Document:

EX-4.1

 Exhibit 4.1 

Amended Share Incentive Plan 

DINGDONG (CAYMAN) LIMITED 

2020 Share Incentive Plan 
  

	1.	 Introduction 

 

	1.1	 This Plan is the share incentive plan (the “Plan”) of Dingdong (Cayman) Limited, an exempted
company duly incorporated and validly existing under the laws of the Cayman Islands, with its registered number SI-343779, (the “Company”). The Plan is the successor to that certain version
thereof that became effective on September 5, 2020, and any predecessor versions thereof (collectively, the “Prior Plan”), it being understood that the provisions of the Prior Plan shall no longer remain in effect upon the
Effective Date. 

  

	1.2	 The purpose of this Plan is to promote the success of the Company by enhancing the Company’s value of
“going hand in hand towards the same goal to achieve success” and building a “strivers-oriented” culture, combining the development of the Company with the personal development of employees, and linking the interests of the
Company to those of employees. 

  

	2.	 Definitions 

 

	2.1	 The following terms used in this Plan shall have the meanings specified below: 

“Administrator” shall mean the entity that conducts the general administration of the Plan as provided in Article 3. With
reference to the duties of the Committee under the Plan which have been delegated to one or more persons pursuant to Section 3.6, or as to which the Board has assumed, the term “Administrator” shall refer to such person(s) unless the
Committee or the Board has revoked such delegation or the Board has terminated the assumption of such duties; 
 “Applicable
Laws” means the legal requirements relating to the Plan and the Options under applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders, and the rules of any applicable stock exchange
or national market system, of any jurisdiction where Options are granted under the Plan; 
 “Award Agreement” shall mean the
Notice of Grant, Notice of Exercise, and any other written notice, agreement, terms and conditions, contract or other instrument or document evidencing an Option granted, including through electronic medium, which shall contain such terms and
conditions with respect to an Option as the Administrator shall determine their consistency with the Plan; 
 “Board” shall
mean the board of directors of the Company; 
 “Committee” shall have the meaning set forth in Section 3.2; 

“Effective Date” shall have the meaning set forth in Section 15.1; 

“Founding Shareholder” shall mean Mr. Changlin Liang; 

“Group” shall mean the Company and its subsidiaries; 

“Incentive Recipient” shall have the meaning set forth in Section 5.1; 

“Notice of Exercise” shall have the meaning set forth in Section 9.3; 

“Notice of Grant” shall have the meaning set forth in Section 5.2; 

 “Option” shall mean a right granted under this Plan to purchase the Shares;

 “Performance Eligibility Standards” shall mean, with respect to any Incentive Recipient, the Company considers that such
Incentive Recipient has achieved Level A (or its equivalent level under the Group’s future updated or adjusted performance or assessment standards) or above under the standards set by the Group with respect to such Incentive Recipient (such as
the standards for the company value assessment and annual performance assessment); 
 “Plan Period” shall have the meaning
set forth in Section 3.1; 
 “Share” shall mean an ordinary share in the share capital of the ESOP Platform (or the
ordinary share with a different par value generated as a result of split, consolidation, reclassification or recapitalization of such Shares from time to time); 

“Exercise Price” shall mean the price per Share determined pursuant to Section 10.1 and at which an Incentive Recipient
purchases the Shares by exercising the Option; 
 “Fair Market Value” shall mean, as of a particular date, the closing sales
price for such Shares of the Company (or the closing bid, if no sales were reported) as quoted on the principal exchange or system on which the Shares are listed (as determined by the Administrator) on the date of determination (or, if no closing
sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales price or closing bid was reported), as reported on the website maintained by such exchange or market system or such other source as the
Administrator deems reliable. 
 The headings of the Articles in this Plan are for convenience of reference only and shall be disregarded in
construing this Plan. References to an Article is to an Article of this Plan. 
  

	3.	 Term and Administration 

 

	3.1	 Term of Plan. This Plan shall come into effect from the Effective Date, and shall remain in full force
and effect thereafter for indefinite period in all aspects, provided, however, that the Administrator, in its sole discretion, may suspend or terminate the Plan at any earlier date pursuant to Article 12 hereof. Notwithstanding the foregoing, the
administration of this Plan shall survive such termination, until all payment and exercise issues in connection with the Options granted prior to such termination have been completed. 

 

	3.2	 Administrator. The Plan shall be administered by the Board or a committee of one or more members of the
Board (the “Committee”) to whom the Board shall delegate the authority to grant or amend Options to Incentive Recipient other than any of the Committee members. Any grant or amendment of Options to any Committee member shall then
require an affirmative vote of a majority of the Board members who are not on the Committee. 

  

	3.3	 Action by the Committee. A majority of the Committee shall constitute a quorum. The acts of a majority
of the members of the Committee present at any meeting at which a quorum is present, and acts approved in writing by a majority of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is
entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other employee of the Company, the Company’s independent certified public accountants, or any executive compensation
consultant or other professional retained by the Company to assist in the administration of the Plan. 

  

	3.4	 Authority of Administrator. Subject to Applicable Laws and any specific designation in the Plan and each
Award Agreement, and except as otherwise provided by the Board, the Administrator has the authority, in its discretion to: 

  

	 	(1)	 designate eligible Incentive Recipient; 

 

	 	(2)	 determine the number of Options to be granted and the number of Shares to which an Option will relate;

  
 2 

	 	(3)	 determine the terms and conditions of any Option granted pursuant to the Plan, including, but not limited to,
the exercise price, manner of exercise, any restrictions or limitations on the Options, any schedule for vesting, lapse or cancellation of Options, or restrictions on the exercisability of an Option, and accelerations or waivers thereof, based in
each case on such considerations as the Administrator in its sole discretion determines; 

  

	 	(4)	 prescribe and approve the form of each Award Agreement, which need not be identical for each Incentive
Recipient; 

  

	 	(5)	 decide all other matters that must be determined in connection with an Option; 

 

	 	(6)	 establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the
Plan; 

  

	 	(7)	 interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement;

  

	 	(8)	 adjust the Exercise Price per Share subject to an Option; and 

 

	 	(9)	 make all other decisions and determinations that may be required pursuant to the Plan or as the Administrator
deems necessary or advisable to administer the Plan. 

  

	3.5	 Decisions Binding. The Administrator’s interpretation of the Plan, any Options granted pursuant to
the Plan, any Award Agreement and all decisions and determinations by the Administrator with respect to the Plan are final, binding, and conclusive on all parties. 

 

	3.6	 Delegation of Authority. To the extent permitted by Applicable Laws, the Board or Committee may from
time to time delegate to a committee of one or more members of the Board or one or more officers of the Company the authority to grant or amend Options or to take other administrative actions pursuant to Article 3; provided, however, that in
no event shall an officer of the Company or a member of the Board be delegated the authority to grant Options to or amend Options held by such officer or member of Board to whom authority to grant or amend Options has been delegated hereunder. Any
delegation hereunder shall be subject to the restrictions and limits that the Board or Committee specifies at the time of such delegation, and the Board may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the
delegatee appointed under this Section 3.6 shall serve in such capacity at the pleasure of the Board and the Committee. 

  

	4.	 Options 

 

	4.1	 For the purpose of this Plan, the Founding Shareholder voluntarily contributes the ordinary shares of the
Company indirectly held by him through EatBetter Holding Limited (the “ESOP Platform”) indirectly controlled by him to the Options under this Plan. Options may be granted to Incentive Recipients from time to time as determined by
the Administrator. Unless otherwise agreed in this Plan, the Options granted to an Incentive Recipient or the Shares with respect to which the Options have been exercised shall not be transferred, pledged, mortgaged, hypothecated, exchanged or used
for debt repayment. The Options may be exercised by the Incentive Recipients pursuant to the conditions and procedures set forth in this Plan, and transferred to the Shares held by the Incentive Recipients in the ESOP Platform.

  

	4.2	 Subject to Section 15.3, the maximum aggregate number of Shares which may be issued pursuant to the Plan
is 40,181,400 Class A ordinary shares of the Company. 

  

	5.	 Incentive Recipients 

 

	5.1	 An incentive recipient (the “Incentive Recipient”) shall be an employee who has made an
important contribution to the Group and met certain criteria, which criteria shall be determined solely by the Administrator. 

  
 3 

	5.2	 With respect to the selection of Incentive Recipients under this Plan, the Administrator shall have the right
to determine whether an employee is eligible to be an Incentive Recipient based on the Company’s overall business needs, and the employee’s value and performance. With respect to a selected Incentive Recipient, the ESOP Platform will issue
a Notice of Grant of Options, substantially in the form attached hereto as Appendix 1 (the “Notice of Grant”) to the Incentive Recipient. The content in the Notice of Grant shall be confidential, and the Incentive Recipient shall
perform confidentiality obligations. 

  

	5.3	 The Administrator shall have the right to adjust the number and the manner of any Options to be granted in a
year based on the actual situation, and the Administrator shall have the right to adjust the years in which the Options will be granted based on the Company’s actual situation, and the time and frequency to grant the Options in that specific
year. 

  

	6.	 Grant of Options 

 

	6.1	 The Administrator shall have the right to grant the Options to any Incentive Recipient at any time or from time
to time during the Plan Period based on conditions that it considers proper in accordance with the provisions of this Plan, which Options can be exercised by the Incentive Recipient to purchase the Shares in an amount as determined by the
Administrator at the Exercise Price. 

  

	6.2	 The ESOP Platform shall notify the Incentive Recipient in writing by a Notice of Grant of the number of the
Options to be granted, exercise eligibility, Vesting Conditions and Exercise Price. Such notice shall come into effect after the ESOP Platform delivers, and the Incentive Recipient signs, the same. 

 

	6.3	 An Incentive Recipient shall confirm his/her acceptance of such Option granting arrangement by signing the
Notice of Grant and delivering the signed copy to the Company within 30 days of receipt of the Notice of Grant, otherwise such offer shall be deemed irrevocably rejected. The Options shall be deemed to be granted and accepted if relevant Notice of
Grant signed by the Incentive Recipient is received by the Company on or prior to the acceptance deadline, and the Incentive Recipient shall exercise the Options pursuant to the method and rules set forth in this Plan. 

 

	7.	 Option Pre-vesting Period 

 

	7.1	 Unless otherwise agreed in this Plan, the option Pre-vesting Period
shall be no longer than two years from the date on which the Options are granted to an Incentive Recipient pursuant to this Plan (the “Pre-vesting Period”), which means after the Incentive
Recipient’s Pre-vesting Period begins, if the Incentive Recipient satisfies the following preconditions, he/she can enter vesting period. The Pre-vesting Period is
set forth in the Notice of Grant issued by the ESOP Platform to the Incentive Recipient: 

  

	 	(1)	 the employment relationship between the Incentive Recipient and the Group is not suspended or terminated, and
the employment contract in effect has not been or will not possibly be subject to material changes as the Administrator reasonably determines, and the Incentive Recipient is serving the Group effectively with a position and responsibilities equal to
or higher than those set for him/her when the Notice of Grant was issued; 

  

	 	(2)	 during the Pre-vesting Period, the Incentive Recipient is not in
violation of any laws, regulations, bylaws, policies of the Group (including the Company’s integrity policy and other relevant anti-corruption policies) and requirements or provisions in the employment contract; 

 

	 	(3)	 such Incentive Recipient has met the Performance Eligibility Standards; and 

 

	 	(4)	 the Incentive Recipient has met other conditions that the Administrator believes he/she should meet (the
conditions from (1) to (4), the “Vesting Conditions”). 

  

	7.2	 Acceleration of the Pre-vesting Period. An Incentive Recipient’s
Pre-vesting Period shall accelerate and his/her vesting period can start, if: 

  

	 	(1)	 during the Pre-vesting Period, the Incentive Recipient makes critical
contributions to the Group (including obtaining material patents in relation to his or her employment, recovering material losses or achieving material economic interests), and the Administrator approves that his/her vesting period can start early;
or 

  
 4 

	 	(2)	 the Company or the ESOP Platform amends the Plan in its entirety and notifies the Incentive Recipient of the
early start of his/her vesting period in writing. 

  

	7.3	 Termination of the Pre-vesting Period. An Incentive
Recipient’s Pre-vesting Period shall terminate early, if: 

  

	 	(1)	 the employment contract between the Incentive Recipient and the Group is or will be rescinded or terminated;

  

	 	(2)	 the Incentive Recipient is in violation of any laws, regulations or administrative rules, and the Group
considers such violation will affect the Company’s interests or the Incentive Recipient’s work; 

  

	 	(3)	 the Incentive Recipient is or is possibly in violation of the anti-commercial bribery agreement entered into by
and between the Incentive Recipient and the Group or the Company’s integrity policy and/or other relevant anti-corruption policies, regardless of whether the Company has substantive evidence of legal significance, the amount involved, or
whether it constitutes a violation of any laws and regulations; 

  

	 	(4)	 the Incentive Recipient is in violation of this Plan and confidentiality obligations under the Notice of Grant;

  

	 	(5)	 the Incentive Recipient is in violation of bylaws or polices of the Company and requirements or provisions in
the employment contract; or 

  

	 	(6)	 the Company considers that such Incentive Recipient is at Level C (or its equivalent level under the
Group’s future updated or adjusted performance or assessment standards) or below under the standards set by the Group with respect to such Incentive Recipient (such as the standards for the company value assessment and annual performance
assessment); 

  

	 	in each case of the above paragraphs (1) to (6), the Notice of Grant issued by the ESOP Platform to the Incentive Recipient shall be automatically revoked and become null and void immediately, and all outstanding
Options of the Incentive Recipient shall automatically lapse, where no written notice is required from the ESOP Platform and such Incentive Recipient is not required to sign any written document or make any confirmation. 

 

	7.4	 Extension of the Pre-vesting Period. If any of the following
events occurs (the period in which such event exists is the suspension period of the Pre-vesting Period), an Incentive Recipient’s Pre-vesting Period shall be
extended accordingly. 

  

	 	(1)	 The Company considers that such Incentive Recipient is at Level B (or its equivalent level under the
Group’s future updated or adjusted performance or assessment standards) under the standards set by the Group with respect to such Incentive Recipient (such as the standards for the company value assessment and annual performance assessment),
and the Administrator decides to suspend to implement and calculate the Pre-vesting Period set forth in the Notice of Grant issued to such Incentive Recipient, and designates an extra year as the observation
period (the “Observation Period”). (x) Upon the completion of the Observation Period, if the Incentive Recipient achieves the Performance Eligibility Standards, the calculation of the
Pre-vesting Period set forth in the Notice of Grant shall be restarted, and such Incentive Recipient may, at the expiration date of such Observation Period, have the exercise eligibility of the first tranche
of Options with respect to number of Options receivable after the expiration of the Pre-vesting Period, and his/her subsequent exercise eligibility shall be considered from the expiration date of such
Observation Period; (y) upon the completion of the Observation Period, if the Incentive Recipient fails to achieve the Performance Eligibility Standards, effective from the expiration date of the Observation Period, the Pre-vesting Period shall terminate, and the Notice of Grant issued by the ESOP Platform to the Incentive Recipient shall be automatically revoked and become null and void immediately, and all outstanding Options of
the Incentive Recipient shall automatically lapse, where no written notice is required from the ESOP Platform and such Incentive Recipient is not required to sign any written document or make any confirmation. 

  
 5 

	 	(2)	 The Incentive Recipient is in violation of bylaws or policies of the Group (other than the anti-commercial
bribery agreement entered into by and between the Incentive Recipient and the Group or the Company’s integrity policy and/or other relevant anti-corruption policies) and requirements or provisions in the employment contract, as a result of
which the Administrator decides to suspend to implement relevant provisions set forth in the Notice of Grant, and designates one extra year as the Observation Period. Upon the completion of the Observation Period, if the Incentive Recipient has
corrected violations and no new violations occur, the calculation of the Pre-vesting Period set forth in the Notice of Grant shall be resumed. 

 

	 	(3)	 The Company is in a period of acquisition, merger, listing, or other transactions that may lead to change of
control, or the Shares shall be locked as required by investors or other third parties or the provisions of laws, regulations, rules and policies, as a result of which the exercise of the rights is temporarily impossible. 

 

	8.	 Conditions of Entering Vesting Period 

 

	8.1	 The following conditions shall be satisfied for an Incentive Recipient to enter the vesting period:

  

	 	(1)	 the Pre-vesting Period has expired and applicable Vesting Conditions
have been satisfied; 

  

	 	(2)	 the Incentive Recipient shall continuously meet the Performance Eligibility Standards, otherwise, the entering
into vesting period shall be postponed for one year. If the Incentive Recipient still cannot meet the Performance Eligibility Standards one year later, the Administrator shall have the right to immediately cancel or continue to postpone the entering
into vesting period; 

  

	 	(3)	 the Incentive Recipient has met other conditions that the Administrator believes he/she should meet.

  

	9.	 Vesting 

 

	9.1	 Vesting Schedule. 

 

	 	(1)	 The first tranche of Options as provided under the Notice of Grant shall vest and become exercisable after an
Incentive Recipient meets the conditions set forth in Section 8.1. 

  

	 	(2)	 After one year anniversary from the last day of the Pre-vesting Period
specified in the Notice of Grant issued by the ESOP Platform to the Incentive Recipient, if (i) all the conditions set forth in Section 8.1 are met, (ii) all the prior tranches of Options are vested, and (iii) he or she remains
within the Group continuously for more than one year after the vesting of the last tranche of Options, the remaining tranche of Options shall vest and become exercisable in accordance with the schedule as provided under the Notice of Grant.

  

	9.2	 Time and Conditions of Exercise. The Administrator shall determine the time or times at which an Option
may be exercised in whole or in part, including exercise prior to vesting and that a partial exercise must be with respect to a minimum number of Shares. The Administrator shall also determine any conditions, if any, that must be satisfied before
all or part of an Option may be exercised. 

  

	9.3	 Exercise procedures. When exercising Options in accordance with this Plan, the Incentive Recipient shall
confirm with the Company the number of Options to be exercised by issuing a Notice of Exercise of Options, substantially in the form attached hereto as Appendix 2 (the “Notice of Exercise”), and the exercise shall be deemed to be
completed upon confirmation by the Administrator, provided that all the expenses in connection with the exercise of the Options or delivery of Shares shall be borne by the Incentive Recipient. If agreed by the Company, (i) where the Incentive
Recipient requests the ESOP Platform to redeem his/her exercised Shares pursuant to Section 10.6 hereof, the ESOP Platform shall have the right to deduct all the reasonable expenses actually incurred in connection with such redemption before
paying the redemption proceeds to the Incentive Recipient; or (ii) where the Incentive Recipient sells or transfers his/her exercised Shares on the secondary market pursuant to Section 10.5 hereof, the ESOP Platform shall have the right to
deduct all the reasonable expenses actually incurred in connection with such sale or transfer before paying the sale/transfer proceeds to the Incentive Recipient. The Administrator may, in its sole discretion, also take whatever additional actions
it deems appropriate to effect such compliance including, without limitation, placing legends on share certificates and issuing stop transfer notices to agents and registrars.  

  
 6 

	9.4	 The Incentive Recipient expressly acknowledges that the Shares obtained by exercising Options in accordance
with this Plan shall be restricted Shares. Unless agreed by the Administrator, such Shares will be held by the ESOP Platform on behalf of the Incentive Recipient, which will not result in any change of the shareholder register of the Company or
other subsidiaries of the ESOP Platform with the competent registration authority, nor any change of partners or shareholders of the ESOP Platform or other entities holding the Shares on behalf of the Incentive Recipient with the competent
registration authority, nor mean that the Incentive Recipient has the right to vote on any matter of the Company or the ESOP Platform. 

  

	9.5	 During the process of exercise, the Incentive Recipient shall execute the documents as required by the
Administrator or the ESOP Platform. Otherwise, all outstanding Options of the Incentive Recipient shall automatically lapse. 

  

	10.	 Other Terms and Conditions of Options 

 

	10.1	 Exercise Price. The Exercise Price shall be determined by the Administrator and set forth in the Notice
of Grant which may be a fixed price or a variable price related to the Fair Market Value. The Exercise Price may be amended or adjusted in the absolute discretion of the Administrator, the determination of which shall be final, binding and
conclusive. For the avoidance of doubt, to the extent not prohibited by Applicable Laws or any exchange rule, a downward adjustment of the Exercise Price mentioned in the preceding sentence shall be effective without the approval of the
Company’s shareholders or the approval of the affected participants. 

  

	10.2	 The grant and receipt of Options under this Plan shall be evidenced by a Notice of Grant. No person shall be
entitled to any rights related to the ownership of any Shares until receiving such Shares upon exercise of the Options under this Plan. 

  

	10.3	 Payment. The Administrator shall determine the methods by which the Exercise Price may be paid, the form
of payment. 

  

	10.4	 Market Standoff. The Incentive Recipient agrees in connection with any registration of the
Company’s securities, that, upon request of the Company or the underwriters managing any public offering of the Company’s securities, the Incentive Recipient will not sell or otherwise dispose of any Shares without the prior written
consent of the Company or such underwriters, as the case may be, for such period of time after the effective date of such registration requested by such managing underwriters and subject to all restrictions as the Company or the underwriters may
specify (the “Lock-up Period”). 

  

	10.5	 Restricted Transfer 

  

	 	(1)	 Disposition of Shares. The Incentive Recipient shall make no disposition of the Shares (other than as
permitted by this Plan) unless and until: 

 (a) the Incentive Recipient shall have notified the Company of
the proposed disposition and provided a written summary of the terms and conditions of the proposed disposition; 
 (b) the
Incentive Recipient shall have complied with all requirements of this Plan applicable to the disposition of the Shares (including the restrictions set forth in the Plan and the Notice of Grant); and 

  
 7 

 (c) the Incentive Recipient shall have provided the Company with written
assurances, in form and substance satisfactory to counsel for the Company, that (i) the proposed disposition does not require registration of the Shares under any applicable securities laws or (ii) all appropriate action necessary for
compliance with the registration requirements of any applicable securities laws or any exemption from registration or other restrictions available thereunder has been taken. 
  

	 	(2)	 Notwithstanding any other provisions of this Plan, if the service of the Incentive Recipient is terminated by
the Group other than for Cause (as defined below) during the Lock-up Period, from the date of such termination, the outstanding Options shall be automatically cancelled and lapse; the Incentive Recipient shall
sell the exercised Shares within 30 days from the expiration of the Lock-up Period. Subject to Section 15.6, the exercised Shares that have not been sold within such period shall be redeemed by the ESOP
Platform at a consideration equal to the Exercise Price of such Shares. 

  

	 	(3)	 In the event of enforcement by a judicial agency against the Shares of the Incentive Recipient, the ESOP
Platform shall have the right of first refusal with respect to such Shares. If the ESOP Platform waives its right of first refusal, the other shareholders of the Company shall have the right of first refusal. 

 

	10.6	 Right of redemption 

  

	 	(1)	 In the following circumstances, the exercised Shares (if any) shall be redeemed in the manner stated below
subject to Section 15.6. The proportion and price of redemption shall be determined by the Administrator, and the Incentive Recipient’s Options that have not become vested and exercisable shall lapse immediately: 

 

	 	(i)	 Subject to Section 10.5, if the service of the Incentive Recipient is terminated by the Group other than
for Cause or his or her death or disability and such Incentive Recipient is not subject to any lock-up obligations as provided under Section 10.4, the Options that have not yet become exercisable shall
automatically lapse and shall have no further force and effect, and, at the time when the Incentive Recipient departs, the Incentive Recipient may choose to transfer the exercised Shares as provided under Section 10.5. If the Incentive
Recipient cannot transfer all the exercised Shares by two weeks before the termination of service, the Incentive Recipient shall request the ESOP Platform or other person or entity designated by the Administrator to redeem all or the remaining
exercised Shares after the transfer. The proportion and price of redemption shall be negotiated by the Incentive Recipient and the ESOP Platform or the Administrator. In the event that consensus cannot be reached, the ESOP Platform or other person
or entity designated by the Administrator shall have the discretion to redeem, at the full Exercise Price, all the exercised Shares held by the Incentive Recipient; 

 

	 	(ii)	 If the service of the Incentive Recipient is terminated by the Group due to his or her death or disability, the
Options that have not yet become exercisable shall automatically lapse and shall have no further force and effect, and the exercised Shares will continue to be valid. The exercised Shares may be transferred pursuant to Section 10.5 of this Plan
or redeemed by the ESOP Platform or other person or entity designated by the Administrator. The proportion of transfer and/or redemption of exercised Shares according to this Plan shall be negotiated by the Incentive Recipient or his/her legal
guardian or heir and the ESOP Platform or the Administrator. In the event that consensus cannot be reached, the ESOP Platform or other person or entity designated by the Administrator shall have the right to redeem, at the Exercise Price, 100% of
the exercised Shares held by the Incentive Recipient. 

  

	 	(2)	 Redemption method. In case of redemption by the ESOP Platform, if consensus is reached, the ESOP
Platform or other person or entity designated by the Administrator shall have the right to purchase such exercised Shares at the negotiated price, and if consensus on the redemption price cannot be reached, the redemption price of the ESOP Platform
or other person or entity designated by the Administrator shall be the Exercise Price provided under the Notice of Grant. The Incentive Recipient expressly acknowledges that redemption is a right rather than obligation of the ESOP Platform or other
person or entity designated by the Administrator. 

  
 8 

	 	(3)	 Before redemption, the Incentive Recipient shall cooperate unconditionally with the transferee or the redeeming
person to complete all formalities to exit from the Shares, and unconditionally sign all relevant legal documents and cause the same complete. Otherwise, the Incentive Recipient shall be liable for breach of contract and shall indemnify the
transferee or the redeeming person on the basis of the market value of such Shares. In the event that the said indemnification is not adequate to compensate all losses incurred by the Company and/or the ESOP Platform and/or the Administrator
therefrom, the Company and/or the ESOP Platform and/or the Administrator shall have the right to seek recovery. 

  

	 	(4)	 During the Lock-up Period, the
Lock-up Period-related provisions under Applicable Laws, regulations, rules and policies shall be applicable. If no such provisions are available, specific requirements by the Administrator shall be
applicable. 

  

	11.	 Lapse of Options 

 

	 	(1)	 Notwithstanding any other provisions herein, all Options that are granted by the ESOP Platform to an Incentive
Recipient and have become vested and exercisable and the exercised Shares shall immediately lapse or be cancelled, if: 

  

	 	(i)	 the service of the Incentive Recipient is terminated for Cause; or 

 

	 	(ii)	 the Incentive Recipient creates mortgage, pledge or security over the Company’s shares or Options in any
way, or use the same for exchange or debt repayment without the prior written consent of the Administrator. 

 For purpose
of this Plan, “Cause” means (i) the commission of any act by the Incentive Recipient constituting (x) a felony or (y) financial dishonesty against the Company or its Subsidiaries (which act would be chargeable as a crime
under Applicable Laws); (ii) an Incentive Recipient’s engaging in any other act of dishonesty, fraud, intentional misrepresentation, moral turpitude, illegality or harassment which, as determined in good faith by the Administrator, would or
would reasonably be expected to: (A) adversely affect the business, the reputation or competitiveness of the Group with any of their current or prospective customers, suppliers, lenders and/or other third parties with whom such entity does or
might do business; or (B) expose the Group to a risk of civil or criminal legal damages, liabilities or penalties; (iii) the repeated failure by an Incentive Recipient to follow the lawful directives of the chief executive officer of the
Group or the Board; (iv) a violation by the Incentive Recipient of Applicable Laws, which at the discretion of the Administrator, would or would reasonably be expected to have an adverse effect on the Group; or (v) any violation of the
Group’s integrity policy and/or other relevant anti-corruption policies or any material violation of any confidentiality obligations under the Plan or other binding agreements, and non-competition
obligations (whether required by law or under any agreement entered into between the Incentive Recipient and the Group), holding any position or any interest in, or providing any service to, a competing enterprise, or soliciting business from
customers, agents and/or contractors of the Group for the interests of a competing enterprise, or abetting customers, agents and/or contractors of the Group in terminating their cooperation with the Group, or willful and deliberate non-performance of duty or gross negligence by the Incentive Recipient in connection with the business affairs of the Group. 
  

	 	(2)	 In the following circumstances, all Options that are granted by the ESOP Platform to an Incentive Recipient and
have become vested and exercisable shall immediately lapse or be cancelled as follows: 

  

	 	(i)	 if the Incentive Recipient is in violation of confidentiality obligations under this Plan or bylaws of the
Group (including the employee manual, but excluding the Group’s integrity policy or other anti-corruption policies) or provisions under employment contract, or engaged in willful misconduct deemed to be material by the Administrator, the ESOP
Platform and the Administrator shall have the right to cancel the Incentive Recipient’s Options that have become vested and exercisable for exercise in the most recent year; 

 

	 	(ii)	 if, as a result of any change in the Incentive Recipient’s position and responsibilities, he/she makes
less contribution to the Company, the ESOP Platform and the Administrator shall have the right to cancel such Incentive Recipient’s Options that have become vested and exercisable in the most recent year; 

  
 9 

	 	(iii)	 if the Company determines that the Incentive Recipient is directly responsible for the Company’s loss,
decline in business performance, or lagging behind rivals in respect of technological competence, the ESOP Platform and the Administrator shall have the right to cancel such Incentive Recipient’s Options that have become vested and exercisable
in the most recent tranche. 

  

	 	(3)	 If an Incentive Recipient ceases to be a director, officer or employee of, or to otherwise perform services
for, the Group for any reason other than for Cause or his or her death or disability and such Incentive Recipient is not subject to any lock-up obligations as provided under Section 10.4, (A) all of the
Incentive Recipient’s options that have vested and were exercisable on the date of such cessation shall remain exercisable for, and shall otherwise be terminated and thereafter be forfeited at the end of, a period of 90 days after the date of
such cessation, but in no event after the expiration date of the options as indicated in the Notice of Grant, and (B) all of the Participant’s Options that were not fully vested or exercisable on the date of such cessation shall be
forfeited immediately upon such cessation. 

  

	12.	 Amendment and Termination 

This Plan may be amended and supplemented as determined by the Administrator, which shall become effective as of the date of notice or
announcement thereof. The Administrator may amend, revise, suspend or terminate this Plan as the Company’s business needs change. 
  

	13.	 Compliance with Laws 

This Plan, the granting and unlocking of Options under this Plan and the provision, issuance and delivery of Shares, and the acceptance of
promissory notes, and/or the payment of monies under this Plan or Options must comply with all Applicable Laws of Hong Kong of the People’s Republic of China and laws, regulations and rules of any related jurisdiction, and are subject to such
filing, registration and/or approval formalities with any listing, regulatory or governmental authority as may, in the opinion of the Company’s counsel, be necessary or reasonable in connection therewith. A person receiving any Option or Share
under this Plan shall, upon the request of the Company, provide such warranties and representations to the Company and take such actions as the Administrator may deem necessary or reasonable to ensure the compliance with all applicable legal and
accounting requirements. 
 The Incentive Recipient understands that the China Securities Regulatory Commission (the
“CSRC”) of the People’s Republic of China (the “PRC”) has yet to determine if Chinese citizens shall be accorded full rights to hold securities of foreign privately-held or publicly-listed entities
outside China or any options or other rights to acquire such securities. Accordingly, the Incentive Recipient agrees that should the CSRC, or any other governmental or regulatory authority in China materially restrict the rights or obligations of
the Company or of the Incentive Recipient hereunder (including in relation to a Change of Control or IPO), in the sole opinion of the Administrator, the Company shall be entitled to amend or terminate the Plan, or any term or provision thereof, as
appropriate and necessary in the Administrator’s sole discretion, so as to comply with such governmental or regulatory requirements. This right to amend or terminate includes but is not limited to (i) the right to terminate the Incentive
Recipient’s rights hereunder in full, as well as (ii) the right to repurchase any Shares that may have been sold hereunder (which repurchase shall be effective and recorded in the Company’s security registers upon the Company
refunding to the Incentive Recipient the Exercise Price paid for such Shares, including where such refund is recorded in the Company’s accounting records as reserved for such purpose), in each case without obtaining the Incentive
Recipient’s consent or the consent of any other person or entity for the purposes of this Section 13, provided that the Board, in good faith, determines that commercially reasonable efforts have been made to (i) achieve compliance
with the terms of the Plan, and (ii) otherwise, make available to Incentive Recipients aggregate economic consideration which is no less favorable (on a gross pre-tax basis) than otherwise available had
the Plan been complied with notwithstanding this Section 13. Further, the Incentive Recipient’s rights under this Plan shall be subject to his or her compliance with Applicable Laws including but not limited to any registrations that may
be required by any competent governmental authority. 

  
 10 

	14.	 Tax Withholding; Payment of Expenses 

 

	 	The Incentive Recipient may be required to pay to the Company or any of its subsidiary, and the Company or any of its subsidiary shall have the right and is hereby authorized to deduct from any Share or other property
deliverable under any Option or any remuneration or other payment (including salary or bonus) otherwise payable to any Incentive Recipient, any withholding tax, supplementary tax (if any) and all applicable expenses that may be required under
Applicable Laws relating to any Option or its exercise, any payment, transfer or redemption of the Options or Shares under this Plan (which amount may be deducted in the form of cash, stock or other properties). The Company or any of its subsidiary
may also take other actions deemed necessary by the Company to fulfill all obligations to pay such taxes. 

  

	15.	 General Provisions 

 

	15.1	 Effective Date. The Plan shall become effective on the date of its adoption by the Board (the
“Effective Date”). 

  

	15.2	 This Plan is a trade secret of the Company, and in no way shall the Incentive Recipient leak it, or otherwise
it shall be liable for indemnifying against all losses incurred by the Company therefrom and no longer enjoy any right under this Plan and Option-related documents. 

 

	15.3	 Adjustments. In the event of any dividend, share split, combination or exchange of Shares, amalgamation,
arrangement or consolidation, spin-off, recapitalization or other distribution (other than normal cash dividends) of Company assets to its shareholders, or any other change affecting the shares of Shares or
the share price of a Share, the Administrator shall make such proportionate adjustments, if any, as the Administrator in its discretion may deem appropriate to reflect such change with respect to (a) the aggregate number and type of shares that
may be issued under the Plan; (b) the terms and conditions of any outstanding Options (including, without limitation, any applicable performance targets or criteria with respect thereto); and (c) the grant and exercise of Options under the
Plan. 

  

	15.4	 This Plan shall prevail over other related legal documents, and all other legal documents, including the Notice
of Grant, shall be construed in accordance with this Plan. The Administrator shall have the right of final interpretation of this Plan. In the event that this Plan has any conflict with any Applicable Laws, regulations, or rules, the latter shall
prevail. If the Incentive Recipient cannot exercise any Options in such case, none of the Company, the ESOP Platform or the Administrator shall be held liable therefor, and the Incentive Recipient shall bear the consequences on his/her own.

  

	15.5	 The Incentive Recipient shall be solely responsible for obtaining any governmental or other official approval
in any state or jurisdiction required for the granting or exercise of any Option, and for completing any necessary filing and registration formality required by any government or other authority. The Company shall have no responsibility if such
person fails to obtain any of such approvals or may need to pay any tax or bear any other responsibility due to his/her participation in this Plan. 

  

	15.6	 The Administrator may, in his sole discretion, determine the time or times at which Options eligible for
exercise and/or exercised Shares (if any) shall be transferred pursuant to Section 10.5 or redeemed pursuant to Section 10.6, for reasons related to Applicable Laws, regulations, rules and policies or other reasonable considerations of the
Company. 

  

	15.7	 This Plan and all Options granted hereunder shall be governed by, and construed in accordance with, laws of
Hong Kong of the People’s Republic of China. 

  

	15.8	 This Plan shall be written in Chinese and English. Both versions are equally authentic. In the event of any
discrepancy between the two versions, the Chinese version shall prevail. 

  
 11 

 - End - 

  
 12 

 Appendix 1 

Dingdong (Cayman) Limited 

2020 Share Incentive Plan - [Option ID ${option_id}] 

Notice of Grant of Options 

To: ${name}  
 ID
Code: ${id_code}  
 Purpose of Grant of Options 

You are receiving this Notice of Grant of Options (this “Notice”) from EatBetter Holding Limited, as the ESOP platform (the “ESOP
Platform”), for the grant of a certain number of Options as award to you. This award is made under the 2020 Share Incentive Plan, as amended, (the “Plan”) of Dingdong (Cayman) Limited (the “Company”) and this Notice
constitutes the Notice of Grant pursuant to Sections 5.2 of the Plan. This Notice shall completely supersede any and all prior agreements, arrangements and understandings, both written and oral, between you and the Company any of its subsidiary or
the ESOP Platform, with respect to the subject matter hereof and thereof. Capitalized terms used herein without definition shall have the respective meanings assigned to them in the Plan. 

Number of Options 
 The Options you are entitled to
receive are ${grant_amount} Options (“Total Number of Options”). Each Option that has been vested and exercised is equivalent to 0.05 Class A Ordinary Shares of the Company. 

Eligibility for Exercise 
 Subject to the conditions set
forth in the Plan, the Pre-vesting period shall be from [•] to [•]. On {vest_day_1}, 25% of the Total Number of Options will become eligible for exercise; on {vest_day_2}, 25% of the
Total Number of Options will become eligible for exercise[; and on {vest_day_3}, 25% of the Total Number of Options will become eligible for exercise; and on {vest_day_4}, 25% of the Total Number of Options will become eligible for
exercise]. 
 Exercise Price 
 The Exercise Price shall
be $ ${Exercise_Price}/Share. 
 Specific Rules of Grant and Exercise of Options 

No Option shall be exercisable in whole or in part more than ten years from the date of this Notice. Please refer to the Plan recognized by you for specific
rules of grant and exercise of Options, which the Administrator shall have the sole discretion to interpret. This Notice is confidential, and you shall have a confidentiality obligation with respect to it. Any violation of this confidentiality
obligation shall be addressed in accordance with the Plan. 
 Tax Consequences; Independent Advice. YOU UNDERSTAND THAT YOU MAY UNDERTAKE CERTAIN
ADVERSE TAX LIABILITIES AS A RESULT OF THE GRANT OF OPTIONS AND ANY SUBSEQUENT PURCHASE AND DISPOSITION OF THE SHARES. YOU REPRESENT THAT YOU HAVE CONSULTED WITH ALL ADVISERS WHICH YOU DEEM ADVISABLE IN CONNECTION WITH THE RECEIPT OF THE OPTIONS AND
THE PURCHASE AND DISPOSITION OF THE SHARES AND THAT YOU ARE NOT RELYING ON THE COMPANY, ANY INVESTOR OR ANY ADVISOR TO ANY OF THE FOREGOING FOR ANY TAX, LEGAL OR OTHER ADVICE. 

Acceptance. You hereby acknowledge receipt of a copy of the Plan, this Notice and the Notice of Exercise of Options. You have read and
understand the terms and provisions hereof and thereof, and accept the Options subject to all terms and conditions of the Plan, this Notice and the Notice of Exercise of Options. 

  
 13 

 Incentive Recipient
(signature):                ${emp@lo#y} 

Date:                ${employee_sign_date} 

EatBetter Holding Limited 
 [This page is retained by
the Company] 

  
 14 

 Dingdong (Cayman) Limited 

2020 Share Incentive Plan - [Option ID ${option_id}] 

Notice of Grant of Options 

To: ${name}  
 ID
Code: ${id_code}  
 Purpose of Grant of Options 

You are receiving this Notice of Grant of Options (this “Notice”) from EatBetter Holding Limited, as the ESOP platform (the “ESOP
Platform”), for the grant of a certain number of Options as award to you. This award is made under the 2020 Share Incentive Plan, as amended, (the “Plan”) of Dingdong (Cayman) Limited (the “Company”) and this Notice
constitutes the Notice of Grant pursuant to Sections 5.2 of the Plan. This Notice shall completely supersede any and all prior agreements, arrangements and understandings, both written and oral, between you and the Company any of its subsidiary or
the ESOP Platform, with respect to the subject matter hereof and thereof. Capitalized terms used herein without definition shall have the respective meanings assigned to them in the Plan. 

Number of Options 
 The Options you are entitled to
receive are ${grant_amount} Options (“Total Number of Options”). Each Option that has been vested and exercised is equivalent to 0.05 Class A Ordinary Shares of the Company. 

Eligibility for Exercise 
 Subject to the conditions set
forth in the Plan, the Pre-vesting period shall be from [•] to [•]. On {vest_day_1}, 25% of the Total Number of Options will become eligible for exercise; on {vest_day_2}, 25% of the
Total Number of Options will become eligible for exercise[; and on {vest_day_3}, 25% of the Total Number of Options will become eligible for exercise; and on {vest_day_4}, 25% of the Total Number of Options will become eligible for
exercise]. 
 Exercise Price 
 The Exercise Price shall
be $ ${Exercise_Price}/Share. 
 Specific Rules of Grant and Exercise of Options 

No Option shall be exercisable in whole or in part more than ten years from the date of this Notice. Please refer to the Plan recognized by you for specific
rules of grant and exercise of Options, which the Administrator shall have the sole discretion to interpret. This Notice is confidential, and you shall have a confidentiality obligation with respect to it. Any violation of this confidentiality
obligation shall be addressed in accordance with the Plan. 
 Tax Consequences; Independent Advice. YOU UNDERSTAND THAT YOU MAY UNDERTAKE CERTAIN
ADVERSE TAX LIABILITIES AS A RESULT OF THE GRANT OF OPTIONS AND ANY SUBSEQUENT PURCHASE AND DISPOSITION OF THE SHARES. YOU REPRESENT THAT YOU HAVE CONSULTED WITH ALL ADVISERS WHICH YOU DEEM ADVISABLE IN CONNECTION WITH THE RECEIPT OF THE OPTIONS AND
THE PURCHASE AND DISPOSITION OF THE SHARES AND THAT YOU ARE NOT RELYING ON THE COMPANY, ANY INVESTOR OR ANY ADVISOR TO ANY OF THE FOREGOING FOR ANY TAX, LEGAL OR OTHER ADVICE. 

Acceptance. You hereby acknowledge receipt of a copy of the Plan, this Notice and the Notice of Exercise of Options. You have read and
understand the terms and provisions hereof and thereof, and accept the Options subject to all terms and conditions of the Plan, this Notice and the Notice of Exercise of Options. 

  
 15 

 Incentive Recipient
(signature):                ${emp@lo#y} 

Date:                ${employee_sign_date} 

EatBetter Holding Limited 
 [This page is retained by
the Incentive Recipient] 

  
 16 

 Appendix 2 

Dingdong (Cayman) Limited 

2020 Share Incentive Plan - [Option ID ${option_id}] 

Notice of Exercise of Options 
 To:
EatBetter Holding Limited 
 I hereby exercise my right with respect to all/${vest_amount_1} Shares underlying the Options that have been exercised,
and request the allotment or transfer of such Shares to me in accordance with this Plan and the Memorandum of Association and Articles of Association of the Company. 

I hereby deliver payment of the Exercise Price in the manner permitted in the 2020 Share Incentive Plan by, to the extent permitted or required by applicable
laws, a deduction by the Company at an amount equal to $________ (as confirmed by the Administrator) from any payment of any kind (including salary or bonus) otherwise due to me. 

I understand and agree that the Company will place the legends set forth below or similar legends on any stock certificate(s) evidencing the Shares, together
with any other legends that may be required by Applicable Laws, the Company’s certificate of incorporation or bylaws, any other agreement between the Purchaser and the Company or any agreement between the Purchaser and any third party: 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER APPLICABLE SECURITIES LAWS. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY
AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE
FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN
COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
RESTRICTIONS ON RESALE AND TRANSFER AND, IF APPLICABLE, A RIGHT OF FIRST REFUSAL OPTION HELD BY THE ISSUER AND/OR ITS ASSIGNEE(S), AS SET FORTH IN AN OPTION AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES. SUCH SALE AND TRANSFER
RESTRICTIONS, AND IF APPLICABLE, THE RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THESE SHARES. 
 Name: 

_${name}_ 
 ID Code: 

_${id_code}_

Date:    ${employee_sign_date} 

  
 17EX-4.2

 Exhibit 4.2 
  

 
 OUSTER, INC. 

 
  

INDENTURE 
 Dated as of
            , 20 
  

 
 WILMINGTON
TRUST, NATIONAL ASSOCIATION 
 Trustee 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
	 Section 1.1.
	 	 Definitions
	  	 	1	 
	 Section 1.2.
	 	 Other Definitions
	  	 	4	 
	 Section 1.3.
	 	 Incorporation by Reference of Trust Indenture Act
	  	 	5	 
	 Section 1.4.
	 	 Rules of Construction
	  	 	5	 
		
	 ARTICLE II. THE SECURITIES
	  	 	5	 
	 Section 2.1.
	 	 Issuable in Series
	  	 	5	 
	 Section 2.2.
	 	 Establishment of Terms of Series of Securities
	  	 	6	 
	 Section 2.3.
	 	 Execution and Authentication
	  	 	8	 
	 Section 2.4.
	 	 Registrar and Paying Agent
	  	 	9	 
	 Section 2.5.
	 	 Paying Agent to Hold Money in Trust
	  	 	10	 
	 Section 2.6.
	 	 Securityholder Lists
	  	 	10	 
	 Section 2.7.
	 	 Transfer and Exchange
	  	 	10	 
	 Section 2.8.
	 	 Mutilated, Destroyed, Lost and Stolen Securities
	  	 	11	 
	 Section 2.9.
	 	 Outstanding Securities
	  	 	11	 
	 Section 2.10.
	 	 Treasury Securities
	  	 	12	 
	 Section 2.11.
	 	 Temporary Securities
	  	 	12	 
	 Section 2.12.
	 	 Cancellation
	  	 	12	 
	 Section 2.13.
	 	 Defaulted Interest
	  	 	13	 
	 Section 2.14.
	 	 Global Securities
	  	 	13	 
	 Section 2.15.
	 	 CUSIP Numbers
	  	 	14	 
		
	 ARTICLE III. REDEMPTION
	  	 	15	 
	 Section 3.1.
	 	 Notice to Trustee
	  	 	15	 
	 Section 3.2.
	 	 Selection of Securities to be Redeemed
	  	 	15	 
	 Section 3.3.
	 	 Notice of Redemption
	  	 	16	 
	 Section 3.4.
	 	 Effect of Notice of Redemption
	  	 	16	 
	 Section 3.5.
	 	 Deposit of Redemption Price
	  	 	17	 
	 Section 3.6.
	 	 Securities Redeemed in Part
	  	 	17	 
		
	 ARTICLE IV. COVENANTS
	  	 	17	 
	 Section 4.1.
	 	 Payment of Principal and Interest
	  	 	17	 
	 Section 4.2.
	 	 SEC Reports
	  	 	17	 
	 Section 4.3.
	 	 Compliance Certificate
	  	 	17	 
	 Section 4.4.
	 	 Stay, Extension and Usury Laws
	  	 	18	 
		
	 ARTICLE V. SUCCESSORS
	  	 	18	 
	 Section 5.1.
	 	 When Company May Merge, Etc.
	  	 	18	 
	 Section 5.2.
	 	 Successor Corporation Substituted
	  	 	18	 

  
 i 

							
	 ARTICLE VI. DEFAULTS AND REMEDIES
	  	 	19	 
	 Section 6.1.
	 	 Events of Default
	  	 	19	 
	 Section 6.2.
	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	20	 
	 Section 6.3.
	 	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	21	 
	 Section 6.4.
	 	 Trustee May File Proofs of Claim
	  	 	21	 
	 Section 6.5.
	 	 Trustee May Enforce Claims Without Possession of Securities
	  	 	22	 
	 Section 6.6.
	 	 Application of Money Collected
	  	 	22	 
	 Section 6.7.
	 	 Limitation on Suits
	  	 	23	 
	 Section 6.8.
	 	 Unconditional Right of Holders to Receive Principal and Interest
	  	 	23	 
	 Section 6.9.
	 	 Restoration of Rights and Remedies
	  	 	24	 
	 Section 6.10.
	 	 Rights and Remedies Cumulative
	  	 	24	 
	 Section 6.11.
	 	 Delay or Omission Not Waiver
	  	 	24	 
	 Section 6.12.
	 	 Control by Holders
	  	 	24	 
	 Section 6.13.
	 	 Waiver of Past Defaults
	  	 	25	 
	 Section 6.14.
	 	 Undertaking for Costs
	  	 	25	 
		
	 ARTICLE VII. TRUSTEE
	  	 	25	 
	 Section 7.1.
	 	 Duties of Trustee
	  	 	25	 
	 Section 7.2.
	 	 Rights of Trustee
	  	 	27	 
	 Section 7.3.
	 	 Individual Rights of Trustee
	  	 	28	 
	 Section 7.4.
	 	 Trustee’s Disclaimer
	  	 	28	 
	 Section 7.5.
	 	 Notice of Defaults
	  	 	29	 
	 Section 7.6.
	 	 Reports by Trustee to Holders
	  	 	29	 
	 Section 7.7.
	 	 Compensation and Indemnity
	  	 	29	 
	 Section 7.8.
	 	 Replacement of Trustee
	  	 	30	 
	 Section 7.9.
	 	 Successor Trustee by Merger, Etc.
	  	 	31	 
	 Section 7.10.
	 	 Eligibility; Disqualification
	  	 	31	 
	 Section 7.11.
	 	 Preferential Collection of Claims Against Company
	  	 	31	 
		
	 ARTICLE VIII. SATISFACTION AND DISCHARGE; DEFEASANCE
	  	 	31	 
	 Section 8.1.
	 	 Satisfaction and Discharge of Indenture
	  	 	31	 
	 Section 8.2.
	 	 Application of Trust Funds; Indemnification
	  	 	32	 
	 Section 8.3.
	 	 Legal Defeasance of Securities of any Series
	  	 	33	 
	 Section 8.4.
	 	 Covenant Defeasance
	  	 	34	 
	 Section 8.5.
	 	 Repayment to Company
	  	 	36	 
	 Section 8.6.
	 	 Reinstatement
	  	 	36	 
		
	 ARTICLE IX. AMENDMENTS AND WAIVERS
	  	 	36	 
	 Section 9.1.
	 	 Without Consent of Holders
	  	 	36	 
	 Section 9.2.
	 	 With Consent of Holders
	  	 	37	 
	 Section 9.3.
	 	 Limitations
	  	 	38	 
	 Section 9.4.
	 	 Compliance with Trust Indenture Act
	  	 	38	 
	 Section 9.5.
	 	 Revocation and Effect of Consents
	  	 	38	 
	 Section 9.6.
	 	 Notation on or Exchange of Securities
	  	 	39	 
	 Section 9.7.
	 	 Trustee Protected
	  	 	39	 
		
	 ARTICLE X. MISCELLANEOUS
	  	 	39	 
	 Section 10.1.
	 	 Trust Indenture Act Controls
	  	 	39	 
	 Section 10.2.
	 	 Notices
	  	 	39	 

  
 ii 

							
	 Section 10.3.
	 	 Communication by Holders with Other Holders
	  	 	40	 
	 Section 10.4.
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	41	 
	 Section 10.5.
	 	 Statements Required in Certificate or Opinion
	  	 	41	 
	 Section 10.6.
	 	 Rules by Trustee and Agents
	  	 	41	 
	 Section 10.7.
	 	 Legal Holidays
	  	 	41	 
	 Section 10.8.
	 	 No Recourse Against Others
	  	 	42	 
	 Section 10.9.
	 	 Counterparts
	  	 	42	 
	 Section 10.10.
	 	 Governing Law; Waiver of Jury Trial; Consent to Jurisdiction
	  	 	42	 
	 Section 10.11.
	 	 No Adverse Interpretation of Other Agreements
	  	 	43	 
	 Section 10.12.
	 	 Successors
	  	 	43	 
	 Section 10.13.
	 	 Severability
	  	 	43	 
	 Section 10.14.
	 	 Table of Contents, Headings, Etc.
	  	 	43	 
	 Section 10.15.
	 	 Securities in a Foreign Currency
	  	 	43	 
	 Section 10.16.
	 	 Judgment Currency
	  	 	44	 
	 Section 10.17.
	 	 Force Majeure
	  	 	44	 
	 Section 10.18.
	 	 U.S.A. Patriot Act
	  	 	45	 
	 Section 10.19.
	 	 Separability Clause; Entire Agreement
	  	 	45	 
		
	 ARTICLE XI. SINKING FUNDS
	  	 	45	 
	 Section 11.1.
	 	 Applicability of Article
	  	 	45	 
	 Section 11.2.
	 	 Satisfaction of Sinking Fund Payments with Securities
	  	 	45	 
	 Section 11.3.
	 	 Redemption of Securities for Sinking Fund
	  	 	46	 

  
 iii 

 OUSTER, INC. 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of              , 20 

 

							
	 § 310(a)(1)
	 		  		  	7.10
	 (a)(2)
	 		  		  	7.10
	 (a)(3)
	 		  		  	 Not Applicable

	 (a)(4)
	 		  		  	 Not Applicable

	 (a)(5)
	 		  		  	7.10
	 (b)
	 		  		  	7.10
	 § 311(a)
	 		  		  	7.11
	 (b)
	 		  		  	7.11
	 (c)
	 		  		  	 Not Applicable

	 § 312(a)
	 		  		  	2.6
	 (b)
	 		  		  	10.3
	 (c)
	 		  		  	10.3
	 § 313(a)
	 		  		  	7.6
	 (b)(1)
	 		  		  	7.6
	 (b)(2)
	 		  		  	7.6
	 (c)(1)
	 		  		  	7.6
	 (d)
	 		  		  	7.6
	 § 314(a)
	 		  		  	4.2, 10.5
	 (b)
	 		  		  	 Not Applicable

	 (c)(1)
	 		  		  	10.4
	 (c)(2)
	 		  		  	10.4
	 (c)(3)
	 		  		  	 Not Applicable

	 (d)
	 		  		  	 Not Applicable

	 (e)
	 		  		  	10.5
	 (f)
	 		  		  	 Not Applicable

	 § 315(a)
	 		  		  	7.1
	 (b)
	 		  		  	7.5
	 (c)
	 		  		  	7.1
	 (d)
	 		  		  	7.1
	 (e)
	 		  		  	6.14
	 § 316(a)
	 		  		  	2.10
	 (a)(1)(A)
	 		  		  	6.12
	 (a)(1)(B)
	 		  		  	6.13
	 (b)
	 		  		  	6.8
	 § 317(a)(1)
	 		  		  	6.3
	 (a)(2)
	 		  		  	6.4
	 (b)
	 		  		  	2.5
	 § 318(a)
	 		  		  	10.1

  

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

  
 iv 

 Indenture dated as of
            , 20     between Ouster, Inc., a company incorporated under the laws of Delaware (the “Company”), and Wilmington Trust, National
Association, a national banking association, not in its individual capacity but solely as trustee (the “Trustee”). 
 Each
party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued under this Indenture. 

ARTICLE I. 
 DEFINITIONS AND
INCORPORATION BY REFERENCE 
 Section 1.1.     Definitions. 

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

“Agent” means any Registrar, Paying Agent or Notice Agent. 

“Board of Directors” means the board of directors of the Company or any duly authorized committee thereof. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have
been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and delivered to the Trustee. 

“Business Day” means any day except a Saturday, Sunday, a legal holiday or any other day in The City of New York, New York
(or in connection with any payment, the Place of Payment or the city in which the Corporate Trust Office is located) on which banking institutions are authorized or required by law, regulation or executive order to close. 

“Capital Stock” means any and all shares, interests, participations, rights or other equivalents (however designated) of
corporate stock. 
 “Company” means the party named as such above until a successor replaces it and thereafter means the
successor. 
 “Company Order” means a written order signed in the name of the Company by an Officer. 

 “Corporate Trust Office” means the office of the Trustee at which at any
particular time its corporate trust business shall be principally administered, which office at the date hereof is located at Rodney Square North, 1100 North Market Street, Wilmington, DE 19890, Attention: Ouster, Inc. Administrator, or such other
address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by
notice to the Holders and the Company). 
 “Default” means any event which is, or after notice or passage of time or both
would be, an Event of Default. 
 “Depositary” means, with respect to the Securities of any Series issuable or issued in
whole or in part in the form of one or more Global Securities, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and if at any time there is more than
one such person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2. 
 “Dollars” and
“$” means the currency of The United States of America. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 “Foreign Currency” means any currency or currency unit issued by a government other than the
government of The United States of America. 
 “Foreign Government Obligations” means, with respect to Securities of any
Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and
which are not callable or redeemable at the option of the issuer thereof. 
 “GAAP” means accounting principles generally
accepted in the United States of America 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 have been approved by a significant segment of the accounting profession, which are in effect as of the date of determination. 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form
established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 

“Holder” or “Securityholder” means a person in whose name a Security is registered. 

  
 2 

 “Indenture” means this Indenture as amended or supplemented from time to
time and shall include the form and terms of particular Series of Securities established as contemplated hereunder. 

“interest” with respect to any Discount Security which by its terms bears interest only after Maturity, means interest
payable after Maturity. 
 “Maturity,” when used with respect to any Security, means the date on which the principal of
such Security becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 

“Officer” means the Chief Executive Officer, President, the Chief Financial Officer, the Treasurer or any Assistant
Treasurer, the Secretary or any Assistant Secretary, and any Vice President of the Company. 
 “Officer’s Certificate”
means a certificate signed by any Officer. 
 “Opinion of Counsel” means a written opinion of legal counsel who is
acceptable to the Trustee. The counsel may be an employee of or counsel to the Company. The opinion may contain customary limitations, conditions and exceptions. 

“person” means any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock
company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment”,
when used with respect to the Securities of or within any Series, means the place or places where the principal of (and premium, if any) and interest, if any, on such Securities are payable as specified and as contemplated by Section 2.1. 

“principal” of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, the Security.

 “Responsible Officer” means any officer of the Trustee in its Corporate Trust Office having direct responsibility for
administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with a particular subject. 

“SEC” means the Securities and Exchange Commission. 

“Securities” means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered
under this Indenture. 
 “Series” or “Series of Securities” means each series of debentures, notes or
other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof. 
 “Stated Maturity” when used with
respect to any Security, means the date specified in such Security as the fixed date on which the principal of such Security or interest is due and payable. 

  
 3 

 “Subsidiary” of any specified person means any corporation, association or
other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned
or controlled, directly or indirectly, by such person or one or more of the other Subsidiaries of that person or a combination thereof. 

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

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

“U.S. Government Obligations” means securities which are direct obligations of, or guaranteed by, The United States of
America for the payment of which its full faith and credit is pledged and which 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 depository receipt, provided that (except as
required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such
depositary receipt. 
 Section 1.2.     Other Definitions. 

 

			
	 TERM
	  	DEFINED IN
SECTION
	 “Bankruptcy Law”
	  	6.1
	 “Custodian”
	  	6.1
	 “Event of Default”
	  	6.1
	 “Judgment Currency”
	  	10.16
	 “Legal Holiday”
	  	10.7
	 “mandatory sinking fund payment”
	  	11.1
	 “New York Banking Day”
	  	10.16
	 “Notice Agent”
	  	2.4
	 “optional sinking fund payment”
	  	11.1
	 “Paying Agent”
	  	2.4
	 “Registrar”
	  	2.4
	 “Required Currency”
	  	10.16
	 “Specified Courts”
	  	10.10
	 “successor person”
	  	5.1

  
 4 

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

“indenture security holder” means a Securityholder. 

“indenture to be qualified” means this Indenture. 

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

“obligor” on the indenture securities means the Company and any successor obligor upon the Securities. 

All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under
the TIA and not otherwise defined herein are used herein as so defined. 
 Section 1.4.     Rules of
Construction. 
 Unless the context otherwise requires: 

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

(b)    an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP;

 (c)    “or” is not exclusive; 

(d)    words in the singular include the plural, and in the plural include the singular; and 

(e)    provisions apply to successive events and transactions. 

ARTICLE II. 
 THE SECURITIES 

Section 2.1.     Issuable in Series. 

The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be
issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner provided in a Board Resolution, a supplemental indenture or an Officer’s Certificate detailing the adoption of
the terms thereof pursuant to authority granted under a Board Resolution. In the case 

  
 5 

 
of Securities of a Series to be issued from time to time, the Board Resolution, Officer’s Certificate or supplemental indenture detailing the adoption of the terms thereof pursuant to
authority granted under a Board Resolution may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in
respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the benefits of the Indenture. 

Section 2.2.     Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of
Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through 2.2.23) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board
Resolution, supplemental indenture hereto or Officer’s Certificate: 
 2.2.1.    the title (which shall distinguish
the Securities of that particular Series from the Securities of any other Series) and ranking (including the terms of any subordination provisions) of the Series; 

2.2.2.    the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the
Series will be issued; 
 2.2.3.    any limit upon the aggregate principal amount of the Securities of the Series which
may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11,
3.6 or 9.6); 
 2.2.4.    the date or dates on which the principal of the Securities of the Series is payable; 

2.2.5.    the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine
such rate or rates (including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall
accrue, the date or dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; 

2.2.6.    the place or places where the principal of and interest, if any, on the Securities of the Series shall be
payable, where the Securities of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered, and the
method of such payment, if by wire transfer, mail or other means; 
 2.2.7.    if applicable, the period or periods
within which, the price or prices at which and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

  
 6 

 2.2.8.    the obligation, if any, of the Company to redeem or purchase
the Securities of the Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the
Series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 
 2.2.9.    the dates, if any,
on which and the price or prices at which the Securities of the Series will be repurchased by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 

2.2.10.    if other than minimum denominations of $1,000 and any integral multiple thereof, the denominations in which the
Securities of the Series shall be issuable; 
 2.2.11.    the forms of the Securities of the Series and whether the
Securities will be issuable as Global Securities; 
 2.2.12.    if other than the principal amount thereof, the portion
of the principal amount of the Securities of the Series that shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2; 

2.2.13.    the currency of denomination of the Securities of the Series, which may be Dollars or any Foreign Currency, and
if such currency of denomination is a composite currency, the agency or organization, if any, responsible for overseeing such composite currency; 

2.2.14.    the designation of the currency, currencies or currency units in which payment of the principal of and
interest, if any, on the Securities of the Series will be made; 
 2.2.15.    if payments of principal of or interest,
if any, on the Securities of the Series are to be made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be
determined; 
 2.2.16.    the manner in which the amounts of payment of principal of or interest, if any, on the
Securities of the Series will be determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; 

2.2.17.    the provisions, if any, relating to any security provided for the Securities of the Series; 

2.2.18.    any addition to, deletion of or change in the Events of Default which applies to any Securities of the Series
and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 

2.2.19.    any addition to, deletion of or change in the covenants set forth in Articles IV or V which applies to
Securities of the Series; 

  
 7 

 2.2.20.    any Depositaries, interest rate calculation agents, exchange
rate calculation agents or other agents with respect to Securities of such Series if other than those appointed herein; 

2.2.21.    the provisions, if any, relating to conversion or exchange of any Securities of such Series, including if
applicable, the conversion or exchange price, the conversion or exchange period, provisions as to whether conversion or exchange will be mandatory, at the option of the Holders thereof or at the option of the Company, the events requiring an
adjustment of the conversion price or exchange price and provisions affecting conversion or exchange if such Series of Securities are redeemed; 

2.2.22.    any other terms of the Series (which may supplement, modify or delete any provision of this Indenture insofar
as it applies to such Series), including any terms that may be required under applicable law or regulations or advisable in connection with the marketing of Securities of that Series; and 

2.2.23.    whether any of the Company’s direct or indirect Subsidiaries will guarantee the Securities of that Series,
including the terms of subordination, if any, of such guarantees. 
 All Securities of any one Series need not be issued at the same time
and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officer’s Certificate referred to above. 

Section 2.3.     Execution and Authentication. 

An Officer shall sign the Securities for the Company by manual, facsimile or electronic signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
nevertheless be valid. 
 A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating
agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at any
time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officer’s Certificate, upon receipt by the Trustee of a Company Order. Each
Security shall be dated the date of its authentication. 
 The aggregate principal amount of Securities of any Series outstanding at any
time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officer’s Certificate delivered pursuant to Section 2.2, except as provided in
Section 2.8. 
 Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2)
shall be fully protected in relying on: (a) the Board Resolution, 

  
 8 

 
supplemental indenture hereto or Officer’s Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that
Series or of Securities within that Series, (b) an Officer’s Certificate complying with Section 10.4, and (c) an Opinion of Counsel complying with Section 10.4. 

The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised
by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith shall determine that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities. 

The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate
Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of
the Company. 
 Section 2.4.     Registrar and Paying Agent. 

The Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant to
Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (the “Paying Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange (the
“Registrar”) and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered (the “Notice Agent”). The Registrar shall keep a register with
respect to each Series of Securities and to their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Notice Agent. If
at any time the Company shall fail to maintain any such required Registrar, Paying Agent or Notice Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or
served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands; provided, however, that any appointment of the Trustee as
the Notice Agent shall exclude the appointment of the Trustee or any office of the Trustee as an agent to receive the service of legal process on the Company. 

The Company may also from time to time designate one or more co-registrars, additional paying agents
or additional notice agents and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent
and Notice Agent in each place so specified pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name
or address of any such co-registrar, additional paying agent or additional notice agent. The term “Registrar” includes any co-registrar; the term
“Paying Agent” includes any additional paying agent; and the term “Notice Agent” includes any additional notice agent. The Company or any of its Affiliates may serve as Registrar or Paying Agent. 

  
 9 

 The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Notice Agent
for each Series unless another Registrar, Paying Agent or Notice Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. 

Section 2.5.     Paying Agent to Hold Money in Trust. 

The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the
benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will notify the Trustee in writing of any default by the Company
in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon
payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold
in a separate trust fund for the benefit of Securityholders of any Series of Securities all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to the Company, the Trustee shall serve as Paying
Agent for the Securities. 
 Section 2.6.     Securityholder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
Securityholders of each Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each interest payment date and at such other times
as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Securityholders of each Series of Securities. 

Section 2.7.     Transfer and Exchange. 

Where Securities of a Series are presented to the Registrar or a co-registrar with a request to
register a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of
transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may
require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or
9.6). 
 Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any
Series for the period beginning at the opening of business fifteen days immediately preceding the sending of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day such notice is
sent, or (b) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in
part. 

  
 10 

 Section 2.8.     Mutilated, Destroyed, Lost and Stolen
Securities. 
 If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and
deliver in exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Security and (ii) such security or indemnity bond as may be required by each of them to hold itself and any of its agents harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide
purchaser, the Company shall execute and upon receipt of a Company Order the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same Series and of like tenor and
principal amount and bearing a number not contemporaneously outstanding. 
 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 such Security. 

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 relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security 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. 
 The provisions of this Section are exclusive and shall preclude (to
the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 2.9.     Outstanding Securities. 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. 

If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that
the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent (other than the Company, a Subsidiary of the Company or an
Affiliate of the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to
accrue. 

  
 11 

 The Company may purchase or otherwise acquire the Securities, whether by open market
purchases, negotiated transactions or otherwise. A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security (but see Section 2.10 below). 

In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2. 

Section 2.10.     Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand,
authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company or any Affiliate of the Company shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on
any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. 

Section 2.11.     Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a
Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the
Trustee upon receipt of a Company Order shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary securities shall have the same rights under this Indenture
as the definitive Securities. 
 Section 2.12.     Cancellation. 

The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the
Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and
all Securities so delivered shall be promptly cancelled by the Trustee. If the Company shall so acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such
Securities unless and until the same are surrendered to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. No Securities
shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. The Trustee shall 

  
 12 

 
cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation in accordance with its customary procedures and deliver a certificate of such cancellation to the
Company upon written request by a Company Order from the Company. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation. 

Section 2.13.     Defaulted Interest. 

If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted
by law, any interest payable on the defaulted interest, to the persons who are Securityholders of the Series on a subsequent special record date. The Company shall fix the record date and payment date. At least 10 days before the special record
date, the Company shall send to the Trustee and to each Securityholder of the Series a notice that states the special record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful
manner. 
 Section 2.14.     Global Securities. 

2.14.1.    Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officer’s Certificate
shall establish whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities. 

2.14.2.    Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7 of
the Indenture and in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if
(i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case,
the Company fails to appoint a successor Depositary registered as a clearing agency under the Exchange Act within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officer’s Certificate to the effect that
such Global Security shall be so exchangeable. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate
principal amount equal to the principal amount of the Global Security with like tenor and terms. 
 Except as provided in this
Section 2.14.2, a Global Security may not be transferred except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such
Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary. 

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

 “THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME

  
 13 

 
OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.” 
 In addition, so long as the Depository
Trust Company (“DTC”) is the Depositary, each Global Note registered in the name of DTC or its nominee shall bear a legend in substantially the following form: 

“UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY GLOBAL NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 
 2.14.4.    Acts of Holders. The
Depositary, as a Holder, may appoint agents and otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture.

 2.14.5.    Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as
contemplated by Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 

2.14.6.    Consents, Declaration and Directions. The Company, the Trustee and any Agent shall treat a person as the
Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary or by the applicable procedures of such Depositary with respect to such Global
Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 

Section 2.15.     CUSIP Numbers. 

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

  
 14 

 Section 2.16.    Trustee Not Responsible for Securities
Laws. Notwithstanding anything herein to the contrary, neither the Trustee nor the Registrar shall be responsible for ascertaining whether any transfer complies with the registration provisions of or exemptions from the Securities Act of 1933,
as amended, applicable state securities laws or other applicable laws. 
 ARTICLE III. 

REDEMPTION 

Section 3.1.     Notice to Trustee. 

The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to
redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to
redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee in writing of the redemption date and the principal amount of Series of Securities to be
redeemed. The Company shall give the notice at least 15 days before the redemption date, unless a shorter period is satisfactory to the Trustee. 

Section 3.2.     Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, if
less than all the Securities of a Series are to be redeemed, the Securities of the Series to be redeemed will be selected as follows: (a) if the Securities are in the form of Global Securities, in accordance with the procedures of the
Depositary, (b) if the Securities are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed, or (c) if not otherwise
provided for under clause (a) or (b) in the manner that the Trustee deems fair and appropriate, including by lot or other method, unless otherwise required by law or applicable stock exchange requirements, subject, in the case of Global
Securities, to the applicable rules and procedures of the Depositary. The Securities to be redeemed shall be selected from Securities of the Series outstanding not previously called for redemption. Portions of the principal of Securities of the
Series that have denominations larger than $1,000 may be selected for redemption. Securities of the Series and portions of them it selected for redemption shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of
any Series issuable in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and the authorized integral multiples thereof. Provisions of this Indenture that apply to Securities of a Series called
for redemption also apply to portions of Securities of that Series called for redemption. 

  
 15 

 Section 3.3.     Notice of Redemption. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, at
least 15 days but not more than 60 days before a redemption date, the Company shall send or cause to be sent by first-class mail or electronically, in accordance with the procedures of the Depositary, a notice of redemption to each Holder whose
Securities are to be redeemed. 
 The notice shall identify the Securities of the Series to be redeemed and shall state: 

(a)    the redemption date; 

(b)    the redemption price; 

(c)    the name and address of the Paying Agent; 

(d)    if any Securities are being redeemed in part, the portion of the principal amount of such Securities
to be redeemed and that, after the redemption date and upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion of the original Security shall be issued in the name of the Holder thereof upon
cancellation of the original Security; 
 (e)    that Securities of the Series called for redemption must
be surrendered to the Paying Agent to collect the redemption price; 
 (f)    that interest on Securities
of the Series called for redemption ceases to accrue on and after the redemption date unless the Company defaults in the deposit of the redemption price; 

(g)    the CUSIP number, if any; and 

(h)    any other information as may be required by the terms of the particular Series or the Securities of
a Series being redeemed. 
 At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at
its expense, provided, however, that the Company has delivered to the Trustee, at least 10 days (unless a shorter time shall be acceptable to the Trustee) prior to the notice date, an Officer’s Certificate requesting that the Trustee give such
notice and setting forth the information to be stated in such notice. 
 Section 3.4.     Effect of Notice
of Redemption. 
 Once notice of redemption is sent as provided in Section 3.3, Securities of a Series called for redemption become
due and payable on the redemption date and at the redemption price. Except as otherwise provided in the supplemental indenture, Board Resolution or Officer’s Certificate for a Series, a notice of redemption may not be conditional. Upon
surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date. 

  
 16 

 Section 3.5.     Deposit of Redemption Price. 

On or before 11:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay
the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

Section 3.6.     Securities Redeemed in Part. 

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

COVENANTS 

Section 4.1.     Payment of Principal and Interest. 

The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the principal
of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. On or before 11:00 a.m., New York City time, on the applicable payment date, the Company shall deposit with the Paying
Agent money sufficient to pay the principal of and interest, if any, on the Securities of each Series in accordance with the terms of such Securities and this Indenture. 

Section 4.2.     SEC Reports. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee within 15 days after it files them with the
SEC copies of the annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant
to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other provisions of TIA § 314(a). Reports, information and documents filed with the SEC via the EDGAR system will be deemed to be delivered to the Trustee
as of the time of such filing via EDGAR for purposes of this Section 4.2. 
 Delivery of reports, information and documents to the
Trustee under this Section 4.2 are for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive or actual notice of any information contained therein or determinable from information
contained therein, including the Company’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on an Officer’s Certificate). 

Section 4.3.     Compliance Certificate. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee, within 120 days after the end of each
calendar year of the Company, an Officer’s Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding calendar year has been made under the supervision of the signing Officers with a view to
determining whether the Company has kept, observed, performed and fulfilled its obligations 

  
 17 

 
under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best of his/her knowledge the Company has kept, observed, performed and fulfilled each and
every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events
of Default of which the Officer may have knowledge). 
 Section 4.4.     Stay, Extension and Usury
Laws. 
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any
manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities; and the
Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the
Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 
 ARTICLE V. 

SUCCESSORS 

Section 5.1.     When Company May Merge, Etc. 

The Company shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its properties and
assets to, any person (a “successor person”) unless: 
 (a)    the Company is the
surviving corporation or the successor person (if other than the Company) is a corporation organized and validly existing under the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and
under this Indenture; and 
 (b)    immediately after giving effect to the transaction, no Default or
Event of Default, shall have occurred and be continuing. 
 The Company shall deliver to the Trustee prior to the consummation of the
proposed transaction an Officer’s Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture. 

Notwithstanding the above, any Subsidiary of the Company may consolidate with, merge into or transfer all or part of its properties to the
Company. Neither an Officer’s Certificate nor an Opinion of Counsel shall be required to be delivered in connection therewith. 

Section 5.2.     Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company
in accordance with Section 5.1, the successor corporation formed by such consolidation or into or with which the Company is 

  
 18 

 
merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture
with the same effect as if such successor person has been named as the Company herein; provided, however, that the predecessor Company in the case of a sale, conveyance or other disposition (other than a lease) shall be released from
all obligations and covenants under this Indenture and the Securities. 
 ARTICLE VI. 

DEFAULTS AND REMEDIES 

Section 6.1.     Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events,
unless in the establishing Board Resolution, supplemental indenture or Officer’s Certificate, it is provided that such Series shall not have the benefit of said Event of Default: 

(a)    default in the payment of any interest on any Security of that Series when it becomes due and
payable, and continuance of such default for a period of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to 11:00 a.m., New York City time, on the 30th day of such period); or 
 (b)    default in the
payment of principal of any Security of that Series at its Maturity; or 
 (c)    default in the
performance or breach of any covenant or warranty of the Company in this Indenture (other than defaults pursuant to paragraphs (a) or (b) above or pursuant to a covenant or warranty that has been included in this Indenture solely for the
benefit of Series of Securities other than that Series), which default continues uncured for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the
Holders of at least 25% in principal amount of the outstanding Securities of that Series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or

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

(i)    commences a voluntary case, 

(ii)    consents to the entry of an order for relief against it in an involuntary case, 

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

 (iv)    makes a general assignment for the benefit of its creditors, or 

  
 19 

 (v)    generally is unable to pay its debts as the same
become due; or 
 (e)    a court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that: 
 (i)    is for relief against the Company in an involuntary case, 

(ii)    appoints a Custodian of the Company or for all or substantially all of its property, or 

(iii)    orders the liquidation of the Company, 

and the order or decree remains unstayed and in effect for 60 days; or 

(f)    any other Event of Default provided with respect to Securities of that Series, which is specified in
a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, in accordance with Section 2.2.18. 
 The term
“Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law. 
 The Company will provide the Trustee written notice of any Default or Event of Default within 30 days of becoming aware
of the occurrence of such Default or Event of Default, which notice will describe in reasonable detail the status of such Default or Event of Default and what action the Company is taking or proposes to take in respect thereof. 

Section 6.2.     Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of
Default referred to in Section 6.1(d) or (e)) then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding Securities of that Series may declare the principal amount (or, if any Securities of
that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) of and accrued and unpaid interest, if any, on all of the Securities of that Series to be due and payable immediately, by
a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of
Default specified in Section 6.1(d) or (e) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto become and be immediately due and payable
without any declaration or other act on the part of the Trustee or any Holder. 
 At any time after such a declaration of acceleration with
respect to any Series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding Securities of
that Series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if all Events of Default with respect to 

  
 20 

 
Securities of that Series, other than the non-payment of the principal and interest, if any, of Securities of that Series which have become due solely by
such declaration of acceleration, have been cured or waived as provided in Section 6.13. 
 No such rescission shall affect any
subsequent Default or impair any right consequent thereon. 
 Section 6.3.     Collection of Indebtedness
and Suits for Enforcement by Trustee. 
 The Company covenants that if 

(a)    default is made in the payment of any interest on any Security when such interest becomes due and
payable and such default continues for a period of 30 days, or 
 (b)    default is made in the payment
of principal of any Security at the Maturity thereof, or 
 (c)    default is made in the deposit of any
sinking fund payment, if any, when and as due by the terms of a Security, 
 then, the Company will, upon demand of the Trustee, pay to it, for the
benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any
overdue interest at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the compensation, reasonable expenses,
disbursements and advances of the Trustee, its agents and counsel. 
 If the Company fails to pay such amounts forthwith upon such demand,
the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the
Company or any other obligor upon such Securities and collect the moneys adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

If an Event of Default with respect to any Securities of any Series occurs and is continuing, the Trustee may in its discretion proceed to
protect and enforce its rights and the rights of the Holders of Securities of such Series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement
of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

Section 6.4.     Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall

  
 21 

 
then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal
or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, 

(a)    to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect
of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the compensation, reasonable expenses, disbursements and advances of the Trustee, its
agents and counsel) and of the Holders allowed in such judicial proceeding, and 
 (b)    to collect and
receive any moneys or other property payable or deliverable on any such claims and to distribute the same, 
 and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments
directly to the Holders, to pay to the Trustee any amount due it for the compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.7. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any
plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.5.     Trustee May Enforce Claims Without Possession of Securities. 

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

 Section 6.6.     Application of Money Collected. 

Any money or property collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by
the Trustee and, in case of the distribution of such money or property on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 First:    To the payment of all amounts due the Trustee under Section 7.7; and 

  
 22 

 Second:    To the payment of the amounts then due and unpaid for
principal of and interest on the Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal
and interest, respectively; and 
 Third:    To the Company. 

Section 6.7.     Limitation on Suits. 

No Holder of any Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

(a)    such Holder has previously given written notice to the Trustee of a continuing Event of Default with
respect to the Securities of that Series; 
 (b)    the Holders of not less than 25% in principal amount
of the outstanding Securities of that Series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c)    such Holder or Holders have offered to the Trustee indemnity or security satisfactory to the Trustee
against the costs, expenses and liabilities which might be incurred by the Trustee in compliance with such request; 

(d)    the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed
to institute any such proceeding; and 
 (e)    no direction inconsistent with such written request has
been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series; 

it being understood, intended and expressly covenanted by the Holder of every Security with every other Holder and the Trustee that no one or more of such
Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference
over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders of the applicable Series. 

Section 6.8.     Unconditional Right of Holders to Receive Principal and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to
receive payment of the principal of and interest, if any, on such Security on the Maturity of such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for
the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

  
 23 

 Section 6.9.     Restoration of Rights and Remedies.

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

Section 6.10.     Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 2.8,
no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every
other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent
assertion or employment of any other appropriate right or remedy. 
 Section 6.11.     Delay or Omission
Not Waiver. 
 No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any
Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time
to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

Section 6.12.     Control by Holders. 

The Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such Series, provided that 

(a)    such direction shall not be in conflict with any rule of law or with this Indenture, 

(b)    the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with
such direction, 
 (c)    subject to the provisions of Section 7.1, the Trustee shall have the right
to decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability, and 

  
 24 

 (d)    prior to taking any action as directed under this
Section 6.12, the Trustee shall be entitled to indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

Section 6.13.     Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the outstanding Securities of any Series may on behalf of the Holders of all the
Securities of such Series, by written notice to the Trustee and the Company, waive any past Default hereunder with respect to such Series and its consequences, except a Default in the payment of the principal of or interest on any Security of such
Series (provided, however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration).
Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair
any right consequent thereon. 
 Section 6.14.     Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of
the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding
in the aggregate more than 10% in principal amount of the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Maturity of
such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date). 
 ARTICLE
VII. 
 TRUSTEE 

Section 7.1.     Duties of Trustee. 

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

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

(i)    The Trustee need perform only those duties that are specifically set forth in this Indenture and no
others. 

  
 25 

 (ii)    In the absence of bad faith on its part, the
Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon Officer’s Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of this
Indenture; however, in the case of any such Officer’s Certificates or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officer’s Certificates
and Opinions of Counsel to determine whether or not they conform to the form requirements of this Indenture. 

(c)    The Trustee may not be relieved from liability for its own negligent action, its own negligent
failure to act or its own willful misconduct, except that: 
 (i)    This paragraph does not limit the
effect of paragraph (b) of this Section. 
 (ii)    The Trustee shall not be liable for any error of
judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 

(iii)    The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken
by it with respect to Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding Securities of such Series relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such Series in accordance with Section 6.12. 

(d)    Every provision of this Indenture that in any way relates to the Trustee is subject to this Section
and Section 7.2. 
 (e)    The Trustee may refuse to perform any duty or exercise any right or power
unless it receives indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in performing such duty or exercising such right or power. 

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

(g)    No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur
any financial liability in the performance of any of its duties, or in the exercise of any of its rights or powers, if adequate indemnity against such risk is not assured to the Trustee in its satisfaction. 

(h)    The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections
and immunities as are set forth in paragraphs (e), (f) and (g) of this Section and in Section 7.2, each with respect to the Trustee. 

  
 26 

 Section 7.2.     Rights of Trustee. 

(a)    The Trustee may rely on and shall be protected in acting resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, judgment, approval, bond, debenture, note, coupon, other evidence of indebtedness or other paper or document (whether in its original or facsimile form) believed by it to be
genuine and to have been signed or presented by the proper person, not only as to due execution, validity and effectiveness, but also as to the truth and accuracy of any information contained therein. The Trustee need not investigate any fact or
matter stated in the document. 
 (b)    Before the Trustee acts or refrains from acting, it may require
an Officer’s Certificate or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate and/or Opinion of Counsel. 

(c)    The Trustee may act through agents and shall not be responsible for the misconduct or negligence of
any agent appointed with due care. No Depositary shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any Depositary. 

(d)    The Trustee shall not be liable for any action it takes or omits to take in good faith which it
believes to be authorized or within its rights or powers, provided that the Trustee’s conduct does not constitute willful misconduct or negligence. 

(e)    The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall
be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder without willful misconduct or negligence, and in reliance thereon. 

(f)    The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by
this Indenture at the request or direction of any of the Holders of Securities unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it
in compliance with such request or direction. 
 (g)    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, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit. 

(h)    The Trustee shall not be deemed to have notice of any Default or Event of Default unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities
generally or the Securities of a particular Series and this Indenture. 

  
 27 

 (i)    In no event shall the Trustee be liable to any
person for special, punitive, indirect, consequential or incidental loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss or damage and regardless of
the form of action. 
 (j)    The permissive right of the Trustee to take the actions permitted by this
Indenture shall not be construed as an obligation or duty to do so. 
 (k)     The Trustee is not responsible for
monitoring the performance of other persons or for the failure of others to perform their duties. 
 (l)    Any action
taken, or omitted to be taken, by the Trustee in good faith pursuant to this Indenture upon the request or authority or consent of any person who, at the time of making such request or giving such authority or consent, is the holder of any Note
shall be conclusive and binding upon future holders of Notes, and upon Notes executed and delivered in exchange therefor or in place thereof. 

(m)    The Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of
individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any Person authorized to sign an Officer’s Certificate, including any Person
specified as so authorized in any certificate previously delivered and not superseded. 
 (n)    The Trustee shall not
be required to give any bond or surety in respect of the execution of the trusts and powers under this Indenture. 

(o)    Notwithstanding anything to the contrary set forth herein, in no event shall the Trustee or the Paying Agent be
liable for interest on any money received by it (including, but not limited to, any negative interest) except as the Trustee or the Paying Agent may otherwise agree in writing with the Company. For the avoidance of doubt, the compensation,
reimbursement and indemnification protections afforded to the Trustee and the Paying Agent under Section 7.7 of this Indenture shall cover any interest-related expenses incurred by the Trustee or the Paying Agent in the performance of their
duties hereunder. 
 Section 7.3.     Individual Rights of Trustee. 

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

Section 7.4.     Trustee’s Disclaimer. 

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

  
 28 

 Section 7.5.     Notice of Defaults. 

If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Responsible
Officer of the Trustee, the Trustee shall send to each Securityholder of the Securities of that Series notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of
such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as a Responsible Officer in good faith
determines that withholding the notice is in the interests of Securityholders of that Series. 

Section 7.6.     Reports by Trustee to Holders. 

Within 60 days after each anniversary of the date of this Indenture and for so long as any Securities remain outstanding, the Trustee shall
transmit to all Securityholders, as their names and addresses appear on the register kept by the Registrar, a brief report dated as of such anniversary date, in accordance with, and to the extent required under, TIA § 313. 

A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each national securities
exchange on which the Securities of that Series are listed. The Company shall promptly notify the Trustee in writing when Securities of any Series are listed on any national securities exchange. 

Section 7.7.     Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time compensation for its services as the Company and the Trustee shall from time to time
agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out of pocket expenses, disbursements
and advances incurred by it in connection with the performance of its duties under this Indenture. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. 

The Company shall indemnify and hold harmless each of the Trustee and any predecessor Trustee (including for the cost of defending itself
against any claims by a third party or enforcing this indemnity) against any cost, expense, liability, action, damage, claim, suit or expense (including attorneys’ fees and expenses, and including taxes (other than taxes based upon, measured by
or determined by the income of the Trustee)), incurred by it or arising out of or in connection with (including the performance of its duties and the exercise of its powers and the enforcement of this Indenture), except as set forth in the next
paragraph, its duties under this Indenture as Trustee or Agent. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its
obligations hereunder, unless and to the extent that the Company is materially prejudiced thereby. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the Company shall pay the
reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent will not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and
agents of the Trustee. 

  
 29 

 The Company need not reimburse any expense or indemnify against any loss or liability
incurred by the Trustee or by any officer, director, employee, shareholder or agent of the Trustee through willful misconduct or negligence. 

To secure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities of any Series on all
money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities of that Series. 

When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(d) or (e) occurs, the
expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
 The
provisions of this Section shall survive the termination of this Indenture and the resignation or removal of the Trustee or Agent. 

Section 7.8.     Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section. 
 The Trustee may resign with respect to the Securities of one or more Series by so
notifying the Company at least 30 days prior to the date of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and
the Company in writing at least 30 days prior to the date of the proposed removal. The Company may remove the Trustee with respect to Securities of one or more Series if: 

(a)    the Trustee fails to comply with Section 7.10; 

(b)    the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to
the Trustee under any Bankruptcy Law; 
 (c)    a Custodian or public officer takes charge of the Trustee
or its property; or 
 (d)    the Trustee becomes incapable of acting. 

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

  
 30 

 If a successor Trustee with respect to the Securities of any one or more Series does not
take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities of the applicable Series may petition any court of competent
jurisdiction for the appointment of a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the
retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.7, the resignation or removal of the
retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee
shall mail a notice of its succession to each Securityholder of each such Series. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 hereof shall continue for the
benefit of the retiring Trustee with respect to expenses and liabilities incurred by it for actions taken or omitted to be taken in accordance with its rights, powers and duties under this Indenture prior to such replacement. 

Section 7.9.     Successor Trustee by Merger, Etc. 

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation, the successor corporation without any further act shall be the successor Trustee, subject to Section 7.10. 

Section 7.10.     Eligibility; Disqualification. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee shall always have a
combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b). 

Section 7.11.     Preferential Collection of Claims Against Company. 

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

SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.1.     Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Order be discharged with respect to the Securities of any Series and cease to be of further effect as to all
Securities of such Series (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute instruments acknowledging satisfaction and discharge of this Indenture, when 

(a)    either 

  
 31 

 (i)    all Securities of such Series theretofore
authenticated and delivered (other than Securities that have been destroyed, lost or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 

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

(1)    have become due and payable by reason of sending a notice of redemption or otherwise, or 

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

(3)    have been called for redemption or are to be called for redemption within one year under
arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, or 

(4)    are deemed paid and discharged pursuant to Section 8.3, as applicable; 

and the Company, in the case of (1), (2) or (3) above, shall have irrevocably deposited or caused to be deposited with the Trustee as trust funds in
trust an amount of money or U.S. Government Obligations, which amount shall be sufficient for the purpose of paying and discharging each installment of principal (including mandatory sinking fund or analogous payments) of and interest on all the
Securities of such Series on the dates such installments of principal or interest are due; 
 (b)    the
Company has paid or caused to be paid all other sums payable hereunder by the Company; and 
 (c)    the
Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the satisfaction and discharge contemplated by this Section have been complied
with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under
Section 7.7, and, if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.2 and 8.5 shall survive. 

Section 8.2.     Application of Trust Funds; Indemnification. 

(a)    Subject to the provisions of Section 8.5, all money and U.S. Government Obligations or Foreign
Government Obligations deposited with the Trustee pursuant to Section 8.1, 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to
Section 8.1, 8.3 or 8.4, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own
Paying Agent) as the Trustee 

  
 32 

 
may determine, to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to make mandatory sinking fund
payments or analogous payments as contemplated by Sections 8.1, 8.3 or 8.4. 
 (b)    The Company shall
pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.1, 8.3 or 8.4 or the interest and principal
received in respect of such obligations other than any payable by or on behalf of Holders. 
 (c)    The
Trustee shall deliver or pay to the Company from time to time upon Company Order any U.S. Government Obligations or Foreign Government Obligations or money held by it as provided in Sections 8.3 or 8.4 which, in the opinion of a nationally
recognized firm of independent certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for
the purpose for which such U.S. Government Obligations or Foreign Government Obligations or money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government
Obligations held under this Indenture. 
 Section 8.3.     Legal Defeasance of Securities of any
Series. 
 Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2, to be inapplicable to Securities of any
Series, the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of
this Indenture, as it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon receipt of a Company Order, execute instruments acknowledging the same), except as
to: 
 (a)    the rights of Holders of Securities of such Series to receive, from the trust funds
described in subparagraph (d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Maturity of such principal or installment of principal or interest and
(ii) the benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series; 

(b)    the provisions of Sections 2.4, 2.5, 2.7, 2.8, 7.7, 8.2, 8.3, 8.5 and 8.6; and 

(c)    the rights, powers, trusts and immunities of the Trustee hereunder and the Company’s
obligations in connection therewith; 

  
 33 

 provided that, the following conditions shall have been satisfied: 

(d)    the Company shall have irrevocably deposited or caused to be deposited (except as provided in
Section 8.2(c)) with the Trustee as trust funds specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars
and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and
principal in respect thereof in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in
cash, sufficient, in the opinion of a nationally recognized firm of independent public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and
interest, on and any mandatory sinking fund payments in respect of all the Securities of such Series on the dates such installments of principal or interest and such sinking fund payments are due; 

(e)    such deposit will not result in a breach or violation of, or constitute a default under, this
Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 

(f)    no Default or Event of Default with respect to the Securities of such Series shall have occurred and
be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

(g)    the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel to the effect that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this Indenture, there has been a change in the applicable Federal
income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such
deposit, defeasance and discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred; 

(h)    the Company shall have delivered to the Trustee an Officer’s Certificate stating that the
deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

(i)    the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with. 

Section 8.4.     Covenant Defeasance. 

Unless this Section 8.4 is otherwise specified pursuant to Section 2.2 to be inapplicable to Securities of any Series, the Company
may omit to comply with respect to the 

  
 34 

 
Securities of any Series with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4 and 5.1 and, unless otherwise specified therein, any additional covenants specified in a
supplemental indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 (and the failure to comply with any such covenants shall not constitute a Default or Event of Default
with respect to such Series under Section 6.1) and the occurrence of any event specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 and
designated as an Event of Default shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series, but, except as specified above, the remainder of this Indenture and such Securities will be unaffected
thereby; provided that the following conditions shall have been satisfied: 
 (a)    with reference to
this Section 8.4, the Company has irrevocably deposited or caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments specifically
pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of
Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will
provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of
independent certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal (including mandatory sinking fund or analogous payments) of and
interest on all the Securities of such Series on the dates such installments of principal or interest are due; 

(b)    such deposit will not result in a breach or violation of, or constitute a default under, this
Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 

(c)    no Default or Event of Default with respect to the Securities of such Series shall have occurred and
be continuing on the date of such deposit; 
 (d)    the Company shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel to the effect that the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit and covenant defeasance and will
be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and covenant defeasance had not occurred; 

(e)    The Company shall have delivered to the Trustee an Officer’s Certificate stating the deposit
was not made by the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

  
 35 

 (f)    The Company shall have 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 covenant defeasance contemplated by this Section have been complied with. 

Section 8.5.     Repayment to Company. 

Subject to applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon request any money held by them for
the payment of principal and interest that remains unclaimed for two years. After that, Securityholders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another
person. 
 Section 8.6.     Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money deposited with respect to Securities of any Series in accordance with
Section 8.1 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the obligations of the Company under this Indenture
with respect to the Securities of such Series and under the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1 until such time as the Trustee or the Paying Agent is permitted to
apply all such money in accordance with Section 8.1; provided, however, that if the Company has made any payment of principal of or interest on any Securities because of the reinstatement of its obligations, the Company shall be
subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent after payment in full to the Holders. 

ARTICLE IX. 
 AMENDMENTS AND
WAIVERS 
 Section 9.1.     Without Consent of Holders. 

The Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any
Securityholder: 
 (a)    to cure any ambiguity, defect or inconsistency; 

(b)    to comply with Article V; 

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

(d)    to add guarantees with respect to Securities of any Series or secure Securities of any Series; 

(e)    to surrender any of the Company’s rights or powers under this Indenture; 

(f)    to add covenants or events of default for the benefit of the holders of Securities of any Series;

  
 36 

 (g)    to comply with the applicable procedures of the
applicable depositary; 
 (h)    to make any change that does not adversely affect the rights of any
Securityholder; 
 (i)    to provide for the issuance of and establish the form and terms and conditions
of Securities of any Series as permitted by this Indenture; 
 (j)    to evidence and provide for the
acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of
the trusts hereunder by more than one Trustee; or 
 (k)    to modify, eliminate or add to the provisions
of this Indenture to such extent as shall be necessary to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA, or under any similar federal statute hereafter enacted, and to add to
this Indenture such other provisions as may be expressly permitted by the TIA, excluding however, the provisions referred to in Section 316(a)(2) of the TIA or any corresponding provision in any similar federal statute hereafter enacted. 

Section 9.2.     With Consent of Holders. 

The Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders of at least a majority in principal
amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Securityholders of each such Series. Except as provided in Section 6.13, the
Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series) may waive
compliance by the Company with any provision of this Indenture or the Securities with respect to such Series. 
 It shall not be necessary
for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental
indenture or waiver under this section becomes effective, the Company shall send to the Holders of Securities affected thereby, a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to send such notice, or any
defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver. 

  
 37 

 Section 9.3.     Limitations. 

Without the consent of each Securityholder affected, an amendment or waiver may not: 

(a)    reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or
waiver; 
 (b)    reduce the rate of or extend the time for payment of interest (including default
interest) on any Security; 
 (c)    reduce the principal or change the Stated Maturity of any Security
or reduce the amount of, or postpone the date fixed for, the payment of any sinking fund or analogous obligation; 

(d)    reduce the principal amount of Discount Securities payable upon acceleration of the maturity
thereof; 
 (e)    waive a Default or Event of Default in the payment of the principal of or interest, if
any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment default that resulted from
such acceleration); 
 (f)    make the principal of or interest, if any, on any Security payable in any
currency other than that stated in the Security; 
 (g)    make any change in Sections 6.8, 6.13 or 9.3
(this sentence); or 
 (h)    waive a redemption payment with respect to any Security, provided that such
redemption is made at the Company’s option. 
 Section 9.4.     Compliance with Trust Indenture
Act. 
 Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto
that complies with the TIA as then in effect. 
 Section 9.5.     Revocation and Effect of Consents.

 Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a Security is a
continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such
Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date of the supplemental indenture or the date the waiver becomes effective. 

Any amendment or waiver once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is of the
type described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that
evidences the same debt as the consenting Holder’s Security. 

  
 38 

 The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the second immediately preceding
paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those persons, shall be entitled to give such consent or to revoke any consent previously given or take any such action, whether or not such
Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date. 

Section 9.6.     Notation on or Exchange of Securities. 

The Company or the Trustee may place an appropriate notation about an amendment or waiver on any Security of any Series thereafter
authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon receipt of a Company Order in accordance with Section 2.3 new Securities of that Series that reflect the amendment or waiver.

 Section 9.7.     Trustee Protected. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Officer’s Certificate or an Opinion of Counsel or both complying with
Section 10.4. The Trustee shall sign all supplemental indentures upon delivery of such an Officer’s Certificate or Opinion of Counsel or both, except that the Trustee need not sign any supplemental indenture that adversely affects its
rights, duties, liabilities or immunities under this Indenture. 
 ARTICLE X. 

MISCELLANEOUS 

Section 10.1.     Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be included in this
Indenture by the TIA, such required or deemed provision shall control. 
 Section 10.2.     Notices.

 Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly given if in
writing and delivered in person or mailed by first-class mail (registered or certified, return receipt requested), facsimile transmission, email or overnight air courier guaranteeing next day delivery, to the
others’ address: 
 if to the Company: 

Ouster, Inc. 
 350 Treat Avenue

  
 39 

 San Francisco, California 94110 

Attention: Adam Dolinko 

Telephone: (415) 949-0108 

with a copy to: 
 Latham & Watkins LLP

 140 Scott Drive 
 Menlo
Park, CA 94025 
 Attention: Benjamin Potter, Drew Capurro 

Telephone: (650) 328-4600 

if to the Trustee: 
 Wilmington Trust, National
Association 
 Rodney Square North 

1100 North Market Street 

Wilmington, DE 19890 

Attention: Ouster, Inc. Administrator 

Telephone: (302) 636-6398 

The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.

 Any notice or communication to a Securityholder shall be sent electronically or by first-class mail to his, her or its address shown on
the register kept by the Registrar, in accordance with the procedures of the Depositary. Failure to send a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency with respect to other
Securityholders of that or any other Series. 
 If a notice or communication is sent or published in the manner provided above, within the
time prescribed, it is duly given, whether or not the Securityholder receives it. 
 If the Company sends a notice or communication to
Securityholders, it shall send a copy to the Trustee and each Agent at the same time. 
 Notwithstanding any other provision of this
Indenture or any Security, where this Indenture or any Security provides for notice of any event (including any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given to the
Depositary for such Security (or its designee) pursuant to the customary procedures of such Depositary. 

Section 10.3.     Communication by Holders with Other Holders. 

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

  
 40 

 Section 10.4.     Certificate and Opinion as to Conditions
Precedent. 
 Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall
furnish to the Trustee: 
 (a)    an Officer’s Certificate stating that, in the opinion of the
signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b)    an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent
have been complied with. 
 Section 10.5.     Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include: 

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

 (b)    a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; 
 (c)    a statement that, in
the opinion of such person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d)    a statement as to whether or not, in the opinion of such person, such condition or covenant has been
complied with. 
 Section 10.6.     Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series. Any Agent may make reasonable rules
and set reasonable requirements for its functions. 
 Section 10.7.     Legal Holidays. 

A “Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment
may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. 

  
 41 

 Section 10.8.     No Recourse Against Others. 

A director, officer, employee or stockholder (past or present), as such, of the Company shall not have any liability for any obligations of the
Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Securityholder by accepting a Security waives and releases all such liability. The waiver and release are
part of the consideration for the issue of the Securities. 
 Section 10.9.     Counterparts. 

This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or electronic format (e.g., “.pdf” or
“.tif”) transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or electronic format (e.g., “.pdf” or “.tif”) shall be deemed to be their original signatures for all purposes. 

Unless otherwise provided herein or in any other Securities, the words “execute”, “execution”, “signed”, and
“signature” and words of similar import used in or related to any document to be signed in connection with this Indenture, any Securities or any of the transactions contemplated hereby (including amendments, waivers, consents and other
modifications) shall be deemed to include electronic signatures and the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a
paper-based recordkeeping system, as applicable, to the fullest extent and as provided for in any Applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records
Act, and any other similar state laws based on the Uniform Electronic Transactions Act, provided that, notwithstanding anything herein to the contrary, the Trustee is not under any obligation to agree to accept electronic signatures in any form or
in any format unless expressly agreed to by such Trustee pursuant to procedures approved by such Trustee. 

Section 10.10.     Governing Law; Waiver of Jury Trial; Consent to Jurisdiction. 

THIS INDENTURE AND THE SECURITIES, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THE INDENTURE OR THE SECURITIES, SHALL
BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 THE COMPANY, THE TRUSTEE AND THE HOLDERS (BY THEIR ACCEPTANCE OF THE SECURITIES)
EACH HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

  
 42 

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

Section 10.11.     No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such
indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 10.12.     Successors. 

All agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture
shall bind its successor. 
 Section 10.13.     Severability. 

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

Section 10.14.     Table of Contents, Headings, Etc. 

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

Section 10.15.     Securities in a Foreign Currency. 

Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to
Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series
or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in more than one currency, then the principal amount of Securities of such Series which
shall be deemed to be outstanding for the purpose of taking such action shall be determined by converting any such other currency into a currency that is designated upon issuance of any particular Series of Securities. Unless otherwise

  
 43 

 
specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of
Securities, such conversion shall be at the spot rate for the purchase of the designated currency as published in The Financial Times in the “Currency Rates” section (or, if The Financial Times is no longer published, or if such
information is no longer available in The Financial Times, such source as may be selected in good faith by the Company) on any date of determination. The provisions of this paragraph shall apply in determining the equivalent principal amount in
respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 

All decisions and determinations provided for in the preceding paragraph shall, in the absence of manifest error, to the extent permitted by
law, be conclusive for all purposes and irrevocably binding upon the Trustee and all Holders. 

Section 10.16.     Judgment Currency. 

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining
judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered
(the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the
day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New
York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency
(i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or
recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the
purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained
for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or
required by law, regulation or executive order to close. 
 Section 10.17.     Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances or governmental actions, nuclear or natural catastrophes or
acts of God, earthquakes, fires, floods, sabotage, riots, epidemics or pandemics, interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, 

  
 44 

 
and the unavailability of the Federal Reserve Bank wire or telex or other wire or communication facility, it being understood that the Trustee shall use reasonable best efforts which are
consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

Section 10.18.     U.S.A. Patriot Act. 

The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee is required to obtain, verify,
and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request
in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

Section 10.19.    Separability Clause; Entire Agreement. 

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. This Indenture, any applicable supplemental indenture and the exhibits hereto set forth the entire agreement and understanding of the parties related to
this transaction and supersedes all prior written agreements and understandings, oral or written. 
 ARTICLE XI. 

SINKING FUNDS 

Section 11.1.     Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series if so provided by the
terms of such Securities pursuant to Section 2.2 and except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 

The minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a
“mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of
any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.2. Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the
Securities of such Series. 
 Section 11.2.     Satisfaction of Sinking Fund Payments with Securities.

 The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and
(2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities
(except pursuant to any mandatory sinking fund) 

  
 45 

 
or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been
previously so credited. Such Securities shall be received by the Trustee, together with an Officer’s Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities for
redemption, and shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result
of the delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the
Trustee need not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund
payment, provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon
delivery by the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company. 

Section 11.3.     Redemption of Securities for Sinking Fund. 

Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officer’s Certificate in
respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing mandatory sinking
fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that
Series pursuant to Section 11.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified. Not less than 30 days
(unless otherwise indicated in the Board Resolution, Officer’s Certificate or supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Securities to be redeemed upon such sinking
fund payment date will be selected in the manner specified in Section 3.2 and the Company shall send or cause to be sent a notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in
and in accordance with Section 3.3. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.4, 3.5 and 3.6. 

  
 46 

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

			
	OUSTER, INC.
		
	By:	 	  

		 	Name:
		 	Its:
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Name:
		 	Its:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}]]