Document:

Asset Purchase Agreement dated February 16, 2006

 Exhibit 10.19 
 ASSET PURCHASE AGREEMENT 
 DATED 
 FEBRUARY 16, 2006 
 BY AND AMONG 
 REGIONAL ACCEPTANCE CORPORATION, 
 FSB FINANCIAL, LTD., 
 SOUTHWEST SECURITIES, FSB, 
 FSBF, LLC 
 AND STEVEN BURKE 

 TABLE OF CONTENTS 
  

					
	 	    	 	  	PAGE
	ARTICLE I - Definitions	  	1
	 1.1
	    	 Certain Definitions
	  	1
		
	ARTICLE II – Purchase of Assets and Assumption of Liabilities	  	4
	 2.1
	    	 Schedule of Accounts
	  	4
	 2.2
	    	 Purchase of Assets
	  	4
	 2.3
	    	 Transaction Consideration
	  	5
	 2.4
	    	 Assumption of Liabilities
	  	7
	 2.5
	    	 Seller’s Indemnity for Certain Accounts
	  	8
	 2.6
	    	 Post-Closing Adjustments
	  	8
	 2.7
	    	 Closing
	  	8
		
	ARTICLE III – Representations and Warranties of Seller	  	9
	 3.1
	    	 Organization and Good Standing
	  	9
	 3.2
	    	 Authority
	  	9
	 3.3
	    	 Capitalization
	  	9
	 3.4
	    	 No Conflict
	  	9
	 3.5
	    	 Required Consents
	  	9
	 3.6
	    	 Subsidiaries and Investments
	  	9
	 3.7
	    	 Material Contracts
	  	10
	 3.8
	    	 Account Applications and Agreements
	  	10
	 3.9
	    	 Financial Statements
	  	10
	 3.10
	    	 Absence of Certain Changes
	  	11
	 3.11
	    	 Undisclosed Liabilities
	  	12
	 3.12
	    	 Title to and Sufficiency of Assets
	  	12
	 3.13
	    	 Accounts and Loan Documents
	  	12
	 3.14
	    	 Insurance
	  	14
	 3.15
	    	 Litigation and Compliance
	  	14
	 3.16
	    	 Tax Matters
	  	14
	 3.17
	    	 Environment and Safety Matters
	  	15
	 3.18
	    	 Intangible Rights
	  	15
	 3.19
	    	 Employees and Compensation.
	  	15
	 3.20
	    	 Labor Matters
	  	15
	 3.21
	    	 Contracts with Affiliates and Certain Payments
	  	16
	 3.22
	    	 Books and Records
	  	16
	 3.23
	    	 Accuracy of Information
	  	16
	 3.24
	    	 No Brokers
	  	16
	 3.25
	    	 Receivables
	  	16
	 3.26
	    	 Licenses and Permits
	  	16

  

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	ARTICLE IIIA – Representations and Warranties of the Partners	  	17
	 3A.1
	    	 Organization and Good Standing
	  	17
	 3A.2
	    	 Authority
	  	17
	 3A.3
	    	 No Conflict
	  	17
	 3A.4
	    	 Required Consents
	  	17
	 3A.5
	    	 Seller’s Representations and Warranties
	  	17
		
	ARTICLE IV – Representations and Warranties of Buyer	  	18
	 4.1
	    	 Organization, Standing and Authority of Buyer
	  	18
	 4.2
	    	 Authorized and Effective Agreement
	  	18
		
	ARTICLE V - Covenants	  	18
	 5.1
	    	 Additional Acts
	  	18
	 5.2
	    	 Best Efforts
	  	19
	 5.3
	    	 Access to Information
	  	19
	 5.4
	    	 Press Releases
	  	19
	 5.5
	    	 Conduct of Business
	  	19
	 5.6
	    	 Affirmative Covenants of Seller
	  	21
	 5.7
	    	 Intentionally Omitted
	  	22
	 5.8
	    	 Confidentiality
	  	22
	 5.9
	    	 Taxes
	  	22
	 5.10
	    	 Employees
	  	23
	 5.11
	    	 Apportionment
	  	24
	 5.12
	    	 Repayment of Debt
	  	24
		
	ARTICLE VI – Conditions Precedent to Buyer’s Obligations	  	24
	 6.1
	    	 Representations and Warranties
	  	24
	 6.2
	    	 Performance by Seller and the Partners
	  	24
	 6.3
	    	 Compliance Certificate
	  	25
	 6.4
	    	 Approvals; No Restraint on Transactions
	  	25
	 6.5
	    	 No Material Adverse Change
	  	25
	 6.6
	    	 Third Party Consents
	  	25
	 6.7
	    	 Intentionally Omitted
	  	25
	 6.8
	    	 Escrow Agreement
	  	25
	 6.9
	    	 Bill of Sale and Assignment and Assumption Agreement
	  	25
	 6.10
	    	 Trademark Assignment Agreement
	  	25
		
	ARTICLE VII – Conditions Precedent to Seller’s and the Partners’ Obligations	  	25
	 7.1
	    	 Representations and Warranties
	  	25
	 7.2
	    	 Performance by Buyer
	  	26
	 7.3
	    	 Compliance Certificate
	  	26
	 7.4
	    	 Approvals; No Restraint on Transactions
	  	26
	 7.5
	    	 Intentionally Omitted
	  	26
	 7.6
	    	 Escrow Agreement
	  	26
	 7.7
	    	 Bill of Sale and Assignment and Assumption Agreement
	  	26
	 7.8
	    	 Trademark Assignment Agreement
	  	26

  

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	ARTICLE VIII – Closing Deliveries	  	26
	 8.1
	    	 Deliveries by Seller and the Partners
	  	26
	 8.2
	    	 Deliveries By Buyer
	  	27
		
	ARTICLE IX – Indemnification and Survival	  	28
	 9.1
	    	 Survival of Representations and Warranties
	  	28
	 9.2
	    	 Indemnification
	  	28
	 9.3
	    	 Notice of Claim
	  	28
	 9.4
	    	 Defense
	  	29
	 9.5
	    	 Exclusive Remedy
	  	29
	 9.6
	    	 Minimum and Maximum Indemnity Amounts
	  	29
	 9.7
	    	 Escrow
	  	29
		
	ARTICLE X - Termination	  	30
	 10.1
	    	 Termination
	  	30
	 10.2
	    	 Effect on Obligations
	  	31
	 10.3
	    	 Waiver
	  	31
	 10.4
	    	 Amendment or Supplement
	  	31
		
	ARTICLE XI - Miscellaneous	  	31
	 11.1
	    	 Survival
	  	31
	 11.2
	    	 Notices
	  	31
	 11.3
	    	 Complete Agreement
	  	32
	 11.4
	    	 Further Assurances
	  	32
	 11.5
	    	 Expenses
	  	33
	 11.6
	    	 Governing Law
	  	33
	 11.7
	    	 Binding Effect
	  	33
	 11.8
	    	 Severability
	  	33
	 11.9
	    	 Counterparts
	  	33
	 11.10
	    	 Captions
	  	33
	 11.11
	    	 Specific Performance
	  	33

  

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 SCHEDULES 
  

			
	Schedule 2.1	 	Accounts
	Schedule 2.2(a)(xi)	 	Fixtures, Furniture and Equipment
	Schedule 2.2(a)(xii)	 	Third Party Software Vendor Agreements and Assumed Contracts
	Schedule 2.3(b)(i)	 	Preliminary Closing Statement
	Schedule 2.3(b)(ii)	 	Closing Statement
	Schedule 3.3	 	Capitalization
	Schedule 3.4	 	No Conflict
	Schedule 3.5	 	Required Consents
	Schedule 3.6	 	Subsidiaries and Investments
	Schedule 3.7	 	Material Contracts
	Schedule 3.10	 	Certain Changes
	Schedule 3.11	 	Undisclosed Liabilities
	Schedule 3.12(a)	 	Liens
	Schedule 3.12(c)	 	Real and Personal Property
	Schedule 3.13(a)	 	Account and Loan Document Exceptions
	Schedule 3.13(b)	 	Collection Settlement Agreements
	Schedule 3.14	 	Insurance
	Schedule 3.15	 	Litigation and Compliance
	Schedule 3.17	 	Employment and Safety Matters
	Schedule 3.18	 	Intangible Rights
	Schedule 3.20	 	Labor Matters
	Schedule 3.21	 	Contracts with Affiliates
	Schedule 3A.3	 	No Conflict for Partners
	Schedule 3A.4	 	Required Consents for Partners
	Schedule 5.10	 	Eligible Employees

 EXHIBITS 
  

			
	Exhibit A	  	Form of Bill of Sale and Assignment and Assumption Agreement
	Exhibit B	  	Form of Escrow Agreement
	Exhibit C	  	Form of Trademark Assignment Agreement

 *All of the exhibits and schedules to this agreement set forth on the table of contents hereto have been omitted
pursuant to Item 601(b)(2) of Regulation S-K. SWS Group, Inc. agrees to furnish supplementally to the SEC, upon request, a copy of any omitted exhibit or schedule. 

 ASSET PURCHASE AGREEMENT 
 This ASSET PURCHASE AGREEMENT, dated as of February 16, 2006, is by and among Regional Acceptance Corporation, a North Carolina corporation
(“Buyer”), FSB Financial, Ltd., a Texas limited partnership (“Seller”), Southwest Securities, FSB, a federally chartered savings bank with a limited partnership interest in Seller (“SSB”), FSBF, LLC, a Texas limited
liability company with a general partnership interest in Seller (“FSBF”), and Steven Burke, an individual with a limited partnership interest in Seller (each of SSB, FSBF and Steven Burke are collectively referred to herein as the
“Partners”). 
 STATEMENT OF PURPOSE 
 Seller is engaged in the origination and purchasing of sub-prime automobile loans and automobile lending portfolios (the “Business”). Seller and the Partners desire to sell to Buyer, and Buyer desires to
purchase from Seller and the Partners all of Seller’s right, title and interest in and to certain loans and related personal property, and Buyer agrees to assume certain liabilities of Seller, upon the terms and conditions set forth herein.

 To accomplish such purposes and in consideration of the mutual representations, warranties, covenants, and agreements hereinafter set
forth, and for good and valuable consideration, both the receipt and legal sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 
 Definitions 
 1.1 Certain Definitions. For purposes of this Agreement, the following capitalized terms shall mean the following: 
 “Account” means each of the loan accounts from Seller’s loan portfolio that are identified on the closing tapes included in
Schedule 2.1 attached hereto, except for the Exclusion Accounts. 
 “Account Agreement” means the written agreement
between Seller and Obligor, as amended, which sets forth the terms and conditions for each Account. 
 “Account Application”
means the signed original application or conformed copy thereof whereby a Person applied for each Account. 
 “Accountholder” means any Obligor of an Account. 
 “Agreement” means this Asset Purchase
Agreement, together with all schedules, exhibits, supplements and documents that are attached hereto or incorporated herein by reference. 
 “AG Settlements” means the transactions contemplated by (i) the Agreement, dated September 12, 2005, by and between the Attorney General of the State of Iowa and Seller, and 

 (ii) the Agreement, dated September 14, 2005, by and between the Attorney General of the State of South Dakota and
Seller, each pertaining to the portfolio of loans Seller previously purchased from South Dakota Acceptance Corporation. 
 “Assets” means the assets to be acquired by Buyer as set forth in Section 2.2(a) of this Agreement. 
 “Bill of Sale and Assignment and Assumption Agreement” means the Bill of Sale and Assignment and Assumption Agreement between Buyer and Seller substantially in the form attached hereto as Exhibit A. 
 “Books and Records” means all books, records, manuals, documents, files, notes, materials and other information in paper, electronic or
other form in which they are maintained by Seller or its affiliates with respect to each Account, including the Account Agreement, monthly billing statements, any correspondence from or to the Accountholder(s), and any and all other documents or
other materials relating to such Account, together with, in some cases, an Account Application. 
 “Buying Guidelines” means
Section III(e), (f) and (g) of Seller’s Loan Policy. 
 “Cash” means all account balances held at any bank
accounts in Seller’s name. 
 “Closing Statement” means the statement, in the form set forth in Schedule
2.3(b)(ii) attached hereto, that sets forth the calculation of the Closing Date Net Worth. 
 “Cut-off Time” means
11:59:59 p.m., EDT, on the day prior to the Closing Date, by which time all file maintenance and Account servicing shall have been performed by Seller in accordance with past custom and practice for the business day immediately preceding the Closing
Date. 
 “Escrow Agent” means Branch Banking and Trust Company. 
 “Exclusion Accounts” are those Accounts, whether or not Seller or the respective Partners have knowledge, which as of the Cut-off Time
are accounts on which the Obligor’s name is on, or the Obligor resides in, or the Obligor is associated with, any governmental list of prohibited individuals, entities or countries (e.g., as promulgated pursuant to the USA Patriot Act of 2001).

 “File” means, with respect to each Account, all information, comments, documents and any correspondence from or to such
Account’s Obligor(s), including, without limitation, the Account Application, Account Agreement, statement fiche, billing dispute documents and collections documents. 
 “GAAP” means United States generally accepted accounting principles consistently applied. 
  

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 “Holdbacks” means the specific loan loss reserves resulting from negotiated prior
purchases and as set forth on Seller’s Financial Statements as of the Closing Date. 
 “Liens” means all liens,
encumbrances, security interests, mortgages, pledges, charges, conditional sales or other title retention agreements, preemptive rights, easements, covenants, licenses, options, rights of first refusal, title defects or claims of any kind
whatsoever. 
 “Neutral Accounting Firm” shall mean Deloitte & Touche, L.P. 
 “Obligor” means any Person obligated to make payments with respect to any Account, including any guarantor or co-obligor thereof.

 “Person” means an individual, a corporation, a partnership, a limited partnership, a limited liability company, a joint
venture, a trust, an unincorporated association or organization, a government body, agency or instrumentality, or any other entity. 
 “Preliminary Closing Statement” means the statement, in the form set forth in Schedule 2.3(b)(i) attached hereto, setting forth the calculation of the Estimated Closing Date Net Worth as defined in
Section 2.3(b)(i). 
 “Purchase Price” means the amount set forth in Section 2.3(a), as adjusted pursuant to
Section 2.3(b). 
 “Receivable” means any amount owing by an Obligor under any Account including, without limitation,
any amounts owing for the payment of goods and services, advances, fees, accrued and unpaid interest, accrued and unpaid finance charges, accrued and unpaid late charges and any other accrued and unpaid fee, expense or charge of every nature, kind
and description whatsoever, less any amount owed by Seller to the Obligor as a credit. 
 “Seller’s Policies and
Procedures” means Seller’s policies and normal, day-to-day operating procedures and practices in compliance with such policies, as existing as of the date of this Agreement. 
 “Tax” means any federal, state, local, or foreign income, gross receipts, license, payroll, employment, excise, severance, stamp,
occupation, premium, windfall profits, environmental, customs duties, capital stock, franchise, profits, withholding, social security (or similar), unemployment, disability, real property, personal property, sales, use, transfer, registration, value
added, alternative or add-on minimum, estimated, or other Tax of any kind whatsoever, including any interest, penalty, or addition thereto, whether disputed or not, and including any transferee or secondary liability in respect of any Tax (whether
imposed by law, contractual agreement or otherwise). 
 “Tax Returns” means all returns, statements, declarations, reports
and other documents required to be filed with respect to Taxes. 
 “Valuation Date” means the date that is four
(4) business days prior to the Closing Date. 
  

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 ARTICLE II 
 Purchase of Assets and Assumption of Liabilities 
 2.1 Schedule of Accounts. On the Valuation
Date, Seller shall deliver to Buyer a version of Schedule 2.1 (“Valuation Tape”) reflecting all Accounts as of 11:59:59 p.m. EDT on the day immediately prior to the Valuation Date. No later than five business days after the Closing
Date, Seller shall deliver to Buyer an updated version of Schedule 2.1 reflecting all Accounts as of the Cut-off Time (“Closing Tape”). Schedule 2.1 shall, with respect to each Account, completely and accurately set forth
the: (a) Account number; (b) Account balance; (c) date of the last payment; (d) amount of the last payment; (e) annual percentage rates applicable to each balance within the Account; (f) current delinquency of the
Receivables; (g) state wherein the Obligor resides; (h) state wherein the loan originated; (i) make and model of the automobile; (j) Obligor’s home address; (k) Obligor’s last name and first initial;
(l) origination date and/or purchase date; (m) original loan amount; (n) interest rate; (o) original amortized term; (p) Seller’s purchase price; (q) first lien amount; (r) documentation type; and
(s) first payment due date. Seller shall provide Buyer all versions of Schedule 2.1 in an electronic format. 
 2.2
Purchase of Assets. 
 (a) Assets. On the Closing Date and subject to the terms and conditions set forth herein,
Seller shall sell, assign, transfer and convey to Buyer, and Buyer shall purchase and receive from Seller, all of Seller’s right, title, and interest in and to substantially all of Seller’s assets, excluding the Cash, free and clear of any
and all Liens (collectively, the “Assets”), including, but not limited to: 
  

	 	(i)	all Accounts; 

  

	 	(ii)	all Receivables; 

  

	 	(iii)	all Account Agreements; 

  

	 	(iv)	all loan loss reserves calculated in accordance with GAAP and Holdbacks each as reflected on Seller’s Financial Statements as of the Closing Date; 

  

	 	(v)	all rights to receive payment for accrued but not yet billed fees, interest, and other charges on the Accounts, including deferred commitment fees; 

  

	 	(vi)	the pro-rata portion of any annual fee associated with the Accounts relating to any period following the Cut-off Time; 

  

	 	(vii)	all prepaid expenses; 

  

	 	(viii)	all Files and Books and Records; 

  

	 	(ix)	all closing tapes specified in this Agreement; 

  

	 	(x)	all rights and interests of Seller as tenant under the lease to occupy the real property located at 110 West Randol Mill Road, Arlington, Texas 76011 (the “Leased
Property”); 

  

 4 

	 	(xi)	all the removable fixtures, furniture and office equipment, communications equipment and computers included in Schedule 2.2(a)(xi), including agreed upon leasehold
improvements; 

  

	 	(xii)	all rights and interests of Seller as lessee and/or licensee under any lease and/or license agreements with third party software vendors each as listed in Schedule
2.2(a)(xii) and all rights and interests of Seller in each of the assumed contracts also listed in Schedule 2.2(a)(xii); and 

  

	 	(xiii)	all rights and interests of Seller in the “FSB Financial, Ltd.” trademark and/or trade name and any derivation thereof with such transfer to be evidenced by a Trademark
Assignment Agreement substantially in the form attached hereto as Exhibit C. 

 (b) Excluded
Assets. All assets of Seller not specifically listed or included in Section 2.2(a) hereof shall remain the assets of Seller (together with the Exclusion Accounts, the “Excluded Assets”). Without limitation, Seller shall retain all
right, title, and interest in and to all of the Excluded Assets. 
 2.3 Transaction Consideration. 
 (a) Purchase Price. The purchase price for the Assets shall consist of an amount of cash equal to the product of (i) 3.19579
(the “Factor”) multiplied by (ii) the Closing Date Net Worth (as defined below), as may be adjusted pursuant to Section 2.3(b) of this Agreement (the “Purchase Price”), of which ten percent (10%) of such Purchase
Price (the “Purchase Price Holdback”) will be retained until June 30, 2007 to secure the purchase price adjustments as provided in Sections 2.3(b) and 2.6 hereof and to secure Seller’s and the Partners’ indemnifications as
provided in Section 2.5 and Article IX of this Agreement. 
 (b) Payment of Purchase Price and Adjustments.

 (i) On the Valuation Date, Seller shall in good faith prepare and deliver to Buyer a Preliminary Closing Statement in the
form set forth in Schedule 2.3(b)(i), along with all supporting documentation used by Seller to prepare the Preliminary Closing Statement for Buyer’s review, setting forth the calculation of Seller’s estimated aggregate net worth as
of the Closing, determined on an accrual basis in accordance with GAAP (the “Estimated Closing Date Net Worth”), provided that, in no event shall the Estimated Closing Date Net Worth be less than Ten Million Five Hundred Thousand
Dollars ($10,500,000) (the “Target Closing Date Net Worth”). On the Closing Date, Buyer shall pay to Seller a dollar amount in cash (the “Closing Date Payment”) equal to (A) the product of (1) the Factor multiplied by
(2) the Estimated Closing Date Net Worth, minus (B) the Purchase Price Holdback (by wire transfer of immediately available funds to an account provided by Seller to Buyer two business days before the Closing Date). On the Closing
Date, Buyer also shall pay to the Escrow Agent the Purchase Price Holdback. The Purchase Price Holdback shall be held by the 
  

 5 

 Escrow Agent in an interest-bearing account subject to the terms of the escrow agreement (the
“Escrow Agreement”) to be dated as of the Closing Date among the Escrow Agent, Buyer, Seller and the respective Partners in the form attached hereto as Exhibit B. 
 (ii) No later than 30 days after the Closing Date, Buyer shall review the Accounts, Receivables, Files and Books and Records (the
“Post-Closing Review”) and prepare and deliver to Seller a Closing Statement in the form set forth in Schedule 2.3(b)(ii) attached hereto setting forth the calculation of Seller’s aggregate net worth as of the Cut-off Time
determined on an accrual basis in accordance with GAAP (the “Closing Date Net Worth”) and shall describe any adjustments to the Estimated Closing Date Net Worth as set forth in the Preliminary Closing Statement. 
 (iii) If within 10 days after Seller’s receipt of the Closing Statement, Buyer and Seller mutually agree on each line item in the
Closing Statement, then: 
 (A) if the Closing Date Net Worth shown on the Closing Statement is the same as the Estimated
Closing Date Net Worth shown on the Preliminary Closing Statement, then no adjustment to the Closing Date Payment shall be made; 
 (B) if the Closing Date Net Worth shown on the Closing Statement is less than the Estimated Closing Date Net Worth shown on the Preliminary Closing Statement (the “Closing Date Net Worth Deficiency”), the Closing Date Payment
shall be adjusted downward based on the product of (1) the Factor multiplied by (2) the Closing Date Net Worth Deficiency (the “Downward Adjustment”). Seller shall pay to Buyer the Downward Adjustment plus interest calculated at
the Federal Funds Rate from the Closing Date to the date such payment is made; or 
 (C) if the Closing Date Net Worth shown
on the Closing Statement is greater than the Estimated Closing Date Net Worth shown on the Preliminary Closing Statement (the “Estimated Closing Date Net Worth Deficiency”), the Closing Date Payment shall be adjusted upward based on the
product of (1) the Factor multiplied by (2) the Estimated Closing Date Net Worth Deficiency (the “Upward Adjustment”). Buyer shall pay to Seller the Upward Adjustment plus interest calculated at the Federal Funds Rate from the
Closing Date to the date such payment is made. 
 Any payment required under (B) or (C) of this paragraph shall be made no later
than two business days after Seller’s and Buyer’s mutual agreement on each line item in the Closing Statement and shall be made by wire transfer as instructed by the receiving party two business days prior thereto. 
  

 6 

 (iv) If within 10 days after Seller’s receipt of the Closing Statement, Buyer and
Seller do not mutually agree upon the correct amounts for each line item in the Closing Statement, then Seller shall, within such 10 day period, notify Buyer in writing of all line items still in dispute. Within five days after Seller’s
notice to Buyer that some line items remain in dispute, the parties shall refer such dispute to the Neutral Accounting Firm, which shall review the line items in dispute on the Closing Statement. The cost of such review and the preparation of the
Neutral Accounting Firm Closing Statement shall be borne by the party that the Neutral Accounting Firm determines is the non-prevailing party. The Neutral Accounting Firm Closing Statement prepared by the Neutral Accounting Firm shall be final,
conclusive and binding on the parties for matters covered thereby and a judgment may be entered thereon. The Neutral Accounting Firm Closing Statement shall be in a form substantially similar to the Closing Statement. Any adjustments to the Closing
Date Payment resulting from the Neutral Accounting Firm Closing Statement shall be calculated as described in Section 2.3(b)(iii). Any payment required under this paragraph shall be paid to the other party with interest calculated at the
Federal Funds Rate from the Closing Date to the date final payment is made, shall be made no later than two business days after finalization of the Neutral Accounting Firm Closing Statement and shall be made by wire transfer as instructed by the
receiving party two business days prior thereto. 
 (c) Allocation of Purchase Price. Seller and Buyer hereby agree to
allocate the Purchase Price and the Assumed Liabilities among the Assets in accordance with Section 1060 of the Tax Code and file or cause to be filed in a timely fashion any information that may be required pursuant to regulations promulgated
under the Tax Code. 
 2.4 Assumption of Liabilities. 
 (a) Buyer’s Assumed Liabilities. On the Closing Date, Buyer shall assume and, thereafter, discharge fully only the following
liabilities of Seller accrued after the Cut-off Time: (i) all of the obligations of Seller to the Accountholders under the Account Agreements; (ii) any expenses related to the Accounts and the activity thereon; (iii) all obligations
of Seller under the lease for the Leased Property; and (iv) all obligations of Seller under (A) the lease and/or license agreements with third party software vendors and (B) the assumed contracts, each as listed in Schedule
2.2(a)(xii) (collectively, the “Assumed Liabilities”). Except as provided in this Section 2.4(a), Buyer shall not assume any liability, indebtedness or obligation of any kind, character or description, whether known or unknown,
absolute or contingent, accrued or unaccrued, disputed or undisputed, liquidated or unliquidated, secured or unsecured, joint or several, due or to become due, vested or unvested, executory, determined, determinable or otherwise (collectively, the
“Excluded Liabilities”). 
  

 7 

 (b) Seller’s Expenses. Seller agrees that it shall be: (i) solely
responsible for any draft retrievals or incorrectly posted transactions that occur through the Cut-off Time and that relate to any Account; and (ii) solely responsible for all expenses related to the Accounts and activity thereon prior to the
Cut-off Time. 
 2.5 Seller’s Indemnity for Certain Accounts. In the event that any Account or Receivable purchased by Buyer
should not have been deemed an “Account” or a “Receivable”, respectively, as of the Cut-off Time, because such Account is an Exclusion Account, or such Receivable is an amount owed by an Obligor under an Exclusion Account, Seller
shall indemnify Buyer for the full amount of the applicable Account and/or the applicable Receivable, net of any amounts collected by Buyer thereunder. In such event, Seller shall pay Buyer, on demand, the amount of the Account and/or Receivable as
of the date demanded by Buyer. Buyer shall transfer to Seller such Account and/or Receivable and Seller shall assume from Buyer all liabilities related to such transferred Account and/or Receivable. Seller shall bear all costs and expenses
associated with such transfer. 
 2.6 Post-Closing Adjustments. Following the Closing, the parties shall, with each other’s
cooperation and assistance, promptly make any adjustments to the Closing Date Payment based on the following: 
 (a)
Unposted Items. Any items or transactions that affect the Closing Date Payment, but that were unposted or unaccounted for on or before the Cut-off Time, including without limitation, payments in process, unidentified or unlocated items, or
errors. 
 (b) Changes in Receivable Calculation or Misclassification of an Account. Misclassification of an Account or
changes to the Receivables calculation based on the receipt or discovery of information by Buyer or Seller prior to or after the Cut-off Time and any adjustments relating to: (i) a data error that occurred on or prior to the Cut-off Time; or
(ii) an event, act, or omission that resulted in the miscalculation of the Receivables as contemplated in this Agreement. 
 (c) Payments Received before and after the Cut-off Time. Seller shall be entitled to retain payments on Accounts from Accountholders received and posted to the Accounts by Seller prior to the Cut-off Time. All payments received by
Seller after the Cut-off Time relating to the Accounts or received prior to the Cut-off Time but not posted to the Account as of the Cut-off Time shall belong to Buyer and shall be handled in accordance with the requirements of this Agreement.

 2.7 Closing. The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place at
the offices of BB&T Corporation’s Legal Department, located at 200 West Second Street, Third Floor, Winston-Salem, North Carolina 27101, at 11:00 a.m. EDT on March 1, 2006 (the “Closing Date”), unless the parties hereto agree
in writing upon a different time, date or place. The effective time of the Closing shall be 12:01 a.m. EDT on the Closing Date (the “Effective Time”). The Closing shall not be deemed to have occurred until all actions necessary to complete
the Closing have occurred. 
  

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 ARTICLE III 
 Representations and Warranties of Seller 
 Seller represents and warrants to Buyer as follows:

 3.1 Organization and Good Standing. Seller is a limited partnership duly organized, validly existing and in good standing under the
laws of the State of Texas with full power and authority to own, lease and operate its properties and assets, and to carry on the Business as now conducted and as presently proposed to be conducted, and is duly qualified to do business in the states
of the United States where its ownership or leasing of property or the conduct of the Business requires such qualification. 
 3.2
Authority. Seller has all requisite power and authority to enter into and to perform all of its obligations under this Agreement. The execution, delivery and performance of this Agreement by Seller has been duly and validly authorized by all
necessary action. This Agreement constitutes the legal, valid and binding obligation of Seller, and is enforceable against Seller in accordance with its terms, subject to bankruptcy, insolvency, moratorium, reorganization, conservatorship,
receivership or similar laws affecting the rights of creditors. 
 3.3 Capitalization. All issued and outstanding partnership
interests of Seller are owned of record and beneficially as described in Schedule 3.3. No other partnership interests of Seller are issued and outstanding. 
 3.4 No Conflict. Except as provided in Schedule 3.4, neither the execution and delivery by Seller of this Agreement, nor the performance of any other obligation of Seller under this Agreement, conflicts
with, will result in the breach of, or constitutes a default under, the terms of any of Seller’s organizational documents, any Material Contract (as defined in Section 3.7), any indenture or other instrument or agreement to which Seller is
a party or by which any of the assets of Seller may be bound or affected, or any statute, ordinance, judgment, order, decree, regulation or rule of any court or governmental body affecting or relating to Seller or its assets, or will result in the
creation of any Lien upon any assets of Seller. 
 3.5 Required Consents. Schedule 3.5 describes each notice to, each consent,
waiver, approval, or authorization from, and each registration or filing with, any federal, state or local judicial or governmental authority or agency or any other third party (collectively, the “Required Consents”) that is required in
order (a) for Seller to execute, deliver and perform this Agreement or to consummate the transactions contemplated hereby or (b) for Seller to maintain in full force and effect, upon the consummation of the transactions contemplated
hereby, the Material Contracts (as defined in Section 3.7) and the approvals, authorizations, consents, licenses, orders, permits, Intangible Rights (as defined in Section 3.18) and other rights of Seller existing and in effect immediately
prior to the Closing. 
 3.6 Subsidiaries and Investments. Except as provided in Schedule 3.6, Seller has no subsidiary or
direct or indirect interest in any partnership, joint venture, corporation, or other business. 
  

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 3.7 Material Contracts. Schedule 3.7 sets forth a true, complete and correct list of all
Material Contracts. For the purpose of this Agreement, a “Material Contract” means all Account Agreements as listed in Schedule 2.1, the lease for the Leased Property, the lease and/or license agreements between Seller and third
party software vendors and the assumed contracts each as listed in Schedule 2.2(a)(xii), and any other written or oral contract, agreement, undertaking or commitment relating to the Assets with or to any person or entity whatsoever of a
current value, or calling for any payments, exceeding $10,000 in any calendar year. Except as set forth in Schedule 3.7, all of the Material Contracts are valid and in full force and effect, and there are no existing or, to the knowledge of
Seller, claimed defaults by any party thereunder and no event, act or omission has occurred which (with or without notice, lapse of time or the happening or occurrence of any other event) would result in a default under any Material Contract.

 3.8 Account Applications and Agreements. Seller has previously provided to Buyer a form of all of the Account Applications and of
all of the Account Agreements pursuant to which all Accounts are governed. The terms of such Account Applications and Account Agreements have not been impaired, waived, altered, or modified in any respect except by (i) written instruments
contained in the Books and Records or (ii) pursuant to the AG Settlements. All Account Agreements and Accounts, including the Receivables, are freely assignable by Seller, do not require the approval or consent of any Accountholder or any other
Person to effectuate the valid assignment of the same in favor of Buyer, and are subject to federal law and contain choice of law provisions purporting to select the laws of the states identified on the closing tapes. Seller is in full compliance
with all the terms and conditions in the Account Agreements and has performed all of its duties thereunder. Except as recorded in the Books and Records or reflected on the Financial Statements (as defined below), to Seller’s knowledge there
exists or is threatened no default, breach, or other event which, with the passage of time or the giving of notice, or both, would constitute a default or breach under any Account Agreement. 
 3.9 Financial Statements. Seller has previously delivered to Buyer, or will prior to Closing deliver to Buyer, true and complete copies of:
(i) its balance sheets and income statements as of and for the periods ended June 30, 2005, 2004 and 2003, and the related statements of operations, stockholders’ equity and cash flows for the fiscal years then ended, including the
footnotes thereto, if any, additional or supplemental information supplied therewith and the report prepared in connection therewith by the independent certified public accountants compiling such financial statements; and (ii) its interim
financial reports for the periods ended September 30, 2005 and December 31, 2005 (collectively, the “Financial Statements”). To the knowledge of Seller, the Financial Statements: 
 (a) are true, complete and correct in all material respects; 
 (b) are in accordance with the books and records of Seller; 
 (c) present fairly and accurately the assets, liabilities, revenues, expenses and financial condition of Seller as of the dates thereof,
and the results of operations for the periods then ending, each in all material respects; 
  

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 (d) are prepared on a consistent basis throughout the periods involved; and 

(e) have been prepared in accordance with GAAP. 
 3.10 Absence of Certain Changes. Except as described in Schedule 3.10, since June 30, 2005 Seller has conducted its operations and business only in the ordinary course, has in all material respects
complied with Seller’s Policies and Procedures, including, without limitation, purchasing in accordance with the applicable Buying Guidelines, origination, charge-off, delinquency grading, re-aging/re-writing and collection procedures, and has
not: 
  

	 	(a)	Suffered any damage, destruction or loss to any material asset, whether or not covered by insurance; 

  

	 	(b)	Sold, transferred, distributed or otherwise disposed of any material asset; 

  

	 	(c)	Made or entered into any general wage or salary increase for its employees as a group; 

  

	 	(d)	Amended or terminated any material contract, lease, license or commitment; 

  

	 	(e)	Incurred any material obligation or liability (whether absolute, accrued, contingent or otherwise and whether due or to become due) except normal trade payables incurred in the
ordinary course of business; 

  

	 	(f)	Introduced any new method of management, operations or accounting; 

  

	 	(g)	Defaulted or otherwise failed to perform any of its material obligations under any Account Agreement; 

  

	 	(h)	Incurred any material liability due or payable following the Closing to any employee or former employee for severance benefits; 

  

	 	(i)	Suffered any material adverse change in the condition (financial or otherwise), results of operations or business, or any other event or condition of any character that might
reasonably be expected to have a material adverse effect on its operations or its assets, or has had or could reasonably be expected to have any effect that would, individually or in the aggregate, materially impair, hinder or otherwise adversely
affect the ability of Seller to effect the Closing, or to perform any of its material obligations under this Agreement; or 

  

	 	(j)	Agreed, whether in writing or otherwise, to take any action described in this Section 3.10 other than pursuant to this Agreement. 

  

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 3.11 Undisclosed Liabilities. Seller does not have any indebtedness, liabilities or obligations of
any nature, whether absolute, accrued, contingent or otherwise, other than those reflected in the Financial Statements (and in the actual amounts so reflected), and those described in Schedule 3.11. 
 3.12 Title to and Sufficiency of Assets  
 (a) Seller has good and marketable title to all of its properties and assets (real, personal and mixed, tangible and intangible), free and clear of Liens, except as set forth in Schedule 3.12(a). Except as
listed in Schedule 3.12(a), the properties and assets owned or leased by Seller constitute all the assets necessary to operate the business as now conducted by Seller, and such assets are located within the State of Texas. All of the physical
assets currently used in Seller’s operations are in good operational condition and repair, normal wear and tear excepted. 
 (b) The leases for all assets, real and personal, leased by Seller are valid and in full force and effect; no default or event of default, or event which, with the giving of notice or passage of time or both would constitute a default or
event of default, caused by or on the part of Seller under any of such leases has occurred and is continuing; and none of such leases is terminable as a result of the transactions contemplated by this Agreement. As to any of such leases, to the
knowledge of Seller, no default or event of default, or event which, with the giving of notice or passage of time or both, would constitute a default or event of default caused by or on the part of any party other than Seller has occurred or is
continuing. Seller has previously furnished to Buyer true, correct and complete copies of all such leases, which have not been amended or modified as of the date hereof. 
 (c) Schedule 3.12(c) sets forth a true, correct and complete list and summary description of all real property, interests in
real property and tangible personal property (including, without limitation, machinery, equipment and inventory) owned or leased by Seller, indicating whether such property is owned or leased or otherwise used in connection with the business of
Seller, the location of such property and, in the case of leased property, the commencement date, expiration date and annual rental payable under the lease. 
 3.13 Accounts and Loan Documents. 
 (a) Except as disclosed in Schedule
3.13(a), each Account (i) if originated by Seller, has been made in accordance with applicable origination standards of Seller, (ii) if purchased by Seller, was purchased in accordance with Seller’s Buying Guidelines,
(iii) is evidenced by note(s), agreement(s) or such other contract(s) and document(s) as required by the applicable Credit Approval Terms (as defined below) that are true, genuine and what they purport to be (the “Loan Documents”),
(iv) originals or imaged copies of such Loan Documents are in the possession of Seller (or its agents), (v) all parties to such Loan Documents had legal capacity to execute the Loan Documents and each Loan Document has been duly and
properly executed by such parties, (vi) has been 
  

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 secured by valid Liens on and security interests in assets as required by the applicable Credit Approval
Terms or Buying Guidelines and such Liens and security interests have been perfected and have first priority unless the applicable Credit Approval Terms or Buying Guidelines state a lesser priority or the Obligor has granted a later purchase money
security interest that by operation of law is superior to the Lien and the security interest securing such Account, (vii) is a legal, valid and binding obligation of the Obligor named therein and the Account and its respective Loan Documents
are enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent conveyance and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles, (viii) is not
subject to any rights of rescission, set-off, counterclaim or defense, including the defense of usury, nor will the operation of any of the terms of the Loan Documents, or the exercise of any right thereunder, render the Loan Documents unenforceable
by the Seller or Buyer, in whole or in part, or subject to any right of rescission, set-off, counterclaim or defense, including the defense of usury, and no such right of rescission, set-off, counterclaim or defense has been asserted with respect
thereto, and (ix) in the manner and to the extent required by the applicable Credit Approval Terms or Buying Guidelines, Seller has requested that an Obligor name Seller as loss payee under insurance policies insuring the collateral pursuant to
the Account Agreements. There is a valid and properly documented board approval form in place for each portfolio purchased consistent with Seller’s Policies and Procedures (the “Credit Approval Terms”), and any security or waiver
relating to such portfolio complies in all material respects with the Credit Approval Terms granted in connection therewith. 
 (b) Each Account has fulfilled any conditions set forth in the applicable Account Agreement required to make such Account subject to the Account Agreement. No Account is currently securitized. Each Account is payable in United States
dollars. Except as listed in Schedule 3.13(b), no Accounts are participating in a collection settlement agreement or have a balance that is the result of a collection settlement agreement between the Obligor and Seller. All of the interest
rates, fees, costs, expenses, penalties, and all other charges of every nature, kind and description whatsoever charged to or levied against the Accounts by Seller will be reflected on Schedule 2.1 when delivered on the Valuation Date.

 (c) The allowance for loan losses and Holdbacks reflected on the Financial Statements are adequate in all material respects
as of the Closing Date. 
 (d) Seller has complied in all material respects with all legal and regulatory requirements
pertaining to the subject matter of this Agreement, including, without limitation, the Equal Credit Opportunity Act and Regulation B, the Fair Credit Reporting Act, the Truth in Lending Act and Regulation Z, the Fair Debt Collection Practices Act as
applicable to Seller, applicable state consumer credit and usury codes and laws, and applicable state licensing laws. In addition, any Loan Document that is subject to any prepayment penalty or late fee provisions fully complies with all applicable
federal, state and local laws, regulations and requirements and is fully enforceable by Buyer against each Obligor. 
  

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 (e) (i) Seller has complied with all applicable anti-money laundering laws and
regulations, including, without limitation, the USA Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”); (ii) Seller has established an anti-money laundering compliance program as required by the Anti-Money Laundering
Laws; (iii) Seller has conducted the requisite due diligence in connection with the origination of each Account for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Obligor and the origin of
the assets used by said Obligor to purchase the property in question; and (iv) Seller maintains, and will maintain until the Closing, sufficient information to identify the applicable Obligor for the purposes of the Anti-Money Laundering Laws.

 3.14 Insurance. Schedule 3.14 contains a true, correct and complete list of all policies of fire and casualty,
property, product and other liability, workers’ compensation, fraud and other forms of insurance maintained by or with respect to Seller, the Business, and/or Seller’s assets and properties. All premiums due and payable under such policies
have been paid, subject to no readjustment of any nature whatsoever; all such policies are in full force and effect in accordance with their respective terms; and such policies are sufficient for compliance with all requirements of law and
agreements by which Seller or its assets are bound, affected or subject. Except for amounts deductible under policies of insurance and as described in Schedule 3.14, Seller is not subject to liability as a self-insurer. Except as set
forth in Schedule 3.14, there are no claims pending or threatened under any of such policies and there are no disputes between Seller and any of the underwriters of said policies. 
 3.15 Litigation and Compliance. Except as set forth in Schedule 3.15, there are no actions, suits, claims, proceedings or governmental
or administrative investigations pending or, to the knowledge of Seller, threatened against Seller or any of its assets. Seller and its personnel have complied with and are not in default or violation under any applicable law, ordinance,
requirement, regulation, policy, guideline, decree or order affecting Seller or its personnel. Seller has not received any notice of any claimed default or violation with respect to any such law, ordinance, requirement, regulation, policy,
guideline, decree or order that has not been cured or favorably resolved. Seller is not subject to any judgments, orders or decrees entered in any action or proceeding which have or may have a material adverse effect upon Seller or its assets.
Seller has duly filed all reports and returns required to be filed by it with governmental authorities. To the knowledge of Seller, Seller has no potential or existing liability to any third party or to any governmental, regulatory or administrative
authority, body or entity for any material Loss (as defined in Section 9.2 of this Agreement) related to the auto loans purchased from South Dakota Acceptance Corporation (“SD Acceptance”) as originated by the Dan Nelson Automotive
Group (“Nelson Automotive”) pursuant to that certain Master Sale and Purchase Agreement dated September 2004 between Seller and SD Acceptance and guaranteed by Nelson Automotive. 
 3.16 Tax Matters. Seller has duly filed all Tax Returns required to be filed by it on or prior to the date hereof. All such Tax Returns were
correct and complete in all material respects. All Taxes owed by Seller that in any way relate to the Assets (whether or not shown on any Tax Return) have been timely paid, or provisions for the payment of all Taxes have been made and are included
in the Financial Statements. There are no Liens for Taxes upon any of 
  

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 the Assets nor, to the knowledge of Seller and the respective Partners, is any taxing authority in the process of
imposing any Lien for Taxes upon any of the Assets, except for Liens for Taxes not yet due and payable. 
 3.17 Environmental and Safety
Matters. Except as set forth in Schedule 3.17, to the knowledge of Seller, the Business and operations of Seller have been conducted and are now being conducted in compliance with all laws, whether federal, state or local, generally
relating to the protection of health, safety or the environment (“Environmental and Safety Laws”), and there are no environmental or safety conditions on any real property used by Seller that could reasonably be expected to give rise to
any cleanup obligations under any Environmental and Safety Laws. Seller has not received any written notification of any violation of Environmental and Safety Laws. 
 3.18 Intangible Rights. Seller owns or possesses the rights to use the patents, trademarks, service marks, trade names, brands, copyrights, licenses and designs, and all rights and applications with respect to
the foregoing listed in Schedule 3.18 (“Intangible Rights”), and the Intangible Rights so listed are all that are required for the conduct of the business of Seller as now being conducted. There are no assignments, licenses or
sublicenses with respect to any of the Intangible Rights, except as set forth in Schedule 3.18. There are no pending or, to the knowledge of Seller, threatened claims by any person to the use of any of the Intangible Rights and, to the
knowledge of Seller, none of the Intangible Rights infringes materially on the rights of any person and no valid basis exists for any such claim. Schedule 3.18 sets forth a true and correct list of all corporate, partnership and trade names
under which Seller has at any time conducted its businesses. Except as listed in Schedule 3.18, in connection with the Assets, Seller uses no trade names, trademarks, service marks, logos, Internet domain names, or other intellectual property
rights owned by third parties, and warrants Buyer against any infringement claims arising from any intellectual property as may be used presently and during conversion of the Accounts from Seller to Buyer. 
 3.19 Employees and Compensation. Seller has previously given to Buyer a complete and correct list of the name, age, position, rate of compensation
and any incentive compensation arrangements, bonuses or commissions or fringe or other benefits, whether payable in cash or in kind, of each current employee, nonemployee director, leased employee, independent contractor, consultant and agent of
Seller and each other person (other than an employee), to whom Seller pays or provides, or has an obligation, agreement (written or unwritten), policy or practice of paying or providing, retirement, health, welfare or other benefits of any kind or
description whatsoever. 
 3.20 Labor Matters. Except as set forth in Schedule 3.20, Seller is in compliance with all federal,
state and local laws affecting employment and employment practices, including terms and conditions of employment, wages and hours, and is not engaged in any unfair labor practice. All pending and, to the knowledge of Seller and the respective
Partners, threatened worker’s compensation claims against Seller are adequately covered by insurance. 
  

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 3.21 Contracts with Affiliates and Certain Payments. Except as set forth in Schedule 3.21,
none of the Material Contracts to which Seller has been a party during the past three years: 
 (a) involves as a party (i) any officer, director or
partnership interest holder of Seller, (ii) a relative (by blood or marriage) of any of the persons referred to in (i), or (iii) any entity that any person or entity referred to in (i) or (ii) controls or in which any such person
or entity has a substantial interest, direct or indirect, or is a director, officer, partner or trustee; or (b) requires or required or is or was contingent upon the payment by or on behalf of Seller of commissions or compensation to any person
not a party to such agreement, document or instrument. 
 3.22 Books and Records. The Books and Records, including the Files, are true
and complete in all material respects and all information relating to the credit, charges, fees, payment history, customer inquiries, regulatory correspondence relating to the Accounts and other relevant information relating to the Accounts is
contained therein. 
 3.23 Accuracy of Information. All representations, warranties and certifications contained in this Agreement or
in any document, exhibit, schedule or certificate furnished or to be furnished pursuant hereto or in connection herewith are true, correct and complete in all material respects and do not contain any statement that is false or misleading with
respect to a fact, and do not omit to state a fact necessary in order to make the statements herein and therein not false or misleading in any material respects. Seller has not failed to disclose to Buyer any facts that would have a substantial
adverse effect on the assets, liabilities, operations, financial condition, business and prospects of Seller taken as a whole. 
 3.24 No
Brokers. No third-party finder, broker, agent or other intermediary has acted for or on behalf of Seller in connection with the negotiation or consummation of this Agreement, and there are no claims for any brokerage commission, finder’s
fee or similar payment due from Seller. 
 3.25 Receivables. All Receivables reflected on the Financial Statements (less any such
Receivables collected since the date thereof) and all Receivables presently owing and to be owing at the Effective Time are, and at the Closing Date will be, legal, valid and binding obligations, and subject only to consistently recorded reserves
for bad debts established as of a date prior to the Closing Date in a manner consistent with past practice. All such Receivables have been, or will be, collected or are, or will be, collectible in the aggregate recorded amounts thereof. All
Receivables were created or purchased in the ordinary course of business of Seller. There are no set-offs, counterclaims or disputes asserted with respect to any Receivable, and no discount or allowance from any Receivable has been made or agreed to
other than pursuant to the AG Settlements. The amount of the reserve to be established for doubtful or uncollected accounts as described above is consistent in amount with the historical experience of Seller. 
 3.26 Licenses and Permits. Seller represents and warrants that it currently has and maintains all licenses, permits and registrations required
under all applicable federal, state or local statutes, rules or regulations and has duly filed all reports, returns, registrations, notices, statements or other documentation required to be filed thereby with any governmental authorities and/or
regulatory or self-regulatory entities relating thereto in connection with the Business. 
  

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 ARTICLE IIIA 
 Representations and Warranties of the Partners 
 The respective Partners, individually, and not
jointly, represent and warrant to Buyer as follows: 
 3A.1 Organization and Good Standing. Each of SSB and FSBF is duly organized,
validly existing and in good standing under the laws of the State of Texas with full power and authority to own, lease and operate its properties and assets, and to carry on the Business as now conducted and as presently proposed to be conducted,
and is duly qualified to do business in the states of the United States where its ownership or leasing of property or the conduct of the Business requires such qualification. 
 3A.2 Authority. Each Partner has all requisite corporate power and authority to enter into and to perform all of their obligations under this
Agreement. The execution, delivery and performance of this Agreement by the respective Partners has been duly and validly authorized by all necessary action. This Agreement constitutes the legal, valid and binding obligation of the respective
Partners, and is enforceable against the respective Partners in accordance with its terms, subject to bankruptcy, insolvency, moratorium, reorganization, conservatorship, receivership or similar laws affecting the rights of creditors. 
 3A.3 No Conflict. Except as provided in Schedule 3A.3, neither the execution and delivery by the respective Partners of this Agreement, nor
the performance of any other obligation of the respective Partners under this Agreement, conflicts with, will result in the breach of, or constitutes a default under, the terms of any of the organizational documents for the respective Partners, any
material agreement, contract, or obligation, any indenture or other instrument or agreement to which the respective Partners is a party. 
 3A.4 Required Consents. Schedule 3A.4 describes each notice to, each consent, waiver, approval, or authorization from, and each registration or filing with, any federal, state or local judicial or governmental authority or
agency or any other third party (collectively, the “Required Consents for Partners”) that is required in order (a) for the respective Partners to execute, deliver and perform this Agreement or to consummate the transactions
contemplated hereby or (b) for the respective Partners to maintain in full force and effect, upon the consummation of the transactions contemplated hereby, the Material Contracts (as defined in Section 3.7) to which the respective Partners
is a party, and the approvals, authorizations, consents, licenses, orders, permits, Intangible Rights (as defined in Section 3.18) and other rights of the respective Partners existing and in effect immediately prior to the Closing. 

3A.5 Seller’s Representations and Warranties. To the knowledge of the respective Partners, each of the representations and warranties made
by Seller in Article III hereof is true and correct in all material respects, and the respective Partners know of no fact, event or incident, the occurrence of which would cause the representations made in Article III hereof to be false in any
material respects. 
  

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 ARTICLE IV 
 Representations and Warranties of Buyer 
 Buyer hereby represents and warrants to Seller and the
Partners as follows: 
 4.1 Organization, Standing and Authority of Buyer. Buyer is a corporation duly organized, validly existing and
in good standing under the laws of the state of North Carolina, with full corporate power and authority to own lease and operate its properties and assets and to carry on its business as now conducted, and is duly qualified to do business in the
states of the United States where its ownership or leasing of property or the conduct of its business requires such qualification and where failure to qualify would have a material adverse effect on the financial condition, results of operations, or
business of Buyer on a consolidated basis. 
 4.2 Authorized and Effective Agreement. 
 (a) Buyer has all requisite corporate power and authority to enter into and perform all of its respective obligations under this
Agreement. The execution, delivery and performance of this Agreement have been duly and validly authorized by all necessary corporate action on the part of Buyer. This Agreement constitutes the legal, valid and binding obligation of Buyer, and is
enforceable against it in accordance with its terms subject to bankruptcy, insolvency, moratorium, reorganization, conservatorship, receivership or similar laws in effect from time to time relating to or affecting the enforcement of the rights of
creditors. 
 (b) Neither the execution and delivery by Buyer of this Agreement, nor the performance of any other obligation
of Buyer under this Agreement, conflicts with, will result in the breach of, or constitutes a default under, the terms of its Articles of Incorporation or Bylaws, any indenture or other instrument or agreement to which it is a party or by which any
of its assets may be bound or affected, or any statute, ordinance, judgment, order, decree, regulation or rule of any court or governmental body affecting or relating to its assets, or will result in the creation of any lien upon any of its assets.

 ARTICLE V 
 Covenants

 5.1 Additional Acts. 
 (a) Seller and the respective Partners agree to approve, execute and deliver any amendment to this Agreement and any additional plans and agreements reasonably requested by Buyer to modify the structure of, or to
substitute parties to, the transactions contemplated hereby, provided that such modifications or substitutions do not adversely affect the economic benefits of such transactions to the Seller, do not materially increase the Partners’ or
Seller’s obligations and do not abrogate the covenants and other agreements contained in this Agreement. 
  

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 (b) As promptly as practicable after the date hereof, Buyer shall submit notice or
applications for prior approval of the transactions contemplated herein to any federal, state or local government agency, department or body to which notice is required or from which approval is required for consummation of the transactions
contemplated hereby. 
 5.2 Best Efforts. Buyer, Seller and the respective Partners shall use their best efforts in good faith to
(i) furnish such information as may be required in connection with, and otherwise cooperate in, the preparation and filing of the documents referred to in Section 5.1 and elsewhere herein, and (ii) take or cause to be taken all action
necessary or desirable on its part to fulfill the conditions in Article VI and Article VII and to consummate the transactions herein contemplated at the earliest practicable date. Neither Buyer, Seller nor the respective Partners shall take, or
cause, or to the best of its ability permit to be taken, any action that would substantially delay or impair the prospects of completing the transactions contemplated by this Agreement. 
 5.3 Access to Information. Seller will keep Buyer advised of all material developments relevant to the Business and the Assets and to the
consummation of the transactions contemplated by this Agreement. Upon reasonable notice, Seller shall afford to representatives of Buyer reasonable access, during the period prior to the Effective Time (and during normal business hours), to all its
properties, Accounts, Account Agreements, Material Contracts, Books and Records, Files, contracts and commitments, and, during such period, shall make available to representatives of Buyer all information concerning the Business and the Assets as
Buyer may reasonably request. No investigation pursuant to this Section 5.3 or otherwise in this Agreement shall affect or be deemed to modify any representation or warranty made by Seller, or the conditions to any of their obligations
hereunder. 
 5.4 Press Releases. Buyer, Seller and the respective Partners shall agree with each other as to the form and substance
of any press release related to this Agreement or the transactions contemplated hereby and thereby, and consult with each other as to the form and substance of other public disclosures related thereto; provided, that nothing contained herein shall
prohibit either party, following notification to the other party, from making any disclosure that in the opinion of its counsel is required by law. 
 5.5 Conduct of Business. Prior to the Closing, and except as otherwise consented to or approved by Buyer in writing, Seller covenants and agrees that Seller shall operate the Business only in the ordinary course and consistent with
past practice, shall continue to own, maintain and service the Accounts in substantially the same manner as it has heretofore done, shall maintain in full force and effect all insurance currently maintained by the Seller and shall use commercially
reasonable efforts to preserve the properties, business and relationships with customers of the Business and its employees, and shall not undertake any of the following with respect to the Business: 
 (a) amend or modify any Material Contracts except in the ordinary course of business consistent with past practices; 
  

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 (b) terminate or enter into any Material Contracts except in the ordinary course of
business; 
 (c) re-age or re-write any of the Accounts and/or Receivables except in the ordinary course of business;

 (d) sell, assign, lease or otherwise transfer, acquire or dispose of any of the Assets; 
 (e) communicate with any Accountholder or other users of the Accounts, except in the ordinary course of business in accordance with past
practice and custom; 
 (f) communicate with any Accountholder or other users of the Accounts in a manner that identifies
Buyer or any of its affiliates; 
 (g) market or solicit, via telemarketing, direct mail, direct promotions, or the internet,
to any Accountholders any reduced rate offer except in the ordinary course of business; 
 (h) impose or permit imposition of
any material Lien, charge or encumbrance on any of the Assets, or permit any such Lien, charge or encumbrance to exist except in the ordinary course of business consistent with past practices; 
 (i) enter into any lease of real or personal property or any renewals thereof; 
 (j) merge with any other entity or permit any other entity to merge into it, or consolidate with any other entity; acquire control over
any other entity; liquidate, sell or otherwise dispose of any assets or acquire any assets, other than in the ordinary course of business; or waive or release any material right or cancel or compromise any debt or claim, other than in the ordinary
course of business; 
 (k) fail to comply with any laws, regulations, ordinances or governmental actions applicable to it and
to the conduct of its business; 
 (l) increase the rate of compensation of any of its directors, officers or employees, or
pay or agree to pay any bonus to, or provide any other employee benefit or incentive to, any directors, officers or employees, except in the ordinary course of business consistent with past practices; 
 (m) solicit or encourage inquiries or proposals with respect to, furnish any information relating to, or participate in any negotiations
or discussions concerning, any acquisition or purchase of all or a portion of the assets of, or an equity interest in, Seller, or any business combination with Seller other than as contemplated by this Agreement; 
 (n) enter into (i) any material agreement, arrangement or commitment not made in the ordinary course of business, including, without
limitation, agreements or memoranda of understanding with regulatory authorities, (ii) any agreement, indenture or other instrument relating to the borrowing of money by Seller or guarantee by Seller of 
  

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 any obligation, or (iii) any agreement, arrangement or commitment relating to the employment or
severance of a consultant or the employment, severance, election or retention in office of any present or former director, officer or employee; 
 (o) change its investment or asset liability management policies in any material respect, except as may be required by applicable law, regulation or directive; 
 (p) change its methods of accounting, except as required by changes in GAAP; 
 (q) incur any capital expenditures or obligation to make capital expenditures in excess of $5,000 for any one expenditure or $25,000 in
the aggregate; 
 (r) default or fail to perform any of its material obligations under any Account Agreement; 
 (s) take any action which would or might be expected to (i) result in any representation or warranty herein to be untrue in any
material respect, or (ii) cause any of the conditions precedent to the transactions contemplated by this Agreement to fail to be satisfied; or 
 (t) agree to do any of the foregoing. 
 Nothing in this Agreement shall diminish Seller’s sole title to the Business or
shall be construed to limit Seller’s discretion to operate the Business in the ordinary course consistent with past practice, or shall give Buyer any ownership rights to the Assets before the Closing Date. 
 5.6 Affirmative Covenants of Seller. 
 (a) Following the date hereof, authorized representatives of Buyer shall have reasonable access during normal business hours to all Assets and Books and Records. Such access shall be arranged with reasonable advance
notification through Seller’s representative, the identity of which shall be notified to Buyer in writing from time to time, and shall be coordinated in such a manner so as not to unreasonably interfere with Seller’s business. 

(b) On the Closing Date, Seller shall deliver all of the Files to Buyer. 
 (c) Prior to the Closing Date, Seller agrees to use commercially reasonable efforts to clear any suspense account entries relating to
payments for the Accounts. 
 (d) In order to comply with the requirements of the Fair Credit Reporting Act, Seller agrees to
provide Buyer (prior to the Closing Date and on a closing tape formatted the same way the other closing tapes are formatted) with the date on which each Account that is reported to a credit reporting agency as being delinquent as of the Closing Date
first became delinquent. 
  

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 5.7 Intentionally Omitted. 
 5.8 Confidentiality. In recognition of the confidential nature of certain of the information that will be provided by one or more parties to other
parties hereunder, Buyer, Seller and the respective Partners agree to retain in confidence, and to require its directors, officers, employees, consultants, professional representatives and agents (collectively, its “Representatives”) to
retain in confidence, all information transmitted or disclosed to such party by the other, and further agree that the party will not use for the party’s own benefit and will not use or disclose to any third party, or permit the use or
disclosure to any third party of, any information obtained from or revealed by another party, except Buyer, Seller or the respective Partners may disclose the information to those of its Representatives who need the information for the proper
performance of their assigned duties with respect to the consummation of the transactions contemplated hereby. In making such information available to such party’s Representatives, Buyer, Seller and the respective Partners shall take any and
all precautions necessary to ensure that its Representatives use the information only as permitted hereby. Notwithstanding anything to the contrary in the foregoing provisions, such information may be disclosed (a) where it is necessary to any
regulatory authorities or governmental agencies, (b) if it is required by court order or decree or applicable law, (c) if it is ascertainable or obtained from public or published information, or (d) if it is received from a third
party not known to the recipient to be under an obligation to keep such information confidential. If any party shall be required to make disclosure of any such information by operation of law, such disclosing party shall give the other parties prior
notice of the making of such disclosure and shall use all reasonable efforts to afford such other party an opportunity to contest the making of such disclosure. In the event that the Closing shall not occur, each of Buyer and Seller shall upon
request immediately deliver, or cause to be delivered, to the appropriate party (without retaining any copies thereof) any and all documents, statements or other written information obtained from such party that contain information required to be
kept confidential pursuant to this Section 5.8. 
 5.9 Taxes. 
 (a) Each party shall provide the other party and its designees with such assistance as may reasonably be requested by the other party or
any such designee in connection with the preparation of any Tax Return, audit or judicial or administrative proceeding or determination relating to Taxes with respect to the Assets for periods prior to the Closing (in the case of Seller) and
following the Closing (in the case of Buyer), including, without limitation, access to the books and records that relate to the Assets, and the assistance of the officers and employees of such other party. 
 (b) All stamp, transfer, excise, documentary, sales, use, registration and other such taxes and fees (including any penalties and
interest) incurred in connection with this Agreement and the transactions contemplated hereby (collectively, the “Transfer Taxes”) shall be paid by Seller. Seller shall properly file on a timely basis all necessary Tax Returns and other
documentation with respect to any Transfer Tax and provide to Buyer evidence of filing and payment of all Transfer Taxes. 
  

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 5.10 Employees. 
 (a) The parties hereto intend that there will be continuity of employment with respect to all Eligible Employees who become Transferred
Employees. Accordingly, all the employees and leased employees of Seller as of the Closing Date, including, without limitation, those named in Schedule 5.10 (the “Eligible Employees”), shall (subject to the provisions of
Section 5.10(e)) either be automatically transferred to and employed by Buyer (where applicable law provides for an automatic transfer of employees upon the transfer of assets), or Buyer shall offer employment to all of the Eligible Employees,
which employment shall commence as of the Closing Date; provided, however, Buyer shall not have any obligation arising from this Agreement to continue any Eligible Employee in its employ or in any specific job or to provide to any
Eligible Employee any specified level of compensation or any incentive payments, benefits or perquisites. Each Eligible Employee who is terminated by Buyer subsequent to the Effective Time, excluding any employee who has a then existing contract
providing for severance in lieu of severance plan benefits, shall be entitled to severance pay in accordance with the general severance policy of Buyer as then in effect, if and to the extent that such Eligible Employee is entitled to severance pay
and benefits under the applicable policy. Each Eligible Employee’s severance pay and benefits, if any, under the applicable severance policy, shall be determined based on aggregate service of the Eligible Employee with Seller (or any
predecessor entities to the extent such service was recognized by Seller) prior to the Effective Time and with Buyer or an affiliate of Buyer on and after the Effective Time, with all service with Seller (or any predecessor entities to the extent
such service was recognized by Seller) being deemed to be service with Buyer or an affiliate of Buyer. Those Persons who either transfer and continue employment or accept Buyer’s offer of employment and commence working with Buyer on or after
the Closing Date shall hereafter be referred to as “Transferred Employees”. 
 (b) During the Employee Transition
Period and subject to the provisions of this Section 5.10(b) and Section 5.10(c) and (d) below, Buyer shall provide benefits to the Transferred Employees and their beneficiaries pursuant to employee benefit plans and fringe benefit
plans of Buyer and its affiliates (“Buyer’s Benefit Plans”) that (i) provide deferred compensation, profit sharing, retirement, vacation, sick leave, hospitalization, severance or fringe benefits, or (ii) are “employee
benefit plans” as are defined in Section 3(3) of ERISA. 
 (c) Each Transferred Employee shall be eligible to
participate in the 401(k) plan maintained for employees of Buyer upon complying with applicable eligibility requirements. All rights to participate in such 401(k) plan are subject to Buyer’s right to amend or terminate the plan. For purposes of
administering the 401(k) plan, service with Seller shall be deemed to be service with Buyer for participation and vesting purposes, but not for purposes of benefit accrual. 
 (d) To the extent that service is relevant for purposes of eligibility, vesting or benefit accrual (including for vacation but not for
benefit accrual for Buyer’s defined benefit pension plan) under any of Buyer’s Benefit Plans, Buyer shall provide credit to 
  

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 Transferred Employees for service with Seller on or prior to the Closing Date. Nothing in this Agreement
shall obligate Buyer to provide continued employment to any employee of Seller for any specified period of time following the Closing Date. 
 (e) Seller and Buyer agree that certain Eligible Employees shall be subject to employment screening in accordance with generally applicable policies in effect at Buyer and Buyer’s affiliates. 
 5.11 Apportionment. All obligations and liabilities represented by ad valorem taxes on the Assets for the year of closing, and all utility bills
and other operating expenses relating to the Assets or Assumed Liabilities, shall be apportioned between Seller and Buyer as of the opening of business on the Closing Date, it being understood that Seller shall be responsible for any such
obligations and liabilities accrued or allocable to periods prior to the Closing Date (whether or not then paid) and Buyer shall be responsible for any such obligations and liabilities accruing or allocable for the periods on and after the Closing
Date. Payments between the parties to effect any apportionment shall occur for the periods on and after the Closing Date. Payments between the parties to effect any apportionment shall occur from time to time after such amounts have been determined
and mutually agreed to by the parties. 
 5.12 Repayment of Debt. As of the Closing Date, Buyer or one of its affiliates shall have
made provision for the satisfaction and/or discharge of, and obtained the release of Seller’s and the Partners’ obligations under, any outstanding debt obligation of Seller under (i) that certain Loan and Security Agreement dated
June 18, 2005 between Seller and Wells Fargo Financial Preferred Capital, Inc., (ii) that certain promissory note dated June 18, 2005 in the amount $5,000,000 executed by Seller in favor of SWS Group, Inc., and (iii) the certain
Loan Agreement and Security Agreement, each dated January 22, 2002, between Seller and SSB. 
 ARTICLE VI 
 Conditions Precedent to Buyer’s Obligations 
 All obligations of Buyer under this Agreement are subject to the fulfillment of each of the following conditions prior to or at the Closing, unless waived by Buyer: 
 6.1 Representations and Warranties. All of the representations and warranties of Seller and the respective Partners contained in this Agreement
shall be true, correct and complete at the Effective Time as though all such representations and warranties were made and given on and as of the Effective Time. 
 6.2 Performance by Seller and the Partners. Seller and the respective Partners shall have performed and complied with all covenants, agreements and conditions required to be performed or complied with by them
pursuant to this Agreement prior to or at the Effective Time, and all partnership action necessary to authorize the execution, delivery and performance of this Agreement and consummation of the transactions contemplated hereby shall have been duly
and validly taken. 
  

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 6.3 Compliance Certificate. Buyer shall have received a compliance certificate from Seller and the
respective Partners, in form and substance reasonably satisfactory to Buyer and executed by a duly authorized officer of Seller and the respective Partners, with respect to the matters set forth in Sections 6.1 and 6.2. 
 6.4 Approvals; No Restraint on Transactions. The parties shall have received all regulatory approvals required in connection with the transactions
contemplated by this Agreement, all notice periods and waiting periods required after the granting of any such approvals shall have passed, and all such approvals shall be in effect. There shall be no effective injunction, judgment, decree,
restraining order or order of any nature issued against Seller or Buyer by a court or government agency of competent jurisdiction which shall direct that this Agreement or any of the transactions contemplated by this Agreement not be consummated as
herein provided, nor shall any litigation or other proceeding seeking to enjoin the Closing or any of the transactions contemplated hereby have been instituted or threatened by any federal, state or local governmental agency or department or any
other party. No request for voluntary postponement of the Closing Date shall have been received by any party to this Agreement from any federal, state or local governmental agency or department. 
 6.5 No Material Adverse Change. Since June 30, 2005, there shall not have been any material adverse change in the financial condition,
results of operations, prospects, assets or liabilities of Seller. 
 6.6 Third Party Consents. All Required Consents described in
Schedule 3.5 shall have been made or obtained or shall have occurred. 
 6.7 Intentionally Omitted. 
 6.8 Escrow Agreement. Seller and the respective Partners shall have executed the Escrow Agreement substantially in the form attached hereto as
Exhibit B. 
 6.9 Bill of Sale and Assignment and Assumption Agreement. Seller shall have executed the Bill of Sale and
Assignment and Assumption Agreement substantially in the form attached hereto as Exhibit A. 
 6.10 Trademark Assignment
Agreement. Seller shall have executed the Trademark Assignment Agreement substantially in the form attached hereto as Exhibit C. 
 ARTICLE VII 
 Conditions Precedent to Seller’s and the Partners’ Obligations 
 All obligations of Seller and the Partners under this Agreement are subject to the fulfillment of each of the following conditions prior to or at the
Closing, unless waived by Seller: 
 7.1 Representations and Warranties. All of the representations and warranties of Buyer contained
in this Agreement shall be true, correct and complete at the Effective Time as though all such representations and warranties were made and given on and as of the Effective Time. 
  

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 7.2 Performance by Buyer. Buyer shall have performed and complied with all covenants, agreements
and conditions required to be performed or complied with by Buyer pursuant to this Agreement prior to or at the Closing. 
 7.3 Compliance
Certificate. Seller shall have received a compliance certificate from Buyer, in form and substance reasonably satisfactory to Seller and executed by a duly authorized officer of Buyer, with respect to the matters set forth in Sections 7.1 and
7.2. 
 7.4 Approvals; No Restraint on Transactions. The parties shall have received all regulatory approvals required in connection
with the transactions contemplated by this Agreement, all notice periods and waiting periods required after the granting of any such approvals shall have passed, and all such approvals shall be in effect. There shall be no effective injunction,
judgment, decree, restraining order or order of any nature issued against Seller or Buyer by a court or government agency of competent jurisdiction which shall direct that this Agreement or any of the transactions contemplated by this Agreement not
be consummated as herein provided, nor shall any litigation or other proceeding seeking to enjoin the Closing or any of the transactions contemplated hereby have been instituted or threatened by any federal, state or local governmental agency or
department or any other party. No request for voluntary postponement of the Effective Time shall have been received by any party to this Agreement from any federal, state or local governmental agency or department. 
 7.5 Intentionally Omitted. 
 7.6 Escrow Agreement. Buyer shall have executed the Escrow Agreement substantially in the form attached hereto as Exhibit B. 
 7.7 Bill of Sale and Assignment and Assumption Agreement. Buyer shall have executed the Bill of Sale and Assignment and Assumption Agreement substantially in the form attached hereto as Exhibit A. 
 7.8 Trademark Assignment Agreement. Buyer shall have executed the Trademark Assignment Agreement substantially in the form attached hereto as
Exhibit C. 
 ARTICLE VIII 
 Closing Deliveries 
 8.1 Deliveries by Seller and the Partners. At the Closing, Seller and the Partners shall deliver,
or cause to be delivered, to Buyer the following 
 (a) Evidence that all Required Consents have been obtained or satisfied;

  

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 (b) Resolutions duly adopted by the Boards of Directors of each of Seller, SSB and FSBF,
authorizing the execution, delivery and performance of this Agreement, duly certified by the Secretary of each of Seller, SSB and FSBF, and an incumbency certificate certifying the names and true signatures of the officers of each of Seller, SSB and
FSBF executing and delivering this Agreement; 
 (c) A certificate of good standing or a certificate of fact for each of
Seller, SSB and FSBF, issued as of a date not more than five days prior to the Closing Date by the Secretary of State of Texas or the applicable governmental authority in the case of SSB; 
 (d) The compliance certificate required pursuant to Section 6.3; 
 (e) The executed Escrow Agreement substantially in the form attached hereto as Exhibit B; 
 (f) The executed Bill of Sale and Assignment and Assumption Agreement substantially in the form attached hereto as Exhibit A;

 (g) The executed Trademark Assignment Agreement substantially in the form attached hereto as Exhibit C; 

(h) The Files and Books and Records; and 
 (i) Such other documents as shall reasonably be requested by Buyer in order to effectively carry out the transactions contemplated by this Agreement, duly executed by Seller where appropriate. 
 8.2 Deliveries by Buyer. At the Closing, Buyer shall deliver, or cause to be delivered, to Seller the following: 
 (a) Payment of the Closing Date Payment as described in Section 2.3(b) of this Agreement; 
 (b) Evidence of the satisfaction and/or discharge of the debt obligation as described in Section 5.12; 
 (c) The compliance certificate required pursuant to Section 7.3; 
 (d) The executed Escrow Agreement substantially in the form attached hereto as Exhibit B; 
 (e) The executed Bill of Sale and Assignment and Assumption Agreement substantially in the form attached hereto as Exhibit A;

  

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 (f) The executed Trademark Assignment Agreement substantially in the form attached hereto
as Exhibit C; and 
 (g) Such other documents as shall reasonably be requested by Seller in order to effectively carry
out the transactions contemplated by this Agreement, duly executed by Buyer where appropriate. 
 ARTICLE IX 
 Indemnification and Survival 
 9.1
Survival of Representations and Warranties. All of the representations and warranties of Seller, the respective Partners and Buyer contained in this Agreement and all unasserted claims and causes of action with respect thereto shall terminate
on June 30, 2007, except that the representations and warranties in Section 3.1, Section 3.2, Section 3.12 and Section 3.24 shall survive indefinitely. 
 9.2 Indemnification. 
 (a) Seller and the respective Partners, jointly and severally, agree to indemnify, defend and hold harmless the Buyer and its respective officers, directors and other affiliates (“Buyer Indemnitees”) against the full amount of any
losses, damages (including without limitation all foreseeable and unforeseeable consequential damages), claims, obligations, liabilities, penalties, fines, costs and expenses (including without limitation reasonable attorneys’ and
consultants’ fees and costs and expenses incurred in investigating, preparing, defending against or prosecuting any litigation, claim, proceeding, demand or request for action by any governmental or administrative entity), of any kind or
character (a “Loss”) arising out of or resulting from (i) any breach of any representation or warranty of Seller or the respective Partners contained in this Agreement (without regard to any qualifications as to materiality),
(ii) any breach of any covenant or agreement of Seller or the respective Partners contained in this Agreement, (iii) any Excluded Liabilities, or (iv) any breach in any certificate or other closing document furnished by Seller or the
respective Partners pursuant to this Agreement. 
 (b) Buyer agrees to indemnify, defend and hold harmless the Seller and its
respective officers, directors and other affiliates (“Seller Indemnitees”) against a Loss arising out of or resulting from (i) any breach of any representation or warranty of Buyer contained in this Agreement (without regard to any
qualifications as to materiality), (ii) any breach of any covenant or agreement of Buyer contained in this Agreement, (iii) any Assumed Liabilities, or (iv) any breach in any certificate or other closing document furnished by Buyer
pursuant to this Agreement. 
 9.3 Notice of Claim. Any party seeking to be indemnified hereunder (the “Indemnified Party”)
shall promptly notify the party from whom indemnity is sought (the “Indemnity Obligor”) of any claim for recovery, specifying in reasonable detail the nature of the Loss and the amount of the liability estimated to arise therefrom. The
Indemnified Party shall 
  

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 provide to the Indemnity Obligor as promptly as practicable thereafter all information and documentation reasonably
requested by the Indemnity Obligor to verify the claim asserted. The failure to notify or provide information or documentation to the Indemnity Obligor will not relieve the Indemnity Obligor of any liability that it may have to the Indemnified
Party, except to the extent (i) that the Indemnity Obligor demonstrates that the defense of such action is prejudiced by such failure or (ii) notice is given after expiration of the applicable survival period described in Section 9.1.

 9.4 Defense. If the facts pertaining to a Loss arise out of the claim of any third party, or if there is any claim against a third
party available by virtue of the circumstances of the Loss, the Indemnity Obligor may, by giving written notice to the Indemnified Party within 30 days following its receipt of the notice of such claim, elect to assume the defense or the prosecution
thereof, including the employment of counsel or accountants at its cost and expense; provided, however, that during the interim the Indemnified Party shall use its best efforts to take all action (not including settlement) reasonably necessary to
protect against further damage or loss with respect to the Loss. The Indemnified Party shall have the right to employ counsel separate from counsel employed by the Indemnity Obligor in any such action and to participate therein, but the fees and
expenses of such counsel shall be at the Indemnified Party’s own expense. Whether or not the Indemnity Obligor chooses so to defend or prosecute such claim, all the parties hereto shall cooperate in the defense or prosecution thereof and shall
furnish such records, information and testimony and shall attend such conferences, discovery proceedings and trials as may be reasonably requested in connection therewith. The Indemnity Obligor shall not be liable for any settlement of any such
claim effected without its prior written consent, which shall not be unreasonably withheld. 
 9.5 Exclusive Remedy. Except as
otherwise provided in this Agreement and except for any equitable remedy any party may have as a result of a Loss to which the limitations of this Section 9.5 shall not apply, the indemnifications provided pursuant to Section 2.5 and
Article IX shall be the exclusive remedy of the parties related to claims based upon this Agreement and the transactions contemplated hereby. 
 9.6 Minimum and Maximum Indemnity Amounts. Except for the indemnification provided for in Section 2.5 of this Agreement, to which the limitations of Section 9.1 and this Section 9.6 shall not apply, an Indemnified
Party may recover the amount of any Loss from the Indemnity Obligor only if and to the extent that the amount of the Loss, when added to all other Losses incurred by the Indemnified Party, shall exceed $25,000. Notwithstanding any other provisions
of this Article IX (except for the indemnification provided for in Section 2.5 of this Agreement, to which the limitations of Section 9.1 and this Section 9.6 shall not apply), an Indemnity Obligor’s total liability for any Loss
or Losses pursuant to this Article IX shall not exceed an aggregate amount equal to Seller’s Closing Date Net Worth as determined in accordance with Section 2.3. 
 9.7 Escrow. Any indemnification amounts due to Buyer from Seller and the Partners pursuant to Section 2.5 and/or Article IX of this Agreement
shall first be paid to Buyer from any funds available in the escrow account established pursuant to Section 2.3 of this Agreement and subject to the terms of the Escrow Agreement in the form attached hereto as Exhibit B. Buyer

  

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 agrees to use its best efforts, prior to seeking any indemnification amounts due to Buyer from Seller and the Partners
under this Article IX and accessing any funds available in the escrow account established pursuant to Section 2.3 of this Agreement, to seek recovery for any Losses from any applicable third parties who previously granted to Seller contractual
indemnification rights which Seller has conveyed to Buyer hereunder. Notwithstanding any of the foregoing, any Loss resulting from a credit default of an Obligor shall not be subject to the indemnification provided by Seller and the Partners
hereunder and shall not be deducted from the escrow account. 
 ARTICLE X 
 Termination 
 10.1 Termination. This Agreement may be terminated at any
time prior to the Effective Time: 
 (a) By the mutual written consent of Seller, the Partners and Buyer; 
 (b) By Seller in writing (if Seller or the respective Partners are not then in breach of any material term of this Agreement), if Buyer
shall (i) fail to perform in any material respect its covenants or agreements contained herein required to be performed on or prior to the Closing Date, or (ii) materially breach any of its representations or warranties contained herein,
which failure or breach is not cured within ten days after Seller has notified Buyer of its intent to terminate this Agreement pursuant to this subparagraph; 
 (c) By Buyer in writing (if Buyer is not then in breach of any material term of this Agreement), if Seller or the respective Partners
shall (i) fail to perform in any material respect its covenants or agreements contained herein required to be performed on or prior to the Closing Date, or (ii) materially breach any of its representations or warranties contained herein,
which failure or breach is not cured within ten days after Buyer has notified Seller and the Partners of its intent to terminate this Agreement pursuant to this subparagraph; 
 (d) By Seller or Buyer, in writing, if there shall be any order, writ, injunction or decree of any court or governmental or regulatory
agency binding on Seller or Buyer that prohibits or restrains any of Seller or Buyer from consummating the transactions contemplated hereby; 
 (e) By either Seller or Buyer, in writing, if the Closing has not occurred by March 20, 2006, for any reason other than delay or nonperformance of the party seeking such termination; or 
 (f) By either Seller or Buyer in writing, if any of the applications for prior approval referred to in Section 6.4 or 7.4 are denied,
and the time period for appeals and requests for reconsideration has run. 
  

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 10.2 Effect on Obligations. Termination of this Agreement pursuant to this Article X shall
terminate all obligations of the parties hereunder, except for the obligations under Sections 11.5 (with respect to expenses) and 5.8 (with respect to confidentiality); provided, however, that termination pursuant to (b) or (c) of
Section 10.1 shall not relieve the defaulting or breaching party from any liability to any other party hereto, and the nondefaulting party or parties shall be entitled to any remedies allowed by applicable law. In the event of termination under
Section 10.1(c), Buyer shall have the rights and remedies with respect to specific performance as set forth in Section 11.11, in addition to any other remedies that may be available at law or in equity. 
 10.3 Waiver. Except with respect to any required regulatory approval, each party hereto, by written instrument signed by an executive officer of
such party, may at any time extend the time for the performance of any of the obligations or other acts of any other party hereto and may waive (i) any inaccuracies of another party in the representations or warranties contained in this
Agreement or any document delivered pursuant hereto, (ii) compliance with any of the covenants, undertakings or agreements of another party, or satisfaction of any of the conditions precedent to its obligations, contained herein, or
(iii) the performance by another party of any of its obligations set out herein. 
 10.4 Amendment or Supplement. This Agreement
may be amended or supplemented at any time in writing by mutual agreement of Buyer, Seller and the Partners. 
 ARTICLE XI 

Miscellaneous 
 11.1
Survival. Subject to Section 9.1, all covenants, agreements, statements, certifications, indemnifications, representations and warranties made by Seller, the respective Partners or the Buyer in this Agreement or in any document, exhibit,
schedule or certificate furnished pursuant hereto or in connection herewith, shall survive the Closing irrespective of any investigation made by or on behalf of any party. 
 11.2 Notices. All notices, requests, demands and other communications required or permitted to be given hereunder shall be in writing and shall be
deemed to have been given (a) when received, if delivered in person, (b) when sent, if sent by facsimile transmission, or (c) the day following the date deposited with a nationally recognized overnight courier (with charges prepaid),
in any such case as follows: 
 If to Seller or the Partners to: 
 Southwest Securities, FSB 
 301 S. Center 
 Arlington, TX 76010 
 Attn: Richard J.
Driscoll, President, CEO and Chairman of the Board 
 Fax No.: 817-861-9282 
  

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 Steven Burke 
 c/o FSB Financial, Ltd. 
 110 W. Randol Mill Road, Suite 100 
 Arlington, TX 76011 
 Fax No.: 817-509-3920

 with a copy (which shall not constitute notice) to: 
 Brice E. Tarzwell, Esq. 
 Winstead Sechrest & Minick P.C. 
 1201 Elm Street, Suite 5400 
 Dallas, TX 75270

 Fax No.: 214-745-5390 
 If to
Buyer, to: 
 Michael K. Goodman, President and CEO 
 Regional Acceptance Corporation 
 1424 E. Firetower Road 
 Greenville, NC 27858-2785 
 Fax No.:
252-353-1852 
 with a copy (which shall not constitute notice) to: 
 M. Patricia Oliver, Executive Vice President and General Counsel 
 BB&T Corporation 
 200 West Second Street, Third Floor 
 Winston-Salem, NC 27101 
 Fax No.:
336-733-2189 
 or at such other address or addresses as any party may have advised the other in the manner provided in this Section 11.2. 

11.3 Complete Agreement. This Agreement, together with its exhibits and schedules, sets forth the entire agreement of the parties with respect
to the subject matter hereof and supersedes all prior agreements, contracts, promises, representations, warranties, statements, arrangements and understandings, if any, among the parties hereto or their representatives. No waiver, modification or
amendment of any provision, term or condition hereof shall be valid unless in writing and signed by the party to be charged therewith, and any such waiver, modification or amendment shall be valid only to the extent therein set forth. 
 11.4 Further Assurances. Each of the parties hereto shall, from time to time after the Closing, upon the request of the other party hereto and at
the expense of such requesting party, duly execute, acknowledge and deliver or cause to be duly executed, acknowledged and delivered, all such further instruments and documents reasonably requested by the other party to further effectuate the intent
and purposes of this Agreement. 
  

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 11.5 Expenses. Whether or not the transactions contemplated by this Agreement are consummated,
each of Buyer and Seller shall pay its own expenses (including, without limitation, attorneys’ and accountants’ fees and disbursements) incident to this Agreement and the transactions contemplated hereby. 
 11.6 Governing Law. The validity, performance, construction and effect of this Agreement shall be governed by the substantive laws of the State of
North Carolina, without regard to the provisions for choice of law thereunder. 
 11.7 Binding Effect. This Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns. 
 11.8 Severability. Any provision
of this Agreement which may be determined by competent authority to be prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 11.9 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which taken
together shall constitute a single agreement. 
 11.10 Captions. The captions appearing in this Agreement are inserted only as a
matter of convenience and for reference and shall in no way affect the interpretation or construction of this Agreement or any of the provisions hereof. 
 11.11 Specific Performance. Seller and the respective Partners acknowledge that if Seller and the respective Partners fail to consummate the transactions contemplated by this Agreement, such failure will cause
irreparable harm to Buyer for which there will be no adequate remedy at law. Buyer shall be entitled, in addition to other remedies at law or at equity, to specific performance of this Agreement if Seller or the respective Partners shall, without
cause, refuse to consummate the transactions contemplated by this Agreement. 
 [signature page follows] 
  

 33 

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

			
	REGIONAL ACCEPTANCE CORPORATION
		
	By:	 	  

	Name:	 	Michael K. Goodman
	Title:	 	President and CEO
	
	FSB FINANCIAL, LTD.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	SOUTHWEST SECURITIES, FSB
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	FSBF, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	  
  
 Steven Burke

  

 34Form of Senior or Subordinated Indenture

 Exhibit 4.4 
 [Form of Senior or Subordinated Indenture] 
  
 NETLOGIC MICROSYSTEMS, INC. 
 TO 
  

 [SENIOR/SUBORDINATED] INDENTURE 
 DATED AS OF                             

 TABLE OF CONTENTS 
  

					
	 	    	 	  	Page
	ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	1
			
	 Section 101
	    	Definitions.	  	1
	 Section 102
	    	Compliance Certificates and Opinions.	  	11
	 Section 103
	    	Form of Documents Delivered to Trustee.	  	11
	 Section 104
	    	Acts of Holders; Record Dates.	  	12
	 Section 105
	    	Notices, Etc., to Trustee and Company.	  	13
	 Section 106
	    	Notice to Holders; Waiver.	  	13
	 Section 107
	    	Conflict with Trust Indenture Act.	  	14
	 Section 108
	    	Effect of Headings and Table of Contents.	  	14
	 Section 109
	    	Successors and Assigns.	  	14
	 Section 110
	    	Separability Clause.	  	14
	 Section 111
	    	Benefits of Indenture.	  	14
	 Section 112
	    	Governing Law.	  	14
	 Section 113
	    	Legal Holidays.	  	14
		
	ARTICLE TWO SECURITY FORMS	  	15
			
	 Section 201
	    	Forms Generally.	  	15
	 Section 202
	    	Form of Face of Security.	  	15
	 Section 203
	    	Form of Reverse of Security.	  	17
	 Section 204
	    	Form of Legend for Global Securities.	  	20
	 Section 205
	    	Form of Trustee’s Certificate of Authentication.	  	20
		
	ARTICLE THREE THE SECURITIES	  	21
			
	 Section 301
	    	Amount Unlimited; Issuable in Series.	  	21
	 Section 302
	    	Denominations.	  	24
	 Section 303
	    	Execution, Authentication, Delivery and Dating.	  	24
	 Section 304
	    	Temporary Securities.	  	25
	 Section 305
	    	Registration, Registration of Transfer and Exchange.	  	25
	 Section 306
	    	Mutilated, Destroyed, Lost and Stolen Securities.	  	27
	 Section 307
	    	Payment of Interest; Interest Rights Preserved.	  	28
	 Section 308
	    	Persons Deemed Owners.	  	29
	 Section 309
	    	Cancellation.	  	29
	 Section 310
	    	Computation of Interest.	  	29

  

 i 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	    	 	  	Page
	ARTICLE FOUR SATISFACTION AND DISCHARGE	  	29
			
	 Section 401
	    	Satisfaction and Discharge of Indenture.	  	29
	 Section 402
	    	Application of Trust Money.	  	30
		
	ARTICLE FIVE REMEDIES	  	30
			
	 Section 501
	    	Events of Default.	  	30
	 Section 502
	    	Acceleration of Maturity; Rescission and Annulment.	  	32
	 Section 503
	    	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	32
	 Section 504
	    	Trustee May File Proofs of Claim.	  	33
	 Section 505
	    	Trustee May Enforce Claims Without Possession of Securities.	  	33
	 Section 506
	    	Application of Money Collected.	  	33
	 Section 507
	    	Limitation on Suits.	  	34
	 Section 508
	    	Unconditional Right of Holders to Receive Principal, Premium and Interest.	  	34
	 Section 509
	    	Restoration of Rights and Remedies.	  	35
	 Section 510
	    	Rights and Remedies Cumulative.	  	35
	 Section 511
	    	Delay or Omission Not Waiver.	  	35
	 Section 512
	    	Control by Holders.	  	35
	 Section 513
	    	Waiver of Past Defaults.	  	35
	 Section 514
	    	Undertaking for Costs.	  	36
	 Section 515
	    	Waiver of Usury, Stay or Extension Laws.	  	36
		
	ARTICLE SIX THE TRUSTEE	  	36
			
	 Section 601
	    	Certain Duties and Responsibilities.	  	36
	 Section 602
	    	Notice of Defaults.	  	36
	 Section 603
	    	Certain Rights of Trustee.	  	37
	 Section 604
	    	Not Responsible for Recitals or Issuance of Securities.	  	37
	 Section 605
	    	May Hold Securities.	  	38
	 Section 606
	    	Money Held in Trust.	  	38
	 Section 607
	    	Compensation and Reimbursement.	  	38
	 Section 608
	    	Conflicting Interests.	  	38
	 Section 609
	    	Corporate Trustee Required; Eligibility.	  	39
	 Section 610
	    	Resignation and Removal; Appointment of Successor.	  	39

  

 ii 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	  	Page
	 Section 611
	    	Acceptance of Appointment by Successor.	  	40
	 Section 612
	    	Merger, Conversion, Consolidation or Succession to Business.	  	41
	 Section 613
	    	Preferential Collection of Claims Against Company.	  	41
	 Section 614
	    	Appointment of Authenticating Agent.	  	41
		
	ARTICLE SEVEN HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  	43
			
	 Section 701
	    	Company to Furnish Trustee Names and Addresses of Holders.	  	43
	 Section 702
	    	Preservation of Information; Communications to Holders.	  	43
	 Section 703
	    	Reports by Trustee.	  	44
	 Section 704
	    	Reports by Company.	  	44
		
	ARTICLE EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	  	44
			
	 Section 801
	    	Company May Consolidate, Etc., Only on Certain Terms.	  	44
	 Section 802
	    	Successor Substituted.	  	45
		
	ARTICLE NINE SUPPLEMENTAL INDENTURES	  	45
			
	 Section 901
	    	Supplemental Indentures Without Consent of Holders.	  	45
	 Section 902
	    	Supplemental Indentures With Consent of Holders.	  	46
	 Section 903
	    	Execution of Supplemental Indentures.	  	47
	 Section 904
	    	Effect of Supplemental Indentures.	  	47
	 Section 905
	    	Conformity with Trust Indenture Act.	  	47
	 Section 906
	    	Reference in Securities to Supplemental Indentures.	  	48
		
	ARTICLE TEN COVENANTS	  	48
			
	 Section 1001
	    	Payment of Principal, Premium and Interest.	  	48
	 Section 1002
	    	Maintenance of Office or Agency.	  	48
	 Section 1003
	    	Money for Securities Payments to Be Held in Trust.	  	48
	 Section 1004
	    	Statement by Officers as to Default.	  	49
	 Section 1005
	    	Existence.	  	50
	 Section 1006
	    	Maintenance of Properties.	  	50
	 Section 1007
	    	Payment of Taxes and Other Claims.	  	50
	 Section 1008
	    	Maintenance of Insurance.	  	50
	 Section 1009
	    	Waiver of Certain Covenants.	  	50

  

 iii 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	  	Page
	ARTICLE ELEVEN OPTIONAL REDEMPTION OF SECURITIES	  	51
			
	 Section 1101
	    	Applicability of Article.	  	51
	 Section 1102
	    	Election to Redeem; Notice to Trustee.	  	51
	 Section 1103
	    	Selection by Trustee of Securities to Be Redeemed.	  	51
	 Section 1104
	    	Notice of Redemption.	  	52
	 Section 1105
	    	Deposit of Redemption Price.	  	53
	 Section 1106
	    	Securities Payable on Redemption Date.	  	53
	 Section 1107
	    	Securities Redeemed in Part.	  	53
		
	ARTICLE TWELVE SINKING FUNDS	  	53
			
	 Section 1201
	    	Applicability of Article.	  	53
	 Section 1202
	    	Satisfaction of Sinking Fund Payments with Securities.	  	54
	 Section 1203
	    	Redemption of Securities for Sinking Fund.	  	54
		
	ARTICLE THIRTEEN DEFEASANCE AND COVENANT DEFEASANCE	  	54
			
	 Section 1301
	    	Company’s Option to Effect Defeasance or Covenant Defeasance.	  	54
	 Section 1302
	    	Defeasance and Discharge.	  	55
	 Section 1303
	    	Covenant Defeasance.	  	55
	 Section 1304
	    	Conditions to Defeasance or Covenant Defeasance.	  	55
	 Section 1305
	    	Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions.	  	57
	 Section 1306
	    	Reinstatement.	  	58
		
	[ARTICLE FOURTEEN SUBORDINATION OF SECURITIES]	  	58
			
	 [Section 1401
	    	Securities Subordinate to Senior Debt.	  	58
	 Section 1402
	    	Payment Over of Proceeds Upon Dissolution, Etc.	  	59
	 Section 1403
	    	No Payment When Senior Debt in Default.	  	60
	 Section 1404
	    	Payment Permitted If No Default.	  	61
	 Section 1405
	    	Subrogation to Rights of Holders of Senior Debt.	  	61
	 Section 1406
	    	Provisions Solely to Define Relative Rights.	  	61
	 Section 1407
	    	Trustee to Effectuate Subordination.	  	62
	 Section 1408
	    	No Waiver of Subordination Provisions.	  	62
	 Section 1409
	    	Notice to Trustee.	  	62
	 Section 1410
	    	Reliance on Judicial Order or Certificate of Liquidating Agent.	  	63

  

 iv 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

						
	 	  	Page	 
	 Section 1411
	    	Trustee Not Fiduciary for Holders of Senior Debt.	  	63	 
	 Section 1412
	    	Rights of Trustee as Holder of Senior Debt; Preservation of Trustee’s Rights.	  	63	 
	 Section 1413
	    	Article Applicable to Paying Agents.	  	63	 
	 Section 1414
	    	Defeasance of this Article Fourteen.	  	64	]

  

 v 

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

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

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

 vi 

 [SENIOR/SUBORDINATED] INDENTURE, dated as of
            , between NetLogic Microsystems, Inc., a corporation duly organized and existing under the laws of the State of Delaware (herein called the
“Company”), having its principal office at 1875 Charleston Road Mountain View, California 94043, and              , a
             duly organized and existing under the laws of             , as Trustee (herein called
the “Trustee”). 
 RECITALS OF THE COMPANY

 The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of notes or
other evidences of indebtedness (herein called the “Securities”), to be issued in one or more series as in this Indenture provided. 
 All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 
 NOW, THEREFORE, for and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually agreed, for the equal and proportionate benefit of all Holders of the Securities or of
series thereof, as follows: 
 ARTICLE ONE 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 101 Definitions.

 For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
 (a) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular; 
 (b) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings assigned to them
therein; 
 (c) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted
accounting principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting
principles as are generally accepted at the Issue Date; 
 (d) unless otherwise specifically set forth herein, all calculations or
determinations of a Person shall be performed or made on a consolidated basis in accordance with generally accepted accounting principles; 
 (e) unless the context otherwise requires, any reference to an “Article” or a “Section” refers to an Article or a Section, as the case may be, of this Indenture; and 
 (f) the words “herein”, hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to
any particular Article, Section or other subdivision. 
  

 1 

 Certain terms, used principally in Article 14, are defined in that Article. 
 “Act”, when used with respect to any Holder, has the meaning specified in Section 104. 
 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly
or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 614 to act on behalf of the Trustee to
authenticate Securities of one or more series. 
 “Bankruptcy Code” means Title 11, United States Bankruptcy Code of
1978, as amended, or any similar United States federal or state law relating to bankruptcy, insolvency, receivership, winding-up, liquidation, reorganization or relief of debtors or any amendment to, succession to or change in any such law.

 “Board of Directors” means either the board of directors of the Company or any duly authorized committee of that
board. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the
Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 
 “Business Day”, when used with respect to any Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of
Payment are authorized or obligated by law or executive order to close. 
 “Capital Lease Obligation” means, at any
time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized on the balance sheet in accordance with GAAP. 
 “Capital Stock” means (i) in the case of a corporation, capital stock, (ii) in the case of any association or business
entity, any and all shares, interests, participations, rights or other equivalents (however designated) or capital stock and (iii) in the case of a partnership or limited liability company, partnership or membership interests (whether general
or limited) and any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, such partnership. 
 “Cash Equivalents” means (i) United States dollars, (ii) securities issued or directly and fully guaranteed or insured
by the United States government or any agency or instrumentality thereof having maturities of less than one year from the date of acquisition, (iii) certificates of deposit and eurodollar time deposits with maturities of less than one year from
the date of acquisition, bankers’ 

  

 2 

 
acceptances with maturities of less than one year and overnight bank deposits, in each case with any lender party to the Credit Agreement or with any
domestic commercial bank having capital and surplus in excess of $             million and a [Rating of
             or better], (iv) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses (ii) and
(iii) entered into with any financial institution meeting the qualifications specified in clause (iii) above, (v) commercial paper having the highest rating obtainable from Moody’s Investors Service, Inc. or Standard &
Poor’s Ratings Group, and in each case maturing within twelve months after the date of acquisition, and (vi) money market funds at least 95% of the assets of which constitute Cash Equivalents of the kinds described in clauses
(i)-(v) of this definition. 
 “Change of Control” means the occurrence of any of the following: 
  

	 	(i)	the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation) in one or a series of related transactions, of all or substantially all of
the assets of the Company and its Restricted Subsidiaries, taken as a whole to any “person” (as such term is used in Section 13(d)(3) of the Exchange Act); 

  

	 	(ii)	the adoption of a plan relating to the liquidation or dissolution of the Company; 

  

	 	(iii)	the acquisition, directly or indirectly, by any Person or group (as such term is used in Section 13(d)(3) of the Exchange Act) of 50% or more of the voting power of the voting
stock of the Company by way of merger or consolidation or otherwise; or 

  

	 	(iv)	the Continuing Directors cease for any reason to constitute a majority of the directors of the Company then in office. 

 For purposes of this definition, any transfer of an Equity Interest of an entity that was formed for the purpose of acquiring voting stock of the Company
shall be deemed to be a transfer of such portion of such voting stock as corresponds to the portion of the equity of such entity that has been so transferred. 
 “Commission” means the Securities and Exchange Commission, from time to time constituted, created under the Exchange Act, or, if at any time after the execution of this instrument such
Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 
 “Common Stock” of any Person means Capital Stock of such Person that does not rank prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary
liquidation, dissolution or winding up of such Person, to shares of Capital Stock of any other class of such Person. 
 “Company” means the Person named as the “Company” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this
Indenture, and thereafter “Company” shall mean such successor Person. 
 “Continuing
Directors” means, as of any date of determination, any member of the Board of Directors who (i) was a member of such Board of Directors on the Issue Date, or (ii) was nominated for election or elected to such Board of
Directors with the approval of a majority of the Continuing Directors who were members of such Board at the time of such nomination or election. 
  

 3 

 “Company Request” or “Company Order” means a written
request or order signed in the name of the Company by its Chairman of the Board, its Chief Executive Officer, its Chief Operating Officer, its Chief Financial Officer, its President, and, without duplication, by its Treasurer, an Assistant
Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee. 
 “Corporate Trust Office” means
the principal office of the Trustee in              at which at any particular time its corporate trust business shall be administered. 
 “Corporation” means a corporation, association, company, joint-stock company or business trust. 
 “Covenant Defeasance” has the meaning specified in Section 1303. 
 “Default” means any event that is, or after the giving of notice or the passage of time or both would be, an Event of Default.

 “Defaulted Interest” has the meaning specified in Section 307. 
 “Defeasance” has the meaning specified in Section 1302. 
 “Depositary” means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global
Securities, a clearing agency registered under the Exchange Act that is designated to act as Depositary for such Securities as contemplated by Section 301. 
 “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any
event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than upon a Change of Control of the Company in circumstances where the holders of the
Securities would have similar rights), in whole or in part on or prior to one year after the Stated Maturity of the Securities. 
 “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (including any Indebtedness or Disqualified Stock that is convertible into, or exchangeable for, Capital
Stock). 
 “Event of Default” has the meaning specified in Section 501. 
 “Exchange Act” means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to
time. 
 “Expiration Date” has the meaning specified in Section 104. 
 “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles
Board of the American Institute of Certified Public 

  

 4 

 
Accountants and statements and pronouncements of the Financial Accounting Standards Board, or in such other statements by such other entity as have been
approved by a significant segment of the accounting profession, which are in effect on the Issue Date. 
 “Global
Security” means a Security that evidences all or part of the Securities of any series and bears the legend set forth in Section 204 (or such legend as may be specified as contemplated by Section 301 for such Securities).

 “Guarantee” means a guarantee (other than by endorsement of negotiable instruments for collection or deposit in
the ordinary course of business), direct or indirect, in any manner (including, without limitation, by way of a pledge of assets or through letters of credit and or reimbursement agreements in respect thereof), of all or any part of any
Indebtedness. 
 “Hedging Obligations” means, with respect to any Person, the Obligations of such Person under
(i) interest rate swap agreements, interest rate cap agreements and interest rate collar agreements, and (ii) other agreements or arrangements designed to protect such Person against fluctuations in interest rates. 
 “Holder” means a Person in whose name a Security is registered in the Security Register. 
 “Immediate Family Member” means, with respect to any individual, such individual’s spouse (past or current), descendants
(natural or adoptive, of the whole or half blood) of the parents of such individual, such individual’s grandparents and parents (natural or adoptive), and the grandparents, parents and descendants of parents (natural or adoptive, of the whole
or half blood) of such individual’s spouse (past or current). 
 “Incur” means, with respect to any obligation
of any Person, to create, issue, incur, assume or directly or indirectly guarantee or in any other manner become directly or indirectly liable for any Indebtedness (and “incurrence”, “incurred”,
“incurable” and “incurring” shall have meanings correlative to the foregoing). 
 “Indebtedness” means, with respect to any Person, whether or not contingent, (i) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services (other than current
trade liabilities incurred in the ordinary course of business and payable in accordance with customary practices) or which is evidenced by a note, bond, debenture or similar instrument, (ii) all Capital Lease Obligations of such Person,
(iii) all obligations of such Person in respect of letters of credit or bankers’ acceptances issued or created for the account of such Person, (iv) all Hedging Obligations of such Person, (v) all liabilities secured by any Lien
on any property owned by such Person even if such Person has not assumed or otherwise become liable for the payment thereof to the extent of the value of the property subject to such Lien, and (vi) to the extent not otherwise included, any
guarantee by such person of any other Person’s indebtedness or other obligations described in clauses (i) through (v) above. 
 “Indenture” means this instrument as originally executed and as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions
hereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The
term “Indenture” shall also include the terms of particular series of Securities established as contemplated by Section 301. 
  

 5 

 “Interest”, when used with respect to an Original Issue Discount Security which
by its terms bears interest only after Maturity, means interest payable after Maturity. 
 “Interest Payment Date”,
when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security. 
 “Investment
Company Act” means the Investment Company Act of 1940 and any statute successor thereto, in each case as amended from time to time. 
 “Issue Date” means the date of initial issuance of the Securities pursuant to this Indenture. 
 “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under
applicable law (including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in any asset and any filing of, or agreement to give, any financing
statement under the “Uniform Commercial Code” (or equivalent statutes) of any jurisdiction). 
 “Maturity”, when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated
Maturity or by declaration of acceleration, call for redemption or otherwise. 
 “Notice of Default” means a written
notice of the kind specified in Section 501(d). 
 “Officer” means, with respect to any Person, the Chairman of
the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person. 
 “Officers’ Certificate” means a certificate signed by two Officers or by an Officer and either an Assistant Treasurer or an
Assistant Secretary, of the Company. 
 “Opinion of Counsel” means an opinion from legal counsel who is reasonably
acceptable to the Trustee. The counsel may be an employee of or counsel to the Company, any Subsidiary of the Company or the Trustee. 
 “Original Issue Discount Security” means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to
Section 502. 
 “Outstanding”, when used with respect to Securities, means, as of the date of determination, all
Securities theretofore authenticated and delivered under this Indenture, except: 
  

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

  

 6 

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

  

	 	(iii)	Securities as to which Defeasance has been effected pursuant to Section 1302; and 

  

	 	(iv)	Securities which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this
Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the
Company; 

 provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have
given, made or taken any request, demand, authorization, direction, notice, consent, waiver or other action hereunder as of any date, (A) the principal amount of an Original Issue Discount Security which shall be deemed to be Outstanding shall
be the amount of the principal thereof which would be due and payable as of such date upon acceleration of the Maturity thereof to such date pursuant to Section 502, (B) if, as of such date, the principal amount payable at the Stated
Maturity of a Security is not determinable, the principal amount of such Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section 301, (C) the principal amount of a Security
denominated in one or more foreign currencies or currency units which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by Section 301, of the principal
amount of such Security (or, in the case of a Security described in Clause (A) or (B) above, of the amount determined as provided in such Clause), and (D) Securities owned by the Company or any other obligor upon the Securities or any
Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice,
consent, waiver or other action, only Securities which the Trustee knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction
of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 
 “Paying Agent” means any Person authorized by the Company to pay the principal of or any premium or interest on any Securities on
behalf of the Company. 
 “Person” means any individual, corporation, partnership, limited liability company, joint
venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof (including any subdivision or ongoing business of any such entity or substantially all of the assets of any
such entity, subdivision or business). 
  

 7 

 “Place of Payment”, when used with respect to the Securities of any series, means
the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified as contemplated by Section 301. 
 “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 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen
Security. 
 “Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed for such
redemption by or pursuant to this Indenture. 
 “Redemption Price”, when used with respect to any Security to be
redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 
 “Regular Record Date” for the
interest payable on any Interest Payment Date on the Securities of any series means the date specified for that purpose as contemplated by Section 301. 
 “Responsible Officer”, when used with respect to the Trustee, means any officer within the Corporate Trust Administration 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 knowledge of and familiarity with the particular subject. 
 “Restricted Subsidiary” means a Subsidiary of the
Company other than an Unrestricted Subsidiary. 
 “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 and any statute successor thereto, in each case as amended from time to time. 
 “Security Register” and “Security Registrar” have the respective meanings specified in Section 305. 
 “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307. 
 [IF SUBORDINATED INDENTURE: “Senior Bank Debt” means (i) the Indebtedness outstanding under the senior credit facility, if
any, and (ii) all Obligations incurred by or owing to the holders or their agent or representatives of such Indebtedness outstanding under the senior credit facility if any, (including, but not limited to, all fees and expenses of counsel and
all other interest, charges, fees and expenses). 
  

 8 

 “Senior Debt” means 
  

	 	(i)	with respect to the Company, the principal of and interest (including post-petition interest whether or not allowed as a claim) on, and all other amounts owing in respect of,
(a) Senior Bank Debt, and (b) any other Indebtedness permitted to be incurred by the Company under the terms of this Indenture (including, but not limited to, reasonable fees and expenses of counsel and all other charges, fees and expenses
incurred in connection with such Indebtedness), unless the instrument creating or evidencing such Indebtedness or pursuant to which such Indebtedness is outstanding expressly provides that such Indebtedness is on a parity with or subordinated in
right of payment to the Securities; and 

  

	 	(ii)	with respect to any Subsidiary Guarantor, the principal of and interest (including post-petition interest whether or not allowed as a claim) on, and all other amounts owing in
respect of, (a) Senior Bank Debt and (b) any other Indebtedness permitted to be incurred by such Subsidiary Guarantor under the terms of this Indenture (including, but not limited to, reasonable fees and expenses of counsel and all other
charges, fees and expenses incurred in connection with such Indebtedness), unless the instrument creating or evidencing such Indebtedness or pursuant to which such Indebtedness is outstanding expressly provides that such Indebtedness is on a parity
with or subordinated in right of payment to the Subsidiary Guarantee of such Subsidiary Guarantor. 

 Notwithstanding the foregoing, Senior
Debt shall not include (v) any Indebtedness that is represented by Disqualified Stock, (w) any liability for federal, state, local, or other taxes, (x) any Indebtedness among or between the Company, any Restricted Subsidiary or any of
their Affiliates, (y) any trade payables and any Indebtedness to trade creditors (other than amounts accrued thereon) incurred for the purchase of goods or materials, or for services obtained, in the ordinary course of business or any
Obligations to trade creditors in respect of any such Indebtedness, or (z) any Indebtedness (other than Senior Bank Debt) that is incurred in violation of this Indenture. 
 “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307.]

 “Stated Maturity” means with respect to any installment of interest or principal on any series of Indebtedness,
the date on which such payment of interest or principal was scheduled to be paid in the original documentation governing such Indebtedness, and shall not include any contingent obligations to repay, redeem or repurchase any such interest or
principal prior to the date originally scheduled for the payment thereof. 
  

 9 

 “Subsidiary” means with respect to any Person, (i) any corporation,
association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at
the time owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person (or a combination thereof) and (ii) any partnership (a) the sole general partner or the managing general partner
of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are such Person or one or more Subsidiaries of such Person (or any combination thereof). 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument until a
successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more
than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed;
provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended.

 “Unrestricted Subsidiary” means any Subsidiary of the Company that at the time of determination shall be an
Unrestricted Subsidiary (as designated by the Board of Directors of the Company, as provided below) and any Subsidiary of an Unrestricted Subsidiary. The Board of Directors of the Company may designate any Subsidiary of the Company (including any
newly acquired or newly formed Subsidiary) to be an Unrestricted Subsidiary if all of the following conditions apply: (a) neither the Company nor any of its Restricted Subsidiaries provides credit support for any Indebtedness of such Subsidiary
(including any undertaking, agreement or instrument evidencing such Indebtedness), (b) such Subsidiary is not liable, directly or indirectly, with respect to any Indebtedness other than Unrestricted Subsidiary Indebtedness, and (c) such
Unrestricted Subsidiary does not own any Capital Stock of any Subsidiary of the Company that has not theretofore been or is not simultaneously being designated an Unrestricted Subsidiary. Any such designation by the Board of Directors of the Company
shall be evidenced to the Trustee by filing with the Trustee a board resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complies with the foregoing conditions. The Board of Directors of
the Company may designate any Unrestricted Subsidiary as a Restricted Subsidiary. 
 “U.S. Government Obligation” has
the meaning specified in Section 1304. 
 “Vice President”, when used with respect to the Company or the
Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title “vice president”. 
  

 10 

 Section 102 Compliance Certificates and Opinions. 
 Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the
Trustee such certificates and opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officers’ Certificate, if to be given by an officer of the Company, or an Opinion of
Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (except for certificates provided for in Section 1004) shall include: 
 (1) a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto;

 (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in
such certificate or opinion are based; 
 (3) a statement that, in the opinion of each such individual, he has made such examination or
investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 Section 103 Form of Documents Delivered to Trustee. 
 In any case where several matters are
required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one
document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents.

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

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

 11 

 Section 104 Acts of Holders; Record Dates. 
 Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken
by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall
become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes
referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and
(subject to Section 601) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 
 The fact
and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds,
certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also
constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient.

 The ownership of Securities shall be proved by the Security Register. 
 Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the
same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon,
whether or not notation of such action is made upon such Security. 
 The Company may set any day as a record date for the purpose of
determining the Holders of Outstanding Securities of any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken
by Holders of Securities of such series, provided that the Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of (i) any Notice of Default, (ii) any declaration
of acceleration referred to in Section 502, (iii) any request to institute proceedings referred to in Section 507(2) or (iv) any direction referred to in Section 512. If any record date is set pursuant to this paragraph, the
Holders of Outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders after such record date; provided that no such action shall
be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the
Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no
effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of 

  

 12 

 
Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the
Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of Securities of the relevant series in the manner set
forth in Section 106. 
 With respect to any record date set pursuant to this Section, the Company may designate any day as the
“Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is given to the Trustee in
writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 106, on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to this
Section, the Company shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in this paragraph. 
 Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so with regard to
all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. 
 Section 105 Notices, Etc., to Trustee and Company. 
 Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with: 
  

	 	(1)	the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate
Trust Office, Attention:             ; or 

  

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

 Section 106 Notice to Holders; Waiver. 
 Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if
in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed
for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect
to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice.
Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
  

 13 

 In case by reason of the suspension of regular mail service or by reason of any other cause it shall be
impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
 Section 107 Conflict with Trust Indenture Act. 
 If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act which is required under such Act to be a part of and govern this Indenture, the latter provision shall control. If any
provision of this Indenture modifies or excludes any provision of the Trust Indenture Act which may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be.

 Section 108 Effect of Headings and Table of Contents. 
 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 
 Section 109 Successors and Assigns. 
 All agreements in this Indenture by the Company shall bind its successors and assigns. All agreements in this Indenture by the Trustee shall bind its successors. 
 Section 110 Separability Clause. 
 In case any provision in this Indenture or in the Securities
shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby to the extent permitted by applicable law. 
 Section 111 Benefits of Indenture. 
 Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, the holders of Senior Debt and the Holders, any benefit or any legal or equitable
right, remedy or claim under this Indenture. 
 Section 112 Governing Law. 
 This Indenture and the Securities shall be governed by and construed in accordance with the law of the State of New York. 
 Section 113 Legal Holidays. 
 In
any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Securities (other than a
provision of any Security which specifically states that such provision shall apply in lieu of this Section)) payment of interest or 

  

 14 

 
principal (and premium, if any) need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of
Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity. 
 ARTICLE
TWO 
 SECURITY FORMS 
 Section 201 Forms Generally. 
 The Securities of each series shall be in substantially the form set forth in this
Article, or in such other form as shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are
required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary
therefor or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution thereof. If the form of Securities of any series is established by action taken pursuant to a Board Resolution, a
copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 303 for the
authentication and delivery of such Securities. 
 The definitive Securities shall be printed, lithographed or engraved on steel engraved
borders or may be produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities. 
 Section 202 Form of Face of Security. 
     [Insert any legend required by
the Internal Revenue Code and the regulations thereunder.] 
  

			
	 	 	  
  
 
		 	

			
	 No.             
	 	$         

 NetLogic Microsystems, Inc., a corporation duly organized and existing under the laws of Delaware
(herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
            , or registered assigns, the principal sum of              Dollars on
             [if the Security is to bear interest prior to Maturity, insert — and to pay interest thereon from
             or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on
             and              in each year, commencing
            , at the rate of         % per annum, until the principal hereof is paid or made available for payment, provided that any
principal and premium, and any such installment of interest, which is overdue shall bear interest at the rate of         % per annum (to the extent that the payment of such interest shall be legally

  

 15 

 
enforceable), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. The
interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest, which shall be the              or              (whether or
not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to
the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to
Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series
may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture]. [If the Security is not to bear interest prior to Maturity, insert — The principal of this Security shall not bear interest
except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal and any overdue premium shall bear interest at the rate of
        % per annum (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment. Interest on any
overdue principal or premium shall be payable on demand. Any such interest on overdue principal or premium which is not paid on demand shall bear interest at the rate of         % per annum (to the
extent that the payment of such interest on interest shall be legally enforceable), from the date of such demand until the amount so demanded is paid or made available for payment. Interest on any overdue interest shall be payable on demand.]

 Payment of the principal of (and premium, if any) and any such interest on this Security will be made at the office or agency of the
Company maintained for that purpose in             , in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and
private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have
the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred
to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  

 16 

 In Witness Whereof, the Company has caused this instrument to be duly executed under its corporate seal.

  

							
	 Dated:
	 	  
	  	NetLogic Microsystems, Inc.
				
		 		  	By:	 	  

				
		 		  	Title:	 	  

	Attest:	 		  		 	
			
	  
	  		 	
	Title:	 		  		 	

 Section 203 Form of Reverse of Security. 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of              (herein called the “Indenture”, which term shall have the meaning assigned to it in
such instrument), between the Company and             , as Trustee (herein called the “Trustee”, which term includes any successor trustee under the
Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee, the holders of Senior Debt and the Holders of the Securities and
of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof [if applicable, insert — limited in aggregate principal amount to
$        ]. 
 [If applicable, insert— The Securities of this series are subject to
redemption upon not less than 30 days’ notice by mail.] [If applicable, insert— (1) on              in any year commencing with the year
             and ending with the year              through operation of the sinking fund for this series at a
Redemption Price equal to 100% of the principal amount, and (2)] at any time [if applicable, insert — on or after             ], as a whole or in part, at the election of the
Company, at the following Redemption Prices (expressed as percentages of the principal amount): If redeemed [if applicable, insert— on or before             ,
        %, and if redeemed] during the 12-month period beginning             of the years indicated, 
  

							
	Year	    	Redemption Price	  	Year	    	Redemption Price

 and thereafter at a Redemption Price equal to
        % of the principal amount, together in the case of any such redemption [if applicable, insert — (whether through operation of the sinking fund or otherwise)] with accrued interest to the
Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant
Record Dates referred to on the face hereof, all as provided in the Indenture.] 
  

 17 

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

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

  
  
 and thereafter at a Redemption Price equal to         % of the principal amount, together in the case of
any such redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of
such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 
 [If applicable, insert — Notwithstanding the foregoing, the Company may not, prior to
            , redeem any Securities of this series as contemplated by [if applicable, insert — Clause (2) of] the preceding paragraph as a part of, or in anticipation of,
any refunding operation by the application, directly or indirectly, of moneys borrowed having an interest cost to the Company (calculated in accordance with generally accepted financial practice) of less than
             per annum.] 
 [If applicable, insert — The sinking fund
for this series provides for the redemption on              in each year beginning with the year              and
ending with the year              of [if applicable, insert — not less than $        (“mandatory sinking
fund”) and not more than] $         aggregate principal amount of Securities of this series. Securities of this series acquired or redeemed by the Company otherwise than through [if
applicable, insert — mandatory] sinking fund payments may be credited against subsequent [if applicable, insert — mandatory] sinking fund payments otherwise required to be made [if applicable, insert — , in the inverse order in which
they become due.] 
 [If the Security is subject to redemption of any kind, insert — In the event of redemption of this Security in part
only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.] 
 The indebtedness evidenced by this Security is, to the extent set forth in the Indenture, subordinate and subject in right of payment to the prior
payment in full in cash or Cash Equivalents of all Senior Debt, and this Security is issued subject to the provisions of the Indenture with respect thereto. Each Holder of this Security, by accepting the same, (a) agrees to and shall be bound
by such provisions, (b) authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination so provided and (c) appoints the Trustee his attorney-in-fact for any and all
such purposes. 
  

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 [If applicable, insert — The Indenture contains provisions for defeasance at any time of [the entire
indebtedness of this Security] [or] [certain restrictive covenants and Events of Default with respect to this Security] [, in each case] upon compliance with certain conditions set forth in the Indenture.] 
 [If the Security is not an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series shall occur
and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 
 [If the Security is an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series shall occur and be continuing, an amount of principal of the Securities of this
series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to — insert formula for determining the amount. Upon payment (i) of the amount of principal so declared due and
payable and (ii) of interest on any overdue principal, premium and interest (in each case to the extent that the payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the
principal of and premium and interest, if any, on the Securities of this series shall terminate.] 
 The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of more than 50% in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in
principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the
Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer
hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As
provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy
thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this
series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the
Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and
offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

  

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 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or
impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register,
upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The
Securities of this series are issuable only in registered form without coupons in denominations of $         and any integral multiple thereof. As provided in the Indenture and subject to certain
limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same.

 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for registration
of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company,
the Trustee nor any such agent shall be affected by notice to the contrary. 
 All terms used in this Security which are defined in the
Indenture shall have the meanings assigned to them in the Indenture. 
 Section 204 Form of Legend for Global Securities.

 Unless otherwise specified as contemplated by Section 301 for the Securities evidenced thereby, every Global Security
authenticated and delivered hereunder shall bear a legend in substantially the following form: 
 This Security is a Global Security within
the meaning of the Indenture hereinafter referred to and is registered in the name of a Depositary or a nominee thereof. This Security may not be exchanged in whole or in part for a Security registered, and no transfer of this Security in whole or
in part may be registered, in the name of any Person other than such Depositary or a nominee thereof, except in the limited circumstances described in the Indenture. 
 Section 205 Form of Trustee’s Certificate of Authentication. 
 The Trustee’s
certificates of authentication shall be in substantially the following form: 
  

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 This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture. 
  

			
		 	  

	 	 	As Trustee
		
	By:	 	  

		 	Authorized Officer

 ARTICLE THREE 
 THE SECURITIES 
 Section 301 Amount Unlimited; Issuable in Series. 
 The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to Section 303, set
forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series; 
  

	 	(a)	the title of the Securities of the series (which shall distinguish the Securities of the series from Securities of any other series); 

  

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

  

	 	(c)	the Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name that Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such interest; 

  

	 	(d)	the date or dates on which the principal of any Securities of the series is payable; 

  

	 	(e)	the rate or rates at which any Securities of the series shall bear interest, if any, the date or dates from which any such interest shall accrue, the Interest Payment Dates on which
any such interest shall be payable and the Regular Record Date for any such interest payable on any Interest Payment Date; 

  

 21 

	 	(f)	the place or places where the principal of and any premium and interest on any Securities of the series shall be payable; 

  

	 	(g)	the period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series may be redeemed, in whole or in part, at the
option of the Company and, if other than by a Board Resolution, the manner in which any election by the Company to redeem the Securities shall be evidenced; 

  

	 	(h)	the obligation, if any, of the Company to redeem or purchase any Securities of the series pursuant to any sinking fund or analogous provisions or at the option of the Holder thereof
and the period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 

  

	 	(i)	if other than denominations of $1,000 and any integral multiple thereof, the denominations in which any Securities of the series shall be issuable; 

  

	 	(j)	if the amount of principal of or any premium or interest on any Securities of the series may be determined with reference to an index or pursuant to a formula, the manner in which
such amounts shall be determined; 

  

	 	(k)	if other than the currency of the United States of America, the currency, currencies or currency units in which the principal of or any premium or interest on any Securities of the
series shall be payable and the manner of determining the equivalent thereof in the currency of the United States of America for any purpose, including for purposes of the definition of Outstanding in Section 101; 

  

	 	(l)	if the principal of or any premium or interest on any Securities of the series is to be payable, at the election of the Company or the Holder thereof, in one or more currencies or
currency units other than that or those in which such Securities are stated to be payable, the currency, currencies or currency units in which the principal of or any premium or interest on such Securities as to which such election is made shall be
payable, the periods within which and the terms and conditions upon which such election is to be made and the amount so payable (or the manner in which such amount shall be determined); 

  

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

  

	 	(n)	if the principal amount payable at the Stated Maturity of any Securities of the series will not be determinable as of any one or more dates prior to the Stated Maturity, the amount
which shall be deemed to be the principal amount of such Securities as of any such date for any purpose thereunder or hereunder, including the principal amount thereof which shall be due and payable upon any Maturity other than the Stated Maturity
or which shall be deemed to be Outstanding as of any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the principal amount shall be determined); 

  

 22 

	 	(o)	if applicable, that the Securities of the series, in whole or any specified part, shall be defeasible pursuant to Section 1302 or Section 1303 or both such Sections and,
if other than by a Board Resolution, the manner in which any election by the Company to defease such Securities shall be evidenced; 

  

	 	(p)	if applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities and, in such case, the respective Depositaries
for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or in lieu of that set forth in Section 204 and any circumstances in addition to or in lieu of those set forth in
Clause (2) of the last paragraph of Section 305 in which any such Global Security may be exchanged in whole or in part for Securities registered, and any transfer of such Global Security in whole or in part may be registered, in the name
or names of Persons other than the Depositary for such Global Security or a nominee thereof; 

  

	 	(q)	any addition to or change in the Events of Default which applies to any Securities of the series and any change in the right of the Trustee or the requisite Holders of such
Securities to declare the principal amount thereof due and payable pursuant to Section 502; 

  

	 	(r)	any addition to or change in the covenants set forth in Article Ten which applies to Securities of the series; 

  

	 	(s)	if applicable, that the Securities of the series are convertible into or exchangeable for Common Stock or other securities of the Company, the period or periods within which, the
price or prices at which and the terms and conditions upon which, and the limitations and restrictions, if any, upon which, any Securities of the series shall be convertible or exchangeable, in whole or in part, into Common Stock or other securities
of the Company; and 

  

	 	(t)	any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by Section 901(e)). 

 All Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the
Board Resolution referred to above and (subject to Section 303) set forth, or determined in the manner provided, in the Officers’ Certificate referred to above or in any such indenture supplemental hereto. 
 If any of the terms of the series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be
certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of the series. 
  

 23 

 Section 302 Denominations. 
 The Securities of each series shall be issuable only in registered form without coupons and only in such denominations as shall be specified as
contemplated by Section 301. In the absence of any such specified denomination with respect to the Securities of any series, the Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof.

 Section 303 Execution, Authentication, Delivery and Dating. 
 The Securities shall be executed on behalf of the Company by its Chairman of the Board, its President or one of its Vice Presidents, under its corporate
seal reproduced thereon attested by its Secretary or one of its Assistant Secretaries. The signature of any of these officers on the Securities may be manual or facsimile. 
 Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company,
notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the
Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such Securities. If the form or
terms of the Securities of the series have been established by or pursuant to one or more Board Resolutions as permitted by Sections 201 and 301, in authenticating such Securities, and accepting the additional responsibilities under this Indenture
in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating, 
 (a) if the form of such Securities has been established by or pursuant to Board Resolution as permitted by Section 201, that such form has been
established in conformity with the provisions of this Indenture; 
 (b) if the terms of such Securities have been established by or pursuant
to Board Resolution as permitted by Section 301, that such terms have been established in conformity with the provisions of this Indenture; and 
 (c) that such Securities, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally
binding obligations of the Company enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’
rights and to general equity principles. 
 If such form or terms have been so established, the Trustee shall not be required to authenticate
such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the
Trustee. 
  

 24 

 Notwithstanding the provisions of Section 301 and of the preceding paragraph, if all Securities of a
series are not to be originally issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 301 or the Company Order and Opinion of Counsel otherwise required pursuant to such
preceding paragraph at or prior to the authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued. 
 Each Security shall be dated the date of its authentication. 
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for
herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if
any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 309, for all purposes of this
Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 
 Section 304 Temporary Securities. 
 Pending the preparation of definitive Securities of any
series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially
of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution
of such Securities. 
 If temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be
prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of
such series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee
shall authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, the temporary Securities of any series
shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and tenor. 
 Section 305 Registration, Registration of Transfer and Exchange. 
 The Company shall cause to be kept at the Corporate
Trust Office of the Trustee a register (the register maintained in such office and in any other office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the “Security Register”)
in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The Trustee is hereby appointed “Security Registrar” for the
purpose of registering Securities and transfers of Securities as herein provided. 
  

 25 

 Upon surrender for registration of transfer of any Security of a series at the office or agency of the
Company in a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series, of any authorized
denominations and of like tenor and aggregate principal amount. 
 At the option of the Holder, Securities of any series may be exchanged for
other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for
exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the
Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of
transfer or for exchange shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed, by the Holder thereof
or his attorney duly authorized in writing. 
 No service charge shall be made for any registration of transfer or exchange of Securities,
but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304,
906 or 1107 not involving any transfer. 
 If the Securities of any series (or of any series and specified tenor) are to be redeemed in part,
the Company shall not be required (a) to issue, register the transfer of or exchange any Securities of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before
the day of the mailing of a notice of redemption of any such Securities selected for redemption under Section 1103 and ending at the close of business on the day of such mailing, or (b) to register the transfer of or exchange any Security
so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
 The provisions of
clauses (a), (b), (c) and (d) below shall apply only to Global Securities: 
 (a) Each Global Security authenticated under this
Indenture shall be registered in the name of the Depositary designated for such Global Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single
Security for all purposes of this Indenture. 
 (b) Notwithstanding any other provision in this Indenture, no Global Security may be
exchanged in whole or in part for Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof unless
(i) such Depositary (A) has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security or (B) has ceased to be a clearing agency registered under the Exchange Act, (ii) there shall have
occurred and be continuing an Event of Default with respect to such Global Security or (iii) there shall exist such circumstances, if any, in addition to or in lieu of the foregoing as have been specified for this purpose as contemplated by
Section 301. 
  

 26 

 (c) Subject to Clause (b) above, any exchange of a Global Security for other Securities may be made
in whole or in part, and all Securities issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct. 
 (d) Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or any portion
thereof, whether pursuant to this Section, Section 304, 306, 906 or 1107 or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Security is registered in the name of a Person other than
the Depositary for such Global Security or a nominee thereof. 
 Section 306 Mutilated, Destroyed, Lost and Stolen Securities.

 If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in
exchange therefor a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 If there shall be delivered to the Company and the Trustee (a) evidence to their satisfaction of the destruction, loss or theft of any Security and (b) such security or indemnity as may be required by them to save each of them and
any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of
any such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may,
instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security under this Section, the Company may require
the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 
 Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and
all other Securities of that series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
  

 27 

 Section 307 Payment of Interest; Interest Rights Preserved. 
 Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security which is payable, and
is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such
interest. 
 Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest
Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the
Company, at its election in each case, as provided in clause (a) or (b) below: 
 (a) The Company may elect to make payment of any
Defaulted Interest to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be
fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Security of such series and the date of the proposed payment, and at the same time 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
be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify 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 given to each Holder of Securities of such series in the manner
set forth in Section 106, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to
the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (b).

 (b) The Company may make payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent
with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this Clause,
such manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section, each Security
delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 
  

 28 

 Section 308 Persons Deemed Owners. 
 Prior to due presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of and any premium and (subject to Section 307) any interest on such Security and for all other purposes
whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 
 Section 309 Cancellation. 
 All
Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly
cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to
any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities
shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of as directed by a Company
Order. 
 Section 310 Computation of Interest. 
 Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

 ARTICLE FOUR 
 SATISFACTION AND DISCHARGE 
 Section 401 Satisfaction and Discharge of Indenture. 
 This Indenture shall upon Company Request cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of
Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 
 (a) either: 
 (i) all Securities theretofore
authenticated and delivered (other than (A) Securities which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306 and (B) Securities for whose payment money has theretofore been deposited
in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or 
  

 29 

 (ii) all such Securities not theretofore delivered to the Trustee for cancellation (A) have become
due and payable, or (B) will become due and payable at their Stated Maturity within one year, or (C) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by
the Trustee in the name, and at the expense, of the Company, and the Company, in the case of (A), (B) or (C) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose money in an amount
sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and any premium and interest to the date of such deposit (in the case of Securities which have become
due and payable) or to the Stated Maturity or Redemption Date, as the case may be. 
 (b) the Company has paid or caused to be paid all other
sums payable hereunder by the Company; and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 607, the obligations of the Trustee to any Authenticating Agent under Section 614
and, if money shall have been deposited with the Trustee pursuant to subclause (ii) of clause (a) of this Section, the obligations of the Trustee under Section 402 and the last paragraph of Section 1003 shall survive. 

Section 402 Application of Trust Money. 
 Subject to the provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of
the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and
interest for whose payment such money has been deposited with the Trustee. 
 ARTICLE FIVE 
 REMEDIES 
 Section 501 Events of
Default. 
 “Event of Default”, wherever used herein with respect to Securities of any series, means any one of
the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body): 
  

 30 

 (a) default in the payment of any interest upon any Security of that series when it becomes due and
payable, and continuance of such default for a period of 30 days; or 
 (b) default in the payment of the principal of or any premium on any
Security of that series at its Maturity; or 
 (c) default in the deposit of any sinking fund payment, when and as due by the terms of a
Security of that series; or 
 (d) default in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other
than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of series of Securities other than that
series), and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal
amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 
 (e) the entry by a court having jurisdiction in the premises of 
 (i) a decree or order for relief in respect of the Company or any Restricted Subsidiary in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other
similar law; or 
 (ii) a decree or order adjudging the Company or any such Restricted Subsidiary a bankrupt or insolvent, or approving as
properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company or any such Restricted Subsidiary under any applicable Federal or State law, or appointing a custodian, receiver, liquidator,
assignee, trustee, sequestrator or other similar official of the Company or any such Restricted Subsidiary or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree
or order for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or 
 (f) the commencement
by the Company or any Restricted Subsidiary of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or
insolvent, or the consent by the Company or any such Restricted Subsidiary to the entry of a decree or order for relief in respect of the Company or any such Restricted Subsidiary in an involuntary case or proceeding under any applicable Federal or
State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against the Company or any such Restricted Subsidiary, or the filing by the Company or any such Restricted
Subsidiary of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by the Company or any such Restricted Subsidiary to the filing of such petition or to the appointment of or
taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or any such Restricted Subsidiary or of any substantial part of the property of the Company or any such Restricted
Subsidiary, or the making by the Company or any such Restricted Subsidiary of an assignment for the benefit of creditors, or the 

  

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admission by the Company or any such Restricted Subsidiary in writing of its inability to pay its debts generally as they become due, or the taking of
corporate action by the Company or any such Restricted Subsidiary in furtherance of any such action; or 
 (g) any other Event of Default
provided with respect to Securities of that series. 
 Section 502 Acceleration of Maturity; Rescission and Annulment.

 If an Event of Default (other than an Event of Default specified in Section 501(e) or 501(f)) with respect to Securities of any
series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal amount of all the Securities
of that series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified by the terms thereof) to be due and payable immediately, by a notice in writing
to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable. If an Event of Default specified in clause (e) or (f) of
Section 501 with respect to Securities of any series at the time Outstanding occurs, the principal amount of all the Securities of that series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the
principal amount of such Securities as may be specified by the terms thereof) shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and payable. 
 At any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment
of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of that series, by written notice to the Company and the Trustee, may waive any
existing Event of Default and its consequences under this Indenture except a continuing Event of Default in payment of interest or premium on, or the principal of, the Notes. 
 No such rescission shall affect any subsequent default or impair any right consequent thereon. 
 The Trustee shall not be required to act upon an Event of Default unless it has actual knowledge of such Event of Default. 
 Section 503 Collection of Indebtedness and Suits for Enforcement by Trustee. 
 The Company covenants that if: 
 (a) default
is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues for a period of 30 days, or 
 (b) default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
Securities, the whole amount then due and payable on such Securities for principal and any premium and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and premium and on any
overdue interest, at 

  

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the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
 If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such
appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted
herein, or to enforce any other proper remedy. 
 Section 504 Trustee May File Proofs of Claim. 
 In case of any judicial proceeding relative to the Company (or any other obligor upon the Securities), its property or its creditors, the Trustee shall be
entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in order to have claims of the Holders and the Trustee allowed in any such proceeding. In particular, the
Trustee shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it
for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607. 
 No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of
reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding; provided, however, that the Trustee
may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 
 Section 505 Trustee May Enforce Claims Without Possession of Securities. 
 All rights of action
and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the
Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel,
be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 
 Section 506
Application of Money Collected. 
 Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at
the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon
surrender thereof if fully paid: 
  

 33 

 FIRST: To the payment of all amounts due the Trustee under Section 607; 
 [IF SUBORDINATED INDENTURE: SECOND: To the extent provided in Article Fourteen, to the holders of Senior Debt of the Company in accordance with Article
Fourteen;] and 
 THIRD: To the payment of the amounts then due and unpaid for principal of and any premium and interest on the Securities in
respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and any premium and interest, respectively.

 Section 507 Limitation on Suits. 
 No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy
hereunder, unless 
 (a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the
Securities of that series; 
 (b) the Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall
have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (c) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 

(e) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in
principal amount of the Outstanding Securities of that series; 
 it being understood and intended that no one or more of such Holders shall have any right
in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders
or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders. 
 Section 508 Unconditional Right of Holders to Receive Principal, Premium and Interest. 
 Notwithstanding any other
provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium and (subject to Section 307) interest on such Security on the respective
Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

 

 34 

 Section 509 Restoration of Rights and Remedies. 
 If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued
or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and
respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
 Section 510 Rights and Remedies Cumulative. 
 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 306, no right or remedy herein conferred upon or
reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or
now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 511 Delay or Omission Not Waiver. 
 No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event
of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case
may be. 
 Section 512 Control by Holders. 
 The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee,
or exercising any trust or power conferred on the Trustee, with respect to the Securities of such series, provided that 
 (a) such direction
shall not be in conflict with any rule of law or with this Indenture; and 
 (b) the Trustee may take any other action deemed proper by the
Trustee which is not inconsistent with such direction. 
 Section 513 Waiver of Past Defaults. 
 The Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities
of such series waive any past default hereunder with respect to such series and its consequences, except a default 
 (a) in the payment of
the principal of or any premium or interest on any Security of such series; or 
  

 35 

 (b) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended
without the consent of the Holder of each Outstanding Security of such series affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this
Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 
 Section 514
Undertaking for Costs. 
 In any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee
for any action taken, suffered or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the manner and to the
extent provided in the Trust Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Company.

 Section 515 Waiver of Usury, Stay or Extension Laws. 
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or
take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do
so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as
though no such law had been enacted. 
 ARTICLE SIX 
 THE TRUSTEE 
 Section 601 Certain Duties and Responsibilities. 
 The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture Act. Notwithstanding the foregoing, no provision of this
Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds
for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the
liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
 Section 602 Notice of
Defaults. 
 If a default occurs hereunder with respect to Securities of any series, the Trustee shall give the Holders of Securities of
such series notice of such default as and to the extent provided by the Trust Indenture Act; provided, however, that in the case of any default of the character specified in clause (d) of Section 501 with respect to Securities of such
series, no such notice to Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both
would become, an Event of Default with respect to Securities of such series. 
  

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 Section 603 Certain Rights of Trustee. 
 Subject to the provisions of Section 601: 
 (a) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence
of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; 
 (b) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order, and any resolution of the Board of Directors shall be sufficiently evidenced by a Board Resolution;

 (c) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to
taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate; 
 (d) the Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be full and complete authorization and
protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 
 (e) the Trustee
shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable
security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other
evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or
investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney; and 
 (g)
the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or
attorney appointed with due care by it hereunder. 
 Section 604 Not Responsible for Recitals or Issuance of Securities.

 The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the
statements of the Company, and neither the Trustee nor any 

  

 37 

 
Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this
Indenture or of the Securities. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof. 
 Section 605 May Hold Securities. 
 The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 608 and 613,
may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent. 
 Section 606 Money Held in Trust. 
 Money held by the Trustee in trust hereunder need not be
segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 
 Section 607 Compensation and Reimbursement. 
 The Company agrees 
 (a) to pay to the Trustee from time to time reasonable compensation for all services
rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
 (b) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of
this Indenture including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its negligence or bad faith; and 
 (c) to indemnify the Trustee for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on its part,
arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its
powers or duties hereunder. 
 Section 608 Conflicting Interests. 
 If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest
or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by such Act, the Trustee shall not be deemed to have a conflicting interest by virtue of
being a trustee under this Indenture with respect to Securities of more than one series [or a trustee under — list here any prior indentures between the Company and the Trustee that have not been satisfied and discharged and that may be
excluded by the proviso to Section 310(b)(1) of the Trust Indenture Act]. 
  

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 Section 609 Corporate Trustee Required; Eligibility. 
 There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for
Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, and has a combined capital and surplus of at least
$        and has its Corporate Trust Office in the Borough of Manhattan, The City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements
of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set
forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the
manner and with the effect hereinafter specified in this Article. 
 Section 610 Resignation and Removal; Appointment of Successor.

 No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective
until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 611. 
 The
Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 611 shall not have been delivered to
the Trustee within 30 days after the giving 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 the Securities of such series. 

The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series, delivered to the Trustee and to the Company. 
 If at any time: 
 (a) the Trustee shall fail to comply with Section 608 after written request therefor by the Company or by any Holder who has been a bona fide Holder
of a Security for at least six months; or 
 (b) the Trustee shall cease to be eligible under Section 609 and shall fail to resign after
written request therefor by the Company or by any such Holder; or 
 (c) the Trustee shall become incapable of acting or shall be adjudged a
bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation,
then, in any such case, (A) the Company by a Board Resolution may remove the Trustee with respect to all Securities, or (B) subject to Section 514, any Holder who has been a bona fide Holder of a Security for at least six months may,
on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 
  

 39 

 If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the
office of Trustee for any cause, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being
understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall
comply with the applicable requirements of Section 611. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed
by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in
accordance with the applicable requirements of Section 611, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with
respect to the Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 611, any Holder who has been a bona fide Holder of a Security of such series for at
least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
 The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a
successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in Section 106. Each notice shall include the name of the successor Trustee with respect to the Securities of such
series and the address of its Corporate Trust Office. 
 Section 611 Acceptance of Appointment by Successor. 
 In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall execute,
acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act,
deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and
deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee
hereunder. 
 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
(a) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates, (b) if the 

  

 40 

 
retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all
the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (c) shall add to or
change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution
and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested
with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such
retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor
Trustee relates. 
 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 the first or second preceding paragraph, as the case may be. 
 No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this
Article. 
 Section 612 Merger, Conversion, Consolidation or Succession to Business. 
 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation
shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the
Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities. 
 Section 613 Preferential Collection of Claims Against Company. 
 If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject to the
provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 
 Section 614 Appointment of Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents with
respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities 

  

 41 

 
of such series issued upon original issue and upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 306, and
Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and
delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication
executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State
thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $         and subject to supervision or examination
by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined
capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance
with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 
 Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such
Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible
under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such
Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the
Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give notice of such appointment in the manner provided in Section 106 to all Holders of Securities of the series with respect to which such
Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an
Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
 The
Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section, and the Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 607.

 If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed
thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 
  

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 This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture. 
  

			
		 	  

	 	 	As Trustee
		
	By	 	  

		 	As Authenticating Agent
		
	By	 	  

		 	Authorized Officer

 ARTICLE SEVEN 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 Section 701 Company to Furnish
Trustee Names and Addresses of Holders. 
 The Company will furnish or cause to be furnished to the Trustee 
 (a) semi-annually, not later than January 15 and July 15 in each year, a list, in such form as the Trustee may reasonably require, of the names
and addresses of the Holders of Securities of each series as of the preceding December 31 or June 30, as the case may be, and 
 (b) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is
furnished; 
 excluding from any such list names and addresses received by the Trustee in its capacity as Security Registrar. 
 Section 702 Preservation of Information; Communications to Holders. 
 The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list
furnished to the Trustee as provided in Section 701 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 701 upon
receipt of a new list so furnished. 
 The rights of Holders to communicate with other Holders with respect to their rights under this
Indenture or under the Securities, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 
 Every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of
information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 
  

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 Section 703 Reports by Trustee. 
 The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust
Indenture Act at the times and in the manner provided pursuant thereto. 
 A copy of each such report shall, at the time of such transmission
to Holders, be filed by the Trustee with each stock exchange upon which any Securities are listed, with the Commission and with the Company. The Company will notify the Trustee when any Securities are listed on any stock exchange. 
 Section 704 Reports by Company. 
 The Company shall file with the Trustee and the Commission, and transmit to Holders, such information, documents and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the
manner provided pursuant to such Act; provided that any such information, documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the
same is so required to be filed with the Commission. 
 ARTICLE EIGHT 
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
 Section 801
Company May Consolidate, Etc., Only on Certain Terms. 
 The Company shall not consolidate with or merge into any other Person or convey,
transfer or lease its properties and assets substantially as an entirety to any Person, and the Company shall not permit any Person to consolidate with or merge into the Company or convey, transfer or lease its properties and assets substantially as
an entirety to the Company, unless: 
 (a) in case the Company shall consolidate with or merge into another Person or convey, transfer or
lease its properties and assets substantially as an entirety to any Person, the Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and
assets of the Company substantially as an entirety shall be a corporation, partnership, limited liability company or trust, shall be organized and validly existing under the laws of the United States of America, any State thereof or the District of
Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of and any premium and interest on all the Securities
and the performance or observance of every covenant of this Indenture on the part of the Company to be performed or observed; 
 (b)
immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Company or any Subsidiary as a result of such transaction as having been incurred by the Company or such Subsidiary at the time of
such transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing; 
  

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 (c) if, as a result of any such consolidation or merger or such conveyance, transfer or lease, properties
or assets of the Company would become subject to a mortgage, pledge, lien, security interest or other encumbrance which would not be permitted by this Indenture, the Company or such successor Person, as the case may be, shall take such steps as
shall be necessary effectively to secure the Securities equally and ratably with (or prior to) all indebtedness secured thereby; and 
 (d)
the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such
transaction, such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction been complied with. 
 Section 802 Successor Substituted. 
 Upon any consolidation of the Company with, or merger of the
Company into, any other Person or any conveyance, transfer or lease of the properties and assets of the Company substantially as an entirety in accordance with Section 801, the successor Person formed by such consolidation or into which the
Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been
named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities. 
 ARTICLE NINE 
 SUPPLEMENTAL INDENTURES 
 Section 901 Supplemental Indentures Without Consent of Holders. 
 Without the consent of any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form
satisfactory to the Trustee, for any of the following purposes: 
 (a) to evidence the succession of another Person to the Company and the
assumption by any such successor of the covenants of the Company herein and in the Securities; or 
 (b) to add to the covenants of the
Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such
series) or to surrender any right or power herein conferred upon the Company; or 
 (c) to add any additional Events of Default for the
benefit of the Holders of all or any series of Securities (and if such additional Events of Default are to be for the benefit of less than all series of Securities, stating that such additional Events of Default are expressly being included solely
for the benefit of such series); or 
  

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 (d) to add to or change any of the provisions of this Indenture to such extent as shall be necessary to
permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance of Securities in uncertificated form; or 
 (e) to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Securities, provided that any such
addition, change or elimination (i) shall neither (A) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (B) modify the rights of the
Holder of any such Security with respect to such provision or (ii) shall become effective only when there is no such Security Outstanding; or 
 (f) to establish the form or terms of Securities of any series as permitted by Sections 201 and 301; or 
 (g) to evidence and
provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 611; or 
 (h) to cure any
ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such
action pursuant to this clause (h) shall not adversely affect the interests of the Holders of Securities of any series in any material respect. 
 Section 902 Supplemental Indentures With Consent of Holders. 
 With the consent of the Holders of
not less than a majority in principal amount of the Outstanding Securities of each series affected by such supplemental indenture, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution,
and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of
the Holders of Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby, 
 (a) change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce the principal amount
thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security or any other Security which would be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 502, or change any Place of Payment where, or the coin or currency in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or modify the provisions of this Indenture with respect to the subordination of the Securities in a manner
materially adverse to the Holders; or 
  

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 (b) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of
whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in
this Indenture; or 
 (c) modify any of the provisions of this Section, Section 513 or Section 1009, except to increase any such
percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to require
the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section and Section 1009, or the deletion of this proviso, in accordance with the requirements of
Section 611 and clause (h) of Section 901. 
 A supplemental indenture which changes or eliminates any covenant or other
provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other
provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 
 It shall not be
necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 Section 903 Execution of Supplemental Indentures. 
 In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to
receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be
obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Section 904 Effect of Supplemental Indentures. 
 Upon the execution of any supplemental indenture
under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered
hereunder shall be bound thereby. 
 Section 905 Conformity with Trust Indenture Act. 
 Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 
  

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 Section 906 Reference in Securities to Supplemental Indentures. 
 Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required
by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee
and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 
 ARTICLE TEN 
 COVENANTS

 Section 1001 Payment of Principal, Premium and Interest. 
 The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and
interest on the Securities of that series in accordance with the terms of the Securities and this Indenture. 
 Section 1002
Maintenance of Office or Agency. 
 The Company will maintain in each Place of Payment for any series of Securities an office or agency
where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the
Securities of that series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any
such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 The Company may also from time to time designate
one or more other offices or agencies where the Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or
rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such
designation or rescission and of any change in the location of any such other office or agency. 
 Section 1003 Money for Securities
Payments to Be Held in Trust. 
 If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it
will, on or before each due date of the principal of or any premium or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any
premium and interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 
  

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 Whenever the Company shall have one or more Paying Agents for any series of Securities, it will, prior to
each due date of the principal of or any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent
is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. The Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in
which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will (1) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and (2) during the
continuance of any default by the Company (or any other obligor upon the Securities of that series) in the making of any payment in respect of the Securities of that series, upon the written request of the Trustee, forthwith pay to the Trustee all
sums held in trust by such Paying Agent for payment in respect of the Securities of that series. 
 The Company may at any time, for the purpose of obtaining
the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon
the same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money.

 Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of or any
premium or interest on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be
discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and
all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in a
newspaper published in the English language, customarily published on each Business Day and of general circulation in             , notice that such money remains unclaimed and that,
after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
 Section 1004 Statement by Officers as to Default. 
 The Company will deliver to the Trustee, within 120 days after the end of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate, stating whether or not to the best knowledge of
the signers thereof the Company is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if the Company
shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. 
  

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 Section 1005 Existence. 
 Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence, rights
(charter and statutory) and franchises; provided, however, that the Company shall not be required to preserve any such right or franchise if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct
of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders. 
 Section 1006 Maintenance of Properties. 
 The Company will cause all properties used or useful in the conduct of its
business or the business of any Restricted Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements,
betterments and improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this
Section shall prevent the Company or any Restricted Subsidiary from discontinuing the operation or maintenance of any of such properties if such discontinuance is, in the judgment of the Company or such Restricted Subsidiary, desirable in the
conduct of its business or the business of any such Restricted Subsidiary and not disadvantageous in any material respect to the Holders. 
 Section 1007 Payment of Taxes and Other Claims. 
 The Company will pay or discharge or cause to be paid or discharged,
before the same shall become delinquent, (a) all taxes, assessments and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any of its Restricted Subsidiaries, and
(b) all lawful claims for labor, materials and supplies which, if unpaid, might by law become a lien upon the property of the Company or any of its Restricted Subsidiaries; provided, however, that the Company or such Restricted Subsidiary shall
not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 
 Section 1008 Maintenance of Insurance. 
 The Company shall, and shall cause its Restricted Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the
extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice. The Company shall, and shall cause its Restricted Subsidiaries to, use the
proceeds from any such insurance policy to repair, replace or otherwise restore the property to which such proceeds relate. 
 Section 1009 Waiver of Certain Covenants. 
 Except as otherwise specified as contemplated by Section 301 for
Securities of such series, the Company may, with respect to the Securities of any series, omit in any particular instance to comply with any term, provision or condition set forth in any covenant provided pursuant to clause (r) of
Section 301 or clause (b) or (g) of Section 901 for the benefit of the Holders of such series or in 

  

 50 

 
any of Sections 1005 to 1007, inclusive, if before the time for such compliance the Holders of at least a majority in principal amount of the Outstanding
Securities of such series shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or
condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and
effect. 
 ARTICLE ELEVEN 
 OPTIONAL REDEMPTION OF SECURITIES 
 Section 1101 Applicability of Article. 
 Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise
specified as contemplated by Section 301 for such Securities) in accordance with this Article. 
 Section 1102 Election to
Redeem; Notice to Trustee. 
 The election of the Company to redeem any Securities shall be evidenced by a Board Resolution or in another
manner specified as contemplated by Section 301 for such Securities. In case of any redemption at the election of the Company of less than all the Securities of any series (including any such redemption affecting only a single Security), the
Company shall, at least 45 days prior to but no more than 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount
of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such
Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction. 
 Section 1103 Selection by Trustee of Securities to Be Redeemed. 
 If less than all the Securities
of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are to be redeemed or unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not less
than 30 days nor more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide
for the selection for redemption of a portion of the principal amount of any Security of such series, provided that the unredeemed portion of the principal amount of any Security shall be in an authorized denomination (which shall not be less than
the minimum authorized denomination) for such Security. If less than all the Securities of such series and of a specified tenor are to be redeemed (unless such redemption affects only a single Security), the particular Securities to be redeemed
shall be selected not less than 30 days nor more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series and specified tenor not previously called for redemption in accordance with the preceding
sentence. 
  

 51 

 The Trustee shall promptly notify the Company in writing of the Securities selected for redemption as
aforesaid and, in case of any Securities selected for partial redemption as aforesaid, the principal amount thereof to be redeemed. 
 The
provisions of the two preceding paragraphs shall not apply with respect to any redemption affecting only a single Security, whether such Security is to be redeemed in whole or in part. In the case of any such redemption in part, the unredeemed
portion of the principal amount of the Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. 
 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the
case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed. 
 Section 1104 Notice of Redemption. 
 Notice of redemption shall be given by first-class mail,
postage prepaid, mailed not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at his address appearing in the Security Register. 
 All notices of redemption shall state: 
 (a)
the Redemption Date; 
 (b) the Redemption Price; 
 (c) if less than all the Outstanding Securities of any series consisting of more than a single Security are to be redeemed, the identification (and, in the case of partial redemption of any such Securities, the
principal amounts) of the particular Securities to be redeemed and, if less than all the Outstanding Securities of any series consisting of a single Security are to be redeemed, the principal amount of the particular Security to be redeemed;

 (d) that on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed and, if
applicable, that interest thereon will cease to accrue on and after said date; 
 (e) that on the Redemption Date, if such is the case, the
right of the holders of each such Security to convert the Securities shall terminate; 
 (f) the place or places where each such Security is
to be surrendered for payment of the Redemption Price; and 
 (g) that the redemption is for a sinking fund, if such is the case. 

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

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 Section 1105 Deposit of Redemption Price. 
 Prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent,
segregate and hold in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities which are to be
redeemed on that date. 
 Section 1106 Securities Payable on Redemption Date. 
 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for
redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that, unless otherwise specified as contemplated by
Section 301, installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the
relevant Record Dates according to their terms and the provisions of Section 307. 
 If any Security called for redemption shall not be
so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
 Section 1107 Securities Redeemed in Part. 
 Any Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form
satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without
service charge, a new Security or Securities of the same series and of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the
Security so surrendered. 
 ARTICLE TWELVE 
 SINKING FUNDS 
 Section 1201 Applicability of Article. 
 The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of any series except as otherwise specified as
contemplated by Section 301 for such Securities. 
  

 53 

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

 The Company (1) may deliver Outstanding Securities of a series (other than any previously called for redemption) and (2) may
apply as a credit Securities of a series which 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 any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such
Securities; provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at the Redemption Price, as specified in the Securities
so to be redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 
 Section 1203 Redemption of Securities for Sinking Fund. 
 Not less than 30 days prior to each sinking fund payment date
for any Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which
is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities pursuant to Section 1202 and will also deliver to the Trustee any Securities to be so delivered. Not less
than 15 days prior to each such sinking fund payment date, the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause notice of the redemption thereof to be given
in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 1106 and 1107.

 ARTICLE THIRTEEN 
 DEFEASANCE AND COVENANT DEFEASANCE 
 Section 1301 Company’s Option to Effect Defeasance or Covenant Defeasance.

 The Company may elect, at its option at any time, to have Section 1302 or Section 1303 applied to any Securities or any
series of Securities, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such Section 1302 or 1303, in accordance with any applicable requirements provided pursuant to Section 301 and upon
compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 301 for such Securities. 
  

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 Section 1302 Defeasance and Discharge. 
 Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case may be,
the Company shall be deemed to have been discharged from its obligations, with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter called
“Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and to have satisfied all its other obligations under
such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), subject to the following which shall survive until otherwise
terminated or discharged hereunder: (a) the rights of Holders of such Securities to receive, solely from the trust fund described in Section 1304 and as more fully set forth in such Section, payments in respect of the principal of and any
premium and interest on such Securities when payments are due, (b) the Company’s obligations with respect to such Securities under Sections 304, 305, 306, 1002 and 1003, (c) the rights, powers, trusts, duties and immunities of the
Trustee hereunder and (d) this Article. Subject to compliance with this Article, the Company may exercise its option (if any) to have this Section applied to any Securities notwithstanding the prior exercise of its option (if any) to have
Section 1303 applied to such Securities. 
 Section 1303 Covenant Defeasance. 
 Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case may be,
(a) the Company shall be released from its obligations under clause (c) of Section 801, Sections 1006 through 1008, inclusive, and any covenants provided pursuant to clause (r) of Section 301 or clause (b) or
(g) of Section 901 for the benefit of the Holders of such Securities; and (b) the occurrence of any event specified in clause (d) of Section 501 (with respect to any of clause (c) of Section 801, Sections 1006
through 1008, inclusive, and any such covenants provided pursuant to clause (r) of Section 301 or clause (b) or (g) of Section 901 shall be deemed not to be or result in an Event of Default, in each case will respect to such
Securities as provided in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that, with
respect to such Securities, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified Section (to the extent so specified in the case of clause (d) of
Section 501), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or Article or by reason of any reference in any such Section or Article to any other provision herein or in any other document, but the
remainder of this Indenture and such Securities shall be unaffected thereby. 
 Section 1304 Conditions to Defeasance or Covenant
Defeasance. 
 The following shall be the conditions to the application of Section 1302 or Section 1303 to any Securities or any
series of Securities, as the case may be: 
  

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 (a) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another
trustee which satisfies the requirements contemplated by Section 609 and agrees to comply with the provisions of this Article applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as
security for, and dedicated solely to, the benefits of the Holders of such Securities, (i) money in an amount, or (ii) U.S. Government Obligations which through the scheduled payment of principal and interest in respect thereof in
accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (iii) a combination thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee) to pay and discharge, the principal of and any premium
and interest on such Securities on the respective Stated Maturities, in accordance with the terms of this Indenture and such Securities. As used herein, “U.S. Government Obligation” means (x) any security which is
(i) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or
instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case (i) or (ii), is not callable or redeemable at the
option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any U.S. Government Obligation which is specified in Clause (x) above and
held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and held, provided that (except as required by
law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal
or interest evidenced by such depositary receipt. 
 (b) In the event of an election to have Section 1302 apply to any Securities or any
series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or
(ii) since the date of this instrument, there has been a change in the applicable Federal income tax law, in either case (i) or (ii) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities
will not recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and
at the same times as would be the case if such deposit, Defeasance and discharge were not to occur. 
 (c) In the event of an election to
have Section 1303 apply to any Securities or any series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss
for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the
case if such deposit and Covenant Defeasance were not to occur. 
  

 56 

 (d) The Company shall have delivered to the Trustee an Officer’s Certificate to the effect that
neither such Securities nor any other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit. 
 (e) No event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such Securities or any other Securities shall have occurred and be continuing at the time of such
deposit or, with regard to any such event specified in clause (e) or (f) of Section 501, at any time on or prior to the 90th day after the date of such deposit (it being understood that this condition shall not be deemed satisfied
until after such 90th day). 
 (f) Such Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within
the meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act). 
 (g) Such Defeasance or
Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any material agreement or instrument to which the Company or any of its Restricted Subsidiaries is a party or by which it is bound. 
 (h) Such Defeasance or Covenant Defeasance shall not result in the trust arising from such deposit constituting an investment company within the meaning
of the Investment Company Act unless such trust shall be registered under such Act or exempt from registration thereunder. 
 (i) At the time
of such deposit, (i) no default in the payment of any principal of or premium or interest on any Senior Debt shall have occurred and be continuing, (ii) no event of default with respect to any Senior Debt shall have resulted in such Senior
Debt becoming, and continuing to be, due and payable prior to the date on which it would otherwise have become due and payable (unless payment of such Senior Debt has been made or duly provided for), and (iii) no other event of default with
respect to any Senior Debt shall have occurred and be continuing permitting (after notice or lapse of time or both) the holders of such Senior Debt (or a trustee on behalf of such holders) to declare such Senior Debt due and payable prior to the
date on which it would otherwise have become due and payable. 
 (j) The Company shall have delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 
 Section 1305 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions. 
 Subject to the provisions of the last paragraph of Section 1003, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for
purposes of this Section and Section 1306, the Trustee and any such other trustee are referred to collectively as the “Trustee”) pursuant to Section 1304 in respect of any Securities shall be held in trust and
applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any such Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to
the Holders of such Securities, of all sums due and to become due thereon in respect of principal and any premium and interest, but money so held in trust need not be segregated from other funds except to the extent required by law. 
  

 57 

 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or
assessed against the U.S. Government Obligations deposited pursuant to Section 1304 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of
Outstanding Securities. 
 Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from
time to time upon Company Request any money or U.S. Government Obligations held by it as provided in Section 1304 with respect to any Securities which, in the opinion of a nationally recognized firm of independent public accountants expressed
in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to such Securities.

 Section 1306 Reinstatement. 
 If the Trustee or the Paying Agent is unable to apply any money in accordance with this Article with respect to any Securities by reason of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, then the obligations under this Indenture and such Securities from which the Company has been discharged or released pursuant to Section 1302 or 1303 shall be revived and reinstated as
though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 1305 with respect to such Securities in
accordance with this Article; provided, however, that if the Company makes any payment of principal of or any premium or interest on any such Security following such reinstatement of its obligations, the Company shall be subrogated to the rights (if
any) of the Holders of such Securities to receive such payment from the money so held in trust. 
 [IF SUBORDINATED INDENTURE:] 
 ARTICLE FOURTEEN 
 SUBORDINATION OF
SECURITIES 
 Section 1401 Securities Subordinate to Senior Debt. 
 The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the extent and in the
manner hereinafter set forth in this Article (subject to the provisions of Article Four and Article Thirteen), the payment of the principal of (and premium, if any) and interest on each and all of the Securities are hereby expressly made subordinate
and subject in right of payment to the prior payment in full of all Senior Debt. 
  

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 Section 1402 Payment Over of Proceeds Upon Dissolution, Etc. 
 In the event of (a) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or
proceeding in connection therewith, relative to the Company or to its creditors, as such, or to its assets, or (b) any liquidation, dissolution or other winding up of the Company, whether voluntary or involuntary and whether or not involving
insolvency or bankruptcy, or (c) any assignment for the benefit of creditors or any other marshalling of assets or liabilities of the Company, then and in any such event specified in (a), (b) or (c) above (each such event, if any,
herein sometimes referred to as a “Proceeding”) the holders of Senior Debt will be first entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Debt, or provision shall be made
for such payment, in cash or Cash Equivalents or otherwise in a manner satisfactory to the holders of Senior Debt, before the Holders of the Securities are entitled to receive any payment or distribution of any kind or character, on account of
principal of (or premium, if any) or interest on or other obligations in respect of the Securities or on account of any purchase or other acquisition of Securities by the Company or any Subsidiary of the Company (all such payments, distributions,
purchases and acquisitions herein referred to, individually and collectively, as a “Securities Payment”), and to that end the holders of Senior Debt shall be entitled to receive, for application to the payment thereof, any
Securities Payment which may be payable or deliverable in respect of the Securities in any such Proceeding. 
 In the event that,
notwithstanding the foregoing provisions of this Section, the Trustee receives payment or distribution of assets of the Company of any kind or character, before all the Senior Debt is paid in full in cash or Cash Equivalents, then and in such event
such Securities Payment shall be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making payment or distribution of assets of the Company for application to the
payment of all Senior Debt remaining unpaid, to the extent necessary to pay the Senior Debt in full in cash or Cash Equivalents. 
 For
purposes of this Article only, the words “any payment or distribution of any kind or character, whether in cash, property or securities” shall not be deemed to include a payment or distribution of stock or securities of the Company
provided for by a plan of reorganization or readjustment authorized by an order or decree of a court of competent jurisdiction in a reorganization proceeding under any applicable bankruptcy law or of any other corporation provided for by such plan
of reorganization or readjustment which stock or securities are subordinated in right of payment to all then outstanding Senior Debt to at least the same extent as the Securities are so subordinated as provided in this Article; provided, however,
that (a) if a new corporation results from such reorganization or readjustment, such corporation assumes any Senior Debt not paid in full in cash or Cash Equivalents in connection with such reorganization or readjustment and (b) the rights
of the holders of such Senior Debt are not, without the consent of such holders, altered by such reorganization or readjustment. The consolidation of the Company with, or the merger of the Company into, another Person or the liquidation or
dissolution of the Company following the conveyance or transfer of all or substantially all of its properties and assets as an entirety to another Person upon the terms and conditions set forth in Article Eight shall not be deemed a Proceeding for
the purposes of this Section if the Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer such properties and assets as an entirety, as the case may be, shall, as a part of
such consolidation, merger, conveyance or transfer, comply with the conditions set forth in Article Eight. 
  

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 Section 1403 No Payment When Senior Debt in Default. 
 In the event that any Senior Payment Default (as defined below) shall have occurred and be continuing, then no Securities Payment shall be made unless and
until such Senior Payment Default shall have been cured or waived or shall have ceased to exist or all amounts then due and payable in respect of Senior Debt shall have been paid in full, or provision shall have been made for such payment, in cash
or Cash Equivalents or otherwise in a manner satisfactory to the holders of Senior Debt. “Senior Payment Default” means any default in the payment of principal of (or premium, if any) or interest on any Senior Debt when due,
whether at the Maturity thereof or by declaration of acceleration, call for redemption or otherwise. 
 In the event that any Senior
Nonmonetary Default (as defined below) shall have occurred and be continuing, then, upon the receipt by the Company and the Trustee of written notice of such Senior Nonmonetary Default from the representatives of holders of the Designated Senior
Debt to which such default relates, the Company may not make any payments on account of the Securities or on account of the purchase or redemption or other acquisition of Securities for a period (the “blockage period”)
commencing on the date the Company and Trustee receive such written notice and ending on the earlier of (a) the 179th day after the date of such receipt of such written notice and (b) the date, if any, on which the Designated Senior Debt
to which such default relates is discharged or such default is waived or otherwise cured. In any event, not more than one blockage period may be commenced during any period of 360 consecutive days and there shall be a period of at least 181
consecutive days in each period of 360 consecutive days when no blockage period is in effect. For all purposes of this paragraph, no Senior Nonmonetary Default that existed or was continuing on the date of commencement of any blockage period with
respect to the Designated Senior Debt initiating such blockage period will be, or can be, made the basis for the commencement of a subsequent blockage period unless such default has been cured or waived for a period of not less than 180 consecutive
days. “Senior Nonmonetary Default” means the occurrence or existence and continuance of any event of default, or of any event which, after notice or lapse of time (or both), would become an event of default, under the terms
of any instrument pursuant to which any Designated Senior Debt is outstanding, permitting (after notice or lapse of time or both) one or more holders of such Senior Debt (or a trustee or agent on behalf of the holders thereof) to declare such Senior
Debt due and payable prior to the date on which it would otherwise become due and payable, other than a Senior Payment Default. 
 In the
event and during the continuation of any default in the payment of principal of (or premium, if any) or interest on any Senior Debt beyond any applicable grace period with respect thereto, or in the event that any event of default with respect to
any Senior Debt shall have occurred and be continuing permitting the holders of such Senior Debt (or a trustee on behalf of the holders thereof) to declare such Senior Debt, and shall have resulted in such Senior Debt becoming or being declared, due
and payable prior to the date on which it would otherwise have become due and payable, unless and until such event of default shall have been cured or waived or shall have ceased to exist, or in the event any judicial proceeding shall be pending
with respect to any such default in payment or event of default, then no Securities Payment shall be made. 
 In the event that,
notwithstanding the foregoing, the Company shall make any Securities Payment to the Trustee or any Holder prohibited by the foregoing provisions of this Section, then and in such event, subject to Section 1404, such Securities Payment shall be
paid over and delivered forthwith to the holders of the Senior Debt remaining unpaid, to the extent necessary to pay in full all the Senior Debt. 
  

 60 

 The provisions of this Section shall not apply to any Securities Payment with respect to which
Section 1402 would be applicable. 
 Section 1404 Payment Permitted If No Default. 
 Nothing contained in this Article or elsewhere in this Indenture or in any of the Securities shall prevent (a) the Company, at any time except during
the pendency of any Proceeding referred to in Section 1402 or under the conditions described in Section 1403, from making Securities Payments, or (b) the application by the Trustee of any money deposited with it hereunder to
Securities Payments or the retention of such Securities Payment by the Holders, if, at the time of such application by the Trustee, it did not have knowledge that such Securities Payment would have been prohibited by the provisions of this Article.

 Section 1405 Subrogation to Rights of Holders of Senior Debt. 
 Subject to the payment in full of all amounts due or to become due on or in respect of Senior Debt, or the provision for such payment, in cash or Cash
Equivalents or otherwise in a manner satisfactory to the holders of Senior Debt, the Holders of the Securities shall be subrogated (equally and ratably with the holders of all Indebtedness of the Company which by its express terms is subordinated to
Indebtedness of the Company to substantially the same extent as the Securities are subordinated to the Senior Debt and is entitled to like rights of subrogation by reason of any payments or distributions made to holders of such Senior Debt) to the
rights of the holders of such Senior Debt to receive payments and distributions of cash, property and securities applicable to the Senior Debt until the principal of (and premium, if any) and interest on the Securities shall be paid in full. For
purposes of such subrogation, no payments or distributions to the holders of the Senior Debt of any cash, property or securities to which the Holders of the Securities or the Trustee would be entitled except for the provisions of this Article, and
no payments over pursuant to the provisions of this Article to the holders of Senior Debt by Holders of the Securities or the Trustee, shall, as among the Company, its creditors other than holders of Senior Debt and the Holders of the Securities, be
deemed to be a payment or distribution by the Company to or on account of the Senior Debt. 
 Section 1406 Provisions Solely to
Define Relative Rights. 
 The provisions of this Article are and are intended solely for the purpose of defining the relative rights of
the Holders on the one hand and the holders of Senior Debt on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Securities is intended to or shall (a) impair, as among the Company, its creditors other
than holders of Senior Debt and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional, to pay to the Holders of the Securities the principal of (and premium, if any) and interest on the Securities as and
when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Securities and creditors of the Company other than the holders of Senior Debt; or
(c) prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Debt to
receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder. 
  

 61 

 Section 1407 Trustee to Effectuate Subordination. 
 Each Holder of a Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or
appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes. 
 Section 1408 No Waiver of Subordination Provisions. 
 No right of any present or future holder of any Senior Debt to
enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by
the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. 
 Without in any way limiting the generality of the foregoing paragraph, the holders of Senior Debt may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the
Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the subordination provided in this Article or the obligations hereunder of the Holders of the Securities to the holders of Senior Debt,
do any one or more of the following: (a) change the manner, place or terms of payment or extend the time of payment of, or renew, increase or alter, Senior Debt, or otherwise amend or supplement in any manner Senior Debt or any instrument
evidencing the same or any agreement under which Senior Debt is outstanding; (b) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Debt; (c) release any Person liable in any manner
for the payment or collection of Senior Debt; and (d) exercise or refrain from exercising any rights against the Company and any other Person. 
 Section 1409 Notice to Trustee. 
 The Company shall give prompt written notice to the Trustee of any fact known to the
Company which would prohibit the making of any payment to or by the Trustee in respect of the Securities. Notwithstanding the provisions of this Article or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the
existence of any facts which would prohibit the making of any payment to or by the Trustee in respect of the Securities, unless and until the Trustee shall have received written notice thereof from the Company or a holder of Senior Debt or from any
trustee therefor; and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Section 601, shall be entitled in all respects to assume that no such facts exist; provided, however, that if the Trustee shall
not have received the notice provided for in this Section at least three Business Days prior to the date upon which by the terms hereof any money may become payable for any purpose (including, without limitation, the payment of the principal of (and
premium, if any) or interest on any Security), then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such money and to apply the same to the purpose for which such money was
received and shall not be affected by any notice to the contrary which may be received by it within three Business Days prior to such date. 
 Subject to the provisions of Section 601, the Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Debt (or a trustee therefor) to establish that such
notice has been given by a holder of Senior Debt (or a trustee 

  

 62 

 
therefor). In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of
Senior Debt to participate in any payment or distribution pursuant to this Article, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Debt held by such Person, the extent
to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person
pending judicial determination as to the right of such Person to receive such payment. 
 Section 1410 Reliance on Judicial Order or
Certificate of Liquidating Agent. 
 Upon any payment or distribution of assets of the Company referred to in this Article, the Trustee,
subject to the provisions of Section 601, and the Holders of the Securities shall be entitled to rely upon any order or decree entered by any court of competent jurisdiction in which such Proceeding is pending, or a certificate of the trustee
in bankruptcy, receiver, liquidating trustee, custodian, assignee for the benefit of creditors, agent or other Person making such payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose of ascertaining the
Persons entitled to participate in such payment or distribution, the holders of the Senior Debt and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts
pertinent thereto or to this Article. 
 Section 1411 Trustee Not Fiduciary for Holders of Senior Debt. 
 The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt and shall not be liable to any such holders if it shall in good
faith mistakenly pay over or distribute to Holders of Securities or to the Company or to any other Person cash, property or securities to which any holders of Senior Debt shall be entitled by virtue of this Article or otherwise. 
 Section 1412 Rights of Trustee as Holder of Senior Debt; Preservation of Trustee’s Rights. 
 The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Debt which may at any time
be held by it, to the same extent as any other holder of Senior Debt, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. 
 Nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 607. 
 Section 1413 Article Applicable to Paying Agents. 
 In case at any time any Paying Agent other
than the Trustee shall have been appointed by the Company and be then acting hereunder, the term “Trustee” as used in this Article shall in such case (unless the context otherwise requires) be construed as extending to and
including such Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent were named in this Article in addition to or in place of the Trustee; provided, however, that Section 1414 shall not apply to the
Company or any Affiliate of the Company if it or such Affiliate acts as Paying Agent. 
  

 63 

 Section 1414 Defeasance of this Article Fourteen. 
 The subordination of the Securities provided by this Article is expressly made subject to the provisions for defeasance or covenant defeasance in Article
Thirteen hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such defeasance or covenant defeasance, the Securities then outstanding shall thereupon cease to be subordinated pursuant to this Article Fourteen.

 [Signatures on following page] 
  

 64 

 This instrument may be executed in any number of counterparts, each of which so executed shall be deemed
to be an original, but all such counterparts shall together constitute but one and the same instrument. In proving the existence of this Indenture it shall not be necessary to produce more than one copy. 
 SIGNATURES 
  

							
	Dated as of	 	  
	  	
		 		  	ISSUER:
			
		 		  	NETLOGIC MICROSYSTEMS, INC.
				
		 		  	By:	 	  

		 		  	Name:	 	
		 		  	Title:	 	
			
		 		  	TRUSTEE:
			
		 		  	[            ], AS TRUSTEE
				
		 		  	By:	 	  

		 		  	Name:	 	
		 		  	Title:	 	

  

 65

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