Document:

Exhibit 4.1 

 

 

STOCKHOLDER PROTECTION RIGHTS AGREEMENT

 

dated as of

 

April 22, 2020

 

between

 

SPIRIT AEROSYSTEMS HOLDINGS, INC.

 

and

 

COMPUTERSHARE INC.

 

as Rights Agent

 

 

 

     

     

    

 

STOCKHOLDER PROTECTION
RIGHTS AGREEMENT

 

Table of Contents

 

Page

 

	ARTICLE I 

DEFINITIONS
	 
	1.1	Definitions	2
	 	 
	ARTICLE II 

THE RIGHTS
	 
	2.1	Summary of Rights	14
	2.2	Legend	14
	2.3	Exercise of Rights; Separation of Rights	15
	2.4	Adjustments to Exercise Price; Number of Rights	19
	2.5	Date on Which Exercise is Effective	21
	2.6	Execution, Authentication, Delivery and Dating of Rights Certificates	22
	2.7	Registration, Registration of Transfer and Exchange	23
	2.8	Mutilated, Destroyed, Lost and Stolen Rights Certificates	25
	2.9	Persons Deemed Owners	26
	2.10	Delivery and Cancellation of Certificates	27
	2.11	Agreement of Rights Holders	27
	 	 
	ARTICLE III 

ADJUSTMENTS TO THE RIGHTS IN

 THE EVENT OF CERTAIN TRANSACTIONS
	 
	3.1	Flip-in	29
	3.2	Flip-over	34
	 	 
	ARTICLE IV

 

THE RIGHTS AGENT
	 
	4.1	General	36
	4.2	Merger or Consolidation or Change of Name of Rights Agent	37
	4.3	Duties of Rights Agent	38
	4.4	Change of Rights Agent	44

 

    -i-

     

    

 

	ARTICLE V

 

MISCELLANEOUS
	 
	5.1	Redemption	45
	5.2	Expiration	46
	5.3	Issuance of New Rights Certificates	46
	5.4	Supplements and Amendments	47
	5.5	Fractional Shares	48
	5.6	Rights of Action	49
	5.7	Holder of Rights Not Deemed a Stockholder	49
	5.8	Notice of Proposed Action	50
	5.9	Notices	50
	5.10	Suspension of Exercisability or Exchangeability	51
	5.11	Successors	52
	5.12	Benefits of this Agreement	52
	5.13	Determination and Actions by the Board of Directors, etc.	52
	5.14	Descriptive Headings; Section References	53
	5.15	GOVERNING LAW; EXCLUSIVE JURISDICTION	53
	5.16	Counterparts	53
	5.17	Severability	54
	5.18	Customer Identification Program	55
	5.19	Withholding	56

 

EXHIBITS

 

	Exhibit A	Form of Rights Certificate (together with Form of Election to Exercise)
	Exhibit B	Form of Certificate of Designation and Terms of Participating Preferred Stock

 

    -ii-

     

    

 

STOCKHOLDER
PROTECTION RIGHTS AGREEMENT

 

STOCKHOLDER PROTECTION RIGHTS AGREEMENT (as
amended from time to time, this “Agreement”), dated as of April 22, 2020, between Spirit AeroSystems Holdings, Inc.,
a Delaware corporation (the “Company”), and Computershare Inc. as Rights Agent (the “Rights Agent”, which
term shall include any successor Rights Agent hereunder).

 

WITNESSETH:

 

WHEREAS, the Board of Directors of the Company
(the “Board of Directors”) has (a) authorized and declared a dividend of one right (“Right”) in respect
of each share of Common Stock (as hereinafter defined) held of record as of the Close of Business (as hereinafter defined) on
May 1, 2020 (the “Record Time”) payable in respect of each such share upon the later of the Record Time and
certification by the New York Stock Exchange (“NYSE”) to the Securities and Exchange Commission that the Rights have
been approved for listing and registration (the “Payment Time”) and (b) as provided in Section 2.4, authorized
the issuance of one Right in respect of each share of Common Stock issued after the Record Time and prior to the Separation Time
(as hereinafter defined) and, to the extent provided in Section 5.3, each share of Common Stock issued after the Separation
Time;

 

WHEREAS, subject to the terms and conditions
hereof, each Right entitles the holder thereof, at or after the Separation Time, to purchase securities or assets of the Company
(or, in certain cases, securities of certain other entities) pursuant to the terms and subject to the conditions set forth herein;
and

 

     

     

    

 

WHEREAS, the Company desires to appoint the
Rights Agent to act on behalf of the Company, and the Rights Agent is willing so to act, in connection with the issuance, transfer
and exchange of Rights Certificates (as hereinafter defined), the exercise of Rights and other matters referred to herein;

 

NOW THEREFORE, in consideration of the premises
and the respective agreements set forth herein, the parties hereby agree as follows:

 

ARTICLE
I

DEFINITIONS

 

1.1             
Definitions. For purposes of this Agreement, the following terms have the meanings indicated:

 

“Acquiring Person” shall
mean any Person who is or becomes the Beneficial Owner of 10% (20% in the case of a Passive Institutional Investor (as
hereinafter defined)) or more of the outstanding shares of Common Stock at any time after the first public announcement of
this Agreement; provided, however, that the term “Acquiring Person” shall not include any Person
(i) who is the Beneficial Owner of 10% (20% in the case of a Passive Institutional Investor) or more of the outstanding
shares of Common Stock at the time of the first public announcement of the adoption of this Agreement and who continuously
thereafter is the Beneficial Owner of 10% (20% in the case of a Passive Institutional Investor) or more of the outstanding
shares of Common Stock, until such time thereafter as such Person becomes the Beneficial Owner (other than by means of a
stock dividend, stock split or reclassification) of additional shares of Common Stock that, in the aggregate, amount to 0.1%
or more of the outstanding shares of Common Stock, (ii) who becomes the Beneficial Owner of 10% (20% in the case of a Passive
Institutional Investor) or more of the outstanding shares of Common Stock after the time of the first public announcement of
this Agreement solely as a result of (A) an acquisition by the Company of shares of Common Stock until such time after the
public announcement by the Company of such repurchases as such Person becomes the Beneficial Owner (other than by means of a
stock dividend, stock split or reclassification) of additional shares of Common Stock that, in the aggregate, amounts to 0.1%
or more of the outstanding shares of Common Stock while such Person is or as a result of which such Person becomes the
Beneficial Owner of 10% (20% in the case of a Passive Institutional Investor) or more of the outstanding shares of Common
Stock or (B) the occurrence of a Flip-in Date which has not resulted from the acquisition of Beneficial Ownership of Common
Stock by such Person or any of such Person’s Affiliates or Associates, (iii) who would otherwise be an “Acquiring
Person” but who acquired Beneficial Ownership of shares of Common Stock without any plan or intention to seek or affect
control of the Company, if such Person promptly divests, or promptly enters into an agreement with, and satisfactory to, the
Board of Directors, in the Board of Directors’ sole discretion, to divest, and subsequently divests in accordance with
the terms of such agreement (without exercising or retaining any power, including voting power, with respect to such shares),
sufficient shares of Common Stock (or securities convertible into, exchangeable into or exercisable for Common Stock or
otherwise deemed to be Beneficially Owned by such Person) so that such Person would no longer otherwise qualify as an
 “Acquiring Person” or (iv) who Beneficially Owns shares of Common Stock consisting solely of one or more of
(A) shares of Common Stock Beneficially Owned pursuant to the grant or exercise of an option granted to such Person (an
 “Option Holder”) by the Company in connection with an agreement to merge with, or acquire, the Company entered
into prior to a Flip-in Date, (B) shares of Common Stock (or securities convertible into, exchangeable into or
exercisable for Common Stock or otherwise deemed to be Beneficially Owned by such Person) Beneficially Owned by such Option
Holder or its Affiliates or Associates at the time of grant of such option and (C) shares of Common Stock (or securities
convertible into, exchangeable into or exercisable for Common Stock or otherwise deemed to be Beneficially Owned by such
Person) acquired by Affiliates or Associates of such Option Holder after the time of such grant that, in the aggregate,
amount to less than 1% of the outstanding shares of Common Stock; provided, further, that the term
 “Acquiring Person” shall not include (x) the Company, any Subsidiary of the Company and any employee stock
ownership or other employee benefit plan of the Company or a Subsidiary of the Company (or any entity or trustee holding
shares of Common Stock for or pursuant to the terms of any such plan or for the purpose of funding any such plan or funding
other employee benefits for employees of the Company or of any Subsidiary of the Company) or (y) a Passive Institutional
Investor, so long as, in the case of clause (y), such Passive Institutional Investor is not the Beneficial Owner of 20% or
more of the shares of Common Stock then outstanding, but subject to the provisions in the definition of “Passive
Institutional Investor”.

 

    -2-

     

    

 

“Affiliate” and “Associate”
shall have the respective meanings ascribed to such terms in Rule 12b-2 under the Exchange Act, as such Rule is in effect
on the date of this Agreement.

 

“Agreement” shall have the meaning
set forth in the Preamble.

 

    -3-

     

    

 

A Person shall be deemed the “Beneficial
Owner”, and to have “Beneficial Ownership” of, and to “Beneficially Own”, (i) any
securities as to which such Person or any of such Person’s Affiliates or Associates is or may be deemed to be the
beneficial owner pursuant to Rules 13d-3 and 13d-5 under the Exchange Act, as such Rules are in effect on the date of
this Agreement, (ii) any securities as to which such Person or any of such Person’s Affiliates or Associates has
the right to become the beneficial owner (whether such right is exercisable immediately or only after the passage of time or
the occurrence of conditions) pursuant to any agreement, arrangement or understanding, whether or not in writing (other than
customary agreements with and between underwriters and selling group members with respect to a bona fide public offering of
securities), or upon the exercise of conversion rights, exchange rights, rights (other than the Rights), warrants or options,
or otherwise, (iii) any securities which are Beneficially Owned, directly or indirectly, by any other Person (or any
Affiliate or Associate thereof) with whom such Person has an agreement, arrangement or understanding to act together for the
purpose of acquiring, holding, voting or disposing of any securities of the Company and (iv) solely for purposes of
determining whether any Person is an Acquiring Person, any securities that such Person or any of such Person’s
Affiliates or Associates are determined to Constructively Own; provided, however, that a Person shall not be
deemed the “Beneficial Owner”, or to have “Beneficial Ownership” of, or to “Beneficially
Own”, any security (A) solely because such security has been tendered pursuant to a tender or exchange offer made
by such Person or any of such Person’s Affiliates or Associates until such tendered security is accepted for payment or
exchange or (B) solely because such Person or any of such Person’s Affiliates or Associates has or shares the
power to vote or direct the voting of such security pursuant to a revocable proxy or consent given in response to a public
proxy or consent solicitation made to more than ten holders of shares of a class of stock of the Company registered under
Section 12 of the Exchange Act and pursuant to, and in accordance with, the applicable rules and regulations under the
Exchange Act, unless such power (or the arrangements relating thereto) is then reportable under Item 6 of
Schedule 13D under the Exchange Act (or any similar provision of a comparable or successor report). For purposes of this
Agreement, in determining the percentage of the outstanding shares of Common Stock with respect to which a Person is the
Beneficial Owner, all shares as to which such Person is deemed the Beneficial Owner shall be deemed outstanding.

 

“Board of Directors” shall have
the meaning set forth in the Recitals.

 

“Business Day” shall mean any
day other than a Saturday, Sunday or a day on which banking institutions in New York, New York are generally authorized or obligated
by law or executive order to close.

 

“Close of Business” on any given
date shall mean 5:00 p.m. New York City time on such date or, if such date is not a Business Day, 5:00 p.m. New York City time
on the next succeeding Business Day.

 

“Common Stock” shall mean the
shares of Class A Common Stock, par value $0.01 per share, of the Company.

 

“Company” shall have the meaning
set forth in the preamble.

 

A Person shall be determined to
 “Constructively Own” shares of Common Stock in respect of which such Person has a Synthetic Long Position,
calculated in the manner set forth below, if the Board of Directors, by a majority vote, determines that such Person is
seeking to use the existence of such Synthetic Long Position, in combination with other securities Beneficially Owned by such
Person, for the purpose or effect of changing or influencing control of the Company. The number of shares of Common Stock in
respect of a Synthetic Long Position that may be determined to be “Constructively Owned” is the notional or other
number of shares of Common Stock in respect of such Synthetic Long Position that is specified in a filing by such Person or
any of such Person’s Affiliates or Associates with the Securities and Exchange Commission or in the documentation
evidencing such Synthetic Long Position as the basis upon which the value or settlement amount of such right or derivative,
or the opportunity of the holder of such right or derivative to profit or share in any profit, is to be calculated in whole
or in part and, in any case, including if no such number of shares of Common Stock is specified in any filing or
documentation, as determined by the Board of Directors to be the number of shares of Common Stock to which such Synthetic
Long Position relates.

 

    -4-

     

    

 

“Credit Agreement” shall
mean the Second Amended and Restated Credit Agreement, dated as of July 12, 2018, by and among the Company, Spirit
AeroSystems, Inc., the other guarantors party thereto from time to time, the lender party thereto from time to time, and Bank
of America, N.A., as administrative agent and collateral agent, as amended by that certain First Amendment to Second Amended
and Restated Credit Agreement, dated as of February 24, 2020, that certain Second Amendment to Second Amended and Restated
Credit Agreement, dated as of March 30, 2020, that certain Third Amendment to Second Amended and Restated Credit Agreement,
dated as of April 10, 2020, that certain Fourth Amendment to Second Amended and Restated Credit Agreement, dated as of April
13, 2020, that certain Fifth Amendment to Second Amended and Restated Credit Agreement, dated as of April 20, 2020, and as
further amended, restated, amended and restated, supplemented and/or otherwise modified from time to time.

 

    -5-

     

    

 

“Election to Exercise” shall have
the meaning set forth in Section 2.3(d).

 

“Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended from time to time.

 

“Exchange Ratio” shall have the
meaning set forth in Section 3.1(c).

 

“Exchange Time” shall mean the
time at which the right to exercise the Rights shall terminate pursuant to Section 3.1(c).

 

“Exercise Price” shall mean, as
of any date, the price at which a holder may purchase the securities issuable upon exercise of one whole Right. Until adjustment
thereof in accordance with the terms hereof, the Exercise Price shall equal $140.00.

 

“Expansion Factor” shall have
the meaning set forth in Section 2.4(a).

 

“Expiration Time” shall mean
the earliest of (i) the Exchange Time, (ii) the Redemption Time, (iii) the Close of Business on the first
anniversary of the date of this Agreement, unless this Agreement is ratified by the stockholders of the Company by a vote of
the majority of the votes cast by the holders of shares entitled to vote thereon at a stockholders meeting held on or prior
to such date, in which case the Expiration Time shall be the third anniversary of the date of this Agreement and unless, for
purposes of this clause (iii), extended by action of the Board of Directors (in which case the applicable time shall be the
time to which it has been so extended) and (iv) immediately prior to the effective time of a consolidation, merger or
statutory share exchange that does not constitute a Flip-over Transaction or Event in which the Common Stock is converted
into, or into the right to receive, another security, cash or other consideration.

 

    -6-

     

    

 

“Flip-in Date” shall mean any
Stock Acquisition Date or such later date as the Board of Directors may from time to time fix by resolution adopted prior to the
Flip-in Date that would otherwise have occurred.

 

“Flip-over Entity,” for purposes
of Section 3.2, shall mean (i) in the case of a Flip-over Transaction or Event described in clause (i) of the definition
thereof, the Person issuing any securities into which shares of Common Stock are being converted or exchanged and, if no such securities
are being issued, the other Person that is a party to such Flip-over Transaction or Event and (ii) in the case of a Flip-over
Transaction or Event referenced in clause (ii) of the definition thereof, the Person receiving the greatest portion of the
(A) assets or, if (A) is not readily determinable, (B) operating income or cash flow being transferred in such Flip-over
Transaction or Event, provided, that in all cases if such Person is a Subsidiary of another Person, the ultimate parent
entity of such Person shall be the Flip-over Entity.

 

“Flip-over Stock” shall mean the
capital stock (or similar equity interest) with the greatest voting power in respect of the election of directors (or other Persons
similarly responsible for the direction of the business and affairs) of the Flip-over Entity.

 

    -7-

     

    

 

“Flip-over Transaction or
Event” shall mean a transaction or series of transactions, on or after a Flip-in Date, in which, directly or
indirectly, (i) the Company shall consolidate or merge or participate in a statutory share exchange with any other
Person if, immediately prior to the time of consummation of the consolidation, merger or statutory share exchange or at the
time the Company enters into any agreement with respect to any such consolidation, merger or statutory share exchange, the
Acquiring Person is the Beneficial Owner of 50% or more of the outstanding shares of Common Stock or controls the Board of
Directors and either (A) any term of or arrangement concerning the treatment of shares of capital stock in such
consolidation, merger or statutory share exchange relating to the Acquiring Person is not identical to the terms and
arrangements relating to other holders of the Common Stock or (B) the Person with whom the transaction or series of
transactions occurs is the Acquiring Person or an Affiliate or Associate of the Acquiring Person or (ii) the Company
shall sell or otherwise transfer (or one or more of its Subsidiaries shall sell or otherwise transfer) assets
(A) aggregating more than 50% of the assets (measured by either book value or fair market value) or (B) generating
more than 50% of the operating income or cash flow, of the Company and its Subsidiaries (taken as a whole) to any Person
(other than the Company or one or more of its wholly owned Subsidiaries) or to two or more such Persons that are Affiliates
or Associates or otherwise acting in concert, if, at the time of the entry by the Company (or any such Subsidiary) into an
agreement with respect to such sale or transfer of assets, the Acquiring Person or any of its Affiliates or Associates
controls the Board of Directors. For purposes of the foregoing description, the term “Acquiring Person” shall
include any Acquiring Person and its Affiliates and Associates, counted together as a single Person. An Acquiring Person
shall be deemed to control the Board of Directors when, on or following a Stock Acquisition Date, the persons who were
directors of the Company (or persons nominated and/or appointed as directors by vote of a majority of such persons) before
the Stock Acquisition Date shall cease to constitute a majority of the Board of Directors.

 

    -8-

     

    

 

“Market Price” per share of any securities on
any date shall mean the average of the daily closing prices per share of such securities (determined as described below) on
each of the 20 consecutive Trading Days through and including the Trading Day immediately preceding such date; provided, however,
that if any event described in Section 2.4, or any analogous event, shall have caused the closing prices used to
determine the Market Price on any Trading Days during such period of 20 Trading Days not to be fully comparable with the
closing price on such date, each such closing price so used shall be appropriately adjusted by the Board of Directors in
order to make it fully comparable with the closing price on such date. The closing price per share of any securities on any
date shall be the last reported sale price, regular way, or, in case no such sale takes place or is quoted on such date, the
average of the closing bid and asked prices, regular way, for each share of such securities, in either case as reported in
the principal consolidated transaction reporting system with respect to securities listed on the NYSE or, if the securities
are not listed on the NYSE, as reported on NASDAQ or, if the securities are not listed on NASDAQ, as reported in the
principal consolidated transaction reporting system with respect to the principal national securities exchange on which the
securities are listed or admitted to trading or, if the securities are not listed or admitted to trading on any national
securities exchange, as reported by such other quotation system then in use or, if on any such date the securities are not
listed or admitted to trading on any national securities exchange or quoted by any such quotation system, the average of the
closing bid and asked prices in the over-the-counter market as furnished by a professional market maker making a market in
the securities selected by the Board of Directors; provided, however, that if on any such date the securities
are not listed or admitted to trading on a national securities exchange or traded in the over-the-counter market, the closing
price per share of such securities on such date shall mean the fair value per share of such securities on such date as
determined in good faith by the Board of Directors, after consultation with a nationally recognized investment banking firm,
and set forth in a certificate delivered to the Rights Agent.

 

    -9-

     

    

 

“NASDAQ” means the NASDAQ Stock
Market.

 

“NYSE” shall have the meaning
set forth in the Recitals.

 

“Option Holder” shall have the
meaning set forth in the definition of Acquiring Person.

 

“Passive Institutional
Investor” shall mean any Person who or which has reported or is required to report Beneficial Ownership of shares of
Common Stock on Schedule 13G under the Exchange Act (or any comparable or successor report), but only so long as (i) such
Person is eligible to report such ownership on Schedule 13G under the Exchange Act (or any comparable or successor report),
and (ii) such Person has not reported and is not required to report such ownership on Schedule 13D under the Exchange Act (or
any comparable or successor report) and such Person does not hold shares of Common Stock on behalf of any other Person who is
required to report Beneficial Ownership of shares of Common Stock on such Schedule 13D; provided that if a
formerly Passive Institutional Investor should report or become required to report Beneficial Ownership of shares of Common
Stock on Schedule 13D, that formerly Passive Institutional Investor will not be deemed to be or to have become an Acquiring
Person if (A) at the time it reports or becomes required to report Beneficial Ownership of shares of Common Stock on Schedule
13D, that formerly Passive Institutional Investor has Beneficial Ownership of less than 10% of the Common Stock then
outstanding; or (B) (1) it divests as promptly as practicable (but in any event not later than ten calendar days after
becoming required to report on Schedule 13D) Beneficial Ownership of a sufficient number of shares of Common Stock so that it
would no longer be an “Acquiring Person,” as defined herein, and (2) prior to reducing its Beneficial Ownership
of shares of Common Stock then outstanding to below 10%, it does not increase its Beneficial Ownership of the Common Stock
then outstanding (other than by reason of share purchases by the Company) above such Person’s lowest Beneficial
Ownership of the Common Stock then outstanding at any time during such ten calendar day period.

 

    -10-

     

    

 

“Payment Time” shall have the
meaning set forth in the Recitals.

 

“Person” shall mean any individual,
firm, partnership, limited liability company, trust, association, group (as such term is used in Rule 13d-5 under the Exchange
Act, as such Rule is in effect on the date of this Agreement), corporation or other entity.

 

“Preferred Stock” shall mean the
series of Participating Preferred Stock, par value $0.01 per share, of the Company created by a Certificate of Designation and
Terms in substantially the form set forth in Exhibit B hereto appropriately completed.

 

“Record Time” shall have the meaning
set forth in the Recitals.

 

“Redemption Price” shall mean
an amount equal to one tenth of one cent, $0.0001.

 

“Redemption Time” shall mean the
time at which the right to exercise the Rights shall terminate pursuant to Section 5.1.

 

“Right” shall have the meaning
set forth in the Recitals.

 

    -11-

     

    

 

“Rights Agent” shall have the
meaning set forth in the Preamble.

 

“Rights Certificate” shall have
the meaning set forth in Section 2.3(c).

 

“Rights Register” shall have the
meaning set forth in Section 2.7(a).

 

“Separation Time” shall mean the
next Business Day following the earlier of (i) the tenth Business Day (or such later date as the Board of Directors may from
time to time fix by resolution adopted prior to the Separation Time that otherwise would have occurred) after the date on which
any Person commences a tender or exchange offer that, if consummated, would result in such Person becoming an Acquiring Person
and (ii) the Flip-in Date; provided, that if the foregoing results in the Separation Time being prior to the Record
Time, the Separation Time shall be the Record Time and provided further, that if any tender or exchange offer referenced
in clause (i) of this paragraph is cancelled, terminated or otherwise withdrawn prior to the Separation Time without the purchase
of any shares of Common Stock pursuant thereto, such offer shall be deemed, for purposes of this paragraph, never to have been
made.

 

“Stock Acquisition Date” shall
mean the earlier of (i) the first date on which there shall be a public announcement by the Company (by any means) that a
Person has become an Acquiring Person, which announcement makes express reference to such status as an Acquiring Person pursuant
to this Agreement, or (ii) the date on which any Acquiring Person becomes the Beneficial Owner of more than 40% of the outstanding
shares of Common Stock, excluding for this purpose any shares determined to be Constructively Owned.

 

“Subsidiary” of any specified
Person shall mean any corporation or other entity of which a majority of the voting power of the equity securities or a majority
of the equity or membership interest is Beneficially Owned, directly or indirectly, by such Person.

 

    -12-

     

    

 

“Synthetic Long Position” shall
mean any option, warrant, convertible security, stock appreciation right, swap agreement or other security, contract right or derivative
position, whether or not presently exercisable, that has an exercise or conversion privilege or a settlement payment or other mechanism
at a price related to the value of Common Stock or a value determined in whole or part with reference to, or derived in whole or
in part from, the value of Common Stock and that increases in value as the value of Common Stock increases or that provides to
the holder an opportunity, directly or indirectly, to profit or share in any profit derived from any increase in the value of Common
Stock, in any case without regard to whether (i) such derivative conveys any voting rights in such securities to such Person
or any of such Person’s Affiliates or Associates, (ii) such derivative is required to be, or capable of being, settled
through delivery of such securities, or (iii) such Person or any of such Person’s Affiliates or Associates may have
entered into other transactions that hedge the economic effect of such derivative. A Synthetic Long Position shall not include
any interests, rights, options or other securities set forth in Rule 16a-1(c)(1)-(5) or (7) promulgated pursuant to the Exchange
Act.

 

“Trading Day,” when used
with respect to any securities, shall mean a day on which the nyse is open for
the transaction of business or, if such securities are not listed or admitted to trading on the NYSE, a day on which the
principal national securities exchange on which such securities are listed or admitted to trading is open for the transaction
of business or, if such securities are not listed or admitted to trading on any national securities exchange, a Business
Day.

 

    -13-

     

    

 

“Trading Regulation” shall have
the meaning set forth in Section 2.3(c).

 

“Trust” shall have the meaning
set forth in Section 3.1(c).

 

“Trust Agreement” shall have the
meaning set forth in Section 3.1(c).

 

“Vice President,” when used with
respect to the Company, means any vice president, whether or not designated by a number or a word or words added before or after
the title “vice president.”

 

ARTICLE
II

THE RIGHTS

 

2.1             
Summary of Rights. As soon as practicable after the Record Time, the Company will mail a letter summarizing the terms
of the Rights to each holder of record of Common Stock as of the Record Time, at such holder’s address as shown by the records
of the Company.

 

2.2             
Legend. Certificates for the Common Stock or, if a certificate has not been issued, the registration of the Common
Stock on the stock transfer books of the Company, issued on or after the Record Time but prior to the Separation Time, shall evidence
one Right for each share of Common Stock represented thereby and the Company shall mail to every Person that acquires Common Stock
after the Payment Time, but prior to the Separation Time, either certificates for such Common Stock or a confirmation of the registration
of such Common Stock on the stock transfer books of the Company, which certificates or confirmation shall have impressed on, printed
on, written on or otherwise affixed to them a legend substantially in the following form:

 

    -14-

     

    

 

Until the Separation Time (as defined in the Rights
Agreement referred to below), this also evidences and entitles the holder hereof to certain Rights as set forth in a Rights Agreement,
dated as of April 22, 2020 (as such may be amended from time to time, the “Rights Agreement”), between Spirit AeroSystems
Holdings, Inc. (the “Company”) and Computershare Inc. (and any successor thereto), as Rights Agent, the terms of which
are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of the Company. Under
certain circumstances, as set forth in the Rights Agreement, such Rights may be redeemed, may become exercisable for securities
or assets of the Company or securities of another entity, may be exchanged for shares of Common Stock or other securities or assets
of the Company, may expire, may become null and void (including if they are “Beneficially Owned” by an “Acquiring
Person” or an Affiliate or Associate thereof, as such terms are defined in the Rights Agreement, or by any transferee of
any of the foregoing) or may be evidenced by separate certificates and may no longer be evidenced hereby. The Company will mail
or arrange for the mailing of a copy of the Rights Agreement to the holder hereof without charge after the receipt of a written
request therefor.

 

Certificates representing shares of Common Stock that are issued
and outstanding at the Payment Time (or confirmation of the registration of the Common Stock on the stock transfer books with respect
to uncertificated shares), shall, together with the letter mailed pursuant to Section 2.1, evidence one Right for each share of
Common Stock evidenced thereby notwithstanding the absence of the foregoing legend.

 

The Company shall mail or arrange for the
mailing of a copy of this Agreement to any Person that holds Common Stock, as evidenced by the registration of the Common Stock
in the name of such Person on the stock transfer books of the Company, without charge after the receipt of a written request therefor.

2.3              Exercise
of Rights; Separation of Rights. (a) Subject to Sections 3.1, 5.1 and 5.10 and subject to adjustment as herein set
forth, each Right will entitle the holder thereof, at or after the Separation Time and prior to the Expiration Time, to
purchase, for the Exercise Price, one one-thousandth of a share of Preferred Stock.

 

    -15-

     

    

 

 

 

(b)              
Until the Separation Time, (i) no Right may be exercised and (ii) each Right will be evidenced by the certificate
for the associated share of Common Stock (or, if the Common Stock shall be uncertificated, by the registration of the associated
Common Stock on the stock transfer books of the Company and any confirmation thereof provided for in Section 2.2), together, in
the case of shares acquired prior to the Payment Time, with the letter mailed to the record holder thereof pursuant to Section 2.1,
and will be transferable only together with, and will be transferred by a transfer (whether with or without such letter or confirmation)
of, such associated share.

 

(c)               Subject
to the terms and conditions hereof, at or after the Separation Time and prior to the Expiration Time, (i) the Rights may
be exercised pursuant to Section 2.3(d) below, (ii) the Rights will be transferred independent of shares of Common Stock and
(iii) the Rights Agent will promptly, at the Company’s expense, if requested by the Company and provided with all
necessary information, mail to each holder of record of Common Stock (provided that the Board of Directors has not elected to
exchange all of the then outstanding Rights pursuant to Section 3.1(c)) as of the Separation Time (other than any Person
whose Rights have become null and void pursuant to Section 3.1(b)), at such holder’s address as shown by the records of
the Company (the Company hereby agreeing to furnish, or cause to be furnished by the transfer agent or registrar for the
Common Stock, copies of such records to the Rights Agent for this purpose), (x) a certificate (a “Rights
Certificate”) in substantially the form of Exhibit A hereto appropriately completed, representing the number of
Rights held by such holder at the Separation Time and having such marks of identification or designation and such legends,
summaries or endorsements printed thereon as the Company may deem appropriate and as are not inconsistent with the provisions
of this Agreement and as do not affect the rights, liabilities, responsibilities or duties of the Rights Agent, or as may be
required to comply with any law, rule or regulation or with any rule or regulation of any national securities exchange or
quotation system on which the Rights may from time to time be listed or traded (“Trading Regulation”), or to
conform to usage, and (y) a disclosure statement describing the Rights. Receipt of a Rights Certificate by any Person
shall not preclude a later determination that such Rights are null and void pursuant to Section 3.1(b). The Company may
implement such procedures as it deems appropriate, in its sole discretion, to minimize the possibility that Rights are
received by Persons with respect to whom Rights would be null and void under Section 3.1(b).

 

    -16-

     

    

 

(d)               Subject
to the terms and conditions hereof, Rights may be exercised on any Business Day at or after the Separation Time and prior to
the Expiration Time by submitting to the Rights Agent the Rights Certificate evidencing such Rights with an Election to
Exercise (an “Election to Exercise”) substantially in the form attached to the Rights Certificate duly executed
and properly completed, accompanied by a signature guarantee from an eligible guarantor institution participating in a
signature guarantee program approved by the Securities Transfer Association (a “signature guarantee”) and such
other documentation as the Rights Agent may reasonably request together with payment in cash, or by certified or official
bank check or money order payable to the order of the Company, of a sum equal to the Exercise Price multiplied by the number
of Rights being exercised and a sum sufficient to cover any tax or charge that may be payable in respect of any transfer
involved in the transfer or delivery of Rights Certificates or the issuance or delivery of certificates (or, if
uncertificated, the registration on the stock transfer books of the Company) for shares or depositary receipts (or both) in a
name other than that of the holder of the Rights being exercised.

 

(e)              
Upon receipt of a Rights Certificate, with a properly completed and duly executed Election to Exercise accompanied by a
signature guarantee together with payment as set forth in Section 2.3(d), and subject to the terms and conditions hereof,
the Rights Agent will thereupon promptly (i)(A) requisition from a transfer agent stock certificates evidencing such number of
shares or other securities to be purchased or, in the case of uncertificated shares or other securities, requisition from a transfer
agent a notice setting forth such number of shares or other securities to be purchased for which registration will be made on the
stock transfer books of the Company (the Company hereby irrevocably authorizing its transfer agents to comply with all such requisitions),
and (B) if the Company elects pursuant to Section 5.5 not to issue certificates (or effect registrations on the stock
transfer books of the Company) representing fractional shares, requisition from the depositary selected by the Company depositary
receipts representing the fractional shares to be purchased (the Company hereby irrevocably authorizes each such depositary agent
to comply with such requisitions) or, when necessary to comply with this Agreement, requisition from the Company the amount of
cash to be paid in lieu of fractional shares in accordance with Section 5.5, and (ii) after receipt of such certificates,
depositary receipts, notices and/or, when necessary to comply with this Agreement, cash, cause the same to be delivered to or upon
the order of the registered holder of such Rights Certificate, registered (in the case of certificates, depositary receipts or
notices) in such name or names as may be designated by such holder.

 

    -17-

     

    

 

(f)               
In case the holder of any Rights shall exercise less than all of the Rights evidenced by such holder’s Rights Certificate,
a new Rights Certificate evidencing the Rights remaining unexercised will be issued by the Rights Agent to such holder or to such
holder’s duly authorized assigns.

 

(g)              
The Company covenants and agrees that it will (i) take all such action as may be necessary to ensure that all shares
delivered (or evidenced by registration on the stock transfer books of the Company) upon exercise of Rights shall, at the time
of delivery of the certificates (or registration) for such shares (subject to payment of the Exercise Price), be duly and validly
authorized, executed, issued and delivered (or registered) and fully paid and non-assessable; (ii) take all such action as
may be necessary to comply with any applicable requirements of the Securities Act of 1933, as amended from time to time or the
Exchange Act, and the rules and regulations thereunder, and any other applicable law, rule or regulation, in connection with the
issuance of any shares upon exercise of Rights; and (iii) pay when due and payable any and all federal and state taxes and
charges that may be payable in respect of the original issuance or delivery of the Rights Certificates or of any shares issued
upon the exercise of Rights, provided, that the Company shall not be required to pay any tax or charge that may be payable
in respect of any transfer involved in the transfer or delivery of Rights Certificates or the issuance or delivery of certificates
(or the registration) for shares in a name other than that of the holder of the Rights being transferred or exercised.

 

(h)              
Notwithstanding anything in this Agreement to the contrary, neither the Rights Agent nor the Company shall be obligated
to undertake any action with respect to the exercise or assignment of a Rights Certificate unless the registered holder of such
Rights Certificate shall have (i) properly completed and duly signed the certificate following the form of assignment or
the form of Election to Exercise, as applicable, set forth on the reverse side of the Rights Certificate surrendered for such
exercise or assignment, (ii) provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial
Owner) thereof and of the Rights evidenced thereby, and the Affiliates and Associates of such Beneficial Owner or former Beneficial
Owner, as the Company or the Rights Agent may reasonably request and (iii) paid a sum sufficient to cover any tax or charge that
may be imposed as required under Section 2.3(d).

 

    -18-

     

    

 

2.4              Adjustments
to Exercise Price; Number of Rights. (a) In the event the Company shall at any time after the Record Time and prior to
the Separation Time (i) declare or pay a dividend on Common Stock payable in Common Stock, (ii) subdivide the
outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares of Common Stock,
(x) the Exercise Price in effect after such adjustment will be equal to the Exercise Price in effect immediately prior
to such adjustment divided by the number of shares of Common Stock including any fractional shares in lieu of which such
holder received cash (the “Expansion Factor”) that a holder of one share of Common Stock immediately prior to
such dividend, subdivision or combination would hold thereafter as a result thereof and (y) each Right held prior to
such adjustment will become that number of Rights equal to the Expansion Factor, and the adjusted number of Rights will be
deemed to be distributed among the shares of Common Stock with respect to which the original Rights were associated (if they
remain outstanding) and the shares issued in respect of such dividend, subdivision or combination, so that each such share of
Common Stock will have exactly one Right associated with it. Each adjustment made pursuant to this paragraph shall be made as
of the payment or effective date for the applicable dividend, subdivision or combination.

 

In the event that the Company shall at any
time after the Record Time and prior to the Separation Time issue any shares of Common Stock otherwise than in a transaction referenced
in the preceding paragraph, each such share of Common Stock so issued shall automatically have one new Right associated with it,
which Right shall be evidenced by the certificate representing such share (or, if the Common Stock shall be uncertificated, such
Right shall be evidenced by the registration of such Common Stock on the stock transfer books of the Company and the confirmation
thereof provided for in Section 2.2). Rights shall be issued by the Company in respect of shares of Common Stock that are issued
or sold by the Company after the Separation Time only to the extent provided in Section 5.3.

 

    -19-

     

    

 

(b)               In
the event that the Company shall at any time after the Record Time and prior to the Separation Time issue or distribute any
securities or assets in respect of, in lieu of or in exchange for Common Stock (other than pursuant to any non-extraordinary
periodic cash dividend or a dividend paid solely in Common Stock) whether by dividend, in a reclassification or
recapitalization (including any such transaction involving a merger, consolidation or statutory share exchange), or
otherwise, the Company shall make such adjustments, if any, in the Exercise Price, number of Rights and/or securities or
other property purchasable upon exercise of Rights as the Board of Directors, in its sole discretion, may deem to be
appropriate under the circumstances, and the Company and the Rights Agent shall amend this Agreement as necessary to provide
for such adjustments.

 

(c)              
Each adjustment to the Exercise Price made pursuant to this Section 2.4 shall be calculated to the nearest cent. Whenever
an adjustment to the Exercise Price is made pursuant to this Section 2.4, the Company shall (i) promptly prepare a certificate
setting forth such adjustment and a brief statement of the facts accounting for such adjustment and (ii) promptly file with
the Rights Agent and with each transfer agent for the Common Stock a copy of such certificate. The Rights Agent shall be fully
protected in relying on any such certificate and on any adjustment or statement therein contained and shall have no duty or liability
with respect to, and shall not be deemed to have knowledge of, any adjustment or any such event unless and until it shall have
received such a certificate.

 

    -20-

     

    

 

(d)              
Rights Certificates shall represent the right to purchase the securities purchasable under the terms of this Agreement,
including any adjustment or change in the securities purchasable upon exercise of the Rights, even though such certificates may
continue to express the securities purchasable at the time of issuance of the initial Rights Certificates.

 

2.5              Date
on Which Exercise is Effective. Each Person in whose name any certificate for shares is issued (or registration on the
stock transfer books is effected) upon the exercise of Rights shall for all purposes be deemed to have become the holder of
record of the shares represented thereby at the Close of Business on the Business Day upon which the Rights Certificate
evidencing such Rights was duly surrendered and payment of the Exercise Price for such Rights (and any applicable taxes and
other charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such
surrender and payment is a date upon which the stock transfer books of the Company are closed, such Person shall be deemed to
have become the record holder of such shares on, and such certificate (or registration) shall be dated, the next succeeding
Business Day on which the stock transfer books of the Company are open.

 

    -21-

     

    

 

2.6             
Execution, Authentication, Delivery and Dating of Rights Certificates. (a) The Rights Certificates shall be executed
on behalf of the Company by its Chairman of the Board of Directors, President or one of its Vice Presidents and by its Secretary
or one of its Assistant Secretaries. The signature of any of these officers on the Rights Certificates may be manual or facsimile.

 

Rights Certificates bearing the manual or
facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding
that such individuals or any of them have ceased to hold such offices prior to the countersignature and delivery of such Rights
Certificates.

 

Promptly after the Separation Time, the
Company will notify the Rights Agent in writing of such Separation Time (and if such notification is given orally, the
Company shall confirm the same in writing on or prior to the Business Day next following) and will deliver Rights
Certificates executed by the Company to the Rights Agent for countersignature, and, subject to Sections 2.3(c) and 3.1(b),
the Rights Agent shall manually or by facsimile countersign and deliver such Rights Certificates to the holders of the Rights
pursuant to Section 2.3(c). Until the written notice provided for in this Section 2.6 is received by the Rights Agent,
the Rights Agent may presume conclusively for all purposes that the Separation Time has not occurred. No Rights Certificate
shall be valid for any purpose unless manually or by facsimile countersigned by the Rights Agent.

 

In case any authorized
signatory of the Rights Agent who has countersigned any of the Rights Certificates ceases to be an authorized signatory of
the Rights Agent before issuance and delivery by the Company, such Rights Certificates, nevertheless, may be issued and
delivered by the Company with the same force and effect as though the individual who countersigned such Rights Certificates
had not ceased to be an authorized signatory of the Rights Agent; and any Rights Certificates may be countersigned on behalf
of the Rights Agent by any individual who, at the actual date of the countersignature of such Rights Certificate, is properly
authorized to countersign such Rights Certificate, although at the date of the execution of this Agreement any such
individual was not so authorized.

 

    -22-

     

    

 

(b)              
Each Rights Certificate shall be dated the date of the countersignature thereof.

 

2.7             
Registration, Registration of Transfer and Exchange. (a) After the Separation Time, the Company will cause to be
kept a register (the “Rights Register”) in which, subject to such reasonable procedures as it may prescribe, the Company
will provide for the registration and transfer of Rights. The Rights Agent is hereby appointed “Rights Registrar” for
the purpose of maintaining the Rights Register for the Company and registering Rights and transfers of Rights after the Separation
Time as herein provided. In the event that the Rights Agent shall cease to be the Rights Registrar, the Rights Agent will have
the right to examine the Rights Register at all reasonable times after the Separation Time.

 

After the Separation Time and prior to the
Expiration Time, upon surrender for registration of transfer or exchange of any Rights Certificate, and subject to the provisions
of Sections 2.7(c) and (d), the Company will execute, and the Rights Agent will countersign and, if requested by the Company
and provided with all necessary information, deliver, in the name of the holder or the designated transferee or transferees, as
required pursuant to the holder’s instructions, one or more new Rights Certificates evidencing the same aggregate number
of Rights as did the Rights Certificate so surrendered.

 

    -23-

     

    

 

(b)              
Except as otherwise provided in Section 3.1(b), all Rights issued upon any registration of transfer or exchange of Rights
Certificates shall be the valid obligations of the Company, and such Rights shall be entitled to the same benefits under this Agreement
as the Rights surrendered upon such registration of transfer or exchange.

 

(c)              
Every Rights Certificate surrendered for registration of transfer or exchange shall be duly endorsed, or be accompanied
by a written instrument of transfer in form satisfactory to the Company and the Rights Agent, duly executed by the holder thereof
or such holder’s attorney duly authorized in writing. As a condition to the issuance of any new Rights Certificate under
this Section 2.7, the Company may require the payment of a sum sufficient to cover any tax or other charge that may be imposed
in relation thereto. The Rights Agent shall not have any duty or obligation to take any action under any section of this Agreement
that requires the payment of taxes and/or charges unless and until it is satisfied that all such payments have been made.

 

(d)              
The Company shall not register the transfer or exchange of any Rights that have become null and void under Section 3.1(b),
been exchanged under Section 3.1(c) or been redeemed under Section 5.1.

 

    -24-

     

    

 

2.8             
Mutilated, Destroyed, Lost and Stolen Rights Certificates. (a)  If any mutilated Rights Certificate is
surrendered to the Rights Agent prior to the Expiration Time, then, subject to Sections 3.1(b), 3.1(c) and 5.1, the Company shall
execute and the Rights Agent shall countersign and deliver in exchange therefor a new Rights Certificate evidencing the same number
of Rights as did the Rights Certificate so surrendered.

 

(b)              
If there shall be delivered to the Company and the Rights Agent prior to the Expiration Time (i) evidence to their
satisfaction of the destruction, loss or theft of any Rights Certificate and (ii) such security or indemnity as may be required
by them to save each of them and any of their agents harmless, then, subject to Sections 3.1(b), 3.1(c) and 5.1 and in the absence
of written notice to the Company or the Rights Agent that such Rights Certificate has been acquired by a bona fide purchaser,
the Company shall execute and upon its written request the Rights Agent shall countersign and, if requested by the Company and
provided with all necessary information, deliver, in lieu of any such destroyed, lost or stolen Rights Certificate, a new Rights
Certificate evidencing the same number of Rights as did the Rights Certificate so destroyed, lost or stolen.

 

(c)               As
a condition to the issuance of any new Rights Certificate under this Section 2.8, the Company or the Rights Agent may
require the payment of a sum sufficient to cover any tax or other charge that may be imposed in relation thereto and any
other expenses (including the fees and expenses of the Rights Agent) connected therewith. The Rights Agent shall have no duty
or obligation to take any action under any Section of this Agreement which requires the payment by a Rights holder of
applicable taxes and/or charges unless and until it is satisfied that all such taxes and/or charges have been paid.

 

    -25-

     

    

 

(d)              
Every new Rights Certificate issued pursuant to this Section 2.8 in lieu of any destroyed, lost or stolen Rights Certificate
shall evidence an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Rights
Certificate shall be at any time enforceable by anyone, and, subject to Section 3.1(b) shall be entitled to all the benefits of
this Agreement equally and proportionately with any and all other Rights duly issued hereunder.

 

2.9             
Persons Deemed Owners. Prior to due presentment of a Rights Certificate (or, prior to the Separation Time, the associated
Common Stock certificate or confirmation of registration, if uncertificated), the Company, the Rights Agent and any agent of the
Company or the Rights Agent may deem and treat the Person in whose name such Rights Certificate (or, prior to the Separation Time,
such Common Stock certificate or confirmation, if uncertificated) is registered as the absolute owner thereof and of the Rights
evidenced thereby for all purposes whatsoever, including, subject to Section 5.1(a), the payment of the Redemption Price, and neither
the Company nor the Rights Agent shall be affected by any notice to the contrary. As used in this Agreement, unless the context
otherwise requires, the term “holder” of any Rights shall mean the registered holder of such Rights (or, prior to the
Separation Time, the associated shares of Common Stock).

 

    -26-

     

    

 

2.10         
Delivery and Cancellation of Certificates. All Rights Certificates surrendered upon exercise or for registration
of transfer or exchange shall, if surrendered to any Person other than the Rights Agent, be delivered to the Rights Agent and,
in any case, shall be promptly cancelled by the Rights Agent. The Company may at any time deliver to the Rights Agent for cancellation
any Rights Certificates previously countersigned and delivered hereunder that the Company may have acquired in any manner whatsoever,
and all Rights Certificates so delivered shall be promptly cancelled by the Rights Agent. No Rights Certificates shall be countersigned
in lieu of or in exchange for any Rights Certificates cancelled as provided in this Section 2.10. Subject to applicable law, regulation
and its record retention policies, the Rights Agent shall maintain in a retrievable database electronic records of all cancelled
or destroyed Rights Certificates which have been cancelled or destroyed by the Rights Agent. The Rights Agent shall maintain such
electronic records for the time period required by applicable law, regulation and its record retention policies. Upon written request
of the Company within such retention period (and at the expense of the Company), the Right Agent shall provide to the Company or
its designee copies of such electronic records relating to Rights Certificates cancelled or destroyed by the Rights Agent.

 

2.11         
Agreement of Rights Holders. Every holder of Rights by accepting the same consents and agrees with the Company and the
Rights Agent and with every other holder of Rights that:

 

(a)              
prior to the Separation Time, each Right will be transferable only together with, and will be transferred by a transfer
of, the associated share of Common Stock;

 

    -27-

     

    

 

(b)              
after the Separation Time, the Rights Certificates will be transferable only on the Rights Register as provided herein;

 

(c)              
prior to due presentment of a Rights Certificate (or, prior to the Separation Time, the associated Common Stock certificate
or Common Stock registration, if uncertificated) for registration of transfer, the Company, the Rights Agent and any agent of the
Company or the Rights Agent may deem and treat the Person in whose name the Rights Certificate (or, prior to the Separation Time,
the associated Common Stock certificate or Common Stock registration, if uncertificated) is registered as the absolute owner thereof
and of the Rights evidenced thereby for all purposes whatsoever, and neither the Company nor the Rights Agent shall be affected
by any notice to the contrary;

 

(d)              
Rights Beneficially Owned by certain Persons will, under the circumstances set forth in Section 3.1(b), become null
and void;

 

(e)              
this Agreement may be supplemented or amended from time to time in accordance with its terms;

 

(f)               
the Board of Directors shall have the exclusive power and authority delegated to it pursuant to Section 5.13; and

 

(g)               notwithstanding
anything in this Agreement to the contrary, neither the Company nor the Rights Agent shall have any liability to any holder
of a Right or other Person as a result of its inability to perform any of its obligations under this Agreement by reason of
any preliminary or permanent injunction or other order, decree or ruling issued by a court of competent jurisdiction or by a
governmental, regulatory or administrative agency or commission, or any statute, rule, regulation or executive order
promulgated or enacted by any governmental authority, prohibiting or otherwise restraining performance of such
obligation.

 

    -28-

     

    

 

ARTICLE
III

 

ADJUSTMENTS TO THE RIGHTS IN

THE EVENT OF CERTAIN TRANSACTIONS

 

3.1             
Flip-in. (a)  In the event that prior to the Expiration Time a Flip-in Date shall occur, except as otherwise
provided in this Section 3.1, each Right shall constitute the right to purchase from the Company, upon exercise thereof in
accordance with the terms hereof (but subject to Section 5.10), that number of shares of Common Stock having an aggregate
Market Price on the Stock Acquisition Date that gave rise to the Flip-in Date equal to twice the Exercise Price for an amount in
cash equal to the Exercise Price (such right to be appropriately adjusted in order to protect the interests of the holders of Rights
generally in the event that on or after such Stock Acquisition Date any of the events described in Section 2.4(a) or (b),
or any analogous event, shall have occurred with respect to the Common Stock).

 

(b)               Notwithstanding
the foregoing, any Rights that are Beneficially Owned on or after the Stock Acquisition Date by an Acquiring Person or an
Affiliate or Associate thereof shall become null and void and any holder of such Rights (including transferees, whether
direct or indirect, of any such Persons) shall thereafter have no right to exercise or transfer such Rights. If any Rights
Certificate is presented for assignment or exercise and the Person presenting the same will not properly complete the
certification set forth at the end of the form of assignment or notice of Election to Exercise or, if requested, will not
provide such additional evidence, including, without limitation, the identity of the Beneficial Owners and their Affiliates
and Associates (or former Beneficial Owners and their Affiliates and Associates) as the Company or the Board of Directors
shall reasonably request in order to determine if such Rights are null and void, then the Company shall be entitled
conclusively to deem the Rights to be Beneficially Owned by an Acquiring Person or an Affiliate or Associate thereof or a
transferee of any of the foregoing and accordingly deem the Rights evidenced thereby to be null and void and not
transferable, exercisable or exchangeable.

 

    -29-

     

    

 

(c)              
The Board of Directors may, at its option, at any time after a Flip-in Date and prior to the time that an Acquiring Person
becomes the Beneficial Owner of more than 50% of the outstanding shares of Common Stock, excluding for this purpose any shares
determined to be Constructively Owned, elect to exchange all (but not less than all) of the then outstanding Rights (which shall
not include Rights that have become null and void pursuant to the provisions of Section 3.1(b)) for shares of Common Stock
at an exchange ratio of one share of Common Stock per Right, appropriately adjusted in order to protect the interests of holders
of Rights generally in the event that after the Separation Time any of the events described in Section 2.4(a) or (b), or any
analogous event, shall have occurred with respect to the Common Stock (such exchange ratio, as adjusted from time to time, being
hereinafter referred to as the “Exchange Ratio”).

 

    -30-

     

    

 

Immediately upon the action of the Board
of Directors electing to exchange the Rights, without any further action and without any notice, the right to exercise the
Rights will terminate and each Right (other than Rights that have become null and void pursuant to Section 3.1(b)), whether
or not an Election to Exercise has been previously delivered, will thereafter represent only the right to receive a number of
shares of Common Stock equal to the Exchange Ratio. The exchange of the Rights by the Board of Directors may be made
effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may
establish. Promptly after the action of the Board of Directors electing to exchange the Rights, the Company shall give
written notice thereof (specifying the steps to be taken to receive shares of Common Stock in exchange for Rights) to the
Rights Agent and the holders of the Rights (other than Rights that have become null and void pursuant to Section 3.1(b))
outstanding immediately prior thereto by mailing such notice in accordance with Section 5.9. Before effecting an
exchange pursuant to this Section 3.1(c), the Board of Directors may direct the Company to enter into a Trust Agreement in
such form and with such terms as the Board of Directors shall then approve (the “Trust Agreement”). If the Board
of Directors so directs, the Company shall enter into the Trust Agreement and shall issue to the trust created by such
agreement (the “Trust”), which Trust shall act as the agent of the Company, all or some (as designated by the
Board of Directors) of the shares of Common Stock (or other securities) issuable pursuant to the exchange, and all or some
(as designated by the Board of Directors) holders of Rights entitled to receive shares pursuant to the exchange shall be
entitled to receive such shares (and any dividends paid or distributions made thereon after the date on which such shares are
deposited in the Trust) only from the Trust and solely upon compliance with the relevant terms and provisions of the Trust
Agreement. Prior to effecting an exchange and registering shares of Common Stock (or other such securities) in any
Person’s name, including any nominee or transferee of a Person, the Company may require (or cause the trustee of the
Trust to require), as a condition thereof, that any holder of Rights provide evidence, including, without limitation, the
identity of the Beneficial Owners thereof and their Affiliates and Associates (or former Beneficial Owners thereof and their
Affiliates and Associates) as the Company shall reasonably request in order to determine if such Rights are null and void. If
any Person shall fail to comply with such request, the Company shall be entitled conclusively to deem the Rights formerly
held by such Person to be null and void pursuant to Section 3.1(b) and not transferable or exercisable or exchangeable in
connection herewith. Any shares of Common Stock or other securities issued at the direction of the Board of Directors in
connection herewith shall be validly issued, fully paid and non-assessable shares of Common Stock or of such other securities
(as the case may be), and the Company shall be deemed to have received as consideration for such issuance a benefit having a
value that is at least equal to the aggregate par value of the shares so issued. Approval by the Board of Directors of the
exchange shall constitute a determination by the Board of Directors that such consideration is adequate.

 

    -31-

     

    

 

Each Person in whose name any
certificate for shares is issued (or for whom any registration on the stock transfer books of the Company is made) upon the
exchange of Rights pursuant to this Section 3.1(c) or Section 3.1(d) shall for all purposes be deemed to have become the
holder of record of the shares represented thereby as of the Close of Business on, and such certificate (or registration on
the stock transfer books of the Company) shall be dated (or registered) as of, the date upon which the Rights Certificate
evidencing such Rights was duly exchanged or deemed exchanged by the Company and payment of any applicable taxes and other
governmental charges payable by the holder was made; provided, however, that if the date of such exchange and
payment is a date upon which the stock transfer books of the Company are closed, such Person shall be deemed to have become
the record holder of such shares on, and such certificate (or registration on the stock transfer books of the Company) shall
be dated (or registered) as of, the next succeeding Business Day on which the stock transfer books of the Company are
open.

 

    -32-

     

    

 

(d) Whenever the Company shall become obligated
under Section 3.1(a) or (c) to issue shares of Common Stock upon exercise of or in exchange for Rights, the Company,
as determined by the Board of Directors, may substitute therefor shares of Preferred Stock, at a ratio of one one-thousandth of
a share of Preferred Stock for each share of Common Stock so issuable, subject to adjustment.

 

(e) In the event that there shall not be
sufficient treasury shares or authorized but unissued shares of Common Stock or Preferred Stock of the Company to permit the
exercise in full of the Rights in accordance with Section 3.1(a) or if the Company so elects to make the exchange
referenced in Section 3.1(c), to permit the issuance of all shares pursuant to the exchange, the Company shall either
(i) call a meeting of stockholders seeking approval to cause sufficient additional shares to be authorized (provided
that if such approval is not obtained the Company will take the action specified in clause (ii) of this sentence) or
(ii) take such action as shall be necessary to ensure and provide, without exposing the directors to personal liability (as
determined by the Board of Directors), as and when and to the maximum extent permitted by applicable law and any agreements
or instruments in effect prior to the time an Acquiring Person controls the Board of Directors (and remaining in effect) to
which the Company is a party, that each Right shall thereafter constitute the right to receive, (x) in the case of any
exercise in accordance with Section 3.1(a), at the Company’s option, either (A) in return for the Exercise Price, debt
or equity securities or other assets (or a combination thereof) having a fair value equal to twice the Exercise Price, or
(B) without payment of consideration (except as may be required for the valid issuance of securities or otherwise
required by applicable law), debt or equity securities or other assets (or a combination thereof) having a fair value equal
to the Exercise Price, or (y) in the case of an exchange of Rights in accordance with Section 3.1(c), debt or equity
securities or other assets (or a combination thereof) having a fair value equal to the product of the Market Price of a share
of Common Stock on the Flip-in Date times the Exchange Ratio in effect on the Flip-in Date, where in any case set forth in
(x) or (y) above the fair value of such debt or equity securities or other assets shall be as determined in good faith by the
Board of Directors, after consultation with a nationally recognized investment banking firm.

 

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3.2              Flip-over.
(a)  Prior to the Expiration Time, the Company shall not enter into any agreement with respect to, consummate
or permit to occur any Flip-over Transaction or Event unless and until it shall have entered into a supplemental agreement
with the Flip-over Entity, for the benefit of the holders of the Rights (the terms of which shall be reflected in an
amendment to this Agreement entered into with the Rights Agent), providing that, upon consummation or occurrence of the
Flip-over Transaction or Event (i) each Right shall thereafter constitute the right to purchase from the Flip-over
Entity, upon exercise thereof in accordance with the terms hereof, that number of shares of Flip-over Stock of the Flip-over
Entity having an aggregate Market Price on the date of consummation or occurrence of such Flip-over Transaction or Event
equal to twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be appropriately adjusted
in order to protect the interests of the holders of Rights generally in the event that after such date of consummation or
occurrence any of the events described in Section 2.4(a) or (b), or any analogous event, shall have occurred with
respect to the Flip-over Stock) and (ii) the Flip-over Entity shall thereafter be liable for, and shall assume, by
virtue of such Flip-over Transaction or Event and such supplemental agreement, all the obligations and duties of the Company
pursuant to this Agreement.

  

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(b)              
Prior to the Expiration Time, unless the Rights will be redeemed pursuant to Section 5.1 pursuant to an agreement entered
into by the Company prior to a Flip-in Date, the Company shall not enter into any agreement with respect to, consummate or permit
to occur any Flip-over Transaction or Event if (i) at the time thereof there are any rights, warrants or securities outstanding
or any other arrangements, agreements or instruments that would eliminate or otherwise diminish in any material respect the benefits
intended to be afforded by this Agreement to the holders of Rights upon consummation of such transaction, (ii) prior to, simultaneously
with or immediately after such Flip-over Transaction or Event, the stockholders of the Person who constitutes, or would constitute,
the Flip-over Entity shall have received a distribution of Rights previously owned by such Person or any of its Affiliates or Associates,
or (iii) the form or nature of organization of the Flip-over Entity would preclude or limit the exercisability of the Rights.

 

(c)              
The provisions of this Section 3.2 shall apply to successive Flip-over Transactions or Events.

 

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ARTICLE
IV

 

THE RIGHTS AGENT

 

4.1             
General. (a)  The Company hereby appoints the Rights Agent to act as agent for the Company in accordance
with the express terms and conditions hereof (and no implied terms or conditions), and the Rights Agent hereby accepts such appointment.
The Company agrees to pay to the Rights Agent reasonable compensation for all services rendered by it hereunder and, from time
to time, on demand of the Rights Agent, to reimburse its reasonable expenses, counsel fees and other disbursements incurred in
the preparation, negotiation, delivery, amendment, administration and execution of this Agreement and the exercise and performance
of its duties hereunder. The Company also agrees to indemnify the Rights Agent for, and to hold it harmless against, any loss,
liability, damage, judgment, fine, penalty, claim, demand, settlement, cost or expense (including, without limitation, the reasonable
fees and expenses of legal counsel), incurred without gross negligence, bad faith or willful misconduct on the part of the Rights
Agent (each as determined by a final non-appealable judgment of a court of competent jurisdiction), for any action taken, suffered
or omitted to be taken by the Rights Agent in connection with the acceptance, administration, exercise and performance of its duties
under this Agreement. The costs and expenses incurred in enforcing this right of indemnification shall be paid by the Company.
The provisions of this Section 4.1 and Section 4.3 below shall survive the termination of this Agreement, the exercise or expiration
of the Rights and the resignation, replacement or removal of the Rights Agent.

 

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(b)              
The Rights Agent shall be authorized and protected and shall incur no liability for or in respect of any action taken, suffered
or omitted to be taken by it in connection with its acceptance and administration of this Agreement or the exercise and performance
of its duties hereunder in reliance upon any certificate for securities (or registration on the stock transfer books of the Company)
purchasable upon exercise of Rights, Rights Certificate, certificate for other securities of the Company, instrument of assignment
or transfer, power of attorney, endorsement, affidavit, letter, notice, direction, consent, certificate, statement, or other paper
or document believed by it to be genuine and to be signed, executed and, where necessary, verified or acknowledged, by the proper
Person or Persons, or otherwise upon the advice of counsel as set forth herein. The Rights Agent shall not be deemed to have knowledge
of any event of which it was supposed to receive notice thereof hereunder, and the Rights Agent shall be fully protected and shall
incur no liability for failing to take any action in connection therewith, unless and until it has received such notice.

 

4.2              Merger
or Consolidation or Change of Name of Rights Agent. (a)  Any Person into which the Rights Agent or any
successor Rights Agent may be merged or with which it may be consolidated, or any Person resulting from any merger or
consolidation to which the Rights Agent or any successor Rights Agent is a party, or any Person succeeding to the shareholder
services business of the Rights Agent or any successor Rights Agent, will be the successor to the Rights Agent under this
Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto, provided
that such Person would be eligible for appointment as a successor Rights Agent under the provisions of Section 4.4. In
case at the time such successor Rights Agent succeeds to the agency created by this Agreement any of the Rights Certificates
have been countersigned but not delivered, any such successor Rights Agent may adopt the countersignature of the predecessor
Rights Agent and deliver such Rights Certificates so countersigned; and in case at that time any of the Rights Certificates
have not been countersigned, any successor Rights Agent may countersign such Rights Certificates either in the name of the
predecessor Rights Agent or in the name of the successor Rights Agent; and in all such cases such Rights Certificates will
have the full force provided in the Rights Certificates and in this Agreement.

 

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(b)              
In case at any time the name of the Rights Agent is changed and at such time any of the Rights Certificates shall have been
countersigned but not delivered, the Rights Agent may adopt the countersignature under its prior name and deliver Rights Certificates
so countersigned; and in case at that time any of the Rights Certificates shall not have been countersigned, the Rights Agent may
countersign such Rights Certificates either in its prior name or in its changed name; and in all such cases such Rights Certificates
shall have the full force provided in the Rights Certificates and in this Agreement.

 

4.3             
Duties of Rights Agent. The Rights Agent undertakes to perform only the duties and obligations expressly imposed
by this Agreement (and no implied duties or obligations) upon the following terms and conditions, by all of which the Company and
the holders of Rights Certificates, by their acceptance thereof, shall be bound:

 

(a)               The
Rights Agent may consult with legal counsel (who may be legal counsel for the Company or an employee of the Rights Agent),
and the advice or opinion of such counsel will be full and complete authorization and protection to the Rights Agent and the
Rights Agent shall incur no liability for or in respect of any action taken, suffered or omitted to be taken by it in the
absence of bad faith and in accordance with such advice or opinion.

 

    -38-

     

    

 

(b)              
Whenever in the performance of its duties under this Agreement the Rights Agent deems it necessary or desirable that any
fact or matter (including without limitation, the identity of an Acquiring Person and the determination of the current per share
market price of any security) be proved or established by the Company prior to taking, suffering or omitting to take any action
hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be
conclusively proved and established by a certificate signed by a person believed by the Rights Agent to be the Chairman of the
Board of Directors, the President or any Vice President and by the Treasurer or any Assistant Treasurer or the Secretary or any
Assistant Secretary of the Company and delivered to the Rights Agent; and such certificate will be full and complete authorization
and protection to the Rights Agent and the Rights Agent shall incur no liability for any action taken, suffered or omitted to be
taken in the absence of bad faith by it under the provisions of this Agreement in reliance upon such certificate.

 

(c)               The
Rights Agent will be liable to the Company and any other Person hereunder only for its own gross negligence, bad faith or
willful misconduct (each as determined by a final non-appealable judgment of a court of competent jurisdiction). Anything to
the contrary notwithstanding, in no event shall the Rights Agent be liable for special, punitive, indirect, consequential or
incidental loss or damage of any kind whatsoever (including, but not limited to, lost profits), even if the Rights Agent has
been advised of the likelihood of such loss or damage. Any and all liability of the Rights Agent under this Agreement will be
limited to the amount of annual fees paid by the Company to the Rights Agent pursuant to this Agreement during the twelve
(12) months immediately preceding the event for which recovery from the Rights Agent is being sought.

 

    -39-

     

    

 

(d)              
The Rights Agent will not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement
or in the certificates, if any, for securities purchasable upon exercise of Rights or the Rights Certificates (except its countersignature
thereof) or be required to verify the same, but all such statements and recitals are and will be deemed to have been made by the
Company only.

 

(e)               The
Rights Agent will not have any liability for or be under any responsibility in respect of the validity of this Agreement or
the execution and delivery hereof (except the due authorization, execution and delivery hereof by the Rights Agent) or in
respect of the validity or execution of any certificate, if any, for securities purchasable upon exercise of Rights or Rights
Certificate (except its countersignature thereof); nor will it be responsible for any breach by the Company of any covenant
or condition contained in this Agreement or in any Rights Certificate; nor will it be responsible for any change in the
exercisability or exchangeability of the Rights (including the Rights becoming null and void pursuant to Section 3.1(b))
or any change or adjustment in the terms of the Rights (including any adjustment required under the provisions of
Section 2.4, 3.1 or 3.2) or responsible for the manner, method or amount of any such adjustment or the ascertaining of
the existence of facts that would require any such adjustment (except with respect to the exercise of Rights after receipt of
the certificate contemplated by Section 2.4 describing any such adjustment, upon which the Rights Agent may rely); nor
will it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any
securities purchasable upon exercise of Rights or any Rights or as to whether any securities purchasable upon exercise of
Rights will, when issued, be duly and validly authorized, executed, issued and delivered and fully paid and
non-assessable.

 

    -40-

     

    

 

(f)               
The Company agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged
and delivered all such further and other acts, instruments and assurances as may reasonably be required by the Rights Agent for
the carrying out or performing by the Rights Agent of the provisions of this Agreement.

 

(g)               The
Rights Agent is hereby authorized and directed to accept advice or written instructions with respect to the performance of
its duties hereunder from any individual believed by the Rights Agent to be the Chairman of the Board of Directors, the
President or any Vice President or the Secretary or any Assistant Secretary or the Treasurer or any Assistant Treasurer of
the Company, and to apply to such individual for advice or instructions in connection with its duties, and such instructions
shall be full authorization and protection to the Rights Agent and the Rights Agent shall not be liable for or in respect of
any action taken, suffered or omitted to be taken by it in the absence of bad faith in accordance with instructions of any
such individual or for any delay while acting or while waiting for those instructions. The Rights Agent shall be fully
authorized and protected in relying upon the most recent instructions received by any such individual. In the event the
Rights Agent believes any ambiguity or uncertainty exists hereunder or in any notice, instruction, direction, request or
other communication, paper or document received by the Rights Agent hereunder, the Rights Agent may, in its sole discretion,
refrain from taking any action, and shall be fully protected and shall not be liable in any way to the Company or any other
Person for refraining from taking such action, if the Rights Agent shall have notified the Company promptly of such belief in
writing, and unless the Rights Agent shall receive written instructions executed by a person authorized under this Section
4.3(g), which eliminates such ambiguity or uncertainty to the satisfaction of the Rights Agent.

 

    -41-

     

    

 

(h)              
The Rights Agent and any stockholder, affiliate, director, officer or employee of the Rights Agent may buy, sell or deal
in Common Stock, Rights or other securities of the Company or become pecuniarily interested in any transaction in which the Company
may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though it were not Rights
Agent under this Agreement. Nothing herein shall preclude the Rights Agent or any such stockholder, affiliate, director, officer
or employee from acting in any other capacity for the Company or for any other Person.

 

(i)                 The
Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either
itself (through directors, officers and employees) or by or through its attorneys or agents, and the Rights Agent will not be
answerable or accountable for any act, default, neglect or misconduct of any such attorneys or agents or for any loss to the
Company or any other Person resulting from any such act, default, neglect or misconduct, absent gross negligence, bad faith
or willful misconduct in the selection and continued employment thereof (each as determined by a final non-appealable
judgment of a court of competent jurisdiction).

 

    -42-

     

    

 

(j)                
No provision of this Agreement shall require the Rights Agent to expend its own funds or otherwise incur any financial liability
in the performance of any of its duties hereunder or in the exercise of its rights if it believes that repayment of such funds
or adequate indemnification against such risk or liability is not assured to it.

 

(k)              
If, with respect to any Rights Certificate surrendered to the Rights Agent for exercise or transfer, the certificate attached
to the form of assignment or form of election to purchase, as the case may be, has not been properly completed or duly executed,
the Rights Agent shall not take any further action with respect to such requested exercise or transfer without first consulting
with the Company and the Rights Agent shall not be liable for any delays arising from the duties under this Section 4.3(k).

 

(l)                
The Rights Agent shall have no responsibility to the Company, any holders of Rights, any holders of shares of Common Stock
or any other person for interest or earnings on any moneys held by the Rights Agent pursuant to this Agreement.

 

(m)            
The Rights Agent shall not have any duty or responsibility in the case of the receipt of any written demand from any holder
of Rights with respect to any action or default by the Company, including, without limiting the generality of the foregoing, any
duty or responsibility to initiate or attempt to initiate any proceedings at law or otherwise or to make any demand upon the Company.

 

(n)               The
Rights Agent shall not be required to take notice or be deemed to have notice of any event or condition hereunder, including
any event or condition that may require action by the Rights Agent, unless the Rights Agent shall be specifically notified in
writing of such event or condition by the Company, and all notices or other instruments required by this Agreement to be
delivered to the Rights Agent must, in order to be effective, be received by the Rights Agent as specified in Section 5.9
hereof, and in the absence of such notice so delivered, the Rights Agent may conclusively assume no such event or condition
exists.

 

    -43-

     

    

 

(o)              
Notwithstanding anything to the contrary contained herein, the Rights Agent shall not be liable for any delays or failures
in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, terrorist acts, disease,
pandemics, shortage of supply, breakdowns or malfunctions, interruptions or malfunctions of computer facilities, or loss of data
due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil
unrest.

 

(p)               The Rights Agent shall not be subject to and shall not be
required to determine if the Company, the Board of Directors or any other Person has complied with the Credit Agreement even though
reference to the Credit Agreement may be made in this Agreement.

 

4.4              Change
of Rights Agent. The Rights Agent may resign and be discharged from its duties under this Agreement upon at least
30 days’ notice (or such lesser notice as is acceptable to the Company) in writing mailed to the Company by
registered or certified mail or overnight delivery and, in the event that the Rights Agent or one of its Affiliates is not
also the transfer agent of the Company, to each transfer agent of Common Stock known to the Rights Agent. In the event the
transfer agency relationship in effect between the Company and the Rights Agent terminates, the Rights Agent will be deemed
to have resigned automatically and be discharged from its duties under this Agreement as of the effective date of such
termination, and the Company shall be responsible for sending any required notice. The Company may remove the Rights Agent
upon 30 days’ notice in writing, mailed to the Rights Agent and to each transfer agent of the Common Stock by
overnight delivery, registered or certified mail. If the Rights Agent should resign or be removed or otherwise become
incapable of acting, the Company will appoint a successor to the Rights Agent. If the Company fails to make such appointment
within a period of 30 days after such removal or after the effectiveness of such resignation or such incapacity by the
incapacitated Rights Agent or by the holder of any Rights (which holder shall, with such notice, submit such holder’s
Rights Certificate for inspection by the Company), then the holder of any Rights may apply to any court of competent
jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by
such a court, shall be (a) a Person (other than a natural person) organized and doing business under the laws of the United
States or any state of the United States, in good standing, which is authorized under such laws to exercise the powers of the
Rights Agent contemplated by this Agreement and is subject to supervision or examination by federal or state authority and
which, when combined with its Affiliates, has at the time of its appointment as Rights Agent a combined capital and surplus
of at least $50,000,000 or (b) an Affiliate of a Person described in clause (a) of this sentence. After appointment, the
successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally
named as Rights Agent without further act or deed; but the predecessor Rights Agent shall deliver and transfer to the
successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance,
conveyance, act or deed necessary for the purpose; but such predecessor Rights Agent shall not be required to make any
additional expenditure or assume any additional liability in connection with the foregoing. Not later than the effective date
of any such appointment, the Company will file notice thereof in writing with the predecessor Rights Agent and each transfer
agent of the Common Stock, and mail a notice thereof in writing to the holders of the Rights. Failure to give any notice
provided for in this Section 4.4, however, or any defect therein, shall not affect the legality or validity of the
resignation or removal of the predecessor Rights Agent or the appointment of the successor Rights Agent, as the case may
be.

 

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ARTICLE
V

MISCELLANEOUS

 

5.1             
 Redemption. (a)  The Board of Directors may, at its option, at any time prior to the Flip-in Date, elect
to redeem all (but not less than all) of the then outstanding Rights at the Redemption Price and the Company, at its option, may
pay the Redemption Price either in cash or shares of Common Stock or other securities of the Company deemed by the Board of Directors,
in the exercise of its sole discretion, to be at least equivalent in value to the Redemption Price, provided that, the Board
of Directors may not exercise such redemption right if and to the extent such exercise is not permitted under the Credit Agreement.
In the event that the Board of Directors is not permitted to exercise the redemption right, the Board of Directors may, in the
exercise of its sole discretion, accelerate the Expiration Time.

 

(b)               Immediately
upon the action of the Board of Directors electing to redeem the Rights (or, if the resolution of the Board of Directors
electing to redeem the Rights states that the redemption will not be effective until the occurrence of a specified future
time or event, upon the occurrence of such future time or event), without any further action and without any notice, the
right to exercise the Rights will terminate and each Right, whether or not previously exercised, will thereafter, subject to
Section 5.1(a), represent only the right to receive the Redemption Price in cash or securities, as determined by the Board of
Directors. Promptly after the Rights are redeemed, the Company shall give notice of such redemption to the Rights Agent and
the holders of the then outstanding Rights by mailing such notice in accordance with Section 5.9.

 

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5.2             
Expiration. The Rights and this Agreement shall expire at the Expiration Time and no Person shall have any rights
pursuant to this Agreement or any Right after the Expiration Time, except, if the Rights have been exchanged or redeemed, as provided
in Section 3.1 or 5.1, respectively.

 

5.3              Issuance
of New Rights Certificates. Notwithstanding any of the provisions of this Agreement or of the Rights to the contrary, the
Company may, at its option, issue new Rights Certificates evidencing Rights in such form as may be approved by its Board of
Directors to reflect any adjustment or change in the number or kind or class of shares of stock purchasable upon exercise of
Rights made in accordance with the provisions of this Agreement. In addition, in connection with the issuance or sale of
shares of Common Stock by the Company following the Separation Time and prior to the Expiration Time pursuant to the terms of
securities convertible or redeemable into shares of Common Stock or to options, warrants or other rights (other than any
securities issued or issuable in connection with the exercise or exchange of Rights), in each case issued or granted prior
to, and outstanding at, the Separation Time, the Company shall issue to the holders of such shares of Common Stock, Rights
Certificates representing the appropriate number of Rights in connection with the issuance or sale of such shares of Common
Stock; provided, however, in each case, (i) no such Rights Certificate shall be issued, if, and to the extent
that, the Board of Directors determines in its sole discretion, after receiving the advice of legal counsel, that such
issuance would create a significant risk of material adverse tax consequences to the Company or to the Person to whom such
Rights Certificates would be issued, (ii) no such Rights Certificates shall be issued if, and to the extent that, appropriate
adjustment shall have otherwise been made in lieu of the issuance thereof, and (iii) the Company shall have no obligation to
distribute Rights Certificates to any Acquiring Person or Affiliate or Associate of an Acquiring Person or any transferee of
any of the foregoing.

 

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5.4              Supplements
and Amendments. The Company and the Rights Agent may from time to time supplement or amend this Agreement without the
approval of any holders of Rights (i) prior to the Flip-in Date, in any respect and (ii) on or after the Flip-in Date,
to make any changes that the Company may deem necessary or desirable (x) that shall not materially adversely affect the
interests of the holders of Rights generally (other than the Acquiring Person or any Affiliate or Associate thereof), (y) in
order to cure any ambiguity or to correct or supplement any provision contained herein which may be inconsistent with any
other provisions herein or otherwise defective or (z) in order to satisfy any applicable law, rule or regulation, including
any Trading Regulation on any applicable exchange so as to allow trading of the Company’s securities thereon. The
Rights Agent will duly execute and deliver any supplement or amendment hereto requested by the Company in writing, provided,
that the Company has delivered to the Rights Agent a certificate from any of the officers of the Company identified in
Section 4.3(b) that states that the proposed supplement or amendment complies with the terms of this Agreement.
Notwithstanding anything contained in this Agreement to the contrary, the Rights Agent may, but shall not be obligated to,
enter into any supplement or amendment that affects the Rights Agent’s own rights, duties, obligations or immunities
under this Agreement. No supplement or amendment to this Agreement shall be effective unless duly executed by the Rights
Agent and the Company.

 

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5.5             
Fractional Shares. If the Company elects not to issue certificates representing (or register on the stock transfer
books of the Company) fractional shares upon exercise, redemption or exchange of Rights, the Company shall, in lieu thereof, in
the sole discretion of the Board of Directors, either (a) evidence such fractional shares by depositary receipts issued pursuant
to an appropriate agreement between the Company and a depositary selected by it, providing that each holder of a depositary receipt
shall have all of the rights, privileges and preferences to which such holder would be entitled as a beneficial owner of such fractional
share, or (b) pay to the registered holder of such Rights the appropriate fraction of the Market Price per share in cash.
Whenever a payment for fractional shares is to be made by the Rights Agent, the Company shall (i) promptly prepare and deliver
to the Rights Agent a certificate setting forth in reasonable detail the facts related to such payments and the prices and/or formulas
utilized in calculating such payments, and (ii) provide sufficient monies to the Rights Agent in the form of fully collected funds
to make such payments. The Rights Agent shall be fully protected in relying upon such a certificate and shall have no duty with
respect to, and shall not be deemed to have knowledge of any payment for, fractional shares under any Section of this Agreement
relating to the payment of fractional shares unless and until the Rights Agent shall have received such a certificate and sufficient
monies.

 

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5.6             
Rights of Action. Subject to the terms of this Agreement (including Sections 3.1(b), 5.10 and 5.13), rights
of action in respect of this Agreement, other than rights of action vested solely in the Rights Agent, the Board of Directors or
the Company, are vested in the respective holders of the Rights; and any holder of any Rights, without the consent of the Rights
Agent or of the holder of any other Rights, may, on such holder’s own behalf and for such holder’s own benefit and
the benefit of other holders of Rights, enforce, and may institute and maintain any suit, action or proceeding against the Company
to enforce, or otherwise act in respect of, such holder’s right to exercise such holder’s Rights in the manner provided
in such holder’s Rights Certificate and in this Agreement. Without limiting the foregoing or any remedies available to the
holders of Rights, it is specifically acknowledged that the holders of Rights would not have an adequate remedy at law for any
breach of this Agreement and will be entitled to specific performance of the obligations under, and injunctive relief against actual
or threatened violations of, the obligations of any Person subject to this Agreement.

 

5.7              Holder
of Rights Not Deemed a Stockholder. No holder, as such, of any Rights shall be entitled to vote, receive dividends or be
deemed for any purpose the holder of shares or any other securities that may at any time be issuable on the exercise of such
Rights, nor shall anything contained herein or in any Rights Certificate be construed to confer upon the holder of any
Rights, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon
any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to
receive notice of meetings or other actions affecting stockholders (except as provided in Section 5.8), or to receive
dividends or subscription rights, or otherwise, until such Rights shall have been exercised or exchanged in accordance with
the provisions hereof.

 

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5.8             
Notice of Proposed Actions. In case the Company shall propose at or after the Separation Time and prior to the Expiration
Time (i) to effect or permit a Flip-over Transaction or Event or (ii) to effect the liquidation, dissolution or winding
up of the Company, then, in each such case, the Company shall give to the Rights Agent and to each holder of a Right, in accordance
with Section 5.9, written notice of such proposed action, which shall specify the date on which such Flip-over Transaction
or Event, liquidation, dissolution, or winding up is to take place, and such notice shall be so given at least 20 Business
Days prior to the date of the taking of such proposed action.

 

5.9             
Notices. Notices or demands authorized or required by this Agreement to be given or made by the Rights Agent or by
the holder of any Rights to or on the Company shall be sufficiently given or made if delivered or sent by overnight delivery or
first-class mail, postage prepaid, addressed (until another address is filed in writing with the Rights Agent) as follows:

 

Spirit AeroSystems Holdings, Inc.

 

3801 South Oliver

 

Wichita, Kansas 67210

 

Attention: General Counsel

 

Any notice or demand authorized or required by this Agreement
to be given or made by the Company or by the holder of any Rights to or on the Rights Agent shall be sufficiently given or made
if delivered or sent by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Company)
as follows:

 

    -50-

     

    

 

Computershare Inc.

 

150 Royall Street

 

Canton, MA 02021

 

Attention: Client Services

 

Notices or demands authorized or required by this Agreement
to be given or made by the Company or the Rights Agent to or on the holder of any Rights shall be sufficiently given or made if
delivered or sent by overnight delivery, first-class mail, postage prepaid, addressed to such holder at the address of such holder
as it appears upon the registry books of the Rights Agent or, prior to the Separation Time, on the registry books of the transfer
agent for the Common Stock. Any notice that is mailed in the manner herein provided shall be deemed given, whether or not the holder
receives the notice, except notice to the Company shall be effective only upon receipt.

 

5.10          Suspension
of Exercisability or Exchangeability. To the extent that the Board of Directors determines in good faith that some action
will or need be taken pursuant to, or in order to properly give effect to, Section 2.3, 3.1 or 4.4 or to comply with
federal or state securities laws or applicable Trading Regulations, the Company may suspend the exercisability or
exchangeability of the Rights for a reasonable period sufficient to allow it to take such action or comply with such laws or
Trading Regulations. In the event of any such suspension, the Company shall issue as promptly as practicable a public
announcement (with prompt written notice to the Rights Agent) stating that the exercisability or exchangeability of the
Rights has been temporarily suspended. Notice thereof pursuant to Section 5.9 shall not be required. Upon such
suspension, any rights of action vested in a holder of Rights shall be similarly suspended.

 

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Failure to give a notice pursuant to the provisions
of this Agreement shall not affect the validity of any action taken hereunder.

 

5.11         
Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights
Agent shall bind and inure to the benefit of their respective successors and assigns hereunder.

 

5.12         
Benefits of this Agreement. Nothing in this Agreement shall be construed to give to any Person other than the Company,
the Rights Agent and the holders of the Rights any legal or equitable right, remedy or claim under this Agreement and this Agreement
shall be for the sole and exclusive benefit of the Company, the Rights Agent and the holders of the Rights.

 

5.13          Determination
and Actions by the Board of Directors, etc. The Board of Directors (or any duly authorized committee thereof) shall have
the exclusive power and authority to administer this Agreement and to exercise all rights and powers specifically granted to
the Board of Directors or to the Company, or as may be necessary or advisable in the implementation or administration of this
Agreement, including, without limitation, the right and power to (i) interpret the provisions of this Agreement and
(ii) make all determinations and calculations deemed necessary or advisable for the implementation or administration of
this Agreement, including, without limitation, the right to determine the Rights to be null and void pursuant to
Section 3.1, after taking into account the purpose of this Agreement and the Company’s interest in maintaining an
orderly trading market in the outstanding shares of Common Stock. All such actions, interpretations, calculations and
determinations done or made by the Board of Directors (including by a duly authorized committee of the Board of Directors),
shall be final, conclusive and binding on the Company, the Rights Agent, the holders of the Rights and all other Persons. The
Rights Agent shall always be entitled to assume that the Board of Directors of the Company acted in good faith and the Rights
Agent shall be fully protected and shall incur no liability in reliance thereon.

 

    -52-

     

    

 

5.14         
Descriptive Headings; Section References. Descriptive headings appear herein for convenience only and shall not control
or affect the meaning or construction of any of the provisions hereof. Where a reference in this Agreement is made to a Section,
such reference shall be to a Section of this Agreement unless otherwise indicated.

 

5.15         
GOVERNING LAW; EXCLUSIVE JURISDICTION. (a)  THIS AGREEMENT, EACH RIGHT AND EACH RIGHTS CERTIFICATE
ISSUED HEREUNDER SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF DELAWARE AND FOR ALL PURPOSES SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE APPLICABLE TO CONTRACTS ENTERED INTO, MADE WITHIN, AND TO BE PERFORMED
ENTIRELY WITHIN THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAWS PROVISIONS OR RULES THAT WOULD CAUSE
THE APPLICATION OF LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE.

 

(b)               
(i)       THE COMPANY AND EACH HOLDER OF RIGHTS HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURT OF
CHANCERY OF THE STATE OF DELAWARE, OR, IF SUCH COURT SHALL LACK SUBJECT MATTER JURISDICTION, THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF DELAWARE OVER ANY SUIT, ACTION, OR PROCEEDING ARISING OUT OF OR RELATING TO OR CONCERNING THIS AGREEMENT.
The Company and each holder of Rights acknowledge that the forum designated by this paragraph (b) has a reasonable relation
to this Agreement, and to such Persons’ relationship with one another. TO THE FULLEST EXTENT PERMITTED BY LAW, THE
COMPANY AND EACH HOLDER OF RIGHTS HEREBY WAIVES ANY AND ALL RIGHTS SUCH PARTY MAY HAVE TO A JURY TRIAL WITH RESPECT TO ANY
DISPUTE ARISING OUT OF OR RELATING TO OR CONCERNING THIS AGREEMENT.

 

    -53-

     

    

 

 

(ii)             
The Company and each holder of Rights hereby waive, to the fullest extent permitted by applicable law, any objection which
they now or hereafter have to personal jurisdiction or to the laying of venue of any such suit, action or proceeding brought in
any court referred to in paragraph (b)(i). The Company and each holder of Rights undertake not to commence any action subject to
this Agreement in any forum other than the forum described in this paragraph (b). The Company and each holder of Rights agree that,
to the fullest extent permitted by applicable law, a final and non-appealable judgment in any such suit, action, or proceeding
brought in any such court shall be conclusive and binding upon such Persons.

 

5.16          Counterparts.
This Agreement may be executed in any number of counterparts (including by facsimile, PDF or other electronic means) and each
of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute
but one and the same instrument.

 

    -54-

     

    

 

5.17         
Severability. If any term or provision hereof or the application thereof to any circumstance shall, in any jurisdiction
and to any extent, be invalid or unenforceable, such term or provision shall be ineffective as to such jurisdiction to the extent
of such invalidity or unenforceability without invalidating or rendering unenforceable the remaining terms and provisions hereof
or the application of such term or provision to circumstances other than those as to which it is held invalid or unenforceable;
provided, that if any such excluded term or provision shall adversely affect the rights, immunities, duties or obligations
of the Rights Agent, the Rights Agent shall be entitled to resign immediately.

 

5.18          Customer
Identification Program. The Company acknowledges that the Rights Agent is subject to the customer identification program
(“Customer Identification Program”) requirements under the USA PATRIOT Act and its implementing regulations, and
that the Rights Agent must obtain, verify and record information that allows the Rights Agent to identify the Company.
Accordingly, prior to accepting an appointment hereunder, the Rights Agent may request information from the Company that will
help the Rights Agent to identify the Company, including without limitation the Company’s physical address, tax
identification number, organizational documents, certificate of good standing, license to do business, or any other
information that the Rights Agent deems necessary. The Company agrees that the Rights Agent cannot accept an appointment
hereunder unless and until the Rights Agent verifies the Company’s identity in accordance with the Customer
Identification Program requirements.

 

    -55-

     

    

 

5.19         
Withholding. In the event that the Company, the Rights Agent or their agents determine that they are obligated to
withhold or deduct any tax or other charge under any applicable law on actual or deemed payments or distributions hereunder to
a holder of the Rights, Common Stock or other cash, securities or other property, the Company, the Rights Agent or their agents
shall be entitled, but not obligated, to (i) deduct and withhold such amount by withholding a portion or all of the cash,
securities or other property otherwise deliverable or by otherwise using any property (including, without limitation, Rights, Preferred
Stock, Common Stock or cash) that is owned by such holder, or (ii) in lieu of such withholding, require any holder to make
a payment to the Company, the Rights Agent or their agents, in each case in such amounts as they deem necessary to meet their withholding
obligations, and in the case of (i) above, shall also be entitled, but not obligated, to sell all or a portion of such withheld
securities or other property by public or private sale in such amounts and in such manner as they deem necessary and practicable
to pay such taxes and charges. Notwithstanding the foregoing, the Rights Agent shall not be required to withhold or deduct any
tax or other charge without the express written instructions of the Company, accompanied by any other information reasonably requested
by the Rights Agent, and the Rights Agent shall be fully protected and shall incur no liability for not withholding or deducting
any tax or other charge unless and until it has received such notice and accompanying information.

 

    -56-

     

    

 

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

	 	 
	 	SPIRIT AEROSYSTEMS HOLDINGS,
    INC.
	 	 
	 	By:	/s/ Kelly Ann Gaide
	 	 	Name: Kelly Ann Gaide
	 	 	Title: Assistant Corporate Secretary
	 	 
	 	COMPUTERSHARE INC.
	 	 
	 	By:	/s/ Cosmo Zagare
	 	 	Name: Cosmo Zagare
	 	 	Title: Vice President

 

    -57-

     

    

  

 

EXHIBIT A

 

[Form of Rights Certificate]

 

	Certificate No. W-	_______ Rights

 

THE RIGHTS ARE SUBJECT TO REDEMPTION OR MANDATORY
EXCHANGE, AT THE OPTION OF THE COMPANY, ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT. RIGHTS BENEFICIALLY OWNED BY ACQUIRING
PERSONS OR AFFILIATES OR ASSOCIATES THEREOF (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT) OR TRANSFEREES OF ANY OF THE FOREGOING
WILL BE VOID.

 

Rights Certificate

 

SPIRIT AEROSYSTEMS HOLDINGS, INC.

 

This certifies that
____________________, or registered assigns, is the registered holder of the number of Rights set forth above, each of which
entitles the registered holder thereof, subject to the terms, provisions and conditions of the Stockholder Protection Rights
Agreement, dated as of April 22, 2020 (as amended from time to time, the “Rights Agreement”), between Spirit
AeroSystems Holdings Inc., a Delaware corporation (the “Company”), and Computershare Inc, as
Rights Agent (the “Rights Agent”, which term shall include any successor Rights Agent under the Rights
Agreement), to purchase from the Company at any time after the Separation Time (as such term is defined in the Rights
Agreement) and prior to the close of business on April 22, 2021, one one-thousandth of a fully paid share of
Participating Preferred Stock, par value $0.01 per share (the “Preferred Stock”), of the Company (subject to
adjustment as provided in the Rights Agreement) at the Exercise Price referred to below, upon presentation and surrender of
this Rights Certificate with the Form of Election to Exercise duly executed at the office of the Rights Agent designated for
such purpose. The Exercise Price shall initially be $140.00 per Right and shall be subject to adjustment in certain events as
provided in the Rights Agreement.

 

     

     

    

 

In certain circumstances described in the
Rights Agreement, the Rights evidenced hereby may entitle the registered holder thereof to purchase securities of an entity other
than the Company or securities of the Company other than Preferred Stock or assets of the Company, all as provided in the Rights
Agreement.

 

This Rights Certificate is subject to all
of the terms, provisions and conditions of the Rights Agreement, which terms, provisions and conditions are hereby incorporated
herein by reference and made a part hereof and to which Rights Agreement reference is hereby made for a full description of the
rights, limitations of rights, obligations, duties and immunities hereunder of the Rights Agent, the Company and the holders of
the Rights Certificates. Copies of the Rights Agreement are on file at the principal office of the Company and are available without
cost upon written request.

 

This Rights Certificate, with or without other
Rights Certificates, upon surrender at the office of the Rights Agent designated for such purpose, may be exchanged for another
Rights Certificate or Rights Certificates of like tenor evidencing an aggregate number of Rights equal to the aggregate number
of Rights evidenced by the Rights Certificate or Rights Certificates surrendered. If this Rights Certificate shall be exercised
in part, the registered holder shall be entitled to receive, upon surrender hereof, another Rights Certificate or Rights Certificates
for the number of whole Rights not exercised.

 

Subject to the provisions of the Rights
Agreement, each Right evidenced by this Certificate may be (a) redeemed by the Company under certain circumstances, at
its option, at a redemption price of $0.0001 per Right or (b) exchanged by the Company under certain circumstances, at
its option, for one share of Common Stock or one one-thousandth of a share of Preferred Stock per Right (or, in certain
cases, other securities or assets of the Company), subject in each case to adjustment in certain events as provided in the
Rights Agreement.

 

    -2-

     

    

 

No holder of this Rights Certificate, as such,
shall be entitled to vote or receive dividends or be deemed for any purpose the holder of any securities which may at any time
be issuable on the exercise hereof, nor shall anything contained in the Rights Agreement or herein be construed to confer upon
the holder hereof, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors
or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or
to receive notice of meetings or other actions affecting stockholders (except as provided in the Rights Agreement), or to receive
dividends or subscription rights, or otherwise, until the Rights evidenced by this Rights Certificate shall have been exercised
or exchanged as provided in the Rights Agreement.

 

This Rights Certificate shall not be valid
or obligatory for any purpose until it shall have been countersigned by the Rights Agent.

 

WITNESS the facsimile signature of the proper
officers of the Company and its corporate seal.

Date: ____________

 

    -3-

     

    

 

	ATTEST:	SPIRIT AEROSYSTEMS HOLDINGS, INC.
	 	 
	 	 	By	          
	Secretary
	 
	Countersigned:
	 
	COMPUTERSHARE INC
	 
	By	                                                                  	 	 
	Authorized Signature    

 

    -4-

     

    

 

[Form of Reverse Side of Rights Certificate]

 

FORM OF ASSIGNMENT

 

(To be executed by the registered holder
if such

holder desires to transfer this Rights Certificate.)

 

	FOR VALUE RECEIVED
                                                       
    hereby sells, assigns and transfers unto                                                                                                          
	 
	(Please
    print name and address of transferee)

this Rights Certificate, together with
all right, title and interest therein, and does hereby irrevocably constitute and appoint _______________ Attorney, to transfer
the within Rights Certificate on the books of the within-named Company, with full power of substitution.

 

Dated: _______________, ____

 

	Signature Guaranteed:	_________________________
	 	Signature

(Signature must correspond to name as written upon the face of this Rights Certificate in every particular, without alteration or enlargement or any change whatsoever)

 

Signatures must be guaranteed by an eligible
guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature
guarantee Medallion program), pursuant to Exchange Act Rule 17Ad-15. A notary is not sufficient.

 

	
	(To be completed if true)

The undersigned hereby represents, for the benefit of all holders
of Rights and shares of Common Stock, that the Rights evidenced by this Rights Certificate are not, and, to the knowledge of the
undersigned, have never been, Beneficially Owned by an Acquiring Person or an Affiliate or Associate thereof (as defined in the
Rights Agreement).

 

	 	
	 	Signature

 

     

     

    

 

NOTICE

 

In the event the certification set forth above
is not properly completed in connection with a purported assignment, the Company will deem the Beneficial Owner of the Rights evidenced
by the enclosed Rights Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement)
or a transferee of any of the foregoing and accordingly will deem the Rights evidenced by such Rights Certificate to be void and
not transferable or exercisable.

 

    -2-

     

    

 

FORM OF ELECTION
TO EXERCISE

 

(To be executed if holder desires to

exercise the Rights Certificate.)

 

TO: SPIRIT AEROSYSTEMS HOLDINGS, INC.

 

The undersigned hereby irrevocably elects
to exercise _______________________ whole Rights represented by the attached Rights Certificate to purchase the shares of Participating
Preferred Stock issuable upon the exercise of such Rights and requests that certificates for such shares be issued in the name
of:

 

	 	 	 
	 	Address:	 
	 	 	 
	 	Social Security or Other Taxpayer

    Identification Number:	 

 

If such number of Rights shall not be all the Rights evidenced
by this Rights Certificate, a new Rights Certificate for the balance of such Rights shall be registered in the name of and delivered
to:

 

	 	 	 
	 	Address:	 
	 	 	 
	 	Social Security or Other Taxpayer

    Identification Number:	 

 

Dated: _______________, ____

 

	Signature Guaranteed:	 	 
	 	Signature

(Signature must correspond to name as written upon the face of this Rights Certificate in every particular, without alteration or enlargement or any change whatsoever)

 

Signatures must be guaranteed by an eligible
guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature
guarantee Medallion program), pursuant to Exchange Act Rule 17Ad-15. A notary is not sufficient.

 

     

     

    

 

	
	(To be completed if true)

 

The undersigned hereby represents, for the
benefit of all holders of Rights and shares of Common Stock, that the Rights evidenced by the attached Rights Certificate are not,
and, to the knowledge of the undersigned, have never been, Beneficially Owned by an Acquiring Person or an Affiliate or Associate
thereof (as defined in the Rights Agreement).

 

	 	
	 	Signature
	 	 

 

NOTICE

 

In the event the certification set forth above
is not properly completed in connection with a purported exercise, the Company will deem the Beneficial Owner of the Rights evidenced
by the attached Rights Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement)
or a transferee of any of the foregoing and accordingly will deem the Rights evidenced by such Rights Certificate to be void and
not transferable or exercisable.

 

    -2-

     

    

 

EXHIBIT B

 

FORM OF CERTIFICATE OF DESIGNATION AND TERMS

OF PARTICIPATING PREFERRED STOCK OF SPIRIT AEROSYSTEMS HOLDINGS, INC.

 

Pursuant to Section 151 of the General

Corporation Law of the State of Delaware

 

Spirit AeroSystems Holdings, Inc., a Delaware
corporation (the “Corporation”), hereby certifies as follows:

 

Pursuant to authority granted by Article FIFTH
of the Restated Certificate of Incorporation of the Corporation, as amended, and in accordance with the provisions of Section 151
of the General Corporation Law of the State of Delaware, the Board of Directors of the Corporation has adopted the following resolutions
fixing the designation and certain terms, powers, preferences and other rights of a new series of the Corporation’s Preferred
Stock, par value $0.01 per share, and certain qualifications, limitations and restrictions thereon:

 

RESOLVED, that there is hereby
established a series of Preferred Stock, par value $0.01 per share, of the Corporation, and the designation and certain terms,
powers, preferences and other rights of the shares of such series, and certain qualifications, limitations and restrictions thereon,
are hereby fixed as follows:

 

(i)                
The distinctive serial designation of this series shall be “Participating Preferred Stock” (hereinafter called
 “this Series”). Each share of this Series shall be identical in all respects with the other shares of this Series except
as to the dates from and after which dividends thereon shall be cumulative.

 

(ii)              The
number of shares in this Series shall initially be [_______],1 which
number may from time to time be increased or decreased (but not below the number then outstanding) by the Board of Directors.
Shares of this Series purchased by the Corporation shall be cancelled and shall revert to authorized but unissued shares of
Preferred Stock undesignated as to series. Shares of this Series may be issued in fractional shares which are whole number
multiples of one one-thousandth of a share, which fractional shares shall entitle the holder, in proportion to such
holder’s fractional share, to all rights of a holder of a whole share of this Series.

 

 

		1	Insert
number equal to the number of shares of Common Stock outstanding on date prior to filing certificate of designation divided by
100. Note, however, the “100” should be exchanged appropriately, if the number of shares in the Reference Package
is other than 100.

 

     

     

    

 

(iii)           
The holders of full or fractional shares of this Series shall be entitled to receive, when and as declared by the Board
of Directors, but only out of funds legally available therefor, dividends, (A) on each date that dividends or other distributions
(other than dividends or distributions payable in Common Stock of the Corporation) are payable on or in respect of Common Stock
comprising part of the Reference Package (as defined below), in an amount per whole share of this Series equal to the aggregate
amount of dividends or other distributions (other than dividends or distributions payable in Common Stock of the Corporation) that
would be payable on such date to a holder of the Reference Package and (B) on the last day of March, June, September and December
in each year, in an amount per whole share of this Series equal to the excess (if any) of $[____]2
over the aggregate dividends paid per whole share of this Series during the three month period ending on such last day. Each such
dividend shall be paid to the holders of record of shares of this Series on the date, not exceeding sixty days preceding such dividend
or distribution payment date, fixed for the purpose by the Board of Directors in advance of payment of each particular dividend
or distribution. Dividends on each full and each fractional share of this Series shall be cumulative from the date such full or
fractional share is originally issued; provided that any such full or fractional share originally issued after a dividend record
date and on or prior to the dividend payment date to which such record date relates shall not be entitled to receive the dividend
payable on such dividend payment date or any amount in respect of the period from such original issuance to such dividend payment
date.

 

The term “Reference
Package” shall initially mean 100 shares of Class A Common Stock, par value $0.01 per share (“Common
Stock”), of the Corporation. In the event the Corporation shall at any time after the close of business on [________],
[____]3 (A) declare or pay a
dividend on any Common Stock payable in Common Stock, (B) subdivide any Common Stock or (C) combine any Common Stock into a
smaller number of shares, then and in each such case the Reference Package after such event shall be the Common Stock that a
holder of the Reference Package immediately prior to such event would hold thereafter as a result thereof.

 

 

	2	Insert an amount equal to 1/4 of 1% of the Exercise Price divided by the number of shares of Preferred Stock purchasable
upon exercise of one Right.
	 	 
	3	For a certificate of designation relating to shares to be issued pursuant to Section 2.3 of the Rights Agreement, insert the
Separation Time. For a certificate of designation relating to shares to be issued pursuant to Section 3.1(d) of the Rights Agreement,
insert the Flip-in Date.

 

    -2-

     

    

 

Holders of shares of this Series shall
not be entitled to any dividends, whether payable in cash, property or stock, in excess of full cumulative dividends, as herein
provided on this Series.

 

So long as any shares of this Series
are outstanding, no dividend (other than a dividend in Common Stock or in any other stock ranking junior to this Series as to dividends
and upon liquidation) shall be declared or paid or set aside for payment or other distribution declared or made upon the Common
Stock or upon any other stock ranking junior to this Series as to dividends or upon liquidation, unless the full cumulative dividends
(including the dividend to be paid upon payment of such dividend or other distribution) on all outstanding shares of this Series
shall have been, or shall contemporaneously be, paid. When dividends are not paid in full upon this Series and any other stock
ranking on a parity as to dividends with this Series, all dividends declared upon shares of this Series and any other stock ranking
on a parity as to dividends shall be declared pro rata so that in all cases the amount of dividends declared per share on this
Series and such other stock shall bear to each other the same ratio that accumulated dividends per share on the shares of the Series
and such other stock bear to each other. Neither the Common Stock nor any other stock of the Corporation ranking junior to or on
a parity with this Series as to dividends or upon liquidation shall be redeemed, purchased or otherwise acquired for any consideration
(or any moneys be paid to or made available for a sinking fund for the redemption of any shares of any such stock) by the Corporation
(except by conversion into or exchange for stock of the Corporation ranking junior to this Series as to dividends and upon liquidation),
unless the full cumulative dividends (including the dividend to be paid upon payment of such dividend, distribution, redemption,
purchase or other acquisition) on all outstanding shares of this Series shall have been, or shall contemporaneously be, paid.

 

    -3-

     

    

 

(iv)            
In the event of any merger, consolidation, reclassification or other transaction in which the shares of Common Stock are
exchanged for or changed into other stock or securities, cash and/or any other property, then in any such case the shares of this
Series shall at the same time be similarly exchanged or changed in an amount per whole share equal to the aggregate amount of stock,
securities, cash and/or any other property (payable in kind), as the case may be, that a holder of the Reference Package would
be entitled to receive as a result of such transaction.

 

(v)              
In the event of any liquidation, dissolution or winding up of the affairs of the Corporation, whether voluntary or involuntary,
the holders of full and fractional shares of this Series shall be entitled, before any distribution or payment is made on any date
to the holders of the Common Stock or any other stock of the Corporation ranking junior to this Series upon liquidation, to be
paid in full an amount per whole share of this Series equal to the greater of (A) $0.01 or (B) the aggregate amount distributed
or to be distributed in connection with such liquidation, dissolution or winding up to a holder of the Reference Package (such
greater amount being hereinafter referred to as the “Liquidation Preference”), together with accrued dividends to such
distribution or payment date, whether or not earned or declared. If such payment shall have been made in full to all holders of
shares of this Series, the holders of shares of this Series as such shall have no right or claim to any of the remaining assets
of the Corporation.

 

In the event the assets of the Corporation
available for distribution to the holders of shares of this Series upon any liquidation, dissolution or winding up of the Corporation,
whether voluntary or involuntary, shall be insufficient to pay in full all amounts to which such holders are entitled pursuant
to the first paragraph of this Section (v), no such distribution shall be made on account of any shares of any other class
or series of Preferred Stock ranking on a parity with the shares of this Series upon such liquidation, dissolution or winding up
unless proportionate distributive amounts shall be paid on account of the shares of this Series, ratably in proportion to the full
distributable amounts for which holders of all such parity shares are respectively entitled upon such liquidation, dissolution
or winding up.

 

Upon the liquidation, dissolution
or winding up of the Corporation, the holders of shares of this Series then outstanding shall be entitled to be paid out of assets
of the Corporation available for distribution to its stockholders all amounts to which such holders are entitled pursuant to the
first paragraph of this Section (v) before any payment shall be made to the holders of Common Stock or any other stock of
the Corporation ranking junior upon liquidation to this Series.

 

    -4-

     

    

 

For the purposes of this Section (v),
the consolidation or merger of, or binding statutory share exchange by, the Corporation with any other corporation shall not be
deemed to constitute a liquidation, dissolution or winding up of the Corporation.

 

(vi)            
The shares of this Series shall not be redeemable.

 

(vii)         
In addition to any other vote or consent of stockholders required by law or by the Restated Certificate of Incorporation,
as amended, of the Corporation, and except as otherwise required by law, each share (or fraction thereof) of this Series shall,
on any matter, vote as a class with any other capital stock comprising part of the Reference Package and shall have the number
of votes thereon that a holder of the Reference Package would have.

 

(viii)        If
and whenever dividends payable on this Series and any other class or series of stock of the Corporation ranking on a parity
with this Series as to payment of dividends (any such class or series being herein referred to as “dividend parity
stock”) shall be in arrears in an aggregate amount equal to at least six quarterly dividends (whether or not
consecutive), the number of directors then constituting the Board of Directors shall be increased by two and the holders of
shares of this Series, together with the holders of all other affected classes and series of dividend parity stock similarly
entitled to vote for the election of two additional directors, voting separately as a single class, shall be entitled to
elect the two additional directors at any annual meeting of stockholders or any special meeting of the holders of shares of
this Series and such dividend parity stock called as hereinafter provided. Whenever all arrears in dividends on the shares of
this Series and dividend parity stock then outstanding shall have been paid and dividends thereon for the current quarterly
dividend period shall have been paid or declared and set aside for payment, then the right of the holders of shares of this
Series and such dividend parity stock to elect such additional two directors shall cease (but subject always to the same
provisions for the vesting of such voting rights in the case of any similar future arrearages in dividends), and the terms of
office of all persons elected as directors by the holders of shares of this Series and such dividend parity stock shall
forthwith terminate and the number of directors constituting the Board of Directors shall be reduced accordingly. At any time
after such voting power shall have been so vested in the holders of shares of this Series and such dividend parity stock, the
Secretary of the Corporation may, and upon the written request of any holder of shares of this Series (addressed to the
Secretary at the principal office of the Corporation) shall, call a special meeting of the holders of shares of this Series
and such dividend parity stock for the election of the two directors to be elected by them as herein provided, such call to
be made by notice similar to that provided in the by-laws for a special meeting of the stockholders or as required by law. If
any such special meeting so required to be called shall not be called by the Secretary within 20 days after receipt of any
such request, then any holder of shares of this Series may (at the Corporation’s expense) call such meeting, upon
notice as herein provided, and for that purpose shall have access to the stock books of the Corporation. The directors
elected at any such special meeting shall hold office until the next annual meeting of the stockholders if such office shall
not have previously terminated as above provided. In case any vacancy shall occur among the directors elected by the holders
of shares of this Series and such dividend parity stock, a successor shall be elected by the Board of Directors to serve
until the next annual meeting of the stockholders upon the nomination of the then remaining director elected by the holders
of shares of this Series and such dividend parity stock or the successor of such remaining director. If the holders of shares
of this Series become entitled under the foregoing provisions to elect or participate in the election of two directors as a
result of dividend arrearages, such entitlement shall not affect the right of such holders to vote as stated in paragraph
(vii), including the right to vote in the election of the remaining directors.

 

    -5-

     

    

 

(ix)            
This Series shall rank as to the payment of dividends and distributions and amounts upon liquidation, dissolution and winding-up
junior to all other series or shares of Preferred Stock unless otherwise expressly provided in the terms of such series or shares
of Preferred Stock.

 

(x)              
In the event that the Corporation or its agents determine that they are obligated to withhold or deduct any tax or other
governmental charge under any applicable law on actual or deemed payments or distributions to a holder of the shares of this Series,
the Corporation or its agents shall be entitled to (i) deduct and withhold such amount by withholding a portion or all of the cash,
securities or other property otherwise deliverable or by otherwise using any property that is owned by such holder, or (ii) in
lieu of such withholding, require any holder to make a payment to the Corporation or its agent, in each case in such amounts as
they deem necessary to meet their withholding obligations, and in the case of (i) above, shall also be entitled, but not obligated,
to sell all or a portion of such withheld securities or other property by public or private sale in such amounts and in such manner
as they deem necessary and practicable to pay such taxes and charges.

 

    -6-

     

    

 

IN WITNESS WHEREOF, ________________________
has caused this certificate to be signed by _____________, its ________________________, on the __ day of ______________, 20__.

 

	 	Spirit AeroSystems Holdings,
    Inc.
	 	 
	 	By:	                   

 

    -7-EX-4.3

 Exhibit 4.3 

INTERSECT ENT, INC., 

Issuer 
 AND 

[TRUSTEE], 
 Trustee

  
  

INDENTURE 
 Dated as of
[●], 20     
  

 
 Debt
Securities 

 TABLE OF CONTENTS 

 

					
	 	 	 	  	PAGE
	ARTICLE 1 DEFINITIONS	  	  1
	 Section 1.01
	 	Definitions of Terms	  	  1
		
	ARTICLE 2 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	  	  8
	 Section 2.03
	 	Denominations: Provisions for Payment	  	  8
	 Section 2.04
	 	Execution and Authentications	  	10
	 Section 2.05
	 	Registration of Transfer and Exchange	  	11
	 Section 2.06
	 	Temporary Securities	  	12
	 Section 2.07
	 	Mutilated, Destroyed, Lost or Stolen Securities	  	12
	 Section 2.08
	 	Cancellation	  	13
	 Section 2.09
	 	Benefits of Indenture	  	13
	 Section 2.10
	 	Authenticating Agent	  	14
	 Section 2.11
	 	Global Securities	  	14
	 Section 2.12
	 	CUSIP Numbers	  	15
		
	ARTICLE 3 REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS	  	16
	 Section 3.01
	 	Redemption	  	16
	 Section 3.02
	 	Notice of Redemption	  	16
	 Section 3.03
	 	Payment Upon Redemption	  	17
	 Section 3.04
	 	Sinking Fund	  	17
	 Section 3.05
	 	Satisfaction of Sinking Fund Payments with Securities	  	18
	 Section 3.06
	 	Redemption of Securities for Sinking Fund	  	18
		
	ARTICLE 4 COVENANTS	  	18
	 Section 4.01
	 	Payment of Principal, Premium and Interest	  	18
	 Section 4.02
	 	Maintenance of Office or Agency	  	19
	 Section 4.03
	 	Paying Agents	  	19
	 Section 4.04
	 	Appointment to Fill Vacancy in Office of Trustee	  	20

  
 i. 

 TABLE OF CONTENTS 

(CONTINUED) 
  

					
	 	 	 	  	PAGE
		
	ARTICLE 5 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	  	21
	 Section 5.03
	 	Reports by the Company	  	21
	 Section 5.04
	 	Reports by the Trustee	  	22
		
	ARTICLE 6 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	  	26
	 Section 6.06
	 	Control by Securityholders	  	27
	 Section 6.07
	 	Undertaking to Pay Costs	  	27
		
	ARTICLE 7 CONCERNING THE TRUSTEE	  	28
	 Section 7.01
	 	Certain Duties and Responsibilities of Trustee	  	28
	 Section 7.02
	 	Certain Rights of Trustee	  	29
	 Section 7.03
	 	Trustee Not Responsible for Recitals or Issuance or Securities	  	31
	 Section 7.04
	 	May Hold Securities	  	32
	 Section 7.05
	 	Moneys Held in Trust	  	32
	 Section 7.06
	 	Compensation and Reimbursement	  	32
	 Section 7.07
	 	Reliance on Officer’s Certificate	  	33
	 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	  	35
	 Section 7.12
	 	Merger, Conversion, Consolidation or Succession to Business	  	36

  
 ii. 

 TABLE OF CONTENTS 

(CONTINUED) 
  

					
	 	 	 	  	PAGE
	 Section 7.13
	 	Preferential Collection of Claims Against the Company	  	36
	 Section 7.14
	 	Notice of Default.	  	36
		
	ARTICLE 8 CONCERNING THE SECURITYHOLDERS	  	37
	 Section 8.01
	 	Evidence of Action by Securityholders	  	37
	 Section 8.02
	 	Proof of Execution by Securityholders	  	37
	 Section 8.03
	 	Who May be Deemed Owners	  	38
	 Section 8.04
	 	Certain Securities Owned by Company Disregarded	  	38
	 Section 8.05
	 	Actions Binding on Future Securityholders	  	38
		
	ARTICLE 9 SUPPLEMENTAL INDENTURES	  	39
	 Section 9.01
	 	Supplemental Indentures Without the Consent of Securityholders	  	39
	 Section 9.02
	 	Supplemental Indentures With Consent of Securityholders	  	40
	 Section 9.03
	 	Effect of Supplemental Indentures	  	40
	 Section 9.04
	 	Securities Affected by Supplemental Indentures	  	40
	 Section 9.05
	 	Execution of Supplemental Indentures	  	41
		
	ARTICLE 10 SUCCESSOR ENTITY	  	41
	 Section 10.01
	 	Company May Consolidate, Etc.	  	41
	 Section 10.02
	 	Successor Entity Substituted	  	42
		
	ARTICLE 11 SATISFACTION AND DISCHARGE	  	42
	 Section 11.01
	 	Satisfaction and Discharge of Indenture	  	42
	 Section 11.02
	 	Discharge of Obligations	  	43
	 Section 11.03
	 	Deposited Moneys to be Held in Trust	  	43
	 Section 11.04
	 	Payment of Moneys Held by Paying Agents	  	43
	 Section 11.05
	 	Repayment to Company	  	44
		
	ARTICLE 12 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS	  	44
	 Section 12.01
	 	No Recourse	  	44
		
	ARTICLE 13 MISCELLANEOUS PROVISIONS	  	45
	 Section 13.01
	 	Effect on Successors and Assigns	  	45
	 Section 13.02
	 	Actions by Successor	  	45
	 Section 13.03
	 	Surrender of Company Powers	  	45

  
 iii. 

 TABLE OF CONTENTS 

(CONTINUED) 
  

					
	 	 	 	  	PAGE
	 Section 13.04
	 	Notices	  	45
	 Section 13.05
	 	Governing Law; Jury Trial Waiver	  	45
	 Section 13.06
	 	Treatment of Securities as Debt	  	46
	 Section 13.07
	 	Certificates and Opinions as to Conditions Precedent	  	46
	 Section 13.08
	 	Payments on Business Days	  	46
	 Section 13.09
	 	Conflict with Trust Indenture Act	  	47
	 Section 13.10
	 	Counterparts	  	47
	 Section 13.11
	 	Separability	  	47
	 Section 13.12
	 	Compliance Certificates	  	47
	 Section 13.13
	 	Patriot Act	  	47
	 Section 13.14
	 	Force Majeure	  	48
	 Section 13.12
	 	Table of Contents; Headings	  	48

  
 iv. 

 INDENTURE 

INDENTURE, dated as of [●], 20    , among Intersect ENT, Inc., a
Delaware corporation (the “Company”), and [TRUSTEE], 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 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 1 
 DEFINITIONS

 Section 1.01    Definitions of Terms. 

The terms defined in this Section (except as in this Indenture or any indenture supplemental hereto 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 or any indenture supplemental hereto 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 the Trustee or an authenticating agent with respect to all or any of the series of
Securities appointed 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 (or
the functional equivalent thereof) of the Company or any duly authorized committee of such Board. 

  
 1 

 “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 (or duly authorized committee thereof) 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 of New York, or in the city of the Corporate Trust Office of the Trustee, are authorized or obligated by law, executive order or regulation to close. 

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

“Company” means Intersect ENT, Inc., a corporation duly organized and existing under the laws of the State of
Delaware, and, subject to the provisions of Article Ten, shall also include its successors and assigns. 
 “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
                                    
                . 

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

“Defaulted Interest” has the meaning set forth in Section 2.03. 

“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, 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 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 United States Securities and Exchange Act of 1934, as amended, and the rules and regulations
promulgated by the Commission thereunder. 
 The term “given”, “mailed”,
“notify” or “sent” with respect to any notice to be given to a Securityholder pursuant to this Indenture, shall mean notice (x) given to the Depositary (or its designee) pursuant to the standing
instructions from the Depositary or its designee, including by electronic mail in accordance with accepted practices or procedures at the Depositary (in the case of a Global Security) or (y) mailed to such Securityholder by first class mail,
postage prepaid, at its address as it appears on the Security Register (in the case of a definitive Security). Notice so “given” shall be deemed to include any notice to be “mailed” or “delivered,” as applicable, under
this Indenture. 

  
 2 

 “Global Security” means a Security issued to evidence all or a part
of any series of Securities which is executed by the Company and authenticated and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with the Indenture, which shall be registered in the
name of the Depositary or its nominee. 
 “Governmental Obligations” means securities that are (a) direct
obligations of the United States of America for the payment of which its full faith and credit is pledged or (b) 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 not callable or redeemable at the option of the issuer thereof at any time prior to the stated maturity of
the Securities, and shall also include a depositary receipt issued by a bank or trust company 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 and shall include the terms of particular series of Securities established as contemplated by Section 2.01. 

“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.

 “Officer” means, with respect to the Company, the chairman of the Board of Directors, a chief executive officer,
a president, a chief financial officer, a chief operating officer, any executive vice president, any senior vice president, any vice president, the treasurer or any assistant treasurer, the controller or any assistant controller or the secretary or
any assistant secretary. 
 “Officer’s Certificate” means a certificate signed by any Officer. Each such
certificate shall include the statements provided for in Section 13.07, if and to the extent required by the provisions thereof. 

  
 3 

 “Opinion of Counsel” means an opinion in writing subject to
customary exceptions of legal counsel, who may be an employee of or counsel for the Company, that is delivered to the Trustee in accordance with the terms hereof. Each such opinion shall include the statements provided for in Section 13.07, if
and to the extent required by the provisions thereof. 
 “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 provided in Article Three, 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. 

“Person” means any individual, corporation, partnership, joint venture, joint-stock company, limited liability
company, association, trust, unincorporated organization, any other entity or organization, including a government or political subdivision or an agency or instrumentality 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 lost, destroyed or stolen Security shall be deemed to evidence the same
debt as the lost, destroyed or stolen Security. 
 “Responsible Officer” when used with respect to the Trustee means
any officer within the Corporate Trust Office of the Trustee (or any successor group of the Trustee) 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 his or her knowledge of and familiarity with the particular subject and in each case who shall have direct responsibility for
the administration of this Indenture. 
 “Securities” has the meaning stated in the first recital of this Indenture
and more particularly means any Securities authenticated and delivered under this Indenture. 
 “Securities Act”
means the Securities Act of 1933, as amended. 
 “Securityholder”, “holder of Securities”,
“registered holder”, or other similar term, means the Person or Persons in whose name or names a particular Security is registered on the Security Register kept for that purpose in accordance with the terms of this Indenture.

  
 4 

 “Security Register” and “Security Registrar”
shall have the meanings as set forth in Section 2.05. 
 “Subsidiary” means, with respect to any Person, any
corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of capital stock or other interests (including partnership interests) entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers, general partners or trustees thereof is at the time owned or controlled, directly or indirectly, by (i) such Person; (ii) such Person and one or more Subsidiaries of such Person;
or (iii) one or more Subsidiaries of such Person. 
 “Trustee” means
                                         
       , and, subject to the provisions of Article Seven, shall also include its successors and assigns, and, if at any time there is more than one Person acting in such capacity hereunder, “Trustee”
shall mean each such Person. The term “Trustee” as used with respect to a particular series of the Securities shall mean the trustee with respect to that series. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended. 

“U.S.A. Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept
and Obstruct Terrorism Act of 2001, Pub. L. 107-56, as amended and signed into law October 26, 2001. 

ARTICLE 2 
 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 or pursuant to one or
more indentures supplemental hereto. Prior to the initial issuance of Securities of any series, there shall be established in or pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or more indentures
supplemental hereto: 
 (1)    the title of the Securities of the series (which shall distinguish the Securities
of that series from all other Securities); 
 (2)    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); 

  
 5 

 (3)    the maturity date or dates on which the principal of the
Securities of the series is payable; 
 (4)    the form of the Securities of the series including the form of
the certificate of authentication for such series; 
 (5)    the applicability of any guarantees; 

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

(7)    whether the Securities rank as senior debt, senior subordinated debt, subordinated debt or any combination
thereof, and the terms of any subordination; 
 (8)    if the price (expressed as a percentage of the aggregate
principal amount thereof) at which such Securities will be issued is a price other than the principal amount thereof, the portion of the principal amount thereof payable upon declaration of acceleration of the maturity thereof, or if applicable, the
portion of the principal amount of such Securities that is convertible into another security or the method by which any such portion shall be determined; 

(9)    the interest rate or rates, which may be fixed or variable, or the method for determining the rate and the
date interest will begin to accrue, the dates interest will be payable and the regular record dates for interest payment dates or the method for determining such dates; 

(10)    the Company’s right, if any, to defer the payment of interest and the maximum length of any such
deferral period; 
 (11)    if applicable, the date or dates after which, or the period or periods during which,
and the price or prices at which, the Company may at its option, redeem the series of Securities pursuant to any optional or provisional redemption provisions and the terms of those redemption provisions; 

(12)    the date or dates, if any, on which, and the price or prices at which the Company is obligated, pursuant
to any mandatory sinking fund or analogous fund provisions or otherwise, to redeem, or at the Securityholder’s option to purchase, the series of Securities and the currency or currency unit in which the Securities are payable; 

(13)    the denominations in which the Securities of the series shall be issuable, if other than denominations of
one thousand U.S. dollars ($1,000) or any integral multiple thereof; 
 (14)    any and all terms, if
applicable, relating to any auction or remarketing of the Securities of that series and any security for the obligations of the Company with respect to such Securities and any other terms which may be advisable in connection with the marketing of
Securities of that series; 

  
 6 

 (15)    whether the Securities of the series shall be issued in
whole or in part in the form of a Global Security or Securities; the terms and conditions, if any, upon which such Global Security or Securities may be exchanged in whole or in part for other individual Securities; and the Depositary for such Global
Security or Securities; 
 (16)    if applicable, the provisions relating to conversion or exchange of any
Securities of the series and the terms and conditions upon which such Securities will be so convertible or exchangeable, including the conversion or exchange price, as applicable, or how it will be calculated and may be adjusted, any mandatory or
optional (at the Company’s option or the holders’ option) conversion or exchange features, the applicable conversion or exchange period and the manner of settlement for any conversion or exchange, which may, without limitation, include the
payment of cash as well as the delivery of securities; 
 (17)    if other than the full 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; 

(18)    additions to or changes in the covenants applicable to the series of Securities being issued, including,
among others, the consolidation, merger or sale covenant; 
 (19)    additions to or changes in the Events of
Default with respect to the Securities and any change in the right of the Trustee or the Securityholders to declare the principal, premium, if any, and interest, if any, with respect to such Securities to be due and payable; 

(20)    additions to or changes in or deletions of the provisions relating to covenant defeasance and legal
defeasance; 
 (21)    additions to or changes in the provisions relating to satisfaction and discharge of this
Indenture; 
 (22)    additions to or changes in the provisions relating to the modification of this Indenture
both with and without the consent of Securityholders of Securities issued under this Indenture; 
 (23)    the
currency of payment of Securities if other than U.S. dollars and the manner of determining the equivalent amount in U.S. dollars; 

(24)    whether interest will be payable in cash or additional Securities at the Company’s or the
Securityholders’ option and the terms and conditions upon which the election may be made; 
 (25)    the
terms and conditions, if any, upon which the Company shall pay amounts in addition to the stated interest, premium, if any and principal amounts of the Securities of the series to any Securityholder that is not a “United States person” for
federal tax purposes; 

  
 7 

 (26)    any restrictions on transfer, sale or assignment of the
Securities of the series; and 
 (27)    any other specific terms, preferences, rights or limitations of,
or restrictions on, the Securities, any other additions or changes in the provisions of this Indenture, and any terms that may be required by us or advisable under applicable laws or regulations. 

All Securities of any one series shall be substantially identical 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 Officer’s 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, and set forth in an Officer’s Certificate, and they 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 securities 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)(13). The Securities of a particular series shall bear interest payable on the dates and at the rate specified with respect to that series. Subject to Section 2.01(a)(23), the principal of and
the interest on the Securities of any series, as well as any premium thereon in case of redemption or repurchase thereof prior to maturity, and any cash amount due upon conversion or exchange thereof, 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. 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. 

  
 8 

 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 in the Security Register 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 sent, to each Securityholder 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 sent as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such
Securities (or their respective Predecessor Securities) are registered in the Security Register on such special record date. 

(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 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 and any Interest

  
 9 

 
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 first day of 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 one of its Officers. 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 an Officer (at the time of execution),
notwithstanding the fact that at the time the Securities shall be authenticated and delivered or disposed of such Person shall have ceased to be such an officer of the Company. 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 by the Trustee. 
 A Security
shall not be valid until authenticated manually by an authorized signatory of the Trustee, or by an Authenticating Agent. Such signature shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered
hereunder and that the holder 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 an Officer, and the Trustee in accordance with such written order shall authenticate and deliver such
Securities. 
 Upon the Company’s delivery of any such authentication order to the Trustee at any time after the initial issuance of
Securities under this Indenture, the Trustee shall be provided with, and (subject to Sections 315(a) through 315(d) of the Trust Indenture Act) shall be fully protected in relying upon, (1) an Opinion of Counsel or reliance letter and
(2) an Officer’s Certificate stating that all conditions precedent to the execution, authentication and delivery of such Securities are 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. 

  
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 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, 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 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 or Supplemental
Indenture (the “Security Registrar”). 
 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. 
 The Company initially appoints the Trustee as Security Registrar for each series of Securities. 

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)    Except as provided pursuant to Section 2.01 pursuant to a Board Resolution,
and set forth in an Officer’s Certificate, or established in one or more indentures supplemental to this Indenture, 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 or repurchase, conversion or exchange of less than the entire principal amount of a Security, 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 and the Security Registrar 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 sending 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 sending, nor (ii) to register the transfer of or exchange any Securities of any series or portions 

  
 11 

 
thereof called for redemption or surrendered for repurchase, but not validly withdrawn, other than the unredeemed portion of any such Securities being redeemed in part or not surrendered for
repurchase, as the case may be. The provisions of this Section 2.05 are, with respect to any Global Security, subject to Section 2.11 hereof. 

The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under
this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depositary participants or beneficial owners of interests in any Global Security) other than to require
delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with
the express requirements hereof. 
 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 Securityholders), at the office or agency of the Company designated for the purpose, 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. 

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 

  
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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, repurchase, exchange, registration of transfer or conversion shall, if
surrendered to the Company or any paying agent (or any other applicable 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. 

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 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. 

  
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 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, repurchase or conversion
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. 

Section 2.11    Global Securities. 

(a)    If the Company shall establish pursuant to Section 2.01 that 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, all of the Outstanding Securities of such series, (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 (or if the Depositary names the Trustee as its custodian, retained by the Trustee), 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. 

  
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 (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, or if an Event of Default has occurred
and is continuing and the Company has received a request from the Depositary or from the Trustee, this Section 2.11 shall no longer be applicable to the Securities of such series and the Company will execute, and subject to Section 2.04,
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 2.04, the Trustee, upon receipt of an Officer’s 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. 

Section 2.12    CUSIP Numbers. 

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

  
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 ARTICLE 3 

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 any right the Company reserved for itself to do so pursuant to Section 2.01 hereof, 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 (or with regard to any Global Security held in book entry form, by electronic mail in accordance with the applicable procedures of the Depositary), 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 Securityholders, 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 Officer’s Certificate evidencing compliance with any such restriction. 

Each such notice of redemption shall identify the Securities to be redeemed (including CUSIP numbers, if any), 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, 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 from 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 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. 

(b)    If less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least
45 days’ notice (unless a shorter notice shall be satisfactory to the 

  
 16 

 
Trustee) 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 Securities to be redeemed shall be
selected, by lot, on a pro rata basis, or in such other manner as the Company 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 an Officer, 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, but excluding, 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, but excluding, 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). 

(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 Securityholder 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. 

  
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 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 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 (unless a
shorter period shall be satisfactory to the Trustee), the Company will deliver to the Trustee an Officer’s 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 Officer’s Certificate, deliver to the Trustee any
Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Securities to be redeemed upon such sinking fund payment date shall be selected in the manner specified in Section 3.02 and the Company shall
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. 
 ARTICLE 4 

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. Payments of principal on the Securities may be made at the time provided herein and established with respect to such Securities by U.S.
dollar check drawn on and mailed to the address of the Securityholder entitled 

  
 18 

 
thereto as such address shall appear in the Security Register, or U.S. dollar wire transfer to, a U.S. dollar account if such Securityholder shall have furnished wire instructions to the Trustee
no later than 15 days prior to the relevant payment date. Payments of interest on the Securities may be made at the time provided herein and established with respect to such Securities by U.S. dollar check mailed to the address of the Securityholder
entitled thereto as such address shall appear in the Security Register, or U.S. dollar wire transfer to, a U.S. dollar account if such Securityholder shall have furnished wire instructions in writing to the Security Registrar and the Trustee no
later than 15 days prior to the relevant payment date. 
 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 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 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 any officer authorized to sign an Officer’s Certificate 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. The Company initially appoints the Corporate Trust Office of the Trustee as its paying agent with respect to the Securities. 

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; 

(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 

  
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 (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
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 (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal,
premium or interest, and (unless such paying agent is the Trustee) the Company will promptly notify the Trustee of 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 the Company or any paying agent to the Trustee, the Company or such paying agent shall be released from all further liability with respect to such money. 

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. 
 ARTICLE 5 

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE 

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

The Company will furnish or cause to be furnished to the Trustee (a) within 15 days after 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

  
 20 

 
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). 
 (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, and, in connection with any such communications, the Trustee shall satisfy its obligations under
Section 312(b) of the Trust Indenture Act in accordance with the provisions of Section 312(b) of the Trust Indenture Act. 

Section 5.03    Reports by the Company. 

(a)    The Company will at all times comply with Section 314(a) of the Trust Indenture Act. The Company
covenants and agrees to provide (which delivery may be via electronic mail) to the Trustee within 30 days, after the Company files 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 is required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange
Act; provided, however, the Company shall not be required to deliver to the Trustee any correspondence filed with the Commission or any materials for which the Company has sought and received confidential treatment by the Commission; and provided
further, that so long as such filings by the Company are available on the Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), or any successor system, such filings shall be deemed to have been filed with the Trustee
for purposes hereof without any further action required by the Company. For the avoidance of doubt, a failure by the Company to file annual reports, information and other reports with the Commission within the time period prescribed thereof by the
Commission shall not be deemed a breach of this Section 5.03. 
 (b)    Delivery of reports, information and
documents to the Trustee under Section 5.03 is for informational purposes only and the information and the Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein, or determinable
from information contained therein including the Company’s compliance with any of their covenants thereunder (as to which the Trustee is entitled to rely exclusively on an Officer’s Certificate). The Trustee is under no duty to examine any
such reports, information or 

  
 21 

 
documents delivered to the Trustee or filed with the Commission via EDGAR to ensure compliance with the provision of this Indenture or to ascertain the correctness or otherwise of the information
or the statements contained therein. The Trustee shall have no responsibility or duty whatsoever to ascertain or determine whether the above referenced filings with the Commission on EDGAR (or any successor system) has occurred. 

Section 5.04    Reports by the Trustee. 

(a)    If required by Section 313(a) of the Trust Indenture Act, the Trustee, within sixty (60) days after
each May 1, shall send to the Securityholders a brief report dated as of such May 1, which complies with Section 313(a) of the Trust Indenture Act. 

(b)    The Trustee shall comply with Section 313(b) and 313(c) of the Trust Indenture Act. 

(c)    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 securities exchange upon which any Securities are listed (if so listed) and also with the Commission. The Company agrees to notify the Trustee when any Securities become listed on any securities exchange. 

ARTICLE 6 
 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 such default continues 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 

  
 22 

 
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 at least 25% 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 
 (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 days. 
 (b)    In each and every such case (other than an Event of Default
specified in clause (4) or clause (5) above), 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 25% 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 of (and premium, if any, on) and accrued and unpaid interest 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. If an Event of Default specified in clause (4) or clause (5) above occurs, the
principal of and accrued and unpaid interest on all the Securities of that series shall automatically be immediately due and payable without any declaration or other act on the part of the Trustee or the holders of the Securities. 

(c)    At any time after the principal of (and premium, if any, on) and accrued and unpaid interest on the
Securities of that series shall have been so declared due and payable, and before any 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, 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 (with
interest upon such principal and premium, if any, and, to the extent that such payment is enforceable under applicable law, upon overdue installments of interest, at the rate per annum expressed in the Securities of that series to the date of such
payment or deposit) and the amount payable to the Trustee under Section 7.06, and (ii) any and all Events of Default under the Indenture with respect to such series, other than the nonpayment of principal on (and premium, if any, on) and

  
 23 

 
accrued and unpaid interest on Securities of that series that shall not have become due by their terms, shall have been remedied 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. 

(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 (i) in case it shall default in the payment of any installment of
interest on any of the Securities of a series, or in 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 days, or (ii) 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 or equity out of the property of the Company or other obligor upon the Securities of that series, wherever situated. 

(c)    In case of any receivership, insolvency, liquidation, bankruptcy, reorganization, readjustment, arrangement,
composition or judicial proceedings affecting 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 

  
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holders of Securities of such series allowed for the entire amount due and payable by the Company under the 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 the 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 Securityholder 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 of the
payment, if only partially paid, and upon surrender thereof if fully paid: 
 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 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; and 

  
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 THIRD: To the payment of the remainder, if any, to the Company or any other Person lawfully
entitled thereto. 
 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 Securityholder 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 25% 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 Securityholder or Securityholders shall have
offered to the Trustee indemnity satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; (iv) the Trustee for 90 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 90 day period, the holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request.

 Notwithstanding anything contained herein to the contrary or 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. 

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 

  
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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 an 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 8.04, 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 subject the Trustee in its sole discretion to personal liability. 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, subject to the Trustee’s duties under the Trust Indenture Act, would
involve the Trustee in personal liability or might be unduly prejudicial to the Securityholders not involved in the proceeding. The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding affected
thereby, determined in accordance with Section 8.04, 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)). 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. 

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 and expenses, against any party litigant in such suit, having due regard to the merits
and good faith of the claims or defenses 

  
 27 

 
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 7

 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
or her own affairs. 
 (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: 

(i)    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: 

(A)    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 
 (B)    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 requirements of this Indenture; 

  
 28 

 (ii)    the Trustee shall not be liable to any Securityholder or
to any other Person 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; 

(iii)    the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good
faith in accordance with the direction of the holders of 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; 

(iv)    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; 

(v)    The Trustee shall not be required to give any bond or surety in respect of the performance of its powers or
duties hereunder; 
 (vi)    The permissive right of the Trustee to do things enumerated in this Indenture shall
not be construed as a duty of the Trustee; and 
 (vii)    No Trustee shall have any duty or responsibility for
any act or omission of any other Trustee appointed with respect to a series of Securities hereunder. 

Section 7.02    Certain Rights of Trustee. 

Except as otherwise provided in Section 7.01: 

(a)    The Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, 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 any authorized Officer of the Company (unless other evidence in respect thereof is specifically prescribed herein); 

(c)    The Trustee may consult with counsel and the opinion or written advice of such counsel or, if requested, 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; 

  
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 (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 security or indemnity
reasonably acceptable to the Trustee 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 or her 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; 

(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 or inquire as to the performance by the Company of one of its covenants under this Indenture, 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 security or indemnity reasonably acceptable to the Trustee 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; 
 (g)    
The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or
attorney appointed with due care by it hereunder; 
 (h)    In no event shall the Trustee be responsible or
liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or
terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall
use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances; 

(i)    In no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss
or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; and 

  
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 (j)    The Trustee agrees to accept and act upon instructions or
directions pursuant to this Indenture sent by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods; provided, however, that such instructions or directions shall be signed by
an authorized representative of the party providing such instructions or directions. If the party elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method)
and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or
indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic instructions agrees to assume
all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by
third parties. The Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of individuals and/or titles of officers authorized at such time to furnish the Trustee with Officer’s Certificates, Company
Orders and any other matters or directions pursuant to this Indenture; 
 (k)    The rights, privileges,
protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder and under the Securities, and each
agent, custodian or other person employed to act under this Indenture; and 
 (l)    The Trustee shall not be
deemed to have knowledge of any Default or Event of Default (other than an Event of Default constituting the failure to pay the interest on, or the principal of, the Securities if the Trustee also serves as the paying agent for such Securities)
until the Trustee shall have received written notification in the manner set forth in this Indenture or a Responsible Officer of the Trustee shall have obtained actual knowledge. 

Section 7.03    Trustee Not Responsible for Recitals or Issuance or 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. The Trustee shall not be responsible for any statement in any registration statement, prospectus, or any other document in connection with the sale of Securities. The Trustee shall
not be responsible for any rating on the Securities or any action or omission of any rating agency. 
 (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. 

  
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 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. 
 Section 7.06    Compensation and Reimbursement. 

(a)     The Company shall pay to the Trustee for each of its capacities hereunder from time to time compensation for
its services as the Company and the Trustee shall from time to time agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon
request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and
counsel. 
 (b)    The Company shall indemnify each of the Trustee in each of its capacities hereunder against
any loss, liability or expense (including the cost of defending itself and including the reasonable compensation and expenses of the Trustee’s agents and counsel) incurred by it except as set forth in Section 7.06(c) in the exercise or
performance of its powers, rights or duties under this Indenture as Trustee or Agent. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. The Company shall defend the claim and the Trustee shall cooperate in
the defense. The Trustee may have one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably
withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. 

(c)    The Company need not reimburse any expense or indemnify against any loss or liability incurred by the
Trustee or by any officer, director, employee, shareholder or agent of the Trustee through negligence or bad faith. 

(d)    To ensure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the
Securities on all funds or property held or collected by the Trustee, except that held in trust to pay principal of or interest on particular Securities. When the Trustee incurs expenses or renders services in connection with an Event of Default
specified in Section 6.01(4) or (5), the expenses (including the reasonable fees and expenses of its counsel) and the compensation for services in connection therewith are to constitute expenses of administration under any bankruptcy law. The
provisions of this Section 7.06 shall survive the termination of this Indenture and the resignation or removal of the Trustee. 

  
 32 

 Section 7.07    Reliance on
Officer’s Certificate. 
 Except as otherwise provided in Section 7.01, whenever in the administration of the
provisions of this Indenture the Trustee shall deem it reasonably 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 Officer’s 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. 

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 fifty 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 or other Person 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 or other Person 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 the Securityholders of such series. 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 

  
 33 

 
after the sending 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. 

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

(i)    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 

(ii)    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 
 (iii)    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 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. 

  
 34 

 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 any amounts due to it pursuant to the provisions of Section 7.06, 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 (i) 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, (ii) 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 (iii) 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. 
 (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. 

  
 35 

 (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 send
notice of the succession of such trustee hereunder to the Securityholders. If the Company fails to send such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be sent 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 all or substantially all the corporate trust business of the Trustee, including the administration of the trust created by this
Indenture, 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. 

Section 7.14    Notice of Default. 

If any Event of Default occurs and is continuing and if such Event of Default is known to a Responsible Officer of the Trustee, the Trustee
shall send to each Securityholder in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act notice of the Event of Default within the earlier of 90 days after it occurs and 30 days after it is known to a Responsible
Officer of the Trustee or written notice of it is received by the Trustee, unless such Event of Default has been cured; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or
interest on any Security, the Trustee shall be protected in withholding such notice if and so long as the Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interest of the Securityholders. 

  
 36 

 ARTICLE 8 

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 Officer’s 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 or her 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. 
 The Trustee may require such additional proof of any matter referred to in this
Section as it shall deem necessary. 

  
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 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 Security Registrar 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. 

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 or 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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 ARTICLE 9 

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: 

(a)    to cure any ambiguity, defect, or inconsistency herein or in the Securities of any series; 

(b)    to comply with Article Ten; 

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

(d)    to add to the covenants, restrictions, conditions or provisions relating to the Company for the benefit of
the holders of all or any series of Securities (and if such covenants, restrictions, conditions or provisions are to be for the benefit of less than all series of Securities, stating that such covenants, restrictions, conditions or provisions are
expressly being included solely for the benefit of such series), to make the occurrence, or the occurrence and the continuance, of a default in any such additional covenants, restrictions, conditions or provisions an Event of Default, 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;

 (h)    to evidence and provide for the acceptance of appointment hereunder by a successor trustee; or 

(i)    to comply with any requirements of the Commission or any successor in connection with the qualification of
this Indenture under the Trust Indenture Act. 

  
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 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. 

Section 9.02    Supplemental Indentures With Consent of Securityholders. 

With the consent (evidenced as provided in Section 8.01) of the holders of not less than a majority in aggregate principal amount of the
Securities of each series affected by such supplemental indenture or indentures at the time Outstanding, the Company, when authorized by a Board Resolution, 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, (a) 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 or (b) reduce the aforesaid percentage of Securities, the holders of which are required to consent to any such supplemental indenture. 

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 

  
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the requirements of any securities 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, 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. 
 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, shall receive an Officer’s Certificate or an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article is authorized or permitted by the terms of this
Article and that all conditions precedent to the execution of the supplemental indenture have been complied with; provided, however, that such Officer’s Certificate or Opinion of Counsel need not be provided in connection with the execution of
a supplemental indenture that establishes the terms of a series of Securities pursuant to Section 2.01 hereof. 
 Promptly after the
execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the Company shall (or shall direct the Trustee to) send 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 Company to send, or cause the sending of, such notice, or any defect therein, shall not, however, in
any way impair or affect the validity of any such supplemental indenture. 
 ARTICLE 10 

SUCCESSOR ENTITY 

Section 10.01    Company May Consolidate, Etc. 

Nothing contained in this Indenture 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 Person (whether or not affiliated with the Company or its successor or successors); 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) or any such sale, conveyance, transfer or other disposition (other than a sale, conveyance, transfer or other disposition to a Subsidiary of the
Company), the due and punctual payment of the 

  
 41 

 
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) reasonably 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. 

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 obligations set forth under Section 10.01 on all of the Securities of all series Outstanding,
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). 
 ARTICLE 11 

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
and not delivered to the Trustee for cancellation (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 or a combination thereof, sufficient
in the 

  
 42 

 
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, 7.10, 11.05 and 13.04, 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. 

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, 11.05 and 13.04 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. 

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. 
 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.

  
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 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, if any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities for at least 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, or such other shorter period set forth in applicable escheat or abandoned or unclaimed property law, shall be repaid to the Company on May 31 of each year or upon
the Company’s request or (if then held by the Company) shall be discharged from such trust; 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 a general creditor, look only to the Company for the payment thereof. 

ARTICLE 12 
 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. 

  
 44 

 ARTICLE 13 

MISCELLANEOUS PROVISIONS 

Section 13.01    Effect on Successors and Assigns. 

All the covenants, stipulations, promises and agreements in this Indenture made 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, request or demand that by any provision of this Indenture is required or permitted
to be given, made or served by the Trustee, the Security Registrar, any paying or other agent under this Indenture or by the holders of Securities or by any other Person pursuant to this Indenture to or on the Company may be given or served by being
deposited in first class mail, postage prepaid, 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 or by any other Person pursuant to this
Indenture 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. 

Section 13.05    Governing Law; Jury Trial Waiver. 

This Indenture and each Security shall be governed by, and construed in accordance with, the internal laws of the State of New York, except to
the extent that the Trust Indenture Act is applicable. 
 EACH PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE. 

  
 45 

 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    Certificates and Opinions as to Conditions Precedent. 

(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 Officer’s Certificate stating that all conditions precedent provided for in this Indenture (other than the certificate to be delivered pursuant to Section 13.12) relating to
the proposed action have been complied with and, if requested, 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 (other than the certificate to be delivered pursuant to Section 13.12 of this Indenture or Section 314(a)(1) of the Trust Indenture Act) shall include (i) a statement that the
Person making such certificate or opinion has read such covenant or condition; (ii) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion
are based; (iii) a statement that, in the opinion of such Person, he has made such examination or investigation as is reasonably necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been
complied with; and (iv) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with. 

Section 13.08    Payments on Business Days. 

Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officer’s 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. 

  
 46 

 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 Section 318(c) 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. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used
in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

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    Compliance Certificates. 

The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year during which any Securities of any series were
outstanding, an officer’s certificate stating whether or not the signers know of any Event of Default that occurred during such fiscal year. Such certificate shall contain a certification from the principal executive officer, principal
financial officer or principal accounting officer of the Company that a review has been conducted of the activities of the Company and the Company’s performance under this Indenture and that the Company has complied with all conditions and
covenants under this Indenture. For purposes of this Section 13.12, such compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture. If the officer of the Company signing such
certificate has knowledge of such an Event of Default, the certificate shall describe any such Event of Default and its status. 

Section 13.13    U.S.A Patriot Act. 

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

  
 47 

 Section 13.14    Force Majeure. 

In no event shall the Trustee, the Security Registrar, any paying agent or any other agent under this Indenture be responsible or liable for
any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or
military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions or utilities, communications or computer (software and hardware) services; it being understood that the Trustee, the Security Registrar,
any paying agent or any other agent under this Indenture shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

Section 13.15    Table of Contents; Headings. 

The table of contents and headings of the articles and sections of this Indenture have been inserted for convenience of reference only, are not
intended to be considered a part hereof, and will not modify or restrict any of the terms or provisions hereof. 

  
 48 

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

			
	INTERSECT ENT, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[TRUSTEE], as Trustee
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 49 

 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
	311(b)	  	7.13
	311(c)	  	Inapplicable
	312(a)	  	5.01
		  	5.02(a)
	312(b)	  	5.02(c)
	312(c)	  	5.02(c)
	313(a)	  	5.04(a)
	313(b)	  	5.04(b)
	313(c)	  	5.04(a)
		  	5.04(b)
	313(d)	  	5.04(c)
	314(a)	  	5.03
		  	13.12
	314(b)	  	Inapplicable
	314(c)	  	13.07(a)
	314(d)	  	Inapplicable
	314(e)	  	13.07(b)
	314(f)	  	Inapplicable
	315(a)	  	7.01(a)
		  	7.01(b)
	315(b)	  	7.14
	315(c)	  	7.01
	315(d)	  	7.01(b)
	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)	  	13.09

  

	(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. 

  
 50

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