shall be bound to redeem the relevant Senior Debt Securities accordingly, provided that if the Company has delivered a notice of redemption pursuant to this Section 11.09, but
prior to the payment of the Redemption Price with respect to such redemption the Relevant U.K. Resolution Authority exercises its U.K. Bail-in Power in respect of such Senior Debt Securities, such redemption
notice shall be automatically rescinded and shall be of no force and effect, and no payment in respect of the Redemption Price shall be due and payable. 

  
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 (e)    Any successor entity that assumes the obligations of the Company
pursuant to Section 8.03 shall also be entitled to redeem the relevant Senior Debt Securities in accordance with Section 11.09(a)(A) and/or in accordance with Section 11.09(a)(B) with respect to any change or amendment to, or change
in the official application of the laws or regulations (including any treaty) of the successor entity’s jurisdiction of incorporation, which becomes effective on or after the date of that entity’s assumption of the Company’s
obligations. 
 Section 11.10 Limitations on Redemption. Notwithstanding any other provision in this Senior Debt Securities
Indenture and unless otherwise provided as contemplated by Section 3.01 with respect to any series of Senior Debt Securities, the Company may redeem any series of Senior Debt Securities (and give notice thereof to the Holders of the relevant
Senior Debt Securities) only if the Company has obtained the prior consent of the PRA and/or any other relevant national or European authority (in either case, if such consent is then required by the Capital Regulations) for the redemption of the
Senior Debt Securities. 
 Section 11.11 Officer’s Certificate Related to PRA Consent. Solely in the
event that the prior consent of the PRA and/or any other relevant national or European authority specified in Section 11.10 hereof is then required under the Capital Regulations for redemption of any series of Senior Debt Securities, at the
Trustee’s request, the Company shall furnish to the Trustee an Officer’s Certificate stating that the prior consent of the PRA and/or any other relevant national or European authority specified in Section 11.10 hereof has been
obtained. 
 Section 11.12 Condition to Repurchase. Unless otherwise provided as contemplated by Section 3.01 with
respect to any series of Senior Debt Securities, the Company or any member of the Group may purchase or otherwise acquire any Outstanding Senior Debt Securities of any series at any price in the open market or otherwise in accordance with the
Capital Regulations applicable to the Group in force at the relevant time, and subject to the prior consent of the PRA and/or any other relevant national or European authority (in either case, if such consent is then required by the Capital
Regulations). 
 ARTICLE 12 

U.K. BAIL-IN POWER AND BRRD
ACKNOWLEDGEMENT 
 Section 12.01 U.K. Bail-in Power
Acknowledgement.  
 (a)    Notwithstanding any other agreements, arrangements, or
understandings between the Company and any Holder or Beneficial Owner of the Senior Debt Securities, by acquiring any Senior Debt Securities, each Holder and Beneficial Owner of the Senior Debt Securities acknowledges, accepts, agrees to be bound
by, and consents to, the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution Authority that may result in (i) the reduction or cancellation of all, or a portion, of the principal amount of,
or interest on, the Senior Debt Securities; (ii) the conversion of all, or a portion of, the principal amount of, or interest on, the Senior Debt Securities into shares or other securities or other obligations of the Company or

  
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another person (and the issue to, or conferral on, the Holder or Beneficial Owner of the Senior Debt Securities such shares, securities or obligations); and/or (iii) the amendment or
alteration of the maturity of the Senior Debt Securities, or amendment of the amount of interest due on the Senior Debt Securities, or the dates on which interest becomes payable, including by suspending payment for a temporary period; which U.K. Bail-in Power may be exercised by means of a variation of the terms of the Senior Debt Securities solely to give effect to the exercise by the Relevant U.K. Resolution Authority of such U.K. Bail-in Power. Each Holder and Beneficial Owner further acknowledges and agrees that the rights of Holders and Beneficial Owners of the Senior Debt Securities are subject to, and will be varied, if necessary, solely
to give effect to, the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution Authority. For the avoidance of doubt, this consent and acknowledgment is not a waiver of any rights Holders and
Beneficial Owners of the Senior Debt Securities may have at law if and to the extent that any U.K. Bail-in Power is exercised by the Relevant U.K. Resolution Authority in breach of laws applicable in England.

 (b)    By its acquisition of the Senior Debt Securities, each Holder and Beneficial Owner: 

(i) acknowledges and agrees that the exercise of the U.K. Bail-in Power by the Relevant
U.K. Resolution Authority with respect to a particular series of Senior Debt Securities shall not give rise to a default for purposes of Section 315(b) (Notice of Default) and Section 315(c) (Duties of the Trustee in Case of
Default) of the Trust Indenture Act, 
 (ii) to the extent permitted by the Trust Indenture Act, waives any and all
claims against the Trustee for, agrees not to initiate a suit against the Trustee in respect of, and agrees that the Trustee shall not be liable for, any action that the Trustee takes, or abstains from taking, in either case in accordance with the
exercise of the U.K. Bail-in Power by the Relevant U.K. Resolution Authority with respect to the Senior Debt Securities, 

(iii) acknowledges and agrees that, upon the exercise of any U.K. Bail-in Power by the
Relevant U.K. Resolution Authority, (a) the Trustee shall not be required to take any further directions from Holders or Beneficial Owners of the Senior Debt Securities under Section 5.12 of this Senior Debt Securities Indenture and
(b) this Senior Debt Securities Indenture imposes no duties upon the Trustee whatsoever with respect to the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution Authority. Notwithstanding
the foregoing, if, following the completion of the exercise of the U.K. Bail-in Power by the Relevant U.K. Resolution Authority with respect to a particular series of Senior Debt Securities, the Senior Debt
Securities remain outstanding (for example, if the exercise of the U.K. Bail-in Power results in only a partial write-down of the principal of such Senior Debt Securities), then the Trustee’s duties under
this Senior Debt Securities Indenture shall remain applicable with respect to the Senior Debt Securities following such completion to the extent that the Company and the Trustee shall agree pursuant to a supplemental indenture to this Senior Debt
Securities Indenture, and 

  
 -64- 

 (iv) shall be deemed to have (a) consented to the exercise of any U.K. Bail-in Power as it may be imposed without any prior notice by the Relevant U.K. Resolution Authority of its decision to exercise such power with respect to a particular series of Senior Debt Securities and
(b) authorized, directed and requested DTC and any direct participant in DTC or other intermediary through which it holds such Senior Debt Securities to take any and all necessary action, if required, to implement the exercise of any U.K. Bail-in Power with respect to the Senior Debt Securities as it may be imposed, without any further action or direction on the part of such Holder and such Beneficial Owner or the Trustee. 

(c)    No repayment of the principal amount of the Senior Debt Securities or payment of interest on the Senior Debt
Securities shall become due and payable after the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution Authority unless such repayment or payment would be permitted to be made by the Company
under the laws and regulations of the United Kingdom and the European Union applicable to the Company. 
 (d)    Upon the
exercise of the U.K. Bail-in Power by the Relevant U.K. Resolution Authority with respect to a particular series of Senior Debt Securities, the Company shall provide a written notice to DTC as soon as
practicable regarding such exercise of the U.K. Bail-in Power for purposes of notifying Holders and Beneficial Owners of such occurrence. The Company shall also deliver a copy of such notice to the Trustee for
information purposes. 
 (e)    The Company’s obligations to indemnify the Trustee in accordance with
Section 6.07 of this Senior Debt Securities Indenture shall survive any exercise of the U.K. Bail-in Power by the Relevant U.K. Resolution Authority with respect to the Senior Debt Securities, but shall
be subject to Section 12.02 below. 
 (f)    The exercise of the U.K.
Bail-in Power by the Relevant U.K. Resolution Authority with respect to the Senior Debt Securities shall not constitute an Event of Default. 

Section 12.02 Parties’ Acknowledgement with respect to Treatment of BRRD Liabilities.  

Notwithstanding and to the exclusion of any other term of this Senior Debt Securities Indenture, any supplemental indenture hereto or any other
agreements, arrangements, or understanding between the parties, the Trustee acknowledges and accepts that a BRRD Liability arising under this Senior Debt Securities Indenture or any supplemental indenture hereto may be subject to the exercise of
U.K. Bail-in Powers by the Relevant U.K. Resolution Authority, and acknowledges, accepts, and agrees to be bound by: 

(i)    the effect of the exercise of U.K. Bail-in Powers by the
Relevant U.K. Resolution Authority in relation to any BRRD Liability that (without limitation) may include and result in any of the following, or some combination thereof: 

(A)    the reduction of all, or a portion, of the BRRD Liability or outstanding amounts due thereon; 

  
 -65- 

 (B)    the conversion of all, or a portion, of the BRRD
Liability into shares, other securities or other obligations of the Company or another person, and the issue to or conferral on the other party of such shares, securities or obligations; 

(C)    the cancellation of the BRRD Liability; or 

(D)    the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on
which any payments are due, including by suspending payment for a temporary period; 
 (ii)    the
variation of the terms of this Senior Debt Securities Indenture or any supplemental indenture hereto, as deemed necessary by the Relevant U.K. Resolution Authority, to give effect to the exercise of U.K.
Bail-in Powers by the Relevant U.K. Resolution Authority. 
 For these purposes: 

“BRRD Liability” means a liability of the Company to the Trustee under this Senior Debt Securities Indenture and any
supplemental indenture hereto in respect of which U.K. Bail-in Powers may be exercised. 
 ARTICLE 13

 SUBSEQUENT HOLDERS’ AGREEMENT 

Each Holder and Beneficial Owner of Senior Debt Securities that acquires Senior Debt Securities in the secondary market shall be deemed to
acknowledge, agree to be bound by, and consent to, the same provisions set forth in this Senior Debt Securities Indenture and any supplemental indenture hereto and/or any Officer’s Certificate and/or amendment hereto adopted pursuant to
Section 3.01 hereof to the same extent as the Holders and Beneficial Owners of the Senior Debt Securities that acquire the Senior Debt Securities upon their initial issuance, including without limitation, with respect to the acknowledgement and
agreement to be bound by and consent to the terms of the Senior Debt Securities, including in relation to the provisions contained in Section 5.03(c) and Section 12.01 of the Senior Debt Securities Indenture.” 

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. 
 [Signature Page Follows] 

  
 -66- 

 IN WITNESS WHEREOF, the Company and the Trustee have caused this Senior Debt Securities Indenture
to be duly executed, all as of the day and year first above written. 
  

			
	 BARCLAYS PLC,

as Issuer

		
	By:	 	 /s/ Daniel David

		 	Name: Daniel David
		 	Title:   Vice President, Capital Markets Execution
	
	THE BANK OF NEW YORK MELLON,
		 	as Trustee, Paying Agent and Senior
	Debt Security Registrar
		
	By:	 	 /s/ Thomas Vanson

		 	Name: Thomas Vanson
		 	Title:   Authorised Signatory

  
 -67-EX-4.2

 Exhibit 4.2 
  

 
  

BARCLAYS PLC, 
 Issuer 

and 
 THE BANK OF NEW YORK MELLON,
LONDON BRANCH, 
 as Trustee 
  

 
 FIRST SUPPLEMENTAL INDENTURE 

Dated as of January 17, 2018 
  

 
 To the Senior Debt Securities
Indenture, dated as of January 17, 2018, 
 Between Barclays PLC 

and 
 The Bank of New York Mellon,
London Branch, as Trustee 
 £1,250,000,000 Principal Amount of 3.250% Fixed Rate Senior Notes due 2033 

 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	ARTICLE I	 
	
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	 
			
	SECTION 1.01	 	 Definitions
	  	 	1	 
	SECTION 1.02	 	 Effect of Headings
	  	 	4	 
	SECTION 1.03	 	 Separability Clause
	  	 	4	 
	SECTION 1.04	 	 Benefits of Instrument
	  	 	4	 
	SECTION 1.05	 	 Relation to Base Indenture
	  	 	4	 
	SECTION 1.06	 	 Construction and Interpretation
	  	 	5	 
	
	ARTICLE II	 
	
	3.250% FIXED RATE SENIOR NOTES DUE 2033	 
			
	SECTION 2.01	 	 Creation of Series; Establishment of Form
	  	 	5	 
	SECTION 2.02	 	 Interest
	  	 	6	 
	SECTION 2.03	 	 Payment of Principal, Interest and Other Amounts
	  	 	7	 
	SECTION 2.04	 	 Make-Whole Redemption
	  	 	7	 
	SECTION 2.05	 	 Loss Absorption Disqualification Event Redemption
	  	 	9	 
	SECTION 2.06	 	 Events of Default Substitution
	  	 	9	 
	SECTION 2.07	 	 Enforcement Events and Remedies Following an Events of Default Substitution
	  	 	10	 
	SECTION 2.08	 	 Notice of Events of Default Substitution
	  	 	11	 
	SECTION 2.09	 	 Events of Default Substitution Certificate
	  	 	11	 
	SECTION 2.10	 	 Agreement with Respect to Enforcement Events and Remedies Following an Events of Default
Substitution
	  	 	11	 
	SECTION 2.11	 	 Trustee’s Duties Following an Events of Default Substitution
	  	 	11	 
	SECTION 2.12	 	 Waiver of Certain Past Events of Default Following an Events of Default Substitution
	  	 	12	 
	SECTION 2.13	 	 Notice of Defaults Following an Events of Default Substitution
	  	 	12	 
	SECTION 2.14	 	 Applicability of the Term “Event of Default” Following an Events of Default
Substitution
	  	 	12	 
	SECTION 2.15	 	 Certain Acts of Holders Following an Events of Default Substitution
	  	 	12	 
	SECTION 2.16	 	 Termination of Global Security
	  	 	13	 
	SECTION 2.17	 	 Subsequent Holder’s Agreement
	  	 	13	 
	SECTION 2.18	 	 Notice of Redemption
	  	 	13	 
	SECTION 2.19	 	 Agreement with Respect to Exercise of U.K. Bail-in
Power
	  	 	13	 
	SECTION 2.20	 	 Depositary
	  	 	14	 
	
	ARTICLE III	 
	
	MISCELLANEOUS PROVISIONS	 
			
	SECTION 3.01	 	 Effectiveness
	  	 	14	 
	SECTION 3.02	 	 Original Issue
	  	 	14	 

							
	 SECTION 3.03
	 	 Ratification and Integral Part
	  	 	14	 
	 SECTION 3.04
	 	 Priority
	  	 	14	 
	 SECTION 3.05
	 	 Not Responsible for Recitals or Issuance of Securities
	  	 	14	 
	 SECTION 3.06
	 	 Successors and Assigns
	  	 	14	 
	 SECTION 3.07
	 	 Counterparts
	  	 	14	 
	 SECTION 3.08
	 	 Governing Law
	  	 	15	 
		
	 EXHIBIT A – Form of Global Note 
	  	 	A-1	 

  
 - ii - 

 FIRST SUPPLEMENTAL INDENTURE, dated as of January 17, 2018 (the “First Supplemental
Indenture”), between BARCLAYS PLC, a public limited company registered in England and Wales (herein called the “Company”), having its registered office at 1 Churchill Place, London E14 5HP, United Kingdom, and THE BANK OF
NEW YORK MELLON, LONDON BRANCH, a New York banking corporation, as Trustee (herein called the “Trustee”), having a Corporate Trust Office at One Canada Square, London E14 5AL, United Kingdom, to the SENIOR DEBT SECURITIES INDENTURE,
dated as of January 17, 2018, between the Company and the Trustee (the “Base Indenture” and, together with this First Supplemental Indenture, the “Indenture”). 

RECITALS OF THE COMPANY 

WHEREAS, the Company and the Trustee are parties to the Base Indenture, which provides for the issuance by the Company from time to time of
its Senior Debt Securities in one or more series; 
 WHEREAS, Section 9.01 of the Base Indenture permits supplements thereto without
the consent of Holders of Senior Debt Securities to establish the form or terms of Senior Debt Securities of any series as permitted by Sections 2.01 and 3.01 of the Base Indenture; 

WHEREAS, as contemplated by Section 3.01 of the Base Indenture, the Company intends to issue a series of Senior Debt Securities to be
known as the Company’s “3.250% Fixed Rate Senior Notes due 2033” (the “Securities”) under the Indenture; 

WHEREAS, the Company has taken all necessary corporate action to authorize the execution and delivery of this First Supplemental Indenture;

 NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH: 

For and in consideration of the premises and the other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Company and the Trustee mutually agree as follows with regard to the Securities: 
 ARTICLE I 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

SECTION 1.01 Definitions. Except as otherwise expressly provided or unless the context otherwise requires, all terms used in
this First Supplemental Indenture that are defined in the Base Indenture shall have the meanings ascribed to them in the Base Indenture. The following terms used in this First Supplemental Indenture have the following respective meanings with
respect to the Securities only: 
 “Base Indenture” has the meaning set forth in the first paragraph of this
First Supplemental Indenture. 

  
 - 1 - 

 “Business Day” means any weekday, other than one on which
banking institutions are authorized or obligated by law or executive order to close in London, England. 
 “Capital
Regulations” means, at any time, the laws, regulations, requirements, standards, guidelines and policies relating to capital adequacy and/or minimum requirement for own funds and eligible liabilities and/or loss absorbing capacity of credit
institutions of either (i) the PRA and/or (ii) any other national or European authority, in each case then in effect in the United Kingdom (or in such other jurisdiction in which the Company may be organized or domiciled) and applicable to
the Group including, as at the date hereof, CRD IV and related technical standards. 
 “Clearing System Business
Day” means a day on which each Clearing System for which any global certificate is being held is open for business. 

“Clearing Systems” means Clearstream, Luxembourg and Euroclear (each, a “Clearing System”).

 “Clearstream, Luxembourg” means Clearstream Banking, S.A. 

“Common Depositary” means The Bank of New York Mellon, London Branch, or any successor in such capacity, as
common depositary for Euroclear and Clearstream, Luxembourg. 
 “Company” has the meaning set forth in the
first paragraph of this First Supplemental Indenture, and includes any successor entity. 
 “CRD IV”
consists of Directive 2013/36/EU on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, as the same may be amended or replaced from time to time, and the CRD IV Regulation. 

“CRD IV Regulation” means Regulation (EU) No. 575/2013 on prudential requirements for credit institutions
and investment firms of the European Parliament and of the Council of June 26, 2013, as the same may be amended or replaced from time to time. 

“Determination Agent” has the meaning set forth in SECTION 2.04 hereof. 

“Euroclear” means Euroclear Bank S.A./N.V. 

“First Supplemental Indenture” has the meaning set forth in the first paragraph of this First Supplemental
Indenture. 
 “Indenture” has the meaning set forth in the first paragraph of this First Supplemental
Indenture. 
 “Interest Payment Date” has the meaning set forth in SECTION 2.02(a) hereof. 

“Interest Period” means the period beginning on, and including, an Interest Payment Date and ending on, but
not including, the next succeeding Interest Payment Date; provided that the first Interest Period will begin on and include January 17, 2018 and will end on, but not include January 17, 2019. 

  
 - 2 - 

 “Issue Date” has the meaning set forth in SECTION 2.01(f)
hereof. 
 “Loss Absorption Disqualification Event” means the whole or any part of the principal amount of
the Securities Outstanding at any time being excluded from or ceasing to count towards the Company’s and/or the Group’s own funds and eligible liabilities and/or loss absorbing capacity, in each case for the purposes of, and in accordance
with, the relevant Capital Regulations, provided that a Loss Absorption Disqualification Event shall not occur if such whole or part of the principal amount of the Securities Outstanding is excluded from, or ceases to count towards, such own
funds and eligible liabilities and/or loss absorbing capacity due to the remaining maturity of the Securities being less than one year. 

“Loss Absorption Regulations Event” means that (i) any Capital Regulations become effective with respect
to the Company and/or the Group or (ii) there is an amendment to, or change in, any Capital Regulations, or any change in the official application of any Capital Regulations that becomes effective with respect to the Company and/or the Group.

 “Make-Whole Redemption” has the meaning set forth in SECTION 2.04 hereof. 

“Market Exchange Rate” means the noon buying rate in The City of New York for cable transfers of sterling as
certified for customs purposes (or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York. 

“Monetary Judgment” has the meaning set forth in SECTION 2.07(c) hereof. 

“Non-Payment Event” has the meaning set forth in SECTION 2.07(b)
hereof. 
 “Performance Obligation” has the meaning set forth in SECTION 2.07(c) hereof. 

“Reference Bond” has the meaning set forth in SECTION 2.04 hereof. 

“Reference Bond Price” has the meaning set forth in SECTION 2.04 hereof. 

“Reference Bond Rate” has the meaning set forth in SECTION 2.04 hereof. 

“Reference Date” has the meaning set forth in SECTION 2.04 hereof. 

“Reference Government Bond Dealer” has the meaning set forth in SECTION 2.04 hereof. 

“Reference Government Bond Dealer Quotations” has the meaning set forth in SECTION 2.04 hereof. 

“Regular Record Date” means the close of business (in the relevant Clearing System) on the Clearing System
Business Day immediately preceding each Interest Payment Date (or, if the Securities are held in definitive form, the 15th Business Day preceding each Interest Payment Date). 

  
 - 3 - 

 “Relevant Make Whole Screen Page” has the meaning set forth in
SECTION 2.04 hereof. 
 “Securities” has the meaning set forth in the Recitals to this First Supplemental
Indenture. 
 “Senior Enforcement Event” has the meaning set forth in SECTION 2.11 hereof. 

“Stated Maturity” has the meaning set forth in SECTION 2.01(g) hereof. 

“Trustee” has the meaning set forth in the first paragraph of this First Supplemental Indenture, and includes
any successor entity. 
 A “Winding-Up Event” with respect to the
Securities shall result if (i) a court of competent jurisdiction in England (or such other jurisdiction in which the Company may be organized) makes an order for the Company’s winding-up which is not
successfully appealed within thirty (30) days of the making of such order, (ii) the Company’s shareholders adopt an effective resolution for the Company’s winding-up (other than, in the
case of either (i) or (ii) above, under or in connection with a scheme of reconstruction, merger or amalgamation not involving a bankruptcy or insolvency) or (iii) following the appointment of an administrator of the Company, the
administrator gives notice that it intends to declare and distribute a dividend. 
 SECTION 1.02 Effect of Headings. The
Article and Section headings herein are for convenience only and shall not affect the construction hereof. 
 SECTION 1.03
Separability Clause. In case any provision in this First Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired
thereby. 
 SECTION 1.04 Benefits of Instrument. Nothing in this First Supplemental Indenture, express or implied, shall give
to any Person, other than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under the Indenture. 

SECTION 1.05 Relation to Base Indenture. This First Supplemental Indenture constitutes an integral part of the Indenture.
Notwithstanding any other provision of this First Supplemental Indenture, all provisions of this First Supplemental Indenture are expressly and solely for the benefit of the Holders of the Securities and the Trustee and any such provisions shall not
be deemed to apply to any other Senior Debt Securities issued under the Base Indenture and shall not be deemed to amend, modify or supplement the Base Indenture for any purpose other than with respect to the Securities. 

  
 - 4 - 

 SECTION 1.06 Construction and Interpretation. Unless the context otherwise
requires: 
 (a) the words “hereof”, “herein” and “hereunder” and words of similar import, when used in this
First Supplemental Indenture, refer to this First Supplemental Indenture as a whole and not to any particular provision of this First Supplemental Indenture; 

(b) the terms defined in the singular have a comparable meaning when used in the plural, and vice versa; 

(c) the terms “U.S. dollars,” “US$” and “$” shall refer to the lawful currency for the time being of the United
States; 
 (d) the terms “sterling,” “GBP” and “£” shall refer to the lawful currency for the time being
of the United Kingdom; 
 (e) references herein to a specific Section, Article or Exhibit refer to Sections or Articles of, or an Exhibit to,
this First Supplemental Indenture; 
 (f) wherever the words “include”, “includes” or “including” are used in
this First Supplemental Indenture, they shall be deemed to be followed by the words “without limitation;” 
 (g) references to a
Person are also to its successors and permitted assigns; and 
 (h) the use of “or” is not intended to be exclusive unless
expressly indicated otherwise. 
 ARTICLE II 

3.250% FIXED RATE SENIOR NOTES DUE 2033 

SECTION 2.01 Creation of Series; Establishment of Form. 

(a) There is hereby established a series of Senior Debt Securities under the Base Indenture entitled the “3.250% Fixed Rate Senior Notes
due 2033.” 
 (b) The Securities shall be issued initially in the form of one or more registered Global Securities that shall be
deposited with the Common Depositary on the Issue Date. The Global Securities shall be initially registered in the name of The Bank of New York Depository (Nominees) Limited, a nominee of the Common Depositary, and executed and issued in
substantially the form attached hereto as Exhibit A. 
 (c) The Company shall issue the Securities in an aggregate
principal amount of £1,250,000,000. The Company may from time to time, without the consent of the Holders of the Securities, issue additional securities having the same ranking and same interest rate, Stated Maturity, redemption terms and
other terms as the Securities described in this First Supplemental Indenture, except for the price to the public and date of issue. Any such additional securities subsequently issued shall rank equally and ratably with the Securities in all
respects, so that such further securities shall be consolidated and form a single series with the Securities. 

  
 - 5 - 

 (d) Any proposed transfer of an interest in Securities held in the form of a Global Security
deposited with the Common Depositary shall be effected in the ordinary way following the applicable rules and operating procedures of Clearstream, Luxembourg and/or Euroclear. 

(e) The Securities shall not have a sinking fund. 

(f) The Securities shall be issued on January 17, 2018 (the “Issue Date”). 

(g) The stated maturity of the principal of the Securities shall be January 17, 2033 (the “Stated Maturity”). 

(h) The interest rate on the Securities is set forth in SECTION 2.02 hereof. 

(i) The Securities shall be redeemable prior to their Stated Maturity in accordance with SECTION 2.04 hereof. 

(j) The Securities shall be issued in minimum denominations of GBP 100,000 in principal amount and integral multiples of GBP 1,000 in excess
thereof. 
 (k) Section 3.05(c)(ii)(C) of the Base Indenture shall not apply to the Securities. 

(l) Section 11.09 of the Base Indenture shall apply to the Securities. 

(m) The Securities shall constitute the Company’s direct, unconditional, unsecured and unsubordinated obligations and shall at all times
rank pari passu without any preference among themselves. In the event of a winding-up or administration of the Company, the Securities shall rank pari passu with all other outstanding unsecured and
unsubordinated obligations of the Company, present and future, except such obligations as are preferred by operation of law. 
 SECTION
2.02 Interest. 
 (a) The interest rate on the Securities shall be 3.250% per annum. Interest shall be payable annually in arrear
on January 17 of each year (each, an “Interest Payment Date”), commencing on January 17, 2019 and ending on the Stated Maturity; provided that if such Interest Payment Date is not a Business Day, the Interest
Payment Date shall be postponed to the next Business Day, but interest on that payment will not accrue during the period from and after the scheduled Interest Payment Date. Where interest is to be calculated in respect of a period which is equal to
or shorter than an Interest Period, it will be calculated on the basis of the actual number of days in the relevant period, from and including the last date on which interest was paid on the Securities (or January 17, 2018, if no interest has
been paid on the Securities), to, but excluding, the next date on which interest falls due, divided by the number of days in the Interest Period in which the relevant period falls (including the first such day but excluding the last). This payment
convention is referred to as ACTUAL/ACTUAL (ICMA), defined herein based on the definition in the International Capital Market Association Primary Market Handbook. 

  
 - 6 - 

 (b) The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date shall, as provided in the Indenture, be paid to the Person in whose name the relevant Security (or any Predecessor Security) is registered at the close of business on the Regular Record Date for such interest. 

SECTION 2.03 Payment of Principal, Interest and Other Amounts 

(a) Payments of principal of and interest on the Securities shall be made in such coin or currency of the United Kingdom as at the time of
payment is legal tender for payment of public and private debts and such payments on Securities represented by a Global Security shall be made through one or more Paying Agents appointed under the Base Indenture to the Clearing Systems or the Common
Depositary or its nominee, as the Holder or Holders of the Global Security. Initially, the Paying Agent and the Senior Debt Security Registrar for the Securities shall be The Bank of New York Mellon, London Branch, One Canada Square, London E14 5AL,
United Kingdom and the Place of Payment in respect of the Securities shall be the Corporate Trust Office of the Trustee, which as of the date hereof is hereby designated for purposes of the Securities initially as the office or agency of the Trustee
located at said address. The Company at any time and from time to time may change the Paying Agent or, subject to Section 9.01 of the Base Indenture, the Place of Payment, and the Senior Debt Security Registrar without prior notice to the
Holders of the Securities, and in such an event the Company may act as Paying Agent or Senior Debt Security Registrar. Payments of principal of and interest on the Securities represented by a Global Security shall be made by wire transfer of
immediately available funds; provided, however, that in the case of payments of principal, such Global Security is first surrendered to the Paying Agent. If a date of redemption or repayment or the Stated Maturity is not a Business
Day, the Company may pay interest and principal on the next succeeding Business Day, but interest on that payment will not accrue during the period from and after the date of redemption or repayment or such Stated Maturity. 

(b) If sterling is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s
control or is no longer used for the settlement of transactions by public institutions within the international banking community, then all payments in respect of the Securities will be made in U.S. dollars until sterling is again available to the
Company or so used. The amount payable on any date in sterling will be converted into U.S. dollars at the Market Exchange Rate as of the close of business on the second Business Day prior to the relevant payment date or, if such Market Exchange Rate
is not then available, on the basis of the then most recent U.S. dollar/sterling exchange rate available on or prior to the second Business Day prior to the relevant payment date as determined by the Company in its sole discretion. Any payment in
respect of the Securities so made in U.S. dollars will not constitute an Event of Default or Senior Enforcement Event (if applicable) under the Indenture or the Securities. Neither the Trustee nor the Paying Agent will be responsible for obtaining
exchange rates, effecting currency conversions or otherwise handling redenominations. 
 SECTION 2.04 Make-Whole Redemption.
Subject to the notice period and provisions set forth in Sections 11.02 and 11.04 of the Base Indenture and in Section 2.18 of this First Supplemental Indenture, and to the conditions set forth in Section 11.10 of the Base Indenture, the
Company may redeem the Securities at any time outstanding, at its option, in whole or, from time to time, in part, at any time on or after July 17, 2018, (and, if any additional securities of this series are issued after January 17, 2018,
except for the period of six months 

  
 - 7 - 

 
beginning on the issue date for any additional securities of this series) at an amount equal to the higher of (i) 100% of the principal amount of the Securities to be redeemed and (ii) the
principal amount of such Securities multiplied by the price (expressed as a percentage), as reported in writing to the Company by the Determination Agent, at which the yield to maturity on such Securities on the Reference Date is equal to the
Reference Bond Rate on the Reference Date plus 25 basis points, as determined by the Determination Agent, together with, in either case of (i) or (ii) above, accrued but unpaid interest, if any, on the principal amount of the Securities to be
redeemed to (but excluding) the redemption date (the “Make-Whole Redemption”). 
 “Reference Bond
Rate” means, with respect to any Reference Date, the rate per annum equal to the yield to maturity or interpolated yield to maturity (assuming an ACTUAL/ACTUAL (ICMA) day count basis) of the Reference Bond, assuming a price for the
Reference Bond (expressed as a percentage of its principal amount) equal to the Reference Bond Price at 11:00 a.m. (London time) on such Reference Date. 

In determining the Reference Bond Rate, the below terms will have the following meaning: 

“Determination Agent” means an investment bank or financial institution of international standing selected by
the Company and which may be an affiliate of the Company. 
 “Reference Bond” shall be 4.25% UK Treasury
Gilt due June 2032 or, to the extent that such Reference Bond is no longer outstanding on the relevant Reference Date the selected government security or securities agreed between the Company and an investment bank or financial
institution determined to be appropriate by the Company (which, for the avoidance of doubt, could be the Determination Agent) as having an actual or interpolated maturity comparable with the remaining term of the Securities, that would be utilized,
at the time of selection and in accordance with customary financial practice, in pricing new issues of sterling denominated corporate debt and of a comparable maturity to the remaining term of the Securities. 

“Reference Bond Price” means, with respect to any Reference Date, (i) the arithmetic average of the
Reference Government Bond Dealer Quotations, after excluding the highest and lowest such Reference Government Bond Dealer Quotations, or (ii) if fewer than five such Reference Government Bond Dealer Quotations are received, the arithmetic
average of all such quotations. 
 “Reference Date” means the date which is two (2) Business Days prior
to the despatch of the notice of redemption. 
 “Reference Government Bond Dealer” means each of five banks
selected by the Company (following, where practicable, consultation with the Determination Agent), or their affiliates, which are (i) primary government securities dealers, and their respective successors, or (ii) market makers in pricing
corporate bond issues. 

  
 - 8 - 

 “Reference Government Bond Dealer Quotations” means, with
respect to each Reference Government Bond Dealer and any Reference Date, the arithmetic average, as determined by the Company or the Determination Agent, of the bid and offered prices for the Reference Bond (expressed in each case as a percentage of
its principal amount) at 11:00 a.m. (London time) on the Reference Date: 
  

	 	(i)	which appears on the Relevant Make Whole Screen Page as at 11:00 a.m. (London time) on the Reference Date; or 

  

	 	(ii)	to the extent that, in the case of (i) above, either such bid and offered prices do not appear on that page, fewer than two such Reference Government Bond Dealer bid and offered prices appear on that page, or if
the Relevant Make Whole Screen Page is unavailable, then as quoted in writing to the Company or the Determination Agent (as applicable) by such Reference Government Bond Dealer. 

“Relevant Make Whole Screen Page” means PXUK (or any successor or replacement page, section or other part of
the information service), or such other page, section or other part as may replace it on the information service or such other information service, in each case, as may be nominated by the person providing or sponsoring the information appearing
there for the purpose of displaying comparable relevant bid and offered prices for the Reference Bond. 
 Unless the Company defaults on payment of the
redemption price, interest will cease to accrue on the redemption date on the Securities or portions thereof called for redemption. 

SECTION 2.05 Loss Absorption Disqualification Event Redemption. If a Loss Absorption Regulations Event occurs on or after the
Issue Date (and, in the case of a successor entity, occurs on or after the date of such entity’s assumption of the Company’s obligations) that does, or would be likely to (in the opinion of the Company, the PRA or any other relevant
national or European authority), result in a Loss Absorption Disqualification Event, the Company may, at the Company’s option, at any time, redeem the Securities, in whole but not in part, at a Redemption Price to 100% of the principal amount
of the Securities being redeemed together with accrued but unpaid interest, if any, on the principal amount of the Securities to be redeemed to (but excluding) the Redemption Date, provided that such Loss Absorption Disqualification Event
cannot be avoided by the Company exercising its option to cause an Events of Default Substitution in accordance with SECTION 2.06 hereof. For the avoidance of doubt, except as otherwise set forth in this First Supplemental Indenture, Article 11 of
the Base Indenture shall apply to any redemption of Securities pursuant to this SECTION 2.05. 
 SECTION 2.06 Events of Default
Substitution. If the inclusion of any of the “Events of Default” set forth in Section 5.01 of the Base Indenture in the terms of the Securities does, or would be likely to (in the opinion of the Company, the PRA or any other
relevant national or European authority), result in a Loss Absorption Disqualification Event following a Loss Absorption Regulations Event that occurs on or after the Issue Date (and, in the case of a successor entity, that occurs on or after the
date of such entity’s assumption of the Company’s obligations), then the Company may, at the Company’s option, without the need for the Company to obtain any consent from any Holders of the Securities, determine that the terms of
Sections 5.01, 5.02 and 5.03 (except for Sections 5.03(c) and 5.03(f)) of the Base Indenture shall cease to apply to the Securities and shall be replaced in their entirety by the enforcement events and remedies set forth in SECTION 2.07 hereof. 

  
 - 9 - 

 SECTION 2.07 Enforcement Events and Remedies Following an Events of Default
Substitution 
 (a) If a Winding-Up Event occurs, the principal amount of the Outstanding Securities, together with any accrued but
unpaid interest thereon, shall become immediately due and payable, without the need of any further action on the part of the Trustee, the Holders or any other Person. 

(b) If the Company fails to pay any amount that has become due and payable under the Securities and such failure continues for fourteen
(14) days, the Trustee may provide a written notice of such failure to the Company. If within a period of fourteen (14) days following the provision of such notice, the failure continues and has not been cured nor waived (a “Non-Payment Event”), the Trustee may at its discretion and without further notice to the Company institute proceedings in England (or such other jurisdiction in which the Company may be organized) (but not
elsewhere) for the Company’s winding-up and/or prove in the Company’s winding-up and/or claim in the Company’s liquidation or administration. 

(c) In addition to the remedies for a Non-Payment Event provided in SECTION 2.07(b) hereof, the Trustee
may, without further notice, institute such proceedings against the Company as the Trustee may deem fit to enforce any term, obligation or condition binding on the Company under the Securities or the Indenture (other than any payment obligation of
the Company under or arising from the Securities or the Indenture, including, without limitation, payment of any principal or interest, including Additional Amounts) (such obligation, a “Performance Obligation”); provided
always that the Trustee (acting on behalf of the Holders and Beneficial Owners of the Securities) and the Holders and Beneficial Owners of the Securities may not enforce, and may not be entitled to enforce or otherwise claim, against the Company any
judgment or other award given in such proceedings that requires the payment of money by the Company, whether by way of damages or otherwise (a “Monetary Judgment”), except by proving such Monetary Judgment in the Company’s winding-up and/or by claiming such Monetary Judgment in the Company’s administration. 
 (d) By its
acquisition of the Securities, each Holder and Beneficial Owner of the Securities acknowledges and agrees that such Holder and Beneficial Owner shall not seek to enforce or otherwise claim, and shall not direct the Trustee (acting on behalf of the
Holders and Beneficial Owners of the Securities) to enforce or otherwise claim, a Monetary Judgment against the Company in connection with the Company’s breach of a Performance Obligation, except by proving such Monetary Judgment in the
Company’s winding-up and/or by claiming such Monetary Judgment in the Company’s administration. 

(e) Other than the limited remedies specified in this SECTION 2.07 and subject to SECTION 2.07(f) hereof, following an Events of Default
Substitution no remedy against the Company shall be available to the Trustee (acting on behalf of the Holders and Beneficial Owners of the Securities) or the Holders and Beneficial Owners of the Securities whether for the recovery of amounts owing
in respect of such Securities or under the Indenture 

  
 - 10 - 

 
or in respect of any breach by the Company of any of the Company’s obligations under or in respect of the terms of such Securities or under the Indenture in relation thereto;
provided, however, that the Company’s obligations to, and rights of, the Trustee under Section 6.07 of the Base Indenture and the Trustee’s rights to have money collected applied first to pay amounts due to it under such
Section pursuant to Section 5.06 of the Base Indenture expressly survive any such Events of Default Substitution and any Senior Enforcement Event. 

(f) Notwithstanding the limitation on remedies specified in this SECTION 2.07, (1) the Trustee shall have such powers as are required to be
authorized to it under the Trust Indenture Act in respect of the rights of the Holders of the Securities under the provisions of the Indenture and (2) nothing shall impair the right of a Holder of the Securities under the Trust Indenture Act,
absent such Holder’s consent, to sue for any payment due but unpaid with respect to the Securities. No Holder of Securities shall be entitled to proceed directly against the Company except as described in Section 5.07 of the Base
Indenture. 
 SECTION 2.08 Notice of Events of Default Substitution. Any Events of Default Substitution shall be subject to
the Company’s giving prior notice to the Trustee and to the Holders of the Securities via Clearstream, Luxembourg and/or Euroclear (or, if the Securities are held in definitive form, to the Holders at their addresses shown on the register for
the Securities) (such notice being irrevocable) specifying the Company’s election to cause an Events of Default Substitution and the effective date of such Events of Default Substitution. 

SECTION 2.09 Events of Default Substitution Certificate. Prior to giving the notice described in SECTION 2.08 hereof, the
Company shall deliver to the Trustee an Officer’s Certificate stating that the Company is entitled to elect to cause an Events of Default Substitution in accordance with SECTION 2.06 hereof. Such Officer’s Certificate shall be treated by
the Company, the Trustee, the Holders and all other interested parties as correct and sufficient evidence thereof. 
 SECTION 2.10
Agreement with Respect to Enforcement Events and Remedies Following an Events of Default Substitution. By its acquisition of the Securities, each Holder and Beneficial Owner of the Securities acknowledges, accepts, agrees to be bound by, and
consents to, the substitution of Sections 5.01, 5.02 and 5.03 (except for Sections 5.03(c) and 5.03(f)) of the Base Indenture with SECTION 2.07 hereof on the occurrence of an Events of Default Substitution in accordance with SECTION 2.06 hereof, at
the Company’s option, without the need for the Company to obtain any consent from such Holder or Beneficial Owner. 
 SECTION
2.11 Trustee’s Duties Following an Events of Default Substitution. In case of a Senior Enforcement Event, the Trustee shall exercise such of the rights and powers vested in it by the Indenture, and use the same degree
of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. For these purposes, a “Senior Enforcement Event” shall occur (i) upon the
occurrence of a Winding-Up Event, (ii) upon the occurrence of a Non-Payment Event or (iii) upon a breach by the Company of a Performance Obligation with
respect to the Securities. 

  
 - 11 - 

 SECTION 2.12 Waiver of Certain Past Events of Default Following an Events of Default
Substitution. For purposes of the Base Indenture following an Events of Default Substitution, Section 5.13 of the Base Indenture shall be replaced in its entirety by the following: 

“(a) Holders of not less than a majority in aggregate principal amount of the Outstanding Senior Debt Securities of any
series may on behalf of the Holders of all of the Senior Debt Securities of such series waive any past Event of Default that results from a breach by the Company of a Performance Obligation. Holders of a majority of the aggregate principal amount of
the Outstanding Senior Debt Securities of such series shall not be entitled to waive any past Event of Default that results from a Winding-Up Event or a Non-Payment
Event. 
 (b) Upon the occurrence of any waiver permitted by paragraph (a) above, such Event of Default shall cease to
exist, and any Event of Default with respect to any series arising therefrom shall be deemed to have been cured and not to have occurred for every purpose of this Senior Debt Securities Indenture, but no such waiver shall extend to any subsequent or
other Event of Default or impair any right consequent thereon.” 
 SECTION 2.13 Notice of Defaults Following an Events of
Default Substitution. For purposes of the Base Indenture following an Events of Default Substitution, Section 6.02 of the Base Indenture shall be replaced in its entirety by the following: 

“Within ninety (90) days after the occurrence of any Event of Default hereunder with respect to Senior Debt
Securities of any series, the Trustee shall transmit in the manner and to the extent provided in Section 1.06 to Holders of Senior Debt Securities of such series notice of such Event of Default hereunder actually known to the Trustee, unless
such Event of Default shall have been cured or waived; provided, however, that the Trustee shall be protected in withholding such notice if a trust committee of Responsible Officers of the Trustee determine in good faith that the
withholding of such notice is in the interest of the Holders of Senior Debt Securities of such series.” 
 SECTION 2.14
Applicability of the Term “Event of Default” Following an Events of Default Substitution. For purposes of the Base Indenture following an Events of Default Substitution, “Event of Default” shall
mean “Senior Enforcement Event” as defined in this First Supplemental Indenture, except that the term “Event of Default” as used in Sections 3.05(c)(ii) and 6.07 of the Base Indenture and Article 8 of the Base Indenture shall
mean “Winding-Up Event.” 
 SECTION 2.15 Certain Acts of Holders Following an
Events of Default Substitution. For purposes of the Base Indenture following an Events of Default Substitution, Section 1.04(d) of the Base Indenture shall be replaced in its entirety by the following: 

“Upon receipt by the Trustee from any Holder of Senior Debt Securities of a particular series of any direction referred to
in Section 5.12 with respect to Senior Debt Securities of such series, if the Trustee shall not have taken the action specified in such direction, then the Trustee may set a record date for determining the Holders of Outstanding Senior Debt
Securities of such series entitled to join in such direction. The Trustee will notify the Company and the Holders of Outstanding Senior Debt Securities 

  
 - 12 - 

 
of such series of any such record date so fixed. The Holders of Outstanding Senior Debt Securities of such series as of the close of business on such record date, and no other Holders, shall be
entitled to join in such direction, whether or not such Holders remain Holders after such record date.” 
 SECTION 2.16
Termination of Global Security. Definitive securities representing the Securities will only be issued in limited circumstances described under Section 3.05(c)(ii) of the Base Indenture, provided that the Company shall not have the option
described under Section 3.05(c)(ii)(C) of the Base Indenture to determine in its sole discretion that the Global Security representing the Securities should be exchanged for definitive Securities. 

SECTION 2.17 Subsequent Holder’s Agreement. For purposes of Article 13 of the Base Indenture, the
acknowledgment and agreement of each Holder and Beneficial Owner of the Securities set forth therein shall also include, without limitation, an acknowledgment and agreement in relation to the provisions contained in SECTION 2.10 hereof. 

SECTION 2.18 Notice of Redemption. 

(a) Before the Company may redeem the Securities pursuant to SECTION 2.04 or SECTION 2.05 hereof or pursuant to Section 11.09 of the Base
Indenture, the Company shall deliver via Clearstream, Luxembourg and/or Euroclear (or, if the Securities are definitive Securities, to the Holders at their addresses shown on the register for the Securities) prior notice of not less than thirty
(30) days, nor more than sixty (60) days, to the Holders of the Securities. The Company shall deliver written notice of such redemption of the Securities to the Trustee at least five (5) Business Days prior to the date on which the
relevant notice of redemption is sent to Holders (unless a shorter notice period shall be satisfactory to the Trustee). Such notice shall specify the Company’s election to redeem the Securities and the date fixed for such redemption and shall
be irrevocable except in the limited circumstances described in paragraphs (b) below. 
 (b) If the Company has delivered a notice of
redemption pursuant to paragraph (a) of this Section 2.18, but prior to the payment of the redemption amount with respect to such redemption the Relevant U.K. Resolution Authority exercises its U.K.
Bail-in Power with respect to the Securities, such redemption notice shall be automatically rescinded and shall be of no force and effect, and no payment in respect of the redemption amount shall be due and
payable. 
 (c) If any event specified in paragraph (b) above occurs, the Company shall promptly deliver notice to the Holders of the
Securities via Clearstream, Luxembourg and/or Euroclear (or, if the Securities are definitive Securities, to the Holders at their addresses shown on the shown on the register for the Securities) and to the Trustee directly, specifying the occurrence
of the relevant event. 
 SECTION 2.19 Agreement with Respect to Exercise of U.K. Bail-in
Power. Any references to “DTC” in Article 12 of the Base Indenture shall be deemed to refer to Clearstream, Luxembourg and/or Euroclear. 

  
 - 13 - 

 SECTION 2.20 Depositary. For purposes of the Securities, the term Depositary shall
include Clearstream, Luxembourg and/or Euroclear and references to the “Depositary” in the Base Indenture shall be deemed to refer to Clearstream, Luxembourg and/or Euroclear. 

ARTICLE III 

MISCELLANEOUS PROVISIONS 

SECTION 3.01 Effectiveness. This First Supplemental Indenture shall become effective upon its execution and delivery. 

SECTION 3.02 Original Issue. The Securities may, upon execution of this First Supplemental Indenture, be executed by the Company
and delivered by the Company to the Trustee for authentication, and the Trustee shall, upon a Company Order, authenticate and deliver such Securities as in such Company Order provided. 

SECTION 3.03 Ratification and Integral Part. The Base Indenture as supplemented by this First Supplemental Indenture, is in all
respects ratified and confirmed, including without limitation all the rights, immunities and indemnities of the Trustee, and this First Supplemental Indenture shall be deemed an integral part of the Base Indenture in the manner and to the extent
herein and therein provided. 
 SECTION 3.04 Priority. This First Supplemental Indenture shall be deemed part of the Indenture
in the manner and to the extent herein and therein provided. The provisions of this First Supplemental Indenture shall, with respect to the Securities and subject to the terms hereof, supersede the provisions of the Base Indenture to the extent the
Base Indenture is inconsistent herewith. 
 SECTION 3.05 Not Responsible for Recitals or Issuance of Securities. The
recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, shall be taken as the statements of the Company, and neither the Trustee nor any authenticating agent assumes any responsibility for their
correctness. The Trustee makes no representations as to the validity or sufficiency of this First Supplemental Indenture or of the Securities, except that the Trustee represents and warrants that it has duly authorized, executed and delivered this
First Supplemental Indenture. Neither the Trustee nor any authenticating agent shall be accountable for the use or application by the Company of the Securities or the proceeds thereof. 

SECTION 3.06 Successors and Assigns. All covenants and agreements in the Base Indenture, as supplemented and amended by this
First Supplemental Indenture, by the Company shall bind its successors and assigns, whether so expressed or not. 
 SECTION 3.07
Counterparts. This First Supplemental Indenture 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.

  
 - 14 - 

 SECTION 3.08 Governing Law. This First Supplemental Indenture and the Securities
shall be governed by and construed in accordance with the laws of the State of New York, except for the waiver of set-off provisions set forth in Section 5.03(c) of the Base Indenture, which shall be
governed by and construed in accordance with English law, and except that the authorization and execution of this First Supplemental Indenture and the Securities shall be governed (in addition to the laws of the State of New York relevant to
execution) by the respective jurisdictions of organization of the Company and the Trustee, as the case may be. 
 [Signature Page
Follows] 

  
 - 15 - 

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

			
	BARCLAYS PLC
		
	By:	 	 /s/ Daniel David

		 	Name: Daniel David
		 	Title:   Vice President, Capital Markets Execution
	
	 THE BANK OF NEW
YORK MELLON, AS TRUSTEE, PAYING AGENT AND SENIOR DEBT SECURITY
REGISTRAR

		
	By:	 	 /s/ Thomas Vanson

		 	Name: Thomas Vanson
		 	Title:   Authorised Signatory

 [Signature Page to First Supplemental Indenture] 

 

 EXHIBIT A 

Form of Global Note 
 THIS SECURITY IS A
GLOBAL REGISTERED SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO
TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

This Security is one of a duly authorized issue of securities of the Company (as defined below) (herein called the “Securities” and each, a
“Security”) issued and to be issued in one or more series under and governed by the Senior Debt Securities Indenture, dated as of January 17, 2018 (the “Base Indenture”), as amended and supplemented by the
First Supplemental Indenture, dated as of January 17, 2018 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”). 

Notwithstanding any other agreements, arrangements, or understandings between the Company and any Holder or Beneficial Owner of the Securities, by acquiring
the Securities, each Holder and Beneficial Owner of the Securities acknowledges, accepts, agrees to be bound by, and consents to, the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution
Authority (as those terms are defined in the Base Indenture) and the provisions set forth in Section 12.01 of the Base Indenture. 
 In accordance with
Section 2.10 of the First Supplemental Indenture, by its acquisition of the Securities, each Holder and Beneficial Owner of the Securities acknowledges, accepts, agrees to be bound by, and consents to, the substitution of Sections 5.01, 5.02
and 5.03 (except for Sections 5.03(c) and 5.03(f)) of the Base Indenture with Section 2.07 of the First Supplemental Indenture on the occurrence of an Events of Default Substitution (as defined below) in accordance with Section 2.06 of the
First Supplemental Indenture, at the Company’s option, without the need for the Company to obtain any consent from such Holder or Beneficial Owner. 

In accordance with Article 13 of the Base Indenture and Section 2.17 of the First Supplemental Indenture, each Holder and Beneficial Owner of the
Securities that acquires the Securities in the secondary market shall be deemed to acknowledge, agree to be bound by, and consent to, the same provisions set forth in the Securities and the Indenture to the same extent as the Holders and Beneficial
Owners of the Securities that acquire the Securities upon their initial issuance, including, without limitation, with respect to the acknowledgement and agreement to be bound by, and consent to, the terms of the Securities, including in relation to
the provisions contained in Section 5.03(c) and Section 12.01 of the Base Indenture and Section 2.10 of the First Supplemental Indenture. 

  
 A-1 

 BARCLAYS PLC 

3.250% Fixed Rate Senior Notes due 2033 
  

			
	No. 00[●]	  	£[●]

 CUSIP NO. 06738E AZ8 

ISIN NO. XS1748699011 
 COMMON CODE
NO. 174869901 
 BARCLAYS PLC, a company duly incorporated and existing under the laws of England and Wales (herein called the
“Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank of New York Depository (Nominees) Limited, or registered assigns, the principal
sum of £[●] ([●] POUNDS STERLING) on January 17, 2033 (the “Maturity Date”), except as otherwise provided herein, and to pay interest thereon, in accordance with the terms hereof. Interest shall accrue on this
Security from January 17, 2018 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, and shall be paid annually in arrear on January 17 of each year (the “Interest
Payment Date”), commencing on January 17, 2019 and ending on the Maturity Date, except as otherwise provided herein, at the rate of 3.250% per annum, until the principal hereof is paid or made available for payment. 

If any Interest Payment Date is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day, but
interest on that payment will not accrue during the period from and after the scheduled Interest Payment Date. If the Maturity Date or date of redemption or repayment is not a Business Day, the payment of interest and principal and/or any amount
payable upon redemption or repayment of the Securities shall be made on the next succeeding Business Day, but interest on that payment shall not accrue during the period from and after such Maturity Date or date of redemption or repayment. If the
Securities are redeemed, unless the Company defaults on payment of the Redemption Price, interest shall cease to accrue on the redemption date on the Securities called for redemption. 

Where interest is to be calculated in respect of a period which is equal to or shorter than an Interest Period, it will be calculated on the
basis of the actual number of days in the relevant period, from and including the last date on which interest was paid on the Securities (or January 17, 2018, if no interest has been paid on the Securities), to, but excluding, the next date on
which interest falls due, divided by the number of days in the Interest Period in which the relevant period falls (including the first such day but excluding the last). 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid
to the Person in whose name the relevant Security (or any Predecessor Security) is registered at the close of business on the Regular Record Date (as defined in the First Supplemental Indenture) for such interest. 

  
 A-2 

 No repayment of the principal amount of the Securities or payment of interest on the Securities
shall become due and payable after the exercise of any U.K. Bail-in Power by the Relevant U.K. Resolution Authority, unless such repayment or payment would be permitted to be made by the Company under the laws
and regulations of the United Kingdom and the European Union applicable to the Company. 
 Payments of principal of and interest, if any, on
the Securities shall be made in such coin or currency of the United Kingdom as at the time of payment is legal tender for payment of public and private debts and such payments shall be made through one or more Paying Agents appointed under the
Indenture to the Holder or Holders of this Security. Initially, the Paying Agent and the Senior Debt Security Registrar for the Securities shall be The Bank of New York Mellon, London Branch, One Canada Square, London E14 5AL, United Kingdom and the
Place of Payment in respect of the Securities shall be the Corporate Trust Office of the Trustee, which as of the date hereof is hereby designated for purposes of the Securities initially as the office or agency of the Trustee located at said
address. The Company at any time and from time to time may change the Paying Agent or, subject to Section 9.01 of the Base Indenture, the Place of Payment, and the Senior Debt Security Registrar without prior notice to the Holders of the
Securities, and in such an event the Company may act as Paying Agent or Security Registrar. Payments of principal of and interest on the Securities shall be made by wire transfer of immediately available funds; provided, however, that
in the case of payments of principal, this Security is first surrendered to the Paying Agent. 
 If sterling is unavailable to the Company
due to the imposition of exchange controls or other circumstances beyond the Company’s control or is no longer used for the settlement of transactions by public institutions within the international banking community, then all payments in
respect of the Securities will be made in U.S. dollars until sterling is again available to the Company or so used. The amount payable on any date in sterling will be converted into U.S. dollars at the Market Exchange Rate as of the close of
business on the second Business Day prior to the relevant payment date or, if such Market Exchange Rate is not then available, on the basis of the then most recent U.S. dollar/sterling exchange rate available on or prior to the second Business Day
prior to the relevant payment date as determined by the Company in its sole discretion. 
 Any payment in respect of the Securities so made
in U.S. dollars will not constitute an Event of Default or Senior Enforcement Event (if applicable) under the Indenture or the Securities. Neither the Trustee nor the paying agent will be responsible for obtaining exchange rates, effecting currency
conversions or otherwise handling redenominations. 
 This Security shall be governed by and construed in accordance with the laws of the
State of New York, except for the waiver of set-off provisions referenced herein and set forth in Section 5.03(c) of the Base Indenture which shall be governed by and construed in accordance with English
law. 
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall
for all purposes have the same effect as if set forth at this place. 
 All terms used in this Security which are defined in the Indenture
shall have the meanings assigned to them in the Indenture, as defined herein. 

  
 A-3 

 THIS SECURITY IS NOT A DEPOSIT AND IS NOT COVERED BY THE U.K. FINANCIAL SERVICES COMPENSATION
SCHEME OR INSURED BY THE UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY OF THE UNITED STATES, THE UNITED KINGDOM OR ANY OTHER JURISDICTION. 

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

  
 A-4 

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

 

							
	Date:	 		 	BARCLAYS PLC
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

 Trustee’s Certificate of Authentication 

This is one of the Securities of the series designated herein referred to in the Indenture. 

 

							
	Date:	 		 	THE BANK OF NEW YORK MELLON, as Trustee
				
		 		 	By:	 	  

		 		 		 	 Authorized Signatory

		 		 		 	

 [Signature Page to Global Note No [●]] 

 (Reverse of Security) 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities” and each, a
“Security”) issued and to be issued in one or more series under and governed by the Senior Debt Securities Indenture, dated as of January 17, 2018 (herein called the “Base Indenture”), between the Company and
The Bank of New York Mellon, London Branch, as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture (as defined below)) as amended and supplemented by the First Supplemental Indenture,
dated as of January 17, 2018 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), and reference is hereby made to the Indenture, the terms of which are incorporated
herein by reference, for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee, the Holders of the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. Insofar as the provisions of the Indenture conflict with this Security, the Indenture shall control for purposes of this Security. 

This Security is one of the series designated on the face hereof, limited to an aggregate principal amount of £1,250,000,000, which
amount may be increased at the option of the Company if in the future it determines that it may wish to sell additional Securities of this series. References herein to “this series” mean the series designated on the face hereof.

 The provisions set forth in Section 10.04 of the Base Indenture are applicable to this Security. In addition, the Company agrees, to
the extent the Company has actual knowledge of such information, to provide the Paying Agent with sufficient information about any modification to the terms of the Securities for the purposes of determining whether FATCA Withholding Tax applies to
any payment of principal or interest in the Securities. 
 The Company may redeem the Securities pursuant to Section 2.04 of the First
Supplemental Indenture. The Company may also redeem the Securities pursuant to Section 11.09 of the Base Indenture and/or Section 2.05 of the First Supplemental Indenture. Any redemption of Securities by the Company is subject to the
notice period and provisions set forth in Sections 11.02 and 11.04 of the Base Indenture and in Section 2.18 of the First Supplemental Indenture, and to the conditions set forth in Section 11.10 of the Base Indenture. 

The Company may repurchase the Securities pursuant to Section 11.12 of the Base Indenture. 

Section 3.05(c)(ii)(C) of the Base Indenture shall not apply to the Securities. 

All authority conferred or agreed to be conferred by each Holder and Beneficial Owner pursuant to this Security, including the consents given
by such Holder and Beneficial Owner, shall be binding upon the successors, assigns, heirs, executors, administrators, trustees in bankruptcy and legal representatives of such Holder and Beneficial Owner. 

  
 A-6 

 The Securities shall constitute the Company’s direct, unconditional, unsecured and
unsubordinated obligations and shall at all times rank pari passu without any preference among themselves. In the event of a winding-up or administration of the Company, the Securities shall rank
pari passu with all other outstanding unsecured and unsubordinated obligations of the Company, present and future, except such obligations as are preferred by operation of law. 

Subject to applicable law, no Holder or Beneficial Owner of the Securities may exercise, claim or plead any right of set-off, compensation or retention in respect of any amount owed to it by the Company arising under, or in connection with, the Securities and the Indenture and each Holder and Beneficial Owner shall, by virtue of
its holding of any Security, be deemed to have waived all such rights of set-off, compensation or retention. Notwithstanding the foregoing, if any amounts due and payable to any Holder or Beneficial Owner of
the Securities by the Company in respect of, or arising under, the Securities or the Indenture are discharged by set-off, such Holder or Beneficial Owner shall, subject to applicable law immediately pay to the
Company an amount equal to the amount of such discharge (or, in the event of its winding-up or administration, the liquidator or administrator of the Company, as the case may be) and, until such time as
payment is made, shall hold an amount equal to such amount in trust for the Company (or the liquidator or administrator of the Company, as the case may be) and, accordingly, any such discharge shall be deemed not to have taken place. By its
acquisition of the Securities, each Holder and Beneficial Owner agrees to be bound by these provisions relating to waiver of set-off. No Holder of Securities shall be entitled to proceed directly against the
Company except as described in Section 5.07 of the Base Indenture. 
 This Security is subject to the provisions regarding the U.K. Bail-in Power Acknowledgement set forth in Section 12.01 of the Base Indenture, subject to the provisions of Section 2.19 of the First Supplemental Indenture. 

The Securities are subject to provisions set forth in Article 5 of the Base Indenture, provided that if the inclusion of any of the
“Events of Default” set forth in Section 5.01 of the Base Indenture in the terms of the Securities does, or would be likely to (in the opinion of the Company, the PRA or any other relevant national or European authority), result in a
Loss Absorption Disqualification Event (as defined in the First Supplemental Indenture) following a Loss Absorption Regulations Event (as defined in the First Supplemental Indenture) that occurs on or after the Issue Date (as defined in the First
Supplemental Indenture) (and, in the case of a successor entity, that occurs on or after the date of such entity’s assumption of the Company’s obligations), then the Company may, at the Company’s option, without the need for the
Company to obtain any consent from any Holders of the Securities, determine that the terms of Section 5.01, Section 5.02 and Section 5.03 (except for Section 5.03(c) and Section 5.03(f)) of the Base Indenture shall cease to
apply to the Securities and shall be replaced in their entirety by the enforcement events and remedies set forth in the second and third following paragraphs and as contemplated by Section 2.07 of the First Supplemental Indenture (such
replacement, an “Events of Default Substitution”). 
 Any Events of Default Substitution will also be subject to the
provisions of Section 2.08 and 2.09 of the First Supplemental Indenture. Following an Events of Default Substitution, the Securities will be subject to Section 2.10, Section 2.11, Section 2.12, Section 2.13,
Section 2.14 and Section 2.15 of the First Supplemental Indenture. 

  
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 Following an Events of Default Substitution, if a
Winding-Up Event (as defined in the First Supplemental Indenture) occurs, the principal amount of this Security, together with any accrued but unpaid interest thereon, shall become immediately due and payable,
without the need of any further action on the part of the Trustee, the Holders or any other Person. 
 Following an Events of Default
Substitution, if a Non-Payment Event (as defined in the First Supplemental Indenture) occurs, the Trustee may, at its discretion, and without further notice to the Company, institute proceedings in England (or
such other jurisdiction in which the Company may be organized) (but not elsewhere) for the winding-up of the Company and/or prove in a winding-up of the Company and/or
claim in a liquidation or administration of the Company. 
 Following an Events of Default Substitution, the Securities will also subject to
the limitation of remedies provisions set forth in Section 2.07 of the First Supplemental Indenture. 
 The Indenture permits the
amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture as contemplated by Article 9 of the Base Indenture. To the extent
required by the U.S. Trust Indenture Act of 1939, as amended, but otherwise notwithstanding any other provision in this Security, the Holder of this Security shall have the right to receive (subject to Section 3.07 of the Base Indenture)
payment of any principal of, and interest on, this Security when due (or, in the case of redemption, on or after the Redemption Date), and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the
consent of such Holder or holder. 
 This Security, and any other Securities of this series and of like tenor, are issuable only in
registered form without coupons in initial denominations of £100,000 and increments of £1,000 thereafter. The denominations cannot be changed without the consent of the Trustee. The provisions on registration, transfer, or exchange, of
the Securities set forth in Section 3.05 of the Base Indenture are applicable to the Securities. 
 No service charge shall be made for
any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

This Security shall be governed by and construed in accordance with the laws of the State of New York, except for the waiver of set-off provisions referenced herein and set forth in Section 5.03(c) of the Base Indenture, which shall be governed by and construed in accordance with English law. 

  
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