Document:

Form of Senior Subordinated Indenture

 Exhibit 4.7 
  

 HUGHES NETWORK SYSTEMS, LLC 
 HNS FINANCE CORP. 
 AND 
  

 Trustee 
  

 INDENTURE 
 DATED AS OF                     ,
20     
  

 SUBORDINATED DEBT SECURITIES 
  

 HUGHES NETWORK SYSTEMS, LLC 
 HUGHES FINANCE CORP. 
 RECONCILIATION AND TIE BETWEEN TRUST INDENTURE ACT OF
1939, AS 
 AMENDED, AND INDENTURE, DATED AS OF             
        , 20     
  

			
	 TRUST INDENTURE ACT SECTION
	  	INDENTURE SECTION
	 Section 310(a)(1)
	  	6.9
	 (a)(2)
	  	6.9
	 (a)(3)
	  	Not Applicable
	 (a)(4)
	  	Not Applicable
	 (a)(5)
	  	6.9
	 (b)
	  	6.8
		
	 Section 311
	  	6.13
	 Section 312(a)
	  	7.1, 7.2(a)
	 (b)
	  	7.2(b)
	 (c)
	  	7.2(c)
		
	 Section 313(a)
	  	7.3
	 (b)
	  	*
	 (c)
	  	*
	 (d)
	  	7.3
		
	 Section 314(a)
	  	7.4
	 (a)(4)
	  	10.5
	 (b)
	  	Not Applicable
	 (c)(1)
	  	1.3
	 (c)(2)
	  	1.3
	 (c)(3)
	  	Not Applicable
	 (d)
	  	Not Applicable
	 (e)
	  	1.3
		
	 Section 315(a)
	  	6.1(a)
	 (b)
	  	6.2
	 (c)
	  	6.1(b)
	 (d)
	  	6.1(c)
	 (d)(1)
	  	6.1(a)(1)
	 (d)(2)
	  	6.1(c)(2)
	 (d)(3)
	  	6.1(c)(3)
	 (e)
	  	5.14
		
	 Section 316(a)
	  	1.1, 1.2
	 (a)(1)(A)
	  	5.2, 5.12
	 (a)(1)(B)
	  	5.13
	 (a)(2)
	  	Not Applicable
	 (b)
	  	5.8

  

 i 

			
	 TRUST INDENTURE ACT SECTION
	  	INDENTURE SECTION
	 (c)
	  	1.5(f)
		
	 Section 317(a)(1)
	  	5.3
	 (a)(2)
	  	5.4
	 (b)
	  	10.3
	 Section 318(a)
	  	1.8

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

	*	Deemed included pursuant to Section 318(c) of the Trust Indenture Act 

  

 ii 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
		  		  	
	 ARTICLE ONE
	  	 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	1
	 Section 1.1
	  	 Definitions.
	  	1
	 Section 1.2
	  	Incorporation by Reference of Trust Indenture Act.	  	9
	 Section 1.3
	  	Compliance Certificates and Opinions.	  	10
	 Section 1.4
	  	Form of Documents Delivered to Trustee.	  	10
	 Section 1.5
	  	Acts of Holders; Record Dates.	  	11
	 Section 1.6
	  	Notices, Etc., to Trustee, Company and Guarantors.	  	12
	 Section 1.7
	  	Notice to Holders; Waiver.	  	13
	 Section 1.8
	  	Conflict with Trust Indenture Act.	  	13
	 Section 1.9
	  	Effect of Headings and Table of Contents.	  	13
	 Section 1.10
	  	 Successors and Assigns.
	  	13
	 Section 1.11
	  	Separability Clause.	  	14
	 Section 1.12
	  	 Benefits of Indenture.
	  	14
	 Section 1.13
	  	 Governing Law.
	  	14
	 Section 1.14
	  	 Legal Holidays.
	  	14
	 Section 1.15
	  	 Securities in a Composite Currency, Currency Unit or Foreign Currency.
	  	14
	 Section 1.16
	  	 Payment in Required Currency; Judgment Currency.
	  	15
	 Section 1.17
	  	 Language of Notices, Etc.
	  	15
	 Section 1.18
	  	 Incorporators, Shareholders, Officers and Directors of the Company and the Guarantors Exempt from Individual Liability.
	  	16
			
	 ARTICLE TWO
	  	 SECURITY FORMS
	  	16
	 Section 2.1
	  	 Forms Generally.
	  	16
	 Section 2.2
	  	Form of Face of Security.	  	16
	 Section 2.3
	  	Form of Reverse of Security.	  	19
	 Section 2.4
	  	Global Securities.	  	24
			
	 ARTICLE THREE
	  	 THE SECURITIES
	  	25
	 Section 3.1
	  	Amount Unlimited; Issuable in Series.	  	25
	 Section 3.2
	  	Denominations.	  	28
	 Section 3.3
	  	Execution, Authentication, Delivery and Dating.	  	28
	 Section 3.4
	  	Temporary Securities.	  	30
	 Section 3.5
	  	Registration, Registration of Transfer and Exchange.	  	30
	 Section 3.6
	  	Mutilated, Destroyed, Lost and Stolen Securities.	  	33
	 Section 3.7
	  	Payment of Interest; Interest Rights Preserved.	  	34
	 Section 3.8
	  	Persons Deemed Owners.	  	35
	 Section 3.9
	  	Cancellation.	  	35
	 Section 3.10
	  	 Computation of Interest.
	  	36
	 Section 3.11
	  	CUSIP or CINS Numbers.	  	36
			
	 ARTICLE FOUR
	  	 SATISFACTION AND DISCHARGE
	  	36

  

 iii 

					
	 Section 4.1
	  	Satisfaction and Discharge of Indenture.	  	36
	 Section 4.2
	  	Application of Trust Money.	  	37
			
	 ARTICLE FIVE
	  	 REMEDIES
	  	38
	 Section 5.1
	  	Events of Default.	  	38
	 Section 5.2
	  	Acceleration of Maturity; Rescission and Annulment.	  	39
	 Section 5.3
	  	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	40
	 Section 5.4
	  	Trustee May File Proofs of Claim.	  	40
	 Section 5.5
	  	Trustee May Enforce Claims Without Possession of Securities.	  	41
	 Section 5.6
	  	Application of Money Collected.	  	41
	 Section 5.7
	  	Limitation on Suits.	  	42
	 Section 5.8
	  	Unconditional Right of Holders to Receive Principal, Premium and Interest.	  	42
	 Section 5.9
	  	Restoration of Rights and Remedies.	  	43
	 Section 5.10
	  	 Rights and Remedies Cumulative.
	  	43
	 Section 5.11
	  	Delay or Omission Not Waiver.	  	43
	 Section 5.12
	  	 Control by Holders.
	  	43
	 Section 5.13
	  	 Waiver of Past Defaults.
	  	44
	 Section 5.14
	  	 Undertaking for Costs.
	  	44
	 Section 5.15
	  	 Waiver of Stay or Extension Laws.
	  	44
			
	 ARTICLE SIX
	  	 THE TRUSTEE
	  	45
	 Section 6.1
	  	Certain Duties and Responsibilities.	  	45
	 Section 6.2
	  	Notice of Defaults.	  	46
	 Section 6.3
	  	Certain Rights of Trustee.	  	46
	 Section 6.4
	  	Not Responsible for Recitals or Issuance of Securities.	  	47
	 Section 6.5
	  	May Hold Securities.	  	48
	 Section 6.6
	  	Money Held in Trust.	  	48
	 Section 6.7
	  	Compensation and Reimbursement.	  	48
	 Section 6.8
	  	Disqualification; Conflicting Interests.	  	49
	 Section 6.9
	  	Corporate Trustee Required; Eligibility.	  	49
	 Section 6.10
	  	 Resignation and Removal; Appointment of Successor.
	  	49
	 Section 6.11
	  	Acceptance of Appointment by Successor.	  	51
	 Section 6.12
	  	 Merger, Conversion, Consolidation or Succession to Business.
	  	52
	 Section 6.13
	  	 Preferential Collection of Claims Against Company.
	  	52
	 Section 6.14
	  	 Appointment of Authenticating Agent.
	  	52
			
	 ARTICLE SEVEN
	  	 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	54
	 Section 7.1
	  	Company to Furnish Trustee Names and Addresses of Holders.	  	54
	 Section 7.2
	  	Preservation of Information; Communications to Holders.	  	54
	 Section 7.3
	  	Reports by Trustee.	  	55
	 Section 7.4
	  	Reports by Company.	  	56
			
	 ARTICLE EIGHT
	  	 CONSOLIDATION, AMALGAMATION, MERGER AND SALE
	  	56
	 Section 8.1
	  	Company May Consolidate, Etc., Only on Certain Terms.	  	56
	 Section 8.2
	  	Successor Substituted.	  	57

  

 iv 

					
	 ARTICLE NINE
	  	 AMENDMENT, SUPPLEMENT AND WAIVER
	  	57
	 Section 9.1
	  	Without Consent of Holders.	  	57
	 Section 9.2
	  	With Consent of Holders.	  	59
	 Section 9.3
	  	Execution of Supplemental Indentures.	  	61
	 Section 9.4
	  	Effect of Supplemental Indentures.	  	61
	 Section 9.5
	  	Conformity with Trust Indenture Act.	  	62
	 Section 9.6
	  	Reference in Securities to Supplemental Indentures.	  	62
			
	 ARTICLE TEN
	  	 COVENANTS
	  	62
	 Section 10.1
	  	 Payment of Principal, Premium and Interest.
	  	62
	 Section 10.2
	  	 Maintenance of Office or Agency.
	  	62
	 Section 10.3
	  	 Money for Securities Payments to Be Held in Trust.
	  	63
	 Section 10.4
	  	 Existence.
	  	64
	 Section 10.5
	  	 Statement by Officers as to Default.
	  	64
	 Section 10.6
	  	 Additional Amounts.
	  	64
			
	 ARTICLE ELEVEN
	  	 REDEMPTION OF SECURITIES
	  	65
	 Section 11.1
	  	Applicability of Article.	  	65
	 Section 11.2
	  	Election to Redeem; Notice to Trustee.	  	65
	 Section 11.3
	  	Selection by Trustee of Securities to Be Redeemed.	  	66
	 Section 11.4
	  	Notice of Redemption.	  	66
	 Section 11.5
	  	Deposit of Redemption Price.	  	67
	 Section 11.6
	  	Securities Payable on Redemption Date.	  	67
	 Section 11.7
	  	Securities Redeemed in Part.	  	67
			
	 ARTICLE TWELVE
	  	 SINKING FUNDS
	  	68
	 Section 12.1
	  	 Applicability of Article.
	  	68
	 Section 12.2
	  	 Satisfaction of Sinking Fund Payments with Securities.
	  	68
	 Section 12.3
	  	 Redemption of Securities for Sinking Fund.
	  	68
			
	 ARTICLE THIRTEEN
	  	 DEFEASANCE
	  	69
	 Section 13.1
	  	 Option to Effect Legal Defeasance or Covenant Defeasance.
	  	69
	 Section 13.2
	  	 Legal Defeasance and Discharge.
	  	69
	 Section 13.3
	  	 Covenant Defeasance.
	  	70
	 Section 13.4
	  	 Conditions to Legal or Covenant Defeasance.
	  	70
	 Section 13.5
	  	 Deposited Money and U.S. Government Obligations to be Held in Trust, Other Miscellaneous Provisions.
	  	71
	 Section 13.6
	  	 Repayment.
	  	72
	 Section 13.7
	  	 Reinstatement.
	  	72
			
	 ARTICLE FOURTEEN
	  	 GUARANTEE OF SECURITIES
	  	73
	 Section 14.1
	  	 Securities Guarantee.
	  	73
	 Section 14.2
	  	 Limitation on Guarantor Liability.
	  	74
	 Section 14.3
	  	 Execution and Delivery of Securities Guarantee Notation.
	  	74
			
	 ARTICLE FIFTEEN
	  	 SUBORDINATION OF SECURITIES
	  	75
	 Section 15.1
	  	 Securities Subordinated to Senior Debt.
	  	75
	 Section 15.2
	  	 No Payment on Securities in Certain Circumstances.
	  	75
	 Section 15.3
	  	 Payment over Proceeds upon Dissolution, Etc.
	  	76
	 Section 15.4
	  	 Subrogation.
	  	78

  

 v 

					
	 Section 15.5
	  	 Obligations of Company Unconditional.
	  	79
	 Section 15.6
	  	 Notice to Trustee.
	  	79
	 Section 15.7
	  	 Reliance on Judicial Order or Certificate of Liquidating Agent.
	  	80
	 Section 15.8
	  	 Trustee’s Relation to Senior Debt.
	  	80
	 Section 15.9
	  	 Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt.
	  	81
	 Section 15.10
	  	 Holders Authorize Trustee to Effectuate Subordination of Securities.
	  	81
	 Section 15.11
	  	 Not to Prevent Events of Default.
	  	81
	 Section 15.12
	  	 Trustee’s Compensation Not Prejudiced.
	  	81
	 Section 15.13
	  	 No Waiver of Subordination Provisions.
	  	81
	 Section 15.14
	  	 Payments May Be Paid Prior to Dissolution.
	  	82
	 Section 15.15
	  	 Trust Moneys Not Subordinated.
	  	82
			
	 ARTICLE SIXTEEN
	  	 SUBORDINATION OF SECURITIES GUARANTEES
	  	82
	 Section 16.1
	  	 Securities Guarantees Subordinated to Guarantor Senior Debt.
	  	82
	 Section 16.2
	  	 No Payment on Securities Guarantees in Certain Circumstances.
	  	82
	 Section 16.3
	  	 Payment over Proceeds upon Dissolution, Etc.
	  	84
	 Section 16.4
	  	 Subrogation.
	  	85
	 Section 16.5
	  	 Obligations of Guarantor Unconditional.
	  	86
	 Section 16.6
	  	 Notice to Trustee.
	  	86
	 Section 16.7
	  	 Reliance on Judicial Order or Certificate of Liquidating Agent.
	  	87
	 Section 16.8
	  	 Section 16.8. Trustee’s Relation to Guarantor Senior Debt.
	  	87
	 Section 16.9
	  	 Subordination Rights Not Impaired by Acts or Omissions of a Guarantor or Holders of Guarantor Senior Debt.
	  	88
	 Section 16.10
	  	 Holders Authorize Trustee to Effectuate Subordination of Securities Guarantees.
	  	88
	 Section 16.11
	  	 Not to Prevent Events of Default.
	  	88
	 Section 16.12
	  	 Trustee’s Compensation Not Prejudiced.
	  	89
	 Section 16.13
	  	 No Waiver of Subordination Provisions.
	  	89
	 Section 16.14
	  	 Payments May Be Paid Prior to Dissolution.
	  	89

 NOTE: This table of contents shall not, for any purpose, be deemed to be a part of the Indenture. 
  

 vi 

 PARTIES 
 INDENTURE, dated as of                  , 20    , among HUGHES NETWORK SYSTEMS, LLC, a Delaware
limited liability company (the “Company”), HNS FINANCE CORP., a Delaware corporation (“HNS Finance” and, together with the Company, the “Issuers”), the GUARANTORS (as defined hereinafter) and
                    , a nationally chartered banking association, as trustee (the “Trustee”). 
 RECITALS OF THE ISSUERS: 
 The Issuers
have duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its unsecured subordinated debentures, notes or other evidences of indebtedness (herein called the “Securities”), which may
but are not required to be guaranteed by the Guarantors, to be issued in one or more series as provided in this Indenture. 
 All things
necessary to make this Indenture a valid agreement of the Issuers and of the Guarantors, in accordance with its terms, have been done. 
 This Indenture is subject to the provisions of the Trust Indenture Act that are required to be a part of this Indenture and, to the extent applicable, shall be governed by such provisions. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted and 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 1.1 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 terms used in this Indenture that are defined in the Trust Indenture Act, defined by a Trust Indenture Act
reference to another statute or defined by an SEC rule under the Trust Indenture Act have the meanings so assigned to them; 
 (c) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP; 
 (d) 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 

 (e) the words “Article” and “Section” refer to an Article and
Section, respectively, of this Indenture; and 
 (f) the word “includes” and its derivatives means “includes,
but is not limited to” and corresponding derivative definitions. 
 Certain terms, used principally in Article Six, are defined in that
Article. 
 “Act”, when used with respect to any Holder, has the meaning specified in Section 1.5. 
 “Additional Defeasible Provision” means a covenant or other provision contained that is (a) made part of this Indenture pursuant to a
supplemental indenture hereto, a Board Resolution or an Officer’s Certificate delivered pursuant to Section 3.1, and (b) pursuant to the terms set forth in such supplemental indenture, Board Resolution or Officer’s Certificate,
made subject to the provisions of Article Thirteen. 
 “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 purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of
the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,”
“controlled by” and “under common control with” have correlative meanings. 
 “Authenticating Agent” means any
Person authorized by the Trustee to act on behalf of the Trustee to authenticate Securities. 
 “Banking Day” means, in respect of
any city, any date on which commercial banks are open for business in that city. 
 “Bankruptcy Law” means any applicable Federal
or State bankruptcy, insolvency, reorganization or other similar law. 
 “Board of Directors” means either the board of directors
of an Issuer or of a Guarantor, as applicable, or any duly authorized committee of that board to which the powers of that board have been lawfully delegated. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of an Issuer or a Guarantor, the principal financial officer of an Issuer or a Guarantor, any other
authorized officer of an Issuer or a Guarantor, or a person duly authorized by any of them, in each case as applicable, to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and
delivered to the Trustee. Where any provision of this Indenture refers to action to be taken pursuant to a Board Resolution (including the establishment of any series of the Securities and the forms and terms thereof), such action may be taken by
any committee, officer or employee of an Issuer or a Guarantor, as applicable, authorized to take such action by the Board of Directors as evidenced by a Board Resolution. 
  

 2 

 “Business Day”, when used with respect to any Place of Payment or other location, means, except
as otherwise provided as contemplated by Section 3.1 with respect to any series of Securities, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment or other location are
authorized or obligated by law, executive order or regulation to close. 
 “CINS” means CUSIP International Numbering System.

 “Code” means the United States Internal Revenue Code of 1986, as amended. 
 “Company” means the Person named as the “Company” in the first paragraph of this instrument until a successor or resulting
corporation shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor or resulting corporation. 
 “Company Request” or “Company Order” means, in the case of an Issuer, a written request or order signed in the name of such Issuer by
its Chairman of the Board, its Chief Executive Officer, its President, any of its Vice Presidents or any other duly authorized officer of such Issuer or any person duly authorized by any of them, and delivered to the Trustee and, in the case of a
Guarantor, a written request or order signed in the name of such Guarantor by its Chairman of the Board, its Chief Executive Officer, its President, any of its Vice Presidents or any other duly authorized officer of such Guarantor or any person duly
authorized by any of them, and delivered to the Trustee. 
 “Corporate Trust Office” means the office of the Trustee at its address
specified in Section 1.6 or such other address as to which the Trustee may give notice to the Issuers. 
 “Covenant
Defeasance” has the meaning specified in Section 13.3. 
 “CUSIP” means the Committee on Uniform Securities
Identification Procedures. 
 “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law. 
 “Debt” means any obligation created or assumed by any Person for the repayment of money borrowed and any
purchase money obligation created or assumed by such Person and any guarantee of the foregoing. 
 “Default” means, with respect to
a series of Securities, any event that is, or after notice or lapse of time or both would be, an Event of Default. 
 “Defaulted
Interest” has the meaning specified in Section 3.7. 
 “Definitive Security” means a security other than a Global
Security or a temporary Security. 
 “Depositary” means, with respect to the Securities of any series issuable or issued in whole
or in part in the form of one or more Global Securities, a clearing agency registered under 

  

 3 

 
the Exchange Act that is designated to act as Depositary for such Securities as contemplated by Section 3.1, until a successor Depositary shall have
become such pursuant to the applicable provisions of this Indenture, and thereafter shall mean or include each Person which is a Depositary hereunder, and if at any time there is more than one such Person, shall be a collective reference to such
Persons. 
 “Designated Guarantor Senior Debt” shall have the meaning given to such term in any Board Resolution or indenture
supplemental hereto. 
 “Designated Senior Debt” shall have the meaning given to such term in any Board Resolution or indenture
supplemental hereto. 
 “Dollar” or “$” means the coin or currency of the United States of America, which at the time of
payment is legal tender for the payment of public and private debts. 
 “Event of Default” has the meaning specified in
Section 5.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Foreign Currency” means a currency used by the government of a country other than the United States of America. 
 “GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time, including those set forth
in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other
entity as approved by a significant segment of the accounting profession. All ratios and computations based on GAAP contained in the indenture will be computed in conformity with GAAP. 
 “Global Security” means a Security in global form that evidences all or part of a series of Securities and is authenticated and delivered to,
and registered in the name of, the Depositary for the Securities of such series or its nominee. 
 “Guarantor” means Parent and
each Person that is or becomes a guarantor of any Securities pursuant to the applicable provisions of this Indenture. 
 “HNS
Finance” means the Person named as “HNS Finance” in the first paragraph of this instrument until a successor or resulting corporation shall have become such pursuant to the applicable provisions of this Indenture, and thereafter
“HNS Finance” shall mean such successor or resulting corporation. 
 “Guarantor Senior Debt” means, unless otherwise
provided with respect to the Securities of a series as contemplated by Section 3.1, (a) all Debt of a Guarantor, whether currently outstanding or hereafter issued, unless, by the terms of the instrument creating or evidencing such Debt, it
is provided that such Debt is not superior in right of payment to the Securities Guarantee or to other Debt which is pari passu with or subordinated to the Securities Guarantee, and (b) any modifications, refunding, deferrals, renewals or
extensions of any such Debt or 

  

 4 

 
securities, notes or other evidence of Debt issued in exchange for such Debt; provided that in no event shall “Guarantor Senior Debt”
include (i) Debt of a Guarantor owed or owing to any Subsidiary of such Guarantor or any officer, director or employee of such Guarantor or any Subsidiary of such Guarantor, (ii) Debt to trade creditors or (iii) any liability for
taxes owed or owing by a Guarantor. 
 “Holder” means a Person in whose name a Security is registered in the Security Register.

 “Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or
more indentures supplemental hereto entered into 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 part
of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” also shall include the terms of particular series of Securities established as contemplated by Section 3.1. 
 “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. 
 “Judgment Currency” has the meaning specified in Section 1.16. 
 “mandatory sinking fund payment” has the meaning specified in Section 12.1. 
 “Legal Defeasance” has the meaning specified in Section 13.2. 
 “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 5.1(c) or Section 5.1(d). 
 “Officer’s Certificate” means, in the case of an Issuer, a certificate signed by the Chairman of the Board, the Chief Executive Officer, the President, any Vice President or any other duly authorized
officer of such Issuer, or a person duly authorized by any of them, and delivered to the Trustee and, in the case of a Guarantor, a certificate signed by the Chairman of the Board, the Chief Executive Officer, the President, any Vice President or
any other duly authorized officer of such Guarantor, or a person duly authorized by any of them, and delivered to the Trustee. 
 “Opinion of Counsel” means a written opinion of counsel, who may be an employee of or counsel for the Company or a Guarantor, as the case may be, and who shall be reasonably acceptable to the Trustee. 
  

 5 

 “optional sinking fund payment” has the meaning specified in Section 12.1. 
 “Original Issue Discount Security” means any Security which provides for an amount less than the principal amount thereof to be due and payable
upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.2. 
 “Outstanding”, when used with respect
to Securities, means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: 
 (a) Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
 (b) Securities for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than an Issuer) in trust or set aside and segregated in trust by an Issuer (if such
Issuer shall act as its own Paying Agent) for the Holders of such Securities; provided, however, 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; 
 (c) Securities which have been paid pursuant to Section 3.6 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 Issuers; and 
 (d)
Securities, except to the extent provided in Section 13.2 and Section 13.3, with respect to which the Issuers have effected Legal Defeasance or Covenant Defeasance as provided in Article Thirteen, which Legal Defeasance or Covenant
Defeasance then continues in effect; 
 provided, however, that in determining whether the Holders of the requisite principal amount of the
Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, (i) the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding shall be the amount of
the principal thereof that would be due and payable as of the date of such determination upon acceleration of the Maturity thereof on such date pursuant to Section 5.2, (ii) the principal amount of a Security denominated in one or more
currencies or currency units other than U.S. dollars shall be the U.S. dollar equivalent of such currencies or currency units, determined in the manner provided as contemplated by Section 3.1 on the date of original issuance of such Security or
by Section 1.15, if not otherwise so provided pursuant to Section 3.1, of the principal amount (or, in the case of an Original Issue Discount Security, the U.S. dollar equivalent (as so determined) on the date of original issuance of such
Security of the amount determined as provided in clause (i) above) of such Security, and (iii) Securities owned by an Issuer, any Guarantor 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 or waiver, only Securities which the
Trustee knows to be so owned shall be so disregarded. Securities so owned as 

  

 6 

 
described in clause (iii) of the immediately preceding sentence 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 to act with respect to such Securities and that the pledgee is not an Issuer, a Guarantor or any other obligor upon the Securities or any Affiliate of the Company or of such
other obligor. 
 “Parent” means Hughes Communications, Inc., and any and all successors thereto. 
 “Paying Agent” means any Person authorized by the Company to pay the principal of and any premium or interest on any Securities on behalf of
the Company. 
 “Periodic Offering” means an offering of Securities of a series from time to time, the specific terms of which
Securities, including, without limitation, the rate or rates of interest or formula for determining the rate or rates of interest thereon, if any, the Stated Maturity or Stated Maturities thereof, the original issue date or dates thereof, the
redemption provisions, if any, with respect thereto, and any other terms specified as contemplated by Section 3.1 with respect thereto, are to be determined by the Company upon the issuance of such Securities. 
 “Person” means any individual, corporation, company, limited liability company, partnership, limited partnership, joint venture, association,
joint-stock company, trust, other entity, unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment”, when used with respect to the Securities of any series, means, unless otherwise specifically provided for with respect to such series as contemplated by Section 3.1, the office or agency of the Company and
such other place or places where, subject to the provisions of Section 10.2, the principal of and any premium and interest on the Securities of that series are payable as contemplated by Section 3.1. 
 “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 3.6 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 3.1. 
 “Required Currency” has the meaning specified in Section 1.16. 
 “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 

  

 7 

 
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. 
 “SEC” means the Securities and Exchange Commission, as
from time to time constituted, created under the Exchange Act, or, if at any time after the execution of this instrument such commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body
performing such duties at such time. 
 “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 Guarantee” means each guarantee
of the obligations of the Company under this Indenture and the Securities by a Guarantor in accordance with the provisions hereof. 
 “Security Register” and “Security Registrar” have the respective meanings specified in Section 3.5. 
 “Senior Debt” means (a) all Debt of an Issuer, whether currently outstanding or hereafter issued, unless, by the terms of the instrument creating or evidencing such Debt, it is provided that such Debt is not superior in right
of payment to the Securities, and (b) any modifications, refunding, deferrals, renewals or extensions of any such Debt or securities, notes or other evidence of Debt issued in exchange for such Debt; provided that in no event shall
“Senior Debt” include (i) Debt of an Issuer owed or owing to any Subsidiary of the Company or any officer, director or employee of an Issuer or any Subsidiary of the Company, (ii) Debt to trade creditors or (iii) any
liability for taxes owned or owing by the Issuers. 
 “Special Record Date” for the payment of any Defaulted Interest means a date
fixed by the Trustee pursuant to Section 3.7. 
 “Stated Maturity”, when used with respect to any Security or any installment
of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 
 “Subsidiary” means (a) a corporation more than 50% of the outstanding voting stock of which is owned, directly or indirectly, by the
Company or by one or more other Subsidiaries, or by the Company and one or more other Subsidiaries or (b) any partnership or similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at
the time be so owned. For the purposes of this definition, “voting stock” means capital stock or equity interests which ordinarily have voting power for the election of directors, whether at all times or only so long as no senior class of
stock has such voting power by reason of any contingency. 
 “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. 
  

 8 

 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as in force at the
date as of which this instrument was executed, except as provided in Section 9.5; provided, however, that if 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. 
 “U.S. Person” shall have the meaning assigned to such term in
Section 7701(a)(30) of the Code. 
 “U.S. Government Obligations” means securities which are (a) direct obligations of
the United States for the payment of which its full faith and credit is pledged, or (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States, the payment of which is unconditionally
guaranteed as a full faith and credit obligation by the United States, each of which are not callable or redeemable at the option of the issuer thereof. 
 “Vice President”, when used with respect to an Issuer, a Guarantor or the Trustee, means any vice president, regardless of whether designated by a number or a word or words added before or after the title
“vice president.” 
 Section 1.2 Incorporation by Reference of Trust Indenture Act. 
 Whenever this Indenture refers to a provision of the Trust Indenture Act, the provision is incorporated by reference in and made a part of this Indenture.
The following Trust Indenture Act terms used in this Indenture have the following meanings: 
 “commission” means the SEC.

 “indenture securities” means the Securities. 
 “indenture security holder” means a Holder. 
 “indenture to be qualified” means this
Indenture. 
 “indenture trustee” or “institutional trustee” means the Trustee. 
 “obligor” on the indenture securities means the Issuers, a Guarantor (if applicable) or any other obligor on the indenture securities.

 All terms used in this Indenture that are defined by the Trust Indenture Act, defined by a Trust Indenture Act reference to another
statute or defined by an SEC rule under the Trust Indenture Act have the meanings so assigned to them. 
  

 9 

 Section 1.3 Compliance Certificates and Opinions. 
 Upon any application or request by an Issuer or a Guarantor to the Trustee to take any action under any provision of this Indenture, such Issuer or such
Guarantor, as the case may be, shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel
stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any
provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished except as required under Section 314(c) of the Trust Indenture Act. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (except for certificates provided for
in Section 10.5) shall include: 
 (a) a statement that each individual signing such certificate or opinion has read such
covenant or condition and the definitions herein relating thereto; 
 (b) a brief statement as to the nature and scope of the
examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c)
a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to regardless of whether such covenant or condition has been complied with; and

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

 Section 1.4 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 an Issuer or a Guarantor may
be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows or, in the exercise of reasonable care, should know that the certificate or opinion or representations with
respect to the matters upon which his 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 an Issuer or a Guarantor, as the case may be, stating that the information with respect to such factual matters is in the possession of such Issuer or such Guarantor, as the case may be, unless such counsel knows that the
certificate or opinion or representations with respect to such matters are erroneous. 
  

 10 

 Where any Person is required to make, give or execute two or more applications, requests, consents,
certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 Section 1.5
Acts of Holders; Record Dates. 
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed (either physically or by means of a facsimile or an electronic transmission,
provided that such electronic transmission is transmitted through the facilities of a Depositary) 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 Issuers or the Guarantors. 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 315 of the Trust Indenture Act) conclusive in favor of the Trustee, the Issuers and, if applicable, the Guarantors, if made in the manner provided in this Section. 
 (b) 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. 
 (c) The
ownership, principal amount and serial numbers of Securities held by any Person, and the date of commencement of such Person’s holding of same, shall be proved by the Security Register. 
 (d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every
future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the Issuers
or, if applicable, the Guarantors in reliance thereon, regardless of whether notation of such action is made upon such Security. 
 (e) Without limiting the foregoing, a Holder entitled to give or 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 different part of such principal amount. 
  

 11 

 (f) The Issuers may set any day as the record date for the purpose of determining the
Holders of Outstanding Securities of any series entitled to give or take any request, demand, authorization, direction, notice, consent, waiver or other Act provided or permitted by this Indenture to be given or taken by Holders of Securities of
such series, but the Issuers shall have no obligation to do so. With regard to any record date set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date (or their duly appointed agents), and
only such Persons, shall be entitled to give or take the relevant action, regardless of whether such Holders remain Holders after such record date. 
 Section 1.6 Notices, Etc., to Trustee, the Issuers and Guarantors. 
 (a) Any notice or communication by an
Issuer, any of the Guarantors or the Trustee to the others is duly given if in writing and delivered in Person or mailed by first class mail (registered or certified, return receipt requested), telecopier or overnight air courier guaranteeing next
day delivery, to the others’ address: 
 If to the Issuers and/or any Guarantor: 
 Hughes Network Services, LLC 
 11717 Exploration Lane 
 Germantown, Maryland 20876 
 Facsimile: (301) 428-2818 
 Attention: General Counsel 
 With a copy to: 
 Akin Gump Strauss Hauer & Feld LLP 
 590 Madison Avenue 
 New York, New York 10022-2524 
 Facsimile: (212) 872-1002 
 Attention: Rosa Testani, Esq. 
 If to the Trustee: 
                                       
                       
                                       
                       
                                       
                       
 Telephone:
                                        

 Facsimile:
                                        
   
 Attention:
                                        
   
 (b) The Issuers, the Guarantors or the Trustee, by notice to the others, may designate additional or
different addresses for subsequent notices or communications. 
  

 12 

 (c) All notices and communications (other than those sent to Holders) shall be deemed to
have been duly given: at the time delivered by hand, if personally delivered; three Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and the next Business Day after timely
delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 
 Section 1.7 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, and not earlier than the earliest date, 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.
Any notice mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have been received by such Holder, regardless of whether such Holder actually receives such notice. 
 Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such
waiver. 
 In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such
notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
 Section 1.8 Conflict with Trust Indenture Act. 
 If any provision hereof limits, qualifies or conflicts with a provision of
the Trust Indenture Act that 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 that may be so
modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or excluded, as the case may be. 
 Section 1.9
Effect of Headings and Table of Contents. 
 The Article and Section headings herein and the Table of Contents are for convenience
only and shall not affect the construction hereof. 
 Section 1.10 Successors and Assigns. 
 All covenants and agreements in this Indenture by each of the Issuers and the Guarantors shall bind their respective successors and assigns, whether so
expressed or not. 
  

 13 

 Section 1.11 Separability Clause. 
 In case any provision in this Indenture or in the Securities or, if applicable, the Securities Guarantee shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby. 
 Section 1.12 Benefits of Indenture. 
 Nothing in this Indenture or in the Securities or, if applicable, the Securities Guarantee, 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 1.13 Governing Law. 
 THIS INDENTURE, THE SECURITIES AND THE SECURITIES GUARANTEE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Section 1.14 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 or, if applicable, the Securities Guarantee (other than a provision of the Securities of any series or, if applicable, the Securities Guarantee that specifically states that
such provision shall apply in lieu of this Section 1.14)) payment of interest or principal and any premium need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with
the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity, provided that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date or Stated
Maturity, as the case may be. 
 Section 1.15 Securities in a Composite Currency, Currency Unit or Foreign Currency. 
 Unless otherwise specified in an Officer’s Certificate delivered pursuant to Section 3.1 of this Indenture with respect to a particular series
of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all series or all series affected by a particular action at the time Outstanding
and, at such time, there are Outstanding Securities of any series which are denominated in a coin, currency or currencies other than Dollars (including, but not limited to, any composite currency, currency units or Foreign Currency), then the
principal amount of Securities of such series which shall be deemed to be Outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate. For purposes of this
Section 1.15, the term “Market Exchange Rate” shall mean the noon Dollar buying rate in The City of New York for cable transfers of such currency or currencies as published by the Federal Reserve Bank of New York, as of the most
recent available date. If such Market Exchange Rate is not so available for any reason with respect to such currency, the Trustee shall use, in its sole discretion and without liability on its part, such 

  

 14 

 
quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations or rates of exchange from one or more major banks in
The City of New York or in the country of issue of the currency in question, which for purposes of euros shall be Brussels, Belgium, or such other quotations or rates of exchange as the Trustee shall deem appropriate. The provisions of this
paragraph shall apply in determining the equivalent principal amount in respect of Securities of a series denominated in a currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this
Indenture. 
 All decisions and determinations of the Trustee regarding the Market Exchange Rate or any alternative determination provided
for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Issuer and all Holders. 
 Section 1.16 Payment in Required Currency; Judgment Currency. 
 Each of the Issuers and the Guarantors agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect
of the principal of or interest on the Securities of any series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in
accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a Banking Day, then, to
the extent permitted by applicable law, the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the
Banking Day next preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, or any
recovery pursuant to any judgment (regardless of whether entered in accordance with subclause (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee,
of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if
any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. 
 Section 1.17 Language of Notices, Etc. 
 Any request,
demand, authorization, direction, notice, consent, waiver or Act required or permitted under this Indenture shall be in the English language, except that any published notice may be in an official language of the country of publication. 

 

 15 

 Section 1.18 Incorporators, Shareholders, Officers and Directors of the Issuers and the Guarantors Exempt from
Individual Liability. 
 No recourse under or upon any obligation, covenant or agreement of or contained in this Indenture or of or
contained in any Security or, if applicable, the Securities Guarantee, or for any claim based thereon or otherwise in respect thereof, or in any Security or, if applicable, the Securities Guarantee, or because of the creation of any indebtedness
represented thereby, shall be had against any incorporator, shareholder, member, officer, manager or director, as such, past, present or future, of an Issuer, any Guarantor or any successor Person, either directly or through an Issuer, any Guarantor
or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, it being expressly understood that all such liability is hereby expressly waived and released as
a condition of, and as a part of the consideration for, the execution of this Indenture and the issue of the Securities. 
 ARTICLE TWO

 SECURITY FORMS 
 Section 2.1
Forms Generally. 
 The Securities of each series and, if applicable, the notation thereon relating to the Securities Guarantee, shall
be in substantially the form set forth in this Article Two, or in such other form or forms as shall be established by or pursuant to Board Resolutions of the Issuers or in one or more indentures supplemental hereto, in each case with such
appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be
required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers executing such Securities and, if applicable, the Securities Guarantee, as evidenced by their execution thereof. 

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 thereof. If the form of Securities of any series is established by action taken pursuant to Board Resolutions of the Issuers, a copy of an appropriate record of
such action shall be certified by an authorized officer or other authorized person on behalf of each Issuer and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 3.3 for the authentication and
delivery of such Securities. 
 The forms of Global Securities of any series shall have such provisions and legends as are customary for
Securities of such series in global form, including without limitation any legend required by the Depositary for the Securities of such series. 
 Section
2.2 Form of Face of Security. 
 [If the Security is an Original Issue Discount Security, insert—FOR PURPOSES OF SECTION 1275 OF THE UNITED
STATES INTERNAL REVENUE CODE OF 1986, AS AMENDED, THE AMOUNT OF THE ORIGINAL ISSUE DISCOUNT IS . . . . . . . ., THE ISSUE DATE IS . . . . . ., 20. . . [AND] [,] THE YIELD TO MATURITY IS . . . . . . . . [,] [AND THE ORIGINAL ISSUE DISCOUNT FOR THE
SHORT ACCRUAL PERIOD IS . . . . . . . . AND THE METHOD USED TO DETERMINE THE YIELD THEREFOR IS . . . . .]] 
  

 16 

 [Insert any other legend required by the Code or the regulations thereunder.] 
 [If a Global Security,—insert legend required by Section 2.4 of the Indenture] [If applicable, insert —UNLESS THIS SECURITY IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 
 HUGHES NETWORK SYSTEMS, LLC 
 and 
 HNS FINANCE CORP. 
 [TITLE OF SECURITY] 
  

			
	No . . . . . . .	 	U.S. $. . . . . .

 [CUSIP No. ] 
 HUGHES
NETWORK SYSTEMS, LLC, a limited liability company duly formed under the laws of the State of Delaware (herein called the “Company”, which term includes any successor or resulting Person under the Indenture hereinafter referred to), and HNS
FINANCE CORP., a corporation duly incorporated under the laws of the State of Delaware (herein called “HNS Finance, which term includes any successor or resulting Person under said Indenture; and together with the Company, the
“Issuers”), for value received, hereby promises to pay to . . . . . . . . . . . . . . . . . . . . . . ., or registered assigns, the principal sum of . . . . . . . .. . United States 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 [if applicable, insert—, and at the rate of     % per annum on
any overdue principal and premium and on any installment of interest (to the extent that the payment of such interest shall be legally enforceable)]. 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 . . . .
(regardless of whether a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided 

  

 17 

 
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 of this Security shall
bear interest at the rate of . . . .% per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such default in payment to the date payment of such principal has been made or duly
provided for. Interest on any overdue principal shall be payable on demand. Any such interest on any overdue principal that is not so paid on demand shall bear interest at the rate of . . . . % per annum (to the extent that the payment of such
interest shall be legally enforceable), which shall accrue from the date of such demand for payment to the date payment of such interest has been made or duly provided for, and such interest shall also be payable on demand.] 
 [If a Global Security, insert—Payment of the principal of (and premium, if any) and [if applicable, insert—any such] interest on this Security
will be made by transfer of immediately available funds to a bank account in designated by the Holder 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 [state
other currency].] 
 [If a Definitive Security, insert—Payment of the principal of (and premium, if any) and [if applicable,
insert—any such] interest on this Security will be made at the office or agency of the Issuers 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] [state other currency] [or subject to any laws or regulations applicable thereto and to the right of the Issuers (as provided in the Indenture) to rescind the designation of any such Paying Agent, at the [main] offices of
                     in                     , or
at such other offices or agencies as the Issuers may designate, by [United States Dollar] [state other currency] check drawn on, or transfer to a [United States Dollar] account maintained by the payee with, a bank in The City of New York (so long as
the applicable Paying Agency has received proper transfer instructions in writing at least              days prior to the payment date)] [if applicable, insert—; provided,
however, that payment of interest may be made at the option of the Issuers by [United States Dollar] [state other currency] check mailed to the addresses of the Persons entitled thereto as such addresses shall appear in the Security Register]
[or by transfer to a [United States Dollar] [state other currency] account maintained by the payee with a bank in The City of New York [state other Place of Payment] (so long as the applicable Paying Agent has received proper transfer instructions
in writing by the record date prior to the applicable Interest Payment Date)].] 
  

 18 

 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. 
 IN WITNESS WHEREOF, the Issuers have caused this instrument to be duly executed. 
 Dated: 
  

			
	HUGHES NETWORK SYSTEMS, LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	HNS FINANCE CORP.
		
	By:	 	  

		 	Name:
		 	Title:

 Section 2.3 Form of Reverse of Security. 
 This Security is one of a duly authorized issue of subordinated securities of the Issuers (herein called the “Securities”), issued and to be issued in one or
more series under an Indenture, dated as of                  , 20     (herein called the “Indenture”), among the
Issuers, the Guarantors and                     , as Trustee (herein called the “Trustee”, which term includes any successor trustee
under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement, of the respective rights, limitations of rights, duties and immunities thereunder of the Issuers, the Guarantors, the Trustee
and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. As provided in the Indenture, the Securities may be issued in one or more series, which different series may be issued in
various aggregate principal amounts, may mature at different times, may bear interest, if any, at different rates, may be subject to different redemption provisions, if any, may be subject to different sinking, purchase or analogous funds, if any,
may be subject to different covenants and Events of Default and may otherwise vary as in the Indenture provided or permitted. This Security is one of the series designated on the face hereof [, limited in aggregate principal amount to $ . . . . . .
.. . . . ]. 
 This security is the general, unsecured, subordinated obligation of the Issuers [if applicable, insert—and is guaranteed pursuant
to a guarantee (the “Securities Guarantee”) by [insert name of each Guarantor] (the “Guarantors”). The Securities Guarantee is the general, unsecured, subordinated obligation of each Guarantor.] 
  

 19 

 [If applicable, insert—The Securities of this series are subject to redemption upon not less than . . .
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 [on or after . . . . . . . . . ., 20. . . ], as a whole or in part, at the election of the Issuers, at the following Redemption Prices (expressed as percentages of the principal
amount): If redeemed [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.] 
 [If applicable, insert—The Securities of this series are subject to redemption upon not less than . . . nor more than . . . 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 anytime [on or after . . . . . . . . . . ], as a whole or in part, at the election of the Issuers, at the Redemption Prices for redemption otherwise than through
operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below: If redeemed during the 12-month period beginning . . . . . . . . . . . . . . of the years indicated, 
  

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

		  		  	

 and thereafter at a Redemption Price equal to . . . . % of the principal amount, together in the case of any such
redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such
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 Issuers may not, prior to . . . . . . . . . ., redeem any Securities of this series as contemplated by [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 Issuers (calculated in accordance with generally accepted financial practice) of less than . .
.. .% per annum.] 
  

 20 

 [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 [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 Issuers otherwise than through [mandatory] sinking fund payments may be credited against subsequent [mandatory] sinking fund payments otherwise required to be made
[If applicable, insert— in the inverse order in which they become due].] 
 [If the Securities are subject to redemption in part 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.]

 [If applicable, insert—The Securities of this series are not redeemable prior to Stated Maturity.] 
 [If the Security is not an Original Issue Discount Security,—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,—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 and overdue interest (in each case to the extent that the payment of such interest shall be legally enforceable), all of the Issuers’ obligations in respect of the payment of the principal of 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 Issuers [If applicable, insert—and the Guarantors] and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Issuers [If applicable,
insert—and the Guarantors] and the Trustee with the consent of the Holders of a majority 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 [If applicable, insert—and the
Guarantors] 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 herefor or in lieu hereof, regardless of whether notation of such consent or waiver is made upon this Security. 
  

 21 

 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the
obligation of the Issuers, which is absolute and unconditional, to pay the principal of (and premium, if any) and interest on this Security at the times, place(s) and rate, and in the coin or currency, herein prescribed. 
 [If a Global Security, insert—This Global Security or portion hereof may not be exchanged for Definitive Securities of this series except in the limited
circumstances provided in the Indenture. The holders of beneficial interests in this Global Security will not be entitled to receive physical delivery of Definitive Securities except as described in the Indenture and will not be considered the
Holders thereof for any purpose under the Indenture.] 
 [If a Definitive Security, insert—As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Security is registerable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Issuers in [if applicable, insert—any
place where the principal of and any premium and interest on this Security are payable] [if applicable, insert—The City of New York [, or, subject to any laws or regulations applicable thereto and to the right of the Company (limited as
provided in the Indenture) to rescind the designation of any such transfer agent, at the [main] offices of in                      or at such other
offices or agencies as the Issuers may designate]], duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Issuers 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 U.S. $ . . . . . . . . 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 Issuers 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 Issuers, [If applicable, insert—any Guarantor,] the Trustee and any agent of an Issuer [If applicable, insert—, a Guarantor] or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, regardless of whether this Security be overdue, and none of the Issuers, [If applicable, insert—the Guarantors,] the Trustee nor any such agent shall be affected by notice to
the contrary. 
 This Security is subordinated in right of payment to Senior Debt [If applicable, insert—and the Securities Guarantee is
subordinated in right of payment to Guarantor Senior Debt], to the extent and in the manner provided in the Indenture. 
  

 22 

 No recourse under or upon any obligation, covenant or agreement of or contained in the Indenture or of or contained in
any Security, [If applicable, insert—, or the Securities Guarantee endorsed thereon,] or for any claim based thereon or otherwise in respect thereof, or in any Security [If applicable, insert—or in the Securities Guarantee],
or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholder, member, officer, manager or director, as such, past, present or future, of an Issuer [If applicable, insert—or any
Guarantor] or of any successor Person, either directly or through an Issuer [If applicable, insert—or any Guarantor] or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any
assessment, penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released by the acceptance hereof and as a condition of, and as part of the consideration for, the Securities and the execution of
the Indenture. 
 The Indenture provides that the Issuers [If applicable, insert—and the Guarantors] (a) will be discharged from any and all
obligations in respect of the Securities (except for certain obligations described in the Indenture), or (b) need not comply with certain restrictive covenants of the Indenture, in each case if the Issuers [If applicable, insert—or
a Guarantor] deposit, in trust, with the Trustee money or U.S. Government Obligations (or a combination thereof) which through the payment of interest thereon and principal thereof in accordance with their terms will provide money, in an amount
sufficient to pay all the principal of and interest on the Securities, but such money need not be segregated from other funds except to the extent required by law. 
 Except as otherwise defined herein, all terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 [If a Definitive Security, insert as a separate page— 
 FOR VALUE RECEIVED, the undersigned hereby sell(s),
assign(s) and transfer(s) unto 
  

 (Please Print or Typewrite Name and Address of Assignee) 
 the within instrument of HUGHES NETWORK SYSTEMS, LLC and HNS FINANCE CORP. and does
hereby irrevocably constitute and appoint                      Attorney to transfer said instrument on the books of the within-named Company,
with full power of substitution in the premises. 
 Please Insert Social Security or Other Identifying Number of Assignee: 
  

					
	  
	 		 	  

			
	Dated: _________________________________________	 		 	  

		 		 	(Signature)

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within
instrument in every particular, without alteration or enlargement or any change whatever.] 
 [If a Security to which Article Fourteen has been made
applicable, insert the following Form of Notation on such Security relating to the Securities Guarantee— 
  

 23 

 Each of the Guarantors (which term includes any successor Person in such capacity under the Indenture), has fully,
unconditionally and absolutely guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture, the due and punctual payment of the principal of, and premium, if any, and interest on the Securities of this series
and all other amounts due and payable under the Indenture and the Securities of this series by the Issuers. 
 The obligations of the Guarantors to the
Holders of Securities of this series and to the Trustee pursuant to the Securities Guarantee and the Indenture are expressly set forth in Article Fourteen of the Indenture and reference is hereby made to the Indenture for the precise terms of the
Securities Guarantee. 
  

					
	Guarantors:	 	
		
	[NAME OF EACH GUARANTOR]	 	
			
	 By:
	 	  
	 	
		 	  
	 	 ]

 Section 2.4 Global Securities. 
 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 TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN
EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 If Securities of a series are issuable in whole or in part in the form of one or more Global Securities, as specified as contemplated by Section 3.1, then, notwithstanding clause (i) of Section 3.1 and the provisions of
Section 3.2, any Global Security shall represent such of the Outstanding Securities of such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Securities from time to time endorsed
thereon and that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced or increased, as the case may be, to reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any reduction
or increase in the amount, of Outstanding Securities represented thereby shall be made in such manner and upon instructions given by such Person or Persons as shall be specified therein or in a Company Order of the Company. Subject to the provisions
of Section 3.3, Section 3.4 and Section 3.5, the Trustee shall deliver and 

  

 24 

 
redeliver any Global Security in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. Any
instructions by the Company with respect to endorsement or delivery or redelivery of a Global Security shall be in a Company Order (which need not comply with Section 1.3 and need not be accompanied by an Opinion of Counsel). 
 The provisions of the last sentence of Section 3.3 shall apply to any Security represented by a Global Security if such Security was never issued
and sold by the Issuers and the Company delivers to the Trustee the Global Security together with a Company Order (which need not comply with Section 1.3 and need not be accompanied by an Opinion of Counsel) with regard to the reduction or
increase, as the case may be, in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 3.3. 
 Section 2.5. Form of Trustee’s Certificate of Authentication. 
 The Trustee’s
certificate(s) of authentication shall be in substantially the following form: 
 This is one of the Securities of the series designated
[insert title of applicable series] referred to in the within-mentioned Indenture. 
  

					
	___________________,	 	
	as Trustee	 	
			
	 By:
	 	  
	 	
		 	 Authorized Officer
	 	

 ARTICLE THREE 
 THE SECURITIES 
 Section 3.1 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 Board Resolutions of the Issuers, and set forth, or
determined in the manner provided, in an Officer’s 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 all other Securities and which
may be part of a series of Securities previously issued); 
 (b) any limit upon the aggregate principal amount of the
Securities of the series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to
Section 3.4, Section 3.5, Section 3.6, Section 9.6 or Section 11.7 and except for any Securities which, pursuant to Section 3.3, are deemed never to have been authenticated and delivered hereunder); 
  

 25 

 (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 the Securities of the series is payable or the method of determination thereof;

 (e) the rate or rates at which the Securities of the series shall bear interest, if any, or the formula, method or
provision pursuant to which such rate or rates are determined, the date or dates from which such interest shall accrue or the method of determination thereof, the Interest Payment Dates on which such interest shall be payable and the Regular Record
Date for the interest payable on any Interest Payment Date; 
 (f) the place or places where, subject to the provisions of
Section 10.2, the principal of and any premium and interest on Securities of the series shall be payable, Securities of the series may be surrendered for registration of transfer, Securities of the series may be surrendered for exchange and
notices, and demands to or upon the Company in respect of the Securities of the series and this Indenture may be served; 
 (g) the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Issuers; 
 (h) the obligation, if any, of the Issuers to redeem or purchase Securities of the series pursuant to any sinking fund or analogous
provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which 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
Securities of the series shall be issuable; 
 (j) whether payment of principal of and premium, if any, and interest, if any,
on the Securities of the series shall be without deduction for taxes, assessments or governmental charges paid by Holders of the series; 
 (k) if other than the principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to
Section 5.2; 
 (l) if the amount of payments of principal of and any premium or interest on the Securities of the series
may be determined with reference to an index, the manner in which such amounts shall be determined; 
  

 26 

 (m) if and as applicable, that the 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 Depositary or Depositaries for such Global Security or Global Securities and any circumstances other than those set forth in Section 3.5 in which any such Global
Security may be transferred to, and registered and exchanged for Securities registered in the name of, a Person other than the Depositary for such Global Security or a nominee thereof and in which any such transfer may be registered; 
 (n) any deletions from, modifications of or additions to the Events of Default set forth in Section 5.1 or the covenants of the
Issuers set forth in Article Ten with respect to the Securities of such series; 
 (o) whether and under what circumstances
the Issuers will pay additional amounts on the Securities of the series held by a Person who is not a U.S. Person in respect of any tax, assessment or governmental charge withheld or deducted and, if so, whether the Issuers will have the option to
redeem the Securities of the series rather than pay such additional amounts; 
 (p) if the Securities of the series are to be
issuable in definitive form (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, the form and terms of such
certificates, documents or conditions; 
 (q) if the Securities of the series are to be convertible into or exchangeable for
any other security or property of the Company, including, without limitation, securities of another Person held by the Company or its Affiliates and, if so, the terms thereof; 
 (r) if other than as provided in Section 13.2 and Section 13.3, the means of Legal Defeasance or Covenant Defeasance as may be
specified for the Securities of the series; 
 (s) if other than the Trustee, the identity of the initial Security Registrar
and any initial Paying Agent; 
 (t) whether the Securities of the series will be guaranteed pursuant to the Securities
Guarantee set forth in Article Fourteen, any modifications to the terms of Article Fourteen applicable to the Securities of such series and the applicability of any other guarantees; and 
 (u) any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture). 
 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 Resolutions referred to above and (subject to Section 3.3) set forth, or determined in the manner provided, in the Officer’s Certificate referred to above or in any such indenture supplemental hereto. 
  

 27 

 All Securities of any one series need not be issued at the same time and, unless otherwise provided, a
series may be reopened, without the consent of the Holders, for increases in the aggregate principal amount of such series of Securities and issuances of additional Securities of such series or for the establishment of additional terms with respect
to the Securities of such series. 
 If any of the terms of the series are established by action taken by or pursuant to Board Resolutions, a
copy of an appropriate record of such action shall be certified by an authorized officer or other authorized person on behalf of each Issuer and, if applicable, the Guarantors and delivered to the Trustee at or prior to the delivery of the
Officer’s Certificate setting forth, or providing the manner for determining, the terms of the series. 
 With respect to Securities of
a series subject to a Periodic Offering, such Board Resolutions or Officer’s Certificate may provide general terms for Securities of such series and provide either that the specific terms of particular Securities of such series shall be
specified in a Company Order or that such terms shall be determined by the Issuers and, if applicable, the Guarantors or one or more agents thereof designated in an Officer’s Certificate, in accordance with a Company Order. 
 Section 3.2 Denominations. 
 The Securities of each
series shall be issuable in registered form without coupons in such denominations as shall be specified as contemplated by Section 3.1. In the absence of any such provisions with respect to the Securities of any series, the Securities of such
series shall be issuable in denominations of $1,000 and any integral multiple thereof. 
 Section 3.3 Execution, Authentication, Delivery and Dating.

 The Securities shall be executed on behalf of each Issuer by its Chairman of the Board, its Chief Executive Officer, its President, its
Chief Financial Officer or any of its Vice Presidents and need not be attested. The signature of any of these officers on the Securities may be manual or facsimile. Any Securities Guarantee endorsed on the Securities shall be executed on behalf of
the applicable Guarantor by its Chairman of the Board, its Chief Executive Officer, its President, its Chief Financial Officer or any of its Vice Presidents and need not be attested. 
 Securities and any Securities Guarantee bearing the manual or facsimile signatures of individuals who were at any time the proper officers of an Issuer
or a Guarantor, as the case may be, shall bind such Issuer or such Guarantor, as the case may be, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or
did not hold such offices at the date of such Securities. 
 At any time and from time to time after the execution and delivery of this
Indenture, the Issuers may deliver Securities of any series executed by the Issuers 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; provided, however, that in the case of Securities offered in a Periodic Offering, the Trustee shall authenticate and deliver such Securities from time to time in accordance
with such other procedures (including, without limitation, the receipt by the Trustee of oral or 

  

 28 

 
electronic instructions from the Issuers or its duly authorized agents, thereafter promptly confirmed in writing) acceptable to the Trustee as may be
specified by or pursuant to a Company Order delivered to the Trustee prior to the time of the first authentication of Securities of such series. If the forms or terms of the Securities of the series have been established in or pursuant to one or
more Board Resolutions as permitted by Section 2.1 and Section 3.1, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to
receive such documents as it may reasonably request. The Trustee shall also be entitled to receive, and (subject to Section 6.1) shall be fully protected in relying upon, an Opinion of Counsel stating, 
 (a) if the form or forms of such Securities has been established in or pursuant to the Board Resolutions as permitted by Section 2.1,
that each such form has been established in conformity with the provisions of this Indenture; 
 (b) if the terms of such
Securities have been, or in the case of Securities of a series offered in a Periodic Offering will be, established in or pursuant to Board Resolutions as permitted by Section 3.1, that such terms have been, or in the case of Securities of a
series offered in a Periodic Offering will be, established in conformity with the provisions of this Indenture, subject, in the case of Securities of a series offered in a Periodic Offering, to any conditions specified in such Opinion of Counsel;
and 
 (c) that such Securities when authenticated and delivered by the Trustee and issued by the Issuers in the manner and
subject to any conditions and assumptions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Issuers and, if applicable, the Guarantors, enforceable in accordance with their terms, subject to the
following limitations: (i) bankruptcy, insolvency, moratorium, reorganization, liquidation, fraudulent conveyance or transfer and other similar laws of general applicability relating to or affecting the enforcement of creditors’ rights, or
to general equity principles, (ii) the availability of equitable remedies being subject to the discretion of the court to which application therefor is made; and (iii) such other usual and customary matters as shall be specified in such
Opinion of Counsel. 
 If such form or forms 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.

 Notwithstanding the provisions of Section 3.1 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 Officer’s Certificate otherwise required pursuant to Section 3.1 or the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior
to the time of 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. 
 With respect to Securities of a series offered in a Periodic Offering, the Trustee may rely, as to the authorization by the Issuers of any of such
Securities, on the form or forms and terms 

  

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thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and the other documents delivered pursuant to
Section 2.1 and Section 3.1 and this Section, as applicable, in connection with the first authentication of Securities of such series. 
 Each Security shall be dated the date of its authentication. 
 No Security, nor any Securities Guarantee endorsed thereon, 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 of
an authorized officer, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture.
Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Issuers, and the Issuers shall deliver such Security to the Trustee for cancellation as provided in
Section 3.9 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 3.4 Temporary Securities. 
 Pending the
preparation of Definitive Securities of any series, the Issuers 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 Issuers 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 Issuers 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 Issuers shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Securities of the same series and tenor of authorized denominations. 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. 
 Section 3.5
Registration, Registration of Transfer and Exchange. 
 The Company shall cause to be kept at the office or agency of the Issuers in a
Place of Payment required by Section 10.2 a register (the register maintained in such office being herein sometimes referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the
Issuers shall provide for the registration of Securities and of transfers of Securities. The Trustee is hereby appointed as the initial “Security Registrar” for the purpose of registering Securities and transfers of Securities as herein
provided, and its corporate 

  

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trust office, which, at the date hereof, is located at 213 Court Street, Suite 703, Middletown, CT 06457, is the initial office or agency where the
Securities Register will be maintained. The Issuers may at any time replace such Security Registrar, change such office or agency or act as its own Security Registrar. The Issuers will give prompt written notice to the Trustee of any change of the
Security Registrar or of the location of such office or agency. 
 Upon surrender for registration of transfer of any Security of any series
at the office or agency maintained pursuant to Section 10.2 for such purpose, the Issuers and, if applicable, the Guarantors shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees,
one or more new Securities, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, of the same series and tenor, of any authorized denominations and of a like aggregate principal amount. 
 At the option of the Holder, Securities of any series (except a Global Security) may be exchanged for other Securities of the same series and tenor, of
any authorized denominations and of a like 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 Issuers and, if applicable, the Guarantors
shall execute and the Trustee shall authenticate and deliver, the Securities, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, 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 Issuers and, if applicable, the
Guarantors 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 Issuers or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form
satisfactory to the Issuers 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 Issuers may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of
transfer or exchange of Securities, other than exchanges pursuant to Section 3.4, Section 9.6 or Section 11.7 not involving any transfer. 
 The Issuers shall not be required (a) to issue, register the transfer of or exchange Securities of any series during a period beginning at, the opening of business 15 days before the day of the mailing of a
notice of redemption of Securities of that series selected for redemption under Section 11.3 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. 
 Notwithstanding any other provisions
of this Indenture and except as otherwise specified with respect to any particular series of Securities as contemplated by Section 3.1, a Global Security representing all or a portion of the Securities of a series may not be transferred, except

  

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as a whole by the Depositary for such series to a nominee of such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such
Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary. Every Security authenticated and delivered upon registration of, transfer of, or in exchange for or in lieu of,
a Global Security shall be a Global Security except as provided in the two paragraphs immediately following. 
 If at any time the Depositary
for any Securities of a series represented by one or more Global Securities notifies the Issuers that it is unwilling or unable to continue as Depositary for such Securities or if at any time the Depositary for such Securities shall no longer be
eligible to continue as Depositary under Section 3.1 or ceases to be a clearing agency registered under the Exchange Act, the Company shall appoint a successor Depositary with respect to such Securities. If a successor Depositary for such
Securities is not appointed by the Issuers within 90 days after the Issuers receives such notice or becomes aware of such ineligibility, the Issuers’ election pursuant to Section 3.1 that such Securities be represented by one or more
Global Securities shall no longer be effective and the Issuers and, if applicable, the Guarantors will execute and the Trustee, upon receipt of a Company Order for the authentication and delivery of Definitive Securities of such series, will
authenticate and deliver, Securities, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, of such series in definitive registered form without coupons, in any authorized denominations, in an aggregate
principal amount equal to the principal amount of the Global Security or Securities representing such Securities in exchange for such Global Security or Securities registered in the names of such Persons as the Depositary shall direct. 

The Issuers may at any time and in its sole discretion determine that the Securities of any series issued in the form of one or more Global Securities
shall no longer be represented by a Global Security or Securities. In such event, the Issuers and, if applicable, the Guarantors will execute and the Trustee, upon receipt of a Company Order for the authentication and delivery of the Definitive
Securities of such series, will authenticate and deliver, Securities, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, of such series in definitive registered form without coupons, in any authorized
denominations, in an aggregate principal amount equal to the principal amount of the Global Security or Securities representing such Securities in exchange for such Global Security or Securities registered in the names of such Persons as the
Depositary shall direct. 
 If specified by the Issuers pursuant to Section 3.1 with respect to Securities represented by a Global
Security, the Depositary for such Global Security may surrender such Global Security in exchange in whole or in part for Securities of the same series and tenor in definitive registered form on such terms as are acceptable to the Issuers, the
Trustee and such Depositary. Thereupon, the Issuers and, if applicable, the Guarantors shall execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of Securities in definitive registered form, shall
authenticate and deliver, without service charge, 
 (a) to the Person specified by such Depositary a new Security or
Securities, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, of the same series and tenor, of any authorized denominations as requested by such Person, in an aggregate principal amount equal to and in
exchange for such Person’s beneficial interest in the Global Security; and 
  

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 (b) to such Depositary a new Global Security, with an endorsement of the Securities
Guarantee, if applicable, executed by the Guarantors, in a denomination equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of Securities authenticated and delivered
pursuant to clause (a) above. 
 Every Person who takes or holds any beneficial interest in a Global Security agrees that: 

(a) the Issuers, the Guarantors (if applicable) and the Trustee may deal with the Depositary as sole owner of the Global Security and
as the authorized representative of such Person; 
 (b) such Person’s rights in the Global Security shall be exercised
only through the Depositary and shall be limited to those established by law and agreement between such Person and the Depositary and/or direct and indirect participants of the Depositary; 
 (c) the Depositary and its participants make book-entry transfers of beneficial ownership among, and receive and transmit distributions of
principal and interest on the Global Securities to, such Persons in accordance with their own procedures; and 
 (d) none of
the Issuers, the Guarantors (if applicable), the Trustee, nor any agent of any of them will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global
Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Section 3.6 Mutilated, Destroyed,
Lost and Stolen Securities. 
 If any mutilated Security is surrendered to the Trustee, together with, in proper cases, such security or
indemnity as may be required by the Issuers, the Guarantors (if applicable) or the Trustee to save each of them and any agent of any of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a
new Security, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, 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 Issuers, the Guarantors (if applicable) 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 Issuers or the Trustee that such Security has been
acquired by a bona fide purchaser, the Issuers and, if applicable, the Guarantors shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security, with an
endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
  

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 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and
payable, the Issuers in their 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 Issuers and, if applicable, the Guarantors, regardless of whether the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the
benefits of this Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder. 
 The
provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 3.7 Payment of Interest; Interest Rights Preserved. 
 Except as otherwise provided as contemplated by Section 3.1 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 Issuers, at their election in each case, as provided in clause (a) or (b) below: 
 (a) The Issuers 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 Issuers 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 Issuers 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 

  

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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 Issuers of such
Special Record Date and, in the name and at the expense of the Issuers, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of
Securities of such series at his address as it appears in the Security Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been 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 Issuers 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 Issuers 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. 
 Section 3.8 Persons Deemed Owners. 
 Except as otherwise provided as contemplated by Section 3.1 with respect to any series of Securities, prior to due presentment of a Security for registration of transfer, the Issuers, the Trustee and, if
applicable, the Guarantors and any agent thereof may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of and any premium and (subject to Section 3.5 and
Section 3.7) any interest on such Security and for all other purposes whatsoever, regardless of whether such Security be overdue, and none of the Issuers, the Trustee nor, if applicable, the Guarantors nor any agent of any of them shall be
affected by notice to the contrary. 
 No holder of any beneficial interest in any Global Security held on its behalf by a Depositary shall
have any rights under this Indenture with respect to such Global Security, and such Depositary may be treated by the Issuers, the Trustee, and, if applicable, the Guarantors and any agent of thereof as the owner of such Global Security for all
purposes whatsoever. 
 Section 3.9 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 canceled by it. The Issuers may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Issuers 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 

  

 35 

 
previously authenticated hereunder which the Issuers have not issued and sold, and all Securities so delivered shall be promptly canceled by the Trustee. No
Securities shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except as expressly permitted by this Indenture. All canceled Securities held by the Trustee shall be disposed of in accordance with
its customary practices, and the Trustee shall thereafter deliver to the Company a certificate with respect to such disposition from time to time upon written request. 
 Section 3.10 Computation of Interest. 
 Except as otherwise specified as contemplated by
Section 3.1 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a year of twelve 30-day months. 
 Section 3.11 CUSIP or CINS Numbers. 
 The Issuers in issuing the Securities may use “CUSIP” or “CINS”
numbers (if then generally in use, and in addition to the other identification numbers printed on the Securities), and, if so, the Trustee shall use “CUSIP” or “CINS” numbers in notices of redemption as a convenience to Holders;
provided, however, that any such notice may state that no representation is made as to the correctness of such “CUSIP” or “CINS” numbers either as printed on the Securities or as contained in any notice of a
redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such “CUSIP” or “CINS” numbers.

 ARTICLE FOUR 
 SATISFACTION AND DISCHARGE 
 Section 4.1 Satisfaction and Discharge of Indenture. 
 This Indenture shall cease to be of further effect and will be discharged with respect to the Securities of any series (except as to any surviving rights
of registration of transfer or exchange of Securities and certain rights of the Trustee, in each case, herein expressly provided for), and the Trustee, upon Company Request and at the expense of the Issuers, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture with respect to such Securities, when: 
 (a) either 
 (i) all such Securities theretofore authenticated and delivered (other than (A) such Securities which have been destroyed, lost or
stolen and which have been replaced or paid as provided in Section 3.6, and (B) such Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuers and thereafter repaid to the
Issuers or discharged from such trust, as provided in Section 10.3) have been delivered to the Trustee for cancellation; or 
 (ii) all such Securities not theretofore delivered to the Trustee for cancellation 
  

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 (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 Issuers, in the case of (A), (B) or (C) above, have
deposited or caused to be deposited with the Trustee as trust funds in trust for such purpose an amount sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for
principal (and premium, if any) 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, together with instructions from the Issuers
irrevocably directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; 
 (b) the Issuers have paid or caused to be paid all other sums payable hereunder by the Issuers with respect to such Securities; and 
 (c) the Issuers have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, which, taken together, state that all conditions precedent herein provided for relating to the satisfaction and
discharge of this Indenture with respect to such Securities have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture with
respect to the Securities of any series, (x) the obligations of the Issuers to the Trustee under Section 6.7, the obligations of the Trustee to any Authenticating Agent under Section 6.14 and the right of the Trustee to resign under
Section 6.10 shall survive, and (y) if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the obligations of the Issuers and the Trustee under Section 4.2, Section 6.6 and
Section 10.2 and the last paragraph of Section 10.3 shall survive. 
 Section 4.2 Application of Trust Money. 
 Subject to the provisions of the last paragraph of Section 10.3, all money deposited with the Trustee pursuant to Section 4.1 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 an Issuer acting as the 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. 
  

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 ARTICLE FIVE 
 REMEDIES 
 Section 5.1 Events of Default. 
 “Event of Default”, wherever used herein with respect to Securities of any series, means any one of the following events (whatever the reason
for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

 (a) default in the payment of any interest upon any Security of that series when it becomes due and payable, and
continuance of such default for a period of 30 days (regardless of whether such payment is prohibited by the provisions of Article Fifteen hereof); or 
 (b) default in the payment of the principal of (or premium, if any, on) any Security of that series at its Maturity (regardless of whether such payment is prohibited by the provisions of Article Fifteen hereof); or

 (c) default in the performance, or breach, of any covenant set forth in Article Ten in this Indenture (other than a
covenant 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 90 days after there has been given, by registered or certified mail, to the Issuers by the Trustee or to the Issuers 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 
 (d) default in the performance, or breach, of any covenant in this Indenture (other than a covenant in Article Ten or any other covenant 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 180 days after there has been given, by registered or certified mail, to the Issuers by the Trustee or to the Issuers 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) an Issuer pursuant to or within the meaning of any Bankruptcy Law (i) commences a voluntary case, (ii) consents to the entry
of any order for relief against it in an involuntary case, (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property, or (iv) makes a general assignment for the benefit of its creditors; or

  

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 (f) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law
that (i) is for relief against an Issuer in an involuntary case, (ii) appoints a Custodian of an Issuer or for all or substantially all of its property, or (iii) orders the liquidation of an Issuer; and the order or decree remains
unstayed and in effect for 30 consecutive days; or 
 (g) default in the deposit of any sinking fund payment when due; or

 (h) any other Event of Default provided with respect to Securities of that series in accordance with Section 3.1.

 Section 5.2 Acceleration of Maturity; Rescission and Annulment. 
 If an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of a specified percentage in aggregate principal
amount of the Outstanding Securities of that series may declare the principal amount (or, if the Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of that series)
of all of the Securities of that series 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. Notwithstanding the foregoing, if an Event of Default specified in clause (e) or (f) of Section 5.1 occurs, the Securities of any series at the time Outstanding shall be due and payable immediately without
further action or notice. 
 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 Five provided, the Holders of a majority in principal amount of the Outstanding Securities of that series, by written notice to
the Issuers and the Trustee, may rescind and annul such declaration and its consequences if: 
 (a) the Issuers or, if
applicable, one or more of the Guarantors has paid or deposited with the Trustee a sum sufficient to pay: 
 (i) all overdue
interest on all Securities of that series, 
 (ii) the principal of (and premium, if any, on) any Securities of that series
which have become due otherwise than by such declaration of acceleration and any interest thereon at the rate or rates prescribed therefor in such Securities, 
 (iii) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in
such Securities, and 
 (iv) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel; and 
  

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 (b) all Events of Default with respect to Securities of that series, other than the
non-payment of the principal of Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.13. 
 No such rescission shall affect any subsequent default or impair any right consequent thereon. 
 Section 5.3 Collection
of Indebtedness and Suits for Enforcement by Trustee. 
 The Issuers covenant that if: 
 (a) default is made in the payment of any installment of interest on any Security when such interest becomes due and payable and such
default continues for a period of 30 days (regardless of whether such payment is prohibited by the provisions of Article Fifteen hereof), or 
 (b) default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof (regardless of whether such payment is prohibited by the provisions of Article Fifteen hereof),

 the Issuers 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 any premium and on any overdue interest, at the rate or rates prescribed
therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel. 
 If the Issuers fail to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express
trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Issuers or, if applicable, the Guarantors or any other
obligor upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Issuers or, if applicable, the Guarantors or any other obligor upon such Securities, wherever situated.

 If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to
protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement
of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
 Section 5.4
Trustee May File Proofs of Claim. 
 In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, composition or other judicial proceeding relative to an Issuer or, if applicable, any Guarantor or any other obligor upon the Securities, their property or 

  

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their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or
otherwise and irrespective of whether the Trustee shall have made any demand on the Issuers or, if applicable, the Guarantors for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or
otherwise, 
 (a) to file and prove a claim for the whole amount of principal (and premium, if any) and interest owing and
unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 
 (b) 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, if the Trustee shall consent to the making of such payments directly to the Holders, to
pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.7. 
 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, compromise, arrangement, adjustment or composition affecting the Securities or, if applicable, the Securities Guarantee or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in
any such proceeding; provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 

Section 5.5 Trustee May Enforce Claims Without Possession of Securities. 
 All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating
thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 
 Section 5.6 Application of Money Collected. 
 Any money collected by the Trustee pursuant to this
Article Five 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: 
  

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 FIRST: To the payment of all amounts due the Trustee under Section 6.7; 

SECOND: Subject to Article Fifteen, to the payment of the amounts then due and unpaid for principal of and any premium and interest on
the Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and any premium and
interest, respectively; and 
 THIRD: The balance, if any, to the Issuers or to such party as a court of competent
jurisdiction shall direct. 
 The Trustee may fix a record date and a payment date for any payment to Holders pursuant to this Section 5.6. 

Section 5.7 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 (including, if applicable, the Securities Guarantee), 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 such Holders. 
 Section 5.8 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 

  

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any premium and (subject to Section 3.5 and Section 3.7) interest on such Security on the Stated Maturity or Maturities expressed in such Security
(or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
 Section 5.9 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 Issuers, the Guarantors, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
 Section 5.10 Rights and Remedies
Cumulative. 
 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities
in the last paragraph of Section 3.6, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by
law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the
concurrent assertion or employment of any other appropriate right or remedy. 
 Section 5.11 Delay or Omission Not Waiver. 
 To fullest extent permitted by applicable law, 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 Five or by law to the Trustee or to the Holders may
be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 5.12 Control by
Holders. 
 The Holders of not less than 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, however,
that: 
 (a) such direction shall not be in conflict with any rule of law or with this Indenture; 
 (b) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction; and 
  

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 (c) subject to the provisions of Section 6.1, the Trustee shall have the right to
decline to follow any such direction if the Trustee in good faith shall determine that the proceeding so directed would involve the Trustee in personal liability. 
 Section 5.13 Waiver of Past Defaults. 
 By written notice to the Issuers and the Trustee, 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) a continuing default in the payment of the principal of or any premium or interest on any Security of such series, or 
 (b) a default 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 5.14 Undertaking for Costs. 
 All parties to
this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant, other than the Trustee, in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 5.14
shall not apply to any suit instituted by the Issuers, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities of any
series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any) or interest on any Security on or after the Stated Maturity or Maturities expressed in such Security (or, in the case of
redemption, on or after the Redemption Date). 
 Section 5.15 Waiver of Stay or Extension Laws. 
 Each of the Issuers and the Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any
manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and each of the Issuers and the
Guarantors (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. 
  

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 ARTICLE SIX 
 THE TRUSTEE 
 Section 6.1 Certain Duties and Responsibilities. 
 (a) Except during the continuance of an Event of Default, 
 (i) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and as are provided by the Trust Indenture Act, and no implied covenants or obligations shall be
read into this Indenture against the Trustee; and 
 (ii) in the absence of bad faith on its part, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such
certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether they conform to the requirements of this Indenture.

 (b) In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers
vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 
 (c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that 
 (i) this Subsection shall not be construed to limit
the effect of Subsection (a) of this Section; 
 (ii) the Trustee shall not be liable for any error of judgment made in
good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (iii) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series,
given pursuant to Section 5.12, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the
Securities of such series; and 
  

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 (iv) no provision of this Indenture shall require the Trustee to expend or risk its own
funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, 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. 
 (d) Regardless of whether 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 6.2 Notice of Defaults. 
 Within 90 days after
the occurrence of any Default hereunder with respect to the Securities of any series, the Trustee shall transmit by mail to all Holders of Securities of such series, as their names and addresses appear in the Security Register, notice of such
Default hereunder known to the Trustee, unless such Default shall have been cured or waived; provided, however, that, except in the case of a Default in the payment of the principal of or any premium or interest on any Security of such
series or in the payment of any sinking fund installment with respect to Securities of such series, the Trustee may withhold from Holders of Securities notice of any continuing Default or Event of Default if the Trustee in good faith determines that
the withholding of such notice is in the interest of the Holders of Securities of such series; and, provided, further, that in the case of any Default of the character specified in Section 5.1(c) with respect to Securities of such
series, no such notice to Holders shall be given until at least 90 days after the occurrence thereof and that in the case of any Default of the character specified in Section 5.1(d) with respect to Securities of such series, no such notice to
Holders shall be given until at least 180 days after the occurrence thereof. 
 Section 6.3 Certain Rights of Trustee. 
 Subject to the provisions of Section 6.1: 
 (a) the Trustee may conclusively rely and shall be fully 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 an Issuer or a Guarantor mentioned herein shall be sufficiently evidenced by a Company Request or Company
Order (other than delivery of any Security to the Trustee for authentication and delivery pursuant to Section 3.3, which shall be sufficiently evidenced as provided therein) and any resolution of the Board of Directors may 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) shall be entitled to receive and may, in the absence of bad faith on its part,
rely upon an Officer’s Certificate; 
  

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 (d) the Trustee may consult with counsel and the advice of such counsel or any Opinion of
Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 
 (e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders 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 Issuers, personally or
by agent or attorney; 
 (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 and shall not be responsible for the
supervision of officers and employees of such agents or attorneys; 
 (h) the Trustee may request that the Issuers and, if
applicable, the Guarantors deliver an Officer’s Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be
signed by any person authorized to sign an Officer’s Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded; 
 (i) the Trustee shall be entitled to the rights and protections afforded to the Trustee pursuant to this Article Six in acting as a Paying
Agent or Security Registrar hereunder; and 
 (j) the Trustee shall not be deemed to have notice of any Default or Event of
Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice
references the Notes and this Indenture. 
 Section 6.4 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
Issuers or, if applicable, the Guarantors, and the Trustee or any Authenticating Agent assumes no responsibility for their correctness. 

  

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Neither the Trustee nor any Authenticating Agent makes any representations as to the validity or sufficiency of this Indenture or of the Securities. The
Trustee or any Authenticating Agent shall not be accountable for the use or application by the Issuers of Securities or the proceeds thereof. 
 Section 6.5
May Hold Securities. 
 The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the
Issuers or, if applicable, any Guarantor, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 310(b) and 311 of the Trust Indenture Act and Section 6.8, Section 6.9 and
Section 6.13, may otherwise deal with the Issuers or, if applicable, the Guarantors with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent. 
 Section 6.6 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 in writing with the
Issuers or, if applicable, one or more of the Guarantors. 
 Section 6.7 Compensation and Reimbursement. 
 The Issuers agree: 
 (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 each of the Trustee and its officers, directors,
agents and employees for, and to hold it harmless against, any loss, liability or expense incurred without negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of the trust or trusts
hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. 
 As security for the performance of the obligations of the Issuers under this Section the Trustee shall have a lien prior to the Securities upon all
property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) or interest on particular Securities. 
  

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 Without limiting any rights available to the Trustee under applicable law, when the Trustee incurs
expenses or renders services in connection with an Event of Default specified in Section 5.1(e) or Section 5.1(f), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services of the
Trustee are intended to constitute expenses of administration under any applicable Bankruptcy Law. 
 The provisions of this Section 6.7
shall survive the satisfaction and discharge of this Indenture and the Legal Defeasance of the Securities. 
 Section 6.8 Disqualification; Conflicting
Interests. 
 Reference is made to Section 310(b) of the Trust Indenture Act. There shall be excluded from the operation of
Section 310(b)(1) of the Trust Indenture Act this Indenture with respect to the Securities of more than one series. 
 Section 6.9 Corporate Trustee
Required; Eligibility. 
 There shall at all times be a Trustee hereunder which shall 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 exercise corporate trust powers, having a combined capital and surplus required by the Trust Indenture Act, subject to supervision
or examination by Federal or State authority. If such corporation 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 corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Trustee shall not be an obligor upon the Securities or an Affiliate
thereof. If at any time the Trustee 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 Six. 
 Section 6.10 Resignation and Removal; Appointment of Successor. 
 (a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with
the applicable requirements of Section 6.11. 
 (b) The Trustee may resign at any time with respect to the Securities of
one or more series by giving written notice thereof to the Issuers. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the Trustee within 30 days after the giving of such notice of
resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
 (c) 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 Issuers. 
  

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 (d) If at any time: 
 (i) the Trustee shall fail to comply with Section 310(b) of the Trust Indenture Act after written request therefor by the Issuers or
by any Holder who has been a bona fide Holder of a Security for at least six months, or 
 (ii) the Trustee shall cease to be
eligible under Section 6.9 and shall fail to resign after written request therefor by the Issuers or by any such Holder, or 
 (iii) 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 Issuers by Board Resolutions may remove the Trustee with respect to all Securities, or (B) subject to Section 5.14,
any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities
and the appointment of a successor Trustee or Trustees. 
 (e) 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 Issuers, by Board Resolutions, shall promptly appoint a successor Trustee or Trustees with respect to the
Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the
Securities of any particular series) and shall comply with the applicable requirements of Section 6.11. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to
the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Issuers and the retiring Trustee, the successor Trustee so appointed shall,
forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee
appointed by the Issuers. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Issuers or the Holders and accepted appointment in the manner required by Section 6.11, any Holder who has been a
bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities
of such series. 
 (f) The Issuers shall give notice of each resignation and each removal of the Trustee with respect to the
Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in Section 1.7. Each notice shall include the name of the
successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 
  

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 Section 6.11 Acceptance of Appointment by Successor. 
 (a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed
shall execute, acknowledge and deliver to the Issuers, the Guarantors (if applicable) and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and
such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Issuers or, if applicable, any Guarantor or the successor
Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder. 
 (b) In case of the appointment hereunder
of a successor Trustee with respect to the Securities of one or more (but not all) series, the Issuers, the Guarantors (if applicable), the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall
execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (i) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each
successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (ii) if the retiring Trustee is not retiring
with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to
which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (iii) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of
the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust 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 Issuers, any Guarantor (if applicable) or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all
property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 
  

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

 (d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be
qualified and eligible under this Article and the Trust Indenture Act. 
 Section 6.12 Merger, Conversion, Consolidation or Succession to Business.

 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from
any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided
such corporation shall be otherwise qualified and eligible under this Article Six, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but
not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor
Trustee had itself authenticated such Securities. 
 Section 6.13 Preferential Collection of Claims Against Company. 
 Reference is made to Section 311 of the Trust Indenture Act. For purposes of Section 311(b) of the Trust Indenture Act, 
 (a) the term “cash transaction” means any transaction in which full payment for goods or securities sold is made within seven
days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon demand; 
 (b) the term “self-liquidating paper” means any draft, bill of exchange, acceptance or obligation which is made, drawn, negotiated or incurred by an Issuer or, if applicable, any Guarantor for the purpose of
financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing title to, possession of, or a lien upon, the goods, wares or merchandise or the receivables or
proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee simultaneously with the creation of the creditor relationship with the such Issuer or, if
applicable, such Guarantor arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation. 
 Section
6.14 Appointment of Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents with respect to one or more
series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, registration of transfer or partial redemption 

  

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thereof or pursuant to Section 3.6, 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 Issuers 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 $50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in
this Section. 
 Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to all or substantially all of 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 Issuers
and, if applicable, the Guarantors. 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 Issuers and, if applicable, the Guarantors. 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 Issuers and, if applicable, the Guarantors and shall mail written notice of such appointment by first-class mail, postage prepaid, to all Holders of Securities of the series with respect to which such Authenticating Agent will
serve, as their names and addresses appear in the Security Register. 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. 
 Except with respect to an Authenticating Agent appointed at the request of the Issuers or, if applicable, the Guarantors, the Trustee agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section 6.14, and the Trustee shall be entitled to be reimbursed by the Issuers or, if applicable, the Guarantors for such payments, subject to the provisions of Section 6.7. 
  

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 If an appointment with respect to one or more series is made pursuant to this Section 6.14, the
Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	[________________________________________],
	As Trustee
		
	By:	 	  

		 	As Authenticating Agent
		
	By:	 	  

		 	Authorized Officer

 ARTICLE SEVEN 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 Section 7.1 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 more than 15 days after each Regular Record Date for a series of Securities, a list for such series of Securities,
in such form as the Trustee may reasonably require, of the names and addresses of the Holders of Securities of such series as of such Regular Record Date, and 
 (b) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list
of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that if and so long as the Trustee shall be the Security Registrar, no such list need be furnished with respect
to such series of Securities. 
 Section 7.2 Preservation of Information; Communications to Holders. 
 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the
most recent list furnished to the Trustee as provided in Section 7.1 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in
Section 7.1 upon receipt of a new list so furnished. 
 (b) If three or more Holders (herein referred to as
“applicants”) apply in writing to the Trustee, and furnish to the Trustee reasonable proof that each such applicant has owned a Security for a period of at least six months preceding the date of such application, and such application
states that the applicants desire to communicate with other Holders with respect to their rights under this Indenture or under the Securities 

  

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and is accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Trustee shall, within five
business days after the receipt of such application, at its election, either 
 (i) afford such applicants access to the
information preserved at the time by the Trustee in accordance with Section 7.2(a), or 
 (ii) inform such applicants as
to the approximate number of Holders whose names and addresses appear in the information preserved at the time by the Trustee in accordance with Section 7.2(a), and as to the approximate cost of mailing to such Holders the form of proxy or
other communication, if any, specified in such application. 
 If the Trustee shall elect not to afford such applicants access
to such information, the Trustee shall, upon the written request of such applicants, mail to each Holder whose name and address appear in the information preserved at the time by the Trustee in accordance with Section 7.2(a) a copy of the form
of proxy or other communication which is specified in such request, with reasonable promptness after a tender to the Trustee of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing, unless
within five days after such tender the Trustee shall mail to such applicants and file with the SEC, together with a copy of the material to be mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would be
contrary to the best interest of the Holders or would be in violation of applicable law. Such written statement shall specify the basis of such opinion. If the SEC, after opportunity for a hearing upon the objections specified in the written
statement so filed, shall enter an order refusing to sustain any of such objections or if, after the entry of an order sustaining one or more of such objections, the SEC shall find, after notice and opportunity for hearing, that all the objections
so sustained have been met and shall enter an order so declaring, the Trustee shall mail copies of such material to all such Holders with reasonable promptness after the entry of such order and the renewal of such tender; otherwise the Trustee shall
be relieved of any obligation or duty to such applicants respecting their application. 
 (c) Every Holder of Securities, by
receiving and holding the same, agrees with the Issuers, the Guarantors (if applicable) and the Trustee that none of the Issuers, the Guarantors (if applicable) nor the Trustee nor any agent of any of them shall be held accountable by reason of the
disclosure of any such information as to the names and addresses of the Holders in accordance with Section 7.2(b), regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of
mailing any material pursuant to a request made under Section 7.2(b). 
 Section 7.3 Reports by Trustee. 
 Any Trustee’s report required pursuant to Section 313(a) of the Trust Indenture Act shall be dated as of May 15, and shall be transmitted
within 60 days after May 15 of each year (but in 

  

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all events at intervals of not more than 12 months), commencing with the year 20__, by mail to all Holders, as their names and addresses appear in the
Security Register. 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 SEC and with the Company. The Company will notify the
Trustee when any Securities are listed on any stock exchange. 
 Section 7.4 Reports by Company. 
 So long as clauses (1), (2) and (3) of Section 314(a) of the Trust Indenture Act (or any successor provisions of law) are applicable to
this Indenture, the Company shall: 
 (a) file with the Trustee, within 15 days after the Company files the same with the SEC,
copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may from time to time by rules and regulations prescribe) which the Company may be required to file with
the SEC pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to file information, documents or reports pursuant to either of said Sections, then it shall file with the Trustee and the SEC, in
accordance with rules and regulations prescribed from time to time by the SEC, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of the Exchange Act in respect of a security
listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 
 (b) file with the Trustee and the SEC, in accordance with rules and regulations prescribed from time to time by the SEC, such additional information, documents and reports with respect to compliance by the Company with the conditions and
covenants of this Indenture as may be required from time to time by such rules and regulations; and 
 (c) transmit by mail to
all Holders, as their names and addresses appear in the Security Register, within 30 days after the filing thereof with the Trustee, such summaries of any information, documents and reports required to be filed by the Company pursuant to clauses
(a) and (b) of this Section as may be required by rules and regulations prescribed from time to time by the SEC. 
 ARTICLE
EIGHT 
 CONSOLIDATION, AMALGAMATION, MERGER AND SALE 
 Section 8.1 Company May Consolidate, Etc., Only on Certain Terms. 
 The Company shall not consolidate,
amalgamate or merge with or into any other Person, convert into another Person or sell, convey, transfer, lease or otherwise dispose, amalgamate of all or substantially all of the properties and assets of the Company and, if applicable, the
Guarantors on a consolidated basis to any other Person unless: 
 (a) either: (i) the Company is the surviving
corporation; or (ii) the Person formed by or surviving any such consolidation, amalgamation or merger or resulting from such conversion (if other than the Company) or to which such sale, assignment, transfer, conveyance or other disposition has
been made is a corporation, limited liability company or limited partnership organized or existing under the laws of the United States, any state of the United States or the District of Columbia; 
  

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 (b) the Person formed by or surviving any such conversion, consolidation, amalgamation or
merger (if other than the Company) or the Person to which such sale, assignment, transfer, conveyance or other disposition has been made assumes all the obligations of the Company under the Securities and this Indenture pursuant to agreements
reasonably satisfactory to the Trustee; provided that, unless such Person is a corporation, a corporate co-issuer of the Securities will be added to this Indenture by agreements reasonably satisfactory to the Trustee; 
 (c) immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time or both,
would become an Event of Default, shall have occurred and be continuing; and 
 (d) the Company has delivered to the Trustee
an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, amalgamation, merger, conveyance, sale, transfer or lease and such supplemental indenture, if any, comply with this Article Eight and that all conditions
precedent herein provided for relating to such transaction have been complied with. 
 HNS Finance shall not consolidate or merge with or into any other
Person, convert into another Person, or convey, transfer or amalgamate lease any assets to any other Person (other than as permitted under Section 10.7). 
 Section 8.2 Successor Substituted. 
 Upon any consolidation, amalgamation or merger of the Company with or into any other
Person, any conversion into another Person or any sale, conveyance, transfer, lease or other disposition of all or substantially all of the properties and assets of the Company and, if applicable, the Guarantors on a consolidated basis in accordance
with Section 8.1, the successor or resulting Person formed by or resulting upon such conversion, consolidation, amalgamation or merger (if other than the Company) or to which such sale, conveyance, transfer, lease or other disposition 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 Company and each of the Guarantors shall be relieved of all obligations and covenants under this Indenture and the Securities. 
 ARTICLE NINE 
 AMENDMENT, SUPPLEMENT AND WAIVER 
 Section 9.1 Without Consent of Holders. 
 The Issuers,
the Guarantors and the Trustee may amend or supplement this indenture, the Securities Guarantees or the Securities without the consent of any holder of a Security: 
 (a) to cure any ambiguity or to correct or supplement any provision herein that may be inconsistent with any other provision herein; or

  

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 (b) 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, to the extent applicable, to the Securities; or 
 (c) to provide
for uncertificated Securities in addition to or in place of certificated Securities; provided that the uncertificated Securities are issued in registered form for purposes of Section 163(f) of the Code, or in the manner such that the
uncertificated Securities are described in Section 163(f)(2)(B) of the Code; or 
 (d) to add a Securities Guarantee and
cause any Person to become a Guarantor, and/or to evidence the succession of another Person to a Guarantor and the assumption by any such successor of the Securities Guarantee of such Guarantor herein and, to the extent applicable, endorsed upon any
Securities of any series; or 
 (e) to secure the Securities of any series; or 
 (f) to add to the covenants of the Issuers such further covenants, restrictions, conditions or provisions as the Issuers shall consider to
be appropriate for the benefit of the Holders of all or any series of Securities (and if such covenants, restrictions, conditions or provisions are to be for the benefit of less than all series of Securities, stating that such covenants are
expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Issuers and to make the occurrence, or the occurrence and continuance, of a Default in any such additional covenants,
restrictions, conditions or provisions an Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth; provided, that in respect of any such additional covenant,
restriction, condition or provision such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate
enforcement upon such an Event of Default or may limit the remedies available to the Trustee upon such an Event of Default or may limit the right of the Holders of a majority in aggregate principal amount of the Securities of such series to waive
such an Event of Default; or 
 (g) to make any change to any provision of this Indenture that does not adversely affect the
rights or interests of any Holder of Securities; or 
 (h) provide for the issuance of additional Securities in accordance
with the provisions set forth in this Indenture on the date of this Indenture; or 
 (i) to add any additional Defaults or
Events of Default in respect of all or any series of Securities; or 
 (j) to add to, change or eliminate 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 
  

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 (k) to change or eliminate any of the provisions of this Indenture; provided that
any such change or elimination shall become effective only when there is no Security Outstanding of any series created prior to the execution of such supplemental indenture that is entitled to the benefit of such provision; or 
 (l) to establish the form or terms of Securities of any series as permitted by Section 2.1 and Section 3.1, including to reopen
any series of any Securities as permitted under Section 3.1; or 
 (m) to evidence and provide for the acceptance of
appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts
hereunder by more than one Trustee, pursuant to the requirements of Section 6.11(b); or 
 (n) to conform the text of the
indenture (and/or any supplemental indenture) or any debt securities issued thereunder to any provision of a description of such debt securities appearing in a prospectus or prospectus supplement or an offering memorandum or offering circular to the
extent that such provision was intended to be a verbatim recreation of a provision of the indenture (and/or any supplemental indenture) or any debt securities issued thereunder; or 
 (o) to modify, eliminate or add to the provisions of this Indenture to such extent as shall be necessary to effect the qualification of
this Indenture under the Trust Indenture Act or under any similar federal statute subsequently enacted, and to add to this Indenture such other provisions as may be expressly required under the Trust Indenture Act. 
 Upon the request of the Issuers accompanied by a resolution of their respective Boards of Directors authorizing the execution of any such amended or
supplemental indenture, the Trustee is hereby authorized to join with the Company and any Guarantor in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations that may be therein contained and to
accept the conveyance, transfer, assignment, mortgage, charge or pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such supplemental indenture that affects the Trustee’s own rights, duties or immunities
under this Indenture or otherwise. 
 Section 9.2 With Consent of Holders. 
 The Issuers , the Guarantors, if applicable, and the Trustee may amend or supplement this Indenture, the Securities Guarantees and the Securities with the
consent of the Holders of a majority in aggregate principal amount of the Outstanding Securities of each series of Securities affected by such amendment or supplemental indenture, with each such series voting as a separate class (including, without
limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for Securities) and, subject to Section 5.8 and Section 5.13 

  

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hereof, any existing Default or Event of Default or compliance with any provision of this Indenture, the Securities Guarantees or the Securities may be
waived with respect to each series of Securities with the consent of the Holders of a majority in principal amount of the Outstanding Securities of such series voting as a separate class (including consents obtained in connection with a purchase of,
or tender offer or exchange offer for, Securities). 
 Upon the request of the Issuers accompanied by a resolution of their respective Boards
of Directors authorizing the execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Securities as aforesaid, and upon receipt by the
Trustee of the documents described in Section 6.3 hereof, the Trustee will join with the Issuers and the Guarantors, if any, in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly
affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental Indenture. 
 It is not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any proposed amendment
or waiver, but it is sufficient if such consent approves the substance of the proposed amendment or waiver. 
 After an amendment, supplement
or waiver under this Section 9.2 becomes effective, the Issuers will mail to the Holders of Securities affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Issuers to mail such notice, or any
defect therein, will not, however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver. Subject to Section 5.8 and Section 5.13 hereof, the application of or compliance with, either generally or
in any particular instance, of any provision of this Indenture, the Securities or the Securities Guarantees may be waived as to each series of Securities by the Holders of a majority in aggregate principal amount of the Outstanding Securities of
such series. However, without the consent of each Holder affected, an amendment or waiver under this Section 9.2 may not (with respect to any Securities held by a non-consenting Holder): 
 (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 that would be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 5.2, or change any Place of Payment where, or the coin or currency in which, any Security or any premium or the interest thereon is payable, or impair the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or 
 (b) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for
any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or 
  

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 (c) modify any of the provisions of this Section 9.2, Section 5.8,
Section 5.13 or Section 10.6, 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 (c) 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, or the deletion of
this proviso, in accordance with the requirements of Section 6.11(b) and Section 9.1(i); or 
 (d) waive a
redemption payment with respect to any Security; provided, however, that any purchase or repurchase of Securities shall not be deemed a redemption of the Securities; or 
 (e) release any Guarantor from any of its obligations under its Securities Guarantee or this Indenture, except in accordance with the
terms of this Indenture (as supplemented by any supplemental indenture); or 
 (f) make any change in the foregoing amendment
and waiver provisions. 
 A supplemental indenture that changes or eliminates any covenant or other provision of this Indenture that has
expressly been included solely for the benefit of one or more particular series of Securities, or that 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 9.2 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 Section 9.3 Execution of Supplemental Indentures. 
 In executing, or accepting the additional trusts
created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 6.1) 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 9.4 Effect of Supplemental Indentures. 
 Upon the execution of any supplemental indenture under this Article Nine, 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. 
  

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 Section 9.5 Conformity with Trust Indenture Act. 
 Every supplemental indenture executed pursuant to this Article Nine shall conform to the requirements of the Trust Indenture Act as then in effect.

 Section 9.6 Reference in Securities to Supplemental Indentures. 
 Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article Nine 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 Issuers shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Issuers, to any such supplemental indenture may be
prepared and executed by the Issuers and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 
 ARTICLE TEN 
 COVENANTS 
 Section 10.1 Payment of Principal, Premium and Interest. 
 The Issuers covenant and agree for the benefit of each series of
Securities that the Issuers will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture. 
 Section 10.2 Maintenance of Office or Agency. 
 The
Issuers will maintain in the United States, an office or agency (which may be an office of the Trustee or Registrar or agent of the Trustee or Registrar) 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 Issuers in respect of the Securities of that series and this Indenture may be served. The Issuers 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 Issuers 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. 
 The Issuers 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. The Issuers 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. 
 Except as otherwise specified with respect to a series of Securities as contemplated by Section 3.1, the Issuers hereby initially designates the office of the Trustee located at
                                        
            , as the Company’s office or agency for each such purpose for each series of Securities. 
  

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 Section 10.3 Money for Securities Payments to Be Held in Trust. 
 If an Issuer 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 and 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. 
 Whenever the Issuers shall have one or more Paying Agents for any series of Securities, it will, prior to each due date of the principal of and any premium or interest on any Securities of that series, deposit with a Paying Agent a sum
sufficient to pay the principal and any premium or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Issuers will
promptly notify the Trustee of its action or failure so to act. For purposes of this Section 10.3, should a due date for principal of and any premium or interest on, or sinking fund payment with respect to any series of Securities not be on a
Business Day, such payment shall be due on the next Business Day without any interest for the period from the due date until such Business Day. 
 The Issuers will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this
Section, that such Paying Agent will: 
 (a) hold all sums held by it for the payment of the principal of and any premium or
interest on Securities of that series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
 (b) give the Trustee notice of any Default by the Issuers (or any other obligor upon the Securities of that series) in the making of any
payment of principal and any premium or interest on the Securities of that series; and 
 (c) at any time during the
continuance of any such Default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
 The Issuers and, if applicable, the Guarantors 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 Issuers or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by such Issuer 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. 
 Subject to any
applicable escheat or abandoned property laws, any money deposited with the Trustee or any Paying Agent, or then held by an Issuer, in trust for the payment of the principal of and any premium or interest on any Security of any series and remaining
unclaimed 

  

 63 

 
for one year after such principal and any 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 Issuers cause
to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in the Borough of Manhattan, The City of New York, notice that such money remains unclaimed and that, after
a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
 Section 10.4 Existence. 
 Subject to Article Eight and Section 10.7, the Issuers and, if any
Securities of a series to which Article Fourteen has been made applicable are Outstanding, each Guarantor 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 Issuers and, if applicable, each Guarantor 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 Issuers or such Guarantor, as the case may be. 
 Section 10.5 Statement by Officers as to Default.

 Annually, within 150 days after the close of each fiscal year beginning with the first fiscal year during which one or more series of
Securities are Outstanding, the Issuers and, if any Securities of a series to which Article Fourteen has been made applicable are Outstanding, each Guarantor will deliver to the Trustee a brief certificate (which need not include the statements set
forth in Section 1.3) from the principal executive officer, principal financial officer or principal accounting officer of each Issuer and, if applicable, such Guarantor as to his or her knowledge of such Issuers’ or such Guarantor’s,
as the case may be, compliance (without regard to any period of grace or requirement of notice provided herein) with all conditions and covenants under the Indenture and, if such Issuer or such Guarantor, as the case may be, shall be in Default,
specifying all such Defaults and the nature and status thereof of which such officer has knowledge. 
 Section 10.6 Additional Amounts. 
 If the Securities of a series provide for the payment of additional amounts (as provided in Section 3.1(o)), at least 10 days prior to the first
Interest Payment Date with respect to that series of Securities and at least 10 days prior to each date of payment of principal of, premium, if any, or interest on the Securities of that series if there has been a change with respect to the matters
set forth in the below-mentioned Officer’s Certificate, the Company shall furnish to the Trustee and the principal Paying Agent, if other than the Trustee, an Officer’s Certificate instructing the Trustee and such Paying Agent whether such
payment of principal of, premium, if any, or interest on the Securities of that series shall be made to holders of the Securities of that series 

  

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without withholding or deduction for or on account of any tax, assessment or other governmental charge described in the Securities of that series. If any
such withholding or deduction shall be required, then such Officer’s Certificate shall specify by country the amount, if any, required to be withheld or deducted on such payments to such holders and shall certify the fact that additional
amounts will be payable and the amounts so payable to each holder, and the Issuers shall pay to the Trustee or such Paying Agent the additional amounts required to be paid by this Section. The Issuers covenant to indemnify the Trustee and any Paying
Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any
Officer’s Certificate furnished pursuant to this Section 10.6. 
 Whenever in this Indenture there is mentioned, in any context,
the payment of the principal of or any premium, interest or any other amounts on, or in respect of, any Securities of any series, such mention shall be deemed to include mention of the payment of additional amounts provided by the terms of such
series established hereby or pursuant hereto to the extent that, in such context, additional amounts are, were or would be payable in respect thereof pursuant to such terms, and express mention of the payment of additional amounts (if applicable) in
any provision hereof shall not be construed as excluding the payment of additional amounts in those provisions hereof where such express mention is not made. 
 Section 10.7 Restrictions on Activities of HNS Finance Corp. 
 Other than in connection with or incident to its obligations
relating to the Securities under this Indenture and its existence, HNS Finance will not hold any assets, become liable for any obligations or engage in any business activities, including, without limitation, any business activities that would be
subject of the covenants set forth in this Indenture; provided, however, that HNS Finance may be a co-obligor (or a guarantor) with respect to indebtedness if the Company is a primary obligor of such indebtedness and the net proceeds of such
indebtedness are received by the Company or one or more of the Company’s Subsidiaries other then HNS Finance. At any time after the Company or a successor is a corporation, HNS Finance may consolidate or merge with or into the Company or any
Subsidiary of the Company. 
 ARTICLE ELEVEN 
 REDEMPTION OF SECURITIES 
 Section 11.1 Applicability of Article. 
 Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise
specified as contemplated by Section 3.1 for Securities of any series) in accordance with this Article Eleven. 
 Section 11.2 Election to Redeem;
Notice to Trustee. 
 The election of the Issuers to redeem any Securities shall be evidenced by a Board Resolution of each Issuer. In
case of any redemption at the election of the Issuers of less than all the Securities of any series, the Company shall, at least 15 days prior to the last date for the giving of notice of such redemption (unless a shorter notice shall be
satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such 

  

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series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities (a) prior to the
expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture or (b) pursuant to an election of the Issuers that is subject to a condition specified in the terms of the Securities of
the series to be redeemed, the Issuers shall furnish the Trustee with an Officer’s Certificate evidencing compliance with such restriction or condition. 
 Section 11.3 Selection by Trustee of Securities to Be Redeemed. 
 If less than all the Securities of any series are to be
redeemed (unless all of the Securities of such series and of a specified tenor are to be redeemed), the particular Securities to be redeemed shall be selected not more than 45 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 portions (equal to the minimum authorized denomination for
Securities of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. 
 The Trustee shall promptly notify the Issuers in writing of the Securities selected for redemption and, in the case of any Securities selected for
partial redemption, the principal amount thereof to be redeemed. If the Securities of any series to be redeemed consist of Securities having different dates on which the principal is payable or different rates of interest, or different methods by
which interest may be determined or have any other different tenor or terms, then the Issuers may, by written notice to the Trustee, direct that the Securities of such series to be redeemed shall be selected from among the groups of such Securities
having specified tenor or terms and the Trustee shall thereafter select the particular Securities to be redeemed in the manner set forth in the preceding paragraph from among the group of such Securities so specified. 
 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the
case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed. 
 Section 11.4 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, or if not then ascertainable, the manner of calculation thereof, 
  

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 (c) if less than all the Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amounts) of the particular Securities 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) the place or places where such Securities are to be surrendered for payment of the Redemption Price, and 
 (f) that the redemption is for a sinking fund, if such is the case. 
 Notice of redemption of Securities to be redeemed at the election of the Issuers shall be given by the Issuers or, at the Issuers’ request, by the Trustee in the name and at the expense of the Company.

 Section 11.5 Deposit of Redemption Price. 
 Prior to any Redemption Date, the Issuers shall deposit with the Trustee or with a Paying Agent (or, if an Issuer is acting as Paying Agent, segregate and hold in trust as provided in Section 10.3) an amount of money sufficient to pay
the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities which are to be redeemed on that date. 
 Section 11.6 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 Issuers 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 Issuers at the Redemption Price, together with accrued interest to
the Redemption Date; provided, however, that unless otherwise specified with respect to Securities of any series as contemplated in Section 3.1, installments of interest whose Stated Maturity is on or prior to the Redemption Date shall
be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant record dates according to their terms and the provisions of Section 3.7. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid,
bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
 Section 11.7 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 Issuers or the Trustee so requires,
due endorsement by, or a written instrument of transfer in form satisfactory to the Issuers and the Trustee duly executed by, the 

  

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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 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 12.1 Applicability of Article. 
 The provisions of this Article Twelve shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified
as contemplated by Section 3.1 for Securities of such series. 
 The minimum amount of any sinking fund payment provided for by the
terms of Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an
“optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.2. Each sinking fund payment shall be applied
to the redemption of Securities of any series as provided for by the terms of Securities of such series. 
 Section 12.2 Satisfaction of Sinking Fund
Payments with Securities. 
 The Company (a) may deliver Outstanding Securities of a series (other than any previously called for
redemption) and (b) may apply as a credit Securities of a series which have been redeemed either at the election of the Issuers pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments
pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the
terms of such series; provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption
through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 
 Section 12.3 Redemption of Securities
for Sinking Fund. 
 Not less than 45 days prior to each sinking fund payment date for any series of Securities (unless a shorter period
shall be satisfactory to the Trustee), the Issuers will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that series, 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 of that series pursuant to Section 12.2 and stating the basis for such credit and that such
Securities have not been previously so credited, and will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon
such sinking fund payment date 

  

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in the manner specified in Section 11.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Issuers in the
manner provided in Section 11.4. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 11.6 and Section 11.7. 
 ARTICLE THIRTEEN 
 DEFEASANCE

 Section 13.1 Option to Effect Legal Defeasance or Covenant Defeasance. 
 The Issuers may, at the option of their respective Boards of Directors evidenced by a resolution set forth in an Officers’ Certificate, and at any
time, elect to have either Section 13.2 or Section 13.3 hereof be applied to all outstanding Securities upon compliance with the conditions set forth below in this Article Thirteen. 
 Section 13.2 Legal Defeasance and Discharge. 
 Upon
the Issuers’ exercise under Section 13.1 hereof of the option applicable to this Section 13.2, the Issuers and each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 13.4 hereof, be deemed
to have been discharged from their obligations with respect to all outstanding Securities (including the Securities Guarantees) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose,
Legal Defeasance means that the Issuers and the Guarantors will be deemed to have paid and discharged the entire Debt represented by the outstanding Securities (including the Securities Guarantees), which will thereafter be deemed to be
“outstanding” only for the purposes of Section 13.5 hereof and the other sections of this Indenture referred to in clauses (a) and (b) below, and to have satisfied all their other obligations under such Securities, the
Securities Guarantees and this Indenture (and the Trustee, on demand of and at the expense of the Issuers, shall execute proper instruments acknowledging the same), except for the following provisions which will survive until otherwise terminated or
discharged hereunder: 
 (a) the rights of Holders of Outstanding Securities to receive payments in respect of the principal
of, or interest or premium, if any, on such Securities when such payments are due from the trust referred to in Section 13.4 hereof; 
 (b) the Issuers’ obligations with respect to such Securities under Section 3.4, Section 3.5, Section 3.6, Section 10.2 and Section 10.3 hereof; 
 (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Issuers’ and the Guarantors’ obligations
in connection therewith; and 
 (d) this Article Thirteen. 
 Subject to compliance with this Article Thirteen, the Company may exercise their option under this Section 13.2 notwithstanding the prior exercise
of its option under Section 13.3 hereof. 
  

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 Section 13.3 Covenant Defeasance. 
 Upon the Issuers’ exercise under Section 13.1 hereof of the option applicable to this Section 13.3, the Issuers and each of the Guarantors will, subject to the satisfaction of the conditions set forth
in Section 13.4 hereof, be released from each of their obligations under the covenants contained in Section 7.4, Section 8.1 and Section 10.4 hereof as well as any Additional Defeasible Provisions (such release and termination
hereinafter referred to as “Covenant Defeasance”), and the Securities will thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any
thereof) in connection with such covenants, but will continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Securities will not be deemed outstanding for accounting purposes). For this purpose,
Covenant Defeasance means that, with respect to the outstanding Securities and Securities Guarantees, the Issuers and the Guarantors may omit to comply with and will have no liability in respect of any term, condition or limitation set forth in any
such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply
will not constitute a Default or an Event of Default under Section 5.1 hereof, but, except as specified above, the remainder of this Indenture and such Securities and Securities Guarantees will be unaffected thereby. In addition, upon the
Issuers’ exercise under Section 13.1 hereof of the option applicable to this Section 13.3 hereof, subject to the satisfaction of the conditions set forth in Section 13.4 hereof, Section 5.1(c) and Section 5.1(d) hereof
and will not constitute Events of Default. 
 Section 13.4 Conditions to Legal or Covenant Defeasance. 
 In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 13.2 or Section 13.3 hereof: 
 (a) the Issuers must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of the Securities, cash in U.S.
dollars, non-callable U.S. Government Obligations, or a combination of cash in U.S. dollars and non-callable U.S. Government Obligations, in such amounts as will be sufficient, in the opinion of a nationally recognized investment bank, appraisal
firm, or firm of independent public accountants to pay the principal of, or interest and premium, if any, on the Outstanding Securities on the stated date for payment thereof or on the applicable redemption date, as the case may be, and the Issuers
must specify whether the Securities are being defeased to such stated date for payment or to a particular redemption date; 
 (b) in the case of an election under Section 13.2 hereof, the Issuers must deliver to the Trustee an Opinion of Counsel confirming that: 
 (i) the Issuers have received from, or there has been published by, the Internal Revenue Service a ruling; or 
 (ii) since the Issue Date, there has been a change in the applicable federal income tax law, 
  

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 in either case to the effect that, and based thereon such Opinion of Counsel will confirm that, the
Holders of the Outstanding Securities will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same
times as would have been the case if such Legal Defeasance had not occurred; 
 (c) in the case of an election under
Section 13.3 hereof, the Issuers must deliver to the Trustee an Opinion of Counsel confirming that the Holders of the Outstanding Securities will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant
Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 
 (d) no Default or Event of Default has occurred and is continuing on the date of such deposit (other than a Default or Event of Default
resulting from the borrowing of funds to be applied to such deposit); 
 (e) the deposit will not result in a breach or
violation of, or constitute a default under, any other instrument to which either Issuer or any Guarantor is a party or by which either Issuer or any Guarantor is bound; 
 (f) such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under, any material
agreement or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 
 (g) the Issuers must deliver to the Trustee an Officers’ Certificate stating that the deposit was not made by the Issuers with the
intent of preferring the Holders of Securities over the other creditors of either Issuer with the intent of defeating, hindering, delaying or defrauding any other creditors of such Issuer or others; 
 (h) the Issuers must deliver to the Trustee an Officers’ Certificate, stating that all conditions precedent set forth in clauses
(a) through (g) of this Section 13.4 have been complied with; and 
 (i) the Issuers must deliver to the
Trustee an Opinion of Counsel (which Opinion of Counsel may be subject to customary assumptions, qualifications and exclusions), stating that all conditions precedent set forth in clauses (b), (c) and (e) of this Section 13.4 have
been complied with; provided that the Opinion of Counsel with respect to clause (e) of this Section 13.4 may be to the knowledge of such counsel. 
 Section 13.5 Deposited Money and U.S. Government Obligations to be Held in Trust, Other Miscellaneous Provisions. 
 Subject
to Section 13.6 hereof, all money and non-callable U.S. Government Obligation (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 13.5, the
“Trustee”) pursuant to Section 13.4 hereof in 

  

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respect of the Outstanding Securities will 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 Paying Agent (including an Issuer acting as Paying Agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal,
premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 
 The Issuers
will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable U.S. Government Obligations deposited pursuant to Section 13.4 hereof 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 the Outstanding Securities. 
 Notwithstanding anything in this Article Thirteen to the contrary, the Trustee will deliver or pay to the Company from time to time upon the request of the Company any money or non-callable U.S. Government Obligations held by it as provided
in Section 13.4 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 13.4(a)
hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 
 Section 13.6 Repayment. 
 Any money deposited with the Trustee or any Paying Agent, or then held by an Issuer, in trust for
the payment of the principal of, premium, if any, or interest on any Security and remaining unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall be paid to the Company on its request or (if then
held by the Company) will be discharged from such trust; and the Holder of such Security will thereafter be permitted to 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, will 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 Issuers cause to be
published once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such notification or
publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
 Section 13.7 Reinstatement. 
 If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable U.S. Government Obligations in accordance with
Section 13.2 or Section 13.3 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Issuers’ and the
Guarantors’ obligations under this Indenture and the Securities and the Securities Guarantees will be revived and reinstated as though no deposit had occurred pursuant to Section 13.2 or Section 13.3 hereof until such time as the
Trustee or Paying Agent is permitted to apply all such money in accordance with Section 13.2 or Section 13.3 hereof, as the case may be; provided, however, 

  

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that, if an Issuer makes any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its obligations, such Issuer
will be subrogated to the rights of the Holders of such Securities to receive such payment from the money held by the Trustee or Paying Agent. 
 ARTICLE FOURTEEN 
 GUARANTEE OF SECURITIES 
 Section 14.1 Securities Guarantee. 
 (a) Subject to the other provisions of this
Article Fourteen, each of the Guarantors hereby jointly and severally, guarantees to each Holder of a Security of each series to which this Article Fourteen has been made applicable as provided in Section 3.1(t) (the Securities of such series
being referred to herein as the “Guaranteed Securities”) (which Security has been authenticated and delivered by the Trustee), and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this
Indenture, the Guaranteed Securities, the obligations of the Company hereunder or thereunder, that: 
 (i) the principal of,
premium, if any, and interest on the Guaranteed Securities will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Guaranteed Securities, if
any, if lawful, and all other obligations of the Issuers to the Holders of Guaranteed Securities, or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

(ii) in case of any extension of time of payment or renewal of any Guaranteed Securities or any of such other obligations, that same
will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 
 Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that
this is a guarantee of payment and not a guarantee of collection. 
 (b) To the extent permissible under applicable law, the
obligations of the Guarantors under this Securities Guarantee are unconditional, irrespective of the validity, regularity or enforceability of the Guaranteed Securities or this Indenture, the absence of any action to enforce the same, any waiver or
consent by any Holder of the Guaranteed Securities with respect to any provisions hereof or thereof, the recovery of any judgment against an Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or
equitable discharge or defense of a guarantor. To the extent permitted by applicable law, each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of an Issuer,
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all demands whatsoever and covenant that this Securities Guarantee will not be discharged except by complete performance of the obligations contained in the
Guaranteed Securities and this Indenture. 
 (c) If any Holder or the Trustee is required by any court or otherwise to return
to an Issuer, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuers or the Guarantors, any amount paid by any of them to the Trustee or such Holder, this Securities Guarantee, to the
extent theretofore discharged, will be reinstated in full force and effect. 
 (d) Each Guarantor agrees that it will not be
entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, to the extent permitted by applicable
law, as between the Guarantors, on the one hand, and the Holders of Guaranteed Securities and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article Five hereof for the
purposes of this Securities Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such
obligations as provided in Article Five hereof, such obligations (regardless of whether due and payable) will forthwith become due and payable by the Guarantors for the purpose of this Securities Guarantee. The Guarantors will have the right to seek
contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Securities Guarantee. 
 Section 14.2 Limitation on Guarantor Liability. 
 Each Guarantor, and by its acceptance of Guaranteed Securities, each Holder
thereof, hereby confirms that it is the intention of all such parties that the Securities Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Securities Guarantee. To effectuate the foregoing intention, the Trustee, to the extent permitted under applicable law, the Holders and each
Guarantor hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant
under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article Fourteen, result
in the obligations of such Guarantor under its Securities Guarantee not constituting a fraudulent transfer or conveyance. 
 Section 14.3 Execution and
Delivery of Securities Guarantee Notation. 
 To evidence its Securities Guarantee set forth in Section 14.1 hereof, each Guarantor
hereby agrees that a notation of such Securities Guarantee substantially in the form set forth in Section 2.3 or established pursuant to a Board Resolution or in a supplemental indenture, in accordance with the provisions of Section 2.1,
will be endorsed by an officer of such Guarantor on each Guaranteed Security authenticated and delivered by the Trustee and that this Indenture will be executed on behalf of such Guarantor by one of its officers. 
  

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 Each Guarantor hereby agrees that its Securities Guarantee set forth in Section 14.1 hereof will
remain in full force and effect notwithstanding any failure to endorse on each Guaranteed Security a notation of such Securities Guarantee. 
 If an officer whose signature is on this Indenture or on the Securities Guarantee no longer holds that office at the time the Trustee authenticates the Guaranteed Security on which a Securities Guarantee is endorsed, the Securities
Guarantee will be valid nevertheless. 
 The delivery of any Guaranteed Security by the Trustee, after the authentication thereof hereunder,
will constitute due delivery of the Securities Guarantee of such Guaranteed Security set forth in this Indenture on behalf of the Guarantors. 
 ARTICLE FIFTEEN 
 SUBORDINATION OF SECURITIES 
 Section 15.1 Securities Subordinated to Senior Debt. 
 The Issuers and the Trustee each covenants and
agrees, and each Holder, by its acceptance of a Security, likewise covenants and agrees that all Securities shall be issued subject to the provisions of this Article Fifteen; and each Person holding any Security, whether upon original issue or upon
transfer, assignment or exchange thereof, accepts and agrees that the payment of the principal of, interest and premium, if any, on each and all of the Securities shall, to the extent and in the manner set forth in this Article Fifteen, be
subordinated in right of payment to the prior payment in full, in cash or cash equivalents, of all existing and future Senior Debt. 
 Section 15.2 No
Payment on Securities in Certain Circumstances. 
 (a) No direct or indirect payment by or on behalf of the Issuers of the
principal of, interest and premium, if any, on each and all of the Securities (other than with the money, securities or proceeds held under any defeasance trust established in accordance with this Indenture), whether pursuant to the terms of the
Securities or upon acceleration or otherwise shall be made if, at the time of such payment, there exists a default in the payment of all or any portion of the obligations on any Senior Debt and such default shall not have been cured or waived or the
benefits of this sentence waived by or on behalf of the holders of such Senior Debt. 
 (b) During the continuance of any
other event of default with respect to any Designated Senior Debt pursuant to which the maturity thereof may be accelerated, upon receipt by the Trustee of written notice from the trustee or other representative for the holders of such Designated
Senior Debt (or the holders of at least a majority in principal amount of such Designated Senior Debt then outstanding), no payment of the principal of, interest or premium, if any, on each and all of the Securities (other than with the money,
securities or proceeds held under any defeasance trust established in accordance with this Indenture) may be made by or on behalf of the Issuers upon or in respect of the 

  

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Securities for a period (a “Payment Blockage Period”) commencing on the date of receipt of such notice and ending 179 days thereafter (unless, in
each case, such Payment Blockage Period has been terminated by written notice to the Trustee from such trustee of, or other representatives for, such holders or by payment in full in cash or cash equivalents of such Designated Senior Debt or such
event of default has been cured or waived). Not more than one Payment Blockage Period may be commenced with respect to the Securities during any period of 360 consecutive days. Notwithstanding anything in this Indenture to the contrary, there must
be 180 consecutive days in any 360-day period in which no Payment Blockage Period is in effect. No event of default that existed or was continuing (it being acknowledged that any subsequent action that would give rise to an event of default pursuant
to any provision under which an event of default previously existed or was continuing shall constitute a new event of default for this purpose) on the date of the commencement of any Payment Blockage Period with respect to the Designated Senior Debt
initiating such Payment Blockage Period shall be, or shall be made, the basis for the commencement of a second Payment Blockage Period by the trustee or other representative for the holders of such Designated Senior Debt, whether or not within a
period of 360 consecutive days, unless such event of default shall have been cured or waived for a period of not less than 90 consecutive days. 
 (c) In the event that, notwithstanding the foregoing, any payment shall be received by the Trustee or any Holder when such payment is prohibited by clause (a) or (b) above, the Trustee shall promptly notify
the holders of Senior Debt of such prohibited payment and such payment shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of Senior Debt or their respective representatives, or to the trustee or trustees
under any indenture pursuant to which any of such Senior Debt may have been issued, as their respective interests may appear, but only to the extent that, upon notice from the Trustee to the holders of Senior Debt that such prohibited payment has
been made, the holders of the Senior Debt (or their representative or representatives of a trustee) within 30 days of receipt of such notice from the Trustee notify the Trustee of the amounts then due and owing on the Senior Debt, if any, and only
the amounts specified in such notice to the Trustee shall be paid to the holders of Senior Debt and any excess above such amounts due and owing on Senior Debt shall be paid to the Company. 
 Section 15.3 Payment over Proceeds upon Dissolution, Etc. 
 (a) Upon any payment or distribution of assets or securities of the Company of any kind or character, whether in cash, property or securities (other than with the money, securities or proceeds held under any
defeasance trust established in accordance with this Indenture), in connection with any dissolution or winding up or total or partial liquidation or reorganization of the Issuers, whether voluntary or involuntary, or in bankruptcy, insolvency,
receivership or other proceedings or other marshalling of assets for the benefit of creditors, all amounts due or to become due upon all Senior Debt shall first be paid in full, in cash or cash equivalents, before the Holders or the Trustee on their
behalf shall be entitled to receive any payment by (or on behalf of) the Issuers on account of the Securities, or any payment to acquire any of the Securities for cash, property or securities, or any distribution with respect to the Securities of
any cash, property or securities. Before any payment may be made by, or on behalf of, the Issuers on any 

  

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Security (other than with the money, securities or proceeds held under any defeasance trust established in accordance with this Indenture), in connection
with any such dissolution, winding up, liquidation or reorganization, any payment or distribution of assets or securities for the Issuers of any kind or character, whether in cash, property or securities, to which the Holders or the Trustee on their
behalf would be entitled, but for the provisions of this Article Fifteen, shall be made by the Issuers or by any receiver, trustee in bankruptcy, liquidating trustee, agent or other similar Person making such payment or distribution or by the
Holders or the Trustee if received by them or it, directly to the holders of Senior Debt (pro rata to such holders on the basis of the respective amounts of Senior Debt held by such holders) or their representatives or to any trustee or trustees
under any indenture pursuant to which any such Senior Debt may have been issued, as their respective interests appear, to the extent necessary to pay all such Senior Debt in full, in cash or cash equivalents, after giving effect to any concurrent
payment, distribution or provision therefor to or for the holders of such Senior Debt. 
 (b) To the extent any payment of
Senior Debt (whether by or on behalf of the Issuers, as proceeds of security or enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential, set aside or required to be paid to any receiver, trustee in bankruptcy,
liquidating trustee, agent or other similar Person under any bankruptcy, insolvency, receivership, fraudulent conveyance or similar law, then if such payment is recovered by, or paid over to, such receiver, trustee in bankruptcy, liquidating trustee
or other similar Person, the Senior Debt or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. To the extent the obligation to repay any Senior Debt is declared to
be fraudulent, invalid, or otherwise set aside under any bankruptcy, insolvency, receivership, fraudulent conveyance or similar law, then the obligation so declared fraudulent, invalid or otherwise set aside (and all other amounts that would come
due with respect thereto had such obligation not been so affected) shall be deemed to be reinstated and outstanding as Senior Debt for all purposes hereof as if such declaration, invalidity or setting aside had not occurred. 
 (c) In the event that, notwithstanding the provision in clause (a) above prohibiting such payment or distribution, any payment or
distribution of assets or securities of the Issuers of any kind or character, whether in cash, property or securities, shall be received by the Trustee or any Holder at a time when such payment or distribution is prohibited by clause (a) above
and before all obligations in respect of Senior Debt are paid in full, in cash or cash equivalents, such payment or distribution shall be received and held in trust for the benefit of, and shall be paid over or delivered to, the holders of Senior
Debt (pro rata to such holders on the basis of the respective amounts of Senior Debt held by such holders) or their representatives or to any trustee or trustees under any indenture pursuant to which any such Senior Debt may have been issued, as
their respective interests appear, for application to the payment of all such Senior Debt remaining unpaid, in cash or cash equivalents, after giving effect to any concurrent payment, distribution or provision therefor to or for the holders of such
Senior Debt. 
  

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 (d) For purposes of this Section 15.3, the words “cash, property or
securities” shall not be deemed to include, so long as the effect of this clause is not to cause the Securities to be treated in any case or proceeding or similar event described in this Section 15.3 as part of the same class of claims as
the Senior Debt or any class of claims pari passu with, or senior to, the Senior Debt for any payment or distribution, securities of the Company or any other corporation provided for by a plan of reorganization or readjustment that are subordinated,
at least to the extent that the Securities are subordinated, to the payment of all Senior Debt then outstanding; provided that (i) if a new corporation results from such reorganization or readjustment, such corporation assumes the Senior
Debt and (ii) the rights of the holders of the Senior Debt are not, without the consent of such holders, altered by such reorganization or readjustment. The consolidation of an Issuer with, or the merger of an Issuer with or into, another
corporation or the liquidation or dissolution of an Issuer following the sale, conveyance, transfer, lease or other disposition of all or substantially all of its property and assets to another corporation upon the terms and conditions provided in
Section 8.1 of this Indenture shall not be deemed a dissolution, winding up, liquidation or reorganization for the purposes of this Section 15.3 if such other corporation shall, as a part of such consolidation, merger, sale, conveyance,
transfer, lease or other disposition, comply (to the extent required) with the conditions stated in Section 8.1 or Section 10.7 of this Indenture. 
 Section 15.4 Subrogation. 
 (a) Upon the payment in full of all Senior Debt in cash or cash equivalents, the
Holders shall be subrogated to the rights of the holders of Senior Debt to receive payments or distributions of cash, property or securities of the Issuers made on such Senior Debt until the principal of, premium, if any, and interest on the
Securities shall be paid in full; and, for the 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 or the Trustee on their behalf would be entitled
except for the provisions of this Article Fifteen, and no payment pursuant to the provisions of this Article Fifteen to the holders of Senior Debt by the Holders or the Trustee on their behalf shall, as between an Issuer, its creditors other than
holders of Senior Debt, and the Holders, be deemed to be a payment by the Company to or on account of the Senior Debt. It is understood that the provisions of this Article Fifteen are intended solely for the purpose of defining the relative rights
of the Holders, on the one hand, and the holders of the Senior Debt, on the other hand. 
 (b) If any payment or distribution
to which the Holders would otherwise have been entitled but for the provisions of this Article Fifteen shall have been applied, pursuant to the provisions of this Article Fifteen, to the payment of all amounts payable under Senior Debt, then, and in
such case, the Holders shall be entitled to receive from the holders of such Senior Debt any payments or distributions received by such holders of Senior Debt in excess of the amount required to make payment in full, in cash or cash equivalents, of
such Senior Debt of such holders. 
  

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 Section 15.5 Obligations of Issuers Unconditional. 
 (a) Nothing contained in this Article Fifteen or elsewhere in this Indenture or in the Securities is intended to or shall impair, as among
the Issuers and the Holders, the obligation of the Issuers, which is absolute and unconditional, to pay to the Holders the principal of, premium, if any, and interest on the Securities as and when the same shall become due and payable in accordance
with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Issuers other than the holders of the Senior Debt, nor shall anything herein or therein prevent the Holders or the Trustee on their behalf
from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Fifteen of the holders of the Senior Debt. 
 (b) Without limiting the generality of the foregoing, nothing contained in this Article Fifteen will restrict the right of the Trustee or
the Holders to take any action to declare the Securities to be due and payable prior to their Stated Maturity pursuant to Section 5.1 of this Indenture or to pursue any rights or remedies hereunder; provided, however, that all Senior
Debt then due and payable or thereafter declared to be due and payable shall first be paid in full, in cash or cash equivalents, before the Holders or the Trustee are entitled to receive any direct or indirect payment from the Company with respect
to any Security. 
 Section 15.6 Notice to Trustee. 
 (a) The Issuers shall give prompt written notice to the Trustee of any fact known to the Issuers that would prohibit the making of any payment to or by the Trustee in respect of the Securities pursuant to the
provisions of this Article Fifteen. The Trustee shall not be charged with the knowledge of the existence of any default or event of default with respect to any Senior Debt or of any other facts that would prohibit the making of any payment to or by
the Trustee unless and until the Trustee shall have received notice in writing at its Corporate Trust Office to that effect signed by an Officer of each Issuer, or by a holder of Senior Debt or trustee or agent thereof; and prior to the receipt of
any such written notice, the Trustee shall, subject to Article Six, be entitled to assume that no such facts exist; provided that, if the Trustee shall not have received the notice provided for in this Section 15.6 at least two Business
Days prior to the date upon which, by the terms of this Indenture, any monies shall become payable for any purpose (including, without limitation, the payment of the principal of, premium, if any, or interest on any Security), then, notwithstanding
anything herein to the contrary, the Trustee shall have full power and authority to receive any monies from the Issuers and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary that
may be received by it on or after such prior date except for an acceleration of the Securities prior to such application. Nothing contained in this Section 15.6 shall limit the right of the holders of Senior Debt to recover payments as
contemplated by this Article Fifteen. The foregoing shall not apply if the Paying Agent is an Issuer. The Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself or itself to be a holder of any
Senior Debt (or a trustee on behalf of, or other representative of, such holder) to establish that such notice has been given by a holder of such Senior Debt or a trustee or representative on behalf of any such holder. 
  

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 (b) In the event that the Trustee determines in good faith that any 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 Fifteen, 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 Fifteen and, if such
evidence is not furnished to the Trustee, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. 
 Section 15.7 Reliance on Judicial Order or Certificate of Liquidating Agent. 
 Upon any payment or
distribution of assets or securities referred to in this Article Fifteen, the Trustee and the Holders shall be entitled to rely upon any order or decree made by any court of competent jurisdiction in which bankruptcy, dissolution, winding up,
liquidation or reorganization proceedings are pending, or upon a certificate of the receiver, trustee in bankruptcy, liquidating trustee, agent or other similar Person making such payment or distribution, delivered to the Trustee or to the Holders
for the purpose of ascertaining the persons entitled to participate in such distribution, the holders of the Senior Debt and other Debt 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 Fifteen. 
 Section 15.8 Trustee’s Relation to Senior Debt. 
 (a) The Trustee and any Paying Agent shall be entitled to all the rights set forth in this Article Fifteen with respect to any Senior Debt
that may at any time be held by it in its individual or any other capacity to the same extent as any other holder of Senior Debt and nothing in this Indenture shall deprive the Trustee or any Paying Agent of any of its rights as such holder.

 (b) With respect to the holders of Senior Debt, the Trustee undertakes to perform or to observe only such of its covenants
and obligations as are specifically set forth in this Article Fifteen, and no implied covenants or obligations with respect to the holders of Senior Debt shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe
any fiduciary duty to the holders of Senior Debt (except as provided in Section 15.2 and Section 15.3 of this Indenture) and shall not be liable to any such holders if the Trustee 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 Fifteen or otherwise. 
  

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 Section 15.9 Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Debt.

 No right of any present or future holders of any Senior Debt to enforce subordination as provided in this Article Fifteen will at any time
in any way be prejudiced or impaired by any act or failure to act on the part of the Issuers or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Issuers with the terms of this Indenture, regardless of
any knowledge thereof that any such holder may have or otherwise be charged with. The provisions of this Article Fifteen are intended to be for the benefit of, and shall be enforceable directly by, the holders of Senior Debt. 
 Section 15.10 Holders Authorize Trustee to Effectuate Subordination of Securities. 
 Each Holder by his acceptance of any Securities authorizes and expressly directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this
Article Fifteen, and appoints the Trustee his attorney-in-fact for such purposes, including, in the event of any dissolution, winding up, liquidation or reorganization of an Issuer (whether in bankruptcy, insolvency, receivership, reorganization or
similar proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the property and assets of an Issuer, the filing of a claim for the unpaid balance of its Securities in the form required in those
proceedings. If the Trustee does not file a proper claim or proof in indebtedness in the form required in such proceeding at least 30 days before the expiration of the time to file such claim or claims, each holder of Senior Debt is hereby
authorized to file an appropriate claim for and on behalf of the Holders. 
 Section 15.11 Not to Prevent Events of Default. 
 The failure to make a payment on account of principal of, premium, if any, or interest on the Securities by reason of any provision of this Article
Fifteen will not be construed as preventing the occurrence of an Event of Default. 
 Section 15.12 Trustee’s Compensation Not Prejudiced.

 Nothing in this Article Fifteen will apply to amounts due to the Trustee pursuant to other sections of this Indenture, including
Section 6.7. 
 Section 15.13 No Waiver of Subordination Provisions. 
 Without in any way limiting the generality of Section 15.9, 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, without incurring responsibility to the Holders and without impairing or releasing the subordination provided in this Article Fifteen or the obligations hereunder of the Holders 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 or alter, Senior Debt or any instrument evidencing the same or any agreement under which Senior Debt is outstanding
or secured; (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 collection of Senior Debt; and (d) exercise or
refrain from exercising any rights against the Company and any other Person. 
  

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 Section 15.14 Payments May Be Paid Prior to Dissolution. 
 Nothing contained in this Article Fifteen or elsewhere in this Indenture shall prevent (i) the Company, except under the conditions described in
Section 15.2 or Section 15.3, from making payments of principal of, premium, if any, and interest on the Securities, or from depositing with the Trustee any money for such payments, or (ii) the application by the Trustee of any money
deposited with it for the purpose of making such payments of principal of, premium, if any, and interest on the Securities to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and
payable, the Trustee shall have received the written notice provided for in Section 15.2(b) of this Indenture (or there shall have been an acceleration of the Securities prior to such application) or in Section 15.15 of this Indenture. The
Issuers shall give prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of an Issuer. 
 Section 15.15 Trust
Moneys Not Subordinated. 
 Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of U.S.
Government Obligations held in trust under Article Four by the Trustee for the payment of principal of, premium, if any, and interest on the Securities shall not be subordinated to the prior payment of any Senior Debt (provided that, at the
time deposited, such deposit did not violate any then outstanding Senior Debt), and none of the Holders shall be obligated to pay over any such amount to any holder of Senior Debt. 
 ARTICLE SIXTEEN 
 SUBORDINATION OF SECURITIES GUARANTEES 

Section 16.1 Securities Guarantees Subordinated to Guarantor Senior Debt. 
 Each Guarantor and the Trustee each covenants and agrees, and each Holder, by its acceptance of a Securities Guarantee, likewise covenants and agrees that all Securities Guarantees shall be issued subject to the
provisions of this Article Sixteen; and each Person holding any Security, whether upon original issue or upon transfer, assignment or exchange thereof, accepts and agrees that the payment of the principal of and premium, if any, and interest on each
and all of the Securities shall, to the extent and in the manner set forth in this Article Sixteen, be subordinated in right of payment to the prior payment in full, in cash or cash equivalents, of all existing and future Guarantor Senior Debt of
such Guarantor. 
 Section 16.2 No Payment on Securities Guarantees in Certain Circumstances. 
 (a) No direct or indirect payment by or on behalf of any principal of and premium, if any, and interest on each and all of the Securities
(other than with the money, securities or proceeds held under any defeasance trust established in accordance with this Indenture), whether pursuant to the terms of the Securities Guarantees or upon acceleration or otherwise shall be made if, at the
time of such payment, there exists a default in the payment of all or any portion of the obligations on any Guarantor Senior 

  

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Debt of such Guarantor and such default shall not have been cured or waived or the benefits of this sentence waived by or on behalf of the holders of such
Guarantor Senior Debt. 
 (b) During the continuance of any other event of default with respect to any Designated Guarantor
Senior Debt pursuant to which the maturity thereof may be accelerated, upon receipt by the Trustee of written notice from the trustee or other representative for the holders of such Designated Guarantor Senior Debt (or the holders of at least a
majority in principal amount of such Designated Guarantor Senior Debt then outstanding), no payment of Senior Subordinated Obligations (other than with the money, securities or proceeds held under any defeasance trust established in accordance with
this Indenture) may be made by or on behalf of any Guarantor upon or in respect of the Securities Guarantees for a period (a “Securities Guarantee Payment Blockage Period”) commencing on the date of receipt of such notice and ending 179
days thereafter (unless, in each case, such Securities Guarantee Payment Blockage Period has been terminated by written notice to the Trustee from such trustee of, or other representatives for, such holders or by payment in full in cash or cash
equivalents of such Designated Guarantor Senior Debt or such event of default has been cured or waived). Not more than one Securities Guarantee Payment Blockage Period may be commenced with respect to the Securities Guarantees during any period of
360 consecutive days. Notwithstanding anything in this Indenture to the contrary, there must be 180 consecutive days in any 360-day period in which no Securities Guarantee Payment Blockage Period is in effect. No event of default that existed or was
continuing (it being acknowledged that any subsequent action that would give rise to an event of default pursuant to any provision under which an event of default previously existed or was continuing shall constitute a new event of default for this
purpose) on the date of the commencement of any Securities Guarantee Payment Blockage Period with respect to the Designated Guarantor Senior Debt initiating such Securities Guarantee Payment Blockage Period shall be, or shall be made, the basis for
the commencement of a second Securities Guarantee Payment Blockage Period by the trustee or other representative for the holders of such Designated Guarantor Senior Debt, whether or not within a period of 360 consecutive days, unless such event of
default shall have been cured or waived for a period of not less than 90 consecutive days. 
 (c) In the event that,
notwithstanding the foregoing, any payment shall be received by the Trustee or any Holder when such payment is prohibited by clause (a) or (b) above, the Trustee shall promptly notify the holders of Guarantor Senior Debt of such prohibited
payment and such payment shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of Guarantor Senior Debt or their respective representatives, or to the trustee or trustees under any indenture pursuant to which
any of such Guarantor Senior Debt may have been issued, as their respective interests may appear, but only to the extent that, upon notice from the Trustee to the holders of Guarantor Senior Debt that such prohibited payment has been made, the
holders of the Guarantor Senior Debt (or their representative or representatives of a trustee) within 30 days of receipt of such notice from the Trustee notify the Trustee of the amounts then due and owing on the Guarantor Senior Debt, if any, and
only the amounts specified in such notice to the Trustee shall be paid to the holders of Guarantor Senior Debt and any excess above such amounts due and owing on Guarantor Senior Debt shall be paid to such Guarantor. 
  

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 Section 16.3 Payment over Proceeds upon Dissolution, Etc. 
 (a) Upon any payment or distribution of assets or securities of a Guarantor of any kind or character, whether in cash, property or
securities (other than with the money, securities or proceeds held under any defeasance trust established in accordance with this Indenture), in connection with any dissolution or winding up or total or partial liquidation or reorganization of such
Guarantor, whether voluntary or involuntary, or in bankruptcy, insolvency, receivership or other proceedings or other marshalling of assets for the benefit of creditors, all amounts due or to become due upon all Guarantor Senior Debt shall first be
paid in full, in cash or cash equivalents, before the Holders or the Trustee on their behalf shall be entitled to receive any payment by (or on behalf of) such Guarantor on account of Senior Subordinated Obligations, or any payment to acquire any of
the Securities Guarantees for cash, property or securities, or any distribution with respect to the Securities Guarantees of any cash, property or securities. Before any payment may be made by, or on behalf of, any Guarantor on any Senior
Subordinated Obligations (other than with the money, securities or proceeds held under any defeasance trust established in accordance with this Indenture), in connection with any such dissolution, winding up, liquidation or reorganization, any
payment or distribution of assets or securities for such Guarantor of any kind or character, whether in cash, property or securities, to which the Holders or the Trustee on their behalf would be entitled, but for the provisions of this Article
Sixteen, shall be made by such Guarantor or by any receiver, trustee in bankruptcy, liquidating trustee, agent or other similar Person making such payment or distribution or by the Holders or the Trustee if received by them or it, directly to the
holders of Guarantor Senior Debt (pro rata to such holders on the basis of the respective amounts of Guarantor Senior Debt held by such holders) or their representatives or to any trustee or trustees under any indenture pursuant to which any such
Guarantor Senior Debt may have been issued, as their respective interests appear, to the extent necessary to pay all such Guarantor Senior Debt in full, in cash or cash equivalents, after giving effect to any concurrent payment, distribution or
provision therefor to or for the holders of such Guarantor Senior Debt. 
 (b) To the extent any payment of Guarantor Senior
Debt (whether by or on behalf of any Guarantor, as proceeds of security or enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential, set aside or required to be paid to any receiver, trustee in bankruptcy,
liquidating trustee, agent or other similar Person under any bankruptcy, insolvency, receivership, fraudulent conveyance or similar law, then if such payment is recovered by, or paid over to, such receiver, trustee in bankruptcy, liquidating trustee
or other similar Person, the Guarantor Senior Debt or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment had not occurred. To the extent the obligation to repay any Guarantor Senior
Debt is declared to be fraudulent, invalid, or otherwise set aside under any bankruptcy, insolvency, receivership, fraudulent conveyance or similar law, then the obligation so declared fraudulent, invalid or otherwise set aside (and all other
amounts that would come due with respect thereto had such obligation not been so affected) shall be deemed to be reinstated and outstanding as Guarantor Senior Debt for all purposes hereof as if such declaration, invalidity or setting aside had not
occurred. 
  

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 (c) In the event that, notwithstanding clause (a) above prohibiting such payment or
distribution, any payment or distribution of assets or securities of any Guarantor of any kind or character, whether in cash, property or securities, shall be received by the Trustee or any Holder at a time when such payment or distribution is
prohibited by clause (a) above and before all obligations in respect of Guarantor Senior Debt are paid in full, in cash or cash equivalents, such payment or distribution shall be received and held in trust for the benefit of, and shall be paid
over or delivered to, the holders of Guarantor Senior Debt (pro rata to such holders on the basis of the respective amounts of Guarantor Senior Debt held by such holders) or their representatives or to any trustee or trustees under any indenture
pursuant to which any such Guarantor Senior Debt may have been issued, as their respective interests appear, for application to the payment of all such Guarantor Senior Debt remaining unpaid in full, in cash or cash equivalents, after giving effect
to any concurrent payment, distribution or provision therefor to or for the holders of such Guarantor Senior Debt. 
 (d) For
purposes of this Section 16.3, the words “cash, property or securities” shall not be deemed to include, so long as the effect of this clause is not to cause the Securities Guarantees to be treated in any case or proceeding or similar
event described in this Section 16.3 as part of the same class of claims as the Guarantor Senior Debt or any class of claims pari passu with, or senior to, the Guarantor Senior Debt for any payment or distribution, securities of any Guarantor
or any other corporation provided for by a plan of reorganization or readjustment that are subordinated, at least to the extent that the Securities Guarantees are subordinated, to the payment of all Guarantor Senior Debt then outstanding;
provided that (1) if a new corporation results from such reorganization or readjustment, such corporation assumes the Guarantor Senior Debt and (2) the rights of the holders of the Guarantor Senior Debt are not, without the consent
of such holders, altered by such reorganization or readjustment. The consolidation of a Guarantor with, or the merger of a Guarantor with or into, another corporation or the liquidation or dissolution of a Guarantor following the sale, conveyance,
transfer, lease or other disposition of all or substantially all of its property and assets to another corporation without violation of the terms and conditions provided in this Indenture shall not be deemed a dissolution, winding up, liquidation or
reorganization for the purposes of this Section 16.3. 
 Section 16.4 Subrogation. 
 (a) Upon the payment in full of all Guarantor Senior Debt in cash or cash equivalents, the Holders shall be subrogated to the rights of
the holders of Guarantor Senior Debt to receive payments or distributions of cash, property or securities of the Guarantors made on such Guarantor Senior Debt until all obligations arising under the Securities Guarantees shall be paid in full; and,
for the purposes of such subrogation, no payments or distributions to the holders of the Guarantor Senior Debt of any cash, property or securities to which the Holders or the Trustee on their behalf would be entitled except for the provisions of
this Article Sixteen, and no payment pursuant to the 

  

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provisions of this Article Sixteen to the holders of Guarantor Senior Debt by the Holders or the Trustee on their behalf shall, as between each Guarantor,
its creditors other than holders of Guarantor Senior Debt, and the Holders, be deemed to be a payment by such Guarantor to or on account of the Guarantor Senior Debt. It is understood that the provisions of this Article Sixteen are intended solely
for the purpose of defining the relative rights of the Holders, on the one hand, and the holders of the Guarantor Senior Debt, on the other hand. 
 (b) If any payment or distribution to which the Holders would otherwise have been entitled but for the provisions of this Article Sixteen shall have been applied, pursuant to the provisions of this Article Sixteen, to
the payment of all amounts payable under Guarantor Senior Debt, then, and in such case, the Holders shall be entitled to receive from the holders of such Guarantor Senior Debt any payments or distributions received by such holders of Guarantor
Senior Debt in excess of the amount required to make payment in full, in cash or cash equivalents, of such Guarantor Senior Debt of such holders. 
 Section
16.5 Obligations of Guarantor Unconditional. 
 (a) Nothing contained in this Article Sixteen or elsewhere in this
Indenture or in the Securities is intended to or shall impair, as among the Guarantors and the Holders, the obligation of such Guarantors, which is absolute and unconditional, to pay to the Holders all obligations arising under the Securities
Guarantees as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Guarantors other than the holders of the Guarantor Senior Debt,
nor shall anything herein or therein prevent the Holders or the Trustee on their behalf from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article Sixteen
of the holders of the Guarantor Senior Debt. 
 (b) Without limiting the generality of the foregoing, nothing contained in
this Article Sixteen will restrict the right of the Trustee or the Holders to take any action to declare the Securities to be due and payable prior to their Stated Maturity pursuant to Section 5.1 of this Indenture or to pursue any rights or
remedies hereunder; provided, however, that all Guarantor Senior Debt then due and payable or thereafter declared to be due and payable shall first be paid in full, in cash or cash equivalents, before the Holders or the Trustee are entitled
to receive any direct or indirect payment from any Guarantor on the Securities. 
 Section 16.6 Notice to Trustee. 
 (a) Each Guarantor shall give prompt written notice to the Trustee of any fact known to such Guarantor that would prohibit the making of
any payment to or by the Trustee in respect of the Securities Guarantees pursuant to the provisions of this Article Sixteen. The Trustee shall not be charged with the knowledge of the existence of any default or event of default with respect to any
Guarantor Senior Debt of any Guarantor or of any other facts that would prohibit the making of any payment to or by the Trustee 

  

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unless and until the Trustee shall have received notice in writing at its Corporate Trust Office to that effect signed by an Officer of such Guarantor, or by
a holder of such Guarantor Senior Debt or trustee or agent thereof; and prior to the receipt of any such written notice, the Trustee shall, subject to Article Six, be entitled to assume that no such facts exist; provided that, if the Trustee
shall not have received the notice provided for in this Section 16.6 at least two Business Days prior to the date upon which, by the terms of this Indenture, any monies shall become payable for any purpose (including, without limitation, the
payment of all obligations arising under any Securities Guarantee), then, notwithstanding anything herein to the contrary, the Trustee shall have full power and authority to receive any monies from such Guarantor and to apply the same to the purpose
for which they were received, and shall not be affected by any notice to the contrary that may be received by it on or after such prior date except for an acceleration of the Securities prior to such application. Nothing contained in this
Section 16.6 shall limit the right of the holders of Guarantor Senior Debt to recover payments as contemplated by this Article Sixteen. The foregoing shall not apply if the Paying Agent is the Company. The Trustee shall be entitled to rely on
the delivery to it of a written notice by a Person representing himself or itself to be a holder of any Guarantor Senior Debt (or a trustee on behalf of, or other representative of, such holder) to establish that such notice has been given by a
holder of such Guarantor Senior Debt or a trustee or representative on behalf of any such holder. 
 (b) In the event that the
Trustee determines in good faith that any evidence is required with respect to the right of any Person as a holder of Guarantor Senior Debt to participate in any payment or distribution pursuant to this Article Sixteen, the Trustee may request such
Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Guarantor 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 Sixteen and, if such evidence is not furnished to the Trustee, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such
payment. 
 Section 16.7 Reliance on Judicial Order or Certificate of Liquidating Agent. 
 Upon any payment or distribution of assets or securities referred to in this Article Sixteen, the Trustee and the Holders shall be entitled to rely upon
any order or decree made by any court of competent jurisdiction in which bankruptcy, dissolution, winding up, liquidation or reorganization proceedings are pending, or upon a certificate of the receiver, trustee in bankruptcy, liquidating trustee,
agent or other similar Person making such payment or distribution, delivered to the Trustee or to the Holders for the purpose of ascertaining the persons entitled to participate in such distribution, the holders of the Guarantor Senior Debt and
other Debt of a Guarantor, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article Sixteen. 
 Section 16.8 Trustee’s Relation to Guarantor Senior Debt. 
 (a) The Trustee and any Paying Agent
shall be entitled to all the rights set forth in this Article Sixteen with respect to any Guarantor Senior Debt that may at any 

  

 87 

 
time be held by it in its individual or any other capacity to the same extent as any other holder of Guarantor Senior Debt and nothing in this Indenture
shall deprive the Trustee or any Paying Agent of any of its rights as such holder. 
 (b) With respect to the holders of
Guarantor Senior Debt, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article Sixteen, and no implied covenants or obligations with respect to the holders of Guarantor
Senior Debt shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Guarantor Senior Debt (except as provided in Section 16.2(c) and Section 16.3(c) of this
Indenture) and shall not be liable to any such holders if the Trustee shall in good faith mistakenly pay over or distribute to Holders of Securities Guarantees or to a Guarantor or to any other person cash, property or securities to which any
holders of Guarantor Senior Debt shall be entitled by virtue of this Article Sixteen or otherwise. 
 Section 16.9 Subordination Rights Not Impaired by
Acts or Omissions of a Guarantor or Holders of Guarantor Senior Debt. 
 No right of any present or future holders of any Guarantor Senior
Debt to enforce subordination as provided in this Article Sixteen will at any time in any way be prejudiced or impaired by any act or failure to act on the part of a Guarantor or by any act or failure to act, in good faith, by any such holder, or by
any noncompliance by such Guarantor with the terms of this Indenture, regardless of any knowledge thereof that any such holder may have or otherwise be charged with. The provisions of this Article Sixteen are intended to be for the benefit of, and
shall be enforceable directly by, the holders of Guarantor Senior Debt. 
 Section 16.10 Holders Authorize Trustee to Effectuate Subordination of
Securities Guarantees. 
 Each Holder by his acceptance of any Securities Guarantees authorizes and expressly directs the Trustee on his
behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article Sixteen, and appoints the Trustee his attorney-in-fact for such purposes, including, in the event of any dissolution, winding up,
liquidation or reorganization of a Guarantor (whether in bankruptcy, insolvency, receivership, reorganization or similar proceedings or upon an assignment for the benefit of creditors or otherwise) tending towards liquidation of the property and
assets of such Guarantor, the filing of a claim for the unpaid balance of its Securities Guarantees in the form required in those proceedings. If the Trustee does not file a proper claim or proof in indebtedness in the form required in such
proceeding at least 30 days before the expiration of the time to file such claim or claims, each holder of Guarantor Senior Debt is hereby authorized to file an appropriate claim for and on behalf of the Holders. 
 Section 16.11 Not to Prevent Events of Default. 
 The
failure to fulfill any obligation arising under the Securities Guarantees by reason of any provision of this Article Sixteen will not be construed as preventing the occurrence of an Event of Default. 
  

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 Section 16.12 Trustee’s Compensation Not Prejudiced. 
 Nothing in this Article Sixteen will apply to amounts due to the Trustee pursuant to other sections of this Indenture, including Section 6.7.

 Section 16.13 No Waiver of Subordination Provisions. 
 Without in any way limiting the generality of Section 16.9, the holders of Guarantor Senior Debt may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders, without
incurring responsibility to the Holders and without impairing or releasing the subordination provided in this Article Sixteen or the obligations hereunder of the Holders to the holders of Guarantor 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 or alter, Guarantor Senior Debt or any instrument evidencing the same or any agreement under which Guarantor Senior Debt is outstanding or secured;
(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 collection of Guarantor Senior Debt; and (d) exercise or refrain
from exercising any rights against the Company and any other Person. 
 Section 16.14 Payments May Be Paid Prior to Dissolution. 
 Nothing contained in this Article Sixteen or elsewhere in this Indenture shall prevent (i) a Guarantor, except under the conditions described in
Section 16.2 or Section 16.3, from fulfilling any obligation arising under the Securities Guarantees, or from depositing with the Trustee any money for such payments, or (ii) the application by the Trustee of any money deposited with
it for the purpose of fulfilling any obligation arising under the Securities Guarantees to the holders entitled thereto unless, at least two Business Days prior to the date upon which such payment becomes due and payable, the Trustee shall have
received the written notice provided for in Section 16.2(b) of this Indenture (or there shall have been an acceleration of the Securities Guarantees prior to such application) or in Section 16.6 of this Indenture. The Company shall give
prompt written notice to the Trustee of any dissolution, winding up, liquidation or reorganization of such Guarantor. 
 * * * 
  

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

			
	HUGHES NETWORK SYSTEMS, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	HNS FINANCE CORP.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[GUARANTORS]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[TRUSTEE]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 90Lease Agreement dated April 24, 2007

 Exhibit 10.1 
 LEASE 
 This LEASE (“Lease”) is entered into as of the 24th day of April, 2007 (the
“Effective Date”) by and between Tarob Court Properties, LLC, a California limited liability company (“Landlord”), and Dynamic Details, Incorporated Silicon Valley, a Delaware corporation (“Tenant”)
(collectively, the “Parties”). 
 1. BASIC LEASE TERMS. For purposes of this Lease, the following terms have the following
definitions and meanings: 
 (a) Landlord’s Address (For Notices): 
 1096 Pecten Court 
 Milpitas, CA 95035 
 Attention: Rod Kalune 
 or such other place as Landlord may
from time to time designate by notice to Tenant. 
 (b) Tenant’s Address (For Notices): 
 1220 N. Simon Circle 
 Anaheim, CA 92806

 Attention: General Counsel 
 or such other
place as Tenant may from time to time designate by notice to Landlord. 
 (c) Building: A one (1) story building situated on land described in
Exhibit “A-1” attached hereto (the “Land”) located at 1996 Tarob Court in the City of Milpitas (“City”), County of Santa Clara (“County”), State of California
(“State”). 
 (d) Premises: A portion of the Building consisting of approximately 22,376 rentable square feet, as depicted in Exhibit
“A-2” attached hereto. 
 (e) Term: 50 months, commencing on August 1, 2007 (the “Commencement Date”) and ending on
September 30, 2011 (the “Expiration Date”), subject to any Tenant Extension Option. 
 (f) Initial Monthly Base Rent: 
  

									
	 Months
	  	RSF	  	Rental Rate	  	Monthly Base Rent
	 1 – 2
	  	22,376	  	$	0.00	  	$	0.00
	 3 – 14
	  	22,376	  	$	0.90	  	$	20,138.40
	 15 – 26
	  	22,376	  	$	0.93	  	$	20,809.68
	 27 – 38
	  	22,376	  	$	0.96	  	$	21,480.96
	 39 – 50
	  	22,376	  	$	0.99	  	$	22,154.24

 (g) Security Deposit: Tenant has deposited with Landlord on the signing of this Lease $21,145.32 in cash
(the “Security Deposit”), as security for the faithful performance and observance by Tenant of the terms, provisions and conditions of this Lease. Tenant agrees that in the event of the occurrence of anEvent of Default, Landlord may use,
apply or retain the whole or any part of any cash Security Deposit to the extent required for the payment of any Monthly Base Rent, or any other sum as to which Tenant is in default, or for any sum that Landlord may expend or may be required to
expend by reason of the Event of Default (including any damages or deficiency accrued before or after summary proceedings or other re- 

 
entry by Landlord). Landlord shall deposit the Security Deposit into an interest bearing account at a banking organization selected by Landlord. All interest
and/or dividends, if any, accruing on the Security Deposit, shall be added to, held and included within the term Security Deposit and, provided that no Event of Default shall occur and be continuing, shall accrue to the account of Tenant. Landlord
shall not be required to credit Tenant with any interest for any period during which Landlord does not receive interest on the Security Deposit. 
 (h)
Tenant Improvement Allowance: Landlord will contribute $179,000 towards the cost of performing Tenant improvements. 
 (i) Permitted Use:
General office use, manufacturing processes, warehousing and any other legally permitted uses under applicable laws, regulations, ordinances and codes applicable to the use and occupancy of the Premises (collectively, “Laws”).

 (j) Parking: A parking ratio equal to 3.8 per 1,000 rentable square feet in the Building parking lot for the use of Tenant and its agents,
contractors, employees, representatives, invitees, licensees, subtenants and assignees, free of charge during the Term of this Lease. 
 (k)
Broker(s): Staubach Bay Area, Inc. (dba The Staubach Company) 
 (l) Interest Rate: shall mean the lesser of (i) Prime Rate (defined
below) and (ii) the highest rate of interest from time-to-time permitted under applicable federal and state law. The “Prime Rate” shall mean the per annum interest rate announced by and quoted in the Wall Street Journal
from time to time as the “prime” or “base rate”. 
 (m) Exhibits: Exhibits “A-1” through “E-2”,
inclusive, which Exhibits are attached to this Lease and incorporated herein by this reference. 
 This Section 1 represents a summary of the basic
terms and definitions of this Lease. In the event of any inconsistency between the terms contained in this Section 1 and any specific provision of this Lease, the terms of the more specific provision shall prevail. 
 2. PREMISES AND EXTERIOR AREAS. 
 (a) Premises. Landlord hereby
leases to Tenant and Tenant hereby leases from Landlord the Premises. The Premises shall be separately demised from the remainder of the premises within the Building, and shall have the means of ingress and egress depicted in Exhibit “A-2”
attached hereto. Tenant shall have entry access to the Building and access to the Premises twenty-four (24) hours per day, seven (7) days per week year-round. 
 (b) Mutual Covenants. Landlord and Tenant agree that the letting and hiring of the Premises is upon and subject to the terms, covenants and conditions contained in this Lease and each party covenants as a
material part of the consideration for this Lease to keep and perform their respective obligations under this Lease. 
 (c) Tenant’s Use of Exterior
Areas. During the Term of this Lease, Tenant and the Tenant Parties (defined below) shall have the nonexclusive right to use in common with Landlord and other tenants, if any, subject to the terms of this Lease, the Building and the Land:

 (i) All exterior areas situated on the Land, including, without limitation, the Land’s parking facilities (the “Parking
Areas”), trash areas, roadways, sidewalks, walkways, parkways, driveways, landscaped areas, plaza areas, outdoor eating areas and similar areas and facilities (collectively, “Exterior Areas”). 
  

 -2- 

 (ii) The right to utilize any unutilized conduits in the Premises and the right to install and maintain
conduits, cabling and/or wiring within such conduits and other conduit and risers previously installed in the Premises for such purposes or in other commercially feasible locations reasonably approved by Landlord for power and telecommunications
purposes. 
 (d) Operation of Building and Exterior Areas. Landlord shall operate and maintain the Building and Exterior Areas in accordance with the
standards and specifications set forth in this Lease and Exhibit “B” attached hereto. 
 3. TERM. The term of this Lease
(“Term”) will be for the period designated in Section 1(e) above, commencing on the Commencement Date, plus any extensions of the Term pursuant to any provision of this Lease or any future amendment of this Lease. If the actual
Commencement Date is other than the date specified in the Basic Lease Terms, the Parties shall enter into a mutually acceptable commencement date agreement to reflect the actual Commencement Date. 
 4. POSSESSION. 
 (a) Delivery of Possession. Upon execution
hereof, Landlord shall deliver the Premises in broom-clean condition, ready for any Tenant improvement work, free from Hazardous Materials (as defined in Section 6(c) below), in compliance with all applicable Laws (including without limitation
the Americans with Disabilities Act and all related state and local access laws, regulations and requirements the “ADA”), in good condition and working order (including without limitation all Building systems), and with HVAC zones
and capacity and electrical capacity that complies with the requirements of Exhibit “B” attached hereto. In the event that Landlord fails to deliver keys to and possession of the Premises to Tenant in accordance with the
requirements imposed on Landlord pursuant to this Lease by the Commencement Date, then Landlord shall pay to Tenant all rent and costs incurred by Tenant (including without limitation holdover premiums and penalties) as a result of Landlord’s
failure to timely deliver possession of the Premises in the condition required under this Lease from the Commencement Date until the date that Landlord actually delivers keys to and possession of the Premises to Tenant (the “Actual Delivery
Date”). Landlord shall permit Tenant to access the Premises upon execution hereof for the purposes of making Tenant improvements, installing its furniture, fixtures and equipment, performing operational testing of equipment, general office
use, manufacturing, warehousing and any other uses or operations relating to Tenant’s operations. Notwithstanding Tenant’s early possession, Tenant shall not have any obligation to pay Monthly Base Rent or Utilities Costs until the
Commencement Date, at which time such obligations shall begin to accrue. Pending the delivery of possession of the Premises to Tenant, Landlord shall not materially modify the Premises except as necessary to bring the condition of the Premises in
compliance with the requirements of Section 4(b) below and shall maintain same in substantially the condition that exists as of the date of this Lease, reasonable and ordinary wear and tear excepted. 
 (b) Condition of Premises. Landlord hereby represents and warrants to Tenant that the Premises, the Building (including without limitation all Building systems)
and all Exterior Areas are, and as of the Actual Delivery Date shall be, (i) in material compliance with all applicable Laws in effect as of the date of this Lease, including, without limitation, the ADA, the local building fire/life safety
codes, (ii) free of Hazardous Materials, and (iii) in good and working order. Landlord at its sole cost shall be responsible for (w) correcting any latent defects in the Building or the other improvements located on the Land,
(x) correcting any breaches of Landlord’s covenants, representations and warranties set forth in this Section, and (y) completing any modifications to the Exterior Areas or Building entries, core and shell and Building systems that
may be required by ADA or other applicable Laws. Further, Landlord at its sole cost shall remove any and all known Hazardous Materials from the Premises prior to the delivery of possession of the Premises to Tenant. Landlord shall contribute the
amount specified in Section 1(h) towards the costs of performing Tenant improvements. Subject to Landlord’s covenants imposed by this Section, Tenant shall accept the Premises in its “as is” condition upon delivery by Landlord.

  

 -3- 

 5. RENT. 
 (a)
Monthly Base Rent. Subject to the terms of this Lease, Tenant agrees to pay Landlord the Monthly Base Rent for the Premises in advance on the first day of each calendar month during the Term without prior notice or demand. If the Term of this
Lease commences or ends on a day other than the first day of a calendar month, then the rent for such period will be prorated in the proportion that the number of days this Lease is in effect during such period bears to the number of days in such
month. Except for adjustments to Monthly Base Rent upon the remeasurement of the Premises pursuant to Section 1(d) above, Monthly Base Rent is intended to be a gross rental rate and thus shall be inclusive of all operating expenses, property
taxes and all other traditional triple-net expenses; provided, however, Tenant’s Utility Costs and janitorial services to the Premises shall not be a component of Monthly Base Rent. Landlord shall pay all real property taxes and assessments
against the Land and the improvements thereon prior to delinquency. Further, Landlord shall pay all costs and expenses incurred by Landlord in the performance of Landlord’s obligations under this Lease (including without limitation its repair
and maintenance obligations) prior to the applicable due date. 
 (b) Late Payments. Late payments of Monthly Base Rent and/or any item of additional
rent will be subject to interest and a late charge as provided in Section 19(d) below. 
 (c) Abatement. Notwithstanding anything to the contrary
contained in this Lease, in the event Tenant’s use of all or a part of the Premises is materially impaired, for any reason other than the acts or omissions of Tenant or any of the Tenant Parties (as defined in Section 6(c)(iii) below),
such that the disruption materially and adversely interferes with the conduct of Tenant’s business in the Premises for twenty-four (24) hours after written notice from Tenant to Landlord or five (5) days after written notice from
Tenant to Landlord in any twelve (12) month period (such 24-hour period or 5-day period after written notice from Tenant to Landlord, as applicable, is referred to herein as the “Eligibility Period”), due to (i) an
interruption of utility or mechanical services to the Premises, (ii) an inability to access the Premises or Parking Areas, (iii) repairs, maintenance or other work required to be made to the Premises or Building which are the
responsibility of Landlord under this Lease or which otherwise are performed by or on behalf of Landlord, and/or (iv) Landlord’s failure to perform repairs, maintenance or other work required to be made to the Premises or Building which
are the responsibility of Landlord under this Lease or which otherwise are performed by or on behalf of Landlord, then Tenant shall be entitled to an equitable abatement of Monthly Base Rent and additional rent under this Lease based upon the
portion of the Premises affected thereby (provided that if the operation of Tenant’s business from the remainder of the Premises not affected thereby is not reasonably practicable under the circumstances and Tenant in fact does not operate for
business from the remainder of the Premises, all Monthly Base Rent and additional rent under this Lease shall be subject to such abatement) from the commencement of the Eligibility Period until the applicable material impairment is cured. The
provisions of this Section 5(c) shall not, however, apply in the event of a casualty governed by the provisions of Section 17 below or in the event of a taking or condemnation governed by the provisions of Section 18 below.

 (d) Abated Monthly Base Rent. Notwithstanding anything in this Lease to the contrary, Tenant’s installments of Monthly Base Rent for the first
two (2) full calendar months of the Term shall be abated in full. 
 (e) Exclusivity Fee. Landlord acknowledges receipt of Twenty Thousand and
no/100 Dollars ($20,000.00) (“Exclusivity Fee”) pursuant to the provisions of that certain letter of intent for the lease of the Premises dated as of February 16, 2007. Fifty percent (50%) of the Exclusivity Fee shall be
applied against Tenant’s payment of Monthly Base Rent for the third (3rd) month of the Term. The remaining fifty percent (50%) of the Exclusivity Fee shall be applied against Tenant’s payment of Base Monthly Rent for the fourth
(4th) month of the Term. Tenant’s payment of Monthly Base Rent during such months shall be the Monthly Base Rent calculated under Sections 1(g) and 5(a) above, less the portions of the Exclusivity Fee applied pursuant to this
Section 5(e). 
  

 -4- 

 6. USE. 
 (a)
Tenant’s Use of the Premises. The Premises may be used for the use or uses set forth in Section 1(h) only, and Tenant will not use or permit the Premises to be used for any other purpose without the prior written consent of
Landlord, which consent Landlord shall not unreasonably withhold, condition or delay. 
 (b) Compliance. At Tenant’s sole cost and expense,
Tenant agrees to procure, maintain all governmental licenses, insurance and permits required for the proper and lawful conduct of Tenant’s business from the Premises, if any. Tenant agrees not to use, alter or occupy the Premises or allow the
Premises to be used, altered or occupied in violation of, and Tenant, at its sole cost and expense, agrees to use and occupy the Premises in compliance with, all applicable Laws and this Lease. Tenant agrees not to cause, maintain or permit any
nuisance or waste in, on, under or about the Premises. No obligation of Tenant to comply with Laws shall require Tenant to make any alterations, additions or improvements to the systems or structure of the Building or any areas outside the Premises,
which obligation shall be performed by Landlord at its sole cost and expense. 
 (c) Hazardous Materials 
 (i) Tenant Hazardous Materials Requirements. Except for ordinary office and equipment supplies, inventory, raw materials, janitorial and cleaning
supplies and other items typically used by Tenant in its ordinary course of business (some or all of which may constitute “Hazardous Materials” as defined in this Lease and are referred to hereinafter as the “Permitted
Substances”), Tenant agrees not to cause or permit any Hazardous Materials to be brought upon, stored, used, handled, generated, released or disposed of on, in, under or about the Premises, the Building or the Land by Tenant or the Tenant
Parties, without the prior written consent of Landlord, which consent Landlord may withhold in its sole and absolute discretion. 
 (ii)
Landlord Hazardous Materials Requirements. Landlord represents and warrants to Tenant that, to the best of Landlord’s knowledge, there are no Hazardous Material(s) which are, or have previously been, located in, or about the Building,
the Exterior Areas or the Land. Landlord, at its sole cost and expense, shall be responsible for the removal of any Hazardous Materials located in or about the Building or Land as of date that possession of the Premises is delivered to Tenant.
Except as may be in compliance with applicable Environmental Laws (defined below), Landlord agrees not to cause or knowingly permit any Hazardous Materials to be brought upon, stored, used, handled, generated, released or disposed of on, in, under
or about the Premises, the Building, the Exterior Areas or any other portion of the Land by Landlord, its agents, employees, contractors or representatives (collectively, “Landlord’s Parties”). Within three (3) business
days after Tenant’s request, Landlord shall deliver to Tenant copies of all property condition reports and investigations and studies of Hazardous Materials on or about the Land and the Premises that are in Landlord’s possession, custody
or control. 
 (iii) Hazardous Materials Indemnities. To the fullest extent permitted by law, Tenant agrees to promptly indemnify,
protect, defend and hold harmless Landlord and Landlord’s partners, officers, directors, employees and agents (collectively, “Landlord Indemnified Parties”) from and against any and all claims, damages, judgments, suits, causes
of action, losses, liabilities, penalties, fines, expenses and costs (including, without limitation, clean-up, removal, remediation and restoration costs, sums paid in settlement of claims, attorneys’ fees, consultant fees and expert fees and
court costs) which arise or result from Hazardous Materials released on, in, under or about the Building by Tenant or any of Tenant’s agents, contractors, employees, representatives, subtenants and assignees (collectively, the “Tenant
Parties”). Tenant agrees to promptly notify Landlord of any release of Hazardous Materials at or around the Premises, which Tenant becomes aware of during the Term of this Lease, whether caused by Tenant or any other persons or entities. To
the fullest extent permitted by law, Landlord agrees to promptly indemnify, protect, defend and hold harmless Tenant and Tenant’s partners, officers, directors, employees, agents, successors and assigns (collectively, “Tenant
Indemnified Parties”) from and against any and all claims, damages, judgments, suits, causes of action, losses, liabilities, penalties, fines, expenses and costs (including, without limitation, clean-up, removal, remediation and restoration

  

 -5- 

 
costs, sums paid in settlement of claims, reasonable attorneys’ fees, consultant fees and expert fees and court costs) which arise or result from the
presence of Hazardous Materials on, in, under or about the Building or any other portion of the Land which exist prior to the Actual Delivery Date or which are caused by Landlord or any Landlord Parties. 
 (iv) Hazardous Materials. As used in this Lease, the term “Hazardous Materials” shall mean and include any chemical, substance,
material, controlled substance, object, condition, waste, living organism or combination thereof, whether solid, semi-solid, liquid or gaseous, which is or may be hazardous to human health or safety or to the environment due to its radioactivity,
ignitability, corrosivity, reactivity, explosivity, toxicity, carcinogenicity, mutagenicity, phytotoxicity, infectiousness or other harmful or potentially harmful properties or effects, including, without limitation, tobacco smoke, petroleum and
petroleum products, asbestos, radon, polychlorinated biphenyls (PCBs), refrigerants (including those substances defined in the Environmental Protection Agency’s “Refrigerant Recycling Rule,” as amended from time to time) and
all of those chemicals, substances, materials, controlled substances, objects, conditions, wastes, living organisms or combinations thereof which are now or become in the future listed, defined or regulated in any manner by any Environmental Law
based upon, directly or indirectly, such properties or effects. As used herein, “Environmental Laws” means any and all federal, state or local environmental, health and/or safety-related laws, regulations, standards, decisions of
courts, ordinances, rules, codes, orders, decrees, directives, guidelines, permits or permit conditions, currently existing and as amended, enacted, issued or adopted in the future which are or become applicable to Tenant, the Premises or the Land.

 (v) Survival. The provisions of this Section 6(c) shall survive the expiration of earlier termination of this Lease.

 7. NOTICES. Any notice required or permitted to be given hereunder must be in writing and may be given by personal delivery (including delivery by
reputable overnight courier) or by mail, if sent by registered or certified mail. Notices to Tenant shall be sufficient if delivered to Tenant at the address designated in Section 1(b) and notices to Landlord shall be sufficient if delivered to
Landlord at the address designated in Section 1(a). Either party may specify a different address for notice purposes by written notice to the other. Notice shall be deemed to be received upon the earlier of (a) actual receipt or refusal of
delivery or (b) (i) if by reputable overnight courier, one (1) business days after deposit with delivery expenses prepared and addressed as provided above or (ii) five (5) business days after deposit with the U.S. Postal
Service, postage prepaid and addressed as provided above. 
 8. BROKERS. The Parties acknowledge that the only broker who negotiated this Lease is
stated in Section 1(j) (the “Broker”). Tenant shall be responsible for the commissions payable to such Broker in connection with this Lease in accordance with separate commission agreements between Tenant and such Broker. Each
party represents and warrants to the other, that, to its knowledge, no other broker, agent or finder (a) negotiated or was instrumental in negotiating or consummating this Lease on its behalf, and (b) is or might be entitled to a
commission or compensation in connection with this Lease. Landlord shall promptly indemnify, protect, defend and hold Tenant harmless from and against any and all claims, damages, judgments, suits, causes of action, losses, liabilities, penalties,
fines, expenses and costs (including attorneys’ fees and court costs) in connection with (i) any failure or alleged failure by Landlord to pay commissions payable to the Brokers, (ii) any failure or alleged failure by Landlord to pay
fees or commissions related to with Landlord’s acquisition of the Land and/or (iii) any broker, agent or finder alleging representation of or agreement with Landlord in connection with this Lease. Tenant shall promptly indemnify, protect,
defend and hold Landlord harmless from and against any and all claims, damages, judgments, suits, causes of action, losses, liabilities, penalties, fines, expenses and costs (including attorneys’ fees and court costs) that may be asserted or
brought by any broker, agent or finder alleging representation of or agreement with Tenant in connection with this Lease. The foregoing indemnities shall survive the expiration or earlier termination of this Lease. 
  

 -6- 

 9. SURRENDER; HOLDING OVER. 
 (a) Surrender. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not constitute a merger, and shall, at the option of Landlord, operate as an assignment to Landlord of any or all
subleases or subtenancies. Upon the expiration or earlier termination of this Lease, Tenant agrees to peaceably surrender the Premises to Landlord broom clean and in reasonably good repair and condition, ordinary wear and tear and casualty damage
excepted, with all of Tenant’s personal property removed from the Premises and all damage caused by such removal repaired. Tenant shall not be required to remove any Permitted Alterations or any other Alterations approved by Landlord upon the
expiration or earlier termination of this Lease. Upon surrender of the Premises, ownership of such Permitted Alterations and Tenant improvements shall be transferred to Landlord, and Tenant agrees to execute all necessary documentation to evidence
such transfer at such time. 
 (b) Holding Over. Tenant will not be permitted to hold over possession of the Premises after the expiration or earlier
termination of the Term without the express written consent of Landlord, which consent Landlord may withhold in its sole and absolute discretion. If Tenant holds over after the expiration or earlier termination of the Term, Landlord may, at its
option, treat Tenant as a tenant at sufferance only, and such continued occupancy by Tenant shall be subject to all of the terms, covenants and conditions of this Lease, so far as applicable, except that the Monthly Base Rent for any such holdover
period shall be (i) the same Monthly Base Rent in effect under this Lease immediately prior to such holdover during the first ninety (90) days of holdover, and (ii) thereafter one hundred twenty five percent (125%) of the Monthly
Base Rent in effect under this Lease immediately prior to such holdover. Notwithstanding anything in this Lease to the contrary, Tenant shall not be liable for any consequential, punitive or other damages caused by any holdover. 
 10. TAXES ON TENANT’S PROPERTY. Tenant agrees to pay before delinquency, all taxes and assessments levied against Tenant’s personal property located at
the Premises. 
 11. ALTERATIONS. Tenant may, at its sole cost and expense, make alterations, additions, improvements and decorations (including,
without limitation, wall coverings, window coverings, floor coverings and other finishes) to the Premises (collectively, “Alterations”) subject to and upon the following terms and conditions: 
 (a) Permitted Alterations. Except for Permitted Alterations (defined below), Tenant shall not perform any Alterations in the Premises or the Land without the
prior written consent of Landlord, which shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing, Tenant may without the prior written consent of Landlord, but upon prior notice to Landlord, replace carpeting, floor
coverings and/or wall coverings; repaint walls and make the Alterations described in Exhibit “C” attached hereto; and make other Alterations that do not (i) materially and adversely affect the Building’s structure,
equipment, services or systems, or the proper functioning thereof; (ii) materially and adversely affect the outside appearance or character of the Building; or (iii) cost more than One Hundred Thousand and No/100ths
Dollars ($100,000.00) per project (exclusive of the cost of carpeting, painting, floor coverings, wall coverings and/or Alterations described in Exhibit “C”) (collectively, “Permitted Alterations”). 

(b) Landlord’s Approval. Before proceeding with any Alterations other than Permitted Alterations, Tenant must first obtain Landlord’s written
approval of the plans, specifications and working drawings for such Alterations, which approval Landlord will not unreasonably withhold, condition or delay as long as (i) Tenant delivers to Landlord notice and a copy of any final plans,
specifications and working drawings for any such Alterations at least ten (10) days prior to commencement of the work thereof, and (ii) the other conditions of this Section 11 are satisfied. Landlord shall approve or be deemed to have
approved all such requests for approval within twenty (20) days after request therefor. Landlord may not condition its consent to Alterations on the removal of such Alterations upon the expiration of the Term. 
 (c) Contractors. Before proceeding with any Alterations, Tenant agrees to provide Landlord with ten (10) days prior written notice and Tenant’s
contractors must obtain and maintain, on behalf of Tenant and at Tenant’s sole cost and expense all necessary governmental permits and approvals for the 

  

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commencement and completion of such Alterations. Throughout the performance of any Alterations, Tenant agrees to obtain, or cause its contractors to obtain,
workers compensation insurance and general liability insurance in compliance with the provisions of Section 16 of this Lease. 
 (d) Manner of
Performance. All Alterations must be performed: (i) substantially in accordance with the approved plans, specifications and working drawings (if applicable); (ii) in a lien-free and first-class and workmanlike manner; and (iii) in
compliance with all applicable Laws. 
 (e) Ownership. All Alterations will become the property of Landlord and will remain upon and be surrendered
with the Premises and become the property of the Landlord at the end of the Term of this Lease. Tenant shall have no obligation to remove upon termination of the Lease any tenant improvements constructed by Landlord or another tenant prior to the
Effective Date, any Alterations to which Landlord does not require removal in writing concurrently with its approval of working drawings, or any Permitted Alterations. If Landlord requires Tenant to remove any Alterations pursuant to this
Section 11(e), Tenant, at its sole cost and expense, shall remove the identified Alterations on or before the expiration or earlier termination of this Lease and repair any damage to the Premises caused by such removal and return the Premises
back to the substantially the same condition as when originally received by Tenant, normal wear and tear and casualty excepted. 
 (f) Personal
Property. All articles of personal property owned by Tenant or installed by Tenant at its expense in the Premises (including Tenant’s business and trade fixtures, furniture, movable partitions, raised floors, and equipment such as
telephones and switches, copy machines, computer terminals, refrigerators, supplemental HVAC units and facsimile machines) will be and remain the property of Tenant, and must be removed by Tenant from the Premises, at Tenant’s sole cost and
expense, on or before the expiration or earlier termination of this Lease. Tenant agrees to repair any damage caused by such removal at its cost on or before the expiration or earlier termination of this Lease. 
 12. REPAIRS. 
 (a) Landlord’s Obligations. Landlord agrees
at its sole expense to repair and maintain or cause to be repaired or maintained in a manner consistent with first-class buildings with similar physical characteristics in Santa Clara County, California, but in no event to a lesser standard than
described in Exhibit “B” attached hereto, the structural portions of the Building (including the shell and core), the plumbing, heating, ventilating, air conditioning and electrical systems for the Building, all Exterior Areas,
and shall make all necessary and customary capital repairs and replacements involving structure and building/operational systems of the Building, including, without limitation, the foundations, roof, walls and major building systems, unless such
maintenance and repairs are caused by the act, neglect or omission of any duty by Tenant or the Tenant Parties under this Lease, in which case, subject to the provisions of Sections 16(c) and 17 of this Lease, Landlord shall perform such
repairs at Tenant’s sole cost and expense, which amounts shall be reimbursed to Landlord within thirty (30) days after Landlord’s written demand therefor. 
 (b) Tenant’s Obligations. Subject to Landlord’s repair and maintenance obligations under Section 12(a) above and Exhibit “B” attached hereto, Tenant agrees to keep, maintain and
preserve the Premises in good condition and repair (reasonable wear and tear, damage by casualty event, Landlord’s repair and maintenance obligations under this Lease and/or the negligence or misconduct of Landlord or Landlord’s Parties
excepted). Tenant agrees to cause any mechanics’ liens or other liens arising as a result of work performed by Tenant or at Tenant’s direction (but excluding work performed by Landlord or any of Landlord’s Parties) to be eliminated as
provided in Section 13 below. 
 (c) Self-Help. Notwithstanding anything to the contrary contained in this Lease, Landlord agrees that if
Landlord fails to perform any under this Lease which it is obligated to perform (including without limitation Landlord’s repair and maintenance obligations) within the time periods set forth in Section 20 below, then Tenant shall be
permitted to perform such obligations on Landlord’s behalf in the Premises, provided Tenant first delivers to Landlord an additional two (2) business days prior written notice that Tenant will be performing such obligations, and provided
further that Landlord fails to commence to perform such 

  

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obligations within such additional two (2) business day period and diligently prosecute such work to completion. Notwithstanding the foregoing, if the
nature of the unperformed obligation is such that a bona fide emergency involving an immediate and imminent danger to life, health or property or material interference with Tenant’s business exists, the foregoing time periods and those set
forth in Section 20 shall be reasonably reduced based upon such emergency circumstances. All contractors engaged by Tenant pursuant to this Section shall be subject to Landlord’s reasonable approval, and Landlord agrees to approve or
reject any contractor proposed to be used by Tenant within twenty-four (24) hours of receipt of Tenant’s notice, provided that if a proposed contractor is licensed and reputable, and all requisite permits have been obtained for the desired
work, then Landlord shall be deemed to have given its approval of the proposed contractor. Landlord agrees to promptly reimburse Tenant following the receipt of a written statement of all reasonable and actual costs incurred by Tenant in performing
such obligations on behalf of Landlord together with interest at the Interest Rate. If Landlord fails or refuses to so reimburse Tenant within thirty (30) days after demand for same, then commencing as of the expiration of said thirty (30)
day period, Tenant shall have the right to offset the cost of performing any such obligations together with interest at the Interest Rate from date such costs are incurred by Tenant, against rental or other charges payable under this Lease, and
Tenant shall have the right to pursue any other remedies against Landlord available to it for failure by Landlord to timely make such payment, subject to the limitations contained in this Lease. Subject to the foregoing offset right, nothing
contained in this Section shall be interpreted to mean that Tenant shall be excused from paying rent or any other amount due under this Lease when due in the event of any alleged default by Landlord. 
 13. LIENS. Tenant agrees not to permit any mechanic’s, materialmen’s or other liens to be filed against all or any part of the Land, the Building or the
Premises, nor against Tenant’s leasehold interest in the Premises, by reason of or in connection with any repairs, alterations, improvements or other work contracted for or undertaken by Tenant or any other act or omission of Tenant or the
Tenant Parties. Landlord will have the right at all reasonable times to post on the Premises and record any notices of non-responsibility which it deems necessary for protection from such liens. If any such liens are filed, Tenant will, at its sole
cost, promptly cause such liens to be released of record or bonded so that it no longer affects title to the Land, the Building or the Premises. 
 14.
ENTRY BY LANDLORD. Landlord and its employees and agents will have the right to enter the Premises upon at least forty-eight (48) hours prior written notice to Tenant, to (i) perform maintenance and repairs required to be performed
by Landlord under this Lease, (ii) show the Premises to prospective purchasers and prospective lenders and/or, (iii) during the last nine (9) months of the Term only, show the Premises to prospective tenants. In exercising such entry
rights, Landlord will use commercially reasonable efforts to minimize, as reasonably practicable, the interference with Tenant’s business, and will provide Tenant with reasonable advance notice of any such entry (except in emergency
situations). Landlord, in exercising its rights under this Lease, (i) shall not interfere with access to the Premises or Tenant’s use and enjoyment of the Premises, the Parking Areas and/or the Exterior Areas, (ii) shall in no event
have access to Tenant’s designated secure area except in the case of an emergency, and (iii) shall repair, restore and redecorate any damage to the Premises caused by or at the direction of Landlord in exercising such rights. 

15. UTILITIES AND SERVICES. The Parties acknowledge and agree that the Premises, the Building and the Common Areas are not separately metered. Accordingly, the
Parties have agreed to apportion expenses for electricity, water, sewer, gas and other utility services used or consumed at the Building in accordance with the provisions of this Section. 
 (a) Electricity. 
 (i) Landlord shall cause all
invoices for electricity consumed at the Building and the Common Areas to be sent directly to Tenant by the public utility or other company providing electricity to the Building and the Common Areas (the “Electricity Provider”).
Tenant shall pay directly to the Electricity Provider such invoiced amounts when due. If requested in writing by Landlord, Tenant shall make available to Landlord evidence of payment of such invoices. The Electricity Provider may not be 

  

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changed during the Term by Landlord without the prior written consent of Tenant, which consent may be withheld in Tenant’s sole and absolute discretion.

 (ii) Landlord and Tenant estimate that the average monthly value of electricity consumed by the portion of the Building located outside of
the Premises is Two Thousand Five Hundred Seventy-Eight Dollars ($2,578.00) per month (the “Estimated Electricity Allocation”). The Estimated Electricity Allocation shall remain fixed and shall not be subject to adjustment, except
in accordance with subparts (iii) or (iv) below. Tenant shall invoice Landlord monthly for the Estimated Electricity Allocation, which invoice shall include a copy of the invoice from the Electricity Provider for such period. 

(iii) Notwithstanding anything in this Lease to the contrary, the Estimated Electricity Allocation shall be subject to adjustment if the Net
Electricity Rate (defined below) increases or decreases during the Term. As used herein, the “Net Electricity Rate” shall mean the overall amount invoiced by the Electricity Provider for electricity consumption at the Building and
the Common Areas over the entire invoice period (including all taxes, fees and other surcharges on such invoice, but excluding any separate mark-up imposed by Landlord or Tenant) divided by the kilowatt hours consumed at the Premises during such
invoice period. The Estimated Electricity Allocation specified in subpart (ii) above is based on a Net Electricity Rate of $0.135 per kilowatt hour for the months of November through April and $0.190 per kilowatt hour for the months of May
through October (the “Initial Net Electricity Rate”). The amount of the Estimated Electricity Allocation shall be adjusted proportionately to any increases or decreases in the applicable Net Electricity Rate. 
 (iv) If either Landlord or Tenant determines that the usage of electricity in the Building, the Common Areas or the Premises at any time during the Term
has changed in such a manner that makes the Estimated Electricity Allocation inequitable or unjust, then written notice shall be delivered to the other Party (the “Initial Electricity Notice”) and the Parties shall negotiate in good faith
to develop an alternative means of allocating electrical consumption for the Building and the Premises between Landlord and Tenant, it being the intent of the Parties that Landlord shall be responsible for electrical consumption in all Common Areas
and all portions of the Building other than the Premises (the “Landlord Portion”), with Tenant to be responsible for all electricity consumption in the Premises (the “Tenant Portion”). If, notwithstanding such negotiations,
Landlord and Tenant have not agreed upon a reallocation of the Estimated Electricity Allocation within thirty (30) days after the commencement of such negotiations, then either Party may deliver notice to the other Party of its intent to engage
an electrical engineer to determine the electrical load and usage of the Premises relative to the remainder of the Building. Such electrical engineer shall be reasonably acceptable to the other Party, have a bachelor’s or greater degree in an
engineering discipline from an accredited university, at least five (5) years of experience in performing similar calculations and analysis, and be independent of Landlord and Tenant (i.e. has not been engaged by Landlord, Tenant or their
respective constituents or affiliates, during the past five (5) years). Prior to engaging the electrical engineer, Landlord and Tenant each shall specify in writing its best and final estimate (each, the “Final Estimate”) of a revised
Estimated Electrical Allocation for the Landlord Portion and the Tenant Portion as a percentage of overall electrical use for the entire Building and Common Areas. The electrical engineer shall perform a survey of the Building, the Premises and the
Common Areas, giving due consideration to anticipated fluctuations in usage over a full calendar year. Based on such survey, the electrical engineer shall calculate the Landlord Portion and the Tenant Portion (the “Engineer’s
Calculation”). A copy of such survey and the Engineer’s Calculation shall be provided to Landlord and Tenant. If Landlord’s Final Estimate is closer to the Engineer’s Calculation than Tenant’s Final Estimate, then Tenant
shall bear the reasonable costs and expenses of the electrical engineer in performing the survey and Engineer’s Calculation. If Tenant’s Final Estimate is closer to the Engineer’s Calculation than Landlord’s Final Estimate, then
Landlord shall bear the reasonable costs and expenses of the electrical engineer in performing the survey and the Engineer’s Calculation. Effective as of the date of the Initial Electricity Notice, the Estimated Electricity Allocation shall be
revised to the Engineer’s Calculation for both the Landlord Portion and the Tenant Portion. Unless the Estimated Electricity Allocation is subsequently revised pursuant to changes in the Net Electricity Rate as provided in subpart
(iii) above or subsequent revisions of the Estimated Electricity Allocation in accordance with the provisions of this subpart (iv), all future payments of the Estimated Electricity Allocation shall use the Engineer’s Calculation and all
payments of the Estimated Electricity Allocation from the Initial Electricity 

  

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Notice date until the date of the issuance of the Engineer’s Calculation shall be revised consistent with the Engineer’s calculation, with Landlord
to pay any additional amount owing to Tenant or Tenant to issue a refund to Landlord, as may be applicable, within thirty (30) days after the date of the Engineer’s Calculation. 
 (b) Other Utilities. Tenant shall reimburse Landlord for Tenant’s pro rata share of water, sewer, gas and other utility services used or consumed at the
Building (collectively, the “Other Utilities”). Landlord shall invoice Tenant for the cost of Other Utilities not more frequently than monthly, with Tenant to pay Landlord an amount equal to Tenant’s pro rata share of the actual
amount invoiced to Landlord by the utility supplier(s) providing the Other Utilities, without mark-up, uplift or surcharge by Landlord. As used herein, Tenant’s pro rata share shall be a percentage equal to the gross square footage of the
Premises divided by the gross square footage of the Building. Notwithstanding the foregoing, if the use of the Premises or the remainder of the Building is changed or modified in such a manner that materially affects the consumption of Other
Utilities or the apportionment of costs for Other Utilities pursuant to this Section, then Tenant’s pro rata share shall be equitably modified to reflect the estimated actual usage of Other Utilities by the Premises relative to the remainder of
the Building. 
 (c) Utilities Invoices. All invoices for electricity and Other Utilities reimbursement issued pursuant to this Article (collectively,
“Utilities Costs”) shall be due and payable within thirty (30) days after receipt by the applicable Party. Tenant shall be responsible for Utilities Costs pursuant to the provisions of this Lease from the date Landlord delivers
possession of the Premises to Tenant and Tenant has accepted such possession until the expiration or earlier termination of this Lease. If invoices for Utilities Costs for the first month of such period include Utilities Costs consumed at the
Building prior to Landlord’s delivery of possession of the Premises and acceptance thereof by Tenant, then such Utilities Costs shall be equitably prorated based on the number of days in the applicable invoice period. 
 16. INSURANCE. 
 (a) Tenant’s Insurance. On or before the
earlier to occur of (i) the Commencement Date, or (ii) the date Tenant commences any work of any type in the Premises pursuant to this Lease (which may be prior to the Commencement Date), and continuing throughout the entire Term hereof
and any other period of occupancy, Tenant agrees to keep in full force and effect, at its sole cost and expense, the following insurance: 
 (i) Commercial General Liability Insurance or Comprehensive General Liability Insurance with an aggregate liability amount not less than $5,000,000 combined single limit for both bodily injury and property damage. At least $1,000,000 of
such coverage shall be provided by a primary liability policy, and any balance may be provided by a so-called “umbrella” or excess liability policy. If such primary policy is an aggregate liability limit policy, not less than $500,000 of
such limit per annum shall be available for claims originating at the Premises. 
 (ii) Workers’ Compensation as required by the laws of
the State. 
 (b) Supplemental Tenant Insurance Requirements. 
 (i) All policies must be issued by insurers with a policyholder rating of “A” and a financial rating of “VIII” in the most recent version of Best’s Key Rating Guide. 
 (ii) All policies must contain a requirement that the insurer will endeavor to notify Landlord (and Landlord’s partners, members and property
manager and any mortgagees or ground lessors of Landlord who are named as additional insureds, if any) in writing not less than ten (10) days prior to any material adverse change, reduction in coverage, cancellation or other termination
thereof. Tenant agrees to deliver to Landlord, as soon as practicable after placing the required insurance, but in any event within the time frame specified in Section 16(a) above, certificate(s) of insurance evidencing the existence of
such insurance and Tenant’s compliance with the provisions of this Section. Tenant agrees to cause 

  

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replacement certificates to be delivered to Landlord not less than ten (10) days prior to the expiration of any such policy or policies. 
 (iii) General Liability policies under Section 16(a)(i) must include policy endorsements naming Landlord (and at Landlord’s request,
Landlord’s mortgagees of which Tenant has been informed in writing) as additional insureds. 
 (c) Mutual Waiver of Parties. Tenant hereby waives
its rights against Landlord with respect to any claims or damages or losses which are caused by or result from (a) any occurrence insured against under any insurance policy (other than the commercial general liability insurance) carried by
Tenant pursuant to the provisions of this Lease and enforceable at the time of such damage or loss, or (b) any occurrence which would have been covered under any insurance (other than the commercial general liability insurance) required to be
obtained and maintained by Tenant under this Lease had such insurance been obtained and maintained as required therein. Landlord hereby waives its rights against Tenant with respect to any claims or damages or losses which are caused by or result
from (a) any occurrence insured against under any insurance policy (other than the commercial general liability insurance) carried by Landlord pursuant to the provisions of this Lease and enforceable at the time of such damage or loss, or
(b) any occurrence which would have been covered under any insurance (other than the commercial general liability insurance) required to be obtained and maintained by Landlord under this Lease had such insurance been obtained and maintained as
required therein. The foregoing waivers shall be in addition to, and not a limitation of, any other waivers or releases contained in this Lease. 
 (d)
Waiver of Insurers. Each party shall cause each insurance policy (other than the commercial general liability insurance) required to be obtained by it pursuant to this Lease to provide that the insurer waives all rights of recovery by way of
subrogation against either Landlord or Tenant, as the case may be, in connection with any claims, losses and damages covered by such policy. If either party fails to maintain any such insurance required hereunder, such insurance shall be deemed to
be self-insured with a deemed full waiver of subrogation as set forth in the immediately preceding sentence. 
 (e) Landlord Insurance. Landlord
agrees to carry “all risk” coverage insurance, having coverage of perils including without limitation fire, windstorm and vandalism, for the full replacement cost of the Building excluding excavation, footings, foundations and any
Alterations which Tenant is required to insure pursuant to the terms of this Lease. Further, Landlord shall carry Commercial General Liability Insurance or Comprehensive General Liability Insurance with an aggregate liability amount not less than
$1,000,000 combined single limit for both bodily injury and property damage, including blanket broad form property damage, personal injury, completed operations, products liability and host liquor liability (or liquor liability, if applicable). At
least $1,000,000 of such coverage shall be provided by a primary liability policy, and any balance may be provided by a so-called “umbrella” or excess liability policy. If such policy is an aggregate liability limit policy, not less than
$500,000 of such limit per annum shall be available for claims originating at the Premises. All insurance maintained by Landlord pursuant to this Section 16(e) shall comply with the requirements of Section 16(b) above (with Tenant to be
named as additional insured under such insurance and to receive required notices from Landlord’s insurer). 
 (f) Blanket Insurance.
Notwithstanding anything to the contrary in this Section, Tenant’s obligation to obtain and maintain the insurance required hereunder may be satisfied by obtaining coverage under so-called blanket and excess liability policies of insurance
carried and maintained by Tenant. 
 17. DAMAGE OR DESTRUCTION. 
 (a) Partial Destruction. If the Premises, the Building, Alterations or the Exterior Areas (including Parking Areas) are damaged by fire or other casualty to an extent not exceeding twenty-five percent (25%) of the rentable
square footage of the Premises, and the damage thereto may be repaired, reconstructed or restored to substantially its condition immediately prior to such damage within ninety (90) days from the date of such casualty, then Landlord agrees to
commence and proceed diligently with the work of repair, reconstruction and restoration and, subject to Tenant’s termination right in Section 17(c) below, this Lease will continue in full force and effect. 
  

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 (b) Substantial Destruction. Any damage or destruction to the Premises, the Building, Alterations or the Exterior
Areas (including the Parking Areas) which Landlord is not obligated to repair pursuant to Section 17(a) above will be deemed a substantial destruction. In the event of a substantial destruction, Tenant may elect either to (i) require
Landlord to repair, reconstruct and restore the portion of the Building, the Premises and the Exterior Areas damaged by such casualty, in which case this Lease will continue in full force and effect, subject to Tenant’s termination right
contained in Section 17(c) below; or (ii) terminate this Lease effective as of the date of such casualty. 
 (c) Tenant’s Termination
Rights. If Landlord fails to complete its repair, reconstruction and restoration obligations under Section 17(a) above within ninety (90) days after the date of the casualty, then Tenant may terminate this Lease effective upon delivery
of written notice to Landlord. If Tenant elects to require Landlord to repair, reconstruct and restore pursuant to Section 17(b)(i) above but such restoration has not been completed within ninety (90) days after the date of the casualty,
then Tenant may terminate this Lease effective upon delivery of written notice to Landlord. 
 (d) Restoration Obligations. In the event of any damage
or destruction of all or any part of the Premises, Tenant agrees to immediately notify Landlord thereof. Landlord shall at its expense as provided in Sections 17(a) and 17(b) this Lease, restore the Premises, the Building, Alterations or the
Exterior Areas (including the Parking Areas) unless this Lease is terminated as permitted in this Section 17. At Tenant’s expense as provided in this Lease, Tenant shall restore any Alterations and Tenant’s furniture, fixtures,
equipment and other personal property unless this Lease is terminated as permitted in this Section 17. 
 (e) Abatement of Rent. In the event of
any damage, repair, reconstruction and/or restoration described in this Section 17, Monthly Base Rent will be abated or reduced, as the case may be, from the date of such casualty, in proportion to the degree to which Tenant’s use of the
Premises is impaired during such period of repair until Landlord completes all repairs to be performed by Landlord under this Lease and Tenant has been given a reasonable period of time not to exceed forty-five (45) days to re-fixturize and
move back into the Premises. 
 (f) Damage Near End of Term. Tenant shall have the right to terminate this Lease if any damage to the Premises occurs
during the last twelve (12) months of the Term of this Lease and Tenant determines that the restoration of such damage cannot be completed within sixty (60) days after the date of such casualty. 
 (g) Termination. Upon any termination of this Lease under any of the provisions of this Section 17, the Parties will be released without further obligation
to the other from the date possession of the Premises is surrendered to Landlord except for items which have accrued and are unpaid as of the date of termination and matters which are to survive any termination of this Lease as provided in this
Lease. 
 18. EMINENT DOMAIN. 
 (a) Substantial
Taking. If the whole of the Premises, or such part of the Land as shall substantially and adversely interfere with Tenant’s use and occupancy of the Premises as contemplated by this Lease (including without limitation Tenant’s use of
the Parking Areas), is taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to prevent such taking, then Tenant will have the right to
terminate this Lease effective as of the date possession is required to be surrendered to such authority. 
 (b) Partial Taking; Abatement of Rent. In
the event of a taking of a portion of the Premises or the Land which does not result in Tenant’s termination of this Lease pursuant to Section 18(a) above, then Landlord will thereafter proceed to make a functional unit of the remaining
portion of the Premises, and rent will be abated with respect to the part of the Premises which Tenant is deprived of on account of such taking. 
  

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 (c) Condemnation Award. In connection with any taking of the Premises or the Building, Landlord will be entitled
to receive the entire amount of any award which may be made or given in such taking or condemnation, without deduction or apportionment for any estate or interest of Tenant, it being expressly understood and agreed by Tenant that no portion of any
such award will be allowed or paid to Tenant for any so-called bonus or excess value of this Lease, and such bonus or excess value will be the sole property of Landlord; provided, however, solely Tenant shall be entitled to receive an award with
respect to Tenant’s personal property, fixtures and Alterations to the Premises. Tenant agrees not to assert any claim against Landlord or the taking authority for any compensation because of such taking (including any claim for bonus or excess
value of this Lease); provided, however, if any portion of the Premises is taken, Tenant will have the right to recover from the condemning authority (but not from Landlord) any compensation as may be separately awarded or recoverable by Tenant for
the taking of Tenant’s Alterations, furniture, fixtures, equipment and other personal property within the Premises, for Tenant’s relocation expenses, for any loss of goodwill or other damage to Tenant’s business by reason of such
taking, and any other damages that may be recovered under the laws of the State. 
 (d) Temporary Taking. In the event of taking of the Premises or
any part thereof for temporary use, (i) this Lease will remain unaffected thereby and Monthly Base Rent will abate for the duration of the taking in proportion to the extent Tenant’s use of the Premises is interfered with, and
(ii) Landlord will be entitled to receive such portion or portions of any award made for such use. For purpose of this Section, a temporary taking shall be defined as a taking for a period of ninety (90) days or less. 
 19. DEFAULTS AND REMEDIES. 
 (a) Defaults. The occurrence of
any one or more of the following events will be deemed a “Default” by Tenant: 
 (i) The failure by Tenant to make any
payment of rent or additional rent or any other payment required to be made by Tenant hereunder, as and when due, where such failure continues for a period of ten (10) business days after written notice thereof from Landlord to Tenant.

 (ii) The failure by Tenant to observe or perform any of the express or implied covenants or provisions of this Lease to be observed or
performed by Tenant, other than as specified in Section 19(a)(i) above, where such failure continues (where no other period of time is expressly provided) for a period of thirty (30) days after written notice thereof from Landlord to
Tenant. If the nature of Tenant’s Default is such that more than thirty (30) days are reasonably required for its cure, then Tenant will not be deemed to be in Default if Tenant commences such cure within such thirty (30) day period
and thereafter diligently prosecutes such cure to completion. 
 (iii) (a) The making by Tenant of any general assignment for the
benefit of creditors; (b) the filing by or against Tenant of a petition to have Tenant adjudged a bankrupt or a petition for reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed against
Tenant, the same is dismissed within sixty (60) days); (c) the appointment of a trustee or receiver to take possession of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease, where
possession is not restored to Tenant within sixty (60) days; or (d) the attachment, execution or other judicial seizure of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease where
such seizure is not discharged within sixty (60) days. 
 (b) Landlord’s Remedies. 
 (i) Termination. Upon the occurrence of a Default, Landlord may, at its option, terminate this Lease by written notice to Tenant and recover
possession of the Premises. Following such termination, Landlord may recover from Tenant damages arising from the Default and the termination of this Lease, including without limitation the following: (i) the Worth at the Time of Award of the
unpaid Monthly Base Rent which had been earned at the time of termination; plus (ii) the Worth at the Time of Award of the amount by which the unpaid Monthly Base Rent which would have been earned after termination until the time of award
exceeds the amount of such rental loss that Tenant proves could 

  

 -14- 

 
have been reasonably avoided; plus (iii) the Worth at the Time of Award of the amount by which the unpaid Monthly Base Rent for the balance of the Term
after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided; plus (iv) any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to
perform its obligations under this Lease or which in the ordinary course of things would be likely to result therefrom. As used in subsections (i) and (ii) above, the “Worth at the Time of Award” shall be computed by
allowing interest at the Interest Rate. As used in subsection (a)(iii) above, the “Worth at the Time of Award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at
the time of award plus one percent (1%). 
 (ii) Civil Code Section 1951.4. Upon the occurrence of a Default, Landlord may, at
its option, exercise the remedy described in California Civil Code 1951.4 (Landlord may continue the lease in effect after lessee’s breach and abandonment and recover rent as it becomes due, if lessee has the right to sublet or assign,
subject only to reasonable limitations). 
 (c) Landlord’s Remedies; Performance for Tenant. All covenants and agreements to be performed by
Tenant under any of the terms of this Lease are to be performed by Tenant at Tenant’s sole cost and expense and, except as expressly provided in this Lease, without any abatement of rent. If Tenant fails to pay any sum of money owed to any
party other than Landlord, for which it is liable under this Lease, or if Tenant fails to perform any other act on its part to be performed hereunder, and such failure constitutes a Default by Tenant, Landlord may, without waiving or releasing
Tenant from its obligations, but shall not be obligated to, make any such payment or perform any such other act to be made or performed by Tenant. Tenant agrees to reimburse Landlord upon demand for all sums so paid by Landlord and all necessary
incidental costs, together with interest thereon at the Interest Rate, from the date of such payment by Landlord until reimbursed by Tenant. This remedy shall be in addition to any other right or remedy of Landlord set forth in this Section.

 (d) Late Payment. If Tenant fails to pay any installment of rent within ten (10) days of when due or if Tenant fails to make any other payment
for which Tenant is obligated under this Lease within ten (10) days of when due, such late amount will accrue interest at the Interest Rate and Tenant agrees to pay Landlord as additional rent such interest on such amount from the date such
amount becomes due until such amount is paid. In addition, Tenant agrees to pay to Landlord concurrently with such late payment amount, as additional rent, a late charge equal to two percent (2%) of the amount due to compensate Landlord for the
extra costs Landlord will incur as a result of such late payment. Acceptance of any such interest and late charge will not constitute a waiver of the Tenant’s Default with respect to the overdue amount, or prevent Landlord from exercising any
of the other rights and remedies available to Landlord. Notwithstanding the foregoing, for the first two (2) monetary delinquencies in any calendar year, Tenant shall be entitled to receive written notice and five (5) business days from
receipt of such notice to cure such monetary delinquency before Landlord may assess any interest or late charges under this Lease. 
 (e) Rights and
Remedies Cumulative. All rights, options and remedies of Landlord and Tenant contained in this Lease will be construed and held to be cumulative, and no one of them will be exclusive of the other, and except as otherwise expressly stated in this
Lease, Landlord and Tenant shall have the right to pursue any one or all of such remedies or any other remedy or relief which may be provided by law or in equity, whether or not stated in this Lease. Nothing in this Section will be deemed to limit
or otherwise affect each party’s indemnification of the other pursuant to any provision of this Lease. 
 20. LANDLORD’S DEFAULT. Landlord
shall be in default under this Lease if Landlord fails to perform any of its obligations under this Lease within thirty (30) days after the receipt of written notice from Tenant specifying in detail Landlord’s failure to perform; provided
however, that if the nature of Landlord’s obligation is such that more than thirty (30) days are required for performance, then Landlord shall have an additional reasonable period of time to cure such default provided that Landlord
commences such performance within such thirty (30) day period and thereafter diligently pursues the same to completion. Upon any default by Landlord, Tenant may exercise any of its rights provided at law or in equity. 
  

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 21. ASSIGNMENT AND SUBLETTING. 
 (a) Restriction on Transfer. Tenant shall have the right subject to Landlord’s consent, which shall not be unreasonably withheld or delayed, to sublease or assign (any such assignment, encumbrance,
sublease or the like will sometimes be referred to as a “Transfer”), any portion of the Premises, and any portion of any space subsequently leased, at any time during the Term of the Lease and the Option Term. Landlord shall not
have the right to recapture the Premises. 
 (b) Non-Transfers. Notwithstanding the provisions of this Section 21 to the contrary, for purposes
of this Section 21, a reorganization, merger, sale, partnership change, assignment, transfer or hypothecation of any partnership or other ownership interest in Tenant shall not be deemed a Transfer under the Lease or require the prior written
consent of Landlord. The use by or the assignment or subletting of all or a portion of the Premises to any subsidiary or Affiliate of Tenant shall not constitute a Transfer under this Lease or require the prior written consent of Landlord. For
purposes of this Lease, an “Affiliate” of any entity shall mean another entity which controls, is controlled by, or is under common control with such entity. 
 (c) Transfer Notice. If Tenant desires to effect a Transfer, then at least ten (10) days prior to the date when Tenant desires the Transfer to be effective (the “Transfer Date”), Tenant
agrees to give Landlord a notice (the “Transfer Notice”), stating the name, address and business of the proposed assignee, sublessee or other transferee (sometimes referred to hereinafter as “Transferee”),
reasonable information (including references) concerning the ownership, and financial condition of the proposed Transferee, the Transfer Date, any ownership or commercial relationship between Tenant and the proposed Transferee, and the consideration
and all other material terms and conditions of the proposed Transfer, all in such detail as Landlord may reasonably require. Within ten (10) business days of Landlord’s receipt of any Transfer Notice, and Landlord will elect in writing to
do one of the following (i) consent to the proposed Transfer; or (ii) refuse such consent, which refusal shall be on reasonable grounds (set forth in reasonable detail in such notice of election). 
 (d) Miscellaneous. Any Transferee of Tenant shall deliver to Landlord a true copy of the fully executed instrument of assignment, sublease, transfer or
hypothecation, and, in the case of an assignment, an agreement executed by the Transferee whereby the Transferee assumes and agrees to be bound by all of the terms and provisions of this Lease and to perform all of the obligations of Tenant
hereunder. If Tenant enters into a Transfer in accordance with this Section 21, Landlord shall also simultaneously execute and deliver a recognition agreement in commercially reasonable form pursuant to which Landlord shall agree that in the
event Tenant defaults under the Lease, the Transfer shall be recognized as a direct lease between Landlord and the Transferee on the terms and conditions of this Lease. Tenant shall not be released from its obligation in the event of an assignment
of the Lease absent a further written agreement. 
 22. SUBORDINATION. 
 (a) Current Lienholders. Prior to the Commencement Date, Landlord shall provide Tenant with a Subordination, Non-Disturbance and Attornment Agreement (“SNDA”) substantially in the form attached
hereto as Exhibit “D” from any ground lessors, mortgage holders or lien holders (each, a “Superior Mortgagee”) then in existence. In the event that Landlord fails to provide an SNDA substantially in the form of
Exhibit “D” from each Superior Mortgagee within the time frame set forth in this Section, Tenant shall have the right, in addition to its other rights and remedies hereunder or otherwise available at law or in equity, exercisable at
any time thereafter, to terminate this Lease (subject to an additional ten (10) day prior notice) or to toll the Commencement Date and the commencement of the Term until such time as Tenant has received an SNDA in the form of Exhibit
“D” attached hereto executed by each of the Superior Mortgagees. 
 (b) Future Liens. Tenant agrees to subordinate this Lease and its
interest in the Premises and the Land to the lien of any Superior Mortgagee who comes into existence at any time prior to the expiration of the 

  

 -16- 

 
Term, provided that such subordination is conditioned upon the Superior Mortgagee’s delivery to Tenant of an executed SNDA substantially in the form of
Exhibit “D”. 
 23. ESTOPPEL CERTIFICATE. 
 (a) Tenant’s Obligations. Within ten (10) business days following any written request which Landlord may make from time to time, Tenant agrees to execute and deliver to Landlord a statement, in a form substantially similar
to the form of Exhibit “E-1” attached hereto or as may reasonably be required by Landlord’s lender, certifying to Tenant’s actual knowledge (subject to any applicable exceptions set forth in such statement):
(i) the Commencement Date of this Lease; (ii) the fact that this Lease is unmodified and in full force and effect (or, if there have been modifications, that this Lease is in full force and effect, and stating the date and nature of such
modifications); (iii) the date to which the rent and other sums payable under this Lease have been paid; (iv) that, to the best of Tenant’s knowledge, there are no current Defaults under this Lease by Landlord except as specified in
Tenant’s statement; and (v) such other matters reasonably requested by Landlord. Landlord and Tenant intend that any statement delivered pursuant to this Section may be relied upon by any mortgagee, beneficiary, purchaser or prospective
purchaser of the Building or any interest therein. Without limiting the foregoing, if Tenant fails to deliver any such statement within such ten (10) business day period, Landlord may deliver to Tenant an additional request for such statement
and Tenant’s failure to deliver such statement to Landlord within ten (10) business days after delivery of such additional request will constitute a Default under this Lease. 
 (b) Landlord’s Obligations. Within ten (10) business days following any written request which Tenant may make from time to time, Landlord agrees to execute and deliver to Tenant a statement, in a form
substantially similar to the form of Exhibit “E-2” attached hereto, certifying to Landlord’s actual knowledge (subject to any applicable exceptions set forth in such statement): (i) the Commencement Date of this Lease;
(ii) the fact that this Lease is unmodified and in full force and effect (or, if there have been modifications, that this Lease is in full force and effect, and stating the date and nature of such modifications); (iii) the date to which
the rent and other sums payable under this Lease have been paid; (iv) that, to the best of Landlord’s knowledge, there are no current defaults under this Lease by either Landlord or Tenant; and (v) such other matters reasonably
requested by Tenant. Landlord and Tenant intend that any statement delivered pursuant to this Section 23(b) may be relied upon by any prospective Transferee, lender, purchaser and/or investor of any interest in Tenant or its interest under this
Lease. Without limiting the foregoing, if Landlord fails to deliver any such statement within such ten (10) business day period, Tenant may deliver to Landlord an additional request for such statement and Landlord’s failure to deliver such
statement to Tenant within ten (10) business days after delivery of such additional request will constitute a Landlord default pursuant to Section 20 of this Lease, and Landlord shall be liable for and shall pay to Tenant upon demand Five
Hundred Dollars ($500.00) per day for each day beyond the expiration of the foregoing second ten (10) business day period that Landlord delays in delivering the statement to Tenant. 
 24. WAIVER. The waiver by either party of any breach of any term, covenant or condition herein contained will not be deemed to be a waiver of any subsequent
breach of the same or any other term, covenant or condition herein contained. The subsequent acceptance of rent or any other payment hereunder by Landlord will not be deemed to be a waiver of any preceding breach by Tenant of any term, covenant or
condition of this Lease, other than the failure of Tenant to pay the particular rent so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of acceptance of such rent. No acceptance by Landlord of a lesser sum than
the basic rent and additional rent or other sum then due will be deemed to be other than on account of the earliest installment of such rent or other amount due, nor will any endorsement or statement on any check or any letter accompanying any check
be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such installment or other amount or pursue any other remedy provided in this Lease. The consent
or approval of Landlord to or of any act by Tenant requiring Landlord’s consent or approval will not be deemed to waive or render unnecessary Landlord’s consent or approval to or of any subsequent similar acts by Tenant. 
  

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 25. PARKING. So long as this Lease is in effect, Landlord grants to Tenant and its employees, agents, customers,
visitors, officers, contractors, licensees and invitees the right to use the parking spaces described in Section 1(i) of this Lease at no cost to Tenant. Landlord shall not reduce the surface parking on the Land below the amount present on the
Effective Date. 
 26. FORCE MAJEURE. If either Landlord or Tenant is delayed, hindered in or prevented from the performance of any act required under
this Lease by reason of strikes, lock-outs, labor troubles, inability to procure standard materials, restrictive governmental laws, regulations or orders or governmental action or inaction (including failure, refusal or delay in issuing permits,
approvals and/or authorizations which is not the result of the action or inaction of the party claiming such delay), riots, civil unrest or insurrection, war, terrorism, bioterrorism, fire, earthquake, flood or other natural disaster, unusual and
unforeseeable delay which results from an interruption of any public utilities (e.g., electricity, gas, water, telephone) including, without limitation, utility service provider initiated “brown-outs” or “black-outs” or other
unusual and unforeseeable delay not within the reasonable control of the party delayed in performing work or doing acts required under the provisions of this Lease (each a “Force Majeure Delay”), then performance of such act will be
excused for the period of the delay and the period for the performance of any such act will be extended for a period equivalent to the period of such delay. 
 27. SIGNS. At its sole cost and expense, Tenant shall be permitted to install identification signage on the building that includes the Premises, as well as monument and directional signage in locations reasonably required by Tenant.
All signage installed by Tenant hereunder shall comply with all applicable Laws. 
 28. QUIET ENJOYMENT. Landlord covenants and agrees with Tenant
that upon Tenant paying the rent required under this Lease and paying all other charges and performing all of the covenants and provisions on Tenant’s part to be observed and performed under this Lease, Tenant may peaceably and quietly have,
hold and enjoy the Premises in accordance with this Lease without hindrance or molestation by Landlord or its employees or agents. Landlord shall not block, impede or take other measures to restrict access of Tenant’s Parties to the Premises in
a manner that is not approved by Tenant, which approval shall not be unreasonably withheld, conditioned or delayed. 
 29. EXTENSION OPTION.

 (a) Subject to the terms of this Section, Landlord hereby grants to Tenant one (1) option (the “Extension Option”) to extend the Term
of this Lease with respect to the entire Premises for three (3) years (“Option Term”), on the same terms, covenants and conditions as provided for in this Lease during the initial Term, except that Monthly Base Rent shall be
established based upon ninety-five percent (95%) of the “fair market rental rate” for the Premises for the Option Term as defined and determined in accordance with the provisions of this Section below. The Extension Option may be
exercised by Tenant or any Transferee of Tenant. 
 (b) The Extension Option must be exercised, if at all, by written notice (“Extension
Notice”) delivered by Tenant to Landlord no later than one hundred eighty (180) days prior to the expiration of the initial Lease Term. 
 (c)
The term “fair market rental rate” as used in this Section 29 shall mean the annual amount per rentable square foot, which as of the date of determination is projected for and throughout the Option Term to be acceptable to a willing,
non-equity, non-renewal tenant of credit worthiness comparable to Tenant, and a willing landlord of a comparable building of similar physical characteristics within Santa Clara county, California (the “Comparison Market”), in an
arm’s length transaction, leasing premises comparable in quality as the Premises, taking into account the age and layout of the existing improvements in the Premises and comparison leases and other items that professional real estate brokers
customarily consider, including, but not limited to, rental rates, availability, tenant size and creditworthiness, tenant improvement allowances, abatements, free rent, concessions and other additional rent charges and allowance, and any other lease
considerations, if any, then being charged or granted by Landlord or the lessors of such similar office premises. 
  

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 (d) Landlord shall provide written notice of Landlord’s determination of the fair market rental rate
(“Landlord’s Estimate”) within thirty (30) days following the exercise by Tenant of the applicable Extension Option. Tenant shall have thirty (30) days (“Tenant’s Review Period”) after receipt of
Landlord’s notice of Landlord’s Estimate within which to accept such amount or to object thereto in writing. Failure of Tenant to accept or object to Landlord’s Estimate in writing within Tenant’s Review Period conclusively shall
be deemed Tenant’s objection to Landlord’s Estimate. If Tenant objects to or is deemed to have objected to the Landlord’s Estimate, Landlord and Tenant will meet to present and discuss their individual determinations of the fair
market rental rate for the Premises under the parameters set forth in Section 29(c) above and shall diligently and in good faith attempt to negotiate a rental rate on the basis of such individual determinations. Such meeting shall occur no
later than ten (10) business days after Tenant objects to, or is deemed to have objected to, Landlord’s Estimate. The Parties shall each provide the other with such supporting information and documentation as they deem appropriate. At such
meeting if Landlord and Tenant are unable to agree upon the fair market rental rate, they shall each submit to the other their respective best and final offer (“Final Offer”) as to the fair market rental rate. Tenant shall have the
right to withdraw the Extension Notice at any time on or prior to the fifth (5th) business day following such a meeting (the “Outside Agreement Date”) without liability. If Landlord and Tenant fail to reach agreement on such
fair market rental rate and Tenant does not withdraw the Extension Notice on or prior to the Outside Agreement Date, the extension of this Lease shall be binding and each party’s determination shall be submitted to arbitration, subject to the
provision so of this Section. For ten (10) business days after the Outside Agreement Date, Landlord and Tenant shall use good faith, commercially reasonable efforts to select a mutually acceptable independent MAI appraiser or broker
(“Appraiser”) who has been active over the five-year period ending on the date of such appointment in appraising buildings (or in the case of a broker, commercial leasing) in the Comparison Market with comparable physical
characteristics to the Premises and which has not been engaged by Landlord, Tenant or any parent, subsidiary or affiliate thereof within the last three (3) years. If Landlord and Tenant are not able to agree upon a mutually acceptable Appraiser
pursuant to the preceding sentence, then either Landlord or Tenant may petition the local office of JAMS to appoint an Appraiser satisfying the requirements of the previous sentence. The method of arbitration shall be that known as the
“baseball” type of arbitration: Each party shall submit to the Appraiser its Final Offer made pursuant to this Section 29(d) in advance of the hearing. The Appraiser shall be limited to awarding only one or the other of the two
figures submitted. Landlord and Tenant shall use commercially reasonable efforts to cause the Monthly Base Rent for the Option Term to be determined at least thirty (30) days prior to the start of the Option Term. The Appraiser’s
determination of the fair market rental rate shall be binding on the parties. 
 30. RIGHT OF FIRST REFUSAL. 
 (a) Tenant shall have an ongoing right of first refusal (“Refusal Option”) to lease additional space contiguous to the Premises (“Refusal
Space”). Prior to entering into any lease that includes all or any portion of the Refusal Space, Landlord shall notify Tenant in writing (“Landlord’s Notice”) of Landlord’s receipt of an arms-length offer to lease
such space that Landlord is willing to accept from a bona fide third party offeror (“Bona Fide Offer”) and setting forth the material terms of the Bona Fide Offer and such other terms as are herein provided. Tenant shall have ten
(10) business days after Tenant receives Landlord’s Notice in which to notify Landlord in writing of its election to lease the Refusal Space upon the terms set forth in Landlord’s Notice. If Tenant declines to exercise this Refusal
Option or fails to give such written notice within the time period required, Tenant shall be deemed to have waived this Refusal Option solely with respect to the transaction described in the applicable Landlord’s Notice, and Landlord shall be
free to lease the Refusal Space to the bona fide offeror or any other third party on terms substantially similar to those described in such Landlord’s Notice within six (6) months after the delivery of such Landlord’s Notice.

 (b) If Tenant exercises its right of first refusal hereunder, the term for the Refusal Space shall be co-terminus with the Term hereunder. The Refusal
Space shall be offered to Tenant at the rental rate and upon such other terms and conditions as are set forth in the Bona Fide Offer, but otherwise shall be subject to the terms and conditions of the Lease. 
  

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 (c) If Tenant shall exercise the Refusal Option, the parties shall enter into an amendment to the Lease within eight
(8) business days adding the Refusal Space to the Premises upon the terms and conditions set forth herein and making such other modifications to the Lease as are appropriate under the circumstances. 
 (d) All rights of first refusal and other preferential rights granted by Landlord to tenants of the Building after the date of this Lease shall be subject to and
subordinate to Tenant’s first refusal rights pursuant to this Section. 
 31. MISCELLANEOUS. 
 (a) Keys. Concurrently with its delivery of the Premises to Tenant pursuant to Section 4(a) of the Lease, Landlord shall provide Tenant one (1) key to
the Premises for each 250 rentable square feet in the Premises. 
 (b) Conflict of Laws. This Lease shall be governed by and construed solely pursuant
to the laws of the State of California, without giving effect to choice of law principles thereunder. 
 (c) Successors and Assigns. Except as
otherwise provided in this Lease, all of the covenants, conditions and provisions of this Lease shall be binding upon and shall inure to the benefit of the Parties hereto and their respective heirs, personal representatives, successors and assigns.

 (d) Attorneys’ Fees. If either Landlord or Tenant should bring suit against the other with respect to this Lease, then the non-prevailing
party shall reimburse the reasonable attorneys’ fees and litigation expenses (including without limitation court costs) of the prevailing party. 
 (e)
Terms and Headings. The words “Landlord” and “Tenant” as used herein shall include the plural as well as the singular. Words used in any gender include other genders. The paragraph headings of this Lease are
not a part of this Lease and shall have no effect upon the construction or interpretation of any part hereof. 
 (f) Prior Agreement; Amendments. This
Lease constitutes and is intended by the Parties to be a final, complete and exclusive statement of their entire agreement with respect to the subject matter of this Lease. This Lease supersedes any and all prior and contemporaneous agreements and
understandings of any kind relating to the subject matter of this Lease. There are no other agreements, understandings, representations, warranties, or statements, either oral or in written form, concerning the subject matter of this Lease. No
alteration, modification, amendment or interpretation of this Lease shall be binding on the Parties unless contained in a writing which is signed by both Parties. 
 (g) Authority. If either party executes this Lease as a corporation or partnership, then such party represents and warrants that such entity is duly qualified and in good standing to do business in California and that the individuals
executing this Lease on such party’s behalf are duly authorized to execute and deliver this Lease on its behalf, and in the case of a corporation, in accordance with a duly adopted resolution of the board of directors of such party, a copy of
which is to be delivered to the other party on execution hereof, if requested by the other party, and in accordance with the by-laws of such party, and, in the case of a partnership, in accordance with the partnership agreement and the most current
amendments thereto, if any, copies of which are to be delivered to the other party on execution hereof, if requested by the other party, and that this Lease is binding upon such party in accordance with its terms. 
 (h) Ownership of Land and Building. Landlord represents and warrants to Tenant as of the Effective Date that (i) Landlord is the sole owner of the fee
interest in the Land, the Building and all improvements thereon and thereto, (ii) no person or party other than Tenant has a leasehold, license or other possessory interest in or to the Premises, and (iii) except for the Deed of Trust
dated August 31, 2006 in favor of Citibank West, there are no Superior Mortgagees. 
  

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 (i) Separability. The provisions of this Lease shall be considered separable such that if any provision or part of
this Lease is ever held to be invalid, void or illegal under any law or ruling, all remaining provisions of this Lease shall remain in full force and effect to the maximum extent permitted by law. 
 (j) Counterparts. This Lease may be executed in one or more counterparts, each of which shall constitute an original and all of which shall be one and the same
agreement. 
 [Signature Page Follows] 
  

 -21- 

 IN WITNESS WHEREOF, the Parties have caused this Lease to be duly executed by their duly authorized
representatives as of the date first above written. 
  

									
	TENANT:	 		 	LANDLORD:
			
	DYNAMIC DETAILS, INCORPORATED SILICON VALLEY, a Delaware corporation	 		 	TAROB COURT PROPERTIES, LLC, a California limited liability company
					
	By:	 	/S/ KURT E. SCHEUERMAN	 		 	By:	 	/S/ ROD KALUNE
	Name:	 	Kurt E. Scheuerman	 		 	Name:	 	Rod Kalune
	Title:	 	Vice President & General Counsel	 		 	Title:	 	Partner
				
		 		 		 	THE RK LOGISTICS GROUP INC.
					
	By:	 	/S/ SALLY L. GOFF	 		 	By:	 	/S/ ROD KALUNE
	Name:	 	Sally L. Goff	 		 	Name:	 	Rod Kalune
	Title:	 	Vice President & Chief Financial Officer	 		 	Title:	 	President

  

 -22- 

 EXHIBIT “A-1” 
 DESCRIPTION OF LAND 
 Santa Clara County Assessor’s Parcel Number
086-36-039. 

 EXHIBIT “A-2” 
 DEPICTION OF PREMISES 
 See Attached 

 EXHIBIT “B” 
 STANDARDS FOR UTILITIES AND SERVICES 
 The following standards for utilities and services
are in effect. Landlord reserves the right to adopt nondiscriminatory modifications and additions hereto. 
 Subject to the terms and conditions of the Lease
and provided Tenant remains in occupancy of the Premises, Landlord will provide or make available the following utilities and services: 
 1. Landlord shall
ventilate the Premises and furnish air conditioning or heating sufficient for Tenant’s operations 24 hours per day, seven days a week. Further, Landlord shall keep the Building’s HVAC units, ducts and related systems (collectively, the
“HVAC System”) in good condition and repair. 
 2. Landlord will make available to the Premises, 24 hours per day, seven days a week,
electric current sufficient for Tenant’s operations. 
 3. Landlord shall keep and maintain the Exterior Areas (including the Parking Areas and
landscaping) in good condition and repair, in a manner consistent with first class office buildings in Santa Clara County, California. 
 4. Water will be
available for drinking, lavatory and other purposes required by Tenant. All water provided to the Premises shall be separately metered. Tenant shall pay for water consumed in the Premises pursuant to the metered usage multiplied by the actual rate
charged to Landlord by its water provider, without mark-up or surcharge of any kind, as and when bills are rendered. 
 5. Subject to Landlord’s prior
approval of the plans and specifications therefor, which approval shall not be unreasonably withheld, conditioned or delayed, Tenant shall have the right, at Tenant’s sole cost and expense, to install and maintain a security system within the
Premises, so long as such system is compatible with the Building Fire Life Safety System. 
 6. Landlord shall not decrease in any respect the level or
quality of services provided to the Premises during the Term. 

 EXHIBIT “C” 
 ALTERATIONS 
 See Attached. 

 EXHIBIT “D” 
 SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT 
  

							
	 RECORDING REQUESTED BY AND
 WHEN RECORDED
MAIL TO:
	 		 	
	 	 		 	
	 	 		 	
	 	 		 	
	Attention:	 	 	 		 	

 (Space Above This Line For Recorder’s Use Only) 
 SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT 
 THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (this “Agreement”), is made and entered into as of the          day of
            , 200_, by and among                     
(“Tenant”), whose address is                     ,
                    , a
                     (“Landlord”), whose address is
                    , and
                    ,
a                      (“Lender”), whose address is
                    . 
 A. Lender
has agreed to make a mortgage loan (the “Loan”) to Landlord secured by a deed of trust (the “Deed of Trust”) on Landlord’s interest in the real property legally described in Exhibit “A”
attached hereto (the “Premises”) 
 B. Tenant is the present lessee under that certain lease, dated as
of                     , 2007, made by and between Tenant, as Tenant, and Landlord, as Landlord, demising a portion of the Premises and
other property (said lease as so amended being referred to as the “Lease”); and 
 C. Subject to the terms and conditions of
this Agreement, Tenant has agreed to subordinate its interest in the Lease to the lien of the Deed of Trust so long as, among other things, Lender agrees not to disturb Tenant’s possession of the portion of the Premises covered by the Lease
(the “Demised Premises”). 
 NOW, THEREFORE, the parties hereby agree as follows: 
 1. Subordination. Subject to the terms and conditions hereinafter set forth, the Lease, and the rights of Tenant in, to and under the Lease and
the Demised Premises, are hereby subjected and subordinated to the lien of the Deed of Trust, and to any renewal, substitution, extension, modification or replacement thereof. 
 2. Tenant Not To Be Disturbed. So long as Tenant is not in default (beyond any period given Tenant by the terms of the Lease to cure such default)
in the payment of rent or additional rent or performance of any of the terms, covenants or conditions of the Lease on 

  

 
Tenant’s part to be performed, (a) Tenant’s possession of the Demised Premises, and its rights and privileges under the Lease shall not be
diminished or interfered with by Lender, and (b) Lender will not join Tenant as a party defendant in any action or proceeding foreclosing the Deed of Trust unless such joinder is necessary to foreclose such Deed of Trust and then only for such
purpose and not for the purpose of terminating the Lease. Lender represents and warrants that it has received and reviewed a copy of the Lease. 
 3. Tenant to Attorn To Lender. If the Premises shall be sold by reason of foreclosure (whether judicial or non judicial) or other proceedings brought to enforce the Deed of Trust, or the Premises shall be transferred by deed in lieu
of foreclosure, the Lease shall continue in full force and effect as a direct lease between the then owner of the Premises, who shall succeed to the rights and duties of the Landlord, and Tenant for the balance of the term thereof. Tenant shall
attorn to Lender or any other such owner as its Landlord, said attornment to be effective and self operative without the execution of further instruments; provided, however, that Lender or any such other owner shall not be (a) personally liable
for any act or omission of Landlord or any prior landlord which cannot be cured; (b) subject to any offsets or defenses which Tenant might have against Landlord or any prior landlord except to the extent of Tenant’s right to offsets set
forth in the Lease; (c) required or obligated to credit Tenant with any rent or additional rent for any rental period beyond the then current month which Tenant might have paid Landlord or any prior landlord, excluding any reconciliations as
provided for in the Lease; or (d) liable for the return of any security deposit unless and only to the extent such security deposit shall have been actually received by Lender. Tenant hereby agrees that upon the occurrence of any default under
the Loan or the documents evidencing or securing the same, and in the event of a demand on Tenant by Lender, or its successors and assigns, for the payment to Lender or its successors and assigns of the rent due under the Lease, Tenant will pay said
rent to Lender and Landlord hereby consents to said payment and releases Tenant from any and all liability, damages, or claims in connection with any such payment or payments. Landlord agrees that receipt by Tenant of any such demand shall be
conclusive evidence of the right of Lender to the receipt of said rental payments. Tenant shall be under no obligation to pay rent to Lender or any such other owner until Tenant receives written notice from Lender or any such other owner.

 4. Notice of Default. If Landlord is in material default of one or more of its obligations under the Lease, Tenant agrees to give
written notice thereof to Lender. Tenant further agrees that Lender shall have the right, but not the obligation, to cure such default within thirty (30) days or if such default cannot be cured within that time, then such additional time as may
be reasonably required to complete such cure, provided, that Lender commences such cure during the initial thirty (30) day period and thereafter diligently prosecutes such cure to completion. 
 5. Notice of Discharge. Landlord shall give notice to Tenant of the reconveyance or other release of the Deed of Trust within thirty (30)
days after the date the reconveyance or other release is recorded. 
 6. Limitation. This Agreement shall not apply to any equipment,
inventory, merchandise, furniture, fixtures or other personal property owned or leased by Tenant which is now or hereafter placed or installed on the Demised Premises, and Tenant shall have the full right to remove said property at any time during
or at the expiration of the Lease term. 
 7. Notices. Any notice required or permitted to be given hereunder must be in writing and
may be given by personal delivery (including delivery by overnight courier or an express mailing service) or by mail, if sent by registered or certified mail, to the parties at their addresses set forth above. The addresses to which notices shall be
sent may be changed by any party by notice given pursuant to this paragraph. 
  

 8. Successors And Assigns. This Agreement and each and every covenant, agreement and other
provision hereof shall be binding upon and shall inure to the benefit of the parties hereto and their representatives, successors and assigns. 
 9. Miscellaneous. This Agreement may not be modified other than by an agreement in writing, signed by the parties hereto or by their respective successors in interest. Nothing in this Agreement shall in any way impair or affect the
lien created by the Deed of Trust or the other lien rights of Lender. 
 10. Counterparts. This Agreement may be executed in
counterparts which together shall constitute but one and the same original. 
 [balance of this page left blank; signature page follows]

  

 IN WITNESS WHEREOF, the parties hereto have each caused this Subordination, Non-Disturbance and
Attornment Agreement to be executed as of the date first above written. 
  

	
	“Lender”
	
	  
	Its:

  

			
	“Landlord”	 	
		
	  	 	, a
	 	 	

  

			
	
		
	By:	 	 
	Name:	 	 
	Its:	 	 

  

					
	“Tenant”	 	
		
	 	 	, a
	 	 	

  

			
		
	By:	 	 
	Name:	 	 
	Its:	 	 

 [NOTARY BLOCKS TO BE ATTACHED PRIOR TO EXECUTION] 
  

 EXHIBIT “E-1” 
 TENANT ESTOPPEL CERTIFICATE 
 The undersigned,
_____________________________________________________ (“Tenant”), hereby certifies to _________________________________________________________________________, as follows: 
 1. Attached hereto is a true, correct and complete copy of that certain lease dated
                        , between ___________________, a ______________ (“Landlord”) and Tenant (the
“Lease”), regarding the premises located at _____________________________ (the “Premises”). The Lease is now in full force and effect and has not been amended, modified or supplemented, except as set forth in
Section 4 below. 
 2. The Term of the Lease commenced on __________________, ______. 
 3. The Term of the Lease will expire on ___________________, ______. 
 4. The Lease has: (Initial one) 
 (                         ) not been amended,
modified, supplemented, extended, renewed or assigned. 
 (                         ) been amended, modified, supplemented, extended, renewed or assigned by the following
described terms or agreements, copies of which are attached hereto: 
  

  

 5. Tenant has accepted and is now in possession
of the Premises. 
 6. Tenant and Landlord acknowledge that Landlord’s interest in the Lease will be assigned to _________________ and that no
modification, adjustment, revision or cancellation of the Lease or amendments thereto shall be effective unless written notice is given to _________________________, and that until further notice, payments under the Lease may continue as heretofore.

 7. The amount of Monthly Base Rent is $ ______________. 
 8.
The amount of Security Deposit (if any) is $ ______________. No other security deposits have been made except as follows: _________________________________________________________________________________. 
 9. Tenant is paying the full lease rental which has been paid in full as of the date hereof. No rent or other charges under the Lease have been paid for more than thirty
(30) days in advance of its due date except as follows: ____________________________________ 
 _____________________________________________________________________________________. 
 10. All work required to be performed by Landlord under
the Lease has been completed except as follows: _______________________________________________________________________. 
 11. To the actual knowledge of
Tenant, There are no Defaults on the part of the Landlord under the Lease except as follows: ___________________________________________________________. 

 12. To the actual knowledge of Tenant, Tenant has NO defense as to its obligations under the Lease and claims no set-off
or counterclaim against the other party except as follows: __________________________________________________________ 
 ________________________________________________________________________________________. 
 13. Tenant has no right to any concession (rental or
otherwise) or similar compensation in connection with renting the space it occupies other than as provided in the Lease except as follows: ________________________________________. 
 14. All provisions of the Lease and the amendments thereto (if any) referred to above are hereby ratified. 
 The foregoing
certification is made with the knowledge that ________________________________________________________ is relying upon the representations herein made in funding a loan to Landlord in purchasing the Premises. 
 IN WITNESS WHEREOF, this certificate has been duly executed and delivered by the authorized officers of the undersigned as of ____________________, 2_____. 

 

									
	TENANT:	 		 	
				
	 	 		 		 	
	a	 	 	 		 		 	

  

											
					
	By:	 	 	 		 		 	 SAMPLE ONLY
 [NOT FOR EXECUTION]

		 	Print Name:	 	 	 		 		 	
		 	Print Title:	 	 	 		 		 	

  

											
					
	By:	 	 	 		 		 	
		 	Print Name:	 	 	 		 		 	
		 	Print Title:	 	 	 		 		 	

 Page 
 EXHIBIT “E-2” 
 LANDLORD ESTOPPEL CERTIFICATE 
 The undersigned, ________________________________________________________________________ (“Landlord”), hereby certifies to
______________________________________________________________________________________, as follows: 
 1. Attached hereto is a true, correct and complete
copy of that certain lease dated ________, between ______________, a ___________________ (“Landlord”) and Tenant (the “Lease”), regarding the premises located at ________________________ (the
“Premises”). The Lease is now in full force and effect and has not been amended, modified or supplemented, except as set forth in Section 4 below. 
 2. The Term of the Lease commenced on ________________, ______. 
 3. The Term of the Lease will expire on
_____________________, _____. 
 4. The Lease has: (Initial one) 
 (                     ) not been amended, modified, supplemented, extended, renewed or assigned. 

(                     ) been amended,
modified, supplemented, extended, renewed or assigned by the following described terms or agreements, copies of which are attached hereto: _______________________________________________________________ 
 ____________________________________________________. 
 5. The amount of
Monthly Base Rent under the Lease is $_______________________________. 
 6. The amount of Security Deposit (if any) is $____________________. No other
security deposits have been made except as follows: ____________________________________________________________________________________________________ 
 ________________________________________________________. 
 7. Tenant is paying the full lease rental which has been paid in full as of the date
hereof. No rent or other charges under the Lease have been paid for more than thirty (30) days in advance of its due date except as follows: _______________________________. 
 8. To the actual knowledge of Landlord, there are no Defaults on the part of the Tenant under the Lease except as follows:
_________________________________________________________________________________________________. 
 9. To the actual knowledge of Landlord, Landlord has no
defense as to its obligations under the Lease and claims no set-off or counterclaim against the other party except as follows: _______________________________________________________ 
 ___________________________________________________________. 
 [Signature Page Follows] 

 Page 
 IN WITNESS WHEREOF, this certificate has been duly executed and delivered by the authorized officers of the undersigned as of _______________________________, 2 _____. 
  

									
	LANDLORD:	 		 	
				
	 	 		 		 	
	a	 	 	 		 		 	

  

											
					
	By:	 	 	 		 		 	 SAMPLE ONLY
 [NOT FOR EXECUTION]

		 	Print Name:	 	 	 		 		 	
		 	Print Title:	 	 	 		 		 	

  

											
					
	By:	 	 	 		 		 	
		 	Print Name:	 	 	 		 		 	
		 	Print Title:

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