Common use of SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY Clause in Contracts

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE TRUSTEE 30 Section 5.01. Company to Furnish Trustee Names and Addresses of Securityholders 30 Section 5.02. Preservation of Information; Communications with Securityholders 30 Section 5.03. Reports by the Company 30 Section 5.04. Reports by the Trustee 31 ARTICLE VI. REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT OF DEFAULT 31 Section 6.01. Events of Default 31 Section 6.02. Collection of Indebtedness and Suits for Enforcement by Trustee 34 Section 6.03. Application of Funds Collected 35 Section 6.04. Limitation on Suits 35 Section 6.05. Rights and Remedies Cumulative; Delay or Omission not Waiver 36 Section 6.06. Control by Securityholders 36 Section 6.07. Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 ARTICLE VII. CONCERNING THE TRUSTEE 37 Section 7.01. Certain Duties and Responsibilities of Trustee 37 Section 7.02. Certain Rights of Trustee 38 Section 7.03. Trustee not Responsible for Recitals or Issuance of Securities 39 Section 7.04. May Hold Securities 40 Section 7.05. Funds Held in Trust 40 Section 7.06. Compensation and Reimbursement 40 Section 7.07. Reliance on Officer’s Certificate 40 Section 7.08. Disqualification; Conflicting Interests 41 Section 7.09. Corporate Trustee Required; Eligibility 41 Section 7.10. Resignation and Removal; Appointment of Successor 41 Section 7.11. Acceptance of Appointment By Successor 42 Section 7.12. Merger, Conversion, Consolidation or Succession to Business 43 Section 7.13. Preferential Collection of Claims Against the Company 43 ARTICLE VIII. CONCERNING THE SECURITYHOLDERS 44 Section 8.01. Evidence of Action by Securityholders 44 Section 8.02. Proof of Execution by Securityholders 44 Section 8.03. Who May be Deemed Owners 44 Section 8.04. Certain Securities Owned by Company Disregarded 45 Section 8.05. Actions Binding on Future Securityholders 45

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 16 Section 5.01. 5.1 Company to Furnish Trustee Names and Addresses of Securityholders 30 16 Section 5.02. 5.2 Preservation of Of Information; Communications with With Securityholders 30 16 Section 5.03. 5.3 Reports by the Company 30 17 Section 5.04. 5.4 Reports by the Trustee 31 17 ARTICLE VI. VI REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 17 Section 6.01. 6.1 Events of Default 31 17 Section 6.02. 6.2 Collection of Indebtedness and Suits for Enforcement by Trustee 34 18 Section 6.03. 6.3 Application of Funds Moneys Collected 35 19 Section 6.04. 6.4 Limitation on Suits 35 19 Section 6.05. 6.5 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 20 Section 6.06. 6.6 Control by Securityholders 36 20 Section 6.07. 6.7 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 20 ARTICLE VII. VII CONCERNING THE TRUSTEE 37 21 Section 7.01. 7.1 Certain Duties and Responsibilities of Trustee 37 21 Section 7.02. 7.2 Certain Rights of Trustee 38 21 Section 7.03. 7.3 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 22 Section 7.04. 7.4 May Hold Securities 40 22 Section 7.05. Funds 7.5 Moneys Held in Trust 40 22 Section 7.06. 7.6 Compensation and Reimbursement 40 23 Section 7.07. 7.7 Reliance on Officer’s 's Certificate 40 23 Section 7.08. 7.8 Disqualification; Conflicting Interests 41 23 Section 7.09. 7.9 Corporate Trustee Required; Eligibility 41 23 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 24 Section 7.11. 7.11 Acceptance of Appointment By Successor 42 24 Section 7.12. 7.12 Merger, Conversion, Consolidation or Succession to Business 43 25 Section 7.13. 7.13 Preferential Collection of Claims Against the Company 43 25 Section 7.14 Notice of Default 25 ARTICLE VIII. VIII CONCERNING THE SECURITYHOLDERS 44 26 Section 8.01. 8.1 Evidence of Action by Securityholders 44 26 Section 8.02. 8.2 Proof of Execution by Securityholders 44 26 Section 8.03. 8.3 Who May be Deemed Owners 44 26 Section 8.04. 8.4 Certain Securities Owned by Company Disregarded 45 26 Section 8.05. 8.5 Actions Binding on Future Securityholders 4527

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 15 Section 5.01. 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 15 Section 5.02. 5.02 Preservation of Of Information; Communications with With Securityholders 30 15 Section 5.03. 5.03 Reports by the Company 30 15 Section 5.04. 5.04 Reports by the Trustee 31 16 ARTICLE VI. 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 16 Section 6.01. 6.01 Events of Default 31 16 Section 6.02. 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 17 Section 6.03. 6.03 Application of Funds Moneys Collected 35 18 Section 6.04. 6.04 Limitation on Suits 35 19 Section 6.05. 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 19 Section 6.06. 6.06 Control by Securityholders 36 20 Section 6.07. 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 20 ARTICLE VII. 7 CONCERNING THE TRUSTEE 37 20 Section 7.01. 7.01 Certain Duties and Responsibilities of Trustee 37 20 Section 7.02. 7.02 Certain Rights of Trustee 38 21 Section 7.03. 7.03 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 22 Section 7.04. 7.04 May Hold Securities 40 22 Section 7.05. Funds 7.05 Moneys Held in Trust 40 23 Section 7.06. 7.06 Compensation and Reimbursement 40 23 Section 7.07. 7.07 Reliance on Officer’s Certificate 40 or Opinion of Counsel 23 Section 7.08. 7.08 Disqualification; Conflicting Interests 41 23 Section 7.09. 7.09 Corporate Trustee Required; Eligibility 41 24 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 24 Section 7.11. 7.11 Acceptance of Appointment By Successor 42 25 Section 7.12. 7.12 Merger, Conversion, Consolidation or Succession to Business 43 26 Section 7.13. 7.13 Preferential Collection of Claims Against the Company 43 26 Section 7.14 Notice of Default 26 ARTICLE VIII. 8 CONCERNING THE SECURITYHOLDERS 44 26 Section 8.01. 8.01 Evidence of Action by Securityholders 44 26 Section 8.02. 8.02 Proof of Execution by Securityholders 44 27 Section 8.03. 8.03 Who May be Deemed Owners 44 27 Section 8.04. 8.04 Certain Securities Owned by Company Disregarded 45 27 Section 8.05. 8.05 Actions Binding on Future Securityholders 4527 ARTICLE 9 SUPPLEMENTAL INDENTURES 28 Section 9.01 Supplemental Indentures Without the Consent of Securityholders 28 Section 9.02 Supplemental Indentures With Consent of Securityholders 29 Section 9.03 Effect of Supplemental Indentures 29 Section 9.04 Securities Affected by Supplemental Indentures 29 Section 9.05 Execution of Supplemental Indentures 29 ARTICLE 10 SUCCESSOR ENTITY 30 Section 10.01 Company May Consolidate, Etc 30 Section 10.02 Successor Entity Substituted 30 ARTICLE 11 SATISFACTION AND DISCHARGE 31 Section 11.01 Satisfaction and Discharge of Indenture 31 Section 11.02 Discharge of Obligations 31 Section 11.03 Deposited Moneys to be Held in Trust 31 Section 11.04 Payment of Moneys Held by Paying Agents 31 Section 11.05 Repayment to Company 32 ARTICLE 12 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 32 Section 12.01 No Recourse 32

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 10 Section 5.01. 5.1 Company to Furnish Trustee Names and Addresses of Securityholders 30 10 Section 5.02. 5.2 Preservation of Of Information; Communications with With Securityholders 30 10 Section 5.03. 5.3 Reports by the Company 30 10 Section 5.04. 5.4 Reports by the Trustee 31 10 ARTICLE VI. VI REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 10 Section 6.01. 6.1 Events of Default 31 10 Section 6.02. 6.2 Collection of Indebtedness and Suits for Enforcement by Trustee 34 11 Section 6.03. 6.3 Application of Funds Moneys Collected 35 12 Section 6.04. 6.4 Limitation on Suits 35 12 Section 6.05. 6.5 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 13 Section 6.06. 6.6 Control by Securityholders 36 13 Section 6.07. 6.7 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 13 ARTICLE VII. VII CONCERNING THE TRUSTEE 37 13 Section 7.01. 7.1 Certain Duties and Responsibilities of Trustee 37 13 Section 7.02. 7.2 Certain Rights of Trustee 38 14 Section 7.03. 7.3 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 14 Section 7.04. 7.4 May Hold Securities 40 15 Section 7.05. Funds 7.5 Moneys Held in Trust 40 15 Section 7.06. 7.6 Compensation and Reimbursement 40 15 Section 7.07. 7.7 Reliance on Officer’s Certificate 40 15 Section 7.08. 7.8 Disqualification; Conflicting Interests 41 15 Section 7.09. 7.9 Corporate Trustee Required; Eligibility 41 15 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 15 Section 7.11. 7.11 Acceptance of Appointment By Successor 42 16 Section 7.12. 7.12 Merger, Conversion, Consolidation or Succession to Business 43 17 Section 7.13. 7.13 Preferential Collection of Claims Against the Company 43 ARTICLE VIII. CONCERNING THE SECURITYHOLDERS 44 17 Section 8.01. Evidence 7.14 Notice of Action by Securityholders 44 Section 8.02. Proof of Execution by Securityholders 44 Section 8.03. Who May be Deemed Owners 44 Section 8.04. Certain Securities Owned by Company Disregarded 45 Section 8.05. Actions Binding on Future Securityholders 45Default 17

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 Section 5.01. 23 SECTION 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 Section 5.02. 23 SECTION 5.02 Preservation of Information; Communications with Securityholders 30 Section 5.03. 23 SECTION 5.03 Reports by the Company 30 Section 5.04. 24 SECTION 5.04 Reports by the Trustee 31 25 ARTICLE VI. REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 Section 6.01. 25 SECTION 6.01 Events of Default 31 Section 6.02. 25 SECTION 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 Section 6.03. 27 SECTION 6.03 Application of Funds Moneys Collected 35 Section 6.04. 28 SECTION 6.04 Limitation on Suits 35 Section 6.05. 29 SECTION 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 Section 6.06. 30 SECTION 6.06 Control by Securityholders 36 Section 6.07. 30 SECTION 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 30 ARTICLE VII. CONCERNING THE TRUSTEE 37 Section 7.01. 31 SECTION 7.01 Certain Duties and Responsibilities of Trustee 37 Section 7.02. 31 SECTION 7.02 Certain Rights of Trustee 38 Section 7.03. 32 SECTION 7.03 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 Section 7.04. 34 SECTION 7.04 May Hold Securities 40 Section 7.05. Funds 34 SECTION 7.05 Moneys Held in Trust 40 Section 7.06. 34 SECTION 7.06 Compensation and Reimbursement 40 Section 7.07. Reliance on Officer’s Certificate 40 Section 7.08. 34 SECTION 7.07 Disqualification; Conflicting Interests 41 Section 7.09. 35 SECTION 7.08 Corporate Trustee Required; Eligibility 41 Section 7.10. 35 SECTION 7.09 Resignation and Removal; Appointment of Successor 41 Section 7.11. 35 SECTION 7.10 Acceptance of Appointment By Successor 42 Section 7.12. 37 SECTION 7.11 Merger, Conversion, Consolidation or Succession to Business 43 Section 7.13. 38 SECTION 7.12 Preferential Collection of Claims Against the Company 43 38 SECTION 7.13 Notice of Default 38 ARTICLE VIII. CONCERNING THE SECURITYHOLDERS 44 Section 8.01. 39 SECTION 8.01 Evidence of Action by Securityholders 44 Section 8.02. 36 SECTION 8.02 Proof of Execution by Securityholders 44 Section 8.03. 39 SECTION 8.03 Who May be Deemed Owners 44 Section 8.04. 39 SECTION 8.04 Certain Securities Owned by Company Disregarded 45 Section 8.05. 40 SECTION 8.05 Actions Binding on Future Securityholders 4540

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 15 Section 5.01. 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 15 Section 5.02. 5.02 Preservation of Of Information; Communications with With Securityholders 30 15 Section 5.03. 5.03 Reports by the Company 30 15 Section 5.04. 5.04 Reports by the Trustee 31 16 ARTICLE VI. 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 16 Section 6.01. 6.01 Events of Default 31 16 Section 6.02. 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 17 Section 6.03. 6.03 Application of Funds Moneys Collected 35 18 Section 6.04. 6.04 Limitation on Suits 35 19 Section 6.05. 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 19 Section 6.06. 6.06 Control by Securityholders 36 20 Section 6.07. 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 20 ARTICLE VII. 7 CONCERNING THE TRUSTEE 37 20 Section 7.01. 7.01 Certain Duties and Responsibilities of Trustee 37 20 Section 7.02. 7.02 Certain Rights of Trustee 38 21 Section 7.03. 7.03 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 22 Section 7.04. 7.04 May Hold Securities 40 22 Section 7.05. Funds 7.05 Moneys Held in Trust 40 23 Section 7.06. 7.06 Compensation and Reimbursement 40 23 Section 7.07. 7.07 Reliance on Officer’s Certificate 40 or Opinion of Counsel 23 Section 7.08. 7.08 Disqualification; Conflicting Interests 41 23 Section 7.09. 7.09 Corporate Trustee Required; Eligibility 41 24 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 24 Section 7.11. 7.11 Acceptance of Appointment By Successor 42 25 Section 7.12. 7.12 Merger, Conversion, Consolidation or Succession to Business 43 26 Section 7.13. 7.13 Preferential Collection of Claims Against the Company 43 26 Section 7.14 Notice of Default 26 ARTICLE VIII. 8 CONCERNING THE SECURITYHOLDERS 44 26 Section 8.01. 8.01 Evidence of Action by Securityholders 44 26 Section 8.02. 8.02 Proof of Execution by Securityholders 44 27 Section 8.03. 8.03 Who May be Deemed Owners 44 27 Section 8.04. 8.04 Certain Securities Owned by Company Disregarded 45 27 Section 8.05. 8.05 Actions Binding on Future Securityholders 4527 ARTICLE 9 SUPPLEMENTAL INDENTURES 28 Section 9.01 Supplemental Indentures Without the Consent of Securityholders 28 Section 9.02 Supplemental Indentures With Consent of Securityholders 28 Section 9.03 Effect of Supplemental Indentures 29 Section 9.04 Securities Affected by Supplemental Indentures 29 Section 9.05 Execution of Supplemental Indentures 29 ARTICLE 10 SUCCESSOR ENTITY 30 Section 10.01 Company May Consolidate, Etc 30 Section 10.02 Successor Entity Substituted 30 ARTICLE 11 SATISFACTION AND DISCHARGE 31 Section 11.01 Satisfaction and Discharge of Indenture 31 Section 11.02 Discharge of Obligations 31 Section 11.03 Deposited Moneys to be Held in Trust 31 Section 11.04 Payment of Moneys Held by Paying Agents 31 Section 11.05 Repayment to Company 31 ARTICLE 12 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 32 Section 12.01 No Recourse 32

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 Section 5.01. 25 SECTION 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 Section 5.02. 25 SECTION 5.02 Preservation of Information; Communications with Securityholders 30 Section 5.03. 25 SECTION 5.03 Reports by the Company 30 Section 5.04. 26 SECTION 5.04 Reports by the Trustee 31 26 ARTICLE VI. REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 Section 6.01. 27 SECTION 6.01 Events of Default 31 Section 6.02. 27 SECTION 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 Section 6.03. 29 SECTION 6.03 Application of Funds Moneys Collected 35 Section 6.04. 30 SECTION 6.04 Limitation on Suits 35 Section 6.05. 31 SECTION 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 Section 6.06. 31 SECTION 6.06 Control by Securityholders 36 Section 6.07. 32 SECTION 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 32 ARTICLE VII. CONCERNING THE TRUSTEE 37 Section 7.01. 33 SECTION 7.01 Certain Duties and Responsibilities of Trustee 37 Section 7.02. 33 SECTION 7.02 Certain Rights of Trustee 38 Section 7.03. 34 SECTION 7.03 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 Section 7.04. 35 SECTION 7.04 May Hold Securities 40 Section 7.05. Funds 36 SECTION 7.05 Moneys Held in Trust 40 Section 7.06. 36 SECTION 7.06 Compensation and Reimbursement 40 Section 7.07. Reliance on Officer’s Certificate 40 Section 7.08. 36 SECTION 7.07 Disqualification; Conflicting Interests 41 Section 7.09. 37 SECTION 7.08 Corporate Trustee Required; Eligibility 41 Section 7.10. 37 SECTION 7.09 Resignation and Removal; Appointment of Successor 41 Section 7.11. 37 SECTION 7.10 Acceptance of Appointment By Successor 42 Section 7.12. 38 SECTION 7.11 Merger, Conversion, Consolidation or Succession to Business 43 Section 7.13. 40 SECTION 7.12 Preferential Collection of Claims Against the Company 43 40 SECTION 7.13 Notice of Default 40 ARTICLE VIII. CONCERNING THE SECURITYHOLDERS 44 Section 8.01. 40 SECTION 8.01 Evidence of Action by Securityholders 44 Section 8.02. 40 SECTION 8.02 Proof of Execution by Securityholders 44 Section 8.03. 41 SECTION 8.03 Who May be Deemed Owners 44 Section 8.04. 41 SECTION 8.04 Certain Securities Owned by Company Disregarded 45 Section 8.05. 42 SECTION 8.05 Actions Binding on Future Securityholders 4542

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 10 Section 5.01. 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 10 Section 5.02. 5.02 Preservation of Of Information; Communications with With Securityholders 30 10 Section 5.03. 5.03 Reports by the Company 30 10 Section 5.04. 5.04 Reports by the Trustee 31 10 ARTICLE VI. 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 11 Section 6.01. 6.01 Events of Default 31 11 Section 6.02. 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 11 Section 6.03. 6.03 Application of Funds Moneys Collected 35 12 Section 6.04. 6.04 Limitation on Suits 35 12 Section 6.05. 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 13 Section 6.06. 6.06 Control by Securityholders 36 13 Section 6.07. 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 13 ARTICLE VII. 7 CONCERNING THE TRUSTEE 37 13 Section 7.01. 7.01 Certain Duties and Responsibilities of Trustee 37 13 Section 7.02. 7.02 Certain Rights of Trustee 38 14 Section 7.03. 7.03 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 15 Section 7.04. 7.04 May Hold Securities 40 15 Section 7.05. Funds 7.05 Moneys Held in Trust 40 15 Section 7.06. 7.06 Compensation and Reimbursement 40 15 Section 7.07. 7.07 Reliance on Officer’s Certificate 40 15 Section 7.08. 7.08 Disqualification; Conflicting Interests 41 15 Section 7.09. 7.09 Corporate Trustee Required; Eligibility 41 15 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 16 Section 7.11. 7.11 Acceptance of Appointment By Successor 42 16 Section 7.12. 7.12 Merger, Conversion, Consolidation or Succession to Business 43 17 Section 7.13. 7.13 Preferential Collection of Claims Against the Company 43 17 Section 7.14 Notice of Default 17 ARTICLE VIII. 8 CONCERNING THE SECURITYHOLDERS 44 17 Section 8.01. 8.01 Evidence of Action by Securityholders 44 17 Section 8.02. 8.02 Proof of Execution by Securityholders 44 17 Section 8.03. 8.03 Who May be Deemed Owners 44 18 Section 8.04. 8.04 Certain Securities Owned by Company Disregarded 45 18 Section 8.05. 8.05 Actions Binding on Future Securityholders 4518 ARTICLE 9 SUPPLEMENTAL INDENTURES 18 Section 9.01 Supplemental Indentures Without the Consent of Securityholders 18 Section 9.02 Supplemental Indentures With Consent of Securityholders 19 Section 9.03 Effect of Supplemental Indentures 19 Section 9.04 Securities Affected by Supplemental Indentures 19 Section 9.05 Execution of Supplemental Indentures 19 ARTICLE 10 SUCCESSOR ENTITY 20 Section 10.01 Company May Consolidate, Etc 20 Section 10.02 Successor Entity Substituted 20 Section 10.03 Evidence of Consolidation, Etc 20 ARTICLE 11 SATISFACTION AND DISCHARGE 20 Section 11.01 Satisfaction and Discharge of Indenture 20 Section 11.02 Discharge of Obligations 20 Section 11.03 Deposited Moneys to be Held in Trust 21 Section 11.04 Payment of Moneys Held by Paying Agents 21 Section 11.05 Repayment to Company 21 ARTICLE 12 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 21 Section 12.01 No Recourse 21 ARTICLE 13 MISCELLANEOUS PROVISIONS 21 Section 13.01 Effect on Successors and Assigns 21 Section 13.02 Actions by Successor 21 Section 13.03 Surrender of Company Powers 21 Section 13.04 Notices 22 Section 13.05 Governing Law 22 Section 13.06 Treatment of Securities as Debt 22 Section 13.07 Certificates and Opinions as to Conditions Precedent 22 Section 13.08 Payments on Business Days 22 Section 13.09 Conflict with Trust Indenture Act 22 Section 13.10 Counterparts 22 Section 13.11 Separability 22 Section 13.12 Compliance Certificates 22 ARTICLE 14 SUBORDINATION OF SECURITIES 23 Section 14.01 Subordination Terms 23

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 16 Section 5.01. 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 16 Section 5.02. 5.02 Preservation of Of Information; Communications with With Securityholders 30 16 Section 5.03. 5.03 Reports by the Company 30 16 Section 5.04. 5.04 Reports by the Trustee 31 17 ARTICLE VI. 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 17 Section 6.01. 6.01 Events of Default 31 17 Section 6.02. 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 18 Section 6.03. 6.03 Application of Funds Moneys Collected 35 19 Section 6.04. 6.04 Limitation on Suits 35 19 Section 6.05. 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 20 Section 6.06. 6.06 Control by Securityholders 36 20 Section 6.07. 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 20 ARTICLE VII. 7 CONCERNING THE TRUSTEE 37 21 Section 7.01. 7.01 Certain Duties and Responsibilities of Trustee 37 21 Section 7.02. 7.02 Certain Rights of Trustee 38 21 Section 7.03. 7.03 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 22 Section 7.04. 7.04 May Hold Securities 40 22 Section 7.05. Funds 7.05 Moneys Held in Trust 40 23 Section 7.06. 7.06 Compensation and Reimbursement 40 23 Section 7.07. 7.07 Reliance on Officer’s 's Certificate 40 23 Section 7.08. 7.08 Disqualification; Conflicting Interests 41 23 Section 7.09. 7.09 Corporate Trustee Required; Eligibility 41 23 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 24 Section 7.11. 7.11 Acceptance of Appointment By Successor 42 24 Section 7.12. 7.12 Merger, Conversion, Consolidation or Succession to Business 43 25 Section 7.13. 7.13 Preferential Collection of Claims Against the Company 43 25 Section 7.14 Notice of Default 25 ARTICLE VIII. 8 CONCERNING THE SECURITYHOLDERS 44 26 Section 8.01. 8.01 Evidence of Action by Securityholders 44 26 Section 8.02. 8.02 Proof of Execution by Securityholders 44 26 Section 8.03. 8.03 Who May be Deemed Owners 44 26 Section 8.04. 8.04 Certain Securities Owned by Company Disregarded 45 27 Section 8.05. 8.05 Actions Binding on Future Securityholders 4527

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 Section 5.01. 20 SECTION 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 Section 5.02. 20 SECTION 5.02 Preservation of Information; Communications with Securityholders 30 Section 5.03. 20 SECTION 5.03 Reports by the Company 30 Section 5.04. 21 SECTION 5.04 Reports by the Trustee 31 22 ARTICLE VI. REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 Section 6.01. 22 SECTION 6.01 Events of Default 31 Section 6.02. 22 SECTION 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 Section 6.03. 24 SECTION 6.03 Application of Funds Moneys Collected 35 Section 6.04. 25 SECTION 6.04 Limitation on Suits 35 Section 6.05. 26 SECTION 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 Section 6.06. 27 SECTION 6.06 Control by Securityholders 36 Section 6.07. 27 SECTION 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 28 ARTICLE VII. CONCERNING THE TRUSTEE 37 Section 7.01. 28 SECTION 7.01 Certain Duties and Responsibilities of Trustee 37 Section 7.02. 28 SECTION 7.02 Certain Rights of Trustee 38 Section 7.03. 29 SECTION 7.03 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 Section 7.04. 31 SECTION 7.04 May Hold Securities 40 Section 7.05. Funds 31 SECTION 7.05 Moneys Held in Trust 40 Section 7.06. 31 SECTION 7.06 Compensation and Reimbursement 40 Section 7.07. Reliance on Officer’s Certificate 40 Section 7.08. 31 SECTION 7.07 Disqualification; Conflicting Interests 41 Section 7.09. 32 SECTION 7.08 Corporate Trustee Required; Eligibility 41 Section 7.10. 32 SECTION 7.09 Resignation and Removal; Appointment of Successor 41 Section 7.11. 32 SECTION 7.10 Acceptance of Appointment By Successor 42 Section 7.12. 34 SECTION 7.11 Merger, Conversion, Consolidation or Succession to Business 43 Section 7.13. 35 SECTION 7.12 Preferential Collection of Claims Against the Company 43 35 SECTION 7.13 Notice of Default 35 ARTICLE VIII. CONCERNING THE SECURITYHOLDERS 44 Section 8.01. 36 SECTION 8.01 Evidence of Action by Securityholders 44 Section 8.02. 36 SECTION 8.02 Proof of Execution by Securityholders 44 Section 8.03. 36 SECTION 8.03 Who May be Deemed Owners 44 Section 8.04. 37 SECTION 8.04 Certain Securities Owned by Company Disregarded 45 Section 8.05. 37 SECTION 8.05 Actions Binding on Future Securityholders 4537 ARTICLE IX. SUPPLEMENTAL INDENTURES 38 SECTION 9.01 Supplemental Indentures Without the Consent of Securityholders 38 SECTION 9.02 Supplemental Indentures With Consent of Securityholders 39 SECTION 9.03 Effect of Supplemental Indentures 40 SECTION 9.04 Securities Affected by Supplemental Indentures 40 SECTION 9.05 Execution of Supplemental Indentures 41 ARTICLE X. SUCCESSOR ENTITY 41 SECTION 10.01 Company May Consolidate, Etc 41 SECTION 10.02 Successor Entity Substituted 42 SECTION 10.03 Evidence of Consolidation, Etc. to Trustee 42 ARTICLE XI. SATISFACTION AND DISCHARGE; DEFEASANCE 42 SECTION 11.01 Applicability of Article 42 SECTION 11.02 Satisfaction and Discharge of Indenture 42 SECTION 11.03 Defeasance and Discharge of Obligations; Covenant Defeasance 43 SECTION 11.04 Deposited Funds to be Held in Trust 45 SECTION 11.05 Payment of Funds Held by Paying Agents 46 SECTION 11.06 Repayment to the Company 46 SECTION 11.07 Reinstatement 46 ARTICLE XII. IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 47 SECTION 12.01 No Recourse 47 ARTICLE XIII. MISCELLANEOUS PROVISIONS 47 SECTION 13.01 Effect on Successors and Assigns 47 SECTION 13.02 Actions by Successor 47 SECTION 13.03 Notices 48 SECTION 13.04 Governing Law 48 SECTION 13.05 Treatment of Securities as Debt 49 SECTION 13.06 Compliance Certificates and Opinions 49 SECTION 13.07 Payments on Business Days 49 SECTION 13.08 Conflict with Trust Indenture Act 49 SECTION 13.09 Counterparts 50 SECTION 13.10 Separability 50 SECTION 13.11 Compliance Certificates 50 SECTION 13.12 Waiver of Jury Trial 50 SECTION 13.13 Force Majeure 50 INDENTURE, dated as of November 25, 2013, among Blackstone Mortgage Trust, Inc., a Maryland corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., a national banking association, as trustee (the “Trustee”):

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 9 Section 5.01. 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 9 Section 5.02. 5.02 Preservation of Of Information; Communications with With Securityholders 30 9 Section 5.03. 5.03 Reports by the Company 30 9 Section 5.04. 5.04 Reports by the Trustee 31 9 ARTICLE VI. 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 9 Section 6.01. 6.01 Events of Default 31 9 Section 6.02. 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 10 Section 6.03. 6.03 Application of Funds Moneys Collected 35 11 Section 6.04. 6.04 Limitation on Suits 35 11 Section 6.05. 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 11 Section 6.06. 6.06 Control by Securityholders 36 11 Section 6.07. 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 12 ARTICLE VII. 7 CONCERNING THE TRUSTEE 37 12 Section 7.01. 7.01 Certain Duties and Responsibilities of Trustee 37 12 Section 7.02. 7.02 Certain Rights of Trustee 38 12 Section 7.03. 7.03 Trustee not Not Responsible for Recitals Recitals, Indenture or Issuance of Securities 39 13 Section 7.04. 7.04 May Hold Securities 40 13 Section 7.05. Funds 7.05 Moneys Held in Trust 40 13 Section 7.06. 7.06 Compensation and Reimbursement 40 13 Section 7.07. 7.07 Reliance on Officer’s Certificate 40 13 Section 7.08. 7.08 Disqualification; Conflicting Interests 41 14 Section 7.09. 7.09 Corporate Trustee Required; Eligibility 41 14 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 14 Section 7.11. 7.11 Acceptance of Appointment By Successor 42 14 Section 7.12. 7.12 Merger, Conversion, Consolidation or Succession to Business 43 Section 7.13. Preferential Collection of Claims Against the Company 43 ARTICLE VIII. CONCERNING THE SECURITYHOLDERS 44 Section 8.01. Evidence of Action by Securityholders 44 Section 8.02. Proof of Execution by Securityholders 44 Section 8.03. Who May be Deemed Owners 44 Section 8.04. Certain Securities Owned by Company Disregarded 45 Section 8.05. Actions Binding on Future Securityholders 4515

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 19 Section 5.01. 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 19 Section 5.02. 5.02 Preservation of Information; Communications with Securityholders 30 19 Section 5.03. 5.03 Reports by the Company 30 20 Section 5.04. 5.04 Reports by the Trustee 31 20 ARTICLE VI. 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 20 Section 6.01. 6.01 Events of Default 31 20 Section 6.02. 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 22 Section 6.03. 6.03 Application of Funds Moneys or Property Collected 35 24 Section 6.04. 6.04 Limitation on Suits 35 24 Section 6.05. 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 25 Section 6.06. 6.06 Control by Securityholders 36 25 Section 6.07. 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 26 ARTICLE VII. 7 CONCERNING THE TRUSTEE 37 26 Section 7.01. 7.01 Certain Duties and Responsibilities of Trustee 37 26 Section 7.02. 7.02 Certain Rights of Trustee 38 27 Section 7.03. 7.03 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 29 Section 7.04. 7.04 May Hold Securities 40 29 Section 7.05. Funds 7.05 Moneys Held in Trust 40 29 Section 7.06. 7.06 Compensation and Reimbursement 40 29 Section 7.07. 7.07 Reliance on Officer’s Officers’ Certificate 40 30 Section 7.08. 7.08 Disqualification; Conflicting Interests 41 30 Section 7.09. 7.09 Corporate Trustee Required; Eligibility 41 30 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 31 Section 7.11. 7.11 Acceptance of Appointment By by Successor 42 32 Section 7.12. 7.12 Merger, Conversion, Consolidation or Succession to Business 43 33 Section 7.13. 7.13 Preferential Collection of Claims Against the Company 43 34 Section 7.14 Notice of Default 34 ARTICLE VIII. 8 CONCERNING THE SECURITYHOLDERS 44 34 Section 8.01. 8.01 Evidence of Action by Securityholders 44 34 Section 8.02. 8.02 Proof of Execution by Securityholders 44 35 Section 8.03. 8.03 Who May be Deemed Owners 44 35 Section 8.04. 8.04 Certain Securities Owned by Company Disregarded 45 35 Section 8.05. 8.05 Actions Binding on Future Securityholders 4536

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 9 Section 5.01. 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 9 Section 5.02. 5.02 Preservation of Of Information; Communications with With Securityholders 30 9 Section 5.03. 5.03 Reports by the Company 30 9 Section 5.04. 5.04 Reports by the Trustee 31 9 ARTICLE VI. 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 9 Section 6.01. 6.01 Events of Default 31 9 Section 6.02. 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 10 Section 6.03. 6.03 Application of Funds Moneys Collected 35 10 Section 6.04. 6.04 Limitation on Suits 35 11 Section 6.05. 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 11 Section 6.06. 6.06 Control by Securityholders 36 11 Section 6.07. 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 11 ARTICLE VII. 7 CONCERNING THE TRUSTEE 37 12 Section 7.01. 7.01 Certain Duties and Responsibilities of Trustee 37 12 Section 7.02. 7.02 Certain Rights of Trustee 38 12 Section 7.03. 7.03 Trustee not Not Responsible for Recitals Recitals, Indenture or Issuance of Securities 39 13 Section 7.04. 7.04 May Hold Securities 40 13 Section 7.05. Funds 7.05 Moneys Held in Trust 40 13 Section 7.06. 7.06 Compensation and Reimbursement 40 13 Section 7.07. 7.07 Reliance on Officer’s Certificate 40 13 Section 7.08. 7.08 Disqualification; Conflicting Interests 41 13 Section 7.09. 7.09 Corporate Trustee Required; Eligibility 41 13 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 14 Section 7.11. 7.11 Acceptance of Appointment By Successor 42 14 Section 7.12. 7.12 Merger, Conversion, Consolidation or Succession to Business 43 15 Section 7.13. 7.13 Preferential Collection of Claims Against the Company 43 15 Section 7.14 Notice of Default 15 ARTICLE VIII. 8 CONCERNING THE SECURITYHOLDERS 44 15 Section 8.01. 8.01 Evidence of Action by Securityholders 44 15 Section 8.02. 8.02 Proof of Execution by Securityholders 44 15 Section 8.03. 8.03 Who May be Deemed Owners 44 15 Section 8.04. 8.04 Certain Securities Owned by Company Disregarded 45 15 Section 8.05. 8.05 Actions Binding on Future Securityholders 4516

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 14 Section 5.01. 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 14 Section 5.02. 5.02 Preservation of Of Information; Communications with With Securityholders 30 14 Section 5.03. 5.03 Reports by the Company 30 14 Section 5.04. 5.04 Reports by the Trustee 31 15 ARTICLE VI. 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 15 Section 6.01. 6.01 Events of Default 31 15 Section 6.02. 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 16 Section 6.03. 6.03 Application of Funds Moneys Collected 35 17 Section 6.04. 6.04 Limitation on Suits 35 17 Section 6.05. 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 18 Section 6.06. 6.06 Control by Securityholders 36 18 Section 6.07. 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 19 ARTICLE VII. 7 CONCERNING THE TRUSTEE 37 19 Section 7.01. 7.01 Certain Duties and Responsibilities of Trustee 37 19 Section 7.02. 7.02 Certain Rights of Trustee 38 20 Section 7.03. 7.03 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 21 Section 7.04. 7.04 May Hold Securities 40 21 Section 7.05. Funds 7.05 Moneys Held in Trust 40 21 Section 7.06. 7.06 Compensation and Reimbursement 40 21 Section 7.07. 7.07 Reliance on Officer’s Certificate 40 21 Section 7.08. 7.08 Disqualification; Conflicting Interests 41 22 Section 7.09. 7.09 Corporate Trustee Required; Eligibility 41 22 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 22 Section 7.11. 7.11 Acceptance of Appointment By Successor 42 Section 7.12. Merger, Conversion, Consolidation or Succession to Business 43 Section 7.13. Preferential Collection of Claims Against the Company 43 ARTICLE VIII. CONCERNING THE SECURITYHOLDERS 44 Section 8.01. Evidence of Action by Securityholders 44 Section 8.02. Proof of Execution by Securityholders 44 Section 8.03. Who May be Deemed Owners 44 Section 8.04. Certain Securities Owned by Company Disregarded 45 Section 8.05. Actions Binding on Future Securityholders 4523

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY. ANDTHE AND THE TRUSTEE 30 9 Section 5.01. 5.01 Company to Furnish Trustee Names and Addresses of Securityholders 30 9 Section 5.02. 5.02 Preservation of Of Information; Communications with With Securityholders 30 9 Section 5.03. 5.03 Reports by the Company 30 9 Section 5.04. 5.04 Reports by the Trustee 31 9 ARTICLE VI. 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ONEVENT ON EVENT OF DEFAULT 31 9 Section 6.01. 6.01 Events of Default 31 9 Section 6.02. 6.02 Collection of Indebtedness and Suits for Enforcement by Trustee 34 10 Section 6.03. 6.03 Application of Funds Moneys Collected 35 10 Section 6.04. 6.04 Limitation on Suits 35 11 Section 6.05. 6.05 Rights and Remedies Cumulative; Delay or Omission not Not Waiver 36 11 Section 6.06. 6.06 Control by Securityholders 36 11 Section 6.07. 6.07 Undertaking to Pay Costs 36 Section 6.08. Waiver of Usury, Stay or Extension of Laws 37 11 ARTICLE VII. 7 CONCERNING THE TRUSTEE 37 12 Section 7.01. 7.01 Certain Duties and Responsibilities of Trustee 37 12 Section 7.02. 7.02 Certain Rights of Trustee 38 12 Section 7.03. 7.03 Trustee not Not Responsible for Recitals or Issuance of or Securities 39 13 Section 7.04. 7.04 May Hold Securities 40 13 Section 7.05. Funds 7.05 Moneys Held in Trust 40 13 Section 7.06. 7.06 Compensation and Reimbursement 40 13 Section 7.07. 7.07 Reliance on Officer’s Certificate 40 13 Section 7.08. 7.08 Disqualification; Conflicting Interests 41 13 Section 7.09. 7.09 Corporate Trustee Required; Eligibility 41 13 Section 7.10. 7.10 Resignation and Removal; Appointment of Successor 41 14 Section 7.11. 7.11 Acceptance of Appointment By Successor 42 14 Section 7.12. 7.12 Merger, Conversion, Consolidation or Succession to Business 43 14 Section 7.13. 7.13 Preferential Collection of Claims Against the Company 43 15 Section 7.14 Notice of Default 15 ARTICLE VIII. 8 CONCERNING THE SECURITYHOLDERS 44 15 Section 8.01. 8.01 Evidence of Action by Securityholders 44 15 Section 8.02. 8.02 Proof of Execution by Securityholders 44 15 Section 8.03. 8.03 Who May be Deemed Owners 44 15 Section 8.04. 8.04 Certain Securities Owned by Company Disregarded 45 15 Section 8.05. 8.05 Actions Binding on Future Securityholders 4515