Document:

Exhibit 10.19

 Exhibit 10.19 
 AMERICAN FEDERAL SAVINGS BANK 
 SPLIT-DOLLAR PLAN

 Pursuant to due authorization by its Board of Directors, the undersigned, AMERICAN FEDERAL SAVINGS BANK, a corporation
located & Helena, Montana (the “Company”) did constitute, establish and adopt the following Split-Dollar Plan (the “Plan”), effective October 21, 2004 
 The purpose of this Plan is to attract, retain, and reward Employees, by dividing the death proceeds of certain life insurance policies
which are owned by the Company on the lives of the participating Employees with the designated beneficiary of each insured participating Employee. The Company will pay the life insurance premiums from its general assets. 
 ARTICLE 1 
 DEFINITIONS 
 Whenever used in this Plan, the following terms shall have the meanings specified: 
  

	1.1	“Beneficiary” means each designated person, or the estate of a deceased Participant, entitled to benefits, if any, upon the death of a Participant.

  

	1.2	“Beneficiary Designation Form” means the form established from time to time by the Plan Administrator that a Participant completes, signs and returns
to the Plan Administrator to designate one or more Beneficiaries. 

  

	1.3	“Board” means the Board of Directors of the Company as from time to time constituted. 

  

	1.4	“Company” means AMERICAN FEDERAL SAVINGS BANK and any of its subsidiaries (now in existence or hereafter formed or acquired) that have been selected by
the Board to participate in the Plan and have adopted the Plan as a sponsor. 

  

	1.5	“Disability” means the Participant’s suffering a sickness, accident or injury which has been determined by the insurance carrier of any individual
or group disability insurance policy covering the Participant, or by the Social Security Administration, to be a disability rendering the Participant totally and permanently disabled. Upon the request of the Plan Administrator, the Participant must
submit proof to the Plan Administrator of the insurance carrier’s or Social Security Administration’s determination. 

  

	1.6	“Company’s Interest” means the benefit set forth in Section 3.2. 

  

	1.7	“Election to Participate” means the form required by the Plan Administrator of an eligible Employee to indicate acceptance of participation in this
Plan. 

  

	1.8	“Employee” means an active employee of the Company who has the title of Vice President or greater. 

  

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	1.9	“Insured” means the individual Participant whose life is insured. 

  

	1.10	“Insurer” means the insurance company issuing the Policy on the life of the Insured. 

  

	1.11	“Net Death Proceeds” means the total death proceeds of the Policy minus the cash surrender value. 

  

	1.12	“Normal Retirement Age” means the Participant attaining age sixty-two (62). 

  

	1.13	“Normal Retirement Date” means the later of the Normal Retirement Age or the date of Termination of Employment for any reason other than Termination
for Cause. 

  

	1.14	“Participant” means an Employee (i) who is selected to participate in the Plan, (ii) who elects to participate in the Plan, (iii) who
signs an Election to Participate and a Beneficiary Designation Form, (iv) whose signed Election to Participant and Beneficiary Designation Form are accepted by the Plan Administrator, (v) who commences participation in the Plan, and
(vi) whose Participation has not terminated. 

  

	1.15	“Participant’s Interest” means the benefit set forth in Section 3.1. 

  

	1.16	“Policy” means the individual insurance policy or policies adopted by the Plan Administrator for purposes of insuring a Participant’s life under
this Plan. 

  

	1.17	“Plan Administrator” means the plan administrator described in Article 10. 

  

	1.18	 “Quarterly Plan Entry Date” means January 1st, April 1st, July 1st or October 1st. 

  

	1.19	“Termination for Cause” means that the Participant’s employment with the Company has been or is terminated by the Board for any of the following
reasons: 

  

	 	(a)	Gross negligence or gross neglect of duties; or 

  

	 	(b)	Commission of a felony or of a gross misdemeanor involving moral turpitude; or 

  

	 	(c)	Fraud, disloyalty, dishonesty or willful violation of any law or significant Company policy committed in connection with the Participant’s employment and resulting
in an adverse effect on the Company; or 

  

	 	(d)	Issuance by the Company’s banking regulators of an order for removal of the Participant. 

  

	1.20	“Termination of Employment” means the termination of Participant’s service before Normal Retirement Age for reasons other than (i) death;
(ii) Disability; or (iii) a leave of absence approved by the Company. 

  

 2 

	1.21	“Year of Service” means the twelve consecutive month period beginning on a Participant’s date of hire and any twelve (12) month anniversary
hereof, during the entirety of which time the Participant is an employee of the Company. Service with a subsidiary or other entity controlled by the Company before the time such entity became a subsidiary or under such control shall not be
considered “credited service”, unless the Plan Administrator specifically agrees to credit such service. In addition, the Plan Administrator in its sole discretion may also grant additional Years of Service in such circumstances where it
deems such additional service appropriate. 

 ARTICLE 2 
 PARTICIPATION 
  

	2.1	Eligibility. An Employee who has completed one (1) year of service shall automatically be eligible for participation in the Plan. 

 

	2.2	Enrollment Requirements. As a condition to participation, each selected Employee shall complete, execute and return to the Plan Administrator (i) an
Election to Participate, and (ii) a Beneficiary Designation Form. In addition, the Plan Administrator shall establish from time to time such other enrollment requirements as it determines in its sole discretion are necessary.

  

	2.3	Eligibility; Commencement of Participation. Provided an Employee selected to participate in the Plan has met all enrollment requirements set forth in this Plan
and required by the Plan Administrator, that Employee will become a Participant beginning on the next Quarterly Plan Entry Date following one (1) Year of Service, be covered by the Plan and will be eligible to receive benefits at the time and
in the manner provided hereunder, subject to the provisions of the Plan. 

  

	2.4	Termination of Participation. A Participant’s rights under this Plan shall automatically cease and his or her participation in this Plan shall automatically
terminate, if either of the following events occur: (i) if there is a Termination for Cause; or (ii) if the Participant’s employment with the Company is terminated prior to Normal Retirement Age for reasons other than Disability
(except as set forth in Section 2.5(b)) or a leave of absence approved by the Company. In the event that the Company decides to maintain the Policy after the Participant’s termination of participation in the Plan, the Company shall be the
direct beneficiary of the entire death proceeds of the Policy. 

  

	2.5	Disability. 

  

	 	(a)	Except as otherwise provided in paragraph (b) of this Section 2.5, if the Participant’s employment with the Company is terminated because of the
Participant’s Disability, the Company shall maintain the Policy in full force and effect and, in no event, shall the Company amend, terminate or otherwise abrogate the Participant’s Interest in the Policy. However, the Company may replace
the Policy with a comparable insurance policy to cover the benefit provided under this Plan. 

  

 3 

	 	(b)	Notwithstanding the provisions of paragraph (a) of this Section 2.5, upon the disabled Participant’s gainful employment with an entity other than the
Company, the Company shall have no further obligation to the disabled Participant, and the disabled Participant’s rights pursuant to the Plan shall cease. In the event the disabled Participant’s rights are terminated hereunder and the
Company decides to maintain the Policy, the Company shall be the direct beneficiary of the entire death proceeds of the Policy. 

  

	2.6	Retirement. If the Participant remains in the continuous employ of the Company, upon the Participant’s Normal Retirement Date, the Company shall maintain
the Policy in full force and effect and in no event shall the Company amend, terminate or otherwise abrogate the Participant’s Interest in the Policy. However, the Company may replace the Policy with a comparable insurance policy to cover the
benefit under this Plan. 

 ARTICLE 3 
 POLICY OWNERSHIP/INTERESTS 
  

	3.1	Participant’s Interest. The Participant, or the Participant’s assignee, shall have the right to designate the Beneficiary of death proceeds equal to
the amount indicated on the participant’s Election to Participate, subject to: 

  

	 	(a)	Forfeiture of Participant’s rights upon Termination of Employment prior to Normal Retirement Age; 

  

	 	(b)	Forfeiture of Participant’s rights upon Termination for Cause; 

  

	 	(c)	Forfeiture of Participant’s rights upon gainful employment following Disability. 

  

	 	(d)	Termination of the Plan and the corresponding forfeiture of rights for all Participants or any one Participant in accordance with Section 9.1 hereof; and

  

	 	(e)	Forfeiture of the Participant’s rights and interest hereunder that the Company may reasonably consider necessary to conform with applicable law (including the
Sarbanes-Oxley Act of 2002). 

  

	3.2	Company’s Interest. The Company shall own the Policy and shall have the right to exercise all incidents of ownership except that the Company shall not sell,
surrender or transfer ownership of a Policy so long as a Participant has an interest in the Policy as described in Section 3.1. This provision shall not impair the right of the Company, subject to Article 9, to terminate this Plan. With respect
to each Policy, the Company shall be the beneficiary of the remaining death proceeds of the Policy after the Participant’s Interest is determined according to Section 3.1. 

  

 4 

 ARTICLE 4 
 PREMIUMS 
  

	4.1	Premium Payment. The Company shall pay all premiums due on all Policies. 

  

	4.2	Economic Benefit. The Plan Administrator shall determine the economic benefit attributable to any Participant based on the amount of the current term rate for
the Participant’s age multiplied by the aggregate death benefit payable to the Participant’s Beneficiary. The “current term rate” is the minimum amount required to be imputed under Treasury Regulation
Section 1.61-22(d)(3)(ii), or any subsequent applicable authority. 

  

	4.3	Imputed Income. The Company shall impute the economic benefit to the Participant on an annual basis, by adding the economic benefit to the Participant’s
W-2, or if applicable, Form 1099. 

 ARTICLE 5 
 BENEFICIARIES 
  

	5.1	Beneficiary. Each Participant shall have the right, at any time, to designate a Beneficiary(ies) to receive any benefits payable under the Plan to a beneficiary
upon the death of a Participant. The Beneficiary designated under this Plan may be the same as or different from the Beneficiary designation under any other plan of the Company in which the Participant participates. 

  

	5.2	Beneficiary Designation; Change. A Participant shall designate a Beneficiary by completing and signing the Beneficiary Designation Form, and delivering it to the
Plan Administrator or its designated agent. The Participant’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Participant or if the Participant names a spouse as Beneficiary and the marriage is
subsequently dissolved. A Participant shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect
from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary
Designation Form filed by the Participant and accepted by the Plan Administrator prior to the Participant’s death. 

  

	5.3	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received, accepted and acknowledged in writing by the Plan
Administrator or its designated agent. 

  

	5.4	No Beneficiary Designation. If the Participant dies without a valid designation of beneficiary, or if all designated Beneficiaries predecease the Participant,
then the Participant’s surviving spouse shall be the designated Beneficiary. If the Participant has no surviving spouse, the benefits shall be made payable to the personal representative of the Participant’s estate.

  

 5 

	5.5	Facility of Payment. If the Plan Administrator determines in its discretion that a benefit is to be paid to a minor, to a person declared incompetent, or to a
person incapable of handling the disposition of that person’s property, the Plan Administrator may direct payment of such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or
incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any payment of a benefit shall be a payment for the account of the Participant and
the Participant’s Beneficiary, as the case may be, and shall be a complete discharge of any liability under the Plan for such payment amount. 

 ARTICLE 6 
 ASSIGNMENT 
 Any Participant may irrevocably assign without consideration all of such Participant’s Interest in this Plan to any person, entity or
trust. In the event a Participant shall transfer all of such Participant’s Interest, then all of that Participant’s Interest in this Plan shall be vested in his or her transferee, who shall be substituted as a party hereunder, and that
Participant shall have no further interest in this Plan. 
 ARTICLE 7 
 INSURER 
 The
Insurer shall be bound only by the terms of its given Policy. Any payments the Insurer makes or actions it takes in accordance with a Policy shall fully discharge it from all claims, suits and demands of all persons relating to that Policy. The
Insurer shall not be bound by or deemed to have notice of the provisions of this Plan. The Insurer shall have the right to rely on the Plan Administrator’s representations with regard to any definitions, interpretations or Policy interests as
specified under this Plan. 
 ARTICLE 8 
 CLAIMS AND REVIEW PROCEDURE 
  

	8.1	Claims Procedure. A Participant or Beneficiary (“claimant”) who has not received benefits under the Plan that he or she believes should be paid shall
make a claim for such benefits as follows: 

  

	 	8.1.1	Initiation - Written Claim. The claimant initiates a claim by submitting to the Plan Administrator a written claim for the benefits. 

  

	 	8.1.2	Timing of Plan Administrator Response. The Plan Administrator shall respond to such claimant within 90 days after receiving the claim. If the Plan Administrator
determines that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional 90 days by notifying the claimant in writing, prior to the end of the initial 90-day
period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision. 

  

 6 

	 	8.1.3	Notice of Decision. If the Plan Administrator denies part or all of the claim, the Plan Administrator shall notify the claimant in writing of such denial. The
Plan Administrator shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 

  

	 	(a)	The specific reasons for the denial; 

  

	 	(b)	A reference to the specific provisions of the Plan on which the denial is based; 

  

	 	(c)	A description of any additional information or material necessary for the claimant to perfect the claim and an explanation of why it is needed;

  

	 	(d)	An explanation of the Plan’s review procedures and the time limits applicable to such procedures; and 

  

	 	(e)	A statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review.

  

	8.2	Review Procedure. If the Plan Administrator denies part or all of the claim, the claimant shall have the opportunity for a full and fair review by the Plan
Administrator of the denial, as follows: 

  

	 	8.2.1	Initiation - Written Request. To initiate the review, the claimant, within 60 days after receiving the Plan Administrator’s notice of denial, must file with
the Plan Administrator a written request for review. 

  

	 	8.2.2	Additional Submissions - Information Access. The claimant shall then have the opportunity to submit written comments, documents, records and other information
relating to the claim. The Plan Administrator shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations)
to the claimant’s claim for benefits. 

  

	 	8.2.3	Considerations on Review. In considering the review, the Plan Administrator shall take into account all materials and information the claimant submits relating
to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 

  

	 	8.2.4	Timing of Plan Administrator’s Response. The Plan Administrator shall respond in writing to such claimant within 60 days after receiving the request for
review. If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional 60 days by notifying the claimant in writing, prior to
the end of the initial 60-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision. 

  

 7 

	 	8.2.5	Notice of Decision. The Plan Administrator shall notify the claimant in writing of its decision on review. The Plan Administrator shall write the notification in
a manner calculated to be understood by the claimant. The notification shall set forth: 

  

	 	(a)	The specific reasons for the denial; 

  

	 	(b)	A reference to the specific provisions of the Plan on which the denial is based; 

  

	 	(c)	A statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information
relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits; and 

  

	 	(d)	A statement of the claimant’s right to bring a civil action under ERISA Section 502(a). 

 ARTICLE 9 
 AMENDMENTS AND TERMINATION

  

	9.1	Amendment or Termination of Plan. Except as otherwise provided in Sections 2.5 and 2.6, or as otherwise agreed to in writing, the Company may amend or terminate
this Plan for all Participants or for any Participant at any time prior to a Participant’s death. Such amendment or termination shall be by written notice to the Participant(s). In the event that the Company decides to maintain the Policy after
the Participant’s termination of participation in the Plan, the Company shall be the direct beneficiary of the entire death proceeds of the Policy. 

  

	9.2	Option to Purchase Upon Termination. If the Company exercises the right to terminate the Plan or a Participant’s participation in the Plan, the Company
shall not sell, surrender or transfer ownership of a Policy without first giving a Participant or the Participant’s transferee the option to purchase the Policy for a period of sixty (60) days from written notice of such intention. The
purchase price shall be an amount equal to the fair market value of the Policy as determined under Treasury Regulation Section 1.61-22(g)(2). 

  

	9.3	Waiver of Participation. A Participant may, in the Participant’s sole and absolute discretion, waive his or her rights under the Plan at any time. Any
waiver permitted under this Section 9.3 shall be in writing and delivered to the Plan Administrator. 

 ARTICLE 10 
 ADMINISTRATION 
  

	10.1	 Plan Administrator Duties. This Plan shall be administered by a Plan Administrator which shall consist of the Board, or such committee or
persons as the Board may choose. Members of the Plan Administrator may be Participants under this Plan. The Plan

  

 8 

	 	 
Administrator shall also have the discretion and authority to (i) make, amend, interpret and enforce all appropriate rules and regulations for the administration of this Plan and
(ii) decide or resolve any and all questions including interpretations of this Plan, as may arise in connection with the Plan. 

  

	10.2	Agents. In the administration of this Plan, the Plan Administrator may employ agents and delegate to them such administrative duties as it sees fit, (including
acting through a duly appointed representative), and may from time to time consult with counsel who may be counsel to the Company. 

  

	10.3	Binding Effect of Decisions. The decision or action of the Plan Administrator with respect to any question arising out of or in connection with the
administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Plan. 

  

	10.4	Indemnity of Plan Administrator. The Company shall indemnify and hold harmless the members of the Plan Administrator against any and all claims, losses, damages,
expenses or liabilities arising from any action or failure to act with respect to this Plan, except in the case of willful misconduct by the Plan Administrator or any of its members. 

  

	10.5	Information. To enable the Plan Administrator to perform its functions, the Company shall supply full and timely information to the Plan Administrator on all
matters relating to the Compensation of its Participants, the date and circumstances of the retirement, Disability, death or Termination of Employment of its Participants, and such other pertinent information as the Plan Administrator may reasonably
require. 

 ARTICLE 11 
 MISCELLANEOUS 
  

	11.1	Binding Effect. This Plan shall bind each Participant and the Company, their beneficiaries, survivors, executors, administrators and transferees and any
Beneficiary. 

  

	11.2	No Guarantee of Employment. This Plan is not an employment policy or contract. It does not give a Participant the right to remain an Employee of the Company, nor
does it interfere with the Company’s right to discharge a Participant. It also does not require a Participant to remain an Employee nor interfere with a Participant’s right to terminate employment at any time. 

  

	11.3	Applicable Law. The Plan and all rights hereunder shall be governed by and construed according to the laws of the State of MONTANA, except to the extent
preempted by the laws of the United States of America. 

  

	11.4	 Reorganization. The Company shall not merge or consolidate into or with another company, or reorganize, or sell substantially all of its assets
to another company, firm or

  

 9 

	 	 
person unless such succeeding or continuing company, firm or person agrees to assume and discharge the obligations of the Company under this Plan. Upon the occurrence of such event, the term
“Company” as used in this Plan shall be deemed to refer to the successor or survivor company. 

  

	11.5	Notice. Any notice or filing required or permitted to be given to the Plan Administrator under this Plan shall be sufficient if in writing and hand-delivered, or
sent by registered or certified mail, to the address below: 

  

					
		 	 Human Resources Dept.
	 	
		 	 American Federal Savings Bank
	 	
		 	 P.O. Box 4999
	 	
		 	 Helena, MI 59604-4999
	 	

 Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as
of the date shown on the postmark or the receipt for registration or certification. 
 Any notice or filing required or permitted
to be given to a Participant under this Plan shall be sufficient if in writing and hand-delivered, or sent by mail, to the last known address of the Participant. 
  

	11.6	Entire Agreement. This Plan, along with a Participant’s Election to Participate, Beneficiary Designation Form and any agreement in writing between the
Company and any Participant, constitute the entire agreement between the Company and the Participant as to the subject matter hereof. No rights are granted to the Participant under this Plan other than those specifically set forth herein.

 IN WITNESS WHEREOF, the Company executes this Plan as of the date indicated above. 
  

			
	AMERICAN FEDERAL SAVINGS BANK
		
	By	 	 /s/ Larry A. Dreyer

	Title	 	 President & CEO

  

 10 

 American Federal Savings Bank 
 Split-Dollar Plan 
 Election Form 
 I, PETER J. JOHNSON, an Employee designated as set forth in Article 2 of the American Federal Savings Bank Split-Dollar Plan (the
“Plan”) dated October 21, 2004 hereby elect to become a Participant of this Plan according to Article 2 of the PIan. 
 Pursuant to Section 3.1 of the Plan, I understand that the death benefit that I am eligible for under this Plan is $75,000 (Seventy-Five Thousand Dollars). 
 Additionally, I acknowledge that I have read the Plan document and agree to be bound by its terms. 
 Executed this 4th day of November, 2004 
  

	
	 /s/ Peter J. Johnson

	Peter J. Johnson

 Acknowledged by the
Company this 8th day of November, 2004 
  

			
	By	 	 /s/ Larry A. Dreyer

	Title	 	 President & CEO

 American Federal Savings Bank 
 Split-Dollar Plan 
 Election Form 
 I, CLINTON J. MORRISON, an Employee designated as set forth in Article 2 of the American Federal Savings Bank Split-Dollar Plan (the
“Plan”) dated October 21, 2004, hereby elect to become a Participant of this Plan according to Article 2 of the Plan. 
 Pursuant to Section 3.1 of the Plan, I understand that the death benefit that I am eligible for under this Plan is $50,000 (Fifty Thousand Dollars). 
 Additionally, I acknowledge that I have read the Plan document and agree to be bound by its terms. 
 Executed this 1 day of November, 2004 
  

	
	 /s/ Clinton J. Morrison

	Clinton J. Morrison

 Acknowledged by the
Company this 8th day of November, 2004 
  

			
	By	 	 /s/ Larry A. Dreyer

	Title	 	 President & CEO

 American Federal Savings Bank 
 Split-Dollar Plan 
 Election Form 
 I, MICHAEL C. MUNDT, an Employee designated as set forth in Article 2 of the American Federal Savings Bank Split-Dollar Plan (the
“Plan”) dated October 21, 2004, hereby elect to become a Participant of this Plan according to Article 2 of the Plan. 
 Pursuant to Section 3.1 of the Plan, I understand that the death benefit that I am eligible for under this Plan is $75,000 (Seventy-Five Thousand Dollars). 
 Additionally, I acknowledge that I have read the Plan document and agree to be bound by its terms. 
 Executed this 1st day of November, 2004 
  

	
	 /s/ Michael C. Mundt

	Michael C. Mundt

 Acknowledged by the
Company this 8th day of November, 2004 
  

			
	By	 	 /s/ Larry A. Dreyer

	Title	 	 President & CEO

 American Federal Savings Bank 
 Split-Dollar Plan 
 Election Form 
 I, ROBERT M. EVANS, an Employee designated as set forth in Article 2 of the American Federal Savings Bank Split-Dollar Plan (the “Plan”)
dated October 21, 2004, hereby elect to become a Participant of this Plan according to Article 2 of the Plan. 
 Pursuant to
Section 3.1 of the Plan, I understand that the death benefit that I am eligible for under this plan is now $75,000 (Seventy-Fifty Thousand Dollars). 
 Additionally, I acknowledge that I have read the Plan document and agree to be bound by its terms. Further, I understand this replaces the Election to participate I executed on November 3, 2004.

 Executed this 7th day of March, 2008. 
  

	
	 /s/ Robert M. Evans

	Robert M. Evans

 Acknowledged by the
Company this 7th day of March, 2008 
  

			
	By	 	 /s/ Peter J. Johnson

	Title	 	 President / CEO

 American Federal Savings Bank 
 Split-Dollar Plan 
 Election Form 
 I, RACHEL AMDAHL, an Employee designated as set forth in Article 2 of the American Federal Savings Bank Split-Dollar Plan (the
“Plan”) dated October 21, 2004, hereby elect to become a Participant of this Plan according to Article 2 of the Plan. 
 Pursuant to Section 3.1 of the Plan, I understand that the death benefit that I am eligible for under this Plan is now $75,000 (Seventy-Five Thousand Dollars). 
 Additionally, I acknowledge that I have read the Plan document and agree to be bound by its terms. Further, I understand this replaces the
Election to Participate I executed on October 29, 2004. 
 Executed this 5 day of October, 2006 
  

	
	 /s/ Rachel Amdahl

	Rachel Amdahl

 Acknowledged by the
Company this 10th day of October, 2006 
  

			
	By	 	 /s/ Peter J. Johnson

	Title	 	 EVP / CEOIndenture

 EXHIBIT 4.1 
  
  
 BERKSHIRE HATHAWAY INC. 
 (As Issuer and Guarantor)

 AND 
 BERKSHIRE HATHAWAY FINANCE CORPORATION 
 (As Issuer)

 TO 
 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 
 (As
Trustee) 
 Indenture 
 Dated as of February 1, 2010 
  
  

 TABLE OF CONTENTS 
  

			
	 	  	Page
	 ARTICLE 1   DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	1
		
	 Section 1.01. Definitions
	  	1
	 Section 1.02. Compliance Certificates and Opinions
	  	6
	 Section 1.03. Form of Documents Delivered to Trustee
	  	6
	 Section 1.04. Acts of Holders; Record Dates
	  	6
	 Section 1.05. Notices, Etc., to Trustee, Company and Guarantor
	  	8
	 Section 1.06. Notice to Holders; Waiver
	  	8
	 Section 1.07. Conflict with Trust Indenture Act
	  	8
	 Section 1.08. Effect of Headings and Table of Contents
	  	9
	 Section 1.09. Successors and Assigns
	  	9
	 Section 1.10. Separability Clause
	  	9
	 Section 1.11. Benefits of Indenture
	  	9
	 Section 1.12. Governing Law
	  	9
	 Section 1.13. Legal Holidays
	  	9
	 Section 1.14. Immunity of Incorporators, Shareholders, Officers and Directors
	  	9
	 Section 1.15. Waiver of Jury Trial
	  	9
	 Section 1.16. Force Majeure
	  	10
		
	 ARTICLE 2   SECURITY FORMS
	  	10
		
	 Section 2.01. Forms Generally
	  	10
	 Section 2.02. Form of Face of Debt Security
	  	10
	 Section 2.03. Form of Reverse of Debt Security
	  	11
	 Section 2.04. Form of Legend for Securities
	  	14
	 Section 2.05. Form of Trustee’s Certificate of Authentication
	  	14
		
	 ARTICLE 3   THE SECURITIES
	  	14
		
	 Section 3.01. Amount Unlimited; Issuable in Series
	  	14
	 Section 3.02. Denominations
	  	16
	 Section 3.03. Execution, Authentication, Delivery and Dating
	  	16
	 Section 3.04. Temporary Securities
	  	17
	 Section 3.05. Registration, Registration of Transfer and Exchange; Certain Transfers and Exchanges
	  	18
	 Section 3.06. Mutilated, Destroyed, Lost and Stolen Securities
	  	20
	 Section 3.07. Payment of Interest; Interest Rights Preserved; Additional or Special Interest
	  	20
	 Section 3.08. Persons Deemed Owners
	  	21
	 Section 3.09. Cancellation
	  	21
	 Section 3.10. Computation of Interest
	  	22
	 Section 3.11. Execution of Guarantee
	  	22
	 Section 3.12. Assumption by Guarantor
	  	22
	 Section 3.13. CUSIP and ISIN Numbers
	  	22

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

			
	 	  	Page
	 ARTICLE 4   SATISFACTION AND DISCHARGE
	  	22
		
	 Section 4.01. Satisfaction and Discharge of Indenture
	  	22
	 Section 4.02. Application of Trust Money
	  	23
		
	 ARTICLE 5   REMEDIES
	  	23
		
	 Section 5.01. Events of Default
	  	23
	 Section 5.02. Acceleration of Maturity; Rescission and Annulment
	  	24
	 Section 5.03. Collection of Indebtedness and Suits for Enforcement by Trustee
	  	24
	 Section 5.04. Trustee May File Proofs of Claim
	  	25
	 Section 5.05. Trustee May Enforce Claims Without Possession of Securities
	  	25
	 Section 5.06. Application of Money Collected
	  	25
	 Section 5.07. Limitation on Suits
	  	25
	 Section 5.08. Unconditional Right of Holders To Receive Principal, Premium and Interest
	  	26
	 Section 5.09. Restoration of Rights and Remedies
	  	26
	 Section 5.10. Rights and Remedies Cumulative
	  	26
	 Section 5.11. Delay or Omission Not Waiver
	  	26
	 Section 5.12. Control by Holders
	  	26
	 Section 5.13. Waiver of Past Defaults
	  	27
	 Section 5.14. Undertaking for Costs
	  	27
	 Section 5.15. Waiver of Usury, Stay or Extension Laws
	  	27
		
	 ARTICLE 6   THE TRUSTEE
	  	27
		
	 Section 6.01. Certain Duties and Responsibilities
	  	27
	 Section 6.02. Notice of Defaults
	  	28
	 Section 6.03. Certain Rights of Trustee
	  	28
	 Section 6.04. Not Responsible for Recitals or Issuance of Securities
	  	29
	 Section 6.05. May Hold Securities
	  	29
	 Section 6.06. Money Held in Trust
	  	29
	 Section 6.07. Compensation and Reimbursement
	  	29
	 Section 6.08. Conflicting Interests
	  	29
	 Section 6.09. Corporate Trustee Required; Eligibility
	  	30
	 Section 6.10. Resignation and Removal; Appointment of Successor
	  	30
	 Section 6.11. Acceptance of Appointment by Successor
	  	31
	 Section 6.12. Merger, Conversion, Consolidation or Succession to Business
	  	31
	 Section 6.13. Preferential Collection of Claims Against Company
	  	31
	 Section 6.14. Appointment of Authenticating Agent
	  	32

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

			
	 	  	Page
	 ARTICLE 7   HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	33
		
	 Section 7.01. Companies To Furnish Trustee Names and Addresses of Holders
	  	33
	 Section 7.02. Preservation of Information; Communications to Holders
	  	33
	 Section 7.03. Reports by Trustee
	  	33
	 Section 7.04. Reports by Company and Guarantor
	  	33
		
	 ARTICLE 8   CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	34
		
	 Section 8.01. Companies and Guarantor May Consolidate, Etc., Only on Certain Terms
	  	34
	 Section 8.02. Successor Substituted
	  	34
		
	 ARTICLE 9   SUPPLEMENTAL INDENTURES
	  	34
		
	 Section 9.01. Supplemental Indentures Without Consent of Holders
	  	34
	 Section 9.02. Supplemental Indentures with Consent of Holders
	  	35
	 Section 9.03. Execution of Supplemental Indentures
	  	36
	 Section 9.04. Effect of Supplemental Indentures
	  	36
	 Section 9.05. Conformity with Trust Indenture Act
	  	36
	 Section 9.06. Reference in Securities to Supplemental Indentures
	  	36
		
	 ARTICLE 10   COVENANTS
	  	36
		
	 Section 10.01. Payment of Principal, Premium and Interest
	  	36
	 Section 10.02. Maintenance of Office or Agency
	  	36
	 Section 10.03. Money for Securities Payments to Be Held in Trust
	  	36
	 Section 10.04. Statement by Officers as to Default
	  	37
	 Section 10.05. Waiver of Certain Covenants
	  	37
		
	 ARTICLE 11   REDEMPTION OF SECURITIES
	  	38
		
	 Section 11.01. Applicability of Article
	  	38
	 Section 11.02. Election To Redeem; Notice to Trustee
	  	38
	 Section 11.03. Selection by Trustee of Securities To Be Redeemed
	  	38
	 Section 11.04. Notice of Redemption
	  	38
	 Section 11.05. Deposit of Redemption Price
	  	39
	 Section 11.06. Securities Payable on Redemption Date
	  	39
	 Section 11.07. Securities Redeemed in Part
	  	39
		
	 ARTICLE 12   SINKING FUNDS
	  	39
		
	 Section 12.01. Applicability of Article
	  	39
	 Section 12.02. Satisfaction of Sinking Fund Payments with Securities
	  	40
	 Section 12.03. Redemption of Securities for Sinking Fund
	  	40

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

			
	 	  	Page
		
	 ARTICLE 13   DEFEASANCE AND COVENANT DEFEASANCE
	  	40
	 Section 13.01. Company’s Option To Effect Defeasance or Covenant Defeasance
	  	40
	 Section 13.02. Defeasance and Discharge
	  	40
	 Section 13.03. Covenant Defeasance
	  	41
	 Section 13.04. Conditions to Defeasance or Covenant Defeasance
	  	41
	 Section 13.05. Deposited Money and U.S. Government Obligations To Be Held in Trust; Miscellaneous Provisions
	  	42
	 Section 13.06. Reinstatement
	  	43

  

 -iv- 

 Certain Sections of this Indenture relating to Sections 310 through 318, 
 inclusive, of the Trust Indenture Act of 1939: 
  

			
	Trust Indenture Act Section	  	Indenture Section
	§ 310(a)(1)	  	6.09
	(a)(2)	  	6.09
	(a)(3)	  	Not Applicable
	(a)(4)	  	Not Applicable
	(a)(5)	  	6.09
	(b)	  	6.08
		  	6.10
	(c)	  	Not Applicable
	§ 311(a)	  	6.13
	(b)	  	6.13
	(c)	  	Not Applicable
	§ 312(a)	  	7.01
		  	7.02
	(b)	  	7.02
	(c)	  	7.02
	§ 313(a)	  	7.03
	(b)	  	7.03
	(c)	  	7.03
	(d)	  	7.03
	§ 314(a)	  	7.04
	(a)(4)	  	1.02
		  	10.04
	(b)	  	Not Applicable
	(c)(1)	  	1.02
	(c)(2)	  	1.02
	(c)(3)	  	Not Applicable
	(d)	  	Not Applicable
	(e)	  	1.02
	§ 315(a)	  	6.01
	(b)	  	6.02
	(c)	  	6.01
	(d)	  	6.01
	(e)	  	5.14
	§ 316(a)	  	1.01
	(a)(1)(A)	  	5.02
		  	5.12
	(a)(1)(B)	  	5.13
	(a)(2)	  	Not Applicable
	(b)	  	5.08
	(c)	  	1.04
	§ 317(a)(1)	  	5.03
	(a)(2)	  	5.04
	(b)	  	10.03
	§ 318(a)	  	1.07

 NOTE: This cross-reference table shall not, for any
purpose, be deemed part of the Indenture 
  

 -v.- 

 INDENTURE, dated as of February 1, 2010, among Berkshire Hathaway Inc., a corporation duly
organized and existing under the laws of the State of Delaware (herein called “Berkshire” and, solely when Berkshire is in its capacity as guarantor of the Debt Securities of BHFC, the “Guarantor”), having its
principal office at 3555 Farnam Street, Omaha, Nebraska 68131, Berkshire Hathaway Finance Corporation, a corporation duly organized and existing under the laws of the State of Delaware (herein called “BHFC”, and, together with
Berkshire in its capacity as an issuer of Securities hereunder, the “Companies” and each a “Company”), having its principal office at 3555 Farnam Street, Omaha, Nebraska 68131, and The Bank of New York Mellon Trust
Company, N. A., a national banking association organized and existing under the laws of the United States of America, as Trustee (herein called the “Trustee”). 
 Recitals 
 Each Company has duly authorized the
execution and delivery of this Indenture to provide for the issuance from time to time of its debentures, notes or other evidences of indebtedness (herein called the “Debt Securities”), to be issued in one or more series as provided
in this Indenture. 
 The Guarantor has duly authorized the execution and delivery of this Indenture and deems it appropriate
from time to time to issue its guarantee of the Debt Securities of BHFC on the terms herein provided (such guarantee together with the Debt Securities of BHFC, the “BHFC Securities”, and the BHFC Securities together with the Debt
Securities of Berkshire, the “Securities”). 
 All things necessary to make this Indenture a valid agreement of
each Company and the Guarantor, in accordance with its terms, have been done. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH:

 Each party agrees as follows for the benefit of each other and for the equal and proportionate benefit of all Holders of the
Securities or of any series thereof: 
 ARTICLE 1 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 1.01.
Definitions. For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
 (a) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular; 
 (b) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings assigned to them therein; 
 (c) 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 and applied by the issuing Company or the Guarantor, as the case may be, on a consistent basis in the United States of America at the date of such computation; 
 (d) unless the context otherwise requires, any reference to an “Article” or a “Section” refers to an
Article or a Section, as the case may be, of this Indenture; 
 (e) the words “herein”,
“hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and 
 (f) unless otherwise expressly provided, the word “including” does not limit the preceding words or terms. 
 “Act” when used with respect to any Holder, has the meaning specified in Section 1.04. 
 “Add On Securities” has the meaning specified in Section 3.01. 
  

 1 

 “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. 
 “Authenticating Agent” means any Person authorized by the Trustee pursuant to
Section 6.14 to act on behalf of the Trustee to authenticate Securities of one or more series. 
 “Bankruptcy
Default” has the meaning specified in Section 5.01. 
 “BHFC Securities” has the meaning
specified in the second recital of this Indenture and more particularly means any BHFC Securities authenticated and delivered under this Indenture. 
 “Board of Directors” means either the board of directors of the issuing Company or the Guarantor, as the case may be, or any duly authorized committee of such board. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the issuing Company
or the Guarantor, as the case may be, to have been duly adopted by the Board of Directors and/or any committee thereof, as applicable, and to be in full force and effect on the date of such certification, and delivered to the Trustee. 
 “Business Day” when used with respect to any Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday
which is not a day on which banking institutions in that Place of Payment are authorized or obligated by law or executive order to close. 
 “Commission” means the Securities and Exchange Commission, 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 at such time. 
 “Company” and “Companies” have the meanings assigned to such terms in the first paragraph of this Indenture until a successor Person shall have become such pursuant to
the applicable provisions of this Indenture, and thereafter such successor Person shall be included in the definition of “Company” and “Companies” and the Person replaced by such successor Person shall not be
included in the definition of “Company” and “Companies”.
 “Company Request”
means a written request or order signed in the name of the issuing Company or the Guarantor, as the case may be, by its Chairman of the Board, a Vice Chairman of the Board, President or Chief Executive Officer or a Vice President, and by its Chief
Financial Officer, Treasurer, an Assistant Treasurer, Secretary or an Assistant Secretary, and delivered to the Trustee. 
 “Corporate Trust Office” means the designated office of the Trustee or the Security Registrar, as the case may be, at which at any particular time its corporate trust business will be administered, which office for the
Trustee as of the date hereof is located at 2 N. La Salle St., Chicago, Illinois 60602. 
 “Covenant
Defeasance” has the meaning specified in Section 13.03. 
 “Debt Securities” has the meaning
specified in the first recital of this Indenture and more particularly means any Debt Securities authenticated and delivered under this Indenture. 
 “Default” has the meaning specified in Section 6.02. 
 “Defaulted Interest” has the meaning specified in Section 3.07. 
 “Defeasance”
has the meaning specified in Section 13.02.
 “Depositary” means, with respect to Securities of any series
issuable in whole or in part in the form of one or more Global Securities, a clearing agency registered under the Exchange Act that is designated to act as Depositary for such Securities as contemplated by Section 3.01. 
  

 2 

 “Event of Default” has the meaning specified in Section 5.01.

 “Exchange Act” means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as
amended from time to time. 
 “Expiration Date” has the meaning specified in Section 1.04. 
 “Global Security” means a Security that evidences all or part of the Securities of any series and bears the legend set
forth in Section 2.04 (or such legend as may be specified as contemplated by Section 3.01 for such Securities). 
 “Guarantee” means an agreement of the Guarantor, in the form set forth as Annex A hereto or in any other form specified in accordance with Section 3.01 hereof, to be endorsed on the Debt Securities of BHFC
authenticated and delivered under this Indenture. 
 “Guarantor” means the Person named as the
“Guarantor” in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Guarantor” shall mean such successor Person.

“Holder” means a Person in whose name a Security is registered in the Security Register. 
 “Indenture” means this instrument as originally executed and as it may from time to time be supplemented or amended by one
or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a
part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of particular series of Securities established as contemplated by Section 3.01. 

“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” when used with respect to any
Security, means the Stated Maturity of an installment of interest on such Security. 
 “Investment Company Act”
means the Investment Company Act of 1940 and any statute successor thereto, in each case as amended from time to time. 
 “Maturity” when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity
or by declaration of acceleration, call for redemption or otherwise. 
 “Non-U.S. Person” means a Person who is
not a U.S. person, as defined in Regulation S. 
 “Notice of Default” means a written notice of the kind
specified in Section 5.01(d). 
 “Officers’ Certificate” means a certificate signed by the Chairman
of the Board, a Vice Chairman of the Board, President, Chief Executive Officer or a Vice President, and by the Chief Financial Officer, Treasurer, an Assistant Treasurer, Secretary or an Assistant Secretary, of the issuing Company or the Guarantor,
as the case may be, and delivered to the Trustee. 
 “Opinion of Counsel” means a written opinion of counsel,
who may be an employee of or counsel for the issuing Company or the Guarantor, as the case may be, and who shall be reasonably acceptable to the Trustee. 
 “Original Issue Discount Security” means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the
Maturity thereof pursuant to Section 5.02. 
 “Outstanding” when used with respect to Securities, means,
as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture (including Securities held by a Company or an Affiliate of either Company), except: 
 (1) Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 
 (2) Securities for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any
Paying Agent (other than the issuing Company or the Guarantor) in trust or set aside and segregated in trust by the issuing Company or the Guarantor (if the issuing Company or the Guarantor shall act as the Paying Agent) for the Holders of such
Securities; provided that, if such 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; 
  

 3 

 (3) Securities as to which Defeasance has been effected pursuant to Section 13.02;
and 
 (4) Securities which have been paid or in exchange for or in lieu of which other Securities have been authenticated
and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such
Securities are valid obligations of the issuing Company or the issuing Company and the Guarantor, as the case may be;  
 provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given, made or taken any request, demand, authorization, direction, notice, consent, waiver or
other action hereunder as of any date, (A) the principal amount of an Original Issue Discount Security which shall be deemed to be Outstanding shall be the amount of the principal thereof which would be due and payable as of such date upon
acceleration of the Maturity thereof to such date pursuant to Section 5.02, (B) if, as of such date, the principal amount payable at the Stated Maturity of a Security is not determinable, the principal amount of such Security which shall
be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section 3.01, (C) the principal amount of a Security denominated in one or more foreign currencies or currency units which shall be deemed to be
Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by Section 3.01, of the principal amount of such Security (or, in the case of a Security described in Clause (A) or
(B) above, of the amount determined as provided in such Clause), and (D) Securities owned by the issuing Company, the Guarantor or any other obligor upon the Securities or any Affiliate of the issuing Company, the Guarantor or of such
other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver or other action, only
Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. 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 Securities and that the pledgee is not the issuing Company, the Guarantor or any other obligor upon the Securities or any Affiliate of the issuing Company, the Guarantor or of such
other obligor. 
 “Paying Agent” means any Person authorized by the issuing Company to pay the principal of or
any premium or interest on any Securities on behalf of such Company. 
 “Person” means any individual,
corporation, partnership, joint venture, trust, unincorporated organization, limited liability company or government or any agency or political subdivision thereof. 
 “Place of Payment” when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on the Securities of that series
are payable as specified as contemplated by Section 3.01. 
 “Predecessor Security” of any particular
Security means every previous Security evidencing all or a portion of the same debt (and guarantee, in the case of a BHFC Security) as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated
and delivered under Section 3.06 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt (and guarantee, in the case of a BHFC Security) as the mutilated, destroyed, lost or stolen
Security. 
 “Private Placement Legend” has the meaning specified in Section 2.05. 
 “QIB” means any “qualified institutional buyer,” as defined in Rule 144A.
 “Redemption Date” when used with respect to any 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 Security to be redeemed, means
the price at which it is to be redeemed pursuant to this Indenture. 
 “Registered Exchange Offer” means an
exchange offer by the issuing Company registered under the Securities Act pursuant to which Restricted Securities are exchanged for Securities of like principal amount not bearing the Private Placement Legend. 
 “Registration Rights Agreement” means a registration rights agreement, if any, among the issuing Company, the Guarantor (as
applicable) and one or more initial purchasers in connection with an issuance of Restricted Securities of any series under this Indenture. 
 “Regular Record Date” for the interest payable on any Interest Payment Date on the Securities of any series means the date specified for that purpose as contemplated by Section 3.01.

  

 4 

 “Regulation S” means Regulation S under the Securities Act (including any
successor regulation thereto), as it may be amended from time to time.
 “Regulation S Global Security” has the
meaning specified in Section 2.01. 
 “Responsible Officer” means, when used with respect to the Trustee,
any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions
similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall
have direct responsibility for the administration of this Indenture. 
 “Restricted Security” means any
Security (or beneficial interest therein) not originally issued and sold in a transaction registered under the Securities Act, until such time as: (i) such Security (or beneficial interest therein) has been transferred in a transaction
registered under the Securities Act; (ii) the Restriction Termination Date therefor has passed; or (iii) the Private Placement Legend therefor has otherwise been removed pursuant to Section 3.05(b)(4) hereof or, in the case of a
beneficial interest in a Global Security, such beneficial interest has been exchanged for an interest in a Global Security not bearing a Private Placement Legend. 
 “Restriction Termination Date” means, with respect to any Restricted Security (or beneficial interest therein) resold in reliance on Rule 144A, six months (or such other period specified
in Rule 144(d)) or, with respect to any Restricted Security (or beneficial interest therein) resold in reliance on Regulation S, the last day of the distribution compliance period specified in Rule 903 of Regulation S (if applicable), in each case
from the original issue date of such Restricted Security or, if any additional Restricted Securities within the same series have been issued and sold prior to the Restriction Termination Date for such Restricted Security, from the latest original
issue date of such additional Securities. 
 “Rule 144” means Rule 144 under the Securities Act (including any
successor regulation thereto), as it may be amended from time to time, and any reference to a subsection thereof shall include any successor subsection thereto, as it may be amended from time to time. 
 “Rule 144A” means Rule 144A under the Securities Act (including any successor regulation thereto), as it may be amended
from time to time. 
 “Rule 144A Global Security” has the meaning specified in Section 2.01. 

“Securities” has the meaning stated in the second recital of this Indenture and more particularly means any Debt
Securities, including Debt Securities issued with a Guarantee, authenticated and delivered under this Indenture. 
 “Securities Act” means the Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time. 
 “Security Register” and “Security Registrar” have the respective meanings specified in Section 3.05. 
 “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to
Section 3.07. 
 “Stated Maturity” when used with respect to any Security or any installment of principal
thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939 (15 U.S.C. § 77aaa-77bbbb) as in force at the date as of
which this instrument was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust
Indenture Act of 1939 as so amended. 
 “Trustee” means the Person named as the “Trustee” in
the first paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee
hereunder, and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 
  

 5 

 “U.S. Government Obligation” has the meaning specified in
Section 13.04. 
 “Vice President” when used with respect to the issuing Company, the Guarantor or the
Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title “vice president.” 
 Section 1.02. Compliance Certificates and Opinions. 
 Upon any
application or request by the issuing Company or the Guarantor to the Trustee to take any action under any provision of this Indenture, the issuing Company or the Guarantor, as the case may be, shall furnish to the Trustee such certificates and
opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officers’ Certificate, if to be given by an officer of the issuing Company or the Guarantor, or an Opinion of Counsel,
if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (except for certificates provided for in Section 10.04) shall include: 

(a) a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein
relating thereto; 
 (b) a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; 
 (c) a statement that, in the opinion of each such
individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (d) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 Section 1.03. 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 issuing Company or the Guarantor 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 issuing Company or the Guarantor stating that the information with respect to such
factual matters is in the possession of the issuing Company or the Guarantor, as applicable, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion 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 1.04. Acts of Holders; Record Dates. 
 Any request, demand,
authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made 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 agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly
required, to the issuing Company and/or the Guarantor. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or
instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Section 6.01) conclusive in favor of the Trustee, the issuing Company and the
Guarantor, if made in the manner provided in this Section. The Holder of a Global Security may grant proxies and otherwise authorize any Person, including owners of beneficial interests in such Global Security, to take any action that a Holder is
entitled to take under this Indenture. 
  

 6 

 The fact and date of the execution by any Person of any such instrument or writing may be
proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him
the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such
instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
 The ownership of Securities shall be proved by the Security Register. 
 Any
request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in
exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the issuing Company and/or the Guarantor in reliance thereon, whether or not notation of such action is made upon such Security.

 The issuing Company may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of
any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders of Securities of such series,
provided that the issuing Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction referred to in the next paragraph. If
any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders
after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record
date. Nothing in this paragraph shall be construed to prevent the issuing Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set
shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of
the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the issuing Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the
applicable Expiration Date to be given to the Trustee in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 1.06. 
 The Trustee may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to join in the giving or making of (i) any Notice of Default,
(ii) any declaration of acceleration referred to in Section 5.02, (iii) any request to institute proceedings referred to in Section 5.07(b), or (iv) any direction referred to in Section 5.12, in each case with respect
to Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of such series on such record date, and no other Holders, shall be entitled to join in such notice, declaration, request or
direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of
Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph
(whereupon the record date previously set shall automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite
principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the issuing Company’s expense, shall cause notice of such
record date, the proposed action by Holders and the applicable Expiration Date to be given to the issuing Company in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 1.06. 
 With respect to any record date set pursuant to this Section, the party hereto which sets such record dates may designate any day as the
“Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is given to the other party
hereto in writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 1.06, on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to any record date set
pursuant to this Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date
as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 
 Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so with regard to all or any part of the principal amount of such
Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. 
  

 7 

 Section 1.05. Notices, Etc., to Trustee, Company and Guarantor. 
 Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with: 
 (a) the Trustee by any Holder or by the issuing Company or
the Guarantor shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Division, or 
 (b) the issuing Company or the Guarantor 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 issuing Company or the Guarantor, as appropriate, addressed to it 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 issuing Company or the Guarantor, attention: Chief Financial Officer. 
 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 written instructions, subsequent to such transmission of written instructions, 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. If the party elects to give the Trustee e-mail or facsimile instructions (or instructions by a
similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. 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 notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic
instructions 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 or
interception and misuse by third parties. 
 Notwithstanding anything to the contrary contained herein, as long as the
Securities are in the form of a Global Security, notice to the Holders may be made electronically in accordance with procedures of the Depositary. 
 Section 1.06. Notice to Holders; Waiver. 
 Where this Indenture
provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it
appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail
such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. 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. 
 In case by reason of the suspension of regular mail service or
by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
 Section 1.07. Conflict with Trust Indenture Act. 
 If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act which is required under such act to be a part of and govern this Indenture, the latter provision shall
control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act which may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the
case may be. 
  

 8 

 Section 1.08. 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 1.09. Successors and Assigns. 
 All covenants and agreements in this Indenture by the issuing Company and the Guarantor shall bind their respective successors and assigns,
whether so expressed or not. 
 Section 1.10. Separability Clause. 
 In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 1.11.
Benefits of Indenture. 
 Nothing in this Indenture or in the Securities, express or implied, shall give to any Person,
other than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 1.12. Governing Law. 
 This Indenture and the Securities shall
be governed by and construed in accordance with the laws of the State of New York. 
 Section 1.13. Legal Holidays.

 In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day
at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision of any Securities of any series which specifically states otherwise)) 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 or Redemption Date, or at the Stated
Maturity; provided that, except where otherwise specified in a provision of any Securities of any series, no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be.

 Section 1.14. Immunity of Incorporators, Shareholders, Officers and Directors. 
 No recourse shall be had for the payment of principal of, or premium, if any, or interest, if any, on any Security of any series, or for any
claim based thereon, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, shareholder, officer or director, as such, past, present or future, of either Company or the Guarantor or of any successor corporation of
either Company or the Guarantor, either directly or indirectly through either Company or the Guarantor or any successor corporation of either Company or the Guarantor, whether by virtue of any constitution, statute or rule of law or by the
enforcement of any assessment of penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Securities of each series are solely corporate obligations, and that no personal liability whatever shall attach to, or
is incurred by, any incorporator, shareholder, officer or director, past, present or future, of either Company or the Guarantor or of any successor corporation of either Company or the Guarantor, either directly or indirectly through either Company
or the Guarantor or any successor corporation of either Company or the Guarantor, because of the incurring of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants or agreements contained in this Indenture or
in any of the Securities of any series, or to be implied herefrom or therefrom; and that all such personal liability is hereby expressly released and waived as a condition of, and as part of the consideration for, the execution of this Indenture and
the issuance of the Securities of each series. 
 Section 1.15. Waiver of Jury Trial. 
 EACH OF THE COMPANIES, THE GUARANTOR AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND
ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 
  

 9 

 Section 1.16. Force Majeure. 
 In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out
of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances. 
 ARTICLE 2 
 SECURITY FORMS 
 Section 2.01. Forms Generally. 
 The Securities of each series shall be in substantially the form set
forth in this Article, or in such other form as shall be established by 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 Depositary
therefor or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution thereof. If the form of Debt Securities of any series or the form of Guarantee of any series 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 issuing Company or the Guarantor, as the case may be, and delivered to the Trustee at or prior
to the delivery of the Company Request contemplated by Section 3.03 for the authentication and delivery of such Debt Securities or Guarantee. 
 Any Securities originally offered and sold to QIBs in reliance on Rule 144A will be issued in the form of one or more permanent Global Securities (each, a “Rule 144A Global Security”). Any Securities originally offered and
sold outside the United States in reliance on Regulation S will be issued in the form of one or more permanent Global Securities (each, a “Regulation S Global Security”). 
 The definitive Securities 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 Securities, as evidenced by their execution of such Securities. 
 Section 2.02. Form of Face of Debt Security. 
 [Insert any legend required by the Internal Revenue Code
and the regulations thereunder.] 
  

				
	 [Berkshire Hathaway Inc. or Berkshire Hathaway Finance Corporation]
	  		
		
	 No. ______
	  	$	 ______

 [Berkshire Hathaway Inc. or Berkshire Hathaway Finance Corporation], a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”, which term includes any successor Person
under the Indenture hereinafter referred to), for value received, hereby promises to pay to _____, or registered assigns, the principal sum of _____ Dollars on _____ [if the Debt Security is to bear interest prior to Maturity, insert, and to pay
interest thereon from ______________ or from the most recent Interest Payment Date to which interest has been paid or duly provided for, ___________________ on _________________ and in each year, commencing
______________________ , at the rate of ____________________________% per annum, until the principal hereof is paid or made available for payment [if applicable, insert — provided that any principal and premium, and any
such installment of interest, which is overdue shall bear interest at the rate of _______________________% per annum (to the extent that the payment of such interest shall be legally enforceable), from the date such amounts are due until they
are paid or made available for payment, and such interest shall be payable on demand]. 
  

 10 

 The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in such Indenture, be paid to the Person in whose name this Debt Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the
____________________ or _________________ (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable
to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Debt Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.
 [If the Debt Security is not to bear interest prior to Maturity, insert — The principal of this Debt Security shall not bear interest except in
the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal and any overdue premium shall bear interest at the rate of ___% per annum (to the extent that the payment
of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment. Interest on any overdue principal or premium shall be payable on demand. [Any such interest on overdue principal
or premium which is not paid on demand shall bear interest at the rate of ....% per annum (to the extent that the payment of such interest on interest shall be legally enforceable), from the date of such demand until the amount so demanded is
paid or made available for payment. Interest on any overdue interest shall be payable on demand.]] 
 Payment of the principal
of (and premium, if any) and [if applicable, insert — any such] interest on this Debt Security will be made at the office or agency of the Company maintained for that purpose in _________________, in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of public and private debts [if applicable, insert —; provided, however, that at the option of the Company payment of interest may be made by check
mailed to the address of the Person entitled thereto as such address shall appear in the Security Register]. 
 Reference is
hereby made to the further provisions of this Debt Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this
Debt Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 IN WITNESS
WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal. 
  

							
	Dated:	 		 	
		 		 	[Berkshire Hathaway Inc. or Berkshire Hathaway Finance Corporation],
				
	 	 		 	By:	 	 

 Section 2.03. Form of
Reverse of Debt Security. 
 This Debt Security is one of a duly authorized issue of securities of the Company (herein
called the “Debt Securities”), issued and to be issued in one or more series under an Indenture, dated as of February 1, 2010 (herein called the “Indenture”, which term shall have the meaning assigned to it in such
instrument), among the Company, as issuer, [if applicable, insert — Berkshire Hathaway Inc., as guarantor (herein called the “Guarantor”, which term shall include any successor Guarantor under the Indenture),] [Berkshire
Hathaway Finance Corporation,] and ____________, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, [if applicable, insert — the Guarantor,] the Trustee and the Holders of the Debt Securities and of the terms upon which the Debt Securities are,
and are to be, authenticated and delivered. This Debt Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to
$            . The Company may at any time issue additional securities under the Indenture in unlimited amounts having the same terms as the Debt Securities; provided that no
additional securities of a series may be issued if at the time of issuance an Event of Default has occurred and is continuing with respect to such series of securities. 
  

 11 

 [If applicable, insert — The Debt Securities of this series are subject to
redemption upon not less than 30 days’ notice by mail, [if applicable, insert — (1) on ___________ in any year commencing with the year ____________ and ending with the year ___________ through
operation of the sinking fund for this series at a Redemption Price equal to 100% of the principal amount, and (2)] at any time [if applicable, insert — on or after ______________, ______________ ], as a whole or in part,
at the election of the Company, at the following Redemption Prices (expressed as percentages of the principal amount): If redeemed [if applicable, insert — on or before ______________, _____%, and if redeemed] during the 12-month
period beginning _______________________ of the years indicated, 
  

							
	 Year
	 	 Redemption Price
	 	 Year
	  	Redemption Price
		 		 		  	

 and thereafter at a Redemption Price equal to % of the principal amount, together in the case of any such
redemption [if applicable, insert — (whether through operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date
will be payable to the Holders of such Debt Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 
 [If applicable, insert — The Debt Securities of this series are subject to redemption upon not less than 30 days’
notice by mail, (1) on _____________________________ in any year commencing with the year __________________ and ending with the year _____ through operation of the sinking fund for this series at the Redemption Prices for
redemption through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below, and (2) at any time [if applicable, insert — on or after ], as a whole or in part, at the
election of the Company, at the Redemption Prices for redemption otherwise than through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below: If redeemed during the 12-month period beginning
_______________ of the years indicated, 
  

					
	 Year
	 	 Redemption Price For
 Redemption Through
 Operation of the Sinking Fund
	 	 Redemption Price For Redemption
 Otherwise Than Through Operation
 of the Sinking Fund

		 		 	
		 		 	

 and thereafter at a Redemption Price equal to ___% of the principal amount, together in the case of any
such redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such
Debt Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 
 [If applicable, insert — Notwithstanding the foregoing, the Company may not, prior to ___________________, redeem any
Debt Securities of this series as contemplated by [if applicable, insert — Clause (2) of] the preceding paragraph as a part of, or in anticipation of, any refunding operation by the application, directly or indirectly, of moneys
borrowed having an interest cost to the Company (calculated in accordance with generally accepted financial practice) of less than ___% per annum.] 
 [If applicable, insert — The sinking fund for this series provides for the redemption on in each year beginning with the year and ending with the year _______ of [if applicable,
insert — not less than $__________ (“mandatory sinking fund”) and not more than] $___ aggregate principal amount of Debt Securities of this series. Securities of this series acquired or redeemed by the Company
otherwise than through [if applicable, insert — mandatory] sinking fund payments may be credited against subsequent [if applicable, insert — mandatory] sinking fund payments otherwise required to be made [if applicable,
insert — , in the inverse order in which they become due].] 
 [If the Debt Security is subject to redemption of any
kind, insert — In the event of redemption of this Debt Security in part only, a new Debt Security or Debt Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the
cancellation hereof.] 
 [If the Debt Security is not subject to redemption, insert — This Debt Security is not redeemable
prior to Stated Maturity.] 
 [If applicable, insert — The Indenture contains provisions for defeasance at any
time of [the entire indebtedness of this Debt Security] [or] [certain restrictive covenants and Events of Default with respect to this Debt Security,] [in each case] upon compliance with certain conditions set forth in the Indenture.] 
  

 12 

 [If the Debt Security is not an Original Issue Discount Security, insert — If an
Event of Default with respect to Debt Securities of this series shall occur and be continuing, the principal of the Debt Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.]

 [If the Debt Security is an Original Issue Discount Security, insert — If an Event of Default with respect to
Debt Securities of this series shall occur and be continuing, an amount of principal of the Debt Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to
— insert formula for determining the amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal, premium and interest (in each case to the extent that the
payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of and premium and interest, if any, on the Debt Securities of this series shall terminate.] 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company [if applicable, insert — and the Guarantor] and the rights of the Holders of the Debt Securities of each series [if applicable, insert — and of Guarantees] to be affected under the Indenture
at any time by the Company [if applicable, insert — , the Guarantor] and the Trustee with the consent of the Holders of not less than 50% in principal amount of the Securities at the time Outstanding of each series to be affected
(voting together as a single class). The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of
such series, to waive compliance by the Company [if applicable, insert — and/or the Guarantor] with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver
by the Holder of this Debt Security shall be conclusive and binding upon such Holder and upon all future Holders of this Debt Security and of any Debt Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Debt Security. 
 As provided in and subject to the
provisions of the Indenture, the Holder of this Debt Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder
shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of at least 25% in principal amount of the Securities of this series at the time Outstanding shall
have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount
of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing
shall not apply to any suit instituted by the Holder of this Debt Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 
 No reference herein to the Indenture and no provision of this Debt Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Debt Security at the times, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Debt Security is registrable in the
Security Register, upon surrender of this Debt Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Debt Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or the Holder’s attorney duly authorized in writing, and thereupon one or more new Debt
Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Debt Securities of this series are issuable in registered form without coupons in denominations of $____ and any integral multiple
thereof. As provided in the Indenture and subject to certain limitations therein set forth, Debt Securities of this series are exchangeable for a like aggregate principal amount of Debt Securities of this series and of like tenor of a different
authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made to a Holder for
any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Debt Security for registration of transfer, the Company, [if applicable, insert — the
Guarantor,] the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Debt Security is registered as the owner hereof for all purposes, whether or not this Debt Security be overdue, and none of the Company,
[if applicable, insert — the Guarantor,] the Trustee or any such agent shall be affected by notice to the contrary. 
  

 13 

 [If applicable, insert — Except in the limited circumstances described in
Section 3.05 of the Indenture, the Debt Securities of this series shall be issued in the form of one or more Global Securities and [    ] shall be the Depositary for such Global Security or Securities.] 
 All terms used in this Debt Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 Section 2.04. Form of Legend for Securities. 
 Unless otherwise specified as contemplated by Section 3.01 for the Debt Securities evidenced thereby, every Debt Security authenticated
and delivered hereunder shall bear one or more of the appropriate legends in substantially the following forms as relevant below: 
 [If the Debt Security is a Global Security, then insert – THIS DEBT SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF.
THIS DEBT SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS DEBT SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN
THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.] 
 [If the Debt Security is a Restricted Security, then insert
the following legend (the “Private Placement Legend”) on the face thereof; provided, however, that the Private Placement Legend on any Security shall be removed at the request of the Holder on or after the date when such Security
ceases to be a Restricted Security – THIS DEBT SECURITY AND ANY RELATED GUARANTEE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND ACCORDINGLY, MAY NOT BE OFFERED, SOLD,
PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF, THE SECURITIES ACT, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
STATES OR ANY OTHER JURISDICTION AND IN ACCORDANCE WITH THE TRANSFER RESTRICTIONS CONTAINED IN THE INDENTURE UNDER WHICH THIS NOTE AND THE RELATED GUARANTEE WERE ISSUED.] 
 Section 2.05. Form of Trustee’s Certificate of Authentication. 
 The Trustee’s certificates of authentication shall be in substantially the following form: 
 This is one of the
Debt Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	 The Bank of New York Mellon Trust Company, N. A.,
     as Trustee

		
	By:	 	 
		 	Authorized Signatory

 ARTICLE 3

 THE SECURITIES 
 Section 3.01. Amount Unlimited; Issuable in Series. 
 The aggregate
principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 
 The Securities may
be issued in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to Section 3.03, set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more
indentures supplemental hereto, prior to the issuance of Securities of any series: 
 (a) the title of the Securities of the
series (which shall distinguish the Securities of the series from Securities of any other series); 
  

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 (b) any limit upon the aggregate principal amount of the Securities of the series which may
be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 3.04, 3.05, 3.06,
9.06 or 11.07 and except for any Securities which, pursuant to Section 3.03, are deemed never to have been authenticated and delivered hereunder); 
 (c) the Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest; 
 (d) the date or dates on which the principal of any Securities of the
series is payable; 
 (e) the rate or rates at which any Securities of the series shall bear interest, or the method or methods
by which such rate or rates shall be determined, if any, the date or dates from which any such interest shall accrue, the Interest Payment Dates on which any such interest shall be payable and the Regular Record Date for any such interest payable on
any Interest Payment Date; 
 (f) the place or places where the principal of and any premium and interest on any Securities of
the series shall be payable; 
 (g) as applicable, the period or periods within which, the price or prices at which and the
terms and conditions upon which any Securities of the series may be redeemed, in whole or in part, at the option of the issuing Company and, if other than by a Board Resolution, the manner in which any election by the issuing Company to redeem the
Securities shall be evidenced; 
 (h) the obligation, if any, of the issuing Company to redeem or purchase any Securities of the
series pursuant to any sinking fund or analogous provisions or at the option of the Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series shall be
redeemed or purchased, in whole or in part, pursuant to such obligation; 
 (i) if other than denominations of $1,000 and any
integral multiple thereof, the denominations in which any Securities of the series shall be issuable; 
 (j) if the amount of
principal of or any premium or interest on any Securities of the series may be determined with reference to an index or pursuant to a formula, the manner in which such amounts shall be determined; 
 (k) if other than the currency of the United States of America, the currency, currencies or currency units in which the principal of or any
premium or interest on any Securities of the series shall be payable and the manner of determining the equivalent thereof in the currency of the United States of America for any purpose, including for purposes of the definition of
“Outstanding” in Section 1.01; 
 (l) if the principal of or any premium or interest on any Securities of
the series is to be payable, at the election of the issuing Company or the Holder thereof, in one or more currencies or currency units other than that or those in which such Securities are stated to be payable, the currency, currencies or currency
units in which the principal of or any premium or interest on such Securities as to which such election is made shall be payable, the periods within which and the terms and conditions upon which such election is to be made and the amount so payable
(or the manner in which such amount shall be determined); 
 (m) if other than the entire principal amount thereof, the portion
of the principal amount of any Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.02; 
 (n) if the principal amount payable at the Stated Maturity of any Securities of the series will not be determinable as of any one or more dates prior to the Stated Maturity, the amount which shall be
deemed to be the principal amount of such Securities as of any such date for any purpose thereunder or hereunder, including the principal amount thereof which shall be due and payable upon any Maturity other than the Stated Maturity or which shall
be deemed to be Outstanding as of any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the principal amount shall be determined); 
 (o) as applicable, whether the Securities of the series, in whole or any specified part, shall be defeasible pursuant to Section 13.02
or Section 13.03 or both such Sections and, if other than by a Board Resolution, the manner in which any election by the issuing Company to defease such Securities shall be evidenced; 
 (p) as applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities and,
in such case, the respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or in lieu of that set forth in Section 2.04 and any circumstances in
addition to or in lieu of those set forth in Clause (2) of the last paragraph of Section 3.05 in which any such Global Security may be exchanged in whole or in part for Securities registered, and any transfer of such Global Security in
whole or in part may be registered, in the name or names of Persons other than the Depositary for such Global Security or a nominee thereof; 
  

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 (q) any addition to or change in the Events of Default which applies to any Securities of
the series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 5.02; 
 (r) any addition to or change in the covenants set forth in Article 10 which applies to Securities of the series; 
 (s) any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by
Section 9.01(e)); and 
 (t) in the case of BHFC Securities, the terms and conditions of any Guarantee to be endorsed upon
the Securities in addition to or in lieu of the form of Guarantee attached hereto as Annex A. 
 All Securities of any one
series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 3.03) set forth, or determined in the manner provided in
the Officers’ Certificate referred to above or in any such indenture supplemental hereto. 
 With respect to any particular
series of Securities issued and outstanding hereunder, the issuing Company may, from time to time, subject to compliance with any other applicable provisions of this Indenture, without the consent of the Holders, create and issue additional
Securities within such series (“Add On Securities”) having terms and conditions identical to those of the other outstanding Securities in such series, except that Add On Securities (i) may have a different issue date from other
outstanding Securities; (ii) may have a different principal amount than that of other outstanding Securities; (iii) may have terms specified in the relevant Board Resolution or supplemental indenture making appropriate adjustment to
Articles Two and Three of this Indenture (and related definitions) applicable to such Add On Securities in order to conform to and ensure compliance with the Securities Act (or other applicable securities laws) and any registration rights or similar
agreement applicable to such Add On Securities, which are not adverse in any material respect to the Holders of any other outstanding Securities; and (iv) may be entitled to additional or special interest as provided in Section 309 not
applicable to other outstanding Securities and may not be entitled to such additional or special interest applicable to other outstanding Securities. 
 If any of the terms of the series 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 issuing Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of the series. 
 Section 3.02. Denominations. 
 Unless otherwise specified pursuant to
Section 3.01, the Securities of each series shall be issuable in registered form without coupons and only in such denominations as shall be specified as contemplated by Section 3.01. In the absence of any such specified denomination with
respect to the Securities of any series, the Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof. 
 Section 3.03. Execution, Authentication, Delivery and Dating. 
 The
Debt Securities shall be executed on behalf of the issuing Company, and, with respect to Debt Securities of BHFC, the Guarantees endorsed thereon shall be executed on behalf of the Guarantor, by its or their respective, as applicable, Chairman of
the Board, Vice Chairman of the Board, Chief Executive Officer, President, Chief Financial Officer, Treasurer or one of its or their respective, as applicable, Vice Presidents. The signature of any of these officers on the Debt Securities and/or the
Guarantees may be manual or facsimile. 
 Securities bearing the manual or facsimile signatures of individuals who were at any
time the proper officers of the issuing Company and, in the case of BHFC Securities, the Guarantor, as the case may be, shall the Company and the Guarantor, as the case may be, notwithstanding that such individuals or any of them have ceased to hold
such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the issuing Company may deliver Debt Securities of any series executed by such Company, together with the Guarantees endorsed thereon executed by the
Guarantor in the case of BHFC Debt Securities, to the Trustee for authentication, together with a Company Request for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Request shall authenticate and
deliver such Securities. If the form or terms of the Debt Securities of the series and the Guarantees, as applicable, have been established by or pursuant to one or more Board Resolutions as permitted by Sections 2.01 and 3.01, in
authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in relying upon,
an Opinion of Counsel stating: 
  

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 (a) if the form of such Securities has been established by or pursuant to Board Resolution
as permitted by Section 2.01, that such form has been established in conformity with the provisions of this Indenture; 
 (b) if the terms of such Securities have been established by or pursuant to Board Resolution as permitted by Section 3.01, that such terms have been established in conformity with the provisions of this Indenture; and 
 (c) that such Securities, when authenticated and delivered by the Trustee and issued by the issuing Company (with respect to the Debt
Securities) and by the Guarantor (with respect to the Guarantee), as applicable, in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the issuing Company (with
respect to the Debt Securities) and the Guarantor (with respect to the Guarantee), as applicable, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of
general applicability relating to or affecting creditors’ rights and to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 
 If such form or terms have been so established, the Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant
to this Indenture will adversely affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 Notwithstanding the provisions of Section 3.01 and of the preceding paragraph, if all Securities of a series are not to be originally
issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 3.01 or the Company Request and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or
prior to the authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued. 
 Each Security shall be dated the date of its authentication. 
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form
provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. Notwithstanding the
foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the issuing Company, and the issuing Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.09,
for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture or any related Guarantee. 
 Section 3.04. Temporary Securities. 
 Pending the preparation of definitive Securities of any series, the issuing Company and the Guarantor, as applicable, may execute, and upon Company Request the Trustee shall authenticate and deliver,
temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate
insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution of such Securities. 
 If temporary Securities of any series are issued, the issuing Company and the Guarantor, as applicable, will cause definitive Securities of that series to be prepared without unreasonable delay. After the
preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the
issuing Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the issuing Company and the Guarantor, as applicable, shall execute and the
Trustee shall authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, the temporary Securities of any
series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and tenor. 
  

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 Section 3.05. Registration, Registration of Transfer and Exchange; Certain Transfers
and Exchanges. 
 (a) Registration, Registration of Transfer and Exchange Generally. The issuing Company shall
cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any other office or agency of such Company in a Place of Payment being herein sometimes collectively referred to as the
“Security Register”) in which, subject to such reasonable regulations as it may prescribe, such Company shall provide for the registration of Securities and of transfers of Securities. The Trustee is hereby initially appointed
“Security Registrar” for the purpose of registering Securities and transfers of Securities as herein provided. The issuing Company, with prior notice to the Trustee, may replace the Security Registrar with an entity that
satisfies the eligibility requirements of a Trustee under Section 6.09. The Trustee shall have the right to inspect the register of the Security Registrar at all reasonable times and may request and rely upon a certificate of a duly authorized
officer of the Security Registrar as to the names and addresses of Holders and the principal amounts and numbers of the Securities held thereby and such other matters as the Trustee may reasonably request.
 Upon surrender for registration of transfer of any Security of a series at the office or agency of the issuing Company in a Place of Payment
for that series, such Company and the Guarantor, as applicable, shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series, of any authorized
denominations and of like tenor and aggregate principal amount. 
 At the option of the Holder, Securities of any series may be
exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so
surrendered for exchange, the issuing Company and the Guarantor, as applicable, shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the issuing Company and
the Guarantor, as applicable, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the issuing Company or the
Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to such Company and the Security Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing. 
 No service charge shall be made for any registration of transfer or exchange of Securities, but the issuing Company may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.04, 3.06, 9.06 or 11.07 not involving any
transfer. 
 The issuing Company shall not and, in the case of BHFC Securities, the Guarantor shall not, be required (A) to
issue, register the transfer of or exchange Securities of any series during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Securities of that series selected for redemption under
Section 11.03 and ending at the close of business on the day of such mailing, or (B) to register the transfer of or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being
redeemed in part. 
 The provisions of Clauses (1), (2), (3), and (4) below shall apply only to Global Securities:

 (1) Each Global Security authenticated under this Indenture shall be registered in the name of the Depositary
designated for such Global Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for all purposes of this Indenture. 
 (2) Notwithstanding any other provision in this Indenture, no Global Security may be exchanged in whole or in part for
Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof unless (A) such Depositary (i) has
notified the issuing Company and the Guarantor, as applicable, that it is unwilling or unable to continue as Depositary for such Global Security or (ii) has ceased to be a clearing agency registered under the Exchange Act, (B) the issuing
Company in its sole discretion determines that such Global Security shall be exchangeable for definitive registered Securities and executes and delivers to the Security Registrar a Company Request providing that such Global Security shall be so
exchangeable, (C) there shall have occurred and be continuing an Event of Default with respect to such Global Security or (D) there shall exist such circumstances, if any, in addition to or in lieu of the foregoing as have been specified
for this purpose as contemplated by Section 3.01. 
  

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 (3) Subject to Clause (2) above, any exchange of a Global Security for
other Securities may be made in whole or in part, and all Securities issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct. In connection with the
exchange of an entire Global Security for definitive Securities pursuant to Clause (2), such Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the issuing Company and the Guarantor, as applicable, shall execute,
and the Trustee shall authenticate and deliver to each beneficial owner identified by the Depositary in exchange for its beneficial interest in such Global Security, an equal aggregate principal amount of definitive Securities of authorized
denominations. 
 (4) Every Security authenticated and delivered upon registration of transfer of, or in exchange
for or in lieu of, a Global Security or any portion thereof, whether pursuant to this Section, Section 3.04, 3.06, 9.06 or 11.07 or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such
Security is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof. 
 (b) Additional Provisions Related to Transfer and Exchange of Certain Restricted Securities. 
 (1) If the owner of a beneficial interest in a Rule 144A Global Security that is a Restricted Security wishes to transfer such interest (or a portion thereof) to a Non-U.S. Person pursuant to Regulations S, then upon receipt by the Trustee
of (i) instructions from the Holder of the Rule 144A Global Security directing the Trustee to credit or cause to be credited a beneficial interest in the Regulation S Global Security equal to the principal amount of the beneficial interest in
the Rule 144A Global Security to be transferred and (ii) a certificate from the transferor in the form of Exhibit A, the Trustee shall, subject to the rules and procedures of the Depositary, instruct the Depositary to increase the Regulation S
Global Security and decrease the Rule 144A Global Security by the amount so transferred. 
 (2) If the owner of a
beneficial interest in a Regulation S Global Security that is a Restricted Security wishes to transfer such interest (or a portion thereof) to a QIB pursuant to Rule 144A, then upon receipt by the Trustee of (i) instructions from the Holder of
the Regulation S Global Security directing the Trustee to credit or cause to be credited a beneficial interest in the Rule 144A Global Security equal to the principal amount of the beneficial interest in the Regular S Global Note to be transferred
and (ii) a certificate from the transferor in the form of Exhibit B, the Trustee shall, subject to the rules and procedures of the Depositary, instruct the Depositary to increase the Rule 144A Global Security and decrease the Regulation S
Global Security by the amount so transferred. 
 (3) Any transfer of Restricted Securities not described above
(other than transfers of beneficial interests within the same Global Security, which must be effected in accordance with applicable law and the rules and procedures of the Depositary) shall be made only upon receipt by the Trustee of such opinions
of counsel, certificates and/or other information reasonably required by and satisfactory to it in order to ensure compliance with the Securities Act or in accordance with subsection (4) below. 
 (4) Upon the transfer, exchange or replacement of any Security (or a beneficial interest in a Global Security) bearing a
Private Placement Legend, the Trustee shall deliver only a Security (or a beneficial interest in a Global Security) that bears a Private Placement Legend unless: 
 (i) such Security (or beneficial interest) is exchanged in a Registered Exchange Offer; 
 (ii) such Security (or beneficial interest) is transferred pursuant to an effective registration statement; 
 (iii) such Security (or beneficial interest) is transferred pursuant to Rule 144 upon delivery to the Trustee of a
certificate from the transferor in the form of Exhibit C and an opinion of counsel reasonably satisfactory to the Trustee; 
 (iv) such Security (or beneficial interest) is transferred, replaced or exchanged after the Restriction Termination Date therefor; or 
 (v) in connection with such transfer, exchange or replacement, the Trustee shall have received an opinion of counsel and
other evidence reasonably satisfactory to it to the effect that neither such Private Placement Legend nor the related restrictions on transfer are required in order to maintain compliance with the Securities Act. 
  

 19 

 (c) Adverse Consequences Under Law. Furthermore, notwithstanding any other provision
of this Section 3.05, the issuing Company will not be required to exchange any Securities if, as a result of the exchange, such Company would suffer adverse consequences under any United States law or regulation. 
 (d) Trustee’s Duties with Respect to Transfers. The Trustee shall have no obligation or duty to monitor, determine or inquire as
to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depositary participants or beneficial owners
of interests in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine
the same to determine substantial compliance as to form with the express requirements hereof. 
 (e) No Responsibility for
Records or Actions of Depositary. None of the Companies, the Guarantor, the Trustee, any Paying Agent or any Security Registrar will have any responsibility or liability for any aspect of Depositary records relating to, or payments made on
account of, beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any Depositary records relating to such beneficial ownership interests, or for transfers of beneficial interests in the Securities or any
transactions between the Depositary and beneficial owners. 
 Section 3.06. Mutilated, Destroyed, Lost and Stolen
Securities. 
 If any mutilated Security is surrendered to the Trustee, the issuing Company and the Guarantor, as
applicable, shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 If there shall be delivered to the issuing Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft
of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to such Company or the Trustee that such Security has been acquired by
a protected purchaser, such Company and the Guarantor, as applicable, shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and
principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or
stolen Security has become or is about to become due and payable, the issuing Company in its discretion may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security under this Section, the issuing Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 
 Every new Security of
any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the issuing Company and the Guarantor, as applicable, whether or not the destroyed, lost
or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 3.07. Payment of Interest;
Interest Rights Preserved; Additional or Special Interest. 
 Except as otherwise provided as contemplated by
Section 3.01 with respect to any series of Securities, interest on any 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 Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. 
 Any interest on
any 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 Holder on the relevant
Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the issuing Company, at its election in each case, as provided in Clause (a) or (b) below: 
  

 20 

 (a) Such Company may elect to make payment of any Defaulted Interest to the Persons in whose
names the 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. Such Company
shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Security of such series and the date of the proposed payment, and at the same time such Company shall deposit with the Trustee an amount of money
equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust
for the benefit of the Persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 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 notice of the proposed payment. The Trustee shall promptly notify such Company of such Special Record Date and, in the
name and at the expense of such Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder of Securities of such series in the manner set forth in Section 1.06,
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 so mailed, such Defaulted Interest shall be paid to the Persons in whose names
the 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 (b). 
 (b) Such Company may make payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent with
the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by such 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
Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

(c) Under certain circumstances, the issuing Company may be obligated to pay additional or special interest as liquidated damages to
Holders of Outstanding Securities of any series, all as and to the extent set forth in a Registration Rights Agreement (if any) applicable to such series. In any such event, such additional or special interest such Company may be obligated to pay as
liquidated damages will be deemed to be interest for purposes of this Indenture. The Trustee shall have no duty or responsibility for determining if any additional or special interest or liquidated damages are payable with respect to Securities of
any series or, if any such additional or special interest or liquidated damages are payable thereon, when such additional or special interest or liquidated damages are payable and the amount thereof. Such Company shall notify the Trustee and Paying
Agent in writing at least five days prior to each Interest Payment Date with respect to Securities of such series whether additional or special interest or liquidated damages are payable and, to the extent such additional or special interest or
liquidated damages are payable, shall certify in such notice the date such additional or special interest or liquidated damages commenced to accrue, the applicable per annum interest rate or rates applicable thereto and the periods such additional
or special interest or liquidated damages accrued at each such rate and the aggregate amount of such additional or special interest or liquidated damages payable on such Interest Payment Date. 
 Section 3.08. Persons Deemed Owners. 
 Prior to due presentment of a Security for registration of transfer, the issuing Company, the Guarantor (as applicable), the Trustee and any agent thereof may treat the Person in whose name such Security
is registered as the owner of such Security for the purpose of receiving payment of principal of and any premium and (subject to Section 3.07) any interest on such Security and for all other purposes whatsoever, whether or not such Security be
overdue, and none of such Company, the Guarantor (as applicable), the Trustee or any agent thereof shall be affected by notice to the contrary. 
 Section 3.09. Cancellation. 
 All Securities surrendered for payment,
redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The issuing Company
(and/or the Guarantor, as applicable) may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which such Company (or the Guarantor, as applicable) may have acquired in any manner
whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which have not been issued or sold, and all Securities so delivered shall be promptly
cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be
disposed of as directed by a Company Request. 
  

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 Section 3.10. Computation of Interest. 
 Except as otherwise specified as contemplated by Section 3.01 for Securities of any series, interest on the Securities of each series
shall be computed on the basis of a 360-day year of twelve 30-day months. 
 Section 3.11. Execution of Guarantee.

 In the case of BHFC Securities, to evidence the Guarantee to the Holders specified in this Indenture, the Guarantor hereby
agrees to execute the Guarantees, in substantially the form attached hereto as Annex A or in any other form specified in accordance with Section 3.01 hereof, to be endorsed on each BHFC Security authenticated and delivered by the Trustee (or
any Authenticating Agent). Each such Guarantee shall be signed on behalf of the Guarantor as set forth in Section 3.03 to the authentication of the BHFC Security on which it is endorsed and the delivery of such BHFC Security by the Trustee (or
any Authenticating Agent), after the authentication thereof hereunder, shall constitute due delivery of such Guarantee on behalf of the Guarantor. 
 Section 3.12. Assumption by Guarantor. 
 The Guarantor may, without
the consent of the Trustee or the Holders, assume all of the rights and obligations of BHFC hereunder with respect to a series of BHFC Securities and under the BHFC Securities of such series if, after giving effect to such assumption, no Default or
Event of Default shall have occurred and be continuing. Upon such an assumption, the Guarantor shall execute a supplemental indenture evidencing its assumption of all such rights and obligations of BHFC and BHFC shall be released from its
liabilities hereunder and under such BHFC Securities as obligor on the BHFC Securities of such series. 
 The Guarantor shall
assume all of the rights and obligations of BHFC hereunder with respect to a series of BHFC Securities and under the BHFC Securities of such series if, upon a default by BHFC in the due and punctual payment of the principal, sinking fund payment, if
any, premium, if any, or interest on such BHFC Securities, the Guarantor is prevented by any court order or judicial proceeding from fulfilling its obligations under the Guarantee with respect to such series of BHFC Securities. Such assumption shall
result in the BHFC Securities of such series becoming the direct obligations of the Guarantor and shall be effected without the consent of the holders of the Securities of any series or the Trustee. Upon such an assumption, the Guarantor shall
execute a supplemental indenture evidencing its assumption of all such rights and obligations of BHFC, and BHFC shall be released from its liabilities hereunder and under such BHFC Securities as obligor on the BHFC Securities of such series.

 Section 3.13. CUSIP and ISIN Numbers. 
 The issuing Company in issuing any series of the Securities may use “CUSIP” and “ISIN” numbers, in each case if then
generally in use, and thereafter with respect to such series, the Trustee for the Securities of such series may use such numbers in any notice of redemption or exchange with respect to such series, provided that any such notice may state that no
representation is made as to the correctness of such numbers either as printed on the Securities of that series or as contained in any notice of a redemption or exchange and that reliance may be placed only on the other identification numbers
printed on the Securities of that series, and any such redemption or exchange shall not be affected by any defect in or omission of such numbers. 
 ARTICLE 4 
 SATISFACTION AND DISCHARGE 
 Section 4.01. 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 Securities herein expressly provided for), and the Trustee, at the expense of the issuing Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when: 
 (a) either (i) all Securities theretofore authenticated and delivered (other than (A) Securities which have been mutilated,
destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.06 and (B) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by such Company and thereafter
repaid to such Company or discharged from such trust, as provided in Section 10.03) have been delivered to the Trustee for cancellation; or (ii) all such Securities not theretofore delivered to the Trustee for cancellation (A) have
become due and payable, or (B) will become due and payable at their Stated Maturity within one year, or (C) 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 such Company, and such Company (and/or the Guarantor, as the case may be), in the case of Section 4.01(a)(ii)(B) or (C) above, has deposited or caused to be deposited with the
Trustee as trust funds in trust for the purpose money in an amount sufficient to pay and discharge the entire indebtedness represented by such Securities not theretofore delivered to the Trustee for cancellation, for principal and any premium and
interest to the date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be; 
  

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 (b) such Company and/or the Guarantor, as the case may be, has paid or caused to be
paid all other sums payable hereunder by such Company and the Guarantor, as the case may be; and 
 (c) such Company and/or
the Guarantor, as the case may be, 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 issuing Company
and, as the case may be, the Guarantor to the Trustee under Section 6.07, the obligations of the Trustee to any Authenticating Agent under Section 6.14 and, if money shall have been deposited with the Trustee pursuant to subclause
(ii) of Clause (a) of this Section, the obligations of the Trustee under Section 4.02 and the last paragraph of Section 10.03 shall survive. 
 Section 4.02. Application of Trust Money. 
 Subject to the provisions
of the last paragraph of Section 10.03, all money deposited with the Trustee pursuant to Section 4.01 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either
directly or through any Paying Agent (including the issuing Company or the Guarantor acting as Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money
has been deposited with the Trustee. 
 ARTICLE 5 
 REMEDIES 
 Section 5.01. Events of Default. 
 “Event of Default” wherever used herein with respect to 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 or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body): 
 (a) default in the payment of any interest upon any Security of that series when it becomes due and
payable, and continuance of such default for a period of 30 days; or 
 (b) default in the payment of the principal of or
any premium on any Security of that series at its Maturity; or 
 (c) default in the deposit of any sinking fund payment, when
and as due by the terms of a Security of that series, and continuance of such default for a period of 30 days; or 
 (d) default in the performance, or breach, of any covenant or warranty of the issuing Company or the Guarantor (as applicable) in this Indenture with respect to such series or, with respect to the Guarantor, in the Guarantee with
respect to such series (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 a series
of Securities other than that series), and continuance of such default or breach for a period of 90 consecutive days after there has been given, by registered or certified mail, to such Company or the Guarantor, as the case may be, by the Trustee or
to such Company or the Guarantor, as the case may be, and the Trustee by the Holders of at least 25% in aggregate principal amount of the Securities of all series then Outstanding (or, with respect to any such covenant or warranty that is not
applicable to all series of Securities of such Company, by the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of such Company of all series to which it is applicable) (in each case voting as a single class) 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 
 (e) the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of such Company or the Guarantor, as the case may be, 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 such Company or the Guarantor bankrupt or insolvent, or approving as properly filed a petition
seeking reorganization, arrangement, adjustment or composition of or in respect of such Company or the Guarantor under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other
similar official of such Company or the Guarantor or of all or substantially all of their respective property and assets, or ordering the winding up or liquidation of their respective affairs, and the continuance of any such decree or order for
relief or any such other decree or order undismissed or unstayed and in effect for a period of 90 consecutive days; 
  

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 (f) such Company or the Guarantor, as the case may be, (i) commences a voluntary
case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case under any such law, (ii) consents to the appointment of or taking
possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of such Company or the Guarantor or of all or substantially all of the property and assets of such Company or the Guarantor or (iii) effects
any general assignment for the benefit of creditors (an event of default specified in clause (e) or (f) a “Bankruptcy Default”); or 
 (g) any other Event of Default provided with respect to Securities of that series. 
 Section 5.02. Acceleration of Maturity; Rescission and Annulment. 
 If an Event of Default (other than a
Bankruptcy Default) with respect to Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of at least 25% in aggregate principal amount of the Securities of all series then
Outstanding (or, if such default is not applicable to all series of the Securities, the Holders of at least 25% in principal amount of the Outstanding Securities of all series to which it is applicable) (in each case voting as a single class) may
declare the principal amount of all the Securities of that series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified by the terms thereof) to be
due and payable immediately, by a notice in writing to the Companies and the Guarantor, as applicable, (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or lesser specified amount) shall become
immediately due and payable. 
 If a Bankruptcy Default with respect to Securities of any series at the time Outstanding occurs,
the principal amount of all the Securities of that series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified by the terms thereof) shall
automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and payable. 
 At any time after such a declaration of acceleration with respect to 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 Securities of that series, by written notice to the issuing Company, the Guarantor, as applicable, and the Trustee, may rescind and annul such
declaration and its consequences if: (a) the issuing Company or the Guarantor, as applicable, has paid or deposited with the Trustee a sum sufficient to pay: 
 (i) all overdue interest on all Securities of that series, 
 (ii) the principal of
(and premium, if any, on) any Securities of that series which have become due otherwise than by such declaration of acceleration and any interest thereon at the rate or rates prescribed therefor in such Securities, 
 (iii) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in such
Securities, if any, and 
 (iv) 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 
 (b) all Events of Default with respect to Securities of that series, other than the non-payment of the principal of Securities of that
series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.13. 
 No such
rescission shall affect any subsequent default or impair any right consequent thereon. 
 Section 5.03. Collection of
Indebtedness and Suits for Enforcement by Trustee. 
 If Berkshire is the issuing Company, Berkshire covenants that if, and
if BHFC is the issuing Company, BHCF and the Guarantor, jointly and severally, covenant that if: 
 (a) default is made in the
payment of any interest on any Security of such issuing Company when such interest becomes due and payable and such default continues for a period of 30 days, or 
 (b) default is made in the payment of the principal of (or premium, if any, on) any Security of such issuing Company at the Maturity thereof, 
  

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 the issuing Company or the Guarantor, as applicable, will, upon demand of the Trustee, pay to it, for the
benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and any premium and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue
principal and premium and on any overdue interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
 If an Event of Default
with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the
Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper
remedy. 
 Section 5.04. Trustee May File Proofs of Claim. 
 In case of any judicial proceeding relative to the issuing Company or the Guarantor, as applicable, (or any other obligor upon the
Securities), its or their respective property or creditors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in order to have claims of
the Holders and the Trustee allowed in any such proceeding. In particular, the Trustee shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any custodian,
receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making
of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under
Section 6.07. 
 No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or
accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any
such proceeding; provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 
 Section 5.05. Trustee May Enforce Claims Without Possession of Securities. 
 All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession
of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after
provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

 Section 5.06. 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 or any premium or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 FIRST: to the payment of all amounts due the Trustee under Section 6.07; 
 SECOND: to the payment of the amounts then due and unpaid for principal of and any premium and interest on the Securities in respect of
which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and any premium and interest, respectively; and

 THIRD: to the Company. 
 Section 5.07. Limitation on Suits. 
 No Holder of any Security of any
series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (a) an Event of Default with respect to that series shall have occurred and be continuing and such Holder shall have previously given
written notice to the Trustee of such Event of Default and the continuance thereof; 
  

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 (b) the Holders of not less than 25% in principal amount of the Outstanding Securities of
that series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (c) such Holder or Holders have offered to the Trustee indemnity satisfactory to the Trustee against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such
proceeding; and 
 (e) no direction inconsistent with such written request has been given to the Trustee during such 60-day
period by the Holders of a majority in principal amount of the Outstanding Securities of that series; 
 it being understood and intended that
no one or more of such Holders of Securities of that series shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders of
Securities of that series, or to obtain or to seek to obtain priority or preference over any other of such Holders of Securities of that series 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 of Securities of that series. 
 Section 5.08. Unconditional Right of Holders To
Receive Principal, Premium and Interest. 
 Notwithstanding any other provision in this Indenture, the Holder of any
Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium and (subject to Section 3.07) interest on such Security on the respective Stated Maturities expressed in such Security
(or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
 Section 5.09. Restoration of Rights and Remedies. 
 If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined
adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the issuing Company, the Guarantor, the Trustee and the Holders shall be restored severally and respectively to their former
positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
 Section 5.10. Rights and Remedies Cumulative. 
 Except as otherwise
provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 3.06, 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 5.11. Delay or Omission Not Waiver. 
 No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of
any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the
Holders, as the case may be. 
 Section 5.12. Control by Holders. 
 The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method
and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such series, provided that: 
 (a) such direction shall not be in conflict with any rule of law or with this Indenture or the Securities, 
 (b) such direction is not unduly prejudicial to the rights of the Holders, 
  

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 (c) such direction will not involve the Trustee in personal liability or expense for which
the Trustee has not received a satisfactory indemnity, and 
 (d) the Trustee may take any other action deemed proper by the
Trustee which is not inconsistent with such direction. 
 Section 5.13. Waiver of Past Defaults. 
 The Holders of not less than 50% in principal amount of the Outstanding Securities of any series by notice to the Trustee may on behalf of
the Holders of all the Securities of such series waive any past default hereunder with respect to such series and its consequences, except a default: 
 (a) in the payment of the principal of or any premium or interest on any Security of such series, or 
 (b) in respect of a covenant or provision hereof which under Article 9 cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series 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 5.14. Undertaking for Costs. 
 All parties to this Indenture
agree, and each Holder of any Security by his or her 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, any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent
provided in the Trust Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Trustee, the
issuing Company or the Guarantor. 
 Section 5.15. Waiver of Usury, Stay or Extension Laws. 
 The issuing Company and the Guarantor, as applicable, covenant (to the extent that each of them may lawfully do so) that they will not at
any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of
this Indenture; and the issuing Company and the Guarantor, as applicable, (to the extent that each of them may lawfully do so) hereby expressly waive all benefit or advantage of any such law and covenant that they 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. 
 ARTICLE 6 
 THE TRUSTEE 
 Section 6.01. Certain Duties and Responsibilities. 
 (a) The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture Act and this Indenture. Notwithstanding the
foregoing, 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, if
it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 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. 
 (b) 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 
  

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 (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). 
 (c) If 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. 
 Section 6.02. Notice of Defaults. 
 If a default occurs hereunder with respect to Securities of any series, the Trustee shall give the Holders of 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 5.01(d) with respect to Securities of such series, no such
notice to Holders shall be given until at least 90 days after the occurrence thereof. 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 Securities of such series. 
 Section 6.03. Certain Rights of Trustee. 
 Subject to the provisions of Section 6.01: 
 (a) the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document 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 issuing Company or the Guarantor mentioned herein shall be sufficiently evidenced by a Company Request,
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 one or more Officers’ Certificate; 
 (d) the Trustee may consult with
counsel and the written 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 pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee 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, 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; 
 (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; 
 (h) in no event shall the Trustee be responsible or liable for special, indirect, or consequential loss
or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 
 (i) the Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual
knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture; 
  

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 (j) the rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder; 
 (k) the Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture; and 
 (l) the Trustee shall not be liable for any
action taken, suffered, or omitted to be taken by it in good faith and authorized or within the discretion or rights or powers conferred upon it by this Indenture. 
 Section 6.04. Not Responsible for Recitals or Issuance of Securities. 
 The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the issuing Company and the Guarantor, as the case may be, and neither the Trustee nor any
Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. Neither the Trustee nor any Authenticating Agent shall be
accountable for the use or application by the issuing Company or the Guarantor of Securities or the proceeds thereof. 
 Section 6.05. May Hold Securities. 
 The Trustee, any Authenticating Agent, any Paying Agent, any Security
Registrar or any other agent of the issuing Company or the Guarantor, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 6.08 and 6.13, may otherwise deal with the issuing Company and
the Guarantor with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent. 
 Section 6.06. Money Held in Trust. 
 Money held by the Trustee in trust
hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the issuing Company or the Guarantor.

 Section 6.07. Compensation and Reimbursement 
 The issuing Company, and if BHFC is the issuing Company and fails to do so, the Guarantor, agrees: 
 (a) to pay to the Trustee from time to time such compensation as such Company and the Trustee shall from time to time agree in writing for
all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
 (b) 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, bad faith or willful
misconduct; and 
 (c) to indemnify each of the Trustee or any predecessor Trustee for, and to hold them harmless against, any
loss, damage, claims, liability or expense incurred without negligence, bad faith or willful misconduct on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and
expenses of defending itself against any claim (whether asserted by the issuing Company, the Guarantor, any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder (including
the reasonable fees and disbursements of counsel). The Trustee shall notify the issuing Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify such Company shall not relieve such Company of its obligations
hereunder, except to the extent such Company is prejudiced by such failure. The provisions of this Section 6.07 shall survive the resignation or removal of the Trustee or the termination of the Indenture. 
 Without prejudice to its rights hereunder, when the Trustee incurs expenses or renders services after a Bankruptcy Default occurs, the
expenses and the compensation for the services are intended to constitute expenses of administration under applicable federal or state bankruptcy, insolvency, reorganization or other similar law. 
 Section 6.08. Conflicting Interests. 
 If the Trustee has or shall acquire a 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 by virtue of being a trustee under this Indenture with
respect to Securities of more than one series. 
  

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 Section 6.09. Corporate Trustee Required; Eligibility. 
 There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee
hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus of at least $100,000,000 and has an office in New York,
New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture
Act, the combined capital and surplus of such Person 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 with respect to the Securities of any series
shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 
 Section 6.10. Resignation and Removal; Appointment of Successor. 
 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 in accordance with the applicable requirements of Section 6.11. 
 The
Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the issuing Company and the Guarantor, as applicable. If the instrument of acceptance by a successor Trustee required by
Section 6.11 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 issuing Company, any court of competent jurisdiction for the
appointment of a successor Trustee with respect to the Securities of such series. 
 The Trustee may be removed at any time with
respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to the Trustee and to the issuing Company. 
 If at any time: 
 (a) the Trustee shall fail to comply with Section 6.08 after written request therefor by the issuing Company, the Guarantor (as applicable) or by any Holder who has been a bona fide Holder of a Security for at least six months,
or 
 (b) the Trustee shall cease to be eligible under Section 6.09 and shall fail to resign after written request therefor
by the issuing Company, the Guarantor (as applicable) or by any Holder who has been a bona fide Holder of a Security for at least six months, or 
 (c) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or
control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case,
(i) the issuing Company or the Guarantor, as the case may be, by a Board Resolution may remove the Trustee with respect to all Securities of such Company, or (ii) subject to Section 5.14, any Holder who has been a bona fide
Holder of a Security 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 with respect to all Securities and the appointment of a successor
Trustee or Trustees. 
 If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in
the office of Trustee for any cause, with respect to the Securities of one or more series, the issuing Company or the Guarantor, as the case may be, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the
Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the 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
Securities of any particular series) and shall comply with the applicable requirements of Section 6.11. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to
the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the issuing Company, the Guarantor (as applicable) and the retiring Trustee, the
successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities of such series and to that
extent supersede the successor Trustee appointed by such Company or the Guarantor. If no successor Trustee with respect to the Securities of any series shall have been so appointed by such Company, the Guarantor or the Holders and accepted
appointment in the manner required by Section 6.11, any Holder who has been a bona fide Holder of a Security of such series for at least six months may, 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 Securities of such series. 
 The issuing
Company and the Guarantor, as applicable, shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series to
all Holders of Securities of such series in the manner provided in Section 1.06. Each notice shall include the name of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office.

  

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 Section 6.11. Acceptance of Appointment by Successor. 
 In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the issuing Company, the Guarantor (as applicable) 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 the request of such Company, the Guarantor (as applicable) or the successor
Trustee, such retiring Trustee shall, upon payment of its charges, 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. 
 In case of the appointment hereunder of a
successor Trustee with respect to the Securities of one or more (but not all) series, the issuing Company, the Guarantor (as applicable), the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall
execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (a) 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 Securities of that or those series to which the appointment of such successor Trustee relates, (b) if the retiring Trustee is not retiring
with respect to all 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 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 (c) 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 Securities of that or those
series to which the appointment of such successor Trustee relates; but, on request of the issuing Company, the Guarantor (as applicable) 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 Securities of that or those series to which the appointment of such successor Trustee relates. 
 Upon request of any such successor Trustee, such Company and the Guarantor (as applicable) 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 the first or second preceding paragraph, as the case may be. 
 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 6.12. 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 the corporate trust business of the Trustee (including the trust created by this Indenture),
shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In
case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so
authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 
 Section 6.13.
Preferential Collection of Claims Against Company. 
 If and when the Trustee shall be or become a creditor of the
issuing Company or the Guarantor (as applicable) (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against such Company (or any such other
obligor). 
  

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 Section 6.14. Appointment of Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act
on behalf of the Trustee to authenticate Securities of such series issued upon original issue and upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 3.04, 3.06, or 9.06 and Securities so authenticated
shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the
Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery 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 shall be acceptable to the issuing Company and the Guarantor (as applicable) and shall at all times be a corporation organized and doing business under the laws of the United States of
America, any State thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $100,000,000 and subject to supervision or examination by Federal or State
authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of
such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of
this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 
 Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a
party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent (including the authenticating agency contemplated by this Indenture), shall continue to be an Authenticating Agent, provided such
corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the issuing Company and the Guarantor
(as applicable). The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent, the issuing Company and the Guarantor (as applicable). Upon receiving such a notice of
resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable
to such Company and the Guarantor (as applicable) and shall give notice of such appointment in the manner provided in Section 1.06 to all Holders of Securities of the series with respect to which such Authenticating Agent will serve. Any
successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor
Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
 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 payments, subject to the provisions of Section 6.07. 
 If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed
thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	[                            ]
		
	By:	 	 
		 	As Authenticating Agent
		
	By:	 	 
		 	Authorized Signatory

  

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 ARTICLE 7 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 Section 7.01.
Companies To Furnish Trustee Names and Addresses of Holders. 
 Each Company will furnish or cause to be furnished to the
Trustee: 
 (a) semi-annually, not later than June 1 and December 1 in each year, a list, in such form as the Trustee
may reasonably require, of the names and addresses of the Holders of Securities of each series as of the preceding Interest Payment Date for such series, and 
 (b) at such other times as the Trustee may request in writing, within 30 days after the receipt by such 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; 
 excluding from any such list names and addresses received by
the Trustee in its capacity as Security Registrar. 
 Section 7.02. Preservation of Information; Communications to
Holders. 
 The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of
Holders contained in the most recent list furnished to the Trustee as provided in Section 7.01 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to
it as provided in Section 7.01 upon receipt of a new list so furnished. 
 The rights of Holders to communicate with other
Holders with respect to their rights under this Indenture or under the Securities, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 
 Every Holder of Securities, by receiving and holding the same, agrees with the issuing Company, the Guarantor (as applicable) and the
Trustee that none of such Company, the Guarantor or the Trustee or any agent of any of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act.

 Section 7.03. Reports by Trustee. 
 The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner
provided pursuant thereto. 
 Reports so required to be transmitted at stated intervals of not more than 12 months shall be
transmitted no later than July 15 in each calendar year, commencing in 2010. 
 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 Securities are listed, with the Commission, the Companies and the Guarantor, as applicable. The issuing Company will notify the Trustee when any
Securities are listed on any stock exchange and any delisting thereof. 
 Section 7.04. Reports by Company and
Guarantor. 
 The issuing Company and the Guarantor, as applicable, 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 times and in the manner provided pursuant to such Act; provided that any such
information, documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the same is filed with the Commission. All required
information, documents and other reports referred to in this Section 7.04 shall be deemed filed with the Trustee and transmitted to the Holders at the time such information, documents or other reports are publicly filed with the Commission via
the Commission’s EDGAR filing system (or any successor system). For purposes of clarification, the foregoing sentence does not impose on the Trustee any duty to search for or obtain any electronic or other filings that the issuing Company makes
with the Commission, regardless of whether such filings are periodic, supplemental or otherwise. 
 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 any Company’s or the Guarantor’s compliance with any of their respective covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
  

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 ARTICLE 8 
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
 Section 8.01.
Companies and Guarantor May Consolidate, Etc., Only on Certain Terms. 
 Neither Company nor the Guarantor (in its
capacity as such) shall consolidate with or merge into any other Person or convey, transfer or lease its properties and assets substantially as an entirety to any Person, unless: 
 (a) the Person formed by such consolidation or into which such Company or the Guarantor, as the case may be, is merged or the Person which
acquires by conveyance or transfer, or which leases, the properties and assets of such Company or the Guarantor, as the case may be, substantially as an entirety shall be a corporation, partnership, limited liability company, trust or similar entity
organized and existing under the laws of the United States of America, any State thereof or the District of Columbia, and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the
Trustee, in the case of such Company, the due and punctual payment of the principal of and any premium and interest on all the Securities and the performance or observance of every covenant and obligation under this Indenture on the part of such
Company, and in the case of the Guarantor, the due and punctual performance of the Guarantee and the performance or observation of every covenant and obligation of the Guarantor under this Indenture and the Guarantee; and 
 (b) 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. 
 Section 8.02. Successor Substituted.

 Upon any consolidation of a Company or the Guarantor with, or merger of a Company or the Guarantor into, any other Person or
any conveyance, transfer or lease of the properties and assets of a Company or the Guarantor substantially as an entirety in accordance with Section 8.01, the successor Person formed by such consolidation or into which such Company or the
Guarantor 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, such Company or the Guarantor, as the case may be, under this Indenture with the same
effect as if such successor Person had been named as a Company or the Guarantor herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture, the Guarantee (as
applicable) and the Securities. 
 ARTICLE 9 
 SUPPLEMENTAL INDENTURES 
 Section 9.01. Supplemental Indentures Without
Consent of Holders. 
 Without the consent of any Holders, a Company or the Guarantor, as the case may be, 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: 
 (a) to evidence the succession of another Person to such Company and/or the Guarantor and the assumption by any such successor of the
covenants of such Company and/or the Guarantor herein and in the Securities; or 
 (b) to add to the covenants of such Company
and/or the Guarantor for the benefit of the Holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the
benefit of such series) or to surrender any right or power herein conferred upon such Company and/or the Guarantor; or 
 (c) to
add any additional Events of Default for the benefit of the Holders of all or any series of Securities (and if such additional Events of Default are to be for the benefit of less than all series of Securities, stating that such additional Events of
Default are expressly being included solely for the benefit of such series); or 
 (d) to add to or change any of the provisions
of this Indenture to such extent as shall be necessary to permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance
of Securities in uncertificated form; or 
 (e) to add to, change or eliminate any of the provisions of this Indenture in
respect of one or more series of Securities, provided that any such addition, change or elimination (i) shall neither (A) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled
to the benefit of such provision nor (B) modify the rights of the Holder of any such Security with respect to such provision or (ii) shall become effective only when there is no such Security Outstanding; or 
  

 34 

 (f) to secure any series of the Securities; or 
 (g) to establish the form or terms of Securities of any series as permitted by Sections 2.01 and 3.01; or 
 (h) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more
series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.11; or

 (i) to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any
other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to this Clause (i) shall not have a material adverse effect on the interests of
the Holders of Securities of any series; or 
 (j) to comply with the rules of any applicable securities depositary; or

 (k) to comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust
Indenture Act; or 
 (l) to add to the conditions, limitations and restrictions on the authorized amount, form, terms or
purposes of issue, authentication and delivery of Securities, as herein set forth, other conditions, limitations and restrictions thereafter to be observed; provided, that such action pursuant to this Clause (l) shall not have a material
adverse effect on the interests of the Holders of Securities of any series; or 
 (m) to supplement any of the provisions of
this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and discharge of any series of Securities pursuant to Article 13; provided that such action pursuant to this Clause (m) shall not have a material
adverse effect on the interests of the Holders of Securities of any series. 
 Section 9.02. Supplemental Indentures
with Consent of Holders. 
 With the consent of the Holders of not less than 50% in principal amount of the Outstanding
Securities of each series affected by such supplemental indenture (voting as a single class), by Act of said Holders delivered to the issuing Company, the Guarantor (as applicable) and the Trustee, such Company, when authorized by a Board
Resolution, the Guarantor (as applicable and 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 of Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the
Holder of each Outstanding Security affected thereby: 
 (a) change the Stated Maturity of the principal of, or any installment
of principal of or interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security or
any other Security which would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02, or change any Place of Payment where, or the coin or currency in which, any Security or any premium or
interest thereon 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, on or after the Redemption Date), or 
 (b) reduce the percentage in principal amount of the Outstanding 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 
 (c) modify any of the provisions of this Section, Section 5.13 or Section 10.05, except to increase any such percentage or to
provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to require
the consent of any Holder with respect to changes in the references to the “Trustee” and concomitant changes in this Section and Section 10.05, or the deletion of this proviso, in accordance with the requirements of
Sections 6.11 and 9.01(h). 
 A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be
deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 
 It shall not be
necessary for any Act of Holders 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. 
  

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 Section 9.03. 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 6.01) shall be fully protected in relying upon, an Officers’ Certificate and Opinion of Counsel each 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 9.04. 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 Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
 Section 9.05. Conformity with Trust Indenture Act. 
 Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 
 Section 9.06. Reference in Securities to Supplemental Indentures. 
 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 issuing Company and the Guarantor, as applicable, shall so determine, new Securities of any series
so modified as to conform, in the opinion of the Trustee, such Company and the Guarantor, as applicable, to any such supplemental indenture may be prepared and executed by such Company and the Guarantor, as applicable, and authenticated and
delivered by the Trustee in exchange for Outstanding Securities of such series. 
 ARTICLE 10 
 COVENANTS 
 Section 10.01. Payment of Principal, Premium and Interest. 
 The issuing Company covenants and agrees for
the benefit of each series of Securities issued by such Company that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

 Section 10.02. Maintenance of Office or Agency. 
 The issuing Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series
may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon such Company in respect of the Securities of that series and this
Indenture may be served. Such Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time such Company shall fail to maintain any such required office or agency or
shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and such Company hereby appoints the Trustee as its agent to receive
all such presentations, surrenders, notices and demands. 
 The issuing Company may also from time to time designate one or more
other offices or agencies where the Securities of one or more series 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 such Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. Such Company will give prompt written notice to the Trustee of any such designation
or rescission and of any change in the location of any such other office or agency. 
 Section 10.03. Money for
Securities Payments to Be Held in Trust. 
 If the issuing Company or the Guarantor, as applicable, shall at any time act as
Paying Agent with respect to any series of Securities, it will, on or before each due date of the principal of or any premium or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum sufficient to pay the principal and any premium and 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 issuing Company shall have one or more Paying Agents for any series of
Securities, it will, on or prior to each due date of the principal of or any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust
Indenture Act, and (unless such Paying Agent is the Trustee) such Company will promptly notify the Trustee of its action or failure so to act. 
 The issuing Company will cause each Paying Agent for any series of 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 (a) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and (b) during the continuance of any default by such Company or
the Guarantor, as applicable, (or any other obligor upon the Securities of that series) in the making of any payment in respect of the Securities of that series, upon the written request of the Trustee, forthwith pay to the Trustee all sums held in
trust by such Paying Agent for payment in respect of the Securities of that series. 
 The issuing Company or the Guarantor, as
applicable, may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Request direct any Paying Agent to pay, to the Trustee all sums held in trust by such Company,
the Guarantor 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 such Company, the Guarantor 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 money deposited with the Trustee or
any Paying Agent, or then held by the issuing Company, or the Guarantor, as applicable, in trust for the payment of the principal of or any premium or interest on any Security of any series and remaining unclaimed for two years after such principal,
premium or interest has become due and payable shall be paid to such Company or the Guarantor, as the case may be, upon Company Request, or (if then held by such Company or the Guarantor) shall be discharged from such trust; and the Holder of such
Security shall thereafter, as an unsecured general creditor, look only to such Company or the Guarantor for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of such Company or
the Guarantor (as the case may be) 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 such Company or the
Guarantor cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in New York, New York, notice that such money remains unclaimed and that, after a date
specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to such Company or the Guarantor (as the case may be). 
 Section 10.04. Statement by Officers as to Default. 
 The issuing Company and the Guarantor, as applicable, will each deliver to the Trustee within 120 days after the end of each fiscal year of
such Company or the Guarantor (as the case may be) ending after the date hereof, a certificate from the principal executive, financial or accounting officer of such Company or the Guarantor (as the case may be) stating whether or not to the
knowledge of the signor thereof such Company or the Guarantor (as the case may be) is in default in the performance and observation of any of the terms, provisions and conditions of this Indenture or the Guarantees (with respect to the Guarantor)
(without regard to any period of grace or requirement of notice provided hereunder), and, if such Company or the Guarantor (as the case may be) shall be in default, specifying all such defaults and the nature and status thereof of which the signor
may have knowledge. 
 Section 10.05. Waiver of Certain Covenants. 
 Except as otherwise specified as contemplated by Section 3.01 for Securities of such series, each Company may, with respect to its
Securities of any series, omit in any particular instance to comply with any term, provision or condition set forth in any covenant provided pursuant to Section 3.01(r), 9.01(b) or 9.01(g) for the benefit of the Holders of such series if before
the time for such compliance the Holders of not less than 50% in principal amount of the Outstanding Securities of such series shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term,
provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of such Company and the duties of the
Trustee in respect of any such term, provision or condition shall remain in full force and effect. 
  

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 ARTICLE 11 
 REDEMPTION OF SECURITIES 
 Section 11.01. Applicability of Article.

 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 3.01 for such Securities) in accordance with this Article. 
 Section 11.02. Election To Redeem; Notice to Trustee. 
 The election of the issuing Company to redeem any
Securities shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 3.01 for such Securities. In case of any redemption at the election of the issuing Company of less than all the Securities of any
series (including any such redemption affecting only a single Security), such Company shall, at least 10 days prior to the Redemption Date fixed by such Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee
of such Redemption Date, of the principal amount of Securities of such series to be redeemed, and, as applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction
on such redemption provided in the terms of such Securities or elsewhere in this Indenture, such Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction. 
 Section 11.03. Selection by Trustee of Securities To Be Redeemed. 
 If less than all the Securities of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are to
be redeemed or unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series
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 a portion of the principal amount of any Security of such series, provided that the
unredeemed portion of the principal amount of any Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. If less than all the Securities of such series and of a specified
tenor are to be redeemed (unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of
such series and specified tenor not previously called for redemption in accordance with the preceding sentence. 
 The Trustee
shall promptly notify the issuing Company in writing of the Securities selected for redemption as aforesaid and, in case of any Securities selected for partial redemption as aforesaid, the principal amount thereof to be redeemed. 
 The provisions of the two preceding paragraphs shall not apply with respect to any redemption affecting only a single Security, whether such
Security is to be redeemed in whole or in part. In the case of any such redemption in part, the unredeemed portion of the principal amount of the Security shall be in an authorized denomination (which shall not be less than the minimum authorized
denomination) for such Security. 
 For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed. 
 Section 11.04. Notice of Redemption. 
 Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at
his address appearing in the Security Register. 
 All notices of redemption shall state: 
 (a) the Redemption Date, 
 (b) the Redemption Price, 
 (c) if less than all the Outstanding Securities of any series consisting of more than a
single Security are to be redeemed, the identification (and, in the case of partial redemption of any such Securities, the principal amounts) of the particular Securities to be redeemed and, if less than all the Outstanding Securities of any series
consisting of a single Security are to be redeemed, the principal amount of the particular Security to be redeemed, 
  

 38 

 (d) that on the Redemption Date the Redemption Price will become due and payable upon each
such Security to be redeemed and, as applicable, that interest thereon will cease to accrue on and after said date, 
 (e) the
place or places where each such Security is to be surrendered for payment of the Redemption Price, and 
 (f) that the
redemption is for a sinking fund, if such is the case. 
 Notice of redemption of Securities to be redeemed at the election of
the issuing Company shall be given by such Company or, at such Company’s request, by the Trustee in the name and at the expense of such Company. 
 Section 11.05. Deposit of Redemption Price. 
 Prior to any Redemption
Date, the issuing Company or the Guarantor, as applicable, shall deposit with the Trustee or with a Paying Agent (or, if such Company or the Guarantor is acting as Paying Agent, segregate and hold in trust as provided in Section 10.03) an
amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities which are to be redeemed on that date. 
 Section 11.06. Securities Payable on Redemption Date. 
 Notice of redemption having been given as aforesaid, the Securities so 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 issuing Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such
Security for redemption in accordance with said notice, such Security shall be paid by the issuing Company or the Guarantor, as applicable, at the Redemption Price, together with accrued interest to the Redemption Date; provided,
however, that, unless otherwise specified as contemplated by Section 3.01, installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor
Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 3.07. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate
prescribed therefor in the Security. 
 Section 11.07. Securities Redeemed in Part. 
 Any Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the issuing Company, the
Guarantor (as applicable) or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to such Company, the Guarantor (as applicable) and the Trustee duly executed by, the Holder thereof or his attorney
duly authorized in writing), and such Company and the Guarantor (as applicable) shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and
of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 
 ARTICLE 12 
 SINKING
FUNDS 
 Section 12.01. Applicability of Article. 
 The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of any series for which a sinking
fund is provided except as otherwise specified as contemplated by Section 3.01 for such Securities. 
 The minimum amount
of any sinking fund payment provided for by the terms of any Securities is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of such Securities is herein
referred to as an “optional sinking fund payment”. If provided for by the terms of any Securities, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.02. Each sinking fund payment shall
be applied to the redemption of Securities as provided for by the terms of such Securities. 
  

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 Section 12.02. Satisfaction of Sinking Fund Payments with Securities.

 The issuing Company (a) may deliver Outstanding Securities of a series (other than any previously called for redemption)
and (b) may apply as a credit Securities of a series which have been redeemed either at the election of such Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the
terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the
terms of such Securities; provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at the Redemption Price, as
specified in the Securities so to be redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 
 Section 12.03. Redemption of Securities for Sinking Fund. 
 Not less than 45 days prior to each sinking fund payment date as specified in the terms of a series of Securities, the issuing Company
will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to be satisfied by payment
of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities pursuant to Section 12.02 and will also deliver to the Trustee any Securities to be so delivered. Prior to each such sinking fund payment
date as specified in the terms of a series of Securities, the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 11.03 and cause notice of the redemption thereof to be given
in the name of and at the expense of such Company in the manner provided in Section 11.04. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 11.06 and
11.07. 
 ARTICLE 13 
 DEFEASANCE AND COVENANT DEFEASANCE 
 Section 13.01. Company’s Option
To Effect Defeasance or Covenant Defeasance. 
 The issuing Company may elect, at its option at any time, to have
Section 13.02 or Section 13.03 applied to any Securities or any series of Securities, as the case may be, not designated pursuant to Section 3.01 as being indefeasible pursuant to such Section 13.02 or 13.03, in accordance with
any applicable requirements provided pursuant to Section 3.01 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by
Section 3.01 for such Securities. 
 Section 13.02. Defeasance and Discharge. 
 Upon the issuing Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities,
as the case may be, such Company and the Guarantor (if the issuing Company is not the Guarantor) shall be deemed to have been discharged from its or their respective, as the case may be, obligations with respect to such Securities as provided in
this Section on and after the date the conditions set forth in Section 13.04 are satisfied (hereinafter called “Defeasance”). For this purpose, such Defeasance means that such Company and the Guarantor (if the issuing Company
is not the Guarantor) shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and to have satisfied all its or their respective, as the case may be, other obligations under such Securities, this Indenture
and the Guarantee (if the issuing Company is not the Guarantor) insofar as such Securities are concerned (and the Trustee, at the expense of such Company or the Guarantor, as applicable, shall execute proper instruments acknowledging the same),
subject to the following which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of such Securities to receive, solely from the trust fund described in Section 13.04 and as more fully set forth in

  

 40 

 
such Section, payments in respect of the principal of and any premium and interest on such Securities when payments are due, (b) such Company’s and the Guarantor’s (as applicable)
respective obligations with respect to such Securities under Sections 3.04, 3.05, 3.06, 10.02 and 10.03, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the issuing Company’s and the Guarantor’s
(as applicable) respective obligations in connection therewith, and (d) this Article. Subject to compliance with this Article, the issuing Company may exercise its option (if any) to have this Section applied to any Securities notwithstanding
the prior exercise of its option (if any) to have Section 13.03 applied to such Securities. 
 Section 13.03.
Covenant Defeasance. 
 Upon the issuing Company’s exercise of its option (if any) to have this Section applied to
any Securities or any series of Securities, as the case may be, (a) such Company and the Guarantor (if the issuing Company is not the Guarantor) shall be released from its or their respective, as the case may be, obligations under
Section 8.01 and any covenants provided pursuant to Section 3.01(r), 9.01(b) or 9.01(g) for the benefit of the Holders of such Securities, and (b) the occurrence of any event specified in Sections 5.01(d) (with respect to any of
Section 8.01 and any such covenants provided pursuant to Sections 3.01(r), 9.01(b) or 9.01(g)), and Sections 5.01(e) through 5.01(g) shall be deemed not to be or result in an Event of Default, in each case with respect to such
Securities as provided in this Section on and after the date the conditions set forth in Section 13.04 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that, with
respect to such Securities, the issuing Company and the Guarantor (if the issuing Company is not the Guarantor) may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified
Section (to the extent so specified in the case of Section 5.01(d)), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such Section to any other provision herein
or in any other document, but the remainder of this Indenture and such Securities shall be unaffected thereby. 
 Section 13.04. Conditions to Defeasance or Covenant Defeasance. 
 The following shall be the conditions to
the application of Section 13.02 or Section 13.03 to any Securities or any series of Securities, as the case may be: 
 (a) The issuing Company or the Guarantor shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee which satisfies the requirements contemplated by Section 6.09 and agrees to comply with the
provisions of this Article applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefits of the Holders of such Securities, (i) money in
an amount, or (ii) U.S. Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an
amount, or (iii) a combination thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and
which shall be applied by the Trustee (or any such other qualifying trustee) to pay and discharge, the principal of and any premium and interest on such Securities on the respective Stated Maturities, in accordance with the terms of this Indenture
and such Securities. As used herein, “U.S. Government Obligation” means (x) any security which is (i) a direct obligation of the United States of America for the payment of which the full faith and credit of the United
States of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the
Securities Act) as custodian with respect to any U.S. Government Obligation which is specified in Clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of
principal of or interest on any U.S. Government Obligation which is so specified and held, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such
depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt. 
  

 41 

 (b) In the event of an election to have Section 13.02 apply to any Securities or any
series of Securities, as the case may be, the issuing Company shall have delivered to the Trustee an Opinion of Counsel stating that (i) such Company has received from, or there has been published by, the Internal Revenue Service a ruling or
(ii) since the date of this instrument, there has been a change in the applicable Federal income tax law, in either case (i) or (ii) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities
will not recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and
at the same times as would be the case if such deposit, Defeasance and discharge were not to occur. 
 (c) In the event of an
election to have Section 13.03 apply to any Securities or any series of Securities, as the case may be, the issuing Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not
recognize gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same
times as would be the case if such deposit and Covenant Defeasance were not to occur. 
 (d) Such Defeasance or Covenant
Defeasance shall not cause any Securities of such series then listed on any registered national securities exchange under the Exchange Act to be delisted. 
 (e) No event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such Securities shall have occurred and be continuing at the time of such deposit or, with
regard to any such event specified in Sections 5.01(e) and (f), at any time on or prior to the 90th day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until after such 90th day).

 (f) Such Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest as defined in
Section 6.08 and within the meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act). 
 (g) Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other agreement or instrument to which the issuing Company or the Guarantor (if
the issuing Company is not the Guarantor) is a party or by which it is bound. 
 (h) Such Defeasance or Covenant Defeasance
shall not result in the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act unless such trust shall be registered under such Act or exempt from registration thereunder. 
 (i) The issuing Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 
 Section 13.05.
Deposited Money and U.S. Government Obligations To Be Held in Trust; Miscellaneous Provisions. 
 Subject to the
provisions of the last paragraph of Section 10.03, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 13.06,
the Trustee and any such other trustee are referred to collectively as the “Trustee”) pursuant to Section 13.04 in respect of any Securities shall be held in trust and applied by the Trustee, in accordance with the provisions
of such Securities and this Indenture, to the payment, either directly or through any such Paying Agent (including the Company or the Guarantor acting as Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due
and to become due thereon in respect of principal and any premium and interest, but money so held in trust need not be segregated from other funds except to the extent required by law. 
  

 42 

 The issuing Company or the Guarantor, as the case may be, shall pay and indemnify the
Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 13.04 or the principal and interest received in respect thereof other than any such tax, fee or other
charge which by law is for the account of the Holders of Outstanding Securities. 
 Anything in this Article to the contrary
notwithstanding, the Trustee shall deliver or pay to the issuing Company or the Guarantor, as the case may be, from time to time upon Company Request any money or U.S. Government Obligations held by it as provided in Section 13.04 with respect
to any Securities which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be
deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to such Securities. 
 Section 13.06. Reinstatement. 
 If the Trustee or the Paying Agent is unable to apply any money in
accordance with this Article with respect to any Securities by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture and
such Securities from which the issuing Company and the Guarantor, as the case may be, have been discharged or released pursuant to Section 13.02 or 13.03 shall be revived and reinstated as though no deposit had occurred pursuant to this Article
with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 13.05 with respect to such Securities in accordance with this Article; provided,
however, that if the issuing Company or the Guarantor makes any payment of principal of or any premium or interest on any such Security following such reinstatement of obligations, such Company and/or the Guarantor shall be subrogated to the
rights (if any) of the Holders of such Securities to receive such payment from the money so held in trust. 
  
  
 This instrument
may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
  

 43 

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

					
	BERKSHIRE HATHAWAY INC.
		
	By:	 	/s/ Marc D. Hamburg
		 	Name:	 	Marc D. Hamburg
		 	Title:	 	Senior Vice President and Chief Financial Officer
	
	BERKSHIRE HATHAWAY FINANCE CORPORATION
		
	By:	 	/s/ Marc D. Hamburg
		 	Name:	 	Marc D. Hamburg
		 	Title:	 	President
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
		
	By:	 	/s/ Sharon McGrath
		 	Name:	 	Sharon McGrath
		 	Title:	 	Vice President

 ANNEX A 
 FORM OF GUARANTEE 
 BERKSHIRE HATHAWAY INC. 
 FOR VALUE RECEIVED, Berkshire Hathaway Inc., a Delaware corporation (the “Guarantor”), hereby absolutely, unconditionally and
irrevocably guarantees to the holders (the “Holders”) of any security authenticated and delivered (each a “Security”) by The Bank of New York Mellon Trust Company, N. A., as trustee (the “Trustee”) under that certain
Indenture, dated as of February 1, 2010 (the “Indenture”), among the Trustee, the Guarantor and Berkshire Hathaway Finance Corporation, a Delaware corporation (“Issuer”), the full and prompt payment when due (whether at stated
maturity, by acceleration or otherwise) of all present and future payment obligations of the Issuer pursuant to the terms of such Security and/or the Indenture, whether direct or indirect, absolute or contingent, and whether for principal, interest,
fees, expenses, indemnification or otherwise (collectively, the “Obligations”). Nothing herein shall be deemed to guarantee any obligation of the Issuer other than the Obligations. Nothing herein shall be deemed to guarantee any obligation
of any person or entity other than the Issuer. 
 The Guarantor’s obligations hereunder shall be unconditional and
absolute, and shall not be released, discharged or otherwise affected by (i) the existence, validity, enforceability, perfection or extent of any collateral therefor, (ii) any lack of validity or enforceability of any provision of the
Security or the Indenture, (iii) any liquidation, bankruptcy, insolvency, reorganization or other similar proceeding affecting the Issuer or its assets, or (iv) any other circumstance relating to the Obligations that might otherwise
constitute a legal or equitable discharge of, or defense to, the Guarantor. The Guarantor agrees that the Holders and/or the Trustee may resort to the Guarantor, as primary obligor and not merely as surety, for payment of any of the Obligations
whether or not the Holders or the Trustee shall have proceeded against the Issuer or any other obligor principally or secondarily obligated with respect to any of the Obligations. Neither the Holders nor the Trustee shall be obligated to file any
claim relating to any of the Obligations in the event that the Issuer becomes subject to a bankruptcy, reorganization or similar proceeding, and the failure of the Holders or the Trustee to so file shall not affect the Guarantor’s obligations
hereunder. In the event that any payment to the Holders by the Issuer in respect of any Obligations is rescinded or must otherwise be returned for any reason whatsoever, the Guarantor shall remain liable hereunder with respect to such Obligations as
if such payment had not been made. 
 The Guarantor agrees that, subject to the Indenture, the Holders and/or the Trustee may at
any time and from time to time, either before or after the maturity thereof, without notice to or further consent of the Guarantor, extend the time of payment of, exchange or surrender any collateral for, or renew any of the Obligations, and may
also make any agreement with the Issuer or with any other party to or person liable on any of the Obligations or interested therein, for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in part, or for any
modification of the terms thereof or of any agreement between the Holders, the Trustee and the Issuer or any such other party or person, and that none of the foregoing shall in any way impair or affect this Guarantee. 
 The Guarantor hereby unconditionally and irrevocably waives, to the fullest extent permitted by law, (a) notice of the acceptance of
this Guarantee and of the Obligations, presentment, demand for payment, notice of dishonor and protest, (b) any requirement that any Holder exhaust any right or take any action against the Issuer, and (c) any right to revoke this
Guarantee. 
 The Guarantor agrees to pay on demand all fees and out-of-pocket expenses incurred by the Holders or the Trustee
in any way relating to the enforcement or protection of the rights of the Holders and/or the Trustee hereunder. 
 Upon payment
of any of the Obligations, the Guarantor shall be subrogated to the rights of the Holders and/or the Trustee against the Issuer with respect to such Obligations, and the Holders and the Trustee agree to take such steps, at the Guarantor’s
expense, as the Guarantor may reasonably request to implement such subrogation; provided, however, that the Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of subrogation during any
period in which any amount payable by the Issuer under the Security or the Indenture is overdue or unpaid. 
 No failure on the
part of the Holders or the Trustee to exercise, and no delay in exercising, any right, remedy or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by the Holders or the Trustee of any right, remedy or power
hereunder preclude any other or future exercise of any right, remedy or power. Each and every right, remedy and power hereby granted to the Holders or the Trustee or allowed any of them by law or other agreement shall be cumulative and not exclusive
of any other, and may be exercised by the Holders or the Trustee at any time or from time to time. 

 The Guarantor hereby represents and warrants that: 
 (a) the Guarantor is duly organized, validly existing and in good standing as a corporation under the laws of the State of Delaware and has
full corporate power to execute, deliver and perform this Guarantee; 
 (b) the execution, delivery and performance of this
Guarantee have been and remain duly authorized by all necessary corporate action and do not contravene any provision of the Guarantor’s certificate of incorporation or by-laws, as amended to date, or any law, regulation, rule, decree, order,
judgment or contractual restriction binding on the Guarantor or its assets; 
 (c) all consents, licenses, clearances,
authorizations and approvals of, and registrations and declarations with, any governmental authority or regulatory body necessary for the due execution, delivery and performance of this Guarantee have been obtained and remain in full force and
effect and all conditions thereof have been duly complied with, and no other action by, and no notice to or filing with, any governmental authority or regulatory body is required in connection with the execution, delivery or performance of this
Guarantee; 
 (d) this Guarantee constitutes a legal, valid and binding obligation of the Guarantor enforceable against the
Guarantor in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles; and 
 (e) there are no actions, suits or arbitration proceedings pending or, to the knowledge of the Guarantor, threatened against it, at law or
in equity, which, individually or in the aggregate, if adversely determined, would materially adversely affect the financial condition of the Guarantor or materially impair its ability to perform its obligations under this Guarantee. 
 The Guarantor may not assign its obligations hereunder to any person (except as permitted by the Indenture) without the prior written
consent of the Holders or the Trustee. 
 All payments by the Guarantor to the Holders or the Trustee shall be made in
accordance with the provisions of the Indenture and the Security; provided, however, that payment of any fees or expenses pursuant to the fifth paragraph hereof shall be made by wire transfer of immediately available funds to an account at a
commercial bank in the United States specified to the Guarantor at least ten (10) days in advance of any demand for payment by the Holders or the Trustee. 
 All notices or demands on the Guarantor shall be deemed effective when received, shall be in writing and shall be delivered by hand or by registered mail, or by facsimile transmission promptly confirmed
by registered mail, addressed to the Guarantor at: 
 Berkshire Hathaway Inc. 
 3555 Farnam Street 
 Omaha, NE 68131 
 Attention: Chief Financial Officer 
 Facsimile: (402) 346-3375 
 or
to such other addresses or facsimile numbers as the Guarantor shall have notified the Holders or the Trustee in a written notice delivered in accordance with the Indenture. 
 This Guarantee shall remain in full force and effect and shall be binding on the Guarantor, its successors and assigns until all of the
Obligations have been satisfied in full. 
 This Guarantee shall be governed by, and construed in accordance with, the laws of
the State of New York applicable to contracts made and to be performed solely within such State. 
 No amendment or waiver of
any provision of this Guarantee shall in any event be effective unless the same shall be in writing and signed by the Trustee and the Guarantor. 
 If for any reason any provision or provisions hereof are determined to be invalid and contrary to any existing or future law, such invalidity shall not, to the fullest extent permitted by law, impair the
operation of or effect of those portions of this Guarantee that are valid. 

 THE GUARANTOR WAIVES ANY RIGHT IT MAY HAVE TO A JURY TRIAL IN CONNECTION WITH ANY ACTION,
SUIT OR PROCEEDING ARISING OUT OF OR RELATED IN ANY WAY TO THIS GUARANTEE. 
  

									
	Dated: ______________, 20__	 		 	BERKSHIRE HATHAWAY INC.
					
		 		 		 	By:	 	 
		 		 		 	Name:	 	
		 		 		 	Title:	 	

 EXHIBIT A 
 FORM OF CERTIFICATE FOR TRANSFER FROM 
 RULE 144A GLOBAL SECURITY TO REGULATION S
GLOBAL SECURITY 
 (transfers pursuant to Section 305(b)(1) of the Indenture) 
 [Date] 
 [Name of Trustee]

 [Address of Trustee] 
 Re: [Note][Debenture][Zero Coupon] Due _______ (the “Securities”) of [Berkshire Hathaway Finance Corporation] 
 [Berkshire Hathaway Inc.] (the “Company”) 
 Ladies and Gentlemen: 
 Reference is hereby made to the Indenture, dated as of February 1, 2010 (as amended and supplemented from time to time, the
“Indenture”), among Berkshire Hathaway Finance Corporation, as issuer, Berkshire Hathaway Inc., as issuer and guarantor[ (in its capacity as guarantor, the “Guarantor”)], and The Bank of New York Mellon Trust Company, N. A., as
trustee (the “Trustee”). Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 
 This letter relates to $_________ principal amount of Securities which are held by the undersigned (the “Transferor”) as a beneficial interest in the Rule 144A Global Security (CUSIP No. ______________) deposited with [Name of
Depositary] (the “Depositary”). The Transferor has requested a transfer of such beneficial interest for an interest in the Regulation S Global Security (CUSIP No. ______________) deposited with the Depositary. 
 In connection with such request and in respect of such Securities, the Transferor hereby certifies that such transfer has been effected
pursuant to and in accordance with Regulation S and accordingly further certifies that: 
 (a) the offer of the Securities was not made to a
person in the United States; 
 (b) either (i) at the time the buy order was originated, the transferee was outside the United States or
the Transferor and any person acting on its behalf reasonably believed that the transferee was outside the United States or (ii) the transaction was executed in, on or through the facilities of a designated off-shore securities market and
neither the Transferor nor any person acting on its behalf knows that the transaction has been pre-arranged with a buyer in the United States; 
 (c) no directed selling efforts have been made in the United States in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S, as applicable; 
 (d) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and 
 (e) the Transferor is the beneficial owner of the Securities being transferred. 
 In addition, if the transfer is made during the distribution compliance period specified in Rule 903 of Regulation S and the provisions of Rule 904(b)(1) or Rule 904(b)(2) of Regulation S are applicable thereto, the Transferor confirms that
such transfer has been made in accordance with the applicable provisions of Rule 904(b)(1) or Rule 904(b)(2), as the case may be. 
 You and the Company [and the Guarantor] are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with
respect to the matters covered hereby. 
  

									
	Dated:                     	 		 	Very truly yours,
			
		 		 	[Name of Transferor]
					
		 		 		 	By:	 	 
		 		 		 	Authorized signature

 EXHIBIT B 
 FORM OF CERTIFICATE FOR TRANSFER FROM 
 REGULATION S GLOBAL SECURITY TO RULE 144A
GLOBAL SECURITY 
 (transfers pursuant to Section 305(b)(2) of the Indenture) 
 [Date] 
 [Name of Trustee]

 [Address of Trustee] 
 Re:
[Note][Debenture][Zero Coupon] Due _______ (the “Securities”) of [Berkshire Hathaway Finance Corporation] 
 [Berkshire Hathaway Inc.]
(the “Company”) 
 Ladies and Gentlemen: 
 Reference is hereby made to the Indenture, dated as of February 1, 2010 (as amended and supplemented from time to time, the “Indenture”), among Berkshire Hathaway Finance Corporation, as issuer,
Berkshire Hathaway Inc., as issuer and guarantor[ (in its capacity as guarantor, the “Guarantor”)], and The Bank of New York Mellon Trust Company, N. A., as trustee (the “Trustee”). Capitalized terms used but not defined herein
shall have the meanings given them in the Indenture. 
 This letter relates to $_________ principal amount of Securities which
are held by the undersigned (the “Transferor”) as a beneficial interest in the Regulation S Global Security (CUSIP No. ______________) deposited with [Name of Depositary] (the “Depositary”). The Transferor has requested a
transfer of such beneficial interest for an interest in the Rule 144A Global Security (CUSIP No. ______________) deposited with the Depositary. 
 In connection with such request and in respect of such Securities, the Transferor hereby certifies that such Securities are being transferred to a transferee that the Transferor reasonably believes is
purchasing the Securities for its own account or an account with respect to which the transferee exercises sole investment discretion, and the transferee, as well as any such account, is a “qualified institutional buyer” within the meaning
of Rule 144A, in a transaction meeting the requirements of Rule 144A and in accordance with applicable securities laws of any state of the United States or any other jurisdiction. 
 You and the Company [and the Guarantor] are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a
copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

									
	Dated:                     	 		 	Very truly yours,
			
		 		 	[Name of Transferor]
					
		 		 		 	By:	 	 
		 		 		 	Authorized signature

 EXHIBIT C 
 FORM OF CERTIFICATE FOR TRANSFERS PURSUANT TO RULE 144 
 [Date] 
 [Name of Trustee] 
 [Address of Trustee]

 Re: [Note][Debenture][Zero Coupon] Due _______ (the “Securities”) of [Berkshire Hathaway Finance Corporation] 
 [Berkshire Hathaway Inc.] (the “Company”) 
 Ladies and Gentlemen: 
 Reference is hereby made to the Indenture, dated as of February 1, 2010 (as amended and
supplemented from time to time, the “Indenture”), among Berkshire Hathaway Finance Corporation, as issuer, Berkshire Hathaway Inc., as issuer and guarantor[ (in its capacity as guarantor, the “Guarantor”)], and The Bank of New
York Mellon Trust Company, N. A., as trustee (the “Trustee”). Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 
 In connection with our proposed sale of $___________ principal amount of the Securities, which represent an interest in a Rule 144A Global Note beneficially owned by the undersigned (the
“Transferor”), we confirm that such sale has been effected pursuant to and in accordance with Rule 144. 
 You and the
Company [and the Guarantor] are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the
matters covered hereby. 
  

									
	Dated:                     	 		 	Very truly yours,
			
		 		 	[Name of Transferor]
					
		 		 		 	By:	 	 
		 		 		 	Authorized signature

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