Document:

Exhibit
      4.6

  

  	 

   

  

  [OUTFRONT
      MEDIA INC.]

   

  [OUTFRONT
      MEDIA CAPITAL LLC and

   

  OUTFRONT
      MEDIA CAPITAL CORPORATION]

   

  DEUTSCHE
      BANK TRUST COMPANY AMERICAS,

   

  as
      Trustee

   

  Form
      of Indenture

   

  Dated
      as of                 

    

  	 

  

    

   

  
     

    
      

    

  

   

  CROSS-REFERENCE
      TABLE

   

  This
      Cross-Reference Table is not part of the Indenture

   

  Trust
      Indenture Act of 1939 Section

  

  		 	
          Indenture Section

        
	310	(a)(1)	 	7.09
	 	(a)(2)	 	7.09
	 	(a)(3)	 	Not applicable
	 	(a)(4)	 	Not applicable
	 	(a)(5)	 	7.09
	 	(b)	 	7.08, 7.09 and 7.10
	 	(c)	 	Not applicable
	311	(a)	 	*
	 	(b)	 	*
	 	(c)	 	Not applicable
	312	(a)	 	5.01
	 	(b)	 	*
	 	(c)	 	*
	313	(a)	 	5.03
	 	(b)(1)	 	Not applicable
	 	(b)(2)	 	*
	 	(c)	 	*
	 	(d)	 	*
	314	(a)	 	5.02
	 	(b)	 	Not applicable
	 	(c)(1)	 	14.03
	 	(c)(2)	 	14.03
	 	(c)(3)	 	Not applicable
	 	(d)	 	Not applicable
	 	(e)	 	14.03 and 14.04
	 	(f)	 	Not applicable
	315	(a)	 	7.01
	 	(b)	 	6.08
	 	(c)	 	7.01
	 	(d)	 	7.01
	 	(e)	 	6.09
	316	(a)(1)	 	6.01 and 6.07
	 	(a)(2)	 	Not applicable
	 	(b)	 	6.04
	 	(c)	 	*
	317	(a)	 	6.02
	 	(b)	 	4.04(a)
	318	(a)	 	14.17

  *       Automatically
      included under Section 318(c) of the Trust Indenture Act of 1939, as amended

   

  
     

    
      

    

  

   

  TABLE
        OF CONTENTS 

   

  

  	 	 	Page
	 	 	 
	ARTICLE 1 	DEFINITIONS	1
	 	 	 
	Section 1.01.	Definitions	1
	 	 	 
	ARTICLE 2 	DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES	4
	 	 	 
	Section 2.01.	Forms	4
	Section 2.02.	Amount Unlimited; Issuable in Series	4
	Section 2.03.	Authentication	6
	Section 2.04.	Date and Denomination of Securities	7
	Section 2.05.	Execution of Securities	7
	Section 2.06.	Exchange and Registration of Transfer of Securities	8
	Section 2.07.	Replacement Securities	9
	Section 2.08.	Temporary Securities	9
	Section 2.09.	Cancellation of Securities Paid, etc.	10
	Section 2.10.	Computation of Interest	10
	Section 2.11.	Form of Legend for Global Securities	10
	 	 	 	 
	ARTICLE 3	REDEMPTION OF SECURITIES; SINKING FUNDS	10
	 	 	 
	Section 3.01.	Applicability of Article	10
	Section 3.02.	Notice of Redemption; Selection of Securities	11
	Section 3.03.	Payment of Securities Called for Redemption	11
	Section 3.04.	Satisfaction of Mandatory Sinking Fund Payments with Securities	12
	Section 3.05.	Redemption of Securities for Sinking Fund	12
	Section 3.06.	Repayment at the Option of the Holder	13
	 	 	 	 
	ARTICLE 4 	PARTICULAR COVENANTS OF THE [COMPANY] [ISSUERS]	13
	 	 	 
	Section 4.01.	Payment of Principal, Premium and Interest	13
	Section 4.02.	Offices for Notices and Payments, etc.	13
	Section 4.03.	Appointment to Fill Vacancies in Trustee’s Office	14
	Section 4.04.	Provision as to Paying Agent	14
	Section 4.05.	Statement as to Compliance	15
	 	 	 	 
	ARTICLE 5 	SECURITYHOLDER LISTS AND REPORTS BY THE [COMPANY] [ISSUERS] AND THE
            TRUSTEE	15
	 	 	 
	Section 5.01.	Securityholder Lists	15
	Section 5.02.	Reports by the [Company] [Issuers]	15
	Section 5.03.	Reports by the Trustee	15
	 	 	 	 
	ARTICLE 6	REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT	15
	 	 	 
	Section 6.01.	Events of Default	15
	Section 6.02.	Payment of Securities on Default; Suit Therefor	17
	Section 6.03.	Application of Moneys Collected by Trustee	18
	Section 6.04.	Proceedings by Securityholders	19
	Section 6.05.	Proceedings by Trustee	19
	Section 6.06.	Rights and Remedies Cumulative	19
	Section 6.07.	Direction of Proceedings and Waiver of Defaults by Securityholders	19
	Section 6.08.	Notice of Defaults	20
	Section 6.09.	Undertaking to Pay Costs	20
	 	 	 	 
	ARTICLE 7 	CONCERNING THE TRUSTEE	20
	 	 	 	 
	Section 7.01.	Duties and Responsibilities of Trustee	20

   

  
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  TABLE
        OF CONTENTS

  (continued)

   

  

  	 	 	Page
	 	 	 	 
	Section 7.02.	Reliance on Documents, Opinions, etc.	21
	Section 7.03.	No Responsibility for Recitals, etc.	22
	Section 7.04.	Ownership of Securities	22
	Section 7.05.	Moneys to be Held in Trust	22
	Section 7.06.	Compensation and Expenses of Trustee	22
	Section 7.07.	Officer’s Certificate as Evidence	23
	Section 7.08.	Indentures Not Creating Potential Conflicting Interests For The Trustee	23
	Section 7.09.	Eligibility of Trustee	23
	Section 7.10.	Resignation or Removal of Trustee	23
	Section 7.11.	Succession by Merger, etc.	24
	Section 7.12.	Other Matters Concerning the Trustee	24
	Section 7.13.	Appointment of Authenticating Agent	24
	 	 	 	 
	ARTICLE 8 	CONCERNING THE SECURITYHOLDERS	24
	 	 	 
	Section 8.01.	Action of Securityholders	24
	Section 8.02.	Proof of Execution by Securityholders	25
	Section 8.03.	Who Are Deemed Absolute Owners	25
	Section 8.04.	Securities Owned by [Company] [Issuers] Disregarded	25
	Section 8.05.	Revocation of Consents; Future Holders Bound	26
	 	 	 	 
	ARTICLE 9 	SECURITYHOLDERS’ MEETINGS	26
	 	 	 
	Section 9.01.	Purposes of Meetings	26
	Section 9.02.	Call of Meetings by Trustee	26
	Section 9.03.	Call of Meetings by [Company] [Issuers] or Securityholders	26
	Section 9.04.	Qualifications for Voting	26
	Section 9.05.	Quorum; Adjourned Meetings	27
	Section 9.06.	Regulations	27
	Section 9.07.	Voting	27
	Section 9.08.	No Delay of Rights by Meeting	28
	 	 	 
	ARTICLE 10 	SUPPLEMENTAL INDENTURES	28
	 	 	 
	Section 10.01.	Supplemental Indentures without Consent of Securityholders	28
	Section 10.02.	Supplemental Indentures with Consent of Securityholders	29
	Section 10.03.	Compliance with Trust Indenture Act; Effect of Supplemental Indentures	30
	Section 10.04.	Notation on Securities	30
	Section 10.05.	Evidence of Compliance of Supplemental Indenture to be Furnished Trustee	30
	 	 	 
	ARTICLE 11 	CONSOLIDATION, MERGER, SALE OR CONVEYANCE	30
	 	 	 
	Section 11.01.	[Company][Issuers] May Consolidate, Merge Or Sell Assets on Certain Terms	30
	Section 11.02.	Successor Corporation or Limited Liability Company to be Substituted	31
	Section 11.03.	Documents to be Given Trustee	31
	 	 	 
	ARTICLE 12 	SATISFACTION AND DISCHARGE OF INDENTURE	31
	 	 	 
	Section 12.01.	Discharge of Indenture	31
	Section 12.02.	Legal Defeasance	32
	Section 12.03.	Covenant Defeasance	33
	Section 12.04.	Deposited Moneys to be Held in Trust by Trustee; Miscellaneous Provisions	33
	Section 12.05.	Paying Agent to Repay Moneys Held	33
	Section 12.06.	Return of Unclaimed Moneys	34
	Section 12.07.	Reinstatement	34
	 	 	 
	ARTICLE 13	IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS	34
	 	 	 
	Section 13.01.	 	Indenture and Securities Solely Corporate Obligations	34

   

  
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  TABLE
        OF CONTENTS

  (continued) 

   

  

  	 	 	Page
	 	 	 	 
	ARTICLE 14	MISCELLANEOUS PROVISIONS	34
	 	 	 
	Section 14.01.	Notices	34
	Section 14.02.	Communication by Holders of Securities with Other Holders of Securities	35
	Section 14.03.	Certificate and Opinion as to Conditions Precedent	35
	Section 14.04.	Statements Required in Certificate or Opinion	35
	Section 14.05.	Rules by Trustee and Agents	36
	Section 14.06.	No Personal Liability of Directors, Officers, Employees and Stockholders	36
	Section 14.07.	Governing Law	36
	Section 14.08.	Consent to Jurisdiction	36
	Section 14.09.	Waiver of Jury Trial	36
	Section 14.10.	Force Majeure	36
	Section 14.11.	No Adverse Interpretation of Other Agreements	36
	Section 14.12.	Successors	36
	Section 14.13.	Severability	37
	Section 14.14.	Counterpart Originals	37
	Section 14.15.	Table of Contents, Headings, etc.	37
	Section 14.16.	U.S.A. Patriot Act	37
	Section 14.17.	Trust Indenture Act Controls	37
	 	 	 
	ARTICLE 15 	 GUARANTEES	37

   

  
    -iii- 

    
      

    

  

   

  THIS
      INDENTURE, dated as of                   
      between [OUTFRONT Media Inc., a Maryland corporation] [Outfront Media Capital LLC, a Delaware limited liability company, and
      Outfront Media Capital Corporation, a Delaware corporation], and Deutsche Bank Trust Company Americas, a New York banking corporation,
      as trustee (the “Trustee”).

   

  WITNESSETH:

   

  WHEREAS,
      the [Company has] [Issuers have] duly authorized the issue from time to time of [its] [their] notes or other evidences of indebtedness
      to be issued in one or more series (the “Securities”) up to such principal amount or amounts as may from time
      to time be authorized in accordance with the terms of this Indenture and to provide, among other things, for the authentication,
      delivery and administration thereof, the [Company has] [Issuers have] duly authorized the execution and delivery of this Indenture.

   

  NOW,
      THEREFORE:

   

  In
      consideration of the premises and the purchases of the Securities by the holders thereof, the [Company] [Issuers] and the Trustee
      mutually covenant and agree for the equal and proportionate benefit of the respective holders from time to time of the Securities
      as follows:

   

  Article 1

      DEFINITIONS

   

  Section
        1.01. Definitions. The terms defined in this Section 1.01 (except as herein otherwise expressly provided or unless
      the context otherwise requires) for all purposes of this Indenture shall have the respective meanings specified in this Section 1.01.
      All other terms used in this Indenture which are defined in the Trust Indenture Act, or which are by reference therein defined
      in the Securities Act (except as herein otherwise expressly provided or unless the context otherwise requires), shall have the
      meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the date of this Indenture
      as originally executed. The words “herein,” “hereof,” and “hereunder”
      and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision.

   

  “Affiliate”
      means, with respect to any specified Person, any other Person directly or indirectly controlling or controlled by or under direct
      or indirect common control with such specified Person. For purposes of this definition, “control” (including, with
      correlative meanings, the terms “controlling,” “controlled by” and “under common control with”),
      as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction
      of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise.

   

  “Authenticating
          Agent” means any Person authorized by the Trustee pursuant to Section 7.13 to act on behalf of the Trustee
      to authenticate Securities.

   

  “Authorized
          Officer” means any of the [Company’s directors] [the Issuers’ respective directors or members], the
      [Company’s] [Issuers’] Chief Executive Officer, President, any Executive Vice President, Senior Vice President or
      Vice President, Treasurer, Assistant Treasurer, Secretary or Assistant Secretaries (in the case of an Officer’s Certificate
      to be delivered by a Guarantor, and in the case of a Guarantor Order, such officers of such Guarantor).

   

  “Beneficial
          Owner” means a Person who is the beneficial owner of a beneficial interest in a Global Security as reflected on
      the books of the Depositary or on the books of a Person maintaining an account with such Depositary (directly as a Depositary
      participant or as an indirect participant, in each case in accordance with the rules of such Depositary).

   

  “Business
          Day” means each day which is not a Saturday, a Sunday or a day on which commercial banking institutions are not
      required to be open in the State of New York.

   

  
     

    
      

    

  

   

  [“Company”
      means OUTFRONT Media Inc., a Maryland corporation, until any successor corporation or limited liability company shall have become
      such pursuant to the provisions of Article Eleven, and thereafter “Company” shall mean such successor,
      except as otherwise provided in Section 11.02.]

   

  “Depositary”
      means, with respect to Securities of any series issuable or issued in whole or in part in the form of one or more Global Securities,
      a clearing agency registered under the Securities Exchange Act of 1934, as amended, that is designated to act as depositary for
      such Securities as contemplated by Section 2.02. The initial Depositary will be DTC.

   

  “Dollar”
      means the coin or currency of the United States of America as at the time of payment is legal tender for the payment of public
      and private debts.

   

  “Event
          of Default” has the meaning specified in Section 6.01.

   

  “Global
          Security” means a Security that evidences all or part of the Securities of any series and bears the legend set forth
      in Section 2.11 (or such legend as may be specified as contemplated by Section 2.02 for such Securities).

   

  “Guarantee”
      means a guarantee of any Securities by a Guarantor as contemplated by Article Fifteen, provided that the term “Guarantee,”
      when used with respect to any Security or with respect to any series of Securities means a guarantee of such Security or of such
      series of Securities, respectively, by a Guarantor of such Security or such series of Securities, respectively, as contemplated
      by Article Fifteen.

   

  “Guarantor”
      means any person that issues a Guarantee of any Security of any series, either on the date such Security is issued or after such
      date, in accordance with or pursuant to the terms of this Indenture, provided that, upon the release and discharge of such person
      from its Guarantee in accordance with or pursuant to this Indenture, such person shall cease to be a Guarantor.

   

  “Guarantor
          Order” means a written order signed in the name of the Guarantor by an Authorized Officer thereof.

   

  “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 particular series of Securities established as contemplated hereunder.

   

  “interest”
      means interest payable after the principal thereof has become due and payable whether at maturity, by declaration of acceleration,
      by call for redemption, pursuant to a sinking fund, or otherwise, or as otherwise specified in any indenture supplement or an
      Officer’s Certificate.

   

  [“Issuers”
      means Outfront Media Capital LLC, a Delaware limited liability company, and Outfront Media Capital Corporation, a Delaware corporation,
      until any successor corporations or limited liability companies shall have become such pursuant to the provisions of Article Eleven,
      and thereafter “Issuers” means such successors, except as otherwise provided in Section 11.02.]

   

  “Officer’s
          Certificate” means a certificate signed by any one of the Authorized Officers of [the Company] [each of the Issuers]
      and delivered to the Trustee.

   

  “Opinion
          of Counsel” means an opinion in writing signed by legal counsel, who may be an employee of or of counsel to the
      [Company] [Issuers] or any Guarantor, or may be other counsel, in any case, satisfactory to the Trustee.

   

  “Original
          Issue Discount Security” means any Security which provides for an amount less than the principal amount thereof
      to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 6.01.

   

  
    - 2 - 

    
      

    

  

   

  “Outstanding”
      when used with reference to Securities, subject to the provisions of Section 8.04, means, as of any particular time, all
      Securities authenticated and delivered by the Trustee under this Indenture, except:

   

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

   

  (b)       Securities,
      or portions thereof, for the payment or redemption of which moneys in the necessary amount shall have been deposited in trust
      with the Trustee or with any paying agent (other than the [Company] [Issuers]) or shall have been set aside and segregated in
      trust by [the Company] [any Issuer] (if [the Company] [such Issuer] shall act as paying agent on behalf of the [Company] [Issuers]),
      provided that if such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have been delivered
      as in Article Three provided, or provision satisfactory to the Trustee shall have been made for delivering such notice;

   

  (c)       Securities
      as to which defeasance has been effected pursuant to Section 12.02; and

   

  (d)       Securities
      in lieu of or in substitution for which other Securities shall have been authenticated and delivered, or which shall have been
      paid, pursuant to the terms of Section 2.07, unless proof satisfactory to the Trustee is presented that any such Securities
      are held by persons in whose hands any of such Securities is a valid, binding obligation of [the Company] [each of the Issuers].

   

  In
      determining whether the holders of the requisite principal amount of Outstanding Securities have given any request, demand, authorization,
      direction, notice, consent or waiver hereunder, the principal amount of 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 of the maturity thereof pursuant to Section 6.01.

   

  “Overdue
          Rate” with respect to each series of Securities means the rate of interest designated as such in the resolution
      of the board of directors or other governing body of [the Company] [each of the Issuers], the supplemental indenture or the Officers’
      Certificate pursuant to authority granted under a resolution of the board of directors or other governing body of [the Company]
      [each of the Issuers], as the case may be, relating to such series as contemplated by Section 2.02, or if no such rate is
      specified, the rate at which such Securities shall bear interest.

   

  [“Parent”
      means OUTFRONT Media Inc. and not any of its subsidiaries.]

   

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

   

  “principal
          office of the Trustee,” or other similar term, means the office of the Trustee at which at any particular time its
      corporate trust business shall be administered.

   

  “Responsible
          Officer” means, 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
          Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Securities and Exchange
      Commission promulgated thereunder.

   

  “Security”
      or “Securities” means any Security or Securities, as the case may be, authenticated and delivered under
      this Indenture.

   

  
    - 3 - 

    
      

    

  

   

  “Securityholder,”
      “holder of Securities,” or other similar terms mean any person in whose name at the time a particular
      Security is registered on the books of the Registrar (as defined below in Section 4.02) kept for that purpose in accordance
      with the terms hereof.

   

  “Specified
          Currency” means the currency in which a Security is denominated, which may include Dollars, any foreign currency
      or any composite of two or more currencies.

   

  “Trust
          Indenture Act” means the Trust Indenture Act of 1939, as amended, as it was in force at the date of execution of
      this Indenture, except as provided in Section 10.03.

   

  “Trustee”
      means the corporation or association named as Trustee in this Indenture and, subject to the provisions of Article Seven hereof,
      shall also include its successors and assigns as Trustee hereunder. If pursuant to the provisions of this Indenture there shall
      be at any time more than one Trustee hereunder, the term “Trustee” as used with respect to Securities
      of any series shall mean the Trustee with respect to Securities of that series.

   

  “U.S.
          Government Obligations” has the meaning specified in Section 12.02.

   

  Article 2

      DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES

   

  Section
        2.01. Forms. (a) The Securities of each series shall be in substantially such form as shall be established by or pursuant
      to a resolution of the board of directors or other governing body of [the Company] [each of the Issuers], in one or more indentures
      supplemental hereto or an Officers’ Certificate pursuant to authority granted under a resolution of the board of directors
      or other governing body of [the Company] [each of the Issuers], in each case with such appropriate insertions, omissions, substitutions
      and other variations as are required or permitted by this Indenture, and may have such legends or endorsements placed thereon
      as the officers executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent
      with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant
      thereto or with any rule or regulation of any stock exchange on which the Securities of such series may be listed, or to conform
      to usage.

   

  (b)         
      The resolutions adopted by the board of directors or other governing body of [the Company] [each of the Issuers], one or more
      indentures supplemental hereto or the Officers’ Certificate establishing the form and terms of the Securities of any series
      pursuant to Sections 2.01 and 2.02, respectively, of this Indenture, may provide for issuance of Global Securities. If Securities
      of a series are so authorized to be issued as Global Securities, any such Global Security may provide that it shall represent
      that aggregate amount of Securities from time to time endorsed thereon and may also provide that the aggregate amount of Outstanding
      Securities represented thereby may from time to time be reduced to reflect exchanges. Any endorsement of a Global Security to
      reflect the amount, or any increase or decrease in the amount or changes in the rights of holders of Securities represented thereby,
      shall be made in such manner and by such person or persons as shall be specified therein.

   

  (c)         
      The Trustee’s certificate of authentication on all Securities shall be in substantially the following form:

   

  “This
      is one of the Securities of the series designated therein described in the within-mentioned Indenture.

   

  Deutsche
      Bank Trust Company Americas, as Trustee

   

  		By:	

          
	 	 	Authorized Signatory”

   

  Section
        2.02. Amount Unlimited; Issuable in Series. The aggregate principal amount of Securities which may be authenticated
      and delivered under this Indenture is unlimited.

   

  
    - 4 - 

    
      

    

  

   

  The
      Securities may be issued in one or more series. There shall be established in or pursuant to a resolution of the board of directors
      or other governing body of [the Company] [each of the Issuers], one or more indentures supplemental hereto or an Officers’
      Certificate pursuant to authority granted under a resolution of the board of directors or other governing body of [the Company]
      [each of the Issuers], prior to the issuance of Securities of any series:

   

  (1)         
      the title of the Securities of the series (which shall distinguish the Securities of the series from all other Securities);

   

  (2)         
      any limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered under this
      Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu
      of, other Securities of the series pursuant to Sections 2.06, 2.07, 2.08, 3.03, 3.06 or 10.04);

   

  (3)         
      the date or dates on which the principal and premium, if any, of the Securities of the series is payable;

   

  (4)         
      the rate or rates, or the method of determination thereof, at which the Securities of the series shall bear interest, if any,
      the date or dates from which such interest shall accrue, the interest payment dates on which such interest shall be payable and,
      if other than as set forth in Section 2.04, the record dates for the determination of holders to whom interest is payable;

   

  (5)         
      in addition to the office or agency of the [Company] [Issuers] in the Borough of Manhattan, The City of New York required to be
      maintained pursuant to Section 4.02, any other place or places where the principal of, and premium, if any, and any interest
      on Securities of the series shall be payable;

   

  (6)         
      the Specified Currency of the Securities of the series;

   

  (7)         
      the currency or currencies in which payments on the Securities of the series are payable, if other than the Specified Currency;

   

  (8)         
      the price or prices at which, the period or periods within which and the terms and conditions upon which Securities of the series
      may be redeemed, in whole or in part, at the option of the [Company] [Issuers], pursuant to any sinking fund or otherwise;

   

  (9)         
      the obligation, if any, of the [Company] [Issuers] to redeem, purchase or repay Securities of the series pursuant to any sinking
      fund or analogous provisions or at the option of a holder thereof and the price at which or process by which and the period or
      periods within which and the terms and conditions upon which Securities of the series shall be redeemed, purchased or repaid,
      in whole or in part, pursuant to such obligation;

   

  (10)       
      if other than denominations of $2,000 and any integral multiple of $1,000 in excess thereof, the denominations in which Securities
      of the series shall be issuable;

   

  (11)       
      if other than the principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable
      upon declaration of acceleration of the maturity thereof pursuant to Section 6.01;

   

  (12)       
      if the principal of or interest on the Securities of the series are to be payable, at the election of the [Company] [Issuers]
      or a holder thereof, in a coin or currency other than the Specified Currency, the period or periods within which, and the terms
      and conditions upon which, such election may be made;

   

  (13)       
      if the amount of payments of principal of and interest on the Securities of the series may be determined with reference to an
      index based on a coin or currency other than the Specified Currency, the manner in which such amounts shall be determined;

   

  
    - 5 - 

    
      

    

  

   

  (14)       
      any Events of Default with respect to the Securities of the series, if not set forth herein;

   

  (15)       
      if other than the rate of interest stated in the title of the Securities of the series, the applicable Overdue Rate;

   

  (16)       
      in the case of any series of non-interest bearing Securities, the applicable dates for purposes of clause (a) of Section 5.01;

   

  (17)       
      if other than Deutsche Bank Trust Company Americas is to act as Trustee for the Securities of the series, the name and Principal
      Office of such Trustee;

   

  (18)       
      if either or both of Sections 12.02 and 12.03 do not apply to any Securities of the series;

   

  (19)       
      if applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities
      and, in such case, the name of the respective Depositaries for such Global Securities, the form of any legend or legends which
      shall be borne by any such Global Security in addition to or in lieu of that set forth in Section 2.11 and any circumstances
      in addition to or in lieu of those set forth in clause (2) of Section 2.06 in which any such Global Security may be
      exchanged in whole or in part for Securities registered, and any transfer of such Global Security in whole or in part may be registered,
      in the name or names of Persons other than the Depositary for such Global Security or a nominee thereof;

   

  (20)       
      any addition to the covenants set forth in Article Four which applies to Securities of the series and whether any such covenant
      shall be subject to covenant defeasance under Section 12.03;

   

  (21)       
      any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture); and

   

  (22)       
      whether Parent and/or any of Parent’s direct or indirect subsidiaries will guarantee the Securities of that series, including
      the terms of subordination, if any, of such Guarantees.

   

  All
      Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided
      in or pursuant to such resolution of the board of directors or other governing body of [the Company] [each of the Issuers], in
      any such indenture supplemental hereto or such Officers’ Certificate.

   

  Notwithstanding
      Section 2.02(2) herein and unless otherwise expressly provided with respect to a series of Securities, the aggregate principal
      amount of a series of Securities may be increased and additional Securities of such series may be issued up to the maximum aggregate
      principal amount authorized with respect to such series as increased; provided that no Event of Default with respect to such series
      has occurred and is continuing.

   

  Section
        2.03. Authentication. At any time and from time to time after the execution and delivery of this Indenture, the [Company]
      [Issuers] may deliver Securities of any series executed by the [Company] [Issuers] to the Trustee for authentication. Except as
      otherwise provided in this Article Two, the Trustee shall thereupon authenticate and deliver said Securities to or upon the written
      order of the [Company] [Issuers], signed by any Authorized Officer of [the Company] [each of the Issuers], which order shall set
      forth the number of separate Securities certificates, the principal amount of each of the Securities to be authenticated, the
      CUSIP numbers, the date on which the original issue of Securities is to be authenticated, the registered holder of each of the
      said Securities and delivery instructions. In authenticating such Securities, and accepting the additional responsibilities under
      this Indenture in relation to such Securities, the Trustee shall be entitled to receive and (subject to Section 7.01) shall
      be fully protected in relying upon:

   

  (1)         
      a copy of any resolution or resolutions of the board of directors or other governing body of [the Company] [each of the Issuers]
      relating thereto;

   

  (2)         
      an executed supplemental indenture, if any, relating thereto;

   

  (3)         
      an Officer’s Certificate prepared in accordance with Section 14.04; and

   

  
    - 6 - 

    
      

    

  

   

  (4)         
      an Opinion of Counsel prepared in accordance with Section 14.04 to the effect:

   

  (a)         
      the form of such Securities has been established by or pursuant to a resolution of the board of directors or other governing body
      of [the Company] [each of the Issuers], an Officers’ Certificate or in one or more indentures supplemental hereto, in each
      case, in accordance with Sections 2.01 and 2.02 and in conformity with the provisions of this Indenture; and

   

  (b)         
      that such Securities have been duly and validly executed, and when duly authenticated by the Trustee and issued by the [Company]
      [Issuers] in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute the valid and binding
      obligations of [the Company] [each of the Issuers], enforceable against [it] [them] in accordance with their terms, subject to
      customary assumptions and exceptions.

   

  The
      Trustee shall have the right to decline to authenticate and deliver or cause to be authenticated and delivered any Securities
      under this Section 2.03 if the Trustee, being advised by counsel, determines that such action may not lawfully be taken or
      if the Trustee in good faith by its board of directors or trustees, executive committee, or a trust committee of directors or
      trustees and/or vice presidents shall determine that such action would expose the Trustee to personal liability to existing Securityholders.

   

  Notwithstanding
      the provisions of Sections 2.02 and 2.03, if all Securities of a series are not to be originally issued at one time, including
      in the event that the aggregate principal amount of a series of Outstanding Securities is increased as contemplated by Section 2.02,
      it shall not be necessary to deliver the Officer’s Certificate and Opinion of Counsel otherwise required pursuant to this
      Section 2.03 at or prior to the authentication of each Security of such series if such documents are delivered at or prior
      to the authentication upon original issuance of the first Security of such series to be issued.

   

  Section
        2.04. Date and Denomination of Securities. The Securities of each series shall be issuable in registered form without
      coupons in such denominations as shall be specified as contemplated by Section 2.02. In the absence of any such specification
      with respect to the Securities of any series, the Securities of such series shall be issuable in denominations of $2,000 and any
      integral multiple of $1,000 in excess thereof. Securities of each series shall be numbered, lettered or otherwise distinguished
      in such manner or in accordance with such plan as the officers of the [Company] [Issuers] executing the same may determine upon
      written notice to the Trustee.

   

  Every
      Security shall be dated the date of its authentication.

   

  The
      person in whose name any Security of a particular series is registered at the close of business on any record date (as hereinafter
      defined) with respect to any interest payment date for such series shall be entitled to receive the interest payable on such interest
      payment date notwithstanding the cancellation of such Security upon any registration of transfer or exchange subsequent to the
      record date and prior to such interest payment date; provided, however, that if and to the extent that the [Company] [Issuers]
      shall default in the payment of the interest due on such interest payment date, such defaulted interest shall be paid to the persons
      in whose names Outstanding Securities of such series are registered on a subsequent record date established by notice given by
      or on behalf of the [Company] [Issuers] to the holders of such Securities not less than 15 days preceding such subsequent
      record date, such record date to be not less than five days preceding the date of payment of such defaulted interest. Except as
      otherwise specified as contemplated by Section 2.02 for Securities of a particular series, the term “record date”
      as used in this Section 2.04 with respect to any regular 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 such 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
      a calendar month, whether or not such day shall be a day on which banking institutions in The City of New York or the location
      of any office of the Trustee charged with responsibility under this Indenture are authorized or required by law or executive order
      to close or remain closed.

   

  Section
        2.05. Execution of Securities. The Securities shall be signed in the name and on behalf of the [Company] [Issuers] by
      the manual, facsimile or PDF or other electronic signature of any Authorized Officer of [the Company] [each of the Issuers]. Only
      such Securities as shall bear thereon a certificate of authentication substantially in the form herein recited, executed by the
      Trustee by the manual signature of an authorized signatory, shall be entitled to the benefits of this Indenture or be valid or
      obligatory for any purpose. Such certificate by the Trustee upon any Security executed by the [Company] [Issuers] 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.

   

  
    - 7 - 

    
      

    

  

   

  In
      case any officer of [the Company] [any Issuer] 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 the Trustee, or disposed of by the [Company] [Issuers],
      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] [such Issuer]; and any Security may be signed on behalf of [the Company] [each
      of the Issuers] by such persons as, at the actual date of the execution of such Security, shall be the proper officers of [the
      Company] [each of the Issuers], although at the date of the execution of this Indenture any such person was not such an officer.

   

  Section
        2.06. Exchange and Registration of Transfer of Securities. Securities of any series may be exchanged for a like aggregate
      principal amount of Securities of the same series of other authorized denominations. Securities to be exchanged shall be surrendered,
      at the option of the holders thereof, either at the office or agency designated and maintained by the [Company] [Issuers] for
      such purpose in the Borough of Manhattan, The City of New York, in accordance with the provisions of Section 4.02 or at any
      of such other offices or agencies as may be designated and maintained by the [Company] [Issuers] for such purpose in accordance
      with the provisions of Section 4.02, and the Security registrar shall register the transfer or make the exchange if its requirements
      are met and the Trustee shall authenticate Securities at the Security registrar’s request. Each person designated by the
      [Company] [Issuers] pursuant to the provisions of Section 4.02 as a person authorized to register and register transfer of
      the Securities is sometimes herein referred to as a “Security registrar”.

   

  The
      Security registrar shall maintain, at each such office or agency, a register for each series of Securities issued hereunder (the
      registers of all Security registrars being herein sometimes collectively referred to as the “Security register”
      or the “registry books of the [Company] [Issuers]”) in which, subject to such reasonable regulations
      as it may prescribe, the Security registrar shall register Securities and shall register the transfer of Securities as in this
      Article Two provided.

   

  No
      service charge shall be made for any exchange or registration of transfer of Securities, but the [Company] [Issuers] may require
      payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith.

   

  The
      [Company] [Issuers] shall not be required to exchange or register a transfer of (a) any Securities of any series for the
      period of 15 days next preceding the selection of Securities of that series to be redeemed and thereafter until the date of delivery
      of a notice of redemption of Securities of that series selected for redemption, or (b) any Securities selected, called or
      being called for redemption in whole or in part except, in the case of any Security to be redeemed in part, the portion thereof
      not so to be redeemed.

   

  The
      provisions of clauses (1), (2), (3), (4), (5), (6) and (7) below shall apply only to Global Securities:

   

  (1)         
      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 nominee thereof or custodian therefor, and each such
      Global Security shall constitute a single Security for all purposes under this Indenture.

   

  (2)         
      Notwithstanding any other provision in this Indenture, no Global Security may be exchanged in whole or in part for Securities
      registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the
      Depositary for such Global Security or a nominee thereof unless (A) such Depositary (i) has notified the [Company] [Issuers]
      that it is unwilling or unable to continue its services as Depositary for such Global Security and no successor Depositary has
      been appointed within 90 days after such notice or (ii) ceases to be a “clearing agency” registered under
      Section 17A of the Securities Exchange Act of 1934 when the Depositary is required to be so registered to act as the Depositary
      and so notifies the [Company] [Issuers], and no successor Depositary has been appointed within 90 days after such notice, (B) the
      [Company determines] [Issuers determine] at any time that the Securities shall no longer be represented by Global Securities and
      shall inform such Depositary of such determination and participants in such Depositary elect to withdraw their beneficial interests
      in the Securities from such Depositary, following notification by the Depositary of their right to do so, or (C) such exchange
      is made upon request by or on behalf of the Depositary in accordance with customary procedures, following the request of a Beneficial
      Owner seeking to exercise or enforce its rights under the Securities.

   

  
    - 8 - 

    
      

    

  

   

  (3)         
      Subject to clause (2) above, any exchange of a Global Security for other Securities may be made in whole or in part, and
      all Securities issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary
      for such Global Security shall direct.

   

  (4)         
      Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security
      or any portion thereof shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Security
      is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof.

   

  (5)         
      Subject to the provisions of clause (7) below, the registered Securityholder may grant proxies and otherwise authorize any
      Person, including Agent Members (as defined below in clause (7)) and Persons that may hold interests through Agent Members,
      to take any action which a Securityholder is entitled to take under this Indenture or the Securities.

   

  (6)         
      In the event of the occurrence of any of the events specified in clause (2) above, the [Company] [Issuers] will promptly
      make available to the Trustee a reasonable supply of certificated Securities in definitive, fully registered form, without interest
      coupons.

   

  (7)         
      Neither any members of, or participants in, the Depositary (collectively, the “Agent Members”) nor any
      other Persons on whose behalf Agent Members may act shall have any rights under this Indenture with respect to any Global Security
      registered in the name of the Depositary or any nominee thereof, or under any such Global Security, and the Depositary or such
      nominee, as the case may be, may be treated by the [Company] [Issuers], the Trustee and any agent of the [Company] [Issuers] or
      the Trustee as the absolute owner and holder of such Global Security for all purposes whatsoever. Notwithstanding the foregoing,
      nothing herein shall prevent the [Company] [Issuers] or the Trustee or any agent of the [Company] [Issuers] or the Trustee from
      giving effect to any written certification, proxy or other authorization furnished by the Depositary or such nominee, as the case
      may be, or impair, as between the Depositary, its Agent Members and any other person on whose behalf an Agent Member may act,
      the operation of customary practices of such Persons governing the exercise of the rights of a holder of any Security. None of
      the [Company][Issuers], the Trustee or any agent will have any responsibility or liability for any aspect of the records relating
      to or payment made on account of beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing
      any records relating to such beneficial ownership interests. Neither the Trustee nor any agent shall have any responsibility or
      liability for any actions taken or not taken by the Depositary. The Trustee and agents shall be fully protected in relying upon
      information furnished by the Depositary with respect to its agent members and other members, participants and any beneficial owners.

   

  Section
        2.07. Replacement Securities. If any mutilated Security is surrendered to the Trustee, the Registrar or the [Company]
      [Issuers] and the Trustee receives evidence to its satisfaction of the ownership and destruction, loss or theft of any Security,
      the [Company] [Issuers] shall issue and the Trustee, upon the written request or authorization of any officer of [the Company]
      [each of the Issuers], shall authenticate a replacement Security if the Trustee’s requirements are met. An indemnity bond
      must be supplied by the Securityholder that is satisfactory to the Trustee and the [Company] [Issuers] to protect the [Company]
      [Issuers], the Trustee, any agent and any authenticating agent from any loss that any of them may suffer if a Security is replaced.
      The [Company] [Issuers] may charge for their expenses (including the expenses of the Trustee) in replacing a Security. Every replacement
      Security is a contractual obligation of [the Company] [each of the Issuers] and shall be entitled to all of the benefits of this
      Indenture equally and proportionately with all other Securities of the same series duly issued hereunder.

   

  Section
        2.08. Temporary Securities. Pending the preparation of definitive Securities, the [Company] [Issuers] may prepare and
      the Trustee, upon the written request or authorization of any officer of [the Company] [each of the Issuers], shall authenticate
      temporary Securities. Temporary Securities shall be substantially in the form of definitive Securities but may have variations
      that the [Company] [Issuers] consider appropriate for temporary Securities and as shall be reasonably acceptable to the Trustee.
      Without unreasonable delay, the [Company] [Issuers] shall prepare and the Trustee shall authenticate definitive Securities in
      exchange for temporary Securities. Securityholders and beneficial holders, as the case may be, of temporary Securities shall be
      entitled to all of the benefits accorded to Securityholders, or beneficial holders, respectively, of Securities under this Indenture.

   

  
    - 9 - 

    
      

    

  

   

  Section
        2.09. Cancellation of Securities Paid, etc. The [Company] [Issuers] at any time may deliver Securities to the Trustee
      for cancellation. The Registrar and paying agent shall forward to the Trustee any Securities surrendered to them for registration
      of transfer, exchange or payment. The Trustee or, at the direction of the Trustee, the Registrar or the paying agent and no one
      else shall cancel all Securities surrendered for registration of transfer, exchange, payment, replacement or cancellation and
      shall dispose of cancelled Securities (subject to the record retention requirement of the Exchange Act) in accordance with its
      customary procedures. Certification of the disposal of all cancelled Securities shall be delivered to the [Company] [Issuers]
      upon [its] [their] written request. The [Company] [Issuers] may not issue new Securities to replace Securities that they have
      paid or that have been delivered to the Trustee for cancellation.

   

  Section
        2.10. Computation of Interest. Except as otherwise specified as contemplated by Section 2.02 for Securities of
      any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.
      Any payment required to be made on any day that is not a Business Day will be made on the next succeeding Business Day, provided
      that no additional interest will accrue for the intervening period in respect of such payment date.

   

  Section
        2.11. Form of Legend for Global Securities. Unless otherwise specified as contemplated by Section 2.02 for the
      Securities evidenced thereby, every Global Security authenticated and delivered hereunder shall bear a legend in substantially
      the following form (or such other form as a securities exchange or Depositary may request or require):

   

  THIS
      SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE
      DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”) OR A NOMINEE OF DTC. THIS SECURITY IS EXCHANGEABLE
      FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN DTC OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN
      THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC OR BY A NOMINEE OF DTC TO DTC OR ANOTHER
      NOMINEE OF DTC.

   

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

   

  Article 3

      REDEMPTION OF SECURITIES; SINKING FUNDS

   

  Section
        3.01. Applicability of Article. The provisions of this Article shall be applicable, as the case may be, (i) to
      the Securities of any series which are redeemable before their maturity and (ii) to any sinking fund for the retirement of
      Securities of any series, in either case except as otherwise specified as contemplated by Section 2.02 for Securities of
      such series.

   

  The
      minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory
      sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series
      is herein referred to as an “optional sinking fund payment.”

   

  
    - 10 - 

    
      

    

  

   

  Section
        3.02. Notice of Redemption; Selection of Securities. In case the [Company] [Issuers] shall desire to exercise any right
      to redeem all, or, as the case may be, any part of, the Securities of any series in accordance with their terms, [it] [they] shall
      fix a date for redemption and shall deliver or cause to be delivered a notice of such redemption at least 10 and not more than
      60 days prior to the date fixed for redemption to the holders of Securities of such series so to be redeemed as a whole or
      in part at their last addresses as the same appear on the registry books of the Registrar, except as the resolutions adopted by
      the board of directors or other governing body of [the Company] [each of the Issuers], one or more indentures supplemental hereto
      or Officers’ Certificate establishing the terms of any series of Securities may otherwise provide. The notice shall be conclusively
      presumed to have been duly given, whether or not the holder receives such notice. In any case, failure to give such notice or
      any defect in the notice to the holder of any Security of a series designated for redemption as a whole or in part shall not affect
      the validity of the proceedings for the redemption of any other Security of such series.

   

  The
      [Company] [Issuers] shall at least 5 Business Days prior to the mailing of any notice of redemption of any Securities, or
      such shorter period to which the Trustee may agree, furnish to the Trustee a copy of such notice of redemption.

   

  Each
      such notice of redemption shall specify the date fixed for redemption, the CUSIP number(s), the redemption price at which the
      Securities of such series are to be redeemed (or if not then ascertainable, the manner of calculation thereof and the date of
      such determination), the place or places of payment, that payment will be made upon presentation and surrender of such Securities,
      that any interest accrued to the date fixed for redemption will be paid as specified in said notice and that on and after said
      date any interest thereon or on the portions thereof to be redeemed will cease to accrue. Where the redemption price is not ascertainable
      at the time the notice of redemption is given as aforesaid, the [Company] [Issuers] shall notify the Trustee of said redemption
      price promptly after the calculation thereof. If less than all the Securities of a series are to be redeemed, the notice of redemption
      shall specify the number or numbers of the Securities of that series to be redeemed. In case any Security of a series is to be
      redeemed in part only, the notice of redemption shall state the portion of the principal amount thereof to be redeemed and shall
      state that on and after the date fixed for redemption, in case of definitive securities, upon surrender of such Security, a new
      Security or Securities of that series in principal amount equal to the unredeemed portion thereof will be issued. The notice of
      redemption of Securities to be redeemed at the option of the [Company][Issuers] shall be given by the [Company][Issuers] or, at
      the [Company’s][Issuers’] request, by the Trustee in the name and at the expense of the [Company][Issuers’].

   

  Prior
      to 10:00 a.m. New York City time on the redemption date specified in the notice of redemption given as provided in this Section 3.02,
      the [Company] [Issuers] will deposit with the Trustee or with one or more paying agents (or, if [the Company] [any Issuer] is
      acting as the paying agent of [Company] [Issuers], will segregate and hold in trust as provided in Section 4.04) an amount
      of money sufficient to redeem on the redemption date all the Securities or portions thereof so called for redemption, together
      with accrued interest to the date fixed for redemption. If less than all the Securities of a series are to be redeemed, (i) the
      [Company] [Issuers] will give the Trustee notice not less than 10 days (or such shorter period as may be acceptable to the
      Trustee) prior to the redemption date as to the aggregate principal amount of Securities of such series to be redeemed and (ii)(x) if
      such Securities are at the time represented by a Global Security, then the Depositary shall select by lot (or otherwise, as required
      by the Depositary) the particular interests to be redeemed or (y) if any of such Securities are not represented by a Global
      Security, then the Trustee shall select or cause to be selected, pro rata or by lot, the Securities of that series or portions
      thereof to be redeemed. Securities of a series may be redeemed in part only in multiples of the smallest authorized denomination
      of that series.

   

  Section
        3.03. Payment of Securities Called for Redemption. If notice of redemption has been given as provided in Section 3.02
      or Section 3.05, the Securities or portions of Securities of the series with respect to which such notice has been given
      shall become due and payable on the date and at the place or places stated in such notice at the applicable redemption price,
      together with any interest accrued to the date fixed for redemption, and on and after said date (unless the [Company] [Issuers]
      shall default in the payment of such Securities or portions of such Securities, together with any interest accrued to said date)
      any interest on the Securities of such series or portions of Securities of such series so called for redemption shall cease to
      accrue. On presentation and surrender of such Securities at a place of payment in said notice specified, the said Securities or
      the specified portions thereof shall be paid and redeemed by the [Company] [Issuers] at the applicable redemption price, together
      with any interest accrued thereon to the date fixed for redemption; provided, however, that any regularly scheduled
      installment of interest becoming due on or prior to the date fixed for redemption shall be payable to holders of such Securities
      registered as such on the relevant record date according to their terms.

   

  
    - 11 - 

    
      

    

  

   

  In
      case of definitive securities, upon presentation of any Security redeemed in part only, the [Company] [Issuers] shall execute
      and the Trustee shall authenticate and deliver to the holder thereof, at the expense of the [Company] [Issuers], a new Security
      or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unredeemed portion of
      the Security so presented.

   

  Section
        3.04. 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] [Issuers] may at [its] [their] option (a) deliver
      to the Trustee Securities of that series theretofore purchased or otherwise acquired by the [Company] [Issuers] or (b) receive
      credit for the principal amount of Securities of that series which have been redeemed either at the election of the [Company]
      [Issuers] 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
        3.05. Redemption of Securities for Sinking Fund. Not less than 10 days prior to each sinking fund payment date
      for any series of Securities, the [Company] [Issuers] will deliver to the Trustee a certificate signed by any Authorized Officer
      of [the Company] [each of the Issuers] specifying the amount of the next ensuing sinking fund payment for that series pursuant
      to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash (which cash may be deposited
      with the Trustee or with one or more paying agents or, if [the Company] [any Issuers] is acting as the paying agent of the [Company]
      [Issuers], segregated and held in trust as provided in Section 4.04) and the portion thereof, if any, which is to be satisfied
      by delivering and crediting Securities of that series pursuant to Section 3.04 (which Securities, if not theretofore delivered,
      will accompany such certificate) and whether the [Company intends] [Issuers intend] to exercise its right to make a permitted
      optional sinking fund payment with respect to such series. Such certificate shall also state that no Event of Default has occurred
      and is continuing with respect to such series. Such certificate shall be irrevocable and upon its delivery the [Company] [Issuers]
      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] [Issuers] to deliver such certificate (or to deliver the Securities
      specified in this paragraph), the sinking fund payment due on the next succeeding sinking fund payment date for 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 3.04 and without the right to make
      any optional sinking fund payment, if any, with respect to such series.

   

  Any
      sinking fund payment or payments (mandatory or optional) made in cash plus any unused balance of any preceding sinking fund payments
      made in cash which shall equal or exceed $100,000 or the equivalent amount in the Specified Currency (if other than Dollars) (or
      a lesser sum if the [Company] [Issuers] shall so request or determine) with respect to the Securities of any particular series
      shall be applied by the Trustee (or by [the Company] [any Issuer] if [the Company] [such Issuer] is acting as the paying agent
      of the [Company] [Issuers]) 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 next 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 (or by [the Company]
      [any Issuers] if [the Company] [such Issuer] is acting as the paying agent of the [Company] [Issuers]) to the redemption of Securities
      shall be added to the next cash sinking fund payment received by the Trustee (or if [the Company] [any Issuer] is acting as the
      paying agent of the [Company] [Issuers], segregated and held in trust as provided in Section 4.04) for such series and, together
      with such payment (or such amount so segregated), shall be applied in accordance with the provisions of this Section 3.05.
      Any and all sinking fund moneys with respect to the Securities of any particular series held by the Trustee (or if [the Company]
      [any Issuer] is acting as the paying agent of the [Company] [Issuers], segregated and held in trust as provided in Section 4.04)
      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 of such series shall be applied by the Trustee (or by [the Company] [any Issuer] if [the Company] [such
      Issuer] is acting as the paying agent of the [Company] [Issuers]), together with other moneys, if necessary, to be deposited (or
      segregated) sufficient for the purpose, to the payment of the principal of the Securities of that series at maturity.

   

  
    - 12 - 

    
      

    

  

   

  The
      Depositary shall select or cause to be selected the Securities to be redeemed upon such sinking fund payment date in the manner
      specified in the last paragraph of Section 3.02, and the [Company] [Issuers] shall cause notice of the redemption thereof
      to be given in the manner provided in Section 3.02 except that the notice of redemption shall also state that the Securities
      are being redeemed by operation of the sinking fund. Such notice having been duly given, the redemption of such Securities shall
      be made upon the terms and in the manner stated in Section 3.03.

   

  On
      or before each sinking fund payment date, the [Company] [Issuers] shall pay to the Trustee in cash (or, if [the Company] [any
      Issuer] is acting as the paying agent of the [Company] [Issuers], will segregate and hold in trust as provided in Section 4.04)
      a sum equal to any interest accrued to the date fixed for redemption of Securities or portions thereof to be redeemed on such
      sinking fund payment date pursuant to this Section.

   

  Neither
      the Trustee nor the [Company] [Issuers] shall redeem any Securities of a series with sinking fund moneys or deliver any notice
      of redemption of such Securities by operation of the sinking fund for such series during the continuance of a default in payment
      of interest, if any, on such Securities or of any Event of Default (other than an Event of Default occurring as a consequence
      of this paragraph) with respect to such Securities, except that if the notice of redemption of any such Securities shall theretofore
      have been delivered in accordance with the provisions hereof, the Trustee (or [the Company] [any Issuer] if [the Company] [such
      Issuer] is acting as the paying agent of the [Company] [Issuers]) shall redeem such Securities if cash sufficient for that purpose
      shall be deposited with the Trustee (or segregated by the [Company] [Issuers]) for that purpose in accordance with the terms of
      this Article. Except as aforesaid, any moneys in the sinking fund for 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 default
      or Event of 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.

   

  Section
        3.06. Repayment at the Option of the Holder. Any series of Securities may be made, by provision contained in or established
      pursuant to a supplemental indenture, a resolution of the board of directors or other governing body of [the Company] [each of
      the Issuers] or an Officers’ Certificate pursuant to authority granted under a resolution of the board of directors or other
      governing body of [the Company] [each of the Issuers] pursuant to Section 2.02 hereof, subject to repayment, in whole or
      in part, at the option of the holder on a date or dates specified prior to maturity, at a price equal to 100% of the principal
      amount thereof, together with accrued interest to the date of repayment, on such notice as may be required, provided, however,
      that the holder of a Security may only elect partial repayment in an amount that will result in the portion of such Security that
      will remain Outstanding after such repayment constituting an authorized denomination, or combination thereof, of such Securities.

   

  Article 4

      PARTICULAR COVENANTS OF THE [COMPANY] [ISSUERS]

   

  Section
        4.01. Payment of Principal, Premium and Interest. The [Company covenants and agrees] [Issuers covenant and agree] for
      the benefit of each series of Securities that [it] [they] will duly and punctually pay or cause to be paid the principal of, premium,
      if any, and interest, if any, on each of the Securities of that series at the places, at the respective times and in the manner
      provided in such Securities. Where payments are being made to the Trustee or paying agent, such Trustee or paying agent must receive
      funds for any payment not later than 10:00 am New York City time.

   

  Section
        4.02. Offices for Notices and Payments, etc. As long as any of the Securities of a series remain Outstanding, the [Company]
      [Issuers] will designate and maintain in the Borough of Manhattan, The City of New York, an office or agency where the Securities
      of that series may be presented for payment, an office or agency where the Securities of that series may be presented for registration
      of transfer and for exchange as in this Indenture provided (the “Registrar”) and an office or agency where
      notices and demands to or upon the [Company] [Issuers] in respect of the Securities of that series or of this Indenture may be
      served. In addition to such office or offices or agency or agencies, the [Company] [Issuers] may from time to time designate and
      maintain one or more additional offices or agencies within or outside the Borough of Manhattan, The City of New York, where the
      Securities of that series may be presented for registration of transfer or for exchange, and the [Company] [Issuers] may from
      time to time rescind such designation, as it may deem desirable or expedient. The [Company] [Issuers] will give to the Trustee
      written notice of the location of each such office or agency and of any change of location thereof. In case the [Company] [Issuers]
      shall fail to maintain any such office or agency in the Borough of Manhattan, The City of New York, or shall fail to give such
      notice of the location or of any change in the location thereof, presentations and demands may be made and notices may be served
      at the principal office of the Trustee.

   

  
    - 13 - 

    
      

    

  

   

  The
      [Company] [Issuers] hereby initially designate[s] the office of the Trustee at the address specified in Section 14.01 hereof
      as the office or agency of the [Company] [Issuers] in the Borough of Manhattan, The City of New York, where the Securities of
      each series may be presented for payment, for registration of transfer and for exchange as in this Indenture provided and where
      notices and demands to or upon the [Company] [Issuers] in respect of the Securities of each series or of this Indenture may be
      served. Deutsche Bank Trust Company Americas is hereby initially designated as the Registrar.

   

  Section
        4.03. Appointment to Fill Vacancies in Trustee’s Office. The [Company] [Issuers], whenever necessary to avoid
      or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.10, a successor trustee, so
      that there shall at all times be a Trustee with respect to each series of Securities hereunder.

   

  Section
        4.04. Provision as to Paying Agent. (a) If the [Company] [Issuers] shall appoint a paying agent other than the Trustee
      with respect to the Securities of any series, it will cause such paying agent to execute and deliver to the Trustee an instrument
      in which such agent shall agree with the Trustee, subject to the provisions of this Section 4.04:

   

  (1)         
      that it will hold all sums held by it as such agent for the payment of the principal of, premium, if any, or interest, if any,
      on the Securities of such series (whether such sums have been paid to it by the [Company] [Issuers] or by any other obligor on
      the Securities of such series) in trust for the benefit of the holders of the Securities of such series;

   

  (2)         
      that it will give the Trustee notice of any failure by the [Company] [Issuers] (or by any other obligor on the Securities of such
      series) to make any payment of the principal of, premium, if any, or interest, if any, on the Securities of such series when the
      same shall be due and payable; and

   

  (3)         
      that at any time during the continuance of any failure by the [Company] [Issuers] (or by any other obligor on the Securities of
      such series) specified in the preceding paragraph (2), such paying agent will, upon the written request of the Trustee, forthwith
      pay to the Trustee all sums so held in trust by it.

   

  (b)         
      If [the Company] [any Issuer] shall act as the paying agent with respect to the Securities of any series, it will, on or before
      each due date of the principal of, premium, if any, or interest, if any, on the Securities of such series, set aside, segregate
      and hold in trust for the benefit of the holders of such Securities a sum sufficient to pay such principal, premium, if any, or
      interest, if any, so becoming due and will promptly notify the Trustee of any failure to take such action and of any failure by
      the [Company] [Issuers] (or by any other obligor on the Securities of such series) to make any payment of the principal of, premium,
      if any, or interest, if any, on the Securities of such series when the same shall become due and payable.

   

  (c)         
      Anything in this Section 4.04 to the contrary notwithstanding, the [Company] [Issuers] may, at any time, for the purpose
      of obtaining a satisfaction and discharge of this Indenture, or for any other reason, pay or cause to be paid to the Trustee all
      sums held in trust by [it] [them], or any paying agent hereunder, as required by this Section, such sums to be held by the Trustee
      upon the trusts herein contained.

   

  (d)         
      Anything in this Section 4.04 to the contrary notwithstanding, the agreement to hold sums in trust as provided in this Section 4.04
      is subject to Sections 12.05 and 12.06.

   

  (e)         
      Whenever the [Company] [Issuers] shall have one or more paying agents with respect to the Securities of any series, [it] [they]
      will, prior to each due date of the principal of, premium, if any, or interest, if any, on the Securities of such series, deposit
      with a designated paying agent a sum sufficient to pay the principal, premium, if any, and interest, if any, so becoming due,
      such sum to be held in trust for the benefit of the persons entitled to such principal, premium, if any, or interest, if any,
      and (unless such paying agent is the Trustee) the [Company] [Issuers] will promptly notify the Trustee of any failure so to act.

   

  
    - 14 - 

    
      

    

  

   

  Section
        4.05. Statement as to Compliance. The [Company] [Issuers] will furnish to the Trustee within 120 days after the
      end of each fiscal year a brief certificate [with respect to each Issuer] (which need not comply with Section 14.03 or 14.04)
      from the principal executive, financial or accounting officer of [the Company] [each of the Issuers] as required by Section 314(a)(4)
      of the Trust Indenture Act. Except with respect to the receipt of Securities payments and any default or Event of Default information
      contained in the certificate delivered to it pursuant to this Section 4.05, the Trustee shall have no duty to review, ascertain
      or confirm the [Company’s] [Issuers’] compliance with, or breach of, any representation, warranty or covenant made
      in this Indenture.

   

  Article 5

      SECURITYHOLDER LISTS AND REPORTS

      BY THE [COMPANY] [ISSUERS] AND THE TRUSTEE

   

  Section
        5.01. Securityholder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent
      list available to it of the names and addresses of all holders of the Securities and shall otherwise comply with Trust Indenture
      Act Section 312(a). If the Trustee is not the Registrar, the [Company] [Issuers] shall furnish to the Trustee at least two
      Business Days before the date for the payment of interest on such Securities and at such other times as the Trustee may request
      in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the holders
      of Securities and the [Company] [Issuers] shall otherwise comply with Trust Indenture Act Section 312(a).

   

  Section
        5.02. Reports by the [Company] [Issuers]. The [Company] [Issuers] covenant to file with the Trustee, within 15 days
      after the [Company files] [Issuers file] the same with the Securities and Exchange Commission, copies of the annual reports and
      of the information, documents and other reports that the [Company is] [Issuers are] required to file with the Securities and Exchange
      Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 or pursuant to Section 314
      of the Trust Indenture Act of 1939; provided that, such information, documents, reports and periodic information, as applicable,
      shall be deemed to be filed with the Trustee when publicly filed with the Securities and Exchange Commission through the Securities
      and Exchange Commission’s Electronic Data Gathering and Retrieval System filing system (or any successor electronic filing
      system), provided that the Trustee shall have no responsibility whatsoever to determine whether such filing has occurred.

   

  Delivery
      of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of
      such shall not constitute constructive notice of any information contained therein or determinable from information contained
      therein, including [Company’s] [Issuers’] compliance with any of [its] [their] covenants hereunder (as to which the
      Trustee is entitled to rely exclusively on Officer’s Certificates).

   

  Section
        5.03. Reports by the Trustee. Any Trustee’s report required under Section 313(a) of the Trust Indenture Act
      shall be transmitted as provided in Section 313(c) of the Trust Indenture Act, so long as any Securities are Outstanding
      hereunder, and shall be dated within 60 days after January 15 of each year.

   

  Article 6

      REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS

      ON EVENT OF DEFAULT

   

  Section
        6.01. Events of Default. The term “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 2.02 hereof, continued for the period of time, if any, and after the giving of notice,
      if any, designated in this Indenture or as may be established with respect to such Securities as contemplated by Section 2.02
      hereof, as the case may be, unless it is either inapplicable or is specifically deleted or modified in the applicable resolution
      of the board of directors or other governing body of [the Company] [each of the Issuers], in the applicable Officers’ Certificate
      or in the supplemental indenture under which such series of Securities is issued, as the case may be, as contemplated by Section 2.02:

   

  (a)         
      default in payment when due and payable, upon redemption, acceleration or otherwise, of principal of, or premium, if any, on any
      Security of such series; or

   

  
    - 15 - 

    
      

    

  

   

  

  (b)         
      default for 30 days or more in the payment of any installment of interest on any Security of such series when and as the
      same shall become due and payable; or

   

  (c)         
      default in the making or satisfaction of any sinking fund payment or analogous obligation as and when the same shall become due
      and payable by the terms of the Securities of such series; or

   

  (d)         
      failure for 60 days after receipt of written notice given by the Trustee or the Securityholders of not less than 25% in principal
      amount of Securities of such series then outstanding to comply with any of its other obligations, covenants or agreements (other
      than a default referred to in clauses (a) or (b) of this Section 6.01) contained in this Indenture or the Securities;
      or

   

  (e)         
      a decree or order by a court having jurisdiction in the premises shall have been entered adjudging [the Company] [any Issuer]
      bankrupt or insolvent under the U.S. Federal Bankruptcy Code or any other similar applicable U.S. Federal or State law, and such
      decree or order shall have continued unstayed for a period of 60 consecutive days; or a decree or order of a court having
      jurisdiction in the premises for the appointment of a receiver or liquidator or trustee or assignee (or other similar official)
      in bankruptcy or insolvency of [the Company] [any Issuer] or of all or substantially all of the property of [the Company] [any
      Issuer], or for the liquidation of the affairs of [the Company] [any Issuer], shall have been entered, and such decree or order
      shall have continued unstayed for a period of 60 consecutive days; or

   

  (f)          
      [the Company] [any Issuer] shall institute proceedings to be adjudicated bankrupt or insolvent, or shall consent to the filing
      of bankruptcy or insolvency proceedings against it or shall file a petition or answer or consent seeking reorganization or relief
      under the U.S. Federal Bankruptcy Code or any other similar applicable U.S. Federal or State law, or shall consent to the filing
      of any such petition, or shall consent to the appointment of a receiver or liquidator or trustee or assignee (or other similar
      official) in bankruptcy or insolvency of it or of all or substantially all of its property, or shall make a general assignment
      for the benefit of creditors, or shall admit in writing the inability of [the Company] [any Issuer] to pay its debts generally
      as they become due; or

   

  (g)         
      if the Securities of such series are subject to a Guarantee of a Guarantor, such Guarantee shall for any reason cease to be, or
      shall for any reason be asserted in writing by such Guarantor or the [Company] [Issuers] not to be, in full force and effect and
      enforceable in accordance with its terms, except to the extent contemplated or permitted by this Indenture or the terms of the
      Securities of such series; or

   

  (h)         
      any other Event of Default provided in the applicable resolution of the board of directors or other governing body of [the Company]
      [each of the Issuers], in the applicable Officers’ Certificate or in the supplemental indenture under which such series
      of Securities is issued, as the case may be, as contemplated by Section 2.02.

   

  If
      an Event of Default as contemplated by Sections 6.01(e) or 6.01(f) occurs, the principal amount (or, if the Securities of
      such series are Original Issue Discount Securities, such portions of the principal amount as may be specified in the terms of
      such series) with respect to Securities of any series at the time Outstanding will become due and payable immediately. If any
      other Event of Default with respect to Securities of any series at the time Outstanding 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,
      either the Trustee or the holders of not less than twenty-five percent in aggregate principal amount of the Securities of such
      series then Outstanding hereunder, by notice in writing to the [Company] [Issuers] (and to the Trustee if given by Securityholders
      of such series), may declare the principal amount (or, if the Securities of such series are Original Issue Discount Securities,
      such portion of the principal amount as may be specified in the terms of such series) of all the Securities of such series to
      be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable,
      anything in this Indenture or in the Securities of such series contained to the contrary notwithstanding.

   

  This
      provision, however, is subject to the condition that if, holders of a majority in aggregate principal amount of the then outstanding
      Securities of each applicable series affected thereby by notice to the Trustee may on behalf of the holders of such Securities
      waive any existing default related to the Securities of such series and its consequences under this Indenture, except a continuing
      default in the payment of interest on, premium, if any, or the principal of, any Security held by a non-consenting holder; and
      rescind any acceleration and its consequences with respect to the Securities (except if such recession would conflict with any
      judgment of a court of competent jurisdiction). 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.

   

  
    - 16 - 

    
      

    

  

   

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

   

  Section
        6.02. Payment of Securities on Default; Suit Therefor. The [Company covenants] [Issuers covenant] that (a) in case
      default shall be made in the payment of any installment of interest upon any Security of any series as and when the same shall
      become due and payable, and such default shall have continued for a period of 30 days, (b) in case default shall be
      made in the payment of the principal of, or premium, if any, on any Security of any series as and when the same shall become due
      and payable, whether at maturity of the Securities of that series or upon redemption or by declaration, repayment or otherwise
      or (c) in case of default in the making or satisfaction of any sinking fund payment or analogous obligation when the same
      becomes due by the terms of the Securities of any series—then, upon demand of the Trustee, the [Company] [Issuers] will
      pay to the Trustee, for the benefit of the holder of any such Security (or holders of any series of Securities in the case of
      clause (c) above) the whole amount that then shall have become 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 is enforceable under applicable law) upon
      the overdue installments of interest, if any, at the Overdue Rate applicable to 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 costs and
      expenses of collection, and any further amounts payable to the Trustee pursuant to the provisions of Section 7.06.

   

  In
      case the [Company] [Issuers] shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name and as trustee
      of any express trust, shall be entitled and empowered to institute any actions or proceedings at law or in equity for the collection
      of the sums so due and unpaid, and may prosecute any such action or proceeding to judgment or final decree, and may enforce any
      such judgment or final decree against the [Company] [Issuers] or any other obligor upon such Securities and collect in the manner
      provided by law out of the property of [the Company] [each of the Issuers] or any other obligor on such Securities wherever situated
      the moneys adjudged or decreed to be payable.

   

  In
      case there shall be pending proceedings for the bankruptcy, for the insolvency or for the reorganization of [the Company] [any
      Issuer] or any other obligor on the Securities of any series under the U.S. Federal Bankruptcy Code or any other similar applicable
      U.S. Federal or State law, or in case a receiver or trustee (or other similar official) shall have been appointed for the property
      of [the Company] [any Issuer] or such other obligor, or in the case of any other similar judicial proceedings relative to [the
      Company] [any Issuer] or other obligor on the Securities of any series, or to the creditors or property of [the [Company] [any
      Issuer] or such other obligor, 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 pursuant to the provisions of this Section 6.02, shall be entitled and empowered, by intervention in such proceedings
      or otherwise, to file and prove a claim or claims for the whole amount of principal (or, if the Securities of any 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 6.01), premium, if any, and interest, if any, owing and unpaid in respect of
      the Securities of any series and, in case of any judicial proceedings, to file such proofs of claim and other papers or documents
      as may be necessary or advisable in order to have the claims of the Trustee and of the Securityholders of any series allowed in
      such judicial proceedings relative to the [Company] [such Issuer] or any other obligor on the Securities of any series, its or
      their creditors, or its or their property, and to collect and receive any moneys or other property payable or deliverable on any
      such claims, and to distribute the same after the deduction of costs and expenses of collection, and any further amounts payable
      to the Trustee pursuant to the provisions of Section 7.06 and incurred by it up to the date of such distribution; and any
      receiver, assignee or trustee (or other similar official) in bankruptcy or reorganization is hereby authorized by each of the
      Securityholders to make such payments to the Trustee, and, in the event that the Trustee shall consent to the making of such payments
      directly to the Securityholders, to pay to the Trustee costs and expenses of collection and any further amounts payable to the
      Trustee pursuant to the provisions of Section 7.06 and incurred by it up to the date of such distribution.

   

  
    - 17 - 

    
      

    

  

   

  The
      Trustee is authorized to file such proofs of claim and 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 the holders of the Securities allowed in any judicial proceedings relative to [the Company]
      [any Issuer] (or any other obligor upon the Securities including any Guarantors), its creditors or its property and shall be entitled
      and empowered to participate as a member in any official committee of creditors appointed in such matter and to collect, receive
      and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding
      is hereby authorized by each Securityholder to make such payments to the Trustee, and in the event that the Trustee shall consent
      to the making of such payments directly to the Securityholders, to pay to the Trustee any amount due to it for the reasonable
      compensation and the reasonable and documented out-of-pocket expenses, disbursements and advances of the Trustee, its agents and
      counsel, and any other amounts due the Trustee under Section 7.06 hereof. To the extent that the payment of any such compensation,
      expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06
      hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a lien
      on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Securityholders
      may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise.
      Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any
      Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any
      Securityholder, or to authorize the Trustee to vote in respect of the claim of any Securityholder in any such proceeding.

   

  All
      rights of action and of asserting claims under this Indenture, or under the Securities of any series, may be enforced by the Trustee
      without the possession of any of the Securities of such series or the production thereof in any trial or other proceeding relative
      thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust,
      and any recovery of judgment shall be for the ratable benefit of the holders of the Securities in respect of which such action
      was taken. In any proceedings brought by the Trustee (and also any proceedings in which a declaratory judgment of a court may
      be sought as to the interpretation or construction of any provision of this Indenture, to which the Trustee shall be a party)
      the Trustee shall be held to represent all the holders of the Securities to which such proceedings relate, and it shall not be
      necessary to make any holders of such Securities parties to any such proceedings.

   

  Section
        6.03. Application of Moneys Collected by Trustee. If the Trustee, any registrar or any paying agent collects any money
      pursuant to this Article 6, it shall pay out the money in the following order:

   

  FIRST:
      to the Trustee, any registrar, any paying agent, their agents and attorneys for amounts due under Section 7.06 hereof, including
      payment of all compensation, expenses and liabilities incurred, and all advances made, by the Trustee or any registrar or any
      paying agent and the costs and expenses of collection;

   

  SECOND:
      to holders of Securities for amounts due and unpaid on the Securities for principal, premium, if any, and interest, ratably, without
      preference or priority of any kind, according to the amounts due and payable on the Securities for principal, premium, if any,
      and interest, respectively; and

   

  THIRD:
      to the [Company] [Issuers] or to such party as a court of competent jurisdiction shall direct, including a Guarantor, if applicable.

   

  The
      Trustee may fix a record date and payment date for any payment to holders of Securities pursuant to this Section 6.03.

   

  
    - 18 - 

    
      

    

  

   

  Section
        6.04. Proceedings by Securityholders. No holder of any Security of any series may pursue any remedy with respect to
      this Indenture or any Security, unless (i) such holder previously shall have given to the Trustee written notice of an Event
      of Default with respect to Securities of such series and of the continuance thereof, as hereinbefore provided, (ii) the holders
      of not less than twenty-five percent in aggregate principal amount of the Securities of such series then Outstanding shall have
      requested the Trustee to institute such remedy and shall have offered to the Trustee such security and indemnity as it may require
      against loss, the costs, expenses and liabilities to be incurred therein or thereby, and (iii) the Trustee for 60 days
      after its receipt of such notice, request and offer of indemnity, shall not have received from the holders of a majority in principal
      amount of the Securities of such series then Outstanding a direction inconsistent with that request, and shall have neglected
      or refused to institute any such action, suit or proceeding within 60 days after the receipt of that request. A holder of
      a Security may not use this Indenture to prejudice the rights of another holder of a Security or to obtain a preference or priority
      over another holder of a Security (it being understood that the Trustee does not have an affirmative duty to ascertain whether
      or not such actions or forbearances are unduly prejudicial to such holders).

   

  Notwithstanding
      any other provisions in this Indenture, however, the right of any holder of any Security to receive payment of the principal of,
      premium, if any, and interest, if any, on such Security, on or after the respective due dates expressed in such Security, or upon
      redemption, by declaration, repayment or otherwise, or to institute suit for the enforcement of any such payment on or after such
      respective dates, shall not be impaired or affected without the consent of such holder.

   

  Section
        6.05. Proceedings by Trustee. In case of an Event of Default hereunder the Trustee may in its discretion proceed to
      protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem
      most effectual to protect and enforce any of such rights, either by suit in equity or by action at law or by proceeding in bankruptcy
      or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise
      of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture
      or by law.

   

  Section
        6.06. Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated,
      destroyed, lost or stolen Securities in Section 2.07 hereof, no right or remedy herein conferred upon or reserved to the
      Trustee or to the Securityholders is intended to be exclusive of any other right or remedy, and every right and remedy shall,
      to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter
      existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
      prevent the concurrent assertion or employment of any other appropriate right or remedy.

   

  Section
        6.07. Direction of Proceedings and Waiver of Defaults by Securityholders. (a) The holders of a majority in aggregate
      principal amount of the Securities of any series at the time Outstanding shall have the right to direct the time, method and place
      of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee,
      with respect to the Securities of such series; provided, however, that (subject to the provisions of Section 7.01) the Trustee
      shall have the right to decline to follow any such direction if the Trustee, being advised by counsel, determines that the action
      or proceeding so directed may not lawfully be taken or if the Trustee in good faith by its board of directors or trustees, executive
      committee, or a trust committee of directors or trustees and/or Responsible Officers shall determine that the action or proceeding
      so directed would involve the Trustee in personal liability or expense for which it is not adequately indemnified.

   

  (b)         
      Prior to any acceleration or declaration accelerating the maturity of the Securities of any series, the holders of a majority
      in aggregate principal amount of the Securities of such series at the time Outstanding may, on behalf of the holders of all of
      the Securities of such series, waive any past default or Event of Default with respect to such series and its consequences except
      a default in the payment of interest, if any, on, or the principal of or premium, if any, on any Security of such series, or in
      the payment of any sinking fund installment or analogous obligation with respect to Securities of such series, or in respect of
      a covenant or provision hereof which under Section 10.02 cannot be modified or amended without the consent of the holder
      of each Security affected. Upon any such waiver the [Company] [Issuers], the Trustee and the holders of the Securities of that
      series shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any
      subsequent or other default or Event of Default or impair any right consequent thereon. Whenever any default or Event of Default
      hereunder shall have been waived as permitted by this Section 6.07(b), said default or Event of Default shall for all purposes
      of the Securities of such series and this Indenture be deemed to have been cured and to be not continuing.

   

  
    - 19 - 

    
      

    

  

   

  Section
        6.08. Notice of Defaults. The Trustee shall, within 90 days after the occurrence of a default with respect to the
      Securities of any series, deliver to all holders of Securities of such series, as the names and addresses of such holders appear
      upon the registry books of the [Company] [Issuers], notice of all defaults with respect to such series actually known to the Trustee,
      unless such defaults shall have been cured or waived before the giving of such notice (the term “defaults” for the
      purpose of this Section 6.08 being hereby defined to be the events specified in Section 6.01 or established with respect
      to such Securities as contemplated by Section 2.02, not including the periods of grace, if any, provided for therein or established
      with respect to such Securities as contemplated by Section 2.02 and irrespective of the giving of the notices specified in
      clauses (d) and (e) of Section 6.01 or established with respect to such Securities as contemplated by Section 2.02);
      provided, however, that except in the case of default in the payment of the principal of, premium, if any, or interest,
      if any, on any of the Securities of such series or in the making of any sinking fund installment or analogous obligation with
      respect to such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the
      executive committee, or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determines that
      the withholding of such notice is in the interest of the holders of Securities of such series.

   

  Section
        6.09. Undertaking to Pay Costs. All parties to this Indenture agree, and each holder of any Security by his acceptance
      thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right
      or remedy under this Indenture or in any suit against the Trustee for any action taken 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 6.09
      shall not apply (i) to any suit instituted by the Trustee, (ii) to any suit instituted by any holder of Securities of
      any series or group of such holders, holding in the aggregate more than 10 percent in principal amount of the Outstanding
      Securities of such series or (iii) to any suit instituted by any Securityholder for the enforcement of the payment of the
      principal of, premium, if any, or interest, if any, on any Security (A) on or after the due date expressed in such Security,
      (B) on or after the date fixed for redemption or repayment or (C) after such Security shall have become due by declaration.

   

  Article 7

      CONCERNING THE TRUSTEE

   

  Section
        7.01. Duties and Responsibilities of Trustee.

   

  (a)         
      If an Event of Default has occurred (and has not been cured), the Trustee shall, in the exercise of its power, use the degree
      of care of a prudent person in the conduct of such person’s own affairs.

   

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

   

  (1)         
      the duties of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee need perform
      only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall
      be read into this Indenture against the Trustee; and

   

  (2)         
      in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements, notices and the
      correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements
      of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof are specifically required
      to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they conform
      to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculation or other facts
      stated therein).

   

  (c)         
      The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful
      misconduct, except that:

   

  (1)         
      this paragraph (c) does not limit the effect of paragraph (b) of this Section 7.01;

   

  
    - 20 - 

    
      

    

  

   

  (2)         
      the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved in
      a court of competent jurisdiction that the Trustee was negligent in ascertaining the pertinent facts; and

   

  (3)         
      the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction
      received by it pursuant to Section 6.05 hereof.

   

  (d)         
      Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject
      to paragraphs (a), (b) and (c) of this Section 7.01.

   

  (e)         
      Subject to this Article 7, whether or not an Event of Default has occurred and is continuing, the Trustee shall be under
      no obligation to exercise any of the rights or powers under this Indenture at the request or direction of any Securityholder or
      Securityholders of the Securities unless such Securityholder or Securityholders have offered to the Trustee indemnity or security
      satisfactory to the Trustee against any loss, liability or expense.

   

  (f)          
      The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the [Company]
      [Issuers]. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

   

  None
      of the provisions of this Indenture shall be construed as requiring the Trustee to expend or risk its own funds or otherwise to
      incur any personal financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights
      or powers, if there shall be reasonable grounds for believing that repayment of such funds or adequate indemnity against such
      risk or liability is not reasonably assured to it. The provisions of this Section 7.01 are in furtherance of and subject
      to Section 315 of the Trust Indenture Act.

   

  Section
        7.02. Reliance on Documents, Opinions, etc. In furtherance of and subject to the Trust Indenture Act, and subject to
      the provisions of Section 7.01:

   

  (a)         
      The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper
      Person. The Trustee need not investigate any fact or matter stated in the document, 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] [each
      of the Issuers], personally or by agent or attorney at the sole cost of the [Company] [Issuers] and shall incur no liability or
      additional liability of any kind by reason of such inquiry or investigation.

   

  (b)         
      Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both.
      The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificates
      or Opinion of Counsel. 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 from liability in respect of any action taken, suffered or omitted
      by it hereunder in good faith and in accordance with the advice or opinion of such counsel.

   

  (c)         
      The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent
      or attorney appointed with due care.

   

  (d)         
      The Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within
      the rights or powers conferred upon it by this Indenture; provided, however, that the Trustee’s conduct does not constitute
      willful misconduct or gross negligence.

   

  (e)         
      Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from [the Company] [either
      of the Issuers] shall be sufficient if signed by an Officer of [the Company] [such Issuer].

   

  (f)          
      None of the provisions of this Indenture shall require the Trustee to expend or risk its own funds or otherwise to incur any liability,
      financial or otherwise, 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 indemnity satisfactory to it against such risk
      or liability is not assured to it.

   

  
    - 21 - 

    
      

    

  

   

  (g)         
      The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee
      has actual knowledge thereof or unless written notice of any event which is in fact such a Default is received by the Trustee
      at the corporate trust office of the Trustee, and such notice references the Securities and this Indenture.

   

  (h)         
      In no event shall the Trustee be responsible or liable for special, indirect, punitive 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.

   

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

   

  (j)          
      The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder.

   

  (k)         
      The Trustee may request that [the Company] [each of the Issuers] 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
        7.03. No Responsibility for Recitals, etc. The recitals contained herein and in the Securities shall be taken as the
      statements of [the Company] [each of the Issuers] (except in the Trustee’s certificates of authentication), and the Trustee
      assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency
      of this Indenture or the Securities, provided that the Trustee shall not be relieved of its duty to authenticate Securities only
      as authorized by this Indenture. The Trustee shall not be accountable for the use or application by the [Company] [Issuers] or
      any of the Securities or of the proceeds thereof.

   

  Section
        7.04. Ownership of Securities. The Trustee and any agent of the [Company] [Issuers] or of the Trustee, in its individual
      or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee
      or such agent.

   

  Section
        7.05. Moneys to be Held in Trust. Subject to the provisions of Sections 12.05 and 12.06 hereof, all moneys received
      by the Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purposes for which
      they were received, but need not be segregated from other funds except to the extent required by law. Neither the Trustee nor
      any paying agent shall be under any liability for interest on any moneys received by it hereunder except such as it may agree
      with the [Company] [Issuers] to pay thereon.

   

  Section
        7.06. Compensation and Expenses of Trustee. The [Company] [Issuers] shall pay to the Trustee from time to time such
      compensation for its acceptance of this Indenture and services hereunder as the parties shall agree in writing from time to time.
      The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The [Company]
      [Issuers] shall reimburse the Trustee promptly upon request for all reasonable and documented out-of-pocket disbursements, advances
      and expenses incurred or made by it in addition to the compensation for its services. Such expenses shall include the reasonable
      and documented out-of-pocket compensation, disbursements and expenses of the Trustee’s agents and counsel.

   

  The
      [Company] [Issuers] and the Guarantors, if any, jointly and severally, shall indemnify the Trustee for, and hold the Trustee
      harmless against, any and all loss, damage, claims, liability or expense (including reasonable and documented out-of-pocket
      attorneys’ fees and expenses) incurred by it (as evidenced in an invoice from the Trustee) in connection with the
      acceptance or administration of this trust and the performance of its duties hereunder (including the costs and expenses of
      enforcing this Indenture against the [Company] [Issuers] or any of the Guarantors, if applicable (including this
      Section 7.06), or defending itself against any claim whether asserted by any Securityholder, the [Company] [Issuers] or
      any Guarantor, if applicable, or liability in connection with the acceptance, exercise or performance of any of its powers or
      duties hereunder). The Trustee shall notify the [Company] [Issuers] promptly of any claim for which it may seek indemnity.
      Failure by the Trustee to so notify the [Company] [Issuers] shall not relieve the [Company] [Issuers] of its obligations
      hereunder. The [Company] [Issuers] shall defend the claim and the Trustee shall provide reasonable cooperation at the
      [Company’s] [Issuers’] expense in the defense. The Trustee may have separate counsel and the [Company] [Issuers]
      shall pay the fees and expenses of such counsel; provided, however, that the [Company] [Issuers] shall not be required to pay
      such fees and expenses if its assumes such the Trustee’s defense and, in the Trustee’s reasonable judgment, there
      is no conflict of interest between the [Company] [Issuers] and the Trustee in connection with such defense. In the event that
        the [Company][Issuers] shall assume the defense of any such suit, the [Company][Issuers] shall not settle any such
          suit without prior written consent of the Trustee, which consent shall not be unreasonably withheld or delayed. The [Company]
          [Issuers] need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the
          Trustee’s own willful misconduct or negligence.

   

  
    - 22 - 

    
      

    

  

   

  

  

  

  The
      obligations of the [Company] [Issuers] and Guarantors under this Section 7.06 shall survive the satisfaction and discharge
      of this Indenture or the earlier resignation or removal of the Trustee.

   

  To
      secure the payment obligations of the [Company] [Issuers] and the Guarantors, if any, in this Section 7.06, the Trustee shall
      have a lien prior to the Securities on all money or property held or collected by the Trustee, except that held in trust to pay
      principal and interest on particular Securities. Such lien shall survive the satisfaction and discharge of this Indenture.

   

  When
      the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(e) or (f) hereof occurs,
      the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to
      constitute expenses of administration under any bankruptcy law.

   

  The
      Trustee shall comply with the provisions of Trust Indenture Act Section 313(b)(2) to the extent applicable.

   

  Section
        7.07. Officer’s Certificate as Evidence. Subject to the provisions of Sections 7.01 and 7.02, whenever in the
      administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or
      established prior to taking, omitting or suffering any action to be taken hereunder, such matter (unless other evidence in respect
      thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed
      to be conclusively proved and established by an Officer’s Certificate delivered to the Trustee, and such certificate, in
      the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken,
      omitted or suffered by it under the provisions of this Indenture upon the faith thereof.

   

  Section
        7.08. Indentures Not Creating Potential Conflicting Interests For The Trustee. The following indenture is hereby specifically
      described for the purposes of Section 310(b)(1) of the Trust Indenture Act: this Indenture with respect to the Securities
      of any other series.

   

  Section
        7.09. Eligibility of Trustee. There shall at all times be a Trustee hereunder that is a corporation organized and doing
      business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise
      corporate trustee power, that is subject to supervision or examination by Federal or State authorities and that has a combined
      capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition.

   

  This
      Indenture shall always have a Trustee who satisfies the requirements of Trust Indenture Act Sections 310(a)(1), (2) and (5). The
      Trustee is subject to Trust Indenture Act Section 310(b).

   

  Section
        7.10. Resignation or Removal of Trustee. A resignation or removal of the Trustee and appointment of a successor Trustee
      shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.10.
      The Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the [Company] [Issuers].
      The holders of a majority in principal amount of the then outstanding Securities may remove the Trustee by so notifying the Trustee
      and the [Company] [Issuers] in writing. The [Company] [Issuers] may remove the Trustee if:

   

  (a)         
      the Trustee fails to comply with Section 7.09 hereof;

   

  (b)         
      the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any bankruptcy
      law;

   

  
    - 23 - 

    
      

    

  

   

  (c)         
      a receiver, custodian or other public officer takes charge of the Trustee or its property; or

   

  (d)         
      the Trustee becomes incapable of acting.

   

  If
      the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the [Company] [Issuers] shall
      promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the holders of a majority in principal
      amount of the then Outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the [Company]
      [Issuers].

   

  If
      a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee
      (at the [Company’s] [Issuers’] expense), the [Company] [Issuers] or the holders of at least 10% in principal amount
      of the then Outstanding Securities may petition any court of competent jurisdiction for the appointment of a successor Trustee.

   

  If
      the Trustee, after written request by any Securityholder who has been a Securityholder for at least six months, fails to comply
      with Section 7.09 hereof, such Securityholder may petition any court of competent jurisdiction for the removal of the Trustee
      and the appointment of a successor Trustee.

   

  A
      successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the [Company] [Issuers].
      Thereupon, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all
      the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail or send electronically or
      otherwise in accordance with the procedures of the Depositary a notice of its succession to Securityholders. The retiring Trustee
      shall promptly transfer all property held by it as Trustee to the successor Trustee; provided all sums owing to the Trustee hereunder
      have been paid and subject to the lien provided for in Section 7.06 hereof. Notwithstanding replacement of the Trustee pursuant
      to this Section 7.10, the [Company’s] [Issuers’] obligations under Section 7.06 hereof shall continue for
      the benefit of the retiring Trustee.

   

  Section
        7.11. Succession by Merger, etc. If the Trustee consolidates, merges or converts into, or transfers all or substantially
      all of its corporate trust business to, another corporation, the successor corporation without any further act shall be the successor
      Trustee.

   

  In
      case at the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts
      created by this Indenture any of the Securities shall have been authenticated but not delivered, any such successor to the Trustee
      may adopt the certificate of authentication of any predecessor trustee, and deliver such Securities so authenticated; and in case
      at that time any of the Securities shall not have been authenticated, any successor to the Trustee may authenticate such Securities
      either in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates
      shall have the full force which it is anywhere in the Securities or in this Indenture provided that the certificate of the Trustee
      shall have.

   

  Section
        7.12. Other Matters Concerning the Trustee. The principal corporate trust office of the Trustee at the date of this
      Indenture is located at the address specified in Section 14.01 hereof.

   

  Section
        7.13. Appointment of Authenticating Agent. The Trustee may appoint an authenticating agent acceptable to the [Company]
      [Issuers] to authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each
      reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has
      the same rights as any registrar or paying agent to deal with Securityholders or Affiliate of the [Company] [Issuers].

   

  Article 8

      CONCERNING THE SECURITYHOLDERS

   

  Section
        8.01. Action of Securityholders. Whenever in this Indenture it is provided that the holders of a specified percentage
      in aggregate principal amount of the Securities of any or all series may take any action (including the making of any demand or
      request, the giving of any notice, consent or waiver or the taking of any other action) the fact that at the time of taking any
      such action the holders of such specified percentage have joined therein may be evidenced (a) by any instrument or any number
      of instruments of similar tenor executed by such Securityholders in person or by agent or proxy appointed in writing, (b) by the
      record of such holders of Securities voting in favor thereof at any meeting of such Securityholders duly called and held in accordance
      with the provisions of Article Nine or (c) by a combination of such instrument or instruments and any such record of such a meeting
      of such Securityholders.

   

  
    - 24 - 

    
      

    

  

   

  Section
        8.02. Proof of Execution by Securityholders. Subject to the provisions of Sections 7.01, 7.02 and 9.06, proof of the
      execution of any instrument by a Securityholder or his agent or proxy shall be sufficient if made in accordance with such reasonable
      rules and regulations as may be prescribed by the Trustee or in such manner as shall be reasonably satisfactory to the Trustee.
      The ownership of Securities shall be proved by the registry books of the Registrar.

   

  The
      record of any Securityholders’ meeting shall be proved in the manner provided in Section 9.07.

   

  The
      [Company] [Issuers] may set a record date for purposes of determining the identity of holders of Securities of any series entitled
      to vote or consent to or revoke any action referred to in Section 8.01, which record date may be set at any time or from
      time to time by notice to the Trustee, for any date or dates (in the case of any adjournment or reconsideration) not more than
      90 days prior to the proposed date of such vote or consent, and thereafter, notwithstanding any other provisions hereof, with
      respect to Securities of any series, only holders of Securities of such series of record on such record date shall be entitled
      to so vote or give such consent or revoke such vote or consent.

   

  Section
        8.03. Who Are Deemed Absolute Owners. The [Company] [Issuers], the Trustee and any agent of the [Company] [Issuers]
      or of the Trustee may deem the person in whose name any Security shall be registered upon the books of the [Company] [the Issuers]
      to be, and may treat him as, the owner of such Security (whether or not such Security shall be overdue and notwithstanding any
      notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the principal of, premium,
      if any, and (subject to Section 2.04) interest, if any, on such Security and for all other purposes; and neither the [Company]
      [Issuers] nor the Trustee nor any agent of the [Company] [Issuers] or of the Trustee shall be affected by any notice to the contrary.
      All such payments so made to any holder for the time being, or upon his order, shall be valid, and, to the extent of the sum or
      sums so paid, effectual to satisfy and discharge the liability for moneys payable upon any such Security.

   

  No
      Beneficial Owner of a beneficial interest in any Global Security held on its behalf by a Depositary shall have any rights under
      this Indenture with respect to such Global Security, and such Depositary may be treated by the [Company] [Issuers], the Trustee,
      and any agent of the [Company] [Issuers] or the Trustee as the owner of such Security for all purposes whatsoever. None of the
      [Company] [Issuers], the Trustee or any agent of the [Company] [Issuers] or the Trustee will have any responsibility or liability
      for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or
      maintaining, supervising or reviewing any records relating to such beneficial ownership interests.

   

  Section
        8.04. Securities Owned by [Company] [Issuers] Disregarded. In determining whether the holders of the requisite aggregate
      principal amount of Securities have concurred in any demand, request, notice, direction, consent or waiver under this Indenture,
      Securities which are owned by [the Company] [any Issuer], any Guarantor of Securities of such series or any other obligor on the
      Securities with respect to which such determination is being made or by any person directly or indirectly controlling or controlled
      by or under direct or indirect common control with [the Company] [any Issuer], any Guarantor of Securities of such series or any
      other obligor on the Securities with respect to which such determination is being made shall be disregarded and deemed not to
      be Outstanding for the purpose of any such determination; provided, that for the purposes of determining whether the Trustee shall
      be protected in conclusively relying on any such demand, request, notice, direction, consent or waiver only Securities which a
      Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. Securities so owned which have been pledged
      in good faith may be regarded as Outstanding for the purposes of this Section 8.04 if the pledgee shall establish to the
      satisfaction of the Trustee the pledgee’s right to vote such Securities and that the pledgee is not a person directly or
      indirectly controlling or controlled by or under direct or indirect common control with [the Company] [such Issuer], such Guarantor
      or any such other obligor. In the case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel
      shall be full protection to the Trustee.

   

  
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  Section
        8.05. Revocation of Consents; Future Holders Bound. At any time prior to (but not after) the evidencing to the Trustee,
      as provided in Section 8.01, of the taking of any action by the holders of the percentage in aggregate principal amount of
      the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action, any holder
      of a Security which is shown by the evidence to be included in the Securities the holders of which have consented to such action
      may, by filing written notice with the Trustee at its principal office and upon proof of holding as provided in Section 8.02,
      revoke such action so far as concerns such Security. Except as aforesaid, any such action taken by the holder of any Security
      shall be conclusive and binding upon such holder and upon all future holders of such Security, irrespective of whether or not
      any notation in regard thereto is made upon such Security or any Security issued in exchange or substitution therefor.

   

  Article 9

      SECURITYHOLDERS’ MEETINGS

   

  Section
        9.01. Purposes of Meetings. A meeting of holders of Securities of any or all series may be called at any time and from
      time to time pursuant to the provisions of this Article Nine for any of the following purposes:

   

  (1)         
      to give any notice to the [Company] [Issuers] or to the Trustee, to give any directions to the Trustee, to consent to the waiving
      of any default hereunder and its consequences or to take any other action authorized to be taken by Securityholders pursuant to
      any of the provisions of Article Six;

   

  (2)         
      to remove the Trustee and nominate a successor trustee pursuant to the provisions of Article Seven;

   

  (3)         
      to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Section 10.02;
      or

   

  (4)         
      to take any other action authorized to be taken by or on behalf of the holders of any specified aggregate principal amount of
      the Securities of any or all series, as the case may be, under any other provision of this Indenture or under applicable law.

   

  Section
        9.02. Call of Meetings by Trustee. The Trustee may at any time call a meeting of holders of Securities of any or all
      series to take any action specified in Section 9.01, to be held at such time and at such place in the Borough of Manhattan,
      The City of New York, as the Trustee shall determine. Notice of every meeting of the holders of Securities of any or all series,
      setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall
      be mailed or delivered to holders of Securities of each series affected at their addresses as they shall appear on the registry
      books of the Company. Such notice shall be mailed or delivered not less than 10 nor more than 90 days prior to the date fixed
      for the meeting.

   

  Section
        9.03. Call of Meetings by [Company] [Issuers] or Securityholders. In case at any time the [Company] [Issuers], pursuant
      to a resolution of [its board of directors] [each of their boards of directors or other governing bodies], or the holders of at
      least 10 percent in aggregate principal amount of the Securities then Outstanding of any series that may be affected by the action
      proposed to be taken at the meeting shall have requested the Trustee to call a meeting of the holders of Securities of all series
      that may be so affected, by written request setting forth in reasonable detail the action proposed to be taken at the meeting,
      the [Company] [Issuers] or such Securityholders, in the amount specified above, may determine the time and the place in said Borough
      of Manhattan for such meeting and may call such meeting to take any action authorized in Section 9.01, by mailing or delivering
      notice (or, in the case of securities held in book-entry form, by electronic transmission) thereof as provided in Section 9.02.

   

  Section
        9.04. Qualifications for Voting. To be entitled to vote at any meeting of Securityholders a person shall (a) be a holder
      of one or more Securities with respect to which such meeting is being held or (b) be a person appointed by an instrument in writing
      as proxy by a holder of one or more such Securities. The only persons who shall be entitled to be present or to speak at any meeting
      of Securityholders shall be the persons entitled to vote at such meeting and their counsel, any representatives of the Trustee
      and its counsel and any representatives of the [Company] [Issuers] and [its] [their] counsel.

   

  
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  Section
        9.05. Quorum; Adjourned Meetings. The Persons entitled to vote a majority in aggregate principal amount of the Securities
      of the relevant series at the time Outstanding shall constitute a quorum for the transaction of all business specified in Section 9.01.
      No business shall be transacted in the absence of a quorum (determined as provided in this Section 9.05). In the absence
      of a quorum within 30 minutes after the time appointed for any such meeting, the meeting shall, if convened at the request of
      the holders of Securities (as provided in Section 9.03), be dissolved. In any other case the meeting shall be adjourned for
      a period of not less than 10 days as determined by the chairman of the meeting. In the absence of a quorum at any such adjourned
      meeting, such adjourned meeting shall be further adjourned for a period of not less than 10 days as determined by the chairman
      of the meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 9.02, except that
      such notice must be mailed or delivered not less than five days prior to the date on which the meeting is scheduled to be reconvened.

   

  Subject
      to the foregoing, at the second reconvening of any meeting adjourned for lack of a quorum, the Persons entitled to vote 25% in
      aggregate principal amount of the Securities of the relevant series then Outstanding shall constitute a quorum for the taking
      of any action set forth in the notice of the original meeting. Notice of the reconvening of an adjourned meeting shall state expressly
      the percentage of the aggregate principal amount of the Securities of the relevant series then Outstanding which shall constitute
      a quorum.

   

  At
      a meeting or any adjourned meeting duly convened and at which a quorum is present as aforesaid, any resolution and all matters
      (except as limited by the proviso in Section 10.02) shall be effectively passed and decided if passed or decided by the Persons
      entitled to vote the lesser of (a) a majority in aggregate principal amount of the Securities of the relevant series then Outstanding
      and (b) 75% in aggregate principal amount of the Securities represented and voting at the meeting.

   

  Any
      holder of a Security who has executed in person or by proxy and delivered to the Trustee or respective agent an instrument in
      writing complying with the provisions of Article Eight shall be deemed to be present for the purposes of determining a quorum
      and be deemed to have voted; provided that such holder of a Security shall be considered as present or voting only with respect
      to the matters covered by such instrument in writing.

   

  Section
        9.06. Regulations. Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations
      as it may deem advisable for any meeting of Securityholders, in regard to proof of the holder of Securities and of the appointment
      of proxies, and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates
      and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit.

   

  The
      Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called
      by the [Company] [Issuers] or by Securityholders as provided in Section 9.03, in which case the [Company] [Issuers] or the
      Securityholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman
      and a permanent secretary of the meeting shall be elected by majority vote of the meeting.

   

  Subject
      to the provisions of Section 8.04, at any meeting each holder of Securities with respect to which such meeting is being held
      or proxy shall be entitled to vote the principal amount (in the case of Original Issue Discount Securities, such principal amount
      to be determined as provided in the definition of “Security or Securities; Outstanding” in Section 1.01) of such
      Securities held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in
      respect of any such Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The
      chairman of the meeting shall have no right to vote other than by virtue of such Securities held by him or instruments in writing
      as aforesaid duly designating him as the person to vote on behalf of other such Securityholders. Any meeting of holders of Securities
      with respect to which a meeting was duly called pursuant to the provisions of Sections 9.02 or 9.03 may be adjourned from time
      to time by a majority of those present, whether or not constituting a quorum, and the meeting may be held as so adjourned without
      further notice.

   

  Section
        9.07. Voting. The vote upon any resolution submitted to any meeting of holders of Securities with respect to which such
      meeting is being held shall be by written ballots on which shall be subscribed the signatures of such holders of Securities or
      of their representatives by proxy and the principal amount (in the case of Original Issue Discount Securities, such principal
      amount to be determined as provided in the definition of “Security or Securities; Outstanding” in Section 1.01)
      and number or numbers of such Securities held or represented by them. The permanent chairman of the meeting shall appoint two
      inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with
      the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record in duplicate
      of the proceedings of each meeting of Securityholders shall be prepared by the secretary of the meeting and there shall be attached
      to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more
      persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was mailed
      or delivered as provided in Section 9.02. The record shall show the principal amount of the Securities (in the case of Original
      Issue Discount Securities, such principal amount to be determined as provided in the definition of “Security or Securities;
      Outstanding” in Section 1.01) voting in favor of or against any resolution. The record shall be signed and verified
      by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the [Company]
      [Issuers] and the other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at
      the meeting.

   

  
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  Any
      record so signed and verified shall be conclusive evidence of the matters therein stated.

   

  Section
        9.08. No Delay of Rights by Meeting. Nothing in this Article Nine contained shall be deemed or construed to authorize
      or permit, by reason of any call of a meeting of Securityholders of any or all series or any rights expressly or impliedly conferred
      hereunder to make such call, any hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee
      or to the Securityholders of any or all such series under any of the provisions of this Indenture or of the Securities.

   

  Article 10

      SUPPLEMENTAL INDENTURES

   

  Section
        10.01. Supplemental Indentures without Consent of Securityholders. The [Company] [Issuers], the applicable Guarantor(s),
      if any, when authorized by resolution of [the board of directors] [each of their boards of directors or other governing bodies],
      and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto for one or more
      of the following purposes:

   

  (a)         
      to evidence the succession of another Person to [the Company] [any Issuer], or successive successions, and the assumption by the
      successor Person of the covenants, agreements and obligations of [the Company] [such Issuer] pursuant to Article Eleven hereof;

   

  (b)         
      to add to the covenants of the [Company] [Issuers] such further covenants, restrictions, conditions or provisions for the protection
      of the holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of
      Securities, stating that such covenants are expressly being included for the benefit of such series) as the [board of directors]
      [boards of directors or other governing bodies] of the [Company] [Issuers] shall consider to be for the protection of the holders
      of such Securities, and to make the occurrence, or the occurrence and continuance, of a default in any of such additional covenants,
      restrictions, conditions or provisions a default or an Event of Default permitting the enforcement of all or any of the several
      remedies provided in this Indenture as herein set forth; provided, however, that in respect of any such additional
      covenant, restriction, condition or provision, such supplemental indenture may provide for a particular period of grace after
      default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate
      enforcement upon such default or may limit the remedies available to the Trustee upon such default;

   

  (c)         
      to add any additional Events of Default (and, if such Events of Default are to be applicable to less than all series of Securities,
      stating that such Events of Default are applicable only to specified series);

   

  (d)         
      to provide for the issuance under this Indenture of Securities in coupon form (including Securities registrable as to principal
      only) 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;

   

  (e)         
      to establish the forms or terms of Securities of any series or of the coupons appertaining to such Securities as permitted by
      Sections 2.01 and 2.02;

   

  (f)          
      to provide for uncertificated debt securities in addition to or in place of certificated debt securities;

   

  
    - 28 - 

    
      

    

  

   

  (g)         
      to cure any ambiguity, omission, mistake, defect or inconsistency contained herein or in any supplemental indenture;

   

  (h)         
      to modify or amend this Indenture to permit the qualification of this Indenture or any indentures supplemental hereto under the
      Trust Indenture Act, as amended;

   

  (i)           
      to add to or change any provision of this Indenture to provide that bearer Securities may be registrable as to principal, to change
      or eliminate any restrictions on the payment of principal or premium with respect to registered Securities or of principal, premium
      or interest with respect to bearer Securities, or to permit registered Securities to be exchanged for bearer Securities; provided,
      however, that any such addition, change or elimination may not materially adversely affect the interests of any holders of Securities
      at the time Outstanding nor permit or facilitate the issuance of Securities of any series in uncertificated form;

   

  (j)          
      to add Guarantees with respect to the Securities of any series or to secure the Securities of any series;

   

  (k)         
      to evidence and provide for the acceptance of appointment hereunder by a successor or separate 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 7.10 or pursuant
      to Section 2.02(17); and

   

  (l)           
      to add to, change or eliminate any of the provisions of this Indenture; provided, however, that no such addition,
      change or elimination shall materially adversely affect the legal rights of the holders of any Securities of the applicable series.

   

  The
      Trustee is hereby authorized to join with the [Company] [Issuers] and the applicable Guarantor(s), if any, in the execution of
      any such supplemental indenture, to make any further appropriate agreements and stipulations which may be therein contained and
      to accept the conveyance, transfer and assignment of any property thereunder, but the Trustee shall not be obligated to, but may
      enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture
      or otherwise.

   

  Any
      supplemental indenture authorized by the provisions of this Section 10.01 may be executed by the [Company] [Issuers], the
      Guarantor(s), if applicable, and the Trustee without the consent of the holders of any of the Securities at the time Outstanding,
      notwithstanding any of the provisions of Section 10.02.

   

  Section
        10.02. Supplemental Indentures with Consent of Securityholders. With the consent (evidenced as provided in Sections
      8.01 and 8.02) of the holders of a majority in the principal amount of the Securities of each series (each series voting as a
      class) affected by such supplemental indenture at the time Outstanding, the [Company] [Issuers], the applicable Guarantor(s),
      if any, and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto for the
      purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or any supplemental
      indenture or of modifying in any manner the rights of the holders of the Securities or each such series; provided, however,
      that no such supplemental indenture shall (i) change the stated maturity of principal of, or any installment of principal of or
      interest on, any Security, (ii) reduce the rate of or extend the time of payment of interest, if any, on any Security or alter
      the manner of calculation of interest payable on any Security (except as part of any remarketing of the Securities of any series,
      or any interest rate reset with respect thereto in each case in accordance with the terms thereof), (iii) reduce the principal
      amount or premium, if any, on any Security, (iv) make the principal amount or premium, if any, or interest, if any, on any Security
      payable in any coin or currency other than that provided in any Security, (v) reduce the percentage in principal amount of Securities
      of any series the holders of which are required to consent to any such supplemental indenture or any waiver of any past default
      or Event of Default pursuant to Section 6.07(b), (vi) change any place of payment where the Securities of any series or interest
      thereon is payable, (vii) impair the right of any holder of a Security to institute suit for any such payment, 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
      pursuant to Section 6.01, adversely affect the right of repayment, if any, at the option of the holder or extend the time
      or reduce the amount of any payment to any sinking fund or analogous obligation relating to any Security, (viii) in the case of
      any Security that is subject to a Guarantee, release the Guarantor of such Guarantee from any of its obligations under such Guarantee,
      except in accordance with the terms of this Indenture and such Security or (ix) modify any provision of Section 6.07(b) or
      10.02 (except to increase any such percentage or to provide that certain other provisions of the Indenture cannot be modified
      or waived without the consent of the holder of each Security so affected), without, in the case of each of the foregoing clauses
      (i) through (ix), the consent of the holder of each Security so affected. A supplemental indenture which changes or eliminates
      any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular
      series of Securities, or which modifies the rights of the holders of Securities of such series with respect to such covenant or
      other provision, shall be deemed not to affect the rights under this Indenture of the holders of Securities of any other series.

   

  
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  Upon
      the request of the [Company] [Issuers], accompanied by a copy of the resolutions of the board of directors or other governing
      body of [the Company] [each of the Issuers] and the Guarantor(s), if applicable, authorizing the execution and delivery of any
      such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of Securityholders as aforesaid,
      the Trustee shall join with the [Company] [Issuers] and the Guarantor(s), if applicable, in the execution of such supplemental
      indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture
      or otherwise, in which case the Trustee may but shall not be obligated to, enter into such supplemental indenture.

   

  For
      the avoidance of doubt, with respect to any series of Securities, the consent of holders of Securities of such series required
      by this Section 10.02, if the Company so determines, may also be obtained from the holders of a majority in principal amount
      of the Securities of that series.

   

  It
      shall not be necessary for the consent of the Securityholders under this Section 10.02 to approve the particular form of
      any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof.

   

  Section
        10.03. Compliance with Trust Indenture Act; Effect of Supplemental Indentures. Any supplemental indenture executed pursuant
      to the provisions of this Article 10 shall comply with the Trust Indenture Act of 1939, as then in effect. Upon the execution
      of any supplemental indenture pursuant to the provisions of this Article 10, this Indenture shall be deemed to be modified and
      amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this
      Indenture of the Trustee, the [Company] [Issuers] and the holders of the Securities shall thereafter be determined, exercised
      and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such
      supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes.

   

  Section
        10.04. Notation on Securities. Securities authenticated and delivered after the execution of any supplemental indenture
      pursuant to the provisions of this Article 10 may bear a notation in form provided to the Trustee as to any matter provided for
      in such supplemental indenture. If the [Company] [Issuers] or the Trustee shall so determine, new Securities of any series so
      modified as to conform, in the opinion of the Trustee and the board of directors or other governing body of [the Company] [each
      of the Issuers], to any modification of this Indenture contained in any such supplemental indenture may be prepared and executed
      by the [Company] [Issuers], authenticated by the Trustee and delivered in exchange for the Securities of such series then Outstanding.

   

  Section
        10.05. Evidence of Compliance of Supplemental Indenture to be Furnished Trustee. The Trustee, subject to the provisions
      of Sections 7.01 and 7.02, shall receive an Officer’s Certificate and an Opinion of Counsel as conclusive evidence that
      any supplemental indenture executed pursuant hereto complies with the requirements of this Article 10 and constitutes the valid
      and binding obligation of [the Company] [each of the Issuers], enforceable against [it] [them] in accordance with its terms, subject
      to customary assumptions and exceptions.

   

  Article 11

      CONSOLIDATION, MERGER, SALE OR CONVEYANCE

   

  Section
        11.01. [Company][Issuers] May Consolidate, Merge Or Sell Assets on Certain Terms. [The Company] [Any Issuer] may consolidate
      or merge with or into or wind up into (whether or not such Person is the surviving corporation), or sell, assign, transfer, lease,
      convey or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions, to any
      Person; provided, however, that (a) in case of any such consolidation or merger the corporation resulting from such consolidation
      or any corporation other than [the Company] [such Issuer] into which such merger shall be made shall succeed to and be substituted
      for [the Company] [such Issuer] with the same effect as if it has been named herein as a party hereto and shall become liable
      and be bound for, and shall expressly assume, by a supplemental indenture hereto, executed and delivered to the Trustee, the due
      and punctual payment of the principal of, premium, if any, and interest, if any, on all the Securities of each series and the
      coupons, if any, appertaining thereto and the performance and observance of each and every covenant and condition of this Indenture
      on the part of [the Company] [such Issuer] to be performed or observed, (b) as a condition of any such sale of the assets of [the
      Company] [such Issuer] as, or substantially as, an entirety, the corporation to which such assets shall be sold shall (i) expressly
      assume the due and punctual payment of the principal of, premium, if any, and interest, if any, on all the Securities of each
      series and the coupons, if any, appertaining thereto and the performance and observance of all the covenants and conditions of
      this Indenture on the part of [the Company] [such Issuer] to be performed or observed and (ii) simultaneously with the delivery
      to it of the conveyances or instruments of transfer of such assets, execute and deliver to the Trustee a supplemental indenture
      thereto, in form satisfactory to the Trustee, whereby such purchasing corporation shall so assume the due and punctual payment
      of the principal of, premium, if any, and interest, if any, on all the Securities of each series and the coupons, if any, appertaining
      thereto and the performance and observance of each and every covenant and condition of this Indenture on the part of [the Company]
      [such Issuer] to be performed or observed, to the same extent that [the Company] [such Issuer] is bound and liable, (c) [the Company]
      [such Issuer] is not, or such successor corporation is not, immediately after such merger, consolidation or sale, in default in
      the performance of any obligations under this Indenture and (d) deliver an Officer’s Certificate and Opinion of Counsel
      that such transaction is permitted by this Indenture and all conditions precedent have been complied with.

   

  
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  Section
        11.02. Successor Corporation or Limited Liability Company to be Substituted. In case of any such merger, consolidation
      or sale, and upon any such assumption by the successor corporation or limited liability company, such successor corporation or
      limited liability company shall succeed to and be substituted for [the Company] [such Issuer], and may exercise every right and
      power of [the Company] [such Issuer] under this Indenture with the same effect as if such successor corporation or limited liability
      company had been named herein as [the Company] [such Issuer], and [the Company] [such Issuer] shall be relieved of any further
      obligation under this Indenture and under the Securities. Such successor corporation or limited liability company thereupon may
      cause to be signed, and may issue either in its own name or in the name of [OUTFRONT Media Inc.] [Outfront Media Capital LLC or
      Outfront Media Capital Corporation, as applicable], any or all of the Securities issuable hereunder which theretofore shall not
      have been signed by [the Company] [such Issuer] and delivered to the Trustee; and, upon the order of such successor corporation
      or limited liability company, instead of [the Company] [such Issuer], and subject to all the terms, conditions and limitations
      in this Indenture prescribed, the Trustee shall authenticate and shall deliver any Securities which previously shall have been
      signed and delivered by the officers of [the Company] [such Issuer] to the Trustee for authentication, and any Securities which
      such successor corporation or limited liability company thereafter shall cause to be signed and delivered to the Trustee for that
      purpose. All the Securities so issued shall in all respects have the same legal rank and benefit under this Indenture as the Securities
      theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued
      at the date of the execution hereof.

   

  In
      case of any such merger, consolidation or sale, such changes in phraseology and form (but not in substance) may be made in the
      Securities thereafter to be issued as may be appropriate.

   

  Section
        11.03. Documents to be Given Trustee. The Trustee, subject to the provisions of Sections 7.01 and 7.02, may receive
      an Officer’s Certificate and an Opinion of Counsel as conclusive evidence that any such consolidation, merger or sale, and
      any such assumption, comply with the provisions of this Article Eleven.

   

  Article 12

      SATISFACTION AND DISCHARGE OF INDENTURE

   

  Section
        12.01. Discharge of Indenture. When (a) the [Company] [Issuers] shall deliver to the Trustee for cancellation all Securities
      theretofore authenticated (other than any Securities which shall have been destroyed, lost or stolen or in lieu of or in substitution
      for which other Securities shall have been authenticated and delivered, or which shall have been paid, pursuant to the provisions
      of Section 2.07 or Securities for whose payment money has theretofore been deposited in trust and thereafter repaid to the
      [Company] [Issuers] as provided in Section 12.06) and not theretofore cancelled, or (b) all the Securities not theretofore
      cancelled or delivered to the Trustee for cancellation shall have become due and payable, or are by their terms to become due
      and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee
      for the giving of notice of redemption, and the [Company] [Issuers] or any Guarantor(s) shall deposit with the Trustee, in trust,
      funds sufficient to pay at maturity or upon redemption all of the Securities (other than any (i) Securities which shall have been
      destroyed, lost or stolen and in lieu of or in substitution for which other Securities shall have been authenticated and delivered,
      or which shall have been paid, pursuant to the provisions of Section 2.07 or (ii) Securities for whose payment money has
      theretofore been deposited in trust and thereafter repaid to the [Company] [Issuers] as provided in Section 12.06) not theretofore
      cancelled or delivered to the Trustee for cancellation, including principal, premium, if any, and interest, if any, due or to
      become due to such date of maturity or date fixed for redemption, as the case may be, and if in either case the [Company] [Issuers]
      or any Guarantor(s) shall also pay or cause to be paid all other sums payable hereunder by the [Company] [Issuers], then this
      Indenture shall cease to be of further effect (except as to (i) rights of registration of transfer and exchange of Securities,
      (ii) substitution of mutilated, defaced, destroyed, lost or stolen Securities, (iii) rights of holders to receive payments of
      principal thereof and interest thereon, and remaining rights of the holders to receive mandatory sinking fund payments, if any,
      (iv) the rights, obligations and immunities of the Trustee hereunder and (v) the rights of the Securityholders as beneficiaries
      hereof with respect to the property so deposited with the Trustee payable to all or any of them), and the Trustee, on demand of
      the [Company] [Issuers] or any Guarantor(s) accompanied by an Officer’s Certificate and an Opinion of Counsel and at the
      cost and expense of the [Company] [Issuers], shall execute proper instruments acknowledging satisfaction of and discharging this
      Indenture, the [Company] [Issuers], however, hereby agreeing to reimburse the Trustee for any costs or expenses thereafter reasonably
      and properly incurred by the Trustee in connection with this Indenture or the Securities.

   

  
    - 31 - 

    
      

    

  

   

  Section
        12.02. Legal Defeasance. Following the deposit referred to in clause (a), the [Company] [Issuers] will be deemed to
      have paid and will be discharged from its obligations in respect of the Securities of the series with respect to which such deposit
      shall have been made and the Indenture with respect to such Securities (“Legal Defeasance”), other than (i)
      the rights of the Securityholders of Outstanding Securities of such series to receive, solely from the trust fund described in
      clause (a), payments in respect of the principal of and interest on such securities when such payments are due and (ii) its obligations
      in Article Two and Sections 4.02, 7.06, 7.10, 12.06 and 12.07, provided the following conditions have been satisfied:

   

  (a)         
      The [Company] [Issuers] or, if applicable, any Guarantor(s) irrevocably deposited in trust with the Trustee, as trust funds solely
      for the benefit of the Securityholders of such series, money sufficient, or U.S. Government Obligations, the principal of and
      interest on which shall be sufficient, or a combination thereof sufficient, in the opinion of in the opinion of a nationally recognized
      firm of independent public accountants, to pay principal of, premium, if any, and interest, if any, on the Securities of such
      series to maturity or redemption, as the case may be, provided that any redemption before maturity has been irrevocably provided
      for under arrangements satisfactory to the Trustee.

   

  (b)         
      The deposit will not result in a breach or violation of, or constitute a default under, the Indenture or any other agreement or
      instrument to which [the Company] [any Issuer] or any Guarantor is a party or by which it is bound.

   

  (c)         
      The [Company] [Issuers] or, if applicable, the Guarantor(s) have delivered to the Trustee an Opinion of Counsel confirming that,
      subject to customary assumptions and exclusions, the holders of Securities will not recognize income, gain or loss for U.S. Federal
      income tax purposes, as applicable, as a result of such Legal Defeasance and will be subject to U.S. Federal income tax on the
      same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred.

   

  (d)         
      The [Company] [Issuers] or, if applicable, the Guarantor(s) have delivered to the Trustee an Officer’s Certificate stating
      that the deposit was not made by the [Company] [Issuers] or such Guarantor(s), if applicable, with the intent of defeating, hindering,
      delaying or defrauding any creditors of the Issuers or any Guarantor or others.

   

  (e)         
      The [Company] [Issuers] or, if applicable, the Guarantor(s) have delivered to the Trustee an Officer’s Certificate and an
      Opinion of Counsel, in each case stating that all conditions precedent provided for herein relating to the defeasance have been
      complied with.

   

  
    - 32 - 

    
      

    

  

   

  As
      used herein, “U.S. Government Obligation” means (x) any security which is (i) a direct obligation of the United
      States of America for the payment of which its full faith and credit is pledged or (ii) an obligation of a Person controlled or
      supervised by and acting as an agency or instrumentality of the United States of America, the payment of which is unconditionally
      guaranteed as a full faith and credit obligation by the United States of America, which, in either case (i) or (ii), is not callable
      or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2)
      of the Securities Act of 1933) as custodian with respect to any U.S. Government Obligation which is specified in clause (x) above
      and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal
      of or interest on any U.S. Government Obligation which is so specified and held, 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 depositary receipt from any amount
      received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal or interest evidenced
      by such depositary receipt.

   

  Section
        12.03. Covenant Defeasance. Following the deposit referred to in clause (a) with respect to the Securities of a series,
      the [Company’s] [Issuers’] obligations set forth in the covenant or covenants for such series of Securities established
      as contemplated by Section 2.02(20) will terminate, and clauses (d) (to the extent relating to such covenant or covenants),
      (e) and (h) of Section 6.01 will no longer constitute Events of Default with respect to the Securities of a series, provided
      the following conditions have been satisfied:

   

  (a)         
      the [Company] [Issuers] or, if applicable, any Guarantor(s) have complied with clauses (a), (b), (d) and (e) of Section 12.02;
      and

   

  (b)         
      the [Company] [Issuers] or, if applicable, the Guarantor(s) have delivered to the Trustee an Opinion of Counsel to the effect
      that the holders of the Securities of such series will not recognize income, gain or loss for U.S. Federal income tax purposes
      as a result of the defeasance and will be subject to U.S. Federal income tax on the same amount and in the same manner and at
      the same times as would otherwise have been the case.

   

  Except
      as specifically stated above, none of the [Company’s] [Issuers’] obligations under the Indenture will be discharged.

   

  Section
        12.04. Deposited Moneys to be Held in Trust by Trustee; Miscellaneous Provisions. All moneys and U.S. Government Obligations
      (including the proceeds thereof) deposited with the Trustee pursuant to the provisions of Section 12.02 or 12.03 shall be
      held in trust and applied by it to the payment, either directly or through any paying agent (including [the Company] [any Issuer]
      if acting as the paying agent), to the holders of the particular Securities for payment or redemption of which such moneys or
      U.S. Government Obligations have been deposited with the Trustee, of all sums due and to become due thereon for principal, premium,
      if any, and interest, if any.

   

  The
      [Company] [Issuers] shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the
      U.S. Government Obligations deposited pursuant to Section 12.01 or 12.03 or the principal and interest received in respect
      thereof other than any such tax, fee or other charge which by law is for the account of the holders of the Securities.

   

  Anything
      in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the [Company] [Issuers] from time to time
      upon request of the [Company] [Issuers] any money or U.S. Government Obligations held by it as provided in Section 12.02
      or 12.03 with respect to any Securities which, in the opinion of a nationally recognized firm of independent public accountants
      expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be
      required to be deposited to effect the legal defeasance or covenant defeasance, as the case may be, with respect to such Securities.

   

  Section
        12.05. Paying Agent to Repay Moneys Held. Upon the satisfaction and discharge of this Indenture all moneys then held
      by any paying agent of the Securities (other than the Trustee) shall, upon demand of the [Company] [Issuers], be repaid to the
      [Company] [Issuers] or paid to the Trustee, and thereupon such paying agent shall be released from all further liability with
      respect to such moneys.

   

  
    - 33 - 

    
      

    

  

   

  Section
        12.06. Return of Unclaimed Moneys. Subject to applicable laws, any moneys deposited with or paid to the Trustee for
      payment of the principal of, premium, if any, or interest, if any, on Securities of any series and not applied but remaining unclaimed
      by the holders of Securities of that series for two years after the date upon which the principal of, premium, if any, or interest,
      if any, on such Securities, as the case may be, shall have become due and payable, shall be repaid to the [Company] [Issuers]
      by the Trustee on written demand; and the holder of any such Securities shall thereafter look only to the [Company] [Issuers]
      for any payment which such holder may be entitled to collect and all liability of the Trustee with respect to such money shall
      thereupon cease.

   

  Section
        12.07. Reinstatement. If and for so long as the Trustee is unable to apply any money or U.S. Government Obligations
      held in trust pursuant to Section 12.01, 12.02 or 12.03 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]
      [Issuers’] obligations under the Indenture and the Securities will be reinstated as though no such deposit in trust had
      been made. If the [Company makes] [Issuers make] any payment of principal of or interest on any Securities because of the reinstatement
      of [its] [their] obligations, [it] [they] will be subrogated to the rights of the Securityholders of such Securities to receive
      such payment from the money or U.S. Government Obligations held in trust.

   

  Article 13

      IMMUNITY OF INCORPORATORS,

      STOCKHOLDERS, OFFICERS AND DIRECTORS

   

  Section
        13.01. Indenture and Securities Solely Corporate Obligations. No recourse for the payment of the principal of, premium,
      if any, or interest, if any, on any Security, or for any claim based thereon or otherwise in respect thereof, and no recourse
      under or upon any obligation, covenant or agreement of the [Company] [Issuers] in this Indenture or in any supplemental indenture,
      or in any Security, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator,
      stockholder, officer or director, as such, past, present or future, of [the Company] [any Issuer] or of any successor corporation,
      either directly or through [the Company] [any Issuer] 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 understood that all such liability
      is hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the
      issue of the Securities.

   

  Article 14

      MISCELLANEOUS PROVISIONS

   

  Section
        14.01. Notices. Any notice or communication by the [Company] [Issuers], any Guarantor, the Trustee or any paying agent
      to the others is duly given if in writing in English and delivered in person or via facsimile, electronic mail or mailed by first-class
      mail (registered or certified, return receipt requested) or overnight air courier guaranteeing next day delivery, to the others’
      address:

   

  If
      to the [Company] [Issuers] and/or any Guarantor:

      

      OUTFRONT Media Inc.

      405 Lexington Avenue, 17th Floor

      New York, NY 10174

      Attention: General Counsel

   

  If
      to the Trustee:

      

      Deutsche Bank Trust Company Americas

      Trust and Agency Services

      1 Columbus Circle 17th Floor

      Mail Stop: NYC01-1710

      New York, New York 10005

      Attention: Corporates Team Deal Manager - Outfront Media Inc./ Deal ID, SF7177

      Facsimile: (732) 578-4635

   

  
    - 34 - 

    
      

    

  

   

  The
      [Company] [Issuers], any Guarantor, the Trustee or any paying agent, by notice to the others, may designate additional or different
      addresses for subsequent notices or communications.

   

  All
      notices and communications (other than those sent to Securityholders) shall be deemed to have been duly given: at the time delivered
      by hand, if personally delivered; five calendar days after being deposited in the mail, postage prepaid, if mailed by first-class
      mail (or in the case of securities in global form, on the date the notice is sent pursuant to the applicable procedures of the
      Depositary); when receipt acknowledged, if faxed; at the time sent if sent by electronic mail; and the next Business Day after
      timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery; and, subject to compliance with
      the Trust Indenture Act, on the first date of which publication is made, if given by publication; provided that any notice or
      communication delivered to the Trustee shall be deemed effective upon actual receipt thereof.

   

  Any
      notice or communication to a Securityholder shall be transmitted in accordance with the procedures of DTC, sent by electronic
      mail, mailed by first-class mail (certified or registered, return receipt requested) or sent by overnight air courier guaranteeing
      next day delivery to its address shown on the register kept by the Registrar. Any notice or communication shall also be so transmitted
      to any Person described in Trust Indenture Act Section 313(c), to the extent required by the Trust Indenture Act. Failure
      to transmit a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to
      other Securityholders.

   

  If
      a notice or communication is transmitted in the manner provided above within the time prescribed, it is duly given, whether or
      not the addressee receives it.

   

  If
      the [Company transmits] [Issuers transmit] a notice or communication to Securityholders, they shall transmit a copy to the Trustee
      and each registrar or paying agent at the same time.

   

  Section
        14.02. Communication by Holders of Securities with Other Holders of Securities. Securityholders may communicate pursuant
      to Trust Indenture Act Section 312(b) with other Securityholders with respect to their rights under this Indenture or the
      Securities. The [Company] [Issuers], the Trustee, the Registrar and anyone else shall have the protection of Trust Indenture Act
      Section 312(c).

   

  Section
        14.03. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the [Company] [Issuers][,
      the Parent] or any of the Guarantor(s), if applicable, to the Trustee to take any action under this Indenture, the [Company] [Issuers][,
      the Parent] or such Guarantor, as the case may be, shall furnish to the Trustee:

   

  (a)         
      an Officer’s Certificate in form and substance reasonably satisfactory to the Trustee (which shall include the statements
      set forth in Section 14.04 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if
      any, provided for in this Indenture relating to the proposed action have been satisfied; and

   

  (b)         
      an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which shall include the statements set forth
      in Section 14.04 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been
      satisfied.

   

  Section
        14.04. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a
      condition or covenant provided for in this Indenture (other than a certificate provided pursuant to Section 4.05 hereof or
      Trust Indenture Act Section 314(a)(4)) shall comply with the provisions of Trust Indenture Act Section 314(e) and shall
      include:

   

  (a)         
      a statement that the Person making such certificate or opinion has read such covenant or condition;

   

  (b)         
      a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained
      in such certificate or opinion are based;

   

  
    - 35 - 

    
      

    

  

   

  (c)         
      a statement that, in the opinion of such Person, he or she 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 (which examination or
      investigation, in the case of an Opinion of Counsel, may be limited to reliance on an Officer’s Certificate as to matters
      of fact); and

   

  (d)         
      a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with; provided,
      however, that with respect to matters of fact an Opinion of Counsel may rely on an Officer’s Certificate or certificates
      of public officials.

   

  Section
        14.05. Rules by Trustee and Agents. The Trustee may make reasonable rules for action by or at a meeting of Securityholders.
      The Registrar or paying agent may make reasonable rules and set reasonable requirements for its functions.

   

  Section
        14.06. No Personal Liability of Directors, Officers, Employees and Stockholders. No director, officer, employee, incorporator,
      member or stockholder of [the Company] [any Issuer] or any Guarantor shall have any liability for any obligations of [the Company]
      [any Issuer] or such Guarantor under the Securities, the Guarantees or this Indenture or for any claim based on, in respect of,
      or by reason of such obligations or their creation. Each holder by accepting Securities waives and releases all such liability.
      The waiver and release are part of the consideration for issuance of the Securities.

   

  Section
        14.07. Governing Law. THIS INDENTURE, THE SECURITIES AND ANY GUARANTEE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
      WITH THE LAWS OF THE STATE OF NEW YORK.

   

  Section
        14.08. Consent to Jurisdiction. Any legal suit, action or proceeding arising out of or based upon this Indenture may
      be instituted in the federal courts of the United States of America or the courts of the State of New York in each case located
      in the City of New York (collectively, the “Specified Courts”), and each party irrevocably submits to the non-exclusive
      jurisdiction of such courts in any such suit, action or proceeding. Service of any process, summons, notice or document by mail
      (to the extent allowed under any applicable statute or rule of court) to such party’s address set forth above shall be effective
      service of process for any suit, action or other proceeding brought in any such court. Each of the [Company] [Issuers], the Guarantors
      and the Trustee irrevocably and unconditionally waives any objection to the laying of venue of any suit, action or other proceeding
      in the Specified Courts and irrevocably and unconditionally waives and agrees not to plead or claim any such suit, action or other
      proceeding has been brought in an inconvenient forum.

   

  Section
        14.09. Waiver of Jury Trial. EACH OF THE [COMPANY] [ISSUERS], THE GUARANTORS 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 SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

   

  Section
        14.10. Force Majeure. In no event shall the Trustee incur any liability for not performing any act or fulfilling any
      duty, obligation or responsibility hereunder by reason of any occurrence beyond the reasonable control of the Trustee (including
      but not limited to any act or provision of any present or future law or regulation or governmental authority, any act of God or
      war, civil unrest, epidemic or pandemic, local or national disturbance or disaster, any act of terrorism, or the unavailability
      of the Federal Reserve Bank wire or facsimile or other wire or communication facility).

   

  Section
        14.11. No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret any other indenture,
      loan or debt agreement of the [Company] [Issuers], any Guarantor[, the Parent] or of any other Person. Any such indenture, loan
      or debt agreement may not be used to interpret this Indenture.

   

  Section
        14.12. Successors. All agreements of [the Company] [each of the Issuers] in, or of any Guarantor pursuant to, this Indenture
      and the Securities or Guarantee, as applicable, shall bind their successors. All agreements of the Trustee or any Agent in this
      Indenture shall bind its successors.

   

  
    - 36 - 

    
      

    

  

   

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

   

  Section
        14.14. Counterpart Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be
      an original, but all of them together represent the same agreement. The exchange of copies of this Indenture and of signature
      pages by facsimile, electronic or PDF transmission shall constitute effective execution and delivery of this Indenture as to the
      parties hereto and may be used in lieu of the original Indenture and signature pages for all purposes. Facsimile, documents executed,
      scanned and transmitted electronically and electronic signatures, including those created or transmitted through a software platform
      or application, shall be deemed original signatures for purposes of this Indenture and all other related documents and all matters
      and agreements related thereto, with such facsimile, scanned and electronic signatures having the same legal effect as original
      signatures. The parties agree that this Indenture or any other related document or any instrument, agreement or document necessary
      for the consummation of the transactions contemplated by this Indenture or the other related documents or related hereto or thereto
      (including, without limitation, addendums, amendments, notices, instructions, communications with respect to the delivery of securities
      or the wire transfer of funds or other communications) (“Executed Documentation”) may be accepted, executed
      or agreed to through the use of an electronic signature in accordance with applicable laws, rules and regulations in effect from
      time to time applicable to the effectiveness and enforceability of electronic signatures. Any Executed Documentation accepted,
      executed or agreed to in conformity with such laws, rules and regulations will be binding on all parties hereto to the same extent
      as if it were physically executed and each party hereby consents to the use of any third party electronic signature capture service
      providers as may be reasonably chosen by a signatory hereto or thereto. When the Trustee acts on any Executed Documentation sent
      by electronic transmission, the Trustee will not be responsible or liable for any losses, costs or expenses arising directly or
      indirectly from its reliance upon and compliance with such Executed Documentation, notwithstanding that such Executed Documentation
      (a) may not be an authorized or authentic communication of the party involved or in the form such party sent or intended to send
      (whether due to fraud, distortion or otherwise) or (b) may conflict with, or be inconsistent with, a subsequent written instruction
      or communication; it being understood and agreed that the Trustee shall conclusively presume that Executed Documentation that
      purports to have been sent by an authorized officer of a Person has been sent by an authorized officer of such Person. The party
      providing Executed Documentation through electronic transmission or otherwise with electronic signatures agrees to assume all
      risks arising out of such electronic methods, including, without limitation, the risk of the Trustee acting on unauthorized instructions
      and the risk of interception and misuse by third parties.

   

  Section
        14.15. Table of Contents, Headings, etc. The Table of Contents, Cross-Reference Table and headings of the Articles and
      Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture
      and shall in no way modify or restrict any of the terms or provisions hereof.

   

  Section
        14.16. U.S.A. Patriot Act. In order to comply with the laws, rules, regulations and executive orders in effect from
      time to time applicable to banking institutions, including, without limitation, those relating to the funding of terrorist activities
      and money laundering, including Section 326 of the USA PATRIOT Act of the United States (“Applicable Law”),
      the Trustee and agents are required to obtain, verify, record and update certain information relating to individuals and entities
      which maintain a business relationship with the Trustee and agents. Accordingly, each of the parties agree to provide to the Trustee
      and agents, upon their request from time to time such identifying information and documentation as may be available for such party
      in order to enable the Trustee and agents to comply with Applicable Law.

   

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

   

  Article 15

      GUARANTEES

   

  Any
      series of Securities and all other obligations due under the Indenture may be guaranteed by one or more Guarantors. The terms
      and the form of any such Guarantee shall be established in the manner contemplated by Section 2.02 hereof for such series
      of Securities; provided, however, that, prior to the authentication and delivery upon original issuance of any series
      of Securities that are to be so guaranteed, the Company and the Trustee and each person that shall be an initial Guarantor of
      such series of Securities shall execute and deliver a supplemental indenture hereto pursuant to Section 10.01 hereof, whereby
      such person shall become a Guarantor under this Indenture with respect to such series of Securities.

   

  
    - 37 - 

    
      

    

  

   

  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.

   

  
    - 38 - 

    
      

    

  

   

  IN
      WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of .

   

  	 	[OUTFRONT MEDIA INC.]
	 	[OUTFRONT MEDIA CAPITAL LLC]
	 	[OUTFRONT MEDIA CAPITAL CORPORATION]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:Document

Exhibit 4.17

Description of Registrant’s Securities
The following description of registered securities of Thermo Fisher Scientific Inc. is intended as a summary only and therefore is not a complete description. As used in this “Description of Registrant’s Securities,” the terms “Thermo Fisher,” “Company,” “we,” “our” and “us” refer to Thermo Fisher Scientific Inc. and do not, unless the context otherwise indicates, include our subsidiaries.
Our authorized capital stock consists of 1.2 billion shares of common stock, $1.00 par value per share, and 50,000 shares of preferred stock, $100 par value per share. Our common stock is registered under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We also have several classes of debt securities registered under Section 12(b) of the Exchange Act.
COMMON STOCK
This description of our common stock is based upon, and qualified by reference to, our Third Amended and Restated Certificate of Incorporation, as amended (our “certificate of incorporation”), our amended and restated by-laws (our “bylaws”) and applicable provisions of Delaware corporate law (the “DGCL”). You should read our certificate of incorporation and bylaws, which are incorporated by reference as Exhibits 3.1 to 3.3 and Exhibit 3.4, respectively, to the Annual Report on Form 10-K for the year ended December 31, 2021, of which this Exhibit 4.17 is a part, for the provisions that are important to you.
General
Annual Meeting. Annual meetings of our stockholders are held on the date designated in accordance with our bylaws. Written notice must be given to each stockholder entitled to vote not less than ten nor more than 60 days before the date of the meeting. The presence in person or by proxy of the holders of record of a majority of our issued and outstanding shares entitled to vote at such meeting constitutes a quorum for the transaction of business at meetings of the stockholders, unless or except to the extent that the presence of a larger number may be required by our certificate of incorporation or the DGCL. Special meetings of the stockholders may only be called by our board of directors, the chairman of the board of directors or the chief executive officer or, solely to the extent required by our bylaws, by our secretary at the written request in proper form of one or more stockholders who have continuously held as stockholders of record not less than 15% of the outstanding shares of our common stock for at least one year prior to the date such request is delivered to our secretary. Except as may be otherwise provided by applicable law, our certificate of incorporation or our bylaws, all matters shall be decided by a majority of the votes cast by stockholders entitled to vote thereon at a duly held meeting of stockholders at which a quorum is present. Except as may be otherwise provided by our certificate of incorporation, a nominee shall be elected to our board of directors if the votes cast for such nominee’s election exceed the votes cast against, provided that if, on the 10th business day before we mail our notice of meeting to the stockholders, the number of nominees exceeds the number of directors to be elected, the election shall be decided by a plurality.
Voting Rights. Each holder of common stock is entitled to one vote for each share held on all matters to be voted upon by stockholders. 
Dividends. The holders of common stock, after any preferences of holders of any preferred stock are entitled to receive dividends when and if declared by our board of directors out of legally available funds. 
1

Exhibit 4.17

Liquidation, Dissolution and Winding Up. In the event of our liquidation, dissolution or winding up, the holders of the common stock will be entitled to share in our assets available for distribution to stockholders in proportion to the amount of common stock they own. The amount available for common stockholders is calculated after payment of liabilities. Holders of any preferred stock will receive a preferential share of our assets before the holders of the common stock receive any assets.
Other Rights. Holders of the common stock have no right to:
•convert the stock into any other security;
•have the stock redeemed; or
•purchase additional stock or to maintain their proportionate ownership interest.
The common stock does not have cumulative voting rights. Holders of shares of the common stock are not required to make additional capital contributions.
Provisions of Our Certificate of Incorporation and Bylaws and Delaware Law That May Have Anti-Takeover Effects
Certain provisions of our certificate of incorporation and bylaws may have the effect of making it more difficult for a third party to acquire, or of discouraging a third party from attempting to acquire, control of us. Such provisions could limit the price that certain investors might be willing to pay in the future for shares of our common stock and may limit the ability of stockholders to remove current management or directors or approve transactions that stockholders may deem to be in their best interest and, therefore, could adversely affect the price of our common stock.
Removal of Directors by Stockholders. Our bylaws provide that, except as otherwise provided by our certificate of incorporation or the DGCL, any one or more or all of the members of our board of directors may be removed, with or without cause, by the holders of a majority of the voting power of the shares entitled to vote thereon.
Board Vacancies Filled Only by Majority of Directors Then in Office. Our bylaws provide that, except as otherwise provided by our certificate of incorporation or the DGCL, vacancies and newly created seats on our board may be filled only by our board of directors. Further, only our board of directors may determine the number of directors on our board. The inability of stockholders to determine the number of directors or to fill vacancies or newly created seats on the board makes it more difficult to change the composition of our board of directors.
Stockholder Nomination of Directors and Proposals. Our bylaws provide that a stockholder must notify us in writing of any stockholder nomination of a director or proposal for other business not less than 60 days and not more than 75 days prior to the first anniversary of the date on which we first mailed our proxy materials for the preceding year’s annual meeting; provided, that if the date of the annual meeting is advanced or delayed by more than 30 days from such anniversary date, notice by the stockholder to be timely must be so delivered not later than the close of business on the later of (x) the 90th day prior to the date of such meeting or (y) the 10th day following the day on which public announcement of the date of such annual meeting is first made by us.
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Exhibit 4.17

Proxy Access. Our bylaws provide for proxy access, which permits a stockholder, or a group of up to 20 stockholders, owning 3% or more of our outstanding common stock continuously for at least three years, to nominate and include in our proxy materials qualifying director nominees constituting up to the greater of (i) 20% of our board of directors or (ii) two directors. To be timely, any proxy access notice must be delivered in writing to our secretary not less than 120 days and not more than 150 days prior to the first anniversary of the preceding year’s annual meeting; provided that in the event that the date of the annual meeting is advanced by more than 30 days or delayed (other than as a result of adjournment) by more than 60 days from the first anniversary of the preceding year’s annual meeting, or if no annual meeting was held in the preceding year, a stockholder’s notice must be received not earlier than 150 days prior to such annual meeting and not later than the close of business on the later of (a) the 120th day prior to such annual meeting and (b) the 10th day following the day on which notice of the date of such annual meeting was mailed or publicly announced. The complete proxy access provisions for director nominations are set forth in our bylaws.
“Blank Check” Preferred Stock. Our board of directors is authorized, without further action by our stockholders, to issue up to 50,000 shares of “blank check” preferred stock of the par value of $100 per share in one or more series possessing such specific terms, including dividend rates, conversion prices, voting rights, redemption prices, maturity dates and other special rights, preferences, qualifications, limitations, and restrictions thereof, as shall be determined in the resolution or resolutions providing for the issue of such preferred stock adopted by our board of directors. The issuance of preferred stock could impede the completion of a merger, tender offer or other takeover attempt.
These provisions of Delaware law, our certificate of incorporation and our bylaws may have the effect of deterring hostile takeovers or delaying changes in our control or in our management. These provisions are intended to enhance the likelihood of continued stability in the composition of our board of directors and in the policies they implement, and to discourage certain types of transactions that may involve an actual or threatened change of our control. These provisions are designed to reduce our vulnerability to an unsolicited acquisition proposal. The provisions also are intended to discourage certain tactics that may be used in proxy fights. However, such provisions could have the effect of discouraging others from making tender offers for our shares and, as a consequence, they also may inhibit fluctuations in the market price of our shares that could result from actual or rumored takeover attempts.
Delaware Business Combination Statute. We are subject to Section 203 of the DGCL (“Section 203”), which prohibits a Delaware corporation from engaging in business combinations with an interested stockholder. An interested stockholder is generally defined as an entity or person beneficially owning 15% or more of the outstanding voting stock of the corporation or any entity or person affiliated with or controlling or controlled by such entity or person (“interested stockholder”). Section 203 provides that an interested stockholder may not engage in business combinations with the corporation for a period of three years after the date that such stockholder became an interested stockholder, with the following exceptions:
•before such date, the board of directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder; 
•upon completion of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction began, excluding for purposes of determining the voting stock outstanding (but not the outstanding voting stock owned by the interested stockholder) those shares owned (i) by persons who are directors and also officers and (ii) employee stock plans in which employee participants do not 
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Exhibit 4.17

have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or
•on or after such date, the business combination is approved by the board of directors and authorized at an annual or special meeting of the stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock that is not owned by the interested stockholder.
In general, Section 203 defines business combinations to include the following:
•any merger or consolidation involving the corporation and the interested stockholder;
•any sale, lease, transfer, pledge or other disposition of 10% or more of the assets of the corporation to or with the interested stockholder;
•subject to certain exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder; 
•any transaction involving the corporation that has the effect of increasing the proportionate share of the stock or any class or series of the corporation beneficially owned by the interested stockholder; or
•the receipt by the interested stockholder of the benefit of any loss, advances, guarantees, pledges or other financial benefits by or through the corporation. 

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Exhibit 4.17

DEBT SECURITIES
This description of our registered debt securities is based upon, and qualified by reference to the 2009 Base Indenture, the Eighth Supplemental Indenture, the Thirteenth Supplemental Indenture, the Fifteenth Supplemental Indenture, the Sixteenth Supplemental Indenture, the Eighteenth Supplemental Indenture, and the Twenty-First Supplemental Indenture (each as hereinafter defined). You should read the 2009 Base Indenture, the Eighth Supplemental Indenture, the Thirteenth Supplemental Indenture, the Fifteenth Supplemental Indenture, the Sixteenth Supplemental Indenture, the Eighteenth Supplemental Indenture, and the Twenty-First Supplemental Indenture, which are incorporated by reference as Exhibits 4.1, 4.3, 4.5, 4.6, 4.7, 4.9, and 4.11, respectively, to the Annual Report on Form 10-K of which this Exhibit 4.17 is a part, for the provisions that are important to you.
As used in this description of registered debt securities, the term “Issuer” refers to Thermo Fisher, the term “Fixed Rate Notes” refers collectively to the 2024 Notes, the March 2025 Notes, the April 2025 Notes, the 2026 Notes, the March 2027 Notes, the April 2027 Notes, the March 2028 Notes, the September 2028 Notes, the 2029 Notes, the 2031 Notes, the 2032 Notes, the 2037 Notes, the 2039 Notes, and the 2049 Notes (each as hereinafter defined), and the term “indenture” means the 2009 Base Indenture as supplemented by the applicable supplemental indenture for the particular series of Fixed Rate Notes being described.
General
We currently have the following series of senior notes issued and outstanding under an Indenture (the “2009 Base Indenture”), dated as of November 20, 2009, by and between Thermo Fisher, as issuer, and The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), as trustee, as supplemented by the Eighth Supplemental Indenture (the “Eighth Supplemental Indenture”), dated as of November 24, 2014, by and among Thermo Fisher, as issuer, the Trustee, as trustee, and The Bank of New York Mellon, London Branch (“BNY London Branch”), as London paying agent: 2.000% Senior Notes due 2025 (the “April 2025 Notes”).
We currently have the following series of senior notes issued and outstanding under the 2009 Base Indenture, as supplemented by the Thirteenth Supplemental Indenture (the “Thirteenth Supplemental Indenture”), dated as of September 12, 2016, by and between Thermo Fisher, as issuer, and the Trustee, as trustee: 0.750% Senior Notes due 2024 (the “2024 Notes”) and 1.375% Senior Notes due 2028 (the “September 2028 Notes”).
We currently have the following series of senior notes issued and outstanding under the 2009 Base Indenture, as supplemented by the Fifteenth Supplemental Indenture (the “Fifteenth Supplemental Indenture”), dated as of March 16, 2017, by and between Thermo Fisher, as issuer, and the Trustee, as trustee: 1.450% Senior Notes due 2027 (the “March 2027 Notes”).
We currently have the following series of senior notes issued and outstanding under the 2009 Base Indenture, as supplemented by the Sixteenth Supplemental Indenture (the “Sixteenth Supplemental Indenture”), dated as of July 24, 2017, by and between Thermo Fisher, as issuer, and the Trustee, as trustee: 1.400% Senior Notes due 2026 (the “2026 Notes”), 1.950% Senior Notes due 2029 (the “2029 Notes”), and 2.875% Senior Notes due 2037 (the “2037 Notes”).
We currently have the following series of senior notes issued and outstanding under the 2009 Base Indenture, as supplemented by the Eighteenth Supplemental Indenture (the “Eighteenth Supplemental Indenture”), dated as of September 30, 2019, by and between Thermo Fisher, as issuer, and the Trustee, as trustee: 0.125% Senior Notes due 2025 (the “March 2025 Notes”), 0.500% Senior Notes due 2028 (the “March 2028 Notes”), 0.875% Senior 
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Exhibit 4.17

Notes due 2031 (the “2031 Notes”), 1.500% Senior Notes due 2039 (the “2039 Notes”), and 1.875% Senior Notes due 2049 (the “2049 Notes”).
We currently have the following series of senior notes issued and outstanding under the 2009 Base Indenture, as supplemented by the Twenty-First Supplemental Indenture (the “Twenty-First Supplemental Indenture”), dated as of April 2, 2020, by and between Thermo Fisher, as issuer, and the Trustee, as trustee: 1.750% Senior Notes due 2027 (the “April 2027 Notes”) and 2.375% Senior Notes due 2032 (the “2032 Notes”).
The Fixed Rate Notes are general unsecured obligations of the Issuer. Each series of Fixed Rate Notes ranks equally in right of payment with existing and any future unsecured indebtedness of Thermo Fisher, and is junior in right of payment to the Issuer’s senior indebtedness (including senior debt securities). Each series of Fixed Rate Notes is also effectively subordinated to any existing and future secured indebtedness of Thermo Fisher to the extent of the assets securing such indebtedness, and will be structurally subordinated to all existing and any future indebtedness and any other liabilities of their respective subsidiaries. Each series of Fixed Rate Notes is senior in right of payment to any of our existing and future indebtedness that is subordinated to such Fixed Rate Notes.
Aside from the restrictions set forth under “Certain Covenants” below, neither the Fixed Rate Notes nor the indentures restrict our ability or the ability of our subsidiaries to incur additional debt, repurchase securities, recapitalize, or pay dividends or make distributions to shareholders, or require us to maintain interest coverage or other current ratios. We may from time to time, without notice to or the consent of the holders of any series of Fixed Rate Notes, create and issue further notes of any such series ranking equally with the Fixed Rate Notes of such series, and having the same terms as such series (or the same terms other than (1) the payment of interest accruing prior to the issue date of such further notes or (2) the first payment of interest following the issue date of such further notes). Such further notes may be consolidated and form a single series with the notes of such series and have the same terms as to status, redemption, or otherwise as the notes of such series.
Maturity
Each series of Fixed Rate Notes will mature and bear interest as provided in the following table:
																		
	Series	Maturity	Interest Rate	Interest Payment Dates	Record Dates	Aggregate Principal Amount Issued/ Authorized/ Outstanding
	2024 Notes	September 12, 2024	0.750%	Annually in arrears on September 12 of each year, commencing on September 12, 2017	August 28	€ 1,000,000,000
	March 2025 Notes	March 1, 2025	0.125%	Annually in arrears on March 1 of each year, commencing on March 1, 2020	Fifteenth calendar day prior to the applicable interest payment date	€ 800,000,000
	April 2025 Notes	April 15, 2025	2.000%	Annually in arrears on April 15 of each year, commencing on April 15, 2015	April 1	€ 640,000,000

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Exhibit 4.17

																		
	Series	Maturity	Interest Rate	Interest Payment Dates	Record Dates	Aggregate Principal Amount Issued/ Authorized/ Outstanding
	2026 Notes	January 23, 2026	1.400%	Annually in arrears on January 23 of each year, commencing on January 23, 2018	January 8	€ 700,000,000
	March 2027 Notes	March 16, 2027	1.450%	Annually in arrears on March 16 of each year, commencing on March 16, 2018	March 1	€ 500,000,000
	April 2027 Notes	April 15, 2027	1.750%	Annually in arrears on April 15 of each year, commencing on April 15, 2020	Fifteenth calendar day prior to the applicable interest payment date	€ 600,000,000
	March 2028 Notes	March 1, 2028	0.500%	Annually in arrears on March 1 of each year, commencing on March 1, 2020	Fifteenth calendar day prior to the applicable interest payment date	€ 800,000,000
	September 2028 Notes	September 12, 2028	1.375%	Annually in arrears on September 12 of each year, commencing on September 12, 2017	August 28	€ 600,000,000
	2029 Notes	July 24, 2029	1.950%	Annually in arrears on July 24 of each year, commencing on July 24, 2018	July 9	€ 700,000,000
	2031 Notes	October 1, 2031	0.875%	Annually in arrears on October 1 of each year, commencing on October 1, 2020	Fifteenth calendar day prior to the applicable interest payment date	€ 900,000,000
	2032 Notes	April 15, 2032	2.375%	Annually in arrears on April 15 of each year, commencing on April 15, 2020	Fifteenth calendar day prior to the applicable interest payment date	€ 600,000,000
	2037 Notes	July 24, 2037	2.875%	Annually in arrears on July 24 of each year, commencing on July 24, 2018	July 9	€ 700,000,000
	2039 Notes	October 1, 2039	1.500%	Annually in arrears on October 1 of each year, commencing on October 1, 2020	Fifteenth calendar day prior to the applicable interest payment date	€ 900,000,000
	2049 Notes	October 1, 2049	1.875%	Annually in arrears on October 1 of each year, commencing on October 1, 2020	Fifteenth calendar day prior to the applicable interest payment date	€ 1,000,000,000

The Fixed Rate Notes are not subject to any sinking fund.
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Exhibit 4.17

Interest
The Fixed Rate Notes bear interest, which is paid annually in arrears, at the rates and from the respective dates set forth in the table above.
Interest on an interest payment date is paid to the persons, or “holders” in whose names the Fixed Rate Notes are registered in the security register on the immediately preceding record date noted in the table above, whether or not a business day, as the case may be (each such date being a “regular record date”). Interest on the Fixed Rate Notes will be computed on the basis of an ACTUAL/ACTUAL (ICMA) (as defined in the rulebook of the International Capital Markets Association) day count convention.
If any interest payment date, maturity date, or earlier date of redemption falls on a day that is not a business day, the required payment on the Fixed Rate Notes shall be made on the next business day as if it were made on the date the payment was due and no interest shall accrue on the amount so payable for the period from and after that interest payment date, that maturity date, or that date of redemption, as the case may be, until the next business day.
For purposes of the Fixed Rate Notes, “business day” means any day, other than a Saturday or Sunday, (1) which is not a day on which banking institutions in The City of New York or London are authorized or required by law, regulation, or executive order to close and (2) on which the Trans-European Automated Real-Time Gross Settlement Express Transfer system (the TARGET2 system), or any successor thereto, is open.
Optional Redemption
We have the option to redeem the Fixed Rate Notes of any series, in whole at any time or in part from time to time, on at least 15 days but no more than 60 days prior written notice transmitted to the registered holders of the Fixed Rate Notes to be redeemed. With respect to the March 2025 Notes, the April 2027 Notes, the March 2028 Notes, the 2031 Notes, the 2032 Notes, the 2039 Notes, and the 2049 Notes, any notice may, at our discretion, be subject to the satisfaction or waiver of one or more conditions precedent. In such case, the notice shall state the nature of such condition precedent.
Prior to the applicable Par Call Date, upon redemption of the Fixed Rate Notes of any series, we will pay a redemption price equal to the greater of:
(1)100% of the principal amount of the Fixed Rate Notes to be redeemed, and
(2)the sum of the present values of the Remaining Scheduled Payments (as defined below) of the Fixed Rate Notes to be redeemed, discounted to the date of redemption on an annual basis (ACTUAL/ACTUAL (ICMA)) using a discount rate equal to the Comparable Bond Rate (as defined below) plus 19 basis points in the case of the April 2025 Notes, 20 basis points in the case of the 2024 Notes, the March 2025 Notes, the 2026 Notes, the March 2027 Notes, and the March 2028 Notes, 25 basis points in the case of the September 2028 Notes, the 2029 Notes, and the 2031 Notes, 30 basis points in the case of the 2037 Notes and the 2039 Notes, 35 basis points in the case of the 2049 Notes, 40 basis points in the case of the April 2027 Notes, and 45 basis points in the case of the 2032 Notes,
plus, in each case, accrued and unpaid interest thereon, if any, to, but excluding, the redemption date.
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Exhibit 4.17

On and after the applicable Par Call Date, upon redemption of the Fixed Rate Notes of any series, we will pay a redemption price equal to 100% of the principal amount of the Fixed Rate Notes to be redeemed, plus, in each case, accrued and unpaid interest thereon, if any, to, but excluding, the redemption date.
Notwithstanding the foregoing, installments of interest on the Fixed Rate Notes that are due and payable on an interest payment date falling on or prior to a redemption date will be payable on the interest payment date to the registered holders as of the close of business on the relevant record date in accordance with the Fixed Rate Notes and the applicable indenture.
If less than all of the March 2025 Notes, the April 2027 Notes, the March 2028 Notes, the 2031 Notes, the 2032 Notes, the 2039 Notes, or the 2049 Notes are to be redeemed, the Fixed Rate Notes of such series to be redeemed, shall be selected, in the case of global securities, in accordance with applicable depositary procedures and, in the case of definitive securities, in a manner the Trustee deems to be fair and appropriate, unless otherwise required by law or applicable stock exchange requirements. If less than all of the 2024 Notes, the April 2025 Notes, the 2026 Notes, the March 2027 Notes, the 2029 Notes, the September 2028 Notes, or the 2037 Notes are to be redeemed, the Fixed Rate Notes of such series to be redeemed shall be selected by the Trustee, in a manner that it deems fair and appropriate in accordance with applicable depositary procedures, unless otherwise required by law or applicable stock exchange requirements. Fixed Rate Notes may be redeemed in part in the minimum authorized denomination for Fixed Rate Notes or in any integral multiple of such amount. Unless we default in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the Fixed Rate Notes or portions thereof called for redemption.
“Comparable Bond Rate” means, for any redemption date, the rate per annum equal to the annual equivalent yield to maturity or interpolated yield to maturity (on a day count basis), computed as of the third business day immediately preceding that redemption date, of the Comparable Government Issue, assuming a price for the Comparable Government Issue (expressed as a percentage of its principal amount) equal to the Comparable Price for that redemption date.
“Comparable Government Issue” means the euro-denominated security issued by the German government selected by an Independent Investment Banker (as defined below) as having an actual or interpolated maturity comparable to the remaining term of the Fixed Rate Notes to be redeemed (assuming in the case of the 2024 Notes, the March 2025 Notes, the 2026 Notes, the March 2027 Notes, the April 2027 Notes, the March 2028 Notes, the September 2028 Notes, the 2029 Notes, the 2031 Notes, the 2032 Notes, the 2037 Notes, the 2039 Notes, or the 2049 Notes to be redeemed matured on their applicable Par Call Date) that would be utilized, 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 Fixed Rate Notes to be redeemed.
“Comparable Price” means, with respect to any redemption date, (a) the average of the Reference Dealer Quotations (as defined below) for such redemption date, after excluding the highest and lowest of the Reference Dealer Quotations, (b) if we obtain fewer than four Reference Dealer Quotations, the arithmetic average of those quotations, or (c) if we obtain only one Reference Dealer Quotation, such Reference Dealer Quotation.
“Independent Investment Banker” means
(a)with respect to the 2024 Notes, the April 2027 Notes, the September 2028 Notes, and the 2032 Notes, each Reference Dealer appointed by us as Independent Investment Banker (initially, J.P. Morgan Securities plc);
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Exhibit 4.17

(b)with respect to the March 2025 Notes, the March 2028 Notes, the 2031 Notes, the 2039 Notes, and the 2049 Notes, any Reference Dealer appointed by us as Independent Investment Banker (initially, Merrill Lynch International);
(c)with respect to the April 2025 Notes, each Reference Dealer appointed by us as Independent Investment Banker (initially, HSBC Bank plc, Deutsche Bank AG, London Branch and The Royal Bank of Scotland plc);
(d)with respect to the 2026 Notes, the 2029 Notes, and the 2037 Notes, each Reference Dealer appointed by us as Independent Investment Banker (initially, Goldman Sachs & Co. LLC); and
(e)with respect to the March 2027 Notes, each Reference Dealer appointed by us as Independent Investment Banker (initially, HSBC Bank plc).
“Par Call Date” means June 12, 2024 in the case of the 2024 Notes; January 15, 2025 in the case of the April 2025 Notes; February 1, 2025 in the case of the March 2025 Notes; November 23, 2025 in the case of the 2026 Notes; December 16, 2026 in the case of the March 2027 Notes; February 15, 2027 in the case of the April 2027 Notes; December 1, 2027 in the case of the March 2028 Notes; June 12, 2028 in the case of the September 2028 Notes; April 24, 2029 in the case of the 2029 Notes; July 1, 2031 in the case of the 2031 Notes; January 15, 2032 in the case of the 2032 Notes; April 24, 2037 in the case of the 2037 Notes; April 1, 2039 in the case of the 2039 Notes; and April 1, 2049, in the case of the 2049 Notes.
“Reference Dealer” means
(a)with respect to the 2024 Notes and the September 2028 Notes, each of (i) J.P. Morgan Securities plc, Barclays Bank PLC, Mizuho International plc, and Morgan Stanley & Co. International plc and their respective affiliates or successors and (ii) one other nationally recognized investment banking firm (or its respective affiliates) that is a broker or dealer of, and/or a market maker in, German government bonds (each, for purposes of this clause “a”, a “Primary Bond Dealer”) that we select in connection with the particular redemption, and their respective successors;
(b)with respect to the March 2025 Notes, the March 2028 Notes, the 2031 Notes, the 2039 Notes, and the 2049 Notes, each of (i) Merrill Lynch International, Goldman Sachs & Co. LLC, Citigroup Global Markets Limited, and J.P. Morgan Securities plc and their respective affiliates or successors and (ii) one other nationally recognized investment banking firm (or its affiliate) that is a broker or dealer of, and/or market maker in, German government bonds (each, for purposes of this clause “b”, a “Primary Bond Dealer”) that we select in connection with the particular redemption, and its successors;
(c)with respect to the April 2025 Notes, each of (i) HSBC Bank plc, Deutsche Bank AG, London Branch and The Royal Bank of Scotland plc, and their respective affiliates or successors and (ii) two other nationally recognized investment banking firms (or their respective affiliates) that are brokers or dealers of, and/or market makers in, German government bonds (each, for purposes of this clause “c”, a “Primary Bond Dealer”) that we select in connection with the particular redemption, and their respective successors;
(d)With respect to the 2026 Notes, the 2029 Notes, and the 2037 Notes, each of (i) Goldman Sachs & Co. LLC, Merrill Lynch International, Barclays Bank PLC, and HSBC Bank plc and their respective affiliates or successors and (ii) one other nationally recognized investment banking firm (or its affiliate) that is a broker or dealer of, and/or a market maker in, German government bonds (each, for purposes of this clause “d”, a “Primary Bond Dealer”) that we select in connection with the particular redemption, and its successors;
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Exhibit 4.17

(e)With respect to the March 2027 Notes, each of (i) Credit Suisse Securities (Europe) Limited and HSBC Bank plc and their respective affiliates or successors and (ii) three other nationally recognized investment banking firms (or their respective affiliates) that are brokers or dealers of, and/or market makers in, German government bonds (each, for purposes of this clause “e”, a “Primary Bond Dealer”) that we select in connection with the particular redemption, and their respective successors; and
(f)With respect to the April 2027 Notes and the 2032 Notes, each of (i) J.P. Morgan Securities plc, Morgan Stanley & Co. International plc, Merrill Lynch International, and Citigroup Global Markets Limited and their respective affiliates or successors and (ii) one other nationally recognized investment banking firm (or its affiliate) that is a broker or dealer of, and/or market maker in, German government bonds (each, for purposes of this clause “f”, a “Primary Bond Dealer”) that we select in connection with the particular redemption, and its successors;
provided, in each case, that if at any time any of the above is not a Primary Bond Dealer, we will substitute that entity with another nationally recognized investment banking firm that we select that is a Primary Bond Dealer.
“Reference Dealer Quotations” means, with respect to each Reference Dealer and any redemption date, the arithmetic average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Government Issue (expressed, in each case, as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Dealer at 11:00 a.m., London time, on the third business day preceding such redemption date.
“Remaining Scheduled Payments” means,
(a)with respect to each 2024 Note, March 2025 Note, 2026 Note, March 2027 Note, April 2027 Note, March 2028 Note, September 2028 Note, 2029 Note, 2031 Note, 2032 Note, 2037 Note, 2039 Note, and 2049 Note to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related redemption date but for such redemption (assuming that such notes to be redeemed matured on their applicable Par Call Date); and
(b)with respect to each April 2025 Note to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related redemption date for such redemption;
provided, however, that, if any such redemption date is not an interest payment date with respect to such note, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to such redemption date.
Redemption Upon Tax Event
We may redeem at our option any series of Fixed Rate Notes in whole, but not in part, on at least 15 days’ but not more than 60 days’ notice, at a redemption price equal to 100% of their principal amount (plus any accrued interest and additional amounts then payable with respect to the Fixed Rate Notes to be redeemed), if we determine that (A) as a result of any change or amendment to the laws, treaties, regulations or rulings of the United States or any political subdivision or taxing authority thereof, which change or amendment is announced or becomes effective on or after the date of the applicable prospectus supplement pursuant to which the Fixed Rate Notes of such series were issued, there is a material probability that we have or will become obligated to pay additional amounts as described under “Payment of Additional Amounts” on any Fixed Rate Notes of such 
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Exhibit 4.17

series or (B) on or after the date of the applicable prospectus supplement pursuant to which the Fixed Rate Notes of such series were issued, any change in the official application, enforcement or interpretation of those laws, treaties, regulations or rulings, including a holding by a court of competent jurisdiction in the United States or any other action, taken by any taxing authority or a court of competent jurisdiction in the United States, whether or not such action was taken or made with respect to us, results in a material probability that we have or will become obligated to pay additional amounts as described under “Payment of Additional Amounts” on any Fixed Rate Notes of such series; provided that we determine, in our business judgment, that the obligation to pay such additional amounts cannot be avoided by use of reasonable measures available to us, not including substitution of the obligor under the Fixed Rate Notes. Prior to the mailing of any notice of such a redemption, we will deliver to the Trustee (1) an officer’s certificate stating that we are entitled to effect such a redemption and setting forth a statement of facts showing that the conditions precedent to the right of our company to so redeem have occurred and (2) an opinion of counsel to that effect based on that statement of facts.
Payment of Additional Amounts
We will pay to a holder of Fixed Rate Notes who is not a United States person (as defined below) additional amounts as may be necessary so that every net payment of the principal of and premium, if any, and interest on such holder’s Fixed Rate Notes, after deduction or withholding for or on account of any present or future tax, assessment or other governmental charge imposed upon that holder by the United States or any taxing authority thereof or therein, will not be less than the amount provided in such holder’s Fixed Rate Notes to be then due and payable. We will not be required, however, to make any payment of additional amounts for or on account of:
(a)any tax, assessment or other governmental charge that would not have been imposed but for (1) the existence of any present or former connection (other than a connection arising solely from the ownership of those Fixed Rate Notes or the receipt of payments in respect of those Fixed Rate Notes) between that holder (or the beneficial owner for whose benefit such holder holds such Fixed Rate Notes), or between a fiduciary, settlor, beneficiary of, member or shareholder of, or possessor of a power over, that holder or beneficial owner, if that holder or beneficial owner is an estate, trust, partnership or corporation, and the United States, including that holder or beneficial owner, or that fiduciary, settlor, beneficiary, member, shareholder or possessor, being or having been a citizen or resident or treated as a resident of the United States or being or having been engaged in trade or business or present in the United States or having had a permanent establishment in the United States or (2) the presentation of a debt security for payment on a date more than 30 days after the later of the date on which that payment becomes due and payable and the date on which payment is duly provided for;
(b)any estate, inheritance, gift, sales, transfer, excise, personal property, wealth, capital gains, interest equalization or similar tax, assessment or other governmental charge;
(c)any tax, assessment, or other governmental charge imposed on foreign personal holding company income or by reason of a holder (or the beneficial owner for whose benefit such holder holds such Fixed Rate Notes), or a fiduciary, settlor, beneficiary of, member or shareholder of, or possessor of a power over, the holder or beneficial owner, if that holder or beneficial owner is an estate, trust, partnership, or corporation, being or having been a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization, or a personal holding company with respect to the United States or a corporation that accumulates earnings to avoid U.S. federal income tax;
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Exhibit 4.17

(d)any tax, assessment or other governmental charge which is payable otherwise than by withholding from payment of principal of or premium, if any, or interest on such holder’s Fixed Rate Notes;
(e)any tax, assessment, or other governmental charge required to be withheld by any paying agent from any payment of principal of and premium, if any, or interest on any note if that payment can be made without withholding by any other paying agent;
(f)any tax, assessment, or other governmental charge which would not have been imposed but for the failure of a holder (or the beneficial owner for whose benefit such holder holds the Fixed Rate Notes), or a fiduciary, settlor, beneficiary of, member or shareholder of, or possessor of power over, the holder or beneficial owner, if that holder or beneficial owner is an estate, trust, partnership or corporation, or any intermediary through which a beneficial owner holds Fixed Rate Notes to comply with our request to comply with certification, information, documentation or other reporting requirements concerning the nationality, residence, identity, or connections with the United States of the beneficial owner or any holder of the Fixed Rate Notes (including, but not limited to, the requirement to provide Internal Revenue Service Forms W-8BEN, Forms W-8BEN-E, Forms W-8ECI, or any subsequent versions thereof or successor thereto, and including, without limitation, any documentation requirement under an applicable income tax treaty);
(g)any tax, assessment, or other governmental charge imposed as a result of a holder (or the beneficial owner for whose benefit such holder holds such Fixed Rate Notes), or a fiduciary, settlor, beneficiary of, member or shareholder of, or possessor of a power over, the holder or beneficial owner, if that holder or beneficial owner is an estate, trust, partnership or corporation, being or having been (1) a 10% shareholder (as defined in Section 871(h)(3)(B) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), and the regulations that may be promulgated thereunder) of our company or (2) a controlled foreign corporation that is related to us within the meaning of Section 864(d)(4) of the Code, or (3) a bank receiving interest described in Section 881(c)(3)(A) of the Code;
(h)any tax, assessment, or other governmental charge that would not have been imposed but for a change in law, regulation, or administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later;
(i)any taxes payable under Sections 1471 through 1474 of the Code (or any amended or successor version of such Sections), any current or future regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith;
(j)any combination of items (a), (b), (c), (d), (e), (f), (g), (h), and (i); or
(k)with respect to the April 2025 Notes, any withholding or deduction that is imposed on a payment to an individual and is required to be made pursuant to European Council Directive 2003/48/EC relating to the taxation of savings or any law implementing or complying with, or introduced in order to conform to, such Directive (or any successor version that is substantively comparable) or any combination of items (a), (b), (c), (d), (e), (f), (g), (h), (i), and this item (k);
nor will we pay any additional amounts to any holder that is not the sole beneficial owner of the Fixed Rate Notes, or a portion of the Fixed Rate Notes, or that is a fiduciary, partnership, or limited liability company to the extent that a beneficial owner with respect to the holder, a beneficiary, or settlor with respect to the fiduciary or a member of that partnership, limited liability company, or a beneficial owner thereof would not have been entitled to the payment of those additional amounts had that beneficiary, settlor, member, or beneficial owner received directly its beneficial or distributive share of the payment.
As used in the preceding paragraph, the term “United States person” means any individual who is a citizen or resident of the United States for U.S. federal income tax purposes, a corporation, partnership, or other entity 
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Exhibit 4.17

created or organized in or under the laws of the United States, any state of the United States, or the District of Columbia (other than a partnership that is not treated as a United States person under any applicable Treasury Regulations), or any estate or trust the income of which is subject to United States federal income taxation regardless of its source. As used under this heading “Payment of Additional Amounts” and under the heading “Redemption Upon Tax Event”, the term “United States” means the United States of America, the states of the United States, and the District of Columbia.
The Fixed Rate Notes are subject in all cases to any tax, fiscal, or other law or regulation or administrative or judicial interpretation applicable to the Fixed Rate Notes. Except as specifically provided under this heading “Payment of Additional Amounts,” we will not be required to make any payment for any tax, assessment, or other governmental charge imposed by any government or a political subdivision or taxing authority of or in any government or political subdivision.
Repurchase Upon a Change of Control
If a Change of Control Triggering Event occurs with respect to any series of Fixed Rate Notes, unless the Issuer has redeemed such series of Fixed Rate Notes in full, as described above, has defeased such series of Fixed Rate Notes, or has satisfied and discharged such series of Fixed Rate Notes as described below, the Issuer will make an offer to each holder of the applicable series of Fixed Rate Notes (the “Change of Control Offer”) to repurchase any and all of such holder’s Fixed Rate Notes of such series at a repurchase price in cash equal to 101% of the aggregate principal amount of such Fixed Rate Notes (such principal amount to be equal to €100,000 or an integral multiple of €1,000 in excess thereof), plus accrued and unpaid interest, if any, thereon, to, but excluding, the date of repurchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event, notice shall be delivered to holders of Fixed Rate Notes of such series describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase such Fixed Rate Notes on the date specified in the notice, which date will be no earlier than 15 days and no later than 60 days from the date such notice is delivered (the “Change of Control Payment Date”), pursuant to the procedures required by the Fixed Rate Notes and described in such notice. Notwithstanding the foregoing, installments of interest on any series of Fixed Rate Notes that are due and payable on interest payment dates falling on or prior to the Change of Control Payment Date will be payable on such interest payment dates to the registered holders as of the close of business on the relevant record dates in accordance with such series of Fixed Rate Notes and the applicable indenture. The Issuer must comply in all material respects with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Fixed Rate Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control repurchase provisions of the Fixed Rate Notes, the Issuer will be required to comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control repurchase provisions of the Fixed Rate Notes by virtue of such conflicts.
On the Change of Control Payment Date, the Issuer will be required, to the extent lawful, to:

•accept for payment all Fixed Rate Notes or portions of Fixed Rate Notes of the applicable series properly tendered pursuant to the Change of Control Offer;
•deposit with the Trustee or a paying agent an amount equal to the Change of Control Payment in respect of all Fixed Rate Notes or portions of Fixed Rate Notes of the applicable series properly tendered; and
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Exhibit 4.17

•deliver or cause to be delivered to the Trustee the Fixed Rate Notes properly accepted, together with an officer’s certificate stating the principal amount of Fixed Rate Notes or portions of Fixed Rate Notes of such series being repurchased.
“Below Investment Grade Rating Event” means, with respect to a series of Fixed Rate Notes, such Fixed Rate Notes are downgraded below Investment Grade Rating (as defined below) by any two of the Rating Agencies (as defined below) on any date during the period (the “Trigger Period”) commencing 60 days prior to the first public announcement by Thermo Fisher of the occurrence of a Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which Trigger Period shall be extended so long as the rating of such Fixed Rate Notes is under publicly announced consideration for possible downgrade by at least two of such Rating Agencies on such 60th day, such extension to last with respect to each such Rating Agency until the date on which such Rating Agency considering such possible downgrade either (x) rates such Fixed Rate Notes below Investment Grade or (y) publicly announces that it is no longer considering such Fixed Rate Notes for possible downgrade, provided that no such extension will occur if on such 60th day such Fixed Rate Notes are rated Investment Grade by at least two of such Rating Agencies in question and are not subject to review for possible downgrade by such Rating Agencies).
“Change of Control” means the occurrence of any of the following:
(1)the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of Thermo Fisher and its subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than Thermo Fisher or one of its direct or indirect wholly-owned subsidiaries;
(2)the consummation of any transaction (including, without limitation, any merger or consolidation) as a result of which any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of Thermo Fisher’s outstanding voting stock or other voting stock into which Thermo Fisher’s voting stock is reclassified, consolidated, exchanged, or changed, measured by voting power rather than number of shares;
(3)Thermo Fisher consolidates with, or merges with or into, any “person” or “group” (as that term is used in Section 13(d)(3) of the Exchange Act), or any “person” or “group” consolidates with, or merges with or into, Thermo Fisher, in any such event pursuant to a transaction in which any of Thermo Fisher’s voting stock or the voting stock of such other person is converted into or exchanged for cash, securities, or other property, other than any such transaction where the shares of Thermo Fisher’s voting stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the voting stock of the surviving person or any direct or indirect parent company of the surviving person immediately after giving effect to such transaction;
(4)with respect to the April 2025 Notes, the first day on which a majority of the members of Thermo Fisher’s board of directors are not Continuing Directors (as defined below); or
(5)the adoption of a plan relating to Thermo Fisher’s liquidation or dissolution.
Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control if (a) Thermo Fisher becomes a direct or indirect wholly-owned subsidiary of a holding company (which shall include a parent company) and (b)(i) the holders of the voting stock of such holding company immediately following that transaction are substantially the same as the holders of Thermo Fisher’s voting stock immediately prior to that transaction or (ii) no “person” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than a 
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Exhibit 4.17

holding company satisfying the requirements of this sentence) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the voting power of the voting stock of such holding company immediately following such transaction.
For purposes of this definition, “voting stock” means with respect to any specified person (as that term is used in Section 13(d)(3) of the Exchange Act) capital stock of any class or kind the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right to vote has been suspended by the happening of such a contingency.
The definition of Change of Control includes a phrase relating to the direct or indirect sale, lease, transfer, conveyance, or other disposition of “all or substantially all” of the properties or assets of Thermo Fisher and its subsidiaries taken as a whole. Although there is a limited body of case law interpreting the phrase “substantially all,” there is no precise established definition of the phrase under applicable law. Accordingly, the applicability of the requirement that Thermo Fisher offer to repurchase the Fixed Rate Notes as a result of a sale, lease, transfer, conveyance, or other disposition of less than all of the assets of Thermo Fisher and its subsidiaries taken as a whole to another person or group may be uncertain.
“Change of Control Triggering Event” means, with respect to any series of Fixed Rate Notes, the occurrence of both a Change of Control and a Below Investment Grade Rating Event.
“Continuing Directors” means, as of any date of determination, any member of the board of directors of Thermo Fisher who (1) was a member of the board of directors of Thermo Fisher on the date of the issuance of the April 2025 Notes; or (2) was nominated for election or elected to the board of directors of Thermo Fisher with the approval of a majority of the Continuing Directors who were members of such board of directors of Thermo Fisher at the time of such nomination or election (either by specific vote or by approval of Thermo Fisher’s proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination).
“Fitch” means Fitch Ratings Limited, and any successor to its rating agency business.
“Investment Grade Rating” means a rating by Moody’s equal to or higher than Baa3 (or the equivalent under a successor rating category of Moody’s) or a rating by S&P equal to or higher than BBB- (or the equivalent under any successor rating category of S&P) or a rating by Fitch equal to or higher than BBB- (or the equivalent under any successor rating category of Fitch).
“Moody’s” means Moody’s Investors Service, Inc., and any successor to its rating agency business.
“Rating Agencies” means (1) Moody’s, S&P and Fitch; and (2) if any of Moody’s, S&P or Fitch ceases to rate the applicable series of Fixed Rate Notes or fails to make a rating of such Fixed Rate Notes publicly available for any reason, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act, selected by Thermo Fisher (as certified by a resolution of its board of directors) as a replacement agency for any of Moody’s, S&P or Fitch, or all of them, as the case may be.
“S&P” means S&P Global Ratings, a division of S&P Global, Inc., and any successor to its rating agency business.
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Exhibit 4.17

Certain Covenants
Limitations on Liens. The Issuer will not, and will not permit any of its subsidiaries to, create, incur, assume, or otherwise cause to become effective any Lien (as defined below) (other than permitted Liens) on any Principal Property (as defined below) or upon shares of stock of any Principal Subsidiary (as defined below) (whether such Principal Property or shares are now existing or owned or hereafter created or acquired), to secure any indebtedness of the Issuer, any of its subsidiaries or any indebtedness of any other Person (as defined below), unless the Issuer or such subsidiary also secures all payments due under the Fixed Rate Notes and all senior debt securities of any series having the benefit of this covenant (together with, if the Issuer shall so determine, any other indebtedness of the Issuer or any subsidiary of the Issuer then existing or thereafter created ranking equally with the Fixed Rate Notes), on an equal and ratable basis with such other indebtedness so secured (or, in the case of indebtedness subordinated to the Fixed Rate Notes, prior or senior thereto, with the same relative priority as the Fixed Rate Notes will have with respect to such subordinated indebtedness) for so long as such other indebtedness shall be so secured. The indentures contain the following exceptions to the foregoing prohibition:
(a)Liens existing on the date when the Issuer first issued the applicable series of Fixed Rate Notes pursuant to the applicable indenture;
(b)Liens on property owned or leased by a Person existing at the time such Person is merged with or into or consolidated with the Issuer or any subsidiary of the Issuer or the Issuer or one or more of its subsidiaries acquires directly or indirectly all or substantially all of the stock or assets of such Person; provided that such Liens were in existence prior to the contemplation of such merger, consolidation or acquisition and do not extend to any assets other than those of the Person merged into, consolidated with, or acquired by the Issuer or such subsidiary;
(c)Liens on property existing at the time of acquisition thereof by the Issuer or any subsidiary of the Issuer, provided that such Liens were in existence prior to the contemplation of such acquisition and do not extend to any property other than the property so acquired by the Issuer or such subsidiary;
(d)Liens to secure indebtedness incurred prior to, at the time of or within 18 months after the later of the acquisition of any property and the completion of the construction, alteration, repair, or improvement of any property, as the case may be, for the purpose of financing all or a part of the purchase price thereof or cost of the construction, alteration, repair, or improvement thereof and Liens to the extent they secure indebtedness in excess of such purchase price or cost and for the payment of which recourse may be had only against such property;
(e)Liens in favor of the United States or any state, territory, or possession thereof (or the District of Columbia), or any department, agency, instrumentality, or political subdivision of the United States or any state, territory, or possession thereof (or the District of Columbia), to secure partial, progress, advance or other payments pursuant to any contract or statute or to secure any indebtedness incurred for the purpose of financing all or any part of the purchase price or the cost of constructing or improving the property subject to such Liens;
(f)any Lien securing indebtedness of a subsidiary owing to the Issuer or to one or more of its subsidiaries;
(g)Liens incurred or assumed in connection with the issuance of revenue bonds the interest on which is exempt from federal taxation pursuant to Section 103 of the Code;
(h)Liens created, incurred or assumed in connection with an industrial revenue bond, pollution control bond, or similar financing between the Issuer or any subsidiary of the Issuer and any federal, state, or municipal government or other government body or quasi-governmental agency;
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Exhibit 4.17

(i)any extension, renewal, or replacement (or successive extensions, renewals, or replacements) in whole or in part of any Lien referred to in clauses (a) through (h) above, inclusive, so long as (1) the principal amount of the indebtedness secured thereby does not exceed the principal amount of indebtedness so secured at the time of the extension, renewal, or replacement (except that, where an additional principal amount of indebtedness is incurred to provide funds for the completion of a specific project, the additional principal amount, and any related financing costs, may be secured by the Lien as well) and (2) the Lien is limited to the same property subject to the Lien so extended, renewed or replaced (and improvements on the property); and
(j)any Lien on a Principal Property or the shares of stock of a Principal Subsidiary that would not otherwise be permitted by clauses (a) through (i) above, inclusive, securing indebtedness which, together with:
•the aggregate outstanding principal amount of all other indebtedness of the Issuer and its subsidiaries secured by Liens on a Principal Property or the shares of stock of a Principal Subsidiary that is permitted solely pursuant to this clause (j), and
•the aggregate Value (as defined below) of existing Sale and Leaseback Transactions (as defined below) that are permitted solely pursuant to clause (c) of “Limitation on Sale and Leaseback Transactions” and are still in existence, does not exceed 10% of Consolidated Net Assets (as defined below).
Limitation on Sale and Leaseback Transactions. The Issuer will not, and will not permit any of its subsidiaries to, enter into any Sale and Leaseback Transaction with respect to any Principal Property unless:
(a)the Issuer or such subsidiary could incur indebtedness, in a principal amount at least equal to the Value of such Sale and Leaseback Transaction, secured by a Lien on the Principal Property to be leased (without equally and ratably securing debt securities of any series having the benefit of this covenant) pursuant to clauses (a) through (i) under “Limitations on Liens” above;
(b)the Issuer applies, during the six months following the effective date of the Sale and Leaseback Transaction, an amount equal to the Value of the Sale and Leaseback Transaction to either (or a combination of) the voluntary retirement of Funded Debt (as defined below) or to the acquisition of property; or
(c)the aggregate Value of such Sale and Leaseback Transaction plus the Value of all other Sale and Leaseback Transactions of Principal Properties entered into after the date of the issuance of the Fixed Rate Notes permitted solely by this clause (c) and still in existence, plus the aggregate amount of all indebtedness secured by Liens permitted solely by clause (j) of “Limitations on Liens” does not exceed 10% of Consolidated Net Assets.
Certain Other Covenants. The indentures contain certain other covenants regarding, among other matters, corporate existence and reports to holders of Fixed Rate Notes. The Fixed Rate Notes do not contain any additional financial or restrictive covenants, including covenants relating to total indebtedness, interest coverage, stock repurchases, recapitalizations, dividends and distributions to shareholders or current ratios. The provisions of the indentures do not afford holders of Fixed Rate Notes issued thereunder protection in the event of a sudden or significant decline in the Issuer’s credit quality or in the event of a takeover, recapitalization or highly leveraged or similar transaction involving the Issuer or any of its affiliates that may adversely affect such holders.
Consolidation, Merger and Sale of Assets. The Issuer will not consolidate with, merge with or into, or sell, convey, transfer, lease or otherwise dispose of all or substantially all of its and its subsidiaries property and 
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Exhibit 4.17

assets taken as a whole (in one transaction or a series of related transactions) to any Person, or permit any Person to merge with or into the Issuer, unless:
•the Issuer shall be the continuing Person, or the Person (if other than the Issuer) formed by such consolidation or into which the Issuer is merged or that acquired or leased such property and assets (the “Surviving Person”), shall be a Person organized and validly existing under the laws of the United States of America or any jurisdiction thereof, or, subject to certain conditions (including an obligation to pay additional amounts in respect of withholding taxes), a jurisdiction outside the United States, and shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all of the Issuer’s obligations under each applicable indenture and the Fixed Rate Notes;
•immediately after giving effect to such transaction, no default or event of default (each as defined in each applicable indenture) shall have occurred and be continuing; and
•the Issuer delivers to the Trustee an officer’s certificate and opinion of counsel, in each case stating that such consolidation, merger, or transfer and such supplemental indenture complies with this provision and that all conditions precedent provided for herein relating to such transaction have been complied with.
The Surviving Person will succeed to, and be substituted for, the Issuer under each applicable indenture and the Fixed Rate Notes and, except in the case of a lease, the Issuer shall be released of all obligations under the indenture and the Fixed Rate Notes.
Definition of Certain Terms. The following are the meanings of terms that are important in understanding the covenants described above with respect to the Fixed Rate Notes.
“Capital Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at that time be required to be capitalized on a balance sheet in accordance with U.S. GAAP (as defined below) as in effect on the date of the applicable indenture.
“Consolidated Net Assets” means the consolidated total assets of the Issuer and its subsidiaries as reflected in its most recent balance sheet prepared in accordance with U.S. GAAP as in effect at the time of such determination, less (a) all current liabilities (excluding any notes and loans payable, current maturities of long-term debt, the current portion of deferred revenue and obligations under capital leases) and (b) acquisition-related intangible assets in accordance with U.S. GAAP in effect at the time of such determination. Consolidated Net Assets includes goodwill of the Issuer and its subsidiaries.
“Funded Debt” means, as of any date of determination, the Issuer’s indebtedness or the indebtedness of a subsidiary maturing by its terms more than one year after its creation and indebtedness classified as long-term debt under U.S. GAAP as in effect on the date of the applicable indenture, and in each case ranking at least pari passu with the senior debt securities.
“indebtedness” means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent:
(1)in respect of borrowed money;
(2)evidenced by bonds, notes, debentures, or similar instruments or letters of credit (or reimbursement agreements in respect thereof); and
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Exhibit 4.17

(3)in respect of Capital Lease Obligations.
In addition, the term “indebtedness” includes (x) all indebtedness (as defined above) of others secured by a Lien on any asset of the specified Person (whether or not such indebtedness is assumed by the specified Person), provided that the amount of such indebtedness will be the lesser of (A) the fair market value of such asset at such date of determination and (B) the amount of such indebtedness, and (y) to the extent not otherwise included, the guarantee by the specified Person of any indebtedness (as defined above) of any other Person.
“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest, or encumbrance of any kind in respect of such asset, whether or not filed, recorded, or otherwise perfected under applicable law, including any conditional sale or other title retention agreement.
“Original Issue Discount Security” means any debt security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of maturity thereof pursuant to the applicable indenture.
“Person” means any individual, corporation, partnership, limited liability company, joint venture, joint-stock company, association, trust, unincorporated organization, or government or any agency or political subdivision of a government or governmental agency.
“Principal Property” means any single parcel of real property or any permanent improvement thereon (i) owned by the Issuer or any of its subsidiaries located in the United States, including the Issuer’s principal corporate office, any manufacturing facility or plant, or any portion thereof and (ii) having a book value, as of the date of determination, in excess of 3% the Issuer’s Consolidated Net Assets, as calculated most recently prior to the applicable issue due of the applicable series of Fixed Rate Notes. Principal Property does not include any property that the Issuer’s board of directors has determined not to be of material importance to the business conducted by the Issuer and its subsidiaries, taken as a whole.
“Principal Subsidiary” means any direct or indirect subsidiary of the Issuer that owns a Principal Property.
“Sale and Leaseback Transaction” means any arrangement with any Person providing for the leasing by the Issuer or any subsidiary of any Principal Property which has been or is to be sold or transferred by the Issuer or such subsidiary to such Person, excluding (1) temporary leases for a term, including renewals at the option of the lessee, of not more than three years, (2) leases between the Issuer and a subsidiary or between subsidiaries of the Issuer, (3) leases of a Principal Property executed by the time of, or within 12 months after the latest of, the acquisition, the completion of construction or improvement, or the commencement of commercial operation of the property, and (4) arrangements pursuant to any provision of law with an effect similar to the former Section 168(f)(8) of the Internal Revenue Code of 1954, as amended.
“U.S. GAAP” means generally accepted accounting principles set forth in the FASB Accounting Standards Codification or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect from time to time.
“Value” means, with respect to a Sale and Leaseback Transaction, an amount equal to the net present value of the lease payments (other than amounts required to be paid on account of property taxes, maintenance, repairs, insurance, water rates and other items that do not constitute payments for property rights) with respect to the term of the lease remaining on the date as of which the amount is being determined, without regard to any renewal or extension options contained in the lease, discounted at the weighted average interest rate on the debt 
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Exhibit 4.17

securities of all series (including the yield to maturity on any Original Issue Discount Securities) which are outstanding on the effective date of such Sale and Leaseback Transaction.
Events of Default
Each indenture defines an Event of Default with respect to any series of Fixed Rate Notes issued pursuant to the applicable indenture. Events of Default on the Fixed Rate Notes are any of the following:
•Default in the payment of the principal or any premium on Fixed Rate Notes when due (whether at maturity, upon acceleration, redemption or otherwise);
•Default for 30 days in the payment of interest on Fixed Rate Notes when due;
•Failure to comply with the provisions described under the caption “—Repurchase Upon a Change of Control” with respect to any series of Fixed Rate Notes.
•Failure by Thermo Fisher to observe or perform any other term of the applicable indenture for a period of 90 days after it receives a notice of default stating that it is in breach. The notice must be sent by either the Trustee or holders of 25% of the principal amount of the Fixed Rate Notes of the affected series;
•(1) Failure by Thermo Fisher to pay indebtedness for money it borrowed or guaranteed the payment of in an aggregate principal amount of at least $100 million, in the case of the 2024 Notes, the April 2025 Notes, the 2026 Notes, the March 2027 Notes, the September 2028 Notes, the 2029 Notes, or the 2037 Notes, or $150 million, in the case of the March 2025 Notes, the April 2027 Notes, the March 2028 Notes, the 2031 Notes, the 2032 Notes, the 2039 Notes, or the 2049 Notes, at the later of final maturity and the expiration of any related applicable grace period and such defaulted payment shall not have been made, waived or extended within 30 days or (2) acceleration of the maturity of any indebtedness for money that the Issuer borrowed or guaranteed the payment of in an aggregate principal amount of at least $100 million, in the case of the 2024 Notes, the April 2025 Notes, the 2026 Notes, the March 2027 Notes, the September 2028 Notes, the 2029 Notes, or the 2037 Notes, or $150 million, in the case of the March 2025 Notes, the April 2027 Notes, the March 2028 Notes, the 2031 Notes, the 2032 Notes, the 2039 Notes, or the 2049 Notes, if such indebtedness has not been discharged in full or such acceleration has not been rescinded or annulled within 30 days; provided, however, that, if the default under the instrument is cured by the Issuer, or waived by the holders of the indebtedness, in each case as permitted by the governing instrument, then the Event of Default under the applicable indenture governing the Fixed Rate Notes caused by such default will be deemed likewise to be cured or waived; and
•Certain events in bankruptcy, insolvency or reorganization with respect to Thermo Fisher.
Each indenture provides that the Trustee may withhold notice to the holders of any series of debt securities issued thereunder of any default if the Trustee’s board of directors, executive committee, or a trust committee of directors or trustees and/or certain officers of the Trustee in good faith determine it in the interest of such holders to do so.
Remedies if an Event of Default Occurs. Each indenture provides that if an Event of Default has occurred with respect to the applicable series of Fixed Rate Notes and has not been cured, the Trustee or the holders of not less than 25% in principal amount of the Fixed Rate Notes of that series then outstanding may declare the entire 
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Exhibit 4.17

principal amount of all the Fixed Rate Notes of that series, and accrued interest, if any, to be due and immediately payable. This is called a declaration of acceleration of maturity. If an Event of Default occurs because of certain events in bankruptcy, insolvency, or reorganization with respect to the Issuer, the principal amount of all the Fixed Rate Notes will be automatically accelerated, without any action by the Trustee or any holder. The holders of a majority in aggregate principal amount of the Fixed Rate Notes of the affected series may by written notice to the Issuer and the Trustee, on behalf of the holders of the Fixed Rate Notes of the affected series, rescind an acceleration or waive any existing Default or Event of Default and its consequences under the applicable indenture, if the rescission would not conflict with any judgment or decree, except a continuing Default or Event of Default in the payment of principal of, premium on, if any, or interest, if any, on, such Fixed Rate Notes.
Except as may otherwise be provided in the applicable indenture in cases of default, where the Trustee has some special duties, the Trustee is not required to take any action under such indenture at the request of any holders unless the holders offer the Trustee protection from expenses and liability (called an “indemnity”). If indemnity satisfactory to the Trustee is provided, the holders of a majority in principal amount of the outstanding Fixed Rate Notes of the affected series may direct the time, method and place of conducting any lawsuit or other formal legal action seeking any remedy available to the Trustee. Subject to certain exceptions contained in the applicable indenture, these majority holders may also direct the Trustee in performing any other action under the applicable indenture.
Before a holder of Fixed Rate Notes bypasses the Trustee and brings its own lawsuit or other formal legal action or takes other steps to enforce its rights or protect its interests relating to the applicable series of Fixed Rate Notes, the following must occur:
•The holder must give the Trustee written notice that an Event of Default has occurred and remains uncured.
•The holders of 25% in principal amount of all outstanding Fixed Rate Notes of the affected series must make a written request that the Trustee take action because of the Event of Default and must offer reasonable indemnity to the Trustee against the cost and other liabilities of taking that action.
•The Trustee must have failed to take action for 60 days after receipt of the above notice and offer of indemnity and, during such 60-day period, the Trustee has not received a contrary instruction from holders of a majority in principal amount of all outstanding Fixed Rate Notes of such series.
However, a holder of Fixed Rate Notes is entitled at any time to bring a lawsuit for the payment of money due on its Fixed Rate Notes on or after the due date of that payment.
The Issuer will furnish to the Trustee every year a written statement of one to two of its officers certifying that to their knowledge the Issuer is in compliance with the applicable indenture and the Fixed Rate Notes, or else specifying any default.
Satisfaction and Discharge
The applicable indenture will cease to be of further effect with respect to a series of Fixed Rate Notes and the Trustee, upon the Issuer’s demand and at its expense, will execute appropriate instruments acknowledging the satisfaction and discharge of the applicable indenture upon compliance with certain conditions, including:
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Exhibit 4.17

•the Issuer having paid all sums payable by it under such indenture, as and when the same shall be due and payable;
•the Issuer having delivered to the Trustee for cancellation all Fixed Rate Notes theretofore authenticated under such indenture;
•all Fixed Rate Notes of any series outstanding under such indenture not theretofore delivered to the Trustee for cancellation shall have become due and payable or are by their terms to become due and payable within one year and the Issuer shall have deposited with the Trustee sufficient cash or U.S. government or U.S. government agency notes or bonds that will generate enough cash to pay, at maturity or upon redemption, all such Fixed Rate Notes of any series outstanding under such indenture; or
•the Issuer having delivered to the Trustee an officer’s certificate and an opinion of counsel, each stating that these conditions have been satisfied
Defeasance
Full Defeasance. The Issuer can legally release itself from any payment or other obligations on the Fixed Rate Notes of any series (called “full defeasance”) if the following conditions are met:
•The Issuer deposits in trust for the benefit of holders of Fixed Rate Notes of the same series a combination of money and U.S. government or U.S. government agency notes or bonds that will generate enough cash to make interest, principal, any premium and any other payments on the Fixed Rate Notes of that series on their various due dates.
•There is a change in current U.S. federal tax law or an Internal Revenue Service ruling that lets the Issuer make the above deposit without causing holders of Fixed Rate Notes to be taxed on the Fixed Rate Notes any differently than if the Issuer did not make the deposit and instead repaid the Fixed Rate Notes itself when due. Under current U.S. federal tax law, the deposit and the Issuer’s legal release from the Fixed Rate Notes would be treated as though the Issuer took back a holder’s Fixed Rate Notes and gave such holder its share of the cash and debt securities or bonds deposited in trust. In that event, a holder of Fixed Rate Notes could recognize gain or loss on the Fixed Rate Notes it give back to the Issuer.
•The Issuer delivers to the Trustee a legal opinion of its counsel confirming the tax law change or ruling described above.
If the Issuer ever did accomplish full defeasance, as described above, a holder of Fixed Rate Notes would have to rely solely on the trust deposit for repayment of the Fixed Rate Notes. Such holders could not look to the Issuer for repayment in the event of any shortfall.
However, even if the Issuer makes the deposit in trust and opinion delivery arrangements discussed above, a number of its obligations relating to the Fixed Rate Notes will remain. These include the Issuer’s obligations:
•to register the transfer and exchange of Fixed Rate Notes;
•to replace mutilated, destroyed, lost or stolen Fixed Rate Notes;
•to maintain paying agencies; and
•to hold money for payment in trust.
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Exhibit 4.17

Covenant Defeasance. Without any change of current U.S. federal tax law, the Issuer can make the same type of deposit described above and be released from some of the covenants on the Fixed Rate Notes of any series. This is called “covenant defeasance.” In that event, holders of Fixed Rate Notes would lose the protection of those covenants but would gain the protection of having money and securities set aside in trust to repay the Fixed Rate Notes. In order to achieve covenant defeasance, the Issuer must do the following:
•The Issuer must deposit in trust for the benefit of holders of Fixed Rate Notes of the same series a combination of money and U.S. government or U.S. government agency notes or bonds that will generate enough cash to make interest, principal, any premium and any other payments on the Fixed Rate Notes of that series on their various due dates.
•The Issuer must deliver to the Trustee a legal opinion of its counsel confirming that under current U.S. federal income tax law the Issuer may make the above deposit without causing holders of such series of Fixed Rate Notes to be taxed on the Fixed Rate Notes any differently than if it did not make the deposit and instead repaid the Fixed Rate Notes itself when due.
If the Issuer accomplishes covenant defeasance, a holder of such Fixed Rate Notes can still look to it for repayment of the Fixed Rate Notes if there were a shortfall in the trust deposit. In fact, if one of the Events of Default occurred (such as the Issuer’s bankruptcy) and the Fixed Rate Notes become immediately due and payable, there may be such a shortfall. Depending on the event causing the default, a holder of such Fixed Rate Notes may not be able to obtain payment of the shortfall.
Modification and Waiver
There are three types of changes the Issuer can make to the indentures and the Fixed Rate Notes.
Changes Requiring Approval of the Holder. First, there are changes that cannot be made to a series of Fixed Rate Notes without specific approval of each holder of Fixed Rate Notes of such series. The following is a list of those types of changes:
•change the stated maturity of the principal or interest on Fixed Rate Notes of any series;
•reduce any amounts due on any Fixed Rate Notes of such series;
•reduce the amount of principal payable upon acceleration of the maturity of the Fixed Rate Notes following an Event of Default;
•change the place or currency of payment for such series of Fixed Rate Notes;
•impair the holder’s right to sue for the enforcement of any payment on or with respect to the Fixed Rate Notes;
•reduce the percentage in principal amount of the Fixed Rate Notes, the approval of whose holders is needed to modify or amend the applicable indenture or the Fixed Rate Notes;
•reduce the percentage in principal amount of the Fixed Rate Notes, the approval of whose holders is needed to waive compliance with certain provisions of the applicable indenture or to waive certain defaults; and
•modify any other aspect of the provisions dealing with modification and waiver of the applicable indenture, except to increase the percentage required for any modification or to provide that other provisions of such indenture may not be modified or waived without consent of the holder of each Fixed Rate Note of such series affected by the modification.
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Exhibit 4.17

Changes Not Requiring Approval. The second type of change does not require any vote by holders of the Fixed Rate Notes. The following is a list of those types of changes:
•cure any ambiguity, defect, or inconsistency;
•evidence the succession of another entity to the Issuer’s obligations under the indentures;
•provide for uncertificated Fixed Rate Notes in addition to or in place of certificated Fixed Rate Notes;
•add to the covenants for the benefit of holders of outstanding Fixed Rate Notes or to surrender any right or power the Issuer has under the applicable indenture;
•add additional events of default;
•secure Fixed Rate Notes of any series;
•make any change that does not adversely affect the rights of any holder of Fixed Rate Notes in any material respect;
•issue additional Fixed Rate Notes of any series;
•evidence and provide for a successor Trustee and add to or change the provisions of an indenture to provide for or facilitate the administration of the trusts under the applicable indenture; or
•comply with requirements of the SEC in order to effect or maintain the qualification of the applicable indenture under the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”).
Changes Requiring a Majority Vote. Any other change to an indenture and the Fixed Rate Notes would require the following approval:
•If the change affects only Fixed Rate Notes of one series, it must be approved by the holders of a majority in principal amount of the Fixed Rate Notes of that series.
•If the change affects a series of Fixed Rate Notes as well as the senior debt securities of one or more other series issued under the indentures, it must be approved by the holders of a majority in principal amount of the Fixed Rate Notes of such series and each other series of senior debt securities affected by the change.
•In each case, the required approval must be given by written consent.
The same vote would be required for the Issuer to obtain a waiver of a past default. However, the Issuer cannot obtain a waiver of a payment default or a waiver with respect to any other aspect of the applicable indenture and the Fixed Rate Notes listed in the first category described previously under “Changes Requiring Approval of the Holder” unless the Issuer obtains a holder’s individual consent to the waiver.
Further Details Concerning Voting
Any series of Fixed Rate Notes will not be considered outstanding, and therefore not eligible to vote, if the Issuer has deposited or set aside in trust for holders of such series of Fixed Rate Notes money for their payment or redemption. The Fixed Rate Notes of any series will also not be eligible to vote if they have been fully defeased as described above under “Full Defeasance.”
The Issuer generally is entitled to set any day as a record date for the purpose of determining the holders of outstanding Fixed Rate Notes that are entitled to vote or take other action under the applicable indenture. In certain limited circumstances, the Trustee is entitled to set a record date for action by holders. If the Issuer or the Trustee sets a record date for a vote or other action to be taken by holders of Fixed Rate Notes, that vote or action may be taken only by persons who are holders of outstanding Fixed Rate Notes on the record date and must be taken within 180 days following the record date or another period that the Issuer may specify (or as the 
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Exhibit 4.17

Trustee may specify, if it set the record date). The Issuer may shorten or lengthen (but not beyond 180 days) this period from time to time.
No Personal Liability of Incorporators, Stockholders, Officers, Directors
The indentures provide that no recourse shall be had under any obligation, covenant, or agreement of the Issuer in the indentures or in any of the Fixed Rate Notes or because of the creation of any indebtedness represented thereby, against any of its incorporators, stockholders, officers, or directors, past, present, or future, or of any predecessor or successor entity thereof under any law, statute, or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise. Each holder, by accepting the Fixed Rate Notes, waived and released all such liability.
Concerning the Trustee
The Bank of New York Mellon Trust Company, N.A. is the trustee under the indentures. The Bank of New York Mellon, London Branch, has been appointed as paying agent with respect to the April 2025 Notes. The Trustee or its affiliates may from time to time in the future provide banking and other services to the Issuer in the ordinary course of its business.
The indentures provide that, prior to the occurrence of an Event of Default with respect to the Fixed Rate Notes of a series and after the curing or waiving of all such Events of Default with respect to that series, the Trustee will not be liable except for the performance of such duties as are specifically set forth in the applicable indenture. If an Event of Default has occurred and has not been cured or waived, the Trustee will exercise such rights and powers vested in it under the applicable indenture and will use the same degree of care and skill in its exercise as a prudent person would exercise under the circumstances in the conduct of such person’s own affairs.
The indentures and the provisions of the Trust Indenture Act incorporated by reference therein contain limitations on the rights of the Trustee thereunder, should it become a creditor of the Issuer or any of its subsidiaries, to obtain payment of claims in certain cases or to realize on certain property received by the Trustee in respect of any such claims, as security or otherwise. The Trustee is permitted to engage in other transactions, provided that if it acquires any conflicting interest (as defined in the Trust Indenture Act), it must eliminate such conflict or resign.
Unclaimed Funds
All funds deposited with the Trustee or any paying agent for the payment of principal, interest, premium, or additional amounts in respect of Fixed Rate Notes that remain unclaimed for one year after the date upon which the principal of, premium, if any, or interest on such Fixed Rate Notes shall have become due and payable will be repaid to the Issuer. Thereafter, any right of any holder of Fixed Rate Notes to such funds shall be enforceable only against the Issuer, and the Trustee and paying agents will have no liability therefor.
Book-Entry; Delivery and Form
The Fixed Rate Notes are issued in the form of one or more global notes in fully registered form, without coupons, and have been deposited with, or on behalf of, a common depositary, and registered in the name of the nominee of the common depositary, for, and in respect of interests held through, Euroclear Bank SA/NV (“Euroclear”) and Clearstream Banking, S.A. (“Clearstream”). Except as described herein, certificates will not 
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Exhibit 4.17

be issued in exchange for beneficial interests in the global notes. Except as set forth below, the global notes may be transferred, in whole and not in part, only to Euroclear or Clearstream or their respective nominees.
Beneficial interests in the global notes are represented, and transfers of such beneficial interests are effected, through accounts of financial institutions acting on behalf of beneficial owners as direct or indirect participants in Euroclear or Clearstream. Those beneficial interests must be in denominations of €100,000 and integral multiples of €1,000 in excess thereof. Investors may hold Fixed Rate Notes directly through Euroclear or Clearstream, if they are participants in such systems, or indirectly through organizations that are participants in such systems.
For so long as the Fixed Rate Notes are represented by global notes deposited with, and registered in the name of a nominee for, a common depositary for Euroclear and/or Clearstream, each person (other than Euroclear or Clearstream) who is for the time being shown in the records of Euroclear or of Clearstream as the holder of a particular nominal amount of the Fixed Rate Notes (in which regard any certificate or other document issued by Euroclear or Clearstream as to the nominal amount of the Fixed Rate Notes standing to the account of any person shall be conclusive and binding for all purposes save in the case of manifest error) shall upon their receipt of a certificate or other document be treated by Thermo Fisher and the Trustee as the holder of such nominal amount of the Fixed Rate Notes and the registered holder of the global notes shall be deemed not to be the holder for all purposes other than with respect to the payment of principal or interest on such nominal amount of the Fixed Rate Notes, for which purpose the registered holder of the relevant global note shall be treated by Thermo Fisher and the Trustee as the holder of such nominal amount of the Fixed Rate Notes in accordance with and subject to the terms of the global notes and the expressions “noteholder” and “holder of notes” and related expressions shall be construed accordingly.
Certificated Notes
If the depositary for any of the securities represented by a global security is at any time unwilling or unable to continue as depositary or ceases to be a clearing agency registered under the Exchange Act, and a successor depositary registered as a clearing agency under the Exchange Act is not appointed by us within 90 days, we will issue securities in definitive form in exchange for the global security that had been held by the depositary. Any securities issued in definitive form in exchange for a global security will be registered in the name or names that the depositary gives to the Trustee or other relevant agent of ours or theirs. It is expected that the depositary’s instructions will be based upon directions received by the depositary from participants with respect to ownership of beneficial interests in the global security that had been held by the depositary.
Governing Law
The indentures and the Fixed Rate Notes are governed by, and construed in accordance with, the laws of the State of New York.
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