Document:

EXHIBIT 4.1

 

 

 

 

 

 

 

 

FREYR
BATTERY

 

 

 

 

 

 

 

INDENTURE

 

 

Dated
as of

__________,
________

 

 

 

 

 

 

 

 

 

DEBT
SECURITIES

 

 

[ ___________]

Trustee

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

Reconciliation
and tie between

Trust
Indenture Act of 1939 and Indenture*

 

	Trust Indenture	 	 
	Act Section	 	Indenture Section
	§310	(a)	 	11.04(a), 16.02
	 	(b)	 	11.01(f), 11.04(b), 11.05(1), 16.02
	 	(b)(1)	 	11.04(b), 16.02
	§311	 	 	11.01(f), 16.02
	§312	 	 	14.02(d), 16.02
	 	(b)	 	11.10, 16.02
	 	(c)	 	11.10, 16.02
	§313	(a)	 	10.01(a), 16.02
	§314	 	 	16.02
	§315	(e)	 	11.05, 16.02
	§316	 	 	16.02
	§317	 	 	16.02
	§318	 	 	16.02

  

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

 

     

     

    

 

TABLE
OF CONTENTS*

 

	 	 	PAGE
	 
	ARTICLE I
	 
	DEFINITIONS
	 
	Section
    1.01	Definitions	1
	 	 	 
	ARTICLE II
	 
	FORMS OF SECURITIES
	 
	Section
    2.01	Terms
    of the Securities	12
	Section
    2.02	Form
    of Trustee’s Certificate of Authentication	12
	Section
    2.03	Form
    of Trustee’s Certificate of Authentication by an Authenticating Agent	13
	 	 	 
	ARTICLE III
	 
	THE DEBT SECURITIES
	 
	Section
    3.01	Amount
    Unlimited; Issuable in Series	13
	Section
    3.02	Denominations	16
	Section
    3.03	Execution,
    Authentication, Delivery and Dating	16
	Section
    3.04	Temporary
    Securities	19
	Section
    3.05	Registrar	19
	Section
    3.06	Transfer
    and Exchange	20
	Section
    3.07	Mutilated,
    Destroyed, Lost and Stolen Securities	23
	Section
    3.08	Payment
    of Interest; Interest Rights Preserved	24
	Section
    3.09	Cancellation	25
	Section
    3.10	Computation
    of Interest	25
	Section
    3.11	Currency
    of Payments in Respect of Securities	25
	Section
    3.12	Judgments	25
	Section
    3.13	CUSIP
    Numbers	26

 

	*	The
                                            Table of Contents is not a part of the Indenture.

 

    i

     

    

 

	ARTICLE IV
	 
	REDEMPTION OF SECURITIES
	 
	Section
    4.01	Applicability
    of Right of Redemption	26
	Section
    4.02	Selection
    of Securities to be Redeemed	26
	Section
    4.03	Notice
    of Redemption	27
	Section
    4.04	Deposit
    of Redemption Price	27
	Section
    4.05	Securities
    Payable on Redemption Date	28
	Section
    4.06	Securities
    Redeemed in Part	28
	 	 	 
	ARTICLE
V
	 
	SINKING FUNDS
	 
	Section
    5.01	Applicability
    of Sinking Fund	28
	Section
    5.02	Mandatory
    Sinking Fund Obligation	29
	Section
    5.03	Optional
    Redemption at Sinking Fund Redemption Price	29
	Section
    5.04	Application
    of Sinking Fund Payment	29
	 	 	 
	ARTICLE VI
	 
	PARTICULAR COVENANTS OF THE COMPANY
	 
	Section
    6.01	Payments
    of Securities	30
	Section
    6.02	Paying
    Agent	30
	Section
    6.03	To
    Hold Payment in Trust	31
	Section
    6.04	[reserved]	33
	Section
    6.05	Compliance
    Certificate	33
	Section
    6.06	Conditional
    Waiver by Holders of Securities	33
	Section
    6.07	Statement
    by Officers as to Default	33
	 	 	 
	ARTICLE VII
	 
	REMEDIES OF TRUSTEE AND SECURITYHOLDERS
	 	 	 
	Section
    7.01	Events
    of Default	34
	Section
    7.02	Acceleration;
    Rescission and Annulment	36
	Section
    7.03	Other
    Remedies	37
	Section
    7.04	Trustee
    as Attorney-in-Fact	38
	Section
    7.05	Priorities	38
	Section
    7.06	Control
    by Securityholders; Waiver of Past Defaults	39
	Section
    7.07	Limitation
    on Suits	39
	Section
    7.08	Undertaking
    for Costs	40
	Section
    7.09	Remedies
    Cumulative	40

 

    ii

     

    

 

	ARTICLE VIII
	 
	CONCERNING THE SECURITYHOLDERS
	 
	Section
    8.01	Evidence
    of Action of Securityholders	41
	Section
    8.02	Proof
    of Execution or Holding of Securities	41
	Section
    8.03	Persons
    Deemed Owners	42
	Section
    8.04	Effect
    of Consents	42
	 	 	 
	ARTICLE IX
	 
	SECURITYHOLDERS’ MEETINGS
	 
	Section
    9.01	Purposes
    of Meetings	42
	Section
    9.02	Call
    of Meetings by Trustee	43
	Section
    9.03	Call
    of Meetings by Company or Securityholders	43
	Section
    9.04	Qualifications
    for Voting	43
	Section
    9.05	Regulation
    of Meetings	43
	Section
    9.06	Voting	44
	Section
    9.07	No
    Delay of Rights by Meeting	45
	 	 	 
	ARTICLE X
	 
	REPORTS BY THE COMPANY AND THE TRUSTEE AND SECURITYHOLDERS’ LISTS
	 
	Section
    10.01	Reports
    by Trustee	45
	Section
    10.02	Reports
    by the Company	45
	Section
    10.03	Securityholders’
    Lists	45
	 	 	 
	ARTICLE XI 
	 
	CONCERNING THE TRUSTEE
	 
	Section
    11.01	Rights
    of Trustees; Compensation and Indemnity	46
	Section
    11.02	Duties
    of Trustee	48
	Section
    11.03	Notice
    of Defaults	50
	Section
    11.04	Eligibility;
    Disqualification	50
	Section
    11.05	Resignation
    and Notice; Removal	50
	Section
    11.06	Successor
    Trustee by Appointment	51
	Section
    11.07	Successor
    Trustee by Merger	52
	Section
    11.08	Right
    to Rely on Officer’s Certificate	53
	Section
    11.09	Appointment
    of Authenticating Agent	53
	Section
    11.10	Communications
    by Securityholders with Other Securityholders	54
	 	 	 
	ARTICLE XII
	 
	SATISFACTION AND DISCHARGE; DEFEASANCE
	 
	Section
    12.01	Applicability
    of Article	54
	Section
    12.02	Satisfaction
    and Discharge of Indenture	54
	Section
    12.03	Defeasance
    and Covenant Defeasance upon Deposit of Moneys or U.S. Government Obligations	56
	Section
    12.04	Repayment
    to Company	58
	Section
    12.05	Indemnity
    for U.S. Government Obligations	58
	Section
    12.06	Deposits
    to Be Held in Escrow	58
	Section
    12.07	Application
    of Trust Money	58
	Section
    12.08	Deposits
    of Non-U.S. Currencies	59
	 	 	 

 

    iii

     

    

 

	ARTICLE XIII
	 
	IMMUNITY OF CERTAIN PERSONS
	 
	Section
    13.01	No
    Personal Liability	59
	 	 	 
	ARTICLE XIV
	 
	SUPPLEMENTAL INDENTURES
	 
	Section
    14.01	Without
    Consent of Securityholders	59
	Section
    14.02	With
    Consent of Securityholders; Limitations	61
	Section
    14.03	Trustee
    Protected	63
	Section
    14.04	Effect
    of Execution of Supplemental Indenture	63
	Section
    14.05	Notation
    on or Exchange of Securities	63
	Section
    14.06	Conformity
    with TIA	63
	 	 	 
	ARTICLE XV
	 
	SUBORDINATION OF SECURITIES
	 
	Section
    15.01	Agreement
    to Subordinate	64
	Section
    15.02	Distribution
    on Dissolution, Liquidation and Reorganization; Subrogation of Securities	64
	Section
    15.03	No
    Payment on Securities in Event of Default on Senior Indebtedness	65
	Section
    15.04	Payments
    on Securities Permitted	66
	Section
    15.05	Authorization
    of Securityholders to Trustee to Effect Subordination	66
	Section
    15.06	Notices
    to Trustee	66
	Section
    15.07	Trustee
    as Holder of Senior Indebtedness	67
	Section
    15.08	Modifications
    of Terms of Senior Indebtedness	67
	Section
    15.09	Reliance
    on Judicial Order or Certificate of Liquidating Agent	67
	Section
    15.10	Satisfaction
    and Discharge; Defeasance and Covenant Defeasance	67
	Section
    15.11	Trustee
    Not Fiduciary for Holders of Senior Indebtedness	67
	 	 	 
	ARTICLE XVI
	 
	MISCELLANEOUS PROVISIONS
	 
	Section
    16.01	Certificates
    and Opinions as to Conditions Precedent	68
	Section
    16.02	Trust
    Indenture Act Controls	68
	Section
    16.03	Notices
    to the Company and Trustee	69
	Section
    16.04	Notices
    to Securityholders; Waiver	69
	Section
    16.05	Legal
    Holiday	69
	Section
    16.06	Effects
    of Headings and Table of Contents	69
	Section
    16.07	Successors
    and Assigns	69
	Section
    16.08	Separability
    Clause	70
	Section
    16.09	Benefits
    of Indenture	70
	Section
    16.10	Counterparts
    Originals	70
	Section
    16.11	Governing
    Law; Waiver of Trial by Jury	70
	Section
    16.12	Electronic
    Signatures	70

 

    iv

     

    

 

INDENTURE
dated as of ___________,____, among FREYR Battery, a corporation in the form of a public limited liability company (société
anonyme) incorporated under the laws of Luxembourg (the “Company”), and ___________, as trustee (the “Trustee”).

 

WITNESSETH:

 

WHEREAS,
the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of unsecured debentures, notes,
bonds or other evidences of indebtedness (the “Securities”) in an unlimited aggregate principal amount to be issued from
time to time in one or more series as provided in this Indenture; and

 

WHEREAS,
all things necessary to make this Indenture a valid and legally binding agreement of the Company, in accordance with its terms, have
been done.

 

NOW,
THEREFORE, THIS INDENTURE WITNESSETH:

 

That,
in consideration of the premises and the purchase of the Securities by the Holders thereof for the equal and proportionate benefit of
all of the present and future Holders of the Securities, each party agrees and covenants as follows:

 

ARTICLE
I

 

DEFINITIONS

 

For
all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires:

 

(a)
the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular;

 

(b)
unless otherwise defined in this Indenture or the context otherwise requires, all terms used herein without definition which are defined
in the Trust Indenture Act, either directly or by reference therein, have the meanings assigned to them therein;

 

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

 

(d)
references to “Article” or “Section” or other subdivision herein are references to an Article, Section or other
subdivision of this Indenture, unless the context otherwise requires.

 

Section
1.01 Definitions.

 

Unless
the context otherwise requires, the terms defined in this Section 1.01 shall for all purposes of this Indenture have the meanings hereinafter
set forth:

 

Affiliate:

 

The
term “Affiliate,” with respect to any specified Person shall mean any other Person directly or indirectly controlling or
controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control”
when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

    

     

    

 

Authenticating
Agent:

 

The
term “Authenticating Agent” shall have the meaning assigned to it in Section 11.09.

 

Board
of Directors:

 

The
term “Board of Directors” shall mean either the board of directors of the Company or the executive or any other committee
of that board duly authorized to act in respect hereof.

 

Board
Resolution:

 

The
term “Board Resolution” shall mean a copy of a resolution or resolutions certified by the Secretary or an Assistant Secretary
of the Company to have been duly adopted by the Board of Directors (or by a committee of the Board of Directors to the extent that any
such other committee has been authorized by the Board of Directors to establish or approve the matters contemplated) and to be in full
force and effect on the date of such certification and delivered to the Trustee.

 

Business
Day:

 

The
term “Business Day,” when used with respect to any Place of Payment or any other particular location referred to in this
Indenture or in the Securities, shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions
in that Place of Payment or such location are authorized or obligated by law or executive order to close.

 

Capital
Stock:

 

The
term “Capital Stock” shall mean:

 

(a)
in the case of a corporation, corporate stock;

 

(b)
in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock;

 

(c)
in the case of a partnership or limited liability company, partnership interests (whether general or limited) or membership interests;
and

 

(d)
any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions
of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether
or not such debt securities include any right of participation with Capital Stock.

 

    2

     

    

 

Code:

 

The
term “Code” shall mean the Internal Revenue Code of 1986, as amended.

 

Company:

 

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

 

Company
Order:

 

The
term “Company Order” shall mean a written order signed in the name of the Company by any Officer and delivered to the Trustee.

 

Corporate
Trust Office:

 

The
term “Corporate Trust Office,” or other similar term, shall mean the principal office of the Trustee at which at any particular
time its corporate trust business shall be administered, which office at the date hereof is located at [ ], Attention: [ ], [address],
or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate
trust officer of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to
the Holders and the Company).

 

Currency:

 

The
term “Currency” shall mean U.S. Dollars or Foreign Currency.

 

Default:

 

The
term “Default” shall have the meaning assigned to it in Section 11.03.

 

Defaulted
Interest:

 

The
term “Defaulted Interest” shall have the same meaning assigned to it in Section 3.08(b).

 

Depositary:

 

The
term “Depositary” shall mean, with respect to the Securities of any series issuable in whole or in part in the form of one
or more Global Securities, each Person designated as Depositary by the Company pursuant to Section 3.01 until one or more successor Depositaries
shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or
include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary”
as used with respect to the Securities of any such series shall mean the Depositary with respect to the Securities of that series.

 

    3

     

    

 

Designated
Currency:

 

The
term “Designated Currency” shall have the same meaning assigned to it in Section 3.12.

 

Discharged:

 

The
term “Discharged” shall have the meaning assigned to it in Section 12.03.

 

DTC:

 

The
term “DTC” shall mean The Depository Trust Company, Inc. and its successors.

 

Event
of Default:

 

The
term “Event of Default” shall have the meaning specified in Section 7.01.

 

Exchange
Act:

 

The
term “Exchange Act” shall mean the United States Securities Exchange Act of 1934, and the rules and regulations promulgated
by the SEC thereunder and any statute successor thereto, in each case as amended from time to time.

 

Exchange
Rate:

 

The
term “Exchange Rate” shall have the meaning assigned to it in Section 7.01.

 

Floating
Rate Security:

 

The
term “Floating Rate Security” shall mean a Security that provides for the payment of interest at a variable rate determined
periodically by reference to an interest rate index specified pursuant to Section 3.01.

 

Foreign
Currency:

 

The
term “Foreign Currency” shall mean a currency issued by the government of any country other than the United States or a composite
currency, the value of which is determined by reference to the values of the currencies of any group of countries.

 

    4

     

    

 

GAAP:

 

The
term “GAAP,” with respect to any computations required or permitted hereunder, shall mean generally accepted accounting principles
in effect in the United States as in effect from time to time; provided, however if the Company is required by the SEC to adopt (or is
permitted to adopt and so adopts) a different accounting framework, including but not limited to the International Financial Reporting
Standards, “GAAP” shall mean such new accounting framework as in effect from time to time, including, without limitation,
in each case, those accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American
Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as approved by a significant segment of the accounting profession. If at any time any change in GAAP
would affect the computation of any financial ratio or requirement set forth in this Agreement, and either the Company or the Holders
of a majority of outstanding notes shall so request, the Company and the Holders of a majority of outstanding notes shall negotiate in
good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the
approval of the Holders of a majority of outstanding notes); provided that, until so amended, (i) such ratio or requirement shall continue
to be computed in accordance with GAAP prior to such change therein and (ii) the Company shall provide to the holders financial statements
and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations
of such ratio or requirement made before and after giving effect to such change in GAAP.

 

Global
Security:

 

The
term “Global Security” shall mean any Security that evidences all or part of a series of Securities, issued in fully-registered
certificated form to the Depositary for such series in accordance with Section 3.03 and bearing the legend prescribed in Section 3.03(g).

 

Holder;
Holder of Securities:

 

The
terms “Holder” and “Holder of Securities” are defined under “Securityholder; Holder of Securities; Holder.”

 

Indebtedness:

 

The
term “Indebtedness” shall mean any and all obligations of a Person for money borrowed which, in accordance with GAAP, would
be reflected on the balance sheet of such Person as a liability on the date as of which Indebtedness is to be determined.

 

Indenture:

 

The
term “Indenture” or “this Indenture” shall mean this instrument as originally executed or as it may from time
to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof,
including, for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust Indenture Act that are
deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture”
shall also include the terms of particular series of Securities established as contemplated by Section 3.01; provided, however, that
if at any time more than one Person is acting as Trustee under this Indenture due to the appointment of one or more separate Trustees
for any one or more separate series of Securities, “Indenture” shall mean, with respect to such series of Securities for
which any such Person is Trustee, this instrument as originally executed or as it may from time to time be supplemented or amended by
one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular
series of Securities for which such Person is Trustee established as contemplated by Section 3.01, exclusive, however, of any provisions
or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms or provisions
were adopted, and exclusive of any provisions or terms adopted by means of one or more indentures supplemental hereto executed and delivered
after such person had become such Trustee, but to which such person, as such Trustee, was not a party; provided, further that in the
event that this Indenture is supplemented or amended by one or more indentures supplemental hereto which are only applicable to certain
series of Securities, the term “Indenture” for a particular series of Securities shall only include the supplemental indentures
applicable thereto.

 

    5

     

    

 

Individual
Securities:

 

The
term “Individual Securities” shall have the meaning specified in Section 3.01(p).

 

Interest:

 

The
term “interest” shall mean, unless the context otherwise requires, interest payable on any Securities, and with respect to
an Original Issue Discount Security that by its terms bears interest only after Maturity, interest payable after Maturity.

 

Interest
Payment Date:

 

The
term “Interest Payment Date” shall mean, with respect to any Security, the Stated Maturity of an installment of interest
on such Security.

 

Mandatory
Sinking Fund Payment:

 

The
term “Mandatory Sinking Fund Payment” shall have the meaning assigned to it in Section 5.01(b).

 

Maturity:

 

The
term “Maturity,” with respect to any Security, shall mean the date on which the principal of such Security shall become due
and payable as therein and herein provided, whether by declaration, call for redemption or otherwise.

 

Members:

 

The
term “Members” shall have the meaning assigned to it in Section 3.03(i).

 

Officer:

 

The
term “Officer” shall mean the Chairman of the Board of Directors, the Chief Executive Officer, the Chief Commercial Officer,
the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Assistant Secretary and any
Vice President of the Company.

 

    6

     

    

 

Officer’s
Certificate:

 

The
term “Officer’s Certificate” shall mean a certificate signed by any Officer and delivered to the Trustee. Each such
certificate shall include the statements provided for in Section 16.01 if and to the extent required by the provisions of such Section.

 

Opinion
of Counsel:

 

The
term “Opinion of Counsel” shall mean an opinion in writing signed by one or more legal counsel, who may be an employee of
or of counsel to the Company, and meets the requirements provided for in Section 16.01.

 

Optional
Sinking Fund Payment:

 

The
term “Optional Sinking Fund Payment” shall have the meaning assigned to it in Section 5.01(b).

 

Original
Issue Discount Security:

 

The
term “Original Issue Discount Security” shall mean any Security that is issued with “original issue discount”
within the meaning of Section 1273(a) of the Code and the regulations thereunder, or any successor provision, and any other Security
designated by the Company as issued with original issue discount for United States federal income tax purposes.

 

Outstanding:

 

The
term “Outstanding,” when used with respect to Securities means, as of the date of determination, all Securities theretofore
authenticated and delivered under this Indenture, except:

 

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

 

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

 

(c)
Securities that have been paid pursuant to Section 3.07(b) or in exchange for or in lieu of which other Securities have been authenticated
and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to a Responsible
Officer of the Trustee proof satisfactory to it that such Securities are held by a protected purchaser in whose hands such Securities
are valid obligations of the Company;

 

    7

     

    

 

provided,
however, that in determining whether the Holders of the requisite principal amount of Securities of a series Outstanding have performed
any action hereunder, Securities owned by the Company or any other obligor upon the Securities of such series or any Affiliate of the
Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee
shall be protected in relying upon any such action, only Securities of such series that a Responsible Officer of the Trustee actually
knows to be so owned shall be so disregarded. Securities so owned that have been pledged in good faith may be regarded as Outstanding
if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right to act with respect to such Securities and that
the pledgee is not the Company or any other obligor upon such Securities or any Affiliate of the Company or of such other obligor. In
determining whether the Holders of the requisite principal amount of Outstanding Securities of a series have performed any action hereunder,
the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding for such purpose shall be the amount
of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the
Maturity thereof pursuant to Section 7.02 and the principal amount of a Security denominated in a Foreign Currency that shall be deemed
to be Outstanding for such purpose shall be the amount calculated pursuant to Section 3.11(b).

 

Paying
Agent:

 

The
term “Paying Agent” shall have the meaning assigned to it in Section 6.02(a).

 

Person:

 

The
term “Person” shall mean any individual, a corporation, a limited liability company, a partnership, an association, a joint
stock company, a trust, an unincorporated organization or a government or an agency or political subdivision thereof or other entity.

 

Place
of Payment:

 

The
term “Place of Payment” shall mean, when used with respect to the Securities of any series, the place or places where the
principal of and premium, if any, and interest on the Securities of that series are payable as specified pursuant to Section 3.01.

 

Predecessor
Security:

 

The
term “Predecessor Security” shall mean, with respect to any Security, every previous Security evidencing all or a portion
of the same Indebtedness as that evidenced by such particular Security, and, for the purposes of this definition, any Security authenticated
and delivered under Section 3.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same Indebtedness as
the lost, destroyed or stolen Security.

 

    8

     

    

 

Record
Date:

 

The
term “Record Date” shall mean, with respect to any interest payable on any Security on any Interest Payment Date, any date
specified in such Security or pursuant to Section 3.01 with respect to such Security as the record date for the payment of interest.

 

Redemption
Date:

 

The
term “Redemption Date” shall mean, when used with respect to any Security to be redeemed, in whole or in part, the date fixed
for such redemption by or pursuant to this Indenture and the terms of such Security, which, in the case of a Floating Rate Security,
unless otherwise specified pursuant to Section 3.01, shall be an Interest Payment Date only.

 

Redemption
Price:

 

The
term “Redemption Price,” when used with respect to any Security to be redeemed, in whole or in part, shall mean the price
at which it is to be redeemed pursuant to the terms of the applicable Security and this Indenture.

 

Register:

 

The
term “Register” shall have the meaning assigned to it in Section 3.05(a).

 

Registrar:

 

The
term “Registrar” shall have the meaning assigned to it in Section 3.05(a).

 

Responsible
Officers:

 

The
term “Responsible Officers” of the Trustee hereunder shall mean any vice president, any assistant vice president, any trust
officer, any assistant trust officer, secretary, associate or any other officer associated with the corporate trust department of the
Trustee customarily performing functions similar to those performed by any of the above designated officers, and also means, with respect
to a particular corporate trust matter, any other officer of the Trustee to whom such matter is referred because of such person’s
knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture.

 

SEC:

 

The
term “SEC” shall mean the United States Securities and Exchange Commission, as constituted from time to time.

 

Security:

 

The
term “Security” or “Securities” shall have the meaning stated in the recitals and shall more particularly mean
one or more of the Securities duly authenticated by the Trustee and delivered pursuant to the provisions of this Indenture.

 

    9

     

    

 

Security
Custodian:

 

The
term “Security Custodian” shall mean the custodian with respect to any Global Security appointed by the Depositary, or any
successor Person thereto, and shall initially be the Trustee.

 

Securityholder;
Holder of Securities; Holder:

 

The
term “Securityholder” or “Holder of Securities” or “Holder,” shall mean the Person in whose name
Securities shall be registered in the Register kept for that purpose hereunder.

 

Senior
Indebtedness:

 

The
term “Senior Indebtedness” means the principal of (and premium, if any) and unpaid interest on (x) Indebtedness of the Company,
whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed other than (a) any
Indebtedness of the Company which when incurred, and without respect to any election under Section 1111(b) of the Federal Bankruptcy
Code, was without recourse to the Company, (b) any Indebtedness of the Company to any of its Subsidiaries, (c) Indebtedness to any employee
of the Company, (d) any liability for taxes, (e) Trade Payables and (f) any Indebtedness of the Company which is expressly subordinate
in right of payment to any other Indebtedness of the Company, and (y) renewals, extensions, modifications and refundings of any such
Indebtedness. For purposes of the foregoing and the definition of “Senior Indebtedness,” the phrase “subordinated in
right of payment” means debt subordination only and not lien subordination, and accordingly, (i) unsecured indebtedness shall not
be deemed to be subordinated in right of payment to secured indebtedness merely by virtue of the fact that it is unsecured, and (ii)
junior liens, second liens and other contractual arrangements that provide for priorities among Holders of the same or different issues
of indebtedness with respect to any collateral or the proceeds of collateral shall not constitute subordination in right of payment.
This definition may be modified or superseded by a supplemental indenture.

 

Special
Record Date:

 

The
term “Special Record Date” shall have the meaning assigned to it in Section 3.08(b)(i).

 

Stated
Maturity:

 

The
term “Stated Maturity” when used with respect to any Security or any installment of interest thereon, shall mean the date
specified in such Security or pursuant to Section 3.01 with respect to such Security as the fixed date on which the principal (or any
portion thereof) of or premium, if any, on such Security or such installment of interest is due and payable.

 

Subsidiary:

 

The
term “Subsidiary,” when used with respect to any Person, shall mean with respect to any Person, a corporation, partnership
association, joint venture, trust, limited liability company or other business entity which is required to be consolidated with such
Person in accordance with GAAP.

 

    10

     

    

 

Successor
Company:

 

The
term “Successor Company” shall have the meaning assigned to it in Section 3.06(i).

 

Trade
Payables:

 

The
term “Trade Payables” means accounts payable or any other Indebtedness or monetary obligations to trade creditors created
or assumed by the Company or any Subsidiary of the Company in the ordinary course of business (including guarantees thereof or instruments
evidencing such liabilities).

 

Trust
Indenture Act; TIA:

 

The
term “Trust Indenture Act” or “TIA” shall mean the Trust Indenture Act of 1939, as amended, and the rules and
regulations thereunder as in effect on the date of this Indenture, except as provided in Section 14.06 and except to the extent any amendment
to the Trust Indenture Act expressly provides for application of the Trust Indenture Act as in effect on another date.

 

Trustee:

 

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

 

U.S.
Dollars:

 

The
term “U.S. Dollars” shall mean such currency of the United States as at the time of payment shall be legal tender for the
payment of public and private debts.

 

U.S.
Government Obligations:

 

The
term “U.S. Government Obligations” shall have the meaning assigned to it in Section 12.03.

 

United
States:

 

The
term “United States” shall mean the United States of America, its territories and possessions, any State of the United States
and the District of Columbia.

 

    11

     

    

 

ARTICLE
II

 

FORMS OF SECURITIES

 

Section
2.01 Terms of the Securities.

 

(a)
The Securities of each series shall be substantially in the form set forth in a Board Resolution, a Company Order or in one or more indentures
supplemental hereto, and shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted
by this Indenture, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements
placed thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required
to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange
on which any series of the Securities may be listed or of any automated quotation system on which any such series may be quoted, or to
conform to usage, all as determined by any of the officers executing such Securities as conclusively evidenced by their execution of
such Securities.

 

(b)
The terms and provisions of the Securities shall constitute, and are hereby expressly made, a part of this Indenture, and, to the extent
applicable, the Company and the Trustee, by their execution and delivery of this Indenture expressly agree to such terms and provisions
and to be bound thereby.

 

Section
2.02 Form of Trustee’s Certificate of Authentication.

 

(a)
Only such of the Securities as shall bear thereon a certificate substantially in the form of the Trustee’s certificate of authentication
hereinafter recited, executed by the Trustee by manual signature, shall be valid or become obligatory for any purpose or entitle the
Holder thereof to any right or benefit under this Indenture.

 

(b)
Each Security shall be dated the date of its authentication, except that any Global Security shall be dated as of the date specified
as contemplated in Section 3.01.

 

(c)
The form of the Trustee’s certificate of authentication to be borne by the Securities shall be substantially as follows:

 

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

 

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

 

	Date of authentication: ___________	___________, as Trustee
	 	 
	 	By:	 
	 	 	Authorized Signatory

 

    12

     

    

 

Section
2.03 Form of Trustee’s Certificate of Authentication by an Authenticating Agent. If at any time there shall be an Authenticating
Agent appointed with respect to any series of Securities, then the Trustee’s Certificate of Authentication by such Authenticating
Agent to be borne by Securities of each such series shall be substantially as follows:

 

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

 

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

 

	Date of authentication: ___________	___________, as Trustee
	 	 
	 	By:	 
	 	 	as
        Authenticating Agent

	 	 	 
	 	By:	 
	 	 	Authorized Signatory

 

ARTICLE
III

 

THE DEBT SECURITIES

 

Section
3.01 Amount Unlimited; Issuable in Series. The aggregate principal amount of Securities that may be authenticated and delivered
under this Indenture is unlimited. The Securities may be issued in one or more series. The title and terms on each series of Securities
shall be as set forth in a Board Resolution, Company Order or in one or more indentures supplemental hereto, prior to the issuance of
Securities of any series:

 

(a)
the title of the Securities of the series (which shall distinguish the Securities of such series from the Securities of all other series,
except to the extent that additional Securities of an existing series are being issued);

 

(b)
any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered under this Indenture
(except for Securities authenticated and delivered upon transfer of, or in exchange for, or in lieu of, other Securities of such series
pursuant to Section 3.04, 3.06, 3.07, 4.06, or 14.05);

 

(c)
the dates on which or periods during which the Securities of the series may be issued, and the dates on, or the range of dates within,
which the principal of and premium, if any, on the Securities of such series are or may be payable or the method by which such date or
dates shall be determined or extended;

 

    13

     

    

 

(d)
the rate or rates at which the Securities of the series shall bear interest, if any, or the method by which such rate or rates shall
be determined, whether such interest shall be payable in cash or additional Securities of the same series or shall accrue and increase
the aggregate principal amount outstanding of such series (including if such Securities were originally issued at a discount), the date
or dates from which such interest shall accrue, or the method by which such date or dates shall be determined, the Interest Payment Dates
on which any such interest shall be payable, and the Record Dates for the determination of Holders to whom interest is payable on such
Interest Payment Dates or the method by which such date or dates shall be determined, the right, if any, to extend or defer interest
payments and the duration of such extension or deferral;

 

(e)
if other than U.S. Dollars, the Foreign Currency in which Securities of the series shall be denominated or in which payment of the principal
of, premium, if any, or interest on the Securities of the series shall be payable and any other terms concerning such payment;

 

(f)
if the amount of payment of principal of, premium, if any, or interest on the Securities of the series may be determined with reference
to an index, formula or other method including, but not limited to, an index based on a Currency or Currencies other than that in which
the Securities are stated to be payable, the manner in which such amounts shall be determined;

 

(g)
if the principal of, premium, if any, or interest on Securities of the series are to be payable, at the election of the Company or a
Holder thereof, in a Currency other than that in which the Securities are denominated or stated to be payable without such election,
the period or periods within which, and the terms and conditions upon which, such election may be made and the time and the manner of
determining the exchange rate between the Currency in which the Securities are denominated or payable without such election and the Currency
in which the Securities are to be paid if such election is made;

 

(h)
the place or places, if any, in addition to or instead of the Corporate Trust Office of the Trustee where the principal of, premium,
if any, and interest on Securities of the series shall be payable, and where Securities of any series may be presented for registration
of transfer, exchange or conversion, and the place or places where notices and demands to or upon the Company in respect of the Securities
of such series may be made;

 

(i)
the price or prices at which, the period or periods within which or the date or dates on which, and the terms and conditions upon which
Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that option;

 

(j)
the obligation or right, if any, of the Company to redeem, purchase or repay Securities of the series pursuant to any sinking fund, amortization
or analogous provisions or at the option of a Holder thereof and the price or prices at which, the period or periods within which or
the date or dates on which, the Currency or Currencies in which and the terms and conditions upon which Securities of the series shall
be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation;

 

    14

     

    

 

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

 

(l)
if other than the principal amount thereof, the portion of the principal amount of the Securities of the series which shall be payable
upon declaration of acceleration of the Maturity thereof pursuant to Section 7.02;

 

(m)
the guarantors, if any, of the Securities of the series, and the extent of the guarantees (including provisions relating to seniority,
subordination, and the release of the guarantors), if any, and any additions or changes to permit or facilitate guarantees of such Securities;

 

(n)
whether the Securities of the series are to be issued as Original Issue Discount Securities and the amount of discount with which such
Securities may be issued;

 

(o)
if the provisions of Article XII hereof shall not be applicable with respect to the Securities of such series; or any addition to or
change in the provisions of Article XII and, if the Securities of any series are payable in a Currency other than U.S. Dollars, the Currency
or the nature of the government obligations to be deposited with the Trustee pursuant to Section 12.08;

 

(p)
whether the Securities of the series are to be issued in whole or in part in the form of one or more Global Securities and, in such case,
the Depositary for such Global Security or Global Securities, and the terms and conditions, if any, upon which interests in such Global
Security or Global Securities may be exchanged in whole or in part for the individual securities represented thereby in definitive form
registered in the name or names of Persons other than such Depositary or a nominee or nominees thereof (“Individual Securities”);

 

(q)
the date as of which any Global Security of the series shall be dated if other than the original issuance of the first Security of the
series to be issued;

 

(r)
the form or forms of the Securities of the series including such legends as may be required by applicable law;

 

(s)
if the Securities of the series are to be convertible into or exchangeable for any securities or property of any Person (including the
Company), the terms and conditions upon which such Securities will be so convertible or exchangeable, and any additions or changes, if
any, to permit or facilitate such conversion or exchange;

 

(t)
whether the Securities of such series are subject to subordination and the terms of such subordination (for avoidance of doubt, Article
XV shall not apply to the Securities of any series unless the terms of such series expressly state it applies);

 

(u)
whether the Securities of such series are to be secured and the terms of such security;

 

(v)
any restriction or condition on the transferability of the Securities of such series;

 

    15

     

    

 

(w)
any addition or change in the provisions related to compensation and reimbursement of the Trustee which applies to Securities of such
series;

 

(x)
any addition or change in the provisions related to supplemental indentures set forth in Sections 14.01, 14.02 and 14.04 which applies
to Securities of such series;

 

(y)
provisions, if any, granting special rights to Holders upon the occurrence of specified events;

 

(z)
any addition to or change in the Events of Default which applies to any Securities of the series and any change in the right of the Trustee
or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 7.02 and any
addition or change in the provisions set forth in Article VII which applies to Securities of the series;

 

(aa)
any addition to or change in the covenants set forth in Article VI which applies to Securities of the series; and

 

(bb)
any other terms of the Securities of such series (which terms shall not be inconsistent with the provisions of the TIA, but may modify,
amend, supplement or delete any of the terms of this Indenture with respect to such series).

 

All
Securities of any one series shall be substantially identical, except as to denomination and except as may otherwise be provided herein
or set forth in a Board Resolution, a Company Order or in one or more indentures supplemental hereto.

 

Unless
otherwise specified with respect to the Securities of any series pursuant to this Section 3.01, the Company may, at its option, at any
time and from time to time, issue additional Securities of any series of Securities previously issued under this Indenture which together
shall constitute a single series of Securities under this Indenture.

 

Section
3.02 Denominations. In the absence of any specification pursuant to Section 3.01 with respect to Securities of any series, the
Securities of such series shall be issuable only as Securities in minimum denominations of $2,000 and any integral multiple of $1,000
in excess thereof, and shall be payable only in U.S. Dollars.

 

Section
3.03 Execution, Authentication, Delivery and Dating.

 

(a)
The Securities shall be executed in the name and on behalf of the Company by the manual or facsimile signature of any Officer. If the
Person whose signature is on a Security no longer holds that office at the time the Security is authenticated and delivered, the Security
shall nevertheless be valid.

 

(b)
At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series
executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such
Securities and, if required pursuant to Section 3.01, a supplemental indenture or Company Order setting forth the terms of the Securities
of a series. The Trustee shall thereupon authenticate and deliver such Securities without any further action by the Company. The Company
Order shall specify the amount of Securities to be authenticated and the date on which the original issue of Securities is to be authenticated.

 

    16

     

    

 

(c)
In authenticating the first Securities of any series and accepting the additional responsibilities under this Indenture in relation to
such Securities the Trustee shall receive, and (subject to Section 11.02) shall be fully protected in relying upon an Officer’s
Certificate and an Opinion of Counsel, each prepared in accordance with Section 16.01 stating that the conditions precedent, if any,
provided for in the Indenture have been complied with.

 

(d)
The Trustee shall have the right to decline to authenticate and deliver the Securities under this Section 3.03 if the issue of the Securities
pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or
otherwise in a manner which is not reasonably acceptable to the Trustee.

 

(e)
Each Security shall be dated the date of its authentication, except as otherwise provided pursuant to Section 3.01 with respect to the
Securities of such series.

 

(f)
Notwithstanding the provisions of Section 3.01 and of this Section 3.03, if all of the Securities of any series are not to be originally
issued at the same time, then the documents required to be delivered pursuant to this Section 3.03 must be delivered only once prior
to the authentication and delivery of the first Security of such series;

 

(g)
If the Company shall establish pursuant to Section 3.01 that the Securities of a series are to be issued in whole or in part in the form
of one or more Global Securities, then the Company shall execute and the Trustee shall authenticate and deliver one or more Global Securities
that (i) shall represent an aggregate amount equal to the aggregate principal amount of the Outstanding Securities of such series to
be represented by such Global Securities, (ii) shall be registered, in the name of the Depositary for such Global Security or Global
Securities or the nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s
instruction and (iv) shall bear a legend substantially to the following effect:

 

“THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY
OR A NOMINEE OF THE DEPOSITARY, WHICH SHALL BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS
SECURITY FOR ALL PURPOSES.

 

    17

     

    

 

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

 

TRANSFERS
OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, OR
BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.”

 

The
aggregate principal amount of each Global Security may from time to time be increased or decreased by adjustments made on the records
of the Security Custodian, as provided in this Indenture.

 

(h)
Each Depositary designated pursuant to Section 3.01 for a Global Security in registered form must, at the time of its designation and
at all times while it serves as such Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute
or regulation.

 

(i)
Members of, or participants in, the Depositary (“Members”) shall have no rights under this Indenture with respect to any
Global Security held on their behalf by the Depositary or by the Security Custodian under such Global Security, and the Depositary shall
be treated by the Company, the Trustee, the Paying Agent and the Registrar and any of their agents as the absolute owner of such Global
Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee, the Paying
Agent or the Registrar or any of their agents from giving effect to any written certification, proxy or other authorization furnished
by the Depositary or impair, as between the Depositary and its Members, the operation of customary practices of the Depositary governing
the exercise of the rights of an owner of a beneficial interest in any Global Security. The Holder of a Global Security may grant proxies
and otherwise authorize any Person, including Members and Persons that may hold interests through Members, to take any action that a
Holder is entitled to take under this Indenture or the Securities.

 

(j)
No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such
Security a certificate of authentication substantially in one of the forms provided for herein duly executed by the Trustee or by an
Authenticating Agent by manual or facsimile signature of an authorized signatory of the Trustee or Authenticating Agent, and such certificate
upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder
and is entitled to the benefits of this Indenture.

 

    18

     

    

 

Section
3.04 Temporary Securities.

 

(a)
Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate
and deliver, temporary Securities that are printed, lithographed, typewritten, mimeographed or otherwise reproduced, in any authorized
denominations, substantially of the tenor of the definitive Securities in lieu of which they are issued, in registered form and with
such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as
conclusively evidenced by their execution of such Securities. Any such temporary Security may be in the form of one or more Global Securities,
representing all or a portion of the Outstanding Securities of such series. Every such temporary Security shall be executed by the Company
and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same
effect, as the definitive Security or Securities in lieu of which it is issued.

 

(b)
If temporary Securities of any series are issued, the Company will cause definitive Securities of such series to be prepared without
unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable
for definitive Securities of such series upon surrender of such temporary Securities at the office or agency of the Company in a Place
of Payment for such series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of
any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of
definitive Securities of the same series of authorized denominations and of like tenor. Until so exchanged, the temporary Securities
of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series.

 

(c)
Upon any exchange of a portion of a temporary Global Security for a definitive Global Security or for the Individual Securities represented
thereby pursuant to this Section 3.04 or Section 3.06, the temporary Global Security shall be endorsed by the Trustee to reflect the
reduction of the principal amount evidenced thereby, whereupon the principal amount of such temporary Global Security shall be reduced
for all purposes by the amount so exchanged and endorsed.

 

Section
3.05 Registrar.

 

(a)
The Company will keep, at an office or agency to be maintained by it in a Place of Payment where Securities may be presented for registration
or presented and surrendered for registration of transfer or of exchange, and where Securities of any series that are convertible or
exchangeable may be surrendered for conversion or exchange, as applicable (the “Registrar”), a security register for the
registration and the registration of transfer or of exchange of the Securities (the registers maintained in such office and in any other
office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the “Register”),
as in this Indenture provided, which Register shall at all reasonable times be open for inspection by the Trustee. Such Register shall
be in written form or in any other form capable of being converted into written form within a reasonable time. The Company may have one
or more co-Registrars; the term “Registrar” includes any co-registrar.

 

(b)
The Company shall enter into an appropriate agency agreement with any Registrar or co-Registrar not a party to this Indenture. The agreement
shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee of the name and address
of each such agent. If the Company fails to maintain a Registrar for any series, the Trustee shall act as such and shall be entitled
to appropriate compensation therefor pursuant to Section 11.01. The Company or any Affiliate thereof may act as Registrar, co-Registrar
or transfer agent.

 

(c)
The Company hereby appoints the Trustee at its Corporate Trust Office as Registrar in connection with the Securities and this Indenture,
until such time as another Person is appointed as such.

 

    19

     

    

 

Section
3.06 Transfer and Exchange.

 

(a)
Transfer.

 

(i)
Upon surrender for registration of transfer of any Security of any series at the Registrar the Company shall execute, and the Trustee
or any Authenticating Agent shall authenticate and deliver, in the name of the designated transferee, one or more new Securities of the
same series for like aggregate principal amount of any authorized denomination or denominations. The transfer of any Security shall not
be valid as against the Company or the Trustee unless registered at the Registrar at the request of the Holder, or at the request of
his, her or its attorney duly authorized in writing.

 

(ii)
Notwithstanding any other provision of this Section, unless and until it is exchanged in whole or in part for the Individual Securities
represented thereby, a Global Security representing all or a portion of the Securities of a series may not be transferred except as a
whole by the Depositary for such series to a nominee of such Depositary or by a nominee of such Depositary to such Depositary or another
nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor
Depositary.

 

(b)
Exchange.

 

(i)
At the option of the Holder, Securities of any series (other than a Global Security, except as set forth below) may be exchanged for
other Securities of the same series for like aggregate principal amount of any authorized denomination or denominations, upon surrender
of the Securities to be exchanged at the Registrar.

 

(ii)
Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee or Authenticating Agent shall authenticate
and deliver, the Securities that the Holder making the exchange is entitled to receive.

 

(c)
Exchange of Global Securities for Individual Securities. Except as provided below, owners of beneficial interests in Global Securities
will not be entitled to receive Individual Securities.

 

    20

     

    

 

(i)
Individual Securities shall be issued to all owners of beneficial interests in a Global Security in exchange for such interests if: (A)
at any time the Depositary for the Securities of a series notifies the Company that it is unwilling or unable to continue as Depositary
for the Securities of such series or if at any time the Depositary for the Securities of such series shall no longer be eligible under
Section 3.03(h) and, in each case, a successor Depositary is not appointed by the Company within 90 days of such notice, or (B) the Company
executes and delivers to the Trustee and the Registrar a Company Order stating that such Global Security shall be so exchangeable.

 

In
connection with the exchange of an entire Global Security for Individual Securities pursuant to this subsection (c), such Global Security
shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of Individual Securities of such series, will authenticate and deliver to each beneficial
owner identified by the Depositary in exchange for its beneficial interest in such Global Security, an equal aggregate principal amount
of Individual Securities of authorized denominations.

 

(ii)
The owner of a beneficial interest in a Global Security will be entitled to receive an Individual Security in exchange for such interest
if an Event of Default has occurred and is continuing. Upon receipt by the Security Custodian and Registrar of instructions from the
Holder of a Global Security directing the Security Custodian and Registrar to (x) issue one or more Individual Securities in the amounts
specified to the owner of a beneficial interest in such Global Security and (y) debit or cause to be debited an equivalent amount of
beneficial interest in such Global Security, subject to the rules and regulations of the Depositary:

 

(A)
the Security Custodian and Registrar shall notify the Company and the Trustee of such instructions, identifying the owner and amount
of such beneficial interest in such Global Security;

 

(B)
the Company shall promptly execute and the Trustee, upon receipt of a Company Order for the authentication and delivery of Individual
Securities of such series, shall authenticate and deliver to such beneficial owner Individual Securities in an equivalent amount to such
beneficial interest in such Global Security; and

 

(C)
the Security Custodian and Registrar shall decrease such Global Security by such amount in accordance with the foregoing. In the event
that the Individual Securities are not issued to each such beneficial owner promptly after the Registrar has received a request from
the Holder of a Global Security to issue such Individual Securities, the Company expressly acknowledges, with respect to the right of
any Holder to pursue a remedy pursuant to Section 7.07 hereof, the right of any beneficial Holder of Securities to pursue such remedy
with respect to the portion of the Global Security that represents such beneficial Holder’s Securities as if such Individual Securities
had been issued.

 

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(iii)
If specified by the Company pursuant to Section 3.01 with respect to a series of Securities, the Depositary for such series of Securities
may surrender a Global Security for such series of Securities in exchange in whole or in part for Individual Securities of such series
on such terms as are acceptable to the Company and such Depositary. Thereupon, the Company shall execute, and the Trustee shall authenticate
and deliver, without service charge,

 

(A)
to each Person specified by such Depositary a new Individual Security or new Individual Securities of the same series, of any authorized
denomination as requested by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest
in the Global Security; and

 

(B)
to such Depositary a new Global Security in a denomination equal to the difference, if any, between the principal amount of the surrendered
Global Security and the aggregate principal amount of Individual Securities delivered to Holders thereof.

 

(iv)
In any exchange provided for in clauses (i) through (iii), the Company will execute and the Trustee will authenticate and deliver Individual
Securities in registered form in authorized denominations.

 

(v)
Upon the exchange in full of a Global Security for Individual Securities, such Global Security shall be canceled by the Trustee. Individual
Securities issued in exchange for a Global Security pursuant to this Section shall be registered in such names and in such authorized
denominations as the Depositary for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise,
shall instruct the Trustee. The Trustee shall deliver such Securities to the Persons in whose names such Securities are so registered.

 

(d)
All Securities issued upon any registration of transfer or exchange of Securities shall be valid obligations of the Company evidencing
the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered for such registration of transfer
or exchange.

 

(e)
Every Security presented or surrendered for registration of transfer, or for exchange or payment shall (if so required by the Company,
the Trustee or the Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory
to the Company, the Trustee and the Registrar, duly executed by the Holder thereof or by his, her or its attorney duly authorized in
writing.

 

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(f)
No service charge will be made for any registration of transfer or exchange of Securities. The Company or the Trustee may require payment
of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in connection with any registration
of transfer or exchange of Securities, other than those expressly provided in this Indenture to be made at the Company’s own expense
or without expense or charge to the Holders.

 

(g)
The Company shall not be required to (i) register, transfer or exchange Securities of any series during a period beginning at the opening
of business 15 days before the day of the transmission of a notice of redemption of Securities of such series selected for redemption
under Section 4.02 and ending at the close of business on the day of such transmission, or (ii) register, transfer or exchange any Security
so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part.

 

(h)
In case a successor Company (“Successor Company”) has executed an indenture supplemental hereto with the Trustee, any of the Securities previously authenticated or delivered may, from time to time, at the request of the Successor
Company, be exchanged for other Securities executed in the name of the Successor Company with such changes in phraseology and form as
may be appropriate, but otherwise identical to the Securities surrendered for such exchange and of like principal amount; and the Trustee,
upon Company Order of the Successor Company, shall authenticate and deliver Securities as specified in such order for the purpose of
such exchange. If Securities shall at any time be authenticated and delivered in any new name of a Successor Company pursuant to this
Section 3.06 in exchange or substitution for or upon registration of transfer of any Securities, such Successor Company, at the option
of the Holders but without expense to them, shall provide for the exchange of all Securities at the time Outstanding for Securities authenticated
and delivered in such new name.

 

(i)
The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed
under this Indenture or under applicable law with respect to any transfer of any interest in any Security other than to require delivery
of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by
the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

 

(j)
Neither the Trustee nor any agent of the Trustee shall have any responsibility for any actions taken or not taken by the Depositary.

 

Section
3.07 Mutilated, Destroyed, Lost and Stolen Securities.

 

(a)
If (i) any mutilated Security is surrendered to the Trustee at its Corporate Trust Office or (ii) the Company and the Trustee receive
evidence to their satisfaction of the destruction, loss or theft of any Security, and there is delivered to the Company and the Trustee
security or indemnity satisfactory to them to save each of them and any Paying Agent harmless, and neither the Company nor the Trustee
receives notice that such Security has been acquired by a protected purchaser, then the Company shall execute and upon Company Order
the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Security, a new
Security of the same series and of like tenor, form, terms and principal amount, bearing a number not contemporaneously outstanding,
such that neither gain nor loss in interest shall result from such exchange or substitution.

 

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(b)
In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Security, pay the amount due on such Security in accordance with its terms.

 

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

 

(d)
Every new Security of any series issued pursuant to this Section shall constitute an original additional contractual obligation of the
Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all
the benefits of this Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder.

 

(e)
The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to
the replacement or payment of mutilated, destroyed, lost or stolen Securities.

 

Section
3.08 Payment of Interest; Interest Rights Preserved.

 

(a)
Interest on any Security that is payable and is punctually paid or duly provided for on any Interest Payment Date shall be paid to the
Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Record Date
for such interest notwithstanding the cancellation of such Security upon any transfer or exchange subsequent to the Record Date. Payment
of interest on Securities shall be made at the Corporate Trust Office (except as otherwise specified pursuant to Section 3.01) or, at
the option of the Company, by check mailed to the address of the Person entitled thereto as such address shall appear in the Register
or, in accordance with arrangements satisfactory to the Trustee, by wire transfer to an account designated by the Holder.

 

(b)
Any interest on any Security that is payable but is not punctually paid or duly provided for on any Interest Payment Date (herein called
“Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Record Date by virtue of his, her
or its having been such a Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in
clause (i) or (ii) below:

 

(i)
The Company may elect to make payment of any Defaulted Interest to the Persons in whose names such Securities (or their respective Predecessor
Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest (a “Special
Record Date”), which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted
Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall deposit
with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall
make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to
be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee
shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 calendar days and not less
than 10 calendar days prior to the date of the proposed payment and not less than 10 calendar days after the receipt by the Trustee of
the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at
the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor
to be mailed, first-class postage prepaid, to the Holders of such Securities at their addresses as they appear in the Register, not less
than 10 calendar days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record
Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or
their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable
pursuant to the following clause (ii).

 

(ii)
The Company may make payment of any Defaulted Interest on Securities in any other lawful manner not inconsistent with the requirements
of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after
notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable
by the Trustee.

 

(c)
Subject to the provisions set forth herein relating to Record Dates, each Security delivered pursuant to any provision of this Indenture
in exchange or substitution for, or upon registration of transfer of, any other Security shall carry all the rights to interest accrued
and unpaid, and to accrue, which were carried by such other Security.

 

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Section
3.09 Cancellation. Unless otherwise specified pursuant to Section 3.01 for Securities of any series, all Securities surrendered
for payment, redemption, registration of transfer or exchange or credit against any sinking fund or otherwise shall, if surrendered to
any Person other than the Trustee, be delivered to the Trustee for cancellation and shall be promptly canceled by it and, if surrendered
to the Trustee, shall be promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities
previously authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Securities so delivered
shall be promptly canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled
as provided in this Section, except as expressly permitted by this Indenture. The Trustee shall dispose of all canceled Securities held
by it in accordance with its then customary procedures and deliver a certificate of such disposal to the Company upon its request therefor.
The acquisition of any Securities by the Company shall not operate as a redemption or satisfaction of the Indebtedness represented thereby
unless and until such Securities are surrendered to the Trustee for cancellation.

 

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

 

Section
3.11 Currency of Payments in Respect of Securities.

 

(a)
Except as otherwise specified pursuant to Section 3.01 for Securities of any series, payment of the principal of and premium, if any,
and interest on Securities of such series will be made in U.S. Dollars.

 

(b)
For purposes of any provision of the Indenture where the Holders of Outstanding Securities may perform an action that requires that a
specified percentage of the Outstanding Securities of all series perform such action and for purposes of any decision or determination
by the Trustee of amounts due and unpaid for the principal of and premium, if any, and interest on the Securities of all series in respect
of which moneys are to be disbursed ratably, the principal of and premium, if any, and interest on the Outstanding Securities denominated
in a Foreign Currency will be the amount in U.S. Dollars based upon exchange rates, determined as specified pursuant to Section 3.01
for Securities of such series, as of the date for determining whether the Holders entitled to perform such action have performed it or
as of the date of such decision or determination by the Trustee, as the case may be.

 

(c)
Any decision or determination to be made regarding exchange rates shall be made by an agent appointed by the Company; provided, that
such agent shall accept such appointment in writing and the terms of such appointment shall, in the opinion of the Company at the time
of such appointment, require such agent to make such determination by a method consistent with the method provided pursuant to Section
3.01 for the making of such decision or determination. All decisions and determinations of such agent regarding exchange rates shall,
in the absence of manifest error, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee and all Holders
of the Securities.

 

Section
3.12 Judgments. The Company may provide pursuant to Section 3.01 for Securities of any series that (a) the obligation, if any,
of the Company to pay the principal of, premium, if any, and interest on the Securities of any series in a Foreign Currency or U.S. Dollars
(the “Designated Currency”) as may be specified pursuant to Section 3.01 is of the essence and agrees that, to the fullest
extent possible under applicable law, judgments in respect of such Securities shall be given in the Designated Currency; (b) the obligation
of the Company to make payments in the Designated Currency of the principal of and premium, if any, and interest on such Securities shall,
notwithstanding any payment in any other Currency (whether pursuant to a judgment or otherwise), be discharged only to the extent of
the amount in the Designated Currency that the Holder receiving such payment may, in accordance with normal banking procedures, purchase
with the sum paid in such other Currency (after any premium and cost of exchange) on the business day in the country of issue of the
Designated Currency or in the international banking community (in the case of a composite currency) immediately following the day on
which such Holder receives such payment; (c) if the amount in the Designated Currency that may be so purchased for any reason falls short
of the amount originally due, the Company shall pay such additional amounts as may be necessary to compensate for such shortfall; and
(d) any obligation of the Company not discharged by such payment shall be due as a separate and independent obligation and, until discharged
as provided herein, shall continue in full force and effect.

 

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Section
3.13 CUSIP Numbers. The Company in issuing any Securities may use CUSIP, ISIN or other similar numbers, if then generally in use,
and thereafter with respect to such series, the Trustee may use such numbers in any notice of redemption or exchange with respect to
such series provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed
on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers
printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will
promptly notify the Trustee in writing of any change in the CUSIP, ISIN or other similar numbers.

 

ARTICLE
IV

 

REDEMPTION OF SECURITIES

 

Section
4.01 Applicability of Right of Redemption. Redemption of Securities (other than pursuant to a sinking fund, amortization or analogous
provision) permitted by the terms of any series of Securities shall be made (except as otherwise specified pursuant to Section 3.01 for
Securities of any series) in accordance with this Article; provided, however, that if any such terms of a series of Securities shall
conflict with any provision of this Article, the terms of such series shall govern.

 

Section
4.02 Selection of Securities to be Redeemed.

 

(a)
If the Company shall at any time elect to redeem all or any portion of the Securities of a series then Outstanding, it shall at least
30 days prior to the Redemption Date fixed by the Company (unless a shorter period shall be satisfactory to the Trustee) notify the Trustee
of such Redemption Date and of the principal amount of Securities to be redeemed, and thereupon the Trustee shall select, by lot or in
such other manner as the Trustee shall deem appropriate and which may provide for the selection for redemption of a portion of the principal
amount of any Security of such series; provided that the unredeemed portion of the principal amount of any Security shall be in an authorized
denomination (which shall not be less than the minimum authorized denomination) for such Security. In any case where more than one Security
of such series is registered in the same name, the Trustee may treat the aggregate principal amount so registered as if it were represented
by one Security of such series. The Trustee shall, as soon as practicable, notify the Company in writing of the Securities and portions
of Securities so selected.

 

(b)
For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall
relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security
that has been or is to be redeemed. If the Company shall so direct, Securities registered in the name of the Company, any Affiliate or
any Subsidiary thereof shall not be included in the Securities selected for redemption.

 

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Section
4.03 Notice of Redemption.

 

(a)
Notice of redemption shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense
of the Company, not less than 10 nor more than 30 days prior to the Redemption Date (unless a shorter period shall be satisfactory to
the Trustee), to the Holders of Securities of any series to be redeemed in whole or in part pursuant to this Article, in the manner provided
in Section 16.04. Any notice so given shall be conclusively presumed to have been duly given, whether or not the Holder receives such
notice. Failure to give such notice, or any defect in such notice to the Holder of any Security of a series designated for redemption,
in whole or in part, shall not affect the sufficiency of any notice of redemption with respect to the Holder of any other Security of
such series.

 

(b)
All notices of redemption shall identify the Securities to be redeemed (including CUSIP, ISIN or other similar numbers, if available
along with the statement in Section 3.13) and shall state:

 

(i)
such election by the Company to redeem Securities of such series pursuant to provisions contained in this Indenture or the terms of the
Securities of such series or a supplemental indenture establishing such series, if such be the case;

 

(ii)
the Redemption Date;

 

(iii)
the Redemption Price;

 

(iv)
if less than all Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial redemption,
the principal amounts) of the Securities of such series to be redeemed;

 

(v)
that on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed, and that, if applicable,
interest thereon shall cease to accrue on and after said date;

 

(vi)
the Place or Places of Payment where such Securities are to be surrendered for payment of the Redemption Price; and

 

(vii)
that the redemption is for a sinking fund, if such is the case.

 

Section
4.04 Deposit of Redemption Price. On or prior to 11:00 a.m., New York City time, on the Redemption Date for any Securities, the
Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold
in trust as provided in Section 6.03) an amount of money in the Currency in which such Securities are denominated (except as provided
pursuant to Section 3.01) sufficient to pay the Redemption Price of such Securities or any portions thereof that are to be redeemed on
that date.

 

    27

     

    

 

Section
4.05 Securities Payable on Redemption Date. Notice of redemption having been given as aforesaid, any Securities so to be redeemed
shall, on the Redemption Date, become due and payable at the Redemption Price and from and after such date (unless the Company shall
Default in the payment of the Redemption Price) such Securities shall cease to bear interest. Upon surrender of any such Security for
redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price; provided, however, that
(unless otherwise provided pursuant to Section 3.01) installments of interest that have a Stated Maturity on or prior to the Redemption
Date for such Securities shall be payable according to the terms of such Securities and the provisions of Section 3.08.

 

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

 

Section
4.06 Securities Redeemed in Part. Any Security that is to be redeemed only in part shall be surrendered at the Corporate Trust
Office or such other office or agency of the Company as is specified in the notice of redemption with, if the Company, the Registrar
or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company, the Registrar
and the Trustee duly executed by the Holder thereof or his, her or its attorney duly authorized in writing, and the Company shall execute,
and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of
the same series, of like tenor and form, of any authorized denomination as requested by such Holder in aggregate principal amount equal
to and in exchange for the unredeemed portion of the principal of the Security so surrendered; except that if a Global Security is so
surrendered, the Company shall execute, and the Trustee shall authenticate and deliver to the Depositary for such Global Security, without
service charge, a new Global Security in a denomination equal to and in exchange for the unredeemed portion of the principal of the Global
Security so surrendered. In the case of a Security providing appropriate space for such notation, at the option of the Holder thereof,
the Trustee, in lieu of delivering a new Security or Securities as aforesaid, may make a notation on such Security of the payment of
the redeemed portion thereof.

 

ARTICLE
V

 

SINKING FUNDS

 

Section
5.01 Applicability of Sinking Fund.

 

(a)
Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of
such series of Securities shall be made in accordance with such terms of such series of Securities and this Article, except as otherwise
specified pursuant to Article IV for Securities of such series, provided, however, that if any such terms of a series of Securities shall
conflict with any provision of this Article, the terms of such series shall govern.

 

(b)
The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “Mandatory
Sinking Fund Payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is
herein referred to as an “Optional Sinking Fund Payment.” If provided for by the terms of Securities of any series, the cash
amount of any Mandatory Sinking Fund Payment may be subject to reduction as provided in Section 5.02.

 

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Section
5.02 Mandatory Sinking Fund Obligation. The Company may, at its option, satisfy any Mandatory Sinking Fund Payment obligation,
in whole or in part, with respect to a particular series of Securities by (a) delivering to the Trustee Securities of such series in
transferable form theretofore purchased or otherwise acquired by the Company or redeemed at the election of the Company pursuant to Article
IV or (b) receiving credit for Securities of such series (not previously so credited) acquired by the Company and theretofore delivered
to the Trustee. The Trustee shall credit such Mandatory Sinking Fund Payment obligation with an amount equal to the Redemption Price
specified in such Securities for redemption through operation of the sinking fund and the amount of such Mandatory Sinking Fund Payment
shall be reduced accordingly. If the Company shall elect to so satisfy any Mandatory Sinking Fund Payment obligation, it shall deliver
to the Trustee not less than 45 days prior to the relevant sinking fund payment date an Officer’s Certificate, which shall designate
the Securities (and portions thereof, if any) so delivered or credited and which shall be accompanied by such Securities (to the extent
not theretofore delivered) in transferable form. In case of the failure of the Company, at or before the time so required, to give such
notice and deliver such Securities the Mandatory Sinking Fund Payment obligation shall be paid entirely in moneys.

 

Section
5.03 Optional Redemption at Sinking Fund Redemption Price. In addition to the sinking fund requirements of Section 5.02, to the
extent, if any, provided for by the terms of a particular series of Securities, the Company may, at its option, make an Optional Sinking
Fund Payment with respect to such Securities. Unless otherwise provided by such terms, (a) to the extent that the right of the Company
to make such Optional Sinking Fund Payment shall not be exercised in any year, it shall not be cumulative or carried forward to any subsequent
year, and (b) such optional payment shall operate to reduce the amount of any Mandatory Sinking Fund Payment obligation as to Securities
of the same series. If the Company intends to exercise its right to make such optional payment in any year it shall deliver to the Trustee
not less than 45 days prior to the relevant sinking fund payment date an Officer’s Certificate stating that the Company will exercise
such optional right, and specifying the amount which the Company will pay on or before the next succeeding sinking fund payment date.
Such Officer’s Certificate shall also state that no Event of Default has occurred and is continuing.

 

Section
5.04 Application of Sinking Fund Payment.

 

(a)
If the sinking fund payment or payments made in funds pursuant to either Section 5.02 or 5.03 with respect to a particular series of
Securities plus any unused balance of any preceding sinking fund payments made in funds with respect to such series shall exceed $50,000
(or a lesser sum if the Company shall so request, or such equivalent sum for Securities denominated other than in U.S. Dollars), it shall
be applied by the Trustee on the sinking fund payment date next following the date of such payment, unless the date of such payment shall
be a sinking fund payment date, in which case such payment shall be applied on such sinking fund payment date, to the redemption of Securities
of such series at the redemption price specified pursuant to Section 4.03(b). The Trustee shall select, in the manner provided in Section
4.02, for redemption on such sinking fund payment date, a sufficient principal amount of Securities of such series to absorb said funds,
as nearly as may be, and shall, at the expense and in the name of the Company, thereupon cause notice of redemption of the Securities
to be given in substantially the manner provided in Section 4.03(a) for the redemption of Securities in part at the option of the Company,
except that the notice of redemption shall also state that the Securities are being redeemed for the sinking fund. Any sinking fund moneys
not so applied by the Trustee to the redemption of Securities of such series shall be added to the next sinking fund payment received
in funds by the Trustee and, together with such payment, shall be applied in accordance with the provisions of this Section 5.04. Any
and all sinking fund moneys held by the Trustee on the last sinking fund payment date with respect to Securities of such series, and
not held for the payment or redemption of particular Securities of such series, shall be applied by the Trustee to the payment of the
principal of the Securities of such series at Maturity.

 

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(b)
On or prior to each sinking fund payment date, the Company shall pay to the Trustee a sum equal to all interest accrued to but not including
the date fixed for redemption on Securities to be redeemed on such sinking fund payment date pursuant to this Section 5.04.

 

(c)
The Trustee shall not redeem any Securities of a series with sinking fund moneys or mail any notice of redemption of Securities of such
series by operation of the sinking fund during the continuance of a Default in payment of interest on any Securities of such series or
of any Event of Default (other than an Event of Default occurring as a consequence of this paragraph) of which a Responsible Officer
of the Trustee has actual knowledge, except that if the notice of redemption of any Securities of such series shall theretofore have
been mailed in accordance with the provisions hereof, the Trustee shall redeem such Securities if funds sufficient for that purpose shall
be deposited with the Trustee in accordance with the terms of this Article. Except as aforesaid, any moneys in the sinking fund at the
time any such Default or Event of Default shall occur and any moneys thereafter paid into the sinking fund shall, during the continuance
of such Default or Event of Default, be held as security for the payment of all the Securities of such series; provided, however, that
in case such Default or Event of Default shall have been cured or waived as provided herein, such moneys shall thereafter be applied
on the next sinking fund payment date on which such moneys are required to be applied pursuant to the provisions of this Section 5.04.

 

ARTICLE
VI

 

PARTICULAR COVENANTS OF THE COMPANY

 

The
Company hereby covenants and agrees as follows:

 

Section
6.01 Payments of Securities. The Company will duly and punctually pay the principal of and premium, if any, on each series of
Securities, and the interest which shall have accrued thereon, at the dates and place and in the manner provided in the Securities and
in this Indenture.

 

Section
6.02 Paying Agent.

 

(a)
The Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities may be presented
or surrendered for payment, where Securities of such series may be surrendered for registration of transfer or exchange and where notices
and demands to or upon the Company in respect of the Securities and this Indenture may be served (the “Paying Agent”). The
Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If
at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and
the Company hereby appoints the Trustee as Paying Agent to receive all presentations, surrenders, notices and demands.

 

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(b)
The Company may also from time to time designate different or additional offices or agencies where the Securities of any series may be
presented or surrendered for any or all such purposes (in or outside of such Place of Payment), and may from time to time rescind any
such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations
described in the preceding paragraph. The Company will give prompt written notice to the Trustee of any such additional designation or
rescission of designation and of any change in the location of any such different or additional office or agency. The Company shall enter
into an appropriate agency agreement with any Paying Agent not a party to this Indenture. The agreement shall implement the provisions
of this Indenture that relate to such agent. The Company shall notify the Trustee of the name and address of each such agent. The Company
or any Affiliate thereof may act as Paying Agent.

 

Section
6.03 To Hold Payment in Trust.

 

(a)
If the Company or an Affiliate thereof shall at any time act as Paying Agent with respect to any series of Securities, then, on or before
the date on which the principal of and premium, if any, or interest on any of the Securities of that series by their terms or as a result
of the calling thereof for redemption shall become payable, the Company or such Affiliate will segregate and hold in trust for the benefit
of the Holders of such Securities or the Trustee a sum sufficient to pay such principal and premium, if any, or interest which shall
have so become payable until such sums shall be paid to such Holders or otherwise disposed of as herein provided, and will notify the
Trustee of its action or failure to act in that regard. Upon any proceeding under any federal bankruptcy laws with respect to the Company
or any Affiliate thereof, if the Company or such Affiliate is then acting as Paying Agent, the Trustee shall replace the Company or such
Affiliate as Paying Agent.

 

(b)
If the Company shall appoint, and at the time have, a Paying Agent for the payment of the principal of and premium, if any, or interest
on any series of Securities, then prior to 11:00 a.m., New York City time, on the date on which the principal of and premium, if any,
or interest on any of the Securities of that series shall become payable as aforesaid, whether by their terms or as a result of the calling
thereof for redemption, the Company will deposit with such Paying Agent a sum sufficient to pay such principal and premium, if any, or
interest, such sum to be held in trust for the benefit of the Holders of such Securities or the Trustee, and (unless such Paying Agent
is the Trustee), the Company or any other obligor of such Securities will promptly notify the Trustee of its payment or failure to make
such payment.

 

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(c)
If the Paying Agent shall be other than the Trustee, the Company will cause such Paying Agent to execute and deliver to the Trustee an
instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 6.03, that such Paying
Agent shall:

 

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

 

(ii)
give to the Trustee notice of any Default by the Company or any other obligor upon the Securities of that series in the making of any
payment of the principal of and premium, if any, or interest on the Securities of that series; and

 

(iii)
at any time during the continuance of any such Default, upon the written request of the Trustee, pay to the Trustee all sums so held
in trust by such Paying Agent.

 

(d)
Anything in this Section 6.03 to the contrary notwithstanding, the Company may at any time, for the purpose of obtaining a release, satisfaction
or discharge of this Indenture or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by the Company
or by any Paying Agent other than the Trustee as required by this Section 6.03, such sums to be held by the Trustee upon the same trusts
as those upon which such sums were held by the Company or such Paying Agent.

 

(e)
Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of and
premium, if any, or interest on any Security of any series and remaining unclaimed for two years after such principal and premium, if
any, or interest has become due and payable shall be paid to the Company upon Company Order along with any interest that has accumulated
thereon as a result of such money being invested at the direction of the Company, or (if then held by the Company) shall be discharged
from such trust, and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment
of such amounts without interest thereon, and all liability of the Trustee or such Paying Agent with respect to such trust money, and
all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent before
being required to make any such repayment, may at the expense of the Company cause to be published once, in a newspaper published in
the English language, customarily published on each Business Day and of general circulation in The City of New York, notice that such
money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication,
any unclaimed balance of such money then remaining will be repaid to the Company.

 

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Section
6.04 [reserved]

 

Section
6.05 Compliance Certificate. Except as otherwise provided as contemplated by Section 3.01 with respect to any series of Securities,
the Company shall furnish to the Trustee annually, within 120 days after the end of each fiscal year, a brief certificate from an Officer
as to his or her knowledge of the Company’s compliance with all conditions and covenants under this Indenture (which compliance
shall be determined without regard to any period of grace or requirement of notice provided under this Indenture) and, in the event of
any Default, specifying each such Default and the nature and status thereof of which such person may have knowledge. Such certificates
need not comply with Section 16.01 of this Indenture.

 

Section
6.06 Conditional Waiver by Holders of Securities. Anything in this Indenture to the contrary notwithstanding, the Company may
fail or omit in any particular instance to comply with a covenant or condition set forth herein with respect to any series of Securities
if the Company shall have obtained and filed with the Trustee, prior to the time of such failure or omission, evidence (as provided in
Article VIII) of the consent of the Holders of a majority in aggregate principal amount of the Securities of such series at the time
Outstanding (except as to a covenant or condition which under Section 14.02 cannot be modified or amended without the consent of the
Holder of each Outstanding Security of such series affected, in which case the consent of the Holder of each Outstanding Security of
such series affected shall be required), either waiving such compliance in such instance or generally waiving compliance with such covenant
or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, or impair
any right consequent thereon and, until such waiver shall have become effective, the obligations of the Company and the duties of the
Trustee in respect of any such covenant or condition shall remain in full force and effect.

 

Section
6.07 Statement by Officers as to Default. The Company shall deliver to the Trustee as soon as possible and in any event within
30 days after the Company becomes aware of the occurrence of any Event of Default or an event which, with the giving of notice or the
lapse of time or both, would constitute an Event of Default, an Officer’s Certificate setting forth the details of such Event of
Default or Default and the action which the Company proposes to take with respect thereto.

 

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ARTICLE
VII

 

REMEDIES OF TRUSTEE AND SECURITYHOLDERS

 

Section
7.01 Events of Default. Except where otherwise indicated by the context or where the term is otherwise defined for a specific
purpose, the term “Event of Default” as used in this Indenture with respect to Securities of any series shall mean any of
the following described events unless it is either inapplicable to a particular series or it is specifically deleted or modified in the
manner contemplated in Section 3.01:

 

(a)
the failure of the Company to pay any installment of interest on any Security of such series when and as the same shall become payable,
which failure shall have continued unremedied for a period of 30 days;

 

(b)
the failure of the Company to pay the principal of (and premium, if any, on) any Security of such series, when and as the same shall
become payable, whether at Maturity as therein expressed, by call for redemption (otherwise than pursuant to a sinking fund), upon acceleration
under this Indenture or otherwise;

 

(c)
the failure of the Company to pay a sinking fund installment, if any, when and as the same shall become payable by the terms of a Security
of such series, which failure shall have continued unremedied for a period of 30 days;

 

(d)
the failure of the Company, subject to the provisions of Section 6.06, to perform any covenants or satisfy any conditions contained in
this Indenture (or the terms of the Securities of such series or a supplemental indenture establishing such series) (other than a covenant
or condition which has been expressly included in this Indenture solely for the benefit of a series of Securities other than that series
and other than a covenant or condition a default in the performance of which is elsewhere in this Section 7.01 specifically addressed),
which failure shall not have been remedied, or without provision deemed to be adequate for the remedying thereof having been made, for
a period of 90 days after written notice shall have been given to the Company by the Trustee or shall have been given to the Company
and the Trustee by Holders of 25% or more in aggregate principal amount of the Securities of such series then Outstanding, specifying
such failure, requiring the Company to remedy the same and stating that such notice is a “Notice of Default” hereunder;

 

(e)
the entry by a court having jurisdiction in the premises of a decree or order for relief in respect of the Company in an involuntary
case under the federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency
or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee or sequestrator (or
similar official) of the Company or of substantially all the property of the Company or ordering the winding-up or liquidation of its
affairs and such decree or order shall remain unstayed and in effect for a period of 90 consecutive days;

 

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(f)
the commencement by the Company of a voluntary case under the federal bankruptcy laws, as now or hereafter constituted, or any other
applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or the consent by the Company to
the entry of an order for relief in an involuntary case under any such law, or the consent by the Company to the appointment of or taking
possession by a receiver, liquidator, assignee, trustee, custodian or sequestrator (or similar official) of the Company or of substantially
all the property of the Company or the making by it of an assignment for the benefit of creditors or the admission by it in writing of
its inability to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of any action;
or

 

(g)
the occurrence of any other Event of Default with respect to Securities of such series as provided in Section 3.01;

 

provided,
however, that no event described in clause (d) or (other than with respect to a payment default) (g) above shall constitute an Event
of Default hereunder until the Trustee or the Holders of 25% or more in aggregate principal amount of the Securities of such series then
Outstanding, notify the Company (and the Trustee in case of notice by the Holders) of the Default, specifying the Default, requiring
the Company to remedy the same and stating that such notice is a “Notice of Default” hereunder.

 

Notwithstanding
the foregoing provisions of this Section 7.01, if the principal or any premium or interest on any Security is payable in a Currency other
than the Currency of the United States and such Currency is not available to the Company for making payment thereof due to the imposition
of exchange controls or other circumstances beyond the control of the Company, the Company will be entitled to satisfy its obligations
to Holders of the Securities by making such payment in the Currency of the United States in an amount equal to the Currency of the United
States equivalent of the amount payable in such other Currency, as determined by the Company’s agent in accordance with Section
3.11(c) hereof by reference to the noon buying rate in The City of New York for cable transfers for such Currency (“Exchange Rate”),
as such Exchange Rate is reported or otherwise made available by the Federal Reserve Bank of New York on the date of such payment, or,
if such rate is not then available, on the basis of the most recently available Exchange Rate. Notwithstanding the foregoing provisions
of this Section 7.01, any payment made under such circumstances in the Currency of the United States where the required payment is in
a Currency other than the Currency of the United States will not constitute an Event of Default under this Indenture.

 

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Section
7.02 Acceleration; Rescission and Annulment.

 

(a)
Except as otherwise provided as contemplated by Section 3.01 with respect to any series of Securities, if any one or more of the above-described
Events of Default (other than an Event of Default specified in Section 7.01(e) or 7.01(f)) shall happen with respect to Securities of
any series at the time Outstanding, then, and in each and every such case, during the continuance of any such Event of Default, the Trustee
or the Holders of 25% or more in principal amount of the Securities of such series then Outstanding may declare the principal (or, if
the Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the
terms of that series) of and all accrued and unpaid interest on all the Securities of such series then Outstanding to be due and payable
immediately by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such acceleration such principal
amount (or specified amount) and accrued and unpaid interest thereon shall become immediately due and payable. If an Event of Default
specified in Section 7.01(e) or 7.01(f) occurs and is continuing, then in every such case, the principal amount (or, if the Securities
of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified by the terms of that
series) of and accrued and unpaid interest on all of the Securities of that series then Outstanding shall automatically, and without
any acceleration or any other action on the part of the Trustee or any Holder, become due and payable immediately. Upon payment of such
amounts in the Currency in which such Securities are denominated (subject to the last paragraph of Section 7.01 and except as otherwise
provided pursuant to Section 3.01), all obligations of the Company in respect of the payment of principal of and interest on the Securities
of such series shall terminate.

 

(b)
The provisions of Section 7.02(a), however, are subject to the condition that, at any time after the principal and accrued and unpaid
interest on all the Securities of such series, to which any one or more of the above-described Events of Default is applicable, shall
have been so declared to be or shall have automatically become due and payable, and before a judgment or decree for payment of the money
due has been obtained by the Trustee as hereinafter provided in this Article, Holders of a majority in principal amount of the Securities
of that series then Outstanding, by written notice to the Company and the Trustee, may rescind and annul such acceleration if:

 

(i)
the Company has paid or deposited with the Trustee or Paying Agent a sum in the Currency in which such Securities are denominated (subject
to the last paragraph of Section 7.01 and except as otherwise provided pursuant to Section 3.01) sufficient to pay:

 

(A)
all amounts owing the Trustee and any predecessor trustee hereunder under Section 11.01(a) (provided, however, that all sums payable
under this clause (A) shall be paid in U.S. Dollars);

 

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(B)
all accrued and unpaid interest, if any, upon all the Securities of such series with interest thereon to the extent that interest thereon
shall be legally enforceable, on any overdue installment of interest at the rate borne by or prescribed in such Securities; and

 

(C)
the principal of and accrued and unpaid premium, if any, on any Securities of such series that have become due otherwise than by such
acceleration with interest thereon to the extent that interest thereon shall be legally enforceable, on any overdue installment of interest
at the rate borne by or prescribed in such Securities; and

 

(ii)
every other Default and Event of Default with respect to Securities of that series, other than the non-payment of the principal of Securities
of that series which have become due solely by such acceleration, have been cured or waived as provided in Section 7.06.

 

(c)
No such rescission shall affect any subsequent default or impair any right consequent thereon.

 

(d)
For all purposes under this Indenture, if a portion of the principal of any Original Issue Discount Securities shall have been accelerated
and declared due and payable pursuant to the provisions hereof, then, from and after such acceleration, unless such acceleration has
been rescinded and annulled, the principal amount of such Original Issue Discount Securities shall be deemed, for all purposes hereunder,
to be such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion
of the principal thereof as shall be due and payable as a result of such acceleration, together with interest, if any, thereon and all
other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount Securities.

 

Section
7.03 Other Remedies. If the Company shall fail for a period of 30 days to pay any installment of interest on the Securities of
any series or shall fail to pay any principal of and premium, if any, on any of the Securities of such series when and as the same shall
become due and payable, whether at Maturity, or by call for redemption (other than pursuant to the sinking fund), by acceleration as
authorized by this Indenture, or otherwise, or shall fail for a period of 30 days to make any required sinking fund payment as to a series
of Securities, then, upon demand of the Trustee, the Company will pay to the Paying Agent for the benefit of the Holders of Securities
of such series then Outstanding the whole amount which then shall have become due and payable on all the Securities of such series for
principal, premium, if any, and accrued and unpaid interest, with interest (so far as the same may be legally enforceable) on the overdue
principal and on the overdue premium, if any, and accrued and unpaid interest at the rate borne by or prescribed in such Securities,
and all amounts owing the Trustee and any predecessor trustee hereunder under Section 11.01(a).

 

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In
case the Company shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name and as trustee of an express
trust, shall be entitled and empowered to institute any action or proceeding at law or in equity for the collection of the sums so due
and unpaid, and may prosecute any such action or proceeding to judgment or final decree, and may enforce any such judgment or final decree
against the Company or any other obligor upon the Securities of such series, and collect the moneys adjudged or decreed to be payable
out of the property of the Company or any other obligor upon the Securities of such series, wherever situated, in the manner provided
by law. Every recovery of judgment in any such action or other proceeding, subject to the payment to the Trustee of all amounts owing
the Trustee and any predecessor trustee hereunder under Section 11.01(a), shall be for the ratable benefit of the Holders of such series
of Securities which shall be the subject of such action or proceeding. All rights of action upon or under any of the Securities or this
Indenture may be enforced by the Trustee without the possession of any of the Securities and without the production of any thereof at
any trial or any proceeding relative thereto.

 

Section
7.04 Trustee as Attorney-in-Fact. The Trustee is hereby appointed, and each and every Holder of the Securities, by receiving and
holding the same, shall be conclusively deemed to have appointed the Trustee, the true and lawful attorney-in-fact of such Holder, with
authority to make or file (whether or not the Company shall be in Default in respect of the payment of the principal of, premium, if
any, or interest on, any of the Securities), in its own name and as trustee of an express trust or otherwise as it shall deem advisable,
in any receivership, insolvency, liquidation, bankruptcy, reorganization or other judicial proceeding relative to the Company or any
other obligor upon the Securities or to their respective creditors or property, any and all claims, proofs of claim, proofs of debt,
petitions, consents, other papers and documents and amendments of any thereof, as may be necessary or advisable in order to have the
claims of the Trustee and any predecessor trustee hereunder and of the Holders of the Securities allowed in any such proceeding and to
collect and receive any moneys or other property payable or deliverable on any such claim, and to execute and deliver any and all other
papers and documents and to do and perform any and all other acts and things, as it may deem necessary or advisable in order to enforce
in any such proceeding any of the claims of the Trustee and any predecessor trustee hereunder and of any of such Holders in respect of
any of the Securities; and any receiver, assignee, trustee, custodian or debtor in any such proceeding is hereby authorized, and each
and every taker or Holder of the Securities, by receiving and holding the same, shall be conclusively deemed to have authorized any such
receiver, assignee, trustee, custodian or debtor, to make any such payment or delivery only to or on the order of the Trustee, and to
pay to the Trustee any amount due it and any predecessor trustee hereunder under Section 11.01(a); provided, however, that nothing herein
contained shall be deemed to authorize or empower the Trustee to consent to or accept or adopt, on behalf of any Holder of Securities,
any plan of reorganization or readjustment affecting the Securities or the rights of any Holder thereof, or to authorize or empower the
Trustee to vote in respect of the claim of any Holder of any Securities in any such proceeding.

 

Section
7.05 Priorities. Any moneys or properties collected by the Trustee with respect to a series of Securities under this Article VII
shall be applied in the order following, at the date or dates fixed by the Trustee for the distribution of such moneys or properties
and, in the case of the distribution of such moneys or properties on account of the Securities of any series, upon presentation of the
Securities of such series, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid:

 

First:
To the payment of all amounts due to the Trustee and any predecessor trustee hereunder under Section 11.01(a).

 

Second:
Subject to Article XV (to the extent applicable to any series of Securities then outstanding), to the payment of the amounts then due
and unpaid for principal of and any premium and interest on the Outstanding Securities of such series in respect of which or for the
benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and
payable on such Outstanding Securities for principal and any premium and interest, respectively.

 

Any
surplus then remaining shall be paid to the Company or as directed by a court of competent jurisdiction.

 

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Section
7.06 Control by Securityholders; Waiver of Past Defaults. The Holders of a majority in principal amount of the Securities of any
series at the time Outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee
hereunder, or of exercising any trust or power hereby conferred upon the Trustee with respect to the Securities of such series, provided,
however, that, subject to the provisions of Sections 11.01 and 11.02, the Trustee shall have the right to decline to follow any such
direction if the Trustee being advised by counsel determines that the action so directed may not lawfully be taken or would be unduly
prejudicial to Holders not joining in such direction or would involve the Trustee in personal liability. Prior to any acceleration of
the Maturity of the Securities of any series, the Holders of a majority in aggregate principal amount of such series of Securities at
the time Outstanding may on behalf of the Holders of all of the Securities of such series waive any past Default or Event of Default
hereunder and its consequences except a Default in the payment of interest or any premium on or the principal of the Securities of such
series and except as to a covenant or condition which under Section 14.02 cannot be modified or amended without the consent of the Holder
of each Outstanding Security of such series affected, in which case the consent of the Holder of each Outstanding Security of such series
affected shall be required for such waiver. Upon any such waiver the Company, the Trustee and the Holders of the Securities of such series
shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or
other Default or Event of Default or impair any right consequent thereon. Whenever any Default or Event of Default hereunder shall have
been waived as permitted by this Section 7.06, said Default or Event of Default shall for all purposes of the Securities of such series
and this Indenture be deemed to have been cured and to be not continuing.

 

Section
7.07 Limitation on Suits. No Holder of any Security of any series shall have any right to institute any action, suit or proceeding
at law or in equity for the execution of any trust hereunder or for the appointment of a receiver or for any other remedy hereunder,
in each case with respect to an Event of Default with respect to such series of Securities, unless such Holder previously shall have
given to the Trustee written notice of one or more of the Events of Default herein specified with respect to such series of Securities,
and unless also the Holders of 25% or more in principal amount of the Securities of such series then Outstanding shall have requested
the Trustee in writing to take action in respect of the matter complained of, and unless also there shall have been offered to the Trustee
security and indemnity reasonably satisfactory to it against the costs, expenses and liabilities to be incurred therein or thereby, and
the Trustee, for 60 days after receipt of such notification, request and offer of indemnity, shall have neglected or refused to institute
any such action, suit or proceeding; and such notification, request and offer of indemnity are hereby declared in every such case to
be conditions precedent to any such action, suit or proceeding by any Holder of any Security of such series; it being understood and
intended that no one or more of the Holders of Securities of such series shall have any right in any manner whatsoever by his, her, its
or their action to enforce any right hereunder, except in the manner herein provided, and that every action, suit or proceeding at law
or in equity shall be instituted, had and maintained in the manner herein provided and for the equal benefit of all Holders of the Outstanding
Securities of such series; provided, however, that nothing in this Indenture or in the Securities of such series shall affect or impair
the obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on the Securities
of such series to the respective Holders of such Securities at the respective due dates in such Securities stated, or affect or impair
the right, which is also absolute and unconditional, of such Holders to institute suit to enforce the payment thereof.

 

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Section
7.08 Undertaking for Costs. All parties to this Indenture and each Holder of any Security, by such Holder’s acceptance thereof,
shall be deemed to have agreed that any court may in its discretion require, in any action, suit or proceeding for the enforcement of
any right or remedy under this Indenture, or in any action, suit or proceeding against the Trustee for any action taken or omitted by
it as Trustee, the filing by any party litigant in such action, suit or proceeding of an undertaking to pay the costs of such action,
suit or proceeding, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and
expenses, against any party litigant in such action, suit or proceeding, having due regard to the merits and good faith of the claims
or defenses made by such party litigant; provided, however, that the provisions of this Section 7.08 shall not apply to any action, suit
or proceeding instituted by the Trustee, to any action, suit or proceeding instituted by any one or more Holders of Securities holding
in the aggregate more than 10% in principal amount of the Securities of any series Outstanding, or to any action, suit or proceeding
instituted by any Holder of Securities of any series for the enforcement of the payment of the principal of or premium, if any, or the
interest on, any of the Securities of such series, on or after the respective due dates expressed in such Securities.

 

Section
7.09 Remedies Cumulative. No remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities of any series
is intended to be exclusive of any other remedy or remedies, and each and every remedy shall be cumulative and shall be in addition to
every other remedy given hereunder or now or hereafter existing at law or in equity or by statute. No delay or omission of the Trustee
or of any Holder of the Securities of any series to exercise any right or power accruing upon any Default or Event of Default shall impair
any such right or power or shall be construed to be a waiver of any such Default or Event of Default or an acquiescence therein; and
every power and remedy given by this Article VII to the Trustee and to the Holders of Securities of any series, respectively, may be
exercised from time to time and as often as may be deemed expedient by the Trustee or by the Holders of Securities of such series, as
the case may be. In case the Trustee or any Holder of Securities of any series shall have proceeded to enforce any right under this Indenture
and the proceedings for the enforcement thereof shall have been discontinued or abandoned because of waiver or for any other reason or
shall have been adjudicated adversely to the Trustee or to such Holder of Securities, then and in every such case the Company, the Trustee
and the Holders of the Securities of such series shall severally and respectively be restored to their former positions and rights hereunder,
and thereafter all rights, remedies and powers of the Trustee and the Holders of the Securities of such series shall continue as though
no such proceedings had been taken, except as to any matters so waived or adjudicated.

 

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ARTICLE
VIII

 

CONCERNING THE SECURITYHOLDERS

 

Section
8.01 Evidence of Action of Securityholders. Whenever in this Indenture it is provided that the Holders of a specified percentage
or a majority in aggregate principal amount of the Securities or of any series of Securities may take any action (including the making
of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of
taking any such action the Holders of such specified percentage or majority have joined therein may be evidenced by (a) any instrument
or any number of instruments of similar tenor executed by Securityholders in person, by an agent or by a proxy appointed in writing,
including through an electronic system for tabulating consents operated by the Depositary for such series or otherwise (such action becoming
effective, except as herein otherwise expressly provided, when such instruments or evidence of electronic consents are delivered to the
Trustee and, where it is hereby expressly required, to the Company), or (b) by the record of the Holders of Securities voting in favor
thereof at any meeting of Securityholders duly called and held in accordance with the provisions of Article IX, or (c) by a combination
of such instrument or instruments and any such record of such a meeting of Securityholders.

 

Section
8.02 Proof of Execution or Holding of Securities. Proof of the execution of any instrument by a Securityholder or his, her or
its agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner:

 

(a)
The fact and date of the execution by any Person of any such instrument may be proved (i) by the certificate of any notary public or
other officer in any jurisdiction who, by the laws thereof, has power to take acknowledgments or proof of deeds to be recorded within
such jurisdiction, that the Person who signed such instrument did acknowledge before such notary public or other officer the execution
thereof, or (ii) by the affidavit of a witness of such execution sworn to before any such notary or other officer. Where such execution
is by a Person acting in other than his or her individual capacity, such certificate or affidavit shall also constitute sufficient proof
of his or her authority.

 

(b)
The ownership of Securities of any series shall be proved by the Register of such Securities or by a certificate of the Registrar for
such series.

 

(c)
The record of any Holders’ meeting shall be proved in the manner provided in Section 9.06.

 

(d)
The Trustee may require such additional proof of any matter referred to in this Section 8.02 as it shall deem appropriate or necessary,
so long as the request is a reasonable one.

 

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(e)
If the Company shall solicit from the Holders of Securities of any series any action, the Company may, at its option fix in advance a
record date for the determination of Holders of Securities entitled to take such action, but the Company shall have no obligation to
do so. Any such record date shall be fixed at the Company’s discretion. If such a record date is fixed, such action may be sought
or given before or after the record date, but only the Holders of Securities of record at the close of business on such record date shall
be deemed to be Holders of Securities for the purpose of determining whether Holders of the requisite proportion of Outstanding Securities
of such series have authorized or agreed or consented to such action, and for that purpose the Outstanding Securities of such series
shall be computed as of such record date.

 

Section
8.03 Persons Deemed Owners.

 

(a)
The Company, the Trustee or any of their agents shall treat the Person in whose name any Security is registered as the owner of such
Security for the purpose of receiving payment of principal of and premium, if any, and (subject to Section 3.08) interest, if any, on,
such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor
any of their agents shall be affected by notice to the contrary. All payments made to any Holder, or upon his, her or its order, shall
be valid, and, to the extent of the sum or sums paid, effectual to satisfy and discharge the liability for moneys payable upon such Security.

 

(b)
None of the Company, the Trustee or any of their agents will have any responsibility or liability for any aspect of the records relating
to or payments made on account of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any
records relating to such beneficial ownership interests.

 

Section
8.04 Effect of Consents. After an amendment, supplement, waiver or other action becomes effective as to any series of Securities,
a consent to it by a Holder of such series of Securities is a continuing consent conclusive and binding upon such Holder and every subsequent
Holder of the same Securities or portion thereof, and of any Security issued upon the transfer thereof or in exchange therefor or in
place thereof, even if notation of the consent is not made on any such Security.

 

ARTICLE
IX

 

SECURITYHOLDERS’ MEETINGS

 

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

 

(a)
to give any notice to the Company or to the Trustee, or to give any directions to the Trustee, or to consent to the waiving of any Default
or Event of Default hereunder and its consequences, or to take any other action authorized to be taken by Securityholders pursuant to
any of the provisions of Article VIII;

 

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

 

(c)
to consent to the execution of an Indenture or of indentures supplemental hereto pursuant to the provisions of Section 14.02; or

 

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

 

Section
9.02 Call of Meetings by Trustee. The Trustee may at any time call a meeting of all Securityholders of any or all series that
may be affected by the action proposed to be taken, to take any action specified in Section 9.01, to be held at such time and at such
place as the Trustee shall determine. Notice of every meeting of the Securityholders of a series, setting forth the time and the place
of such meeting and in general terms the action proposed to be taken at such meeting, shall be mailed at the expense of the Company to
Holders of Securities of such series at their addresses as they shall appear on the Register of the Company. Such notice shall be mailed
not less than 20 nor more than 90 days prior to the date fixed for the meeting.

 

Section
9.03 Call of Meetings by Company or Securityholders. In case at any time the Company or the Holders of at least 10% in aggregate
principal amount of the Securities of any or all series then Outstanding that may be affected by the action proposed to be taken, shall
have requested the Trustee to call a meeting of Securityholders of such series, by written request setting forth in reasonable detail
the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after
receipt of such request, then the Company or such Securityholders may determine the time and the place for such meeting and may call
such meeting to take any action authorized in Section 9.01, by mailing notice thereof as provided in Section 9.02.

 

Section
9.04 Qualifications for Voting. To be entitled to vote at any meeting of Securityholders, a Person shall (a) be a Holder of one
or more Securities affected by the action proposed to be taken at the meeting or (b) be a Person appointed by an instrument in writing
as proxy by a Holder of one or more such Securities. The only Persons who shall be entitled to be present or to speak at any meeting
of Securityholders shall be the Persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and
its counsel and any representatives of the Company and its counsel. Unless otherwise expressly provided pursuant to Section 3.01 with
respect to the Securities of any series, any vote, consent, waiver or other action given or taken by the Holders of any series of Securities
at a meeting shall be given or taken, as the case may be, by the Holders of such series of Securities as a separate class.

 

Section
9.05 Regulation of Meetings.

 

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

 

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

 

(c)
At any meeting of Securityholders of a series, each Securityholder of such series or such Securityholder’s proxy shall be entitled
to one vote for each $1,000 principal amount of Securities of such series Outstanding held or represented by him; provided, however,
that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman
of the meeting to be not Outstanding. If the Securities of any series are issuable in minimum denominations of less than $1,000, then
a Holder of such a Security in a principal amount of less than $1,000 shall be entitled to a fraction of one vote which is equal to the
fraction that the principal amount of such Security bears to $1,000. The chairman of the meeting shall have no right to vote other than
by virtue of Securities of such series held by him or her or instruments in writing as aforesaid duly designating him or her as the Person
to vote on behalf of other Securityholders. At any meeting of the Securityholders of any series duly called pursuant to the provisions
of Section 9.02 or 9.03, the presence of Persons holding or representing Securities of such series in an aggregate principal amount sufficient
to take action as it concerns the Securities of such series upon the business for the transaction of which such meeting was called shall
be necessary to constitute a quorum, and any such meeting may be adjourned from time to time by a majority of those present, whether
or not constituting a quorum, and the meeting may be held as so adjourned without further notice.

 

Section
9.06 Voting. The vote upon any resolution submitted to any meeting of Securityholders of a series shall be by written ballots
on which shall be subscribed the signatures of the Holders of Securities of such series or of their representatives by proxy and the
principal amounts of the Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two
inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the
secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings
of each meeting of Securityholders shall be prepared by the secretary of the meeting and there shall be attached to said record the original
reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more Persons having knowledge of the
facts setting forth a copy of the notice of the meeting and showing that said notice was mailed as provided in Section 9.02. The record
shall show the principal amounts of the Securities voting in favor of or against any resolution. The record shall be signed and verified
by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company
and the other to the Trustee to be preserved by the Trustee.

 

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

 

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

 

ARTICLE
X

 

REPORTS BY THE COMPANY AND THE TRUSTEE AND

SECURITYHOLDERS’ LISTS

 

Section
10.01 Reports by Trustee.

 

(a)
So long as any Securities are outstanding, the Trustee shall transmit to Holders such reports concerning the Trustee and its actions
under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided therein. If required
by Section 313(a) of the Trust Indenture Act, the Trustee shall, within 60 days after each anniversary following the date of this Indenture
deliver to Holders a brief report which complies with the provisions of such Section 313(a).

 

(b)
The Trustee shall, at the time of the transmission to the Holders of Securities of any report pursuant to the provisions of this Section
10.01, file a copy of such report with each stock exchange upon which the Securities are listed, if any, and also with the SEC in respect
of a Security listed and registered on a national securities exchange, if any. The Company agrees to notify the Trustee when, as and
if the Securities become listed on any stock exchange or any delisting thereof.

 

(c)
The Company will reimburse the Trustee for all expenses incurred in the preparation and transmission of any report pursuant to the provisions
of this Section 10.01 and of Section 10.02.

 

Section
10.02 Reports by the Company. The Company shall file with the Trustee and the SEC, and transmit to Holders, such information,
documents and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the
manner provided in the Trust Indenture Act; provided that, unless available on EDGAR, any such information, documents or reports required
to be filed with the SEC pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 30 days after the
same is filed with the SEC.

 

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

 

Section
10.03 Securityholders’ Lists. The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee:

 

(a)
semi-annually, within 15 days after each Record Date, but in any event not less frequently than semi-annually, a list in such form as
the Trustee may reasonably require of the names and addresses of the Holders of Securities to which such Record Date applies, as of such
Record Date, and

 

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(b)
at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such request, a list of
similar form and content as of a date not more than 15 days prior to the time such list is furnished;

 

provided,
however, that so long as the Trustee shall be the Registrar, such lists shall not be required to be furnished.

 

ARTICLE
XI

 

CONCERNING THE TRUSTEE

 

Section
11.01 Rights of Trustees; Compensation and Indemnity. The Trustee accepts the trusts created by this Indenture upon the terms
and conditions hereof, including the following, to all of which the parties hereto and the Holders from time to time of the Securities
agree:

 

(a)
The Trustee shall be entitled to such compensation as the Company and the Trustee shall from time to time agree in writing for all services
rendered by it hereunder (including in any agent capacity in which it acts). The compensation of the Trustee 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 promptly
upon its request for all reasonable and documented out-of-pocket expenses, disbursements and advances incurred or made by the Trustee
(including the reasonable and documented expenses and disbursements of its agents and counsel), except any such expense, disbursement
or advance as may be attributable to its own negligence, bad faith or willful misconduct.

 

The
Company also agrees to indemnify each of the Trustee and any predecessor Trustee hereunder for, and to hold it harmless against, any
and all loss, liability, damage, claim, or expense incurred without its own negligence, bad faith or willful misconduct, arising out
of or in connection with the acceptance or administration of the trust or trusts hereunder and the performance of its duties (including
in any agent capacity in which it acts), as well as the reasonable and documented costs and expenses of defending itself against any
claim or liability in connection with the exercise or performance of any of its powers or duties hereunder, except those attributable
to its negligence, willful misconduct or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek
indemnity. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have one separate counsel
of its selection and the Company shall pay the reasonable and documented fees and expenses of such counsel. The Company need not pay
for any settlement made without its consent, which consent shall not be unreasonably withheld.

 

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As
security for the performance of the obligations of the Company under this Section 11.01(a), the Trustee shall have a lien upon all property
and funds held or collected by the Trustee as such, except funds held in trust by the Trustee to pay principal of, premium and interest
on any Securities. Notwithstanding any provisions of this Indenture to the contrary, the obligations of the Company to compensate and
indemnify the Trustee under this Section 11.01(a) shall survive the resignation or removal of the Trustee, the termination of this Indenture
and any satisfaction and discharge under Article XII. When the Trustee incurs expenses or renders services after an Event of Default
specified in clause (e) or (f) of Section 7.01 occurs, the expenses and compensation for the services are intended to constitute expenses
of administration under any applicable federal or state bankruptcy, insolvency or similar laws.

 

(b)
The Trustee may execute any of the trusts or powers hereof and perform any duty hereunder either directly or by its agents and attorneys
and shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder.

 

(c)
The Trustee shall not be responsible in any manner whatsoever for the correctness of the recitals herein or in the Securities (except
its certificates of authentication thereon) contained, all of which are made solely by the Company; and the Trustee shall not be responsible
or accountable in any manner whatsoever for or with respect to the validity or execution or sufficiency of this Indenture or of the Securities
(except its certificates of authentication thereon), and the Trustee makes no representation with respect thereto, except that the Trustee
represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations
hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company are true and accurate,
subject to the qualifications set forth therein. The Trustee shall not be accountable for the use or application by the Company of any
Securities, or the proceeds of any Securities, authenticated and delivered by the Trustee in conformity with the provisions of this Indenture.

 

(d)
The Trustee may consult with counsel of its selection, and advice of counsel shall be full and complete authorization and protection
in respect of any action taken or suffered by the Trustee hereunder in good faith and in accordance with such advice of counsel.

 

(e)
The Trustee may rely upon the certificate of the Secretary or one of the Assistant Secretaries of the Company as to the adoption of any
Board Resolution or resolution of the stockholders of the Company, and any request, direction, order or demand of the Company mentioned
herein shall be sufficiently evidenced by, and whenever in the administration of this Indenture the Trustee shall deem it desirable that
a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee may rely upon, an Officer’s
Certificate of the Company (unless other evidence in respect thereof be herein specifically prescribed).

 

(f)
The Trustee or any agent of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities and,
subject to Sections 310(b) and 311 of the Trust Indenture Act, may otherwise deal with the Company with the same rights it would have
had if it were not the Trustee or such agent.

 

(g)
Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee
shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company.

 

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(h)
Any action taken by the Trustee pursuant to any provision hereof at the request or with the consent of any Person who at the time is
the Holder of any Security shall be conclusive and binding in respect of such Security upon all future Holders thereof or of any Security
or Securities which may be issued for or in lieu thereof in whole or in part, whether or not such Security shall have noted thereon the
fact that such request or consent had been made or given.

 

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

 

(j)
The Trustee shall not be under any obligation to exercise any of the rights or powers vested in it by this Indenture at the request,
order or direction of any of the Holders of the Securities, pursuant to any provision of this Indenture, unless one or more of the Holders
of the Securities shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and
liabilities which may be incurred by it therein or thereby.

 

(k)
The Trustee shall not be liable for any action taken or omitted by it in good faith and believed by it to be authorized or within its
discretion or within the rights or powers conferred upon it by this Indenture.

 

(l)
The Trustee shall not be deemed to have knowledge or notice of any Default or Event of Default unless a Responsible Officer of the Trustee
has actual knowledge thereof or unless the Company or Holders of not less than 25% of the Outstanding Securities notify the Trustee thereof.

 

(m)
The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of Indebtedness or other
paper or document, but the Trustee may, but shall not be required to, make further inquiry or investigation into such facts or matters
as it may see fit.

 

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

 

Section
11.02 Duties of Trustee.

 

(a)
If one or more of the Events of Default specified in Section 7.01 with respect to the Securities of any series shall have happened, then,
during the continuance thereof, the Trustee shall, with respect to such Securities, exercise such of the rights and powers vested in
it by this Indenture, and shall use the same degree of care and skill in their exercise, as a prudent person would exercise or use under
the circumstances in the conduct of such person’s own affairs.

 

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(b)
None of the provisions of this Indenture shall be construed as relieving the Trustee from liability for its own negligent action, negligent
failure to act, or its own willful misconduct, except that, anything in this Indenture contained to the contrary notwithstanding,

 

(i)
unless and until an Event of Default specified in Section 7.01 with respect to the Securities of any series shall have happened which
at the time is continuing,

 

(A)
the Trustee undertakes to perform such duties and only such duties with respect to the Securities of that series as are specifically
set out in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee, whose duties
and obligations shall be determined solely by the express provisions of this Indenture; and

 

(B)
the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, in the absence
of bad faith on the part of the Trustee, upon certificates and opinions furnished to it pursuant to the express provisions of this Indenture;
but in the case of any such certificates or opinions which, by the provisions of this Indenture, are specifically required to be furnished
to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of
this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts, statements, opinions or
conclusions stated therein);

 

(ii)
the Trustee shall not be liable to any Holder of Securities or to any other Person for any error of judgment made in good faith by a
Responsible Officer or Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent
facts; and

 

(iii)
the Trustee shall not be liable to any Holder of Securities or to any other Person with respect to any action taken or omitted to be
taken by it in good faith, in accordance with the direction of Securityholders given as provided in Section 7.06, relating to the time,
method and place of conducting any proceeding for any remedy available to it or exercising any trust or power conferred upon it by this
Indenture.

 

(c)
None of the provisions of this Indenture shall require the Trustee to expend or risk its own funds or otherwise to incur any financial
liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to
it.

 

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(d)
Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of
or affording protection to the Trustee shall be subject to the provisions of this Section 11.02.

 

Section
11.03 Notice of Defaults. Within 90 days after the occurrence thereof, and if known to the Trustee, the Trustee shall give to
the Holders of the Securities of a series notice of each Default or Event of Default with respect to the Securities of such series known
to the Trustee, by transmitting such notice to Holders at their addresses as the same shall then appear on the Register of the Company,
unless such Default shall have been cured or waived before the giving of such notice (the term “Default” being hereby defined
to be the events specified in Section 7.01, which are, or after notice or lapse of time or both would become, Events of Default as defined
in said Section). Except in the case of a Default or Event of Default in payment of the principal of, premium, if any, or interest on
any of the Securities of such series when and as the same shall become payable, or to make any sinking fund payment as to Securities
of the same series, the Trustee shall be protected in withholding such notice, if and so long as a Responsible Officer or Responsible
Officers of the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Securities
of such series.

 

Section
11.04 Eligibility; Disqualification.

 

(a)
The Trustee shall at all times satisfy the requirements of TIA Section 310(a). The Trustee shall have a combined capital and surplus
of at least $50 million as set forth in its most recent published annual report of condition, and shall have a Corporate Trust Office.
If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 11.04, it shall resign immediately
in the manner and with the effect hereinafter specified in this Article.

 

(b)
The Trustee shall comply with TIA Section 310(b); provided, however, that there shall be excluded from the operation of TIA Section 310(b)(i)
any indenture or indentures under which other securities or certificates of interest or participation in other securities of the Company
are outstanding if the requirements for such exclusion set forth in TIA Section 310(b)(i) are met. If the Trustee has or shall acquire
a conflicting interest within the meaning of Section 310(b) of the Trust Indenture Act, the Trustee shall either eliminate such interest
or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.
If Section 310(b) of the Trust Indenture Act is amended any time after the date of this Indenture to change the circumstances under which
a Trustee shall be deemed to have a conflicting interest with respect to the Securities of any series or to change any of the definitions
in connection therewith, this Section 11.04 shall be automatically amended to incorporate such changes.

 

Section
11.05 Resignation and Notice; Removal. The Trustee, or any successor to it hereafter appointed, may at any time resign and be
discharged of the trusts hereby created with respect to any one or more or all series of Securities by giving to the Company notice in
writing. Such resignation shall take effect upon the appointment of a successor Trustee and the acceptance of such appointment by such
successor Trustee. Any Trustee hereunder may be removed with respect to any series of Securities at any time by the filing with such
Trustee and the delivery to the Company of an instrument or instruments in writing signed by the Holders of a majority in principal amount
of the Securities of such series then Outstanding, specifying such removal and the date when it shall become effective.

 

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If
at any time:

 

(1)
the Trustee shall fail to comply with the provisions of TIA Section 310(b) after written request therefor by the Company or by any Holder
who has been a bona fide Holder of a Security for at least six months (or, if it is a shorter period, the period since the initial issuance
of the Securities of such series), or

 

(2)
the Trustee shall cease to be eligible under Section 11.04 and shall fail to resign after written request therefor by the Company or
by any Holder who has been a bona fide Holder of a Security for at least six months (or, if it is a shorter period, the period since
the initial issuance of the Securities of such series), or

 

(3)
the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property
shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of
rehabilitation, conservation or liquidation,

 

then,
in any such case, (i) the Company by written notice to the Trustee may remove the Trustee and appoint a successor Trustee with respect
to all Securities, or (ii) subject to TIA Section 315(e), any Securityholder who has been a bona fide Holder of a Security for at least
six months (or, if it is a shorter period, the period since the initial issuance of the Securities of such series) may, on behalf of
himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to
all Securities and the appointment of a successor Trustee or Trustees.

 

In
addition, the Company may remove the Trustee with respect to Securities of any series without cause if the Company gives written notice
to the Trustee of such proposed removal at least three months in advance of the proposed effective date of such removal.

 

Upon
its resignation or removal, any Trustee shall be entitled to the payment of reasonable compensation for the services rendered hereunder
by such Trustee and to the payment of all reasonable and documented expenses incurred hereunder and all moneys then due to it hereunder.
The Trustee’s rights to indemnification provided in Section 11.01(a) shall survive its resignation or removal.

 

Section
11.06 Successor Trustee by Appointment.

 

(a)
In case at any time the Trustee shall resign, or shall be removed or if a vacancy exists in the office of the Trustee for any reason,
with respect to Securities of any or all series, the Company shall promptly appoint a successor Trustee. However, if all or substantially
all the assets of the Company shall be in the possession of one or more custodians or receivers lawfully appointed, or of trustees in
bankruptcy or reorganization proceedings (including a trustee or trustees appointed under the provisions of the federal bankruptcy laws,
as now or hereafter constituted), or of assignees for the benefit of creditors, such receivers, custodians, trustees or assignees, as
the case may be, shall promptly appoint a successor Trustee with respect to the Securities of any or all series. Subject to the provisions
of Sections 11.04 and 11.05, upon the appointment as aforesaid of a successor Trustee with respect to the Securities of any series, the
Trustee with respect to the Securities of such series shall cease to be Trustee hereunder. After any such appointment other than by the
Holders of Securities of any such series, the Person making such appointment shall forthwith cause notice thereof to be mailed to the
Holders of Securities of such series at their addresses as the same shall then appear on the Register of the Company. Any failure of
the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of such appointment.

 

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(b)
If any Trustee with respect to the Securities of any series shall resign or be removed and a successor Trustee shall not have been appointed
by the Company or, if any successor Trustee so appointed shall not have accepted its appointment within 30 days after such appointment
shall have been made, the resigning Trustee at the expense of the Company may apply to any court of competent jurisdiction for the appointment
of a successor Trustee. If in any other case a successor Trustee shall not be appointed pursuant to the foregoing provisions of this
Section 11.06 within three months after such appointment might have been made hereunder, the Holder of any Security of the applicable
series or any retiring Trustee at the expense of the Company may apply to any court of competent jurisdiction to appoint a successor
Trustee. Such court may thereupon, in any such case, after such notice, if any, as such court may deem proper and prescribe, appoint
a successor Trustee.

 

(c)
Any successor Trustee appointed hereunder with respect to the Securities of one or more series shall execute, acknowledge and deliver
to its predecessor Trustee and to the Company, or to the receivers, trustees, assignees or court appointing it, as the case may be, an
instrument accepting such appointment hereunder, and thereupon such successor Trustee, without any further act, deed or conveyance, shall
become vested with all the authority, rights, powers, trusts, immunities, duties and obligations with respect to such series of such
predecessor Trustee with like effect as if originally named as Trustee hereunder, and such predecessor Trustee, upon payment of its charges
and disbursements then unpaid, shall thereupon become obligated to pay over, and such successor Trustee shall be entitled to receive,
all moneys and properties held by such predecessor Trustee as Trustee hereunder with respect to the Securities of such series, subject
nevertheless to its lien provided for in Section 11.01(a). Nevertheless, on the written request of the Company or of the successor Trustee
or of the Holders of at least 10% in principal amount of the Securities of any such series then Outstanding, such predecessor Trustee,
upon payment of its said charges and disbursements, shall execute and deliver an instrument transferring to such successor Trustee upon
the trusts herein expressed all the rights, powers and trusts of such predecessor Trustee with respect to the Securities of such series
and shall assign, transfer and deliver to the successor Trustee all moneys and properties held by such predecessor Trustee with respect
to the Securities of such series, subject nevertheless to its lien provided for in Section 11.01(a); and, upon request of any such successor
Trustee or the Company shall make, execute, acknowledge and deliver any and all instruments in writing for more fully and effectually
vesting in and confirming to such successor Trustee all such authority, rights, powers, trusts, immunities, duties and obligations.

 

Section
11.07 Successor Trustee by Merger. Any Person into which the Trustee or any successor to it in the trusts created by this Indenture
shall be merged or converted, or any Person with which it or any successor to it shall be consolidated, or any Person resulting from
any merger, conversion or consolidation to which the Trustee or any such successor to it shall be a party, or any Person to which the
Trustee or any successor to it shall sell or otherwise transfer all or substantially all of the corporate trust business of the Trustee,
shall be the successor Trustee under this Indenture without the execution or filing of any paper or any further act on the part of any
of the parties hereto; provided that such Person shall be otherwise qualified and eligible under this Article. In case at the time such
successor to the Trustee shall succeed to the trusts created by this Indenture with respect to one or more series of Securities, any
of such Securities shall have been authenticated but not delivered by the Trustee then in office, any successor to such Trustee may adopt
the certificate of authentication of any predecessor Trustee, and deliver such Securities so authenticated; and in case at that time
any of the Securities shall not have been authenticated, any successor to the Trustee may authenticate such Securities either in the
name of any predecessor hereunder or in the name of the successor Trustee; and in all such cases such certificates shall have the full
force which it is anywhere in the Securities or in this Indenture provided that the certificate of the Trustee shall have; provided,
however, that the right to adopt the certificate of authentication of any predecessor Trustee or authenticate Securities in the name
of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation.

 

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Section
11.08 Right to Rely on Officer’s Certificate. Whenever in the administration of the provisions of this Indenture the Trustee
shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action hereunder, such matter
(unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence, bad faith or willful
misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an Officer’s Certificate with respect
thereto delivered to the Trustee, and such Officer’s Certificate, in the absence of negligence, bad faith or willful misconduct
on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions
of this Indenture upon the faith thereof.

 

Section
11.09 Appointment of Authenticating Agent. The Trustee may appoint an agent (the “Authenticating Agent”) acceptable
to the Company to authenticate the Securities, and the Trustee shall give written notice of such appointment to all Holders of Securities
of the series with respect to which such Authenticating Agent will serve. Unless limited by the terms of such appointment, any such Authenticating
Agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes
authentication by the Authenticating Agent. Securities so authenticated shall be entitled to the benefits of this Indenture and shall
be valid and obligatory for all purposes as if authenticated by the Trustee hereunder.

 

Each
Authenticating Agent shall at all times be a corporation organized and doing business and in good standing under the laws of the United
States, any State thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital
and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State authority. If such corporation
publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority,
then for the purposes of this Article XI, the combined capital and surplus of such corporation shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be
eligible in accordance with the provisions of this Article XI, it shall resign immediately in the manner and with the effect specified
in this Article XI.

 

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Any
corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the
corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such
corporation shall be otherwise eligible under this Article XI, without the execution or filing of any paper or any further act on the
part of the Trustee or the Authenticating Agent.

 

An
Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any
time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company.
Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease
to be eligible in accordance with the provisions of this Section 11.09, the Trustee may appoint a successor Authenticating Agent which
shall be acceptable to the Company and shall give written notice of such appointment to all Holders of Securities of the series with
respect to which such Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an
Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section 11.09.

 

The
Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section 11.09.

 

Section
11.10 Communications by Securityholders with Other Securityholders. Holders of Securities may communicate pursuant to Section
312(b) of the Trust Indenture Act with other Holders 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 Section 312(c) of the Trust Indenture Act with respect to such
communications.

 

ARTICLE
XII

 

SATISFACTION AND DISCHARGE; DEFEASANCE

 

Section
12.01 Applicability of Article. The provisions of this Article shall be applicable to the Securities of all series issued pursuant
to this Indenture, except as otherwise specified pursuant to Section 3.01.

 

Section
12.02 Satisfaction and Discharge of Indenture. This Indenture, with respect to the Securities of any series (if all series issued
under this Indenture are not to be affected), shall, upon Company Order, cease to be of further effect (except as to any surviving rights
of registration of transfer or exchange of such Securities herein expressly provided for and the rights of the Holders of the Securities
of such series to receive, the principal of and premium, if any, and interest on such Securities as and when the same shall become due
and payable and except as otherwise provided in the last paragraph of this Section 12.02), and the Trustee, at the expense of the Company,
shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to the Securities of such series,
when,

 

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(a)
either:

 

(i)
all Securities of such series theretofore authenticated and delivered (other than (A) Securities that have been destroyed, lost or stolen
and that have been replaced or paid as provided in Section 3.07 and (B) Securities for whose payment money has theretofore been deposited
in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided
in Section 6.03(e)) have been delivered to the Trustee for cancellation; or

 

(ii)
all Securities of such series not theretofore delivered to the Trustee for cancellation,

 

(A)
have become due and payable, or

 

(B)
will become due and payable at their Stated Maturity within one year, or

 

(C)
if redeemable at the option of the Company (including, without limitation, by operation of any mandatory sinking fund), are to be called
for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in
the name, and at the expense, of the Company,

 

and
the Company, in the case of (A), (B) or (C) above, has irrevocably deposited or caused to be deposited with the Trustee funds in trust
for the purpose an amount in cash in the Currency in which such Securities are payable (subject to Section 12.08) sufficient to pay and
discharge the entire indebtedness on such Securities for principal and premium, if any, and interest to the date of such deposit (in
the case of Securities that have become due and payable) or to the Stated Maturity thereof or, in the case of Securities of such series
which are to be called for redemption as contemplated by (C) above, the applicable Redemption Date, as the case may be, and including
any mandatory sinking fund payments as and when the same shall become due and payable; provided, however, that, if a Default of the nature
described in clauses (e) or (f) of Section 7.01 shall have occurred at any time during the period ending on and including the date of
such deposit or if the Trustee or any Paying Agent is required to return the monies then on deposit with or held by the Trustee or such
Paying Agent to the Company or to a trustee in bankruptcy, receiver, conservator or other similar Person, or the Trustee or any Paying
Agent is not permitted to apply any such funds to pay the principal of and premium, if any, and interest on the Securities of such series
(including to make sinking fund payments) as and when the same shall become due and payable, the obligations of the Company under this
Indenture with respect to such Securities shall not be deemed terminated or discharged;

 

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(b)
the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Securities of such series;
and

 

(c)
the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that all conditions precedent
herein provided for relating to the satisfaction and discharge of this Indenture with respect to such series have been complied with.

 

Notwithstanding
the satisfaction and discharge of this Indenture with respect to the Securities of any series, the obligations of the Company to the
Trustee under Section 11.01, the provisions of Sections 3.04, 3.05, 3.06, 3.07, 3.10, 6.02 and 6.03 and this Article XII, and, if the
Securities of such series are to be redeemed prior to their Stated Maturity (including, without limitation, pursuant to a mandatory sinking
fund), the provisions of Article IV hereof, and, if the Securities of such series are convertible into or exchangeable for other securities
or property, the rights of the Holders of such Securities to convert or exchange, and the obligations of the Company to convert or exchange,
such Securities into other securities or property, and, if money shall have been deposited with the Trustee pursuant to clause (a) of
this Section, the obligations of the Trustee under Section 12.07 and Section 6.03(e) shall survive such satisfaction and discharge.

 

Section
12.03 Defeasance and Covenant Defeasance upon Deposit of Moneys or U.S. Government Obligations. At the Company’s option,
either (x) the Company shall be deemed to have been Discharged (as defined below) from its obligations with respect to Securities of
any series on the first day after the applicable conditions set forth below have been satisfied or (y) the Company shall cease to be
under any obligation to comply with any term, provision or condition set forth in Section 10.02 with respect to Securities
of any series (and, if so specified pursuant to Section 3.01, any other restrictive covenant added for the benefit of such series pursuant
to Section 3.01) (“covenant defeasance”) upon the satisfaction of the applicable conditions set forth below:

 

(a)
the Company shall have deposited or caused to be deposited irrevocably with the Trustee as trust funds in trust, specifically pledged
as security for, and dedicated solely to, the benefit of the Holders of the Securities of such series (i) money in the Currency in which
such Securities are payable in an amount, or (ii) U.S. Government Obligations (as defined below) that, through the payment of interest
and principal in respect thereof in accordance with their terms, will provide, not later than one day before the due date of any payment,
money in the Currency in which such Securities are payable in an amount, or (iii) a combination of (i) and (ii), sufficient (without
consideration of any reinvestment of such principal and interest) to pay and discharge each installment of principal (including any mandatory
sinking fund payments) of and premium, if any, and interest on, the Outstanding Securities of such series on the dates such installments
of interest or principal and premium are due and, if the Securities of such series are to be called for redemption as described in clause
(d) below, to pay and discharge the Redemption Price on the Securities called for redemption on the applicable Redemption Date;

 

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(b)
no Default with respect to the Securities of such series shall have occurred and be continuing on the date of such deposit (other than
a Default resulting from the borrowing of funds and the grant of any related liens to be applied to such deposit) and, solely in the
case of Discharge pursuant to clause (x) of the first paragraph of this Section 12.03, no Default with respect to the Securities of such
series under either clause (e) or (f) of Section 7.01 shall have occurred at any time during the period ending on and including the date
of such deposit;

 

(c)
the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that Holders of the Securities of such series will
not recognize income, gain or loss for U.S. federal income tax purposes as a result of the Company’s exercise of its option under
this Section and will be subject to federal income tax on the same amounts and in the same manner and at the same times as would have
been the case if such option had not been exercised and, in the case of the Securities of such series being Discharged pursuant to clause
(x) of the first paragraph of this Section 12.03, such Opinion of Counsel shall be based upon and accompanied by a ruling to that effect
received by the Company from or published by the Internal Revenue Service;

 

(d)
if the monies or U.S. Government Obligations or combination thereof, as the case may be, deposited under clause (a) above are sufficient
to pay the principal of and premium, if any, and interest on the Securities of such series (including, without limitation, any mandatory
sinking fund payment) or any portion thereof to be redeemed on a particular Redemption Date (including, without limitation, pursuant
to a mandatory sinking fund), the Company shall have given to the Trustee irrevocable instructions to redeem such Securities on such
date and shall have made arrangements satisfactory to the Trustee for the giving of notice of such redemption by the Trustee in the name,
and at the expense, of the Company; and

 

(e)
the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions
precedent to such action under this Indenture have been complied with.

 

“Discharged”
means, with respect to the Securities of any series, that the Company shall be deemed to have paid and discharged the entire indebtedness
represented by, and obligations under, the Securities of such series and to have satisfied all the obligations under this Indenture relating
to the Securities of such series (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the
same), except for the following, all of which shall survive such Discharge and remain in full force and effect with respect to the Securities
of such series: (A) the rights of Holders of Securities of such series to receive, from the trust fund described in clause (a) above,
payment of the principal of and premium, if any, and interest on such Securities when such payments are due, (B) Sections 3.04, 3.05,
3.06, 3.07, 3.10, 6.02 and 6.03, (C) if the Securities of such series are to be redeemed prior to their Stated Maturity, the provisions
of Article IV hereof, (D) if the Securities of such series are convertible into or exchangeable for other securities or property, the
rights of the Holders of such Securities to convert or exchange, and the obligations of the Company to convert or exchange, such Securities
into such other securities or property, (E) the provisions of this Article XII and (F) the rights, powers, trusts, duties and immunities
of the Trustee hereunder.

 

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“U.S.
Government Obligations” means securities that are (i) direct obligations of the United States for the payment of which its full
faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of
the United States the timely of payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States,
that, in either case under clauses (i) or (ii) are not callable or redeemable at the option of the issuer thereof, and shall also include
a depositary receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a specific
payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a
depositary receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount
payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation
or the specific payment of interest on or principal of the U.S. Government Obligation evidenced by such depositary receipt.

 

Section
12.04 Repayment to Company. The Trustee and any Paying Agent shall promptly pay to the Company (or to its designee) upon delivery
of a Company Order any moneys or U.S. Government Obligations deposited pursuant to Sections 12.02 and 12.03 with respect to the Securities
of any series and held by them that are in excess of the monies and/or U.S. Government Obligations that were required to effect the satisfaction
and discharge, covenant defeasance or Discharge, as applicable, with respect to the Securities of such series, including any such moneys
or obligations held by the Trustee under any escrow trust agreement entered into pursuant to Section 12.06. The provisions of Section
6.03(e) shall apply to any money held by the Trustee or any Paying Agent under this Article.

 

Section
12.05 Indemnity for U.S. Government Obligations. The Company shall pay and shall indemnify the Trustee against any tax, fee or
other charge imposed on or assessed against the deposited U.S. Government Obligations or the principal or interest received on such U.S.
Government Obligations.

 

Section
12.06 Deposits to Be Held in Escrow. Any deposits with the Trustee referred to in Section 12.03 above shall be irrevocable (except
to the extent provided in Sections 12.04 and 6.03(e)) and shall be made under the terms of an escrow trust agreement. If any Outstanding
Securities of a series are to be redeemed prior to their Stated Maturity, whether pursuant to any optional redemption provisions or in
accordance with any mandatory or optional sinking fund requirement, the applicable escrow trust agreement shall provide therefor and
the Company shall make such arrangements as are satisfactory to the Trustee for the giving of notice of redemption by the Trustee in
the name, and at the expense, of the Company.

 

Section
12.07 Application of Trust Money.

 

(a)
Neither the Trustee nor any other Paying Agent shall be required to pay interest on any moneys deposited pursuant to the provisions of
this Indenture, except such as it shall agree with the Company in writing to pay thereon.

 

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(b)
Subject to Section 6.03(e), any monies and U.S. Government Obligations which at any time shall be deposited by the Company or on its
behalf with the Trustee or any other Paying Agent for the purpose of paying the principal of, premium, if any, and interest on any of
the Securities shall be and are hereby assigned, transferred and set over to the Trustee or such other Paying Agent in trust for the
respective Holders of the Securities for the purpose for which such moneys shall have been deposited, and such funds shall be applied
by the Trustee or Paying Agent in accordance with the provisions of such Securities and this Indenture to the payment of all sums due
and to become due on such Securities in respect of principal and premium, if any, and interest; but such moneys need not be segregated
from other funds except to the extent required by law. Anything in this Indenture to the contrary notwithstanding, neither the Company
nor any of its Subsidiaries nor any of their respective Affiliates may act as Paying Agent for any Securities in respect of which money
or U.S. Government Obligations have been deposited pursuant to this Article XII.

 

Section
12.08 Deposits of Non-U.S. Currencies. Notwithstanding the foregoing provisions of this Article, if the Securities of any series
are payable in a Currency other than U.S. Dollars, the Currency or the nature of the government obligations to be deposited with the
Trustee under the foregoing provisions of this Article shall be as set forth in a Board Resolution, a Company Order or in one or more
supplemental indentures hereto.

 

ARTICLE
XIII

 

IMMUNITY OF CERTAIN PERSONS

 

Section
13.01 No Personal Liability. No recourse shall be had for the payment of the principal of, or the premium, if any, or interest
on, any Security or for any claim based thereon or otherwise in respect thereof or of the Indebtedness represented thereby, or upon any
obligation, covenant or agreement of this Indenture, against any incorporator, stockholder, officer or director, as such, past, present
or future, of the Company or of any successor corporation, either directly or through the Company or any successor corporation, whether
by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it
being expressly agreed and understood that this Indenture and the Securities are solely corporate obligations, and that no personal liability
whatsoever shall attach to, or be incurred by, any incorporator, stockholder, officer or director, as such, past, present or future,
of the Company or of any successor corporation, either directly or through the Company or any successor corporation, because of the incurring
of the Indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in
this Indenture or in any of the Securities, or to be implied herefrom or therefrom, and that all liability, if any, of that character
against every such incorporator, stockholder, officer and director is, by the acceptance of the Securities and as a condition of, and
as part of the consideration for, the execution of this Indenture and the issue of the Securities expressly waived and released.

 

ARTICLE
XIV

 

SUPPLEMENTAL INDENTURES

 

Section
14.01 Without Consent of Securityholders. Except as otherwise provided as contemplated by Section 3.01 with respect to any series
of Securities, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto,
in form satisfactory to the Trustee, for any one or more of or all the following purposes:

 

(a)
to add to the covenants and agreements of the Company, to be observed thereafter and during the period, if any, in such supplemental
indenture or indentures expressed, and to add Events of Default, in each case for the protection or benefit of the Holders of all or
any series of the Securities (and if such covenants, agreements and Events of Default are to be for the benefit of fewer than all series
of Securities, stating that such covenants, agreements and Events of Default are expressly being included for the benefit of such series
as shall be identified therein), or to surrender any right or power herein conferred upon the Company;

 

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(b)
to delete or modify any Events of Default with respect to any series of the Securities, the form and terms of which are being first established
pursuant to such supplemental indenture as permitted in Section 3.01 (and, if any such Event of Default is applicable to fewer than all
such series of the Securities, specifying the series to which such Event of Default is applicable), and to specify the rights and remedies
of the Trustee and the Holders of such Securities in connection therewith;

 

(c)
to add to or change any of the provisions of this Indenture to provide, change or eliminate any restrictions on the payment of principal
of or premium, if any, on Securities; provided that any such action shall not adversely affect the interests of the Holders of Securities
of any series in any material respect;

 

(d)
to change or eliminate any of the provisions of this Indenture; provided that any such change or elimination shall become effective only
when there is no Outstanding Security of any series created prior to the execution of such supplemental indenture that is entitled to
the benefit of such provision and as to which such supplemental indenture would apply;

 

(e)
to evidence the succession of another entity to the Company, or successive successions, and the assumption by such successor of the covenants
and obligations of the Company contained in the Securities of one or more series and in this Indenture or any supplemental indenture;

 

(f)
to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to one or more series of Securities
and to add to or change any of the provisions of this Indenture as shall be necessary for or facilitate the administration of the trusts
hereunder by more than one Trustee, pursuant to the requirements of Section 11.06(c);

 

(g)
to secure any series of Securities;

 

(h)
to evidence any changes to this Indenture pursuant to Sections 11.05, 11.06 or 11.07 hereof as permitted by the terms thereof;

 

(i)
to cure any ambiguity or inconsistency or to correct or supplement any provision contained herein or in any indenture supplemental hereto
which may be defective or inconsistent with any other provision contained herein or in any supplemental indenture or to conform the terms
hereof, as amended and supplemented, that are applicable to the Securities of any series to the description of the terms of such Securities
in the offering memorandum, prospectus supplement or other offering document applicable to such Securities at the time of initial sale
thereof;

 

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(j)
to add to or change or eliminate any provision of this Indenture as shall be necessary or desirable in accordance with any amendments
to the Trust Indenture Act;

 

(k)
to add guarantors or co-obligors with respect to any series of Securities or to release guarantors from their guarantees of Securities
in accordance with the terms of the applicable series of Securities;

 

(l)
to make any change in any series of Securities that does not adversely affect in any material respect the rights of the Holders of such
Securities;

 

(m)
to provide for uncertificated securities in addition to certificated securities;

 

(n)
to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and
discharge of any series of Securities; provided that any such action shall not adversely affect the interests of the Holders of Securities
of such series or any other series of Securities in any material respect;

 

(o)
to prohibit the authentication and delivery of additional series of Securities; or

 

(p)
to establish the form and terms of Securities of any series as permitted in Section 3.01, or to authorize the issuance of additional
Securities of a series previously authorized or to add to the conditions, limitations or restrictions on the authorized amount, terms
or purposes of issue, authentication or delivery of the Securities of any series, as herein set forth, or other conditions, limitations
or restrictions thereafter to be observed.

 

Subject
to the provisions of Section 14.03, the Trustee is authorized to join with the Company in the execution of any such supplemental indenture,
to make the further agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage
or pledge of any property or assets thereunder.

 

Any
supplemental indenture authorized by the provisions of this Section 14.01 may be executed by the Company and the Trustee without the
consent of the Holders of any of the Securities at the time Outstanding.

 

Section
14.02 With Consent of Securityholders; Limitations.

 

(a)
With the consent of the Holders (evidenced as provided in Article VIII) of a majority in aggregate principal amount of the Outstanding
Securities of each series affected by such supplemental indenture voting separately, the Company and the Trustee may, from time to time
and at any time, enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in
any manner or eliminating any provisions of this Indenture or of modifying in any manner the rights of the Holders of the Securities
of such series to be affected; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each
Outstanding Security of each such series affected thereby,

 

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(i)
extend the Stated Maturity of the principal of, or any installment of interest on, any Security, or reduce the principal amount thereof
or the interest thereon or any premium payable thereon, or extend the Stated Maturity of, or change the place of payment where, or the
Currency in which the principal of and premium, if any, or interest on such Security is denominated or payable, or reduce the amount
of the principal of an Original Issue Discount Security that would be due and payable upon acceleration of the Maturity thereof pursuant
to Section 7.02, change the ranking of any Security or, in the case of any subordinated Security, the definition of Senior Indebtedness
applicable thereto, or impair the right to institute suit for the enforcement of any payment on or after the Stated Maturity thereof
(or, in the case of redemption, on or after the Redemption Date), or materially adversely affect the economic terms of any right to convert
or exchange any Security as may be provided pursuant to Section 3.01; or

 

(ii)
reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any
supplemental indenture, or the consent of whose Holders is required for any waiver of compliance with certain provisions of this Indenture
or certain Defaults hereunder and their consequences provided for in this Indenture; or

 

(iii)
modify any of the provisions of this Section, Section 7.06 or Section 6.06, except to increase any such percentage or to provide that
certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security
affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect to changes
in the references to “the Trustee” and concomitant changes in this Section and Section 6.06, or the deletion of this proviso,
in accordance with the requirements of Sections 11.06 and 14.01(f); or

 

(iv)
[reserved]

 

(v)
modify, without the written consent of the Trustee, the rights, duties or immunities of the Trustee.

 

(b)
A supplemental indenture that changes or eliminates any provision of this Indenture which has expressly been included solely for the
benefit of one or more particular series of Securities or which modifies the rights of the Holders of Securities of such series with
respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities
of any other series.

 

(c)
It shall not be necessary for the consent of the Securityholders under this Section 14.02 to approve the particular form of any proposed
supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof.

 

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(d)
The Company may set a record date for purposes of determining the identity of the Holders of each series of Securities entitled to give
a written consent or waive compliance by the Company as authorized or permitted by this Section. Such record date shall not be more than
30 days prior to the first solicitation of such consent or waiver or the date of the most recent list of Holders furnished to the Trustee
prior to such solicitation pursuant to Section 312 of the Trust Indenture Act.

 

(e)
Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section
14.02, the Company shall mail a notice, setting forth in general terms the substance of such supplemental indenture, to the Holders of
Securities at their addresses as the same shall then appear in the Register of the Company. Any failure of the Company to mail such notice,
or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture.

 

Section
14.03 Trustee Protected. Upon the request of the Company, accompanied by the Officer’s Certificate and Opinion of Counsel
required by Section 16.01 (provided, however, that such Officer’s Certificate or Opinion of Counsel need not be provided in connection
with the execution of a supplemental indenture that establishes the terms of a series of Securities pursuant to Section 2.01 hereof)
and evidence reasonably satisfactory to the Trustee of consent of the Holders if the supplemental indenture is to be executed pursuant
to Section 14.02, the Trustee shall join with the Company in the execution of said supplemental indenture unless said supplemental indenture
affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its
discretion, but shall not be obligated to, enter into said supplemental indenture. The Trustee shall be fully protected in relying upon
such Officer’s Certificate and Opinion of Counsel.

 

Section
14.04 Effect of Execution of Supplemental Indenture. Upon the execution of any supplemental indenture pursuant to the provisions
of this Article XIV, this Indenture shall be deemed to be modified and amended in accordance therewith and, except as herein otherwise
expressly provided, the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee,
the Company and the Holders of all of the Securities or of the Securities of any series affected, as the case may be, shall thereafter
be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions
of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes.

 

Section
14.05 Notation on or Exchange of Securities. Securities of any series authenticated and delivered after the execution of any supplemental
indenture pursuant to the provisions of this Article may bear a notation in the form approved by the Trustee as to any matter provided
for in such supplemental indenture. If the Company or the Trustee shall so determine, new Securities so modified as to conform, in the
opinion of the Trustee and the Board of Directors of the Company, to any modification of this Indenture contained in any such supplemental
indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for the Securities then
Outstanding in equal aggregate principal amounts, and such exchange shall be made without cost to the Holders of the Securities.

 

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

 

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ARTICLE
XV

 

SUBORDINATION OF SECURITIES

 

Section
15.01 Agreement to Subordinate. In the event a series of Securities is designated as subordinated pursuant to Section 3.01, and
except as otherwise provided in a Company Order or in one or more indentures supplemental hereto, the Company, for itself, its successors
and assigns, covenants and agrees, and each Holder of Securities of such series by his, her or its acceptance thereof, likewise covenants
and agrees, that the payment of the principal of (and premium, if any) and interest, if any, on each and all of the Securities of such
series is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment
in full of all Senior Indebtedness. In the event a series of Securities is not designated as subordinated pursuant to Section 3.01(t),
this Article XV shall have no effect upon the Securities.

 

Section
15.02 Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Securities. Subject to Section 15.01, upon any
distribution of assets of the Company upon any dissolution, winding up, liquidation or reorganization of the Company, whether in bankruptcy,
insolvency, reorganization or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of
the assets and liabilities of the Company or otherwise (subject to the power of a court of competent jurisdiction to make other equitable
provision reflecting the rights conferred in this Indenture upon the Senior Indebtedness and the holders thereof with respect to the
Securities and the holders thereof by a lawful plan of reorganization under applicable bankruptcy law):

 

(a)
the holders of all Senior Indebtedness shall be entitled to receive payment in full of the principal thereof (and premium, if any) and
interest due thereon before the Holders of the Securities are entitled to receive any payment upon the principal (or premium, if any)
or interest, if any, on Indebtedness evidenced by the Securities; and

 

(b)
any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, to which the
Holders of the Securities or the Trustee would be entitled except for the provisions of this Article XV shall be paid by the liquidation
trustee or agent or other Person making such payment or distribution, whether a trustee in bankruptcy, a receiver or liquidating trustee
or otherwise, directly to the holders of Senior Indebtedness or their representative or representatives or to the trustee or trustees
under any indenture under which any instruments evidencing any of such Senior Indebtedness may have been issued, ratably according to
the aggregate amounts remaining unpaid on account of the principal of (and premium, if any) and interest on the Senior Indebtedness held
or represented by each, to the extent necessary to make payment in full of all Senior Indebtedness remaining unpaid, after giving effect
to any concurrent payment or distribution to the holders of such Senior Indebtedness; and

 

    64

     

    

 

(c)
in the event that, notwithstanding the foregoing, any payment or distribution of assets of the Company of any kind or character, whether
in cash, property or securities prohibited by the foregoing, shall be received by the Trustee or the Holders of the Securities before
all Senior Indebtedness is paid in full, such payment or distribution shall be paid over, upon written notice to a Responsible Officer
of the Trustee, to the holder of such Senior Indebtedness or his, her or its representative or representatives or to the trustee or trustees
under any indenture under which any instrument evidencing any of such Senior Indebtedness may have been issued, ratably as aforesaid,
as calculated by the Company, for application to payment of all Senior Indebtedness remaining unpaid until all such Senior Indebtedness
shall have been paid in full, after giving effect to any concurrent payment or distribution to the holders of such Senior Indebtedness.

 

(d)
Subject to the payment in full of all Senior Indebtedness, the Holders of the Securities shall be subrogated to the rights of the holders
of Senior Indebtedness (to the extent that distributions otherwise payable to such holder have been applied to the payment of Senior
Indebtedness) to receive payments or distributions of cash, property or securities of the Company applicable to Senior Indebtedness until
the principal of (and premium, if any) and interest, if any, on the Securities shall be paid in full and no such payments or distributions
to the Holders of the Securities of cash, property or securities otherwise distributable to the holders of Senior Indebtedness shall,
as between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the Securities be deemed to be
a payment by the Company to or on account of the Securities. It is understood that the provisions of this Article XV are and are intended
solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand, and the holders of the Senior
Indebtedness, on the other hand. Nothing contained in this Article XV or elsewhere in this Indenture or in the Securities is intended
to or shall impair, as between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the Securities,
the obligation of the Company, which is unconditional and absolute, to pay to the Holders of the Securities the principal of (and premium,
if any) and interest, if any, on the Securities as and when the same shall become due and payable in accordance with their terms, or
to affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of Senior Indebtedness,
nor shall anything herein or in the Securities prevent the Trustee or the Holder of any Security from exercising all remedies otherwise
permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article XV of the holders of
Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Upon any
payment or distribution of assets of the Company referred to in this Article XV, the Trustee, subject to the provisions of Section 15.06,
shall be entitled to conclusively rely upon a certificate of the liquidating trustee or agent or other person making any distribution
to the Trustee for the purpose of ascertaining the Persons entitled to participate in such distribution, the holders of Senior Indebtedness
and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereof and all
other facts pertinent thereto or to this Article XV.

 

Section
15.03 No Payment on Securities in Event of Default on Senior Indebtedness. Subject to Section 15.01, no payment by the Company
on account of principal (or premium, if any), sinking funds or interest, if any, on the Securities shall be made at any time if: (i)
a default on Senior Indebtedness exists that permits the holders of such Senior Indebtedness to accelerate its maturity and (ii) the
default is the subject of judicial proceedings or the Company has received notice of such default. The Company may resume payments on
the Securities when full payment of amounts then due for principal (premium, if any), sinking funds and interest on Senior Indebtedness
has been made or duly provided for in money or money’s worth.

 

    65

     

    

 

In
the event that, notwithstanding the foregoing, any payment shall be received by the Trustee when such payment is prohibited by the preceding
paragraph of this Section 15.03, such payment shall be held in trust for the benefit of, and shall be paid over or delivered to, the
holders of such Senior Indebtedness or their respective representatives, or to the trustee or trustees under any indenture pursuant to
which any of such Senior Indebtedness may have been issued, as their respective interests may appear, as calculated by the Company, but
only to the extent that the holders of such Senior Indebtedness (or their representative or representatives or a trustee) notify the
Trustee in writing within 90 days of such payment of the amounts then due and owing on such Senior Indebtedness and only the amounts
specified in such notice to the Trustee shall be paid to the holders of such Senior Indebtedness.

 

Section
15.04 Payments on Securities Permitted. Subject to Section 15.01, nothing contained in this Indenture or in any of the Securities
shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections
15.02 and 15.03, payments of principal of (or premium, if any) or interest, if any, on the Securities or (b) prevent the application
by the Trustee of any moneys or assets deposited with it hereunder to the payment of or on account of the principal of (or premium, if
any) or interest, if any, on the Securities, unless a Responsible Officer of the Trustee shall have received at its Corporate Trust Office
written notice of any fact prohibiting the making of such payment from the Company or from the holder of any Senior Indebtedness or from
the trustee for any such holder, together with proof satisfactory to the Trustee of such holding of Senior Indebtedness or of the authority
of such trustee more than two Business Days prior to the date fixed for such payment.

 

Section
15.05 Authorization of Securityholders to Trustee to Effect Subordination. Subject to Section 15.01, each Holder of Securities
by his acceptance thereof authorizes and directs the Trustee on his, her or its behalf to take such action as may be necessary or appropriate
to effectuate the subordination as provided in this Article XV and appoints the Trustee his attorney-in-fact for any and all such purposes.

 

Section
15.06 Notices to Trustee. The Company shall give prompt written notice to a Responsible Officer of the Trustee of any fact known
to the Company that would prohibit the making of any payment of monies or assets to or by the Trustee in respect of the Securities of
any series pursuant to the provisions of this Article XV. Subject to Section 15.01, notwithstanding the provisions of this Article XV
or any other provisions of this Indenture, neither the Trustee nor any Paying Agent (other than the Company) shall be charged with knowledge
of the existence of any Senior Indebtedness or of any fact which would prohibit the making of any payment of moneys or assets to or by
the Trustee or such Paying Agent, unless and until a Responsible Officer of the Trustee or such Paying Agent shall have received (in
the case of a Responsible Officer of the Trustee, at the Corporate Trust Office of the Trustee) written notice thereof from the Company
or from the holder of any Senior Indebtedness or from the trustee for any such holder, together with proof satisfactory to the Trustee
of such holding of Senior Indebtedness or of the authority of such trustee and, prior to the receipt of any such written notice, the
Trustee shall be entitled in all respects conclusively to presume that no such facts exist; provided, however, that if at least two Business
Days prior to the date upon which by the terms hereof any such moneys or assets may become payable for any purpose (including, without
limitation, the payment of either the principal (or premium, if any) or interest, if any, on any Security) a Responsible Officer of the
Trustee shall not have received with respect to such moneys or assets the notice provided for in this Section 15.06, then, anything herein
contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such moneys or assets and to apply
the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received by
it within two Business Days prior to such date. The Trustee shall be entitled to rely on the delivery to it of a written notice by a
Person representing himself to be a holder of Senior Indebtedness (or a trustee on behalf of such holder) to establish that such a notice
has been given by a holder of Senior Indebtedness or a trustee on behalf of any such holder. In the event that the Trustee determines
in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness to participate
in any payment or distribution pursuant to this Article XV, the Trustee may request such Person to furnish evidence to the reasonable
satisfaction of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled
to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article XV and,
if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of
such Person to receive such payment.

 

    66

     

    

 

Section
15.07 Trustee as Holder of Senior Indebtedness. Subject to Section 15.01, the Trustee in its individual capacity shall be entitled
to all the rights set forth in this Article XV in respect of any Senior Indebtedness at any time held by it to the same extent as any
other holder of Senior Indebtedness and nothing in this Indenture shall be construed to deprive the Trustee of any of its rights as such
holder. Nothing in this Article XV shall apply to claims of, or payments to, the Trustee under or pursuant to Sections 7.05 or 11.01.

 

Section
15.08 Modifications of Terms of Senior Indebtedness. Subject to Section 15.01, any renewal or extension of the time of payment
of any Senior Indebtedness or the exercise by the holders of Senior Indebtedness of any of their rights under any instrument creating
or evidencing Senior Indebtedness, including, without limitation, the waiver of default thereunder, may be made or done all without notice
to or assent from the Holders of the Securities or the Trustee. To the extent permitted by applicable law, no compromise, alteration,
amendment, modification, extension, renewal or other change of, or waiver, consent or other action in respect of, any liability or obligation
under or in respect of, or of any of the terms, covenants or conditions of any indenture or other instrument under which any Senior Indebtedness
is outstanding or of such Senior Indebtedness, whether or not such release is in accordance with the provisions of any applicable document,
shall in any way alter or affect any of the provisions of this Article XV or of the Securities relating to the subordination thereof.

 

Section
15.09 Reliance on Judicial Order or Certificate of Liquidating Agent. Subject to Section 15.01, upon any payment or distribution
of assets of the Company referred to in this Article XV, the Trustee and the Holders of the Securities shall be entitled to conclusively
rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation,
reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating
trustee, custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered
to the Trustee or to the Holders of Securities, for the purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the holders of Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount
or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article XV.

 

Section
15.10 Satisfaction and Discharge; Defeasance and Covenant Defeasance. Subject to Section 15.01, amounts and U.S. Government Obligations
deposited in trust with the Trustee pursuant to and in accordance with Article XII and not, at the time of such deposit, prohibited to
be deposited under Sections 15.02 or 15.03 shall not be subject to this Article XV.

 

Section
15.11 Trustee Not Fiduciary for Holders of Senior Indebtedness. With respect to the holders of Senior Indebtedness, the Trustee
undertakes to perform or observe only such of its covenants and obligations as are specifically set forth in this Article XV, and no
implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee.
The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness. The Trustee shall not be liable to any
such holder if it shall pay over or distribute to or on behalf of Holders of Securities or the Company, or any other Person, moneys or
assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XV or otherwise.

 

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ARTICLE
XVI

 

MISCELLANEOUS PROVISIONS

 

Section
16.01 Certificates and Opinions as to Conditions Precedent.

 

(a)
Upon any request or application by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company
shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture
relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such
conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing of
such document is specifically required by any provision of this Indenture relating to such particular application or demand, no additional
certificate or opinion need be furnished.

 

(b)
Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or
covenant provided for in this Indenture (other than the certificates provided pursuant to Section 6.05 of this Indenture) shall include
(i) a statement that the Person giving such certificate or opinion has read such covenant or condition; (ii) a brief statement as to
the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion
are based; (iii) a statement that, in the view or opinion of such Person, he or she has made such examination or investigation as is
necessary to enable such Person to express an informed view or opinion as to whether or not such covenant or condition has been complied
with; and (iv) a statement as to whether or not, in the view or opinion of such Person, such condition or covenant has been complied
with.

 

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

 

(d)
Any certificate, statement or opinion of an officer of the Company or of counsel to the Company may be based, insofar as it relates to
accounting matters, upon a certificate or opinion of, or representations by, an accountant or firm of accountants, unless such officer
or counsel, as the case may be, knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations
with respect to the accounting matters upon which his or her certificate, statement or opinion may be based are erroneous. Any certificate
or opinion of any firm of independent registered public accountants filed with the Trustee shall contain a statement that such firm is
independent.

 

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

 

(f)
Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions
or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument.

 

Section
16.02 Trust Indenture Act Controls. If and to the extent that any provision of this Indenture limits, qualifies or conflicts with
the duties imposed by, or another provision included in this Indenture which is required to be included in this Indenture by any of the
provisions of Sections 310 to 318, inclusive, of the Trust Indenture Act, such imposed duties or incorporated provision shall control.

 

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Section
16.03 Notices to the Company and Trustee. Any notice or demand authorized by this Indenture to be made upon, given or furnished
to, or filed with, the Company or the Trustee shall be sufficiently made, given, furnished or filed for all purposes if it shall be mailed,
delivered or telefaxed to:

 

(a)
the Company, at [     ], Attention: [     ], emails:[     ], or at such other address or emails as may have been furnished in writing to the Trustee
by the Company.

 

(b)
the Trustee, at the Corporate Trust Office of the Trustee, Attention: Trust Administrator, email: [     ].

 

Any
such notice, demand or other document shall be in the English language.

 

Section
16.04 Notices to Securityholders; Waiver. Any notice required or permitted to be given to Securityholders shall be sufficiently
given (unless otherwise herein expressly provided),

 

(a)
if to Holders, if given in writing by first class mail, postage prepaid, to such Holders at their addresses as the same shall appear
on the Register of the Company; provided, that in the event of suspension of regular mail service or by reason of any other cause
it shall be impracticable to give notice by mail, then such notification as shall be given with the approval of the Trustee shall constitute
sufficient notice for every purpose hereunder; or

 

(b)
If a series of Securities has been issued in the form of one or more Global Securities through DTC as Depositary, notice may be provided
with respect to such series of Securities by delivery of such notice to DTC for posting through its “Legal Notice Service”
(LENS) or a successor system thereof.

 

Where
this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice,
either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed
with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance on such waiver.
In any case where notice to Holders is given by mail; neither the failure to mail such notice nor any defect in any notice so mailed
to any particular Holder shall affect the sufficiency of such notice with respect to other Holders, and any notice that is mailed in
the manner herein provided shall be conclusively presumed to have been duly given. In any case where notice to Holders is given by publication,
any defect in any notice so published as to any particular Holder shall not affect the sufficiency of such notice with respect to other
Holders, and any notice that is published in the manner herein provided shall be conclusively presumed to have been duly given.

 

Section
16.05 Legal Holiday. Unless otherwise specified pursuant to Section 3.01, in any case where any Interest Payment Date, Redemption
Date or Maturity of any Security of any series shall not be a Business Day at any Place of Payment for the Securities of that series,
then payment of principal and premium, if any, or interest need not be made at such Place of Payment on such date, but may be made on
the next succeeding Business Day at such Place of Payment with the same force and effect as if made on such Interest Payment Date, Redemption
Date or Maturity and no interest shall accrue on such payment for the period from and after such Interest Payment Date, Redemption Date
or Maturity, as the case may be, to such Business Day if such payment is made or duly provided for on such Business Day.

 

Section
16.06 Effects of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for convenience
only and shall not affect the construction hereof.

 

Section
16.07 Successors and Assigns. All covenants and agreements in this Indenture by the parties hereto shall bind their respective
successors and assigns and inure to the benefit of their permitted successors and assigns, whether so expressed or not.

 

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

 

Section
16.09 Benefits of Indenture. Nothing in this Indenture expressed and nothing that may be implied from any of the provisions hereof
is intended, or shall be construed, to confer upon, or to give to, any Person or corporation other than the parties hereto and their
successors and the Holders of the Securities any benefit or any right, remedy or claim under or by reason of this Indenture or any covenant,
condition, stipulation, promise or agreement hereof, and all covenants, conditions, stipulations, promises and agreements in this Indenture
contained shall be for the sole and exclusive benefit of the parties hereto and their successors and of the Holders of the Securities.

 

Section
16.10 Counterparts Originals. This Indenture may be executed in any number of counterparts, each of which so executed shall be
deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

 

Section
16.11 Governing Law; Waiver of Trial by Jury. This Indenture and the Securities shall be deemed to be contracts made under the
law of the State of New York, and for all purposes shall be governed by and construed in accordance with the law of said State.

 

EACH
PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH
THIS INDENTURE.

 

Section
16.12 Electronic Signatures. This Indenture and any certificate, agreement or other document to be signed in connection with this
Indenture and the transactions contemplated hereby shall be valid, binding and enforceable against a party only when executed and delivered
by an authorized individual on behalf of the party by means of (i) an original manual signature, (ii) a faxed, scanned or photocopied
manual signature or (iii) in the case of this Indenture and any certificate, agreement or other document to be signed in connection with
this Indenture and the transactions contemplated hereby, other than any Security or Global Security, any electronic signature permitted
by the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions Act,
and/or any other relevant electronic signatures law, including relevant provisions of the Uniform Commercial Code (collectively, “Signature
Law”). Each electronic signature (except in the case of any Security or Global Security) or faxed, scanned or photocopied manual
signature shall for all purposes have the same validity, legal effect and admissibility in evidence as an original manual signature.
Each party hereto shall be entitled to conclusively rely upon, and shall have no liability with respect to, any faxed, scanned or photocopied
manual signature, or other electronic signature (except in the case of any Security or Global Security), of any party and shall have
no duty to investigate, confirm or otherwise verify the validity or authenticity thereof. For avoidance of doubt, original manual signatures
shall be used for execution or indorsement of writings when required under the Uniform Commercial Code or other Signature Law due to
the character or intended character of the writings.

 

[Signature
Page Follows]

 

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

 

	 	FREYR BATTERY,
	 	as Issuer
	 	 
	 	By: 	                              
	 	Name:
	 	Title:
	 	 
	 	___________,
	 	as Trustee
	 	 
	 	By:	 
	 	Name:
	 	Title:

 

[Signature
Page to Base Indenture]Exhibit
10.1

 

FORM
OF SHARE EXCHANGE AGREEMENT

 

Strictly
Private and Confidential

 

To:

 

[●]

[To
be updated with shareholder details]

[insert
address]

[Attention:
[●]]

(“Seller”)

 

From:

 

FAT
PROJECTS ACQUISITIONS CORP.

27
Bukit Manis Road

Singapore,
099892

Sentosa
Golf Club

Attention:
[●]

(“Acquiror”)

 

Date:

 

SALE
OF ALL SHARES IN AVANSEUS HOLDINGS PTE. LTD. TO FAT PROJECTS ACQUISITION CORP.

 

Dear
Seller,

 

		1.	Pursuant
to the business combination agreement entered into between Avanseus Holdings Pte. Ltd. (“Avanseus”) and the Acquiror
dated [insert date] (the “BCA”),
the Seller as legal and beneficial owner of the Subject Shares (as defined below in paragraph 3) has agreed to sell to the Acquiror,
and the Acquiror has agreed to purchase the Subject Shares from the Seller at and subject to the occurrence of the Closing (as defined
in paragraph 5 below) on the terms and conditions as set out in this share exchange agreement (the “Agreement”).

 

		2.	The
                                            Seller acknowledges and agrees that Seller has received a copy of the BCA (including all
                                            exhibits thereto) and a copy of the Proxy Statement/Prospectus of Acquiror dated [●]
                                            (the “Prospectus”) included in the registration statement on Form S-4
                                            filed by the Acquiror with the U.S. Securities and Exchange Commission (the “SEC”)
                                            and declared effective by the SEC on [●] (Commission File No. [●])

 

		3.	Subject
Shares: The Seller is the legal and beneficial owner of the shares issued in the share capital of Avanseus set out below (the “Subject
Shares”). Seller represents and warrants to Acquiror that the Subject Shares represent all of the Avanseus shares owned by
Seller.

 

	Class
    of Shares	Number
    of Shares
	[to
    insert]	[to
    insert]

 

    1

     

    

 

		4.	Conversion
                                            of Series A preference shares into ordinary shares: To the extent that any of the Subject
                                            Shares are Series A preference shares, the Seller hereby agrees to the conversion of each
                                            and every Series A preference share issued in the share capital of Avanseus held by the Seller,
                                            with each such Series A preference share being converted into one (1) ordinary share issued
                                            in the share capital of Avanseus on a date to be notified by Avanseus to the Seller on or
                                            prior to Closing (as defined in paragraph 5 below). For the avoidance of doubt, any such
                                            ordinary shares issued in the share capital of Avanseus to the Seller upon conversion of
                                            the Series A preference shares held by such Seller shall be included in the definition of
                                            “Subject Shares”.

 

		5.	Subject
                                            Shares shall be free of Encumbrances: The Subject Shares shall be free from all claim,
                                            charge, mortgage, lien, option, equity, power of sale, hypothecation, retention of title,
                                            right of pre-emption, right of first refusal or other third party right or security interest
                                            of any kind or an agreement, arrangement or obligation to create any of the foregoing (“Encumbrances”)
                                            and shall be transferred with all rights, title and benefits attaching to them at or after
                                            closing of the sale and purchase of the Subject Shares in accordance with the terms and conditions
                                            of this Agreement (“Closing”).

 

		6.	Waiver: The Seller waives all rights of pre-emption and other restrictions on transfer over the Subject Shares (or any other shares in
                                                                                                                                                                                                                                                                          the capital of the Avanseus) conferred on it so as to permit the sale and purchase of the Subject Shares (and the sale and purchase
                                                                                                                                                                                                                                                                          of any other shares in the capital of the Avanseus, where the Acquiror is the person acquiring such shares).

 

		7.	Consideration
                                            for sale and purchase of Subject Shares: The consideration for the transfer of the Subject
                                            Shares by the Seller to the Acquiror shall be the amount of [US$3.187 per share, which shall
                                            be satisfied by the Acquiror allotting and issuing [0.3187] Class A ordinary shares
                                            in the capital of the Acquiror to the Seller for each Subject Share (the “Consideration
                                            Shares”). The Consideration Shares shall, when issued to the Seller, be free from
                                            all Encumbrances and shall rank pari passu in all respects with all ordinary shares
                                            then in issue in the capital of the Acquiror.

 

		8.	Conditions
                                            precedent to exchange: Closing is conditional upon satisfaction of the following conditions
                                            on or before the date that is [●] Business Days after the date of the Prospectus (where
                                            “Business Day” means a day other than a Saturday, Sunday or other day
                                            on which commercial banks in Hong Kong, Singapore, or New York or Governmental Authorities
                                            in the Cayman Islands are customarily closed):

 

		a.	the
                                            Seller shall deliver to Acquiror a copy of the instrument of transfer (attached hereto as
                                            Annex A) duly executed by the Seller; and

 

		b.	the
                                            Seller shall deliver to Acquirior:

 

		i.	the
original share certificate(s) issued by Avanseus to the Seller for the Subject Shares to hold pending Closing and for cancellation upon
Closing; or

 

		ii.	if
such share certificate(s) have been lost or destroyed, the duly executed share certificate indemnity form (the form of which may be requested
from Avanseus).

 

		9.	Closing:
                                            Subject to the satisfaction or waiver by Acquiror or Avanseus, as applicable, of all of the
                                            conditions in the BCA to the obligations of the Acquiror and Avanseus to close the transactions
                                            contemplated in the BCA and the conditions precedent set out in paragraph 8 above (together,
                                            the “Conditions”) being satisfied, Closing shall take place at such time
                                            and in such manner stipulated by the BCA or such other date as notified to the Seller by
                                            Avanseus. The Seller shall do and execute or procure to be done and executed all such further
                                            acts, deeds, things and documents as may be necessary for the purposes of the satisfaction
                                            of the Conditions.

 

    2

     

    

 

		10.	Acquiror’s
                                            and Seller’s Closing Obligations: On Closing and subject to the satisfaction of
                                            the Conditions, the Acquiror shall initiate the procedures set forth in Section 4.2
                                            of the BCA for the issuance of the Consideration Shares to the Seller in accordance with
                                            the provisions of such Section 4.2 and Seller shall execute and deliver to the Exchange
                                            Agent (as defined in such Section 4.2) such letters of transmittal and agents messages
                                            and other deliverables as the Exchange Agent may request as a condition to Seller’s
                                            receipt of the Consideration Shares.

 

		11.	Seller’s
                                            Warranties: The Seller warrants and represents to the Acquiror as of the date of this
                                            Agreement and on Closing that:

 

		a.	if
                                            the Seller owns any Series A preference shares issued in the share capital of Avanseus, the
                                            Seller shall procure that these Series A preference shares shall be validly converted into
                                            ordinary shares and comprise the Subject Shares at Closing;

 

		b.	the
                                            Seller has the legal right and full power and authority to enter into and perform this Agreement
                                            and any other ancillary documents to which it is a party, which when executed will constitute
                                            valid and binding obligations of the Seller, in accordance with their respective terms;

 

		c.	the
                                            execution and delivery of, and the performance by, the Seller of its obligations under this
                                            Agreement and the ancillary documents to which it is a party will not:

 

		i.	if
applicable, result in a breach of any provision of the constitution or equivalent constitutional document of the Seller; or

 

		ii.	result
in a breach of any order, judgment or decree of any court, governmental agency or regulatory body to which the Seller is a party or by
which the Seller or any of its assets is bound;

 

		d.	the
                                            Seller is and will on Closing be beneficially entitled to or is otherwise able to procure
                                            the transfer of the Subject Shares to the Acquiror;

 

		e.	the
                                            Subject Shares, and the transfer thereof to Acquiror as contemplated herein, are and will
                                            on Closing be free from any and all Encumbrances whatsoever.

 

		f.	If
                                            the Seller is an affiliate of Acquiror immediately following the Closing, Seller acknowledges
                                            and agrees that the Consideration Shares will, for purposes of US securities laws, represent
                                            control securities and may not be offered or sold except pursuant to an effective registration
                                            statement under the Securities Act of 1933, as amended (the “Securities Act”),
                                            pursuant to an available exemption from registration or in a transaction not subject to the
                                            registration requirements of the Securities Act and in accordance with applicable securities
                                            laws.

 

		12.	Acquiror’s
                                            Warranties: The Acquiror warrants and represents to the Seller as of the date of this
                                            Agreement and on Closing that:

 

		a.	the
                                            Acquiror is a company duly incorporated and validly existing under the laws of the Cayman
                                            Islands;

 

		b.	the
                                            Acquiror has the legal right and full power and authority to enter into and perform this
                                            Agreement and any other ancillary documents to which it is a party, which when executed will
                                            constitute valid and binding obligations of the Acquiror, in accordance with their respective
                                            terms;

 

    3

     

    

 

		c.	the
                                            execution and delivery of, and the performance by, the Acquiror of its obligations under,
                                            this Agreement and the ancillary documents to which it is a party will not:

 

		i.	result
in a breach of any provision of the constitution or equivalent constitutional document of the Acquiror; or

 

		ii.	result
in a breach of any order, judgment or decree of any court, governmental agency or regulatory body to which the Acquiror is a party or
by which the Acquiror or any of its assets is bound;

 

		d.	the
                                            Consideration Shares are and will on Closing:-

 

		i.	be
free from any and all Encumbrances whatsoever;

 

		ii.	rank
pari passu in all respects with all ordinary shares then in issue in the share capital of the Acquiror; and

 

		iii.	be
validly issued, allotted and credited as fully paid-up;

 

		e.	all
                                            consents (if required) for the purchase of the Subject Shares and for the allotment and issuance
                                            of the Consideration Shares have been obtained or will be obtained by Closing.

 

		13.	Covenants:
                                            If the Seller defaults on the terms of this Agreement, Avanseus shall have the right (but
                                            not the obligation) to transfer the Subject Shares (or any part thereof) to the Acquiror
                                            at the price as set out in paragraph 7 of this Agreement. In the event of such a transfer,
                                            any director or the secretary of Avanseus shall be deemed to be appointed as the Seller’s
                                            attorney with full power to do all such acts, matters, and things and to execute transfers
                                            and other documents on the Seller’s behalf to effect compliance of the Seller’s
                                            obligations under this Agreement. The Seller hereby ratifies and confirms all such actions
                                            carried out on his/her/its behalf by the attorney(s). Issuance of the Consideration Shares
                                            in the Seller’s name shall be good discharge to the Acquiror. Nothing in this paragraph
                                            shall prejudice any other legal or equitable remedy which is available to the Acquiror.

 

		14.	Stamp
                                            duty: The Acquiror shall bear the cost of all stamp duty arising in connection with this
                                            Agreement and the transfer of shares contemplated in this Agreement.

 

		15.	Termination:
                                            In the event that the BCA is terminated for any reason without the occurrence of the Closing,
                                            this Agreement shall be automatically terminated with immediate effect, and neither Seller
                                            nor Acquiror shall have any liability under or in connection with this Agreement to the other
                                            or to any other person.

 

		16.	General
                                            provisions:

 

		a.	The
                                            Seller and the Acquiror (the “Parties”) agree that the agreements made
                                            by the Parties pursuant to this Agreement are irrevocable.

 

		b.	The
                                            Seller acknowledges, agrees and authorises any director or the secretary of Avanseus to date
                                            and release any documents executed by the Seller for the purpose of the sale and purchase
                                            of the Subject Shares pursuant to this Agreement, including for the avoidance of doubt, any
                                            instrument of transfer executed by the Seller in relation to the Subject Shares.

 

    4

     

    

 

		c.	This
                                            Agreement and all of the provisions hereof shall be binding upon and inure to the benefit
                                            of the Parties and their respective successors and permitted assigns, provided that neither
                                            this Agreement nor any of the rights, interests or obligations hereunder shall be assigned
                                            by any Party without the prior written consent of the other Party.

 

		d.	If
                                            any provision of this Agreement or part thereof is rendered void, illegal or unenforceable
                                            by any legislation to which it is subject, it shall be rendered void, illegal or unenforceable
                                            to that extent and no further and shall not affect the validity, legality or enforceability
                                            of any other provision of this Agreement.

 

		e.	No
                                            variation of this Agreement shall be effective unless in writing and signed by both Parties.

 

		f.	This
                                            Agreement may be signed in any number of counterparts and by the Parties on separate counterparts,
                                            each of which, when so executed, shall be an original, but all counterparts shall together
                                            constitute one and the same document. Signatures may be exchanged by e-mail, with original
                                            signatures to follow. Each Party agrees to be bound by its own electronic signature and that
                                            it accepts the electronic signature of the other Parties.

 

		g.	This
                                            Agreement shall constitute the entire agreement and understanding between the Parties relating
                                            to the subject matter of this Agreement and shall supersede and replace any previous written
                                            or oral agreement among the Parties in relation to the same.

 

		h.	A
                                            person who is not party to this Agreement, other than Avanseus, has no rights under the Contracts
                                            (Rights of Third Parties) Act 2001 of Singapore to enforce any term of this Agreement. Avanseus
                                            may enforce any right explicitly granted to Iit herein as though it were a party to this
                                            Agreement

 

		i.	This
                                            Agreement shall be governed by, and construed in accordance with, the laws of Singapore.
                                            The Parties agree to submit to the non-exclusive jurisdiction of the courts of Singapore.

 

Signatures
on following page.

 

    5

     

    

 

Acquiror

 

For
and on behalf of

FAT
PROJECTS ACQUISITION CORP.

 

	 	 
	 	 
	Name:	 	 
	Title:	 	 

 

	Seller	 	 
	 	 	 
	 	 

 

[Execution
block to be updated]

 

    6

     

    

 

ANNEX
A

 

TRANSFER

 

		I/We	[insert
name of shareholder] ([Company Registration No. / Identification No.]: [●]) of [Address]

 

hereinafter
called the said Transferor

 

In
consideration of the sum of US$[3.187] per Ordinary Share or Non-Voting Share of Avanseus Holdings Pte. Ltd. for a total of US$[●]

 

	satisfied
                            by	FAT
PROJECTS ACQUISITIONS CORP. (Company Registration No.: 374480),
	 	a
Cayman Islands exempted company limited by shares of
	 	27
Bukit Manis Road, Sentosa Golf Club, Singapore 099892

 

hereinafter
called the said Transferee,

 

allotting
and issuing [0.3187] Class A ordinary shares in the Transferee for each Ordinary Share or Non-Voting Share of Avanseus Holdings Pte.
Ltd. in our name for a total of [●] Class A ordinary shares in Transferee

 

Do
hereby bargain, sell, assign and transfer to the said Transferee

 

[insert
number of shares] Ordinary Shares fully paid; and

[insert
number of shares] Non-Voting Shares fully paid

 

of
and in the undertaking called the AVANSEUS HOLDINGS PTE. LTD. (Company Registration No.: 201526265R)

 

TO
HOLD unto the said Transferee Executors, Administrators, and Assigns, subject to several conditions on which held the same immediately
before the execution hereof, and the said Transferee, do hereby agree to accept the said share(s) subject to the conditions aforesaid.

 

Date:

 

	Transferor	Signature	 
	Name:	 	 	 
	Title:	 	 	 

 

	Transferee	Signature	 
	Name:	 	 	 
	Title:	 	 	 

 

 

Note:
This share transfer instrument may be executed in counterparts and each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.

 

    7

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