Document:

Indenture, dated February 7, 2007

 Exhibit 10.2 
 SunPower Corporation 
 INDENTURE 
 Dated as of February 7, 2007 
 Wells Fargo Bank, National Association,

 as 
 Trustee

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
		
	ARTICLE 1         DEFINITIONS AND INCORPORATION BY REFERENCE	  	2
			
	 Section 1.1
	  	Definitions	  	2
			
	 Section 1.2
	  	Other Definitions	  	6
			
	 Section 1.3
	  	Incorporation by Reference of Trust Indenture Act	  	6
			
	 Section 1.4
	  	Rules of Construction	  	7
		
	ARTICLE 2         THE SECURITIES	  	7
			
	 Section 2.1
	  	Issuable in Series	  	7
			
	 Section 2.2
	  	Establishment of Terms of Series of Securities	  	7
			
	 Section 2.3
	  	Execution and Authentication	  	10
			
	 Section 2.4
	  	Registrar and Paying Agent	  	11
			
	 Section 2.5
	  	Paying Agent to Hold Money in Trust	  	12
			
	 Section 2.6
	  	Securityholder Lists	  	12
			
	 Section 2.7
	  	Exchange and Registration of Transfer	  	12
			
	 Section 2.8
	  	Mutilated, Destroyed, Lost and Stolen Securities	  	13
			
	 Section 2.9
	  	Outstanding Securities	  	14
			
	 Section 2.10
	  	Treasury Securities	  	15
			
	 Section 2.11
	  	Temporary Securities	  	15
			
	 Section 2.12
	  	Cancellation	  	15
			
	 Section 2.13
	  	Defaulted Interest	  	15
			
	 Section 2.14
	  	Global Securities	  	16
			
	 Section 2.15
	  	CUSIP and ISIN Numbers	  	17
		
	ARTICLE 3         REDEMPTION	  	17
			
	 Section 3.1
	  	1 Notice to Trustee	  	17
			
	 Section 3.2
	  	Selection of Securities to be Redeemed	  	17
			
	 Section 3.3
	  	Notice of Redemption	  	18
			
	 Section 3.4
	  	Effect of Notice of Redemption	  	18
			
	 Section 3.5
	  	Deposit of Redemption Price	  	18
			
	 Section 3.6
	  	Securities Redeemed in Part	  	18
		
	ARTICLE 4         COVENANTS	  	19
			
	 Section 4.1
	  	Payment of Principal and Interest	  	19

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	 Section 4.2
	  	SEC Reports	  	19
			
	 Section 4.3
	  	Compliance Certificate	  	19
			
	 Section 4.4
	  	Stay, Extension and Usury Laws	  	19
			
	 Section 4.5
	  	Corporate Existence	  	19
			
	 Section 4.6
	  	Maintenance of Office or Agency	  	20
			
	 Section 4.7
	  	Money For Securities Payments to be Held in Trust	  	20
		
	ARTICLE 5         SUCCESSORS	  	21
			
	 Section 5.1
	  	When Company May Merge, Etc	  	21
			
	 Section 5.2
	  	Successor Corporation Substituted	  	22
		
	ARTICLE 6         DEFAULTS AND REMEDIES	  	22
			
	 Section 6.1
	  	Events of Default	  	22
			
	 Section 6.2
	  	Acceleration of Maturity; Rescission and Annulment	  	23
			
	 Section 6.3
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	24
			
	 Section 6.4
	  	Trustee May File Proofs of Claim	  	25
			
	 Section 6.5
	  	Trustee May Enforce Claims Without Possession of Securities	  	26
			
	 Section 6.6
	  	Application of Money Collected	  	26
			
	 Section 6.7
	  	Limitation on Suits	  	26
			
	 Section 6.8
	  	Unconditional Right of Holders to Receive Principal and Interest	  	27
			
	 Section 6.9
	  	Restoration of Rights and Remedies	  	27
			
	 Section 6.10
	  	Rights and Remedies Cumulative	  	27
			
	 Section 6.11
	  	Delay or Omission Not Waiver	  	27
			
	 Section 6.12
	  	Control by Holders	  	27
			
	 Section 6.13
	  	Waiver of Past Defaults	  	28
			
	 Section 6.14
	  	Undertaking for Costs	  	28
		
	ARTICLE 7         TRUSTEE	  	28
			
	 Section 7.1
	  	Duties of Trustee	  	28
			
	 Section 7.2
	  	Rights of Trustee	  	30
			
	 Section 7.3
	  	Individual Rights of Trustee	  	31
			
	 Section 7.4
	  	Trustee’s Disclaimer	  	31

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	 Section 7.5
	  	Notice of Defaults	  	31
			
	 Section 7.6
	  	6 Reports by Trustee to Holders	  	31
			
	 Section 7.7
	  	Compensation and Indemnity	  	31
			
	 Section 7.8
	  	Replacement of Trustee	  	32
			
	 Section 7.9
	  	9 Successor Trustee by Merger, etc	  	33
			
	 Section 7.10
	  	Eligibility; Disqualification	  	33
			
	 Section 7.11
	  	Preferential Collection of Claims Against Company	  	33
		
	ARTICLE 8         SATISFACTION AND DISCHARGE; DEFEASANCE	  	34
			
	 Section 8.1
	  	Satisfaction and Discharge of Indenture	  	34
			
	 Section 8.2
	  	Application of Trust Funds; Indemnification	  	35
			
	 Section 8.3
	  	Legal Defeasance of Securities of any Series	  	35
			
	 Section 8.4
	  	Covenant Defeasance	  	37
			
	 Section 8.5
	  	Repayment to Company	  	38
		
	ARTICLE 9         AMENDMENTS AND WAIVERS	  	38
			
	 Section 9.1
	  	Without Consent of Holders	  	38
			
	 Section 9.2
	  	With Consent of Holders	  	38
			
	 Section 9.3
	  	Limitations	  	39
			
	 Section 9.4
	  	Compliance with Trust Indenture Act	  	40
			
	 Section 9.5
	  	Revocation and Effect of Consents	  	40
			
	 Section 9.6
	  	Notation on or Exchange of Securities	  	40
			
	 Section 9.7
	  	Trustee Protected	  	40
		
	ARTICLE 10        SUBORDINATION OF SECURITIES	  	40
			
	 Section 10.1
	  	Agreement to Subordinate	  	40
			
	 Section 10.2
	  	Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Securities	  	41
			
	 Section 10.3
	  	No Payment on Securities in Event of Default on Senior Debt	  	42
			
	 Section 10.4
	  	Payments on Securities Permitted	  	42
			
	 Section 10.5
	  	Authorization of Securityholders to Trustee to Effect Subordination	  	43
			
	 Section 10.6
	  	Notices to Trustee	  	43
			
	 Section 10.7
	  	Trustee as Holder of Senior Debt	  	44

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	 Section 10.8
	  	Modifications of Terms of Senior Debt	  	44
			
	 Section 10.9
	  	Reliance on Judicial Order or Certificate of Liquidating Agent	  	44
			
	 Section 10.10
	  	Satisfaction and Discharge; Defeasance and Covenant Defeasance	  	44
			
	 Section 10.11
	  	Trustee Has No Fiduciary Duty to Holders of Senior Debt	  	44
			
	 Section 10.12
	  	Paying Agents Other than the Trustee	  	45
		
	ARTICLE 11         MEETINGS OF HOLDERS; ACTION WITHOUT MEETING	  	45
			
	 Section 11.1
	  	Purposes For Which Meetings May Be Called	  	45
			
	 Section 11.2
	  	Call, Notice and Place of Meeting	  	45
			
	 Section 11.3
	  	Persons Entitled to Vote at Meetings	  	46
			
	 Section 11.4
	  	Quorum; Action	  	46
			
	 Section 11.5
	  	Attendance at Meetings; Determination of Voting Rights; Conduct and Adjournment of Meetings	  	47
			
	 Section 11.6
	  	Counting Votes and Recording Action of Meetings	  	47
		
	ARTICLE 12        MISCELLANEOUS	  	48
			
	 Section 12.1
	  	Trust Indenture Act Controls	  	48
			
	 Section 12.2
	  	Notices	  	48
			
	 Section 12.3
	  	Communication by Holders with Other Holders	  	49
			
	 Section 12.4
	  	Certificate and Opinion as to Conditions Precedent	  	49
			
	 Section 12.5
	  	Statements Required in Certificate or Opinion	  	49
			
	 Section 12.6
	  	Rules by Trustee and Agents	  	49
			
	 Section 12.7
	  	Legal Holidays	  	49
			
	 Section 12.8
	  	No Recourse Against Others	  	50
			
	 Section 12.9
	  	Counterparts	  	50
			
	 Section 12.10
	  	Governing Laws	  	50
			
	 Section 12.11
	  	No Adverse Interpretation of Other Agreements	  	50
			
	 Section 12.12
	  	Successors	  	50
			
	 Section 12.13
	  	Severability	  	50
			
	 Section 12.14
	  	Table of Contents, Headings, Etc	  	50
			
	 Section 12.15
	  	Securities in a Foreign Currency or in ECU	  	50
			
	 Section 12.16
	  	Judgment Currency	  	51

  

 -iv- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	 Section 12.17
	  	Acts of Holders	  	52
		
	ARTICLE 13        SINKING FUNDS	  	53
			
	 Section 13.1
	  	Applicability of Article	  	53
			
	 Section 13.2
	  	Satisfaction of Sinking Fund Payments with Securities	  	53
			
	 Section 13.3
	  	Redemption of Securities for Sinking Fund	  	54

  

 -v- 

 SUNPOWER CORPORATION 
 Reconciliation and tie between Trust Indenture Act of 1939 and Indenture, dated as of February 7, 2007. 
  

			
	§ 310(a)(1)	  	7.10
	(a)(2)	  	7.10
	(a)(3)	  	Not Applicable
	(a)(4)	  	Not Applicable
	(a)(5)	  	7.10
	(b)	  	7.10
	§ 311(a)	  	7.11
	(b)	  	7.11
	(c)	  	Not Applicable
	§ 312(a)	  	2.6
	(b)	  	12.3
	(c)	  	12.3
	§ 313(a)	  	7.6
	(b)(1)	  	7.6
	(b)(2)	  	7.6
	(c)(1)	  	7.6
	(d)	  	7.6
	§ 314(a)	  	4.2, 12.5
	(b)	  	Not Applicable
	(c)(1)	  	12.4
	(c)(2)	  	12.4
	(c)(3)	  	Not Applicable
	(d)	  	Not Applicable
	(e)	  	12.5
	(f)	  	Not Applicable
	§ 315(a)	  	7.1
	(b)	  	7.5
	(c)	  	7.1
	(d)	  	7.1
	(e)	  	6.14
	§ 316(a)	  	2.10
	(a)(1)(A)	  	6.12
	(a)(1)(B)	  	6.13
	(b)	  	6.8
	§ 317(a)(1)	  	6.3
	(a)(2)	  	6.4
	(b)	  	2.5
	§ 318(a)	  	12.1

 Note: This reconciliation and tie shall not, for any purpose, be deemed to be part of the Indenture. 

 Indenture dated as of February 7, 2007, between SunPower Corporation, a Delaware corporation (the
“Company”), and Wells Fargo Bank, National Association (the “Trustee”). 
 Each party agrees as follows for the benefit
of the other party and for the equal and 
 ARTICLE 1 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 Section 1.1    Definitions. 
 “Additional Amounts” means any additional amounts which are
required hereby or by any Security, under circumstances specified herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified therein and which are owing to such Holders. 
 “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 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. 
 “Agent” means any Registrar, Paying Agent, co-agent, co-registrar or Service Agent. 
 “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 days in each calendar week and of general circulation in the place in
connection with which the term is used. If it shall be impractical in the opinion of the Trustee to make any publication of any notice required hereby in an Authorized Newspaper, any publication or other notice in lieu thereof that is made or given
by the Trustee shall constitute a sufficient publication of such notice. 
 “Board of Directors” means the Board of Directors of
the Company or any committee thereof duly authorized to act in respect of matters relating to this Indenture. 
 “Board Resolution”
means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the
date of such certification and delivered to the Trustee. 
 “Business Day” means, unless otherwise provided by Board Resolution,
Officers’ Certificate or supplemental indenture hereto for a particular Series, each day which is not a Legal Holiday. 
 “Capital
Stock” of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any
debt securities convertible into such equity. 
  

 -2- 

 “Company” means the party named as such above until a successor replaces it and thereafter
means the successor. 
 “Company Order” means a written order delivered to the Trustee and signed in the name of the Company by two
Officers, one of whom must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 
 “Company Request” means a written request signed in the name of the Company by its Chairman of the Board, a President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and
delivered to the Trustee. 
 “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate
trust business shall be principally administered. 
 “Debt” of any Person as of any date means, without duplication, all
indebtedness of such Person in respect of borrowed money, including all interest, fees and expenses owed in respect thereto (whether or not the recourse of the lender is to the whole of the assets of such Person or only to a portion thereof), or
evidenced by bonds, notes, debentures or similar instruments. 
 “Default” means any event which is, or after notice or passage of
time would be, an Event of Default. 
 “Depositary” means, with respect to the Securities of any Series issuable or issued in whole
or in part in the form of one or more Global Securities, the Person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and if at any time there is more than one
such Person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 
 “Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due and payable upon declaration of acceleration of the maturity thereof pursuant to
Section 6.2. 
 “Dollars” means the currency of the United States of America. 
 “ECU” means the European Currency Unit as determined by the Commission of the European Union. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Foreign Currency” means any currency or currency unit issued by a government other than the government of the United States of America.

 “Foreign Government Obligations” means with respect to Securities of any Series that are denominated in a Foreign Currency,
(i) direct obligations of the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by or acting as an
agency or instrumentality of such government the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by such government, which, in either case under clauses (i) or (ii), are not callable or redeemable at
the option of the issuer thereof. 
  

 -3- 

 “Global Security” or “Global Securities” means a Security or Securities, as the case
may be, in the form established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 
 “Holder” or “Securityholder” means a Person in whose name a Security is registered in the Register or the holder of a Bearer
Security. 
 “Indenture” means this Indenture as originally executed and delivered and as amended from time to time and shall
include the form and terms of particular Series of Securities established as contemplated hereunder. 
 “interest” with respect to
any Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity. 
 “Maturity,”
when used with respect to any Security or installment of principal thereof, means the date on which the principal of such Security or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity
or by declaration of acceleration, call for redemption, notice of option to elect repayment or otherwise. 
 “Officer” means the
Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer, the President, any Vice-President, the Treasurer, the Secretary, any Assistant Treasurer or any Assistant Secretary of the Company or any other duly authorized officer,
agent, or attorney-in-fact of the Company named in an Officer’s Certificate. 
 “Officers’ Certificate” means a
certificate signed by two Officers, one of whom must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 
 “Opinion of Counsel” means a written opinion of legal counsel who is reasonably acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee. 
 “Person” means any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock company, trust,
unincorporated organization or government or any agency or political subdivision thereof. 
 “Preferred Stock”, as applied to the
Capital Stock of any Person, means Capital Stock of any class or classes (however designated) that is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such
Person, over shares of Capital Stock of any other class of such Person. 
 “principal” of a Security means the principal of the
Security plus, when appropriate, the premium, if any, on, and any Additional Amounts in respect of, the Security. 
  

 -4- 

 “SEC” means the Securities and Exchange Commission. 
 “Securities” means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered under this
Indenture. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder,
as in effect from time to time. 
 “Senior Debt” means the principal of, premium, if any, unpaid interest and all fees and other
amounts payable in connection with the following, whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, on (x) the Debt of the Company, for money borrowed other than (a) any Debt of the Company
which when incurred and without respect to any election under Section 1111(b) of the Federal Bankruptcy Code, was without recourse to the Company, (b) any Debt of the Company to any of its Subsidiaries, (c) Debt to any employee of the
Company, (d) any liability for taxes and (e) Trade Payables, unless the instrument creating or evidencing the same or pursuant to which the same is outstanding provides that such Debt is not senior or prior in right of payment to the
Securities, (y) all obligations of the Company under interest rate, currency and commodity swaps, caps, floors, collars, hedge arrangements, forward contracts or similar agreements or arrangements and (z) renewals, extensions,
modifications and refundings of any such Debt. This definition may be modified or superseded by a supplemental indenture. 
 “Series” or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof. 
 “Significant Subsidiary” means any direct or indirect Subsidiary of the Company that would be a “significant subsidiary” as defined
in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the date hereof. 
 “Stated Maturity” when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such
installment of principal or interest is due and payable (without regard for any provisions for acceleration, redemption prepayment or otherwise). 
 “Subsidiary” of any Person means any corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of Capital Stock or other interests (including partnership interests)
entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by (i) such Person, (ii) such Person and one or
more Subsidiaries of such Person, or (iii) one or more Subsidiaries of such Person. 
 “TIA” means the Trust Indenture Act of
1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of this Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such
amendment, the Trust Indenture Act of 1939 as so amended. 
  

 -5- 

 “Trade Payables” means accounts payable or any other Debt or monetary obligations to trade
creditors created or assumed by the Company or any Subsidiary of the Company in the ordinary course of business in connection with the receipt of materials or services. 
 “Trust Officer” means any officer within the Corporate Trust Office of the Trustee with direct responsibility for the administration of this Indenture. 
 “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 Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” as
used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 
 “U.S. Government
Obligations” means direct obligations (or certificates representing an ownership interest in such obligations) of the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit
of the United States of America is pledged and which are not callable or redeemable at the issuer’s option. 
 Section 1.2    Other Definitions. 
  

					
	 TERM
	  	DEFINED IN
SECTION	  	 
	 “Bankruptcy Law”
	  	6.1	  	
	 “Custodian”
	  	6.1	  	
	 “Event of Default”
	  	6.1	  	
	 “Journal”
	  	12.15	  	
	 “Judgment Currency”
	  	12.16	  	
	 “Legal Holiday”
	  	12.7	  	
	 “mandatory sinking fund payment”
	  	13.1	  	
	 “Market Exchange Rate”
	  	12.15	  	
	 “New York Banking Day”
	  	12.16	  	
	 “optional sinking fund payment”
	  	13.1	  	
	 “Paying Agent”
	  	2.4	  	
	 “Register”
	  	2.4	  	
	 “Registrar”
	  	2.4	  	
	 “Required Currency”
	  	12.16	  	
	 “Service Agent”
	  	2.4	  	
	 “successor person”
	  	5.1	  	

 Section 1.3    Incorporation by Reference of Trust Indenture Act.
Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC. 
  

 -6- 

 “indenture securities” means the Securities. 
 “indenture security holder” means a Securityholder. 
 “indenture to be qualified” means this Indenture. 
 “indenture trustee” or
“institutional trustee” means the Trustee. 
 “obligor” on the indenture securities means the Company and any successor
obligor upon the Securities. 
 All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another
statute or defined by SEC rule under the TIA and not otherwise defined herein are used herein as so defined. 
 Section 1.4    Rules of Construction. Unless the context otherwise requires: 
 (a)      a term has the meaning assigned to it; 
 (b)      an
accounting term not otherwise defined has the meaning assigned to it in accordance with generally accepted accounting principles; 
 (c)      references to “generally accepted accounting principles” shall mean generally accepted accounting principles in effect as of the time when and for the period as to which such accounting
principles are to be applied; 
 (d)      “or” is not exclusive; and 
 (e)      words in the singular include the plural, and in the plural include the singular. 
 ARTICLE 2 
 THE SECURITIES

 Section 2.1    Issuable in Series. The aggregate principal amount of Securities that may be
authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities of a Series shall be identical except as may be set forth in a Board Resolution, a supplemental indenture or an
Officers’ Certificate detailing the adoption of the terms thereof pursuant to the authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officers’ Certificate
or supplemental indenture may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any
matters, provided that all Securities in a particular Series shall be equally and ratably entitled to the benefits of the Indenture. 
 Section 2.2    Establishment of Terms of Series of Securities. At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series 

  

 -7- 

 
generally, in the case of Subsection 2.2(a) and either as to such Securities within the Series or as to the Series generally in the case of Subsections
2.2(b) through 2.2(v)) by a Board Resolution, a supplemental indenture or an Officers’ Certificate pursuant to authority granted under a Board Resolution: 
 (a)      the title of the Series (which shall distinguish the Securities of that particular Series from the Securities of any other Series); 
 (b)      the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the
Series will be issued; 
 (c)      any limit upon the aggregate principal amount of the Securities of the
Series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7,
2.8, 2.11, 3.6 or 9.6); 
 (d)      the date or dates on which the principal of the Securities of the Series
is payable and the right, if any, to extend the Maturity of the Securities of the Series and the duration of such extension; 
 (e)      the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates (including, but not limited to, any commodity, commodity index, stock
exchange index or financial index) at which the Securities of the Series shall bear interest, if any, and the right if any, to extend the interest payment periods and the duration of such extension; the date or dates from which such interest, if
any, shall accrue; the date or dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; 
 (f)      the place or places where the principal of and interest, if any, on the Securities of the Series shall be
payable, or the method of such payment, if by wire transfer, mail or other means and the place or places at which registration, transfer or exchange of the Securities of the Series may be affected; 
 (g)      if applicable, the period or periods within which, or the date or dates on which, the price or prices at which
and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 
 (h)      the obligation, if any, of the Company to redeem or purchase the 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, or the date or dates on which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 
 (i)      the dates, if any, on which and the price or prices at which the Securities of the Series will be repurchased by
the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 
 (j)      if other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall be issuable; 
  

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 (k)      the forms of the Securities of the Series (and whether the
Securities will be issuable as Global Securities); 
 (l)      if other than the principal amount thereof, the
portion of the principal amount of the Securities of the Series that shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2; 
 (m)      the currency of denomination of the Securities of the Series, which may be Dollars or any Foreign Currency,
including, but not limited to, the ECU, and if such currency of denomination is a composite currency other than the ECU, the agency or organization, if any, responsible for overseeing such composite currency; 
 (n)      the designation of the currency, currencies or currency units in which payment of the principal of and interest,
if any, on the Securities of the Series will be made; 
 (o)      if payments of principal of or interest, if
any, on the Securities of the Series are to be made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be
determined; 
 (p)      the manner in which the amounts of payment of principal of or interest, if any, on the
Securities of the Series will be determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; 
 (q)      the provisions, if any, relating to any security provided for the Securities of the Series; 
 (r)      any addition to or change in the Events of Default which applies to any Securities of the Series and any change
in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 
 (s)      any addition to or change in the covenants set forth in Articles IV or V which applies to Securities of the Series; 
 (t)      the terms, if any, pursuant to which if the Securities of the Series are to be convertible into or exchangeable
for the class A common stock of the Company, par value $0.001 per share, or Preferred Stock of the Company or other securities, including, without limitation, securities of another Person held by the Company or its Affiliates; 
 (u)      whether the Securities of such Series are subject to subordination and the terms of such subordination;

 (v)      any other terms of the Securities of the Series (which may modify or delete any provision of this
Indenture insofar as it applies to such Series); and 
  

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 (w)      any depositories, interest rate calculation agents, exchange rate
calculation agents or other agents with respect to Securities of such Series if other than those appointed herein. 
 All Securities of any
one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture or Officers’ Certificate referred to
above, and the authorized principal amount of any Series may not be increased to provide for issuances of additional Securities of such Series, unless otherwise provided in such Board Resolution, supplemental indenture or Officers’ Certificate.

 Section 2.3    Execution and Authentication. One or more Officers shall sign the Securities for the
Company by manual or facsimile signature. 
 If an Officer whose signature is on a Security no longer holds that office at the time the
Security is authenticated, the Security shall be valid so long as such individual was an Officer at the time of execution of the Security. 
 A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board
Resolution, supplemental indenture hereto or Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order may authorize authentication and delivery pursuant to oral or electronic instructions from the Company or its
duly authorized agent or agents, which oral instructions shall be promptly confirmed electronically or in writing. Each Security shall be dated the date of its authentication unless otherwise provided by a Board Resolution, a supplemental indenture
hereto or an Officers’ Certificate. 
 The aggregate principal amount of Securities of any Series outstanding at any time may not exceed
any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officers’ Certificate delivered pursuant to Section 2.2, except as provided in Section 2.8. 
 Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2) shall be fully protected in relying
on: (a) the Board Resolution, supplemental indenture hereto or Officers’ Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that Series or of Securities
within that Series, (b) an Officers’ Certificate complying with Section 12.4, and (c) an Opinion of Counsel complying with Section 12.4. 
 The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised by counsel, determines that such action may not lawfully be taken; or
(b) if the Trustee in good faith shall determine that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities. 
  

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 The Trustee may appoint an authenticating agent reasonably acceptable to the Company to authenticate the
Securities. Any such appointment shall be evidenced by an instrument signed by a Trust Officer, a copy of which shall be furnished to the Company. Unless limited by the terms of such appointment, an authenticating agent may authenticate Securities
whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate. 
 Section 2.4    Registrar and Paying Agent. The Company shall maintain, with respect to each Series of Securities, at the
place or places specified with respect to such Series pursuant to Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of such Series may be
surrendered for registration of transfer or exchange (“Registrar”) and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be served (“Service Agent”). The Registrar
shall keep a register with respect to each Series of Securities (the “Register”) and to their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address,
of each Registrar, Paying Agent or Service Agent. If at any time the Company shall fail to maintain any such required Registrar, Paying Agent or Service Agent or shall fail to furnish the Trustee with the name and 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 such presentations, surrenders, notices and demands.

 The Company may also from time to time designate one or more co-registrars, additional paying agents or additional service agents and may
from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent and Service Agent in each place so specified
pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of any such co-registrar,
additional paying agent or additional service agent. The term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying agent; and the term “Service Agent” includes any additional
service agent. 
 The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Service Agent for each Series unless
another Registrar, Paying Agent or Service Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. The Company or any of its domestically organized Subsidiaries may act as Paying Agent, Registrar or
Service Agent. 
 The rights, privileges, protections, immunities and benefits given to the Trustee under this Indenture including, without
limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each Agent acting hereunder. 
 The Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent or Service Agent not a party to this Indenture, which shall incorporate the terms of the TIA. The agreement shall implement
the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee of the name and address of any such agent. 
  

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 The Company may remove any Registrar, Paying Agent or Service for any Series of Securities upon written
notice to such Registrar, Paying Agent or Service Agent and to the Trustee; provided, however, that no such removal shall become effective until (a) acceptance of an appointment by a successor as evidenced by an appropriate agreement entered
into by the Company and such successor Registrar, Paying Agent or Service Agent, as the case may be, and delivered to the Trustee or (b) notification to the Trustee that the Trustee shall serve as Registrar or Paying Agent until the appointment
of a successor in accordance with clause (a) above. The Registrar, Paying Agent or Service Agent may resign at any time upon written notice; provided, however, that the Trustee may resign as Paying Agent, Registrar or Service Agent only if the
Trustee also resigns as Trustee in accordance with Section 7.8. 
 Section 2.5    Paying Agent to Hold Money
in Trust. Prior to each due date of the principal and interest on any Series of Securities, the Company shall deposit with the Paying Agent (or if the Company or a Subsidiary is acting as Paying Agent, segregate and hold in trust for the benefit
of the Persons entitled thereto) a sum sufficient to pay such principal and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that the Paying Agent will hold in trust, for the
benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and shall notify the Trustee of any default by the Company in making
any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over
to the Trustee, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of
Securityholders of any Series of Securities all money held by it as Paying Agent. 
 Section 2.6    Securityholder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Securityholders of each
Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish, or cause the Registrar to furnish, to the Trustee at least five Business Day before each interest payment date
and at such other times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Securityholders of each Series of Securities. 
 Section 2.7    Exchange and Registration of Transfer. The Company shall cause to be kept at the Corporate Trust Office
the Register in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities of a Series and of transfers of Securities of such Series. The Register shall be in written form or in
any form capable of being converted into written form within a reasonably prompt period of time. 
 Upon surrender for registration of
transfer of any Security of a Series to the Registrar or any co-registrar, and satisfaction of the requirements for such transfer set forth in this Section 2.8, the Company shall execute, and the Trustee shall authenticate and deliver, in the
name of the 
  

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 designated transferee or transferees, one or more new Security of the same Series of any authorized denominations and of
a like aggregate principal amount and bearing such restrictive legends as may be required by this Indenture. 
 Securities of a Series may be
exchanged for other Securities of the same Series of any authorized denominations and of a like aggregate principal amount, upon surrender of the Securities to be exchanged at any such office or agency maintained by the Company pursuant to
Section 4.2. Whenever any Securities of a Series are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities of the same Series that the Holder making the exchange is entitled to
receive bearing registration numbers not contemporaneously outstanding. 
 All Securities of a Series issued upon any registration of
transfer or exchange of Securities of the same Series shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities of the same Series surrendered upon such
registration of transfer or exchange. 
 All Securities of a Series presented or surrendered for registration of transfer or for exchange
shall (if so required by the Company or the Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company, and the Securities of such Series shall be duly executed by the holder
thereof or his attorney duly authorized in writing. 
 No service charge shall be made to any holder for any registration of, transfer or
exchange of Securities, but the Company or the Trustee may require payment by the holder of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in connection with any registration of transfer or exchange of
such Securities (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6). 
 Neither the Company nor the Trustee nor any Registrar shall be required to exchange, issue or register a transfer of (a) Securities of any Series for a period of fifteen calendar days next preceding date of mailing of a notice of
redemption of Securities of that Series selected for redemption, or (b) Securities of any Series or portions thereof called for redemption, except for the unredeemed portion of any Securities of that Series being redeemed in part. 

Section 2.8    Mutilated, Destroyed, Lost and Stolen Securities. If a mutilated Security is surrendered to the
Registrar or if the Securityholder of a Security claims that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Security of the same Series if the requirements of
Section 8-405 of the Uniform Commercial Code are met, such that the Securityholder (i) satisfies the Company or the Trustee within a reasonable time after he has notice of such loss, destruction or wrongful taking and the Registrar does
not register a transfer prior to receiving such notification, (ii) makes such request to the Company or the Trustee prior to the Security being acquired by a protected purchaser as defined in Section 8-303 of the Uniform Commercial Code (a
“protected purchaser”) and (iii) satisfies any other reasonable requirements of the Trustee. If required by the Trustee or the Company, such Securityholder shall furnish an indemnity bond sufficient in the 
  

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 judgment of the Trustee to protect the Company, the Trustee, the Paying Agent and the Registrar from any loss that any of
them may suffer if a Security is replaced. The Company and the Trustee may charge the Securityholder for their expenses in replacing a Security. In case any Security which has matured or is about to mature or has been called for redemption, shall
become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substitute Security, pay or authorize the payment of (without surrender thereof except in the case of a mutilated Security), as the case may be, if the applicant
for such payment or conversion shall furnish to the Company, to the Trustee and, if applicable, to such authenticating agent such security or indemnity as may be required by them to save each of them harmless for any loss, liability, cost or expense
caused by or in connection with such substitution, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company, the Trustee and, if applicable, any Paying Agent evidence to their satisfaction of the destruction,
loss or theft of such Securities and of the ownership thereof. 
 Every replacement Security of any Series issued pursuant to this Section is
an additional obligation of the Company. 
 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other
rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 2.9    Outstanding Securities. The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those
reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. A Security does not cease to be outstanding because the Company or an Affiliate
holds the Security. 
 If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding unless the Trustee and the Company
receive proof satisfactory to them that the replaced Security is held by a protected purchaser. 
 If the Paying Agent (other than the
Company, a Subsidiary or an Affiliate of any thereof) holds on the Maturity of Securities of a Series money sufficient to pay such Securities (or portions thereof) payable on that date, and the Paying Agent is not prohibited from paying such money
to the Securityholders of such Series on that date pursuant to the terms of the Indenture, then on and after that date such Securities of the Series (or portions thereof) cease to be outstanding and interest on them ceases to accrue. 
 In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization, direction,
notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination
upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2. 
  

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 Section 2.10    Treasury Securities. In determining whether the Holders
of the required principal amount of Securities of a Series have concurred in any direction, waiver or consent, Securities of a Series owned by the Company or an Affiliate shall be disregarded and deemed not to be outstanding, except that for the
purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent only Securities of a Series that the Trustee knows are so owned shall be so disregarded. 
 Section 2.11    Temporary Securities. Pending the preparation of Securities in certificated form, the Company may execute
and the Trustee or an authenticating agent appointed by the Trustee shall, upon the Company Order, authenticate and deliver temporary Securities (printed, lithographed, typewritten, photocopied or otherwise produced). Temporary Securities shall be
issuable in any authorized denomination, and substantially in the form of the Securities in certificated form, but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the
Company. Every such temporary Security shall be executed by the Company and authenticated by the Trustee or such authenticating agent upon the same conditions and in substantially the same manner, and with the same effect, as the Securities in
certificated form. Without unreasonable delay, the Company will execute and deliver to the Trustee or such authenticating agent Securities of the same Series in certificated form and thereupon any or all temporary Securities may be surrendered in
exchange therefor, at each office or agency maintained by the Company pursuant to Section 4.7 and the Trustee or such authenticating agent shall authenticate and make available for delivery in exchange for such temporary Securities an equal
aggregate principal amount of Securities of the same Series in certificated form. Such exchange shall be made by the Company at its own expense and without any charge therefor. Until so exchanged, the temporary Securities shall in all respects be
entitled to the same benefits and subject to the same limitations under this Indenture as Securities of the same Series in certificated form authenticated and delivered hereunder. 
 Section 2.12    Cancellation. The Company at any time may deliver Securities to the Trustee for cancellation. The
Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Securities surrendered for registration of transfer,
exchange, payment, replacement or cancellation and dispose of such canceled Securities in accordance with its customary procedure. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for
cancellation. The Trustee shall not authenticate Securities in place of canceled Securities other than pursuant to the terms of this Indenture. 
 Section 2.13    Defaulted Interest. If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted by law, any interest payable
on the defaulted interest, to the Persons who are Securityholders of the Series on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the
Trustee and shall promptly mail or cause to be mailed to each Securityholder of the Series a notice that states the special record date, the payment date and the amount of defaulted interest to be paid. The Company may pay defaulted interest in any
lawful manner. 
  

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 Section 2.14    Global Securities. 
 (a)      Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officers’ Certificate shall
establish whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities. 
 (b)      Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7 of the
Indenture and in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if
(i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case,
the Company fails to appoint a successor Depositary within 90 days of such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the effect that such Global Security shall be so exchangeable or
(iii) an Event of Default with respect to the Securities represented by such Global Security shall have happened and be continuing. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities
registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms. 
 Except as provided in this Section 2.14.2, a Global Security may not be transferred except as a whole by the Depositary with respect to such Global
Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary.

 (c)      Legend. Any Global Security issued hereunder shall bear a legend in substantially the following
form: 
 “This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name
of the Depositary or a nominee of the Depositary. This Security is exchangeable for Securities registered in the name of a Person other than the Depositary or its nominee only in the limited circumstances described in the Indenture, and may not be
transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of
such a successor Depositary.” 
 (d)      Acts of Holders. The Depositary, as a Holder, may appoint
agents and otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 
  

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 (e)      Payments. Notwithstanding the other provisions of this Indenture,
unless otherwise specified as contemplated by Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 
 (f)      Consents, Declaration and Directions. Except as provided in Section 2.14.5, the Company, the Trustee and any
Agent shall treat a Person as the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary with respect to such Global Security, for
purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 
 Section 2.15    CUSIP and ISIN Numbers. The Company in issuing the Securities may use “CUSIP” and “ISIN” numbers (if then generally in use), and, if so, the Trustee shall use
“CUSIP” and “ISIN” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or
as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The
Company shall promptly notify the Trustee in writing of any changes to the CUSIP and ISIN numbers. 
 ARTICLE 3 
 REDEMPTION 
 Section 3.1    1 Notice to Trustee. The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to redeem and pay the Series of
Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated
Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee in writing of the redemption date and the principal amount of Series of Securities to be redeemed. The Company shall give
the notice at least 35 calendar days before the redemption date (or such shorter notice as may be acceptable to the Trustee). 
 Section 3.2    Selection of Securities to be Redeemed. Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if less than all the
Securities of a Series are to be redeemed, the Trustee shall select the Securities of the Series to be redeemed in any manner that the Trustee deems fair and appropriate. The Trustee shall make the selection from Securities of the Series outstanding
not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities of the Series that have denominations larger than $1,000. Securities of the Series and portions of them it selects shall be in
amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of any Series issuable in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and integral multiples thereof.
Provisions of this Indenture that apply to Securities of a Series called for redemption also apply to portions of Securities of that Series called for redemption. 
  

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 Section 3.3    Notice of Redemption. Unless otherwise indicated for a
particular Series by Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, at least 30 days but not more than 60 days before a redemption date, the Company shall give notice of redemption, in the manner provided in
Section 12.2. 
 The notice shall identify the Securities of the Series to be redeemed and shall state: 
 (a)      the redemption date; 
 (b)      the redemption price; 
 (c)      the
name and address of the Paying Agent; 
 (d)      if less than all Securities of any Series are to be
redeemed, the identification of the particular Securities to be redeemed and the portion of the principal amount of any Security to be redeemed in part; 
 (e)      that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption price; 
 (f)      that interest on Securities of the Series called for redemption ceases to accrue on and after the redemption
date; and 
 (g)      any other information as may be required by the terms of the particular Series or the
Securities of a Series being redeemed. 
 At the Company’s written request, the Trustee shall give the notice of redemption in the
Company’s name and at the Company’s expense and provided that the form and content of such notice shall be prepared by the Company. 
 Section 3.4    Effect of Notice of Redemption. Once notice of redemption is delivered as provided in Section 3.3, Securities of a Series called for redemption become due and payable on the redemption
date and at the redemption price. A notice of redemption may not be conditional. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date. 
 Section 3.5    Deposit of Redemption Price. On or before the redemption date, the Company shall deposit with the Paying
Agent money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 
 Section 3.6    Securities Redeemed in Part. Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the same maturity equal
in principal amount to the unredeemed portion of the Security surrendered. 
  

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 ARTICLE 4 
 COVENANTS 
 Section 4.1    Payment of Principal and Interest.
The Company shall duly and punctually pay the principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. 
 Section 4.2    SEC Reports. The Company shall deliver (which delivery may be via electronic mail) to the Trustee within
15 days after filing by the Company with the SEC copies of the annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) which the
Company files with the SEC pursuant to Section 13 or 15(d) of the Exchange Act whether or not the Company is subject to the filing requirements of the Exchange Act. The Company also shall comply with the other provisions of TIA § 314(a).

 Section 4.3    Compliance Certificate. The Company shall deliver to the Trustee, within 120 days after the
end of each fiscal year of the Company, an Officers’ Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a
view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best of such Officer’s knowledge the
Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture without regard to any period of grace or requirement of notice provided under this Indenture. 
 The Company will, so long as any of the Securities are outstanding, deliver to the Trustee, within 15 Business Days of becoming aware of any Default or
Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 
 Section 4.4    Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it
will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the
performance of this Indenture or the Securities; 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, by resort to any such law, 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 has been enacted. 
 Section 4.5    Corporate Existence. Subject to Article V, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate
existence and the corporate, partnership or other existence of each Significant Subsidiary in accordance with the respective organizational documents of each Significant Subsidiary and the rights (charter and statutory), licenses and franchises of
the Company and its Significant Subsidiaries; provided, however, that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any Significant 
  

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 Subsidiary, if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct
of the business of the Company and its Subsidiaries taken as a whole and that the loss thereof is not adverse in any material respect to the Holders. 
 Section 4.6    Maintenance of Office or Agency. The Company will maintain an office or agency where the Securities of a Series may be surrendered for registration of transfer or
exchange or for presentation for payment and where notices and demands to or upon the Company in respect of the Securities of a Series and this 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 not designated or appointed by the Trustee. 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. 
 The Company may also from time to time
designate co-registrars and one or more offices or agencies where the Securities of a Series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. 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 4.7    Money For Securities Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent with respect to the Securities of any Series, it shall, on or before each due
date of the principal of and premium, if any, and interest, if any, on any of such Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and premium or interest so becoming due
until such sums shall be paid to such Persons or otherwise disposed of as herein provided. The Company shall promptly notify the Trustee of any failure by the Company (or any other obligor of such Securities) to make any payment of principal of or
premium, if any, or interest, if any, on such Securities. 
 Whenever the Company shall have one or more Paying Agents for the Securities of
any Series, it shall, on or before each due date of the principal of and premium, if any, and interest, if any, on such Securities, deposit with such Paying Agents sums sufficient (without duplication) to pay the principal and premium or interest so
becoming due, such sums to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company shall promptly notify the Trustee of any failure by it so to act.

 The Company shall cause each Paying Agent for the Securities of any Series, other than the Company or 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 shall: 
 (a)      hold all sums held by it for the payment of the principal of and premium, if any, or interest, if any, on such Securities in trust for the benefit of the Persons entitled thereto
until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
  

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 (b)      give the Trustee notice of any failure by the Company (or any
other obligor upon such Securities) to make any payment of principal of or premium, if any, or interest, if any, on such Securities; and 
 (c)      at any time during the continuance of any such failure, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent and furnish to the Trustee
such information as it possesses regarding the names and addresses of the Persons entitled to such sums. 
 The Company may at any time 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, if so stated in a Company Order delivered to the Trustee, in accordance with the provisions of Article 8; 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 Security and remaining unclaimed for two years after such principal and premium, if any, or interest, if any, has become due and payable shall be paid to the Company on
request of the Company, or, if then held by the Company, shall be discharged from such trust; and, upon such payment or discharge, the Holder of such Security shall, as an unsecured general creditor and not as the Holder of an outstanding Security,
look only to the Company for payment of the amount so due and payable and remaining unpaid (subject, however, to the provisions of Article 10), 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 payment to the Company, may at the expense of the Company cause to be mailed, on one occasion
only, notice to such Holder that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such mailing, any unclaimed balance of such money then remaining will be paid to the
Company. 
 ARTICLE 5 
 SUCCESSORS 
 Section 5.1    When Company May Merge, Etc. 
 The Company shall not consolidate with or merge into, or convey, transfer or lease all or substantially all of its properties and assets to, any Person
(a “successor person”), and may not permit any Person to merge into, or convey, transfer or lease its properties and assets substantially as an entirety to, the Company, unless: 
 (a)      the successor person (if any) is a corporation, partnership, trust or other entity organized and validly existing
under the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and under this Indenture; and 
  

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 (b)      immediately after giving effect to the transaction, no Default or
Event of Default, shall have occurred and be continuing. 
 The Company shall deliver to the Trustee prior to the consummation of the
proposed transaction an Officers’ Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and such supplemental indenture comply with this Indenture. 
 Section 5.2    Successor Corporation Substituted. Upon any consolidation or merger, or any sale, lease, conveyance or
other disposition of all or substantially all of the assets of the Company in accordance with Section 5.1, the successor person formed by such consolidation or into or with which the Company is merged or to which such sale, lease, conveyance or
other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor person has been named as the Company herein. In the case of a
sale, lease, conveyance or other disposition in accordance with Section 5.1 and upon satisfaction of all conditions specified in Section 5.1, the predecessor Company shall be released from all obligations and covenants under this Indenture
and on and under all Securities then outstanding and the Trustee shall acknowledge in writing that the predecessor Company has been so released and discharged. 
 ARTICLE 6 
 DEFAULTS AND REMEDIES 
 Section 6.1    Events of Default. 
 “Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events, unless in the establishing Board Resolution, supplemental indenture or Officers’
Certificate, it is provided that such Series shall not have the benefit of said Event of Default: 
 (a)      default in the payment of any interest on any Security of that Series when it becomes due and payable, and continuance of such default for a period of 60 days (unless the entire amount of such payment
is deposited by the Company with the Trustee or with a Paying Agent prior to the expiration of such period of 60 days); or 
 (b)      default in the payment of the principal of any Security of that Series within three Business Days of its Maturity; or 
 (c)      default in the deposit of any sinking fund payment, when and as due in respect of any Security of that Series; or 
 (d)      default in the performance or breach of any covenant or warranty of the Company in this Indenture (other than a
covenant or warranty that has been included in this Indenture solely for the benefit of Series of Securities other than that Series), which default continues uncured for a period of 90 days after there has been given, in the manner provided in
Section 12.2, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 33% in principal amount of the outstanding Securities of that Series a written notice specifying such default or breach and requiring it to
be remedied and stating that such notice is a “Notice of Default” hereunder; or 
  

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 (e)      a default under any Debt of the Company with an aggregate
principal amount of U.S. $100.0 million (including a default with respect to Securities of any Series other than that Series) or any Subsidiary, whether such Debt now exists or shall hereafter be created, if (A) such default results from the
failure to pay any such Debt when it becomes due, and (B) such Debt is not discharged or such acceleration is not rescinded or annulled within 30 days after written notice to the Company by the Trustee, or written notice to the Company and the
Trustee by the holder or holders of such Debt in the manner provided for in the applicable debt instrument; or 
 (f)      the Company or any of its Significant Subsidiaries pursuant to or within the meaning of any Bankruptcy Law: 
 (i)      commences a voluntary case, 
 (ii)      ) consents to the entry of an order for relief against it in an involuntary case, 
 (iii)      consents to the appointment of a Custodian of it or for all or substantially all of its property, 
 (iv)      makes a general assignment for the benefit of its creditors, or 
 (v)      generally is unable to pay its debts as the same become due; or 
 (g)      a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (i)      is for relief against the Company or any of its Significant Subsidiaries in an involuntary case, 
 (ii)      appoints a Custodian of the Company or any of its Significant Subsidiaries or for all or substantially all of its property, or 
 (iii)      orders the liquidation of the Company or any of its Significant Subsidiaries, and the order or decree remains
unstayed and in effect for 60 days; or 
 (h)      any other Event of Default provided with respect to
Securities of that Series, which is specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, in accordance with Section 2.2.18. 
 The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term
“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
 Section 6.2    Acceleration of Maturity; Rescission and Annulment. If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of
Default referred to in Section 6.1(f) or (g)) then in every such case the Trustee or the Holders of not less than 33% in principal amount of the outstanding Securities of 

  

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that Series may declare the principal amount (or, if any Securities of that Series are Discount Securities, such portion of the principal amount as may be
specified in the terms of such Securities) of and accrued and unpaid interest, if any, on all of the 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 Holders), and
upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 6.1(f) or (g) shall occur, the principal
amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder.

 (a)      At any time after such a declaration of acceleration with respect to any Series has been made and
before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding Securities of that Series, by written notice to the
Company and the Trustee, may rescind an (a) the Company has paid or deposited with the Trustee a sum sufficient to pay 
 (i)      all overdue interest, if any, on all Securities of that Series, 
 (ii)      the principal of any Securities of that Series which have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates prescribed therefor in such
Securities, 
 (iii)      to the extent that payment of such interest is lawful, interest upon any overdue
principal and overdue interest at the rate or rates prescribed therefor in such Securities, and 
 (iv)      all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; 
 and 
 (b)      all Events of Default with respect to Securities of that Series, other than the non-payment of the principal of Securities of that Series which have become due solely by such declaration of
acceleration, have been cured or waived as provided in Section 6.13. 
 No such rescission shall affect any subsequent Default or impair
any right consequent thereon. 
 Section 6.3    Collection of Indebtedness and Suits for Enforcement by
Trustee. The Company covenants that if 
 (a)      default is made in the payment of any interest on any
Security when such interest becomes due and payable and such default continues for a period of 60 days, or 
  

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 (b)      default is made in the payment of principal of any Security
within three Business Days of its Maturity thereof, or 
 (c)      default is made in the deposit of any
sinking fund payment when and as due by the terms of a Security, then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal
and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal or any overdue interest, at the rate or rates prescribed therefor in such 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. 
 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a
judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys adjudged or
deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 
 If an Event of Default with respect to any 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 Securities of such Series by such
appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted
herein, or to enforce any other proper remedy. 
 Section 6.4    Trustee May File Proofs of Claim. In case of
the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company
or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have
made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, 
 (a)      to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect of the Securities and to file such other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial
proceeding, and 
 (b)      to collect and receive any moneys or other property payable or deliverable on any
such claims and to distribute the same, and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and,
in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel,
and any other amounts due the Trustee under Section 7.7. 
  

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 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or
adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such
proceeding. 
 Section 6.5    Trustee May Enforce Claims Without Possession of Securities. All rights of
action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted
by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 
 Section 6.6    Application of Money Collected. Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of
the distribution of such money on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 First: To the payment of all amounts due the Trustee under Section 7.7; and 
 Second: To the payment of the amounts then due and unpaid for principal of and interest on the 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 Securities for principal and interest, respectively; and 
 Third: To the Company. 
 Section 6.7    Limitation on Suits. No Holder of any Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a
receiver or trustee, or for any other remedy hereunder, unless 
 (a)      such Holder has previously given
written notice to the Trustee of a continuing Event of Default with respect to the Securities of that Series; 
 (b)      the Holders of not less than 33% in principal amount of the outstanding Securities of that Series shall have made written request to the Trustee to institute proceedings in respect of such Event of
Default in its own name as Trustee hereunder; 
 (c)      such Holder or Holders have offered to the Trustee
indemnity reasonably satisfactory to the Trustee against the costs, expenses and liabilities to be incurred in compliance with such request; 
  

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 (d)      the Trustee for 60 days after its receipt of such notice, request
and offer of indemnity has failed to institute any such proceeding; and 
 (e)      no direction inconsistent
with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series; it being understood and intended that no one or more of such Holders
shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any
other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 
 Section 6.8    Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right,
which is absolute and unconditional, to receive payment of the principal of and interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on 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. 
 Section 6.9    Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or
abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and
respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
 Section 6.10    Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment
of mutilated, destroyed, lost or stolen Securities in Section 2.8, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall,
to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise,
shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 6.11    Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such
right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be. 
 Section 6.12    Control by Holders. The
Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred on the Trustee, with respect to the Securities of such Series, provided that 
  

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 (a)      such direction shall not be in conflict with any rule of law or
with this Indenture, 
 (b)      the Trustee may take any other action deemed proper by the Trustee which is
not inconsistent with such direction, and 
 (c)      subject to the provisions of Section 6.1, the
Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall, by a Trust Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability. 
 Section 6.13    Waiver of Past Defaults. The Holders of not less than a majority in principal amount of the outstanding
Securities of any Series may on behalf of the Holders of all the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except a Default in the payment of the principal of or interest on any
Security of such Series (provided, however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from
such acceleration). Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or
other Default or impair any right consequent thereon. 
 Section 6.14    Undertaking for Costs. All parties
to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any
suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit
instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the outstanding Securities of any Series, or to any suit
instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date).

 ARTICLE 7 
 TRUSTEE 
 Section 7.1    Duties of Trustee. 
 (a)      If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in
it by this Indenture and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs. 
  

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

(i)      the Trustee need perform only those duties that are specifically set forth in this Indenture and no implied
covenants or obligations shall be read into this Indenture against the Trustee; and 
 (ii)      in the
absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements
of this Indenture; however, the Trustee shall examine such certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 
 (c)      The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: 
 (i)      this paragraph does not limit the effect of paragraph (b) of this Section; 
 (ii)      the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer, unless it is
proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii)      the Trustee shall
not be liable with respect to any action it takes or omits to take with respect to Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding Securities of such Series.

 (d)      Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph
(a), (b) and (c) of this Section. 
 (e)      The Trustee shall not be liable for interest on any
money received by it except as the Trustee may agree in writing with the Company. 
 (f)      Money held in
trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 (g)      No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur 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 is not reasonably assured to it. 
 (h)      Every provision of this Indenture relating to the conduct or affecting the liability of or affording protection
to the Trustee shall be subject to the provisions of this Section and to the provisions of the TIA. 
  

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 Section 7.2    Rights of Trustee. 
 (a)      The Trustee may rely on any document believed by it to be genuine and to have been signed or presented by the
proper person. The Trustee need not investigate any fact or matter stated in the document. 
 (b)      Before
the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officers’
Certificate or Opinion of Counsel. 
 (c)      The Trustee may act through agents and shall not be responsible
for the misconduct or negligence of any agent appointed with due care. 
 (d)      The Trustee shall not be
liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers. 
 (e)      The Trustee may consult with counsel, and the advice or opinion of counsel with respect to legal matters relating to this Indenture and the Securities shall be full and complete authorization and
protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 
 (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,
consent, order, approval, bond, debenture, note or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit. 
 (g)      The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture
at the request, order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities
which may be incurred therein or thereby. 
 (h)      The rights, privileges, protections, immunities and
benefits given to the Trustee, including, without limitation, its rights to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act
hereunder. 
 (i)      The Trustee may request that the Company deliver an Officers’ Certificate setting
forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate,
including any person specified as so authorized in any such certificate previously delivered and not superseded. 
 (j)      The permissive rights of the Trustee enumerated herein shall not be construed as duties. 
  

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 Section 7.3      Individual Rights of Trustee. The Trustee in its
individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or an Affiliate with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee
is also subject to Sections 7.10 and 7.11. 
 Section 7.4       Trustee’s Disclaimer. The Trustee
shall not be responsible and makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities, and it shall not be responsible for
any statement in the Securities or in any document issued in connection with the sale of the Securities or in the Securities other than its certificate of authentication. 
 Section 7.5       Notice of Defaults. If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Trust Officer
of the Trustee, the Trustee shall mail to each Securityholder of the Securities of that Series and, if any Bearer Securities are outstanding, publish on one occasion in an Authorized Newspaper, notice of a Default or Event of Default within 90 days
after it occurs or 30 days after it is known to a Trust Officer or written notice of it is received by the Trustee. Except in the case of a Default or Event of Default in payment of principal, premium (if any) of or interest on any Security of any
Series or in payment of any redemption obligation, the Trustee may withhold the notice if and so long as its corporate trust committee or a committee of its Trust Officers in good faith determines that withholding the notice is in the interests of
Securityholders of that Series. 
 Section 7.6       6 Reports by Trustee to Holders. As promptly as
practicable after each May 15 beginning with May 15, 2007, and in any event prior to July 15 in each year, the Trustee shall transmit by mail to all Securityholders, as their names and addresses appear on the register kept by the
Registrar and, if any Bearer Securities are outstanding, publish in an Authorized Newspaper, a report dated as of May 15 of each year in such manner and to the extent required by TIA § 313(a). The Trustee shall also comply with TIA §
313(b) and TIA § 313(c). 
 A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the
SEC and each stock exchange (if any) on which the Securities of that Series are listed. The Company shall promptly notify the Trustee when Securities of any Series are listed on any stock exchange and of any delisting thereof. 
 Section 7.7       Compensation and Indemnity. The Company shall pay to the Trustee from time to time such
compensation as the Company and the Trustee shall from time to time agree in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon
request for all reasonable out-of-pocket expenses incurred or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall include the reasonable compensation and expenses, disbursements and
advances of the Trustee’s agents, counsel, accountants and experts. The Company shall indemnify the Trustee, and hold it harmless, against any and all loss, liability or expense (including reasonable attorneys’ fees) incurred by or in
connection with the offer and sale of the Securities or the administration of this trust and the performance of its duties hereunder. The Trustee shall notify the Company of any claim for which it may seek indemnity promptly upon obtaining actual
knowledge thereof; provided, however, that any failure so to notify the Company shall not relieve the Company of its 
  

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 indemnity obligations hereunder. The Company shall defend the claim and the indemnified party shall provide reasonable
cooperation at the Company’s expense in the defense. Such indemnified parties may have separate counsel and the Company shall pay the fees and expenses of such counsel; provided, however, that the Company shall not be required to pay such fees
and expenses if it assumes such indemnified parties’ defense and, in such indemnified parties’ reasonable judgment, there is no conflict of interest between the Company and such parties in connection with such defense. The Company need not
reimburse any expense or indemnify against any loss, liability or expense incurred by an indemnified party through such party’s own willful misconduct and negligence. 
 To secure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities of any Series on all money or
property held or collected by the Trustee other than money or property held in trust to pay principal of and interest and any liquidated damages on particular Securities of that Series. 
 The Company’s payment obligations pursuant to this Section shall survive the satisfaction or discharge of this Indenture, any rejection or
termination of this Indenture under any bankruptcy law or the resignation or removal of the Trustee. 
 When the Trustee incurs expenses or
renders services after an Event of Default specified in Section 6.1(f) or (g) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
 Section 7.8    Replacement of Trustee. The Trustee may resign with respect to the Securities of one or more Series at any
time by so notifying the Company. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and may appoint a successor Trustee. The Company shall
remove the Trustee with respect to Securities of one or more Series if: 
 (a)      the Trustee fails to
comply with Section 7.10; 
 (b)      the Trustee is adjudged bankrupt or insolvent; 
 (c)      a receiver or other public officer takes charge of the Trustee or its property; or 
 (d)      the Trustee otherwise becomes incapable of acting. 
 If the Trustee resigns, is removed by the Company or by the Holders of a majority in principal amount of the Securities of any Series and such
Securityholders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Company shall promptly appoint a
successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company.
Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee
under this 
  

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 Indenture. The successor Trustee shall mail a notice of its succession to each Securityholder of each
such Series and, if any Bearer Securities are outstanding, publish such notice on one occasion in an Authorized Newspaper. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien
provided for in Section 77. 
 If a successor Trustee with respect to the Securities of any one or more Series does not take office
within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee or the Holders of 10% in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction for the appointment of a
successor Trustee. 
 If the Trustee with respect to the Securities of any one or more Series fails to comply with Section 7.10, any
Securityholder of the applicable Series may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 Notwithstanding the replacement of the Trustee pursuant to this Section, the Company’s obligations under Section 7.7 shall continue for the benefit of the retiring Trustee 
 Section 7.9    9 Successor Trustee by Merger, etc. If the Trustee consolidates with, merges or converts into, or
transfers all or substantially all of its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Trustee. 
 In case at the time such successor or successors by merger, conversion or consolidation to the Trustee with respect to the Securities of any one or more
Series shall succeed to the trusts created by this Indenture any of the Securities of the applicable Series shall have been authenticated but not delivered, any such successor to such Trustee may adopt the certificate of authentication of any
predecessor trustee, and deliver such Securities of the applicable Series so authenticated; and in case at that time any of the Securities of such Securities shall not have been authenticated, any successor to the Trustee may authenticate such
Securities either in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Securities of such Series or in this Indenture
provided that the certificate of the Trustee shall have. 
 Section 7.10    Eligibility; Disqualification.
The Trustee shall at all times satisfy the requirements of TIA § 310(a). The Trustee shall have a combined capital and surplus of at least $100,000,000 as set forth in its most recent published annual report of condition. The Trustee shall
comply with TIA § 310(b); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities or certificates of interest or participation in other securities of
the Company are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met. 
 Section 7.11    Preferential Collection of Claims Against Company. The Trustee shall comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned
or been removed shall be subject to TIA § 311(a) to the extent indicated. 
  

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 ARTICLE 8 
 SATISFACTION AND DISCHARGE; DEFEASANCE 
 Section 8.1    Satisfaction and Discharge of Indenture. This Indenture shall upon Company Order cease to be of further effect (except as hereinafter provided in this Section 8.1), and the Trustee, at the
expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 
 (a)      either 
 (i)      all Securities theretofore authenticated
and delivered (other than Securities that have been destroyed, lost or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 
 (ii)      all such Securities not theretofore delivered to the Trustee for cancellation 
 (1)      have become due and payable, or 
 (2)      will become due and payable at their Stated Maturity within one year, or 
 (3)      are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, or

 (4)      are deemed paid and discharged pursuant to Section 8.3, as applicable; 
 and the Company, in the case of (1), (2) or (3) above, has deposited or caused to be deposited with the Trustee as trust funds in trust an amount sufficient
for the purpose of paying and discharging the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and interest to the date of such deposit (in the case of Securities which have become due
and payable on or prior to the date of such deposit) or to the Stated Maturity or redemption date, as the case may be; 
 (b)      the Company has paid or caused to be paid all other sums payable hereunder by the Company; and 
 (c)      the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and
discharge of this Indenture have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of
the Company to the Trustee under Section 7.7, and, if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 3.3, 4.8, 8.1, 8.2 and 8.5 shall survive. 

 

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 Section 8.2    Application of Trust Funds; Indemnification. 

(a)      Subject to the provisions of Section 8.5, all money deposited with the Trustee pursuant to
Section 8.1, all money and U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign
Government Obligations deposited with the Trustee pursuant to Section 8.3 or 8.4, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any
Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to
make mandatory sinking fund payments or analogous payments as contemplated by Sections 8.3 or 8.4. 
 (b)      The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited
pursuant to Sections 8.3 or 8.4 or the interest and principal received in respect of such obligations other than any payable by or on behalf of Holders. 
 (c)      The Trustee shall deliver or pay to the Company from time to time upon Company Request any U.S. Government Obligations or Foreign Government Obligations or money held by it as
provided in Sections 8.3 or 8.4 which, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which
then would have been required to be deposited for the purpose for which such U.S. Government Obligations or Foreign Government Obligations or money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S.
Government Obligations or Foreign Government Obligations held under this Indenture. 
 Section 8.3    Legal
Defeasance of Securities of any Series. Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2.22, to be inapplicable to Securities of any Series, the Company shall be deemed to have paid and discharged the entire
indebtedness on all the outstanding Securities of such Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of this Indenture, as it relates to such outstanding Securities of such
Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, at Company Request, execute proper instruments acknowledging the same), except as to: 
 (a)      the rights of Holders of Securities of such Series to receive, from the trust funds described in subparagraph
(d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Stated Maturity of such principal or installment of principal or interest and (ii) the
benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series; 
 (b)      the provisions of Sections 2.4, 2.7, 2.8, 8.2, 8.3 and 8.5; and 
  

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 (c)      the rights, powers, trust and immunities of the Trustee
hereunder; 
 provided that, the following conditions shall have been satisfied: 
 (d)      the Company shall have deposited or caused to be deposited irrevocably with the Trustee as trust funds in trust
for the purpose of making the following payments, specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars
(or such other money or currencies as shall then be legal tender in the United States) and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency),
money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof, in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such
Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to
the Trustee, to pay and discharge each installment of principal (including mandatory sinking fund or analogous payments) of and interest, if any, on all the Securities of such Series on the dates such installments of interest or principal are due;

 (e)      such deposit will not result in a breach or violation of, or constitute a default under, this
Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 
 (f)      no Default or Event of Default with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such
date; 
 (g)      the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion
of Counsel to the effect that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this Indenture, there has been a change in the applicable
Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result
of such deposit, defeasance and discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred; 

(h)      the Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was not
made by the Company with the intent of preferring the Holders of the Securities of such Series over any other creditors of the company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; 

(i)      such deposit shall not result in the trust arising from such deposit constituting an investment company (as
defined in the Investment Company Act of 1940, as amended), or such trust shall be qualified under such Act or exempt from regulation thereunder; and 
  

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 (j)      the Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with. 
 Section 8.4 Covenant Defeasance. Unless this Section 8.4 is otherwise specified pursuant to Section 2.2.22 to be inapplicable to
Securities of any Series, on and after the 91st day after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4, 4.5, 4.6, and
5.1 as well as any additional covenants contained in a supplemental indenture hereto for a particular Series of Securities or a Board Resolution or an Officers’ Certificate delivered pursuant to Section 2.2.22 (and the failure to comply
with any such covenants shall not constitute a Default or Event of Default under Section 6.1) and the occurrence of any event described in clause (e) of Section 6.1 shall not constitute a Default or Event of Default hereunder, with
respect to the Securities of such Series, provided that the following conditions shall have been satisfied: 
 (a)      with reference to this Section 8.4, the Company has deposited or caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust,
specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars (or such other money or currencies as shall then
be legal tender in the United States) and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which
through the payment of interest and principal in respect thereof, in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of
any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a written certification thereof delivered to the Trustee, to pay principal and interest, if
any, on and any mandatory sinking fund in respect of the Securities of such Series on the dates such installments of interest or principal are due; 
 (b)      such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by
which it is bound; 
 (c)      no Default or Event of Default with respect to the Securities of such Series
shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date; 
 (d)      the Company shall have delivered to the Trustee an Opinion of Counsel confirming that Holders of the Securities of such Series will not recognize income, gain or loss for federal income tax purposes as
a result of such deposit and defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred; 
 (e)      the Company shall have delivered to the Trustee an Officers’ Certificate stating the deposit was not made by
the Company with the intent of preferring the Holders of the Securities of such Series over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 
  

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 (f)      the Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the defeasance contemplated by this Section have been complied with. 
 Section 8.5    Repayment to Company. The Trustee and the Paying Agent shall pay to the Company upon written request any
money held by them for the payment of principal and interest that remains unclaimed for two years. After that, Securityholders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property
law designates another Person. 
 ARTICLE 9 
 AMENDMENTS AND WAIVERS 
 Section 9.1    Without Consent of
Holders. The Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any Securityholder: 
 (a)      to cure any ambiguity, defect or inconsistency; 
 (b)      to comply with Article V; 
 (c)      to provide for
uncertificated Securities in addition to or in place of certificated Securities; 
 (d)      to make any
change that does not adversely affect the rights of any Securityholder; 
 (e)      to provide for the
issuance of and establish the form and terms and conditions of Securities of any Series as permitted by this Indenture; 
 (f)      to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more Series and to add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee; or 
 (g)      to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA. 
 Section 9.2    With Consent of Holders. The Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders of at least a majority in principal
amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Securityholders of each such Series. Except as 

  

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provided in Section 6.13, the Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by such waiver by
notice to the Trustee (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such
Series. 
 It shall not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form
of any proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental indenture or waiver under this section becomes effective, the Company shall mail to the Holders of
Securities affected thereby and, if any Bearer Securities affected thereby are outstanding, publish on one occasion in an Authorized Newspaper, a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to mail or
publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver. 
 Section 9.3    Limitations. Without the consent of each Securityholder, an amendment or waiver may not: 
 (a)      change the amount of Securities whose Holders must consent to an amendment, supplement or waiver; 
 (b)      reduce the rate of or extend the time for payment of interest (including default interest) on any Security; 
 (c)      reduce the principal or premium on or change the Stated Maturity of any Security or reduce the amount of, or
postpone the date fixed for, the payment of any sinking fund or analogous obligation; 
 (d)      reduce the
principal amount of Discount Securities payable upon acceleration of the maturity thereof; 
 (e)      waive a
Default or Event of Default in the payment of the principal of, premium or interest, if any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the
outstanding Securities of such Series and a waiver of the payment default that resulted from such acceleration); 
 (f)      make the principal of, premium or interest, if any, on any Security payable in any currency other than that stated in the Security; 
 (g)      make any change in Sections 6.8, 6.13, 9.3 (this sentence), 12.15 or 12.16; or 
 (h)      waive a redemption payment with respect to any Security or change any of the provisions with respect to the
redemption of any Securities. 
  

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 Section 9.4       Compliance with Trust Indenture Act. Every
amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies with the TIA as then in effect. 
 Section 9.5    Revocation and Effect of Consents. Until an amendment or waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder and
every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder or subsequent Holder may
revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective. 
 Any amendment or waiver once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is of the type described in any of clauses (a) through (g) of
Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s
Security. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Securityholders entitled to
give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who were Securityholders
at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue to be Securityholders
after such record date. 
 Section 9.6    Notation on or Exchange of Securities. The Trustee may place an
appropriate notation about an amendment or waiver on any Security of any Series thereafter authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon written request new Securities of that
Series that reflect the amendment or waiver. 
 Section 9.7    Trustee Protected. In executing, or accepting
the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully
protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee shall sign all supplemental indentures, except that the Trustee need not sign any
supplemental indenture that adversely affects its rights. 
 ARTICLE 10  
 SUBORDINATION OF SECURITIES 
 Section 10.1    Agreement to Subordinate. In the event a Series of Securities is designated as subordinated pursuant to Section 2.2(u), and except as otherwise provided in a Board Resolution, a
supplemental indenture or an Officer’s Certificate, the Company, for itself, its successors and assigns, covenants and agrees, and each holder of Securities of such Series by 

  

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his, her or its acceptance thereof, likewise covenants and agrees, that the payment of the principal of, premium, if any, and interest, if any, on each and
all of the Securities of such Series is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all Senior Debt. In the event a Series of Securities is not designated
as subordinated pursuant to Section 2.2.21, this Article 10 shall have no effect upon the Securities. 
 Section 10.2    Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Securities. Subject to Section 10.1, upon any distribution of assets of the Company upon any dissolution,
winding up, liquidation or reorganization of the Company, whether in bankruptcy, insolvency, reorganization or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the
Company or otherwise (subject to the power of a court of competent jurisdiction to make other equitable provision reflecting the rights conferred in this Indenture upon the Senior Debt and the holders thereof with respect to the Securities and the
holders thereof by a lawful plan of reorganization under applicable bankruptcy law): 
 (a)      the holders
of all Senior Debt shall be entitled to receive payment in full of the principal thereof, premium, if any, and interest due thereon before the holders of the Securities are entitled to receive any payment upon the principal, premium, if any, or
interest, if any, on Debt evidenced by the Securities; and 
 (b)      any payment or distribution of assets
of the Company of any kind or character, whether in cash, property or securities, to which the holders of the Securities or the Trustee would be entitled except for the provisions of this Article 10 shall be paid by the liquidation trustee or agent
or other person making such payment or distribution, whether a trustee in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the holders of Senior Debt or their representative or representatives or to the trustee or trustees
under any indenture under which any instruments evidencing any of such Senior Debt may have been issued, ratably according to the aggregate amounts remaining unpaid on account of the principal of, and premium, if any, and interest on the Senior Debt
held or represented by each, to the extent necessary to make payment in full of all Senior Debt remaining unpaid, after giving effect to any concurrent payment or distribution to the holders of such Senior Debt; and 
 (c)      in the event that, notwithstanding the foregoing, any payment or distribution of assets of the Company of any
kind or character, whether in cash, property or securities, shall be received by the Trustee or the holders of the Securities before all Senior Debt is paid in full, such payment or distribution shall be paid over, upon written notice to a Trust
Officer of the Trustee, to the holder of such Senior Debt or his, her or its representative or representatives or to the trustee or trustees under any indenture under which any instrument evidencing any of such Senior Debt may have been issued,
ratably as aforesaid, for application to payment of all Senior Debt remaining unpaid until all such Senior Debt shall have been paid in full, after giving effect to any concurrent payment or distribution to the holders of such Senior Debt.

  

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 Subject to the payment in full of all Senior Debt, the holders of the Securities shall be subrogated to
the rights of the holders of Senior Debt (to the extent that distributions otherwise payable to such holder have been applied to the payment of Senior Debt) to receive payments or distributions of cash, property or securities of the Company
applicable to Senior Debt until the principal of, premium, if any and interest, if any, on the Securities shall be paid in full and no such payments or distributions to the holders of the Securities of cash, property or securities otherwise
distributable to the holders of Senior Debt shall, as between the Company, its creditors other than the holders of Senior Debt, and the holders of the Securities be deemed to be a payment by the Company to or on account of the Securities. It is
understood that the provisions of this Article 10 are and are intended solely for the purpose of defining the relative rights of the holders of the Securities, on the one hand, and the holders of the Senior Debt, on the other hand. Nothing contained
in this Article 10 or elsewhere in this Indenture or in the Securities is intended to or shall impair, as between the Company, its creditors other than the holders of Senior Debt, and the holders of the Securities, the obligation of the Company,
which is unconditional and absolute, to pay to the holders of the Securities the principal of , premium, if any, and interest, if any, on the Securities as and when the same shall become due and payable in accordance with their terms, or to affect
the relative rights of the holders of the Securities and creditors of the Company other than the holders of Senior Debt, nor shall anything herein or in the Securities prevent the Trustee or the holder of any Security from exercising all remedies
otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article 10 of the holders of Senior Debt in respect of cash, property or securities of the Company received upon the exercise of any
such remedy. Upon any payment or distribution of assets of the Company referred to in this Article 10, the Trustee, subject to the provisions of Section 10.5, shall be entitled to rely upon a certificate of the liquidating trustee or agent or
other person making any distribution to the Trustee for the purpose of ascertaining the Persons entitled to participate in such distribution, the holders of Senior Debt and other Debt of the Company, the amount thereof or payable thereon, the amount
or amounts paid or distributed thereof and all other facts pertinent thereto or to this Article 10. 
 With respect to the holders of Senior
Debt, the Trustee undertakes to perform or observe only such of its covenants and objectives as are specifically set forth in this Indenture, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this
Indenture against the Trustee. The Trustee, however, shall not be deemed to owe any fiduciary duty to the holders of Senior Debt. The Trustee shall not be liable to any such holder if it shall pay over or distribute to or on behalf of holders of
Securities or the Company, or any other Person, moneys or assets to which any holder of Senior Debt shall be entitled by virtue of this Article 10. 
 Section 10.3    No Payment on Securities in Event of Default on Senior Debt. Subject to Section 10.1, no payment by the Company on account of principal, premium, if any, sinking funds or interest, if
any, on the Securities shall be made at anytime if: (a) a default on Senior Debt exists that permits the holders of such Senior Debt to accelerate its maturity and (b) the default is the subject of judicial proceedings or the Company has
received notice of such default. The Company may resume payments on the Securities when full payment of amounts then due for principal , premium, if any, sinking funds and interest on Senior Debt has been made or duly provided for in money or
money’s worth. 
 Section 10.4    Payments on Securities Permitted. Subject to Section 10.1,
nothing contained in this Indenture or in any of the Securities shall (a) affect the obligation of the 

  

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Company to make, or prevent the Company from making, at any time except as provided in Sections 10.2 and 10.3, payments of principal of, premium, if any, or
interest, if any, on the Securities or (b) prevent the application by the Trustee of any moneys or assets deposited with it hereunder to the payment of or on account of the principal of , premium, if any or interest, if any, on the Securities,
unless a Trust Officer of the Trustee shall have received at its Corporate Trust Office written notice of any fact prohibiting the making of such payment from the Company or from the holder of any Senior Debt or from the trustee for any such holder,
together with proof satisfactory to the Trustee of such holding of Senior Debt or of the authority of such trustee more than two Business Days prior to the date fixed for such payment. 
 Section 10.5    Authorization of Securityholders to Trustee to Effect Subordination. Subject to Section 10.1, each
holder of Securities by his acceptance thereof authorizes and directs the Trustee on his, her or its behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 10 and appoints the
Trustee his attorney-in-fact for any and all such purposes. 
 Section 10.6    Notices to Trustee. Subject to
Section 10.1, notwithstanding the provisions of this Article 10 or any other provisions of this Indenture, neither the Trustee nor any Paying Agent (other than the Company or a Subsidiary) shall be charged with knowledge of the existence of any
Senior Debt or of any fact which would prohibit the making of any payment of moneys or assets to or by the Trustee or such Paying Agent, unless and until a Trust Officer of the Trustee or such Paying Agent shall have received (in the case of a Trust
Officer of the Trustee, at the Corporate Trust Office of the Trustee) written notice thereof from the Company or from the holder of any Senior Debt or from the trustee for any such holder, together with proof satisfactory to the Trustee of such
holding of Senior Debt or of the authority of such trustee and, prior to the receipt of any such written notice, the Trustee shall be entitled in all respects conclusively to presume that no such facts exist; provided, however, that if at least two
Business Days prior to the date upon which by the terms hereof any such moneys or assets may become payable for any purpose (including, without limitation, the payment of either the principal, premium, if any, or interest, if any, on any Security) a
Trust Officer of the Trustee shall not have received with respect to such moneys or assets the notice provided for in this Section 10.6, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and
authority to receive such moneys or assets and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received by it within two Business Days prior to such date. The
Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Debt (or a trustee on behalf of such holder) to establish that such a notice has been given by a holder of Senior
Debt or a trustee on behalf of any such holder. In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Debt to participate in any payment or distribution
pursuant to this Article 10, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Debt held by such Person, the extent to which such Person is entitled to participate in
such payment or distribution and any other facts pertinent to the rights of such Person under this Article 10 and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of
such Person to receive such payment. 
  

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 Section 10.7    Trustee as Holder of Senior Debt. Subject to
Section 10.1, the Trustee in its individual capacity shall be entitled to all the rights set forth in this Article 10 in respect of any Senior Debt at any time held by it to the same extent as any other holder of Senior Debt and nothing in this
Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article 10 shall apply to claims of, or payments to, the Trustee under or pursuant to Sections 6.6 or 7.7. 
 Section 10.8    Modifications of Terms of Senior Debt. Subject to Section 10.1, any renewal or extension of the time
of payment of any Senior Debt or the exercise by the holders of Senior Debt of any of their rights under any instrument creating or evidencing Senior Debt, including, without limitation, the waiver of default thereunder, may be made or done all
without notice to or assent from the Holders of the Securities or the Trustee. No compromise, alteration, amendment, modification, extension, renewal or other change of, or waiver, consent or other action in respect of, any liability or obligation
under or in respect of, or of any of the terms, covenants or conditions of any indenture or other instrument under which any Senior Debt is outstanding or of such Senior Debt, whether or not such release is in accordance with the provisions of any
applicable document, shall in any way alter or affect any of the provisions of this Article 10 or of the Securities relating to the subordination thereof. 
 Section 10.9    Reliance on Judicial Order or Certificate of Liquidating Agent. Subject to Section 10.1, upon any payment or distribution of assets of the Company referred to in
this Article 10, the Trustee and the holders of the Securities shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization,
dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or
distribution, delivered to the Trustee or to the holders of Securities, for the purpose of ascertaining the persons entitled to participate in such payment or distribution to holders of Senior Debt and other Debt of the Company, the amount thereof
or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article 10. 
 Section 10.10    Satisfaction and Discharge; Defeasance and Covenant Defeasance. Subject to Section 10.1, amounts and U.S. Government Obligations or Foreign Government Obligations deposited in trust with
the Trustee pursuant to and in accordance with Article 8 and not, at the time of such deposit, prohibited to be deposited under Sections 10.2 or 10.3 shall not be subject to this Article 10. 
 Section 10.11    Trustee Has No Fiduciary Duty to Holders of Senior Debt. With respect to the holders of Senior Debt, the
Trustee undertakes to perform or to observe only such of its covenants and objectives as are specifically set forth in this Indenture, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this
Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt, and shall not be liable to any such holders if it shall mistakenly pay over or deliver to the Holders or the Company or any other
Person, money or assets to which any holders of Senior Debt of the Company shall be entitled by virtue of this Article or otherwise. 
  

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 Section 10.12    Paying Agents Other than the Trustee. In case at any
time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term “Trustee” as used in this Article shall in such case (unless the context shall otherwise require) be construed as
extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent were named in this Article in addition to or in place of the Trustee; provided, however, that Sections 10.6, 10.7 and 10.11
shall not apply to the Company if it acts as Paying Agent. 
 ARTICLE 11  
 MEETINGS OF HOLDERS; ACTION WITHOUT MEETING 
 Section 11.1    Purposes For Which Meetings May Be Called. A meeting of Holders of Securities of one or more, or all, Series may be called at any time and from time to time pursuant to
this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Securities of such Series. 
 Section 11.2    Call, Notice and Place of Meeting. 
 (a)      The Trustee may at any time call a meeting of Holders of Securities of one or more, or all, Series thereof, for
any purpose specified in Section 11.1, to be held at such time and (except as provided in subsection (b) of this Section) at such place in the Borough of Manhattan, The City of New York, as the Trustee shall determine, or, with the
approval of the Company, at any other place. Notice of every such meeting, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in
Section 12.2, not less than 21 nor more than 180 days prior to the date fixed for the meeting. 
 (b)      The Trustee may be asked to call a meeting of the Holders of Securities of one or more, or all, Series, by the Company or by the Holders of 33% in aggregate principal amount of all of such Series,
considered as one class, for any purpose specified in Section 11.1, by written request setting forth in reasonable detail the action proposed to be taken at the meeting. If the Trustee shall have been asked by the Company to call such a
meeting, the Company shall determine the time and place for such meeting and may call such meeting by giving notice thereof in the manner provided in subsection (a) of this Section, or shall direct the Trustee, in the name and at the expense of
the Company, to give such notice. If the Trustee shall have been asked to call such a meeting by Holders in accordance with this subsection (b), and the Trustee shall not have given the notice of such meeting within 21 days after receipt of such
request or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Holders of Securities of such Series, in the principal amount above specified, may determine the time and the place in the Borough of Manhattan, The
City of New York, or in such other place as shall be determined or approved by the Company for such meeting and may call such meeting for such purposes by giving notice thereof as provided in subsection (a) of this Section. 
 (c)      Any meeting of Holders of Securities of one or more, or all, Series shall be valid without notice if the Holders
of all outstanding Securities of such Series are present in person or by proxy and if representatives of the Company and the Trustee are present, or if notice 
  

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 is waived in writing before or after the meeting by the Holders of all outstanding Securities of such Series, or by such
of them as are not present at the meeting in person or by proxy, and by the Company and the Trustee. 
 Section 11.3    Persons Entitled to Vote at Meetings. To be entitled to vote at any meeting of Holders of Securities of one or more, or all, Series, a Person shall be (a) a Holder of one or more
outstanding Securities of such Series, or (b) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more outstanding Securities of such Series by such Holder or Holders. The only Persons who shall be entitled
to attend any meeting of Holders of Securities of any Series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel.

 Section 11.4    Quorum; Action. The persons entitled to vote a majority in aggregate principal amount of
the outstanding Securities of the Series with respect to which a meeting shall have been called as hereinbefore provided, considered as one class, shall constitute a quorum for a meeting of Holders of Securities of such Series; provided, however,
that if any action is to be taken at such meeting which this Indenture expressly provides may be taken by the Holders of a specified percentage, which is less than a majority, in principal Holders of a specified percentage, which is less than a
majority, in principal amount of the outstanding Securities of such Series, considered as one class, the Persons entitled to vote such specified percentage in principal amount of the outstanding Securities of such Series, considered as one class,
shall constitute a quorum. In the absence of a quorum within one hour of the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such Series, be dissolved. In any other case the meeting may
be adjourned for such period as may be determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for such period as
may be determined by the chairman of the meeting prior to the adjournment of such adjourned meeting. Except as provided by Section 11.5(e), notice of the reconvening of any meeting adjourned for more than 30 days shall be given as provided in
section 12.2 not less than ten days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the
outstanding Securities of such Series which shall constitute a quorum. 
 Except as limited by Section 11.2, any resolution presented to
a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in aggregate principal amount of the outstanding Securities of the Series with respect
to which such meeting shall have been called, considered as one class; provided, however, that, except as so limited, any resolution with respect to any action which this Indenture expressly provides may be taken by the Holders of a specified
percentage, which is less than a majority, in principal amount of the outstanding Securities of such Series, considered as one class, may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid
by the affirmative vote of the Holders of such specified percentage in principal amount of the outstanding Securities of such Series, considered as one class. 
  

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 Any resolution passed or decision taken at any meeting of Holders of Securities duly held in accordance
with this Section shall be binding on all the Holders of Securities of the Series with respect to which such meeting shall have been held, whether or not present or represented at the meeting. 
 Section 11.5    Attendance at Meetings; Determination of Voting Rights; Conduct and Adjournment of Meetings. 

(a)      Attendance at meetings of Holders of Securities may be in person or by proxy; and, to the extent permitted by
law, any such proxy shall remain in effect and be binding upon any future Holder of the Securities with respect to which it was given unless and until specifically revoked by the Holder or future Holder of such Securities before being voted.

 (b)      Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable
regulations as it may deem advisable for any meeting of Holders of Securities in regard to proof of the holding of such Securities and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission
and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. 
 (c)      The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting
shall have been called by the Company or by Holders as provided in Section 11.2(b), in which case the Company or the Holders of Securities of the Series calling the meeting, as the case may be, shall in like manner appoint a temporary chairman.
A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in aggregate principal amount of the outstanding Securities of all Series represented at the meeting, considered as one
class. 
 (d)      At any meeting each Holder or proxy shall be entitled to one vote for each U.S. $1,000
principal amount of outstanding Securities held or represented by such Holder; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not outstanding and ruled by the chairman of the meeting
to be not outstanding. The chairman of the meeting shall have not right to vote, except as a Holder of a Security or proxy. 
 (e)      Any meeting duly called pursuant to Section 11.2 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in aggregate principal amount of the
outstanding Securities of all Series represented at the meeting, considered as one class; and the meeting may be held as so adjourned without further notice. 
 Section 11.6    Counting Votes and Recording Action of Meetings. The vote upon any resolution submitted to any meeting of Holders shall be by written ballots on which shall be
subscribed the signatures of the Holders or of their representatives by proxy and the principal amounts and serial numbers of the outstanding Securities of the Series with respect to which the meeting shall have been called, held or represented by
them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their 
  

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 verified written reports of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of
Holders shall be prepared by the secretary of the meeting and there shall be attached to such record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the
facts setting forth a copy of the notice of the meeting and showing that such notice was given as provided in Section 12.2. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one
such copy shall be delivered to the Company, and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the
matters therein stated. 
 ARTICLE 12 
 MISCELLANEOUS 
 Section 12.1    Trust Indenture Act Controls.
If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be included in this Indenture by the TIA, such required or deemed provision shall control. 
 Section 12.2    Notices. Any notice or communication by the Company or the Trustee to the other is duly given if in
writing and delivered in person or mailed by first-class mail or overnight delivery: 
 if to the Company: 
 SunPower Corporation 
 3939 N. First Street

 San Jose, California 95134 
 Attention: Chief Financial Officer 
 if to the Trustee: 
 Wells Fargo Bank, National Association 
 Corporate Trust Services 
 MAC N9303-120 
 608 2nd Avenue South 
 Minneapolis, MN 55479 
 Attention: SunPower Account Manager 
 The
Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications. 
 Any notice or communication to a Securityholder shall be delivered to his address shown on the register kept by the Registrar. Failure to deliver a notice or communication to a Securityholder of any Series or any defect in it shall not
affect its sufficiency with respect to other Securityholders of that or any other Series. 
 If a notice or communication is delivered in the
manner provided above, within the time prescribed, it is duly given, whether or not the Securityholder receives it. 
  

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 If the Company delivers a notice or communication to Securityholders, it shall deliver a copy to the
Trustee and each Agent at the same time. 
 Section 12.3    Communication by Holders with Other Holders.
Securityholders of any Series may communicate pursuant to TIA § 312(b) with other Securityholders of that Series or any other Series with respect to their rights under this Indenture or the Securities of that Series or all Series. The Company,
the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 
 Section 12.4    Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company to the Trustee to take or refrain from taking any action under this Indenture, the Company
shall furnish to the Trustee: 
 (a)      an Officers’ Certificate in form and substance reasonably
satisfactory to the Trustee stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 
 (b)      an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee stating that, in the opinion
of such counsel, all such conditions precedent have been complied with. 
 Section 12.5    Statements Required in
Certificate or Opinion. Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
 (a)      a statement that the person making such certificate or opinion has read such covenant or condition; 
 (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
such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (d)      a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied
with. 
 Section 12.6    Rules by Trustee and Agents. The Trustee may make reasonable rules for action by or
a meeting of Securityholders of one or more Series. Any Agent may make reasonable rules and set reasonable requirements for its functions. 
 Section 12.7    Legal Holidays. Unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture for a particular Series, a “Legal Holiday” is a Saturday, Sunday
or a day on which banking institutions in the city (or in any of the cities, if more than one) in which amounts are payable, as specified in the form of such Security, are not required by any applicable law or regulation to be open, and no interest
shall accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected. 
  

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 Section 12.8    No Recourse Against Others. A director, officer, employee
or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each
Securityholder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities. 
 Section 12.9    Counterparts. This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 Section 12.10    Governing Laws. THIS INDENTURE AND THE SECURITIES SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF SUCH STATE INCLUDING, WITHOUT LIMITATION, SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 
 Section 12.11    No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary. Any such indenture, loan
or debt agreement may not be used to interpret this Indenture. 
 Section 12.12    Successors. All agreements
of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture shall bind its successor. 
 Section 12.13    Severability. In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. 
 Section 12.14    Table of Contents,
Headings, Etc. The Table of Contents, Cross Reference Table, and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or
restrict any of the terms or provisions hereof. 
 Section 12.15    Securities in a Foreign Currency or in
ECU. Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for
purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series or all Series affected by a particular action at the time outstanding and, at such time, there are
outstanding Securities of any Series which are denominated in a coin or currency other than Dollars (including ECUs), then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such
action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such time. For purposes of this Section 11.15, “Market 
  

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 Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable transfers of that currency as
published by the Federal Reserve Bank of New York; provided, however, in the case of ECUs, Market Exchange Rate shall mean the rate of exchange determined by the Commission of the European Union (or any successor thereto) as published in the
Official Journal of the European Union (such publication or any successor publication, the “Journal”). If such Market Exchange Rate is not available for any reason with respect to such currency, the Trustee shall use, in its sole
discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York or, in the case of ECUs, the rate of exchange as published in the Journal, as of the most recent available date, or quotations or, in the case of
ECUs, rates of exchange from one or more major banks in The City of New York or in the country of issue of the currency in question or, in the case of ECUs, in Luxembourg or such other quotations or, in the case of ECUs, rates of exchange as the
Trustee, upon consultation with the Company, shall deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in
connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 
 All decisions and determinations of the
Trustee regarding the Market Exchange Rate or any alternative determination provided for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all
purposes and irrevocably binding upon the Company and all Holders. 
 Section 12.16    Judgment Currency. The
Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other
amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal
banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then, the rate of
exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final
unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered
in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be
payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full
amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day
except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or executive order to close. 
  

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 Section 12.17    Acts of Holders. 
 (a)      Any request, demand, authorization, direction, notice, consent, election, waiver or other action provided by this
Indenture to be made, 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 or, alternatively, may be embodied
in and evidenced by the record of Holders voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders duly called and held in accordance with the provisions of Article 11, or a combination of such
instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the
Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “ACT” of the Holders signing such instrument or instruments and so voting at any
such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the
Company, if made in the manner provided in this Section. The record of any meeting of Holders shall be proved in the manner provided in Section 11.6. 
 (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 or may be provided in any other manner which the Trustee and the
Company deem sufficient. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. 
 (c)      The ownership, principal amount and serial numbers of Securities held by any Person, and the date of holding the
same, shall be proved by the Register. 
 (d)      Any request, demand, authorization, direction, notice,
consent, election, waiver or other Act of a Holder shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of
anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 
 (e)      Until such time as written instruments shall have been delivered to the Trustee with respect to the requisite percentage of principal amount of Securities for the action
contemplated by such instruments, any such instrument executed and delivered by or on behalf of a Holder may be revoked with respect to any or all of such Securities by written notice by such Holder or any subsequent Holder, proven in the manner in
which such instrument was proven. 
 (f)      Securities of any Series, authenticated and delivered after any
Act of Holders may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any action taken by such Act of Holders. If the Company shall so determine, new 
  

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 Securities of any Series, so modified as to conform, in the opinion of the Trustee and the Company, to such action may be
prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for outstanding Securities of such Series. 
 (g)      The Company may, at its option, by Company Order, fix in advance a record date for the determination of Holders entitled to given any request, demand, authorization, direction, notice, consent, waiver
or other Act solicited by the Company, but the Company shall have no obligation to do so; provided, however, that the Company may not fix a record date for the giving or making of any notice, declaration, request or direction referred to in the next
sentence. In addition, the Trustee may, at its option, fix in advance a record date for the determination of Holders of Securities of any Series entitled to join in the giving or making of any Notice of Default, any declaration of acceleration, any
request to institute proceedings or any direction, in each case with respect to Securities of such Series. If any such record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act, or such notice,
declaration, request or direction, may be given before or after such record date, but only the Holders of record at the close of business on the record date shall be deemed to be Holders for the purposes of determining (i) whether Holders of
the requisite proportion of the outstanding Securities have authorized or agreed or consented to such Action (and for that purpose the outstanding Securities shall be computed as of the record date) and/or (ii) which Holders may revoke any such
Act (notwithstanding subsection (e) of this Section); and any such Act, given as aforesaid, shall be effective whether or not the Holders which authorized or agreed or consented to such Act remain Holders after such record date and whether or
not the Securities held by such Holders remain outstanding after such record date. 
 ARTICLE 13 
 SINKING FUNDS 
 Section 13.1    Applicability of Article. The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series, except as otherwise permitted or required by
any form of Security of such Series issued pursuant to this Indenture. 
 The minimum amount of any sinking fund payment provided for by the
terms of the Securities of any Series is herein referred to as a “mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred to as an “optional sinking fund
payment.” If provided for by the terms of Securities of any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 13.2. Each sinking fund payment shall be applied to the redemption of
Securities of any Series as provided for by the terms of the Securities of such Series. 
 Section 13.2    Satisfaction of Sinking Fund Payments with Securities. The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
pursuant to the terms of such Securities (a) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and
(b) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been redeemed either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any
mandatory sinking fund) or through the application of permitted optional 
  

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 sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such
Securities have not been previously so credited. Such Securities shall be received by the Trustee, together with an Officers’ Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of
selecting Securities for redemption, and shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced
accordingly. If as a result of the delivery or credit of Securities in lieu of cash payments pursuant to this Section 13.2, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be
less than $100,000, the Trustee need not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next
succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent
upon delivery by the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company. 
 Section 13.3    Redemption of Securities for Sinking Fund. Not less than 45 days (unless otherwise indicated in the Board
Resolution, supplemental indenture hereto or Officers’ Certificate in respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officers’
Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any,
which is to be satisfied by delivering and crediting of Securities of that Series pursuant to Section 13.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon
be obligated to pay the amount therein specified. Not less than 30 days (unless otherwise indicated in the Board Resolution, Officers’ Certificate or supplemental indenture in respect of a particular Series of Securities) before each such
sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 3.2 and cause notice of the redemption thereof to be given in the name of and at the expense
of the Company in the manner provided in Section 3.3. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.4, 3.5 and 3.6. 
  

 -54- 

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

			
	SUNPOWER CORPORATION
		
	By:	 	/Emmanuel E. Hernandez/
	Name:	 	Emmanuel E. Hernandez
	Its:	 	Chief Financial Officer
	
	 WELLS FARGO, NATIONAL ASSOCIATION
 as Trustee

		
	By:	 	 /S/ Lynn Steiner

	Name:	 	Lynn Steiner
	Its:	 	Vice President

  

 -55-First Supplemental Indenture

 Exhibit 10.3 
 FIRST SUPPLEMENTAL INDENTURE 
 Dated as of February 7, 2007 
 between 
 SunPower Corporation

 and 
 Wells Fargo
Bank, National Association, 
 as 
 Trustee 
 1.25% SENIOR CONVERTIBLE DEBENTURES DUE 2027 
  

 TABLE OF CONTENTS 
 Page 
  

							
	Article 1 Definitions and Incorporation by Reference	  	1
		 	Section 1.01	  	 Definitions
	  	1
		 	Section 1.02	  	 Other Definitions
	  	6
	Article 2 The Series of Debentures	  	6
		 	Section 2.01	  	 Designation and Amount of Debentures
	  	6
		 	Section 2.02	  	 Form of the Debentures
	  	6
		 	Section 2.03	  	 Maturity Date; Interest
	  	7
		 	Section 2.04	  	 Exchange and Registration on Transfer.
	  	7
		 	Section 2.05	  	 Global Debentures
	  	8
		 	Section 2.06	  	 Additional Debentures
	  	9
		 	Section 2.07	  	 Defaulted Interest
	  	9
		 	Section 2.08	  	 Registrar, Paying Agent, Conversion Agent and Trustee
	  	9
	Article 3 Redemption and Repurchase of Debentures	  	10
		 	Section 3.01	  	 Optional Redemption of Debentures
	  	10
		 	Section 3.02	  	 Notice of Optional Redemption; Selection of Debentures to Be Redeemed
	  	10
		 	Section 3.03	  	 Payment of Debentures Called for Redemption
	  	11
		 	Section 3.04	  	 Repurchase at Option of Holders Upon a Fundamental Change
	  	12
		 	Section 3.05	  	 Repurchase of Debentures by the Company at the Option of Holders
	  	13
		 	Section 3.06	  	 Company Repurchase Notice
	  	14
		 	Section 3.07	  	 Effect of Repurchase Notice; Withdrawal
	  	15
		 	Section 3.08	  	 Deposit of Repurchase Price
	  	15
		 	Section 3.09	  	 Debentures Repurchased in Part
	  	16
		 	Section 3.10	  	 Purchase of Debentures in the Open Market
	  	16
		 	Section 3.11	  	 Cancellation of Debentures Redeemed or Repurchased
	  	16
		 	Section 3.12	  	 Sinking Funds
	  	16
	Article 4 Covenants	  	16
		 	Section 4.01	  	 Payment of Debentures
	  	16
		 	Section 4.02	  	 Maintenance of Office or Agency
	  	16
		 	Section 4.03	  	 Compliance Certificate
	  	17
		 	Section 4.04	  	 Payment of Taxes and Other Claims
	  	17
		 	Section 4.05	  	 Further Instruments and Acts
	  	17
	Article 5 Successors	  	17
		 	Section 5.01	  	 When Company May Merge, Etc.
	  	17
		 	Section 5.02	  	 Successor Substituted
	  	18
		 	Section 5.03	  	 Opinion of Counsel to be Given Trustee
	  	18
	Article 6 Default and Remedies	  	18
		 	Section 6.01	  	 Events of Default
	  	18
		 	Section 6.02	  	 Acceleration of Maturity; Rescission and Annulment
	  	20
		 	Section 6.03	  	 Waiver of Past Defaults
	  	20
		 	Section 6.04	  	 Limitation on Suits
	  	21
		 	Section 6.05	  	 Unconditional Rights of Holders to Receive Payment and to Convert
	  	21
	Article 7 Amendments; Supplements and Waivers	  	21
		 	Section 7.01	  	 Without Consent of Holders
	  	21
		 	Section 7.02	  	 With Consent of Holders
	  	22
	Article 8 Conversion of Debentures	  	23
		 	Section 8.01	  	 Right to Convert
	  	23
		 	Section 8.02	  	 Exercise of Conversion Right; Issuance of Class A Common Stock on Conversion; No Adjustment for Interest or Dividends
	  	25
		 	Section 8.03	  	 Cash Payments in Lieu of Fractional Shares
	  	27
		 	Section 8.04	  	 Conversion Rate
	  	27
		 	Section 8.05	  	 Adjustment of Conversion Rate
	  	28
		 	Section 8.06	  	 Effect of Reclassification, Consolidation, Merger or Sale
	  	35
		 	Section 8.07	  	 Taxes on Shares Issued
	  	36

  

 i 

							
		 	Section 8.08	  	 Reservation of Shares, Shares to be Fully Paid; Compliance with Governmental Requirements; Listing of Class A Common Stock
	  	36
		 	Section 8.09	  	 Responsibility of Trustee
	  	36
		 	Section 8.10	  	 Notice to Holders Prior to Certain Actions
	  	37
		 	Section 8.11	  	 Stockholder Rights Plans
	  	37
		 	Section 8.12	  	 Settlement Upon Conversion
	  	37
	Article 9 Discharge of Indenture	  	38
		 	Section 9.01	  	 Discharge of Liability on Debentures
	  	38
		 	Section 9.02	  	 Application of Trust Money
	  	38
		 	Section 9.03	  	 Repayment to Company
	  	39
		 	Section 9.04	  	 Reinstatement
	  	39
		 	Section 9.05	  	 Defeasance
	  	39
	Article 10 Miscellaneous	  	39
		 	Section 10.01	  	 Governing Law
	  	39
		 	Section 10.02	  	 No Debenture Interest Created
	  	39
		 	Section 10.03	  	 Successors
	  	39
		 	Section 10.04	  	 Counterparts
	  	39
		 	Section 10.05	  	 Severability
	  	39
		 	Section 10.06	  	 Table of Contents, Headings, Etc.
	  	39
		 	Section 10.07	  	 Inconsistency
	  	40
		 	Section 10.08	  	 Calculations in Respect of Debentures
	  	40
		
	Exhibit A – Form of Note	  	

  

 ii 

 THIS FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of
February 7, 2007, is between SunPower Corporation, a corporation duly organized under the laws of the State of Delaware (the “Company”), and Wells Fargo Bank, National Association, as Trustee (the “Trustee”).

 RECITALS 
 WHEREAS, the
Company and the Trustee have duly executed and delivered an Indenture, dated as of February 7, 2007 (the “Base Indenture” and together with this First Supplemental Indenture, the “Indenture”), to provide for
the issuance by the Company from time to time of debentures, notes or other debt instruments to be issued in one or more series by the Company; 
 WHEREAS, the issuance and sale of up to $200,000,000 aggregate principal amount of the Company’s 1.25% Senior Convertible Debentures due 2027 has been authorized by resolutions adopted by the Board of Directors; 
 WHEREAS, Section 9.1(e) of the Base Indenture expressly permits the Company and the Trustee to enter into one or more supplemental indentures for
the purposes of establishing the forms and terms of any Securities to be issued under the Indenture without the consent of the Holders of any Securities then outstanding; 
 WHEREAS, the Company desires to supplement the provisions of the Base Indenture to provide for the issuance of the Debentures under the terms of the Base Indenture as supplemented hereby; and 
 WHEREAS, for the purposes hereinabove recited, and pursuant to due corporate action, the Company has duly determined to execute and deliver to the
Trustee this First Supplemental Indenture; 
 NOW, THEREFORE, in consideration of the covenants and agreements set forth herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Trustee covenant and agree as follows: 
 Article 1 
 Definitions and Incorporation by Reference 
 Section 1.01    Definitions. 
 All terms contained in this First Supplemental Indenture shall, except as specifically provided for herein or except as the context may otherwise require, have the meanings given to such terms in the Base Indenture.
In the event of any inconsistency between the Base Indenture and the First Supplemental Indenture, this First Supplemental Indenture shall govern. 
 Unless the context otherwise requires, the following terms shall have the following meanings: 
 “Additional Debentures”
has the meaning specified in Section 2.06. 
 “Additional Shares” has the meaning specified in Section 8.04(b).

 “Applicable Consideration” has the meaning specified in Section 8.06. 
 “Applicable Procedures” means, with respect to any conversion, transfer or exchange of beneficial ownership interests in a Global Debenture,
the rules and procedures of the Depositary, to the extent applicable to such transfer or exchange. 
 “Board of Directors” means
the Board of Directors of the Company or, other than in the case of the definitions of “Continuing Directors” and “Fundamental Change,” any committee thereof duly authorized to act on behalf of such Board. 
  

 “Class A Common Stock” means the class A common stock of the Company, par value $0.001 per
share, as it exists on the date of this First Supplemental Indenture and any shares of any class or classes of Capital Stock of the Company resulting from any reclassification or reclassifications thereof, or, in the event of a merger, consolidation
or other similar transaction involving the Company that is otherwise permitted hereunder in which the Company is not the surviving corporation, the common stock, ordinary shares or depositary shares or other common equity interests of such surviving
corporation or its direct or indirect parent corporation, which have no preference in respect of dividends or of amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company, which are not
subject to redemption by the Company; provided, however, that if at any time there shall be more than one such resulting class distributed to holders of the Class A Common Stock, the shares of each such class then so issuable on
conversion of Debentures shall be substantially in the proportion which the total number of shares of such class resulting from all such reclassifications bears to the total number of shares of all such classes resulting from all such
reclassifications. 
 “Class B Common Stock” means the class B common stock of the Company, par value $0.001 per share, as it
exists on the date of the First Supplemental Indenture. 
 “Closing Sale Price” of any share of Class A Common Stock or any
other security on any Trading Day means the closing sale price of such security (or, if no closing sale price is reported, the average of the closing bid and ask prices or, if more than one in either case, the average of the average closing bid and
the average closing ask prices) on such date as reported in composite transactions for the principal U.S. securities exchange (or if not so listed, on the principal regional securities exchange) on which the shares of Class A Common Stock are
traded or, if the shares of Class A Common Stock are not listed on a U.S. national or regional securities exchange, as reported by Pink Sheets LLC. In the absence of such a quotation, the Closing Sale Price shall be determined by a nationally
recognized securities dealer retained by the Company to make such determination. The Closing Sale Price shall be determined without reference to extended or after hours trading. 
 “Closing Date” means the date of this First Supplemental Indenture. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Continuing Directors” means, as of any date of determination, any member of the Board of Directors who (i) was a member of the Board of Directors on the date of this First Supplemental Indenture; or
(ii) was nominated for election or elected to the Board of Directors with the approval of a majority of the Continuing Directors who were members of the Board of Directors at the time of such new director’s nomination or election.

 “Conversion Date” has the meaning specified in Section 8.02. 
 “Conversion Notice” has the meaning specified in Section 8.02. 
 “Conversion Price” on any date of determination means $1,000 divided by the Conversion Rate as of such date. 
 “Conversion Period” means the 20 consecutive Trading Day period: (1) if the Company has called the Debentures delivered for conversion for
redemption, beginning on the 23rd scheduled Trading Day immediately preceding the Redemption Date; (2) with respect to Conversion Notices received during the period beginning 25 Trading Days preceding the Maturity Date and ending one Trading
Day preceding the Maturity Date, beginning on the 23rd scheduled Trading Day immediately preceding the Maturity Date; (3) with respect to conversions in connection with a Fundamental Change, beginning on the 23rd scheduled Trading Day
immediately preceding the Repurchase Date relating to such Fundamental Change; and (4) in all other cases, beginning on the third Trading Day following the Company’s receipt of a Holder’s Conversion Notice delivered in accordance with
Section 8.02. 
 “Conversion Rate” means the number of shares of Class A Common Stock into which each $1,000 principal
amount of Debentures is convertible, which is initially 17.6211 shares, subject to adjustments as set forth herein. 
  

 2 

 “Conversion Settlement Amount” means the sum of the Daily Settlement Amounts for each of the 20
Trading Days during the Conversion Period. 
 “Conversion Value” means the sum of the Daily Conversion Value for 20 consecutive
Trading Days during the Conversion Period. 
 “Corporate Trust Office” or other similar term, means the designated office of the
Trustee at any particular time its corporate trust business as it relates to the Indenture shall be administered, which office is, at the date as of which this First Supplemental Indenture is dated, located at Wells Fargo Bank, National Association,
Corporate Trust Services, MAC N9303-120, 608 Second Avenue South Minneapolis, MN 55479, Attention: SunPower Account Manager or at any other time at such other address as the Trustee may designate from time to time by notice to the Company.

 “Current Market Price” has the meaning specified in Section 8.05(g)(1). 
 “Daily Conversion Value” has the meaning specified in Section 8.12. 
 “Daily Settlement Amount” has the meaning specified in Section 8.12. 
 “Debentureholder” or “Holder” means the Person in whose name a Debenture is registered on the Registrar’s books. 
 “Debentures” means any debentures issued, authenticated and delivered under the Indenture, including any Global Debentures. 
 “Determination Date” has the meaning specified in Section 8.05(l). 
 “Distribution Notice” has the meaning specified in Section 8.01(c). 
 “Fair Market Value” has the meaning specified in Section 8.05(g)(2). 
 “Fiscal Quarter” means, with respect to the Company, each fiscal quarter publicly disclosed by the Company. The Company shall confirm the
ending dates of its fiscal quarters for the current fiscal year to the Trustee upon the Trustee’s request. 
 “Fundamental
Change” means the occurrence of any of the following after the original issuance of the Debentures: 
 (a)      the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” other than Parent or its successors or a controlling
Person or Persons of Parent, directly or indirectly, including through one or more wholly-owned subsidiaries, becomes the “beneficial owner” (as these terms are defined in Rule 13d-3 and Rule 13d-5 under the Exchange Act), of more than 75%
of the voting power of the Company’s Capital Stock that is at the time entitled to vote by the holder thereof in the election of the Board of Directors (or comparable body); 
 (b)      the first day on which a majority of the members of the Board of Directors are not Continuing
Directors; 
 (c)      the adoption of a plan relating to the liquidation or dissolution of the
Company; 
 (d)      the consolidation or merger of the Company with or into any other
“person” (as this term is used in Section 13(d)(3) of the Exchange Act), or the sale, lease, transfer, conveyance or other disposition, in one or a series of related transactions, of all or substantially all of the Company’s
assets and those of its subsidiaries taken as a whole to any “person” (as this term is used in Section 13(d)(3) of the Exchange Act), other than: 
  

 3 

 (i)      any transaction: 
 (A) that does not result in any reclassification, conversion, exchange or cancellation of outstanding shares of the Class A Common
Stock; and 
 (B) pursuant to which the holders of 50% or more of the total voting power of all shares of the Company’s
Capital Stock entitled to vote generally in elections of directors of the Company immediately prior to such transaction have the right to exercise, directly or indirectly, 50% or more of the total voting power of all shares of the Company’s
Capital Stock entitled to vote generally in elections of directors of the continuing or surviving Person immediately after giving effect to such transaction; or 
 (ii) any merger primarily for the purpose of changing the Company’s jurisdiction of incorporation and resulting in a
reclassification, conversion or exchange of outstanding shares of Class A Common Stock solely into shares of common stock of the surviving entity; 
 (e)      the termination of trading of the Class A Common Stock, which will be deemed to have occurred if the Class A Common Stock or other common stock or common equity
interests into which the Debentures are then convertible, are neither listed for trading on a United States national securities exchange nor approved for listing on any United States system of automated dissemination of quotations of securities
prices, and no American Depositary Shares certificates or similar instruments for such common stock or common equity interests are so listed or approved for listing in the United States; or 
 (f)      Parent repurchases or otherwise directly or indirectly acquires more than 50% of the outstanding
Class A Common Stock, excluding from this calculation all shares of Class A Common Stock acquired by Parent through conversion of Parent’s Class B Common Stock into Class A Common Stock pursuant to the terms of the Class B Common
Stock. 
 However, a Fundamental Change will be deemed not to have occurred if more than 90% of the consideration in the transaction or
transactions (other than cash payments for fractional shares and cash payments made in respect of dissenters’ appraisal rights) which otherwise would constitute a Fundamental Change under clauses (a), (d) or (f) above consists of
shares of common stock, depositary receipts or other common equity interests traded or to be traded immediately following such transaction on a national securities exchange and, as a result of the transaction or transactions, the Debentures become
convertible into such common stock, depositary receipts or other common equity interests (and any rights attached thereto) and other applicable consideration. 
 “Fundamental Change Repurchase Date” has the meaning specified in Section 3.04(a). 
 “Global Debentures” has the meaning specified in Section 2.02. 
 “Indenture” means, collectively, the Base
Indenture and the First Supplemental Indenture as the same may be amended or supplemented from time to time pursuant to the terms of the First Supplemental Indenture and the Base Indenture, including the provisions of the TIA that are automatically
deemed to be a part of this Indenture by operation of the TIA. 
 “Interest Payment Date” means February 15 and August 15
of each year, commencing August 15, 2007. 
 “Issue Date” of any Debenture means the date on which the Debenture was
originally issued or deemed issued as set forth on the face of the Debenture. 
  

 4 

 “Market Disruption Event” means the occurrence or existence during the one-half hour period
ending on the scheduled close of trading on any Trading Day for the Class A Common Stock of any material suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by applicable U.S. national
securities exchange on which the Class A Common Stock is traded or otherwise) in the Class A Common Stock or in any options, contracts or futures contracts relating to the Class A Common Stock. 
 “Maturity Date” means February 15, 2027. 
 “Non-Stock Change of Control” means a transaction described under clause (a), (d) or clause (f) in the definition of Fundamental Change pursuant to which 10% or more of the consideration for
Class A Common Stock (other than cash payments for fractional shares, if applicable, and cash payments made in respect of dissenters’ appraisal rights) in such transaction consists of cash or securities (or other property) that are not
shares of common stock, depositary receipts or other common equity interests traded or scheduled to be traded immediately following such transaction on a U.S. national securities exchange. 
 “Parent” means Cypress Semiconductor Corporation, or its successors. 
 “Prospectus Supplement” means the prospectus supplement, dated February 2, 2007, relating to the Debentures, as filed by the Company with
the SEC pursuant to Rule 424(b) of the Securities Act. 
 “Purchased Shares” has the meaning specified in Section 8.05(f).

 “Record Date” means, with respect to each Interest Payment Date, the February 1 or August 1, as the case may be, next
preceding such Interest Payment Date. The “record date,” with respect to the Conversion Rate adjustment as provided in Section 8.05, has the meaning specified in Section 8.05(g). 
 “Reference Period” has the meaning specified in Section 8.05(d). 
 “Register” has the meaning specified in Section 2.05. 
 “Registrar” has the meaning specified in Section 2.05. 
 “Repurchase Date” has the
meaning specified in Section 3.05(a). 
 “Repurchase Notice” has the meaning specified in Section 3.04(c). 
 “Spin-off” has the meaning specified in Section 8.05(d). 
 “Spin-off Valuation Period” has the meaning specified in Section 8.05(d). 
 “Stock
Price” has the meaning specified in Section 8.04(b). 
 “Trading Day” means a day during which (i) trading in the
Class A Common Stock generally occurs, (ii) there is no Market Disruption Event and (iii) a Closing Sale Price for the Class A Common Stock is provided on the principal U.S. national or regional securities exchange on which the
Class A Common Stock is then listed or, if the Class A Common Stock is not listed on a U.S. national or regional securities exchange, on the principal other market on which the Class A Common Stock is then traded. 
 “Trading Price” means, with respect to a Debenture on any date of determination, the average of the secondary market bid quotations per $1,000
principal amount of Debentures obtained by the Trustee for $2,000,000 principal amount of Debentures at approximately 3:30 p.m., New York City time, on such determination date from two independent nationally recognized securities dealers selected by
the Company, which may include one or more of the Underwriters; provided that if two such bids cannot reasonably be obtained by the Trustee, but one such bid can be reasonably obtained by the Trustee, then this one bid shall be used; and
provided further that, if the Trustee cannot reasonably obtain at least one bid for $2,000,000 principal amount of Debentures from a 

  

 5 

 
nationally recognized securities dealer, then, for the purpose of determining the convertibility of the Debentures only, the Trading Price per $1,000
principal amount of Debentures shall be deemed to be less than 98% of the product of (a) the Conversion Rate on such determination date and (b) the Closing Sale Price of a share of Class A Common Stock on such determination date.

 “Trigger Event” has the meaning specified in Section 8.05(d). 
 “Underwriters” means the Lehman Brothers Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Cowen and Company, LLC, First
Albany Capital Inc. and ThinkEquity Partners LLC. 
 Section 1.02    Other Definitions. 
  

			
	 Term
	  	Defined in Section
	 “Agent Members”
	  	2.06(g)
	 “Bankruptcy Law”
	  	7.01
	 “Base Indenture”
	  	Recitals
	 “Conversion Agent”
	  	2.08
	 “Custodian”
	  	6.01(a)
	 “First Supplemental Indenture”
	  	Preamble
	 “Indenture”
	  	Recitals
	 “Trustee”
	  	Preamble

 Article 2 
 The Series of Debentures 
 Section 2.01    Designation and Amount
of Debentures. There is hereby authorized a series of senior convertible debentures designated as “1.25% Senior Convertible Debentures due 2027”. The Debentures will initially not exceed the aggregate principal amount of $200,000,000
(except pursuant to Section 2.06 hereof or the Base Indenture). 
 Section 2.02    Form of the
Debentures. The Debentures and the Trustee’s certificate of authentication to be borne by such Debentures shall be substantially in the form set forth in Exhibit A. The terms and provisions contained in the form of Debentures attached
as Exhibit A hereto shall constitute, and are hereby expressly made, a part of this First Supplemental Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this First Supplemental Indenture,
expressly agree to such terms and provisions and to be bound thereby. 
 Any of the Debentures may have such letters, numbers or other marks
of identification and such notations, legends, endorsements or changes as the Officers executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of this First
Supplemental Indenture or the Base Indenture, or as may be required by the Trustee, the Depositary, or as may be required to comply with any applicable law or with any rule or regulation made pursuant thereto or with any rule or regulation of any
securities exchange or automated quotation system on which the Debentures may be listed, or to conform to usage, or to indicate any special limitations or restrictions to which any particular Debentures are subject. 
 Subject to Section 2.05 hereof, so long as the Debentures are eligible for book-entry settlement with the Depositary, or unless otherwise required
by law, or otherwise contemplated by the Base Indenture, all of the Debentures will be represented by one or more Global Debentures. The transfer and exchange of beneficial interests in any such Global Debenture shall be effected through the
Depositary in accordance with this First Supplemental Indenture and the Applicable Procedures. 
 Each Global Debenture shall represent such
aggregate principal amount of outstanding Debentures as shall be specified therein and each shall provide that it shall represent the aggregate principal amount of outstanding Debentures from time to time endorsed thereon and that the aggregate
principal amount of outstanding Debentures represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges, redemptions, purchases or conversions of such Debentures. 
  

 6 

 Section 2.03    Maturity Date; Interest. The Debentures shall be issuable
in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Debenture shall be dated the date of its authentication and shall bear interest from the date specified on the face of the form of
Debentures attached as Exhibit A hereto. Interest on the Debentures shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 
 On the Maturity Date, each Holder shall be entitled to receive on such date $1,000 in cash for each $1,000 principal amount per Debentures, together with accrued and unpaid interest to, but not including, the Maturity
Date. With respect to Global Debentures, principal and interest shall be paid to the Depositary in immediately available funds. With respect to any certificated Debentures, principal and interest will be payable at the Company’s office or
agency maintained for such purpose, which initially shall be the Corporate Trust Office of the Trustee. 
 The Person in whose name any
Debenture is registered on the Register at 5:00 p.m., New York City time, on any Record Date with respect to any Interest Payment Date shall be entitled to receive the interest payable on such Interest Payment Date. Notwithstanding the foregoing:
(a) any Debentures or portion thereof surrendered for conversion during the period from 5:00 p.m., New York City time, on the Record Date for any Interest Payment Date to 5:00 p.m., New York City time, on the Business Day preceding the
applicable Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount
being converted; provided, that no such payment need be made (1) if a Holder converts its Debentures in connection with a redemption and the Company has specified a redemption date that is after a Record Date and on or prior to
the corresponding Interest Payment Date, (2) if a Holder converts its Debentures in connection with a Fundamental Change and the Company has specified a Fundamental Change Repurchase Date that is after a Record Date and on or prior to the
corresponding Interest Payment Date or (3) to the extent of any overdue interest, if any, that exists at the time of conversion with respect to such Debentures and (b) the Company shall pay accrued interest to a Person other than the
Holder on the Record Date on the Maturity Date, at which date the Company shall pay accrued and unpaid interest to the Person whom the principal amount is paid. 
 The Company shall pay interest (i) on any Global Debentures by wire transfer of immediately available funds to the account of the Depositary or its nominee, (ii) on any Debentures in certificated form having
a principal amount of less than $2,000,000, by check mailed to the address of the Person entitled thereto as it appears in the Register, provided, however, that at maturity interest will be payable at the office of the Company maintained by
the Company for such purposes, which shall initially be the Corporate Trust Office of the Trustee and (iii) on any Debentures in certificated form having a principal amount of $2,000,000 or more, by wire transfer in immediately available funds
at the election of the Holder of such Debentures duly delivered to the trustee at least five Business Days prior to the relevant Interest Payment Date or by check if no such election is made, provided, however, that on the Maturity
Date, interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially the Corporate Trust Office of the Trustee. If a payment date is not a Business Day, payment shall be made on the next
succeeding Business Day, and no additional interest shall accrue thereon. 
 Any interest on any Debentures which is payable, but is not
punctually paid or duly provided for, on any Interest Payment Date shall be subject to Section 2.07. 
 Section 2.04    Exchange and Registration on Transfer. In addition to Section 2.7 of the Base Indenture, (a) all Debentures presented or surrendered for repurchase or conversion shall (if so
required by the Company or the Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company, and the Debentures shall be duly executed by the Holder thereof or his attorney
duly authorized in writing and (b) neither the Company nor the Trustee nor any Registrar shall be required to exchange, issue or register transfer of (1) any Debentures or portions thereof surrendered for conversion pursuant to Article 8
of this First Supplemental Indenture, which may not be withdrawn, (2) any Debentures or portions thereof tendered for repurchase (and not withdrawn) pursuant to Section 3.04 of this First Supplemental Indenture or (3) any Debentures
or portions thereof tendered for repurchase (and not withdrawn) pursuant to Section 3.05 of this First Supplemental Indenture. 
  

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 Section 2.05    Global Debentures. 
 (a)      Each Global Debenture authenticated under this First Supplemental Indenture shall be registered in the name of the
Depositary or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefore, and each such Global Debenture shall constitute a single Debenture for purposes of this First Supplemental Indenture. 
 (b)      Notwithstanding any other provisions of this First Supplemental Indenture, the Base Indenture or the Debentures,
no Global Debentures may be exchanged in whole or in part for Debentures registered, and no transfer of a Global Debenture in whole or in part may be registered, in the name of any Person other than the Depositary or a nominee thereof unless
(A) the Depositary (x) has notified the Company that it is unwilling or unable to continue as Depositary for such Global Debenture or (y) has ceased to be a clearing agency registered under the Exchange Act, and a successor depositary
has not been appointed by the Company within 90 calendar days, or (B) the Company, in its sole discretion, notifies the Trustee in writing that it no longer wishes to have all the Debentures represented by Global Debentures. Any Global
Debentures exchanged pursuant to this Section 2.05(b) shall be so exchanged in whole and not in part. 
 (c)      In addition, certificated Debentures will be issued in exchange for beneficial interests in a Global Debenture upon request by or on behalf of the Depositary in accordance with customary procedures
following the request of a beneficial owner seeking to enforce its rights under the Debentures or this Indenture, including its rights following the occurrence of an Event of Default. 
 (d)      Debentures issued in exchange for a Global Debenture or any portion thereof pursuant to clause (b) or
(c) above shall be issued in definitive, fully registered form, without interest coupons, shall have a principal amount equal to that of such Global Debenture or portion thereof to be so exchanged, and shall be registered in such names and be
in such authorized denominations as the Depositary shall designate and shall bear the legend set forth in Exhibit A hereto. Any Global Debenture to be exchanged in whole shall be surrendered by the Depositary to the Trustee or the Registrar. With
regard to any Global Debenture to be exchanged in part, either such Global Debenture shall be so surrendered for exchange or, if the Trustee is acting as custodian for the Depositary or its nominee with respect to such Global Debenture, the
principal amount thereof shall be reduced, by an amount equal to the portion thereof to be so exchanged, by means of an appropriate adjustment made on the records of the Trustee. Upon any such surrender or adjustment, the Trustee shall authenticate
and deliver the Debenture issuable on such exchange to or upon the order of the Depositary or an authorized representative thereof. 
 (e)      Subject to the provisions of Section 2.05(g) below, the registered Holder may grant proxies and otherwise authorize any Person, including Agent Members (as defined below) and Persons that may hold
interests through Agent Members, to take any action which a Holder is entitled to take under this First Supplemental Indenture or the Debentures. 
 (f)      In the event of the occurrence of any of the events specified in Section 2.05(b) above or upon any request described in Section 2.05(c) above, the Company will promptly make available to the
Trustee a reasonable supply of certificated Debentures in definitive, fully registered form, without interest coupons. 
 (g)      Neither any members of, or participants in, the Depositary (collectively, the “Agent Members”) nor any other Persons on whose behalf Agent Members may act shall have any rights under
this First Supplemental Indenture or the Base Indenture with respect to any Global Debenture registered in the name of the Depositary or any nominee thereof, or under any such Global Debenture, and the Depositary or such nominee, as the case may be,
may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and Holder of such Global Debenture for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company or
the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its Agent
Members and any other Person on whose behalf an Agent Member may act, the operation of customary practices of such Persons governing the exercise of the rights of a Holder of any Debenture. 
  

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 (h) At such time as all interests in a Global Debenture have been redeemed, repurchased, converted,
cancelled or exchanged for Debentures in certificated form, such Global Debenture shall, upon receipt thereof, be cancelled by the Trustee in accordance with standing procedures and instructions existing between the Depositary and the custodian for
the Global Debenture, subject to Section 2.12 of the Base Indenture. At any time prior to such cancellation, if any interest in a Global Debenture is redeemed, repurchased, converted, canceled or exchanged for Debentures in certificated form,
the principal amount of such Global Debenture shall, in accordance with the standing procedures and instructions existing between the Depositary and the custodian for the Global Debenture, be appropriately reduced, and an endorsement shall be made
on such Global Debenture, by the Trustee or the custodian for the Global Debenture, at the direction of the Trustee, to reflect such reduction. 
 Section 2.06    Additional Debentures. The Company may, from time to time, subject to compliance with any other applicable provisions of this Indenture, without the consent of the Holders, create and issue
pursuant to this Indenture additional Debentures (“Additional Debentures”), which shall be treated as a single class with the Debentures issued on the Closing Date for all purposes under this Indenture and which shall have terms and
conditions set forth in Exhibit A identical to those of the other outstanding Debentures, except that Additional Debentures: 
 (i) may have a different issue price than other outstanding Debentures; 
 (ii) may have a different Issue Date from
other outstanding Debentures; and 
 (iii) may have a different amount of interest payable on the first Interest Payment Date
after issuance than is payable on other outstanding Debentures; 
 provided, that no Additional Debentures may be issued if such Additional Debentures would
constitute, as determined pursuant to an Opinion of Counsel, a different class of securities than the Debentures issued on the Issue Date for U.S. federal income tax purposes and provided further, that the Additional Debentures have the same CUSIP
number as other outstanding Debentures. No Additional Debentures may be issued if any Event of Default has occurred and is continuing. 
 Section 2.07    Defaulted Interest. Notwithstanding Section 2.13 of the Base Indenture, if the Company defaults in a payment of interest on the Debentures, the Company shall pay the defaulted interest
(plus interest on such defaulted interest at the rate of 1% per annum above the then applicable interest rate from the required payment date to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the Persons
who are Debentureholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly deliver or cause to be delivered
to each Debentureholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid. 
 (a) Registrar, Paying Agent, Conversion Agent and Trustee.In addition to Section 2.4 of the Base Indenture, the Company shall maintain an office or agency where Debentures may be presented for conversion (the “Conversion
Agent”). The Company hereby initially designates the Trustee as the Conversion Agent. The Company further designates the Corporate Trust Office of the Trustee as its office where Debentures may be surrendered for conversion. 
 The Company may at any time and from time to time vary or terminate the appointment of any such office or appoint any additional offices for any or all
purposes; provided, however, that until all of the Debentures have been delivered to the Trustee for cancellation, or moneys sufficient to pay the principal of and premium, if any, and interest on the Debentures have been made
available for payment and either paid or returned to the Company pursuant to the provisions of Section 9.02 hereof, the Company shall maintain an office or agency where Debentures may be surrendered for conversion. The Company shall give prompt
written notice to the Trustee, and notice to the Holders, of the appointment or termination of any such agents and of the location and any change in the location of any such office or agency. 
 The Company may also from time to time designate on or more Conversion Agents and from time to time rescind such designations. The Company shall give
prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of such Conversion Agent. 
  

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 The rights, privileges, protections, immunities and benefits given to the Trustee under the Base
Indenture and this First Supplemental Indenture including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each Conversion Agent or other Agent
acting hereunder. 
 Article 3 
 Redemption and Repurchase of Debentures 
 Notwithstanding Article 3 of the Base Indenture, the following Article 3
(and not Article 3 of the Base Indenture) shall apply for purposes of this First Supplemental Indenture and the Debentures. 
 Section 3.01    Optional Redemption of Debentures. At any time on or after February 15, 2012, the Debentures may be redeemed at the option of the Company, in whole or in part, upon notice as set forth in
Section 3.02, in cash at the redemption price equal to 100% of the principal amount thereof. In addition, the Company will pay interest on the Debentures being redeemed, which interest will include such interest accrued and unpaid to, but
excluding, the redemption date; provided, that if the redemption date is after a Record Date and on or prior to the corresponding Interest Payment Date, the interest will be paid on the redemption date to the Holder of record on the Record
Date. The Company may not redeem any Debentures if a Default in the payment of interest on the Debentures has occurred and is continuing. 
 Section 3.02    Notice of Optional Redemption; Selection of Debentures to Be Redeemed. In case the Company shall desire to exercise the right to redeem all or, as the case may be, any part of the Debentures
pursuant to Section 3.01, it shall fix a date for redemption and it or, at its written request received by the Trustee not fewer than five Business Days (or such shorter period of time as may be acceptable to the Trustee) prior to the date the
notice of redemption is to be delivered, the Trustee in the name of and at the expense of the Company, shall deliver or cause to be delivered a notice of such redemption not fewer than 30 calendar days nor more than 60 calendar days prior to the
redemption date to each Holder of Debentures so to be redeemed in whole or in part at its last address as the same appears on the Register; provided, that if the Company makes such request of the Trustee, it shall, together with such request,
also give written notice of the redemption date to the Trustee, provided that the text of the notice shall be prepared by the Company. Such delivery shall be by electronic transmission or by first class mail. The notice, if delivered in the manner
herein provided, shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. In any case, failure to give such notice or any defect in the notice to the Holder of any Debentures designated for redemption
as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Debentures. Concurrently with the delivery of any such notice of redemption, the Company shall issue a press release announcing such redemption,
the form and content of which press release shall be determined by the Company in its sole discretion. The failure to issue any such press release or any defect therein shall not affect the validity of the redemption notice or any of the proceedings
for the redemption of any Debentures called for redemption. 
 Each such notice of redemption shall specify: (i) the aggregate principal
amount of Debentures to be redeemed, (ii) the CUSIP number or numbers of the Debentures being redeemed, (iii) the date fixed for redemption (which shall be a Business Day), (iv) the redemption price at which Debentures are to be
redeemed, (v) the place or places of payment and that payment will be made upon presentation and surrender of such Debentures, (vi) that interest accrued and unpaid to, but excluding, the date fixed for redemption will be paid as specified
in said notice, and that on and after said date interest thereon or on the portion thereof to be redeemed will cease to accrue, (vii) that the Holder has a right to convert the Debentures called for redemption, (viii) the Conversion Rate
on the date of such notice, (ix) the time and date on which the right to convert such Debentures or portions thereof will expire and (x) that the Company will pay cash for fractional interests in shares of Class A Common Stock
issuable upon conversion, if any, as provided in this First Supplemental Indenture. If fewer than all the Debentures are to be redeemed, the notice of redemption shall identify the Debentures to be redeemed (including CUSIP numbers, if any). In case
any Debentures are to be redeemed in part only, the notice of redemption shall state the portion of the principal amount thereof to be redeemed and shall state that, on and after the redemption date, upon surrender of such Debentures, a new
Debenture or Debentures in principal amount equal to the unredeemed portion thereof will be issued. 
  

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 Whenever any Debentures are to be redeemed, the Company will give the Trustee written notice of the
redemption date, together with an Officers’ Certificate as to the aggregate principal amount of Debentures to be redeemed not fewer than 35 calendar days (or such shorter period of time as may be acceptable to the Trustee) prior to the
redemption date. 
 On or prior to the redemption date specified in the notice of redemption given as provided in this Section 3.02, the
Company will deposit with the Paying Agent (or, if the Company is acting as its own Paying Agent, set aside, segregate and hold in trust as provided in Section 2.5 of the Base Indenture) an amount of money in immediately available funds
sufficient to redeem on the redemption date all the Debentures (or portions thereof) so called for redemption (other than those theretofore surrendered for conversion into cash and, if applicable, Class A Common Stock) at the appropriate
redemption price, together with accrued and unpaid interest to, but excluding, the redemption date; provided that if such payment is made on the redemption date, it must be received by the Paying Agent, by 10:00 a.m., New York City time, on such
date. If any Debentures called for redemption are converted pursuant hereto prior to such redemption date, any money deposited with the Paying Agent or so segregated and held in trust for the redemption of such Debentures shall be paid to the
Company or, if then held by the Company, shall be discharged from such trust. 
 If less than all of the outstanding Debentures are to be
redeemed, the Trustee shall select the Debentures or portions thereof of the Global Debentures or the Debentures in certificated form to be redeemed (in principal amounts of $1,000 or multiples thereof) by lot, on a pro rata basis or by another
method the Trustee deems fair and appropriate. If any Debentures selected for redemption are submitted for conversion in part after such selection, the portion of such Debentures submitted for conversion shall be deemed (so far as may be possible)
to be the portion to be selected for redemption. The Debentures (or portions thereof) so selected for redemption shall be deemed duly selected for redemption for all purposes hereof, notwithstanding that any such Debentures are submitted for
conversion in part before the delivery of the notice of redemption. 
 Upon any redemption of less than all of the outstanding Debentures,
the Company and the Trustee may (but need not), solely for purposes of determining the pro rata allocation among such Debentures that are unconverted and outstanding at the time of redemption, treat as outstanding any Debentures surrendered for
conversion during the period of fifteen calendar days preceding the delivery of a notice of redemption and may (but need not) treat as outstanding any Debentures authenticated and delivered during such period in exchange for the unconverted portion
of any Debentures converted in part during such period. 
 Section 3.03    Payment of Debentures Called for
Redemption. If notice of redemption has been given as provided in Section 3.02, the Debentures or portion of Debentures with respect to which such notice has been given shall, unless converted pursuant to the terms hereof, become due and
payable on the date fixed for redemption and at the place or places stated in such notice at the redemption price, plus interest accrued and unpaid to, but excluding, the redemption date (unless the redemption date is after a Record Date and on or
prior to the corresponding Interest Payment Date, in which event the interest will be paid on the Interest Payment Date to the Holder of record on the Record Date), and, unless the Company shall default in the payment of such Debentures at the
redemption price, plus interest, if any, accrued and unpaid to, but excluding, such date, interest on the Debentures or portion of Debentures so called for redemption, interest shall cease to accrue on and after such date and, after 5:00 p.m., New
York City time, on the Business Day immediately preceding the redemption date (unless the Company shall default in the payment of such Debentures at the redemption price, together with interest accrued to such date) and such Debentures shall cease
to be convertible and, except as provided in Section 2.5 of the Base Indenture and Section 9.02 hereof, to be entitled to any benefit or security under this Indenture, and the holders thereof shall have no right in respect of such
Debentures except the right to receive the redemption price thereof plus accrued and unpaid interest to, but excluding, the redemption date. On presentation and surrender of such Debentures at a place of payment in said notice specified, the said
Debentures or the specified portions thereof shall be paid and redeemed by the Company at the redemption price, together with interest accrued and unpaid thereon to, but excluding, the redemption date; provided that if the applicable redemption date
is after the applicable Record Date and on or before an Interest Payment Date, the interest payable on such Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of such Debentures on the applicable Record Date
instead of the holders surrendering such Debentures for redemption on such date. 
  

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 Upon presentation of any Debentures redeemed in part only, the Company shall execute and the Trustee
shall authenticate and make available for delivery to the Holder thereof, at the expense of the Company, a new Debenture or Debentures, of authorized denominations, in principal amount equal to the unredeemed portion of the Debentures so presented.

 Notwithstanding the foregoing, the Trustee shall not redeem any Debentures or deliver any notice of redemption during the continuance of a
Default in payment of interest on the Debentures. If any Debentures called for redemption shall not be so paid upon surrender thereof for redemption on the redemption date as provided in this Section 3.03, to the extent legally permissible, the
redemption price shall, until paid or duly provided for, bear interest from and including the redemption date at a rate equal to 1% per annum above the rate borne by the Debentures and such Debentures shall remain convertible into cash and, if
applicable, Class A Common Stock until the redemption price and interest shall have been paid or duly provided for. 
 Section 3.04    Repurchase at Option of Holders Upon a Fundamental Change 
 (a) If there shall
occur a Fundamental Change at any time prior to the Maturity Date of the Debentures, then each Holder shall have the right, at such Holder’s option, to require the Company to repurchase all of such Holder’s Debentures, or any portion
thereof that is a multiple of $1,000 principal amount, on a date (the “Fundamental Change Repurchase Date”) specified by the Company, that is not less than 20 calendar days nor more than 35 calendar days after the date of the
Company Repurchase Notice related to such Fundamental Change at a cash repurchase price equal to 100% of the principal amount of the Debentures being repurchased, plus accrued and unpaid interest to, but excluding, the Fundamental Change Repurchase
Date, subject to the satisfaction by the Holder of the requirements set forth in Section 3.04(c); provided, that if such Fundamental Change Repurchase Date falls after a Record Date and on or prior to the corresponding Interest Payment
Date, then the interest payable on such Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of the Debentures on the applicable Record Date instead of the holders surrendering the Debentures for repurchase on
such date. 
 (b) On or before the fifth calendar day after the occurrence of a Fundamental Change, the Company shall deliver or cause to be
delivered to all holders of record of the Debentures on the date of the Fundamental Change at their addresses shown in the Register a Company Repurchase Notice as set forth in Section 3.06 with respect to such Fundamental Change. The Company
shall also deliver a copy of the Company Repurchase Notice to the Trustee and the Paying Agent at such time as it is delivered to holders of Debentures. Concurrently with the delivery of such Company Repurchase Notice, the Company shall issue a
press release announcing such Fundamental Change referred to in the Company Repurchase Notice, the form and content of which press release shall be determined by the Company in its sole discretion. 
 No failure of the Company to give the foregoing notices and press release and no defect therein shall limit the repurchase rights of holders of
Debentures or affect the validity of the proceedings for the repurchase of the Debentures pursuant to this Section 3.04. 
 (c) For
Debentures to be repurchased at the option of the Holder, the Holder must deliver to the Paying Agent, prior to 5:00 p.m., New York City time, on the Fundamental Change Repurchase Date, (i) a written notice of repurchase (the
“Repurchase Notice”) in the form set forth on the reverse of the Debentures duly completed (if the Debentures are certificated) or stating the following (if the Debentures are represented by a Global Debenture): (A) the
certificate number of the Debentures which the Holder will deliver to be repurchased or compliance with the appropriate Depositary procedures, (B) the portion of the principal amount of the Debentures which the Holder will deliver to be
repurchased, which portion must be in principal amounts of $1,000 or an integral multiple of $1,000 and (C) that such Debentures shall be repurchased by the Company pursuant to the terms and conditions specified in the Debentures and in this
Indenture, together with (ii) such Debentures duly endorsed for transfer (if the Debentures are certificated) or book-entry transfer of such Debentures (if such Debentures are represented by a Global Debenture). The delivery of such Debentures
to the Paying Agent with, or at any time after delivery of, the Repurchase Notice (together with all necessary endorsements) at the office of the Paying Agent shall be a condition to the receipt by the Holder of the repurchase price therefor;
provided, however, that such repurchase price shall be so paid pursuant to this Section 3.04 only if the Debentures so delivered to the Paying Agent shall conform in all respects to the description thereof in the Repurchase Notice.
All questions as to the validity, eligibility (including time of receipt) and acceptance of any Debentures for repurchase shall be determined by the Company, whose determination shall be final and binding absent manifest error. 
  

 12 

 (d) The Company shall repurchase from the Holder thereof, pursuant to this Section 3.04, a portion
of a Debenture, if the principal amount of such portion is $1,000 or a whole multiple of $1,000. Provisions of this Indenture that apply to the repurchase of all of a Debenture also apply to the repurchase of such portion of such Debenture.

 (e) The Paying Agent shall promptly notify the Company of the receipt by it of any Repurchase Notice or written notice of withdrawal
thereof. 
 Any repurchase by the Company contemplated pursuant to the provisions of this Section 3.04 shall be consummated by the
delivery of the consideration to be received by the Holder promptly following the later of the Fundamental Change Repurchase Date and the time of the book-entry transfer or delivery of the Debentures. 
 Section 3.05    Repurchase of Debentures by the Company at the Option of Holders. 
 (a) Each Holder shall have the right, at such Holder’s option, to require the Company to repurchase all of such Holder’s Debentures, or any
portion thereof that is a multiple of $1,000 principal amount, on February 15, 2012, February 15, 2017 and February 15, 2022 (each, a “Repurchase Date”), at a repurchase price of 100% of the principal amount of
the Debentures being repurchased, plus accrued and unpaid interest to, but excluding, the Repurchase Date, provided that if such Repurchase Date falls after a Record Date and on or prior to the corresponding Interest Payment Date, then the
interest payable on such Interest Payment Date shall be paid on such Interest Payment Date to the holders of record of the Debentures on the applicable Record Date instead of the holders surrendering the Debentures for repurchase on such date.

 (b) On or before the twentieth Business Day prior to each Repurchase Date, the Company shall deliver or cause to be delivered to all
holders of record on such date at their addresses shown in the Register a Company Repurchase Notice as set forth in Section 3.06. The Company shall also deliver a copy of the Company Repurchase Notice to the Trustee and the Paying Agent at such
time as it is delivered to holders of Debentures. 
 No failure of the Company to give the foregoing notices and no defect therein shall
limit the repurchase rights of holders of Debentures or affect the validity of the proceedings for the repurchase of the Debentures pursuant to this Section 3.05. 
 (c) For Debentures to be so repurchased at the option of the Holder, the Holder must deliver to the Paying Agent, at any time during the period beginning at 9:00 a.m., New York City time, on the date that is 20
Business Days prior to the applicable Repurchase Date and ending at 5:00 p.m., New York City time, on the applicable Repurchase Date, (i) a Repurchase Notice in the form set forth on the reverse of the Debentures duly completed (if the
Debentures are certificated) or stating the following (if the Debentures are represented by a Global Debenture): (A) the certificate number of the Debentures which the Holder will deliver to be repurchased or compliance with the appropriate
Depositary procedures, (B) the portion of the principal amount of the Debentures which the Holder will deliver to be repurchased, which portion must be in principal amounts of $1,000 or an integral multiple of $1,000, and (C) that such
Debentures shall be repurchased by the Company pursuant to the terms and conditions specified in the Debentures and in this Indenture, together with (ii) such Debentures duly endorsed for transfer (if the Debentures are certificated) or
book-entry transfer of such Debentures (if such Debentures are represented by a Global Debenture). The delivery of such Debentures to the Paying Agent with, or at any time after delivery of, the Repurchase Notice (together with all necessary
endorsements) at the office of the Paying Agent shall be a condition to the receipt by the Holder of the repurchase price therefor; provided, however, that such repurchase price shall be so paid pursuant to this Section 3.05 only
if the Debentures so delivered to the Paying Agent shall conform in all respects to the description thereof in the Repurchase Notice. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Debentures for
repurchase shall be determined by the Company, whose determination shall be final and binding absent manifest error. 
  

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 (d) The Company shall repurchase from the Holder thereof, pursuant to this Section 3.05, a portion
of a Debenture, if the principal amount of such portion is $1,000 or a whole multiple of $1,000. Provisions of this First Supplemental Indenture that apply to the repurchase of all of a Debenture also apply to the repurchase of such portion of such
Debentures. 
 (e) The Paying Agent shall promptly notify the Company of the receipt by it of any Repurchase Notice or written notice of
withdrawal thereof. 
 Any repurchase by the Company contemplated pursuant to the provisions of this Section 3.05 shall be consummated
by the delivery of the consideration to be received by the Holder promptly following the later of the Repurchase Date and the time of the book-entry transfer or delivery of the Debentures. 
 Section 3.06    Company Repurchase Notice. In connection with any repurchase of Debentures, the Company shall, in the
case of a Fundamental Change, on or before the fifth calendar day after the occurence of such Fundamental Change, or no less than 20 Business Days prior to each Repurchase Date, give notice to holders (with a copy to the Trustee) setting forth
information specified in this Section 3.06 (in either case, the “Company Repurchase Notice”). 
 Each Company
Repurchase Notice shall: 
 (1) state the repurchase price and the Fundamental Change Repurchase Date or the Repurchase Date
to which the Company Repurchase Notice relates; 
 (2) state, if applicable, the circumstances constituting the Fundamental
Change; 
 (3) state that the repurchase price will be paid in cash; 
 (4) state that holders must exercise their right to elect repurchase prior to 5:00 p.m., New York City time, on the Fundamental Change
Repurchase Date or Repurchase Date, as the case may be; 
 (5) include a form of Repurchase Notice; 
 (6) state the name and address of the Paying Agent; 
 (7) state that Debentures must be surrendered to the Paying Agent to collect the repurchase price; 
 (8) state that a Holder may withdraw its Repurchase Notice at any time prior to 5:00 p.m., New York City time, on the Business Day
immediately preceding the Fundamental Change Repurchase Date or on the Repurchase Date, as the case may be, by delivering a valid written notice of withdrawal in accordance with Section 3.07; 
 (9) state whether the Debentures are then convertible, the then applicable Conversion Rate, including, in the case of the occurrence of a
Fundamental Change, expected changes in the Conversion Rate resulting from such Fundamental Change transaction and expected changes in the cash, shares or other property deliverable upon conversion of the Debentures as a result of the occurrence of
the Fundamental Change; 
 (10) that Debentures as to which a Repurchase Notice has been given may be converted only if the
Repurchase Notice is withdrawn in accordance with the terms of this First Supplemental Indenture; 
  

 14 

 (11) state the amount of interest accrued and unpaid per $1,000 principal amount of
Debentures to, but excluding, the Fundamental Change Repurchase Date or the Repurchase Date, as the case may be; and 
 (12)
state the CUSIP number of the Debentures. 
 A Company Repurchase Notice may be given by the Company or, at the Company’s request, the Trustee shall
give such Company Repurchase Notice in the Company’s name and at the Company’s expense; provided, that the text of the Company Repurchase Notice shall be prepared by the Company. 
 The Company will, to the extent applicable, comply with the provisions of Rule 13e-4 and Rule 14e-1 (or any successor provision) under the Exchange Act
that may be applicable at the time of the repurchase of the Debentures, file the related Schedule TO (or any successor schedule, form or report) under the Exchange Act and comply with all other federal and state securities laws in connection with
the repurchase of the Debentures. 
 Section 3.07    Effect of Repurchase Notice; Withdrawal. Upon receipt by
the Paying Agent of the Repurchase Notice specified in Section 3.04 or Section 3.05, the Holder of the Debentures in respect of which such Repurchase Notice was given shall (unless such Repurchase Notice is validly withdrawn in accordance
with the following paragraph) thereafter be entitled to receive solely the repurchase price with respect to such Debentures. Such repurchase price shall be paid to such Holder, subject to receipt of funds and/or the Debentures by the Paying Agent,
promptly following the later of (x) the Fundamental Change Repurchase Date or the Repurchase Date with respect to such Debentures (provided the Holder has satisfied the conditions in Section 3.04 or Section 3.05) and (y) the time
of book-entry transfer or delivery of such Debentures to the Paying Agent by the Holder thereof in the manner required by Section 3.04 or Section 3.05. The Debentures in respect of which a Repurchase Notice has been given by the Holder
thereof may not be converted pursuant to Article 8 hereof on or after the date of the delivery of such Repurchase Notice unless such Repurchase Notice has first been validly withdrawn. 
 A Repurchase Notice may be withdrawn by means of a written notice of withdrawal delivered to the office of the Paying Agent in accordance with the
Repurchase Notice at any time prior to 5:00 p.m., New York City time, on the Business Day immediately preceding the Fundamental Change Repurchase Date or on the Repurchase Date, as the case may be, specifying: 
 (a) the certificate number, if any, of the Debentures in respect of which such notice of withdrawal is being submitted, or the appropriate Depositary
information, in accordance with appropriate Depositary procedures, if the Debentures in respect of which such notice of withdrawal is being submitted is represented by a Global Debenture, 
 (b) the principal amount of the Debentures with respect to which such notice of withdrawal is being submitted, and 
 (c) the principal amount, if any, of such Debentures which remains subject to the original Repurchase Notice and which has been or will be delivered for
repurchase by the Company. 
 If a Repurchase Notice is properly withdrawn, the Company shall not be obligated to repurchase the Debentures
listed in such Repurchase Notice. 
 Section 3.08    Deposit of Repurchase Price. Prior to 10:00 a.m., New
York City Time, on the Business Day immediately following the Fundamental Change Repurchase Date or the Repurchase Date, the Company shall deposit with the Paying Agent or, if the Company is acting as the Paying Agent, shall segregate and hold in
trust as provided in Section 2.5 of the Base Indenture, an amount of cash (in immediately available funds if deposited on the Fundamental Change Repurchase Date or the Repurchase Date, as the case may be), sufficient to pay the aggregate
repurchase price of all the Debentures or portions thereof that are to be repurchased as of the Fundamental Change Repurchase Date or the Repurchase Date, as the case may be. 
  

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 If on the Business Day immediately following the Fundamental Change Repurchase Date or the Repurchase
Date the Paying Agent holds cash sufficient to pay the repurchase price of the Debentures that holders have elected to require the Company to repurchase in accordance with Section 3.04 or 3.05, as the case may be, then, on the Fundamental
Change Repurchase Date or the Repurchase Date, as the case may be, such Debentures will cease to be outstanding, interest will cease to accrue and all other rights of the holders of such Debentures will terminate, other than the right to receive the
repurchase price upon delivery or book-entry transfer of the Debentures. This will be the case whether or not book-entry transfer of the Debentures has been made or the Debentures has been delivered to the Paying Agent. 
 Section 3.09    Debentures Repurchased in Part. Upon presentation of any Debentures repurchased only in part, the Company
shall execute and the Trustee shall authenticate and make available for delivery to the Holder thereof, at the expense of the Company, a new Debentures or Debentures, of any authorized denomination, in aggregate principal amount equal to the
unrepurchased portion of the Debentures presented. 
 Section 3.10    Purchase of Debentures in the Open
Market. The Company may purchase Debentures in the open market, by tender at any price or pursuant to private agreements. 
 Section 3.11    Cancellation of Debentures Redeemed or Repurchased. The Company may, at its option, surrender any Debenture redeemed or repurchased pursuant to this Article 3 to the Trustee for cancellation;
provided, however, such Debentures may not be reissued or resold by the Company. Any Debentures surrendered to the Trustee for cancellation may not be reissued or resold by the Company and will be canceled promptly in accordance with
Section 2.12 of the Base Indenture. 
 Section 3.12    Sinking Funds. No sinking fund is provided for
the Debentures. 
 Article 4 
 Covenants 
 In addition to the covenants set forth in Article 4 of the Base Indenture (except for the covenants set
forth in Sections 4.1, 4.3 and 4.6 of the Base Indenture, which will not apply with respect to the Debentures authorized and designated under this First Supplemental Indenture), the following covenants shall apply with respect to the Debentures
authorized and designated under this First Supplemental Indenture. 
 Section 4.01    Payment of Debentures.
The Company shall promptly pay the principal of and interest on the Debentures on the dates and in the manner provided in the Debentures and in this First Supplemental Indenture. Principal and interest shall be considered paid on the date due if on
such date the Trustee or the Paying Agent holds in accordance with this First Supplemental Indenture money sufficient to pay all principal and interest then due and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying
such money to the Debentureholders on that date pursuant to the terms of this First Supplemental Indenture. 
 The Company shall pay interest
on overdue principal at the rate specified therefor in the Debentures, and it shall pay interest on overdue installments of interest at the same rate to the extent lawful. 
 Section 4.02    Maintenance of Office or Agency. The Company shall maintain an office or agency, where the Debentures may
be surrendered for registration of transfer or exchange or for presentation for payment or for conversion, redemption or repurchase. As of the date of this First Supplemental Indenture, such office is located at the office of the Trustee located at
Wells Fargo Bank, National Association, Corporate Trust Services, MAC N9303-121, 608 Second Avenue South, Minneapolis, MN 55479, Attention: Corporate Trust Operations and, at any other time, at such other address as the Trustee may designate from
time to time by notice to the Company. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency not designated or appointed by the Trustee. 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 and surrenders may be made at the Corporate Trust Office. 
  

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 The Company may also from time to time designate co-registrars and one or more offices or agencies where
the Debentures may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. 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. 
 In addition, the Company shall maintain an office or
agency in the Borough of Manhattan, The City of New York, where notices and demands to or upon the Company in respect of the Debentures and the Indenture may be served. As of the date of this First Supplemental Indenture, such office is located at
the agency for service of process of the Trustee located at Wells Fargo Bank, N.A., Corporate Trust Services, MAC N2666-140, 45 Broadway, 14th Floor, New York, New York 10006 and, at any other time, at such other address as the Trustee may designate from time to time by notice to the Company. The Company shall give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency not designated or appointed by the Trustee. 
 Section 4.03    Compliance Certificate. The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company an Officers’ Certificate stating that a review of the
Company’s activities during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under the Indenture and
further stating, as to each such Officer signing such certificate, whether to the best of such Officer’s knowledge the Company during such preceding fiscal year has kept, observed, performed and fulfilled each and every such covenant contained
in the Indenture and that in the course of the performance by the signers of their duties as Officers of the Company they would normally have knowledge of any Default and whether or not the signers know of any Default that occurred during such
period. If they do know of any Default, the certificate shall describe the Default, its status and what action the Company is taking or proposes to take with respect thereto. The Company also shall comply with Section 314(a)(4) of the TIA.

 Section 4.04    Payment of Taxes and Other Claims. The Company shall pay or discharge, or cause to be paid
or discharged, before the same may become delinquent, (i) all taxes, assessments and governmental charges levied or imposed upon the Company or any Significant Subsidiary or upon the income, profits or property of the Company or any Significant
Subsidiary, (ii) all claims for labor, materials and supplies which, if unpaid, might by law become a lien or charge upon the property of the Company or any Significant Subsidiary and (iii) all stamp taxes and other duties, if any, which
may be imposed by the United States or any political subdivision thereof or therein in connection with the issuance, transfer, exchange, conversion, redemption or repurchase of any Debentures or with respect to this Indenture; provided, that,
in the case of clauses (i) and (ii), the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim (A) if the failure to do so will not, in the aggregate, have a material
adverse impact on the Company, or (B) if the amount, applicability or validity is being contested in good faith by appropriate proceedings. 
 Section 4.05    Further Instruments and Acts. The Company shall execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the
purpose of the Indenture. 
 Article 5 
 Successors 
 Notwithstanding Article 5 of the Base Indenture, the following Article 5 (and not
Article 5 of the Base Indenture) shall apply for purposes of this First Supplemental Indenture and the Debentures. 
 Section 5.01    When Company May Merge, Etc.. The Company shall not, in a single transaction or a series of related transactions, consolidate with or merge into any other person or sell, convey, transfer or
lease its property and assets substantially as an entirety to another Person unless: 
 (a) either (i) the Company is the continuing
corporation, or (ii) the directly resulting, surviving or transferee person (if other than the Company) is a corporation or limited liability company organized and existing under the laws of the United States of America, any state thereof or
the District of Columbia and such person assumes, by a supplemental indenture in a form reasonably satisfactory to the Trustee, all of the Company’s obligations under the Debentures and the Indenture; 
  

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 (b) immediately after giving effect to the transaction described above, no Default or Event of Default,
has occurred and is continuing; 
 (c) if as a result of such transaction the Debentures become convertible into common stock or other
securities issued by a third party, such third party fully and unconditionally assumes or guarantees all obligations of the Company or such surviving Person under the Debentures and the Indenture; and 
 (d) the Company has, at or prior to the effective date of such consolidation, merger or transfer, delivered to the Trustee the Officers’ Certificate
and Opinion of Counsel pursuant to Section 5.03. 
 Section 5.02    Successor Substituted. In case of
any such consolidation, merger, sale, conveyance, transfer or lease in which the Company is not the continuing corporation and upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and
reasonably satisfactory in form and substance to the Trustee, of the due and punctual payment of the principal of, and premium, if any, and interest on all of the Debentures, and the due and punctual performance and observance of all of the
covenants and conditions of the Indenture to be performed or satisfied by the Company, such successor Person shall succeed to and be substituted for the Company, with the same effect as if it had been named herein as the party of this first part,
and SunPower Corporation shall be discharged from its obligations under the Debentures and the Indenture. Such successor Person thereupon may cause to be signed, and may issue either in its own name or in the name of SunPower Corporation any or all
of the Debentures, issuable hereunder that theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such successor Person instead of the Company and subject to all the terms, conditions and
limitations in the Indenture prescribed, the Trustee shall authenticate and shall deliver, or cause to be authenticated and delivered, any Debentures that previously shall have been signed and delivered by the officers of the Company to the Trustee
for authentication, and any Debentures that such successor Person thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the Debentures so issued shall in all respects have the same legal rank and benefit under the
Indenture as the Debentures theretofore or thereafter issued in accordance with the terms of the Indenture as though all of such Debentures had been issued at the date of the execution hereof. In the event of any such consolidation, merger, sale,
conveyance, transfer or lease, upon compliance with this Article 5 the Person named as the “Company” in the first paragraph of the Indenture or any successor that shall thereafter have become such in the manner prescribed in this Article 5
may be dissolved, wound up and liquidated at any time thereafter and such Person shall be discharged from its liabilities as obligor and maker of the Debentures and from its obligations under the Indenture. 
 Section 5.03    Opinion of Counsel to be Given Trustee. Prior to execution of any supplemental indenture pursuant to this
Article 5, the Trustee shall receive an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale, conveyance, transfer or lease and any such assumption complies with the provisions of this
Article 5. 
 Article 6 
 Default and Remedies 
 Section 6.01    Events of Default. 
 Notwithstanding Section 6.1 of the Base Indenture, the following Section 6.01 (and Section 6.1 of the Base Indenture shall not apply)
shall apply for purposes of this First Supplemental Indenture and the Debentures. 
 An “Event of Default” shall occur when
any of the following occurs (whatever the reason for such Event of Default and whether it shall be occasioned by the provisions of Article 5 hereof or be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree
or order of any court or any order, rule or regulation of any administrative or governmental body): 
  

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 (a)      the Company shall fail to pay any interest on the Debentures when
due and such failure continues for a period of 30 calendar days; or 
 (b)      the Company shall fail to pay
the principal of the Debentures when due at maturity, or the Company shall fail to pay the redemption price, Repurchase Price or Fundamental Change Repurchase Price, or any make-whole premium payable, in respect of any Debentures when due; or

 (c)      the Company shall fail deliver cash and, if applicable, shares of Class A Common Stock
(including any Additional Shares payable as a result of a make-whole premium), upon the conversion of any Debentures and such failure continues for five calendar days following the scheduled settlement date for such conversion; or 
 (d)      the Company shall fail to provide the notice required in Section 3.04(b) of an anticipated effective date or
actual effective date of a Fundamental Change for a period of five Business Days after such notice was required to be delivered; or 
 (e)      the Company fails to perform or observe any other term, covenant or agreement contained in the Debentures, this First Supplemental Indenture or the Base Indenture and the failure continues for a period
of 60 calendar days after written notice of such failure, requiring the Company to remedy the same, shall have been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of
the then-outstanding Debentures; or 
 (f)      the Company fails to pay when due (whether at stated maturity
or otherwise) or a default that results in the acceleration of maturity, of any Debt for borrowed money in excess of $25,000,000 of the Company or any Significant Subsidiary of the Company, unless such Debt is discharged or such acceleration is
rescinded, stayed or annulled, within a period of 30 calendar days after written notice of such failure or default to the Company by the Trustee or to the Company and the Trustee by Holders of at least 25% in aggregate principal amount of the
then-outstanding Debentures; or 
 (g)      the Company or any Significant Subsidiary pursuant to or within the
meaning of any Bankruptcy Law: 
 (1)      commences a voluntary case; 
 (2)       consents to the entry of an order for relief against it in an involuntary case; 
 (3)      consents to the appointment of a Custodian of it or for any substantial part of its property;

 (4)      makes a general assignment for the benefit of its creditors; or 
 (5)      takes any comparable action under any foreign laws relating to insolvency; or 
 (h)      a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (1)      is for relief against the Company or any Significant Subsidiary in an involuntary case;

 (2)      appoints a Custodian of the Company or any Significant Subsidiary or for any
substantial part of its property; or 
 (3)      orders the winding up or liquidation of the
Company or any Significant Subsidiary; 
  

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 or any similar relief is granted under any foreign laws and, in each case, the order or decree remains unstayed and in
effect for 60 days. 
 The term “Bankruptcy Law” means Title 11 of the United States Code (or any successor thereto) or any
similar federal or state law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 
 Section 6.02      Acceleration of Maturity; Rescission and Annulment.  Notwithstanding
Section 6.2 of the Base Indenture, this Section 6.02 (and not Section 6.2 of the Base Indenture) shall apply for purposes of this First Supplemental Indenture and the Debentures. 
 If an Event of Default with respect to outstanding Debentures (other than an Event of Default specified in Section 6.01(g) or 6.01(h) hereof) occurs
and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the then-outstanding Debentures, by written notice to the Company and the Trustee, may declare due and payable 100% of the principal amount of all
outstanding Debentures plus any accrued and unpaid interest to the date of payment. Upon a declaration of acceleration, such principal and accrued and unpaid interest to the date of payment shall be immediately due and payable. 
 If an Event of Default specified in Section 6.01(g) or 6.01(h) hereof occurs, all unpaid principal of and accrued and unpaid interest on the
outstanding Debentures shall become and be immediately due and payable, without any declaration or other act on the part of the Trustee or any Holder. 
 The Holders of a majority in aggregate principal amount of the outstanding Debentures by written notice to the Trustee may rescind and annul an acceleration and its consequences if: 
 (1)      the Company has paid (or deposited with the Trustee a sum sufficient to pay) (i) all overdue
interest on all Debentures; (ii) the principal amount of any Debentures that has become due otherwise than by such declaration of acceleration; (iii) to the extent that payment of such interest is lawful, interest upon overdue interest;
and (iv) all sums paid or advanced by the Trustee under the Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; and 
 (2)      all Events of Default, other than the nonpayment of principal of or interest on the Debentures
which has become due solely because of the acceleration, have been remedied, cured or waived, 
 provided, however, that in the event such declaration
of acceleration has been made based on the existence of an Event of Default under Section 6.01(f) hereof and such Event of Default has been remedied, cured or waived in accordance with Section 6.01(f) hereof, then, without any further
action by the Holders, such declaration of acceleration shall be rescinded automatically and the consequences of such declaration shall be annulled. No such rescission or annulment shall affect any subsequent Default or impair any right consequent
thereon. 
 Section 6.03      Waiver of Past Defaults. Notwithstanding Section 6.13 of the
Base Indenture, this Section 6.03 (and not 6.13 of the Base Indenture) shall apply for purposes of this First Supplemental Indenture and the Debentures. The Holders, either (a) through the written consent of not less than a majority in
aggregate principal amount of the outstanding Debentures or (b) by the adoption of a resolution, at a meeting of Holders of the outstanding Debentures at which a quorum is present, by the Holders of at least a majority in aggregate principal
amount of the outstanding Debentures, may, on behalf of the Holders of all of the Debentures, waive an existing Default or Event of Default, except a Default or Event of Default: 
 (1)      in the payment of the principal of or interest on any Debenture; 
 (2)      in respect of the right to convert any Debenture in accordance with Article 8; 
 (3)      in the payment of the redemption price on the redemption date, or the Repurchase Price on the
Repurchase Date or the Fundamental Change Repurchase Price on the Fundamental Repurchase Date in connection with the repurchase rights under Sections 3.04 and 3.05 hereof; or 
  

 20 

 (4)      in respect of a covenant or provision hereof
which, under Section 7.02 hereof, cannot be modified or amended without the consent of the Holder of each outstanding Debenture affected. 
 Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of the Indenture; provided, however, that no such waiver shall extend to
any subsequent or other Default or impair any right consequent thereon. 
 Section 6.04      Limitation
on Suits. Notwithstanding Section 6.7 of the Base Indenture, this Section 6.04 (and not Section 6.7 of the Base Indenture) shall apply for purposes of this First Supplemental Indenture and the Debentures. 
 Except to enforce the right to receive payment of principal or interest when due, no Holder may pursue any remedy with respect to the Indenture or the
Debentures unless: 
 (a)      the Holder gives to the Trustee written notice stating that an Event of Default
is continuing; 
 (b)      the Holders of at least 25% in principal amount of the Debentures make a written
request to the Trustee to pursue the remedy; 
 (c)      such Holder or Holders offer to the Trustee reasonable
security or indemnity against any loss, liability or expense; 
 (d)      the Trustee does not comply with the
request within 60 days after receipt of the request and the offer of indemnity; and 
 (e)      the Holders of
a majority in principal amount of the Debentures do not give the Trustee a direction inconsistent with the request during such 60-day period. 
 A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. 
 Section 6.05      Unconditional Rights of Holders to Receive Payment and to Convert. In addition to the other rights and remedies set forth in this Article 6 and in Article 6 of the Base Indenture
(to the extent applicable to the Debentures), notwithstanding any other provision in this First Supplemental Indenture, the Holder of any Debenture shall have the right, which is absolute and unconditional and shall not be impaired or affected
without the consent of such Holder, to receive payment of the principal amount, redemption price, Repurchase Price, Fundamental Change Repurchase Price, interest or make-whole premium, if any, in respect of the Debentures held by such Holder, on or
after the respective due dates expressed in the Debentures and this First Supplemental Indenture, and to convert such Debenture in accordance with Article 8 hereof, and to bring suit for the enforcement of any such payment on or after such
respective due dates or for the right to convert in accordance with Article 8 hereof. 
 Article 7 
 Amendments; Supplements and Waivers 
 Section 7.01 Without Consent of Holders. 
 In addition to the provisions of Section 9.1 of the Base Indenture, the
Company and the Trustee may also amend or supplement this First Supplemental Indenture or the Debentures without notice to or consent of any Holder of a Debenture for any of the following purposes: 
  

 21 

 (a)      to provide for conversion rights of Holders of the Debentures and
the Company’s repurchase obligations in connection with a Fundamental Change in the event of any reclassification of the Class A Common Stock, merger or consolidation, or sale, conveyance, transfer or lease of the Company’s property
and assets substantially as an entity; 
 (b) to secure the Debentures; 
 (c)      to provide for the assumption of the Company’s obligations to the Holders of the Debentures in the event of a
merger or consolidation, or sale, conveyance, transfer or lease of our property and assets substantially as an entirety; 
 (d)      to surrender any right or power herein conferred upon the Company; 
 (e)      to add to the covenants of the Company for the benefit of the Debentureholders; 
 (f)      to cure any ambiguity or correct or supplement any inconsistent or otherwise defective provision contained in the Base Indenture or this First Supplemental Indenture or the Debentures; provided,
that such modification or amendment does not adversely affect the interests of the Debentureholders in any material respect; provided, further, that any amendment made solely to conform the provisions of the Base Indenture or this First
Supplemental Indenture or the Debentures to the description of the debentures contained in the Prospectus Supplement shall not be deemed to adversely affect the interests of the holders of the debentures; 
 (g)      to make any provision with respect to matters or questions arising under the Base Indenture or this First
Supplemental Indenture or the Debentures that the Company may deem necessary or desirable and that shall not be inconsistent with provisions of the Base Indenture or this First Supplemental Indenture or the Debentures; provided, that such
change or modification does not, in the good faith opinion of the Board of Directors, adversely affect the interests of the Debentureholders in any material respect; 
 (h)      to increase the Conversion Rate; 
 (i)      to comply with the requirements of the SEC in order to effect or maintain the qualification of the Base Indenture or this First Supplemental Indenture under the TIA; 
 (j)      to add guarantees of obligations under the Debentures; or 
 (k)      to provide for a successor trustee. 
 Section 7.02      With Consent of Holders. 
 Notwithstanding
Section 9.2 of the Base Indenture, this Section 7.02 (and not Section 9.2 of the Base Indenture) shall apply for purposes of this First Supplemental Indenture and the Debentures. 
 Except as provided below in this Section 7.02, this First Supplemental Indenture, the Base Indenture or the Debentures may be amended or
supplemented, and noncompliance by the Company in any particular instance with any provision of the Indenture or the Debentures may be waived, in each case (i) with the written consent of the Holders of at least a majority in aggregate
principal amount of the outstanding Debentures or (ii) by the adoption of a resolution, at a meeting of Holders of the Debentures outstanding at which a quorum is present, by the Holders of a majority in aggregate principal amount of the
outstanding Debentures. 
 Without the written consent or the affirmative vote of each Holder of Debentures affected, an amendment or waiver
under this Section 7.02 may not: 
 (a)      extend the maturity of any Debentures; 
 (b)      reduce the rate or extend the time for payment of interest on any Debentures; 
  

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 (c)      reduce the principal amount of any Debentures; 
 (d)      reduce any amount payable upon redemption or repurchase of any Debentures in accordance with Article 3;

 (e)      impair the right of a Holder to institute suit for payment of any Debentures; 
 (f)      change the currency in which any Debentures is payable; 
 (g)      change the redemption provisions in a manner adverse to the Holders; 
 (h)      change the Company’s obligation to repurchase any Debentures at the option of the Holder in a manner adverse
to the holders except as provided in Section 7.01(a); 
 (i)      change the Company’s obligation to
repurchase any Debentures upon a Fundamental Change in a manner adverse to the Holders after the occurrence of a Fundamental Change; 
 (j)      affect the right of a Holder to convert any Debentures into cash and, if applicable, shares of Class A Common Stock or reduce the number of shares of Class A Common Stock or any other
property, including cash, receivable upon conversion pursuant to Article 8 hereof; 
 (k)      change the
Company’s obligation to maintain an agency for service of process in New York City; 
 (l)      modify
this paragraph or Section 6.03 hereof; or 
 (m)      reduce the percentage of the Debentures required for
consent to any modification of the Base Indenture or this First Supplemental Indenture that does not require the consent of each affected Holder. 
 It shall not be necessary for any act of Holders of Debentures 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. 

After an amendment, supplement or waiver under this Section 7.02 becomes effective, the Company shall promptly deliver to the Holders affected
thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to deliver such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amendment, supplement or
waiver. 
 Article 8 
 Conversion of Debentures 
 Section 8.01      Right to Convert. 

(a)      Subject to and upon compliance with the provisions of this First Supplemental Indenture, on or prior to the
close of business on the Business Day immediately preceding February 15, 2027, the Holder of any outstanding Debentures shall have the right, at such Holder’s option, to convert the principal amount of the Debentures held by such Holder,
or any portion of such principal amount which is an integral multiple of $1,000, into cash and, if applicable, fully paid and non-assessable shares of Class A Common Stock (as such shares shall then be constituted) as described in
Section 8.12 hereof, at the Conversion Rate in effect at such time, by surrender of the Debentures so to be converted, together with any required funds, under the circumstances described in this Section 8.01 and in the manner provided in
Section 8.02 hereof. The Debentures shall be convertible only at the following times: 
 (1)      prior to February 15, 2025 on any date during any Fiscal Quarter beginning after March 31, 2007 (and only during such Fiscal Quarter), if the Closing Sale Price 

  

 23 

 
of one share of Class A Common Stock was more than 125% of the then current Conversion Price for at least 20 Trading Days in the 30 consecutive
Trading-Day period ending on the last Trading Day of the immediately preceding Fiscal Quarter; 
 (2)      on or after February 15, 2025; 
 (3)      with respect to Debentures called for redemption pursuant to Section 3.01 hereof, until 5:00 p.m., New York City time, on the Business Day prior to the relevant redemption date; 
 (4)      during the period specified in Section 8.01(c) hereof, if the Company distributes to all or
substantially all holders of Class A Common Stock rights or warrants entitling them to purchase, for a period of 45 calendar days or less, shares of Class A Common Stock at less than the average Closing Sale Price per share of the
Class A Common Stock for the 10 Trading Days preceding the declaration date for such distribution; 
 (5)      during the period specified in Section 8.01(c) hereof, if the Company distributes to all or substantially all holders of Class A Common Stock, cash or other assets, debt securities or rights
to purchase the Company’s securities, which distribution has a per share value exceeding 10% of the Closing Sale Price per share of the Class A Common Stock on the Trading Day preceding the declaration for such distribution; 
 (6)      if a Fundamental Change occurs, at any time beginning on the Business Day following the effective
date of the Fundamental Change until 5:00 p.m., New York City time, on the Business Day preceding the Fundamental Change Repurchase Date relating to such Fundamental Change; or 
 (7)      during the five consecutive Business Days immediately following any five consecutive Trading-Day
period in which the Trading Price per $1,000 principal amount of the Debentures is less than 98% of the average of the Closing Sale Price of a share of Class A Common Stock during such five Trading -Day period multiplied by the applicable
Conversion Rate. 
 (b)      (1) The Company shall notify the Trustee in writing on or prior to the fifth
Business Day following the first day of each Fiscal Quarter (commencing prior to February 15, 2025, beginning with the Fiscal Quarter ending June 30, 2007) of the condition to conversion set forth in Section 8.01(a)(1) above shall
have been satisfied with respect to such Fiscal Quarter. 
 (2)      The Trustee shall have no
obligation to determine the Trading Price of the Debentures and whether the Debentures are convertible pursuant to clause (7) of Section 8.01(a) hereof unless the Company has requested such determination; and the Company shall have no
obligation to make such request unless a Holder makes a request for a determination and provides the Company with reasonable evidence that the Trading Price per $1,000 principal amount of Debentures is reasonably likely to be less than 98% of the
average of the Closing Sale Price of the Class A Common Stock during such five Trading-Day period multiplied by the Conversion Rate then in effect per $1,000 principal amount of Debentures. At such time, the Company shall instruct the Trustee
to determine the Trading Price of the Debentures beginning on the next Trading Day and on each successive Trading Day until the Trading Prices for the Debentures for each Trading Day in any five consecutive Trading Day period exceeds 98% of the
product of the Closing Sale Price of the Class A Common Stock and the then current Conversion Rate, and to notify the Company accordingly. 
 The Trustee shall be entitled at its sole discretion to consult with the Company and to request the assistance of the Company in connection with the Trustee’s duties and obligations pursuant to Section 8.01(b)(2) 

  

 24 

 hereof and the Company agrees, if requested by the Trustee, to cooperate with, and provide assistance to, the Trustee in
carrying out its duties under this Section 8.01. Upon determination of the Trading Price the Trustee shall notify the Company in writing of such determination and upon request the Company shall promptly confirm such determination in writing to
the Trustee. 
 (c)      In the case of a distribution contemplated by clauses (4) or (5) of
Section 8.01(a), the Company shall notify Holders of Debentures and the Trustee in writing at least 20 calendar days prior to the ex-dividend date (the first date on which the Class A Common Stock trades, regular way, on the relevant
market from which the Closing Sale Price was obtained without the right to receive such right, warrant, dividend or distribution) for such distribution (the “Distribution Notice”). Once the Company has given the Distribution Notice,
Holders may surrender their Debentures for conversion at any time until the earlier of (i) 5:00 p.m., New York City time, on the Business Day immediately preceding the ex-dividend date or (ii) the Company’s announcement that such
distribution will not take place. In the event of a distribution contemplated by clauses (4) or (5) of Section 8.01(a) hereof, holders may not convert the Debentures if the holders may otherwise participate in such distribution
without converting their Debentures. 
 (d)      In addition, if the Company consolidates with or merges with
or into another Person or is a party to a binding share exchange or conveys, transfers, sells, leases or otherwise disposes of all or substantially all of its properties and assets in each case in a transaction not constituting a Fundamental Change,
pursuant to which the Class A Common Stock would be converted into cash, securities and/or other property, other than in a transaction covered by the exceptions in clause (d)(i) or clause (d)(ii) of the definition of “Fundamental
Change,” then the holders shall have the right to convert their Debentures at any time beginning 15 calendar days prior to the date announced by the Company as the anticipated effective date of the transaction and until and including the date
which is 15 calendar days after the date that is the actual effective date of such transaction. The Board of Directors shall determine the anticipated effective date of the transaction, and such determination shall be conclusive and binding on the
holders and shall be publicly announced by the Company and posted on its website not later than 20 calendar days prior to such date, to the extent the Company has the knowledge to make such public announcement and posting 20 days prior to the
anticipated effective date, or as soon as possible after the Company obtains such knowledge. 
 (e)      Whenever the Debentures shall become convertible pursuant to this Section 8.01, the Company or, at the Company’s request, the Trustee in the name and at the expense of the Company, shall
notify the holders of the event triggering such convertibility in the manner provided in Section 12.2 of the Base Indenture, and the Company shall also publicly announce such information and publish it on the Company’s website. Any notice
so given shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. Except as provided in Section 8.04 hereof, the Company shall notify Holders and the Trustee in writing at least 10 calendar days
prior to the anticipated effective date of any Fundamental Change, to the extent the Company has the knowledge to do so, or as soon as possible after the Company obtains such knowledge. 
 (f)      Debentures in respect of which a Holder has delivered a Repurchase Notice exercising such Holder’s right to
require the Company to repurchase such Debentures pursuant to Section 3.04 or 3.05 hereof may be converted only if such Repurchase Notice is withdrawn in accordance with Section 3.07 hereof prior to 5:00 p.m., New York City time, on the
Repurchase Date or the Business Day immediately preceding the Fundamental Change Repurchase Date, as applicable. 
 (g)      A Holder of Debentures is not entitled to any rights of a holder of Class A Common Stock until such Holder has converted his Debentures to Class A Common Stock, and only to the extent such
Debentures are deemed to have been converted to Class A Common Stock under this Article 8. 
 Section 8.02      Exercise of Conversion Right; Issuance of Class A Common Stock on Conversion; No Adjustment for Interest or Dividends.  In order to exercise the conversion right
with respect to any Debentures in certificated form, the Company must receive at the office or agency of the Company maintained for that purpose or, at the option of such Holder, the Corporate Trust Office, such Debentures with the original or
facsimile of the form entitled “Conversion Notice” on the reverse thereof, duly completed and manually signed, together with such 
  

 25 

 
Debentures duly endorsed for transfer, together with any other required transfer documents, accompanied by the funds, if any, required by this
Section 8.02. Such notice shall also state the name or names (with address or addresses) in which the certificate or certificates for shares of Class A Common Stock which shall be issuable on such conversion, if any, shall be issued, and
shall be accompanied by transfer or similar taxes, if required pursuant to Section 8.07 hereof. Once delivered, a Conversion Notice is irrevocable. 
 In order to exercise the conversion right with respect to any interest in a Global Debenture, the Holder must complete, or cause to be completed, the appropriate instruction form for conversion pursuant to the
Depositary’s book-entry conversion program; deliver, or cause to be delivered, by book-entry delivery an interest in such Global Debenture; furnish appropriate endorsements and transfer documents if required by the Company or the Trustee or
conversion agent; and pay the funds, if any, required by this Section 8.02 and any transfer or similar taxes if required pursuant to Section 8.07 hereof. 
 The cash and, if applicable, a certificate or certificates for the number of full shares of Class A Common Stock into which the Debentures are converted will be delivered to such Holder after satisfaction of the
requirements for conversion set forth above, in accordance with Section 8.12 hereof. In case any Debentures of a denomination greater than $1,000 shall be surrendered for partial conversion, and subject to Section 2.03 hereof, the Company
shall execute and the Trustee shall authenticate and deliver to the Holder of the Debentures so surrendered, without charge to the Holder, a new Debenture or Debentures in authorized denominations in an aggregate principal amount equal to the
unconverted portion of the surrendered Debentures. 
 Each conversion shall be deemed to have been effected as to any such Debentures (or
portion thereof) on the date on which the requirements set forth above in this Section 8.02 have been satisfied as to such Debentures (or portion thereof) (the “Conversion Date”) and such Debentures will be deemed to have been
converted immediately prior to 5:00 p.m., New York City time, on the Conversion Date. The Person in whose name any certificate or certificates for shares of Class A Common Stock shall be issuable upon such conversion, if any, shall be deemed to
have become, on said date, the holder of record of the shares represented thereby; provided that in the event of any such surrender on any date when the stock transfer books of the Company shall be closed, that Person shall constitute the
Person in whose name the certificates are to be issued as the record holder thereof for all purposes on the next succeeding day on which such stock transfer books are open, but such conversion shall be at the Conversion Rate in effect on the
Conversion Date. 
 Any Debentures or portion thereof surrendered for conversion during the period from 5:00 p.m., New York City time, on the
Record Date for any Interest Payment Date to 5:00 p.m., New York City time, on the Business Day preceding the applicable Interest Payment Date shall be accompanied by payment, in immediately available funds or other funds acceptable to the Company,
of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided that no such payment need be made (1) if a Holder converts its Debentures in connection with a
redemption and the Company has specified a redemption date that is after a Record Date and on or prior to the corresponding Interest Payment Date, (2) if a Holder converts its Debentures in connection with a Fundamental Change and the Company
has specified a Fundamental Change Repurchase Date that is after a Record Date and on or prior to the corresponding Interest Payment Date or (3) to the extent of any overdue interest, if any overdue interest exists at the time of conversion
with respect to such Debentures. Except as provided above in this Section 8.02 and Section 8.05 hereof, no payment or other adjustment shall be made for interest accrued on any Debentures converted or for dividends on any shares issued
upon the conversion of such Debentures as provided in this Article 8. 
 Upon the conversion of an interest in a Global Debenture, the
Trustee (or other Conversion Agent appointed by the Company), or the custodian for the Global Debenture at the direction of the Trustee (or other Conversion Agent appointed by the Company), shall make a notation on such Global Debenture as to the
reduction in the principal amount represented thereby. The Company shall notify the Trustee in writing of any conversions of Debentures effected through any Conversion Agent other than the Trustee. 
 Upon the conversion of any Debentures, the accrued but unpaid interest attributable to the period from the Issue Date of the Debentures to the Conversion
Date, with respect to the converted Debentures, shall not be cancelled, extinguished or forfeited, but rather shall be deemed to be paid in full to the Holder thereof through delivery of the cash (including a cash payment in lieu of fractional
shares, if any) and shares of Class A Common Stock, if any, in exchange for the Debentures being converted pursuant to the provisions hereof. 
  

 26 

 Section 8.03 Cash Payments in Lieu of Fractional Shares. No fractional shares of Class A
Common Stock or scrip certificates representing fractional shares shall be issued upon conversion of Debentures. If more than one Debenture shall be surrendered for conversion at one time by the same Holder, the number of full shares that shall be
issuable upon conversion shall be computed on the basis of the aggregate principal amount of the Debentures (or specified portions thereof to the extent permitted hereby) so surrendered. If any fractional share of stock would be issuable upon the
conversion of any Debenture or Debentures, the Company shall make an adjustment and payment therefor in cash to the Holder of Debentures at a price equal to the applicable fraction of the Closing Sale Price on the final Trading Day of the Conversion
Period. 
 Section 8.04 Conversion Rate. 
 (a) Each $1,000 principal amount of the Debentures shall be convertible into cash and the number of shares of Class A Common Stock, if any, based upon the Conversion Rate which is specified in the form of
Debentures attached as Exhibit A hereto, subject to adjustment as provided in this Section 8.04 and Section 8.05 hereof. 
 (b)
Prior to February 15, 2012, if and only to the extent a Holder elects to convert Debentures in connection with a Non-Stock Change of Control at any time beginning on the Business Day following the date on which such Non-Stock Change of Control
becomes effective (the “Effective Date”) but before 5:00 p.m., New York City time, on the Business Day immediately preceding the related Fundamental Change Repurchase Date, the Company shall increase the Conversion Rate applicable
to such converted Debentures by a number of additional shares of Class A Common Stock (the “Additional Shares”) as set forth below. A conversion of Debentures shall be deemed to be “in connection with” a Non-Stock
Change of Control if the Conversion Notice is received by the Conversion Agent during the period specified in the previous sentence. The number of additional shares of Class A Common Stock shall be determined by reference to the table below,
based on the Effective Date and the price (the “Stock Price”) paid per share for the Class A Common Stock in the Non-Stock Change of Control. If holders of Class A Common Stock receive only cash in the Non-Stock Change of
Control, the Stock Price shall be the cash amount paid per share. Otherwise, the Stock Price shall be the average of the Closing Sale Prices of the Class A Common Stock on the five Trading Days prior to, but not including, the Effective Date of
such Non-Stock Change of Control. 
 The numbers of Additional Shares of Class A Common Stock set forth in the table below shall be
adjusted as of any date on which the Conversion Rate is adjusted in the same manner in which the Conversion Rate is adjusted. The Stock Prices set forth in the table below shall be adjusted, as of any date on which the Conversion Rate is adjusted,
to equal the Stock Price applicable immediately prior to such adjustment multiplied by a fraction, of which 
 (1) the numerator shall be the
Conversion Rate immediately prior to the adjustment and 
 (2) the denominator shall be the Conversion Rate as so adjusted. 
 The following table sets forth the Stock Price and number of Additional Shares by which the Conversion Rate shall be adjusted: 
 Stock Price 
  

																					
	 Effective Date
	  	$44.51	  	$56.75	  	$65.00	  	$75.00	  	$85.00	  	$95.00	  	$105.00	  	$115.00	  	$125.00	  	$135.00
	 February 7, 2007
	  	4.8457	  	2.8554	  	2.0857	  	1.4751	  	1.0750	  	0.8023	  	0.6101	  	0.4709	  	0.3677	  	0.2897
	 February 15, 2008
	  	4.8457	  	2.7876	  	1.9823	  	1.3589	  	0.9619	  	0.6989	  	0.5188	  	0.3916	  	0.2996	  	0.2315
	 February 15, 2009
	  	4.8457	  	2.6380	  	1.8012	  	1.1767	  	0.7961	  	0.5550	  	0.3969	  	0.2899	  	0.2153	  	0.1620
	 February 15, 2010
	  	4.8457	  	2.3737	  	1.5086	  	0.9025	  	0.5613	  	0.3626	  	0.2428	  	0.1679	  	0.1193	  	0.0865
	 February 15, 2011
	  	4.7473	  	1.8774	  	0.9997	  	0.4716	  	0.2308	  	0.1205	  	0.0687	  	0.0432	  	0.0296	  	0.0215
	 February 15, 2012
	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  	  	—  

  

 27 

 If the Stock Price and Effective Date are not set forth on the table above and the Stock Price is:

 (i)      between two Stock Prices on the table or the Effective Date is between two days on the table, the
number of additional shares of Class A Common Stock shall be determined by the Trustee by straight-line interpolation between the number of additional shares of Class A Common Stock set forth for the higher and lower Stock Price and the
two Effective Dates, as applicable, based on a 360-day year; 
 (ii)      in excess of $135.00 per share
(subject to adjustment), no additional shares of Class A Common Stock shall be issued upon conversion; or 
 (iii)      less than $44.51 per share (subject to adjustment), no additional shares of Class A Common Stock shall be issued upon conversion. 
 Notwithstanding the foregoing, in no event will the Conversion Rate as adjusted pursuant to this Section 8.04 exceed 22.4668 shares per $1,000
principal amount of the Debentures, subject to adjustments in the same manner as the number of Additional Shares of Class A Common Stock as set forth in this Section 8.04(b). 
 Additional Shares deliverable pursuant to this Section 8.04(b) or cash in lieu thereof, shall be delivered on the settlement date applicable to the
relevant conversion. 
 The Company shall provide written notice to all Holders and to the Trustee as soon as practicable and if possible at
least 20 calendar days prior to the anticipated Effective Date of a Non-Stock Change of Control. The Company must also provide written notice to all Holders and to the Trustee upon the effectiveness of such Non-Stock Change of Control. 

Section 8.05      Adjustment of Conversion Rate. The Conversion Rate shall be adjusted from time to time by
the Company as follows: 
 (a)      In case the Company shall, at any time or from time to time while any of
the Debentures are outstanding, pay a dividend in shares of Class A Common Stock or make a distribution in shares of Class A Common Stock to all or substantially all holders of its outstanding shares of Class A Common Stock, then the
Conversion Rate in effect at the opening of business on the date following the record date fixed for the determination of stockholders entitled to receive such dividend or other distribution shall be increased by multiplying such Conversion Rate by
a fraction: 
 (1)      the numerator of which shall be the sum of the number of shares of
Class A Common Stock outstanding at the close of business on the date fixed for the determination of stockholders entitled to receive such dividend or other distribution plus the total number of shares of Class A Common Stock constituting
such dividend or other distribution; and 
 (2)      the denominator of which shall be the
number of shares of Class A Common Stock outstanding at the close of business on the date fixed for such determination, 
  

 28 

 such increase to become effective immediately after the opening of business on the day following the record date fixed
for such determination. For the purpose of this paragraph (a), the number of shares of Class A Common Stock at any time outstanding shall not include shares held in the treasury of the Company. The Company will not pay any dividend or make any
distribution on shares of Class A Common Stock held in the treasury of the Company. If any dividend or distribution of the type described in this Section 8.05(a) is declared but not so paid or made, the Conversion Rate shall again be
adjusted to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. 
 (b)      In case outstanding shares of Class A Common Stock shall be subdivided into a greater number of shares of Class A Common Stock, the Conversion Rate in effect at the opening of business on the
day following the day upon which such subdivision becomes effective shall be proportionately increased, and conversely, in case outstanding shares of Class A Common Stock shall be combined into a smaller number of shares of Class A Common
Stock, the Conversion Rate in effect at the opening of business on the day following the day upon which such combination becomes effective shall be proportionately reduced, such increase or reduction, as the case may be, to become effective
immediately after the opening of business on the day following the day upon which such subdivision or combination becomes effective. 
 (c)      In case the Company shall issue rights or warrants to all or substantially all holders of its outstanding shares of Class A Common Stock entitling them to subscribe or purchase, for a period of up
to 45 calendar days, shares of Class A Common Stock at a price per share less than the then Current Market Price, the Conversion Rate shall be increased so that the same shall equal the rate determined by multiplying the Conversion Rate in
effect immediately prior to the date fixed for determination of stockholders entitled to receive such rights or warrants by a fraction, 
 (1)      the numerator of which shall be the number of shares of Class A Common Stock outstanding on the date fixed for determination of stockholders entitled to receive such rights
or warrants plus the total number of additional shares of Class A Common Stock offered for subscription or purchase, and 
 (2)      the denominator of which shall be the sum of the number of shares of Class A Common Stock outstanding at the close of business on the date fixed for determination of stockholders entitled to
receive such rights or warrants plus the number of shares that the aggregate offering price of the total number of shares so offered would purchase at the Current Market Price on such date. 
 Such adjustment shall be successively made whenever any such rights or warrants are issued, and shall become effective immediately after the opening of
business on the day following the date fixed for determination of stockholders entitled to receive such rights or warrants. To the extent that shares of Class A Common Stock are not delivered after the expiration of such rights or warrants, the
Conversion Rate shall be readjusted to the Conversion Rate that would then be in effect had the adjustments made upon the issuance of such rights or warrants been made on the basis of delivery of only the number of shares of Class A Common
Stock actually delivered. If such rights or warrants are not so issued, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such date fixed for the determination of stockholders entitled to receive
such rights or warrants had not been fixed. In determining whether any rights or warrants entitle the holders to subscribe for or purchase shares of Class A Common Stock at less than such Current Market Price, and in determining the aggregate
offering price of such shares of Class A Common Stock, there shall be taken into account any consideration received by the Company for such rights or warrants and any amount payable on exercise or conversion thereof, the value of such
consideration, if other than cash, to be determined by the Board of Directors. 
 (d)      In case the Company
shall, by dividend or otherwise, distribute to all or substantially all holders of its outstanding shares of Class A Common Stock shares of any class of Capital Stock of the Company or evidences of its Debt or assets (including securities, but
excluding (i) any rights or warrants referred to in Section 8.05(c) hereof, (ii) any dividends or distributions in connection with a reclassification, consolidation, merger, combination or sale or conveyance to which Section 8.06
hereof applies, (iii) any dividends or distributions paid exclusively in cash or (iv) any dividends or distributions referred to in Section 8.05(a) hereof) (any of the foregoing hereinafter in this Section 8.05(d)) called the
“Distributed Assets”), then, in each such case, the Conversion Rate shall be increased so that the same shall be equal to the rate determined by multiplying the Conversion Rate in effect on the record date with respect to such
distribution by a fraction, 
  

 29 

 (1)      the numerator of which shall be the Current Market
Price on such record date; and 
 (2)      the denominator of which shall be the Current Market
Price on such record date less the Fair Market Value (as determined by the Board of Directors, whose determination shall be conclusive, and set forth in a resolution of the Board of Directors) on the record date of the portion of the Distributed
Assets so distributed applicable to one share of Class A Common Stock, 
 such adjustment to become effective immediately prior to the opening of
business on the day following such record date; provided, that if the then Fair Market Value (as so determined) of the portion of the Distributed Assets so distributed applicable to one share of Class A Common Stock is equal to or
greater than the Current Market Price on the record date or the Current Market Price exceeds such Fair Market Value by less than $1.00, in lieu of the foregoing adjustment, adequate provision shall be made so that each Holder shall have the right to
receive upon conversion the amount of Distributed Assets such Holder would have received had such Holder converted each Debentures solely into Class A Common Stock immediately prior to the record date; and provided, further, that
no adjustment to the Conversion Rate shall be made if the Holder will otherwise participate in such distribution without conversion as a result of holding the Debentures. If such dividend or distribution is not so paid or made, the Conversion Rate
shall again be adjusted to be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. 
 If
the Board of Directors determines the Fair Market Value of any distribution for purposes of this Section 8.05(d) by reference to the actual or when issued trading market for any Distributed Assets comprising all or part of such distribution, it
must in doing so consider the prices in such market over the same period (the “Reference Period”) used in computing the Current Market Price pursuant to Section 8.05(g)(1) hereof to the extent possible, unless the Board of
Directors determines in good faith that determining the Fair Market Value during the Reference Period would not be a reasonably accurate measure of value. Notwithstanding the foregoing, in the event any such distribution consists of shares of
Capital Stock of, or similar equity interests in, one or more of the Company’s Subsidiaries (a “Spin-Off”), the Conversion Rate shall be increased so that the same shall be equal to the rate determined by multiplying the
Conversion Rate in effect immediately prior to the close of business on the record date with respect to such distribution by a fraction: 
 (1)      the numerator of which shall be the Current Market Price of the Class A Common Stock, plus the Fair Market Value of the portion of the distributed assets so distributed
applicable to one share of Class A Common Stock (determined on the basis of the number of shares of Class A Common Stock outstanding on the record date), determined as set forth above, and 
 (2)      the denominator of which shall be the Current Market Price on such record date, 
 such increase shall become effective immediately prior to the opening of business on the day following the last Trading Day of the Spin-Off Valuation Period (as defined
below). In the event that such dividend or distribution is not so paid or made, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such dividend or distribution had not been declared. In the case of
a Spin-Off of a subsidiary whose securities are publicly traded, the Fair Market Value of the securities to be distributed shall equal the average of the Closing Sale Prices of such securities on the principal securities market on which such
securities are traded for the five consecutive Trading Days commencing on and including the sixth day of trading of those securities after the effectiveness of the Spin-Off (the “Spin-Off Valuation Period”), and the Current Market
Price shall be measured for the same period. In the event, however, that an underwritten initial public offering of the securities in the Spin-Off occurs simultaneously with the Spin-Off, Fair Market Value of the securities distributed in the
Spin-Off shall mean the initial public offering price of such securities and the Current Market Price shall mean the Closing Sale Price for the Class A Common Stock on the same Trading Day. 
  

 30 

 Rights or warrants distributed by the Company to all holders of Class A Common Stock entitling the
holders thereof to subscribe for or purchase shares of the Company’s Capital Stock (either initially or under certain circumstances), which rights or warrants, until the occurrence of a specified event or events (“Trigger
Event”): (i) are deemed to be transferred with such shares of Class A Common Stock; (ii) are not exercisable; and (iii) are also issued in respect of future issuances of Class A Common Stock, shall be deemed not to
have been distributed for purposes of this Section 8.05 (and no adjustment to the Conversion Rate under this Section 8.05 will be required) until the occurrence of the earliest Trigger Event, whereupon such rights and warrants shall be
deemed to have been distributed and an appropriate adjustment (if any is required) to the Conversion Rate shall be made under this Section 8.05(d). If any such right or warrant, including any such existing rights or warrants distributed prior
to the date of this First Supplemental Indenture, are subject to events, upon the occurrence of which such rights or warrants become exercisable to purchase different securities, evidences of Debt or other assets, then the date of the occurrence of
any and each such event shall be deemed to be the date of distribution and record date with respect to new rights or warrants with such rights (and a termination or expiration of the existing rights or warrants without exercise by any of the holders
thereof). In addition, in the event of any distribution (or deemed distribution) of rights or warrants, or any Trigger Event or other event (of the type described in the preceding sentence) with respect thereto that was counted for purposes of
calculating a distribution amount for which an adjustment to the Conversion Rate under this Section 8.05 was made, (1) in the case of any such rights or warrants that shall all have been redeemed or repurchased without exercise by any
holders thereof, the Conversion Rate shall be readjusted upon such final redemption or repurchase to give effect to such distribution or Trigger Event, as the case may be, as though it were a cash distribution, equal to the per share redemption or
repurchase price received by a holder or holders of Class A Common Stock with respect to such rights or warrants (assuming such holder had retained such rights or warrants), made to all holders of Class A Common Stock as of the date of
such redemption or repurchase, and (2) in the case of such rights or warrants that shall have expired or been terminated without exercise by any holders thereof, the Conversion Rate shall be readjusted as if such rights and warrants had not
been issued. 
 No adjustment of the Conversion Rate shall be made pursuant to this Section 8.05(d) in respect of rights or warrants
distributed or deemed distributed on any Trigger Event to the extent that such rights or warrants are actually distributed or reserved by the Company for distribution to Holders of Debentures upon conversion by such Holders of Debentures to
Class A Common Stock. 
 For purposes of this Section 8.05(d) and Sections 8.05(a) and (b) hereof, any dividend or
distribution to which this Section 8.05(d) is applicable that also includes shares of Class A Common Stock, or rights or warrants to subscribe for or purchase shares of Class A Common Stock (or both), shall be deemed instead to be
(1) a dividend or distribution of the evidences of Debt, assets or shares of Capital Stock other than such shares of Class A Common Stock or rights or warrants (and any Conversion Rate adjustment required by this Section 8.05(d) with
respect to such dividend or distribution shall then be made) immediately followed by (2) a dividend or distribution of such shares of Class A Common Stock or such rights or warrants (and any further Conversion Rate adjustment required by
Sections 8.05(a) or 8.05(b) hereof with respect to such dividend or distribution shall then be made), except (A) the record date of such dividend or distribution shall be substituted as “the date fixed for the determination of stockholders
entitled to receive such dividend or other distribution”, “the date fixed for the determination of stockholders entitled to receive such rights or warrants” and “the date fixed for such determination” within the meaning of
Sections 8.05(a) and 8.05(b) hereof and (B) any shares of Class A Common Stock included in such dividend or distribution shall not be deemed “outstanding at the close of business on the date fixed for such determination” within
the meaning of Section 8.05(a) hereof. 
 (e)      In case the Company shall, by dividend or otherwise,
distribute to all holders of its Class A Common Stock cash (including any quarterly cash dividend, but excluding (x) any dividend or distribution in connection with the liquidation, dissolution or winding up of the Company, whether
voluntary or involuntary and (y) any dividend or distribution in connection with a reclassification, consolidation, merger, binding share exchange or sale to which Section 8.06 hereof applies), then the Conversion Rate shall be increased
so that the same shall equal the rate determined by multiplying the Conversion Rate in effect on the applicable record date by a fraction, 
 (1)      the numerator of which shall be the Current Market Price on such record date; and 
  

 31 

 (2)      the denominator of which shall be the Current
Market Price on such record date less the amount of the cash distribution applicable to one share of Class A Common Stock, 
 such adjustment to be
effective immediately prior to the opening of business on the day following the record date; provided, that if the portion of the cash so distributed applicable to one share of Class A Common Stock is equal to or greater than the Current
Market Price on the record date, in lieu of the foregoing adjustment, adequate provision shall be made so that each Holder shall have the right to receive upon conversion the amount of cash such Holder would have received had such Holder converted
each Debentures solely into Class A Common Stock immediately prior to the record date. If such dividend or distribution is not so paid or made, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect
if such dividend or distribution had not been declared. 
 (f)      In case a tender or exchange offer made by
the Company or any Subsidiary for all or any portion of the Class A Common Stock shall expire and such tender or exchange offer (as amended upon the expiration thereof) shall require the payment to stockholders of consideration per share of
Class A Common Stock having a Fair Market Value (as determined by the Board of Directors, whose determination shall be conclusive and set forth in a resolution of the Board of Directors) that as of the last time (the “Expiration
Time”) tenders or exchanges may be made pursuant to such tender or exchange offer (as it may be amended) exceeds the Closing Sale Price of a share of Class A Common Stock on the Trading Day next succeeding the Expiration Time, the
Conversion Rate shall be increased so that the same shall equal the rate determined by multiplying the Conversion Rate in effect immediately prior to the Expiration Time by a fraction, 
 (1)      the numerator of which shall be the sum of (x) the Fair Market Value (determined as
aforesaid) of the aggregate consideration payable to stockholders based on the acceptance (up to any maximum specified in the terms of the tender or exchange offer) of all shares validly tendered or exchanged and not withdrawn as of the Expiration
Time (the shares deemed so accepted up to any such maximum, being referred to as the “Purchased Shares”) and (y) the product of the number of shares of Class A Common Stock outstanding (less any Purchased Shares) at the
Expiration Time and the Closing Sale Price of a share of Class A Common Stock on the Trading Day next succeeding the Expiration Time, and 
 (2)      the denominator of which shall be the number of shares of Class A Common Stock outstanding (including any Purchased Shares) at the Expiration Time multiplied by the Closing
Sale Price of a share of Class A Common Stock on the Trading Day next succeeding the Expiration Time, 
 such adjustment to become effective immediately
prior to the opening of business on the day following the Expiration Time. If the Company is obligated to purchase shares pursuant to any such tender or exchange offer, but the Company is permanently prevented by applicable law from effecting any
such purchases or all such purchases are rescinded, the Conversion Rate shall again be adjusted to be the Conversion Rate that would then be in effect if such tender or exchange offer had not been made. 
 (g)      For purposes of this Section 8.05, the following terms shall have the meaning indicated: 
 (1)      “Current Market Price” on any date means the average of the daily Closing Sale
Prices per share of Class A Common Stock for the ten consecutive Trading Days immediately prior to such date (the “day in question”); provided that if: 
 (A)      the “ex” date (as hereinafter defined) for any event (other than the issuance or
distribution requiring such computation) that requires an adjustment to the Conversion Rate pursuant to Section 8.05 (a), (b), (c), (d), (e) or (f) occurs during such ten consecutive Trading Days, the Closing Sale Price for each
Trading Day prior to the “ex” date for such other event shall be adjusted by dividing such Closing Sale Price by the same fraction by which the Conversion Rate is so required to be multiplied as a result of such other event; 
  

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 (B)      the “ex” date for the issuance or
distribution requiring such computation is prior to the day in question, after taking into account any adjustment required pursuant to clause (A) of this proviso, the Closing Sale Price for each Trading Day on or after such “ex” date
shall be adjusted by adding thereto the amount of any cash and the Fair Market Value (as determined by the Board of Directors in a manner consistent with any determination of such value for purposes of Section 8.05(d), (e) or (f)) of the
evidences of Debt, shares of Capital Stock or assets being distributed applicable to one share of Class A Common Stock as of the close of business on the day before such “ex” date. 
 Notwithstanding the foregoing, whenever successive adjustments to the Conversion Rate are called for pursuant to this Section 8.05, such adjustments shall be made
to the Current Market Price as may be necessary or appropriate to effectuate the intent of this Section 8.05 and to avoid unjust or inequitable results as determined in good faith by the Board of Directors. 
 “Ex” date, when used: 
 (i)      with respect to any issuance or distribution, means the first date on which the shares of Class A Common Stock trade regular way on the relevant exchange or in the relevant market from which the
Closing Sale Price was obtained without the right to receive such issuance or distribution; 
 (ii)      with respect to any subdivision or combination of shares of Class A Common Stock, means the first date on which the shares of Class A Common Stock trade regular way on such exchange or in
such market after the time at which such subdivision or combination becomes effective; and 
 (iii)      with respect to any tender or exchange offer, means the first date on which the shares of Class A Common Stock trade regular way on such exchange or in such market after the Expiration Time of
such offer. 
 (2)      “Fair Market Value” shall mean the amount which a
willing buyer would pay a willing seller in an arm’s-length transaction. 
 (3)      “record date” shall mean, with respect to any dividend, distribution or other transaction or event in which the holders of Class A Common Stock have the right to receive any cash,
securities or other property or in which the Class A Common Stock (or other applicable security) is exchanged for or converted into any combination of cash, securities or other property, the date fixed for determination of stockholders entitled
to receive such cash, securities or other property (whether such date is fixed by the Board of Directors or by statute, contract or otherwise). 
 (h)      The Company, in its sole discretion, may make such increases in the Conversion Rate, in addition to those required by Sections 8.05(a)-(f) hereof, as the Board of Directors considers to be
advisable to avoid or diminish any income tax to holders of Class A Common Stock or rights to purchase Class A Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such
for income tax purposes. 
 To the extent permitted by applicable law, the Company from time to time may increase the Conversion Rate by any
amount for any period of time if the period is at least 20 Business Days, the increase is irrevocable during the period and the Board of Directors shall have made a determination that such increase would be in the best interests of the Company,
which determination shall be conclusive. Whenever the Conversion Rate is increased pursuant to the preceding sentence, the Company shall deliver to Holders of record of the Debentures and the Trustee a notice of the increase, which notice will be
given at least 15 days prior to the effectiveness of any such increase, and such notice shall state the increased Conversion Rate and the period during which it will be in effect. 
  

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 (i)      No adjustment in the Conversion Rate shall be required unless such
adjustment would require an increase or decrease of at least one percent (1%) in such rate; provided that any adjustments that by reason of this Section 8.05(i) are not required to be made shall be carried forward and the Company
shall make such carry forward adjustments, regardless of whether the aggregate adjustment is less than 1%, (x) annually on the anniversary of the Closing Date and otherwise (y)(1) five Business Days prior to the maturity of the Debentures
(whether at stated maturity or otherwise) or (2) prior to the redemption date or Repurchase Date or Fundamental Change Repurchase Date, unless such adjustment has already been made. All calculations under this Article 8 shall be made by the
Company and shall be made to the nearest cent or to the nearest one-ten thousandth (1/10,000) of a share, as the case may be. No adjustment need be made for rights to purchase Class A Common Stock pursuant to a Company plan for
reinvestment of dividends or interest or for any issuance of Class A Common Stock or convertible or exchangeable securities or rights to purchase Class A Common Stock or convertible or exchangeable securities. Interest will not accrue on
any cash into which the Debentures are convertible. 
 (j)      Whenever the Conversion Rate is adjusted as
herein provided, the Company will issue a press release through Business Wire or another widely accepted business wire service containing the relevant information and make this information available on the Company’s website or through another
public medium as the Company may use at that time. In addition, the Company shall promptly file with the Trustee and any conversion agent other than the Trustee an Officers’ Certificate setting forth the Conversion Rate after such adjustment
and setting forth a brief statement of the facts requiring such adjustment. Unless and until a Trust Officer of the Trustee shall have received such Officers’ Certificate, the Trustee shall not be deemed to have knowledge of any adjustment of
the Conversion Rate and may assume that the last Conversion Rate of which it has actual knowledge is still in effect. Promptly after delivery of such certificate, the Company shall prepare a notice of such adjustment of the Conversion Rate setting
forth the adjusted Conversion Rate and the date on which each adjustment becomes effective and shall deliver such notice of such adjustment of the Conversion Rate to the Holder of each Debentures at his last address appearing on the Register, within
20 calendar days after execution of such notice. Failure to deliver such notice shall not affect the legality or validity of any such adjustment. 
 (k)      In any case in which this Section 8.05 provides that an adjustment shall become effective immediately after (1) a record date for an event, (2) the date fixed for the determination of
stockholders entitled to receive a dividend or distribution pursuant to Section 8.05(a) hereof, (3) a date fixed for the determination of stockholders entitled to receive rights or warrants pursuant to Section 8.05(b) hereof, or
(4) the Expiration Time for any tender or exchange offer pursuant to Section 8.05(f) hereof, (each a “Determination Date”), the Company may elect to defer until the occurrence of the applicable Adjustment Event (as
hereinafter defined) (x) issuing to the Holder of any Debentures converted after such Determination Date and before the occurrence of such Adjustment Event, the additional shares of Class A Common Stock, if any, or other securities, cash
or other property issuable upon such conversion by reason of the adjustment required by such Adjustment Event over and above the Class A Common Stock, if any, issuable upon such conversion before giving effect to such adjustment and
(y) paying to such Holder any amount in cash in lieu of any fractional share pursuant to Section 8.03 hereof. For purposes of this Section 8.05(k), the term “Adjustment Event” shall mean: 
 (i)      in any case referred to in clause (1) hereof, the occurrence of such event, 
 (ii)      in any case referred to in clause (2) hereof, the date any such dividend or distribution is
paid or made, 
 (iii)      in any case referred to in clause (3) hereof, the date of
expiration of such rights or warrants, and 
 (iv)      in any case referred to in clause
(4) hereof, the date a sale or exchange of Class A Common Stock pursuant to such tender or exchange offer is consummated and becomes irrevocable. 
 (l)      For purposes of this Section 8.05, the number of shares of Class A Common Stock at any time outstanding shall not include shares held in the treasury of the Company but
shall include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Class A Common Stock. The Company will not pay any dividend or make any distribution on shares of Class A Common Stock held in the
treasury of the Company. 
  

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 (m)      No adjustment to the Conversion Rate shall be made pursuant to
this Section 8.05 if the holders of the Debentures may participate in the transaction that would otherwise give rise to adjustment pursuant to this Section 8.05. 
 Section 8.06     Effect of Reclassification, Consolidation, Merger or Sale. If any of the following events occur, namely:

 (a)      any reclassification or change of the outstanding Class A Common Stock (other than a change in
par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination), 
 (b)      any consolidation or merger of the Company with or into another Person, or 
 (c)      any sale, lease, transfer, conveyance or other disposition of all or substantially all of the Company’s assets and those of its Subsidiaries taken as a whole to any other Person or Persons, as a
result of which holders of Class A Common Stock shall be entitled to receive stock, other securities or other property or assets (including cash or any combination thereof) with respect to or in exchange for such Class A Common Stock,

 in each case, the Company or the successor or purchasing corporation, as the case may be, shall execute with the Trustee a supplemental indenture (which
shall comply with the Trust Indenture Act as in force at the date of execution of such supplemental indenture, if such supplemental indenture is then required to so comply) providing that such Debentures shall, without the consent of any holders of
Debentures, be convertible into the kind and amount of shares of stock and other securities or property or assets (including cash or any combination thereof) (the “Applicable Consideration”) that such Holder would have been entitled
to receive upon such reclassification, change, consolidation, merger, sale, lease, transfer, conveyance or other disposition had such Debentures been converted into Class A Common Stock immediately prior to such reclassification, change,
consolidation, merger, sale, lease, transfer, conveyance or other disposition; provided, that in the event that holders of Class A Common Stock have the opportunity to elect the form of consideration to be received in such transaction,
then from and after the effective date of such transaction, the Debentures shall be convertible into the consideration that a majority of the holders of Class A Common Stock who made such an election received in such transaction and the term
“Applicable Consideration” shall be construed accordingly; and provided, further, that Section 8.12 hereof shall continue to apply following any such transaction. Such supplemental indenture shall provide for adjustments
that shall be as nearly equivalent as may be practicable to the adjustments provided for in this Article 8. If, in the case of any such reclassification, change, consolidation, merger, sale, lease, transfer, conveyance or other disposition, the
stock or other securities and assets receivable thereupon by a holder of Class A Common Stock includes shares of stock or other securities and assets of a corporation other than the successor or purchasing corporation, as the case may be, in
such reclassification, change, consolidation, merger, sale, lease, transfer, conveyance or other disposition, then such supplemental indenture shall also be executed by such other corporation and shall contain such additional provisions to protect
the interests of the holders of the Debentures as the Board of Directors shall reasonably consider necessary by reason of the foregoing, including to the extent practicable the provisions providing for the conversion rights set forth in this Article
8. 
 The Company shall cause notice of the execution of such supplemental indenture to be delivered to each Holder, at the address of such
Holder as it appears on the register of the Debentures maintained by the Registrar, within 20 days after execution thereof. Failure to deliver such notice shall not affect the legality or validity of such supplemental indenture. 
 The above provisions of this Section 8.06 shall similarly apply to successive reclassifications, changes, consolidations, mergers, sales, leases,
transfers, conveyances or other dispositions. 
 If this Section 8.06 applies to any event or occurrence, Section 8.05 hereof shall
not apply. 
 Any additional shares of Class A Common Stock that a Holder is entitled to receive upon conversion pursuant to
Section 8.04(b) hereof, if applicable, shall not be payable in shares of Class A Common Stock, but shall represent a right to receive the aggregate amount of cash, securities or other property into which the additional shares of
Class A Common Stock would convert as a result of such recapitalization, change, consolidation, merger, sale, lease, transfer, conveyance or other disposition. 
  

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 The Company may not become party to any such transaction described in clauses (a), (b) or
(c) of this Section 8.06, unless the terms of such transactions are consistent with this Section 8.06. 
 Section 8.07    Taxes on Shares Issued. The issue of stock certificates on conversions of Debentures shall be made without charge to the converting Holder of Debentures for any documentary, stamp or similar
issue or transfer tax in respect of the issue thereof. The Company shall not, however, be required to pay any such tax which may be payable in respect of any transfer involved in the issue and delivery of stock in any name other than that of the
Holder of any Debentures converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons requesting the issue thereof shall have paid to the Company the amount of such tax or
shall have established to the satisfaction of the Company that such tax has been paid. 
 Section 8.08    Reservation of Shares, Shares to be Fully Paid; Compliance with Governmental Requirements; Listing of Class A Common Stock. The Company shall provide, free from preemptive rights, out of
its authorized but unissued shares or shares held in treasury, sufficient shares of Class A Common Stock to provide for the conversion of the Debentures, including any Additional Shares, from time to time as such Debentures are presented for
conversion. 
 Before taking any action which would cause an adjustment increasing the Conversion Rate to an amount that would cause the
Conversion Price to be reduced below the then par value, if any, of the shares of Class A Common Stock issuable upon conversion of the Debentures, the Company will take all corporate action which may, in the opinion of its counsel, be necessary
in order that the Company may validly and legally issue shares of such Class A Common Stock at such adjusted Conversion Rate. 
 The
Company covenants that all shares of Class A Common Stock which may be issued upon conversion of Debentures will upon issue be fully paid and non-assessable by the Company and free from all taxes, liens and charges with respect to the issue
thereof. 
 The Company covenants that, if any shares of Class A Common Stock to be provided for the purpose of conversion of Debentures
hereunder require registration with or approval of any governmental authority under any federal or state law before such shares may be validly issued upon conversion, the Company will in good faith and as expeditiously as possible, to the extent
then permitted by the rules and interpretations of the Commission (or any successor thereto), endeavor to secure such registration or approval, as the case may be. 
 The Company further covenants that, if at any time the Class A Common Stock shall be listed on any national securities exchange or automated quotation system, the Company will, if permitted by the rules of such
exchange or automated quotation system, list and keep listed, so long as the Class A Common Stock shall be so listed on such exchange or automated quotation system, all Class A Common Stock issuable upon conversion of the Debentures;
provided that if the rules of such exchange or automated quotation system permit the Company to defer the listing of such Class A Common Stock until the first conversion of the Debentures into Class A Common Stock in accordance with
the provisions of this Indenture, the Company covenants to list such Class A Common Stock issuable upon conversion of the Debentures in accordance with the requirements of such exchange or automated quotation system at such time. 
 Section 8.09    Responsibility of Trustee. The Trustee and any other Conversion Agent shall not at any time be under any
duty or responsibility to any Holder to determine the Conversion Price or the Conversion Rate or whether any facts exist which may require any adjustment of the Conversion Rate, or with respect to the nature or extent or calculation of any such
adjustment when made, or with respect to the method employed, or herein or in any supplemental indenture provided to be employed, in making the same. The Trustee and any other Conversion Agent shall not be accountable with respect to the validity or
value (or the kind or amount) of any shares of Class A Common Stock, or of any Capital Stock, other securities or other assets or property, which may at any time be issued or delivered upon the conversion of any Debentures; and the Trustee and
any other conversion agent make no representations with respect thereto. Neither the Trustee nor any conversion agent shall be responsible for any failure of the Company to issue, transfer or deliver any shares of Class A Common Stock or stock
certificates or 
  

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 other securities or property or cash upon the surrender of any Debentures for the purpose of conversion or to comply with
any of the duties, responsibilities or covenants of the Company contained in this Article 8. Without limiting the generality of the foregoing, neither the Trustee nor any Conversion Agent shall be under any responsibility to determine the
correctness of any provisions contained in any supplemental indenture entered into pursuant to Section 8.06 hereof relating either to the kind or amount of shares of capital stock or other securities or other assets or property (including cash)
receivable by holders of Debentures upon the conversion of their Debentures after any event referred to in such Section 8.06 hereof or to any adjustment to be made with respect thereto, but, subject to the provisions of Section 7.1 of the
Base Indenture, may accept as conclusive evidence of the correctness of any such provisions, and shall be protected in relying upon, the Officers’ Certificate (which the Company shall be obligated to file with the Trustee prior to the execution
of any such supplemental indenture) with respect thereto. 
 Section 8.10    Notice to Holders Prior to Certain
Actions. In case: 
 (a)      the Company shall declare a dividend (or any other distribution) on its
Class A Common Stock that would require an adjustment in the Conversion Rate pursuant to Section 8.05 hereof; or 
 (b)      the Company shall authorize the granting to the holders of all or substantially all of its Class A Common Stock or rights or warrants to subscribe for or purchase any share of any class or any
other rights or warrants; or 
 (c)      of any reclassification or reorganization of the Class A Common
Stock of the Company (other than a subdivision or combination of its outstanding Class A Common Stock, or a change in par value, or from par value to no par value, or from no par value to par value), or of any consolidation or merger to which
the Company is a party and for which approval of any stockholders of the Company is required, or of the sale or transfer of all or substantially all of the assets of the Company; or 
 (d)      of the voluntary or involuntary dissolution, liquidation or winding up of the Company; 
 the Company shall cause to be filed with the Trustee and to be delivered to each Holder at his address appearing on the Register provided for in Section 2.4 of the
Base Indenture, as promptly as possible but in any event at least ten calendar days prior to the applicable date hereinafter specified to the extent the Company has the knowledge to do so, a notice stating (x) the date on which a record is to
be taken for the purpose of such dividend, distribution or rights or warrants, or, if a record is not to be taken, the date as of which the holders of Class A Common Stock of record to be entitled to such dividend, distribution or rights are to
be determined, or (y) the date on which such reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding up is expected to become effective or occur, and the date as of which it is expected that holders of
Class A Common Stock of record shall be entitled to exchange their Class A Common Stock for securities or other property deliverable upon such reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding up.
Failure to give such notice, or any defect therein, shall not affect the legality or validity of such dividend, distribution, reclassification, consolidation, merger, sale, transfer, dissolution, liquidation or winding up. 
 Section 8.11    Stockholder Rights Plans. If the rights provided for in any future rights plan adopted by the Company
have separated from the shares of Class A Common Stock in accordance with the provisions of the applicable stockholder rights agreement so that the holders of the Debentures would not be entitled to receive any rights in respect of Class A
Common Stock issuable upon conversion of the Debentures, the Conversion Rate will be adjusted as provided in Section 8.05(d) hereof. If such rights have not separated, any shares of Class A Common Stock delivered upon the conversion of
Debentures shall be accompanied by such rights. 
 Section 8.12    Settlement Upon Conversion.
(a) Subject to Section 8.12 (b) hereof, upon any conversion of Debentures, the Company will deliver to converting Holders in respect of each $1,000 principal amount of Debentures being converted a “Settlement Amount”
equal to the sum of the Daily Settlement Amount for each of the 20 Trading Days during the Conversion Period. 
 “Daily Settlement
Amount”, for each $1,000 principal amount of Debentures, for each of the 20 Trading Days during the Conversion Period, shall consist of: 
  

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 (i) cash equal to the lesser of $50 and the Daily Conversion Value; and 
 (ii) to the extent the Daily Conversion Value exceeds $50, a number of shares of Class A Common Stock equal to, (A) the
difference between the Daily Conversion Value and $50, divided by (B) the Closing Sale Price of the Class A Common Stock for such day. 
 “Daily Conversion Value” means, for each of the 20 consecutive Trading Days during the Conversion Period, one-twentieth (1/20) of the product of (1) the applicable Conversion Rate and (2) the Closing Sale
Price of the Class A Common Stock (or the consideration into which the Class A Common Stock has been converted in connection with transactions to which Sections 8.01(a)(6) or 8.06 hereof are applicable) on such day. For the purposes of
determining the Daily Conversion Value the following provisions shall apply: (i) if the Applicable Consideration includes securities for which the price can be determined in a manner contemplated by the definition of “Closing Sale
Price,” then the value of such securities shall be determined in accordance with the principles set forth in such definition; (ii) if the Applicable Consideration includes other property (other than securities as to which clause
(i) applies or cash), then the value of such property shall be the fair market value of such property as determined by the Company’s Board of Directors in good faith; and (iii) if the Applicable Consideration includes cash, then the
value of such cash shall be the amount thereof. 
 (b) If a Holder converts Debentures pursuant to Section 8.01(a)(6) hereof, the Holder
shall receive per $1,000 principal amount of Debentures being converted: (1) cash equal to the lesser of (i) $1,000 and (ii) the Conversion Value and (2) if the Conversion Value exceeds $1,000, an amount of cash, securities and
other assets or property equal to such excess based on the consideration a Holder would have received had the Holder held a number of shares of Class A Common Stock based on the Conversion Rate immediately prior to the Fundamental Change, with
the Conversion Value based on the consideration received in such Fundamental Change, if applicable. 
 The Settlement Amount will be
delivered to converting Holders on the third Trading Day following the final Trading Day of the Conversion Period. 
 Article 9

 Discharge of Indenture 
 Notwithstanding Article 8 of the Base Indenture, the following Article 9 (and not Article 8 of the Base Indenture) shall apply for purposes of this First Supplemental Indenture and the Debentures. 
 Section 9.01    Discharge of Liability on Debentures. (a) When (i) the Company delivers to the Trustee all
outstanding Debentures (other than Debentures replaced pursuant to Section 2.8 of the Base Indenture) for cancellation or (ii) all outstanding Debentures have become due and payable, whether at maturity or as a result of the delivery of a
notice of redemption or upon a repurchase pursuant to Article 3 hereof, and the Company irrevocably deposits with the Trustee money sufficient to pay at maturity or upon redemption or repurchase all outstanding Debentures, including interest thereon
to maturity or such redemption or repurchase date (other than Debentures replaced pursuant to Section 2.8 of the Base Indenture), and any shares of Class A Common Stock or other property due in respect of converted Debentures, and if in
each such case the Company pays all other sums payable hereunder by the Company, then this First Supplemental Indenture shall, subject to Section 9.01(b), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge
of this Indenture on demand of the Company accompanied by an Officers’ Certificate and an Opinion of Counsel and at the cost and expense of the Company. 
 (b) Notwithstanding clause (a) above, the Company’s obligations in Sections 2.4, 2.5, 2.6, 2.7, 2.8, 2.9, 7.7 and 7.8 of the Base Indenture, in Sections 2.04 and 2.08 hereof and in this Article 9 shall
survive until the Debentures have been paid in full. Thereafter, the Company’s obligations in Section 7.7 of the Base Indenture and Sections 9.03 and 9.04 hereof shall survive. 
 Section 9.02     Application of Trust Money. The Trustee shall hold in trust money and any shares of Class A Common
Stock or other property due in respect of converted Debentures deposited with it pursuant to this Article 9. It shall apply the deposited money through the Paying Agent and in accordance with this Indenture to the 
  

 38 

 
payment of principal of and interest on the Debentures or, in the case of any shares of Class A Common Stock or other property due in respect of
converted Debentures, in accordance with this Indenture in relation to the conversion of Debentures pursuant to the terms hereof. 
 Section 9.03    Repayment to Company. The Trustee and the Paying Agent shall promptly turn over to the Company upon request any excess money or securities held by them at any time. 
 Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon written request any money held by them
for the payment of principal or interest and any shares of Class A Common Stock or other property due in respect of converted Debentures that remains unclaimed for two years, and, thereafter, Debentureholders entitled to the money and/or
securities must look to the Company for payment as general creditors. 
 Section 9.04    Reinstatement. If
the Trustee or Paying Agent is unable to apply any money or to deliver any shares of Class A Common Stock or other property due in respect of converted Debentures in accordance with this Article 9 by reason of any legal proceeding or by reason
of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Debentures shall be revived and reinstated as though no
deposit had occurred pursuant to this Article 9 until such time as the Trustee or Paying Agent is permitted to apply all such money and any shares of Class A Common Stock or other property due in respect of converted Debentures in accordance
with this Article 9; provided, however, that, if the Company has made any payment of interest on or principal of any Debentures because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the
Debentureholders of such Debentures to receive such payment from the money held by the Trustee or Paying Agent. 
 Section 9.05     Defeasance. Sections 8.3 and 8.4 of the Base Indenture shall not apply to the Debentures authorized and designated under this First Supplemental Indenture. 
 Article 10 
 Miscellaneous

 Section 10.01    Governing Law. This First Supplemental Indenture and the Debentures shall be
governed by, and construed in accordance with, the laws of the State of New York. 
 Section 10.02     No
Debenture Interest Created. Nothing in this First Supplemental Indenture or in the Debentures, express or implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, now in effect or
hereafter enacted and made effective, in any jurisdiction. 
 Section 10.03    Successors. All agreements of
the Company in this First Supplemental Indenture and the Debentures shall bind its successor. All agreements of the Trustee in this First Supplemental Indenture shall bind its successor. 
 Section 10.04    Counterparts. This First Supplemental Indenture may be executed in any number of counterparts and by the
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 Section 10.05    Severability. In case any provision in this First Supplemental Indenture or in the Debentures 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 10.06    Table of Contents, Headings, Etc. The table of contents, cross-reference sheet and headings of the Articles and Sections of this First Supplemental Indenture have been
inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 
  

 39 

 Section 10.07    Inconsistency. In the event of any inconsistency or
conflict between the Base Indenture and this First Supplemental Indenture, this First Supplemental Indenture shall govern. 
 Section 10.08    Calculations in Respect of Debentures. Except as explicitly stated herein, the Company will be responsible for making all calculations required pursuant to this First Supplemental Indenture,
including, without limitation, calculations with respect to determinations of the Conversion Price and Conversion Rate. The Company or its Agents shall make all such calculations in good faith and, absent manifest error, the Company’s
calculations shall be binding on the Holders. The Company shall provide a written schedule of such calculations to the Trustee and the Conversion Agent, and each of the Trustee and the Conversion Agent shall be entitled to rely upon the accuracy of
the Company’s calculations without responsibility for independent verification thereof. The Trustee shall forward a copy of such calculations to any Holder upon such Holder’s written request. 
 [SIGNATURE PAGE FOLLOWS] 
  

 40 

 IN WITNESS WHEREOF, the parties hereto have hereunto set their hands as of the date and year first above
written. 
  

			
	SUNPOWER CORPORATION
	
	             /Emmanuel T. Hernandez/

	Name:	 	Emmanuel T. Hernandez
	Title:	 	Chief Financial Officer
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	
	             /Lynn M. Steiner/

	Name:	 	Lynn M. Steiner
	Title:	 	Vice President

  

 41 

 EXHIBIT A 
 [FORM OF FACE OF SECURITY] 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. THIS SECURITY IS A GLOBAL 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 IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN
THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO
THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.1 
  

	 1
	 This paragraph should be included only if the Debenture is a Global Debenture.

 SUNPOWER CORPORATION 
 1.25% Senior Convertible Debentures due 2027 
  

			
	No. A1	  	CUSIP: 867652AA7
		  	ISIN: US867652AA76

 SunPower Corporation, a Delaware corporation, promises to pay to Cede & Co. or registered
assigns the principal amount of [            ] ($[            ].00) on February 15, 2027. 
 Interest Payment Dates: February 15 and August 15. 
 Record Dates: February 1 and August 1. 
 Reference is made to the further provisions of this
Debenture set forth on the reverse hereof, including, without limitation, provisions giving the Holder of this Debenture the right to convert this Debenture into cash and, if applicable, Class A Common Stock, on the terms and subject to the
limitations referred to on the reverse hereof and as more fully specified in the Indenture. Such further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Debenture shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been manually signed by
the Trustee or a duly authorized authenticating agent under the Indenture. 
 SIGNATURE PAGE FOLLOWS 

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

			
	SUNPOWER CORPORATION
		
	By:	 	/s/ Thomas H. Werner
	Name:	 	Thomas H. Werner
	Title:	 	Chief Executive Officer

  

			
		
	By:	 	/s/ Emmanuel T. Hernandez
	Name:	 	Emmanuel T. Hernandez
	Title:	 	Chief Financial Officer

 Trustee’s Certificate of Authentication: 
 This is one of the Debentures referred to in the within-mentioned Indenture. 
 Wells Fargo Bank, National Association, as Trustee 
  

							
		 		 		  	By:
				
		 		 		  	 Lynn M. Steiner

		 	Dated:	 	February 7, 2007	  	Authorized Signatory:

 [FORM OF REVERSE SIDE OF SECURITY] 
 SUNPOWER CORPORATION 
 1.25% Senior Convertible Debentures due 2027 

1.      Interest 
 SUNPOWER CORPORATION, a Delaware corporation (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called the “Company”), promises to pay interest on the principal amount of
this Debenture at the rate per annum shown above. The Company will pay interest semiannually on February 15 and August 15 of each year commencing on August 15, 2007. Interest on the Debentures will accrue from the most recent date to
which interest has been paid or, if no interest has been paid, from February 7, 2007. Interest will be computed on the basis of a 360-day year of twelve 30-day months. If a payment date is not a Business Day, payment will be made on the next
succeeding Business Day, and no additional interest will accrue in respect of such payment by virtue of the payment being made on such later date. 
 2.      Method of Payment 
 The Company will pay interest on the Debentures (except defaulted
interest) to the Persons who are registered holders of Debentures at the close of business on the February 1 and August 1 next preceding the interest payment date even if Debentures are canceled after the record date and on or before the
interest payment date, except as otherwise provided in the Indenture. Holders must surrender Debentures to a Paying Agent to collect principal payments. The Company will pay principal and interest in money of the United States of America that at the
time of payment is legal tender for payment of public and private debts. The Company shall pay interest (i) on any Global Debentures by wire transfer of immediately available funds to the account of the Depositary or its nominee, (ii) on
any Debentures in certificated form having a principal amount of less than $2,000,000, by check mailed to the address of the Person entitled thereto as it appears in the Register, provided, however, that at maturity interest will be payable
at the office of the Company maintained by the Company for such purposes, which shall initially be an office or agency of the Trustee (as defined below) and (iii) on any Debentures in certificated form having a principal amount of $2,000,000 or
more, by check or otherwise by wire transfer in immediately available funds at the election of the Holder of such Debentures duly delivered to the Trustee at least five Business Days prior to the relevant interest payment date, provided,
however, that at maturity interest will be payable at the office of the Company maintained by the Company for such purposes, which shall initially be an office or agency of the Trustee. 
 3.      Paying Agent, Registrar, Service Agent and Conversion Agent 
 Initially, Wells Fargo Bank, National Association, a national banking association (the “Trustee”), will act as Paying Agent, Registrar, Service
Agent and Conversion Agent. The Company may appoint and change any Paying Agent, Registrar or co-registrar, Service Agent or Conversion Agent without notice. The Company or any of its domestically incorporated Subsidiaries may act as Paying Agent,
Registrar or co-registrar, Service Agent or Conversion Agent. 
 4.      Indenture 
 The Company issued the Debentures under an Indenture dated as of February 7, 2007 (the “Base Indenture”), as supplemented by the First
Supplemental Indenture dated as of February 7, 2007 (the “First Supplemental Indenture” and together with the Base Indenture the “Indenture”), between the Company and the Trustee. The terms of the Debentures include those
stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture (the “TIA”). Terms defined in the
Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Debentures are subject to all such terms, and Debentureholders are referred to the Indenture and the TIA for a statement of those terms. 
 The Debentures are senior unsecured obligations of the Company. This Debenture is one of the Debentures referred to in the Indenture issued in an
aggregate principal amount of $200,000,000. The Indenture imposes limitations on the ability of the Company to consolidate or merge with or into any other Person or convey, transfer or lease all or substantially all of the property of the Company.

  

 1 

 5.      Optional Redemption 
 The Debentures will not be redeemable at the option of the Company prior to February 15, 2012. At any time on or after February 15, 2012, the
Debentures will be redeemable at the option of the Company, in whole or in part, on not less than 30 calendar days’ nor more than 60 calendar days’ prior notice, at a redemption price equal to 100% of the principal amount of the Debentures
being redeemed, plus accrued and unpaid interest to, but excluding, the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). 
 6.      Sinking Fund 
 The Debentures are not subject to any sinking fund. 
 7.      Notice of Redemption 
 Notice of redemption will be delivered at least 30 calendar days but not more than 60 calendar days before the redemption date to each Holder of
Debentures to be redeemed at his or her registered address. Debentures in denominations larger than $1,000 may be redeemed in part but only in whole multiples of $1,000. If money sufficient to pay the redemption price of and accrued interest on all
Debentures (or portions thereof) to be redeemed on the redemption date is deposited with the Paying Agent on or before the redemption date and certain other conditions are satisfied, on and after such date interest ceases to accrue on such
Debentures (or such portions thereof) called for redemption. 
 8.      Repurchase of Debentures at the Option of
Debentureholders 
 If a Fundamental Change occurs at any time prior to maturity of the Debentures, this Debenture will be subject to a
repurchase, at the option of the Holder, on a Fundamental Change Repurchase Date, specified by the Company, that is not less than 20 calendar days nor more than 35 calendar days after notice thereof, at a repurchase price equal to 100% of the
principal amount hereof, together with accrued and unpaid interest on this Debenture to, but excluding, the Fundamental Change Repurchase Date; provided that if such Fundamental Change Repurchase Date falls after a record date and on or prior
the corresponding interest payment date, the accrued and unpaid interest shall be payable to the Holder of record of this Debenture on the preceding February 1 or August 1, as the case may be. The Debentures submitted for repurchase must
be $1,000 in principal amount or whole multiples thereof. The Company shall deliver to all holders of record of the Debentures a notice of the occurrence of a Fundamental Change and of the repurchase right arising as a result thereof on or before
the fifth calendar day after the occurrence of such Fundamental Change. For Debentures to be so repurchased at the option of the Holder, the Holder must deliver to the Paying Agent in accordance with the terms of the Indenture, the Repurchase Notice
containing the information specified by the Indenture, together with such Debentures, duly endorsed for transfer, or (if the Debentures are Global Debentures) book-entry transfer of the Debentures, prior to 5:00 p.m., New York City time, on the
Fundamental Change Repurchase Date. The repurchase price must be paid in cash. 
 Subject to the terms and conditions of the Indenture, each
Holder shall have the right, at such Holder’s option, to require the Company to repurchase all or any portion of the Debentures held by such Holder, on February 15, 2012, February 15, 2017 and February 15, 2022 at a
repurchase price equal to 100% of the principal amount of this Debenture, together with any accrued and unpaid interest on this Debenture to, but excluding, the Repurchase Date, as provided in the Indenture. To exercise such right, a Holder shall
deliver to the Paying Agent the Repurchase Notice containing the information specified by the Indenture, together with the Debentures, duly endorsed for transfer, or (if the Debentures are Global Debentures) book-entry transfer of the Debentures, at
any time during the period from 9:00 a.m., New York City time, on the date that is 20 Business Days prior to the applicable Repurchase Date to 5:00 p.m., New York City time, on the applicable Repurchase Date. The repurchase price must be paid in
cash. 
  

 2 

 Holders have the right to withdraw any Repurchase Notice by delivering to the Paying Agent a written
notice of withdrawal at any time prior to 5:00 p.m., New York City time, on the Business Day immediately preceding the Fundamental Change Repurchase Date or on the Repurchase Date, as applicable, all as provided in the Indenture. 
 If cash sufficient to pay the repurchase price of and accrued and unpaid interest, if any, on all Debentures or portions thereof to be repurchased as of
the Fundamental Change Repurchase Date or Repurchase Date, as the case may be, is deposited with the Paying Agent, on the Business Day immediately following the Fundamental Change Repurchase Date or on the Repurchase Date, as the case may be, then
such Debentures will cease to be outstanding and interest will cease to accrue, and the Holder thereof shall have no other rights as such other than the right to receive the repurchase price upon delivery or book-entry transfer of such Debentures.

 9.      Conversion 
 Upon the occurrence of certain events specified in the Indenture and in compliance with the provisions of the Indenture, on or prior to the close of business on the Trading Day immediately preceding the Maturity Date
of this Debenture, the Holder hereof has the right, at its option, to convert each $1,000 principal amount of this Debenture into cash and, if applicable, Common Stock based on a Conversion Rate of 17.6211 shares of Common Stock per $1,000 principal
amount of Debentures (a Conversion Price of approximately $56.75 per share), as the same may be adjusted pursuant to the terms of the Indenture, as such shares shall be constituted at the date of conversion, upon surrender of this Debenture (if in
certificated form) with the form entitled “Conversion Notice” on the reverse hereof duly completed and manually signed, to the Company at the office or agency of the Company maintained for that purpose in accordance with the terms of the
Indenture, or at the option of such Holder, the Corporate Trust Office, together with any funds required pursuant to the terms of the Indenture, and, unless any shares issuable on conversion are to be issued in the same name as this Debenture, duly
endorsed by, or accompanied by instruments of transfer in form satisfactory to the Company duly executed by, the Holder or by such Holder’s duly authorized attorney. The Company will notify the Holder thereof of any event triggering the right
to convert the Debentures as specified above in accordance with the Indenture. In order to exercise the conversion right with respect to any interest in a Global Debenture, the Holder must complete the appropriate instruction form pursuant to the
Depositary’s book-entry conversion program, deliver by book-entry delivery an interest in such Global Debenture, furnish appropriate endorsements and transfer documents if required by the Company or the Trustee or Conversion Agent, and pay the
funds, if any, required pursuant to the terms of the Indenture. As specified in the Indenture, upon conversion, the Company will pay cash and shares of Class A Common Stock, if any, based on a Daily Conversion Value calculated on a
proportionate basis for each day of the 20 Trading-Day Conversion Period. 
 Prior to February 15, 2012, if and only to the extent
holders elect to convert the Debentures in connection with a Non-Stock Change of Control, the Company will increase the Conversion Rate applicable to such converting Debentures as set forth in the Indenture. 
 No adjustment in respect of interest on any Debentures converted or dividends on any shares issued upon conversion of such Debentures will be made upon
any conversion except as set forth in the next sentence. If this Debenture (or portion hereof) is surrendered for conversion during the period from the 5:00 p.m., New York City time, on any applicable Record Date for the payment of interest to 5:00
p.m., New York City time, on the Business Day preceding the corresponding Interest Payment Date, this Debenture (or portion hereof being converted) must be accompanied by payment, in immediately available funds or other funds acceptable to the
Company, of an amount equal to the interest otherwise payable on such Interest Payment Date on the principal amount being converted; provided, that no such payment shall be required (1) if the Holder surrenders this Debenture for
conversion in connection with a redemption and the Company has specified a redemption date that is after a Record Date and on or prior to the corresponding Interest Payment Date, (2) if the Holder surrenders this Debenture in connection with a
Fundamental Change and the Company has specified a Fundamental Change Repurchase Date that is after a Record Date and on or prior to the corresponding Interest Payment Date or (3) to the extent of any overdue interest, if any overdue interest
exists at the time of conversion with respect to this Debenture. 
  

 3 

 No fractional shares will be issued upon any conversion of Debentures, but an adjustment and payment in
cash will be made, as provided in the Indenture, in respect of any fraction of a share which would otherwise be issuable upon the surrender of any Debentures or Debentures for conversion. 
 A Debenture in respect of which a Holder is exercising its right to require repurchase may be converted only if such Holder validly withdraws its
election to exercise such right to require repurchase in accordance with the terms of the Indenture. 
 10.      Denominations, Transfer, Exchange 
 The Debentures are in registered form without
coupons in denominations of $1,000 and whole multiples of $1,000. A Debentureholder may transfer or exchange Debentures in accordance with the Indenture. Upon any transfer or exchange, the Registrar or the Company may require a Debentureholder,
among other things, to furnish appropriate endorsements or a written instrument or instruments of transfer in form satisfactory to the Company. Neither the Company, the Trustee nor the Registrar shall be required to exchange, issue or register a
transfer of (a) any Debentures for a period of 15 calendar days next preceding the date of mailing of a notice of redemption of Debentures selected for redemption, (b) Debentures or portions thereof called for redemption, except for the
unredeemed portion of Debentures being redeemed in part, (c) any Debentures or portions thereof surrendered for conversion pursuant to Article 8 of the First Supplemental Indenture, (d) any Debentures or portions thereof tendered for
repurchase (and not withdrawn) pursuant to Section 3.04 of the First Supplemental Indenture, or (e) any Debentures or portions thereof tendered for repurchase (and not withdrawn) pursuant to Section 3.05 of the First Supplemental
Indenture. 
 11.      Persons Deemed Owners 
 The registered Holder of this Debenture may be treated as the owner of it for all purposes. 
 12.      Unclaimed Money 
 Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon written request any money held by them for the payment of principal or interest and any shares of Class A Common Stock or
other property due in respect of converted Debentures that remains unclaimed for two years, and, thereafter, Debentureholders entitled to the money and/or securities must look to the Company for payment as general creditors. 
 13.      Amendment, Waiver 
 Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Debentures may be amended without prior notice to any Holder but with the written consent of the holders of at least a majority in aggregate principal
amount of the outstanding Debentures and (ii) any default or noncompliance with any provision may be waived with the written consent or affirmative vote of the holders of at least a majority in principal amount of the outstanding Debentures.
Without the consent of any Holder, the Company and the Trustee may amend the Indenture or the Debentures (i) to cure any ambiguity, defect or inconsistency, provided, that such modification or amendment does not adversely affect the
interests of the Holders in any material respect, provided, further, that any amendment made solely to conform the provisions of the Indenture or the Debentures to the description of the Debentures contained in the Prospectus
Supplement shall not be deemed to adversely affect the interests of the Holders; (ii) to comply with Article 5 of the First Supplemental Indenture; (iii) to provide for uncertificated Debentures in addition to or in place of certificated
Debentures; (iv) to make any change that does not adversely affect the rights of any Holder; (v) to evidence and provide for the acceptance of appointment by a successor Trustee with respect to the Debentures; (vi) to comply with
requirements of the SEC in order to effect or maintain the qualification of the Indenture under the TIA; (vii) to provide for conversion rights of Holders and the Company’s repurchase obligations in connection with a Fundamental Change in
the event of any reclassification of the Class A Common Stock, merger or consolidation, or sale, conveyance, transfer or lease of the Company’s property and assets substantially as an entity; (viii) to secure the Debentures;
(ix) to surrender any right or power conferred upon the Company in the Indenture; (x) to add to the covenants of the Company for the benefit of the Holders; (xi) to 

  

 4 

 
make any provision with respect to matters or questions arising under the Base Indenture, the First Supplemental Indenture or the Debentures that the Company
may deem necessary or desirable and that shall not be inconsistent with the Base Indenture or the First Supplemental Indenture or the Debentures, provided, that such change or modification does not, in the good faith opinion of the Board of
Directors, adversely affect the interests of the Holders in any material respect; (xii) to increase the Conversion Rate; and (xii) to add guarantees of the obligations under the Debentures. 
 14.      Defaults and Remedies 
 If an Event of Default occurs (other than an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of the Company) and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount
of the then-outstanding Debentures, by written notice to the Company and the Trustee, may declare due and payable 100% of the principal amount of all outstanding Debentures plus any accrued and unpaid interest to the date of payment. If an Event of
Default relating to certain events of bankruptcy, insolvency or reorganization of the Company occurs, all unpaid principal and accrued and unpaid interest on the outstanding Debentures shall become due and immediately payable without any declaration
or other act on the part of the Trustee or any Holder. Under certain circumstances, the Holders of a majority in aggregate principal amount of the outstanding Debentures may rescind and annul any such acceleration with respect to the Debentures and
its consequences. 
 If an Event of Default occurs and is continuing, the Trustee will be under no obligation to exercise any of the rights
or powers under the Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee reasonable indemnity or security against any loss, liability or expense. Subject to certain exceptions, no Holder may
pursue any remedy with respect to the Indenture or the Debentures unless (i) such Holder has previously given the Trustee notice that an Event of Default is continuing, (ii) holders of at least 25% in principal amount of the outstanding
Debentures have requested the Trustee in writing to pursue the remedy, (iii) such Holders have offered the Trustee reasonable security or indemnity against any loss, liability or expense, (iv) the Trustee has not complied with such request
within 60 days after the receipt of the request and the offer of indemnity and (v) the holders of a majority in principal amount of the outstanding Debentures have not given the Trustee a direction inconsistent with such request within such
60-day period. Subject to certain restrictions, the holders of a majority in principal amount of the outstanding Debentures are given the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee
or of exercising any trust or power conferred on the Trustee. Subject to the Indenture, the Trustee, however, may refuse to follow any direction if the Trustee, in good faith shall, by a Trust Officer of the Trustee, determine that the proceeding so
directed would involve the Trustee in personal liability. The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by the Indenture at the request, order or direction of any Holder pursuant to the provision of
the Indenture, unless such Holders shall have offered to the Trustee reasonably security or indemnity against the costs, expenses and liabilities which may be incurred therein or thereby. 
 No reference herein to the Indenture and no provision of this Debenture or of the Indenture shall impair, as among the Company and the Holder of the
Debentures, the obligation of the Company, which is absolute and unconditional, to pay the principal of, redemption price, Repurchase Price, Fundamental Repurchase Price, interest or make-whole premium, if any with respect of the Debenture at the
place, at the respective times, at the rate and in the coin or currency herein and in the Indenture prescribed. 
 15.      Trustee Dealings with the Company 
 Subject to certain limitations imposed by the
TIA, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Debentures and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with
the Company or its Affiliates with the same rights it would have if it were not Trustee. 
 16.      No Recourse Against
Others 
 A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the
Company under the Debentures or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Debentureholder by accepting a Debenture waives and releases all such liability. The waiver and release
are part of the consideration for the issue of the Debentures. 
  

 5 

 17.      Authentication 
 This Debenture shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Debenture. 
 18.      Abbreviations 
 Customary abbreviations may be used in the name of a Debentureholder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act). 
 19.      GOVERNING LAW 
 THIS DEBENTURE SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE
STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE INCLUDING, WITHOUT LIMITATION, SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 
 20.      CUSIP and ISIN Numbers 
 Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP and ISIN numbers to be printed on the Debentures and has directed the Trustee to
use CUSIP and ISIN numbers in notices of redemption as a convenience to Debentureholders. No representation is made as to the accuracy of such numbers either as printed on the Debentures or as contained in any notice of redemption and reliance may
be placed only on the other identification numbers placed thereon. 
 The Company will furnish to any Holder upon written request and
without charge to the Holder a copy of the Indenture which has in it the text of this Debenture. 
  

 6 

 CONVERSION NOTICE 
  

	TO:	SUNPOWER CORPORATION 

	    	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee 

 The
undersigned registered owner of this Debenture hereby irrevocably exercises the option to convert this Debenture, or the portion thereof (which is $1,000 or a multiple thereof) below designated, into, cash and shares of Common Stock of SunPower
Corporation, if any, in accordance with the terms of the Indenture referred to in this Debenture, and directs that the check in payment for cash and the shares, if any, issuable and deliverable upon such conversion, deliverable upon conversion or
for fractional shares and any Debentures representing any unconverted principal amount hereof, be issued and delivered to the registered holder hereof unless a different name has been indicated below. Capitalized terms used herein but not defined
shall have the meanings ascribed to such terms in the Indenture. If shares or any portion of this Debenture not converted are to be issued in the name of a person other than the undersigned, the undersigned will provide the appropriate information
below and pay all transfer taxes payable with respect thereto. Any amount required to be paid by the undersigned on account of interest accompanies this Debenture. 
 Dated:                                     

			
	  
	 	
		
	  
	 	
	Signature(s)	 	
	
	Signature(s) must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in
the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities
Exchange Act of 1934, as amended.
		
	  
	 	
	Signature Guarantee	 	

  

 7 

 Fill in the registration of shares of Common Stock, if any, if to be issued, and Debentures if to be
delivered, and the person to whom cash, if any, and payment for fractional shares is to be made, if to be made, other than to and in the name of the registered holder: 
 Please print name and address 
  
  

			
	  

		 	(Name)
	
	  

		 	(Street Address)
	
	  

		 	(City, State and Zip Code)
		
		 	Principal amount to be converted
		 	(if less than all):
		
	$	 	  

	
	  
  
 Social Security or Other Taxpayer
 Identification Number:
  
  

 NOTICE: The signature on this Conversion Notice must correspond with the name as written upon the face of the
Debentures in every particular without alteration or enlargement or any change whatever. 
  

 8 

 REPURCHASE NOTICE 
  

	TO:	SUNPOWER CORPORATION 

	    	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee 

 The
undersigned registered owner of this Debenture hereby irrevocably acknowledges receipt of a notice from SunPower Corporation (the “Company”) regarding the right of holders to elect to require the Company to repurchase the Debentures and
requests and instructs the Company to repay the entire principal amount of this Debenture, or the portion thereof (which is $1,000 or an integral multiple thereof) below designated, in accordance with the terms of the Indenture at the price of 100%
of such entire principal amount or portion thereof, together with accrued and unpaid interest to, but excluding, the Repurchase Date or the Fundamental Change Repurchase Date, as the case may be, to the registered holder hereof. Capitalized terms
used herein but not defined shall have the meanings ascribed to such terms in the Indenture. The Debentures shall be repurchased by the Company as of the Repurchase Date or the Fundamental Change Repurchase Date, as the case may be, pursuant to the
terms and conditions specified in the Indenture. 
 Dated:
                                     
  

			
	Signature(s):	 	  

		
		 	  

 NOTICE: The above signatures of the holder(s) hereof must correspond with the name as written upon the face
of the Debentures in every particular without alteration or enlargement or any change whatever. 
 Debentures Certificate Number (if
applicable):
                                        
         
 Principal amount to be repurchased (if less than all, must be $1,000 or whole multiples
thereof):
                                        
                         
 Social Security or Other Taxpayer Identification Number:                             

  

 9 

 ASSIGNMENT FORM 
 To assign this Debenture, fill in the form below: 
 I or we assign and transfer this Security to 
 (Insert assignee’s soc. sec. or tax I.D. no.) 
  
 (Print or type assignee’s name, address and zip code) and irrevocably appoint 
 Agent to transfer this Debenture on the books of the Company. The agent may substitute another to act for him or her. 
  

					
	Date:	  	Your
Signature:	  	
		  		  	 (Sign exactly as your name appears on the other
 side
of this Debenture)

			
	*Signature guaranteed by:	  		  	
			
	By:	  		  	

  

	*	The signature must be guaranteed by an institution which is a member of one of the following recognized signature guaranty programs: (i) the Securities Transfer Agent Medallion
Program (STAMP); (ii) the New York Stock Exchange Medallion Program (MSP); (iii) the Stock Exchange Medallion Program (SEMP); or (iv) such other guaranty program acceptable to the Trustee. 

  

 10 

 SCHEDULE OF INCREASES AND DECREASES IN GLOBAL DEBENTURE2 
 The following increases or decreases in this Global Debenture have been made: 
  

									
	Date	  	Amount of decrease
in Principal Amount
of this Global
Debenture
                        	  	Amount of increase in
Principal Amount of
this Global Debenture
                            	  	Principal Amount of
this Global Debenture
following such
decrease or increase
                            	  	Signature of
authorized signatory
of Trustee or
Securities Custodian
                            

  

 For Global Debentures only 
  

 11

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