Document:

EX-4.1

 Exhibit 4.1 

Execution Copy 
  

 
 Twenty-Third Supplemental
Indenture 
 Dated as of August 18, 2014 

Supplement to the Amended and Restated Indenture 

Dated as of April 22, 2005 
  

 
 PACIFIC GAS
AND ELECTRIC COMPANY 
 Issuer 

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

 
  

 

 TABLE OF CONTENTS 

 

											
	 	 	 	 	 	 	 	  	Page	 
			
	 ARTICLE I
	 	 DEFINITIONS
	  	 	2	  
			
	 ARTICLE II
	 	 ESTABLISHMENT OF THE 3.40% SENIOR NOTES
	  	 	4	  
				
		 	 SECTION 201
	 	 Establishment and Designation of the 3.40% Senior Notes
	  	 	4	  
				
		 	 SECTION 202
	 	 Form of the 3.40% Senior Notes
	  	 	4	  
				
		 	 SECTION 203
	 	 Principal Amount of the 3.40% Senior Notes
	  	 	4	  
				
		 	 SECTION 204
	 	 Interest Rates; Stated Maturity of the 3.40% Senior Notes
	  	 	4	  
				
		 	 SECTION 205
	 	 No Sinking Fund
	  	 	5	  
				
		 	 SECTION 206
	 	 Paying Agent and Bond Registrar
	  	 	5	  
				
		 	 SECTION 207
	 	 Global Securities; Appointment of Depositary for Global Securities
	  	 	5	  
				
		 	 SECTION 208
	 	 Other Terms of the 3.40% Senior Notes
	  	 	5	  
			
	 ARTICLE III
	 	 OPTIONAL REDEMPTION BY COMPANY
	  	 	6	  
				
		 	 SECTION 301
	 	 Optional Redemption of 3.40% Senior Notes
	  	 	6	  
				
		 	 SECTION 302
	 	 Calculation of Redemption Price
	  	 	6	  
				
		 	 SECTION 303
	 	 Notice of Redemption
	  	 	6	  
			
	 ARTICLE IV
	 	 REOPENING OF 4.75% SENIOR NOTES
	  	 	7	  
			
	 ARTICLE V
	 	 MISCELLANEOUS
	  	 	7	  
				
		 	 SECTION 501
	 	 Application of Twenty-Third Supplemental Indenture
	  	 	7	  
				
		 	 SECTION 502
	 	 Effective Date of Twenty-Third Supplemental Indenture
	  	 	7	  
				
		 	 SECTION 503
	 	 Counterparts
	  	 	7	  
		
	 EXHIBIT A
	  			
	 EXHIBIT B
	  			

  
 i 

 TWENTY-THIRD SUPPLEMENTAL INDENTURE, dated as of August 18, 2014 (this
“Twenty-Third Supplemental Indenture”), by and between PACIFIC GAS AND ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of California (the “Company” or the “Issuer”), and
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized and existing under the laws of the United States of America (formerly known as The Bank of New York Trust Company, N.A.), as Trustee under the Base
Indenture (as hereinafter defined) (the “Trustee”). 
 RECITALS OF THE COMPANY 

A. The Company and the Trustee are parties to that certain Amended and Restated Indenture, dated as of April 22, 2005 (the “Base
Indenture”), as supplemented by the First Supplemental Indenture, dated as of March 13, 2007 (the “First Supplemental Indenture”), the Second Supplemental Indenture, dated as of December 4, 2007 (the “Second
Supplemental Indenture”), the Third Supplemental Indenture, dated as of March 3, 2008 (the “Third Supplemental Indenture”), the Fourth Supplemental Indenture, dated as of October 21, 2008 (the “Fourth Supplemental
Indenture”), the Fifth Supplemental Indenture, dated as of November 18, 2008 (the “Fifth Supplemental Indenture”), the Sixth Supplemental Indenture, dated as of March 6, 2009 (the “Sixth Supplemental Indenture”),
the Seventh Supplemental Indenture, dated as of June 11, 2009 (the “Seventh Supplemental Indenture”), the Eighth Supplemental Indenture, dated as of November 18, 2009 (the “Eighth Supplemental Indenture”), the Ninth
Supplemental Indenture, dated as of April 1, 2010 (the “Ninth Supplemental Indenture”), the Tenth Supplemental Indenture, dated as of September 15, 2010 (the “Tenth Supplemental Indenture”), the Eleventh Supplemental
Indenture, dated as of October 12, 2010 (the “Eleventh Supplemental Indenture”), the Twelfth Supplemental Indenture, dated as of November 18, 2010 (the “Twelfth Supplemental Indenture”), the Thirteenth Supplemental
Indenture, dated as of May 13, 2011 (the “Thirteenth Supplemental Indenture”), the Fourteenth Supplemental Indenture, dated as of September 12, 2011 (the “Fourteenth Supplemental Indenture”), the Fifteenth Supplemental
Indenture, dated as of November 22, 2011 (the “Fifteenth Supplemental Indenture”), the Sixteenth Supplemental Indenture, dated as of December 1, 2011 (the “Sixteenth Supplemental Indenture”), the Seventeenth
Supplemental Indenture, dated as of April 16, 2012 (the “Seventeenth Supplemental Indenture”), the Eighteenth Supplemental Indenture, dated as of August 16, 2012 (the “Eighteenth Supplemental Indenture”), the Nineteenth
Supplemental Indenture, dated as of June 14, 2013 (the “Nineteenth Supplemental Indenture”), the Twentieth Supplemental Indenture, dated as of November 12, 2013 (the “Twentieth Supplemental Indenture”), the Twenty-First
Supplemental Indenture, dated as of February 21, 2014 (the “Twenty-First Supplemental Indenture”), the Twenty-Second Supplemental Indenture, dated as of May 12, 2014 (the “Twenty-Second Supplemental Indenture”), and
this Twenty-Third Supplemental Indenture (this “Twenty-Third Supplemental Indenture,” and together with the Base Indenture, the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth
Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, the Seventh Supplemental Indenture, the Eighth Supplemental Indenture, the Ninth Supplemental Indenture, the Tenth Supplemental Indenture, the Eleventh
Supplemental Indenture, the Twelfth Supplemental Indenture, the Thirteenth Supplemental Indenture, the Fourteenth Supplemental Indenture, the Fifteenth Supplemental Indenture, the Sixteenth Supplemental Indenture, the Seventeenth Supplemental
Indenture, the Eighteenth Supplemental Indenture, the Nineteenth Supplemental Indenture, the Twentieth Supplemental 

 
Indenture, the Twenty-First Supplemental Indenture and the Twenty-Second Supplemental Indenture, the “Indenture”), which supplements, amends and restates that certain Indenture of
Mortgage, dated as of March 11, 2004, as supplemented by the First Supplemental Indenture thereto, dated as of March 23, 2004 and the Second Supplemental Indenture thereto, dated as of April 12, 2004, providing for the issuance by the
Company of an unlimited number of series of Bonds (as defined in the Base Indenture) from time to time. 
 B. Under the Base Indenture, the
Company is authorized to establish one or more series of Bonds at any time in accordance with and subject to the provisions of the Base Indenture, and the terms of such series of Bonds may be described by a supplemental indenture executed by the
Company and the Trustee. 
 C. The execution and delivery of this Twenty-Third Supplemental Indenture has been authorized by a Board
Resolution (as defined in the Base Indenture). 
 D. Concurrent with the execution hereof, the Company has caused its counsel to deliver to
the Trustee an Opinion of Counsel (as defined in the Base Indenture) pursuant to Section 13.03 of the Base Indenture, together with the documents required under Article V of the Base Indenture. 

E. The Company has done all things necessary to make this Twenty-Third Supplemental Indenture a valid agreement of the Company, in accordance
with its terms. 
 NOW, THEREFORE, the Company and the Trustee agree, for the benefit of each other and for the equal and proportionate
benefit of Holders of the 3.40% Senior Notes and the 4.75% Senior Notes (both as defined below) with respect to all provisions herein applicable to each such series of notes, as follows: 

ARTICLE I 
 DEFINITIONS

 Unless the context otherwise requires, capitalized terms used but not defined herein have the meaning set forth in the Indenture. The
following additional terms are hereby established for purposes of this Twenty-Third Supplemental Indenture and shall have the meanings set forth in this Twenty-Third Supplemental Indenture only for purposes of this Twenty-Third Supplemental
Indenture: 
 “3.40% Senior Notes” has the meaning set forth in Section 201 hereto. 

“4.75% Senior Notes” has the meaning set forth in Article IV hereto. 

“Adjusted Treasury Rate” means, with respect to any Redemption Date for any 3.40% Senior Note, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption
Date.  

  
 2 

 “Comparable Treasury Issue” means the United States Treasury security
selected by the Quotation Agent as having a maturity comparable to the remaining term of the 3.40% Senior Notes to be redeemed that would be used, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of the 3.40% Senior Notes to be redeemed. 

“Comparable Treasury Price” means, with respect to any Redemption Date for any 3.40% Senior Note, (1) the average
of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest of the Reference Treasury Dealer Quotations or (2) if the Company obtains fewer than four Reference Treasury Dealer Quotations, the
average of all Reference Treasury Dealer Quotations so received. 
 “Primary Treasury Dealer” means a primary
U.S. Government Securities dealer in the United States.  
 “Quotation Agent” means the Reference Treasury
Dealer appointed by the Company. 
 “Redemption Price” means the price at which 3.40% Senior Notes may be
redeemed pursuant to Section 301(a) hereto, as applicable. 
 “Reference Treasury Dealer” means
(1) each of Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, and their respective successors, unless any of them ceases to be a Primary
Treasury Dealer, in which case the Company shall substitute another Primary Treasury Dealer; and (2) any other Primary Treasury Dealer selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date,
the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by that Reference Treasury Dealer at 5:00
p.m., New York City time, on the third Business Day preceding such Redemption Date. For purposes of this definition only, “Business Day” means any day that is not a day on which banking institutions in New York City are
authorized or required by law or regulation to close. 
 “Remaining Scheduled Payments” means, with respect
to each of the 3.40% Senior Notes that the Company is redeeming pursuant to Section 301 hereto, the remaining scheduled payments of principal and interest that would be due after the applicable Redemption Date if such 3.40% Senior Notes were
not redeemed. However, if the Redemption Date is not a scheduled Interest Payment Date with respect to such 3.40% Senior Notes, the amount of the next succeeding scheduled interest payment on such 3.40% Senior Notes will be reduced by the amount of
interest accrued on such 3.40% Senior Notes to the Redemption Date. 
 “Senior Notes” means the 3.40% Senior
Notes or the 4.75% Senior Notes, as the context may require. 
 “U.S. Government Securities” means securities
which are (a) direct obligations of the United States of America for the payment on which its full faith and credit is pledged or (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of 

  
 3 

 
the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation of the United States of America, and which in the case of (a) and
(b) are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Security or a specific payment of
interest on or principal of any such U.S. Government Security held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the
amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Security evidenced by such depository receipt. 

 
  

The words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Twenty-Third
Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. 
 ARTICLE II 

ESTABLISHMENT OF THE 3.40% SENIOR NOTES 

SECTION 201 Establishment and Designation of the 3.40% Senior Notes. 

Pursuant to the terms hereof and Section 3.01 of the Indenture, the Company hereby establishes a forty-sixth series of Bonds designated
as the “3.40% Senior Notes due August 15, 2024” (the “3.40% Senior Notes”). The 3.40% Senior Notes may be reopened, from time to time, for issuances of additional Bonds of such series, and any additional Bonds issued and
comprising 3.40% Senior Notes shall have identical terms as the 3.40% Senior Notes, except that the issue price, issue date and, in some cases, the first Interest Payment Date may differ. 

SECTION 202 Form of the 3.40% Senior Notes. 

The 3.40% Senior Notes shall be issued in the form of one or more Global Bonds in substantially the form set forth in Exhibit A
hereto. 
 SECTION 203 Principal Amount of the 3.40% Senior Notes. 

The 3.40% Senior Notes shall be issued in an initial aggregate principal amount of $350,000,000. 

SECTION 204 Interest Rates; Stated Maturity of the 3.40% Senior Notes; Minimum Denomination. 

The 3.40% Senior Notes shall bear interest at the rate of 3.40% per annum and shall have a Stated Maturity of August 15, 2024. 

The 3.40% Senior Notes are issuable in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. 

  
 4 

 SECTION 205 No Sinking Fund. 

No sinking fund is provided for the 3.40% Senior Notes. 

SECTION 206 Paying Agent and Bond Registrar. 

The Trustee is hereby appointed as initial Paying Agent and initial Bond Registrar for the 3.40% Senior Notes. The Place of Payment of the
3.40% Senior Notes shall be the Corporate Trust Office of the Trustee. 
 SECTION 207 Global Securities; Appointment of
Depositary for Global Securities. 
 The 3.40% Senior Notes shall be issued in the form of one or more
permanent Global Bonds as provided in Section 3.13 of the Indenture and deposited with, or on behalf of, the Depositary, or with the Trustee, as custodian for the Depositary, duly executed by the Company and authenticated by the Trustee. 

The Company hereby initially appoints The Depository Trust Company (“DTC”) to act as the Depositary with respect to all 3.40% Senior
Notes, and the 3.40% Senior Notes shall initially be registered in the name of Cede & Co., as the nominee of DTC. 
 The Company
and DTC have executed a Blanket Letter of Representations, and the Trustee is hereby authorized in connection with any successor nominee for DTC or any successor Depositary, to enter into appropriate or comparable arrangements, if necessary, and
shall have the same rights with respect to its actions thereunder as it has with respect to its actions under the Indenture. 
 None of the
Company, the Trustee, any Paying Agent or any Bond Registrar will have any responsibility or liability for any aspect of Depositary records relating to, or payments made on account of, beneficial ownership interests in a Global Bond or for
maintaining, supervising or reviewing any Depositary records relating to such beneficial ownership interests, or for transfers of beneficial interests in the Bonds or any transactions between the Depositary and beneficial owners. 

SECTION 208 Other Terms of the 3.40% Senior Notes. 

The other terms of the 3.40% Senior Notes shall be as expressly set forth herein and in Exhibit A. 

  
 5 

 ARTICLE III 

OPTIONAL REDEMPTION BY COMPANY 

SECTION 301 Optional Redemption of 3.40% Senior Notes. 

(a) Subject to the terms and conditions of the Indenture, at any time prior to May 15, 2024 (the date that is three months prior to the
Maturity Date), the 3.40% Senior Notes are redeemable at the option of the Company in whole or in part at a redemption price equal to the greater of: 

(i) 100% of the principal amount of the 3.40% Senior Notes to be redeemed; or 

(ii) as determined by the Quotation Agent, the sum of the present values of the Remaining Scheduled Payments of principal and
interest on the 3.40% Senior Notes to be redeemed (not including any portion of payments of interest accrued as of the Redemption Date), calculated as if the Maturity Date of such 3.40% Senior Notes was May 15, 2024 (the date that is three
months prior to the Maturity Date), discounted to the Redemption Date on a semiannual basis at the Adjusted Treasury Rate, plus 15 basis points; 
 plus, in
either of the above cases, accrued and unpaid interest thereon to but not including the Redemption Date. 
 (b) Subject to the terms and
conditions of the Indenture, at any time on or after May 15, 2024 (the date that is three months prior to the maturity date), the 3.40% Senior Notes are redeemable at the option of the Company in whole or in part at 100% of the principal amount
of the 3.40% Senior Notes to be redeemed, plus accrued and unpaid interest thereon to but not including the Redemption Date. 
 (c) The
Redemption Price shall be calculated assuming a 360-day year consisting of twelve 30-day months. 
 SECTION 302 Calculation of
Redemption Price. The Company shall calculate the Redemption Price for the redemption of any 3.40% Senior Notes pursuant to Section 301, and notify the Trustee of such Redemption Price before it sends the amount of the Redemption Price
to the Trustee or any Paying Agent. 
 SECTION 303 Notice of Redemption. Notice of any redemption pursuant to Section 301
shall be given to Holders of the Senior Notes not less than ten (10) days nor more than sixty (60) days prior to the Redemption Date in the manner set forth in Section 6.04 of the Indenture; provided, however, that such notice need
not state the dollar amount of the Redemption Price if such dollar amount has not been determined as of the date such notice is being given to the Holders of the 3.40% Senior Notes being redeemed. Notwithstanding Section 6.02 of the Indenture,
if the Company elects to redeem the 3.40% Senior Notes pursuant to Section 301 hereof, it shall give written notice to the Trustee of such Redemption Date and of the principal amount of the 3.40% Senior Notes to be redeemed at least twenty
(20) days prior to the redemption date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee). 

  
 6 

 ARTICLE IV 

REOPENING OF 4.75% SENIOR NOTES 

Pursuant to the Section 301 of the Twenty-First Supplemental Indenture, the 4.75% series of Bonds established by said section and
designated as the “4.75% Senior Notes due February 15, 2044” (the “4.75% Senior Notes”) is reopened and additional Bonds comprising part of such series shall be issued in the aggregate principal amount of $225,000,000 and
shall be issued in the form of one or more Global Bonds in substantially the form set forth in Exhibit B hereto. As a result of the further issuance of $225,000,000 aggregate principal amount of Bonds of the forty-fourth series on August 18,
2014, the issued amount of Bonds of such series now totals $675,000,000. 
 ARTICLE V 

MISCELLANEOUS 
 SECTION
501 Application of Twenty-Third Supplemental Indenture. 
 Except as provided in Section 501 hereof,
each and every term and condition contained in this Twenty-Third Supplemental Indenture that modifies, amends or supplements the terms and conditions of the Indenture shall apply only to the 3.40% Senior Notes and the 4.75% Senior Notes established
hereby, as applicable, and not to any other series of Bonds established under the Indenture. Except as specifically amended and supplemented by, or to the extent inconsistent with, this Twenty-Third Supplemental Indenture, the Indenture shall remain
in full force and effect and is hereby ratified and confirmed. 
 SECTION 502 Effective Date of Twenty-Third Supplemental
Indenture. 
 This Twenty-Third Supplemental Indenture shall be effective upon the execution and delivery hereof by each of the
parties hereto. 
 SECTION 503 Counterparts. 

This Twenty-Third Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an
original, but all such counterparts shall together constitute but one and the same instrument. 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have caused this Twenty-Third Supplemental Indenture to be
duly executed by their respective officers hereunto duly authorized, all as of the day and year first above written. 
  

			
	PACIFIC GAS AND ELECTRIC COMPANY,
		 	as Issuer
		
	By:	 	 /s/ Nicholas M. Bijur

	Name:	 	Nicholas M. Bijur
	Title:	 	Vice President and Treasurer
	
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

		 	as Trustee
		
	By:	 	 /s/ Melonee Young

	Name:	 	Melonee Young
	Title:	 	Vice President

 Signature Page to Twenty-Third Supplemental Indenture 

 EXHIBIT A 

FORM OF 3.40% SENIOR NOTES DUE AUGUST 15, 2024 

THIS SENIOR NOTE IS A BOND AND A GLOBAL BOND WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A
DEPOSITARY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SENIOR NOTES IN DEFINITIVE FORM, THIS SENIOR NOTE 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. 

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

					
	PRINCIPAL AMOUNT:	 	ORIGINAL ISSUE DATE:	 	INTEREST RATE: 3.40% per annum
	$350,000,000	 	August 18, 2014	 	
			
	MATURITY DATE:	 	INTEREST PAYMENT DATES:	 	THIS SENIOR NOTE IS A:
			
	August 15, 2024	 	February 15 and August 15, commencing	 	x Global Book-Entry Bond
		 	February 15, 2015	 	 ̈ Certificated Bond
			
	REGISTERED OWNER: Cede & Co., as nominee of The Depository Trust Company	 		 	

  
 A-1 

 PACIFIC GAS AND ELECTRIC COMPANY 

3.40% SENIOR NOTES DUE AUGUST 15, 2024 

(Fixed Rate) 
  

			
	No. R-1	  	Principal Amount:  $350,000,000
	CUSIP No: 694308 HK6	  	

 PACIFIC GAS AND ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of
California (herein called the “Company,” which term includes any successor Person pursuant to the applicable provisions of the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., as
nominee for The Depository Trust Company, or registered assigns, the Principal Amount stated above on the Maturity Date stated above, and to pay interest thereon from and including the Original Issue Date stated above or, in the case of a 3.40%
Senior Note due August 15, 2024 issued upon the registration of transfer or exchange, from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on the Interest
Payment Dates set forth above and on the Maturity Date stated above, commencing February 15, 2015 at the rate of 3.40% per annum until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid
or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this 3.40% Senior Note due August 15, 2024 (this “Senior Note,” and together with all other 3.40% Senior Notes
due August 15, 2024, the “Senior Notes”) (or one or more Predecessor Bonds) is registered at the close of business on the Regular Record Date for such interest, which shall be the 15th day preceding such Interest Payment Date;
provided, however, that interest payable at the Maturity Date or on a Redemption Date will be paid to the Person to whom principal is payable. Any such interest not so punctually paid or duly provided for will forthwith cease to be
payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Senior Note (or one or more Predecessor Bonds) is registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Senior Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements
of the Indenture and any securities exchange, if any, on which the Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in said Indenture. 

Payments of interest on this Senior Note will include interest accrued to but excluding the respective Interest Payment Dates. Interest
payments for this Senior Note shall be computed and paid on the basis of the 360-day year of twelve 30-day months and will accrue from August 18, 2014 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for. In the event that any date on which interest is payable on this Senior Note (other than the Maturity Date) is not a Business Day then payment of the interest payable on such date will be made on the next succeeding day that is a
Business Day (and without any interest or payment in respect of any such delay) with the same force and effect as if made on the 

  
 A-2 

 
date the payment was originally payable. If the Maturity Date falls on a day that is not a Business Day, the payment of principal, premium, if any, and interest may be made on the next succeeding
Business Day, and no interest on such payment shall accrue for the period from and after maturity. 
 Payment of principal of, premium, if
any, and interest on Senior Notes shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any, and interest on
the Senior Notes represented by a Global Bond shall be made by wire transfer of immediately available funds to the Holder of such Global Bond, provided that, in the case of payments of principal and premium, if any, such Global Bond is first
surrendered to the Paying Agent. If any of the Senior Notes are no longer represented by a Global Bond, (i) payments of principal, premium, if any, and interest due on the Maturity Date or earlier redemption of such Senior Notes shall be made
at the office of the Paying Agent upon surrender of such Senior Notes to the Paying Agent, and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, (A) by check mailed to the
address of the Person entitled thereto as such address shall appear in the Bond Register or (B) by wire transfer to registered Holders of at least $10,000,000 in principal amount of Senior Notes at such place and to such account at a banking
institution in the United States as such Holders may designate in writing to the Trustee at least sixteen (16) days prior to the date for payment. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SENIOR NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL
PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be
duly executed. 
 Dated:             , 2014 

 

					
	PACIFIC GAS AND ELECTRIC COMPANY
		
	By:	 	  

		 	Name:	 	Kent M. Harvey
		 	Title:	 	Senior Vice President, Financial Services
		
	By:	 	  

		 	Name:	 	Nicholas M. Bijur
		 	Title:	 	Vice President and Treasurer

  
 A-4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This Senior Note is one of the Bonds of the series designated as Bonds of the Forty-Sixth Series referred to in the within-mentioned
Indenture. 
 Dated:             , 2014 

 

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., As Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 A-5 

 Reverse of Senior Note 

This 3.40% Senior Note due August 15, 2024 is one of a duly authorized issue of Bonds of the Company, issued and issuable in one or more
series under an Amended and Restated Indenture, dated as of April 22, 2005 (the “Base Indenture”), as heretofore supplemented and as further supplemented by a Seventh Supplemental Indenture, dated as of June 11, 2009, a Twentieth
Supplemental Indenture, dated as of November 12, 2013 and a Twenty-Third Supplemental Indenture, dated as of August 18, 2014 (as so supplemented, and together with all additional indentures supplemental thereto, and any constituent
instruments establishing the terms of particular Bonds, being herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (formerly The Bank of New York Trust Company, N.A.), as Trustee (herein
called the “Trustee,” which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a description of the respective rights, limitations of rights, duties and immunities of the Company,
the Trustee and the Holders of Bonds thereunder and of the terms and conditions upon which Bonds are, and are to be, authenticated and delivered. This Senior Note is a Bond within the meaning of the Indenture and is one of the Bonds of the
forty-sixth series designated as the 3.40% Senior Notes due August 15, 2024 established by the Company under the Indenture. The acceptance of this Senior Note shall be deemed to constitute the consent and agreement by the Holder hereof to all
of the terms and provisions of the Indenture. 
 Subject to the terms and conditions of the Indenture, the Senior Notes are redeemable at
the option of the Company (“Optional Redemption”), in whole or in part, (a) at any time prior to May 15, 2024 (the date that is three months prior to the Maturity Date) at a Redemption Price equal to the greater of: 

(i) 100% of the principal amount of the Senior Notes to be redeemed; or 

(ii) as determined by the Quotation Agent, the sum of the present values of the Remaining Scheduled Payments of principal and
interest on the 3.40% Senior Notes to be redeemed (not including any portion of payments of interest accrued as of the Redemption Date), calculated as if the Maturity Date of such 3.40% Senior Notes was May 15, 2024 (the date that is three
months prior to the Maturity Date), discounted to the Redemption Date on a semiannual basis at the Adjusted Treasury Rate, plus 15 basis points; 
 plus, in
either of the above cases, accrued and unpaid interest thereon to but not including the Redemption Date; and (b) at any time on or after May 15, 2024 (the date that is three months prior to the Maturity Date) at 100% of the principal
amount of the Senior Notes to be redeemed, plus accrued and unpaid interest thereon to but not including the Redemption Date. 
 Interest
installments whose Stated Maturity is on or prior to such Redemption Date will be payable to Holders of such Senior Notes, or one or more Predecessor Bonds, of record at the close of business on the relevant Record Dates referred to on the face
hereof, all as provided in the Indenture. 

  
 A-6 

 In the case of an Optional Redemption, notice of redemption will be in writing and mailed
first-class postage-prepaid not less than 10 days nor more than 60 days prior to the Redemption Date to each Holder of Senior Notes to be redeemed at the Holder’s registered address; provided, however, that such notice need not state the dollar
amount of the Redemption Price if such dollar amount has not been determined as of the date such notice is being given to the Holders of the Senior Notes being redeemed. If money sufficient to pay the Redemption Price of all Senior Notes (or
portions thereof) to be redeemed on the Redemption Date is deposited with the Paying Agent or the Trustee on or prior to the Redemption Date, from and after such Redemption Date such Senior Notes or portions thereof shall cease to bear interest.
Senior Notes in denominations larger than $2,000 in principal amount may be redeemed in part but only in integral multiples of $1,000. 
 In
the event of redemption of this Senior Note in part only, a new Senior Note or Senior Notes of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the surrender hereof. 

As provided in the Indenture and subject to certain limitations therein set forth, this Senior Note or any portion of the principal amount
hereof will be deemed to have been paid for all purposes of the Indenture and to be no longer Outstanding thereunder, and the Company’s entire indebtedness in respect thereof will be satisfied and discharged, if there has been irrevocably
deposited with the Trustee or any Paying Agent (other than the Company), in trust, money in an amount which will be sufficient and/or Eligible Obligations, the principal of and interest on which when due, without regard to any reinvestment thereof,
will provide moneys which, together with money, if any, deposited with or held by the Trustee or such Paying Agent, will be sufficient to pay when due the principal of and premium, if any, and interest on this Senior Note when due. 

If an Event of Default shall occur and be continuing, the Trustee or the Holders of not less than 33% in aggregate principal amount of the
Outstanding Bonds, considered as one class, may declare the principal amount of all Bonds then Outstanding to be due and payable immediately by notice in writing to the Company (and to the Trustee if given by Holders); provided, however, that with
respect to certain Events of Default relating to bankruptcy, insolvency and similar events, the principal amount of all Bonds then Outstanding shall be due and payable immediately without further action by the Trustee or the Holders. 

The Indenture permits, with certain exceptions as therein provided, the Company and the Trustee to enter into one or more supplemental
indentures for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture with the consent of the Holders of not less than a majority in aggregate principal amount of the Bonds at the
time Outstanding, considered as one class; provided, however, that if there shall be Bonds of more than one series Outstanding under the Indenture and if a proposed supplemental indenture shall directly affect the rights of the Holders of Bonds of
one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Bonds of all series so directly affected, considered as one class, shall be required; and provided,
further, that if the Bonds of any series shall have been issued in more than one Tranche and if a proposed supplemental indenture shall directly affect the rights of the Holders of Bonds of one or more, but less than all, of such Tranches, then the
consent only of the 

  
 A-7 

 
Holders of a majority in aggregate principal amount of the Outstanding Bonds of all Tranches so directly affected, considered as one class, shall be required; and provided, further, that the
Indenture permits the Company and the Trustee to enter into one or more supplemental indentures for certain purposes without the consent of any Holders of Bonds. The Indenture also contains provisions permitting the Holders of a majority in
aggregate principal amount of Bonds, on behalf of the Holders of all such Bonds, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Senior Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Senior Note and of any Senior Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this
Senior Note. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Senior Note shall not have the right to
institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default,
the Holders of at least 33% in aggregate principal amount of the Bonds at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable
indemnity, and the Trustee shall not have received from the Holders of at least a majority in aggregate principal amount of Bonds at the time Outstanding a direction inconsistent with such written request, and shall have failed to institute any such
proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Senior Note for the enforcement of any payment of principal hereof or any premium or
interest hereon on or after the respective due dates expressed herein. 
 No reference herein to the Indenture and no provision of this
Senior Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Senior Note at the times, place and rate, and in the coin or
currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this
Senior Note is registrable in the Bond Register, upon surrender of this Senior Note for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Senior Note are payable,
duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Bond Registrar, as the case may be, duly executed by the Holder hereof or such Holder’s attorney duly authorized in
writing, and thereupon one or more new Senior Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Senior Notes are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000 in excess
thereof. As provided in the Indenture and subject to certain limitations therein set forth, Senior Notes are exchangeable for a like aggregate principal amount of Senior Notes and of like tenor of a different authorized denomination, as requested by
the Holder surrendering the same. 

  
 A-8 

 No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 The
Company shall not be required to execute or to provide for the registration of the transfer of or the exchange of (A) any Senior Note of this series during a period of 15 days immediately preceding the date notice is to be given identifying the
serial numbers of the Senior Notes called for redemption, or (B) any Senior Note selected for redemption in whole or in part, except the unredeemed portion of any Senior Note being redeemed in part. 

Prior to due presentment of this Senior Note for registration of transfer, the Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Senior Note is registered as the owner hereof for all purposes, whether or not this Senior Note is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 This Senior Note shall be governed by, and construed and enforced in accordance with, the laws of the State of California
without regard to the principles of conflicts of laws thereunder, except to the extent that the Trust Indenture Act shall be applicable. 

As provided in the Indenture, no recourse shall be had for the payment of the principal of, premium, if any, or interest with respect to this
Senior Note, or any part thereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, against any incorporator, shareholder,
officer or director, as such, past, present or future, of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional
provision, statute or rule of law or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that the Indenture and all the Bonds are solely corporate obligations and that any such personal liability is
hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of the Indenture and the issuance of this Senior Note. 

All terms used in this Senior Note which are not defined herein shall have the meanings assigned to them in the Indenture. 

  
 A-9 

 ASSIGNMENT FORM 

To assign this Senior Note, fill in the form below: (I) or (we) assign and transfer this Senior Note to 

 
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name, address and zip
code) 
  

			
	and irrevocably appoint	 	  

	to transfer this Senior Note on the books of the Company. The agent may substitute another to act for him.

  
  

Date:                      

 

			
	Your signature:	 	  

	(Sign exactly as your name appears on the face of this Senior Note)

 
			
		
	Tax Identification No.:	 	  

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

  
 A-10 

 EXHIBIT B 

FORM OF 4.75% SENIOR NOTES DUE FEBRUARY 15, 2044 

THIS SENIOR NOTE IS A BOND AND A GLOBAL BOND WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A
DEPOSITARY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SENIOR NOTES IN DEFINITIVE FORM, THIS SENIOR NOTE 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. 

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

					
	PRINCIPAL AMOUNT :	  	ORIGINAL ISSUE DATE:	  	INTEREST RATE: 4.75% per annum
	$225,000,000	  	August 18, 2014	  	
			
	MATURITY DATE:	  	INTEREST PAYMENT DATES:	  	THIS SENIOR NOTE IS A:
			
	February 15, 2044	  	February 15 and August 15, commencing	  	x Global Book-Entry Bond
		  	February 15, 2015	  	 ̈ Certificated Bond
	REGISTERED OWNER: Cede & Co., as nominee of The Depository Trust Company	  		  	

  
 B-1 

 PACIFIC GAS AND ELECTRIC COMPANY 

4.75% SENIOR NOTES DUE FEBRUARY 15, 2044 

(Fixed Rate) 
  

			
	No. R-2	  	Principal Amount: $225,000,000
	CUSIP No: 694308 HH3	  	

 PACIFIC GAS AND ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of
California (herein called the “Company,” which term includes any successor Person pursuant to the applicable provisions of the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., as
nominee for The Depository Trust Company, or registered assigns, the Principal Amount stated above on the Maturity Date stated above, and to pay interest thereon from and including the Original Issue Date stated above or, in the case of a 4.75%
Senior Note due February 15, 2044 issued upon the registration of transfer or exchange, from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on the Interest
Payment Dates set forth above and on the Maturity Date stated above, commencing February 15, 2015 at the rate of 4.75% per annum until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid
or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this 4.75% Senior Note due February 15, 2044 (this “Senior Note,” and together with all other 4.75% Senior
Notes due February 15, 2044, the “Senior Notes”) (or one or more Predecessor Bonds) is registered at the close of business on the Regular Record Date for such interest, which shall be the 15th day preceding such Interest Payment Date;
provided, however, that interest payable at the Maturity Date or on a Redemption Date will be paid to the Person to whom principal is payable. Any such interest not so punctually paid or duly provided for will forthwith cease to be
payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Senior Note (or one or more Predecessor Bonds) is registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Senior Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements
of the Indenture and any securities exchange, if any, on which the Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in said Indenture. 

Payments of interest on this Senior Note will include interest accrued to but excluding the respective Interest Payment Dates. Interest
payments for this Senior Note shall be computed and paid on the basis of the 360-day year of twelve 30-day months and will accrue from August 15, 2014 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for. In the event that any date on which interest is payable on this Senior Note (other than the Maturity Date) is not a Business Day then payment of the interest payable on such date will be made on the next succeeding day that is a
Business Day (and without any interest or payment in respect of any such delay) with the same force and effect as if made on the date the 

  
 B-2 

 
payment was originally payable. If the Maturity Date falls on a day that is not a Business Day, the payment of principal, premium, if any, and interest may be made on the next succeeding Business
Day, and no interest on such payment shall accrue for the period from and after maturity. 
 Payment of principal of, premium, if any, and
interest on Senior Notes shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any, and interest on the Senior
Notes represented by a Global Bond shall be made by wire transfer of immediately available funds to the Holder of such Global Bond, provided that, in the case of payments of principal and premium, if any, such Global Bond is first surrendered to the
Paying Agent. If any of the Senior Notes are no longer represented by a Global Bond, (i) payments of principal, premium, if any, and interest due on the Maturity Date or earlier redemption of such Senior Notes shall be made at the office of the
Paying Agent upon surrender of such Senior Notes to the Paying Agent, and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, (A) by check mailed to the address of the Person
entitled thereto as such address shall appear in the Bond Register or (B) by wire transfer to registered Holders of at least $10,000,000 in principal amount of Senior Notes at such place and to such account at a banking institution in the
United States as such Holders may designate in writing to the Trustee at least sixteen (16) days prior to the date for payment. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SENIOR NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL
PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 B-3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be
duly executed. 
 Dated:             , 2014 

 

					
	PACIFIC GAS AND ELECTRIC COMPANY
		
	By:	 	  

		 	Name:	 	Kent M. Harvey
		 	Title:	 	Senior Vice President, Financial Services
		
	By:	 	  

		 	Name:	 	Nicholas M. Bijur
		 	Title:	 	Vice President and Treasurer

  
 B-4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This Senior Note is one of the Bonds of the series designated as Bonds of the Forty-Fourth Series referred to in the within-mentioned
Indenture. 
 Dated:             , 2014 

 

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., As Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 B-5 

 Reverse of Senior Note 

This 4.75% Senior Note due February 15, 2044 is one of a duly authorized issue of Bonds of the Company, issued and issuable in one or
more series under an Amended and Restated Indenture, dated as of April 22, 2005 (the “Base Indenture”), as heretofore supplemented and as further supplemented by a Twentieth Supplemental Indenture, dated as of November 12, 2013,
a Twenty-First Supplemental Indenture, dated as of February 21, 2014 and a Twenty-Third Supplemental Indenture, dated as of August 18, 2014 (as so supplemented, and together with all additional indentures supplemental thereto, and any
constituent instruments establishing the terms of particular Bonds, being herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (formerly The Bank of New York Trust Company, N.A.), as
Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a description of the respective rights, limitations of rights, duties and immunities of
the Company, the Trustee and the Holders of Bonds thereunder and of the terms and conditions upon which Bonds are, and are to be, authenticated and delivered. This Senior Note is a Bond within the meaning of the Indenture and is one of the Bonds of
the forty-fourth series designated as the 4.75% Senior Notes due February 15, 2044 established by the Company under the Indenture and initially issued in an aggregate principal amount of $450,000,000 on February 21, 2014. As a result of
the further issuance of $225,000,000 aggregate principal amount of Bonds of the forty-fourth series on August 18, 2014, the issued amount of Bonds of such series now totals $675,000,000. The acceptance of this Senior Note shall be deemed to
constitute the consent and agreement by the Holder hereof to all of the terms and provisions of the Indenture. 
 Subject to the terms and
conditions of the Indenture, the Senior Notes are redeemable at the option of the Company (“Optional Redemption”), in whole or in part, (a) at any time prior to August 15, 2043 at a Redemption Price equal to the greater of: 

(i) 100% of the principal amount of the Senior Notes to be redeemed; or 

(ii) as determined by the Quotation Agent, the sum of the present values of the Remaining Scheduled Payments of principal and
interest on the Senior Notes to be redeemed (not including any portion of payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis at the Adjusted Treasury Rate, plus 20 basis points, 

plus, in either of the above cases, accrued and unpaid interest thereon to but not including the Redemption Date; and (b) at any time on or after
August 15, 2043 at 100% of the principal amount of the Senior Notes to be redeemed, plus accrued and unpaid interest thereon to but not including the Redemption Date. 

Interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to Holders of such Senior Notes, or one or
more Predecessor Bonds, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture. 

  
 B-6 

 In the case of an Optional Redemption, notice of redemption will be in writing and mailed
first-class postage-prepaid not less than 10 days nor more than 60 days prior to the Redemption Date to each Holder of Senior Notes to be redeemed at the Holder’s registered address; provided, however, that such notice need not state the dollar
amount of the Redemption Price if such dollar amount has not been determined as of the date such notice is being given to the Holders of the Senior Notes being redeemed. If money sufficient to pay the Redemption Price of all Senior Notes (or
portions thereof) to be redeemed on the Redemption Date is deposited with the Paying Agent or the Trustee on or prior to the Redemption Date, from and after such Redemption Date such Senior Notes or portions thereof shall cease to bear interest.
Senior Notes in denominations larger than $1,000 in principal amount may be redeemed in part but only in integral multiples of $1,000. 
 In
the event of redemption of this Senior Note in part only, a new Senior Note or Senior Notes of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the surrender hereof. 

As provided in the Indenture and subject to certain limitations therein set forth, this Senior Note or any portion of the principal amount
hereof will be deemed to have been paid for all purposes of the Indenture and to be no longer Outstanding thereunder, and the Company’s entire indebtedness in respect thereof will be satisfied and discharged, if there has been irrevocably
deposited with the Trustee or any Paying Agent (other than the Company), in trust, money in an amount which will be sufficient and/or Eligible Obligations, the principal of and interest on which when due, without regard to any reinvestment thereof,
will provide moneys which, together with money, if any, deposited with or held by the Trustee or such Paying Agent, will be sufficient to pay when due the principal of and premium, if any, and interest on this Senior Note when due. 

If an Event of Default shall occur and be continuing, the Trustee or the Holders of not less than 33% in aggregate principal amount of the
Outstanding Bonds, considered as one class, may declare the principal amount of all Bonds then Outstanding to be due and payable immediately by notice in writing to the Company (and to the Trustee if given by Holders); provided, however, that with
respect to certain Events of Default relating to bankruptcy, insolvency and similar events, the principal amount of all Bonds then Outstanding shall be due and payable immediately without further action by the Trustee or the Holders. 

The Indenture permits, with certain exceptions as therein provided, the Company and the Trustee to enter into one or more supplemental
indentures for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture with the consent of the Holders of not less than a majority in aggregate principal amount of the Bonds at the
time Outstanding, considered as one class; provided, however, that if there shall be Bonds of more than one series Outstanding under the Indenture and if a proposed supplemental indenture shall directly affect the rights of the Holders of Bonds of
one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Bonds of all series so directly affected, considered as one class, shall be required; and provided,
further, that if the Bonds of any series shall have been issued in more than one Tranche and if a proposed supplemental indenture shall directly affect the rights of the Holders of Bonds of one or more, but less than all, of such Tranches, then the
consent only of the 

  
 B-7 

 
Holders of a majority in aggregate principal amount of the Outstanding Bonds of all Tranches so directly affected, considered as one class, shall be required; and provided, further, that the
Indenture permits the Company and the Trustee to enter into one or more supplemental indentures for certain purposes without the consent of any Holders of Bonds. The Indenture also contains provisions permitting the Holders of a majority in
aggregate principal amount of Bonds, on behalf of the Holders of all such Bonds, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Senior Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Senior Note and of any Senior Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this
Senior Note. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Senior Note shall not have the right to
institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default,
the Holders of at least 33% in aggregate principal amount of the Bonds at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable
indemnity, and the Trustee shall not have received from the Holders of at least a majority in aggregate principal amount of Bonds at the time Outstanding a direction inconsistent with such written request, and shall have failed to institute any such
proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Senior Note for the enforcement of any payment of principal hereof or any premium or
interest hereon on or after the respective due dates expressed herein. 
 No reference herein to the Indenture and no provision of this
Senior Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Senior Note at the times, place and rate, and in the coin or
currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this
Senior Note is registrable in the Bond Register, upon surrender of this Senior Note for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Senior Note are payable,
duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Bond Registrar, as the case may be, duly executed by the Holder hereof or such Holder’s attorney duly authorized in
writing, and thereupon one or more new Senior Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Senior Notes are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As
provided in the Indenture and subject to certain limitations therein set forth, Senior Notes are exchangeable for a like aggregate principal amount of Senior Notes and of like tenor of a different authorized denomination, as requested by the Holder
surrendering the same. 

  
 B-8 

 No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 The
Company shall not be required to execute or to provide for the registration of the transfer of or the exchange of (A) any Senior Note of this series during a period of 15 days immediately preceding the date notice is to be given identifying the
serial numbers of the Senior Notes called for redemption, or (B) any Senior Note selected for redemption in whole or in part, except the unredeemed portion of any Senior Note being redeemed in part. 

Prior to due presentment of this Senior Note for registration of transfer, the Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Senior Note is registered as the owner hereof for all purposes, whether or not this Senior Note is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 This Senior Note shall be governed by, and construed and enforced in accordance with, the laws of the State of California
without regard to the principles of conflicts of laws thereunder, except to the extent that the Trust Indenture Act shall be applicable. 

As provided in the Indenture, no recourse shall be had for the payment of the principal of, premium, if any, or interest with respect to this
Senior Note, or any part thereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, against any incorporator, shareholder,
officer or director, as such, past, present or future, of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional
provision, statute or rule of law or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that the Indenture and all the Bonds are solely corporate obligations and that any such personal liability is
hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of the Indenture and the issuance of this Senior Note. 

All terms used in this Senior Note which are not defined herein shall have the meanings assigned to them in the Indenture. 

  
 B-9 

 ASSIGNMENT FORM 

To assign this Senior Note, fill in the form below: (I) or (we) assign and transfer this Senior Note to 

 
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name, address and zip
code) 
  

			
	and irrevocably appoint	 	  

	to transfer this Senior Note on the books of the Company. The agent may substitute another to act for him.

  
  

Date:                      

 

			
	Your signature:	 	  

	(Sign exactly as your name appears on the face of this Senior Note)

 
			
		
	Tax Identification No.:	 	  

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

  
 B-10EX-4.1

 Exhibit 4.1 

EXPEDIA, INC., 
 the
Subsidiary Guarantors, from time to time parties hereto, 
 AND 

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

as Trustee 
  

 
 Indenture 

 
  

Dated as of August 18, 2014 

 EXPEDIA, INC. 

Indenture Dated as of August 18, 2014. 

CROSS REFERENCE SHEET*. 

Showing the Location in the Indenture of the Provisions Inserted Pursuant to Sections 310 to 318(a) inclusive of the Trust Indenture Act
of 1939. 
  

			
	Provisions of Trust Indenture Act of 1939	    	Indenture Provision
	§ 310(a)(1), (2)	    	§  8.09
	            (3)	    	Not Applicable
	            (4)	    	Not Applicable
	        (b)	    	§  8.08; § 8.10
	        (c)	    	Not Applicable
	§ 311(a)	    	§  8.13(a)
	        (b)	    	§  8.13(b)
	        (b)(2)	    	§  9.03(a)(ii); § 9.03(b)
	        (c)	    	Not Applicable
	§ 312(a)	    	§  9.01; § 9.02(a)
	        (b)	    	§  9.02(b)
	        (c)	    	§  9.02(c)
	§ 313(a)	    	§  9.03(a)
	        (b)(1)	    	Not Applicable
	        (2)	    	§  9.03(b)
	        (c)	    	§  9.03(a); § 9.03(b)
	        (d)	    	§  9.03(c)
	§ 314(a)	    	§  9.04
	        (b)	    	Not Applicable
	        (c)	    	§  1.02
	        (d)	    	Not Applicable
	        (e)	    	§  1.02
	        (f)	    	Not Applicable
	§ 315(a)(1)	    	§  8.01(a)(i)
	            (2)	    	§  8.01(a)(ii)
	        (b)	    	§  8.02
	        (c)	    	§  8.01(b)
	        (d)(1)	    	§  8.01(a)
	            (2)	    	§  8.01(c)(ii)
	            (3)	    	§  8.01(c)(iii)
	        (e)	    	§  7.14
	§ 316(a)	    	§  7.12; § 7.13
	        (b)	    	§  7.08
	        (c)	    	§  1.04
	§ 317(a)(1), (2)	    	§  7.03; § 7.04
	        (b)	    	§  12.03
	§ 318(a)	    	§  1.08

  

	*	This Cross Reference Sheet is not part of the Indenture. 

  
 -i- 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	ARTICLE ONE	  
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  
		
	 Section 1.01. Definitions
	  	 	1	  
	 Section 1.02. Compliance Certificates and Opinions
	  	 	6	  
	 Section 1.03. Form of Documents Delivered to Trustee
	  	 	7	  
	 Section 1.04. Act of Holders
	  	 	7	  
	 Section 1.05. Notices, etc., to Trustee and Company
	  	 	8	  
	 Section 1.06. Notice to Holders; Waiver
	  	 	8	  
	 Section 1.07. Immunity of Incorporator, Stockholders, Officers and Directors
	  	 	8	  
	 Section 1.08. Conflict with Trust Indenture Act
	  	 	9	  
	 Section 1.09. Effect of Headings and Table of Contents
	  	 	9	  
	 Section 1.10. Successors and Assigns
	  	 	9	  
	 Section 1.11. Separability Clause
	  	 	9	  
	 Section 1.12. Benefits of Indenture
	  	 	9	  
	 Section 1.13. Governing Law
	  	 	9	  
	 Section 1.14. Cross References
	  	 	9	  
	 Section 1.15. Counterparts
	  	 	9	  
	 Section 1.16. Legal Holidays
	  	 	9	  
	 Section 1.17. Securities in Foreign Currencies
	  	 	9	  
	 Section 1.18. Waiver of Jury Trial
	  	 	9	  
	 Section 1.19. Force Majeure
	  	 	10	  
	
	ARTICLE TWO	  
	SECURITY FORMS	  
		
	 Section 2.01. Forms Generally
	  	 	10	  
	 Section 2.02. Form of Certificate of Authentication
	  	 	10	  
	 Section 2.03. Securities in Global Form
	  	 	11	  
	
	ARTICLE THREE	  
	THE SECURITIES	  
		
	 Section 3.01. Amount Unlimited; Issuable in Series
	  	 	11	  
	 Section 3.02. Denominations
	  	 	13	  
	 Section 3.03. Authentication and Dating
	  	 	13	  
	 Section 3.04. Execution of Securities
	  	 	14	  
	 Section 3.05. Exchange and Registration of Transfer of Securities
	  	 	14	  
	 Section 3.06. Mutilated, Destroyed, Lost or Stolen Securities
	  	 	16	  
	 Section 3.07. Temporary Securities
	  	 	16	  
	 Section 3.08. Payment of Interest; Interest Rights Preserved
	  	 	17	  
	 Section 3.09. Persons Deemed Owners
	  	 	18	  
	 Section 3.10. Cancellation
	  	 	18	  
	 Section 3.11. Computation of Interest
	  	 	18	  
	 Section 3.12. CUSIP
	  	 	18	  
	
	ARTICLE FOUR	  
	REDEMPTION OF SECURITIES	  
		
	 Section 4.01. Applicability of Article
	  	 	18	  
	 Section 4.02. Election to Redeem; Notice to Trustee
	  	 	18	  

  
 -ii- 

					
	 Section 4.03. Selection by Trustee of Securities to Be Redeemed
	  	 	18	  
	 Section 4.04. Notice of Redemption
	  	 	19	  
	 Section 4.05. Deposit of Redemption Price
	  	 	19	  
	 Section 4.06. Securities Payable on Redemption Date
	  	 	19	  
	 Section 4.07. Securities Redeemed in Part
	  	 	20	  
	
	ARTICLE FIVE	  
	SINKING FUNDS	  
		
	 Section 5.01. Applicability of Article
	  	 	20	  
	 Section 5.02. Satisfaction of Mandatory Sinking Fund Payments with Securities
	  	 	20	  
	 Section 5.03. Redemption of Securities for Sinking Fund
	  	 	20	  
	
	ARTICLE SIX	  
	SATISFACTION AND DISCHARGE	  
		
	 Section 6.01. Satisfaction and Discharge of Indenture
	  	 	21	  
	 Section 6.02. Satisfaction, Discharge and Defeasance of Securities of any Series
	  	 	22	  
	 Section 6.03. Application of Trust Money
	  	 	23	  
	 Section 6.04. Paying Agent to Repay Moneys Held
	  	 	23	  
	 Section 6.05. Return of Unclaimed Moneys
	  	 	23	  
	
	ARTICLE SEVEN	  
	REMEDIES	  
		
	 Section 7.01. Events of Default
	  	 	23	  
	 Section 7.02. Acceleration of Maturity; Rescission and Annulment
	  	 	25	  
	 Section 7.03. Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	26	  
	 Section 7.04. Trustee May File Proofs of Claim
	  	 	26	  
	 Section 7.05. Trustee May Enforce Claims without Possession of Securities
	  	 	27	  
	 Section 7.06. Application of Money Collected
	  	 	27	  
	 Section 7.07. Limitation on Suits
	  	 	27	  
	 Section 7.08. Unconditional Right of Holders to Receive Principal, Premium and Interest
	  	 	28	  
	 Section 7.09. Restoration of Rights and Remedies
	  	 	28	  
	 Section 7.10. Rights and Remedies Cumulative
	  	 	28	  
	 Section 7.11. Delay or Omission Not Waiver
	  	 	28	  
	 Section 7.12. Control by Holders
	  	 	28	  
	 Section 7.13. Waiver of Past Defaults
	  	 	28	  
	 Section 7.14. Undertaking for Costs
	  	 	29	  
	 Section 7.15. Waiver of Stay or Extension Laws
	  	 	29	  
	
	ARTICLE EIGHT	  
	THE TRUSTEE	  
		
	 Section 8.01. Certain Duties and Responsibilities
	  	 	29	  
	 Section 8.02. Notice of Defaults
	  	 	30	  
	 Section 8.03. Certain Rights of Trustee
	  	 	30	  
	 Section 8.04. Not Responsible for Recitals or Issuance of Securities
	  	 	31	  
	 Section 8.05. May Hold Securities
	  	 	31	  
	 Section 8.06. Money Held in Trust
	  	 	32	  
	 Section 8.07. Compensation and Reimbursement
	  	 	32	  
	 Section 8.08. Disqualification; Conflicting Interests
	  	 	32	  
	 Section 8.09. Corporate Trustee Required; Different Trustees for Different Series; Eligibility
	  	 	32	  
	 Section 8.10. Resignation and Removal; Appointment of Successor
	  	 	33	  
	 Section 8.11. Acceptance of Appointment by Successor
	  	 	34	  
	 Section 8.12. Merger, Conversion, Consolidation or Succession to Business
	  	 	34	  

  
 -iii- 

					
	 Section 8.13. Preferential Collection of Claims against Company
	  	 	35	  
	 Section 8.14. Authenticating Agent
	  	 	35	  
	
	ARTICLE NINE	  
	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  
		
	 Section 9.01. Company to Furnish Trustee Names and Addresses of Holders
	  	 	36	  
	 Section 9.02. Preservation of Information; Communications to Holders
	  	 	36	  
	 Section 9.03. Reports by Trustee
	  	 	36	  
	 Section 9.04. Reports by Company
	  	 	36	  
	
	ARTICLE TEN	  
	CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER	  
		
	 Section 10.01. Company May Consolidate, etc., Only on Certain Terms
	  	 	37	  
	 Section 10.02. Successor Corporation Substituted
	  	 	37	  
	
	ARTICLE ELEVEN	  
	SUPPLEMENTAL INDENTURES	  
		
	 Section 11.01. Supplemental Indentures without Consent of Holders
	  	 	37	  
	 Section 11.02. Supplemental Indentures with Consent of Holders
	  	 	38	  
	 Section 11.03. Execution of Supplemental Indentures
	  	 	39	  
	 Section 11.04. Notice of Supplemental Indenture
	  	 	39	  
	 Section 11.05. Effect of Supplemental Indentures
	  	 	39	  
	 Section 11.06. Conformity with Trust Indenture Act
	  	 	40	  
	 Section 11.07. Reference in Securities to Supplemental Indentures
	  	 	40	  
	
	ARTICLE TWELVE	  
	COVENANTS	  
		
	 Section 12.01. Payment of Principal, Premium and Interest
	  	 	40	  
	 Section 12.02. Maintenance of Office or Agency
	  	 	40	  
	 Section 12.03. Money for Securities Payments to Be Held in Trust
	  	 	40	  
	 Section 12.04. Statement as to Compliance
	  	 	41	  
	 Section 12.05. Corporate Existence
	  	 	41	  
	 Section 12.06. Permit No Vacancy in Office of Trustee
	  	 	41	  
	 Section 12.07. Waiver
	  	 	41	  
	
	ARTICLE THIRTEEN	  
	GUARANTEES	  
		
	 Section 13.01. Guarantees
	  	 	42	  
	 Section 13.02. No Subrogation
	  	 	43	  
	 Section 13.03. Consideration
	  	 	43	  
	 Section 13.04. Limitation on Subsidiary Guarantor Liability
	  	 	43	  
	 Section 13.05. Execution and Delivery
	  	 	43	  
	 Section 13.06. Release of Subsidiary Guarantors
	  	 	44	  

  
 -iv- 

 INDENTURE, dated as of August 18, 2014, between EXPEDIA, INC., a Delaware corporation,
(the “Company”), the Subsidiary Guarantors, from time to time parties hereto, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association, as trustee hereunder (the “Trustee”). 

RECITALS OF THE COMPANY 

The Company is authorized to borrow money for its corporate purposes and to issue debentures, notes or other evidences of unsecured
indebtedness therefor; and for its corporate purposes, the Company has determined to make and issue its debentures, notes or other evidences of unsecured indebtedness to be issued in one or more series (the “Securities”), as
hereinafter provided, up to such principal amount or amounts as may from time to time be authorized by or pursuant to the authority granted in one or more resolutions of the Board of Directors. 

The Company wishes to permit certain Subsidiaries of the Company to make the Guarantees permitted pursuant to Section 3.01 and set forth
in Section 13.01 with respect to Securities of certain series issued under this Indenture. 
 This Indenture is subject to the
provisions of the Trust Indenture Act that are required to be part of this Indenture, and shall be governed by such provisions; provided that if any provision of this Indenture modifies any TIA provision that may be so modified, such TIA provision
shall be deemed to apply to this Indenture as so modified; provided further that if any provision of this Indenture excludes any TIA provision that may be so excluded, such TIA provision shall be excluded from this Indenture. 

All things necessary to make this Indenture a valid and legally binding agreement of the Company, in accordance with its terms, have been
done. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

That, in consideration of the premises and of the mutual covenants herein contained and of the purchase and acceptance of the Securities by
the holders thereof and of the sum of One Dollar to the Company duly paid by the Trustee at or before the ensealing and delivery of these presents, and for other valuable considerations, the receipt whereof is hereby acknowledged, and in order to
declare the terms and conditions upon which the Securities are to be issued, IT IS HEREBY COVENANTED, DECLARED AND AGREED, by and between the parties hereto, that all the Securities are to be executed, authenticated and delivered subject to the
further covenants and conditions hereinafter set forth; and the Company, for itself and its successors, does hereby covenant and agree to and with the Trustee and its successors in said trust, for the benefit of those who shall hold the Securities,
or any of them, as follows: 
 ARTICLE ONE  

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 1.01. Definitions. 

For all purposes of this Indenture, of all indentures supplemental hereto and all Securities issued hereunder except as
otherwise expressly provided or unless the context otherwise requires: (a) the terms defined in this Article shall have the meanings assigned to them in this Article, and include the plural as well as the singular; (b) all terms used in
this Indenture, in any indenture supplemental hereto or in any such Securities which are defined in the Trust Indenture Act shall have the meanings assigned to them in said Act; and (c) all accounting terms not otherwise defined herein or in
such Securities shall have the meanings assigned to them in accordance with generally accepted accounting principles. 
 Certain terms used
in Article Eight hereof are defined in that Article. 
 “Act” when used with respect to any Holder has the
meaning specified in Section 1.04 hereof. 

  
 -1- 

 “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; provided, however, that the term “Affiliate” shall not include IAC/InterActiveCorp, Liberty Media Corporation or
any of their respective subsidiaries. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Applicable Tax Law”: See Section 1.20. 

“Authenticating Agent” means any Person appointed by the Trustee to act on behalf of the Trustee pursuant to
Section 8.14 to authenticate Securities. 
 “Bankruptcy Law”: See Section 7.01 hereof.  

“Board of Directors” means either the board of directors of the Company or any committee of that board duly authorized
to act for it in respect hereof. 
 “Board Resolution” means a copy of a resolution or resolutions certified
by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day” means (i) when used with respect to any payment, each Monday, Tuesday, Wednesday, Thursday and
Friday which is not a day on which banking institutions in the Place of Payment with respect to such payment are authorized or required by law or executive order to close and (ii) when used for any other purpose, each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking institutions in the Borough of Manhattan, The City of New York, or in the city in which the Corporate Trust Office of the Trustee is located are authorized or required by law or
executive order to close. 
 “Capital Stock” means, with respect to 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, partnership interests and limited liability company membership interests, but
excluding any debt securities convertible into such equity. 
 “Code” means the U.S. Internal Revenue Code of
1986, as amended. 
 “Commission” means the Securities and Exchange Commission, as from time to time
constituted, created under the Exchange Act, or at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties on
such date. 
 “Company” means the corporation named as the “Company” in the first paragraph
of this instrument until a successor corporation shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean each such successor corporation. 

“Company Order” and “Company Request” mean, respectively, a written consent, order or request signed in the
name of the Company by its Chairman of the Board, its Vice Chairman, its Chief Executive Officer, its Senior Executive, its President, any one of its Vice Presidents, its Treasurer, any one of its Assistant Treasurers, its Chief Financial Officer,
its Chief Accounting Officer, its General Counsel, its Controller, any one of its Assistant Controllers, its Secretary or any one of its Assistant Secretaries, and delivered to the Trustee. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of a person, whether through the ability to exercise voting power, by contract or otherwise. A person shall be deemed to Control another person if such person (1) is an officer or director of the other person or
(2) directly or indirectly owns or controls 10% or more of the other person’s Capital Stock. The terms “Controlling” and “Controlled” have meanings correlative thereto. 

  
 -2- 

 “Corporate Trust Office” means the principal office of the Trustee at
which at any time its corporate trust business shall be administered, which office at the date hereof is located at 400 South Hope Street, Suite 400, Los Angeles, CA 90071, Attention: Corporate Trust, or such other address as the Trustee may
designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the
Company). 
 “corporation” means a corporation, association, company or business trust. 

“Defaulted Interest”: See Section 3.08 hereof. 

“Depositary” when used with respect to the Securities of any series issuable or issued, in whole or in part, in the
form of a Global Security, means the Person designated as Depositary by the Company pursuant to Section 3.01 until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter
“Depositary” shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such series shall mean the
Depositary with respect to the Securities of that series. 
 “Dollars” and the sign “$” mean
the coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts. 

“Domestic Subsidiary” means a Subsidiary other than a Foreign Subsidiary. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated by the
SEC thereunder. 
 “Foreign Subsidiary” means (1) any Subsidiary that is not (a) formed under the
laws of the United States of America or a state or territory thereof or (b) treated as a domestic entity or a partnership or a division of a domestic entity for U.S. tax purposes or (2) any Subsidiary that is (a) a domestic
partnership or disregarded entity for U.S. tax purposes and (b) owned by a Subsidiary described in (1). 
 “Event
of Default”: See Section 7.01 hereof. 
 “Foreign Currency” means any currency issued by the
government of any country other than the United States of America or any composite currency (including, without limitation, the European Currency Unit) acceptable to the Trustee. 

“GAAP” means generally accepted accounting principles in the United States of America in effect from time to time.

 “Global Security” means a Security issued to evidence all or a part of any series of Securities which is
executed by the Company and authenticated and delivered to the Depositary or pursuant to the Depositary’s instructions, all in accordance with this Indenture and pursuant to a Company Order, which shall be registered in the name of the
Depositary or its nominee. 
 “Guarantee” means any guarantee, if applicable, by any Subsidiary Guarantor
endorsed on a Security authenticated and delivered pursuant to this Indenture and any Guarantees of any Subsidiary Guarantor established in accordance with Section 3.01 and set forth in Section 13.01. 

“Holder” means, unless otherwise established as contemplated by Section 3.01 with respect to the Securities of
any series, a Person in whose name a Security of any series is registered in the Securities Register for the Securities of such series. 

  
 -3- 

 “Indebtedness” means, with respect to any Person, obligations (other than
Nonrecourse Obligations) of such Person for borrowed money (including without limitation, indebtedness for borrowed money evidenced by notes, bonds, debentures or similar instruments). 

“Indenture” means this instrument as originally executed, or as it may be amended or supplemented from time to time as
herein provided, and shall include the form and terms of the Securities of each series established as contemplated by Sections 2.01 and 3.01. 

“interest” when used with respect to any non-interest bearing Security means interest payable after Maturity
thereof. 
 “Interest Payment Date” when used with respect to the Securities of any series means the Stated
Maturity of an installment of interest on the Securities of such series. 
 “Maturity” when used with respect
to any Security means the date on which the principal of such Security becomes due and payable whether at the Stated Maturity or by declaration of acceleration, call for redemption, pursuant to a sinking fund, notice of option to elect repayment or
otherwise. 
 “Nonrecourse Obligation” means indebtedness or other obligations substantially related to (1) the
acquisition of assets not previously owned by the Company, any Subsidiary Guarantor or any of the Company’s other direct or indirect Subsidiaries or (2) the financing of a project involving the development or expansion of properties of the
Company, any Subsidiary Guarantor or any of the Company’s other direct or indirect Subsidiaries, as to which the obligee with respect to such indebtedness or obligation has no recourse to the Company, any Subsidiary Guarantor or any of the
Company’s other direct or indirect Subsidiaries or any of the Company’s, any Subsidiary Guarantor’s or such Subsidiary’s assets other than the assets which were acquired with the proceeds of such transaction or the project
financed with the proceeds of such transaction (and the proceeds thereof). 
 “Obligations”: See Section 13.01
hereof. 
 “Officer” means the Chairman of the Board, the Chief Executive Officer, the Controller, the Chief
Operating Officer, any President or Vice President, the Treasurer, the Assistant Treasurer, the Chief Financial Officer, the Chief Accounting Officer, the General Counsel, the Secretary or the Assistant Secretary, as applicable. 

“Officers’ Certificate” means a certificate signed by any two Officers of the Company, and delivered to the Trustee.
Wherever this Indenture requires that an Officer’s Certificate be signed also by an accountant or other expert, such accountant or other expert (except as otherwise expressly provided in this Indenture) may be in the employ of the Company and
shall be acceptable to the Trustee. 
 “Opinion of Counsel” means a written opinion from legal counsel to the
Company. The counsel may be an employee of the Company. Opinions of Counsel required to be delivered under this Indenture may have qualifications customary for opinions of the type required and counsel delivering such Opinions of Counsel may rely on
certificates of the Company or governmental or other officials customary for opinions of the type required, including certificates certifying as to matters of fact 

“Original Issue Discount Security” means any Security less than the principal amount of which becomes due and payable
upon a declaration of acceleration pursuant to Section 7.02 hereof. 
 “Outstanding” when used with
respect to Securities means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: 

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

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

  
 -4- 

 (c) Securities paid or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture unless proof satisfactory to the Trustee is presented that any such Securities are held by a holder in due course; provided, however, that in determining whether the Holders of the
requisite principal amount of Securities Outstanding have given any request, demand, authorization, direction, notice, consent or waiver hereunder, (i) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of
the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or
waiver, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded (Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or such other obligor), and (ii) the
principal amount of an Original Issue 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 pursuant to Section 7.02 hereof. 
 “Overdue Rate” when used with respect to the Securities of any
series means the rate designated as such, established as contemplated by Section 3.01 for the Securities of such series. 

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

“Place of Payment” when used with respect to the Securities of any series means the place or places where the
principal of (and premium, if any) and interest, if any, on the Securities of such series are specified as payable, established as contemplated by Section 3.01 or, if not so established, specified in Section 12.02. 

“record date”: See Section 3.08 hereof. 

“Redemption Date” when used with respect to any Security or portion thereof to be redeemed means the date fixed for
such redemption pursuant hereto. 
 “Redemption Price” when used with respect to any Security or portion
thereof to be redeemed on any Redemption Date means the price at which it is to be so redeemed, established as contemplated by Section 3.01 exclusive of interest accrued and unpaid to such Redemption Date. 

“Responsible Officer” shall mean, when used with respect to the Trustee, any officer within the corporate trust
department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the
Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the
administration of this Indenture. 
 “Securities”: See RECITALS OF THE COMPANY herein. 

  
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 “Securities Register” and “Securities Registrar”: See
Section 3.05 hereof. 
 “Stated Maturity” when used with respect to any Security or any installment of
interest thereon means the date specified in such Security as the fixed date on which the principal of such Security or such installment of interest is due and payable. 

“Subsidiary” means, with respect to any person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with
GAAP as of that date, as well as any other corporation, limited liability company, partnership, association or other entity (1) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the
ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of that date, owned, controlled or held or (2) that is, as of that date, otherwise Controlled (within the meaning of the first
sentence of the definition of “Control”), by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Subsidiary Guarantors” means Classic Vacations, LLC, EAN.com, LP, Egencia LLC, Expedia, Inc. (a Washington corporation),
Hotels.com GP, LLC, Hotels.com, L.P., Hotwire, Inc., HRN 99 Holdings, LLC, Interactive Affiliate Network, LLC, Travelscape, LLC, and WWTE, Inc. and such other Subsidiaries of the Company as may from time to time provide a Guarantee with respect to
the Securities of a particular series pursuant to Section 3.01 and as set forth in Section 13.01, until released from such Guarantee pursuant to the provisions of this Indenture and the terms of such series of Securities. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument and,
subject to the provisions of Article Eight hereof, shall also include its successors and assigns as Trustee hereunder. If there shall be at any one time more than one Trustee hereunder, “Trustee” shall mean each such Trustee
and shall apply to each such Trustee only with respect to the Securities of those series with respect to which it is serving as Trustee. 

“Trust Indenture Act” and “TIA” means the Trust Indenture Act of 1939, as amended and as in force at
the date as of which this instrument was executed, except as provided in Section 11.06 hereof. 
 “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 Company’s option.  

“Vice President” when used with respect to the Company means any vice president, whether or not designated by a number
or a word or words added before or after the title “vice president.” 
 Section 1.02. Compliance
Certificates and Opinions. Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions
precedent (including any covenant compliance with which constitutes a condition precedent), if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such
counsel all such conditions precedent, if any, have been complied with. 
 Every certificate or opinion with respect to compliance
with a condition or covenant provided for in this Indenture shall include: 
 (a) a statement that each individual signing such certificate
or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (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; 

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

(d) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

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

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

Any certificate, statement or opinion of an Officer of the Company or of counsel may be based, insofar as it relates to accounting matters,
upon a certificate or opinion of or representations by an accountant or firm of accountants in the employ of the Company, unless such Officer or counsel, as the case may be, knows, or in the exercise of reasonable care should know, that the
certificate or opinion or representations with respect to the accounting matters upon which his or her certificate, statement or opinion is based are erroneous. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Indenture, they may, but need not, be consolidated to form one instrument. 
 Section 1.04. Act
of Holders. 
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this
Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly
provided, such action shall become effective when such instrument or instruments are delivered to the Trustee, and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced
thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this
Indenture and (subject to Section 8.01 hereof) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section 1.04. 

(b) The fact and date of the execution by any Person of any such instrument or writing, or the authority of the Person executing the same, may
be proved in any manner that the Trustee deems sufficient and in accordance with such reasonable requirements as the Trustee may determine. 

(c) The ownership of Securities of any series shall be proved by the Securities Register. 

(d) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Security shall bind the Holder
of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or suffered to be done by the Trustee or the Company or any agent of the Trustee or the Company in reliance
thereon, whether or not notation of such action is made upon such Security. 

  
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 (e) The Company may set a record date for purposes of determining the identity of Holders
entitled to vote or consent or take any other action under this Indenture, which record date shall not be more than 60 days nor less than 10 days prior to the solicitation with respect thereto, and only such Holders shall be so entitled.

 Section 1.05. Notices, etc., to Trustee and Company. Any request, demand, authorization, direction, notice, consent, waiver
or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, 
 (a)
the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office, or 

(b) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (except as provided in Subsection (d) of
Section 7.01 hereof) if in writing and mailed, first-class postage prepaid, to the Company addressed to it at the address of its principal office specified in the first paragraph of this instrument or at any other address previously furnished
in writing to the Trustee by the Company. 
 The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture
sent by unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give such instructions
or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Company elects to give the Trustee
e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee
shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written
instruction. The Company agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and
the risk or interception and misuse by third parties. 
 Section 1.06. Notice to Holders; Waiver. Where this Indenture provides
for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if (i) for global notes, delivered electronically in accordance with the depositary’s applicable procedures, or
(ii) for certificated notes, in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Securities Register, not later than the latest date, and not earlier than the earliest
date, prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such
notice with respect to other Holders. Any notice delivered in the manner prescribed by this Indenture shall be deemed to have been given whether or not such Holder receives said notice. Where this Indenture provides for notice in any manner, such
notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing
shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
 Section 1.07. Immunity of
Incorporator, Stockholders, Officers and Directors. No recourse shall be had for the payment of the principal of (and premium, if any) or the interest, if any, on any Security of any series, or for any claim based thereon, or upon any
obligation, covenant or agreement of this Indenture, against any incorporator, stockholder, officer or director, as such, past, present or future of the Company or of any successor corporation, either directly or indirectly through the Company or
any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Securities are solely
corporate obligations, and that no personal liability whatever shall attach to, or is incurred by, any incorporator, stockholder, officer or director, past, present or future, of the Company or of any successor corporation, either directly or
indirectly through the Company or any successor corporation, because of the incurring of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants or agreements contained in this Indenture or in any of the
Securities, or to be implied herefrom or therefrom; and that all such personal liability is hereby expressly released and waived as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of the
Securities. 

  
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 Section 1.08. Conflict with Trust Indenture Act. If any provision hereof limits,
qualifies or conflicts with any provision deemed to be included in this Indenture by any of the provisions of the Trust Indenture Act, such deemed-included provision shall control. 

Section 1.09. Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for
convenience only and shall not affect the construction hereof. 
 Section 1.10. Successors and Assigns. All covenants and
agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 
 Section 1.11.
Separability Clause. In case any provision in this Indenture or in any Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof or of any Securities shall not in any
way be affected or impaired thereby. 
 Section 1.12. Benefits of Indenture. Nothing in this Indenture or in the Securities,
expressed or implied, shall give to any Person, other than the parties hereto and their successors hereunder, and the Holders of the Securities, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 1.13. Governing Law. This Indenture and each Security shall be deemed to be a contract made under the laws of the State of
New York and this Indenture and each Security for all purposes shall be governed by and construed in accordance with the laws of the State of New York. 

Section 1.14. Cross References. All references herein to “Articles” and other subdivisions are to the
corresponding Articles or other subdivisions of this Indenture; and the words “herein” “hereof” “hereby” “hereunder” “hereinbefore” and
“hereinafter” and other words of similar purport refer to this Indenture generally and not to any particular Article, Section or other subdivision hereof. 

Section 1.15. Counterparts. This Indenture may be executed in any number of counterparts, each of which shall be an original; but
such counterparts shall together constitute but one and the same instrument. 
 Section 1.16. Legal Holidays. In any case where
any Interest Payment Date, Redemption Date or Stated Maturity of a Security of any series is not a Business Day at the relevant Place of Payment with respect to Securities of such series, then notwithstanding any other provision of this Indenture or
the Securities, payment of interest, if any, or principal and premium, if any, with respect to such Security need not be made at such Place of Payment on such date but may be made on the next succeeding Business Day at such Place of Payment with the
same force and effect as if made on such Interest Payment Date or Redemption Date or at the Stated Maturity, and no interest shall accrue on such payment for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity,
as the case may be. 
 Section 1.17. Securities in Foreign Currencies. Whenever this Indenture provides for any action by, or
any distribution to, Holders of Securities denominated in Dollars and in any Foreign Currency, in the absence of any provision to the contrary established as contemplated by Section 3.01 for the Securities of any particular series, any amount
in respect of any Security denominated in a Foreign Currency shall be treated for any such action or distribution as that amount of Dollars that could be obtained for such amount on such reasonable basis of exchange and as of such date as the
Company may specify in a Company Order. 
 Section 1.18. Waiver of Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
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 Section 1.19. Force Majeure. In no event shall the Trustee be responsible or liable
for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism,
civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use
reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

Section 1.20. FATCA. In order to comply with applicable tax laws (inclusive of rules, regulations, directives and published
interpretations promulgated by competent authorities) in effect from time to time (“Applicable Tax Law”) that a foreign financial institution, issuer, trustee, paying agent, holder or other institution is or has agreed to be subject to
related to the Indenture and the Notes, the Company agrees (i) upon reasonable written request of The Bank of New York Mellon Trust Company, N.A. to use commercially reasonable efforts to provide to The Bank of New York Mellon Trust Company, N.A.
sufficient information about holders or other applicable parties and/or transactions related to this Indenture and the Notes (including any modification to the terms of such transactions) so The Bank of New York Mellon Trust Company, N.A. can
determine whether it has tax related obligations under Applicable Tax Law, and (ii) that The Bank of New York Mellon Trust Company, N.A. shall be entitled to make, to the extent it is required to do so under Applicable Tax Law, any withholding or
deduction in respect of Taxes from payments under the Indenture for which The Bank of New York Mellon Trust Company, N.A. shall not have any liability. The terms of this section shall survive the termination of this Indenture. 

ARTICLE TWO 

SECURITY FORMS 

Section 2.01. Forms Generally. The Securities of each series shall be in substantially the forms as shall be established by
or pursuant to Board Resolution or one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture or any indenture supplemental
hereto, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with any rules of any securities
exchange or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution of the Securities. 

The definitive Securities of each series shall be printed, lithographed or engraved or produced by any combination of these methods on steel
engraved borders or may be produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities. 

Section 2.02. Form of Certificate of Authentication. The Certificate of Authentication on all Securities shall be in
substantially the following form: 
 This is one of the Securities of the series designated herein and referred to in the
within-mentioned Indenture. 
  

							
	Dated:	 		 	The Bank of New York Mellon Trust Company, N.A., as Trustee
				
		 		 	By	 	  

		 		 		 	[Authorized Officer]
				
		 		 		 	or
				
		 		 	By	 	  

		 		 		 	[As Authenticating Agent]
				
		 		 	By	 	  

		 		 		 	[Authorized Officer]

  
 -10- 

 Section 2.03. Securities in Global Form. If any Security of a series is
issuable as a Global Security (in whole or in part), such Global Security may provide that it shall represent the aggregate principal amount of Outstanding Securities of such series from time to time represented thereby in the records of the Trustee
or endorsed thereon and may also provide that the aggregate principal amount of Outstanding Securities of such series represented thereby in the records of the Trustee or endorsed thereon may from time to time be reduced or increased. Any change in
the records of the Trustee or any endorsement of a Global Security to reflect the aggregate principal amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby shall be made by the Trustee in accordance with
provisions established as contemplated by Section 3.01. 
 ARTICLE THREE 

THE SECURITIES. 

Section 3.01. Amount Unlimited; Issuable in Series. The aggregate principal amount of Securities which may be authenticated
and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or more series. There shall be established in
or pursuant to a Board Resolution or one or more indentures supplemental hereto, prior to the issuance of any Securities of any series: 

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

 (b) any limit upon the aggregate principal amount of the Securities of such series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered pursuant to Section 3.05, 3.06, 3.07, 4.07, or 11.07 hereof); 
 (c) the
date or dates, or the method by which such date or dates will be determined or extended, on which the principal of and premium, if any, on the Securities of such series is payable; 

(d) the Persons to whom interest on Securities of such series shall be payable, if other than the Persons in whose names such Securities are
registered at the close of business on the record date for such interest; 
 (e) the rate or rates, or the method to be used in determining
the rate or rates, at which the Securities of such series shall bear interest, if any, the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, the Interest Payment Dates on which such
interest shall be payable and, if other than as set forth in Section 3.08 hereof, the record date for the determination of Holders to whom such interest is payable, and the basis upon which Interest shall be calculated if other than as set
forth in Section 3.11; 
 (f) the place or places at which (i) the principal of and premium, if any, and interest, if any, on
Securities of such series shall be payable if other than as set forth in the third sentence of Section 12.02, (ii) registration of transfer of Securities of such series may be effected, (iii) exchanges of Securities of such series may
be effected and (iv) notice and demands to or upon the Company in respect of the Securities of such series and this Indenture may be served; and if such is the case, that the principal of such Securities shall be payable without the presentment
or surrender thereof; 
 (g) the price or prices at which, the period or periods within which and the terms and conditions upon which
Securities of such series may be redeemed, in whole or in part, at the option of the Company, at the option of a Holder or otherwise; 
 (h)
the obligation, if any, of the Company to redeem, purchase or repay Securities of such series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the price or prices at which, the period or periods within
which and the terms and conditions upon which Securities of such series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation; 

  
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 (i) if other than Dollars, the Foreign Currency or Foreign Currencies in which payment of the
principal of and premium, if any, and interest, if any, on the Securities of such series shall be payable or in which such Securities will be denominated; 

(j) if the principal of and premium, if any, or interest, if any, on the Securities of such series are to be payable, at the election of the
Company or a Holder thereof, in a coin or currency (including a composite currency) other than that in which such Securities are stated to be payable, the period or periods within which, and the terms and conditions upon which, such election may be
made; 
 (k) if denominated or payable in any coin or currency, including composite currencies, other than Dollars, or if the terms of the
Securities provide that the principal amount thereof payable at maturity may be more or less than the principal face amount thereof at original issuance, the method by which the Securities of such series shall be valued, which may be any reasonable
method, against the Securities of all other series for voting, the giving of any request, demand, authorization, direction, notice, consent or waiver, distribution and all other purposes hereof and any provisions required for purposes of applying
Sections 6.01 and 6.02 hereof; 
 (l) if the amount of payments of principal of and premium, if any, or interest, if any, on the
Securities of such series may be determined with reference to an index, the formula or other method (which may be based on one or more currencies (including a composite currency), commodities, equity indices or other indices), and the manner in
which such amounts shall be determined; 
 (m) if other than denominations of $1,000 and any integral multiple thereof, the denominations in
which Securities of such series shall be issuable; 
 (n) if other than the principal amount thereof, the portion of the principal amount of
Securities of such series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 7.02 hereof or the method by which such portion shall be determined; 

(o) any addition to, or modification or deletion of, any Event of Default or any covenant of the Company specified herein with respect to the
Securities of such series; 
 (p) if other than the rate of interest stated in the title of the Securities of such series, the applicable
Overdue Rate; 
 (q) if the Securities of such series do not bear interest, the applicable dates for purposes of Section 9.01 hereof;

 (r) the inapplicability to the Securities of such series of Section 6.01 relating to satisfaction, discharge and defeasance of
Securities or, if applicable, any modification to Section 6.01 with respect to the Securities of such series; 
 (s) if other than The
Bank of New York Mellon Trust Company, N.A. is to act as Trustee for the Securities of such series, the name and Corporate Trust Office of such Trustee; 

(t) whether the Securities of such series shall be issued in whole or in part in the form of a Global Security or Securities and, in such case
the terms and conditions, if any, upon which such Global Security or Securities may be exchanged in whole or in part for other definitive Securities, the Depositary for such Global Security or Securities (which shall be a clearing agency registered
under the Exchange Act, or any other applicable statute or regulation, to the extent required thereunder), whether such Global Security shall be permanent or temporary, any limitations on the rights of the Holder or Holders to transfer or exchange
the same or to obtain the registration of transfer thereof in addition to or in lieu of those set forth in Section 3.05, any limitations on the rights of the Holder or Holders thereof to obtain certificates in definitive form, and, the
provisions for determining the aggregate principal amount of Outstanding Securities from time to time represented thereby and any and all matters incidental to such Global Security or Securities; 

  
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 (u) if the Securities of such series may be converted into or exchanged for other securities of
the Company or any other Persons, the terms and conditions pursuant to which the Securities of such series may be converted or exchanged; 

(v) if the principal of or premium, if any, or interest, if any, on the Securities of such series are to be payable, at the election of the
Company or a Holder thereof, in securities or other property, the type and amount of such securities or other property, or the method by which such amount shall be determined, and the periods within which, and the terms and conditions upon which,
any such election may be made; 
 (w) if the Securities of such series are to be secured; 

(x) if the Securities of such series are to be issued upon the exercise of a warrant or right, the time, manner and place for such Securities
to be authenticated and delivered; 
 (y) if Securities of such series are guaranteed by any Subsidiary Guarantors and any deletions from,
modifications to or additions to Article Thirteen, the Events of Default or covenants with respect to such Subsidiary Guarantors with respect to Securities of such series, whether or not such changes are consistent with Article Thirteen, the Events
of Default or covenants set forth herein; 
 (z) any other terms of the Securities of such series (which terms shall conform to any
applicable requirements of the TIA, and shall not materially adversely affect the rights of the Holders of Securities then outstanding); 

(aa) the subordination, if any, of the Securities of the series pursuant to this Indenture and any changes or additions to the provisions of
this Indenture then in effect; 
 (bb) with regard to Securities of the series that do not bear interest, the dates for certain required
reports to the Trustee; 
 (cc) any U.S. Federal Income tax consequences applicable to the Securities; 

(dd) whether and under what circumstances the Company will pay additional amounts to non-United States Holders of Securities of such series in
respect of any tax assessment or government charge; and 
 (ee) the date as of which any Global Securities will be dated if other than the
date of original issuance of the first Securities of a particular series to be issued. 
 All Securities of any one series shall be
substantially identical except as to principal amount and except as may otherwise be established as contemplated by this Section 3.01. 

Section 3.02. Denominations. Unless otherwise established as contemplated by Section 3.01, the Securities of each
series shall be issuable only in registered form without coupons in such denominations as shall be established as contemplated by Section 3.01 or in the absence thereof, in denominations of $1,000 and any integral multiple thereof. 

Section 3.03. Authentication and Dating. At any time and from time to time after the execution and delivery of this
Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication. Except as otherwise provided in this Article, the Trustee shall thereupon authenticate and deliver, or cause to be authenticated
and delivered, said Securities pursuant to a Company Order. In authenticating (or causing authentication of) such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be
provided with, prior to the authentication of such Securities, and (subject to Sections 8.01 and 8.03 hereof) shall be fully protected in relying upon: 

(a) a Board Resolution relating thereto and, if applicable, an appropriate record of any action taken pursuant to such resolution, in each
case certified by the Secretary or an Assistant Secretary of the Company; 
 (b) an executed supplemental indenture, if any, relating
thereto; 
 (c) an Officers’ Certificate setting forth the form and terms of the Securities of such series as established as
contemplated by Sections 2.01 and 3.01 hereof (to the extent not set forth in the documents delivered pursuant to Subsection 3.03(a) or 3.03(b)) and stating that all conditions precedent provided for in this Indenture relating to the issuance
of such Securities have been complied with, that no Event of Default with respect to the Securities of any Series has occurred and is continuing and that the issuance of such Securities is not and will not result in (i) an Event of Default or
an event or condition which, upon the giving of notice or the lapse of time or both, would become an Event of Default or (ii) a default under the provisions of any other instrument or agreement by which the Company is bound governing
indebtedness in a principal amount in excess of $35,000,000; and 

  
 -13- 

 (d) an Opinion of Counsel stating 

(i) that the form and terms of such Securities have been established as contemplated by Sections 2.01 and 3.01 in conformity with the
provisions of this Indenture; and 
 (ii) that such Securities, when executed and delivered by the Company, and authenticated and delivered
by or on behalf of the Trustee in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms, subject to bankruptcy,
insolvency, reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’ rights, to general principles of equity and to such other qualifications as such counsel shall conclude do not materially
adversely affect the rights of Holders of such Securities. 
 The Trustee shall have the right to decline to authenticate and deliver, or
cause to be authenticated and delivered, any Securities under this Section 3.03 if the Trustee, being advised by counsel, determines that such action may not lawfully be taken or if the Trustee in good faith shall determine that such action
would expose the Trustee to personal liability to existing Holders or would otherwise adversely affect its rights, duties, obligations or immunities hereunder. 

Each Security shall be dated the date of its authentication. 

Section 3.04. Execution of Securities. The Securities shall be signed in the name and on behalf of the Company by the
manual or facsimile signature of its Chairman of the Board, its Vice Chairman, its Chief Executive Officer, its Senior Executive, its Chief Financial Officer, its President or any one of its Vice Presidents and attested to by its Secretary or any
one of its Assistant Secretaries, whose signatures may be manual or facsimile. Only such Securities as shall bear thereon a certificate of authentication substantially in the form hereinbefore recited, executed by or on behalf of the Trustee by
manual signature, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by or on behalf of the Trustee upon any Security executed by the Company shall be conclusive evidence that the Security
so authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits of this Indenture. 

In case any officer of the Company who shall have signed any of the Securities shall cease to be such officer before the Securities so signed
shall have been authenticated and delivered by or on behalf of the Trustee, or disposed of by the Company, such Securities nevertheless may be authenticated and delivered or disposed of as though the person who signed such Securities had not ceased
to be such officer of the Company; and any Security may be signed on behalf of the Company by such persons as, at the actual date of the execution of such Security, shall be the proper officers of the Company, although at the date of the execution
of this Indenture any such person was not such an officer. 
 Section 3.05. Exchange and Registration of Transfer of
Securities. Securities of any series (except for Global Securities, which may only be exchanged in limited circumstances described below) may be exchanged for a like aggregate principal amount of Securities of the same series of other authorized
denominations. Unless otherwise established as contemplated by Section 3.01, Securities to be exchanged shall be surrendered at any of the offices or agencies of the Company maintained as provided in Section 12.02 hereof for such purpose,
and the Company shall execute and register, or cause to be registered, and the Trustee shall authenticate and deliver, or cause to be authenticated and delivered, in exchange therefor the Security or Securities which the Holder making such exchange
shall be entitled to receive. 
 Unless otherwise established as contemplated by Section 3.01, the Company shall keep at the
office or agency in the same city in which the Corporate Trust Office of the Trustee is located, a register for the Securities of each series issued hereunder (the register maintained at such office or agency and at any other office or agency of the
Company in a Place of Payment being herein collectively referred to as the “Securities Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities of such
series and registration of transfer of such Securities as provided in this Article. Such Securities Register shall be in written form or in any other form capable of being converted into written form within a reasonable time. The Trustee is hereby
initially appointed “Securities Registrar” for the purpose of registering Securities and registering transfers of Securities as herein provided. Upon due presentment for registration of 

  
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transfer of any Security of any series at any of the offices or agencies of the Company maintained as provided in Section 12.02 hereof for such purpose, the Company shall execute and
register, or cause to be registered, and the Trustee shall authenticate and deliver, or cause to be authenticated and delivered, in the name of the transferee or transferees a new Security or Securities of the same series in authorized denominations
for an equal aggregate principal amount. 
 Every Security issued upon registration of transfer or exchange of Securities pursuant to this
Section 3.05 shall be the valid obligation of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Security or Securities surrendered upon registration of such transfer or exchange. 

All Securities presented for registration of transfer or for exchange, redemption or payment shall (if so required by the Company, the Trustee
or the Securities Registrar) be duly endorsed by, or be accompanied by, a written instrument or instruments of transfer in form satisfactory to the Company, the Trustee and the Securities Registrar duly executed by the Holder thereof or his attorney
duly authorized in writing. 
 No service charge shall be made for any registration of transfer or exchange of Securities, but the Company
may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.07, 4.07 or 11.07
hereof not involving any transfer. 
 The Company shall not be required (a) to issue, register the transfer of or exchange any Security
of any series during a period beginning at the opening of business 15 days before the day of the delivery of a notice of redemption of Securities of such series and ending at the close of business on the day of such delivery or (b) to
register the transfer of or exchange any Security selected for redemption in whole or in part, except, in the case of any Security to be redeemed in part, the portion thereof not to be redeemed. 

Each Global Security authenticated under this Indenture shall be registered in the name of the Depositary designated for such Global Security
or a nominee thereof and delivered to such Depositary or a custodian therefor, and each such Global Security shall constitute a single Security for all purposes of this Indenture. Notwithstanding the foregoing and except as otherwise specified as
contemplated by Section 3.01, no Global Security shall be registered for transfer or exchange, or authenticated or delivered, pursuant to this Section 3.05 or Sections 3.06, 3.07, 4.07 or 11.07 in the name of a Person other than the
Depositary for such Security or its nominee until (i) the Depositary with respect to a Global Security notifies the Company in writing that it is unwilling or unable to continue as Depositary for such Global Security or the Depositary ceases to
be a clearing agency registered under the Exchange Act or other applicable statute or regulation if required thereunder, and the Company notifies the Trustee that it is unable to locate a qualified successor Depositary, (ii) the Company
executes and delivers to the Trustee a Company Order that such Global Security shall be so transferable and exchangeable or (iii) there shall have occurred and be continuing an Event of Default with respect to the Securities of such series.
Upon the occurrence in respect of any Global Security of any series of any one or more of the conditions specified in clauses (i), (ii) or (iii) of the preceding sentence or such other conditions as may be specified as contemplated by
Section 3.01 for such series, such Global Security may be registered for transfer or exchange for Securities registered in the names of, or authenticated and delivered to, such Persons as the Depositary with respect to such series shall
instruct the Trustee in writing. The Trustee, upon receipt of such instruction, will authenticate and deliver Securities of such series of like tenor and terms in definitive form in an aggregate principal amount equal to the principal amount of the
Global Security or Securities representing such series in exchange for such Global Security or Securities. 
 Except as provided in the
preceding paragraph, any Security authenticated and delivered upon registration of transfer or, or in exchange for, or in lieu of, any Global Security or any portion thereof, whether pursuant to this Section 3.05, Section 3.06, 3.07, 4.07
or 11.07 or otherwise, shall also be a Global Security. Notwithstanding any other provision of this Indenture, a Global Security may not be transferred except as a whole by the Depositary for such Global Security to a nominee of such Depositary or
to another Depositary or a nominee thereof or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or to another Depositary or a nominee thereof. 

  
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 Upon such terms established as contemplated by Section 3.01 with respect to the Securities
of any series, the Depositary for the Securities of such series may surrender a Global Security for such series in exchange in whole or in part for Securities of such series of like tenor and terms and in definitive form. Thereupon the Company shall
execute, and the Trustee upon receipt of a Company Order shall authenticate and deliver, without service charge, (i) to the Depositary or to each Person specified by such Depositary a new Security or Securities of the same series, of like tenor
and terms in definitive form and of any authorized denomination as requested by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global Security, and (ii) to such Depositary a
new Global Security of like tenor and terms and in a principal amount equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of Securities delivered pursuant to clause (i).

 Upon the exchange of a Global Security for Securities in definitive form, such Global Security shall be cancelled by the Trustee.
Definitive Securities issued in exchange for a Global Security pursuant to this Section shall either be in global form, established as contemplated by Sections 2.01 and 3.01, or shall be registered in such names and in such authorized
denominations and delivered to the Depositary or to such Persons at such addresses as the Depositary for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee in writing.

 Section 3.06. Mutilated, Destroyed, Lost or Stolen Securities. In case any temporary or definitive Security of any
series shall become mutilated or be destroyed, lost or stolen, and in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company in the case of a mutilated Security shall, and in
the case of a lost, stolen or destroyed Security may in its discretion, execute, and upon a Company Request the Trustee shall authenticate and deliver, or cause to be authenticated and delivered, a new Security of the same series bearing a number,
letter or other distinguishing symbol not contemporaneously outstanding, in exchange and substitution for the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen, or if any such Security shall have
become due and payable or shall be about to become due and payable, instead of issuing a substituted Security, the Company may pay or authorize the payment of the same without surrender thereof (except in the case of a mutilated Security). In every
case the applicant for a substituted Security shall furnish to the Company and to the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall
also furnish to the Company and to the Trustee evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof. 

Upon the issuance of any substituted Security under this Section 3.06, the Company may require the payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee and any Authenticating Agent) connected therewith. 

Every substituted Security of any series issued pursuant to the provisions of this Section 3.06 by virtue of the fact that any Security
of such series is destroyed, lost or stolen shall constitute an additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the
benefits of this Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder. All Securities shall be held and owned upon the express condition that the foregoing provisions of this Section 3.06
are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities and shall preclude (to the extent lawful) any and all other rights or remedies with respect to the replacement or payment of negotiable
instruments or other securities without their surrender. 
 Section 3.07. Temporary Securities. Pending the preparation
of definitive Securities of any series the Company may execute and the Trustee shall authenticate and deliver, or cause to be authenticated and delivered, temporary Securities of such series (printed, lithographed, typewritten, mimeographed or
otherwise produced). Temporary Securities shall be issuable in any authorized denomination and substantially in the form of the definitive Securities in lieu of which they are issued but with such omissions, insertions and variations as may be
appropriate for temporary Securities, all as may be determined by the Company with the concurrence of the Trustee. Every such temporary Security shall be executed by the Company and shall be authenticated by or on behalf of Trustee upon the same
conditions and in substantially the same manner, and with the same effect, as the definitive Securities in lieu of  

  
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which they are issued. Without unreasonable delay the Company will execute and deliver to the Trustee definitive Securities of such series and thereupon any or all temporary Securities of such
series may be surrendered in exchange therefor, at any of the offices or agencies of the Company maintained as provided in Section 12.02 hereof for such purpose, and the Trustee shall authenticate and deliver, or cause to be authenticated and
delivered, in exchange for such temporary Securities an equal aggregate principal amount of definitive Securities of such series. Such exchange shall be made by the Company at its own expense and without any charge therefor except that in case of
any such exchange involving any registration of transfer the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto. Until so exchanged, the temporary Securities of any
series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series authenticated and delivered hereunder. Notwithstanding the foregoing provisions of this Section 3.07, Global Securities
may remain in temporary form and, unless otherwise established as contemplated by Section 3.01, shall not be exchangeable for definitive Global Securities. 

Section 3.08. Payment of Interest; Interest Rights Preserved. The Holder at the close of business on any record date with
respect to any Interest Payment Date shall be entitled to receive the interest, if any, payable on such Interest Payment Date notwithstanding the cancellation of such Securities upon any transfer or exchange subsequent to the record date and prior
to such Interest Payment Date. Except as otherwise established as contemplated by Section 3.01 for Securities of a particular series, the term “record date” as used in this Section 3.08 with respect to any Interest Payment Date,
shall mean the last day of the calendar month preceding such Interest Payment Date if such Interest Payment Date is the fifteenth day of the calendar month, and shall mean the fifteenth day of the calendar month preceding such Interest Payment Date
if such Interest Payment Date is the first day of the calendar month, whether or not such day shall be a Business Day. 
 If and to
the extent the Company shall default in the payment of the interest due on such Interest Payment Date, such defaulted interest (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder on such record
date by virtue of having been such Holder; and such Defaulted Interest shall be paid by the Company, at its election in each case, as provided in clause (a) or (b) below: 

(a) The Company may make payment of any Defaulted Interest to the Holders entitled thereto at the close of business on a subsequent record
date established in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each applicable Security and the date of the proposed payment, and at the same time the Company
shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money when deposited to be held in trust for the benefit of the Holders entitled to such Defaulted Interest as in this clause (a) provided. Thereupon the Trustee shall fix a record date for the payment of such Defaulted Interest
which shall not be more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly
notify the Company of such record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the record date therefor to be delivered electronically or mailed first-class
postage prepaid, to each Holder entitled thereto at his address as it appears on the Securities Register, not less than 10 days prior to such record date. Notice of the proposed payment of such Defaulted Interest and the record date therefor
having been mailed as aforesaid, such Defaulted Interest shall be paid to the Holders of applicable Securities at the close of business on such record date (notwithstanding the cancellation of such Securities upon any transfer or exchange subsequent
to such record date and prior to such payment) and shall no longer be payable pursuant to the following clause (b). 
 (b) The Company may
make payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of such series may be listed, and upon such notice as may be
required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause (b), such manner of payment shall be deemed practicable by the Trustee. Subject to the foregoing provisions of this
Section 3.08, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such
other Security. 

  
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 Section 3.09. Persons Deemed Owners. Prior to the due presentment for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name any Security is registered as the owner of such Security for the purpose of receiving payment of principal of and
premium, if any and (subject to Section 3.08 hereof) interest, if any, on such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the
Trustee shall be affected by notice to the contrary. 
 None of the Company, the Trustee, any Paying Agent or the Securities
Registrar shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to
such beneficial ownership interests and they shall be protected in acting or refraining from acting on any such information provided by the Depositary. 

Section 3.10. Cancellation. All Securities surrendered for the purpose of payment, redemption, exchange or registration of
transfer or for credit against any sinking fund shall, if surrendered to the Company or any Paying Agent or any Securities Registrar, be surrendered to the Trustee and promptly cancelled by it, or, if surrendered to the Trustee, shall be promptly
cancelled by it, and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of cancelled Securities and deliver a certificate of such disposal to the Company
upon its request therefor unless, by a Company Order, the Company directs that such cancelled Securities be returned to it. If the Company shall acquire any of the Securities, however, such acquisition shall not operate as a redemption or
satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation. 

Section 3.11. Computation of Interest. Except as otherwise established as contemplated by Section 3.01 hereof for
Securities of any series, interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months. 

Section 3.12. CUSIP. The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if
so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the
Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers.
The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 
 ARTICLE FOUR  

REDEMPTION OF SECURITIES 

Section 4.01. Applicability of Article. The provisions of this Article shall be applicable to all Securities which are
redeemable before their Stated Maturity except as otherwise established as contemplated by Section 3.01 hereof for Securities of any series. 

Section 4.02. Election to Redeem; Notice to Trustee. The election of the Company to redeem any Securities of any series
shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the election of the Company of less than all of the Securities of a series, the Company shall, at least 30 days prior to the Redemption Date fixed by the
Company (unless a shorter notice shall be satisfactory to the Trustee) deliver to the Trustee an Officer’s Certificate setting forth such Redemption Date and the principal amount of Securities of such series to be redeemed and stating that no
default in payment of interest or Event of Default has occurred and is continuing with respect to the Securities of such series. 

Section 4.03. Selection by Trustee of Securities to Be Redeemed. If less than all the Securities of any series are to be
redeemed, the particular Securities of such series to be redeemed shall be selected not more than 60 days prior to the Redemption Date, from the Outstanding Securities of such series not previously called for redemption, by such method as the
Trustee shall deem fair and appropriate and in accordance with applicable Depositary procedures and which may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of such series or any
integral multiple thereof) of the principal of Securities of a denomination greater than the minimum authorized denomination for Securities of such series. 

  
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 For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be redeemed, whether or not such provisions
so provide. 
 Section 4.04. Notice of Redemption. Notice of redemption shall be given electronically or by first-class
mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at his address appearing in the Securities Register. Neither the failure to deliver such notice, nor
any defect in any notice so delivered, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. 

All notices of redemption shall state: 

(a) the Redemption Date, 
 (b)
the Redemption Price, and accrued interest, if any, 
 (c) if less than all Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the respective principal amounts) of the Securities of such series to be redeemed, 

(d) that on the Redemption Date the Redemption Price, together with accrued interest, if any, to the Redemption Date, will become due and
payable upon each such Security, and that interest thereon shall cease to accrue from and after said date, 
 (e) the place where such
Securities are to be surrendered for payment of the Redemption Price, and accrued interest, if any, 
 (f) that the redemption is for a
sinking fund, if that be the case, and 
 (g) the applicable CUSIP number, if any. 

Notice of redemption of the Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s
request, by the Trustee in the name and at the expense of the Company; provided that in the latter case the Company will give the Trustee at least 15 days prior notice of such request. 

Section 4.05. Deposit of Redemption Price. On or before any Redemption Date, the Company shall deposit with the Trustee or
with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 12.03 hereof) an amount of money sufficient to pay the Redemption Price of, and accrued interest, if any, on, all the
Securities or portions thereof which are to be redeemed on that date. 
 Section 4.06. Securities Payable on
Redemption Date. Notice of redemption having been given as aforesaid, the Securities or portions thereof so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price thereof together with accrued interest, if
any, thereon to the Redemption Date, and from and after such date (unless the Company shall default in the payment of the Redemption Price and such accrued interest, if any) such Securities or portions thereof shall cease to bear interest. Upon
surrender of such Securities for redemption in accordance with said notice such Securities or specified portions thereof shall be paid by the Company at the Redemption Price, together with any accrued interest to the Redemption Date. Installments of
interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities registered as such on the relevant record dates according to their terms and the provisions of Section 3.08 hereof.

  
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 If any Security called for redemption shall not be so paid upon surrender thereof on such
Redemption Date, the principal and premium, if any, shall, until paid, bear interest from the Redemption Date at the rate borne by the Security. 

Section 4.07. Securities Redeemed in Part. Security of any series which is to be redeemed only in part shall be surrendered
at the Place of Payment (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly
authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver, or cause to be authenticated and delivered, to the Holder of such Security without service charge, a new Security or Securities of the same series
of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal amount of the Security so surrendered. 

ARTICLE FIVE  

SINKING FUNDS 

Section 5.01. Applicability of Article. The provisions of this Article shall be applicable to any sinking fund for the
retirement of Securities except as otherwise established as contemplated by Section 3.01 for Securities of any series. 
 The
minimum amount of any sinking fund payment established as contemplated by Section 3.01 for Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any permitted payment in excess of such minimum
amount established as contemplated by Section 3.01 for Securities of any series is herein referred to as an “optional sinking fund payment.”. 

Section 5.02. Satisfaction of Mandatory Sinking Fund Payments with Securities. In lieu of making all or any part of any
mandatory sinking fund payment with respect to any Securities of a series in cash, the Company may at its option (a) deliver to the Trustee Securities of that series theretofore purchased or otherwise acquired by the Company, or
(b) receive credit for the principal amount of Securities of that series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund
payments pursuant to the terms of such Securities; provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such
Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly. 

Section 5.03. Redemption of Securities for Sinking Fund. Not less than 60 days prior to each sinking fund payment date
for the Securities of any series, the Company will deliver to the Trustee a certificate signed by the Treasurer or any Assistant Treasurer of the Company specifying the amount of such next ensuing mandatory sinking fund payment, 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 Securities of such series pursuant to Section 5.02 (which Securities will accompany such certificate) and
whether the Company intends to make any permitted optional sinking fund payment in connection therewith. Such certificate shall also state that no Event of Default has occurred and is continuing with respect to Securities of such series. Such
certificate shall be irrevocable and upon its delivery the Company shall be obligated to make the cash payment or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. In the case of the failure of the
Company to deliver such certificate when due (or to deliver the Securities specified in this Section 5.03) the sinking fund payment due on the next succeeding sinking fund payment date for Securities of that series shall be paid entirely in
cash and shall be sufficient to redeem the principal amount of such Securities subject to a mandatory sinking fund payment without the option to deliver or credit Securities as provided in Section 5.02 and without the right to make any optional
sinking fund payment, in connection therewith. 
 Any sinking fund payment or payments (mandatory or optional) with respect to the
Securities of any particular series made in cash plus any unused balance of any preceding sinking fund payments with respect to Securities of such series made in cash which shall equal or exceed $100,000 or the equivalent thereof in the Foreign
Currency in which such series is denominated (or a lesser sum if the Company shall so request) shall be applied by 

  
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the Trustee on the sinking fund payment date on which such payment is made (or, if such payment is made before a sinking fund payment date, on the sinking fund payment date following the date of
such payment) to the redemption of such Securities at the Redemption Price specified in such Securities for operation of the sinking fund together with accrued interest, if any, to the date fixed for redemption. Any sinking fund moneys not so
applied or allocated by the Trustee to the redemption of such Securities shall be added to the next cash sinking fund payment received by the Trustee for Securities of such series and, together with such payment, shall be applied in accordance with
the provisions of this Section 5.03. Any and all sinking fund moneys with respect to the Securities of any particular series held by the Trustee on the last sinking fund payment date with respect to Securities of such series and not held for
the payment or redemption of particular Securities shall be applied by the Trustee, together with other moneys, if necessary, to be deposited sufficient for the purpose, to the payment of the principal of the Securities of such series at Maturity.

 The Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in the first paragraph
of Section 4.03 hereof and the Company shall cause notice of the redemption thereof to be given in the manner provided in Section 4.04 hereof. Such notice having been duly given, the redemption of such Securities shall be made upon the
terms and in the manner stated in Sections 4.06 and 4.07 hereof. 
 On or before any sinking fund payment date, the Company shall
deposit with the Trustee an amount of money sufficient to pay any interest accrued to the Redemption Date for Securities or portions thereof to be redeemed on such sinking fund payment date pursuant to this Section 5.03. 

The Trustee shall not redeem any Securities of any series with sinking fund moneys or deliver any notice of redemption of Securities of such
series by operation of the sinking fund therefor during the continuance of a default in payment of interest on Securities of such series or of any Event of Default (other than an Event of Default occurring as a consequence of this paragraph) with
respect to Securities of such series, except that if the notice of redemption of any Securities of such series shall theretofore have been mailed in accordance with the provisions hereof, the Trustee shall redeem such Securities if cash sufficient
for that purpose shall be deposited with the Trustee for that purpose in accordance with the terms of this Article. Except as aforesaid, any moneys in the sinking fund for Securities of such series at the time when any such default or Event of
Default shall occur and any moneys thereafter paid into such sinking fund shall, during the continuance of such default or Event of Default, be held as security for the payment of such Securities; provided, however, that in case such
Event of Default or default shall have been cured or waived as, provided herein, such moneys shall thereafter be applied on the next sinking fund payment date for such Securities on which such moneys may be applied pursuant to the provisions of this
Section 5.03. 
 ARTICLE SIX  

DISCHARGE OF INDENTURE; DEFEASANCE 

Section 6.01. Discharge of Liability on Securities; Defeasance. (a) With respect to any Securities of or within a
series, when (i) the Company delivers to the Trustee all Outstanding Securities of such series that have not already been delivered to the Trustee for cancellation or (ii)(A) all Outstanding Securities have become due and payable, whether at
maturity, as a result of repayment at the option of the Holders or as a result of the mailing or electronic delivery of a notice of redemption pursuant to Article Four hereof or (B) the Securities of such series shall become due and payable at
their Stated Maturity within one year, or the Securities of such series 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, and, in each case of this clause (ii), the Company irrevocably deposits or causes to be deposited with the Trustee in trust funds in U.S. dollars in an amount sufficient to pay at maturity or upon redemption all Outstanding
Securities of such series, including interest thereon to maturity or such redemption date, and if in the case of either clause (i) or (ii) the Company pays all other sums payable hereunder by the Company, then this Indenture shall, subject
to Section 6.01(c), 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 from the Company and an Opinion of Counsel from
the Company that all conditions precedent provided herein relating to satisfaction and discharge of this Indenture have been complied with. 

  
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 (b) Subject to Sections 6.01(c) and 6.02, the Company at any time may terminate (i) all of
its obligations under the Securities of any series and this Indenture (“legal defeasance option”) or (ii) the operation of Sections 7.01(d), 7.01(e), 7.01(f) and 7.01(i) (“covenant defeasance option”) and, if specified
pursuant to Section 3.01, its obligations under any other covenant. The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. 

If the Company exercises its legal defeasance option with respect to the Securities of any series, payment of the Securities of such series
may not be accelerated because of an Event of Default. If the Company exercises its covenant defeasance option, payment of the Securities may not be accelerated because of an Event of Default specified in Sections 7.01(d), 7.01(e), 7.01(f) and
7.01(i). 
 Upon satisfaction of the conditions set forth herein and upon request of the Company, the Trustee shall acknowledge in writing
the discharge of those obligations that the Company terminates. 
 (c) Notwithstanding clauses (a) and (b) above, the
Company’s obligations in Sections 3.06, 6.04, 6.05, 6.06, 8.07, 8.10, 12.01, 12.02 and 12.04 shall survive until the Securities of such series have been paid in full. Thereafter, the Company’s and the Trustee’s obligations in Sections
6.04, 6.05 and 8.07 shall survive such satisfaction and discharge. 
 Section 6.02. Conditions to Defeasance. The Company
may exercise its legal defeasance option or its covenant defeasance option with respect to a series of Securities only if: 
 (i) the
Company irrevocably deposits or causes to be deposited in trust with the Trustee U.S. dollars or U.S. Government Obligations, or both, which through the scheduled payment of principal and interest in respect thereof in accordance with their terms
shall provide cash at such times and in such amounts as shall be sufficient to pay principal and interest when due on all Outstanding Securities of such series (except Securities replaced pursuant to Section 3.06) to maturity or redemption, as
the case may be; 
 (ii) the Company delivers to the Trustee a certificate from a nationally recognized firm of independent accountants
expressing their opinion that the payments of principal and interest when due and without reinvestment on the deposited U.S. Government Obligations plus any deposited money without investment shall provide cash at such times and in such amounts as
shall be sufficient to pay principal and interest when due on all Outstanding Securities of such series to maturity or redemption, as the case may be; 

(iii) 91 days pass after the deposit is made and during the 91-day period no default specified in Section 7.01(g) or (h) occurs
which is continuing at the end of the period; 
 (iv) 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 defeating, hindering, delaying or defrauding any creditors of the Company or any Subsidiary Guarantors; 

(v) in the case of the legal defeasance option, the Company shall have delivered to the Trustee an Opinion of Counsel stating 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 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 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; 

(vi) in the case of the covenant defeasance option, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that
the Holders of 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; and 

  
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 (vii) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent to the defeasance and discharge of the Securities as contemplated by this Article Six have been complied with. 

Before or after a deposit, the Company may make arrangements satisfactory to the Trustee for the redemption of Securities at a future date in
accordance with Article Four. 
 Section 6.03. Application of Trust Money. The Trustee shall hold in trust money or U.S.
Government Obligations deposited with it pursuant to this Article Six. It shall apply the deposited money and the money from U.S. Government Obligations either directly or through the Paying Agent as the Trustee may determine and in accordance with
this Indenture to the payment of principal of and interest on the Securities. 
 Section 6.04. Repayment to the
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 that remains unclaimed for two years after the date of payment of such principal and interest, and, thereafter, Holders of Securities of the applicable series entitled to the money must look to
the Company for payment as general creditors. 
 Any unclaimed funds held by the Trustee pursuant to this Section 6.04 shall be held
uninvested and without any liability for interest. 
 Section 6.05. Indemnity for Government Obligations. The Company
shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations. 

Section 6.06. Reinstatement. If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in
accordance with this Article Six by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under
this Indenture and the Securities of the applicable series shall be revived and reinstated as though no deposit had occurred pursuant to this Article Six until such time as the Trustee or Paying Agent is permitted to apply all such money or U.S.
Government Obligations in accordance with this Article Six; provided, however, that (a) if the Company has made any payment of interest on or principal of any Securities following the reinstatement of its obligations, the Company
shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent and (b) unless otherwise required by any legal proceeding or any order
or judgment of any court or governmental authority, the Trustee or Paying Agent shall return all such money and U.S. Government Obligations to the Company promptly after receiving a written request therefor at any time, if such reinstatement of the
Company’s obligations has occurred and continues to be in effect. 
 ARTICLE SEVEN  

REMEDIES 

Section 7.01. Events of Default. 

“Event of Default” whenever used herein with respect to Securities of any series means any one of the following events and such other
events as may be established with respect to the Securities of such series as contemplated by Section 3.01 hereof, continued for the period of time, if any, and after the giving of notice, if any, designated herein or therein, as the case may
be, unless the same is either not applicable to the Securities of such series or is deleted or modified in the terms of the Securities of such series established as contemplated by Section 3.01 hereof: 

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

  
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 (b) default in the payment of the principal or premium, if any, on any Security of such series at
its Maturity, upon optional redemption or otherwise; or 
 (c) default in the making or satisfaction of any sinking fund payment or
analogous obligation when the same becomes due and payable by the terms of the Securities of such series; or 
 (d) the Company or, if
Guarantees are issued, any Subsidiary Guarantor fails to comply with any of its agreements in respect of the Securities of such series contained in this Indenture or in such Securities (other than a covenant or warranty in respect of the Securities
of such series a default in whose performance or whose breach is elsewhere in this Section 7.01 specifically dealt with) or established as contemplated by Section 3.01 hereof for the Securities of such series, and such failure continues
for 90 days after the notice specified below; 
 (e) A failure to make any payment at maturity, including any applicable grace period, in
respect of Indebtedness of the Company or any of its Subsidiaries (other than Indebtedness of the Company or any of its Subsidiaries owing to the Company or any of its Subsidiaries) in an amount in excess of $35,000,000 or the equivalent thereof in
any other currency or composite currency and such failure shall have continued for 30 days after the notice specified below; provided, however, that if any such failure shall cease, or be cured, waived, rescinded or annulled, then the
Event of Default by reason thereof shall be deemed likewise to have been cured; 
 (f) a default with respect to any Indebtedness of the
Company or any of its Subsidiaries (other than Indebtedness of the Company or of any of its Subsidiaries owing to the Company or any of its Subsidiaries), which default results in the acceleration of such Indebtedness in an amount in excess of
$35,000,000 or the equivalent thereof in any other currency or composite currency without such Indebtedness having been discharged or such acceleration having been cured, waived, rescinded or annulled for a period of 30 days after written notice
specified below; provided, however, that if any such default or acceleration shall be cured, waived, rescinded or annulled then the Event of Default by reason thereof shall be deemed likewise to have been cured; or 

(g) the Company or, if Guarantees are issued, any Subsidiary Guarantor, pursuant to or within the meaning of any Bankruptcy Law: 

(A) commences a voluntary case; 

(B) consents to the entry of an order for relief against it in an involuntary case in which it is the debtor; 

(C) consents to the appointment of a Custodian of it or for any substantial part of its property; or 

(D) makes a general assignment for the benefit of its creditors; 

or takes any comparable action under any foreign laws relating to insolvency; 

(h) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(A) is for relief against the Company or, if Guarantees are issued, any Subsidiary Guarantor in an involuntary case; 

(B) appoints a Custodian of the Company or for any substantial part of the property of the Company or, if Guarantees are issued, any
Subsidiary Guarantor; or 
 (C) orders the winding up or liquidation of the Company or, if Guarantees are issued, any Subsidiary Guarantor;

  
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 (or any similar relief is granted under any foreign laws) and the order, decree or relief remains
unstayed and in effect for 60 consecutive days; or 
 (i) if Guarantees are issued, the Guarantee of any Subsidiary Guarantor ceases to be
in full force and effect during its term or such Subsidiary Guarantor denies or disaffirms in writing its obligations under the terms of this Indenture or its Guarantee, in each case, other than any such cessation, denial or disaffirmation in
connection with the termination of such Guarantee pursuant to the provisions of Article Thirteen. 
 The foregoing will constitute Events of
Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is 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. 
 The term “Bankruptcy Law” means Title 11, United States Code, 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. 

If any failure, default or acceleration referred to in clauses (e) or (f) above shall cease or be cured, waived, rescinded or
annulled, then the Event of Default hereunder by reason thereof shall be deemed likewise to have been thereupon cured. 
 A Default with
respect to Securities of such series under clauses (d), (e) or (f) of this Section 7.01 is not an Event of Default until the Trustee (by notice to the Company) or the Holders of at least 25% in aggregate principal amount of at least
25% in principal amount of the Outstanding Securities of such series (by notice to the Company and the Trustee) gives notice of the Default and the Company does not cure such Default within the time specified in said clause (d), (e) or
(f) after receipt of such notice. Such notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of Default”. 

The Company shall deliver to the Trustee, within 30 days after the occurrence thereof, written notice in the form of an Officers’
Certificate of any event which with the giving of notice or the lapse of time would become an Event of Default, its status and what action the Company is taking or proposes to take with respect thereto. 

Section 7.02. Acceleration of Maturity; Rescission and Annulment. If an Event of Default with respect to Securities of any
series at the time outstanding (other than an Event of Default specified in Section 7.01(g) or 7.01(h) with respect to the Company) occurs and is continuing, then and in each and every such case, unless the principal of all of the Securities of
such series shall have already become due and payable, the Trustee by notice to the Company or the Holders of not less than 25% in aggregate principal amount of the Outstanding Securities of such series by notice to the Company and the Trustee may,
and the Trustee at the request of such Holders, shall, declare the principal amount of (or, if the Securities of such series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such
series), premium, if any, and accrued and unpaid interest on all the Securities of such series to be due and payable immediately. 

If an Event of Default with respect to Securities of any series at the time outstanding specified in Section 7.01(g) or 7.01(h) with
respect to the Company occurs and is continuing, the principal of (or, if the Securities of such series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such series) premium, if any,
and accrued and unpaid interest on all of the Securities of such series shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. 

At any time after such a declaration of acceleration has been made and before a judgment or decree for payment of the money due has been
obtained or entered as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of such series, by written notice to the Company and the Trustee, may waive all defaults with respect to such
Securities and rescind and annul such declaration and its consequences if all existing Events of Default with respect to Securities of such series have been cured or waived except nonpayment of principal of, premium, if any, or interest on such
Securities that has become due solely because of such acceleration. 

  
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 No such waiver and rescission shall affect any subsequent default or impair any right consequent
thereon. 
 Section 7.03. Collection of Indebtedness and Suits for Enforcement by Trustee. The Company covenants that
if 
 (a) default is made in the payment of any installment of interest on any Security of any series when such interest becomes due
and payable and such default continues for a period of 30 days, 
 (b) default is made in the payment of all or any part of the
principal of (or premium, if any, on) any Security of any series at the Maturity thereof, or 
 (c) default is made in the making or
satisfaction of any sinking fund payment or analogous obligation when the same becomes due pursuant to the terms of the Securities of any series established as contemplated by Section 3.01, 

the Company will, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holder of any such Security (or Holders of Securities of any such
series in the case of clause (c) above), the whole amount then due and payable on any such Security (or Securities of any such series in the case of clause (c) above) for principal, premium, if any, and interest, if any, with interest upon
the overdue principal (and premium, if any) and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installment of interest, at the Overdue Rate of any such Security (or Securities of any such series in the
case of clause (c) above); and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of such Trustee, its
agents and counsel, and all other amounts owing the Trustee under Section 8.07. 
 If the Company fails to pay such amounts forthwith
upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decrees, and may enforce
the same against the Company or any other obligor upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever
situated. 
 If an Event of Default occurs and is continuing with respect to the Securities of any series, the Trustee may in its discretion
proceed to protect and enforce its rights and the rights of the Holders of the Securities of such series by such appropriate judicial proceedings as such Trustee shall deem necessary 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 7.04. Trustee May File Proofs of Claim. The Trustee (irrespective of whether the principal of the Securities of any
series shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and
empowered, by intervention in such proceeding or otherwise, 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 of such series or the property of the Company or of such other obligor or their creditors, 

(i) to file and prove a claim or claims for the whole amount of principal (or, if the Securities of such series are Original Issue Discount
Securities, such portion of the principal amount as may be due and payable with respect to such series pursuant to a declaration in accordance with Section 7.02 hereof), premium, if any, and interest, if any, owing and unpaid in respect of the
Securities of such series 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 of the Securities of such series allowed in such judicial proceeding, and 

  
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 (ii) to collect and receive any moneys or other property payable or deliverable on any such
claims and to distribute the same; 
 and any receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that such Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts, due the Trustee under Section 8.07 hereof. 

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 of any series 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 7.05. Trustee May Enforce Claims without Possession of Securities. All rights of action and claims under this
Indenture or the Securities of any series may be prosecuted and enforced by the Trustee without the possession of any of the Securities of such series or the production thereof in any proceeding relating thereto, and any such proceeding instituted
by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 

Section 7.06. Application of Money Collected. Any moneys 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 premium, if any) or interest, if any, upon presentation of the several Securities with respect to which such
moneys were collected, 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 8.07 hereof. 

SECOND: To the payment of the amounts then due and unpaid upon such Securities for principal (and premium, if any) and interest, if any, in
respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal (and premium, if any) and interest, if any,
respectively. 
 THIRD: The balance, if any, to the Company. 

Section 7.07. Limitation on Suits. No Holder of any Security of any series shall have any right to institute any
proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee (or other similar official), or for any other remedy hereunder, unless 

(1) an Event of Default shall have occurred and be continuing and such Holder previously shall have given to the Trustee written notice of
default with respect to the Securities of such series and of the continuance thereof; 
 (2) the Holders of not less than 25% in principal
amount of the Outstanding Securities of such series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3) such Holder or Holders have offered to the Trustee indemnity satisfactory to it against the costs, expenses and liabilities to be incurred
in compliance with such request; 
 (4) the Trustee for 60 days after receipt of such notice, request and offer of indemnity has failed
to institute any such proceeding; and 

  
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 (5) no direction inconsistent with such written request has been given to the Trustee during such
60-day period by the Holders of a majority in principal amount of the Outstanding Securities of such series; 
 it being understood and intended that no one
or more Holders of Securities of such series shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other Holders of Securities of such series,
or to obtain or to seek to obtain priority or preference over any other such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all the Holders of the Securities of
such series. 
 Section 7.08. Unconditional Right of Holders to Receive Principal, Premium and Interest. Notwithstanding
any other provision of this Indenture, the Holder of a Security of any series shall have the right which is absolute and unconditional to receive payment of the principal of (and premium, if any) and (subject to Section 3.08) interest, if any,
on such Security on the respective 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 7.09. Restoration of Rights and Remedies. If the Trustee or any Holder has
instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the
Company, the Trustee and such Holder shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of such Trustee and such Holder shall
continue as though no such proceeding had been instituted. 
 Section 7.10. Rights and Remedies Cumulative. No
right or remedy herein conferred upon or reserved to the Trustee or to the Holders of the Securities of any series 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 7.11. Delay or Omission Not Waiver.
No delay or omission of the Trustee or of the Holders of the Securities of any series 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 such Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by such Holders, as the case may be.

 Section 7.12. 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, provided that 

(a) such direction shall not be in conflict with any rule of law or with this Indenture, unduly prejudice the rights of the Holders or involve
the Trustee in personal liability (it being understood that the Trustee shall have no obligation to make any determination with respect to such conflict, prejudice or liability), and 

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

Section 7.13. 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 and its consequences, except a default. 

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

  
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 (b) in respect of a covenant or provision hereof which under Article Eleven hereof cannot be
modified or amended without the consent of the Holder of each Outstanding Security affected. 
 Upon any such waiver, such default shall
cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

Section 7.14. Undertaking for Costs. All parties to this Indenture agree, and each Holder of a 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 or omitted by it as Trustee,
the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in
such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 7.14 shall not apply to any suit instituted by such 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 premium, if any)
or interest, if any, on any Security on or after the respective Stated Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date). 

Section 7.15. Waiver of Stay or Extension Laws. The Company covenants (to the extent that it may lawfully do so) that it
will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance
of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the
Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE EIGHT
 
 THE TRUSTEE 

Section 8.01. Certain Duties and Responsibilities. 

(a) Except during the continuance of an Event of Default with respect to the Securities of any series, 

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

(ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the
opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to
be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate mathematical calculations or other facts stated
therein). 
 (b) In case an Event of Default has occurred and is continuing with respect to the Securities of any series, the Trustee shall
exercise such of the rights and powers vested in it by this Indenture with respect to the Securities of such series, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the
conduct of his own affairs. 

  
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 (c) No provision of this Indenture shall be construed to relieve the Trustee from liability for
its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (i) this Subsection shall not be
construed to limit the effect of Subsection (a) of this Section 8.01; 
 (ii) the Trustee shall not be liable for any error of
judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

(iii) the Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it in respect of the 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 pursuant to Section 7.12 relating to the time, method and place of conducting any proceeding
for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture; and 
 (iv) no
provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have
reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 

(d) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or
affording protection to the Trustee shall be subject to the provisions of this Section 8.01. 
 Section 8.02. Notice of
Defaults. Within 90 days after the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall transmit electronically or by mail to all Holders of the Securities of such series, as their names and
addresses appear in the Securities Register, notice of such default hereunder with respect to the Securities of such series known to the Trustee, unless such default shall have been cured or waived; provided, however, that, except in
the case of a default in the payment of principal of (or premium, if any) or interest, if any, on any Security of such series, or in the payment of any sinking fund installment or analogous obligation in respect thereof, the Trustee shall be
protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the
interest of such Holders; and provided, further, that in the case of any default of the character specified in Section 7.01(d) hereof no such notice to Holders shall be given until at least 30 days after the occurrence
thereof. For the purpose of this Section 8.02, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default. 

Section 8.03. Certain Rights of Trustee. Subject to Section 8.01 hereof: 

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

(b) any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Company Request or a Company
Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (c) whenever in the
administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in
the absence of bad faith on its part, rely upon an Officer’s Certificate; 

  
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 (d) the Trustee may consult with counsel of its selection and the advice of such counsel or any
Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith in reliance thereon; 

(e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or
direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to such Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with
such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into
such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the
expense of the Company and shall incur no liability of any kind by reason of such inquiry; 
 (g) the Trustee may execute any of the trusts
or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it
hereunder; 
 (h) The Trustee shall not be deemed to have knowledge of an Event of Default unless a Responsible Officer of the Trustee shall
have received actual written notification or obtained actual knowledge; 
 (i) delivery of reports, information and documents to the Trustee
under Section 9.04 is for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including
the Company’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates); 

(j) in no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever
(including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 

(k) the rights, privileges, protections, immunities and benefits given to the Trustee pursuant to 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, custodian and other Person employed to act hereunder; 

(l) the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and reasonably believed by it
to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; and 
 (m) the Trustee may request that
the Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture. 

Section 8.04. Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Securities,
except the certificates of authentication, shall be taken as the statements of the Company, and the Trustee and any Authenticating Agent assume no responsibility for their correctness. The Trustee and any Authenticating Agent make no representations
as to the validity or sufficiency of this Indenture or of the Securities. The Trustee and any Authenticating Agent shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 

Section 8.05. May Hold Securities. The Trustee, any Paying Agent, Securities Registrar, Authenticating Agent or any other
agent of the Company or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities of any series and may otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying
Agent, Securities Registrar, Authenticating Agent or such other agent. 

  
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 Section 8.06. Money Held in Trust. Money held by the Trustee in trust
hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on or investment of any money received by it hereunder except as otherwise agreed in writing with the
Company and for the sole benefit of the Company. 
 Section 8.07. Compensation and Reimbursement. The Company and
the Subsidiary Guarantors, jointly and severally, agree: 
 (a) to pay to the Trustee from time to time reasonable compensation for
all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(b) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and
advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel and of any Authenticating Agent), except to the extent
any such expense, disbursement or advance shall have been caused by its negligence, bad faith or willful misconduct; and 
 (c) to indemnify
each of the Trustee or any predecessor Trustee and their agents for, and to hold them harmless against, any loss, claim, damage, liability or expense arising out of or in connection with the acceptance or administration of this trust and performance
of their duties hereunder, including the costs and expenses, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee), and including fees and disbursements of their counsel of defending themselves against
any claim or liability in connection with the exercise or performance of any of their powers or duties hereunder, except as to the Trustee or any agent to the extent any such loss, liability or expense shall have been caused by its own negligence,
bad faith or willful misconduct. 
 As security for the performance of the obligations of the Company under this Section 8.07, the
Trustee shall have a lien prior to the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) or interest, if any, on particular Securities.
The provisions of this Section 8.07 shall survive any Trustee succession, resignation or removal, and the satisfaction and discharge of this Indenture. “Trustee” for purposes of this Section 8.07 shall include any predecessor
trustee but the negligence, bad faith or willful misconduct of any Trustee shall not affect the rights of any other Trustee under this Section 8.07. 

When the Trustee incurs expenses or renders services after the occurrence of an Event of Default specified in Section 7.01(g) or
Section 701(h), the expenses (including the reasonable charges and expenses of counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable Federal or state bankruptcy, insolvency or
other similar law. 
 Section 8.08. Disqualification; Conflicting Interests. Reference is made to Section 310(b) of
the Trust Indenture Act. For purposes of Section 310(b)(l) of the Trust Indenture Act no Trustee shall be deemed to have a conflicting interest by virtue of being Trustee for the Securities of more than one series. 

Section 8.09. Corporate Trustee Required; Different Trustees for Different Series; Eligibility. There shall at all times be
a Trustee hereunder for the Securities of each series which shall be a corporation organized and doing business under the laws of the United States of America or of any State or the District of Columbia authorized under such laws to exercise
corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by Federal or State authority, and, if there is such a corporation that has a corporate trust office in the Borough of
Manhattan, The City of New York, the State of New York, or in such other city as shall be established as contemplated by Section 3.01 with respect to the Securities of any series that is willing to act upon reasonable and customary terms,
having a corporate trust office in the Borough of Manhattan or such other  

  
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city. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of
this Section 8.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. A different Trustee may be appointed by the Company
for the Securities of each series prior to the issuance of such Securities. If the initial Trustee for the Securities of any series is to be other than The Bank of New York Mellon Trust Company, N.A., the Company and such Trustee shall, prior to the
issuance of such Securities, execute and deliver an indenture supplemental hereto, which shall provide for the appointment of such Trustee as Trustee for the Securities of such series and shall add to or change any of the provisions of this
Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of
the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee. If at any time the Trustee for the Securities of any series shall
cease to be eligible in accordance with the provisions of this Section 8.09, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

Section 8.10. Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Trustee for the Securities of any series and no appointment of a successor Trustee for the Securities of
such series pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee under Section 8.11 hereof. 

(b) The Trustee, or any Trustee or Trustees hereafter appointed for the Securities of any series, may resign at any time with respect to the
Securities of one or more or all such series by giving written notice thereof to the Company. If an instrument of acceptance by a successor Trustee for the Securities of any series shall not have been delivered to the Trustee for the Securities of
such series within thirty days after the giving of such notice of resignation, the resigning Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee for the Securities of such
series. 
 (c) The Trustee for the Securities of any series may be removed at any time with respect to one or more or all such series by Act
of the Holders of a majority in aggregate principal amount of the Outstanding Securities of such one or more series (each voting as a class) delivered to such Trustee and to the Company. If an instrument of acceptance by a successor Trustee for the
Securities of any series shall not have been delivered to the Trustee for the Securities of such series within thirty days after the giving of such notice of removal, the Trustee to be removed may petition at the expense of the Company any court of
the competent jurisdiction for the appointment of a successor Trustee for the Securities of such series. 
 (d) If at any time: 

(i) the Trustee for the Securities of any series shall fail to comply with Section 310(b) of the Trust Indenture Act with respect to the
Securities of such series after written request therefor by the Company or by any Holder of Securities of such series who has been a bona fide Holder of a Security of such series for at least six months, or 

(ii) such Trustee shall cease to be eligible under Section 8.09 hereof and shall fail to resign after written request therefor by the
Company or by any such Holder of Securities, or 
 (iii) such Trustee shall become incapable of acting with respect to the Securities of
such series or shall be adjudged a bankrupt or insolvent or a receiver of such Trustee or of its property shall be appointed or any public officer shall take charge or control of such Trustee or of its property or affairs for the purpose of
rehabilitation, conservation or liquidation, then, in any such case, (1) the Company by a Board Resolution may remove the Trustee, or (2) subject to Section 7.14 hereof, any Holder of a Security of such series who has been a bona fide
Holder of such Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of such Trustee and the appointment of a successor Trustee for the Securities
of such series. 

  
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 (e) If the Trustee for the Securities of any series shall resign, be removed or become incapable
of acting, or if a vacancy shall occur in the office of Trustee for the Securities of any series for any cause, the Company, by a Board Resolution, shall promptly appoint a successor Trustee for the Securities of such series. If, within one year
after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee for the Securities of such series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of
such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee for the Securities of such series and supersede the successor
Trustee appointed by the Company. If no successor Trustee for the Securities of such series shall have been so appointed by the Company or such Holders and accepted appointment in the manner hereinafter provided, any Holder who has been a bona fide
Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee for the Securities of such series. 

(f) The Company shall give notice of each resignation and each removal of the Trustee for the Securities of any series and each appointment of
a successor Trustee for the Securities of such series by delivering written notice of such event electronically or by first-class mail, postage prepaid, to the Holders of the Securities of such series as their names and addresses appear in the
Securities Register. Each notice shall include the name of such successor Trustee and the address of its Corporate Trust Office. 

Section 8.11. Acceptance of Appointment by Successor. Every successor Trustee appointed hereunder shall execute,
acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act,
deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an
instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder,
subject nevertheless to its lien, if any, provided for in Section 8.07 hereof. Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such
successor Trustee all such rights, powers and trusts. 
 In case of the appointment hereunder of a successor Trustee for the
Securities of one or more (but not all) series, the Company, the predecessor Trustee and each successor Trustee for the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such
provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee for the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be
vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that
nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee. 
 No successor Trustee for the Securities of any series shall accept its appointment unless at the
time of such acceptance such successor Trustee shall be qualified under Section 310(b) of the Trust Indenture Act and eligible under Section 8.09. 

Section 8.12. Merger, Conversion, Consolidation or Succession to Business. Any corporation into which the Trustee for the
Securities of any series may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Trustee shall be a party, or any corporation succeeding to all or
substantially all of the corporate trust business of such Trustee, shall be the successor of the Trustee for such series hereunder, provided such corporation shall be, with respect to such series, otherwise qualified and eligible under this Article,
without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities of any series shall have been authenticated, but not  

  
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delivered, by the Trustee for such series or an Authenticating Agent for such series, then in office, any successor by merger, conversion or consolidation to such authenticating Trustee or
Authenticating Agent, as the case may be, may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee or successor Authenticating Agent had itself authenticated such Securities. 

Section 8.13. Preferential Collection of Claims against Company. Reference is made to Section 311 of the Trust
Indenture Act, for purposes of which: 
 (i) The term “cash transaction” means any transaction in which full payment for
goods or securities sold is made within seven days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon demand. 

(ii) The term “self-liquidating paper” means any draft, bill of exchange, acceptance or obligation which is made, drawn, negotiated
or incurred by the Company for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing title to possession of, or a lien upon, the goods,
wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee simultaneously with the creation of the creditor
relationship with the Company arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation. 

Section 8.14. Authenticating Agent. The Trustee may appoint an Authenticating Agent for the Securities of each series which
shall be acceptable to the Company, to act on behalf of such Trustee and subject to its direction in connection with the authentication of the Securities of such series. Each Authenticating Agent shall at all times be a corporation organized and
doing business under the laws of the United States of America or of any State, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, and subject to supervision or examination by
Federal or State authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 8.14 the
combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. 

Securities of any series authenticated by the Authenticating Agent for the Securities of such series shall be entitled to the benefits of this
Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee for the Securities of such series. Whenever reference is made in this Indenture to the authentication and delivery of Securities of any series by the
Trustee or such Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by the Authenticating Agent for the Securities of such series and a certificate of
authentication executed on behalf of the Trustee by such Authenticating Agent. 
 Any corporation into which any Authenticating Agent may be
merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which any Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency business of
any Authenticating Agent, shall continue to be the Authenticating Agent with respect to the Securities of all series for which it served as Authenticating Agent without the execution or filing of any paper or any further act on the part of the
Trustee or such Authenticating Agent. 
 Any Authenticating Agent may at any time resign by giving written notice of resignation to the
Trustee and to the Company. The Trustee may at any time terminate the agency of any Authenticating Agent for the Securities of any series by giving written notice of termination to such Authenticating Agent and to the Company. Upon receiving such a
notice of resignation or upon such a termination, or in case at any time any Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 8.14, with respect to the Securities of one or more or all series,
the Trustee promptly shall appoint a successor Authenticating Agent which shall be acceptable to the Company, and upon doing so shall give written notice of such appointment to the Company and shall mail notice of such appointment to all Holders of
the Securities of such series as the names and addresses of such Holders appear upon the Securities Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers, duties and
responsibilities of its predecessor hereunder with like effect as if originally appointed as Authenticating Agent hereunder. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section 8.14. 

  
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 The Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation
for its services, and the Trustee shall be entitled to be reimbursed for such payments subject to the provisions of Section 8.07 hereof. 

ARTICLE NINE  

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

Section 9.01. Company to Furnish Trustee Names and Addresses of Holders. The Company will furnish or cause to be furnished
to the Trustee (a) semi-annually, on a date not more than 15 days after each regular record date with respect to an Interest Payment Date, if any, for the Securities of each series, and (b) on semi-annual dates in each year to be
established as contemplated by Section 3.01 hereof if the Securities of any series do not bear interest and (c) at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such
request, a list in such form as the Trustee may reasonably require containing all the information in the possession or control of the Company, or any of its Paying Agents other than the Trustee, as to the names and addresses of the Holders of the
Securities of such series, obtained since the date as of which the next previous list, if any, was furnished. Any such list may be dated as of a date not more than 15 days prior to the time such information is furnished or caused to be
furnished and need not include information received after such date; provided, however, that as long as the Trustee is the Securities Registrar for the Securities of such series, no such list shall be required to be furnished.

 Section 9.02. Preservation of Information; Communications to Holders. 

The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of the Securities of each
series contained in the most recent list furnished to such Trustee as provided in Section 9.01 hereof or in the Securities Register if such Trustee be the Securities Registrar for such series and the names and addresses of Holders received by
the Trustee in its capacity as Paying Agent for the Securities of such series. The Trustee may destroy any list furnished to it as provided in Section 9.01 hereof upon receipt of a new list so furnished. 

Section 9.03. Reports by Trustee. 

(a) Within 60 days after the first May 15 which occurs not less than 60 days following the first date of issuance of the
Securities of any series under this Indenture and within 60 days after May 15 in every year thereafter, the Trustee shall transmit to all Holders of such series, as their names and addresses appear in the Securities Register, any brief
report, dated as of such May 15, required by Section 313(a) of the Trust Indenture Act and at such other times in such manner such other reports as may be required by Section 313 of the Trust Indenture Act in each case with respect to
the Securities of such series. A copy of each such report shall, at the time of such transmission to such Holders, be filed by such Trustee with each stock exchange upon which such Securities are listed and also with the Commission. The Company will
notify such Trustee when such Securities are listed on any stock exchange. 
 Section 9.04. Reports by Company. The
Company shall comply with all the applicable provisions of Section 314(a) of the Trust Indenture Act. Delivery of such information, documents or reports to the Trustee pursuant to such provisions is for informational purposes only, and the
Trustee’s receipt thereof shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of the covenants hereunder (as to which
the Trustee is entitled to rely exclusively on the Officers’ Certificate). 

  
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 ARTICLE TEN 

CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER 

Section 10.01. When the Company or a Subsidiary Guarantor May Merge or Transfer Assets. Neither the Company nor any
Subsidiary Guarantor may consolidate with or sell, lease or convey all or substantially all of its properties or assets to, or merge with or into, in one transaction or a series of related transactions, any other Person, unless: 

(a) the Company, or in the case of a Subsidiary Guarantor, such Subsidiary Guarantor, shall be the continuing entity, or the resulting,
surviving or transferee Person (the “Successor”) shall be a Person organized and existing under the laws of the United States of America or any State or jurisdiction thereof and the Successor (if not the Company or such Subsidiary
Guarantor, as the case may be) shall expressly assume, by supplemental indenture, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all the obligations of the Company or such Subsidiary Guarantor, as the case may
be, under the Securities, this Indenture and any Guarantee, as applicable (provided that such Successor shall not be required to assume the obligations of any such Subsidiary Guarantor if such Successor (i) is already a Subsidiary Guarantor or (ii)
would not, after giving effect to such transaction, be required to guarantee the Securities of such series under the provisions of Article Thirteen); 

(b) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing; and 

(c) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such
consolidation, merger, conveyance or transfer and such supplemental indenture (if any) comply with this Indenture (except that such Opinion of Counsel need not opine as to clause (b) above) and that such supplemental indenture constitutes the legal
valid and binding obligation of the Successor subject to customary exceptions. 
 Section 10.02. Successor Corporation
Substituted. The Successor will succeed to, and be substituted for, and may exercise every right and power of, the Company or such Subsidiary Guarantor under the Indenture. The Company or such Subsidiary Guarantor shall be relieved of all
obligations and covenants under the Securities, the Guarantees, if any, and the Indenture to the extent the Company or such Subsidiary Guarantor was the predecessor Person, provided that in the case of a lease of all or substantially all of
the Company’s properties or assets, the Company will not be released from the obligation to pay the principal of, premium, if any, and interest on the Securities. Notwithstanding any provision to the contrary, the restrictions contained in this
Article Ten shall not apply to any merger or consolidation of a Subsidiary Guarantor into the Company or any other Subsidiary Guarantor or to any Subsidiary Guarantor upon any termination of the Guarantee of that Subsidiary Guarantor in accordance
with the Indenture. 
 ARTICLE ELEVEN 

SUPPLEMENTAL INDENTURES 

Section 11.01. Supplemental Indentures without Consent of Holders. Without the consent of any Holders, the Company, when
authorized by Board Resolution, and the Trustee at any time and from time to time may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 

(a) to evidence the succession of another Person to the Company or any Subsidiary Guarantor, and the assumption by any such Person of the
obligations of the Company or such Subsidiary Guarantor herein and in the Securities contained, in each case, in accordance with the provisions of Article Ten; or 

(b) to add to or modify the covenants or Events of Default of the Company or the Subsidiary Guarantors, for the benefit of the Holders of the
Securities of any or all series, to convey, transfer, assign, mortgage or pledge any property to or with such Trustee, or to surrender any right or power herein conferred upon the Company or the Subsidiary Guarantors; or 

  
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 (c) to establish the form and terms of the Securities of any series as contemplated by
Section 2.01 or 3.01 hereof; or 
 (d) to add to or change any of the provisions of this Indenture as is necessary or advisable to
facilitate the issuance of Securities of any series in bearer form, registrable or nonregistrable as to principal and with or without interest coupons, and to provide for exchangeability of such Securities with the Securities of the same series
issued hereunder in fully registered form and to make all appropriate changes for such purpose, or to permit or facilitate the issuance of Securities in uncertificated form; or 

(e) to cure any ambiguity, omission, defect or inconsistency; or 

(f) to evidence and provide for the acceptance of appointment hereunder of a Trustee other than The Bank of New York Mellon Trust Company,
N.A., as Trustee for the Securities of any series of Securities and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee,
pursuant to the requirements of Section 8.09 hereof; or 
 (g) to evidence and provide for the acceptance of appointment hereunder by a
successor Trustee with respect to the Securities of one or more series or to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to the requirements of Section 8.11 hereof; or 
 (h) to add to, change or eliminate any of the provisions of this
Indenture; provided, that any such addition, change or elimination (i) shall become effective only when no Security of any series entitled to the benefits of such provision and issued prior to the execution of such supplemental indenture
is outstanding or (ii) shall not apply to any outstanding Security; 
 (i) to add one or more guarantees for the benefit of the
Holders; or 
 (j) to evidence the release of any Subsidiary Guarantor from its Guarantee in accordance with Article Thirteen; 

(k) to add collateral security with respect to the Securities of any series or any Guarantee; 

(l) to comply with any requirements in connection with qualifying this Indenture under the Trust Indenture Act; 

(m) to comply with the rules of any applicable securities depository; 

(n) to provide for uncertificated Securities in addition to or in place of certificated Securities; provided, however, that the
uncertificated Securities issued in registered form for purposes of Section 163(f) of the Code or in a manner such that the uncertificated Securities are as described in Section 163(f)(2)(B) of the Code; or 

(o) to change any other provision if the change does not adversely affect the interests of any Holder. 

After an amendment under this Section 11.01 becomes effective, the Company shall mail or electronically deliver to Holders a notice
briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section 11.01. 

Section 11.02. Supplemental Indentures with Consent of Holders. Subject to Sections 7.12 and 7.13 hereof, with the consent of
the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of each series affected thereby, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by Board Resolution,
and the Trustee 

  
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may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of
modifying in any manner the rights of the Holders of the Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security
affected thereby, 
 (a) change the Stated Maturity of the principal of, or any installment of interest on, any Security, or reduce the
principal amount thereof or the interest thereon, or any premium payable on the redemption thereof, or change the Place of Payment, or the coin or currency in which any Security or the interest, if any, thereon is payable, or reduce the amount of
the principal of an Original Issue Discount Security that would be due and payable upon an acceleration of the Maturity thereof or adversely affect the right of repayment, if any, at the option of the Holder, or reduce the amount of, or postpone the
date fixed for, any payment under the sinking fund for any Security, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption
Date), or 
 (b) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is
required for any such supplemental indenture, or the consent of whose Holders is required for any waiver of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences provided for in this Indenture, or

 (c) modify any of the provisions of this Section 11.02 or Section 7.13 hereof, except to increase any such percentage or to
provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Security affected thereby. 

A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has been expressly included
solely for the benefit of the Securities of one or more particular series, or which modifies the rights of the Holders of the Securities of one or more such series with respect to such covenant or other provision, shall be deemed not to affect the
rights under this Indenture of the Holders of the Securities of any other series. 
 It shall not be necessary for any Act of Holders under
this Section 11.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

Section 11.03. Execution of Supplemental Indentures. In executing, or accepting the additional trusts created by, any
supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee for the Securities of any series shall be provided with, and (subject to Sections 8.01 and 8.03 hereof) shall be
fully protected in relying upon, an Opinion of Counsel and an Officers’ Certificate each stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. Such Trustee may, but shall not be obligated to,
enter into any such supplemental indenture which affects such Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Section 11.04. Notice of Supplemental Indenture. Promptly after the execution by the Company and the appropriate Trustee of
any supplemental indenture pursuant to Section 11.02 hereof, the Company shall transmit to all Holders of Securities of any series affected thereby, as their names and addresses appear in the Securities Register, a notice setting forth in
general terms the substance of such supplemental indenture. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 

Section 11.05. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this Article, this
indenture shall be modified in accordance therewith but only with respect to the Securities of each series affected by such supplemental indenture, and such supplemental indenture shall form a part of this Indenture for all purposes with respect to
the Securities of such series; and every Holder of Securities of any such series theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

  
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 Section 11.06. Conformity with Trust Indenture Act. Every supplemental
indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 

Section 11.07. Reference in Securities to Supplemental Indentures. Securities of any series authenticated and delivered
after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall
so determine, new Securities so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by or on behalf of such
Trustee in exchange for Outstanding Securities of the same series. 
 ARTICLE TWELVE 

COVENANTS 

Section 12.01. Payment of Principal, Premium and Interest. The Company will duly and punctually pay the principal of,
premium, if any, and interest, if any, on the Securities of each series in accordance with the terms of such Securities established as contemplated by Section 3.01 and this Indenture. 

Section 12.02. Maintenance of Office or Agency. The Company will maintain in each Place of Payment for the Securities of
any series, an office or agency where Securities of such series may be presented or surrendered for payment, where Securities of such series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the
Company in respect of the Securities of such series and this Indenture may be served; provided, however, that at the option of the Company payment of interest may be made (subject to collection) by check mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register. With respect to the Securities of any series, such office or agency and each Place of Payment shall be as established as contemplated by Section 3.01. In the absence
of establishment as contemplated by Section 3.01 with respect to the Securities of any series, (i) the Place of Payment for such Securities shall be in the city that the Corporate Trust Office shall be in and (ii) such office or
agency in such Place of Payment shall initially be the Corporate Trust Office of the Trustee. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of any such office or agency, if at any time
the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee for the Securities of each series with the address thereof, such presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office of such Trustee, and the Company hereby appoints the Trustee its agent to receive all such presentations, surrenders, notices and demands with respect to the Securities of such series. 

The Company may also from time to time designate one or more other offices or agencies (in or outside the Place of Payment) where the
Securities of one or more series may be presented or surrendered for any or all of such purposes specified above, and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in
any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for such purpose. 

Section 12.03. Money for Securities Payments to Be Held in Trust. If the Company shall at any time act as its own Paying
Agent, it will, on or before each due date of the principal of (and premium, if any) or interest, if any, on, any of the Securities of any series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay
the principal, premium, if any, or interest, if any, so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of such series of its failure so to act. 

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

  
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 The Company will cause each Paying Agent for the Securities of any series other than the Trustee
to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 12.03, that such Paying Agent will 

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

(b) give such Trustee notice of any default by the Company (or any other obligor upon the Securities of such series) in the making of any
payment of principal, premium, if any, or interest, if any; and 
 (c) at any time during the continuance of any such default, upon the
written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
 The Company may at any time,
for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to
be held by such Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to such Trustee, such Paying Agent shall be released from all further liability with
respect to such money. 
 Section 12.04. Statement as to Compliance. The Company will file with the Trustee within four
months after the close of each fiscal year (which, until the Company shall otherwise notify the Trustee, shall be deemed to be the calendar year) a brief certificate, which need not comply with Section 1.02 hereof, from the principal executive,
financial or accounting officer of the Company as to his or her knowledge of the Company’s compliance with all conditions and covenants under this Indenture (without regard to any period of grace or requirement of notice provided in this
Indenture). 
 Section 12.05. Corporate Existence. Except as otherwise permitted by Article Ten, the Company shall
do or cause to be done all things necessary to preserve and keep in full force and effect its existence as a corporation or other Person. 

Section 12.06. Permit No Vacancy in Office of Trustee. The Company, whenever necessary to avoid or fill a vacancy in the
office of the Trustee for the Securities of any series, will appoint, in the manner provided in Section 8.10 hereof, a Trustee for the Securities of such series, so that there shall at all times be a Trustee for the Securities of every series
hereunder. 
 Section 12.07. Waiver. Without limitation of the rights of the Holders and the Company with respect
to waivers and amendments set forth in Sections 7.13 and 11.02, the Company may omit in any particular instance to comply with a covenant or provision hereof which non-compliance could constitute a default hereunder (other than (i) a
covenant or provision with respect to the payment of the principal of (or premium, if any) or interest, if any, on any Security of any series, or in payment of any sinking fund installment or analogous obligation with respect to the Securities of
such series or (ii) a covenant or provision which under Article Eleven hereof cannot be modified or amended without the consent of the Holder of each Outstanding Security affected), if before or after the time for such compliance the
Holders of at least a majority in principal amount of the Securities at the time Outstanding of any series affected by the omission shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such
covenant or provision, but no such waiver shall extend to or affect such covenant or provision except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in
respect of any such covenant or provision shall remain in full force and effect. 

  
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 ARTICLE THIRTEEN 

GUARANTEES 

Section 13.01. Guarantees. If Securities of or within a series are specified, as contemplated by Section 3.01, to be
guaranteed by any Subsidiary Guarantor, then such Subsidiary Guarantor hereby fully unconditionally and irrevocably guarantees, jointly and severally, as primary obligor and not merely as surety, to each Holder of any such Security and to the
Trustee the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the principal of (and premium, if any) and interest, if any, on any such Security and all other obligations of the Company under
this Indenture and any such Security (the “Obligations”) to the Trustee and to the Holders. Each of the Subsidiary Guarantors further agrees (to the extent permitted by law) that the Obligations may be extended or renewed, in whole or in
part, without notice or further assent from it, and that it shall remain bound under this Article Thirteen notwithstanding any extension or renewal of any Obligation. 

Each of the Subsidiary Guarantors waives presentation to, demand of payment from and protest to the Company of any of the Obligations and also
waives notice of protest for nonpayment. Each of the Subsidiary Guarantors waives notice of any default under any such Security or the Obligations. The obligations of each of the Subsidiary Guarantors hereunder shall not be affected by (a) the
failure of any Holder to assert any claim or demand or to enforce any right or remedy against the Company or any other person under this Indenture, any such Security or any other agreement or otherwise, (b) any extension or renewal of any
thereof, (c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Securities or any other agreement, (d) the release of any security held by any Holder of any such Security or the
Trustee for the Obligations or any of them or (e) any change in the ownership of the Company. 
 Each of the Subsidiary Guarantors
further agrees that its Guarantee herein constitutes a guarantee of payment when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder of any such Security to any security held for payment of
the Obligations. 
 The obligations of each of the Subsidiary Guarantors hereunder shall not be subject to any reduction, limitation,
impairment or termination for any reason (other than payment of the Obligations in full), including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or
termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each of the Subsidiary Guarantors herein shall not be
discharged or impaired or otherwise affected by the failure of any Holder of any such Security to assert any claim or demand or to enforce any remedy under this Indenture, any such Security or any other agreement, by any waiver or modification of
any thereof, by any default, failure or delay, willful or otherwise, in the performance of the Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the
risk of each of the Subsidiary Guarantors or would otherwise operate as a discharge of the Subsidiary Guarantors as a matter of law or equity. 

Each of the Subsidiary Guarantors further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the case may
be, if at any time payment, or any part thereof, of principal of, premium, if any, or interest, if any, on any of the Obligations is rescinded or must otherwise be restored by any Holder of any such Security upon the bankruptcy or reorganization of
the Company or otherwise. 
 In furtherance of the foregoing and not in limitation of any other right which any Holder of any such Security
has at law or in equity against any of the Subsidiary Guarantors by virtue hereof, upon the failure of the Company to pay any of the Obligations when and as the same shall become due, whether at maturity, by acceleration, by redemption or otherwise,
each of the Subsidiary Guarantors hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Holders of any such Security an amount equal to the sum of (i) the unpaid amount
of such Obligations then due and owing and (ii) accrued and unpaid interest on such Obligations then due and owing (but only to the extent not prohibited by law). 

Each of the Subsidiary Guarantors further agrees that, as between itself, on the one hand, and the Holders of any such Security, on the other
hand, (x) the maturity of the Obligations guaranteed hereby may be accelerated as provided in this Indenture for the purposes of its Guarantee herein, notwithstanding any stay, injunction or other

  
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prohibition preventing such acceleration in respect of the Obligations guaranteed hereby and (y) in the event of any such declaration of acceleration of such Obligations, such Obligations
(whether or not due and payable) shall forthwith become due and payable by such Subsidiary Guarantor for the purposes of this Guarantee. 

Each of the Subsidiary Guarantors also agrees to pay any and all reasonable costs and expenses (including reasonable attorneys’ fees)
incurred by the Trustee or the Holders in enforcing any rights under this Section 13.01. 
 Section 13.02. No
Subrogation. Notwithstanding any payment or payments made by any Subsidiary Guarantor hereunder, no Subsidiary Guarantor shall be entitled to be subrogated to any of the rights of the Trustee or any Holder of any such Security against the
Company or any collateral security or guarantee or right of offset held by the Trustee or any Holder of any such Security for the payment of the Obligations, nor shall any of the Subsidiary Guarantors seek or be entitled to seek any contribution or
reimbursement from the Company or any other Subsidiary Guarantor in respect of payments made by such Subsidiary Guarantor hereunder, until all amounts owing to the Trustee and the Holders of any such Security by the Company on account of the
Obligations are paid in full. If any amount shall be paid to any of the Subsidiary Guarantors on account of such subrogation rights at any time when all of the Obligations shall not have been paid in full, such amount shall be held by such
Subsidiary Guarantor in trust for the Trustee and the Holders of any such Security, segregated from other funds of such Subsidiary Guarantor, and shall, forthwith upon receipt by such Subsidiary Guarantor, be turned over to the Trustee in the exact
form received by such Subsidiary Guarantor (duly indorsed by such Subsidiary Guarantor to the Trustee, if required), to be applied against the Obligations. 

Section 13.03. Consideration. Each of the Subsidiary Guarantors has received, or shall receive, direct or indirect benefits
from the making of its Guarantee. 
 Section 13.04. Limitation on Subsidiary Guarantor Liability. Each Subsidiary
Guarantor, and by its acceptance of Securities, each Holder of any such Security, hereby confirms that it is the intention of all such parties that the Guarantee of such Subsidiary Guarantor not constitute a fraudulent transfer or conveyance for
purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Guarantee. To effectuate the foregoing intention, the Trustee, the Holders of
any such Security and the Subsidiary Guarantors hereby irrevocably agree that the obligations of each Subsidiary Guarantor shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed
liabilities of such Subsidiary Guarantor that are relevant under such laws and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the
obligations of such other Guarantor under this Article Thirteen, result in the obligations of such Subsidiary Guarantor under its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under applicable law. Each Subsidiary
Guarantor that makes a payment under its Guarantee shall be entitled upon payment in full of all guaranteed obligations under this Indenture to a contribution from each other Subsidiary Guarantor in an amount equal to such other Subsidiary
Guarantor’s pro rata portion of such payment based on the respective net assets of all the Subsidiary Guarantors at the time of such payment determined in accordance with GAAP. 

Section 13.05. Execution and Delivery. To evidence its Guarantee set forth in Section 13.01 hereof, each Subsidiary Guarantor
hereby agrees that this Indenture (or a supplemental indenture, as the case may be) shall be executed on behalf of such Subsidiary Guarantor by one of its Officers, managers, its trustee, its managing member or its general partner, as the case may
be. 
 Each Subsidiary Guarantor hereby agrees that its Guarantee set forth in Section 13.01 hereof shall remain in full force and
effect notwithstanding the absence of the endorsement of any notation of such Guarantee on any such Security. 
 If an Officer, manager,
trustee, managing member or general partner of a Subsidiary Guarantor whose signature is on this Indenture (or a supplemental indenture, as the case may be) no longer holds that office at the time the Trustee authenticates any such Security, the
Guarantee shall be valid nevertheless. 

  
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 The delivery of any such Security by the Trustee, after the authentication thereof hereunder,
shall constitute due delivery of the Guarantee set forth in this Indenture on behalf of the Subsidiary Guarantors. 

Section 13.06. Release of Subsidiary Guarantors. A Subsidiary Guarantor will be automatically released from all its
obligations under the Securities, this Indenture and its Guarantee, and its Guarantee will automatically terminate (1) [Reserved], (2) upon the exercise of the legal defeasance option or the covenant defeasance option pursuant to
Section 6.01(b), or upon satisfaction and discharge of the Indenture pursuant Section 6.01(a) and (3) upon the consummation of any sale or other disposition of all of the Capital Stock of such Subsidiary Guarantor (including by way of
merger or consolidation) or other transaction such that after giving effect to such sale, disposition or other transaction such Subsidiary Guarantor is no longer a Domestic Subsidiary of the Company. Upon request of the Company, the Trustee shall
evidence such release by a supplemental indenture or other instrument which may be executed by the Trustee without the consent of any Holder. 

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

			
	EXPEDIA, INC.,
	as Issuer
		
	By:	 	/s/ Mark D. Okerstrom
		 	 Name: Mark D. Okerstrom
 Title:
  Chief Financial Officer

	
	EXPEDIA, INC. (a Washington corporation)
	CLASSIC VACATIONS, LLC
	EGENCIA LLC.
	HOTELS.COM GP, LLC
	HOTWIRE, INC.
	INTERACTIVE AFFILIATE NETWORK, LLC
	TRAVELSCAPE, LLC
	WWTE, INC.,
	as Subsidiary Guarantors
		
	By:	 	 /s/ Robert J. Dzielak

	Name:	 	Robert J. Dzielak
	Title:	 	 Executive Vice President,
 General Counsel
and Secretary

	
	 EAN.COM, L.P.
 HOTELS.COM,
L.P.,

	as Subsidiary Guarantors
		
	 By:
	 	Hotels.com GP, LLC., its general partner
		
	By:	 	 /s/ Robert J. Dzielak

	Name:	 	Robert J. Dzielak
	Title:	 	 Executive Vice President,
 General Counsel
and Secretary

	
	HRN 99 HOLDINGS, LLC,
	as Subsidiary Guarantor
		
	By:	 	 /s/ Robert J. Dzielak

		 	 Name: Robert J. Dzielak
 Title:
Manager

	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	 /s/ Teresa Petta

	Title:	 	Vice President

  
 -45-

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