Document:

rely-ex101_6.htm

Exhibit 10.1

 

 

 

September13, 2016

 

 

Kyle Ross
533 N. Edinburgh Ave.

Los Angeles, CA 90048

 

Dear Kyle:

I am pleased to confirm your appointment to the position of President and interim Chief Executive Officer for Real Industry, Inc. (the “Corporation”) and reporting solely and directly to our Board of Directors.   I am also pleased to confirm your appointment as Executive Vice President and Chief Investment Officer of the Corporation.   For the avoidance of doubt, while you are serving as President and Chief Executive Officer on an acting and interim basis, we are considering you as a candidate for such position on a non-interim basis with the current intention of reaching a decision on or prior to the next annual meeting of stockholders of the Corporation.  We note that you have assumed these new titles and roles with the Corporation effective August 19, 2016, with your appointment as President and interim Chief Executive Officer and Chief Investment Officer.  You will continue to retain the role of Chief Financial Officer until a successor is duly appointed. 

Your base annual compensation for Executive Vice President and Chief Investment Officer will be increased to a rate of $450,000, subject to annual review for increase (but not subject to decrease without your consent).  In addition you will be entitled to participate in all compensation and benefit programs applicable to other senior managers of the Corporation as currently in effect or approved by the compensation committee in the future. This will include, without limitation, the annual cash incentive program for 2016 and all other years during which you are employed by the Corporation, based on specific individual and corporate performance criteria as recommended and approved by the compensation committee. Your bonus target during the period of your employment with the Corporation will be increased to 80% of your base annual compensation.  Your actual bonus earned for 2016 will be based on the earned percentage of this target according to the individual and corporate performance criteria applicable for fiscal 2016, applied to your new annual salary.   

 

In connection with your agreement to serve and appointment as President and Chief Executive Officer of the Corporation on an interim and acting basis, you will be granted two restricted stock awards:

 

1.A restricted stock award in the amount of $200,000, vesting in whole and not in part one year following the grant date based upon your continued and uninterrupted employment by the Corporation; and

 

2.A restricted stock award in the amount of $500,000, vesting in whole and not in part at the end of three years based upon your continued and uninterrupted employment by the Corporation.  

 

The number of shares issued under each of such restricted stock award shall be determined by dividing the grant value by the closing price of the common stock of the Corporation on the Nasdaq on the date that such award is granted, rounded up to the nearest whole share.  The grant date is expected to be on or about the date of this letter.  You will also continue to be eligible to participate in all equity programs approved by the compensation committee. Currently these programs include, without limitation, the Long Term Incentive Plan (LTIP).  

All equity holdings, including vested and unvested grants, are subject to the stock ownership guidelines for senior management.  You will continue to be subject to the stock ownership guidelines as an Executive Vice President while you serve as President and Chief Executive Officer of the Corporation on an interim and acting basis. 

At all times during your employment with the Corporation you will continue to be (i) eligible to participate in all of the Corporation’s benefit plans, programs and policies applicable to senior officers of the Corporation, which include, without limitation, various life, health and accident insurance plans and savings plan, (ii) indemnified to the fullest extent permitted by Delaware law and covered by any Director and Officer Liability insurance maintained by the Corporation for its senior executive officers (which, for the avoidance of doubt, shall continue to cover you after the termination of your employment with respect to any liability with respect to your employment, subject to applicable standards of conduct under the Delaware General Corporation Law, any director and officer indemnification agreement entered into with the Corporation and/or applicable Director and Officer Liability insurance policies, as the case may be) and (iii) a participant in the Management Continuity Plan for Senior Officers (or any successor thereto) (the “Continuity Plan”).  You will participate in the Continuity Plan as an Executive Vice President while serving as President and Chief Executive Officer of the Corporation on an interim and acting basis.  If you are appointed as President and Chief Executive Officer of the Corporation on a non-interim basis, then upon such appointment you will be entitled to receive the severance benefits provided under the Continuity Plan as the Chief Executive Officer, provided, however, that notwithstanding anything to the contrary in this letter agreement or the Continuity Plan, it shall not be considered a “Discharge from Employment”, a “material diminution in the Executive’s authority, duty or responsibilities”  or a “material diminution in the Employee’s base compensation” under the definition of “Good Reason”, as each term is defined under the Continuity Plan, if you are not selected and appointed as President and Chief Executive Officer on a non-interim or non-acting basis or another person is appointed to either or both of such positions.  Furthermore, it shall not be considered a “Discharge from Employment” or a “material diminution in the Executive’s authority, duty or responsibilities” under the definition of “Good Reason”, as each term is defined under the Continuity Plan, when a successor is appointed as Chief Financial Officer. 

 

For the avoidance of doubt, we and you acknowledge and confirm that the adoption and implementation of the Continuity Plan did not, and does not, affect your employment arrangements with the Corporation and that certain Evergreen Employment Agreement dated as of August 1, 2014 is superseded by the Continuity Plan and that such employment agreement is terminated with your consent.  

 

Please acknowledge acceptance of this offer by signing below and returning one copy to my attention. I would like to take this opportunity to wish you luck in your new position, and I am sure our relationship will be one of mutual benefit. Feel free to contact me should you have any questions. 

 

Sincerely, 

 

/s/ Peter C.B. Bynoe

Peter C.B. Bynoe
On behalf of the Compensation Committee
of Real Industry, Inc.

 

 

 

Accepted: 

 

 

/s/ Kyle RossDated:  September 13, 2016

Name:  Kyle Ross

 

 

cc: William Hall, Chairman of the Board
Philip G. Tinkler, Chair Nominating and Governance Committee
David S. Stone, Esq.EX-4.1

 Exhibit 4.1 

Execution Version 
 CABOT
CORPORATION 
 AND 

U.S. BANK NATIONAL ASSOCIATION 

As Trustee 

Indenture 
 Dated as
of September 15, 2016 
 Debt Securities 

 TABLE OF CONTENTS 
  

							
		
	 ARTICLE ONE Definitions and Incorporation By Reference
	  	 	1	  
			
	 Section 1.01.
	 	 Definitions
	  	 	1	  
			
	 Section 1.02.
	 	 Other Definitions
	  	 	3	  
			
	 Section 1.03.
	 	 Incorporation by Reference of Trust Indenture Act
	  	 	3	  
			
	 Section 1.04.
	 	 Rules of Construction
	  	 	4	  
		
	 ARTICLE TWO The Securities
	  	 	4	  
			
	 Section 2.01.
	 	 Terms and Form
	  	 	4	  
			
	 Section 2.02.
	 	 Form of Legend for Global Security
	  	 	5	  
			
	 Section 2.03.
	 	 Execution and Authentication
	  	 	5	  
			
	 Section 2.04.
	 	 Registrar and Paying Agent
	  	 	6	  
			
	 Section 2.05.
	 	 Paying Agent to Hold Money in Trust
	  	 	6	  
			
	 Section 2.06.
	 	 Securityholder Lists
	  	 	6	  
			
	 Section 2.07.
	 	 Transfer and Exchange
	  	 	6	  
			
	 Section 2.08.
	 	 Replacement Securities
	  	 	7	  
			
	 Section 2.09.
	 	 Outstanding Securities
	  	 	8	  
			
	 Section 2.10.
	 	 Temporary Securities
	  	 	8	  
			
	 Section 2.11.
	 	 Cancellation
	  	 	8	  
			
	 Section 2.12.
	 	 Defaulted Interest
	  	 	8	  
		
	 ARTICLE THREE Redemption
	  	 	9	  
			
	 Section 3.01.
	 	 Notices to Trustee
	  	 	9	  
			
	 Section 3.02.
	 	 Selection of Securities to be Redeemed
	  	 	9	  
			
	 Section 3.03.
	 	 Notice of Redemption
	  	 	9	  
			
	 Section 3.04.
	 	 Effect of Notice of Redemption
	  	 	10	  
			
	 Section 3.05.
	 	 Deposit of Redemption Price
	  	 	10	  
			
	 Section 3.06.
	 	 Securities Redeemed in Part
	  	 	11	  
		
	 ARTICLE FOUR Covenants
	  	 	11	  
			
	 Section 4.01.
	 	 Certain Definitions
	  	 	11	  
			
	 Section 4.02.
	 	 Payment of Securities
	  	 	13	  
			
	 Section 4.03.
	 	 Limitation on Liens
	  	 	13	  
			
	 Section 4.04.
	 	 Limitation on Sale and Leaseback
	  	 	14	  
			
	 Section 4.05.
	 	 No Lien Created
	  	 	15	  
			
	 Section 4.06.
	 	 Compliance Certificate
	  	 	15	  
			
	 Section 4.07.
	 	 SEC Reports
	  	 	16	  

  
 i 

							
		
	 ARTICLE FIVE Successor Corporation
	  	 	16	  
			
	 Section 5.01.
	 	 When Company May Merge, etc.
	  	 	16	  
			
	 Section 5.02.
	 	 When Securities Must Be Secured
	  	 	16	  
		
	 ARTICLE SIX Defaults and Remedies
	  	 	17	  
			
	 Section 6.01.
	 	 Events of Default
	  	 	17	  
			
	 Section 6.02.
	 	 Acceleration
	  	 	18	  
			
	 Section 6.03.
	 	 Other Remedies
	  	 	19	  
			
	 Section 6.04.
	 	 Waiver of Past Defaults
	  	 	19	  
			
	 Section 6.05.
	 	 Control by Majority
	  	 	19	  
			
	 Section 6.06.
	 	 Limitation on Suits
	  	 	20	  
			
	 Section 6.07.
	 	 Rights of Holders to Receive Payment
	  	 	21	  
			
	 Section 6.08.
	 	 Collection Suit by Trustee
	  	 	21	  
			
	 Section 6.09.
	 	 Trustee May File Proofs of Claim
	  	 	21	  
			
	 Section 6.10.
	 	 Priorities
	  	 	21	  
			
	 Section 6.11.
	 	 Undertaking for Costs
	  	 	21	  
		
	 ARTICLE SEVEN Trustee
	  	 	22	  
			
	 Section 7.01.
	 	 Duties of Trustee
	  	 	22	  
			
	 Section 7.02.
	 	 Rights of Trustee
	  	 	23	  
			
	 Section 7.03.
	 	 Individual Rights of Trustee
	  	 	24	  
			
	 Section 7.04.
	 	 Trustee’s Disclaimer
	  	 	24	  
			
	 Section 7.05.
	 	 Notice of Defaults
	  	 	24	  
			
	 Section 7.06.
	 	 Reports by Trustee to Holders
	  	 	25	  
			
	 Section 7.07.
	 	 Compensation and Indemnity
	  	 	25	  
			
	 Section 7.08.
	 	 Replacement of Trustee
	  	 	25	  
			
	 Section 7.09.
	 	 Successor Trustee by Merger, etc.
	  	 	27	  
			
	 Section 7.10.
	 	 Eligibility Disqualification
	  	 	27	  
			
	 Section 7.11.
	 	 Preferential Collection of Claims Against Company
	  	 	27	  
		
	 ARTICLE EIGHT Discharge of Indenture
	  	 	27	  
			
	 Section 8.01.
	 	 Termination of Company’s Obligations
	  	 	27	  
			
	 Section 8.02.
	 	 Application of Trust Money
	  	 	28	  
			
	 Section 8.03.
	 	 Repayment to Company
	  	 	28	  
		
	 ARTICLE NINE Amendments, Supplements and Waivers
	  	 	29	  
			
	 Section 9.01.
	 	 Without Consent of Holders
	  	 	29	  
			
	 Section 9.02.
	 	 With Consent of Holders
	  	 	30	  

  
 ii 

							
			
	 Section 9.03.
	 	 Compliance with Trust Indenture Act
	  	 	30	  
			
	 Section 9.04.
	 	 Revocation and Effect of Consents
	  	 	30	  
			
	 Section 9.05.
	 	 Notation on or Exchange of Securities
	  	 	31	  
			
	 Section 9.06.
	 	 Trustee to Sign Amendments, etc.
	  	 	31	  
		
	 ARTICLE TEN Miscellaneous
	  	 	31	  
			
	 Section 10.01.
	 	 Trust Indenture Act Controls
	  	 	31	  
			
	 Section 10.02.
	 	 Notices
	  	 	31	  
			
	 Section 10.03.
	 	 Communication by Holders with Other Holders
	  	 	32	  
			
	 Section 10.04.
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	32	  
			
	 Section 10.05.
	 	 Statements Required in Certificate or Opinion
	  	 	32	  
			
	 Section 10.06.
	 	 Treasury Securities
	  	 	33	  
			
	 Section 10.07.
	 	 Rules by Trustee, Paying Agent, Registrar
	  	 	33	  
			
	 Section 10.08.
	 	 Legal Holidays
	  	 	33	  
			
	 Section 10.09.
	 	 Governing Law
	  	 	33	  
			
	 Section 10.10.
	 	 No Recourse Against Others
	  	 	33	  
			
	 Section 10.11.
	 	 Successors
	  	 	33	  
			
	 Section 10.12.
	 	 Execution in Counterparts
	  	 	34	  
		
	 EXHIBIT A – Form of Security
	  			

  
 iii 

 CROSS-REFERENCE TABLE 

 

					
	 TIA Section
	  	 Indenture

Section

	310	 	(a)(1)	  	7.10
		 	(a)(2)	  	7.10
		 	(a)(3)	  	N.A.
		 	(a)(4)	  	N.A.
		 	(b)	  	7.08; 7.10
		 	(c)	  	N.A.
	311	 	(a)	  	7.11
		 	(b)	  	7.11
		 	(c)	  	N.A.
	312	 	(a)	  	2.06
		 	(b)	  	10.03
		 	(c)	  	10.03
	313	 	(a)	  	7.06
		 	(b)(1)	  	N.A.
		 	(b)(2)	  	7.06
		 	(c)	  	10.02
		 	(d)	  	7.06
	314	 	(a)	  	4.05; 10.02
		 	(b)	  	N.A.
		 	(c)(1)	  	10.04
		 	(c)(2)	  	10.04
		 	(c)(3)	  	N.A.
		 	(d)	  	N.A.
		 	(e)	  	10.05
		 	(f)	  	N.A.
	315	 	(a)	  	7.01(b)
		 	(b)	  	7.05; 10.02
		 	(c)	  	7.01(a)
		 	(d)	  	7.01(c)
		 	(e)	  	6.11
	316	 	(a)(lastsentence)	  	10.06
		 	(a)(1)(A)	  	6.05
		 	(a)(1)(B)	  	6.04
		 	(a)(2)	  	N.A.
		 	(b)	  	6.07
	317	 	(a)(1)	  	6.06
		 	(a)(2)	  	6.09
		 	(b)	  	2.05
	318	 	(a)	  	10.01

  
 iv 

 INDENTURE dated as of September 15, 2016, between CABOT CORPORATION, a Delaware corporation
(the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Company’s
Securities: 
 ARTICLE ONE 

Definitions and Incorporation By Reference 

Section 1.01. Definitions. 

“Affiliate” means any person directly or indirectly controlling or controlled by or under direct or indirect common control
with the Company. 
 “Agent” means any Registrar or Paying Agent. 

“Bankruptcy Law” means Title 11, U.S. Code or any similar Federal or State law for the relief of debtors. 

“Board of Directors” means the Board of Directors of the Company or any committee of the Board of Directors duly authorized
to act for it hereunder. 
 “Board Vote” means a vote of the Board of Directors, which may be evidenced by a certificate of
the Secretary or an Assistant Secretary of the Company which states that such vote has been duly adopted by the Board of Directors and is in full force and effect. 

“Business Day” means any day which is not a Legal Holiday. 

“Company” means the party named as such in this Indenture until a successor replaces it pursuant to this Indenture and
thereafter means the successor. 
 “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar
official under any Bankruptcy Law. 
 “Default” means any event which is, or after notice or passage of time or both would
be, an Event of Default. 
 “Depository” shall mean, with respect to the Securities of any Series issuable or issued in
whole or in part in the form of one or more Global Securities, the person designated as depository for such Series by the Company, which depository shall be a clearing agency registered under the Exchange Act; and if at any time there is more than
one such person, “Depository” as used with respect to the Securities of any Series shall mean the depository with respect to the Securities of such Series. 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form
prescribed in Section 2.01 and bears the legend set forth in Section 2.02 (or such 

 
legend as may be specified as contemplated by Section 2.01 for such Securities) evidencing all or part of a Series of Securities, issued to the Depository for such Series or its nominee, and
registered in the name of such Depository or nominee. 
 “Holder” or “Securityholder” means a person in
whose name a Security is registered on the Registrar’s books. 
 “Indenture” means this Indenture as amended, modified
or supplemented from time to time. 
 “Legal Holiday” means any Saturday, Sunday or day on which banking institutions in a
jurisdiction in which an action is required hereunder are not required to be open. 
 “Officer” means the Chairman of the
Board, the President, any Vice President, the Treasurer, the Secretary or the Controller of the Company. 
 “Officers’
Certificate” means a certificate signed by two Officers or by an Officer and an Assistant Treasurer, Assistant Secretary or Assistant Controller of the Company. See Sections 10.04 and 10.05. 

“Opinion of Counsel” means a written opinion from legal counsel who may be an employee of or counsel to the Company, or who
may be other counsel satisfactory to the Trustee. 
 “Responsible Officer” means any officer in the Corporate Trust
Division of the Trustee or any other officer of the Trustee assigned by the Trustee to administer its corporate trust matters. 

“SEC” means the Securities and Exchange Commission. 

“Securities” means the debentures, notes or other evidence of indebtedness issued under this Indenture; provided,
however, that if at any time there is more than one entity acting as Trustee under this Indenture, “Securities” as to which such entity is Trustee means Securities authenticated and delivered under this Indenture, exclusive, however,
of Securities of any Series as to which such entity is not Trustee. 
 “Series” of Securities means all Securities provided
for by one or more indentures supplemental hereto, Board Votes or Officers’ Certificates as being part of the same series. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S. Code §§77aaa-77bbbb) as in effect on the date of this
Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust Indenture Act as so amended. 

“Trustee” means the party named as such in this Indenture until a successor replaces it pursuant to this Indenture and
thereafter means the successor. If at any time there are one or more additional parties acting as Trustee hereunder for any Series of Securities, “Trustee” shall also mean such parties and the term “Trustee” as used with respect
to the Securities of a particular Series means the Trustee with respect to Securities of that Series. 

  
 2 

 “U.S. Government Obligations” means direct obligations of the United States for
the payment of which the full faith and credit of the United States is pledged. 
 Section 1.02. Other Definitions. 

 

			
	 Term
	  	Defined in Section
	 “Attributable Debt”
	  	4.01
	 “Consolidated Net Tangible Assets”
	  	4.01
	 “Debt”
	  	4.01
	 “Exchange Act”
	  	2.07
	 “Exempted Debt”
	  	4.01
	 “Event of Default”
	  	6.01
	 “Lien”
	  	4.01
	 “Long-Term Debt”
	  	4.01
	 “Paying Agent”
	  	2.04
	 “Principal Property”
	  	4.01
	 “Registrar”
	  	2.04
	 “Restricted Property”
	  	4.01
	 “Restricted Subsidiary”
	  	4.01
	 “Sale-Leaseback Transaction”
	  	4.01
	 “Subsidiary”
	  	4.01
	 “United States”
	  	4.01
	 “Unrestricted Subsidiary”
	  	4.01

 Section 1.03. Incorporation by Reference of Trust Indenture Act. 

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

“indenture securities” means the Securities. 

“indenture security holder” means a Securityholder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the indenture securities means the Company. 

All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule
have the meanings assigned to them. 

  
 3 

 Section 1.04. Rules of Construction. 

Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term, not otherwise defined, has the meaning assigned to it in accordance with generally accepted accounting
principles in the United States; 
 (3) “or” is not exclusive; and 

(4) words in the singular include the plural, and in the plural include the singular. 

ARTICLE TWO 
 The Securities 

Section 2.01. Terms and Form. 

The Securities may be issued from time to time in one or more Series. Each Series shall be limited to such aggregate principal amount, shall
bear the title and interest at the rates and from the dates, shall mature at the times, shall or may be redeemable at the prices and upon the terms, and shall contain or be subject to all terms as shall be established in an indenture supplemental
hereto or by or pursuant to a Board Vote (and, to the extent not set forth in the Board Vote, in an Officers’ Certificate detailing the adoption of terms pursuant to the Board Vote). Securities of a Series shall be substantially identical
except as to denomination and except as may be otherwise provided in a Board Vote and/or an Officers’ Certificate or in an indenture supplemental hereto. In case of Securities of a Series to be issued from time to time, the Officers’
Certificate may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. 

The Securities of each Series hereunder shall be substantially in the form set forth in Exhibit A or in such form, including with respect to
whether such Series shall be issued in whole or in part in the form of one or more Global Securities and the Depository for such Global Security or Securities, as shall be established pursuant to a Board Vote (and, to the extent not set forth in the
Board Vote, in an Officers’ Certificate detailing the adoption of such form) or one or more indenture supplements to this Indenture, in each case, with such insertions, omissions, substitutions, and other variations as are required or permitted
by this Indenture, such Board Vote or such indenture supplement. If a form of any Security is approved by a Board Vote, such Officers’ Certificate shall also state that all conditions precedent relating to the authentication and delivery of
such Security have been complied with and shall be accompanied by a copy of the Board Vote by or pursuant to which the form of such Security has been approved. The Securities may have notations, legends or endorsements required by law, stock
exchange rule or usage. The Company shall approve the form of the Securities and any notation, legend or endorsement on them, such approval to be conclusively evidenced by the execution of such Securities. Unless the form of a Security of a Series
provides otherwise, each Security shall be dated the date of its authentication. 

  
 4 

 Unless the form of a Security of a Series provides otherwise, the Securities of such Series shall
be issued in denominations of $1,000 or multiples thereof. 
 Section 2.02. Form of Legend for Global Security. 

Any Global Security issued hereunder shall bear a legend in substantially the following form: 

“This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the
name of the Depository or a nominee of the Depository. This Security is exchangeable for Securities registered in the name of a person other than the Depository or its nominee only in the limited circumstances described in the Indenture, and may not
be transferred except as a whole by the Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee
of such successor Depository.” 
 Section 2.03. Execution and Authentication. 

Two Officers shall sign the Securities for the Company and may employ facsimile signatures. The Company’s seal shall be impressed, affixed
or reproduced on the Securities. 
 If an Officer whose signature is on a Security no longer holds that office at the time the Trustee
authenticates the Security, the Security shall be valid nevertheless. 
 The aggregate principal amount of Securities that may be
authenticated and delivered under this Indenture is unlimited. The Trustee shall authenticate Securities for original issue upon (or in accordance with such procedures acceptable to the Trustee set forth in) a written order of the Company signed by
two Officers or by an Officer and an Assistant Treasurer of the Company. 
 A Security shall not be valid until the Trustee manually signs
the certificate of authentication on the Security. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. The Trustee’s authentication shall be in the following form (except that where
applicable any successor or additional Trustee’s name for Securities of a Series shall be substituted for the Trustee named below): 

This is one of the Securities of the Series designated therein issued under the within mentioned Indenture. 

 

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Trustee

		
	By	 	  

	Name:	 	
	Title:	 	

  
 5 

 Section 2.04. Registrar and Paying Agent. 

The Company shall designate a Registrar who shall maintain an office or agency where Securities may be presented for registration of transfer
and where Securities may be presented for exchange (the “Registrar”) and a paying agent who shall maintain an office or agency where Securities may be presented for payment (the “Paying Agent”). Initially, U.S. Bank
National Association, Corporate Trust Services, 100 Wall Street, Suite 1600, New York, New York 10005, will act as the Registrar and Paying Agent. The Registrar shall keep a register of the Securities and of their transfer and exchange. With the
consent of the Trustee, which shall not be unreasonably withheld, the Company may designate one or more co-registrars and one or more Paying Agents. The term “Registrar” includes any additional co-registrar. The term “Paying
Agent” includes any additional paying agent. The Company shall notify the Trustee of the name and address of any Agent not a party to this Indenture. If the Company fails to maintain a Registrar or Paying Agent, the Trustee shall act as such.

 Section 2.05. Paying Agent to Hold Money in Trust. 

The Company, by written agreement, shall require each Paying Agent other than the Trustee to agree that the Paying Agent will hold in trust for
the benefit of Securityholders or the Trustee all money held by the Paying Agent for the payment of principal of and premium, if any, or interest on the Securities, and will notify the Trustee of any default by the Company in making any such
payment. If the Company acts as Paying Agent, it shall segregate the money and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon doing so the Paying Agent shall have
no further liability for the money. 
 Section 2.06. Securityholder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
Securityholders. If the Trustee is not the Registrar with respect to a Series of Securities, the Company shall furnish to the Trustee any information in the possession or control of the Company (a) on or before each semi-annual interest payment
date of any Series of Securities, and (b) at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Securityholders. 

Section 2.07. Transfer and Exchange. 

When a Security is presented to the Registrar with a request to register a transfer, the Registrar shall register the transfer as requested in
the manner provided in this Section 2.07. 
 Every Security presented or surrendered for registration of transfer or exchange shall (if
so required by the Company or the Registrar) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar duly executed by the Holder thereof or his attorney duly authorized in
writing. To permit transfers and exchanges, the Company shall execute and the Trustee shall authenticate Securities at the Registrar’s request. The Company may require payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed for any exchange or transfer but not for any exchange pursuant to Section 2.10, 3.06 or 9.05. 

  
 6 

 The Company shall not be required: (i) to issue, register the transfer of or exchange
Securities of any Series during a period beginning at the opening of business 15 days before the day of selection for redemption of Securities of that Series under Section 3.02 and ending at the close of business on the day of the mailing of
notice of redemption, or (ii) to register the transfer of, or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 

Notwithstanding any provisions to the contrary contained in Section 2.06 of this Indenture and in addition thereto, any Global Security
shall be exchangeable pursuant to this Section 2.07 for Securities registered in the names of Holders other than the Depository for such Security or its nominee only if: (i) such Depository notifies the Company that it is unwilling or
unable to continue as Depository for such Global Security or if at any time such Depository ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and, in either such case, the
Company fails to appoint a successor Depository within 90 days of such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate that such Global Security shall be so exchangeable or (iii) a Default shall
have occurred and be continuing with respect to the Securities represented by such Global Security. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the
Depository shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms. 

Except as provided in this Section 2.07, a Global Security may not be transferred except as a whole by the Depository with respect to
such Global Security to a nominee of such Depository, by a nominee of such Depository to such Depository or another nominee of such Depository or by the Depository or any such nominee to a successor Depository or a nominee of such successor
Depository. 
 Section 2.08. Replacement Securities. 

If the Holder of a mutilated Security surrenders such Security to the Trustee or if the Holder of a Security presents evidence satisfactory to
the Company and the Trustee that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Security of the same Series and of like tenor and principal amount and bearing a
number not contemporaneously outstanding. In case any such Security has or is about to become due and payable, the Company may pay the Security instead of issuing a new Security. If required by the Company or the Trustee, such Holder shall provide
an indemnity bond which must be sufficient in the judgment of the party requiring it to protect the Company, the Trustee and any Agent from any loss which any of them may suffer if a Security is replaced. The Company or the Trustee may charge the
Holder for its expenses in replacing a Security. 
 Every replacement Security is an additional obligation of the Company. 

  
 7 

 Section 2.09. Outstanding Securities. 

Securities outstanding at any time are all the Securities authenticated by the Trustee except for those cancelled by it, those Securities of
any Series for which the Company has made a deposit in accordance with Section 8.01 and those described in this Section as not outstanding. A Security does not cease to be outstanding because the Company or an Affiliate holds the Security. See
Section 10.06. 
 If a Security is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee receives
proof satisfactory to it that the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent holds on a redemption date or
maturity date money sufficient to pay Securities payable on that date, then on and after that date such Securities cease to be outstanding and interest on them ceases to accrue. 

Section 2.10. Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities. Temporary
Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate
definitive Securities in exchange for temporary Securities. 
 Section 2.11. Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee
any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for registration of transfer, exchange, payment or cancellation and shall destroy such cancelled Securities and
shall furnish the Company with a certificate of destruction. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. 

Section 2.12. Defaulted Interest. 

If the Company defaults in the payment of interest on any Series of the Securities, it shall pay the defaulted interest, plus any interest
payable on such defaulted interest to the extent permitted by law, to persons who are Holders of Securities of such Series on a subsequent special record date. The Company shall fix the special record date and the payment date. At least 15 days
before such special record date, the Company shall notify the Trustee and each Holder of such special record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful manner. 

  
 8 

 ARTICLE THREE 

Redemption 
 Section 3.01. Notices
to Trustee. 
 If the Company wants to redeem any Series of Securities pursuant to the terms of the Securities of that Series, the
Company shall notify the Trustee of the redemption date and the principal amount of the Securities to be redeemed. 
 Each such notice shall
be accompanied by an Officers’ Certificate stating that the conditions to such redemption as provided in such Security and in this Indenture have been complied with. If the Company elects to redeem less than all the Securities of a Series, the
Company shall notify the Trustee of such redemption date and of the principal amount of such Securities to be redeemed and shall deliver to the Trustee such documentation and records as shall enable the Trustee to select the Securities to be
redeemed pursuant to Section 3.02. 
 If any Series of Securities by its terms is redeemable pursuant to the operation of a sinking
fund, the Company shall notify the Trustee by an Officers’ Certificate of the amount of the next sinking fund payment and the portion of such payment which is to be satisfied by delivering and crediting Securities of the same Series pursuant to
Section 3.05. 
 If the Company wants to credit against any mandatory redemption Securities of the same Series it has not previously
delivered to the Trustee for cancellation, it shall deliver the Securities with such Officers’ Certificate. 
 The Company shall give
each notice or Officers’ Certificate provided for in this Section at least 30 days before the redemption date (unless shorter notice is satisfactory to the Trustee). 

Any notice of redemption given to the Trustee may be canceled by written notice to the Trustee at any time prior to the mailing of the notice
of redemption to the Holders of Securities to be redeemed and upon any such cancellation shall thereupon be void and of no effect. 

Section 3.02. Selection of Securities to be Redeemed. 

If less than all the Securities of a Series are to be redeemed, the Trustee shall select the Securities to be redeemed by a method the Trustee
considers fair and appropriate. The Trustee shall make the selection from Securities of such Series outstanding not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities of such Series that
have denominations larger than $1,000. Securities and portions of them it selects shall be in amounts of $1,000 or multiples of $1,000. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of Securities
called for redemption. 
 Section 3.03. Notice of Redemption. 

At least 30 days but not more than 60 days before a redemption date, the Company shall mail a notice of redemption by first-class mail (or
deliver by electronic transmission in accordance with the applicable procedures of the Depository) to each Holder of Securities to be redeemed. 

  
 9 

 The notice shall identify the Securities to be redeemed and shall state: 

(1) the redemption date; 

(2) the redemption price (or the method of calculating or determining the redemption price) and the accrued interest, if any;

 (3) the CUSIP number and ISIN, if any, of such Securities; 

(4) if less than all Securities of a Series outstanding are to be redeemed, the identification (and, if any Security is to be
redeemed in part, the principal amount) of the particular Security to be redeemed; 
 (5) the name and address of the Paying
Agent; 
 (6) that Securities called for redemption must be surrendered to the Paying Agent to collect the redemption price;

 (7) that interest on Securities called for redemption ceases to accrue on and after the redemption date; and 

(8) that the redemption is pursuant to a sinking fund, if that is the case. 

At the Company’s request at least five days prior to the date the notice of optional redemption is to be given (unless a shorter time
period shall be acceptable to the Trustee), the Trustee shall give such notice of redemption to each Holder of Securities to be redeemed in the Company’s name and at the Company’s expense. 

Section 3.04. Effect of Notice of Redemption. 

Once notice of redemption is mailed (or delivered by electronic transmission in accordance with the applicable procedures of the Depository),
Securities called for redemption become due and payable on the redemption date and at the applicable redemption price. Upon surrender to the Paying Agent, such Securities shall be paid at the applicable redemption price plus accrued interest, if
any, to the redemption date; provided, however, that any regular payment of interest becoming due on the redemption date shall be payable to the Holders of such Securities in accordance with their terms. 

Section 3.05. Deposit of Redemption Price. 

On or before the redemption date, the Company shall deposit with the Paying Agent (or if the Company is its own Paying Agent, shall segregate
and hold in trust) money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

  
 10 

 Unless any Security by its terms prohibits any sinking fund payment obligation from being
satisfied by delivering and crediting Securities (including Securities redeemed otherwise than through a sinking fund), the Company may deliver such Securities to the Trustee for crediting against such payment obligation in accordance with the terms
of such Securities and this Indenture. 
 Section 3.06. Securities Redeemed in Part. 

Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate and deliver to the Holder a new Security of the same
Series equal in principal amount to the unredeemed portion of the Security surrendered. 
 ARTICLE FOUR 

Covenants 
 Section 4.01. Certain
Definitions. 
 “Attributable Debt” means, as of the date of determination, the present value of rent due under a lease
for the remaining primary term of the lease. Rent shall be discounted to present value from the due date of each installment to the date of determination at the actual interest factor included in the rent or, if the interest factor cannot readily be
determined, at 12% per annum. Rent is the lesser of: (1) rent for the remaining primary term of the lease assuming it is not earlier terminated, and (2) rent from the date of determination until the first permitted termination date
under the lease plus the termination payment then due, if any. The remaining primary term of a lease includes any period for which the lease has been extended. Rent does not include: (1) amounts payable for maintenance, repairs, insurance,
taxes, assessments, water rates, and similar charges, or (2) contingent rent, such as that based on sales, maintenance and repairs, insurance, taxes, assessments or similar charges. Rent may be reduced by rent, discounted in the manner provided
above, that any sublessee must pay from the date of determination for all or part of the same property. An obligation to pay rent shall be counted only once even if more than one entity is responsible for the obligation. 

“Consolidated Net Tangible Assets” means total assets (after deducting all valuation and qualifying reserves related to those
assets) less: (1) total current liabilities (excluding that portion, if any, of Long-Term Debt due within 12 months); (2) goodwill, patents and patent rights, trademarks, trade names, copyrights, debt discount and expense and other like
intangibles; and (3) any equity in and the net amount of advances to Unrestricted Subsidiaries, all as stated in the most recent consolidated balance sheet of the Company and its Restricted Subsidiaries preceding the date of a determination.

 “Debt” means any debt for money borrowed or any guarantee of such debt, but excludes any non-recourse debt for money
borrowed incurred to develop any electrical generating facilities or to develop or exploit any oil, gas or other mineral property. A Debt obligation shall be counted only once even if more than one entity is responsible for the obligation. 

“Exempted Debt” means the total of the following incurred after the effective date of this Indenture: (1) the
outstanding principal amount of Debt of the Company and its Restricted 

  
 11 

 
Subsidiaries secured by any Lien other than a Lien permitted by paragraphs (1) through (9) of Section 4.03; plus (2) the outstanding Attributable Debt of the Company and its
Restricted Subsidiaries other than Attributable Debt arising from a Sale-Leaseback Transaction permitted by paragraphs (1) through (4) of Section 4.04. 

“Lien” means any mortgage, pledge, security interest or lien. 

“Long-Term Debt” means Debt that by its terms matures on a date more than 12 months after the date of determination or Debt
that the obligor may extend or renew without the obligee’s consent to a date more than 12 months after the date of determination. 

“Principal Property” means: (1) any real property, manufacturing plant, processing plant, warehouse or office building
located in the United States and owned or leased by the Company or a Restricted Subsidiary which has a gross book value, excluding depreciation, in excess of 2% of Consolidated Net Tangible Assets; or (2) any other property designated as such
by the President, Financial Vice President or Treasurer of the Company in a notice given to the Trustee. The definition does not include: (1) any plant, warehouse, building or other property, or any portion thereof, which, in the opinion of the
Board of Directors, is at any time not of material importance to the total business conducted by the Company and its consolidated Subsidiaries taken as a whole; or (2) any plant, warehouse, building or other property acquired by the Company or
a Restricted Subsidiary after the date of this Indenture which is financed by obligations of any State, political subdivision of any State, or the District of Columbia issued pursuant to agreements which satisfy the provisions of Section 142 or
Section 144(a) of the Internal Revenue Code of 1986, as amended, or any successor to any such provision. 
 “Restricted
Property” means any Principal Property, any Debt of a Restricted Subsidiary or any shares of stock of a Restricted Subsidiary, in each case now owned or hereafter acquired by the Company or a Restricted Subsidiary. 

“Restricted Subsidiary” means (1) any Subsidiary other than an Unrestricted Subsidiary; and (2) any Subsidiary
which was an Unrestricted Subsidiary but which subsequent to the date of this Indenture is designated by the Board of Directors to be a Restricted Subsidiary. A Subsidiary may not be designated a Restricted Subsidiary if as a result the Company
would thereby breach any covenant in this Indenture. 
 “Sale-Leaseback Transaction” means an arrangement pursuant to which
the Company or a Restricted Subsidiary now owns or hereafter acquires a Principal Property, transfers it to a third person and leases it back from such person. 

“Subsidiary” means a corporation of which at least a majority of the outstanding stock having voting power under ordinary
circumstances to elect a majority of its board of directors is owned by the Company, the Company and one or more Subsidiaries or by one or more Subsidiaries. 

“United States” means the United States of America including its territories and possessions. 

  
 12 

 “Unrestricted Subsidiary” means: (1) Cabot International Capital
Corporation; (2) any Subsidiary acquired or organized after the date of this Indenture which is not a successor, directly or indirectly, of a Restricted Subsidiary and which does not, directly or indirectly, own an equity interest in a
Restricted Subsidiary; (3) any Subsidiary the principal assets of which are located outside the United States and the business of which is primarily conducted outside the United States; (4) any Subsidiary the principal business of which
consists of financing the acquisition or disposition of real, personal or intangible property by persons including the Company or any Subsidiary; (5) any Subsidiary the principal business of which is owning, leasing, dealing in or developing
real property for residential or office building purposes; (6) any Subsidiary, the principal business of which is the insuring or reinsuring of property, casualty or employee benefit risks; and (7) any Subsidiary substantially all of the
assets of which consist of stock or other securities of a Subsidiary or Subsidiaries of the character described in clauses (1) through (6) of this paragraph. A Subsidiary shall cease to be an Unrestricted Subsidiary when it is designated
by the Board of Directors to be a Restricted Subsidiary. 
 Section 4.02. Payment of Securities. 

The Company shall pay the principal of, and interest and premium, if any, on each Series of Securities on the date and in the manner provided
in the Securities and this Indenture. An installment of principal or interest shall be considered paid on the date it is due if the Trustee or Paying Agent holds on that date money irrevocably designated for and sufficient to pay the installment. At
the Company’s option, (i) it can pay any interest on any Securities by mailing checks by first class mail to the Holders of such Securities at their addresses as shown on the Registrar’s books or (ii) in the case of Global
Securities, by wire transfer. 
 The Company shall pay interest on overdue principal and premium, if any, at the rate or rates borne by each
Series of the Securities; provided that the Company shall, to the extent lawful, pay interest on overdue installments of interest at the same rate or rates. 

Section 4.03. Limitation on Liens. 

The Company shall not, and it shall not permit any Restricted Subsidiary to, incur a Lien on Restricted Property to secure a Debt without
making effective provision to secure the Securities equally and ratably with such Debt, unless: 
 (1) the Lien is on
property, Debt or shares of stock of a corporation at the time the corporation becomes a Restricted Subsidiary; provided, however, that such Lien may not extend to any other Principal Property owned by the Company or a Restricted Subsidiary;

 (2) the Lien is on property at the time the Company or a Restricted Subsidiary acquires or leases the property;
provided, however, that such Lien may not extend to any other Principal Property owned by the Company or a Restricted Subsidiary; 

(3) the Lien secures Debt incurred to finance all or some of the purchase price or cost of construction or improvement of
property of the Company or a Restricted Subsidiary; provided that (i) in the case of any construction or improvement, the Lien may extend to substantially unimproved real property owned by the Company or a

  
 13 

 
Restricted Subsidiary upon which the construction or improvement is made; and (ii) such Lien may not extend to any other Principal Property owned by the Company or a Restricted Subsidiary,
other than additions to such property so purchased, constructed or improved; 
 (4) the Lien secures a Debt of a Restricted
Subsidiary owing to the Company or another wholly-owned Restricted Subsidiary; 
 (5) the Lien is on property of a
corporation at the time the corporation merges into or consolidates with the Company or a Restricted Subsidiary; 
 (6) the
Lien is on property of a person or entity at the time such person or entity transfers or leases all or substantially all of its assets to the Company or a Restricted Subsidiary; provided, however, that such Lien may not extend to any other
Principal Property owned by the Company or a Restricted Subsidiary; 
 (7) the Lien is in favor of a government or
governmental entity and secures (i) payments pursuant to a contract or statute, or (ii) Debt incurred to finance all or some of the purchase price or cost of construction of the property subject to such Lien; 

(8) the Lien extends, renews, refunds or replaces (or successive extensions, renewals, refunds or replacements) in whole or in
part a Lien (such Lien, an “existing Lien”) permitted by any of clauses (1) through (7). The Lien may not extend beyond (i) the property subject to the existing Lien; and (ii) improvements and construction on such
property; provided that the Debt secured by the Lien may not exceed the Debt secured at the time by the existing Lien unless the existing Lien or a predecessor Lien was incurred under clause (4); or 

(9) the Lien is on any electrical generating facility to secure non-recourse debt or is on any oil, gas or other mineral
property or on oil, gas or other minerals or other products or by-products produced or extracted from that oil, gas or other mineral property to secure non-recourse debt. 

Notwithstanding the provisions of this Section 4.03, the Company or any Restricted Subsidiary may, without equally and ratably securing
the Securities, grant Liens to secure Debt which would otherwise be subject to restriction by this Section 4.03 if, at the time of such granting and after giving effect to any Debt so secured, Exempted Debt does not exceed 15% of Consolidated
Net Tangible Assets. 
 The terms of any Series of Securities adopted pursuant to Section 2.01 may provide that this Section 4.03
is not applicable to such Series. 
 Section 4.04. Limitation on Sale and Leaseback. 

The Company shall not, and it shall not permit any Restricted Subsidiary to, enter into a Sale-Leaseback Transaction unless: 

(1) the lease has a term including renewal rights of three years or less; 

  
 14 

 (2) the lease is between the Company and a Restricted Subsidiary or between
Restricted Subsidiaries; 
 (3) the Company or the Restricted Subsidiary on the date such Sale-Leaseback Transaction is to
close could create a Lien on the property involved in the Sale-Leaseback Transaction to secure Debt under clause (3) or (7) of Section 4.03; or 

(4) the Company or the Restricted Subsidiary receiving the proceeds from such Sale-Leaseback Transaction, within 180 days after
it is consummated, applies, or commits to apply, an amount equal to the greater of the fair market value of the property, at the time of such Sale-Leaseback Transaction, as determined by the Board of Directors, or the proceeds to: 

(i) the acquisition of Restricted Property, including but not limited to, the acquisition, construction, development or
improvement of property or equipment which is or upon completion of such acquisition, construction, development or improvement will be, Principal Property or a part of Principal Property; or 

(ii) if permitted by the terms of Securities of any Series, the redemption of Securities of such Series pursuant to, and at the
redemption price referred to in, the Securities and applicable at the time of redemption, or the retirement or redemption of other Long-Term Debt of the Company or a Restricted Subsidiary. However, the Company may not receive credit for:
(x) the retirement of other Long-Term Debt at maturity or the redemption of other Long-Term Debt pursuant to any mandatory redemption provision; or (y) the retirement or redemption of any Long-Term Debt that is either subordinated to or
junior in right of payment to the Securities, or owed by the Company to a Restricted Subsidiary. 
 Notwithstanding the provisions of this
Section 4.04, the Company or any Restricted Subsidiary may enter into a Sale-Leaseback Transaction if, at the time of entering into the Sale-Leaseback Transaction and after giving effect to it, Exempted Debt does not exceed 15% of Consolidated
Net Tangible Assets. 
 The terms of any Series of Securities adopted pursuant to Section 2.01 may provide that this Section 4.04
is not applicable to such Series. 
 Section 4.05. No Lien Created. 

This Indenture and the Securities do not create a Lien, charge or encumbrance on any property of the Company or any Subsidiary. 

Section 4.06. Compliance Certificate. 

(1) The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company an Officers’ Certificate
stating whether or not the signers know of any Default by the Company in performing its covenants and obligations hereunder that occurred 

  
 15 

 
during the fiscal year and is continuing. If the Company knows of such a Default at such time, the Certificate shall describe the nature and status of the Default. The first such Officers’
Certificate shall be delivered to the Trustee by January 28, 2017. 
 (2) The Company shall deliver to the Trustee within ten Business
Days following the date on which the Company becomes aware of such Default, receives notice of such Default or becomes aware of such action, as applicable, an Officers’ Certificate specifying any events which would constitute a Default, their
status and what action the Company is taking or proposing to take in respect thereof. The Officers’ Certificate pursuant to this Section 4.06 need not comply with Section 10.05. 

Section 4.07. SEC Reports. 

The Company shall file with the Trustee within 15 days after it files them with the SEC copies of the annual reports and the information,
documents and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act. The
Company also shall comply with the other provisions of TIA Section 314(a). 
 ARTICLE FIVE 

Successor Corporation 
 Section 5.01.
When Company May Merge, etc. 
 The Company may consolidate with or merge into, or transfer all or substantially all of its assets to,
one person or entity if: 
 (1) the person or entity assumes by supplemental indenture all the obligations of the Company
under the Securities and this Indenture; thereafter all such obligations of the predecessor corporation shall terminate; 

(2) immediately after giving effect to the transaction, no Default would occur and be continuing; and 

(3) the entity formed by or surviving such transaction, in the case of a consolidation or merger, and the transferee, in the
case of a transfer, is a person or entity organized under the laws of the United States of America, any State thereof, the District of Columbia, Canada, any province of Canada or any state which was a member of the European Union on
December 31, 2003 (other than Greece). 
 Section 5.02. When Securities Must Be Secured. 

If upon any such consolidation, merger or transfer any Principal Property would become subject to an attaching Lien that secures Debt, then
before the consolidation, merger or transfer occurs, the Company by supplemental indenture shall secure the Securities by a direct Lien on all such Principal Property. The direct Lien shall have priority over the attaching Lien and over all other
Liens on such Principal Property except the Liens already on it. The direct Lien may 

  
 16 

 
equally and ratably secure the Securities and any other obligation of the Company or a Subsidiary entitled to such security. The direct Lien may not secure an obligation of the Company or such a
Subsidiary that is subordinated to the Securities. However, the Company need not comply with this Section if: 
 (1) the
attaching Lien is permitted under any of clauses (1) through (9) of Section 4.03; or 
 (2) the Company or a
Restricted Subsidiary under the next to last paragraph of Section 4.03 could create a Lien on the Principal Property to secure Debt at least equal in amount to that secured by the attaching Lien. 

ARTICLE SIX 
 Defaults and
Remedies 
 Section 6.01. Events of Default. 

Unless the form of a Security of a Series provides otherwise, an “Event of Default” occurs with respect to Securities of any Series
if: 
 (1) the Company defaults in the payment of interest on any Security of that Series when the same becomes due and
payable and the Default continues for a period of 30 days; 
 (2) the Company defaults in the payment of the principal of, or
premium, if any, on, any Security of that Series when the same becomes due and payable at maturity, upon redemption or otherwise, provided that in the case of default in the making or satisfaction of any sinking fund payment, such default
continues for a period of 30 days; 
 (3) the Company fails to comply with any of its other agreements in the Securities of
that Series or this Indenture (other than a default which has expressly been included in this Indenture solely for the benefit of a Series of Securities other than that Series) and the default continues for the period and after the notice specified
below; 
 (4) an event of default, as defined in any mortgage, indenture or instrument under which there is or may be issued
indebtedness of the Company or any Restricted Subsidiary for money borrowed (including an Event of Default with respect to a Security of any Series hereunder) in the principal amount exceeding $100,000,000, shall occur with the result that such
indebtedness shall have been declared due and payable prior to the date on which it would otherwise become due and payable, but if any such default is cured by the Company or such Restricted Subsidiary or is waived by the specified percentage of
holders of such mortgage, indenture or instrument entitled so to waive, then the Event of Default under this Indenture by reason of such default shall be deemed to have been cured; 

  
 17 

 (5) the Company, pursuant to or within the meaning of any Bankruptcy Law: 

(a) commences a voluntary case; 

(b) consents to the entry of an order for relief from claims against it in an involuntary case; 

(c) consents to the appointment of a Custodian of it or for all or substantially all of its property; or 

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

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

(a) is for relief against the Company in an involuntary case; 

(b) appoints a Custodian of the Company or for all or substantially all of its property; or 

(c) orders the liquidation of the Company; 

and such order or decree remains unstayed and in effect for 90 days; or 

(7) any other Event of Default provided for Securities of that Series occurs. 

A Default with respect to any Series of Securities under clause (3) is not an Event of Default until the Trustee notifies the Company or
the Holders of at least 25% in principal amount of the outstanding Securities of that Series notify the Trustee and the Company of the Default and the Company does not cure the Default within 90 days after receipt of the notice. The notice must
specify the Default, demand that it be remedied and state that the notice is a “Notice of Default.” 
 Section 6.02. Acceleration.

 If an Event of Default with respect to Securities of any Series occurs and is continuing, the Trustee by notice to the Company, or the
Holders of at least 25% in principal amount of the outstanding Securities of that Series by notice to the Company and the Trustee, may declare that the principal of and accrued interest (or, if any of the Securities of that Series are original issue
discount Securities, such portion of the principal amount of such Securities as may be specified in the terms thereof), if any, shall be due and payable immediately. Upon such declaration, such principal (or specified amount) and interest shall be
due and payable immediately. The Holders of a majority in principal amount of the outstanding Securities of that Series by notice to the Company and the Trustee may rescind an acceleration and its consequences if the rescission would not conflict
with any judgment or decree and if all existing Events of Default (other than nonpayment of principal, interest or premium, if any, that has become due solely because of such acceleration) have been cured or waived. 

Notwithstanding any provisions to the contrary contained in this Section 6.02 and in addition thereto, upon receipt by the Trustee of any
declaration of acceleration, or rescission and 

  
 18 

 
annulment thereof, with respect to Securities of a Series all or part of which is represented by a Global Security, the Trustee shall establish a record date for determining Holders of
outstanding Securities of such Series entitled to join in such declaration of acceleration, or rescission and annulment, as the case may be, which record date shall be at the close of business on the day the Trustee receives such declaration of
acceleration, or rescission and annulment, as the case may be. The Holders on such record date, or their duly designated proxies, and only such Holders, shall be entitled to join in such declaration of acceleration, or rescission and annulment, as
the case may be, whether or not such Holders remain Holders after such record date; provided, however, that unless such declaration of acceleration, or rescission and annulment, as the case may be, shall have become effective by virtue of the
requisite percentage having been obtained prior to the day which is 90 days after such record date, such declaration of acceleration, or rescission and annulment, as the case may be, shall automatically and without further action by any Holder be
cancelled and of no further effect. Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder, from giving, after expiration of such 90-day period, a new declaration of acceleration, or rescission or annulment thereof, as the case may
be, that is identical to a declaration of acceleration, or rescission or annulment thereof, which has been cancelled pursuant to the proviso to the preceding sentence, in which event a new record date shall be established pursuant to the provisions
of this Section 6.02. 
 Section 6.03. Other Remedies. 

If an Event of Default with respect to Securities of any Series occurs and is continuing, the Trustee may pursue any available remedy by
proceeding at law or in equity to collect the payment of principal of, interest or premium, if any, on, the Securities of that Series or to enforce the performance of any provision of the Securities of that Series or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Securities of that Series or does not produce any of them in the
proceeding. A delay or omission by the Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No
remedy is exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law. 
 Section 6.04. Waiver of Past
Defaults. 
 Subject to Sections 6.07 and 9.02, the Holders of a majority in principal amount of the outstanding Securities or any Series
on behalf of the Holders of the outstanding Securities of that Series by notice to the Trustee may waive an existing past Default or Event of Default and its consequences but such waiver shall not extend to any future Event of Default. When a
Default or Event of Default is waived by the Holders of any Series of Securities, it is cured and stops continuing with respect to Securities of that Series. 

Section 6.05. Control by Majority. 

The Holders of a majority in principal amount of the outstanding Securities of any Series may direct the time, method and place of:
(1) conducting any proceeding for any remedy available to the Trustee; or (2) exercising any trust or power conferred on the Trustee with 

  
 19 

 
respect to the Securities of that Series. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, or subject to Section 7.01, that the Trustee
determines would be unduly prejudicial to the rights of other Securityholders of that Series or that would involve the Trustee in personal liability. 

Notwithstanding any provisions to the contrary contained in this Section 6.05, and in addition thereto, upon receipt by the Trustee of
any direction with respect to Securities of a Series all or part of which is represented by a Global Security, the Trustee shall establish a record date for determining Holders of outstanding Securities of such Series entitled to join in such
direction, which record date shall be at the close of business on the date the Trustee receives such direction. The Holders on such record date, or their duly designated proxies, and only such Holders, shall be entitled to join in such direction,
whether or not such Holders remain Holders after such record date; provided, however, that unless such majority in principal amount shall have been obtained prior to the day which is 90 days after such record date, such direction shall
automatically and without further action by any Holder be cancelled and of no further effect. Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder from giving, after expiration of such 90-day period, a new direction identical to
a direction which has been cancelled pursuant to the proviso to the preceding sentence, in which event a new record date shall be established pursuant to the provisions of this Section 6.05. 

Section 6.06. Limitation on Suits. 

A Securityholder may pursue a remedy with respect to this Indenture or the Securities of that Series only if: 

(1) the Holder gives to the Trustee written notice of a continuing Event of Default; 

(2) the Holders of at least 25% in principal amount of the outstanding Securities of that Series make a written request to the
Trustee to pursue the remedy; 
 (3) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee
against any loss, liability or expense; 
 (4) the Trustee does not comply with the request within 60 days after receipt of
the request and the offer of indemnity; and 
 (5) during such 60-day period the Holders of a majority in principal amount of
the outstanding Securities of that Series do not give the Trustee a direction inconsistent with the request. 
 A Holder of any Series of
Securities may not use any provision of this Indenture to prejudice the rights of another Holder of any Securities of that Series or to obtain a preference or priority over another Holder of any Securities of that Series. 

  
 20 

 Section 6.07. Rights of Holders to Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder of a Security to receive payment of principal of, interest and
premium, if any, on the Security, on or after the respective due dates expressed in the Security, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of
the Holder. 
 Section 6.08. Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(1) or (2) occurs and is continuing for Securities of any Series, the Trustee may
recover judgment in its own name and as Trustee of an express trust against the Company for the whole amount of principal, interest and any premium remaining unpaid on the Securities of that Series. 

Section 6.09. Trustee May File Proofs of Claim. 

The Trustee may 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 the Holders of Securities of any Series allowed in any judicial proceedings relative to the Company, its creditors or its property. 

Section 6.10. Priorities. 
 If the
Trustee collects any money pursuant to this Article with respect to Securities of any Series, it shall pay out the money in the following order: 

FIRST: to the Trustee and any predecessor trustee of the Securities of that Series for amounts due under Section 7.07; 

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

THIRD: to the Company. 
 The
Trustee may fix a record date and payment date for any payment to Securityholders pursuant to this Section 6.10. 
 Section 6.11. Undertaking
for Costs. 
 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, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including
reasonable attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder
pursuant to Section 6.07 or a suit by Holders of more than 10% in principal amount of the Securities of any Series. 

  
 21 

 ARTICLE SEVEN 

Trustee 
 Section 7.01. Duties of
Trustee. 
 (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise its rights and powers and use the same
degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 

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

(1) the Trustee need perform only those duties that are specifically set forth in this Indenture and no others; and 

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee shall examine the certificates and opinions to determine whether or not
they conform to the requirements of this Indenture. 
 (c) The Trustee may not be relieved from liability for its own negligent action, its
own negligent failure to act, or its own willful misconduct, except that: 
 (1) this paragraph (c) does not limit the
effect of paragraph (b) of this Section; 
 (2) the Trustee shall not be liable for any error of judgment made in good
faith by a Responsible Officer, unless it is proved 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. 
 (d) Every provision of this Indenture that in any way relates to the Trustee is
subject to paragraphs (a), (b) and (c) of this Section. 
 (e) The Trustee may refuse to perform any duty or exercise any right or
power unless it is assured of indemnity satisfactory to it 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 with the Company. 
 (g) Anything in this Indenture
notwithstanding, in no event shall the Trustee be liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including but not limited to loss of profit), even if the Trustee has been advised as to the likelihood
of such loss or damage and regardless of the form of action in which such damages are sought. 

  
 22 

 (h) The Trustee shall not be responsible or liable for any failure or delay in the performance of
its obligations under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage;
epidemics; riots; interruptions; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; labor disputes; acts of civil or military authority and governmental action; provided that the Trustee shall
use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

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

(j) The Trustee shall not be required to expend or risk its own funds or otherwise incur any financial liability in the performance of any of
its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not assured to it. 

(k) The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and believed by it to be authorized or
within the rights or powers conferred upon it by this Indenture. 
 (l) 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. 
 (m) The permissive rights of the Trustee enumerated herein shall not be construed as
duties. 
 (n) The Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of not less than a majority in principal amount of the outstanding Securities of any Series, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such Series. 
 Section 7.02. Rights of
Trustee. 
 (1) The Trustee may rely on any document believed by it to be genuine and to have been signed or presented by
the proper person. The Trustee need not investigate any fact or matter stated in the document. 
 (2) Before the Trustee acts
or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate or Opinion of
Counsel. 

  
 23 

 (3) The Trustee may act through agents and shall not be responsible for the
misconduct or negligence of any agent appointed with due care. 
 (4) The Trustee shall not be liable for any action it takes
or omits to take in good faith which it believes to be authorized or within its rights or powers. 
 (5) The Trustee may
consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in
accordance with such advice or Opinion of Counsel. 
 (6) In the event the Trustee is also acting as Registrar, Paying Agent,
Custodian or transfer agent pursuant to this Indenture, the rights, privileges, protections, immunities and indemnities given to the Trustee are extended to, and shall be enforceable by, the Trustee in its capacity as Registrar, Paying Agent,
Custodian or transfer agent hereunder. 
 (7) The Trustee may request that the Company deliver an Officers’ Certificate
setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’
Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded; provided that the Trustee may request an updated certificate pursuant to this clause (7) solely in the event that the
Trustee reasonably believes that the last such certificate received from the Company or currently on file is no longer accurate. 

Section 7.03. Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or an
Affiliate with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee is subject to Sections 7.10 and 7.11. 

Section 7.04. Trustee’s Disclaimer. 

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the
Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its certificate of authentication. 

Section 7.05. Notice of Defaults. 

If a Default occurs and is continuing with respect to Securities of any Series and if it is known to the Trustee, the Trustee shall mail to
each Holder of Securities of that Series notice of the Default within 90 days after it occurs. Except in the case of a Default in payment on any 

  
 24 

 
Security of that Series, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of
Holders of Securities of that Series. 
 Section 7.06. Reports by Trustee to Holders. 

Within 60 days after each May 15 beginning with the May 15 following the date of this Indenture, the Trustee shall mail to the
Company and each Securityholder a brief report dated as of such May 15 that complies with TIA Section 313(a). The Trustee shall also comply with TIA Section 313(b). 

A copy of each report at the time of its mailing to Securityholders shall be filed with the SEC and each stock exchange on which the
Securities of any Series are listed. 
 The Company shall notify the Trustee whenever the Securities of any Series are listed on any stock
exchange. 
 Section 7.07. Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time reasonable compensation for its services (which compensation shall not be limited by any
provision of law in regard to the compensation of a trustee of an express trust). The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the reasonable compensation
and expenses of the Trustee’s agents and counsel. 
 Except as provided below in this paragraph, the Company shall indemnify each of
the Trustee and any predecessor trustee of the Securities of that Series against any loss or liability incurred by it in connection with the administration of the trust created by this Indenture or the performance of its duties hereunder, including
all reasonable costs and expenses in defending itself against any claim or liability in connection with the exercise or performance of any of its powers and duties under this Indenture. The Trustee shall notify the Company promptly of any claim for
which it may seek indemnity but failure to do so shall not relieve the Company of its obligations under this Section 7.07. The Company need not pay for any settlement made by the Trustee without the Company’s consent. The Company need not
reimburse any expense or indemnify against any loss or liability incurred by either the Trustee or any predecessor trustee of the Securities of that Series through its own negligence or bad faith. In respect of the Company’s payment obligations
in this Section 7.07, the Trustee shall have a senior claim to which the Securities are hereby made subordinate on all money or property held or collected by the Trustee as such and not in its individual capacity, except for money or property
held in trust for the benefit of the Holders to pay the principal of and interest and premium, if any, on particular Securities. 

  
 25 

 Section 7.08. Replacement of Trustee. 

The Trustee may resign with respect to any or all Series of Securities by so notifying the Company. The Holders of a majority in principal
amount of the outstanding Securities or any Series may remove the Trustee with respect to the Securities of that Series by notifying the removed Trustee and the Company. Those Holders may appoint a successor Trustee with respect to the Securities of
that Series with the Company’s consent. The Company may remove the Trustee with respect to any or all Series of Securities or, if there is more than one Trustee hereunder, with respect to all Series of Securities for which such Trustee acts as
Trustee if: 
 (1) the Trustee fails to comply with Section 7.10; 

(2) the Trustee is adjudged a bankrupt or an insolvent; 

(3) a receiver or public officer takes charge of the Trustee or its property; or 

(4) the Trustee becomes incapable of acting. 

If the Trustee with respect to one or more Series of Securities resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Company 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 Securities may appoint a successor Trustee to replace the successor
Trustee appointed by the Company. 
 If a successor Trustee with respect to one or more Series of Securities does not take office within 60
days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in principal amount of the Securities with respect to such Series of Securities may petition any court of competent jurisdiction
for the appointment of a successor Trustee. 
 If the Trustee fails to comply with Section 7.10, any 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. 
 Immediately after that, the retiring Trustee
shall transfer all property held by it as Trustee to the successor Trustee, 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 with respect to the Securities of any Series for which it acts as Trustee. A successor Trustee shall mail notice of its succession to each Holder of Securities of a Series for which it acts as Trustee. 

If at the time a successor to the Trustee succeeds to the trusts created by this Indenture any of the Securities of any Series shall have been
authenticated but not delivered, the successor to the Trustee of the Securities of that Series may adopt the certificate of authentication of any predecessor trustee for that Series of Securities and deliver the Securities for that Series so
authenticated. If at that time any of the Securities of a Series shall not have been authenticated, any successor to the Trustee for that Series of Securities may authenticate the Securities for that Series either in the name of any predecessor
trustee for that Series of Securities hereunder or in the name of the successor Trustee. In all such cases the certificate of authentication shall have the same force and effect which the provisions of the Securities or this Indenture provided that
certificates of authentication of the Trustee shall have, except that the right to adopt the 

  
 26 

 
certificate of authentication of any predecessor trustee for a Series of Securities or to authenticate Securities of a Series in the name of any predecessor trustee for that Series of Securities
shall apply only to its successor or successors by merger, conversion or consolidation. 
 Section 7.09. Successor Trustee by Merger, etc.

 If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust assets to, another
corporation, the successor corporation shall be the successor Trustee, without any further act. 
 Section 7.10. Eligibility
Disqualification. 
 This Indenture shall always have for each Series of Securities a Trustee who satisfies the requirements of TIA
Section 310(a)(l). The Trustee shall always have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. If any Series of Securities is admitted to trading on the New York
Stock Exchange, Inc., or any successor thereto, the Company shall ensure that a transfer agent facility maintain an office or agency in the Borough of Manhattan, the City of New York, as long as such Series of Securities shall be so admitted. With
respect to each Series of Securities, the Trustee shall comply with TIA §310(b), including the proviso contained in TIA §310(b)(1) and the optional provision permitted by the second sentence of TIA §310(b)(9). 

Section 7.11. Preferential Collection of Claims Against Company. 

The Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has
resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated. 
 ARTICLE EIGHT 

Discharge of Indenture 

Section 8.01. Termination of Company’s Obligations. 

The Company at any time may terminate its obligation to pay an installment of principal and premium, if any, or interest if it deposits with
the Trustee money or U.S. Government Obligations sufficient to pay the installment when due. The Company shall designate the installment for which payment is being made. 

The Company at any time may terminate all of its obligations under the Securities of any or all Series and this Indenture with respect to such
Series or all Series if: 
 (1) all Securities of such Series previously authenticated and delivered (other than destroyed,
lost or stolen Securities of such Series which have been replaced or paid) have been delivered to the Trustee for cancellation; or 

(2) the Company irrevocably deposits in trust with the Trustee money or U.S. Government Obligations (a) sufficient to pay
the principal of, and interest and premium, 

  
 27 

 
if any, on the Securities of such Series to maturity or redemption, as the case may be, or (b) in the case of a Series of Securities which provides for a mandatory sinking fund, sufficient
to make all mandatory sinking fund payments to maturity and sufficient to pay at maturity any principal of and interest on such Series for Securities of such Series not redeemed prior to maturity (other than monies paid to the Company or discharged
from trust in accordance with Section 8.03). 
 However, the Company’s obligations in Sections 2.04, 2.05, 2.06, 2.07, 2.08, 4.02,
7.07, 7.08 and 8.03 with respect to the Securities of such Series shall survive until the Securities of such Series are no longer outstanding. Thereafter the Company’s obligations in Section 7.07 shall survive. 

After such a deposit, the Trustee upon request shall acknowledge, in writing, the discharge of the Company’s obligations under the
Securities of such Series and this Indenture except for those surviving obligations specified above. 
 In order to have money available on
a payment date to pay principal of, and interest or premium, if any, on, the Securities, the U.S. Government Obligations shall be payable as to principal of, interest or premium, if any, on or before such payment date in such amounts as will provide
the necessary money. U.S. Government Obligations shall not be callable at the issuer’s option. 
 Section 8.02. Application of Trust
Money. 
 The Trustee shall hold in trust money or U.S. Government Obligations deposited with it pursuant to Section 8.01. It shall
apply the deposited money and the money from U.S. Government Obligations through the Paying Agent in accordance with this Indenture to the payment of principal of, interest and premium, if any, on, the Securities of the Series or to the payment of
any mandatory sinking fund payments, for which the money or U.S. Government Obligations have been deposited. 
 Section 8.03. Repayment to
Company. 
 The Trustee and the Paying Agent shall promptly pay to the Company upon request any excess money or U.S. Government
Obligations held by them at any time. The Trustee and Paying Agent shall pay to the Company upon request any money or U.S. Government Obligations held by them for the payment of principal, interest or premium, if any, on any Security or for the
payment of any mandatory sinking fund payments, that remains unclaimed for two years after such principal, interest, premium or mandatory sinking fund payments have become due and payable. If such money or U.S. Government Obligations are then held
by the Company they shall be discharged from the trust. After that, Securityholders entitled to the money must look to the Company for payment as unsecured general creditors unless an applicable abandoned property law designates another person or
entity. 

  
 28 

 ARTICLE NINE 

Amendments, Supplements and Waivers 

Section 9.01. Without Consent of Holders. 

The Company and the Trustee may amend or supplement this Indenture or the Securities without notice to or consent of any Securityholder: 

(1) to cure any ambiguity, omission, defect or inconsistency or to make other formal changes; 

(2) to comply with Article Four or Five; 

(3) to provide for uncertificated Securities in addition to or in place of certificated Securities; 

(4) to add to the covenants of the Company or to add any additional Events of Default for the benefit of all or any Series of
Securities; 
 (5) to add to or change any of the provisions of this Indenture to such extent as shall be necessary to permit
or facilitate the issuance of Securities in (i) bearer form, registrable or not registrable as to principal, and/or (ii) coupon form, registrable or not registrable as to principal, and to provide for exchangeability of such Securities
with Securities issued hereunder in fully registered form; 
 (6) to add to or change any provisions of this Indenture as
shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee; 
 (7)
to establish the form or terms of the Securities of any Series pursuant to Section 2.01; 
 (8) to make any change that
does not adversely affect the rights of any Securityholder, provided that none of such changes shall adversely affect the rights of any Securityholder; 

(9) to modify or amend this Indenture in such a manner as to permit the qualification of this Indenture or any supplemental
indenture under the TIA as then in effect; 
 (10) to conform any provision in this Indenture and any supplemental indenture
to the description of any Securities in an offering document; 
 (11) to add guarantees with respect to the Securities or to
secure the Securities; or 
 (12) to provide for the issuance of additional debt securities of any Series. 

  
 29 

 Section 9.02. With Consent of Holders. 

The Company and the Trustee may amend this Indenture or the Securities without notice to any Securityholder but with the written consent of the
Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by such indenture supplement or amendment (each Series voting separately as one class). The Holders of a majority in principal amount of the
outstanding Securities of each such Series (each Series voting separately as one class) may waive compliance by the Company in a particular instance with any provision of this Indenture or the Securities of such Series without notice to any Holder
of Securities of such Series. Without the consent of each Securityholder affected, however, an amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: 

(1) reduce the amount of Securities whose Holders must consent to an amendment, supplement or waiver; 

(2) reduce the rate of or change the time for payment of interest on any Security; 

(3) reduce the principal of or change the fixed maturity of any Security; 

(4) waive a default in the payment of the principal of or premium, if any, or interest on any Security; 

(5) make any Security payable in money other than that stated in the Security; or 

(6) change the provisions applicable to the redemption of any Security. 

It shall not be necessary for the consent of the Holders under this Section to approve the particular form of any proposed supplement, but it
shall be sufficient if such consent approves the substance thereof. 
 Section 9.03. Compliance with Trust Indenture Act. 

Every amendment to or supplement of this Indenture or the Securities shall comply with the TIA as then in effect. 

Section 9.04. Revocation and Effect of Consents. 

A consent to an amendment, supplement or waiver by a Holder of a Security of any Series is a continuing consent, irrevocable for a period of
nine months from the date given or, if earlier, until the amendment, supplement or waiver becomes effective, both as to the Holder giving such consent and as to every subsequent Holder of a Security of that Series or a portion of such a Security
that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on each Security of that Series. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter
binds every Securityholder of that Series. 

  
 30 

 Section 9.05. Notation on or Exchange of Securities. 

If an amendment, supplement or waiver changes the term of a Security, the Trustee may require the Holder of the Security to deliver it to the
Trustee. The Trustee may place an appropriate notation on the Security about an amendment, supplement or waiver and return it to the Holder. Alternatively, the Company in exchange for Securities may issue and the Trustee shall authenticate new
Securities that reflect an amendment, supplement or waiver. 
 Section 9.06. Trustee to Sign Amendments, etc. 

The Trustee need not sign any supplemental indenture that adversely affects its rights. In signing such amendment, supplement or waiver, the
Trustee shall be entitled to receive, and (subject to Section 7.01) shall be fully protected in relying upon, an Officers’ Certificate and Opinion of Counsel stating that such amendment, supplement or waiver is authorized or permitted by
this Indenture. 
 ARTICLE TEN 

Miscellaneous 
 Section 10.01.
Trust Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies, or conflicts with another provision which is
required to be included in this Indenture by the TIA, the required provision shall control. 
 Section 10.02. Notices. 

Any notice or communication shall be in writing and delivered in person, by facsimile or mailed by first-class mail to the other’s address
as follows: 
  

			
	if to the Company:	  	Cabot Corporation
		  	Two Seaport Lane
		  	Suite 1300
		  	Boston, Massachusetts 02210
		  	Attention: Financial Vice President
		
		  	Facsimile:
		
	if to the Trustee:	  	U.S. Bank National Association
		  	Corporate Trust Services
		  	100 Wall Street Suite 1600
		  	New York, New York 10005
		  	Attention: Beverly Freeney, Vice President & Account Manager
		
		  	Facsimile:

  
 31 

 The Company or the Trustee by notice to the other may designate additional or different addresses
for subsequent notices or communications. 
 Any notice or communication to a Holder of a Security shall be mailed by first class mail to
his or her address shown on the register kept by the Registrar or delivered by electronic transmission in accordance with the applicable procedures of the Depository. Failure to mail (or deliver by electronic transmission in accordance with the
applicable procedures of the Depository) a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. 

Notices given by publication will be deemed given on the first date on which publication is made, and notices given by first-class mail, postage prepaid, will be deemed given five calendar days after mailing. Notwithstanding any other provision of this Indenture or any Global Security, where the Indenture or Global Security
provides for notice of any event (including any notice of redemption) to any Holder (whether by mail or otherwise), such notice shall be sufficiently given if given to any applicable Depository (or its designee) according to the applicable
procedures of such Depository. If such notice or communication is mailed (or delivered by electronic transmission in accordance with the applicable procedures of the Depository) in the manner provided above within the time prescribed, it is duly
given, whether or not the addressee receives it. 
 Section 10.03. Communication by Holders with Other Holders. 

Securityholders may communicate pursuant to TIA Section 312(b) with other Securityholders with respect to their rights under this
Indenture or the Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c). 

Section 10.04. Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee: 
 (1) an Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with; and 
 (2) an Opinion of Counsel
stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
 Section 10.05. Statements Required in
Certificate or Opinion. 
 Each Officers’ Certificate or Opinion of Counsel with respect to compliance with a condition or covenant
provided for in this Indenture shall include: 
 (1) a statement that the person making such Officers’ Certificate or
Opinion of Counsel has read such covenant or condition; 

  
 32 

 (2) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such Officers’ Certificate or Opinion of Counsel are based; 

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

(4) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 

Section 10.06. Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities have concurred in any direction, waiver or consent,
Securities owned by the Company or an Affiliate shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Securities which the Trustee knows are
so owned shall be so disregarded. 
 Securities so owned which have been pledged in good faith shall not be disregarded if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to the Securities and that the pledgee is not the Company or an Affiliate. 

Section 10.07. Rules by Trustee, Paying Agent, Registrar. 

The Trustee may make reasonable rules for action by or a meeting of Securityholders. The Registrar or Paying Agent may make reasonable rules
and set reasonable requirements for its functions. 
 Section 10.08. Legal Holidays. 

If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal
Holiday, and no interest shall accrue for the intervening period. 
 Section 10.09. Governing Law. 

The laws of The State of New York shall govern this Indenture and the Securities. 

Section 10.10. No Recourse Against Others. 

All liability described in the Securities of any director, officer, employee or stockholder, as such, of the Company is waived and released.

 Section 10.11. Successors. 
 All
agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture shall bind its successor. 

  
 33 

 Section 10.12. Execution in Counterparts. 

The parties may sign this Indenture in any number of counterparts, each of which shall be an original, but such counterparts shall together
constitute but one and the same agreement. 
 [Signature Page Follows] 

  
 34 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and their
respective corporate seals, if applicable, to be hereunto affixed and attested, all as of the day and year first written above. 
  

									
		 		 		 	Cabot Corporation, as the Company
					
		 		 		 	By:	 	 /s/ Eduardo E. Cordeiro

		 		 		 	Name:	 	Eduardo E. Cordeiro
		 		 		 	Title:	 	Executive Vice President and
		 		 		 		 	Chief Financial Officer
					
	Attest:	 	 /s/ Jane A. Bell
	 		 		 	
			
	(SEAL)	 		 	
				
		 		 		 	U.S. Bank National Association, as Trustee
					
		 		 		 	By:	 	 /s/ Beverly A. Freeney

		 		 		 	Name:	 	Beverly A. Freeney
		 		 		 	Title:	 	Vice President
					
	Attest:	 	 /s/ Jean Clarke
	 		 		 	

 [Signature Page to Base Indenture] 

 EXHIBIT A 

(FORM OF FACE OF SECURITY) 

 

	 No.              
	 $             

CABOT CORPORATION 

(Insert Title of Securities) 
 promises to
pay to 
 or registered assigns the principal sum of 
 Dollars
on 
  

					
	Interest Payment Dates:                     	  	and                     	  	
	Record Dates:                     	  	and                     	  	
	
	Additional provisions of this Security are set forth on the other side of this Security.

  

							
		 		 	CABOT CORPORATION
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
				
	[SEAL]	 		 		 	
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  

			
	Dated:                     
	This is one of the Securities of the Series designated therein issued under the within mentioned Indenture.
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 1 

 (FORM OF REVERSE OF SECURITY) 

CABOT CORPORATION 
  

					
	     %
	 		 	Due                     

  

	1.	Interest. 

 Cabot Corporation, a Delaware corporation (the “Company”), promises
to pay interest on the principal amount of this Security at the rate per annum shown above. The Company will pay interest semi-annually on
                     and                      of
each year (the “Interest Payment Dates”), beginning on                     . Interest on the Security will accrue from the most recent date
to which interest has been paid or, if no interest has been paid, from                     . Interest will be computed on the basis of a 360-day year
of twelve 30-day months. 
  

	2.	Method of Payment. 

 The Company will pay interest on the Securities of this Series
(except defaulted interest) to the persons who are registered holders of the Securities of this Series (the “Holders”) at the close of business on the     th day of the month (the “Record Dates”) next
preceding the Interest Payment Date. Holders must surrender the Securities of this Series to a Paying Agent to collect principal payments. The Company will pay principal and interest in money of the United States that at the time of payment is legal
tender for payment of public and private debts. However, the Company may pay principal and interest and premium, if any, by its check payable in such money. It may mail an interest check to a Holder’s registered address. 

 

	3.	Paying Agent and Registrar. 

 Initially, U.S. Bank National Association, Corporate Trust
Services, 100 Wall Street, Suite 1600, New York, New York 10005, will act as Registrar and Paying Agent. The Company may change any Registrar or Paying Agent without notice. The Company may act as Registrar or Paying Agent. 

 

	4.	Indenture. 

 This Security is one of a duly authorized Series of Securities designated on
the face hereof issued by the Company under an Indenture dated as of September 15, 2016 (the “Indenture”), between the Company and U.S. Bank National Association (the “Trustee”). The terms of the Securities of this Series
include those stated in this Security, in the Indenture and those made part of the Indenture by reference to the TIA. The Securities of this Series are subject to all such terms and Holders are referred to this Security, the Indenture and the TIA
for a statement of them. The Securities of this Series are general unsecured obligations of the Company. 
 [    ] OptionaI
Redemption. [If applicable, insert] 

  
 2 

 The Company may redeem all the Securities of this Series at any time or some of them from time to
time at the following redemption prices (expressed in percentages of principal amount), plus accrued interest, if any, to the redemption date: 

If redeemed during the 12-month period ending 
  

							
	 Year
	 	 Percentage
	 	 Year
	 	 Percentage

		 		 		 	
		 		 		 	
		 		 		 	

 and thereafter without premium. 

However, the Company may not so redeem the Securities of this Series before
                    , through refunding directly or indirectly from, or in anticipation of, money borrowed by or for the account of the Company or a
Subsidiary at an interest cost (calculated in accordance with generally accepted financial practice) of     % per annum or less. In the case of any redemption pursuant to this paragraph prior to ,
            20     , the Company will deliver to the Trustee, prior to the mailing of any notice of such redemption, an Officers’ Certificate stating that such
redemption will comply with this limitation. 
 [    ] Mandatory Redemption—Sinking Fund. [If applicable, insert]

 The Company will redeem $         principal amount of Securities of this Series on and on
each                      thereafter through
                     at a redemption price of 100% of principal amount, plus accrued interest, if any, to the redemption date. The Company may, at
its option, receive credit towards the principal amount of the Securities of this Series to be redeemed pursuant to this paragraph in an amount equal to 100% of the principal amount (excluding premium) of any Security of this Series that the Company
has delivered to the Trustee for cancellation or redemption other than pursuant to this paragraph. The Company may also so receive credit for the same Security of this Series only once. 

[    ] Additional Optional Redemption. [If applicable, insert] 

In addition to redemption pursuant to paragraph
                    , the Company may redeem not more than $         principal amount of the Securities of
this Series, or such lesser amount which is a multiple of $1,000, on             ,          and on each
                     thereafter through
                     at a redemption price of 100% of principal amount, plus accrued interest, if any, to the redemption date. The right to redeem
such an additional amount shall not accumulate from year to year, but shall lapse to the extent not exercised in any year it is available. At the election of the Company, any optional redemptions so made may be applied to reduce the amount of any
subsequent mandatory sinking fund payment required in paragraph 
 [    ] Notice of Redemption. [If applicable, insert] 

Notice of redemption will be mailed to each Holder of a Security of the Series to be redeemed at his or her registered address or delivered by
electronic transmission in accordance with the applicable procedures of the Depository at least 30 days but not more than 60 days before the redemption date. Securities of this Series in denominations larger than $1,000 may be redeemed in part. On
and after the redemption date, interest will not accrue on the Securities of this Series or portions of them called for redemption. 

  
 3 

 [    ] Denominations, Transfer, Exchange. 

The Securities of this Series are in registered form without coupons in denominations of $1,000 and multiples of $1,000. 

A Holder may transfer or exchange a Security in accordance with the Indenture. The Registrar may require a Holder, among other things, to
furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. 
 [If
applicable, insert] The Registrar need not transfer or exchange any Security selected for redemption. Also, it need not transfer or exchange any Security for a period beginning 15 days before the selection of Securities to be redeemed and ending on
the day of a mailing of the notice of redemption. 
 [    ] Persons Deemed Owners. [If applicable, insert] 

The registered Holder of a Security may be treated as the owner of it for all purposes, except as otherwise provided in paragraph 2 of this
Security. 
 [    ] Unclaimed Money. 

If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent will pay the money back to the
Company at its request. After that, Holders entitled to the money must look to the Company and not to the Trustee for payment unless an abandoned property law designates another person. 

[    ] Amendments, Supplements and Waivers. 

Subject to certain exceptions, the Indenture or the Securities of any Series may be amended or supplemented and compliance with any provisions
may be waived, in each case, as provided in the Indenture. 
 [    ] Restrictive Covenants. 

The Indenture does not limit other unsecured debt. It does limit certain Liens and Sale-Leaseback Transactions with respect to certain property
described in the Indenture. 
 [    ] Successor Corporation. 

When a successor assumes the obligations of the Company to the Holders, the Company will be released from those obligations. 

[    ] Defaults and Remedies. 

An Event of Default is defined in Section 6.01 of the Indenture. If an Event of Default occurs and is continuing, the Trustee or the
Holders of at least 25% in principal amount of the 

  
 4 

 
Securities of the Series affected may declare the principal of and accrued interest, if any, of all of the Securities of the Series to be due and payable immediately. Holders may not enforce the
Indenture or this Security except as provided in the Indenture. The Trustee may require indemnity satisfactory to it from Holders who request the Trustee to enforce the Indenture or the Securities of the Series affected. 

Subject to certain limitations, Holders of a majority in principal amount of the Securities of a Series may direct the Trustee in its exercise of any trust or
power with respect to the Securities of such Series. The Trustee may withhold from Holders notice of any continuing default (except a default in payment of principal, interest or any premium) if it determines that withholding notice is in their
interests. 
 [    ] Trustee Dealings with Company. 

The Trustee, in its individual or any other capacity, may make loans to, accept deposits from and perform services for the Company or its
Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not Trustee. 
 [    ] No Recourse
Against Others. 
 A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations
of the Company under the Security of any Series or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and
release are part of the consideration for the issue of the Security. 
 [    ] Authentication. 

This Security shall not be valid until authenticated by the manual signature of the Trustee. 

[    ] Abbreviations. 

Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (tenants in common), TEN ENT (tenants by the
entireties), JT TEN (joint tenants with right of survivorship and not as tenants in common), CUST (Custodian) and U/G/M/A (Uniform Gifts to Minors Act). 

The Company will furnish to any Holder, upon written request and without charge, a copy of the Indenture. Requests may be made to: 

Secretary 
 Two Seaport Lane 

Suite 1300 
 Boston, Massachusetts
02210 

  
 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}]]