<SEC-DOCUMENT>0001171843-24-001337.txt : 20240314
<SEC-HEADER>0001171843-24-001337.hdr.sgml : 20240314
<ACCEPTANCE-DATETIME>20240314130204
ACCESSION NUMBER:		0001171843-24-001337
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240314
FILED AS OF DATE:		20240314
DATE AS OF CHANGE:		20240314

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGNA INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000749098
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11444
		FILM NUMBER:		24748841

	BUSINESS ADDRESS:	
		STREET 1:		337 MAGNA DRIVE
		STREET 2:		N/A
		CITY:			AURORA, ONTARIO, CAN
		STATE:			A6
		ZIP:			L4G 7K1
		BUSINESS PHONE:		9057262462

	MAIL ADDRESS:	
		STREET 1:		337 MAGNA DRIVE
		STREET 2:		N/A
		CITY:			AURORA, ONTARIO, CAN
		STATE:			A6
		ZIP:			L4G 7K1
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_031424.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-size: 14pt">UNITED STATES</FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>Washington, D.C. 20549</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 14pt"><B>FORM 6-K</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>Report of Foreign Private Issuer Pursuant
to Rule 13a-16 or 15d-16<BR>
under the Securities Exchange Act of 1934</B></FONT><B> </B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>For the month of March 2024</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"><B>Commission File Number </B>&nbsp;&nbsp;&nbsp;<B>001-11444</B></P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; width: 100%"><FONT STYLE="font-size: 18pt"><B>MAGNA INTERNATIONAL INC.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Exact Name of Registrant as specified in its Charter)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>337 Magna Drive,
    Aurora, Ontario, Canada L4G 7K1</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive office)</FONT></TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">Indicate by check mark whether the registrant files or will file annual reports under
cover Form&nbsp;20-F or Form&nbsp;40-F.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;20-F
&#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F &#9746;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>MAGNA INTERNATIONAL INC.</B></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">(Registrant)</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Date: <U>March 14, 2024</U></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="padding-left: 10pt; border-bottom: Black 1pt solid; vertical-align: middle"><I>/s/ &ldquo;Bassem Shakeel&rdquo;</I></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; vertical-align: middle">Bassem A. Shakeel,</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; vertical-align: middle">Vice-President, Associate General Counsel and Corporate Secretary</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 10pt; vertical-align: middle; text-align: left"></TD></TR>
  </TABLE>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><B>EXHIBITS</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; font-size: 10pt"><A HREF="exh_99.htm">Exhibit 99</A></TD>
    <TD STYLE="width: 88%; font-size: 10pt"><A HREF="exh_99.htm">Eighth Supplemental Indenture, dated as of March 14, 2024, among the Registrant, and The Bank of New York Mellon, as trustee.</A></TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; text-indent: -1in; margin: 0pt 0 0pt 1in">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exh_99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: right"><B>Exhibit 99</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0"><B><I>Execution Version</I></B></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">MAGNA INTERNATIONAL INC.<BR>
<BR>
to<BR>
<BR>
THE BANK OF NEW YORK MELLON<BR>
<BR>
as Trustee</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">Eighth Supplemental Indenture<BR>
dated as of March 14, 2024</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">to</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Indenture<BR>
dated as of June 16, 2014</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">$400,000,000</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">5.050% Senior Notes due 2029</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; font-weight: bold; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: right; margin: 0pt 0">Page</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: right; margin: 0pt 0">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 6pt; padding-bottom: 12pt; padding-left: 4.3pt">Article I <BR>
RELATION TO INDENTURE; DEFINITIONS</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 90%; text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 1.01&nbsp;&nbsp;&nbsp;Relation To Indenture.</TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 0in">1</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 1.02&nbsp;&nbsp;&nbsp;Rules of Interpretation; Definitions.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">1</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 6pt; padding-bottom: 12pt; padding-left: 4.3pt">Article II <BR>
THE SERIES OF DEBT SECURITIES</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 2.01&nbsp;&nbsp;&nbsp;Title of the Debt Securities.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">6</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 2.02&nbsp;&nbsp;&nbsp;Limitations on Aggregate Principal Amount.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">6</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 2.03&nbsp;&nbsp;&nbsp;Registered Debt Securities; Global Form.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">7</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 2.04&nbsp;&nbsp;&nbsp;Form and Terms of Notes; Payment.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">7</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 2.05&nbsp;&nbsp;&nbsp;Registrar, Transfer Agent and Paying Agent.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">7</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 2.06&nbsp;&nbsp;&nbsp;Applicability of Certain Indenture Provisions.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">7</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 2.07&nbsp;&nbsp;&nbsp;Interest Act (Canada).</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">8</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 2.08&nbsp;&nbsp;&nbsp;Additional Amounts.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">8</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 6pt; padding-bottom: 12pt; padding-left: 4.3pt">Article III <BR>
CERTAIN COVENANTS APPLICABLE TO THE NOTES</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 3.01&nbsp;&nbsp;&nbsp;Limitation on Secured Debt.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">8</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 3.02&nbsp;&nbsp;&nbsp;Sale and Leaseback Transactions.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">10</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 3.03&nbsp;&nbsp;&nbsp;Restrictions on Transfer of Principal Property to Unrestricted Subsidiaries.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">11</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 3.04&nbsp;&nbsp;&nbsp;Right to Require Repurchase Upon a Change of Control Triggering Event.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">11</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 6pt; padding-bottom: 12pt; padding-left: 4.3pt">Article IV <BR>
REDEMPTION</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 4.01&nbsp;&nbsp;&nbsp;Applicability of Article Four of the Indenture.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">12</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 4.02&nbsp;&nbsp;&nbsp;Redemption at the Option of the Company.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">13</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 6pt; padding-bottom: 12pt; padding-left: 4.3pt">Article V <BR>
MISCELLANEOUS PROVISIONS</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 5.01&nbsp;&nbsp;&nbsp;Ratification of Indenture.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">13</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 5.02&nbsp;&nbsp;&nbsp;Governing Law.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">13</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 5.03&nbsp;&nbsp;&nbsp;Counterparts; Electronic Means.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">14</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 5.04&nbsp;&nbsp;&nbsp;Sanctions.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">15</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 5.05&nbsp;&nbsp;&nbsp;Recitals.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">15</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -1.2in; padding-top: 0in; padding-bottom: 0in; padding-left: 90.7pt">SECTION 5.06&nbsp;&nbsp;&nbsp;Waiver of Trial by Jury.</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 0in">15</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 6pt; padding-bottom: 6pt; padding-left: 40.5pt">EXHIBIT A&nbsp;&nbsp;&nbsp; Form of Note</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">A-1</TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">EIGHTH SUPPLEMENTAL INDENTURE, dated as of March 14,
2024 (this &ldquo;<I>Supplemental Indenture</I>&rdquo;), between MAGNA INTERNATIONAL INC., a corporation duly organized and existing under
the laws of the Province of Ontario (the &ldquo;<I>Company</I>&rdquo;), and THE BANK OF NEW YORK MELLON, a New York banking corporation,
as trustee (the &ldquo;<I>Trustee</I>&rdquo;).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">RECITALS OF THE COMPANY</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">WHEREAS, the Company has heretofore executed and delivered
to the Trustee an Indenture, dated as of June 16, 2014, as amended and supplemented from time to time (the &ldquo;<I>Indenture</I>&rdquo;),
providing for the issuance from time to time of debt securities of the Company in one or more series (the &ldquo;<I>Debt Securities</I>&rdquo;);</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">WHEREAS, Section 3.01 of the Indenture provides that
various matters with respect to any series of Debt Securities issued under the Indenture may be established in an indenture supplemental
to the Indenture;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">WHEREAS, Section 11.01(i) of the Indenture provides
for the Company and the Trustee to enter into an indenture supplemental to the Indenture to establish the form or terms of Debt Securities
of any series as contemplated by Section 3.01 of the Indenture;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">WHEREAS, the Company desires to issue $400,000,000
aggregate principal amount of 5.050% Senior Notes due 2029 (the &ldquo;<I>Notes</I>&rdquo;); and</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">WHEREAS, all the conditions and requirements necessary
to make this Supplemental Indenture, when duly executed and delivered, a valid and legally binding agreement in accordance with its terms
and for the purposes herein expressed, have been performed and fulfilled.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0.5in; margin: 0pt 0">NOW, THEREFORE, THIS EIGHTH SUPPLEMENTAL INDENTURE WITNESSETH:</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">For and in consideration of the premises and the purchase
of the series of Debt Securities provided for herein by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate
benefit of all Holders of the series of Debt Securities provided for herein, as follows:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article I<BR>
RELATION TO INDENTURE; DEFINITIONS</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 1.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Relation To Indenture.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This Supplemental Indenture constitutes an integral
part of the Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 1.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Rules of Interpretation; Definitions.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The first paragraph of Section 1.01 of the Indenture
is fully incorporated by reference into this Supplemental Indenture. For all purposes of this Supplemental Indenture, except as otherwise
expressly provided or unless the context otherwise requires, all words, terms or phrases used but not defined herein shall have the respective
meanings assigned to them in the Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Authorized Officers</I>&rdquo; has the meaning
specified in Section 5.03 of this Supplemental Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Business Day</I>&rdquo; means any day, other
than a Saturday or Sunday, that is not a day on which banking institutions or trust companies are generally authorized or required by
law, regulation or executive order to close in The City of New York.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Change of Control</I>&rdquo; means the occurrence
of any of the following after the date of issuance of the Notes:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger, amalgamation or consolidation),
in one or a series of related transactions, of all or substantially all of the Company&rsquo;s assets and the assets of the Company&rsquo;s
Subsidiaries taken as a whole to any &ldquo;person&rdquo; or &ldquo;group&rdquo; (as those terms are used in Section 13(d)(3) of the Exchange
Act) other than to the Company or one of the Company&rsquo;s Subsidiaries;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the consummation of any transaction (including, without limitation, any merger, amalgamation or consolidation) the result of which is
that any &ldquo;person&rdquo; or &ldquo;group&rdquo; (as those terms are used in Section 13(d)(3) of the Exchange Act) (other than the
Company or one of the Company&rsquo;s Subsidiaries) becomes the &ldquo;beneficial owner&rdquo; (as defined in Rules 13d-3 and 13d-5 under
the Exchange Act), directly or indirectly, of the Company&rsquo;s Voting Stock representing a majority of the voting power of the Company&rsquo;s
outstanding Voting Stock;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the Company consolidates or amalgamates with, or merges with or into, any Person, or any Person consolidates with, or merges or amalgamates
with or into, the Company, in any such event pursuant to a transaction in which any of the Company&rsquo;s outstanding Voting Stock or
Voting Stock of such other Person is converted into or exchanged for cash, securities or other property, other than any such transaction
where the Company&rsquo;s Voting Stock outstanding immediately prior to such transaction constitutes, or is converted into or exchanged
for, Voting Stock representing a majority of the voting power of the Voting Stock of the surviving Person immediately after giving effect
to such transaction; or</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the adoption by the Company&rsquo;s shareholders of a plan relating to the Company&rsquo;s liquidation or dissolution.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Notwithstanding the foregoing, a transaction will not
be deemed to involve a Change of Control under clause (2) above if (1) the Company becomes a direct or indirect wholly-owned Subsidiary
of a holding company and (2)(A) the direct or indirect holders of the Voting Stock of such holding company immediately following that
transaction are substantially the same as the holders of the Company&rsquo;s Voting Stock immediately prior to that transaction or (B)
immediately following that transaction no person (as that term is used in Section 13(d)(3) of the Exchange Act) (other than a holding
company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly, of more than 50% of the Voting
Stock of such holding company.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Change of Control Triggering Event</I>&rdquo;
means the Notes cease to be rated Investment Grade by each of the Rating Agencies on any date during the Trigger Period (which Trigger
Period will be extended following consummation of a Change of Control for so long as any of the Rating Agencies has publicly announced
that it is considering a possible ratings change). However, a Change of Control Triggering Event otherwise arising by virtue of a particular
reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a
Change of Control Triggering Event for purposes of this definition) if the Rating Agencies making the reduction in rating to which this
definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at the Company&rsquo;s request that
the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect
of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Change in
Control Triggering Event). If a Rating Agency is not providing a rating for such Notes at the commencement of any Trigger Period, the
Notes will be deemed to have ceased to be rated Investment Grade by such Rating Agency during that Trigger Period. Notwithstanding the
foregoing, no Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless
and until such Change of Control has actually been consummated.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 4; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Consolidated Current Liabilities</I>&rdquo;
means the aggregate of the current liabilities of the Company and its Restricted Subsidiaries (excluding liabilities of Unrestricted Subsidiaries
and excluding billings on uncompleted contracts in excess of related costs and profits) appearing on the most recent available consolidated
balance sheet of the Company and its Restricted Subsidiaries, all in accordance with generally accepted accounting principles; <I>provided</I>,
<I>however</I>, that in no event shall Consolidated Current Liabilities include any obligation of the Company and its Restricted Subsidiaries
issued under a revolving credit or similar agreement if the obligation issued under such agreement matures by its terms within 12 months
from the date thereof but by the terms of such agreement such obligation may be renewed or extended or the amount thereof reborrowed or
refunded at the option of the Company or any Restricted Subsidiary for a term in excess of 12 months from the date of determination.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Consolidated Net Tangible Assets</I>&rdquo;
means Consolidated Tangible Assets after deduction of Consolidated Current Liabilities.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Consolidated Shareholders&rsquo; Equity</I>&rdquo;
means at any date the shareholders&rsquo; equity of the Company and its Consolidated Subsidiaries determined on a consolidated basis as
of such date in accordance with United States generally accepted accounting principles; <I>provided</I> that, for purposes hereof, the
consolidated shareholders&rsquo; equity of the Company and its Consolidated Subsidiaries shall be calculated without giving effect to
(i) the application of ASC 715-Compensation-Retirement Benefits or (ii) the cumulative foreign currency translation adjustment.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Consolidated Subsidiary</I>&rdquo; means,
as to any Person, each subsidiary of such Person (whether now existing or hereafter created or acquired) the financial statements of which
shall be (or should have been) consolidated with the financial statements of such Person in accordance with United States generally accepted
accounting principles.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Consolidated Tangible Assets</I>&rdquo; means
the aggregate of all assets of the Company and its Restricted Subsidiaries (including the value of all existing Sale and Leaseback Transactions
and any assets resulting from the capitalization of other long-term lease obligations in accordance with generally accepted accounting
principles but excluding the value of assets or investments in any Unrestricted Subsidiary or any non-majority-owned Subsidiary) appearing
on the most recent available consolidated balance sheet of the Company and its Restricted Subsidiaries at their net book values, after
deducting related depreciation, amortization and other valuation reserves and excluding patent and trademark rights, good will, unamortized
discounts and expenses and any other intangible items, all in accordance with generally accepted accounting principles.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Electronic Means</I>&rdquo; shall mean the
following communications methods: e-mail, facsimile transmission, secure electronic transmission (i.e., a &ldquo;pdf&rdquo; or &ldquo;tif&rdquo;)
containing applicable authorization codes, passwords and/or authentication keys issued by the Trustee, or another method or system (including
any system used by a global depository) specified by the Trustee as available for use in connection with its services hereunder.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Executed Documentation</I>&rdquo; has the
meaning specified in Section 5.03 of this Supplemental Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Instructions</I>&rdquo; has the meaning specified
in Section 5.03 of this Supplemental Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Investment Grade</I>&rdquo; means a rating
of Baa3 or better by Moody&rsquo;s (or its equivalent under any successor rating category of Moody&rsquo;s) and a rating of BBB- or better
by S&amp;P (or its equivalent under any successor rating category of S&amp;P), and the equivalent investment grade credit rating from
any replacement rating agency or rating agencies selected by the Company under the circumstances permitting the Company to select a replacement
rating agency and in the manner for selecting a replacement rating agency, in each case as set forth in the definition of &ldquo;Rating
Agency.&rdquo;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Moody&rsquo;s</I>&rdquo; means Moody&rsquo;s
Investors Service, Inc., a subsidiary of Moody&rsquo;s Corporation, and its successors.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Par Call Date</I>&rdquo; means February 14,
2029.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Principal Property</I>&rdquo; means any manufacturing
plant, warehouse, office building or parcel of real property located in Canada, the United States, its territories and possessions, Puerto
Rico or Mexico (including fixtures and manufacturing machinery and equipment but excluding leases and other contract rights which might
otherwise be deemed real property) owned by the Company or any Restricted Subsidiary, whether owned on the date of this Supplemental Indenture
or thereafter, other than such plant, warehouse, office building or parcel of real property or portion thereof (including fixtures and
manufacturing machinery and equipment) which, in the opinion of the Board of Directors (evidenced by a certified Board Resolution thereof
delivered to the Trustee), is not of material importance to the business conducted by the Company and its Restricted Subsidiaries taken
as a whole.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Rating Agency</I>&rdquo; means each of Moody&rsquo;s
and S&amp;P; <I>provided</I>, that if any of Moody&rsquo;s or S&amp;P ceases to provide rating services to issuers or investors, the Company
may appoint another &ldquo;nationally recognized statistical rating organization&rdquo; as defined under Section 3(a)(62) of the Exchange
Act as a replacement for such Rating Agency; <I>provided</I>, that the Company shall give notice of such appointment to the Trustee.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Restricted Subsidiary</I>&rdquo; means (a)
any Subsidiary other than an Unrestricted Subsidiary and (b) any Subsidiary which is an Unrestricted Subsidiary but which is designated
by the Board of Directors pursuant to a Board Resolution to be a Restricted Subsidiary; <I>provided however</I>, that the Board of Directors
may not designate any Subsidiary to be a Restricted Subsidiary if the Company would thereby breach any covenant or agreement contained
in the Indenture (on the assumptions that any outstanding Secured Debt of such Subsidiary was incurred at the time of such designation
and that any Sale and Leaseback Transaction to which such Subsidiary is then a party was entered into at the time of such designation).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Sale and Leaseback Transaction</I>&rdquo;
has the meaning specified in Section 3.02 of this Supplemental Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Sanctions</I>&rdquo; has the meaning specified
in Section 5.04 of this Supplemental Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Secured Debt</I>&rdquo; means indebtedness
for money borrowed that is secured by a Security Interest in (a) any Principal Property or (b) any shares of capital stock or other equity
interests or indebtedness (held as an asset) of any Restricted Subsidiary.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Security Interest</I>&rdquo; shall mean any
mortgage, pledge, lien, encumbrance, conditional sale, title retention agreement or other security interest.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>S&amp;P</I>&rdquo; means S&amp;P Global Ratings
Services, a business unit of Standard &amp; Poor&rsquo;s Financial Services, LLC, and its successors.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0; color: #231F20">&ldquo;<I>Treasury Rate</I>&rdquo;
means, with respect to any Redemption Date pursuant to Section 4.02 of this Supplemental Indenture, the yield determined by the Company
in accordance with the following two paragraphs:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0; color: #231F20">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">The Treasury Rate shall be determined by the Company after 4:15 p.m., New York City
time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System),
on the third Business Day preceding the Redemption Date for a series of Notes to be redeemed based upon the yield or yields for the most
recent day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal
Reserve System designated as &ldquo;Selected Interest Rates (Daily)&mdash;H.15&rdquo; (or any successor designation or publication) (&ldquo;<I>H.15</I>&rdquo;)
under the caption &ldquo;U.S. government securities&ndash;Treasury constant maturities&ndash;Nominal&rdquo; (or any successor caption
or heading) (&ldquo;H.15 TCM&rdquo;). In determining the Treasury Rate, the Company shall select, as applicable: the yield for the Treasury
constant maturity on H.15 exactly equal to the period from the Redemption Date to the Par Call Date applicable to the Notes of the series
to be redeemed (the &ldquo;<I>Remaining Life</I>&rdquo;); or (2) if there is no such Treasury constant maturity on H.15 exactly equal
to the Remaining Life, the two yields&mdash;one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than
and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining Life&mdash;and shall interpolate
to the Par Call Date applicable to the Notes of the series to be redeemed on a straight-line basis (using the actual number of days) using
such yields and rounding the result to three decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than
or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes
of this paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the
relevant number of months or years, as applicable, of such Treasury constant maturity from the Redemption Date.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; color: #231F20">If on the third Business Day preceding the Redemption Date H.15 TCM
is no longer published, the Company shall calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent
yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such Redemption Date of the United States Treasury
security maturing on, or with a maturity that is closest to, the Par Call Date applicable to the Notes of the series to be redeemed, as
applicable. If there is no United States Treasury security maturing on such Par Call Date but there are two or more United States Treasury
securities with a maturity date equally distant from such Par Call Date, one with a maturity date preceding such Par Call Date and one
with a maturity date following such Par Call Date, the Company shall select the United States Treasury security with a maturity date preceding
such Par Call Date. If there are two or more United States Treasury securities maturing on such Par Call Date or two or more United States
Treasury securities meeting the criteria of the preceding sentence, the Company shall select from among these two or more United States
Treasury securities the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices
for such United States Treasury securities at 11:00 a.m., New York City time. In determining the Treasury Rate in accordance with the
terms of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average
of the bid and asked prices (expressed as a percentage of principal amount) at 11:00 a.m., New York City time, of such United States Treasury
security, and rounded to three decimal places.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; color: #231F20">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Trigger Period&rdquo;</I> means the period
commencing 60 days prior to the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending
60 days following consummation of such Change of Control.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Unrestricted Subsidiary</I>&rdquo; means
(a) any Subsidiary acquired or organized after the date hereof, <I>provided</I>, <I>however</I>, that such Subsidiary shall not be a successor,
directly or indirectly, to any Restricted Subsidiary (whether by merger, consolidation or amalgamation of such Restricted Subsidiary with,
or transfer of all or substantially all assets of such Restricted Subsidiary to, such Subsidiary or otherwise); (b) any Subsidiary whose
principal business or assets are located outside Canada, the United States, its territories and possessions, Puerto Rico or Mexico; (c)
any Subsidiary the principal business of which consists of financing or assisting in financing of customer construction projects or the
acquisition or disposition of products of dealers, distributors or other customers; (d) any Subsidiary whose principal business is the
ownership, leasing, purchasing, selling or development of real property; or (e) any Subsidiary substantially all the assets of which consist
of stock or other securities of a Subsidiary or Subsidiaries of a character described in clauses (a) through (d) of this paragraph, unless
and until any such Subsidiary shall have been designated to be a Restricted Subsidiary pursuant to clause (b) of the definition of &ldquo;Restricted
Subsidiary.&rdquo;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>value</I>&rdquo; means, as at any particular
time with respect to a Sale and Leaseback Transaction, an amount equal to the present value (discounted at the rate of interest implicit
in the terms of the lease) of the obligations of the lessee under such lease for net rental payments during the remaining term of the
lease (including any period for which such lease has been extended). For purposes of the foregoing, &ldquo;net rental payments&rdquo;
under any lease for any period means the sum of the rental and other payments required to be paid in such period by the lessee thereunder,
not including, however, any amounts required to be paid by such lessee (whether or not designated as rental or additional rental) on account
of maintenance and repairs, insurance, taxes, assessments or similar charges.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;<I>Voting Stock</I>&rdquo; of any specified
Person as of any date means the capital stock of such Person that is at the time entitled to vote generally in the election of the board
of directors of such Person.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article II<BR>
THE SERIES OF DEBT SECURITIES</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 2.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Title of the Debt Securities.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">There is hereby created under the Indenture a series
of Debt Securities designated the &ldquo;5.050% Senior Notes due 2029&rdquo;.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 2.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Limitations on Aggregate Principal Amount.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The aggregate principal amount of the Notes shall be
initially limited to $400,000,000; <I>provided</I> that the Company may, without the consent of the Holders of Outstanding Notes, increase
the principal amount of the Notes Outstanding by issuing additional Notes (&ldquo;<I>Additional Notes</I>&rdquo;) in the future on the
same terms and conditions (including, without limitation, the right to receive accrued and unpaid interest), except for differences in
the issue price, issue date and first Interest Payment Date (as defined in the form of Note attached as Exhibit A hereto) of the Additional
Notes, and with the same CUSIP and/or ISIN number as the Notes then Outstanding; provided that if the Additional Notes are not fungible
with the Outstanding Notes for U.S. federal income tax purposes, the Additional Notes shall have a separate CUSIP and/or ISIN number.
No Additional Notes may be issued if an Event of Default has occurred and is continuing with respect to the Notes. Any Additional Notes
shall rank equally and ratably with the Notes then Outstanding and shall be treated as a single series for all purposes hereunder and
under the Indenture. From and after the issue date of any Additional Notes, any reference herein to &ldquo;Notes&rdquo; shall include
such Additional Notes.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Except with respect to Additional Notes as provided
in this Section 2.02, the Company shall not execute and the Trustee shall not authenticate or deliver Notes in excess of $400,000,000.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Nothing contained in this Section 2.02 or elsewhere
in this Supplemental Indenture, or in the Notes, is intended to or shall limit execution by the Company or authentication or delivery
by the Trustee of the Notes under the circumstances contemplated in Section 3.06, 3.07, 4.03 and 11.04 of the Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 2.03<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Registered Debt Securities; Global Form.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Notes shall be issuable and transferable in fully
registered form, without coupons. The Notes shall each be issued in the form of one or more permanent Global Debt Securities subject to
any requirements of the Indenture for the issuance of definitive Notes in exchange therefor. The Depository for the Notes shall be The
Depository Trust Company. Beneficial interests in the Global Debt Securities evidencing the Notes shall not be exchangeable for Notes
in definitive form except as provided in Section 2.04 of the Indenture or if there has occurred and is continuing an Event of Default
with respect to the Notes.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 2.04<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Form and Terms of Notes; Payment.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Notes shall be substantially in the form attached
as Exhibit A hereto and shall have the terms specified therein.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">At the time of repayment of the Notes, whether on the
Stated Maturity Date (as defined in the form of Note attached as Exhibit A hereto), or upon earlier repayment or redemption in accordance
with the provisions set forth in the Indenture, the Company may designate one or more of its Subsidiaries to acquire the Notes for its
own account and to pay Holders a cash purchase price for the Notes that is equal to the amounts otherwise due upon maturity or such earlier
repayment or redemption. Notwithstanding the foregoing, the Company will remain the sole obligor under the Notes and Holders will continue
to be entitled to look solely to the Company for payment of all amounts due under the Notes. For greater certainty, in addition to the
foregoing, either the Company or one or more of its Subsidiaries may also purchase outstanding Notes at any time and from time to time
at prevailing market prices or at such price as the Holder of the Notes being purchased may agree.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 2.05<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Registrar, Transfer Agent and Paying Agent.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Trustee shall initially serve as Debt Security
registrar, transfer agent and Paying Agent for the Notes.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The execution and delivery of this Supplemental Indenture
by the Trustee shall be deemed, in addition to acceptance of the duties as Trustee for the Notes, acceptance of its responsibilities as
Debt Security registrar, transfer agent and Paying Agent for the Notes, subject to the rights, privileges, immunities, powers and indemnities
set forth in the Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 2.06<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Applicability of Certain Indenture Provisions.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The provisions of Article Thirteen of the Indenture
relating to defeasance and covenant defeasance shall be applicable to the Notes and the provisions of Section 13.04 thereof shall, in
addition to those sections of the Indenture specified in Section 13.04 thereof, apply with respect to the covenants specified in Sections
3.01, 3.02 and 3.03 of this Supplemental Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Solely for purposes of the Notes (and not in relation
to any other series of Debt Securities), the provisions of Section 5.10 of the Indenture are hereby expressly made applicable to the covenants
specified in Sections 3.01, 3.02 and 3.03 of this Supplemental Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 2.07<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Interest Act (Canada).</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">For purposes of disclosure pursuant to the <I>Interest
Act</I> (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Supplemental Indenture
or the Indenture (and stated herein or therein, as applicable, to be computed on the basis of a 360-day year) are equivalent to the rates
so determined multiplied by the actual number of days in the applicable calendar year and divided by 360. For the purposes of the <I>Interest
Act</I> (Canada), the principle of deemed reinvestment of interest will not apply to any interest calculation under this Supplemental
Indenture or the Indenture, and the rates of interest stipulated in this Supplemental Indenture or the Indenture are intended to be nominal
rates and not effective rates or yields.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 2.08<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Additional Amounts.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">The provisions of Section 5.08 of the Indenture relating to the payment
of Additional Amounts (including, without limitation, Section 5.08(b)) shall, subject to the provisions of this Section 2.08, be applicable
to the Notes.</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Solely for purposes of the Notes (and not in relation
to any other series of Debt Securities), clauses (7) and (8) of the first paragraph of Section 5.08(a) of the Indenture are hereby amended
and restated and a new clause (9) is hereby added as follows:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&ldquo;(7)</TD><TD STYLE="text-align: justify">which is subject to any tax, assessment, withholding or deduction required by sections 1471 through 1474
of the U.S. Internal Revenue Code of 1986, as amended (&ldquo;FATCA&rdquo;), any current or future Treasury Regulations or rulings promulgated
thereunder, any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA, any intergovernmental agreement
between the United States and any other jurisdiction to implement FATCA, or any agreement with the U.S. Internal Revenue Service (&ldquo;IRS&rdquo;)
under FATCA;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(8)</TD><TD STYLE="text-align: justify">which is subject to such taxes by reason of the holder or beneficial owner of the Notes being an entity
in respect of which the Company is a &ldquo;specified entity&rdquo; as defined in proposals to amend the Income Tax Act (Canada) on November
28, 2023 with respect to &ldquo;hybrid mismatch arrangements&rdquo; or substantially analogous provisions of any finally enacted amendment
to the Income Tax Act (Canada); or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(9)</TD><TD STYLE="text-align: justify">which is subject to such Canadian Taxes by reason of any combination of (1) through (8) above.&rdquo;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article III<BR>
CERTAIN COVENANTS APPLICABLE TO THE NOTES</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 3.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Limitation on Secured Debt.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
So long as the Notes shall remain Outstanding, the Company will not at any time create, assume or guarantee, and will not cause or permit
a Restricted Subsidiary to create, assume or guarantee any Secured Debt without making effective provision (and the Company covenants
that in such case it will make or cause to be made effective provision) whereby the Notes then Outstanding shall be secured by such Security
Interest equally and ratably with any and all other obligations and indebtedness which shall be so secured; <I>provided</I>, <I>however</I>,
that the foregoing covenants shall not be applicable to the following:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a) any Security Interest on any property hereafter acquired or constructed by the Company or a Restricted Subsidiary (including any improvement
on an existing property) to secure or provide for the payment of all or any part of the purchase price or construction cost of such property,
including, but not limited to, any indebtedness incurred by the Company or a Restricted Subsidiary prior to, at the time of, or within
365 days after the later of the acquisition, the completion of construction (including any improvements on an existing property) or the
commencement of commercial operation of such property, which indebtedness is incurred for the purpose of financing or refinancing all
or any part of the purchase price thereof or construction or improvements thereon; or (b) any Security Interest upon property existing
at the time of acquisition thereof, whether or not assumed by the Company or such Restricted Subsidiary; or (c) any Security Interest
existing on the property or on the outstanding shares of capital stock or other equity interests or indebtedness of a Person at the time
such Person or an Affiliate of such Person shall become a Restricted Subsidiary (including any such Security Interest to secure or provide
for the payment of all or any part of the purchase price of or consideration for any such transaction); or (d) a Security Interest on
property or shares of capital stock or other equity interests or indebtedness of a Person existing at the time such Person or an Affiliate
of such Person is merged into or consolidated or amalgamated with the Company or a Restricted Subsidiary or at the time of a sale, lease
or other disposition of the properties of a Person as an entirety or substantially as an entirety to the Company or a Restricted Subsidiary
(including any such Security Interest to secure or provide for the payment of all or any part of the purchase price of or consideration
for any such merger, consolidation, amalgamation, lease or other acquisition), <I>provided</I>, <I>however</I>, that no such Security
Interest shall extend to any other Principal Property of the Company or such Restricted Subsidiary prior to such acquisition or to the
other Principal Property thereafter acquired other than additions or improvements to such acquired property;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Security Interests in property of the Company or a Restricted Subsidiary in favor of the United States of America or any State thereof,
or any department, agency or instrumentality or political subdivision of the United States of America or any State thereof, or in favor
of Canada or any province thereof or any other country, or any department, agency or instrumentality or political subdivision of Canada
or any province thereof or such other country (including, without limitation, Security Interests to secure indebtedness of the pollution
control or industrial revenue bond type), in order to permit the Company or a Restricted Subsidiary to perform any contract or subcontract
made by it with or at the request of any of the foregoing, or to secure partial, progress, advance or other payments pursuant to any contract
or statute or to secure any indebtedness incurred for the purpose of financing all or any part of the purchase price or the cost of constructing
or improving the property subject to such Security Interests;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
any Security Interest existing at the date of original issuance of the Notes;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
any Security Interest on any property or assets of any Restricted Subsidiary to secure indebtedness owing by it to the Company or to a
Restricted Subsidiary;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Mechanics&rsquo;, materialmen&rsquo;s, carriers&rsquo; or other like liens arising in the ordinary course of business (including construction
of facilities) in respect of obligations which are not due or which are being contested in good faith;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
any Security Interest arising by reason of deposits with, or the giving of any form of security to, any governmental agency or any body
created or approved by law or governmental regulations, which is required by law or governmental regulation as a condition to the transaction
of any business, or the exercise of any privilege, franchise or license;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(7)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Security Interests for taxes, assessments or governmental charges or levies not yet delinquent, or the Security Interests for taxes, assessments
or government charges or levies already delinquent but the validity of which is being contested in good faith;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(8)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Security Interests (including judgment liens) arising in connection with legal proceedings so long as such proceedings are being contested
in good faith and, in the case of judgment liens, execution thereon is stayed;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(9)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Landlords&rsquo; liens on fixtures located on premises leased by the Company or a Restricted Subsidiary in the ordinary course of business;
or</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(10)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
any extension, renewal or replacement (or successive extensions, renewals or replacements) in whole or in part of any Security Interest
permitted by subsection (a) of this Section 3.01.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Notwithstanding the provisions of subsection (a) of this Section 3.01, the Company and any one or more Restricted Subsidiaries may, in
addition, without securing the Notes, issue, assume or guarantee Secured Debt that would otherwise be subject to the foregoing restrictions
in an aggregate amount which, together with all other Secured Debt of the Company and its Restricted Subsidiaries that would otherwise
be subject to the foregoing restrictions (but not including Secured Debt permitted to be secured under subsection (a) above) and the aggregate
value of the Sale and Leaseback Transactions (as defined in Section 3.02) in existence at such time (not including Sale and Leaseback
Transactions the proceeds of which have been or will be applied in accordance with clause (b) of Section 3.02), does not exceed 10% of
Consolidated Shareholders&rsquo; Equity, determined as of a date not more than 90 days prior thereto.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In the event that the Company shall hereafter secure the Notes equally and ratably with any other obligation or indebtedness pursuant
to the provisions of this Section 3.01, the Trustee is hereby authorized to enter into an indenture or agreement supplemental to the Indenture
and this Supplemental Indenture and to take such action, if any, as it may deem advisable to enable it to enforce effectively the rights
of the Holders of the Notes so secured, equally and ratably with such other obligation or indebtedness.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 3.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Sale and Leaseback Transactions.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">So long as the Notes shall remain Outstanding, the
Company will not, and will not permit any Restricted Subsidiary to, sell or transfer (except to the Company or one or more Restricted
Subsidiaries, or both) any Principal Property owned by the Company or a Restricted Subsidiary and in full operation for more than 365
days, with the intention of taking back a lease of such property (except a lease for a term of no more than three years entered into with
the intent that the use by the Company or such Restricted Subsidiary of such property will be discontinued on or before the expiration
of such term) (herein referred to as a &ldquo;<I>Sale and Leaseback Transaction</I>&rdquo;) unless either (a) the Company or such Restricted
Subsidiary would be permitted, pursuant to the provisions of Section 3.01, to incur Secured Debt equal in amount to the amount realized
or to be realized upon such sale or transfer secured by a Security Interest on the Principal Property to be leased without equally and
ratably securing the Notes or (b) the Company or a Restricted Subsidiary shall apply an amount equal to the value of the Principal Property
so leased to the retirement (other than any mandatory retirement), within 365 days of the effective date of any such arrangement, of indebtedness
for money borrowed of the Company and its Restricted Subsidiaries (excluding indebtedness for money borrowed of Unrestricted Subsidiaries)
as shown on the most recent consolidated balance sheet of the Company and which, in the case of such indebtedness for money borrowed of
the Company, is not subordinated to the Notes; <I>provided</I>, <I>however</I>, that in lieu of applying all or any part of such amount
to such retirement, the Company may at its option (x) deliver to the Trustee for cancellation Debt Securities of any series issued under
the Indenture (including the Notes) theretofore purchased or otherwise acquired by the Company or (y) receive credit for Debt Securities
of any series issued under the Indenture (including the Notes) theretofore redeemed at its option. If the Company shall so deliver Debt
Securities to the Trustee (or receive credit for Debt Securities so delivered), the amount which the Company shall be required to apply
to the retirement of indebtedness pursuant to this Section 3.02 shall be reduced by an amount equal to the aggregate principal amount
of such Debt Securities.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 3.03<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Restrictions on Transfer of Principal Property to Unrestricted Subsidiaries.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">So long as the Notes remain Outstanding, the Company
will not itself, and will not cause or permit any Restricted Subsidiary to, transfer (whether by merger, consolidation, amalgamation or
otherwise) Principal Property that has a gross book value (without deduction for any depreciation reserves) at the date as of which the
determination is being made in excess of two percent of the Consolidated Net Tangible Assets of the Company and the Restricted Subsidiaries
to any Unrestricted Subsidiary, unless it shall apply, within one year after the effective date of such transaction, or shall have committed
within one year after such effective date to apply, an amount equal to the fair value of such Principal Property at the time of such transfer,
as determined by the Board of Directors, (a) to the acquisition, construction, development or improvement of properties, facilities or
equipment which are, or, upon, such acquisition, construction, development or improvement will be, a Principal Property or Properties
or a part thereof, (b) to the redemption of Debt Securities of any series issued under the Indenture, (c) to the repayment of indebtedness
for borrowed money of the Company or of any Restricted Subsidiary (other than any such indebtedness owed to any Restricted Subsidiary
or any subordinated indebtedness of the Company), or (d) in part to an acquisition, construction, development or improvement and in part
to such redemption and/or repayment, in each case as set forth in clauses (a) through (c) above; <I>provided that,</I> in lieu of applying
an amount equivalent to all or any part of such fair value to such redemption, the Company may, within one year after such transfer, deliver
to the Trustee Debt Securities (other than Debt Securities made the basis of a reduction in a mandatory sinking fund payment pursuant
to Section 4.05 of the Indenture) for cancellation and thereby reduce the amount to be applied to the redemption of the Debt Securities
of that series pursuant to clause (b) above by an amount equivalent to the aggregate principal amount of the Debt Securities so delivered.
The fair value of any Principal Property for purposes of this Section 3.03 will be as determined by the Board of Directors.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 3.04<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Right to Require Repurchase Upon a Change of Control Triggering Event.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Upon the occurrence of a Change of Control Triggering
Event with respect to the Notes, unless the Company has exercised its right to redeem the Notes in whole in accordance with the Indenture
by giving irrevocable notice to the Holders in accordance with the Indenture, each Holder of Notes will have the right to require the
Company to purchase all or a portion of such Holder&rsquo;s Notes pursuant to the offer described below (the &ldquo;<I>Change of Control
Offer</I>&rdquo;), at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest to, but excluding,
the date of purchase (the &ldquo;<I>Change of Control Payment</I>&rdquo;).</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Within 30 days following the date upon which the Change
of Control Triggering Event occurs or, at the Company&rsquo;s option, prior to any Change of Control but after the public announcement
of the pending Change of Control, the Company shall give a notice to each Holder, with a copy to the Trustee, which notice will govern
the terms of the Change of Control Offer. Such notice shall state, among other things, the purchase date, which must be no earlier than
30 days nor later than 60 days from the date such notice is given, other than as may be required by law (the &ldquo;<I>Change of Control
Payment Date</I>&rdquo;). The notice, if given prior to the date of consummation of the Change of Control, shall state that the Change
of Control Offer is conditioned on the occurrence of a Change of Control Triggering Event on or prior to the Change of Control Payment
Date. Holders of Notes electing to have Notes purchased pursuant to a Change of Control Offer will be required to surrender their Notes,
in the case of Notes issued and held in certificated form, to the Paying Agent at the address specified in the notice, or, in the case
of Notes held in the form of one or more Global Debt Securities and beneficial interests therein that are held in book-entry form through
the facilities of the Depository, transfer their Notes to the Depository by book-entry transfer pursuant to the applicable procedures
of the Depository, prior to the close of business on the third Business Day prior to the Change of Control Payment Date.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">On the Change of Control Payment Date, the Company
shall, to the extent lawful:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
accept or cause a third party to accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control
Offer;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
at or prior to 10:00 a.m., New York City time, deposit or cause a third party to deposit with the Paying Agent an amount equal to the
Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers&rsquo; Certificate stating the aggregate
principal amount of Notes or portions of Notes being repurchased.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Company shall not be required to make a Change
of Control Offer with respect to the Notes if a third party makes such an offer in the manner, at the times and otherwise in compliance
with the requirements for such an offer made by the Company and such third party purchases all the Notes properly tendered and not withdrawn
under its offer. In addition, the Company shall not repurchase any Notes if there has occurred and is continuing on the Change of Control
Payment Date an Event of Default under the Indenture, other than a default in the payment of the Change of Control Payment on the Change
of Control Payment Date.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Company must comply in all material respects with
the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder to the extent such laws
and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To
the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the
Notes, the Company shall be required to comply with such securities laws and regulations and shall not be deemed to have breached the
Company&rsquo;s obligations under this Section 3.04 by virtue of any such conflict.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article IV<BR>
REDEMPTION</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 4.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Applicability of Article Four of the Indenture.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The provisions of Article Four of the Indenture shall,
subject to the provisions of this Article IV, be applicable with respect to the Notes.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solely
for purposes of the Notes (and not in relation to any other series of Debt Securities), the first sentence of the first paragraph of Section
4.02 of the Indenture is hereby amended and restated as follows:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;In case the Company shall desire to exercise
the right to redeem all, or, as the case may be, any part of the Notes pursuant to Section 4.01 of the Indenture, the Company shall fix
a date for redemption and the Company, or, at the Company&rsquo;s request, the Trustee in the name of and at the expense of the Company,
shall give a notice of such redemption at least 10 and nor more than 60 days (or, in the case of a redemption pursuant to Section 5.08(b),
not more than 45 nor less than 15 days) prior to the date fixed for redemption, to the Holders of Notes so to be redeemed as a whole or
in part by first-class mail at their last addresses as the same appear on the Debt Securities Register or electronic delivery or transmission
in accordance with the procedures of the Depository.&rdquo;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solely
for purposes of the Notes (and not in relation to any other series of Debt Securities), the second and third sentences of the third paragraph
of Section 4.02 of the Indenture are hereby amended and restated as follows:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&ldquo;If fewer than all the Notes are to be redeemed,
the particular Notes or portions thereof to be redeemed shall be selected from the Notes Outstanding not previously called according to
the applicable procedures of the Depository in the case of Notes issued in the form of one or more Global Debt Securities and beneficial
interests therein that are held in book-entry form through the facilities of the Depository or, in the case of Notes in certificated form,
the Trustee will select the Notes to be redeemed on a pro rata basis, by lot or by such other method as the Trustee in its sole discretion
deems appropriate and fair. No Notes of a principal amount of $2,000 or less will be redeemed in part. For so long as the Notes are held
by The Depository Trust Company (or another Depository), the redemption of the Notes shall be done in accordance with the policies and
procedures of the Depository.&rdquo;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 4.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Redemption at the Option of the Company.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Company may redeem the Notes, in whole or in part,
at any time and from time to time, prior to the Par Call Date, at its option, at the Redemption Price equal to the greater of:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date
(assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate, plus 15 basis points less (ii) interest accrued on the Notes to the date of redemption, and</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
100% of the principal amount of the Notes to be redeemed;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">plus, in either case, accrued and unpaid interest on the Notes being redeemed
thereon to, but excluding, the Redemption Date.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">On or after the Par Call Date, the Company may redeem
the Notes, in whole or in part, at any time and from time to time, at a Redemption Price equal to 100% of the principal amount of the
Notes being redeemed, plus accrued and unpaid interest on the Notes being redeemed to, but excluding, the Redemption Date.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Unless the Company shall default in payment of the
Redemption Price, on and after the Redemption Date, interest will cease to accrue on the Notes or portions thereof called for redemption
on such date.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">Article V<BR>
MISCELLANEOUS PROVISIONS</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 5.01<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Ratification of Indenture.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Except as expressly modified or amended hereby with
respect to the Notes, the Indenture continues in full force and effect and is in all respects confirmed and preserved and this Supplemental
Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 5.02<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Governing Law.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This Supplemental Indenture and each Note shall be
governed by and construed in accordance with the laws of the State of New York. This Supplemental Indenture is subject to the provisions
of the Trust Indenture Act of 1939, as amended, and shall, to the extent applicable, be governed by such provisions.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 5.03<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Counterparts; Electronic Means.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This Supplemental Indenture 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. Delivery of an executed counterpart of a signature page to this Supplemental Indenture by Electronic
Means shall be effective as delivery of a manually executed counterpart hereof. Facsimile, documents executed, scanned and transmitted
electronically and electronic signatures, including those created or transmitted through a software platform or application, shall be
deemed original signatures for purposes of this Supplemental Indenture and all other related documents and all matters and agreements
related thereto, with such facsimile, scanned and electronic signatures having the same legal effect as original signatures. The parties
agree that this Supplemental Indenture or any other related document or any instrument, agreement or document necessary for the consummation
of the transactions contemplated by this Supplemental Indenture or the other related documents or related hereto or thereto (including,
without limitation, addendums, amendments, notices, instructions, communications with respect to the delivery of securities or the wire
transfer of funds or other communications) (the &ldquo;<I>Executed Documentation</I>&rdquo;) may be accepted, executed or agreed to through
the use of an electronic signature in accordance with applicable laws, rules and regulations in effect from time to time applicable to
the effectiveness and enforceability of electronic signatures. Any Executed Documentation accepted, executed or agreed to in conformity
with such laws, rules and regulations will be binding on all parties hereto to the same extent as if it were physically executed and each
party hereby consents to the use of any third party electronic signature capture service providers as may be reasonably chosen by a signatory
hereto or thereto. Further, the Trustee shall have the right to accept and act upon instructions, including funds transfer instructions
(&ldquo;<I>Instructions</I>&rdquo;) given pursuant to this Supplemental Indenture or any other Executed Documentation and delivered using
Electronic Means; provided, however, that the Company shall provide to the Trustee an incumbency certificate listing officers with the
authority to provide such Instructions (&ldquo;<I>Authorized Officers</I>&rdquo;) and containing specimen signatures of such Authorized
Officers, which incumbency certificate shall be amended by the Company, whenever a person is to be added or deleted from the listing.
If the Company elects to give the Trustee Instructions using Electronic Means and the Trustee in its discretion elects to review the incumbency
certificate and to act upon such Instructions, the Trustee&rsquo;s understanding of such Instructions shall be deemed controlling. The
Company understands and agrees that the Trustee cannot determine the identity of the actual sender of such Instructions and that the Trustee
shall conclusively presume that Instructions that purport to have been sent by an Authorized Officer listed on the incumbency certificate
provided to the Trustee have been sent by such Authorized Officer. The Company shall be responsible for ensuring that only Authorized
Officers transmit such Instructions to the Trustee and that the Company and all Authorized Officers are solely responsible to safeguard
the use and confidentiality of applicable user and authorization codes, passwords and/or authentication keys. The Trustee shall not be
liable for any losses, costs or expenses arising directly or indirectly from the Trustee&rsquo;s reliance upon and compliance with such
Instructions notwithstanding such Instructions conflict or are inconsistent with a subsequent written Instruction. The Company agrees:
(i) to assume all risks arising out of the use of Electronic Means to submit Instructions to the Trustee, including without limitation
the risk of the Trustee acting on unauthorized Instructions, and the risk of interception and misuse by third parties; (ii) that it is
fully informed of the protections and risks associated with the various methods of transmitting Instructions to the Trustee and that there
may be more secure methods of transmitting Instructions than the method(s) selected by the Company; (iii) that the security procedures
(if any) to be followed in connection with its transmission of Instructions provide to it a commercially reasonable degree of protection
in light of its particular needs and circumstances; and (iv) to notify the Trustee immediately upon learning of any compromise or unauthorized
use of the security procedures. The Company acknowledges and agrees that the Trustee shall have no liability for acting on or in connection
with instructions or directions of the Company provided to the Trustee by the Company (or their representative participant with a global
depository) using Electronic Means.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 5.04<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Sanctions.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Company covenants and represents that neither it
nor any of its Affiliates, Subsidiaries, directors or officers are the target or subject of any sanctions enforced by the U.S. Government,
(including, the Office of Foreign Assets Control of the U.S. Department of the Treasury), the United Nations Security Council, the European
Union, or HM Treasury (collectively &ldquo;<I>Sanctions</I>&rdquo;). The Company covenants and represents that neither it nor any of its
Affiliates, Subsidiaries, directors or officers will use any payments made pursuant to this Supplemental Indenture or the Notes, (a) to
fund or facilitate any prohibited activities of or business with any Person who, at the time of such funding or facilitation, is the subject
or target of Sanctions, (b) to fund or facilitate any prohibited activities of or business with any country or territory that is the target
or subject of Sanctions, or (c) in any other manner that will result in a violation of Sanctions by any Person.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 5.05<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Recitals.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The recitals contained herein shall be taken as statements
of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity
or sufficiency of the Notes or this Supplemental Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="text-transform: uppercase">SECTION 5.06<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT></FONT><U>Waiver of Trial by Jury.</U></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">EACH OF THE PARTIES HERETO, AND EACH HOLDER AND BENEFICIAL
OWNER, BY ACCEPTANCE OF THE NOTES OR A BENEFICIAL INTEREST THEREIN, IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY AND ALL RIGHT TO TRIAL
BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE OR THE NOTES.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">[signature page follows]</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">IN WITNESS WHEREOF, the parties hereto have caused
this Supplemental Indenture to be duly executed by their respective officers hereunto duly authorized, all as of the day and year first
written above.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">MAGNA INTERNATIONAL INC.</TD></TR>
  <TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 45%">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">/s/ Paul H. Brock</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Name: Paul H. Brock</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Title: Vice-President and Treasurer</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">/s/ Bassem A. Shakeel</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Name:&nbsp;&nbsp;Bassem A. Shakeel</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Title: Vice-President, Associate General Counsel and Corporate Secretary</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">THE BANK OF NEW YORK MELLON, as Trustee, Paying Agent, Debt Security registrar and transfer agent</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">/s/ Stacey Poindexter</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Authorized Representative</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>


<P STYLE="font-size: 10pt; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>


<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 18 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">Exhibit A to<BR>
Eighth Supplemental Indenture</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY (&ldquo;DTC&rdquo;) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND SUCH SECURITY
ISSUED IS REGISTERED IN THE NAME OF CEDE &amp; CO., OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, SINCE THE REGISTERED OWNER HEREOF, CEDE &amp; CO.,
HAS AN INTEREST HEREIN.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">TRANSFERS OF THIS SECURITY SHALL BE LIMITED TO TRANSFERS, IN WHOLE BUT
NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR&rsquo;S NOMINEE EXCEPT AS OTHERWISE PROVIDED IN THE INDENTURE
REFERRED TO ON THE REVERSE SIDE OF THIS CERTIFICATE.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">MAGNA INTERNATIONAL INC.</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">5.050% Senior Note due 2029</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; font-size: 10pt">REGISTERED</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 49%; font-size: 10pt; text-align: right">PRINCIPAL AMOUNT</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">No.</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt">$<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
  </TABLE>


<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">CUSIP NO. 559222BA1</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">ISIN: US559222BA12</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">MAGNA INTERNATIONAL INC., a corporation duly organized
and existing under the laws of the Province of Ontario (herein referred to as the &ldquo;<I>Company</I>&rdquo; which term includes any
successor entity under the Indenture herein referred to), for value received, hereby promises to pay to CEDE &amp; CO., or registered
assigns, upon presentation, the principal sum of $<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>,
as revised by the Schedule of Increases and Decreases in Global Debt Security attached hereto, on March 14, 2029 (the &ldquo;<I>Stated
Maturity Date</I>&rdquo;) and to pay interest thereon from March 14, 2024 or from the most recent Interest Payment Date to which interest
has been paid or duly provided for, semi-annually in arrears on March 14 and September 14 of each year (each, an &ldquo;<I>Interest Payment
Date</I>&rdquo;), commencing September 14, 2024 at the rate of 5.050% per annum, until the principal hereof is paid or duly provided for.
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 Holder in whose name this Note (or one or more Predecessor Debt Securities) is registered at the close of business on the
Regular Record Date for such interest, which shall be the February 27 or August 30 (whether or not a Business Day), as the case may be,
immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease
to be payable to the Holder on such Regular Record Date, and may be paid to the Holder in whose name this Note (or one or more Predecessor
Debt 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 Notes not less than ten days prior to such Special Record Date, or may be
paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be
listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Interest will be computed
on the basis of a 360-day year consisting of twelve 30-day months. The Company will pay, to the extent lawful, interest (including post-petition
interest in any proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law) on overdue
principal and interest at the rate per annum borne by the Notes.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 19; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Payment of the principal of and interest on the Notes
will be made at the Corporate Trust Office of the Trustee in The City of New York, 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. The Company, however, may pay principal and interest
by check payable in such money. At the option of the Company, payment of interest may be made by check mailed to the address of the Person
entitled thereto as such address shall appear in the Debt Security Register; provided that, notwithstanding anything else contained herein,
if the Notes are issued in the form of one or more Global Debt Securities and is held in book-entry form through the facilities of the
Depository, payments on the Notes will be made to the Depository or its nominee in accordance with the arrangements then in effect between
the Trustee and the Depository.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">In any case where any Interest Payment Date or the
Stated Maturity Date or any earlier date of redemption or repurchase of the Notes shall not be a Business Day, then the related payment
of interest or principal and premium, if any, need not be made on such date, but may be made on the next succeeding Business Day with
the same force and effect as if made on such Interest Payment Date or on the Stated Maturity Date or such earlier date of redemption or
repurchase, and, if such payment is made or duly provided for on such Business Day, no interest shall accrue on the amount so payable
for the period from and after such Interest Payment Date or the Stated Maturity Date or such earlier date of redemption or repurchase,
as the case may be, to such Business Day. For purposes of the Notes, the term &ldquo;<I>Business Day</I>&rdquo; means any day, other than
a Saturday or a Sunday, that is not a day on which banking institutions or trust companies are generally authorized or required by law,
regulation or executive order to close in The City of New York.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Reference is hereby made to the further provisions
of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Unless the Certificate of Authentication hereon has
been executed by the Trustee by manual signature of one of its authorized signatories, this Note shall not be entitled to any benefit
under the Indenture, or be valid or obligatory for any purpose.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 20; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">IN WITNESS WHEREOF, the Company has caused this instrument
to be executed by its duly authorized officers.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Dated:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">MAGNA INTERNATIONAL INC.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 35%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 60%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Name:</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title:</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Name:</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title:</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<!-- Field: Page; Sequence: 21; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">TRUSTEE&rsquo;S CERTIFICATE OF AUTHENTICATION:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This is one of the Debt Securities of the series designated
therein referred to in the within-mentioned Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Dated:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">THE BANK OF NEW YORK MELLON, as Trustee</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 35%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 60%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Authorized Representative</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>


<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 22; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">[Reverse of Note]</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">MAGNA INTERNATIONAL INC.</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This Note is one of a duly authorized issue of Debt
Securities of the Company designated as its &ldquo;5.050% Senior Notes due 2029&rdquo; (herein called the &ldquo;<I>Notes</I>&rdquo;),
initially limited in aggregate principal amount to $400,000,000 issued under an Indenture dated as of June 16, 2014, as amended and supplemented
by the Eighth Supplemental Indenture thereto dated as of March 14, 2029 (as so amended and supplemented, and as hereafter amended and
supplemented from time to time, the &ldquo;<I>Indenture</I>&rdquo;), between the Company and The Bank of New York Mellon, as trustee (herein
called the &ldquo;<I>Trustee</I>,&rdquo; which term includes any successor trustee under the Indenture with respect to the series of which
this Debt Security is a part), 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 Company, the Trustee and the Holders of the Notes,
and of the terms upon which the Notes are, and are to be, authenticated and delivered. To the extent that any provision of this Note conflicts
with the express provisions of the Indenture, the provisions of this Note will govern and be controlling (to the extent permitted by law).
All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Notes will be redeemable at any time, at the option
of the Company, in whole or from time to time in part, upon not less than 10 nor more than 60 days&rsquo; prior written notice (or, in
the case of a redemption pursuant to Section 5.08(b) of the Indenture, not more than 45 nor less than 15 days), on any date prior to the
Stated Maturity Date at a Redemption Price, calculated in accordance with the terms of the Indenture, which includes accrued interest
thereon, if any, to, but not including, the Redemption Date. In the case of any partial redemption, selection of the Notes for redemption
will be made by the Trustee by such methods as the Trustee shall deem fair and appropriate or, if the Notes are issued in the form of
one or more Global Debt Securities and beneficial interests therein are held in book-entry form through the facilities of the Depository,
selection of the Notes for redemption will be made in accordance with the procedures of the Depository. If any Note is to be redeemed
in part only, the notice of redemption relating to such Note shall state the portion of the principal amount thereof to be redeemed. A
new Note in principal amount equal to the unredeemed portion hereof will be issued in the name of the Holder hereof upon cancellation
of this Note; provided that the unredeemed portion hereof shall be in an unauthorized denomination.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Upon the occurrence of a Change of Control Triggering
Event with respect to the Notes, unless the Company has exercised its right to redeem the Notes, each Holder of the Notes will have the
right to require the Company to purchase all or a portion of such Holder&rsquo;s Notes pursuant to a Change of Control Offer, at a purchase
price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the date of purchase.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">If an Event of Default with respect to the Notes shall
occur and be continuing, the principal of the Notes may be declared due and payable in the manner and with the effect provided in the
Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Indenture permits, with certain exceptions as provided
therein, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the
Debt Securities of any series under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less
than a majority of the aggregate principal amount of the Outstanding Debt Securities of such series. The Indenture also contains provisions
permitting the Holders of not less than a majority of the aggregate principal amount of the Outstanding Debt Securities of any series,
on behalf of the Holders of all such securities of that series, to waive compliance by the Company with certain provisions of the Indenture
and to waive certain past defaults under the Indenture with respect to such series and their consequences. Any such consent or waiver
by the Holders of the Notes shall be conclusive and binding upon such Holders and upon all future Holders of the Notes, whether or not
notation of such consent or waiver is made upon the Notes.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 23; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">No sinking fund will be established with respect to
the Notes, and the Notes shall not be subject to any sinking fund payments.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Indenture contains provisions for defeasance of
(i) the entire indebtedness of the Company in respect of the Notes and (ii) certain restrictive covenants and the related Events of Default,
subject to compliance by the Company with certain conditions set forth in the Indenture.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">No reference herein to the Indenture and no provision
of the Notes or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the
principal of, premium, if any, and interest on the Notes at the times, places and rate, and in the coin or currency, herein prescribed.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Notes are issuable only in registered form without
coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">No service charge shall be made for any such registration
of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable
in connection therewith.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The registered Holder of this Note may be treated as
its owner for all purposes.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">With respect to any Notes sold in Canada, unless permitted
under applicable Canadian securities legislation, the Holder of such Notes must not trade the Notes before the date that is four months
and a day after the date on which such Notes are issued.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">No recourse shall be had for the payment of the principal
of or premium, if any, or the interest on the Notes, or for any claim based hereon, or otherwise in respect hereof, or based on or in
respect of the Indenture or any indenture supplemental thereto, against any past, present or future stockholder, employee, officer or
director, as such, of the Company or of any successor, either directly or through the Company or any successor, whether by virtue of any
constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the
acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Notes shall be governed by and construed in accordance
with the laws of the State of New York.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 24; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center">ASSIGNMENT FORM</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">(Please Print or Type Name and Address Including Zip Code of Assignee)</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">the within Debt Security of Magna International Inc. and hereby does irrevocably
constitute and appoint _____________________________________ Attorney to transfer said security on the books of the within-named Company
with full power of substitution in the premises.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">(Please Insert Social Security or Other Identifying Number of Assignee):</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Dated: _______________</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 60%">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 40%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>The signature to this
assignment must correspond with the name as it appears on the first page of the within Note in every particular, without alteration or
enlargement of any change whatever.</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 3in"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 20%; font-size: 10pt; text-align: left; text-indent: 0in">SIGNATURE GUARANTEE :</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; width: 35%">&nbsp;</TD>
    <TD STYLE="width: 43%">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font-size: 10pt; text-align: left; text-indent: 0in; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&nbsp;</TD>
  <TD STYLE="width: 50%">(Signatures must be guaranteed by an &ldquo;eligible
guarantor institution&rdquo; meeting the requirements of The Bank of New York Mellon, which requirements include membership or participation
in the Security Transfer Agent Medallion Program (&ldquo;<I>STAMP</I>&rdquo;) or such other &ldquo;signature guarantee program&rdquo;
as may be determined by The Bank of New York Mellon in addition to, or in substitution for, STAMP, all in accordance with the Securities
Exchange Act of 1934 as amended.)</TD></TR>
</TABLE>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0in; margin: 0pt 0 0pt 2.5in"></P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 0in; margin: 0pt 0 0pt 2.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0.5in; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 25; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center; text-indent: 0.5in">SCHEDULE OF INCREASES OR DECREASES IN GLOBAL DEBT SECURITY</P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0">The following increases or decreases in this Global Debt
Security have been made:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0in; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 20%; font-size: 10pt"><FONT STYLE="font-size: 10pt">Date of <BR>
Increase or <BR>
Decrease</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 19%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Amount of decrease <BR>
in Principal Amount <BR>
of this Global Debt <BR>
Security</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; border-bottom: Black 1pt solid; width: 19%; font-size: 10pt"><FONT STYLE="font-size: 10pt">Amount of <BR>
increase in <BR>
Principal <BR>
Amount of <BR>
this Global <BR>
Debt Security</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; border-bottom: Black 1pt solid; text-align: left; width: 19%"> Principal <BR>
Amount of this <BR>
Global Debt <BR>
Security <BR>
following such <BR>
decrease or <BR>
increase
         </TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; border-bottom: Black 1pt solid; width: 19%; font-size: 10pt"><FONT STYLE="font-size: 10pt">Signature of <BR>
authorized <BR>
signatory of <BR>
Trustee</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>


<P STYLE="margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">A-8</FONT></P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 3pt auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
