Document:

EXHIBIT 4.3 

AUDIOEYE, INC.

 

TO

  

[___________________]

 

Trustee

 

________________

 

INDENTURE

  

Dated as of [__________]

 

________________

 

Senior Debt Securities

 

     

     

    

 

AudioEye, Inc.

Reconciliation and tie between Trust
Indenture Act of 1939 and

Indenture, dated as of [_____________]

 

	Trust Indenture Act Section	Indenture Section
	§310(a)(1)	609 
	(a)(2)	609 
	(a)(3)	Not Applicable
	(a)(4)	Not Applicable
	(a)(5)	609 
	(b)	608, 610
	§311(a)	613 
	(b)	613 
	§312(a)	701, 702(a)
	(b)	702(b)
	(c)	702(c)
	§313(a)	703(a)
	(b)	703(a)
	(c)	703(a)
	(d)	703(b)
	§314(a)	704, 1005
	(b)	Not Applicable
	(c)(1)	102 
	(c)(2)	102 
	(c)(3)	Not Applicable
	(d)	Not Applicable
	(e)	102 
	§315(a)	601 
	(b)	602 
	(c)	601 
	(d)	601 
	(e)	514 
	§316(a)	101 
	(a)(1)(A)	104(h), 502,
	 	512 
	(a)(1)(B)	104(h), 513
	(a)(2)	Not Applicable
	(b)	508 
	(c)	104(h)
	§317(a)(1)	503 
	(a)(2)	504 
	(b)	1003 
	§318(a)	107 
	(c)	107 

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

 

     

     

    

 

TABLE OF CONTENTS

 

Page

 

	ARTICLE ONE 

Definitions and Other Provisions of General Application
	 
	Section 101. Definitions	1
	 	 
	ARTICLE TWO 

Debt Security Forms
	 
	Section 201. Forms Generally	10
	Section 203. Debt Securities in Global Form	10
	 	 
	ARTICLE THREE 

The Debt Securities
	 
	Section 301. Amount Unlimited; Issuance in Series	11
	Section 302. Denominations	13
	Section 303. Execution, Authentication, Delivery and Dating	13
	Section 304. Temporary Debt Securities	14
	Section 305. Registration; Registration of Transfer and Exchange	16
	Section 306. Mutilated, Destroyed, Lost and Stolen Debt Securities	18
	Section 307. Payment of Interest; Interest Rights Preserved	19
	Section 308.  Persons Deemed Owners	20
	Section 309.  Cancellation	21
	Section 310.  Computation of Interest	21
	Section 311.  Certification by a Person Entitled to Delivery of a Bearer Security	21
	Section 312.  Judgments	21
	 	 
	ARTICLE FOUR 

Satisfaction and Discharge
	 
	Section 401.  Satisfaction and Discharge of Indenture	22
	 	 
	ARTICLE FIVE 

Remedies
	 
	Section 501.  Events of Default	25
	Section 502.  Acceleration of Maturity; Rescission and Annulment	25
	Section 504.  Trustee May File Proofs of Claim	26
	Section 505.  Trustee May Enforce Claims without Possession of Debt Securities or Coupons	27
	Section 506.  Application of Money Collected	27
	Section 507.  Limitation on Suits	27
	Section 508.  Unconditional Right of Holders to Receive Principal, Premium and Interest	28
	Section 510.  Rights and Remedies Cumulative	28
	Section 511.  Delay or Omission Not Waiver	28
	Section 512.  Control by Holders of Debt Securities	28
	Section 513.  Waiver of Past Defaults	29
	Section 514.  Undertaking for Costs	29
	Section 515.  Waiver of Stay or Extension Laws	29
	 	 

    -i-

     

    

 

TABLE OF CONTENTS

(continued)

 

Page

 

	ARTICLE SIX 

The Trustee
	 
	Section 601.   Certain Duties and Responsibilities	30
	Section 602.   Notice of Default	30
	Section 603.   Certain Rights of Trustee	30
	Section 604.   Not Responsible for Recitals or Issuance of Debt Securities	31
	Section 605.   May Hold Debt Securities or Coupons	31
	Section 606.  Money Held in Trust	31
	Section 607.  Compensation and Reimbursement	31
	Section 608.  Disqualification; Conflicting Interests	32
	Section 609.  Corporate Trustee Required; Eligibility	32
	Section 610.  Resignation and Removal; Appointment of Successor	32
	Section 611.  Acceptance of Appointment by Successor	34
	Section 612.  Merger, Conversion, Consolidation or Succession to Business	34
	Section 613.  Preferential Collection of Claims Against Company	35
	Section 614.  Authenticating Agent	35
	 	 
	ARTICLE SEVEN

 Holders’ Lists and Reports By Trustee and Company
	 
	Section 701.  Company to Furnish Trustee Names and Addresses of Holders	36
	Section 702.  Preservation of Information; Communications to Holders	36
	Section 703.  Reports by Trustee	36
	Section 704.  Reports by Company	36
	 	 
	ARTICLE EIGHT

 Consolidation, Merger, Conveyance, Transfer or Lease
	 
	Section 801.  Company May Consolidate, etc. Only on Certain Terms	37
	Section 802.  Successor Corporation Substituted	37
	 	 
	ARTICLE NINE 

Supplemental Indentures
	 
	Section 901.  Supplemental Indentures without Consent of Holders	37
	Section 902.  Supplemental Indentures with Consent of Holders	38
	Section 903.  Execution of Supplemental Indentures	39
	Section 904.  Effect of Supplemental Indentures	39
	Section 905.  Conformity with Trust Indenture Act	39
	Section 906.  Reference in Debt Securities to Supplemental Indentures	39
	 	 
	ARTICLE TEN

 Covenants
	 
	Section 1001.  Payment of Principal, Premium and Interest	39
	Section 1002.  Maintenance of Office or Agency	40
	Section 1003.  Money for Debt Securities Payments to Be Held in Trust	40
	Section 1004.  Payment of Additional Amounts	41
	Section 1005.  Officers’ Certificate as to Default	42
	Section 1006.  Waiver of Certain Covenants	42
	 	 
	ARTICLE ELEVEN 

Redemption of Debt Securities
	 
	Section 1101.  Applicability of Article	42
	Section 1102.  Election to Redeem; Notice to Trustee	42
	Section 1103.  Selection by Trustee of Debt Securities to be Redeemed	42
	Section 1104.  Notice of Redemption	43
	Section 1105.  Deposit of Redemption Price	43
	Section 1106.  Debt Securities Payable on Redemption Date	43
	Section 1107.  Debt Securities Redeemed in Part	44
	 	 

    -ii-

     

    

 

TABLE OF CONTENTS

(continued)

 

Page

 

	ARTICLE TWELVE 

Sinking Funds
	 
	Section 1201.  Applicability of Article	44
	Section 1202.  Satisfaction of Sinking Fund Payments with Debt Securities	44
	Section 1203.  Redemption of Debt Securities for Sinking Fund	45
	 	 
	ARTICLE THIRTEEN 

Repayment at the Option of Holders
	 
	Section 1301.  Applicability of Article	45
	Section 1302.  Repayment of Debt Securities	45
	Section 1303.  Exercise of Option; Notice	45
	Section 1304.  Election of Repayment by Remarketing Entities	46
	Section 1305.  Securities Payable on the Repayment Date	46
	 	 
	ARTICLE FOURTEEN 

Meetings of Holders of Debt Securities
	 
	Section 1401.  Purposes for Which Meetings May Be Called	46
	Section 1402.  Call, Notice and Place of Meetings	47
	Section 1403.  Persons Entitled to Vote at Meetings	47
	Section 1404.  Quorum; Action	47
	Section 1405.  Determination of Voting Rights; Conduct and Adjournment of Meetings	48
	Section 1406.  Counting Votes and Recording Action of Meetings	48
	 	 
	ARTICLE 

FIFTEEN Defeasance
	 
	Section 1501.  Termination of Company’s Obligations	49
	Section 1502.  Repayment to Company	49
	Section 1503.  Indemnity for Eligible Instruments	50

 

EXHIBITS

Exhibit A1

Exhibit A2

Exhibit B

 

    -iii-

     

    

 

  

INDENTURE (the “Indenture”)
dated as of [_______________], between AUDIOEYE, INC., a Delaware corporation (hereinafter called the “Company”), having
its principal place of business at 5210 E. Williams Circle, Suite 750, Tucson, AZ 85711, and [_________________], (hereinafter
called the “Trustee”), a national banking association duly organized and validly existing under the laws of the United
States of America having its Corporate Trust Office at [_______________________________].

 

RECITALS OF THE COMPANY

 

The Company has duly
authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its debentures, notes,
bonds and other evidences of indebtedness (herein called the “Debt Securities”).

 

All things necessary
have been done to make this Indenture a valid agreement of the Company, in accordance with its terms.

 

NOW, THEREFORE, THIS
INDENTURE WITNESSETH:

 

For and in consideration
of the premises and the purchase of the Debt Securities of any series created and issued on or after the date hereof by the Holders
thereof, it is mutually covenanted and agreed for the benefit of all Holders of such Debt Securities or of any such series, as
follows:

 

ARTICLE ONE

Definitions and Other Provisions

of General Application

 

Section 101. Definitions.

 

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

 

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

 

(2) all other
terms used herein which are defined in the Trust Indenture Act or by Commission rule or regulation under the Trust Indenture Act,
either directly or by reference therein, as in force at the date as of which this instrument was executed, except as provided in
Section 905, have the meanings assigned to them therein;

 

(3) all accounting
terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles,
and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect
to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the United
States at the date of such computation; and

 

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

 

Certain terms, used principally
in Article Six, are defined in that Article.

 

“Act” when
used with respect to any Holder has the meaning specified in Section 104.

 

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

 

“Authorized
Newspaper” means a newspaper in an official language of the country of publication or in the English language
customarily published on each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general
circulation in the place in connection with which the term is used or in the financial community of such place. Where
successive publications are required to be made in Authorized Newspapers, the successive publications may be made in the same
or in different newspapers in the same city meeting the foregoing requirements and in each case on any Business Day.

 

    1

     

    

 

“Bearer Security”
means any Debt Security established pursuant to Section 201 which is payable to bearer including, without limitation, unless the
context otherwise indicates, a Debt Security in global bearer form.

 

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

 

“Board Resolution”
means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the
Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. Where any
provision of this Indenture refers to action to be taken pursuant to a Board Resolution (including the establishment of any series
of the Debt Securities and the forms and terms thereof), such action may be taken by any committee of the Board of the Company
or any officer or employee of the Company authorized to take such action by a Board Resolution.

 

“Business Day”,
when used with respect to any Place of Payment, means any day which is not a Saturday or Sunday and which is not a legal holiday
or a day on which banking institutions or trust companies in that Place of Payment are authorized or obligated by law or executive
order to close.

 

“Clearstream”
means Clearstream Banking S.A.

 

“Commission”
means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or if at any time
after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust
Indenture Act, then the body performing such duties on such date.

 

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

 

“Company Request”
and “Company Order” mean, respectively, except as otherwise provided in this Indenture, a written request or order
signed in the name of the Company by the Chairman of the Board, a Vice Chairman of the Board, the President or a Vice President
(any references to a Vice President of the Company herein shall be deemed to include any Vice President of the Company whether
or not designated by a number or word or words added before or after the title “Vice President”), the Treasurer, an
Assistant Treasurer, the Controller, an Assistant Controller, Secretary or an Assistant Secretary of the Company or by another
officer of the Company duly authorized to sign by a Board Resolution, and delivered to the Trustee.

 

“Corporate Trust
Office” means the principal office of the Trustee at which at any particular time its corporate trust business shall be administered,
which office at the date of original execution of this Indenture is located at [__________________________].

 

The term “corporation”
includes corporations, associations, companies and business trusts.

 

The term “coupon”
means any interest coupon appertaining to a Bearer Security.

 

“Debt Securities”
has the meaning stated in the first recital of this Indenture and more particularly means any Debt Securities authenticated and
delivered under this Indenture.

 

“Defaulted Interest”
has the meaning specified in Section 307.

 

“Depositary”
means, with respect to the Debt Securities of any series issuable or issued in the form of a Global Security, the Person designated
as Depositary by the Company pursuant to Section 301 until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include each person who is then a Depositary
hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Debt Securities
of any such series shall mean the Depositary with respect to the Debt Securities of that series.

 

“Designated Currency”
has the meaning specified in Section 312.

 

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

 

    2

     

    

 

“Eligible Instruments”
means monetary assets, money market instruments and securities that are payable in Dollars only and essentially risk free as to
collection of principal and interest, including U.S. Government Obligations.

 

“Euro” means
the single currency of the European Monetary Union as defined under EC Regulation 1103/97 adopted under Article 235 of the EU Treaty
and under EC Regulation 974/98 adopted under Article 109l(4) of the EU Treaty or under any successor European legislation from
time to time.

 

“Euroclear”
means Euroclear Bank S.A./N.V., as operator of the Euroclear System.

 

“Event of Default”
has the meaning specified in Section 501.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Exchange Rate”
shall have the meaning specified as contemplated in Section 301.

 

“Exchange Rate
Agent” shall have the meaning specified as contemplated in Section 301.

 

“Exchange Rate
Officer’s Certificate”, with respect to any date for the payment of principal of (and premium, if any) and interest
on any series of Debt Securities, means a certificate setting forth the applicable Exchange Rate and the amounts payable in Dollars
and Foreign Currencies in respect of the principal of (and premium, if any) and interest on Debt Securities denominated in Euro,
any other composite currency or Foreign Currency, and signed by the Chairman of the Board, a Vice Chairman of the Board, the President,
a Vice President, the Treasurer or any Assistant Treasurer of the Company or the Exchange Rate Agent appointed pursuant to Section
301, and delivered to the Trustee.

 

“Foreign Currency”
means a currency issued by the government of any country other than the United States of America.

 

“Global Exchange
Agent” has the meaning specified in Section 304.

 

“Global Exchange
Date” has the meaning specified in Section 304.

 

“Global Security”
means a Debt Security issued to evidence all or part of a series of Debt Securities in accordance with Section 303.

 

“Holder”,
with respect to a Registered Security, means a Person in whose name such Registered Security is registered in the Security Register
and, with respect to a Bearer Security or a coupon, means the bearer thereof.

 

“Indenture”
means this instrument as originally executed or as it may from time to time be supplemented, amended or restated by or pursuant
to one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and, unless the context
otherwise requires, shall include the terms of a particular series of Debt Securities established as contemplated by Section 301.

 

The term “interest”,
when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest
payable after Maturity.

 

“Interest Payment
Date”, with respect to any Debt Security, means the Stated Maturity of an installment of interest on such Debt Security.

 

“Maturity”,
when used with respect to any Debt Security, means the date on which the principal of such Debt Security becomes due and payable
as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption, repayment
at the option of the Holder or otherwise.

 

“Officers’
Certificate” means a certificate signed by the Chairman of the Board, a Vice Chairman of the Board, the President or a Vice
President, and by the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary or an Assistant
Secretary of the Company, and delivered to the Trustee.

 

“Opinion of Counsel”
means a written opinion of counsel, who may (except as otherwise expressly provided in this Indenture) be an employee of or counsel
for the Company, or who may be other counsel, which is delivered to the Trustee.

 

    3

     

    

 

“Original Issue
Discount Security” means any Debt Security which provides for an amount less than the principal amount thereof to be due
and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502.

 

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

 

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

 

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

 

(iii) Debt
Securities in exchange for or in lieu of which other Debt Securities have been authenticated and delivered, or which have been
paid, pursuant to this Indenture;

 

provided, however, that in determining
whether the Holders of the requisite principal amount of Debt Securities Outstanding have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, Debt Securities owned by the Company or any other obligor upon the Debt Securities
or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in
determining whether the Trustee shall be protected in relying upon such request, demand, authorization, direction, notice, consent
or waiver, only Debt Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded.
Debt Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to such Debt Securities and that the pledgee is not
the Company or any other obligor upon the Debt Securities or any Affiliate of the Company or of such other obligor.

 

“Paying Agent”
means any Person authorized by the Company to pay the principal of (and premium, if any) or interest on any Debt Securities on
behalf of the Company.

 

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

 

“Place of Payment”,
when used with respect to the Debt Securities of any series means any place where the principal of (and premium, if any) and interest
on the Debt Securities of that series are payable as specified as contemplated by Section 301.

 

“Predecessor Security”
of any particular Debt Security means every previous Debt Security evidencing all or a portion of the same debt as that evidenced
by such particular Debt Security; and, for the purposes of this definition, any Debt Security authenticated and delivered under
Section 306 in lieu of a lost, destroyed or stolen Debt Security shall be deemed to evidence the same debt as the lost, destroyed
or stolen Debt Security.

 

“Redemption Date”,
when used with respect to any Debt Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture.

 

“Redemption Price”,
when used with respect to any Debt Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture.

 

“Registered Security”
means any Debt Security in the form of Registered Securities established pursuant to Section 201 which is registered in the Security
Register.

 

“Regular Record
Date” for the interest payable on any Interest Payment Date on the Registered Securities of any series means the date specified
for that purpose as contemplated by Section 301.

 

“Remarketing Entity”,
when used with respect to Debt Securities of any series which are repayable at the option of the Holders thereof before their Stated
Maturity, means any person designated by the Company to purchase any such Debt Securities.

 

“Repayment Date”,
when used with respect to any Debt Security to be repaid upon exercise of an option for repayment by the Holder, means the date
fixed for such repayment pursuant to this Indenture.

 

    4

     

    

 

“Repayment Price”,
when used with respect to any Debt Security to be repaid upon exercise of an option for repayment by the Holder, means the price
at which it is to be repaid pursuant to this Indenture.

 

“Responsible Officer”
when used with respect to the Trustee, means any vice president, any assistant vice president, any senior trust officer or assistant
trust officer, any trust officer, or any other officer associated with the corporate trust department of the Trustee customarily
performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular
corporate trust matter, any other officer to whom such matter is referred because of such person’s knowledge of and familiarity
with the particular subject.

 

“Security Register”
and “Security Registrar” have the respective meanings specified in Section 305.

 

“Special Record
Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307.

 

“Stated Maturity,”
when used with respect to any Debt Security or any installment of interest thereon, means the date specified in such Debt Security
or a coupon representing such installment of interest as the fixed date on which the principal of such Debt Security or such installment
is due and payable.

 

“Trust Indenture
Act” means the Trust Indenture Act of 1939, as amended, as in force at the date as of which this instrument was executed,
except as provided in Section 905.

 

“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 Debt Securities of any series shall mean the Trustee with respect to Debt Securities of that series.

 

“United States”
means the United States of America (including the District of Columbia) and its possessions.

 

“United States
Alien” means any Person who, for United States Federal income tax purposes, is a foreign corporation, a non-resident alien
individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one or more of the members of
which is, for United States Federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident
alien fiduciary of a foreign estate or trust.

 

“U.S. Government
Obligations” means direct obligations of the United States for the payment of which its full faith and credit is pledged,
or obligations of a person controlled or supervised by and acting as an agency or instrumentality of the United States the timely
payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States, and shall also include
a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with
respect to any such U.S. Government Obligation or a specific payment of principal of or interest on any such U.S. Government Obligation
held by such custodian for the account of the holder of such depository receipt, provided that (except as required by law)
such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any
amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal of or interest
on the U.S. Government Obligation evidenced by such depository receipt.

 

Section 102. Compliance
Certificates and Opinions.

 

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

 

    5

     

    

 

Every certificate or
opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include:

 

(1) a statement
that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating
thereto;

 

(2) 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;

 

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

 

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

 

Section 103. Form of
Documents Delivered to Trustee.

 

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

 

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

 

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

 

Section
104. Acts of Holders.

 

(a) Any request, demand,
authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may
be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an
agent duly appointed in writing. If Debt Securities of a series are issuable in whole or in part as Bearer Securities, any request,
demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders
may, alternatively, be embodied in and evidenced by the record of Holders of Debt Securities voting in favor thereof, either in
person or by proxies duly appointed in writing, at any meeting of Holders of Debt Securities duly called and held in accordance
with the provisions of Article Fourteen, or a combination of such instruments and any such record. Except as herein otherwise expressly
provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee,
and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action
embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument
or instruments and so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such
agent, or the holding by any Person of a Debt Security, shall be sufficient for any purpose of this Indenture and (subject to Section
601) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. The record of any meeting
of Holders of Debt Securities shall be proved in the manner provided in Section 1406.

 

(b) The fact and date
of the execution by any Person of any such instrument or writing may be proved in any manner which the Trustee deems sufficient.

 

(c) The ownership of
Registered Securities shall be proved by the Security Register.

 

(d) The principal
amount and serial numbers of Bearer Securities held by any Person, and the date of holding the same, may be proved by the
production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or other
depositary, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing that at the
date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer Securities in the
amount and with the serial numbers therein described; or such facts may be proved by the certificate or affidavit of the
Person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory. The
Trustee and the Company may assume that such ownership of any Bearer Security continues until (1) another certificate or
affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (2) such Bearer Security is
produced to the Trustee by some other person, or (3) such Bearer Security is surrendered in exchange for a Registered
Security, or (4) such Bearer Security is no longer Outstanding.

 

    6

     

    

 

(e) The fact and date
of execution of any such instrument or writing, the authority of the Person executing the same and the principal amount and serial
numbers of Bearer Securities held by the Person so executing such instrument or writing and the date of holding the same may also
be proved in any other manner which the Trustee deems sufficient; and the Trustee may in any instance require further proof with
respect to any of the matters referred to in this Section.

 

(f) Any request, demand,
authorization, direction, notice, consent, waiver or other Act of the Holder of any Debt Security shall bind every future holder
of the same Debt Security and the Holder of every Debt Security issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof in respect of anything done, suffered or omitted by the Trustee or the Company in reliance thereon,
whether or not notation of such action is made upon such Debt Security.

 

(g) For purposes of determining
the principal amount of Outstanding Debt Securities of any series the Holders of which are required, requested or permitted to
give any request, demand, authorization, direction, notice, consent, waiver or take any other Act under this Indenture, (i) each
Original Issue Discount Security shall be deemed to have the principal amount determined by the Trustee that could be declared
to be due and payable pursuant to the terms of such Original Issue Discount Security as of the date there is delivered to the Trustee
and, where it is hereby expressly required, to the Company, such Act by Holders of the required aggregate principal amount of the
Outstanding Debt Securities of such series and (ii) each Debt Security denominated in a Foreign Currency or composite currency
shall be deemed to have the principal amount determined by the Exchange Rate Agent by converting the principal amount of such Debt
Security in the currency in which such Debt Security is denominated into Dollars at the Exchange Rate as of the date such Act is
delivered to the Trustee and, where it is hereby expressly required, to the Company, by Holders of the required aggregate principal
amount of the Outstanding Debt Securities of such series (or, if there is no such rate on such date, such rate on the date determined
as specified as contemplated in Section 301).

 

(h) The Company may set
a record date for purposes of determining the identity of Holders of Debt Securities of any series entitled to vote or consent
to any action by vote or consent authorized or permitted by Section 512 or Section 513. Such record date shall be the later of
30 days prior to the first solicitation of such consent or the date of the most recent list of Holders of such Debt Securities
furnished to the Trustee pursuant to Section 701 prior to such solicitation.

 

Section 105. Notices,
etc., to Trustee and Company.

 

Any request, demand,
authorization, direction, notice, consent, waiver or other Act of Holders or other document provided or permitted by this Indenture
to be made upon, given or furnished to, or filed with,

 

(1) the Trustee
by any Holder or by the Company shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided), if
made, given, furnished or filed in writing (which may be via original or facsimile) to or with the Trustee at its Corporate Trust
Office and which shall be deemed delivered when actually received by a Responsible Officer of the Trustee, or

 

(2) the Company
by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if
in writing and mailed, first-class postage prepaid, to the Company addressed to the attention of its Secretary at the address of
its principal office specified in the first paragraph of this instrument or at any other address previously furnished in writing
to the Trustee by the Company.

 

The Trustee agrees
to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, facsimile transmission
or other similar unsecured electronic methods; provided, however, that (a) the party providing such electronic
instructions or directions, subsequent to the transmission thereof, shall provide the originally executed instructions or
directions to the Trustee in a timely manner and (b) such originally executed instructions or directions shall be signed by
an authorized representative of the party providing such instructions or directions. The Trustee shall not be liable for any
losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such
instructions or directions notwithstanding such instructions or directions conflict or are inconsistent with a subsequent
written instruction or direction or if the subsequent written instruction or direction is never received. The party providing
instructions or directions by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods, as
aforesaid, agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions
to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of
interception and misuse by third parties.

 

    7

     

    

 

Section 106. Notice
to Holders; Waiver.

 

Except as otherwise expressly
provided herein, where this Indenture provides for notice to Holders of any event, (1) such notice shall be sufficiently given
to Holders of Registered Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Registered Security
affected by such event, at such Holder’s address as it appears in the Security Register, not later than the latest date,
and not earlier than the earliest date, prescribed for the giving of such notice; and (2) such notice shall be sufficiently given
to Holders of Bearer Securities by publication thereof in an Authorized Newspaper in [The City of New York] and, if the Debt Securities
of such series are then listed on any stock exchange outside the United States and such stock exchange shall so require, in any
other required city outside the United States or, if not practicable, in Europe on a Business Day at least twice, the first such
publication to be not later than the latest date and not earlier than the earliest date prescribed for the giving of such notice.

 

In case, by reason of
the suspension of or irregularities in regular mail service or for any other reason, it shall be impossible or impracticable to
mail notice of any event to Holders of Registered Securities when said notice is required to be given pursuant to any provision
of this Indenture or of the Debt Securities, then any manner of giving such notice as shall be satisfactory to the Trustee shall
be deemed to be a sufficient giving of such notice. In any case where notice to Holders of Registered Securities is to be given
by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Registered
Security shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or the sufficiency
of any notice by publication to Holders of Bearer Securities given as provided above.

 

In case, by reason of
the suspension of publication of any Authorized Newspaper, or by reason of any other cause, it shall be impossible or impracticable
to make publication of any notice to Holders of Bearer Securities as provided above, then such method of publication or notification
as shall be made with the approval of the Trustee shall constitute a sufficient publication of such notice. Neither failure to
give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any notice so published, shall
affect the sufficiency of any notice mailed to Holders of Registered Securities as provided above.

 

Where this Indenture
provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.

 

Any request, demand,
authorization, direction, notice, consent, election, waiver or other Act required or permitted under this Indenture shall be in
the English language, except that any published notice may be in an official language of the country of publication.

 

Section 107. Conflict
with Trust Indenture Act.

 

If any provision hereof
limits, qualifies or conflicts with another provision hereof which is required to be included in this Indenture by any of the provisions
of the Trust Indenture Act, such required provision shall control.

 

Section 108. Effect
of Headings and Table of Contents.

 

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

 

Section 109. Successors
and Assigns.

 

All covenants and agreements
in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not.

 

    8

     

    

 

Section 110. Separability
Clause.

 

In case any provision
in this Indenture or in the Debt Securities or any coupons 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 111. Benefits
of Indenture.

 

Nothing in this Indenture
or in the Debt Securities or any coupons, express or implied, shall give to any Person, other than the parties hereto and their
successors hereunder, any Paying Agent and the Holders, any benefit or any legal or equitable right, remedy or claim under this
Indenture.

 

Section 112. Governing
Law.

 

This Indenture and the
Debt Securities and any coupons shall be governed by and construed in accordance with the laws of the State of New York.

 

Section 113. Legal
Holidays.

 

In any case where any
Interest Payment Date, Redemption Date, Repayment Date or Stated Maturity of any Debt Security shall not be a Business Day at any
Place of Payment, then (notwithstanding any other provision of this Indenture or of the Debt Securities or coupons) payment of
interest or principal (and premium, if any) need not be made at such Place of Payment on such date, but may be made on the next
succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date, Redemption
Date, Repayment Date or at the Stated Maturity, and no interest shall accrue on the amount so payable for the period from and after
such Interest Payment Date, Redemption Date, Repayment Date or Stated Maturity, as the case may be.

 

Section 114. Counterparts.

 

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

 

Section 115. Exemption
from Individual Liability.

 

No recourse under or
upon any obligation, covenant or agreement of this Indenture, or of any Debt Security or any coupon, or for any claim based thereon
or otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, as such, past, present
or future, of the Company or of any successor corporation, either directly or through the Company, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this
Indenture and the obligations issued hereunder are solely corporate obligations of the Company, and that no such personal liability
whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors, as such, of the
Company or any successor corporation, or any of them, because of the creation of the indebtedness hereby authorized, or under or
by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Debt Securities or any coupon
or implied therefrom; and that any and all such personal liability, either at common law or in equity or by constitution or statute,
of, and any and all such rights and claims against, every such incorporator, stockholder, officer or director, as such, because
of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained
in this Indenture or in any of the Debt Securities or any coupon or implied, therefrom are hereby expressly waived and released
as a condition of and as a consideration for, the execution of this Indenture and the issue of such Debt Securities.

 

    9

     

    

 

ARTICLE TWO

Debt Security Forms

 

Section 201. Forms Generally.

 

The Registered Securities,
if any, and the Bearer Securities and related coupons, if any, of each series shall be in substantially the form (including temporary
or permanent global form) as shall be established in or pursuant to a Board Resolution or in one or more indentures supplemental
hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted
by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed
thereon, as may be required to comply with the rules of any securities exchange, or as may, consistently herewith, be determined
by the officers executing such Debt Securities or coupons, as evidenced by their signatures on the Debt Securities or coupons.

 

If the form of Debt Securities of any series
or coupons (including any such Global Security) is established by action taken pursuant to a Board Resolution, a copy of an appropriate
record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee
at or prior to the delivery of the Company Order contemplated by Section 303 for the authentication and delivery of such Debt Securities
or coupons.

 

Unless otherwise specified
as contemplated by Section 301, Debt Securities in bearer form other than Debt Securities in temporary or permanent global form
shall have coupons attached.

 

The definitive Debt Securities
and coupons, if any, shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner,
all as determined by the officers executing such Debt Securities, as evidenced by the execution of such Debt Securities and coupons.

 

Section 202. Form of
Trustee’s Certificate of Authentication.

 

This is one of the Debt
Securities, of the series designated herein, described in the within-mentioned Indenture.

 

	 	[____________________],
	 	as Trustee
	 	 
	 	By	 
	 	 	Authorized Signatory
	 	 
	 	Dated	 

  

Section 203. Debt Securities
in Global Form.

 

If Debt Securities of
a series are issuable in whole or in part in global form, as specified as contemplated by Section 301, then, notwithstanding clause
(10) of Section 301 and the provisions of Section 302, such Global Security shall represent such of the outstanding Debt Securities
of such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Debt Securities
from time to time endorsed thereon and that the aggregate amount of Outstanding Debt Securities represented thereby may from time
to time be reduced to reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any increase or decrease
in the amount, of Outstanding Debt Securities represented thereby shall be made in such manner and upon instructions given by such
Person or Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 303
or Section 304.

 

The provisions of the
last sentence of Section 303(g) shall apply to any Debt Securities represented by a Debt Security in global form if such Debt Security
was never issued and sold by the Company and the Company delivers to the Trustee the Debt Security in global form together with
written instructions (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) with respect
to the reduction in the principal amount of Debt Securities represented thereby, together with the written statement contemplated
by the last sentence of Section 303(g).

 

Global Securities may
be issued in either registered or bearer form and in either temporary or permanent form.

 

    10

     

    

 

ARTICLE THREE

The Debt Securities

 

Section 301. Amount
Unlimited; Issuance in Series.

 

The aggregate principal
amount of Debt Securities which may be authenticated and delivered under this Indenture is unlimited.

 

The Debt Securities may
be issued in one or more series. There shall be established in or pursuant to a Board Resolution, and set forth in an Officers’
Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Debt Securities of any series:

 

(1) the title
of the Debt Securities of the series;

 

(2) the limit,
if any, upon the aggregate principal amount of the Debt Securities of the series which may be authenticated and delivered under
this Indenture (except for Debt Securities authenticated and delivered upon registration of transfer of, or in exchange for, or
in lieu of, other Debt Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or 1303 and except for any Debt Securities
which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder);

 

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

 

(4) the rate
or rates, if any, at which the Debt Securities of the series shall bear interest, or the method or methods by which such rate or
rates may be determined, the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest
shall be payable, the Regular Record Date for the interest payable on any Registered Security on any Interest Payment Date and
the circumstances, if any, in which the Company may defer interest payments;

 

(5) the place
or places where, subject to the provisions of Section 1002, the principal of (and premium, if any) and interest on Debt Securities
of the series shall be payable, any Registered Securities of the series may be surrendered for registration of transfer, Debt Securities
of the series may be surrendered for exchange and notices and demands to or upon the Company in respect of the Debt Securities
of the series and this Indenture may be served and where notices to Holders pursuant to Section 106 will be published;

 

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

 

(7) the obligation,
if any, of the Company to redeem, repay or purchase Debt 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 Debt Securities of the series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation;

 

(8) whether
Debt Securities of the series are to be issuable as Registered Securities, Bearer Securities or both, whether Debt Securities of
the series are to be issuable with or without coupons or both and, in the case of Bearer Securities, the date as of which such
Bearer Securities shall be dated if other than the date of original issuance of the first Debt Security of such series of like
tenor and term to be issued;

 

(9) whether
the Debt Securities of the series shall be issued in whole or in part in the form of a Global Security or Securities and, in such
case, the Depositary for such Global Security or Securities, whether such global form shall be permanent or temporary and, if applicable,
the Global Exchange Date and Global Exchange Agent;

 

(10) if Debt
Securities of the series are to be issuable initially in the form of a temporary Global Security, the circumstances under which
the temporary Global Security can be exchanged for definitive Debt Securities and whether the definitive Debt Securities will be
Registered and/or Bearer Securities and will be in global form and whether interest in respect of any portion of such Global Security
payable in respect of an Interest Payment Date prior to the Global Exchange Date shall be paid to any clearing organization with
respect to a portion of such Global Security held for its account and, in such event, the terms and conditions (including any certification
requirements) upon which any such interest payment received by a clearing organization will be credited to the Persons entitled
to interest payable on such Interest Payment Date if other than as provided in this Article Three;

 

    11

     

    

 

(11) whether,
and under what conditions, additional amounts will be payable to Holders of Debt Securities of the series pursuant to Section 1004;

 

(12) the denominations
in which any Registered Securities of the series shall be issuable, if other than denominations of $1,000 and any integral multiple
thereof, and the denominations in which any Bearer Securities of such series shall be issuable, if other than the denomination
of $5,000;

 

(13) if other
than the principal amount thereof, the portion of the principal amount of Debt Securities of the series which shall be payable
upon declaration of acceleration of the Maturity thereof pursuant to Section 502;

 

(14) the currency
or currencies of denomination of the Debt Securities of any series, which may be in Dollars, any Foreign Currency or any composite
currency, including but not limited to the Euro, and, if any such currency of denomination is a composite currency other than the
Euro, the agency or organization, if any, responsible for overseeing such composite currency;

 

(15) the currency
or currencies in which payment of the principal of (and premium, if any) and interest on the Debt Securities will be made, the
currency or currencies, if any, in which payment of the principal of (and premium, if any) or the interest on Registered Securities,
at the election of each of the Holders thereof, may also be payable and the periods within which and the terms and conditions upon
which such election is to be made, and the Exchange Rate and the person who shall be the Exchange Rate Agent for the Debt Securities
of such series;

 

(16) if payments
of principal of (and premium, if any) or interest on the Debt Securities of the series are to be made in a Foreign Currency other
than the currency in which such Debt Securities are denominated, the manner in which the Exchange Rate with respect to such payments
shall be determined;

 

(17) any Events
of Default with respect to Debt Securities of such series, if not set forth herein;

 

(18) any other
covenant or warranty included for the benefit of the Debt Securities of the series in addition to (and not inconsistent with) those
set forth herein for the benefit of Debt Securities of all series, or any other covenant or warranty included for the benefit of
Debt Securities of the series in lieu of any covenant or warranty set forth herein for the benefit of Debt Securities of all series,
or any provision that any covenant or warranty set forth herein for the benefit of Debt Securities of all series shall not be for
the benefit of Debt Securities of such series, or any combination of such covenants, warranties or provisions and whether the provisions
of Section 1006 will not apply such covenants and warranties;

 

(19) the terms
and conditions, if any, pursuant to which the Company’s obligations under this Indenture may be terminated through the deposit
of money or Eligible Instruments as provided in Articles Four and Fifteen;

 

(20) the Person
or Persons who shall be Security Registrar for the Debt Securities of such series if other than the Trustee, and the place or places
where the Security Register for such series shall be maintained and the Person or Persons who will be the initial Paying Agent
or Agents, if other than the Trustee; and

 

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

 

All Debt Securities of
any one series and the coupons appertaining to Bearer Securities of such series, if any, shall be substantially identical except,
in the case of Registered Securities, as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution
and set forth in such Officers’ Certificate or in any such indenture supplemental hereto.

 

Debt Securities of any
particular series may be issued at various times, with different dates on which the principal or any installment of principal is
payable, with different rates of interest, if any, or different methods by which rates of interest may be determined, with different
dates on which such interest may be payable and with different Redemption or Repayment Dates and may be denominated in different
currencies or payable in different currencies.

 

If any of the terms of
a series of Debt Securities are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of
such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior
to the delivery of the Officers’ Certificate setting forth the terms of the series.

 

    12

     

    

 

Section 302. Denominations.

 

Debt Securities of each
series shall be issuable in such form and denominations as shall be specified in the form of Debt Security for such series approved
or established pursuant to Section 201 or in the Officers’ Certificate delivered pursuant to Section 301. In the absence
of any specification with respect to the Debt Securities of any series, the Registered Securities of such series, if any, shall
be issuable in denominations of $1,000 and any integral multiple thereof and the Bearer Securities of such series, if any, shall
be issuable in denominations of $5,000.

 

Section 303. Execution,
Authentication, Delivery and Dating.

 

(a) The Debt Securities
shall be executed on behalf of the Company by its Chairman of the Board, a Vice Chairman of the Board, the President or a Vice
President, and by its Treasurer or one of its Assistant Treasurers or its Secretary or one of its Assistant Secretaries under its
corporate seal reproduced thereon. The signature of any of these officers on the Debt Securities may be manual or facsimile. Coupons
shall bear the facsimile signature of an authorized officer of the Company.

 

Debt Securities and coupons
bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the
Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and
delivery of such Debt Securities or coupons of any series or did not hold such offices at the date of such Debt Securities or coupons.

 

(b) At any time and from
time to time after the execution and delivery of this Indenture, Debt Securities of any series may be executed by the Company and
delivered to the Trustee for authentication, and, except as otherwise provided in this Article Three, shall thereupon be authenticated
and delivered by the Trustee upon Company Order, without any further action by the Company; provided, however, that, in
connection with its original issuance, a Bearer Security may be delivered only outside the United States and, except in the case
of a temporary Global Security, only if the Company or its agent shall have received the certification required pursuant to Sections
304(b)(iii) and (iv), unless such certification shall have been provided earlier pursuant to section 304(b)(v) hereof, and only
if the Company has no reason to know that such certification is false.

 

To the extent authorized
in or pursuant to a Board Resolution and set forth in an Officers’ Certificate, or established in one or more indentures
supplemental hereto, such written Company Order may be given by any one officer or employee of the Company, may be electronically
transmitted, and may provide instructions as to registration of holders, principal amounts, rates of interest, maturity dates and
other matters contemplated by such Board Resolution and Officers’ Certificate or supplemental indenture to be so instructed
in respect thereof. Before authorizing and delivering the first Debt Securities of any series (and upon request of the Trustee
thereafter), the Company shall deliver to the Trustee (i) the certificates called for under Sections 201 and 301 hereof and (ii)
an Opinion of Counsel described in the next sentence.

 

In authenticating such
Debt Securities, and accepting the additional responsibilities under this Indenture in relation to any such Debt Securities, the
Trustee shall be entitled to receive, prior to the initial authentication of such Debt Securities, and (subject to Section 601)
shall be fully protected in relying upon:

 

(i) a Board
Resolution relating thereto and, if applicable, an appropriate record of any action taken pursuant to such resolution certified
by the Secretary or an Assistant Secretary of the Company;

 

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

 

(iii) an
Officers’ Certificate setting forth the form and terms of the Debt Securities of such series and coupons, if any, pursuant
to Sections 201 and 301 and stating that all conditions precedent provided for in this Indenture relating to the issuance of such
Debt Securities have been complied with; and

 

(iv) an Opinion
of Counsel stating

 

(A) that the
form of such Debt Securities and coupons, if any, has been established in or pursuant to a Board Resolution or by a supplemental
indenture as permitted by Section 201 in conformity with the provisions of this Indenture;

 

(B) that the
terms of such Debt Securities and coupons, if any, have been established in or pursuant to a Board Resolution or by a supplemental
indenture as permitted by Section 301 in conformity with the provisions of this Indenture; and

 

    13

     

    

 

(C) that such
Debt Securities and coupons, if any, when authenticated and delivered by the Trustee and issued by the Company in the manner and
subject to any conditions specified in such Opinion of Counsel, will constitute legal, valid and binding obligations of the Company,
enforceable in accordance with their terms, subject, as to enforcement of remedies, to applicable bankruptcy, reorganization, insolvency,
moratorium or other laws affecting creditors’ rights generally and the application of general principles of equity and except
further as enforcement thereof may be limited by (i) requirements that a claim with respect to any Debt Securities denominated
other than in Dollars (or a Foreign Currency or currency unit judgment in respect of such claim) be converted into Dollars at a
rate of exchange prevailing on a date determined pursuant to applicable law or (ii) governmental authority to limit, delay or prohibit
the making of payments in Foreign Currencies or currency units or payments outside the United States.

 

(c) If the Company shall
establish pursuant to Section 301 that the Debt Securities of a series are to be issued in whole or in part in the form of one
or more Global Securities, then the Company shall execute and the Trustee shall, in accordance with this Section and the Company
Order with respect to such series, authenticate and deliver one or more Global Securities in permanent or temporary form that (i)
shall represent and shall be denominated in an aggregate amount equal to the aggregate principal amount of the Outstanding Debt
Securities of such series to be represented by one or more Global Securities, (ii) shall be registered in the name of the Depositary
for such Global Security or Securities or the nominee of such Depositary and (iii) shall be delivered by the Trustee to such Depositary
or pursuant to such Depositary’s instructions.

 

(d) The Trustee shall
have the right to decline to authenticate and deliver any Debt Securities under this Section 303 if the issuance of such Debt Securities
will adversely affect the Trustee’s own rights, duties or immunities under the Debt Securities and this Indenture or otherwise
in a manner which is not reasonably acceptable to the Trustee.

 

(e) If all the Debt Securities
of any series are not to be issued at one time, it shall not be necessary to deliver an Opinion of Counsel at the time of issuance
of each Debt Security, but such Opinion of Counsel, with appropriate modifications, may instead be delivered at or prior to the
time of the first issuance of Debt Securities of such series.

 

(f) Each Registered Security
shall be dated the date of its authentication. Each Bearer Security shall be dated as of the date specified as contemplated by
Section 301.

 

(g) No Debt Security
or coupon attached thereto shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless
there appears on such Debt Security a certificate of authentication substantially in the form provided for herein executed by the
Trustee, and such certificate upon any Debt Security shall be conclusive evidence, and the only evidence, that such Debt Security
has been duly authenticated and delivered hereunder. Except as permitted by Section 306, the Trustee shall not authenticate and
deliver any Bearer Security unless all related coupons for interest then matured have been detached and cancelled. Notwithstanding
the foregoing, if any Debt Security or portion thereof shall have been duly authenticated and delivered hereunder but never issued
and sold by the Company, and the Company shall deliver such Debt Security to the Trustee for cancellation as provided in Section
309 together with a written statement (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel)
stating that such Debt Security or portion thereof has never been issued and sold by the Company, for all purposes of this Indenture
such Debt Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the
benefits of this Indenture.

 

(h) Each Depositary designated
pursuant to Section 301 for a Global Security in registered form must, at the time of its designation and at all times while it
serves as Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute or regulation.

 

Section 304. Temporary
Debt Securities.

 

(a) Pending the preparation
of definitive Debt Securities of any series, the Company may execute, and upon receipt of documents required by Sections 301 and
303, together with a Company Order, the Trustee shall authenticate and deliver, temporary Debt Securities which are printed, lithographed,
typewritten, mimeographed or otherwise produced, in any denomination, substantially of the tenor and terms of the definitive Debt
Securities in lieu of which they are issued in registered form or, if authorized, in bearer form with one or more coupons or without
coupons, and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Debt
Securities may determine, as evidenced by their signatures on such Debt Securities. In the case of Debt

 

Securities of any series issuable as Bearer
Securities, such temporary Debt Securities may be in global form, representing all or any part of the Outstanding Debt Securities
of such series.

 

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(b) Unless otherwise
provided pursuant to Section 301:

 

(i) Except
in the case of temporary Debt Securities in global form, if temporary Debt Securities of any series are issued, the Company will
cause definitive Debt Securities of such series to be prepared without unreasonable delay. After the preparation of definitive
Debt Securities of such series, the related temporary Debt Securities shall be exchangeable for such definitive Debt Securities
upon surrender of the temporary Debt Securities of such series at the office or agency of the Company in the Place of Payment for
such series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Debt Securities of any
series (accompanied, if applicable, by all unmatured coupons and all matured coupons in default appertaining thereto), the Company
shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Debt Securities
of the same series of like tenor and terms and of authorized denominations; provided, however, that no Bearer Security shall
be delivered in exchange for a Registered Security; and provided, further, that a Bearer Security shall be delivered in
exchange for a Bearer Security only in compliance with the conditions set forth in Section 305.

 

(ii) If Debt
Securities of any series are issued in temporary global form, any such temporary Global Security shall, unless otherwise provided
pursuant to Section 301, be delivered to the Depositary for the benefit of Euroclear and Clearstream, for credit to the respective
accounts of the beneficial owners of such Debt Securities (or to such other accounts as they may direct).

 

(iii) Without
unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms of, any such temporary
Global Security (the “Global Exchange Date”), the Company shall deliver definitive Debt Securities to the Trustee or
the agent appointed by the Company pursuant to Section 301 to effect the exchange of the temporary Global Security for definitive
Debt Securities (the “Global Exchange Agent”), in an aggregate principal amount equal to the principal amount of such
temporary Global Security, executed by the Company. On or after the Global Exchange Date, such temporary Global Security shall
be surrendered by the Depositary to the Global Exchange Agent, to be exchanged, in whole or from time to time in part, for definitive
Debt Securities without charge and the Trustee or the Global Exchange Agent, if authorized by the Trustee pursuant to Section 614,
shall authenticate and deliver, in exchange for each portion of such temporary Global Security, an equal aggregate principal amount
of definitive Debt Securities of the same series of authorized denominations and of like tenor and terms as the portion of such
temporary Global Security to be exchanged. Upon any exchange of a part of such temporary Global Security for definitive Debt Securities,
the portion of the principal amount and any interest thereon so exchanged shall be endorsed by the Global Exchange Agent on a schedule
to such temporary Global Security, whereupon the principal amount and interest payable with respect to such temporary Global Security
shall be reduced for all purposes by the amount so exchanged and endorsed. The definitive Debt Securities to be delivered in exchange
for any such temporary Global Security shall be in bearer form, registered form, global registered form or global bearer form,
or any combination thereof, as specified as contemplated by Section 301, and, if any combination thereof is so specified, as requested
by the beneficial owner thereof; provided, however, that, in the case of the exchange of the temporary Global Security for
definitive Bearer Securities (including a definitive Global Bearer Security), upon such presentation by the Depositary, such temporary
Global Security shall be accompanied by a certificate signed by Euroclear as to the portion of such temporary Global Security held
for its account then to be exchanged and a certificate signed by Clearstream as to the portion of such temporary Global Security
held for its account then to be exchanged, each in the form set forth in Exhibit B to this Indenture, unless such certificate(s)
shall have been provided earlier pursuant to section 304(b)(v) hereof; and provided, further, that definitive Bearer Securities
(including a definitive Global Bearer Security) shall be delivered in exchange for a portion of a temporary Global Security only
in compliance with the requirements of Section 303.

 

(iv)
The interest of a beneficial owner of Debt Securities of a series in a temporary Global Security shall be exchanged for
definitive Debt Securities of the same series and of like tenor and terms following the Global Exchange Date when the account
holder instructs Euroclear or Clearstream, as the case may be, to request such exchange on such account holder’s behalf
and, in the case of the exchange of the temporary Global Security for definitive Bearer Securities (including a definitive
Global Bearer Security), unless such certificate(s) shall have been provided earlier pursuant to Section 304(b)(v) hereof,
the account holder delivers to Euroclear or Clearstream, as the case may be, a certificate in the form set forth in Exhibit
A-1 and, if applicable, A-2 to this Indenture, dated no earlier than 15 days prior to the Global Exchange Date, copies of
which certificate shall be available from the offices of Euroclear and Clearstream, the Global Exchange Agent, any
authenticating agent appointed for such series of Debt Securities and each Paying Agent. Unless otherwise specified in such
temporary Global Security, any such exchange shall be made free of charge to the beneficial owners of such temporary Global
Security, except that a Person receiving definitive Debt Securities must bear the cost of insurance, postage, transportation
and the like in the event that such Person does not take delivery of such definitive Debt Securities in person at the offices
of Euroclear and Clearstream. Definitive Debt Securities in bearer form to be delivered in exchange for any portion of a
temporary Global Security shall be delivered only outside the United States.

 

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(v) Until
exchanged in full as hereinabove provided, the temporary Debt Securities of any series shall in all respects be entitled to the
same benefits under this Indenture as definitive Debt Securities of the same series and of like tenor and terms authenticated and
delivered hereunder, except that interest payable on a temporary Global Security on an Interest Payment Date shall be payable to
Euroclear and Clearstream on such Interest Payment Date only if there has been delivered by Euroclear and Clearstream to the Global
Exchange Agent a certificate or certificates in the form set forth in Exhibit B to this Indenture dated no earlier than the first
Interest Payment Date, for credit without further interest on or after such Interest Payment Date to the respective accounts of
the Persons who are the beneficial owners of such temporary Global Security on such Interest Payment Date and who have each delivered
to Euroclear or Clearstream, as the case may be, a certificate in the form set forth in Exhibit A-1 and, if applicable, A-2 to
this Indenture dated no earlier than the first Interest Payment Date. Any interest so received by Euroclear and Clearstream and
not paid as herein provided prior to the Global Exchange Date shall be returned to the Global Exchange Agent which, upon expiration
of two years after such Interest Payment Date, shall repay such interest to the Company in accordance with Section 1003.

 

Section 305. Registration;
Registration of Transfer and Exchange.

 

The Company shall cause
to be kept at one of the offices or agencies to be maintained by the Company in accordance with the provisions of this Section
305 and Section 1002, with respect to the Debt Securities of each series which are Registered Securities, a register (herein sometimes
referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company
shall provide for the registration of Registered Securities and of transfers of Registered Securities. Pursuant to Section 301,
the Company shall appoint, with respect to Debt Securities of each series which are Registered Securities, a “Security Registrar”
for the purpose of registering such Debt Securities and transfers and exchanges of such Debt Securities as herein provided.

 

Upon surrender for registration
of transfer of any Registered Security of any series at the office or agency of the Company maintained for such purpose, the Company
shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or
more new Registered Securities of the same series of any authorized denomination or denominations, of like tenor and terms and
aggregate principal amount.

 

At the option of the
Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series of any authorized
form and denomination, of like tenor and terms and aggregate principal amount, upon surrender of the Registered Securities to be
exchanged at such office or agency. Bearer Securities may not be delivered in exchange for Registered Securities.

 

At the option of
the Holder, Registered Securities or Bearer Securities of any series may be issued in exchange for Bearer Securities (except
as otherwise specified as contemplated by Section 301 with respect to a Bearer Security in global form) of the same series,
of any authorized denominations and of like tenor and terms and aggregate principal amount, upon surrender of the Bearer
Securities to be exchanged at any such office or agency, with all unmatured coupons and all matured coupons in default
thereto appertaining. If the Holder of a Bearer Security is unable to produce any such unmatured coupon or coupons or matured
coupon or coupons in default, such exchange may be effected if the Bearer Securities are accompanied by payment in funds
acceptable to the Company and the Trustee in an amount equal to the face amount of such missing coupon or coupons, or the
surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such
security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of
such Security shall surrender to any Paying Agent any such missing coupon in respect of which such a payment shall have been
made, such Holder shall be entitled to receive the amount of such payment; provided, however, that, except as
otherwise provided in Section 1002, interest represented by coupons shall be payable only upon presentation and surrender of
those coupons at an office or agency located outside the United States. Notwithstanding the foregoing, in case a Bearer
Security of any series is surrendered at any such office or agency in exchange for a Registered Security of the same series
and like tenor and terms after the close of business at such office or agency on (i) any Regular Record Date and before the
opening of business at such office or agency on the relevant Interest Payment Date, or (ii) any Special Record Date and
before the opening of business at such office or agency on the related date for payment of Defaulted Interest, such Bearer
Security shall be surrendered without the coupon relating to such Interest Payment Date or proposed date of payment, as the
case may be.

 

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Whenever any Debt Securities
are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Debt Securities
which the Holder making the exchange is entitled to receive.

 

If at any time the Depositary
for the Debt Securities of a series notifies the Company that it is unwilling or unable to continue as Depositary for the Debt
Securities of such series or if at any time the Depositary for the Debt Securities of such series shall no longer be eligible under
Section 303(h), the Company shall appoint a successor Depositary with respect to the Debt Securities of such series. If a successor
Depositary for the Debt Securities of such series is not appointed by the Company within 90 days after the Company receives such
notice or becomes aware of such ineligibility, the Company’s election pursuant to Section 301(9) shall no longer be effective
with respect to the Debt Securities of such series and the Company will execute, and the Trustee, upon receipt of a Company Order
for the authentication and delivery of definitive Debt Securities of such series, will authenticate and deliver, Debt Securities
of such series in definitive form in an aggregate principal amount equal to the principal amount of the Global Security or Securities
representing such series in exchange for such Global Security or Securities.

 

The Company may at any
time and in its sole discretion determine that the Debt Securities of any series issued in the form of one or more Global Securities
shall no longer be represented by such Global Security or Securities. In such event the Company will execute, and the Trustee,
upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities of such series, will authenticate
and deliver, Debt Securities of such series in definitive form and in an aggregate principal amount equal to the principal amount
of the Global Security or Securities representing such series in exchange for such Global Security or Securities.

 

If specified by the Company
pursuant to Section 301 with respect to a series of Debt Securities, the Depositary for such series of Debt Securities may surrender
a Global Security for such series of Debt Securities in exchange in whole or in part for Debt Securities of such series of like
tenor and terms and in definitive form on such terms as are acceptable to the Company and such Depositary. Thereupon, the Company
shall execute, and the Trustee shall authenticate and deliver, without charge to any Holder,

 

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

 

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

 

In any exchange provided
for in any of the preceding three paragraphs, the Company will execute and the Trustee will authenticate and deliver Debt Securities
(a) in definitive registered form in authorized denominations, if the Debt Securities of such series are issuable as Registered
Securities, (b) in definitive bearer form in authorized denominations, with coupons attached, if the Debt Securities of such series
are issuable as Bearer Securities or (c) as either Registered or Bearer Securities, as shall be specified by the beneficial owner
thereof, if the Debt Securities of such series are issuable in either form; provided, however, that no definitive Bearer
Security shall be delivered in exchange for a temporary Global Security unless the Company or its agent shall have received from
the person entitled to receive the definitive Bearer Security a certificate substantially in the form set forth in Exhibit A-1
and, if applicable, A-2 hereto; and provided further that delivery of a Bearer Security shall occur only outside the United
States; and provided further that no definitive Bearer Security will be issued if the Company has reason to know that any
such certificate is false.

 

Upon the exchange
of a Global Security for Debt Securities in definitive form, such Global Security shall be cancelled by the Trustee.
Registered Securities issued in exchange for a Global Security pursuant to this Section shall be registered in such names and
in such authorized denominations as the Depositary for such Global Security, pursuant to instructions from its direct or
indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Registered Securities to the
persons in whose names such Debt Securities are so registered. The Trustee shall deliver Bearer Securities issued in exchange
for a Global Security pursuant to this Section to the persons, and in such authorized denominations, as the Depositary for
such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the
Trustee; provided, however, that no definitive Bearer Security shall be delivered in exchange for a temporary Global
Security unless the Company or its agent shall have received from the person entitled to receive the definitive Bearer
Security a certificate substantially in the form set forth in Exhibit A-1 and, if applicable, A-2 hereto; and provided
further that delivery of a Bearer Security shall occur only outside the United States; and provided further that
no definitive Bearer Security will be issued if the Company has reason to know that any such certificate is false.

 

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

 

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

 

No charge to any Holder
shall be made for any registration of transfer or exchange of Debt Securities, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection with any transfer, registration of transfer or
exchange of Debt Securities, other than exchanges expressly provided in this Indenture to be made at the Company’s own expense
or without expense or without charge to the Holders.

 

The Company shall not
be required (i) to issue, register the transfer of or exchange Debt Securities of any particular series to be redeemed for a period
of fifteen days preceding the first publication of the relevant notice of redemption or, if Registered Securities are outstanding
and there is no publication, the mailing of the relevant notice of redemption of Debt Securities of such series selected for redemption
under Section 1103 and ending at the close of business on the day of such mailing, or (ii) to register the transfer of or exchange
any Registered Security so selected for redemption in whole or in part, except the unredeemed portion of such Registered Security
being redeemed in part, or (iii) to exchange any Bearer Security so selected for redemption except that such a Bearer Security
may be exchanged for a Registered Security of like tenor and terms of that series, provided that such Registered Security
shall be simultaneously surrendered for redemption.

 

Notwithstanding anything
herein to the contrary, the exchange of Bearer Securities into Registered Securities shall be subject to applicable laws and regulations
in effect at the time of exchange; neither the Company, the Trustee nor the Security Registrar shall exchange any Bearer Securities
into Registered Securities if it has received an Opinion of Counsel that as a result of such exchanges the Company would suffer
adverse consequences under the United States Federal income tax laws and regulations then in effect and the Company has delivered
to the Trustee a Company Order directing the Trustee not to make such exchanges thereafter unless and until the Trustee receives
a subsequent Company Order to the contrary. The Company shall deliver copies of such Company Orders to the Security Registrar.

 

Section 306. Mutilated,
Destroyed, Lost and Stolen Debt Securities.

 

If (i) any mutilated
Debt Security or a Bearer Security with a mutilated coupon appertaining to it is surrendered to a Paying Agent outside the United
States designated by the Company, or, in the case of any Registered Security, to the Trustee, or (ii) the Company and the Trustee
receive evidence to their satisfaction of the destruction, loss or theft of any Debt Security or coupon, and there is delivered
to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the
absence of notice to the Company and the Trustee that such Debt Security or coupon has been acquired by a bona fide purchaser,
the Company shall execute and upon its written request the Trustee shall authenticate and deliver, in exchange for any such mutilated
Debt Security or Bearer Security with a mutilated coupon appertaining to it or to which a destroyed, lost or stolen coupon appertains
(with all related coupons not destroyed, lost or stolen) or in lieu of any such destroyed, lost or stolen Debt Security, a new
Debt Security of like tenor and terms and principal amount, bearing a number not contemporaneously outstanding, with coupons corresponding
to the coupons, if any, appertaining to such destroyed, lost or stolen Debt Security or to the Debt Security to which such destroyed,
lost or stolen coupon appertains; provided, however, that any such new Bearer Security will be delivered only in compliance
with the conditions set forth in Section 305.

 

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In case any such mutilated,
destroyed, lost or stolen Debt Security or coupon has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Debt Security, pay such Debt Security or coupon; provided, however, that payment of principal
of (and premium, if any) and any interest on Bearer Securities shall, except as otherwise provided in Section 1002, be payable
only at an office or agency located outside the United States; and provided, further, that, with respect to any such coupons,
interest represented thereby (but not any additional amounts payable as provided in Section 1004), shall be payable only upon presentation
and surrender of the coupons appertaining thereto.

 

Upon the issuance of
any new Debt Security or coupons 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 and printing expenses) connected therewith.

 

Every new Debt Security
of any series, with its coupons, if any, issued pursuant to this Section in lieu of any destroyed, lost or stolen Debt Security,
or in exchange for a Bearer Security to which a destroyed, lost or stolen coupon appertains, shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or stolen Debt Security and its coupons, if any, or the
destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and any such new Debt Security and coupons, if any,
shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Debt Securities of that
series and their coupons, if any, 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 Debt Securities or coupons.

 

Section 307. Payment
of Interest; Interest Rights Preserved.

 

Interest on any Registered
Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person
in whose name that Registered Security (or one or more Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of
such series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date
and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security
shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest
Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the
Holder of such coupon when due in accordance with the provisions of this Indenture. At the option of the Company, payment of interest
on any Registered Security may be made by check in the currency designated for such payment pursuant to the terms of such Registered
Security mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire
transfer to an account in such currency designated by such Person in writing not later than ten days prior to the date of such
payment.

 

Any interest on any Registered
Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein
called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record
Date by virtue of his having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each
case, as provided in Clause (1) or (2) below:

 

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(1) The
Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Registered Securities of such
series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the
payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in
writing of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of
the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money and/or, to the
extent such Debt Securities are denominated and payable in Dollars only, Eligible Instruments the payments of principal and
interest on which when due (and without reinvestment and providing no tax liability will be imposed upon the Trustee or the
Holder of such Registered Securities) will provide money in such amounts as will (together with any money irrevocably
deposited in trust with the Trustee, without investment) be equal to the aggregate amount proposed to be paid in respect of
such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the
proposed payment, such money and/or Eligible Instruments when deposited to be held in trust for the benefit of the Persons
entitled to such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the
payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the
proposed payment and not less than 10 days after the receipt by the Trustee of the written notice of the proposed payment.
The Trustee shall promptly notify the Company of such Special Record Date. Unless the Trustee is acting as the Security
Registrar, promptly after such Special Record Date, the Company shall furnish the Trustee with a list, or shall make
arrangements satisfactory to the Trustee with respect thereto, of the names and addresses of, and principal amounts of
Registered Securities of such series held by, the Holders appearing on the Security Register at the close of business on such
Special Record Date. In the name and at the expense of the Company, the Trustee shall cause notice of the proposed payment of
such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of
Registered Securities of such series at his address as it appears in the Security Register, not less than 10 days prior to
such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor
having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names the Registered
Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such
Special Record Date and shall no longer be payable pursuant to the following Clause (2). In case a Bearer Security of any
series is surrendered at the office or agency in a Place of Payment for such series in exchange for a Registered Security of
such series after the close of business at such office or agency on any Special Record Date and before the opening of
business at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall
be surrendered without the coupon relating to such proposed date of payment and Defaulted Interest will not be payable on
such proposed date of payment in respect of the Registered Security issued in exchange for such Bearer Security, but will be
payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture.

 

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

 

Subject to the foregoing
provisions of this Section, each Debt Security delivered under this Indenture upon registration of transfer of or in exchange for
or in lieu of any other Debt Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried
by such other Debt Security.

 

Subject to the limitations
set forth in Section 1002, the Holder of any coupon appertaining to a Bearer Security shall be entitled to receive the interest
payable on such coupon upon presentation and surrender of such coupon on or after the Interest Payment Date of such coupon at an
office or agency maintained for such purpose pursuant to Section 1002.

 

Section 308. Persons
Deemed Owners.

 

Prior to due presentment
of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or of the Trustee
may treat the Person in whose name such Registered Security is registered as the owner of such Registered Security for the purpose
of receiving payment of principal of (and premium, if any) and (subject to Section 307) interest on such Registered Security and
for all other purposes whatsoever, whether or not such Registered Security be overdue, and neither the Company, the Trustee nor
any agent of the Company or the Trustee shall be affected by notice to the contrary.

 

The Company, the Trustee
and any agent of the Company or the Trustee may treat the bearer of any Bearer Security and the bearer of any coupon as the absolute
owner of such Bearer Security or coupon for the purpose of receiving payment thereof or on account thereof and for all other purposes
whatsoever, whether or not such Bearer Security or coupon be overdue, and neither the Company, the Trustee nor any agent of the
Company or the Trustee shall be affected by notice to the contrary.

 

None of the Company,
the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records
relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining, supervising
or reviewing any records relating to such beneficial ownership interests.

 

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Section 309.
Cancellation

 

Unless otherwise provided
with respect to a series of Debt Securities, all Debt Securities and coupons surrendered for payment, redemption, repayment, transfer,
exchange or credit against any sinking fund payment pursuant to this Indenture, shall, if surrendered to the Company or any agent
of the Company, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee
for cancellation any Debt Securities previously authenticated and delivered hereunder which the Company may have acquired in any
manner whatsoever, and all Debt Securities so delivered shall be promptly cancelled by the Trustee. No Debt Securities shall be
authenticated in lieu of or in exchange for any Debt Securities cancelled as provided in this Section, except as expressly permitted
by this Indenture. All cancelled Debt Securities and coupons held by the Trustee shall be destroyed and certification of their
destruction delivered to the Company unless by a Company Order the Company shall direct that the cancelled Debt Securities or coupons
be returned to it.

 

Section 310. Computation
of Interest

 

Except as otherwise specified
as contemplated by Section 301 for Debt Securities of any series, interest on the Debt Securities of each series shall be computed
on the basis of a 360-day year of twelve 30-day months.

 

Section 311. Certification
by a Person Entitled to Delivery of a Bearer Security.

 

Whenever any provision
of this Indenture or a Debt Security contemplates that certification be given by a Person entitled to delivery of a Bearer Security,
such certification shall be provided substantially in the form of Exhibit A-1 and, if applicable, A-2 hereto, with only such changes
as shall be approved by the Company and consented to by the Trustee whose consent shall not unreasonably be withheld.

 

Section 312. Judgments.

 

The Company may provide,
pursuant to Section 301, for the Debt Securities of any series that, to the fullest extent possible under applicable law and except
as may otherwise be specified as contemplated in Section 301, (a) the obligation, if any, of the Company to pay the principal of
(and premium, if any) and interest on the Debt Securities of any series and any related coupons in a Foreign Currency, composite
currency or Dollars (the “Designated Currency”) as may be specified pursuant to Section 301 is of the essence and that
judgments in respect of such Debt Securities shall be given in the Designated Currency; (b) the obligation of the Company to make
payments in the Designated Currency of the principal of (and premium, if any) and interest on such Debt Securities and any related
coupons shall, notwithstanding any payment in any other currency (whether pursuant to a judgment or otherwise), be discharged only
to the extent of the amount in the Designated Currency that the Holder receiving such payment may, in accordance with normal banking
procedures, purchase with the sum paid in such other currency (after any premium and cost of exchange) in the country of issue
of the Designated Currency in the case of Foreign Currency or Dollars or in the international banking community in the case of
a composite currency on the Business Day immediately following the day on which such Holder receives such payment; (c) if the amount
in the Designated Currency that may be so purchased for any reason falls short of the amount originally due, the Company shall
pay such additional amounts as may be necessary to compensate for such shortfall; and (d) any obligation of the Company not discharged
by such payment shall be due as a separate and independent obligation and, until discharged as provided herein, shall continue
in full force and effect.

 

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ARTICLE FOUR

Satisfaction and Discharge

 

Section 401.
Satisfaction and Discharge of Indenture.

 

This Indenture shall
upon Company Request cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of
Debt Securities herein expressly provided for and rights to receive payments of principal and interest thereon and any right to
receive additional amounts, as provided in Section 1004) and the Trustee, at the expense of the Company, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture when

 

(1) either

 

(A) all Debt
Securities theretofore authenticated and delivered and all coupons appertaining thereto (other than (i) coupons appertaining to
Bearer Securities surrendered in exchange for Registered Securities and maturing after such exchange, surrender of which is not
required or has been waived as provided in Section 305, (ii) Debt Securities and coupons which have been destroyed, lost or stolen
and which have been replaced or paid as provided in Section 306, (iii) coupons appertaining to Bearer Securities called for redemption
or surrendered for repayment and maturing after the relevant Redemption Date or Repayment Date, as appropriate, surrender of which
has been waived as provided in Section 1106 or 1303 and (iv) Debt Securities and coupons for whose payment money and/or Eligible
Instruments have theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the
Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee cancelled or for cancellation;
or

 

(B) all such
Debt Securities not theretofore delivered to the Trustee for cancellation

 

(i) have become due and
payable, or

 

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

 

(iii) are to
be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption
by the Trustee in the name, and at the expense, of the Company, and the Company, in the case of (B)(i), (B)(ii) or (B)(iii) above,
has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose money and/or, to the
extent such Debt Securities are denominated and payable in Dollars only, Eligible Instruments the payments of principal and interest
on which when due (and without reinvestment and providing no tax liability will be imposed upon the Trustee or the Holders of Debt
Securities) will provide money in such amounts as will (together with any money irrevocably deposited in trust with the Trustee,
without investment) be sufficient to pay and discharge the entire indebtedness on such Debt Securities and coupons of such series
for principal (and premium, if any) and interest, and any mandatory sinking fund, repayment or analogous payments thereon, on the
scheduled due dates therefor to the date of such deposit (in the case of Debt Securities and coupons which have become due and
payable) or to the Stated Maturity or Redemption Date, if any, and all Repayment Dates (in the case of Debt Securities repayable
at the option of the Holders thereof); provided, however, that in the event a petition for relief under any applicable Federal
or state bankruptcy, insolvency, reorganization or other similar law is filed with respect to the Company within 91 days after
the deposit, the obligations of the Company under the Indenture with respect to the Debt Securities of such series shall not be
deemed terminated or discharged, and in such event the Trustee shall be required to return the deposited money and Eligible Instruments
then held by the Trustee to the Company;

 

(2) the Company has paid
or caused to be paid all other sums payable hereunder by the Company; and

 

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

 

Notwithstanding the satisfaction and discharge
of this Indenture, the obligations of the Company to the Trustee under Section 607 and, if money or Eligible Instruments shall
have been deposited with the Trustee pursuant to Subclause (B) of Clause (1) of this Section, the obligations of the Trustee under
Section 402 and the last paragraph of Section 1003 shall survive such satisfaction and discharge.

 

	 	Section 402.	Application of Trust Money and Eligible Instruments.

 

(a) Subject to the
provisions of the last paragraph of Section 1003, all money and Eligible Instruments deposited with the Trustee pursuant to
Section 401, 403 or 1501 shall be held in trust and such money and the principal and interest received on such Eligible
Instruments shall be applied by it, in accordance with the provisions of the Debt Securities, any coupons 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 may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment
such money or Eligible Instruments have been deposited with the Trustee.

 

    22 

     

    

 

(b) The Trustee shall
deliver or pay to the Company from time to time upon Company Request any Eligible Instruments or money held by it as provided in
Section 403 or 1501 which, in the opinion of a nationally recognized firm of independent public accountants 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 Eligible Instruments or money were deposited or received.

 

(c) The Trustee shall
deliver to the Company from time to time upon Company Request any Eligible Instruments held by it as provided in Section 403 or
1501, provided that the Company in substitution therefor simultaneously delivers to the Trustee, money or other Eligible Instruments
which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, would then be sufficient to satisfy the Company’s payment obligations in respect of the Debt Securities
in the manner contemplated by Section 403 or 1501.

 

	 	Section 403.	Satisfaction, Discharge and Defeasance of Debt Securities of any Series.

 

If this Section 403 is
specified, as contemplated by Section 301, to be applicable to Debt Securities of any series, then, notwithstanding Section 401,
(i) the Company shall be deemed to have paid and discharged the entire indebtedness on all the Outstanding Debt Securities of any
such series and related coupons; (ii) the provisions of this Indenture as it relates to such Outstanding Debt Securities and related
coupons shall no longer be in effect (except as to the rights of Holders of Debt Securities to receive, from the trust fund described
in subparagraph (1) below, payment of (x) the principal of (and premium, if any) and any installment of principal of (and premium,
if any) or interest on such Debt Securities and related coupons on the Stated Maturity of such principal (and premium, if any)
or installment of principal (and premium, if any) or interest or (y) any mandatory sinking fund, repayment or analogous payments
applicable to the Debt Securities of that series on that day on which such payments are due and payable in accordance with the
terms of this Indenture and of such Debt Securities, the Company’s obligations with respect to such Debt Securities under
Sections 304, 305, 306, 1002, 1003 and 1004 and the rights, powers, trusts, duties and immunities of the Trustee hereunder, including
those under Section 607 hereof); and (iii) the Trustee, at the expense of the Company, shall, upon Company Order, execute proper
instruments acknowledging satisfaction and discharge of such indebtedness, when

 

(1) either

 

(A) with respect
to all Outstanding Debt Securities of such series and related coupons, with reference to this Section 403, the Company has deposited
or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 609 who shall agree to comply
with the provisions of this Section 403 applicable to it) irrevocably, as trust funds in trust, money and/or, to the extent such
Debt Securities are denominated and payable in Dollars only, Eligible Instruments the payments of principal and interest on which
when due (and without reinvestment and providing no tax liability will be imposed upon the Trustee or the Holders of such Debt
Securities) will provide money in such amounts as will (together with any money irrevocably deposited in trust with the Trustee,
without investment) be sufficient to pay and discharge (i) the principal of (and premium, if any) and interest on the Outstanding
Debt Securities of that series and related coupons on the Stated Maturity of such principal or interest or, if such series may
be redeemed by the Company prior to the Stated Maturity thereof, and the Company shall have given irrevocable instructions to the
Trustee to effect such redemption, at the date fixed for such redemption pursuant to Article Eleven, and (ii) any mandatory sinking
fund payments or analogous payments applicable to Debt Securities of such series on the date on which such payments are due and
payable in accordance with the terms of this Indenture and of such Debt Securities; or

 

(B) the Company
has properly fulfilled such other means of satisfaction and discharge as is specified, as contemplated by Section 301, to be applicable
to the Debt Securities of such series;

 

(2) the Company
has paid or caused to be paid all sums payable with respect to the Outstanding Debt Securities of such series and related coupons;

 

(3) such
deposit will not result in a breach 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;

 

    23 

     

    

 

(4) no Event
of Default or event which, with the giving of notice or lapse of time, or both, would become an Event of Default pursuant to Section
501(1), (2), (3), (5) or (6) with respect to the Debt Securities of such series shall have occurred and be continuing on the date
of such deposit and no Event of Default under Section 501(5) or Section 501(6) or event which, with the giving of notice or lapse
of time, or both, would become an Event of Default under Section 501(5) or Section 501(6) shall have occurred and be continuing
on the 91st day after such date; provided, however, that should that condition fail to be satisfied on
or before such 91st day, the Trustee shall promptly, upon satisfactory receipt of evidence of such failure, return such
deposit to the Company;

 

(5) the Company
has delivered to the Trustee an Opinion of Counsel to the effect that (a) the Company has received from, or there has been published
by, the Internal Revenue Service a ruling, or (b) since the date of this Indenture there has been a change in 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
Debt Securities and related coupons 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;

 

(6) if the
Debt Securities of that series are then listed on any domestic or foreign securities exchange, the Company shall have delivered
to the Trustee an Opinion of Counsel to the effect that such deposit, defeasance and discharge will not cause such Debt Securities
to be delisted;

 

(7) such
deposit shall have been effected in compliance with any additional terms, conditions or limitations which may be imposed on the
Company in connection therewith pursuant to Section 301; and

 

(8) the Company
has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent
herein provided for relating to the satisfaction and discharge of the entire indebtedness of all Outstanding Debt Securities and
related coupons have been complied with.

 

Any deposits with the
Trustee referred to in Section 403(1)(A) above shall be irrevocable and shall be made under the terms of an escrow or trust agreement
in form and substance satisfactory to the Trustee. If any Outstanding Debt Securities of such series are to be redeemed prior to
their Stated Maturity, whether pursuant to any optional redemption provisions or in accordance with any mandatory sinking fund
requirement, the applicable escrow or trust agreement shall provide therefor and the Company shall make such arrangements as are
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company.

 

Upon the satisfaction
of the conditions set forth in this Section 403 with respect to all the Outstanding Debt Securities of any series, the terms and
conditions of such series, including the terms and conditions with respect thereto set forth in this Indenture, shall no longer
be binding upon, or applicable to, the Company; provided that the Company shall not be discharged from any payment obligations
in respect of Debt Securities of such series which are deemed not to be Outstanding under clause (iii) of the definition thereof
if such obligations continue to be valid obligations of the Company under applicable law.

 

Notwithstanding the cessation,
termination and discharge of all obligations, covenants and agreements (except as provided above in this Section 403) of the Company
under this Indenture with respect to any series of Debt Securities, the obligations of the Company to the Trustee under Section
607, and the obligations of the Trustee under Section 402 and the last paragraph of Section 1003, shall survive with respect to
such series of Debt Securities.

 

    24 

     

    

 

ARTICLE FIVE

Remedies

 

Section 501. Events
of Default

 

“Event of Default”,
wherever used herein with respect to Debt Securities of any series, means any one of the following events (whatever the reason
for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law, pursuant to any
judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

 

(1) default
in the payment of any interest upon any Debt Security of such series or a related coupon, if any, when it becomes due and payable,
and continuance of such default for a period of 30 days; or

 

(2) default
in the payment of the principal of (or premium, if any, on) any Debt Security of such series at its Maturity; or

 

(3) default
in the deposit of any sinking fund payment, when and as due by the terms of a Debt Security of such series; or

 

(4) default
in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty
a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been
included in this Indenture solely for the benefit of Debt Securities of a series other than such series), and continuance of such
default or breach for a period of 90 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 Debt Securities of such
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

 

(5) the entry
by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an involuntary
case or proceeding under any applicable Federal or state bankruptcy, insolvency, reorganization or other similar law or (B) a decree
or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement,
adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian,
receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its
property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief
or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or

 

(6) the commencement
by the Company of a voluntary case or proceeding under any applicable Federal or state bankruptcy, insolvency, reorganization or
other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry
of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or
state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or
proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable
Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian,
receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial part of its property,
or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its
debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action; or

 

(7) any other
Event of Default, if any, provided with respect to Debt Securities of such series specified as contemplated by Section 301.

 

Section 502. Acceleration
of Maturity; Rescission and Annulment.

 

If an Event of Default
with respect to Debt Securities of any series at the time Outstanding occurs and is continuing, then and in every such case the
Trustee or the Holders of not less than 25% in principal amount of Outstanding Debt Securities of such series may declare the principal
amount (or, if the Debt Securities of such series are Original Issue Discount Securities, such portion of the principal amount
as may be specified in the terms of such series) of and all accrued but unpaid interest on all the Debt Securities of such series
to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by such Holders), and upon
any such declaration such principal amount (or specified amount) shall become immediately due and payable. Upon payment of such
amount, all obligations of the Company in respect of the payment of principal of the Debt Securities of such series shall terminate.

 

At any time after
such a declaration of acceleration with respect to Debt Securities of 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 Debt Securities of such series, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences if

 

    25 

     

    

 

(1) the Company
has paid or deposited with the Trustee a sum sufficient to pay

 

(A) all overdue
installments of interest on all Debt Securities of such series and any related coupons,

 

(B) the principal
of (and premium, if any, on) any Debt Securities of such series which have become due otherwise than by such declaration of acceleration
and interest thereon at the rate or rates prescribed therefor in such Debt Securities,

 

(C) to the
extent that payment of such interest is lawful, interest upon overdue installments of interest on each Debt Security and any related
coupons at the rate or rates prescribed therefor in such Debt Securities, and

 

(D) all sums
paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel;

 

and

 

(2) all Events
of Default with respect to Debt Securities of such series, other than the non-payment of the principal of Debt Securities of such
series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513.

 

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

 

	 	Section 503.	Collection of Indebtedness and Suits for Enforcement by Trustee.

 

The Company covenants
that if:

 

(1) default
is made in the payment of any installment of interest on any Debt Security or any related coupon when such interest becomes due
and payable and such default continues for a period of 30 days, or

 

(2) default
is made in the payment of the principal of (or premium, if any, on) any Debt Security at the Maturity thereof,

 

the Company will, upon demand of the Trustee,
pay to it, for the benefit of the Holders of such Debt Securities and any related coupons, the amount then due and payable on such
Debt Securities and coupons for principal (and premium, if any) and interest and, to the extent that payment of such interest shall
be legally enforceable, interest upon the overdue principal (and premium, if any) and, upon overdue installments of interest, at
the rate or rates prescribed therefor in such Debt Securities, and, in addition thereto, such further amount as shall be sufficient
to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of 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, and may prosecute such proceeding to judgment or final
decree, and may enforce the same against the Company or any other obligor upon such Debt Securities and coupons and collect the
moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor
upon such Debt Securities and coupons, wherever situated.

 

If an Event of Default
with respect to Debt 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 Debt Securities of such series and any related coupons 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 504. Trustee
May File Proofs of Claim.

 

In case of the
pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceedings, or any voluntary or involuntary case under the Federal bankruptcy laws as now or hereafter
constituted, relative to the Company or any other obligor upon the Debt Securities of a particular series or any related
coupons or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the
principal of such Debt Securities shall then be due and payable as therein expressed or by declaration or otherwise and
irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or
interest) shall be entitled and empowered, by intervention in such proceedings or otherwise,

 

    26 

     

    

 

(1) to file
and prove a claim for the whole amount of principal (and premium, if any) and interest owing and unpaid in respect of the Debt
Securities of such series and any related coupons and to file such other papers or documents as may be necessary or advisable in
order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and

 

(2) to collect
and receive any moneys or other property payable or deliverable on any such claims and to distribute the same;

 

and any receiver, assignee, trustee, custodian,
liquidator, sequestrator or other similar official in any such 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 reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel, and any other amounts due the Trustee under Section 607.

 

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 Debt Securities or any coupons 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 505. Trustee
May Enforce Claims without Possession of Debt Securities or Coupons.

 

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

 

Section 506.
Application of Money Collected.

 

Any money collected by
the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in
case of the distribution of such money on account of principal (and premium, if any) or interest, upon presentation of the Debt
Securities or any coupons, or both, as the case may be, 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 607;

 

SECOND: To
the payment of the amounts then due and unpaid for principal of (and premium, if any) and interest on the Debt Securities and any
coupons, 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 Debt Securities and any coupons for principal (and premium, if any)
and interest, respectively. The Holders of each series of Debt Securities denominated in Euro, any other composite currency or
a Foreign Currency and any matured coupons relating thereto shall be entitled to receive a ratable portion of the amount determined
by the Exchange Rate Agent by converting the principal amount Outstanding of such series of Debt Securities and matured but unpaid
interest on such series of Debt Securities in the currency in which such series of Debt Securities is denominated into Dollars
at the Exchange Rate as of the date of declaration of acceleration of the Maturity of the Debt Securities; and

 

THIRD: The
balance, if any, to the Company.

 

    27 

     

    

 

Section 507. Limitation
on Suits

 

No Holder of any Debt
Securities of any series or any related coupons 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

 

(1) such Holder
has previously given written notice to the Trustee of a continuing Event of Default with respect to the Debt Securities of such
series;

 

(2) the Holders
of not less than 25% in principal amount of the Outstanding Debt Securities of such series shall have made written request to the
Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

 

(3) such Holder
or Holders have offered to the Trustee reasonable indemnity satisfactory to it against the costs, expenses and liabilities to be
incurred in compliance with such request;

 

(4) the Trustee
for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and

 

(5) no direction
inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in
principal amount of the Outstanding Debt Securities of such series;

 

it being understood and intended 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 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 of such Holders.

 

Section 508. Unconditional
Right of Holders to Receive Principal, Premium and Interest.

 

Notwithstanding any other
provision in this Indenture, the Holder of any Debt Security or coupon shall have the right which is absolute and unconditional
to receive payment of the principal of (and premium, if any) and (subject to Section 307) interest on such Debt Security or payment
of such coupon on the respective Stated Maturity or Maturities expressed in such Debt Security or coupon (or, in the case of redemption
or repayment, on the Redemption Date or the Repayment Date, as the case may be) and to institute suit for the enforcement of any
such payment, and such right shall not be impaired without the consent of such Holder.

 

	 	Section 509.	Restoration of Rights and Remedies.

 

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

 

Section 510. Rights
and Remedies Cumulative.

 

Except as otherwise provided
in Section 306, 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 prevent the concurrent assertion or employment of any other appropriate
right or remedy.

 

Section 511.
Delay or Omission Not Waiver

 

No delay or omission
of the Trustee or of any Holder of any Debt Security or coupon 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.

 

    28 

     

    

 

Section 512. Control
by Holders of Debt Securities.

 

The Holders of a majority
in principal amount of the Outstanding Debt 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 Debt Securities of such series, provided, that

 

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

 

(2) subject
to the provisions of Section 601, the Trustee shall have the right to decline to follow any such direction if the Trustee in good
faith shall, by a Responsible Officer or Responsible Officers of the Trustee, determine that the proceedings so directed would
be unjustly prejudicial to the Holders of Debt Securities of such series not joining in any such direction; and

 

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

 

Section 513.
Waiver of Past Defaults

 

The Holders of not less
than a majority in principal amount of the Outstanding Debt Securities of any series may on behalf of the Holders of all the Debt
Securities of any such series and any related coupons waive any past default hereunder with respect to such series and its consequences,
except a default

 

(1) in the
payment of the principal of (or premium, if any) or interest on any Debt Security of such series, or

 

(2) in respect
of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each
Outstanding Debt Security of such series or coupons affected.

 

Upon any such waiver,
such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose
of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

 

Section 514.
Undertaking for Costs.

 

All parties to this Indenture
agree, and each Holder of any Debt Security or coupon 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 and expenses, against any party litigant in such suit, having a 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 or 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
Debt Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or
premium, if any) or interest on any Debt Security or the payment of any coupons on or after the respective Stated Maturity or Maturities
expressed in such Debt Security or coupon (or, in the case of redemption or repayment, on or after the Redemption Date or Repayment
Date, as the case may be).

 

Section 515. Waiver
of Stay or Extension Laws.

 

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

 

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ARTICLE SIX

The Trustee

 

Section 601. Certain
Duties and Responsibilities.

 

(a) Except during the
continuance of an Event of Default,

 

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

 

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

 

(b) In case an Event
of Default has occurred and is continuing, the Trustee shall exercise such of 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 his or her own affairs.

 

(c) No provision of this
Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act,
or its own willful misconduct, except that

 

(i) this subsection
shall not be construed to limit the effect of subsection (a) of this Section 601;

 

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

 

(iii) the Trustee
shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction
of the Holders of a majority in principal amount of the Outstanding Debt Securities of any series, determined as provided in Sections
101, 104 and 512, 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 Debt Securities of such series;
and

 

(iv) no provision
of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance
of any of its duties hereunder, or in the exercise of any of its rights or powers.

 

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

 

Section 602. Notice
of Default.

 

If a default occurs hereunder
with respect to Debt Securities of any series the Trustee shall transmit by mail to all Holders of Debt Securities of such series
notice of such default as and to the extent provided by the Trust Indenture Act; provided, however, that in the case of
any default of the character specified in Section 501(4) with respect to Debt Securities of such series no such notice to Holders
shall be given until at least 30 days after the occurrence thereof; and provided further, that, except in the case of a
default in the payment of principal of (or premium, if any) or interest on any Debt Security of such series or related coupons
or in the payment of any sinking fund installment with respect to Debt Securities of such series, the Trustee shall be protected
in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors
and/or a Responsible Officer of the Trustee in good faith determines that the withholding of such notice is in the interest of
the Holders of the Debt Securities of such series. For the purpose of this Section, the term “default” means any event
which is, or after notice or lapse of time or both would become, an Event of Default with respect to Debt Securities of such series.

 

Section 603. Certain
Rights of Trustee.

 

Except as otherwise provided
in Section 601:

 

(a) the Trustee may conclusively
rely and shall be fully protected in acting or refraining from acting upon any signature, resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon 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 party or parties;

 

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(b) any request or direction
of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the
Board of Directors shall be sufficiently evidenced by a Board Resolution;

 

(c) whenever in the administration
of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting
any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on
its part, rely upon an Officers’ Certificate;

 

(d) 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 in good faith and in reliance thereon;

 

(e) the Trustee shall
be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any
of the Holders of Debt Securities of such series or any related coupons pursuant to this Indenture, 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;

 

(f) the Trustee shall
not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon, 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, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine
the books, records and premises of the Company, personally or by agent or attorney, other than any such books or records containing
information as to the affairs of the customers of the Company or any of its subsidiaries; provided that the Trustee may
examine such books and records relating to customers to the extent that such books and records contain information as to any payments
made to such customers in their capacity as Holders of Debt Securities; and provided further that the Trustee shall incur
no liability or additional liability of any kind by reason of such inquiry or investigation; and

 

(g) the Trustee may execute
any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and
the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care
by it hereunder; no Exchange Rate Agent, Global Exchange Agent, Depositary or Paying Agent shall be deemed an agent of the Trustee
and the Trustee shall not be responsible for any act or omission by any of them.

 

Section 604. Not
Responsible for Recitals or Issuance of Debt Securities.

 

The recitals contained
herein and in the Debt Securities, except the Trustee’s certificates of authentication, and in any coupons, and the information
in any registration statement, including all attachments thereto, except information provided by the Trustee therein, shall be
taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations
as to the validity or sufficiency of this Indenture or of the Debt Securities of any series or any coupons. The Trustee shall not
be accountable for the use or application by the Company of any Debt Securities or the proceeds thereof. The Trustee shall not
be responsible for and makes no representations as to the Company’s ability or authority to issue Bearer Securities or the
lawfulness thereof.

 

Section 605. May
Hold Debt Securities or Coupons.

 

The Trustee, any Paying
Agent, the Security Registrar or any other agent of the Company or the Trustee, in its individual or any other capacity, may become
the owner or pledgee of Debt Securities and coupons, and, subject to Sections 608 and 613, may otherwise deal with the Company
with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar or such agent.

 

Section 606.
Money Held in Trust.

 

Money held by the Trustee
or any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required by law. Neither the
Trustee nor any Paying Agent shall be under any liability for interest on any money received by it hereunder except as otherwise
agreed with the Company.

 

Section 607.
Compensation and Reimbursement.

 

The Company agrees

 

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(1) to pay
to the Trustee from time to time such compensation for all services rendered by it hereunder which shall have been separately agreed
to from time to time in writing by the Company and the Trustee (which compensation shall not be limited by any provision of law
in regard to the compensation of a trustee of an express trust);

 

(2) except
as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and
advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation
and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable
to its negligence or willful misconduct; and

 

(3) to fully
indemnify the Trustee for, and to hold it harmless against, any and all claims, losses, liabilities, damages or expenses (including
taxes other than taxes based upon the income of the Trustee) incurred without negligence or willful misconduct on its part, arising
out of or in connection with the acceptance or administration of this trust or performance of its duties hereunder, including the
costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of
its powers or duties hereunder.

 

As security for the performance
of the obligations of the Company under this Section the Trustee shall have a claim prior to the Debt Securities and any coupons
upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of
(and premium, if any) or interest on particular Debt Securities or any coupons.

 

Section 608. Disqualification;
Conflicting Interests.

 

If the Trustee has or
shall acquire any conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest
or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.
To the extent permitted by such Act, the Trustee shall not be deemed to have a conflicting interest with respect to Debt Securities
of any series by virtue of being a trustee under this Indenture with respect to any particular series of Debt Securities.

 

Section 609. Corporate
Trustee Required; Eligibility.

 

There shall at all times
be a Trustee hereunder which shall be a corporation that is eligible pursuant to the Trust Indenture Act to act as such and organized
and doing business under the laws of the United States, any State thereof or the District of Columbia, authorized under such laws
to exercise corporate trust powers, having a combined capital and surplus of at least $5,000,000, and subject to supervision or
examination by Federal or State authority; provided, however, that if Section 310(a) of the Trust Indenture Act or the rules
and regulations of the Commission under the Trust Indenture Act at any time permit a corporation organized and doing business under
the laws of any other jurisdiction to serve as trustee of an indenture qualified under the Trust Indenture Act, this Section 609
shall be automatically amended to permit a corporation organized and doing business under the laws of any such other jurisdiction
to serve as Trustee hereunder. If such corporation publishes reports of condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and
surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition
so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall
resign promptly in the manner and with the effect hereinafter specified in this Article.

 

Section 610. Resignation
and Removal; Appointment of Successor.

 

(a) No resignation or
removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance
of appointment by the successor Trustee under Section 611.

 

(b) The Trustee may resign
at any time with respect to the Debt Securities of one or more series by giving written notice thereof to the Company. If an instrument
of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice
of resignation, the resigning Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment
of a successor Trustee with respect to the Debt Securities of such series.

 

(c) The Trustee may be
removed at any time with respect to the Debt Securities of any series by Act of the Holders of a majority in principal amount of
the Outstanding Debt Securities of such series, delivered to the Trustee and to the Company. If an instrument of acceptance by
a successor Trustee shall not have been delivered to the Trustee within 30 days of receipt of such Act specifying removal, the
removed Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor
Trustee with respect to the Debt Securities of such series.

 

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(d) If at any time:

 

(1) the Trustee
shall fail to comply with Section 608 with respect to the Debt Securities of any series after written request therefor by the Company
or by any Holder who has been a bona fide Holder of a Debt Security of such series for at least six months, or

 

(2) the Trustee
shall cease to be eligible under Section 609 with respect to any series of Debt Securities and shall fail to resign after written
request therefor by the Company or by any such Holder, or

 

(3) the Trustee
shall become incapable of acting with respect to any series of Debt Securities or a decree or order for relief by a court having
jurisdiction in the premises shall have been entered in respect of the Trustee in an involuntary case under the Federal bankruptcy
laws, as now or hereafter constituted, or any other applicable Federal or State bankruptcy, insolvency or similar law; or a decree
or order by a court having jurisdiction in the premises shall have been entered for the appointment of a receiver, custodian, liquidator,
assignee, trustee, sequestrator or other similar official of the Trustee or of its property or affairs, or any public officer shall
take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation, winding up
or liquidation, or

 

(4) the Trustee
shall commence a voluntary case under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable Federal
or State bankruptcy, insolvency or similar law or shall consent to the appointment of or taking possession by a receiver, custodian,
liquidator, assignee, trustee, sequestrator or other similar official of the Trustee or its property or affairs, or shall make
an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they become due,
or shall take corporate action in furtherance of any such action,

 

then, in any such case, (i) the Company
by a Board Resolution may remove the Trustee with respect to such series or (ii) subject to Section 514, any Holder who has been
a bona fide Holder of a Debt Security of any series for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the Trustee for the Debt Securities of such series and
the appointment of a successor Trustee. In addition, the Company may remove the Trustee if the Company shall determine by a Board
Resolution that the services provided by the Trustee hereunder may be obtained at a substantially lower cost to the Company.

 

(e) If the Trustee shall
resign, be removed or become incapable of acting with respect to any series of Debt Securities, or if a vacancy shall occur in
the office of Trustee for any cause, with respect to the Debt Securities of one or more series, the Company, by a Board Resolution,
shall promptly appoint a successor Trustee or Trustees with respect to the Debt Securities of that or those series (it being understood
that any such successor Trustee may be appointed with respect to the Debt Securities of one or more or all of such series and that
at any time there shall be only one Trustee with respect to the Debt Securities of any particular series) and shall comply with
the applicable requirements of Section 611. If, within one year after such resignation, removal or incapability, or the occurrence
of such vacancy, a successor Trustee with respect to the Debt Securities of any series shall be appointed by Act of the Holders
of a majority in principal amount of the Outstanding Debt Securities of such series delivered to the Company and the retiring Trustee,
the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee with
respect to the Debt Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no
successor Trustee with respect to the Debt Securities of any series shall have been so appointed by the Company or the Holders
and accepted appointment in the manner hereinafter provided, any Holder who has been a bona fide Holder of a Debt Security of such
series for at least six months may, subject to Section 514, on behalf of himself and all others similarly situated, petition any
court of competent jurisdiction for the appointment of a successor Trustee with respect to the Debt Securities of such series.

 

(f) The Company
shall give notice of each resignation and each removal of the Trustee with respect to the Debt Securities of any series and
each appointment of a successor Trustee with respect to the Debt Securities of any series by mailing written notice of such
event by first-class mail, postage prepaid, to the Holders of Registered Securities, if any, of such series as their names
and addresses appear in the Security Register and, if Debt Securities of such series are issuable as Bearer Securities, by
publishing notice of such event once in an Authorized Newspaper in each Place of Payment located outside the United States.
Each notice shall include the name of the successor Trustee with respect to the Debt Securities of such series and the
address of its Corporate Trust Office.

 

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Section 611. Acceptance
of Appointment by Successor.

 

(a) In the case of an
appointment hereunder of a successor Trustee with respect to all Debt Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon
the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act,
deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request
of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges due under Section 607 hereof,
execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee,
and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder.

 

(b) In the case of the
appointment hereunder of a successor Trustee with respect to the Debt Securities of one or more (but not all) series, the Company,
the retiring Trustee upon payment of its charges and each successor Trustee with respect to the Debt Securities of one or more
series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment
and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each
successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that
or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect
to all Debt Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that or those series as to which the retiring
Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions
of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of
the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or
trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture, the
resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Debt Securities of that or those series to which the appointment of such successor Trustee relates;
but, on the request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Debt Securities of that or
those series to which the appointment of such successor Trustee relates.

 

(c) Upon request of any
such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming
to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may
be.

 

(d) No successor Trustee
shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under
this Article.

 

Section 612. Merger,
Conversion, Consolidation or Succession to Business.

 

Any corporation into
which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of
the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation
shall be otherwise qualified and eligible under this Article, without the executing or filing of any paper or any further act on
the part of any of the parties hereto. In case any Debt Securities shall have been authenticated, but not delivered, by the Trustee
then in office, any successor by merger, conversion, consolidation or sale to such authenticating Trustee may adopt such authentication
and deliver the Debt Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such
Debt Securities. In case any Debt Securities shall not have been authenticated by such predecessor Trustee, any such successor
Trustee may authenticate and deliver such Debt Securities, in either its own name or that of its predecessor Trustee, with the
full force and effect which this Indenture provides for the certificate of authentication of the Trustee.

 

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Section 613. Preferential
Collection of Claims Against Company.

 

If and when the Trustee
shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company (or any other obligor upon the
Debt Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding collection of claims against
the Company (or any such other obligor).

 

Section 614. Authenticating
Agent.

 

The Trustee shall upon
Company request appoint one or more authenticating agents with respect to one or more series of Debt Securities which shall be
authorized on behalf of the Trustee in authenticating Debt Securities of such series in connection with the issue, delivery, registration
of transfer, exchange, partial redemption or repayment of such Debt Securities. Wherever reference is made in this Indenture to
the authentication of Debt Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall
be deemed to include authentication on behalf of the Trustee by an authenticating agent and a certificate of authentication executed
on behalf of the Trustee by an authenticating agent. Each authenticating agent must be acceptable to the Company and must be a
corporation organized and doing business under the laws of the United States or of any State, having a combined capital and surplus
of at least $1,000,000, authorized under such laws to do a trust business and subject to supervision or examination by Federal
or State authorities or the equivalent foreign authority in the case of an authenticating agent who is not organized and doing
business under the laws of the United States or of any State thereof or the District of Columbia.

 

Any corporation succeeding
to the corporate agency business of an authenticating agent shall continue to be an authenticating agent without the execution
or filing of any paper or any further act on the part of the Trustee or such authenticating agent.

 

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

 

The Trustee agrees to
pay to each authenticating agent from time to time reasonable compensation for its services under this Section, and the Trustee
shall be entitled to be reimbursed for such payment, subject to the provisions of Section 607.

 

The provisions of Sections
104, 111, 306, 309, 603, 604, 605 and 607 shall be applicable to any authenticating agent.

 

Pursuant to each appointment
made under this Section, the Debt Securities of each series covered by such appointment may have endorsed thereon, in lieu of the
Trustee’s certificate of authentication, an alternate certificate of authentication in substantially the following form:

 

This is one of the Debt
Securities, of the series designated herein, described in the within-mentioned Indenture.

 

	 	[_____________________]
	 	 	 
	 	By	 
	 	 	As Authenticating Agent for the Trustee
	 	By	 
	 	 	Authorized Signatory
	 	Dated 	 

 

ARTICLE SEVEN

Holders’ Lists and Reports By Trustee and Company

 

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Section 701. Company
to Furnish Trustee Names and Addresses of Holders.

 

The Company will furnish
or cause to be furnished to the Trustee with respect to Debt Securities of each series for which it acts as Trustee:

 

(1) semi-annually,
not more than 15 days after the Regular Record Date in respect of the Debt Securities of such series or on May 15 and November
15 of each year with respect to each series of Debt Securities for which there are no Regular Record Dates, a list, in such form
as the Trustee may reasonably require, of the names and addresses of the Holders of Registered Securities as of such Regular Record
Date or May 1 or November 1, as the case may be, and

 

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

 

provided, however, that if and so
long as the Trustee shall be the Security Registrar, no such list need be furnished.

 

Section 702. Preservation
of Information; Communications to Holders.

 

(a) The Trustee shall
preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of Registered Securities contained
in the most recent list furnished to the Trustee as provided in Section 701 and the names and addresses of Holders of Registered
Securities received by the Trustee in its capacity as Paying Agent or Security Registrar, if so acting. The Trustee may destroy
any list furnished to it as provided in Section 701 upon receipt of a new list so furnished. The Trustee shall preserve for at
least two years the names and addresses of Holders of Bearer Securities filed with the Trustee by such Holders.

 

(b) The rights of Holders
to communicate with other Holders with respect to their rights under this Indenture or under the Debt Securities, and the corresponding
rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act.

 

(c) Every Holder of Debt
Securities or coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor
the Trustee shall be held accountable by reason of any disclosure of information as to the names and addresses of the Holders made
pursuant to the Trust Indenture Act.

 

Section 703. Reports
by Trustee.

 

(a) Within 60 days after
May 15 of each year commencing with the first May 15 after the first issuance of Debt Securities pursuant to this Indenture and
at any other time required by the Trust Indenture Act, the Trustee shall transmit to Holders such reports concerning the Trustee
and its actions under this Indenture and such other matters as may be required pursuant to the Trust Indenture Act in the manner
required by the Trust Indenture Act.

 

(b) A copy of each such
report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any Debt
Securities of such series are listed, with the Commission and also with the Company. The Company will notify the Trustee when any
series of Debt Securities are listed on any stock exchange.

 

Section 704.
Reports by Company.

 

The Company shall file
with the Trustee and the Commission, and transmit to Holders such information, documents and other reports, and such summaries
thereof, as may be required pursuant to the Trust Indenture Act at the time and in the manner pursuant to such Act; provided
that such information, documents or reports required to be filed with the Commission pursuant to Section 13 or Section 15(d)
of the Exchange Act shall be filed with the Trustee within 15 days of filing with the Commission.

 

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

 

ARTICLE EIGHT

Consolidation, Merger, Conveyance, Transfer or Lease

 

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Section 801. Company
May Consolidate, etc. Only on Certain Terms.

 

The Company shall not
consolidate with or merge into any other corporation or convey, transfer or lease its properties and assets substantially as an
entirety to any Person, unless:

 

(1) the corporation
formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which
leases, the properties and assets of the Company substantially as an entirety shall be a corporation organized and existing under
the laws of the United States of America, any political subdivision thereof or any State thereof and shall expressly assume, by
an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual
payment of the principal of (and premium, if any) and interest (including all additional amounts, if any, payable pursuant to Section
1004) on all the Debt Securities and any related coupons and the performance of every covenant of this Indenture on the part of
the Company to be performed or observed;

 

(2) immediately
after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time, or both, would
become an Event of Default, shall have happened and be continuing; and

 

(3) the Company
has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger,
conveyance, transfer or lease and such supplemental indenture comply with this Article and that all conditions precedent herein
provided for relating to such transaction have been met.

 

Section 802. Successor
Corporation Substituted.

 

Upon any consolidation
with or merger into any other corporation, or any conveyance, transfer or lease of the properties and assets of the Company substantially
as an entirety in accordance with Section 801, the successor corporation formed by such consolidation or into which the Company
is merged or to which such conveyance, transfer or lease 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 had been named as the Company herein,
and thereafter, except in the case of a lease of the properties and assets of the Company substantially as an entirety, the Company
(which term for this purpose shall mean the Person named as the “Company” in the first paragraph of this instrument
or any successor corporation which shall theretofore have become such in the manner presented in this Article) shall be relieved
of all obligations and covenants under this Indenture and the Debt Securities and any coupons.

 

ARTICLE NINE

Supplemental Indentures

 

Section 901. Supplemental
Indentures without Consent of Holders.

 

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

 

(1) to evidence
the succession of another corporation to the Company, and the assumption by such successor of the covenants of the Company herein
and in the Debt Securities contained; or

 

(2) to add
to the covenants of the Company, for the benefit of the Holders of all or any series of Debt Securities or coupons (and if such
covenants are to be for the benefit of less than all series of Debt Securities or coupons, stating that such covenants are expressly
being included solely for the benefit of such series), to convey, transfer, assign, mortgage or pledge any property to or with
the Trustee, or to surrender any right or power herein conferred upon the Company; or

 

(3) to add
any additional Events of Default (and if such Events of Default are to be applicable to less than all series of Debt Securities,
stating that such Events of Default are expressly being included solely to be applicable to such series); or

 

(4) to add
to, change or eliminate any of the provisions of this Indenture to provide that Bearer Securities may be registrable as to principal,
to change or eliminate any restrictions on the payment of principal (or premium, if any) on Registered Securities or of principal
(or premium, if any) or any interest on Bearer Securities, to permit Bearer Securities to be issued in exchange for Registered
Securities of other authorized denominations or to permit or facilitate the issuance of Debt Securities in uncertificated form,
provided any such action shall not adversely affect the interests of the Holders of Debt Securities of any series or any
related coupons in any material respect; or

 

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(5) to change
or eliminate any of the provisions of this Indenture, provided that any such change or elimination (a) shall become effective
only when there is no Debt Security Outstanding of any series created prior to the execution of such supplemental indenture which
is entitled to the benefit of such provisions or (b) shall not apply to any Debt Security Outstanding; or

 

(6) to establish
the form or terms of Debt Securities of any series as permitted by Sections 201 and 301; or

 

(7) to evidence
and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Debt 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, pursuant to the requirements of Section 611(b); or

 

(8) to cure
any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein,
to make any other provisions with respect to matters or questions arising under this Indenture which shall not be inconsistent
with the provisions of this Indenture, or to make any other additions to, deletions from and other changes to the provisions hereof,
provided such other provisions shall not adversely affect the interests of the Holders of Debt Securities of any series
or any related coupons in any material respect; or

 

(9) to add
to or change or eliminate any provision of this Indenture as shall be necessary or desirable in accordance with any amendments
to the Trust Indenture Act, provided such action shall not adversely affect the interest of Holders of Debt Securities of
any series or any related coupons in any material respect.

 

Section 902. Supplemental
Indentures with Consent of Holders.

 

With the consent of the
Holders of not less than a majority in principal amount of the Outstanding Debt Securities of all series affected by such supplemental
indenture, acting together as a class, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized
by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner
the rights of the Holders under this Indenture of such Debt Securities of such series and any related coupons; provided, however,
that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Debt Security or coupon affected
thereby,

 

(1) change
the Stated Maturity of the principal or any installment of principal of, or any installment of interest on, any Debt Security,
or reduce the principal amount thereof or the interest thereon or any premium payable upon redemption or repayment thereof, or
change any obligation of the Company to pay additional amounts pursuant to Section 1004 (except as contemplated by Section 801(1)
and permitted by Section 901(1)), or reduce the amount of the principal of an Original Issue Discount Security that would be due
and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, or change any Place of Payment,
or the coin or currency in which any Debt Security or the interest thereon or any coupon is payable, or impair the right to institute
suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repayment,
on or after the Redemption Date or Repayment Date, as the case may be); or

 

(2)
reduce the percentage in principal amount of the Outstanding Debt Securities of any series, the consent of whose Holders is
required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with
certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or
reduce the requirements of Section 1404 for quorum or voting; or

 

(3) modify
any of the provisions of this Section, Section 513 or Section 1006, except to increase any such percentage or to provide that certain
other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Debt Security
affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect
to changes in the references to “the Trustee” and concomitant changes in this Section and Section 1006, or the deletion
of this proviso, in accordance with the requirements of Section 611(b) and 901(7); or

 

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(4) adversely affect
the right to repayment, if any, of Debt Securities of any series at the option of the Holders thereof.

 

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

 

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

 

Section 903. Execution
of Supplemental Indentures.

 

In executing, or accepting
the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts
created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying
upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture.
The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own
rights, duties or immunities under this Indenture or otherwise.

 

Section 904. Effect
of Supplemental Indentures.

 

Upon the execution of
any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental
indenture shall form a part of this Indenture for all purposes; and every Holder of Debt Securities theretofore or thereafter authenticated
and delivered hereunder and of any coupons appertaining thereto shall be bound thereby.

 

Section 905.
Conformity with Trust Indenture Act.

 

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

 

Section 906.
Reference in Debt Securities to Supplemental Indentures.

 

Debt Securities of any
series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if
required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture.
If the Company shall so determine, new Debt Securities of any series and any related coupons so modified as to conform, in the
opinion of the Trustee and the Board of Directors, to any such supplemental indenture may be prepared and executed by the Company
and authenticated and delivered by the Trustee in exchange for Outstanding Debt Securities of such series and any related coupons.

 

ARTICLE TEN

Covenants

 

Section 1001. Payment
of Principal, Premium and Interest.

 

The Company
covenants and agrees for the benefit of each series of Debt Securities and any related coupons that it will duly and
punctually pay the principal of (and premium, if any) and interest on the Debt Securities and any related coupons in
accordance with the terms of the Debt Securities, any related coupons and this Indenture. Any interest due on Bearer
Securities on or before Maturity, other than additional amounts, if any, payable as provided in Section 1004 in respect of
principal of (or premium, if any, on) such a Debt Security, shall be payable only upon presentation and surrender of the
several coupons for such interest installments as are evidenced thereby as they severally mature.

 

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Section 1002.
Maintenance of Office or Agency.

 

The Company will maintain
in each Place of Payment for any series of Debt Securities an office or agency where Debt Securities (but, except as otherwise
provided below, unless such Place of Payment is located outside the United States, not Bearer Securities) may be presented or surrendered
for payment, where Debt Securities may be surrendered for registration of transfer or exchange and where notices and demands to
or upon the Company in respect of the Debt Securities and this Indenture may be served. If Debt Securities of a series are issuable
as Bearer Securities, the Company will maintain, subject to any laws or regulations applicable thereto, an office or agency in
a Place of Payment for such series which is located outside the United States where Debt Securities of such series and the related
coupons may be presented and surrendered for payment (including payment of any additional amounts payable on Debt Securities of
such series pursuant to Section 1004); provided, however, that if the Debt Securities of such series are listed on any stock
exchange located outside the United States and such stock exchange shall so require, the Company will maintain a Paying Agent in
any required city located outside the United States so long as the Debt Securities of such series are listed on such exchange.
The Company will give prompt written notice to the Trustee of the location, and any change in the location, of any such office
or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee
with the address thereof, such presentations, surrenders, notices or demands may be made or served at the Corporate Trust Office
of the Trustee, and the Company hereby appoints the Trustee its agent to receive all presentations, surrenders, notices and demands,
except that Bearer Securities of that series and the related coupons may be presented and surrendered for payment (including payment
of any additional amounts payable on Bearer Securities of that series pursuant to Section 1004) at the place specified for the
purpose pursuant to Section 301(5).

 

No payment of principal
of, premium or interest on Bearer Securities shall be made at any office or agency of the Company in the United States or by check
mailed to any address in the United States or by transfer to an account maintained with a bank located in the United States; provided,
however, payment of principal of and any premium and interest denominated in Dollars (including additional amounts payable
in respect thereof) on any Bearer Security may be made at an office or agency of, and designated by, the Company located in the
United States if (but only if) payment of the full amount of such principal, premium, interest or additional amounts in Dollars
at all offices outside the United States maintained for the purpose by the Company in accordance with this Indenture is illegal
or effectively precluded by exchange controls or other similar restrictions and the Trustee receives an Opinion of Counsel that
such payment within the United States is legal. Unless otherwise provided as contemplated by Section 301 with respect to any series
of Debt Securities, at the option of the Holder of any Bearer Security or related coupon, payment may be made by check in the currency
designated for such payment pursuant to the terms of such Bearer Security presented or mailed to an address outside the United
States or by transfer to an account in such currency maintained by the payee with a bank located outside the United States.

 

The Company may also
from time to time designate one or more other offices or agencies (in or outside of such Place of Payment) where the Debt Securities
of one or more series and any related coupons (subject to the preceding paragraph) may be presented or surrendered for any or all
such purposes, and may from time to time rescind such designations; provided, however, that no such designation or rescission
shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for any series
of Debt Securities for such purposes. The Company will give prompt written notice to the Trustee of any such designation and any
change in the location of any such other office or agency.

 

Section 1003.
Money for Debt Securities Payments to Be Held in Trust.

 

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

 

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

 

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

 

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

 

(2) give
the Trustee notice of any default by the Company (or any other obligor upon the Debt Securities of such series or any related coupons)
in the making of any payment of principal of (and premium, if any) or interest on the Debt Securities of such series or any related
coupons; and

 

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

 

The Company may at any
time, for the purpose of terminating its obligations under this Indenture with respect to Debt Securities of any series or for
any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company
or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company
or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further
liability with respect to such money.

 

Any principal and interest
received on the Eligible Instruments deposited with the Trustee or any money deposited with the Trustee or any Paying Agent, or
then held by the Company, in trust for the payment of the principal of (and premium, if any) or interest on any Debt Security of
any series or any related coupons or any money on deposit with the Trustee or any Paying Agent representing amounts deducted from
the Redemption Price or Repayment Price with respect to unmatured coupons not presented upon redemption or exercise of the Holder’s
option for repayment pursuant to Section 1106 or 1303 and remaining unclaimed for two years after such principal (and premium,
if any) or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company)
shall be discharged from such trust; and the Holder of such Debt Security or any coupon appertaining thereto shall thereafter,
as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying
Agent with respect to such trust money (including the principal and interest received on Eligible Instruments deposited with the
Trustee), and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee
or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published
once, in an Authorized Newspaper of general circulation in the [Borough of Manhattan, The City of New York], and each Place of
Payment or mailed to each such Holder, or both, notice that such money remains unclaimed and that, after a date specified therein,
which shall not be less than 30 days from the date of such publication or mailing, any unclaimed balance of such money then remaining
will be repaid to the Company.

 

Section 1004.
Payment of Additional Amounts.

 

If the Debt Securities
of a series provide for the payment of additional amounts, the Company will pay to the Holder of any Debt Security of any series
or any coupon appertaining thereto additional amounts upon the terms and subject to the conditions provided therein. Whenever in
this Indenture there is mentioned, in any context, the payment of the principal of (or premium, if any) or interest on, or in respect
of, any Debt Security of any series or any related coupon or the net proceeds received on the sale or exchange of any Debt Security
of any series, such mention shall be deemed to include mention of the payment of additional amounts provided for in the terms of
such Debt Securities and this Section to the extent that, in such context, additional amounts are, were or would be payable in
respect thereof pursuant to the provisions of this Section and express mention of the payment of additional amounts (if applicable)
in any provisions hereof shall not be construed as excluding additional amounts in those provisions hereof where such express mention
is not made.

 

If the Debt Securities
of a series provide for the payment of additional amounts, at least 10 days prior to the first Interest Payment Date with respect
to that series of Debt Securities (or if the Debt Securities of that series will not bear interest prior to Maturity, the first
day on which a payment of principal (and premium, if any) is made), and at least 10 days prior to each date of payment of principal
(and premium, if any) or interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’
Certificate, the Company will furnish the Trustee and the Company’s principal Paying Agent or Paying Agents, if other than
the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment
of principal of (and premium, if any) or interest on the Debt Securities of that series shall be made to Holders of Debt Securities
of that series or the related coupons who are United States Aliens without withholding for or on account of any tax, assessment
or other governmental charge described in the Debt Securities of that series. If any such withholding shall be required, then such
Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders
of Debt Securities or coupons and the Company will pay to the Trustee or such Paying Agent the additional amounts, if any, required
by the terms of such Debt Securities and the first paragraph of this Section. The Company covenants to indemnify the Trustee and
any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence
or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’
Certificate furnished pursuant to this Section.

 

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Section 1005. Officers’
Certificate as to Default.

 

The Company will deliver
to the Trustee, on or before a date not more than four months after the end of each fiscal year of the Company ending after the
date hereof, an Officers’ Certificate, stating whether or not to the best knowledge of the signers thereof the Company is
in default in the performance and observance of any of the terms, provisions and conditions of this Indenture, and, if the Company
shall be in default, specifying all such defaults and the nature thereof of which they may have knowledge.

 

Section 1006. Waiver
of Certain Covenants.

 

The Company may omit
in any particular instance to comply with any covenant or condition applicable to the Debt Securities of any series pursuant to
Section 301 unless such covenant or condition is determined pursuant to Section 301 not to be subject to this provision if, before
the time for such compliance the Holders of at least a majority in principal amount of all series of the Debt Securities at the
time Outstanding to which such covenant or condition applies shall, acting together as a class, by Act of such Holders, either
waive such compliance in such instance or generally waive compliance with such covenant or condition, but no such waiver shall
extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective,
the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full
force and effect.

 

ARTICLE ELEVEN

Redemption of Debt Securities

 

Section 1101.
Applicability of Article.

 

Debt Securities of any
series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise
specified as contemplated by Section 301 for Debt Securities of any series) in accordance with this Article.

 

Section 1102.
Election to Redeem; Notice to Trustee.

 

The election of the Company
to redeem any Debt Securities shall be evidenced by a Board Resolution. In case of any redemption at the election of the Company
of less than all of the Debt Securities of any series, the Company shall, at least 45 days prior to the Redemption Date fixed by
the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the
principal amount and the tenor and terms of the Debt Securities of any series to be redeemed. In the case of any redemption of
Debt Securities prior to the expiration of any restriction on such redemption provided in the terms of such Debt Securities or
elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with
such restriction.

 

Section 1103.
Selection by Trustee of Debt Securities to be Redeemed.

 

Except as otherwise specified
as contemplated by Section 301 for Debt Securities of any series, if less than all the Debt Securities of any series with like
tenor and terms are to be redeemed, the particular Debt Securities to be redeemed shall be selected not more than 60 days prior
to the Redemption Date by the Trustee, from the Outstanding Debt Securities of such series with like tenor and terms not previously
called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for
redemption of portions (equal to the minimum authorized denomination for Debt Securities of such series or any integral multiple
thereof which is also an authorized denomination) of the principal amount of Registered Securities or Bearer Securities (if issued
in more than one authorized denomination) of such series of a denomination larger than the minimum authorized denomination for
Debt Securities of such series.

 

The Trustee shall promptly
notify the Company in writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for
partial redemption, the principal amount thereof to be redeemed.

 

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For all purposes of this
Indenture, unless the context otherwise requires, all provisions relating to the redemption of Debt Securities shall relate, in
the case of any Debt Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Debt Security
which has been or is to be redeemed.

 

Section 1104.
Notice of Redemption.

 

Notice of redemption
shall be given in the manner provided in Section 106 not less than 30 nor more than 60 days prior to the Redemption Date, to each
Holder of Debt Securities to be redeemed.

 

All notices of redemption
shall state:

 

(1) the Redemption
Date;

 

(2) the Redemption
Price;

 

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

 

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

 

(5) the Place
or Places of Payment where such Debt Securities, together in the case of Bearer Securities with all coupons, if any, appertaining
thereto maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price;

 

(6) that
Bearer Securities may be surrendered for payment only at such place or places which are outside the United States, except as otherwise
provided in Section 1002;

 

(7) that
the redemption is for a sinking fund, if such is the case; and

 

(8) the CUSIP
number, if any.

 

A notice of redemption
published as contemplated by Section 106 need not identify particular Registered Securities to be redeemed.

 

Notice of redemption
of Debt Securities to be redeemed at the election of the Company shall be given by the Company, or, at the Company’s request,
by the Trustee in the name and at the expense of the Company.

 

Section 1105. Deposit
of Redemption Price.

 

On or prior to any
Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own
Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money and/or, to the extent the Debt
Securities to be redeemed are denominated and payable in Dollars only, Eligible Instruments the payments of principal and
interest on which when due (and without reinvestment and providing no tax liability will be imposed upon the Trustee or the
Holders of the Debt Securities to be redeemed) will provide money on or prior to the Redemption Date in such amounts as will
(together with any money irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay the
Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Debt
Securities or portions thereof which are to be redeemed on that date; provided, however, that deposits with respect to
Bearer Securities shall be made with a Paying Agent or Paying Agents located outside the United States except as otherwise
provided in Section 1002, unless otherwise specified as contemplated by Section 301.

 

Section 1106. Debt
Securities Payable on Redemption Date.

 

Notice of redemption
having been given as aforesaid, the Debt Securities to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified and from and after such date (unless the Company shall default in the payment of the Redemption
Price and accrued interest) such Debt Securities shall cease to bear interest and the coupons for such interest appertaining to
any Bearer Securities so to be redeemed, except to the extent provided below, shall be void. Upon surrender of any such Debt Security
for redemption in accordance with said notice, such Debt Security shall be paid by the Company at the Redemption Price, together
with accrued interest to the Redemption Date; provided, however, that installments of interest on Bearer Securities whose
Stated Maturity is on or prior to the Redemption Date shall be payable only upon presentation and surrender of coupons for such
interest (at an office or agency located outside the United States except as otherwise provided in Section 1002), and provided
further, that installments of interest on Registered Securities whose Stated Maturity is on or prior to the Redemption Date
shall be payable to the Holders of such Debt Securities, or one or more Predecessor Securities, registered as such on the relevant
Record Dates according to their terms and the provisions of Section 307.

 

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If any Bearer Security
surrendered for redemption shall not be accompanied by all related coupons maturing after the Redemption Date, such Bearer Security
may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing coupons, or the surrender
of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity
as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Bearer Security shall
surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made from
the Redemption Price, such Holder shall be entitled to receive the amount so deducted without interest thereon; provided, however,
that interest represented by coupons shall be payable only upon presentation and surrender of those coupons at an office or agency
located outside of the United States except as otherwise provided in Section 1002.

 

If any Debt Security
called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until
paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debt Security.

 

Section 1107.
Debt Securities Redeemed in Part.

 

Any Registered Security
which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company, the Security Registrar
or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company, the Security
Registrar and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall
execute, and the Trustee shall authenticate and deliver to the Holder of such Debt Security without service charge, a new Registered
Security or Registered Securities of the same series and of like tenor and terms, of any authorized denominations as requested
by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Debt Security
so surrendered.

 

ARTICLE TWELVE

Sinking Funds

 

Section 1201.
Applicability of Article.

 

The provisions of this
Article shall be applicable to any sinking fund for the retirement of Debt Securities of a series except as otherwise specified
as contemplated by Section 301 for Debt Securities of such series.

 

The minimum amount of
any sinking fund payment provided for by the terms of Debt Securities of any series is herein referred to as a “mandatory
sinking fund payment”, and any payment in excess of such minimum amount provided for by the term of Debt Securities of any
series is herein referred to as an “optional sinking fund payment”. If provided for by the terms of Debt Securities
of any series, the amount of any sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking fund
payment shall be applied to the redemption of Debt Securities of any series as provided for by the terms of Debt Securities of
such series.

 

Section 1202.
Satisfaction of Sinking Fund Payments with Debt Securities.

 

The Company (1) may deliver
Outstanding Debt Securities of a series (other than any previously called for redemption), together in the case of any Bearer Securities
of such series with all unmatured coupons appertaining thereto, and (2) may apply as a credit Debt Securities of a series which
have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application
of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all
or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the
terms of such Debt Securities as provided for by the terms of such series; provided that such Debt Securities have not been
previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the Redemption Price
specified in such Debt 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 Debt Securities in lieu of cash payments pursuant to
this Section 1202, the principal amount of Debt Securities to be redeemed in order to exhaust the aforesaid cash payment shall
be less than $100,000, the Trustee need not call Debt Securities for redemption, except upon Company Request, 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 at the request of the Company from time to time 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 Debt Securities purchased
by the Company having an unpaid principal amount equal to the cash payment requested to be released to the Company.

 

    44

     

    

 

Section 1203.
Redemption of Debt Securities for Sinking Fund.

 

Not less than 60 days
prior to each sinking fund payment date for any series of Debt Securities (unless a shorter period shall be satisfactory to the
Trustee), the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking
fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment
of cash, the portion thereof, if any, which is to be satisfied by crediting Debt Securities of that series pursuant to Section
1202 and the basis for any such credit and, prior to or concurrently with the delivery of such Officers’ Certificate, will
also deliver to the Trustee any Debt Securities to be so credited and not theretofore delivered to the Trustee. Not less than 30
days (unless a shorter period shall be satisfactory to the Trustee) before each such sinking fund payment date the Trustee shall
select the Debt Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause
notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section
1104. Such notice having been duly given, the redemption of such Debt Securities shall be made upon the terms and in the manner
stated in Sections 1105, 1106 and 1107.

 

ARTICLE THIRTEEN

Repayment at the Option of Holders

 

Section 1301.
Applicability of Article.

 

Debt Securities of any
series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in accordance with
their terms and (except as otherwise specified pursuant to Section 301 for Debt Securities of such series) in accordance with this
Article.

 

Section 1302.
Repayment of Debt Securities.

 

Each Debt Security which
is subject to repayment in whole or in part at the option of the Holder thereof on a Repayment Date shall be repaid at the applicable
Repayment Price together with interest accrued to such Repayment Date as specified pursuant to Section 301.

 

Section 1303.
Exercise of Option; Notice.

 

Each Holder
desiring to exercise such Holder’s option for repayment shall, as conditions to such repayment, surrender the Debt
Security to be repaid in whole or in part together with written notice of the exercise of such option at any office or agency
of the Company in a Place of Payment, not less than 30 nor more than 45 days prior to the Repayment Date; provided,
however, that surrender of Bearer Securities together with written notice of exercise of such option shall be made at an
office or agency located outside the United States except as otherwise provided in Section 1002. Such notice, which shall be
irrevocable, shall specify the principal amount of such Debt Security to be repaid, which shall be equal to the minimum
authorized denomination for such Debt Security or an integral multiple thereof, and shall identify the Debt Security to be
repaid and, in the case of a partial repayment of the Debt Security, shall specify the denomination or denominations of the
Debt Security or Debt Securities of the same series to be issued to the Holder for the portion of the principal of the Debt
Security surrendered which is not to be repaid.

 

    45

     

    

 

 

If any Bearer Security
surrendered for repayment shall not be accompanied by all unmatured coupons and all matured coupons in default, such Bearer Security
may be paid after deducting from the Repayment Price an amount equal to the face amount of all such missing coupons, or the surrender
of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity
as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Bearer Security shall
surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made from
the Repayment Price, such Holder shall be entitled to receive the amount so deducted without interest thereon; provided, however,
that interest represented by coupons shall be payable only at an office or agency located outside the United States except as otherwise
provided in Section 1002.

 

The Company shall execute
and the Trustee shall authenticate and deliver without service charge to the Holder of any Registered Security so surrendered a
new Registered Security or Securities of the same series, of any authorized denomination specified in the foregoing notice, in
an aggregate principal amount equal to any portion of the principal of the Registered Security so surrendered which is not to be
repaid.

 

The Company shall execute
and the Trustee shall authenticate and deliver without service charge to the Holder of any Bearer Security so surrendered a new
Registered Security or Securities or new Bearer Security or Securities (and all related unmatured coupons and matured coupons in
default) or any combination thereof of the same series of any authorized denomination or denominations specified in the foregoing
notice, in an aggregate principal amount equal to any portion of the principal of the Debt Security so surrendered which is not
to be paid; provided, however, that the issuance of a Registered Security therefor shall be subject to applicable laws and
regulations, including provisions of the United States Federal income tax laws and regulations in effect at the time of the exchange;
neither the Company, the Trustee nor the Security Registrar shall issue Registered Securities for Bearer Securities if it has received
an Opinion of Counsel that as a result of such issuance the Company would suffer adverse consequences under the United States Federal
income tax laws then in effect and the Company has delivered to the Trustee a Company Order directing the Trustee not to make such
issuances thereafter unless and until the Trustee receives a subsequent Company Order to the contrary. The Company shall deliver
copies of such Company Order to the Security Registrar.

 

For all purposes of this
Indenture, unless the context otherwise requires, all provisions relating to the repayment of Debt Securities shall relate, in
the case of any Debt Security repaid or to be repaid only in part, to the portion of the principal of such Debt Security which
has been or is to be repaid.

 

Section 1304. Election
of Repayment by Remarketing Entities.

 

The Company may elect,
with respect to Debt Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity,
at any time prior to any Repayment Date to designate one or more Remarketing Entities to purchase, at a price equal to the Repayment
Price, Debt Securities of such series from the Holders thereof who give notice and surrender their Debt Securities in accordance
with Section 1303.

 

Section 1305.
Securities Payable on the Repayment Date.

 

Notice of exercise of
the option of repayment having been given and the Debt Securities so to be repaid having been surrendered as aforesaid, such Debt
Securities shall, unless purchased in accordance with Section 1304, on the Repayment Date become due and payable at the price therein
specified and from and after the Repayment Date such Debt Securities shall cease to bear interest and shall be paid on the Repayment
Date, and the coupons for such interest appertaining to Bearer Securities so to be repaid, except to the extent provided above,
shall be void, unless the Company shall default in the payment of such price in which case the Company shall continue to be obligated
for the principal amount of such Debt Securities and shall be obligated to pay interest on such principal amount at the rate borne
by such Debt Securities from time to time until payment in full of such principal amount.

 

ARTICLE FOURTEEN

Meetings of Holders of Debt Securities

 

Section 1401.
Purposes for Which Meetings May Be Called.

 

If Debt Securities of
a series are issuable in whole or in part as Bearer Securities, a meeting of Holders of Debt Securities of such series may be called
at any time and from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction,
notice, consent, waiver or other Act provided by this Indenture to be made, given or taken by Holders of Debt Securities of such
series.

 

    46 

     

    

 

Section 1402.
Call, Notice and Place of Meetings.

 

(a) The Trustee may at
any time call a meeting of Holders of Debt Securities of any series issuable as Bearer Securities for any purpose specified in
Section 1401, to be held at such time and at such place in the [Borough of Manhattan, The City of New York, or in London] as the
Trustee shall determine. Notice of every meeting of Holders of Debt Securities of any series, setting forth the time and the place
of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in
Section 106, not less than 21 nor more than 180 days prior to the date fixed for the meeting.

 

(b) In case at any time
the Company, pursuant to a Board Resolution, or the Holders of at least 10% in principal amount of the Outstanding Debt Securities
of any series shall have requested the Trustee to call a meeting of the Holders of Debt Securities of such series for any purpose
specified in Section 1401, by written request setting forth in reasonable detail the action proposed to be taken at the meeting,
and the Trustee shall not have made the first publication of the notice of such meeting within 21 days after receipt of such request
or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Debt Securities
of such series in the amount above specified, as the case may be, may determine the time and the place in the [Borough of Manhattan,
The City of New York, or in London] for such meeting and may call such meeting for such purposes by giving notice thereof as provided
in subsection (a) of this Section.

 

Section 1403.
Persons Entitled to Vote at Meetings.

 

To be entitled to vote
at any meeting of Holders of Debt Securities of any series, a Person shall be (1) a Holder of one or more Outstanding Debt Securities
of such series, or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding
Debt Securities of such series by such Holder or Holders. The only Persons who shall be entitled to be present or to speak at any
meeting of Holders of Debt Securities of any series shall be the Persons entitled to vote at such meeting and their counsel, any
representatives of the Trustee and its counsel and any representatives of the Company and its counsel.

 

Section 1404. Quorum; Action.

 

The Persons entitled
to vote a majority in principal amount of the Outstanding Debt Securities of a series shall constitute a quorum for a meeting of
Holders of Debt Securities of such series. In the absence of a quorum within 30 minutes of the time appointed for any such meeting,
the meeting shall, if convened at the request of Holders of Debt Securities of such series, be dissolved. In the absence of a quorum
in any other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairperson of the meeting
prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may
be further adjourned for a period of not less than 10 days as determined by the chairperson of the meeting prior to the adjournment
of such adjourned meeting. Notice of this reconvening of any adjourned meeting shall be given as provided in Section 1402(a), except
that such notice need be given only once not less than five days prior to the date on which the meeting is scheduled to be reconvened.
Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount
of the Outstanding Debt Securities of such series which shall constitute a quorum.

 

Except as limited
by the proviso to Section 902, any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum
is present as aforesaid may be adopted only by the affirmative vote of the Holders of majority in principal amount of the
Outstanding Debt Securities of that series, provided however, that, except as limited by the proviso to Section 902,
any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other Act which this
Indenture expressly provides may be made, given or taken by the Holders of a specified percentage, which is less than a
majority, in principal amount of the Outstanding Debt Securities of a series may be adopted at a meeting or an adjourned
meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of such
specified percentage in principal amount of the Outstanding Debt Securities of that series. Any resolution passed or decision
taken at any meeting of Holders of Debt Securities of any series duly held in accordance with this Section shall be binding
on all the Holders of Debt Securities of such series and the related coupons, whether or not present or represented at the
meeting.

 

    47 

     

    

 

Section 1405.
Determination of Voting Rights; Conduct and Adjournment of Meetings.

 

(a) Notwithstanding any
other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of
Holders of Debt Securities of such series in regard to proof of the holding of Debt Securities of such series and of the appointment
of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates
and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate.
Except as otherwise permitted or required by any such regulations, the holding of Debt Securities shall be proved in the manner
specified in Section 104 and the appointment of any proxy shall be proved in the manner specified in Section 104 or, in the case
of Bearer Securities, by having the signature of the person executing the proxy witnessed or guaranteed by any trust company, bank
or banker authorized by Section 104 to certify to the holding of Bearer Securities. Such regulations may provide that written instruments
appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 104 or other
proof.

 

(b) The Trustee shall,
by an instrument in writing, appoint a temporary chairperson of the meeting, unless the meeting shall have been called by the Company
or by Holders of Debt Securities as provided in Section 1402(b), in which case the Company or the Holders of Debt Securities of
the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairperson. A permanent chairperson
and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount
of the Outstanding Debt Securities of such series represented at the meeting.

 

(c) At any meeting each
Holder of a Debt Security of such series or proxy shall be entitled to one vote for each $1,000 principal amount (or the equivalent
in Euro, any other composite currency or a Foreign Currency) of Debt Securities of such series held or represented by him; provided,
however, that no vote shall be cast or counted at any meeting in respect of any Debt Security challenged as not Outstanding
and ruled by the chairperson of the meeting not to be Outstanding. The chairperson of the meeting shall have no right to vote,
except as a Holder of a Debt Security of such series or proxy.

 

(d) Any meeting of Holders
of Debt Securities of any series duly called pursuant to Section 1402 at which a quorum is present may be adjourned from time to
time by Persons entitled to vote a majority in principal amount of the Outstanding Debt Securities of such series represented at
the meeting; and the meeting may be held as so adjourned without further notice.

 

Section 1406. Counting
Votes and Recording Action of Meetings.

 

The vote upon any resolution
submitted to any meeting of Holders of Debt Securities of any series shall be by written ballots on which shall be subscribed the
signatures of the Holders of Debt Securities of such series or of their representatives by proxy and the principal amounts and
serial numbers of the Outstanding Debt Securities of such series held or represented by them. The permanent chairperson of the
meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who
shall make and file with the secretary of the meeting their verified written reports in triplicate of all votes cast at the meeting.
A record, at least in triplicate, of the proceedings of each meeting of Holders of Debt Securities of any series shall be prepared
by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any
vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice
of the meeting and showing that said notice was given as provided in Section 1402 and, if applicable, Section 1401. Each copy shall
be signed and verified by the affidavits of the permanent chairperson and secretary of the meeting and one such copy shall be delivered
to the Company, and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted
at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated.

 

    48 

     

    

 

ARTICLE FIFTEEN

Defeasance

 

Section 1501.
Termination of Company’s Obligations.

 

If this Section 1501
is specified, as contemplated by Section 301, to be applicable to any series of Debt Securities and if the Company deposits irrevocably
in trust with the Trustee money and/or, to the extent such Debt Securities are denominated and payable in Dollars only, Eligible
Instruments the payments of principal and interest on which when due (and without reinvestment and providing no tax liability will
be imposed upon the Trustee or the Holders of such Debt Securities) will provide money in such amounts as will (together with any
money irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay the principal of (and premium,
if any) and any installment of principal of (and premium, if any) or interest when due on the Debt Securities of such series and
any coupons appertaining thereto and any mandatory sinking fund, repayment or analogous payments thereon on the scheduled due dates
therefor at the Stated Maturity thereof, the Company’s obligations under any covenant determined pursuant to Section 301
to be subject to this Section shall terminate with respect to the Debt Securities of the series for which such deposit was made;
provided, however, that (i) no Event of Default with respect to the Debt Securities of such series under Section 501(5)
or 501(6) or event that with notice or lapse of time or both would constitute such an Event of Default shall have occurred and
be continuing on such date, (ii) such deposit will not result in a breach 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, and (iii) such termination shall not
relieve the Company of its obligations under the Debt Securities of such series and this Indenture to pay when due the principal
of (and premium, if any) and interest and additional amounts on such Debt Securities and any coupons appertaining thereto if such
Debt Securities or coupons are not paid (or payment is not provided for) when due from the money and Eligible Instruments (and
the proceeds thereof) so deposited.

 

It shall be a condition
to the deposit of cash and/or Eligible Instruments and the termination of the Company’s obligations pursuant to the provisions
of this Section with respect to the Debt Securities of any series under any covenant determined pursuant to Section 301 to be subject
to this Section that the Company deliver to the Trustee (i) an Opinion of Counsel to the effect that: (a) Holders of Debt Securities
of such series and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as
a result of such deposit and termination and (b) such Holders (and future Holders) will be subject to tax in the same amount, manner
and timing as if such deposit and termination had not occurred, (ii) an Officers’ Certificate to the effect that under the
laws in effect on the date such money and/or Eligible Instruments are deposited with the Trustee, the amount thereof will be sufficient,
after payment of all Federal, state and local taxes in respect thereof payable by the Trustee, to pay principal (and premium, if
any) and interest when due on the Debt Securities of such series and any coupons appertaining thereto; and (iii) an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the defeasance
contemplated in this Section have been complied with.

 

It shall be an additional
condition to the deposit of cash and/or Eligible Instruments and the termination of the Company’s obligations pursuant to
the provisions of this Section under any covenant determined pursuant to Section 301 to be subject to this Section, with respect
to the Debt Securities of any series then listed, that the Company deliver an Opinion of Counsel that the Debt Securities of such
series will not be delisted as a result of such deposit and termination.

 

After a deposit as provided
herein, the Trustee shall, upon Company Request, acknowledge in writing the discharge of the Company’s obligations pursuant
to the provisions of this Section with respect to the Debt Securities of such series under any covenant determined pursuant to
Section 301 to be subject to this Section.

 

Section 1502. Repayment
to Company.

 

The Trustee and any Paying
Agent shall promptly pay to the Company upon Company Request any money or Eligible Instruments not required for the payment of
the principal of (and premium, if any) and interest on the Debt Securities of any series and any related coupons for which money
or Eligible Instruments have been deposited pursuant to Section 1501 held by them at any time.

 

The Trustee and any
Paying Agent shall promptly pay to the Company upon Company Request any money held by them for the payment of principal (and
premium, if any) and interest that remains unclaimed for two years after the Maturity of the Debt Securities for which a
deposit has been made pursuant to Section 1501. After such payment to the Company, the Holders of the Debt Securities of such
series and any related coupons shall thereafter, as unsecured general creditors, look only to the Company for the payment
thereof.

 

    49 

     

    

 

Section 1503.
Indemnity for Eligible Instruments.

 

The Company shall pay
and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the deposited Eligible Instruments
or the principal or interest received on such Eligible Instruments.

  

[Signature Page Follows]

 

    50 

     

    

 

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

 

	 	AUDIOEYE, INC.
	 	 
	 	By	
	 	 	Its	                               
	 	 	[_______________________]
	 	 	 
	 	By	 
	 	 	Its	 

 

[Signature Page
to Indenture]

 

     

     

    

 

EXHIBIT A-1

[Form of Certificate of Beneficial Ownership
by a

 

Non-United States Person or by Certain Other
Persons]

 

Certificate

 

AUDIOEYE, INC.

 

[Insert title or sufficient description
of

 

Debt Securities to be delivered]

 

Reference is hereby
made to the Indenture dated as of [_________________] (the “Indenture”) between AudioEye, Inc. and [______________]
(the “Trustee”), covering the above-captioned Debt Securities. This is to certify that as of the date hereof, _______________________
principal amount of Debt Securities credited to you for our account (i) is owned by persons that are not United States Persons,
as defined below; (ii) is owned by United States Persons that are (a) foreign branches of United States financial institutions
(as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v)) (“financial institutions”) purchasing for their
own account or for resale, or (b) United States Persons who acquired the Debt Securities through foreign branches of United States
financial institutions and who hold the Debt Securities through such United States financial institutions on the date hereof (and
in either case (a) or (b), each such United States financial institution encloses herewith a certificate in the form of Exhibit
A-2 to the Indenture); or (iii) is owned by United States or foreign financial institutions for purposes of resale during the restricted
period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), which United States or foreign financial institutions
described in clause (iii) above (whether or not also described in clause (i) or (ii)) certify that they have not acquired the Debt
Securities for purposes of resale directly or indirectly to a United States Person or to a person within the United States or its
possessions.

 

[Insert if certificate
does not relate to an interest payment--We undertake to advise you by tested telex followed by written confirmation if the above
statement as to beneficial ownership is not correct on the date of delivery of the above-captioned Debt Securities in bearer form
as to all of such Debt Securities with respect to such of said Debt Securities as then appear in your books as being held for our
account.] We understand that this certificate is required in connection with United States tax laws. We irrevocably authorize you
to produce this certificate or a copy hereof to any interested party in any administrative or legal proceedings with respect to
the matters covered by this certificate. “United States Person” shall mean a citizen or resident of the United States
of America (including the District of Columbia), a corporation, partnership or other entity created or organized in or under the
laws of the United States or any political subdivision thereof or an estate or trust that is subject to United States Federal income
taxation regardless of the source of its income.

 

[This certificate excepts
and does not relate to principal amount of Debt Securities credited to you for our account and to which we are not now able to
make the certification set forth above. We understand that definitive Debt Securities cannot be delivered and interest cannot be
paid until we are able to so certify with respect to such principal amount of Debt Securities.]*

 

	Dated:	              	 	 
	[To be dated on or after _______________ (the date determined as provided in the Indenture)]	 	 
	 	 	 	 
	 	 	[Name of Person Entitled to Receive Bearer Security]
	 	 	(Authorized Signatory)
	 	 	Name:	 
	 	 	Title:	 

*Delete if inappropriate

 

     

     

    

 

EXHIBIT A-2

 

[Form of Certificate of Status as a

 

Foreign Branch of a United States Financial
Institution]

 

Certificate

 

AUDIOEYE, INC.

 

[Insert title or sufficient description
of

 

Debt Securities to be delivered]

 

Reference is hereby
made to the Indenture dated as of [________________] (the “Indenture”), between AudioEye, Inc. and [__________________],
relating to the offering of the above-captioned Debt Securities (the “Debt Securities”). Unless herein defined, terms
used herein have the same meaning as given to them in the Indenture.

 

The undersigned represents
that it is a branch located outside the United States of a United States securities clearing organization, bank or other financial
institution (as defined in U.S. Treasury Regulation Section 1.165-12(c)(1)(v)) that holds customers’ securities in the ordinary
course of its trade or business and agrees, and authorizes you to advise the issuer or the issuer’s agent, that it will comply
with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986 and the regulations thereunder and
is not purchasing for resale directly or indirectly to a United States Person or to a person within the United States or its possessions.
We undertake to advise you by tested telex followed by written confirmation if the statement in the immediately preceding sentence
is not correct on the date of delivery of the above-captioned Debt Securities in bearer form.

 

We understand that
this certificate is required in connection with the United States tax laws. We irrevocably authorize you to produce this certificate
or a copy hereof to any interested party in any administrative or legal proceedings with respect to the matters covered by this
certificate.

 

	Dated:	               	 	 
	[To be dated on or after _______________ (the date determined as provided in the Indenture)]	 	 
	 	 	[Name of Person Entitled to Receive Bearer Security]
	 	 	(Authorized Signatory)
	 	 	Name:	 
	 	 	Title:	 

 

     

     

    

  

EXHIBIT B

 

[Form of Certificate to be Given by Euroclear
and Clearstream

 

in Connection with the Exchange of All or
a Portion of a

 

Temporary Global Security or to Obtain

 

Interest Prior to Exchange]

 

Certificate

 

AUDIOEYE, INC.

 

[Insert title or sufficient description
of Debt Securities to be delivered]

 

We refer to that portion,
, of the Global Security representing the above-captioned issue [which is herewith submitted to be exchanged for definitive Debt
Securities]* [for which we are seeking to obtain payment of interest]* (the “Submitted Portion”). This is to certify,
pursuant to the Indenture dated as of [_______________] (the “Indenture”) between AudioEye, Inc. and [__________________]
(the “Trustee”), that we have received in writing, by tested telex or by electronic transmission from member organizations
with respect to each of the persons appearing in our records as being entitled to a beneficial interest in the Submitted Portion
a Certificate of Beneficial Ownership by a Non-United States Person or by Certain Other Persons [and, in some cases, a Certificate
of Status as a Foreign Branch of a United States Financial Institution, authorizing us to inform the issuer or the issuer’s
agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986 and the
regulations thereunder]* substantially in the form of Exhibit A-1 [and A-2]* to the Indenture.

 

We hereby request that
you deliver to the office of _________________________ in ______________________ definitive Bearer Securities in the denominations
on the attached Schedule A.

 

We further certify
that as of the date hereof we have not received any notification from any of the persons giving such certificates to the effect
that the statements made by them with respect to any part of the Submitted Portion are no longer true and cannot be relied on as
of the date hereof.

 

	Dated:	 	 
	 	 	 
	 	 	[ __ , as
	 	 	Operator of the Euroclear System] [Clearstream]
	 	 	 	 
	 	 	By:	    

*Delete if inappropriate.EXHIBIT 4.4

 

AUDIOEYE, INC.

 

TO

 

[___________________]

 

Trustee

 

________________

 

INDENTURE

 

Dated as of [__________]

 

________________

 

Subordinated Debt Securities

 

    -i-

     

    

 

AudioEye, Inc.

Reconciliation and tie between Trust
Indenture Act of 1939 and

Indenture, dated as of [_____________]

 

	Trust Indenture Act Section	Indenture Section
	§310(a)(1)	609
	(a)(2)	609
	(a)(3)	Not Applicable
	(a)(4)	Not Applicable
	(a)(5)	609
	(b)	608, 610
	§311(a)	613
	(b)	613
	§312(a)	701, 702(a)
	(b)	702(b)
	(c)	702(c)
	§313(a)	703(a)
	(b)	703(a)
	(c)	703(a)
	(d)	703(b)
	§314(a)	704, 1005
	(b)	Not Applicable
	(c)(1)	102
	(c)(2)	102
	(c)(3)	Not Applicable
	(d)	Not Applicable
	(e)	102
	§315(a)	601
	(b)	602
	(c)	601
	(d)	601
	(e)	514
	§316(a)	101
	(a)(1)(A)	104(h), 502,
	 	512
	(a)(1)(B)	104(h), 513
	(a)(2)	Not Applicable
	(b)	508
	(c)	104(h)
	§317(a)(1)	503
	(a)(2)	504
	(b)	1003
	§318(a)	107
	(c)	107

 

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

 

    -ii-

     

    

 

TABLE OF CONTENTS

 

Page

 

	ARTICLE ONE  Definitions and Other Provisions of General Application	1
	Section 101.  Definitions	1
	Section 102.  Compliance Certificates and Opinions	7
	Section 103.  Form of Documents Delivered to Trustee	7
	Section 104.  Acts of Holders	8
	Section 105.  Notices, etc., to Trustee and Company	9
	Section 106.  Notice to Holders; Waiver	9
	Section 107.  Conflict with Trust Indenture Act	10
	Section 108.  Effect of Headings and Table of Contents	10
	Section 109.  Successors and Assigns	10
	Section 110.  Separability Clause	10
	Section 111.  Benefits of Indenture	10
	Section 112.  Governing Law	10
	Section 113.  Legal Holidays	10
	Section 114.  Counterparts	10
	Section 115.  Exemption from Individual Liability	10
	ARTICLE TWO Debt Security Forms	11
	Section 201.  Forms Generally	11
	Section 202.  Form of Trustee’s Certificate of Authentication	11
	Section 203.  Debt Securities in Global Form	11
	ARTICLE THREE	12
	Section 302.  Denominations	14
	Section. 303.  Execution, Authentication, Delivery and Dating	14
	Section 304.  Temporary Debt Securities	16
	Section 305.  Registration; Registration of Transfer and Exchange	17
	Section 307.  Payment of Interest; Interest Rights Preserved	20
	Section 308.  Persons Deemed Owners	22
	Section 309.  Cancellation	22
	Section 310.  Computation of Interest	22
	Section 311.  Certification by a Person Entitled to Delivery of a Bearer Security	22
	312.  Judgments	22
	ARTICLE FOUR Satisfaction and Discharge	23
	Section 401.  Satisfaction and Discharge of Indenture	23
	Section 402.  Application of Trust Money and Eligible Instruments	24
	Section 403.  Satisfaction, Discharge and Defeasance of Debt Securities of any Series	24

 

    -i-

     

    

 

	ARTICLE FIVE Remedies	26
	Section 501.  Events of Default	26
	Section 502.  Acceleration of Maturity; Rescission and Annulment	27
	Section 503.  Collection of Indebtedness and Suits for Enforcement by Trustee	27
	Section 504.  Trustee May File Proofs of Claim	28
	Section 505.  Trustee May Enforce Claims without Possession of Debt Securities or Coupons	28
	Section 506.  Application of Money Collected	28
	Section 507.  Limitation on Suits	29
	Section 508.  Unconditional Right of Holders to Receive Principal, Premium and Interest	29
	Section 509.  Restoration of Rights and Remedies	29
	Section 510.  Rights and Remedies Cumulative	29
	Section 511.  Delay or Omission Not Waiver	30
	Section 512.  Control by Holders of Debt Securities	30
	Section 513.  Waiver of Past Defaults	30
	Section 514.  Undertaking for Costs	30
	Section 515.  Waiver of Stay or Extension Laws	30
	ARTICLE SIX The Trustee	31
	Section 601.  Certain Duties and Responsibilities	31
	Section 602.  Notice of Default	31
	Section 603.  Certain Rights of Trustee	32
	Section 604.  Not Responsible for Recitals or Issuance of Debt Securities	32
	Section 605.  May Hold Debt Securities or Coupons	32
	Section 606.  Money Held in Trust	33
	Section 607.  Compensation and Reimbursement	33
	Section 608.  Disqualification; Conflicting Interests	33
	Section 609.  Corporate Trustee Required; Eligibility	33
	Section 610.  Resignation and Removal; Appointment of Successor	34
	Section 611.  Acceptance of Appointment by Successor	35
	Section 612.  Merger, Conversion, Consolidation or Succession to Business	35
	Section 613.  Preferential Collection of Claims Against Company	36
	Section 614.  Authenticating Agent.	36
	ARTICLE SEVEN Holders’ Lists and Reports By Trustee and Company	37
	Section 701.  Company to Furnish Trustee Names and Addresses of Holders	37
	Section 702.  Preservation of Information; Communications to Holders	37
	Section 703.  Reports by Trustee	37
	Section 704.  Reports by Company	37

 

    -ii-

     

    

 

	ARTICLE EIGHT Consolidation, Merger, Conveyance, Transfer or Lease	38
	Section 801.  Company May Consolidate, etc. Only on Certain Terms	38
	Section 802.  Successor Corporation Substituted	38
	ARTICLE NINE Supplemental Indentures	38
	Section 901.  Supplemental Indentures without Consent of Holders	38
	Section 902.  Supplemental Indentures with Consent of Holders	39
	Section 903.  Execution of Supplemental Indentures	40
	Section 904.  Effect of Supplemental Indentures	40
	Section 905.  Conformity with Trust Indenture Act	40
	Section 906.  Reference in Debt Securities to Supplemental Indentures	40
	ARTICLE TEN Covenants	41
	Section 1001.  Payment of Principal, Premium and Interest	41
	Section 1002.  Maintenance of Office or Agency	41
	Section 1003.  Money for Debt Securities Payments to Be Held in Trust	41
	Section 1004.  Payment of Additional Amounts	42
	Section 1005.  Officers’ Certificate as to Default	43
	Section 1006.  Waiver of Certain Covenants	43
	ARTICLE ELEVEN Redemption of Debt Securities	43
	Section 1101.  Applicability of Article	43
	Section 1102.  Election to Redeem; Notice to Trustee	43
	Section 1103.  Selection by Trustee of Debt Securities to be Redeemed	44
	Section 1104.  Notice of Redemption	44
	Section 1105.  Deposit of Redemption Price	44
	Section 1106.  Debt Securities Payable on Redemption Date	45
	Section 1107.  Debt Securities Redeemed in Part	45
	ARTICLE TWELVE Sinking Funds	45
	Section 1201.  Applicability of Article	45
	Section 1202.  Satisfaction of Sinking Fund Payments with Debt Securities	46
	Section 1203.  Redemption of Debt Securities for Sinking Fund	46
	ARTICLE THIRTEEN Repayment at the Option of Holders	46
	Section 1301.  Applicability of Article	46
	Section 1302.  Repayment of Debt Securities	46
	Section 1303.  Exercise of Option; Notice	46
	Section 1304.  Election of Repayment by Remarketing Entities	47
	Section 1305.  Securities Payable on the Repayment Date	47

 

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	ARTICLE FOURTEEN Meetings of Holders of Debt Securities	48
	Section 1401.  Purposes for Which Meetings May Be Called	48
	Section 1402.  Call, Notice and Place of Meetings	48
	Section 1403.  Persons Entitled to Vote at Meetings	48
	Section 1404.  Quorum; Action	48
	Section 1405.  Determination of Voting Rights; Conduct and Adjournment of Meetings	49
	Section 1406.  Counting Votes and Recording Action of Meetings	49
	ARTICLE FIFTEEN Defeasance	50
	Section 1501.  Termination of Company’s Obligations	50
	Section 1502.  Repayment to Company	50
	Section 1503.  Indemnity for Eligible Instruments	50
	ARTICLE SIXTEEN Subordination of Debt Securities	51
	Section 1601.  Debt Securities Subordinate to Senior Debt	51
	Section 1602.  Trustee and Holders of Debt Securities May Rely on Certificate of Liquidating Agent; Trustee May Require Further

                                                                           Evidence as to Ownership of Senior Debt; Trustee Not Fiduciary to Holders of Senior Debt
	52
	Section 1603.  Payment Permitted If No Default	52
	Section 1604.  Trustee Not Charged with Knowledge of Prohibition	53
	Section 1605.  Trustee to Effectuate Subordination	53
	Section 1606.  Rights of Trustee as Holder of Senior Debt	53
	Section 1607.  Article Applicable to Paying Agents	53
	Section 1608.  Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt	53

 

	EXHIBITS	 
	 	 
	Exhibit A-1	 
	Exhibit A-2	 
	Exhibit B	 

 

    -iv-

     

    

 

 

INDENTURE (the “Indenture”)
dated as of [_______________], between AudioEye, Inc., a Delaware corporation (hereinafter called the “Company”), having
its principal place of business at 5210 E. Williams Circle, Suite 750, Tucson, Arizona, 85711, and [_________________], (hereinafter
called the “Trustee”), a national banking association duly organized and validly existing under the laws of the United
States of America having its Corporate Trust Office at [_______________________________].

 

RECITALS OF THE COMPANY

 

The Company has duly
authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its subordinated debentures,
notes, bonds and other evidences of indebtedness (herein called the “Debt Securities”).

 

All things necessary
have been done to make this Indenture a valid agreement of the Company, in accordance with its terms.

 

NOW, THEREFORE, THIS
INDENTURE WITNESSETH:

 

For and in consideration
of the premises and the purchase of the Debt Securities of any series created and issued on or after the date hereof by the Holders
thereof, it is mutually covenanted and agreed for the benefit of all Holders of such Debt Securities or of any such series, as
follows:

 

ARTICLE ONE

Definitions and Other Provisions

of General Application

 

Section 101. Definitions.

 

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

 

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

 

(2) all other
terms used herein which are defined in the Trust Indenture Act or by Commission rule or regulation under the Trust Indenture Act,
either directly or by reference therein, as in force at the date as of which this instrument was executed, except as provided in
Section 905, have the meanings assigned to them therein;

 

(3) all accounting
terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles,
and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect
to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the United
States at the date of such computation; and

 

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

 

Certain terms, used principally
in Article Six, are defined in that Article.

 

“Act” when
used with respect to any Holder has the meaning specified in Section 104.

 

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

 

“Authorized Newspaper”
means a newspaper in an official language of the country of publication or in the English language customarily published on each
Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in the place in connection
with which the term is used or in the financial community of such place. Where successive publications are required to be made
in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting
the foregoing requirements and in each case on any Business Day.

 

    1

     

    

 

“Bankruptcy Law”
means Title 11 of the United States Code (or any successor thereto) or any similar federal or state law for the relief of debtors.

 

“Bearer Security”
means any Debt Security established pursuant to Section 201 which is payable to bearer including, without limitation, unless the
context otherwise indicates, a Debt Security in global bearer form.

 

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

 

“Board Resolution”
means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the
Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. Where any
provision of this Indenture refers to action to be taken pursuant to a Board Resolution (including the establishment of any series
of the Debt Securities and the forms and terms thereof), such action may be taken by any committee of the Board of the Company
or any officer or employee of the Company authorized to take such action by a Board Resolution.

 

“Business Day”,
when used with respect to any Place of Payment, means any day which is not a Saturday or Sunday and which is not a legal holiday
or a day on which banking institutions or trust companies in that Place of Payment are authorized or obligated by law or executive
order to close.

 

“Capital Stock”
of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of
or interests in (however designated) equity of such Person, but excluding any debt securities convertible into such equity.

 

“Clearstream ”
means Clearstream Banking S.A.

 

“Commission”
means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or if at any time
after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust
Indenture Act, then the body performing such duties on such date.

 

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

 

“Company Request”
and “Company Order” mean, respectively, except as otherwise provided in this Indenture, a written request or order
signed in the name of the Company by the Chairman of the Board, a Vice Chairman of the Board, the President or a Vice President
(any references to a Vice President of the Company herein shall be deemed to include any Vice President of the Company whether
or not designated by a number or word or words added before or after the title “Vice President”), the Treasurer, an
Assistant Treasurer, the Controller, an Assistant Controller, Secretary or an Assistant Secretary of the Company or by another
officer of the Company duly authorized to sign by a Board Resolution, and delivered to the Trustee.

 

“Corporate Trust
Office” means the principal office of the Trustee at which at any particular time its corporate trust business shall be administered,
which office at the date of original execution of this Indenture is located at [__________________________].

 

The term “corporation”
includes corporations, associations, companies and business trusts.

 

The term “coupon”
means any interest coupon appertaining to a Bearer Security.

 

“Debt Securities”
has the meaning stated in the first recital of this Indenture and more particularly means any Debt Securities authenticated and
delivered under this Indenture.

 

“Defaulted Interest”
has the meaning specified in Section 307.

 

“Depositary”
means, with respect to the Debt Securities of any series issuable or issued in the form of a Global Security, the Person designated
as Depositary by the Company pursuant to Section 301 until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include each person who is then a Depositary
hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Debt Securities
of any such series shall mean the Depositary with respect to the Debt Securities of that series.

 

“Designated Currency”
has the meaning specified in Section 312.

 

    2

     

    

 

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

 

“Eligible Instruments”
means monetary assets, money market instruments and securities that are payable in Dollars only and essentially risk free as to
collection of principal and interest, including U.S. Government Obligations.

 

“Euro” means
the single currency of the European Monetary Union as defined under EC Regulation 1103/97 adopted under Article 235 of the EU Treaty
and under EC Regulation 974/98 adopted under Article 109l(4) of the EU Treaty or under any successor European legislation from
time to time.

 

“Euroclear”
means Euroclear Bank S.A./N.V., as operator of the Euroclear System.

 

“Event of Default”
has the meaning specified in Section 501.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Exchange Rate”
shall have the meaning specified as contemplated in Section 301.

 

“Exchange Rate
Agent” shall have the meaning specified as contemplated in Section 301.

 

“Exchange Rate
Officer’s Certificate”, with respect to any date for the payment of principal of (and premium, if any) and interest
on any series of Debt Securities, means a certificate setting forth the applicable Exchange Rate and the amounts payable in Dollars
and Foreign Currencies in respect of the principal of (and premium, if any) and interest on Debt Securities denominated in Euro,
any other composite currency or Foreign Currency, and signed by the Chairman of the Board, a Vice Chairman of the Board, the President,
a Vice President, the Treasurer or any Assistant Treasurer of the Company or the Exchange Rate Agent appointed pursuant to Section
301, and delivered to the Trustee.

 

“Foreign Currency”
means a currency issued by the government of any country other than the United States of America.

 

“GAAP” means
generally accepted accounting principles in the United States as used by the Financial Accounting Standards Board and/or the American
Institute of Certified Public Accountants, consistently applied.

 

“Global Exchange
Agent” has the meaning specified in Section 304.

 

“Global Exchange
Date” has the meaning specified in Section 304.

 

“Global Security”
means a Debt Security issued to evidence all or part of a series of Debt Securities in accordance with Section 303.

 

“Holder”,
with respect to a Registered Security, means a Person in whose name such Registered Security is registered in the Security Register
and, with respect to a Bearer Security or a coupon, means the bearer thereof.

 

“Indebtedness”
means, with respect to any specified Person, all obligations of such Person, whether or not contingent:

 

(i)(a)
for borrowed money (including, but not limited to, any indebtedness secured by a security interest, mortgage or other lien on
the assets of such Person that is (1) given to secure all or part of the purchase price of property subject thereto, whether
given to the vendor of such property or to another, or (2) existing on property at the time of acquisition thereof), (b)
evidenced by a note, debenture, bond or other similar written instrument, (c) under a lease required to be capitalized on the
balance sheet of the lessee under GAAP, or under any lease or related document (including a purchase agreement) that provides
that such Person is contractually obligated to purchase or cause a third party to purchase and thereby guarantee a minimum
residual value of the lease property to the lessor and such Person’s obligations under such lease or related document
to purchase or to cause a third party to purchase such leased property, (d) in respect of letters of credit, bank guarantees
or bankers’ acceptances (including reimbursement obligations with respect to any of the foregoing), (e) obligations
secured by a mortgage, pledge, lien, charge or similar encumbrance to which the property or assets of such Person are
subject, whether or not the obligation secured thereby shall have been assumed by or shall otherwise be such Person’s
legal liability, (f) in respect of the balance of deferred and unpaid purchase price of any property or assets, and (g) under
interest rate or currency swap agreements, cap, floor and collar agreements, spot and forward contracts and similar
agreements and arrangements;

 

(ii) with
respect to any obligation of others of the type described in the preceding clause (i) or under clause (iii) below assumed by or
guaranteed in any manner by such Person (including, without limitation, through “take or pay” and similar arrangements),
contingent or otherwise (and the obligations of such Person under any such assumptions, guarantees or other such arrangements);
and

 

(iii) any
and all deferrals, renewals, extensions, refinancing and refunding of, or amendments, modifications or supplements to, any of the
foregoing.

 

The amount of any Indebtedness outstanding
as of any date shall be (i) the accreted value thereof, in the case of any Indebtedness issued with original issue discount; and
(ii) the principal amount thereof, together with any interest thereon that is more than 30 days past due, in the case of any other
Indebtedness.

 

    3

     

    

 

“Indenture”
means this instrument as originally executed or as it may from time to time be supplemented, amended or restated by or pursuant
to one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and, unless the context
otherwise requires, shall include the terms of a particular series of Debt Securities established as contemplated by Section 301.

 

The term “interest”,
when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest
payable after Maturity.

 

“Interest Payment
Date”, with respect to any Debt Security, means the Stated Maturity of an installment of interest on such Debt Security.

 

“Maturity”,
when used with respect to any Debt Security, means the date on which the principal of such Debt Security becomes due and payable
as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption, repayment
at the option of the Holder or otherwise.

 

“Officers’
Certificate” means a certificate signed by the Chairman of the Board, a Vice Chairman of the Board, the President or a Vice
President, and by the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary or an Assistant
Secretary of the Company, and delivered to the Trustee.

 

“Opinion of Counsel”
means a written opinion of counsel, who may (except as otherwise expressly provided in this Indenture) be an employee of or counsel
for the Company, or who may be other counsel, which is delivered to the Trustee.

 

“Original Issue
Discount Security” means any Debt Security which provides for an amount less than the principal amount thereof to be due
and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502.

 

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

 

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

 

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

 

(iii) Debt
Securities in exchange for or in lieu of which other Debt Securities have been authenticated and delivered, or which have been
paid, pursuant to this Indenture;

 

provided, however, that in determining
whether the Holders of the requisite principal amount of Debt Securities Outstanding have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, Debt Securities owned by the Company or any other obligor upon the Debt Securities
or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in
determining whether the Trustee shall be protected in relying upon such request, demand, authorization, direction, notice, consent
or waiver, only Debt Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded.

 

    4

     

    

 

Debt Securities so owned which have been
pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s
right so to act with respect to such Debt Securities and that the pledgee is not the Company or any other obligor upon the Debt
Securities or any Affiliate of the Company or of such other obligor.

 

“Paying Agent”
means any Person authorized by the Company to pay the principal of (and premium, if any) or interest on any Debt Securities on
behalf of the Company.

 

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

 

“Place of Payment”,
when used with respect to the Debt Securities of any series means any place where the principal of (and premium, if any) and interest
on the Debt Securities of that series are payable as specified as contemplated by Section 301.

 

“Predecessor Security”
of any particular Debt Security means every previous Debt Security evidencing all or a portion of the same debt as that evidenced
by such particular Debt Security; and, for the purposes of this definition, any Debt Security authenticated and delivered under
Section 306 in lieu of a lost, destroyed or stolen Debt Security shall be deemed to evidence the same debt as the lost, destroyed
or stolen Debt Security.

 

“ranking junior
to the Debt Securities”, when used with respect to any obligation of the Company shall mean any obligation of the Company
which (a) ranks junior to and not equally with or prior to the Debt Securities (or any other obligations of the Company ranking
on a parity with the Debt Securities) in right of payment upon the happening of any event of the kind specified in the first sentence
of the second paragraph in Section 1601 or (b) is specifically designated as ranking junior to the Debt Securities by express provision
in the instrument creating or evidencing such obligation. The securing of any obligations of the Company, otherwise ranking junior
to the Debt Securities, shall be deemed to prevent such obligations from constituting obligations ranking junior to the Debt Securities.

 

“ranking on a parity
with the Debt Securities”, when used with respect to any obligation of the Company shall mean any obligation of the Company
which (a) ranks equally with and not prior to the Debt Securities in right of payment upon the happening of any event of the kind
specified in the first sentence of the second paragraph in Section 1601 or (b) is specifically designated as ranking on a parity
with the Debt Securities by express provision in the instrument creating or evidencing such obligation. The securing of any obligations
of the Company, otherwise ranking on a parity with the Debt Securities, shall not be deemed to prevent such obligations from constituting
obligations ranking on a parity with the Debt Securities.

 

“Redemption Date”,
when used with respect to any Debt Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture.

 

“Redemption Price”,
when used with respect to any Debt Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture.

 

“Registered Security”
means any Debt Security in the form of Registered Securities established pursuant to Section 201 which is registered in the Security
Register.

 

“Regular Record
Date” for the interest payable on any Interest Payment Date on the Registered Securities of any series means the date specified
for that purpose as contemplated by Section 301.

 

“Remarketing Entity”,
when used with respect to Debt Securities of any series which are repayable at the option of the Holders thereof before their Stated
Maturity, means any person designated by the Company to purchase any such Debt Securities.

 

“Repayment Date”,
when used with respect to any Debt Security to be repaid upon exercise of an option for repayment by the Holder, means the date
fixed for such repayment pursuant to this Indenture.

 

“Repayment Price”,
when used with respect to any Debt Security to be repaid upon exercise of an option for repayment by the Holder, means the price
at which it is to be repaid pursuant to this Indenture.

 

“Responsible
Officer” when used with respect to the Trustee, means any vice president, any assistant vice president, any senior
trust officer or assistant trust officer, any trust officer, or any other officer associated with the corporate trust
department of the Trustee customarily performing functions similar to those performed by any of the above designated officers
and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred
because of such person’s knowledge of and familiarity with the particular subject.

 

    5

     

    

 

“Security Register”
and “Security Registrar” have the respective meanings specified in Section 305.

 

“Senior Debt”
means the principal of, premium, if any, and interest on, rent under, and any other amounts payable on or in respect of any Indebtedness
of the Company (including, without limitation, any principal, interest, penalties, fees, indemnifications, reimbursements, damages
and other liabilities payable under the documentation governing any Indebtedness in respect of such Indebtedness and any interest
accruing after the filing of a petition by or against the Company under any Bankruptcy Law, whether or not allowed as a claim after
such filing in any proceeding under such Bankruptcy Law), whether outstanding on the date of this Indenture or thereafter created,
incurred, assumed, guaranteed or in effect guaranteed by the Company (including all deferrals, renewals, extensions, refinancing
or refunding of, or amendments, modifications or supplements to the foregoing); provided, however, that Senior Debt does
not include:

 

(i) any liability
for Federal, state, local or other taxes owed or owing by the Company;

 

(ii) Indebtedness
of the Company to any Subsidiary of the Company;

 

(iii) trade
payables and accrued expenses (including, without limitation, accrued compensation) of the Company for goods, services or materials
purchased or provided in the ordinary course of business, and

 

(iv) any
particular Indebtedness in which the instrument creating or evidencing the same expressly provides that such Indebtedness shall
not be senior in right of payment to, or is pari passu with, or is subordinated or junior to, the Debt Securities.

 

“Special Record
Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307.

 

“Stated Maturity,”
when used with respect to any Debt Security or any installment of interest thereon, means the date specified in such Debt Security
or a coupon representing such installment of interest as the fixed date on which the principal of such Debt Security or such installment
is due and payable.

 

“Subsidiary”
means, in respect of any Person, any corporation, association, partnership 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 within the control
of such Person to satisfy) to vote in the election of directors, managers, general partners or trustees thereof is at the time
owned or controlled, directly or indirectly, by (i) such Person, (ii) such Person and one or more Subsidiaries of such Person,
or (iii) one or more Subsidiaries of such Person.

 

“Trust Indenture
Act” means the Trust Indenture Act of 1939, as amended, as in force at the date as of which this instrument was executed,
except as provided in Section 905.

 

“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 Debt Securities of any series shall mean the Trustee with respect to Debt Securities of that series.

 

“United States”
means the United States of America (including the District of Columbia) and its possessions.

 

“United States
Alien” means any Person who, for United States Federal income tax purposes, is a foreign corporation, a non-resident alien
individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one or more of the members of
which is, for United States Federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident
alien fiduciary of a foreign estate or trust.

 

“U.S.
Government Obligations” means direct obligations of the United States for the payment of which its full faith and
credit is pledged, or obligations of a person controlled or supervised by and acting as an agency or instrumentality of the
United States the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United
States, and shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act of
1933, as amended) as custodian with respect to any such U.S. Government Obligation or a specific payment of principal of or
interest on any such U.S. Government Obligation held by such custodian for the account of the holder of such depository
receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the
amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S.
Government Obligation or the specific payment of principal of or interest on the U.S. Government Obligation evidenced by such
depository receipt.

 

    6

     

    

 

Section 102. Compliance
Certificates and Opinions.

 

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

 

Every certificate or
opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include:

 

(1) a statement
that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating
thereto;

 

(2) 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;

 

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

 

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

 

Section 103. Form
of Documents Delivered to Trustee.

 

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

 

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

 

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

 

    7

     

    

 

Section 104. Acts
of Holders.

 

(a) Any request,
demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by
Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in
person or by an agent duly appointed in writing. If Debt Securities of a series are issuable in whole or in part as Bearer
Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture
to be given or taken by Holders may, alternatively, be embodied in and evidenced by the record of Holders of Debt Securities
voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders of Debt
Securities duly called and held in accordance with the provisions of Article Fourteen, or a combination of such instruments
and any such record. Except as herein otherwise expressly provided, such action shall become effective when such instrument
or instruments or record or both are delivered to the Trustee, and, where it is hereby expressly required, to the Company.
Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein
sometimes referred to as the “Act” of the Holders signing such instrument or instruments and so voting at any
such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or the holding by any
Person of a Debt Security, shall be sufficient for any purpose of this Indenture and (subject to Section 601) conclusive in
favor of the Trustee and the Company, if made in the manner provided in this Section. The record of any meeting of Holders of
Debt Securities shall be proved in the manner provided in Section 1406.

 

(b) The fact and date
of the execution by any Person of any such instrument or writing may be proved in any manner which the Trustee deems sufficient.

 

(c) The ownership of
Registered Securities shall be proved by the Security Register.

 

(d) The principal amount
and serial numbers of Bearer Securities held by any Person, and the date of holding the same, may be proved by the production of
such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or other depositary, wherever
situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing that at the date therein mentioned such
Person had on deposit with such depositary, or exhibited to it, the Bearer Securities in the amount and with the serial numbers
therein described; or such facts may be proved by the certificate or affidavit of the Person holding such Bearer Securities, if
such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such ownership
of any Bearer Security continues until (1) another certificate or affidavit bearing a later date issued in respect of the same
Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some other person, or (3) such Bearer Security
is surrendered in exchange for a Registered Security, or (4) such Bearer Security is no longer Outstanding.

 

(e) The fact and date
of execution of any such instrument or writing, the authority of the Person executing the same and the principal amount and serial
numbers of Bearer Securities held by the Person so executing such instrument or writing and the date of holding the same may also
be proved in any other manner which the Trustee deems sufficient; and the Trustee may in any instance require further proof with
respect to any of the matters referred to in this Section.

 

(f) Any request, demand,
authorization, direction, notice, consent, waiver or other Act of the Holder of any Debt Security shall bind every future holder
of the same Debt Security and the Holder of every Debt Security issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof in respect of anything done, suffered or omitted by the Trustee or the Company in reliance thereon,
whether or not notation of such action is made upon such Debt Security.

 

(g) For purposes of determining
the principal amount of Outstanding Debt Securities of any series the Holders of which are required, requested or permitted to
give any request, demand, authorization, direction, notice, consent, waiver or take any other Act under this Indenture, (i) each
Original Issue Discount Security shall be deemed to have the principal amount determined by the Trustee that could be declared
to be due and payable pursuant to the terms of such Original Issue Discount Security as of the date there is delivered to the Trustee
and, where it is hereby expressly required, to the Company, such Act by Holders of the required aggregate principal amount of the
Outstanding Debt Securities of such series and (ii) each Debt Security denominated in a Foreign Currency or composite currency
shall be deemed to have the principal amount determined by the Exchange Rate Agent by converting the principal amount of such Debt
Security in the currency in which such Debt Security is denominated into Dollars at the Exchange Rate as of the date such Act is
delivered to the Trustee and, where it is hereby expressly required, to the Company, by Holders of the required aggregate principal
amount of the Outstanding Debt Securities of such series (or, if there is no such rate on such date, such rate on the date determined
as specified as contemplated in Section 301).

 

(h) The Company may set
a record date for purposes of determining the identity of Holders of Debt Securities of any series entitled to vote or consent
to any action by vote or consent authorized or permitted by Section 512 or Section 513. Such record date shall be the later of
30 days prior to the first solicitation of such consent or the date of the most recent list of Holders of such Debt Securities
furnished to the Trustee pursuant to Section 701 prior to such solicitation.

 

    8

     

    

 

Section 105. Notices,
etc., to Trustee and Company.

 

Any request, demand,
authorization, direction, notice, consent, waiver or other Act of Holders or other document provided or permitted by this Indenture
to be made upon, given or furnished to, or filed with,

 

(1) the Trustee
by any Holder or by the Company shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided), if
made, given, furnished or filed in writing (which may be via original or facsimile) to or with the Trustee at its Corporate Trust
Office and which shall be deemed delivered when actually received by a Responsible Officer of the Trustee, or

 

(2) the Company
by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if
in writing and mailed, first-class postage prepaid, to the Company addressed to the attention of its Secretary at the address of
its principal office specified in the first paragraph of this instrument or at any other address previously furnished in writing
to the Trustee by the Company.

 

The Trustee agrees to
accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, facsimile transmission or other
similar unsecured electronic methods; provided, however, that (a) the party providing such electronic instructions or directions,
subsequent to the transmission thereof, shall provide the originally executed instructions or directions to the Trustee in a timely
manner and (b) such originally executed instructions or directions shall be signed by an authorized representative of the party
providing such instructions or directions. The Trustee shall not be liable for any losses, costs or expenses arising directly or
indirectly from the Trustee’s reliance upon and compliance with such instructions or directions notwithstanding such instructions
or directions conflict or are inconsistent with a subsequent written instruction or direction or if the subsequent written instruction
or direction is never received. The party providing instructions or directions by unsecured e-mail, facsimile transmission or other
similar unsecured electronic methods, as aforesaid, agrees to assume all risks arising out of the use of such electronic methods
to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized
instructions, and the risk of interception and misuse by third parties.

 

Section 106. Notice
to Holders; Waiver.

 

Except as otherwise expressly
provided herein, where this Indenture provides for notice to Holders of any event, (1) such notice shall be sufficiently given
to Holders of Registered Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Registered Security
affected by such event, at such Holder’s address as it appears in the Security Register, not later than the latest date,
and not earlier than the earliest date, prescribed for the giving of such notice; and (2) such notice shall be sufficiently given
to Holders of Bearer Securities by publication thereof in an Authorized Newspaper in [The City of New York] and, if the Debt Securities
of such series are then listed on any stock exchange outside the United States and such stock exchange shall so require, in any
other required city outside the United States or, if not practicable, in Europe on a Business Day at least twice, the first such
publication to be not later than the latest date and not earlier than the earliest date prescribed for the giving of such notice.

 

In case, by reason of
the suspension of or irregularities in regular mail service or for any other reason, it shall be impossible or impracticable to
mail notice of any event to Holders of Registered Securities when said notice is required to be given pursuant to any provision
of this Indenture or of the Debt Securities, then any manner of giving such notice as shall be satisfactory to the Trustee shall
be deemed to be a sufficient giving of such notice. In any case where notice to Holders of Registered Securities is to be given
by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Registered
Security shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or the sufficiency
of any notice by publication to Holders of Bearer Securities given as provided above.

 

In case, by reason of
the suspension of publication of any Authorized Newspaper, or by reason of any other cause, it shall be impossible or impracticable
to make publication of any notice to Holders of Bearer Securities as provided above, then such method of publication or notification
as shall be made with the approval of the Trustee shall constitute a sufficient publication of such notice. Neither failure to
give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any notice so published, shall
affect the sufficiency of any notice mailed to Holders of Registered Securities as provided above.

 

Where this Indenture
provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.

 

    9

     

    

 

Any request, demand,
authorization, direction, notice, consent, election, waiver or other Act required or permitted under this Indenture shall be in
the English language, except that any published notice may be in an official language of the country of publication.

 

Section 107. Conflict
with Trust Indenture Act.

 

If any provision hereof
limits, qualifies or conflicts with another provision hereof which is required to be included in this Indenture by any of the provisions
of the Trust Indenture Act, such required provision shall control.

 

Section 108. Effect
of Headings and Table of Contents.

 

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

 

Section 109. Successors
and Assigns.

 

All covenants and agreements
in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not.

 

Section 110. Separability
Clause.

 

In case any provision
in this Indenture or in the Debt Securities or any coupons 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 111. Benefits
of Indenture.

 

Nothing in this Indenture
or in the Debt Securities or any coupons, express or implied, shall give to any Person, other than the parties hereto and their
successors hereunder, any Paying Agent and the Holders, any benefit or any legal or equitable right, remedy or claim under this
Indenture.

 

Section 112. Governing
Law.

 

This Indenture and the
Debt Securities and any coupons shall be governed by and construed in accordance with the laws of the State of New York.

 

Section 113. Legal
Holidays.

 

In any case where any
Interest Payment Date, Redemption Date, Repayment Date or Stated Maturity of any Debt Security shall not be a Business Day at any
Place of Payment, then (notwithstanding any other provision of this Indenture or of the Debt Securities or coupons) payment of
interest or principal (and premium, if any) need not be made at such Place of Payment on such date, but may be made on the next
succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date, Redemption
Date, Repayment Date or at the Stated Maturity, and no interest shall accrue on the amount so payable for the period from and after
such Interest Payment Date, Redemption Date, Repayment Date or Stated Maturity, as the case may be.

 

Section 114. Counterparts.

 

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

 

Section 115. Exemption
from Individual Liability.

 

No recourse under
or upon any obligation, covenant or agreement of this Indenture, or of any Debt Security or any coupon, or for any claim
based thereon or otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, as
such, past, present or future, of the Company or of any successor corporation, either directly or through the Company,
whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate
obligations of the Company, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the
incorporators, stockholders, officers or directors, as such, of the Company or any successor corporation, or any of them,
because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or
agreements contained in this Indenture or in any of the Debt Securities or any coupon or implied therefrom; and that any and
all such personal liability, either at common law or in equity or by constitution or statute, of, and any and all such rights
and claims against, every such incorporator, stockholder, officer or director, as such, because of the creation of the
indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture
or in any of the Debt Securities or any coupon or implied, therefrom are hereby expressly waived and released as a condition
of and as a consideration for, the execution of this Indenture and the issue of such Debt Securities.

 

    10

     

    

 

ARTICLE TWO

Debt Security Forms

 

Section 201. Forms
Generally.

 

The Registered Securities,
if any, and the Bearer Securities and related coupons, if any, of each series shall be in substantially the form (including temporary
or permanent global form) as shall be established in or pursuant to a Board Resolution or in one or more indentures supplemental
hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted
by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed
thereon, as may be required to comply with the rules of any securities exchange, or as may, consistently herewith, be determined
by the officers executing such Debt Securities or coupons, as evidenced by their signatures on the Debt Securities or coupons.
If the form of Debt Securities of any series or coupons (including any such Global Security) is established by action taken pursuant
to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary
of the Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 303 for the
authentication and delivery of such Debt Securities or coupons.

 

Unless otherwise specified
as contemplated by Section 301, Debt Securities in bearer form other than Debt Securities in temporary or permanent global form
shall have coupons attached.

 

The definitive Debt Securities
and coupons, if any, shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner,
all as determined by the officers executing such Debt Securities, as evidenced by the execution of such Debt Securities and coupons.

 

Section 202. Form
of Trustee’s Certificate of Authentication.

 

This is one of the Debt
Securities, of the series designated herein, described in the within-mentioned Indenture.

 

	 	[____________________],
	 	as Trustee
	 	 
	 	By	 
	 	Authorized Signatory
	 	 
	 	Dated	 

 

 

Section 203. Debt
Securities in Global Form.

 

If Debt Securities of
a series are issuable in whole or in part in global form, as specified as contemplated by Section 301, then, notwithstanding clause
(10) of Section 301 and the provisions of Section 302, such Global Security shall represent such of the outstanding Debt Securities
of such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Debt Securities
from time to time endorsed thereon and that the aggregate amount of Outstanding Debt Securities represented thereby may from time
to time be reduced to reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any increase or decrease
in the amount, of Outstanding Debt Securities represented thereby shall be made in such manner and upon instructions given by such
Person or Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 303
or Section 304.

 

    11

     

    

 

The provisions of
the last sentence of Section 303(g) shall apply to any Debt Securities represented by a Debt Security in global form if such
Debt Security was never issued and sold by the Company and the Company delivers to the Trustee the Debt Security in global
form together with written instructions (which need not comply with Section 102 and need not be accompanied by an Opinion of
Counsel) with respect to the reduction in the principal amount of Debt Securities represented thereby, together with the
written statement contemplated by the last sentence of Section 303(g).

 

Global Securities may
be issued in either registered or bearer form and in either temporary or permanent form.

 

ARTICLE THREE

 

The Debt Securities

 

	 	Section 301.	Amount Unlimited; Issuance in Series.

The aggregate principal
amount of Debt Securities which may be authenticated and delivered under this Indenture is unlimited.

 

The Debt Securities may
be issued in one or more series. There shall be established in or pursuant to a Board Resolution, and set forth in an Officers’
Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Debt Securities of any series:

 

(1) the title
of the Debt Securities of the series;

 

(2) the limit,
if any, upon the aggregate principal amount of the Debt Securities of the series which may be authenticated and delivered under
this Indenture (except for Debt Securities authenticated and delivered upon registration of transfer of, or in exchange for, or
in lieu of, other Debt Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or 1303 and except for any Debt Securities
which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder);

 

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

 

(4) the rate
or rates, if any, at which the Debt Securities of the series shall bear interest, or the method or methods by which such rate or
rates may be determined, the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest
shall be payable, the Regular Record Date for the interest payable on any Registered Security on any Interest Payment Date and
the circumstances, if any, in which the Company may defer interest payments;

 

(5) the place
or places where, subject to the provisions of Section 1002, the principal of (and premium, if any) and interest on Debt Securities
of the series shall be payable, any Registered Securities of the series may be surrendered for registration of transfer, Debt Securities
of the series may be surrendered for exchange and notices and demands to or upon the Company in respect of the Debt Securities
of the series and this Indenture may be served and where notices to Holders pursuant to Section 106 will be published;

 

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

 

(7) the obligation,
if any, of the Company to redeem, repay or purchase Debt 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 Debt Securities of the series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation;

 

(8) whether
Debt Securities of the series are to be issuable as Registered Securities, Bearer Securities or both, whether Debt Securities of
the series are to be issuable with or without coupons or both and, in the case of Bearer Securities, the date as of which such
Bearer Securities shall be dated if other than the date of original issuance of the first Debt Security of such series of like
tenor and term to be issued;

 

(9) whether
the Debt Securities of the series shall be issued in whole or in part in the form of a Global Security or Securities and, in such
case, the Depositary for such Global Security or Securities, whether such global form shall be permanent or temporary and, if applicable,
the Global Exchange Date and Global Exchange Agent;

 

    12

     

    

 

(10) if Debt
Securities of the series are to be issuable initially in the form of a temporary Global Security, the circumstances under which
the temporary Global Security can be exchanged for definitive Debt Securities and whether the definitive Debt Securities will be
Registered and/or Bearer Securities and will be in global form and whether interest in respect of any portion of such Global Security
payable in respect of an Interest Payment Date prior to the Global Exchange Date shall be paid to any clearing organization with
respect to a portion of such Global Security held for its account and, in such event, the terms and conditions (including any certification
requirements) upon which any such interest payment received by a clearing organization will be credited to the Persons entitled
to interest payable on such Interest Payment Date if other than as provided in this Article Three;

 

(11) whether,
and under what conditions, additional amounts will be payable to Holders of Debt Securities of the series pursuant to Section 1004;

 

(12) the
denominations in which any Registered Securities of the series shall be issuable, if other than denominations of $1,000 and any
integral multiple thereof, and the denominations in which any Bearer Securities of such series shall be issuable, if other than
the denomination of $5,000;

 

(13) if other
than the principal amount thereof, the portion of the principal amount of Debt Securities of the series which shall be payable
upon declaration of acceleration of the Maturity thereof pursuant to Section 502;

 

(14) the
currency or currencies of denomination of the Debt Securities of any series, which may be in Dollars, any Foreign Currency or any
composite currency, including but not limited to the Euro, and, if any such currency of denomination is a composite currency other
than the Euro, the agency or organization, if any, responsible for overseeing such composite currency;

 

(15) the
currency or currencies in which payment of the principal of (and premium, if any) and interest on the Debt Securities will be made,
the currency or currencies, if any, in which payment of the principal of (and premium, if any) or the interest on Registered Securities,
at the election of each of the Holders thereof, may also be payable and the periods within which and the terms and conditions upon
which such election is to be made, and the Exchange Rate and the person who shall be the Exchange Rate Agent for the Debt Securities
of such series;

 

(16) if payments
of principal of (and premium, if any) or interest on the Debt Securities of the series are to be made in a Foreign Currency other
than the currency in which such Debt Securities are denominated, the manner in which the Exchange Rate with respect to such payments
shall be determined;

 

(17) any
Events of Default with respect to Debt Securities of such series, if not set forth herein;

 

(18) any
other covenant or warranty included for the benefit of the Debt Securities of the series in addition to (and not inconsistent with)
those set forth herein for the benefit of Debt Securities of all series, or any other covenant or warranty included for the benefit
of Debt Securities of the series in lieu of any covenant or warranty set forth herein for the benefit of Debt Securities of all
series, or any provision that any covenant or warranty set forth herein for the benefit of Debt Securities of all series shall
not be for the benefit of Debt Securities of such series, or any combination of such covenants, warranties or provisions and whether
the provisions of Section 1006 will not apply such covenants and warranties;

 

(19) the
terms and conditions, if any, pursuant to which the Company’s obligations under this Indenture may be terminated through
the deposit of money or Eligible Instruments as provided in Articles Four and Fifteen;

 

(20) the
Person or Persons who shall be Security Registrar for the Debt Securities of such series if other than the Trustee, and the place
or places where the Security Register for such series shall be maintained and the Person or Persons who will be the initial Paying
Agent or Agents, if other than the Trustee; and

 

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

 

All Debt Securities of
any one series and the coupons appertaining to Bearer Securities of such series, if any, shall be substantially identical except,
in the case of Registered Securities, as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution
and set forth in such Officers’ Certificate or in any such indenture supplemental hereto.

 

    13

     

    

 

Debt Securities of any
particular series may be issued at various times, with different dates on which the principal or any installment of principal is
payable, with different rates of interest, if any, or different methods by which rates of interest may be determined, with different
dates on which such interest may be payable and with different Redemption or Repayment Dates and may be denominated in different
currencies or payable in different currencies.

 

If any of the terms of
a series of Debt Securities are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of
such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior
to the delivery of the Officers’ Certificate setting forth the terms of the series.

 

Section 302. Denominations.

 

Debt Securities of each
series shall be issuable in such form and denominations as shall be specified in the form of Debt Security for such series approved
or established pursuant to Section 201 or in the Officers’ Certificate delivered pursuant to Section 301. In the absence
of any specification with respect to the Debt Securities of any series, the Registered Securities of such series, if any, shall
be issuable in denominations of $1,000 and any integral multiple thereof and the Bearer Securities of such series, if any, shall
be issuable in denominations of $5,000.

 

Section. 303. Execution,
Authentication, Delivery and Dating.

 

(a) The Debt Securities
shall be executed on behalf of the Company by its Chairman of the Board, a Vice Chairman of the Board, the President or a Vice
President, and by its Treasurer or one of its Assistant Treasurers or its Secretary or one of its Assistant Secretaries under its
corporate seal reproduced thereon. The signature of any of these officers on the Debt Securities may be manual or facsimile. Coupons
shall bear the facsimile signature of an authorized officer of the Company.

 

Debt Securities and coupons
bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the
Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and
delivery of such Debt Securities or coupons of any series or did not hold such offices at the date of such Debt Securities or coupons.

 

(b) At any time and from
time to time after the execution and delivery of this Indenture, Debt Securities of any series may be executed by the Company and
delivered to the Trustee for authentication, and, except as otherwise provided in this Article Three, shall thereupon be authenticated
and delivered by the Trustee upon Company Order, without any further action by the Company; provided, however, that, in
connection with its original issuance, a Bearer Security may be delivered only outside the United States and, except in the case
of a temporary Global Security, only if the Company or its agent shall have received the certification required pursuant to Sections
304(b)(iii) and (iv), unless such certification shall have been provided earlier pursuant to section 304(b)(v) hereof, and only
if the Company has no reason to know that such certification is false.

 

To the extent authorized
in or pursuant to a Board Resolution and set forth in an Officers’ Certificate, or established in one or more indentures
supplemental hereto, such written Company Order may be given by any one officer or employee of the Company, may be electronically
transmitted, and may provide instructions as to registration of holders, principal amounts, rates of interest, maturity dates and
other matters contemplated by such Board Resolution and Officers’ Certificate or supplemental indenture to be so instructed
in respect thereof. Before authorizing and delivering the first Debt Securities of any series (and upon request of the Trustee
thereafter), the Company shall deliver to the Trustee (i) the certificates called for under Sections 201 and 301 hereof and (ii)
an Opinion of Counsel described in the next sentence.

 

In authenticating such
Debt Securities, and accepting the additional responsibilities under this Indenture in relation to any such Debt Securities, the
Trustee shall be entitled to receive, prior to the initial authentication of such Debt Securities, and (subject to Section 601)
shall be fully protected in relying upon:

 

(i) a Board Resolution
relating thereto and, if applicable, an appropriate record of any action taken pursuant to such resolution certified by the Secretary
or an Assistant Secretary of the Company;

 

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

 

(iii) an Officers’
Certificate setting forth the form and terms of the Debt Securities of such series and coupons, if any, pursuant to Sections 201
and 301 and stating that all conditions precedent provided for in this Indenture relating to the issuance of such Debt Securities
have been complied with; and

 

(iv) an Opinion of Counsel
stating

 

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(A) that
the form of such Debt Securities and coupons, if any, has been established in or pursuant to a Board Resolution or by a supplemental
indenture as permitted by Section 201 in conformity with the provisions of this Indenture;

 

(B) that
the terms of such Debt Securities and coupons, if any, have been established in or pursuant to a Board Resolution or by a supplemental
indenture as permitted by Section 301 in conformity with the provisions of this Indenture; and

 

(C) that
such Debt Securities and coupons, if any, when authenticated and delivered by the Trustee and issued by the Company in the manner
and subject to any conditions specified in such Opinion of Counsel, will constitute legal, valid and binding obligations of the
Company, enforceable in accordance with their terms, subject, as to enforcement of remedies, to applicable bankruptcy, reorganization,
insolvency, moratorium or other laws affecting creditors’ rights generally and the application of general principles of equity
and except further as enforcement thereof may be limited by (i) requirements that a claim with respect to any Debt Securities denominated
other than in Dollars (or a Foreign Currency or currency unit judgment in respect of such claim) be converted into Dollars at a
rate of exchange prevailing on a date determined pursuant to applicable law or (ii) governmental authority to limit, delay or prohibit
the making of payments in Foreign Currencies or currency units or payments outside the United States.

 

(c) If the Company shall
establish pursuant to Section 301 that the Debt Securities of a series are to be issued in whole or in part in the form of one
or more Global Securities, then the Company shall execute and the Trustee shall, in accordance with this Section and the Company
Order with respect to such series, authenticate and deliver one or more Global Securities in permanent or temporary form that (i)
shall represent and shall be denominated in an aggregate amount equal to the aggregate principal amount of the Outstanding Debt
Securities of such series to be represented by one or more Global Securities, (ii) shall be registered in the name of the Depositary
for such Global Security or Securities or the nominee of such Depositary and (iii) shall be delivered by the Trustee to such Depositary
or pursuant to such Depositary’s instructions.

 

(d) The Trustee shall
have the right to decline to authenticate and deliver any Debt Securities under this Section 303 if the issuance of such Debt Securities
will adversely affect the Trustee’s own rights, duties or immunities under the Debt Securities and this Indenture or otherwise
in a manner which is not reasonably acceptable to the Trustee.

 

(e) If all the Debt Securities
of any series are not to be issued at one time, it shall not be necessary to deliver an Opinion of Counsel at the time of issuance
of each Debt Security, but such Opinion of Counsel, with appropriate modifications, may instead be delivered at or prior to the
time of the first issuance of Debt Securities of such series.

 

(f) Each Registered Security
shall be dated the date of its authentication. Each Bearer Security shall be dated as of the date specified as contemplated by
Section 301.

 

(g) No Debt Security
or coupon attached thereto shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless
there appears on such Debt Security a certificate of authentication substantially in the form provided for herein executed by the
Trustee, and such certificate upon any Debt Security shall be conclusive evidence, and the only evidence, that such Debt Security
has been duly authenticated and delivered hereunder. Except as permitted by Section 306, the Trustee shall not authenticate and
deliver any Bearer Security unless all related coupons for interest then matured have been detached and cancelled. Notwithstanding
the foregoing, if any Debt Security or portion thereof shall have been duly authenticated and delivered hereunder but never issued
and sold by the Company, and the Company shall deliver such Debt Security to the Trustee for cancellation as provided in Section
309 together with a written statement (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel)
stating that such Debt Security or portion thereof has never been issued and sold by the Company, for all purposes of this Indenture
such Debt Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the
benefits of this Indenture.

 

(h) Each Depositary designated
pursuant to Section 301 for a Global Security in registered form must, at the time of its designation and at all times while it
serves as Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute or regulation.

 

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Section 304. Temporary
Debt Securities.

 

(a) Pending the preparation
of definitive Debt Securities of any series, the Company may execute, and upon receipt of documents required by Sections 301 and
303, together with a Company Order, the Trustee shall authenticate and deliver, temporary Debt Securities which are printed, lithographed,
typewritten, mimeographed or otherwise produced, in any denomination, substantially of the tenor and terms of the definitive Debt
Securities in lieu of which they are issued in registered form or, if authorized, in bearer form with one or more coupons or without
coupons, and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Debt
Securities may determine, as evidenced by their signatures on such Debt Securities. In the case of Debt Securities of any series
issuable as Bearer Securities, such temporary Debt Securities may be in global form, representing all or any part of the Outstanding
Debt Securities of such series.

 

(b) Unless otherwise
provided pursuant to Section 301:

 

(i) Except
in the case of temporary Debt Securities in global form, if temporary Debt Securities of any series are issued, the Company will
cause definitive Debt Securities of such series to be prepared without unreasonable delay. After the preparation of definitive
Debt Securities of such series, the related temporary Debt Securities shall be exchangeable for such definitive Debt Securities
upon surrender of the temporary Debt Securities of such series at the office or agency of the Company in the Place of Payment for
such series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Debt Securities of any
series (accompanied, if applicable, by all unmatured coupons and all matured coupons in default appertaining thereto), the Company
shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Debt Securities
of the same series of like tenor and terms and of authorized denominations; provided, however, that no Bearer Security shall
be delivered in exchange for a Registered Security; and provided, further, that a Bearer Security shall be delivered in
exchange for a Bearer Security only in compliance with the conditions set forth in Section 305.

 

(ii) If Debt
Securities of any series are issued in temporary global form, any such temporary Global Security shall, unless otherwise provided
pursuant to Section 301, be delivered to the Depositary for the benefit of Euroclear and Clearstream, for credit to the respective
accounts of the beneficial owners of such Debt Securities (or to such other accounts as they may direct).

 

(iii)
Without unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms of, any
such temporary Global Security (the “Global Exchange Date”), the Company shall deliver definitive Debt Securities
to the Trustee or the agent appointed by the Company pursuant to Section 301 to effect the exchange of the temporary Global
Security for definitive Debt Securities (the “Global Exchange Agent”), in an aggregate principal amount equal to
the principal amount of such temporary Global Security, executed by the Company. On or after the Global Exchange Date, such
temporary Global Security shall be surrendered by the Depositary to the Global Exchange Agent, to be exchanged, in whole or
from time to time in part, for definitive Debt Securities without charge and the Trustee or the Global Exchange Agent, if
authorized by the Trustee pursuant to Section 614, shall authenticate and deliver, in exchange for each portion of such
temporary Global Security, an equal aggregate principal amount of definitive Debt Securities of the same series of authorized
denominations and of like tenor and terms as the portion of such temporary Global Security to be exchanged. Upon any exchange
of a part of such temporary Global Security for definitive Debt Securities, the portion of the principal amount and any
interest thereon so exchanged shall be endorsed by the Global Exchange Agent on a schedule to such temporary Global Security,
whereupon the principal amount and interest payable with respect to such temporary Global Security shall be reduced for all
purposes by the amount so exchanged and endorsed. The definitive Debt Securities to be delivered in exchange for any such
temporary Global Security shall be in bearer form, registered form, global registered form or global bearer form, or any
combination thereof, as specified as contemplated by Section 301, and, if any combination thereof is so specified, as
requested by the beneficial owner thereof; provided, however, that, in the case of the exchange of the temporary
Global Security for definitive Bearer Securities (including a definitive Global Bearer Security), upon such presentation by
the Depositary, such temporary Global Security shall be accompanied by a certificate signed by Euroclear as to the portion of
such temporary Global Security held for its account then to be exchanged and a certificate signed by Clearstream as to the
portion of such temporary Global Security held for its account then to be exchanged, each in the form set forth in Exhibit B
to this Indenture, unless such certificate(s) shall have been provided earlier pursuant to section 304(b)(v) hereof; and provided,
further, that definitive Bearer Securities (including a definitive Global Bearer Security) shall be delivered in exchange
for a portion of a temporary Global Security only in compliance with the requirements of Section 303.

 

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(iv) The interest
of a beneficial owner of Debt Securities of a series in a temporary Global Security shall be exchanged for definitive Debt Securities
of the same series and of like tenor and terms following the Global Exchange Date when the account holder instructs Euroclear or
Clearstream, as the case may be, to request such exchange on such account holder’s behalf and, in the case of the exchange
of the temporary Global Security for definitive Bearer Securities (including a definitive Global Bearer Security), unless such
certificate(s) shall have been provided earlier pursuant to Section 304(b)(v) hereof, the account holder delivers to Euroclear
or Clearstream, as the case may be, a certificate in the form set forth in Exhibit A-1 and, if applicable, A-2 to this Indenture,
dated no earlier than 15 days prior to the Global Exchange Date, copies of which certificate shall be available from the offices
of Euroclear and Clearstream, the Global Exchange Agent, any authenticating agent appointed for such series of Debt Securities
and each Paying Agent. Unless otherwise specified in such temporary Global Security, any such exchange shall be made free of charge
to the beneficial owners of such temporary Global Security, except that a Person receiving definitive Debt Securities must bear
the cost of insurance, postage, transportation and the like in the event that such Person does not take delivery of such definitive
Debt Securities in person at the offices of Euroclear and Clearstream. Definitive Debt Securities in bearer form to be delivered
in exchange for any portion of a temporary Global Security shall be delivered only outside the United States.

 

(v) Until
exchanged in full as hereinabove provided, the temporary Debt Securities of any series shall in all respects be entitled to the
same benefits under this Indenture as definitive Debt Securities of the same series and of like tenor and terms authenticated and
delivered hereunder, except that interest payable on a temporary Global Security on an Interest Payment Date shall be payable to
Euroclear and Clearstream on such Interest Payment Date only if there has been delivered by Euroclear and Clearstream to the Global
Exchange Agent a certificate or certificates in the form set forth in Exhibit B to this Indenture dated no earlier than the first
Interest Payment Date, for credit without further interest on or after such Interest Payment Date to the respective accounts of
the Persons who are the beneficial owners of such temporary Global Security on such Interest Payment Date and who have each delivered
to Euroclear or Clearstream, as the case may be, a certificate in the form set forth in Exhibit A-1 and, if applicable, A-2 to
this Indenture dated no earlier than the first Interest Payment Date. Any interest so received by Euroclear and Clearstream and
not paid as herein provided prior to the Global Exchange Date shall be returned to the Global Exchange Agent which, upon expiration
of two years after such Interest Payment Date, shall repay such interest to the Company in accordance with Section 1003.

 

Section 305. Registration;
Registration of Transfer and Exchange.

 

The Company shall cause
to be kept at one of the offices or agencies to be maintained by the Company in accordance with the provisions of this Section
305 and Section 1002, with respect to the Debt Securities of each series which are Registered Securities, a register (herein sometimes
referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company
shall provide for the registration of Registered Securities and of transfers of Registered Securities. Pursuant to Section 301,
the Company shall appoint, with respect to Debt Securities of each series which are Registered Securities, a “Security Registrar”
for the purpose of registering such Debt Securities and transfers and exchanges of such Debt Securities as herein provided.

 

Upon surrender for registration
of transfer of any Registered Security of any series at the office or agency of the Company maintained for such purpose, the Company
shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or
more new Registered Securities of the same series of any authorized denomination or denominations, of like tenor and terms and
aggregate principal amount.

 

At the option of the
Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series of any authorized
form and denomination, of like tenor and terms and aggregate principal amount, upon surrender of the Registered Securities to be
exchanged at such office or agency. Bearer Securities may not be delivered in exchange for Registered Securities.

 

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At the option
of the Holder, Registered Securities or Bearer Securities of any series may be issued in exchange for Bearer Securities (except
as otherwise specified as contemplated by Section 301 with respect to a Bearer Security in global form) of the same series, of
any authorized denominations and of like tenor and terms and aggregate principal amount, upon surrender of the Bearer Securities
to be exchanged at any such office or agency, with all unmatured coupons and all matured coupons in default thereto appertaining.
If the Holder of a Bearer Security is unable to produce any such unmatured coupon or coupons or matured coupon or coupons in default,
such exchange may be effected if the Bearer Securities are accompanied by payment in funds acceptable to the Company and the Trustee
in an amount equal to the face amount of such missing coupon or coupons, or the surrender of such missing coupon or coupons may
be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save
each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to any Paying Agent any
such missing coupon in respect of which such a payment shall have been made, such Holder shall be entitled to receive the amount
of such payment; provided, however, that, except as otherwise provided in Section 1002, interest represented by coupons
shall be payable only upon presentation and surrender of those coupons at an office or agency located outside the United States.
Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such office or agency in exchange
for a Registered Security of the same series and like tenor and terms after the close of business at such office or agency on
(i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date,
or (ii) any Special Record Date and before the opening of business at such office or agency on the related date for payment of
Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date or proposed
date of payment, as the case may be.

 

Whenever any Debt Securities
are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Debt Securities
which the Holder making the exchange is entitled to receive.

 

If at any time the Depositary
for the Debt Securities of a series notifies the Company that it is unwilling or unable to continue as Depositary for the Debt
Securities of such series or if at any time the Depositary for the Debt Securities of such series shall no longer be eligible under
Section 303(h), the Company shall appoint a successor Depositary with respect to the Debt Securities of such series. If a successor
Depositary for the Debt Securities of such series is not appointed by the Company within 90 days after the Company receives such
notice or becomes aware of such ineligibility, the Company’s election pursuant to Section 301(9) shall no longer be effective
with respect to the Debt Securities of such series and the Company will execute, and the Trustee, upon receipt of a Company Order
for the authentication and delivery of definitive Debt Securities of such series, will authenticate and deliver, Debt Securities
of such series in definitive form in an aggregate principal amount equal to the principal amount of the Global Security or Securities
representing such series in exchange for such Global Security or Securities.

 

The Company may at any
time and in its sole discretion determine that the Debt Securities of any series issued in the form of one or more Global Securities
shall no longer be represented by such Global Security or Securities. In such event the Company will execute, and the Trustee,
upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities of such series, will authenticate
and deliver, Debt Securities of such series in definitive form and in an aggregate principal amount equal to the principal amount
of the Global Security or Securities representing such series in exchange for such Global Security or Securities.

 

If specified by the Company
pursuant to Section 301 with respect to a series of Debt Securities, the Depositary for such series of Debt Securities may surrender
a Global Security for such series of Debt Securities in exchange in whole or in part for Debt Securities of such series of like
tenor and terms and in definitive form on such terms as are acceptable to the Company and such Depositary. Thereupon, the Company
shall execute, and the Trustee shall authenticate and deliver, without charge to any Holder,

 

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

 

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

 

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In any exchange
provided for in any of the preceding three paragraphs, the Company will execute and the Trustee will authenticate and deliver
Debt Securities (a) in definitive registered form in authorized denominations, if the Debt Securities of such series
are issuable as Registered Securities, (b) in definitive bearer form in authorized denominations, with coupons attached, if
the Debt Securities of such series are issuable as Bearer Securities or (c) as either Registered or Bearer Securities, as
shall be specified by the beneficial owner thereof, if the Debt Securities of such series are issuable in either form; provided,
however, that no definitive Bearer Security shall be delivered in exchange for a temporary Global Security unless the
Company or its agent shall have received from the person entitled to receive the definitive Bearer Security a certificate
substantially in the form set forth in Exhibit A-1 and, if applicable, A-2 hereto; and provided further that delivery
of a Bearer Security shall occur only outside the United States; and provided further that no definitive Bearer
Security will be issued if the Company has reason to know that any such certificate is false.

 

Upon the exchange of
a Global Security for Debt Securities in definitive form, such Global Security shall be cancelled by the Trustee. Registered Securities
issued in exchange for a Global Security pursuant to this Section shall be registered in such names and in such authorized denominations
as the Depositary for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall
instruct the Trustee. The Trustee shall deliver such Registered Securities to the persons in whose names such Debt Securities are
so registered. The Trustee shall deliver Bearer Securities issued in exchange for a Global Security pursuant to this Section to
the persons, and in such authorized denominations, as the Depositary for such Global Security, pursuant to instructions from its
direct or indirect participants or otherwise, shall instruct the Trustee; provided, however, that no definitive Bearer Security
shall be delivered in exchange for a temporary Global Security unless the Company or its agent shall have received from the person
entitled to receive the definitive Bearer Security a certificate substantially in the form set forth in Exhibit A-1 and, if applicable,
A-2 hereto; and provided further that delivery of a Bearer Security shall occur only outside the United States; and provided
further that no definitive Bearer Security will be issued if the Company has reason to know that any such certificate is false.

 

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

 

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

 

No charge to any Holder
shall be made for any registration of transfer or exchange of Debt Securities, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection with any transfer, registration of transfer or
exchange of Debt Securities, other than exchanges expressly provided in this Indenture to be made at the Company’s own expense
or without expense or without charge to the Holders.

 

The Company shall not
be required (i) to issue, register the transfer of or exchange Debt Securities of any particular series to be redeemed for a period
of fifteen days preceding the first publication of the relevant notice of redemption or, if Registered Securities are outstanding
and there is no publication, the mailing of the relevant notice of redemption of Debt Securities of such series selected for redemption
under Section 1103 and ending at the close of business on the day of such mailing, or (ii) to register the transfer of or exchange
any Registered Security so selected for redemption in whole or in part, except the unredeemed portion of such Registered Security
being redeemed in part, or (iii) to exchange any Bearer Security so selected for redemption except that such a Bearer Security
may be exchanged for a Registered Security of like tenor and terms of that series, provided that such Registered Security
shall be simultaneously surrendered for redemption.

 

Notwithstanding anything
herein to the contrary, the exchange of Bearer Securities into Registered Securities shall be subject to applicable laws and regulations
in effect at the time of exchange; neither the Company, the Trustee nor the Security Registrar shall exchange any Bearer Securities
into Registered Securities if it has received an Opinion of Counsel that as a result of such exchanges the Company would suffer
adverse consequences under the United States Federal income tax laws and regulations then in effect and the Company has delivered
to the Trustee a Company Order directing the Trustee not to make such exchanges thereafter unless and until the Trustee receives
a subsequent Company Order to the contrary. The Company shall deliver copies of such Company Orders to the Security Registrar.

 

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Section 306. Mutilated,
Destroyed, Lost and Stolen Debt Securities.

 

If (i) any mutilated
Debt Security or a Bearer Security with a mutilated coupon appertaining to it is surrendered to a Paying Agent outside the United
States designated by the Company, or, in the case of any Registered Security, to the Trustee, or (ii) the Company and the Trustee
receive evidence to their satisfaction of the destruction, loss or theft of any Debt Security or coupon, and there is delivered
to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the
absence of notice to the Company and the Trustee that such Debt Security or coupon has been acquired by a bona fide purchaser,
the Company shall execute and upon its written request the Trustee shall authenticate and deliver, in exchange for any such mutilated
Debt Security or Bearer Security with a mutilated coupon appertaining to it or to which a destroyed, lost or stolen coupon appertains
(with all related coupons not destroyed, lost or stolen) or in lieu of any such destroyed, lost or stolen Debt Security, a new
Debt Security of like tenor and terms and principal amount, bearing a number not contemporaneously outstanding, with coupons corresponding
to the coupons, if any, appertaining to such destroyed, lost or stolen Debt Security or to the Debt Security to which such destroyed,
lost or stolen coupon appertains; provided, however, that any such new Bearer Security will be delivered only in compliance
with the conditions set forth in Section 305.

 

In case any such mutilated,
destroyed, lost or stolen Debt Security or coupon has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Debt Security, pay such Debt Security or coupon; provided, however, that payment of principal
of (and premium, if any) and any interest on Bearer Securities shall, except as otherwise provided in Section 1002, be payable
only at an office or agency located outside the United States; and provided, further, that, with respect to any such coupons,
interest represented thereby (but not any additional amounts payable as provided in Section 1004), shall be payable only upon presentation
and surrender of the coupons appertaining thereto.

 

Upon the issuance of
any new Debt Security or coupons 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 and printing expenses) connected therewith.

 

Every new Debt Security
of any series, with its coupons, if any, issued pursuant to this Section in lieu of any destroyed, lost or stolen Debt Security,
or in exchange for a Bearer Security to which a destroyed, lost or stolen coupon appertains, shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or stolen Debt Security and its coupons, if any, or the
destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and any such new Debt Security and coupons, if any,
shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Debt Securities of that
series and their coupons, if any, 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 Debt Securities or coupons.

 

Section 307. Payment
of Interest; Interest Rights Preserved.

 

Interest on any Registered
Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person
in whose name that Registered Security (or one or more Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest. In case a Bearer Security of any series is surrendered in exchange for a Registered Security of
such series after the close of business (at an office or agency in a Place of Payment for such series) on any Regular Record Date
and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security
shall be surrendered without the coupon relating to such Interest Payment Date and interest will not be payable on such Interest
Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the
Holder of such coupon when due in accordance with the provisions of this Indenture. At the option of the Company, payment of interest
on any Registered Security may be made by check in the currency designated for such payment pursuant to the terms of such Registered
Security mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire
transfer to an account in such currency designated by such Person in writing not later than ten days prior to the date of such
payment.

 

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Any interest on any
Registered Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment
Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder on the
relevant Regular Record Date by virtue of his having been such Holder, and such Defaulted Interest may be paid by the
Company, at its election in each case, as provided in Clause (1) or (2) below:

 

(1) The Company
may elect to make payment of any Defaulted Interest to the Persons in whose names the Registered Securities of such series (or
their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount
of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment, and
at the same time the Company shall deposit with the Trustee an amount of money and/or, to the extent such Debt Securities are denominated
and payable in Dollars only, Eligible Instruments the payments of principal and interest on which when due (and without reinvestment
and providing no tax liability will be imposed upon the Trustee or the Holder of such Registered Securities) will provide money
in such amounts as will (together with any money irrevocably deposited in trust with the Trustee, without investment) be equal
to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the
Trustee for such deposit prior to the date of the proposed payment, such money and/or Eligible Instruments when deposited to be
held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the Trustee
shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than
10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the written notice
of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date. Unless the Trustee is acting
as the Security Registrar, promptly after such Special Record Date, the Company shall furnish the Trustee with a list, or shall
make arrangements satisfactory to the Trustee with respect thereto, of the names and addresses of, and principal amounts of Registered
Securities of such series held by, the Holders appearing on the Security Register at the close of business on such Special Record
Date. In the name and at the expense of the Company, the Trustee shall cause notice of the proposed payment of such Defaulted Interest
and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Registered Securities of such
series at his address as it appears in the Security Register, not less than 10 days prior to such Special Record Date. Notice of
the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted
Interest shall be paid to the Persons in whose names the Registered Securities of such series (or their respective Predecessor
Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the
following Clause (2). In case a Bearer Security of any series is surrendered at the office or agency in a Place of Payment for
such series in exchange for a Registered Security of such series after the close of business at such office or agency on any Special
Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest,
such Bearer Security shall be surrendered without the coupon relating to such proposed date of payment and Defaulted Interest will
not be payable on such proposed date of payment in respect of the Registered Security issued in exchange for such Bearer Security,
but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture.

 

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

 

Subject to the foregoing
provisions of this Section, each Debt Security delivered under this Indenture upon registration of transfer of or in exchange for
or in lieu of any other Debt Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried
by such other Debt Security.

 

Subject to the limitations
set forth in Section 1002, the Holder of any coupon appertaining to a Bearer Security shall be entitled to receive the interest
payable on such coupon upon presentation and surrender of such coupon on or after the Interest Payment Date of such coupon at an
office or agency maintained for such purpose pursuant to Section 1002.

 

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Section 308. Persons
Deemed Owners.

 

Prior to due
presentment of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or
of the Trustee may treat the Person in whose name such Registered Security is registered as the owner of such Registered
Security for the purpose of receiving payment of principal of (and premium, if any) and (subject to Section 307) interest on
such Registered Security and for all other purposes whatsoever, whether or not such Registered Security be overdue, and
neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

 

The Company, the Trustee
and any agent of the Company or the Trustee may treat the bearer of any Bearer Security and the bearer of any coupon as the absolute
owner of such Bearer Security or coupon for the purpose of receiving payment thereof or on account thereof and for all other purposes
whatsoever, whether or not such Bearer Security or coupon be overdue, and neither the Company, the Trustee nor any agent of the
Company or the Trustee shall be affected by notice to the contrary.

 

None of the Company,
the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records
relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining, supervising
or reviewing any records relating to such beneficial ownership interests.

 

Section 309. Cancellation.

 

Unless otherwise provided
with respect to a series of Debt Securities, all Debt Securities and coupons surrendered for payment, redemption, repayment, transfer,
exchange or credit against any sinking fund payment pursuant to this Indenture, shall, if surrendered to the Company or any agent
of the Company, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee
for cancellation any Debt Securities previously authenticated and delivered hereunder which the Company may have acquired in any
manner whatsoever, and all Debt Securities so delivered shall be promptly cancelled by the Trustee. No Debt Securities shall be
authenticated in lieu of or in exchange for any Debt Securities cancelled as provided in this Section, except as expressly permitted
by this Indenture. All cancelled Debt Securities and coupons held by the Trustee shall be destroyed and certification of their
destruction delivered to the Company unless by a Company Order the Company shall direct that the cancelled Debt Securities or coupons
be returned to it.

 

Section 310. Computation
of Interest.

 

Except as otherwise specified
as contemplated by Section 301 for Debt Securities of any series, interest on the Debt Securities of each series shall be computed
on the basis of a 360-day year of twelve 30-day months.

 

Section 311. Certification
by a Person Entitled to Delivery of a Bearer Security.

 

Whenever any provision
of this Indenture or a Debt Security contemplates that certification be given by a Person entitled to delivery of a Bearer Security,
such certification shall be provided substantially in the form of Exhibit A-1 and, if applicable, A-2 hereto, with only such changes
as shall be approved by the Company and consented to by the Trustee whose consent shall not unreasonably be withheld.

 

312. Judgments

 

The Company may provide,
pursuant to Section 301, for the Debt Securities of any series that, to the fullest extent possible under applicable law and except
as may otherwise be specified as contemplated in Section 301, (a) the obligation, if any, of the Company to pay the principal of
(and premium, if any) and interest on the Debt Securities of any series and any related coupons in a Foreign Currency, composite
currency or Dollars (the “Designated Currency”) as may be specified pursuant to Section 301 is of the essence and that
judgments in respect of such Debt Securities shall be given in the Designated Currency; (b) the obligation of the Company to make
payments in the Designated Currency of the principal of (and premium, if any) and interest on such Debt Securities and any related
coupons shall, notwithstanding any payment in any other currency (whether pursuant to a judgment or otherwise), be discharged only
to the extent of the amount in the Designated Currency that the Holder receiving such payment may, in accordance with normal banking
procedures, purchase with the sum paid in such other currency (after any premium and cost of exchange) in the country of issue
of the Designated Currency in the case of Foreign Currency or Dollars or in the international banking community in the case of
a composite currency on the Business Day immediately following the day on which such Holder receives such payment; (c) if the amount
in the Designated Currency that may be so purchased for any reason falls short of the amount originally due, the Company shall
pay such additional amounts as may be necessary to compensate for such shortfall; and (d) any obligation of the Company not discharged
by such payment shall be due as a separate and independent obligation and, until discharged as provided herein, shall continue
in full force and effect.

 

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ARTICLE FOUR

Satisfaction and Discharge

  

Section 401. Satisfaction
and Discharge of Indenture.

 

This Indenture shall
upon Company Request cease to be of further effect, including the provisions of Article Sixteen hereof (except as to any surviving
rights of registration of transfer or exchange of Debt Securities herein expressly provided for and rights to receive payments
of principal and interest thereon and any right to receive additional amounts, as provided in Section 1004) and the Trustee, at
the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture when

 

(1) either

 

(A) all Debt
Securities theretofore authenticated and delivered and all coupons appertaining thereto (other than (i) coupons appertaining to
Bearer Securities surrendered in exchange for Registered Securities and maturing after such exchange, surrender of which is not
required or has been waived as provided in Section 305, (ii) Debt Securities and coupons which have been destroyed, lost or stolen
and which have been replaced or paid as provided in Section 306, (iii) coupons appertaining to Bearer Securities called for redemption
or surrendered for repayment and maturing after the relevant Redemption Date or Repayment Date, as appropriate, surrender of which
has been waived as provided in Section 1106 or 1303 and (iv) Debt Securities and coupons for whose payment money and/or Eligible
Instruments have theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the
Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee cancelled or for cancellation;
or

 

(B) all such
Debt Securities not theretofore delivered to the Trustee for cancellation

 

(i) have
become due and payable, or

 

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

 

(iii) are
to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption
by the Trustee in the name, and at the expense, of the Company, and the Company, in the case of (B)(i), (B)(ii) or (B)(iii) above,
has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose money and/or, to the
extent such Debt Securities are denominated and payable in Dollars only, Eligible Instruments the payments of principal and interest
on which when due (and without reinvestment and providing no tax liability will be imposed upon the Trustee or the Holders of Debt
Securities) will provide money in such amounts as will (together with any money irrevocably deposited in trust with the Trustee,
without investment) be sufficient to pay and discharge the entire indebtedness on such Debt Securities and coupons of such series
for principal (and premium, if any) and interest, and any mandatory sinking fund, repayment or analogous payments thereon, on the
scheduled due dates therefor to the date of such deposit (in the case of Debt Securities and coupons which have become due and
payable) or to the Stated Maturity or Redemption Date, if any, and all Repayment Dates (in the case of Debt Securities repayable
at the option of the Holders thereof); provided, however, that in the event a petition for relief under any applicable Federal
or state bankruptcy, insolvency, reorganization or other similar law is filed with respect to the Company within 91 days after
the deposit, the obligations of the Company under the Indenture with respect to the Debt Securities of such series shall not be
deemed terminated or discharged, and in such event the Trustee shall be required to return the deposited money and Eligible Instruments
then held by the Trustee to the Company;

 

(2) the Company
has paid or caused to be paid all other sums payable hereunder by the Company; and

 

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

 

Notwithstanding the satisfaction and discharge
of this Indenture, the obligations of the Company to the Trustee under Section 607 and, if money or Eligible Instruments shall
have been deposited with the Trustee pursuant to Subclause (B) of Clause (1) of this Section, the obligations of the Trustee under
Section 402 and the last paragraph of Section 1003 shall survive such satisfaction and discharge.

 

Section 402. Application
of Trust Money and Eligible Instruments.

 

(a) Subject to the provisions
of the last paragraph of Section 1003, all money and Eligible Instruments deposited with the Trustee pursuant to Section 401, 403
or 1501 shall be held in trust and such money and the principal and interest received on such Eligible Instruments shall be applied
by it, in accordance with the provisions of the Debt Securities, any coupons 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 may determine, to the Persons
entitled thereto, of the principal (and premium, if any) and interest for whose payment such money or Eligible Instruments have
been deposited with the Trustee.

 

(b) The Trustee shall
deliver or pay to the Company from time to time upon Company Request any Eligible Instruments or money held by it as provided in
Section 403 or 1501 which, in the opinion of a nationally recognized firm of independent public accountants 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 Eligible Instruments or money were deposited or received.

 

(c) The Trustee shall
deliver to the Company from time to time upon Company Request any Eligible Instruments held by it as provided in Section 403 or
1501, provided that the Company in substitution therefor simultaneously delivers to the Trustee, money or other Eligible Instruments
which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, would then be sufficient to satisfy the Company’s payment obligations in respect of the Debt Securities
in the manner contemplated by Section 403 or 1501.

 

Section 403. Satisfaction,
Discharge and Defeasance of Debt Securities of any Series.

 

If this Section 403 is
specified, as contemplated by Section 301, to be applicable to Debt Securities of any series, then, notwithstanding Section 401,
(i) the Company shall be deemed to have paid and discharged the entire indebtedness on all the Outstanding Debt Securities of any
such series and related coupons; (ii) the provisions of this Indenture as it relates to such Outstanding Debt Securities and related
coupons shall no longer be in effect, including the provisions of Article Sixteen hereof (except as to the rights of Holders of
Debt Securities to receive, from the trust fund described in subparagraph (1) below, payment of (x) the principal of (and premium,
if any) and any installment of principal of (and premium, if any) or interest on such Debt Securities and related coupons on the
Stated Maturity of such principal (and premium, if any) or installment of principal (and premium, if any) or interest or (y) any
mandatory sinking fund, repayment or analogous payments applicable to the Debt Securities of that series on that day on which such
payments are due and payable in accordance with the terms of this Indenture and of such Debt Securities, the Company’s obligations
with respect to such Debt Securities under Sections 304, 305, 306, 1002, 1003 and 1004 and the rights, powers, trusts, duties and
immunities of the Trustee hereunder, including those under Section 607 hereof); and (iii) the Trustee, at the expense of the Company,
shall, upon Company Order, execute proper instruments acknowledging satisfaction and discharge of such indebtedness, when

 

(1) either

 

(A) with
respect to all Outstanding Debt Securities of such series and related coupons, with reference to this Section 403, the
Company has deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section
609 who shall agree to comply with the provisions of this Section 403 applicable to it) irrevocably, as trust funds in trust,
money and/or, to the extent such Debt Securities are denominated and payable in Dollars only, Eligible Instruments the
payments of principal and interest on which when due (and without reinvestment and providing no tax liability will be imposed
upon the Trustee or the Holders of such Debt Securities) will provide money in such amounts as will (together with any money
irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay and discharge (i) the principal of
(and premium, if any) and interest on the Outstanding Debt Securities of that series and related coupons on the Stated
Maturity of such principal or interest or, if such series may be redeemed by the Company prior to the Stated Maturity
thereof, and the Company shall have given irrevocable instructions to the Trustee to effect such redemption, at the date
fixed for such redemption pursuant to Article Eleven, and (ii) any mandatory sinking fund payments or analogous payments
applicable to Debt Securities of such series on the date on which such payments are due and payable in accordance with the
terms of this Indenture and of such Debt Securities; or

 

    24

     

    

 

(B) the Company
has properly fulfilled such other means of satisfaction and discharge as is specified, as contemplated by Section 301, to be applicable
to the Debt Securities of such series;

 

(2) the Company
has paid or caused to be paid all sums payable with respect to the Outstanding Debt Securities of such series and related coupons;

 

(3) such
deposit will not result in a breach 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;

 

(4) no Event
of Default or event which, with the giving of notice or lapse of time, or both, would become an Event of Default pursuant to Section
501(1), (2), (3), (5) or (6) with respect to the Debt Securities of such series shall have occurred and be continuing on the date
of such deposit and no Event of Default under Section 501(5) or Section 501(6) or event which, with the giving of notice or lapse
of time, or both, would become an Event of Default under Section 501(5) or Section 501(6) shall have occurred and be continuing
on the 91st day after such date; provided, however, that should that condition fail to be satisfied on
or before such 91st day, the Trustee shall promptly, upon satisfactory receipt of evidence of such failure, return such
deposit to the Company;

 

(5) the Company
has delivered to the Trustee an Opinion of Counsel to the effect that (a) the Company has received from, or there has been published
by, the Internal Revenue Service a ruling, or (b) since the date of this Indenture there has been a change in 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
Debt Securities and related coupons 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;

 

(6) if the
Debt Securities of that series are then listed on any domestic or foreign securities exchange, the Company shall have delivered
to the Trustee an Opinion of Counsel to the effect that such deposit, defeasance and discharge will not cause such Debt Securities
to be delisted;

 

(7) such
deposit shall have been effected in compliance with any additional terms, conditions or limitations which may be imposed on the
Company in connection therewith pursuant to Section 301; and

 

(8) the Company
has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent
herein provided for relating to the satisfaction and discharge of the entire indebtedness of all Outstanding Debt Securities and
related coupons have been complied with.

 

Any deposits with the
Trustee referred to in Section 403(1)(A) above shall be irrevocable and shall be made under the terms of an escrow or trust agreement
in form and substance satisfactory to the Trustee. If any Outstanding Debt Securities of such series are to be redeemed prior to
their Stated Maturity, whether pursuant to any optional redemption provisions or in accordance with any mandatory sinking fund
requirement, the applicable escrow or trust agreement shall provide therefor and the Company shall make such arrangements as are
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company.

 

Upon the satisfaction
of the conditions set forth in this Section 403 with respect to all the Outstanding Debt Securities of any series, the terms and
conditions of such series, including the terms and conditions with respect thereto set forth in this Indenture, shall no longer
be binding upon, or applicable to, the Company; provided that the Company shall not be discharged from any payment obligations
in respect of Debt Securities of such series which are deemed not to be Outstanding under clause (iii) of the definition thereof
if such obligations continue to be valid obligations of the Company under applicable law.

 

Notwithstanding the cessation,
termination and discharge of all obligations, covenants and agreements (except as provided above in this Section 403) of the Company
under this Indenture with respect to any series of Debt Securities, the obligations of the Company to the Trustee under Section
607, and the obligations of the Trustee under Section 402 and the last paragraph of Section 1003, shall survive with respect to
such series of Debt Securities.

 

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ARTICLE FIVE

Remedies

 

Section 501. Events
of Default.

 

“Event of Default”,
wherever used herein with respect to Debt Securities of any series, means any one of the following events (whatever the reason
for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law, pursuant to any
judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

 

(1) default
in the payment of any interest upon any Debt Security of such series or a related coupon, if any, when it becomes due and payable,
and continuance of such default for a period of 30 days; or

 

(2) default
in the payment of the principal of (or premium, if any, on) any Debt Security of such series at its Maturity; or

 

(3) default
in the deposit of any sinking fund payment, when and as due by the terms of a Debt Security of such series; or

 

(4) default
in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty
a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been
included in this Indenture solely for the benefit of Debt Securities of a series other than such series), and continuance of such
default or breach for a period of 90 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 Debt Securities of such
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

 

(5) the entry
by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an involuntary
case or proceeding under any applicable Federal or state bankruptcy, insolvency, reorganization or other similar law or (B) a decree
or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement,
adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian,
receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its
property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief
or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or

 

(6) the commencement
by the Company of a voluntary case or proceeding under any applicable Federal or state bankruptcy, insolvency, reorganization or
other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry
of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or
state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or
proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable
Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian,
receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial part of its property,
or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its
debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action; or

 

(7) any other
Event of Default, if any, provided with respect to Debt Securities of such series specified as contemplated by Section 301.

 

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Section 502. Acceleration
of Maturity; Rescission and Annulment.

 

If an Event of Default
with respect to Debt Securities of any series at the time Outstanding occurs and is continuing, then and in every such case the
Trustee or the Holders of not less than 25% in principal amount of Outstanding Debt Securities of such series may declare the principal
amount (or, if the Debt Securities of such series are Original Issue Discount Securities, such portion of the principal amount
as may be specified in the terms of such series) of and all accrued but unpaid interest on all the Debt Securities of such series
to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by such Holders), and upon
any such declaration such principal amount (or specified amount) shall become immediately due and payable. Upon payment of such
amount, all obligations of the Company in respect of the payment of principal of the Debt Securities of such series shall terminate.

 

At any time after such
a declaration of acceleration with respect to Debt Securities of 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 Debt Securities of such series, by written notice to the Company and the Trustee, may rescind and annul
such declaration and its consequences if

 

(1) the Company
has paid or deposited with the Trustee a sum sufficient to pay

 

(A) all overdue
installments of interest on all Debt Securities of such series and any related coupons,

 

(B) the principal
of (and premium, if any, on) any Debt Securities of such series which have become due otherwise than by such declaration of acceleration
and interest thereon at the rate or rates prescribed therefor in such Debt Securities,

 

(C) to the
extent that payment of such interest is lawful, interest upon overdue installments of interest on each Debt Security and any related
coupons at the rate or rates prescribed therefor in such Debt Securities, and

 

(D) all sums
paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents and counsel;

 

and

 

(2) all Events
of Default with respect to Debt Securities of such series, other than the non-payment of the principal of Debt Securities of such
series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513.

 

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

 

Section 503. Collection
of Indebtedness and Suits for Enforcement by Trustee.

 

The Company covenants
that if:

 

(1) default
is made in the payment of any installment of interest on any Debt Security or any related coupon when such interest becomes due
and payable and such default continues for a period of 30 days, or

 

(2) default
is made in the payment of the principal of (or premium, if any, on) any Debt Security at the Maturity thereof,

 

the Company will, upon demand of the Trustee,
pay to it, for the benefit of the Holders of such Debt Securities and any related coupons, the amount then due and payable on such
Debt Securities and coupons for principal (and premium, if any) and interest and, to the extent that payment of such interest shall
be legally enforceable, interest upon the overdue principal (and premium, if any) and, upon overdue installments of interest, at
the rate or rates prescribed therefor in such Debt Securities, and, in addition thereto, such further amount as shall be sufficient
to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of 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, and may prosecute such proceeding to
judgment or final decree, and may enforce the same against the Company or any other obligor upon such Debt Securities and
coupons and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the
Company or any other obligor upon such Debt Securities and coupons, wherever situated.

 

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If an Event of Default
with respect to Debt 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 Debt Securities of such series and any related coupons 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 504. Trustee
May File Proofs of Claim.

 

In case of the pendency
of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial
proceedings, or any voluntary or involuntary case under the Federal bankruptcy laws as now or hereafter constituted, relative to
the Company or any other obligor upon the Debt Securities of a particular series or any related coupons or the property of the
Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of such Debt Securities
shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall
have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention
in such proceedings or otherwise,

 

(1) to file
and prove a claim for the whole amount of principal (and premium, if any) and interest owing and unpaid in respect of the Debt
Securities of such series and any related coupons and to file such other papers or documents as may be necessary or advisable in
order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and

 

(2) to collect
and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any receiver,
assignee, trustee, custodian, liquidator, sequestrator or other similar official in any such 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 reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607.

 

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 Debt Securities or any coupons 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 505. Trustee
May Enforce Claims without Possession of Debt Securities or Coupons.

 

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

 

Section 506. Application
of Money Collected.

 

Any money collected by
the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in
case of the distribution of such money on account of principal (and premium, if any) or interest, upon presentation of the Debt
Securities or any coupons, or both, as the case may be, 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 607;

 

SECOND: To the payment
of amounts then due and unpaid to the holders of Senior Debt, to the extent required by Article Sixteen;

 

    28

     

    

 

THIRD:
To the payment of the amounts then due and unpaid for principal of (and premium, if any) and interest on the Debt Securities
and any coupons, 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 Debt Securities and any coupons for principal (and
premium, if any) and interest, respectively. The Holders of each series of Debt Securities denominated in Euro, any other
composite currency or a Foreign Currency and any matured coupons relating thereto shall be entitled to receive a ratable
portion of the amount determined by the Exchange Rate Agent by converting the principal amount Outstanding of such series of
Debt Securities and matured but unpaid interest on such series of Debt Securities in the currency in which such series of
Debt Securities is denominated into Dollars at the Exchange Rate as of the date of declaration of acceleration of the
Maturity of the Debt Securities; and

 

FOURTH: The
balance, if any, to the Company.

 

Section 507. Limitation
on Suits.

 

No Holder of any Debt
Securities of any series or any related coupons 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

 

(1) such
Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Debt Securities
of such series;

 

(2) the Holders
of not less than 25% in principal amount of the Outstanding Debt Securities of such series shall have made written request to the
Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

 

(3) such
Holder or Holders have offered to the Trustee reasonable indemnity satisfactory to it against the costs, expenses and liabilities
to be incurred in compliance with such request;

 

(4) the Trustee
for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and

 

(5) no direction
inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in
principal amount of the Outstanding Debt Securities of such series;

 

it being understood and intended 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 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 of such Holders.

 

Section 508. Unconditional
Right of Holders to Receive Principal, Premium and Interest.

 

Notwithstanding any other
provision in this Indenture, the Holder of any Debt Security or coupon shall have the right which is absolute and unconditional
to receive payment of the principal of (and premium, if any) and (subject to Section 307) interest on such Debt Security or payment
of such coupon on the respective Stated Maturity or Maturities expressed in such Debt Security or coupon (or, in the case of redemption
or repayment, on the Redemption Date or the Repayment Date, as the case may be) and to institute suit for the enforcement of any
such payment, and such right shall not be impaired without the consent of such Holder, subject, however, to the provisions
of Article Sixteen.

 

Section 509. Restoration
of Rights and Remedies.

 

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

 

Section 510. Rights
and Remedies Cumulative.

 

Except as otherwise
provided in Section 306, 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 prevent the concurrent
assertion or employment of any other appropriate right or remedy.

 

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Section 511. Delay
or Omission Not Waiver.

 

No delay or omission
of the Trustee or of any Holder of any Debt Security or coupon 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 512. Control
by Holders of Debt Securities.

 

The Holders of a majority
in principal amount of the Outstanding Debt 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 Debt Securities of such series, provided, that

 

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

 

(2) subject
to the provisions of Section 601, the Trustee shall have the right to decline to follow any such direction if the Trustee in good
faith shall, by a Responsible Officer or Responsible Officers of the Trustee, determine that the proceedings so directed would
be unjustly prejudicial to the Holders of Debt Securities of such series not joining in any such direction; and

 

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

 

Section 513. Waiver
of Past Defaults.

 

The Holders of not less
than a majority in principal amount of the Outstanding Debt Securities of any series may on behalf of the Holders of all the Debt
Securities of any such series and any related coupons waive any past default hereunder with respect to such series and its consequences,
except a default

 

(1) in the
payment of the principal of (or premium, if any) or interest on any Debt Security of such series, or

 

(2) in respect
of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each
Outstanding Debt Security of such series or coupons affected.

 

Upon any such waiver,
such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose
of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

 

Section 514. Undertaking
for Costs.

 

All parties to this Indenture
agree, and each Holder of any Debt Security or coupon 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 and expenses, against any party litigant in such suit, having a 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 or 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
Debt Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or
premium, if any) or interest on any Debt Security or the payment of any coupons on or after the respective Stated Maturity or Maturities
expressed in such Debt Security or coupon (or, in the case of redemption or repayment, on or after the Redemption Date or Repayment
Date, as the case may be).

 

Section 515. Waiver
of Stay or Extension Laws.

 

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

 

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ARTICLE SIX

The Trustee

 

Section 601. Certain
Duties and Responsibilities.

 

(a) Except during the
continuance of an Event of Default,

 

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

 

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

 

(b) In case an Event
of Default has occurred and is continuing, the Trustee shall exercise such of 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 his or her own affairs.

 

(c) No provision of this
Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act,
or its own willful misconduct, except that

 

(i) this
subsection shall not be construed to limit the effect of subsection (a) of this Section 601;

 

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

 

(iii) the
Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the
direction of the Holders of a majority in principal amount of the Outstanding Debt Securities of any series, determined as provided
in Sections 101, 104 and 512, 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 Debt Securities
of such series; and

 

(iv) no provision
of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance
of any of its duties hereunder, or in the exercise of any of its rights or powers.

 

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

 

Section 602. Notice
of Default.

 

If a default occurs
hereunder with respect to Debt Securities of any series the Trustee shall transmit by mail to all Holders of Debt Securities
of such series notice of such default as and to the extent provided by the Trust Indenture Act; provided, however,
that in the case of any default of the character specified in Section 501(4) with respect to Debt Securities of such series
no such notice to Holders shall be given until at least 30 days after the occurrence thereof; and provided further,
that, except in the case of a default in the payment of principal of (or premium, if any) or interest on any Debt Security of
such series or related coupons or in the payment of any sinking fund installment with respect to Debt Securities of such
series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive
committee or a trust committee of directors and/or a Responsible Officer of the Trustee in good faith determines that the
withholding of such notice is in the interest of the Holders of the Debt Securities of such series. For the purpose of this
Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an
Event of Default with respect to Debt Securities of such series.

 

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Section 603. Certain
Rights of Trustee.

 

Except as otherwise provided
in Section 601:

 

(a) the Trustee may conclusively
rely and shall be fully protected in acting or refraining from acting upon any signature, resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon 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 party or parties;

 

(b) any request or direction
of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the
Board of Directors shall be sufficiently evidenced by a Board Resolution;

 

(c) whenever in the administration
of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting
any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on
its part, rely upon an Officers’ Certificate;

 

(d) 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 in good faith and in reliance thereon;

 

(e) the Trustee shall
be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any
of the Holders of Debt Securities of such series or any related coupons pursuant to this Indenture, 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;

 

(f) the Trustee shall
not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon, 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, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine
the books, records and premises of the Company, personally or by agent or attorney, other than any such books or records containing
information as to the affairs of the customers of the Company or any of its subsidiaries; provided that the Trustee may
examine such books and records relating to customers to the extent that such books and records contain information as to any payments
made to such customers in their capacity as Holders of Debt Securities; and provided further that the Trustee shall incur
no liability or additional liability of any kind by reason of such inquiry or investigation; and

 

(g) the Trustee may execute
any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and
the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care
by it hereunder; no Exchange Rate Agent, Global Exchange Agent, Depositary or Paying Agent shall be deemed an agent of the Trustee
and the Trustee shall not be responsible for any act or omission by any of them.

 

Section 604. Not
Responsible for Recitals or Issuance of Debt Securities.

 

The recitals contained
herein and in the Debt Securities, except the Trustee’s certificates of authentication, and in any coupons, and the information
in any registration statement, including all attachments thereto, except information provided by the Trustee therein, shall be
taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations
as to the validity or sufficiency of this Indenture or of the Debt Securities of any series or any coupons. The Trustee shall not
be accountable for the use or application by the Company of any Debt Securities or the proceeds thereof. The Trustee shall not
be responsible for and makes no representations as to the Company’s ability or authority to issue Bearer Securities or the
lawfulness thereof.

 

Section 605. May
Hold Debt Securities or Coupons.

 

The Trustee, any
Paying Agent, the Security Registrar or any other agent of the Company or the Trustee, in its individual or any other
capacity, may become the owner or pledgee of Debt Securities and coupons, and, subject to Sections 608 and 613, may otherwise
deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar or such
agent.

 

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Section 606. Money
Held in Trust.

 

Money held by the Trustee
or any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required by law. Neither the
Trustee nor any Paying Agent shall be under any liability for interest on any money received by it hereunder except as otherwise
agreed with the Company.

 

Section 607. Compensation
and Reimbursement.

 

The Company agrees

 

(1) to pay
to the Trustee from time to time such compensation for all services rendered by it hereunder which shall have been separately agreed
to from time to time in writing by the Company and the Trustee (which compensation shall not be limited by any provision of law
in regard to the compensation of a trustee of an express trust);

 

(2) except
as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and
advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation
and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable
to its negligence or willful misconduct; and

 

(3) to fully
indemnify the Trustee for, and to hold it harmless against, any and all claims, losses, liabilities, damages or expenses (including
taxes other than taxes based upon the income of the Trustee) incurred without negligence or willful misconduct on its part, arising
out of or in connection with the acceptance or administration of this trust or performance of its duties hereunder, including the
costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of
its powers or duties hereunder.

 

As security for the performance
of the obligations of the Company under this Section the Trustee shall have a claim prior to the Debt Securities and any coupons
upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of
(and premium, if any) or interest on particular Debt Securities or any coupons. The claims of the Trustee under this Section shall
not be subject to the provisions of Article Sixteen.

 

Section 608. Disqualification;
Conflicting Interests.

 

If the Trustee has or
shall acquire any conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest
or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.
To the extent permitted by such Act, the Trustee shall not be deemed to have a conflicting interest with respect to Debt Securities
of any series by virtue of being a trustee under this Indenture with respect to any particular series of Debt Securities.

 

Section 609. Corporate
Trustee Required; Eligibility.

 

There shall at all times
be a Trustee hereunder which shall be a corporation that is eligible pursuant to the Trust Indenture Act to act as such and organized
and doing business under the laws of the United States, any State thereof or the District of Columbia, authorized under such laws
to exercise corporate trust powers, having a combined capital and surplus of at least $5,000,000, and subject to supervision or
examination by Federal or State authority; provided, however, that if Section 310(a) of the Trust Indenture Act or the rules
and regulations of the Commission under the Trust Indenture Act at any time permit a corporation organized and doing business under
the laws of any other jurisdiction to serve as trustee of an indenture qualified under the Trust Indenture Act, this Section 609
shall be automatically amended to permit a corporation organized and doing business under the laws of any such other jurisdiction
to serve as Trustee hereunder. If such corporation publishes reports of condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and
surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition
so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall
resign promptly in the manner and with the effect hereinafter specified in this Article.

 

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Section 610. Resignation
and Removal; Appointment of Successor.

 

(a) No resignation or
removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance
of appointment by the successor Trustee under Section 611.

 

(b) The Trustee may resign
at any time with respect to the Debt Securities of one or more series by giving written notice thereof to the Company. If an instrument
of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice
of resignation, the resigning Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment
of a successor Trustee with respect to the Debt Securities of such series.

 

(c) The Trustee may be
removed at any time with respect to the Debt Securities of any series by Act of the Holders of a majority in principal amount of
the Outstanding Debt Securities of such series, delivered to the Trustee and to the Company. If an instrument of acceptance by
a successor Trustee shall not have been delivered to the Trustee within 30 days of receipt of such Act specifying removal, the
removed Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor
Trustee with respect to the Debt Securities of such series.

 

(d) If at any time:

 

(1) the Trustee
shall fail to comply with Section 608 with respect to the Debt Securities of any series after written request therefor by the Company
or by any Holder who has been a bona fide Holder of a Debt Security of such series for at least six months, or

 

(2) the Trustee
shall cease to be eligible under Section 609 with respect to any series of Debt Securities and shall fail to resign after written
request therefor by the Company or by any such Holder, or

 

(3) the Trustee
shall become incapable of acting with respect to any series of Debt Securities or a decree or order for relief by a court having
jurisdiction in the premises shall have been entered in respect of the Trustee in an involuntary case under the Federal bankruptcy
laws, as now or hereafter constituted, or any other applicable Federal or State bankruptcy, insolvency or similar law; or a decree
or order by a court having jurisdiction in the premises shall have been entered for the appointment of a receiver, custodian, liquidator,
assignee, trustee, sequestrator or other similar official of the Trustee or of its property or affairs, or any public officer shall
take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation, winding up
or liquidation, or

 

(4) the Trustee
shall commence a voluntary case under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable Federal
or State bankruptcy, insolvency or similar law or shall consent to the appointment of or taking possession by a receiver, custodian,
liquidator, assignee, trustee, sequestrator or other similar official of the Trustee or its property or affairs, or shall make
an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they become due,
or shall take corporate action in furtherance of any such action,

 

then, in any such case, (i) the Company
by a Board Resolution may remove the Trustee with respect to such series or (ii) subject to Section 514, any Holder who has been
a bona fide Holder of a Debt Security of any series for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the Trustee for the Debt Securities of such series and
the appointment of a successor Trustee. In addition, the Company may remove the Trustee if the Company shall determine by a Board
Resolution that the services provided by the Trustee hereunder may be obtained at a substantially lower cost to the Company.

 

(e) If the Trustee
shall resign, be removed or become incapable of acting with respect to any series of Debt Securities, or if a vacancy shall
occur in the office of Trustee for any cause, with respect to the Debt Securities of one or more series, the Company, by a
Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Debt Securities of that or those
series (it being understood that any such successor Trustee may be appointed with respect to the Debt Securities of one or
more or all of such series and that at any time there shall be only one Trustee with respect to the Debt Securities of any
particular series) and shall comply with the applicable requirements of Section 611. If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Debt
Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Debt
Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall,
forthwith upon its acceptance of such appointment, become the successor Trustee with respect to the Debt Securities of such
series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to
the Debt Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the
manner hereinafter provided, any Holder who has been a bona fide Holder of a Debt Security of such series for at least six
months may, subject to Section 514, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Debt Securities of such series.

 

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(f) The Company shall
give notice of each resignation and each removal of the Trustee with respect to the Debt Securities of any series and each appointment
of a successor Trustee with respect to the Debt Securities of any series by mailing written notice of such event by first-class
mail, postage prepaid, to the Holders of Registered Securities, if any, of such series as their names and addresses appear in the
Security Register and, if Debt Securities of such series are issuable as Bearer Securities, by publishing notice of such event
once in an Authorized Newspaper in each Place of Payment located outside the United States. Each notice shall include the name
of the successor Trustee with respect to the Debt Securities of such series and the address of its Corporate Trust Office.

 

Section 611. Acceptance
of Appointment by Successor.

 

(a) In the case of an
appointment hereunder of a successor Trustee with respect to all Debt Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon
the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act,
deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request
of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges due under Section 607 hereof,
execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee,
and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder.

 

(b) In the case of the
appointment hereunder of a successor Trustee with respect to the Debt Securities of one or more (but not all) series, the Company,
the retiring Trustee upon payment of its charges and each successor Trustee with respect to the Debt Securities of one or more
series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment
and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each
successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that
or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect
to all Debt Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that or those series as to which the retiring
Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions
of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of
the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or
trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture, the
resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Debt Securities of that or those series to which the appointment of such successor Trustee relates;
but, on the request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Debt Securities of that or
those series to which the appointment of such successor Trustee relates.

 

(c) Upon request of any
such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming
to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may
be.

 

(d) No successor Trustee
shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under
this Article.

 

Section 612. Merger,
Conversion, Consolidation or Succession to Business.

 

Any corporation
into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or
substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided
such corporation shall be otherwise qualified and eligible under this Article, without the executing or filing of any paper
or any further act on the part of any of the parties hereto. In case any Debt Securities shall have been authenticated, but
not delivered, by the Trustee then in office, any successor by merger, conversion, consolidation or sale to such
authenticating Trustee may adopt such authentication and deliver the Debt Securities so authenticated with the same effect as
if such successor Trustee had itself authenticated such Debt Securities. In case any Debt Securities shall not have been
authenticated by such predecessor Trustee, any such successor Trustee may authenticate and deliver such Debt Securities, in
either its own name or that of its predecessor Trustee, with the full force and effect which this Indenture provides for the
certificate of authentication of the Trustee.

 

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Section 613. Preferential
Collection of Claims Against Company.

 

If and when the Trustee
shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company (or any other obligor upon the
Debt Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding collection of claims against
the Company (or any such other obligor).

 

Section 614. Authenticating
Agent.

 

The Trustee shall upon
Company request appoint one or more authenticating agents with respect to one or more series of Debt Securities which shall be
authorized on behalf of the Trustee in authenticating Debt Securities of such series in connection with the issue, delivery, registration
of transfer, exchange, partial redemption or repayment of such Debt Securities. Wherever reference is made in this Indenture to
the authentication of Debt Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall
be deemed to include authentication on behalf of the Trustee by an authenticating agent and a certificate of authentication executed
on behalf of the Trustee by an authenticating agent. Each authenticating agent must be acceptable to the Company and must be a
corporation organized and doing business under the laws of the United States or of any State, having a combined capital and surplus
of at least $1,000,000, authorized under such laws to do a trust business and subject to supervision or examination by Federal
or State authorities or the equivalent foreign authority in the case of an authenticating agent who is not organized and doing
business under the laws of the United States or of any State thereof or the District of Columbia.

 

Any corporation succeeding
to the corporate agency business of an authenticating agent shall continue to be an authenticating agent without the execution
or filing of any paper or any further act on the part of the Trustee or such authenticating agent.

 

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

 

The Trustee agrees to
pay to each authenticating agent from time to time reasonable compensation for its services under this Section, and the Trustee
shall be entitled to be reimbursed for such payment, subject to the provisions of Section 607.

 

The provisions of Sections
104, 111, 306, 309, 603, 604, 605 and 607 shall be applicable to any authenticating agent.

 

Pursuant to each appointment
made under this Section, the Debt Securities of each series covered by such appointment may have endorsed thereon, in lieu of the
Trustee’s certificate of authentication, an alternate certificate of authentication in substantially the following form:

 

This is one of the Debt
Securities, of the series designated herein, described in the within-mentioned Indenture.

 

	 	[______________________]
	 	 	 
	 	By	 
	 	 	As Authenticating Agent for the Trustee
	 	By	 
	 	 	Authorized Signatory
	 	Dated	 

 

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ARTICLE SEVEN

Holders’ Lists and Reports By Trustee and Company

 

Section 701. Company
to Furnish Trustee Names and Addresses of Holders.

 

The Company will furnish
or cause to be furnished to the Trustee with respect to Debt Securities of each series for which it acts as Trustee:

 

(1) semi-annually,
not more than 15 days after the Regular Record Date in respect of the Debt Securities of such series or on May 15 and November
15 of each year with respect to each series of Debt Securities for which there are no Regular Record Dates, a list, in such form
as the Trustee may reasonably require, of the names and addresses of the Holders of Registered Securities as of such Regular Record
Date or May 1 or November 1, as the case may be, and

 

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

 

provided, however, that if and so
long as the Trustee shall be the Security Registrar, no such list need be furnished.

 

Section 702. Preservation
of Information; Communications to Holders.

 

(a) The Trustee shall
preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of Registered Securities contained
in the most recent list furnished to the Trustee as provided in Section 701 and the names and addresses of Holders of Registered
Securities received by the Trustee in its capacity as Paying Agent or Security Registrar, if so acting. The Trustee may destroy
any list furnished to it as provided in Section 701 upon receipt of a new list so furnished. The Trustee shall preserve for at
least two years the names and addresses of Holders of Bearer Securities filed with the Trustee by such Holders.

 

(b) The rights of Holders
to communicate with other Holders with respect to their rights under this Indenture or under the Debt Securities, and the corresponding
rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act.

 

(c) Every Holder of Debt
Securities or coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor
the Trustee shall be held accountable by reason of any disclosure of information as to the names and addresses of the Holders made
pursuant to the Trust Indenture Act.

 

Section 703. Reports
by Trustee.

 

(a) Within 60 days after
May 15 of each year commencing with the first May 15 after the first issuance of Debt Securities pursuant to this Indenture and
at any other time required by the Trust Indenture Act, the Trustee shall transmit to Holders such reports concerning the Trustee
and its actions under this Indenture and such other matters as may be required pursuant to the Trust Indenture Act in the manner
required by the Trust Indenture Act.

 

(b) A copy of each such
report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any Debt
Securities of such series are listed, with the Commission and also with the Company. The Company will notify the Trustee when any
series of Debt Securities are listed on any stock exchange.

 

Section 704. Reports
by Company.

 

The Company shall
file with the Trustee and the Commission, and transmit to Holders such information, documents and other reports, and such
summaries thereof, as may be required pursuant to the Trust Indenture Act at the time and in the manner pursuant to such Act; provided that
such information, documents or reports required to be filed with the Commission pursuant to Section 13 or Section 15(d) of
the Exchange Act shall be filed with the Trustee within 15 days of filing with the Commission.

 

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

 

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ARTICLE EIGHT

Consolidation, Merger, Conveyance, Transfer or Lease

 

Section 801. Company
May Consolidate, etc. Only on Certain Terms.

 

The Company shall not
consolidate with or merge into any other corporation or convey, transfer or lease its properties and assets substantially as an
entirety to any Person, unless:

 

(1) the corporation
formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which
leases, the properties and assets of the Company substantially as an entirety shall be a corporation organized and existing under
the laws of the United States of America, any political subdivision thereof or any State thereof and shall expressly assume, by
an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual
payment of the principal of (and premium, if any) and interest (including all additional amounts, if any, payable pursuant to Section
1004) on all the Debt Securities and any related coupons and the performance of every covenant of this Indenture on the part of
the Company to be performed or observed;

 

(2) immediately
after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time, or both, would
become an Event of Default, shall have happened and be continuing; and

 

(3) the Company
has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger,
conveyance, transfer or lease and such supplemental indenture comply with this Article and that all conditions precedent herein
provided for relating to such transaction have been met.

 

Section 802. Successor
Corporation Substituted.

 

Upon any consolidation
with or merger into any other corporation, or any conveyance, transfer or lease of the properties and assets of the Company substantially
as an entirety in accordance with Section 801, the successor corporation formed by such consolidation or into which the Company
is merged or to which such conveyance, transfer or lease 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 had been named as the Company herein,
and thereafter, except in the case of a lease of the properties and assets of the Company substantially as an entirety, the Company
(which term for this purpose shall mean the Person named as the “Company” in the first paragraph of this instrument
or any successor corporation which shall theretofore have become such in the manner presented in this Article) shall be relieved
of all obligations and covenants under this Indenture and the Debt Securities and any coupons.

 

ARTICLE NINE

Supplemental Indentures

 

Section 901. Supplemental
Indentures without Consent of Holders.

 

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

 

(1) to evidence
the succession of another corporation to the Company, and the assumption by such successor of the covenants of the Company herein
and in the Debt Securities contained; or

 

(2) to
add to the covenants of the Company, for the benefit of the Holders of all or any series of Debt Securities or coupons (and
if such covenants are to be for the benefit of less than all series of Debt Securities or coupons, stating that such
covenants are expressly being included solely for the benefit of such series), to convey, transfer, assign, mortgage or
pledge any property to or with the Trustee, or to surrender any right or power herein conferred upon the Company; or

 

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(3) to add
any additional Events of Default (and if such Events of Default are to be applicable to less than all series of Debt Securities,
stating that such Events of Default are expressly being included solely to be applicable to such series); or

 

(4) to add
to, change or eliminate any of the provisions of this Indenture to provide that Bearer Securities may be registrable as to principal,
to change or eliminate any restrictions on the payment of principal (or premium, if any) on Registered Securities or of principal
(or premium, if any) or any interest on Bearer Securities, to permit Bearer Securities to be issued in exchange for Registered
Securities of other authorized denominations or to permit or facilitate the issuance of Debt Securities in uncertificated form,
provided any such action shall not adversely affect the interests of the Holders of Debt Securities of any series or any
related coupons in any material respect; or

 

(5) to change
or eliminate any of the provisions of this Indenture, provided that any such change or elimination (a) shall become effective
only when there is no Debt Security Outstanding of any series created prior to the execution of such supplemental indenture which
is entitled to the benefit of such provisions or (b) shall not apply to any Debt Security Outstanding; or

 

(6) to establish
the form or terms of Debt Securities of any series as permitted by Sections 201 and 301; or

 

(7) to evidence
and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Debt 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, pursuant to the requirements of Section 611(b); or

 

(8) to cure
any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein,
to make any other provisions with respect to matters or questions arising under this Indenture which shall not be inconsistent
with the provisions of this Indenture, or to make any other additions to, deletions from and other changes to the provisions hereof,
provided such other provisions shall not adversely affect the interests of the Holders of Debt Securities of any series
or any related coupons in any material respect; or

 

(9) to add
to or change or eliminate any provision of this Indenture as shall be necessary or desirable in accordance with any amendments
to the Trust Indenture Act, provided such action shall not adversely affect the interest of Holders of Debt Securities of
any series or any related coupons in any material respect.

 

Section 902. Supplemental
Indentures with Consent of Holders.

 

With the consent of the
Holders of not less than a majority in principal amount of the Outstanding Debt Securities of all series affected by such supplemental
indenture, acting together as a class, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized
by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner
the rights of the Holders under this Indenture of such Debt Securities of such series and any related coupons; provided, however,
that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Debt Security or coupon affected
thereby,

 

(1) change
the Stated Maturity of the principal or any installment of principal of, or any installment of interest on, any Debt Security,
or reduce the principal amount thereof or the interest thereon or any premium payable upon redemption or repayment thereof, or
change any obligation of the Company to pay additional amounts pursuant to Section 1004 (except as contemplated by Section 801(1)
and permitted by Section 901(1)), or reduce the amount of the principal of an Original Issue Discount Security that would be due
and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, or change any Place of Payment,
or the coin or currency in which any Debt Security or the interest thereon or any coupon is payable, or impair the right to institute
suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repayment,
on or after the Redemption Date or Repayment Date, as the case may be); or

 

(2) reduce
the percentage in principal amount of the Outstanding Debt Securities of any series, the consent of whose Holders is required for
any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions
of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or reduce the requirements
of Section 1404 for quorum or voting; or

 

    39

     

    

 

(3) modify
any of the provisions of this Section, Section 513 or Section 1006, except to increase any such percentage or to provide that certain
other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Debt Security
affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect
to changes in the references to “the Trustee” and concomitant changes in this Section and Section 1006, or the deletion
of this proviso, in accordance with the requirements of Section 611(b) and 901(7); or

 

(4) adversely
affect the right to repayment, if any, of Debt Securities of any series at the option of the Holders thereof;

 

and provided, further, that no change
shall be made in the provisions of Article Sixteen that will affect adversely the holders of Senior Debt without the consent of
the holders of all Senior Debt outstanding.

 

A supplemental indenture
which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the
benefit of one or more particular series of Debt Securities, or which modifies the rights of the Holders of Debt

 

Securities of such series with respect
to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Debt Securities
of any other series.

 

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

 

Section 903. Execution
of Supplemental Indentures.

 

In executing, or accepting
the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts
created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying
upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture.
The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own
rights, duties or immunities under this Indenture or otherwise.

 

Section 904. Effect
of Supplemental Indentures.

 

Upon the execution of
any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental
indenture shall form a part of this Indenture for all purposes; and every Holder of Debt Securities theretofore or thereafter authenticated
and delivered hereunder and of any coupons appertaining thereto shall be bound thereby.

 

Section 905. Conformity
with Trust Indenture Act.

 

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

 

Section 906. Reference
in Debt Securities to Supplemental Indentures.

 

Debt Securities of any
series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if
required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture.
If the Company shall so determine, new Debt Securities of any series and any related coupons so modified as to conform, in the
opinion of the Trustee and the Board of Directors, to any such supplemental indenture may be prepared and executed by the Company
and authenticated and delivered by the Trustee in exchange for Outstanding Debt Securities of such series and any related coupons.

 

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ARTICLE TEN

Covenants

 

Section 1001. Payment
of Principal, Premium and Interest.

 

The Company covenants
and agrees for the benefit of each series of Debt Securities and any related coupons that it will duly and punctually pay the principal
of (and premium, if any) and interest on the Debt Securities and any related coupons in accordance with the terms of the Debt Securities,
any related coupons and this Indenture. Any interest due on Bearer Securities on or before Maturity, other than additional amounts,
if any, payable as provided in Section 1004 in respect of principal of (or premium, if any, on) such a Debt Security, shall be
payable only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as
they severally mature.

 

Section 1002. Maintenance
of Office or Agency.

 

The Company will maintain
in each Place of Payment for any series of Debt Securities an office or agency where Debt Securities (but, except as otherwise
provided below, unless such Place of Payment is located outside the United States, not Bearer Securities) may be presented or surrendered
for payment, where Debt Securities may be surrendered for registration of transfer or exchange and where notices and demands to
or upon the Company in respect of the Debt Securities and this Indenture may be served. If Debt Securities of a series are issuable
as Bearer Securities, the Company will maintain, subject to any laws or regulations applicable thereto, an office or agency in
a Place of Payment for such series which is located outside the United States where Debt Securities of such series and the related
coupons may be presented and surrendered for payment (including payment of any additional amounts payable on Debt Securities of
such series pursuant to Section 1004); provided, however, that if the Debt Securities of such series are listed on any stock
exchange located outside the United States and such stock exchange shall so require, the Company will maintain a Paying Agent in
any required city located outside the United States so long as the Debt Securities of such series are listed on such exchange.
The Company will give prompt written notice to the Trustee of the location, and any change in the location, of any such office
or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee
with the address thereof, such presentations, surrenders, notices or demands may be made or served at the Corporate Trust Office
of the Trustee, and the Company hereby appoints the Trustee its agent to receive all presentations, surrenders, notices and demands,
except that Bearer Securities of that series and the related coupons may be presented and surrendered for payment (including payment
of any additional amounts payable on Bearer Securities of that series pursuant to Section 1004) at the place specified for the
purpose pursuant to Section 301(5).

 

No payment of principal
of, premium or interest on Bearer Securities shall be made at any office or agency of the Company in the United States or by check
mailed to any address in the United States or by transfer to an account maintained with a bank located in the United States; provided,
however, payment of principal of and any premium and interest denominated in Dollars (including additional amounts payable
in respect thereof) on any Bearer Security may be made at an office or agency of, and designated by, the Company located in the
United States if (but only if) payment of the full amount of such principal, premium, interest or additional amounts in Dollars
at all offices outside the United States maintained for the purpose by the Company in accordance with this Indenture is illegal
or effectively precluded by exchange controls or other similar restrictions and the Trustee receives an Opinion of Counsel that
such payment within the United States is legal. Unless otherwise provided as contemplated by Section 301 with respect to any series
of Debt Securities, at the option of the Holder of any Bearer Security or related coupon, payment may be made by check in the currency
designated for such payment pursuant to the terms of such Bearer Security presented or mailed to an address outside the United
States or by transfer to an account in such currency maintained by the payee with a bank located outside the United States.

 

The Company may also
from time to time designate one or more other offices or agencies (in or outside of such Place of Payment) where the Debt Securities
of one or more series and any related coupons (subject to the preceding paragraph) may be presented or surrendered for any or all
such purposes, and may from time to time rescind such designations; provided, however, that no such designation or rescission
shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for any series
of Debt Securities for such purposes. The Company will give prompt written notice to the Trustee of any such designation and any
change in the location of any such other office or agency.

 

Section 1003. Money
for Debt Securities Payments to Be Held in Trust.

 

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

 

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

 

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

 

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

 

(2) give
the Trustee notice of any default by the Company (or any other obligor upon the Debt Securities of such series or any related coupons)
in the making of any payment of principal of (and premium, if any) or interest on the Debt Securities of such series or any related
coupons; and

 

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

 

The Company may at any
time, for the purpose of terminating its obligations under this Indenture with respect to Debt Securities of any series or for
any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company
or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company
or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further
liability with respect to such money.

 

Any principal and interest
received on the Eligible Instruments deposited with the Trustee or any money deposited with the Trustee or any Paying Agent, or
then held by the Company, in trust for the payment of the principal of (and premium, if any) or interest on any Debt Security of
any series or any related coupons or any money on deposit with the Trustee or any Paying Agent representing amounts deducted from
the Redemption Price or Repayment Price with respect to unmatured coupons not presented upon redemption or exercise of the Holder’s
option for repayment pursuant to Section 1106 or 1303 and remaining unclaimed for two years after such principal (and premium,
if any) or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company)
shall be discharged from such trust; and the Holder of such Debt Security or any coupon appertaining thereto shall thereafter,
as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying
Agent with respect to such trust money (including the principal and interest received on Eligible Instruments deposited with the
Trustee), and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee
or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published
once, in an Authorized Newspaper of general circulation in the [Borough of Manhattan, The City of New York], and each Place of
Payment or mailed to each such Holder, or both, notice that such money remains unclaimed and that, after a date specified therein,
which shall not be less than 30 days from the date of such publication or mailing, any unclaimed balance of such money then remaining
will be repaid to the Company.

 

Section 1004. Payment
of Additional Amounts.

 

If the Debt
Securities of a series provide for the payment of additional amounts, the Company will pay to the Holder of any Debt Security
of any series or any coupon appertaining thereto additional amounts upon the terms and subject to the conditions provided
therein. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of (or premium, if any)
or interest on, or in respect of, any Debt Security of any series or any related coupon or the net proceeds received on the
sale or exchange of any Debt Security of any series, such mention shall be deemed to include mention of the payment of
additional amounts provided for in the terms of such Debt Securities and this Section to the extent that, in such context,
additional amounts are, were or would be payable in respect thereof pursuant to the provisions of this Section and express
mention of the payment of additional amounts (if applicable) in any provisions hereof shall not be construed as excluding
additional amounts in those provisions hereof where such express mention is not made.

 

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If the Debt Securities
of a series provide for the payment of additional amounts, at least 10 days prior to the first Interest Payment Date with respect
to that series of Debt Securities (or if the Debt Securities of that series will not bear interest prior to Maturity, the first
day on which a payment of principal (and premium, if any) is made), and at least 10 days prior to each date of payment of principal
(and premium, if any) or interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’
Certificate, the Company will furnish the Trustee and the Company’s principal Paying Agent or Paying Agents, if other than
the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment
of principal of (and premium, if any) or interest on the Debt Securities of that series shall be made to Holders of Debt Securities
of that series or the related coupons who are United States Aliens without withholding for or on account of any tax, assessment
or other governmental charge described in the Debt Securities of that series. If any such withholding shall be required, then such
Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders
of Debt Securities or coupons and the Company will pay to the Trustee or such Paying Agent the additional amounts, if any, required
by the terms of such Debt Securities and the first paragraph of this Section. The Company covenants to indemnify the Trustee and
any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence
or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’
Certificate furnished pursuant to this Section.

 

Section 1005. Officers’
Certificate as to Default.

 

The Company will deliver
to the Trustee, on or before a date not more than four months after the end of each fiscal year of the Company ending after the
date hereof, an Officers’ Certificate, stating whether or not to the best knowledge of the signers thereof the Company is
in default in the performance and observance of any of the terms, provisions and conditions of this Indenture, and, if the Company
shall be in default, specifying all such defaults and the nature thereof of which they may have knowledge.

 

Section 1006. Waiver
of Certain Covenants.

 

The Company may omit
in any particular instance to comply with any covenant or condition applicable to the Debt Securities of any series pursuant to
Section 301 unless such covenant or condition is determined pursuant to Section 301 not to be subject to this provision if, before
the time for such compliance the Holders of at least a majority in principal amount of all series of the Debt Securities at the
time Outstanding to which such covenant or condition applies shall, acting together as a class, by Act of such Holders, either
waive such compliance in such instance or generally waive compliance with such covenant or condition, but no such waiver shall
extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective,
the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full
force and effect.

 

ARTICLE ELEVEN

Redemption of Debt Securities

 

Section 1101. Applicability
of Article.

 

Debt Securities of any
series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise
specified as contemplated by Section 301 for Debt Securities of any series) in accordance with this Article.

 

Section 1102. Election
to Redeem; Notice to Trustee.

 

The election of the
Company to redeem any Debt Securities shall be evidenced by a Board Resolution. In case of any redemption at the election of
the Company of less than all of the Debt Securities of any series, the Company shall, at least 45 days prior to the
Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of
such Redemption Date and of the principal amount and the tenor and terms of the Debt Securities of any series to be redeemed.
In the case of any redemption of Debt Securities prior to the expiration of any restriction on such redemption provided in
the terms of such Debt Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an
Officers’ Certificate evidencing compliance with such restriction.

 

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Section 1103. Selection
by Trustee of Debt Securities to be Redeemed.

 

Except as otherwise specified
as contemplated by Section 301 for Debt Securities of any series, if less than all the Debt Securities of any series with like
tenor and terms are to be redeemed, the particular Debt Securities to be redeemed shall be selected not more than 60 days prior
to the Redemption Date by the Trustee, from the Outstanding Debt Securities of such series with like tenor and terms not previously
called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for
redemption of portions (equal to the minimum authorized denomination for Debt Securities of such series or any integral multiple
thereof which is also an authorized denomination) of the principal amount of Registered Securities or Bearer Securities (if issued
in more than one authorized denomination) of such series of a denomination larger than the minimum authorized denomination for
Debt Securities of such series.

 

The Trustee shall promptly
notify the Company in writing of the Debt Securities selected for redemption and, in the case of any Debt Securities selected for
partial redemption, the principal amount thereof to be redeemed.

 

For all purposes of this
Indenture, unless the context otherwise requires, all provisions relating to the redemption of Debt Securities shall relate, in
the case of any Debt Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Debt Security
which has been or is to be redeemed.

 

Section 1104. Notice
of Redemption.

 

Notice of redemption
shall be given in the manner provided in Section 106 not less than 30 nor more than 60 days prior to the Redemption Date, to each
Holder of Debt Securities to be redeemed.

 

All notices of redemption
shall state:

 

(1) the Redemption
Date;

 

(2) the Redemption
Price;

 

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

 

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

 

(5) the Place
or Places of Payment where such Debt Securities, together in the case of Bearer Securities with all coupons, if any, appertaining
thereto maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price;

 

(6) that
Bearer Securities may be surrendered for payment only at such place or places which are outside the United States, except as otherwise
provided in Section 1002;

 

(7) that
the redemption is for a sinking fund, if such is the case; and

 

(8) the CUSIP
number, if any.

 

A notice of redemption
published as contemplated by Section 106 need not identify particular Registered Securities to be redeemed.

 

Notice of redemption
of Debt Securities to be redeemed at the election of the Company shall be given by the Company, or, at the Company’s request,
by the Trustee in the name and at the expense of the Company.

 

Section 1105. Deposit
of Redemption Price.

 

On or prior to any
Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own
Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money and/or, to the extent the Debt
Securities to be redeemed are denominated and payable in Dollars only, Eligible Instruments the payments of principal and
interest on which when due (and without reinvestment and providing no tax liability will be imposed upon the Trustee or the
Holders of the Debt Securities to be redeemed) will provide money on or prior to the Redemption Date in such amounts as will
(together with any money irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay the
Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Debt
Securities or portions thereof which are to be redeemed on that date; provided, however, that deposits with respect to
Bearer Securities shall be made with a Paying Agent or Paying Agents located outside the United States except as otherwise
provided in Section 1002, unless otherwise specified as contemplated by Section 301.

 

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Section 1106. Debt
Securities Payable on Redemption Date.

 

Notice of redemption
having been given as aforesaid, the Debt Securities to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified and from and after such date (unless the Company shall default in the payment of the Redemption
Price and accrued interest) such Debt Securities shall cease to bear interest and the coupons for such interest appertaining to
any Bearer Securities so to be redeemed, except to the extent provided below, shall be void. Upon surrender of any such Debt Security
for redemption in accordance with said notice, such Debt Security shall be paid by the Company at the Redemption Price, together
with accrued interest to the Redemption Date; provided, however, that installments of interest on Bearer Securities whose
Stated Maturity is on or prior to the Redemption Date shall be payable only upon presentation and surrender of coupons for such
interest (at an office or agency located outside the United States except as otherwise provided in Section 1002), and provided
further, that installments of interest on Registered Securities whose Stated Maturity is on or prior to the Redemption Date
shall be payable to the Holders of such Debt Securities, or one or more Predecessor Securities, registered as such on the relevant
Record Dates according to their terms and the provisions of Section 307.

 

If any Bearer Security
surrendered for redemption shall not be accompanied by all related coupons maturing after the Redemption Date, such Bearer Security
may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing coupons, or the surrender
of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity
as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Bearer Security shall
surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made from
the Redemption Price, such Holder shall be entitled to receive the amount so deducted without interest thereon; provided, however,
that interest represented by coupons shall be payable only upon presentation and surrender of those coupons at an office or agency
located outside of the United States except as otherwise provided in Section 1002.

 

If any Debt Security
called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until
paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debt Security.

 

Section 1107. Debt
Securities Redeemed in Part.

 

Any Registered Security
which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company, the Security Registrar
or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company, the Security
Registrar and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall
execute, and the Trustee shall authenticate and deliver to the Holder of such Debt Security without service charge, a new Registered
Security or Registered Securities of the same series and of like tenor and terms, of any authorized denominations as requested
by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Debt Security
so surrendered.

 

ARTICLE TWELVE

Sinking Funds

 

Section 1201. Applicability
of Article.

 

The provisions of this
Article shall be applicable to any sinking fund for the retirement of Debt Securities of a series except as otherwise specified
as contemplated by Section 301 for Debt Securities of such series.

 

The minimum amount
of any sinking fund payment provided for by the terms of Debt Securities of any series is herein referred to as a
 “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the term of
Debt Securities of any series is herein referred to as an “optional sinking fund payment”. If provided for by the
terms of Debt Securities of any series, the amount of any sinking fund payment may be subject to reduction as provided in
Section 1202. Each sinking fund payment shall be applied to the redemption of Debt Securities of any series as provided for
by the terms of Debt Securities of such series.

 

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Section 1202. Satisfaction
of Sinking Fund Payments with Debt Securities.

 

The Company (1) may deliver
Outstanding Debt Securities of a series (other than any previously called for redemption), together in the case of any Bearer Securities
of such series with all unmatured coupons appertaining thereto, and (2) may apply as a credit Debt Securities of a series which
have been redeemed either at the election of the Company pursuant to the terms of such Debt Securities or through the application
of permitted optional sinking fund payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all
or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the
terms of such Debt Securities as provided for by the terms of such series; provided that such Debt Securities have not been
previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the Redemption Price
specified in such Debt 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 Debt Securities in lieu of cash payments pursuant to
this Section 1202, the principal amount of Debt Securities to be redeemed in order to exhaust the aforesaid cash payment shall
be less than $100,000, the Trustee need not call Debt Securities for redemption, except upon Company Request, 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 at the request of the Company from time to time 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 Debt Securities purchased
by the Company having an unpaid principal amount equal to the cash payment requested to be released to the Company.

 

Section 1203. Redemption
of Debt Securities for Sinking Fund.

 

Not less than 60 days
prior to each sinking fund payment date for any series of Debt Securities (unless a shorter period shall be satisfactory to the
Trustee), the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking
fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment
of cash, the portion thereof, if any, which is to be satisfied by crediting Debt Securities of that series pursuant to Section
1202 and the basis for any such credit and, prior to or concurrently with the delivery of such Officers’ Certificate, will
also deliver to the Trustee any Debt Securities to be so credited and not theretofore delivered to the Trustee. Not less than 30
days (unless a shorter period shall be satisfactory to the Trustee) before each such sinking fund payment date the Trustee shall
select the Debt Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause
notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section
1104. Such notice having been duly given, the redemption of such Debt Securities shall be made upon the terms and in the manner
stated in Sections 1105, 1106 and 1107.

 

ARTICLE THIRTEEN

Repayment at the Option of Holders

 

Section 1301. Applicability
of Article.

 

Debt Securities of any
series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in accordance with
their terms and (except as otherwise specified pursuant to Section 301 for Debt Securities of such series) in accordance with this
Article.

 

Section 1302. Repayment
of Debt Securities.

 

Each Debt Security which
is subject to repayment in whole or in part at the option of the Holder thereof on a Repayment Date shall be repaid at the applicable
Repayment Price together with interest accrued to such Repayment Date as specified pursuant to Section 301.

 

Section 1303. Exercise
of Option; Notice.

 

Each Holder
desiring to exercise such Holder’s option for repayment shall, as conditions to such repayment, surrender the Debt
Security to be repaid in whole or in part together with written notice of the exercise of such option at any office or agency
of the Company in a Place of Payment, not less than 30 nor more than 45 days prior to the Repayment Date; provided,
however, that surrender of Bearer Securities together with written notice of exercise of such option shall be made at an
office or agency located outside the United States except as otherwise provided in Section 1002. Such notice, which shall be
irrevocable, shall specify the principal amount of such Debt Security to be repaid, which shall be equal to the minimum
authorized denomination for such Debt Security or an integral multiple thereof, and shall identify the Debt Security to be
repaid and, in the case of a partial repayment of the Debt Security, shall specify the denomination or denominations of the
Debt Security or Debt Securities of the same series to be issued to the Holder for the portion of the principal of the Debt
Security surrendered which is not to be repaid.

 

    46

     

    

 

If any Bearer Security
surrendered for repayment shall not be accompanied by all unmatured coupons and all matured coupons in default, such Bearer Security
may be paid after deducting from the Repayment Price an amount equal to the face amount of all such missing coupons, or the surrender
of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity
as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Bearer Security shall
surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made from
the Repayment Price, such Holder shall be entitled to receive the amount so deducted without interest thereon; provided, however,
that interest represented by coupons shall be payable only at an office or agency located outside the United States except as otherwise
provided in Section 1002.

 

The Company shall execute
and the Trustee shall authenticate and deliver without service charge to the Holder of any Registered Security so surrendered a
new Registered Security or Securities of the same series, of any authorized denomination specified in the foregoing notice, in
an aggregate principal amount equal to any portion of the principal of the Registered Security so surrendered which is not to be
repaid.

 

The Company shall execute
and the Trustee shall authenticate and deliver without service charge to the Holder of any Bearer Security so surrendered a new
Registered Security or Securities or new Bearer Security or Securities (and all related unmatured coupons and matured coupons in
default) or any combination thereof of the same series of any authorized denomination or denominations specified in the foregoing
notice, in an aggregate principal amount equal to any portion of the principal of the Debt Security so surrendered which is not
to be paid; provided, however, that the issuance of a Registered Security therefor shall be subject to applicable laws and
regulations, including provisions of the United States Federal income tax laws and regulations in effect at the time of the exchange;
neither the Company, the Trustee nor the Security Registrar shall issue Registered Securities for Bearer Securities if it has received
an Opinion of Counsel that as a result of such issuance the Company would suffer adverse consequences under the United States Federal
income tax laws then in effect and the Company has delivered to the Trustee a Company Order directing the Trustee not to make such
issuances thereafter unless and until the Trustee receives a subsequent Company Order to the contrary. The Company shall deliver
copies of such Company Order to the Security Registrar.

 

For all purposes of this
Indenture, unless the context otherwise requires, all provisions relating to the repayment of Debt Securities shall relate, in
the case of any Debt Security repaid or to be repaid only in part, to the portion of the principal of such Debt Security which
has been or is to be repaid.

 

Section 1304. Election
of Repayment by Remarketing Entities.

 

The Company may elect,
with respect to Debt Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity,
at any time prior to any Repayment Date to designate one or more Remarketing Entities to purchase, at a price equal to the Repayment
Price, Debt Securities of such series from the Holders thereof who give notice and surrender their Debt Securities in accordance
with Section 1303.

 

Section 1305. Securities
Payable on the Repayment Date.

 

Notice of exercise of
the option of repayment having been given and the Debt Securities so to be repaid having been surrendered as aforesaid, such Debt
Securities shall, unless purchased in accordance with Section 1304, on the Repayment Date become due and payable at the price therein
specified and from and after the Repayment Date such Debt Securities shall cease to bear interest and shall be paid on the Repayment
Date, and the coupons for such interest appertaining to Bearer Securities so to be repaid, except to the extent provided above,
shall be void, unless the Company shall default in the payment of such price in which case the Company shall continue to be obligated
for the principal amount of such Debt Securities and shall be obligated to pay interest on such principal amount at the rate borne
by such Debt Securities from time to time until payment in full of such principal amount.

 

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ARTICLE FOURTEEN

Meetings of Holders of Debt Securities

 

Section 1401. Purposes
for Which Meetings May Be Called.

 

If Debt Securities of
a series are issuable in whole or in part as Bearer Securities, a meeting of Holders of Debt Securities of such series may be called
at any time and from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction,
notice, consent, waiver or other Act provided by this Indenture to be made, given or taken by Holders of Debt Securities of such
series.

 

Section 1402. Call,
Notice and Place of Meetings.

 

(a) The Trustee may at
any time call a meeting of Holders of Debt Securities of any series issuable as Bearer Securities for any purpose specified in
Section 1401, to be held at such time and at such place in the [Borough of Manhattan, The City of New York, or in London] as the
Trustee shall determine. Notice of every meeting of Holders of Debt Securities of any series, setting forth the time and the place
of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in
Section 106, not less than 21 nor more than 180 days prior to the date fixed for the meeting.

 

(b) In case at any time
the Company, pursuant to a Board Resolution, or the Holders of at least 10% in principal amount of the Outstanding Debt Securities
of any series shall have requested the Trustee to call a meeting of the Holders of Debt Securities of such series for any purpose
specified in Section 1401, by written request setting forth in reasonable detail the action proposed to be taken at the meeting,
and the Trustee shall not have made the first publication of the notice of such meeting within 21 days after receipt of such request
or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Debt Securities
of such series in the amount above specified, as the case may be, may determine the time and the place in the [Borough of Manhattan,
The City of New York, or in London] for such meeting and may call such meeting for such purposes by giving notice thereof as provided
in subsection (a) of this Section.

 

Section 1403. Persons
Entitled to Vote at Meetings.

 

To be entitled to vote
at any meeting of Holders of Debt Securities of any series, a Person shall be (1) a Holder of one or more Outstanding Debt Securities
of such series, or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding
Debt Securities of such series by such Holder or Holders. The only Persons who shall be entitled to be present or to speak at any
meeting of Holders of Debt Securities of any series shall be the Persons entitled to vote at such meeting and their counsel, any
representatives of the Trustee and its counsel and any representatives of the Company and its counsel.

 

Section 1404. Quorum;
Action.

 

The Persons entitled
to vote a majority in principal amount of the Outstanding Debt Securities of a series shall constitute a quorum for a meeting of
Holders of Debt Securities of such series. In the absence of a quorum within 30 minutes of the time appointed for any such meeting,
the meeting shall, if convened at the request of Holders of Debt Securities of such series, be dissolved. In the absence of a quorum
in any other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairperson of the meeting
prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may
be further adjourned for a period of not less than 10 days as determined by the chairperson of the meeting prior to the adjournment
of such adjourned meeting. Notice of this reconvening of any adjourned meeting shall be given as provided in Section 1402(a), except
that such notice need be given only once not less than five days prior to the date on which the meeting is scheduled to be reconvened.
Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount
of the Outstanding Debt Securities of such series which shall constitute a quorum.

 

Except as limited
by the proviso to Section 902, any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum
is present as aforesaid may be adopted only by the affirmative vote of the Holders of majority in principal amount of the
Outstanding Debt Securities of that series, provided however, that, except as limited by the proviso to Section 902,
any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other Act which this
Indenture expressly provides may be made, given or taken by the Holders of a specified percentage, which is less than a
majority, in principal amount of the Outstanding Debt Securities of a series may be adopted at a meeting or an adjourned
meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of such
specified percentage in principal amount of the Outstanding Debt Securities of that series.

 

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Any resolution passed
or decision taken at any meeting of Holders of Debt Securities of any series duly held in accordance with this Section shall be
binding on all the Holders of Debt Securities of such series and the related coupons, whether or not present or represented at
the meeting.

 

Section 1405. Determination
of Voting Rights; Conduct and Adjournment of Meetings.

 

(a) Notwithstanding any
other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of
Holders of Debt Securities of such series in regard to proof of the holding of Debt Securities of such series and of the appointment
of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates
and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate.
Except as otherwise permitted or required by any such regulations, the holding of Debt Securities shall be proved in the manner
specified in Section 104 and the appointment of any proxy shall be proved in the manner specified in Section 104 or, in the case
of Bearer Securities, by having the signature of the person executing the proxy witnessed or guaranteed by any trust company, bank
or banker authorized by Section 104 to certify to the holding of Bearer Securities. Such regulations may provide that written instruments
appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 104 or other
proof.

 

(b) The Trustee shall,
by an instrument in writing, appoint a temporary chairperson of the meeting, unless the meeting shall have been called by the Company
or by Holders of Debt Securities as provided in Section 1402(b), in which case the Company or the Holders of Debt Securities of
the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairperson. A permanent chairperson
and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount
of the Outstanding Debt Securities of such series represented at the meeting.

 

(c) At any meeting each
Holder of a Debt Security of such series or proxy shall be entitled to one vote for each $1,000 principal amount (or the equivalent
in Euro, any other composite currency or a Foreign Currency) of Debt Securities of such series held or represented by him; provided,
however, that no vote shall be cast or counted at any meeting in respect of any Debt Security challenged as not Outstanding
and ruled by the chairperson of the meeting not to be Outstanding. The chairperson of the meeting shall have no right to vote,
except as a Holder of a Debt Security of such series or proxy.

 

(d) Any meeting of Holders
of Debt Securities of any series duly called pursuant to Section 1402 at which a quorum is present may be adjourned from time to
time by Persons entitled to vote a majority in principal amount of the Outstanding Debt Securities of such series represented at
the meeting; and the meeting may be held as so adjourned without further notice.

 

Section 1406. Counting
Votes and Recording Action of Meetings.

 

The vote upon any resolution
submitted to any meeting of Holders of Debt Securities of any series shall be by written ballots on which shall be subscribed the
signatures of the Holders of Debt Securities of such series or of their representatives by proxy and the principal amounts and
serial numbers of the Outstanding Debt Securities of such series held or represented by them. The permanent chairperson of the
meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who
shall make and file with the secretary of the meeting their verified written reports in triplicate of all votes cast at the meeting.
A record, at least in triplicate, of the proceedings of each meeting of Holders of Debt Securities of any series shall be prepared
by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any
vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice
of the meeting and showing that said notice was given as provided in Section 1402 and, if applicable, Section 1401. Each copy shall
be signed and verified by the affidavits of the permanent chairperson and secretary of the meeting and one such copy shall be delivered
to the Company, and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted
at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated.

 

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ARTICLE FIFTEEN

Defeasance

 

Section 1501. Termination
of Company’s Obligations.

 

If this Section 1501
is specified, as contemplated by Section 301, to be applicable to any series of Debt Securities and if the Company deposits irrevocably
in trust with the Trustee money and/or, to the extent such Debt Securities are denominated and payable in Dollars only, Eligible
Instruments the payments of principal and interest on which when due (and without reinvestment and providing no tax liability will
be imposed upon the Trustee or the Holders of such Debt Securities) will provide money in such amounts as will (together with any
money irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay the principal of (and premium,
if any) and any installment of principal of (and premium, if any) or interest when due on the Debt Securities of such series and
any coupons appertaining thereto and any mandatory sinking fund, repayment or analogous payments thereon on the scheduled due dates
therefor at the Stated Maturity thereof, the Company’s obligations under any covenant determined pursuant to Section 301
to be subject to this Section shall terminate with respect to the Debt Securities of the series for which such deposit was made;
provided, however, that (i) no Event of Default with respect to the Debt Securities of such series under Section 501(5)
or 501(6) or event that with notice or lapse of time or both would constitute such an Event of Default shall have occurred and
be continuing on such date, (ii) such deposit will not result in a breach 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, and (iii) such termination shall not
relieve the Company of its obligations under the Debt Securities of such series and this Indenture to pay when due the principal
of (and premium, if any) and interest and additional amounts on such Debt Securities and any coupons appertaining thereto if such
Debt Securities or coupons are not paid (or payment is not provided for) when due from the money and Eligible Instruments (and
the proceeds thereof) so deposited.

 

It shall be a condition
to the deposit of cash and/or Eligible Instruments and the termination of the Company’s obligations pursuant to the provisions
of this Section with respect to the Debt Securities of any series under any covenant determined pursuant to Section 301 to be subject
to this Section that the Company deliver to the Trustee (i) an Opinion of Counsel to the effect that: (a) Holders of Debt Securities
of such series and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as
a result of such deposit and termination and (b) such Holders (and future Holders) will be subject to tax in the same amount, manner
and timing as if such deposit and termination had not occurred, (ii) an Officers’ Certificate to the effect that under the
laws in effect on the date such money and/or Eligible Instruments are deposited with the Trustee, the amount thereof will be sufficient,
after payment of all Federal, state and local taxes in respect thereof payable by the Trustee, to pay principal (and premium, if
any) and interest when due on the Debt Securities of such series and any coupons appertaining thereto; and (iii) an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the defeasance
contemplated in this Section have been complied with.

 

It shall be an additional
condition to the deposit of cash and/or Eligible Instruments and the termination of the Company’s obligations pursuant to
the provisions of this Section under any covenant determined pursuant to Section 301 to be subject to this Section, with respect
to the Debt Securities of any series then listed, that the Company deliver an Opinion of Counsel that the Debt Securities of such
series will not be delisted as a result of such deposit and termination.

 

After a deposit as provided
herein, the Trustee shall, upon Company Request, acknowledge in writing the discharge of the Company’s obligations pursuant
to the provisions of this Section with respect to the Debt Securities of such series under any covenant determined pursuant to
Section 301 to be subject to this Section.

 

Section 1502. Repayment
to Company.

 

The Trustee and any Paying
Agent shall promptly pay to the Company upon Company Request any money or Eligible Instruments not required for the payment of
the principal of (and premium, if any) and interest on the Debt Securities of any series and any related coupons for which money
or Eligible Instruments have been deposited pursuant to Section 1501 held by them at any time.

 

The Trustee and any Paying
Agent shall promptly pay to the Company upon Company Request any money held by them for the payment of principal (and premium,
if any) and interest that remains unclaimed for two years after the Maturity of the Debt Securities for which a deposit has been
made pursuant to Section 1501. After such payment to the Company, the Holders of the Debt Securities of such series and any related
coupons shall thereafter, as unsecured general creditors, look only to the Company for the payment thereof.

 

Section 1503. Indemnity
for Eligible Instruments.

 

The Company shall pay
and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the deposited Eligible Instruments
or the principal or interest received on such Eligible Instruments.

 

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ARTICLE SIXTEEN

Subordination of Debt Securities

 

Section 1601. Debt
Securities Subordinate to Senior Debt.

 

The Company covenants
and agrees that anything in this Indenture or the Debt Securities of any series to the contrary notwithstanding, the indebtedness
evidenced by the Debt Securities of each series and any coupons appurtenant thereto is subordinate and junior in right of payment
to all Senior Debt to the extent provided herein, and each Holder of Debt Securities of each series and coupons appurtenant thereto,
by such Holder’s acceptance thereof, likewise covenants and agrees to the subordination herein provided and shall be bound
by the provisions hereof. Senior Debt shall continue to be Senior Debt and entitled to the benefits of these subordination provisions
irrespective of any amendment, modification or waiver of any term of the Senior Debt or extension or renewal of the Senior Debt.

 

In the event of

 

(i) any insolvency,
bankruptcy, receivership, liquidation, reorganization, readjustment, composition or other similar proceeding relating to the Company,
its creditors or its property,

 

(ii) any
proceeding for the liquidation, dissolution or other winding up of the Company, voluntary or involuntary, whether or not involving
insolvency or bankruptcy proceedings,

 

(iii) any
assignment by the Company for the benefit of creditors, or

 

(iv) any
other marshalling of the assets of the Company,

 

all Senior Debt (including any interest
thereon accruing after the commencement of any such proceedings) shall first be paid in full before any payment or distribution,
whether in cash, securities or other property, shall be made to any Holder of any of the Debt Securities or coupons appurtenant
thereto on account thereof. Any payment or distribution, whether in cash, securities or other property (other than securities of
the Company or any other corporation provided for by a plan of reorganization or readjustment the payment of which is subordinate,
at least to the extent provided in these subordination provisions with respect to the indebtedness evidenced by the Debt Securities,
to the payment of all Senior Debt at the time outstanding and to any securities issued in respect thereof under any such plan of
reorganization or readjustment), which would otherwise (but for these subordination provisions) be payable or deliverable in respect
of the Debt Securities of any series or coupons appurtenant thereto shall be paid or delivered directly to the holders of Senior
Debt in accordance with the priorities then existing among such holders until all Senior Debt (including any interest thereon accruing
after the commencement of any such proceedings) shall have been paid in full. In the event of any such proceeding, after payment
in full of all sums owing with respect to Senior Debt, the Holders of the Debt Securities and coupons appurtenant thereto, together
with the holders of any obligations of the Company ranking on a parity with the Debt Securities, shall be entitled to be paid from
the remaining assets of the Company the amounts at the time due and owing on account of unpaid principal of (and premium, if any)
and interest on the Debt Securities and such other obligations before any payment or other distribution, whether in cash, property
or otherwise, shall be made on account of any capital stock or any obligations of the Company ranking junior to the Debt Securities
and such other obligations.

 

In the event that,
notwithstanding the foregoing, any payment or distribution of any character or any security, whether in cash, securities or
other property (other than securities of the Company or any other corporation provided for by a plan of reorganization or
readjustment the payment of which is subordinate, at least to the extent provided in these subordination provisions with
respect to the indebtedness evidenced by the Debt Securities, to the payment of all Senior Debt at the time outstanding and
to any securities issued in respect thereof under any such plan of reorganization or readjustment), shall be received by the
Trustee or any Holder in contravention of any of the terms hereof such payment or distribution or security shall be received
in trust for the benefit of, and shall be paid over or delivered and transferred to, the holders of the Senior Debt at the
time outstanding in accordance with the priorities then existing among such holders for application to the payment of all
Senior Debt remaining unpaid, to the extent necessary to pay all such Senior Debt in full. In the event of the failure of the
Trustee or any Holder to endorse or assign any such payment, distribution or security, each holder of Senior Debt is hereby
irrevocably authorized to endorse or assign the same.

 

    51 

     

    

 

No present or future
holder of any Senior Debt shall be prejudiced in the right to enforce subordination of the indebtedness evidenced by the Debt Securities
by any act or failure to act on the part of the Company. Nothing contained herein shall impair, as between the Company and the
Holders of Debt Securities of each series, the obligation of the Company to pay to such Holders the principal of (and premium,
if any) and interest on such Debt Securities and coupons appurtenant thereto or prevent the Trustee or the Holder from exercising
all rights, powers and remedies otherwise permitted by applicable law or hereunder upon a default or Event of Default hereunder,
all subject to the rights of the holders of the Senior Debt to receive cash, securities or other property otherwise payable or
deliverable to the Holders.

 

Senior Debt shall not
be deemed to have been paid in full unless the holders thereof shall have received cash, securities or other property equal to
the amount of such Senior Debt then outstanding. Upon the payment in full of all Senior Debt, the Holders of Debt Securities of
each series and coupons appurtenant thereto, if any, shall be subrogated to all rights of any holders of Senior Debt to receive
any further payments or distributions applicable to the Senior Debt until the indebtedness evidenced by the Debt Securities of
such series and coupons appertaining thereto, if any, shall have been paid in full, and such payments or distributions received
by such Holders, by reason of such subrogation, of cash, securities or other property which otherwise would be paid or distributed
to the holders of Senior Debt shall, as between the Company and its creditors other than the holders of Senior Debt, on the one
hand, and such Holders, on the other hand, be deemed to be a payment by the Company on account of Senior Debt, and not on account
of the Debt Securities of such series.

 

The Trustee and Holders
will take such action (including, without limitation, the delivery of this Indenture to an agent for the holders of Senior Debt
or consent to the filing of a financing statement with respect hereto) as may, in the opinion of counsel designated by the holders
of a majority in principal amount of the Senior Debt at the time outstanding, be necessary or appropriate to assure the effectiveness
of the subordination effected by these provisions.

 

The provisions of this
Section 1601 shall not impair any rights, interests, remedies or powers of any secured creditor of the Company in respect of any
security interest the creation of which is not prohibited by the provisions of this Indenture.

 

Section 1602. Trustee
and Holders of Debt Securities May Rely on Certificate of Liquidating Agent; Trustee May Require Further Evidence as to Ownership
of Senior Debt; Trustee Not Fiduciary to Holders of Senior Debt.

 

Upon any payment or distribution
of assets of the Company referred to in this Article Sixteen, the Trustee and the Holders shall be entitled to rely upon an order
or decree made by any court of competent jurisdiction in which such dissolution or winding up or liquidation or reorganization
or arrangement proceedings are pending or upon a certificate of the trustee in bankruptcy, receiver, assignee for the benefit of
creditors or other Person making such payment or distribution, delivered to the Trustee or to the Holders, for the purpose of ascertaining
the persons entitled to participate in such distribution, the holders of the Senior Debt and other indebtedness of the Company,
the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto
or to this Article Sixteen. In the absence of any such bankruptcy trustee, receiver, assignee or other Person, the Trustee shall
be entitled to rely upon a written notice by a Person representing himself or herself to be a holder of Senior Debt (or a trustee
or representative on behalf of such holder) as evidence that such Person is a holder of such Senior Debt (or is such a trustee
or representative). In the event that the Trustee determines, in good faith, that further evidence is required with respect to
the right of any Person as a holder of Senior Debt to participate in any payments or distributions pursuant to this Article Sixteen,
the Trustee may request such person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior
Debt held by such Person, as to the extent to which such Person is entitled to participate in such payment or distribution, and
as to other facts pertinent to the rights of such Person under this Article Sixteen, and if such evidence is not furnished, the
Trustee may offer any payment to such Person pending judicial determination as to the right of such Person to receive payment.
The Trustee, however, shall not be deemed to owe any fiduciary duty to the holders of Senior Debt.

 

    52 

     

    

 

Section 1603. Payment
Permitted If No Default.

 

Nothing contained
in this Article Sixteen or elsewhere in this Indenture, or in any of the Debt Securities, shall prevent (a) the Company at
any time, except during the pendency of any dissolution, winding up, liquidation or reorganization proceedings referred to in
Section 1601, from making payments of the principal of (or premium, if any) or interest on the Debt Securities or (b) the
application by the Trustee or any Paying Agent of any moneys deposited with it hereunder to payments of the principal of or
interest on the Debt Securities, if, at the time of such deposit, the Trustee or such Paying Agent, as the case may be, did
not have the written notice provided for in Section 1604 of any event prohibiting the making of such deposit, or if, at the
time of such deposit (whether or not in trust) by the Company with the Trustee or any Paying Agent (other than the Company)
such payment would not have been prohibited by the provisions of this Article, and the Trustee or any Paying Agent shall not
be affected by any notice to the contrary received by it on or after such date.

 

Section 1604. Trustee
Not Charged with Knowledge of Prohibition.

 

Anything in this Article
Sixteen or elsewhere in this Indenture contained to the contrary notwithstanding, the Trustee shall not at any time be charged
with knowledge of the existence of any facts which would prohibit the making of any payment of money to or by the Trustee and shall
be entitled conclusively to assume that no such facts exist and that no event specified in Section 1601 has happened, until the
Trustee shall have received an Officers’ Certificate to that effect or notice in writing to that effect signed by or on behalf
of the holder or holders, or their representatives, of Senior Debt who shall have been certified by the Company or otherwise established
to the reasonable satisfaction of the Trustee to be such holder or holders or representatives or from any trustee under any indenture
pursuant to which such Senior Debt shall be outstanding. The Company shall give prompt written notice to the Trustee and to the
Paying Agent of any facts which would prohibit the payment of money to or by the Trustee or any Paying Agent.

 

Section 1605. Trustee
to Effectuate Subordination.

 

Each Holder of Debt Securities
or coupons by such Holder’s acceptance thereof authorizes and directs the Trustee in such Holder’s behalf to take such
action as may be necessary or appropriate to effectuate the subordination as between such Holder and holders of Senior Debt as
provided in this Article and appoints the Trustee its attorney-in-fact for any and all such purposes.

 

Section 1606. Rights
of Trustee as Holder of Senior Debt.

 

The Trustee shall be
entitled to all the rights set forth in this Article with respect to any Senior Debt which may at the time be held by it, to the
same extent as any other holder of Senior Debt; provided that nothing in this Article shall deprive the Trustee of any rights
as such holder and provided further that nothing in this Article shall apply to claims of, or payments to, the Trustee under
or pursuant to Section 607.

 

Section 1607. Article
Applicable to Paying Agents.

 

In case at any time any
Paying Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term “Trustee”
as used in this Article shall in such case (unless the context shall otherwise require) be construed as extending to and including
such Paying Agent within its meaning as fully for all intents and purposes as if the Paying Agent were named in this Article in
addition to or in place of the Trustee, provided, however, that Sections 1604 and 1606 shall not apply to the Company or
any Affiliate of the Company if the Company or such Affiliate acts as Paying Agent.

 

Section 1608. Subordination
Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt.

 

No right of any present
or future holders of any Senior Debt to enforce subordination as herein provided shall at any time in any way be prejudiced or
impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder,
or by any noncompliance by the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge
thereof which any such holder may have or be otherwise charged with. The holders of Senior Debt may, at any time or from time to
time and in their absolute discretion, change the manner, place or terms of payment, change or extend the time of payment of, or
renew or alter, any such Senior Debt, or amend or supplement any instrument pursuant to which any such Senior Debt is issued or
by which it may be secured, or release any security therefor, or exercise or refrain from exercising any other of their rights
under the Senior Debt including, without limitation, the waiver of default thereunder, all without notice to or assent from the
Holders of the Debt Securities or the Trustee and without affecting the obligations of the Company, the Trustee or the Holders
of the Debt Securities under this Article.

 

[Signature Page Follows]

 

    53 

     

    

 

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

 

	 	AUDIOEYE, INC.
	 	 
	 	By	 
	 	 	Its	                                     
	 	 
	 	[_______________________]
	 	 
	 	By	 
	 	 	Its	 

 

[Signature Page
to Indenture]

 

     

     

    

 

EXHIBIT A-1

 

[Form of Certificate of Beneficial Ownership
by a

 

Non-United States Person or by Certain Other
Persons]

 

Certificate

 

AUDIOEYE, INC.

 

[Insert title or sufficient description
of

 

Debt Securities to be delivered]

 

Reference is hereby
made to the Indenture dated as of [_________________] (the “Indenture”) between AudioEye, Inc. and [______________]
(the “Trustee”), covering the above-captioned Debt Securities. This is to certify that as of the date hereof, _______________________
principal amount of Debt Securities credited to you for our account (i) is owned by persons that are not United States Persons,
as defined below; (ii) is owned by United States Persons that are (a) foreign branches of United States financial institutions
(as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v)) (“financial institutions”) purchasing for their
own account or for resale, or (b) United States Persons who acquired the Debt Securities through foreign branches of United States
financial institutions and who hold the Debt Securities through such United States financial institutions on the date hereof (and
in either case (a) or (b), each such United States financial institution encloses herewith a certificate in the form of Exhibit
A-2 to the Indenture); or (iii) is owned by United States or foreign financial institutions for purposes of resale during the restricted
period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), which United States or foreign financial institutions
described in clause (iii) above (whether or not also described in clause (i) or (ii)) certify that they have not acquired the Debt
Securities for purposes of resale directly or indirectly to a United States Person or to a person within the United States or its
possessions.

 

[Insert if certificate
does not relate to an interest payment--We undertake to advise you by tested telex followed by written confirmation if the above
statement as to beneficial ownership is not correct on the date of delivery of the above-captioned Debt Securities in bearer form
as to all of such Debt Securities with respect to such of said Debt Securities as then appear in your books as being held for our
account.] We understand that this certificate is required in connection with United States tax laws. We irrevocably authorize you
to produce this certificate or a copy hereof to any interested party in any administrative or legal proceedings with respect to
the matters covered by this certificate. “United States Person” shall mean a citizen or resident of the United States
of America (including the District of Columbia), a corporation, partnership or other entity created or organized in or under the
laws of the United States or any political subdivision thereof or an estate or trust that is subject to United States Federal income
taxation regardless of the source of its income.

 

[This certificate excepts
and does not relate to principal amount of Debt Securities credited to you for our account and to which we are not now able to
make the certification set forth above. We understand that definitive Debt Securities cannot be delivered and interest cannot be
paid until we are able to so certify with respect to such principal amount of Debt Securities.]*

 

Dated:

 

[To be dated on or after

 

_______________ (the date

 

determined as provided in the

 

Indenture)]

 

	 	[Name of Person Entitled to Receive Bearer Security]
	 	(Authorized Signatory)
	 	 
	 	Name: 	                          
	 	 
	 	Title:	 

*Delete if inappropriate

 

     

     

    

 

EXHIBIT A-2

 

[Form of Certificate of Status as a

 

Foreign Branch of a United States Financial
Institution]

 

Certificate

 

AUDIOEYE, INC.

 

[Insert title or sufficient description
of

 

Debt Securities to be delivered]

 

Reference is hereby
made to the Indenture dated as of [________________] (the “Indenture”), between AudioEye, Inc. and [__________________],
relating to the offering of the above-captioned Debt Securities (the “Debt Securities”). Unless herein defined, terms
used herein have the same meaning as given to them in the Indenture.

 

The undersigned represents
that it is a branch located outside the United States of a United States securities clearing organization, bank or other financial
institution (as defined in U.S. Treasury Regulation Section 1.165-12(c)(1)(v)) that holds customers’ securities in the ordinary
course of its trade or business and agrees, and authorizes you to advise the issuer or the issuer’s agent, that it will comply
with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986 and the regulations thereunder and
is not purchasing for resale directly or indirectly to a United States Person or to a person within the United States or its possessions.
We undertake to advise you by tested telex followed by written confirmation if the statement in the immediately preceding sentence
is not correct on the date of delivery of the above-captioned Debt Securities in bearer form.

 

We understand that
this certificate is required in connection with the United States tax laws. We irrevocably authorize you to produce this certificate
or a copy hereof to any interested party in any administrative or legal proceedings with respect to the matters covered by this
certificate.

 

Dated:

 

[To be dated on or after

 

_________________ (the date

 

determined as provided in the Indenture)]

 

	 	[Name of Person Entitled to Receive Bearer Security]
	 	(Authorized Signatory)
	 	 
	 	Name:	                
	 	 
	 	Title:	 

 

     

     

    

 

EXHIBIT B

 

[Form of Certificate to be Given by Euroclear
and Clearstream

 

in Connection with the Exchange of All or
a Portion of a

 

Temporary Global Security or to Obtain

 

Interest Prior to Exchange]

 

Certificate

 

AUDIOEYE, INC.

 

[Insert title or sufficient description
of Debt Securities to be delivered]

 

We refer to that portion,
, of the Global Security representing the above-captioned issue [which is herewith submitted to be exchanged for definitive Debt
Securities]* [for which we are seeking to obtain payment of interest]* (the “Submitted Portion”). This is to certify,
pursuant to the Indenture dated as of [_______________] (the “Indenture”) between AudioEye, Inc. and [__________________]
(the “Trustee”), that we have received in writing, by tested telex or by electronic transmission from member organizations
with respect to each of the persons appearing in our records as being entitled to a beneficial interest in the Submitted Portion
a Certificate of Beneficial Ownership by a Non-United States Person or by Certain Other Persons [and, in some cases, a Certificate
of Status as a Foreign Branch of a United States Financial Institution, authorizing us to inform the issuer or the issuer’s
agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986 and the
regulations thereunder]* substantially in the form of Exhibit A-1 [and A-2]* to the Indenture.

 

We hereby request that
you deliver to the office of _________________________ in ______________________ definitive Bearer Securities in the denominations
on the attached Schedule A.

 

We further certify
that as of the date hereof we have not received any notification from any of the persons giving such certificates to the effect
that the statements made by them with respect to any part of the Submitted Portion are no longer true and cannot be relied on as
of the date hereof.

 

Dated:

 

	 	[
	 	, as
	 	Operator of the Euroclear System] [Clearstream]
	 	 
	 	By:	                       

*Delete if inappropriate.

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