Document:

Ohr Pharmaceutical, Inc. S-3

Exhibit 4.3

 

OHR PHARMACEUTICAL, INC.

 

Issuer

 

AND

 

[_______________________________]

 

Trustee

 

INDENTURE

 

Dated as of [_____________________]

 

Subordinated Debt Securities

 

    	 

    	 

    

 

CROSS-REFERENCE TABLE (1)

 

 

	Section of Trust Indenture Act of 1939, as Amended	
        Section of Indenture

        

        

	 	 
	310(a)	7.09
	310(b)	7.08
	 	7.10
	310(c)	Inapplicable
	311(a)	7.13(a)
	311(b)	7.13(b)
	311(c)	Inapplicable
	312(a)	5.02(a)
	312(b)	5.02(b)
	312(c)	5.02(c)
	313(a)	5.04(a)
	313(b)	5.04(a)
	313(c)	5.04(a)
	 	5.04(b)
	313(d)	5.04(b)
	314(a)	5.03
	314(b)	Inapplicable
	314(c)	13.06
	314(d)	Inapplicable
	314(e)	13.06
	314(f)	Inapplicable
	315(a)	7.01(a)
	 	7.02
	315(b)	6.07
	315(c)	7.01
	315(d)	7.01(b)
	 	7.01(c)
	315(e)	6.07
	316(a)	6.06
	 	8.04
	316(b)	6.04
	316(c)	8.01
	317(a)	6.02
	317(b)	4.03
	318(a)	13.08

  

		(1)	This Cross-Reference Table does not constitute part of the Indenture and shall not have any bearing
on the interpretation of any of its terms or provisions.

  

    	 

    	 

    

 

TABLE OF CONTENTS (2)

 

	 	 	 	 	 	Page
	Article I	DEFINITIONS.	 	1
	 	Section 1.01.	Definitions of Terms 	 	1
	Article II	ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES	 	5
	 	Section 2.01.	Designation and Terms of Securities.	 	5
	 	Section 2.02.	Form of Securities and Trustee's Certificate.	 	7
	 	Section 2.03.	Denominations:Provisions
for Payment.	 	7
	 	Section 2.04.	Execution and Authentications.	 	9
	 	Section 2.05.	Registration of Transfer and Exchange.	 	10
	 	Section 2.06.	Temporary Securities.	 	11
	 	Section 2.07.	Mutilated, Destroyed, Lost or Stolen Securities.	 	12
	 	Section 2.08.	Cancellation.	 	12
	 	Section 2.09.	Benefits of Indenture.	 	13
	 	Section 2.10.	Authenticating Agent.	 	13
	 	Section 2.11.	Global Securities	 	14
	Article III	REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS	 	
	 	Section 3.01.	Redemption.	 	15
	 	Section 3.02.	Notice of Redemption.	 	15
	 	Section 3.03.	Payment Upon Redemption.	 	15
	 	Section 3.04.	Sinking Fund.	 	16
	 	Section 3.05.	Satisfaction of Sinking Fund Payments with Securities.	 	17
	 	Section 3.06.	Redemption of Securities for Sinking Fund.	 	17
	Article IV	COVENANTS	 	17
	 	Section 4.01.	Payment of Principal, Premium and Interest.	 	18
	 	Section 4.02.	Maintenance of Office or Agency.	 	18
	 	Section 4.03.	Paying Agents.	 	18
	 	Section 4.04.	Appointment to Fill Vacancy in Office of Trustee.	 	18
	 	Section 4.05.	Compliance with Consolidation Provisions.	 	20
	Article V	SECURITYHOLDERS' LISTS AND REPORTS  BY THE COMPANY AND THE TRUSTEE	 	20
	 	Section 5.01. 	Company to Furnish Trustee Names and Addresses of Securityholders.	 	20
	 	Section 5.02.	Preservation Of Information; Communications With Securityholders.	 	20
	 	Section 5.03.	Reports by the Company.	 	21
	 	Section 5.04.	Reports by the Trustee.	 	21
	Article VI	REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS  ON EVENT OF DEFAULT	 	22
	 	Section 6.01.	Events of Default.	 	22
	 	Section 6.02.	Collection of Indebtedness and Suits for Enforcement by Trustee.	 	24
	 	Section 6.03.	Application of Moneys Collected.	 	25
	 	Section 6.04.	Limitation on Suits.	 	26
	 	Section 6.05.	Rights and Remedies Cumulative; Delay or Omission Not Waiver.	 	27
	 	Section 6.06.	Control by Securityholders.	 	27
	 	Section 6.07.	Undertaking to Pay Costs.	 	28

 

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	Article VII	CONCERNING THE TRUSTEE	 	28
	 	Section 7.01. 	Certain Duties and Responsibilities of Trustee.	 	28
	 	Section 7.02.	Certain Rights of Trustee.	 	30
	 	Section 7.03.	Trustee Not Responsible for Recitals or Issuance of Securities.	 	31
	 	Section 7.04.	May Hold Securities. 	 	31
	 	Section 7.05.	Moneys Held in Trust.	 	31
	 	Section 7.06.	Compensation and Reimbursement.	 	32
	 	Section 7.07.	Reliance on Officers' Certificate.	 	32
	 	Section 7.08.	Disqualification; Conflicting Interests.	 	33
	 	Section 7.09.	Corporate Trustee Required; Eligibility.	 	33
	 	Section 7.10.	Resignation and Removal; Appointment of Successor.	 	33
	 	Section 7.11.	Acceptance of Appointment By Successor.	 	34
	 	Section 7.12.	Merger, Conversion, Consolidation or Succession to Business.	 	36
	 	Section 7.13.	Preferential Collection of Claims Against the Company.	 	36
	Article VIII	CONCERNING THE SECURITYHOLDERS	 	36
	 	Section 8.01. 	Evidence of Action by Securityholders.	 	36
	 	Section 8.02.	Proof of Execution by Securityholders.	 	37
	 	Section 8.03.	Who May be Deemed Owners.	 	37
	 	Section 8.04.	Certain Securities Owned by Company Disregarded.	 	38
	 	Section 8.05.	Actions Binding on Future Securityholders.	 	38
	 	Section 8.06.	Purposes for Which Meetings May Be Called.	 	39
	 	Section 8.07.	Call Notice and Place of Meetings.	 	39
	 	Section 8.08.	Persons Entitled To Vote at Meetings.	 	39
	 	Section 8.09.	Quorum; Action.	 	40
	 	Section 8.10.

    Determination of Voting Rights; Conduct and Adjournment of Meetings.
    	Determination of Voting Rights; Conduct and Adjournment of Meetings.	 	40
	 	Section 8.11.	Counting Votes and Recording Action of Meetings.	 	41
	Article IX	SUPPLEMENTAL INDENTURES	 	41
	 	Section 9.01.	Supplemental Indentures Without the Consent of Securityholders	 	41
	 	Section 9.02.	Supplemental Indentures With Consent of Securityholders.	 	42
	 	Section 9.03.	Effect of Supplemental Indentures.	 	43
	 	Section 9.04.	Securities Affected by Supplemental Indentures.	 	43
	 	Section 9.05.	Execution of Supplemental Indentures.	 	44
	Article X	SUCCESSOR ENTITY	 	44
	 	Section 10.01. 	Company May Consolidate, Etc. 	 	44
	 	Section 10.02.	Successor Entity Substituted.	 	45
	 	Section 10.03.	 Evidence of Consolidation, Etc.  to Trustee. 	 	45
	Article XI	SATISFACTION AND DISCHARGE	 	45
	 	Section 11.01.	Satisfaction and Discharge of Indenture.	 	45
	 	Section 11.02.	Discharge of Obligations. 	 	46
	 	Section 11.03.	Deposited Moneys to be Held in Trust.	 	46
	 	Section 11.04.	Payment of Moneys Held by Paying Agents.	 	47
	 	 	 	 	 	

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	 	Section 11.05.	Repayment to Company.	 	47
	Article XII	IMMUNITY OF INCORPORATORS, STOCKHOLDERS,  OFFICERS AND DIRECTORS 	 	47
	 	Section 12.01.	No Recourse.	 	47
	Article XIII	MISCELLANEOUS PROVISIONS	 	48
	 	Section 13.01.	Effect on Successors and Assigns. 	 	48
	 	Section 13.02.	Actions by Successor.	 	48
	 	Section 13.03.	Surrender of Company Powers.	 	48
	 	Section 13.04.	Notices.	 	49
	 	Section 13.05.	Governing Law.	 	49
	 	Section 13.06.	Treatment of Securities as Debt.	 	49
	 	Section 13.07.	Compliance Certificates and Opinions.	 	49
	 	Section 13.08.	Payments on Business Days.	 	50
	 	Section 13.09.	Conflict with Trust Indenture Act.	 	50
	 	Section 13.10.	Counterparts.	 	50
	 	Section 13.11.	Separability.	 	50
	 	Section 13.12.	Assignment.	 	50
	Article XIV	 	SUBORDINATION OF SECURITIES

	 	50
	 	Section 14.01.	Subordination Terms.

	 	50
	 	 	 	 	 	 

		(2)	This Table of Contents does not constitute part of the Indenture and shall not have any bearing
on the interpretation of any of its terms and provisions.

  

    	iii

    	 

    

 

EXHIBIT 4.7

 

INDENTURE, dated as of [______________________],
by and between Ohr Pharmaceutical, Inc., a Delaware corporation (the “Company”), and [_____________________], as trustee
(the “Trustee”):

 

WHEREAS, for its lawful corporate purposes,
the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of subordinated debt securities
(hereinafter referred to as the “Securities”), in an unlimited aggregate principal amount to be issued from time to
time in one or more series as in this Indenture provided, as registered Securities without coupons, to be authenticated by the
certificate of the Trustee;

 

WHEREAS, to provide the terms and conditions
upon which the Securities are to be authenticated, issued and delivered, the Company has duly authorized the execution of this
Indenture; and

 

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

 

NOW, THEREFORE, in consideration of the premises
and the purchase of the Securities by the holders thereof, it is mutually covenanted and agreed as follows for the equal and ratable
benefit of the holders of Securities:

 

Article
I

 

DEFINITIONS

 

Section 1.01.Definitions
of Terms.

 

The terms defined in this Section (except as
in this Indenture otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and
of any indenture supplemental hereto shall have the respective meanings specified in this Section and shall include the plural
as well as the singular. All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939, as amended,
or that are by reference in such Act defined in the Securities Act of 1933, as amended (except as herein otherwise expressly provided
or unless the context otherwise requires), shall have the meanings assigned to such terms in said Trust Indenture Act and in said
Securities Act as in force at the date of the execution of this instrument.

 

“Authenticating Agent” means an
authenticating agent with respect to all or any of the series of Securities appointed with respect to all or any series of the
Securities by the Trustee pursuant to Section 2.10.

 

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

 

“Board of Directors” means the
Board of Directors of the Company or any duly authorized committee of such Board.

 

    	 

    	 

    

 

“Board Resolution” means a copy
of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors
and to be in full force and effect on the date of such certification.

 

“Business Day” means, with respect
to any series of Securities, any day other than a day on which Federal or State banking institutions in the Borough of Manhattan,
the City and State of New York, are authorized or obligated by law, executive order or regulation to close.

 

“Certificate” means a certificate
signed by the principal executive officer, the principal financial officer or the principal accounting officer of the Company.
The Certificate need not comply with the provisions of Section 13.07.

 

“Commission” means the Securities
and Exchange Commission.

 

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

 

“Corporate Trust Office” means
the office of the Trustee at which, at any particular time, its corporate trust business shall be principally administered, which
office at the date hereof is located at [______________________], except that whenever a provision herein refers to an office or
agency of the Trustee in the Borough of Manhattan, the City and State of New York, such office is located, at the date hereof,
at [_____________________].

 

“Custodian” means any receiver,
trustee, assignee, liquidator, or similar official under any Bankruptcy Law.

 

“Default” means an event which
is, or after notice or lapse of time, or both, would constitute an Event of Default.

 

“Depositary” means, with respect
to Securities of any series, for which the Company shall determine that such Securities will be issued as a Global Security, The
Depository Trust Company, New York, New York, another clearing agency, or any successor registered as a clearing agency under the
Exchange Act, or other applicable statute or regulation, which, in each case, shall be designated by the Company pursuant to either
Section 2.01 or Section 2.11.

 

“Event of Default” means, with
respect to Securities of a particular series, any event specified in Section 6.01, continued for the period of time, if any, therein
designated.

 

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

 

“Global
Security” means, with respect to any series of Securities, a Security executed by the Company and delivered by the Trustee
to the Depositary or pursuant to the Depositary’s instruction, all in accordance with this Indenture, which shall be registered
in the name of the Depositary or its nominee.

 

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“Governmental
Obligations” means securities that are (i) direct obligations of the United States of America for the payment of which its
full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality
of the United States of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the
United States of America that, in either case, are non-callable at the option of the issuer thereof, and shall also include a
depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with
respect to any such Governmental Obligation or a specific payment of principal of or interest on any such Governmental Obligation
held by such custodian for the account of the holder of such depositary receipt; provided, however, 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 Governmental Obligation or the specific payment of principal of or interest
on the Governmental Obligation evidenced by such depositary receipt.

 

“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.

 

“Indenture”
means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into in accordance with the terms hereof.

 

“Interest
Payment Date,” when used with respect to any installment of interest on a Security of a particular series, means the date
specified in such Security or in a Board Resolution or in an indenture supplemental hereto with respect to such series as the
fixed date on which an installment of interest with respect to Securities of that series is due and payable.

 

“Officers’
Certificate” means a certificate signed by the President or a Vice President and by the Chief Financial Officer, the Treasurer
or an Assistant Treasurer or the Controller or an Assistant Controller or the Secretary or an Assistant Secretary of the Company
that is delivered to the Trustee in accordance with the terms hereof. Certificate shall include the statements provided for in
Section 13.07, if and to the extent required by the provisions thereof.

 

“Opinion
of Counsel” means a written opinion of counsel, who may be counsel to the Company (and may include directors or employees
of the Company) and which opinion is acceptable to the Trustee which acceptance shall not be unreasonably withheld.

 

“Outstanding”,
when used with reference to Securities of any series, means, subject to the provisions of Section 8.04, as of any particular time,
all Securities of that series theretofore authenticated and delivered by the Trustee under this Indenture, except (a) Securities
theretofore canceled by the Trustee or any paying agent, or delivered to the Trustee or any paying agent for cancellation or that
have previously been canceled; (b) Securities or portions thereof for the payment or redemption of which moneys or Governmental
Obligations in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the
Company) or shall have been set aside and segregated in trust by the Company (if the Company shall act as its own paying agent);
provided, however, that if such Securities or portions of such Securities are to be redeemed prior to the maturity thereof, notice
of such redemption shall have been given as in Article III provided, or provision satisfactory to the Trustee shall have been
made for giving such notice; and (c) Securities in lieu of or in substitution for which other Securities shall have been authenticated
and delivered pursuant to the terms of Section 2.07.

 

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

 

“Predecessor
Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that
evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under
Section 2.07 in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated,
destroyed, lost or stolen Security.

 

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

 

“Securities”
means the debt Securities authenticated and delivered under this Indenture.

 

“Security
Register” has the meaning specified in Section 2.05.

 

“Security
Registrar” has the meaning specified in Section 2.05.

 

“Securityholder,”“holder
of Securities,”“registered holder,” or other similar term, means the Person or Persons in whose name or names
a particular Security shall be registered in the Security Register.

 

“Subsidiary”
means, with respect to any Person, (i) any corporation at least a majority of whose outstanding Voting Stock shall at the time
be owned, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its
Subsidiaries, (ii) any general partnership, joint venture or similar entity, at least a majority of whose outstanding partnership
or similar interests shall at the time be owned by such Person, or by one or more of its Subsidiaries, or by such Person and one
or more of its Subsidiaries and (iii) any limited partnership of which such Person or any of its Subsidiaries is a general partner.

 

“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 such
successor Trustee. The term “Trustee” as used with respect to a particular series of the Securities shall mean the
trustee with respect to that series.

 

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“Trust
Indenture Act” means the Trust Indenture Act of 1939, as amended, subject to the provisions of Sections 9.01, 9.02, and
10.01, as in effect at the date of execution of this instrument; provided, however, that in the event the Trust Indenture Act
is amended after such date, Trust Indenture Act means, to the extent required by such amendment, the Trust Indenture Act of 1939,
as so amended, or any successor statute.

 

“Voting
Stock,” as applied to any Person, means shares, interests, participations or other equivalents in the equity interest (however
designated) in such Person having ordinary voting power for the election of a majority of the directors (or the equivalent) of
such Person, other than shares, interests, participations or other equivalents having such power only by reason of the occurrence
of a contingency.

 

Article
II

 

ISSUE, DESCRIPTION, TERMS, EXECUTION,

REGISTRATION AND EXCHANGE OF SECURITIES

 

Section
2.01.Designation and Terms of Securities.

 

		(a)	The
                                                                                                  aggregate principal amount of
                                                                                                  Securities that may be authenticated
                                                                                                  and delivered under this Indenture
                                                                                                  is unlimited. The Securities
                                                                                                  may be issued in one or more
                                                                                                  series up to the aggregate principal
                                                                                                  amount of Securities of that
                                                                                                  series from time to time authorized
                                                                                                  by or pursuant to a Board Resolution
                                                                                                  of the Company or pursuant to
                                                                                                  one or more indentures supplemental
                                                                                                  hereto. Prior to the initial
                                                                                                  issuance of Securities of a
                                                                                                  given series, there shall be
                                                                                                  established in or pursuant to
                                                                                                  a Board Resolution of the Company,
                                                                                                  and set forth in an Officers’
                                                                                                  Certificate of the Company,
                                                                                                  or established in one or more
                                                                                                  indentures supplemental hereto:
                                                                                                  

 

		(1)	the
                                                                                                  title of the Security of the
                                                                                                  series (which shall distinguish
                                                                                                  the Securities of the series
                                                                                                  from all other Securities);
                                                                                                  

 

		(2)	the
                                                                                                  aggregate principal amount of
                                                                                                  the Securities of such series
                                                                                                  initially to be issued and any
                                                                                                  limit upon the aggregate principal
                                                                                                  amount of the Securities of
                                                                                                  that series that 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 that series); 

 

		(3)	the
                                                                                                  currency or units based on or
                                                                                                  relating to currencies in which
                                                                                                  debt securities of such series
                                                                                                  are denominated and the currency
                                                                                                  or units in which principal
                                                                                                  or interest or both will or
                                                                                                  may be payable; 

 

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		(4)	the
                                                                                                  date or dates on which the principal
                                                                                                  of the Securities of the series
                                                                                                  is payable and the place(s)
                                                                                                  of payment; 

 

		(5)	the
                                                                                                  rate or rates at which the Securities
                                                                                                  of the series shall bear interest
                                                                                                  or the manner of calculation
                                                                                                  of such rate or rates, if any;
                                                                                                  

 

		(6)	the
                                                                                                  date or dates from which such
                                                                                                  interest shall accrue, the Interest
                                                                                                  Payment Dates on which such
                                                                                                  interest will be payable or
                                                                                                  the manner of determination
                                                                                                  of such Interest Payment Dates,
                                                                                                  the place(s) of payment, and
                                                                                                  the record date for the determination
                                                                                                  of holders to whom interest
                                                                                                  is payable on any such Interest
                                                                                                  Payment Dates or the method
                                                                                                  for determining such dates;
                                                                                                  

 

		(7)	the
                                                                                                  right, if any, to extend the
                                                                                                  interest payment periods or
                                                                                                  to defer the payment of interest
                                                                                                  and the duration of such extension;
                                                                                                  

 

		(8)	the
                                                                                                  period or periods within which,
                                                                                                  the price or prices at which
                                                                                                  and the terms and conditions
                                                                                                  upon which, Securities of the
                                                                                                  series may be redeemed, in whole
                                                                                                  or in part, at the option of
                                                                                                  the Company; 

 

		(9)	the
                                                                                                  obligation, if any, of the Company
                                                                                                  to redeem or purchase Securities
                                                                                                  of the series pursuant to any
                                                                                                  sinking fund or analogous provisions
                                                                                                  (including payments made in
                                                                                                  cash in satisfaction of future
                                                                                                  sinking fund obligations) or
                                                                                                  at the option of a holder thereof
                                                                                                  and the period or periods within
                                                                                                  which, the price or prices at
                                                                                                  which, and the terms and conditions
                                                                                                  upon which, Securities of the
                                                                                                  series shall be redeemed or
                                                                                                  purchased, in whole or in part,
                                                                                                  pursuant to such obligation;
                                                                                                  

 

		(10)	whether
                                                                                                   or not the debt securities
                                                                                                   will be secured or unsecured,
                                                                                                   and the terms of any secured
                                                                                                   debt; 

 

		(11)	the
                                                                                                   form of the Securities of the
                                                                                                   series including the form of
                                                                                                   the Certificate of Authentication
                                                                                                   for such series; 

 

		(12)	if
                                                                                                   other than denominations of
                                                                                                   one thousand U.S. dollars ($1,000)
                                                                                                   or any integral multiple thereof,
                                                                                                   the denominations in which
                                                                                                   the Securities of the series
                                                                                                   shall be issuable; 

 

		(13)	any
                                                                                                   and all other terms with respect
                                                                                                   to such series (which terms
                                                                                                   shall not be inconsistent with
                                                                                                   the terms of this Indenture,
                                                                                                   as amended by any supplemental
                                                                                                   indenture) including any terms
                                                                                                   which may be required by or
                                                                                                   advisable under United States
                                                                                                   laws or regulations or advisable
                                                                                                   in connection with the marketing
                                                                                                   of Securities of that series;
                                                                                                   

 

		(14)	whether
                                                                                                   the Securities are issuable
                                                                                                   as a Global Security and, in
                                                                                                   such case, the identity of
                                                                                                   the Depositary for such series;
                                                                                                   

 

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		(15)	whether
                                                                                                   the Securities will be convertible
                                                                                                   into shares of common stock
                                                                                                   or other securities of the
                                                                                                   Company and, if so, the terms
                                                                                                   and conditions upon which such
                                                                                                   Securities will be so convertible,
                                                                                                   including the conversion price
                                                                                                   and the conversion period;
                                                                                                   

 

		(16)	if
                                                                                                   other than the principal amount
                                                                                                   thereof, the portion of the
                                                                                                   principal amount of Securities
                                                                                                   of the series which shall be
                                                                                                   payable upon declaration of
                                                                                                   acceleration of the maturity
                                                                                                   thereof pursuant to Section
                                                                                                   6.01; 

 

		(17)	any
                                                                                                   additional or different Events
                                                                                                   of Default or restrictive covenants
                                                                                                   provided for with respect to
                                                                                                   the Securities of the series;
                                                                                                   and 

 

		(18)	the
                                                                                                   subordination terms of the
                                                                                                   Securities of the series. 

 

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 any such Board Resolution or in any indentures supplemental hereto.

 

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

 

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

 

Section
2.02.Form of Securities and Trustee’s Certificate.

 

The
Securities of any series and the Trustee’s certificate of authentication to be borne by such Securities shall be substantially
of the tenor and purport as set forth in one or more indentures supplemental hereto or as provided in a Board Resolution of the
Company and as set forth in an Officers’ Certificate of the Company and the and may have such letters, numbers or other
marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as the Company
may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any
law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which Securities
of that series may be listed, or to conform to usage.

 

Section
2.03.Denominations: Provisions for Payment.

 

The
Securities shall be issuable as registered Securities and in the denominations of one thousand U.S. dollars ($1,000) or any integral
multiple thereof, subject to Section 2.01(a)(12). The Securities of a particular series shall bear interest payable on the dates
and at the rate specified with respect to that series. The principal of and the interest on the Securities of any series, as well
as any premium thereon in case of redemption thereof prior to maturity, shall be payable in the coin or currency of the United
States of America that at the time is legal tender for public and private debt, at the office or agency of the Company maintained
for that purpose in the Borough of Manhattan, the City and State of New York. Each Security shall be dated the date of its authentication.
Interest on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day months.

 

    	7

    	 

    

 

The
interest installment on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date
for Securities of that series shall be paid to the Person in whose name said Security (or one or more Predecessor Securities)
is registered at the close of business on the regular record date for such interest installment. In the event that any Security
of a particular series or portion thereof is called for redemption and the redemption date is subsequent to a regular record date
with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Security will be paid upon
presentation and surrender of such Security as provided in Section 3.03.

 

Any
interest on any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for Securities
of the same series (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered holder
on the relevant regular record date by virtue of having been such holder; and such Defaulted Interest shall be paid by the Company,
at its election, as provided in clause (1) or clause (2) below:

 

		(1)	The
                                                                                                  Company may make payment of
                                                                                                  any Defaulted Interest on Securities
                                                                                                  to the Persons in whose names
                                                                                                  such Securities (or their respective
                                                                                                  Predecessor Securities) are
                                                                                                  registered at the close of business
                                                                                                  on a special record date for
                                                                                                  the payment of such Defaulted
                                                                                                  Interest, which shall be fixed
                                                                                                  in the following manner: the
                                                                                                  Company shall notify the Trustee
                                                                                                  in writing of the amount of
                                                                                                  Defaulted Interest proposed
                                                                                                  to be paid on each such Security
                                                                                                  and the date of the proposed
                                                                                                  payment, and at the same time
                                                                                                  the Company shall deposit with
                                                                                                  the Trustee an amount of money
                                                                                                  equal to the aggregate amount
                                                                                                  proposed to be paid in respect
                                                                                                  of such Defaulted Interest or
                                                                                                  shall make arrangements satisfactory
                                                                                                  to the Trustee for such deposit
                                                                                                  prior to the date of the proposed
                                                                                                  payment, such money when deposited
                                                                                                  to be held in trust for the
                                                                                                  benefit of the Persons entitled
                                                                                                  to such Defaulted Interest as
                                                                                                  in this clause provided. Thereupon
                                                                                                  the Trustee shall fix a special
                                                                                                  record date for the payment
                                                                                                  of such Defaulted Interest which
                                                                                                  shall not be more than 15 nor
                                                                                                  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
                                                                                                  the Company of such special
                                                                                                  record date and, in the name
                                                                                                  and at the expense of the Company,
                                                                                                  shall cause notice of the proposed
                                                                                                  payment of such Defaulted Interest
                                                                                                  and the special record date
                                                                                                  therefor to be mailed, first
                                                                                                  class postage prepaid, to each
                                                                                                  Securityholder at his or her
                                                                                                  address as it appears in the
                                                                                                  Security Register, not less
                                                                                                  than 10 days prior to such special
                                                                                                  record date. Notice of the proposed
                                                                                                  payment of such Defaulted Interest
                                                                                                  and the special record date
                                                                                                  therefor having been mailed
                                                                                                  as aforesaid, such Defaulted
                                                                                                  Interest shall be paid to the
                                                                                                  Persons in whose names such
                                                                                                  Securities (or their respective
                                                                                                  Predecessor Securities) are
                                                                                                  registered on such special record
                                                                                                  date. 

 

    	8

    	 

    

 

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

 

Unless
otherwise set forth in a Board Resolution of the Company or one or more indentures supplemental hereto establishing the terms
of any series of Securities pursuant to Section 2.01 hereof, the term “regular record date” as used in this Section
with respect to a series of Securities with respect to any Interest Payment Date for such series shall mean either the fifteenth
day of the month immediately preceding the month in which an Interest Payment Date established for such series pursuant to Section
2.01 hereof shall occur, if such Interest Payment Date is the first day of a month, or the last day of the month immediately preceding
the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof shall occur, if such Interest
Payment Date is the fifteenth day of a month, whether or not such date is a Business Day.

 

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

 

Section
2.04.Execution and Authentications.

 

The
Securities shall be signed on behalf of the Company by its President, or one of its Vice Presidents, or its Treasurer, or one
of its Assistant Treasurers, or its Secretary, or one of its Assistant Secretaries, under its corporate seal attested by its Secretary
or one of its Assistant Secretaries. Signatures may be in the form of a manual or facsimile signature. The Company may use the
facsimile signature of any Person who shall have been a President or Vice President thereof, or of any Person who shall have been
a Treasurer or Assistant Treasurer thereof, or of any Person who shall have been a Secretary or Assistant Secretary thereof, notwithstanding
the fact that at the time the Securities shall be authenticated and delivered or disposed of such Person shall have ceased to
be the President or a Vice President, the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary, of the
Company. The seal of the Company may be in the form of a facsimile of such seal and may be impressed, affixed, imprinted or otherwise
reproduced on the Securities. The Securities may contain such notations, legends or endorsements required by law, stock exchange
rule or usage. Each Security shall be dated the date of its authentication.

 

    	9

    	 

    

 

A
Security shall not be valid or obligatory for any purpose and shall not be entitled to any benefit under this Indenture, in each
case, until authenticated with a certificate of authentication manually signed by an authorized signatory of the Trustee, or by
an Authenticating Agent. Such certificate shall be conclusive evidence, and the only evidence, that the Security so authenticated
has been duly authenticated and delivered hereunder and that the Security is entitled to the benefits of this Indenture. At any
time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series
executed by the Company to the Trustee for authentication, together with a written order of the Company for the authentication
and delivery of such Securities, signed by its President or any Vice President and its Secretary or any Assistant Secretary, and
the Trustee in accordance with such written order shall authenticate and deliver such Securities.

 

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 7.01) shall be fully protected in relying upon, an Opinion of
Counsel stating that the form and terms thereof have been established in conformity with the provisions of this Indenture.

 

The
Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will
affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner that
is not reasonably acceptable to the Trustee.

 

Section
2.05.Registration of Transfer and Exchange.

 

		(a)	Securities
                                                                                                  of any series may be exchanged
                                                                                                  upon presentation thereof at
                                                                                                  the office or agency of the
                                                                                                  Company designated for such
                                                                                                  purpose in the Borough of Manhattan,
                                                                                                  the City and State of New York,
                                                                                                  for other Securities of such
                                                                                                  series of authorized denominations,
                                                                                                  and for a like aggregate principal
                                                                                                  amount, upon payment of a sum
                                                                                                  sufficient to cover any tax
                                                                                                  or other governmental charge
                                                                                                  in relation thereto, all as
                                                                                                  provided in this Section. In
                                                                                                  respect of any Securities so
                                                                                                  surrendered for exchange, the
                                                                                                  Company shall execute, the Trustee
                                                                                                  shall authenticate and such
                                                                                                  office or agency shall deliver
                                                                                                  in exchange therefor the Security
                                                                                                  or Securities of the same series
                                                                                                  that the Securityholder making
                                                                                                  the exchange shall be entitled
                                                                                                  to receive, bearing numbers
                                                                                                  not contemporaneously outstanding.
                                                                                                  

 

		(b)	The
                                                                                                  Company shall keep, or cause
                                                                                                  to be kept, at its office or
                                                                                                  agency designated for such purpose
                                                                                                  in the Borough of Manhattan,
                                                                                                  the City and State of New York,
                                                                                                  or such other location designated
                                                                                                  by the Company a register or
                                                                                                  registers (herein referred to
                                                                                                  as the “Security Register”)
                                                                                                  in which, subject to such reasonable
                                                                                                  regulations as it may prescribe,
                                                                                                  the Company shall register the
                                                                                                  Securities and the transfers
                                                                                                  of Securities as in this Article
                                                                                                  provided and which at all reasonable
                                                                                                  times shall be open for inspection
                                                                                                  by the Trustee. The registrar
                                                                                                  for the purpose of registering
                                                                                                  Securities and transfer of Securities
                                                                                                  as herein provided shall be
                                                                                                  appointed as authorized by Board
                                                                                                  Resolution (the “Security
                                                                                                  Registrar”). 

 

    	10

    	 

    

 

Upon
surrender for transfer of any Security at the office or agency of the Company designated for such purpose, the Company shall execute,
the Trustee shall authenticate and such office or agency shall deliver in the name of the transferee or transferees a new Security
or Securities of the same series as the Security presented for a like aggregate principal amount.

 

All
Securities presented or surrendered for exchange or registration of transfer, as provided in this Section, shall be accompanied
(if so required by the Company or the Security Registrar) by a written instrument or instruments of transfer, in form satisfactory
to the Company or the Security Registrar, duly executed by the registered holder or by such holder’s duly authorized attorney
in writing.

 

		(c)	No
                                                                                                  service charge shall be made
                                                                                                  for any exchange or registration
                                                                                                  of transfer of Securities, or
                                                                                                  issue of new Securities in case
                                                                                                  of partial redemption of any
                                                                                                  series, but the Company may
                                                                                                  require payment of a sum sufficient
                                                                                                  to cover any tax or other governmental
                                                                                                  charge in relation thereto,
                                                                                                  other than exchanges pursuant
                                                                                                  to Section 2.06, Section 3.03(b)
                                                                                                  and Section 9.04 not involving
                                                                                                  any transfer. 

 

		(d)	The
                                                                                                  Company shall not be required
                                                                                                  (i) to issue, exchange or register
                                                                                                  the transfer of any Securities
                                                                                                  during a period beginning at
                                                                                                  the opening of business 15 days
                                                                                                  before the day of the mailing
                                                                                                  of a notice of redemption of
                                                                                                  less than all the Outstanding
                                                                                                  Securities of the same series
                                                                                                  and ending at the close of business
                                                                                                  on the day of such mailing,
                                                                                                  nor (ii) to register the transfer
                                                                                                  of or exchange any Securities
                                                                                                  of any series or portions thereof
                                                                                                  called for redemption. The provisions
                                                                                                  of this Section 2.05 are, with
                                                                                                  respect to any Global Security,
                                                                                                  subject to Section 2.11 hereof.
                                                                                                  

 

Section
2.06.Temporary Securities.

 

Pending
the preparation of definitive Securities of any series, the Company may execute, and the Trustee shall authenticate and deliver,
temporary Securities (printed, lithographed or typewritten) of any authorized denomination. Such temporary Securities shall be
substantially in the form of the definitive Securities in lieu of which they are issued, but with such omissions, insertions and
variations as may be appropriate for temporary Securities, all as may be determined by the Company. Every temporary Security of
any series shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in substantially
the same manner, and with like effect, as the definitive Securities of such series. Without unnecessary delay the Company will
execute and will furnish definitive Securities of such series and thereupon any or all temporary Securities of such series may
be surrendered in exchange therefor (without charge to the holders), at the office or agency of the Company designated for the
purpose in the Borough of Manhattan, the City and State of New York, and the Trustee shall authenticate and such office or agency
shall deliver in exchange for such temporary Securities an equal aggregate principal amount of definitive Securities of such series,
unless the Company advises the Trustee to the effect that definitive Securities need not be executed and furnished until further
notice from the Company. Until so exchanged, the temporary Securities of such series shall be entitled to the same benefits under
this Indenture as definitive Securities of such series authenticated and delivered hereunder.

 

    	11

    	 

    

 

Section
2.07.Mutilated, Destroyed, Lost or Stolen Securities.

 

In
case any temporary or definitive Security shall become mutilated or be destroyed, lost or stolen, the Company (subject to the
next succeeding sentence) shall execute, and upon the Company’s request the Trustee (subject as aforesaid) shall authenticate
and deliver, a new Security of the same series, bearing a number not contemporaneously outstanding, in exchange and substitution
for the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen. In every case the
applicant for a substituted Security shall furnish to the Company and the Trustee such security or indemnity as may be required
by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the
Company and the Trustee evidence to their satisfaction of the destruction, loss or theft of the applicant’s Security and
of the ownership thereof. The Trustee may authenticate any such substituted Security and deliver the same upon the written request
or authorization of any officer of the Company. Upon the issuance of any substituted Security, the Company may require the payment
of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses
(including the fees and expenses of the Trustee) connected therewith. In case any Security that has matured or is about to mature
shall become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substitute Security, pay or authorize
the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment
shall furnish to the Company and the Trustee such security or indemnity as they may require to save them harmless, and, in case
of destruction, loss or theft, evidence to the satisfaction of the Company and the Trustee of the destruction, loss or theft of
such Security and of the ownership thereof.

 

Every
replacement Security issued pursuant to the provisions of this Section shall constitute an additional contractual obligation of
the Company whether or not the mutilated, destroyed, lost or stolen Security shall be found at any time, or be enforceable by
anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities
of the same series duly issued hereunder. All Securities shall be held and owned upon the express condition that the foregoing
provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities, and shall
preclude (to the extent lawful) any and all other rights or remedies, notwithstanding any law or statute existing or hereafter
enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their
surrender.

 

Section
2.08.Cancellation.

 

All
Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the
Company or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled
by it, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of
this Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities
held by the Trustee. In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard
procedures and deliver a certificate of disposition to the Company. If the Company shall otherwise acquire any of the Securities,
however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities
unless and until the same are delivered to the Trustee for cancellation.

 

    	12

    	 

    

 

Section
2.09.Benefits of Indenture.

 

Nothing
in this Indenture or in the Securities, express or implied, shall give or be construed to give to any Person, other than the parties
hereto and the holders of the Securities (and, with respect to the provisions of Article XIV, the holders of Senior Indebtedness,
as defined in any supplement to this Indenture pursuant to Article XIV) any legal or equitable right, remedy or claim under or
in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and
provisions being for the sole benefit of the parties hereto and of the holders of the Securities (and, with respect to the provisions
of Article XIV, the holders of Senior Indebtedness).

 

Section
2.10.Authenticating Agent.

 

So
long as any of the Securities of any series remain Outstanding there may be an Authenticating Agent for any or all such series
of Securities which the Trustee shall have the right to appoint. Said Authenticating Agent shall be authorized to act on behalf
of the Trustee to authenticate Securities of such series issued upon exchange, transfer or partial redemption thereof, 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. All references in this Indenture to the authentication of Securities by the Trustee shall
be deemed to include authentication by an Authenticating Agent for such series. Each Authenticating Agent shall be acceptable
to the Company and shall be a corporation that has a combined capital and surplus, as most recently reported or determined by
it, sufficient under the laws of any jurisdiction under which it is organized or in which it is doing business to conduct a trust
business, and that is otherwise authorized under such laws to conduct such business and is subject to supervision or examination
by Federal or State authorities. If at any time any Authenticating Agent shall cease to be eligible in accordance with these provisions,
it shall resign immediately.

 

Any
Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee and to the Company. The Trustee
may at any time (and upon request by the Company shall) terminate the agency of any Authenticating Agent by giving written notice
of termination to such Authenticating Agent and to the Company. Upon resignation, termination or cessation of eligibility of any
Authenticating Agent, the Trustee may appoint an eligible successor Authenticating Agent acceptable to the Company. Any successor
Authenticating Agent, upon acceptance of its appointment hereunder, shall become vested with all the rights, powers and duties
of its predecessor hereunder as if originally named as an Authenticating Agent pursuant hereto.

 

    	13

    	 

    

 

Section
2.11.Global Securities

 

		(a)	If
                                                                                                  the Company shall establish
                                                                                                  pursuant to Section 2.01 that
                                                                                                  some or all of the Securities
                                                                                                  of a particular series are to
                                                                                                  be issued as a Global Security,
                                                                                                  then the Company shall execute
                                                                                                  and the Trustee shall, in accordance
                                                                                                  with Section 2.04, authenticate
                                                                                                  and deliver, a Global Security
                                                                                                  that (i) shall represent, and
                                                                                                  shall be denominated in an amount
                                                                                                  equal to the aggregate principal
                                                                                                  amount of, the Outstanding Securities
                                                                                                  of such series which are to
                                                                                                  be issued as a Global Security,
                                                                                                  (ii) shall be registered in
                                                                                                  the name of the Depositary or
                                                                                                  its nominee, (iii) shall be
                                                                                                  delivered by the Trustee to
                                                                                                  the Depositary or pursuant to
                                                                                                  the Depositary’s instruction
                                                                                                  and (iv) shall bear a legend
                                                                                                  substantially to the following
                                                                                                  effect: “Except as otherwise
                                                                                                  provided in Section 2.11 of
                                                                                                  the Indenture, this Security
                                                                                                  may be transferred, in whole
                                                                                                  but not in part, only to another
                                                                                                  nominee of the Depositary or
                                                                                                  to a successor Depositary or
                                                                                                  to a nominee of such successor
                                                                                                  Depositary.”

 

		(b)	Notwithstanding
                                                                                                  the provisions of Section 2.05,
                                                                                                  the Global Security of a series
                                                                                                  may be transferred, in whole
                                                                                                  but not in part and in the manner
                                                                                                  provided in Section 2.05, only
                                                                                                  to another nominee of the Depositary
                                                                                                  for such series, or to a successor
                                                                                                  Depositary for such series selected
                                                                                                  or approved by the Company or
                                                                                                  to a nominee of such successor
                                                                                                  Depositary. 

 

		(c)	If
                                                                                                  at any time the Depositary for
                                                                                                  a series of the Securities notifies
                                                                                                  the Company that it is unwilling
                                                                                                  or unable to continue as Depositary
                                                                                                  for such series or if at any
                                                                                                  time the Depositary for such
                                                                                                  series shall no longer be registered
                                                                                                  or in good standing under the
                                                                                                  Exchange Act, or other applicable
                                                                                                  statute or regulation, and a
                                                                                                  successor Depositary for such
                                                                                                  series is not appointed by the
                                                                                                  Company within 90 days after
                                                                                                  the Company receives such notice
                                                                                                  or becomes aware of such condition,
                                                                                                  as the case may be, this Section
                                                                                                  2.11 shall no longer be applicable
                                                                                                  to the Securities of such series
                                                                                                  and the Company will execute,
                                                                                                  and subject to Section 2.05,
                                                                                                  the Trustee will authenticate
                                                                                                  and deliver the Securities of
                                                                                                  such series in definitive registered
                                                                                                  form without coupons, in authorized
                                                                                                  denominations, and in an aggregate
                                                                                                  principal amount equal to the
                                                                                                  principal amount of the Global
                                                                                                  Security of such series in exchange
                                                                                                  for such Global Security. In
                                                                                                  addition, the Company may at
                                                                                                  any time determine that the
                                                                                                  Securities of any series shall
                                                                                                  no longer be represented by
                                                                                                  a Global Security and that the
                                                                                                  provisions of this Section 2.11
                                                                                                  shall no longer apply to the
                                                                                                  Securities of such series. In
                                                                                                  such event the Company will
                                                                                                  execute and subject to Section
                                                                                                  2.05, the Trustee, upon receipt
                                                                                                  of an Officers’ Certificate
                                                                                                  evidencing such determination
                                                                                                  by the Company, will authenticate
                                                                                                  and deliver the Securities of
                                                                                                  such series in definitive registered
                                                                                                  form without coupons, in authorized
                                                                                                  denominations, and in an aggregate
                                                                                                  principal amount equal to the
                                                                                                  principal amount of the Global
                                                                                                  Security of such series in exchange
                                                                                                  for such Global Security. Upon
                                                                                                  the exchange of the Global Security
                                                                                                  for such Securities in definitive
                                                                                                  registered form without coupons,
                                                                                                  in authorized denominations,
                                                                                                  the Global Security shall be
                                                                                                  canceled by the Trustee. Such
                                                                                                  Securities in definitive registered
                                                                                                  form issued in exchange for
                                                                                                  the Global Security pursuant
                                                                                                  to this Section 2.11(c) shall
                                                                                                  be registered in such names
                                                                                                  and in such authorized denominations
                                                                                                  as the Depositary, pursuant
                                                                                                  to instructions from its direct
                                                                                                  or indirect participants or
                                                                                                  otherwise, shall instruct the
                                                                                                  Trustee. The Trustee shall deliver
                                                                                                  such Securities to the Depositary
                                                                                                  for delivery to the Persons
                                                                                                  in whose names such Securities
                                                                                                  are so registered. 

 

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Article
III

 

REDEMPTION OF SECURITIES AND

SINKING FUND PROVISIONS

 

Section
3.01.Redemption.

 

The
Company may redeem the Securities of any series issued hereunder on and after the dates and in accordance with the terms established
for such series pursuant to Section 2.01 hereof.

 

Section
3.02.Notice of Redemption.

 

		(a)	In
                                                                                                  case the Company shall desire
                                                                                                  to exercise such right to redeem
                                                                                                  all or, as the case may be,
                                                                                                  a portion of the Securities
                                                                                                  of any series in accordance
                                                                                                  with the right reserved so to
                                                                                                  do, the Company shall, or shall
                                                                                                  cause the Trustee to, give notice
                                                                                                  of such redemption to holders
                                                                                                  of the Securities of such series
                                                                                                  to be redeemed by mailing, first
                                                                                                  class postage prepaid, a notice
                                                                                                  of such redemption not less
                                                                                                  than 30 days and not more than
                                                                                                  90 days before the date fixed
                                                                                                  for redemption of that series
                                                                                                  to such holders at their last
                                                                                                  addresses as they shall appear
                                                                                                  upon the Security Register unless
                                                                                                  a shorter period is specified
                                                                                                  in the Securities to be redeemed.
                                                                                                  Any notice that is mailed in
                                                                                                  the manner herein provided shall
                                                                                                  be conclusively presumed to
                                                                                                  have been duly given, whether
                                                                                                  or not the registered holder
                                                                                                  receives the notice. In any
                                                                                                  case, failure duly to give such
                                                                                                  notice to the holder of any
                                                                                                  Security of any series designated
                                                                                                  for redemption in whole or in
                                                                                                  part, or any defect in the notice,
                                                                                                  shall not affect the validity
                                                                                                  of the proceedings for the redemption
                                                                                                  of any other Securities of such
                                                                                                  series or any other series.
                                                                                                  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, the Company shall
                                                                                                  furnish the Trustee with an
                                                                                                  Officers’ Certificate
                                                                                                  evidencing compliance with any
                                                                                                  such restriction. 

 

Each
such notice of redemption shall specify the date fixed for redemption and the redemption price at which Securities of that series
are to be redeemed, and shall state that payment of the redemption price of such Securities to be redeemed will be made at the
office or agency of the Company in the Borough of Manhattan, the City and State of New York, upon presentation and surrender of
such Securities, that interest accrued to the date fixed for redemption will be paid as specified in said notice, that from and
after said date interest will cease to accrue and that the redemption is for a sinking fund, if such is the case. If less than
all the Securities of a series are to be redeemed, the notice to the holders of Securities of that series to be redeemed in whole
or in part shall specify the particular Securities to be so redeemed. In case any Security is to be redeemed in part only, the
notice that relates to such Security shall state the portion of the principal amount thereof to be redeemed, and shall state that
on and after the redemption date, upon surrender of such Security, a new Security or Securities of such series in principal amount
equal to the unredeemed portion thereof will be issued.

 

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		(b)	If
                                                                                                  less than all the Securities
                                                                                                  of a series are to be redeemed,
                                                                                                  the Company shall give the Trustee
                                                                                                  at least 30 days’ notice
                                                                                                  in advance of the date fixed
                                                                                                  for redemption as to the aggregate
                                                                                                  principal amount of Securities
                                                                                                  of the series to be redeemed,
                                                                                                  and thereupon the Trustee shall
                                                                                                  select, by lot or in such other
                                                                                                  manner as it shall deem appropriate
                                                                                                  and fair in its discretion and
                                                                                                  that may provide for the selection
                                                                                                  of a portion or portions (equal
                                                                                                  to one thousand U.S. dollars
                                                                                                  ($1,000) or any integral multiple
                                                                                                  thereof) of the principal amount
                                                                                                  of such Securities of a denomination
                                                                                                  larger than $1,000, the Securities
                                                                                                  to be redeemed and shall thereafter
                                                                                                  promptly notify the Company
                                                                                                  in writing of the numbers of
                                                                                                  the Securities to be redeemed,
                                                                                                  in whole or in part. The Company
                                                                                                  may, if and whenever it shall
                                                                                                  so elect, by delivery of instructions
                                                                                                  signed on its behalf by its
                                                                                                  President or any Vice President,
                                                                                                  instruct the Trustee or any
                                                                                                  paying agent to call all or
                                                                                                  any part of the Securities of
                                                                                                  a particular series for redemption
                                                                                                  and to give notice of redemption
                                                                                                  in the manner set forth in this
                                                                                                  Section, such notice to be in
                                                                                                  the name of the Company or its
                                                                                                  own name as the Trustee or such
                                                                                                  paying agent may deem advisable.
                                                                                                  In any case in which notice
                                                                                                  of redemption is to be given
                                                                                                  by the Trustee or any such paying
                                                                                                  agent, the Company shall deliver
                                                                                                  or cause to be delivered to,
                                                                                                  or permit to remain with, the
                                                                                                  Trustee or such paying agent,
                                                                                                  as the case may be, such Security
                                                                                                  Register, transfer books or
                                                                                                  other records, or suitable copies
                                                                                                  or extracts therefrom, sufficient
                                                                                                  to enable the Trustee or such
                                                                                                  paying agent to give any notice
                                                                                                  by mail that may be required
                                                                                                  under the provisions of this
                                                                                                  Section. 

 

Section
3.03.Payment Upon Redemption.

 

		(a)	If
                                                                                                  the giving of notice of redemption
                                                                                                  shall have been completed as
                                                                                                  above provided, the Securities
                                                                                                  or portions of Securities of
                                                                                                  the series to be redeemed specified
                                                                                                  in such notice shall become
                                                                                                  due and payable on the date
                                                                                                  and at the place stated in such
                                                                                                  notice at the applicable redemption
                                                                                                  price, together with interest
                                                                                                  accrued to the date fixed for
                                                                                                  redemption and interest on such
                                                                                                  Securities or portions of Securities
                                                                                                  shall cease to accrue on and
                                                                                                  after the date fixed for redemption,
                                                                                                  unless the Company shall default
                                                                                                  in the payment of such redemption
                                                                                                  price and accrued interest with
                                                                                                  respect to any such Security
                                                                                                  or portion thereof. On presentation
                                                                                                  and surrender of such Securities
                                                                                                  on or after the date fixed for
                                                                                                  redemption at the place of payment
                                                                                                  specified in the notice, said
                                                                                                  Securities shall be paid and
                                                                                                  redeemed at the applicable redemption
                                                                                                  price for such series, together
                                                                                                  with interest accrued thereon
                                                                                                  to the date fixed for redemption
                                                                                                  (but if the date fixed for redemption
                                                                                                  is an interest payment date,
                                                                                                  the interest installment payable
                                                                                                  on such date shall be payable
                                                                                                  to the registered holder at
                                                                                                  the close of business on the
                                                                                                  applicable record date pursuant
                                                                                                  to Section 2.03). 

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		(b)	Upon
                                                                                                  presentation of any Security
                                                                                                  of such series that is to be
                                                                                                  redeemed in part only, the Company
                                                                                                  shall execute and the Trustee
                                                                                                  shall authenticate and the office
                                                                                                  or agency where the Security
                                                                                                  is presented shall deliver to
                                                                                                  the holder thereof, at the expense
                                                                                                  of the Company, a new Security
                                                                                                  of the same series of authorized
                                                                                                  denominations in principal amount
                                                                                                  equal to the unredeemed portion
                                                                                                  of the Security so presented.
                                                                                                  

 

Section
3.04.Sinking Fund.

 

The
provisions of Sections 3.04, 3.05 and 3.06 shall be applicable to any sinking fund for the retirement of Securities of a series,
except as otherwise specified as contemplated by Section 2.01 for Securities of such series.

 

The
minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory
sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series
is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series,
the cash amount of any sinking fund payment may be subject to reduction as provided in Section 3.05. Each sinking fund payment
shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series.

 

Section
3.05.Satisfaction of Sinking Fund Payments with Securities.

 

The
Company (i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and (ii)
may apply as a credit Securities of a series that have been redeemed either at the election of the 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 the Securities of such series required
to be made pursuant to the terms of such Securities as provided for by the terms of such series, provided that such Securities
have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption
price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment
shall be reduced accordingly.

 

Section
3.06.Redemption of Securities for Sinking Fund.

 

Not
less than 45 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee
an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the
terms of the series, the portion thereof, if any, that is to be satisfied by delivering and crediting Securities of that series
pursuant to Section 3.05 and the basis for such credit and will, together with such Officers’ Certificate, deliver to the
Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Trustee shall
select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 3.02 and cause notice
of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.02.
Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in
Section 3.03.

 

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Article
IV

 

COVENANTS

 

Section
4.01.Payment of Principal, Premium and Interest.

 

The
Company will duly and punctually pay or cause to be paid the principal of (and premium, if any) and interest on the Securities
of that series at the time and place and in the manner provided herein and established with respect to such Securities.

 

Section
4.02.Maintenance of Office or Agency.

 

So
long as any series of the Securities remain Outstanding, the Company agrees to maintain an office or agency in the Borough of
Manhattan, the City and State of New York, with respect to each such series and at such other location or locations as may be
designated as provided in this Section 4.02, where (i) Securities of that series may be presented or surrendered for payment,
(ii) Securities of that series may be presented as herein above authorized for registration of transfer and exchange, and (iii)
notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be given or served,
such designation to continue with respect to such office or agency until the Company shall, by written notice signed by its President
or a Vice President and delivered to the trustee, designate some other office or agency for such purposes or any of them. If at
any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company
hereby appoints the Trustee as its agent to receive all such presentations, notices and demands.

 

Section
4.03.Paying Agents.

 

		(a)	If
                                                                                                  the Company shall appoint one
                                                                                                  or more paying agents for all
                                                                                                  or any series of the Securities,
                                                                                                  other than the Trustee, the
                                                                                                  Company will cause each such
                                                                                                  paying agent to execute and
                                                                                                  deliver to the Trustee an instrument
                                                                                                  in which such agent shall agree
                                                                                                  with the Trustee, subject to
                                                                                                  the provisions of this Section:
                                                                                                  

 

		(1)	that
                                                                                                  it will hold all sums held by
                                                                                                  it as such agent for the payment
                                                                                                  of the principal of (and premium,
                                                                                                  if any) or interest on the Securities
                                                                                                  of that series (whether such
                                                                                                  sums have been paid to it by
                                                                                                  the Company or by any other
                                                                                                  obligor of such Securities)
                                                                                                  in trust for the benefit of
                                                                                                  the Persons entitled thereto;
                                                                                                  

 

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		(2)	that
                                                                                                  it will give the Trustee notice
                                                                                                  of any failure by the Company
                                                                                                  (or by any other obligor of
                                                                                                  such Securities) to make any
                                                                                                  payment of the principal of
                                                                                                  (and premium, if any) or interest
                                                                                                  on the Securities of that series
                                                                                                  when the same shall be due and
                                                                                                  payable; 

 

		(3)	that
                                                                                                  it will, at any time during
                                                                                                  the continuance of any failure
                                                                                                  referred to in the preceding
                                                                                                  paragraph (a)(2) above, upon
                                                                                                  the written request of the Trustee,
                                                                                                  forthwith pay to the Trustee
                                                                                                  all sums so held in trust by
                                                                                                  such paying agent; and 

 

		(4)	that
                                                                                                  it will perform all other duties
                                                                                                  of paying agent as set forth
                                                                                                  in this Indenture. 

 

		(b)	If
                                                                                                  the Company shall act as its
                                                                                                  own paying agent with respect
                                                                                                  to any series of the Securities,
                                                                                                  it will on or before each due
                                                                                                  date of the principal of (and
                                                                                                  premium, if any) or interest
                                                                                                  on Securities of that series,
                                                                                                  set aside, segregate and hold
                                                                                                  in trust for the benefit of
                                                                                                  the Persons entitled thereto
                                                                                                  a sum sufficient with monies
                                                                                                  held by all other paying agents
                                                                                                  to pay such principal (and premium,
                                                                                                  if any) or interest so becoming
                                                                                                  due on Securities of that series
                                                                                                  until such sums shall be paid
                                                                                                  to such Persons or otherwise
                                                                                                  disposed of as herein provided
                                                                                                  and will promptly notify the
                                                                                                  Trustee of such action, or any
                                                                                                  failure (by it or any other
                                                                                                  obligor on such Securities)
                                                                                                  to take such action. Whenever
                                                                                                  the Company shall have one or
                                                                                                  more paying agents for any series
                                                                                                  of Securities, it will, prior
                                                                                                  to each due date of the principal
                                                                                                  of (and premium, if any) or
                                                                                                  interest on any Securities of
                                                                                                  that series, deposit with the
                                                                                                  paying agent a sum sufficient
                                                                                                  to pay the principal (an premium,
                                                                                                  if any) or interest so becoming
                                                                                                  due, such sum to be held in
                                                                                                  trust for the benefit of the
                                                                                                  Persons entitled to such principal,
                                                                                                  premium or interest, and (unless
                                                                                                  such paying agent is the Trustee)
                                                                                                  the Company will promptly notify
                                                                                                  the Trustee of this action or
                                                                                                  failure so to act. 

 

		(c)	Notwithstanding
                                                                                                  anything in this Section to
                                                                                                  the contrary, (i) the agreement
                                                                                                  to hold sums in trust as provided
                                                                                                  in this Section is subject to
                                                                                                  the provisions of Section 11.05,
                                                                                                  and (ii) the Company may at
                                                                                                  any time, for the purpose of
                                                                                                  obtaining the satisfaction and
                                                                                                  discharge of this Indenture
                                                                                                  or for any other purpose, pay,
                                                                                                  or direct any paying agent to
                                                                                                  pay, to the Trustee all sums
                                                                                                  held in trust by the Company
                                                                                                  or such paying agent, such sums
                                                                                                  to be held by the Trustee upon
                                                                                                  the same terms and conditions
                                                                                                  as those upon which such sums
                                                                                                  were held by the Company or
                                                                                                  such paying agent; and, upon
                                                                                                  such payment by any paying agent
                                                                                                  to the Trustee, such paying
                                                                                                  agent shall be released from
                                                                                                  all further liability with respect
                                                                                                  to such money. 

 

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Section
4.04.Appointment to Fill Vacancy in Office of Trustee.

 

The
Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section
7.10, a Trustee, so that there shall at all times be a Trustee hereunder.

 

Section
4.05.Compliance with Consolidation Provisions.

 

The
Company will not, while any of the Securities remain Outstanding, consolidate with or merge into any other Person, in either case
where the Company is not the survivor of such transaction, or sell or convey all or substantially all of its property to any other
company unless the provisions of Article X hereof are complied with.

 

Article
V

 

SECURITYHOLDERS’ LISTS AND REPORTS 

BY THE COMPANY AND THE TRUSTEE

 

Section
5.01.Company to Furnish Trustee Names and Addresses of Securityholders.

 

If
the Company is not the Security Register, the Company will furnish or use reasonable efforts to cause to be furnished to the Trustee
(a) on each regular record date (as defined in Section 2.03) a list, in such form as the Trustee may reasonably require, of the
names and addresses of the holders of each series of Securities as of such regular record date, provided that the Company shall
not be obligated to furnish or cause to furnish such list at any time that the list shall not differ in any respect from the most
recent list furnished to the Trustee by the Company and (b) at such other times as the Trustee may request in writing within 30
days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days
prior to the time such list is furnished; provided, however, that, in either case, no such list need be furnished for any series
for which the Trustee shall be the Security Registrar.

 

Section
5.02.Preservation Of Information; Communications With Securityholders.

 

		(a)	The
                                                                                                  Trustee shall preserve, in as
                                                                                                  current a form as is reasonably
                                                                                                  practicable, all information
                                                                                                  as to the names and addresses
                                                                                                  of the holders of Securities
                                                                                                  contained in the most recent
                                                                                                  list furnished to it as provided
                                                                                                  in Section 5.01 and as to the
                                                                                                  names and addresses of holders
                                                                                                  of Securities received by the
                                                                                                  Trustee in its capacity as Security
                                                                                                  Registrar (if acting in such
                                                                                                  capacity) and shall otherwise
                                                                                                  comply with Section 312(a) of
                                                                                                  the Trust Indenture Act. 

 

		(b)	The
                                                                                                  Trustee may destroy any list
                                                                                                  furnished to it as provided
                                                                                                  in Section 5.01 upon receipt
                                                                                                  of a new list so furnished.
                                                                                                  

 

		(c)	Securityholders
                                                                                                  may communicate as provided
                                                                                                  in Section 312(b) of the Trust
                                                                                                  Indenture Act with other Securityholders
                                                                                                  with respect to their rights
                                                                                                  under this Indenture or under
                                                                                                  the Securities. 

 

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Section
5.03.Reports by the Company.

 

		(a)	The
                                                                                                  Company covenants and agrees
                                                                                                  to file with the Trustee, within
                                                                                                  15 days after the Company is
                                                                                                  required to file the same with
                                                                                                  the Commission, copies of the
                                                                                                  annual reports and of the information,
                                                                                                  documents and other reports
                                                                                                  (or copies of such portions
                                                                                                  of any of the foregoing as the
                                                                                                  Commission may from time to
                                                                                                  time by rules and regulations
                                                                                                  prescribe) that the Company
                                                                                                  may be required to file with
                                                                                                  the Commission pursuant to Section
                                                                                                  13 or Section 15(d) of the Exchange
                                                                                                  Act; or, if the Company is not
                                                                                                  required to file information,
                                                                                                  documents or reports pursuant
                                                                                                  to either of such sections,
                                                                                                  then to file with the Trustee
                                                                                                  and the Commission, in accordance
                                                                                                  with the rules and regulations
                                                                                                  prescribed from time to time
                                                                                                  by the Commission, such of the
                                                                                                  supplementary and periodic information,
                                                                                                  documents and reports that may
                                                                                                  be required pursuant to Section
                                                                                                  13 of the Exchange Act, in respect
                                                                                                  of a security listed and registered
                                                                                                  on a national securities exchange
                                                                                                  as may be prescribed from time
                                                                                                  to time in such rules and regulations;
                                                                                                  provided, however, the Company
                                                                                                  shall not be required to deliver
                                                                                                  to the Trustee any materials
                                                                                                  for which the Company has sought
                                                                                                  and received confidential treatment
                                                                                                  by the Commission. The Company
                                                                                                  also shall comply with the other
                                                                                                  provisions of Section 314(a)
                                                                                                  of the Trust Indenture Act.
                                                                                                  

 

		(b)	The
                                                                                                  Company covenants and agrees
                                                                                                  to file with the Trustee and
                                                                                                  the Commission, in accordance
                                                                                                  with the rules and regulations
                                                                                                  prescribed from to time by the
                                                                                                  Commission, such additional
                                                                                                  information, documents and reports
                                                                                                  with respect to compliance by
                                                                                                  the Company with the conditions
                                                                                                  and covenants provided for in
                                                                                                  this Indenture as may be required
                                                                                                  from time to time by such rules
                                                                                                  and regulations. 

 

		(c)	The
                                                                                                  Company covenants and agrees
                                                                                                  to transmit by mail, first class
                                                                                                  postage prepaid, or reputable
                                                                                                  over-night delivery service
                                                                                                  that provides for evidence of
                                                                                                  receipt, to the Securityholders,
                                                                                                  as their names and addresses
                                                                                                  appear upon the Security Register,
                                                                                                  within 30 days after the filing
                                                                                                  thereof with the Trustee, such
                                                                                                  summaries of any information,
                                                                                                  documents and reports required
                                                                                                  to be filed by the Company pursuant
                                                                                                  to subsections (a) and (b) of
                                                                                                  this Section as may be required
                                                                                                  by rules and regulations prescribed
                                                                                                  from time to time by the Commission.
                                                                                                  

 

Section
5.04.Reports by the Trustee.

 

		(a)	The
                                                                                                  Trustee shall transmit to holders
                                                                                                  as provided in Section 313 of
                                                                                                  the Trust Indenture Act such
                                                                                                  reports concerning the Trustee
                                                                                                  and its actions under this Indenture
                                                                                                  as may be required by Section
                                                                                                  313 of the Trust Indenture Act
                                                                                                  at the times and in the manner
                                                                                                  provided by the Trust Indenture
                                                                                                  Act. 

 

		(b)	A
                                                                                                  copy of each such report shall,
                                                                                                  at the time of such transmission
                                                                                                  to Securityholders, be filed
                                                                                                  by the Trustee with the Company,
                                                                                                  with each stock exchange upon
                                                                                                  which any Securities are listed
                                                                                                  (if so listed) and, if required
                                                                                                  by Section 313 of the Trust
                                                                                                  Indenture Act, also with the
                                                                                                  Commission. The Company agrees
                                                                                                  to notify the Trustee when any
                                                                                                  Securities become listed on
                                                                                                  any stock exchange. 

 

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Article
VI

 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS 

ON EVENT OF DEFAULT

 

Section
6.01.Events of Default.

 

		(a)	Whenever
                                                                                                  used herein with respect to
                                                                                                  Securities of a particular series,
                                                                                                  “Event of Default”
                                                                                                  means any one or more of the
                                                                                                  following events that has occurred
                                                                                                  and is continuing: 

 

		(1)	the
                                                                                                  Company defaults in the payment
                                                                                                  of any installment of interest
                                                                                                  upon any of the Securities of
                                                                                                  that series, as and when the
                                                                                                  same shall become due and payable,
                                                                                                  and continuance of such default
                                                                                                  for a period of 90 days; provided,
                                                                                                  however, that a valid extension
                                                                                                  of an interest payment period
                                                                                                  by the Company in accordance
                                                                                                  with the terms of any indenture
                                                                                                  supplemental hereto shall not
                                                                                                  constitute a default in the
                                                                                                  payment of interest for this
                                                                                                  purpose; 

 

		(2)	the
                                                                                                  Company defaults in the payment
                                                                                                  of the principal of (or premium,
                                                                                                  if any, on) any of the Securities
                                                                                                  of that series as and when the
                                                                                                  same shall become due and payable
                                                                                                  whether at maturity, upon redemption,
                                                                                                  by declaration or otherwise,
                                                                                                  or in any payment required by
                                                                                                  any sinking or analogous fund
                                                                                                  established with respect to
                                                                                                  that series; provided, however,
                                                                                                  that a valid extension of the
                                                                                                  maturity of such Securities
                                                                                                  in accordance with the terms
                                                                                                  of any indenture supplemental
                                                                                                  hereto shall not constitute
                                                                                                  a default in the payment of
                                                                                                  principal or premium, if any;
                                                                                                  

 

		(3)	the
                                                                                                  Company fails to observe or
                                                                                                  perform any other of its covenants
                                                                                                  or agreements with respect to
                                                                                                  that series contained in this
                                                                                                  Indenture or otherwise established
                                                                                                  with respect to that series
                                                                                                  of Securities pursuant to Section
                                                                                                  2.01 hereof (other than a covenant
                                                                                                  or agreement that has been expressly
                                                                                                  included in this Indenture solely
                                                                                                  for the benefit of one or more
                                                                                                  series of Securities other than
                                                                                                  such series) for a period of
                                                                                                  90 days after the date on which
                                                                                                  written notice of such failure,
                                                                                                  requiring the same to be remedied
                                                                                                  and stating that such notice
                                                                                                  is a “Notice of Default”
                                                                                                  hereunder, shall have been given
                                                                                                  to the Company by the Trustee,
                                                                                                  by registered or certified mail,
                                                                                                  or to the Company and the Trustee
                                                                                                  by the holders of not less than
                                                                                                  a majority in principal amount
                                                                                                  of the Securities of that series
                                                                                                  at the time Outstanding; 

 

		(4)	the
                                                                                                  Company pursuant to or within
                                                                                                  the meaning of any Bankruptcy
                                                                                                  Law (i) commences a voluntary
                                                                                                  case, (ii) consents to the entry
                                                                                                  of an order for relief against
                                                                                                  it in an involuntary case, (iii)
                                                                                                  consents to the appointment
                                                                                                  of a Custodian of it or for
                                                                                                  all or substantially all of
                                                                                                  its property or (iv) makes a
                                                                                                  general assignment for the benefit
                                                                                                  of its creditors; or 

 

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		(5)	a
                                                                                                  court of competent jurisdiction
                                                                                                  enters an order under any Bankruptcy
                                                                                                  Law that (i) is for relief against
                                                                                                  the Company in an involuntary
                                                                                                  case, (ii) appoints a Custodian
                                                                                                  of the Company for all or substantially
                                                                                                  all of its property, or (iii)
                                                                                                  orders the liquidation of the
                                                                                                  Company, and the order or decree
                                                                                                  remains unstayed and in effect
                                                                                                  for 90 consecutive days. 

 

		(b)	In
                                                                                                  each and every such case, unless
                                                                                                  the principal of all the Securities
                                                                                                  of that series shall have already
                                                                                                  become due and payable, either
                                                                                                  the Trustee or the holders of
                                                                                                  not less than a majority in
                                                                                                  aggregate principal amount of
                                                                                                  the Securities of that series
                                                                                                  then Outstanding hereunder,
                                                                                                  by notice in writing to the
                                                                                                  Company (and to the Trustee
                                                                                                  if given by such Securityholders),
                                                                                                  may declare the principal (or,
                                                                                                  if any Securities of that series
                                                                                                  are discount securities, that
                                                                                                  portion of the principal amount
                                                                                                  as may be specified in the terms
                                                                                                  of that series pursuant to Section
                                                                                                  2.01(a)(16)) of (and premium,
                                                                                                  if any, on) and accrued and
                                                                                                  unpaid interest, if any, on
                                                                                                  all the Securities of that series
                                                                                                  to be due and payable immediately,
                                                                                                  and upon any such declaration
                                                                                                  the same shall become and shall
                                                                                                  be immediately due and payable.
                                                                                                  Notwithstanding the foregoing,
                                                                                                  the payment of such principal
                                                                                                  (or, if any Securities of that
                                                                                                  series are discount securities,
                                                                                                  that portion of the principal
                                                                                                  amount as may be specified in
                                                                                                  the terms of that series pursuant
                                                                                                  to Section 2.01(a)(16)) of (and
                                                                                                  premium, if any, on) and accrued
                                                                                                  and unpaid interest, if any,
                                                                                                  on the Securities of such series
                                                                                                  shall remain subordinated to
                                                                                                  the extent provided in Article
                                                                                                  XIV. 

 

		(c)	At
                                                                                                  any time after the principal
                                                                                                  of the Securities of that series
                                                                                                  shall have been so declared
                                                                                                  due and payable, and before
                                                                                                  a judgment or decree for the
                                                                                                  payment of the moneys due shall
                                                                                                  have been obtained or entered
                                                                                                  as hereinafter provided, the
                                                                                                  holders of a majority in aggregate
                                                                                                  principal amount of the Securities
                                                                                                  of that series then Outstanding
                                                                                                  hereunder (or, by action at
                                                                                                  a meeting of holders of the
                                                                                                  Securities of such series in
                                                                                                  accordance with Section 8.09,
                                                                                                  the holders of a majority in
                                                                                                  aggregate principal amount of
                                                                                                  the Securities of such series
                                                                                                  then Outstanding represented
                                                                                                  at such meeting), by written
                                                                                                  notice to the Company and the
                                                                                                  Trustee, may rescind and annul
                                                                                                  such declaration and its consequences
                                                                                                  if: (i) the Company has paid
                                                                                                  or deposited with the Trustee
                                                                                                  a sum sufficient to pay all
                                                                                                  matured installments of interest
                                                                                                  upon all the Securities of that
                                                                                                  series and the principal of
                                                                                                  (and premium, if any, on) any
                                                                                                  and all Securities of that series
                                                                                                  that shall have become due otherwise
                                                                                                  than by acceleration and (ii)
                                                                                                  any and all Events of Default
                                                                                                  under this Indenture with respect
                                                                                                  to such series, other than the
                                                                                                  nonpayment of principal of (and
                                                                                                  premium, if any, on) and accrued
                                                                                                  and unpaid interest, if any,
                                                                                                  on Securities of that series
                                                                                                  that shall have become due solely
                                                                                                  because of such acceleration,
                                                                                                  shall have been remedied, cured
                                                                                                  or waived as provided in Section
                                                                                                  6.06. No such rescission and
                                                                                                  annulment shall extend to or
                                                                                                  shall affect any subsequent
                                                                                                  default or impair any right
                                                                                                  consequent thereon. 

 

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		(d)	In
                                                                                                  case the Trustee shall have
                                                                                                  proceeded to enforce any right
                                                                                                  with respect to Securities of
                                                                                                  that series under this Indenture
                                                                                                  and such proceedings shall have
                                                                                                  been discontinued or abandoned
                                                                                                  because of such rescission or
                                                                                                  annulment or for any other reason
                                                                                                  or shall have been determined
                                                                                                  adversely to the Trustee, then
                                                                                                  and in every such case, subject
                                                                                                  to any determination in such
                                                                                                  proceedings, the Company, and
                                                                                                  the Trustee shall be restored
                                                                                                  respectively to their former
                                                                                                  positions and rights hereunder,
                                                                                                  and all rights, remedies and
                                                                                                  powers of the Company and the
                                                                                                  Trustee shall continue as though
                                                                                                  no such proceedings had been
                                                                                                  taken. 

 

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

 

		(a)	The
                                                                                                  Company covenants that (1) in
                                                                                                  case it shall default in the
                                                                                                  payment of any installment of
                                                                                                  interest on any of the Securities
                                                                                                  of a series, or any payment
                                                                                                  required by any sinking or analogous
                                                                                                  fund established with respect
                                                                                                  to that series as and when the
                                                                                                  same shall have become due and
                                                                                                  payable, and such default shall
                                                                                                  have continued for a period
                                                                                                  of 90 Business Days, or (2)
                                                                                                  in case it shall default in
                                                                                                  the payment of the principal
                                                                                                  of (or premium, if any, on)
                                                                                                  any of the Securities of a series
                                                                                                  when the same shall have become
                                                                                                  due and payable, whether upon
                                                                                                  maturity of the Securities of
                                                                                                  a series or upon redemption
                                                                                                  or upon declaration or otherwise,
                                                                                                  then, upon demand of the Trustee,
                                                                                                  the Company will pay to the
                                                                                                  Trustee, for the benefit of
                                                                                                  the holders of the Securities
                                                                                                  of that series, the whole amount
                                                                                                  that then shall have been become
                                                                                                  due and payable on all such
                                                                                                  Securities for principal (and
                                                                                                  premium, if any) or interest,
                                                                                                  or both, as the case may be,
                                                                                                  with interest upon the overdue
                                                                                                  principal (and premium, if any)
                                                                                                  and (to the extent that payment
                                                                                                  of such interest is enforceable
                                                                                                  under applicable law) upon overdue
                                                                                                  installments of interest at
                                                                                                  the rate per annum expressed
                                                                                                  in the Securities of that series;
                                                                                                  and, in addition thereto, such
                                                                                                  further amount as shall be sufficient
                                                                                                  to cover the costs and expenses
                                                                                                  of collection, and the amount
                                                                                                  payable to the Trustee under
                                                                                                  Section 7.06. 

 

		(b)	If
                                                                                                  the Company shall fail to pay
                                                                                                  such amounts forthwith upon
                                                                                                  such demand, the Trustee, in
                                                                                                  its own name and as trustee
                                                                                                  of an express trust, shall be
                                                                                                  entitled and empowered to institute
                                                                                                  any action or proceedings at
                                                                                                  law or in equity for the collection
                                                                                                  of the sums so due and unpaid,
                                                                                                  and may prosecute any such action
                                                                                                  or proceeding to judgment or
                                                                                                  final decree, and may enforce
                                                                                                  any such judgment or final decree
                                                                                                  against the Company or other
                                                                                                  obligor upon the Securities
                                                                                                  of that series and collect the
                                                                                                  moneys adjudged or decreed to
                                                                                                  be payable in the manner provided
                                                                                                  by law out of the property of
                                                                                                  the Company or other obligor
                                                                                                  upon the Securities of that
                                                                                                  series, wherever situated. 

 

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		(c)	In
                                                                                                  case of any receivership, insolvency,
                                                                                                  liquidation, bankruptcy, reorganization,
                                                                                                  readjustment, arrangement, composition
                                                                                                  or judicial proceedings affected
                                                                                                  the Company, or its creditors
                                                                                                  or property, the Trustee shall
                                                                                                  have power to intervene in such
                                                                                                  proceedings and take any action
                                                                                                  therein that may be permitted
                                                                                                  by the court and shall (except
                                                                                                  as may be otherwise provided
                                                                                                  by law) be entitled to file
                                                                                                  such proofs of claim and other
                                                                                                  papers and documents as may
                                                                                                  be necessary or advisable in
                                                                                                  order to have the claims of
                                                                                                  the Trustee and of the holders
                                                                                                  of Securities of such series
                                                                                                  allowed for the entire amount
                                                                                                  due and payable by the Company
                                                                                                  under this Indenture at the
                                                                                                  date of institution of such
                                                                                                  proceedings and for any additional
                                                                                                  amount that may become due and
                                                                                                  payable by the Company after
                                                                                                  such date, and to collect and
                                                                                                  receive any moneys or other
                                                                                                  property payable or deliverable
                                                                                                  on any such claim, and to distribute
                                                                                                  the same after the deduction
                                                                                                  of the amount payable to the
                                                                                                  Trustee under Section 7.06;
                                                                                                  and any receiver, assignee or
                                                                                                  trustee in bankruptcy or reorganization
                                                                                                  is hereby authorized by each
                                                                                                  of the holders of Securities
                                                                                                  of such series to make such
                                                                                                  payments to the Trustee, and,
                                                                                                  in the event that the Trustee
                                                                                                  shall consent to the making
                                                                                                  of such payments directly to
                                                                                                  such Securityholders, to pay
                                                                                                  to the Trustee any amount due
                                                                                                  it under Section 7.06. 

  

		(d)	All
                                                                                                  rights of action and of asserting
                                                                                                  claims under this Indenture,
                                                                                                  or under any of the terms established
                                                                                                  with respect to Securities of
                                                                                                  that series, may be enforced
                                                                                                  by the Trustee without the possession
                                                                                                  of any of such Securities, or
                                                                                                  the production thereof at any
                                                                                                  trial or other proceeding relative
                                                                                                  thereto, and any such suit or
                                                                                                  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 payment to the Trustee of
                                                                                                  any amounts due under Section
                                                                                                  7.06, be for the ratable benefit
                                                                                                  of the holders of the Securities
                                                                                                  of such series. 

 

In
case of an Event of Default hereunder, the Trustee may in its discretion proceed to protect and enforce the rights vested in it
by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any
of such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant
or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other
legal or equitable right vested in the Trustee by this Indenture or by law.

 

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

 

Section
6.03.Application of Moneys Collected.

 

Any
moneys collected by the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in
the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal
(or premium, if any) or interest, upon presentation of the Securities of that series, and notation thereon the payment, if only
partially paid, and upon surrender thereof if fully paid:

 

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FIRST:
To the payment of costs and expenses of collection and of all amounts payable to the Trustee under Section 7.06;

 

SECOND:
To the payment of all Senior Indebtedness of the Company if and to the extent required by Article XIV; and

 

THIRD:
To the payment of the amounts then due and unpaid upon Securities of such series for principal (and premium, if any) and interest,
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 premium, if any) and interest, respectively.

 

Section
6.04.Limitation on Suits.

 

No
holder of any Security of any series shall have any right by virtue or by availing of any provision of this Indenture to institute
any suit, action or proceeding in equity or at law upon or under or with respect to this Indenture or for the appointment of a
receiver or trustee, or for any other remedy hereunder, unless (i) such holder previously shall have given to the Trustee written
notice of an Event of Default and of the continuance thereof with respect to the Securities of such series specifying such Event
of Default, as hereinbefore provided; (ii) the holders of not less than a majority in aggregate principal amount of the Securities
of such series then Outstanding shall have made written request upon the Trustee to institute such action, suit or proceeding
in its own name as trustee hereunder; (iii) such holder or holders shall have offered to the Trustee such reasonable indemnity
as it may require against the costs, expenses and liabilities to be incurred therein or thereby; and (iv) the Trustee for 60 days
after its receipt of such notice, request and offer of indemnity, shall have failed to institute any such action, suit or proceeding
and (v) during such 60 day period, the holders of a majority in principal amount of the Securities of that series (or such amount
as shall have acted at a meeting of the holders of Securities of such series pursuant to the provisions of this Indenture) do
not give the Trustee a direction inconsistent with the request; provided, however, that no one or more of such holders may use
this Indenture to prejudice the rights of another holder or to obtain preference or priority over another holder.

 

Notwithstanding
anything contained herein to the contrary, any other provisions of this Indenture, the right of any holder of any Security to
receive payment of the principal of (and premium, if any) and interest on such Security, as therein provided, on or after the
respective due dates expressed in such Security (or in the case of redemption, on the redemption date), or to institute suit for
the enforcement of any such payment on or after such respective dates or redemption date, shall not be impaired or affected without
the consent of such holder and by accepting a Security hereunder it is expressly understood, intended and covenanted by the taker
and holder of every Security of such series with every other such taker and holder and the Trustee, that no one or more holders
of Securities of such series shall have any right in any manner whatsoever by virtue or by availing of any provision of this Indenture
to affect, disturb or prejudice the rights of the holders of any other of such Securities, or to obtain or seek to obtain priority
over or preference to any other such holder, or to enforce any right under this Indenture, except in the manner herein provided
and for the equal, ratable and common benefit of all holders of Securities of such series. For the protection and enforcement
of the provisions of this Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be given
either at law or in equity.

 

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Section
6.05.Rights and Remedies Cumulative; Delay or Omission Not Waiver.

 

		(a)	Except
                                                                                                  as otherwise provided in Section
                                                                                                  2.07, all powers and remedies
                                                                                                  given by this Article to the
                                                                                                  Trustee or to the Securityholders
                                                                                                  shall, to the extent permitted
                                                                                                  by law, be deemed cumulative
                                                                                                  and not exclusive of any other
                                                                                                  powers and remedies available
                                                                                                  to the Trustee or the holders
                                                                                                  of the Securities, by judicial
                                                                                                  proceedings or otherwise, to
                                                                                                  enforce the performance or observance
                                                                                                  of the covenants and agreements
                                                                                                  contained in this Indenture
                                                                                                  or otherwise established with
                                                                                                  respect to such Securities.
                                                                                                  

 

		(b)	No
                                                                                                  delay or omission of the Trustee
                                                                                                  or of any holder of any of the
                                                                                                  Securities to exercise any right
                                                                                                  or power accruing upon any Event
                                                                                                  of Default occurring and continuing
                                                                                                  as aforesaid shall impair any
                                                                                                  such right or power, or shall
                                                                                                  be construed to be a waiver
                                                                                                  of any such default or on acquiescence
                                                                                                  therein; and, subject to the
                                                                                                  provisions of Section 6.04,
                                                                                                  every power and remedy given
                                                                                                  by this Article or by law to
                                                                                                  the Trustee or the Securityholders
                                                                                                  may be exercised from time to
                                                                                                  time, and as often as shall
                                                                                                  be deemed expedient, by the
                                                                                                  Trustee or by the Securityholders.
                                                                                                  

 

Section
6.06.Control by Securityholders.

 

The
holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding, determined in accordance
with Section 8.01, 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 such series; provided, however, that
such direction shall not be in conflict with any rule of law or with this Indenture or be unduly prejudicial to the rights of
holders of Securities of any other series at the time Outstanding determined in accordance with Section 8.01. Subject to the provisions
of Section 7.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall,
by a Responsible Officer or Officers of the Trustee, determine that the proceeding so directed would involve the Trustee in personal
liability.

 

The
holders either (a) through the written consent of not less than a majority in aggregate principal amount of the Securities of
any series at the time Outstanding or (b) by action at a meeting of holders of the Securities of such series in accordance with
Section 8.09, by the holders of a majority in aggregate principal amount of the Securities of such series then Outstanding represented
at such meeting, may on behalf of the holders of all of the Securities of such series waive any past default in the performance
of any of the covenants contained herein or established pursuant to Section 2.01 with respect to such series and its consequences,
except a default in the payment of the principal of, or premium, if any, or interest on, any of the Securities of that series
as and when the same shall become due by the terms of such Securities otherwise than by acceleration (unless such default has
been cured and a sum sufficient to pay all matured installments of interest and principal and any premium has been deposited with
the Trustee (in accordance with Section 6.01(c)) and except in respect a provision hereof which, under Section 9.02, cannot be
modified or amended without the consent of the holders of each Outstanding Security affected; provided however that this Section
shall not limit the right of holders of Securities of a series to rescind and annul any acceleration as set forth in Section 6.01.
Upon any such waiver, the default covered thereby shall be deemed to be cured for all purposes of this Indenture and the Company,
the Trustee and the holders of the Securities of such series shall be restored to their former positions and rights hereunder,
respectively; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. The provisions
which otherwise would be automatically deemed to be contained in this Indenture pursuant to Section 316(a)(1) of the Trust Indenture
Act are hereby expressly excluded from this Indenture, except to the extent such provisions are expressly included herein.

 

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Section
6.07.Undertaking to Pay Costs.

 

All
parties to this Indenture agree, and each holder of any Securities by such holder’s 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 or omitted by it as Trustee, the filing by any party litigant in such
suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including
reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the
claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the
Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding more than 10% in aggregate principal
amount of the Outstanding Securities of any series, or to any suit instituted by any Securityholder for the enforcement of the
payment of the principal of (or premium, if any) or interest on any Security of such series, on or after the respective due dates
expressed in such Security or established pursuant to this Indenture.

 

Article
VII

 

CONCERNING THE TRUSTEE

 

Section
7.01.Certain Duties and Responsibilities of Trustee.

 

		(a)	The
                                                                                                  Trustee, prior to the occurrence
                                                                                                  of an Event of Default with
                                                                                                  respect to the Securities of
                                                                                                  a series and after the curing
                                                                                                  of all Events of Default with
                                                                                                  respect to the Securities of
                                                                                                  that series that may have occurred,
                                                                                                  shall undertake to perform with
                                                                                                  respect to the Securities of
                                                                                                  such series such duties and
                                                                                                  only such duties as are specifically
                                                                                                  set forth in this Indenture,
                                                                                                  and no implied covenants shall
                                                                                                  be read into this Indenture
                                                                                                  against the Trustee. In case
                                                                                                  an Event of Default with respect
                                                                                                  to the Securities of a series
                                                                                                  has occurred (that has not been
                                                                                                  cured or waived), the Trustee
                                                                                                  shall exercise with respect
                                                                                                  to Securities of that series
                                                                                                  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 man would exercise
                                                                                                  or use under the circumstances
                                                                                                  in the conduct of his own affairs.
                                                                                                  

 

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

 

		(1)	prior
                                                                                                  to the occurrence of an Event
                                                                                                  of Default with respect to the
                                                                                                  Securities of a series and after
                                                                                                  the curing or waiving of all
                                                                                                  such Events of Default with
                                                                                                  respect to that series that
                                                                                                  may have occurred: 

 

		(i)	the
                                                                                                   duties and obligations of the
                                                                                                   Trustee shall with respect
                                                                                                   to the Securities of such series
                                                                                                   be determined solely by the
                                                                                                   express provisions of this
                                                                                                   Indenture, and the Trustee
                                                                                                   shall not be liable with respect
                                                                                                   to the Securities of such series
                                                                                                   except for the performance
                                                                                                   of such duties and obligations
                                                                                                   as are specifically set forth
                                                                                                   in this Indenture, and no implied
                                                                                                   covenants or obligations shall
                                                                                                   be read into this Indenture
                                                                                                   against the Trustee; and 

 

		(ii)	in
                                                                                                    the absence of bad faith on
                                                                                                    the part of the Trustee, the
                                                                                                    Trustee may with respect to
                                                                                                    the Securities of such series
                                                                                                    conclusively rely, as to the
                                                                                                    truth of the statements and
                                                                                                    the correctness of the opinions
                                                                                                    expressed therein, upon any
                                                                                                    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 that 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 requirement
                                                                                                    of this Indenture; 

 

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

 

		(3)	the
                                                                                                  Trustee shall not be liable
                                                                                                  with respect to any action taken
                                                                                                  or omitted to be taken by it
                                                                                                  in good faith in accordance
                                                                                                  with the direction of the holders
                                                                                                  of not less than a majority
                                                                                                  in principal amount of the Securities
                                                                                                  of any series at the time Outstanding
                                                                                                  relating to the time, method
                                                                                                  and place of conducting any
                                                                                                  proceeding for any remedy available
                                                                                                  to the Trustee, or exercising
                                                                                                  any trust or power conferred
                                                                                                  upon the Trustee under this
                                                                                                  Indenture with respect to the
                                                                                                  Securities of that series; and
                                                                                                  

 

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

 

Section
7.02.Certain Rights of Trustee.

 

Except
as otherwise provided in Section 7.01:

 

		(a)	The
                                                                                                  Trustee may rely and shall be
                                                                                                  protected in acting or refraining
                                                                                                  from acting upon any resolution,
                                                                                                  certificate, statement, instrument,
                                                                                                  opinion, report, notice, request,
                                                                                                  consent, order, approval, bond,
                                                                                                  security 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, direction, order or
                                                                                                  demand of the Company mentioned
                                                                                                  herein shall be sufficiently
                                                                                                  evidenced by a Board Resolution
                                                                                                  or an instrument signed in the
                                                                                                  name of the Company, by the
                                                                                                  President or any Vice President
                                                                                                  and by the Secretary or an Assistant
                                                                                                  Secretary or the Treasurer or
                                                                                                  an Assistant Treasurer thereof
                                                                                                  (unless other evidence in respect
                                                                                                  thereof is specifically prescribed
                                                                                                  herein); 

 

		(c)	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 or suffered
                                                                                                  or omitted hereunder in good
                                                                                                  faith and in reliance thereon;
                                                                                                  

 

		(d)	The
                                                                                                  Trustee shall be under no obligation
                                                                                                  to exercise any of the rights
                                                                                                  or powers vested in it by this
                                                                                                  Indenture at the request, order
                                                                                                  or direction of any of the Securityholders,
                                                                                                  pursuant to the provisions of
                                                                                                  this Indenture, unless such
                                                                                                  Securityholders shall have offered
                                                                                                  to the Trustee reasonable security
                                                                                                  or indemnity against the costs,
                                                                                                  expenses and liabilities that
                                                                                                  may be incurred therein or thereby;
                                                                                                  nothing contained herein shall,
                                                                                                  however, relieve the Trustee
                                                                                                  of the obligation, upon the
                                                                                                  occurrence of an Event of Default
                                                                                                  with respect to a series of
                                                                                                  the Securities (that has not
                                                                                                  been cured or waived) to exercise
                                                                                                  with respect to Securities of
                                                                                                  that series such of the rights
                                                                                                  and powers vested in it by this
                                                                                                  Indenture, and to use the same
                                                                                                  degree of care and skill in
                                                                                                  their exercise, as a prudent
                                                                                                  man would exercise or use under
                                                                                                  the circumstances in the conduct
                                                                                                  of his own affairs; 

 

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

 

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		(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, consent,
                                                                                                  order, approval, bond, security,
                                                                                                  or other papers or documents,
                                                                                                  unless requested in writing
                                                                                                  so to do by the holders of not
                                                                                                  less than a majority in principal
                                                                                                  amount of the Outstanding Securities
                                                                                                  of the particular series affected
                                                                                                  thereby (determined as provided
                                                                                                  in Section 8.04); provided,
                                                                                                  however, that if the payment
                                                                                                  within a reasonable time to
                                                                                                  the Trustee of the costs, expenses
                                                                                                  or liabilities likely to be
                                                                                                  incurred by it in the making
                                                                                                  of such investigation is, in
                                                                                                  the opinion of the Trustee,
                                                                                                  not reasonably assured to the
                                                                                                  Trustee by the security afforded
                                                                                                  to it by the terms of this Indenture,
                                                                                                  the Trustee may require reasonable
                                                                                                  indemnity against such costs,
                                                                                                  expenses or liabilities as a
                                                                                                  condition to so proceeding.
                                                                                                  The reasonable expense of every
                                                                                                  such examination shall be paid
                                                                                                  by the Company or, if paid by
                                                                                                  the Trustee, shall be repaid
                                                                                                  by the Company upon demand;
                                                                                                  and 

 

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

 

Section
7.03.Trustee Not Responsible for Recitals or Issuance of Securities.

 

		(a)	The
                                                                                                  recitals contained herein and
                                                                                                  in the Securities shall be taken
                                                                                                  as the statements of the Company,
                                                                                                  and the Trustee assumes no responsibility
                                                                                                  for the correctness of the same.
                                                                                                  

 

		(b)	The
                                                                                                  Trustee makes no representations
                                                                                                  as to the validity or sufficiency
                                                                                                  of this Indenture or of the
                                                                                                  Securities. 

 

		(c)	The
                                                                                                  Trustee shall not be accountable
                                                                                                  for the use or application by
                                                                                                  the Company of any of the Securities
                                                                                                  or of the proceeds of such Securities,
                                                                                                  or for the use or application
                                                                                                  of any moneys paid over by the
                                                                                                  Trustee in accordance with any
                                                                                                  provision of this Indenture
                                                                                                  or established pursuant to Section
                                                                                                  2.01, or for the use or application
                                                                                                  of any moneys received by any
                                                                                                  paying agent other than the
                                                                                                  Trustee. 

 

Section
7.04.May Hold Securities.

 

The
Trustee or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of
Securities with the same rights it would have if it were not Trustee, paying agent or Security Registrar.

 

Section
7.05.Moneys Held in Trust.

 

Subject
to the provisions of Section 11.05, all moneys received by the Trustee shall, until used or applied as herein provided, be held
in trust for the purposes for which they were received, but 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 moneys received by it hereunder except such as it may agree
with the Company to pay thereon.

 

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Section
7.06.Compensation and Reimbursement.

 

		(a)	The
                                                                                                  Company covenants and agrees
                                                                                                  to pay to the Trustee, and the
                                                                                                  Trustee shall be entitled to,
                                                                                                  such reasonable compensation
                                                                                                  (which shall not be limited
                                                                                                  by any provision of law in regard
                                                                                                  to the compensation of a trustee
                                                                                                  of an express trust), as the
                                                                                                  Company, and the Trustee may
                                                                                                  from time to time agree in writing,
                                                                                                  for all services rendered by
                                                                                                  it in the execution of the trusts
                                                                                                  hereby created and in the exercise
                                                                                                  and performance of any of the
                                                                                                  powers and duties hereunder
                                                                                                  of the Trustee, and, except
                                                                                                  as otherwise expressly provided
                                                                                                  herein, the Company will pay
                                                                                                  or reimburse the Trustee upon
                                                                                                  its request for all reasonable
                                                                                                  expenses, disbursements and
                                                                                                  advances incurred or made by
                                                                                                  the Trustee in accordance with
                                                                                                  any of the provisions of this
                                                                                                  Indenture (including the reasonable
                                                                                                  compensation and the expenses
                                                                                                  and disbursements of its counsel
                                                                                                  and of all Persons not regularly
                                                                                                  in its employ) except any such
                                                                                                  expense, disbursement or advance
                                                                                                  as may arise from its negligence
                                                                                                  or bad faith. The Company also
                                                                                                  covenants to indemnify the Trustee
                                                                                                  (and its officers, agents, directors
                                                                                                  and employees) for, and to hold
                                                                                                  it harmless against, any loss,
                                                                                                  liability or expense incurred
                                                                                                  without negligence or bad faith
                                                                                                  on the part of the Trustee and
                                                                                                  arising out of or in connection
                                                                                                  with the acceptance or administration
                                                                                                  of this trust, including the
                                                                                                  costs and expenses of defending
                                                                                                  itself against any claim of
                                                                                                  liability in the premises. 

 

		(b)	The
                                                                                                  obligations of the Company under
                                                                                                  this Section to compensate and
                                                                                                  indemnify the Trustee and to
                                                                                                  pay or reimburse the Trustee
                                                                                                  for expenses, disbursements
                                                                                                  and advances shall constitute
                                                                                                  additional indebtedness hereunder.
                                                                                                  Such additional indebtedness
                                                                                                  shall be secured by a lien prior
                                                                                                  to that of the Securities upon
                                                                                                  all property and funds held
                                                                                                  or collected by the Trustee
                                                                                                  as such, except funds held in
                                                                                                  trust for the benefit of the
                                                                                                  holders of particular Securities.
                                                                                                  

 

Section
7.07.Reliance on Officers’ Certificate.

 

Except
as otherwise provided in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem
it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting to take any action hereunder,
such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or
bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate delivered
to the Trustee and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant
to the Trustee for any action taken, suffered or omitted to be taken by it under the provisions of this Indenture upon the faith
thereof.

 

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Section
7.08.Disqualification; Conflicting Interests.

 

If
the Trustee has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture
Act, the Trustee and the Company shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act.

 

Section
7.09.Corporate Trustee Required; Eligibility.

 

There
shall at all times be a Trustee with respect to the Securities issued hereunder which shall at all times be a corporation organized
and doing business under the laws of the United States of America or any State or Territory thereof or of the District of Columbia,
or a corporation or other Person permitted to act as trustee by the Commission, authorized under such laws to exercise corporate
trust powers, having a combined capital and surplus of at least 50 million U.S. dollars ($50,000,000), and subject to supervision
or examination by Federal, State, Territorial, or District of Columbia authority. If such corporation publishes reports of condition
at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes
of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as
set forth in its most recent report of condition so published. The Company may not, nor may any Person directly or indirectly
controlling, controlled by, or under common control with the Company, serve as Trustee. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and
with the effect specified in Section 7.10.

 

Section
7.10.Resignation and Removal; Appointment of Successor.

 

		(a)	The
                                                                                                  Trustee or any successor hereafter
                                                                                                  appointed, may at any time resign
                                                                                                  with respect to the Securities
                                                                                                  of one or more series by giving
                                                                                                  written notice thereof to the
                                                                                                  Company and by transmitting
                                                                                                  notice of resignation by mail,
                                                                                                  first class postage prepaid,
                                                                                                  to the Securityholders of such
                                                                                                  series, as their names and addresses
                                                                                                  appear upon the Security Register.
                                                                                                  Upon receiving such notice of
                                                                                                  resignation, the Company shall
                                                                                                  promptly appoint a successor
                                                                                                  trustee with respect to Securities
                                                                                                  of such series by written instrument,
                                                                                                  in duplicate, executed by order
                                                                                                  of the Board of Directors, one
                                                                                                  copy of which instrument shall
                                                                                                  be delivered to the resigning
                                                                                                  Trustee and one copy to the
                                                                                                  successor trustee. If no successor
                                                                                                  trustee shall have been so appointed
                                                                                                  and have accepted appointment
                                                                                                  within 30 days after the mailing
                                                                                                  of such notice of resignation,
                                                                                                  the resigning Trustee may petition
                                                                                                  any court of competent jurisdiction
                                                                                                  for the appointment of a successor
                                                                                                  trustee with respect to Securities
                                                                                                  of such series, or any Securityholder
                                                                                                  of that series who has been
                                                                                                  a bona fide holder of a Security
                                                                                                  or Securities for at least six
                                                                                                  months may on behalf of himself
                                                                                                  and all others similarly situated,
                                                                                                  petition any such court for
                                                                                                  the appointment of a successor
                                                                                                  trustee. Such court may thereupon
                                                                                                  after such notice, if any, as
                                                                                                  it may deem proper and prescribe,
                                                                                                  appoint a successor trustee.
                                                                                                  

 

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		(b)	In
                                                                                                  case at any time any one of
                                                                                                  the following shall occur: 

 

		(1)	the
                                                                                                  Trustee shall fail to comply
                                                                                                  with the provisions of Section
                                                                                                  7.08 after written request therefor
                                                                                                  by the Company or by any Securityholder
                                                                                                  who has been a bona fide holder
                                                                                                  of a Security or Securities
                                                                                                  for at least six months; or
                                                                                                  

 

		(2)	the
                                                                                                  Trustee shall cease to be eligible
                                                                                                  in accordance with the provisions
                                                                                                  of Section 7.09 and shall fail
                                                                                                  to resign after written request
                                                                                                  therefor by the Company or by
                                                                                                  any such Securityholder; or
                                                                                                  

 

		(3)	the
                                                                                                  Trustee shall become incapable
                                                                                                  of acting, or shall be adjudged
                                                                                                  a bankrupt or insolvent, or
                                                                                                  commence a voluntary bankruptcy
                                                                                                  proceeding, or a receiver of
                                                                                                  the Trustee or of its property
                                                                                                  shall be appointed or consented
                                                                                                  to, 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, the
                                                                                                  Company may remove the Trustee
                                                                                                  with respect to all Securities
                                                                                                  and appoint a successor trustee
                                                                                                  by written instrument, in duplicate,
                                                                                                  executed by order of the Board
                                                                                                  of Directors, one copy of which
                                                                                                  instrument shall be delivered
                                                                                                  to the Trustee so removed and
                                                                                                  one copy to the successor trustee,
                                                                                                  or, unless the Trustee’s
                                                                                                  duty to resign is stayed as
                                                                                                  provided herein, any Securityholder
                                                                                                  who has been a bona fide holder
                                                                                                  of a Security or Securities
                                                                                                  for at least six months may,
                                                                                                  on behalf of that holder and
                                                                                                  all others similarly situated,
                                                                                                  petition any court of competent
                                                                                                  jurisdiction for the removal
                                                                                                  of the Trustee and the appointment
                                                                                                  of a successor trustee. Such
                                                                                                  court may thereupon after such
                                                                                                  notice, if any, as it may deem
                                                                                                  proper and prescribe, remove
                                                                                                  the Trustee and appoint a successor
                                                                                                  trustee. 

 

		(c)	The
                                                                                                  holders of a majority in aggregate
                                                                                                  principal amount of the Securities
                                                                                                  of any series at the time Outstanding
                                                                                                  may at any time remove the Trustee
                                                                                                  with respect to such series
                                                                                                  by so notifying the Trustee
                                                                                                  and the Company and may appoint
                                                                                                  a successor Trustee for such
                                                                                                  series with the consent of the
                                                                                                  Company. 

 

		(d)	Any
                                                                                                  resignation or removal of the
                                                                                                  Trustee and appointment of a
                                                                                                  successor trustee with respect
                                                                                                  to the Securities of a series
                                                                                                  pursuant to any of the provisions
                                                                                                  of this Section shall become
                                                                                                  effective upon acceptance of
                                                                                                  appointment by the successor
                                                                                                  trustee as provided in Section
                                                                                                  7.11. 

 

		(e)	Any
                                                                                                  successor trustee appointed
                                                                                                  pursuant to this Section may
                                                                                                  be appointed with respect to
                                                                                                  the Securities of one or more
                                                                                                  series or all of such series,
                                                                                                  and at any time there shall
                                                                                                  be only one Trustee with respect
                                                                                                  to the Securities of any particular
                                                                                                  series. 

 

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Section
7.11.Acceptance of Appointment By Successor.

 

		(a)	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 Company and to
                                                                                                  the retiring Trustee an instrument
                                                                                                  accepting such appointment,
                                                                                                  and thereupon the resignation
                                                                                                  or removal of the retiring Trustee
                                                                                                  shall become effective and such
                                                                                                  successor trustee, without any
                                                                                                  further act, deed or conveyance,
                                                                                                  shall become vested with all
                                                                                                  the rights, powers, trusts and
                                                                                                  duties of the retiring Trustee;
                                                                                                  but, on the request of the Company
                                                                                                  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. 

 

		(b)	In
                                                                                                  case of the appointment hereunder
                                                                                                  of a successor trustee with
                                                                                                  respect to the Securities of
                                                                                                  one or more (but not all) series,
                                                                                                  the Company, 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 (1) shall contain
                                                                                                  such provisions as shall be
                                                                                                  necessary or desirable to transfer
                                                                                                  and confirm to, and to vest
                                                                                                  in, each successor trustee all
                                                                                                  the rights, powers, trusts and
                                                                                                  duties of the retiring Trustee
                                                                                                  with respect to the Securities
                                                                                                  of that or those series to which
                                                                                                  the appointment of such successor
                                                                                                  trustee relates, (2) 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
                                                                                                  (3) shall add to or change any
                                                                                                  of the provisions of this Indenture
                                                                                                  as shall be necessary to provide
                                                                                                  for or facilitate the administration
                                                                                                  of the trusts hereunder by more
                                                                                                  than one Trustee, it being understood
                                                                                                  that nothing herein or in such
                                                                                                  supplemental indenture shall
                                                                                                  constitute such Trustees co-trustees
                                                                                                  of the same trust, 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
                                                                                                  that no Trustee shall be responsible
                                                                                                  for any act or failure to act
                                                                                                  on the part of any other Trustee
                                                                                                  hereunder; 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, such
                                                                                                  retiring Trustee shall with
                                                                                                  respect to the Securities of
                                                                                                  that or those series to which
                                                                                                  the appointment of such successor
                                                                                                  trustee relates have no further
                                                                                                  responsibility for the exercise
                                                                                                  of rights and powers or for
                                                                                                  the performance of the duties
                                                                                                  and obligations vested in the
                                                                                                  Trustee under this Indenture,
                                                                                                  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 Company
                                                                                                  or any successor trustee, such
                                                                                                  retiring Trustee shall duly
                                                                                                  assign, transfer and deliver
                                                                                                  to such successor trustee, to
                                                                                                  the extent contemplated by such
                                                                                                  supplemental indenture, the
                                                                                                  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. 

 

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

 

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

 

		(e)	Upon
                                                                                                  acceptance of appointment by
                                                                                                  a successor trustee as provided
                                                                                                  in this Section, the Company
                                                                                                  shall transmit notice of the
                                                                                                  succession of such trustee hereunder
                                                                                                  by mail, first class postage
                                                                                                  prepaid, to the Securityholders,
                                                                                                  as their names and addresses
                                                                                                  appear upon the Security Register.
                                                                                                  If the Company fails to transmit
                                                                                                  such notice within ten days
                                                                                                  after acceptance of appointment
                                                                                                  by the successor trustee, the
                                                                                                  successor trustee shall cause
                                                                                                  such notice to be transmitted
                                                                                                  at the expense of the Company.
                                                                                                  

 

Section
7.12.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 the corporate
trust business of the Trustee, shall be the successor of the Trustee hereunder, provided that such corporation shall be qualified
under the provisions of Section 7.08 and eligible under the provisions of Section 7.09, without the execution or filing of any
paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. 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
7.13.Preferential Collection of Claims Against the Company.

 

The
Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in Section
311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust
Indenture Act to the extent included therein.

 

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Article
VIII

 

CONCERNING THE SECURITYHOLDERS

 

Section
8.01.Evidence of Action by Securityholders.

 

Whenever
in this Indenture it is provided that the holders of a majority or specified percentage in aggregate principal amount of the Securities
of a particular series may take any action (including the making of any demand or request, the giving of any notice, consent or
waiver or the taking of any other action), the fact that at the time of taking any such action the holders of such majority or
specified percentage of that series have joined therein may be evidenced by any instrument or any number of instruments of similar
tenor executed by such holders of Securities of that series in Person or by agent or proxy appointed in writing.

 

If
the Company shall solicit from the Securityholders of any series any request, demand, authorization, direction, notice, consent,
waiver or other action, the Company may, at its option, as evidenced by an Officers’ Certificate, fix in advance a record
date for such series for the determination of Securityholders entitled to give such request, demand, authorization, direction,
notice, consent, waiver or other action, but the Company shall have no obligation to do so. If such a record date is fixed, such
request, demand, authorization, direction, notice, consent, waiver or other action may be given before or after the record date,
but only the Securityholders of record at the close of business on the record date shall be deemed to be Securityholders for the
purposes of determining whether Securityholders of the requisite proportion of Outstanding Securities of that series have authorized
or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other action, and for that
purpose the Outstanding Securities of that series shall be computed as of the record date; provided, however, that no such authorization,
agreement or consent by such Securityholders on the record date shall be deemed effective unless it shall become effective pursuant
to the provisions of this Indenture not later than six months after the record date.

 

Section
8.02.Proof of Execution by Securityholders.

 

Subject
to the provisions of Section 7.01, proof of the execution of any instrument by a Securityholder (such proof will not require notarization)
or his agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following
manner:

 

		(a)	The
                                                                                                  fact and date of the execution
                                                                                                  by any such Person of any instrument
                                                                                                  may be proved in any reasonable
                                                                                                  manner acceptable to the Trustee.
                                                                                                  

 

		(b)	The
                                                                                                  ownership of Securities shall
                                                                                                  be proved by the Security Register
                                                                                                  of such Securities or by a certificate
                                                                                                  of the Security Registrar thereof.
                                                                                                  

 

		(c)	The
                                                                                                  Trustee may require such additional
                                                                                                  proof of any matter referred
                                                                                                  to in this Section as it shall
                                                                                                  deem necessary. 

 

Section
8.03.Who May be Deemed Owners.

 

Prior
to the due presentment for registration of transfer of any Security, the Company, the Trustee, any paying agent and any Security
Registrar may deem and treat the Person in whose name such Security shall be registered upon the books of the Company as the absolute
owner of such Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership or writing thereon
made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal of, premium,
if any, and (subject to Section 2.03) interest on such Security and for all other purposes; and neither the Company nor the Trustee
nor any paying agent nor any Security Registrar shall be affected by any notice to the contrary.

 

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Section
8.04.Certain Securities Owned by Company Disregarded.

 

In
determining whether the holders of the requisite aggregate principal amount of Securities of a particular series have concurred
in any direction, consent of waiver under this Indenture, the Securities of that series that are owned by the Company or any other
obligor on the Securities of that series or by any Person directly or indirectly controlling or controlled by or under common
control with the Company or any other obligor on the Securities of that series shall be disregarded and deemed not to be Outstanding
for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be protected in
relying on any such direction, consent or waiver, only Securities of such series that the Trustee actually knows are so owned
shall be so disregarded. The Securities so owned that have been pledged in good faith may be regarded as Outstanding for the purposes
of this Section, if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right so to act with respect
to such Securities and that the pledgee is not a Person directly or indirectly controlling or controlled by or under direct or
indirect common control with the Company or any such other obligor. In case of a dispute as to such right, any decision by the
Trustee taken upon the advice of counsel shall be full protection to the Trustee.

 

Section
8.05.Actions Binding on Future Securityholders.

 

At
any time prior to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the
holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified in this
Indenture in connection with such action, any holder of a Security of that series that is shown by the evidence to be included
in the Securities the holders of which have consented to such action may, by filing written notice with the Trustee, and upon
proof of holding as provided in Section 8.02, revoke such action so far as concerns such Security. Except as aforesaid any such
action taken by the holder of any Security shall be conclusive and binding upon such holder and upon all future holders and owners
of such Security, and of any Security issued in exchange therefor, on registration of transfer thereof or in place thereof, irrespective
of whether or not any notation in regard thereto is made upon such Security. Any action taken by the holders of the majority or
percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with
such action shall be conclusively binding upon the Company, the Trustee and the holders of all the Securities of that series.

 

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Section
8.06.Purposes for Which Meetings May Be Called.

 

A
meeting of holders of any series of Securities may be called at any time and from time to time pursuant to this Article to make,
give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture
to be made, given or taken by holders of such series of Securities.

 

Notwithstanding
anything contained in this Article VIII, the Trustee may, during the pendency of a Default or an Event of Default, call a meeting
of holders of any series of Securities in accordance with its standard practices.

 

Section
8.07.Call Notice and Place of Meetings.

 

		(a)	The
                                                                                                  Trustee may at any time call
                                                                                                  a meeting of holders of any
                                                                                                  series of Securities for any
                                                                                                  purpose specified in Section
                                                                                                  8.06 hereof, to be held at such
                                                                                                  time and at such place in The
                                                                                                  City of New York or Boston,
                                                                                                  Massachusetts. Notice of every
                                                                                                  meeting of holders of any series
                                                                                                  of Securities, setting forth
                                                                                                  the time and the place of such
                                                                                                  meeting, in general terms the
                                                                                                  action proposed to be taken
                                                                                                  at such meeting and the percentage
                                                                                                  of the principal amount of the
                                                                                                  Outstanding Securities of such
                                                                                                  series which shall constitute
                                                                                                  a quorum at such meeting, shall
                                                                                                  be given, in the manner provided
                                                                                                  in Section 13.04 hereof, not
                                                                                                  less than 21 nor more than 180
                                                                                                  days prior to the date fixed
                                                                                                  for the meeting to holders of
                                                                                                  Outstanding Securities of such
                                                                                                  series. 

 

		(b)	In
                                                                                                  case at any time the Company,
                                                                                                  pursuant to a Board Resolution,
                                                                                                  or the holders of at least 10%
                                                                                                  in principal amount of the Outstanding
                                                                                                  Securities of any series shall
                                                                                                  have requested the Trustee to
                                                                                                  call a meeting of the holders
                                                                                                  of Securities of such series
                                                                                                  for any purpose specified in
                                                                                                  Section 8.06 hereof, by written
                                                                                                  request setting forth in reasonable
                                                                                                  detail the action proposed to
                                                                                                  be taken at the meeting, and
                                                                                                  the Trustee shall not have made
                                                                                                  the first publication of the
                                                                                                  notice of such meeting within
                                                                                                  21 days after receipt of such
                                                                                                  request or shall not thereafter
                                                                                                  proceed to cause the meeting
                                                                                                  to be held as provided herein,
                                                                                                  then the Company or the holders
                                                                                                  of Securities of such series
                                                                                                  in the amount specified, as
                                                                                                  the case may be, may determine
                                                                                                  the time and the place in The
                                                                                                  City of New York or Boston,
                                                                                                  Massachusetts for such meeting
                                                                                                  and may call such meeting for
                                                                                                  such purposes by giving notice
                                                                                                  thereof as provided in paragraph
                                                                                                  (a) of this Section. 

 

Section
8.08.Persons Entitled To Vote at Meetings.

 

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

 

    	39

    	 

    

 

Section
8.09.Quorum; Action.

 

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

 

At
a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid, any resolution and all matters
(except as limited by the proviso to the first paragraph of Section 9.02 hereof) shall be effectively passed and decided if passed
or decided by the Persons entitled to vote not less than a majority in aggregate principal amount of Outstanding Securities of
a series represented and voting at such meeting with respect to a meeting of holders of Outstanding Securities of such series.

 

Any
resolution passed or decisions taken at any meeting of holders of Securities duly held in accordance with this Section shall be
binding on all the holders of Securities of such series, whether or not present or represented at the meeting.

 

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

 

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

 

		(b)	The
                                                                                                  Trustee shall, by an instrument
                                                                                                  in writing, appoint a temporary
                                                                                                  chairman (which may be the Trustee)
                                                                                                  of the meeting, unless the meeting
                                                                                                  shall have been called by the
                                                                                                  Company or by holders of Securities
                                                                                                  of a given series as provided
                                                                                                  in Section 8.07(b) hereof, in
                                                                                                  which case the Company or the
                                                                                                  holders of Securities of such
                                                                                                  series calling the meeting,
                                                                                                  as the case may be, shall in
                                                                                                  like manner appoint a temporary
                                                                                                  chairman. A permanent chairman
                                                                                                  and a permanent secretary of
                                                                                                  the meeting shall be elected
                                                                                                  by vote of the Persons entitled
                                                                                                  to vote a majority in principal
                                                                                                  amount of the Outstanding Securities
                                                                                                  of such series represented at
                                                                                                  the meeting. 

 

    	40

    	 

    

 

		(c)	At
                                                                                                  any meeting, each holder of
                                                                                                  a Security of the series in
                                                                                                  respect of which such meeting
                                                                                                  is being held or proxy shall
                                                                                                  be entitled to one vote for
                                                                                                  each $1,000 principal amount
                                                                                                  of Securities of such series
                                                                                                  held or represented by him;
                                                                                                  provided, however, that no vote
                                                                                                  shall be cast or counted at
                                                                                                  any meeting in respect of any
                                                                                                  Security of such series challenged
                                                                                                  as not Outstanding and ruled
                                                                                                  by the chairman of the meeting
                                                                                                  to be not Outstanding. The chairman
                                                                                                  of the meeting shall have no
                                                                                                  right to vote, except as a holder
                                                                                                  of a Security of such series
                                                                                                  or proxy. 

 

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

 

Section
8.11.Counting Votes and Recording Action of Meetings.

 

The
vote upon any resolution submitted to any meeting of holders of Securities of a given series shall be by written ballots on which
shall be subscribed the signatures of the holders of Securities of such series or of their representatives by proxy and the principal
amounts and serial numbers of the Outstanding Securities of such series held or represented by them. The permanent chairman of
the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution
and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at
the meeting. A record, at least in duplicate, of the proceedings of each meeting of holders of Securities of such series shall
be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors
of votes on any vote by ballot taken thereat and affidavits by one or more Persons having knowledge of the facts setting forth
a copy of the notice of the meeting and showing that said notice was given as provided in Section 8.07 hereof and, if applicable,
Section 8.09 hereof. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting
and one such copy shall be delivered to the Company and another to the Trustee to be preserved by the Trustee, the latter to have
attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters
therein stated.

 

Article
IX

 

SUPPLEMENTAL INDENTURES

 

Section
9.01.Supplemental Indentures Without the Consent of Securityholders.

 

In
addition to any supplemental indenture otherwise authorized by this Indenture, the Company and the Trustee may from time to time
and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust
Indenture Act as then in effect), without the consent of the Securityholders, for one or more of the following purposes:

 

    	41

    	 

    

 

		(a)	cure
                                                                                                  any ambiguity, correct or supplement
                                                                                                  any provision herein which may
                                                                                                  be inconsistent with any other
                                                                                                  provision herein or which is
                                                                                                  otherwise defective, or make
                                                                                                  any other provisions with respect
                                                                                                  to matters or questions arising
                                                                                                  under this Indenture which the
                                                                                                  Company and the Trustee may
                                                                                                  deem necessary or desirable
                                                                                                  and which shall not be inconsistent
                                                                                                  with the provisions of this
                                                                                                  Indenture; 

 

		(b)	to
                                                                                                  comply with Article X; 

 

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

 

		(d)	to
                                                                                                  add to the covenants of the
                                                                                                  Company 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 the Company; 

 

		(e)	to
                                                                                                  add to, delete from, or revise
                                                                                                  the conditions, limitations,
                                                                                                  and restrictions on the authorized
                                                                                                  amount, terms, or purposes of
                                                                                                  issue, authentication, and delivery
                                                                                                  of Securities, as herein set
                                                                                                  forth; 

 

		(f)	to
                                                                                                  make any change that does not
                                                                                                  adversely affect the rights
                                                                                                  of any Securityholder in any
                                                                                                  material respect; 

 

		(g)	to
                                                                                                  provide for the issuance of
                                                                                                  and establish the form and terms
                                                                                                  and conditions of the Securities
                                                                                                  of any series as provided in
                                                                                                  Section 2.01, to establish the
                                                                                                  form of any certifications required
                                                                                                  to be furnished pursuant to
                                                                                                  the terms of this Indenture
                                                                                                  or any series of Securities,
                                                                                                  or to add to the rights of the
                                                                                                  holders of any series of Securities;
                                                                                                  or 

 

		(h)	comply
                                                                                                  with the requirements of the
                                                                                                  Commission in order to effect
                                                                                                  or maintain the qualification
                                                                                                  of this Indenture under the
                                                                                                  Trust Indenture Act. 

 

The
Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, and to make any further
appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into any
such supplemental indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise.

 

Any
supplemental indenture authorized by the provisions of this Section may be executed by the Company and the Trustee without the
consent of the holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 9.02.

 

    	42

    	 

    

 

Section
9.02.Supplemental Indentures With Consent of Securityholders.

 

With
the written consent of the holders of at least a majority in aggregate principal amount of the Outstanding Securities of any series
or by action at a meeting of holders of the Securities of such series in accordance with Section 8.09, by the holders of a majority
in aggregate principal amount of the Securities of such series then Outstanding represented at such meeting, the Company, when
authorized by Board Resolutions, and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental
hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect) for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying
in any manner not covered by Section 9.01 the rights of the holders of the Securities of such series under this Indenture; provided,
however, that no such supplemental indenture shall, without the consent of the holders of each Security then Outstanding and affected
thereby, (i) extend the fixed maturity of any Securities of any series, or reduce the principal amount thereof, or reduce the
rate or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof, (ii) reduce
the aforesaid percentage of Securities, the holders of which are required to consent to any such supplemental indenture, or any
consent or waiver, (iii) reduce the principal amount of discount securities payable upon acceleration of the maturity of any Securities
of any series or (iv) make the principal of or premium or interest on any Security of a series payable in currency or currency
units other than that stated in the Securities of such series.

 

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

 

Section
9.03.Effect of Supplemental Indentures.

 

Upon
the execution of any supplemental indenture pursuant to the provisions of this Article or of Section 10.01, this Indenture shall,
with respect to such series, be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations
of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the holders of Securities of
the series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications
and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms
and conditions of this Indenture for any and all purposes.

 

Section
9.04.Securities Affected by Supplemental Indentures.

 

Securities
of any series affected by a supplemental indenture, authenticated and delivered after the execution of such supplemental indenture
pursuant to the provisions of this Article or of Section 10.01, may bear a notation in form approved by the Company, provided
such form meets the requirements of any exchange upon which such series may be listed, as to any matter provided for in such supplemental
indenture. If the Company shall so determine, new Securities of that series so modified as to conform, in the opinion of the Board
of Directors of the Company, to any modification of this Indenture contained in any such supplemental indenture may be prepared
by the Company, authenticated by the Trustee and delivered in exchange for the Securities of that series then Outstanding.

 

    	43

    	 

    

 

Section
9.05.Execution of Supplemental Indentures.

 

Upon
the request of the Company, accompanied by its Board Resolutions authorizing the execution of any such supplemental indenture,
and upon the filing with the Trustee of evidence of the consent of Securityholders required to consent thereto as aforesaid, the
Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects
the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion
but shall not be obligated to enter into such supplemental indenture. The Trustee, subject to the provisions of Section 7.01,
may receive an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article is
authorized or permitted by, and conforms to, the terms of this Article and that it is proper for the Trustee under the provisions
of this Article to join in the execution thereof; provided, however, that such Opinion of Counsel need not be provided in connection
with the execution of a supplemental indenture that establishes the terms of a series of Securities pursuant to Section 2.01 hereof.

 

Promptly
after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the
Trustee shall transmit by mail, first class postage prepaid, a notice, setting forth in general terms the substance of such supplemental
indenture, to the Securityholders of all series affected thereby as their names and addresses appear upon the Security Register.
Any failure of the Trustee to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity
of any such supplemental indenture.

 

Article
X

 

SUCCESSOR ENTITY

 

Section
10.01.Company May Consolidate, Etc.

 

Nothing
contained in this Indenture or in any of the Securities shall prevent any consolidation or merger of the Company with or into
any other Person (whether or not affiliated with the Company) or successive consolidations or mergers in which the Company or
its successor or successors shall be a party or parties, or shall prevent any sale, conveyance, transfer or other disposition
of the property of the Company or its successor or successors as an entirety, or substantially as an entirety, to any other corporation
(whether or not affiliated with the Company or its successor or successors) authorized to acquire and operate the same; provided,
however, the Company hereby covenants and agrees that, upon any such consolidation or merger (in each case, if the Company is
not the survivor of such transaction), sale, conveyance, transfer or other disposition, the due and punctual payment of the principal
of (premium, if any) and interest on all of the Securities of all series in accordance with the terms of each series, according
to their tenor and the due and punctual performance and observance of all the covenants and conditions of this Indenture with
respect to each series or established with respect to such series pursuant to Section 2.01 to be kept or performed by the Company
shall be expressly assumed, by supplemental indenture (which shall conform to the provisions of the Trust Indenture Act, as then
in effect) satisfactory in form to the Trustee executed and delivered to the Trustee by the entity formed by such consolidation,
or into which the Company shall have been merged, or by the entity which shall have acquired such property.

 

    	44

    	 

    

 

Section
10.02.Successor Entity Substituted.

 

		(a)	In
                                                                                                  case of any such consolidation,
                                                                                                  merger, sale, conveyance, transfer
                                                                                                  or other disposition and upon
                                                                                                  the assumption by the successor
                                                                                                  entity by supplemental indenture,
                                                                                                  executed and delivered to the
                                                                                                  Trustee and satisfactory in
                                                                                                  form to the Trustee, of the
                                                                                                  due and punctual payment of
                                                                                                  the principal of, premium, if
                                                                                                  any, and interest on all of
                                                                                                  the Securities of all series
                                                                                                  Outstanding and the due and
                                                                                                  punctual performance of all
                                                                                                  of the covenants and conditions
                                                                                                  of this Indenture or established
                                                                                                  with respect to each series
                                                                                                  of the Securities pursuant to
                                                                                                  Section 2.01 to be performed
                                                                                                  by the Company with respect
                                                                                                  to each series, such successor
                                                                                                  entity shall succeed to and
                                                                                                  be substituted for the Company
                                                                                                  with the same effect as if it
                                                                                                  had been named as the Company
                                                                                                  herein, and thereupon the predecessor
                                                                                                  corporation shall be relieved
                                                                                                  of all obligations and covenants
                                                                                                  under this Indenture and the
                                                                                                  Securities. 

 

		(b)	In
                                                                                                  case of any such consolidation,
                                                                                                  merger, sale, conveyance, transfer
                                                                                                  or other disposition such changes
                                                                                                  in phraseology and form (but
                                                                                                  not in substance) may be made
                                                                                                  in the Securities thereafter
                                                                                                  to be issued as may be appropriate.
                                                                                                  

 

		(c)	Nothing
                                                                                                  contained in this Article shall
                                                                                                  require any action by the Company
                                                                                                  in the case of a consolidation
                                                                                                  or merger of any Person into
                                                                                                  the Company where the Company
                                                                                                  is the survivor of such transaction,
                                                                                                  or the acquisition by the Company,
                                                                                                  by purchase or otherwise, of
                                                                                                  all or any part of the property
                                                                                                  of any other Person (whether
                                                                                                  or not affiliated with the Company).
                                                                                                  

 

Section
10.03.Evidence of Consolidation, Etc. to Trustee.

 

The
Trustee, subject to the provisions of Section 7.01, may receive an Opinion of Counsel as conclusive evidence that any such consolidation,
merger, sale, conveyance, transfer or other disposition, and any such assumption, comply with the provisions of this Article.

 

Article
XI

 

SATISFACTION AND DISCHARGE

 

Section
11.01.Satisfaction and Discharge of Indenture.

 

If
at any time: (a) the Company shall have delivered to the Trustee for cancellation all Securities of a series theretofore authenticated
(other than any Securities that shall have been destroyed, lost or stolen and that shall have been replaced or paid as provided
in Section 2.07) and Securities for whose payment money or Governmental Obligations have theretofore been deposited in trust or
segregated and held in trust by the Company (and thereupon repaid to the Company or discharged from such trust, as provided in
Section 11.05); or (b) all such Securities of a particular series not theretofore delivered to the Trustee for cancellation shall
have become due and payable, or are by their terms to become due and payable within one year or are to be called for redemption
within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and the Company shall deposit
or cause to be deposited with the Trustee as trust funds the entire amount in moneys or Governmental Obligations sufficient or
a combination thereof, sufficient (assuming that no tax liability will be imposed on the Trustee) in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay
at maturity or upon redemption all Securities of that series not theretofore delivered to the Trustee for cancellation, including
principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the
case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder with respect to such series
by the Company then this Indenture shall thereupon cease to be of further effect with respect to such series except for the provisions
of Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03 and 7.10, that shall survive until the date of maturity or redemption date, as
the case may be, and Sections 7.06 and 11.05, that shall survive to such date and thereafter, and the Trustee, on demand of the
Company and at the cost and expense of the Company shall execute proper instruments acknowledging satisfaction of and discharging
this Indenture with respect to such series.

 

    	45

    	 

    

 

Section
11.02.Discharge of Obligations.

 

If
at any time all such Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not
become due and payable as described in Section 11.01 shall have been paid by the Company by depositing irrevocably with the Trustee
as trust funds moneys or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all such Securities
of that series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest
due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also
pay or cause to be paid all other sums payable hereunder by the Company with respect to such series, then after the date such
moneys or Governmental Obligations, as the case may be, are deposited with the Trustee the obligations of the Company under this
Indenture with respect to such series shall cease to be of further effect except for the provisions of Sections 2.03, 2.05, 2.07,
4,01, 4.02, 4,03, 7.06, 7.10 and 11.05 hereof that shall survive until such Securities shall mature and be paid. Thereafter, Sections
7.06 and 11.05 shall survive.

 

Section
11.03.Deposited Moneys to be Held in Trust.

 

Subject
to Section 11.05, all moneys or Governmental Obligations deposited with the Trustee pursuant to Sections 11.01 or 11.02 shall
be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Company
acting as its own paying agent), to the holders of the particular series of Securities for the payment or redemption of which
such moneys or Governmental Obligations have been deposited with the Trustee.

 

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Section
11.04.Payment of Moneys Held by Paying Agents.

 

In
connection with the satisfaction and discharge of this Indenture all moneys or Governmental Obligations then held by any paying
agent under the provisions of this Indenture shall, upon demand of the Company, be paid to the Trustee and thereupon such paying
agent shall be released from all further liability with respect to such moneys or Governmental Obligations.

 

Section
11.05.Repayment to Company.

 

Any
moneys or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the Company, in trust for payment
of principal of or premium or interest on the Securities of a particular series that are not applied but remain unclaimed by the
holders of such Securities for two years after the date upon which the principal of (and premium, if any) or interest on such
Securities shall have respectively become due and payable, shall be repaid to the Company or (if then held by the Company) shall
be discharged from such trust in each case, promptly after the end of any such two-year period or, at the request of the Company,
on a later date specified by the Company; and thereupon the paying agent and the Trustee shall be released from all further liability
with respect to such moneys or Governmental Obligations, and the holder of any of the Securities entitled to receive such payment
shall thereafter, as an unsecured general creditor, look only to the Company for the payment thereof.

 

Article
XII

 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, 

OFFICERS AND DIRECTORS

 

Section
12.01.No Recourse.

 

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

 

    	47

    	 

    

 

Article
XIII

 

MISCELLANEOUS PROVISIONS

 

Section
13.01.Effect on Successors and Assigns.

 

All
the covenants, stipulations, promises and agreements in this Indenture contained by or on behalf of the Company shall bind its
successors and assigns, whether so expressed or not.

 

Section
13.02.Actions by Successor.

 

Any
act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or
officer of the Company shall and may be done and performed with like force and effect by the corresponding board, committee or
officer of any corporation that shall at the time be the lawful successor of the Company.

 

Section
13.03.Surrender of Company Powers.

 

The
Company by instrument in writing executed by authority of its Board of Directors and delivered to the Trustee may surrender any
of the powers reserved to the Company, and thereupon such power so surrendered shall terminate both as to the Company and as to
any successor corporation.

 

Section
13.04.Notices.

 

Except
as otherwise expressly provided herein any notice or demand that by any provision of this Indenture is required or permitted to
be given or served by the Trustee or by the holders of Securities to or on the Company may be given or served by being deposited
first class postage prepaid in a post-office letterbox addressed (until another address is filed in writing by the Company with
the Trustee), as follows: [ ]. Any notice, election, request or demand by the Company or any Securityholder to or upon the Trustee
shall be deemed to have been sufficiently given or made, for all purposes, if given or made in writing at the Corporate Trust
Office of the Trustee. Any notice or communication to a holder shall be mailed by first-class mail to his address shown on the
Security Register kept by the Security Registrar. Failure to mail a notice or communication to a holder or any defect in such
notice or communication shall not affect its sufficiency with respect to other holders. If a notice or communication is mailed
or sent in the manner provided above within the time prescribed, it is duly given as of the date it is mailed, whether or not
the addressee receives it, except that notice to the Trustee or the Company shall only be effective upon receipt thereof by the
Trustee or the Company, respectively. If the Company mails a notice or communication to holders of Securities, it shall mail a
copy to the Trustee at the same time.

 

    	48

    	 

    

 

Section
13.05.Governing Law.

 

This
Indenture and each Security shall be deemed to be a contract made under the internal laws of the State of New York, and for all
purposes shall be construed in accordance with the laws of said State.

 

Section
13.06.Treatment of Securities as Debt.

 

It
is intended that the Securities will be treated as indebtedness and not as equity for federal income tax purposes. The provisions
of this Indenture shall be interpreted to further this intention.

 

Section
13.07.Compliance Certificates and Opinions.

 

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

 

		(b)	Each
                                                                                                  certificate or opinion provided
                                                                                                  for in this Indenture and delivered
                                                                                                  to the Trustee with respect
                                                                                                  to compliance with a condition
                                                                                                  or covenant in this Indenture
                                                                                                  shall include (1) a statement
                                                                                                  that the Person making such
                                                                                                  certificate or opinion has read
                                                                                                  such covenant or condition;
                                                                                                  (2) a brief statement as to
                                                                                                  the nature and scope of the
                                                                                                  examination or investigation
                                                                                                  upon which the statements or
                                                                                                  opinions contained in such certificate
                                                                                                  or opinion are based; (3) a
                                                                                                  statement that, in the opinion
                                                                                                  of such Person, he has made
                                                                                                  such examination or investigation
                                                                                                  as is necessary to enable him
                                                                                                  to express an informed opinion
                                                                                                  as to whether or not such covenant
                                                                                                  or condition has been complied
                                                                                                  with; and (4) a statement as
                                                                                                  to whether or not, in the opinion
                                                                                                  of such Person, such condition
                                                                                                  or covenant has been complied
                                                                                                  with. 

 

    	49

    	 

    

 

Section
13.08.Payments on Business Days.

 

Except
as provided pursuant to Section 2.01 pursuant to a Board Resolution, and as set forth in an Officers’ Certificate, or established
in one or more indentures supplemental to this Indenture, in any case where the date of maturity of interest or principal of any
Security or the date of redemption of any Security shall not be a Business Day, then payment of interest or principal (and premium,
if any) may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity
or redemption, and no interest shall accrue for the period after such nominal date.

 

Section
13.09.Conflict with Trust Indenture Act.

 

If
and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Sections 310
to 317, inclusive, of the Trust Indenture Act, such imposed duties shall control.

 

Section
13.10.Counterparts.

 

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

 

Section
13.11.Separability.

 

In
case any one or more of the provisions contained in this Indenture or in the Securities of any series shall for any reason be
held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect
any other provisions of this Indenture or of such Securities, but this Indenture and such Securities shall be construed as if
such invalid or illegal or unenforceable provision had never been contained herein or therein.

 

Section
13.12.Assignment.

 

The
Company will have the right at all times to assign any of its rights or obligations under this Indenture to a direct or indirect
wholly-owned Subsidiary of the Company, provided that, in the event of any such assignment, the Company, will remain liable for
all such obligations. Subject to the foregoing, this Indenture is binding upon and inures to the benefit of the parties thereto
and their respective successors and assigns. This Indenture may not otherwise be assigned by the parties thereto.

 

Article
XIV

 

SUBORDINATION OF SECURITIES

 

Section
14.01.Subordination Terms.

 

The
payment by the Company of the principal of, premium, if any, and interest on any series of Securities issued hereunder shall be
subordinated to the extent set forth in an indenture supplemental hereto relating to the Securities of such series.

 

    	50

    	 

    

 

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

 

		OHR
PHARMACEUTICAL, INC.
	 	 	
		By:	
	 	Name: 
	 	Title: 
	 	 	
	 	[	]	,
	 	As Trustee 
	 	 	
	 	By:	
	 	Name: 
	 	Title: 

 

51ex-10.1

 POLY SHIELD TECHNOLOGIES, INC.
 428 Plaza Real, Suite 419
 Boca Raton, Florida 33432
 

 January 15, 2014
 

 KF Business Ventures, LP
 Attention: Robert C. Kopple
 10866 Wilshire Boulevard, Suite 1500
 Los Angeles, California 90024
 

 Re: Financing Letter of Agreement
 

 Gentlemen:
 

 This letter agreement (this “Letter Agreement”) set forth the basic terms of a financing transaction described below between Poly Shield Technologies, Inc., a Delaware corporation (OTC: SHPR) (the “Company”), and KF Business Ventures, LP, a California limited partnership in the course of formation, by its general partner, Kopple Financial, Inc., a California corporation (“Lender”). 
 

 The terms contained in this Letter Agreement will be incorporated into one or more definitive formal agreements, which shall include, without limitation, reasonable warranties and representations for both parties, and which shall be prepared by the Company’s legal counsel (collectively, the “Formal Agreement”). The parties shall work together in good faith to enter into and consummate the Formal Agreement as promptly as possible, and the Formal Agreement, when executed, shall supersede this letter agreement, but until such time as the Formal Agreement is executed by the parties, this letter agreement shall be binding on the parties as follows:
 

 1.
 Lender shall lend to the Company, and the Company shall borrow from Lender, the sum of Two Million Dollars ($2,000,000.00), in four (4) equal advances of Five Hundred Thousand Dollars ($500,000.00) each, commencing on execution and delivery of this letter agreement and on the first (1st) day of each consecutive calendar month after the date hereof until fully advanced (the “Loan”); provided, however, that Lender’s obligation to fund the second, third and fourth advances of the Loan shall be subject to the express condition precedent, unless waived in writing by Lender as determined in its sole and absolute discretion, that the Company shall have entered into one or more agreements with Par Tomas Rasmus Norling (“Norling”) regarding redemption, retirement, cancellation, subdivision, combination or acquisition by the Company of the presently outstanding shares of common capital stock held by or for the benefit of Norling, and/or the issuance of shares of any class  of common capital stock to for the benefit of Norling in lieu, in exchange or in consideration thereof, and the acquisition by the Company of certain intellectual property rights of Norling, upon terms and subject to the conditions satisfactory to Lender as determined in its sole and absolute discretion (collectively, the “Norling Transactions”).
 

 2.
 The Loan shall be evidenced by an unsecured, non-convertible promissory note of the Company payable to the order of Lender in the amount of the Loan, as follows:
 

 1
 

 
 

 A.
 The outstanding principal balance of the Note shall bear interest at the rate of ten percent (10%) per annum from the date advanced until paid in full, which interest shall accrue without payment and shall be compounded and added to the outstanding principal balance of the Note monthly in arrears commencing February 1, 2014 and on the first (1st) day of each consecutive calendar month thereafter until December 1, 2014, and which principal balance and interest thereon in arrears thereafter shall be payable in eighteen (18) equal monthly installments or principal and interest commencing on January 1, 2015 and on the first (1st) day of each consecutive calendar month thereafter until June 1, 2016 (the “Maturity Date”), at which time the entire outstanding principal balance of the Note together with accrued and unpaid interest thereon shall be due and payable without demand therefor. Attached hereto as Exhibit “A” is an estimated amortization schedule of the accrual, compounding, amortization and payment of principal and interest contemplated by the provisions of this Paragraph 2(A), provided the advances of the Loans are made upon the dates reflected therein.
 

 B.
 The indebtedness evidenced by the Note may be prepaid, either in whole or in part in increments of not less than Two Hundred and Fifty Thousand Dollars ($250,000.00) each, at any time and from time to time without prepayment penalty or premium.
 

 C.
 Each payment under the Note shall be applied first in payment of any late payment charges, if any, second in payment of accrued and unpaid interest, whether or not then due, and finally in payment of the outstanding principal balance of this Note. Any principal prepayment permitted under the Note shall be applied to the regular principal payments described above in inverse order of maturity, and no prepayment permitted hereunder shall affect the obligation of Borrower to continue to pay the regular payments described above when due until the entire indebtedness evidenced by the Note has been paid in full.
 

 D.
 For so long at the indebtedness evidenced by the Note is outstanding, the Company shall not (i) incur any indebtedness or capitalized lease obligations other than indebtedness or capitalized lease obligations in existence on the date hereof and trade payables incurred in the ordinary course of business of the Company, (ii) transfer, pledge, hypothecate, encumber, license, sell or otherwise dispose of any of the assets of the Company other than liens against the assets of the Company in existence on the date hereof, licenses of the assets of the Company in existence on the date hereof and non-exclusive licenses hereafter granted by the Company in the ordinary course of business of the Company and sales of inventory in the ordinary course of business of the Company, (iii) issue any capital stock or any rights to acquire or convert into capital stock of the Company in any one or more transactions after the date hereof which results in a change of control of the Company and/or which would result in a change of control of the Company upon exercise of any such right to acquire or convert into capital stock of the Company, or (iv) enter into any merger, reorganization or other similar transaction, in each instance without the prior written consent of Lender, which consent may be withheld or delayed for any or no reason as determined by Lender in its sole and absolute discretion. Violation of the provisions of this Paragraph 2(D) shall constitute a non-curable default by the Company under the Note unless otherwise agreed by Lender in writing as determined by Lender in its sole and absolute discretion in each instance. 
 

 2
 

 
 

 E.
 For so long at the indebtedness evidenced by the Note is outstanding, the Company shall prepare and furnish to Lender (i) quarterly financial statements of the revenues and expenses, balance sheet and cash flows of the Company for each fiscal quarter of the Company, including cumulative year-to-date figures for the then current fiscal year of the Company, within thirty (30) days after the end of such fiscal quarter, subject to year’s-end adjustment and notes, and (ii) annual financial statements of the revenues and expenses, balance sheet and cash flows of the Company for each fiscal year of the Company, including comparative figures for the fiscal year immediately preceding the then current fiscal year of the Company. 
 

 F.
 If (i) the Company fails to pay any sum under the Note when due, (ii) the Company violates the provisions of Paragraph 2(D) above, without any right to cure the same, (iii) the Company fails to perform or observe any of its other obligations under the Note, this Letter Agreement, the Formal Agreement, the Warrants (as hereinafter defined) or any other agreement, document or instrument evidencing, securing or otherwise pertaining to the Loan to which the Company is or hereafter becomes a party (collectively, the “Loan Documents”) and such failure is not cured within five (5) business days after written notice thereof is given to the Company by Lender, (iv) the Company makes a general assignment for the benefit of creditors, is adjudicated bankrupt or insolvent or is subject to an order for relief under any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction, files a petition or answer in any proceeding seeking reorganization, an arrangement with creditors or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction, or admitting the material allegations of a petition filed against it in any such proceeding, or applies for or consents to the appointment of a receiver, trustee, custodian of liquidator for the Company or any of its assets, or (v) the Company has commenced against it any proceeding under any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction or any proceeding seeking the appointment of a receiver, trustee, custodian of liquidator or its or any of its assets, or any order, judgment or decree is entered, without the application, consent or approval of the Company, by any court of competent jurisdiction approving a petition seeking reorganization, an arrangement with creditors or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction appointment of a receiver, trustee, custodian of liquidator for the Company or any of its assets, and such proceeding is not dismissed or such order, judgment or decree continues unstayed and in effect for any period of sixty (60) days  (each, an “Event of Default”), then in each such event (x) the Company shall pay to Lender a late payment fee equal to five percent (5%) of any past-due sum under the Note, (y) the outstanding principal balance of the Note shall bear interest at the rate of fifteen percent (15%) per annum from the date of the occurrence of the Event of Default until such Event of Default is cured or waived in writing by Lender as determined in its sole and absolute discretion, and (z) the entire principal balance of the Note together with all accrued and unpaid interest thereon shall become immediately due and payable in full at the option of the holder of the Note if as a result of an Event of Default specified in Paragraph 2(F)(i), 2(F)(ii) or 2(F)(iii) above or automatically without any election,  declaration or other act on the part of the holder of the Note if as a result of an Event of Default specified in Paragraph 2(F)(iv) or Paragraph 2(F)(v) above, without notice or demand whatsoever except as otherwise required by applicable law.
 

 3
 

 
 

 G.
 In order to induce Lender to make the Loan to the Company evidenced by the Note, the Company hereby represents and warrants to Lender and each other holder of the Note (i) by reason of its own business and financial experience, the Company and Lender could reasonably be assumed to have the capacity to protect its own interests in connection with the transactions contemplated by the Loan Documents, and (ii) as a consequence, that the indebtedness evidenced by this Note, including all interest thereon and other consideration therefor, including, without limitation, the Warrants issued pursuant to the Loan Documents, is exempt from the usury restrictions under California law pursuant to the exemption set for in California Corporation Code Section 25118(b). Without limiting the effectiveness of said representations, warranties and exemptions, however, it is nevertheless the intent of the Company and Lender that the holder of the Note shall never be entitled to receive, collect or apply, as interest or other consideration of any kind under the Note, any amount in excess of the maximum rate of interest permitted to be charged by applicable law; and in the event the holder of the Note ever receives, collects or applies as interest or other consideration of any kind any such excess, such amount which would be excess interest or other consideration shall be deemed a partial prepayment of the principal amount of the Note and treated as such under the Note; and if the principal amount of the Note  is paid in full, any remaining excess interest or other consideration shall be paid to the Company forthwith upon demand therefor.
 

 H.
 The Company agrees to pay all costs and expenses (including, without limitation, reasonable attorneys’ fees and costs) incurred by the holder of the Note in the enforcement thereof, whether or not suit be brought.  In any litigation arising out of or relating to the Note, in which the holder of the Note is an adverse party, the Company hereby waives trial by jury.
 

 3.
 In consideration of the Loan, the Company shall issue to Lender warrants to purchase up to 2,200,000 shares of common capital stock of the Company at any time and from time to time during the period of one (1) year following the date of the issuance thereof, and warrants to purchase up to 4,000,000 shares of common capital stock of the Company at any time and from time to time during the period of four (4) years following the date of the issuance thereof, in each instance for an exercise price of One Dollar ($1.00) per share, subject to adjustment as provide below (the “Exercise Price”) (collectively, the “Warrants”), upon the following terms:
 

 A.
 The outstanding Warrants may be exercised at any time and from time to time prior to the expiration thereof by the holder, at the election of the holder, either in whole or in part, (i) for cash in an amount equal to the product of the number of shares of common capital stock issuable upon such exercise, multiplied by the then Exercise Price, and/or (ii) in respect to up to 3,100,000 of shares of common capital stock covered by the Warrants, by means of a “cashless exercise”  in which the holder shall be entitled to receive a number of shares of common capital stock equal to the quotient of (a) the product of (1) the sum of (A) the volume weighted daily average price of the shares of common capital stock of the Company on the trading day immediately preceding the date on which the holder exercises the Warrants by means of a “cashless exercise” if then listed on  a market or exchange on which the common capital stock of the Company is listed or quoted (including the OTC Bulletin Board), or if not so listed or quoted on such market or exchange but prices for shares or common capital stock of the
 

 4
 

 
 Company are then reported in the “Pink Sheets” published by Pink OTC Markets, Inc. (or a similar organization or agency), the most recent bid price per share of common capital stock of the Company so reported, or if not so listed, quoted or reported, in all other cases, the fair market value of a share of common capital stock of the Company on the date on which the holder exercises the Warrants determined by an independent appraiser selected in good faith by the holder of a majority in interest of the outstanding Warrants and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company (“Average Price”), minus (B) the then Exercise Price, multiplied by (2) the number of shares of common capital stock issuable upon such exercise of the Warrants if such exercise were by means of a cash exercise rather than a cashless exercise, divided by (b) the Average Price. The holder of the Warrant shall have the right (but not the obligation) to offset the amount of cash payable to the Company upon exercise of the Warrants pursuant to this Paragraph 3(A) against the indebtedness of the Company evidenced by the Note then owed to such holder, if any; provided, however, that such offset in connection with such exercise of the Warrants shall not be deemed or construed as an exchange of securities for purposes of Rule 144.
 

 B.
 If, at any time while the Warrants remain outstanding and unexpired, an Event of Default occurs and for so long as such Event of Default is continuing, the outstanding Warrants may be exercised at any time and from time to time prior to the expiration thereof by the holder, at the election of the holder, for cash (and not by means of a “cashless exercise”) in an amount equal to the product of the number of shares of common capital stock issuable upon such exercise, multiplied by a discounted Exercise Price equal to the lesser of (i) the then Exercise Price, or (ii) fifty percent (50%) of the volume weighted average price of the shares of common capital stock of the Company during the period of five (5) trading days immediately preceding the date on which the holder exercises the Warrants if then listed on  a market or exchange on which the common capital stock of the Company is listed or quoted (including the OTC Bulletin Board), or if not so listed or quoted on such market or exchange but prices for shares or common capital stock of the Company are then reported in the “Pink Sheets” published by Pink OTC Markets, Inc. (or a similar organization or agency), fifty percent (50%) of the volume weighted average  bid price per share of common capital stock of the Company so reported during the period of five (5) trading days immediately preceding the date on which the holder exercises the Warrants, or if not so listed, quoted or reported, in all other cases, fifty percent (50%) of the fair market value of a share of common capital stock of the Company on the date on which the holder exercises the Warrants determined by an independent appraiser selected in good faith by the holder of a majority in interest of the outstanding Warrants and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company. The holder of the Warrant shall have the right (but not the obligation) to offset the amount of cash payable to the Company upon exercise of the Warrants pursuant to this Paragraph 3(B) against the indebtedness of the Company evidenced by the Note then owed to such holder, if any; provided, however, that such offset in connection with such exercise of the Warrants shall not be deemed or construed as an exchange of securities for purposes of Rule 144. The provisions of this Paragraph 3(B) shall be in addition to, and not in lieu of, any other rights that the holder of the Loan and/or Warrants may have against the Company, including, without limitation, the rights of the holder of the Warrants to exercise the Warrants by means of a “cashless exercise” in the manner and at the exercise price provided in Paragraph 3(A) above.
 

 5
 

 
 

 C.
 If, at any time while the Warrants remain outstanding and unexpired, the Company (i) subdivides one or more classes of its then outstanding shares of common capital stock into a larger number of shares by any stock split, stock dividend, recapitalization or otherwise, (ii) combines one or more classes of its then outstanding shares of common capital stock into a smaller number of shares by combination, by reverse stock split or otherwise, or (iii) pays or issues a stock dividend on one or more classes of its then outstanding shares of common capital stock or otherwise makes a distribution on any class of capital stock that is payable or issuable in shares of an class of common capital stock, then in each such case the Exercise Price shall be adjusted to an amount equal to the product of the Exercise Price in effect immediately before such event, multiplied by a fraction of which the numerator shall be the number of shares of all classes of common capital stock outstanding immediately before such event and of which the denominator shall be the number of shares of all classes of common capital stock outstanding immediately after such event; provided, however, that no adjustment of the Exercise Price pursuant to this Paragraph 3(C) shall occur as a result of any one transaction or series of related transactions consummated on or before February 28, 2014 involving the redemption, retirement, cancellation, subdivision, combination or acquisition by the Company of the presently outstanding shares of common capital stock held by or for the benefit of Norling, and/or the issuance of shares of any class  of common capital stock to for the benefit of Norling in lieu, in exchange or in consideration thereof, which results in the total number of shares of any class of common capital stock held by or for the benefit of Norling being equal to or less than the total number of presently outstanding shares of common capital stock held by or for the benefit of Norling on the date hereof, after adjustment for any subdivision, combination and/or stock dividend affecting shares of any class  of common capital stock of the Company generally.
 

 D.
 If, at any time while the Warrants remain outstanding and unexpired, the Company issues any shares of any class of common capital stock or any options, warrants, convertible notes or other rights to acquire shares of any class of common capital stock for a purchase, exercise or conversion price per share less than the then Exercise Price, the Exercise Price in effect immediately prior thereto shall be automatically adjusted to an amount equal to the lowest purchase, exercise or conversion price per share in connection with Company’s issuance of such shares of common capital stock or options, warrants, convertible notes or other rights to acquire shares of common capital stock; provided, however, that no adjustment of the Exercise Price pursuant to this Paragraph 3(D) shall occur as a result of any one or more Norling Transactions consummated on or before February 28, 2014, which results in the total number of shares of any class of common capital stock held by or for the benefit of Norling being equal to or less than the total number of presently outstanding shares of common capital stock held by or for the benefit of Norling on the date hereof, after adjustment for any subdivision, combination and/or stock dividend affecting shares of any class  of common capital stock of the Company generally.
 

 E.
 If, at any time while the Warrants remain outstanding and unexpired, the Company reclassifies any class of common capital stock of the Company (other than a change in par value or a subdivision or combination as provided for in Paragraph 3(C) above), or the Company enters into any reorganization, consolidation or merger of the Company with or into another corporation or entity (other than a merger or reorganization with respect to which the Company is the continuing corporation and which does not result in any reclassification of any
  
 

 6
 

 
 class of common capital stock of the Company), or a transfer of all or substantially all of the assets of the Company, or the payment of a liquidating distribution then, as part of any such reorganization, reclassification, consolidation, merger, sale or liquidating distribution, lawful provision shall be made so that the Warrants will be assumed by the surviving or transferee entity and the holder of the Warrants shall have the right thereafter to receive upon the exercise thereof, the kind and amount of shares of stock or other securities or property, and in such proportion as adjusted, which such holder would have been entitled to receive if, immediately prior to any such reorganization, reclassification, consolidation, merger, sale or liquidating distribution, as the case may be, such holder had held the number of shares of common capital stock of the Company that were then purchasable upon the exercise of the Warrants. In any such case, appropriate adjustment (as reasonably determined by the Board of Directors of the Company) shall be made in the application of the provisions set forth herein with respect to the rights and interests thereafter of the holder of the Warrants such that the provisions set forth in this Paragraph 3 (including provisions with respect to the Exercise Price) shall thereafter be applicable, as nearly as is reasonably practicable, in relation to any shares of stock or other securities or property thereafter deliverable upon the exercise of the Warrants.
 

 F.
 The Warrants shall not be transferable by the holder thereof except to an affiliate controlling, controlled by of under common control of such holder (collectively, “Affiliates”, without the prior written consent of the Company in each instance as determined inn its sole and absolute discretion. For so long as Lender and/or any of its Affiliates holds any Warrants, Lender shall not, and shall not permit any of its Affiliates to, short any share of any class of common capital stock of the Company, or cause any other person, entity or group to short any class of common capital stock of the Company, or act in concert with any other person, entity or group to short any class of common capital stock of the Company.
 

 G.
 The Company shall, at its sole cost and expense, provide to the holder of shares of common capital stock of the Company issued upon exercise of the Warrants upon request a legal opinion from legal counsel to the Company that the offer or sale of such shares of capital stock of the Company issued so issued by such holder is exempt from any registration requirements pursuant to Rule 144 (so long as and to the extent the requirements of Rule 144 are satisfied). 
 

 4.
 Lender is an “accredited investor” as that term is defined in Rule 501 of Regulation D under the Securities Act and is not (i) an officer or director of the Company, (ii) an “affiliate” (as defined in Rule 144 of the Securities Act) of the Company or (iii) a “beneficial owner” of more than ten percent (10%) of the shares of common capital stock of the Company (as defined for purposes of Rule 13d-3 of the 1934 Act) of the Company. Lender is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to this Letter Agreement or the other Loan Documents or the transactions contemplated hereby and thereby. By reason of its business and financial experience, Lender has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the investment in the Note and Warrants, has the capacity to protect its own interests, and is able to bear the economic risk of such investment (including the complete loss thereof). Lender has conducted its own investigation of the Company and, to the extent deemed necessary or advisable by Lender, has retained and relied upon qualified professional
 

 7
 

 
 advice regarding the investment, tax and legal merits and consequences of this Letter Agreement and the other Loan Documents and an investment in the Note and Warrants. Lender and its advisors, if any, have been furnished with all materials relating to the business, finances and operations of the Company and with all materials relating to the offer and sale of the Note and Warrants which have been requested by Lender, and have been afforded the opportunity to ask questions of the Company.
 

 5.
 The Company shall reimburse Lender for all attorneys’ fees and costs up to Five Thousand Dollars ($5,000.00) incurred by Lender in connection with the negotiation, preparation and consummation of the Loan Documents. Except as provided in the preceding sentence,  each Party shall be responsible for all costs and expenses, including, without limitation, attorneys’ fees and costs, incurred by such party in connection with the negotiation, preparation and consummation of the Loan Documents.
 

 6.
 The prevailing party shall be entitled to recover its reasonable attorneys’ fees and costs incurred in any action, suit, arbitration or other proceeding under, arising from or related to this Letter Agreement or any other Loan Document, the validity hereof or thereof or the transactions contemplated hereby or thereby, in addition to any other relief to which such party may be entitled.
  
 If this letter correctly sets forth our agreement regarding the financing transaction described above. Please sign and return a copy of this letter to the undersigned to indicate your agreement.
  
 Very truly yours,
 POLY SHIELD TECHNOLOGIES, INC.
 

 

 By: /s/ Brad Eckenweiler
 Name: Brad Eckenweiler
 Title: CEO
 

 READ AND AGREED:
 

 KF BUSINESS VENTURES, LP
 

 By: KOPPLE FINANCIAL, INC.,
        Its General Partner
 

 

        By:  /s/ Robert C. Kopple
                  Robert C. Kopple, Its President
 

 

 

 

 

 

 8

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